Agenda packet — Aliso Viejo City Council, January 17, 2024 (part 1 of 2)

1 AGENDA

ALISO VIEJO CITY COUNCIL
WEDNESDAY, JANUARY 17, 2024
7:00 PM REGULAR MEETING
City Hall
Council Chambers
12 Journey
Aliso Viejo, CA
Mayor Mike Munzing
Mayor Pro Tem Tiffany Ackley
Councilmember Ross Chun
Councilmember Max Duncan
Councilmember Richard W. Hurt
WELCOME to the City of Aliso Viejo City Council meeting. Those persons wishing to address the City Council are requested to complete and submit to the City Clerk a “Request to Address City Council” form available at the entrance to the City Council Chambers. Speakers will be called at the appropriate time as their interested matter is heard. COMMENTS WILL BE LIMITED TO THREE MINUTES PER SPEAKER. Council proceedings are recorded.

It is the City’s intention to comply with the Americans with Disabilities Act (ADA). If you need special assistance to participate in the meeting, the City will make reasonable arrangements to ensure accessibility and/or accommodations. [28 CFR 35.102-35.104 ADA Title II] Please contact the City Clerk’s Office at (949) 425-2505 at least 48 hours prior to the meeting.

Regular meetings of the City Council are held on the first and third Wednesday of the month at the City Hall Council Chambers, 12 Journey, Aliso Viejo. Copies of the agenda are available in the lobby at City Hall on the Thursday preceding a regularly scheduled City Council meeting. All communications received by the City regarding an agenda item have been included in the agenda materials. Supplemental documents relating to specific agenda items, including communications received after agenda delivery, are presented at the dais and in the Public Copy agenda binder at the time of the meeting. Supplemental documents are also available for review in the City Clerk’s office, 12 Journey, Aliso Viejo. For more information, please contact City Hall at (949) 425- 2505.

This meeting will be broadcast live on Cox Communications Channel 851, AT&T U-Verse Channel 99 and the City's website. By attending the City Council Meeting, you are giving permission to be televised. The Council Meetings are rebroadcast on Wednesday at 7:00 p.m. on Cox Communications Channel 851, AT&T U-Verse Channel 99, and can be viewed on the internet at www.avcity.org.

DAVID A. DOYLE SCOTT C. SMITH MITZI ORTIZ

CITY MANAGER CITY ATTORNEY CITY CLERK
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PLEASE SILENCE ALL CELL PHONES AND OTHER

ELECTRONIC EQUIPMENT WHILE CITY COUNCIL IS IN SESSION
CALL TO ORDER: CONVENE REGULAR MEETING

ROLL CALL

PLEDGE OF ALLEGIANCE:

1. SPECIAL PRESENTATIONS:

1.1. RECOGNITION OF 2023 MAYOR RICHARD HURT

2. ADDITIONS, DELETIONS, REORDERING TO THE AGENDA:

3. COMMUNITY INPUT:

Members of the public wishing to address the City Council are requested to complete and submit to the City Clerk a “Request to Address City Council” form available at the entrance to the City Council Chambers. In compliance with the Brown Act, no discussion or action may be taken on comments received at this time, except the City Council may briefly respond to statements made or questions posed. Comments are limited to three (3) minutes per speaker.

4. CONSENT CALENDAR:

All matters listed on the Consent Calendar will be acted upon by one vote unless members of the City Council, or staff request a matter to be discussed and/or removed from the Consent Calendar for separate action. Items removed from the Consent Calendar will be discussed and voted upon immediately following City Council action on the remainder of the Consent Calendar.

4.1. WAIVE THE READING OF ALL ORDINANCES AND RESOLUTIONS Recommended Action: Approve the reading by title only of all ordinances and resolutions wherein the titles appear on the public agenda; said titles shall be determined to have been read by title, and further reading is waived.

4.2. APPROVAL OF MINUTES
Recommended Action: Approve the Minutes as submitted for the December 6, 2023 Special Meeting and the December 6, 2023 Regular Meeting.

Draft Minutes - December 6, 2023 Special Meeting
Draft Minutes - December 6, 2023 Regular Meeting
2 3

4.3. ACCOUNTS PAYABLE
Recommended Action: Ratify accounts payable checks and electronic funds transfers issued between November 9, 2023 and January 4, 2024, in the amount of $3,008,470.40.

Staff Report
Attachment 1 - Accounts Payable Report

4.4. TREASURER'S STATEMENT - NOVEMBER 2023
Recommended Action: Receive and file the November 2023 Treasurer’s Statement.

Staff Report
Attachment 1 - Nov. 2023 Treasurer’s Statement

4.5. FISCAL YEAR 2022-23 ANNUAL COMPREHENSIVE FINANCIAL REPORT Recommended Action: Receive and file the Annual Comprehensive Financial Report (ACFR) for the year ended June 30, 2023.

Staff Report
Attachment 1 - FY 2022-23 ACFR
Attachment 2 - Statement on Auditing Standards 114 Letter Attachment 3 - Management Representation Letter
Attachment 4 - Report on Appropriations Limit
Attachment 5 - Report on Treasurer's Monthly Statement

4.6. RELEASE OF BONDS FOR THE GRADING AND LANDSCAPING IMPROVEMENTS

FOR THE GLAUKOS SITEWORK PROJECT
Recommended Action: Adopt a Resolution exonerating Grading Surety Bond Nos. 0240003 and 0240004 and Landscaping Surety Bond Nos. 0244630 and 0244631 for the Glaukos Sitework Project.

Staff Report
Attachment 1 - Resolution

4.7. APPROVAL OF THE SUBMITTAL OF THE ALICIA PARKWAY TRAFFIC SIGNAL

SYNCHRONIZATION PROJECT TO THE ORANGE COUNTY TRANSPORTATION

AUTHORITY
Recommended Action: Adopt a Resolution approving the submittal of the Alicia Parkway Traffic Signal Synchronization Project to OCTA for funding under the competitive Measure M2 Regional Traffic Signal Synchronization Program (Project P).

Staff Report
Attachment 1 - Resolution

4.8. COMMITMENT TO IMPLEMENT ALL PROJECTS IN THE FEDERAL FISCAL YEAR (FFY) 2024-25 THROUGH 2029-30 FEDERAL TRANSPORTATION IMPROVEMENT

PROGRAM (FTIP)
Recommended Action: Adopt a Resolution certifying that the City has the resources to fund the projects in the FFY 2024-25 through 2029-30 Transportation Improvement Program and affirms its commitment to implement all projects in the program.

Staff Report
Attachment 1 - Resolution
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4.9. APPROVE AUTHORIZED AGENTS TO SIGN FOR EMERGENCY MANAGEMENT

PERFORMANCE GRANTS (EMPG)
Recommended Action: Adopt the California Office of Emergency Services’ Governing Body Resolution designating the City Manager, Director of Financial Services, and Chief of Police Services as authorized agents to execute for and on behalf of the City of Aliso Viejo for the purposes of obtaining federal financial assistance provided by the Department of Homeland Security and subgranted through the State of California for the Emergency Management Performance Grant (EMPG) for three grant cycles.

Staff Report
Attachment 1 - Resolution

5. PUBLIC HEARINGS:

5.1. TIME EXTENSION REQUEST FOR A SITE DEVELOPMENT PERMIT AND TEMPORARY USE PERMIT AT 800 FREEDOM LANE
Recommended Action: Approve, via minute order, a time extension request to extend the validity of a Site Development Permit and Temporary Use Permit to construct a 42,657 square foot medical office building and establish a temporary construction yard at 800 Freedom Lane (SDP-2023-0001).

Staff Report
Attachment 1 - Applicant Letter
Attachment 2 - Project Plans

5.2. CONDITIONAL USE PERMIT FOR AT&T MOBILITY TO INSTALL ANTENNAS ON AN

EXISTING SCE TRANSMISSION TOWER AND CONSTRUCT AN EQUIPMENT ENCLOSURE AT GROUND LEVEL AT 4 LARKMEAD (CASE NO. USE-2023-00023) Recommended Action: Adopt the Resolution approving a Conditional Use Permit for AT&T Mobility to install antennas and remote radio units on an existing SCE transmission tower and place associated equipment within 8’ tall enclosures at ground level at 4 Larkmead (Case No. USE-2023-00023).

Staff Report
Attachment 1 - Resolution
Attachment 2 - Proposed Plans

5.3. CODE AMENDMENT TO ALLOW POLE SIGNS IN COMMERCIAL SHOPPING CENTERS LOCATED ALONG STATE ROUTE 73; AND MASTER SIGN PROGRAM

AND EXCEPTION PERMIT FOR A POLE SIGN WITH A REDUCED NUMBER OF PARKING STALLS AT 26852-27072 LA PAZ ROAD (PA22-005) (APPLICANT:

TARGET)
Recommended Action:

1. Find that the request is exempt from the California Environmental Quality Act pursuant to State CEQA Guidelines Sections 15304 (Class 4: Minor Alterations to Land) and 15311 (Class 11: Accessory Structures);

2. Introduce and give first reading to an Ordinance entitled: AN ORDINANCE OF THE

CITY COUNCIL OF THE CITY OF ALISO VIEJO, CALIFORNIA, AMENDING SECTION 15.34.120 OF THE ALISO VIEJO MUNICIPAL CODE TO ALLOW POLE 4 5

SIGNS IN COMMERCIAL SHOPPING CENTERS LOCATED ALONG STATE ROUTE 73; and

3. Adopt a Resolution approving a Master Sign Program and an Exception Permit for a pole sign with reduced number of parking stalls at 26852-27072 La Paz Road (Applicant: Target).

Staff Report
Attachment 1 - Ordinance
Attachment 2 - Resolution
Attachment 3 - Master Sign Program
Attachment 4 - Presentation

6. DISCUSSION:

6.1. BY-DISTRICT ELECTIONS COMMUNICATION STRATEGY
Recommended Action: Receive and file.

Staff Report

7. CITY MANAGER' S REPORT:

8. ANNOUNCEMENTS / COUNCIL COMMENTS / COMMITTEE UPDATES:

9. ADJOURNMENT:

The next regularly scheduled City Council meeting is February 7, 2023. 5

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Special Meeting Minutes

CITY OF ALISO VIEJO

CITY COUNCIL MINUTES

SPECIAL MEETING
December 6, 2023, 6:30 P.M.

Council Chambers, City Hall, 12 Journey
Aliso Viejo, California
CALL TO ORDER: Mayor Hurt called the Special Meeting of the City Council of the City of Aliso Viejo to order at 6:30 p.m.

ROLL CALL:

PRESENT: MAYOR RICHARD W. HURT

MAYOR PRO TEM MIKE MUNZING

COUNCILMEMBER TIFFANY ACKLEY

COUNCILMEMBER ROSS CHUN

COUNCILMEMBER MAX DUNCAN
ABSENT: NONE
STAFF PRESENT: DAVID A. DOYLE, CITY MANAGER
SCOTT C. SMITH, CITY ATTORNEY
PUBLIC COMMENTS:

None.

CLOSED SESSION:

CONFERENCE WITH LEGAL COUNSEL- ANTICIPATED LITIGATION
Initiation of Litigation Pursuant to Government Code Section 54956.9(d)(4) Number of Potential Cases: 1

CONFERENCE WITH LEGAL COUNSEL - ANTICIPATED LITIGATION
Significant exposure to litigation pursuant to Government Code section 54956.9(d)(2) Number of potential cases: 1
REPORT FROM CLOSED SESSION:

City Attorney Scott Smith stated there was no reportable action taken. 6

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Special Meeting Minutes
ADJOURNMENT: Mayor Hurt adjourned the meeting at 7:05 p.m. to the December 6, 2023 Regular City Council Meeting.

Respectfully submitted: Approved by:
________________________ ________________________

MITZI ORTIZ, MMC RICHARD HURT

CITY CLERK MAYOR
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Regular Meeting Minutes

CITY OF ALISO VIEJO

CITY COUNCIL MINUTES

REGULAR MEETING
December 6, 2023, 7:00 P.M.

Council Chambers, City Hall, 12 Journey
Aliso Viejo, California
CALL TO ORDER: Mayor Hurt called the Regular Meeting of the City Council of the City of Aliso Viejo to order at 7:09 p.m.

ROLL CALL
PRESENT: MAYOR RICHARD W. HURT

MAYOR PRO TEM MIKE MUNZING

COUNCILMEMBER TIFFANY ACKLEY

COUNCILMEMBER ROSS CHUN

COUNCILMEMBER MAX DUNCAN
ABSENT: NONE
STAFF PRESENT: DAVID A. DOYLE, CITY MANAGER

HONGDAO NGUYEN, ASSISTANT CITY ATTORNEY

MITZI ORTIZ, CITY CLERK

ANN EIFERT, FINANCIAL SERVICES DIRECTOR

SHAUN PELLETIER, PUBLIC WORKS DIRECTOR

SO KIM, COMMUNITY DEVELOPMENT DIRECTOR

ISAAC AZIZ, INFORMATION TECHNOLOGY MANAGER
CAPT. ALAN VILLANUEVA, CHIEF OF POLICE SERVICES
PLEDGE OF ALLEGIANCE: Laurel Ackley led the pledge of allegiance.

REPORT FROM CLOSED SESSION:

Assistant City Attorney HongDao Nguyen stated there was no reportable action taken.

1. SPECIAL PRESENTATIONS:

None.

2. ADDITIONS, DELETIONS, REORDERING TO THE AGENDA:

None.
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Regular Meeting Minutes

3. COMMUNITY INPUT:

None.

4. CONSENT CALENDAR:

Unless otherwise indicated below, the following pertains to all items on the Consent Calendar.

Motion: Councilmember Chun moved and Mayor Pro Tem Munzing seconded to approve the recommended actions. Motion carried 5-0.

4.2. APPROVAL OF MINUTES
Recommended Action: Approve the Minutes as submitted for the November 1, 2023 Regular Meeting.

4.3. ACCOUNTS PAYABLE
City Manager David Doyle responded to questions regarding purchases on behalf of the Orange County City Managers Association.

Recommended Action: Ratify accounts payable checks and electronic funds transfers issued between October 13, and November 8, 2023, in the amount of $1,598,534.94.

Motion: Councilmember Ackley moved and Councilmember Chun seconded to approve the recommended actions. Motion carried 5-0.

4.4. TREASURER'S STATEMENT - OCTOBER 2023
Recommended Action: Receive and file the October 2023 Treasurer’s Statement.

4.5. ANNUAL MEASURE M2 EXPENDITURE REPORT
Recommended Action: Adopt Resolution No. 2023-33 approving the City’s annual Measure M2 expenditure report for fiscal year ending June 30, 2023. 9

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Regular Meeting Minutes

4.6. APPROPRIATION OF GRANT FUNDS FROM CALRECYLE
Recommended Action: Authorize the appropriation of $71,231 in grant funding to the Fiscal Year 2023-24 budget.

4.7. AWARD CONTRACT TO HARDY AND HARPER, INC. FOR THE ENTERPRISE STREET REHABILITATION PROJECT – ALISO VIEJO PARKWAY TO ALISO CREEK ROAD
Recommended Action:

1. Approve Contract Documents, Specifications, and Plans for Enterprise Street Rehabilitation Project – Aliso Viejo Parkway to Aliso Creek Road;

2. Award a contract in the amount of $1,284,000 to Hardy & Harper, Inc. as the lowest responsible bidder for the Enterprise Street Rehabilitation Project – Aliso Viejo Parkway to Aliso Creek Road;

3. Authorize the City Manager to execute a contract with Hardy & Harper, Inc.;

4. Authorize City staff to make total compensation to Hardy & Harper, Inc. up to $1,284,000 plus $128,400 (10% of the contract amount) to allow for contingencies, totaling $1,412,400;

5. Declare this project categorically exempt from the California Environmental Quality Act (CEQA) process Per Title 14 of the California Code of Regulations, Chapter 3, Article 19, Section 15301 (Class 1: Existing Facilities); and

6. Authorize the appropriation of $92,400 in SB 1 Funds to the fiscal year 2023-24 budget.

5. PUBLIC HEARINGS:

None.

6. DISCUSSION:

6.1. CITY COUNCIL REORGANIZATION
Mayor Hurt opened for public comment and following persons spoke:

1. Darik Walton expressed support for Mike Munzing to serve as Mayor.

2. Scott White expressed support for Mike Munzing to serve as Mayor.

3. Jason Spielfogel expressed support for Mike Munzing to serve as Mayor.

4. Greg Prete expressed support for Mike Munzing to serve as Mayor.

5. Janine Heft expressed support for Mike Munzing to serve as Mayor.

City Manager David Doyle and Assistant City Attorney HongDao Nguyen responded to questions regarding the process to select Mayor. Mayor Hurt obtained consensus to direct staff to provide options for City Council consideration for the annual selection of Mayor. 10

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Regular Meeting Minutes
City Clerk Mitzi Ortiz opened the floor to accept nominations for Mayor. Councilmember Duncan nominated Mayor Pro Tem Munzing. There were no further nominations for Mayor and nominations were closed.

Motion: Nomination of Mayor Pro Tem Munzing to serve as Mayor for 2024. Motion carried 5-0.

City Clerk Mitzi Ortiz opened the floor to accept nominations for Mayor Pro Tem. Mayor Pro Tem Munzing nominated Councilmember Ackley. There were no further nominations for Mayor Pro Tem and nominations were closed.

Motion: Nomination of Councilmember Ackley to serve as Mayor Pro Tem for 2024.

Motion carried 5-0.

6.2. CITY COUNCIL APPOINTMENTS TO SERVE ON REGIONAL BOARDS,

COMMISSIONS AND COMMITTEES
City Clerk Mitzi Ortiz provided the staff report. Mayor Hurt opened for public comment and following person spoke:

1. Justin Dillon expressed support for Councilmember Chun to be reappointed to the OCFA Board of Directors.

City Council discussion ensued.

Recommended Action:

1. Review and update Council appointment list to regional boards, commissions, and committees; and

2. If needed, adopt a Resolution designating and appointing the City’s representative to the Orange County Fire Authority Board of Directors.

Motion: Mayor Pro Tem Munzing moved and Councilmember Ackley seconded to approve the appointment list as presented. Motion carried 5-0.

7. CITY MANAGER' S REPORT:

City Manager David Doyle expressed appreciation to staff for the All is Bright Holiday Celebration & Tree Lighting Ceremony and wished everyone happy holidays.

8. ANNOUNCEMENTS / COUNCIL COMMENTS / COMMITTEE UPDATES:

Councilmember Chun:
 Expressed appreciation to the City of Laguna Hills for hosting SCAG virtual meetings  Temple Beth El expressed appreciation to the City and Police Services 11

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Regular Meeting Minutes
 Expressed appreciation to Aliso Viejo Youth Council for their work  Expressed appreciation to Shea Equestrian Center for large animal rescue training  Attended Southern California Edison Government Relations Panel  Attended Southern California Edison Community Relations Panel  Thanked staff for All is Bright Holiday Celebration & Tree Lighting Ceremony Councilmember Duncan:
 Thanked staff for All is Bright Holiday Celebration & Tree Lighting Ceremony  Expressed appreciation to Mayor Hurt for his work as Mayor  Thanked Council for their support and mentorship in his first year as a Councilmember Councilmember Ackley:
 Expressed appreciation to Mayor Hurt for his work as Mayor  Congratulated Mayor Pro Tem Munzing on his selection as Mayor for 2024  Announced Wood Canyon Elementary School Winter COMETland fundraiser Mayor Pro Tem Munzing:
 Expressed appreciation to his supporters
 Expressed appreciation to Mayor Hurt for his work as Mayor  Thanked staff for All is Bright Holiday Celebration & Tree Lighting Ceremony  Wished everyone happy holidays
Mayor Hurt:
 Congratulated BN Cleaners on 5-year anniversary
 Expressed appreciation to Council and staff for support in his year as Mayor  Urged residents to volunteer and support those who struggle during holiday season

9. ADJOURNMENT: Mayor Hurt adjourned the meeting at 8:06 p.m. to the regularly scheduled meeting of January 17, 2024.

Respectfully submitted: Approved by:
________________________ ________________________

MITZI ORTIZ, MMC RICHARD HURT

CITY CLERK MAYOR
12 City of Aliso Viejo

AGENDA ITEM
DATE: January 17, 2024
TO: Mayor and City Council
FROM: Ann Eifert, Director of Financial Services

SUBJECT: ACCOUNTS PAYABLE
Recommended Action:

Ratify accounts payable checks and electronic funds transfers issued between November 9, 2023, and January 4, 2024, in the amount of $3,008,470.40.

Fiscal Impact:

Expenditures in the amount of $3,008,470.40.

Background:

The City issues accounts payable checks on a bi-weekly basis and presents it to City Council for ratification at its next regularly scheduled City Council meeting.

Discussion:

The attached register containing checks and electronic funds transfers between November 9, 2023, and January 4, 2024, in the amount of $3,008,470.40 is being presented for ratification. All payments have been made in compliance with the City’s purchasing policy and procedures. Payments have been reviewed and approved by the appropriate departmental staff. The issued accounts payable checks and electronic funds transfers have been reviewed and deemed in accordance with the fiscal year budget by the Director of Financial Services.

Attachment:

1. Accounts Payable Report
13 Accounts Payable
Vendor Name Description (Item) Amount
101 - GENERAL FUND
CALIFORNIA POOLS, INC 22-11-128_53 SPRUCEWOOD_CALIFORNIA POOLS 3,000.00 ALL OC CONSTRUCTION BLDR2023-00397_39 SUNSWEPT_ALL OC CONSTRUCTION 500.00 UNITED OF OMAHA LIFE INSURANCE CO. DEC'23 LIFE INSURANCE 1,485.17 CHOICE BUILDER DEC'23 DENTAL - RC 145.88
CHOICE BUILDER DEC'23 DENTAL - RH 96.90
CHOICE BUILDER DEC'23 DENTAL INSURANCE 2,089.67
CHOICE BUILDER DEC'23 VISION - RH 15.03
CHOICE BUILDER DEC'23 VISION - RC 24.19
CHOICE BUILDER DEC'23 VISION INSURANCE 310.88
CALPERS HEALTH DEC'23 CALPERS HEALTH PREMIUM 24,211.46
CALPERS HEALTH DEC'23 HEALTH PREMIUM - RC 1,815.15
CALPERS HEALTH DEC'23 HEALTH PREMIUM PEMHCA MINIMUM - RC 151.00 SMART MOB 1 LLC PA21-011_121 GRAY AVE STE200_SMART&WELLNESS MGTLLC 2,308.20 WEBB'S GRAINWORKS PA 21-014(SDP)_7 JOURNEY STE A_WEBBS GRAINWORKS 2,410.50 WEBB'S GRAINWORKS PA18-020_7 JOURNEY STE A_WEBBS GRAINWORKS 1,000.00 CONAM BUILDING CO. BLDC-2022-00013_15 MAREBLU_CONAM BUILDING CO 750.00 SMART MOB 1 LLC SDP-2023-00003_121 GRAY AVE STE200_SMART MOB 1 LLC 1,637.00 SPECTRUM SPORTS MANAGEMENT AND TIMING SERVICES SEP-2023-00006_SPECIAL EVENT PERMITS_SPECTRUM SPOR 263.18 SPECTRUM SPORTS MANAGEMENT AND TIMING SERVICES SEP-2023-00006_SCANNING_SPECTRUM SPORTS 38.52 CALPERS HEALTH JAN'24 CALPERS HEALTH PREMIUM 26,457.56
CALPERS HEALTH DEC'23-LT-HEALTH PREMIUM 695.93
CALPERS HEALTH JAN'24 HEALTH PREMIUM - RC 2,195.87
CALPERS HEALTH JAN'24 HEALTH PREMIUM PEMHCA MINIMUM - RC 157.00 CHOICE BUILDER JAN'24 DENTAL INSURANCE 1,884.16
CHOICE BUILDER JAN'24 DENTAL - RH 96.90
CHOICE BUILDER DEC'23 DENTAL - JB 37.27
CHOICE BUILDER DEC'23 DENTAL - AE (96.90)
CHOICE BUILDER DEC'23 DENTAL - NS (145.88)
CHOICE BUILDER JAN'24 DENTAL - RC 145.88
CHOICE BUILDER JAN'24 VISION INSURANCE 292.52
CHOICE BUILDER JAN'24 VISION - RC 24.19
CHOICE BUILDER DEC'23 VISION - AE (18.36)
CHOICE BUILDER JAN'24 VISION - RH 15.03
UNITED OF OMAHA LIFE INSURANCE CO. JAN'24 LIFE INSURANCE 1,547.50 STC TRAFFIC, INC NOV'23 ON-CALL TRAFFIC CONSULTANT SERVICES 2,655.00 CHARLES ABBOTT ASSOC INC OCT'23 ALISO CREEK GRADING - S.WILSON 190.00 CHARLES ABBOTT ASSOC INC OCT'23 GLAUKOS GRADING - S.WILSON 380.00 CHARLES ABBOTT ASSOC INC OCT'23 OS PRO - R. BRUNELL 105.00 CHARLES ABBOTT ASSOC INC OCT'23 MNWD - R. BRUNELL 525.00 CHARLES ABBOTT ASSOC INC OCT'23 GAS COMPANY - R. BRUNELL 52.50 CHARLES ABBOTT ASSOC INC OCT'23 FERREIRA - NOHARRA 315.00 CHARLES ABBOTT ASSOC INC OCT'23 GLAUKOS GRADING - R. BRUNELL 315.00 CHARLES ABBOTT ASSOC INC OCT'23 FERRIERA - R. BRUNELL 2,178.75 CHARLES ABBOTT ASSOC INC OCT'23 COX - R. BRUNELL 105.00 CHARLES ABBOTT ASSOC INC OCT'23 OSPRO- NOHARRA 262.50
CHARLES ABBOTT ASSOC INC OCT'23 SCE - R. BRUNELL 210.00 CHARLES ABBOTT ASSOC INC OCT'23 CITY LIGHTS GRADING - R. BRUNELL 577.50 CHARLES ABBOTT ASSOC INC OCT'23 ALISO CREEK GRADING- NOHARRA 367.50 CHARLES ABBOTT ASSOC INC OCT'23 COX - R. BRUNELL 157.50 CHARLES ABBOTT ASSOC INC OCT'23 GLAUKOS GRADING - NOHARRA 105.00 CHARLES ABBOTT ASSOC INC OCT'23 ALISO CREEK GRADING - R. BRUNELL 131.25 CHARLES ABBOTT ASSOC INC OCT'23 CROWN CASTLY - NOHARRA 105.00 CHARLES ABBOTT ASSOC INC NOV'23 GLAUKOS GRADING - S.WILSON 95.00 CHARLES ABBOTT ASSOC INC NOV'23 ALISO CREEK GRADING - S.WILSON 142.50 KPRS CONSTRUCTION SERVICES INC BLDC-2023-00004_85 ENTERPRISE_KPRS CONSTRUCTION 2,400.00 SUNRUN INSTALLATION SERVICES PV-2023-00175_20 VERMILION CLFS_SUNRUN INSTALLATIO 153.50 14 Vendor Name Description (Item) Amount
SUNRUN INSTALLATION SERVICES PV-2023-00119_19 TIMBERLAND_SUNRUN INSTALLATIO 231.00 SUNRUN INSTALLATION SERVICES PV-2023-00132_49 CLOUDCREST_SUNRUN INSTALLATION 153.50 IPERMIT MECR-2023-00216_23412 PACIFIC PARK DR #16C_IPERMIT 92.65 CHARLES ABBOTT ASSOC INC SEP'23 - COMMONS GRADING - R.BRUNELL 420.00 CHARLES ABBOTT ASSOC INC SEP'23 - WEBBS GRAINWORKS - R.BRUNELL 78.75 CHARLES ABBOTT ASSOC INC SEP'23 - GLAUKOS GRADING 2 - R.BRUNELL 498.75 CHARLES ABBOTT ASSOC INC SEP'23 - COX - R.BRUNELL 105.00 CHARLES ABBOTT ASSOC INC SEP'23 - SUMMIT IV - R.BRUNELL 105.00 CHARLES ABBOTT ASSOC INC SEP'23 - CITY LIGHTS GRADING - R.BRUNELL 630.00 CHARLES ABBOTT ASSOC INC SEP'23 - SCE - R.BRUNELL 52.50 CHARLES ABBOTT ASSOC INC SEP'23 - COX - R.BRUNELL 78.75 CHARLES ABBOTT ASSOC INC SEP'23 - MNWD - R.BRUNELL 892.50 ALAN & BONNIE LEGGETT BLDR-2022-00430_37 CAYMAN_ALAN AND BONNIE 500.00 90,908.30

CITY COUNCIL
RICHARD HURT III RH - 9/19-22/23 LOCC CONFERENCE REIMBURSEMENT 646.96 ROSS CHUN RC - 9/19-22/23 LOCC CONFERENCE REIMBURSEMENT 321.40 US BANK PURCHASING CARD PROGRAM DL 10/25 SOCEC'S CHAIRMAN'S LUNCHEON - MM 75.00 US BANK PURCHASING CARD PROGRAM DL 9/22 HILTON CREDIT FROM LOCC CONF - RC (22.00) AT&T 10/17/23-11/16/23 AT&T FIRSTNET CITY COUNCIL PHONE 237.13 CITY COUNCIL TOTAL: 1,258.49

CITY MANAGER
THOMAS SOLIS 12/6/23 OCCMA HOLIDAY LUNCHEON - ENTERTAINMENT 800.00 CALPERS HEALTH DEC'23-PG-HEALTH PREMIUM 151.00
JENNIFER HORSBURGH 12/06/23 OCCMA HOLIDAY LUNCHEON FLORAL 1,006.39 M&J PAUL ENTERPRISES INC 12.06 OCCMA HOLIDAY LUNCHEON ENTERTAINMENT* 1,590.00 CALPERS HEALTH JAN'24-PG-HEALTH PREMIUM 157.00
CALIFORNIA ASSSOCIATION OF PUBLIC INFORMATION OFFIC…L. TORRES CAPIO PROF PLUS MMBSHIP TO 11/15/24 400.00 MMASC L. TORRES-MMASC MEMBERSHIP_THROUGH 11/15/24 90.00 US BANK PURCHASING CARD PROGRAM DL 10/30 PAYPAL - OCCMA HOLIDAY LUNCHEON COASTERS* 286.14 US BANK PURCHASING CARD PROGRAM DL 10/26 JAY'S CATERING OCCMA - NOVEMBER MTG* 3,176.18 US BANK PURCHASING CARD PROGRAM DL 10/24 JOANN-OCCMA HOLIDAY LUNCHEON FLORALVASES* 159.00 US BANK PURCHASING CARD PROGRAM DL 11/17 IACP MEMBERSHIP - DD 190.00 ORANGE COUNTY REGISTER FY23-24 OC REGISTER SUBS ACCT#150428229-26 WKS 468.60 US BANK PURCHASING CARD PROGRAM LL 11/15 PRSA MMBSHP - L. TORRES 262.00 AT&T 10/17/23-11/16/23 AT&T FIRSTNET HR PHONE 50.45
AT&T 10/17/23-11/16/23 AT&T FIRSTNET CITY MANAGER PHONE 50.45 CITY MANAGER TOTAL: 8,837.21

ECONOMIC DEVELOPMENT
EFUEL LLC JUL-SEP'23 3RD QTR SALES TAX - EFUEL 170,282.00 ECONOMIC DEVELOPMENT TOTAL: 170,282.00

HUMAN RESOURCES
US BANK PURCHASING CARD PROGRAM PC 11/20 ALASKA - LCW 2024 CONF AIR FARE-UPGRADE 22.98 US BANK PURCHASING CARD PROGRAM PC 11/20 ALASKA - LCW 2024 CONF AIR FARE 2/7-9/24 312.80 US BANK PURCHASING CARD PROGRAM PC 11/13 PAYPAL - LCW 2024 CONF REG 2/7-9/24 1,120.00 US BANK PURCHASING CARD PROGRAM PC 10/26 AMAZON - OFFICE SUPPLIES 46.32 CHARLES C STILL NOV'23 - ST - SECURE LIVE SCAN FEES 62.00 HUMAN RESOURCES TOTAL: 1,564.10

CITY CLERK
CALIFORNIA NEWSPAPERS PARTNERSHIP REF0000575103-10/19&26 ENTERPRISE REHAB RFP 858.24 ECS IMAGING INC LASERFICHE ANNU. REN_ENERGOV INTEGRATION & SUPPORT 32,400.00 STAPLES ADVANTAGE NOV'23 CCLK OFFICE SUPPLIES 74.74
KRISTEN DAVIS 10/18-19/23 KD MILEAGE REIMB ECS 21ST ANNUAL CONF 209.00 US BANK PURCHASING CARD PROGRAM LL 11/02 CITY OF BREA M. ORTIZ OCCMA LUNCHEON 63.00 US BANK PURCHASING CARD PROGRAM MO-10/24 UBER TRIP-CCARD CHANGED (REFUND) (23.99) US BANK PURCHASING CARD PROGRAM MO-10/24 UBER TRIP-CCARD CHANGED (REFUND) (26.36) US BANK PURCHASING CARD PROGRAM MO 10/31-LCC 2024 CITY MANAGERS CONF 2/7-9/24 600.00 US BANK PURCHASING CARD PROGRAM MO-11/20 IIMC MMBSHP - K. DAVIS 125.00 CITY CLERK TOTAL: 34,279.63

CITY ATTORNEY
BEST BEST & KRIEGER NOV'23 BBK GENERAL LITIGATION 4,582.07 BEST BEST & KRIEGER NOV'23 BBK GENERAL RETAINER LEGAL SERVICES 24,150.00 BEST BEST & KRIEGER NOV'23 BBK LITIGATION - CC 167.20
15 Vendor Name Description (Item) Amount
BEST BEST & KRIEGER NOV'23 BBK LABOR & EMPLOYMENT 1,592.50 BEST BEST & KRIEGER NOV'23 BBK LABOR & BENEFITS 1,648.90 BEST BEST & KRIEGER NOV'23 BBK AIR FREEDOM LANE 90.00
BEST BEST & KRIEGER NOV'23 BBK 89 PLAYA CIRCLE 3,848.40 BEST BEST & KRIEGER NOV'23 BBK CVRA DEMAND 223.20
BEST BEST & KRIEGER NOV'23 BBK GENERAL PLAN TOWN CTR SPECIFIC PLAN 3,834.50 BEST BEST & KRIEGER OCT'23 BBK GENERAL RETAINER LEGAL SERVICES 24,150.00 BEST BEST & KRIEGER OCT'23 BBK LABOR & EMPLOYMENT 1,917.50 BEST BEST & KRIEGER OCT'23 BBK LABOR & BENEFITS 1,040.00 BEST BEST & KRIEGER OCT'23 MAJOR GENERAL PLAN UPDATE 520.20 BEST BEST & KRIEGER OCT'23 BBK GENERAL LITIGATION 5,949.30 BEST BEST & KRIEGER OCT'23 BBK 89 PLAYA CIRCLE 7,617.40 BEST BEST & KRIEGER OCT'23 BBK CVRA DEMAND 446.40
BEST BEST & KRIEGER OCT'23 BBK GENERAL PLAN TOWN CTR SPECIFIC PLAN 5,202.00 SHENKMAN & HUGHES PC SETTLEMENT-SOUTHWEST VOTER REGISTRATION ED PROJECT 30,000.00 CITY ATTORNEY TOTAL: 116,979.57

FINANCE
HINDERLITER DE LLAMAS & ASSOCIATES OCT-DEC'23 SALES TAX AUDIT SERVICE 365.55 HINDERLITER DE LLAMAS & ASSOCIATES OCT-DEC'23 SALES TAX CONTRACT SERVICE 1,704.01 CHOICE BUILDER DEC'23 ADMIN FEE 35.00
CALPERS HEALTH DEC'23 CALPERS ADMIN FEE 83.26
CALPERS HEALTH DEC'23 CALPERS ADMIN FEE 6.29
CALPERS HEALTH JAN'24 CALPERS ADMIN FEE 93.11
CALPERS HEALTH JAN'24 CALPERS ADMIN FEE 7.53
CHOICE BUILDER JAN'24 ADMIN FEE 35.00
PARS OCT'23 PARS REP FEES 300.00
FEDERAL EXPRESS 12/08/23-SHENKMAN & HUGHES IN MALIBU 27.50 US BANK PURCHASING CARD PROGRAM AE 10/09 CREDIT FROM 06/28 CC FEE-ENERGOV OL TEST (7.17) US BANK PURCHASING CARD PROGRAM AE 11/15 CSMFO ACCOUNTING FOR CAPITAL ASSETS 150.00 US BANK PURCHASING CARD PROGRAM AE 10/24 GOVT FINANCE-PUBLIC PROCUREMENT CLASS REG 315.00 US BANK PURCHASING CARD PROGRAM AE 10/26 GOVT TAX SEMINAR 2023 575.00 US BANK PURCHASING CARD PROGRAM AE 11/07 CMTA INVESTMENT POLICY FNDMNTLS RENEWAL 95.00 US BANK PURCHASING CARD PROGRAM AE 11/01 CSMFO MGMT RENEWAL 135.00 PARS SEP'23 PARS REP FEES 300.00
FINANCE TOTAL: 4,220.08

INFORMATION TECHNOLOGY
AT&T 11/06/23-12/05/23 CH-ALARM/POTS LINE 2,934.69
COX COMMUNICATIONS, INC DEC'23 ACCT #8802 CH INTERNET-FIBER 600MB 1,500.00 AT&T DEC'23 CH AT&T FIBER INTERNET SERVICE 1,695.39
STAPLES ADVANTAGE NOV'23 IT OFFICE SUPPLIES 587.36
SHI INTERNATIONAL CORP FY23-24 BLUEBEAM REVU LICENSES 5,294.50 AT&T 10/06/23-11/05/23 CH-ALARM/POTS LINE 3,106.00
COX COMMUNICATIONS, INC NOV'23 ACCT#0202 CH CABLE TV 178.10 COX COMMUNICATIONS, INC NOV'23 ACCT #8802 CH INTERNET-FIBER 600MB 1,500.00 STAPLES ADVANTAGE OCT'23 IT OFFICE SUPPLIES - HP PLOTTER AND PAPER 481.29 ISAAC AZIZ IA 9/23-9/27/23 ANNUAL MISAC CONF-MILEAGE REIMB 138.86 GOTO COMMUNICATIONS NOV'23 CH GOTO VOIP SERVICE & SUPPORT 1,995.70 LUNAVI, INC NOV'23 OFFSITE BACKUP STORAGE 1,194.11
COX COMMUNICATIONS, INC DEC'23 ACCT#0202 CH CABLE TV (1,321.90) COX COMMUNICATIONS, INC OCT'23 ACCT #8802 CH INTERNET-FIBER 600MB 1,500.00 GO LIVE TECHNOLOGY INC OCT'23 APPLICATION SUPPORT SERVICES 585.00 GOTO COMMUNICATIONS DEC'23 CH GOTO VOIP SERVICE & SUPPORT 1,995.70 COX COMMUNICATIONS, INC NOV'23 ACCT #9302 LAB INTERNET 85.39 NATHAN M KEETER JUL'23 NETWORK SUPPORT & SECURITY 416.67 NATHAN M KEETER AUG'23 NETWORK SUPPORT & SECURITY 416.67 NATHAN M KEETER SEP'23 NETWORK SUPPORT & SECURITY 416.67 NATHAN M KEETER OCT'23 NETWORK SUPPORT & SECURITY 416.67 NATHAN M KEETER NOV'23 NETWORK SUPPORT & SECURITY 416.67 NATHAN M KEETER DEC'23 NETWORK SUPPORT & SECURITY 416.67 AT&T 10/17/23-11/16/23 AT&T FIRSTNET FLEET COMPLETE GPS 202.32 AT&T 10/17/23-11/16/23 AT&T FIRSTNET CITY HALL MIFI 163.96 AT&T 10/17/23-11/16/23 AT&T FIRSTNET EOC MIFI 160.96
AT&T 10/17/23-11/16/23 AT&T FIRSTNET EOC PHONES LINES 109.23 AT&T NOV'23 CH AT&T FIBER INTERNET SERVICE 1,695.39
16 Vendor Name Description (Item) Amount
JOSE RUEL FABELLA DIRA JUL'23 ENERGOV & GIS 1,400.00
JOSE RUEL FABELLA DIRA AUG'23 ENERGOV & GIS 1,100.00
JOSE RUEL FABELLA DIRA SEP'23 ENERGOV & GIS 1,200.00
JOSE RUEL FABELLA DIRA OCT'23 ENERGOV & GIS 2,000.00
SHI INTERNATIONAL CORP OCT'23 SURFACE TB4 DOCK QTY 3 711.83 SHI INTERNATIONAL CORP 11/20/23-11/19/24 MANAGE ENGINE PATCH MGR PLUS LIC 1,800.00 SHI INTERNATIONAL CORP 12/13/23-12/12/24 CISCO MERAKI ENT. ANNUAL LICENSE 10,167.60 US BANK PURCHASING CARD PROGRAM IA 10/28 EOC YOUTUBE SUBSCR 72.99 US BANK PURCHASING CARD PROGRAM IA 11/12 GODADDY.COM ALISOVIEJOFARM RENEWAL 22.17 US BANK PURCHASING CARD PROGRAM IA 11/16 WAITWHILE HTTPS BUSINESS 196.00 US BANK PURCHASING CARD PROGRAM IA 11/11 GODADDY.COM AVCITY DOMAIN RENEWALS 399.11 US BANK PURCHASING CARD PROGRAM IA 11/8 GODADDY.COM ALISOVIEJOCONFERENCECENTER 22.17 US BANK PURCHASING CARD PROGRAM IA 11/15 WAITWHILE SUBSCRIPTION 1.18 US BANK PURCHASING CARD PROGRAM IA 11/1 GODADDY.COM STANDARD SSL RENEWAL 99.99 TANGENT COMPUTERS INC 11/23/23-12/22/23 CH O365 LICENSING AND SUPPORT 2,999.86 LUNAVI, INC DEC'23 OFFSITE BACKUP STORAGE 1,566.59
US BANK PURCHASING CARD PROGRAM SL 11/17 BRUEGGERS BAGELS - CYBER EXERCISE 196.05 US BANK PURCHASING CARD PROGRAM SL 11/08 RALPHS - FOOD COFFEE - CYBER EXERCISE 15.57 INFORMATION TECHNOLOGY TOTAL: 52,253.18

NON-DEPARTMENTAL
RICOH USA DEC'23 RICOH C5200S-COPY ROOM LEASE (3260) 728.59 RICOH USA DEC'23 RICOH C5200S-COPY ROOM LEASE INTEREST(3260) 1.33 GREAT SCOTT TREE SERVICE, INC NOV'23 VISTA PARK TREE TRIMMING 5,994.00 CIVICPLUS LLC 8/31/23-8/30/24 CIVICPLUS WEBSITE MAINT & HOSTING 5,736.08 RICOH USA DEC'23 RICOH 2504 BACK OFFICE PRINTS (4542) 56.07 CINTAS CORPORATION NO. 2 NOV'23 CH FIRST AID SUPPLIES 304.72 CINTAS CORPORATION NO. 2 DEC'23 CH FIRST AID SUPPLIES 281.25 ALISO VIEJO COMMUNITY ASSOCIATION JAN-MAR'24 35 PLAYA CIR MASTER HOA FEES 134.39 ALISO VIEJO COMMUNITY ASSOCIATION JAN-MAR'24 38 COLONIAL WAY HOA FEES 148.62 CERTIFIED RECORDS MANAGEMENT NOV'23 - RECORDS OFF SITE STORAGE 451.48 RICOH USA NOV'23 RICOH C5200S - COPY ROOM LEASE (3260) 728.15 RICOH USA NOV'23 RICOH C5200S-COPY ROOM LEASE INTEREST(3260) 1.77 BLUETRITON BRANDS INC OCT'23 CH-COFFEE/WATER FILTRATION & FLTR SV 59.00 RICOH USA AUG-OCT'23 RICOH 2504EX SUITE 200 PRINTS (2936) 22.85 RICOH USA OCT'23 RICOH 2504EX FRONT COUNTER PRINTS (4456) 161.77 RICOH USA AUG-OCT'23 RICOH C5200S COPY ROOM PRINTS (3260) 351.03 RICOH USA NOV'23 RICOH RSI CLOUD SUBSCRIPTION (SW1860708) 23.15 RICOH USA NOV'23 RICOH 2504 BACK OFFICE PRINTS (4542) 56.85 STAPLES ADVANTAGE OCT'23 - COPY&BREAKROOM SUPPLIES NON DEPARTMENTAL 162.63 QUADIENT FINANCE USA, INC QUADIENT POSTAGE-ADDED 10/27/23 500.00 QUADIENT LEASING USA INC 8/29-11/28/2023 POSTAGE MACHINE LEASE 590.39 CERTIFIED RECORDS MANAGEMENT DEC'23 - RECORDS OFF SITE STORAGE 435.58 CINDY COLLINS 11/13 CC-CASH GRATUITY WEDGEWOOD STAFF 203.00 BLUETRITON BRANDS INC NOV'23 CH-COFFEE/WATER FILTRATION & FLTR SVC 79.00 DS SERVICES OF AMERICA, INC 12/7 CH BOTTLED WATER SERVICE 105.89 RICOH USA DEC'23 RICOH 2504EX FRONT COUNTER PRINTS (4456) 146.36 RICOH USA 2504EX SUITE 200 PRINTS (2936) AND RSI CLOUD SUB 23.15 NIEVES LANDSCAPE INC SEP'23 VISTA PARK LANDSCAPE MAINTENANCE - PLANTING 3,535.00 NIEVES LANDSCAPE INC NOV'23 VISTA PARK LANDSCAPE MAINTENANCE 1,028.96 STAPLES ADVANTAGE NOV'23 ND COPY&BREAKROOM SUPPLIES NON DEPARTMENTAL 55.53 FEDERAL EXPRESS 12/14/23-BUS ENTITIES/SEC OF ST IN SACRAMENTO 83.27 VOYAGER FLEET SYSTEMS INC NOV'23 VEHICLE FUEL - CITY 866.58 MOULTON NIGUEL WATER DIST 10/16/23-11/19/23 METER#2206 VISTA 649.47 US BANK PURCHASING CARD PROGRAM DL 11/09 OFFICE SIGN-NAME PLATE & BADGE - L TORRES 52.67 US BANK PURCHASING CARD PROGRAM LL 11/01 BEYOND THAI CC DINNER 142.15 US BANK PURCHASING CARD PROGRAM PC 11/08 TARGET - CH HOLIDAY STORAGE 18.25 US BANK PURCHASING CARD PROGRAM PC 11/08 HOBBY LOBBY - CH HOLIDAY TREE & DECO 615.26 US BANK PURCHASING CARD PROGRAM PC 10/31 RALPHS - POTLUCK/CC MTG SODAS 150.86 VANTIS MAINTENANCE CORPORATION DEC'23-JUN'24 38 COLONIAL WAY HOA FEES 2,623.53 IPROMOTEU.COM INC BUS CARDS-L TORRES 47.36
IPROMOTEU.COM INC BUS CARDS-M DELGADILLO 47.36
IPROMOTEU.COM INC BUS CARDS-E MCCANN 95.90
NIEVES LANDSCAPE INC SEP'23 VISTA PARK LANDSCAPE MAINTENANCE - PLANTS 262.32 17 Vendor Name Description (Item) Amount
NIEVES LANDSCAPE INC SEP'23 VISTA PARK IRRIGATION REPAIRS 1,195.05 NON-DEPARTMENTAL TOTAL: 28,956.62
C. S. ADMINISTRATION
ADVANTAGE MAILING, LLC WINTER 2024 BROCHURE 32 PAGES 12,940.83 JONES FOREST PRODUCTS LLC 2023 AV HOLIDAY TREE - REMOVAL SERVICE 1,500.00 CALPERS HEALTH DEC'23-HW-HEALTH PREMIUM 151.00
CALPERS HEALTH DEC'23-DP-HEALTH PREMIUM 151.00
CABCO YELLOW INC OCT'23 SMP FUND R&CS CONTRIB TRANSPORTATION SVC 521.50 M&J PAUL ENTERPRISES INC FINAL PMT - 2023 TREE LIGHTING 4,662.50 M&J PAUL ENTERPRISES INC 12/16 SANTA AND MRS CLAUS-CRAFTS WITH THE CLAUSES 1,290.00 AMAZON CAPITAL SERVICES INC OCT'23 WANDS FOR WIZARDING WORKSHOP 15.00 AMAZON CAPITAL SERVICES INC OCT'23 AVR ZAP IT BUG REMOVER 43.09 AMAZON CAPITAL SERVICES INC OCT'23 AVR REPLACEMENT BATTERIES CITY CAR KEY FOB 5.54 AMAZON CAPITAL SERVICES INC OCT'23 AVR DISPOSABLE GLOVES SIZE MEDIUM 18.31 AMAZON CAPITAL SERVICES INC OCT'23 AVR DISPOSABLE GLOVES SIZE MEDIUM 18.31 EVER AFTER EVENT PRODUCTIONS LLC 11/30/23 FROZEN CHARACTER - TREE LIGHTING 1,088.00 ROMAN CHAVEZ 11/30/23 TREE LTG STANCHIONS-TABLES-LINENS-CHAIRS 1,772.70 PV MAINTENANCE INC NOV'23 TREE LIGHTING 2023 - PVM SUPPORT 4,459.00 CALPERS HEALTH JAN'24-HW-HEALTH PREMIUM 157.00
CALPERS HEALTH JAN'24-DP-HEALTH PREMIUM 157.00
SPECIAL EVENT CONTRACTORS LLC PERMIT FEE - 2023 AV HOLIDAY TREE PLATFORM 591.57 UNITED SITE SERVICES OF CALIFORNIA, INC 11/30-12/01/23 TREE LIGHTING EVT - RESTROOM RENTAL 603.40 CABCO YELLOW INC NOV'23 SMP FUND R&CS CONTRIB TRANSPORTATON SVC 248.50 JOSEPH EDWARD KATCHKA PHOTOGRAPHY - TREE LIGHTING 2023 525.00 US BANK PURCHASING CARD PROGRAM JNL 10/24 NRPA - PLAYGROUND CERT TEST PREP 590.00 US BANK PURCHASING CARD PROGRAM JNL 11/15 EVENTBRITE EVENT PROMOTION 24.99 US BANK PURCHASING CARD PROGRAM JNL 11/02 VIDDAY - VETERANS APPREC VIDEO UPDATE 1.50 US BANK PURCHASING CARD PROGRAM JNL 11/02 VIDDAY - VETERANS APPRECIATION VIDEO 1.50 AMAZON CAPITAL SERVICES INC COLLAPSABLE WAGON AV RANCH 129.29 AMAZON CAPITAL SERVICES INC COLLAPSABLE WAGON AV RANCH 129.29 AMAZON CAPITAL SERVICES INC 4 PACK TRAFFIC WAND FOR TREE LIGHTING 2023 30.71 AMAZON CAPITAL SERVICES INC FOAM CHRISTMAS STICKERS FOR CWC 2023 16.15 AMAZON CAPITAL SERVICES INC HOLIDAY SPRINKLES COOKIE DECORATING CWC 2023 14.90 AMAZON CAPITAL SERVICES INC FOAM GLITTER STICKERS FOR CWC 2023 14.00 AMAZON CAPITAL SERVICES INC MINI BLACK TOP HATS FOR CWC 2023 12.92 AMAZON CAPITAL SERVICES INC A BIT OF AN APPLAUSE FOR MRS. CLAUS BOOK CWC 2023 10.66 AMAZON CAPITAL SERVICES INC COTTON BALLS FOR CWC 2023 9.69 AMAZON CAPITAL SERVICES INC YARN FOR CWC 2023 7.37
AMAZON CAPITAL SERVICES INC 4 JET-PUFFED MARSHMALLOWS FOR CWC 2023 6.36 AMAZON CAPITAL SERVICES INC DISPOSABLE CHOPSTICKS CRAFTS WITH CLAUSES 2023 5.27 AMAZON CAPITAL SERVICES INC ADDITIONAL YARN FOR CWC 2023 3.69 AMAZON CAPITAL SERVICES INC 48 PACK AA BATTERIES FOR TREE LIGHTING 2023 14.12 AMAZON CAPITAL SERVICES INC WIZARD WANDS RETURN ORDER (15.00) AMAZON CAPITAL SERVICES INC ADDITIONAL SPRINKLES FOR COOKIES FOR CWC 2023 17.95 US BANK PURCHASING CARD PROGRAM JB 10/24 HOBBY L0BBY CWC BACKDROP SNOWFLAKE 32.48 US BANK PURCHASING CARD PROGRAM JB 10/25 LOWES SANTA MAILBOX 2023 TREE LIGHTING 139.00 US BANK PURCHASING CARD PROGRAM JB 10/26 HOBBY L0BBY LIGHT UP NECKLACES 2023 TL 79.65 US BANK PURCHASING CARD PROGRAM JB 11/21 SMART & FINAL TL SNACKS 2023 TREE LIGHTIN 74.14 US BANK PURCHASING CARD PROGRAM JB 11/17 HOBBY LOBBY SANTA HATS 2023 TREE LIGHTING 193.30 US BANK PURCHASING CARD PROGRAM JB 11/06 WALMART STRING LIGHTS 2023 TREE LIGHTING 12.93 US BANK PURCHASING CARD PROGRAM JB 11/02 COSTCO HEALTH FAIR SNACKS 53.54 US BANK PURCHASING CARD PROGRAM JB 10/24 HOBBY L0BBY TREE STICK DECORE 2023 TL 195.17 US BANK PURCHASING CARD PROGRAM JB 11/21 SMART & FINAL CWC PRIZES 46.69 US BANK PURCHASING CARD PROGRAM JB 11/10 RALPHS WOODLAND ADVENTURE WORKSHOP 5.49 US BANK PURCHASING CARD PROGRAM JB 11/07 WALMART STRING LIGHTS 2023 TL - RETURN (12.93) US BANK PURCHASING CARD PROGRAM JB 11/02 COSTCO CWC WRAPPING PAPER 15.57 ROMAN CHAVEZ 11/30/23 TREE LIGHTING WHITE FENCING RENTAL 507.00 C. S. ADMINISTRATION TOTAL: 33,286.64

IGLESIA PARK
EL TORO WATER DISTRICT NOV'23 MTR#4114 IGLESIA PARK 439.29 EL TORO WATER DISTRICT NOV'23 MTR#3499 IGLESIA PARK 479.73 SO CAL EDISON OCT'23 ACCT#7997 IGLESIA PARK 235.04
NIEVES LANDSCAPE INC NOV'23 IGLESIA LANDSCAPE MAINTENANCE 6,846.00 NIEVES LANDSCAPE INC OCT'23 IGLESIA VALVE REPAIR 448.35 18 Vendor Name Description (Item) Amount
SO CAL EDISON NOV'23 ACCT#7997 IGLESIA PARK 324.29
NIEVES LANDSCAPE INC AUG'23 IGLESIA FALLEN TREE BRANCH REMOVAL 625.00 NIEVES LANDSCAPE INC NOV'23 IGLESIA FALLEN TREE BRANCH REMOVAL 200.00 EL TORO WATER DISTRICT OCT'23 MTR#4114 IGLESIA PARK 358.41 EL TORO WATER DISTRICT OCT'23 MTR#3499 IGLESIA PARK 385.37 IGLESIA PARK TOTAL: 10,341.48

IGLESIA BUILDING
TEAM ONE MANAGEMENT SERVICES DEC'23 IGLEISA JANITORIAL SERVICES 950.00 SONITROL ORANGE COUNTY LLC DEC'23 IGLESIA ACCESS CONTROL 104.18 EL TORO WATER DISTRICT NOV'23 MTR#5016 IGLESIA PARK BLDG 236.04 HARBOR POINTE AIR CONDITIONING & CONTROL SYSTEMS, …9/07/23 IPCC HVAC PREVENTATIVE MAINTENANCE 182.85 SO CAL EDISON OCT'23 ACCT#7997 IGLESIA BLDG 1,031.30
SO CAL EDISON NOV'23 ACCT#7997 IGLESIA BLDG 703.02
TEAM ONE MANAGEMENT SERVICES IGLESIA BUILDING JANITORIAL 950.00 ZAPP PEST MANAGEMENT NOV'23 PEST CONTROL SERVICES IGLESIA PARK 75.00 EL TORO WATER DISTRICT OCT'23 MTR#5016 IGLESIA PARK BLDG 240.82 IGLESIA BUILDING TOTAL: 4,473.21

IGLESIA PARK COMMUNITY CENTER
BOYS & GIRLS CLUB OF CAPISTRANO VALLEY NOV'23 ELEMENTARY & TEEN KEYSTONE PROGRAM 22,228.01 BOYS & GIRLS CLUB OF CAPISTRANO VALLEY OCT'23 ELEMENTARY & TEEN KEYSTONE PROGRAM 13,994.92 IGLESIA PARK COMMUNITY CENTER TOTAL: 36,222.93

PLANNING
REBECCA J CAHA NOV'23 AFFORD. HOUSING CONSULTANT SERVICES 1,537.50 REBECCA J CAHA DEC'23 AFFORD. HOUSING CONSULTANT SERVICES 1,612.50 AMBER GREGG NICHOLAS SEP-NOV'23 HOUSING ELEMENT CONSULTING 9,100.00 CALPERS HEALTH DEC'23-MF-HEALTH PREMIUM 151.00
CIVIC SOLUTIONS INC OCT'23 GB AVTC CONSULTING SERVICES 817.00 SO KIM SK - NOV'23 URBAN LAND INSTITUTE FALL CONF REIMB 150.32 REBECCA J CAHA OCT'23 AFFORD. HOUSING CONSULTANT SERVICES 2,587.50 TYLER TECHNOLOGIES-INCODE DIVISION 11/01/23-10/31/24 ENERGOV ANNUAL LICENSING FEES 64,652.00 BRIAN JAMES CORNELIUS 10/02-11/30/23 AVTC PLANNING CONSULTATION SERVICES 4,050.00 CALPERS HEALTH JAN'24-MF-HEALTH PREMIUM 157.00
CIVIC SOLUTIONS INC NOV'23 GB AVTC CONSULTING SERVICES 774.00 US BANK PURCHASING CARD PROGRAM IA 10/30 CONSTANTCONTACT.COM SUBSCR 45.00 US BANK PURCHASING CARD PROGRAM SK 10/24 URBAN LAND INST - LB MEMBERSHIP -ULI CONF 264.00 US BANK PURCHASING CARD PROGRAM SK 11/01 HOTEL FIGUEROA LA - ULI FALL CONFERENCE 29.55 US BANK PURCHASING CARD PROGRAM SK 11/02 LADOT PARKING LA - ULI FALL CONFERENCE 8.00 US BANK PURCHASING CARD PROGRAM SK 11/01 SNACK BUBBLE U - ULI FALL CONFERENCE 6.58 US BANK PURCHASING CARD PROGRAM SK 10-23 URBAN LAND INST - ULI FALL CONFERENCE 1,186.00 US BANK PURCHASING CARD PROGRAM SK 10/25 URBAN LAND INST - LB MEETINGS-ULI CONF 237.50 US BANK PURCHASING CARD PROGRAM SK 11/01 2LEVY LA CONV CTR - ULI FALL CONFERENCE 5.48 PLANNING TOTAL: 87,370.93

BUILDING
CHARLES ABBOTT ASSOC INC NOV'23 CAA CONTRACT SERVICES - BUILDING 34,866.95 CHARLES ABBOTT ASSOC INC OCT'23 CAA CONTRACT SERVICES - BUILDING 38,633.17 BUILDING TOTAL: 73,500.12

CODE ENFORCEMENT
CHARLES ABBOTT ASSOC INC NOV'23 CAA CONTRACT SERVICES - CODE ENFORCEMENT 8,330.00 CHARLES ABBOTT ASSOC INC OCT'23 CAA CONTRACT SERVICES - CODE ENFORCEMENT 9,095.00 CODE ENFORCEMENT TOTAL: 17,425.00

ENGINEERING (GENERAL)
MURPHY SWITCH OF CA DEC'23 MURCAL IOT SMARTCOMMAND MONITORING SERVICE 450.00 RICHARD FISHER ASSOCIATES NOV'23 LANDSCAPE INSPECTION SERVICES 6,072.91 PV MAINTENANCE INC DEC'23 WAREHOUSE LEASE 1,035.00
QUANG LE NOV'23 SOUTH OC ENG MEETING REIMB - QL SP 53.20 CHARLES ABBOTT ASSOC INC OCT'23 NPDES 16,182.50
CHARLES ABBOTT ASSOC INC OCT'23 SOLID WASTE 4,660.00
CHARLES ABBOTT ASSOC INC NOV'23 CAA CONTRACT SERVICES - ENVIRONMENTAL NPDES 14,337.50 CHARLES ABBOTT ASSOC INC NOV'23 CAA CONTRACT SERVICES - ENVIRNMTSOLID WASTE 2,030.00 COUNTY OF ORANGE FY23-24_SOC CO-OP WATERSHED AGREEMENT 6,821.87 AT&T 10/17/23-11/16/23 AT&T FIRSTNET PUBLICWORKS TABLET 120.72 RICHARD FISHER ASSOCIATES OCT'23 LANDSCAPE INSPECTION SERVICES 3,907.53 US BANK PURCHASING CARD PROGRAM SP 10/24 CEAOC NOV MEETING SP QL 100.00 19 Vendor Name Description (Item) Amount
US BANK PURCHASING CARD PROGRAM SP 10/24 OC PKG CLIMATE POLLUTION REDUC GRANT WKSH 5.00 STATE WATER RESOURCES CONTROL BOARD FY23-24 ANNUAL NPDES PERMIT FEES 26,498.00 ENGINEERING (GENERAL) TOTAL: 82,274.23

STREET MAINTENANCE
US BANK PURCHASING CARD PROGRAM EM 9/27 JIFFY LUBE FORD F150 TRUCK OIL CHANGE 131.04 US BANK PURCHASING CARD PROGRAM EM 10/05 HOME DEPOT MISC SUPPLIES 90.25 US BANK PURCHASING CARD PROGRAM EM 9/26 HOME DEPOT MISC TOOLS 49.36 US BANK PURCHASING CARD PROGRAM EM 10/11 HOME DEPOT ALISO CREEK MEDIAN PHOTO CELL 33.88 PV MAINTENANCE INC NOV'23 STREET MAINTENANCE 17,856.82
CHARLES ABBOTT ASSOC INC OCT'23 STREET INVESTIGATION - R.BRUNELL/N.OHARRA 4,016.25 CHARLES ABBOTT ASSOC INC SEP'23 PUBLIC WORKS STREET MAINTENANCE - R.BRUNELL 5,565.00 STREET MAINTENANCE TOTAL: 27,742.60

LAW ENFORCEMENT-CONTRACT
COUNTY OF ORANGE JAN'24 LAW ENFRCMNT |BODY CAMERAS | IN-CAR VIDEO 814,017.58 COUNTY OF ORANGE DEC'23 LAW ENFRCMNT |BODY CAMERAS | IN-CAR VIDEO 814,017.58 LAW ENFORCEMENT-CONTRACT TOTAL: 1,628,035.16

LAW ENFORCEMENT-OTHER
ALL CITY MANAGEMENT SERVICES 10/15-10/28/23 456 HRS - CROSSING GUARD SERVICES 14,113.20 STAPLES ADVANTAGE NOV'23 POLICE SERVICES - KEYBOARD AND MOUSE PAD 79.28 STAPLES ADVANTAGE NOV'23 POLICE SERVICES - USB MULTI PORT 58.16 STAPLES ADVANTAGE NOV'23 POLICE SERVICES - HEADSET 86.19 STAPLES ADVANTAGE NOV'23 POLICE SERVICES - PORTABLE STORAGE 118.51 ALL CITY MANAGEMENT SERVICES 10/29-11/11/23 368 HRS - CROSSING GUARD SERVICES 11,389.60 ALL CITY MANAGEMENT SERVICES 11/12-11/25/23 229.5 HRS - CROSSING GUARD SERVICES 7,103.03 US BANK PURCHASING CARD PROGRAM AV 11/14 5.11 INC TACTICAL GEAR-PATROL OPERATIONS 1,323.71 US BANK PURCHASING CARD PROGRAM RD 11/03 THE TOLL ROADS NOVEMBER 2023 STATEMENT 575.00 US BANK PURCHASING CARD PROGRAM RD 11/03 CHEVRON PATROL VEH WASH-AV HLTH SFTY FAIR 37.99 US BANK PURCHASING CARD PROGRAM RD 11-21 12/20 WEDGEWOOD AVPS EVENT-1/2 OF TOTAL 674.73 US BANK PURCHASING CARD PROGRAM RD 11/08 COSTCO WATER-DUI CHECKPOINT-AV 30 PEOPLE 67.65 US BANK PURCHASING CARD PROGRAM RD 11/08 SGT PEPPERONI-DUI CHECKPOINT-AV 30 PEOPLE 273.38 US BANK PURCHASING CARD PROGRAM RD 10/27 STAPLES BOXES TO STORE MOTOR DEPUTY EQUIP 49.54 US BANK PURCHASING CARD PROGRAM RD 10/24 RIPP HOBBLE RESTRAINT FOR SGT PATROL CAR 56.58 US BANK PURCHASING CARD PROGRAM RD 11/14 5.11 INC-TACTICAL GEAR-PATROL OPERATIONS 1,029.55 AT&T 10/17/23-11/16/23 AT&T FIRSTNET PALS PHONE LINE 45.41 LAW ENFORCEMENT-OTHER TOTAL: 37,081.51

CRIME PREVENTION
ALISO VIEJO SELF STORAGE JAN'24 STORAGE UNIT RENT #75 425.00 ALISO VIEJO SELF STORAGE OCT-DEC'23 STORAGE UNIT RENT #75 1,310.00 CRIME PREVENTION TOTAL: 1,735.00

ANIMAL CONTROL
CITY OF MISSION VIEJO OCT-DEC'23 ANIMAL SERVICES 118,373.00 ANIMAL CONTROL TOTAL: 118,373.00
EOC
US BANK PURCHASING CARD PROGRAM SL 10/23 WPY - OCEMO MEETING AWARDS AND LUNCHEON 50.00 US BANK PURCHASING CARD PROGRAM SL 11/03 CANVA PRO - POLICE SERVICES 119.99 EOC TOTAL: 169.99
GENERAL FUND TOTAL: 2,667,570.98
102 - GEN. FD-CITY HALL

NON-DEPARTMENTAL
TEAM ONE MANAGEMENT SERVICES DEC'23 CH JANITORIAL SERVICES 2,700.00 SONITROL ORANGE COUNTY LLC DEC'23 CITY HALL INTRUSION DETECTION 367.04 SONITROL ORANGE COUNTY LLC DEC'23 CITY HALL ACCESS CONTROL 580.38 ENTRY CONTROL, INC DEC'23 KEY DUBLICATES MADE 170.78
FOSTERS' GARDENS INC DEC'23 CH INTERIOR PLANT MAINTENANCE 115.00 DEPARTMENT OF INDUSTRIAL RELATIONS DEC'23 CH CONVEYANCE 225.00 ALISO VIEJO COMMUNITY ASSOCIATION JAN-MAR'24 CH MASTER HOA FEES 2,045.92 HARBOR POINTE AIR CONDITIONING & CONTROL SYSTEMS, …8/01/23 CH IT SERVER UNIT REPAIR - ADD REFRIGERANT 840.45 HARBOR POINTE AIR CONDITIONING & CONTROL SYSTEMS, …SEP'23 CH HVAC PREVENTATIVE MAINTENANCE 1,786.65 HARBOR POINTE AIR CONDITIONING & CONTROL SYSTEMS, …11/16 & 11/22/23 CH HVAC SERVER ROOM LEAK CHECK 1,210.90 NIEVES LANDSCAPE INC NOV'23 CH LANDSCAPE MAINTENANCE 678.00 THURSTON ELEVATOR CONCEPTS INC DEC'23 CH ELEVATOR MAINTENANCE 134.00 20 Vendor Name Description (Item) Amount
THE GAS COMPANY 10/31/23-12/01/23 MTR#16122180 CH GAS 624.22 MOULTON NIGUEL WATER DIST 10/16/23-11/19/23 METER#8510 CH WATER SVC 168.88 MOULTON NIGUEL WATER DIST 10/16/23-11/19/23 METER#6010 CH WATER SVC 169.09 MOULTON NIGUEL WATER DIST 10/16/23-11/19/23 METER#7051 CH WATER SVC 336.23 SO CAL EDISON NOV'23 ACCT#7189 CITY HALL 5,418.53
TEAM ONE MANAGEMENT SERVICES NOV'23 CH JANITORIAL SERVICES 2,700.00 ZAPP PEST MANAGEMENT NOV'23 PEST CONTROL SERVICES CH 75.00 FOSTERS' GARDENS INC NOV'23 CH INTERIOR PLANT MAINTENANCE 115.00 BRADY INDUSTRIES OF CALIFORNIA LLC NOV'23 CH JANITORIAL SUPPLIES 676.74 US BANK PURCHASING CARD PROGRAM KB 11/20 THE HOME DEPOT-FAN FOR SERVER ROOM 92.38 US BANK PURCHASING CARD PROGRAM KB 11/20 THE HOME DEPOT-SERVER RM VENT FOR PORT AC 40.89 NON-DEPARTMENTAL TOTAL: 21,271.08
GEN. FD-CITY HALL TOTAL: 21,271.08
103 - GF-AV RECREATION SERVICES
KELLY KRESSIN CWC REFUND-ADMIN FEE - RECEIPT 63437232 5.00 KELLY KRESSIN CWC REFUND - RECEIPT 63437232 15.00

20.00 RECREATION SERVICES
AT&T 11/06/23-12/05/23 AVR-ALARM/POTS LINE 978.23
ROXANNE BELL FALL2023-FCS172 DANCE-1 PARTICIPANT 94.50
KIMBERLY DOWNEY ESMOND FALL2023-FCS039/FCS036 DANCE-7 PARTICIPANTS 373.80 TLP EDUCATION LLC FALL2023-FCS241 SPANISH-3 PARTICIPANTS 243.00 KIANA BERKMAN FALL2023-FCS294 HOMEWORK CLUB-1 PARTICIPANT 175.00 SARA GUTIERREZ FALL2023-FCS231 SENIOR BOXING-3 PARTICIPANTS 183.60 EPC PLAYTIME FALL2023-FCS081 PLAYBALL-7 PARTICIPANTS 504.00 TUMBLE-N-KIDS, INC FALL2023-FCS123/068/902/053 TUMBLE-N-KIDS-13 PARTI 594.00 CAROLYN WOJCIECHOWSKI FALL2023-FCS182/186/224/228 DANCE-38 PARTICIPANTS 756.00 KIMBERLY KRANTZ FALL2023-FCS157 POETRY-4 PARTICIPANTS 108.00 MUSIC MOVES ACADEMY INC FALL2023-FCS025 MUSIC-7 PARTICIPANTS 84.00 SONITROL ORANGE COUNTY LLC DEC'23 AVCENTER AND AVQUATICS ACCESS CONTROL 119.24 SONITROL ORANGE COUNTY LLC DEC'23 AVRANCH ACCESS CONTROL 510.07 DS SERVICES OF AMERICA, INC AUG'23 AVR BOTTLE WATER SERVICE - LATE CHARGE 10.00 FOSTERS' GARDENS INC DEC'23 AVR INTERIOR PLANT MAINTENANCE 110.00 CINTAS CORPORATION NO. 2 NOV'23 AVR FIRST AID SUPPLIES 108.33 CINTAS CORPORATION NO. 2 DEC'23 AVR FIRST AID SUPPLIES 107.13 AT&T DEC'23 AVR AT&T INTERNET SERVICE 1,009.89
NIEVES LANDSCAPE INC DEC'23 AVR NEW YARROW 1,202.06
THE KNOT WORLDWIDE INC WEDDING PRO PROGRAM SUBSCRIPTION - THE BARN AVR 7,500.00 AT&T 10/06/23-11/05/23 AVR-ALARM/POTS LINE 1,035.38
RUIHONG LI FALL2023-FCS219 PILATES-6 PARTICIPANTS 252.00 SARA GUTIERREZ FALL2023-FCS230 SENIOR BOXING-1 PARTICIPANT 61.20 EPC PLAYTIME FALL2023-FCS079 PLAYBALL-8 PARTICIPANTS 590.40 TUMBLE-N-KIDS, INC FALL2023-FCS122/FCS901/FCS058 GYMNASTICS-9 PARTICI 589.20 BREAKTHROUGH SPORTS LLC FALL2023-FCS264/FCS261 BASKETBALL-14 PARTICIPANTS 638.40 PRESS-TIGE ENTERPRISES INC OCT '23 DRY CLEANING SERVICES 1,796.25 GARDAWORLD NOV'23 AVR CASH COURIER SERVICE 462.22
ERNA VAN DYK FALL2023-FCS106 WATERCOLOR-8 PARTICIPANTS 168.00 L & O ALISO VIEJO, LLC FALL2023-FCS249 PICKLEBALL-1 PARTICIPANT 49.00 DS SERVICES OF AMERICA, INC 10/25 AVR BOTTLED WATER SERVICE 95.32 TEAM ONE MANAGEMENT SERVICES OCT'23 AVR JANITORIAL SERVICES 5,000.00 LYONS SECURITY SERVICE IN OCT'23 AVR RENTAL SECURITY 4,395.00 LYONS SECURITY SERVICE IN OCT'23 GCF SECURITY SERVICES 1,110.00 ENTRY CONTROL, INC NOV'23 AVR REKEY AND KEY LOCKSMITH SERVICES 30.12 FITNESS WITH FLAVOR LLC FALL2023-FCS194/FCS197/FCS118/FCS800 DANCE-15 PART 981.60 LAURELINDA HAUKSSON FALL2023-FCS091-3 PARTICIPANTS ATTENDED 1 CLASS 39.60 GOTO COMMUNICATIONS NOV'23 AVR GOTO VOIP SERVICE & SUPPORT 665.23 AARON FLORA OCT'23 RENEWABLE FARMS - 90% GROSS REVENUE 29,716.20 AARON FLORA OCT'23 RENEWABLE FARMS - CREDIT CARD FEES (536.76) AARON FLORA OCT'23 RENEWABLE FARMS - UTILITIES (956.64) JOY E. TORRES FALL2023-FCS138/FCS213/FCS214 YOGA-9 PARTICIPANTS 624.00 KIMBERLY DOWNEY ESMOND FALL2023-FCS27/28/109/110 DANCE-30 PARTICIPANTS 2,397.60 SKYHAWKS SPORTS ACADEMY, INC FALL2023-FCS400/FCS401 MULTISPORT-19 PARTICIPANTS 1,755.60 ROUND STAR WEST, LLC FALL2023-FCS070/074/075/076/125 SOCCER-23 PARTIC 2,098.80 21 Vendor Name Description (Item) Amount
GARDAWORLD DEC'23 AVR CASH COURIER SERVICE 452.13
WADORYU USA INC FALL2023-FCS134 KARATE-1 PARTICIPANT 49.00 RUIHONG LI FALL2023-FCS220/FCS217 PILATES/YOG-9 PARTICIPANTS 378.00 READWRITE EDUCATIONAL SOLUTIONS INC FALL2023-FCS012 PRE-K READINESS-2 PARTICIPANTS 162.00 FITNESS WITH FLAVOR LLC FALL2023-FCS195/FCS198/FCS119 HIP HOP-23 PART 744.00 TUMBLE-N-KIDS, INC FALL2023-FCS062/FCS056 TUMBLE-N-KIDS-17 PARTICI 510.00 MUSIC MOVES ACADEMY INC FALL2023-FCS024 MUSIC-10 PARTICIPANTS 240.00 JOHN DAVID ALLEN JR FALL2023-FCS142/086 TENNIS-10PARTICIPANTS 323.40 ERNA VAN DYK FALL2023-FCS162/FCS102 ART-9 PARTICIPANTS 159.00 GARDAWORLD NOV'23 AVR CASH COURIER SERVICE - EXCESS PREM TIME 84.88 DS SERVICES OF AMERICA, INC 8/30 AVR BOTTLED WATER SERVICE 78.32 LYONS SECURITY SERVICE IN NOV'23 AVR EVENT SECURITY SERVICES 3,945.00 LYONS SECURITY SERVICE IN NOV'23 GCF SECURITY SERVICES 885.00 CONSOLIDATED ELECTRICAL DISTRIBUTORS, INC DEC'23 FARM GLOBE LIGHTS AND MISC CONNECTORS 183.10 PSI3G, INC DBA PARTITION SPECIALTIES, INC AVR PARTITION TROLLY REPAIR 4,777.00 PSI3G, INC DBA PARTITION SPECIALTIES, INC FY23-24 AVR PARTITION WALL MAINTENANCE SERVICES 6,260.00 NIEVES LANDSCAPE INC NOV'23 RANCH LANDSCAPE MAINTENANCE 2,262.67 STAPLES ADVANTAGE NOV'23 RCS OFFICE SUPPLIES 89.42
MOULTON NIGUEL WATER DIST 10/16/23-11/19/23 METER#0819 FARM 128.77 MOULTON NIGUEL WATER DIST 10/23/23-11/27/23 METER#1100 FARM 277.83 MOULTON NIGUEL WATER DIST 10/16/23-11/19/23 METER#5356 RANCH 336.23 MOULTON NIGUEL WATER DIST 10/16/23-11/19/23 METER#7892/6534 RANCH 674.63 MOULTON NIGUEL WATER DIST 10/23/23-11/27/23 METER#0958 RANCH 222.65 MOULTON NIGUEL WATER DIST 10/16/23-11/19/23 METER#0973 RANCH 95.09 GOTO COMMUNICATIONS DEC'23 AVR GOTO VOIP SERVICE & SUPPORT 665.23 US BANK PURCHASING CARD PROGRAM JNL 11/07 WHENTOWORK RENEWAL 220.00 SO CAL EDISON NOV'23 ACCT#4551 FARM 627.90
SO CAL EDISON NOV'23 ACCT#6247 AVR 3,270.38
AARON FLORA NOV'23 RENEWABLE FARMS - UTILITIES (1,034.50) AARON FLORA NOV'23 RENEWABLE FARMS - CREDIT CARD FEES (249.40) AARON FLORA NOV'23 RENEWABLE FARMS - 90% GROSS REVENUE 14,148.00 CAROLYN WOJCIECHOWSKI FALL2023-FCS181/185/223/227 DANCE-41 PARTICIPANTS 666.00 ERNA VAN DYK FALL2023-FCS161/FCS101 ART - 12 PARTICIPANTS 792.00 READWRITE EDUCATIONAL SOLUTIONS INC FALL2023-FCS008 READING MATH & MORE-4 PARTICIPANTS 597.60 MUSIC MOVES ACADEMY INC FALL2023-FCS022 MUSIC - 7 PARTICIPANTS 357.00 URBAN ATTIC LLC FALL2023-FCS703 KNIT WORKSHOP-5 PARTICIPANTS 174.00 TIMOTHY DANA BOWEN FALL2023-FCS087 LEGO-8 PARTICIPANTS 408.00 BREAKTHROUGH SPORTS LLC FALL2023-FCS266 BASKETBALL-9 PARTICIPANTS 486.00 ZAPP PEST MANAGEMENT NOV'23 PEST CONTROL SERVICES AVR 95.00 AT&T 10/17/23-11/16/23 AT&T FIRSTNET REC PHONE LINES 181.64 AT&T 10/17/23-11/16/23 AT&T FIRSTNET REC TABLET 40.24
AT&T NOV'23 AVR AT&T INTERNET SERVICE 1,009.89
TEAM ONE MANAGEMENT SERVICES NOV'23 AVR JANITORIAL SERVICES 5,080.00 FOSTERS' GARDENS INC NOV'23 AVR INTERIOR PLANT MAINTENANCE 110.00 CAPISTRANO UNIFIED SCHOOL DISTRICT AUG'23 CUSD TRANSPORTATION - SUMMER CAMP 2,175.00 NIEVES LANDSCAPE INC NOV'23 - AVR REMOVAL OF CONCRETE STAINS 43.00 BRADY INDUSTRIES OF CALIFORNIA LLC NOV'23 AVR JANITORIAL SUPPLES 776.04 COUNTY OF ORANGE ENVIRONMENTAL HEALTH - AVRANCH RESTAURANT 571.62 TANGENT COMPUTERS INC 11/23/23-12/22/23 AVR O365 LICENSING AND SUPPORT 529.39 US BANK PURCHASING CARD PROGRAM JB 11/09 TARGET C SIZE BATTERIES 13.78 US BANK PURCHASING CARD PROGRAM KB 11/08 THE HOME DEPOT-PLANT PLACARD PROJECT 169.08 US BANK PURCHASING CARD PROGRAM KB 10/24 AMAZON-PATHWAY LTS TRANSFORMER-FARM SIDE 278.20 US BANK PURCHASING CARD PROGRAM KB 10/23 AMAZON-PATHWAY LTS TRANSFORMER-FARM SIDE 75.09 US BANK PURCHASING CARD PROGRAM KB 11/01 THE HOME DEPOT-SEALS & GASKETS-POND VALVE 54.87 RECREATION SERVICES TOTAL: 123,477.74
GF-AV RECREATION SERVICES TOTAL: 123,497.74
203 - GAS TAX

TRAFFIC ENGINEERING
WOOD RODGERS, INC NOV'23 STORM DRAIN CONDITION ASSESSMENT 4,845.00 HARTZOG & CRABILL INC NOV'23 TRAFFIC SIGNAL MONITORING 1,250.00 WOOD RODGERS, INC OCT'23 STORM DRAIN CONDITION ASSESSMENT 900.00 HARTZOG & CRABILL INC OCT'23 TRAFFIC SIGNAL MONITORING 1,562.50 TRAFFIC ENGINEERING TOTAL: 8,557.50
22 Vendor Name Description (Item) Amount

STREET MAINTENANCE
BEAR ELECTRICAL SOLUTIONS INC NOV'23 TRAFFIC SIGNAL MAINTENANCE ROUTINE 3,162.60 EL TORO WATER DISTRICT NOV'23 METER#5675 CALLE CORTEZ MEDIAN 112.51 SAN DIEGO GAS & ELECTRIC OCT'23 ST LIGHTS & TRAFFIC CTRLRS 2,577.62 SO CAL EDISON OCT'23 ACCT#8254 TC1 ST LIGHTS 4,086.02
PV MAINTENANCE INC NOV'23 STREET MAINTENANCE 21,825.00
SCA OF CA LLC NOV'23 STREET SWEEPING SERVICES 8,668.66
NIEVES LANDSCAPE INC NOV'23 MEDIANS LANDSCAPE MAINTENANCE 1,586.00 MOULTON NIGUEL WATER DIST 10/23/23-11/27/23 METER#8838 MEDIANS 936.62 MOULTON NIGUEL WATER DIST 10/23/23-11/27/23 METER#6544 MEDIANS 599.75 MOULTON NIGUEL WATER DIST 10/23/23-11/27/23 METER#2066 MEDIANS 108.67 SO CAL EDISON NOV'23 ACCT#85254 TC1 STREET LIGHTS 4,264.29 UNDERGROUND SERVICE ALERT OF SOUTHERN CA NOV'23 DATABASE MAINT + 37 TICKETS 74.75 BEAR ELECTRICAL SOLUTIONS INC OCT'23 TRAFFIC SIGNAL MAINTENANCE RESPONSE 6,025.95 BEAR ELECTRICAL SOLUTIONS INC OCT'23 TRAFFIC SIGNAL MAINTENANCE ROUTINE 3,162.60 SCA OF CA LLC OCT'23 STREET SWEEPING SERVICES 8,668.66
NIEVES LANDSCAPE INC SEP'23 - MEDIAN IRRIGATION REPAIR 27.50 EL TORO WATER DISTRICT OCT'23 MTR#5675 CALLE CORTEZ MEDIAN 163.96 SO CAL EDISON NOV'23 ACCT#6377 LS2 ST LIGHTS 1,350.57
SO CAL EDISON NOV'23 ACCT#7241 LS1 ST LIGHTS 17,110.70
STREET MAINTENANCE TOTAL: 84,512.43
GAS TAX TOTAL: 93,069.93
204 - MEASURE M

GEN-MEASURE M
CABCO YELLOW INC OCT'23 SMP M2 FUND TRANSPORTATION SVC 2,086.00 CABCO YELLOW INC NOV'23 SMP M2 FUND TRANSPORTATION SVC 994.00 GEN-MEASURE M TOTAL: 3,080.00
MEASURE M TOTAL: 3,080.00
215 - PUBLIC SAFETY GRANTS

LAW ENFORCEMENT-OTHER
COUNTY OF ORANGE JAN'24 ECITATIONS|MTRCYCLE REPLCMNT|MOBILE DATA 5,932.50 COUNTY OF ORANGE NOV'23 AUTOMATED FINGERPRINT IDENTIFICATION SYSTEM 1,843.00 COUNTY OF ORANGE DEC'23 AUTOMATED FINGERPRINT IDENTIFICATION SYSTEM 1,843.00 COUNTY OF ORANGE DEC'23 ECITATIONS|MTRCYCLE REPLCMNT|MOBILE DATA 5,932.50 LAW ENFORCEMENT-OTHER TOTAL: 15,551.00
PUBLIC SAFETY GRANTS TOTAL: 15,551.00
225 - INTEGRATED WASTE MGMT FD

GEN-TECHNOLOGY GRANTS
CHARLES ABBOTT ASSOC INC OCT'23 SB1383 1,572.50
CHARLES ABBOTT ASSOC INC NOV'23 SB1383 SERVICES 3,135.00 GEN-TECHNOLOGY GRANTS TOTAL: 4,707.50
INTEGRATED WASTE MGMT FD TOTAL: 4,707.50
231 - OTHER GRANTS

OTHER GRANTS
GO LIVE TECHNOLOGY INC OCT'23 SOLAR APP IMPLEMENTATION 405.00 TYLER TECHNOLOGIES-INCODE DIVISION 12/01/23-10/31/24 TYLER DECISION ENGINE 7,975.00 GO LIVE TECHNOLOGY INC NOV'23 SOLAR APP IMPLEMENTATION 337.50 OTHER GRANTS TOTAL: 8,717.50
OTHER GRANTS TOTAL: 8,717.50
241 - TECHNOLOGY FUND

GEN-TECHNOLOGY GRANTS
ERIC WINTER OCT'23-CC MTG10/4 SPRTSZONE7-11/SITEVSTS&ADMIN 998.38 THOMAS E BYSTRY JUN-SEP'23 INSTALL SPEAKER AND BY-PASS SWITCH 423.00 THOMAS E BYSTRY SEP'23 INCIDENT CALL FOR THOR TRANSMITTER 250.00 GEN-TECHNOLOGY GRANTS TOTAL: 1,671.38
TECHNOLOGY FUND TOTAL: 1,671.38
23 Vendor Name Description (Item) Amount
251 - FEDERAL GRANTS

OTHER GRANTS
ATLAS PLANNING SOLUTIONS NOV-DEC'23 HAZARD MITIGATION PLAN CONSULTANT SVCS 5,301.00 ATLAS PLANNING SOLUTIONS OCT'23 HAZARD MITIGATION PLAN CONSULTANT SERVICES 2,141.00 OTHER GRANTS TOTAL: 7,442.00

GEN-FEDERAL GRANT
MIKE LINARES INC JUL'23 CDBG CONSULTANT SERVICES 495.00 MIKE LINARES INC AUG'23 CDBG CONSULTANT SERVICES 1,265.00 MIKE LINARES INC SEP'23 CDBG CONSULTANT SERVICES 1,320.00 FAMILY ASSISTANCE MINISTRIES Q1 FY23-24 CDBG PROF SERVICES-TRANSITIONAL HOUSING 2,016.26 FAIR HOUSING FOUNDATION FAIR HOUSING FOUNDATION 1,080.96 GEN-FEDERAL GRANT TOTAL: 6,177.22
FEDERAL GRANTS TOTAL: 13,619.22
261 - CITY FAC.-AQUATIC CENTER
PREMIER AQUATIC SERVICES DEC'23 AQC RETENTION FEES (1,208.30) -1,208.30

GEN-AQUATIC CENTER
GREAT SCOTT TREE SERVICE, INC NOV'23 AQC TREE TRIMMING 3,970.00 TEAM ONE MANAGEMENT SERVICES DEC'23 AQC JANITORIAL SERVICES 2,100.00 HASA INC DEC'23 AQC POOL CHEMICALS CHLROINE & ACID 1,138.79 ALISO VIEJO BANQUET CENTER LLC NOV-DEC'23-AQ CTR-MTR#4987 ELECTRICITY 2,602.87 GARDAWORLD NOV'23 AQC CASH COURIER SERVICE 502.34
KNORR SYSTEMS INC OCT'23 AQC MONTHLY MAINTENANCE SERVICES 1,983.25 KNORR SYSTEMS INC NOV'23 AQC - KIDDIE POOL HEATER CONTROL BOARD 416.59 HARBOR POINTE AIR CONDITIONING & CONTROL SYSTEMS, …SEP'23 AQC HVAC PREVENTATIVE MAINTENANCE 248.89 HASA INC OCT'23 AQC POOL CHEMICALS CHLORINE & ACID 986.24 US BANK PURCHASING CARD PROGRAM EM 9/22 HOME DEPOT - AQC MISC HARDWARE 10.61 GARDAWORLD DEC'23 AQC CASH COURIER SERVICE 512.43
KNORR SYSTEMS INC NOV'23 AQC MONTHLY MAINTENANCE SERVICES 1,983.23 PREMIER AQUATIC SERVICES DEC'23 AQC MANAGEMENT FEES 12,083.00 NIEVES LANDSCAPE INC NOV'23 AQC LANDSCAPE MAINTENANCE 912.48 NIEVES LANDSCAPE INC NOV'23 AQC SPRINKLERS REPAIRED 121.00 HASA INC NOV'23 AQC POOL CHEMICALS CHLORINE & ACID 1,215.05 THE GAS COMPANY 11/01/23-12/04/23 MTR#15672349 AQC GAS 3,782.33 MOULTON NIGUEL WATER DIST 10/16/23-11/19/23 METER#6054 AQC WATER SVC 323.82 MOULTON NIGUEL WATER DIST 10/16/23-11/19/23 METER#2996 AQC WATER SVC 233.49 US BANK PURCHASING CARD PROGRAM EM 10/26 THE HOME DEPOT - AQC OLIVE TREE X-MAS LTS 53.85 PREMIER AQUATIC SERVICES NOV'23 REIMB AQC 11/29 MELODEE ICE CREAM 993.40 PREMIER AQUATIC SERVICES NOV'23 REIMB AQC 11/29 MELODEE ICE CREAM 1,034.86 PREMIER AQUATIC SERVICES NOV'23 REIMB AQC 11/27 AMAZON LIGHTS - SWIM PROG 56.00 PREMIER AQUATIC SERVICES NOV'23 REIMB AQC 11/02 HOME DEPOT SEALANT HOLES 9.35 PREMIER AQUATIC SERVICES NOV'23 REIMB AQC 11/27 AMAZON TOYS - SWIM PROG 70.05 PREMIER AQUATIC SERVICES NOV'23 REIMB AQC 11/15 HOME DEPOT - HAZMAT EQUIP 157.13 PREMIER AQUATIC SERVICES NOV'23 REIMB AQC 11/29 CHEVRON PROPANE FOR HEATERS 56.01 PREMIER AQUATIC SERVICES NOV'23 REIMB AQC JACKRABBIT JULY AUG SEPT OCT DEC 1,225.00 PREMIER AQUATIC SERVICES NOV'23 REIMB AQC 11/06 AMAZON MEMORYCARD SWIM PROG 28.00 PREMIER AQUATIC SERVICES NOV'23 REIMB AQC 11/27 AMAZON - LAMINATOR SUPPLIES 30.68 PREMIER AQUATIC SERVICES NOV'23 REIMB AQC 11/30 RALPHS TREE LIGHTING SUPPL 27.01 PREMIER AQUATIC SERVICES NOV'23 REIMB AQC 11/06 DOMINOS PIZZA - PROF DEV 52.54 PREMIER AQUATIC SERVICES NOV'23 REIMB AQC 11/10 RALPHS-HOT COCOA & APPLES 91.36 PREMIER AQUATIC SERVICES NOV'23 REIMB AQC 11/01 FACEBOOK AD 1,055.77 PREMIER AQUATIC SERVICES NOV'23 AQC 11/13 WALMART SUPPLIES EVENT-RETURN (7.71) PREMIER AQUATIC SERVICES NOV'23 REIMB AQC 11/11 WALMART FILM-SWIM PROG 62.90 PREMIER AQUATIC SERVICES NOV'23 REIMB AQC 11/10 WALMART SUPPLIES FOR EVENT 34.66 PREMIER AQUATIC SERVICES NOV'23 REIMB AQC 11/11 RALPHS CARAMEL SAUCE-APPLES 17.16 PREMIER AQUATIC SERVICES NOV'23 AQC 11/11 WALMART FILM-SWIM PROG-RETURN (53.23) PREMIER AQUATIC SERVICES NOV'23 REIMB AQC 11/10 DOLLARTREE SUPPLIES EVENT 13.57 PREMIER AQUATIC SERVICES SEP'23 REIMB AQC - VORGEE SWIM MERCHANDISE 1,979.34 COX COMMUNICATIONS, INC NOV'23 ACCT#6701 AQC INTERNET 154.54 ZAPP PEST MANAGEMENT NOV'23 PEST CONTROL SERVICES AQC 75.00 SIERRA ANALYTICAL LABS INC NOV'23 AQC BACKFLOW RV REPAIR 665.00 TEAM ONE MANAGEMENT SERVICES NOV'23 AQC JANITORIAL SERVICES 2,100.00 24 Vendor Name Description (Item) Amount
US BANK PURCHASING CARD PROGRAM KB 10/23 WALMART-UNIFORM PANTS WORN IN PUMP RM-AQC 73.86 PREMIER AQUATIC SERVICES OCT'23 REIMB AQC 10/10 HOME DEPOT TOOLS 53.63 PREMIER AQUATIC SERVICES NOV'23 REIMB AQC JACKRABBIT PARENT PORTAL 245.00 PREMIER AQUATIC SERVICES OCT'23 REIMB AQC 10/02 ALPHA WATER SYST POOL ACID 152.75 PREMIER AQUATIC SERVICES OCT'23 REIMB AQC 10/24 AMAZON CLEANING SUPPLIES 23.04 PREMIER AQUATIC SERVICES OCT'23 REIMB AQC 10/18 AMAZON OFFICE SUPPLIES 7.32 PREMIER AQUATIC SERVICES OCT'23 REIMB AQC 10/24 AMAZON PRINTER TONER 191.18 PREMIER AQUATIC SERVICES OCT'23 REIMB AQC 10/18 AMAZON PRINTER PAPER 50.86 PREMIER AQUATIC SERVICES OCT'23 REIMB AQC 10/24 AMAZON OFFICE SUPPLIES 24.65 PREMIER AQUATIC SERVICES OCT'23 REIMB AQC 10/10 THE HABIT TEAM LUNCH MTG 42.16 PREMIER AQUATIC SERVICES OCT'23 REIMB AQC 10/05 HIGH TIDE COFFEE MTG 16.10 PREMIER AQUATIC SERVICES OCT'23 REIMB AQC 10/09 TRADER JOES PUMPKINS EVENT 62.30 PREMIER AQUATIC SERVICES AUG'23 REIMB AQC 8/02 PROVEN BUSINESS CARDS 117.19 PREMIER AQUATIC SERVICES OCT'23 REIMB AQC 10/30 TJMAXX -EVENT PUMPKIN DECO 8.60 PREMIER AQUATIC SERVICES SEP'23 REIMB AQC FACEBOOK ADVERTISING MARKETING 1,499.13 PREMIER AQUATIC SERVICES OCT'23 REIMB AQC FACEBOOK ADVERTISING MARKETING 913.53 PREMIER AQUATIC SERVICES AUG'23 REIMB AQC FACEBOOK ADVERTISING MARKETING 345.63 PREMIER AQUATIC SERVICES NOV'23 REIMB AQC 11/13 TRADER JOES PUMPKINS PROGRA 29.37 GEN-AQUATIC CENTER TOTAL: 48,964.95
CITY FAC.-AQUATIC CENTER TOTAL: 47,756.65
331 - CAPITAL IMPROVEMENTS

CAPITAL IMPROVEMENTS
PV MAINTENANCE INC NOV'23 AQUATIC CENTER 5,217.42
CAPITAL IMPROVEMENTS TOTAL: 5,217.42
CAPITAL IMPROVEMENTS TOTAL: 5,217.42
332 - STORM WATER

DRAINAGE IMPROVEMENTS
PV MAINTENANCE INC OCT'23 #091 DAIRY FORK WETLANDS MAINTENANCE 369.00 PV MAINTENANCE INC NOV'23 #091 DAIRY FORK WETLANDS MAINTENANCE 2,371.00 DRAINAGE IMPROVEMENTS TOTAL: 2,740.00
STORM WATER TOTAL: 2,740.00
GRAND TOTAL: 3,008,470.40
Fund Summary
Fund Expense Amount Payment Amount
101 - GENERAL FUND 2,667,570.98 2,667,570.98
102 - GEN. FD-CITY HALL 21,271.08 21,271.08
103 - GF-AV RECREATION SERVICES 123,497.74 123,497.74
203 - GAS TAX 93,069.93 93,069.93
204 - MEASURE M 3,080.00 3,080.00
215 - PUBLIC SAFETY GRANTS 15,551.00 15,551.00
225 - INTEGRATED WASTE MGMT FD 4,707.50 4,707.50
231 - OTHER GRANTS 8,717.50 8,717.50
241 - TECHNOLOGY FUND 1,671.38 1,671.38
251 - FEDERAL GRANTS 13,619.22 13,619.22
261 - CITY FAC.-AQUATIC CENTER 47,756.65 47,756.65
331 - CAPITAL IMPROVEMENTS 5,217.42 5,217.42
332 - STORM WATER 2,740.00 2,740.00
Grand Total: 3,008,470.40 3,008,470.40
25 Accounts Payable Payable Dates: 11/09/2023 - 01/04/2024 1/4/2024 11:01:31 AM Page 13 of 16
Report Summary
Fund Summary
Fund Payment Amount
101 - GENERAL FUND 2,667,570.98
102 - GEN. FD-CITY HALL 21,271.08
103 - GF-AV RECREATION SERVICES 123,497.74
203 - GAS TAX 93,069.93
204 - MEASURE M 3,080.00
215 - PUBLIC SAFETY GRANTS 15,551.00
225 - INTEGRATED WASTE MGMT FD 4,707.50
231 - OTHER GRANTS 8,717.50
241 - TECHNOLOGY FUND 1,671.38
251 - FEDERAL GRANTS 13,619.22
261 - CITY FAC.-AQUATIC CENTER 47,756.65
331 - CAPITAL IMPROVEMENTS 5,217.42
332 - STORM WATER 2,740.00
Grand Total: 3,008,470.40
Account Summary
Account Number Account Name Payment Amount
101-1203-000 ACCOUNTS RECEIVABLE 4,011.02
101-2505-000 DENTAL INSURANCE PA… 4,253.88
101-2506-000 MEDICAL INSURANCE P… 51,672.95
101-2507-000 LIFE INSURANCE PAYABLE 3,032.67
101-2508-000 VISION INSURANCE PAY… 663.48
101-2601-000 REFUNDABLE DEPOSIT 3,000.00
101-2602-000 PLANNING DEPOSIT 10,010.70
101-2603-000 ENGINEERING DEPOSIT 9,181.25
101-2606-000 C & D DEPOSIT 4,150.00
101-32010 BUILDING PERMITS 538.00
101-32040 MECHANICAL PERMITS 92.65
101-36360 SPECIAL EVENTS FEES 263.18
101-36440 SCANNING 38.52
101-4-1101-4511-000 COMMUNICATION 237.13
101-4-1101-4520-000 MTGS/CONF./TRNG & D… 1,021.36
101-4-1501-4206-000 MEDICAL INSURANCE 308.00
101-4-1501-4511-000 COMMUNICATION 100.90
101-4-1501-4520-000 MTGS/CONF./TRNG & D… 7,017.71
101-4-1501-4521-000 MEMBERSHIP & DUES 942.00
101-4-1501-4611-000 PUBLICATIONS/REF MAT… 468.60
101-4-1502-4781-000 C.S-OTHER 170,282.00
101-4-1503-4309-000 OTHER CONTRACTUAL S… 62.00
101-4-1503-4520-000 MTGS/CONF./TRNG & D… 1,455.78
101-4-1503-4601-000 SUPPLIES 46.32
101-4-1601-4303-000 LEGAL NOTICES 858.24
101-4-1601-4305-000 TECHNOLOGY SERVICES 32,400.00
101-4-1601-4520-000 MTGS/CONF./TRNG & D… 821.65
101-4-1601-4521-000 MEMBERSHIP & DUES 125.00
101-4-1601-4601-000 SUPPLIES 74.74
101-4-2101-4304-000 LEGAL SERVICES 54,498.90
101-4-2101-4532-000 SPECIAL PROJECTS 12,225.40
101-4-2101-4731-000 GENERAL PLAN 9,556.70
101-4-2101-4735-000 LITIGATION 40,698.57
101-4-2501-4301-000 PROFESSIONAL SERVICES 2,069.56
101-4-2501-4309-000 OTHER CONTRACTUAL S… 853.02
101-4-2501-4512-000 POSTAGE 27.50
101-4-2501-4520-000 MTGS/CONF./TRNG & D… 1,040.00
101-4-2501-4521-000 MEMBERSHIP & DUES 230.00
101-4-3101-4301-000 PROFESSIONAL SERVICES 8,785.02
101-4-3101-4305-000 TECHNOLOGY SERVICES 17,573.92
26 Accounts Payable Payable Dates: 11/09/2023 - 01/04/2024 1/4/2024 11:01:31 AM Page 14 of 16
Account Summary
Account Number Account Name Payment Amount
101-4-3101-4481-000 COMPUTER EXPENSE 24,956.40
101-4-3101-4520-000 MTGS/CONF./TRNG & D… 350.48
101-4-3101-4601-000 SUPPLIES 587.36
101-4-3501-4306-000 WEBSITE SERVICES 5,736.08
101-4-3501-4421-000 EQUIPMENT RENTAL 941.42
101-4-3501-4422-000 EQUIP RENTAL LEASE - P… 1,456.74
101-4-3501-4431-000 BUILDING & GROUND M… 15,571.34
101-4-3501-4471-000 RENT 887.06
101-4-3501-4512-000 POSTAGE 583.27
101-4-3501-4513-000 PRINTING 680.82
101-4-3501-4516-000 FUEL 866.58
101-4-3501-4542-000 INTEREST EXPENSE - LEA… 3.10
101-4-3501-4601-000 SUPPLIES 1,734.20
101-4-3501-4612-000 OPERATING SUPPLIES 496.01
101-4-4101-4206-000 MEDICAL INSURANCE 616.00
101-4-4101-4501-000 ADVERTISING & PROMO… 12,940.83
101-4-4101-4520-000 MTGS/CONF./TRNG & D… 590.00
101-4-4101-4524-000 RECREATION-SENIOR TR… 770.00
101-4-4101-4527-000 REC-CITY SPECIAL EVENTS 18,284.56
101-4-4101-4601-000 SUPPLIES 85.25
101-4-4102-4411-000 UTILITIES 2,222.13
101-4-4102-4431-000 BUILDING & GROUND M… 8,119.35
101-4-4103-4411-000 UTILITIES 2,211.18
101-4-4103-4431-000 BUILDING & GROUND M… 2,262.03
101-4-4104-4529-000 REC-YOUTH PROGRAMS 36,222.93
101-4-4401-4206-000 MEDICAL INSURANCE 308.00
101-4-4401-4305-000 PLANNING TECHNOLOGY… 64,652.00
101-4-4401-4309-000 OTHER CONTRACTUAL S… 16,428.50
101-4-4401-4520-000 MTGS/CONF./TRNG & D… 1,887.43
101-4-4401-4532-000 SPECIAL PROJECTS 4,095.00
101-4-4402-4751-000 C.S-BUILDING 73,500.12
101-4-4403-4761-000 C.S-CODE ENFORCEMENT 17,425.00
101-4-4501-4471-000 RENT 1,035.00
101-4-4501-4520-000 MTGS/CONF/TRNG & D… 158.20
101-4-4501-4562-000 PERMITS 33,319.87
101-4-4501-4612-000 OPERATING SUPPLIES 120.72
101-4-4501-4701-000 NPDES 30,970.00
101-4-4501-4702-000 AB939-SOLID WASTE 6,690.00
101-4-4501-4741-000 C.S-CITY ENGINEERING 9,980.44
101-4-4503-4771-000 C.S-STREET MAINTENAN… 27,742.60
101-4-5101-4308-000 LAW ENFORCEMENT 1,628,035.16
101-4-5102-4511-000 COMMUNICATION 45.41
101-4-5102-4516-000 FUEL 612.99
101-4-5102-4520-000 MTGS/CONF./TRNG & D… 674.73
101-4-5102-4535-000 SPECIAL EVENTS 341.03
101-4-5102-4612-000 OPERATING SUPPLIES 448.26
101-4-5102-4613-000 TACTICAL GEAR 2,353.26
101-4-5102-4721-000 C.S-CROSSING GUARDS 32,605.83
101-4-5103-4471-000 RENT 1,735.00
101-4-5301-4722-000 C.S-ANIMAL CARE SERVI… 118,373.00
101-4-5401-4520-000 MTGS/CONF/TRNG & D… 50.00
101-4-5401-4612-000 OPERATING SUPPLIES 119.99
102-4-3501-4411-000 UTILITIES 6,716.95
102-4-3501-4431-000 BUILDING & GROUND M… 14,329.13
102-4-3501-4561-000 TAXES/FEES/PERMITS 225.00
103-34150 OTHER INCOME 5.00
103-34161 CONTRACT CLASSES 15.00
103-4-4105-4305-000 TECHNOLOGY SERVICES 14,242.55
27 Accounts Payable Payable Dates: 11/09/2023 - 01/04/2024 1/4/2024 11:01:31 AM Page 15 of 16
Account Summary
Account Number Account Name Payment Amount
103-4-4105-4309-000 OTHER CONTRACTUAL S… 19,407.30
103-4-4105-4411-000 UTILITIES 4,598.98
103-4-4105-4431-000 BUILDING & GROUND M… 34,254.97
103-4-4105-4451-000 FARM OPERATING EXPE… 44,707.66
103-4-4105-4511-000 COMMUNICATION 221.88
103-4-4105-4561-000 TAXES/FEES/PERMITS 1,570.85
103-4-4105-4570-000 CITY CAMP EXPENSE 2,175.00
103-4-4105-4601-000 SUPPLIES 502.30
103-4-4105-4612-000 OPERATING SUPPLIES 1,796.25
203-4-4502-4301-000 PROFESSIONAL SERVICES 8,557.50
203-4-4503-4411-000 UTILITIES 31,310.71
203-4-4503-4771-000 C.S-STREET MAINTENAN… 35,864.40
203-4-4503-4772-000 C.S-STREET SWEEPING 17,337.32
204-4-6104-4309-000 OTHER CONTRACTUAL S… 3,080.00
215-4-5102-4803-000 PUBLIC SAFETY EQUIPM… 15,551.00
225-4-6141-4309-000 OTHER CONTRACTUAL S… 4,707.50
231-4-6131-4309-000 OTHER CONTRACTUAL S… 8,717.50
241-4-6141-4309-000 OTHER CONTRACTUAL S… 1,671.38
251-4-6131-4309-000 OTHER CONTRACTUAL S… 7,442.00
251-4-6151-4309-000 OTHER CONTRACTUAL S… 6,177.22
261-2103-000 RETENTIONS PAYABLE -1,208.30
261-4-6161-7301-000 COST OF F&B 2,028.26
261-4-6161-7401-000 EQUIPMENT MAINTENA… 4,785.24
261-4-6161-7402-000 COMPUTER EXPENSE 1,470.00
261-4-6161-7411-000 UTILITIES 7,097.05
261-4-6161-7421-000 BUILDING & GROUND M… 10,256.83
261-4-6161-7425-000 POOL MAINTENANCE 3,492.83
261-4-6161-7431-000 SUPPLIES 429.59
261-4-6161-7435-000 MERCHANDISE 1,979.34
261-4-6161-7440-000 METINGS/CONFERENCES… 137.81
261-4-6161-7441-000 MARKETING 4,190.23
261-4-6161-7445-000 FEES & PERMITS 1,014.77
261-4-6161-7451-000 MANAGEMENT FEES 12,083.00
331-4-8701-5910-000 IMPROVEMENTS 5,217.42
332-4-8601-5911-000 REHABILITATION 2,740.00
Grand Total: 3,008,470.40
Project Account Summary
Project Account Key Payment Amount
**None** 2,948,101.47
0915911 2,740.00
10004309 7,442.00
10014309 8,717.50
1185910 5,217.42
8014532 45.00
9014612 293.01
9034612 203.00
9244520 75.00
9264520 321.40
9294520 646.96
9934527 8,593.19
9974570 2,175.00
ENG 2243 2,966.25
ENG 2247 105.00
ENG 2250 1,207.50
ENG 2251 1,566.25
ENG 5003 262.50
ENG 5004 1,417.50
28 Accounts Payable Payable Dates: 11/09/2023 - 01/04/2024 1/4/2024 11:01:31 AM Page 16 of 16
Project Account Summary
Project Account Key Payment Amount
ENG 5005 262.50
ENG 5008 52.50
ENG 5049 183.75
ENG 5057 2,178.75
ENG 5067 78.75
ENG 5071 367.50
ENG 5072 105.00
PA 18-020 1,000.00
PA 21-011 2,308.20
PA 21-014 2,410.50
SB13834309 3,135.00
SDP-2022-0004 2,655.00
SDP-2023-00003 1,637.00
Grand Total: 3,008,470.40
29 City of Aliso Viejo

AGENDA ITEM
DATE: January 17, 2024
TO: Mayor and City Council
FROM: Ann Eifert, Director of Financial Services/City Treasurer SUBJECT: TREASURER’S STATEMENT – NOVEMBER 2023
Recommended Action:

Receive and file the November 2023 Treasurer’s Statement.

Fiscal Impact:

No Fiscal Impact.

Background:

Per City policy, the Finance Department presents the monthly Treasurer’s Statement for the City Council’s review. This statement shows the cash balances for the various funds, with a breakdown of bank account balances, investment account balances and the effective yield earned from investments.

Discussion:

The City’s portfolio consists of investments in Certificates of Deposits, US Treasuries, US Federal Agencies, Corporate Bonds, and Local Agency Investment Fund (LAIF). All funds invested with LAIF are available for withdrawal within 24 hours.

The Treasurer’s Statement provides information regarding the City’s investment portfolio and activity during the reporting month. The City’s investment portfolio is in compliance with all government codes as well as the City’s investment policy. Interest is credited to the City’s bank account monthly and allocated among the City’s funds. The current portfolio provides sufficient cash flow liquidity to meet the upcoming operating expenses and spending requirements for the next 6 months.

Attachment:

1. November 2023 Treasurer’s Statement
30 TREASURER'S MONTHLY CASH STATEMENT

BEGINNING TRANSFERS ENDING

BALANCE RECEIPTS DISBURSEMENTS IN (OUT) BALANCE
GENERAL FUND 1,197,485.48 $ 2,721,903.52 $ 2,974,262.60 $ - $ 945,126.40 $ TCRF 69,206.03 $ 69,206.03
GAS TAX FUND 1,015,691.30 $ 49,833.32 965,857.98
MEASURE M 1,151,300.79 $ 3,530.86 2,086.00 1,152,745.65 SB1-RMRA 931,194.70 $ 118,156.37 1,049,351.07
PUBLIC SAFETY GRANTS 283,361.35 $ 23,867.00 14,648.50 292,579.85 (1) AIR QUALITY IMPRVMNT FD 1,298,425.73 $ 1,298,425.73
INTEGRATED WASTE MGMT FD 68,158.51 $ 68,158.51
OTHER GRANTS (179,808.35) $ 405.00 (180,213.35)
TECHNOLOGY GRANT 316,278.20 $ 21,050.30 998.38 336,330.12 DEVELOPMENT IMPACT 1,377,777.33 $ 1,377,777.33
FEDERAL GRANTS (38,106.05) $ 25,799.90 4,157.26 (16,463.41) CITY FACILITY - AV CTR 179,758.92 $ 179,758.92
CITY FACILITY - AQUATIC CTR (21,625.62) $ 37,627.48 68,366.99 (52,365.13) STREET IMPROVEMENTS - $ - (2)
CAPITAL IMPROVEMENTS - $ - (2)
STORM WATER - $ 2,442.00 (2,442.00) (2)
COP CAPITAL - $ - (2)
COP (1,500.00) $ (1,500.00)
AV RANCH FOUNDATION 100.00 $ 100.00
CFD 2005-01 (4,614.09) $ 418,357.31 227,339.43 186,403.79 RENEWABLE FARMS 2,699.52 $ 2,699.52
COMMUNITY TRUST 5,562.68 $ 5,562.68
TOTALS 7,651,346.43 $ 3,370,292.74 $ 3,344,539.48 $ - $ 7,677,099.69 $ SUMMARY OF CASH:

DEMAND DEPOSITS: GENERAL ACCOUNT 1,217,707.10 $

SAVINGS ACCOUNT: MONEY MARKET 26,110.27 $
INVESTMENTS: LOCAL AGENCY INVESTMENT FD 6,433,282.32 $
TOTAL CASH 7,677,099.69 $
Years to Maturity for November 2023 1.40
Weighted Average Yield for November 2023 3.590%
All investments are placed in accordance with the City of Aliso Viejo's Investment Policy.

The above summary provides sufficient cash flow liquidity to meet the next six month's estimated expenditures.

Other monies held include Cash with Fiscal Agent, Investments, Payroll and AV Center. $ 35,447,334.78 Cash With Fiscal Agent COPS/CFD 2005-01 3,429,064.32
Cash With Investment Advisor City Investments 29,794,144.86 AV Center 2,013,804.43
PR Account 207,470.79
Petty Cash 2,850.38
GRAND TOTAL OF CITY FUNDS 43,124,434.47 $
(1) Public Safety Grant includes the MDC and PVS Program Costs budgeted with SLESF funds. (2) Transfers in and out are done on a quarterly basis.

Street Improvements include the Slurry Seal, Traffic Management and Street Improvement Projects.

Capital Improvements include City Hall, AV Ranch, and other city facilities.

Storm Water includes the Dairy Fork and Wood Canyon Emergent Wetland Project.

CITY OF ALISO VIEJO
November 30, 2023
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37 Local Agency Investment Fund
P.O. Box 942809
Sacramento, CA 94209-0001
(916) 653-3001

CITY OF ALISO VIEJO

DIRECTOR OF FINANCIAL SVCS/ CITY TREAS
12 JOURNEY, #100
ALISO VIEJO, CA 92656
Account Number: 98-30-007
November 2023 Statement
Effective
Date
Transaction
Date
Tran
Type Confirm
Number
Web
Confirm
Number Authorized Caller Amount
11/28/2023 11/28/2023 RD 1743286 1703685 ANN EIFERT 700,000.00 Account Summary
Total Deposit: 700,000.00 Beginning Balance: 5,733,282.32 Total Withdrawal: 0.00 Ending Balance: 6,433,282.32
38 November 3.843
October 3.670
September 3.534
August 3.434
July 3.305**
June 3.167
LAIF Apportionment Rate(2): 3.59
LAIF Earnings Ratio(2): 0.00009812538629360
LAIF Administrative Cost(1)*: 0.29
PMIA Average Life(1): 256
LAIF Fair Value Factor(1): 0.986307739
PMIA Daily(1): 3.48
PMIA Quarter to Date(1): 3.42
Treasuries

61.60%
Agencies

21.62%
Certificates of
Deposit/Bank Notes

7.81%
Time
Deposits

3.11%
Commercial
Paper

5.32%
Corporate
Bonds

0.31%
Loans

0.23%
Notes: The apportionment rate includes interest earned on the CalPERS Supplemental Pension Payment pursuant to Government Code 20825 (c)(1) and interest earned on the Wildfire Fund loan pursuant to Public Utility Code 3288 (a). *The percentage of administrative cost equals the total administrative cost divided by the quarterly interest earnings. The law provides that administrative costs are not to exceed 5% of quarterly EARNINGS of the fund. However, if the 13-week Daily Treasury Bill Rate on the last day of the fiscal year is below 1%, then administrative costs shall not exceed 8% of quarterly EARNINGS of the fund for the subsequent fiscal year. ** Revised
Source:
(1) State of California, Office of the Treasurer
(2) State of Calfiornia, Office of the Controller
PMIA Average Monthly
Effective Yields(1)
PMIA/LAIF Performance Report
as of 12/13/23
Daily rates are now available here. View PMIA Daily Rates Quarterly Performance
Quarter Ended 09/30/23
Chart does not include $2,300,000.00 in mortgages, which equates to 0.001%. Percentages may not total 100% due to rounding.

Pooled Money Investment Account
Monthly Portfolio Composition (1)
10/31/23
$165.7 billion
39 City of Aliso Viejo

AGENDA ITEM
DATE: January 17, 2024
TO: Mayor and City Council
FROM: Ann Eifert, Director of Financial Services
SUBJECT: FISCAL YEAR 2022-23 ANNUAL COMPREHENSIVE FINANCIAL REPORT
Recommended Action:

Receive and file the Annual Comprehensive Financial Report (ACFR) for the year ended June 30, 2023.

Fiscal Impact:

As of June 30, 2023, the City’s fund balance for all funds increased by $3.6 million for a total of $39.6 million. Of this amount, $34.4 million is in the General Fund and the remaining is restricted (special revenue funds such as gas taxes, Measure M, grants, etc.) or non-spendable (prepaid costs).

Background:

The Annual Comprehensive Financial Report was prepared in conformity with Generally Accepted Accounting Principles (GAAP) and audited by independent certified public accountants at Davis Farr, LLP. The goal of the audit is to provide reasonable assurance that the City’s financial statements are free from material misstatement.

As part of the audit, Davis Farr, LLP issued the following reports:
 Statement on Auditing Standards (SAS) 114 Letter
 Report on Agreed-Upon Procedures Applied to the Appropriations Limit  Report on Agreed-Upon Procedures for the City’s Treasurer’s Monthly Report Discussion:

The annual audit of the financial statements was completed on December 14, 2023. The financial statements were prepared in accordance with all applicable accounting standards. The independent auditor has issued an unmodified opinion of the City’s financial statements for the fiscal year (FY) ended June 30, 2023, which provides 40

Page 2 of 3 ends

reasonable assurance that the financial statements of the City are presented fairly, in all material respects, in accordance with generally accepted accounting principles.

In addition to reviewing and examining the City’s financial records, the auditors also reviewed the internal control framework of the City. Internal control is a set of activities, rules, and procedures implemented by the City to ensure the integrity of financial and accounting information, promote accountability, and prevent fraud. There were no findings cited by the auditors during their review of the City’s internal control over its financial reporting. Additionally, the auditors issued their reports on the agreed upon procedures for the City’s monthly treasurer’s report and the City’s appropriations limit worksheets and no exceptions were identified.

Government-wide Financials
As presented in the ACFR Statement of Activities, the City’s total revenues from all sources were $34.8 million, while the total cost of all programs and services was $32.8 million. Some of the financial highlights at the government-wide level are:
 Assets and deferred outflows of resources of the City exceeded its liabilities and deferred inflows of resources at June 30, 2023 by $138.3 million. This amount is referred to as the net position of the City.
 The City increased its overall net position by $2.0 million or 1.5% higher compared to FY 2021-22.
 As of June 30, 2023, the City’s overall fund balance increased by $3.6 million for a total of $39.6 million for all funds.
 Federal stimulus funds from the American Rescue Plan Act were received in the amount of $2.8 million and used to fund public safety.

General Fund Highlights
The General Fund is the primary operating fund of the City and is 86.9% of the City’s overall fund balance. General Fund operations include Administration and Support, Community and Economic Development, Community Services, Public Safety, and Public Works. The General Fund also funds the City’s debt service payment on the Certificates of Participation (COP) for the Aliso Viejo Ranch. General Fund capital improvement includes building improvements at City Hall and Aliso Viejo Ranch, as well as the Aquatic Center, Aliso Viejo Center, and Iglesia Park and Community Center.

Page 3 of 3 ends

fees also increased due to gross revenue of $0.3 million from operations at Gold Coast Farms which were previously not accounted for in the General Fund. Lastly, an increase of $0.6 million was received from investment earnings as a result of interest rate increases.

In addition, the General Fund saw an increase in transfers as a result of strong operating results at the Aliso Viejo Center. Net income at the Center totaled $0.9 million from strong demand for facility rentals, which represents almost a double increase from FY 2021-22.

Transfers for FY 2022-23 also included the second payment of American Rescue Plan Act (ARPA) funding in the amount of $2.8 million.

General Fund expenditures and transfers out totaled $23.2 million and were $2.4 million higher than FY 2021-22. The increase was primarily due to increased public safety spending as a result of higher costs for law enforcement services with the Orange County Sheriff’s Department by $0.7 million, a 7.5% increase from the prior year. For Community Services and Recreation, $0.3 million in expenditures from operations at Gold Coast Farms was included in FY 2022-23, which were previously not accounted for in the General Fund. Recreation also saw increases of approximately $0.1 million from the addition of a full-time staff member. Community and Economic Development expenditures increased by $0.3 million from increases in consulting and contractual costs.

In addition, $0.2 million in additional tax subsidy payments were made to Efuel, LLC, which experienced business growth, generating additional sales tax revenue. Transfers out increased by a total of $0.2 million for the Aliso Viejo Aquatic Center and improvements at the Aliso Viejo Ranch.

Overall increases were also seen in administration and support services as a result of filled positions previously vacant in FY 2021-22, and a 4.7% cost of living adjustment to salaries. Additional spending occurred in information technology to mitigate cyber security threats, insurance premiums, utility costs, and professional services due to inflationary pressures.

For FY 2022-23, General Fund revenues and transfers in the amount of $27.1 million exceeded expenditures and transfers out of $23.2 million, resulting in an increase to the General Fund balance by $3.8 million to $34.4 million. This balance is comprised of nonspendable funds of $55,046 and $28.5 million in assigned funds. These assigned funds include $3.5 million for contingencies, $0.6 million for insurance and/or benefit obligations, $13.1 million for asset replacement, and $11.3 million for emergencies. The remaining unassigned portion totals $5.8 million. The total fund balance at the end of FY 2022-23 is equal to 144% of the FY 2023-24 Adopted General Fund Budget appropriations.

Attachments:

1. FY 2022-23 Annual Comprehensive Financial Report

2. Statement on Auditing Standards 114 Letter

3. Management Representation Letter

4. Report on Appropriations Limit

5. Report on Treasurer’s Monthly Statement
42 Annual Comprehensive Financial Report
Fiscal Year Ended June 30, 2023
Aliso Viejo, California
43 ABOUT THE COVER:

The fiscal year 2022-23 ACFR
cover displays a view of Aliso Viejo
City Hall, located at 12 Journey in
the city of Aliso Viejo.

City Hall provides municipal
services for the residents of Aliso
Viejo. The building has housed the
city's government offices and city
council chambers since Aliso Viejo
was incorporated on July 1, 2001
as Orange County's 34th city.
44 CITY OF ALISO VIEJO, CALIFORNIA

ANNUAL COMPREHENSIVE FINANCIAL REPORT
Year Ended June 30, 2023
Prepared by

FINANCIAL SERVICES
45 THIS PAGE INTENTIONALLY LEFT BLANK
46 CITY OF ALISO VIEJO

ANNUAL COMPREHENSIVE FINANCIAL REPORT
Year Ended June 30, 2023
Table of Contents
Page
INTRODUCTORY SECTION:

Letter of Transmittal i
List of Principal Officials viii
Organizational Chart ix
GFOA Certificate of Achievement for Excellence in Financial Reporting x FINANCIAL SECTION:

Independent Auditor’s Report 1
Management’s Discussion and Analysis (Required Supplementary Information) 5
Basic Financial Statements:

Government-wide Financial Statements:

Statement of Net Position 19
Statement of Activities 20
Fund Financial Statements:

Balance Sheet – Governmental Funds 22
Reconciliation of the Balance Sheet to the Statement of Net Position 23
Statement of Revenues, Expenditures and Changes in Fund Balances 24
Reconciliation of the Statement of Revenues, Expenditures and Changes in Fund Balances to the Statement of Activities 25 Fiduciary Funds:

Statement of Fiduciary Net Position 26
Statement of Changes in Fiduciary Net Position 27
Notes to the Basic Financial Statements 28
47 CITY OF ALISO VIEJO

ANNUAL COMPREHENSIVE FINANCIAL REPORT
Year Ended June 30, 2023
Table of Contents (Continued)
Page
Required Supplementary Information:

Budgetary Comparison Information:

Budgetary Comparison Schedule – General Fund 62
Budgetary Comparison Schedule – Aliso Viejo Center 63

Miscellaneous Plan:

Schedule of Proportionate Share of Net Pension Liability and Related Ratios as of the Measurement Date 64
Schedule of Plan Contributions 65
Schedule of Changes in the Total OPEB Liability and Related Ratios 66 Notes to Required Supplementary Information 67
Supplementary Schedules:

Nonmajor Governmental Funds:

Combining Balance Sheet 73
Combining Statement of Revenues, Expenditures and
Changes in Fund Balances 77
Budgetary Comparison Schedules:

Nonmajor Special Revenue Funds:

Traffic Congestion Relief 81
Gas Tax 82
Measure M 83
SB1-RMRA 84
Public Safety Grants 85
Air Quality Improvement 86
Integrated Waste Management 87
Other Grants 88
Technology Grants 89
Development Impact 90
Federal Grants 91
Aquatic Center 92
Nonmajor Capital Projects Funds:

Capital Improvements 93
Storm Water 94
Street Improvements 95
Nonmajor Debt Service Fund 96
48 CITY OF ALISO VIEJO

ANNUAL COMPREHENSIVE FINANCIAL REPORT
Year Ended June 30, 2023
Table of Contents (Continued)
STATISTICAL SECTION: Table Page
Net Position by Component 1 99
Changes in Net Position 2 100
Fund Balances of Governmental Funds 3 101
Changes in Fund Balance of Governmental Funds 4 102
General Government – Expenditures by Function 5 103
General Government – Revenues by Source 6 104
General Government – Tax Revenues by Source 7 105
Principal Sales Tax Producers by Category 8 106
Property Tax Levies and Collections 9 107
Assessed Value and Estimated Actual Value of
Taxable Property 10 108
Direct and Overlapping Property Tax Schedules 11 109
Principal Property Taxpayers 12 110
Ratios of Outstanding Debt by Type 13 111
Computation of Direct and Overlapping Bonded Debt 14 112 Legal Debt Margin 15 113
Demographic and Economic Statistics 16 114
Principal Employers 17 115
Operating Indicators by Function 18 116
Full-Time and Part-Time City Employees by Function 19 117 Capital Assets Statistics by Function 20 118
Schedule of Insurance 21 119
Miscellaneous Statistical Information 22 120
49 THIS PAGE INTENTIONALLY LEFT BLANK
50 i
December 14, 2023
To the Residents of the City of Aliso Viejo:

It is with great pleasure that we present the City of Aliso Viejo’s Annual Comprehensive Financial Report (ACFR) for fiscal year 2022-23. This report has been prepared by the Department of Financial Services in conformity with Generally Accepted Accounting Principles (GAAP) and has been audited in accordance with Generally Accepted Auditing Standards (GAAS) by a firm of licensed Certified Public Accountants.

The report consists of management representations concerning the finances of the City.

Consequently, responsibility for both the accuracy of the data and the completeness and fairness of the presentation, including all disclosures, rests with the City. To provide a reasonable basis for making these representations, management has established a comprehensive internal control framework that is designed to protect the government’s assets from loss, theft, or misuse and to compile sufficient reliable information for the preparation of the financial statements. Since the cost of internal controls should not outweigh their benefits, the City’s comprehensive framework of internal controls has been designed to provide reasonable, rather than absolute, assurance that the financial statements are free from material misstatement. To the best of our knowledge and belief, the enclosed information is accurate in all material respects and is reported in a manner designed to fairly present the financial position of the City. All disclosures necessary to enable an understanding of the City’s financial activities have been included.

Davis Farr, LLP, a firm of licensed Certified Public Accountants, has audited the City of Aliso Viejo’s financial statements. The goal of the independent audit is to provide reasonable assurance that the City’s financial statements for the fiscal year ended June 30, 2023, are free of material misstatement. The independent audit involved examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements, assessing the accounting principles used and significant estimates made by management, and evaluating the overall financial statement presentation. The independent auditor concluded, based upon the audit, that there was a reasonable basis for rendering an unmodified opinion that the City of Aliso Viejo’s financial statements for the fiscal year ended June 30, 2023, are fairly presented in conformity with GAAP. 51 ii
The independent auditor’s report is presented as the first component of the financial section of this report.

This ACFR includes the financial activity for all funds of the City. In addition to the fund-by-fund financial information presented in the City’s financial statements, government-wide financial statements are also included. The government-wide financial statements include a Statement of Net Position that provides the total net equity of the City, including infrastructure, and the Statement of Activities that shows the cost of providing government services. These statements have been prepared using the accrual basis of accounting whereas the fund financial statements were prepared using the modified accrual method. A reconciliation report is provided as a key to understanding the changes between the two reporting methods. In addition, the Statement 34 standard includes an emphasis on the City’s major funds as shown in the Governmental Fund Statements. These statements, combined with other information, are further analyzed in a narrative section called Management’s Discussion and Analysis (MD&A). The MD&A provides “financial highlights” and interprets the financial reports by analyzing trends and explaining changes, fluctuations, and variances in the financial data. In addition, the MD&A is intended to disclose any known significant events or decisions that affect the financial condition of the City.

This letter of transmittal is designed to complement the MD&A and should be read in conjunction with it.

PROFILE OF THE CITY
The City of Aliso Viejo was incorporated on July 1, 2001, as a general law city under the laws of the State of California. The City of Aliso Viejo encompasses approximately seven square miles in south Orange County and has a population of 50,766 per data provided by the California Department of Finance (DOF). Approximately 46 miles south of Los Angeles and 70 miles north of San Diego, the City is adjacent to the cities of Laguna Beach, Laguna Woods, Laguna Hills, and Laguna Niguel.

The City operates under the Council-Manager form of government. In June 2023, the City Council voted to adopt district-based elections, comprising of 5 districts elected for staggered four-year terms of office. The Mayor and Mayor Pro-Tem are selected by the Council from among its members to serve one-year terms. The Council acts as the legislative and policy-making body of the City, enacting all laws and directing such actions as required, to provide for the general welfare of the community.

The City Manager is appointed by the City Council and is responsible for overseeing the operations of the City and implementing the policy decisions made by the City Council. The City Attorney and City Treasurer are also appointed by the City Council. All other department heads and employees are appointed by the City Manager.
52 iii
The City provides municipal services through a combination of in-house staffing and contract services. Police and fire services, street maintenance, building, code enforcement, and legal services are all provided through contracts. The Aliso Viejo Community Association, a master community association, owns and manages 21 parks within the City limits. This Association also maintains most of the landscaped slopes and parkways. The City owns and manages Iglesia Park, Vista Park, and the Aliso Viejo Ranch. The Orange County Library System provides public library services.

Prior to the beginning of each fiscal year, the City Council adopts the annual budget, which serves as the foundation for the City’s financial planning and control. All governmental funds are annually appropriated. The budget is arranged by fund, function, and department and presented to the Council by the City Manager. The level of budgetary control is established at the fund level.

Transfers of appropriations between fund budgets can be made with the approval of the City Manager and Director of Financial Services. The City Council’s approval is required for all budget amendments that result in a change to fund balances. The budget is reviewed midyear in January by the City Manager and the Director of Financial Services to ensure compliance with City Council direction. The midyear budget is then reviewed by the City Council and consideration is given to necessary adjustments for new programs, projects, and other adjustments to ensure that expenditures and revenues are in line with the budgeted projections.

The City maintains an encumbrance accounting system as an additional method of budgetary control. As demonstrated by the statements and schedules included in the financial section of this report, the City continues to meet its responsibility for sound financial management.

ECONOMIC CONDITION AND OUTLOOK
Information presented in the City’s financial statements is best understood within the context of our broader economic conditions. The City’s local economy has recovered from the financial impacts of the COVID-19 pandemic. Sales and transient occupancy taxes have rebounded. The housing market remains strong in the County despite higher interest rates. As a result of the pandemic, the Federal Government enacted several different stimulus programs to assist State, County, and local governments with the costs of responding to the health crisis as well as the economic fallout from decreasing revenues. The American Rescue Plan Act (ARPA) allocated approximately $5.6 million in funding to the City, with the first half used in fiscal year 2021-22 and second half in 2022-23. Although ARPA funds provided some economic relief, these are onetime funds and additional federal aid is not expected.

The U.S. economy in 2023 outperformed expectations. GDP in the first two quarters of 2023 saw growth of approximately 2% in each quarter. The third quarter saw growth of 5.2% according to the Bureau of Economic Analysis. Forecasts do expect growth to slow due to higher interest rates, inflation, as well as national and consumer debt. 53 iv
Based on the UCLA Anderson’s Forecast in October 2023, economic growth in the national economy will be weak in 2024. Although rates of inflation have cooled due to the aggressive interest rate hikes, the high costs of fuel, food, consumer goods, and services continue to hamper economic growth. UCLA does not anticipate a recession in 2024; however, international conflicts, new economic policy from 2024 election results, continued inflation and its corresponding hikes in interest rates, can push that national economy into a recession.

LOCAL ECONOMY
Although California’s unemployment rate was estimated at 4.8% in October 2023, Orange County’s rate has been consistently lower and was estimated at 3.7%, according to the latest available data by the California Employment Development Department. Aliso Viejo is comprised of single-family homes, condominiums, and apartments as well as a mixture of retail, office, light industrial, and service entities providing a solid tax base for the City. Most retail and commercial businesses are oriented toward serving residents and visitors. The City is also home to numerous regional and corporate headquarters in a variety of industries, particularly in the biomedical and healthcare industries. This dynamic local business environment and availability of amenities in the community will assist Aliso Viejo in mitigating the impact of a recession and position its local economy for future recovery. The City is nearly built out, with limited future opportunities for new residential or commercial construction. However, efforts to revitalize existing sites, such as in the Aliso Viejo Town Center and Aliso Viejo Commons provide new opportunities and funding sources for the City.

The City’s major revenue sources are property taxes, sales taxes, franchise fees, and transient occupancy taxes. General fund revenue for FY 2022-23 totaled $23.3 million, compared to $20.9 million in the prior year. Revenue increases were seen across all categories. Property taxes increased by $0.2 million or 2.7% from growth in assessed values. Transient occupancy taxes increased $0.2 million or 11.1% from the prior year as hotel occupancy rates return to prepandemic levels. Sales tax revenue saw a slight increase of 2.1% or $0.1 million attributable to strong sales within the business and industry sector. Franchise fees increased by 6.4% or $0.1 million from higher utility costs in electricity, gas, and waste collection fees. Construction remains strong with a $0.3 million increase in licenses, permits, and planning charges. Recreation fees also increased due to gross revenue of $0.3 million from operations at the Aliso Viejo Farm which were previously not accounted for in the General Fund. Lastly, an increase of $0.6 million was received from investment earnings as a result of interest rate increases.

In addition, the General Fund saw an increase in transfers in as a result of strong operational results at the Aliso Viejo Center. Net income totaled $0.9 million from strong demand for facility rentals, which represents almost a double increase from FY 2021-22.

Although revenues were strong in FY 2022-23, expenditure growth is outpacing revenues in the City. For FY 2023-24 General Fund resources, which include transfers in, total $22.7 million and 54 v
appropriations total $23.9 million. Budget reductions were made across all departments in an effort to control costs. A $1.2 million budget deficit is anticipated; therefore, reserves will be utilized to fund the City’s Certificate of Participation (COP) payment for the Aliso Viejo Ranch in the amount of $0.6 million and $0.6 million in capital improvement projects (CIP). The City is hopeful that new businesses, such as Tesla which is scheduled to open in 2024, will provide much needed new revenue to the City in order to bridge the budget gap.

LONG TERM FINANCIAL PLANNING
As of June 30, 2023, the City has a General Fund balance of $34.4 million and represents 144% of total FY 2023-24 General Fund appropriations. The balance includes $3.5 million for contingencies, $0.6 million for insurance and benefit obligations, $13.2 million for future replacement of City infrastructure assets, and $11.3 million for emergencies and unanticipated CIP projects. The unassigned fund balance is $5.8 million and provides a safety net that ensures government services are not impacted in the event of an unanticipated budget shortfall or emergency situation.

On August 13, 2019, the City issued $12,250,000 of tax-exempt Certificates of Participation to provide financing for the construction of the Aliso Viejo Ranch. The principal is due annually in amounts ranging from $230,000 to $635,000 on November 1 of each year commencing in 2020 through the year 2049. Interest is payable semi-annually in amounts ranging from $9,525 to $212,325 and is due on May 1 and November 1 of each year commencing on November 1, 2019.

The interest payments have rates ranging from 0.96% to 3.09%. The City publishes a Five-Year Strategic Plan to identify key factors affecting the City’s fiscal outlook, examine fiscal trends, and analyze the General Fund’s ability to continue current services, maintain existing assets, and fund City Council initiatives over the next five years. The Five-Year Strategic Plan is updated and published periodically.

RELEVANT FINANCIAL POLICIES
The City has made a practice of living within its means since incorporation. In fiscal year 2005- 06, the City Council formally adopted a Management and Budget policy to promote sound financial management which, in turn, led to improved bond ratings and lower cost of capital. The City continues to be conservative with expenditures while maintaining adequate reserves in accordance with City policies. General Fund surpluses, as well as outside funding sources when available, have been used to fund projects as directed by the City Council. To uphold the City’s reputation of providing excellent amenities for residents and businesses, City staff continues to actively pursue outside grants and funding opportunities whenever possible. The City’s Fund Balance Policy was approved in 2012 to establish procedures for reporting unrestricted fund balances in the City’s financial statements. The policy authorizes the City Manager and Director of Financial Services to prepare financial reports which accurately categorize fund balance per 55 vi
GASB 54, Fund Balance Reporting and Governmental Fund Type Definitions. The City’s longterm financial plans are also in accordance with these policies.

MAJOR INITIATIVES
The City’s Economic Development program continued ongoing initiatives aimed at facilitating the retention and expansion of existing businesses, attracting new businesses to the community, and promoting the City’s “business friendly” environment.

In July 2016, the City entered into an economic development subsidy agreement with EFUEL, LLC. EFUEL is an on-site mobile fueling business for diesel fueled vehicles and generators.

Under this agreement, EFUEL receives a graduated percentage (starting at 50% and up to 70%) of sales tax revenue received by the City attributable to EFUEL. For the year ended June 30, 2023, the City abated sales taxes totaling $0.7 million, with net revenue to the City of approximately $0.5 million.

In July 2023, the City entered into another economic subsidy agreement with Hunt and Sons, LLC, which has a similar business model to EFUEL, and is estimated to provide the City with net sales tax revenue ranging from $0.5 to $0.9 million annually. Terms are consistent with the EFUEL agreement and tax subsidy payments will begin in FY 2023-24.

In 2022-23, the City also saw numerous new businesses open such as Glaukos Corporation, Tucker Tire, Telsa Motors Collision Center, and numerous restaurants. Efforts have also been underway to revitalize Aliso Viejo Commons. Construction has begun for the opening of the City’s first and only car dealership, Tesla. In addition, the Commons will be home to Daiso, 99 Ranch Market, and other commercial and retail ventures.

AWARDS AND ACKNOWLEDGMENTS
The Government Finance Officers Association (GFOA) offers a Certificate of Achievement for Excellence in Financial Reporting to cities for their Annual Comprehensive Financial Report (ACFR). This Certificate is a prestigious award, recognizing conformance with the highest standards of state and local government financial report preparation. In order to be awarded a Certificate of Achievement, a government unit must publish an easily readable and efficiently organized ACFR, whose contents conform to program standards. Such an ACFR must satisfy both generally accepted accounting principles and applicable legal requirements. The City submitted its FY 2021-22 ACFR and received the award for excellence in financial reporting from GFOA. The Certificate is valid for a period of one year. The City will also be submitting its FY 2022-23 ACFR to GFOA for review. We would like to recognize the assistance of the Financial Services staff in the preparation of the ACFR and to our independent auditor, Davis Farr, LLP for their expertise and guidance in preparing the financial report. Through the team effort of the City 56 vii
Council and staff, the City has been able to maintain a sound financial base from which to operate and continue to provide a high level of service to the community.

Respectfully submitted,
David Doyle
City Manager
57 viii

TIFFANY ACKLEY
Council Member

CITY OF ALISO VIEJO

LIST OF PRINCIPAL OFFICIALS
Council-Manager Form of Government

CITY COUNCIL

RICHARD HURT
Mayor

MIKE MUNZING
Mayor Pro Tem

ROSS CHUN
Council Member

MAX DUNCAN
Council Member

CITY ADMINISTRATION

DAVID DOYLE
City Manager
Scott Smith, City Attorney
Ann Eifert, Director of Financial Services/City Treasurer Mitzi Ortiz, Director of Government Services/City Clerk So Kim, Director of Community Development
Shaun Pelletier, City Engineer/Public Works Director
Lizzy Mendoza, Community Services Manager
Isaac Aziz, Information Technology Manager
Captain Alan Villanueva, Chief of Police Services (Orange County Sheriff’s Department) Division Chief Baryic Hunter, Fire Services (Orange County Fire Authority) 58 Organization Chart
June 30, 2023
ix
*Contract Services
59 Government Finance Officers Association
Certificate of
Achievement
for Excellence
in Financial
Reporting
Presented to
City of Aliso Viejo
California
For its Annual Comprehensive
Financial Report
For the Fiscal Year Ended
June 30, 2022
Executive Director/CEO
60 Independent Auditor’s Report
City Council
City of Aliso Viejo
Aliso Viejo, California
Report on the Audit of the Financial Statements
Opinions
We have audited the financial statements of the governmental activities, each major fund, and the aggregate remaining fund information of the City of Aliso Viejo (the City), as of and for the year June 30, 2023, and the related notes to the financial statements, which collectively comprise the City’s basic financial statements as listed in the table of contents.

In our opinion, the accompanying financial statements present fairly, in all material respects, the respective financial position of the governmental activities, each major fund, and the aggregate remaining fund information of the City, as of June 30, 2023, and the respective changes in financial position for the year then ended in accordance with accounting principles generally accepted in the United States of America.

Emphasis of Matter
During the year ended June 30, 2023, the City implemented Governmental Accounting Standards Board (GASB) Statement No. 96: Subscription-Based Information Technology Arrangements. Additionally, the financial statements for the year ended June 30, 2023, reflect certain prior period adjustments as described further in note 18 to the financial statements.

Our opinion is not modified with respect to these matters.

Basis for Opinions
We conducted our audit in accordance with auditing standards generally accepted in the United States of America (GAAS) and the standards applicable to financial audits contained in Government Auditing Standards, issued by the Comptroller General of the United States. Our responsibilities under those standards are further described in the Auditor’s Responsibilities for the Audit of the Financial Statements section of our report. We are required to be independent of the City and to meet our other ethical responsibilities, in accordance with the relevant ethical requirements relating to our audit. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinions.

Responsibilities of Management for the Financial Statements The City’s management is responsible for the preparation and fair presentation of the financial statements in accordance with accounting principles generally accepted in the United States of America, and for the design, implementation, and maintenance of internal control relevant to the preparation and fair presentation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, management is required to evaluate whether there are conditions or events, considered in the aggregate, that raise substantial doubt about the City’s ability to continue as a going concern for one year after the date that the financial statements are issued.
1 61
Auditor’s Responsibilities for the Audit of the Financial Statements Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinions. Reasonable assurance is a high level of assurance but is not absolute assurance and therefore is not a guarantee that an audit conducted in accordance with GAAS will always detect a material misstatement when it exists. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control. Misstatements are considered material if there is a substantial likelihood that, individually or in the aggregate, they would influence the judgment made by a reasonable user based on the financial statements.

In performing an audit in accordance with GAAS, we:
 Exercise professional judgment and maintain professional skepticism throughout the audit.
 Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, and design and perform audit procedures responsive to those risks. Such procedures include examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements.  Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the City’s internal control. Accordingly, no such opinion is expressed.
 Evaluate the appropriateness of accounting policies used and the reasonableness of significant accounting estimates made by management, as well as evaluate the overall presentation of the financial statements.
 Conclude whether, in our judgment, there are conditions or events, considered in the aggregate, that raise substantial doubt about the City’s ability to continue as a going concern for a reasonable period of time.

We are required to communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit, significant audit findings, and certain internal control–related matters that we identified during the audit.

Required Supplementary Information
Accounting principles generally accepted in the United States of America require that the management’s discussion and analysis, budgetary comparison information, capital assets – modified approach for infrastructure, and pension and other post employment benefit schedules be presented to supplement the basic financial statements. Such information is the responsibility of management and, although not a part of the basic financial statements, is required by the Governmental Accounting Standards Board who considers it to be an essential part of financial reporting for placing the basic financial statements in an appropriate operational, economic, or historical context. We have applied certain limited procedures to the required supplementary information in accordance with auditing standards generally accepted in the United States of America, which consisted of inquiries of management about 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 do not express an opinion or provide any assurance on the information because the limited procedures do not provide us with sufficient evidence to express an opinion or provide any assurance. 2 62
Supplementary Information
Our audit was conducted for the purpose of forming opinions on the financial statements that collectively comprise the City’s basic financial statements. The combining and individual nonmajor fund financial statements and schedules are presented for purposes of additional analysis and are not a required part of the basic financial statements.

The combining and individual nonmajor fund financial statements and schedules are the responsibility of management and were derived from and relate directly to the underlying accounting and other records used to prepare the basic financial statements. Such information has been subjected to the auditing procedures applied in the audit of the basic financial statements and certain additional procedures, including comparing and reconciling such information directly to the underlying accounting and other records used to prepare the basic financial statements or to the basic financial statements themselves, and other additional procedures in accordance with auditing standards generally accepted in the United States of America. In our opinion, the combining and individual nonmajor fund financial statements and schedules are fairly stated, in all material respects, in relation to the basic financial statements as a whole.

Other Information
Management is responsible for the other information included in the Annual Comprehensive Financial Report. The other information comprises the introductory section and statistical section but does not include the financial statements and our auditor's report thereon. Our opinions on the financial statements do not cover the other information, and we do not express an opinion or any form of assurance thereon. In connection with our audit of the financial statements, our responsibility is to read the other information and consider whether a material inconsistency exists between the other information and the financial statements, or the other information otherwise appears to be materially misstated. If, based on the work performed, we conclude that an uncorrected material misstatement of the other information exists, we are required to describe it in our report.

Report on Summarized Comparative Information
The financial statements of the City for the year ended June 30, 2022 were audited by other auditors whose report dated December 15, 2022 expressed an unmodified opinion on those financial statements. In our opinion, the summarized comparative information presented herein as of and for the year ended June 30, 2022 is consistent, in all material respects, with the audited financial statements from which it has been derived.

Other Reporting Required by Government Auditing Standards In accordance with Government Auditing Standards, we have also issued our report dated December 14, 2023 on our consideration of the City’s internal control over financial reporting and on our tests of its compliance with certain provisions of laws, regulations, contracts, and grant agreements and other matters. The purpose of that report is solely to describe the scope of our testing of internal control over financial reporting and compliance and the results of that testing, and not to provide an opinion on the effectiveness of internal control over financial reporting or on compliance. That report is an integral part of an audit performed in accordance with Government Auditing Standards in considering the City’s internal control over financial reporting and compliance.

Irvine, California
December 14, 2023
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4 64

CITY OF ALISO VIEJO

MANAGEMENT DISCUSSION AND ANALYSIS
FOR THE YEAR ENDED JUNE 30, 2023
Our discussion and analysis of the City of Aliso Viejo’s financial performance provides an overview of the City’s financial activities for the year ended June 30, 2023. Please read it in conjunction with the transmittal letter at the front of this report and the accompanying basic financial statements which follow this section.

FINANCIAL HIGHLIGHTS
• Assets and deferred outflows of resources of the City exceeded its liabilities and deferred inflows of resources at June 30, 2023 by $138.3 million. This amount is referred to as the net position of the City. Of this amount, $33.3 million is unrestricted. • The City increased its overall net position by $2.0 million or 1.5% for a total net position of $138.3 million.
• General Fund revenues and transfers in the amount of $27.1 million exceeded expenditures and transfers out of $23.2 million, resulting in an increase to the General Fund balance by $3.8 million to $34.4 million. This balance is comprised of assigned funds of $28.5 million and $5.8 million of unassigned funds. The estimated fund balance at the fiscal year end of June 30, 2023, is equal to 144% of the fiscal year 2023-24 Adopted General Fund budget appropriations, including capital and debt service payments. • As of June 30, 2023, the City’s overall fund balance increased by $3.6 million for a total of $39.6 million for all funds. Of this amount, $5.4 million is restricted or non-spendable and $34.2 million is unrestricted.

USING THIS ANNUAL REPORT
This annual report consists of a series of financial statements. The Statement of Net Position and the Statement of Activities provide information about the activities of the City as a whole and allow a longer-term view of the City’s finances. Fund Financial Statements tell how City services were financed in the short-term as well as what remains for future spending. Fund financial statements also report the City’s operations in more detail than the government-wide statements by providing information about the City’s most significant funds.

Reporting the City as a Whole: The Statement of Net Position and the Statement of Activities
The Statement of Net Position and the Statement of Activities report information about the City as a whole and in a way that helps clarify the City’s overall financial position. These statements include all assets and liabilities using the accrual basis of accounting, which is similar to the accounting method used by most private sector companies. All current year revenues and expenses are taken into account, regardless of when cash is received or paid. These two statements report the City’s net position and changes in them. Net position, which is the difference between assets and liabilities, is one way to measure the City’s financial health, or financial position. Over time, increases or decreases in the City’s net position is one indicator of whether its financial health is improving or deteriorating. Consideration should also be given to other nonfinancial factors, such as changes in the City’s property tax base and the condition of the City’s roads, to assess the overall health of the City.
5 65

CITY OF ALISO VIEJO

MANAGEMENT DISCUSSION AND ANALYSIS
FOR THE YEAR ENDED JUNE 30, 2023
All of the City’s basic services are considered to be governmental activities. The Statement of Net Position and the Statement of Activities present information about these governmental activities, including general government, community development, community services, public safety, and public works. Property tax, sales tax, transient occupancy tax, and franchise fees finance over

58.4% of these activities.

Reporting the City’s Most Significant Funds: Fund Financial Statements The Fund Financial Statements provide detailed information about the most significant funds - not the City as a whole. In addition to the General Fund, the Aliso Viejo Center is included. Lesser funds are collectively reported as Nonmajor Governmental Funds. Some funds are required to be established by State law. However, the City Council establishes many other funds to help it control and manage money for particular purposes or to show that it is meeting legal responsibilities for using certain taxes, grants, and other money.

The City currently has just one type of fund - governmental - which uses the modified accrual accounting approach. Governmental funds focus on how money flows into and out of those funds and the balances left at year-end that are available for spending. Most of the City’s basic services are reported in governmental funds. Under the modified accrual method of accounting, revenues are recognized in the accounting period in which they become measurable and available to finance expenditures of the current fiscal period while expenditures are recognized in the accounting period in which the liability is incurred.

The governmental fund statements provide a detailed short-term view of the City’s general government operations and the basic services it provides. Governmental fund information helps the reader determine whether there are more or less financial resources that can be spent in the near future to finance the City’s programs. The relationship and differences between governmental activities reported in the Statement of Net Position and the Statement of Activities and the governmental funds statements are detailed in the reconciliations immediately following each of the fund financial statements.

The City as Trustee: Reporting the City’s Fiduciary Responsibilities The City is the trustee, or fiduciary, for certain amounts held on behalf of developers, property owners, and others. The City’s fiduciary activities are reported in the Statement of Fiduciary Assets and Liabilities. We exclude these activities from the City’s other financial statements because the City cannot use these assets to finance its operations. The City is responsible for ensuring that the assets reported in these funds are used only for their intended purposes. 6 66

CITY OF ALISO VIEJO

MANAGEMENT DISCUSSION AND ANALYSIS
FOR THE YEAR ENDED JUNE 30, 2023

THE CITY AS A WHOLE
Our analysis focuses on the net position (Table 1) and change in net position (Table 2) of the City’s governmental activities. The City has no business-type activities.

Assets and deferred outflows of resources of the City exceeded its liabilities and deferred inflows of resources at June 30, 2023, by $138.3 million. The City increased its overall net position by $2.0 million or 1.5% from the prior year. The largest portion of the City’s net position at June 30, 2023, reflects its investment in its buildings and infrastructure. Capital assets, net of related debt for fiscal year 2022-23 total $99.9 million and represents 72% of the City’s total net position. $5.2 million is restricted, representing special revenue resources that are subject to their funding stipulations, such as street improvements, specific public safety expenditures, and community development projects. Unrestricted net position totals $33.3 million for the year ending June 30, 2023, and is an increase of $3.3 million, which is attributed to an increase in general fund revenues.
2023 2022
Current and other assets $ 45,082,430 $ 44,459,929
Capital assets, net 112,705,053 113,119,692
Total assets 157,787,483 157,579,621
Total deferred outflows of resources 1,354,111 618,811
Current liabilities 5,444,153 8,140,125
Non current liabilities 14,486,798 13,224,141
Total liabilities 19,930,951 21,364,266
Total deferred inflows of resources 863,901 720,173
Net Position:

Invested in capital assets 99,883,422 100,348,736
Restricted 5,186,164 5,840,779
Unrestricted 33,277,156 29,924,478
Total net position $ 138,346,742 $ 136,113,993
Governmental Activities
Table 1
Condensed Statement of Net Position
7 67

CITY OF ALISO VIEJO

MANAGEMENT DISCUSSION AND ANALYSIS
FOR THE YEAR ENDED JUNE 30, 2023
2023 2022
Revenues
Program Revenues:

Charges for services 7,694,422 5,742,780
Operating contributions and grants 6,932,234 6,945,042
General Revenues:

Taxes:

Sales taxes 6,244,171 6,117,932
Property taxes 9,459,526 9,211,738
Franchise taxes 1,884,639 1,744,239
Transient occupancy taxes 1,570,525 1,413,074
Motor vehicle license fees 53,145 57,547
Use of money and property 656,151 (153,060)
Other 332,325 118,665
Total Revenues 34,827,138 31,197,957
Expenses
General government 6,019,844 4,943,476
Public safety 10,224,474 9,601,888
Community development 6,190,570 1,244,026
Community services 2,817,896 5,264,667
Public works 7,161,695 5,473,152
Interest and fiscal charges 387,579 390,573
Total expenses 32,802,058 26,917,782
Increase (Decrease in net position 2,025,080 4,280,175
Net position - beginning of year,
as restated (note 18) 136,321,662 131,833,818
Net position - end of year 138,346,742 136,113,993
Table 2
Change in Net Position
Governmental Activities
8 68

CITY OF ALISO VIEJO

MANAGEMENT DISCUSSION AND ANALYSIS
FOR THE YEAR ENDED JUNE 30, 2023
Total revenues for governmental activities amounted to $34.8 million during FY 2022-23 and reflects an increase of $3.6 million or 11.6% over the prior year. Functional expenditures totaled $32.8 million and increased by $5.9 million or 21.8%. Revenues exceeded program expenses by $2.0 million.

Revenues
The City’s major general revenue sources are property taxes, sales taxes, franchise fees, and transient occupancy taxes. Property taxes increased by $0.2 million or 2.7% from higher assessed values. Transient occupancy taxes increased approximately $0.2 million or 10.0% from the prior year as hotel occupancy rates return to pre-pandemic levels. Sales tax revenue saw a slight increase of 2.1% or $0.1 million attributable to strong sales within the business and industry sector. Franchise taxes increased by $0.1 million from higher utility costs in electricity, gas, and waste collection fees. Franchise fees from SCE increased by over 40% as a result of higher gross receipts. This increase largely offset the decrease of 11.5% in cable franchise fees as residents move away from traditional cable television. Investment income also increased significantly by $0.8 million from prior year as a result of higher interest rates.
9 69

CITY OF ALISO VIEJO

MANAGEMENT DISCUSSION AND ANALYSIS
FOR THE YEAR ENDED JUNE 30, 2023
Program revenues include charges for services, operating grants and contributions, and capital contributions and grants. Overall program revenues increased by $1.9 million largely from increases in charges for services. Compared to FY 2021-22, charges for services increased from strong revenues at the Aliso Viejo Center as the facility rebounds from stay-at-home orders of the pandemic and demand for banquet and wedding facilities return to normal levels. The Aliso Viejo Center’s revenue increased by $0.9 million. In addition, charges for services include $0.4 million from revenue at Gold Coast Farms, which was previously not accounted for as program revenues in FY 2021-22. Charges for services for building permits and planning also increased by $0.4 million from strong construction and development activity.

Total operating contributions and grants remained largely unchanged from the prior year. These funds include gas taxes, Measure M, American Rescue Plan Act, and other grants, totaling $6.9 million. The City did not receive any capital contributions and grants during the fiscal year 2022-

23. Expenses
Total expenses for all City services, which includes law enforcement, animal control, building and planning services, public works, engineering, environmental compliance, and administration increased by $5.9 million. General Government expenses are 18.4% of the total expenses and include City Council, City Manager, City Attorney, City Clerk, Human Resources, Financial Services, Information Technology, and other general expenses, such as insurance premiums, maintenance of City Hall, community outreach, and City memberships. General Government expenses increased by $1.1 million. The increase is attributable to higher labor costs, inflationary costs of professional services, maintenance costs for City Hall, 2022 election costs, and $0.1 million for legal services for the implementation of district elections.

Public works increased $1.7 million as a result of additional spending on street improvements compared to FY 2021-22. Major projects include slurry seal and Aliso Creek Rehabilitation between Wolverine and Alicia.

Public safety expenses increased by 6.5% or $0.6 million as a result of higher contractual costs with the Orange County Sheriff’s Department.

Community Services and Community Development activities totaled $9.0 million for FY 2022-23 compared to $6.5 million in FY 2021-22. Expenditures and transfers out at the Aliso Viejo Center increased by $0.8 million as facility and banquet rentals increased. In addition, $0.3 million in expenditures from operations at Gold Coast Farms was included in FY 2022-23 and not in the prior year. Planning and building expenditures increased by $0.3 million from increased in consulting and contractual costs. $0.2 million in additional expenditures were made with Community Development Block Grant (CDBG) funding for the acquisition of a low-income housing unit. $0.2 million in additional tax subsidy payments were made to EFUEL, LLC, which experienced business growth and generated additional sales tax revenue. 10 70

CITY OF ALISO VIEJO

MANAGEMENT DISCUSSION AND ANALYSIS
FOR THE YEAR ENDED JUNE 30, 2023
Government Activities
Tables 3 and 3A present the cost of each of the City’s programs: General Government (Administrative Services), Community Development, Community Services, Public Safety, and Public Works as well as each program’s net cost (total cost less revenues generated by the activities). The total cost of all governmental activities in FY 2022-23 was $32.8 million. That cost is financed by program revenues of $14.6 million. Net cost of services is $18.2 million and is funded with general fund resources.

Total Cost of
Services
Program
Revenues
Net
Revenue/Cost
of Services
General government $ 6,019,844 $ - $ 6,019,844
Public safety 10,224,474 (3,543,347) 6,681,127
Community development 6,190,570 (5,795,674) 394,896
Community services 2,817,896 (1,670,852) 1,147,044
Public works 7,161,695 (3,616,783) 3,544,912
Interest and fiscal charges 387,579 - 387,579
Total $ 32,802,058 $ (14,626,656) $ 18,175,402
Total Cost of
Services
Program
Revenues
Net
Revenue/Cost
of Services
General government $ 4,943,476 $ 4,943,476
Public safety 9,601,888 (329,536) 9,272,352
Community development 1,244,026 (1,045,592) 198,434
Community services 5,264,667 (5,054,146) 210,521
Public works 5,473,152 (6,258,548) (785,396)
Interest and fiscal charges 390,573 - 390,573
Total $ 26,917,782 $ (12,687,822) $ 14,229,960
Fiscal Year Ended June 30, 2022
Table 3
Net Cost of Governmental Activities
Fiscal Year Ended June 30, 2023
Table 3A
Net Cost of Governmental Activities
11 71

CITY OF ALISO VIEJO

MANAGEMENT DISCUSSION AND ANALYSIS
FOR THE YEAR ENDED JUNE 30, 2023
FINANCIAL ANALYSIS OF THE CITY’S FUNDS
Governmental Funds
At year-end, the City’s Governmental Funds reported a combined fund balance of $39.6 million, an increase of 9.9% or $3.6 million from the prior year. The fund balance includes $63,525 in non-spendable. Restricted funds of $5.3 million include approximately $1.7 million for community development projects, $3.4 million for capital projects, specifically in street improvements, and $0.2 million for public safety. $28.6 million or 72% of the fund balance is assigned for contingencies, insurance obligations, asset replacement, and emergencies. The remaining $5.6 million or 14.2% is unassigned, which is available for spending at the City’s discretion.

General Fund
The General Fund is the primary operating fund of the City and is 86.9% of the City’s overall fund balance. General Fund operations include Administration and Support, Community and Economic Development, Community Services, Public Safety, and Public Works. The General Fund also funds the City’s debt service payment on the Certificates of Participation (COP) for the Aliso Viejo Ranch. General Fund capital improvement includes building improvements at City Hall and Aliso Viejo Ranch, as well as the Aquatic Center, Aliso Viejo Center, Iglesia Park and Community Center.

For FY 2022-23, General Fund revenues and transfers in the amount of $27.1 million exceeded expenditures and transfers out of $23.2 million, resulting in an increase to the General Fund balance by $3.8 million to $34.4 million. Included in the fund balance are nonspendable funds of $55,046, $28.5 million in assigned funds, and $5.8 million in unassigned funds. These assigned funds include $3.5 million for contingencies, $0.6 million for insurance and/or benefit obligations, $13.1 million for asset replacement, and $11.3 million for emergencies. The unassigned portion is the part of fund balance that is available for use without constraints established by legal requirements totals $5.8 million. The total fund balance at the fiscal year end of June 30, 2023, is equal to 144% of the fiscal year 2023-24 Adopted General Fund Budget appropriations.

The City’s major revenue sources are property taxes, sales taxes, franchise fees, and transient occupancy taxes. General Fund revenue for FY 2022-23 totaled $23.3 million, compared to $20.9 million in the prior year. Revenue increases were seen across all categories. Property taxes increased by $0.2 million or 2.7% from growth in assessed values. Transient occupancy taxes increased $0.2 million or 11.1% from the prior year as hotel occupancy rates return to pre-pandemic levels. Sales tax revenue saw a slight increase of 2.1% or $0.1 million attributable to strong sales within the business and industry sector. Franchise fees increased by 6.4% or $0.1 million from higher utility costs in electricity, gas, and waste collection fees. Construction remains strong with a $0.3 million increase in licenses, permits, and planning charges. Recreation fees also increased due to gross revenue of $0.3 million from operations at Gold Coast Farms which were previously not accounted for in the General Fund. Lastly, an increase of $0.6 million was received from investment earnings as a result of interest rate increases.
12 72

CITY OF ALISO VIEJO

MANAGEMENT DISCUSSION AND ANALYSIS
FOR THE YEAR ENDED JUNE 30, 2023
In addition, the General Fund saw an increase in transfers in as a result of strong operating results at the Aliso Viejo Center. Net income at the Center totaled $0.9 million from strong demand for facility rentals, which represents almost a double increase from FY 2021-22.

Transfers for FY 2022-23 also included the second payment of American Rescue Plan Act (ARPA) funding in the amount of $2.8 million.

General Fund expenditures and transfers out totaled $23.2 million and were $2.4 million higher than FY 2021-22. The increase was primarily due to increased public safety spending as a result of higher costs for law enforcement services with the Orange County Sheriff’s Department by $0.7 million or 7.4% increase from the prior year. For Community Services and Recreation, $0.3 million in expenditures from operations at Gold Coast Farms was included in FY 2022-23 (prior year accounted for expenditures in a trust fund). Recreation also saw increases of approximately $0.1 million from the addition of a full-time staff member. Community and Economic Development expenditures increased by $0.3 million from increases in consulting and contractual costs. In addition, $0.2 million in additional tax subsidy payments were made to EFUEL, LLC, which experienced business growth, generating additional sales tax revenue.

Transfers out increased by $0.1 million to the Aliso Viejo Aquatic Center to bridge the operating gap at the center and another $0.1 million increase for capital improvements at the Aliso Viejo Ranch.

Overall increases were also seen in administration and support services as a result of filled positions previously vacant in FY 2021-22, and a 4.7% cost of living adjustment to salaries during the fiscal year. Additional spending occurred in information technology to mitigate cyber security threats, insurance premiums, utility costs, and professional services due to inflationary pressures.

Aliso Viejo Center
The Aliso Viejo Center provides facility rental and banquet services for large social gatherings, such as conferences and weddings. Fiscal year 2022-23 experienced increased levels of demand as social gatherings returned to normal levels from the pandemic. Total revenue at the Center was $3.5 million compared to $2.7 million from the prior year, an increase of 30%. Expenditures totaled $2.6 million compared to $2.2 million last year. This resulted in net income of $0.9 million, which is transferred to the General Fund. The fund balance at June 30, 2023, is approximately $60,000.

General Fund Budgetary Highlights
Revenues: Actual revenues exceeded the final year-end budget projections by $2.9 million. General Fund taxes totaled $19.1 million and represents 70.0% of the fund’s resources.

Property tax is the largest contributor, followed by sales, franchise fees, and transient occupancy taxes. Although property taxes received was 2.7% more than prior year, actual property taxes received were slightly below budget estimates as a result of lower than expected transfer taxes which is attributed to higher interest rates and lower property sales. Sales tax revenue totaled $6.2 million and outperformed budget estimates by almost $0.7 million due to conservative budget estimates as uncertainty in economic activity remained high following the pandemic. In addition, high inflation and gas prices experienced during the fiscal year also attributed to the better-than-expected sales tax revenue. 13 73

CITY OF ALISO VIEJO

MANAGEMENT DISCUSSION AND ANALYSIS
FOR THE YEAR ENDED JUNE 30, 2023
Transient occupancy taxes totaled $1.6 million and was $0.1 million higher than the estimated budget as occupancy rates rebounded quicker than expected. Franchise fees received were

15.7% or $0.2 million over budget primarily from higher revenue from electric, gas, and waste providers.

Revenue from licenses and permits increased from development projects which began during the fiscal year. Transfers-in also exceeded budget estimates by $0.6 million as a result of better than expected net income from operations at the Aliso Viejo Center.

Expenditures: Actual expenditures were $1.7 million under budget due to conservative spending across all departments. Administration and support costs were $0.2 million under budget. Law enforcement contract costs were $0.7 million lower than budget due to high vacancy levels within the Orange County Sheriff’s Department. Similarly, labor savings mostly accounted for the savings in recreation of $0.4 million. Public Works was also under by $0.2 million from lower than expected costs in environmental compliance and street maintenance.

CAPITAL ASSET AND DEBT ADMINISTRATION
Capital Assets
As of June 30, 2023, the City had $112.7 million invested in a broad range of capital assets, including police equipment, buildings, land, park facilities, furniture and fixtures, and roads. (See Table 4 below. Additions to capital assets being depreciated were made in the amount of $0.5 million. This amount includes $0.2 million for the purchase of residential property to be used for low-income housing, $48,500 for the purchase of a Public Works truck, City Hall tenant improvements including furniture and fixtures of $0.2 million and Aliso Viejo Ranch improvements for drainage, historical display panels, and new audio/visual equipment. Depreciation expense in the amount of $1.4 million was incurred in fiscal year 2022-23. For additional information on capital assets, refer to Note 5 of Notes to the Financial Statements.

The City of Aliso Viejo elected to use the modified approach in reporting their streets and roads network. Under the modified approach, infrastructure assets that are part of a network or subsystem of a network are not required to be depreciated if certain requirements are met, which are disclosed in the accompanying Basic Financial Statements and Required Supplementary Information. In March 2002, the City Council approved a condition level of 80 as the minimum acceptable Pavement Condition Index (PCI) . The following schedule discloses a comparison between the City’s assessed condition level of the streets and roads network as of June 30, 2022, and the City’s adopted target level of condition.

Actual Assessed Minimum Condition
Condition Level Level
Overall Pavement Network 83 80
Under the modified approach, GASB Statement No. 34 requires that condition assessments be performed every three years. Last completed in June 2022, the City traditionally performs an assessment every two years. It is the City’s intention to have another complete assessment performed on or before fiscal year ending June 30, 2024. 14 74

CITY OF ALISO VIEJO

MANAGEMENT DISCUSSION AND ANALYSIS
FOR THE YEAR ENDED JUNE 30, 2023
During the year ended June 30, 2023, actual streets and roads maintenance project costs were $3.9 million compared to the estimate of $4.8 million. The amount of underspending was due to project cost savings.

Debt
On August 13, 2019, the City issued $12,250,000 of tax-exempt Certificates of Participation to provide financing for the construction of the Aliso Viejo Ranch. The principal is due annually in amounts ranging from $230,000 to $635,000 on November 1 of each year commencing in 2020 through the year 2049 with a coupon rate ranging from 2% to 4%.

In March of 2014, staff coordinated the refinancing of the Community Facilities District (CFD) bonds issued in conjunction with the Glenwood development. Based on the final pricing of the CFD bonds, Glenwood property owners are saving an average of $899 per year.

Non-Current Liabilities
Changes in non-current liabilities for the fiscal year ended June 30, 2023, are provided in Table

5. For additional information on non-current liabilities, refer to Note 6 of the Notes to the Financial Statements.

Asset Type 2023 2022
Land 14,315,978 $ $ 14,315,978
Buildings and improvements 36,831,777 37,017,900
Equipment, furniture and fixtures 424,013 522,540
Other infrastructure 6,680,442 7,159,777
Streets and highways 53,871,430 53,871,430
Construction in progress - 217,205
Right-to-use assets 6,356 14,862
Right-to-use subscription assets 575,057
Total capital assets $ 112,705,053 $ 113,119,692
Table 4
Capital Assets at Year End
(Net of Depreciation)
Balance at
July 1, 2022 Additions Deletions
Balance at
June 30, 2023
Amount due
within one
year
Amount due
beyond one
year
Bonds Payable $ - 11,785,000 $ (240,000) $ $ 11,545,000 $ 250,000 $ 11,295,000 Unamortized premium 903,526 - (32,269) 871,257 - 871,257 Lease liability 14,506 - (8,683) 5,823 5,823 -
Subscription liability 483,354 (83,803) 399,551 101,123 298,428 Compensated absences 244,983 344,859 (369,107) 220,735 105,207 115,528 Total $ 13,431,369 $ 344,859 $ (733,862) $ 13,042,366 $ 462,153 $ 12,580,213 Table 5
Non-Current Liabilities
June 30, 2023
15 75

CITY OF ALISO VIEJO

MANAGEMENT DISCUSSION AND ANALYSIS
FOR THE YEAR ENDED JUNE 30, 2023
ECONOMIC FACTORS AND FISCAL YEAR 2023-24 BUDGET
Although the U.S. economy in 2023 outperformed expectations, forecasts expect growth to slow due to higher interest rates, inflation, as well as rising national and consumer debt. Recession forecasts have been mixed. Uncertainty remains high from unrest around the world and potential new economic policies from results of the 2024 election. Although unemployment remains low, the effects on commercial property values due to high vacancy rates for office space as more employees seek telecommuting options is still unknown. Furthermore, the rising costs of food, fuel, consumer goods, and services may exacerbate an already slowing economy.

As a result, the fiscal year 2023-24 budget incorporates conservative revenue estimates with a spending plan that exercises fiscal restraint across all departments. The adopted FY 2023-24 budget includes appropriations for programs and projects necessary to continue to provide essential services to the community. General Fund revenues are estimated to total $22.7 million.

Appropriations reflect a prudent budget with budget reductions across all departments. The expenditure budget totals $23.9 million and includes all operating costs, capital improvement expenditures, and debt service.

A General Fund budget deficit is estimated at $1.2 million for FY 2023-24. The use of General Fund reserves is anticipated and will fund capital improvement projects totaling $0.6 million and $0.6 million in debt service payments on the Certificates of Participation. The estimated FY 2023-24 year-end General Fund balance is projected at $33.3 million.

With City expenses outpacing revenue growth, it is more critical now than ever to focus on economic development and to pursue future revenue growth opportunities in the City. Funding for economic development activities at the Aliso Viejo Town Center remains a priority in the new year in order to expand on the City's diverse business base, which consists of a mix of high tech, medical/pharmaceutical, and retail companies. New businesses, such as Tesla and Hunt & Sons, are expected to open during FY 2023-24 and bring significant sales tax revenue to the City; however, those revenue estimates are not included in the FY 2023-24 adopted budget.

General Fund Revenues
Revenue forecasts for FY 2023-24 were prepared using estimates and projections provided by the State, other agencies, and consultants. Anticipated General Fund revenue estimates of $22.7 million and is $4.3 million less than FY 2022-23 actuals. This is a result of the discontinuation of $2.8 million in federal funding and conservative estimates in other categories. Sales tax and transient occupancy tax is anticipated to remain at FY 2022-23 levels.

The City receives 84% of its revenue from taxes. This includes property, sales, transient occupancy, and franchise taxes. Property taxes remain the City’s highest and most stable source of revenue with an estimated increase of $0.2 million over FY 2022-23 actuals to $9.7 million, primarily due to inflationary adjustments by the County’s assessor’s office.

Growth from higher property values is not anticipated due to low inventory and higher interest rates. Sales tax revenue forecasts show no growth from FY 2022-23 and is estimated at $6.0 million. The current sales tax estimates do not include any potential sales tax revenue from new development scheduled to open during the new fiscal year. Projections for 16 76

CITY OF ALISO VIEJO

MANAGEMENT DISCUSSION AND ANALYSIS
FOR THE YEAR ENDED JUNE 30, 2023
the City’s transient occupancy tax are optimistic that the tourism industry has fully rebounded from the effects of stay-at-home orders of the pandemic. With only two hotels in the City, transient occupancy taxes for FY 2023-24 is projected to remain flat at $1.6 million. Franchise fees are collected from companies that provide electric, gas, cable, and solid waste collection within the City. Franchise fees are expected to decrease by $0.1 million from FY 2022-23 actuals due to the continual decline in franchise fees from cable services.

The remaining 16% of General Fund revenues include other sources such as licenses and permits, fines and forfeitures, investment earnings, fees for services, rental income, and recreation. These sources, with the exception of investment earnings, are expected to remain flat compared to current levels. Investment earnings are expected to increase by $0.1 million to $0.4 million as interest rates rise from record low levels.

General Fund Appropriations
General Fund appropriations total $23.9 million for FY 2023-24. Total expenditures include salaries and benefits for 29 full-time positions, 5 elected officials, and part-time positions primarily in recreation. Salaries and benefits expenses include merit-based salary increases and cost-of-living adjustments of 5% effective the beginning of FY 2023-24. No additional staffing was budgeted for the fiscal year.

In addition, appropriations include CalPERS normal pension costs increasing by approximately 1% for both classic and PEPRA employees. Unfunded pension liability costs total $0.1 million, which decreased from the prior year by approximately $11,500. Total CalPERS payments are estimated at $0.5 million. As of the most recent CalPERS actuarial valuation, the City’s accrued liability’s funded ratio is above the required funding level of 80% established by Council policy in 2017.

The FY 2023-24 budget provides the necessary funding to continue essential services throughout the community. The budget reflects a decrease of $0.7 million or 2.9% compared to FY 2022-23 actuals. In light of the City’s reduced revenues, budget reductions were made across all departments for discretionary non-critical expenses.

In addition to the General Fund, the City uses “Special Revenue Funds” to fund various City expenditures. Special Revenue Funds are typically restricted funds, such as Traffic Congestion Relief Funds, Gas Tax, SB 1, Measure M, Air Quality AB 2766 (AQMD), and Federal and Other Grants, and can only be used for specific purposes. Revenue and appropriations for Special Revenue Funds for FY 2023-24 are approximately $9.2 million. At the end of operations for FY 2023-24 the estimated fund balance for all City funds is $38.4 million.

CONTACTING THE CITY’S FINANCIAL MANAGEMENT
This financial report is designed to provide our citizens, taxpayers, customers, investors, and creditors with a general overview of the City’s finances and to show the City’s accountability for the money it receives. If you have questions about this report or need additional financial information, contact the City’s Department of Financial Services, City of Aliso Viejo, 12 Journey, Suite 100, Aliso Viejo, California, 92656, or call (949) 425-2520. 17 77

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18 78
June 30, 2023
(With Comparative Data for Prior Year)
2023 2022
Assets:

Cash and investments (note 2) $ 41,713,181 40,675,427
Receivables:

Accounts 855,106 1,086,934
Accrued interest 179,365 22,879
Lease (note 4) 237,492 214,621
Due from other governments 2,033,761 2,366,019
Inventory 7,279 9,032
Prepaid costs 56,246 85,017
Capital assets not being depreciated (note 6) 68,187,408 68,404,613 Capital assets, net of depreciation (note 6) 44,517,645 44,715,079 Total Assets 157,787,483 157,579,621
Deferred Outflows of Resources:

Pension related items (note 9) 1,292,198 550,755
OPEB related items (note 10) 61,913 68,056
Total Deferred Outflows of Resources 1,354,111 618,811
Liabilities:

Current liabilities:

Accounts payable 2,251,762 2,535,471
Accrued liabilities 271,784 282,995
Deposits payable 2,458,454 2,165,886
Unearned revenue - 2,839,053
Compensated absences - current portion (note 7) 105,207 68,038 Long-term liabilities - current portion (note 7) 356,946 248,682 Non-current liabilities:

Compensated absences - non-current portion (note 7) 115,528 176,945 Long-term liabilities - non-current portion (note 7) 12,464,685 12,454,350 Net pension liability (note 9) 1,427,310 47,870
Total OPEB liability (note 10) 479,275 544,976
Total Liabilities 19,930,951 21,364,266
Deferred Inflows of Resources:

Pension related items (note 9) 94,063 72,529
OPEB related items (note 10) 527,530 426,341
Leases (note 4) 242,308 221,303
Total Deferred Inflows of Resources 863,901 720,173
Net Position:

Net investment in capital assets (note 15) 99,883,422 100,348,736 Restricted for:

Community development projects 1,756,357 1,721,020
Public works 3,258,360 3,990,740
Public safety 171,447 129,019
Unrestricted 33,277,156 29,924,478
Total Net Position $ 138,346,742 136,113,993

CITY OF ALISO VIEJO

STATEMENT OF NET POSITION
Governmental Activities
See notes to financial statements
19 79
FOR THE YEAR ENDED JUNE 30, 2023
(With Comparative Data for Prior Year)
Operating Capital
Charges for Contributions Contributions
Functions/ Programs Expenses Services and Grants and Grants 2023 2022 Primary Government:

Governmental activities:

General government $ 6,019,844 - - - (6,019,844) (4,943,476) Public safety 10,224,474 227,896 3,315,451 - (6,681,127) (9,272,352) Community development 6,190,570 5,795,674 - - (394,896) (198,434) Community services 2,817,896 1,670,852 - - (1,147,044) (210,521) Public works 7,161,695 - 3,616,783 - (3,544,912) 785,396 Interest and fiscal charges 387,579 - - - (387,579) (390,573) Total governmental activities $ 32,802,058 7,694,422 6,932,234 - (18,175,402) (14,229,960) General revenues:

Taxes:

Property taxes, levied for general purpose 9,459,526 9,211,738 Transient occupancy taxes 1,570,525 1,413,074
Sales taxes 6,244,171 6,117,932
Franchise taxes 1,884,639 1,744,239
Other intergovernmental 53,145 57,547
Use of money and property 656,151 (153,060)
Other 332,325 118,665
Total general revenues 20,200,482 18,510,135
Change in net position 2,025,080 4,280,175
Net position, beginning of year,
as restated (note 18) 136,321,662 131,833,818
Net position, end of year $ 138,346,742 136,113,993

STATEMENT OF ACTIVITIES

CITY OF ALISO VIEJO
Program Revenues
Changes in Net Position
Revenue and
Net (Expense)
See notes to financial statements
20 80
Major Governmental Funds

GENERAL FUND
The General Fund has been classified as a major fund and is used to account for revenues and expenditures that are not required to be accounted for in another fund.

SPECIAL REVENUE FUNDS
Special Revenue Funds are used to account for specific revenues that are legally restricted to expenditure for a particular purpose. The following fund have been classified as a major fund.

Aliso Viejo Center
This fund is used to account for the operations of the Aliso Viejo Center. The Aliso Viejo Center is a City owned facility that serves as an ideal venue to accommodate an array of functions, such as banquets, wedding celebrations, conferences, and corporate events.

Nonmajor Governmental Funds
Nonmajor Governmental Funds
These funds constitute all other governmental funds that do not meet the major 10% and 5% test of assets, liabilities, revenues, or expenditures for the governmental funds. These funds consist of other Special Revenue Funds and Capital Projects Funds for the City. 21 81

CITY OF ALISO VIEJO

GOVERNMENTAL FUNDS
June 30, 2023
(With Comparative Data for Prior Year)
Nonmajor
General Aliso Viejo Governmental
Fund Center Funds 2023 2022
Assets:

Cash and investments $ 33,566,436 2,939,211 5,207,534 41,713,181 40,675,427 Receivables:

Accounts 800,495 25,448 29,163 855,106 1,086,934
Accrued interest 179,365 - - 179,365 22,879
Leases 237,492 - - 237,492 214,621
Due from other governments 1,213,266 - 820,495 2,033,761 2,366,019 Inventory - 7,279 - 7,279 9,032
Prepaid costs 55,046 1,200 - 56,246 85,017
Due from other funds (note 5) 1,120,333 - - 1,120,333 322,651 Total Assets $ 37,172,433 2,973,138 6,057,192 46,202,763 44,782,580 Liabilities, Deferred Inflows of Resources
and Fund Balances:

Liabilities:

Accounts payable $ 1,221,003 553,230 477,529 2,251,762 2,535,471 Accrued liabilities 254,130 - 17,654 271,784 282,995
Deposits payable 1,020,597 1,437,857 - 2,458,454 2,165,886 Due to other funds (note 5) - 921,813 198,520 1,120,333 322,651 Unearned revenue - - - - 2,839,053
Total Liabilities 2,495,730 2,912,900 693,703 6,102,333 8,146,056 Deferred Inflows of Resources:

Leases 242,308 - - 242,308 221,303
Unavailable revenue - grants 8,296 - 255,962 264,258 397,289 Total Deferred Inflows of Resources 250,604 - 255,962 506,566 618,592 Fund Balances:

Non-Spendable:

Prepaid costs and inventory 55,046 8,479 - 63,525 81,267 Restricted for:

Debt service - - 178 178 -
Community development projects - - 1,756,357 1,756,357 1,721,020 Capital projects - - 3,391,391 3,391,391 3,990,740
Public safety - - 171,447 171,447 129,019
Assigned to:

Contingencies 3,498,990 - - 3,498,990 3,500,571
Self Insurance/benefit obligations 600,000 - - 600,000 600,000 Asset replacement 13,173,633 - - 13,173,633 11,882,444
Emergencies and unanticipated traffic projects 11,266,779 - - 11,266,779 10,000,000 Aliso Viejo Center - 51,759 51,759 -
Unassigned 5,831,651 - (211,846) 5,619,805 4,112,871
Total Fund Balances (Deficit) 34,426,099 60,238 5,107,527 39,593,864 36,017,932 Total Liabilities, Deferred Inflows of
Resources and Fund Balances $ 37,172,433 2,973,138 6,057,192 46,202,763 44,782,580

BALANCE SHEET
Special Revenue
Totals
22 See notes to financial statements
82 CITY OF ALISO VIEJO

RECONCILIATION OF THE BALANCE SHEET OF GOVERNMENTAL FUNDS JUNE 30, 2023
Fund Balances of Governmental Funds $ 39,593,864
Position are different because:

Capital assets used in governmental activities are not current financial resources and, therefore, are not reported in the funds:

Capital assets 139,185,064
Accumulated depreciation/amortization (26,480,011)
Deferred inflows and outflows of resources related to pension and OPEB have not been reported in the governmental funds:

Deferred outflows - Pension related items 1,292,198
Deferred outflows - OPEB related items 61,913
Deferred inflows - Pension related (94,063)
Deferred inflows - OPEB related (527,530)
Compensated absences that have not been included in the governmental fund activity. (220,735)
Governmental funds report all pension contributions as expenditures, however, in the Statement of Net Position, the excess of the plan's proportionate share of the total pension liability over the proportionate share of the plan's fiduciary net position is reported as a net pension liability. (1,427,310)
Governmental funds report all OPEB contributions as expenditures, however, in the Statement of Net Position, any excesses of the OPEB plan's total pension liability over the OPEB plan's fiduciary net position is reported as a net OPEB liability. (479,275) Revenues reported as unavailable revenue in the governmental funds are recognized in the Statement of Activities. These are classified as intergovernmental revenues in the Government-Wide Financial Statements. 264,258
Long-term liabilities are not due and payable in the current period:

Bonds payable (11,545,000)
Unamortized premium (871,257)
Subscription liability (399,551)
Lease liability (5,823)
Net Position of Governmental Activities $ 138,346,742
Amounts reported for governmental activities in the Statement of Net

TO THE STATEMENT OF NET POSITION
See notes to financial statements
23 83

CITY OF ALISO VIEJO

STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES

GOVERNMENTAL FUNDS
FOR THE YEAR ENDED JUNE 30, 2023
(With Comparative Data for Prior Year)
Nonmajor
General Aliso Viejo Governmental
Fund Center Funds 2023 2022
Revenues:

Taxes $ 19,063,829 - - 19,063,829 18,420,699
Licenses and permits 876,079 - - 876,079 714,168
Intergovernmental 65,302 - 7,126,856 7,192,158 6,674,078 Charges for services 1,831,466 2,953,081 871,793 5,656,340 3,636,265 Use of money and property 547,732 - 141,915 689,647 867,839 Fines and forfeitures 227,896 - - 227,896 173,133
Contributions - - 6,300 6,300 50
Other 651,636 596,284 - 1,247,920 494,407
Total revenues 23,263,940 3,549,365 8,146,864 34,960,169 30,980,639 Expenditures:

Current:

General government 4,884,635 - 142,157 5,026,792 4,463,657 Community development 5,233,553 2,567,314 1,375,724 9,176,591 7,654,266 Public works 1,664,541 - 4,601,896 6,266,437 4,988,268
Public safety 10,038,157 - 123,926 10,162,083 9,505,403 Debt service:

Principal payment 76,406 - 256,080 332,486 243,625
Interest and fiscal charges 2,148 - 417,608 419,756 422,842 Capital outlay 92 - - 92 23,131
Total expenditures 21,899,532 2,567,314 6,917,391 31,384,237 27,301,192 Excess (deficiency) of revenues
over (under) expenditures 1,364,408 982,051 1,229,473 3,575,932 3,679,447 Other Financing Sources (Uses):

Transfers in (note 5) 3,803,096 - 4,259,514 8,062,610 6,235,970 Transfers out (note 5) (1,321,573) (921,813) (5,819,224) (8,062,610) (6,235,970) Lease acquisition - - - - 23,131
Total other financing sources (uses) 2,481,523 (921,813) (1,559,710) - 23,131 Net change in fund balances 3,845,931 60,238 (330,237) 3,575,932 3,702,578 Fund balances, beginning of year 30,580,168 - 5,437,764 36,017,932 32,315,354 Fund balances, end of year $ 34,426,099 60,238 5,107,527 39,593,864 36,017,932 Special Revenue
Total
24 See notes to financial statements
84 CITY OF ALISO VIEJO

RECONCILIATION OF THE STATEMENT OF REVENUES, EXPENDITURES,

AND CHANGES IN FUND BALANCES TO THE STATEMENT OF ACTIVITIES FOR THE YEAR ENDED JUNE 30, 2023
Net Change in Fund Balances - Total Governmental Funds $ 3,575,932 are different because:

Governmental funds report capital outlays as expenditures. However, in the Government-Wide Statement of Activities, the costs of those assets are allocated over their estimated useful lives as depreciation expense.

Capital outlay and deletions 337,631
Depreciation and amortization (1,443,293)
Compensated absences expenses reported in the Statement of Activities do not require the use of current financial resources and therefore, are not reported as expenditures in governmental funds. 24,248 Pension obligation expenses, net of pension deferred related amounts, reported in the Statement of Activities do not require current financial resources and therefore, are not reported as expenditures in governmental funds. (659,531)
OPEB obligation expenses, net of OPEB deferred related amounts, reported in the Statement of Activities do not require current financial resources and therefore, are not reported as expenditures in governmental funds. (41,631)
Revenues reported as unavailable revenue in the governmental funds are recognized in the Statement of Activities. These are classified as program revenues in the Government-Wide Financial Statements. (133,031) The issuance of long-term debt provides current financial resources in the governmental funds, but issuance of debt increases the long-term liabilities in the Statement of Net Position, while the repayment of long-term liabilities consumes the current financial resources of governmental funds.

Bonds principal 240,000
Unamortized premium 32,269
Leases principal 8,683
Subscription principal 83,803
Change in Net Position of Governmental Activities $ 2,025,080 Amounts reported for governmental activities in the Statement of Activities See notes to financial statements
25 85

STATEMENT OF FIDUCIARY NET POSITION
JUNE 30, 2023
Custodial
Fund
Assets:

Cash and investments with fiscal agents (note 2) $ 4,860,578 Due from other governments 30,806
Total assets 4,891,384
Liabilities:

Accounts payable 223,948
Total liabilities 223,948
Net position:

Restricted for organizations and other governments 4,667,436 Total net position $ 4,667,436

CITY OF ALISO VIEJO

FIDUCIARY FUNDS
See notes to financial statements
26 86

STATEMENT OF CHANGES IN FIDUCIARY NET POSITION
FOR THE YEAR ENDED JUNE 30, 2023
Custodial
Fund
Additions:

Assessments $ 2,404,521
Interest income 32,041
Total additions 2,436,562
Deductions:

Payments to bondholders:

Principal 780,000
Interest 1,402,073
Total deductions 2,182,073
Net increase (decrease) in fiduciary net position 254,489 Net position, beginning of year 4,412,947
Net position, end of year $ 4,667,436

CITY OF ALISO VIEJO

FIDUCIARY FUNDS
See notes to financial statements
27 87

CITY OF ALISO VIEJO

NOTES TO THE BASIC FINANCIAL STATEMENTS
For The Year Ended June 30, 2023
Note 1: Summary of Significant Accounting Policies
The accounting policies of the City of Aliso Viejo conform to generally accepted accounting principles as applicable to governments. The Governmental Accounting Standards Board (GASB) is the accepted standard-setting body for establishing governmental accounting and financial reporting principles.
a. Reporting Entity
The City of Aliso Viejo (the City) was incorporated July 1, 2001, under the general laws of the State of California. The City operates under the Council-Manager form of government.

The City provides the following services as authorized by its general laws: public safety, public works, community development and general administrative services.

Generally accepted accounting principles require that these financial statements present the City and its component units, entities for which the City is considered to be financially accountable. As of the end of the reporting period the City had one component unit as defined by the GASB.

Aliso Viejo Public Facilities Corporation
The Aliso Viejo Public Facilities Corporation (Corporation) was created on July 19, 2006, for the purpose of providing for the financing of the acquisition and improvement of a building to be used as City Hall through the issuance of Certificates of Participation (COP) by the Corporation and the lease-back of the building from the Corporation to the City.

Members of the City Council and management of the City act as the Corporation’s governing board and exerts significant influence over its operations. Separate financial statements are not prepared for this Corporation, however, the Corporation is active as of August 2019 due to the issuance of the 2019 COPs.
b. Measurement Focus, Basis of Accounting, and Basis of Presentation The basic financial statements of the City are composed of the following:
 Government-wide financial statements
 Fund financial statements
 Notes to the basic financial statements
28 88

CITY OF ALISO VIEJO

NOTES TO THE BASIC FINANCIAL STATEMENTS
For The Year Ended June 30, 2023
Note 1: Summary of Significant Accounting Policies (Continued) Government-Wide Financial Statements: Government-wide financial statements display information about the reporting government as a whole, except for its fiduciary activities. These statements include a single column for the governmental activities of the primary government. The City of Aliso Viejo has no business-type activities. Eliminations have been made in the Statement of Activities so that certain allocated expenses are recorded only once (by the function to which they were allocated). However, general government expenses have not been allocated as indirect expenses to the various functions of the City.

Government-wide financial statements are presented using the economic resources measurement focus and the accrual basis of accounting. Under the economic resources measurement focus, all (both current and long-term) economic resources and obligations of the reporting government are reported in the government-wide financial statements.

Basis of accounting refers to when revenues and expenses are recognized in the accounts and reported in the financial statements. Under the accrual basis of accounting, revenues, expenses, gains, losses, assets, and liabilities resulting from exchange and exchange-like transactions are recognized when the exchange takes place.

Program revenues include charges for services, special assessments, and program payments. Program revenues are netted with program expenses in the Statement of Activities, to present the net cost of each program.

Amounts paid to acquire capital assets are capitalized as assets in the government-wide financial statements, rather than reported as an expenditure. Proceeds of long-term debt are recorded as a liability in the government-wide financial statements, rather than as another financing source. Amounts paid to reduce long-term indebtedness of the reporting government are reported as a reduction of the related liability, rather than as an expenditure.

Fund Financial Statements: The underlying accounting system of the City is organized and operated on the basis of separate funds, each of which is considered to be a separate accounting entity. The operations of each fund are accounted for with a separate set of self-balancing accounts that comprise its assets, liabilities, fund balances, revenues, and expenditures or expenses, as appropriate. Governmental resources are allocated to and accounted for in individual funds based upon the purposes for which they are to be spent and the means by which spending activities are controlled.

Fund financial statements for the primary government’s governmental, and fiduciary funds are presented after the government-wide financial statements. These statements display information about major funds individually and other funds in the aggregate for governmental funds. Fiduciary statements include financial information for fiduciary funds.

Fiduciary funds of the City primarily represent assets held by the City in a custodial capacity for other individuals or organizations. Custodial funds use the economic resources measurement focus and the accrual basis of accounting.
29 89

CITY OF ALISO VIEJO

NOTES TO THE BASIC FINANCIAL STATEMENTS
For The Year Ended June 30, 2023
Note 1: Summary of Significant Accounting Policies (Continued) Governmental Funds: In the fund financial statements, governmental funds are presented using the modified-accrual basis of accounting. Their revenues are recognized when they become measurable and available as net current assets. Measurable means that the amounts can be estimated, or otherwise determined. Available means that the amounts were collected during the reporting period or soon enough thereafter to be available to finance the expenditures accrued for the reporting period. The City uses an availability period of 60 days.

Sales taxes, property taxes, franchise taxes, gas taxes, motor vehicle license fee, transient occupancy taxes, grants, and interest associated with the current fiscal period are all considered to be susceptible to accrual and so have been recognized as revenues of the current fiscal period to the extent normally collected within the availability period. Other revenue items are considered to be measurable and available where cash is received by the government.

Revenue recognition is subject to the measurable and availability criteria for the governmental funds in the fund financial statements. Exchange transactions are recognized as revenues in the period in which they are earned (i.e., the related goods or services are provided). Locally imposed derived tax revenues are recognized as revenues in the period in which the underlying exchange transaction upon which they are based takes place. Imposed non-exchange transactions are recognized as revenues in the period for which they were imposed. If the period of use is not specified, they are recognized as revenues when an enforceable legal claim to the revenues arises or when they are received, whichever occurs first. Government-mandated and voluntary non-exchange transactions are recognized as revenues when all applicable eligibility requirements have been met. Revenues, expenses, gains, losses, assets, and liabilities resulting from nonexchange transactions are recognized in accordance with the requirements of GASB Statement No. 33 which requires that local governments defer grant revenue that is not received within 60 days after the fiscal year ends to meet the “available” criteria of revenue recognition.

In the fund financial statements, governmental funds are presented using the current financial resources measurement focus. This means that only current assets and current liabilities are generally included on their balance sheets. The reported fund balance (net current assets) is considered to be a measure of “available spendable resources.” Governmental fund operating statements present increases (revenues and other financing sources) and decreases (expenditures and other financing uses) in net current assets.

Accordingly, they are said to present a summary of sources and uses of “available spendable resources” during a period.

Non-current portions of long-term receivables due to governmental funds are reported on their balance sheets in spite of their spending measurement focus. Special reporting treatments are used to indicate, however, that they should not be considered “available spendable resources,” since they do not represent net current assets. 30 90

CITY OF ALISO VIEJO

NOTES TO THE BASIC FINANCIAL STATEMENTS
For The Year Ended June 30, 2023
Note 1: Summary of Significant Accounting Policies (Continued) Recognition of governmental fund type revenue represented by non-current receivables are deferred until they become current receivables. Non-current portions of other longterm receivables are classified as non spendable fund balance.

Because of their spending measurement focus, expenditure recognition for governmental fund types excludes amounts represented by non-current liabilities. Since they do not affect net current assets, such long-term amounts are not recognized as governmental fund type expenditures or fund liabilities.

Amounts expended to acquire capital assets are recorded as expenditures in the year that resources were expended, rather than as fund assets. The proceeds of long-term debt are recorded as another financing source rather than as a fund liability. Amounts paid to reduce long-term indebtedness are reported as fund expenditures.

When both, restricted and unrestricted resources, are combined in a fund, expenses are considered to be paid first from restricted resources, and then from unrestricted resources. c. Fund Classifications
The City reports the following major governmental funds:

General Fund: The General Fund is the general operating fund of the City. It is used to account for all financial resources except those required to be accounted for in another fund.

Aliso Viejo Center Special Revenue Fund: This fund is used to account for the operations of the Aliso Viejo Center. The Aliso Viejo Center is a City owned facility that serves as an ideal venue to accommodate an array of functions, such as banquets, wedding celebrations, conferences and corporate events. Revenues are generated from events held at the facility.

Additionally, the government reports the following fund types:

Special Revenue Funds: These funds are used to account for revenues which are legally restricted to expenditures for special purposes.

Capital Projects Funds: These funds are used to account for the financial resources used for the acquisition of capital assets and are funded by the General Fund, Gas Tax Fund, Measure M Fund, and the Federal Grants Fund.

Debt Service Funds: These funds is used to account for the City’s debt payments as well as any additional debt amounts deemed to be advisable and necessary for any public or municipal purposes.

Custodial Funds: These funds are used to account for special assessments received for which the City acts as an agent for all Community Facilities District debt activity. 31 91

CITY OF ALISO VIEJO

NOTES TO THE BASIC FINANCIAL STATEMENTS
For The Year Ended June 30, 2023
Note 1: Summary of Significant Accounting Policies (Continued) d. Cash and Investments
Investments are reported in the accompanying statement of net position at fair value.

Changes in fair value that occur during a fiscal year are recognized as investment income reported for that fiscal year. Investment income includes interest earnings and changes in fair value. The City pools cash and investments of all funds. Each fund’s share in this pool is displayed in the accompanying financial statements as cash and investments.

Investment income earned by the pooled investments is allocated to the various funds based on each fund’s average cash and investment balance, except for investment income associated with funds not legally required to receive pooled investment income which has been assigned to and recorded as revenue of the General Fund, as provided by California Government Code Section 53647.

The following is a description of the valuation methodologies used for assets measured at fair value. There have been no changes in the methodologies used:

Level 1: inputs are unadjusted quoted prices in active markets for identical assets; level 2: quoted prices for similar assets or liabilities in active markets; level 3: inputs to the valuation methodology are unobservable and significant to the fair value measurement. e. Prepaids
Certain payments to vendors reflect costs applicable to future accounting periods and are recorded as prepaid items in both, the government-wide and fund financial statements.

Prepaid items are reported in the governmental funds under the consumption method and are offset by a reservation of fund balance to indicate that they are not spendable for appropriation and are not expendable financial resources. f. Leases
The City is a lessor and lessee for leases as detailed in notes 4 and 7. The City recognizes a lease receivable, a deferred inflow of resources, and a lease payable in the financial statements.

At the commencement of the lease, the City initially measures the lease receivable at the present value of payments expected to be received and paid during the lease term.

Subsequently, the lease receivable is reduced by the principal portion of lease payments received and the lease payable is reduced by the principal portion of lease payments made. The deferred inflow of resources is initially measured as the initial amount of the lease receivable, adjusted for lease payments received at or before the lease commencement date. Subsequently, the deferred inflows of resources is recognized as revenue over the life of the lease term.

Key estimates and judgments include how the City determines the discount rate it uses to discount the expected lease receipts and payments to present value, lease term and lease receipts.
 The City uses the estimated cost of capital rate as the discount rate for leases.  The lease term includes the noncancellable period of the lease. 32 92

CITY OF ALISO VIEJO

NOTES TO THE BASIC FINANCIAL STATEMENTS
For The Year Ended June 30, 2023
Note 1: Summary of Significant Accounting Policies (Continued) The City monitors changes in circumstances that would require a remeasurement of its leases and will remeasure the lease receivable and deferred inflows of resources if certain changes occur that are expected to significantly affect the amount of the lease receivable. g. Subscription-Based Information (IT) Arrangements
The City is a participant in subscription-based IT arrangements as detailed in note 7. The City recognizes a subscription-based IT payable and right to use IT assets in the financial statements. At the commencement of the arrangement, the City initially measures the payable at the present value of payments expected to be paid during the arrangement term. Subsequently, the payable is reduced by the principal portion of payments made.

The right to use assets are initially measured at the initial amount of the subscriptionbased IT payable. Subsequently, the right to use assets are amortized over the life of the arrangement term.
h. Capital Assets
Capital assets (including infrastructure) are recorded at cost where historical records are available and at an estimated original cost where no historical records exist. Donated capital assets, donated works of art and similar items, and capital assets received in a service concession arrangement are reported at acquisition value rather than fair value.

Generally, capital asset purchases in excess of $5,000 are capitalized if they have an expected useful life of three years or more.

Capital assets include public domain (infrastructure) general capital assets consisting of certain improvements including roads, streets, sidewalks, medians, and storm drains. The City has elected to include infrastructure capital assets in their entirety (e.g., prior to 1980) in compliance with requirements of GASB Statement No. 34.

Capital assets used in operations are depreciated over their estimated useful lives, except for streets, of which the City reports based on using the modified approach. The City uses the straight-line method in the government-wide financial statements for depreciating storm drains, park equipment, buildings, equipment and furniture, and leasehold improvements. Depreciation is charged as an expense against operations and accumulated depreciation is reported on the respective statement of net position. The range of lives used for depreciation purposes for each capital asset class are as follows:

Items Useful Life
Buildings 100 years
Improvements 3-50 years
Equipment and furniture 5 years
Right-to-use assets Life of lease
Infrastructure:

Sidewalks 20-50 years
Curb and gutters 20-50 years
Medians 20-50 years
Traffic signals 15 years
Street signs 15 years
Storm drains 20-50 years
Park equipment 10-50 years
33 93

CITY OF ALISO VIEJO

NOTES TO THE BASIC FINANCIAL STATEMENTS
For The Year Ended June 30, 2023
Note 1: Summary of Significant Accounting Policies (Continued) The City of Aliso Viejo met all the criteria required by GASB Statement No. 34 to report their streets and roads network using the modified approach, which allows those infrastructure assets to be non-depreciable. Hence, all expenditures made for the streets and roads asset network (except for additions and improvements) are expensed in the period incurred. Additions or improvements to the streets and roads network assets that increase the capacity or efficiency of those assets (rather than preserve the useful life) are capitalized. The City elected to set their minimum acceptable level of condition at 80 for all streets and roads network systems based on their pavement management system scale of 1 to 100. The City plans to test/assess the condition level at least every three years. See the accompanying Required Supplementary Information section for additional information.
i. Deferred Outflows/Inflows of Resources
In addition to assets, the statement of financial position will sometimes report a separate section for deferred outflows of resources. This separate financial statement element, deferred outflows of resources, represent a consumption of net assets that applies to future periods and so will not be recognized as an outflow of resources (expense/ expenditure) until then. The City has deferred outflows of resources related to pension and OPEB items.

In addition to liabilities, the statement of financial position will sometimes report a separate section for deferred inflows of resources. This separate financial statement element, deferred inflows of resources, represent an acquisition of net position that applies to future periods and so will not be recognized as an inflow of resources (revenue) until that time. The City of Aliso Viejo has three types of items. Unavailable revenue is reported only in the governmental funds balance sheet. The governmental funds report unavailable revenues from various sources such as, grant revenue, taxes, and other special revenue.

These amounts are deferred and recognized as an inflow of resources in the period that the amounts become available. The second item is deferred pension and OPEB related items. The third item is deferred inflows related to leases. j. Pensions
For purposes of measuring the net pension liability, deferred outflows of resources and deferred inflows of resources related to pensions, pension expense, information about the fiduciary net position of the Plan, and additions to/deductions from the Plan’s fiduciary net position have been determined on the same basis. For this purpose, benefit payments (including refunds of employee contributions) are recognized when currently due and payable in accordance with the benefit terms. Investments are reported at fair value.

GASB 68 requires that the reported results must pertain to liability and asset information within certain defined timeframes. For this report, the following timeframes are used.

Valuation Date (VD) June 30, 2021
Measurement Date (MD) June 30, 2022
Measurement Period (MP) July 1, 2021 to June 30, 2022
34 94

CITY OF ALISO VIEJO

NOTES TO THE BASIC FINANCIAL STATEMENTS
For The Year Ended June 30, 2023
Note 1: Summary of Significant Accounting Policies (Continued) k. Other Post Employment Benefits (OPEB)
For purposes of measuring the net OPEB liability, deferred outflows of resources and deferred inflows of resources related to OPEB, and OPEB expense and information about the plan (OPEB Plan), have been determined by an independent actuary. For this purpose, benefit payments are recognized when currently due and payable in accordance with the benefit terms.

Generally accepted accounting principles require that the reported results must pertain to liability information within certain defined timeframes. For this report, the following timeframes are used:

Valuation Date (VD) June 30, 2021
Measurement Date (MD) June 30, 2022
Measurement Period (MP) July 1, 2021 to June 30, 2022
l. Compensated Absences
In accordance with generally accepted accounting principles, an employee benefits payable liability is recorded for unused vacation and similar compensatory leave balances.

The employee’s entitlements to these balances are attributable to services already rendered and it is probable that virtually all of these balances will be liquidated by either paid time off or payments upon termination or retirement. m. Property Taxes
Under California law, property taxes are assessed and collected by the counties up to 1% of assessed value, plus other increases approved by the voters. The property taxes go into a pool, and are then allocated to the cities based on complex formulas. Accordingly, the City recognizes as revenue only those taxes which are received within 60 days after year end.

The property tax calendar is as follows:

Lien Date: January 1
Levy Date: July 1
Due Date: First Installment - November 1
Second Installment - February 1
Delinquent Date: First Installment - December 10
Second Installment - April 10
n. Use of Estimates
The preparation of basic financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenditures during the reporting period. Actual results could differ from those estimates.
35 95

CITY OF ALISO VIEJO

NOTES TO THE BASIC FINANCIAL STATEMENTS
For The Year Ended June 30, 2023
Note 1: Summary of Significant Accounting Policies (Continued) o. Net Position Flow Assumption
Sometimes the City will fund outlays for a particular purpose from both, restricted (e.g., restricted bond or grant proceeds) and unrestricted resources. In order to calculate the amounts to report as restricted – net position and unrestricted – net position in the government-wide, a flow assumption must be made about the order in which the resources are considered to be applied. It is the City’s policy to consider restricted – net position to have been depleted before unrestricted – net position is applied. p. Fund Balance Flow Assumption
Sometimes the City will fund outlays for a particular purpose from both, restricted and unrestricted resources (the total of committed, assigned, and unassigned fund balance).

In order to calculate the amounts to report as restricted, committed, assigned, and unassigned fund balance in the governmental fund financial statements, a flow assumption must be made about the order in which the resources are considered to be applied. It is the government’s policy to consider restricted fund balance to have been depleted before using any of the components of unrestricted fund balance. Further, when the components of unrestricted fund balance can be used for the same purpose, committed fund balance is depleted first, followed by assigned fund balance. Unassigned fund balance is applied last.
q. Fund Equity and Net Position
In the fund financial statements, government funds report the following fund balance classification:

Nonspendable include amounts that cannot be spent because they are either (a) not in spendable form or (b) legally or contractually required to be maintained intact.

Restricted include amounts that are constrained on the use of resources by either (a) external creditors, grantors, contributors, or laws of regulations of other governments or (b) by law through constitutional provisions or enabling legislation.

Committed include amounts that can only be used for specific purposes pursuant to constraints imposed by formal action of the government’s highest authority, City Council. The formal action that is required to be taken to establish, modify, or rescind a fund balance commitment is a resolution.

Assigned include amounts that are constrained by the government’s intent to be used for specific purposes, but are neither restricted nor committed. The City Manager and/or Financial Services Director is authorized to assign amounts to a specific purpose, which was established by the governing through a resolution.

Unassigned include the residual amounts that have not been restricted, committed, or assigned to specific purposes.
36 96

CITY OF ALISO VIEJO

NOTES TO THE BASIC FINANCIAL STATEMENTS
For The Year Ended June 30, 2023
Note 1: Summary of Significant Accounting Policies (Continued) An individual governmental fund could include nonspendable resources and amounts that are restricted or unrestricted (committed, assigned, or unassigned) or any combination of those classifications. Restricted or unrestricted amounts are to be considered spent when an expenditure is incurred for purposes for which both restricted and unrestricted fund balance is available and committed, assigned, then unassigned amounts are considered to have been spent when an expenditure is incurred for purposes for which amounts in any of those unrestricted fund balance classifications can be used.

The general fund is the only fund that reports a positive unassigned fund balance amount.

In other governmental funds it is not appropriate to report a positive unassigned fund balance amount. However, in governmental funds other than the general fund, if expenditures incurred for specific purposes exceed the amounts that are restricted, committed, or assigned to those purposes, it may be necessary to report a negative unassigned fund balance in that fund.

In the government-wide financial statements and fiduciary fund financial statements, net position is reported in three categories: net investment in capital assets, restricted net position and unrestricted. The restricted portion of net position represents net position restricted by parties outside of the City (such as creditors, grantors, contributors, and laws and regulations of over governments) and includes unspent proceeds of bonds issued to acquire or construct capital assets. The City’s other restricted net position is temporarily restricted (ultimately expendable assets). All other net position is considered unrestricted. r. Implementation of New GASB Pronouncement
Governmental Accounting Standards Board has issued Statement No. 96, Subscriptionbased Information Technology Arrangements (SBITAs). This Statement provides guidance on the accounting and financial reporting for subscription-based information technology arrangements (SBITAs) for government end users (governments). This Statement (1) defines a SBITA; (2) establishes that a SBITA results in a right-to-use subscription asset— an intangible asset—and a corresponding subscription liability; (3) provides the capitalization criteria for outlays other than subscription payments, including implementation costs of a SBITA; and (4) requires note disclosures regarding a SBITA.

The requirements of this Statement are effective for fiscal years beginning after June 15, 2022, and all reporting periods thereafter. Early application is encouraged. Assets and liabilities resulting from SBITAs should be recognized and measured using the facts and circumstances that existed at the beginning of the fiscal year in which this Statement is implemented.
s. Prior Year Data
The information included in the accompanying financial statements for the prior year has been presented for comparison purposes only and does not represent a complete presentation in accordance with generally accepted accounting principles. Certain minor reclassifications of prior year data have been made in order to enhance their comparability with current year figures.
37 97

CITY OF ALISO VIEJO

NOTES TO THE BASIC FINANCIAL STATEMENTS
For The Year Ended June 30, 2023
Note 2: Cash and Investments
Cash and investments as of June 30, 2023, are classified in the accompanying financial statements as follows:

Cash and investments as of June 30, 2023 consists of the following:

Investments Authorized by the California Government Code and the City’s Investment Policy The following table identifies the investment types that are authorized for the City by the California Government Code and the City’s investment policy. The table also identifies certain provisions of the California Government Code (or the City’s investment policy, if more restrictive) that address interest rate risk, credit risk, and concentration of credit risk. This table does not address investments of debt proceeds held by bond trustee that are governed by the provisions of debt agreements of the City, rather than the general provisions of the California Government Code or the City’s investment policy. The City Treasurer may waive the collateral requirement for deposits that are fully insured up to $250,000 by the FDIC. * Based on state law requirements or investment policy requirements, whichever is more restrictive.

Authorized by Maximum Maximum
Investment Types Authorized Investment Maximum Percentage of Investment in by State Law Policy Maturity Portfolio One Issuer*
U.S. Treasury Obligations Yes 5 years 100% None
U.S. Agency Securities Yes 5 years 60% 35% per agency
Supernational Securities Yes 5 years 20% 10% per issuer Banker's Acceptances Yes 180 days 20% 5% per issuer
Commercial Paper Yes 270 days 20% 5%
Certificates of Deposit Yes 5 years 30% 5%
Negotiable Certificates of Deposit Yes 5 years 30% 250,000 Repurchase Agreements Yes 92 days 20% 20%
Medium-Term Notes Yes 5 years 30% 5%
Money Market Mutual Funds Yes None 10% 10% per fund
Local Agency Investment Fund Yes None 100% 75,000,000
Cash on hand $ 2,758
Deposits with financial institutions 5,734,983
Investments 40,836,018
Total cash and investments $ 46,573,759
Statement of Net Position:

Cash and investments $ 41,713,181
Statement of Fiduciary Net Position:

Cash and investments with fiscal agent 4,860,578
Total cash and investments $ 46,573,759
38 98

CITY OF ALISO VIEJO

NOTES TO THE BASIC FINANCIAL STATEMENTS
For The Year Ended June 30, 2023
Note 2: Cash and Investments (Continued)
Investments Authorized by Debt Agreements
Investment of debt proceeds held by bond trustee are governed by provisions of the debt agreements, rather than the general provisions of the California Government Code or the City’s investment policy. The table below identifies the investment types that are authorized for investments held by bond trustee. The table also identifies certain provisions of these debt agreements that address interest rate risk, credit risk, and concentration of credit risk.

Interest Rate Risk
Interest rate risk is the risk that changes in market interest rates will adversely affect the fair value of an investment. Generally, the longer the maturity of an investment, the greater the sensitivity of its fair value is to changes in market interest rates. Information about the sensitivity of the fair values of the City’s investments to market interest rate fluctuations is provided by the following table that shows the distribution of the City’s investments by maturity:

Investment Type Total
12 Months or
Less
13 to 24
Months
25 to 60
Months
Negotiable Certificates of Deposit $ 4,823,891 1,424,229 2,713,255 686,407 Federal Agency Securities 9,917,212 5,583,069 2,495,380 1,838,763 U.S. Treasury Securities 12,509,496 2,984,828 7,624,105 1,900,563 Medium-Term Corporate Notes 1,934,249 498,916 1,435,333 - State Investment Pool (LAIF) 7,066,695 7,066,695 - -
Held By Fiscal Agent:

U.S. Treasury Money Market 1,777,269 1,777,269 - -
U.S. Treasury Securities 1,317,223 450,277 866,946 -
Federal Agency Securities 1,489,983 - 1,489,983 -
Total $ 40,836,018 19,785,283 16,625,002 4,425,733
Remaining Maturity
Maximum Maximum
Investment Types Authority Maximum Percentage of Investment in by State Law Maturity Portfolio One Issuer*
U.S. Treasury Obligations 5 years None None
U.S. Agency Securities 5 years None None
Banker's Acceptances 180 days None None
Commercial Paper 270 days None None
Certificates of Deposit None None
Money Market Funds N/A None None
Investment Agreements None None None
Defeasance Obligations None None None
Municipal Obligations None None None
Local Agency Investment Fund None None None
39 99

CITY OF ALISO VIEJO

NOTES TO THE BASIC FINANCIAL STATEMENTS
For The Year Ended June 30, 2023
Note 2: Cash and Investments (Continued)
Credit Risk
Generally, credit risk is the risk that an issuer of an investment will not fulfill its obligation to the holder of the investment. This is measured by the assignment of a rating by a nationally recognized statistical rating organization. Presented on the next page is the minimum rating required by (where applicable) the California Government Code, the City’s investment policy, or debt agreements and the actual rating as of year-end for each investment type:

Concentration of Credit Risk
The investment policy of the City contains no limitations on the amount that can be invested in any one issuer beyond that stipulated by the California Government Code. Investments in any one issuer (other than U.S. Treasury securities, mutual funds and external investment pools) that represent 5% or more of the total City’s investments are as follows:

Custodial Credit Risk
Custodial credit risk for deposits is the risk that in the event of the failure of a depository financial institution, a government will not be able to recover its deposits or will not be able to recover collateral securities that are in the possession of an outside party. The custodial credit risk for investments is the risk that in the event of the failure of the counterparty (e.g., broker-dealer) to a transaction, a government will not be able to recover the value of its investment or collateral securities that are in the possession of another party. The California Government Code and the City’s investment policy do not contain legal or policy requirements that would limit the exposure to custodial credit risk for deposits or investments, other than the following provision for deposits: The California Government Code requires that a financial institution secure deposits made by state or local governmental units by pledging securities in an undivided collateral pool held by a depository regulated under state law (unless so waived by the governmental unit). The fair value of the pledged securities in the collateral pool must equal at least 110% of the total amount deposited by the public agencies. California Issuer Investment Type
Reported
amount
Percentage
of portfolio
Federal Home Loan Bank Federal Agency Securities $ 6,482,917 16% Federal Farm Credit Banks Funding
Corporation Federal Agency Securities 2,171,602 5%
Investment Type Total
Minimum Legal
Rating AAA AA A Not Rated
Negotiable Certificates of Deposit $ 4,823,891 N/A - - - 4,823,891 Federal Agency Securities 9,917,212 N/A - 5,791,827 4,125,385 - U.S. Treasury Securities 12,509,496 N/A - - - 12,509,496 Medium-Term Corporate Notes 1,934,249 A 498,916 1,435,333 - - State Investment Pool (LAIF) 7,066,695 N/A - - - 7,066,695 Held By Fiscal Agent:

U.S. Treasury Money Market 1,777,269 AAA 1,777,269 - - - U.S. Treasury Securities 1,317,223 N/A - - - 1,317,223
Federal Agency Securities 1,489,983 N/A - 1,489,983 - - Total $ 40,836,018 2,276,185 8,717,143 4,125,385 25,717,305 Ratings as of Year End
40 100

CITY OF ALISO VIEJO

NOTES TO THE BASIC FINANCIAL STATEMENTS
For The Year Ended June 30, 2023
Note 2: Cash and Investments (Continued)
law also allows financial institutions to secure City deposits by pledging first trust deed mortgage notes having a value of 150% of the secured public deposits.

Investment in State Investment Pool
The City is a voluntary participant in the Local Agency Investment Fund (LAIF) that is regulated by the California Government Code 16429 under the oversight of the Treasurer of the State of California. The fair value of the City’s investment in this pool is reported in the accompanying financial statements at an amount based upon the City’s pro-rata share of the fair value provided by LAIF for the entire LAIF portfolio (in relation to the amortized cost of that portfolio). The balance available for withdrawal is based on the accounting records maintained by LAIF, which are recorded on an amortized cost basis. Currently, LAIF does not have an investment rating.

Fair Value Measurements
The City categorizes its fair value measurements within the fair value hierarchy established by generally accepted accounting principles. The hierarchy is based on the valuation inputs used to measure the fair value of the asset. Level 1 inputs are quoted prices in active markets for identical assets; Level 2 inputs are significant other observable inputs; Level 3 inputs are significant unobservable inputs.

The City has the following recurring fair value measurements as of June 30, 2023:

Note 3: Loans Receivable
Aliso Senior Apartments
The City executed a promissory note with a developer to assist in the development of 200 affordable rental units. The entire unpaid principal amount and accrued interest is due 55 years from the date of completion. Prepayment of the note will have no effect on the application of the agreement. As of June 30, 2023, the total outstanding principal balance was $6,670,000. An allowance of $6,670,000 has been recorded to reflect the amount of the note as not expected to be collected.

Total Level 1 Level 2 Level 3
Negotiable Certificates of Deposit $ 4,823,891 - 4,823,891 - Federal Agency Securities 9,917,212 - 9,917,212 -
U.S. Treasury Securities 12,509,496 - 12,509,496 -
Medium-Term Corporate Notes 1,934,249 - 1,934,249 -
Held By Fiscal Agent:

U.S. Treasury Securities 1,317,223 - 1,317,223 -
Federal Agency Securities 1,489,983 - 1,489,983 -
Total investments by fair value level 31,992,054 - 31,992,054 - Investments not subject to fair value:

State Investment Pool 7,066,695
U.S. Treasury Money Market 1,777,269
Total $ 40,836,018
Fair Value Measurement Using
41 101

CITY OF ALISO VIEJO

NOTES TO THE BASIC FINANCIAL STATEMENTS
For The Year Ended June 30, 2023
Note 4: Lease Receivable
City Hall Space - Suite 255
On July 1, 2021, the City entered into a 31-month lease as Lessor for the use of City Hall Space - Suite 255. An initial lease receivable was recorded in the amount of $186,106. As of June 30, 2023, the value of the lease receivable is $43,011. The lessee is required to make monthly fixed payments of $5,920. The lease has an interest rate of 0.7270%. The building’s estimated useful life was 30 months as of the contract commencement. The value of the deferred inflow of resources as of June 30, 2023 was $47,827, and the City recognized lease revenue of $72,041 during the fiscal year.

City Hall Space - Suite 280
On August 1, 2021, the City entered into a 23-month lease as Lessor for the use of City Hall Space - Suite 280. On June 22, 2023, the City extended the lease for an additional 24-months.

An initial lease receivable was recorded in the amount of $194,481. As of June 30, 2023, the value of the lease receivable is $194,481. The lessee is required to make monthly fixed payments of $8,296. The lease has an interest rate of 2.47%. The building’s estimated useful life was 22 months as of the contract commencement. The value of the deferred inflow of resources as of June 30, 2023 was $194,481, and the City recognized lease revenue of $93,873 during the fiscal year. At June 30, 2023, the City had total outstanding lease receivables of $194,481 and related deferred inflows of resources of $194,481.

Note 5: Interfund Receivables, Payables and Transfers
Due To/From Other Funds
Interfund receivables and payables as of June 30, 2023, consisted of the following:

Due From Other Funds
Aliso Viejo
Center
Other
Governmental
Funds Total
General Fund $ 921,813 198,520 1,120,333
Due To Other Funds
42 102

CITY OF ALISO VIEJO

NOTES TO THE BASIC FINANCIAL STATEMENTS
For The Year Ended June 30, 2023
Note 5: Interfund Receivables, Payables and Transfers (Continued) The amount due from the General Fund to other governmental funds was to cover negative cash and are expected to be repaid within one year. The amount due from the General Fund to the Aliso Viejo Center was to cover the operational profits for the fiscal year.

Transfers In and Out
Interfund transfers for the year ended June 30, 2023, consisted of the following:

Transfers into the General Fund included funds from ARPA, net income from the Aliso Viejo Center, and reimbursement for staff hours from CDBG and Senior Mobility grant programs.

Transfers out of the General Fund to Other Governmental Funds include capital improvement funding at City Hall, AV Ranch and the Aquatic Center, storm drain maintenance, debt service for the 2019 COPS, and funds to the Aquatic Center to cover the center’s operational gap.

Additionally, transfers out includes funding for prior year COVID related expenditures that were not reimbursed by federal grants. Other Governmental Funds transfers in and out include funding for street related projects. Funding sources include gas tax, SB1, TCRF, and Measure M for CIP projects which included the annual slurry seal, and street rehabilitation projects along Aliso Viejo rehabilitation project and Prop 68 funding for audio and video equipment at the Aliso Viejo Ranch.

Transfers In General Fund
Aliso Viejo
Center
Other
Governmental
Funds Total
General Fund $ - 921,813 2,881,283 3,803,096
Other Governmental Funds 1,321,573 - 2,937,941 4,259,514 Total $ 1,321,573 921,813 5,819,224 8,062,610
Transfers Out
43 103

CITY OF ALISO VIEJO

NOTES TO THE BASIC FINANCIAL STATEMENTS
For The Year Ended June 30, 2023
Note 6: Capital Assets
Capital asset activity for the year ended June 30, 2023, was as follows:
*Other infrastructure consisted of sidewalks, curbs and gutters, medians, traffic signals, street signs, storm drains, and park equipment.

Depreciation expense by function for the fiscal year ending June 30, 2023 is as follows:

Balance Balance
July 1, 2022 Additions Deletions June 30, 2023
Capital assets, not being depreciated:

Land $ 14,315,978 - - 14,315,978
Infrastructure - streets 53,871,430 - - 53,871,430
Construction in progress 217,205 268,379 (485,584) -
Total capital assets, not
being depreciated 68,404,613 268,379 (485,584) 68,187,408 Capital assets, being depreciated:

Buildings 41,164,809 237,918 - 41,402,727
Improvements 997,022 237,700 - 1,234,722
Equipment 1,161,032 48,542 (29,905) 1,179,669
Furniture 299,034 30,676 - 329,710
Infrastructure - other* 26,136,674 - - 26,136,674
Right-to-use lease assets 23,131 - - 23,131
Right-to-use subscription assets (a) 691,023 - - 691,023 Total capital assets, being depreciated 70,472,725 554,836 (29,905) 70,997,656 Accumulated depreciation/amortization:

Buildings (4,813,606) (552,656) - (5,366,262)
Improvements (330,325) (109,085) - (439,410)
Equipment (802,233) (124,398) 29,905 (896,726)
Furniture (135,293) (53,347) - (188,640)
Infrastructure - other (18,976,897) (479,335) - (19,456,232) Right-to-use lease assets (8,269) (8,506) - (16,775)
Right-to-use subscription assets - (115,966) - (115,966) Total accumulated depreciation/amortization (25,066,623) (1,443,293) 29,905 (26,480,011) Total capital assets, being depreciated, net 45,406,102 (888,457) - 44,517,645 Capital assets, net $113,810,715 (620,078) (485,584) 112,705,053 (a) Balance at July 1, 2022 has been restated to implement GASB No. 96.

General government $ 782,053
Community development 61,087
Public safety 9,014
Public works 591,139
Total $ 1,443,293
44 104

CITY OF ALISO VIEJO

NOTES TO THE BASIC FINANCIAL STATEMENTS
For The Year Ended June 30, 2023
Note 7: Non-current Liabilities
Compensated Absences
The City’s policies relating to employee leave benefits are described in Note 1. This liability will be paid in future years from future resources primarily from the General Fund.

Changes in compensated absences for the fiscal year ended June 30, 2023, were as follows:

Changes in non-current liabilities for the fiscal year ended June 30, 2023, were as follows:

Bonds Payable – Direct Placement
On July 31, 2019, the City issued the 2019 Certificates of Participation (COP) in the amount of $12,250,000 in order to finance a portion of the construction of improvements to the Aliso Viejo Ranch and pay delivery costs incurred in connection with the execution, delivery and sale of the Certificates. The 2019 COP mature annually on November 1 through 2039 and bear interest ranging from 2.0% to 4.0%. In the event of default, the City waives all rights to any rentals received by the trustee through re-letting of the lease agreement. The City agrees to pay any and all costs, loss, or damage, howsoever occurring, as a result of any reentry or re-letting. The annual debt service requirements for the 2019 COPs outstanding at June 30, 2023 are as follows:

Balance Balance
Amount Due
Within
July 1, 2022 Additions Deletions June 30, 2023 One Year Compensated absences $ 244,983 344,859 (369,107) 220,735 105,207 Year Ending June 30, Principal Interest Total
2024 $ 250,000 405,750 655,750
2025 260,000 395,750 655,750
2026 270,000 385,350 655,350
2027 280,000 374,550 654,550
2028 295,000 363,350 658,350
2029 - 2033 1,655,000 1,630,350 3,285,350
2034 - 2038 2,010,000 1,272,550 3,282,550
2039 - 2043 2,435,000 851,800 3,286,800
2044 - 2048 2,835,000 448,350 3,283,350
2049 - 2050 1,255,000 56,700 1,311,700
Total $ 11,545,000 6,184,500 17,729,500
Balance Balance
Amount Due
Within
July 1, 2022 Additions Deletions June 30, 2023 One Year Bonds payable $ 11,785,000 - (240,000) 11,545,000 250,000 Unamortized premium 903,526 - (32,269) 871,257 -
Lease liability 14,506 - (8,683) 5,823 5,823
Subscription liability* 483,354 - (83,803) 399,551 101,123 Total $ 13,186,386 - (364,755) 12,821,631 356,946
* Balance at July 1, 2022 has been restated to implement GASB No. 96. 45 105

CITY OF ALISO VIEJO

NOTES TO THE BASIC FINANCIAL STATEMENTS
For The Year Ended June 30, 2023
Note 7: Non-current Liabilities (Continued)
Lease Liability
On July 1, 2021, the City entered into a 32-month lease as Lessee for the use of Ricoh - Copiers. An initial lease liability was recorded in the amount of $23,131. As of June 30, 2023, the value of the lease liability is $5,823. The City is required to make monthly fixed payments of $730. The lease has an interest rate of 0.7270%. The Equipment estimated useful life was 32 months as of the contract commencement. The value of the right to use asset as of June 30, 2023 is $23,131 with accumulated amortization of $16,775.

Estimated future debt service requirements are as follows:

Subscription-Based Information Technology Arrangements
The City entered into 4 subscription-based IT arrangements for various software applications and is required to make annual principal and interest payments ranging from $5,143 to $64,652 over the arrangement terms. As of June 30, 2023, the value of the lease liability is $399,551. The value of the right to use asset as of June 30, 2023 is $691,023 with accumulated amortization of $115,966.

Estimated future debt service requirements are as follows:

Note 8: Debt Without Government Commitment Community Facilities District No. 2005-01
In November 2007, the City issued $34,070,000 in Special Tax Bonds for Community Facilities District No. 2005-01 (Glenwood at Aliso Viejo). The bonds were issued to finance the acquisition and improvement of various public facilities within Community Facilities District 2005-01 (Glenwood at Aliso Viejo). The City later refinanced the 2007 Special Tax Bonds with the issuance of the 2014 Special Tax Bonds.

On September 1, 2014, the City issued $32,270,000 in Special Tax Bonds for Community Facilities District No. 2005-01 (Glenwood at Aliso Viejo). Interest payments commenced on September 1, 2014, and are paid semiannually thereafter on September 1 and March 1 of each year. Principal payments commence on September 1, 2014, and are paid annually in amounts ranging from $295,000 to $2,850,000 until September 1, 2038. The bonds were issued to refinance the outstanding 2007 Special Tax Bonds and cause the early redemption thereof on March 1, 2014. The principal balance outstanding at June 30, 2023 is $27,460,000.

Year Ending June 30, Principal Interest Total
2024 $ 101,123 8,631 109,754
2025 76,698 6,519 83,217
2026 78,374 4,843 83,217
2027 80,086 3,131 83,217
2028 63,270 1,382 64,652
Total $ 399,551 24,506 424,057
Year Ending June 30, Principal Interest Total
2024 $ 5,823 16 5,839
46 106

CITY OF ALISO VIEJO

NOTES TO THE BASIC FINANCIAL STATEMENTS
For The Year Ended June 30, 2023
Note 9: Pension Plan
A. General Information about the Pension Plan
Plan Description
All qualified permanent and probationary employees are eligible to participate in the Public Agency Cost-Sharing Multiple-Employer Defined Benefit Pension Plan (Plan or PERF C) administered by the California Public Employees’ Retirement System (CalPERS.) The Plan consists of a miscellaneous pool and a safety pool (also referred to as “risk pools”), which are comprised of individual employer miscellaneous and safety rate plans, respectively. Plan assets may be used to pay benefits for any employer rate plan of the safety and miscellaneous pools. Accordingly, rate plans within the safety or miscellaneous pools are not separate plans under generally accepted accounting principles. Individual employers may sponsor more than one rate plan in the miscellaneous or safety risk pools. The City participates in two rate plans (both miscellaneous). Benefit provisions under the Plan are established by State statute and City resolution. CalPERS issues publicly available reports that include a full description of the pension plan regarding benefit provisions, assumptions and membership information that can be found on the CalPERS’ website, at www.calpers.ca.gov.

Benefits Provided
CalPERS provides service retirement and disability benefits, annual cost of living adjustments, and death benefits to plan members, who must be public employees and beneficiaries.

Benefits are based on years of credited service, equal to one year of full time employment.

Members with five years of total service are eligible to retire at age 50 with statutorily reduced benefits. All members are eligible for non-duty disability benefits after 5 years of service. The death benefit is one of the following: the Basic Death Benefit, the 1957 Survivor Benefit, or the Optional Settlement 2W Death Benefit. The cost of living adjustments for each plan are applied as specified by the Public Employees’ Retirement Law.

The Plan operates under the provisions of the California Public Employees’ Retirement Law (PERL), the California Public Employees’ Pension Reform Act of 2013 (PEPRA), and the regulations, procedures and policies adopted by the CalPERS Board of Administration. The Plan’s authority to establish and amend the benefit terms are set by the PERL and PEPRA, and may be amended by the California state legislature and in some cases require approval by the CalPERS Board.

The Plan’s provisions and benefits in effect at June 30, 2023 are summarized as follows:

PEPRA
Miscellaneous Miscellaneous
And prior to On or after
Hire Date January 1, 2013* January 1, 2013
Benefit formula 2% @ 55 2% @ 62
Benefit vesting schedule 5 years of service 5 years of service Benefit payments monthly for life monthly for life
Retirement age 50 - 63 52 - 67
Monthly benefits, as a % eligible compensation 1.426% to 2.418% 1.0% - 2.5% Required employer contribution rates 10.32% 7.47%
47 107

CITY OF ALISO VIEJO

NOTES TO THE BASIC FINANCIAL STATEMENTS
For The Year Ended June 30, 2023
Note 9: Pension Plan (Continued)
A. General Information about the Pension Plan (Continued) Contributions
Section 20814(c) of the California Public Employees’ Retirement Law (PERL) requires that the employer contribution rates for all public employers be determined on an annual basis by the actuary and shall be effective on the July 1 following notice of a change in the rate. The total plan contributions are determined through CalPERS’s annual actuarial valuation process. For public agency cost-sharing plans covered by either the Miscellaneous or Safety risk pools, the Plan’s actuarially determined rate is based on the estimated amount necessary to pay the Plan’s allocated share of the risk pool’s costs of benefits earned by employees during the year, and any unfunded accrued liability. The employer is required to contribute the difference between the actuarially determined rate and the contribution rate of employees. Employer contribution rates may change if plan contracts are amended. Payments made by the employer to satisfy contribution requirements that are identified by the pension plan terms as plan member contribution requirements are classified as plan member contributions.

Employer Contributions to the Plan for the fiscal year ended June 30, 2023 were $370,493.

The actual employer payments of $319,112 made to CalPERS by the City during the measurement period ended June 30, 2022, differed from the City’s proportionate share of the employer’s contributions of $413,293 by $94,694, which is being amortized over the expected average remaining service lifetime in the Public Agency Cost-Sharing Multiple Employer Plan.

B. Net Pension Liability
The City’s net pension liability for the Plan is measured as the total pension liability, less the pension plan’s fiduciary net position. The net pension liability of the Plan is measured as of June 30, 2022, using an annual actuarial valuation as of June 30, 2021 rolled forward to June 30, 2022 using standard update procedures. A summary of principal assumptions and methods used to determine the net pension liability is as follows. 48 108

CITY OF ALISO VIEJO

NOTES TO THE BASIC FINANCIAL STATEMENTS
For The Year Ended June 30, 2023
Note 9: Pension Plan (Continued)
Valuation Date June 30, 2021
Measurement Date June 30, 2022
Actuarial Cost Method Entry Age Normal
Asset Valuation Method Fair Value of Assets
Actuarial Assumptions:

Discount Rate 6.90%
Inflation 2.30%
Salary Increases Varies by entry age and service
Mortality Rate Table (1) Derived using CalPERS membership data for all funds
Post Retirement Benefit Increase The lesser of contract COLA or 2.30% until Purchasing Power Protection Allowance floor on
purchasing power applies, 2.30% thereafter.
(1) The mortality table used was developed based on CalPERS’ specific data. The probabilities of mortality are based on the 2021 CalPERS Experience Study for the period from 2001 to 2019. Pre-retirement and Post-retirement mortality rates include generational mortality using 80% of Scale MP-2020 published by the Society of Actuaries. For more details on this table, please refer to the CalPERS Experience Study and Review of Actuarial Assumptions report from November 2021 that can be found on the CalPERS website.

Actuarial Methods and Assumptions Used to Determine Total Pension Liability All other actuarial assumptions used in the June 30, 2021 valuation were based on the results of an actuarial experience study for the period from 2001 to 2019, including updates to salary increase, mortality and retirement rates. The Experience Study report can be obtained at CalPERS’s website at www.calpers.ca.gov.

Long-term Expected Rate of Return
The long-term expected rate of return on pension plan investments was determined using a building-block method in which expected future real rates of return (expected returns, net of pension plan investment expense and inflation) are developed for each major asset class.

In determining the long-term expected rate of return, CalPERS took into account both shortterm and long-term market return expectations. Using historical returns of all the funds’ asset classes, expected compound (geometric) returns were calculated over the next 20 years using a building-block approach. The expected rate of return was then adjusted to account for assumed administrative expenses of 10 Basis points. The expected rates of return by asset class are as follows:
49 109

CITY OF ALISO VIEJO

NOTES TO THE BASIC FINANCIAL STATEMENTS
For The Year Ended June 30, 2023
Note 9: Pension Plan (Continued)
The expected real rates of return by asset class are as follows:

Discount Rate
The discount rate used to measure the total pension liability was 6.90%. The projection of cash flows used to determine the discount rate assumed that contributions from plan members will be made at the current member contribution rates and that contributions from employers will be made at statutorily required rates, actuarially determined. Based on those assumptions, the Plan’s fiduciary net position was projected to be available to make all projected future benefit payments of current plan members. Therefore, the long-term expected rate of return on plan investments was applied to all periods of projected benefit payments to determine the total pension liability.

Subsequent Events
On July 12, 2021, CalPERS reported a preliminary 21.3% net return on investments for fiscal year 2020-21. Based on the thresholds specified in CalPERS Funding Risk Mitigation policy, the excess return of 14.3% prescribes a reduction in investment volatility that corresponds to a reduction in the discount rate used for funding purposes of 020%, from 7.00% to 6.80%.

Since CalPERS was in the final stages of the four-year Asset Liability Management (ALM) cycle, the board elected to defer any changes to the asset allocation until the ALM process concluded, and the board could make its final decision on the asset allocation in November 2021.

On November 17, 2021, the board adopted a new strategic asset allocation. The new asset allocation along with the new capital market assumptions, economic assumptions and administrative expense assumption support a discount rate of 6.90% (net of investment expense but without a reduction for administrative expense) for financial reporting purposes.

This includes a reduction in the price inflation assumption from 2.50% to 2.30% as recommended in the November 2021 CalPERS Experience Study and Review of Actuarial Assumptions. This study also recommended modifications to retirement rates, termination rates, mortality rates and rates of salary increases that were adopted by the board. These new assumptions will be reflected in the GASB 68 accounting valuation reports for the June 30, 2022, measurement date.

Asset Class1
Assumed
Asset
Allocation
Real Return
Years 1 - 101,2
Global Equity - Cap-weighted 30% 4.54%
Global Equity - Non-Cap-weighted 12% 3.84%
Private Equity 13% 7.28%
Treasury 5% 0.27%
Mortgage-backed Securities 5% 0.50%
Investmnet Grade Corporates 10% 1.56%
High Yield 5% 2.27%
Emerging Market Debt 5% 2.48%
Private Debt 5% 3.57%
Real Assets 15% 3.21%
Leverage -5% -0.59%
1 An expected inflation of 2.30% used for this period.
2 Figures are based on the 2021 Asset Liability Management study. 50 110

CITY OF ALISO VIEJO

NOTES TO THE BASIC FINANCIAL STATEMENTS
For The Year Ended June 30, 2023
Note 9: Pension Plan (Continued)
Pension Plan Fiduciary Net Position
Information about the pension plan’s assets, deferred outflows of resources, liabilities, deferred inflows of resources, and fiduciary net position are presented in CalPERS’s audited financial statements, which are publicly available reports that can be obtained at CalPERS’s website at www.calpers.ca.gov. The plan’s fiduciary net position and additions to/deductions from the plan’s fiduciary net position have been determined on the same basis used by the pension plan, which is the economic resources measurement focus and the accrual basis of accounting. Benefits and refunds are recognized when due and payable in accordance with the terms of the plan. Investments are reported at fair value.

C. Proportionate Share of Net Pension Liability
The following table shows the Plan’s proportionate share of the net pension liability over the measurement period.

The City’s proportion of the net pension liability was determined by CalPERS using the output from the Actuarial Valuation System and the fiduciary net position, as provided in the CalPERS Public Agency Cost-Sharing Allocation Methodology Report, which is a publicly available report that can be obtained at CalPERS’ website, at www.calpers.ca.gov. The City’s proportionate share of the net pension liability for the miscellaneous Plan as of the June 30, 2021 and 2022 measurement dates was as follows:

Sensitivity of the Proportionate Share of the Net Pension Liability to Changes in the Discount Rate
The following presents the City’s proportionate share of the net pension liability of the Plan as of the measurement date, calculated using the discount rate of 6.90 percent, as well as what the net pension liability would be if it were calculated using a discount rate that is 1 percentage-point lower (5.90 percent) or 1 percentage-point higher (7.90 percent) than the current rate:

Plan Total
Pension
Liability
Plan Fiduciary
Net Position
Plan Net
Pension
Liability
Balance at 6/30/2021 (Valuation Date) $ 8,329,229 8,281,359 47,870 Balance at 6/30/2022 (Measurement Date) 9,395,055 7,967,746 1,427,310 Net changes during 2021 - 2022 $ 1,065,826 (313,613) 1,379,440 Proportionate Share - June 30, 2021 0.00252%
Proportionate Share - June 30, 2022 0.03050%
Change - Increase (Decrease) 0.02798%
Discount Rate - 1%
(5.90%)
Current Discount
Rate
(6.90%)
Discount Rate + 1%
(7.90%)
Plan's Net Pension Liability / (Asset) $ 2,708,025 1,427,310 373,599 51 111

CITY OF ALISO VIEJO

NOTES TO THE BASIC FINANCIAL STATEMENTS
For The Year Ended June 30, 2023
Note 9: Pension Plan (Continued)
Amortization of Deferred Outflows and Deferred Inflows of Resources Under GASB 68, gains and losses related to changes in total pension liability and fiduciary net position are recognized in pension expense systematically over time.

The first amortized amounts are recognized in pension expense for the year the gain or loss occurs. The remaining amounts are categorized as deferred outflows and deferred inflows of resources related to pensions and are to be recognized in future pension expense.

The amortization period differs depending on the source of the gain or loss:

Difference between
projected and actual
earnings
5 year straight-line amortization
All other amounts Straight-line amortization over the expected average remaining service lives of all members that
are provided with benefits (active, inactive and
retired) as of the beginning of the measurement
period
The expected average remaining service lifetime (EARSL) is calculated by dividing the total future service years by the total number of plan participants (active, inactive, and retired) in the Public Agency Cost-Sharing Multiple-Employer Plan (PERF C).

The EARSL for PERF C for the measurement period ending June 30, 2022 is 3.7 years, which was obtained by dividing the total service years of 574,665 (the sum of remaining service lifetimes of the active employees) by 153,587 (the total number of participants: active, inactive, and retired) in PERF C. Inactive employees and retirees have remaining service lifetimes equal to 0. Total future service is based on the members’ probability of decrementing due to an event other than receiving a cash refund.

D. Pension Expense and Deferred Outflows and Deferred Inflows of Resources Related to Pensions
For the measurement period ending June 30, 2022 (the measurement date), the City incurred a pension expense of $987,919.

As of June 30, 2023, the City has deferred outflows and deferred inflows of resources related to pensions as follows:
52 112

CITY OF ALISO VIEJO

NOTES TO THE BASIC FINANCIAL STATEMENTS
For The Year Ended June 30, 2023
Note 9: Pension Plan (Continued)
As of June 30, 2023, the City has deferred outflows and deferred inflows of resources related to pensions as follows:

Contributions subsequent to the measurement date of $370,493 reported with deferred outflows of resources will be recognized as a reduction of the net pension liability in the upcoming fiscal year. Other amounts reported as deferred outflows and deferred inflows of resources related to pensions will be recognized in future pension expense as follows:

Note 10: Other Post-Employment Benefits (OPEB)
Plan Description
The City has established a Retiree Healthcare Plan (HC Plan), and participates in a singleemployer defined benefit retiree healthcare plan. Medical coverage is currently provided through CalPERS as permitted under the Public Employees’ Medical and Hospital Care Act (PEMHCA). This coverage requires the employee to satisfy the requirements for retirement under CalPERS: either (a) attainment of age 50 (age 52, if a miscellaneous employee new to PERS on or after January 1, 2013) with 5 years of State or public agency service or (b) an approved disability retirement.

The employee must begin his or her retirement benefit within 120 days of terminating employment with the City to be eligible to continue medical coverage through the agency and be entitled to the benefits described below. If an eligible employee is not already enrolled in the medical plan, he or she may enroll within 60 days of retirement, during any future open Fiscal Year Ending
June 30:

Deferred
Outflows/(Inflows)
of Resources
2024 $ 290,725
2025 243,833
2026 133,174
2027 159,910
2028 -
Thereafter -
Deferred Outflows
of Resources
Deferred Inflows of
Resources
Changes of assumptions $ 146,258 -
Differences between expected and
actual experience
Differences between projected and
actual investments earnings
Differences between employer's contributions
and proprotionate share
Change in employer's proportion 485,339 -
Pension contributions made subsequent to
measurement date 370,493 -
Total $ 1,292,198 94,063
28,663 19,197
261,445 -
- 74,866
53 113

CITY OF ALISO VIEJO

NOTES TO THE BASIC FINANCIAL STATEMENTS
For The Year Ended June 30, 2023
Note 10: Other Post-Employment Benefits (OPEB) (Continued) enrollment period or with a qualifying life event. In other words, it is the timing of initiating retirement benefits and not timing of enrollment in the medical program which determines whether or not a City retiree qualifies for lifetime medical coverage and any benefits defined in the PEMHCA resolution. Once eligible, coverage may be continued at the retiree’s option for his or her lifetime. A surviving spouse and other eligible dependents may also continue coverage.

PEMHCA Benefits provided: As a PEMHCA employer, the City is obligated to contribute toward the cost of retiree medical coverage for the retiree’s lifetime or until coverage is discontinued.

The City maintains a resolution with CalPERS defining the level of the City’s contribution toward the cost of medical plan premiums for employees and retirees to be the PEMHCA minimum employer contribution (MEC). The MEC is $149 per month in 2022 and $151 per month in 2023. A separate financial report is not prepared for the HC Plan.

Employees Covered
As of the June 30, 2021 actuarial valuation, the following current and former employees were covered by the benefit terms under the HC Plan:

Contributions
City contributions to the Plan occur as benefits are paid to or on behalf of retirees. Benefit payments may occur in the form of direct payments for premiums and taxes (“explicit subsidies”) and/or indirect payments to retirees in the form of higher premiums for active employees (“implicit subsidies”). The City makes contributions to eligible retirees for their medical plan premiums when the retiree enrolls in a City sponsored health plan. The current monthly amount paid by the City is $151 per month per retiree. For the fiscal year ended June 30, 2023, the City’s cash contributions were $7,200 in payments for premiums and $1,219 in implicit contributions.

Total OPEB Liability
The City’s total OPEB liability was measured as of June 30, 2022 and the total OPEB liability used to calculate the net OPEB liability was determined by an actuarial valuation dated June 30, 2021, based on the following actuarial methods and assumptions:

Active employees 29
Inactive employees or beneficiaries currently receiving benefits 4 Inactive employees entitled to but not yet receiving benefits 4 Total 37
Actuarial Assumptions:

Discount Rate 4.09%
Inflation 2.50%
Salary Increases 3.00%
Mortality Rate CalPERS 2017 Experience Study
Healthcare Trend Rate Getzen Model 2022_b published by the Society of Actuaries
54 114

CITY OF ALISO VIEJO

NOTES TO THE BASIC FINANCIAL STATEMENTS
For The Year Ended June 30, 2023
Note 10: Other Post-Employment Benefits (OPEB) (Continued) Discount Rate
The discount rate used to measure the total OPEB liability was 4.09% percent. The City is currently financing its OPEB liability on a pay-as-you-go basis. With the City’s approval, the discount rate used in the valuation is based on the S&P Municipal Bond 20 Year High Grade Index. As of the beginning and end of the Measurement Period, use of this index results in discount rates of 2.18% on June 30, 2021 and 4.09% on June 30, 2022.

Changes of Assumptions
The discount rate increased from 2.18% to 4.09%.

Changes in the Total OPEB Liability
The changes in the total OPEB liability for the HC Plan are as follows:

Sensitivity of the Total OPEB Liability to Changes in the Discount Rate The following presents the total OPEB liability of the City if it were calculated using a discount rate that is one percentage point lower or one percentage point higher than the current rate, for measurement period ended June 30, 2022:

Total OPEB
Liability
Balance at June 30, 2022
(Measurement Date June 30, 2021) $ 544,976
Changes recognized for the measurement period:

Service Cost 94,853
Interest 13,866
Changes of assumptions (166,915)
Benefit payments (7,505)
Net Changes (65,701)
Balance at June 30, 2023
(Measurement Date June 30, 2022) $ 479,275
Current
1% Decrease Discount Rate 1% Increase

3.09% 4.09% 5.09%
Total OPEB Liability $ 557,652 479,275 416,382
55 115

CITY OF ALISO VIEJO

NOTES TO THE BASIC FINANCIAL STATEMENTS
For The Year Ended June 30, 2023
Note 10: Other Post-Employment Benefits (OPEB) (Continued) Sensitivity of the Total OPEB Liability to Changes in the Health Care Cost Trend Rates The following presents the total OPEB liability of the Authority if it were calculated using health care cost trend rates that are one percentage point lower or one percentage point higher than the current rate, for measurement period ended June 30, 2022:

Recognition of Deferred Outflows and Deferred Inflows of Resources Gains and losses related to changes in total OPEB liability and fiduciary net position are recognized in OPEB expense systematically over time.

Amounts are first recognized in OPEB expense for the year the gain or loss occurs. The remaining amounts are categorized as deferred outflows and deferred inflows of resources related to OPEB and are to be recognized in future OPEB expense.

The recognition period differs depending on the source of the gain or loss:

OPEB Expense and Deferred Outflows/Inflows of Resources Related to OPEB For the fiscal year ended June 30, 2023, the City recognized OPEB expense of $50,050. As of fiscal year ended June 30, 2023, the City reported deferred outflows of resources related to OPEB from the following sources:

The $8,419 reported as deferred outflows of resources related to contributions subsequent to the June 30, 2022 measurement date will be recognized as a reduction of the net OPEB liability in the upcoming fiscal year. Other amounts reported as deferred outflows of resources related to OPEB will be recognized as expense as follows:

Assumption changes
and experience
gains/losses
Expected average remaining service
lifetime (EARSL) (12.25 Years)
1% Decrease
Current
Healthcare Cost
Trend Rates 1% Increase
Total OPEB Liability $ 392,143 479,275 594,623
Deferred
Outflows of
Resources
Deferred
Inflows of
Resources
OPEB contributions subsequent to
measurement date $ 8,419 -
Changes of assumptions 48,371 322,548
Differences between expected
and actual experience 5,123 204,982
Total $ 61,913 527,530
56 116

CITY OF ALISO VIEJO

NOTES TO THE BASIC FINANCIAL STATEMENTS
For The Year Ended June 30, 2023
Note 10: Other Post-Employment Benefits (OPEB) (Continued) Note 11: Risk Management
A. Description of Self-Insurance Pool Pursuant to Joint Powers Agreement The City of Aliso Viejo is a member of the California Joint Powers Insurance Authority (Authority). The Authority is composed of 124 California public entities and is organized under a joint powers agreement pursuant to California Government Code §6500 et seq.

The purpose of the Authority is to arrange and administer programs for the pooling of selfinsured losses, to purchase excess insurance or reinsurance, and to arrange for group purchased insurance for property and other lines of coverage. The Authority began covering claims of its members in 1978. Each member government has an elected official as its representative on the Board of Directors. The Board operates through a ninemember Executive Committee.

B. Primary Self-Insurance Programs of the Authority
Each member pays an annual contribution at the beginning of the coverage period. A retrospective adjustment is then conducted annually thereafter, for coverage years 2012- 13 and prior. Coverage years 2013-14 and forward are not subject to routine annual retrospective adjustment. The total funding requirement for primary self-insurance programs is based on an actuarial analysis. Costs are allocated to individual agencies based on payroll and claims history, relative to other members of the risk-sharing pool.

Primary Liability Program
Claims are pooled separately between police and general government exposures. (1) The payroll of each member is evaluated relative to the payroll of other members. A variable credibility factor is determined for each member, which establishes the weight applied to payroll and the weight applied to losses within the formula. (2) The first layer of losses includes incurred costs up to $100,000 for each occurrence and is evaluated as a percentage of the pool’s total incurred costs within the first layer. (3) The second layer of losses includes incurred costs from $100,000 to $500,000 for each occurrence and is evaluated as a percentage of the pool’s total incurred costs within the second layer. (4) Incurred costs from $500,000 to $50 million, are distributed based on the outcome of cost allocation within the first and second loss layers.

Fiscal Year
Ended June 30
Deferred
Outflows/(Inflows) of
Resources
2024 $ (58,669)
2025 (58,669)
2026 (58,669)
2027 (51,041)
2028 (53,299)
Thereafter (193,689)
57 117

CITY OF ALISO VIEJO

NOTES TO THE BASIC FINANCIAL STATEMENTS
For The Year Ended June 30, 2023
Note 11: Risk Management (Continued)
The overall coverage limit for each member, including all layers of coverage, is $50 million per occurrence. Subsidence losses have a sub-limit of $50 million per occurrence. The coverage structure is composed of a combination of pooled self-insurance, reinsurance, and excess insurance. Additional information concerning the coverage structure is available on the Authority’s website: https://cjpia.org/coverage/risk-sharing-pools/.

Primary Workers’ Compensation Program
Claims are pooled separately between public safety (police and fire) and general government exposures. (1) The payroll of each member is evaluated relative to the payroll of other members. A variable credibility factor is determined for each member, which establishes the weight applied to payroll and the weight applied to losses within the formula. (2) The first layer of losses includes incurred costs up to $75,000 for each occurrence and is evaluated as a percentage of the pool’s total incurred costs within the first layer. (3) The second layer of losses includes incurred costs from $75,000 to $200,000 for each occurrence and is evaluated as a percentage of the pool’s total incurred costs within the second layer. (4) Incurred costs from $200,000 to statutory limits are distributed based on the outcome of cost allocation within the first and second loss layers.

For 2022-23 the Authority’s pooled retention is $1 million per occurrence, with reinsurance to statutory limits under California Workers’ Compensation Law. Employer’s Liability losses are pooled among members to $1 million. Coverage from $1 million to $5 million is purchased as part of a reinsurance policy, and Employer’s Liability losses from $5 million to $10 million are pooled among members.

B. Purchased Insurance
Pollution Legal Liability Insurance
The City of Aliso Viejo participates in the pollution legal liability insurance program which is available through the Authority. The policy covers sudden and gradual pollution of scheduled property, streets, and storm drains owned by the City of Aliso Viejo. Coverage is on a claims-made basis. There is a $250,000 deductible. The Authority has an aggregate limit of $20 million.

Property Insurance
The City of Aliso Viejo participates in the all-risk property protection program of the Authority. This insurance protection is underwritten by several insurance companies. City of Aliso Viejo property is currently insured according to a schedule of covered property submitted by the City of Aliso Viejo to the Authority. There is a $10,000 deductible per occurrence except for non-emergency vehicle insurance which has a $2,500 deductible.

Crime Insurance
The City of Aliso Viejo purchases crime insurance coverage in the amount of $1,000,000 with a $2,500 deductible. The fidelity coverage is provided through the Authority. 58 118

CITY OF ALISO VIEJO

NOTES TO THE BASIC FINANCIAL STATEMENTS
For The Year Ended June 30, 2023
Note 11: Risk Management (Continued)
Special Event Tenant User Liability Insurance
The City of Aliso Viejo further protects against liability damages by requiring tenant users of certain property to purchase low-cost tenant user liability insurance for certain activities on agency property. The insurance premium is paid by the tenant user and is paid to the City of Aliso Viejo according to a schedule. The City of Aliso Viejo then pays for the insurance. The insurance is facilitated by the Authority.

C. Adequacy of Protection
During the past three fiscal years, none of the above programs of protection experienced settlements or judgments that exceeded pooled or insured coverage. There were also no significant reductions in pooled or insured liability coverage in 2022-23.

Note 12: Joint Venture
Orange County Fire Authority
In July 2001, the City entered into a joint powers agreement with the cities of Buena Park, Cypress, Dana Point, Irvine, Laguna Hills, Laguna Niguel, Lake Forest, La Palma, Los Alamitos, Mission Viejo, Placentia, San Clemente, San Juan Capistrano, Seal Beach, Stanton, Tustin, Villa Park, Westminster, and Yorba Linda and the County of Orange to create the Orange County Fire Authority (Fire Authority). Since the creation of the Fire Authority, the Cities of Laguna Woods, Rancho Santa Margarita, Garden Grove and Santa Ana joined the Fire Authority as members eligible for fire protection services. The purpose of the Fire Authority is to provide for mutual fire protection, prevention and suppression services, and related and incidental services including, but not limited to, emergency medical and transport services as well as providing facilities and personnel for such services. The effective date of formation was March 1, 1995. The Fire Authority’s governing board consists of one representative from each City and two from the County. The operations of the Fire Authority are funded with fire fees collected by the County through the property tax roll for the unincorporated area and on behalf of all member cities except for the Cities of Stanton, Tustin, San Clemente, Buena Park, Placentia, Seal Beach, Garden Grove and Santa Ana. The County pays all structural fire fees it collects to the Authority. The Cities of Stanton, Tustin, San Clemente, Buena Park, Placentia, Seal Beach, Garden Grove and Santa Ana are considered “cash contract cities” and accordingly, make cash contributions based on the Fire Authority’s annual budget. The City of Aliso Viejo does not have an equity interest in the assets of the Orange County Fire Authority. Complete financial statements may be obtained from the Orange County Fire Authority, 1 Fire Authority Rd., Irvine, California, 92602.

Note 13: Contingent Liabilities
Various claims and suits have been filed against the City in the normal course of business.

Although the outcome of these matters is not presently determinable in the opinion of legal counsel, the resolutions of these matters will not have a material adverse effect on the financial condition of the City.
59 119

CITY OF ALISO VIEJO

NOTES TO THE BASIC FINANCIAL STATEMENTS
For The Year Ended June 30, 2023
Note 14: Tax Abatements
The City entered into sales tax abatement agreements with local businesses under the Economic Development Subsidy under Government Code Section 53083. For the fiscal year ended June 30, 2023, the City abated sales taxes totaling $655,672.

Note 15: Reconciliation of Net Position
The net investment in capital assets as presented in the Statement of Net Position is calculated as follows:

Note 16: Stewardship, Compliance and Accountability
The following governmental funds reported a deficit fund balance at June 30, 2023:

Note 17: Commitments and Contingencies
Renewable Farms
In June 2020, the City entered into an agreement with Renewable Farms, a non-profit corporation to operate an agricultural operation. The agreement for 10 years with two options to extend for an additional five-year term, for a total of 20 years. The City should collect all revenues with the operations of the Farm and pay 90% of gross revenues collected from the preceding month. The City shall provide up to $35,000 during the term of the agreement and annually pay up to $9,000 toward the Farm’s utilities.

Government Funds:

Non-major Governmental Funds:

Other Grants $ (178,246)
Federal Grants (33,600)
Capital assets, net $ 112,705,053
Less bonds payable (11,545,000)
Less premium on bonds payable (871,257)
Less lease liability (5,823)
Less subscription liability (399,551)
Net investment in capital assets $ 99,883,422
60 120

CITY OF ALISO VIEJO

NOTES TO THE BASIC FINANCIAL STATEMENTS
For The Year Ended June 30, 2023
Note 18: Prior Period Adjustments
During the fiscal year, the City adopted new accounting guidance by implementing the provisions of Governmental Accounting Standards Board (GASB) Statement No. 96, Subscription-Based Information Technology Arrangements. The following schedule summarizes the net effects on beginning fund balance and net position as follows:

Note 19: Subsequent Event
On December 5, 2023, the City issued $23,430,000 in Special Tax Bonds for Community Facilities District No. 2005-01 (Glenwood at Aliso Viejo). Interest payments will commence on September 1, 2024 and are paid semiannually thereafter on September 1 and March 1 of each year. Principal payments commence on September 1, 2024, and are paid annually in amounts ranging from $880,000 to $2,440,000 until September 2038. The bonds were issued to refinance $26,605,000 in principal on the outstanding 2014 Special Tax Bonds.

Description
Governmental
Activities
Beginning net position, as
previously reported $ 136,113,993
To adjust revenue due to the
implementation of GASB 96 207,669
Beginning net position, as restated $ 136,321,662
61 121

CITY OF ALISO VIEJO

BUDGETARY COMPARISON SCHEDULE

GENERAL FUND
FOR THE YEAR ENDED JUNE 30, 2023
(With Comparative Data for Prior Year )
Variance with
Final Budget
Actual Positive Prior Year
Original Final Amounts (Negative) Actual
Fund Balances - Beginning $ 30,580,168 30,580,168 30,580,168 - 27,131,163 Resources (Inflows):

Taxes 18,055,175 18,055,175 19,063,829 1,008,654 18,420,699 Licenses and permits 619,600 619,600 876,079 256,479 714,168 Intergovernmental 47,500 47,500 65,302 17,802 64,675
Charges for services 1,108,800 1,108,800 1,831,466 722,666 380,965 Use of money and property 512,316 512,316 547,727 35,411 1,150,007 Fines and forfeitures 220,000 220,000 227,896 7,896 173,133 Other 366,200 366,200 651,639 285,439 20,730
Lease acquisition - - - - 23,131
Transfers in 3,209,387 3,209,387 3,803,096 593,709 3,348,755 Total resources 24,138,978 24,138,978 27,067,034 2,928,056 24,296,263 Amounts available
for appropriations 54,719,146 54,719,146 57,647,202 2,928,056 51,427,426 Charges to Appropriations (Outflows):

General government:

City council 204,760 204,760 183,014 21,746 184,469
City manager 773,715 774,515 742,138 32,377 686,092
Human resources 223,786 204,886 184,193 20,693 161,248
City clerk 532,765 540,340 532,489 7,851 424,599
City attorney 465,000 565,000 770,165 (205,165) 622,995 Finance 949,790 942,690 816,049 126,641 667,581
Information technology 1,033,734 1,053,734 917,192 136,542 864,958 General government 819,785 871,510 741,898 129,612 662,893 Community development:

Community services 3,185,932 3,179,632 2,800,181 379,451 2,324,010 Planning 1,299,280 1,314,280 851,536 462,744 905,654
Building 671,220 661,220 769,901 (108,681) 481,167
Code enforcement 106,000 101,000 91,800 9,200 84,369
Economic development 466,800 466,800 717,707 (250,907) 481,443 Public works 1,950,356 1,910,756 1,664,541 246,215 1,841,106 Public safety 10,741,476 10,733,276 10,038,157 695,119 9,340,524 Debt service:

Principal payment - - 76,404 (76,404) 8,625
Interest and fiscal charges - - 2,073 (2,073) 137
Capital outlay 5,001 5,001 92 4,909 23,131
Transfers out 1,290,790 1,413,790 1,321,573 92,217 1,082,257 Total charges to Appropriations 24,720,190 24,943,190 23,221,103 1,722,087 20,847,258 Fund Balances - Ending $ 29,998,956 29,775,956 34,426,099 4,650,143 30,580,168 Budget Amounts
62 122

CITY OF ALISO VIEJO

BUDGETARY COMPARISON SCHEDULE

ALISO VIEJO CENTER
FOR THE YEAR ENDED JUNE 30, 2023
(With Comparative Data for Prior Year)
Variance with
Final Budget
Actual Positive Prior Year
Original Final Amounts (Negative) Actual
Fund Balances - Beginning $ - - - - -
Resources (Inflows):

Charges for services 1,999,052 1,999,052 2,953,081 954,029 2,213,056 Other 401,858 401,858 596,284 194,426 473,677
Amounts Available
for Appropriations 2,400,910 2,400,910 3,549,365 1,148,455 2,686,733 Charges to Appropriations (Outflows):

Community services 2,030,576 2,030,576 2,567,314 (536,738) 2,207,490 Transfers out 370,334 370,334 921,813 (551,479) 479,243 Total Charges to Appropriations 2,400,910 2,400,910 3,489,127 (1,088,217) 2,686,733 Fund Balances - Ending $ - - 60,238 60,238 -
Budget Amounts
63 123

CITY OF ALISO VIEJO

REQUIRED SUPPLEMENTARY INFORMATION

MISCELLANEOUS PLAN

SCHEDULE OF PROPORTIONATE SHARE OF THE NET PENSION LIABILITY AS OF JUNE 30, FOR THE LAST TEN FISCAL YEARS (1)
Measurement
Date
Employer's
Proportion of
the Collective
Net Pension
Liability1
Employer's
Proportionate
Share of the
Collective Net
Pension
Liability
Employer's
Covered
Payroll
Employer's
Proportionate
Share of the
Collective Net
Pension
Liability as a
Percentage of
the Employer's
Covered
Payroll
Pension Plan's
Fiduciary Net
Position as a
Percentage of
the Total
Pension
Liability
6/30/2014 0.009530% $ 593,141 $ 1,385,329 42.82% 83.03% 6/30/2015 0.008707% 597,632 1,512,663 39.51% 84.98%
6/30/2016 0.008898% 845,320 1,553,759 54.40% 81.19%
6/30/2017 0.010501% 1,041,374 1,863,005 55.90% 80.23%
6/30/2018 0.009633% 928,264 2,081,191 44.60% 84.47%
6/30/2019 0.008506% 871,568 2,339,338 37.26% 86.96%
6/30/2020 0.009520% 1,035,831 2,602,634 39.80% 86.14%
6/30/2021 0.000885% 47,870 2,732,043 1.75% 99.43%
6/30/2022 0.000124% 1,427,310 2,740,729 52.08% 84.81%
* Measurement date 6/30/2014 (fiscal year 2015) was the first year of implementation. Additional years will be presented as information becomes available.
1 Proportion of the net pension liability represents the plan's proportion of PERF C, which includes both the Miscellaneous and Safety Risk Pools excluding the 1959 Survivors Risk Pool. 64 124

CITY OF ALISO VIEJO

REQUIRED SUPPLEMENTARY INFORMATION

MISCELLANEOUS PLAN

SCHEDULE OF PLAN CONTRIBUTIONS
AS OF JUNE 30, FOR THE LAST TEN FISCAL YEARS*
Fiscal Year
Contractually
Determined
Contributions
Contributions in
Relation to the
Contractually
Determined
Contributions
Contribution
Deficiency
(Excess)
Employer's
Covered Payroll
Contributions
as a
Percentage of
Covered Payroll
2014-15 $ 164,464 $ (164,464) $ - $ 1,512,663 10.87%
2015-16 146,386 (146,386) - 1,553,759 9.42%
2016-17 179,320 (179,320) - 1,863,005 9.63%
2017-18 270,996 (270,996) - 2,081,191 13.02%
2018-19 239,511 (439,511) (200,000) 2,339,338 10.24%
2019-20 274,755 (274,755) - 2,602,634 10.56%
2020-21 319,112 (319,112) - 2,732,043 11.68%
2021-22 318,599 (318,599) - 2,740,729 11.62%
2022-23 370,493 (370,493) - 3,083,629 12.01%
Notes to Schedule:

Changes in Assumptions: There were no significant changes to the actuarial methods or assumptions for the 2020 actuarial valuation. For 2020, the Plan adopted a new amortization policy effective with the 2019 actuarial valuation. The new amortization policy shortens the period over which actuarial gains and losses are amortized from 30 years to 20 years with the payments computed as a level dollar amount. In addition, the new policy does not utilize a five-year ramp-up and ramp-down on UAL bases attributable to assumption changes and non-investment gains/losses. The new policy also does not utilize a five-year ramp-down on investment gains/losses. These changes apply only to new UAL bases established on or after June 30, 2019. There were no changes in assumptions in 2019. In 2018, demographic assumptions and inflation rate were changed in accordance to the CalPERS Experience Study and Review of Actuarial Assumptions December 2017. In 2017, the accounting discount rate was reduced from 7.65 percent to

7.15 percent. In 2016, there were no changes in the discount rate. In 2015, amounts reported reflect an adjustment of the discount rate from 7.5 percent (net of administrative expense) to 7.65 percent (without a reduction for pension plan administrative expense). In 2014, amounts reported were based on the 7.5 percent discount rate.

Changes in Benefit Terms: There were no changes to benefit terms that applied to all members of the Public Agency Pool.
65 125

CITY OF ALISO VIEJO

SCHEDULE OF CHANGES IN TOTAL OPEB LIABILITY AND RELATED RATIOS LAST TEN FISCAL YEARS*
Measurement Period 2017 2018 2019 2020 2021 2022
Total OPEB Liability
Service Cost $ 100,385 90,249 97,449 57,648 61,087 94,853 Interest on the Total OPEB Liability 17,635 23,007 25,402 11,677 13,141 13,866 Actual and expected experience difference - - (308,246) - - - Changes in assumptions (73,112) 26,106 (217,431) 9,295 35,505 (166,915) Difference between expected and actual experience - - - - 6,123 - Benefit payments (4,554) (11,378) (11,963) (5,572) (7,597) (7,505) Net change in Total OPEB Liability 40,354 127,984 (414,789) 73,048 108,259 (65,701) Total OPEB Liability - Beginning 610,120 650,474 778,458 363,669 436,717 544,976 Total OPEB Liability - Ending (a) $ 650,474 778,458 363,669 436,717 544,976 479,275 Plan Fiduciary Net Position
Contribution - employer $ 4,554 11,378 11,963 5,572 7,597 7,505 Benefit payments (4,554) (11,378) (11,963) (5,572) (7,597) (7,505) Net change in Plan Fiduciary Net Position - - - - - -
Plan Fiduciary Net Position - Beginning - - - - - -
Plan Fiduciary Net Position - Ending (b) $ - - - - - -
Net OPEB Liability - Ending (a) - (b) $ 650,474 778,458 363,669 436,717 544,976 479,275 Plan fiduciary net position as a percentage of the total OPEB liability 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% Covered-employee payroll $ 2,227,782 2,451,516 3,166,359 3,357,784 2,740,729 3,640,478 Net OPEB liability as a percentage of covered-employee payroll 29.20% 31.75% 11.49% 13.01% 19.88% 13.17% Notes to schedule:

The City does not have assets accumulated in a trust that meets the criteria of GASB 75 to pay related benefits.

Contributions are fixed and not based on a measure of pay, therefore covered-employee payroll is used in the schedule.

Valuation Date 6/30/2021
Actuarial cost method Entry Age Normal Level % of Pay
Discount rate 4.09%
Inflation 2.50%
Healthcare cost trend rates
Salary increases 3.00%
Retirement age 50 to 75
Mortality CalPERS 2017 Experience Study
Mortality improvement MW Scale 2022
* Measurement date 6/30/2017 (fiscal year 2018) was the first year of implementation. Additional years will be presented as information becomes available.

5.8% in 2022 (increase effective January 1, 2023) and grade down to 3.9% for years 2027 and later
66 126

CITY OF ALISO VIEJO

NOTES TO REQUIRED SUPPLEMENTARY INFORMATION
For The Year Ended June 30, 2023
Budgetary Comparison Information
Budget Policies
Annual budgets are legal adopted or amended for all governmental funds on a basis consistent with generally accepted accounting principles, except for the following funds for which annual budgets were not adopted or amended:

Special Revenue Fund:

AV Ranch Foundation Fund
The City Manager shall prepare and submit the proposed annual budget to the City Council for its approval for all governmental funds. The agenda for the budget workshops and budget meetings are noticed in accordance with the Brown Act. After reviewing the same and making such revisions as it may deem advisable and public input the budget is then adopted annually by the Council at a regularly held meeting. The budget is adopted prior to the beginning of the fiscal year and serves as the foundation for the City’s financial plan.

The level of budgetary control (the level at which expenditures cannot legally exceed the appropriated amount) is established at the fund level. Transfers of appropriations between funds can be made with the City Manager/Financial Services Director approval. City Council’s approval is required for all budget amendments that result in a change to the fund balances.

Appropriations lapse at the end of the fiscal year unless they are re-appropriated through the formal budget process. Encumbrances do not constitute expenditures or liabilities of the City.

Budgeted amounts are as originally adopted, or as amended in accordance with prescribed procedures throughout the fiscal year.

Excess of expenditures over appropriations are as follows:

Expenditures that exceeded appropriations for the year ended June 30, 2023 are as follows:

Government Funds: Final Budget Expenditures Excess
Major Government Funds:

Aliso Viejo Center:

Community services $ 2,030,576 2,627,552 (596,976)
67 127

CITY OF ALISO VIEJO

NOTES TO REQUIRED SUPPLEMENTARY INFORMATION
For The Year Ended June 30, 2023
CAPITAL ASSETS – MODIFIED APPROACH FOR INFRASTRUCTURE
The City elected to use the modified approach in reporting their street pavement infrastructure network.

Under the modified approach, infrastructure assets that are part of a network or subsystem of a network are not required to be depreciated as long as two requirements are met. First, the government manages the eligible infrastructure assets using an asset management system that has the following characteristics:
 Has an up-to-date inventory of eligible infrastructure assets  Performs condition assessments of the eligible infrastructure assets and summarize the results using a measurement scale
 Estimates each year the annual amount to maintain and preserve the eligible infrastructure assets at the condition level established and disclosed by the government.

Second, the government documents that the eligible infrastructure assets are being preserved approximately at (or above) a condition level established and disclosed by the government.

If eligible infrastructure assets meet all requirements and are not depreciated, all expenditures made for those assets (except for additions and improvements) are expensed in the period incurred. Additions and improvements to eligible infrastructure assets are capitalized. Additions or improvements increase the capacity or efficiency of infrastructure assets rather than preserve the useful life of the assets.

The condition of road pavement is measured using the Abbott Pavement Management System.

All city streets have asphalt surfaces. Six distress factors are assessed for all street segments.

Pavement condition is rated on a scale of 0 to 100 points. This rating scale is called a deficiency rating. The scale is subdivided into ranges or categories. Pavement condition is commonly defined by the following five categories.

1. Very good (86 to 100 Rating) — A street rated as excellent has the characteristics of a new street. A street in this category has no surface defects that would affect ride quality or cause excess tire noise.

2. Good (75 to 85 Rating) — A street rated as good has some surface defects that can be seen when walking along the street. Some cracking and raveling will probably exist. In fact, there could be large cracks in the street or many hairline cracks. There may be some minor bumps that can be felt when driving the street at posted speeds.

3. Fair (60 to 74 Rating) — A street rated as fair has areas of surface defects that are apparent to drivers and passengers as they use the street. There will probably be significant cracking and raveling of the asphalt surface. If cracking does not exist, the street will probably have many patches and utility cuts or perhaps some rutting and deformation. There will be some ride roughness and some additional tire noise. These streets will not cause increases in vehicle driving costs due to extra wear and tear on vehicles.
68 128

CITY OF ALISO VIEJO

NOTES TO REQUIRED SUPPLEMENTARY INFORMATION
For The Year Ended June 30, 2023
CAPITAL ASSETS – MODIFIED APPROACH FOR INFRASTRUCTURE (CONTINUED)

4. Poor (41 to 59 Rating) — A street rated as poor has surface defects generally throughout its length that are readily apparent to anyone using the street. There will be areas showing structural failure with closely spaced cracking and there may be pieces of loose pavement.

A street in this category will cause additional vehicle user costs and excessive tire noise.

5. Very poor (40 and below Rating) — A street rated critical will have major areas of structural failure which may alter the speeds at which typical drivers drive on the street.

There will be missing pieces of pavement. Repair of a street in this category will require reconstruction.

Annual street maintenance costs for the previous five fiscal years were as follows:

The City of Aliso Viejo City Council (the Council) accepted the findings of the Pavement Management System performed in fiscal year 2002 (see results below) and adopted a condition rating of 75 as the minimum acceptable Pavement Condition Index (PCI). The PMS was updated using statistical methods in 2004. The approach incorporated a new field survey of approximately 10% of all streets. The survey was then statistically extended to the entire street system. A complete field survey was performed and accepted by the City Council starting fiscal year 2008 and every two years thereafter. See below for the three most recent condition assessments:

The results of the most recent complete condition assessment (performed in fiscal year 2022) reported an average condition rating of 83 which is 1 point higher than the 2020 average of

82. Funding in the amount of $2,310,000 was utilized for the maintenance/rehabilitation to achieve the minimum PCI standard as of June 30, 2022. The estimated funding required to maintain the PCI standard was calculated at $5,000,000. The condition survey will be updated during the fiscal year ended June 30, 2024, for a two-year cycle.

Year Ended
June 30, Actual Estimated
2019 $ 3,131,301 $ 3,621,540
2020 3,135,658 4,308,590
2021 3,425,241 3,779,360
2022 2,641,341 3,432,500
2023 3,877,286 4,824,716
Total $ 16,210,827 $ 19,966,706
2018 Mileage 2020 Mileage 2022 Mileage
86-100 Very good 58.1% 41.9 40.8% 30.5 41.6% 31.2
75-85 Good 25.4% 18.3 36.3% 25.5 34.8% 23.7
60-74 Fair 14.6% 10.5 20.1% 14.1 17.6% 11.5
41-59 Poor 1.9% 1.4 2.1% 1.5 6.0% 4.0
0-40 Very poor 0.0% - 0.7% 0.5 0.0% -
100.0% 72.1 100.0% 72.1 100.0% 70.4
Conditions
69 129

OTHER GOVERNMENTAL FUNDS

OTHER SPECIAL REVENUE FUNDS
Traffic Congestion Relief
The Traffic Congestion Relief Fund is used to account for revenue received from the SB1 Loan Repayment Program from the State of California.

Gas Tax
This fund is used to account for the City’s share of the motor vehicle gas tax imposed under the provisions of the Street and Highway Code of the State of California under Sections 2105, 2106, 2107, and 2107.5 which are legally restricted for the acquisition, construction, improvements, and maintenance of public streets.

Measure M
The Measure M Fund is used to account for the City’s share of the sales tax increase authorized by Orange County’s Measure “M”. These monies are legally restricted for the acquisition, construction, and improvement of public streets.

SB1 – RMRA
Senate Bill (SB) 1 created the Road Rehabilitation Maintenance Account to address deferred maintenance on the State Highway System and the local street and road system. These funds are legally restricted for basic road maintenance, rehabilitation, and critical safety projects on the local streets and roads.

Public Safety Grants
This fund is used to account for law enforcement grants received such as the California Law Enforcement Equipment Program (CLEEP) and the Supplemental Law Enforcement State Fund (SLESF).

Air Quality Improvement
This fund is used to account for the City’s share of vehicle registration fees that the State of California has allocated to address air quality concerns in Southern California. These monies are to be used in air quality maintenance programs locally and/or regionally.

Integrated Waste Management
This fund is used to account for the receipt of the California Beverage and Recycling Grant.

Other Grants Fund
This fund is used to account for state, local, and other grants received such as Prop 10, CalRecycle, and the urban Runoff Grant.
70 130
OTHER GOVERNMENTAL FUNDS (Continued)
Technology Grants
This fund is a result of negotiations between the City and a franchisee for a new franchise agreement. These funds will be used for new technology purchases, provide City information on the Cable T.V. Government Access Channel and provide programs and access to computers through technology upgrades to the Family Resource Center.

Development Impact Fund
This fund is used to account for revenue received as a result of negotiated developer agreements for affordable housing, traffic mitigation, community enhancement, and open spaces. This fund had no legally adopted budget for fiscal year ending June 30, 2023.

Federal Grants
The Federal Grants Fund is used to account for Federal Grants received by the City for various projects. Grants included are FTA Grants, T.A.R.P Funds, Federal Community Development Block Grants, and Energy Efficiency and Conservation Block Grants.

Aquatic Center
This fund is used to account for the operations of the Aliso Viejo Aquatic Center. The Aliso Viejo Aquatic Center is a City owned facility that provides residents with a resort-style swimming complex that includes a lap pool, whirlpool, tots wading pool, snack bar, and patio.

AV Ranch Foundation
This fund is used to account for donations received for the AV Ranch and payments approved by its Board of Trustees. This fund had no legally adopted budget for fiscal year ending June 30, 2022.

CAPITAL PROJECTS FUNDS
Capital Improvements
This fund is used to account for the City’s street improvement projects.

Storm Water
This fund is used to account for the City’s storm water related improvement projects.

Street Improvements
This fund is used to account for the City’s street improvement projects.

DEBT SERVICE FUNDS
Debt Service Fund
This fund is used to account for the City’s debt payments as well as any additional debt amounts deemed to be advisable and necessary for any public or municipal purposes. This fund had no legally adopted budget for fiscal year ending June 30, 2023. 71 131

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72 132

CITY OF ALISO VIEJO

COMBINING BALANCE SHEET

NONMAJOR GOVERNMENTAL FUNDS
June 30, 2023
(With Comparative Data for Prior Year)
Public Safety
Gas Tax Measure M SB1 - RMRA Grants
Assets:

Cash and investments $ 60,982 768,359 733,731 448,593 177,490 Receivables:

Accounts - - - - -
Due from other governments - 115,391 156,309 202,762 -
Prepaid costs - - - - -
Total Assets $ 60,982 883,750 890,040 651,355 177,490
Liabilities, Deferred Inflows of Resources,
and Fund Balances:

Liabilities:

Accounts payable $ - 240,478 - - 6,043
Accrued liabilities - - - - -
Due to other funds - - - - -
Due to other governments - - - - -
Unearned revenue - - - - -
Total Liabilities - 240,478 - - 6,043
Deferred Inflows of Resources:

Unavailable revenues - grants - - - - -
Fund Balances:

Restricted for:

Debt service - - - - -
Community development projects - - - - -
Capital projects 60,982 643,272 890,040 651,355 -
Public safety - - - - 171,447
Unassigned - - - - -
Total Fund Balances (Deficit) 60,982 643,272 890,040 651,355 171,447 Total Liabilities, Deferred Inflows of
Resources, and Fund Balances $ 60,982 883,750 890,040 651,355 177,490 Traffic
Congestion
Relief
Special Revenue Funds
73 133
Integrated
Air Quality Waste Other Technology Development
Improvement Management Grants Grants Impact
Assets:

Cash and investments 1,128,805 88,400 - 268,468 1,377,778 Receivables:

Accounts - - - 22,056 -
Due from other governments 16,937 - 222,331 - -
Prepaid costs - - - - -
Total Assets 1,145,742 88,400 222,331 290,524 1,377,778 Liabilities, Deferred Inflows of Resources,
and Fund Balances:

Liabilities:

Accounts payable - - 11,009 445 -
Accrued liabilities - - - - -
Due to other funds - - 167,237 - -
Due to other governments - - - - -
Unearned revenue - - - - -
Total Liabilities - - 178,246 445 -
Deferred Inflows of Resources:

Unavailable revenues - grants - - 222,331 - -
Fund Balances:

Restricted for:

Debt service - - - - -
Community development projects - 88,400 - 290,079 1,377,778 Capital projects 1,145,742 - - - -
Public safety - - - - -
Unassigned - - (178,246) - -
Total Fund Balances (Deficit) 1,145,742 88,400 (178,246) 290,079 1,377,778 Total Liabilities, Deferred Inflows of
Resources, and Fund Balances 1,145,742 88,400 222,331 290,524 1,377,778 Special Revenue Funds
74 134

CITY OF ALISO VIEJO

COMBINING BALANCE SHEET
NONMAJOR GOVERNMENTAL FUNDS (Continued)
June 30, 2023
(With Comparative Data for Prior Year)
Federal Aquatic AV Ranch Capital
Grants Center Foundation Improvements Storm Water
Assets:

Cash and investments - 55,282 100 76,226 9,617
Receivables:

Accounts - 7,107 - - -
Due from other governments 96,688 - - - 10,077
Prepaid costs - - - - -
Total Assets 96,688 62,389 100 76,226 19,694
Liabilities, Deferred Inflows of Resources,
and Fund Balances:

Liabilities:

Accounts payable 65,374 44,735 - 76,226 19,694
Accrued liabilities - 17,654 - - -
Due to other funds 31,283 - - - -
Due to other governments - - - - -
Unearned revenue - - - - -
Total Liabilities 96,657 62,389 - 76,226 19,694
Deferred Inflows of Resources:

Unavailable revenues - grants 33,631 - - - -
Fund Balances:

Restricted for:

Debt service - - - - -
Community development projects - - 100 - -
Capital projects - - - - -
Public safety - - - - -
Unassigned (33,600) - - - -
Total Fund Balances (Deficit) (33,600) - 100 - -
Total Liabilities, Deferred Inflows of
Resources, and Fund Balances 96,688 62,389 100 76,226 19,694 Special Revenue Funds Capital Projects Funds
75 135
Capital
Projects Funds
Debt Service
Funds
Street Debt Service
Improvements Fund 2023 2022
Assets:

Cash and investments 13,525 178 5,207,534 8,840,609
Receivables:

Accounts - - 29,163 35,215
Due from other governments - - 820,495 981,485
Prepaid costs - - - 2,550
Total Assets 13,525 178 6,057,192 9,859,859
Liabilities, Deferred Inflows of Resources,
and Fund Balances:

Liabilities:

Accounts payable 13,525 - 477,529 758,216
Accrued liabilities - - 17,654 57,596
Due to other funds - - 198,520 322,651
Due to other governments - - - 55,424
Unearned revenue - - - 2,839,053
Total Liabilities 13,525 - 693,703 4,032,940
Deferred Inflows of Resources:

Unavailable revenues - grants - - 255,962 389,155
Fund Balances:

Restricted for:

Debt service - 178 178 -
Community development projects - - 1,756,357 1,721,020
Capital projects - - 3,391,391 3,990,740
Public safety - - 171,447 129,019
Unassigned - - (211,846) (403,015)
Total Fund Balances (Deficit) - 178 5,107,527 5,437,764 Total Liabilities, Deferred Inflows of
Resources, and Fund Balances 13,525 178 6,057,192 9,859,859 Totals
76 136

CITY OF ALISO VIEJO

COMBINING STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN

FUND BALANCE - NONMAJOR GOVERNMENTAL FUNDS
FOR THE YEAR ENDED JUNE 30, 2023
(With Comparative Data for Prior Year)
Public Safety
Measure M SB1 - RMRA Grants
Revenues:

Intergovernmental $ - 1,317,425 953,764 1,157,118 165,271 Charges for services - - - - -
Use of money and property 1,440 6,287 36,560 (8,224) 1,083 Contributions - - - - -
Total Revenues 1,440 1,323,712 990,324 1,148,894 166,354 Expenditures:

Current:

General government - - - - -
Community development - - - - -
Public works - 1,218,243 20,524 - -
Public safety - - - - 123,926
Debt service:

Principal payment - 16,080 - - -
Interest expense - 1,857 - - -
Total Expenditures - 1,236,180 20,524 - 123,926
Excess (deficiency) of revenues
over (under) expenditures 1,440 87,532 969,800 1,148,894 42,428 Other Financing Sources (Uses):

Transfers in - - - - -
Transfers out (16,567) (177,000) (1,394,724) (1,323,099) - Total Other Financing Sources (Uses) (16,567) (177,000) (1,394,724) (1,323,099) - Net change in fund balances (15,127) (89,468) (424,924) (174,205) 42,428 Fund balances (deficit), beginning of year 76,109 732,740 1,314,964 825,560 129,019 Fund balances (deficit), end of year $ 60,982 643,272 890,040 651,355 171,447 Traffic
Congestion
Relief Gas Tax
Special Revenue Funds
77 137
Integrated
Air Quality Waste Other Technology Development
Improvement Management Grants Grants Impact
Revenues:

Intergovernmental 100,418 12,968 174,575 95,137 -
Charges for services - - - - -
Use of money and property 3,957 120 - (1,597) -
Contributions - - - - 6,250
Total Revenues 104,375 13,088 174,575 93,540 6,250
Expenditures:

Current:

General government - - 11,009 30,216 67,510
Community development - - - - -
Public works - 8,280 - 1 -
Public safety - - - - -
Debt service:

Principal payment - - - - -
Interest expense - - - - -
Total Expenditures - 8,280 11,009 30,217 67,510
Excess (deficiency) of revenues
over (under) expenditures 104,375 4,808 163,566 63,323 (61,260) Other Financing Sources (Uses):

Transfers in - - - - 28,416
Transfers out - - (27,783) - -
Total Other Financing Sources (Uses) - - (27,783) - 28,416 Net change in fund balances 104,375 4,808 135,783 63,323 (32,844) Fund balances (deficit), beginning of year 1,041,367 83,592 (314,029) 226,756 1,410,622 Fund balances (deficit), end of year 1,145,742 88,400 (178,246) 290,079 1,377,778 Special Revenue Funds
78 138

CITY OF ALISO VIEJO

COMBINING STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE - NONMAJOR GOVERNMENTAL FUNDS (Continued)
FOR THE YEAR ENDED JUNE 30, 2023
(With Comparative Data for Prior Year)
Federal Aquatic AV Ranch Capital
Grants Center Foundation Improvements Storm Water
Revenues:

Intergovernmental 3,150,180 - - - -
Charges for services - 871,793 - - -
Use of money and property 101,838 - - - -
Contributions - - 50 - -
Total Revenues 3,252,018 871,793 50 - -
Expenditures:

Current:

General government 33,422 - - - -
Community development 287,371 1,088,353 - - -
Public works - - - 439,780 17,130
Public safety - - - - -
Debt service:

Principal payment - - - - -
Interest expense - - - - -
Total Expenditures 320,793 1,088,353 - 439,780 17,130
Excess (deficiency) of revenues
over (under) expenditures 2,931,225 (216,560) 50 (439,780) (17,130) Other Financing Sources (Uses):

Transfers in 943 216,560 - 439,780 17,130
Transfers out (2,880,051) - - - -
Total Other Financing Sources (Uses) (2,879,108) 216,560 - 439,780 17,130 Net change in fund balances 52,117 - 50 - -
Fund balances (deficit), beginning of year (85,717) - 50 - - Fund balances (deficit), end of year (33,600) - 100 - - Special Revenue Funds Capital Projects Funds
79 139
Capital Projects
Funds
Debt Service
Funds
Street Debt Service
Improvements Fund 2023 2022
Revenues:

Intergovernmental - - 7,126,856 6,609,403
Charges for services - - 871,793 1,042,244
Use of money and property - 451 141,915 (282,168)
Contributions - - 6,300 50
Total Revenues - 451 8,146,864 7,369,529
Expenditures:

Current:

General government - - 142,157 188,822
Community development - - 1,375,724 1,170,133
Public works 2,897,938 - 4,601,896 3,147,162
Public safety - - 123,926 164,879
Debt service:

Principal payment - 240,000 256,080 235,000
Interest expense - 415,751 417,608 422,705
Total Expenditures 2,897,938 655,751 6,917,391 5,328,701 Excess (deficiency) of revenues
over (under) expenditures (2,897,938) (655,300) 1,229,473 2,040,828 Other Financing Sources (Uses):

Transfers in 2,897,938 658,747 4,259,514 2,887,215
Transfers out - - (5,819,224) (4,674,470)
Total Other Financing Sources (Uses) 2,897,938 658,747 (1,559,710) (1,787,255) Net change in fund balances - 3,447 (330,237) 253,573
Fund balances (deficit), beginning of year - (3,269) 5,437,764 5,184,191 Fund balances, end of year - 178 5,107,527 5,437,764
Totals
80 140

BUDGETARY COMPARISON SCHEDULE
Traffic Congestion Relief
FOR THE YEAR ENDED JUNE 30, 2023
(With Comparative Data for Prior Year)
Variance with
Final Budget
Actual Positive Prior Year
Original Final Amounts (Negative) Actual
Fund Balances - Beginning $ 76,109 76,109 76,109 - 90,909 Resources (Inflows):

Use of money and property 1,125 1,125 1,440 315 (3,031) Amount Available
for Appropriations 77,234 77,234 77,549 315 87,878
Charges to Appropriations (Outflows):

Transfers out 76,000 76,000 16,567 59,433 11,769
Total Charges to Appropriations 76,000 76,000 16,567 59,433 11,769 Fund Balances - Ending $ 1,234 1,234 60,982 59,748 76,109 Budget Amounts

CITY OF ALISO VIEJO
81 141

CITY OF ALISO VIEJO

BUDGETARY COMPARISON SCHEDULE

GAS TAX
FOR THE YEAR ENDED JUNE 30, 2023
Variance with
Final Budget
Actual Positive Prior Year
Original Final Amounts (Negative) Actual
Fund Balances - Beginning $ 732,740 732,740 732,740 - 740,649 Resources (Inflows):

Intergovernmental 1,456,500 1,456,500 1,317,425 (139,075) 1,186,433 Use of money and property 5,000 5,000 6,287 1,287 (31,431) Amounts Available
for Appropriations 2,194,240 2,194,240 2,056,452 (137,788) 1,895,651 Charges to Appropriations (Outflows):

Public works 1,205,800 1,260,800 1,218,243 42,557 1,030,996 Debt Service:

Principal payment - - 16,080 (16,080) -
Interest payment - - 1,857 (1,857) -
Transfers out 177,000 177,000 177,000 - 131,915
Total Charges to Appropriations 1,382,800 1,437,800 1,413,180 24,620 1,162,911 Fund Balances - Ending $ 811,440 756,440 643,272 (113,168) 732,740 Budget Amounts
(With Comparative Data for Prior Year)
82 142

BUDGETARY COMPARISON SCHEDULE

MEASURE M
FOR THE YEAR ENDED JUNE 30, 2023
(With Comparative Data for Prior Year)
Variance with
Final Budget
Actual Positive Prior Year
Original Final Amounts (Negative) Actual
Fund Balances - Beginning $ 1,314,964 1,314,964 1,314,964 - 851,548 Resources (Inflows):

Intergovernmental 825,506 825,506 953,764 128,258 902,573 Use of money and property 4,000 4,000 36,560 32,560 (40,196) Amount Available
for Appropriations 2,144,470 2,144,470 2,305,288 160,818 1,713,925 Charges to Appropriations (Outflows):

Public works 29,965 29,965 20,524 9,441 4,140
Transfers out 1,568,000 1,816,216 1,394,724 421,492 394,821 Total Charges to Appropriations 1,597,965 1,846,181 1,415,248 430,933 398,961 Fund Balances - Ending $ 546,505 298,289 890,040 591,751 1,314,964 Budget Amounts

CITY OF ALISO VIEJO
83 143

BUDGETARY COMPARISON SCHEDULE
SB1 - RMRA
FOR THE YEAR ENDED JUNE 30, 2023
Variance with
Final Budget
Actual Positive Prior Year
Original Final Amounts (Negative) Actual
Fund Balances - Beginning $ 825,560 825,560 825,560 - 783,340 Resources (Inflows):

Intergovernmental 1,135,470 1,135,470 1,157,118 21,648 1,014,000 Use of money and property 4,670 4,670 (8,224) (12,894) (27,626) Amount Available
for Appropriations 1,965,700 1,965,700 1,974,454 8,754 1,769,714 Charges to Appropriations (Outflows):

Transfers out 1,703,000 1,703,000 1,323,099 379,901 944,154 Total Charges to Appropriations 1,703,000 1,703,000 1,323,099 379,901 944,154 Fund Balances - Ending $ 262,700 262,700 651,355 388,655 825,560

CITY OF ALISO VIEJO
Budget Amounts
(With Comparative Data for Prior Year)
84 144

BUDGETARY COMPARISON SCHEDULE

PUBLIC SAFETY GRANTS
Variance with
Final Budget
Actual Positive Prior Year
Original Final Amounts (Negative) Actual
Fund Balances - beginning $ 129,019 129,019 129,019 - 109,947 Resources (Inflows):

Intergovernmental 175,000 175,000 165,271 (9,729) 161,285 Use of money and property 1,620 1,620 1,083 (537) (4,882) Transfers in - - - - 27,548
Amount Available
for Appropriations 305,639 305,639 295,373 (10,266) 293,898 Charges to Appropriations (Outflows):

Public safety 192,315 192,315 123,926 68,389 164,879
Total Charges to Appropriations 192,315 192,315 123,926 68,389 164,879 Fund Balances - Ending $ 113,324 113,324 171,447 58,123 129,019 Budget Amounts

CITY OF ALISO VIEJO
(With Comparative Data for Prior Year)
FOR THE YEAR ENDED JUNE 30, 2023
85 145

BUDGETARY COMPARISON SCHEDULE

AIR QUALITY IMPROVEMENT
Variance with
Final Budget
Actual Positive Prior Year
Original Final Amounts (Negative) Actual
Fund Balances - Beginning $ 1,041,367 1,041,367 1,041,367 - 1,032,073 Resources (Inflows):

Intergovernmental 65,000 65,000 100,418 35,418 47,694
Use of money and property 5,000 5,000 3,957 (1,043) (38,400) Amount Available
for Appropriations 1,111,367 1,111,367 1,145,742 34,375 1,041,367 Charges to Appropriations (Outflows):

Public safety 100,000 100,000 - 100,000 -
Total Charges to Appropriations 100,000 100,000 - 100,000 - Fund Balances - Ending $ 1,011,367 1,011,367 1,145,742 134,375 1,041,367 Budget Amounts

CITY OF ALISO VIEJO
FOR THE YEAR ENDED JUNE 30, 2023
(With Comparative Data for Prior Year)
86 146

BUDGETARY COMPARISON SCHEDULE

INTEGRATED WASTE MANAGEMENT
Variance with
Final Budget
Actual Positive Prior Year
Original Final Amounts (Negative) Actual
Fund Balances - Beginning $ 83,592 83,592 83,592 - 17,752 Resources (Inflows):

Intergovernmental 12,880 12,880 12,968 88 83,866
Use of money and property 45 45 120 75 (2,842)
Amount Available
for Appropriations 96,517 96,517 96,680 163 98,776
Charges to Appropriations (Outflows):

Public works 16,000 16,000 8,280 7,720 15,184
Total Charges to Appropriations 16,000 16,000 8,280 7,720 15,184 Fund Balances - Ending $ 80,517 80,517 88,400 7,883 83,592 Budget Amounts

CITY OF ALISO VIEJO
(With Comparative Data for Prior Year)
FOR THE YEAR ENDED JUNE 30, 2023
87 147

CITY OF ALISO VIEJO

BUDGETARY COMPARISON SCHEDULE

OTHER GRANTS
FOR THE YEAR ENDED JUNE 30, 2023
(With Comparative Data for Prior Year)
Variance with
Final Budget
Actual Positive Prior Year
Original Final Amounts (Negative) Actual
Fund Balances (Deficit) - Beginning $ (314,029) (314,029) (314,029) - (38,333) Resources (Inflows):

Intergovernmental 75,000 75,000 174,575 99,575 72,873
Use of money and property 405 405 - (405) -
Amount Available
for Appropriations (238,624) (238,624) (139,454) 99,170 34,540 Charges to Appropriations (Outflows):

General government - 63,690 11,009 52,681 -
Transfers out 1 1 27,783 (27,782) 348,569
Total Charges to Appropriations 1 63,691 38,792 24,899 348,569 Fund Balances (Deficit) - Ending $ (238,625) (302,315) (178,246) 124,069 (314,029) Budget Amounts
88 148

BUDGETARY COMPARISON SCHEDULE

TECHNOLOGY GRANTS
Variance with
Final Budget
Actual Positive Prior Year
Original Final Amounts (Negative) Actual
Fund Balances - Beginning $ 226,756 226,756 226,756 - 150,775 Resources (Inflows):

Intergovernmental 108,000 108,000 95,137 (12,863) 107,498 Use of money and property 1,000 1,000 (1,597) (2,597) (6,686) Amount Available
for Appropriations 335,756 335,756 320,296 (15,460) 251,587 Charges to Appropriations (Outflows):

General government 75,180 75,180 30,216 44,964 24,831
Public Safety - - 1 (1) -
Total Charges to Appropriations 75,180 75,180 30,217 44,963 24,831 Fund Balances - Ending $ 260,576 260,576 290,079 29,503 226,756 Budget Amounts

CITY OF ALISO VIEJO
(With Comparative Data for Prior Year)
FOR THE YEAR ENDED JUNE 30, 2023
89 149

BUDGETARY COMPARISON SCHEDULE

DEVELOPMENT IMPACT
Variance with
Final Budget
Actual Positive Prior Year
Original Final Amounts (Negative) Actual
Fund Balances - Beginning $ 1,410,622 1,410,622 1,410,622 - 1,410,622 Resources (Inflows):

Use of money and property - - 6,250 6,250 -
Transfers in - - 28,416 28,416 -
Amount Available
for Appropriations 1,410,622 1,410,622 1,445,288 34,666 1,410,622 Charges to Appropriations (Outflows):

General government - 95,076 67,510 27,566 -
Total Charges to Appropriations - 95,076 67,510 27,566 - Fund Balances - Ending $ 1,410,622 1,315,546 1,377,778 62,232 1,410,622

CITY OF ALISO VIEJO
FOR THE YEAR ENDED JUNE 30, 2023
(With Comparative Data for Prior Year)
Budget Amounts
90 150

BUDGETARY COMPARISON SCHEDULE

FEDERAL GRANTS
FOR THE YEAR ENDED JUNE 30, 2023
Variance with
Final Budget
Actual Positive Prior Year
Original Final Amounts (Negative) Actual
Fund Balances (Deficit) - Beginning $ (85,717) (85,717) (85,717) - 15,409 Resources (Inflows):

Intergovernmental 3,375,346 3,375,346 3,150,180 (225,166) 3,033,181 Use of money and property - - 101,838 101,838 (127,074) Transfer in - - 943 943 -
Amount Available
for Appropriations 3,289,629 3,289,629 3,167,244 (122,385) 2,921,516 Charges to Appropriations (Outflows):

General government - 90,060 33,422 56,638 163,991
Community development 241,324 481,307 287,371 193,936 - Transfer out 2,839,053 2,839,053 2,880,051 (40,998) 2,843,242 Total Charges to Appropriations 3,080,377 3,410,420 3,200,844 209,576 3,007,233 Fund Balances (Deficit) - Ending $ 209,252 (120,791) (33,600) 87,191 (85,717) Budget Amounts

CITY OF ALISO VIEJO
(With Comparative Data for Prior Year)
91 151

BUDGETARY COMPARISON SCHEDULE

AQUATIC CENTER
Variance with
Final Budget
Actual Positive Prior Year
Original Final Amounts (Negative) Actual
Fund Balances - Beginning $ - - - - 19,500
Resources (Inflows):

Charges for services 944,000 944,000 871,793 (72,207) 1,042,244 Transfers in 192,740 192,740 216,560 23,820 108,389
Amounts Available
for Appropriations 1,136,740 1,136,740 1,088,353 (48,387) 1,170,133 Charges to Appropriations (Outflows):

Community services 1,136,740 1,136,740 1,088,353 48,387 1,170,133 Total Charges to Appropriations 1,136,740 1,136,740 1,088,353 48,387 1,170,133 Fund Balances - Ending $ - - - - -
Budget Amounts

CITY OF ALISO VIEJO
(With Comparative Data for Prior Year)
FOR THE YEAR ENDED JUNE 30, 2023
92 152

BUDGETARY COMPARISON SCHEDULE

CAPITAL IMPROVEMENTS
Variance with
Final Budget
Actual Positive Prior Year
Original Final Amounts (Negative) Actual
Fund Balances - Beginning $ - - - - -
Resources (Inflows):

Transfers in 411,000 534,000 439,780 (94,220) 572,107
Amount Available
for Appropriations 411,000 534,000 439,780 (94,220) 572,107 Charges to Appropriations (Outflows):

Public works 411,000 534,000 439,780 94,220 572,107
Total Charges to Appropriations 411,000 534,000 439,780 94,220 572,107 Fund Balances - Ending $ - - - - -
Budget Amounts

CITY OF ALISO VIEJO
(With Comparative Data for Prior Year)
FOR THE YEAR ENDED JUNE 30, 2023
93 153

BUDGETARY COMPARISON SCHEDULE

STORM WATER
Variance with
Final Budget
Actual Positive Prior Year
Original Final Amounts (Negative) Actual
Fund Balances - Beginning $ - - - - -
Resources (Inflows):

Transfers in 30,000 30,000 17,130 (12,870) 24,692
Amount Available
for Appropriations 30,000 30,000 17,130 (12,870) 24,692 Charges to Appropriations (Outflows):

Public works 30,000 30,000 17,130 12,870 24,692
Total Charges to Appropriations 30,000 30,000 17,130 12,870 24,692 Fund Balances - Ending $ - - - - -
Budget Amounts

CITY OF ALISO VIEJO
(With Comparative Data for Prior Year)
FOR THE YEAR ENDED JUNE 30, 2023
94 154

BUDGETARY COMPARISON SCHEDULE

STREET IMPROVEMENTS
Variance with
Final Budget
Actual Positive Prior Year
Original Final Amounts (Negative) Actual
Fund Balances - Beginning $ - - - - -
Resources (Inflows):

Transfer in 3,524,000 3,772,216 2,897,938 (874,278) 1,500,043 Amount Available
for Appropriations 3,524,000 3,772,216 2,897,938 (874,278) 1,500,043 Charges to Appropriations (Outflows):

Public works 3,524,000 3,772,216 2,897,938 874,278 1,500,043 Total Charges to Appropriations 3,524,000 3,772,216 2,897,938 874,278 1,500,043 Fund Balances - Ending $ - - - - -
Budget Amounts

CITY OF ALISO VIEJO
(With Comparative Data for Prior Year)
FOR THE YEAR ENDED JUNE 30, 2023
95 155

BUDGETARY COMPARISON SCHEDULE

DEBT SERVICE
Variance with
Final Budget
Actual Positive Prior Year
Original Final Amounts (Negative) Actual
Fund Balances (Deficit) - Beginning $ (3,269) (3,269) (3,269) - - Resources (Inflows):

Use of money and property - - 451 451 -
Transfer in 657,050 657,050 658,747 1,697 654,436
Amount Available
for Appropriations 653,781 653,781 655,929 2,148 654,436 Charges to Appropriations (Outflows):

Public works 240,000 240,000 240,000 - 235,000
Capital outlay 417,050 417,050 415,751 1,299 422,705
Total Charges to Appropriations 657,050 657,050 655,751 1,299 657,705 Fund Balances (Deficit) - Ending $ (3,269) $ (3,269) $ 178 $ 3,447 (3,269)

CITY OF ALISO VIEJO
FOR THE YEAR ENDED JUNE 30, 2023
(With Comparative Data for Prior Year)
Budget Amounts
96 156
Contents
Financial Trends Table Page
Net Position by Component 1 99
Change in Net Position 2 100
Fund Balances of Governmental Funds 3 101
Changes in Fund Balances of Governmental Funds 4 102
General Government - Expenditures by Function 5 103
Revenue Capacity
General Government - Revenues by Source 6 104
General Government - Tax Revenues by Source 7 105
Principal Sales Tax Producers by Category 8 106
Property Tax Levies and Collections 9 107
Assessed and Estimated Actual Value of Taxable Property 10 108 Direct and Overlapping Property Tax Schedules 11 109
Principal Property Taxpayers 12 110
Debt Capacity
Ratios of Net General Obligation Debt to Assessed Value and Net General Obligation Debt Per Capita 13 111
Computation of Direct and Overlapping Bonded Debt 14 112 Legal Debt Margin 15 113
Demographic and Economic Information
Demographic and Economic Statistics 16 114
Principal Employers 17 115
Operating Information
Operating Indicators by Function 18 116
Full-Time and Part-Time City Employees by Function 19 117 Capital Assets Statistics by Function 20 118
Schedule of Insurance 21 119
Miscellaneous Statistical Information 22 120
These schedules contain service and infrastructure data to help the reader understand how the information in the government's financial report relates to the services the government provides and the activities it performs.

STATISTICAL SECTION
This part of the City of Aliso Viejo's comprehensive annual financial report presents detailed information as a context for understanding what the information in the financial statements, note disclosures, and required supplementary information say about the government's overall financial health.

These schedules contain trend information to help the reader understand how the government's financial performances and well-being have changed over time.

These schedules contain information to help the reader assess the government's most significant local revenue source, the property tax.

These schedules present information to help the reader assess the affordability of the government's current levels of outstanding debt and the government's ability to issue additional debt in the future.

These schedules offer demographic and economic indicators to help the reader understand the environment within which the government's financial activities take place. 97 157

THIS PAGE INTENTIONALLY LEFT BLANK
98 158
Table 1

CITY OF ALISO VIEJO

NET POSITION BY COMPONENT

LAST TEN FISCAL YEARS
2013-14 2014-15 2015-16 2016-17 2017-18
Governmental Activities
$ 95,679,944 $ 95,155,183 $ 94,579,142 $ 95,000,131 $ 94,791,785 Restricted
Community Development 731,008 482,242 279,027 (34,396) 203,708 Community Services - -
Public Works 11,451,213 12,018,986 11,840,453 8,299,848 7,637,647 Public Safety 84,886 - 12,953 39,957 83,097
Debt Service - - - - -
Unrestricted 20,080,095 21,354,275 23,233,017 26,937,175 29,312,285 Total governmental activities net position $ 128,027,146 $ 129,010,686 $ 129,944,592 $ 130,242,715 $ 132,028,522 2018-19 2019-20 2020-21 2021-22 2022-23
Governmental Activities
$ 95,555,817 $ 93,873,835 $ 101,009,829 $ 100,348,736 $ 99,883,422 Restricted
Community Development 334,190 2,891,135 1,579,149 1,721,020 1,756,357 Community Services - - 19,500 -
Public Works 8,536,428 122,819 3,498,519 3,990,740 3,258,360 Public Safety 105,213 4,121,343 125,356 129,019 171,447 Debt Service - 4,319,695 - -
Unrestricted 30,211,693 29,006,434 25,601,465 29,924,478 33,277,156 Total governmental activities net position $ 134,743,341 $ 134,335,261 $ 131,833,818 $ 136,113,993 $ 138,346,742 Source: City Finance Department
Net Investment in Capital Assets
Net Investment in Capital Assets
Fiscal Years
Fiscal Years
$100,000
$105,000
$110,000
$115,000
$120,000
$125,000
$130,000
$135,000
$140,000
Thousands
Fiscal Year
Total Net Position by Component
99 159
Table 2

CITY OF ALISO VIEJO

CHANGE IN NET POSITION

LAST TEN FISCAL YEARS
2013-14 2014-15 2015-16 2016-17 2017-18 2018-19 2019-20 2020-21 2021-22 2022-23 Revenues
Program Revenues
Charges for Services $ 1,853,679 $ 2,287,957 $ 2,654,055 $ 3,474,104 $ 4,202,366 $ 3,836,994 $ 3,070,201 $ 4,001,459 $ 5,742,780 $ 7,694,422 Operating Contributions & Grants 3,902,695 2,682,605 2,770,178 3,672,804 2,805,856 5,171,638 4,342,486 4,852,523 6,945,042 6,932,234 Capital Contributions & Grants 99,283 99,283 18,875 17,831 - - 9,600 - - - Taxes
Sales Tax 4,814,560 4,795,433 4,601,042 6,236,832 6,545,732 6,128,143 4,765,921 3,524,908 6,117,932 6,244,171 Property Tax 6,441,021 6,741,164 7,317,139 7,503,432 7,936,613 8,211,394 8,647,685 8,981,521 9,211,738 9,459,526 Franchise Fees 1,511,450 1,584,358 1,573,339 1,507,041 1,577,213 1,829,070 1,729,418 1,672,280 1,744,239 1,884,639 Transient Occupancy Tax 862,294 916,286 1,108,102 1,606,165 1,696,598 1,640,628 1,220,997 723,599 1,413,074 1,570,525 Motor Vehicle License Fees 20,991 20,470 20,256 22,627 26,483 24,936 40,659 36,704 57,547 53,145 Investment Income 72,969 273,901 328,416 324,781 402,978 790,051 1,053,024 377,709 (153,060) 656,151 Other 61,559 132,872 195,831 186,455 191,376 174,274 292,184 292,095 118,665 332,325 Total Revenues 19,640,501 19,534,329 20,587,233 24,552,072 25,385,215 27,807,128 25,172,175 24,462,798 31,197,957 34,827,138 Expenses
General Government 3,030,088 3,189,090 3,459,012 4,139,974 4,418,462 4,725,232 4,878,395 5,621,731 4,943,476 6,019,844 Community Services 2,139,277 2,221,206 2,982,463 3,433,106 3,771,964 3,878,633 3,433,830 1,754,782 5,264,667 2,817,896 Community Development 1,615,338 1,635,629 1,450,043 3,824,732 1,735,901 1,601,865 1,830,144 3,695,994 1,244,026 6,190,570 Public Works 5,246,908 3,360,251 4,038,360 4,484,898 4,444,500 5,924,079 5,631,039 6,016,332 5,473,152 7,161,695 Public Safety 7,022,580 7,427,581 7,723,449 8,371,239 8,831,639 8,962,500 9,312,287 9,480,235 9,601,888 10,224,474 Interest and Fiscal Charges 347,902 - - - - - 494,561 395,167 390,573 387,579 Total Expense 19,402,093 17,833,757 19,653,327 24,253,949 23,202,466 25,092,309 25,580,256 26,964,241 26,917,782 32,802,058 Change in Net Position $ 238,408 $ 1,700,572 $ 933,906 $ 298,123 $ 2,182,749 $ 2,714,819 $ (408,080) $ (2,501,442) $ 4,280,175 $ 2,025,080 Source: City Finance Department
Fiscal Years
(3,000)
(2,000)
(1,000)
0 1,000
2,000
3,000
4,000
5,000
2013-14 2014-15 2015-16 2016-17 2017-18 2018-19 2019-20 2020-21 2021-22 2022-23 Thousands
Fiscal Year
Changes in Net Position
100
160
Table 3

CITY OF ALISO VIEJO

FUND BALANCES OF GOVERNMENTAL FUNDS

LAST TEN FISCAL YEARS
2013-14 2014-15 2015-16 2016-17 2017-18
General Fund Balances
Nonspendable:

Prepaid $ 111,045 $ 146,132 $ 187,681 $ 231,198 $ 206,488 Assigned to:

Contingencies 4,127,631 4,229,500 4,351,653 4,681,192 4,700,000 Self Insurance/benefit obligations 570,000 738,900 724,000 1,200,000 1,200,000 Asset Replacement 9,065,735 9,440,700 9,850,000 10,044,448 10,000,000 Emergencies & Unanticipated Traffic Projects 1,500,000 1,500,000 1,500,000 1,500,000 1,500,000 800 MHZ Upgrade & Replacement 262,000 262,000 - - -
Long Term Debt - - - - -
Unassigned: 4,521,835 5,616,888 7,374,518 9,509,904 12,935,238 Total General Fund $ 20,158,246 $ 21,934,120 $ 23,987,852 $ 27,166,742 $ 30,541,726 All other govenmental funds
Nonspendable:

Prepaid $ 30,562 $ 4,272 $ 14,127 $ 25,041 $ -
Assigned to:

Emergencies & Unanticipated Traffic Projects - - - - -
Restricted For:

Community Development Projects 731,008 482,242 278,992 19,736 203,708 Community Services - - - - -
Public Safety 84,886 - - 39,957 83,097
Capital Projects 11,451,213 12,018,986 11,853,406 8,299,848 7,637,647 Debt Service - - - - -
Unassigned: (30,562) (19,027) (198,271) (79,173) -
Total All Other Governmental Funds $ 12,267,107 $ 12,486,473 $ 11,948,254 $ 8,305,409 $ 7,924,452 2018-19 2019-20 2020-21 2021-22 2022-23
General Fund Balances
Nonspendable:

Prepaid $ 222,029 $ 236,326 $ 76,150 $ 81,267 $ 55,046
Assigned to:

Contingencies 2,963,795 2,860,265 2,649,388 3,500,571 3,498,990 Self Insurance/benefit obligations 900,000 1,445,475 1,150,474 600,000 600,000 Asset Replacement 9,700,000 9,096,430 8,317,710 11,882,444 13,173,633 Emergencies & Unanticipated Traffic Projects 15,000,000 15,000,000 15,000,000 10,000,000 11,266,779 800 MHZ Upgrade & Replacement - - - -
Unassigned: 3,811,349 4,332,263 (62,559) 4,515,886 5,831,651 Total General Fund $ 32,597,173 $ 32,970,759 $ 27,131,163 $ 30,580,168 $ 34,426,099 All other govenmental funds
Nonspendable:

Prepaid $ - $ - $ - $ - $ 8,479
Assigned to:

Emergencies & Unanticipated Traffic Projects
Restricted For:

Community Development Projects 334,190 2,891,135 1,579,149 1,721,020 1,756,357 Community Services - - 19,500 -
Public Safety 105,213 122,819 125,356 129,019 171,447
Capital Projects 8,536,428 4,121,343 - 3,990,740 3,391,391 Aliso Viejo Center 51,759
Debt Service 4,319,695 3,498,519 - 178
Unassigned: - - (38,333) (403,015) (211,846)
Total All Other Governmental Funds $ 8,975,831 $ 11,454,992 $ 5,184,191 $ 5,437,764 $ 5,167,765 Source: City Finance Department
Fiscal Years
Fiscal Years
-
5,000
10,000
15,000
20,000
25,000
30,000
35,000
2013-14 2014-15 2015-16 2016-17 2017-18 2018-19 2019-20 2020-21 2021-22 2022-23 Thousands
Fiscal Year
Fund Balances Of Governmental Funds Series1 Series2
101
161
Table 4

CITY OF ALISO VIEJO

CHANGES IN FUND BALANCES OF GOVERNMENTAL FUNDS

LAST TEN FISCAL YEARS
2013-14* 2014-15 2015-16 2016-17 2017-18 2018-19 2019-20 2020-21 2021-22 2022-23 Revenues
Taxes $ 13,648,081 $ 14,064,937 $ 14,629,530 $ 16,884,140 $ 17,777,707 $ 17,704,139 $ 16,270,976 $ 14,823,926 $ 18,420,699 $ 19,063,829 Licenses and Permits 377,459 676,218 694,054 664,202 957,209 706,764 719,720 976,781 714,168 876,079 Intergovernmental 2,858,226 2,189,004 2,617,535 2,585,675 2,963,077 4,218,802 4,208,995 3,987,463 6,674,078 7,192,158 Charges for Services 1,029,007 1,190,138 1,639,479 2,519,225 2,864,619 2,639,775 2,047,978 2,198,864 3,636,265 5,656,340 Use of Money and Property 332,170 288,325 358,917 359,023 524,729 1,152,130 1,258,109 1,068,212 867,839 689,647 Fines and Forfeitures 271,644 415,671 312,400 282,322 300,988 307,513 275,229 310,419 173,133 227,896 Developer Fees 992,783 521,859 30,500 536,182 - 715,000 9,600 585,000 - - Contributions - 42,894 - - - - - 100,000 50 6,300
Other 131,131 145,283 325,612 387,838 421,734 333,252 423,194 253,836 494,407 1,247,920 Total Revenues 19,640,501 19,534,329 20,608,027 24,218,607 25,810,063 27,777,375 25,213,801 24,304,501 30,980,639 34,960,169 Expeditures
General Government 2,744,983 3,101,820 3,079,528 3,797,104 3,907,504 4,368,307 4,370,213 5,110,883 4,463,657 5,026,792 Community Development 3,663,530 3,821,432 4,485,482 7,267,554 5,479,501 5,504,012 5,177,202 5,381,558 7,654,266 9,176,591 Public Works 4,705,326 2,940,272 3,557,336 3,605,820 3,962,004 5,441,582 5,148,542 5,531,650 4,988,268 6,266,437 Public Safety 7,014,723 7,407,531 7,677,426 8,030,234 8,730,712 8,844,067 9,170,586 9,358,289 9,505,403 10,162,083 Capital Outlay 4,457 268,034 292,742 1,981,850 736,315 1,723,775 10,006,820 10,375,082 23,131 92 Debt Service
Principal 7,335,000 - - - - - - 230,000 243,625 332,486 Interest 351,590 - - - - - 494,561 427,436 422,842 419,756 Other Charges - - - - - - - - - -
Total Expenditures 25,819,608 17,539,088 19,092,514 24,682,562 22,816,036 25,881,743 34,367,924 36,414,898 27,301,192 31,384,237 (6,179,107) 1,995,241 1,515,513 (463,955) 2,994,027 1,895,632 (9,154,123) (12,110,397) 3,679,447 3,575,932 Transfers In 9,422,668 1,209,782 2,040,859 3,517,923 2,548,103 3,708,774 13,309,198 14,573,345 6,235,970 8,062,610 Transfers Out (9,422,668) (1,209,782) (2,040,859) (3,517,923) (2,548,103) (3,708,774) (13,309,198) (14,573,345) (6,235,970) (8,062,610) Bonds Issued** - - - 1,211,194 12,006,870 - 23,131 -
Total Other Financing - - - - - 1,211,194 12,006,870 - 23,131 - Sources (Uses)
Net Change in Fund Bal. $ (6,179,107) $ 1,995,241 $ 1,515,513 $ (463,955) $ 2,994,027 $ 3,106,826 $ 2,852,747 $ (12,110,397) $ 3,702,578 $ 3,575,932

29.78% 0.00% 0.00% 0.00% 0.00% 0.00% 2.03% 2.52% 2.44% 2.41% * Fiscal Year 2013-14 debt service includes payoff of the City Hall COP bond.

Source: City Finance Department
**In anticipation of the issuance of tax-exempt obligations for the Aliso Viejo Ranch project, the City Council passed a reimbursement resolution on February 20, 2019. The resolution would allow the City to reimburse itself for expenditures relating to the Aliso Viejo Ranch Project. On August 13, 2019, the City issued $12,250,000 of tax-exempt Certificates of Participation to provide financing for the construction of the Aliso Viejo Ranch.

Excess of Revenues over
Expeditures
Fiscal Years
Other Financing Sources
(Uses)
Debt Service as a % of
Noncapital Expenditures
-
5,000
10,000
15,000
20,000
25,000
30,000
35,000
40,000
2013-14* 2014-15 2015-16 2016-17 2017-18 2018-19 2019-20 2020-21 2021-22 Thousands
Fiscal Year
Changes in Fund Balance Revenues Expeditures Series3
102
162
Table 5

CITY OF ALISO VIEJO

GENERAL GOVERNMENT - EXPENDITURES BY FUNCTION

LAST TEN FISCAL YEARS
Fiscal General Community Public Public Capital Debt
Year Government Development Works Safety Outlay Service Total 2013-14 2,744,983 3,663,530 4,705,326 7,014,723 4,457 7,686,590 25,819,609 2014-15 3,101,820 3,821,432 2,940,272 7,407,531 268,034 - 17,539,088 2015-16 3,079,528 4,485,482 3,557,336 7,677,426 292,742 - 19,092,514 2016-17 3,797,104 7,267,554 3,605,820 8,030,234 1,981,850 - 24,682,562 2017-18 3,907,504 5,479,501 3,962,004 8,730,712 736,315 - 22,816,036 2018-19 4,368,307 5,504,012 5,441,582 8,844,067 1,723,775 - 25,881,743 2019-20 4,370,213 5,177,202 5,148,542 9,170,586 10,006,820 494,561 34,367,924 2020-21 5,110,883 5,381,558 5,531,650 9,358,289 10,375,082 657,436 36,414,898 2021-22 4,463,657 7,654,266 4,988,268 9,505,403 23,131 666,467 27,301,192 2022-23 5,026,792 9,176,591 6,266,437 10,162,083 92 752,242 31,384,237 * Fiscal Year 2013-14 debt service includes payoff of the City Hall COP bond. **Includes General and Special Revenue Funds.

Source: City Finance Department
*
$0
$5,000
$10,000
$15,000
$20,000
$25,000
$30,000
$35,000
$40,000
2013-14 2014-15 2015-16 2016-17 2017-18 2018-19 2019-20 2020-21 2021-22 2022-23 Thousands
Fiscal Year
Total General Government Expenditures
General Government Community Development Public Works Public Safety Capital Outlay Debt Service *
103
163
Table 6

CITY OF ALISO VIEJO

GENERAL GOVERNMENT - REVENUES BY SOURCE

LAST TEN FISCAL YEARS
Fiscal Licenses Inter- Charges for Fines & Use of Money Other Year Taxes & Permits Governmental Services Forfeitures & Property Revenue Total 2012-13 $ 13,348,264 $ 482,730 $ 2,090,978 $ 817,633 $ 327,174 $ 342,103 $ 560,940 $ 17,969,822 2013-14 13,648,082 377,459 2,858,224 1,029,005 271,644 332,172 1,123,915 19,640,501 2014-15 14,064,937 676,218 2,189,004 1,190,138 415,671 288,325 710,036 19,534,329 2015-16 14,629,530 694,054 2,617,535 1,639,479 312,400 358,917 356,112 20,608,027 2016-17 16,884,140 664,202 2,585,675 2,519,225 282,322 359,023 924,020 24,218,607 2017-18 17,777,707 957,209 2,963,077 2,864,619 300,988 524,729 421,734 25,810,063 2018-19 17,704,139 706,763 4,218,802 2,639,775 307,513 1,152,130 1,048,252 27,777,374 2019-20 16,270,976 719,720 4,208,995 2,047,978 275,229 1,258,109 432,794 25,213,801 2020-21 14,823,926 976,781 3,987,463 2,198,864 310,419 1,068,212 938,836 24,304,501 2021-22 18,420,699 714,168 6,674,078 3,636,265 173,133 867,839 494,457 30,980,639 2022-23 19,063,829 876,079 7,192,158 5,656,341 227,896 689,641 1,254,220 34,960,169 ** Includes General and Special Revenue Funds.
$0
$5,000
$10,000
$15,000
$20,000
$25,000
$30,000
$35,000
$40,000
Thousands
Fiscal Year
Total General Government Revenues
Other Revenue
Use of Money & Property
Fines & Forfeitures
Charges for Services
Inter- Governmental
Licenses & Permits
Taxes
Source: City Finance Department
104
164
Table 7

CITY OF ALISO VIEJO

GENERAL GOVERNMENT - TAX REVENUES BY SOURCE

LAST TEN FISCAL YEARS
Fiscal
Year Total
2013-14 4,814,560 6,441,021 1,511,450 862,294 18,756 13,648,081 2014-15 4,795,433 6,741,164 1,584,358 916,286 27,696 14,064,937 2015-16 4,601,042 7,317,139 1,573,339 1,108,102 29,908 14,629,530 2016-17 6,236,832 7,503,432 1,507,041 1,606,165 30,670 16,884,140 2017-18 6,545,732 7,936,613 1,577,213 1,696,598 21,551 17,777,707 2018-19 6,128,143 8,211,394 1,829,070 1,640,628 38,167 17,847,402 2019-20 4,765,921 8,647,685 1,729,418 1,220,997 38,127 16,402,148 2020-21 3,524,908 8,981,521 1,672,280 723,599 41,577 14,943,885 2021-22 6,117,932 9,211,738 1,636,741 1,413,074 41,215 18,420,699 2022-23 6,244,171 9,459,526 1,741,999 1,570,524 47,608 19,063,828 Source: City Finance Department
Sales Taxes Property Taxes Franchise Taxes
Transient
Occupancy Taxes Other Taxes
-
1,000,000
2,000,000
3,000,000
4,000,000
5,000,000
6,000,000
7,000,000
8,000,000
9,000,000
10,000,000
Tax Source
Total General Government Tax Revenues by Source
2013-14
2014-15
2015-16
2016-17
2017-18
2018-19
2019-20
2020-21
2021-22
2022-23
105
165
Table 8

CITY OF ALISO VIEJO

TAXABLE SALES TAX PRODUCERS BY CATEGORY (IN THOUSANDS)

LAST TEN CALENDAR YEARS

ADJUSTED FOR ECONOMIC DATA
2013 2014 2015 2016 2017
Food Stores $ 19,427 $ 20,207 $ 21,587 $ 22,672 $ 22,453 Eating and Drinking Places 63,636 64,117 66,766 73,322 70,005 Auto Dealers and Supplies 6,193 5,581 6,136 6,132 5,545 Services Stations 68,668 67,240 60,348 55,131 57,190
Other Retail Stores 154,642 157,732 171,341 179,247 163,600 All Other Outlets 146,720 149,466 137,276 255,630 306,885 Total $ 459,286 $ 464,343 $ 463,454 $ 592,134 $ 625,678 2018 2019 2020 2021 2022
Food Stores $ 22,417 $ 21,367 $ 23,954 $ 22,567 $ 23,046 Eating and Drinking Places 69,414 69,100 57,032 69,754 74,906 Auto Dealers and Supplies 5,421 6,521 5,329 5,281 6,917 Services Stations 65,193 64,494 42,939 71,162 76,402
Other Retail Stores 162,082 128,486 102,006 123,125 115,752 All Other Outlets 258,170 233,582 177,317 243,052 325,242 Total $ 582,697 $ 523,550 $ 408,577 $ 534,941 $ 622,265 Source: State Board of Equalization, California Department of Taxes and Fees Administration, State Controller's Office, The HdL Companies $- $100 $200 $300 $400 $500 $600 $700
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
Thousands
Fiscal Year
Sales Tax Producers by Category
Food Stores Eating and Drinking Places
Auto Dealers and Supplies Services Stations
Other Retail Stores All Other Outlets
106
166
Table 9

CITY OF ALISO VIEJO

PROPERTY TAX LEVIES AND COLLECTIONS

LAST TEN FISCAL YEARS
Amount Amount
2012-13 $ 5,902,705 $ 5,830,184 98.77% $ 37,843 $ 5,868,027 99.41% 2013-14 6,139,991 6,109,976 99.51% 26,570 6,136,546 99.94% 2014-15 6,453,445 6,412,710 99.37% 23,671 6,436,381 99.74% 2015-16 6,778,670 6,724,355 99.20% 22,577 6,746,932 99.53% 2016-17 7,167,823 7,103,256 99.10% 21,428 7,124,684 99.40% 2017-18 7,559,194 7,499,294 99.21% 25,595 7,524,890 99.55% 2018-19 7,985,095 7,948,958 99.55% 19,426 7,968,384 99.79% 2019-20 8,269,551 8,233,770 99.57% 20,806 8,254,576 99.82% 2020-21 8,585,800 8,549,014 99.57% 28,004 8,577,018 99.90% 2021-22 8,820,915 8,733,020 99.00% 28,433 8,761,453 99.33% 2022-23 9,265,181 9,187,626 99.16% 25,491 9,213,118 99.44% 1 Includes amounts received for Property Tax-In Lieu of VLF 3 Total Levy Collections may exceed 100% due to prior years delinquent taxes and delinquent tax penalties collected.

Source: Orange County Auditor/Controller.

Collected within the Fiscal Year
of Levy
Total Levy Collections
to Date 3
2 The column includes the total amount of delinquent taxes collected in each fiscal year. The Orange County Auditor-Controller tax ledger does not provide detailed information regarding the levy year to which delinquent tax collections pertain.

Taxes Levied for the
Fiscal Year1
Percent of
Levy
Collections in
Subsequent Years 2
Percent of
Levy
Fiscal
Year
$0
$1,000,000
$2,000,000
$3,000,000
$4,000,000
$5,000,000
$6,000,000
$7,000,000
$8,000,000
$9,000,000
$10,000,000
2013-14 2014-15 2015-16 2016-17 2017-18 2018-19 2019-20 2020-21 2021-22 2022-23 Fiscal Year
Property Tax Levies and Collections Taxes Levied
Total Collections
107
167
Table 10

CITY OF ALISO VIEJO

ASSESSED AND ESTIMATED ACTUAL VALUE OF TAXABLE PROPERTY

LAST TEN FISCAL YEARS
Fiscal Secured Unsecured Nonunitary Percentage Total Direct Year Gross Value Gross Value Utilities Exemptions Total Increase Rate Applied 2013-14 7,889,773,458 332,701,593 - 344,663,043 7,877,812,008 3.58% 0.02166 2014-15 8,449,701,616 320,520,081 - 329,481,251 8,440,740,446 7.15% 0.02165 2015-16 8,821,939,196 306,239,139 - 362,214,100 8,765,964,235 3.85% 0.02165 2016-17 9,298,401,724 305,313,282 - 341,610,276 9,262,104,730 5.66% 0.02165 2017-18 9,788,791,533 339,021,986 - 370,210,705 9,757,602,814 5.35% 0.02170 2018-19 10,497,372,155 280,375,081 - 457,069,555 10,320,677,681 5.77% 0.02163 2019-20 10,902,480,454 290,597,292 - 486,424,453 10,706,653,293 3.74% 0.02165 2020-21 11,227,375,357 335,321,001 - 504,713,951 11,057,982,407 3.28% 0.02168 2021-22 11,546,139,848 349,456,510 - 537,926,777 11,357,669,581 2.71% 0.02167 2022-23 12,018,958,043 382,216,615 548,219,355 11,852,955,303 4.36% 0.02168 Source: The HDL Companies
$4,000
$4,500
$5,000
$5,500
$6,000
$6,500
$7,000
$7,500
$8,000
$8,500
$9,000
$9,500
$10,000
$10,500
$11,000
$11,500
$12,000
2013-14 2014-15 2015-16 2016-17 2017-18 2018-19 2019-20 2020-21 2021-22 Millions
Fiscal Year
Net Taxable Property Value
108
168
Table 11

CITY OF ALISO VIEJO

DIRECT AND OVERLAPPING PROPERTY TAX RATES
(RATE PER $100 OF ASSESSED VALUE)

LAST TEN FISCAL YEARS
2013-14 2014-15 2015-16 2016-17 2017-18 2018-19 2019-20 2020-21 2021-22 2022-23 Basic Levy(1) 1.00000 1.00000 1.00000 1.00000 1.00000 1.00000 1.00000 1.00000 1.00000 1.00000 Capistrano Union 0.00972 0.00900 0.00845 0.00843 0.00800 0.00786 0.00745 0.00756 0.00727 0.00691 Laguna Beach Unified 0.01567 0.01461 0.01396 0.01371 0.01287 0.01285 0.01266 0.01012 0.01018 0.00971 Saddleback Valley Unified 0.03207 0.00350 0.03008 0.02688 0.02365 0.02392 0.02295 0.02336 0.02200 0.02227 Moulton Niguel Water District 0.12977 0.08600 0.09041 0.00815 - - - - - - Metropolitan Water District 0.00350 0.02806 0.00350 0.00350 0.00350 0.00350 0.00350 0.00350 0.00350 0.00350 Total Direct & Overlapping Tax Rates2

1.19073 1.14117 1.14640 1.06067 1.04802 1.04813 1.04656 1.04454 1.04295 1.04239 City's Share of 1% Levy per Prop 13(3) 0.02134 0.02134 0.02134 0.02134 0.02134 0.02134 0.02134 0.02134 0.02134 0.02134 Total Direct Rate (4) 0.02166 0.02165 0.02165 0.02165 0.02170 0.02163 0.02165 0.02165 0.02167 0.02168 ²Overlapping rates are those of local and county governments that apply to property owners within the City. Not all overlapping rates apply to all property owners.

Source: The HDL Companies, Orange County Assessor
Fiscal Years
¹In 1978, California voters passed Proposition 13 which set 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 any voter approved bonds.
³City's Share of 1% Levy is based on the City's share of the general fund tax rate area with the largest net taxable value within the City. The ERAF portion of the City's Levy has been subtracted where known.
4 Total Direct Rate is the weighted average of all individual direct rates applied by the City/Agency preparing the statistical section information and excludes revenues derived from aircraft. Beginning in 2013/14 the Total Direct Rate no longer includes revenue generated from the former redevelopment tax rate areas. Challenges to recognized enforceable obligations are assumed to have been resolved during 2012/13. For the purposes of this report, residual revenue is assumed to be distributed to the City/Agency in the same proportions as general fund revenue.
109
169
Table 12

CITY OF ALISO VIEJO

PRINCIPAL PROPERTY TAXPAYERS
JUNE 30, 2023 AND 10 YEARS AGO
Taxpayer Primary Use
St Moritz Property Owner LLC Residential $ 218,729,230 1.85% Barcelona LLC Residential 192,481,720 1.62%
Enterprise Office Owner Commercial 168,335,726 1.42%
Vantis Multifamily LLC Residential 161,000,789 1.36%
Microventon, Inc Commercial 146,696,017 1.24%
City Lights-Aliso Viejo LLC Residential 128,451,653 1.08% Summit IV LLC Commercial 93,840,000 0.79%
TGA 26600-26700 Aliso Viejo Parkway LLC Residential 92,500,000 0.78% Sequoia Equities Alize Residential 91,634,784 0.77%
PLC 3 LP Commercial 89,633,632 0.76%
Top Ten Totals $ 1,383,303,551 11.67%
Taxpayer Primary Use
Sequoia Equities Residential $ 156,781,682 2.00%
City Lights - Aliso Viejo LLC Residential 110,325,399 1.41% Moritz Associates LLC Residential 109,870,830 1.40%
Barcelona LLC Residential 94,636,482 1.21%
RREEF America Reit II Corporation Commercial 94,291,452 1.21% Qlogic Corporation Commerical 76,511,138 0.98%
OC SD Partners LLC Residential 75,795,340 0.97%
Aliso - Holly Oaks Partners LP Residential 62,900,845 0.80% Summit Office Partners Holding Co LLC Commercial 58,905,000 0.75% Aventine Apartments LLC Residential 58,831,432 0.75%
Top Ten Totals $ 898,849,600 11.48%
Source: The HDL Companies
Orange County Assessor
2013-14
Percentage of Total
Assessed Valuation Assessed Valuation
2022-23
Percentage of Total
Assessed Valuation Assessed Valuation
110
170
Table 13

CITY OF ALISO VIEJO

RATIOS OF NET DIRECT GENERAL OBLIGATION DEBT TO ASSESSED VALUE AND NET GENERAL OBLIGATION DEBT PER CAPITA

LAST TEN FISCAL YEARS
Percentage of General Net General
Fiscal Net Direct General Assessed Obligation Debt to Population Obligation Year Obligation Debt Value Assessed Value Debt per Capita 2013-14 $ - $ 7,877,812,008 0.000% 49,951 - -
2014-15 - 8,440,740,446 0.000% 50,509 - -
2015-16 - 8,765,964,235 0.000% 50,509 - -
2016-17 - 9,262,104,730 0.000% 50,312 - -
2017-18 - 9,757,602,814 0.000% 51,950 - -
2018-19 - 10,320,677,681 0.000% 51,372 - -
2019-20 12,250,000 10,706,653,293 0.114% 50,044 0.01 244.78 2020-21 12,020,000 11,057,982,407 0.109% 49,813 0.01 241.30 2021-22 11,785,000 11,357,669,581 0.104% 50,782 0.01 232.07 2022-23 12,821,631 11,852,955,303 0.108% 50,766 0.01 252.56 Ratios to Assessed Valuation:

Total Overlapping Tax and Assessment Debt 0.24%
Total Direct Debt 0.11%
Gross Combined Total Debt 0.54%
Net Combined Total Debt 0.54%
Source: California Municipal Statistics, Inc
HDL Coren & Cone
Percentage of
Personal
Income
111
171
Table 14

CITY OF ALISO VIEJO

COMPUTATION OF DIRECT AND OVERLAPPING BONDED DEBT
JUNE 30, 2022
2022-23 Assessed Valuation $ 11,852,955,303
OVERLAPPING TAX AND ASSESSMENT DEBT:

Total Debt
6/30/23 % Applicable (1)
City's Share of
Debt 6/30/23
Metropolitan Water District $ 19,215,000 0.326% $ 62,641 Capistrano USD School Facilities Improvement District No 1 10,033,567 0.756% 75,854 Laguna Beach Unified School District, 12,050,000 1.644% 198,102 Saddleback Valley Unified School District 83,545,000 0.469% 391,826 City of Aliso Viejo Community Facilities Disctrict No. 2005-01 27,460,000 100.000% 27,460,000 TOTAL OVERLAPPING TAX AND ASSESSMENT DEBT 28,188,423
OVERLAPPING GENERAL FUND DEBT:

Orange County General Fund Obligations 451,165,000 1.635% 7,376,548 Orange County Board of Education General Fund Obligations 10,860,000 1.635% 177,561 Capistrano Unified School District Certificates of Participation 21,360,000 10.307% 2,201,575 Moulton-Niguel Water District Certificates of Participation 50,905,000 26.531% 13,505,606 TOTAL NET DIRECT OVERLAPPING GENERAL FUND DEBT 23,261,290 TOTAL NET OVERLAPPING DEBT 51,449,713
DIRECT GENERAL FUND DEBT:

City of Aliso Viejo3
11,545,000 100.000% 11,545,000
Unamortized premium 871,257 100.000% 871,257
Lease Liability 5,823 100.000% 5,823
Subscription Liability 399,551 100.000% 399,551
TOTAL DIRECT DEBT 12,821,631
NET COMBINED TOTAL DEBT $ 64,271,344 (2)
(2) Excludes tax and revenue anticipation notes, enterprise revenue, mortage revenue and non-bonded capital lease obligations.

Ratios to 2022-23 Assessed Valuation:

Total Overlapping Tax and Assessment Debt 0.24%
Total Direct Debt ($12,821,631) 0.11%
Combined Total Debt 0.54%
Source: HDL, California Municipal Statistics, Inc
(1) The percentage of overlapping debt applicable to the city is estimated using taxable assessed property value. Applicable percentages were estimated by determining the portion of the overlapping district’s assessed value that is within the boundaries of the city divided by the district’s total taxable assessed value.
(3) On August 13, 2019 the City issued $12,250,000 of tax-exempt Certificates of Participation to provide financing for the construction of the Aliso Viejo Ranch.
112
172
Table 15

CITY OF ALISO VIEJO

LEGAL DEBT MARGIN

LAST TEN FISCAL YEARS
2013-14 2014-15 2015-16 2016-17 2017-18
Assessed Valuation $ 7,877,812,008 $ 8,440,740,446 $ 8,765,964,235 $ 9,262,104,730 $ 9,757,602,814 Conversion Percentage 25% 25% 25% 25% 25%
Adjusted Assessed Valuation 1,969,453,002 2,110,185,112 2,191,491,059 2,315,526,183 2,439,400,704 Debt Limit Percentage 15% 15% 15% 15% 15%
Debt Limit 295,417,950 316,527,767 328,723,659 347,328,927 365,910,106 Total Debt Applicable to Limit - - - - -
Legal Debt Margin $ 295,417,950 $ 316,527,767 $ 328,723,659 $ 347,328,927 $ 365,910,106 Total Net Debt Applicable to Limit as
Percentage of Debt Limit - - - - -
2018-19 2019-20 2020-21 2021-22 2022-23
Assessed Valuation $ 10,320,677,681 $ 10,706,653,293 $ 11,057,982,407 $ 11,357,669,581 $ 11,852,955,303 Conversion Percentage 25% 25% 25% 25% 25%
Adjusted Assessed Valuation 2,580,169,420 2,676,663,323 2,764,495,602 2,839,417,395 2,963,238,826 Debt Limit Percentage 15% 15% 15% 15% 15%
Debt Limit 387,025,413 401,499,498 414,674,340 425,912,609 444,485,824 Total Debt Applicable to Limit - 12,250,000 12,020,000 11,785,000 11,545,000 Legal Debt Margin $ 387,025,413 $ 389,249,498 $ 402,654,340 $ 414,127,609 $ 432,940,824 Total Net Debt Applicable to Limit as
Percentage of Debt Limit - 3.1% 2.9% 2.8% 2.6%
Note: The general laws of the State of California for muncipalities provide for a legal debt limit of 15% of gross assessed valuation. However, this provision was enacted when assessed valuation was established based on 25% of market value. Effective with fiscal year 1981-82, taxable property is assessed at 100% of market value. Although the debt limit provision has not been amended by the State since this change, the percentage has been proportionately modified to 3.75% for the purpose of this calculation for consistency with the original intent of the State's debt limit.

Fiscal Year
Fiscal Year
Source: City Finance Department
Orange County Auditor-Controller
113
173
Table 16

CITY OF ALISO VIEJO

DEMOGRAPHIC AND ECONOMIC STATISTICS

LAST TEN FISCAL YEARS
Population Total Income
Median
Age
% of Pop
25+
High School
Degree
% of Pop
25+
Bachelor's
Degree
2013 49,951 2,100,839,000 42,058 27,400 0.74% 4.5% 35.8 94.7% 55.0% 2014 49,939 2,181,535,000 43,684 27,900 1.82% 3.6% 35.8 95.2% 57.4% 2015 50,509 2,223,991,000 44,032 28,200 1.08% 3.1% 36.1 95.4% 56.9% 2016 50,312 2,274,460,000 45,207 29,100 3.19% 3.3% 36.6 96.4% 56.9% 2017 51,950 2,311,366,000 44,492 29,400 1.03% 2.7% 36.5 96.8% 57.5% 2018 51,372 2,385,153,000 46,429 29,700 1.02% 2.6% 36.6 96.1% 55.6% 2019 50,044 2,447,088,000 48,899 29,400 -1.01% 2.3% 36.8 95.9% 55.5% 2020 49,813 2,559,352,000 51,379 26,400 -10.20% 6.5% 37.8 96.4% 56.2% 2021 50,782 2,566,572,000 50,541 28,100 6.44% 3.5% 37.4 96.2% 56.3% 2022 50,766 2,785,309,000 54,865 28,900 2.85% 2.7% 37.4 96.2% 56.2% * Calendar year unemployment data uses December year-over-year figures from California Emloyment Development Dept.

Source: California Department of Finance, California Employment Development Department, The HDL Companies, US Census Bureau Unemployment
Rate*
Calendar
Year
Per Capita
Income
Total
Employment*
Employment
Growth Rate*
-
10,000
20,000
30,000
40,000
50,000
60,000
Calendar Year
Aliso Viejo Total Employment*
Per Capita Income
Population
114
174
Table 17

CITY OF ALISO VIEJO

PRINCIPAL EMPLOYERS
JUNE 20, 2022 AND 8 YEARS AGO
MicroVention 1700 6.87%
United Parcel Service 1200 4.85%
Ambry Genetics 705 2.85%
Vylla 607 2.45%
Fluor Corporation 606 2.45%
Orange County Sheriffs Department 450 1.82%
UST 349 1.41%
NeoGenomics Laboratories 300 1.21%
Metagenics 280 1.13%
Alcon Lensx Inc 201 0.81%
Total Top Employers 6,398 25.87%
Total Employees in City 24,735
Fluor Corporation 1,400 7.57%
Pacific Life Insurance 700 3.79%
UPS 600 3.25%
Dell Software 600 3.25%
Capistrano Unified School District 531 2.87%
Qlogic 500 2.70%
Clarient 450 2.43%
Renaissance-Aliso Viejo 300 1.62%
Microsemi 278 1.50%
Metagenics 250 1.35%
Total Top Employers 5,609 30.34%
Total Employees in City 18,488
Data not available for 2013.

Source: City Finance Department
2014
Employer Number of Employees Percent of Total Employment 2022
Employer Number of Employees Percent of Total Employment 115
175
Table 18

CITY OF ALISO VIEJO

OPERATING INDICATORS BY FUNCTION

LAST TEN FISCAL YEARS
2013-14 2014-15 2015-16 2016-17 2017-18 2018-19 2019-20 2020-21 2021-22 2022-23 Public Safety:

Part I Crimes 340 308 395 440 438 488 460 415 424 479
Public Works:

Streets Resurfaced 63 53 38 29 1 57 1 103 47 30
Community Development
Building Permits Issued 1,486 2,093 2,455 2,129 2,225 1,711 1,754 1,755 2,105 2,525 Plan Checks Performed 185 219 275 205 184 197 234 309 686 783 Community Services***:

Recreation
Contract Classes - - - - 145 452 999 283 934 976
Contract Class Participants - - - - 443 1,559 2,239 1,599 4,352 5,137 Events
City Events 8 8 7 7 16 26 8 9 17 9
City Sponsored Events 6 6 6 7 26 27 5 2 8 16
Senior Programs
Senior Mobility Program Rides - - 1,796 2,141 2,419 2,102 2,340 - 345 1,626 Finance
Accounts Payable
AP Line Items Entered 3,344 3,745 4,041 4,368 4,454 4,791 4,964 4,855 5,947 5,581 Invoices Processed 2,309 2,560 2,852 3,012 3,069 3,271 3,216 3,166 3,698 3,787 Payments Processed 1,715 2,148 2,220 2,257 2,284 2,474 2,330 2,338 2,699 2,611 Payroll
Payroll Checks Issued 524 547 622 627 635 748 834 912 1,069 1,134 ***The Community Services department was restructured in FY 2017-18 Source: City Public Works Department, Community Services 116
176
Table 19

CITY OF ALISO VIEJO

FULL-TIME AND PART-TIME CITY EMPLOYEES BY FUNCTION

LAST TEN FISCAL YEARS
2013-14 2014-15 2015-16 2016-17 2017-18 2018-19 2019-20 2020-21 2021-22 2022-23 General Government 1

9.0 9.0 10.0 10.0 10.0 10.0 11.3 13.5 14.0 13.5
Public Safety 2

0.0 0.0 0.0 0.0 0.0 0.0 0.1 0.2 0.0 0.2
Public Works 0.0 0.0 1.0 1.0 1.0 2.0 3.0 3.0 3.0 4.0
Community Services 3

0.0 0.0 0.0 0.0 2.6 5.5 7.3 8.0 9.8 12.0
Community Development 7.0 7.4 7.4 7.4 5.0 5.0 6.0 5.5 5.5 5.3 Total 16.0 16.4 18.4 18.4 18.6 22.5 27.7 30.2 32.3 35.0 1 Attorney Services are contracted through Best, Best, & Krieger LLP and are not included. 2 Public Safety is provided under contract with the Orange County Sheriff's Department 3 Community Services Department was restructured in FY 17-18 Source: City Finance Department
117
177
Table 20

CITY OF ALISO VIEJO

CAPITAL ASSETS STATISTICS BY FUNCTION

LAST TEN FISCAL YEARS
2013-14 2014-15 2015-16 2016-17 2017-18 2018-19 2019-20 2020-21 2021-22 2022-23 General Government
City Hall 1 1 1 1 1 1 1 1 1 1
Public Works:

Streets (Miles) 73 73 73 73 73 73 73 73 73 73
Street Lights ** 1,299 1,410 1,410 1,410 1,410 1,411 1,407 1,407 1,407 1,407 Traffic Signals ** 42 47 47 47 47 47 48 48 48 48
Parks & Recreation:

Parks *** 2 2 2 2 2 2 2 2 2 2
Community Facilities 4 4 4 4 4 4 4 4 4 4
Community Development
Housing - - - - - - - - 1 2
** The City leases 1,230 of the streetlights and shares 3 of the traffic signals with neighboring cities. *** Aliso Viejo Community Association independently owns and manages 21 parks in Aliso Viejo.

Source: City Public Works Department
Fiscal Year
118
178
Table 21

CITY OF ALISO VIEJO

SCHEDULE OF INSURANCE
JUNE 30, 2023
Type of Coverage Limits/Deductibles Insurer Policy period General and Automobile Liability:

General Liability, Automobile Liability, $50,000,000 combined single limit California Joint Powers 07/01/22 - 07/01/23 Bodily Injury, Property Damage, per occurrence Insurance Authority.

Personal Injury.

Pollution & Remediation Legal Liability:

Scheduled property, streets, storm $5,000,000 per member Self Insured Program/ 07/01/22 - 07/01/23 drains, approved underground tanks & $250,000 per occurrence self-insured California Joint Powers non-owned disposal sites. retention. Insurance Authority.

Property:

All-Risk, including buildings, contents, Limit $500,000,000 per occurrence Self Insured Program/ 07/01/22 - 07/01/23 garaged vehicles, contractor's equipment, $10,000 deductible per occurrence California Joint Powers fine arts, rental income and other $5,000 deductible for mechanical Insurance Authority miscellaneous extensions of coverage. breakdown
Crime:

Public Employee Blanket
Fidelity Bond-
Faithful Performance Bond $1,000,000 limit per member, Alliant Insurance 07/01/22 - 07/01/23 Coverage 'O' deductible of $2,500 per occurrence Services, Inc.

Depositor's Forgery $1,000,000 limit per member, Alliant Insurance 07/01/22 - 07/01/23 Coverage 'B' deductible of $2,500 per occurrence Services, Inc.

Crime- Money & Securities $1,000,000 limit per member, Alliant Insurance 07/01/22 - 07/01/23 Coverage 'C' deductible of $2,500 per occurrence Services, Inc.

Computer Fraud $1,000,000 limit per member, Alliant Insurance 07/01/22 - 07/01/23 Coverage 'F' deductible of $2,500 per occurrence Services, Inc.

Worker's Compensation:

Work related injury/illness claims for California Statutory Benefits for Self Insured Program/ 07/01/22 - 07/01/23 temporary and permanent disability, and workers' compensation California Joint Powers Employer's Liability $10,000,000 per occurrence for Insurance Authority Employer's Liability
Special Events:

Tenants/Users for Property $1,000,000 per occurrence, Alliant Insurance 07/01/22 - 07/01/23 damage/bodily injury $1,000,000 aggregate per event. Services, Inc. $5,000 medical expense limit.

Source: City Finance Department
119
179
Table 22

CITY OF ALISO VIEJO

MISCELLANEOUS STATISTICAL INFORMATION
JUNE 30, 2022
Date of Incorporation …………………………………………………………………………………………………July 01, 2001 Form of Government …………………………………………………………………………………………………Council-Manager Area …………………………………………………………………………………………………7 Square miles Miles of Streets …………………………………………………………………………………………………72.1 miles Miles of Sidewalks …………………………………………………………………………………………………147 miles Employees
Full -Time …………………………………………………………………………………………………29
Part-Time (FTEs) …………………………………………………………………………………………………6.0 Elected Officials 5
Public Safety
Police Department ………………………………………Contracted with the Orange County Sheriff's Department Fire Department ……………………………………….. ………Contracted with the Orange County Fire Authority

Recreation & Culture:

Parks - Community & Neighborhood …………………………………………………………………………………………………… 23 Park Acreage (developed) …………………………………………………………………………………………………260 Acres Education:

Elementary Schools (K-6) …………………………………………………………………………………………………4 Middle Schools (6-8) …………………………………………………………………………………………………2 High Schools (9-12) …………………………………………………………………………………………………1 Charter Schools …………………………………………………………………………………………………1
Private Schools …………………………………………………………………………………………………3
Universities …………………………………………………………………………………………………1
*Source: State of California, Department of Finance
120
180
The Honorable Mayor and City Council
City of Aliso Viejo, California
We have audited the financial statements of the governmental activities, each major fund, and the aggregate remaining fund information of the City of Aliso Viejo (“City”) as of and for the year ended June 30, 2023, and have issued our report thereon dated December 14, 2023. Professional standards require that we advise you of the following matters relating to our audit.

Our Responsibility in Relation to the Financial Statement Audit As communicated in our engagement letter dated April 25, 2023, our responsibility, as described by professional standards, is to form and express opinions about whether the financial statements that have been prepared by management with your oversight are presented fairly, in all material respects, in accordance with accounting principles generally accepted in the United States of America. Our audit of the financial statements does not relieve you or management of your respective responsibilities.

Our responsibility, as prescribed by professional standards, is to plan and perform our audit to obtain reasonable, rather than absolute, assurance about whether the financial statements are free of material misstatement. An audit of financial statements includes consideration of internal control over financial reporting as a basis for designing audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the entity’s internal control over financial reporting. Accordingly, as part of our audit, we considered the internal control of the City solely for the purpose of determining our audit procedures and not to provide any assurance concerning such internal control.

We are also responsible for communicating significant matters related to the audit that are, in our professional judgment, relevant to your responsibilities in overseeing the financial reporting process.

However, we are not required to design procedures for the purpose of identifying other matters to communicate to you.

Planned Scope and Timing of the Audit
We conducted our audit consistent with the planned scope and timing we previously communicated in our letter to you dated June 28, 2023.

Compliance with All Ethics Requirements Regarding Independence The engagement team, others in our firm, as appropriate, and our firm have complied with all relevant ethical requirements regarding independence.

We identified self-review threats to independence as a result of non-attest services provided. Those non-attest services included recording journal entries detected during the audit process and preparing the financial statements. To mitigate the risk, management has compared the draft financial statements and footnotes to the underlying accounting records to verify accuracy and has reviewed a disclosure checklist to ensure footnotes are complete and accurate. 181
Significant Risks Identified
We have identified the following significant risks:
 Implementation of GASB Statement No. 96 Subscription Based Information Technology Arrangements (SBITA). We reviewed the City’s inventory of subscriptions and selected a sample of subscription agreements to test the calculations of the transactions. We ensured the City’s disclosure footnotes were accurate and complete in accordance with the new standard.
 Compliance with Federal Grant Requirements. We reviewed the City’s schedule of federal expenses and selected major programs to test for compliance with federal grant requirements.

Qualitative Aspects of the Entity’s Significant Accounting Practices Significant Accounting Policies
Management has the responsibility to select and use appropriate accounting policies. A summary of the significant accounting policies adopted by the City is included in Note 1 to the financial statements. As described in Note 1 to the financial statements, the City changed accounting policies related to SBITA by adopting Statement of Governmental Accounting Standards (GASB Statement) No. 96, SBITA, in the fiscal year 2023. No matters have come to our attention that would require us, under professional standards, to inform you about (1) the methods used to account for significant unusual transactions and (2) the effect of significant accounting policies in controversial or emerging areas for which there is a lack of authoritative guidance or consensus.

Significant Accounting Estimates
Accounting estimates are an integral part of the financial statements prepared by management and are based on management’s current judgments. Those judgments are normally based on 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 markedly from management’s current judgments.

The most sensitive accounting estimates affecting the financial statements include:
 Management’s estimate of transactions related to net pension and OPEB liabilities based on actuarial information.

We evaluated the key factors and assumptions used to develop the estimates and determined that it is reasonable in relation to the basic financial statements taken as a whole and in relation to the applicable opinion units.

Financial Statement Disclosures
Certain financial statement disclosures involve significant judgment and are particularly sensitive because of their significance to financial statement users. The most sensitive disclosures affecting the financial statements were:
 The disclosure of investment fair value in note 2 to the financial statements  The disclosure of pensions in note 9 to the financial statements  The disclosure of OPEB in note 10 to the financial statements.

The financial statement disclosures are neutral, consistent, and clear. 182
Significant Difficulties Encountered during the Audit
We encountered no significant difficulties in dealing with management relating to the performance of the audit.

Significant Unusual Transactions
For purposes of this communication, professional standards require us to communicate to you significant unusual transactions identified during our audit. There were no unusual transactions noted as a result of our audit procedures.

Significant Difficulties Encountered during the Audit
We encountered no significant difficulties in dealing with management relating to the performance of the audit.

Uncorrected and Corrected Misstatements
For purposes of this communication, professional standards also require us to accumulate all known and likely misstatements identified during the audit, other than those that we believe are trivial, and communicate them to the appropriate level of management. Further, professional standards require us to also communicate the effect of uncorrected misstatements related to prior periods on the relevant classes of transactions, account balances or disclosures, and the financial statements as a whole and each applicable opinion unit. Uncorrected misstatements or matters underlying those uncorrected misstatements could potentially cause future-period financial statements to be materially misstated, even though the uncorrected misstatements are immaterial to the financial statements currently under audit. Management has determined that the effects of the following uncorrected adjustment is immaterial, both individually and in the aggregate, to the financial statements as a whole: 1) an entry to allocate interest receivable to all funds.

In addition, professional standards require us to communicate to you all material, corrected misstatements that were brought to the attention of management as a result of our audit procedures. None of the misstatements identified by us as a result of our audit procedures and corrected by management were material, either individually or in the aggregate, to the financial statements taken as a whole or applicable opinion units.

Disagreements with Management
For purposes of this letter, professional standards define a disagreement with management as a matter, whether or not resolved to our satisfaction, concerning a financial accounting, reporting, or auditing matter, which could be significant to the City’s financial statements or the auditor’s report.

No such disagreements arose during the course of the audit.

Representations Requested from Management
We have requested certain written representations from management in a letter dated December 14, 2023.

Management’s Consultations with Other Accountants
In some cases, management may decide to consult with other accountants about auditing and accounting matters. Management informed us that, and to our knowledge, there were no consultations with other accountants regarding auditing and accounting matters. 183
Other Significant Matters, Findings, or Issues
In the normal course of our professional association with the City, we generally discuss a variety of matters, including the application of accounting principles and auditing standards, significant events or transactions that occurred during the year, operating and regulatory conditions affecting the entity, and operational plans and strategies that may affect the risks of material misstatement. None of the matters discussed resulted in a condition to our retention as the City’s auditors.

Other Information Included in the Annual Comprehensive Financial Report Pursuant to professional standards, our responsibility as auditors for other information, whether financial or nonfinancial, included in the City’s annual report, does not extend beyond the information identified in the audit report, and we are not required to perform any procedures to corroborate such other information. However, in accordance with such standards, we have read the information and considered whether such information, or the manner of its presentation, was materially inconsistent with its presentation in the financial statements.

Our responsibility also includes communicating to you any information which we believe is a material misstatement of fact. Nothing came to our attention that caused us to believe that such information, or its manner of presentation, is materially inconsistent with the information, or manner of its presentation, appearing in the financial statements.

This report is intended solely for the information and use of the 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.

Irvine, California
December 14, 2023
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191
INDEPENDENT ACCOUNTANT’S REPORT
The Honorable Mayor and City Council
City of Aliso Viejo, California
We have performed the procedures enumerated below on the City of Aliso Viejo, California (City) appropriations limit worksheets for compliance with the requirements of Section 1.5 of Article XIIIB of the California Constitution for the year ended June 30, 2023. The City is responsible for compliance with Section 1.5 of Article XIIIB of the California Constitution.

The City has agreed to and acknowledged that these procedures are appropriate to meet the intended purpose of evaluating compliance with the requirements of Section 1.5 of Article XIIIB of the California Constitution and the League of California Cities publication entitled Article XIIIB Appropriations Limitation Uniform Guidelines for the year ended June 30, 2023. This report may not be suitable for any other purpose. The procedures performed may not address all the items of interest to a user of this report and may not meet the needs of all users of this report and, as such, users are responsible for determining whether the procedures performed are appropriate for their purposes.

The procedures and the associated findings are as follows:

1. We obtained the worksheets referred to above and compared the limit and annual adjustment factors included in those worksheets to the limit and annual adjustment factors that were adopted by resolution of the City Council. We also compared the population and inflation options included in the aforementioned worksheets to those that were selected by a recorded vote.

Results: No exceptions were noted as a result of our procedures.

2. We recalculated the mathematical computations reflected in the City’s worksheets.

Results: No exceptions were noted as a result of our procedures.

3. We compared the current year information used to determine the current year limit and agreed it to worksheets prepared by the City and to information provided by the State Department of Finance.

Results: No exceptions were noted as a result of our procedures.

4. We compared the amount of the prior year appropriations limit presented in the worksheets to the amount adopted by the City Council for the prior year.

Results: No exceptions were noted as a result of our procedures. 192
The Honorable Mayor and City Council
City of Aliso Viejo, California
Page Two
We were engaged by the City to perform this agreed-upon procedures engagement and conducted our engagement in accordance with standards established by the American Institute of Certified Public Accountants. We were not engaged to and did not conduct an examination or review, the objective of which would be the expression of an opinion or conclusion, respectively on the worksheets referred to above. Accordingly, we do not express such an opinion or conclusion. Had we performed additional procedures, other matters might have come to our attention that would have been reported to you. No procedures have been performed with respect to the determination of the appropriation limit for the base year, as defined by the League publication entitled Article XIIIB Appropriations Limitation Uniform Guidelines.

We are required to be independent of the City and to meet our other ethical responsibilities, in accordance with the relevant ethical requirements related to our agreed-upon procedures engagement.

This report is intended solely for the information and use of the Management of the City of Aliso Viejo, California and is not intended to be, and should not be, used by anyone other than the specified party.

Irvine, California
December 14, 2023
193
INDEPENDENT ACCOUNTANT’S REPORT
The Honorable Mayor and City Council
City of Aliso Viejo, California
We have performed the procedures enumerated below on the City of Aliso Viejo, California (City) Treasurer’s Monthly Cash Statement for the month ended June 30, 2023 for compliance with the provisions of the California Government Code and with the City’s investment policy dated September 7, 2022. The City’s management is responsible for the Treasurer’s Monthly Cash Statement for the month ended June 30, 2023.

The City has agreed to and acknowledged that these procedures are appropriate to meet the intended purpose of evaluating compliance with the requirements of the California Government Code and with the City’s investment policy dated September 7, 2022. This report may not be suitable for any other purpose. The procedures performed may not address all the items of interest to a user of this report and may not meet the needs of all users of this report and, as such, users are responsible for determining whether the procedures performed are appropriate for their purposes.

The procedures and the associated findings are as follows:

1. We obtained a copy of the City’s Treasurer’s Report for June 30, 2023 and reconciled individual investments/deposits to supporting documentation obtained from City staff. We also traced total funds reported on the Treasurer’s Report to the City’s General Ledger at June 30, 2023.

Results: No exceptions were noted as a result of our procedures.

2. We compared the investments listed on the City’s Treasurer’s Report for the month of June 30, 2023 to the type of investments authorized by the City’s Investment Policy and Government Code Section 53601.

Results: No exceptions were noted as a result of our procedures.

3. We compared the market value of the investments listed on the Treasurer's Report for the month of June 30, 2023 to the City's copies of investment statements.

Results: No exceptions were noted as a result of our procedures.

4. We read the City Treasurer's Report for the month of June 30, 2023 to ascertain that it contains all the information/data required by Government Code Section 53646 and meets the timing requirements of Government Code Section 53646 as follows:
a. Was submitted within 30 days following the end of the quarter 194
The Honorable Mayor and City Council
City of Aliso Viejo, California
b. Included the type of investment, issuer, date of maturity, par and dollar amount invested on all securities, investments, and monies held by the City c. Included those funds under management of contracted parties (fiscal agents, trustee, deferred compensation, plan administrators, etc.) d. Included market value (and source) as of the date of the report for all securities held by the City or under management of any outside party that is not also a local agency or the State of California Local Agency Investment Fund
e. Stated compliance of the portfolio to the investment policy of the City f. Included a statement addressing the ability of the City to meet the pool's expenditure requirements for the next six months
g. Included the most recent statements from the Local Agency Investment Fund in lieu of the information required by (b) and (d) above, for City investments that have been placed in those pools
Results: No exceptions were noted as a result of our procedures, except for step 4a, the Treasurer’s report was approved by the Council on August 16, 2023. Per review of the City’s website, the City Council meeting for August 2, 2023 was cancelled.

5. We compared the investments listed in the City Treasurer's Report for the month of June 30, 2023 to the prohibited investments listed in the City's Investment Policy and Government Code Section 53601.6.

Results: No exceptions were noted as a result of our procedures.

6. We calculated the totals (cost basis) for the investments listed in the City Treasurer's Report for the month of June 30, 2023 and compared those totals to the limitations imposed by the City's Investment Policy and Government Code Section 53601 for specified investment types
Results: No exceptions were noted as a result of our procedures.

7. We agreed individual investment maturity dates listed on the City Treasurer's Report for the month of June 30, 2023 to the City's copies of the investment statements, to determine if they conformed to the maturity requirements of the City's Investment Policy and Government Code Section 53601.

Results: No exceptions were noted as a result of our procedures. 195
The Honorable Mayor and City Council
City of Aliso Viejo, California
We were engaged by the City to perform this agreed-upon procedures engagement and conducted our engagement in accordance with standards established by the American Institute of Certified Public Accountants. We were not engaged to and did not conduct an examination or review, the objective of which would be the expression of an opinion or conclusion, respectively on the Treasurer’s Monthly Cash Statement dated June 30, 2023.

Accordingly, we do not express such an opinion or conclusion. Had we performed additional procedures, other matters might have come to our attention that would have been reported to you.

We are required to be independent of the City and to meet our other ethical responsibilities, in accordance with the relevant ethical requirements related to our agreed-upon procedures engagement.

Irvine, California
December 14, 2023
196
City of Aliso Viejo

AGENDA ITEM
DATE: January 17, 2024
TO: Mayor and City Council
FROM: Shaun Pelletier, City Engineer

SUBJECT: RELEASE OF BONDS FOR THE GRADING AND LANDSCAPING

IMPROVEMENTS FOR THE GLAUKOS SITEWORK PROJECT
Recommended Action:

Adopt a Resolution exonerating Grading Surety Bond Nos. 0240003 and 0240004 and Landscaping Surety Bond Nos. 0244630 and 0244631 for the Glaukos Sitework Project.

Fiscal Impact:

No fiscal impact exists.

Background:

The City of Aliso Viejo required bonds from Turelk, Inc. to assure completion of the grading and landscape improvements for the Glaukos Sitework Project. The four surety bonds have a total value of $1,306,457. The City required separate bonds for the improvements performed on the owner’s property and the tenant’s property for each of the grading and landscaping permits, resulting in four bonds to cover the four public works permits.

Discussion:

The Glaukos Sitework Project has been completed. Staff recommends that the City Council adopt a Resolution accepting the improvements for the Glaukos Sitework Project and exonerating the bonds.

Attachment:

1. Resolution
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Aliso Viejo City CouncilJanuary 17, 2024

Aliso Viejo City Council
January 17, 2024