Agoura Hills City Council
January 10, 2024

AGENDA

REGULAR MEETING OF THE

AGOURA HILLS CITY COUNCIL
Civic Center – Council Chambers
30001 Ladyface Court, Agoura Hills, California 91301
Wednesday, January 10, 2024
6:00 p.m.

Please silence all cell phones and other electronic devices during the meeting.

ATTEND OR WATCH THE MEETING
For in-person attendance, Council Chamber doors will open to the public at 5:30 p.m. To watch the live stream or archive of this meeting on YouTube, enter “Agoura Hills City Council” and click on the date of the meeting. To watch the live stream or archive of this meeting on the City’s website, go to agourahillscity.org and click on the “Watch Meetings Online” button.

PUBLIC PARTICIPATION (PUBLIC COMMENT)
Option A: To provide public comment in-person in the Council Chambers Members of the public have an opportunity to attend the meeting in-person in the Council Chambers and speak or submit a written comment on any item listed on the Agenda. If you wish to speak, complete a Speaker’s Card for each item and submit to the City Clerk prior to the public comment portion of the item. Public testimony is limited to three (3) minutes per speaker; a speaker’s time may not be transferred to another speaker. Written public comments submitted at the meeting are not read aloud by the City Clerk.

Option B: To submit written public comments prior to the meeting Members of the public have an opportunity to submit email correspondence on any item listed on the Agenda by sending an email to: [email protected]. All public correspondence received by 4:00 p.m. on the meeting date will be provided to the City Council prior to the meeting.

Public comments are not read into the record. Any public comments received after 4:00 p.m. on the meeting day will not be considered as part of the City Council’s deliberations or entered into the official record, but will be provided to the City Council the next day.

CALL TO ORDER
PLEDGE OF ALLEGIANCE Girl Scout Troop 176
ROLL CALL Mayor Illece Buckley Weber
Mayor Pro Tem Penny Sylvester
Councilmember Chris Anstead
Councilmember Deborah Klein Lopez
Councilmember Jeremy Wolf

REPORT OF CLOSED SESSION

APPROVAL OF AGENDA

PRESENTATIONS
City Council Regular Meeting Agenda
Wednesday, January 10, 2024

INTERGOVERNMENTAL, SPECIAL PURPOSE COMMITTEE, & DEPARTMENTAL

REPORTS
Agoura Hills Library Quarterly Update
(City Council and Staff)

PUBLIC COMMENTS
(This section is reserved for persons wishing to address items not listed on the Agenda that are under the subject matter jurisdiction of the City Council. Please refer to “Public Participation” above for full details on how to submit written public comments or speak under this category.)

CONSENT CALENDAR
(Items on the Consent Calendar may be approved by a single motion and vote. Unless pulled by the City Council, there will be no separate discussion of these items. This section is reserved for persons wishing to address items on the Consent Calendar. Please refer to “Public Participation” above for full details on how to submit written public comments or speak under this category.)

1. Approve Minutes of the Regular City Council Meeting of November 8, 2023 STAFF REFERENCE: CITY CLERK RODRIGUES

2. Approve Minutes of the Special City Council Reorganization Meeting of December 5, 2023
STAFF REFERENCE: CITY CLERK RODRIGUES

3. Approve Minutes of the Regular City Council Meeting of December 13, 2023 STAFF REFERENCE: CITY CLERK RODRIGUES

4. Approve Demand Warrant Register No. 904
STAFF REFERENCE: DIRECTOR OF FINANCE IBAÑEZ

5. Receive and File the City of Agoura Hills Annual Comprehensive Financial Report for the Year Ended June 30, 2023
STAFF REFERENCES: DIRECTOR OF FINANCE IBAÑEZ

FINANCE MANAGER CHO

6. Adopt Ordinance No. 23-475; AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF AGOURA HILLS, CALIFORNIA, AMENDING SECTION 9673.2 OF

ARTICLE IX (ZONING) OF THE AGOURA HILLS MUNICIPAL CODE TO REQUIRE

ISSUANCE OF A CONDITIONAL USE PERMIT WITHIN A SPECIFIED TIME

PERIOD IF DELINEATED FINDINGS CAN BE MADE AND CODIFYING FACTORS

TO BE UTILIZED IN CONSIDERING REQUIRED FINDINGS, AND MAKING A

DETERMINATION OF EXEMPTION UNDER THE CALIFORNIA

ENVIRONMENTAL QUALITY ACT
STAFF REFERENCES: COMMUNITY DEVELOPMENT DIRECTOR THOMAS

PRINCIPAL PLANNER NESOVIC
City Council Regular Meeting Agenda
Wednesday, January 10, 2024

PUBLIC HEARINGS
(This section is reserved for persons wishing to address items listed under Public Hearings. Please refer to “Public Participation” above for full details on how to submit written public comments or speak under this category.)

7. Conduct a Public Hearing to Consider Approval of Resolution No. 24-2052; A

RESOLUTION OF THE CITY COUNCIL OF THE CITY OF AGOURA HILLS,

CALIFORNIA, APPROVING COMMUNITY DEVELOPMENT BLOCK GRANT (CDBG) PROGRAM AND PROJECTS FOR THE 50th PROGRAM YEAR (JULY 1, 2024 – JUNE 30, 2025)
STAFF REFERENCES: ADMINISTRATIVE ANALYST TREICHLER

DEPUTY CITY MANAGER CELAYA

8. Conduct a Public Hearing to Consider Approval of Resolution No. 24-2053; A

RESOLUTION OF THE CITY COUNCIL OF THE CITY OF AGOURA HILLS,

CALIFORNIA, ESTABLISHING FEES FOR THE USE AND OCCUPANCY OF

CITY-OWNED ELECTRIC VEHICLE CHARGING STATIONS
STAFF REFERENCES: ADMINISTRATIVE ANALYST TREICHLER

DEPUTY CITY MANAGER CELAYA

DISCUSSION / ACTION
(This section is reserved for persons wishing to address items listed under Discussion / Action. Please refer to “Public Participation” above for full details on how to submit written public comments or speak under this category.)

9. Discussion to Consider the Adoption of Resolution No. 24-2054; A RESOLUTION

OF THE CITY COUNCIL OF THE CITY OF AGOURA HILLS, CALIFORNIA,

APPROVING THE PRE-APPROVED ADU (ACCESSORY DWELLING UNIT)

PLANS PROGRAM FOR USE BY THE PUBLIC IN OBTAINING PERMITS FOR

CONSTRUCTION OF AN ACCESSORY DWELLING UNIT PER CITY

REQUIREMENTS
STAFF REFERENCES: COMMUNITY DEVELOPMENT DIRECTOR THOMAS

BUILDING OFFICIAL QUACH

COUNCIL, STAFF COMMENTS

ADJOURNMENT
The next Regular City Council Meeting will be held at 6:00 p.m., on Wednesday, January 24, 2024, in the Council Chambers of the Civic Center. The Civic Center is located at 30001 Ladyface Court, Agoura Hills, California.

In compliance with the Americans with Disabilities Act, if you require special assistance to participate in this meeting, notify the City Clerk’s Office, at (818) 597-7300, at least 48 hours prior to the meeting.

Copies of staff reports or other written documentation, relating to each item of business described in this Agenda, are posted to the City’s website at agourahillscity.org and are on file in the office of City Clerk Kimberly M. Rodrigues, Agoura Hills City Hall, 30001 Ladyface Court, Agoura Hills, California, 91301.

City Council Regular Meeting Agenda
Wednesday, January 10, 2024

The telecast of the Wednesday, January 10, 2024, Regular City Council Meeting will be shown on Channel 10 for Time Warner Cable subscribers, Channel 3 for Charter subscribers, and Channel 99 for AT&T UVerse subscribers, at a later date, and run daily until the next regularly scheduled City Council meeting.

The broadcast schedule is as follows: M-10am; T-3pm; W-10am; Th-7pm; F-10am; S-3pm; and Su-7pm.

MINUTES

REGULAR MEETING OF THE

AGOURA HILLS CITY COUNCIL
Civic Center – Council Chambers
30001 Ladyface Court, Agoura Hills, California 91301
Wednesday, November 8, 2023
6:00 p.m.

The City Council meeting was called to order at 6:00 p.m. by Mayor Anstead.

The Pledge of Allegiance was led by Cub Scout Pack 227.

Present were: Mayor Chris Anstead, Mayor Pro Tem Illece Buckley Weber, Councilmember Deborah Klein Lopez, Councilmember Penny
Sylvester, and Councilmember Jeremy Wolf.

Also Present were: City Manager Nathan Hamburger, City Attorney Candice K.

Lee, Assistant City Manager Ramiro Adeva, Deputy City
Manager Louis Celaya, Administrative Assistant Michele
Hubbs, Director of Community Development Denice Thomas, Principal Planner Robby Nesovic, Associate Planner Katrina Garcia, Research Consultant Adam Probolsky, Senior Civil Engineer Charmaine Yambao, Director of Finance Diego
Ibañez, Finance Manager Brenda Cho, Accountant Esteban
Pineda, Director of Community Services Amy Brink, and City Clerk Kimberly M. Rodrigues.

REPORT OF CLOSED SESSION
No Closed Session was held.

APPROVAL OF AGENDA
ACTION: Councilmember Sylvester moved to approve the Agenda, as presented. Mayor Pro Tem Buckley Weber seconded. The motion carried 5-0, by the following roll call vote:

AYES: Mayor Anstead, Mayor Pro Tem Buckley Weber, and
Councilmembers Lopez, Sylvester, and Wolf.

NOES: None.

ABSTAIN: None.

ABSENT: None.

PRESENTATIONS
There were no presentations.

City Council Regular Meeting Minutes
Wednesday, November 8, 2023

INTERGOVERNMENTAL, SPECIAL PURPOSE COMMITTEE, & DEPARTMENTAL

REPORTS
Councilmember Lopez provided a Clean Power Alliance update.

PUBLIC COMMENTS
There were no public comments.

CONSENT CALENDAR
Following distribution of the Agenda Packet, and prior to the City Council Meeting, written correspondence was received from the following person(s), regarding Item No. 3, forwarded to the City Council, and made available for public review.

Zoe Eisenstein, Agoura Hills
Mayor Anstead thanked 8th grader, Zoe Eisenstein, for her comment on the crosswalk item and commended her for working on this project with City staff and for her activism in the community as a Girl Scout.

ACTION: Mayor Pro Tem Buckley Weber moved to approve Consent Calendar Item Nos. 1-7, as presented. Councilmember Lopez seconded. The motion carried 5-0, by the following roll call vote:

AYES: Mayor Anstead, Mayor Pro Tem Buckley Weber, and
Councilmembers Lopez, Sylvester, and Wolf.

NOES: None.

ABSTAIN: None.

ABSENT: None.

1. Approve Minutes of the Regular City Council Meeting of October 25, 2023

2. Approve Demand Warrant Register No. 902

3. Approve Authorization to Seek Bids for the Reyes Adobe Road High-Intensity Activated Crosswalk Project; NIB 23-04

4. Approve a Two-Year Agreement for Consultant Services, with ECS Imaging, Inc., for Laserfiche Tech Support and Maintenance

5. Approve 1) Agreement for Consultant Services, with Rincon Consultants, Inc., for the Preparation of Environmental Documentation Related to the Second Phase of Development of the Agoura Business Center North (ABC North Phase II) Project, and 2) Agreement for Payment of Costs, with Dale Poe Development Corporation, in Connection with the Preparation of Environmental Documentation

6. Receive and File the Annual Compliance Report for the Transportation Impact Fees Fund Covering Fiscal Year 2022-23
City Council Regular Meeting Minutes
Wednesday, November 8, 2023

7. Adopt Resolution No. 23-2049; A RESOLUTION OF THE CITY COUNCIL OF THE

CITY OF AGOURA HILLS, CALIFORNIA, AUTHORIZING SUBMITTAL OF

APPLICATION(S) FOR ALL CALRECYCLE GRANTS FOR WHICH THE CITY OF

AGOURA HILLS IS ELIGIBLE

ORDINANCE / ACTION

8. Waive Full Reading and Introduce Ordinance No. 23-474; AN ORDINANCE OF

THE CITY COUNCIL OF THE CITY OF AGOURA HILLS, CALIFORNIA, ADDING CHAPTER 12 (ELECTRONIC FILING OF CAMPAIGN DISCLOSURE

STATEMENTS AND STATEMENTS OF ECONOMIC INTERESTS) TO ARTICLE II (ADMINISTRATION) OF THE AGOURA HILLS MUNICIPAL CODE; and Approve an Agreement for Consultant Services with Netfile for the Filing of Electronic Campaign Disclosure Statements
Following presentation of the staff report, Mayor Anstead opened the floor for public comments.

There were no public comments.

Following deliberations, Mayor Anstead called for a motion and second to approve the staff recommendation to waive full reading and introduce Ordinance No. 23-474.

ACTION: Councilmember Lopez moved to approve the staff recommendation.

Councilmember Sylvester seconded. The motion carried 5-0, by the following roll call vote:

AYES: Mayor Anstead, Mayor Pro Tem Buckley Weber, and
Councilmembers Lopez, Sylvester, and Wolf.

NOES: None.

ABSTAIN: None.

ABSENT: None.

DISCUSSION / ACTION

9. Conduct a Prescreen Review of an Application Proposing to Amend Chapter 1 (Introduction), Chapter 3 (Commercial Districts), and Chapter 5 (Overlay Districts) of Article IX (Zoning) of the Agoura Hills Municipal Code
Following a presentation of the staff report, the following persons provided a presentation on behalf of the Applicant:

Cory Antilla, representing the Applicant
Anthony Delcau, representing the Applicant
Following the presentations, Mayor Anstead opened the floor for public comment.

City Council Regular Meeting Minutes
Wednesday, November 8, 2023

Following distribution of the Agenda Packet, and prior to the City Council Meeting, written correspondence was received from the following person(s), forwarded to the City Council, and made available for public review.

Bill Tucker, Encino, representing Whizin Market Square (Applicant) There were no further public comments nor a rebuttal by the Applicant’s representatives.

No formal action was required. Following discussion, the City Council provided nonbinding comments to the Applicant.

10. Discussion Regarding Commercial Cannabis Survey
Following a presentation of the staff report, including a presentation from Research Consultant Adam Probolsky, Mayor Anstead opened the floor for public comments.

There were no public comments.

Following discussion, by consensus, the City Council approved the following amendments to the survey:

1. Delete Question #16
Cannabis businesses in the City of Agoura Hills would be required to use solar panel energy to power their facilities.

2. Question #17, replace the word “cigar” with “hookah” If consumption lounges (similar to cigar hookah lounges) were to be allowed in Agoura Hills, businesses would be required to provide transportation to ensure people don’t drive under the influence of cannabis.

3. Question #18, delete the words “hundreds of thousands of dollars a year in” The City could tax cannabis and generate hundreds of thousands of dollars a year in new revenue that could be used to improve essential City services.

4. Question #22, delete the words “greenhouse gas emissions from” Having retail sales of cannabis in Agoura Hills would allow residents to buy locally, reducing greenhouse gas emissions from travel to other communities that offer retail sales.

5. Question #26, delete the words “and road repairs”
Smith says, “Allowing the retail sale of cannabis in Agoura Hills is a terrible idea. It will result in increased crime and traffic accidents. If people want to buy cannabis, they can go somewhere else.”
Jones says, “Allowing the retail sale of cannabis in Agoura Hills is a great idea. There is no evidence of negative community impacts and Agoura Hills could increase revenues that could go toward essential services like public safety and road repairs.” City Council Regular Meeting Minutes
Wednesday, November 8, 2023

6. Add Two (2) New Questions to Final Survey
Include questions about smell and health impacts (two new questions will be generated by staff and the consultant as part of the final survey) Following deliberations, Mayor Anstead called for a motion and second to approve the staff recommendation to approve the survey questionnaire, including the feedback from the City Council, and direct staff to survey the community.

ACTION: Following deliberations, Councilmember Sylvester moved to approve the staff recommendation, as amended. Councilmember Lopez seconded. The motion carried 5-0, by the following roll call vote:

AYES: Mayor Anstead, Mayor Pro Tem Buckley Weber, and
Councilmembers Lopez, Sylvester, and Wolf.

NOES: None.

ABSTAIN: None.

ABSENT: None.

11. Discussion of Ladyface Greenway Project Final Aesthetic Character and Authorization to Seek Bids
Following presentation of the staff report, Mayor Anstead opened the floor for public comments.

There were no public comments.

Following deliberations, Mayor Anstead called for a motion and second to approve the staff recommendation to approve the final aesthetic plan of the Ladyface Greenway Project and authorize staff to seek bids.

ACTION: Mayor Pro Tem Buckley Weber moved to approve the staff recommendation. Mayor Anstead seconded. The motion carried 5-0, by the following roll call vote:

AYES: Mayor Anstead, Mayor Pro Tem Buckley Weber, and
Councilmembers Lopez, Sylvester, and Wolf.

NOES: None.

ABSTAIN: None.

ABSENT: None.

COUNCIL, STAFF COMMENTS
Assistant City Manager Adeva announced the Annual State of the City 2023 and the Mayor’s Art Show would be held at the Recreation and Event Center at 6:00 p.m. on Thursday, November 16, 2023, and invited everyone to attend the free event.

Director of Community Services Brink announced the (free admission) Holidays on the Hill event at the Recreation and Event Center would commence with the Holiday Boutique City Council Regular Meeting Minutes
Wednesday, November 8, 2023

and Art Show, from 5:00-8:00 p.m. on Friday, December 1, 2023, and would continue on Saturday, December 2, 2023, from 11:00 a.m. to 5:00 p.m., with the addition of Santa who would be available for photos and to receive letters from the children.

Councilmember Wolf spoke about the following: the passing of community member Brent Kast who was a teacher, tutor, creek cleanup volunteer, and veteran, and noted there would be a special recognition for him at the upcoming State of the City; today, November 8, marked five years since the Woolsey Fire, which burned 97,000 acres in the region, and reminded residents to always be prepared (for emergencies); the recent incident on Thousand Oaks/Westlake Boulevards and the tragic loss of life of Paul Kessler; assured residents that the City is in contact with law enforcement regarding security in places of worship; and encouraged everyone to come together as a community.

Councilmember Lopez spoke about the following: the 5th Anniversary of the Woolsey Fire and the Borderline incidents (2018); the loss of “friend of the City and schools” Brent Kast; the events of October 7 (Israel) and November 6 (corner of Thousand Oaks/Westlake Boulevards); her sadness with the violence, antisemitism, and division that is occurring around the world that now happened in the Conejo Valley; invoked the words to the community, said to her two days after her 2018 election by Mayor Pro Tem Buckley Weber, to “model the behavior that you want to see in the world”, and encouraged any future protests on the corner to be peaceful and nonviolent.

Mayor Pro Tem Buckley Weber spoke about the following: people have the right to protest, the corner (Thousand Oaks/Westlake Boulevards) has been used for decades for protests, and encouraged everyone to “keep their tempers and remain peaceful so as not to stifle protesters” in the future; invited everyone to attend the City Council Reorganization Meeting at 6:00 p.m. on December 5, 2023; attending the Senior Thanksgiving Luncheon today at the Event Center; and encouraged everyone to try and bring peace and good spirit to their own Thanksgiving get togethers and “remember to love each other because we’re lucky we still have each other.” Councilmember Sylvester spoke about the following: that she was an immigrant of this country and was “so proud that we do have freedom of speech and if we can get out and protest peacefully, we’re lucky to be able to do that”; attending the safety forum (Community Resiliency Event) arranged by Supervisor Lindsey P. Horvath at Lindero Canyon Middle School on October 26, 2023; attending the private tour of the 69 Bravo Helistop at the top of Saddle Peak Road last Saturday with Assemblymember Jacqui Irwin and Assistant Fire Chief Drew Smith, noting the Chinooks can re-load water within 90 seconds; and the importance of being prepared, encouraging Agoura Hills residents to take advantage of the home hardening grants offered by the City.

Mayor Anstead spoke about the following: in response to the former Borderline and recent protest tragedies, he encouraged everyone to “try to bridge our differences…try to come together and come up with common solutions for issues” and have (peaceful) discussions; reported on the positive interaction he had with children in the community this last year and shared his personal remarks regarding the “Read with the Mayor” program on October 23, 2023, and last night’s Girl Scouts Veterans event, noting he was a Veteran and was wearing a handmade bracelet that was presented to him at the event; City Council Regular Meeting Minutes
Wednesday, November 8, 2023

and encouraged everyone to “honor our Veterans” on Veterans Day this Saturday, November 11, 2023.

ADJOURNMENT
Mayor Anstead announced the Regular Meeting of the City Council for November 22, 2023, had been canceled, the Adjourned Regular City Council Reorganization Meeting was scheduled for December 5, 2023, and the next Regular City Council Meeting would be held at 6:00 p.m., on Wednesday, December 13, 2023, in the Council Chambers of the Civic Center. The Civic Center is located at 30001 Ladyface Court, Agoura Hills, California.

ACTION: At 9:08 p.m., Councilmember Wolf moved to adjourn the meeting in memory of Brent Kast. Councilmember Lopez seconded. The motion carried 5-0, by the following roll call vote:

AYES: Mayor Anstead, Mayor Pro Tem Buckley Weber, and
Councilmembers Lopez, Sylvester, and Wolf.

NOES: None.

ABSTAIN: None.

ABSENT: None.

The Regular Meeting of the City Council for November 22, 2023, has been canceled.

The Adjourned Regular City Council Reorganization Meeting is scheduled for December 5, 2023 The next Regular City Council Meeting is scheduled for December 13, 2023 Kimberly M. Rodrigues, MPPA, MMC
City Clerk

MINUTES

SPECIAL MEETING
AGOURA HILLS CITY COUNCIL – OFFICIAL REORGANIZATION
Civic Center – Council Chambers
30001 Ladyface Court, Agoura Hills, California 91301
Tuesday, December 5, 2023
6:00 p.m.

The City Council meeting was called to order at 6:00 p.m. by Mayor Anstead.

The Pledge of Allegiance was led by Girl Scout Troop 176.

The invocation was administered by Mr. Alan Salazar.

Present were: Mayor Chris Anstead, Mayor Pro Tem Illece Buckley Weber, Councilmember Deborah Klein Lopez, Councilmember Penny
Sylvester, and Councilmember Jeremy Wolf.

Also Present were: City Manager Nathan Hamburger, Assistant City Manager Ramiro Adeva, Deputy City Manager Louis Celaya, Human
Resources Manager Celeste Bird, Communications Manager
Miranda Myers, Management Analyst Amber Victoria,
Administrative Analyst John Treichler, Director of Community Development Denice Thomas, Principal Planner Robby
Nesovic, Building Official Lukas Quach, Director of Public Works/City Engineer Jessica Forte, Senior Civil Engineer Charmaine Yambao, Director of Finance Diego Ibañez, Finance Manager Brenda Cho, Accountant Leah Palmer, Accountant
Esteban Pineda, Director of Community Services Amy Brink, Recreation Manager Nick Newkirk, Recreation Manager Xochitl Ruwhiu, and City Clerk Kimberly M. Rodrigues.

APPROVAL OF AGENDA
ACTION: Councilmember Sylvester moved to approve the Agenda, as presented. Councilmember Lopez seconded. The motion carried 5- 0, by the following roll call vote:

AYES: Mayor Anstead, Mayor Pro Tem Buckley Weber, and
Councilmembers Lopez, Sylvester, and Wolf.

NOES: None.

ABSTAIN: None.

ABSENT: None.

INTRODUCTIONS
Mayor Anstead introduced the dignitaries and special guests, including: District Representative Davis Han, representing the Honorable Senator Ben Allen (24th District); Honorable Assemblywoman Jacqui Irwin (42ndDistrict) and Deputy District Director Nancy City Council Special Meeting Minutes
Agoura Hills City Council – Official Reorganization
Tuesday, December 5, 2023

Frawley; Field Deputy Sophia Soudani, representing the Honorable Supervisor Lindsey P. Horvath (3rd District); former Agoura Hills Mayors Ed Corridori, Jack Koenig, Dan Kuperberg, Linda L. Northrup, and Jeff Reinhardt; representing the Agoura Hills Planning Commission, Chair John R. Asuncion and Vice Chair Kate Anderson; representing the City of Calabasas, Councilmember Edward Albrecht; representing the City of Malibu, Councilmember Paul Grisanti; representing the Las Virgenes Unified School District, President Lesli Stein and Yerba Buena Elementary School Principal Jessica Marshall; representing the Las Virgenes Municipal Water District, President Jay Lewitt and Director Andy Coradeschi; representing the Lost Hills Sheriff’s Station, Lt. Roman Foss; representing the Los Angeles County Fire Department, Division 7, Assistant Fire Chief Drew Smith and Battalion Chief Jeff Harms; representing the Greater Conejo Valley Chamber of Commerce, Director of Government Affairs and Tourism Josh Gray; special guest, Alan Salazar, who administered the invocation; special guest, Chris Leding, who would be administering the oaths of office; and special guests, Girl Scout Troop 176, for leading the flag ceremony. Following the introductions, Mayor Anstead extended a warm welcome to all attendees, especially to the family members and guests of the City Council, and also made a special acknowledgement to the appointed members of City advisory boards, commissions, and committees, including the many City volunteers who serve the community.
2023 CITY COUNCIL REORGANIZATION
(Please refer to the 2023 City Council Reorganization Program) A. Outgoing Mayor Remarks
Mayor Anstead made his outgoing remarks.

B. Presentations to Outgoing Mayor
Mayor Pro Tem Buckley Weber introduced the presenters. Presentations to outgoing Mayor Chris Anstead were made by: District Representative Davis Han, representing the Honorable Senator Ben Allen (24th District); Honorable Assemblywoman Jacqui Irwin (42nd District) and Deputy District Director Nancy Frawley; the Honorable Supervisor Lindsey P. Horvath (3rd District) who provided a few words virtually, followed by Field Deputy Sophia Soudani who presented a certificate in-person; Councilmember Edward Albrecht, representing the City of Calabasas, who made congratulatory remarks; President Jay Lewitt and Director Andy Coradeschi, representing the Las Virgenes Municipal Water District, who made congratulatory remarks; and Director of Government Affairs and Tourism Josh Gray, representing the Greater Conejo Valley Chamber of Commerce. Mayor Pro Tem Buckley Weber then presented gifts to Mayor Anstead on behalf of the City Council and Agoura Hills staff.

The City Council made their comments to outgoing Mayor Anstead.

C. Election of New Mayor
Mayor Anstead opened the nominations for Mayor.

City Council Special Meeting Minutes
Agoura Hills City Council – Official Reorganization
Tuesday, December 5, 2023

ACTION: Councilmember Lopez moved to nominate Illece Buckley Weber as Mayor. Councilmember Sylvester seconded. There being no further nominations, the motion carried 5-0, by the following roll call vote:

AYES: Mayor Anstead, Mayor Pro Tem Buckley Weber, and
Councilmembers Lopez, Sylvester, and Wolf.

NOES: None.

ABSTAIN: None.

ABSENT: None.

Illece Buckley Weber was elected as Mayor.

D. Election of New Mayor Pro Tem
Mayor Buckley Weber opened the nominations for Mayor Pro Tem.

ACTION: Councilmember Wolf moved to nominate Penny Sylvester as Mayor Pro Tem. Councilmember Anstead seconded. There being no further nominations, the motion carried 5-0, by the following roll call vote:

AYES: Mayor Buckley Weber and Councilmembers Anstead,
Lopez, Sylvester, and Wolf.

NOES: None.

ABSTAIN: None.

ABSENT: None.

Penny Sylvester was elected as Mayor Pro Tem.

E. Administer Oaths of Office for Mayor and Mayor Pro Tem Chris Leding administered the Oaths of Office to incoming Mayor Illece Buckley Weber and Mayor Pro Tem Penny Sylvester.

F. Incoming Mayor Remarks
Councilmember Anstead introduced Mayor Buckley Weber who gave her incoming remarks.

PUBLIC COMMENTS
There were no Public Comments.

COUNCIL COMMENTS
Mayor Pro Tem Sylvester, Councilmember Lopez, Councilmember Anstead, and Councilmember Wolf gave their personal congratulatory remarks to Mayor Buckley Weber.

City Council Special Meeting Minutes
Agoura Hills City Council – Official Reorganization
Tuesday, December 5, 2023

ADJOURNMENT
Mayor Buckley Weber thanked everyone for attending and extended appreciation to two of the local businesses that are located in the Whizin Market Square, noting that the lovely floral arrangements were created by Floret Floral Design, and, she requested attendees to make sure to stop in the lobby after the meeting for a special treat from Carrara’s Pastries and Café to enjoy at home.

Mayor Buckley Weber announced the next Regular City Council Meeting would be held at 6:00 p.m., Wednesday, December 13, 2023, in the Council Chambers of the Civic Center.

ACTION: At 7:20 p.m., Mayor Pro Tem Sylvester moved to adjourn the meeting. Councilmember Wolf seconded. The motion carried 5-0, by the following voice vote:

AYES: Mayor Buckley Weber, Mayor Pro Tem Sylvester, and Councilmembers Anstead, Lopez, and Wolf.

NOES: None.

ABSTAIN: None.

ABSENT: None.

Kimberly M. Rodrigues, MPPA, MMC
City Clerk

MINUTES

REGULAR MEETING OF THE

AGOURA HILLS CITY COUNCIL
Civic Center – Council Chambers
30001 Ladyface Court, Agoura Hills, California 91301
Wednesday, December 13, 2023
6:00 p.m.

The City Council meeting was called to order at 6:00 p.m. by Mayor Buckley Weber.

The Pledge of Allegiance was led by Cub Scout Pack 227.

Present were: Mayor Illece Buckley Weber, Mayor Pro Tem Sylvester, Councilmember Chris Anstead, Councilmember Deborah Klein Lopez, and Councilmember Jeremy Wolf.

Also Present were: City Manager Nathan Hamburger, City Attorney Candice K.

Lee, Assistant City Manager Ramiro Adeva, Management
Analyst Amber Victoria, Executive Assistant Michele Hubbs, Director of Community Development Denice Thomas, Director of Public Works/City Engineer Jessica Forte, Director of Finance Diego Ibañez, Director of Community Services Amy Brink, Management Analyst Stephanie Pozos, and City Clerk Kimberly M. Rodrigues.

REPORT OF CLOSED SESSION
No Closed Session was held.

APPROVAL OF AGENDA
ACTION: Councilmember Anstead moved to approve the Agenda, as presented. Councilmember Lopez seconded. The motion carried 5- 0, by the following roll call vote:

AYES: Mayor Buckley Weber, Mayor Pro Tem Sylvester, and Councilmembers Anstead, Lopez, and Wolf.

NOES: None.

ABSTAIN: None.

ABSENT: None.

PRESENTATIONS
There were no presentations.

City Council Regular Meeting Minutes
Wednesday, December 13, 2023

INTERGOVERNMENTAL, SPECIAL PURPOSE COMMITTEE, & DEPARTMENTAL

REPORTS
Mayor Buckley Weber provided a Santa Monica Mountains Conservancy Advisory Committee update.

PUBLIC COMMENTS
Following distribution of the Agenda Packet, and prior to the City Council Meeting, written correspondence was received from the following person(s), forwarded to the City Council, and made available for public review.

Jonathan Hawes
Katie Grant
Malik Tariq Mahmood, Los Angeles
The following person provided in-person live testimony:

Mark Urist, Agoura Hills

CONSENT CALENDAR
There were no public comments.

ACTION: Mayor Pro Tem Sylvester moved to approve Consent Calendar Item Nos. 1-11, as presented. Councilmember Lopez seconded. The motion carried 5-0, by the following roll call vote:

AYES: Mayor Buckley Weber, Mayor Pro Tem Sylvester, and Councilmembers Anstead, Lopez, and Wolf.

NOES: None.

ABSTAIN: None.

ABSENT: None.

1. Approve Demand Warrant Register No. 903

2. Approve Treasurer’s Report for September 2023

3. Approve Treasurer’s Report for October 2023

4. Approve Award of Agreement for Transit Services, with the City of Thousand Oaks, to Provide Paratransit Services (Dial-A-Ride)

5. Approve the First Amendment to the Agreement for Consultant Services, with Larry Walker Associates, Related to the Malibu Creek Watershed Coordinated Integrated Monitoring Program

6. Approve City Council 2024 Meeting Schedule
City Council Regular Meeting Minutes
Wednesday, December 13, 2023

7. Approve Appointments by the Mayor to City Council Subcommittees and Ad Hoc Committees

8. Approve Appointments to Outside Agency Boards, Commissions, or Committees

9. Adopt Resolution No. 23-2050; A RESOLUTION OF THE CITY COUNCIL OF THE

CITY OF AGOURA HILLS, CALIFORNIA, AMENDING THE COMPENSATION

PLAN BY INCREASING THE RANGE OF THE ADMINISTRATIVE INTERN I,

ADMINISTRATIVE INTERN II, INSTRUCTOR, OFFICE ASSISTANT,

RECREATION LEADER I, RECREATION LEADER II, RECREATION

SPECIALIST, AND SENIOR PROGRAM INSTRUCTOR, IN COMPLIANCE WITH THE 2024 CALIFORNIA MINIMUM WAGE INCREASE TO $16.00 PER HOUR, EFFECTIVE DECEMBER 23, 2023

10. Adopt Resolution No. 23-2051; A RESOLUTION OF THE CITY COUNCIL OF THE

CITY OF AGOURA HILLS, CALIFORNIA, APPROVING THE EMPLOYEE

HANDBOOK AS AMENDED

11. Adopt Ordinance No. 23-474; AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF AGOURA HILLS, CALIFORNIA, ADDING CHAPTER 12 (ELECTRONIC

FILING OF CAMPAIGN DISCLOSURE STATEMENTS AND STATEMENTS OF

ECONOMIC INTERESTS) TO ARTICLE II (ADMINISTRATION) OF THE AGOURA

HILLS MUNICIPAL CODE

PUBLIC HEARING / ORDINANCE

12. Conduct a Public Hearing, Waive Full Reading, and Introduce Ordinance No. 23- 475; AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF AGOURA HILLS, CALIFORNIA, AMENDING SECTION 9673.2 OF ARTICLE IX (ZONING) OF THE

AGOURA HILLS MUNICIPAL CODE TO REQUIRE ISSUANCE OF A

CONDITIONAL USE PERMIT WITHIN A SPECIFIED TIME PERIOD IF

DELINEATED FINDINGS CAN BE MADE AND CODIFYING FACTORS TO BE

UTILIZED IN CONSIDERING REQUIRED FINDINGS, AND MAKING A

DETERMINATION OF EXEMPTION UNDER THE CALIFORNIA

ENVIRONMENTAL QUALITY ACT
Mayor Buckley Weber opened the Public Hearing at 6:14 p.m.

Following presentation of the staff report, Mayor Buckley Weber opened the floor for public comments.

There being no public comments or further questions of staff, Mayor Buckley Weber closed the Public Hearing at 6:22 p.m.

Following deliberations, Mayor Buckley Weber called for a motion and second to approve the staff recommendation to waive full reading and introduce Ordinance No. 23-475.

City Council Regular Meeting Minutes
Wednesday, December 13, 2023

ACTION: Councilmember Lopez moved to approve the staff recommendation.

Councilmember Wolf seconded. The motion carried 5-0, by the following roll call vote:

AYES: Mayor Buckley Weber, Mayor Pro Tem Sylvester, and Councilmembers Anstead, Lopez, and Wolf.

NOES: None.

ABSTAIN: None.

ABSENT: None.

COUNCIL, STAFF COMMENTS
Community Development Director Thomas announced the retirement of Principal Planner Jessica Cleavenger and the promotion of Senior Planner Robby Nesovic to the position.

Mayor Buckley Weber congratulated Principal Planner Nesovic on his appointment and Mayor Pro Tem Sylvester welcomed all the new staff members.

Each member of the City Council wished everyone a safe and happy holiday and thanked staff and the City Attorney for all their work over the past year.

Councilmember Lopez spoke about attending the Holiday Boutique at the Event Center and the Hanukkah Lighting by the Chabad at City Hall.

ADJOURNMENT
Mayor Buckley Weber announced the Regular Meeting of the City Council for December 27, 2023, was canceled and the next Regular City Council Meeting would be held at 6:00 p.m., on Wednesday, January 10, 2024, in the Council Chambers of the Civic Center.

ACTION: At 6:32 p.m., Mayor Pro Tem Sylvester moved to adjourn the meeting. Councilmember Lopez seconded. The motion carried 5-0, by the following roll call vote:

AYES: Mayor Buckley Weber, Mayor Pro Tem Sylvester, and Councilmembers Anstead, Lopez, and Wolf.

NOES: None.

ABSTAIN: None.

ABSENT: None.

The Regular Meeting of the City Council for December 27, 2023, has been canceled.

The next Regular City Council Meeting is scheduled for January 10, 2024.

City Council Regular Meeting Minutes
Wednesday, December 13, 2023

Kimberly M. Rodrigues, MPPA, MMC
City Clerk

REPORT TO CITY COUNCIL
DATE: JANUARY 10, 2024
TO: HONORABLE MAYOR AND MEMBERS OF THE CITY COUNCIL
FROM: NATHAN HAMBURGER, CITY MANAGER
BY: DIEGO IBANEZ, DIRECTOR OF FINANCE

BRENDA CHO, FINANCE MANAGER
SUBJECT: RECEIVE AND FILE THE CITY OF AGOURA HILLS ANNUAL

COMPREHENSIVE FINANCIAL REPORT FOR THE YEAR ENDED JUNE
30, 2023
The City’s independent auditors from the firm of Lance, Soll & Lunghard, LLP (LSL) performed the citywide annual audit. LSL has issued an unmodified opinion indicating that the City’s financial statements are accurate and reliable as of June 30, 2023. All reports and letters have been attached for your review.

The Finance Subcommittee met prior to the meeting to review the information with the auditors. The reports are presented to the City Council as a receive and file item and no further action is required.

FISCAL IMPACT
There is no fiscal impact.

RECOMMENDATION
Staff respectfully recommends the City Council to receive and file the 2022-23 Annual Comprehensive Financial Report.

Attachment: 2022-23 Annual Comprehensive Financial Report

1611 E. Fourth Street, Suite 200
Santa Ana, CA 92701
(714) 569-1000
203 N. Brea Blvd, Suite 203
Brea, CA 92821
(714) 672-0022
21 Waterway Avenue, Suite 30089
The Woodlands, TX 77380
(936) 828-4587
2151 River Plaza Dr., Suite 150
Sacramento, CA 95833
(916) 503-9691
24422 Avenida de la Carlota, Suite 275
Laguna Hills, CA 92653
(949) 829-8299
www.lslcpas.com
December 13, 2023
To the Honorable Mayor and Members of the City Council
City of Agoura Hills, California
We have audited the financial statements of the governmental activities, each major fund, and the aggregate remaining fund information of the City of Agoura Hills, California (the “City”) for the year ended June 30, 2023.

Professional standards require that we provide you with information about our responsibilities under generally accepted auditing standards and Government Auditing Standards, as well as certain information related to the planned scope and timing of our audit. We have communicated such information in our letter to you dated April 28, 2023. Professional standards also require that we communicate to you the following information related to our audit.

Significant Audit Matters
Qualitative Aspects of Accounting Practices
Management is responsible for the selection and use of appropriate accounting policies. The significant accounting policies used by the City are described in Note 1 to the financial statements. No new accounting policies were adopted and the application of existing policies was not changed during the fiscal year ended June 30, 2023. We noted no transactions entered into by the City during the year for which there is a lack of authoritative guidance or consensus. All significant transactions have been recognized in the financial statements in the proper period.

Accounting estimates are an integral part of the financial statements prepared by management and are based on management’s knowledge and experience about past and current events and assumptions about future events.

Certain accounting estimates are particularly sensitive because of their significance to the financial statements and because of the possibility that future events affecting them may differ significantly from those expected. The most sensitive estimates affecting the City’s financial statements were:

Management’s estimates of the net pension liability and net other postemployment benefits liability based on actuarial valuation estimates. We evaluated the methods, assumptions, and data used to develop the actuarial valuation estimates in determining that they are reasonable in relation to the financial statements taken as a whole.

The financial statement disclosures are neutral, consistent, and clear.

Difficulties Encountered in Performing the Audit
We encountered no significant difficulties in dealing with management in performing and completing our audit.

Corrected and Uncorrected Misstatements
Professional standards require us to accumulate all known and likely misstatements identified during the audit, other than those that are clearly trivial, and communicate them to the appropriate level of management. We are pleased to report that no such misstatements were identified during the course of our audit.

To the Honorable Mayor and Members of the City Council
City of Agoura Hills, California
Disagreements with Management
For purposes of this letter, a disagreement with management is a financial accounting, reporting, or auditing matter, whether or not resolved to our satisfaction, that could be significant to the financial statements or the auditor’s report. We are pleased to report that no such disagreements arose during the course of our audit.

Management Representations
We have requested certain representations from management that are included in the management representation letter dated December 13, 2023.

Management Consultations with Other Independent Accountants In some cases, management may decide to consult with other accountants about auditing and accounting matters, similar to obtaining a “second opinion” on certain situations. If a consultation involves application of an accounting principle to the City’s financial statements or a determination of the type of auditor’s opinion that may be expressed on those statements, our professional standards require the consulting accountant to check with us to determine that the consultant has all the relevant facts. To our knowledge, there were no such consultations with other accountants.

Other Audit Findings or Issues
We generally discuss a variety of matters, including the application of accounting principles and auditing standards, with management each year prior to retention as the City’s auditors. However, these discussions occurred in the normal course of our professional relationship and our responses were not a condition to our retention.

Other Matters
We applied certain limited procedures to management’s discussion and analysis, the budgetary comparison schedules for the General Fund and the Housing Successor Agency fund, and the required pension and other postemployment benefits schedules, which are required supplementary information (RSI) that supplements the basic financial statements. Our procedures consisted of inquiries of management regarding the methods of preparing the information and comparing the information for consistency with management’s responses to our inquiries, the basic financial statements, and other knowledge we obtained during our audit of the basic financial statements. We did not audit the RSI and do not express an opinion or provide any assurance on the RSI.

We were engaged to report on the combining and individual fund financial statements and schedules which accompany the financial statements but are not RSI. With respect to this supplementary information, we made certain inquiries of management and evaluated the form, content, and methods of preparing the information to determine that the information complies with accounting principles generally accepted in the United States of America, the method of preparing it has not changed from the prior period, and the information is appropriate and complete in relation to our audit of the financial statements. We compared and reconciled the supplementary information to the underlying accounting records used to prepare the financial statements or to the financial statements themselves.

We were not engaged to report on other information included in the annual report which is comprised of the introductory and statistical sections, which accompany the financial statements but are not RSI. Such information has not been subjected to the auditing procedures applied in the audit of the basic financial statements, and accordingly, we do not express an opinion or provide any assurance on it.

To the Honorable Mayor and Members of the City Council
City of Agoura Hills, California
Future GASB Pronouncements
The following Government Accounting Standards Board (GASB) pronouncements will be effective for the following fiscal years’ audits and should be reviewed for proper implementation by management:

Fiscal Year 2023-2024
GASB Statement No. 99, Omnibus 2022.

Fiscal Year 2024-2025
GASB Statement No. 101, Compensated Absences.

Future Projects
Comprehensive Project, Financial Reporting Model.

Comprehensive Project, Revenue and Expense Recognition.

Major Project, Going Concern Uncertainties and Severe Financial Stress.

Major Project, Infrastructure Assets.

Practice Issue, Classification of Nonfinancial Assets.

Practice Issue, Risks and Uncertainties Disclosures.

Pre-Agenda Research Activities, Subsequent Events.

Restriction on Use
This information is intended solely for the information and use of City Council and management of the City and is not intended to be, and should not be, used by anyone other than these specified parties.

Very truly yours,
Brea, California
1611 E. Fourth Street, Suite 200
Santa Ana, CA 92701
(714) 569-1000
203 N. Brea Blvd, Suite 203
Brea, CA 92821
(714) 672-0022
21 Waterway Avenue, Suite 30089
The Woodlands, TX 77380
(936) 828-4587
2151 River Plaza Dr., Suite 150
Sacramento, CA 95833
(916) 503-9691
24422 Avenida de la Carlota, Suite 275
Laguna Hills, CA 92653
(949) 829-8299
www.lslcpas.com
INDEPENDENT AUDITOR’S REPORT ON INTERNAL CONTROL OVER FINANCIAL REPORTING AND ON

COMPLIANCE AND OTHER MATTERS BASED ON AN AUDIT OF FINANCIAL STATEMENTS PERFORMED IN

ACCORDANCE WITH GOVERNMENT AUDITING STANDARDS
To the Honorable Mayor and Members of the City Council
City of Agoura Hills, California
We have audited, in accordance with the auditing standards generally accepted in the United States of America and the standards applicable to financial audits contained in Government Auditing Standards issued by the Comptroller General of the United States, the financial statements of the governmental activities, each major fund, and the aggregate remaining fund information of the City of Agoura Hills, California (the “City”), as of and for the year ended June 30, 2023, and the related notes to the financial statements, which collectively comprise the City’s basic financial statements, and have issued our report thereon dated December 13, 2023.

Report on Internal Control over Financial Reporting
In planning and performing our audit of the financial statements, we considered the City’s internal control over financial reporting (internal control) as a basis for designing audit procedures that are appropriate in the circumstances for the purpose of expressing our opinions on the financial statements, but not for the purpose of expressing an opinion on the effectiveness of the City’s internal control. Accordingly, we do not express an opinion on the effectiveness of the City’s internal control.

A deficiency in internal control exists when the design or operation of a control does not allow management or employees, in the normal course of performing their assigned functions, to prevent, or detect and correct, misstatements, on a timely basis. A material weakness is a deficiency, or a combination of deficiencies, in internal control, such that there is a reasonable possibility that a material misstatement of the entity’s financial statements will not be prevented, or detected and corrected, on a timely basis. A significant deficiency is a deficiency, or a combination of deficiencies, in internal control that is less severe than a material weakness, yet important enough to merit attention by those charged with governance.

Our consideration of internal control was for the limited purpose described in the first paragraph of this section and was not designed to identify all deficiencies in internal control that might be material weaknesses or, significant deficiencies. Given these limitations, during our audit we did not identify any deficiencies in internal control that we consider to be material weaknesses. However, material weaknesses or significant deficiencies may exist that were not identified.

Report on Compliance and Other Matters
As part of obtaining reasonable assurance about whether the City’s financial statements are free from material misstatement, we performed tests of its compliance with certain provisions of laws, regulations, contracts, and grant agreements, noncompliance with which could have a direct and material effect on the financial statements.

However, providing an opinion on compliance with those provisions was not an objective of our audit, and accordingly, we do not express such an opinion. The results of our tests disclosed no instances of noncompliance or other matters that are required to be reported under Government Auditing Standards.

To the Honorable Mayor and Members of the City Council
City of Agoura Hills, California
Purpose of This Report
The purpose of this report is solely to describe the scope of our testing of internal control and compliance and the results of that testing, and not to provide an opinion on the effectiveness of the City’s internal control or on compliance. This report is an integral part of an audit performed in accordance with Government Auditing Standards in considering the City’s internal control and compliance. Accordingly, this communication is not suitable for any other purpose.

Brea, California
December 13, 2023

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Honorable Mayor and Members of the City Council
Citizens of the City of Agoura Hills, California
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18 CITY OF AGOURA HILLS
Statement of Net Position
Governmental
Activities
ASSETS
Cash and investments $ 20,534,577
Receivables (net of uncollectibles):

Accounts 4,121,346
Accrued interest 168,524
Due from other governments 3,002,174
Leases 269,720
Investment in joint venture 1,820,035
Restricted assets:

Cash with fiscal agent 243,842
Advances to Successor Agency, net of allowances 25,477,462 Prepaid costs 85,199
Capital assets (not being depreciated) 48,417,099
Capital assets (net of accumulated depreciation) 98,222,020 Total assets 202,361,998

DEFERRED OUTFLOWS OF RESOURCES
Deferred amount on refunding 335,464
Pension-related 3,338,412
OPEB-related 562,583
Total deferred outflows of resources 4,236,459

LIABILITIES
Accounts payable 1,868,639
Accrued liabilities 23,905
Accrued interest 93,437
Deposits payable 972,927
Noncurrent liabilities:

Due within one year: bonds, notes,
and compensated absences 774,221
Due in more than one year:

Net pension liability 6,636,241
Net OPEB liability 421,634
Bonds, notes, and
compensated absences 11,635,242
Total liabilities 22,426,246

DEFERRED INFLOWS OF RESOURCES
Pension-related 497,305
OPEB-related 526,725
Total deferred inflows of resources 1,024,030

NET POSITION
Net investment in capital assets 135,086,093
Restricted:

Parks and recreation 779,629
Public works 292,037
Capital projects 68,932
Debt service 894,058
Grants programs 130,098
Transportation services 2,135,684
Unrestricted 43,761,650
Total net position $ 183,148,181
June 30, 2023
See accompanying notes to financial statements.
19 7+,63$*(,17(17,21$//</()7%/$1.
20 CITY OF AGOURA HILLS
Statement of Activities
For the Year Ended June 30, 2023
Operating Capital
Charges for Contributions Contributions Governmental
Expenses Services and Grants and Grants Activities
Functions/Programs:

Primary government:

Governmental activities:

General government $ 6,592,414 $ 156,510 $ 9,541,955 $ - $ 3,106,051 Public safety 5,480,381 1,108,362 165,271 - (4,206,748) Community development 2,356,568 226,904 - - (2,129,664) Community services 3,109,429 317,686 - - (2,791,743)
Public works 5,134,207 238,487 1,721,652 1,176,815 (1,997,253) Interest on long-term debt 530,897 - - - (530,897)
Total governmental activities 23,203,896 $ 2,047,949 $ 11,428,878 $ 1,176,815 $ (8,550,254) $ General revenues:

Property taxes 6,554,679
Sales taxes 5,167,372
Transient occupancy taxes 3,512,964
Franchise taxes 964,574
Use of money and property 1,508,148
Other 279,761
Total general revenues 17,987,498
Change in net position 9,437,244
Net position-beginning, as restated 173,710,937
Net position-ending $ 183,148,181
Program Revenues
Net (Expenses)
Revenues and
Changes in
Net Position
See accompanying notes to financial statements.
21 CITY OF AGOURA HILLS
Balance Sheet
Governmental Funds
June 30, 2023
General
ASSETS
Cash and investments $ 12,004,415 $ 886,229 $ 19,806
Receivables (net of allowance for uncollectible):

Accounts 1,068,715 - 2,351,555
Accrued interest 94,569 7,829 292
Due from other governments 1,368,932 - 71,471
Loans 72,431 - -
Due from other funds 2,637,323 - -
Prepaid costs 85,199 - -
Restricted assets:

Cash and investments with fiscal agents - - -
Advances to successor agency 25,477,462 - -
Total assets $ 42,736,615 $ 966,489 $ 2,443,124

LIABILITIES
Accounts payable $ 1,507,231 $ - $ -
Accrued liabilities 23,905 - -
Deposits payable 955,319 - -
Due to other funds - - 2,320,396
Total liabilities 2,486,455 2,320,396 -

DEFERRED INFLOWS OF RESOURCES
Unavailable revenues 394,953 72,431 2,423,008
Total deferred inflows of resources 394,953 72,431 2,423,008

FUND BALANCES (DEFICITS)
Nonspendable 25,562,661 - -
Restricted 894,058 - -
Committed 729,017 - -
Assigned - - -
Unassigned 13,563,529 - (2,300,280)
Total fund balances (deficits) 39,855,207 894,058 (2,300,280) Total liabilities, deferred inflows of resources,
and fund balances (deficits) $ 42,736,615 $ 966,489 $ 2,443,124 Measure R
Housing
Successor
Agency
Capital
Projects
Funds
Special
Revenue Fund
See accompanying notes to financial statements.
22 CITY OF AGOURA HILLS
Balance Sheet
Governmental Funds
June 30, 2023
ASSETS
Cash and investments
Receivables (net of allowance for uncollectible):

Accounts
Accrued interest
Due from other governments
Loans
Due from other funds
Prepaid costs
Restricted assets:

Cash and investments with fiscal agents
Advances to successor agency
Total assets

LIABILITIES
Accounts payable
Accrued liabilities
Deposits payable
Due to other funds
Total liabilities

DEFERRED INFLOWS OF RESOURCES
Unavailable revenues
Total deferred inflows of resources

FUND BALANCES (DEFICITS)
Nonspendable
Restricted
Committed
Assigned
Unassigned
Total fund balances (deficits)
Total liabilities, deferred inflows of resources,
and fund balances (deficits)
Total Total
Nonmajor Governmental
Funds Funds
$ 7,624,127 - $ $ 20,534,577
421,722 279,354 4,121,346
- 65,834 168,524
286,838 1,274,933 3,002,174
197,289 - 269,720
963,763 - 3,601,086
- - 85,199
243,842 - 243,842
- - 25,477,462
$ 10,649,142 708,560 $ 57,503,930 $
$ 25,876 $ 335,532 $ 1,868,639
- - 23,905
- 17,608 972,927
669,751 610,939 3,601,086
964,079 695,627 6,466,557
680,990 1,345,326 4,916,708
1,345,326 680,990 4,916,708
- - 25,562,661
3,406,380 - 4,300,438
5,231,184 - 5,960,201
1 - ,126 1,126
(668,057) (298,953) 10,296,239
8,339,737 (668,057) 46,120,665
$ 10,649,142 708,560 $ 57,503,930 $
Measure M
Capital
Projects Fund
Capital
Projects
Funds
See accompanying notes to financial statements.
23 7+,63$*(,17(17,21$//</()7%/$1.
24 Reconciliation of the Balance Sheet of Governmental Funds to the Statement of Net Position
June 30, 2023
Amounts reported for governmental activities in the Statement of Net Position are different because:

Total fund balances - governmental funds $ 46,120,665
146,639,119
Deferred outflows-pension related 3,338,412 $
Deferred outflows-OPEB related 562,583
Deferred inflows-pension related (497,305)
Deferred inflows-OPEB related (526,725)
Total deferred outflows and inflows related to postemployment benefits 2,876,965 Investment in Joint Venture 1,820,035
Miscellaneous revenues 4,916,708
Total other long-term assets 6,736,743
Bonds payable (11,310,000)
Compensated absences (520,973)
Accrued interest payable on long-term debt (93,437)
Net pension liability (6,636,241)
Net OPEB liability (421,634)
Total long-term liabilities (18,982,285)
Deferred amount on refunding 335,464
Bond premiums (578,490)
Total premiums, discounts, and deferred items (243,026) Net position of governmental activities $ 183,148,181
Long-term liabilities that are not due and payable in the current period, and therefore, are not reported in the funds.

Governmental funds report the effect of premiums, discounts, and refundings and similar items when debt is first issued, whereas, these amounts are deferred and amortized in the Statement of Activities.

CITY OF AGOURA HILLS
Capital assets, net of accumulated depreciation/amortization, used in governmental activities are not financial resources and, therefore, are not reported in the funds.

Differences between expected and actual experiences, assumption changes and net differences between projected and actual earnings, and contributions subsequent to the measurement date for the postretirement benefits (pension and OPEB) are recognized as deferred outflows of resources and deferred inflows of resources on the Statement of Net Position.

Other long-term assets that are not available to pay for current period expenditures and, therefore, are either labeled unavailable or not reported in the funds.

See accompanying notes to financial statements.
25 CITY OF AGOURA HILLS
Statement of Revenues, Expenditures, and Changes in Fund Balances Governmental Funds
For the Year Ended June 30, 2023
General

REVENUES
Taxes $ 16,163,128 $ - $ -
Licenses and permits 790,556 - -
Intergovernmental - - 864,285
Charges for services 1,066,162 - -
Use of money and property 1,024,449 22,537 857
Fines and forfeitures 45,574 - -
Contributions 36,789 - -
Miscellaneous 279,761 - -
Total revenues 19,406,419 22,537 865,142

EXPENDITURES
Current:

General government 6,017,099 27,684 14,510
Public safety 5,109,266 - -
Community development 2,282,015 32,446 -
Community services 3,047,204 - -
Public works 1,655,114 - 28,082
Capital outlay 194,788 - 58,606
Debt service:

Principal - - -
Interest and fiscal charges - - -
Total expenditures 18,305,486 60,130 101,198
Excess (deficiency) of revenues
over (under) expenditures 1,100,933 (37,593) 763,944

OTHER FINANCING SOURCES (USES)
Transfers in 134,231 - -
Transfers out (1,363,005) - -
Total other financing sources (uses) (1,363,005) 134,231 - Net change in fund balances (262,072) 96,638 763,944
Fund balances (deficit) - as restated 797,420 40,117,279 (3,064,224) Fund balances (deficit)-ending $ 39,855,207 $ 894,058 $ (2,300,280) Special
Revenue Fund
Measure R
Housing
Successor
Agency
Capital
Projects Fund
See accompanying notes to financial statements.
26 CITY OF AGOURA HILLS
Statement of Revenues, Expenditures, and Changes in Fund Balances Governmental Funds
For the Year Ended June 30, 2023

REVENUES
Taxes
Licenses and permits
Intergovernmental
Charges for services
Use of money and property
Fines and forfeitures
Contributions
Miscellaneous
Total revenues

EXPENDITURES
Current:

General government
Public safety
Community development
Community services
Public works
Capital outlay
Debt service:

Principal
Interest and fiscal charges
Total expenditures
Excess (deficiency) of revenues
over (under) expenditures

OTHER FINANCING SOURCES (USES)
Transfers in
Transfers out
Total other financing sources (uses)
Net change in fund balances
Fund balances (deficit) - as restated
Fund balances (deficit)-ending
Total Total
Nonmajor Governmental
Funds Funds
$ 36,461 - $ $ 16,199,589
- - 790,556
5,625,064 95,629 6,584,978
73,669 - 1,139,831
183,733 - 1,231,576
59,935 - 105,509
- 31,877 68,666
- - 279,761
6,010,739 95,629 26,400,466
164,631 14,040 6,237,964
363,207 - 5,472,473
104,651 - 2,419,112
92,428 - 3,139,632
2,066,401 27,667 3,777,264
2,438,478 233,608 2,925,480
380,000 - 380,000
528,325 - 528,325
6,138,121 275,315 24,880,250
(127,382) (179,686) 1,520,216
1,228,774 - 1,363,005
- - (1,363,005)
1,228,774 - -
1,101,392 (179,686) 1,520,216
7,238,345 (488,371) 44,600,449
$ 8,339,737 (668,057) $ 46,120,665 $
Measure M
Capital
Projects Fund
Capital
Projects Fund
See accompanying notes to financial statements.
27 Reconciliation of the Statement of Revenues, Expenses and Changes in Fund Balances of Governmental Funds to the Statement of Activities For the Year Ended June 30, 2023
Amounts reported for governmental activities in the Statement of Activities are different because:

Net change in fund balances - total governmental funds: $ 1,520,216 Capital outlay $ 3,162,068
Depreciation/amortization expense (2,171,782)
Total adjustment 990,286
Investment in joint venture 276,572
Earned but unavailable grant revenues (630,518)
Earned but unavailable other revenues (690,380)
Total adjustment (1,044,326)
Donations of capital assets 7,285,000
Total adjustment 7,285,000
Amortization of bond premiums and discounts 40,109
Amortization of deferred amounts on refunding (17,656)
Principal payments 380,000
Total adjustment 402,453
Accrued interest on long-term debt (2,572)
Compensated absences (25,470)
Changes in pension liabilities and related deferred outflows and inflows of resources 230,790 Changes in OPEB liabilities and related deferred outflows and inflows of resources 80,867 Total adjustment 283,615
Change in net position of governmental activities $ 9,437,244 Some expenses reported in the Statement of Activities do not require the use of current financial resources and, therefore, are not reported as expenditures in the governmental funds.

CITY OF AGOURA HILLS
Governmental funds report capital outlays are expenditures. However, in the Statement of Activities, the cost of these assets is allocated over their estimated useful lives and reported as depreciation/amortization expense. This is the amount by which capital outlays exceeded depreciation/amortization expense in the current period.

Revenues in the Statement of Activities that do not provide current financial resources are not reported as revenues in the funds.

The net effect of various miscellaneous transactions involving capital assets (i.e., sales, trade-ins, and donations) is to increase/(decrease) net position.

Bond and other debt proceeds provide current financial resources to governmental funds, but issuing debt increases long-term liabilities in the Statement of Net Position.

Repayment of bond and other debt principal is an expenditure in the governmental funds, but repayment reduces long-term liabilities in the Statement of Net Position. Also, governmental funds report the effect of premiums, discounts, and similar items when debt is first issued, whereas these amounts are deferred and amortized in the Statement of Activities.

See accompanying notes to financial statements.
28 Redevelopment
Successor
Agency Custodial Fund
ASSETS
Cash and cash equivalents $ 918,259 $ 2,300,385
Restricted cash and investments with fiscal agents 673,674 - Receivables:

Accounts - 233,723
Accrued interest 290 -
Total assets 2,534,108 1,592,223

LIABILITIES
Accounts payable - 234,599
Accrued interest 99,716 -
Advance from the City of Agoura Hills 25,477,462 -
Long-term liabilities:

Due in one year 150,000 -
Due in more than one year 5,470,000 -
Total liabilities 234,599 31,197,178

NET POSITION
Restricted for:

Restricted for individuals, organizations, and other governments (29,604,955) 2,299,509 Total net position $ 2,299,509 (29,604,955) $

CITY OF AGOURA HILLS
Statement of Fiduciary Net Position
Fiduciary Funds
June 30, 2023
Private-Purpose
Trust Fund
See accompanying notes to financial statements.
29 Redevelopment
Successor
Agency Custodial Fund

ADDITIONS
Investment earnings:

Interest $ 920 $ -
Total investment earnings 920 -
Taxes 1,547,377 -
Collected for other governments - 4,320,256
Miscellaneous - 571,900
Total additions 4,892,156 1,548,297

DEDUCTIONS
Administrative expenses 193,809 5,857
Contractual services 1,892 2,081,153
Interest expense 774,861 -
Pass through to other governments - 579,860
Total deductions 2,666,870 970,562
Net increase (decrease) in fiduciary net position 577,735 2,225,286 Net position-beginning (30,182,690) 74,223
Net position-ending $ 2,299,509 (29,604,955) $

CITY OF AGOURA HILLS
Statement of Changes in Fiduciary Net Position
Fiduciary Funds
For the Year Ended June 30, 2023
Private-Purpose
Trust Fund
See accompanying notes to financial statements.
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60 5(48,5('6833/(0(17$5<,1)250$7,21
61 7+,63$*(,17(17,21$//</()7%/$1.
62 Variance with
Final Budget
Budget Amounts Actual Positive
Original Final Amounts (Negative)

REVENUES
Taxes $ 15,994,437 $ 16,443,770 $ 16,163,128 $ (280,642) Licenses and permits 523,000 623,000 790,556 167,556
Charges for services 955,800 956,400 1,066,162 109,762
Use of money and property 453,000 587,000 1,011,700 424,700 Fines and forfeitures 64,000 45,000 45,574 574
Contributions 36,500 36,500 36,789 289
Miscellaneous 810,157 847,657 279,761 (567,896)
Total revenues 18,836,894 19,539,327 19,393,670 (145,657)

EXPENDITURES
Current:

General government
City Council 198,377 145,161 139,605 5,556
City Manager 1,686,086 1,673,777 1,708,567 (34,790)
City Clerk 336,254 342,368 276,023 66,345
City Attorney 297,465 797,000 796,197 803
Finance 631,756 741,750 694,134 47,616
Public Facilities 331,000 437,000 383,308 53,692
Non-Departmental 1,563,982 1,551,982 1,431,592 120,390
Automated Office System 393,825 363,825 365,673 (1,848) Public safety
Los Angeles County Sheriff 4,776,179 4,776,079 4,762,673 13,406 Emergency Services 13,000 14,100 12,191 1,909
Animal Control 120,000 73,000 86,048 (13,048)
School Crossing Guards - 50,000 49,556 444
Emergency Incident 287,000 - 198,798 88,202
Community development
Community Development 1,655,704 1,441,036 1,520,206 (79,170) Building & Safety 684,760 763,860 761,809 2,051
Parks and recreation
Recreation 454,740 383,440 331,761 51,679
Reyes Adobe 29,140 21,640 21,151 489
Recreation Center 411,884 428,884 458,365 (29,481)
Community Services 1,613,046 1,614,836 1,619,231 (4,395) Parks Maintenance 704,000 625,000 616,696 8,304
Public works
Public Works 1,047,226 1,285,734 1,155,189 130,545
Traffic Safety 55,000 65,000 43,519 21,481
Landscape Maintenance 182,000 152,000 162,267 (10,267)
Storm Drain & Flood Control 301,800 238,700 294,139 (55,439) Capital outlay 261,200 234,200 194,788 39,412
Total expenditures 17,748,424 18,507,372 18,083,486 423,886 Excess (deficiency) of revenues over (under) expenditures 1,088, 1,031,955 470 1,310,184 278,229

OTHER FINANCING SOURCES (USES)
Transfers out (1,056,005) (1,147,505) (1,363,005) (215,500) Total other financing sources (uses) (1,147,505) (1,056,005) (1,363,005) (215,500) Net change in fund balance $ 32,465 $ (115,550) (52,821) $ 62,729 Fund balance-beginning, as restated 39,512,281
Fund balance-ending $ 39,459,460

CITY OF AGOURA HILLS
General Fund
Schedule of Revenues, Expenditures, and Changes in
Fund Balance - Budget and Actual
For the Year Ended June 30, 2023
See Notes to Required Supplementary Information.
63 7+,63$*(,17(17,21$//</()7%/$1.
64 Variance with
Final Budget
Budget Amounts Actual Positive
Original Final Amounts (Negative)

REVENUES
Use of money and property $ 10,000 10,000 $ 22,537 $ $ 12,537 Total revenues 10,000 10,000 22,537 12,537

EXPENDITURES
Current:

General government 19,142 19,142 27,684 (8,542)
Community development 242,293 32,293 32,446 (153)
Total expenditures 261,435 51,435 60,130 (8,695)
Excess (deficiency) of revenues
over (under) expenditures (251,435) (41,435) (37,593) 3,842

OTHER FINANCING SOURCES (USES)
Transfers in 134,231 147,980 134,231 -
Total other financing sources (uses) 147,980 134,231 134,231 - Net change in fund balance $ (103,455) $ 92,796 96,638 $ 3,842 Fund balance-beginning 797,420
Fund balance-ending $ 894,058

CITY OF AGOURA HILLS
Housing Successor Agency
Schedule of Revenues, Expenditures, and Changes in
Fund Balance - Budget and Actual
For the Year Ended June 30, 2023
See Notes to Required Supplementary Information.
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67 CITY OF AGOURA HILLS
Schedule of Changes in Net OPEB Liability and Related Ratios As of June 30, for the Last Ten Fiscal Years 1
2023 2022 2021
Measurement Date 6/30/2022 6/30/2021 6/30/2020

TOTAL OPEB LIABILITY
Service cost $ 123,154 121,398 $ $ 120,459
Interest on total pension liability 194,591 178,384 180,971 Changes of assumptions 223,632 - (23,322)
Difference between expected and actual experience (479,837) - - Benefit payments, including refunds of employee
contributions (90,639) (86,301) (71,745)
Net change in total OPEB liability 209,143 (24,761) 206,363 Total OPEB liability-beginning (2,802,824) 2,778,063 2,596,461 Total OPEB liability-ending (a) 2,987,206 2,778,063 2,802,824

PLAN FIDUCIARY NET POSITION
Contributions-employer 195,142 181,331 219,000
Net investment income (414,086) 622,558 74,350
Benefit payments, including refunds of employee
contributions (90,639) (86,301) (71,745)
Administrative expense (1,459) (1,402) (1,516)
Net change in fiduciary net position (324,796) 729,940 220,089 Plan fiduciary net position-beginning 2,160,428 2,890,368 1,940,339 Plan fiduciary net position-ending (b) 2,565,572 2,890,368 2,160,428 Net OPEB liability/(asset) (a) - (b) $ 421,634 $ (112,305) $ 642,396 Plan fiduciary net position as a percentage of the
total OPEB liability 85.9% 104.0% 77.1%
Covered-employee payroll $ 3,371,342 3,401,850 $ $ 3,823,238 Plan net OPEB liability/(asset) as a percentage of
covered-employee payroll 12.4% -3.3% 16.8%
Notes to Schedule of Changes in the Net OPEB Liability and Related Ratios:
1 Fiscal year 2018 was the first year of GASB Statement No. 75 implementation; therefore only six years are shown.

Benefit Changes : None
Changes of Assumptions : None
68 2020 2019 2018
6/30/2019 6/30/2018 6/30/2017
111,530 $ 108,282 $ 105,000
186,801 171,706 157,000
- 55,287 -
- (381,914) -
(62,265) (56,966) (56,000)
223,022 (90,561) 206,000
2,687,022 2,464,000 2,258,000
2,687,022 2,596,461 2,464,000
208,093 197,000 175,000
113,860 124,567 135,000
(62,265) (56,966) (56,000)
(798) (3,152) (1,000)
261,449 258,890 253,000
1,681,449 1,420,000 1,167,000
1,681,449 1,940,339 1,420,000
$ 1,005,573 656,122 $ 1,044,000 $

74.7% 62.6% 57.6%
$ 3,512,954 $ 3,370,827 $ 3,197,648

18.7% 29.8% 32.6%
69 CITY OF AGOURA HILLS
Schedules of Plan Contributions
As of June 30, for the Last Ten Fiscal Years 1
Covered/ Contribution as a
Fiscal Year Actuarially Actual Contribution Covered- % of Covered/ Ending Determined Employer Deficiency Employee Covered Employee June 30, Contribution Contributions (Excess) Payroll Payroll 2023 $ 856,676 $ 881,676 $ (25,000) $ 4,329,754 20.4%
2022 742,201 742,201 - 3,699,344 20.1%
2021 670,392 670,392 - 3,371,342 19.9%
2020 633,776 633,776 - 3,823,238 16.6%
2019 525,812 525,812 - 3,512,954 15.0%
2018 443,161 443,161 - 3,370,827 13.1%
2017 392,645 392,645 - 3,197,648 12.3%
2016 350,597 350,597 - 3,109,153 11.3%
2015 338,101 338,101 - 3,104,821 10.9%
Notes to Schedule of Plan Contributions:

Valuation Date: June 30, 2020
Methods and assumptions used to determine contribution rates:

Actuarial cost method: Entry Age Normal
Amortization method: For details, see June 30, 2020 Funding Valuation Report available on CalPERS' website.

Remaining amortization period: For details, see June 30, 2020 Funding Valuation Report available on CalPERS' website.

Inflation: 2.5%
Salary Increases: Varies by entry age and service
Investment rate of return: 7.0%
Cost of Living Adjustments: 2.0%
Retirement age: Based on the 2017 CalPERS Experience Study for the period 1997-2015 2023 $ 141,843 $ 147,419 $ (5,576) $ 4,000,146 3.7%
2022 181,331 181,331 - 3,401,850 5.3%
2021 176,760 195,142 (18,382) 3,371,342 5.8%
2020 201,000 219,000 (18,000) 3,823,238 5.7%
2019 195,000 208,093 (13,093) 3,512,954 5.9%
2018 189,000 197,000 (8,000) 3,370,827 5.8%
Notes to Schedule of Plan Contributions:

Valuation Date: June 30, 2021
Methods and assumptions used to determine contribution rates:

Actuarial cost method: Entry Age Normal
Amortization method: For details, see June 30, 2021 Funding Valuation Report available on CalPERS' website.

Remaining amortization period: For details, see June 30, 2021 Funding Valuation Report available on CalPERS' website.

Inflation: 2.5%
Salary Increases: Varies by entry age and service
Investment rate of return: 6.25%
Cost of Living Adjustments: 2.0%
Retirement age: Based on the 2017 CalPERS Experience Study for the period 1997-2015 1 Historical information is required only for the measurement periods for which GASB 75 is applicable. Fiscal Year 2018 was the first year of implementation. Future years' information will be displayed up to 10 years as information becomes available. 1 Historical information is required only for measurement for which GASB 68 is applicable. Fiscal year 2015 was the first year of implementation, therefore only nine years are shown.

Mortality: Based on the 2017 CalPERS Experience Study for the period 1997-2015. Post-retirement mortality rates include 15 years of projected on-going mortality improvements using 90% of Scale MP 2016 published by the Society of Actuaries.

Mortality: Based on the 2017 CalPERS Experience Study for the period 1997-2015. Post-retirement mortality rates include 15 years of projected on-going mortality improvements using 90% of Scale MP 2020 published by the Society of Actuaries.

Single Employer OPEB Plan
Miscellaneous Cost-Sharing, Multiple-Employer Pension Plan 70 CITY OF AGOURA HILLS
Schedules of Proportationate Share of Net Pension Liability As of June 30, for the Last Ten Fiscal Years 1
Proportionate Share Plan's Fiduciary
Proportion of the Proportionate of the Net Pension Net Position as a Reporting Date 2 Net Pension Share of Net Liability as a % of % of the Total as of June 30, Liability Pension Liability Covered Payroll Covered Payroll Pension Liability 2023 0.05745% $ 6,636,241 $ 3,699,344 179.4% 76.7%
2022 0.04977% 2,691,618 3,371,342 79.8% 88.3%
2021 0.04984% 5,422,335 3,823,238 141.8% 75.1%
2020 0.04781% 4,899,474 3,512,954 139.5% 75.3%
2019 0.04561% 4,364,714 3,370,827 129.5% 75.3%
2018 0.04517% 4,479,822 3,197,648 140.1% 73.3%
2017 0.04331% 3,747,628 3,109,153 120.5% 74.1%
2016 0.03983% 2,733,736 3,104,821 88.0% 78.4%
2015 0.04212% 2,621,118 3,403,443 77.0% 79.8%
Notes to Schedule of Proportionate Share of the Net Pension Liability:
1 Fiscal year 2015 was the first year of GASB Statement No. 68 implementation; therefore only nine years are shown. 2 The proportions and proportionate share of the net pension liability are measured as of one year behind the reporting date.

Refer to notes to basic financial statements.

Miscellaneous Plan
Benefit Changes : None
Changes of Assumptions : None
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)LQDQFLQJ$XWKRULW\'HEW6HUYLFH±7RDFFRXQWIRUDQGUHSRUWILQDQFLDOUHVRXUFHVWKDWDUHUHVWULFWHGFRPPLWWHG RUDVVLJQHGWRH[SHQGLWXUHIRUSULQFLSDODQGLQWHUHVW $JRXUD +LOOV ,PSURYHPHQW $XWKRULW\ ± 7R DFFRXQW IRU DQG UHSRUW ILQDQFLDO UHVRXUFHV WKDW DUH UHVWULFWHG FRPPLWWHGRUDVVLJQHGWRH[SHQGLWXUHIRUSULQFLSDODQGLQWHUHVW 75 CITY OF AGOURA HILLS
Combining Balance Sheet
Nonmajor Governmental Funds
June 30, 2023
ASSETS
Cash and investments $ 84,822 $ 46,428 $ 1,511,069 $ 714,282 Receivables (net of allowance for uncollectible):

Accounts - - - -
Accrued interest 1,369 223 12,950 6,346
Due from other governments 1 2,763 40,243 351
Leases - - - -
Due from other funds 963,763 - - -
Restricted assets:

Cash and investments with fiscal agents - - - -
Total assets 1,049,955 49,414 1,564,262 720,979

LIABILITIES
Accounts payable $ - $ 104,004 - $ $ 5,310
Deposits payable 17,608 - - -
Due to other funds - - - -
Total liabilities 17,608 104,004 - 5,310

DEFERRED INFLOWS OF RESOURCES
Unavailable revenues - - 40,243 -
Total deferred inflows of resources - - 40,243 -

FUND BALANCES (DEFICITS)
Restricted - 1,420,015 - 715,669
Committed 1,032,347 49,414 - -
Assigned - - - -
Unassigned - - - -
Total fund balances (deficits) 1,032,347 49,414 1,420,015 715,669 Total liabilities, deferred inflows of resources,
and fund balances (deficits) $ 1,049,955 $ 49,414 $ 1,564,262 $ 720,979 Special Revenue Funds
Traffic
Improvement Traffic Safety
Transit Tax
(Prop A)
Public Transit
(Prop C)
76 CITY OF AGOURA HILLS
Combining Balance Sheet
Nonmajor Governmental Funds
June 30, 2023
ASSETS
Cash and investments
Receivables (net of allowance for uncollectible):

Accounts
Accrued interest
Due from other governments
Leases
Due from other funds
Restricted assets:

Cash and investments with fiscal agents
Total assets

LIABILITIES
Accounts payable
Deposits payable
Due to other funds
Total liabilities

DEFERRED INFLOWS OF RESOURCES
Unavailable revenues
Total deferred inflows of resources

FUND BALANCES (DEFICITS)
Restricted
Committed
Assigned
Unassigned
Total fund balances (deficits)
Total liabilities, deferred inflows of resources,
and fund balances (deficits)
(Continued)
$ - 61,832 $ 153,306 $ 229,955 $
- - - 24,186
- 505 1,462 2,296
8,735 6,595 - -
197,289 - - -
- - - -
- - - -
206,024 68,932 154,768 256,437
$ 1,666 - $ 24,670 $ 4,814 $
- - - -
6,961 - - -
8,627 - 24,670 4,814
201,024 - - -
201,024 - - -
- 68,932 130,098 -
- - - 251,623
- - - -
(3,627) - - -
(3,627) 68,932 130,098 251,623
$ 206,024 68,932 $ 154,768 $ 256,437 $
Special Revenue Funds
Air Quality
Management
Community
Development
Block Grant
Supplemental
Law
Enforcement
Solid Waste
Management
77 CITY OF AGOURA HILLS
Combining Balance Sheet
Nonmajor Governmental Funds
June 30, 2023
ASSETS
Cash and investments
Receivables (net of allowance for uncollectible):

Accounts
Accrued interest
Due from other governments
Leases
Due from other funds
Restricted assets:

Cash and investments with fiscal agents
Total assets

LIABILITIES
Accounts payable
Deposits payable
Due to other funds
Total liabilities

DEFERRED INFLOWS OF RESOURCES
Unavailable revenues
Total deferred inflows of resources

FUND BALANCES (DEFICITS)
Restricted
Committed
Assigned
Unassigned
Total fund balances (deficits)
Total liabilities, deferred inflows of resources,
and fund balances (deficits)
$ 236,257 88,970 $ 25,000 $ $ 1,847,763
- - 161,244 -
1,841 793 - 16,272
36 44,670 629,772 -
- - - -
- - - -
- - - -
238,134 134,433 816,016 1,864,035
$ 11,170 46,311 $ 8,849 $ $ 3,000
- - - -
- - 554,858 -
11,170 46,311 563,707 3,000
- - 547,635 -
- - 547,635 -
226,964 88,122 - -
- - - 1,861,035
- - - -
- - (295,326) -
226,964 88,122 (295,326) 1,861,035
$ 238,134 134,433 $ 816,016 $ 1,864,035 $
Special Revenue Funds
Other Grants
Inclusionary
State Gas Tax Measure R Housing
78 CITY OF AGOURA HILLS
Combining Balance Sheet
Nonmajor Governmental Funds
June 30, 2023
ASSETS
Cash and investments
Receivables (net of allowance for uncollectible):

Accounts
Accrued interest
Due from other governments
Leases
Due from other funds
Restricted assets:

Cash and investments with fiscal agents
Total assets

LIABILITIES
Accounts payable
Deposits payable
Due to other funds
Total liabilities

DEFERRED INFLOWS OF RESOURCES
Unavailable revenues
Total deferred inflows of resources

FUND BALANCES (DEFICITS)
Restricted
Committed
Assigned
Unassigned
Total fund balances (deficits)
Total liabilities, deferred inflows of resources,
and fund balances (deficits)
(Continued)
$ 33,132 54,584 $ 150,924 $ $ 283,458
- - - -
144 481 1,368 2,577
79,144 - - 47
- - - -
- - - -
- - - -
112,420 55,065 152,292 286,082
$ 8,287 - $ 77,964 $ $ -
- - - -
- - - -
8,287 - 77,964 -
- - - -
- - - -
104,133 - 74,328 286,082
- 55,065 - -
- - - -
- - - -
104,133 55,065 74,328 286,082
$ 112,420 55,065 $ 152,292 $ 286,082 $
Special Revenue Funds
Utility
Undergrounding
Road Rehab
Fund
Measure M
Fund
Measure W
Fund
79 CITY OF AGOURA HILLS
Combining Balance Sheet
Nonmajor Governmental Funds
June 30, 2023
ASSETS
Cash and investments
Receivables (net of allowance for uncollectible):

Accounts
Accrued interest
Due from other governments
Leases
Due from other funds
Restricted assets:

Cash and investments with fiscal agents
Total assets

LIABILITIES
Accounts payable
Deposits payable
Due to other funds
Total liabilities

DEFERRED INFLOWS OF RESOURCES
Unavailable revenues
Total deferred inflows of resources

FUND BALANCES (DEFICITS)
Restricted
Committed
Assigned
Unassigned
Total fund balances (deficits)
Total liabilities, deferred inflows of resources,
and fund balances (deficits)
$ 1,108,338 89,500 $ 856,961 $ 1,115 $
93,924 - - -
8,677 - 6,755 10
421,133 41,443 - -
- - - -
- - - -
- - - 1
1,632,072 130,943 863,716 1,126
$ 25,929 7,188 $ 6,370 $ - $
- - - -
- 49,120 - -
25,929 56,308 6,370 -
514,981 41,443 - -
514,981 41,443 - -
- - - -
1,091,162 33,192 857,346 -
- - - 1,126
- - - -
1,091,162 33,192 857,346 1,126
$ 1,632,072 130,943 $ 863,716 $ 1,126 $
Capital Projects Funds
Debt Service
Funds
Storm Water
Capital
Projects
Capital
Projects Fund
Recreation
Center
Financing
Authority Debt
Service
80 CITY OF AGOURA HILLS
Combining Balance Sheet
Nonmajor Governmental Funds
June 30, 2023
ASSETS
Cash and investments
Receivables (net of allowance for uncollectible):

Accounts
Accrued interest
Due from other governments
Leases
Due from other funds
Restricted assets:

Cash and investments with fiscal agents
Total assets

LIABILITIES
Accounts payable
Deposits payable
Due to other funds
Total liabilities

DEFERRED INFLOWS OF RESOURCES
Unavailable revenues
Total deferred inflows of resources

FUND BALANCES (DEFICITS)
Restricted
Committed
Assigned
Unassigned
Total fund balances (deficits)
Total liabilities, deferred inflows of resources,
and fund balances (deficits)
Total
Nonmajor
Funds
$ 46,431 $ 7,624,127
- 279,354
1,765 65,834
- 1,274,933
- 197,289
- 963,763
243,841 243,842
10,649,142 292,037
$ - $ 335,532
- 17,608
- 610,939
964,079 -
- 1,345,326
- 1,345,326
292,037 3,406,380
- 5,231,184
- 1,126
- (298,953)
8,339,737 292,037
$ 10,649,142 292,037 $
Debt Service
Funds
Agoura Hills
Improvement
Authority
81 CITY OF AGOURA HILLS
Combining Statement of Revenues, Expenditures, and
Changes in Fund Balances Nonmajor Governmental Funds
For the Year Ended June 30, 2023

REVENUES
Taxes $ - $ - $ - $ -
Intergovernmental - 653,395 - 571,441
Charges for services - - - -
Use of money and property 6,226 560 35,136 18,923
Fines and forfeitures - 59,935 - -
Contributions 3,094 - - -
Total revenues 9,320 60,495 688,531 590,364

EXPENDITURES
Current:

General government - - 12,928 -
Public safety - 39,980 - -
Community development - - - -
Community services - - 84,095 -
Public works - 344,724 - 315,651
Capital outlay 594,406 - - 245,328
Debt service:

Principal - - - -
Interest and fiscal charges - - - -
Total expenditures 594,406 39,980 441,747 560,979
Excess (deficiency) of revenues
over (under) expenditures (585,086) 20,515 246,784 29,385

OTHER FINANCING SOURCES (USES)
Transfers in - - - -
Total other financing sources (uses) - - - -
Net change in fund balances (585,086) 20,515 246,784 29,385 Fund balances (deficit)-beginning 28,899 1,617,433 1,173,231 686,284 Fund balances (deficit)-ending $ 1,032,347 $ 49,414 $ 1,420,015 $ 715,669 Traffic
Improvement Traffic Safety
Transit Tax
(Prop A)
Public Transit
(Prop C)
Special Revenue Funds
82 CITY OF AGOURA HILLS
Combining Statement of Revenues, Expenditures, and
Changes in Fund Balances Nonmajor Governmental Funds
For the Year Ended June 30, 2023

REVENUES
Taxes
Intergovernmental
Charges for services
Use of money and property
Fines and forfeitures
Contributions
Total revenues

EXPENDITURES
Current:

General government
Public safety
Community development
Community services
Public works
Capital outlay
Debt service:

Principal
Interest and fiscal charges
Total expenditures
Excess (deficiency) of revenues
over (under) expenditures

OTHER FINANCING SOURCES (USES)
Transfers in
Total other financing sources (uses)
Net change in fund balances
Fund balances (deficit)-beginning
Fund balances (deficit)-ending
(Continued)
$ - - $ - $ $ 36,461
31,174 12,280 165,271 -
- - - 73,669
- 1,756 4,802 6,385
- - - -
- - - -
12,280 32,930 170,073 116,515
- 104,593 - -
- - 148,020 -
- - - 101,651
- 8,333 - -
- - - -
- - 40,400 -
- - - -
- - - -
8,333 104,593 188,420 101,651
3,947 (71,663) (18,347) 14,864
- - - -
- - - -
3,947 (71,663) (18,347) 14,864
140,595 (7,574) 148,445 236,759
$ (3,627) 68,932 $ 130,098 $ 251,623 $
Air Quality
Management
Community
Development
Block Grant
Supplemental
Law
Enforcement
Solid Waste
Management
Special Revenue Funds
83 CITY OF AGOURA HILLS
Combining Statement of Revenues, Expenditures, and
Changes in Fund Balances Nonmajor Governmental Funds
For the Year Ended June 30, 2023

REVENUES
Taxes
Intergovernmental
Charges for services
Use of money and property
Fines and forfeitures
Contributions
Total revenues

EXPENDITURES
Current:

General government
Public safety
Community development
Community services
Public works
Capital outlay
Debt service:

Principal
Interest and fiscal charges
Total expenditures
Excess (deficiency) of revenues
over (under) expenditures

OTHER FINANCING SOURCES (USES)
Transfers in
Total other financing sources (uses)
Net change in fund balances
Fund balances (deficit)-beginning
Fund balances (deficit)-ending
$ - - $ - $ $ -
513,080 334,412 1,522,281 -
- - - -
2,724 4,898 144 47,114
- - - -
- - - -
339,310 515,804 1,522,425 47,114
- - 38,360 -
- 29,896 145,311 -
- - - 3,000
- - - -
456,950 210,067 36,306 -
- 75,339 793,579 -
- - - -
- - - -
285,406 486,846 1,013,556 3,000
53,904 28,958 508,869 44,114
- - 25,000 -
- - 25,000 -
53,904 28,958 533,869 44,114
59,164 173,060 (829,195) 1,816,921
$ 226,964 88,122 $ (295,326) $ 1,861,035 $
State Gas Tax Measure R Other Grants
Inclusionary
Housing
Special Revenue Funds
84 CITY OF AGOURA HILLS
Combining Statement of Revenues, Expenditures, and
Changes in Fund Balances Nonmajor Governmental Funds
For the Year Ended June 30, 2023

REVENUES
Taxes
Intergovernmental
Charges for services
Use of money and property
Fines and forfeitures
Contributions
Total revenues

EXPENDITURES
Current:

General government
Public safety
Community development
Community services
Public works
Capital outlay
Debt service:

Principal
Interest and fiscal charges
Total expenditures
Excess (deficiency) of revenues
over (under) expenditures

OTHER FINANCING SOURCES (USES)
Transfers in
Total other financing sources (uses)
Net change in fund balances
Fund balances (deficit)-beginning
Fund balances (deficit)-ending
(Continued)
$ - - $ - $ $ -
- 451,661 378,292 343,304
- - - -
1,392 1,178 3,772 6,676
- - - -
- - - -
1,392 452,839 382,064 349,980
- - - -
- - - -
- - - -
- - - -
- - 331,001 102,000
- 439,942 80,000 75,211
- - - -
- - - -
439,942 - 411,001 177,211
1,392 12,897 (28,937) 172,769
- - - -
- - - -
1,392 12,897 (28,937) 172,769
53,673 91,236 103,265 113,313
$ 104,133 55,065 $ 74,328 $ 286,082 $
Utility
Undergrounding
Road Rehab
Fund
Measure M
Fund
Measure W
Fund
Special Revenue Funds
85 CITY OF AGOURA HILLS
Combining Statement of Revenues, Expenditures, and
Changes in Fund Balances Nonmajor Governmental Funds
For the Year Ended June 30, 2023

REVENUES
Taxes
Intergovernmental
Charges for services
Use of money and property
Fines and forfeitures
Contributions
Total revenues

EXPENDITURES
Current:

General government
Public safety
Community development
Community services
Public works
Capital outlay
Debt service:

Principal
Interest and fiscal charges
Total expenditures
Excess (deficiency) of revenues
over (under) expenditures

OTHER FINANCING SOURCES (USES)
Transfers in
Total other financing sources (uses)
Net change in fund balances
Fund balances (deficit)-beginning
Fund balances (deficit)-ending
$ - - $ - $ $ -
436,973 - 211,500 -
- - - -
21,891 - 18,138 31
- - - -
- 28,783 - -
458,864 28,783 229,638 31
- - - -
- - - -
- - - -
- - - -
214,611 55,091 - -
12,355 - 81,918 -
- - - -
- - - -
226,966 55,091 81,918 -
231,898 (26,308) 147,720 31
60,000 89,500 141,000 -
60,000 89,500 141,000 -
291,898 63,192 288,720 31
799,264 (30,000) 568,626 1,095
$ 1,091,162 33,192 $ 857,346 $ 1,126 $
Financing
Authority Debt
Service
Storm Water
Capital
Projects
Capital
Projects Fund
Recreation
Center
Capital Projects Funds
Debt Service
Funds
86 CITY OF AGOURA HILLS
Combining Statement of Revenues, Expenditures, and
Changes in Fund Balances Nonmajor Governmental Funds
For the Year Ended June 30, 2023

REVENUES
Taxes
Intergovernmental
Charges for services
Use of money and property
Fines and forfeitures
Contributions
Total revenues

EXPENDITURES
Current:

General government
Public safety
Community development
Community services
Public works
Capital outlay
Debt service:

Principal
Interest and fiscal charges
Total expenditures
Excess (deficiency) of revenues
over (under) expenditures

OTHER FINANCING SOURCES (USES)
Transfers in
Total other financing sources (uses)
Net change in fund balances
Fund balances (deficit)-beginning
Fund balances (deficit)-ending
Total
Nonmajor
Funds
$ - $ 36,461
- 5,625,064
- 73,669
1,987 183,733
- 59,935
- 31,877
1,987 6,010,739
8,750 164,631
- 363,207
- 104,651
- 92,428
- 2,066,401
- 2,438,478
380,000 380,000
528,325 528,325
6,138,121 917,075
(127,382) (915,088)
913,274 1,228,774
1,228,774 913,274
1,101,392 (1,814)
293,851 7,238,345
$ 8,339,737 292,037 $
Agoura Hills
Improvement
Authority
Debt Service
Funds
87 Variance with
Final Budget
Budget Amounts Actual Positive
Original Final Amounts (Negative)

REVENUES
Intergovernmental $ 2,766,367 2,472,464 $ 1,522,281 $ $ (1,244,086) Use of money and property - - 144 144
Total revenues 2,472,464 2,766,367 1,522,425 (1,243,942)

EXPENDITURES
Current:

General government 39,500 1,041,647 38,360 1,003,287
Public safety 110,600 - 145,311 (34,711)
Public works 96,848 142,298 36,306 105,992
Capital outlay 1,320,000 2,336,116 793,579 526,421
Total expenditures 2,472,464 2,614,545 1,013,556 1,600,989 Excess (deficiency) of revenues
over (under) expenditures 151,822 - 508,869 (2,844,931)

OTHER FINANCING SOURCES (USES)
Transfers in - - 25,000 25,000
Total other financing sources (uses) - - 25,000 25,000
Net change in fund balance $ 151,822 - $ 533,869 $ (2,819,931) Fund balance-beginning (829,195)
Fund balance-ending $ (295,326)

CITY OF AGOURA HILLS
Other Grants
Schedule of Revenues, Expenditures, and Changes in
Fund Balance - Budget and Actual
For the Year Ended June 30, 2023
88 Variance with
Final Budget
Budget Amounts Actual Positive
Original Final Amounts (Negative)

REVENUES
Use of money and property $ 6,000 4,000 $ 6,226 $ $ 226 Contributions 4,000 - 3,094 (906)
Total revenues 4,000 10,000 9,320 (680)

EXPENDITURES
Capital outlay 650,000 600,000 594,406 55,594
Total expenditures 600,000 650,000 594,406 55,594
Net change in fund balance $ (596,000) $ (640,000) (585,086) $ 54,914 Fund balance-beginning 1,617,433
Fund balance-ending $ 1,032,347

CITY OF AGOURA HILLS
Traffic Improvement
Schedule of Revenues, Expenditures, and Changes in
Fund Balance - Budget and Actual
For the Year Ended June 30, 2023
89 Variance with
Final Budget
Budget Amounts Actual Positive
Original Final Amounts (Negative)

REVENUES
Use of money and property $ 200 $ 350 $ 560 $ 210
Fines and forfeitures 40,000 40,000 59,935 19,935
Total revenues 40,200 40,350 60,495 20,145

EXPENDITURES
Current:

Public safety 40,000 40,000 39,980 20
Total expenditures 40,000 40,000 39,980 20
Net change in fund balance $ 200 $ 350 20,515 $ 20,165
Fund balance-beginning 28,899
Fund balance-ending $ 49,414

CITY OF AGOURA HILLS
Traffic Safety
Schedule of Revenues, Expenditures, and Changes in
Fund Balance - Budget and Actual
For the Year Ended June 30, 2023
90 Variance with
Final Budget
Budget Amounts Actual Positive
Original Final Amounts (Negative)

REVENUES
Intergovernmental $ 614,535 622,535 $ 653,395 $ $ 38,860 Use of money and property 15,000 12,000 35,136 20,136
Total revenues 634,535 629,535 688,531 58,996

EXPENDITURES
Current:

General government - - 12,928 (12,928)
Parks and recreation 130,197 101,722 84,095 17,627
Public works 604,650 343,650 344,724 (1,074)
Total expenditures 734,847 445,372 441,747 3,625
Net change in fund balance $ (100,312) $ 184,163 246,784 $ 62,621 Fund balance-beginning 1,173,231
Fund balance-ending $ 1,420,015

CITY OF AGOURA HILLS
Transit Tax (Prop A)
Schedule of Revenues, Expenditures, and Changes in
Fund Balance - Budget and Actual
For the Year Ended June 30, 2023
91 Variance with
Final Budget
Budget Amounts Actual Positive
Original Final Amounts (Negative)

REVENUES
Intergovernmental $ 539,478 413,978 $ 571,441 $ $ 31,963 Use of money and property 500 8,000 18,923 10,923
Total revenues 414,478 547,478 590,364 42,886

EXPENDITURES
Current:

Public works 185,992 418,626 315,651 102,975
Capital outlay 427,000 - 245,328 181,672
Total expenditures 185,992 845,626 560,979 284,647
Net change in fund balance $ 228,486 $ (298,148) 29,385 $ 327,533 Fund balance-beginning 686,284
Fund balance-ending $ 715,669

CITY OF AGOURA HILLS
Public Transit (Prop C)
Schedule of Revenues, Expenditures, and Changes in
Fund Balance - Budget and Actual
For the Year Ended June 30, 2023
92 Variance with
Final Budget
Budget Amounts Actual Positive
Original Final Amounts (Negative)

REVENUES
Intergovernmental $ 26,700 26,700 $ 31,174 $ $ 4,474
Use of money and property 300 1,000 1,756 756
Total revenues 27,000 27,700 32,930 5,230

EXPENDITURES
Current:

General government 60,000 112,000 104,593 7,407
Total expenditures 60,000 112,000 104,593 7,407
Excess (deficiency) of revenues
over (under) expenditures (33,000) (84,300) (71,663) 12,637 Net change in fund balance $ (33,000) $ (84,300) (71,663) $ 12,637 Fund balance-beginning 140,595
Fund balance-ending $ 68,932

CITY OF AGOURA HILLS
Air Quality Management
Schedule of Revenues, Expenditures, and Changes in
Fund Balance - Budget and Actual
For the Year Ended June 30, 2023
93 Variance with
Final Budget
Budget Amounts Actual Positive
Original Final Amounts (Negative)

REVENUES
Intergovernmental $ 16,400 100,000 $ 12,280 $ $ (4,120) Total revenues 100,000 16,400 12,280 (4,120)

EXPENDITURES
Current:

Parks and recreation 15,000 15,000 8,333 6,667
Capital outlay 1,400 85,000 - 1,400
Total expenditures 100,000 16,400 8,333 8,067
Net change in fund balance $ - $ - 3,947 $ 3,947
Fund balance-beginning (7,574)
Fund balance-ending $ (3,627)

CITY OF AGOURA HILLS
Community Development Block Grant
Schedule of Revenues, Expenditures, and Changes in
Fund Balance - Budget and Actual
For the Year Ended June 30, 2023
94 Variance with
Final Budget
Budget Amounts Actual Positive
Original Final Amounts (Negative)

REVENUES
Intergovernmental $ 166,000 100,000 $ 165,271 $ $ (729) Use of money and property 700 2,000 4,802 2,802
Total revenues 100,700 168,000 170,073 2,073

EXPENDITURES
Current:

Public safety 152,866 152,866 148,020 4,846
Capital outlay 40,000 40,000 40,400 (400)
Total expenditures 192,866 192,866 188,420 4,446
Net change in fund balance $ (92,166) $ (24,866) (18,347) $ 6,519 Fund balance-beginning 148,445
Fund balance-ending $ 130,098

CITY OF AGOURA HILLS
Supplemental Law Enforcement
Schedule of Revenues, Expenditures, and Changes in
Fund Balance - Budget and Actual
For the Year Ended June 30, 2023
95 Variance with
Final Budget
Budget Amounts Actual Positive
Original Final Amounts (Negative)

REVENUES
Taxes $ 36,000 36,000 $ 36,461 $ $ 461
Charges for services 73,000 73,000 73,669 669
Use of money and property 3,000 3,000 6,385 3,385
Total revenues 112,000 112,000 116,515 4,515

EXPENDITURES
Current:

Community development 118,900 93,900 101,651 (7,751)
Total expenditures 118,900 93,900 101,651 (7,751)
Net change in fund balance $ (6,900) $ 18,100 14,864 $ (3,236) Fund balance-beginning 236,759
Fund balance-ending $ 251,623

CITY OF AGOURA HILLS
Solid Waste Management
Schedule of Revenues, Expenditures, and Changes in
Fund Balance - Budget and Actual
For the Year Ended June 30, 2023
96 Variance with
Final Budget
Budget Amounts Actual Positive
Original Final Amounts (Negative)

REVENUES
Intergovernmental $ 521,051 597,034 $ 513,080 $ $ (7,971) Use of money and property 1,500 1,000 2,724 1,224
Total revenues 598,034 522,551 515,804 (6,747)

EXPENDITURES
Current:

Public safety 80,000 30,000 29,896 104
Public works 574,800 497,300 456,950 40,350
Total expenditures 654,800 527,300 486,846 40,454
Net change in fund balance $ (56,766) $ (4,749) 28,958 $ 33,707 Fund balance-beginning 59,164
Fund balance-ending $ 88,122

CITY OF AGOURA HILLS
State Gas Tax
Schedule of Revenues, Expenditures, and Changes in
Fund Balance - Budget and Actual
For the Year Ended June 30, 2023
97 Variance with
Final Budget
Budget Amounts Actual Positive
Original Final Amounts (Negative)

REVENUES
Intergovernmental $ 310,483 310,483 $ 334,412 $ $ 23,929 Use of money and property 2,500 2,500 4,898 2,398
Total revenues 312,983 312,983 339,310 26,327

EXPENDITURES
Current:

Public works 172,547 215,485 210,067 5,418
Capital outlay 90,000 170,000 75,339 14,661
Total expenditures 342,547 305,485 285,406 20,079
Net change in fund balance $ (29,564) $ 7,498 53,904 $ 46,406 Fund balance-beginning 173,060
Fund balance-ending $ 226,964

CITY OF AGOURA HILLS
Measure R
Schedule of Revenues, Expenditures, and Changes in
Fund Balance - Budget and Actual
For the Year Ended June 30, 2023
98 Variance with
Final Budget
Budget Amounts Actual Positive
Original Final Amounts (Negative)

REVENUES
Use of money and property $ 20,000 20,000 $ 47,114 $ $ 27,114 Total revenues 20,000 20,000 47,114 27,114

EXPENDITURES
Current:

Community development 30,000 30,000 3,000 27,000
Total expenditures 30,000 30,000 3,000 27,000
Net change in fund balance $ (10,000) $ (10,000) 44,114 $ 54,114 Fund balance-beginning 1,816,921
Fund balance-ending $ 1,861,035

CITY OF AGOURA HILLS
Inclusionary Housing
Schedule of Revenues, Expenditures, and Changes in
Fund Balance - Budget and Actual
For the Year Ended June 30, 2023
99 Variance with
Final Budget
Budget Amounts Actual Positive
Original Final Amounts (Negative)

REVENUES
Use of money and property $ 500 $ 750 $ 1,392 $ 642
Total revenues 500 750 1,392 642
Net change in fund balance $ 500 $ 750 1,392 $ 642
Fund balance-beginning 53,673
Fund balance-ending $ 55,065

CITY OF AGOURA HILLS
Utility Undergrounding
Schedule of Revenues, Expenditures, and Changes in
Fund Balance - Budget and Actual
For the Year Ended June 30, 2023
100
Variance with
Final Budget
Budget Amounts Actual Positive
Original Final Amounts (Negative)

REVENUES
Intergovernmental $ 438,927 466,310 $ 451,661 $ $ 12,734 Use of money and property 500 1,200 1,178 (22)
Total revenues 466,810 440,127 452,839 12,712

EXPENDITURES
Current:

Capital outlay 450,000 450,000 439,942 10,058
Total expenditures 450,000 450,000 439,942 10,058
Net change in fund balance $ 16,810 $ (9,873) 12,897 $ 22,770 Fund balance-beginning 91,236
Fund balance-ending $ 104,133

CITY OF AGOURA HILLS
Road Rehab Fund
Schedule of Revenues, Expenditures, and Changes in
Fund Balance - Budget and Actual
For the Year Ended June 30, 2023
101
Variance with
Final Budget
Budget Amounts Actual Positive
Original Final Amounts (Negative)

REVENUES
Intergovernmental $ 351,881 351,881 $ 378,292 $ $ 26,411 Use of money and property 500 1,500 3,772 2,272
Total revenues 352,381 353,381 382,064 28,683

EXPENDITURES
Current:

Public works 262,754 326,741 331,001 (4,260)
Capital outlay 80,000 80,000 80,000 -
Total expenditures 342,754 406,741 411,001 (4,260)
Net change in fund balance $ 9,627 $ (53,360) (28,937) $ 24,423 Fund balance-beginning 103,265
Fund balance-ending $ 74,328

CITY OF AGOURA HILLS
Measure M Fund
Schedule of Revenues, Expenditures, and Changes in
Fund Balance - Budget and Actual
For the Year Ended June 30, 2023
102
Variance with
Final Budget
Budget Amounts Actual Positive
Original Final Amounts (Negative)

REVENUES
Intergovernmental $ 344,000 340,000 $ 343,304 $ $ (696) Use of money and property 1,800 - 6,676 4,876
Total revenues 340,000 345,800 349,980 4,180

EXPENDITURES
Current:

Public works 102,000 102,000 102,000 -
Capital outlay 226,000 226,000 75,211 150,789
Total expenditures 328,000 328,000 177,211 150,789
Net change in fund balance $ 12,000 $ 17,800 172,769 $ 154,969 Fund balance-beginning 113,313
Fund balance-ending $ 286,082

CITY OF AGOURA HILLS
Measure W Fund
Schedule of Revenues, Expenditures, and Changes in
Fund Balance - Budget and Actual
For the Year Ended June 30, 2023
103
Variance with
Final Budget
Budget Amounts Actual Positive
Original Final Amounts (Negative)

REVENUES
Intergovernmental $ 900,000 550,000 $ 864,285 $ $ (35,715) Use of money and property - - 857 857
Total revenues 550,000 900,000 865,142 (34,858)

EXPENDITURES
Current:

General government 53,480 9,932 14,510 (4,578)
Public works 62,922 6,390 28,082 (21,692)
Capital outlay 50,000 235,000 58,606 (8,606)
Total expenditures 351,402 66,322 101,198 (34,876)
Net change in fund balance $ 198,598 $ 833,678 763,944 $ (69,734) Fund balance-beginning (3,064,224)
Fund balance-ending $ (2,300,280)

CITY OF AGOURA HILLS
Measure R Capital Projects Fund
Schedule of Revenues, Expenditures, and Changes in
Fund Balance - Budget and Actual
For the Year Ended June 30, 2023
104
Variance with
Final Budget
Budget Amounts Actual Positive
Original Final Amounts (Negative)

REVENUES
Intergovernmental $ 30,000 600,000 $ 95,629 $ $ 65,629
Total revenues 600,000 30,000 95,629 65,629

EXPENDITURES
Current:

General government 49,218 24,085 14,040 10,045
Public works 91,046 46,438 27,667 18,771
Capital outlay 340,000 925,000 233,608 106,392
Total expenditures 1,065,264 410,523 275,315 135,208
Net change in fund balance $ (465,264) $ (380,523) (179,686) $ 200,837 Fund balance-beginning (488,371)
Fund balance-ending $ (668,057)

CITY OF AGOURA HILLS
Measure M Capital Projects Fund
Schedule of Revenues, Expenditures, and Changes in
Fund Balance - Budget and Actual
For the Year Ended June 30, 2023
105
Variance with
Final Budget
Budget Amounts Actual Positive
Original Final Amounts (Negative)

REVENUES
Contributions $ - $ 65,000 $ 28,783 $ (36,217)
Total revenues - 65,000 28,783 (36,217)

EXPENDITURES
Current:

Public works - 35,000 55,091 (20,091)
Total expenditures - 35,000 55,091 (20,091)
Excess (deficiency) of revenues
over (under) expenditures - 30,000 (26,308) (56,308)

OTHER FINANCING SOURCES (USES)
Transfers in - - 89,500 89,500
Total other financing sources (uses) - - 89,500 89,500
Net change in fund balance $ - $ 30,000 63,192 $ 33,192 Fund balance-beginning (30,000)
Fund balance-ending $ 33,192

CITY OF AGOURA HILLS
Recreation Center
Schedule of Revenues, Expenditures, and Changes in
Fund Balance - Budget and Actual
For the Year Ended June 30, 2023
106
Variance with
Final Budget
Budget Amounts Actual Positive
Original Final Amounts (Negative)

REVENUES
Intergovernmental $ 215,000 - $ $ 436,973 $ 221,973
Use of money and property 10,000 10,000 21,891 11,891
Total revenues 10,000 225,000 458,864 233,864

EXPENDITURES
Current:

Public works 110,000 - 214,611 (104,611)
Capital outlay 12,000 500,000 12,355 (355)
Total expenditures 500,000 122,000 226,966 (104,966)
Excess (deficiency) of revenues
over (under) expenditures (490,000) 103,000 231,898 128,898

OTHER FINANCING SOURCES (USES)
Transfers in - - 60,000 60,000
Total other financing sources (uses) - - 60,000 60,000
Net change in fund balance $ (490,000) $ 103,000 291,898 $ 188,898 Fund balance-beginning 799,264
Fund balance-ending $ 1,091,162

CITY OF AGOURA HILLS
Storm Water Capital Projects
Schedule of Revenues, Expenditures, and Changes in
Fund Balance - Budget and Actual
For the Year Ended June 30, 2023
107
Variance with
Final Budget
Budget Amounts Actual Positive
Original Final Amounts (Negative)

REVENUES
Intergovernmental $ 211,500 - $ $ 211,500 $ -
Use of money and property 7,000 - 18,138 11,138
Total revenues 218,500 - 229,638 11,138

EXPENDITURES
Capital outlay 135,000 517,500 81,918 53,082
Total expenditures 517,500 135,000 81,918 53,082
Excess (deficiency) of revenues
over (under) expenditures (517,500) 83,500 147,720 64,220

OTHER FINANCING SOURCES (USES)
Transfers in 100,000 - 141,000 41,000
Total other financing sources (uses) 100,000 - 141,000 41,000 Net change in fund balance $ (517,500) $ 183,500 288,720 $ 105,220 Fund balance-beginning 568,626
Fund balance-ending $ 857,346

CITY OF AGOURA HILLS
Capital Projects Fund
Schedule of Revenues, Expenditures, and Changes in
Fund Balance - Budget and Actual
For the Year Ended June 30, 2023
108
Variance with
Final Budget
Budget Amounts Actual Positive
Original Final Amounts (Negative)

REVENUES
Use of money and property $ - $ 11 $ 31 $ 20
Total revenues - 11 31 20
Excess (deficiency) of revenues
over (under) expenditures - 11 31 20

OTHER FINANCING SOURCES (USES)
Net change in fund balance $ - $ 11 31 $ 20
Fund balance-beginning 1,095
Fund balance-ending $ 1,126

CITY OF AGOURA HILLS
Financing Authority Debt Service
Schedule of Revenues, Expenditures, and Changes in
Fund Balance - Budget and Actual
For the Year Ended June 30, 2023
109
Variance with
Final Budget
Budget Amounts Actual Positive
Original Final Amounts (Negative)

REVENUES
Use of money and property $ 1,500 $ 1,500 $ 1,987 $ 487 Total revenues 1,500 1,500 1,987 487

EXPENDITURES
Current:

General government - 8,750 8,750 -
Debt service:

Principal 380,000 380,000 380,000 -
Interest 525,475 525,475 528,325 (2,850)
Total expenditures 905,475 914,225 917,075 (2,850)
Excess (deficiency) of revenues
over (under) expenditures (903,975) (912,725) (915,088) (2,363)

OTHER FINANCING SOURCES (USES)
Transfers in 908,025 913,274 913,274 -
Total other financing sources (uses) 913,274 908,025 913,274 - Net change in fund balance 4,050 $ 549 $ (1,814) (2,363) $ Fund balance-beginning 293,851
Fund balance-ending $ 292,037

CITY OF AGOURA HILLS
Agoura Hills Improvement Authority
Schedule of Revenues, Expenditures, and Changes in
Fund Balance - Budget and Actual
For the Year Ended June 30, 2023
110
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113

CITY OF AGOURA HILLS
Net Assets by Component
Last Ten Fiscal Years
(accrual basis of accounting)
2014 2015 2016 2017
Governmental activities
Net Investment in capital assets $ 71,090,637 $ 88,327,674 $ 102,402,711 $ 107,036,227 Restricted 4,054,814 1,569,275 1,641,181 1,723,643
Unrestricted 37,983,934 28,035,386 36,440,786 37,138,624 Total primary government net assets-restated $ 113,129,385 $ 117,932,335 $ 140,484,678 $ 145,898,494 Source: City of Agoura Hills financial data
Fiscal Year
114
2018 2019 2020 2021 2022 2023
$ 115,659,310 109,062,997 $ 119,055,509 $ 122,562,958 $ 126,408,354 $ $ 135,086,093 1,649,754 2,729,353 3,391,714 4,386,297 3,779,864 4,300,438 36,535,795 34,370,710 35,505,187 36,269,912 43,637,719 43,761,650 $ 152,759,373 147,248,546 $ 157,952,410 $ 163,219,167 $ 173,825,937 $ 183,148,181 $ Fiscal Year
115

CITY OF AGOURA HILLS
Changes in Net Assets
Last Ten Fiscal Years
(accrual basis of accounting)
2014 2015 2016 2017
Expenses
Governmental activities
General government $ 4,395,273 $ 3,636,202 $ 4,270,495 $ 4,668,415 Public safety 4,364,195 4,014,645 4,194,614 4,461,825
Public works 3,114,273 3,885,466 4,053,734 4,463,701
Community development 985,074 1,625,957 1,398,948 1,618,074 Community services 2,184,204 2,214,787 2,470,941 2,823,604 Interest on long-term debt (unallocated) 761,822 631,316 625,051 866,327 Total primary government expenses $ 15,804,841 $ 16,008,373 $ 17,013,783 $ 18,901,946 Program Revenues
Governmental activities
Charges for Services
General government $ 139,006 $ 478,314 $ 156,807 $ 163,988 Public safety 565,016 694,531 618,883 875,646
Public works 240,192 280,493 224,895 226,653
Community development 160,965 378,825 336,236 333,529
Community services 267,356 56,408 337,557 445,655
Operating grants and contributions 9,016,536 1,004,621 1,420,156 968,373 Capital grants and contributions 2,578,791 9,379,954 13,955,391 7,509,737 Total primary government program revenues 12,967,862 $ 12,273,146 $ 17,049,925 $ 10,523,581 $ Net (Expense)/Revenue
Total primary government net expense $ (2,836,979) $ (3,735,227) $ 36,142 $ (8,378,365) General Revenues and Other Changes in Net Position
Governmental activities:

Taxes $ 10,483,355 $ 11,274,539 $ 12,062,480 $ 12,598,500 Investment earnings 119,576 154,096 15,564 203,689
Other revenues 187,793 427,017 298,521 198,680
9,479,215
Total primary government 10,790,724 $ 11,855,652 $ 12,376,565 $ $ 22,480,084 Change in Net Position
Total primary government $ 7,953,745 $ 8,120,425 $ 12,412,707 $ 14,101,719 Source: City of Agoura Hills financial data
Special Item
Fiscal Year
116
2018 2019 2020 2021 2022 2023
$ 5,562,060 4,840,745 $ 5,075,690 $ 4,883,137 $ 5,398,396 $ $ 6,592,414 4,671,492 5,052,473 5,395,088 4,972,577 5,030,764 5,480,381 4,460,115 5,223,521 4,567,546 5,403,352 4,835,192 5,134,207 1,718,379 1,912,179 2,387,667 2,405,357 2,635,889 2,356,568 3,027,389 3,145,527 2,904,129 1,926,403 2,525,934 3,109,429 517,386 581,175 559,031 535,104 522,350 530,897
$ 21,476,935 19,235,506 $ 20,889,151 $ 20,125,930 $ 20,948,525 $ 23,203,896 $ $ 178,781 167,941 $ 147,364 $ 148,827 $ 178,442 $ $ 156,510 818,733 773,284 700,271 670,625 873,311 1,108,362
229,345 236,577 216,836 216,544 211,435 238,487
354,455 328,600 193,519 591,714 424,897 226,904
493,827 370,995 210,061 21,179 249,990 317,686
2,569,234 4,149,727 4,911,381 5,461,487 7,286,003 11,428,878 2,423,678 5,896,336 4,441,925 4,731,794 5,304,064 1,176,815 $ 11,934,300 7,057,213 $ 10,821,357 $ 11,842,170 $ 14,528,142 $ 14,653,642 $ $ (9,542,635) (12,178,293) $ (10,067,794) $ (8,283,760) $ (6,420,383) $ (8,550,254) $ $ 12,894,034 12,403,165 $ 12,617,792 $ 12,834,290 $ 16,185,672 $ $ 16,199,589 784,617 1,026,429 847,549 451,118 690,218 1,508,148
150,715 345,823 1,795,490 556,383 151,263 279,761
294,014 175,000 - - -
$ 13,632,511 $ 14,441,286 $ 15,260,831 $ 13,841,791 $ 17,027,153 $ 17,987,498 $ 4,898,651 1,454,218 $ 5,193,037 $ 5,558,031 $ 10,606,770 $ 9,437,244 $ Fiscal Year
117

CITY OF AGOURA HILLS
Program Revenues by Function/Program
Last Ten Fiscal Years
(accrual basis of accounting)
2014 2015 2016 2017
Function/Program
Governmental activities
General government $ 2,599,863 $ 1,138,763 $ 346,886 $ 437,462 Public safety 665,016 800,761 718,883 1,004,970
Public works 8,896,687 9,863,255 14,987,990 7,171,508
Community development 538,940 413,959 658,609 1,463,986 Community services 267,356 56,408 373,557 445,655
Subtotal governmental activities 12,967,862 12,273,146 17,085,925 10,523,581 Total primary government $ 12,967,862 $ 12,273,146 $ 17,085,925 $ 10,523,581 Source: City of Agoura Hills financial data
Fiscal Year
118
2018 2019 2020 2021 2022 2023
$ 2,435,396 739,569 $ $ 2,840,323 $ 4,281,219 $ 5,492,855 $ 9,698,465 922,031 898,438 856,219 827,352 1,289,095 1,273,633
7,867,535 4,557,202 6,706,149 6,109,074 7,023,453 3,136,954 338,343 368,177 208,605 603,346 472,749 226,904
370,995 493,827 210,061 21,179 249,990 317,686
11,934,300 7,057,213 10,821,357 11,842,170 14,528,142 14,653,642 $ 11,934,300 7,057,213 $ $ 10,821,357 $ 11,842,170 $ 14,528,142 $ 14,653,642 Fiscal Year
119

CITY OF AGOURA HILLS
Fund Balances, Governmental Funds
Last Ten Fiscal Years
(accrual basis of accounting)
2014 2015 2016 2017
General Fund
Reserved $ - $ - $ 50,000 $ 345,275
Nonspendable 17,383,605 17,365,764 26,368,875 26,450,720 Unassigned 8,494,117 9,083,645 9,623,733 9,815,071
Total general fund $ 25,877,722 $ 26,449,409 $ 36,042,608 $ 36,611,066 All Other Governmental Funds
Nonspendable $ - $ - $ - $ -
Restricted 5,165,834 1,569,275 1,641,181 1,723,643
Committed 4,162,269 4,350,376 3,770,779 4,067,536
Assigned 4,618,668 411,423 557,239 559,083
Unassigned - (3,154,713) (5,974,136) (4,708,451)
Total all other governmental funds $ 13,946,771 $ 3,176,361 $ (4,937) $ 1,641,811 Source: City of Agoura Hills financial data
Fiscal Year
120
2018 2019 2020 2021 2022 2023
$ 358,850 350,028 $ $ 410,948 $ 413,508 $ 604,998 $ 729,017 26,434,914 26,525,470 26,530,193 26,274,785 25,937,153 25,562,661 9,229,107 10,386,556 8,065,424 10,654,100 13,690,128 13,563,529 $ 36,022,871 37,262,054 $ $ 35,006,565 $ 37,342,393 $ 40,232,279 $ 39,855,207 $ - $ 5,917 $ 5,351 $ - $ - $ -
2,755,603 1,649,754 2,325,972 3,695,301 3,779,864 4,300,438 3,319,065 4,310,623 3,716,739 3,740,173 4,322,311 5,231,184 608,408 595,322 851,867 1,005,556 800,359 1,126
(4,551,947) (3,498,679) (4,292,536) (4,742,692) (4,419,364) (3,267,290) $ 2,137,046 3,057,020 $ 2,607,393 $ $ 3,698,338 $ 4,483,170 $ 6,265,458 Fiscal Year
121

CITY OF AGOURA HILLS
Changes in Fund Balances, Governmental Funds
Last Ten Fiscal Years
(modified accrual basis of accounting)
2014 2015 2016 2017
Revenues
Taxes $ 12,062,480 11,270,895 $ 12,598,500 $ $ 12,403,165 Licenses and permits 430,875 503,586 524,799 480,926
Intergovernmental revenues 9,755,904 7,390,407 13,346,694 8,882,237 Charges for services 1,420,436 1,188,228 1,018,776 1,464,484 Fines and forfeitures 133,653 139,746 104,803 90,403
Use of money and property 197,514 15,564 203,689 784,617 Other revenues 195,034 707,911 303,505 590,037
Total Revenues 23,404,311 22,007,922 28,100,766 24,695,869 Expenditures
General government 8,209,942 3,951,759 3,935,083 4,094,097 Public safety 4,356,837 4,012,790 4,182,601 4,459,069
Community development 983,413 1,665,528 1,481,732 1,556,843 Community services 1,999,590 2,176,803 2,481,518 2,741,433 Public works 2,995,490 2,089,716 2,315,180 2,982,814
Capital outlay 3,783,745 18,666,025 15,906,914 7,276,935 Debt service
Interest 763,158 631,316 625,051 1,157,560
Principal payments 200,000 210,000 290,000 10,605,000
Total expenditures 23,292,175 33,403,937 31,218,079 34,873,751 Excess of revenues over (under) expenditures 112,136 (11,396,015) (3,117,313) (10,177,882) - 3,675,000 - 10,055,000
- 52,984 - 800,234
3,749,109 2,247,685 1,569,645 1,496,432
(2,247,685) (3,749,109) (1,569,645) (1,496,432)
924,014
- 3,727,984 - 11,779,248
$ (11,396,015) 3,840,120 $ (3,117,313) $ 1,601,366 $

5.2% 6.1% 6.4% 74.3%
Fiscal Year
Debt service as a percentage of noncapital expenditures Source: City of Agoura Hills financial data
Net change in fund balances
Special Item
Debt proceeds
Premium/(discount) on debt issuance
Transfers in
Transfers out
Proceeds from sale of capital asset
Total other financing sources (uses)
Other Financing Sources (Uses)
122
2018 2019 2020 2021 2022 2023
$ 13,467,759 12,894,034 $ 12,580,449 $ 12,834,290 $ 16,185,672 $ $ 16,199,589 589,666 661,719 567,474 525,474 661,623 790,556
8,460,405 6,745,712 7,730,671 11,747,351 7,250,621 6,584,978 1,266,816 1,217,282 814,876 788,600 1,063,365 1,139,831 98,186 88,793 93,306 86,853 122,111 105,509
1,264,234 1,026,429 925,944 451,118 690,218 1,231,576
728,155 989,254 2,224,920 563,583 2,918,891 348,427
25,875,221 23,623,223 24,937,640 26,997,269 28,892,501 26,400,466 5,064,913 4,162,104 4,545,676 4,218,006 5,123,223 6,237,964 5,051,499 4,665,151 5,325,392 5,038,926 5,060,999 5,472,473 1,890,097 1,646,839 2,285,379 2,291,008 2,741,188 2,419,112 2,990,865 2,857,247 2,658,751 1,723,171 2,505,046 3,139,632 3,563,487 2,709,199 2,908,320 3,754,397 3,295,630 3,540,676 8,589,367 4,302,347 6,955,091 5,504,949 5,579,322 3,162,068 595,400 599,458 583,715 560,064 547,375 528,325
315,000 310,000 330,000 345,000 365,000 380,000
28,060,628 21,252,345 25,592,324 23,435,521 25,217,783 24,880,250 (2,185,407) 2,370,878 (654,684) 3,561,748 3,674,718 1,520,216 - - - - - -
- - - - - -
1,343,659 1,096,808 1,467,260 1,039,825 1,936,005 1,363,005 (1,343,659) (1,096,808) (1,467,260) (1,039,825) (1,936,005) (1,363,005) - 175,000 - - -
- 175,000 - - - -
184,159
$ (2,185,407) 2,730,037 $ (654,684) $ 3,561,748 $ 3,674,718 $ 1,520,216 $

5.7% 4.9% 5.2% 5.3% 4.9% 4.4%
Fiscal Year
123

CITY OF AGOURA HILLS
Tax Revenues by Source, Governmental Funds
Last Ten Fiscal Years
(modified accrual basis of accounting)
Transient Property
Fiscal Property Sales Occupancy Franchise tax in lieu
Year Tax Tax Tax Tax of VLF Total
2014 2,678,400 3,859,515 2,134,688 762,214 1,839,717 11,274,534 2015 2,742,000 3,790,000 2,244,728 800,139 1,938,084 11,514,951 2016 2,819,000 4,471,077 2,764,208 718,696 2,033,448 12,806,429 2017 2,958,298 3,805,109 2,670,834 767,787 2,119,014 12,321,042 2018 3,128,689 3,924,897 2,788,088 799,866 2,216,903 12,858,442 2019 3,203,261 4,330,498 2,807,317 790,763 2,300,159 13,431,997 2020 3,238,290 4,176,609 1,948,347 807,678 2,410,884 12,581,810 2021 3,611,075 4,382,974 1,494,022 820,378 2,498,706 12,807,155 2022 3,698,852 $ 5,555,147 $ 3,426,496 $ 880,542 $ 2,588,444 $ $ 16,149,481 2023 $ 3,585,424 $ 5,167,372 $ 3,512,964 $ 928,113 $ 2,739,417 $ 15,933,290 Change
2014-2023 33.86% 33.89% 64.57% 21.77% 48.90% 41.32%
Notes: Includes all governmental fund types (General, Special Revenue, Capital Projects and Debt Service Funds).

Source: City of Agoura Hills financial data
Property Tax
Sales Tax
Transient Occupancy Tax
Franchise Tax
Property tax in lieu of VLF
2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fiscal Year
124

CITY OF AGOURA HILLS
Assessed Value and Estimated Actual Value of Taxable Property Last Ten Fiscal years
(in thousands of dollars)
Less: Total Taxable Total
Fiscal Personal Tax-Exempt Assessed
Year Land Improvements Property Property Value Tax Rate *
2014 2,185,634 2,175,810 2,173 17,301 4,346,316 0.00%
2015 2,286,622 2,293,585 2,253 17,581 4,564,879 0.00%
2016 2,352,608 2,419,636 2,124 19,540 4,754,828 0.00%
2017 2,439,867 2,543,117 1,935 10,511 4,974,408 0.00%
2018 2,503,374 2,667,460 2,071 20,924 5,151,981 0.00%
2019 2,592,303 2,796,824 2,024 12,042 5,379,109 0.00%
2020 2,679,957 2,926,597 3,118 22,800 5,586,872 0.00%
2021 2,753,262 3,036,487 2,588 18,053 5,774,284 0.00%
2022 2,884,254 3,243,890 2,665 7,365 6,123,444 0.00%
2023 2,993,001 3,445,427 4,376 9,760 6,433,045 0.00%
Note:

Source: County of Los Angeles, Auditor - Controller
In 1978 the voters of the State of California passed Proposition 13 which limited property taxes to a total maximum rate of 1% based upon the assessed value of the property being taxed. Each year, the assessed value of property may be increased by an "inflation factor" (limited to a maximum increase of 2%). With few exceptions, property is only reassessed at a time that it is sold to a new owner. At that point, the new assessed value is reassessed at the purchase price of the property sold. The assessed valuation data shown above represents the only data currently available with respect to the actual market value of taxable property and is subject to the limitations described above. The County does not provide breakout of residential, commercial and industrial assessed values to the cities. 125

CITY OF AGOURA HILLS
Direct and Overlapping Property Tax Rates
Last Ten Fiscal Years
Fiscal Basic Los Angeles School Water Flood Control
Year County (1) County Districts Districts District Tax Rates *
2014 1.0000 0.0000 0.1135 0.0035 0.0000 1.1170
2015 1.0000 0.0000 0.1090 0.0035 0.0000 1.1125
2016 1.0000 0.0000 0.1050 0.0035 0.0000 1.1085
2017 1.0000 0.0000 0.1079 0.0035 0.0000 1.1114
2018 1.0000 0.0000 0.1198 0.0035 0.0000 1.1233
2019 1.0000 0.0000 0.1211 0.0035 0.0000 1.1246
2020 1.0000 0.0000 0.1028 0.0035 0.0000 1.1063
2021 1.0000 0.0000 0.1098 0.0035 0.0000 1.1133
2022 1.0000 0.0000 0.1107 0.0035 0.0000 1.1142
2023 1.0000 0.0000 0.0885 0.0035 0.0000 1.0920
Note: (1)
Source: California Municipal Statistics, Inc.

Overlapping Rates
In 1978, California voters passed Proposition 13 which sets the property tax rate at a 1.00% fixed amount. This 1.00% is shared by all taxing agencies for which the subject property resides within. In addition to the 1.00% fixed amount, property owners are charged taxes as a percentage of assessed property values for the payment of school, water and flood control district bonds. The City of Agoura Hills receives 5.85% of the 1% property tax rate. 126

CITY OF AGOURA HILLS
Principal Property Tax Payers
Current Year and Nine Years Ago
Percentage Percentage
of Total City
Taxable Taxable Taxable Taxable
Assessed Assessed Assessed Assessed
Taxpayer Value Rank Value Value Rank Value
Tishman Speyer Archstone Smith $135,976,487 1 2.22% 159,141,289 $ 1 4.06% Lexington Agoura Hills LLC 2 0.98% 60,225,244
Kids from the Valley V LLC 3 0.93% 56,749,057
Agoura Hills HHG Hotel Development Lp 4 0.91% 55,476,472 Khanna Enterprises LP 5 0.78% 47,949,143 0.00%
FW CA Twin Oaks Shopping Center 6 0.57% 29,979,466 34,788,199 $ 2 ARHC MAGHCA01 LLC 7 0.56% 34,179,773 0.00%
Whizin Market Square LLC 8 0.54% 27,306,230 33,232,661 $ 3 Creekside Shops LLC 9 0.52% 31,900,000
Hankey Investment Company LP 10 0.50% 30,571,903
Best Agoura Design Center LLC 0.00%
Apple Seven Hospitality $ 4 22,050,354 0.56%
Teradyne Inc. $ 5 19,787,182 0.50%
ARI Agoura BP III LP 0.00%
Agoura Hills Business Park LLC 0.00%
Agoura Business Center East LLC $ 6 19,316,463 0.49%
ZDI Agoura LLC 0.00%
Total $6,123,445,642 8.51% 3,922,239,025 $ 5.62%
Source: California Municipal Statistics, Inc.

FY 2021-22
The amounts shown above include assessed value data for both the City and the Redevelopment Agency.

FY 2013-14
127
City of Agoura Hills
Secured Property Tax Levies and Collections
Last Ten Fiscal Years
Taxes Levied Collections
Fiscal for the Percentage 2013 in Subsequent
Year Fiscal Year Amount of Levy Years Amount of Levy
2014 2,298,395 2,196,070 95.55% 35,028 2,231,098 97.07% 2015 2,413,441 2,315,154 95.93% 32,839 2,347,993 97.29% 2016 2,506,669 2,422,101 96.63% 18,062 2,440,163 97.35% 2017 2,607,191 2,511,264 96.32% 43,571 2,554,835 97.99% 2018 2,704,330 2,639,148 97.59% 8,999 2,648,147 97.92%
2019 2,801,070 2,742,935 97.92% 31,898 2,774,833 99.06% 2020 2,894,345 2,776,534 95.93% 64,502 2,841,036 98.16% 2021 3,005,130 2,936,586 97.72% 64,173 3,000,759 99.85% 2022 3,088,114 2,997,965 97.08% 8645 3,006,609 97.36%
2023 3,242,954 3,155,017 97.29% 0 3,155,017 97.29%
Sources:

California Municipal Statistics, Inc.

Collected within the
Fiscal Year of the Levy Total Collections to Date
City of Agoura Hills financial information.

County of Los Angeles, Auditor - Controller.
128

CITY OF AGOURA HILLS
Taxable Sales by Category
Last Ten Calendar Years
(in thousands of dollars)
2013 2014 2015 2016 2017 2018 2019 2020 2021 2022
Autos and Transportation $ 105 104 $ 116$ 114 $ 120 $ 133$ 436$ 135 $ 364 $ $ 493 Building and Construction 158 149 169 183 208 225 239 257 252 284 Business and Industry 680 470 640 653 541 633 562 584 586 635 Food and Drugs 269 270 282 292 285 271 265 285 277 319
Fuel and Service Stations 866 879 741 625 670 774 772 520 842 884 General Consumer Goods* 804 815 811 806 836 810 869 811 1,034 1,029 Restaurants and Hotels 693 647 683 708 767 756 733 593 783 875 Total $ 3,586 3,323 $ 3,442 $ 3,381 $ 3,427 $ 3,602$ 3,876 $ 3,185 $ 4,138 $ $ 4,519 City direct sales tax rate 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% Notes: Calendar year 2021 not available.
* Includes Other Taxable
Source: HdL Companies
Calendar Years
2022
2021
2020
2019
2018
2017
2016
2015
2014
2013
129

CITY OF AGOURA HILLS
Direct and Overlapping Sales Tax Rates
Last Ten Fiscal Years
State of
Fiscal Year City Direct Rate Los Angeles County California 2014 0.00% 1.50% 7.50%
2015 0.00% 1.50% 7.50%
2016 0.00% 1.50% 7.50%
2017 0.00% 1.50% 8%
2018 0.00% 1.50% 8%
2019 0.00% 1.50% 8%
2020 0.00% 1.50% 8%
2021 0.00% 1.50% 8%
2022 0.00% 1.50% 8%
2023 0.00% 1.50% 8%
Source: California State Board of Equalization
130

CITY OF AGOURA HILLS
Ratios of Outstanding Debt by Type
Last Ten Fiscal Years
(dollars in thousands, except per capita)
2008 2013 2016
RDA Tax Lease Lease Total Percentage
Fiscal Allocation Revenue Refunding Primary of Personal Per Year Bonds (1) Bonds (2) Bonds (3) Government Income (a) Capita (a) 2014 5,515 3,675 - 9,190 0.98% 448
2015 - 3,724 - 3,724 0.36% 181
2016 - 3,653 - 3,653 0.35% 177
2017 - 3,576 10,592 14,168 1.33% 668
2018 - 3,499 10,325 13,824 1.22% 658
2019 - 3,417 10,052 13,469 1.19% 646
2020 - 3,336 9,763 13,099 1.05% 633
2021 - 3,249 9,465 12,714 0.98% 615
2022 - 3,157 9,151 12,308 0.88% 595
2023 - 3,060 8,828 11,888 0.83% 587
Notes: (a)
(1)
(2)
(3)
Sources: State of California, Department of Finance
City of Agoura Hills financial data
Governmental Activities
September 1, 2013, the City issued Lease Revenue Bonds to finance a portion of the recreation center project. (See Note 7)
See Schedule for personal income and population data. These ratios are calculated using personal income and population for the prior calendar year.
2008 Tax Allocation Bonds issued June 5 to finance certain redevelopment projects within the Agoura Hills Redevelopment Area. (See Note 15)
2016 Lease Refunding Bonds (See Note 7)
131

CITY OF AGOURA HILLS
Ratio of Net General Bonded Debt Outstanding
Last Ten Fiscal Years
(dollars in thousands, except per capita)
Percentage of
Estimated
Lease Actual Taxable
Refunding Value of Per
Bonds Total Property (1) Capita (2)
2014 $ 14,405 $ 14,405 0.35% $ 702.13
2015 $ 14,195 $ 14,195 0.33% $ 691.49
2016 $ 13,905 $ 13,905 0.30% $ 674.18
2017 $ 13,355 $ 13,355 0.28% $ 629.63
2018 $ 13,045 $ 13,045 0.26% $ 620.66
2019 $ 12,730 $ 12,730 0.25% $ 610.79
2020 $ 12,400 $ 12,400 0.23% $ 599.35
2021 $ 12,055 $ 12,055 0.22% $ 582.68
2022 $ 12,308 $ 12,308 0.21% $ 594.91
2023 $ 11,888 $ 11,888 0.19% $ 586.51
Notes: Details regarding the city's outstanding debt can be found in the notes to the financial statements. (1) See schedule for property value data.
(2) See schedule for population data.

Source: City of Agoura Hills financial data.

Fiscal
Year
132

CITY OF AGOURA HILLS
Direct and Overlapping Governmental Activities Debt
For the Year Ended June 30, 2023
Estimated
Share of
Estimated Direct and
Debt Percentage Overlapping
Governmental Unit Outstanding Applicable (a) Debt
Debt repaid with property taxes
Metropolitan Water District $ 19,215,000 0.171 % $ 32,858 Los Angeles Community College District 4,500,730,000 0.582 26,194,249 Las Virgenes Joint Unified School District 98,247,606 22.269 21,878,759 Other debt
Los Angeles County General Fund Obligations 2,601,551,282 0.329 8,559,104 Los Angeles County Supt. of Schools Certificates of Participation 3,403,487 0.329 11,197 Las Virgenes Joint Unified School District Certificates of Participation 8,572,605 22.269 1,909,033 Subtotal, overlapping debt 58,585,200
City direct debt
City of Agoura Hills General Fund Obligations 11,888,490 100.000 11,888,490 Total direct and overlapping debt $ 70,473,690
within the city multiplied by the total debt outstanding. and non-bonded capital lease obligations.

Sources: California Municipal Statistics, Inc.

City of Agoura Hills financial data
(a) Percentage of overlapping agency's assessed valuation located within the boundaries of the city. The method used (b) Excludes tax and revenue anticipation notes, enterprise revenue, mortgage revenue and tax allocation bonds Notes:
133

CITY OF AGOURA HILLS
Legal Debt Margin Information
Last Ten Fiscal Years
(dollars in thousands)
2023 2022 2021 2020
Debt limit $ 220,541 233,771,897 $ 213,560 $ $ 205,887
- - - -
Legal debt margin $ 233,771,897 $ 220,541 $ 213,560 $ 205,887

0.00% 0.00% 0.00% 0.00%
Assessed Valuations:

Gross Assessed Value $ 6,233,917
Debt Limitation - 3.75% of Total Assessed Value $ 233,771,897 Less debt applicable to limitation -
Legal Debt Margin $ 233,771,897
Notes: Under state finance law, the city's outstanding general obligation debt should not exceed 15 percent of total assessed property value. The Code section was enacted when assesed valuations were based on 25% of full market value. This has since changed to 100% of full market value. By law, the general obligation debt subject to the limitation may be offset by amounts set aside for repaying general obligation bonds.

Sources: County of Los Angeles, Auditor - Controller
City of Agoura Hills financial data
California Municipal Statistics, Inc.

Total net debt applicable to the limit as a
percentage of debt limit
Total net debt applicable to limit
Legal Debt Margin Calculation for Fiscal Year 2023
Fiscal Year
134
2019 2018 2017 2016 2015 2014
$ 189,674 196,923 $ 181,391 $ 174,088 $ 165,786 $ $ 157,301 - - - - - -
$ 189,674 196,923 $ 181,391 $ 174,088 $ 165,786 $ 157,301 $

0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Fiscal Year
135

CITY OF AGOURA HILLS
Demographic and Economic Statistics
Last Ten Calendar Years
Personal Per Percentage
Income Capita
Calendar (thousands Personal Median with at least Unemployment Year Population (1) of dollars) Income (2) Age (2) some college Rate (3) 2014 20,516 933,437 45,498 42.5 96% 3.6%
2015 20,528 1,036,500 50,492 42.5 96% 6.1%
2016 20,625 1,036,241 50,242 43.2 96% 4.3%
2017 21,211 1,066,532 50,282 42.5 95% 3.7%
2018 21,018 1,128,793 53,706 45.0 95% 4.4%
2019 20,842 1,135,952 54,503 44.0 96% 4.2%
2020 20,689 1,242,519 60,057 44.5 96% 16.6%
2021 20,689 1,299,559 62,814 44.5 97% 7.8%
2022 20,689 1,402,321 67,781 44.5 97% 4.4%
2023 20,269 1,438,754 70,983 45.4 99% 4.9%
* Projected figures
(1) Source: State of California, Department of Finance
(2) Source: UCSB Economic Forecast Project
(3) Source: State of California, Employment Development Department, Labor Market Information Division 136

CITY OF AGOURA HILLS
Principal Employers
Current Year and Nine Years Ago
Percentage Percentage
of Total City of Total City
Activity Employees Employment Employees Employment
Company or Organization
Las Virgenes USD Government 534 4.77% 543 4.98%
National Veterinary Associates, Inc. Veterinary Services 347 3.10% Visual Concepts Entertainment Software Development 655 5.85% Private National Mortgage Acceptance Company, LLC Banking 294 2.63% A2 Biotherapeutics, Inc. Research & Development 262 2.34% Teradyne Inc Manufacturing 209 1.87% 220 2.02%
Motor Vehicle Software Corp/VITU Technology 490 4.38%
Joni and Friends Non-Profit 200 1.79%
Epsilon Data Management LLC Advertising Services 121 1.08% Cydcor LLC Administrative Services 138 1.23%
Wood Ranch Restaurant 137 1.22% 100 0.92%
Vons Companies Grocery
Zebra Technologies Manufacturing 147 1.35%
Bank of America Banking 873 8.01%
IBM Corporation Technology 206 1.89%
Farmers Financial Solutions Insurance 151 1.39%
Total Top Employers 3,387 30.24% 2,240 20.55%
Total City Employment (1) 11,200 10,900
2015
Fiscal Year
2023
Source: Results based on direct correspondence with city’s local businesses * Employee Count is based on Agoura Hills school sites only (1.) Total City Employment provided by EDD Labor Force Data 137

CITY OF AGOURA HILLS
Full-time Equivalent City Government Employees by Function/Program Last Ten Fiscal Years
2014 2015 2016 2017
Function/Program
General government 10.30 10.48 10.48 10.49
Community development 6.27 5.30 5.30 5.26
Community services 7.00 7.95 7.95 8.00
Public works 6.00 5.00 5.00 5.00
Building and safety 3.00 3.00 3.00 3.00
Redevelopment/Successor Agency 1.43 1.27 1.27 1.25
Total full-time equivalent employees 34.00 33.00 33.00 33.00 Notes: A full-time employee is scheduled to work 2,080 hours per year (including vacation and sick leave). Full-time-equivalent employment is calculated by dividing total labor hours by 2,080.

Sources: City of Agoura Hills financial information
Fiscal Year
138
2018 2019 2020 2021 2022 2023

10.07 10.25 10.87 10.74 11.52 13.03

5.72 6.50 6.28 6.04 6.94 5.78

8.00 8.00 7.60 6.17 6.65 8.35

5.00 5.00 6.00 5.00 4.34 4.87

3.00 3.00 3.00 3.00 2.05 2.08

1.21 1.25 1.25 1.05 0.66 0.48

33.00 34.00 35.00 32.00 32.17 34.58
Fiscal Year
139

CITY OF AGOURA HILLS
Operating Indicators by Function/Program
Last Ten Fiscal Years
2014 2015 2016 2017
Parks and recreation
Number of City sponsored events 40 44 45 45
Public Works
Street resurfacing (lane miles) 2 2 2 2
Solid Waste
Residential Recycling Collected (pounds)* 15,261,800 14,877,780 15,123,660 15,675,500 Electronics Collected (pounds)* 13,011 10,801 10,504 6,099 Used Oil Collection (gallons) 519 462 415 335
Automobile Battery Collections (pounds) 640 1,000 700 760 Used Paint Collection (gallons) 1,165 1,013 1,120 556
Used Oil Filters (pounds) *
Antifreeze (pounds) *
Transportation
Total route (miles) 121,435 77,582 93,813 93,674
Passengers (annually) 20,296 12,668 10,880 9,070
Note:

Residential Recycling Collected includes items such as paper/cardboard/glass/metal/plastic & greenwaste Anti Freeze and Used Oil Filters did not have a city collection program prior to 2022 Source: Various city departments
Function/Program
140
2018 2019 2020 2021 2022 2023
42 45 18 16 17 18
2 5 5.14 0.13 3.84 2.45
15,646,400 15,770,600 14,928,460 15,537,640 13,765,820 9,529,280 7,857 4,749 5,759 6,907 6,532 2,687
235 467 234 357 2128 250
500 1,338 1,106 239 1,331 800
1,160 912 1212 839 9500 653
65 275
104,180 99,224 60,174 24,026 21,208 15,801
9,014 8,231 5,298 2,843 2,915 2,012
Fiscal Year
141

CITY OF AGOURA HILLS
Capital Asset Statistics by Function/Program
Last Ten Fiscal Years
2014 2015 2016 2017
Public works
Bridges 19 19 19 19
Streets/Highway (miles) 126 126 130 130
Traffic signals 100 100 100 100
Parks and recreation
Basketball courts
Full 1 1 11
Half Courts 3 3 3 3
Community centers 1 1 1 1
Recreation Centers 1 1 1 1
Parks 6 6 66
Tennis courts 9 9 99
Note:

Schedules presenting government-wide information include information beginning in that year.

Source: Various city departments
Function/Program
The City implemented Statement 34 in 2003; however, the City implemented Statement 44 in 2006.

Fiscal Year
142
2018 2019 2020 2021 2022 2023
19 19 19 19 19 19
130 130 130 130 130 130
100 100 103 103 103 103
11 1111
32 2222
11 1111
11 1111
66 6666
88 9999
Fiscal Year
143