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EXHIBIT B Page 4 of 5 INDEPENDENT CITIES RISK MANAGEMENT AUTHORITY MEMORANDUM OF LIABILITY COVERAGE MEMORANDUM NO. ICRMA2025-2026 Declarations 1. COVERED MEMBERS Members of the ICRMA liability program,per Schedule A 2. MEMORANDUM PERIOD From 7-1-2025 to 7-1-2026 12:01 A.M. Pacific Time 3. LIMIT OF COVERAGE $35,000,000 per occurrence,as follows: • ICRMA pooled retained limit: $2,000,000(inclusive of the Member retained limit set forth in schedule A)' • Insured lirnits:(excess of the ICRibIA pooled retained limit): Per Occurrence Limits Aimre2ate Limits 1 $2M x$2M per occurrence' $20M annual pool aggregate limit(except Auto Liability) 2 $5M x$4M per occurrence $10M annual pool aggregate limit for POEO' S l OM annual pool aggregate limit for EPL 3 $4M x$9M per occurrence $$M annual per member as a ate limit(except Auto Liability) 4 $2.5M x$131v1 per occurrence S5M annual per member aggregate limit/ $IOM amoral pool as a ate limit(except Auto Liability) 5 $2.5M x$15.5M per occurrence $IO1vI annual pool aggregate limit(except Auto Liability) 6 S2M x$1$M per occurrence SSM annual pool aggregate limit 7 55M x$20M per occurrence $5M annual pool aggregate limit S S5M x$25M per occurrence $5M annual pool aggregate limit 9 $5M x$30M per occurrence $5M annual pool aggregate limit In the event ICRINIA elects or is obligated to provide coverage,which is not reinsured,the maximum liability limit that ICRMA is obligated to pay is$2,000,000,inclusive of the Member Retained Limit. Documents attached at issuance: Schedule A,and Public Crisis Event Coverages On Behalf of the INDEPENDENT CITIES RISK MANAGEMENT AUTHORITY: ,e-&0.". Mnawrawn.xau.—M) Authorized Representative The member retained limits set forth in Schedule A for Downey,Fullerton,Glendora,Hawthorne,Inglewood,and Santa Ana meet or exceed the ICRMA pooled retained limit.As a result,those members do not participate in the ICRMA pooled layer. Due to the amount of its member retained limit set forth in Schedule A,Santa Ana only participates in this layer for $1 M of coverage per occurrence. Due to the amount of its member retained limit set forth in Schedule A,Fullerton does not participate in this layer. a"POEO"refers to Public Officials' Errors and Omissions as that term is defined in Section II—Definitions(26) "EPL"refers to Wrongful Employment Practices as that term is defined in Section 11—Definitions(33). ICRNIA—Memorandum of Liahiliry Coverage Page 3 of 37 July I,'0,21 —July 1,2026