State of California

July 18, 2024 2023-005 The Honorable Shirley N. Weber, Secretary of State Office of the Secretary of State 1500 Eleventh Street, 2nd Floor Sacramento, California 95814 Dear Secretary Weber: Enclosed is my affidavit declaring the amount of money or credit that should have been under the responsibility of the State Treasurer and the kind and amount of money and credit held by the State Treasurer. As required by Government Code sections 13297 and 13298, the California State Auditor (State Auditor) counted the money and credit as of the close of business on December 31, 2022. Government Code section 13299 requires the State Auditor to file this affidavit with the Secretary of State. Respectfully submitted, LINUS LI, CPA Deputy State Auditor Attachment STATE OF CALIFORNIA CALIFORNIA STATE AUDITOR COUNTY OF SACRAMENTO Linus Li, Deputy State Auditor, declares that the amount of money or credit that should have been under the responsibility of the State Treasurer’s Office was on deposit in financial institutions and is listed below. This statement does not include amounts held by the State Treasurer’s Office for separately invested state accounts, pledges to the State of California, and trust accounts held for safekeeping. The California State Auditor counted the money and credit as of the close of business on December 31, 2022, as required by sections 13297 and 13298 of the Government Code. Money and credit held by the State Treasurer’s Office as of December 31, 2022 (Amounts in thousands) Demand deposits in banks $ 1,578,414 Cash deposited with fiscal agent 18,971 Time deposits with 5,144,000 banks and credit unions Accounts receivable, net of pending items 117 Securities authorized for purchase by the Government Code sections 16430 and 16480.4, generally at book value 196,341,956 Total $ 203,083,458 I declare under penalty of perjury that the foregoing is true and correct. SACRAMENTO, CALIFORNIA LINUS LI, CPA Deputy State Auditor