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Dear Margaret and Ross

We are delighted to inform you that Alameda, CA has been selected as a recipient of the 2023 GovInvest Trailblazer Awards. This recognition is a testament to your organization's exceptional commitment to leveraging modern solutions for accurate analysis and enhanced transparency.

The GovInvest Trailblazer Award is bestowed upon organizations that exemplify outstanding leadership and innovation in adopting cutting-edge technologies to drive positive change and set new standards for local government. This award reflects your unwavering commitment to excellence, and we applaud your team's efforts in embracing forward-thinking approaches to achieve unparalleled results.

Your ability to harness the power of modern solutions sets a benchmark for others in the industry. The recognition also serves as a validation of our dedication to delivering high-quality services and exceeding industry standards. We take great pride in your accomplishment and view it as a motivation to continually raise the bar.

The GovInvest Team looks forward to continuing our partnership with you and exploring new opportunities for collaboration. Your feedback and input have been invaluable to us, and we remain committed to exceeding your expectations.

For your reference, attached is a press release announcing the 2023 GovInvest Trailblazer Award Winners. Thank you for being an essential part of our mission to support agencies across the country.

Sincerely,

Shareen Baker

Customer Success Manager

GovInvest Inc.

917-423-7443

shareen@govinvest.com

www.govinvest.com

(Chicago, Illinois)—Government Finance Officers Association of the United States and Canada (GFOA) has awarded the Certificate of Achievement for Excellence in Financial Reporting to City of Alameda for its annual comprehensive financial report for the fiscal year ended June 30, 2022. The report has been judged by an impartial panel to meet the high standards of the program, which includes demonstrating a constructive "spirit of full disclosure" to clearly communicate its financial story and motivate potential users and user groups to read the report.

The Certificate of Achievement is the highest form of recognition in the area of governmental accounting and financial reporting, and its attainment represents a significant accomplishment by a government and its management.

SAN FRANCISCO (S&P Global Ratings) May 16, 2023--S&P Global Ratings raised its long-term rating to 'AAA' from 'AA+' on Alameda, Calif.'s general obligation debt outstanding.

At the same time, S&P Global Ratings raised its long-term rating to 'AA+' from 'AA' on the city's certificates of participation outstanding.

"The raised ratings reflect our view that the city will continue its record of strong-to-very-strong financial performance, which has significantly improved its available fund balances in preparation for possible adverse economic conditions in fiscal 2023, while continuing to lower its debt burden and sustain its strong economic growth," said S&P Global Ratings credit analyst Cenisa Gutierrez.

The outlook is stable.

Alameda is built out in most of its service area but is undergoing a boom in residential and commercial development.