REGULAR CITY COUNCIL AGENDA
City Hall - Council Chambers
4381 Broadway St., Suite 201, American Canyon
February 17, 2026
6:30 PM
1. Proclamation: Ramadan
2. Minutes of February 3, 2026
Recommendation: Approve the minutes for the Regular City Council mee&ng held February 3, 2026.
3. Green Island Road Project Design Amendment
Recommendation: Adopt a Resolu&on approving Amendment #10 to Agreement 2016-15 with CONSOR North America, Inc., in the amount of $213,175 for construc&on support and design services, for a total contract amount not to exceed $1,762,205, in conjunc&on with the Green Island Road Reconstruction and Widening Project (TR16-0700).
4. Water Treatment Plant SCADA Upgrade Budget Increase
Mayor: Pierre Washington
Vice Mayor: Mayor Mark Joseph
Councilmembers: Brando Cruz, Melissa Lamattina, David Oro
THERE WILL BE NO CLOSED SESSION FOR THIS MEETING
6:30 P.M. OPEN SESSION
CALL TO ORDER - OPEN SESSION
PLEDGE OF ALLEGIANCE
ROLL CALL - OPEN SESSION
PROCLAMATIONS AND PRESENTATIONS
PUBLIC COMMENT - ITEMS NOT ON THE AGENDA
This me is reserved for members of the public to address the City Council on items not appearing on the agenda that are within the Council's jurisdicon. Comments are limited to three (3) minutes per speaker. Pursuant to the Brown Act, the City Council is generally prohibited from discussing or taking action on items not listed on the agenda.
AGENDA CHANGES
The City Council may change the order of the agenda or request discussion of an item on the Consent Calendar.
Members of the public may request discussion of a Consent Calendar item during Public Comment.
CONSENT CALENDAR
CITY COUNCIL MEETING AGENDA FEBRUARY 17, 2026
1 Recommendation: Adopt a Resolu&on increasing the Water Treatment Plant SCADA Upgrade (WA26-0200) project budget $150,000, from $250,000 to $400,000, and authorizing the City Manager to amend Agreement No. 2025-A161 with Telstar Instruments in an amount not to exceed the project budget.
5. Quarterly Investment Report for City and Fire District for Fiscal Year 2025-26 Quarter 2 Recommendation: Receive and file the City and Fire District’s Treasurer’s Report for the quarter ended December 31, 2025.
6. Annual Comprehensive Financial Report and Year-end Financial Results Recommendation: Receive the draC Annual Comprehensive Financial Report and related communications from the City's external auditor for Fiscal Year 2024-25.
7. Fiscal Year 2025-26 Mid-Year Budget Amendments
Recommendation: Adopt a Resolu&on approving Mid-Year Budget Amendments to Operating Budget for Fiscal Year 2025-26.
8. City Council Committee Report - Councilmember David Oro
9. City Council Committee Report - Vice Mayor Mark Joseph
10. City Council Committee Report - Mayor Pierre Washington
11. Future Agenda Items of Note
PUBLIC HEARINGS
There are no public hearing matters.
BUSINESS
MANAGEMENT / STAFF ORAL REPORTS
CITY COUNCIL COMMENTS / COMMITTEE REPORTS
City Council may provide brief comments on ma'ers of public concern, announce ma'ers of public interest, and provide Council Committee reports. No action will be taken.
FUTURE AGENDA ITEM REVIEW
The City Council will review upcoming agenda items. Councilmembers may request that items be added to future City Council agendas.
ADJOURNMENT
CERTIFICATION
I, Taresa Geilfuss, City Clerk for American Canyon, do hereby declare that the foregoing agenda was posted in compliance with the Brown Act prior to the meeting date.
Taresa Geilfuss, City Clerk
CITY COUNCIL MEETING AGENDA FEBRUARY 17, 2026
2 PUBLIC PARTICIPATION
This mee>ng is a limited public forum. The City expects respec@ul conduct from all par>cipants.
Offensive language or discriminatory remarks based on any protected classifica>on under federal, state, or local law will not be tolerated, and the speaker may be immediately disconnected.
Mee&ngs are conducted in person and are also available via Zoom. Mee&ngs are broadcast live on Napa Valley TV, the City’s website, and YouTube.
Zoom Link: Click here. Webinar ID: 847 1017 1711. Passcode: 123456. Phone-in: (408) 638-0968 Oral Comments: In person during Open/Closed Session, or via Zoom during Open Session only. Use “Raise Your Hand” during public comment periods only.
Written Comments: Submit via eComments on the City’s Mee&ngs & Agendas webpage. eComments close at 3:00 p.m. on the day of the meeting.
Agenda Materials: Posted 72 hours in advance at www.americancanyon.gov.
ADA: Requests for accommoda&ons or alterna&ve formats must be submiNed at least three calendar days in advance to the City Clerk at 4381 Broadway, Suite 201, American Canyon, CA 94503 or [email protected].
Need Addi>onal Assistance? Contact the City Clerk by phone at (707) 647-4369 or by email at [email protected].
CITY COUNCIL MEETING AGENDA FEBRUARY 17, 2026
3 CITY OF AMERICAN CANYON
PROCLAMATION
Acknowledging the Muslim Holiday of Ramadan
WHEREAS, Islam is one of the world’s major religions and part of our shared human heritage; and WHEREAS, California’s Muslim community is one of the most diverse in the nation with ethnic and cultural backgrounds that span the globe; and
WHEREAS, Muslims have a long history in the United States, spanning back to the slave trade, in which 10 to 15 percent of the enslaved African woman and men were said to be Muslim; and WHEREAS, Muslims have long served in the nation’s armed forces and fought in all major United States wars, from the American Revolutionary War to modern conflicts today, with some Muslim Americans making the ultimate sacrifice in combat; and
WHEREAS, Muslims have contributed to social movements throughout the history of the United States to work toward justice and fair inclusion for all; and
WHEREAS, from the early days of the pioneersto our present-day leaders, Muslim Americans have played a significant role in the history of this state’s economic, cultural, spiritual, and political development; and WHEREAS, there are approximately one million Muslim Americans across this state, contributing to its economy, social fabric, and multicultural and pluralistic traditions; and WHEREAS, the Muslim residents of thisstate, with their hard work and contributionsto medicine,science, information technology, education, police, military, and many other fields, have benefited from and enriched the state’s open, tolerant, and economically vibrant environment; and WHEREAS, Ramadan is a holy month of fasting; a time to reflect spiritually, build communally, and aid those in need and marks an annualspiritual renewal for each individual, a reason to celebrate and express gratitude in this month; and
WHEREAS, the observance of the Muslim holy month of Ramadan commenced at dusk on February 17, 2026, and continues for one lunar month, from sunrise to sunset each day; NOW, THEREFORE, I, Mayor Pierre Washington, on behalf of the American Canyon City Council, do hereby acknowledge the commencement of Ramadan and express our deepest respect to Muslims across California and around the world on this significant occasion.
Dated: February 17, 2026
_____________________________
Pierre Washington, Mayor
4 CITY OF AMERICAN CANYON
REGULAR CITY COUNCIL MEETING
ACTION MINUTES
February 3, 2026
5:30 P.M. – CLOSED SESSION
CALL TO ORDER - CLOSED SESSION
The City Council meeting was called to order at 5:35 p.m.
ROLL CALL - CLOSED SESSION
Present: Councilmember Brando Cruz, Councilmember Melissa Lamattina, Councilmember David Oro, Vice Mayor Mark Joseph, Mayor Pierre Washington
Absent: None
Excused: None
PUBLIC COMMENTS - CLOSED SESSION ITEMS
Mayor Washington opened a public comment period for Closed Session Items. Written comments: none. Oral comments: none. The public comment period was closed.
MEETING RECESS - COUNCIL TO CONVENE IN CLOSED SESSION
Council immediately entered Closed Session.
5:30 P.M. CLOSED SESSION ITEMS
1. Conference with Legal Counsel - Existing Litigation. Authorized pursuant to Government Code Section 54956.9(d)(1):
a. Orchard Partners LLC et al. vs. City of American Canyon et al. (Napa Superior Court Case No. 26CV000115).
2. Conference with Legal Counsel – Anticipated Litigation. Authorized pursuant to Government Code Section 54956.9 (d)(2). One (1) Matter. 6:30 P.M. OPEN SESSION - REGULAR MEETING
CALL TO ORDER - OPEN SESSION
The City Council meeting was called to order at 6:35 p.m.
PLEDGE OF ALLEGIANCE
The Pledge of Allegiance was recited.
5 ROLL CALL - OPEN SESSION
Present: Councilmember Brando Cruz, Councilmember Melissa Lamattina, Councilmember David Oro, Vice Mayor Mark Joseph, Mayor Pierre Washington
Absent: None
Excused: None
REPORT ON CLOSED SESSION/CONFIRMATION OF REPORTABLE ACTION A report on Closed Session and confirmation of reportable action was given by City Attorney Theresa Highsmith.
PROCLAMATIONS AND PRESENTATIONS
3. Proclamation: Black History Month
Mayor Washington announced the Black History Month proclamation. It was received by Charles Walker, Brenda Knight, Kenneth Leary, and other members of the community.
PUBLIC COMMENTS - ITEMS NOT ON CLOSED SESSION OR OPEN SESSION AGENDA Mayor Washington opened a public comment period. Written comments: none. Oral comments:
Katherine Bit was called to speak; Alexander Gallegos was called to speak; Matthew Beeston was called to speak; Clarence Mamaril was called to speak; Yvonne Baginski was called to speak; Arvind Nischal was called to speak; Hugh Marquez called to speak; Fran Lemos was called to speak; Justin Hamilton Hole was called to speak; Arya Adhye was called to speak. The public comment period was closed.
AGENDA CHANGES
There were no changes to the agenda.
PUBLIC HEARINGS
There were no Public Hearing Items.
CONSENT CALENDAR
Action: Motion to adopt the Consent Calendar made by Vice Mayor Mark Joseph, seconded by Councilmember Melissa Lamattina, and CARRIED by roll call vote.
Ayes: Councilmember Brando Cruz, Councilmember Melissa Lamattina, Councilmember David Oro, Vice Mayor Mark Joseph, Mayor Pierre Washington Nays: None
Abstain: None
Absent: None
4. Minutes of January 20, 2026
Action: Approved the minutes of the Regular City Council meeting of January 20, 2026. 6 5. Marcus Road Extension
Action: Adopted Resolution 2026-08 approving Final Acceptance of the Marcus Road Extension and Appurtenant Utilities Improvements Project from intersection of Cartier Street, Sta. 20+00 to Sta. 25+39, south of the future Marcus Road Bridge (DV24-0011)
6. Measure U 5-Year Expenditure Plan Update
Action: Adopted Resolution 2026-09 approving an updated Five-Year Expenditure Plan for FY 2025/26 through FY 2029/30 under Measure U (Napa Countywide Road Maintenance Act.)
BUSINESS
7. State Route 29 Corridor Improvement Project Update
Council received a State Route 29 Corridor Improvement Project presentation from Napa Valley Transportation Authority Program Manager/Engineer Grant Bailey, P.E.; with Caltrans Regional Project Manager Amani Meligy; Caltrans Project Manager Anthony Cabangangan; and Kimley Horn Engineering Consultants: Project Manager Parag Maura and Transportation Lead Ravi Putaguna available for questions.
Mayor Washington opened a public comment period. Written comments: Jeanette Goyetche.
Oral comments: Hugh Marquez was called to speak; Scott Myer was called to speak; Leon Garcia was called to speak; Michelle Omara was called to speak; Beth Marcus was called to speak; Justin Hamilton Hole was called to speak; Karen Fritz was called to speak; Beth Marcus was re-called to speak; Fran Lemos was called to speak. The public comment period was closed.
MANAGEMENT AND STAFF ORAL REPORTS
8. OpenGov Presentation (All Departments with OpenGov)
Council received an OpenGov presentation from Finance Director Jemelyn Cruz, Assistant Public Works Director Norman Woods, and Community Development Office Assistant Julianne Geilfuss.
Council received oral updates from Deputy City Manager Alexandra Ikeda and Assistant City Manager Juan Gomez.
MAYOR/COUNCIL COMMENTS AND COMMITTEE REPORTS
The mayor and council members provided oral reports and announced items of community interest.
9. City Council Committee Report - Mayor Pierre Washington 7 FUTURE AGENDA ITEMS
10. Future Agenda Items of Note
Future agenda items were reviewed.
Action: Motion to add to a future agenda Endorsement of House Resolution 46 made by Vice Mayor Mark Joseph, seconded by Councilmember Melissa Lamattina, and CARRIED by roll call vote.
Ayes: Councilmember Brando Cruz, Councilmember Melissa Lamattina, Councilmember David Oro, Vice Mayor Mark Joseph, Mayor Pierre Washington Nays: None
Abstain: None
Absent: None
Excused: None
ADJOURNMENT
The City Council meeting was adjourned at 8:50 p.m.
CERTIFICATION
Respectfully Submitted,
_____________________________________
Taresa Geilfuss, City Clerk
8 CITY COUNCIL AGENDA
FEBRUARY 17, 2026
STAFF REPORT
CONSENT
ITEM NUMBER: 3.
TITLE
Green Island Road Project Design Amendment
RECOMMENDATION
Adopt a Resolu)on approving Amendment #10 to Agreement 2016-15 with CONSOR North America, Inc., in the amount of $213,175 for construc)on support and design services, for a total contract amount not to exceed $1,762,205, in conjunc)on with the Green Island Road Reconstruc)on and Widening Project (TR16-0700).
CONTACT
Erica Ahmann Smithies, P.E., Public Works Director/City Engineer Ron Ranada, P.E., Senior Civil Engineer
BACKGROUND & ANALYSIS
The Green Island Road Reconstruc)on and Widening Project (TR16-0700) (“Project”) consists of reconstruc)ng 1.9 miles of exis)ng roads, including Green Island Road (from Paoli Loop to Jim Oswalt Way), Jim Oswalt Way, MezzeBa Court, Commerce Boulevard (north of North Slough), and Hanna Drive. In 2016, the City entered into an agreement (2016-15) with CONSOR North America, Inc. ("Consor") to complete the design and prepare mul)ple bid packages (PS&Es) necessary to deliver the Project. These included railroad plans, u)lity reloca)on and undergrounding plans, and most recently (and currently under construction) road improvements plans.
In Spring 2025, Consor completed the PS&E for the road improvements, and supported the City in the adver)sement and award of the construc)on contract to O.C. Jones and Sons, Inc. However, due to the )ming of two separate federal grants (Economic Development Administra)on ARPA and One Bay Area Grant) that are funding the Project and their associated deadlines, the awarded road construc)on scope was trimmed of the Class I Trail improvements, including a por)on of the Napa Valley Vine Trail. This was as noted at the Project's award at the May 20, 2025, City Council mee)ng.
As further noted at the mee)ng, the intent was to prepare a separate PS&E package for the trail at a later )me. Subsequently, the city received authoriza)on from Caltrans to adver)se and award the trail project in July 2025. Hence, staff seeks to further engage Consor for the comple)on of the trailspecific PS&E. Staff requested and negotiated a proposal from Consor in the amount of $96,000.
Addi)onally, due to unforeseen condi)ons encountered on the current construc)on effort, an 9 increase in Construc)on Support Services from Consor is necessary. Staff requested and nego)ated a proposal from Consor in the amount of $117,175.
Staff has evaluated the proposal scope and fee, finds the proposal agreeable, and recommends the Council approve the suggested action.
COUNCIL PRIORITY PROGRAMS AND PROJECTS
Infrastructure: "Develop and maintain infrastructure resources to support sustainable growth."
FISCAL IMPACT
The adopted FY 25-26 Capital Budget and Project Budget have sufficient alloca)ons to cover the proposed scope and fee increases. Funding would be provided by Fund 381 (CFD).
ENVIRONMENTAL REVIEW
The Recommended Ac)ons (to approve contact amendments) is not a “Project” subject to environmental review under the California Environmental Quality Act (CEQA).
Pursuant to the California Environmental Quality Act (“CEQA”), an Ini)al Study/Mi)gated Nega)ve Declara)on (“IS/MND”), that includes a “Mi)ga)on Monitoring and Repor)ng Plan (“MMRP”), was prepared for the Project and at a public hearing for considera)on of the Project and its IS/MND on October 1, 2019, the City Council determined:
1. based upon the record that the Project will not have a significant effect upon the environment if the mitigation measures listed in the MND and MMRP are implemented;
2. adopted the IS/MND for the Project;
3. adopted the MMRP for the Project; and
4. directed staff to file a No)ce of Determina)on for the Project consistent with the CEQA Guidelines.
ATTACHMENTS:
1. Resolution - GIR Consor Design Amendment
2. TR16-0700 Consor Amendment 10 Scope
3. TR16-0700 Consor Amendment 10 Fee
10 RESOLUTION NO. 2026-
RESOLUTION APPROVING AMENDMENT #10 TO AGREEMENT 2016-15 WITH CONSOR NORTH AMERICA, INC., IN THE AMOUNT OF $213,175, FOR A TOTAL CONTRACT AMOUNT NOT TO EXCEED $1,762,205, IN CONJUNCTION WITH THE GREEN ISLAND ROAD RECONSTRUCTION AND WIDENING PROJECT (TR16-0700) WHEREAS, on January 19, 2016, the City Council approved Agreement #2016-15 with CONSOR North America, Inc. (CONSOR) for design services in conjunction with the Green Island Road Reconstruction and Widening Project (Project) (TR16-0700); and
WHEREAS, due to the timing of two of the Project’s grant deadlines, it was necessary to separate the Class I Trail improvements from the road improvements; and
WHEREAS, additional effort is needed to prepare the construction bid package for the trail improvements; and
WHEREAS, additional construction support is needed from CONSOR to further the on-going construction of the road improvements; and
WHEREAS, CONSOR has submitted a proposal in the amount of $213,175 for the cost to complete the bid package for the Class I Trail ($96,000), and provide additional construction support for the road project ($117,175); and
WHEREAS, sufficient funds are allocated to the Project from Fund 381 (CFD) per the adopted FY25-26 Capital Budget.
NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of American Canyon hereby authorizes the City Manager to execute Amendment #10 to Agreement 2016-15 with CONSOR North America, Inc., in the amount of $213,175 , for a total contract amount not to exceed $1,762,205, in conjunction with the Green Island Road Reconstruction and Widening Project (TR16-0700).
11 2
PASSED, APPROVED and ADOPTED at a regularly scheduled meeting of the City Council of the City of American Canyon held on the 17th day of February, 2026 by the following vote:
AYES:
NOES:
ABSTAIN:
ABSENT:
____________________________
Pierre Washington, Mayor
ATTEST: APPROVE AS TO FORM:
____________________________ _____________________________ Taresa Geilfuss, CMC, City Clerk Teresa L. Highsmith, City Attorney 12 2868 Prospect Park Drive, Suite 250
Rancho Cordova, Ca 95670
(916) 368-9181
December 10th, 2025
Mr. Ron Ranada, P.E.
Senior Civil Engineer
Public Works Department
City of American Canyon
4381 Broadway Street, Suite 201
American Canyon, CA 94503
Re: Amendment 10 Request - Green Island Road Reconstruction and Widening Project Dear Mr. Ranada,
Consor respectfully requests an amendment to the scope of work for the Green Island Road Reconstruction and Widening Project (Project Number TR16-0700) from the City of American Canyon (City). A supplemental budget amount is necessary for the additional construction support that design staff is performing as the roadway project progresses through construction. The budget request includes effort to attend weekly construction management check-in meetings, respond to questions from Consor's construction management staff and City staff, respond to RFIs and CCOs including plan set revisions, and create as-built drawings at the conclusion of construction. The amendment request also includes effort to develop plans, specifications, and estimate for the trail portion of the Green Island Road project, plus construction support and as-built preparation for the trail project.
PROPOSED PROJECT BUDGET SUMMARY:
Scope Description Total Cost
not-to-exceed
Amendment 10 request $213,175
New Green Island Road Reconstruction and Widening Project Budget $1,762,205 A breakdown of hours by staff member is attached.
The Consor Team looks forward to continuing working with the City of American Canyon and City staff. We welcome the opportunity to discuss specific details further and thank you for the opportunity to submit this proposal. If you have any questions or require additional information, please do not hesitate to contact us.
Sincerely,
Consor North America, Inc.
Andrew Mitchell, PE, Project Manager
(925) 433-6815 | [email protected]
13 Scope of Work
The Consor team’s approach to the project can be seen in the following proposed scope of work. Collaboration is one of our core values at Consor. We are committed to working with the City of American Canyon on any adjustments to this scope needed to ensure full alignment with the City’s goals for this project.
Task 1 – Project Management
Consor will continue preparing monthly progress reports and invoices. Consor assumes 1 hr per month for the project manager (November 2025 thru December 2026).
Task 12 – Construction Support
Consor will continue with construction support for the roadway project, assuming construction will extend through September 2026. Consor assumes 5 hrs per week for a senior engineer, extending from December 2025 thru September 2026. This task includes hours already billed for the months of September, October, and November 2025 (50 hrs for senior engineer and 80 hours for an engineering designer).
Task 12 Assumptions
• Construction of the roadway project will extend into September 2026. • 5 hours per week are anticipated to attend weekly check-in meetings, respond to RFIs, and modify plans as necessary.
Task 14 – Roadway As-Builts
Consor will develop as-built drawings for the roadway project.
Task 14 Deliverables
• As-Built Drawings (roadway project) (PDF)
Task 15 – Trail PS&E
Consor will develop trail plans, specifications, and cost estimate assuming three rounds of submittal and review (95%, 100%, and Final).
Consor will prepare an initial package of unchecked plans and estimate to be submitted to the City for review. It is assumed that the package will have the following sheets:
• Title Page
• Typical Cross Sections
• Project Control
• Layout (9)
• Construction Details
• Drainage Plan and Details
• Pavement Delineation (9)
• RRFB Plan
• RRFB Details
14
• Summary of Quantities
Total Sheet Count: 26 (24 Consor, 2 BEN|EN)
BEN|EN will prepare plans, specifications, and cost estimates (PS&E) for a solar-powered Rectangular Rapid Flashing Beacons (RRFB) system at the crosswalk on the west leg of the Green Island Road/W. Paoli Lane intersection. BEN|EN will submit the PS&E for the RRFB to the City of American Canyon for review at the 95% and 100% level. Any comments by the City of American Canyon will be incorporated into final PS&E.
After City comments on 95% plans have been received, Consor will perform an independent check of the design. This involves a completely independent analysis of the project by an engineer that has not been involved in the design. Consor will revise the plans based on independent check comment resolution and independent check comment and resolution will be documented.
Consor will update the 95% quantities, and a set of check quantities will be created as part of the QC process to verify accuracy.
Consor will create an updated cost estimate based on the revised quantities.
Project special provisions will be developed based on the City's template and Caltrans Standard Specifications and Standard Special Provisions (SSPs) template.
Consor will submit the 100% Plans, Specifications, and Estimate to the City along with comment responses to the City’s 95% Plan and Estimate comments.
Consor will incorporate 100% comments from the City into the plans, specifications, and estimate. A senior level engineer at Consor will perform a QA/QC review of the entire draft PS&E package for uniformity, compatibility, and constructability. The review will include comparing the roadway plans with the trail plans for conflicts or inconsistencies. Consor will update the PS&E package to address QC comments.
Consor will provide the City the signed and stamped Final PS&E package plus 100% comment responses.
Task 15 Assumptions
• City will provide the specifications template and Consor will insert technical specifications, bid item schedule, and measurement and payment clauses.
• Special provisions will use the 2025 Caltrans Standards (or the latest available version).
Task 15 Deliverables
• 95% Plans and Estimate (PDF)
• 95% Comment Responses (Excel)
• 100% Plans, Specifications, and Estimate (PDF)
• 100% Comment Responses (Excel)
• Signed and Stamped Final PS&E Package (PDF)
Task 16 – Trail Construction Support
Consor will provide construction support for the trail project, assuming construction will begin in September 2026 and extend through December 2026. Consor assumes 5 hrs per week for a senior engineer.
Task 16 Assumptions
• Construction of the trail will begin in September 2026 and run through December 2026. • 5 hours per week are anticipated to attend weekly check-in meetings, respond to RFIs, and modify plans as necessary. 15
Task 17 – Trail As-Builts
Consor will develop as-built drawings for the trail project.
Task 17 Deliverables
• As-Built Drawings (trail project) (PDF)
16 Cost Proposal
Project Number: N16A481CA.00
Task No. TASKS
Principal Engineer
Senior Engineer
Engineering Designer
Engineering Designer
Engineering Designer
CAD Technician
Professional Engineer
Consor Total Hours
Consor Total
Labor Dollars
Consor Labor
Consor Profit
Consor NLF Budget
NLF + Escalation
Task Cost
Task Hours
BEN | EN
Subconsultant Subtotal
JPJ AKM HGA DNL NJC PSK KCB Direct Labor
Labor + OH
Multiplier Fee Multiplier
Actual Labor
Multiplier
No. Initial Hourly Rate $114.45 $86.52 $48.73 $38.85 $39.86 $46.29 $57.98 Key Personnel Yes No No No No No No
Prevailing Wage No No Yes Yes Yes Yes No
OT Eligible No No No No No Yes No 2.9321 12% 3.2840
0 $0 $0 $0.00 $0 $0 $0
1. Project Management 14 14 $1,211 $3,551 $426.18 $3,978 $4,127 4,127$ 14 $0
12. Construction Support 270 80 350 $27,258 $79,923 $9,590.80 $89,514 $92,870 92,870$ 350 $014. Roadway As-Builts 16 80 96 $5,087 $14,917 $1,790.04 $16,707 $17,333 17,333$ 96 $015. Trail PS&E 8 40 344 8 8 408 $18,523 $54,312 $6,517.50 $60,830 $63,111 63,111$ 408 $5,502 $5,50216. Trail Construction Support 90 90 $7,787 $22,831 $2,739.71 $25,571 $26,529 26,529$ 90 $017. Trail As-Builts 4 16 20 $1,087 $3,186 $382.36 $3,569 $3,702 3,702$ 20 $0 0 $0 $0 $0.00 $0 $0 $0
Start Subtotal - Hours 8 434 80 344 8 96 8 978 $60,953.42 $178,721.54 $21,446.58 $200,168.12 $207,673 207,673$ 978 0 Anticipated Salary Increases $2,285.17 $6,700.35 $804.04 $7,504.39Other Direct Costs 0 $0.00 $0.00 0Total Cost $916 $37,548 $3,898 $13,364 $319 $4,444 $464 $60,953 $63,239 $185,422 $22,251 $207,673 $207,673 $5,502 $5,502 $213,175
Note: Invoices will be based upon actual Consor hourly rates plus overhead at 193.21%plus prorated portion of fixed fee. Subconsultant and Direct Costs will be billed at actual cost.The overhead rate (ICR) shall remain fixed for the contract duration or until both partiesto modify the rate in writing.
Project Name: Amendment 10
Total
Green Island Road Amendment - Construction Support and Trail PS&E Project 1 Hrs 12/10/2025 17 CITY COUNCIL AGENDA
FEBRUARY 17, 2026
STAFF REPORT
CONSENT
ITEM NUMBER: 4.
TITLE
Water Treatment Plant SCADA Upgrade Budget Increase
RECOMMENDATION
Adopt a Resolu(on increasing the Water Treatment Plant SCADA Upgrade (WA26-0200) project budget $150,000, from $250,000 to $400,000, and authorizing the City Manager to amend Agreement No. 2025-A161 with Telstar Instruments in an amount not to exceed the project budget.
CONTACT
Erica Ahmann Smithies, P.E., Public Works Director
Norman Woods, Assistant Public Works Director - Utilities and Environmental Services Jemelyn Cruz, Finance Director
BACKGROUND & ANALYSIS
Background
Commissioned in 1974, the Water Treatment Plant (WTP) at 250 Kirkland Ranch Road consists of a Membrane Plant and a Conven(onal Plant, which typically operate simultaneously. The Conven(onal Plant is especially effec(ve at trea(ng high-turbidity water during storm events or when raw water quality fluctuates.
The WTP’s Supervisory Control and Data Acquisi(on (SCADA) system oversees opera(ons for both facili(es. The Membrane Plant is controlled through a Zenon Control Panel located in the Control Room, which includes a ControlLogix PLC communica(ng with a remote I/O rack via ControlNet coaxial cable. An Operator Interface Terminal (OIT) provides real-(me monitoring and control and serves as the dividing point between the Membrane and Conventional Plants.
In contrast, the Conven(onal Plant relies on outdated and aging infrastructure. Opera(ons depend on a relay-based sequencing panel known as the Neptune panel, which is no longer func(oning reliably, and a hardwired control panel equipped with loop controllers, switches, and relays. This legacy system lacks automa(on, integra(on with the broader SCADA system, and remote monitoring capabili(es, resul(ng in higher maintenance demands, reduced visibility, and increased risk of operational failures.
As the City of American Canyon con(nues to grow, the WTP faces increasing challenges, including 18 aging infrastructure, rising flow volumes and treatment complexity, more stringent regulatory compliance requirements, and evolving cybersecurity threats to cri(cal infrastructure. These limita(ons hinder staff’s ability to op(mize performance across both treatment systems, respond quickly to opera(onal changes, collect and report accurate data, maintain system reliability, and safeguard against cyber risks.
A comprehensive SCADA upgrade is necessary to address these issues and prepare the facility for long-term demands. The proposed upgrade will replace obsolete infrastructure with secure, scalable systems, enhance opera(onal efficiency through improved automa(on and control logic, enable real-(me monitoring and remote alarm management, improve data integrity for regulatory repor(ng, streamline staffing and response to system events, support more effec(ve staff training, and strengthen cybersecurity in line with current best prac(ces. These improvements will ensure the WTP can continue operating reliably and efficiently as the city grows.
Update
As the project has progressed, there have been addi(onal needs iden(fied at the exis(ng water treatment plant. In addi(on to the plant upgrade, it also made sense to include the two ancillary pump sta(ons (Via Bellagio and Oat Hill) and the Oat Hill Tank to the project scope. The pumps and tank currently operate in automa(c mode, and in the event of an issue, an alarm is transmiIed via phone line to on-call opera(ons staff. Operators must then physically respond to the site to assess conditions and make manual adjustments.
Connec(ng the ancillary sites to the main water system server will allow for con(nuous remote monitoring, improved alarm visibility, and enhanced opera(onal control of the en(re water system.
This integra(on will support preventa(ve maintenance by providing real-(me system data, trend analysis, and faster response to abnormal condi(ons. Remote connec(vity will also allow opera(ons staff to remain on standby while maintaining situa(onal awareness, reducing response (me, opera(onal risk, and poten(al service disrup(ons to the different pressure zones around the City.
New pump sta(ons, such as the Oat Hill Pump Sta(on underway and the planned Zone 5 Water Pump Station, will essentially be plug and play to the upgraded system.
COUNCIL PRIORITY PROGRAMS AND PROJECTS
Organizational Effectiveness: "Deliver exemplary government services."
FISCAL IMPACT
The upgrade is funded through the adopted FY2025/26 Capital Improvement Project WA26-0200 SCADA – WTP in the amount of $250,000 from Water Opera(ons, Fund 510. The addi(onal hardware installa(on, system configura(on, and integra(on with exis(ng infrastructure changes are an(cipated to cost an addi(onal $125,000. In addi(on, approximately $25,000 in project-related expenditures were incurred during early implementa(on ac(vi(es and were not fully reflected in the current fiscal year budget at the (me the project scope was finalized. As a result, a total budget 19 increase of $150,000 is requested to fully fund the project and ensure successful comple(on of all required improvements.
Staff is recommending the following budget adjustments:
Fund Adopted FY 2025/26 Increase Total
510, Water Operations $250,000 $100,000 $350,000
520, Water Capacity Fee $0 $50,000 $50,000
Total $250,000 $150,000 $400,000
The use of water capacity fees is recommended for the por(on of SCADA improvements needed to provide real-(me system awareness and ensure reliable service for the new development on Oat Hill.
ENVIRONMENTAL REVIEW
The project has been determined to be categorically exempt from the requirements of the California Environmental Quality Act (CEQA) pursuant to Sec(on 15301 Class 1 subsec(ons (b), rela(ng to exis(ng u(lity facili(es, and (f), concerning the addi(on of safety or health protec(on devices to existing structures or facilities.
COMMUNICATION
Level 1 – Minimal Communication
Project information will be included in future water quality reports.
ATTACHMENTS:
1. Resolution - WTP SCADA
20 RESOLUTION NO. 2026-
A RESOLUTION INCREASING THE WATER TREATMENT PLANT SCADA UPGRADE (WA26-0200) PROJECT BUDGET $150,000, FROM $250,000 TO $400,000, AND AUTHORIZING THE CITY MANAGER TO AMEND AGREEMENT NO. 2025-A161 WITH TELSTAR INSTRUMENTS IN AN AMOUNT NOT TO EXCEED THE
PROJECT BUDGET
WHEREAS, the City has operated its Water Treatment Plant (WTP) using a legacy Supervisory Control and Data Acquisition (SCADA) system utilizing a Neptune Control Panel for the Conventional Water Plant since 1974 and a Zenon Control Panel for the Membrane Plant since 2003; and WHEREAS, although a software upgrade was completed in 2003, the SCADA system has become outdated, limiting the optimization of operational controls and increasing vulnerability to modern cybersecurity threats; and
WHEREAS, the WTP is a critical facility that supplies water to residential and commercial residents of American Canyon, and is essential to maintaining public health, regulatory compliance, and economic stability; and
WHEREAS, the City has determined that upgrading the SCADA system is necessary to modernize operations, enhance data collection and management, support emergency response, and meet growing demands on facility performance and security; and
WHEREAS, on August 5th, 2025, City Council authorized Resolution No. 2025-73 awarding the project to Telstar Instruments; and
WHEREAS, as the project has progressed additional work has been identified to complete the upgrades at the treatment plant as well as integrate three ancillary locations: Via Bellagio Pump Staton, Oat Hill Pump Station and the Oat Hill Tank; and
WHEREAS, the proposed SCADA upgrades at the ancillary sites in addition to the treatment plant will provide real-time monitoring and control capabilities, including remote access, alarm management, lift station monitoring, emergency coordination, and improved reporting and data analysis citywide; and WHEREAS, the additional project funding requirement is approximately $150,000, which includes costs associated with additional Telstar integration, supplemental equipment, and earlier expenses, increasing the total project budget from $250,000 to $400,000; and WHEREAS, this project has been determined to be categorically exempt from the requirements of the California Environmental Quality Act (CEQA) pursuant to Section 15301 Class 1 subsections (b), relating to existing utility facilities, and (f), concerning the addition of safety or health protection devices to existing structures or facilities.
NOW, THEREFORE, BE IT RESOLVED the City Council of the City of American Canyon does resolve as follows:
21 2
1. Increase the Water Treatment Plant SCADA Upgrade (WA26-0200) project budget $150,000, from $250,000 to $400,000 as follows:
Fund Adopted FY 2025/26 Increase Total
510, Water Operations $250,000 $100,000 $350,000
520, Water Capacity Fee $0 $50,000 $50,000
Total Project $250,000 $150,000 $400,000
2. Authorize the City Manager to amend Agreement No. 2025-A161 with Telstar Instruments in an amount not to exceed the project budget.
PASSED, APPROVED and ADOPTED at a regularly scheduled meeting of the City Council of the City of American Canyon held on the 3rd day of February, 2026 by the following vote:
AYES:
NOES:
ABSTAIN:
ABSENT:
____________________________
Pierre Washington, Mayor
ATTEST: APPROVE AS TO FORM:
____________________________ _____________________________ Taresa Geilfuss, CMC, City Clerk Teresa L. Highsmith, City Attorney 22 CITY COUNCIL AGENDA
FEBRUARY 17, 2026
STAFF REPORT
CONSENT
ITEM NUMBER: 5.
TITLE
Quarterly Investment Report for City and Fire District for Fiscal Year 2025-26 Quarter 2
RECOMMENDATION
Receive and file the City and Fire District’s Treasurer’s Report for the quarter ended December 31, 2025.
CONTACT
Jemelyn Cruz, Finance Director
BACKGROUND & ANALYSIS
The City’s Investment Policy requires the Treasurer to submit a quarterly investment report to the City Council. The report (A7achment 1) for the quarter ended December 31, 2025, includes investment transac9ons for both the City and Fire District. The report shows the City’s cash and investment book balance, including debt reserves and unspent proceeds, was $76,367,357. The Fire District’s book balance was $5,647,367.
The City’s diversified por?olio includes $11.9 million invested in the California State Treasurer’s Office Local Agency Investment Fund (LAIF), $25.2 million invested in the California Asset Management Program and $30.8 million managed by Chandler Asset Management. The funds managed by Chandler are invested in U.S. Treasury Notes, Federal Agency Securities, Asset Backed Securities, U.S. Corporate Notes, Supranational Securities, and FDIC insured Corporate Notes.
The Fire District maintains cash and investment accounts separately from the city. The book value of the district’s total por?olio is $4.8 million. All cash not needed to meet the current opera9onal requirements of the Fire District is invested with Local Agency Investment Fund (LAIF).
COUNCIL PRIORITY PROGRAMS AND PROJECTS
Organizational Effectiveness: "Deliver exemplary government services."
FISCAL IMPACT
The recommended action will have no impact on the city’s budget. 23 ENVIRONMENTAL REVIEW
Not Applicable
COMMUNICATION
Level 0: No Further Public Communication Needed
ATTACHMENTS:
1. Investment Report Dec 31, 2025
2. Chandler Investment Holdings December 31, 2025
24 Investment Report
For the Quarter Ended
December 31, 2025
City of American Canyon
Operating and Capital Funds Book Value Market Value Book Yield (1) % of Portfolio Cash - Petty/Registers 2,000 $ 2,000 $ 0.00%
Cash - Westamerica Bank 1,943,926 1,943,926 0.30% 2.78% Local Agency Investment Fund 11,972,443 11,998,561 4.20% 17.09% California Asset Management Program 25,285,744 25,285,744 3.95% 36.10% Asset Backed Securities 1,481,569 1,490,727 3.86% 2.12% Federal Agency Securities 1,611,738 1,650,346 3.53% 2.30% Collaterial Mortgage Obligations 1,585,627 1,600,085 3.86% 2.26% Corporate Notes 7,848,498 7,934,055 4.05% 11.20%
Money Market Fund 364,401 364,401 3.38% 0.52%
Cash 910 910 0.00%
Supranational 932,557 951,232 3.82% 1.33%
U.S. Treasury Notes 17,019,714 17,180,935 3.58% 24.30%
TOTAL OPERATING CASH 70,402,922 70,049,126 3.79% 100.00% Debt Reserves and Proceeds
Debt Service Reserves
602 - American Canyon Road 726,225 726,225
603 - CFD 4,902,404 4,902,404
Capital Reserve
601 - 2004 Reassessment 359,496 359,496
360 - AmCyn Road East 330,105 330,105
TOTAL DEBT & CAPITAL RESERVES 6,318,231 6,318,231
TOTAL CASH AND INVESTMENTS - CITY $ 76,367,357 $ 76,721,153 (1) The weighted average yield as operating and capital funds for the month ended December 31, 2025 was 3.79%. 25 Investment Report
For the Quarter Ended
December 31, 2025
American Canyon Fire Protection District
Description Book Value Market Value Book Yield (2) % of Portfolio Cash - Westamerica Bank $ 763,114 763,114 0.30% 13.51%
Local Agency Investment Fund 4,884,253 4,894,908 4.20% 86.49% TOTAL CASH AND INVESTMENTS - FIRE DISTRICT $ 5,647,367 $ 5,658,022 3.67% 100.00% (2) The weighted average yield for the month ended December 31, 2025 was 3.67%.
The investments, as shown above, are in conformance with the Investment Policy or bond agreements There are sufficient funds to meet the City's budgeted financial obligations for the next six months.
Submitted,
Jemelyn Cruz
Finance Director/Treasurer
26 MONTHLY ACCOUNT STATEMENT
City of American Canyon | Account #10130 | As of December 31, 2025 CHANDLER ASSET MANAGEMENT | chandlerasset.com
Chandler Team: Custodian:
US Bank
27 CONFIDENTIAL | 2
City of American Canyon | Account #10130 | As of December 31, 2025
PORTFOLIO SUMMARY
Account Summary
Credit Quality*
Total Rate of Return** 1M 3M YTD 1YR 2YRS 3YRS 5YRS 10YRS (07/01/10) City of American Canyon 0.20% 1.15% 6.13% 6.13% 2.13%
1.11% 1.62%
2.50 AA
End Values as of
11/30/2025
End Values as of
12/31/2025
Market Value
Accrued Interest
Total Market Value 31,374,610.61 31,437,718.68
Income Earned
0.00 0.00
Book Value
Cost Value
United States 55.12%
FHLMC 5.13%
Federal Home Loan Banks
Farm Credit System
1.65%
1.30%
28 CONFIDENTIAL | 3
City of American Canyon | Account #10130 | As of December 31, 2025
STATEMENT OF COMPLIANCE
Rules Name Limit Actual Compliance
Status Notes
AGENCY MORTGAGE SECURITIES
100.0 5.1
30.0 5.1
5.0 20.0
5.0 5
0.0 0.0
0.0 5.0 0.0
0.0 0.0 0.0
30.0 0.0
5.0 0.0
5.0 0.0
20.0 0.0
5.0 0.0
5.0 0.0
COMMERCIAL PAPER
25.0 0.0
5.0 0.0
0.0 0.0 0.0
CORPORATE MEDIUM TERM NOTES
30.0 25.5
5.0 5
0.0 0.0
29 City of American Canyon | Account #10130 | As of December 31, 2025
STATEMENT OF COMPLIANCE
Rules Name Limit Actual Compliance
Status Notes
20.0 0.0
5 0.0
FEDERAL AGENCIES
100.0 5.3
30.0 20.0 0.0
5 3
0.0 20.0 1.2
20.0 1.2
0.0 0.0
20.0 0.0
5.0 0.0
5.0 0.0
0.0 0.0
30.0 0.0
5.0 0.0
5 0.0
0.0 0.0
30.0 0.0
5.0 0.0
5 0.0
0.0 0.0
MUTUAL FUNDS
20.0 0.0
10.0 0.0
0.0 0.0
30 CONFIDENTIAL | 5
City of American Canyon | Account #10130 | As of December 31, 2025
STATEMENT OF COMPLIANCE
Rules Name Limit Actual Compliance
Status Notes
30.0 0.0
5.0 0.0
5 0.0
0.0 0.0
REPURCHASE AGREEMENTS
1.0 0.0
30.0 3.1
10.0 1.6
5 0.0 0.0
U.S. TREASURIES
100.0 55.1
5 31
CONFIDENTIAL | 6
City of American Canyon | Account #10130 | As of December 31, 2025
RECONCILIATION SUMMARY
Month to Date Fiscal Year to Date
(07/01/2025)
Sales
Month to Date Fiscal Year to Date
(07/01/2025)
Sales
Month to Date (450,000.00)
Fiscal Year to Date (1,775,000.00)
Month to Date (16,435.43)
Fiscal Year to Date (180,162.38)
Month to Date 938,850.22
Fiscal Year to Date 6,696,499.03
Sales
Month to Date (338,527.61)
Fiscal Year to Date (4,199,442.13)
Month to Date 134,596.95
Fiscal Year to Date 546,682.92
Month to Date (605.60)
Fiscal Year to Date (4,163.38)
32 City of American Canyon | Account #10130 | As of December 31, 2025
HOLDINGS REPORT
Cusip Par Value/
Units
Purchase Date
Purchase Yield
Cost Value Mkt Price
Mkt YTM
Market Value
Accrued Int.
% of Port.
Gain/Loss S&P/
Fitch
Maturity
Aaa/NA
AAA
1.13 0.12
10/12/2022 0.11% Aaa/NA
AAA
11/15/2022 0.13% Aaa/AAA
NA
1.62 100.60 0.06% NA/AAA
AAA
2.15 255,000.00 5.23%
NA/AAA
AAA
160,000.00 0.51% NA/AAA
AAA
150,000.00 1,156.55
Aaa/NA
AAA
3.22 101.10 Aaa/NA
AAA
3.62 Aaa/NA
AAA
NA/AAA
AAA 1.61
150,000.00 100.35 150,530.25 Aaa/NA
AAA
10/15/2025 100.11 0.61% NA/AAA
AAA 2.12
1,481,698.37 4.68%
1,481,510.00
1,481,568.76
100.61
3.86%
1,490,727.40
2,592.33
4.78%
9,158.64
3.39 1.39
AGENCY
300,000.00 301,350.00
3.50%
Aa1/AA+
AA+
3.53%
Aa1/AA+
AA+
3.55%
Aa1/AA+
AA+ 2.52
33 City of American Canyon | Account #10130 | As of December 31, 2025
HOLDINGS REPORT
Cusip Par Value/
Units
Purchase Date
Purchase Yield
Cost Value Mkt Price
Mkt YTM
Market Value
Accrued Int.
% of Port.
Gain/Loss S&P/
Fitch
Maturity
250,000.00 Aa1/AA+
AA+
3130AVBD3 250,000.00 3,500.00
Aa1/AA+
AA+
250,000.00 253,052.50 103.60
2,012.15
Aa1/AA+
AA+
3.33 Total Agency 1,610,000.00 4.42%
1,612,636.50
1,611,737.68
102.51
3.53%
1,650,345.67
14,096.60
5.29%
38,607.99
2.87 2.65
100.00 Aa1/AA+
AAA
12/15/2025 Aa1/AAA
AA+ 2.65
500,000.00 03/13/2025 1.53% Aa1/AA+
AA+ 3.51
01/25/2030 350,000.00 322,202.31
Aa1/AA+
AAA
1,650,079.73 4.32%
1,571,225.27
1,585,626.53
97.06 3.86%
1,600,084.80
4,199.66
5.13%
14,458.27
3.28 3.00
CASH
1.00 0.00
0.00%
0.00 Aaa/AAA
AAA
0.00 0.00
Total Cash 910.23
910.23
910.23
1.00 910.23
0.00 0.00%
0.00 0.00
0.00 CORPORATE
350,000.00 1.15%
1.11% A1/A+
A+
100,000.00 0.31%
3.63% 121.33
0.13% Aa2/AA
AA
300,000.00 01/25/2022
2.11%
1.03 34
City of American Canyon | Account #10130 | As of December 31, 2025
HOLDINGS REPORT
Cusip Par Value/
Units
Purchase Date
Purchase Yield
Cost Value Mkt Price
Mkt YTM
Market Value
Accrued Int.
% of Port.
Gain/Loss S&P/
Fitch
Maturity
135,000.00 A2/A
A 1.00
03/01/2022
A 1.13
220,000.00 2.30% 3.65%
Aa2/AA
A+
1.20 1.16
023135CF1 150,000.00 A1/AA
1.23 325,000.00 5.15%
1.02% A2/A
NA 1.25
65,000.00 05/16/2022 0.21% A3/BBB+
A 1.32
2,502.00
A2/A
A+
1.61 1.53
3.60%
Aa2/AA
AA 1.52
06051GGF0 200,000.00 5.53%
2.05 1.00
250,000.00 2,055.56
A1/A+
NA 2.15
250,000.00 5.10%
A1/A
NA
2.33 2.20
50,000.00 3.66%
0.16% Aaa/AA+
NA
2.36 200,000.00 5.33%
102.61 205,216.60 0.66%
A
2.52 200,000.00 0.65% A1/A
305,000.00 1.00% A1/A+
NA
300,000.00 102.65 A1/A
NA
3.16 300,000.00 102.25
A+
3.30 2.13
35 CONFIDENTIAL | 10
City of American Canyon | Account #10130 | As of December 31, 2025
HOLDINGS REPORT
Cusip Par Value/
Units
Purchase Date
Purchase Yield
Cost Value Mkt Price
Mkt YTM
Market Value
Accrued Int.
% of Port.
Gain/Loss S&P/
Fitch
Maturity
300,000.00 5.26%
1.00% A3/A
A
105,000.00 102.52 0.35%
3,122.02
A2/A
A 3.12
300,000.00 5,533.33 NA 3.20
300,000.00 102.21 A2/A
A
3.62 200,000.00 101.03 0.65% A1/A
350,000.00 02/26/2025 1.05%
6,533.12
Aa3/A
NA
320,000.00 6,336.00
1.06% A2/NA
A 3.55
350,000.00 102.33
5,655.10
1.15% Aa3/A
3.62 03/15/2030
350,000.00 102.00 1.15%
INC 2.05 05/15/2030 350,000.00 11/13/2025321,163.31
1.03% A2/A
NA
250,000.00
350,000.00 101.05 1.13% A1/A
A+
Total Corporate 7,935,000.00 4.25%
7,790,673.80
7,848,497.91
100.07
4.05%
7,934,054.94
90,420.27
25.45%
85,557.03
2.91 2.48
FUND
1.00 0.00 0.00
Aaa/
AAAm
AAA
0.00 0.00
Total Money
Market Fund 364,401.28 3.38%
364,401.28
364,401.28
1.00 3.38%
364,401.28
0.00 1.17%
0.00 0.00
0.00 36
CONFIDENTIAL | 11
City of American Canyon | Account #10130 | As of December 31, 2025
HOLDINGS REPORT
Cusip Par Value/
Units
Purchase Date
Purchase Yield
Cost Value Mkt Price
Mkt YTM
Market Value
Accrued Int.
% of Port.
Gain/Loss S&P/
Fitch
Maturity
SUPRANATIONAL
210,000.00 Aaa/AAA
NA
2.53 2.36
130,000.00 Aaa/AAA
NA
2.53 2.33
300,000.00 3.63%
Aaa/AAA
NA
3.13 300,000.00 Aaa/AAA
NA
Total
940,000.00 4.36%
927,297.70
932,556.58
101.20
3.65%
951,232.19
14,327.29
3.05%
18,675.61
3.26 2.98
US TREASURY
650,000.00 2.05% Aa1/AA+
AA+
10/31/2026 500,000.00 3.62%
Aa1/AA+
AA+
12/15/2026
02/26/2025
3.53%
Aa1/AA+
AA+
100.62
3.53% 2,203.06
Aa1/AA+
AA+ 1.03
350,000.00 325,035.16
3.53%
1.11% Aa1/AA+
AA+
1.25 1.20
06/13/2022
3.50%
Aa1/AA+
AA+
1.33 325,000.00 05/30/2025 101.33 1.06% Aa1/AA+
AA+ 1.31
Aa1/AA+
AA+
1.50 101.33 Aa1/AA+
AA+
37 CONFIDENTIAL | 12
City of American Canyon | Account #10130 | As of December 31, 2025
HOLDINGS REPORT
Cusip Par Value/
Units
Purchase Date
Purchase Yield
Cost Value Mkt Price
Mkt YTM
Market Value
Accrued Int.
% of Port.
Gain/Loss S&P/
Fitch
Maturity
250,000.00 3.36%
Aa1/AA+
AA+
12/20/2022 Aa1/AA+
AA+ 1.65
101.11 Aa1/AA+
AA+
02/26/2025 1.30% Aa1/AA+
AA+
01/26/2023
3.62%
Aa1/AA+
AA+
2.00 300,000.00 Aa1/AA+
AA+
2.13 2.02
02/26/2025 1.30%
5,116.00
Aa1/AA+
AA+
2.16 2.03
3.63% 3.50% 1,251.11
Aa1/AA+
AA+
2.25 2.12
3.61% 3.51%
Aa1/AA+
AA+
2.33 2.20
250,000.00 06/15/2023 100.26
3.51%
Aa1/AA+
AA+
3.51%
Aa1/AA+
AA+
102.11
3.53%
Aa1/AA+
AA+
3.53%
Aa1/AA+
AA+
350,000.00 12/21/2023
3.55%
1.15% Aa1/AA+
AA+
3.56%
Aa1/AA+
AA+
300,000.00 102.02 Aa1/AA+
AA+
3.16 101.66 1.30% Aa1/AA+
AA+
3.25 103.23 1.32% Aa1/AA+
AA+
3.33 3.05
38 CONFIDENTIAL | 13
City of American Canyon | Account #10130 | As of December 31, 2025
HOLDINGS REPORT
Cusip Par Value/
Units
Purchase Date
Purchase Yield
Cost Value Mkt Price
Mkt YTM
Market Value
Accrued Int.
% of Port.
Gain/Loss S&P/
Fitch
Maturity
350,000.00 3.60%
360,062.50 1.16% Aa1/AA+
AA+ 3.13
102.11
3.60%
Aa1/AA+
AA+
3.50 3.23
350,000.00 3.61%
Aa1/AA+
AA+ 3.26
500,000.00 3.52% 3.62%
Aa1/AA+
AA+
325,000.00 3.63%
Aa1/AA+
AA+
325,000.00 1.06% Aa1/AA+
AA+
300,000.00 3.65%
Aa1/AA+
AA+
3.65% 51.36
Aa1/AA+
AA+ 3.65
01/31/2030
02/26/2025 102.22
3.66%
1.31% Aa1/AA+
AA+ 3.66
03/10/2025 1.30% Aa1/AA+
AA+
1.21%
6,005.56
Aa1/AA+
AA+
05/31/2030
06/23/2025 1.22% Aa1/AA+
AA+
06/30/2030
Aa1/AA+
AA+
325,000.00 1.05% Aa1/AA+
AA+
1.20% Aa1/AA+
AA+
10/30/2025 1.20% Aa1/AA+
AA+
10/31/2030 315,000.00 10/30/2025 1.01% Aa1/AA+AA+
Total US Treasury 17,060,000.00 3.81%
16,973,376.47
17,019,713.89
100.73
3.58%
17,180,934.72
139,391.31
55.12%
161,220.83
2.78 2.57
39 City of American Canyon | Account #10130 | As of December 31, 2025
HOLDINGS REPORT
Cusip Par Value/
Units
Purchase Date
Purchase Yield
Cost Value Mkt Price
Mkt YTM
Market Value
Accrued Int.
% of Port.
Gain/Loss S&P/
Fitch
Maturity
31,042,089.62 4.03%
30,722,031.25
30,845,012.85
99.31 3.72%
31,172,691.22
265,027.46
100.00%
327,678.36
2.86 2.50
Total Market Value
+ Accrued 31,437,718.68
40 CITY COUNCIL AGENDA
FEBRUARY 17, 2026
STAFF REPORT
BUSINESS
ITEM NUMBER: 6.
TITLE
Annual Comprehensive Financial Report and Year-end Financial Results
RECOMMENDATION
Receive the dra* Annual Comprehensive Financial Report and related communica+ons from the City's external auditor for Fiscal Year 2024-25.
CONTACT
Jemelyn Cruz, Finance Director
BACKGROUND & ANALYSIS
A*er the conclusion of each fiscal year, an independent auditor (currently Chavan and Associates, LLP) reviews the repor+ng of the City’s financial statements in accordance with industry accoun+ng standards. The result is an “Annual Comprehensive Financial Report (ACFR)”.
The City’s Fiscal Year 2024-25 ACFR will be finalized on February 28, 2026 (Dra* in A?achment 1). It includes financial statements for the City of American Canyon and the American Canyon Fire Protec+on District. It also contains the independent auditor’s report, which describes the scope of the audit as well as the auditor’s opinion on the financial statements. For the Fiscal Year 2024-25 ACFR, the City received an “unmodified” opinion. An “unmodified” opinion is only issued when there are no significant repor+ng issues, the financial statements are free of material misstatements, and informa+on is presented in accordance with Generally Accepted Accoun+ng Principles (GAAP). This opinion indicates that the City’s financial condi+on, posi+on, and opera+ons are fairly presented in the financial statements. This is important to financial statement users and provides comfort to the City’s creditors, while enabling the City to obtain better interest rates on any new debt issuances.
City management assumes full responsibility for the completeness and reliability of all of the informa+on presented in the ACFR. The City has established a comprehensive internal control framework designed to protect the City’s assets from loss, the*, or misuse and provide sufficient reliable informa+on that the City of American Canyon’s financial statements are in conformity with GAAP. The cost of internal controls should not outweigh the resul+ng benefits, and internal controls are designed to provide reasonable assurance, not absolute assurance, that the financial statements will be free from material misstatements. City management asserts that, to the best of our knowledge and belief, the financial report is complete and reliable in all material respects. 41 The Fiscal Year 2024-25 ACFR includes an introductory sec+on that profiles the City, discusses the local economy, recounts key projects, and details financial planning issues and future challenges, as well as other vital topics. Included in the report is the Cer+ficate of Achievement for Excellence in Financial Repor+ng presented to the City by the Government Finance Officers Associa+on for its prior year (Fiscal Year 2023-24). Staff will submit the Fiscal Year 2024-25 ACFR for the same award and expects to receive it in time for presentation in next year’s ACFR.
The ACFR also includes a “Management Discussion and Analysis” sec+on, which provides financial highlights, an overview of the financial statements, and compares key financial data to the prior year. The conclusion of the report details a variety of supplemental financial data, debt and demographical sta+s+cs. Also included are four related communica+ons: “Management Le?er”, “Governance Le?er”, “Appropria+on Limit Tes+ng for the City”, and “Appropria+on Limit Tes+ng for the Fire District”. In these le?ers, the auditors iden+fied no material deficiencies in internal controls.
The “Management Le?er” noted ma?ers for considera+on that staff will be working on implementing in the next ACFR.
Year-end Financial Reporting
The results of the FY 2024-25 opera+ons showed General Fund revenues missed budgeted revenues by $2.3 million, however expenditures came under budget by $2.8 million. The large variances in budgeted revenues to actuals were in the areas of property tax ($0.9 million), charges for services ($0.5 million) mainly due to developer billing ac+vity, other taxes ($0.4 million) which is mostly comprised of TOT, license and permits ($0.4 million).
General Fund expenditures were less than an+cipated by ($2.8 million). The major categories with budgetary savings were salaries and benefits ($0.5 million) resul+ng from con+nued vacancies, supplies and services ($1.3 million), and other services ($0.2 million), and capital outlay ($0.4 million). Many of the savings in associated with services offset the decreases in revenues, as less revenue collected for permits result in less contract work expense for plan check, building permits, and developer billings. Overall, a*er transfers in and transfers out, the General Fund ended with a deficit of $120,765.
Other major funds are the City's Enterprise Funds, water, wastewater and recycled water funds.
A*er transfers in and out the water enterprise funds had a decrease in net posi+on of $1.7 million, the wastewater enterprise funds had a decrease in net posi+on of $0.5 million and the recycled water enterprise had a decrease of $0.7 million. Detailed informa+on on all the City's funds can be found in a?achment 1 - City of American Canyon dra* 2025 ACFR. Staff an+cipates a final ACFR to be published on the City's website by February 28, 2026.
COUNCIL PRIORITY PROGRAMS AND PROJECTS
Organizational Effectiveness: "Deliver exemplary government services." 42 FISCAL IMPACT
The cost of the audit was consistent with the approved contract amount, and the recommended ac+on will have no impact on the City's Fiscal Year 2025-26 Budget. A full discussion of the City’s financial status starts on Page 4 of the Fiscal Year 2024-25 ACFR.
Implied in all City Council Goals, Objec+ves, and Work Programs is the fundamental principle that the City will follow the City Council’s adopted Fiscal Policy and will exercise the utmost financial discipline and accountability. In accordance with the City’s adopted Fiscal Policy and pursuant to Sec+on 37208 of the Government Code, the City Manager is responsible for preparing an audited Annual Comprehensive Financial Report each year.
ENVIRONMENTAL REVIEW
Not applicable.
ATTACHMENTS:
1. City of American Canyon Draft Annual Comprehensive Financial Report FY 2024-25
2. City of American Canyon Management Letter FY 2024-25
3. City of American Canyon Governance Letter FY 2024-25
4. City of American Canyon Appropriations Limit Report FY 2024-25
5. American Canyon Fire Protection District Appropriations Limit Report FY 2024-25 43 American Canyon, CA
www.americancanyon.gov
For Fiscal Year Ended June 30, 2025
City of American Canyon and
American Canyon Fire Protection District
Annual Comprehensive
Financial Report
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45 American Canyon, California
Napa County
City of
American
Canyon
CITY OF AMERICAN CANYON
AND
AMERICAN CANYON FIRE PROTECTION DISTRICT
ANNUAL COMPREHENSIVE FINANCIAL REPORT
for the fiscal year ended June 30, 2025
Prepared by the Finance Department
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47 CITY OF AMERICAN CANYON
ANNUAL COMPREHENSIVE FINANCIAL REPORT
FOR THE YEAR ENDED JUNE 30, 2025
TABLE OF CONTENTS
INTRODUCTORY SECTION
Transmittal Letter ............................................................................................................................1 Directory of City Officials ...............................................................................................................10 Organizational Chart ......................................................................................................................11 GFOA Certificate of Achievement for Excellence in Financial Reporting ........................................12
FINANCIAL SECTION
Independent Auditor’s Report .....................................................................................................15 Management’s Discussion and Analysis .......................................................................................21 Basic Financial Statements:
Government-Wide Financial Statements:
Statement of Net Position ....................................................................................................34 Statement of Activities........................................................................................................35 Fund Financial Statements
Governmental Funds:
Balance Sheet................................................................................................................40 Reconciliation of the Government Funds Balance Sheet
to the Government-Wide Financial Statement of Net Position ....................................42 Statement of Revenues, Expenditures and Changes in Fund Balances..............................44 Reconciliation of the Governmental Funds Statement of Revenues, Expenditures and Changes in Fund Balances to the Government-Wide Statement of Activities .............................................................................................46 Proprietary Funds:
Statement of Net Position ..............................................................................................48 Statement of Revenues, Expenses, and Changes in Fund Net Position .............................49 Statement of Cash Flows................................................................................................50 Fiduciary Funds:
Statement of Fiduciary Net Position ...............................................................................52 Statement of Changes in Fiduciary Net Position .............................................................53 Notes to Basic Financial Statements..........................................................................................56 Required Supplementary Information (Unaudited):
Schedule of Revenues, Expenditures and Changes in Fund Balances – Budget and Actual (GAAP Basis):
General Fund .................................................................................................................... 101 Fire District Operations Fund ............................................................................................ 102 CDBG, CalHome and HOME Loan Development Fund ...................................................... 103 State and Federal Grants City Fund ................................................................................... 104 Schedule of Pension Contributions:
City Miscellaneous Plan.......................................................................................................... 105 Fire Miscellaneous Plan .......................................................................................................... 105 Fire Safety Plan ...................................................................................................................... 106 48 CITY OF AMERICAN CANYON
ANNUAL COMPREHENSIVE FINANCIAL REPORT
FOR THE YEAR ENDED JUNE 30, 2025
TABLE OF CONTENTS
Schedule of Proportionate Share of Net Pension Liability:
City Miscellaneous Plan.......................................................................................................... 107 Fire Miscellaneous and Safety Plan ......................................................................................... 108 Schedule of OPEB Contributions:
City Plan ................................................................................................................................ 109 Fire Plan................................................................................................................................. 110 Schedule of Changes in the Net OPEB Liability:
City Plan ................................................................................................................................ 111 Fire Plan................................................................................................................................. 112 Supplementary Information:
Schedule of Revenues, Expenditures and Changes in Fund Balances – Budget and Actual (GAAP Basis):
City Capital Projects Fund...................................................................................................... 115 Affordable Housing Capital Projects Fund .............................................................................. 116 Nonmajor Governmental Funds:
Combining Balance Sheet............................................................................................................. 119 Combining Statement of Revenues, Expenditures and Changes in Fund Balances........................... 126 Schedule of Revenues, Expenditures and Changes in Fund Balances – Budget and Actual (GAAP Basis)............................................................................................................. 133 Internal Service Fund:
Combining Statement of Net Position ........................................................................................... 162 Combining Statement of Revenues, Expenses and Changes in Net Position .................................... 163 Combining Statement of Cash Flows .............................................................................................................. 164 Fiduciary Funds:
Custodial Funds:
Combining Statement of Fiduciary Net Position ...................................................................... 166 Combining Statement Changes in Fiduciary Net Position......................................................... 167
STATISTICAL SECTION
Summary Table of Contents ............................................................................................................... 171 Financial Trends:
Net Position by Component .......................................................................................................... 173 Changes in Net Position ............................................................................................................... 174 Fund Balances of Governmental Funds ......................................................................................... 176 Changes in Fund Balances of Governmental Funds ....................................................................... 177 Revenue Capacity:
Own Source Tax Revenue by Source ............................................................................................ 178 Assessed Value of Taxable Property ............................................................................................. 179 Direct and Overlapping Property Tax Rates .................................................................................. 180 2024/25 Top Ten Property Taxpayers ........................................................................................... 181 2015/16 Top Ten Property Taxpayers ........................................................................................... 182 Property Tax Levies and Collections ............................................................................................ 183 49 CITY OF AMERICAN CANYON
ANNUAL COMPREHENSIVE FINANCIAL REPORT
FOR THE YEAR ENDED JUNE 30, 2025
TABLE OF CONTENTS
Debt Capacity:
Ratios of Outstanding Debt by Type ............................................................................................. 184 Ratios of General Bonded Debt Outstanding ................................................................................. 185 Computation of Direct and Overlapping Debt ............................................................................... 186 Computation of Legal Debt Margin .............................................................................................. 187 Pledged-Revenue Coverage .......................................................................................................... 188 Demographic and Economic Information:
Demographic and Economic Statistics .......................................................................................... 189 Principal Employers..................................................................................................................... 190 Operating Information:
Full-Time Equivalent City Government Employees by Function/Program ...................................... 191 Operating Indicators by Function/Program.................................................................................... 192 Capital Asset Statistics by Function/Program................................................................................ 193 50 Page Intentionally Left Blank
51 INTRODUCTORY SECTION
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53 January 31, 2026
To the Honorable Mayor, Members of the City Council and Citizens of the City of American Canyon We hereby submit the Annual Comprehensive Financial Report of the City of American Canyon for the fiscal year ended June 30, 2025. The fiscal year covers financial transactions from July 1, 2024 to June 30, 2025 on a modified or full accrual basis, depending on the fund type. The City follows a policy of preparing a complete set of financial statements in conformity with accounting principles generally accepted in the United States of America after the end of each fiscal year. An independent licensed certified public accounting firm audits these financial statements.
City management assumes full responsibility for the completeness and reliability of all of the information presented in this report. The City has established a comprehensive internal control framework that is designed both to protect the City's assets from loss, theft, or misuse and provides sufficiently reliable information that the City of American Canyon's financial statements are in conformity with U.S. generally accepted accounting principles. The cost of internal controls should not out-weigh their benefits and the internal controls are designed to provide reasonable rather than absolute assurance that the financial statements will be free from material misstatement. City management asserts that, to the best of our knowledge and belief, this financial report is complete and reliable in all material respects.
Chavan and Associates LLP, a licensed certified public accounting firm, has audited the City of American Canyon's financial statements. The goal of the independent audit was to provide reasonable assurance that the financial statements of the City of American Canyon, for the fiscal year ended June 30, 2025, are free of material misstatement. The independent audit involved examining, on a test basis, evidence supporting 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. Chavan and Associates LLP has concluded, based upon the audit, that there was a reasonable basis for rendering an unmodified opinion ("clean" opinion) that the City of American Canyon's financialstatements for the fiscal year ended June 30, 2025 are fairly presented in conformity with U.S. generally accepted accounting principles. The independent auditor's report is presented as the first component of the financial section of this report.
Annual Comprehensive Financial Report (ACFR)
This ACFR contains financial information and data using the financial reporting format established for governments by the Governmental Accounting Standards Board (GASB). The GASB sets accounting 54 and financial reporting standards for governments in the United States of America. The financial reporting standards require that management provide a narrative introduction, overview, and analysis to accompany the basic financial statements in the form of Management’s Discussion and Analysis (MD&A). This letter of transmittal is designed to complement the MD&A and should be read in conjunction with it.
Immediately following the report of the independent auditors, you will find the City of American Canyon's MD&A.
Profile of the City and its Operations
Incorporated on January 1, 1992, the City of American Canyon is the second largest city in Napa County.
The City's population as of January 1, 2025, was estimated to be 22,396 by the California State Department of Finance. American Canyon is located at the Southern end of the Napa Valley wine growing region near the San Francisco Bay. It is bounded by the Napa River and a 500-acre wetland preserve to the west, the foothills of the Sulphur Springs Mountain Range to the east, the City of Vallejo to the south, the Napa Airport to the north.
The City operates under a council-manager form of government and is a general law city. Policy making and legislative authority are vested in the City Council. There are four elected Council Members and one elected Mayor. The Vice Mayor is selected annually by the Council. The non-partisan Mayor and City Council members serve staggered four-year terms. The Council's responsibilities include passing ordinances, adopting the City budget, appointing committees, and hiring the City Manager, Fire Chief and City Attorney. The City Manager implements the policies and ordinances of the City Council, appoints department heads, oversees and maintains the daily operations of the City.
The City provides a full range of municipal services including police and fire protection services through the American Canyon Fire Protection District; construction and maintenance of City streets, storm drains, bridges and similar infrastructure type assets; park maintenance and community recreation activities; short and long-range community planning; operation of water, wastewater, and recycled water utilities; and more. The City operates its water, wastewater, and recycled water systems in a fashion similar to private businesses, which is termed business-type activities in the financial statements.
The City's annual budget serves as the foundation for the City of American Canyon's financial planning and control system. Every year, each City department submits requests for appropriations to the City Manager. The City Manager uses these requests as a starting point for developing a proposed budget.
The City Manager then presents the proposed budget to the City Council's Finance Committee followed by a presentation to the City Council. The Council holds public hearings on the proposed budget and then ultimately adopts a formal budget. The budget is adopted by fund, function, and department.
During the fiscal year the City Manager and Council periodically review the City's actual financial activity in relationship to the original budget, and as necessary, amends the original budget to reflect changing needs.
55 Factors affecting Financial Condition
The information presented in the financial statements is best understood when it is considered in context with the City's particular economic climate and with the City's plans for the future.
Napa Valley is considered by many to be North America's legendary wine, food, and wellness capital.
The valley's vineyards are planted on gently rolling hills and are very picturesque. Their bucolic charm attracts large numbers of tourists. It is estimated that each year 5 million tourists visit more than 300 wineries scattered throughout the valley. The lodging, restaurants, wineries, and shopping located throughout the valley make tourism a major contributor to the local economy. The City of American Canyon, at the south end of Napa Valley, benefits from some tourism; however, these economic benefits are enjoyed much more by those cities up valley. In 2010 the City joined the Napa Valley Tourism Improvement District (NVTID) to increase tourism in American Canyon. The NVTID provides valley-wide as well as local tourist activity marketing and promotion.
In addition to the tourism related economic benefits of proximity to the Napa Valley, American Canyon benefits tremendously as a wine processing hub. Because of our strategic location at the southern end of Napa County and with easy access to state and interstate highways, American Canyon's industrial district is home to millions of square feet of wine processing, bottling, storage, and distribution space. Demand for space in this area is very high, with very little vacancy and new development currently under review.
Property tax revenues remain steady with the traditional Prop 13 increases. Two new residential subdivisions are underway with new homes selling each month. Currently scheduled for completion in Spring 2026 is a fourth hotel in the city, two additional hotels are scheduled to be constructed in the next few years, further contributing to TOT revenues. The outlook currently remains stable in American Canyon due to the factors mentioned above, however greater economic variables like mortgage rates and inflationary pressures can impact sales tax and property tax revenues.
The passing of the American Rescue Plan Act (ARPA) of 2021 provided $350 billion in additional funding to state and local governments. The City received $4.9 million in ARPA funds and utilized the funds to improve infrastructure and parks. Street, pedestrian and bike safety improvements were completed in 2023, a new skate park was completed in Spring 2024. Several major paving and utility improvement projects are scheduled to commence in 2025 utilizing ARPA funding.
The City and employee bargaining units completed Memorandum of Understanding’s (MOU’s) in 2022 for five years terms after a one-year extension to the previous MOUs. The new MOUs will have a continued impact on salaries and benefits in the coming years, however it allows the City to remain competitive in the job market as unemployment remains at historical lows at the local and state levels.
Approximately 49% of general fund revenue received is from property taxes and is critical in supporting the cost of essential services provided by the City. For FY 2024-25 the City budgeted a 7.7% increase in property taxes, with actuals for the year increasing 2.4%. This increase reflects a combination of factors:
56 the allowable 2% CPI limit under Proposition 13, growth in overall assessed home values driven by new development and home sales, partially offset by a decline in commercial property values. Several residential developments are still underway as well as some commercial and industrial properties.
American Canyon home values have had a median increase in value of 5.15% through July 2025 on top of the 2024 increase of 1.90%, with the median home value now at $735,000. With developable land selling and construction continuing throughout the City, further increases in assessed valuation and property tax revenues are expected in the next couple of years. New construction will also mean an increase in plan review and building permit revenue. City finance staff continue to monitor elevated interest rates which could result in downward pressures to selling prices and reduced transactions as buyers get priced out. The home mortgage market will continue to see prolonged high interest rates as long as inflation remains high, with the Federal Reserve signaling their preferred inflation target rate remains at 2% and will proceed with caution.
The City's Transient Occupancy Tax (TOT) rate is 12%. TOT revenues for FY 2024-25 decreased 8.8% from last year to $1.3 million, attributed to a decrease in leisure travel and discretionary spending as higher inflation rates stressed household budgets. For FY 2025-26, we have projected minimal growth in existing properties but with the addition of the fourth hotel, FY 2025-26 revenues are budgeted at $1.9 million. Longer term, we expect that American Canyon will continue to benefit from tourism in the Napa Valley and anticipate an increase in leisure spending if inflation continues to cool. We also expect additional hotel rooms currently under construction in American Canyon now and in the next three years will bring additional TOT revenue.
Sales tax revenues for FY 2024–25 totaled $3.9 million, reflecting a 10% decline from the prior year. This decrease is primarily attributed to a major taxpayer vacating a warehouse in February 2025. For FY 2025– 26, revenues are projected to further decline to approximately $3.4 million as the full-year impact of this change is realized.
Staff will continue to closely monitor, and review updated economic forecasts for any new developments that may positively or negatively affectthe City's budget.
Capital Improvement Program
The City of American Canyon's capital improvement program is a long-range program for major municipal construction projects. Key projects recently completed and currently in progress include:
Knightsbridge Way Reconstruction and Water Main Improvements – The City is undertook a project to replace the 8" water main on Knightsbridge Way between Danrose Drive and Elliott Drive, including all the cul-de-sac streets: Regent Court, Park Lane, Lansford Court, Arden Court, and Linwood Lane. To maximize efficiency, once the underground work is complete, this project will also include the installation of ADA ramps, asphalt grind and inlay/overlay and cold-in-place recycling on Knightsbridge Way, and asphalt grind and inlay on the cul-de-sac streets. This project was awarded for construction in November 2024 and construction was completed in August of 2025.
57 Green Island Road Reconstruction – The Green Island Road Reconstruction & Widening Project will bring much-needed infrastructure improvements to the Green Island Industrial District. The upgrades will significantly benefit the businesses within the district, which are a vital component of the City’s economy. Established in 2019, the Green Island Road Community Facilities District will provide a significant portion of the funding for the project. In 2023, construction began on the undergrounding of existing overhead utilities. The construction contract was awarded to St.
Francis Electric and work was completed in fall 2024. The utility companies are anticipated to complete conversion and removal of all overhead utilities and poles by early 2025. The final phases of the project—road reconstruction and Class I multi-use trail construction—began construction in 2025, with estimated project completion in late 2026. Pavement Rehabilitation Projects – Road Repair and Accountability Act (also known as SB1) and Measure U, (the half cent Napa Valley County Sales Tax for Road Repairs) funds will be used to repair/rehabilitate various streets in American Canyon on an annual basis. The streets selected are based on our pavement management program, considering public safety, underground utility needs, and available funding. Projects included manhole rehabilitation and extensive sewer main repairs.
Rancho Del Mar Paving and Utility Improvements – The Rancho Del Mar Subdivision is the oldest subdivision in American Canyon. In 2022, City Council prioritized federal American Rescue Plan Act (ARPA) funding to rehabilitate water and sewer utilities, provide for different pavement treatments including micro milling, dig out repairs, crack sealing, asphalt rubber cape seal, and full depth replacement of asphalt along Rio Del Mar, upgrade curb ramps to ADA compliance, and new signage and striping. Streets included in this work are Rio Del Mar from Highway 29 to Carolyn Drive, all of Los Altos Place east of Carolyn Drive, Cassayre Drive, Flamingo Court, Del Rio Court, Alta Loma Drive, Joan Drive from Carolyn Drive to Los Altos Place, and Carolyn Drive from Rio Del Mar to Los Altos Place. Design began in 2023 and was completed in fall 2024.
Construction began in spring 2025 and plan to be completed by November 2025.
New Development
Key development projects include:
Broadway District Specific Plan – The Broadway District is the heart of American Canyon. The Broadway District Specific Plan (BDSP) is transforming Broadway into a livable, mixed-use, small-town neighborhood with quality development. Current development projects in the BDSP include the following:
o Chicken Guy Restaurant - A drive-thru quick serve restaurant opened in January 2025. o Home2Suites Hotel - A new 102-room hotel is anticipated to be completed in early January 2026. o Sun Square - A mixed use residential/commercial project of 20 apartments located on Napa Junction Road is anticipated to begin construction in 2026 o Hampton Inn Hotel - A new 112-room Hampton Inn hotel construction is anticipated to begin in 58 2026.
o Crawford Way Townhomes - A 100-unit townhome project approved by the Planning Commission in May 2025 has construction document permits under review. Watson Ranch – An updated 300-acre Watson Ranch Specific Plan (WRSP) was approved in 2023 and includes a new hotel, 1,253 residential units, parks, and other amenities. Current development projects in the WRSP include the following:
o Watson Ranch lot 8 – 25 single family homes are under construction. o Watson Ranch lot 7 – 136 single family homes are under construction. o Artisan at Watson Ranch - 98 single-family homes is complete. o Harvest at Watson Ranch - 219-unit single family homes. The majority of the project is complete or under construction.
o Lemos Pointe - A 186-unit affordable rental community was completed in June 2024. o The Hotel at the Napa Valley Ruins & Gardens - A 200-room resort hotel and 30 townhomes and flats were approved in January 2023.
o Napa Valley Ruins and Gardens (NVRG) Quarry Lake and Fig Tree Amphitheaters – Two outdoor amphitheaters were approved in May 2023.
o Promontory at Watson Ranch - 216 single family homes with Accessory Dwelling Unit (ADU) options were approved in August 2023. A final map was approved in December 2025. Napa Logistics Park - The Napa Logistics Park was built out in 2024 with completion of a 200,000 SF Amazon Distribution Center in September 2021 (Building 3); Building 4, a 700,000 SF warehouse completed in March 2021; and a Pacific Gas and Electric (PG&E) 100,000 SF Regional Maintenance facility completed in April 2024.
Commerce Court - A 330,000 SF wine warehouse at 1005 Commerce Court on 15.24 acres was completed October 2020; a 217,000 SF wine warehouse at 1075 Commerce Court on 10.35 acres was completed October 2024; and a 220,000 square foot wine warehouse at 1055 Commerce Court on
10.17 acres, approved November 2024, has construction permits under review. Giovannoni Logistics Center – A 2.4 million SF high cube wine warehouse business park on 208-acres, north of Green Island Road was approved in March 2023. Phase 1 grading is anticipated to break ground in 2026.
Canyon Estates – A 35-single family large lot subdivision has been purchased by Richmond American Homes for 33 lots. Home construction plans are under review. Oat Hill Residential – A 291-unit, 20-acre multifamily development on the east side of Oat Hill is under construction.
Green Island Solar Farm - A solar farm with associated RV storage proposed on Highway 29, north of Green Island Road is under construction.
59 Ecological Center- An exciting project to transform the Wetlands Edge Corporation Yard into an Ecological Education Center through a partnership between the American Canyon Community Parks Foundation and the City of American Canyon was approved in December 2023.
Paoli/Watson Lane Annexation
The City applied to Napa County Local Agency Formation Commission (LAFCO) to annex 85 acres at the City’s northeast boundary in August 2025. The annexation would facilitate construction of Newell Road from its terminus in Watson Ranch to Highway 29. An Environmental Impact Report that evaluates the project was certified, the General Plan was amended, and Pre-Zoning was approved in February 2024.
General Plan Update
A comprehensive General Plan Update (GPU) was approved in May 2025 in conjunction with zoning map amendments for consistency with the General Plan. An Environmental Impact Report that evaluates the GPU was certified. The City Council ratified a camera-ready General Plan in November 2025. Separately, the 6th Cycle Housing Element component of the General Plan was approved in January 2023 certified by the State Department of Housing and Community Development (HCD) in May 2023.
Water System
The critical droughts from 2020-2022 brought to the forefront the City's need to continue to seek out permanent, reliable water sources to serve its residents and businesses. The City receives nearly all of its water from the Department of Water Resources' (DWR) State Water Project (SWP). Generally, this "raw water" is treated at the City's Water Treatment Plant (WTP) and then distributed to residents and businesses in the City's Water Service Area (which is larger than the City limits proper). The City also maintains connections with the Cities of Napa and Vallejo, who are able to provide treated water supplies if necessary. The City's Urban Water Management Plan demonstrates that the City has sufficient water to meet projected needs in the next 20 years. However, the City could benefit from a greater variety of water sources, better water quality, and less expensive water sources. As such, the City is pursuing several important options, including participation in new, regional surface water projects and potable re-use of recycled water from our Water Reclamation Facility. In recent years, the City has invested heavily in maximizing both the water quality and quantity of recycled water produced at the Water Reclamation Facility. The City has been successful in reducing demand for potable water by as much as 21-acre feet per year through conversion of potable water, uses for irrigation to recycled water and permanent changes to landscape and irrigation techniques.
In 2017, the City joined as a member of the Sites Reservoir Project. The Sites Project is a new proposed “off-stream” water storage reservoir that would hold approximately 1.8 million-acre feet. In fiscal year 2024-25, the City will continue to participate on the project team that is pursuing funding and ultimately, construction of this new water supply project. The City’s share of the Sites Reservoir Project is 4,000- acre feet per year.
In April 2024, the City Council authorized new water, sewer and recycled water rates beginning January 2025. Rates will increase in each of the subsequent five years, with the last increase implemented in January 2029. Prior to the adoption of the rate study, there was no established recycled water rates and charges. The rate increases are required to meet operational requirements, construct improvements to existing aging infrastructure, and to establish funding necessary to pay for additional water purchases. SCADA Improvements – The Water Treatment and Water Reclamation facilities have been 60 undergoing an upgrade to their Supervisory, Control and Data Acquisition System (SCADA). The system monitors and controls complex processes in real-time as well as collects data from the many sensors within the system. This allows operators to send commands to adjust any setting, start or stop equipment, or change flow rates. The system notifies operators of any issues, maintains data, increases performance, and will optimize operation at both facilities. Water Refill Station – The City promotes the use of recycled water by our contractors, field irrigation, and commercial users. A system has been set up where patrons can obtain recycled water for a minimal fee based on volume.
Water Treatment Shop – The Water Treatment Plant has been in need of a storage shop for the housing of supplies and equipment that are light and environmentally sensitive. Proper storage of meters, valves, and piping is essential to the timely response to repairs. The new containment area will increase accessibility to supplies that are in working order and prevent unnecessary delays and spending on supplies.
Sludge Removal – The Sludge Removal and Hauling at the Water Reclamation Facility project will allow the city to maintain compliance with State Senate Bill 1383 (SB 1383) by removing biosolids generated at the facility. SB 1383 mandates the reduction of organic waste in landfills, including wastewater biosolids. The project will remove approximately 600 dry tons of Class B biosolids stored in the facility’s three basins. Removal is set to commence in spring 2026.
Cash Resources
The cash and investments held by the City are sufficient to move forward into the new fiscal year, conduct operations, and embark upon the planned capital asset improvement programs. Please see Note 2 – Cash and Investments beginning on page 70 of the ACFR.
Risk Management
The City limits its exposure to losses from unfavorable events, employee injuries, and from the risk of damages to City property by participating with other governments in an insurance pool wherein the risk of substantial monetary loss is transferred from the City to the insurance pool. Further information about this arrangement is included in the notestothe financial statements.
Long-Term Debt Administration
In accordance with the City's fiscal policy, the issuance of long-term debt is limited to capital improvements or projects that cannot be financed from current revenues or resources. The City may issue general obligation bonds, revenue bonds, certificates of participation or anticipation notes. The payback period of the debt is limited to the estimated useful life of the capital project or improvement. All debt service payments were made as required during the fiscal year, and the City complied with all required reserves and debt service covenants.
Postemployment Benefits
The City directly participates in the Public Employees Retirement System (PERS) of the State of California 61 for all full-time employees. The City plans to fund each year's required contribution for its regular and public safety plans based on rates calculated by PERS after analyzing the city's workforce. With respect to retiree health care costs, the City's practice has been to pay the same premium for retired employees' health care as it does for active employees. The City continues to fund its annual determined contribution (ADC) each year, ensuring the long-term sustainability of this benefit. The City and Fire District have entered into irrevocable trusts with PERS to fund retiree health benefits. Additional information about the City's pension and other post-employment benefits plans are included in notes J and K to the financial statements and the required supplementary information section of this report. In 2017, the City negotiated with employee bargaining units a reduction in post-employment medical insurance benefits for future employees as they retire, which resulted in a decrease in long-term liability.
Awards
The City was awarded a Certificate of Achievement for Excellence in Financial Reporting by the Government Finance Officers Association (GFOA) for its comprehensive annual financial report for the fiscal year ended June 30, 2024. The Certificate of Achievement is a prestigious national award, recognizing conformance with the highest standards for preparation of state and local government financial report. In order to be awarded a Certificate of Achievement, a government must publish an easily readable and efficiently organized annual comprehensive financial report. This report must satisfy both generally accepted accounting principles and applicable legal requirements. A Certificate of Achievement is valid for a period of one year only. In our opinion, the current comprehensive annual financial report continues to meet the Certificate of Achievement Program's requirements, and it will be submitted to the GFOA to determine its eligibility for recognition.
Acknowledgements
The preparation of this report would not have been possible without the capable and dedicated services of the Finance Department. Thanks to all City departments for their assistance in providing the data necessary to prepare this report. The Mayor and City Council also warrant special recognition for their continued support, leadership and high expectations for professionalism in overseeing the City of American Canyon's financial affairs.
Respectfully Submitted,
Jason B. Holley Jemelyn Cruz
City Manager Finance Director/Treasurer
62 CITY OF AMERICAN CANYON
PRINCIPAL OFFICIALS
YEAR ENDED JUNE 30, 2025
CITY COUNCIL
Mayor ……………………………………………………………………………………………………………….. Pierre Washington Vice Mayor……………………………………………………………………………………….………………… Mark Joseph Council Member ………………………..……………………………………………………………………… Brando Cruz Council Member ………………………………………………….……………………………………………. David Oro Council Member …………….……..………………………………………………………………………….. Melissa Lamattina
ADMINISTRATIVE PERSONNEL
City Manager ………………….………………………………………….…………………………………….. Jason Holley Assistant City Manager …………………………………………………………………………………….. Juan Gomez City Clerk ………………………………………………………………………………………………………….. Taresa Geilfuss Police Chief ……………………………………….…………………………………………………….……….. Rick Greenberg Fire Chief …………………………………………….……………………………………………..…….………. Geoff Belyea City Attorney ………………………………….………………………………………………………….……… William Ross Finance Director……………………………………………………………………….………………….….… Jemelyn Cruz Public Works Director…………………………………………………………..…………………….….….. Erica Ahmann-Smithies Community Services Director ………………………………………….………………………….…….. Brent Cooper Parks and Recreation Director………………………………………………….………………….….…. Alexandra Ikeda 63 CITY COUNCIL
FIRE PROTECTION
DISTRICT - - - - CITY MANAGER - - - - CITY ATTORNEY
COMMUNITY
DEVELOPMENT
PUBLIC WORKS
AND UTILITIES
ASSISTANT CITY
MANAGER
PARKS AND
RECREATION POLICE CHIEF
CITY CLERK HUMAN
RESOURCES FINANCE
64 Government Finance Officers Association
Certificate of
Achievement
for Excellence
in Financial
Reporting
Presented to
City of American Canyon
California
For its Annual Comprehensive
Financial Report
For the Fiscal Year Ended
June 30, 2024
Executive Director/CEO
65 FINANCIAL SECTION
66 This page is intentionally blank
67 16450 Monterey Road, Suite #5, Morgan Hill, CA 95037 Tel: 408-217-8749 • E-Fax: 408-872-4159
[email protected] • www.cnallp.com
INDEPENDENT AUDITOR’S REPORT
To the Honorable Mayor and Members of the City Council
of the City of American Canyon
Sebastopol, California
Report on the Audit of the Financial Statements
Opinions
We have audited the accompanying financial statements of the governmental activities, business-type activities, each major fund, and the aggregate remaining fund information of the City of American Canyon (the “City"), as of and for the year ended June 30, 2025, and the related notes to the financial statements, which collectively comprise City’s basic financial statements as listed in the table of contents.
In our opinion, the financial statements referred to above present fairly, in all material respects, the respective financial position of the governmental activities, business-type activities, each major fund, and the aggregate remaining fund information of the City of American Canyon, as of June 30, 2025, and the respective changes in financial position and, where applicable, cash flows thereof for the year then ended in accordance with accounting principles generally accepted in the United States of America.
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 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 twelve months beyond the financial statement date, including any currently known information that may raise substantial doubt shortly thereafter.
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 68 16450 Monterey Road, Suite #5, Morgan Hill, CA 95037 Tel: 408-217-8749 • E-Fax: 408-872-4159
[email protected] • www.cnallp.com
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 and GAGAS, 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 other required supplementary information, as listed in the table of contents, be presented to supplement the basic financial statements. Such information, 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.
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 fund financial statements, schedules, and other information listed in the supplementary information section of the table of contents are presented for purposes of additional analysis and are not a required part of the basic financial statements.
Such information is the responsibility of management and was derived from and relates directly to the underlying accounting and other records used to prepare the basic financial statements. The information has 69 16450 Monterey Road, Suite #5, Morgan Hill, CA 95037 Tel: 408-217-8749 • E-Fax: 408-872-4159
[email protected] • www.cnallp.com
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 GAAS. In our opinion, the combining and individual 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 and statistical sections but does not include the basic financial statements and our auditor’s report thereon. Our opinions on the basic 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 basic financial statements, our responsibility is to read the other information and consider whether a material inconsistency exists between the other information and the basic 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.
Other Reporting Required by Government Auditing Standards In accordance with Government Auditing Standards, we have also issued our report dated January 31, 2026 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 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 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.
Chavan & Associates, LLP
Certified Public Accountants
January 31, 2026
Morgan Hill, California
70 Page Intentionally Left Blank
71 MANAGEMENT’S DISCUSSION
AND ANALYSIS
72 This page is intentionally blank
73 MANAGEMENT'S DISCUSSION AND ANALYSIS
This section of the City of American Canyon's annual financial report presents our discussion and analysis of the City's financial performance during the Fiscal Year that ended on June 30, 2025. Please read it in conjunction with the City's audited financial statements, which follow this section.
FINANCIAL HIGHLIGHTS
• The City's total net position increased $9.6 million over the course of this year’s operations after conducting all City operations and programs. The Citywide Statement of Activities reports a $12.5 million increase in net position for Governmental Activities using full accrual accounting and a decrease of $2.9 million in Business-type Activities. The assets and deferred outflows of the City exceeded its liabilities and deferred inflows by $408.6 million at the end of Fiscal Year 2024-25. The Citywide Statement of Net Position reports that $332.2 million is related to Governmental Activities and $76.4 million is related to Business-type Activities. Of that amount, $18.9 million (the unrestricted net position) may be used to meet the City's ongoing obligations and operating expenses for the next Fiscal Year.
• Governmental Funds reported combined fund balances of $51.8 million on June 30, 2025, an increase of $1.5 million compared to the prior year. Of these fund balances, $33.8 million is restricted, $14.2 million is committed, $3.5 million is assigned, and $0.2 million is unassigned. • Overall, city-wide revenues from all governmental and business-type activities were $32.6 million, a decrease of about $12.6 million compared to the prior year. This is due to decreased grants and contributions activity in Fiscal Year 2024-25.
• The City's total expense for all programs in Fiscal Year 2024-25 was $58.7 million, an increase of $0.7 million compared to the prior year.
• The General Fund ended Fiscal Year 2024-25 with a fund balance of $11.4 million, a decrease of $0.1 million compared to the prior year of which $2.0 million was unassigned. The Fire District Operations Fund ended Fiscal Year 2024-25 with a $5.6 million fund balance, a decrease of $0.3 million compared to the prior year. The CDBG, Cal Home and HOME Loan Development Special Revenue Fund ended Fiscal Year 2024-25 with a fund balance of ($0.4) million a decrease of $0.3 million from last year. The State and Federal Grants - City Special Revenue Fund ended Fiscal Year 2024-25 with a fund balance of ($0.1) million, an increase of $0.2 million compared to the prior year.
The Affordable Housing Capital Projects Fund ended Fiscal Year 2024-25 with a fund balance of $1.3 million, an increase of $0.6 million compared to the prior year. Other Governmental Funds reported a cumulative fund balance of $33.1 million available for special purposes, primarily infrastructure and capital asset additions.
• The City ended Fiscal Year 2024-25 with $19.0 million of available net position in its enterprise funds consisting of restricted and unrestricted net position. This is an decrease of $7.9 million from the prior Fiscal Year. Internal Service Funds ended Fiscal Year 2024-25 with a cumulative unrestricted fund balance of $1.3 million an increase of $0.4 million compared to the prior year.
OVERVIEW OF THE FINANCIAL STATEMENTS
This annual report consists of four parts – a management’s discussion and analysis (this section), the basic financial statements, required supplementary information, and an optional section that presents combining statements for non-major governmental funds and proprietary funds. The basic financial statements include two kinds of statements that present different views of the City:
• The first two statements are government-wide financial statements that provide both long-term and short-term information about the City’s overall financial status. 74 MANAGEMENT'S DISCUSSION AND ANALYSIS
• The remaining statements are fund financial statements that focus on individual parts of the City government, reporting the City's operations in more detail than the government-wide statements. - The governmental funds statements tell how general government services such as public safety, community development, parks and recreation, public works and streets were financed in the short term as well as what remains for future spending.
- Proprietary fund statements offer short and long-term financial information about the activities the government operates like businesses, such as the City's water, wastewater and recycled water systems.
The financial statements also include notes that explain some of the information in the financial statements and provide more detailed data. The statements are followed by a section of required supplementary information that further explains and supports the information in the financial statements. In addition to these required elements, we have included a section with combining statements that provide details about our non-major funds, each of which are added together and presented in single columns in the basic financial statements.
Figure A-1 summarizes the major features of the City's financial statements, including the portion of the City government they cover and the types of information they contain. The remainder of this overview section of management’s discussion and analysis explains the structure and contents of each of the statements.
Figure A-1
Major Features of City of American Canyon's Government-Wide and Fund Financial Statements Fund Statements
Government-Wide
Statements Governmental Funds Proprietary Funds
Scope Entire City government The activities of the City that are not proprietary or fiduciary, such as police, fire, streets,
general government, and community services
Activities the City operates
similar to private businesses: the
water, wastewater, and recycled
water funds and internal service
funds
Required financial
statements
• Statement of net position • Balance sheet • Statement of net position • Statement of activities • Statement of revenues, expenditures, and changes in fund balances
• Statement of revenues,
expenses, and changes in
net position
• Statement of cash flows
Accounting basis
and measurement
focus
Accrual accounting and
economic resources focus
Modified accrual accounting and current financial
resources focus
Accrual accounting and
economic resources focus
Type of
asset/liability
information
All assets and liabilities, both
financial and capital, and shortterm and long-term
Only assets expected to be used up and liabilities
that come due during the year or soon thereafter;
no capital assets included
All assets and liabilities, both
financial and capital, and shortterm and long-term
Type of
inflow/outflow
information
All revenues and expenses
during the year, regardless of
when cash is received or paid
Revenues for which cash is received during or soon
after the end of the year; expenditures when goods
or services have been received and payment is due
during the year or soon thereafter
All revenues and expenses
during the year, regardless of
when cash is received or paid
75 MANAGEMENT'S DISCUSSION AND ANALYSIS
Government-wide Statements
The government-wide statements report information about the City as a whole using accounting methods similar to those used by private-sector companies. The statement of net position includes all of the City's assets and liabilities. All of the current year’s revenues and expenses are accounted for in the statement of activities regardless of when cash is received or paid.
The two government-wide statements report the City's net position and how it has changed. The difference between the City's assets and liabilities is one way to measure the City's financial health or position.
• Over time, an increase or decrease in the City's net position is an indicator of whether its financial health is improving or deteriorating, respectively.
The government-wide financial statements of the City are reported in two categories:
• Governmental activities – All of the City’s basic services are included here, such as general government, police, fire, community development, parks and recreation, and public works. Property taxes, sales taxes, transient occupancy taxes, special and other taxes, user charges and fees, and state, local and federal grants finance these activities. • Business-Type activities - The City charges fees to customers to help cover the costs of certain services. The City's water, wastewater, and recycled water enterprises are reported here.
Fund Financial Statements
The fund financial statements provide more detailed information about the City's most significant funds – not the City as a whole. Funds are accounting devices that the City uses to keep track of specific sources of funding and spending for particular purposes. • The City's major funds, including the General Fund; Fire District Operations; CDBG, CalHome and HOME Loan Development; State and Federal Grants – City; City Capital Projects; and Affordable Housing; are reported in separate columns, and all other governmental funds are aggregated in a single column.
• The City establishes other funds to control and manage money for particular purposes. Some funds are maintained to demonstrate that the City is properly using certain specific fees for their intended purpose (such as the City's impact fee funds).
• Other funds are maintained for similar purposes but also demonstrate the City's ability to repay its long-term debt obligations, such as bonds.
The City has three kinds of funds:
Governmental funds – The City's basic services are included in governmental funds, which focus on (1) how cash and other financial assets that can readily be converted to cash flow in and out, and (2) the balances left at year-end that are available for spending. Consequently, the governmental funds statements provide a detailed short-term view that helps one determine whether there are more or fewer financial resources that can be spent in the near future to finance the City's programs. Because this information does not encompass the additional long-term focus of the government-wide statements, we provide additional information at the bottom of the governmental funds' statement, or on the subsequent page, that explains the relationship (or differences) between them.
Proprietary funds – There are two different types of proprietary funds. Enterprise funds are used to report the same functions reported as business-type activities in the government-wide financial 76 MANAGEMENT'S DISCUSSION AND ANALYSIS
statements: the City's Water, Wastewater, and Recycled Water Operations. Internal service funds are an accounting device used to accumulate and allocate costs internally. During the 2015 Fiscal Year, the City created internal service funds. Proprietary funds provide the same type of information as the government-wide statements, only in more detail. The proprietary fund statements provide separate information for the City's Water, Wastewater, and Recycled Water Operations, which are considered major funds of the City.
Fiduciary funds - These funds are used to account for resources held for the benefit of parties outside the government. Fiduciary funds are not reflected in the government-wide financial statements because the resources of those funds are not available to support the City of American Canyon’s own programs.
The accounting used for fiduciary funds is much like that used for proprietary funds.
FINANCIAL ANALYSIS OF THE CITY AS A WHOLE
Net Position. As summarized in Table A-1 below, the City's combined net position increased $9.6 million between Fiscal Years 2024 and 2025.
Table A-1
City of American Canyon's Net Position
(in millions of dollars)
Governmental
Activities
Business-Type
Activities Total
Total
Percentage
Change
2024 2025 2024 2025 2024 2025 2023-24
Current and other assets
69.1 62.1
29.9 16.0
99.0 78.1 -21.1%
Capital and non-current
283.5
304.6
58.7 71.2
342.2
375.8 9.9%
Total assets
352.6
366.7 88.6 87.1
441.1
453.9 2.9%
Deferred Outflow of
Resources
11.4 9.6
2.5 2.2
13.9 11.8 -15.1%
Long-term debt outstanding
34.7 31.7
9.7 8.8
44.4 40.5 -8.8%
Other liabilities
7.5 9.9
1.3 3.5
8.8 13.3 51.1%
Total liabilities
42.2 41.5
11.0 12.3
53.2 53.8 1.1%
Deferred Inflows of Resources
2.3 2.6
0.5 0.7
2.8 3.3 17.9%
Net investment in capital assets
275.1
288.5
52.4 57.4
327.5
345.9 5.6%
Restricted
39.9 33.8
8.8 10.0
48.7 43.8 -10.1%
Unrestricted
4.5 9.9
18.3 9.0
22.8 18.9 -17.1%
Total net position
319.5
332.2
79.5 76.4
399.0
408.6 2.4%
The net position of the City’s governmental and business-type activities increased 2.4% to $408.6 million. The increase was primarily due to accepted public improvements from developments and increases in capital outlay for both the governmental and business-type funds and increases to fund balances. Approximately 85% of the City’s net position is invested in capital assets such as buildings, land, equipment and facilities. The remaining 15% of net position is represented by restricted and unrestricted net position. Notable receivables are $2.0 million in taxes and $2.2 million from utilities.
Intergovernmental Receivables of $1.1 million grant funding for CIP, COPS funding, and other minor receivables. About 75% of the City's total liabilities are represented by long-term obligations including 77 MANAGEMENT'S DISCUSSION AND ANALYSIS
pension liabilities, lease revenue bonds, capital leases and loans from the State of California. A more detailed list of long-term liabilities is found in Note 6 – Long-Term Liabilities on pages 79.
Changes in net position. The City's major sources of revenue and functional expenses are presented in charts 1 and 2. As summarized in Table A-2 on page 27, revenues for Fiscal Year 2023-24 totaled $68.3 million, a decrease of $11.4 million or 14.3% from the prior year. Grant revenue decreased by $14.7 million as FY 2025 experienced less grant activity from ARPA (American Rescue Plan Act) grant and HOME grants. Sales tax revenue decreased by $0.5 million or 7.9% to $5.8 million in Fiscal Year 2024-25, mainly attributed to a loss of a major sales taxpayer in February 2025. Approximately $23 million or 34% of all City revenues were generated from water, wastewater, and recycled water service fees and other revenue, including grants.
Charges for services,
33%
Grants and
contributions, 15% Property taxes, 30%
Sales taxes, 8%
Franchise Taxes, 2%
Other, 12%
Chart 1
Sources of Revenues
78 MANAGEMENT'S DISCUSSION AND ANALYSIS
The total cost for all programs and services in Fiscal Year 2024-25 was $58.7 million which includes a wide range of services such as public safety, public works, community development, parks and recreation programs, storm drain, water and wastewater treatment plants and related distribution and collection systems. Major types of expenditures by function are shown in Chart 2. As summarized in Table A-2, for Fiscal Year 2024-25, expenses increased by $0.6 million or 1%. In this Fiscal Year, the General Government expenses decreased by $0.7 million, a 1.7% largely due to a decrease in Parks & Recreation expenses offset by increases in Public Safety and General Government. Water, Wastewater and Recycled Water expenses were $1.3 million higher compared to prior year at $17.4 million. This increase is mainly the result of increased employee costs; equipment purchases and system repair and maintenance.
The City’s largest operating expense was public safety services and utility services. The City’s cost to provide police and fire protection services was $17.9 million or 30.5% of the City’s total operating expenses. Water, sewer, and recycled water service expenses were collectively $17.4 million or 29.6% of total expenses. Public Works and Storm Drain departments accounted for 16.7% of expenses, Community Development 4.6%, and Parks and Recreation 4.1%. The remaining 14.5% was expended on general City administration and other programs.
When all operations were concluded, governmental activities created a $12.5 million increase in net position and business-type activities created a $2.9 million decrease.
General & Other Prog
14%
Public Safety
30%
Storm Drain
1%
Public works
17%
Comm Dev
5%
Parks & Rec
6%
Water
9%
Sewer
9%
Recycled
9%
Chart 2
Functional Expenses
79 MANAGEMENT'S DISCUSSION AND ANALYSIS
Table A-2
Changes in the City of American Canyon’s Net Position
(in millions of dollars)
Governmental
Activities Business Type Activities Total
Total
Percentage
Change
2024 2025 2024 2025 2024 2025 2024-25
Revenues
Program revenues
Charges for services
5.6 6.8
14.6 15.6
20.2 22.4 10.9%
Grants and contributions - operating
4.1 2.3
0.4 -
4.5 2.3 -48.9%
Grants and contributions - capital
10.3 3.0
10.2 5.0
20.5 8.0 -61.0%
General revenues
Property taxes
19.7 20.5
-
-
19.7 20.5 4.1%
Franchise taxes
1.1 1.2
-
-
1.1 1.2 9.1%
Sales taxes
6.3 5.8
-
-
6.3 5.8 -7.9%
Other
5.7 5.7
1.7 2.4
7.4 8.1 9.5%
Total revenues
52.8 45.3
26.9 23.0
79.7 68.3 -14.3%
Expenses
General government
8.1 8.5
-
-
8.1 8.5 4.9%
Public Safety
17.4 17.9
-
-
17.4 17.9 2.9%
Public works
9.7 8.8
-
-
9.7 8.8 -9.3%
Community Development
2.8 2.7
-
-
2.8 2.7 -3.6%
Parks and Recreation
3.5 2.4
-
-
3.5 2.4 -31.4%
Storm Drain
0.5 1.0
-
-
0.5 1.0 100.0%
Water
8.7 9.4
8.7 9.4 8.0%
Wastewater
6.0 6.6
6.0 6.6 10.0%
Other
0.1 0.2
1.3 1.2
1.4 1.4 0.0%
Total expenses
42.1 41.5
16.0 17.2
58.1 58.7 1.0%
Excess (deficiency) before transfers
10.7 3.8
10.9 5.8
21.6 9.6 -55.6%
Transfers
0.1 8.7
(0.1)
(8.7)
-
- 0.0%
Increase(decrease) in net position
10.8 12.5
10.8 (2.9)
21.6 9.6 -55.6%
Net position, beginning
308.7
319.5
68.7 79.5
377.4
399.0 5.7%
Net position, ending
319.5
332.0
79.5 76.6
399.0
408.6 2.4%
80 MANAGEMENT'S DISCUSSION AND ANALYSIS
City Program Costs
Table A-3 presents the cost of each of the City's six largest programs: Public Safety, Public Works, Parks and Recreation, Water, Wastewater, and Community Development.
Table A-3
Cost of City of American Canyon's Programs
(in millions of dollars)
Total Cost of Services
Percentage
Change
2024 2025 2024-25
Public Safety 17.4 17.9 2.9%
Public Works (includes Storm drain) 10.1 9.8 -3.0%
Community Development 2.8 2.7 -3.6%
Parks and Recreation 3.5 2.4 -31.4%
Water 8.7 9.4 8.0%
Wastewater 6.0 6.6 10.0%
Recycled Water 1.3 1.2 0.0%
All other 8.2 8.7 6.1%
Total 58.0 58.7 1.2%
The cost of all programs this year was $58.7 million, an increase of $0.7 million, or 1.2% compared with the prior year. Public safety increased 2.9% or $0.5 million. Fire services increased $0.6 million. Public Works decreased 3% or $0.3 million. Community Development decreased 3.6% or $0.1 million associated with a slowdown in permit issuance.
Governmental Activities
As detailed on the Statement of Activities, the City’s governmental program expenses totaled $41.5 million during the year. Program revenues, including grants, totaled $12.1 million leaving the City to fund the balance of $33.2 million with general revenues. Program revenues decreased by $7.5 million, while expenditures decreased by $0.6 million over the prior year. The majority of decreases in the Program Revenues was in due to the activity in FY 2023-24 in capital grants and contributions from accepted public improvements in the amount of $5.1 million, as well as capital contributions in the amount of $2.4 million related to Green Island CFD drawdown that did not occur at the same level in FY 2024-25.
Business-Type Activities
At 2024-25 Fiscal Year-end, the net position for the City’s enterprise funds or business-type activities, the City’s Water, Wastewater, and Recycled Water funds, decreased $2.9 million from the prior year.
Charges for services increased $1.0 million compared to the prior year, but overall business-type revenues decreased $3.9 million overall compared to FY 2023-24, primarily due to decreased grant activity. Water fund expenses increased by $0.7 million or 8% compared to Fiscal Year 2024-25 and was primarily due to capital project activity. Wastewater fund expenses increased $0.6 million to $6.6 million, primarily due to capital project activity. An Enterprise Rate Study was approved by City Council in early 2024 for the establishment of updated water, wastewater and recycled water rates, new rates were effective January 2025.
81 MANAGEMENT'S DISCUSSION AND ANALYSIS
FINANCIAL ANALYSIS OF THE CITY’S FUNDS
At the end of Fiscal Year 2024-25, the City’s governmental funds had a combined fund balance of $51.8 million, about $1.5 million more than the prior year. This can be attributed to transfers in to the governmental funds from the enterprise funds or ISF’s. The Fire District Operations fund balance decreased by $0.3 million or 7% as a result of Fiscal Year 2024-25 operations.
The City’s total Cash and Investment accounts decreased by $1.7 million compared to the prior year, totaling $80.6 million at Fiscal Year-end. The City’s Restricted Cash and Investments totaled $10.6 million of that balance. Fiduciary Funds comprised another $12.8 million of that balance. The Water, Wastewater, and Recycled Water enterprise funds ended the year with $22.1 million in cash and investments available for future use, of which $10.0 million is restricted.
The City’s General Fund had a deficit of revenues over expenditures of $4.2 million before other financing sources. General Fund Property Taxes increased by $0.3 million, Sales Taxes decreased by $0.5 million, Other Taxes remained relatively unchanged. Charges for Services increased by $0.1 million compared to the prior year. The City’s General Fund Expenditures increased by $3.0 million to $29.5 million mostly due to increase in contract police services with the Napa County Sheriff’s Office ($0.9 million); and increase in public works activity across all divisions especially in Parks maintenance and Storm Drain ($1.3 million). The Transfers out to Other Funds increased by $5.3 million compared to the prior year due to a $4.9 million transfer to several repair and renovation funds for infrastructure needs related to parks, streets and buildings in the prior year. After including inter-fund transfers, the General Fund ended the Fiscal Year with a deficit of $0.1 million.
The City’s non-major governmental funds ended the Fiscal Year with a consolidated fund balance of $33.1 million. This entire fund balance amount is restricted with externally enforceable legal restrictions.
General Fund Budgetary Highlights
Over the course of the year, the City Council amended the City budget to fund new projects, avoid cost overruns, to account for unanticipated revenues. Additionally, adjustments were made as a result of the mid-year budget review. At year-end, including all adjustments, actual General Fund expenditures, were $2.8 million less than final budget amounts. Supplies and Service were the largest item at $1.6 million followed by Salary and Benefits savings at $0.7 million.
The General Fund’s fund balance decreased by $0.1 million from June 30, 2024 to June 30, 2025, mainly attributed to revenues not reaching budgeted amounts. The General Fund’s primary source of discretionary revenue is property taxes which totaled $14.3 million or 56.4% of total revenues for the year and increased by 2.1% over the prior year. This was under budget $0.8 million. Non-property taxes came in at $0.2 million under budget and Charges for Services were $0.5 million less than the final budget.
State and Federal Grants – City and City Capital Projects Funds Highlights The City had several projects funded by State and Federal grants. American Rescue Plan Act (ARPA) funded $2.1 million in various streets and parks projects. Although fund balance increased $0.2 million, grant funds can fluctuate, and the timing of funds can differ depending on the grant itself. These funds ended the year with a deficit of $0.1 million attributed to the spending of funds but grant fund reimbursements occurring later.
City Capital Projects Funds fund balance had an increase in the amount of $0.1 million ending with $1.3 million in fund balance. Revenue appears in these funds as developer in lieu payments, which totaled $0.5 million. Transfers into these funds were $12.0 million and expenses were $12.4 million.
All City projects are expensed through these funds with funding from projects primarily coming from Special Revenue Funds.
82 MANAGEMENT'S DISCUSSION AND ANALYSIS
CAPITAL ASSET AND DEBT ADMINISTRATION
Capital Assets
As of June 30, 2025, the City had invested $357.1 million (net of accumulated depreciation) in a broad range of capital assets, including land, vehicles, equipment, the water, wastewater, and recycled water systems, streets, and other capital assets (see Table A-4). This amount represents a net increase, after additions and deductions, of about $14.9 million or 4.4% compared to the prior fiscal year. Additional information can be found in the notes to the financial statements, Note 5 – Capital Assets page 77.
Table A-4
City of American Canyon's Capital Assets
(net of depreciation, in millions of dollars)
Governmental
Activities
Business-type
Activities Total
Total
Percentage
Change
2024 2025 2024 2025 2024 2025 2024-25
Land 10.4 10.4 2.2 2.2 12.6 12.6 0.0%
Construction in progress 11.5 17.0 0.1 0.1 11.6 17.1 47.4% Intangible Assets 2.1 2.3 2.3
Right of Ways 165.2 165.2 - - 165.2 165.2 0.0%
Buildings and Improvements 25.8 27.0 7.3 6.9 33.1 33.9 2.4% Machinery and Equipment 1.7 1.5 1.2 2.2 2.9 3.7 27.6%
Water utility system 19.3 20.6 19.3 20.6 6.7%
Wastewater system 18.5 18.8 18.5 18.8 1.6%
Recycled water System 8.0 8.0 8.0 8.0 0.0%
Infrastructure system 67.2 72.9 67.2 72.9 8.5%
Leased Vehicles 1.5 1.3 1.5 1.3 -13.3%
Subscription Technology 0.2 0.7 0.2 0.7 250.0%
Total 283.5 296.0 58.7 61.1 342.2 357.1 4.4%
Long - Term Liabilities
At the end of Fiscal Year 2024-25, the City had about $10.1 million in long-term debt outstanding. Of the $10.1 million, $3.8 million relates to the City’s business-type activities and the remaining $6.3 million is applicable to governmental type financing activities. The remaining other long-term liabilities of $31.8 million are estimated employee benefits payable by the City. The City’s component-unit, the City of American Canyon’s Fire Protection District, has a long-term debt obligation from green energy upgrades of $0.2 million and a fire engine financed purchase of $1.3. It also has a $0.1 million liability for uninsured workers compensation claims.
For governmental type activities, the major long-term debt year-end balances consist of a refinanced $3.8 million capital lease to purchase a commercial office building that was transformed into City Hall, and $0.5 million for green energy projects benefiting City Hall. 83 MANAGEMENT'S DISCUSSION AND ANALYSIS
For business-type activities, major long-term debt year-end balances are comprised of green energy projects for the benefit of Water enterprises of $1.0 million and Wastewater enterprises of $2.5 million.
The City has no bonded debt outstanding for its business-type activities. Additional information about the City's long-term obligations can be found in the notes to the financial statements, Note 6 – Noncurrent Liabilities, on page 79.
ECONOMIC FACTORS AND NEXT YEAR’S BUDGETS
Economic activity during FY 2024–25 remained generally stable, supported by steady GDP growth and continued consumer spending. Real GDP increased 3.8% in Q2 2025 and 4.4% in Q3 2025, driven by gains in consumer spending, investment, government expenditures, and exports.
Personal income and consumption also continued expanding through late 2025, with personal consumption expenditures rising 0.5% in both October and November 2025, signaling sustained demand despite higher prices and borrowing costs. Sales tax was $0.5 million less than FY 2023-24 primarily due to the loss of a significant taxpayer, but despite that, was still $0.2 million above the forecast amount.
Inflation moderated compared to prior years but remained above the Federal Reserve’s 2% target. The U.S. 2024 annual inflation rate was 2.9%, declining from 3.4% in 2023. For 2025, inflation hovered around 2.7%, reflecting ongoing price pressures in housing, services, and key consumer categories.
While inflation was easing, households continued feeling the cumulative impact of elevated prices over multiple years, limiting discretionary spending capacity for some consumers.
Interest rates remained elevated throughout most of FY 2024–25 as the Federal Reserve continued its efforts to bring inflation toward target. The Fed made three rate cuts between September and December 2024, but held rates steady throughout the first half of 2025, maintaining a restrictive stance. Elevated borrowing costs continued to weigh heavily on mortgage affordability, business lending, and capital investment. Higher interest rates kept mortgage costs elevated, limiting affordability and slowing home sales in many regions. Residential investment remained weaker than earlier federal forecasts, reflecting the burden of high rates and slower household formation.
However, California continued to experience significant housing demand relative to supply. American Canyon remained active with ongoing single-family and multifamily construction, contributing to continued growth in assessed valuation.
Detached Single Family Residence – City of American Canyon Year
D-SFR
Sales
Median
Price
%
Change
2018 175 $525,000 5.3%
2019 186 $515,000 -1.4%
2020 165 $570,000 10.7%
2021 186 $635,000 11.4%
2022 131 $665,000 4.7%
2023 81 $686,000 3.2%
2024 119 $699,000 1.9%
2025* 72 $735,000 5.2%
*through August 2025
84 MANAGEMENT'S DISCUSSION AND ANALYSIS
With the first 8 months of sales data processed for 2025, SFRs are selling for more than in the previous calendar year. The median price of all SFRs in 2025 is $735,000 which is $97,000 higher than the peak price experienced in 2006 at $638,000. Demand for housing in Napa County continues to be high, the City of American Canyon continues to add inventory and remains the most affordable city in the county for home prices.
2024-25 Taxable Property Values:
Combined Values Total
Total Values $4,584,061,382
Total Exemptions $126,371,806
Net Total Values $4,457,689,576
The City anticipates continued increases in assessed valuation due to growing interest in industrial and residential development. Key development projects include the Broadway District Specific Plan, the Giovannoni Logistics Center, Canyon Estates, Oat Hill Residential multi-family residences, and continued development of Napa Logistics Park and Watson Ranch (the long-planned mixed-use commercial/retail town center). The City has also completed a General Plan Update, American Canyon’s blueprint for development of the City and any land outside its boundaries that bears relation to its planning.
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 demonstrate the City's accountability for the money it receives. If you have questions about this report or need additional financial information, contact the Finance Director, City of American Canyon, 4381 Broadway Street, Suite 201, American Canyon, California 94503.
85 BASIC FINANCIAL
STATEMENTS
86 City of American Canyon
Statement of Net Position
June 30, 2025
BusinessGovernmental Type
ASSETS Activities Activities Total
Current Assets:
Cash and investments $ 57,967,980 $ 12,017,562 $ 69,985,542 Restricted cash and investments 598,907 - 598,907
Taxes receivable 2,005,924 - 2,005,924
Accounts receivable 1,743,777 2,159,010 3,902,787
Interest receivable 308,295 182,626 490,921
Due from other governments 1,060,749 - 1,060,749
Prepaid items 26,233 10,806 37,039
Internal balances (1,603,359) 1,603,359 -
Total Current Assets 62,108,506 15,973,363 78,081,869
Noncurrent Assets:
Restricted cash and investments - 10,033,388 10,033,388 Loans receivable 8,552,113 - 8,552,113
Capital Assets:
Nondepreciable 192,564,867 4,614,273 197,179,140
Depreciable, net of accumulated depreciation 103,510,614 56,528,394 160,039,008 Total Capital Assets, Net 296,075,481 61,142,667 357,218,148 Total Noncurrent Assets 304,627,594 71,176,055 375,803,649 Total Assets $ 366,736,100 $ 87,149,418 $ 453,885,518
DEFERRED OUTFLOWS OF RESOURCES
Pension Adjustments $ 5,489,494 $ 1,037,698 $ 6,527,192 OPEB Adjustments 4,071,013 1,205,119 5,276,132
Total Deferred Outflows of Resources $ 9,560,507 $ 2,242,817 $ 11,803,324
LIABILITIES
Current Liabilities:
Accounts payable $ 4,794,275 $ 2,641,953 $ 7,436,228
Accrued expenses 390,551 90,544 481,095
Interest payable 38,899 - 38,899
Unearned revenue 2,005,704 - 2,005,704
Deposits payable 348,166 205,876 554,042
Uninsured claims 146,119 - 146,119
Compensated absences, due within one year 728,242 208,144 936,386 Long-term debt, due within one year 1,415,925 333,727 1,749,652 Total Current Liabilities 9,867,881 3,480,244 13,348,125 Noncurrent Liabilities:
Compensated absences, due in more than one year 460,224 172,921 633,145 Net pension liability 17,505,255 3,250,739 20,755,994
Net OPEB liability 7,530,656 1,932,143 9,462,799
Long-term debt, due in more than one year 6,159,385 3,443,894 9,603,279 Total Noncurrent Liabilities 31,655,520 8,799,697 40,455,217 Total Liabilities $ 41,523,401 $ 12,279,941 $ 53,803,342
DEFERRED INFLOWS OF RESOURCES
Pension Adjustments $ 527,446 $ 145,429 $ 672,875
OPEB Adjustments 2,046,857 564,453 2,611,310
Total Deferred Inflows of Resources $ 2,574,303 $ 709,882 $ 3,284,185
NET POSITION
Net investment in capital assets $ 288,500,171 $ 57,365,046 $ 345,865,217 Restricted for:
Public safety 1,671,469 - 1,671,469
Fire District capital acquisition 274,779 - 274,779
Public works 21,556,740 - 21,556,740
Storm drain projects 5,324,126 - 5,324,126
Community development 2,483,661 - 2,483,661
Parks 2,315,769 - 2,315,769
Other 219,707 - 219,707
Capacity expansion - 10,033,388 10,033,388
Total Restricted 33,846,251 10,033,388 43,879,639
Unrestricted 9,852,481 9,003,978 18,856,459
Total Net Position $ 332,198,903 $ 76,402,412 $ 408,601,315 The accompanying notes are an integral part of these financial statements. 87 City of American Canyon
Statement of Activities
For the Year Ended June 30, 2025
Operating Capital
Charges for Grants and Grants and Governmental Business-Type Functions/Programs Expenses Services Contributions Contributions Total Activities Activities Total Primary Government:
Governmental Activities:
General government 8,472,582 $ 858,776 $ 8,314 $ -$ 867,090 $ (7,605,492) $ (7,605,492) $ Public safety 17,892,931 2,085,991 215,499 128,503 2,429,993 (15,462,938) (15,462,938) Public works 8,759,781 1,003,591 2,118,096 2,157,272 5,278,959 (3,480,822) (3,480,822) Community development 2,769,368 1,500,788 - 672,627 2,173,415 (595,953) (595,953) Parks and recreation 2,360,150 1,302,747 1,348 - 1,304,095 (1,056,055) (1,056,055) Storm drain 1,021,399 - - - - (1,021,399) (1,021,399)
Interest 217,490 - - - - (217,490) (217,490)
Total Governmental Activities $ 6,751,893 41,493,701 $ 2,343,257$ 2,958,402$ $ 12,053,552 (29,440,149) (29,440,149) Business-Type Activities:
Water $ 9,448,239 $ 9,638,852 -$ 2,521,195$ $ 12,160,047 $ 2,711,808 2,711,808 Wastewater 6,631,684 5,656,014 - 1,969,162 7,625,176 993,492 993,492 Recycled water 1,168,433 283,352 - 503,444 786,796 (381,637) (381,637) Total Business-Type Activities $ 15,578,218 17,248,356 $ - $ 4,993,801 $ $ 20,572,019 3,323,663 3,323,663 General Revenues:
Taxes:
Property taxes 20,538,669 - 20,538,669
Sales taxes 5,820,189 - 5,820,189
Franchise taxes 1,196,954 - 1,196,954
Other taxes 2,100,290 - 2,100,290
Total taxes 29,656,102 - 29,656,102
Investment earnings 2,643,825 1,818,234 4,462,059
Other revenues 1,001,280 573,471 1,574,751
Total General Revenues 33,301,207 2,391,705 35,692,912
Transfers, net 8,654,194 (8,654,194) -
Total General Revenues and Transfers 41,955,401 (6,262,489) 35,692,912 Change in Net Position 12,515,252 (2,938,826) 9,576,426 Net Position - Beginning of Year 319,469,216 79,555,673 399,024,889 Prior Period Restatement, Correction of an Error 214,435 (214,435) - Net Position - Beginning of Year, as Restated 319,683,651 79,341,238 399,024,889 Net Position - End of Year $ 76,402,412 332,198,903 $ $ 408,601,315 The accompanying notes are an integral part of these financial statements.
Program Revenues
88 Page Intentionally Left Blank
89 FUND FINANCIAL
STATEMENTS
90 This page is intentionally blank
91 GOVERNMENTAL FUND FINANCIAL STATEMENTS
General Fund
The General Fund is the government's primary operating fund. It accounts for all financial resources of the general government, except those required to be accounted for in another fund.
Fire District Operations Fund
Accounts for revenues and the associated expenditures for fire services provided by the component unit fire protection district. The main sources of revenue are property taxes, assessments, and charges for services.
CDBG, CalHome and HOME Loan Development Fund
Accounts for housing rehabilitation made with Federal Community Development Grant monies.
State and Federal Grants City Fund
Accounts for grant funds received for improvements to various bus stop, curb ramps, bicycle path/trail from Chaucer Lane to existing trail, State Water Resources Control Board for recycled water projects, Urban Open Space and Recreation Program under the Safe Neighborhood Parks, Clean Water, Clean Air, Coastal Protection Bond Act of 2000.
City Capital Projects Fund
Accounts for major capital projects funded by various City sources. Major projects include Green Island Road Reconstruction/Widening and Devlin Road Extension Segment H.
Affordable Housing Capital Projects Fund
Accounts for fees collected from developers in lieu of providing affordable housing services. 92 City of American Canyon
Balance Sheet
Governmental Funds
June 30, 2025
CDBG
CalHome and State and
Fire District Home Loan Federal Grants
General Operations Development City
Fund Fund Fund Fund
ASSETS
Cash and investments $ 10,739,690 $ 4,782,355 $ 115,241 $ 2,851,797 Restricted cash and investments - 274,779 - -
Taxes receivable 1,389,399 53,534 - -
Accounts receivable 1,405,274 65,696 - -
Interest receivable 81,472 44,235 568 -
Due from other governments 137,946 - - 767,599
Prepaid items 25,253 - - -
Loans receivable - - 3,073,915 -
Due from other funds 144 444,197 - -
Total assets $ 13,779,178 $ 5,664,796 $ 3,189,724 $ 3,619,396
LIABILITIES, DEFERRED INFLOWS OF
RESOURCES AND FUND BALANCES
Liabilities:
Accounts payable $ 1,120,151 $ 123,148 $ 84,448 $ 1,544,984 Accrued expenses 246,070 138,215 - -
Unearned revenue 468,887 - - 1,536,817
Deposits payable 348,166 - - -
Due to other funds - 221,758 450,532 -
Total liabilities 2,183,274 483,121 534,980 3,081,801
Deferred Inflows of Resources:
Unavailable revenues 154,678 - 3,078,128 679,997
Total deferred inflows of resources 154,678 - 3,078,128 679,997 Fund Balances:
Nonspendable:
Prepaid items 25,253 - - -
Restricted:
Public safety 153,851 - - -
Fire District capital acquisition - 274,779 - -
Public works - - - -
Storm drain projects - - - -
Community development 993,636 - - -
Parks - - - -
Other 219,707 - - -
Committed:
Capital projects - - - -
Contingencies 7,969,629 1,392,733 - -
Pensions 101,585 - - -
Assigned:
Fire operations - 3,514,163 - -
Unassigned 1,977,565 - (423,384) (142,402)
Total fund balances 11,441,226 5,181,675 (423,384) (142,402) Total liabilities, deferred inflows of
resources and fund balances $ 13,779,178 $ 5,664,796 $ 3,189,724 $ 3,619,396 The accompanying notes are an integral part Continued
Major Funds
of these financial statements.
93 City of American Canyon
Balance Sheet
Governmental Funds
June 30, 2025
ASSETS
Cash and investments
Restricted cash and investments
Taxes receivable
Accounts receivable
Interest receivable
Due from other governments
Prepaid items
Loans receivable
Due from other funds
Total assets
LIABILITIES, DEFERRED INFLOWS OF
RESOURCES AND FUND BALANCES
Liabilities:
Accounts payable
Accrued expenses
Unearned revenue
Deposits payable
Due to other funds
Total liabilities
Deferred Inflows of Resources:
Unavailable revenues
Total deferred inflows of resources
Fund Balances:
Nonspendable:
Prepaid items
Restricted:
Public safety
Fire District capital acquisition
Public works
Storm drain projects
Community development
Parks
Other
Committed:
Capital projects
Contingencies
Pensions
Assigned:
Fire operations
Unassigned
Total fund balances
Total liabilities, deferred inflows of
resources and fund balances
The accompanying notes are an integral part
Affordable
City Housing
Capital Capital Nonmajor Total
Projects Projects Governmental Governmental
Fund Fund Funds Funds
$ 1,448,470 $ 1,391,412 $ 34,280,966 $ 55,609,931
- - 324,128 598,907
- - 562,991 2,005,924
82,795 - 190,012 1,743,777
- 7,056 167,289 300,620
60,541 - 94,663 1,060,749
- - - 25,253
- 5,382,771 95,427 8,552,113
- - - 444,341
$ 1,591,806 $ 6,781,239 $ 35,715,476 $ 70,341,615
$ 264,853 $ 54,750 $ 1,263,286 $ 4,455,620
- - - 384,285
- - - 2,005,704
- - - 348,166
- - 1,165,714 1,838,004
264,853 54,750 2,429,000 9,031,779
- 5,382,771 190,090 9,485,664
- 5,382,771 190,090 9,485,664
- - - 25,253
- - 1,517,618 1,671,469
- - - 274,779
1,326,953 - 20,229,787 21,556,740
- - 5,324,126 5,324,126
- 1,343,718 146,307 2,483,661
- - 2,315,769 2,315,769
- - - 219,707
- - 4,756,985 4,756,985
- - - 9,362,362
- - - 101,585
- - - 3,514,163
- - (1,194,206) 217,573
1,326,953 1,343,718 33,096,386 51,824,172
$ 1,591,806 $ 6,781,239 $ 35,715,476 $ 70,341,615
Concluded
Major Funds
of these financial statements.
94 City of American Canyon
Reconciliation of the Government Funds Balance Sheet
to the Government-Wide Statement of Net Position
June 30, 2025
Total Fund Balances - Total Governmental Funds $ 51,824,172 Amounts reported for governmental activities in the statement of net position were different because:
Capital assets used in governmental activities were not current financial resources. Therefore, they were not reported in the Governmental Funds Balance Sheet. The capital assets were adjusted as follows:
Capital assets 366,667,073
Less: accumulated depreciation (72,912,120)
Total Capital Assets 293,754,953
Interest payable on long-term debt did not require current financial resources. Therefore, interest payable was not reported as a liability in Governmental Funds Balance Sheet. (21,842) Internal service funds are used by management to charge the costs of vehicles and equipment replacement to individual funds. The assets and liabilities of the internal service funds are included in governmental activities. 1,800,144
The differences from benefit plan assumptions and estimates versus actuals are not included in the plan's actuarial study until the next fiscal year and are reported as deferred inflows or deferred outflows of resources in the statement of net position. 6,805,273 Liabilities were reported for certain revenues that were not available to pay current period expenditures and were reported as unearned in the fund statements. 9,485,664 Long-term obligations were not due and payable in the current period. Therefore, they were not reported in the Governmental Funds Balance Sheet. The long-term liabilities were adjusted as follows:
Long-term debt (5,736,884)
Claims payable (146,119)
Compensated absences (1,148,889)
Net pension liability (17,083,194)
Total OPEB liability (7,334,375)
Total Long-Term Obligations (31,449,461)
Net Position of Governmental Activities $ 332,198,903
The accompanying notes are an integral part of these financial statements. 95 Page Intentionally Left Blank
96 City of American Canyon
Combining Statement of Revenues, Expenditures, and Changes in Fund Balances Governmental Funds
For the Year Ended June 30, 2025
CDBG
CalHome and State and
Fire District Home Loan Federal Grants
General Operations Development City
Fund Fund Fund Fund
REVENUES
Property taxes $ 14,284,966 $ 6,223,249 $ - $ -
Sales taxes 3,888,031 - - -
Other taxes 2,814,946 846,532 - -
Special assessments - - - -
Fine and forfeitures 159,844 - - -
License and permits 846,896 - - -
Intergovernmental 108,851 128,503 - 2,620,535
Charges for services 1,566,926 519,814 - -
Use of money and property 968,110 207,930 5,260 48,382
Miscellaneous 681,046 461,845 27,024 -
Total Revenues 25,319,616 8,387,873 32,284 2,668,917
EXPENDITURES
Current:
General government 8,764,618 - - 38,103
Public safety 10,246,022 8,468,886 - -
Public works 4,512,631 - - -
Community development 2,734,935 - 311,120 -
Parks and recreation 2,642,610 - - -
Storm drain 466,023 - - -
Capital outlay 154,616 181,430 - -
Debt service
Principal - 250,000 - -
Interest - 36,907 - -
Total Expenditures 29,521,455 8,937,223 311,120 38,103
Excess (Deficiency) of
Revenues over Expenditures (4,201,839) (549,350) (278,836) 2,630,814
OTHER FINANCING SOURCES (USES)
Transfers in 4,619,557 225,000 - -
Transfers out (538,483) (46,546) - (2,442,643)
Total Other Financing Sources (Uses) 4,081,074 178,454 - (2,442,643) Net Change in Fund Balances (120,765) (370,896) (278,836) 188,171 Fund Balances Beginning 11,561,991 5,552,571 (144,548) (330,573) Fund Balances Ending $ 11,441,226 $ 5,181,675 $ (423,384) $ (142,402) The accompanying notes are an integral part Continued
of these financial statements.
Major Funds
97 City of American Canyon
Combining Statement of Revenues, Expenditures, and Changes in Fund Balances Governmental Funds
For the Year Ended June 30, 2025
REVENUES
Property taxes
Sales taxes
Other taxes
Special assessments
Fine and forfeitures
License and permits
Intergovernmental
Charges for services
Use of money and property
Miscellaneous
Total Revenues
EXPENDITURES
Current:
General government
Public safety
Public works
Community development
Parks and recreation
Storm drain
Capital outlay
Debt service
Principal
Interest
Total Expenditures
Excess (Deficiency) of
Revenues over Expenditures
OTHER FINANCING SOURCES (USES)
Transfers in
Transfers out
Total Other Financing Sources (Uses)
Net Change in Fund Balances
Fund Balances Beginning
Fund Balances Ending
The accompanying notes are an integral part
of these financial statements.
Affordable
City Housing
Capital Capital Nonmajor Total
Projects Projects Governmental Governmental
Fund Fund Funds Funds
$ - $ - $ - $ 20,508,215
- - 1,932,158 5,820,189
- - - 3,661,478
- - 736,088 736,088
- - - 159,844
- - - 846,896
- - 1,550,679 4,408,568
- 673,851 1,949,281 4,709,872
24,215 61,279 1,580,048 2,895,224
512,336 - 93,926 1,776,177
536,551 735,130 7,842,180 45,522,551
20,333 - 261,555 9,084,609
- - 14,566 18,729,474
- - 562,192 5,074,823
- 54,750 - 3,100,805
- - - 2,642,610
- - - 466,023
12,410,849 - - 12,746,895
- - 423,971 673,971
- - 104,672 141,579
12,431,182 54,750 1,366,956 52,660,789
(11,894,631) 680,380 6,475,224 (7,138,238)
12,016,713 - 560,030 17,421,300
- - (5,739,434) (8,767,106)
12,016,713 - (5,179,404) 8,654,194
122,082 680,380 1,295,820 1,515,956
1,204,871 663,338 31,800,566 50,308,216
$ 1,326,953 $ 1,343,718 $ 33,096,386 $ 51,824,172
Concluded
Major Funds
98 City of American Canyon
Reconciliation of the Governmental Funds Statement of Revenues, Expenditures and Changes in Fund Balances to the Government-Wide Statement of Activities
For the Year Ended June 30, 2025
Net Change in Fund Balances - Total Governmental Funds $ 1,515,956 Amounts reported for governmental activities in the Statement of Activities and Changes in net position were different because:
Governmental Funds report capital outlay as expenditures. However, in the Government-Wide Statement of Activities and Changes in net position, the cost of those assets was allocated over their estimated useful lives as depreciation expense.
Capital additions 16,724,862
Depreciation expense (4,420,124)
Gains and losses related to capital assets in the statement of activities do not require the use of current financial resources and, therefore, are not reported as expenditures in governmental funds but have been allocated by funciton in the Statement of Activities. (11,717) Compensated absences not required to be paid with current financial resources are not reported in the governmental funds, but are accrued as noncurrent liabilities in the Government Wide Statement Net Position. The change from prior year accrued compensated absences is reported in the applicable (310,415) program expense.
Certain revenues were not recorded or were deferred inflows in the governmental funds because they did not meet the revenue recognition criteria of availability. However, they were included as revenue in the Government-Wide Statement of Activities under the full accrual basis. (260,221) In governmental funds, actual contributions to benefit plans are reported as expenditures in the year incurred. However, in the government-wide statement of activities, only the current year benefit expense as noted in the plans' valuation reports is reported as an expense, as adjusted for deferred inflows and outflows of resources. (1,451,674)
Repayment of long-term debt was an expenditure in governmental funds, but the repayment reduced long-term liabilities in the Government-Wide Statement of Net Position. 673,971 Some expenses reported in the statement of activities do not require the use of current financial resources but are expenses as consumed or incurred. (359,000)
Internal service funds are used by management to charge the costs of vehicles and equipment replacement to individual funds. The assets and liabilities of the internal service funds are included in governmental activities. 454,040
Certain expenses reported in the statement of activities do not require the use of current financial resources and are not reported as expenditures in the fund statements as follows:
Insurance claims (46,391)
Interest expense on long-term debt was reported in the Government-Wide Statement of Activities and Changes in net position, but it did not require the use of current financial resources. Therefore, interest expense was not reported as expenditures in governmental funds. The following amount represented the net change in accrued interest from from prior year. 5,965
Change in Net Position of Governmental Activities $ 12,515,252 The accompanying notes are an integral part of these financial statements. 99 PROPRIETARY FUND FINANCIAL STATEMENTS
Water Fund
Accounts for the operations of the City’s water treatment and distribution system.
Wastewater Fund
Accounts for the operation of the City’s wastewater treatment plant and collection facilities.
Recycled Water Enterprise Fund
Accounts for the operation of the City’s recycled water collection and distribution system.
Internal Service Funds
Account for building maintenance, fleet, information technology and legal services provided to other departments or agencies of the City on a cost-reimbursement basis. 100
City of American Canyon
Statement of Net Position
Proprietary Funds
June 30, 2025
Governmental
Activities
Total
Recycled Enterprise
Water Wastewater Water Funds
ASSETS
Current assets:
Cash and investments $ 10,667,480 $ 1,346,648 $ 12,017,562 3,434 $ $ 2,358,049 Accounts receivable, net 1,327,579 773,276 58,155 2,159,010 - Interest receivable 145,972 36,654 - 182,626 7,675
Prepaid items 4,829 5,100 877 10,806 980
Due from other funds 668,500 4,562,426 - 5,230,926 -
Total current assets 12,814,360 6,724,104 62,466 19,600,930 2,366,704 Noncurrent assets:
Restricted cash and investments 9,089,628 943,760 - 10,033,388 - Advances to other funds 1,076,620 5,445,003 - 6,521,623 - Capital assets:
Nondepreciable 2,977,518 1,625,321 11,434 4,614,273 -
Depreciable, net of accumulated depreciation 22,531,346 25,267,552 8,729,496 56,528,394 2,320,528 Total capital assets, net 25,508,864 26,892,873 8,740,930 61,142,667 2,320,528 Total noncurrent assets 35,675,112 33,281,636 8,740,930 77,697,678 2,320,528 Total assets $ 48,489,472 $ 40,005,740 $ 8,803,396 $ 97,298,608 $ 4,687,232
DEFERRED OUTFLOWS OF RESOURCES
Pension adjustments $ 421,611 $ 537,310 $ 78,777 $ 1,037,698 $ 134,730 OPEB adjustments 581,518 608,298 15,303 1,205,119 122,425 Total deferred outflows of resources $ 1,003,129 $ 1,145,608 $ 94,080 $ 2,242,817 $ 257,155
LIABILITIES
Current liabilities:
Accounts payable $ 1,858,165 $ 766,546.0 $ 17,242.0 $ 2,641,953 $ 338,655 Accrued expenses 41,798 40,420 8,326 90,544 6,266
Interest payable - - - - 17,057
Due to other funds 1,419,285 964,258 1,244,024 3,627,567 209,696 Deposits payable 161,691 44,185 - 205,876 -
Compensated absences, current portion 95,746 89,502 22,896 208,144 13,112 Long-term debt, current portion 152,731 180,996 - 333,727 717,742 Total current liabilities 3,729,416 2,085,907 1,292,488 7,107,811 1,302,528 Noncurrent liabilities:
Advances from other funds - - 6,521,623 6,521,623 -
Compensated absences 79,930 75,759 17,232 172,921 26,465 Net pension liability 1,320,756 1,683,202 246,781 3,250,739 422,061 Net OPEB liability 932,336 975,272 24,535 1,932,143 196,281 Long-term debt 1,130,320 2,313,574 - 3,443,894 1,120,684 Total noncurrent liabilities 3,463,342 5,047,807 6,810,171 15,321,320 1,765,491 Total liabilities $ 7,192,758 $ 7,133,714 $ 8,102,659 $ 22,429,131 $ 3,068,019
DEFERRED INFLOWS OF RESOURCES
Pension adjustments $ 59,087 $ 75,302 $ 11,040 $ 145,429 $ 18,882 OPEB adjustments 272,371 284,914 7,168 564,453 57,342
Total deferred inflows of resources $ 331,458 $ 360,216 $ 18,208 $ 709,882 $ 76,224
NET POSITION
Net Investment in capital assets $ 24,225,813 $ 24,398,303 $ 8,740,930 $ 57,365,046 $ 482,102 Restricted for capacity expansion 9,089,628 943,760 - 10,033,388 - Unrestricted 8,652,944 8,315,355 (7,964,321) 9,003,978 1,318,042 Total net position $ 41,968,385 $ 33,657,418 $ 776,609 $ 76,402,412 $ 1,800,144 The accompanying notes are an integral part of these financial statements.
Internal Service
Funds
Business-Type Activities - Enterprise Funds
101
City of American Canyon
Statement of Revenues, Expenses and Changes in Fund Net Position Proprietary Funds
For the Year Ended June 30, 2025
Total
Recycled Enterprise
Water Wastewater Water Funds
OPERATING REVENUES
Charges for services $ 9,385,475 $ 5,560,214 $ 283,352 $ 15,229,041 $ 4,311,007 Other 253,377 95,800 - 349,177 -
Total operating revenues 9,638,852 5,656,014 283,352 15,578,218 4,311,007
OPERATING EXPENSES
Employee services 2,242,148 2,248,702 358,963 4,849,813 558,470 Maintenance and operations 5,608,038 2,572,886 347,669 8,528,593 2,492,083 Depreciation 1,529,608 1,709,518 396,935 3,636,061 816,967 Total operating expenses 9,379,794 6,531,106 1,103,567 17,014,467 3,867,520 Operating income (loss) 259,058 (875,092) (820,215) (1,436,249) 443,487
NONOPERATING REVENUES (EXPENSES)
Investment earnings 1,342,783 475,438 13 1,818,234 71,701 Other revenue 578,817 20,073 - 598,890 15,000
Interest expense (68,445) (100,578) (64,866) (233,889) (81,876) Gain (loss) on disposal of capital assets - (25,419) - (25,419) 5,728 Total nonoperating revenues (expenses) 1,853,155 369,514 (64,853) 2,157,816 10,553 Income (loss) before operating transfers 2,112,213 (505,578) (885,068) 721,567 454,040
CONTRIBUTIONS AND TRANSFERS
Capital contributions 2,521,195 1,969,162 503,444 4,993,801 - Transfers out (6,372,149) (2,008,353) (273,692) (8,654,194) - Total transfers (3,850,954) (39,191) 229,752 (3,660,393) - Change in net position (1,738,741) (544,769) (655,316) (2,938,826) 454,040 Total net position - beginning 43,707,126 34,202,187 1,431,925 79,341,238 1,346,104 Total net position - ending $ 41,968,385 $ 33,657,418 $ 776,609 $ 76,402,412 $ 1,800,144 The accompanying notes are an integral part of these financial statements.
Business-Type Activities - Enterprise Funds
Governmental
Activities
Internal
Service Funds
102
City of American Canyon
Statement of Cash Flows
Proprietary Funds
For the Year Ended June 30, 2025
Total
Recycled Enterprise
Water Wastewater Water Funds
Cash flows from operating activities:
Receipts from customers $ 9,935,443 $ 5,551,955 $ 254,230 $ 15,741,628 -$ Receipts from interfund charges for services - - - - 4,315,707 Payments to employees and related benefits (2,011,125) (2,024,766) (354,035) (4,389,926) (514,979) Payments to suppliers (4,513,675) (2,046,041) (346,897) (6,906,613) (2,361,589) Net cash provided (used) by operating activities 3,410,643 1,481,148 (446,702) 4,445,089 1,439,139 Cash flows from noncapital financing activities:
Receipts from grants and other 578,817 20,073 - 598,890 15,000 Interfund transfers (6,372,149) (6,629,134) 521,519 (12,479,764) 209,696 Net cash provided (used) by noncapital financing act. (5,793,332) (6,609,061) 521,519 (11,880,874) 224,696 Cash flows from capital financing activities:
Acquisition of capital assets (3,108,957) (2,491,658) (503,444) (6,104,059) (1,065,163) Receipts (payments) on interfund advances 61,558 (54,037) (7,521) - - Proceeds from capital contributions 2,521,195 1,969,162 503,444 4,993,801 - Proceeds from sale of capital assets - - - - 5,728
Proceeds from long-term debt - - - - 1,007,870
Principal payments on long-term debt (160,891) (177,477) - (338,368) (830,948) Interest paid on long-term debt (68,445) (100,578) (64,866) (233,889) (74,022) Net cash provided (used) by capital financing act. (755,540) (854,588) (72,387) (1,682,515) (956,535) Cash flows from investing activities:
Investment receipts 1,336,802 491,188 1,828,003 13 71,484 Net cash provided (used) by investing activities 1,336,802 491,188 1,828,003 13 71,484 Net increase (decrease) in cash and cash equivalents (1,801,427) (5,491,313) 2,443 (7,290,297) 778,784 Cash and cash equivalents - beginning 21,558,535 7,781,721 29,341,247 991 1,579,265 Cash and cash equivalents - ending $ 19,757,108 $ 2,290,408 $ 3,434 $ 22,050,950 $ 2,358,049 Reconciliation of cash and cash Equivalents
Cash and investments $ 10,667,480 $ 1,346,648 $ 3,434 12,017,562 $ 2,358,049 Restricted cash and investments 9,089,628 943,760 - 10,033,388 - Cash and cash equivalents - ending $ 19,757,108 $ 2,290,408 $ 3,434 $ 22,050,950 $ 2,358,049 Reconciliation of operating income to net cash provided (used) by operating activities:
Operating income (loss) $ 259,058 $ (875,092) $ (820,215) $ (1,436,249) $ 443,487 Adjustments to reconcile operating income (loss) .
to net cash provided (used) by operating activities:
Depreciation 1,529,608 1,709,518 396,935 3,636,061 816,967 Change in operating assets and liabilities:
Accounts receivables 302,480 (104,059) (29,122) 169,299 4,700 Prepaid items (751) (555) (770) (2,076) 25,877
Deferred outflows of resources 71,280 133,091 39,171 243,542 34,309 Accounts payable 1,095,114 527,400 1,542 1,624,056 104,617 Accrued expenses 13,933 9,416 760 24,109 (2,670)
Deposits payable (5,889) - - (5,889) -
Compensated absences 66,393 80,990 11,398 158,781 12,328 Net pension liability 11,318 (64,818) (45,671) (99,171) (12,806) Net OPEB liability (29,682) (31,801) (213) (61,696) (6,784) Deferred inflows of resources 97,781 97,058 (517) 194,322 19,114 Net cash provided (used) by operating activities $ 3,410,643 $ 1,481,148 $ (446,702) $ 4,445,089 $ 1,439,139 The accompanying notes are an integral part of these financial statements.
Governmental
Business-Type Activities - Enterprise Funds Activities
Internal Service
Funds
103
FIDUCIARY FUND FINANCIAL STATEMENTS
Fiduciary Funds
These funds are used to account for assets held by the City in a fiduciary capacity for special assessment districts. They consist entirely of Custodial Funds. The financial activities of these funds are excluded from the City-wide financial statements but are presented in separate Fiduciary Fund financial statements.
104
City of American Canyon
Fiduciary Funds
Statement of Fiduciary Net Position
June 30, 2025
Custodial
Funds
ASSETS
Current assets:
Cash and investments $ 6,495,894
Restricted Cash and investments 6,301,302
Taxes receivable 27,148
Accounts receivable -
Interest receivable 29,695
Total Assets $ 12,854,039
LIABILITIES
Current liabilities:
Accounts payable $ 4,000
Interest payable 183,666
Total Liabilities $ 187,666
NET POSITION
Individuals, organizations and other governments 12,666,373 Total Net Position $ 12,666,373
The accompanying notes are an integral part of these financial statements. 105
City of American Canyon
Fiduciary Funds
Statement of Changes in Fiduciary Net Position
For the Year Ended June 30, 2025
Custodial
Funds
ADDITIONS
Special and assessments $ 2,275,446
Tourist business improvement tax 139,377
Interest and investment earnings 470,491
Debt issuance 5,098,112
Other 8,150
Total additions 7,991,576
DEDUCTIONS
Maintenance and operations 331,760
Debt service:
Principal 1,084,200
Interest 967,367
Total deductions 2,383,327
Change in net position 5,608,249
Total net position - beginning 7,058,124
Total net position - ending $ 12,666,373
The accompanying notes are an integral part of these financial statements. 106
Page Intentionally Left Blank
107
NOTES TO THE BASIC
FINANCIAL STATEMENTS
108
City of American Canyon
Notes to the Basic Financial Statements
June 30, 2025
NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
The basic financial statements of the City of American Canyon, California (City) have been prepared in conformity with generally accepted accounting principles (GAAP) as applied to governmental agencies.
The Governmental Accounting Standards Board (GASB) is the accepted standard setting body for establishing governmental accounting and financial reporting principles. The more significant of the City’s accounting policies are described below.
A. Financial Reporting Entity
The City was incorporated as a general law city in 1992. The City operates under the Council-Manager form of government and provides the following services: public safety (police and fire), highways and streets, water, wastewater, culture-recreation, public improvements, planning and zoning, transit and general administration.
The financial statements of the City include the financial activities of the City and its component units.
The American Canyon Financing Authority and American Canyon Fire Protection District are legally separate entities for which the City is financially accountable and they are governed by the elected City Council. The Authority was formed to provide a method of financing public improvements, and the Fire District became part of the City when it was incorporated in 1992. The City has full accountability for the Authority’s fiscal affairs. Management of the City has operational responsibility for the Fire District. The financial activities of the Authority and the Fire District are blended with those of the City and are reported in the City’s governmental funds, and as capital assets and debt obligations of the City. Blended component units, although legally separate entities, are, in substance, part of the government’s operations and so data from these units are combined with data of the primary government. Separate component unit financial reports are not prepared.
The City is a member of joint powers authorities (JPA) in which the City has only a residual equity interest in the related entity. The City is not liable for the liabilities of the entities if they dissolve under the related JPA agreement. However, Senate Bill 1912, effective January 1, 2019, requires members of a JPA that participates in a public retirement system to agree on the apportionment of the JPA’s retirement liability to the members of the JPA if the JPA dissolves or otherwise terminates its contract with the public retirement system. The City is a member of the following JPAs: Napa Valley Transportation Authority (transit services), Napa Valley Transportation and Planning Agency (transportation planning), North Bay Water Reuse Authority (water conservation and recycling) and Napa County Stormwater Management Program (pollution prevention program), Napa County Stormwater Management Program (stormwater management) and Cooperative Joint Powers Dispatching Services Agreement (fire dispatching). The City is also a member of the insurance JPA’s discussed in the following notes. The financial statements of the JPAs are available on the websites of the related entities, if applicable.
B. Basis of Presentation, Accounting and Measurement Focus The accounts of the City are organized on the basis of funds, each of which is considered a separate accounting entity. The operations of each fund are accounted for with a separate set of self-balancing accounts that comprise its assets, deferred outflows of resources, liabilities, deferred inflows of resources, fund equity, revenues, and expenditures or expenses, as appropriate. These funds are established for the purpose of carrying out specific activities or certain objectives in accordance with specific regulations, restrictions, or limitations. Governmental resources are allocated to and accounted for in individual funds 109
City of American Canyon
Notes to the Basic Financial Statements
June 30, 2025
based upon the purposes for which they are to be spent and the means by which spending activities are controlled.
Government-Wide Financial Statements
The City's government-wide financial statements include a Statement of Net Position and a Statement of Activities and Changes in Net Position. These statements present summaries of governmental and business-type activities for the City. Internal Service Funds activities are excluded to avoid “doubling up” revenues and expenses. Fiduciary activities of the City are not included in these statements.
Governmental activities, which normally are supported by taxes and intergovernmental revenues, are reported separately from business-type activities, which rely to a significant extent on fees and charges for support.
These statements are presented on an "economic resources" measurement focus and the accrual basis of accounting. Accordingly, all of the City's assets, deferred outflows of resources, liabilities, deferred inflows of resources, are included in the accompanying Statement of Net Position. The Statement of Activities presents changes in net position. Under the accrual basis of accounting, revenues are recognized in the period in which they are earned while expenses are recognized in the period in which the liability is incurred. The Statement of Activities demonstrates the degree to which the direct expenses of a given function or segment is offset by program revenues. Direct expenses are those clearly identifiable with a specific function or segment.
Certain types of transactions are reported as program revenues for the City in three categories:
Charges for services
Operating grants and contributions
Capital grants and contributions
Separate financial statements are provided for governmental funds and proprietary funds. Major individual governmental funds and major individual enterprise funds are reported as separate columns in the fund financial statements.
Certain eliminations have been made as prescribed by GASB Statement No. 34 in-regards-to interfund activities, payables, and receivables. All internal balances in the Statement of Net Position have been eliminated except those representing balances between the governmental activities and the business-type activities, which are presented as internal balances and eliminated in the total primary government column. In the Statement of Activities, internal fund transactions have been eliminated; however, those transactions between governmental and business-type activities have not been eliminated. The following interfund activities have been eliminated:
Due to/from other funds
Advances to/from other funds
Transfers in/Transfers out
The City applies all applicable GASB Pronouncements including all Interpretations currently in effect. 110
City of American Canyon
Notes to the Basic Financial Statements
June 30, 2025
Governmental Fund Financial Statements
Governmental fund financial statements include a Balance Sheet and a Statement of Revenues, Expenditures and Changes in Fund Balances for all major governmental funds and non-major funds aggregated. An accompanying schedule is presented to reconcile and explain the differences in net position as presented in these statements to the net position presented in the government-wide financial statements. The City has presented all major funds that met the applicable criteria.
All governmental funds are accounted for on a spending or "current financial resources" measurement focus and the modified accrual basis of accounting. Accordingly, only current assets, deferred outflows of resources, current liabilities, and deferred inflows of resources are included on the balance sheets. The Statement of Revenues, Expenditures and Changes in Fund Balances present increases (revenues and other financing sources) and decreases (expenditures and other financing uses) in net current assets.
Under the modified accrual basis of accounting, revenues are recognized in the accounting period in which they become both measurable and available to finance expenditures of the current period.
Accordingly, revenues are recorded when received in cash, except that revenues subject to accrual (up to 60 days after year-end) are recognized when due. Non-exchange transactions, in which the City gives or receives value without directly receiving or giving equal value in exchange, include taxes, grants, entitlements, and donations. On the accrual basis, revenue from taxes is recognized in the fiscal year for which the taxes are levied or assessed.
Revenues from grants, entitlements, and donations are recognized in the fiscal year in which all eligibility requirements have been satisfied. Grant revenues are recognized in the fiscal year in which all eligibility requirements are met. Under the terms of grant agreements, the City may fund certain programs with a combination of cost reimbursement grants, categorical block grants, and general revenues. Thus, both restricted and unrestricted net position may be available to finance program expenditures. The City’s policy is to first apply restricted grant resources to such programs, followed by general revenues if necessary.
Certain indirect costs are included in program expenses reported for individual functions and activities.
Expenditures are recorded when the related fund liability is incurred, except for principal and interest on general long-term debt, claims and judgments, and compensated absences, which are recognized as expenditures to the extent they have matured. Governmental capital asset acquisitions are reported as expenditures in governmental funds. Proceeds of governmental long-term debt and acquisitions under capital leases are reported as other financing sources. Those revenues susceptible to accrual at both the City-wide and fund level are property, sales and franchise taxes, current service charges, and interest revenue. Fines, licenses and permits are not susceptible to accrual because they are not measurable until received in cash.
The City reports the following funds as major funds:
General Fund
The General Fund is the general operating fund of the City. It is used for all financial resources except those required to be accounted for in another fund.
111
City of American Canyon
Notes to the Basic Financial Statements
June 30, 2025
Fire District Operations Fund
Accounts for revenues and the associated expenditures for fire services provided by the component unit fire protection district. The main sources of revenue are property taxes, assessments, and charges for services.
CDBG, CalHome and HOME Loan Development Fund
Accounts for housing rehabilitation made with Federal Community Development Grant monies.
State and Federal Grants City Fund
Accounts for grant funds received for improvements to various bus stop, curb ramps, bicycle path/trail from Chaucer Lane to existing trail, State Water Resources Control Board for recycled water projects, Urban Open Space and Recreation Program under the Safe Neighborhood Parks, Clean Water, Clean Air, Coastal Protection Bond Act of 2000.
City Capital Projects Fund
Accounts for major capital projects funded by various City sources. Major projects include Green Island Road Reconstruction/Widening and Devlin Road Extension Segment H.
Affordable Housing Capital Projects Fund
Accounts for fees collected from developers in lieu of providing affordable housing services.
Proprietary Funds
In the fund financial statements, proprietary funds are presented using the accrual basis of accounting.
Revenues are recognized when they are earned and expenses are recognized when the related goods or services are delivered. In the fund financial statements, proprietary funds are presented using the “economic resources measurement focus”. This means all assets, deferred outflows of resources, liabilities (whether current or noncurrent) and deferred inflows of resources associated with their activities are included on their balance sheets. Proprietary fund type operating statements present increases (revenues) and decreases (expenses) in total net position.
Proprietary fund operating revenues, such as charges for services, result from exchange transactions associated with principal activity of the fund. Exchange transactions are those in which each party receives and gives up essentially equal value. Non-operating revenues, such as subsidies, taxes, and investment earnings result from nonexchange transactions or ancillary activities. Amounts paid to acquire capital assets are capitalized as assets in the proprietary fund financial statements.
The City has the following enterprise fund that have been reported as major:
Water Fund
Accounts for the operations of the City’s water treatment and distribution system.
Wastewater Fund
Accounts for the operation of the City’s wastewater treatment plant and collection facilities.
Recycled Water Enterprise Fund
Accounts for the operation of the City’s recycled water collection and distribution system. 112
City of American Canyon
Notes to the Basic Financial Statements
June 30, 2025
The City also reports the following fund types:
Internal Service Funds
Account for building maintenance, fleet, information technology and legal services provided to other departments or agencies of the City on a cost-reimbursement basis.
Fiduciary Funds
These funds are used to account for assets held by the City in a fiduciary capacity for special assessment districts. They consist entirely of Custodial Funds. The financial activities of these funds are excluded from the City-wide financial statements but are presented in separate Fiduciary Fund financial statements.
Fiduciary Fund Financial Statements include a statement of net position and a statement of changes in net position. The accounting used for fiduciary funds is much like that used for proprietary funds using the full accrual basis of accounting.
C. Cash, Cash Equivalents and Investments
The City is authorized to invest in the State of California Local Agency Investment Fund, the Sonoma County Treasurer's Pool, U.S. Treasury bonds, bills, and notes, obligations issued by US Government agencies, bankers acceptances, repurchase agreements, certain money market and mutual funds, time deposits and savings and demand accounts. The City's cash and cash equivalents are considered to be cash on hand, demand deposits, and short-term investments with original maturities of three months or less from the date of acquisition.
Fair Value Measurements - The City categorizes its fair value measurements within the 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 market prices in active markets for identical assets; Level 2 inputs are significant other observable inputs, and level 3 inputs are significant unobservable inputs. The City has no significant separately held investments and its funds are invested primarily in the Sonoma County Treasurer's Investment Pool.
For the purpose of the statement of cash flows, the City considers all pooled cash and investments (consisting of cash and investments and restricted cash and investments) held by the City as cash and cash equivalents because the pool is used essentially as a demand deposit account from the standpoint of the funds. The City also considers all non-pooled cash and investments (consisting of cash with fiscal agent and restricted cash and investments held by fiscal agent) as cash and cash equivalents because investments meet the criteria for cash equivalents defined above.
D. Restricted Cash and Investments
Certain proceeds of long-term debt are classified as restricted assets on the balance sheet because their use is limited by applicable bond covenants. Restricted cash includes the “reserve” account used to report resources set aside to make up potential future deficiencies in the bond’s debt service. Restricted cash also includes unspent proceeds of special assessment debt transferred to City capital projects funds. The restricted assets in the Proprietary Funds also include amounts collected that are restricted for capacity expansion.
E. Prepaid Items
Certain payments to vendors reflect costs applicable to future accounting periods and are recorded as prepaid items. In governmental funds, prepaid items are accounted for using the consumption method and a portion of 113
City of American Canyon
Notes to the Basic Financial Statements
June 30, 2025
fund balance equal to the prepaid items has been offset by nonspendable fund balance to indicate that is not available for appropriation.
F. Interfund Receivables and Payables
Activity between funds that are representative of lending/borrowing arrangements outstanding at the end of the fiscal year are referred to as either “due to/from other funds” or “advances to/from other funds.” Advances between funds, as reported in the fund financial statements, are offset by a fund balance reserve account in applicable government funds to indicate that they are not available for appropriation and are not expendable available financial resources. The City considers all trade and property tax receivables to be fully collectible and therefore no allowance for uncollectible accounts is considered necessary.
Interfund loans are formal agreements where one fund lends money to another fund with a documented expectation of repayment. Interfund loans are typically used for temporary financing for specific projects or to cover cash shortfalls, and they are expected to be repaid with interest. Any residual balances outstanding between the governmental activities and business-type activities are reported in the government-wide financial statements as “internal balances.” G. Receivables
Billed, but unpaid, services provided are recorded as accounts receivable. Revenues earned but not collected by year-end are accrued. No allowance for uncollectible accounts receivable has been provided in the governmental funds as management has determined that uncollectible accounts have historically been immaterial and the direct write-off method does not result in a material difference from the allowance method. The City reported an allowance of $479,534 in the enterprise funds for accounts that may not be collectible.
H. Loans Receivable
Repayments of the outstanding loans are classified as a revenue source in the fund where the original loans were made from. The portion of loans receivable deemed to be unavailable have been offset by Unavailable Revenues in the accompanying financial statements, which is a part of deferred inflows of resources.
I. Capital Assets
All capital assets are valued at historical cost or estimated historical cost if actual historical cost is not available. Contributed capital assets are valued at their estimated acquisition value on the date contributed, which is the price that would be paid to acquire an asset with equivalent service potential in an orderly market transaction at the acquisition date. The City defines capital assets as equipment, vehicles, furniture and fixtures with an initial individual cost of more than $5,000 ($50,000 for infrastructure type assets) and an estimated useful life in excess of one year (30-75 years for infrastructure assets) with the exception of Federally funded acquisitions, which are $5,000 or more. Land is capitalized at an initial individual cost of more than $150,000. The cost of normal maintenance and repairs that do not add to the value of the asset or materially extend assets lives are not capitalized.
Intangible right-to-use assets are amortized over the shorter of the lease term or the useful life of the underlying asset, unless the lease contains a purchase option that the City has determined is reasonably certain of being exercised, then the lease asset is amortized over the useful life of the underlying asset.
Intangible right-to-use subscription assets are amortized over the shorter of the subscription term or the useful life of the underlying asset.
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Depreciation is provided using the straight-line method which means the cost of the asset is divided by its expected useful life in years and the result is charged to expense each year until the asset is fully depreciated. Major outlays for capital assets and improvements are capitalized as projects are constructed.
The City has assigned the useful lives listed below to capital assets:
Depreciation is recorded on a straight-line basis over the useful lives of the assets as follows:
Public domain infrastructure 50-75 Years
Buildings and improvements 20-30 Years
System infrastructure-utility 60 Years
Vehicles and equipment 2-15 Years
The cost of assets sold or retired and the related amounts of accumulated depreciation are eliminated from the statement of net position in the year of sale or retirement, and the resulting gain or loss is recognized in operations.
J. Deferred Outflows/Deferred Inflows
In addition to assets, the statement of financial position or balance sheet will sometimes report a separate section for deferred outflows of resources. This separate financial statement element, deferred outflows of resources, represents a consumption of net assets that applies to a future period(s) and so will not be recognized as an outflow of resources (expense/expenditure) until then.
In addition to liabilities, the statement of financial position or balance sheet will sometimes report a separate section for deferred inflows of resources. This separate financial statement element, deferred inflows of resources, represents an acquisition of net assets that applies to a future period(s) and so will not be recognized as an inflow of resources (revenue) until that time.
K. Interest Payable
In the government-wide and proprietary fund financial statements, interest payable for long-term debt is recognized as an incurred liability. The City has not allocated the interest on long-term debt to departments. In the fund financial statements, governmental fund types do not recognize the interest payable when the liability is incurred. Interest on long-term debt is recorded in the governmental fund statements when payment is made.
L. Unearned Revenue
Unearned revenue arises when assets are received before revenue recognition criteria have been satisfied.
Grants and entitlements received before eligibility requirements are met are recorded as unearned revenue. In the governmental fund financial statements, receivables associated with non-exchange transactions that will not be collected within the availability period have been recorded as deferred inflows from unavailable revenue.
M. Compensated Absences
The City recognizes a liability for compensated absences for leave time that (1) has been earned for services previously rendered by employees, (2) accumulates and is allowed to be carried over to subsequent years, and (3) is more likely than not to be used as time off or settled during or upon 115
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separation from employment. Based on the criteria listed, two types of leave qualify for liability recognition for compensated absences – vacation and sick leave. The liability for compensated absences is reported as incurred in the government-wide and proprietary fund financial statements. The liability for compensated absences includes salary-related taxes and benefits, where applicable.
Vacation
The City’s policy permits employees to accumulate earned but unused vacation benefits, which are eligible for payment at the employee’s current pay rate upon separation from employment.
Sick Leave
The City’s policy permits employees to accumulate earned but unused sick leave. A liability for the estimated value of sick leave that will be used by employees is included in the liability for compensated absences.
N. Long-Term Liabilities
In the government-wide financial statements and proprietary fund statements, long-term debt and other long-term obligations are reported as liabilities in the applicable governmental or business-type activities.
Bond premiums and discounts are deferred and amortized over the life of the bonds using the straight-line method. Bonds payable are reported net of the applicable bond premium or discount. Debt issuance costs are expensed in year incurred. In the fund financial statements, governmental fund types recognize bond premiums and discounts, as well as bond issuance costs, during the current period. The face amount of debt issued is reported as other financial sources. Premiums received on debt issuance are reported as other financing sources while discounts on debt issuance reported as other financing uses. Issuance costs, whether or not withheld from the actual debt proceeds received, are reported as debt service expenditures.
O. Lease Liabilities
When applicable, the City recognizes a lease liability and an intangible right‐to‐use lease asset (capital asset) in the government‐wide financial statements.
At the commencement of a lease, the City initially measures the lease liability at the present value of payments expected to be made during the lease term. Subsequently, the lease liability is reduced by the principal portion of lease payments made. The lease asset is initially measured as the initial amount of the lease liability, adjusted for lease payments made at or before the lease commencement date, plus certain initial direct costs. Subsequently, the lease asset is amortized on a straight‐line basis over its useful life.
Key estimates and judgments related to leases include how the City determines (1) the discount rate it uses to discount the expected lease payments to present value, (2) lease term, and (3) lease payments. The City uses the interest rate charged by the lessor as the discount rate. When the interest rate charged by the lessor is not provided, the City generally uses its estimated incremental borrowing rate as the discount rate for leases.
The lease term includes the noncancellable period of the lease. Lease payments included in the measurement of the lease liability are composed of fixed payments and purchase option price that the City is reasonably certain to exercise.
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The City monitors changes in circumstances that would require a remeasurement of its lease and will remeasure the lease asset and liability if certain changes occur that are expected to significantly affect the amount of the lease liability.
Lease assets are reported separately with capital assets as right of use assets and lease liabilities are reported with long-term liabilities in the statement of net position.
P. Benefit Plans
Pension Expense
For purposes of measuring the net pension liability and deferred outflows/inflows of resources related to pensions, and pension expense, information about the fiduciary net position of the City’s California Public Employees’ Retirement System (CalPERS) plans (the Plans) and additions to/deductions from the Plans’ fiduciary net position have been determined on the same basis as they are reported by CalPERS.
For this purpose, benefit payments (including refunds of employee contributions) are recognized when due and payable in accordance with the benefit terms. Investments are reported at fair value.
For this report, the following timeframes are used:
Valuation Date June 30, 2023
Measurement Date June 30, 2024
Measurement Period July 1, 2023 to June 30, 2024
Other Postemployment Benefits
For purposes of measuring the net OPEB liability, deferred outflows of resources and deferred inflows of resources related to OPEB, and OPEB expense, information about the fiduciary net position of the City’s plan (OPEB Plan) and additions to/deductions from the OPEB Plan's fiduciary net position have been determined on the same basis. For this purpose, benefit payments are recognized when currently due and payable in accordance with the benefit terms. Investments are reported at fair value. Generally accepted accounting principles required 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 June 30, 2023
Measurement Date June 30, 2024
Measurement Period July 1, 2023 to June 30, 2024
Q. Fund Balances
In accordance with Government Accounting Standards Board 54, Fund Balance Reporting and Governmental Fund Type Definitions, the City classifies governmental fund balances as follows:
Nonspendable
Nonspendable fund balance represents balances set aside to indicate items that do not represent available, spendable resources even though they are a component of assets. Fund balances required to be maintained intact, such as Permanent Funds, and assets not expected to be converted to cash, such as prepaids, notes receivable, leases receivable in excess of deferred inflows of resources and land held for redevelopment are included. However, if proceeds realized from the sale or collection of nonspendable assets are 117
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restricted, committed, or assigned, then Nonspendable amounts are required to be presented as a component of the applicable category.
Restricted
Restricted fund balances have external restrictions imposed by creditors, grantors, contributors, laws, regulations, or enabling legislation which requires the resources to be used only for specific purpose.
Encumbrances and nonspendable amounts subject to restrictions are included along with spendable resources.
Committed
The City Council, as the City’s highest level of decision-making authority, may commit fund balance for specific purposes pursuant to the constraints imposed by formal actions taken, such as an ordinance or resolution. These committed amounts cannot be used for any other purpose unless the City Council removes or changes the specified use through the same type of formal action taken to establish the commitment. City Council action to commit fund balance needs to occur within the fiscal reporting period; however the specific amounts can be determined subsequently.
Assigned
Assigned fund balances are amounts constrained by the City’s intent to be used for a specific purpose, but are neither restricted nor committed. Intent is expressed by the City Council or management and may be changed at the discretion of the City Council or management.
Unassigned
Unassigned fund balance represents residual amounts that have not been restricted, committed, or assigned. This includes the residual general fund balance and residual fund deficits, if any, of other governmental funds.
The Fire District Board has established a contingency reserve which may only be used in the event the City experiences a 10% reduction in the operations fund property tax revenue or in the event of a declared emergency as defined by Health and Safety Code §13901. The reserve may also only be used according to a resolution of the governing body.
The City Council has established a General Fund contingency reserve which can only be used in the event the City experiences a 10% reduction in discretionary General Fund revenue compared to the prior fiscal year or in the event of a declared emergency as defined by Municipal Code 2.48.020.
Flow Assumption / Spending Order Policy
When expenditures are incurred for purposes for which both restricted and unrestricted fund balance is available, the City considers restricted funds to be spent first. When expenditures are incurred for which committed, assigned, or unassigned fund balances are available, the City considers amounts to be spent first out of committed funds, then assigned funds, and finally unassigned funds, as needed, unless the City Council has directed otherwise.
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R. Net Position
In the government-wide financial statements, net position is classified in the following categories:
Net Investment in Capital Assets
This amount consists of capital assets net of accumulated depreciation and reduced by outstanding debt that are attributed to the acquisition, construction, or improvement of the assets. In addition, deferred outflows of resources and deferred inflows of resources that are attributable to the acquisition, construction, or improvement of those assets or related debt also are included in the net investment in capital assets component of net position.
Restricted Net Position
This amount is restricted by external creditors, grantors, contributors, or laws or regulations of other governments.
Unrestricted Net Position
This amount is all net position that does not meet the definition of "net investment in capital assets" or "restricted net position." The detail of amounts reported for each of the above defined net position categories is reported in the government-wide Statement of Net Position.
Use of Restricted/Unrestricted Net Position
When an expense is incurred for purposes for which both restricted and unrestricted net position are available, the City's policy is to apply restricted net position first.
S. Interfund Transactions
Interfund services provided and used are accounted for as revenue, expenditures or expenses, as appropriate. Transactions that constitute reimbursements to a fund for expenditures/expenses initially made from it that are properly applicable to another fund are recorded as expenditures/expenses in the reimbursed fund. All other interfund transactions, except for interfund services provided and used and reimbursements, are reported as transfers. Nonrecurring or nonroutine permanent transfers of equity are reported as residual equity transfers. All other interfund transfers are reported as transfers.
T. Property Taxes and Special Assessments
Under California law, property taxes are assessed and collected by the counties at a rate of up to 1% of assessed value, plus other increases approved by the voters. Property taxes go into a pool and are then allocated to cities based on complex formulas. Property taxes are collected by the Auditor-Controller Treasurer-Tax Collector of the County of Sonoma (County) and are remitted upon collection to the various taxing entities, including the City.
For assessment and collection purposes, property is classified as either “secured” or “unsecured” and is listed accordingly on separate parts of the assessment roll. The “secured roll” is that part of the assessment roll containing State-assessed property and real property having a tax lien that is sufficient, in the opinion of the County Assessor, to secure payment of the taxes. Unsecured property comprises all taxable property not attached to land, such as personal property or business property. Every tax levied by a county that becomes a lien on secured property has priority over all present and future private liens arising pursuant to State law on the secured property, regardless of the time of the creation of the other 119
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liens. A tax levied on unsecured property does not become a lien against the taxed unsecured property, but may become a lien on other property owned by the taxpayer.
Valuation of secured property and establishment of a statutory tax lien occur as of January 1 prior to the tax year (the tax year is the July 1 – June 30 fiscal year of the State) of the related tax levy, and the secured and unsecured tax rolls are certified on or before July 31 of the tax year by the County Assessor.
The County assesses property values, levies bills, and collects taxes as follows:
Secured Unsecured
Lien Dates January 1 January 1
Levy Dates January 1 January 1
Due Dates 50% on November 1
50% on March 1
July 1
Delinquent After December 10 (for November)
April 10 (for February
August 31
Property taxes are recorded as revenue when received, in the fiscal year of levy, due to the adoption of the “alternative method of property tax distribution”, known as the Teeter Plan, by the City and County of Sonoma. The Teeter Plan authorizes the Auditor-Controller Treasurer-Tax Collector of the County of Sonoma to allocate 100% of the secured property taxes billed, but not yet paid.
U. Budgetary Information
Annual budgets are adopted on a basis consistent with generally accepted accounting principles for all government funds except the State and Federal Grants – Fire Special Revenue Fund and the Engie Fire Debt Service Fund. All annual appropriations lapse at fiscal year-end.
The appropriated budget is prepared by fund, department, division, object and line item. The City’s department managers may make transfers of appropriations within a division. Transfers of appropriations between divisions require the approval of the City Manager. The legal level of budgetary control (i.e., the level at which expenditures may not legally exceed appropriations) is the fund level. All budget amounts presented in the accompanying financial statements have been adjusted for legally authorized revisions of the annual budgets during the year. Amounts represent the original budgeted amounts and all supplemental appropriations. The supplemental appropriations were immaterial.
Expenditures exceeded the final budgeted appropriations in the following funds during the year:
Fund Excess
Fire District Operations Fund $ 104,818
Community Facilities District 6,901
Engie Fire Debt Service 21,546
The excess amounts were mainly due to unexpected costs. Budgets were not prepared for the Engie Fire Debt Service Fund for fiscal year 2025.
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V. Use of Estimates
The preparation of basic financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect certain reported amounts and disclosures. Accordingly, actual results could differ from those estimates.
W. Implementation of New Accounting Pronouncements
GASB Statement No. 101, Compensated Absences
This Statement requires that liabilities for compensated absences be recognized for (1) leave that has not been used and (2) leave that has been used but not yet paid in cash or settled through noncash means. A liability should be recognized for leave that has not been used if (a) the leave is attributable to services already rendered, (b) the leave accumulates, and (c) the leave is more likely than not to be used for time off or otherwise paid in cash or settled through noncash means. Leave is attributable to services already rendered when an employee has performed the services required to earn the leave. Leave that accumulates is carried forward from the reporting period in which it is earned to a future reporting period during which it may be used for time off or otherwise paid or settled. In estimating the leave that is more likely than not to be used or otherwise paid or settled, a government should consider relevant factors such as employment policies related to compensated absences and historical information about the use or payment of compensated absences. However, leave that is more likely than not to be settled through conversion to defined benefit postemployment benefits should not be included in a liability for compensated absences.
This Statement requires that a liability for certain types of compensated absences - including parental leave, military leave, and jury duty leave—not be recognized until the leave commences. This Statement also requires that a liability for specific types of compensated absences not be recognized until the leave is used. A liability for leave that has been used but not yet paid or settled should be measured at the amount of the cash payment or noncash settlement to be made. Certain salary-related payments that are directly and incrementally associated with payments for leave also should be included in the measurement of the liabilities. The implementation of this standard did not have a material impact on the City’s financial statements.
GASB Statement No. 102, Certain Risk Disclosures
This Statement requires a government to assess whether a concentration or constraint makes the primary government reporting unit or other reporting units that report a liability for revenue debt vulnerable to the risk of a substantial impact. Additionally, this Statement requires a government to assess whether an event or events associated with a concentration or constraint that could cause the substantial impact have occurred, have begun to occur, or are more likely than not to begin to occur within 12 months of the date the financial statements are issued.
If a government determines that those criteria for disclosure have been met for a concentration or constraint, it should disclose information in notes to financial statements in sufficient detail to enable users of financial statements to understand the nature of the circumstances disclosed and the government’s vulnerability to the risk of a substantial impact. The disclosure should include descriptions for (1) the concentration or constraint (2) each event associated with the concentration or constraint that could cause a substantial impact if the event had occurred or had begun to occur prior to the issuance of 121
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the financial statements (3) actions taken by the government prior to the issuance of the financial statements to mitigate the risk.
The implementation of this standard did not have a material impact on the City’s financial statements and management determined there were no were concentrations or constraints that make the City vulnerable to the risk of substantial impact.
X. Upcoming New Accounting Pronouncements
The City is currently analyzing its accounting practices to identify the potential impact on the financial statements of the following GASB Statements:
GASB Statement No. 103, Financial Reporting Model Improvements This Statement is to improve key components of the financial reporting model to enhance its effectiveness in providing information that is essential for decision making and assessing a government’s accountability.
This Statement establishes new accounting and financial reporting requirements or modifies existing requirements related to (a) Management’s discussion and analysis (MD&A) (b) Unusual or infrequent items (c) Presentation of the proprietary fund statement of revenues, expenses, and changes in fund net position (d) Information about major component units in basic financial statements (5) Budgetary comparison information (6) Financial trend information in the statistical section. The requirements of this Statement are effective for fiscal years beginning after June 15, 2025, and all reporting periods thereafter.
GASB Statement No. 104, Disclosure of Certain Capital Assets This Statement requires certain types of capital assets to be disclosed separately in the capital assets note disclosures required by Statement 34. Lease assets recognized in accordance with Statement No. 87, Leases, and intangible right-to-use assets recognized in accordance with Statement No. 94, Public-Private and Public-Public Partnerships and Availability Payment Arrangements, should be disclosed separately by major class of underlying asset in the capital as-sets note disclosures. Subscription assets recognized in accordance with Statement No. 96, Subscription-Based Information Technology Arrangements, also should be separately disclosed. In addition, this Statement requires intangible assets other than those three types to be disclosed separately by major class.
This Statement also requires additional disclosures for capital assets held for sale. A capital asset is a capital asset held for sale if (a) the government has decided to pursue the sale of the capital asset and (b) it is probable that the sale will be finalized within one year of the financial statement date. Governments should consider relevant factors to evaluate the likelihood of the capital asset being sold within the established time frame. This Statement requires that capital assets held for sale be evaluated each reporting period. Governments should disclose (1) the ending balance of capital assets held for sale, with separate disclosure for historical cost and accumulated depreciation by major class of asset, and (2) the carrying amount of debt for which the capital assets held for sale are pledged as collateral for each major class of asset. The requirements of this Statement are effective for fiscal years beginning after June 15, 2025, and all reporting periods thereafter.
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NOTE 2 - CASH AND INVESTMENTS
As of June 30, 2025, cash and investments were reported in the financial statements as follows:
Governmental Business-type
Activities Activities Total
Cash and investments $ 57,967,980 $ 12,017,562 $ 6,495,894 $ 76,481,436 Restricted cash and investments 598,907 10,033,388 6,301,302 16,933,597 Total cash and investments $ 58,566,887 $ 22,050,950 $ 12,797,196 $ 93,415,033 Government Wide
Statement of Net Position
Fiduciary
Funds
Cash and investments consisted of the following as of June 30, 2025:
Deposits:
Cash on hand $ 2,000
Cash in banks 1,520,653
Total deposits 1,522,653
Investments:
Cash with fiscal agents 6,900,209
Local Agency Investment Fund (LAIF) 24,872,658
California Asset Management Program (CAMP) 29,671,696
Brokerage Investments 30,447,817
Total investments 91,892,380
Total cash and investments $ 93,415,033
Cash Deposits
The California Government Code requires California banks and savings and loan associations to secure the City's cash deposits by pledging securities as collateral. This Code states that collateral pledged in this manner shall have the effect of perfecting a security interest, and places the City ahead of general creditors of the institution. The fair value of pledged securities must equal at least 110 percent of the City's cash deposits. California law also allows institutions to secure City deposits by pledging first trust deed mortgage notes that have a value of 150 percent of the City's total cash deposits. The City has waived the collateral requirements for cash deposits which are fully insured to $250,000 by the Federal Deposit Insurance Corporation (FDIC).
The bank balances before reconciling items totaled $2,334,327 at June 30, 2025 and were different from carrying amounts due to deposits in transit and outstanding checks. The amount uninsured was $1,834,327 which was collateralized by securities held by pledging financial institutions. The City follows the practice of pooling cash and investments of all funds, except for funds required to be held by fiscal agents. Interest income earned on pooled cash and investments is allocated to the various funds based on the period-end cash and investment balances. Interest income from cash and investments with fiscal agents is credited directly to the related fund. 123
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Fair Value Measurements
GASB 72 established a hierarchy of inputs to the valuation techniques with three levels:
Level 1 inputs are quoted prices in active markets for identical assets or liabilities. Level 2 inputs are quoted market prices for similar assets or liabilities, quoted prices for identical or similar assets or liabilities in markets that are not active, or other than quoted prices that are not observable
Level 3 inputs are unobservable inputs, such as a property valuation or an appraisal.
Investment Policy
Under the provisions of the City's investment policy, and in accordance with California Government Code, the following investments are authorized:
Minimum Maximum Maximum
Maximum Credit Percentage Investment of
Authorized Investment Type Maturity Quality of Portfolio One Issuer Local Agency Bonds 5 years A 30% 5%
U.S. Treasury Obligations 5 years None None None
State of California Obligations 5 years None None None
California Local Agency Obligations 5 years A 30% 5%
U.S. Agency Obligations 5 years None None 30%
Bankers' Acceptances 180 days A-1 40% 5%
Commercial Paper 270 days A-1/P-1/F-1 25% 10%CP/5%Port
Negotiable Certificate of Deposit 5 years A-1 30% 5%
Federally Insured Time Deposits 5 years None 20% (Collat) Max Insured Collateralized Time Deposits 5 years None 20% (Fed Ins) Per CA Law Certificate of Deposit Placement Service 5 years None 30% None Collateralized Bank Deposits 5 years None None None
Repurchase Agreements 1 year None None None
Medium-Term Notes 5 years A 30% 5%
Mutual Funds N/A AAA/Aaa 20% 10%
Money Market Funds N/A AAA/Aaa 20% 20%
ABS, Mortgage-Pass Through Securities 5 years AA 20% 5% Supranational Notes 5 years AA 30% 10%
County Pooled Investment Funds N/A None None None
Joint Powers Authority Pool N/A None None None
California Local Agency Investment Fund N/A None None None California Asset Management Program (CAMP) N/A None None None Investments Authorized by Debt Agreements
The City must maintain required amounts of cash and investments with trustees or fiscal agents under the terms of certain debt issues. These funds are unexpended bond proceeds or pledged reserves to be used if the City fails to meet its obligations under these debt issues. The California Government Code requires these funds to be invested in accordance with City resolutions, bond indentures or State statutes. The table below identifies the investment types that are authorized for investments held by fiscal agents. The bond indentures contain no limitations for the maximum investment in any one issuer or the maximum percentage of the portfolio that may be invested in any one investment type. 124
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The following table also identifies certain provisions of these debt agreements:
Maximum Minimum
Authorized Investment Type Maturity Credit Quality
Bankers' Acceptances 360 days A-1
U.S. Treasury Bills and Notes None N/A
State General Obligations None A
Municipal Obligations None Aaa/AAA
U.S. Government Agency Securities None AAA
U.S. Government Sponsored Securities None AAA
Federal Housing Administration Debentures None N/A
Medium Term Notes 5 years A
Commercial Paper 270 days A-1+
California Local Agency Investment Fund N/A N/A
Money Market Fund N/A AAm
Defeasance Securities N/A N/A
Pre-refunded Municipal Obligations None AAA
Investment Agreements N/A AA
Unsecured Certificates of Deposit 30 days A-1
CalTrust None N/A
Local Agency Investment Fund (LAIF)
The City is a voluntary participant in the Local Agency Investment Fund (LAIF) that is regulated by Code Section 16429 under the oversight of the Treasurer of the State of California. The City’s investments with LAIF at June 30, 2025 include a portion of the pool funds invested in Structured Notes and Asset-Backed Securities. These investments included structure notes and asset-backed securities described below.
Structured Notes are debt securities (other than asset-backed securities) whose cash flow characteristics (coupon rate, redemption amount, or stated maturity) depend upon one or more indices and/or have embedded forwards or options.
Asset-Backed Securities, the bulk of which are mortgage backed securities, entitle their purchasers to receive a share of the cash flows from a pool of assets such as principal and interest repayments from a pool of mortgages (such as collateralized mortgage obligations) or credit card receivables.
The LAIF fair value factor of 1.001198310 was used to calculate the fair value of the investments in LAIF. The City is also a voluntary participant in the Sonoma County Investment Pool (County Pool) that is regulated by the County’s Investment Policy under the oversight of the Treasury of the County. The County does not provide the City with a fair value factor, and the City’s fair value of its position in the pool is the same as the value of the pool shares.
California Asset Management Program (CAMP)
The California Asset Management Program (“CAMP” or the “Program”) is a California Joint Powers Authority (“JPA”) established in 1989 to provide California public agencies with professional investment services. Investments offered through the Cash Reserve Portfolio (the “Pool” or the “CAMP Pool”) are permitted for all local agencies under California Government Code Section 53601(p). The Program also offers educational resources, market updates and arbitrage rebate compliance services. 125
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CAMP is directed by a Board of Trustees, which is made up of experienced local government finance directors and treasurers. The City invested in the CAMP Pool as of June 30, 2025. The CAMP Pool is a fully liquid, stable net asset value (NAV) investment option stresses daily liquidity and safety of principal as the two primary objectives, as underscored by its AAAm* rating from Standard & Poor’s. Earning a competitive yield is a third goal after safety and liquidity.
Restricted Cash and Investments
Funds deposited with fiscal agents can be held in cash or invested in various securities. The fiscal agents can invest in securities as outlined in trust agreements, provided the investments are within the limits imposed by state statutes. These investments include money market mutual funds which are rated in the highest category by Moody’s.
A. Risk Disclosures
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, an investment with a longer maturity date has a greater sensitivity of its fair value to be subject to changes in market interest rates. In accordance with the City’s investment policy, exposure to interest rate risk is mitigated by purchasing a combination of shorter term and longer term investments and by timing cash flows from maturities so that a portion of the portfolio is maturing or coming close to maturity evenly over time as necessary to provide the cash flow and liquidity needed for operations.
Credit Risk
Generally, credit risk is the risk that an issuer of an investment will not fulfill its obligation to the holder of an investment. This is measured by the assignment of a rating by a nationally recognized statistical rating organization. As of June 30, 2025, the City’s investments were in compliance with the ratings required by the City’s investment policy and Government Code.
Concentrations 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. As of June 30, 2025, the City was in compliance with the concentration requirements of the City’s investment policy and government code.
Custodial Credit Risk
For an investment, custodial credit risk is the risk that, in the event of the failure of the counterparty, the City will not be able to recover the value of its investments or collateral securities that are in the possession of an outside 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 investments.
With respect to investments, custodial credit risk generally applies only to direct investments in marketable securities. Custodial credit risk does not apply to a local government's indirect investment in securities through the use of mutual funds or government investment pools (such as LAIF and CAMP). 126
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Notes to the Basic Financial Statements
June 30, 2025
As of June 30, 2025, the City’s investments consisted of the following:
12 Months
or Less 1-5 years Fair Value
Concentrations RatingsFair Value
Input Levels
LAIF $ 24,872,658 -$ 24,872,658 $ 27.1% n/a n/a
Brokerage Investments:
Money Market 169,339 - 169,339 0.2% AAA Level 1
Agency - 3,161,200 3,161,200 3.4% AA+ Level 2
Agency MBS - 926,710 926,710 1.0% AAA Level 2
Asset Backed - 1,168,567 1,168,567 1.3% AAA Level 2
Corporate 680,564 6,622,644 7,303,208 7.9% A-/AA Level 2 Non U.S. Government - 1,195,003 1,195,003 1.3% AAA Level 2 U.S. Government 343,373 16,179,626 16,522,999 18.0% AA+ Level 2 Cash Equivalents 791 - 791 0.0% n/a n/a
CAMP 29,671,696 - 29,671,696 32.3% n/a n/a
Cash With Fiscal Agents:
Money Market 6,900,209 - 6,900,209 7.5% AAA Level 1
Total Investments $ 55,738,421 $ 29,253,750 $ 91,892,380 100% Investment Type
Maturity
NOTE 3 - LOANS RECEIVABLE
As of June 30, 2025, loans receivable consisted of the following:
Balance Balance
July 01, 2024 Additions Deletions June 30, 2025
BEGIN Program $ 8,117,090 $ 900 $ - $ 8,117,990
Satellite Affordable Housing Association 3,113,474 54,000 - 3,167,474 Mid-Peninsula Housing Coalition Loan 2,162,319 - - 2,162,319 HOME Program 2,250,718 154,525 - 2,405,243
CDBG Housing Rehabilitation Program 411,648 6,508 11,132 407,024 CalHome Program 261,648 - - 261,648
Other 52,478 500 - 52,978
Total 16,369,375 216,433 11,132 16,574,676
Valuation Allowance (8,022,563) - - (8,022,563)
Net Loans Receivable $ 8,346,812 $ 216,433 $ 11,132 $ 8,552,113 BEGIN Program
The City was awarded $1,080,000 ($30,000 each for 36 homes) from the State of California on August 17, 2005, plus an additional $6,038,900, from Mid-Peninsula Housing Coalition (MPHC), a non-profit organization, to grant loans to qualified low-income home buyers at Vineyard Place, a subdivision comprised of 45 single-family detached homes. Loan payments are deferred for the life of the loan, or until the homeowner sells the home, whichever occurs sooner. The loans will be forgiven, in stages, commencing in the 26th year of the loan, and totally forgiven after 30 years.
Since these loans are secured by trust deeds which are subordinated to other debt on the associated projects or are only repayable from residual cash receipts on the projects, collectability of the outstanding balances may not be realized. As a result, the entire outstanding balances of the forgivable loans have been offset by a valuation allowance and is not reported on the balance sheet. 127
City of American Canyon
Notes to the Basic Financial Statements
June 30, 2025
The BEGIN Fund also includes loans of $95,427, including accrued interest, which are not required to be forgiven. However, if the amount of net sale proceeds is less than the amount due under the loan, the City may forgive the loan to the extent that the amount due under the loan exceeds the net sale proceeds.
Satellite Affordable Housing Association Loan
The City made two separate loans to Satellite Affordable Housing Association (SAHA) totaling $2,730,000 for the development of 70 affordable housing units:
Acquisition and Development: The City loaned $1,050,000 for the acquisition and $750,000 for other development costs. The loan carries a 3% interest rate over a 57-year term. As part of the agreement, the City will receive a residual share of the cash flow from the project. Construction: The City loaned $930,000 for the construction of the units. The loan is interest free over a 57-year term.
Mid-Peninsula Housing Coalition Loan
The City loaned the Mid-Peninsula Housing Coalition (MPHC) $2,265,000 interest free for the construction of the Vineyard Crossing Apartments. As part of the agreement, the City will receive a residual share of the cash flow from the project.
HOME Program
The City provides loans to qualified first time buyers through the federally funded HOME Program.
Under this program, principal and interest payments are deferred until the loan is refinanced or title to the property changes. These loans carry a 0% or 1% interest rate with a maturity of 30 years.
CDBG Housing Rehabilitation Program
The City administers a Housing Rehabilitation Loan Program using the Housing and Community Development Act funds. Under this program, residents with incomes below a certain level are eligible to receive low interest loans, secured by deeds of trust, for construction work on their homes. Federal grants are used to fund these loans. Upon approval of loans, the City disburses the funds, and arranges for and collects repayments. These loans generally have interest rates of 3%, although some are zero-interest-rate loans, and are generally due upon transfer of the home or refinancing.
CalHome Program
The City operates the CalHome Program to assist with the down payment or rehabilitation of manufactured homes. No interest accrues on the loans and principal payments are deferred until maturity.
NOTE 4 - INTERFUND TRANSACTIONS
Interfund Receivables and Payables
Amounts due to or due from other funds reflect inter-fund balances for services rendered, reimbursements, transfers, or short-term loans expected to be repaid in the next fiscal year. Advances to or from other funds are long-term loans between funds that are to be repaid in their entirety over several years. Interfund loans between funds are long-term advances that are more formal with set interest rates and repayment terms. 128
City of American Canyon
Notes to the Basic Financial Statements
June 30, 2025
The following summarizes the amounts due to or due from other funds as of June 30, 2025:
Due from Due to
Fund Other Funds Other Funds
General Fund $ 144 $ -
Fire District Operations Fund 444,197 221,758
CDBG, CalHome and Home Loan Dev. Fund - 450,532
Nonmajor Governmental Funds - 1,165,714
Water Fund 668,500 1,419,285
Wastewater Fund 4,562,426 964,258
Recycled Water Fund - 1,244,024
Internal Service Funds - 209,696
Total Due From/To $ 5,675,267 $ 5,675,267
The following summarizes interfund advances as of June 30, 2025:
Advances Advances
to from
Fund Other Funds Other Funds
Water Fund $ 1,076,620 $ -
Wastewater Fund 5,445,003 -
Recycled Water Fund - 6,521,623
Total Advances $ 6,521,623 $ 6,521,623
In December 2009, the Wastewater Enterprise Fund advanced the Water Enterprise Fund $4,907,024 for the Green Island Road Recycled Waterline project, Recycled Water Pump Station upgrade and other various construction projects. This loan accrued interest at 3% per year, but in 2021 the City Council approved Resolution 2021-269 that reduced the interest rate retroactively to the rate earned by the State of California Local Agency Investment Fund. In 2021, this advance, along with the capital assets related to the recycled water projects, were transferred to the Recycled Water Fund. In 2023, the Water Enterprise Fund advanced the Recycled Water Enterprise Fund an additional $1,136,140 for the Recycled Water System Expansion Project. As of June 30, 2025, the Recycled Water Fund owed $6,521,623 including accrued interest on the advances, $1,076,620 to the Water Fund and $5,445,003 to the Wastewater Fund. In April 2024, the City Council approved reducing the interest rate to 1% and extended the repayment length to 30 years. The City intends to establish service charges in the Recycled Water Fund sufficient to repay the advance over 30 years. 129
City of American Canyon
Notes to the Basic Financial Statements
June 30, 2025
Transfers In/Out
The following summarizes transfers between funds during the fiscal year ended June 30, 2025:
Fund Transfer in Transfer out
General Fund $ 4,619,557 $ 538,483
Fire District Operations Fund 225,000 46,546
State and Federal Grants City Fund - 2,442,643
City Capital Projects Funds 12,016,713 -
Nonmajor Governmental Funds 560,030 5,739,434
Water Fund - 6,372,149
Wastewater Fund - 2,008,353
Recycled Water Fund - 273,692
Total Transfers $ 17,421,300 $ 17,421,300
Transfers were made from the General Fund to the nonmajor funds to backfill programs in those funds and make debt service payments. Transfers were made from the Fire District Operations Fund to reimburse expenditures incurred and debt service. Transfers were made from the State and Federal Grants City Fund to the City Capital Projects Fund for infrastructure and capital outlay. Transfers were made from nonmajor funds to the General Fund and City Capital Projects Funds to reimburse expenditures incurred and fund infrastructure capital projects. Transfers were made between the Water Fund, Wastewater Fund, and Recycled Water Fund to cover cash needs during the year and for infrastructure capital outlay.
NOTE 5 - CAPITAL ASSETS
Capital assets for governmental activities consisted of the following as of June 30, 2025:
Balance Deletions/ Balance
Governmental activities: July 01, 2024 Additions Transfers Adjustments 6/30/2025 Non-depreciable:
Land $ 10,396,401 $ - $ - $ - $ 10,396,401
Street right of ways 165,187,812 - - 165,187,812
Construction in progress 11,520,126 12,369,932 (6,909,404) - 16,980,654 Total Non-Depreciable 187,104,339 12,369,932 (6,909,404) - 192,564,867 Depreciable:
Buildings and improvements 50,706,948 2,915,155 - 53,622,103 Machinery and equipment 8,632,005 324,395 - (351,527) 8,604,873 Infrastructure - streets and storm drains 106,331,912 8,100,429 - - 114,432,341 Right of use assets 1,951,300 186,843 - 102,112 2,240,255 Subscription assets 499,607 730,585 - (132,831) 1,097,361 Total Depreciable 168,121,772 12,257,407 - (382,246) 179,996,933 Less Accumulated Depreciation for:
Buildings and improvements (24,857,444) (1,688,514) - - (26,545,958) Machinery and equipment (6,954,206) (457,440) - 321,507 (7,090,139) Infrastructure - streets and storm drains (39,101,601) (2,399,934) - - (41,501,535) Right of use assets (512,884) (395,902) - (11,718) (920,504) Subscription assets (265,712) (295,301) - 132,830 (428,183) Total Accumulated Depreciation (71,691,847) (5,237,091) - 442,619 (76,486,319) Total Depreciable Capital Assets - Net 96,429,925 7,020,316 - 60,373 103,510,614 Total Capital Assets - Net $ 283,534,264 $ 19,390,248 $ (6,909,404) $ 60,373 $ 296,075,481 130
City of American Canyon
Notes to the Basic Financial Statements
June 30, 2025
Depreciation and amortization expense for governmental activities during the year was as follows:
Public safety $ 415,301
Public works 4,217,953
Storm drain 603,837
Total depreciation expense $ 5,237,091
Capital assets for business-type activities consisted of the following as of June 30, 2025:
Balance Deletions/ Balance
Business-Type Activities: July 01, 2024 Additions Transfers Adjustments June 30, 2025 Non-depreciable:
Land $ 2,208,769 $ - $ - $ - $ 2,208,769
Construction in progress 128,485 117,004 (128,485) - 117,004 Intangible assets 2,128,500 160,000 - - 2,288,500
Total Non-Depreciable 4,465,754 277,004 (128,485) - 4,614,273 Depreciable:
Buildings and improvements 12,945,165 56,000 - - 13,001,165 Water treatment and distribution 44,548,604 2,733,572 - (827,100) 46,455,076 Equipment 4,396,204 1,194,160 (39,005) (360) 5,550,999
Wastewater treatment and collection 40,337,994 1,869,980 - (887,631) 41,320,343 Recycled watrer treatment and distribution 10,718,857 411,820 - 11,130,677 Subscription technology 5,760 - - - 5,760
Total Depreciable 112,952,584 6,265,532 (39,005) (1,715,091) 117,464,020 Less Accumulated Depreciation for:
Buildings and improvements (5,688,579) (399,367) - - (6,087,946) Water treatment and distribution (25,311,410) (1,381,492) - 827,101 (25,865,801) Equipment (3,193,658) (218,783) - 39,005 (3,373,436)
Wastewater treatment and collection (21,790,436) (1,271,489) - 532,579 (22,529,346) Recycled watrer treatment and distribution (2,711,047) (362,290) - - (3,073,337) Subscription technology (3,120) (2,640) - - (5,760)
Total Accumulated Depreciation (58,698,250) (3,636,061) - 1,398,685 (60,935,626) Total Depreciable Capital Assets - Net 54,254,334 2,629,471 (39,005) (316,406) 56,528,394 Total Capital Assets - Net $ 58,720,088 $ 2,906,475 $ (167,490) $ (316,406) $ 61,142,667 Depreciation and amortization expense for business-type activities for the year was as follows:
Water 1,529,608
Wastewater 1,709,518
Recycled Water 396,935
Total depreciation expense $ 3,636,061
131
City of American Canyon
Notes to the Basic Financial Statements
June 30, 2025
NOTE 6 - NONCURRENT LIABILITIES
The City's noncurrent liabilities consisted of the following as of June 30, 2025:
Balance Balance Due Within
Description July 01, 2024 Adjustments Additions Retirements June 30, 2025 One Year Governmental Activities:
2020 City Hall Site Agreement
2.6%, due 05/01/34 $ 4,196,669 $ (4,046) $ - $ (376,399) $ 3,816,224 $ 388,668 Bank of America
ENGIE Financed Purchase
1.79%, due 06/01/36 716,254 (22) - (47,572) 668,660 48,515 Bank of America
Fire Engine Financed Purchase
2.56%, due 12/01/29 1,502,000 - - (250,000) 1,252,000 261,000 Enterprise Lease Liability 1,424,727 - 277,284 (391,620) 1,310,391 439,726 Subscription Liabilities (SBITAs) 236,778 - 730,585 (439,328) 528,035 278,016 Compensated absences 865,723 - 930,350 (607,607) 1,188,466 728,242 Claims and judgements 99,728 - 146,119 (99,728) 146,119 146,119 Net pension liability 17,878,422 - 7,504,404 (7,877,571) 17,505,255 - Net OPEB liability 7,744,737 - 5,058,370 (5,272,451) 7,530,656 - Total Governmental Activities $34,665,038 $ (4,068) $14,647,112 $(15,362,276) $33,945,806 $ 2,290,286 Balance Balance Due Within
Description July 01, 2024 Adjustments Additions Retirements June 30, 2025 One Year Business-type Activities:
State of California Davis-Grunsky
Loan 2.5%, due 12/31/27 $ 286,319 $ - $ - (75,795) $ 210,524 $ 77,689 Unamortized interest on
Davis-Grunsky Loan 49,779 - - (11,514) 38,265 -
Bank of America
ENGIE Financed Purchase
1.79%, due 06/01/36 3,779,891 - - (251,059) 3,528,832 256,038 Compensated absences 222,284 - 282,770 (123,989) 381,065 208,144 Net pension liability 3,349,910 - 1,680,267 (1,779,438) 3,250,739 - Net OPEB liability 1,993,839 - 1,373,886 (1,435,582) 1,932,143 - Total Business-type Activities $ 9,682,022 $ - $ 3,336,923 $ (3,677,377) $ 9,341,568 $ 541,871 2020 City Hall Site Agreement
In October 2020, the Financing Authority entered into an agreement in the amount of $4,569,064 in order to terminate the 2007 Lease Financing and restructure the payments on the agreement to purchase the site and construct City Hall. The terms of the agreement require semi-annual principal payments of $185,202 to $231,828 commencing on November 1, 2023, and semi-annual interest payments of $2,492 to $53,756 commencing on May 1, 2021, through May 1, 2034, which includes interest at 2.6%. In the event of default, the lender has the ability to direct and control remedies under the agreement, which includes termination of the agreement and re-lease of the property.
ENGIE Financed Purchase Agreement
In May 2020, the City entered into a purchase arrangement with a bank in the amount of $5,209,209 for equipment upgrades, replacements and installation to provide energy savings for the City. Debt service will be funded from the revenue of the General Fund, Fire District Fund, Water Fund, and Wastewater Fund. $15,354 of accrued interest was added to the principal balance by the lender after issuance during 2021. The contracts were split between governmental activities and business-type activities based on the 132
City of American Canyon
Notes to the Basic Financial Statements
June 30, 2025
proportion of future contract obligations. The contract rate is 1.79%. Monthly principal and interest payments ranging from $28,975 to $41,144 are due on the first of each month from July 1, 2021 to June 1, 2036. In the event of default, the agreement may be terminated and the equipment may be repossessed and 1% will be added to the interest rate.
Fire Engine Financed Purchase Agreement
In August 2022, the Fire District entered into a purchase arrangement with a bank in the amount of $1,842,000 for two fire trucks and equipment. Debt service will be funded from the revenue of the Fire District Fund The contract rate is 2.56%. Monthly principal and interest payments ranging from $138,640 to $150,909 are due on July 1 and December 1 through December 1, 2029. In the event of default, the agreement may be terminated and the equipment may be repossessed and 1% will be added to the interest rate.
Enterprise Lease Liability
On August 26, 2021, the City entered into a master lease agreement with Enterprise Fleet Management to lease vehicles for the City. Payments under the agreement start at $57,934 per year and finish at $23,527 through January 31, 2029. The City recorded lease assets and a lease liability for the present value of the lease payments over the lease terms. For purposes of discounting future lease payments, the City used a weighted average discount rate of 5.59% charged by the lessor. The lease assets are being amortized over 50 years, which is the remaining term of the current leases. As of June 30, 2025, the cost and accumulated amortization of the lease vehicles were $2,240,255 and $920,504, respectively. The agreement contains a default interest rate of the lesser of 18% or the highest rate permitted by law.
Subscription Based Information Technology Agreements (SBITA) The City has entered into nine subscription contracts that qualify as SBITAs. The City is required to make yearly payments ranging from $8,688 to $2,06,509 through the fiscal year ending June 30, 2027. The subscription agreements were discounted using a rate of 5%. The discount rates were based on the estimated incremental borrowing rate of the City at the SBITA commencement dates. The cost of the SBITAs included with capital assets cost was $1,097,361 and the related accumulated amortization was $428,183 as of June 30, 2025.
State of California Davis – Grunsky Loan
The City obtained a loan in an original amount of $2,050,000 from the State of California Department of Water Resources under the Davis-Grunsky Act for the purpose of financing water system improvements.
Interest payments are due each July 1 and January 1 with the final payment due December 31, 2027, ranging from $659 to $4,466. Principal payments are due each January 1 with a final payment due December 31, 2027, ranging from $53,204 to $79,631. The loan bears interest at 2.5% and is secured by a pledge to levy taxes or assessments in amounts sufficient to pay debt service. The City pays the loan from the Water enterprise fund from available resources. In the event of default, the State may take action in a court to enforce the levy and collection of taxes or assessments to pay amounts due under the agreement and may charge a default interest rate of 0.209% per month after the scheduled payment is more than 30 days past due.
133
City of American Canyon
Notes to the Basic Financial Statements
June 30, 2025
Debt Service Requirements
The following summarizes the future debt service payments for governmental activities:
Principal Interest Principal Interest Principal Interest Principal Interest 2026 $ 698,183 $ 121,966 $ 439,726 $ 58,634 $ 278,016 $ 21,449 $ 1,415,925 $ 202,049 2027 720,549 105,902 453,279 33,814 250,019 11,701 1,423,847 151,417 2028 742,824 89,348 311,481 12,447 - - 1,054,305 101,795 2029 756,274 72,380 71,812 2,883 - - 828,086 75,263
2030 627,692 54,949 34,093 641 - - 661,785 55,590
2031-2035 2,113,468 110,048 - - - - 2,113,468 110,048
2036-2040 77,894 757 - - - - 77,894 757
Total $ 5,736,884 $ 555,350 $ 1,310,391 $ 108,419 $ 528,035 $ 33,150 $ 7,575,310 $ 696,919 Governmental Activities
Year Ending
June 30
Loans Leases SBITAs Total
The following summarizes the future debt service payments for business-type activities:
Principal Interest
2026 $ 333,727 $ 65,373
2027 361,867 58,609
2028 354,921 51,735
2029 268,378 45,936
2030 286,636 40,982
2031-2035 1,722,747 118,857
2036-2040 411,080 3,996
Total $ 3,739,356 $ 385,488
Year Ending
June 30
Business-Type Activities
Loans
Special Assessment Debt Without City Commitment
As of June 30, 2025, the outstanding principal amount of bonded debt issued by special assessment districts in the City was as follows:
LaVigne AD 2013 Reassessment Revenue Refunding Loan $ 2,634,900 American Canyon Road East AD Refunding Revenue Bonds, Series 2015 8,080,000 Community Facilities District No. 2018-1 (Green Island Road Project) Special Tax Revenue Bonds, Series 2020 4,825,000
Total Special Assessment Debt $ 15,539,900
The City has no legal or moral responsibility with respect to the payment of this debt and has therefore not recorded it as a liability. The City is responsible, as the districts agent, for the districts cash receipts, disbursements and balances, which are reported as custodial fund transactions in the financial statements. 134
City of American Canyon
Notes to the Basic Financial Statements
June 30, 2025
NOTE 7 - DEFICIT FUND BALANCES
As of June 30, 2025, the following funds had deficit fund balances.
CDBG, CalHome and Home Loans Development Fund $ 423,384 State and Federal Grants City Fund $ 142,402
Transportation Fund for Clean Air $ 60,724
General Plan Update $ 171,063
Cannabis $ 14,632
Community Facilities District Capital Projects $ 889,339 Engie City Debt Service $ 17,750
Engie Fire Debt Service $ 40,698
The deficit balances were the result of expenditures reported in the current fiscal year and prior fiscal years that will be reimbursed in subsequent years, or were the result of grants that were awarded but not yet earned as revenue.
NOTE 8 - IRC SECTION 457 RETIREMENT PLANS
The City offers three deferred compensation plans under IRC Section 457: The ICMA Retirement Corporation Internal Revenue Code (IRC) Section 457 Deferred Compensation Plan (the ICMA Plan), the VALIC IRC Section 457 Deferred Compensation Plan (the VALIC Plan), and the Public Agency Retirement System Section 457 FICA Alternative Retirement Plan (FICA ARP). Benefit terms for the deferred compensation plans are established by and may be amended by the City Council subject to provisions of employment agreements. The ICMA Plan is a voluntary plan available to all City employees with the exception to members of Fire Fighters Local 1186. The VALIC Plan is available to all City employees with the exception of unrepresented part-time, temporary and seasonal employees. The FICA ARP Plan is available to unrepresented part-time, temporary and seasonal employees not eligible for other retirement plans. Employee contributions to the ICMA Plan are voluntary and the City makes no contributions. Employer and employee contributions to the VALIC Plan are discretionary. The City contributes 3.3% of employees’ pay to the FICA ARP and employees contribute a minimum of 4.2% of their compensation up to the IRC limits. Employees are fully vested in their contributions immediately after the contributions are made. For the year ended June 30, 2025, the City made contributions of $25,845 and employees made contributions of $378,517 to the deferred compensation plans.
NOTE 9 - CALPERS RETIREMENT PLANS
General Information about the Pension Plans
Plan Description
All qualified permanent and probationary employees are eligible to participate in the Public Agency CostSharing Multiple-Employer Defined Benefit Pension Plan (Plan) administered by the California Public Employees’ Retirement System (CalPERS). The Plan consists of individual rate plans (benefit tiers) within a safety risk pool (police and fire) and a miscellaneous risk pool (all other.) Plan assets may be used to pay benefits for any employer rate plan of the safety and miscellaneous risk pools. Accordingly, rate plans within the safety or miscellaneous pools are not separate plans under GASB Statement No. 68.
Individual employers may sponsor more than one rate plan in the miscellaneous or safety risk pools. The City sponsors three miscellaneous rate plans. Benefit provisions under the Plan are established by State 135
City of American Canyon
Notes to the Basic Financial Statements
June 30, 2025
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.
Although one pension plan exists, CalPERS provides the information separately for the Miscellaneous and Safety Risk Pools and the information is presented separately where available. Benefit provisions under the Plan is established by State statute and City resolution. CalPERS issues publicly available reports that include a full description of the pension plans 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 55 with statutorily reduced benefits. All members are eligible for non-duty disability benefits after 10 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 Employee’s Retirement Law. The general fund typically is used to liquidate pension liabilities for governmental funds. The Plans’ provisions and benefits in effect at June 30, 2025, are summarized as follows:
City City Fire Protection
Classic PEPRA PEPRA
Prior to On or After Prior to
January 1, 2013 January 1, 2013 January 1, 2013
Benefit formula 2.0% @ 55 2.0% @ 62 2.0% @ 62
Benefit vesting schedule 5 Years 5 Years 5 Years
Benefit payments Monthly for Life Monthly for Life Monthly for Life Retirement age 50 - 55 52 - 57 50 - 60
Monthly benefits as a
% of eligible compensation 1.426% - 2.418% 1.000% - 2.500% 2.000% - 3.000% Required employee contribution rates 7.00% 8.25% 7.75%
Required employer contribution rates 13.31% 8.18% 7.87% Miscellaneous
Fire Protection Fire Protection Fire Protection
First Tier Second Tier PEPRA
January 1, 1965 to On or after On or After
May 5, 2010 May 5, 2010 January 1, 2013
Benefit formula 3.0% @ 50 3.0% @ 55 2.7% @ 57
Benefit vesting schedule 5 Years 5 Years 5 Years
Benefit payments Monthly for Life Monthly for Life Monthly for Life Retirement age 50 - 55 50 - 55 50 - 57
Monthly benefits as a
% of eligible compensation 3.000% 2.40% - 3.00% 2.00% - 2.70% Required employee contribution rates 9.00% 9.00% 13.75% Required employer contribution rates 27.32% 24.33% 13.76% Safety
136
City of American Canyon
Notes to the Basic Financial Statements
June 30, 2025
Beginning June 29, 2019, the City and its General and Mid-Management bargaining units agreed the employees would reimburse 3.399% of the employer contribution and would equally share in any excess employer contributions exceeding 16% up to a limit of 5% of additional employee contribution. The employee reimbursement percentage was amended to 4.855% and 5% of the employer contribution on June 27, 2020 and October 5, 2021, respectively.
Employees Covered
At June 30, 2025, the following employees were covered by the benefit terms for the Plans:
Safety
City Fire Protection Fire Protection
Active 76 1 24
Transferred 53 - 11
Separated 32 - 7
Retired 116 - 35
Total 277 1 77
Miscellaneous
Contributions
Section 20814(c) of the California Public Employees’ Retirement Law 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. Funding contributions for the Plans are determined annually on an actuarial basis as of June 30 by CalPERS. The actuarially determined rates are the estimated amount necessary to finance the costs of benefits earned by employees during the year, with an additional amount to finance any unfunded accrued liability. The City is required to contribute the difference between the actuarially determined rate and the contribution rate of employees. For the year ended June 30, 2025, the contributions were as follows:
Miscellaneous Safety
City $ 1,474,237 $ -
Fire 11,140 1,273,542
Total $ 1,485,377 $ 1,273,542
Pension Liabilities, Pension Expenses and Deferred Outflows/Inflows of Resources Related to Pensions
As of June 30, 2025, the City reported a net pension liability for its proportionate share of the net pension liability of the Plan as follows:
Fire Total
Miscellaneous
Safety
Total
$ 10,666,073
-
$ 10,666,073
$ 4,395
10,085,526
$ 10,089,921
City
$ 10,670,468
10,085,526
$ 20,755,994
The City’s net pension liability for the Plans is measured as the proportionate share of the net pension liability. The net pension liability of the Plans are measured as of June 30, 2024, and the total pension liability for the Plans used to calculate the net pension liability was determined by an actuarial valuation as of June 30, 2023 rolled forward to June 30, 2024 using standard update procedures. The City’s 137
City of American Canyon
Notes to the Basic Financial Statements
June 30, 2025
proportion of the net pension liability was based on a projection of the City’s long-term share of contributions to the pension plans relative to the projected contributions of all participating employers, actuarially determined. The City’s proportionate share of the net pension liability for the Plans as of June 30, 2024 and 2025 was as follows:
City Misc Fire Misc Fire Safety
Proportion - June 30, 2024 0.21961% 0.00008% 0.13704%
Proportion - June 30, 2025 0.22053% 0.00009% 0.13833%
Change - Increase/(Decrease) 0.00092% 0.00001% 0.00129% For the year ended June 30, 2025, the City recognized pension expense of $4,193,888.
At June 30, 2025, the City reported deferred outflows of resources and deferred inflows of resources related to pensions from the following sources:
Deferred
Outflows of
Resources
Deferred
Inflows of
Resources
Changes of Assumptions $ 274,140 $ -
Differences between Expected and Actual Experience 922,180 35,983 Differences between Projected and Actual Investment Earnings 614,033 - Differences between Employer's Contributions and
Proportionate Share of Contributions - 441,190
Change in Employer's Proportion 120,225 -
Pension Contributions Made Subsequent to Measurement Date 1,474,237 - Total $ 3,404,815 $ 477,173
City Miscellaneous
Deferred
Outflows of
Resources
Deferred
Inflows of
Resources
Changes of Assumptions $ 113 $ -
Differences between Expected and Actual Experience 380 15 Differences between Projected and Actual Investment Earnings 253 - Differences between Employer's Contributions and
Proportionate Share of Contributions 9,671 -
Change in Employer's Proportion 1,380 15,422
Pension Contributions Made Subsequent to Measurement Date 11,140 - Total $ 22,937 $ 15,436
Fire Miscellaneous
138
City of American Canyon
Notes to the Basic Financial Statements
June 30, 2025
Deferred
Outflows of
Resources
Deferred
Inflows of
Resources
Changes of Assumptions $ 248,487 $ -
Differences between Expected and Actual Experience 823,069 26,761 Differences between Projected and Actual Investment Earnings 487,488 - Differences between Employer's Contributions and
Proportionate Share of Contributions 152,774 108,284
Change in Employer's Proportion 114,081 45,221
Pension Contributions Made Subsequent to Measurement Date 1,273,542 - Total $ 3,099,440 $ 180,266
Fire Safety
The City reported $2,758,919 as deferred outflows of resources related to contributions subsequent to the measurement date that will be recognized as a reduction of the net pension liability in the year ended June 30, 2026.
Other amounts reported as deferred outflows of resources and deferred inflows of resources related to pensions will be recognized as pension expense as follows:
City Misc Fire Misc Fire Safety Total
$ 456,885 $ (6,251) $ 633,832 $ 1,084,466
1,262,759 1,256 1,170,285 2,434,300
(55,818) 1,442 8,312 (46,064)
(210,420) (87) (166,796) (377,303)
$ 1,453,406 $ (3,640) $ 1,645,633 $ 3,095,399
2026
Fiscal Year Ending
June 30:
Deferred Outflows/(Inflows) of Resources
Total
2027
2028
2029
139
City of American Canyon
Notes to the Basic Financial Statements
June 30, 2025
Actuarial Assumptions
The total pension liabilities in the June 30, 2023 actuarial valuations were determined using the following actuarial assumptions:
Valuation Date June 30, 2023
Measurement Date June 30, 2024
Actuarial Cost Method Entry-Age
Normal Cost
Method
Actuarial Assumptions:
Discount Rate 6.90%
Inflation 2.30%
Payroll Growth 2.80%
Projected Salary Increase (1)
Investment Rate of Return 6.8% (2)
Mortality (3)
(1) Varies by entry age and service
(2) Net of pension plan investment expenses, including inflation (3) Derived using CalPERS' membership data for all funds Discount Rate
The discount rate used to measure the total pension liability was 6.9 percent for the Plan. To determine whether the municipal bond rate should be used in the calculation of a discount rate for the Plan, CalPERS stress tested plans that would most likely result in a discount rate that would be different from the actuarially assumed discount rate. Based on the testing, none of the tested plans run out of assets.
Therefore, the current 6.9 percent discount rate is adequate and the use of the municipal bond rate calculation is not necessary. The long-term expected discount rate of 6.9 percent will be applied to all plans in the Public Employees Retirement Fund (PERF). The stress test results are presented in a detailed report that can be obtained from the CalPERS website. The long-term expected rate of return on pension plan investments was determined using a building block method in which best-estimate ranges of 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 short-term and long-term market return expectations as well as the expected pension fund cash flows. Using historical returns of all the funds’ asset classes, expected compound returns were calculated over the short-term (first 10 years) and the long-term (11-60 years) using a building-block approach. Using the expected nominal returns for both short-term and long-term, the present value of benefits was calculated for each fund. The expected rate of return was set by calculating the single equivalent expected return that arrived at the same present value of benefits for cash flows as the one calculated using both short-term and longterm returns. The expected rate of return was then set equivalent to the single equivalent rate calculated above and rounded down to the nearest one quarter of one percent. 140
City of American Canyon
Notes to the Basic Financial Statements
June 30, 2025
The table below reflects the long-term expected real rate of return by asset class. The rate of return was calculated using the capital market assumptions applied to determine the discount rate and asset allocation. These rates of return are net of administrative expenses.
Assumed Long-Term
Asset Expected Real
Asset Class (a) Allocation Return (1)(2)
Global Equity Cap Weighted 30.00% 4.54%
Global Equity NonCap Weighted 12.00% 3.84%
Private Equity 13.00% 7.28%
Treasury 5.00% 0.27%
Mortgage-backed Securities 5.00% 0.50%
Investment Grade Corporates 10.00% 1.56%
High Yield 5.00% 2.27%
Emerging Market Debt 5.00% 2.48%
Private Debt 5.00% 3.57%
Real Assets 15.00% 3.21%
Leverage -5.00% -0.59%
Total 100.00%
(1) An expected inflation of 2.3% used for this period. (2) Figures are based on the 2021-22 Asset Liability Study.
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 for the Plans, calculated using the discount rate for the Plans, as well as what the City’s proportionate share of the net pension liability would be if it were calculated using a discount rate that is 1-percentage point lower or 1- percentage point higher than the current rate:
City Misc Fire Misc Fire Safety
1% Decrease 5.90% 5.90% 6.90%
Net Pension Liability $ 17,700,654 $ 12,518 $ 15,167,591 Current 6.90% 6.90% 7.90%
Net Pension Liability $ 10,666,073 $ 4,395 $ 10,085,526 1% Increase 7.90% 7.90% 0.00%
Net Pension Liability $ 4,875,578 $ (2,291) $ 5,929,112 Pension Plan Fiduciary Net Position
Detailed information about each pension plan’s fiduciary net position is available in the separately issued CalPERS financial reports. See https://www.calpers.ca.gov/page/investments/about-investmentoffice/investment-financial-reports?stream=top. 141
City of American Canyon
Notes to the Basic Financial Statements
June 30, 2025
NOTE 10 - DEFINED CONTRIBUTION PLAN
The City offers the City of American Canyon Internal Revenue Code (IRC) Section 401a Government Money Purchase Plan (401a Plan), a single-employer defined contribution retirement plan, to at-will management, mid-management and confidential employee unit members exempt from the Fair Labor Standards Act that are over 18 years of age. Benefit terms for the 401a Plan are established by and may be amended by the City Council subject to provisions of employment agreements. Employees are eligible to participate in the Plan on their date of hire. Employees are required to contribute 2% and the City is required to contribute 1% for mid-management and confidential employees and 2% for at-will management employees. Employees are immediately fully vested in their own contributions and City contributions. During the year ended June 30, 2025, the City and employee contributions to the 401a Plan were $62,957 and $80,370, respectively.
NOTE 11 - OTHER POSTEMPLOYMENT BENEFITS
Plan Description
The City’s defined benefit OPEB Plan (City Plan) and the Fire District’s defined benefit OPEB Plan (Fire Plan) are both agent multiple-employer defined benefit plans that provide OPEB benefits to retirees that meet eligibility requirements. The City Council has the authority to establish and amend the benefit terms of each Plan according to the Memorandum of Understanding with the labor units. The City Plan and the Fire Plan both participate in the CalPERS California Employers' Retiree Benefit Trust (CERBT) Fund, which is a Section 115 trust fund administered by CalPERS. The CERBT issues a publicly available financial statements that may be obtained from CalPERS at www.calpers.ca.gov.
City Benefits Provided
To qualify for postemployment medical benefits, an employee must be eligible for benefits and retire from the City. The City Plan does not provide dental and vision coverage. Employees must retire with CalPERS benefits to be eligible for City Plan benefits. Nondisabled participants must be at least age 50 and have five years of service. Disabled participants do not have a minimum retirement age and must have five years of service. Employees/retirees and their eligible spouses and dependents receive medical benefits offered through CalPERS.
For City retirees hired prior to July 2016 and enrolled in CalPERS health coverage, the City contributes a monthly payment equal to 100% of the current “Supplemental/Managed Monthly Employee Only Rate for Kaiser Senior Advantage” to CalPERS. CalPERS deducts the remaining cost of the medical insurance premium from the retirees account. The City reimburses the retiree for 90% of the Kaiser HMO premium rates less the payment made to CalPERS for the “Supplemental/Managed Monthly Employee Only Rate for Kaiser Senior Advantage.”
For retirees hired on or after July 2016 and enrolled in CalPERS health coverage, the City contributes a monthly payment equal to 100% of the current “Supplemental/Managed Monthly Employee Only Rate for Kaiser Senior Advantage” to CalPERS. CalPERS deducts the remaining cost of the medical premium from the retirees account. Covered dependents of eligible retirees include spouses, domestic partners, and children under age 26 and never married (or any age if handicapped, subject to CalPERS approval).
Surviving spouses of deceased retirees are covered for life on the same basis as when the retiree was alive. There are no benefits for surviving spouses or dependent children of active employees beyond COBRA continuation.
142
City of American Canyon
Notes to the Basic Financial Statements
June 30, 2025
Fire Benefits Provided
To qualify for postemployment medical benefits, an employee must be eligible for benefits and retire Employees must retire with CalPERS benefits to be eligible for Fire Plan benefits. Nondisabled participants must be at least age 50 and have five years of service. Disabled participants do not have a minimum retirement age and must have five years of service. Employees/retirees and their eligible spouses and dependents receive medical benefits offered through CalPERS. The Fire Plan offers retirees and their dependents access to dental, vision and life insurance for the remainder of their lifetime at the same premium rates applicable to active employees.
For employees hired prior to June 1, 2010, the District contributes the same amount for retirees as is contributed for similarly situated active employees. The District contributes the full premium up to 95% of the premium (determined reflecting coverage level and Basic, Combination or Supplemental rate) for the Kaiser Bay Area plan offered by CalPERS.
For employees hired on or after June 1, 2010, the Fire Plan has vesting requirements. Under the vesting program, employees must have ten years of CalPERS service, five of which must be with the City, to receive a contribution of 50%. An additional 5% contribution is received for each additional year of service up to a 100% contribution after 20 years of service. The premium paid by the Fire Plan for employees hired on or after June 1, 2010 is subject to a cap.
Employees Covered by Benefit Terms
At June 30, 2023 (the valuation date), the benefit terms covered the following employees:
City Plan Fire Plan
Active employees 71 22
Inactive employees 49 18
Total employees 120 40
Contributions
The City and the Fire District make contributions based on a pay-as-you go basis as approved by the authority of the City’s Council and the Fire District Board. Total benefit payments made in the measurement period were $690,794 for the City and $457,247 for the Fire District. The City’s contributions during the year of $1,011,633 and the Fire District’s were $412,246. Employees are not required to contribute to the OPEB Plan.
143
City of American Canyon
Notes to the Basic Financial Statements
June 30, 2025
Actuarial Assumptions
The following summarized the actuarial assumptions for the OPEB plan included in this fiscal year:
City Plan Fire Plan
Valuation Date: June 30, 2023 June 30, 2023
Measurement Date: June 30, 2024 June 30, 2024
Actuarial Cost Method: Entry-Age Normal Cost Method Entry-Age Normal Cost Method Actuarial Assumptions:
Discount Rate 6.20% 6.55%
Investment Rate of return 6.20% 6.55%
Inflation 2.50% 2.50%
Payroll Increases 3.00% 3.00%
Trend Rate 6.50% 6.00%
Mortality 2021 CalSTRS Mortality 2021 CalSTRS Mortality Termination Rates 2021 CalPERS Experience 2021 CalPERS Experience Retirement Rates Classic Fire Safety (pre-6/1/2010): 3% @ 50 Classic Fire Safety (on/after 6/1/2010): 3% @ 55
PEPRA Fire Safety (on/after 1/1/2013): 2.7% @ 57
Miscellaneous Classic: 2% @ 55
Miscellaneous PEPRA: 2% @ 62
Discount Rate
The discount rate was based on the Bond Buyer 20-bond General Obligation Index. The City’s discount rate increased from 5.6% to 6.2%. The Fire District’s discount rate increased from 6.2% to 6.55%.
Changes in the Net OPEB Liability
The following summarizes the changes in the net OPEB liability during the year ended June 30, 2025:
City Plan
Fiscal Year Ended June 30, 2025
Total OPEB
Liability
Plan Fiduciary
Net Position
Net OPEB
Liability (Asset)
Balance at June 30, 2024 $ 13,508,424 $ 7,162,657 $ 6,345,767 Service cost 463,248 - 463,248
Interest in Total OPEB Liability 763,071 - 763,071
Employer contributions - 1,003,538 (1,003,538)
Balance of diff between actual/exp experience 1,228,846 - 1,228,846 Balance of changes in assumptions (1,045,892) - (1,045,892) Actual investment income - 620,110 (620,110)
Administrative expenses - (2,396) 2,396
Benefit payments (690,794) (690,794) -
Net changes 718,479 930,458 (211,979)
Balance at June 30, 2025 $ 14,226,903 $ 8,093,115 $ 6,133,788 144
City of American Canyon
Notes to the Basic Financial Statements
June 30, 2025
Fire Plan
Fiscal Year Ended June 30, 2025
Total OPEB
Liability
Plan Fiduciary
Net Position
Net OPEB
Liability (Asset)
Balance at June 30, 2024 $ 7,380,898 $ 3,988,088 $ 3,392,810 Service cost 345,775 - 345,775
Interest in Total OPEB Liability 464,879 - 464,879
Employer contributions - 457,247 (457,247)
Balance of diff between actual/exp experience 354,617 - 354,617 Balance of changes in assumptions (335,441) - (335,441) Actual investment income - 437,682 (437,682)
Administrative expenses - (1,300) 1,300
Benefit payments (457,247) (457,247) -
Net changes 372,583 436,382 (63,799)
Balance at June 30, 2025 $ 7,753,481 $ 4,424,470 $ 3,329,011 Deferred Inflows and Outflows of Resources
At June 30, 2025, the City reported deferred outflows of resources and deferred inflows of resources related to OPEB from the following sources:
City Plan
Deferred
Outflows of
Resources
Deferred
Inflows of
Resources
Difference between actual and expected experience $ 1,091,827 $ 766,706 Difference between actual and expected earnings 265,860 Change in assumptions 1,456,453 1,025,208
OPEB contribution subsequent to measurement date 1,011,633 - Total City Plan $ 3,825,773 $ 1,791,914
Fire Plan
Deferred
Outflows of
Resources
Deferred
Inflows of
Resources
Difference between actual and expected experience $ 318,833 $ 486,220 Difference between actual and expected earnings 62,040 - Change in assumptions 657,239 333,175
OPEB contribution subsequent to measurement date 412,246 - Total Fire Plan $ 1,450,358 $ 819,395
Of the total amount reported as deferred outflows of resources related to OPEB, $1,423,879 were the result of City contributions subsequent to the measurement date and before the end of the fiscal year. 145
City of American Canyon
Notes to the Basic Financial Statements
June 30, 2025
Other amounts reported as deferred outflows of resources and deferred inflows of resources related to OPEB will be recognized in OPEB expense as follows:
Year Ended June 30, City Plan Fire Plan Total
2026 $ 347,873 $ (31,873) $ 316,000
2027 551,130 147,185 698,315
2028 215,079 (29,835) 185,244
2029 (17,374) 38,495 21,121
2030 (98,346) 78,682 (19,664)
Thereafter 23,864 16,063 39,927
Total $ 1,022,226 $ 218,717 $ 1,240,943
Rate of Return
The long-term expected rate of return on OPEB plan investments was determined using a building- block method in which expected future real rates of return (expected returns, net of OPEB plan investment expense and inflation) are developed for each major asset class. These ranges are combined to produce the long-term expected rate of return by weighting the expected future real rates of return by the target asset allocation percentage and by adding expected inflation. The target allocation and best estimates of arithmetic real rates of return for each major asset class are summarized in the table below.
Asset Class City Plan Fire Plan City Plan Fire Plan
Global Equity 34% 49% 7.10% 7.10%
Fixed Income 41% 23% 5.00% 5.00%
Real Estate Investment Trusts (REITs) 17% 20% 6.40% 6.40% Treasury Inflation-Protected Securities (TIPS) 5% 5% 3.80% 3.80% Commodities 3% 3% 4.40% 4.40%
Total 100% 100%
Target Allocation
Long-Term Expected
Rate of Return
OPEB Expense
The following summarizes the OPEB expense by source during the year ended June 30, 2025:
City Fire
Service cost $ 463,248 $ 345,775
Interest in TOL 763,071 464,879
Expected investment income (409,799) (247,221)
Difference between actual and expected experience (1,965) (165,235) Difference between actual and expected earnings 83,935 24,932 Change in assumptions 302,108 108,111
Administrative expenses 2,396 1,300
OPEB Expense $ 1,202,994 $ 532,541
146
City of American Canyon
Notes to the Basic Financial Statements
June 30, 2025
The following summarizes changes in the net OPEB liability as reconciled to OPEB expense during the year ended June 30, 2025:
City Fire
$ 6,133,788 $ 3,329,011
(6,345,767) (3,392,810)
(211,979) (63,799)
Changes in deferred outflows (263,883) 104,520
Changes in deferred inflows 674,903 92,453
Employer contributions and implicit subsidy 1,003,953 399,367 OPEB Expense $ 1,202,994 $ 532,541
Net OPEB liability ending
Net OPEB liability beginning
Change in net OPEB liability
Sensitivity to Changes in the Municipal Bond Rate
The net OPEB liability of the City, as well as what the City's net OPEB liability would be if it were calculated using a municipal bond rate (used to determine the discount rate) that is one percentage point lower or one percentage point higher, is as follows:
(1% Decrease ) 6.20% (1% Increase )
Net OPEB Liability $ 7,948,197 $ 6,133,788 $ 4,638,162
City
Discount Rate
(1% Decrease ) 6.55% (1% Increase )
Net OPEB Liability $ 4,353,280 $ 3,329,011 $ 2,489,043
Fire
Discount Rate
Sensitivity to Changes in the Healthcare Cost Trend Rates The net OPEB liability of the City, as well as what the City's net OPEB liability would be if it were calculated using healthcare cost trend rates that are one percentage point lower or one percentage point higher than current healthcare cost trend rates, is as follows:
(1% Decrease ) 6.50% (1% Increase )
Net OPEB Liability $ 4,409,772 $ 6,133,788 $ 8,259,334
City
Trend Rate
(1% Decrease ) 6.00% (1% Increase )
Net OPEB Liability $ 2,409,800 $ 3,329,011 $ 4,466,645
Fire
Trend Rate
NOTE 12 - RISK MANAGEMENT
Insurance Coverage
The City is a member of the Pooled Liability Assurance Network Joint Powers Authority (Plan JPA) for liability coverage of $1.0 million with excess liability coverage of $34 million through commercial carriers, for total coverage of $35 million, subject to a deductible of $25,000. Property and vehicle coverage through the Plan JPA is $500,000 and $100,000, respectively, with excess liability coverage 147
City of American Canyon
Notes to the Basic Financial Statements
June 30, 2025
through commercial carriers of $999,500,000, for total coverage of $1 billion, subject to a $5,000 deductible for the Plan JPA coverage and $500,000 for pooled coverage. Flood damage coverage limit is $25 million and crime coverage, including employee theft, forgery, computer fraud, identity fraud, and fund/money transfer, ranges from $25,000 to $2,000,000 with a deductible of $10,000.
The City is also a member of the Shared Agency Risk Pool (SHARP), which is administered by the Plan JPA, for worker’s compensation insurance. Workers compensation insurance is provided by SHARP up to $250,000 and excess insurance exists through the Local Agency Worker’s Compensation Excess Joint Powers Authority (LAWCX) that results in a coverage limit of up to $5,000,000 per claim. Excess commercial insurance is retained by LAWCX up to $5 million. The City has no deductible for such claims. Insurance transactions are accounted for in the City’s General Fund.
The Plan, SHARP and LAWCX are governed by boards consisting of representatives from member agencies. The boards control the operations of the Plan, SHARP and LAWCX, including selection of management and approval of operating budgets, independent of any influence by member municipalities beyond their representation on the boards. Actual surpluses or losses are shared according to a formula developed from overall loss costs and spread to member entities on a percentage basis after a retrospective rating. Audited financial statements may be obtained from the Plan, SHARP and LAWCX at 1750 Creekside Drive, Suite 200, Sacramento, CA 95833.
The component unit Fire Protection District of the City obtains general, personal injury, fire damage, medical, products/completed operations annual aggregate, umbrella, management, cyber, auto, employee dishonesty and garage keepers liability insurance through its membership in the Fire Agencies Insurance Risk Authority (FAIRA). The District transfers the risk of loss to the Authority and is covered by the Authority from $500,000 to $1,000,000 per occurrence with an aggregate limit of $11,000,000 or $2 million for employee dishonesty coverage. Deductibles range from $250 to $100,00, depending on the coverage. The Fire Association Self Insurance System, a risk sharing pool, provides workers compensation insurance coverage for the Fire District. The System is self-insured for the first $750,000 of each claim and purchases commercial insurance excess coverage up to $5,000,000. The District has no deductible for works compensation insurance.
Liability for Uninsured Worker Compensation Claims
The City’s liability for uninsured worker compensation claims, including estimated claims incurred but not reported, was estimated by management based on prior years claims experience and was computed as follows:
2025 2024
Claims payable, beginning of year $ 99,728 $ 113,638
Fiscal year claims and changes in estimates 129,452 218,125 Claims payments (83,061) (232,035)
Claims payable, end of year $ 146,119 $ 99,728
There have been no significant changes in insurance coverages in fiscal 2025. Settlements have not exceeded coverage for each of the past three fiscal years. 148
City of American Canyon
Notes to the Basic Financial Statements
June 30, 2025
NOTE 13 - COMMITMENTS AND CONTINGENCIES
Litigation
The City is subject to certain matters of litigation that may arise in the normal course of conducting City business. Management believes, based upon consultation with legal counsel, that these cases, in the aggregate, are not expected to result in a material adverse financial impact on the City. Additionally, management believes that the City's insurance programs are sufficient to cover any potential losses should an unfavorable outcome materialize.
Federal and State Grant Programs
The City participates in Federal and State grant programs. These programs are audited by the City's independent accountants if required by and in accordance with the provisions of the Uniform Guidance and applicable State requirements. For Federal programs, the City did reach the level of qualifying expenditures during the current fiscal year that would require a single audit. Expenditures which may be disallowed, if any, by the granting agencies, cannot be determined at this time. The City expects such amounts, if any, to be immaterial.
Contractor Commitments
The following summarizes the City’s commitment with contractors as of June 30, 2025:
Project
Remaining
Commitment
Civic Facilities Projects $ 35,290
Parks Projects 414,974
Public Works Projects 31,112
Transportation Projects 6,344,744
Recycled Water Projects 3,028
Wastewater Projects 7,410
$ 6,836,558
Other Commitments
The City has an agreement with the Napa County Flood Control and Water Conservation District (Napa Flood) to acquire water from the California State Water Project through the year 2035. Each year, the State determines the capital and operating costs associated with Napa Flood’s share of the North Bay Aqueduct as well a charge dependent on water deliveries. The City’s share of these costs is approximately 18%. The City is obligated to pay the capital component even if it does not receive water. The amount paid under this contract during the year ended June 30, 2025 was approximately $1.77 million, of which $704,132 was related to the capital component. A similar payment will be required each year through 2035. The State Water Project contractors and State Department of Water Resources agreed to extend the contract through 2085.
In December 2019, the Council approved an agreement for consulting services for the Comprehensive General Plan 2040 Update in an amount not to exceed $1,466,574. As of June 30, 2025, $1,073,897 has been spent on this project.
The City has a contractual relationship with Sites Project Authority (the Authority), which is developing the Sites Reservoir Project (the Project) in the Sacramento Valley. The Project is an off-river reservoir that would capture excess water from major storms to save for drier periods. Under the 2019 Reservoir 149
City of American Canyon
Notes to the Basic Financial Statements
June 30, 2025
Project Agreement, as amended, the City has agreed to pay its proportional share of yearly budgeted Authority operating costs for approved phases of the Project. The City currently has a participation of 4,000 acre-feet, resulting in a percentage participation in the Project of 2.39%, which could change based on State of California and United States Bureau of Reclamation final participation in the Project.
Participation results in rights to a “Storage Allocation” in the Project and proportional rights to any future power generation revenue developed. The Storage Allocation may be transferred by the City with the written consent of Authority members, which may not be unreasonably withheld. The City has contributed $2,268,500 to the Authority as of June 30, 2025, which is reported as a non-depreciable asset in the City’s Water Fund.
NOTE 14 - PRIOR PERIOD RESTATEMENTS
The City had the following restatements during the year:
Beginning
Balance Beginning
Previously Error Balance
Reported Corrections Restated Description
Government Wide Statements
Governmental Activities $ 319,469,216 $ 214,435 $ 319,683,651 Correction of allocations to internal service funds Business-Type Activities 79,555,673 (214,435) 79,341,238 Correction of allocations to internal service funds Total $ 399,024,889 $ - 399,024,889 $
Prior Period
Restatements
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REQUIRED SUPPLEMENTARY
INFORMATION
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City of American Canyon
Schedule of Revenues, Expenditures, and Changes in Fund Balance Budget and Actual (GAAP Basis)
General Fund
For the Year Ended June 30, 2025
Variance with
Budgeted Amounts Final Budget
Actual Positive
Original Final Amounts (Negative)
REVENUES
Property taxes $ 14,678,300 $ 15,140,300 $ 14,284,966 $ (855,334) Sales taxes 3,850,000 3,800,000 3,888,031 88,031
Other taxes 3,569,464 3,177,800 2,814,946 (362,854)
Fine and forfeitures 136,500 67,800 159,844 92,044
License and permits 1,189,000 1,199,300 846,896 (352,404) Intergovernmental 136,000 139,300 108,851 (30,449)
Charges for services 1,870,945 2,103,211 1,566,926 (536,285) Use of money and property 792,129 1,306,829 968,110 (338,719) Other 515,125 720,430 681,046 (39,384)
Total Revenues 26,737,463 27,654,970 25,319,616 (2,335,354)
EXPENDITURES
Current:
General government 8,649,416 8,958,335 8,764,618 193,717 Public safety 10,322,315 10,281,852 10,246,022 35,830
Public works 4,272,641 5,259,196 4,512,631 746,565
Community development 3,607,319 3,862,546 2,734,935 1,127,611 Parks and recreation 2,740,219 2,976,388 2,642,610 333,778 Storm drain 565,398 522,998 466,023 56,975
Capital outlay 55,500 480,630 154,616 326,014
Total Expenditures 30,212,808 32,341,945 29,521,455 2,820,490 Excess (Deficiency) of Revenues over Expenditures (3,475,345) (4,686,975) (4,201,839) 485,136
OTHER FINANCING SOURCES (USES)
Transfers in 4,831,993 4,952,993 4,619,557 (333,436)
Transfers out (787,571) (787,571) (538,483) 249,088
Total Other Financing Sources (Uses) 4,044,422 4,165,422 4,081,074 (84,348) Net Change in Fund Balance 569,077 (521,553) (120,765) 400,788 Fund Balance Beginning 11,561,991 11,561,991 11,561,991 - Fund Balance Ending $ 12,131,068 $ 11,040,438 $ 11,441,226 $ 400,788 154
City of American Canyon
Schedule of Revenues, Expenditures, and Changes in Fund Balance Budget and Actual (GAAP Basis)
Fire District Operations Fund
For the Year Ended June 30, 2025
Variance with
Budgeted Amounts Final Budget
Actual Positive
Original Final Amounts (Negative)
REVENUES
Property taxes $ 6,699,848 $ 6,492,348 $ 6,223,249 $ (269,099) Other taxes 816,000 816,000 846,532 30,532
Intergovernmental - 10,000 128,503 118,503
Charges for services 363,729 413,729 519,814 106,085
Use of money and property 158,000 150,000 207,930 57,930 Other 133,732 434,732 461,845 27,113
Total Revenues 8,171,309 8,316,809 8,387,873 71,064
EXPENDITURES
Current:
Public safety 8,303,888 8,392,934 8,468,886 (75,952)
Capital outlay 257,964 152,564 181,430 (28,866)
Debt service
Principal 250,000 250,000 250,000 -
Interest 36,907 36,907 36,907 -
Total Expenditures 8,848,759 8,832,405 8,937,223 (104,818) Excess (Deficiency) of Revenues over Expenditures (677,450) (515,596) (549,350) (33,754)
OTHER FINANCING SOURCES (USES)
Transfers in 200,000 275,000 225,000 (50,000)
Transfers out (200,000) (75,000) (46,546) 28,454
Total Other Financing Sources (Uses) - 200,000 178,454 (21,546) Net Change in Fund Balance (677,450) (315,596) (370,896) (55,300) Fund Balance Beginning 5,552,571 5,552,571 5,552,571 -
Fund Balance Ending $ 4,875,121 $ 5,236,975 $ 5,181,675 $ (55,300) 155
City of American Canyon
Schedule of Revenues, Expenditures, and Changes in Fund Balance Budget and Actual (GAAP Basis)
CDBG, CalHome and HOME Loan Development Fund
For the Year Ended June 30, 2025
Variance with
Budgeted Amounts Final Budget
Actual Positive
Original Final Amounts (Negative)
REVENUES
Intergovernmental $ 885,437 $ 885,437 $ - $ (885,437)
Use of money and property 3,400 3,400 5,260 1,860
Other 61,200 65,700 27,024 (38,676)
Total Revenues 950,037 954,537 32,284 (922,253)
EXPENDITURES
Current:
Community development 977,920 977,920 311,120 666,800
Total Expenditures 977,920 977,920 311,120 666,800
Net Change in Fund Balance (27,883) (23,383) (278,836) (255,453) Fund Balance Beginning (144,548) (144,548) (144,548) -
Fund Balance Ending $ (172,431) $ (167,931) $ (423,384) $ (255,453) 156
City of American Canyon
Schedule of Revenues, Expenditures, and Changes in Fund Balance Budget and Actual (GAAP Basis)
State and Federal Grants City Fund
For the Year Ended June 30, 2025
Variance with
Budgeted Amounts Final Budget
Actual Positive
Original Final Amounts (Negative)
REVENUES
Intergovernmental $ 11,345,427 $ 11,383,627 $ 2,620,535 $ (8,763,092) Use of money and property 128,600 128,600 48,382 (80,218) Total Revenues 11,474,027 11,512,227 2,668,917 (8,843,310)
EXPENDITURES
Current:
General government - 38,800 38,103 697
Community development 61,441 61,441 - 61,441
Total Expenditures 61,441 100,241 38,103 62,138
Excess (Deficiency) of Revenues over Expenditures 11,412,586 11,411,986 2,630,814 (8,781,172)
OTHER FINANCING SOURCES (USES)
Transfers out (11,079,635) (11,079,635) (2,442,643) 8,636,992 Total Other Financing Sources (Uses) (11,079,635) (11,079,635) (2,442,643) 8,636,992 Net Change in Fund Balance 332,951 332,351 188,171 (144,180) Fund Balance Beginning (330,573) (330,573) (330,573) -
Fund Balance Ending $ 2,378 $ 1,778 $ (142,402) $ (144,180) 157
City of American Canyon
Schedule of Pension Contributions
(Last Ten Years)
City Miscellaneous Plan
Plan Measurement Date 2015 2016 2017 2018 2019
Fiscal Year Ended 2016 2017 2018 2019 2020
Contractually Required Contributions $ 816,543 $ 903,780 $ 918,516 $ 990,170 $ 1,072,824 Contributions in Relation to
Contractually Required Contributions 816,543 903,780 918,516 990,170 1,072,824 Contribution Deficiency (Excess) $ - $ - $ - $ - $ -
Covered Payroll $ 5,417,416 $ 5,979,018 $ 5,993,406 $ 5,876,867 $ 6,383,583 Contributions as a % of Covered Payroll 15.07% 15.12% 15.33% 16.85% 16.81% City Miscellaneous Plan
Plan Measurement Date 2020 2021 2022 2023 2024
Fiscal Year Ended 2021 2022 2023 2024 2025
Contractually Required Contributions $ 1,099,634 $ 1,245,432 $ 1,386,650 $ 1,240,726 $ 1,474,237 Contributions in Relation to
Contractually Required Contributions 1,099,634 1,245,432 1,386,650 1,240,726 1,474,237 Contribution Deficiency (Excess) $ - $ - $ - $ - $ -
Covered Payroll $ 5,771,318 $ 6,427,864 $ 6,970,020 $ 7,680,981 $ 7,500,047 Contributions as a % of Covered Payroll 19.05% 19.38% 19.89% 16.15% 19.66% Fire Miscellaneous Plan
Plan Measurement Date 2015 2016 2017 2018 2019
Fiscal Year Ended 2016 2017 2018 2019 2020
Contractually Required Contributions $ 6,056 $ 6,602 $ 19,016 $ 18,930 $ 20,740 Contributions in Relation to
Contractually Required Contributions 6,056 6,602 19,016 18,930 20,740 Contribution Deficiency (Excess) $ - $ - $ - $ - $ -
Covered Payroll $ - $ - $ - $ - $ 27,107
Contributions as a % of Covered Payroll N/A N/A N/A N/A 76.51% Fire Miscellaneous Plan
Plan Measurement Date 2020 2021 2022 2023 2024
Fiscal Year Ended 2021 2022 2023 2024 2025
Contractually Required Contributions $ 24,560 $ 18,869 $ 6,686 $ 7,080 $ 11,140 Contributions in Relation to
Contractually Required Contributions 24,560 18,869 6,686 7,080 11,140 Contribution Deficiency (Excess) $ - $ - $ - $ - $ -
Covered Payroll $ 73,720 $ 79,922 $ 85,706 $ 89,502 $ 92,188 Contributions as a % of Covered Payroll 33.32% 23.61% 7.80% 7.91% 12.08% 158
City of American Canyon
Schedule of Pension Contributions
(Last Ten Years)
Concluded
Fire Safety Plan
Plan Measurement Date 2015 2016 2017 2018 2019
Fiscal Year Ended 2016 2017 2018 2019 2020
Contractually Required Contributions $ 622,420 $ 712,349 $ 781,173 $ 881,120 $ 1,007,896 Contributions in Relation to
Contractually Required Contributions 622,420 712,349 781,173 881,120 1,007,896 Contribution Deficiency (Excess) $ - $ - $ - $ - $ -
Covered Payroll $ 1,524,899 $ 1,944,380 $ 1,824,180 $ 1,891,216 $ 2,023,975 Contributions as a % of Covered Payroll 40.82% 36.64% 42.82% 46.59% 49.80% Fire Safety Plan
Plan Measurement Date 2020 2021 2022 2023 2024
Fiscal Year Ended 2021 2022 2023 2024 2025
Contractually Required Contributions $ 874,486 $ 1,000,900 $ 1,084,498 $ 1,147,221 $ 1,273,542 Contributions in Relation to
Contractually Required Contributions 874,486 1,000,900 1,084,498 1,147,221 1,273,542 Contribution Deficiency (Excess) $ - $ - $ - $ - $ -
Covered Payroll $ 1,825,049 $ 2,291,394 $ 2,340,562 $ 2,646,974 $ 2,899,812 Contributions as a % of Covered Payroll 47.92% 43.68% 46.33% 43.34% 43.92% Notes to Schedule:
Valuation Date: June 30, 2024
Assumptions Used: Entry Age Method used for Actuarial Cost Method Level Percentage of Payroll and Direct Rate Smoothing
Remaining Amortization Period no more than 26 years
Inflation Assumed at 2.30%
Investment Rate of Returns set at 6.8%
The CalPERS discount rate was increased from 7.50% to 7.65% in FY2016, to 7.15% in FY2018, and then decreased to 6.90% in FY2022.
The CalPERS mortality assumptions was adjusted in fiscal year 2021.
The mortality table was developed based on CalPERS-specific data. The rates incorporate Generational Mortality to capture ongoing morality improvement using 80% of Scale MP 2020 published by the Society of Actuaries. For more details, please refer to the 2021 experience study report that can be found on the CalPERS website.
159
City of American Canyon
Schedule of Proportionate Share of Net Pension Liability (Last Ten Years)
Continued
City Miscellaneous
Plan Measurement Date 2015 2016 2017 2018 2019
Fiscal Year Ended 2016 2017 2018 2019 2020
Proportion of Net Pension
Liability (Safety and Misc) 0.07772% 0.07559% 0.07605% 0.07553% 0.07698% Proportion of Net Pension
Liability (Misc Plan Only) 0.19444% 0.18829% 0.19133% 0.19312% 0.19697% Proportionate Share of
Net Pension Liability $ 5,334,328 $ 6,540,954 $ 7,542,231 $ 7,278,267 $ 7,887,778 Covered Payroll $ 5,157,279 $ 5,417,416 $ 5,979,018 $ 5,993,406 $ 5,876,867 Proportionate Share of NPL
as a % of Covered Payroll 103.43% 120.74% 126.14% 121.44% 134.22% Plan's Fiduciary Net Position
as a % of the TPL 78.32% 74.42% 74.15% 76.60% 77.41%
City Miscellaneous
Plan Measurement Date 2020 2021 2022 2023 2024
Fiscal Year Ended 2021 2022 2023 2024 2025
Proportion of Net Pension
Liability (Safety and Misc) 0.07839% 0.07486% 0.08717% 0.08803% 0.08795% Proportion of Net Pension
Liability (Misc Plan Only) 0.20221% 0.21322% 0.21518% 0.21961% 0.22053% Proportionate Share of
Net Pension Liability $ 8,529,197 $ 4,048,631 $ 10,068,806 $ 10,981,516 $ 10,666,073 Covered Payroll $ 6,383,583 $ 5,771,318 $ 6,427,864 $ 6,970,020 $ 7,680,981 Proportionate Share of NPL
as a % of Covered Payroll 133.61% 70.15% 156.64% 157.55% 138.86% Plan's Fiduciary Net Position
as a % of the TPL 77.32% 90.01% 77.69% 77.33% 79.54%
160
City of American Canyon
Schedule of Proportionate Share of Net Pension Liability (Last Ten Years)
Concluded
Fire Miscellaneous and Safety Plan
Plan Measurement Date 2015 2016 2017 2018 2019
Fiscal Year Ended 2016 2017 2018 2019 2020
Proportion of Net Pension
Liability (Safety and Misc) 0.07638% 0.07504% 0.07373% 0.07552% 0.07524% Proportion of Net Pension
Liability (Misc Plan Only) 0.00304% 0.00270% 0.00232% 0.00233% 0.00178% Proportionate Share of
Net Pension Liability $ 5,242,932 $ 6,493,694 $ 7,312,151 $ 7,276,945 $ 7,709,810 Covered Payroll $ 1,501,544 $ 1,524,899 $ 1,944,380 $ 1,824,180 $ 1,891,216 Proportionate Share of NPL
as a % of Covered Payroll 349.17% 425.84% 376.07% 398.92% 407.66% Plan's Fiduciary Net Position
as a % of the TPL 68.95% 71.84% 71.30% 72.40% 71.94%
Fire Miscellaneous and Safety Plan
Plan Measurement Date 2020 2021 2022 2023 2024
Fiscal Year Ended 2021 2022 2023 2024 2025
Proportion of Net Pension
Liability (Safety and Misc) 0.07604% 0.09303% 0.08170% 0.08214% 0.08320% Proportion of Net Pension
Liability (Misc Plan Only) 0.00129% 0.00230% 0.00038% 0.00006% 0.00009% Proportionate Share of
Net Pension Liability $ 8,272,990 $ 5,031,164 $ 9,436,725 $ 10,246,816 $ 10,089,921 Covered Payroll $ 2,051,082 $ 1,898,769 $ 2,371,316 $ 2,426,268 $ 2,736,476 Proportionate Share of NPL
as a % of Covered Payroll 403.35% 264.97% 397.95% 422.33% 368.72% Plan's Fiduciary Net Position
as a % of the TPL 71.45% 83.31% 71.42% 70.79% 72.92%
The CalPERS discount rate was increased from 7.50% to 7.65% in FY2016, to 7.15% in FY2018, and then decreased to 6.90% in FY2022.
The CalPERS mortality assumptions was adjusted in fiscal year 2021. 161
City of American Canyon
Schedule of OPEB Contributions - City Plan
(Last Ten Years)
Concluded
Fiscal Year Ended 2018 2019 2020 2021
Actuarially determined contribution (ADC) $ 582,400 $ 576,700 $ 571,500 $ 812,638 Less: actual contribution in relation to ADC (692,000) (579,296) (571,500) (812,638) Contribution deficiency (excess) $ (109,600) $ (2,596) $ - $ - Covered employee payroll $ 6,074,290 $ 6,053,800 $ 6,235,414 $ 6,734,681 Contrib. as a % of covered employee payroll 11.39% 9.57% 9.17% 12.07% Fiscal Year Ended 2022 2023 2024 2025
Actuarially determined contribution (ADC) $ 834,799 $ 984,045 $ 1,011,219 $ 1,018,819 Less: actual contribution in relation to ADC (885,236) (882,063) (1,003,538) (1,011,633) Contribution deficiency (excess) $ (50,437) $ 101,982 $ 7,681 $ 7,186 Covered employee payroll $ 6,520,034 $ 6,969,315 $ 7,700,999 $ 8,336,456 Contrib. as a % of covered employee payroll 13.58% 12.66% 13.03% 12.14% Notes to Schedule:
Assumptions and Methods
Valuation Date:
Measurement Date:
Actuarial Cost Method:
Amortization Period:
Asset Valuation Method:
Actuarial Assumptions:
Discount Rate
Inflation
Salary Increases
Healthcare Trend Rate
Investment Rate of Return
Mortality
Retirement
Other Notes
There were no changes in benefit terms.
The inflation assumption remained unchanged at 2.50%.
The salary increase assumption remained unchanged at 3.00%.
The discount rate increased from 5.60% in 2024 to 6.20% in 2025.
Actuarially determined contribution rates are calculated as of June 30, two years prior to the end of the fiscal year in which contributions are reported.
6.20%
Market valua of assets
Miscellaneous Classic: 2% @ 55
Miscellaneous PEPRA: 2% @ 62
2021 CalSTRS Mortality
6.50%
6.20%
2.50%
3.00%
GASB 75 requires a schedule of contributions for the last ten fiscal years, or for as many years as are available if less than ten years are available. GASB 75 was adopted as of June 30, 2018.
June 30, 2023
June 30, 2024
Entry-Age Normal Cost
22 years
162
City of American Canyon
Schedule of OPEB Contributions - Fire Plan
(Last Ten Years)
Concluded
Fiscal Year Ended 2018 2019 2020 2021
Actuarially determined contribution (ADC) $ 457,056 $ 492,634 $ 507,998 $ 467,573 Less: actual contribution in relation to ADC (530,288) (483,301) (507,998) (511,759) Contribution deficiency (excess) $ (73,232) $ 9,333 $ - $ (44,186) Covered employee payroll $ 2,509,387 $ 2,837,425 $ 2,922,548 $ 2,172,958 Contrib. as a % of covered employee payroll 21.13% 17.03% 17.38% 23.55% Fiscal Year Ended 2022 2023 2024 2025
Actuarially determined contribution (ADC) $ 480,296 $ 401,768 $ 412,615 $ 593,845 Less: actual contribution in relation to ADC (621,817) (372,889) (430,187) (412,246) Contribution deficiency (excess) $ (141,521) $ 28,879 $ (17,572) $ 181,599 Covered employee payroll $ 2,238,147 $ 3,393,183 $ 3,740,297 $ 4,229,948 Contrib. as a % of covered employee payroll 27.78% 10.99% 11.50% 9.75% Notes to Schedule:
Assumptions and Methods
Valuation Date:
Measurement Date:
Actuarial Cost Method:
Amortization Period:
Asset Valuation Method:
Actuarial Assumptions:
Discount Rate
Inflation
Salary Increases
Healthcare Trend Rate
Investment Rate of Return
Mortality
Retirement
Other Notes
There were no changes in benefit terms.
The inflation assumption remained unchanged at 2.50%.
The salary increase assumption remained unchanged at 3.00%.
The discount rate decreased from 6.55% in 2024 to 6.20% in 2025.
3.00%
June 30, 2023
June 30, 2024
Entry-Age Normal Cost Method
22 years
Market valua of assets
6.20%
2.50%
GASB 75 requires a schedule of contributions for the last ten fiscal years, or for as many years as are available if less than ten years are available. GASB 75 was adopted as of June 30, 2018.
Actuarially determined contribution rates are calculated as of June 30, two years prior to the end of the fiscal year in which contributions are reported.
Classic Fire Safety (pre-6/1/2010): 3% @ 50
Classic Fire Safety (on/after 6/1/2010): 3% @ 55
PEPRA Fire Safety (on/after 1/1/2013): 2.7% @ 57
6.00%
6.20%
2021 CalSTRS Mortality
163
City of American Canyon
Schedule of Changes in the City’s Net OPEB Liability - City Plan (Last Ten Years)
Fiscal Year Ended 2018 2019 2020 2021 2022 2023 2024 2025 Total OPEB liability
Service cost $ 326,100 $ 326,100 $ 335,883 $ 429,075 $ 441,947 $ 517,905 $ 579,897 $ 463,248 Interest 519,700 553,400 602,996 657,168 700,679 766,260 794,556 763,071 Diff. between expected/act experience - 2,700 (416,017) - 91,627 - (953,891) 1,228,846 Changes of assumptions - - 945,591 - 1,901,027 684,550 (184,321) (1,045,892) Benefit payments (407,000) (351,400) (390,596) (455,763) (490,357) (553,536) (672,856) (690,794) Net change in Total OPEB Liability 438,800 530,800 1,077,857 630,480 2,644,923 1,415,179 (436,615) 718,479 Total OPEB Liability - beginning 7,207,000 7,645,800 8,176,600 9,254,457 9,884,937 12,529,860 13,945,039 13,508,424 Total OPEB Liability - ending 7,645,800 8,176,600 9,254,457 9,884,937 12,529,860 13,945,039 13,508,424 14,226,903 Plan fiduciary net position
Employer contributions $ 673,700 $ 693,900 $ 576,296 $ 571,500 $ 812,638 $ 885,236 $ 882,063 $ 1,003,538 Net investment income 366,285 322,826 300,131 186,101 1,536,192 (1,005,664) 249,750 620,110 Benefit payments (407,000) (351,400) (390,596) (455,763) (490,357) (553,536) (672,856) (690,794) Administrative expense (1,785) (2,126) (1,033) (2,575) (2,116) (1,901) (1,953) (2,396) Net change in plan fiduciary net position 631,200 663,200 484,798 299,263 1,856,357 (675,865) 457,004 930,458 Plan fiduciary net position - beginning 3,446,700 4,077,900 4,741,100 5,225,898 5,525,161 7,381,518 6,705,653 7,162,657 Plan fiduciary net position - ending 4,077,900 4,741,100 5,225,898 5,525,161 7,381,518 6,705,653 7,162,657 8,093,115 Net OPEB liability (asset) $ 3,567,900 3,435,500 4,028,559 4,359,776 5,148,342 7,239,386 6,345,767 6,133,788 Plan fiduciary net position as a %
of the total OPEB liability 53.34% 57.98% 56.47% 55.89% 58.91% 48.09% 53.02% 56.89% Covered Employee Payroll $ 5,811,270 $ 6,053,800 $ 6,053,800 $ 6,399,829 $ 6,734,681 $ 6,520,034 $ 6,969,315 $ 7,700,999 NOL as a % of covered emp. payroll 61.40% 56.75% 66.55% 68.12% 76.45% 111.03% 91.05% 79.65% Other Notes
GASB 75 requires a schedule of contributions for the last ten fiscal years, or for as many years as are available if less than ten years are available. GASB 75 was adopted as of Jun Discoun e 30, 2018. t rates changed from 5.6% in FY2024 to 6.2% in FY2025. 164
City of American Canyon
Schedule of Changes in the City’s Net OPEB Liability - Fire Plan (Last Ten Years)
Fiscal Year Ended 2018 2019 2020 2021 2022 2023 2024 2025 Total OPEB liability
Service cost $ 146,079 $ 210,881 $ 226,062 $ 230,045 $ 231,790 $ 198,928 $ 247,961 $ 345,775 Interest 413,368 393,002 417,289 388,764 411,091 432,889 442,848 464,879 Diff. between expected/act experience (705,918) - (837,691) - (122,741) - (112,728) 354,617 Changes of assumptions 60,131 126,927 184,537 (72,183) 192,051 681,322 36,441 (335,441) Benefit payments (250,572) (266,215) (267,920) (287,603) (334,432) (318,137) (372,889) (457,247) Net change in Total OPEB Liability (336,730) 464,595 (277,723) 259,023 377,759 995,002 241,633 372,583 Total OPEB Liability - beginning 5,657,339 5,320,609 5,785,204 5,507,481 5,766,504 6,144,263 7,139,265 7,380,898 Total OPEB Liability - ending 5,320,609 5,785,204 5,507,481 5,766,504 6,144,263 7,139,265 7,380,898 7,753,481 Plan fiduciary net position
Employer contributions $ 414,364 $ 530,288 $ 483,301 $ 517,331 $ 511,759 $ 621,817 $ 372,889 $ 457,247 Net investment income 175,524 162,465 149,305 101,238 857,965 (579,397) 240,698 437,682 Benefit payments (250,572) (266,215) (267,920) (287,603) (334,432) (318,137) (372,889) (457,247) Administrative expense (904) (3,591) (530) (1,392) (1,189) (1,073) (1,089) (1,300) Net change in plan fiduciary net position 338,412 422,947 364,156 329,574 1,034,103 (276,790) 239,609 436,382 Plan fiduciary net position - beginning 1,536,077 1,874,489 2,297,436 2,661,592 2,991,166 4,025,269 3,748,479 3,988,088 Plan fiduciary net position - ending 1,874,489 2,297,436 2,661,592 2,991,166 4,025,269 3,748,479 3,988,088 4,424,470 Net OPEB liability (asset) $ 3,446,120 3,487,768 2,845,889 2,775,338 2,118,994 3,390,786 3,392,810 3,329,011 Plan fiduciary net position as a %
of the total OPEB liability 35.23% 39.71% 48.33% 51.87% 65.51% 52.51% 54.03% 57.06% Covered Employee Payroll $ 2,167,463 $ 2,509,387 $ 2,837,425 $ 2,277,760 $ 2,172,958 $ 2,393,068 $ 3,393,183 $ 3,740,297 NOL as a % of covered emp. payroll 158.99% 138.99% 100.30% 121.85% 97.52% 141.69% 99.99% 89.00% TOL as a % of covered emp. payroll 245.48% 230.54% 194.10% 253.17% 282.76% 298.33% 217.52% 207.30% Other Notes
GASB 75 requires a schedule of contributions for the last ten fiscal years, or for as many years as are available if less than ten years are available. GASB 75 was adopted as of Jun Discoun e 30, 2018. t rates changed from 6.55% in FY2024 to 6.20% in FY2025. 165
SUPPLEMENTARY INFORMATION
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167
City of American Canyon
Schedule of Revenues, Expenditures, and Changes in Fund Balance Budget and Actual (GAAP Basis)
City Capital Projects Fund
For the Year Ended June 30, 2025
Variance with
Budgeted Amounts Final Budget
Actual Positive
Original Final Amounts (Negative)
REVENUES
Use of money and property $ 60,500 60,500 $ 24,215 $ (36,285) $ Other 451,795 - 512,336 60,541
Total Revenues 60,500 512,295 536,551 24,256
EXPENDITURES
Current:
General government - - 20,333 (20,333)
Capital outlay 30,716,237 39,116,737 12,410,849 26,705,888 Total Expenditures 30,716,237 39,116,737 12,431,182 26,685,555 Excess (Deficiency) of Revenues over Expenditures (30,655,737) (38,604,442) (11,894,631) 26,709,811
OTHER FINANCING SOURCES (USES)
Transfers in 30,223,033 37,140,738 12,016,713 (25,124,025) Transfers out (62,500) (62,500) - 62,500
Total Other Financing Sources (Uses) 30,160,533 37,078,238 12,016,713 (25,061,525) Net Change in Fund Balance (1,526,204) (495,204) 122,082 1,648,286 Fund Balance Beginning 1,204,871 1,204,871 1,204,871 -
Fund Balance Ending $ 709,667 $ (321,333) $ 1,326,953 $ 1,648,286 168
City of American Canyon
Schedule of Revenues, Expenditures, and Changes in Fund Balance Budget and Actual (GAAP Basis)
Affordable Housing Capital Projects Fund
For the Year Ended June 30, 2025
Variance with
Budgeted Amounts Final Budget
Actual Positive
Original Final Amounts (Negative)
REVENUES
Charges for services 1,125,600 $ 1,126,900 $ 673,851 $ (453,049) $ Use of money and property 22,700 22,700 61,279 38,579
Other 6,000 6,000 - (6,000)
Total Revenues 1,154,300 1,155,600 735,130 (420,470)
EXPENDITURES
Current:
Community development - - 54,750 (54,750)
Total Expenditures - - 54,750 (54,750)
Net Change in Fund Balance 1,155,600 1,154,300 680,380 (475,220) Fund Balance Beginning 663,338 663,338 663,338 -
Fund Balance Ending $ 1,817,638 $ 1,818,938 $ 1,343,718 $ (475,220) 169
NONMAJOR GOVERNMENTAL FUNDS
Special Revenue Funds
Gas Tax – Accounts for revenue and expenditures of gas tax revenue received under the California Streets and Highways Code.
Landscape and Lighting Districts – Accounts for maintenance expenses of the three District zones which are paid for through property tax assessments placed on owner’s annual tax bills.
Storm Drain – Accounts for the proceeds and expenditures of sales taxes received under the Napa County Flood Protection Sales Tax.
Measure T – Accounts for the voter approved sales tax funds received for the maintenance, reconstruction and rehabilitation of streets, roads and transportation infrastructure.
State Supplemental Law Enforcement – Accounts for revenue granted from the state General Fund for Citizen Option for Public Safety (COPS) program to provide supplemental public safety services for front line law enforcement including anti-gang, community crime prevention and juvenile justice programs.
BEGIN Program – Accounts for revenue granted by the California Department of Housing and Community Development to reduce local regulatory barriers to affordable homeownership housing and provide downpayment assistance loans to qualifying homebuyers.
Transportation Fund for Clean Air – Accounts for proceeds and expenditures received from fees on motor vehicle registrations to be used for transportation control projects that will reduce emissions.
Newell Park Open Space – Accounts for the costs to maintain open space at the Newell Open Space.
La Vigne Open Space Maintenance – Accounts for the costs to maintain open space at the La Vigne Open Space.
General Plan Update – Accounts for fees collected for the purpose of updating the City’s general plan to meet the demand of new development.
Cannabis – Accounts for developer deposits and fees received to reimburse the City for costs associated with reviewing commercial cannabis business permits and conditional use permits.
Community Facilities District – Accounts for resources accumulated from property owners for Community Facilities District maintenance.
Legal Settlement – Accounts for legal settlements to be used for specific purposes or projects.
National Opioid Settlement – Accounts for legal settlements from the National Opioid Settlement to be used for specific purposes or projects.
State and Federal Grants Fire – Accounts for State and Federal Grants received for fire services.
Capital Projects Funds
Park Improvement – Accounts for impact fees collected by new development to be used for adding new parks, park improvements, and recreation facilities.
Traffic Impact – Accounts for impact fees collected by new development to be used for street improvements. 170
NONMAJOR GOVERNMENTAL FUNDS
Civic Facilities Capital Projects – Accounts for impact fees collected by new development to be used for Civic Facilities improvement projects.
Infrastructure – Accounts for bond proceeds restricted for street and road modernization projects. debris, the installation of curbs and gutters, walls, sidewalks or paving or water, irrigation, drainage or electrical facilities.
Zero Water Footprint – Accounts for mitigation monies collected to offset new water and sewer capital demands associated with development projects.
Utility Underground – Accounts for fees collected from developers in lieu of providing undergrounding of utilities.
Community Facilities District Capital Projects – Accounts for resources accumulated from property owners for Community Facilities District capital projects.
Fire Mitigation – Accounts for a special voter approved new development tax for the purchase of the fire apparatus and facilities.
Renovation and Replacement Capital Projects – Accounts for funds to be used to renovation or replace the City’s capital assets.
Debt Service Funds
Cabernet Village Lease Debt Service – Accounts for debt service on lease financing for the purchase of the commercial office building at 4381 Broadway Street which was converted to a new City Hall facility.
Engie City Debt Service – Accounts for debt service on lease financing for the purchase of equipment for the City.
Engie Fire Debt Service – Accounts for debt service on lease financing for the purchase of equipment for fire services.
171
City of American Canyon
Combining Balance Sheet
Nonmajor Governmental Funds
June 30, 2025
Gas Tax
Landscape and
Lighting Districts Storm Drain Measure T
ASSETS
Cash and investments $ 1,571,166 $ 3,440,330 $ 5,328,923 $ 6,802,457 Restricted cash and investments - - - -
Taxes receivable 100,261 5,146 - 457,584
Accounts receivable - - - -
Interest receivable 8,250 21,247 39,669 34,518
Due from other governments - - - -
Loans receivable - - - -
Total assets $ 1,679,677 $ 3,466,723 $ 5,368,592 $ 7,294,559
LIABILITIES AND FUND BALANCES
Liabilities:
Accounts payable $ 1,322 $ 20,860 $ 44,466 $ 930,929
Due to other funds - - - -
Total liabilities 1,322 20,860 44,466 930,929
Deferred Inflows of Resources:
Unavailable revenues - - - -
Fund Balances:
Restricted:
Public safety - - - -
Public works 1,678,355 3,445,863 - 6,363,630
Storm drain projects - - 5,324,126 -
Community development - - - -
Parks - - - -
Committed:
Capital projects - - - -
Unassigned - - - -
Total fund balances 1,678,355 3,445,863 5,324,126 6,363,630 Total liabilities and fund balances $ 1,679,677 $ 3,466,723 $ 5,368,592 $ 7,294,559 Continued
172
City of American Canyon
Combining Balance Sheet
Nonmajor Governmental Funds
June 30, 2025
ASSETS
Cash and investments
Restricted cash and investments
Taxes receivable
Accounts receivable
Interest receivable
Due from other governments
Loans receivable
Total assets
LIABILITIES AND FUND BALANCES
Liabilities:
Accounts payable
Due to other funds
Total liabilities
Deferred Inflows of Resources:
Unavailable revenues
Fund Balances:
Restricted:
Public safety
Public works
Storm drain projects
Community development
Parks
Committed:
Capital projects
Unassigned
Total fund balances
Total liabilities and fund balances
State Supplemental
Law Enforcement BEGIN Program
Transportation Fund
for Clean Air
Newell Park Open
Space
$ 4,566 $ 146,307 $ - $ 152,253
- - - -
- - - -
- - - -
84 - - 790
94,663 - - -
- 95,427 - -
$ 99,313 $ 241,734 $ - $ 153,043
$ - $ - $ 1,008 $ -
- - 59,716 -
- - 60,724 -
94,663 95,427 - -
4,650 - - -
- - - -
- - - -
- 146,307 - -
- - - 153,043
- - - -
- - (60,724) -
4,650 146,307 (60,724) 153,043
$ 99,313 $ 241,734 $ - $ 153,043
Continued
173
City of American Canyon
Combining Balance Sheet
Nonmajor Governmental Funds
June 30, 2025
ASSETS
Cash and investments
Restricted cash and investments
Taxes receivable
Accounts receivable
Interest receivable
Due from other governments
Loans receivable
Total assets
LIABILITIES AND FUND BALANCES
Liabilities:
Accounts payable
Due to other funds
Total liabilities
Deferred Inflows of Resources:
Unavailable revenues
Fund Balances:
Restricted:
Public safety
Public works
Storm drain projects
Community development
Parks
Committed:
Capital projects
Unassigned
Total fund balances
Total liabilities and fund balances
LaVigne Open
Space Maintenance General Plan Update Cannabis
Community
Facilities District
$ 189,790 $ - $ - $ 275,556
- - - -
- - - -
- - - -
962 - - 1,412
- - - -
- - - -
$ 190,752 $ - $ - $ 276,968
$ - $ 11,871 $ - $ -
- 159,192 14,632 -
- 171,063 14,632 -
- - - -
- - - -
- - - 276,968
- - - -
- - - -
190,752 - - -
- - - -
- (171,063) (14,632) -
190,752 (171,063) (14,632) 276,968
$ 190,752 $ - $ - $ 276,968
Continued
174
City of American Canyon
Combining Balance Sheet
Nonmajor Governmental Funds
June 30, 2025
ASSETS
Cash and investments
Restricted cash and investments
Taxes receivable
Accounts receivable
Interest receivable
Due from other governments
Loans receivable
Total assets
LIABILITIES AND FUND BALANCES
Liabilities:
Accounts payable
Due to other funds
Total liabilities
Deferred Inflows of Resources:
Unavailable revenues
Fund Balances:
Restricted:
Public safety
Public works
Storm drain projects
Community development
Parks
Committed:
Capital projects
Unassigned
Total fund balances
Total liabilities and fund balances
Legal Settlement
National Opioid
Settlement
State & Federal
Grants Fire Park Improvements
$ 902,950 $ 108,340 $ - $ 2,158,375
- - - -
- - - -
- 9,911 - -
4,660 - - 10,985
- - - -
- - - -
$ 907,610 $ 118,251 $ - $ 2,169,360
$ 26,363 $ - $ - $ 197,386
- - - -
26,363 - - 197,386
- - - -
- 118,251 - -
881,247 - - -
- - - -
- - - -
- - - 1,971,974
- - - -
- - - -
881,247 118,251 - 1,971,974
$ 907,610 $ 118,251 $ - $ 2,169,360
Continued
175
City of American Canyon
Combining Balance Sheet
Nonmajor Governmental Funds
June 30, 2025
ASSETS
Cash and investments
Restricted cash and investments
Taxes receivable
Accounts receivable
Interest receivable
Due from other governments
Loans receivable
Total assets
LIABILITIES AND FUND BALANCES
Liabilities:
Accounts payable
Due to other funds
Total liabilities
Deferred Inflows of Resources:
Unavailable revenues
Fund Balances:
Restricted:
Public safety
Public works
Storm drain projects
Community development
Parks
Committed:
Capital projects
Unassigned
Total fund balances
Total liabilities and fund balances
Traffic Impact
Civic Facilities
Capital Projects Infrastructure
Zero Water
Footprint
$ 5,091,403 $ 1,487,429 $ 35,625 $ 33,178
- - 324,128 -
- - - -
179,796 - - -
33,494 (2,730) 181 168
- - - -
- - - -
$ 5,304,693 $ 1,484,699 $ 359,934 $ 33,346
$ - $ 13,468 $ - $ -
- - - -
- 13,468 - -
- - - -
- - - -
5,304,693 1,471,231 359,934 33,346
- - - -
- - - -
- - - -
- - - -
- - - -
5,304,693 1,471,231 359,934 33,346
$ 5,304,693 $ 1,484,699 $ 359,934 $ 33,346
Continued
176
City of American Canyon
Combining Balance Sheet
Nonmajor Governmental Funds
June 30, 2025
ASSETS
Cash and investments
Restricted cash and investments
Taxes receivable
Accounts receivable
Interest receivable
Due from other governments
Loans receivable
Total assets
LIABILITIES AND FUND BALANCES
Liabilities:
Accounts payable
Due to other funds
Total liabilities
Deferred Inflows of Resources:
Unavailable revenues
Fund Balances:
Restricted:
Public safety
Public works
Storm drain projects
Community development
Parks
Committed:
Capital projects
Unassigned
Total fund balances
Total liabilities and fund balances
Utility
Underground
Community
Facilities District
Capital Projects Fire Mitigation
Renovation and
Replacement Capital
Projects
$ 412,429 $ - $ 1,382,904 $ 4,756,985
- - - -
- - - -
- - 305 -
2,091 - 11,508 -
- - - -
- - - -
$ 414,520 $ - $ 1,394,717 $ 4,756,985
$ - $ 10,227 $ - $ -
- 879,112 - -
- 889,339 - -
- - - -
- - 1,394,717 -
414,520 - - -
- - - -
- - - -
- - - -
- - - 4,756,985
- (889,339) - -
414,520 (889,339) 1,394,717 4,756,985
$ 414,520 $ - $ 1,394,717 $ 4,756,985
Continued
177
City of American Canyon
Combining Balance Sheet
Nonmajor Governmental Funds
June 30, 2025
ASSETS
Cash and investments
Restricted cash and investments
Taxes receivable
Accounts receivable
Interest receivable
Due from other governments
Loans receivable
Total assets
LIABILITIES AND FUND BALANCES
Liabilities:
Accounts payable
Due to other funds
Total liabilities
Deferred Inflows of Resources:
Unavailable revenues
Fund Balances:
Restricted:
Public safety
Public works
Storm drain projects
Community development
Parks
Committed:
Capital projects
Unassigned
Total fund balances
Total liabilities and fund balances
Cabernet Village
Lease Debt Service
Engie City Debt
Service
Engie Fire Debt
Service
Total Nonmajor
Governmental Funds
$ - $ - $ - $ 34,280,966
- - - 324,128
- - - 562,991
- - - 190,012
- - - 167,289
- - - 94,663
- - - 95,427
$ - $ - $ - $ 35,715,476
$ - $ - $ 5,386 $ 1,263,286
- 17,750 35,312 1,165,714
- 17,750 40,698 2,429,000
- - - 190,090
- - - 1,517,618
- - - 20,229,787
- - - 5,324,126
- - - 146,307
- - - 2,315,769
- - - 4,756,985
- (17,750) (40,698) (1,194,206)
- (17,750) (40,698) 33,096,386
$ - $ - $ - $ 35,715,476
Concluded
178
City of American Canyon
Combining Statement of Revenues, Expenditures
and Changes in Fund Balances
Nonmajor Governmental Funds
For the Year Ended June 30, 2025
Gas Tax
Landscape and
Lighting Districts Storm Drain Measure T
REVENUES
Sales taxes $ - $ - $ 3,929 $ 1,928,229
Special assessments - 675,890 - -
Intergovernmental 1,186,531 - - -
Charges for services - - - -
Use of money and property 69,060 180,901 319,342 307,573 Other - - - -
Total Revenues 1,255,591 856,791 323,271 2,235,802
EXPENDITURES
Current:
General government - 23,086 - -
Public safety - - - -
Public works 3,200 517,819 16,027 -
Debt service:
Principal - - - -
Interest - - - -
Total Expenditures 3,200 540,905 16,027 -
Excess (Deficiency) of Revenues over Expenditures 1,252,391 315,886 307,244 2,235,802
OTHER FINANCING SOURCES (USES)
Transfers in - 31,387 - -
Transfers out (976,463) (5,178) (572,107) (1,766,657)
Total Other Financing Sources (Uses) (976,463) 26,209 (572,107) (1,766,657) Net Change in Fund Balances 275,928 342,095 (264,863) 469,145 Fund Balances Beginning 1,402,427 3,103,768 5,588,989 5,894,485 Fund Balances Ending $ 1,678,355 $ 3,445,863 $ 5,324,126 $ 6,363,630 Continued
179
City of American Canyon
Combining Statement of Revenues, Expenditures
and Changes in Fund Balances
Nonmajor Governmental Funds
For the Year Ended June 30, 2025
REVENUES
Sales taxes
Special assessments
Intergovernmental
Charges for services
Use of money and property
Other
Total Revenues
EXPENDITURES
Current:
General government
Public safety
Public works
Debt service:
Principal
Interest
Total Expenditures
Excess (Deficiency) of Revenues over Expenditures
OTHER FINANCING SOURCES (USES)
Transfers in
Transfers out
Total Other Financing Sources (Uses)
Net Change in Fund Balances
Fund Balances Beginning
Fund Balances Ending
State Supplemental
Law Enforcement BEGIN Program
Transportation Fund
for Clean Air
Newell Park Open
Space
$ - $ - $ - $ -
- - - -
194,663 - 169,485 -
- - - -
3,921 2,283 - 22,193
- - - -
198,584 2,283 169,485 22,193
- - - 21,986
- - - -
- - - -
- - - -
- - - -
- - - 21,986
198,584 2,283 169,485 207
- - - -
(198,583) - (60,724) (99,130)
(198,583) - (60,724) (99,130)
1 2,283 108,761 (98,923)
4,649 144,024 (169,485) 251,966
$ 4,650 $ 146,307 $ (60,724) $ 153,043
Continued
180
City of American Canyon
Combining Statement of Revenues, Expenditures
and Changes in Fund Balances
Nonmajor Governmental Funds
For the Year Ended June 30, 2025
REVENUES
Sales taxes
Special assessments
Intergovernmental
Charges for services
Use of money and property
Other
Total Revenues
EXPENDITURES
Current:
General government
Public safety
Public works
Debt service:
Principal
Interest
Total Expenditures
Excess (Deficiency) of Revenues over Expenditures
OTHER FINANCING SOURCES (USES)
Transfers in
Transfers out
Total Other Financing Sources (Uses)
Net Change in Fund Balances
Fund Balances Beginning
Fund Balances Ending
LaVigne Open
Space Maintenance General Plan Update Cannabis
Community
Facilities District
$ - $ - $ - $ -
- - - 60,198
- - - -
- 13,444 - -
9,072 19 - 16,130
- - - -
9,072 13,463 - 76,328
- 149,558 - 5,955
- - - -
- - - 25,146
- - - -
- - - -
- 149,558 - 31,101
9,072 (136,095) - 45,227
- - - -
- - - -
- - - -
9,072 (136,095) - 45,227
181,680 (34,968) (14,632) 231,741
$ 190,752 $ (171,063) $ (14,632) $ 276,968
Continued
181
City of American Canyon
Combining Statement of Revenues, Expenditures
and Changes in Fund Balances
Nonmajor Governmental Funds
For the Year Ended June 30, 2025
REVENUES
Sales taxes
Special assessments
Intergovernmental
Charges for services
Use of money and property
Other
Total Revenues
EXPENDITURES
Current:
General government
Public safety
Public works
Debt service:
Principal
Interest
Total Expenditures
Excess (Deficiency) of Revenues over Expenditures
OTHER FINANCING SOURCES (USES)
Transfers in
Transfers out
Total Other Financing Sources (Uses)
Net Change in Fund Balances
Fund Balances Beginning
Fund Balances Ending
Legal Settlement
National Opioid
Settlement
State & Federal
Grants Fire Park Improvements
$ - $ - $ - $ -
- - - -
- - - -
- - - 863,309
45,014 1,723 - 101,400
- 93,926 - -
45,014 95,649 - 964,709
5,652 - - 47,454
- 8,675 5,891 -
- - - -
- - - -
- - - -
5,652 8,675 5,891 47,454
39,362 86,974 (5,891) 917,255
- - - -
(87,981) - - (430,383)
(87,981) - - (430,383)
(48,619) 86,974 (5,891) 486,872
929,866 31,277 5,891 1,485,102
$ 881,247 $ 118,251 $ - $ 1,971,974
Continued
182
City of American Canyon
Combining Statement of Revenues, Expenditures
and Changes in Fund Balances
Nonmajor Governmental Funds
For the Year Ended June 30, 2025
REVENUES
Sales taxes
Special assessments
Intergovernmental
Charges for services
Use of money and property
Other
Total Revenues
EXPENDITURES
Current:
General government
Public safety
Public works
Debt service:
Principal
Interest
Total Expenditures
Excess (Deficiency) of Revenues over Expenditures
OTHER FINANCING SOURCES (USES)
Transfers in
Transfers out
Total Other Financing Sources (Uses)
Net Change in Fund Balances
Fund Balances Beginning
Fund Balances Ending
Traffic Impact
Civic Facilities
Capital Projects Infrastructure
Zero Water
Footprint
$ - $ - $ - $ -
- - - -
- - - -
184,008 254,849 - 161,000
271,144 75,660 14,803 1,141
- - - -
455,152 330,509 14,803 162,141
7,864 - - -
- - - -
- - - -
- - - -
- - - -
7,864 - - -
447,288 330,509 14,803 162,141
- - - -
- (598,753) - -
- (598,753) - -
447,288 (268,244) 14,803 162,141
4,857,405 1,739,475 345,131 (128,795)
$ 5,304,693 $ 1,471,231 $ 359,934 $ 33,346
Continued
183
City of American Canyon
Combining Statement of Revenues, Expenditures
and Changes in Fund Balances
Nonmajor Governmental Funds
For the Year Ended June 30, 2025
REVENUES
Sales taxes
Special assessments
Intergovernmental
Charges for services
Use of money and property
Other
Total Revenues
EXPENDITURES
Current:
General government
Public safety
Public works
Debt service:
Principal
Interest
Total Expenditures
Excess (Deficiency) of Revenues over Expenditures
OTHER FINANCING SOURCES (USES)
Transfers in
Transfers out
Total Other Financing Sources (Uses)
Net Change in Fund Balances
Fund Balances Beginning
Fund Balances Ending
Utility Underground
Community
Facilities District
Capital Projects Fire Mitigation
Renovation and
Replacement Capital
Projects
$ - $ - $ - $ -
- - - -
- - - -
75,000 87,380 310,291 -
18,664 - 45,703 74,302
- - - -
93,664 87,380 355,994 74,302
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
93,664 87,380 355,994 74,302
- - - -
- (729,620) (200,000) (13,855)
- (729,620) (200,000) (13,855)
93,664 (642,240) 155,994 60,447
320,856 (247,099) 1,238,723 4,696,538
$ 414,520 $ (889,339) $ 1,394,717 $ 4,756,985
Continued
184
City of American Canyon
Combining Statement of Revenues, Expenditures
and Changes in Fund Balances
Nonmajor Governmental Funds
For the Year Ended June 30, 2025
REVENUES
Sales taxes
Special assessments
Intergovernmental
Charges for services
Use of money and property
Other
Total Revenues
EXPENDITURES
Current:
General government
Public safety
Public works
Debt service:
Principal
Interest
Total Expenditures
Excess (Deficiency) of Revenues over Expenditures
OTHER FINANCING SOURCES (USES)
Transfers in
Transfers out
Total Other Financing Sources (Uses)
Net Change in Fund Balances
Fund Balances Beginning
Fund Balances Ending
Cabernet Village
Lease Debt Service
Engie City Debt
Service
Engie Fire Debt
Service
Total Nonmajor
Governmental Funds
$ - $ - $ - $ 1,932,158
- - - 736,088
- - - 1,550,679
- - - 1,949,281
- - - 1,580,048
- - - 93,926
- - - 7,842,180
- - - 261,555
- - - 14,566
- - - 562,192
376,399 30,509 17,063 423,971
92,240 7,949 4,483 104,672
468,639 38,458 21,546 1,366,956
(468,639) (38,458) (21,546) 6,475,224
468,639 38,458 21,546 560,030
- - - (5,739,434)
468,639 38,458 21,546 (5,179,404)
- - - 1,295,820
- (17,750) (40,698) 31,800,566
$ - $ (17,750) $ (40,698) $ 33,096,386
Concluded
185
City of American Canyon
Schedule of Revenues, Expenditures, and
Changes in Fund Balances
Budget and Actual (GAAP Basis)
Nonmajor Governmental Funds
For the Year Ended June 30, 2025
Variance with
Final Budget
Actual Positive
Original Final Amounts (Negative)
REVENUES
Sales taxes $ - $ - $ - $ -
Special assessments - - - -
Intergovernmental 1,131,381 1,131,381 1,186,531 55,150
Charges for services - - - -
Use of money and property 37,000 37,000 69,060 32,060
Other - - - -
Total Revenues 1,168,381 1,168,381 1,255,591 87,210
EXPENDITURES
Current:
General government - - - -
Public safety - - - -
Public works 53,200 53,200 3,200 50,000
Community development - - - -
Parks and recreation - - - -
Capital outlay - - - -
Debt service:
Principal - - - -
Interest - - - -
Total Expenditures 53,200 53,200 3,200 50,000
Excess (Deficiency) of Revenues over Expenditures 1,115,181 1,115,181 1,252,391 137,210
OTHER FINANCING SOURCES (USES)
Sale of capital assets - - - -
Transfers in - - - -
Transfers out (1,277,550) (1,277,550) (976,463) 301,087 Total Other Financing Sources (Uses) (1,277,550) (1,277,550) (976,463) 301,087 Net Change in Fund Balances (162,369) (162,369) 275,928 438,297 Fund Balances Beginning 1,402,427 1,402,427 1,402,427 - Fund Balances Ending $ 1,240,058 $ 1,240,058 $ 1,678,355 $ 438,297 Cont'd
Gas Tax
Budgeted Amounts
186
City of American Canyon
Schedule of Revenues, Expenditures, and
Changes in Fund Balances
Budget and Actual (GAAP Basis)
Nonmajor Governmental Funds
For the Year Ended June 30, 2025
REVENUES
Sales taxes
Special assessments
Intergovernmental
Charges for services
Use of money and property
Other
Total Revenues
EXPENDITURES
Current:
General government
Public safety
Public works
Community development
Parks and recreation
Capital outlay
Debt service:
Principal
Interest
Total Expenditures
Excess (Deficiency) of Revenues over Expenditures
OTHER FINANCING SOURCES (USES)
Sale of capital assets
Transfers in
Transfers out
Total Other Financing Sources (Uses)
Net Change in Fund Balances
Fund Balances Beginning
Fund Balances Ending
Variance with
Final Budget
Actual Positive
Original Final Amounts (Negative)
$ - $ - $ - $ -
666,000 666,000 675,890 9,890
- - - -
- - - -
131,800 137,100 180,901 43,801
- - - -
797,800 803,100 856,791 53,691
35,200 38,200 23,086 15,114
- - - -
806,300 803,300 517,819 285,481
- - - -
- - - -
- - - -
- - - -
- - - -
841,500 841,500 540,905 300,595
(43,700) (38,400) 315,886 354,286
- - - -
30,473 30,473 31,387 914
(194,555) (224,555) (5,178) 219,377
(164,082) (194,082) 26,209 220,291
(207,782) (232,482) 342,095 574,577
3,103,768 3,103,768 3,103,768 -
$ 2,895,986 $ 2,871,286 $ 3,445,863 $ 574,577
Cont'd
Budgeted Amounts
Landscape and Lighting Districts
187
City of American Canyon
Schedule of Revenues, Expenditures, and
Changes in Fund Balances
Budget and Actual (GAAP Basis)
Nonmajor Governmental Funds
For the Year Ended June 30, 2025
REVENUES
Sales taxes
Special assessments
Intergovernmental
Charges for services
Use of money and property
Other
Total Revenues
EXPENDITURES
Current:
General government
Public safety
Public works
Community development
Parks and recreation
Capital outlay
Debt service:
Principal
Interest
Total Expenditures
Excess (Deficiency) of Revenues over Expenditures
OTHER FINANCING SOURCES (USES)
Sale of capital assets
Transfers in
Transfers out
Total Other Financing Sources (Uses)
Net Change in Fund Balances
Fund Balances Beginning
Fund Balances Ending
Variance with
Final Budget
Actual Positive
Original Final Amounts (Negative)
$ - $ 4,000 $ 3,929 $ (71)
- - - -
- - - -
- - - -
220,500 220,500 319,342 98,842
- - - -
220,500 224,500 323,271 98,771
- - - -
- - - -
179,337 665,886 16,027 649,859
- - - -
- - - -
- - - -
- - - -
- - - -
179,337 665,886 16,027 649,859
41,163 (441,386) 307,244 748,630
- - - -
- - - -
(1,089,170) (3,099,070) (572,107) 2,526,963
(1,089,170) (3,099,070) (572,107) 2,526,963
(1,048,007) (3,540,456) (264,863) 3,275,593
5,588,989 5,588,989 5,588,989 -
$ 4,540,982 $ 2,048,533 $ 5,324,126 $ 3,275,593
Cont'd
Budgeted Amounts
Storm Drain
188
City of American Canyon
Schedule of Revenues, Expenditures, and
Changes in Fund Balances
Budget and Actual (GAAP Basis)
Nonmajor Governmental Funds
For the Year Ended June 30, 2025
REVENUES
Sales taxes
Special assessments
Intergovernmental
Charges for services
Use of money and property
Other
Total Revenues
EXPENDITURES
Current:
General government
Public safety
Public works
Community development
Parks and recreation
Capital outlay
Debt service:
Principal
Interest
Total Expenditures
Excess (Deficiency) of Revenues over Expenditures
OTHER FINANCING SOURCES (USES)
Sale of capital assets
Transfers in
Transfers out
Total Other Financing Sources (Uses)
Net Change in Fund Balances
Fund Balances Beginning
Fund Balances Ending
Variance with
Final Budget
Actual Positive
Original Final Amounts (Negative)
$ 1,800,000 $ 1,800,000 $ 1,928,229 $ 128,229
- - - -
- - - -
- - - -
167,100 167,100 307,573 140,473
- - - -
1,967,100 1,967,100 2,235,802 268,702
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
1,967,100 1,967,100 2,235,802 268,702
- - - -
- - - -
(3,170,000) (4,792,605) (1,766,657) 3,025,948
(3,170,000) (4,792,605) (1,766,657) 3,025,948
(1,202,900) (2,825,505) 469,145 3,294,650
5,894,485 5,894,485 5,894,485 -
$ 4,691,585 $ 3,068,980 $ 6,363,630 $ 3,294,650
Cont'd
Budgeted Amounts
Measure T
189
City of American Canyon
Schedule of Revenues, Expenditures, and
Changes in Fund Balances
Budget and Actual (GAAP Basis)
Nonmajor Governmental Funds
For the Year Ended June 30, 2025
REVENUES
Sales taxes
Special assessments
Intergovernmental
Charges for services
Use of money and property
Other
Total Revenues
EXPENDITURES
Current:
General government
Public safety
Public works
Community development
Parks and recreation
Capital outlay
Debt service:
Principal
Interest
Total Expenditures
Excess (Deficiency) of Revenues over Expenditures
OTHER FINANCING SOURCES (USES)
Sale of capital assets
Transfers in
Transfers out
Total Other Financing Sources (Uses)
Net Change in Fund Balances
Fund Balances Beginning
Fund Balances Ending
Variance with
Final Budget
Actual Positive
Original Final Amounts (Negative)
$ - $ - $ - $ -
- - - -
173,250 173,250 194,663 21,413
- - - -
700 2,200 3,921 1,721
- - - -
173,950 175,450 198,584 23,134
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
173,950 175,450 198,584 23,134
- - - -
- - - -
(180,550) (180,550) (198,583) (18,033)
(180,550) (180,550) (198,583) (18,033)
(6,600) (5,100) 1 5,101
4,649 4,649 4,649 -
$ (1,951) $ (451) $ 4,650 $ 5,101
Cont'd
Budgeted Amounts
State Supplemental Law Enforcement
190
City of American Canyon
Schedule of Revenues, Expenditures, and
Changes in Fund Balances
Budget and Actual (GAAP Basis)
Nonmajor Governmental Funds
For the Year Ended June 30, 2025
REVENUES
Sales taxes
Special assessments
Intergovernmental
Charges for services
Use of money and property
Other
Total Revenues
EXPENDITURES
Current:
General government
Public safety
Public works
Community development
Parks and recreation
Capital outlay
Debt service:
Principal
Interest
Total Expenditures
Excess (Deficiency) of Revenues over Expenditures
OTHER FINANCING SOURCES (USES)
Sale of capital assets
Transfers in
Transfers out
Total Other Financing Sources (Uses)
Net Change in Fund Balances
Fund Balances Beginning
Fund Balances Ending
Variance with
Final Budget
Actual Positive
Original Final Amounts (Negative)
$ - $ - $ - $ -
- - - -
- - - -
105,107 105,107 - (105,107)
4,900 4,900 2,283 (2,617)
- - - -
110,007 110,007 2,283 (107,724)
- - - -
- - - -
- - - -
105,107 105,107 - 105,107
- - - -
- - - -
- - - -
- - - -
105,107 105,107 - 105,107
4,900 4,900 2,283 (2,617)
- - - -
- - - -
- - - -
- - - -
4,900 4,900 2,283 (2,617)
144,024 144,024 144,024 -
$ 148,924 $ 148,924 $ 146,307 $ (2,617)
Cont'd
Budgeted Amounts
BEGIN Program
191
City of American Canyon
Schedule of Revenues, Expenditures, and
Changes in Fund Balances
Budget and Actual (GAAP Basis)
Nonmajor Governmental Funds
For the Year Ended June 30, 2025
REVENUES
Sales taxes
Special assessments
Intergovernmental
Charges for services
Use of money and property
Other
Total Revenues
EXPENDITURES
Current:
General government
Public safety
Public works
Community development
Parks and recreation
Capital outlay
Debt service:
Principal
Interest
Total Expenditures
Excess (Deficiency) of Revenues over Expenditures
OTHER FINANCING SOURCES (USES)
Sale of capital assets
Transfers in
Transfers out
Total Other Financing Sources (Uses)
Net Change in Fund Balances
Fund Balances Beginning
Fund Balances Ending
Variance with
Final Budget
Actual Positive
Original Final Amounts (Negative)
$ - $ - $ - $ -
- - - -
230,526 250,526 169,485 (81,041)
- - - -
- - - -
- - - -
230,526 250,526 169,485 (81,041)
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
230,526 250,526 169,485 (81,041)
- - - -
- - - -
(230,526) (250,526) (60,724) 189,802
(230,526) (250,526) (60,724) 189,802
- - 108,761 108,761
(169,485) (169,485) (169,485) -
$ (169,485) $ (169,485) $ (60,724) $ 108,761
Cont'd
Budgeted Amounts
Transportation Fund for Clean Air
192
City of American Canyon
Schedule of Revenues, Expenditures, and
Changes in Fund Balances
Budget and Actual (GAAP Basis)
Nonmajor Governmental Funds
For the Year Ended June 30, 2025
REVENUES
Sales taxes
Special assessments
Intergovernmental
Charges for services
Use of money and property
Other
Total Revenues
EXPENDITURES
Current:
General government
Public safety
Public works
Community development
Parks and recreation
Capital outlay
Debt service:
Principal
Interest
Total Expenditures
Excess (Deficiency) of Revenues over Expenditures
OTHER FINANCING SOURCES (USES)
Sale of capital assets
Transfers in
Transfers out
Total Other Financing Sources (Uses)
Net Change in Fund Balances
Fund Balances Beginning
Fund Balances Ending
Variance with
Final Budget
Actual Positive
Original Final Amounts (Negative)
$ - $ - $ - $ -
- - - -
- - - -
- - - -
21,550 21,550 22,193 643
- - - -
21,550 21,550 22,193 643
- 33,000 21,986 11,014
- - - -
- - - -
- - - -
58,000 8,000 -
- 3,000 - 3,000
- - - -
- - - -
58,000 44,000 21,986 14,014
(36,450) (22,450) 207 22,657
- - - -
- - - -
- (100,000) (99,130) 870
- (100,000) (99,130) 870
(36,450) (122,450) (98,923) 23,527
251,966 251,966 251,966 -
$ 215,516 $ 129,516 $ 153,043 $ 23,527
Cont'd
Budgeted Amounts
Newell Park Open Space
193
City of American Canyon
Schedule of Revenues, Expenditures, and
Changes in Fund Balances
Budget and Actual (GAAP Basis)
Nonmajor Governmental Funds
For the Year Ended June 30, 2025
REVENUES
Sales taxes
Special assessments
Intergovernmental
Charges for services
Use of money and property
Other
Total Revenues
EXPENDITURES
Current:
General government
Public safety
Public works
Community development
Parks and recreation
Capital outlay
Debt service:
Principal
Interest
Total Expenditures
Excess (Deficiency) of Revenues over Expenditures
OTHER FINANCING SOURCES (USES)
Sale of capital assets
Transfers in
Transfers out
Total Other Financing Sources (Uses)
Net Change in Fund Balances
Fund Balances Beginning
Fund Balances Ending
Variance with
Final Budget
Actual Positive
Original Final Amounts (Negative)
$ - $ - $ - $ -
- - - -
- - - -
- - - -
6,200 6,200 9,072 2,872
- - - -
6,200 6,200 9,072 2,872
- - - -
- - - -
- - - -
- - - -
11,400 11,400 - 11,400
- - - -
- - - -
- - - -
11,400 11,400 - 11,400
(5,200) (5,200) 9,072 14,272
- - - -
- - - -
- - - -
- - - -
(5,200) (5,200) 9,072 14,272
181,680 181,680 181,680 -
$ 176,480 $ 176,480 $ 190,752 $ 14,272
Cont'd
Budgeted Amounts
LaVigne Open Space Maintenance
194
City of American Canyon
Schedule of Revenues, Expenditures, and
Changes in Fund Balances
Budget and Actual (GAAP Basis)
Nonmajor Governmental Funds
For the Year Ended June 30, 2025
REVENUES
Sales taxes
Special assessments
Intergovernmental
Charges for services
Use of money and property
Other
Total Revenues
EXPENDITURES
Current:
General government
Public safety
Public works
Community development
Parks and recreation
Capital outlay
Debt service:
Principal
Interest
Total Expenditures
Excess (Deficiency) of Revenues over Expenditures
OTHER FINANCING SOURCES (USES)
Sale of capital assets
Transfers in
Transfers out
Total Other Financing Sources (Uses)
Net Change in Fund Balances
Fund Balances Beginning
Fund Balances Ending
Variance with
Final Budget
Actual Positive
Original Final Amounts (Negative)
$ - $ - $ - $ -
- - - -
- - - -
24,400 24,400 13,444 (10,956)
1,000 1,000 19 (981)
- - - -
25,400 25,400 13,463 (11,937)
- 260,000 149,558 110,442
- - - -
- - - -
20,015 - - -
- - - -
- - - -
- - - -
- - - -
20,015 260,000 149,558 110,442
5,385 (234,600) (136,095) 98,505
- - - -
- - - -
- - - -
- - - -
5,385 (234,600) (136,095) 98,505
(34,968) (34,968) (34,968) -
$ (29,583) $ (269,568) $ (171,063) $ 98,505
Cont'd
Budgeted Amounts
General Plan Update
195
City of American Canyon
Schedule of Revenues, Expenditures, and
Changes in Fund Balances
Budget and Actual (GAAP Basis)
Nonmajor Governmental Funds
For the Year Ended June 30, 2025
REVENUES
Sales taxes
Special assessments
Intergovernmental
Charges for services
Use of money and property
Other
Total Revenues
EXPENDITURES
Current:
General government
Public safety
Public works
Community development
Parks and recreation
Capital outlay
Debt service:
Principal
Interest
Total Expenditures
Excess (Deficiency) of Revenues over Expenditures
OTHER FINANCING SOURCES (USES)
Sale of capital assets
Transfers in
Transfers out
Total Other Financing Sources (Uses)
Net Change in Fund Balances
Fund Balances Beginning
Fund Balances Ending
Variance with
Final Budget
Actual Positive
Original Final Amounts (Negative)
$ - $ - $ - $ -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
1,000 1,000 - 1,000
- - - -
- - - -
- - - -
- - - -
1,000 1,000 - 1,000
(1,000) (1,000) - 1,000
- - - -
- - - -
- - - -
- - - -
(1,000) (1,000) - 1,000
(14,632) (14,632) (14,632) -
$ (15,632) $ (15,632) $ (14,632) $ 1,000
Cont'd
Budgeted Amounts
Cannabis
196
City of American Canyon
Schedule of Revenues, Expenditures, and
Changes in Fund Balances
Budget and Actual (GAAP Basis)
Nonmajor Governmental Funds
For the Year Ended June 30, 2025
REVENUES
Sales taxes
Special assessments
Intergovernmental
Charges for services
Use of money and property
Other
Total Revenues
EXPENDITURES
Current:
General government
Public safety
Public works
Community development
Parks and recreation
Capital outlay
Debt service:
Principal
Interest
Total Expenditures
Excess (Deficiency) of Revenues over Expenditures
OTHER FINANCING SOURCES (USES)
Sale of capital assets
Transfers in
Transfers out
Total Other Financing Sources (Uses)
Net Change in Fund Balances
Fund Balances Beginning
Fund Balances Ending
Variance with
Final Budget
Actual Positive
Original Final Amounts (Negative)
$ - $ - $ - $ -
56,750 56,750 60,198 3,448
- - - -
- - - -
- 15,000 16,130 1,130
- - - -
56,750 71,750 76,328 4,578
- - 5,955 (5,955)
- - - -
16,000 24,200 25,146 (946)
- - - -
- - - -
- - - -
- - - -
- - - -
16,000 24,200 31,101 (6,901)
40,750 47,550 45,227 (2,323)
- - - -
- - - -
- - - -
- - - -
40,750 47,550 45,227 (2,323)
231,741 231,741 231,741 -
$ 272,491 $ 279,291 $ 276,968 $ (2,323)
Cont'd
Budgeted Amounts
Community Facilities District
197
City of American Canyon
Schedule of Revenues, Expenditures, and
Changes in Fund Balances
Budget and Actual (GAAP Basis)
Nonmajor Governmental Funds
For the Year Ended June 30, 2025
REVENUES
Sales taxes
Special assessments
Intergovernmental
Charges for services
Use of money and property
Other
Total Revenues
EXPENDITURES
Current:
General government
Public safety
Public works
Community development
Parks and recreation
Capital outlay
Debt service:
Principal
Interest
Total Expenditures
Excess (Deficiency) of Revenues over Expenditures
OTHER FINANCING SOURCES (USES)
Sale of capital assets
Transfers in
Transfers out
Total Other Financing Sources (Uses)
Net Change in Fund Balances
Fund Balances Beginning
Fund Balances Ending
Variance with
Final Budget
Actual Positive
Original Final Amounts (Negative)
$ - $ - $ - $ -
- - - -
- - - -
- - - -
31,900 31,900 45,014 13,114
- - - -
31,900 31,900 45,014 13,114
- 456,409 5,652 450,757
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- 456,409 5,652 450,757
31,900 (424,509) 39,362 463,871
- - - -
- - - -
(484,930) (484,930) (87,981) 396,949
(484,930) (484,930) (87,981) 396,949
(453,030) (909,439) (48,619) 860,820
929,866 929,866 929,866 -
$ 476,836 $ 20,427 $ 881,247 $ 860,820
Cont'd
Legal Settlement
Budgeted Amounts
198
City of American Canyon
Schedule of Revenues, Expenditures, and
Changes in Fund Balances
Budget and Actual (GAAP Basis)
Nonmajor Governmental Funds
For the Year Ended June 30, 2025
REVENUES
Sales taxes
Special assessments
Intergovernmental
Charges for services
Use of money and property
Other
Total Revenues
EXPENDITURES
Current:
General government
Public safety
Public works
Community development
Parks and recreation
Capital outlay
Debt service:
Principal
Interest
Total Expenditures
Excess (Deficiency) of Revenues over Expenditures
OTHER FINANCING SOURCES (USES)
Sale of capital assets
Transfers in
Transfers out
Total Other Financing Sources (Uses)
Net Change in Fund Balances
Fund Balances Beginning
Fund Balances Ending
Variance with
Final Budget
Actual Positive
Original Final Amounts (Negative)
$ - $ - $ - $ -
- - - -
- - - -
- - - -
1,000 1,000 1,723 723
- 105,000 93,926 (11,074)
1,000 106,000 95,649 (10,351)
- - - -
2,500 27,500 8,675 18,825
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
2,500 27,500 8,675 18,825
(1,500) 78,500 86,974 8,474
- - - -
- - - -
- - - -
- - - -
(1,500) 78,500 86,974 8,474
31,277 31,277 31,277 -
$ 29,777 $ 109,777 $ 118,251 $ 8,474
Cont'd
National Opioid Settlement
Budgeted Amounts
199
City of American Canyon
Schedule of Revenues, Expenditures, and
Changes in Fund Balances
Budget and Actual (GAAP Basis)
Nonmajor Governmental Funds
For the Year Ended June 30, 2025
REVENUES
Sales taxes
Special assessments
Intergovernmental
Charges for services
Use of money and property
Other
Total Revenues
EXPENDITURES
Current:
General government
Public safety
Public works
Community development
Parks and recreation
Capital outlay
Debt service:
Principal
Interest
Total Expenditures
Excess (Deficiency) of Revenues over Expenditures
OTHER FINANCING SOURCES (USES)
Sale of capital assets
Transfers in
Transfers out
Total Other Financing Sources (Uses)
Net Change in Fund Balances
Fund Balances Beginning
Fund Balances Ending
Variance with
Amounts Final Budget
Actual Positive
Original Final Amounts (Negative)
$ - $ - $ - $ -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - 5,891 (5,891)
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - 5,891 (5,891)
- - (5,891) (5,891)
- - - -
- - - -
- - - -
- - - -
- - (5,891) (5,891)
5,891 5,891 5,891 -
$ 5,891 $ 5,891 $ - $ (5,891)
Cont'd
State & Federal Grants Fire
200
City of American Canyon
Schedule of Revenues, Expenditures, and
Changes in Fund Balances
Budget and Actual (GAAP Basis)
Nonmajor Governmental Funds
For the Year Ended June 30, 2025
REVENUES
Sales taxes
Special assessments
Intergovernmental
Charges for services
Use of money and property
Other
Total Revenues
EXPENDITURES
Current:
General government
Public safety
Public works
Community development
Parks and recreation
Capital outlay
Debt service:
Principal
Interest
Total Expenditures
Excess (Deficiency) of Revenues over Expenditures
OTHER FINANCING SOURCES (USES)
Sale of capital assets
Transfers in
Transfers out
Total Other Financing Sources (Uses)
Net Change in Fund Balances
Fund Balances Beginning
Fund Balances Ending
Variance with
Amounts Final Budget
Actual Positive
Original Final Amounts (Negative)
$ - $ - $ - $ -
- - - -
- - - -
1,573,700 1,573,700 863,309 (710,391)
56,700 56,700 101,400 44,700
- - - -
1,630,400 1,630,400 964,709 (665,691)
213,000 232,000 47,454 184,546
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
213,000 232,000 47,454 184,546
1,417,400 1,398,400 917,255 (481,145)
- - - -
- - - -
(1,126,932) (1,662,932) (430,383) 1,232,549
(1,126,932) (1,662,932) (430,383) 1,232,549
290,468 (264,532) 486,872 751,404
1,485,102 1,485,102 1,485,102 -
$ 1,775,570 $ 1,220,570 $ 1,971,974 $ 751,404
Cont'd
Park Improvements
201
City of American Canyon
Schedule of Revenues, Expenditures, and
Changes in Fund Balances
Budget and Actual (GAAP Basis)
Nonmajor Governmental Funds
For the Year Ended June 30, 2025
REVENUES
Sales taxes
Special assessments
Intergovernmental
Charges for services
Use of money and property
Other
Total Revenues
EXPENDITURES
Current:
General government
Public safety
Public works
Community development
Parks and recreation
Capital outlay
Debt service:
Principal
Interest
Total Expenditures
Excess (Deficiency) of Revenues over Expenditures
OTHER FINANCING SOURCES (USES)
Sale of capital assets
Transfers in
Transfers out
Total Other Financing Sources (Uses)
Net Change in Fund Balances
Fund Balances Beginning
Fund Balances Ending
Variance with
Amounts Final Budget
Actual Positive
Original Final Amounts (Negative)
$ - $ - $ - $ -
- - - -
- - - -
2,403,900 179,300 184,008 4,708
172,000 172,000 271,144 99,144
- - - -
2,575,900 351,300 455,152 103,852
- - 7,864 (7,864)
- - - -
- - - -
25,000 25,000 - 25,000
- - - -
- - - -
- - - -
- - - -
25,000 25,000 7,864 17,136
2,550,900 326,300 447,288 120,988
- - - -
- - - -
(86,356) (86,356) - 86,356
(86,356) (86,356) - 86,356
2,464,544 239,944 447,288 207,344
4,857,405 4,857,405 4,857,405 -
$ 7,321,949 $ 5,097,349 $ 5,304,693 $ 207,344
Cont'd
Traffic Impact
202
City of American Canyon
Schedule of Revenues, Expenditures, and
Changes in Fund Balances
Budget and Actual (GAAP Basis)
Nonmajor Governmental Funds
For the Year Ended June 30, 2025
REVENUES
Sales taxes
Special assessments
Intergovernmental
Charges for services
Use of money and property
Other
Total Revenues
EXPENDITURES
Current:
General government
Public safety
Public works
Community development
Parks and recreation
Capital outlay
Debt service:
Principal
Interest
Total Expenditures
Excess (Deficiency) of Revenues over Expenditures
OTHER FINANCING SOURCES (USES)
Sale of capital assets
Transfers in
Transfers out
Total Other Financing Sources (Uses)
Net Change in Fund Balances
Fund Balances Beginning
Fund Balances Ending
Variance with
Amounts Final Budget
Actual Positive
Original Final Amounts (Negative)
$ - $ - $ - $ -
- - - -
- - - -
456,900 456,900 254,849 (202,051)
58,100 58,100 75,660 17,560
- - - -
515,000 515,000 330,509 (184,491)
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
515,000 515,000 330,509 (184,491)
- - - -
- - - -
(864,096) (864,096) (598,753) 265,343
(864,096) (864,096) (598,753) 265,343
(349,096) (349,096) (268,244) 80,852
1,739,475 1,739,475 1,739,475 -
$ 1,390,379 $ 1,390,379 $ 1,471,231 $ 80,852
Cont'd
Civic Facilities Capital Projects
203
City of American Canyon
Schedule of Revenues, Expenditures, and
Changes in Fund Balances
Budget and Actual (GAAP Basis)
Nonmajor Governmental Funds
For the Year Ended June 30, 2025
REVENUES
Sales taxes
Special assessments
Intergovernmental
Charges for services
Use of money and property
Other
Total Revenues
EXPENDITURES
Current:
General government
Public safety
Public works
Community development
Parks and recreation
Capital outlay
Debt service:
Principal
Interest
Total Expenditures
Excess (Deficiency) of Revenues over Expenditures
OTHER FINANCING SOURCES (USES)
Sale of capital assets
Transfers in
Transfers out
Total Other Financing Sources (Uses)
Net Change in Fund Balances
Fund Balances Beginning
Fund Balances Ending
Variance with
Final Budget
Actual Positive
Original Final Amounts (Negative)
$ - $ - $ - $ -
- - - -
- - - -
- - - -
1,200 12,000 14,803 2,803
- - - -
1,200 12,000 14,803 2,803
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
1,200 12,000 14,803 2,803
- - - -
- - - -
- - - -
- - - -
1,200 12,000 14,803 2,803
345,131 345,131 345,131 -
$ 346,331 $ 357,131 $ 359,934 $ 2,803
Cont'd
Infrastructure
Budgeted Amounts
204
City of American Canyon
Schedule of Revenues, Expenditures, and
Changes in Fund Balances
Budget and Actual (GAAP Basis)
Nonmajor Governmental Funds
For the Year Ended June 30, 2025
REVENUES
Sales taxes
Special assessments
Intergovernmental
Charges for services
Use of money and property
Other
Total Revenues
EXPENDITURES
Current:
General government
Public safety
Public works
Community development
Parks and recreation
Capital outlay
Debt service:
Principal
Interest
Total Expenditures
Excess (Deficiency) of Revenues over Expenditures
OTHER FINANCING SOURCES (USES)
Sale of capital assets
Transfers in
Transfers out
Total Other Financing Sources (Uses)
Net Change in Fund Balances
Fund Balances Beginning
Fund Balances Ending
Variance with
Final Budget
Actual Positive
Original Final Amounts (Negative)
$ - $ - $ - $ -
- - - -
- - - -
114,100 171,200 161,000 (10,200)
- 500 1,141 641
- - - -
114,100 171,700 162,141 (9,559)
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
114,100 171,700 162,141 (9,559)
- - - -
- - - -
- - - -
- - - -
114,100 171,700 162,141 (9,559)
(128,795) (128,795) (128,795) -
$ (14,695) $ 42,905 $ 33,346 $ (9,559)
Cont'd
Zero Water Footprint
Budgeted Amounts
205
City of American Canyon
Schedule of Revenues, Expenditures, and
Changes in Fund Balances
Budget and Actual (GAAP Basis)
Nonmajor Governmental Funds
For the Year Ended June 30, 2025
REVENUES
Sales taxes
Special assessments
Intergovernmental
Charges for services
Use of money and property
Other
Total Revenues
EXPENDITURES
Current:
General government
Public safety
Public works
Community development
Parks and recreation
Capital outlay
Debt service:
Principal
Interest
Total Expenditures
Excess (Deficiency) of Revenues over Expenditures
OTHER FINANCING SOURCES (USES)
Sale of capital assets
Transfers in
Transfers out
Total Other Financing Sources (Uses)
Net Change in Fund Balances
Fund Balances Beginning
Fund Balances Ending
Variance with
Final Budget
Actual Positive
Original Final Amounts (Negative)
$ - $ - $ - $ -
- - - -
- - - -
- 75,000 75,000 -
10,700 10,700 18,664 7,964
- - - -
10,700 85,700 93,664 7,964
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
10,700 85,700 93,664 7,964
- - - -
- - - -
- - - -
- - - -
10,700 85,700 93,664 7,964
320,856 320,856 320,856 -
$ 331,556 $ 406,556 $ 414,520 $ 7,964
Cont'd
Utility Underground
Budgeted Amounts
206
City of American Canyon
Schedule of Revenues, Expenditures, and
Changes in Fund Balances
Budget and Actual (GAAP Basis)
Nonmajor Governmental Funds
For the Year Ended June 30, 2025
REVENUES
Sales taxes
Special assessments
Intergovernmental
Charges for services
Use of money and property
Other
Total Revenues
EXPENDITURES
Current:
General government
Public safety
Public works
Community development
Parks and recreation
Capital outlay
Debt service:
Principal
Interest
Total Expenditures
Excess (Deficiency) of Revenues over Expenditures
OTHER FINANCING SOURCES (USES)
Sale of capital assets
Transfers in
Transfers out
Total Other Financing Sources (Uses)
Net Change in Fund Balances
Fund Balances Beginning
Fund Balances Ending
Variance with
Final Budget
Actual Positive
Original Final Amounts (Negative)
$ - $ - $ - $ -
- - - -
6,532,828 6,532,828 - (6,532,828)
- 87,400 87,380 (20)
- - - -
- - - -
6,532,828 6,620,228 87,380 (6,532,848)
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
6,532,828 6,620,228 87,380 (6,532,848)
- - - -
- - - -
(6,532,828) (6,532,828) (729,620) 5,803,208
(6,532,828) (6,532,828) (729,620) 5,803,208
- 87,400 (642,240) (729,640)
(247,099) (247,099) (247,099) -
$ (247,099) $ (159,699) $ (889,339) $ (729,640)
Cont'd
Community Facilities District Capital Projects
Budgeted Amounts
207
City of American Canyon
Schedule of Revenues, Expenditures, and
Changes in Fund Balances
Budget and Actual (GAAP Basis)
Nonmajor Governmental Funds
For the Year Ended June 30, 2025
REVENUES
Sales taxes
Special assessments
Intergovernmental
Charges for services
Use of money and property
Other
Total Revenues
EXPENDITURES
Current:
General government
Public safety
Public works
Community development
Parks and recreation
Capital outlay
Debt service:
Principal
Interest
Total Expenditures
Excess (Deficiency) of Revenues over Expenditures
OTHER FINANCING SOURCES (USES)
Sale of capital assets
Transfers in
Transfers out
Total Other Financing Sources (Uses)
Net Change in Fund Balances
Fund Balances Beginning
Fund Balances Ending
Variance with
Final Budget
Actual Positive
Original Final Amounts (Negative)
$ - $ - $ - $ -
- - - -
- - - -
594,975 594,975 310,291 (284,684)
40,000 40,000 45,703 5,703
- - - -
634,975 634,975 355,994 (278,981)
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
634,975 634,975 355,994 (278,981)
- - - -
- - - -
- (200,000) (200,000) -
- (200,000) (200,000) -
634,975 434,975 155,994 (278,981)
1,238,723 1,238,723 1,238,723 -
$ 1,873,698 $ 1,673,698 $ 1,394,717 $ (278,981)
Cont'd
Fire Mitigation
Budgeted Amounts
208
City of American Canyon
Schedule of Revenues, Expenditures, and
Changes in Fund Balances
Budget and Actual (GAAP Basis)
Nonmajor Governmental Funds
For the Year Ended June 30, 2025
REVENUES
Sales taxes
Special assessments
Intergovernmental
Charges for services
Use of money and property
Other
Total Revenues
EXPENDITURES
Current:
General government
Public safety
Public works
Community development
Parks and recreation
Capital outlay
Debt service:
Principal
Interest
Total Expenditures
Excess (Deficiency) of Revenues over Expenditures
OTHER FINANCING SOURCES (USES)
Sale of capital assets
Transfers in
Transfers out
Total Other Financing Sources (Uses)
Net Change in Fund Balances
Fund Balances Beginning
Fund Balances Ending
Variance with
Final Budget
Actual Positive
Original Final Amounts (Negative)
$ - $ - $ - $ -
- - - -
- - - -
- - - -
- - 74,302 74,302
- - - -
- - 74,302 74,302
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - 74,302 74,302
- - - -
- - - -
(899,555) (929,555) (13,855) 915,700
(899,555) (929,555) (13,855) 915,700
(899,555) (929,555) 60,447 990,002
4,696,538 4,696,538 4,696,538 -
$ 3,796,983 $ 3,766,983 $ 4,756,985 $ 990,002
Cont'd
Renovation and Replacement Capital Projects
Budgeted Amounts
209
City of American Canyon
Schedule of Revenues, Expenditures, and
Changes in Fund Balances
Budget and Actual (GAAP Basis)
Nonmajor Governmental Funds
For the Year Ended June 30, 2025
REVENUES
Sales taxes
Special assessments
Intergovernmental
Charges for services
Use of money and property
Other
Total Revenues
EXPENDITURES
Current:
General government
Public safety
Public works
Community development
Parks and recreation
Capital outlay
Debt service:
Principal
Interest
Total Expenditures
Excess (Deficiency) of Revenues over Expenditures
OTHER FINANCING SOURCES (USES)
Sale of capital assets
Transfers in
Transfers out
Total Other Financing Sources (Uses)
Net Change in Fund Balances
Fund Balances Beginning
Fund Balances Ending
Variance with
Final Budget
Actual Positive
Original Final Amounts (Negative)
$ - $ - $ - $ -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
380,445 380,445 376,399 4,046
88,194 88,194 92,240 (4,046)
468,639 468,639 468,639 -
(468,639) (468,639) (468,639) -
- - - -
468,639 468,639 468,639 -
- - - -
468,639 468,639 468,639 -
- - - -
- - - -
$ - $ - $ - $ -
Cont'd
Cabernet Village Lease Debt Service
Budgeted Amounts
210
City of American Canyon
Schedule of Revenues, Expenditures, and
Changes in Fund Balances
Budget and Actual (GAAP Basis)
Nonmajor Governmental Funds
For the Year Ended June 30, 2025
REVENUES
Sales taxes
Special assessments
Intergovernmental
Charges for services
Use of money and property
Other
Total Revenues
EXPENDITURES
Current:
General government
Public safety
Public works
Community development
Parks and recreation
Capital outlay
Debt service:
Principal
Interest
Total Expenditures
Excess (Deficiency) of Revenues over Expenditures
OTHER FINANCING SOURCES (USES)
Sale of capital assets
Transfers in
Transfers out
Total Other Financing Sources (Uses)
Net Change in Fund Balances
Fund Balances Beginning
Fund Balances Ending
Variance with
Final Budget
Actual Positive
Original Final Amounts (Negative)
$ - $ - $ - $ -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
30,491 30,491 30,509 (18)
7,968 7,968 7,949 19
38,459 38,459 38,458 1
(38,459) (38,459) (38,458) 1
- - - -
38,459 38,459 38,458 (1)
- - - -
38,459 38,459 38,458 (1)
- - - -
(17,750) (17,750) (17,750) -
$ (17,750) $ (17,750) $ (17,750) $ -
Cont'd
Engie City Debt Service
Budgeted Amounts
211
City of American Canyon
Schedule of Revenues, Expenditures, and
Changes in Fund Balances
Budget and Actual (GAAP Basis)
Nonmajor Governmental Funds
For the Year Ended June 30, 2025
REVENUES
Sales taxes
Special assessments
Intergovernmental
Charges for services
Use of money and property
Other
Total Revenues
EXPENDITURES
Current:
General government
Public safety
Public works
Community development
Parks and recreation
Capital outlay
Debt service:
Principal
Interest
Total Expenditures
Excess (Deficiency) of Revenues over Expenditures
OTHER FINANCING SOURCES (USES)
Sale of capital assets
Transfers in
Transfers out
Total Other Financing Sources (Uses)
Net Change in Fund Balances
Fund Balances Beginning
Fund Balances Ending
Variance with
Final Budget
Actual Positive
Original Final Amounts (Negative)
$ - $ - $ - $ -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - 17,063 (17,063)
- - 4,483 (4,483)
- - 21,546 (21,546)
- - (21,546) (21,546)
- - - -
- - 21,546 21,546
- - - -
- - 21,546 21,546
- - - -
(40,698) (40,698) (40,698) -
$ (40,698) $ (40,698) $ (40,698) $ -
Concluded
Engie Fire Debt Service
Budgeted Amounts
212
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213
INTERNAL SERVCICE FUNDS
Internal service funds are established to account for goods or services provided by one department within the City to other departments or other government units on a cost reimbursement basis. The following are internal service funds:
Building Maintenance – Accounts for the maintenance of all city facilities including janitorial, security alarms, door locks and building related equipment.
Fleet Operations – Accounts for the maintenance of services to city vehicles and equipment using city staff and contracting service out when necessary.
Information Technology – Accounts for the maintenance of services to city computer systems including the financial management system, utility billing system, and building permit software.
Legal – Accounts for legal costs incurred by the City.
214
City of American Canyon
Combining Statement of Net Position
Internal Service Funds
June 30, 2025
Building Fleet Information
Maintenance Operations Technology Legal Total
ASSETS
Current assets:
Cash and investments $ 961,490 $ 507,260 $ 889,299 $ - $ 2,358,049 Interest receivable 3,799 1,094 2,782 - 7,675
Prepaid items 404 457 119 - 980
Total current assets 965,693 508,811 892,200 - 2,366,704 Noncurrent assets:
Capital assets:
Depreciable, net of accumulated depreciation - 1,651,350 669,178 - 2,320,528 Total assets $ 965,693 $ 2,160,161 $ 1,561,378 $ - $ 4,687,232
DEFERRED OUTFLOWS OF RESOURCES
Pension adjustments $ 40,380 $ 68,723 $ 25,627 $ - $ 134,730 OPEB adjustments 53,561 53,561 15,303 - 122,425
Total deferred outflows of resources $ 93,941 $ 122,284 $ 40,930 $ - $ 257,155
LIABILITIES
Current liabilities:
Accounts payable $ 69,891 $ 176,305 $ 23,691 $ 68,768 $ 338,655 Accrued expenses 47 4,491 1,728 - 6,266
Interest payable - - 17,057 - 17,057
Due to other funds - - - 209,696 209,696
Compensated absences, current portion 10,927 2,185 - - 13,112 Long-term debt, current portion - 439,726 278,016 - 717,742 Total current liabilities 80,865 622,707 320,492 278,464 1,302,528 Noncurrent liabilities:
Compensated absences 20,528 4,621 1,316 - 26,465
Net pension liability 126,496 215,285 80,280 - 422,061
Net OPEB liability 85,873 85,873 24,535 - 196,281
Long-term debt - 870,665 250,019 - 1,120,684
Total noncurrent liabilities 232,897 1,176,444 356,150 - 1,765,491 Total liabilities $ 313,762 $ 1,799,151 $ 676,642 $ 278,464 $ 3,068,019
DEFERRED INFLOWS OF RESOURCES
Pension adjustments $ 5,659 $ 9,631 $ 3,592 $ - $ 18,882 OPEB adjustments 25,087 25,087 7,168 - 57,342
Total deferred inflows of resources $ 30,746 $ 34,718 $ 10,760 $ - $ 76,224
NET POSITION
Net Investment in capital assets $ - $ 340,959 $ 141,143 $ - $ 482,102 Unrestricted 715,126 107,617 773,763 (278,464) 1,318,042 Total net position $ 715,126 $ 448,576 $ 914,906 $ (278,464) $ 1,800,144 215
City of American Canyon
Combining Statement of Revenues, Expenses and Changes in Net Position Internal Service Funds
For the Year Ended June 30, 2025
Building Fleet Information
Maintenance Operations Technology Legal Total
OPERATING REVENUES
Charges for services $ 1,200,000 $ 1,149,998 $ 1,560,999 $ 400,010 $ 4,311,007 Other - - - - -
Total operating revenues 1,200,000 1,149,998 1,560,999 400,010 4,311,007
OPERATING EXPENSES
Employee services 212,100 256,914 89,456 - 558,470
Maintenance and operations 782,294 470,827 588,251 650,711 2,492,083 Depreciation and amortization - 521,666 295,301 - 816,967 Total operating expenses 994,394 1,249,407 973,008 650,711 3,867,520 Operating income (loss) 205,606 (99,409) 587,991 (250,701) 443,487
NONOPERATING REVENUES (EXPENSES)
Investment earnings 34,822 12,313 23,486 1,080 71,701
Other revenue - - 15,000 - 15,000
Interest expense - (74,022) (7,854) - (81,876)
Gain (loss) on disposal of capital assets - 5,728 - - 5,728 Total nonoperating revenues (expenses) 34,822 (55,981) 30,632 1,080 10,553 Change in net position 240,428 (155,390) 618,623 (249,621) 454,040 Total net position - beginning 474,698 603,966 296,283 (28,843) 1,346,104 Total net position - ending $ 715,126 $ 448,576 $ 914,906 $ (278,464) $ 1,800,144 216
City of American Canyon
Combining Statement of Cash Flows
Internal Service Funds
For the Year Ended June 30, 2025
Building Fleet Information
Maintenance Operations Technology Legal Total
Cash flows from operating activities:
Receipts from interfund charges for services $ 1,200,000 $ 1,153,698 $ 1,561,999 $ 400,010 $ 4,315,707 Payments to employees and related benefits (188,922) (239,657) (86,400) - (514,979) Payments to suppliers (806,177) (314,782) (587,806) (652,824) (2,361,589) Net cash provided (used) by operating activities 204,901 599,259 887,793 (252,814) 1,439,139 Cash flows from noncapital financing activities:
Receipts from grants and other - - 15,000 - 15,000
Interfund transactions - - - 209,696 209,696
Net cash provided (used) by noncapital fin. activities - - 15,000 209,696 224,696 Cash flows from capital financing activities:
Acquisition of capital assets - (334,579) (730,584) - (1,065,163) Proceeds from sale of capital assets - 5,728 - - 5,728
Proceeds from long-term debt - 277,284 730,586 - 1,007,870 Principal payments on long-term debt - (391,620) (439,328) - (830,948) Interest paid on long-term debt - (74,022) - - (74,022) Net cash provided (used) by capital financing activities - (517,209) (439,326) - (956,535) Cash flows from investing activities:
Investment receipts 34,544 12,742 21,916 2,282 71,484
Net cash provided (used) by investing activities 34,544 12,742 21,916 2,282 71,484 Net increase (decrease) in cash and cash equivalents 239,445 94,792 485,383 (40,836) 778,784 Cash and cash equivalents - beginning 722,045 412,468 403,916 40,836 1,579,265 Cash and cash equivalents - ending $ 961,490 $ 507,260 $ 889,299 $ - $ 2,358,049 Reconciliation of operating income to net cash provided (used) by operating activities:
Operating income (loss) $ 205,606 $ (99,409) $ 587,991 $ (250,701) $ 443,487 Adjustments to reconcile operating income (loss)
to net cash provided (used) by operating activities:
Depreciation - 521,666 295,301 - 816,967
Change in operating assets and liabilities:
Accounts receivables - 3,700 1,000 - 4,700
Prepaid items (28) (81) 25,986 - 25,877
Deferred outflows of resources 11,747 13,049 9,513 - 34,309 Accounts payable (23,855) 156,126 (25,541) (2,113) 104,617 Accrued expenses (3,196) 981 (455) - (2,670)
Compensated absences 19,484 (8,472) 1,316 - 12,328
Net OPEB liability (2,968) (2,968) (848) - (6,784)
Net pension liability (10,277) 5,876 (8,405) - (12,806) Deferred inflows of resources 8,388 8,791 1,935 - 19,114 Net cash provided (used) by operating activities $ 204,901 $ 599,259 $ 887,793 $ (252,814) $ 1,439,139 217
CUSTODIAL FUNDS
La Vigne Assessment District – These assessment bonds were issued to finance water and sewer connection fees of the La Vigne Subdivision. The bonds are secured by special assessments levied against properties within the District.
American Canyon Road East Assessment District – These assessment bonds were issued to finance major street and road realignments and improvements of the American Canyon Road East. The bonds are secured by special assessments levied against properties within the District.
Community Facilities District No. 2018-1 – The District was formed to account for the Community Facilities District No. 2018-1 (Green Island Road Project) Special Tax Bonds, Series 2020 debt service and maintenance expenses of the Green Island Road Community Facilities District. The bonds are secured by special assessments levied against commercial properties within the District.
Tourism Improvement District – The District was formed to account for the local share of a 2% annual assessment on room rental revenue at lodging businesses through June 16, 2025 that is used for marketing programs, special event sponsorship and other programs to benefit lodging businesses paying the assessment by attracting overnight visitors.
218
City of American Canyon
Custodial Funds
Combining Statement of Fiduciary Net Position
June 30, 2025
American
Canyon Road Community
La Vigne East Facility Tourism
Assessment Assessment District No. Improvement Total
District District 2018-1 District Custodial
ASSETS
Current assets:
Cash and investments $ 624,445 $ 1,815,487 $ 3,973,822 $ 82,140 $ 6,495,894 Restricted cash and investments 351,942 114,963 5,834,397 - 6,301,302 Taxes receivable 8,318 6,594 - 12,236 27,148
Accounts receivable - - - - -
Interest receivable 2,477 6,295 20,511 412 29,695
Total Assets $ 987,182 $ 1,943,339 $ 9,828,730 $ 94,788 $ 12,854,039
LIABILITIES
Current liabilities:
Accounts payable $ 1,500 $ - $ - $ 2,500 $ 4,000
Interest payable 32,673 92,016 58,977 - 183,666
Total Liabilities $ 34,173 $ 92,016 $ 58,977 $ 2,500 $ 187,666
NET POSITION
Restricted for:
Individuals, organizations and
other governments $ 953,009 $ 1,851,323 $ 9,769,753 $ 92,288 $ 12,666,373 Total Net Position $ 953,009 $ 1,851,323 $ 9,769,753 $ 92,288 $ 12,666,373 219
City of American Canyon
Custodial Funds
Combining Statement of Changes in Fiduciary Net Position For the Year Ended June 30, 2025
American
Canyon Road Community
La Vigne East Facility Tourism
Assessment Assessment District No. Improvement Total
District District 2018-1 District Custodial
ADDITIONS
Special and assessments $ 205,508 $ 1,205,302 $ 864,636 $ - $ 2,275,446 Tourist business improvement tax - - - 139,377 139,377
Interest and investment earnings 30,244 81,182 355,218 3,847 470,491 Debt issuance - - 5,098,112 - 5,098,112
Other - - 8,150 - 8,150
Total additions 235,752 1,286,484 6,326,116 143,224 7,991,576
DEDUCTIONS
Maintenance and operations 21,964 57,075 94,570 158,151 331,760 Debt service:
Principal 339,200 655,000 90,000 - 1,084,200
Interest 100,121 281,508 585,738 - 967,367
Total deductions 461,285 993,583 770,308 158,151 2,383,327 Change in net position (225,533) 292,901 5,555,808 (14,927) 5,608,249 Total net position - beginning 1,178,542 1,558,422 4,213,945 107,215 7,058,124 Total net position - ending $ 953,009 $ 1,851,323 $ 9,769,753 $ 92,288 $ 12,666,373 220
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221
STATISTICAL SECTION
222
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223
224
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225
2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Governmental activities: Net investment in capital assets $ 265,385,854 $ 264,189,215 $ 263,939,254 $ 260,686,136 $ 261,844,024 $ 267,596,487 $ 269,180,380 $ 266,988,674 $ 275,110,263 $ 288,500,171 Restricted 13,009,697 13,908,483 24,809,820 27,372,270 29,460,378 32,192,383 34,104,181 36,942,980 39,882,318 33,846,251 Unrestricted 2,076,005 2,454,460 (266,869) 1,057,568 (1,568,807) (1,033,617) 308,949 4,743,410 4,476,635 9,852,481 Total governmental activities net position 280,471,556 $ $ 280,552,158 $ 288,482,205 $ 289,115,974 $ 289,735,595 $ 298,755,253 $ 303,593,510 $ 308,675,064 $ 319,469,216 $ 332,198,903 Business-type activities: Net investment in capital assets $ 50,662,110 $ 49,753,722 $ 49,496,148 $ 49,791,720 $ 48,038,697 $ 47,260,429 $ 45,949,422 $ 45,866,437 $ 52,433,523 $ 57,365,046 Restricted 2,811,555 3,012,029 5,538,744 5,282,263 5,766,873 6,075,266 6,747,589 6,879,458 8,795,004 10,033,388 Unrestricted 6,993,828 9,422,288 11,766,749 13,269,512 15,043,433 17,697,686 18,298,635 15,959,775 18,327,146 9,003,978 Total business-type activities $ 60,467,493 $ 62,188,039 $ 66,801,641 $ 68,343,495 $ 68,849,003 $ 71,033,381 $ 70,995,646 $ 68,705,670 $ 79,555,673 $ 76,402,412 Primary government (City wide totals) Net investment in capital assets $ 315,007,964 $ 313,942,937 $ 313,435,402 $ 310,477,856 $ 309,882,721 $ 314,856,916 $ 315,129,802 $ 312,855,111 $ 327,543,786 $ 345,865,217 Restricted 15,821,252 16,920,512 30,348,564 32,654,533 35,227,251 38,267,649 40,851,770 43,822,438 48,677,322 43,879,639 Unrestricted 9,069,833 11,876,748 11,499,880 14,327,080 13,474,626 16,664,059 18,607,584 20,703,185 22,803,781 18,856,459 Total primary government net position 339,899,049 $ $ 342,740,197 $ 355,283,846 $ 357,459,469 $ 358,584,598 $ 369,788,624 $ 374,589,156 $ 377,380,734 $ 399,024,889 $ 408,601,315 Data Source: City of American Canyon Annual Comprehensive Financial Report. -------------------------------------------------------------------------------------------------- Prior Years ------------------------------------------------------------------------------------------------- Schedule 1
City of American Canyon
Net Position by Component
Last Ten Fiscal Years
(Accrual basis of accounting)
226
2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Expenses:Governmental activities:
General government $ 5,295,617 $ 5,074,386 $ 5,320,539 $ 5,968,757 $ 7,679,164 $ 6,844,132 $ 6,491,043 $ 9,789,205 $ 8,058,523 $ 8,472,582 Public safety 12,125,365 11,620,139 12,218,637 12,342,182 13,572,574 14,316,901 15,225,172 13,571,896 17,368,952 17,892,931 Public works 6,131,623 5,221,293 6,019,309 7,936,947 6,779,915 6,230,869 6,545,982 8,387,534 9,652,314 8,759,781 Community development 2,782,954 5,282,633 2,483,945 2,513,656 1,656,055 1,734,661 2,172,416 3,677,752 2,828,837 2,769,368 Parks and recreation 2,924,419 3,625,019 3,844,214 3,439,644 2,895,566 2,791,825 2,682,143 3,093,188 3,522,811 2,360,150 Storm Drain - - - 315,909 - 350,946 365,855 401,695 489,304 1,021,399 Interest on long-term debt 278,204 262,354 246,458 229,456 249,866 163,633 292,804 126,887 105,961 217,490 Total governmental activities expenses 29,538,182 31,085,824 30,133,102 32,430,642 33,149,049 32,432,967 33,775,415 39,048,157 42,026,702 41,493,701 Business-type activities:
Water $ 5,362,693 $ 6,107,343 $ 6,022,713 $ 5,986,895 $ 6,997,224 $ 6,761,366 $ 8,284,697 8,955,804 8,727,826 9,448,239 Wastewater 4,992,726 4,023,167 4,588,339 4,456,463 4,416,151 5,939,890 4,958,917 5,591,878 6,025,937 6,631,684 Recycled Water 18,586 273,011 557,261 1,264,147 1,168,433 Total business-type activities expenses 10,355,419 10,130,510 10,611,052 10,443,358 11,413,375 12,719,842 13,516,625 15,104,943 16,017,910 17,248,356 Total City government expenses $ 39,893,601 $ 41,216,334 $ 40,744,154 $ 42,874,000 $ 44,562,424 $ 45,152,809 $ 47,292,040 54,153,100 58,044,612 58,742,057 Program Revenues:Governmental activities:
Charges for services:
General government $ 636,987 $ 724,671 $ 900,185 $ 599,289 $ 769,362 $ 518,482 $ 622,830 802,991 720,679 858,776 Public safety 1,461,036 1,296,885 1,822,591 1,463,879 1,717,683 1,880,635 1,592,796 1,585,452 1,271,009 2,085,991 Public works 4,891,107 1,990,415 3,326,094 725,299 2,498,096 1,860,742 916,039 716,829 992,526 1,003,591 Community development 2,662,203 5,351,403 1,921,393 2,140,534 1,628,919 1,640,602 1,883,673 2,540,651 1,554,955 1,500,788 Parks and recreation 406,163 1,034,664 1,291,887 328,236 156,108 95,597 671,863 327,341 1,036,418 1,302,747 Operating grants and contributions 1,078,889 1,333,432 762,518 1,282,102 1,088,467 1,307,790 4,748,169 2,039,244 4,148,151 2,343,257 Capital grants and contributions 1,449,076 907,342 13,110,677 1,690,897 87,150 7,699,791 1,237,762 2,209,497 10,344,347 2,958,402 Total gov't activities program revenues 12,585,461 12,638,812 23,135,345 8,230,236 7,945,785 15,003,639 11,673,132 10,222,005 20,068,085 12,053,552 Business-type activities:
Charges for services:
Water $ 5,318,577 $ 7,066,769 $ 6,876,702 $ 6,931,105 $ 7,460,837 $ 8,525,517 $ 8,412,016 8,544,184 9,440,558 9,638,852 Wastewater 3,973,672 4,434,945 4,365,272 4,427,087 4,424,515 4,722,446 4,824,937 4,940,178 5,002,640 5,656,014 Recycled Water 113,591 478,915 226,361 202,659 283,352
Operating grants and contributions 711,601 580,429 254,863 215,630 207,410 438,415 240,304 318,918 355,766 - Capital grants and contributions 2,301,541 284,400 3,851,481 200,585 468,533 1,462,249 1,826,213 568,830 10,201,448 4,993,801 Total bus-type activities programs revenues 12,305,391 12,366,543 15,348,318 11,774,407 12,561,295 15,262,218 15,782,385 14,598,471 25,203,071 20,572,019 Total City government program revenues 24,890,852 $ $ 25,005,355 $ 38,483,663 $ 20,004,643 $ 20,507,080 $ 30,265,857 $ 27,455,517 $ 24,820,476 $ 45,271,156 $ 32,625,571 Schedule 2
City of American Canyon
Changes in Net Position, Last Ten Fiscal Years
(Accrual Basis of Accounting)
------------------------------------------------------------------------------------------- Prior Years ------------------------------------------------------------------------------------------ 227
2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Net(Expense)Revenue:
Governmental activities $ (16,952,721) $ (18,447,012) $ (6,997,757) $ (24,200,406) $ (25,203,264) $ (17,429,328) $ (22,102,283) $ (28,826,152) $ (21,958,617) $ (29,440,149) Business-type activities 1,949,972 2,236,033 4,737,266 1,331,049 1,147,920 2,542,376 2,265,760 (506,472) 9,185,161 3,323,663Total City government $ (15,002,749) $ (16,210,979) $ (2,260,491) $ (22,869,357) $ (24,055,344) $ (14,886,952) $ (19,836,523) $ (29,332,624) $ (12,773,456) $ (26,116,486) General Revenues and Other Changes in in Net Position:Governmental activities:
Taxes:
Property taxes $ 12,317,143 $ 12,738,881 $ 13,840,597 $ 15,084,618 $ 15,862,655 $ 16,156,774 $ 17,264,929 $ 18,218,818 $ 19,725,949 $ 20,538,669 Sales taxes 2,589,452 2,301,445 2,800,575 4,222,888 3,891,032 4,417,552 5,000,961 7,863,107 6,256,935 5,820,189 Other taxes 3,076,637 3,076,198 3,197,726 3,179,812 2,542,370 2,313,850 3,228,510 3,480,013 3,427,461 3,297,244 Investment earnings 372,728 (1,047) 15,200 1,172,806 1,353,014 (75,937) (1,303,678) 558,488 2,664,280 2,643,825Miscellaneous 524,995 543,725 616,199 568,578 777,427 831,482 524,021 1,051,888 583,354 1,001,280Transfers (266,772) 868,412 (15,450) 605,473 1,396,387 2,066,071 2,225,797 2,735,392 94,790 8,654,194 Total governmental activities 18,614,183 19,527,614 20,454,847 24,834,175 25,822,885 25,709,792 26,940,540 33,907,706 32,752,769 41,955,401Business-type activities Investment earnings and other 630,994 392,925 613,734 816,278 753,975 1,493,566 (77,688) 650,946 1,558,968 1,818,234Other 300,942 200,664 573,471Transfers 266,772 (868,412) 15,450 (605,473) (1,396,387) (2,066,071) (2,225,797) (2,735,392) (94,790) (8,654,194) Total business-type activities 897,766 (475,487) 629,184 210,805 (642,412) (572,505) (2,303,485) (1,783,504) 1,664,842 (6,262,489)Total City government $ 19,511,949 $ 19,052,127 $ 21,084,031 $ 25,044,980 $ 25,180,473 $ 25,137,287 $ 24,637,055 $ 32,124,202 $ 34,417,611 $ 35,692,912 Change in net position:Governmental activities $ 1,661,462 $ 1,080,602 $ 13,457,090 $ 633,769 $ 619,621 $ 8,280,464 $ 4,838,257 $ 5,081,554 $ 10,794,152 $ 12,515,252 Business-type activities 2,847,738 1,760,546 5,366,450 1,541,854 505,508 1,969,871 (37,725) (2,289,976) 10,850,003 (2,938,826)Total City government $ 4,509,200 $ 2,841,148 $ 18,823,540 $ 2,175,623 $ 1,125,129 $ 10,250,335 $ 4,800,532 $ 2,791,578 $ 21,644,155 $ 9,576,426 Data Source: City of American Canyon Annual Comprehensive Financial Report.
City of American Canyon
Changes in Net Position, Last Ten Fiscal Years
(Accrual Basis of Accounting)
------------------------------------------------------------------------------------------------ Prior Years ----------------------------------------------------------------------------------------------- 228
Fiscal
Year Nonspendable Restricted Committed Assigned Unassigned Total General
Fund Nonspendable Restricted Committed Assigned Unnassigned Total All Other
Governmental
Funds
2025 $ 1,367,194 25,253 $ 8,071,214 $ - $ 1,977,565 $ $ 11,441,226 $ 32,479,057 - $ 6,149,718 $ 3,514,163 $ (1,759,992) $ $ 40,382,946 2024 $ 1,050,147 29,258 $ 8,399,184 $ - $ 2,083,402 $ $ 11,561,991 $ 30,070,983 - $ 6,179,261 $ 3,624,529 $ (1,128,548) $ $ 38,746,225 2023 $ 1,185,906 475,315 $ 7,915,030 $ 1,000,000 $ 4,724,240 $ $ 15,300,491 $ 29,094,274 - $ 1,392,733 $ 3,912,323 $ (1,983,835) $ $ 32,415,495 2022 $ 861,278 442,414 $ 7,000,440 $ 1,000,000 $ 3,282,423 $ $ 12,586,555 $ 25,129,175 - $ 1,267,279 $ 4,238,734 $ (944,846) $ $ 29,690,342 2021 $ 528,861 438,510 $ 6,387,027 $ 1,000,000 $ 3,850,226 $ $ 12,204,624 $ 23,093,099 - $ 1,285,478 $ 4,776,137 $ (628,984) $ $ 28,525,730 2020 $ 329,693 433,239 $ 6,155,254 $ 1,222,691 $ 2,650,256 $ $ 10,791,133 $ 16,317 $ 21,325,918 $ 1,125,743 $ (462,069) 4,684,889 $ $ 26,690,798 2019 $ 350,225 426,935 $ 6,021,464 $ 1,222,691 $ 2,337,950 $ $ 10,359,265 $ - $ 19,609,753 $ - $ 5,871,283 $ (1,222,233) $ 24,258,803 2018 563,295 $ 115,106 $ 1,903,925 $ 1,222,500 $ 4,752,357 $ $ 8,557,183 $ 11,234,057 688 $ - $ 5,974,310 $ (2,072,155) $ $ 15,136,900 2017 687,237 $ 141,751 $ 6,117,954 $ 1,201,941 $ 215,304 $ $ 8,364,187 $ 7,326,627 688 $ 1,347,000 $ 3,848,526 $ (1,872,056) $ $ 10,650,785 2016 909,462 $ 89,269 $ 5,859,953 $ 1,491,026 $ 1,548,892 $ $ 9,898,602 $ 7,490,493 688 $ 1,347,000 $ 4,011,876 $ (933,413) $ $ 11,916,644 Data Source: City of American Canyon Annual Comprehensive Financial Report. --------------------- Prior Years ------------------------- Schedule 3
City of American Canyon
Fund Balances, Governmental Funds
Last Ten Fiscal Years
General Fund All Other Governmental Funds
229
2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Revenues:
Taxes $ 22,553 $ 19,242 $ 20,381 $ 30,520 $ 22,705 $ 22,656 $ 25,774 $ 29,415 $ 29,900 $ 29,990 Special assessments 488 550 583 581 638 668 665 652 706 736 Fines and forfeits 95 98 91 151 65 73 101 156 54 160
Licenses and permits 455 460 763 428 619 585 762 1,070 757 847 Intergovernmental 3,049 1,689 2,441 3,061 1,834 4,848 5,135 2,442 7,184 4,409 Charges for services 3,572 4,913 8,669 3,197 4,672 3,848 4,656 4,648 3,503 4,710 Other revenues 1,275 851 1,151 2,563 2,353 1,439 (281) 3,530 3,561 4,671 Total revenues 31,487 27,803 34,079 40,501 32,886 34,117 36,812 41,914 45,664 45,523Expenditures:
General government 5,111 5,237 5,084 5,645 5,648 5,312 6,773 7,654 7,735 9,085 Public safety 10,731 11,063 12,043 12,362 12,930 13,800 14,802 15,370 16,978 18,729 Comm. Dev. and Public Works 5,453 7,619 5,446 6,482 6,753 4,432 5,909 9,300 9,108 8,642 Parks and Recreation 2,665 3,615 3,445 3,215 1,847 2,809 2,720 3,071 3,531 2,643 Principal 583 606 628 583 538 4,598 1,270 176 655 674Interest 314 291 268 243 222 315 959 147 153 142 Capital outlay 5,260 3,040 2,099 1,670 3,458 7,022 4,806 5,334 4,534 12,747 Total expenditures 30,117 31,471 29,013 30,200 31,396 38,288 37,239 41,052 42,694 52,661Excess of revenues over(under) expenditures 1,370 (3,668) 5,066 10,301 1,490 (4,171) (427) 862 2,970 (7,138) Other Financing
Sources(Uses)
Debt issuances - - - - - 5,399 - 1,842 - -
Transfers in 9,050 5,403 4,289 5,207 5,973 9,873 7,107 9,258 17,222 17,421 Transfers out (10,097) (4,535) (4,676) (4,601) (4,577) (7,875) (5,215) (6,523) (17,600) (8,767) Other Sources - - - - - 12 - - - -
Sale of Assets - - - 18 - 10 10 - - -
Total other financing
Sources(Uses) (1,047) 868 (387) 623 1,396 7,419 1,902 4,577 (378) 8,654 Net change in fund balances $ 323 $ (2,800) $ 4,679 $ 10,924 $ 2,886 $ 3,248 $ 1,475 $ 5,439 $ 2,592 $ 1,516Debt service as a percentage of noncapital expenditures 3.6% 3.2% 3.3% 2.9% 2.7% 15.7% 6.9% 0.9% 2.1% 2.0% Data Source: City of American Canyon Annual Comprehensive Financial Report. --------------------------------------------------------------------------------------------------- Prior Years ------------------------------------------------------------------------------------------------- Schedule 4
City of American Canyon
Changes in Fund Balances, Governmental Funds
Last Ten Fiscal Years
(In Rounded Thousands of Dollars)
(Modified accrual basis of accounting)
230
Fiscal
Year Property Tax
Transient
Occupancy
Tax Franchise Tax
Cardroom
Admission Tax
Fire
Assessment
Fee Total
2016 12,348 $ 1,509 $ 722 $ 168 $ 607 $ 15,354 $
2017 12,705 $ 1,546 $ 727 $ 166 $ 600 $ 15,744 $
2018 13,807 $ 1,593 $ 738 $ 201 $ 614 $ 16,953 $
2019 14,951 $ 1,549 $ 751 $ 226 $ 639 $ 18,116 $
2020 15,781 $ 1,141 $ 785 $ 175 $ 659 $ 18,541 $
2021 16,096 $ 885 $ 815 $ 103 $ 689 $ 18,588 $
2022 17,288 $ 1,644 $ 840 $ 322 $ 697 $ 20,791 $
2023 17,873 $ 1,574 $ 1,031 $ 337 $ 739 $ 21,554 $
2024 20,015 $ 1,427 $ 1,092 $ 331 $ 798 $ 23,663 $
2025 20,508 $ 1,301 $ 1,197 $ 315 $ 847 $ 24,169 $
Data Source: City of American Canyon Annual Comprehensive Financial Report and General Ledger. -------------------- Prior Years ---------------------
(Modified accrual basis of accounting)
Schedule 5
City of American Canyon
Own Source Tax Revenues by Source
Last Ten Fiscal Years
(In Rounded Thousands of Dollars)
231
Fiscal
Year Residential Commercial Industrial Vacant Land SBE Nonunitary Possessory Int. Unsecured Other Total Total Direct Rate 2016 1,724,766 $ 143,476 $ 413,039 $ 59,632 $ 42 $ 17,265 $ 196,671 $ 14,027 $ 2,568,918 $ 0.28% 2017 $ 1,806,564 $ 162,450 $ 462,896 $ 72,072 $ 42 $ 18,507 $ 209,045 $ 14,217 $ 2,745,793 0.28% 2018 $ 1,952,312 $ 179,425 $ 518,566 $ 61,512 $ 42 $ 18,909 $ 176,326 $ 4,457 $ 2,911,549 0.27% 2019 $ 2,072,127 $ 191,160 $ 548,337 $ 62,889 $ 269 $ 19,337 $ 209,319 $ 4,492 $ 3,107,929 0.27% 2020 $ 2,158,339 $ 196,080 $ 624,597 $ 66,973 $ 269 $ 20,075 $ 252,546 $ 4,584 $ 3,323,463 0.27% 2021 $ 2,219,659 $ 207,421 $ 654,200 $ 76,869 $ 269 $ 21,107 $ 229,837 $ 83 $ 3,409,449 0.27% 2022 $ 2,306,148 $ 214,950 $ 752,961 $ 45,555 $ 27,769 $ 21,211 $ 230,824 $ 87 $ 3,599,505 0.27% 2023 $ 2,451,935 $ 220,492 $ 854,546 $ 56,068 $ 301 $ 21,654 $ 234,864 $ 87 $ 3,839,947 0.26% 2024 $ 2,570,711 $ 252,097 $ 1,075,411 $ 95,148 $ 301 $ 22,649 $ 244,497 $ 87 $ 4,260,901 0.26% 2025 $ 2,715,210 $ 250,762 $ 1,104,252 $ 109,464 $ 301 $ 23,371 $ 254,248 $ 82 $ 4,457,690 0.26% Note: Exempt values are not included in Total.In 1978 the voters of the State of California passed Proposition 13 which limited taxes to a total maximum rate of 1%, based upon the assessed value of the property being taxed. Each year, the assessed value of property may be increased by an "inflation factor" (limited to a maximum of 2%). With few exceptions, property is only reassessed as a result of new construction activity or at the time it is sold to a new owner. At thatpoint, the property is reassessed based upon the added value of the construction or at the pruchase price (market value) or economic value of the property sold. The assessed valuation data shown above representsthe only data currenlty available with respect to the actual market value of taxable property and is subject to the limitations described above.Data Source: Napa County Assessor 2015/16 - 2024/25 Combined Tax RollsThis report is not to be used in support of debt issuance or continuing disclosure statements without the written consent of the City of American Canyon. ----------------------- Prior Years ------------------------- Schedule 6
City of American Canyon
Assessed Value of Taxable Property
Last Ten Fiscal Years
(In thousands of dollars)
232
Agency 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Basic Levy1 1.00% 1.00% 1.00% 1.00% 1.00% 1.00% 1.00% 1.00% 1.00% 1.00% Napa College 0.026 0.025 0.024 0.024 0.021 0.019 0.018 0.017 Napa Valley College 0.019 0.019
Napa Valey Unified School District 0.063 0.114 0.102 0.098 0.090 0.090 0.088 0.084 0.076 0.076 Total Direct & Overlapping2
Tax Rates 0.089 0.140 0.126 0.122 0.110 0.111 0.106 0.101 0.095 0.095 City's Share of 1% Levy per Prop 133 0.296 0.296 0.296 0.292 0.292 0.292 0.292 0.292 0.292 0.350 Total Direct Rate4 0.276 0.276 0.274 0.275 0.271 0.271 0.267 0.265 0.258 0.257 Notes:
1 In 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 addtion 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.
2 Overlapping rates are those of local and county governments that apply to property owners within the City. Not all overlapping rates apply to all city property owners. 3 City'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. ERAF general fund tax shifts may not be included in tax ratio figures.
4 Total Direct Rate is the weighted average of all individual direct rates applied by the government preparing the statistical section information.
Data Source: Napa County Assessor 2014/15 - 2023/24 Tax Rate Table This report is not to be used in support of debt issuance or continuing disclosure statements without the written consent of the City of American Canyon. -------------------------------------------------- Prior Years ------------------------------------------------ Schedule 7
City of American Canyon
Direct and Overlapping Property Tax Rates
For The Last Ten Fiscal Years
(Rates per $100 of assessed value)
233
Parcels Revenue
% of
Revenue Parcels Revenue
% of
Revenue Value
% of
Revenue
EXETER 400 BOONE LLC 1 237,286 $ 1.42% 237,286 1.35%
Industrial American Canyon Gen Fund
DWF IV NLP II 3 220,962 $ 1.33% 220,962 1.26%
Industrial American Canyon Gen Fund
SDG HANNA COURT 411 LLC 2 166,698 $ 1.00% 166,698 0.95% Industrial American Canyon Gen Fund
SRI NAPA LLC ET AL 1 165,884 $ 1.00% 165,884 0.94%
Residential American Canyon Gen Fund
THE COCA-COLA COMPANY 1 $148,313.99 16.44% 148,314 0.84% Unsecured American Canyon Gen Fund
EXETER 1 MIDDLETON LLC 1 $138,108.74 0.83% 138,109 0.79% Industrial American Canyon Gen Fund
SDG COMMERCE 330 LLC 3 $137,119.46 0.82% 137,119 0.78%
Industrial American Canyon Gen Fund
BIAGI AND ASSOCIATES LLC 1 $131,858.15 0.79% 1 $4,672.41 0.52% 136,531 0.78% Industrial American Canyon Gen Fund
MEZZETTA 125 LP 1 $125,113.59 0.75% 125,114 0.71%
Industrial American Canyon Gen Fund
BARRY CALLEBAUT USA LLC 1 $117,305.16 13.01% 117,305 0.67% Unsecured American Canyon Gen Fund
Top Ten Totals 13 1,323,030 7.94% 3 270,292 29.97% 1,593,322 9.07%City Totals $16,659,243.89 $901,955.44 17,561,199 $ *Revenue includes Outer TRAs
Note: The 'Revenue' line for each owner is the estimated total revenue for that owner. Although these estimated calculations are performed on a parcel level, county auditor/controllers' offices neither calculate nor apportion revenues at a parcel level.Data Source: Napa County Assessor 2023/24Combined Tax Rolls and the SBE Non Unitary Tax RollThis report is not to be used in support of debt issuance or continuing disclosure statements without the written consent of the City of American Canyon.
Unsecured Combined
Owner
Schedule 8
City of American Canyon
2024/25 TOP TEN PROPERTY TAXPAYERS
Primary Use & Primary
Agency
Secured
Based on Property Tax Revenue
234
Parcels Revenue
% of
Revenue Parcels Revenue
% of
Revenue Value
% of
Revenue
1) COCA COLA COMPANY - 0.00% 2 199,537 $ 26.79% 199,537 $ 1.89% Unsecured American Canyon Gen Fund
2) SDG HANNA COURT 411 LLC 2 140,837 1.44% 140,837 1.33% Industrial American Canyon Gen Fund
3) BIAGI AND ASSOCIATES LLC 1 111,402 1.14% 1 1,336 0.18% 112,737 1.07% Industrial American Canyon Gen Fund
4) SUTTER HOME WINERY INC 2 98,226 1.00% 98,226 0.93%
Industrial American Canyon Gen Fund
5)5500 EUCALYPTUS DRIVE APTS I 1 91,118 0.93% 91,118 0.86% Residential American Canyon Gen Fund
6) BARRY CALLEBAUT USA LLC 1 $88,088.72 11.83% 88,089 0.83% Unsecured American Canyon Gen Fund
7) BROADSTONE HC CALIFORNIA L 2 83,482 0.85% 83,482 0.79% Industrial American Canyon Gen Fund
8) AMCAN BEVERAGES INC 1 66,011 0.67% 66,011 0.63%
Industrial American Canyon Gen Fund
9) HANNA 760 LP 2 65,336 0.67% 65,336 0.62%
Industrial American Canyon Gen Fund
10) MEZZETTA 125 LP 1 64,477 0.66% 64,477 0.61%
Industrial American Canyon Gen Fund
Top Ten Totals 12 720,890 7.36% 4 288,961 38.80% 1,009,851 9.57% City Totals $ 9,806,670 7.35% $ 744,689 $ 10,551,359
*Revenue includes Outer TRAs
Note: The 'Revenue' line for each owner is the estimated total revenue for that owner. Although these estimated calculations are performed on a parcel level, county auditor/controllers' offices neither calculate nor apportion revenues at a parcel level.Data Source: Napa County Assessor 2015/16 Combined Tax Rolls and the SBE Non Unitary Tax RollThis report is not to be used in support of debt issuance or continuing disclosure statements without the written consent of the City of American Canyon.
Schedule 7
City of American Canyon
2015/16 Top Ten Property Taxpayers
Based on Property Tax Revenue
Owner
Secured Unsecured Combined
Primary Use & Primary
Agency
235
Fiscal Year Taxes Levied Percentage
Ended For The of
June 30 Fiscal Year Amount Levy
2016 12,738,881 12,317,143 100%
2017 13,840,597 12,738,881 100%
2018 15,084,618 13,840,597 100%
2019 15,862,655 15,084,618 100%
2020 15,835,876 15,835,876 100%
2021 16,156,774 16,156,774 100%
2022 17,264,929 17,264,929 100%
2023 18,218,818 18,218,818 100%
2024 19,725,949 19,725,949 100%
2025 20,538,669 20,538,669 100%
Note: Source is City of American Canyon Tax Collection records and Napa County Assessor records. Property taxes are levied and collected pursuant to an arrangement commonly referred to as the Teeter Plan. Under the Teeter Plan, the County allocates and remits to the City the full amount of each years tax levy, and the County then retains any delinquencies as collected by the County.
-------------------- Prior Years ------------------------- of The Levy
Schedule 9
City of American Canyon
Property Tax Levies and Collections
Last Ten Fiscal Years
Collected Within The Fiscal Year
236
Total City
Business-type Activities Debt as a Total
State of Total Percentage City Debt
Fiscal Financed Lease Financed California and City of Personal Per Year SBITAs Purchases Obligations Purchases Other Loans Debt Income Capita 2016 -$ $ 1,318 5,892$ $ 2,408 $ 5,505 $ 15,123 2.65% 735$ 2017 -$ $ 1,069 5,506$ $ 1,975 $ 4,827 $ 13,377 2.27% 637$ 2018 -$ $ 5,104$ 813 $ 1,532 $ 4,131 $ 11,580 1.86% 561$ 2019 -$ $ 4,752$ 551 $ 1,076 $ 3,416 $ 1.49% 9,795 475$ 2020 -$ $ 4,455$ 278 $ 609 $ 2,682 $ 1.17% 8,024 389$
2021 -$ $ 4,672$ 845 $ 4,769 $ 1,928 $ 12,214 1.67% 586$ 2022 -$ $ 4,872$ 802 $ 4,233 $ 1,155 $ 11,062 1.54% 532$ 2023 $ 233 $ 7,467$ 761 $ 4,014 $ 360 $ 12,835 1.53% 593$ 2024 $ 237 $ 2,217 5,622$ $ 3,780 $ 286 $ 12,142 1.34% 569$ 2025 $ 528 $ 1,921 5,127$ $ 3,529 $ 211 $ 11,315 1.20% 505$ Data Source: City of American Canyon Annual Comprehensive Financial Report. ------------------------ Prior Years -------------------- Governmental Activities
Schedule 10
City of American Canyon
Ratios of Outstanding Debt By Type
Last Ten Fiscal Years
(Dollars in Thousands except for Per Capita)
237
Percentage of
General Lease Actual Taxable
Fiscal Obligation Revenue Value of Per
Year Bonds Bonds Total Property Capita
2016 - - - 0.00% -
2017 - - - 0.00% -
2018 - - - 0.00% -
2019 - - - 0.00% -
2020 - - - 0.00% -
2021 - - - 0.00% -
2022 - - - 0.00% -
2023 - - - 0.00% -
2024 - - - 0.00% -
2025 - - - 0.00% -
Note: Debt service on the lease revenue bonds is financed by the use of general governmental financial resources available in the general fund and special revenue funds of the City.
Data Source: City of American Canyon Annual Comprehensive Financial Report. --------------------- Prior Years ------------------------ Schedule 11
City of American Canyon
Ratios of General Bonded Debt Outstanding
Last Ten Fiscal Years
General Bonded Debt Outstanding
238
2024-25 Assessed Valuation: $ 4,457,689,576
Total Debt City's Share of
6/30/2025 % Applicable (1) Debt 6/30/2025
Napa Joint Community College District 66,429,752 $ 8.006% 5,318,366 $ Napa Valley Unified School District 427,769,855 $ 11.965% 51,182,663 $ Napa Valley Unified School District School Facilities Imp Dist No.2 80,000,000 $ 0.027% 21,600 $ American Canyon Green Island Road Community Facilities District 25,000,000 $ 70.742% 17,685,500 $ American Canyon Community Facilities District No. 2018-1 9,615,000 $ 100.000% 9,615,000 $ California Statewide Community Development Authority American Canyon Community Facilities District Watson Ranch I.A. Nos. 1 and 2 $ 100.000% 22,280,000 22,280,000 $ City of American Canyon 1915 Act Bonds 9,860,000 $ 100.000% 9,860,000 $ TOTAL OVERLAPPING TAX AND ASSESSMENT DEBT 115,963,129 $ Napa Valley Unified School District Certificates of Participation 10,885,000 $ 8.074% 878,855 $ Napa County Board of Education Certificate of Participation $ 11.965% 172,296 1,440,000 $ City of American Canyon Leases $ 100.000% 5,126,615 $ 5,126,615 City of American Canyon Financed Purchases $ 100.000% 668,660 $ 668,660 City of American Canyon SBITAs $ 100.000% 528,035 $ 528,035 American Canyon Fire Protection District Financed Purchases $ 96.409% 1,252,000 $ 1,207,041 TOTAL DIRECT AND OVERLAPPING GENERAL FUND DEBT 8,581,502 $ TOTAL DIRECT DEBT $ 7,530,351
TOTAL OVERLAPPING DEBT $ 117,014,280
COMBINED TOTAL DEBT (2) $ 124,544,631
Ratios to Assessed Valuation:
Total Direct Debt ($7,530,351) 0.17%
Total Overlapping Tax and Assessment Debt. 2.62%
Combined Total Debt 2.79%
Data Source: 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 determinig 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. (2) Excludes tax and revenue anticipation notes, enterprise revenue, mortgage revenue and non-bonded capital lease obligations.
DIRECT AND OVERLAPPING GENERAL FUND DEBT:
OVERLAPPING TAX AND ASSESSMENT DEBT:
Schedule 12
City of American Canyon
Computation of Direct and Overlapping Debt
As of June 30, 2025
239
General Net
Fiscal Assessed Bonded Legal Debt Debt
Year Value Debt Limit Debt Margin Margin
2016 $ 2,568,918,377 $ 96,334,439 $ - $ 96,334,439 0.00% 2017 $ 2,745,793,523 $ 102,967,257 $ - $ 102,967,257 0.00% 2018 $ 2,911,549,010 $ 109,183,088 $ - $ 109,183,088 0.00% 2019 $ 3,107,928,907 $ 116,547,334 $ - $ 116,547,334 0.00% 2020 $ 3,323,463,102 $ 124,629,866 $ - $ 124,629,866 0.00% 2021 $ 3,482,439,834 $ 130,591,494 $ - $ 130,591,494 0.00% 2022 $ 3,676,532,577 $ 137,869,972 $ - $ 137,869,972 0.00% 2023 $ 3,924,037,523 $ 147,151,407 $ - $ 147,151,407 0.00% 2024 $ 4,348,669,848 $ 163,075,119 $ - $ 163,075,119 0.00% 2025 $ 4,457,689,576 $ 167,163,359 $ - $ 167,163,359 0.00% Notes:
(1) California Government Code, Section 43605 sets the debt limit at 15%. The Code section was enacted when assessed valuations were based on 25% of full market value. This has since changed to 100% of full market value. Thus, the limit shown is 3.75% (one-fourth the limit of 15%).
Data Source: City of American Canyon Annual Comprehensive Financial Report. ----------------------- Prior Years --------------------- Schedule 13
City of American Canyon
Computation of Legal Debt Margin
Last Ten Fiscal Years
240
Special Capital
Fiscal Assessment Impact
Year Collections Fees Principal Interest Coverage
2016 1,533,089 $ - $ 672,600 $ 950,079 $ 0.94
2017 1,512,432 $ - $ 702,800 $ 921,059 $ 0.93
2018 1,505,161 $ - $ 728,000 $ 890,452 $ 0.93
2019 1,508,336 $ - $ 767,900 $ 1,076,068 $ 0.82
2020 1,514,977 $ - $ 812,500 $ 966,000 $ 0.85
2021 2,358,403 $ - $ 826,600 $ 826,192 $ 1.43
2022 2,262,128 $ - $ 955,300 $ 712,882 $ 1.36
2023 2,328,853 $ - $ 993,400 $ 427,218 $ 1.64
2024 2,268,174 $ - $ 1,041,400 $ 544,554 $ 1.43
2025 2,275,446 $ - $ 1,084,200 $ 671,592 $ 1.30
Water Capital Less Net
Fiscal Service Impact Operating Available
Year Revenues Fees Expenses Revenue Principal Interest Coverage 2016 5,895,551 $ $ 3,785,935 1,410,622 $ 3,520,238 $ 60,646 $ $ 21,538 42.83 2017 7,266,136 $ $ 149,456 $ 2,907,366 4,508,226 $ 62,208 $ $ 19,945 35.39 2018 7,134,533 $ $ 4,360,122 2,270,458 $ 5,044,869 $ 63,762 $ $ 18,399 61.40 2019 7,357,422 $ $ 138,604 $ 3,130,965 4,365,061 $ 65,357 $ $ 16,785 38.12 2020 7,852,151 $ $ 332,487 $ 2,910,190 5,274,448 $ 66,992 $ $ 15,150 35.43 2021 10,024,822 $ $ 5,118,753 1,035,539 $ 5,941,608 $ 68,666 $ $ 13,415 72.39 2022 8,431,611 $ $ 7,023,852 1,252,878 $ 2,660,637 $ 70,382 $ $ 11,697 32.42 2023 9,294,994 $ $ 332,951 $ 1,866,011 7,761,934 $ 72,142 $ $ 11,514 22.31 2024 10,738,768 $ $ 6,339,782 3,656,333 $ 8,055,319 $ 73,946 $ $ 8,100 98.18 2025 10,981,634 $ $ 2,521,195 $ 5,652,643 7,850,186 $ 75,795 $ $ 6,208 68.93 Wastewater Capital Less Net
Fiscal Service Impact Operating Available
Year Revenues Fees Expenses Revenue Principal Interest Coverage 2016 4,234,717 $ $ 890,919 $ 2,963,681 2,161,955 $ 599,475 $ $ 126,221 4.08 2017 4,709,025 $ $ 134,944 $ 2,496,491 2,347,478 $ 615,660 $ $ 109,598 3.44 2018 4,713,142 $ $ 2,901,642 1,581,023 $ 3,392,523 $ 632,283 $ $ 92,526 4.68 2019 4,835,296 $ $ 61,981 $ 2,037,675 2,859,602 $ 649,355 $ $ 74,994 2.81 2020 4,797,654 $ $ 136,046 $ 2,287,491 2,646,209 $ 666,888 $ $ 56,988 3.16 2021 4,941,788 $ $ 373,210 $ 2,228,165 3,086,833 $ 684,893 $ $ 56,989 3.00 2022 4,963,857 $ $ 573,335 $ 1,363,170 4,174,022 $ 703,385 $ $ 38,496 1.84 2023 5,447,782 $ $ 235,879 $ 2,052,865 3,630,796 $ 722,377 $ $ - 2.84 2024 5,611,285 $ $ 4,230,764 5,161,715 $ 6,542,236 $ - $ -$ - 2025 6,131,452 $ $ 1,969,162 $ 3,279,026 4,821,588 $ - $ -$ - Note: Water and wastewater revenues include operating revenues, interest revenues, and capital impact fees.
Operating expenses exclude depreciation and amortization Data Source: City of American Canyon Annual ComprehensiveFinancial Report. -------- Prior Years ------- -------- Prior Years ------- -------- Prior Years ------- Debt Service
State of California Water Loan
State of California Wastewater Construction Loan
Debt Service
Schedule 14
City of American Canyon
Pledged Revenue Coverage
Last Ten Fiscal Years
Debt Service
Special Assessment Bonds
241
Personal
Income Median
Fiscal (thousands Household Unemployment
Year Population of dollars) Income Rate
2016 20,374 571,557 75,997 5.40%
2017 20,570 588,374 83,673 5.00%
2018 20,990 622,133 83,673 4.70%
2019 20,629 657,387 91,705 4.20%
2020 20,837 688,744 101,792 3.70%
2021 20,802 732,403 101,792 10.00%
2022 21,658 719,271 117,846 6.00%
2023 21,338 837,754 117,846 3.20%
2024 21,758 906,051 122,694 3.50%
2025 22,396 939,551 123,935 5.40%
(1) Population Projections are provided by the California Department of Finance Projections. (2) Income Data is provided by the United States Census Data and is adjusted for inflation. (3) Unemployment rate is provided by the EDD's Bureau of Labor Statistics Department. -------------------------- Prior Years ------------------- --
Schedule 15
City of American Canyon
Demographic and Economic Statistics
For The Last ten Fiscal Years
242
Percentage Percentage
Number of Total City Number of Total City
Employer Rank Employees Employment Rank Employees Employment Amazon.Com Services LLC 1 468 3.74%
Napa Valley Unified School District 2 387 3.10% 3 317 2.96% Walmart Supercenter #1651 3 320 2.56% 2 349 3.26%
G.L. Mezzetta, Inc. 4 245 1.96% 1 400 3.74%
Ikea Distribution Services, Inc. 5 158 1.26%
Wine Direct, Inc. 6 150 1.20%
A Bright Future, Inc. 7 150 1.20%
Barry Callebaut Usa LLC 8 136 1.09%
Safeway Inc. #1883 9 135 1.08% 6 123 1.15%
Western Wine Services, Inc. 10 114 0.91%
Coca-Cola Amcan Beverages 4 160 1.50%
The Hess Collection Winery 5 150 1.40%
Pasternak Wine Imports LLC 7 100 0.93%
BVK Gaming Inc. Napa Valley Casino 8 90 0.84%
City of American Canyon 9 85 0.79%
Double Tree By Hilton 10 84 0.79%
Data Source: Business License
2016
Schedule 16
City of American Canyon
Principal Employers (Ten Largest)
2025
Calendar Year 2024 vs Calendar Year 2015
243
Function/Program 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Administration
City Council 5.00 5.00 5.00 5.00 5.00 5.00 5.00 5.00 5.00 5.00 City Manager 2.55 3.50 2.50 2.50 3.00 3.00 3.00 3.00 3.40 2.40 City Clerk 1.65 2.00 2.00 2.00 2.00 2.00 2.00 2.00 2.00 2.00 Neighborhood Programs 1.00 1.00
Communications 1.00 1.00 1.00 1.00 1.00
Human Resources 2.20 2.00 2.00 1.00 2.00 2.00 2.00 2.20 2.20 Internal Service:
Information Systems 0.10 0.10 0.10 0.10 0.10 0.10 0.10 0.10 0.35 0.35 Finance
Human Resources 2.20
Finance 4.80 4.80 4.50 4.10 4.10 4.10 4.10 3.15 4.65 4.25 Utility Billing 3.40 3.40 3.40 3.80 3.80 3.80 3.80 4.75 3.40 3.80 Public safety:
Police 2.70 2.70 2.70 2.70 2.70 2.00 2.00 2.00 2.00 2.00 Non Departmental 1.30 1.30 1.30 1.30 1.30 1.00 1.00 1.00 1.00 1.00 Community Development:
Planning 3.25 3.25 4.25 2.75 2.75 2.45 2.40 2.20 2.20 1.90 Building and Safety 4.25 4.25 3.75 3.65 3.65 2.95 3.00 2.70 2.70 2.80 Economic Development 0.54 0.00 0.00 0.00
Housing Services 0.10 0.10 0.10 0.10 0.10 0.10 0.30
Affordable Housing 0.10
Parks and Recreation
Park Maintenance 5.40 6.50 5.40 5.40
Parks & Recreation Admin 2.70 3.70 3.30 3.30 3.10 3.10 2.00 2.00 2.00 4.00 Recreation Programs 2.80 2.80 3.10 3.10 4.30 4.30 4.00 4.00 4.00 0.50 Sports Programs 0.50
Aquatics Programs 1.60 1.50 1.90 1.90 1.90 1.90 1.60 1.50 1.50 1.00 Adult Activities Center 0.50
Neighborhood Programs 1.00
Facility Rentals 0.30 0.30 0.30 0.30 0.00 0.50 0.50 0.50 Open Space 0.50 0.50 1.00
Community Events 0.50
Public Works:
Administration 3.50 3.50 3.50 3.50 3.00 2.00 2.00 2.00 2.00 3.20 Capital Projects 4.00 4.00 4.00 4.00 4.00 3.00 3.00 4.00 4.00 5.15 Street Maintenance 3.30 3.30 4.00 3.95 3.95 2.70 2.70 2.50 2.50 2.50 Storm Drain 2.60 1.60 1.90 2.35 2.35 3.40 3.70 2.50 2.50 2.50 Parks Maintenance 5.40
Fleet Operations
Ctiy Engineer 1.00 1.00 1.00 1.50 1.50 1.50 1.50 1.00 1.00 1.00 Maintenance & Utilities Admin 3.00 3.00 3.40 3.30
Parks Maintenance 5.40 5.40 5.70 4.30 4.30
Water:
Treatment and Distribution 10.08 11.25 11.55 11.25 11.75 11.25 11.25 11.55 12.40 12.60 Water Non-Departmental 1.10
Wastewater:
Collection and Treatment 9.73 9.40 11.10 11.25 10.75 9.25 9.25 9.25 9.70 9.90 Storm Water Quality - - - - - - - -
Wastewater Non-Departmental 1.10 1.05
Solid Waste 3.35 3.35 3.35 3.10 3.10 2.30 3.00 3.90 2.10 2.10 Recycled Water:
Treatment and Distribution 0.30 2.30 2.50
Internal Service:
Building Maintenance 1.00 1.00 1.00 1.05 1.05 1.05 1.05 1.20 1.20 1.20 Fleet Operations 1.10 1.10 1.10 1.05 1.05 1.05 1.05 1.20 1.20 1.35 Totals 84.00 86.50 89.00 88.00 88.00 85.00 84.00 86.00 88.05 88.00 Schedule 17
City of American Canyon
Full-Time Equivalent City Government Employees by Function/Program Last Ten Fiscal Years
Data Source: Human Resources Department
244
2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Police:
Physical arrest 569 493 282 460 515 504 517 418 552 591 Traffic violations 1,189 886 1,204 635 601 696 1,776 1,064 801 3,334 Fire:
Emergency Responses 1,615 1,802 1,744 1,709 1,725 1,764 1,775 1,973 2,139 2,375 Structure Fires 20 21 19 71 80 40 40 37 28 20
Fire Loss (Thousand $) - - - - - - - - - -
Fire Engines 6 8 8 8 8 8 8 8 8 6
Inspections 393 382 325 292 179 154 211 331 216 63
Construction Inspection 100 78 97 171 107 122 81 299 185 282 Planning:
Building Permits Issued 496 511 428 571 598 534 882 612 644 524 Public works:
Miles streets resurfaced 7.00 0.69 1.00 1.14 0.35 0.50 3.10 1.83 0.38 0.15 Parks:
Community events held 41 40 38 14 12 27 40 40 56 46
Swimming pool admissions 49,142 49,302 63,110 46,594 15,277 14,250 21,756 14,671 18,020 18,727 Water:
Number of new services 449 427 374 324 292 332 369 483 438 418 Daily average water
production in MGD 2.31 2.38 2.40 2.12 2.57 2.50 2.00 2.23 2.11 2.49 Daily average water
consumption in MGD 2.02 2.19 2.08 1.64 2.19 2.15 1.90 2.19 1.94 2.08 Data Source: Various departments within the City of American Canyon Schedule 18
City of American Canyon
Operating Indicators by Function/Program
Last Ten Fiscal Years
245
Function/Program 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Police:
Stations 1 1 1 1 1 1 1 1 1 1
Patrol units 17 18 18 18 18 18 20 20 20 17
Fire:
Stations 2 2 2 2 2 2 2 2 2 2
Engines 8 9 8 8 8 8 8 8 8 8
Public works:
Miles of streets 38.1 38.1 38.1 52.3 38.1 112.0 112.5 114.0 115.67 116.87 Streetlights 1,233 1,233 1,233 1,381 1,397 1,397 1,429 1,493 1,539 1,233 Traffic signals 4 4 4 6 6 6 6 6 12 4
Parks and recreation:
Community centers 3 3 3 3 3 3 3 3 3 3
Parks 22 22 22 22 22 22 22 22 22 22
Park Acreage 79 79 79 79 79 79 79 79 79 79
Water:
Miles of mains added - - - - - 0.5 2.6 3.89 5.27 -
Number of services billed 5,621 5,654 5,646 5,595 5,693 5,724 5,734 5,786 5,154 Maximum plant capacity
in millions gallons 5.50 5.50 5.50 5.50 5.50 5.50 5.50 5.50 5.50 2.5 Storage capacity in
in millions gallons 4.70 4.70 4.70 4.70 4.70 4.70 4.70 4.70 4.70 4.7 Wastewater:
Miles of sewers added - - - - 1.81 3.03
Number of services billed 5,016 5,012 4,999 5,050 5,006 5,009 5,022 5,052 5,154 5,627 Maximum plant capacity
in million gallons 5 5 5 5 5 5 5 5 5 5
Recycled Water:
Miles of stormdrain added 1.66 3.15
Miles of pipelines added - - - - - 0.5 1.1 3.10 3.55 0
Number of services billed 30 46 43 30 48 62 46 46 80
Storage capacity
in million gallons 2.50 2.50 2.50 2.50 2.50 2.50 2.50 2.50 2.50 4.7 Data Source: Various departments within the City of American Canyon Schedule 19
City of American Canyon
Capital Asset Statistics by Function/Program
Last Ten Fiscal Years
246
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Management Letter
June 30, 2025
City of American Canyon
City Council and Management
American Canyon, California
In planning and performing our audit of the financial statements of City of American Canyon as of and for the year ended June 30, 2025, in accordance with auditing standards generally accepted in the United States of America and the standards applicable to financial audits contained in Government Auditing Standards, issued by the Comptroller General of the United States, we considered City of American Canyon’s internal control over financial reporting (internal control) as a basis for designing our auditing procedures for the purpose of expressing our opinion on the financial statements, but not for the purpose of expressing an opinion on the effectiveness of City of American Canyon’s internal control. Accordingly, we do not express an opinion on the effectiveness of City of American Canyon’s internal control over financial reporting.
Our consideration of internal control was for the limited purpose described in the preceding paragraph and was not designed to identify all deficiencies in internal control that might be significant deficiencies or material weaknesses and therefore, significant deficiencies or material weaknesses may exist that have not been identified. However, as discussed below, we identified certain deficiencies in internal control that we consider to be significant deficiencies. None of the identified significant deficiencies are considered to be material weaknesses.
A deficiency in internal control exists when the design or operation of a control does not allow management or employees, in the normal course of performing their assigned functions, to prevent, or detect and correct misstatements on a timely basis. A material weakness is a deficiency, or a combination of deficiencies in internal control over financial reporting, such that there is a reasonable possibility that a material misstatement of the entity’s financial statements will not be prevented, or detected and corrected on a timely basis. A reasonable possibility exists when the likelihood of an event occurring is either reasonably possible or probable as defined as follows:
Reasonably possible: The chance of the future event or events occurring is more than remote but less than likely.
Probable: The future event or events are likely to occur.
A significant deficiency is a deficiency, or a combination of deficiencies, in internal control over financial reporting that is less severe than a material weakness, yet important enough to merit attention by those charged with governance. We consider the following deficiencies in the entity’s internal control to be significant deficiencies:
247
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Significant Deficiency 2025-001
Closing Entries - Repeat Finding
Condition: A substantial number of closing entries and audit adjustments were recorded after the initial trial balance was provided to the auditors.
Criteria: Closing entries should be recorded and finalized prior to the start of the audit.
Cause: The City was unable to obtain the required information and prepare the necessary journal entries prior to the start of the audit.
Effect: The high volume of entries resulted in significant changes to account balances, increasing the complexity of ensuring the accurate presentation of the financial statements.
Recommendation: We recommend that management implement procedures to ensure that closing entries are recorded timely and before the audit begins.
City Response Finance will prepare a closing checklist that includes specific tasks, assigned responsibilities, and deadlines. The Finance Director will review the final trial balance before submission and ensure all deadlines are met.
Significant Deficiency 2025-002
Schedule of Expenditures of Federal Awards (SEFA) - Repeat Finding Condition: The expenses and awards originally reported on the Schedule of Expenditures of Federal Awards (SEFA) provided for the financial statement audit were subsequently revised.
Criteria: Internal controls should be implemented to provide reasonable assurance that the SEFA is complete and accurate before the audit begins.
Cause: The City did not accrue certain federal expenditures, which resulted in adjustments to the SEFA. This omission could lead to incomplete reporting of federal program activity and noncompliance with Uniform Guidance requirements. Timely and accurate accrual of federal expenditures is essential to ensure the SEFA reflects all applicable costs and supports proper audit testing.
Effect: The expenses reported on the SEFA were updated after the audit began. This may have caused the auditor to select the wrong program for testing during the Single Audit, which could result in the audit not meeting the requirements of the Uniform Guidance. Using outdated information may also have led the auditor to test the wrong compliance requirements.
Context: The City initially excluded $43,137 in Section 8 Housing Choice Voucher funds from the SEFA and did not accrue HOME program administrative fees and related expenses for FY 2024–25.
These costs were excluded because the City had not been billed by Napa County and was uncertain whether estimated amounts should be accrued or recorded upon billing. 248
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Recommendation: We recommend that Finance reconcile the SEFA to the general ledger on a routine basis and include a subsequent review at the end of the year to ensure completeness. We also recommend that Finance compare the SEFA to grants documents and coordinate with other departments, pass through entities and oversight agencies as needed. The objective is to ensure the SEFA includes all grants with a federal funding source and the correct assistance listing numbers for each grant. The City should ensure that grant revenue is properly classified as federal or state in the general ledger during the year.
City’s Response: All errors in the SEFA, including incorrect pass-through grants and outdated grant numbers, have been corrected. A review process is now in place before the audit, with an additional accuracy check. The Senior Accountant will prepare the SEFA, and the Finance Director will review it for completeness and accuracy. We will confirm grant details with the granting agencies to verify federal status and use a checklist to ensure proper classification. Going forward, federal and state grants will be recorded accurately, grants will be properly classified in the general ledger, and annual training on SEFA preparation and Uniform Guidance compliance will be provided.
Significant Deficiency 2025-003
California Uniform Construction Cost Accounting Commission (CUCCAC) Criteria or Specific Requirements: The City elected to be part of CUCCAC per California Public Contract Code section. Per the requirements of CUCCAC code 22032, the City must use formal bidding process for all public projects of more than $220,000.
Condition: The City contracted with multiple vendors for the Corporation Yard Relocation and Facility Upgrade project, which had a budget of $1,780,000, without conducting a formal bid process.
Questioned Costs: None
Context: Per the requirements of CUCCAC code 22032, the City must use formal bidding process for all public projects of more than $220,000.
Effect: The City may not have let the contracts under the project to the lowest responsible bidder and is not in compliance with Government Code.
Cause: The Corporation Yard Relocation and Facility Upgrade project has progressed in phases and the work has been completed by City staff and various contractors because management was not aware that this project met the CUCCAC code 22032 bid requirements.
Recommendation: We recommend that management train all individuals involved in the procurement process on the requirements of CUCCAC and ensure that all contracts are reviewed to ensure compliance with the City’s bid policies and Government Code during the approval process.
City’s Response: The City will hold training annually with individuals involved in the procurement process and ensure that the requirements of CUCCAC are followed. 249
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The purpose of this communication, which is an integral part of our audit, is to describe for management and those charged with governance the scope of our testing of internal control and the results of that testing. Accordingly, this communication is not intended to be and should not be used for any other purpose.
Respectfully,
January 31, 2026
Morgan Hill, California
250
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To the City Council of the
City of American Canyon
We have audited the basic financial statements of the City of American Canyon as of and for the year ended June 30, 2025, and have issued our report thereon dated January 31, 2026. Professional standards require that we advise you of the following matters relating to our audit.
Our Responsibility under Generally Accepted Auditing Standards and Government Auditing Standards
As communicated in our engagement letter, our responsibility, as described by professional standards, is to form and express an opinion(s) about whether the financial statements that have been prepared by management with your oversight are presented fairly, in all material respects, in conformity 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 Authority’s internal control over financial reporting. Accordingly, as part of our audit, we considered the internal control of the City of American Canyon 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.
Other Information in Documents Containing Audited Financial Statements Pursuant to professional standards, our responsibility as auditors for other information in documents containing City of American Canyon’s audited financial statements does not extend beyond the financial information identified in the audit report, and we are not required to perform any procedures to corroborate such other information.
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.
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.
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Significant Risks Identified
We did not identify any significant risks that required special audit consideration.
Qualitative Aspects of the Authority’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 of American Canyon is included in Note 1 to the financial statements. There have been no initial selection of accounting policies and no material changes in significant accounting policies or their application during June 30, 2025. 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 actuarial assumptions included in employee retirement plans that impact pension and other postemployment balances reported in the financial statements, and net present value calculations for right of use assets.
We evaluated the key factors and assumptions used to develop the identified 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 City of American Canyon’s financial statements relate to cash and investments, capital assets, pensions, and long-term liabilities.
Significant Unusual Transactions
For purposes of this communication, professional standards require us to communicate to you significant unusual transactions identified during our audit. No significant unusual transactions were identified as a result of our audit procedures that required the attention of management. 252
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Identified or Suspected Fraud
We did not identify nor obtain information that indicates that fraud may have occurred.
Uncorrected and Corrected Misstatements
For purposes of this communication, professional standards 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. There were no material uncorrected financial statement misstatements identified.
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.
The following summarizes the adjustments posted by the City after the initial trial balance was received:
Account Description W/P Ref Debit Credit
4015.03
601-90-950-44110 Interest Payment 55,318.00
601-90-950-44110 Interest Payment 49,009.00
601-90-950-44120 Principal Payment 339,200.00
601-00-000-10120 Cash with Fiscal Agent 49,009.00
601-00-000-10230 Accounts Rec - Misc 55,318.00
601-00-000-20310 Bonds Payable 339,200.00
Total 443,527.00 443,527.00
4002.10
810-000-1300 Due from Other Funds 273,374.00
815-000-1000 Cash 51,760.00
860-000-1000 Cash 221,614.00
810-000-1000 Cash 273,374.00
815-000-2070 Due to Other Funds 51,760.00
860-000-2070 Due to Other Funds 221,614.00
Total 546,748.00 546,748.00
Adjusting Journal Entries
C&A - To correct principal and interest payment (recorded) JE013-13-2025 Adjusting Journal Entries JE # 1
Adjusting Journal Entries JE # 2
C&A - To clear out negative cash in funds 815 and 860 (recorded) 253
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Account Description W/P Ref Debit Credit
1300.08
540-00-000-10520 Machinery & Equipment 89,305.00
540-00-000-10595 Construction in Progress 89,305.00
560-00-000-10110 Cash In Bank 89,305.00
560-00-000-10595 Construction in Progress 128,485.00
560-00-000-20810 Investment in Capital Assets 39,180.00 652-40-530-46190 Capital Outlay-Contra Account 67,258.00 691-00-000-10510 Buildings & Improvements 2,875,358.00
691-00-000-10550 Infrastructure - Road Sys Network 4,034,046.00 691-00-000-10595 Construction in Progress 2,481,479.00
540-00-000-10110 Cash In Bank 89,305.00
540-00-000-10520 Machinery & Equipment 89,305.00
560-00-000-10595 Construction in Progress 128,485.00
560-00-000-20810 Investment in Capital Assets 128,485.00 652-00-000-10520 Machinery & Equipment 67,258.00
691-00-000-10510 Buildings & Improvements 1,240,740.00
691-00-000-10595 Construction in Progress 6,909,404.00
691-00-000-20810 Investment in Capital Assets 1,240,739.00 Total 9,893,721.00 9,893,721.00
1300.09
510-50-560-46190 Capital Outlay-Contra Account 360.00
510-00-000-10520 Machinery & Equipment 360.00
Total 360.00 360.00
1300.10
510-00-000-10571 Accum Deprec - Buildings 3,153.00
510-40-560-45110 Depreciation 3,153.00
510-00-000-10572 Accum Deprec - Machine & Equip 3,153.00 510-40-560-45110 Depreciation 3,153.00
Total 6,306.00 6,306.00
1300.11
652-40-530-46190 Capital Outlay-Contra Account 140.00
652-00-000-10520 Machinery & Equipment 140.00
Total 140.00 140.00
1300.12
691-00-000-10595 Construction in Progress 100.00
691-00-000-20810 Investment in Capital Assets 100.00
Total 100.00 100.00
CAJE #007-13-2025 - To reclass depreciation expense for assets 4885 and 4886 Adjusting Journal Entries JE # 6
Adjusting Journal Entries JE # 3
CAJE - To adjust capital assets #001-13-2025, #002-13-2025 & #003-13-2025 Adjusting Journal Entries JE # 4
CAJE #004-13-2025 - To correct JE336
Adjusting Journal Entries JE # 5
CAJE #014-13-2025 - To capitalize vehicle purchased in FY25 Adjusting Journal Entries JE # 7
CAJE #015-13-2025 - To adjust FY25 CIP additions
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Account Description W/P Ref Debit Credit
1300.13
283-00-000-20215 Unearned Revenue 2,469.00
283-00-000-20215 Unearned Revenue 3,089.00
652-00-000-10520 Machinery & Equipment 140.00
283-80-810-36390 Misc Revenues - Other 2,469.00
283-80-810-36390 Misc Revenues - Other 3,089.00
652-40-530-46190 Capital Outlay-Contra Account 140.00
Total 5,698.00 5,698.00
4006.28
530-00-000-10620 Intangible Asset-Water Rights 20,000.00 530-00-000-20810 Investment in Capital Assets 20,000.00 Total 20,000.00 20,000.00
4006.10
510-40-560-45110 Depreciation 15,660.00
510-00-000-10572 Accum Deprec - Machine & Equip 15,660.00 Total 15,660.00 15,660.00
4003.10
510-00-000-10610 Subscription Asset 5,760.00
653-00-000-10586 Accumulated Subscription Amort 5,760.00 510-00-000-10586 Accumulated Subscription Amort 5,760.00 653-00-000-10610 Subscription Asset 5,760.00
510-40-560-45110 Depreciation
653-80-810-45130 Subscription Amortization
Total 11,520.00 11,520.00
4020.11
510-00-000-20695 FB Unassigned - Unres/Undesig 1,594,340.00 530-00-000-20695 FB Unassigned - Unres/Undesig 20,000.00 540-00-000-20695 FB Unassigned - Unres/Undesig 1,869,980.00 560-00-000-20695 FB Unassigned - Unres/Undesig 89,305.00 560-85-450-46180 Loss on asset disposal 25,419.00
580-00-000-20695 FB Unassigned - Unres/Undesig 503,444.00 510-50-560-35170 Developer Contributions In Lie 1,594,340.00 530-50-570-35170 Developer Contributions in Lie 20,000.00 540-50-570-35170 Developer Contriburions In Lie 1,869,980.00 560-00-000-20695 FB Unassigned - Unres/Undesig 25,419.00 560-50-570-35170-TO BE PROVDeveloper Contributions in Lie IDED 89,305.00 580-50-570-35170 Developer Contributions 503,444.00
Total 4,102,488.00 4,102,488.00
Adjusting Journal Entries JE # 12
C&A - To reclassify the CIP write off.
Adjusting Journal Entries JE # 11
C&A - To reclass subscription ROU and accumulated depreciation and expense Adjusting Journal Entries JE # 10
C&A - To adjust accumulated depreciation to tie to rollforward Adjusting Journal Entries JE # 9
C&A - To adjust beginning balance of water rights
Adjusting Journal Entries JE # 8
CAJE #005-13-2025 & #006-13-2025 - Liability reversal
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Account Description W/P Ref Debit Credit
1300.14
510-50-560-41110 Wages - Full time 175,676.00
540-50-570-41110 Wages - Full time 165,261.00
580-50-590-41110 Wages - Full Time 40,128.00
651-50-535-41110 Wages - Full time 31,455.00
652-50-530-41110 Wages - Full time 6,806.00
653-20-220-41110 Wages - Full time 1,316.00
692-00-000-10430 Amount to be Provided 639,191.00
510-00-000-20180 Compensated Absences-Current 95,746.00 510-00-000-20181 Compensated Absences - LT 79,930.00
540-00-000-20180 Compensated Absences-Current 89,502.00 540-00-000-20181 Compensated Absences - LT 75,759.00
580-00-000-20180 Compensated Absences-Current 22,896.00 580-00-000-20181 Compensated Absences - LT 17,232.00
651-00-000-20180 Compensated Absences-Current 10,927.00 651-00-000-20181 Compensated Absences - LT 20,528.00
652-00-000-20180 Compensated Absences-Current 2,185.00
652-00-000-20181 Compensated Absences - LT 4,621.00
653-00-000-20181 Compensated Absences - LT 1,316.00
692-00-000-20180 Compensated Absences-Current 205,432.00 692-00-000-20181 Compensated Absences - LT 433,759.00
Total 1,059,833.00 1,059,833.00
1300.14
510-00-000-20180 Compensated Absences-Current 109,283.00 540-00-000-20180 Compensated Absences-Current 84,271.00 580-00-000-20180 Compensated Absences-Current 28,730.00 651-00-000-20180 Compensated Absences-Current 11,971.00 652-00-000-20180 Compensated Absences-Current 15,278.00 692-00-000-20180 Compensated Absences-Current 405,918.00 692-00-000-20181 Compensated Absences - LT 90,814.00
510-50-560-41110 Wages - Full time 109,283.00
540-50-570-41110 Wages - Full time 84,271.00
580-50-590-41110 Wages - Full Time 28,730.00
651-50-535-41110 Wages - Full time 11,971.00
652-50-530-41110 Wages - Full time 15,278.00
692-00-000-10430 Amount to be Provided 405,918.00
692-00-000-10430 Amount to be Provided 90,814.00
Total 746,265.00 746,265.00
1300.15a
217-60-630-42490 Services - Other 43,137.00
217-00-000-20110 Accounts Payable 43,137.00
Total 43,137.00 43,137.00
Adjusting Journal Entries JE # 13
CAJE - To record compensated absences for 2024-25
CAJE - To accrue admin costs for Home Loans program
Adjusting Journal Entries JE # 14
CAJE - To reverse prior year balances of compensated absences Adjusting Journal Entries JE # 15
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Account Description W/P Ref Debit Credit
350-00-000-20185 Retainage Payable 138,370.00
350-00-000-20110 Accounts Payable 138,370.00
Total 138,370.00 138,370.00
691-00-000-20810 Investment in Capital Assets 107,000.00 691-00-000-10420 Asset - Other 107,000.00
Total 107,000.00 107,000.00
4015.10
692-00-000-10430 Amount to be Provided 240,096.00
692-00-000-20320 City Hall Lease Payable 389,399.00
692-00-000-20321 City Hall Lease Payable - Current 39,165.00 911-000-2032 Note Payable 222,696.00
911-000-2033 Note Payable-Current Portion 17,420.00
692-00-000-20330 ENGIE Financed Purchase 620,145.00
692-00-000-20331 ENGIE Financed Purchase Current 48,515.00 911-000-1850 Amount to be Provided 240,116.00
Total 908,776.00 908,776.00
4015.10
911-000-1850 Amount to be Provided 167,956.00
911-000-2190 Compensated Absences 167,956.00
Total 167,956.00 167,956.00
4011.60
510-00-000-20291 Net Pension Liability 1.00
510-80-810-41282 Pension Expense 1.00
Total 1.00 1.00
105-60-660-42190 Misc Contractual Services 3,073.00
100-10-110-43110 Office Supplies 2,674.00
540-40-570-43115 Operating Supplies 399.00
Total 3,073.00 3,073.00
810-000-2120 Accounts Payable 144.00
810-000-2070 Due to other funds 144.00
Total 144.00 144.00
Adjusting Journal Entries JE # 22
To reclassify amounts owed to the City general fund
Adjusting Journal Entries JE # 16
To reclassify debti balance AP
Adjusting Journal Entries JE # 17
To write off prepaid infrastructure from FY2024
Adjusting Journal Entries JE # 18
To true-up long-term debt balances to actual
Clean up funds that are out of balance
Adjusting Journal Entries JE # 19
Update final compensated absences in fund 911
Adjusting Journal Entries JE # 20
Report only adjustment to balance disclosures with statements Adjusting Journal Entries JE # 21
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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 of American Canyon’s financial statements or the auditor’s report. No such disagreements arose during the course of the audit.
Circumstances that Affect the Form and Content of the Auditor’s Report For purposes of this letter, professional standards require that we communicate any circumstances that affect the form and content of our auditor’s report. There were no circumstances that affect the form and content of our auditor’s report.
Representations Requested from Management
We have requested certain written representations from management, which are included in the attached letter dated January 31, 2026.
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.
Other Significant Matters, Findings, or Issues
In the normal course of our professional association with the City of American Canyon, we generally discuss a variety of matters, including the application of accounting principles and auditing standards, operating and regulatory conditions affecting the City, 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 of American Canyon’s auditors.
This report is intended solely for the information and use of the Board and management of the City of American Canyon and is not intended to be and should not be used by anyone other than these specified parties.
January 31, 2026
Morgan Hill, California
258
Chavan & Associates, LLP
Certified Public Accountants
16450 Monterey Rd, Suite 5
Morgan Hill, CA 95037
CITY OF AMERICAN CANYON, CALIFORNIA
APPROPRIATIONS LIMIT SCHEDULE AND
INDEPENDENT ACCOUNTANT’S REPORT
For the Year ending June 30, 2025
* * *
259
CITY OF AMERICAN CANYON, CALIFORNIA
APPROPRIATIONS LIMIT SCHEDULE AND
INDEPENDENT ACCOUNTANT’S REPORT
FOR THE YEAR ENDING JUNE 30, 2025
TABLE OF CONTENTS
PAGE NO
INDEPENDENT ACCOUNTANT’S REPORT ........................................................................... 1-2 APPROPRIATIONS LIMIT SCHEDULE .................................................................................. 3 NOTES TO THE APPROPRIATIONS LIMIT SCHEDULE........................................................... 4 260
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INDEPENDENT ACCOUNTANTS’ REPORT ON AGREED-UPON
PROCEDURES APPLIED TO APPROPRIATIONS LIMIT UNDER
ARTICLE XIIIB OF THE CALIFORNIA CONSTITUTION
To the Honorable Mayor and Members
of the City Council of the City of American Canyon
American Canyon, California
We have performed the procedures enumerated below to the accompanying Appropriations Limit Schedule of the City of American Canyon, (the City), for the fiscal year ending June 30, 2025.
The City’s management is responsible for the accompanying Appropriations Limit Schedule June 30, 2025. The City has agreed to and acknowledged that the procedures performed are appropriate to meet the intended purpose of assisting the City in evaluating the appropriations limit calculation in accordance with the requirements of Section 1.5 of Article XIII-B of the California Constitution. The procedures are recommended by the California Committee on Municipal Accounting (as presented in the CCMA White Paper titled Agreed-upon Procedures Applied to the Appropriations Limitation Prescribed by Article XIII-B of the California Constitution). 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 performed and our findings were as follows:
1. We obtained completed worksheets used by the City to calculate its appropriation limit for the fiscal year ending June 30, 2025 and determined that the limit and annual adjustment factors were adopted by resolution of the City Council. We also determined that the population and inflation options were selected by a recorded vote of the City Council.
Findings: No exceptions were noted as a result of our procedures.
2. For the accompanying Appropriations Limit Schedule, we added the prior year’s limit to the total adjustments and agreed the resulting amount to the current year’s limit.
Findings: No exceptions were noted as a result of our procedures.
3. We agreed the current year information presented in the accompanying Appropriation Limit Schedule to corresponding information in worksheets used by the City.
Findings: No exceptions were noted as a result of our procedures.
4. We agreed the prior year appropriations limit in the accompanying Appropriation Limit Schedule to the corresponding information in worksheets used by the City.
Findings: No exceptions were noted as a result of our procedures. 261
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We were engaged by the City to perform this agreed-upon procedures engagement and conducted our engagement in accordance with attestation 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 appropriations limit calculation for the fiscal year ending June 30, 2025. 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 appropriations limit for the base year, as defined by Article XIII-B of the California Constitution.
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 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.
However, this report is a matter of public record, and its distribution is not limited.
October 18, 2025
Morgan Hill, California
262
CITY OF AMERICAN CANYON, CALIFORNIA
APPROPRIATIONS LIMIT SCHEDULE
FOR THE YEAR ENDING JUNE 30, 2025
3 Amount Source
A. Appropriations limit for the fiscal year ended June 30, 2024 $ 23,142,393 Prior Year Schedule B. Calculation Factors:
1. Population increase % 1.0177 1) State Department of Finance
2. Inflation increase % 1.0362 State Department of Finance
3. Total adjustment factor % 1.05450000 B1 x B2
C. Annual Adjustment Increase 1,261,260 [(B3-1)A)]
D. Other Adjustments:
Loss responsibility (-) - N/A
Transfers to private (-) - N/A
Transfers to fees (-) - N/A
Assumed responsibility (+) - N/A
E. Total Adjustments 1,261,260 (C+D)
F. Appropriations limit for the fiscal year ending June 30, 2025 $ 24,403,653 (A+E) 1) Greater of population increase % for:
City of American Canyon 1.0177
Napa County 1.0038
263
CITY OF AMERICAN CANYON, CALIFORNIA
NOTES TO THE APPROPRIATIONS LIMIT SCHEDULE
FOR THE YEAR ENDING JUNE 30, 2025
4 1. PURPOSE OF LIMITED PROCEDURES REVIEW
Under Article XIIIB of the California Constitution (the Gann Spending Limitations Initiative), California governmental agencies are restricted as to the amount of annual appropriations from proceeds of taxes. Effective for years beginning on or after July 1, 1990, under Section 1.5 of Article XIIB, the annual calculation of the appropriation limit is subject to a limited procedures review in connection with the annual audit.
2. METHOD OF CALCULATION
Under Section 10.5 of Article XIIIB, for fiscal years beginning on or after July 1, 1990, the appropriations limit is required to be calculated based on the limit for the fiscal year 1986-87, adjusted for the inflation and population factors discussed in Notes 3 and 4 below.
3. INFLATION FACTORS
A California governmental agency may adjust its appropriations limit by either the annual percentage change in the 4th quarter per capita personal income (which percentage is supplied by the State Department of Finance) or the percentage change in the local assessment roll from the preceding year due to the change of local nonresidential construction. The factor adopted by the City for the year 2024-25 represents the annual percentage change in the per capita personal income.
4. POPULATION FACTORS
A California governmental agency may adjust its appropriations limit by either the annual percentage change of the jurisdiction’s own population or the annual percentage change in population of the county where the jurisdiction is located. The factor adopted by the City for the year 2024-25 represents the annual percentage change in population for the County.
5. OTHER ADJUSTMENTS
A California government agency may be required to adjust its appropriations limit when certain events occur, such as the transfer of responsibility for municipal services to, or from, another government agency or private entity. The City had no such adjustment for the year ending June 30, 2025.
264
Chavan & Associates, LLP
Certified Public Accountants
16450 Monterey Rd, Suite 5
Morgan Hill, CA 95037
CITY OF AMERICAN CANYON
FIRE PROTECTION DISTRICT
City of American Canyon, California
APPROPRIATIONS LIMIT SCHEDULE AND
INDEPENDENT ACCOUNTANT’S REPORT
For the Year ending June 30, 2025
* * *
265
CITY OF AMERICAN CANYON
FIRE PROTECTION DISTRICT
APPROPRIATIONS LIMIT SCHEDULE AND
INDEPENDENT ACCOUNTANT’S REPORT
FOR THE YEAR ENDING JUNE 30, 2025
TABLE OF CONTENTS
PAGE NO
INDEPENDENT ACCOUNTANT’S REPORT ........................................................................... 1-2 APPROPRIATIONS LIMIT SCHEDULE.................................................................................. 3 NOTES TO THE APPROPRIATIONS LIMIT SCHEDULE .......................................................... 4 266
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INDEPENDENT ACCOUNTANTS’ REPORT ON AGREED-UPON
PROCEDURES APPLIED TO APPROPRIATIONS LIMIT UNDER
ARTICLE XIIIB OF THE CALIFORNIA CONSTITUTION
To the Fire Protection District Board
of the City of American Canyon Fire Protection District City of American Canyon, California
We have performed the procedures enumerated below to the accompanying Appropriations Limit Schedule of the City of American Canyon Fire Protection District (the District), for the fiscal year ending June 30, 2025.
The District’s management is responsible for the accompanying Appropriations Limit Schedule June 30, 2025. The District has agreed to and acknowledged that the procedures performed are appropriate to meet the intended purpose of assisting the District in evaluating the appropriations limit calculation in accordance with the requirements of Section 1.5 of Article XIII-B of the California Constitution. The procedures are recommended by the California Committee on Municipal Accounting (as presented in the CCMA White Paper titled Agreedupon Procedures Applied to the Appropriations Limitation Prescribed by Article XIII-B of the California Constitution). 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 performed and our findings were as follows:
1. We obtained completed worksheets used by the District to calculate its appropriation limit for the fiscal year ending June 30, 2025 and determined that the limit and annual adjustment factors were adopted by resolution of the District Board. We also determined that the population and inflation options were selected by a recorded vote of the District Board.
Findings: No exceptions were noted as a result of our procedures.
2. For the accompanying Appropriations Limit Schedule, we added the prior year’s limit to the total adjustments and agreed the resulting amount to the current year’s limit.
Findings: No exceptions were noted as a result of our procedures.
3. We agreed the current year information presented in the accompanying Appropriation Limit Schedule to corresponding information in worksheets used by the District.
Findings: No exceptions were noted as a result of our procedures.
4. We agreed the prior year appropriations limit in the accompanying Appropriation Limit Schedule to the corresponding information in worksheets used by the District.
Findings: No exceptions were noted as a result of our procedures. 267
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We were engaged by the District to perform this agreed-upon procedures engagement and conducted our engagement in accordance with attestation 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 appropriations limit calculation for the fiscal year ending June 30, 2025. 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 appropriations limit for the base year, as defined by Article XIII-B of the California Constitution.
We are required to be independent of the District 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 use of the District Board and management of the District and is not intended to be and should not be used by anyone other than these specified parties.
However, this report is a matter of public record, and its distribution is not limited.
October 18, 2025
Morgan Hill, California
268
CITY OF AMERICAN CANYON
FIRE PROTECTION DISTRICT
APPROPRIATIONS LIMIT SCHEDULE
FOR THE YEAR ENDING JUNE 30, 2025
3 Amount Source
A. Appropriations limit for the fiscal year ended June 30, 2024 $ 15,480,285 Prior Year Schedule B. Calculation Factors:
1. Population increase % 1.0177 1) State Department of Finance
2. Inflation increase % 1.0362 State Department of Finance
3. Total adjustment factor % 1.05450000 B1 x B2
C. Annual Adjustment Increase 843,676 [(B3-1)A)]
D. Other Adjustments:
Loss responsibility (-) - N/A
Transfers to private (-) - N/A
Transfers to fees (-) - N/A
Assumed responsibility (+) - N/A
E. Total Adjustments 843,676 (C+D)
F. Appropriations limit for the fiscal year ending June 30, 2025 $ 16,323,961 (A+E) 1) Greater of population increase % for:
City of American Canyon 1.0177
Napa County 1.0038
269
CITY OF AMERICAN CANYON,
FIRE PROTECTION DISTRICT
NOTES TO THE APPROPRIATIONS LIMIT SCHEDULE
FOR THE YEAR ENDING JUNE 30, 2025
4 1. PURPOSE OF LIMITED PROCEDURES REVIEW
Under Article XIIIB of the California Constitution (the Gann Spending Limitations Initiative), California governmental agencies are restricted as to the amount of annual appropriations from proceeds of taxes. Effective for years beginning on or after July 1, 1990, under Section 1.5 of Article XIIB, the annual calculation of the appropriation limit is subject to a limited procedures review in connection with the annual audit.
2. METHOD OF CALCULATION
Under Section 10.5 of Article XIIIB, for fiscal years beginning on or after July 1, 1990, the appropriations limit is required to be calculated based on the limit for the fiscal year 1986-87, adjusted for the inflation and population factors discussed in Notes 3 and 4 below.
3. INFLATION FACTORS
A California governmental agency may adjust its appropriations limit by either the annual percentage change in the 4
th quarter per capita personal income (which percentage is supplied by the State Department of Finance) or the percentage change in the local assessment roll from the preceding year due to the change of local nonresidential construction. The factor adopted by the District for the year 2024-25 represents the annual percentage change in the per capita personal income.
4. POPULATION FACTORS
A California governmental agency may adjust its appropriations limit by either the annual percentage change of the jurisdiction’s own population or the annual percentage change in population of the county where the jurisdiction is located. The factor adopted by the District for the year 2024-25 represents the annual percentage change in population for the County.
5. OTHER ADJUSTMENTS
A California government agency may be required to adjust its appropriations limit when certain events occur, such as the transfer of responsibility for municipal services to, or from, another government agency or private entity. The District had no such adjustment for the year ending June 30, 2025.
270
CITY COUNCIL AGENDA
FEBRUARY 17, 2026
STAFF REPORT
BUSINESS
ITEM NUMBER: 7.
TITLE
Fiscal Year 2025-26 Mid-Year Budget Amendments
RECOMMENDATION
Adopt a Resolu+on approving Mid-Year Budget Amendments to Opera+ng Budget for Fiscal Year 2025-26.
CONTACT
Jemelyn Cruz, Finance Director
BACKGROUND & ANALYSIS
The City adopts a budget each June for the upcoming fiscal year. It covers the +me period of “one year” (July 1 through June 30). Therea:er, staff rou+nely monitors expenditures and revenues on a monthly basis. A:er the comple+on of the prior fiscal year’s Annual Comprehensive Financial Report (ACFR) near the mid-term of the fiscal year, staff undertakes a comprehensive review of the City’s financial posi+on. This proposed mid-year budget es+mates revenue and expense expecta+ons and needs for the remainder of the current fiscal year.
During the “Mid-Year Budget Review” process, staff compares their respec+ve departments’ actual revenue and expenditures, expecta+ons for the remainder of the fiscal year, and compares those results to amounts budgeted. This fiscal year’s process includes ac+vity posted through January 31, 2026. It also includes analysis about planned work not yet complete and unplanned work that is desired before the end of the fiscal year. This includes any added, unplanned work to this “Mid-Year Budget Review” and associated Mid-Year Budget Amendments for that are included.
Based on input from other city departments, the proposed Mid-Year Budget Amendments are summarized in Exhibit A and projected ending fund balances are summarized in Exhibit B. A detailed report will be added to the City's new transparency portal, which shows requests at the fund level and at a more granular and aggregate levels.
Staff presented a year-to-date fiscal analysis and proposed Mid-Year Budget amendments to the Finance CommiCee on February 5, 2026, and the commiCee recommended that the city council approve the Mid-Year Budget as presented.
271
COUNCIL PRIORITY PROGRAMS AND PROJECTS
Organizational Effectiveness: "Deliver exemplary government services."
FISCAL IMPACT
The General Fund con+nues to remain balanced with the mid-year budget amendments proposed.
The increase in revenues is $873,452 primarily consis+ng of increases in transfers in from Measure U, legal revenue from Water Enterprise, sales tax revenues, developer billing contribu+ons, Parks & Recrea+on revenues, property taxes, and encroachment permit ac+vity. The increase in expenses of $669,846 consists of unan+cipated maintenance work needed on Green Island Road, increase in legal services related to exis+ng li+ga+on, increase in parks maintenance costs and developer billing costs, offset by reduc+on in insurance premium. Es+mated fund balance is $11,441,226 with $1,977,565 in unassigned fund balance.
Special Revenue Fund total net appropria+on amendments increased $174,030, which is comprised of an increase of $2,042,140 in expenditures and an increase in revenues of $1,868,110. The revised net income is ($6,696,839) and es+mated ending fund balances for all special revenue funds is $10,992,984.
Capital Projects Fund revenue budget amendments increased by $331,902, and expenditures amendments increased by $1,764,000. The revised net decrease in fund balance is $3,862,154 and estimated ending fund balances for all capital project funds is $8,348,021.
Water Enterprise Fund appropria+on amendments are comprised of an increase in expenditures of $129,931 and a decrease in revenues of $550,298. The revised net income is ($3,035,618) and es+mated ending net posi+on for the water enterprise fund is $38,932,767, with working capital in water operations at $5,997,575.
Wastewater Enterprise Fund appropria+on amendments are comprised of an increase in expenditures of $53,289 and a decrease in revenues of $471,880. The revised net income is ($3,269,543) and es+mated ending net posi+on for wastewater funds is $30,387,875, with working capital in wastewater operations at $2,750,932.
Recycled Water Enterprise Fund total net appropria+on amendments decreased $17,762 which is comprised of a decrease in expenditures of $17,762. The revised net loss is $811,479 and es+mated 272
ending net position for recycled water enterprise funds is (34,870).
Internal Service Fund appropria+on amendments total $750,043, which is comprised of an increase in revenues of $281,587 and increase in expenditures of $468,456. The revised net income is ($398,197) and estimated ending net position for City funds is $1,401,947.
ENVIRONMENTAL REVIEW
Not applicable.
ATTACHMENTS:
1. Resolution - FY 2025-26 Mid-Year Budget Amendment
Exhibit A - FY 2025-26 Midyear Budget Adjustments
Exhibit B - FY 2025-26 Midyear Budget Fund Balance
273
RESOLUTION NO. 2026-______
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF AMERICAN CANYON APPROVING MID-YEAR BUDGET AMENDMENTS TO THE OPERATING BUDGET FOR FISCAL YEAR 2025-26 WHEREAS, the City Council reviewed the Fiscal Year 2025-26 Budget versus actual revenue and expenditure reports through January 31, 2026; and
WHEREAS, staff also reviewed the General Fund and discussed variances and general operations and noted that the City’s revenues are expected to exceed the estimated budget by the end of the fiscal year and that overall expenditures are also expected to exceed the current estimated budget; and
WHEREAS, there are some recommended changes to revenue and expense budgets that result from unforeseen or unanticipated events when the Fiscal Year 2025-26 Budget was adopted by the City Council on June 3, 2025 and require amendments to the budget as stated in Exhibit A, attached hereto and made a part thereof.
NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of American Canyon hereby resolves to approve the budget amendments attached hereto as Exhibit A.
PASSED, APPROVED and ADOPTED at a regularly scheduled meeting of the City Council of the City of American Canyon held on the 17th day of February 2026, by the following vote:
AYES:
NOES:
ABSTAIN:
ABSENT:
_______________________________
Pierre Washington, Mayor
ATTEST:
_____________________________ _______________________________ Taresa Geilfuss, CMC, City Clerk Teresa L. Highsmith , City Attorney
274
FISCAL YEAR 2025-26 Revenue Budget Expenditure Budget Revenues Expenditures Revenues Expenditures Net Income Fund Description Amended-To-Date Amended-To-Date Mid-Year Adjustment Mid-Year Adjustment Revised Amended Revised Amended Revised Expected 100 GENERAL FUND 31,402,301.00 31,773,013.92 775,952.00 594,846.08 32,178,253.00 32,367,860.00 (189,607.00) 105 DEVELOPER PROJECTS 1,270,607.00 1,103,500.00 97,500.00 75,000.00 1,368,107.00 1,178,500.00 189,607.00 210 STORM DRAIN/MEASURE A 198,673.00 3,711,113.31 - 31,111.69 198,673.00 3,742,225.00 (3,543,552.00) 211 MEASURE T 1,796,709.00 3,461,027.00 - 285,000.00 1,796,709.00 3,746,027.00 (1,949,318.00) 212 GAS TAX/ROAD MAINTENANCE 617,348.00 1,440,950.00 - - 617,348.00 1,440,950.00 (823,602.00) 213 GAS TAX RMRA 589,049.00 205,535.00 - - 589,049.00 205,535.00 383,514.00 215 CALHOME PROGRAM 42,184.00 11,800.00 - - 42,184.00 11,800.00 30,384.00 216 CDBG - REHAB LOAN PROGRAM 5,171.00 - - - 5,171.00 - 5,171.00 217 HOME PROGRAM 405,000.00 330,000.00 534,981.00 - 939,981.00 330,000.00 609,981.00 218 STATE SUPP LAW ENF (COPS) 200,136.00 200,000.00 - - 200,136.00 200,000.00 136.00 220 BEGIN PROGRAM 34,254.00 30,000.00 - - 34,254.00 30,000.00 4,254.00 230 STATE GRANTS 686,906.44 686,906.44 1,290,845.56 1,199,999.56 1,977,752.00 1,886,906.00 90,846.00 240 FEDERAL GRANTS 9,659,853.00 9,567,657.00 193,445.00 - 9,853,298.00 9,567,657.00 285,641.00 252 NEWELL OPEN SPACE PRESERVE 17,383.00 14,500.00 - - 17,383.00 14,500.00 2,883.00 254 LAVIGNE OPEN SPACE MAINTEN 5,447.00 - - - 5,447.00 - 5,447.00 261 LLAD Zone 1, LaVigne 316,334.00 349,700.00 - 6,047.00 316,334.00 355,747.00 (39,413.00) 262 LLAD Zone 2, Vintage Ranch 376,910.00 1,052,048.00 - - 376,910.00 1,052,048.00 (675,138.00) 263 LLAD Zone 3, Napa Junction 231,448.00 281,000.00 - - 231,448.00 281,000.00 (49,552.00) 275 GP UPDATE FEE FUND 32,640.00 - (2,131.00) 330,952.00 30,509.00 330,952.00 (300,443.00) 280 CANNABIS FUND 1,150.00 1,000.00 - - 1,150.00 1,000.00 150.00 281 COMM FACILITIES DIST FUND 65,921.00 35,600.00 - 15,000.00 65,921.00 50,600.00 15,321.00 282 LEGAL SETTLEMENT 27,134.00 796,896.98 - 0.02 27,134.00 796,897.00 (769,763.00) 283 NATIONAL OPIOID SETTLEMENT 3,214.00 8,000.00 25,000.00 - 28,214.00 8,000.00 20,214.00 310 PARKS IMPACT FEE FUND 2,291,071.00 1,910,327.50 (178,319.00) 227,000.50 2,112,752.00 2,137,328.00 (24,576.00) 320 TRAFFIC IMPACT FEE FUND 2,596,748.00 5,054,885.00 (925,115.00) - 1,671,633.00 5,054,885.00 (3,383,252.00) 330 CIVIC IMPACT FEE FUND 46,602.00 304,341.00 - - 46,602.00 304,341.00 (257,739.00) 340 AFFORDABLE HOUSING 1,539,777.00 216,700.00 2.00 - 1,539,779.00 216,700.00 1,323,079.00 350 CAPITAL PROJECTS 40,940,247.00 42,400,804.00 1,537,000.00 1,537,000.00 42,477,247.00 43,937,804.00 (1,460,557.00) 360 AMCAN RD E ASSMT DIST 1,022.00 - - - 1,022.00 - 1,022.00 370 ZERO WATER FOOTPRINT 104,698.00 75,000.00 (101,666.00) - 3,032.00 75,000.00 (71,968.00) 380 UTILITY UNDERGROUND FUND 11,837.00 - - - 11,837.00 - 11,837.00 420 CABERNET VILLAGE LSE DS 468,638.00 468,638.00 - - 468,638.00 468,638.00 - 440 ENGIE EQUIP/LEASE DEBT SVC 38,512.00 38,512.00 - - 38,512.00 38,512.00 - 510 WATER OPERATIONS* 12,001,387.00 16,949,064.45 198,715.00 129,391.55 12,200,102.00 17,078,456.00 (4,878,354.00) 515 WTR DEBT SERVICE FUND 17,900.00 17,900.00 - - 17,900.00 17,900.00 - 520 WATER CAPACITY FEE FUND 4,633,479.00 2,041,730.00 (749,013.00) - 3,884,466.00 2,041,730.00 1,842,736.00 530 WATER CIP 2,985,074.00 2,985,074.00 - - 2,985,074.00 2,985,074.00 - 540 WASTEWATER OPERATIONS* 6,796,586.00 9,756,178.36 - 53,288.64 6,796,586.00 9,809,467.00 (3,012,881.00) 545 WW DEBT SERVICE FUND 43,173.00 43,173.00 - - 43,173.00 43,173.00 - 275
FISCAL YEAR 2025-26 Revenue Budget Expenditure Budget Revenues Expenditures Revenues Expenditures Net Income Fund Description Amended-To-Date Amended-To-Date Mid-Year Adjustment Mid-Year Adjustment Revised Amended Revised Amended Revised Expected 550 WASTEWATER CAPACITY FEE 2,564,401.00 2,016,257.00 (471,880.00) - 2,092,521.00 2,016,257.00 76,264.00 560 WW CIP 3,282,336.00 3,282,336.00 - - 3,282,336.00 3,282,336.00 - 570 WW CAPITAL RESERVE 88,530.00 421,456.00 - - 88,530.00 421,456.00 (332,926.00) 580 RECYCLED WATER FUND* 450,000.00 1,279,268.00 - (17,762.00) 450,000.00 1,261,506.00 (811,506.00) 590 RECYCLED WATER CIP 195,027.00 195,000.00 - - 195,027.00 195,000.00 27.00 651 ISF - BLDG MAINTENANCE 1,005,620.00 1,275,319.00 23,120.00 126,223.00 1,028,740.00 1,401,542.00 (372,802.00) 652 ISF - FLEET 1,418,057.00 1,350,691.80 - 136,722.20 1,418,057.00 1,487,414.00 (69,357.00) 653 ISF - INFO TECHNOLOGY 1,134,269.00 1,343,265.53 - 25,510.47 1,134,269.00 1,368,776.00 (234,507.00) 654 ISF - LEGAL SERVICES 370,002.00 170,000.00 258,467.00 180,000.00 628,469.00 350,000.00 278,469.00 655 ISF - PARKS RENOV & REPL 75,576.00 963,730.00 - 110,000.00 75,576.00 1,073,730.00 (998,154.00) 656 ISF - STREETS RENOV & REPL 44,312.00 - - - 44,312.00 - 44,312.00 657 ISF - CVC FAC RENOV & REPL 12,780.00 93,334.00 - - 12,780.00 93,334.00 (80,554.00) 658 ISF - PS BLDG RENOV & REPL 5,908.00 42,555.00 - - 5,908.00 42,555.00 (36,647.00) 659 ISF - PENSION STABILIZATIO 2,954.00 - - - - 2,954.00 2,954.00 TOTAL 133,152,295.44 149,755,787.29 2,506,903.56 5,149,067.71 135,659,199.00 154,904,855.00 (19,245,656.00) 276
FISCAL YEAR 2025-26 Beginning Revenues Revenue Actuals Expenditures Expenditure Actuals Net Income Projected Ending Fund Description Fund Balances Revised Amended Thru 1/30/26 Revised Amended Thru 1/30/26 Revised Fund Balances 100 GENERAL FUND 10,447,589.34 32,178,253.00 10,843,682.82 32,367,860.00 17,058,067.91 (189,607.00) 10,257,982.34 105 DEVELOPER PROJECTS 993,636.66 1,368,107.00 597,847.07 1,178,500.00 286,165.88 189,607.00 1,183,243.66 210 STORM DRAIN/MEASURE A 5,324,125.02 198,673.00 63,772.68 3,742,225.00 1,035,329.89 (3,543,552.00) 1,780,573.02 211 MEASURE T 6,363,630.04 1,796,709.00 923,855.44 3,746,027.00 1,816,421.50 (1,949,318.00) 4,414,312.04 212 GAS TAX/ROAD MAINTENANCE 749,114.63 617,348.00 321,739.54 1,440,950.00 142,078.30 (823,602.00) (74,487.37) 213 GAS TAX RMRA 929,240.10 589,049.00 272,773.90 205,535.00 - 383,514.00 1,312,754.10 215 CALHOME PROGRAM 13,501.54 42,184.00 164.30 11,800.00 - 30,384.00 43,885.54 216 CDBG - REHAB LOAN PROGRAM 98,094.52 5,171.00 1,244.18 - - 5,171.00 103,265.52 217 HOME PROGRAM (534,980.99) 939,981.00 - 330,000.00 177,177.00 609,981.00 75,000.01 218 STATE SUPP LAW ENF (COPS) 4,649.78 200,136.00 143,275.44 200,000.00 9.83 136.00 4,785.78 220 BEGIN PROGRAM 146,307.48 34,254.00 1,319.80 30,000.00 - 4,254.00 150,561.48 230 STATE GRANTS (90,846.02) 1,977,752.00 - 1,886,906.00 13,344.45 90,846.00 (0.00) 240 FEDERAL GRANTS (193,444.52) 9,853,298.00 14,574.97 9,567,657.00 2,049,877.43 285,641.00 92,196.48 252 NEWELL OPEN SPACE PRESERVE 153,043.51 17,383.00 12,771.12 14,500.00 - 2,883.00 155,926.51 254 LAVIGNE OPEN SPACE MAINTEN 190,752.89 5,447.00 2,321.62 - - 5,447.00 196,199.89 261 LLAD Zone 1, LaVigne 544,217.40 316,334.00 111,807.96 355,747.00 102,524.95 (39,413.00) 504,804.40 262 LLAD Zone 2, Vintage Ranch 1,074,143.26 376,910.00 178,643.25 1,052,048.00 171,621.71 (675,138.00) 399,005.26 263 LLAD Zone 3, Napa Junction 1,827,502.89 231,448.00 112,954.57 281,000.00 34,959.21 (49,552.00) 1,777,950.89 275 GP UPDATE FEE FUND (171,063.02) 30,509.00 90,955.25 330,952.00 17,168.75 (300,443.00) (471,506.02) 280 CANNABIS FUND (14,631.87) 1,150.00 - 1,000.00 - 150.00 (14,481.87) 281 COMM FACILITIES DIST FUND 276,968.42 65,921.00 26,057.27 50,600.00 22,792.33 15,321.00 292,289.42 282 LEGAL SETTLEMENT 881,246.78 27,134.00 10,781.99 796,897.00 17,609.62 (769,763.00) 111,483.78 283 NATIONAL OPIOID SETTLEMENT 118,251.52 28,214.00 24,300.46 8,000.00 - 20,214.00 138,465.52 310 PARKS IMPACT FEE FUND 1,971,974.40 2,112,752.00 612,323.27 2,137,328.00 540,843.26 (24,576.00) 1,947,398.40 320 TRAFFIC IMPACT FEE FUND 5,304,692.48 1,671,633.00 70,664.30 5,054,885.00 19,631.33 (3,383,252.00) 1,921,440.48 330 CIVIC IMPACT FEE FUND 1,400,286.23 46,602.00 189,773.35 304,341.00 36,513.31 (257,739.00) 1,142,547.23 340 AFFORDABLE HOUSING 1,398,468.14 1,539,779.00 481,235.97 216,700.00 131,850.00 1,323,079.00 2,721,547.14 350 CAPITAL PROJECTS 1,326,953.50 42,477,247.00 8,795,604.26 43,937,804.00 8,982,706.32 (1,460,557.00) (133,603.50) 360 AMCAN RD E ASSMT DIST 359,933.41 1,022.00 435.75 - - 1,022.00 360,955.41 370 ZERO WATER FOOTPRINT 33,346.21 3,032.00 11,265.29 75,000.00 - (71,968.00) (38,621.79) 380 UTILITY UNDERGROUND FUND 414,520.87 11,837.00 5,045.09 - - 11,837.00 426,357.87 420 CABERNET VILLAGE LSE DS (0.01) 468,638.00 - 468,638.00 234,319.41 - (0.01) 440 ENGIE EQUIP/LEASE DEBT SVC (17,750.24) 38,512.00 9,627.94 38,512.00 22,465.22 - (17,750.24) 510 WATER OPERATIONS* 10,875,929.07 12,200,102.00 5,741,093.28 17,078,456.00 5,267,468.10 (4,878,354.00) 5,997,575.07 515 WTR DEBT SERVICE FUND (1,034,261.94) 17,900.00 23,235.34 17,900.00 54,215.81 - (1,034,261.94) 520 WATER CAPACITY FEE FUND 8,204,652.81 3,884,466.00 200,795.16 2,041,730.00 47,418.42 1,842,736.00 10,047,388.81 530 WATER CIP 849,214.99 2,985,074.00 38,079.60 2,985,074.00 38,079.60 - 849,214.99 540 WASTEWATER OPERATIONS* 5,763,813.14 6,796,586.00 3,519,232.80 9,809,467.00 3,077,906.39 (3,012,881.00) 2,750,932.14 545 WW DEBT SERVICE FUND (2,654,738.34) 43,173.00 56,042.10 43,173.00 130,764.87 - (2,654,738.34) 277
FISCAL YEAR 2025-26 Beginning Revenues Revenue Actuals Expenditures Expenditure Actuals Net Income Projected Ending Fund Description Fund Balances Revised Amended Thru 1/30/26 Revised Amended Thru 1/30/26 Revised Fund Balances 550 WASTEWATER CAPACITY FEE 7,043,450.52 2,092,521.00 377,237.34 2,016,257.00 750.00 76,264.00 7,119,714.52 560 WW CIP (410,509.25) 3,282,336.00 42,154.60 3,282,336.00 65,783.00 - (410,509.25) 570 WW CAPITAL RESERVE 511,248.11 88,530.00 25,075.88 421,456.00 - (332,926.00) 178,322.11 580 RECYCLED WATER FUND* (1,424,301.94) 450,000.00 299,878.51 1,261,506.00 489,029.04 (811,506.00) (2,235,807.94) 590 RECYCLED WATER CIP 1,006.64 195,027.00 27,967.61 195,000.00 27,958.00 27.00 1,033.64 601 LAVIGNE SAD REASSMT REV BO 1,136,852.81 - 207,148.19 7,833.00 7,832.69 (7,833.00) 1,129,019.81 602 AMCAN RD E INF REV BOND 1,667,478.91 - 525,966.57 9,214.00 9,213.78 (9,214.00) 1,658,264.91 603 COMM FACILITIES DISTRICT 9,769,753.11 - 387,083.67 8,690.00 8,689.67 (8,690.00) 9,761,063.11 610 TOURISM IMPROVEMENT DIST 92,287.18 - 22,894.73 78,000.00 78,000.00 (78,000.00) 14,287.18 651 ISF - BLDG MAINTENANCE 715,124.83 1,028,740.00 248,338.12 1,401,542.00 478,139.74 (372,802.00) 342,322.83 652 ISF - FLEET 448,574.90 1,418,057.00 359,355.99 1,487,414.00 678,401.02 (69,357.00) 379,217.90 653 ISF - INFO TECHNOLOGY 914,907.79 1,134,269.00 286,215.11 1,368,776.00 804,184.06 (234,507.00) 680,400.79 654 ISF - LEGAL SERVICES (278,463.82) 628,469.00 92,500.50 350,000.00 174,709.55 278,469.00 5.18 655 ISF - PARKS RENOV & REPL 2,596,453.08 75,576.00 23,342.82 1,073,730.00 48,486.54 (998,154.00) 1,598,299.08 656 ISF - STREETS RENOV & REPL 1,523,779.30 44,312.00 13,746.64 - - 44,312.00 1,568,091.30 657 ISF - CVC FAC RENOV & REPL 439,457.92 12,780.00 3,964.25 93,334.00 227,798.20 (80,554.00) 358,903.92 658 ISF - PS BLDG RENOV & REPL 197,294.62 5,908.00 1,779.74 42,555.00 - (36,647.00) 160,647.62 659 ISF - PENSION STABILIZATIO 1,585.25 2,954.00 916.36 - - 2,954.00 4,539.25 *Working Capital 88,274,064.04 135,659,199.00 36,454,863.76 154,904,855.00 44,628,306.09 (19,245,656.00) 69,028,408.06 278
CITY COUNCILMEMBER REPORT
Council
Meeting
Date:
02/17/2026 Submitted
by: *
Councilmember David Oro
Event
Date:
02/02/2026 Event Type Committee Report
Event Title: Local Agency Formation Commission of Napa County (Napa LAFCO) Event Report: As the City of American Canyon’s Alternate on the Napa County Local Agency Formation Commission (LAFCO), I attended the regular meeting held on February 2, 2026. While I did not vote, I participated in discussions, including a significant item concerning the Municipal Service Review (MSR) for the City of St. Helena.
The Commission engaged in a robust discussion regarding a staff-recommended resolution to expand the scope of the MSR to include several additional areas requested by the City of St. Helena. These areas— Meadowood/Deer Park Estates/Madrone Knoll, the city’s wastewater treatment plant (which is outside city limits), and a corridor south of town along Highway 29—had not been part of the original MSR draft. While staff recommended adopting the resolution and proceeding with an additional $20,000 study, commissioners expressed strong concern about the added cost, the lack of clarity over process, and whether the MSR had been inappropriately blended with considerations related to the city’s Sphere of Influence (SOI).
Several commissioners emphasized that the MSR is distinct from SOI planning and must be completed independently before LAFCO can entertain any boundary or annexation proposals. Commissioner Belia Ramos, in particular, questioned how the process had evolved, stressing that LAFCO must remain in the “driver’s seat” when conducting these statutory reviews. Other commissioners shared concerns about the timeline delays, the City’s changing points of contact, and the overall communication with the LAFCO consultant, RSG. Ultimately, the Commission unanimously agreed to revisit the resolution with a revised version that omits any SOI references and reaffirms a narrower, MSR-only scope.
Public engagement appeared to influence the outcome. Thirteen letters were submitted in support of extending the MSR study, and multiple public comments highlighted the importance of staying focused on service review before any SOI discussions. The Commission acknowledged that some of the areas in question may merit annexation consideration in the future, particularly where the City already provides services, but emphasized the need for a clear and methodical process.
Additional discussion topics included:
Proposed Amendment to Sphere of Influence Policy:
On consent and not discussed was a status update on a proposed policy change that would require LAFCO to obtain authorization from the Napa County Airport Land Use Commission (ALUC) before including any land within the ALUC Planning Area in a local agency’s SOI.
Appointments to LAFCO Subcommittees:
Commissioners were appointed to serve on several standing subcommittees, including Budget, Legislative, Policy, and Islands. I was appointed to serve on the Legislative committee along with public alternate member Eve Khan.
City of American Canyon Annexation – Paoli/Watson Lane Area:
LAFCO staff provided an update via written report on an anticipated annexation application from the City of American Canyon involving approximately 83 acres near Paoli Loop and Watson Lane. The area includes multiple parcels and a railroad right-of-way and is expected to support industrial and residential development as well as 279
the planned extension of Newell Drive to South Kelly Road. The City has completed environmental review, and a formal proposal is forthcoming.
Event
Date:
29/01/2026 Event Type Other
Event Title: Meeting and Community Event
Event Report: PG&E Meeting
January 30th - Met with PG&E Mark Van Gorder, local government affairs representative for Marin and Napa Counties. His goal in 2026 is to meet very jurisdiction manager and elected official. We had a good update on PG&E's progress since the fires and how the utility seems to be turning around.
Napa River Ecology Center - Winter Open House
January 29th - Meeting with community members and very excited to see them break ground this spring. 280
CITY COUNCILMEMBER REPORT
Council
Meeting
Date:
02/17/2026 Submitted
by: *
Vice Mayor Mark Joseph
Event
Date:
05/02/2026 Event Type Committee Report
Event Title: SR37 State Route Policy Committee
Event Report: Along with Mayor Washington, we attended the quarterly meeting this time in Napa. In addition to general updates on the project, we addressed two items.
First, we struggled with a $50 million cost overrun in the first phase of the interim project, and this is based only on estimates--the actual cost could be more or less. Although no specific solution was provided, we discussed a number of options: Encourage Caltrans and Federal funding sources to cover half of the increase; consider covering our local share by deferring future fund allocations that could come to the North Bay (particularly if such funds were competitive--that is, not necessarily guaranteed in the first place); and lastly, explore Resource Conservation Agencies contributing financially towards the environmental upgrades being implemented (for example, the Tolay Creek Bridge is significantly more expensive because it was built wide enough to restore tidal action in the area and help develop the wetlands upstream).
The other major topic was more exciting. We discussed the potential of upgrading rail service from Novato to Fairfield/Suisun, via American Canyon. The real discussion was whether we upgrade existing rail that goes around the San Pablo Bay (through Schellville and Sonoma County), or build a new rail that roughly parallels SR37 and would go through Vallejo and then up to American Canyon and on to Suisun. The Vallejo option is more expensive, but potentially a faster route and certainly would be more effective, with connections to the Vallejo Ferry. It's not something we'll see in the near future, but more and more, passenger rail service is sounding more realistic in the North Bay. SMART.
Event
Date:
05/02/2026 Event Type Committee Report
Event Title: Finance Subcommittee
Event Report: Mayor Washington and I also attended this scheduled meeting to review budget adjustments for City funds. In general, there were mostly offsetting revenues and expenses, but the net impact on the General Fund was actually positive, with an unexpected savings in our insurance charges (mainly because we were conservative in the estimate). Other funds are doing well, or reflect drawdowns due to Capital Expenditures.
The other topic was discussing revisions to the Fiscal Policies, and more on how we should approach it--forward items to Council as they are finalized, or wait until the full package is complete. We'll bring that discussion to the full Council during the Mid-Year Budget review.
Event
Date:
05/02/2026 Event Type Committee Report
Event Title: City and NVUSD Committee Meeting
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Event Report: Council Member Lamattina and I met with our counterparts at the School District. It was a good meeting, and we heard updates on student enrollment and the fact that Vallejo has shifted its approach towards the inter-district transfers that help cover our School District's budget. That is, they not only want to stop future transfers, but cancel the ones that are currently in effect. The shift in policy may not be in our best financial interests, but you can't blame Vallejo. But trying to cancel transfers that are already in place seems unfair to the student.
We also talked a little about the process we might go through if we wanted to acquire some of the District's surplus land in American Canyon, potentially as it relates to our upcoming Parks Master Plan.
Event
Date:
06/02/2026 Event Type Committee Report
Event Title: Council Strategic Meeting at Holiday Inn Express Event Report: The full Council attended this noticed meeting. Public comment expressed concerns about an off-site, nonrecorded meeting, and offered some positive options. One in particular was to host a Town Hall Meeting beforehand, and solicit input from the public on local priorities. That input could then assist the Council in its deliberations during the Retreat.
Going to the point of the exercise, the City Manager did a great job going through the past process and noted that 70+ priority projects is probably missing the point of a strategic plan. Once we shifted towards identifying the 3-4 key issues, it was amazing that we all came up with very similar themes. As a result, four critical issues emerged as top priorities for the immediate future:
Eastside Circulation;
The City's future boundaries;
The Broadway District Plan; and
The High Strength Waste upgrade at our Wastewater Treatment Plant, or Water Reclamation Plant, depending on how long you've been here!
Next steps should be articulating what each of these priority areas really mean in terms of outcomes and process; and then refining the workload into specific milestones.
Probably the best Retreat in terms of realistic outcomes that I've seen in my15+ years on Council! Event
Date:
Event Type Community Event
Event Title: Community Activities and Events
Event Report: Library Re-opening: I showed up just in time to check out the upgrades and connect with local residents.
It looks great, even though I missed the monkeys!
Napa County Democratic Central Committee: Attended the monthly virtual meeting and heard from several Statewide candidates for Governor, Lt. Governor, Insurance Commissioner and Board of Equalization.
Kiwanis Club: The big push is the Crab Feed, and we've sold almost half of our tickets. You can still buy Regular Tables at the same price for the last 3 years! See me for details.
American Canyon Arts Foundation: We welcomed our new President, Karen Brorby, and she is doing great! We are in the middle of planning our Fourth Annual ACHS Arts & Music Fest; preliminary planning for our Juneteenth Celebration (which will be part of the Chamber's Meet Me in the Street), and ready to kick-off our new monthly Third Thursday program with an Art Exhibition in our Room 5. PS - Thank you very much for the installation of Wifi in our rooms. Much appreciated!! 282
CITY COUNCILMEMBER REPORT
Council
Meeting
Date:
02/17/2026 Submitted
by: *
Mayor Pierre Washington
Event
Date:
05/02/2026 Event Type Committee Report
Event Title: STATE ROUTE 37 POLICY COMMITTEE
Event Report: On February 5, 2026, Vice Mayor Joseph and I attended the State Route 37 Policy Committee meeting held at the Napa Valley Transit Authority (NVTA) Building in Napa.
Discussions/Information Items:
Communications, construction, recent flooding &planned flood reduction
1. Near Term: Sears Point to Mare Island Improvement, Updated cost estimate.
2. Long term: Novato Creek Bridge replacement
3. Long term: Project draft Aesthetics Master Plan
4. SMART Novato Project Study Report.
Event
Date:
04/02/2026 Event Type Community Event
Event Title: Lunch with Napa College Deans
Event Report: On February 4, 2026, I met with the Dean of Napa Valley College, Ryan Smith the purpose of meeting with Napa Valley College’s deans and admissions team was to strengthen collaboration and identify opportunities to better promote the college’s programs and pathways to our local residents and student community. By understanding the college’s academic offerings, support services, and enrollment processes, we can improve how this information is communicated city‑wide and help ensure our community is aware of accessible, high‑quality educational and career‑development opportunities.
This engagement also allows us to explore joint outreach initiatives, streamline connections between students and college resources, and support long‑term educational and workforce development goals within our city. 283
Event
Date:
05/02/2026 Event Type Committee Report
Event Title: Finance Subcommittee Meeting
Event Report: On February 5, 2026, I attended the American Canyon Financial Sub‑Committee meeting with Vice Mayor Mark Joseph, Financial Director Jem Cruz, and City Manager Jason Holley.
The meeting addressed two primary business items: (1) the Fiscal Year 2025–26 Mid‑Year Budget Adjustment, including a review of current financial performance and proposed modifications to ensure alignment with city priorities; and (2) the Fiscal Policy Update Workplan, which outlined upcoming efforts to refine and strengthen the city’s financial policies. This meeting provided important insight into the city’s budget posture, long‑term financial planning, and policy development process.
Event
Date:
06/02/2026 Event Type Conference
Event Title: City Council Retreat/City Council Strategic Planning Workshop Event Report: Last week, the City Council held a very successful Strategic Planning Retreat at the Holiday Inn Express. I want to extend my appreciation to my colleagues (Councilmembers), City Manager, Jason Holley, and staff for their active engagement and thoughtful participation throughout the day.
The retreat provided a valuable opportunity for us to step back from daily operations and focus on our long‑term priorities for American Canyon. Building on the pre‑read materials and agenda prepared by City Manager Jason Holley, we engaged in productive discussions centered on aligning our strategic goals, strengthening collaboration, and ensuring our efforts continue to support the needs of our residents, businesses, and organization.
The workshop reaffirmed our team’s strong alignment and commitment to maintaining a high performing, forward‑looking city government. The conversations and insights shared during the retreat will directly inform our strategic workplan and guide the initiatives we pursue in the year ahead.
Thank you again to everyone who contributed to making this retreat both meaningful and effective. I look forward to the continued progress we will make together.
Event
Date:
14/02/2026 Event Type Community Event
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Event Title: African American Women in Politics
Event Report: On February 14, 2026, I will be attending the “Black Women in Politics” conversation hosted by the Solano County Library will be especially meaningful during Black History Month. This event will provide an important platform to highlight the leadership, experiences, and contributions of Black women serving in public roles across our region. Their perspectives on public service, policymaking, and community advocacy offered valuable insight into both the progress made and the challenges that remain.
Participating in discussions like this deepens our understanding of representation, equity, and civic engagement. It also reinforces the importance of uplifting diverse voices in government, voices that strengthen our communities and broaden the lens through which decisions are made. This event will serve as a reminder of the impact that inclusive leadership has on shaping policy, inspiring future leaders, and fostering a more connected and informed community.
Engaging in these conversations during Black History Month underscores our commitment to honoring the history, achievements, and ongoing contributions of Black leaders while continuing to support pathways for meaningful participation in public life.
Event
Date:
Event Type
Event Title: Girl Scouts of American Canyon Daisy Troop # 31566 Event Report: This is Daisy Troop #31566's VERY first cookie-selling season! True 'Cookie Rookies' With the Daisey Troops proceeds, they hope to go on many fun adventures! Troop 31566 is excited to build strong business, decisionmaking and money-handling skills! .
Please support these young ladies buy purchasing or Donating to this amazing cause. Here's the link:
Girl Scout Order Card | Girl Scouts
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Pictured with Cassey to my right and Violet to my left (pictures approved to share by their parents) 286
Future Agenda Items
February 26, 2026, Planning Comm. 6:30 p.m.
Enclave at Canyon Estates Setback Variance
Housing Element and General Plan Annual
Report
March 3, 2026, City Council 6:30 p.m.
Acknowledging Holi
National Women's History Month
South Kelly Road/SR 29 Budget Amendment
Zone 5 Pump Station Budget Increase
Human Resources Annual Update
Utilities Update
March 4, 2026, OSATS Comm. 6:30 p.m.
Countywide Active Transportation Plan
FY2026/27 CIP Discussion
March 12, 2026, PCS Comm. 6:30 p.m.
FY2026/27 CIP Discussion
Develop Adult Fee Waiver Program
March 17, 2026, City Council. 6:30 p.m.
American Red Cross Month
Government Finance Professionals Week
Sites Project Update
Banking RFP Contract Award
Fiscal Policy Update - Reserve Policy
Communications Update
March 26, 2026, Planning Comm. 6:30 p.m.
TBD
April 1, 2026, OSATS Comm. 6:30 p.m.
Parks and Community Services Master Plan
Active Transportation Plan - General Plan
Amendment
April 7, 2026, City Council 6:30 p.m.
Arts Month
Sexual Assault Awareness Month
National Bike Week
Annual Police Report
April 9, 2026, PCS Comm. 6:30 p.m.
Meeting Cancelled
April 21, 2026, City Counci 6:30 p.m.
Earth Day - April 22, 2026
Building Safety Month May 2026
National Volunteer Week - April 19-25, 2026
Municipal Clerk's Week May 3-9, 2026
Q4 CIP Update
April 23, 2026, Planning Comm. 6:30 p.m.
Active Transp. Plan General Plan Amendment
May 5, 2026, City Council. 6:30 p.m.
Asian American and Native Hawaiian-Pacific
Islander Heritage Month May 2026
Mental Health Awareness Month May 2026
Public Works Week May 17-23, 2026
Older American's Month May 2026
Engineer's Report for LLAD FY26/27 and Set PH
May 7, 2026, Finance Subcommittee 1:00 p.m.
Draft Budget Review FY 2026/27
May 6, 2026, OSATS 6:30 p.m.
FY2026/27 Work Plan Discussion
May 14, 2026, PCS Comm. 6:30 p.m.
FY2026/27 Work Plan Discussion
Parks and Community Services Master Plan -
Final Draft
Unscheduled Council Directed Items
Item Councilmember Date of Vote Notes
All Electric Reach Code
(Discussion only)
Joseph 11/7/2023 On hold pending RCAAP and Berkeley
litigation.
Food Ware Ordinance Joseph 9/17/2024 On hold, pending RCAAP Purple Heart Designation Washington 10/15/2024 In progress, Council date TBD Clarke Ranch
Improvements
Oro 12/16/2025 In progress, Council date TBD
Review of Inclusionary
Housing Ordinance
Joseph 01/20/2026 In progress, Council date TBD
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