The accounts of the City are organized on the basis of funds. A fund is a separate accounting entity with a self‐balancing set of accounts.
Each fund was established for the purpose of accounting for specific activities in accordance with applicable regulations, restrictions, or limitations. 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 statements.
Measurement Focus and Basis of Accounting The government‐wide financial statements are reported using the economic resources measurement focus and the accrual basis of accounting, as are the proprietary fund financial statements. Revenues are recorded when earned and expenses are recorded when a liability is incurred, regardless of the timing of related cash flows. Property taxes are recognized as revenues in the year for which they are levied. Grants and similar items are recognized as revenue as soon as all eligibility requirements have been met.Governmental fund financial statements are reported using the current financial resources measurement focus and modified accrual basis of accounting. Revenues are recognized as soon as they are both measurable and available. Revenues are considered to be available when they are collectible within the current period or soon enough thereafter to pay liabilities of the current period. For this purpose, the City considers revenues, other than grant revenue, to be available if they are collected within 90 days of the end of the current fiscal period. A one‐year availability period is used for grant revenue recognition. Expenditures generally are recorded when a liability is incurred, as under accrual accounting. However, principal debt service expenditures, as well as expenditures related to compensated absences and claimsand judgments, are recorded only when payment is due.
Property taxes, franchise taxes, licenses, intergovernmental revenue, charges for services, and interest associated with the current fiscal period are all considered to be susceptible to accrual and have been recognized as revenues of the current fiscal period. All other revenue items are considered to be measurable and available only when cash is received by the government.
The City reports the following major governmental funds:
General Fund: The General Fund is the City’s primary operating fund and accounts for all financial resources of the general government, except those required to be accounted for in another fund.
Gas Tax Fund: The Gas Tax Fund accounts for State funds received for use in providing construction and maintenance of the street system of the City.
ADAP and Home Fund: The ADAP and Home Fund accounts for the operating and financing of funds provided by Federal Housing and Urban Development for the rehabilitation and financing of homes through ADAP and Home funding.
City of Anderson
NOTES TO THE FINANCIAL STATEMENTS(Continued)
CDBG Fund: The CDBG Fund accounts for funds provided by Federal Housing and Urban Development for the rehabilitation of homes and government structures through CDBG funding in addition to accounting for program income from closed grants/loans.
Low and Mod Income Housing Fund: The Low and Moderate Income Housing Fund accounts for all activities resulting from the elimination of the Redevelopment Agency’s low and moderate housing function. Primarily, this Fund utilizes program income from loan payments to provide for the development and assistance for low‐income households.
Riverside East Debt Service Fund: The Riverside East Debt Service Fund accounts for debt service reserves as required by USDA for the Riverside East Sewer/Storm Drain project.
The City reports the following major proprietary funds:
Water Fund: The Water Fund accounts for the operation and maintenance of the City’s water utility.
Sewer Fund: The Sewer Fund accounts for the operation and maintenance of the City’s waste water utility.
Additionally, the City reports the following fund types:
Internal Service Fund: Internal Service Fund accounts for data processing, customer service, maintenance, insurance, fleet management, and services provided to other departments on a cost reimbursement basis.
Private‐purpose Trust Fund: The Private Purpose Trust Fund is a fiduciary fund type used by the City to report trust arrangements under which principal and income benefit other governments. This fund reports the assets, liabilities, and activities of the City of Anderson Redevelopment Agency Successor Agency (Successor Agency).
Custodial Funds: Custodial Funds account for assets held by the City in a purely custodial capacity for individuals, private organizations, and/or other governments. These funds include the Shasta Interagency Narcotics Task Force (SINTF) Fund and the County Seizure Fund.
As a general rule, the effect of interfund activity has been eliminated from the government‐wide financial statements.
City of Anderson
NOTES TO THE FINANCIAL STATEMENTS(Continued)
Amounts reported as program revenues include: 1) charges to customers or applicants for goods, services, or privileges provided, including fees, fines and forfeitures, 2) operating grants and contributions; and, 3) capital grants and contributions. Internally dedicated resources are reported as general revenues rather than as program revenue. Likewise, general revenues include all taxes.
Proprietary funds distinguish operating revenues and expenses from nonoperating items. Operating revenues and expenses generally result from providing services and producing and delivering goods in connection with a proprietary fund’s principal ongoing operations.
The principal operating revenues of the City’s enterprise funds are charges to customers for sales and services. Operating expenses for enterprise funds include the cost of sales and services, administrative expenses, and depreciation on capital assets. All revenues and expenses not meeting this definition are reported as nonoperating revenues and expenses.
Budgets Budgets for the General Fund and special revenue funds are adopted on a basis consistent with generally accepted accounting principles (GAAP). Formal budgetary integration is employed as a management control device during the year for these funds. Proprietary fund budgeting parallels that of private business enterprises. Expenditures may not legally exceed budgeted appropriations at the fund level. The City Manager is authorized to make budget transfers within any fund (the legal level). All revisions must be reported to the City Council before the end of the fiscal year. All unencumbered and unexpended appropriations lapse at the end of the fiscal year.
Encumbrances are reappropriated in the ensuing year’s budget.
Cash and Cash Equivalents The City’s cash and cash equivalents are considered to be cash on hand, demand deposits, and highly liquid investments that are both readily convertible to known amounts of cash and (if applicable), so near (three months) their original maturity that there is insignificant risk of value changes because of interest rate changes. Funds in the State Treasurer’s Investment Pool Local Agency Investment Fund are considered cash equivalents.
All of the City’s investments at June 30, 2022, meet the above definition of cash equivalents.
The City follows the practice of pooling cash and investments of all funds, except for restricted funds required to be held separately.
Interest income earned on pooled cash and investments is allocated semi‐annually to the various funds based on monthly cash balances.
The California Government Code and the investment policy of the City authorize the City to invest in obligations, participations, or other instruments of the U.S. Government or its agencies, state and municipal bonds, commercial paper of “prime” quality of the highest ranking or of the highest letter and numerical rating as provided by Standard & Poor’s Corporation or Moody’s Investor Service, Inc., bankers’ acceptances, repurchase agreements, the State Treasurer’s Investment Pool Local Agency Investment Fund, certificates of deposit or time deposits, and passbook savings account demand deposits. Reverse repurchase agreements may be made only when prior approval of the City Council has been given.
City of Anderson
NOTES TO THE FINANCIAL STATEMENTS(Continued)
Investments are reported at fair value based on quoted market prices with realized and unrealized gains or losses reported in the statements of activities and the statements of revenues, expenditures, and changes in fund balances. The State Treasurer’s Investment Pool Local Agency Investment Fund operates in accordance with appropriate state laws and regulations. The reported value of the pool is materially equivalent to the fair value of the pool shares.
Receivables Accounts receivable consist of water and sewer billings and other miscellaneous billings. The water and sewer departments record service fees when earned with a corresponding receivable. The City also records receivables for other miscellaneous user fees and charges. Management records an allowance for doubtful accounts for all receivables which they deem uncollectible. Management determined there were no material uncollectible receivables at June 30, 2022.
Loans receivable consist of loans to individuals for housing rehabilitation and to businesses for construction and business loans.
Management considers all loans receivable to be collectible.
Taxes receivable consist of various sales and use taxes, property taxes, and special assessments. Management considers all taxes receivable to be collectible.
Inventories Proprietary fund inventories are adjusted to annual physical counts and are valued at cost, which approximates market, utilizing the weighted average method of valuation. The costs of governmental fund‐type inventories are recorded as expenditures when consumed rather than when purchased.
Prepaid Expenses Payments made to vendors for services that will benefit the City for periods beyond the current fiscal year are recorded as prepaid expenses.
Interfund Transactions and Balances During the course of operations, numerous transactions that constitute reimbursements to a fund for expenditures/expenses initially made from one fund that are properly applicable to another fund, are recorded as expenditures/expenses in the reimbursing fund and as reductions of expenditures/expenses in the fund that is reimbursed. In addition, on a less occasional basis, the City incurs transactions that constitute quasi‐external transactions between funds. These transactions are accounted for as revenues, expenditures, or expenses in the funds involved in these transactions.
City of Anderson
NOTES TO THE FINANCIAL STATEMENTS(Continued)
All other interfund transactions are reported as transfers.
Fund transfers are necessary to properly account for cash increases/decreases in the appropriate funds. Transfers include, but are not limited to, the following:
1. To allocate funds for operations;
2. To allocate funds for equipment replacement;
3. To allocate funds for capital projects.
These transactions result in short‐term interfund receivables and payables that are classified as “due from other funds” or “due to other funds” and in long‐term interfund receivables and payables that are classified as “advances to other funds” or “advances from other funds” on the balance sheet – governmental funds and statement of net position – proprietary funds. Any residual balances outstanding between the governmental activities and business‐type activities are reported in the government‐wide financial statements as “internal balances.”Restricted Assets Certain proceeds of debt issues, as well as certain reserves set aside for their repayment, are classified as restricted assets on the statement of net position and balance sheets because their use is limited by applicable bond covenants.
Noncurrent Receivables Noncurrent portions of loans and interest receivable are reported on the governmental funds balance sheet in spite of the spending measurement focus of the governmental funds. As they are not “available spendable resources,” noncurrent portions of loans receivable are offset by a reservation of fund balance, and noncurrent portions of interest receivable are offset by a corresponding deferred inflow of resources amount.
Capital Assets Capital assets are reported in the applicable governmental or business‐type activities columns in the government‐wide financial statements. Capital assets are recorded at actual historical cost or estimated historical cost if actual cost is unavailable. Donated capital assets are recorded at estimated fair value at the date of donation.
City of Anderson
NOTES TO THE FINANCIAL STATEMENTS(Continued)
Capital assets are depreciated using the straight‐line method over the following estimated useful lives:
Buildings Primarily 25 to 30 years
Improvements Primarily 10 to 30 years
Equipment Primarily 5 to 10 years
Vehicles Primarily 5 to 10 years
Furniture and fixtures Primarily 7 years
It is the policy of the City to capitalize all land, buildings, improvements, equipment, vehicles, furniture, and fixtures, except assets costing less than $5,000. The costs of normal maintenance and repairs that do not add to the value of the assets or materially extend asset lives are not capitalized. Costs of assets sold or retired (and related amounts of accumulated depreciation) are eliminated from the accounts in the year of sale or retirement and the resulting gain or loss is included in the operating statement of the related fund. Major outlays for capital assets and improvements are capitalized as projects are constructed.
The City’s capital assets include infrastructure acquired on or after July 1, 2002. GASB Statement No. 34 does not require retrospective reporting of infrastructure for the City.
Compensated Absences Vested or accumulated vacation leave, sick leave, and compensatory time are accrued in the proprietary funds and in the government‐wide statements as the benefits accrue to employees. However, a liability for these amounts is reported in the governmental funds only if they have matured, for example, as a result of employee resignations or retirements. In accordance with accounting principles generally accepted in the United States of America, no liability is recorded for nonvesting accumulated rights to receive sick pay benefits.
Deferred Outflows/Inflows of Resources In addition to assets, the statement of net position includes a separate section for deferred outflows of resources. This separate financial statement element, deferred outflows of resources, represents a consumption of net position that applies to a future period(s) which will only be recognized as an outflow of resources (expense/expenditures) in the future. In addition to liabilities, the statement of net position includes a separate section for deferred inflows of resources. This separate financial statement element, deferred inflows of resources, represents an acquisition of net position that applies to a future period(s) and would only be recognized as an inflow of resources (revenue) at that time.
City of Anderson
NOTES TO THE FINANCIAL STATEMENTS(Continued)
For the City's pension plan, City contributions subsequent to the measurement date, differences between expected and actual experience, differences due to changes in assumptions, differences due to differences in proportions, differences between projected and actual earnings on plan investments and differences between projected and actual contributions are reported as deferred outflows/inflows of resources in the government‐wide statement of net position. City contributions subsequent to the measurement date will be amortized during the next fiscal year. Differences between expected and actual experience, changes in assumptions, differences in proportions, and differences between projected and actual contributions are amortized over the estimated service lives of the pension plan participants.
Difference between projected and actual earnings on pension plan investments will be amortized over a five‐year period.
Deferred inflows of resources occur in governmental funds when a potential revenue does not meet the availability criteria for revenue recognition, such as in the case of interest receivable on deferred loans. In subsequent periods, when the availability criteria is met, the deferred inflows of resources amount is removed from the balance sheet and the revenue is recognized.
Unearned Revenues Unearned revenues arise when a potential revenue does not meet both the “measurable” and “available” criteria for recognition in the current period. Unearned revenues also arise when resources are received by the City before it has a legal claim to them, as when grant monies are received prior to the incurrence of qualifying expenditures. In subsequent periods, when both revenue recognition criteria are met, or when the City has a legal claim to the resources, the liability for unearned revenue is removed from the balance sheet and revenue is recognized.
Leases The City entered into various leases as both a lessee and a lessor.
Lessee: The City is a lessee for noncancellable leases of equipment and vehicles. The City recognizes a lease liability and an intangible right‐ to‐use lease 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 at 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 incremental borrowing rate calculated by using the Risk‐Free Rate of Return plus the Credit Spread for tax‐ exempt financing as the discount rate for leases.
City of Anderson
NOTES TO THE FINANCIAL STATEMENTS(Continued)
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.
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 with other capital assets and lease liabilities are reported with long‐term debt on the statement of net position.
Lessor: The City is a lessor for a noncancellable leases of buildings. The City recognizes a lease receivable and a deferred inflow of resources in the government‐wide and governmental fund financial statements.
At commencement of a lease, the City initially measures the lease receivable at the present value of payments expected to be received during the lease term. Subsequently, the lease receivable is reduced by the principal portion of lease payment received. The deferred inflow of resources is initially measured as the initial amount of the lease receivable, adjusted for lease payments received at or before the lease commencement date. Subsequently, the deferred inflow of resources is recognized as revenue over the life of the lease term.
Key estimates and judgement include how the City determines (1) the discount rate it uses to discount the expected lease receipt to present value, (2) lease term, and (3) lease receipts.
The City monitors changes in circumstances that would require a remeasurement of its lease, and will remeasure the lease receivable and deferred inflows of resources if certain changes occur that are expected to significantly affect the amount of the lease receivable.
The City has also entered into certain lease agreements that do not qualify for GASB Statement No. 87 accounting and reporting treatment. These leases are either short‐term in nature or outside the scope of the standard. These lease agreements have not been recognized and measured as part of the City’s lease receivable or lease payable as applicable. The receipts and expenditures related to these agreements are recognized as revenue and expense, as appropriate under standard GAAP revenue recognition rules.
Long‐Term Liabilities In the government‐wide financial statements, and proprietary fund financial statements, long‐term debt and other long‐term obligations are reported as liabilities in the statements of net position. Bond premiums and discounts are deferred and amortized over the life of the bonds using the effective interest method. Bonds payable are reported net of the applicable bond premium or discount. Bond issuance costs are expensed in the period the debt is issued.
City of Anderson
NOTES TO THE FINANCIAL STATEMENTS(Continued)
In the governmental funds financial statements, bond premiums and discounts, as well as bond issuance costs, are recognized during the current period. The face amount of debt issued is reported as other financing sources. Premiums received on debt issuances are reported as other financing sources while discounts on debt issuances are reported as other financing uses. Issuance costs, whether or not withheld from the actual debt proceeds received, are reported as debt service expenditures.
Net Pension Liability 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) plan (the Plan) and additions to/deductions from the Plan’s 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.
Net Position/Fund Equity Net position represent the difference between assets and liabilities. The City’s net position are classified as follows:
Net Investment in Capital Assets: This represents the City’s total investment in capital assets, net of outstanding debt obligations related to those capital assets. To the extent debt has been incurred but not yet expended for capital assets, such amounts are not included as a component invested in capital assets, net of related debt.
Restricted Net Position – Expendable: Restricted expendable net position represent resources which are legally or contractually obligated to be spent in accordance with restrictions imposed by external third parties.
Unrestricted Net Position: Unrestricted net position represent resources derived from taxes; licenses and permits; fines; forfeitures and penalties; and charges for services. These resources are used for transactions relating to the general operations of the City, and may be used at the discretion of the City Council to meet current expenses for any purpose.
Fund balance of governmental funds is reported in various categories based upon the nature of the spending constraints of the revenue sources of these funds. The following classifications describe the relative strength of the spending constraints:
Nonspendable Fund Balance: Amounts that are in nonspendable form (such as inventory) or are required to be maintained intact.
Restricted Fund Balance: Amounts constrained to specific purposes by their providers (such as grantors, bondholders, and higher levels of government), through constitutional provisions, or by enabling legislation.
Committed Fund Balance: Amounts constrained to specific purposes by the City itself, using its highest level of decision‐making authority (i.e., City Council). To be reported as committed, amounts cannot be used for any other purpose unless the City takes the same highest level action to remove or change the constraint.
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NOTES TO THE FINANCIAL STATEMENTS(Continued)
Assigned Fund Balance: Amounts the City intends to use for a specific purpose. Intent can be expressed by the City Council or by an official or body to which the City Council delegates the authority.
Unassigned Fund Balance: Amounts that are available for any purpose. Positive amounts are reported only in the general fund.
The City Council establishes (and modifies or rescinds) fund balance commitments by passage of an ordinance or resolution. This is typically done through adoption and amendment of the budget. A fund balance commitment is further indicated in the budget document as a designation or commitment of the fund (such as for special incentives). Assigned fund balance is established by the City Council through adoption or amendment of the budget as intended for specific purpose (such as the purchase of fixed assets, construction, debt service, or for other purposes).
When an expenditure is incurred for purposes for which both restricted and unrestricted resources are available, the City considers restricted funds to have been spent first. When an expenditure is incurred for which committed, assigned, or unassigned fund balances are available, the City considers amounts to have been spent first out of committed funds, then assigned funds, and finally unassigned funds, as needed, unless the City Council has provided otherwise in its commitment or assignment actions.
The details of the fund balances are included in Note 14.
Estimates The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the amounts reported in the basic financial statements and accompanying notes. Actual results may differ from those estimates.
Property Taxes Property taxes are assessed and collected by Shasta County. The County remits the property taxes to the City when the taxes are collected and the allocation has been determined. Property taxes attach as an enforceable lien on property as of January 1.
Taxes are levied on July 1, and are payable in two installments and become delinquent if not paid by December 10 and April 10.
The City participates in an alternative method of distribution of property tax levies and assessments known as the “Teeter Plan.” The State Revenue and Taxation Code allows counties to distribute secured real property, assessment and supplemental property taxes on an accrual basis resulting in full payment to cities each fiscal year. Any subsequent delinquent payments and related penalties and interest during a fiscal year will revert to Shasta County. The Teeter Plan payment is included in property tax revenue.
City of Anderson
NOTES TO THE FINANCIAL STATEMENTS(Continued)
Adoption of GASB Pronouncements GASB Statement No. 87, Leases, improves accounting and financial reporting for leases. Under this statement, a lessee is required to recognize a lease liability and an intangible right‐to‐use lease asset, while a lessor is required to recognize a lease receivable and a deferred inflow or resources. This statement substantially impacts the City’s lease accounting and reporting. Previously, unless a lease met specific criteria for capitalization, lessee leases were recorded as operating lease expense and lessor leases were recorded as operating lease revenue.
Change in Auditor’s Report In accordance with SAS No. 134, Auditor Reporting and Amendments, Including Amendments Addressing Disclosures in the Audit Financial Statements, the audit report format was changed to present the opinion section first, followed by the basis for opinion. The original effective date for this implementation was for audits of financial statements for periods ending on or after December 30, 2020 but was extended by SAS No. 141 to periods ending on or after December 15, 2021 with early implementation allowed. The City has implemented SAS No. 134 during the current fiscal year.
2. CASH AND CASH EQUIVALENTS
The City’s cash and cash equivalents consisted of the following:
June 30, 2022Cash on hand and in banks $ 4,470,188
State of California ‐ Local Agency Investment Fund (LAIF) 11,135,513 Union Bank of California money market funds:
Fidelity Institutional Government share CL‐1 1
U.S. Bank money market funds:
Fidelity Government Portfolio Class I Money Market Fund 489,387 Subtotal 16,095,089
Less: Fiduciary funds cash and cash equivalents 3,294,349 Total City‐Wide Cash and Cash Equivalents $ 12,800,740
City of Anderson
NOTES TO THE FINANCIAL STATEMENTS(Continued)
Cash and cash equivalents are displayed on the government‐wide statement of net position as follows:
June 30, 2022Cash and cash equivalents $ 12,779,553Restricted cash and cash equivalents 21,187 Total $ 12,800,740
Custodial Credit RiskCustodial credit risk for deposits is the risk that, in the event of the failure of a depository financial institution, a government will not be able to recover its deposits or will not be able to recover collateral securities that are in the possession of an outside party. The California Government Code has provisions for financial institutions that limit custodial credit risk for deposits. Financial institutions are required to secure deposits made by state or local governmental units by pledging securities in an undivided collateral pool held by a depository regulated under state law. The market value of the pledged securities in the collateral pool must equal at least 110% of the total amount deposited by the public agencies. California law also allows financial institutions to secure City deposits by pledging first trust deed mortgage notes having a value of 150% of the secured public deposits. The City’s financial institutions also have insurance through the Federal Depository Insurance Corporation (FDIC). The City’s investment policy has no additional provisions for limiting custodial credit risk for deposits.
Interest Rate RiskWhile the City’s investment policy does not address interest rate risk, the City manages its exposure to interest rate risks through reliance on the managers of Local Agency Investment Fund (LAIF).
Equity in Pooled Cash and InvestmentsThe City invests funds in the State Treasurer’s Pooled Money Investment Account (PMIA) through LAIF, a voluntary program created by statute in 1977. The PMIA has regulatory oversight from the Pooled Money Investment Board and an in‐house Investment Committee. TheLocal Agency Investment Advisory Board has oversight of LAIF. The fair value of the City’s position in the pool is materially equivalent to the value of pool shares. LAIF is an unrated external investment pool.
City of Anderson
NOTES TO THE FINANCIAL STATEMENTS(Continued)
In accordance with authorized investment laws, the State Treasurer’s Investment Pool (LAIF) invests in various structured notes and mortgage‐backed securities, such as collateralized mortgage obligations. As of June 30, 2022, 1.88% of LAIF’s investment portfolio was invested in structured notes and other asset‐backed securities. In addition, PMIA’s weighted average maturities was 1.07 years at June 30, 2022. (Copies of a report of LAIF’s investments may be obtained from the State Treasurer’s Office; Local Agency Investment Fund; P. O. Box 942809; Sacramento, CA 94209‐0001).
3. CAPITAL ASSETS
Capital asset activity is summarized as follows:Governmental Activities Beginning Ending
Year Ended June 30, 2022 Balance Additions Deletions Transfers Balance Nondepreciable Capital Assets
Land 2,902,940 $ ‐ $ ‐ $ ‐ $ $ 2,902,940 Construction in progress 190,469 ‐ 888,415 (968,799) 110,085 Total Nondepreciable Capital Assets 3,093,409 ‐ 888,415 (968,799) 3,013,025Depreciable Capital Assets Buildings 5,095,365 ‐ 34,071 ‐ 5,129,436 Improvements 30,047,092 ‐ 301,540 968,799 31,317,431 Equipment 3,601,254 560,102 ‐ 145,401 4,015,955 Right‐to‐use leased equipment ‐ ‐ 165,059 ‐ 165,059 Right‐to‐use leased vehicles ‐ ‐ 843,014 ‐ 843,014 Total Depreciable Capital Assets 38,743,711 1,903,786 145,401 968,799 41,470,895 Less: Accumulated Depreciation
Buildings 3,075,484 ‐ 99,019 ‐ 3,174,503 Improvements 11,121,003 ‐ 1,061,914 ‐ 12,182,917 Equipment 2,917,397 214,609 ‐ 134,756 2,997,250Right‐to‐use leased equipment ‐ ‐ 26,142 ‐ 26,142 Right‐to‐use leased vehicles ‐ ‐ 155,802 ‐ 155,802 Total Less: Accumulated Depreciation 17,113,884 1,557,486 ‐ 134,756 18,536,614 Depreciable Capital Assets ‐ Net 21,629,827 346,300 10,645 968,799 22,934,281 Governmental Capital Assets ‐ Net $ 24,723,236 $ 1,234,715 $ ‐ 10,645 $ $ 25,947,306 City of Anderson
NOTES TO THE FINANCIAL STATEMENTS(Continued)
Depreciation expense was charged to functions as follows:
Year Ended June 30, 2022
Governmental Activities
General government $ 28,400
Public safety 35,567
Public works 708,510
Community development 602,164Recreation and cultural 182,845Total Governmental Activities Depreciation Expense $ 1,557,486 Business‐Type Activities
Beginning Ending
Year Ended June 30, 2022 Balance Additions Deletions Transfers Balance Nondepreciable Capital Assets
Construction in progress $ ‐ $ ‐ 287,550 $ ‐ $ $ 287,550 Total Nondepreciable Capital Assets ‐ ‐ 287,550 ‐ 287,550 Depreciable Capital Assets
Buildings 914,788 ‐ ‐ ‐ 914,788 Improvements 22,134,082 ‐ 587,894 ‐ 22,721,976 Equipment 938,100 ‐ 45,513 ‐ 983,613 Total Depreciable Capital Assets 23,986,970 ‐ 633,407 ‐ 24,620,377 Less: Accumulated Depreciation
Buildings 749,832 ‐ 15,876 ‐ 765,708 Improvements 12,308,763 ‐ 474,287 ‐ 12,783,050 Equipment 503,199 ‐ 47,078 ‐ 550,277 Total Less: Accumulated Depreciation 13,561,794 ‐ 537,241 ‐ 14,099,035 Depreciable Capital Assets ‐ Net 10,425,176 ‐ 96,166 ‐ 10,521,342Business‐Type Capital Assets ‐ Net $ 10,425,176 $ ‐ 383,716 $ ‐ $ $ 10,808,892 City of Anderson
NOTES TO THE FINANCIAL STATEMENTS(Continued)
Depreciation expense was charged to functions as follows:
Year Ended June 30, 2022
Business‐Type Activities
Water $ 231,891
Sewer 305,350
Total Business‐Type Activities Depreciation Expense $ 537,241
4. LEASES
Lessor Lease ReceivablesOn July 1, 2021, the City entered into a 30‐month lease as Lessor for the use of 2801 Silver Street. An initial lease receivable was recorded in the amount of $29,767. As of June 30, 2022, the value of the lease receivable is $17,908. The lessee is required to make monthly fixed payments of $1,000. The lease has an interest rate of 0.6450%. The value of the deferred inflow of resources as of June 30, 2022 was $17,860, and the City recognized lease revenue of $11,907 during the fiscal year.
On July 1, 2021, the City entered into a 108‐month lease as Lessor for the use of real property identified as Parcel Two (APN 201‐740‐063).
An initial lease receivable was recorded in the amount of $20,332. As of June 30, 2022, the value of the lease receivable is $18,209. The lessee is required to make monthly fixed payments of $200. The lease has an interest rate of 1.5690%. The value of the deferred inflow of resources as of June 30, 2022 was $18,087, and the City recognized lease revenue of $2,245 during the fiscal year.
On July 1, 2021, the City entered into a 164‐month lease as Lessor for the use of 2800 Douglas Street. An initial lease receivable was recorded in the amount of $7,270. As of June 30, 2022, the value of the lease receivable is $6,787. The lessee is required to make monthly fixed payments of $50. The lease has an interest rate of 1.8110%. The value of the deferred inflow of resources as of June 30, 2022 was $6,738, and the City recognized lease revenue of $532 during the fiscal year.
On July 1, 2021, the City entered into a 270‐month lease as Lessor for the use of 1266 Aspen Drive. An initial lease receivable was recorded in the amount of $241,652. As of June 30, 2022, the value of the lease receivable is $233,829. The lessee is required to make annual fixed payments of $10,350. The lease has an interest rate of 2.0920%. The value of the deferred inflow of resources as of June 30, 2022 was $230,911, and the City recognized lease revenue of $10,740 during the fiscal year. The lessee has 4 extension option(s), each for 60 months.
City of Anderson
NOTES TO THE FINANCIAL STATEMENTS(Continued)
Future annual lease receivables as of June 30, 2022 are as follows:
Year Ending June 30 Principal Interest Principal Interest 2023 19,989 $ $ ‐ 5,361 $ ‐ $ 2024 15,767 ‐ 5,136 ‐ 2025 9,970 ‐ 4,932 ‐ 2026 10,166 ‐ 4,736 ‐ 2027 10,366 ‐ 4,536 ‐ 2028‐2032 57,673 ‐ 19,381 ‐ 2033‐2037 64,903 ‐ 13,350 ‐ 2038‐2042 72,481 ‐ 6,224 ‐ 2043‐2047 15,419 323Total Future Lease Receivables $ 276,734 $ ‐ 63,979 $ ‐ $ Governmental Activities Business‐Type Activities
The City has also entered into certain lessor lease agreements that do not qualify for GASB Statement No. 87 accounting and reporting treatment. These leases were outside the scope of the standard. These lease agreements have not been recognized and measured as part of the City’s lease receivable, and the receipts related to these agreements are recognized as revenue as appropriate under the standard GAAP revenue recognition rules.
Lessee Lease PayablesOn July 1, 2021, the City entered into 10 vehicle lease agreements, which meet the lease criteria as defined by GASB Statement No. 87, Leases. The City entered into 11 additional vehicles leases during the fiscal year. The vehicle leases cover various ranges with the latest expiring on June 24, 2026. An initial lease liability was recorded in the amount of $843,014. As of June 30, 2022, the value of the lease liability is $626,092. The City is required to make monthly payments ranging form $432 to $1,425 with interest rates ranging from 0.5280% to 2.4560%. The value of the right to use asset as of June 30, 2022, of $843,014 with accumulated amortization of $155,802 is included in the right to use leased vehicles in the table on Note 3.
On July 1, 2021, the City entered into a 114‐month lease as Lessee for the use of Anderson CA2 Tower Site. An initial lease liability was recorded in the amount of $100,221. As of June 30, 2022, the value of the lease liability is $90,278. The City is required to make monthly fixed payments of $975. The lease has an interest rate of 1.6700%. The value of the right to use asset as of June 30, 2022, of $100,221 with accumulated amortization of $10,550 is included in the right to use leased equipment in the table on Note 3.
City of Anderson
NOTES TO THE FINANCIAL STATEMENTS(Continued)
On October 25, 2021, the City entered into a 63‐month lease as Lessee for the use of Postage Meters. An initial lease liability was recorded in the amount of $20,833. As of June 30, 2022, the value of the lease liability is $17,877. The City is required to make quarterly fixed payments of $1,015. The lease has an interest rate of 0.9120%. The value of the right to use asset as of June 30, 2022, of $20,833 with accumulated amortization of $2,712 is included in the right to use leased equipment in the table on Note 3.
On July 1, 2021, the City entered into a 32‐month lease as Lessee for the use of a Xerox Copier. An initial lease liability was recorded in the amount of $20,331. As of June 30, 2022, the value of the lease liability is $12,744. The City is required to make monthly fixed payments of $641. The lease has an interest rate of 0.6450%. The value of the right to use asset as of June 30, 2022, of $20,331 with accumulated amortization of $7,530 is included in the right to use leased equipment in the table on Note 3.
On July 1, 2021, the City entered into a 53‐month lease as Lessee for the use of a Postage Meter Inserter. An initial lease liability was recorded in the amount of $23,674. As of June 30, 2022, the value of the lease liability is $18,165. The City is required to make quarterly fixed payments of $1,417. The lease has an interest rate of 0.8070%. The value of the right to use asset as of June 30, 2022, of $23,674 with accumulated amortization of $5,350 is included in the right to use leased equipment in the table on Note 3.
The future principal and interest lease payments as of June 30, 2022, are as follows:
Year Ending June 30 Principal Interest Principal Interest 2023 294,302 $ $ ‐ 8,383 $ ‐ $ 2024 171,692 ‐ 5,917 ‐ 2025 148,456 ‐ 3,741 ‐ 2026 99,321 ‐ 1,724 ‐ 2027 12,679 ‐ 750 ‐ 2028‐2032 38,706 ‐ 1,170 ‐ Total Future Lease Commitments $ 765,156 $ ‐ 21,685 $ ‐ $ Governmental Activities Business‐Type Activities
The City has also entered into certain lessee lease agreements that do not qualify for GASB Statement No. 87 accounting and reporting treatment. These leases were outside the scope of the standard. These lease agreements have not been recognized and measured as part of the City’s lease payable. The City leases several assets which are contracts that transfer ownership. The underlying assets are reported as capital assets and the related debt as a financing lease in long‐term liabilities. See Footnote 5 for further disclosure.
City of Anderson
NOTES TO THE FINANCIAL STATEMENTS(Continued)
5. LONG‐TERM LIABILITIES
The City has outstanding revenue bonds and notes from direct borrowings related to governmental activities totaling $2,412,000 and $884,893 , respectively, and notes from direct borrowings related to business‐type activities totaling $166,500.
Following is a summary of changes in long‐term liabilities:
Amount of
Original Beginning Ending Due Within
Year Ended June 30, 2022 Issuance Balance Additions Reductions Balance One Year Governmental ActivitiesRevenue bonds:
Limited Obligation Improvement Bonds, Series 2001 2,076,000 $ $ ‐ 1,502,000 $ $ 45,000 $ 1,457,000 $ 47,000 CSDA Wastewater Revenue Bonds, Series 2007A 1,600,000 $ ‐ 1,015,000 60,000 955,000 60,000 Total Revenue Bonds ‐ 2,517,000 105,000 2,412,000 107,000 Governmental Activities ‐ Direct BorrowingsLoans payable:
CalPERS Refunding loan 3,569,908 $ ‐ 218,783 ‐ 218,783 ‐ Financing leases:
Financing lease ‐ California Infrastructure and
Economic Development Bank 1,000,000 $ ‐ 643,898 31,719 612,179 32,698 Financing lease ‐ Redding Joint Powers Authority 101,881 $ ‐ 19,935 6,484 13,451 6,539 Financing lease ‐ Municipal Finance Corporation (Backhoe) 106,701 $ ‐ 22,577 ‐ 22,577 ‐ Financing lease ‐ Tri‐Counties Bank 66,295 $ ‐ 29,965 16,993 12,972 12,972 Financing lease ‐ Municipal Finance Corporation (Sweeper) 304,156 $ ‐ 304,156 57,865 246,291 59,311 Total Financing Leases 1,020,531 ‐ 135,638 884,893 111,520 Notes payable:
Tri Counties Bank ‐ The Oaks Loan 1,050,000 $ ‐ 2,414 ‐ 2,414 ‐ Total Notes Payable ‐ 2,414 ‐ 2,414 ‐ Total Governmental Activities ‐ Direct Borrowings ‐ 1,241,728 356,835 884,893 111,520 Other liabilities:
Leases payable ‐ 1,008,073 242,917 765,156 294,302
Compensated absences 373,570 535,148 479,141 429,577 110,285 Total Other Liabilities 373,570 1,543,221 722,058 1,194,733 404,587 Total Governmental Activities $ 4,132,298 $ 1,543,221 $ 1,183,893 $ 4,491,626 $ 623,107 City of Anderson
NOTES TO THE FINANCIAL STATEMENTS(Continued)
Original Beginning Ending Due Within
Year Ended June 30, 2022 Issuance Balance Additions Reductions Balance One Year Business‐Type ActivitiesCertificates of participation:
2001 Wastewater System Improvements
Certificates of participation 232,570 $ $ ‐ 171,500 $ $ 5,000 $ 166,500 $ 5,000 Business Activities ‐ Direct Borrowings
Loans payable:
CalPERS Refunding loan 546,758 $ ‐ 34,507 ‐ 34,507 ‐ Total Business Activities ‐ Direct Borrowings ‐ 34,507 ‐ 34,507 ‐ Other liabilities:
Compensated absences 51,692 57,666 49,760 59,598 14,899 Total Business‐Type Activities 257,699 57,666 89,267 226,098 19,899 Total Long‐Term Liabilities $ 4,389,997 $ 1,600,887 $ 1,273,160 $ 4,717,724 $ 643,006 Revenue Bonds2,076,000 Limited Obligation Improvement Bonds, Series 2001 Issued November 14, 2001, for the purpose of installation and construction of certain sewer and storm drain improvements in the Riverside Avenue Assessment District, payable from pledged property tax assessments and secured by sewer revenues. The balance is due in annual installments of $39,358 to $106,000 through September 2, 2041, bearing an interest rate of 4.375% payable semi‐annually on March 2 and September 2. Principal and interest paid for the current year was $109,728, while total pledged revenues were $1,764,539. Total principal and interest remaining on the bonds is $2,184,059 which is the amount of the remaining property tax assessments pledged.
City of Anderson
NOTES TO THE FINANCIAL STATEMENTS(Continued)
1,600,000 California Statewide Communities Development Authority Wastewater Revenue Bonds, Series 2007A Issued December 1, 2007, to finance the construction of additional emergency storage capacity of an additional 3 million gallons, payable from sewer usage charges levied with property tax assessments. The balance is due in annual installments of $35,000 to $100,000 through October 1, 2033, bearing interest rates of 4.000% to 4.700% payable semi‐annually on April 1 and October 1. Principal and interest paid for the current year was $105,245 while pledged revenues were $1,764,539. Total principal and interest remaining on the bonds is $1,243,822, which is the amount of the remaining sewer usage charges pledged.
Certificates of Participation232,570 2001 Wastewater System Improvements Certificates of Participation Issued November 1, 2001, for the purpose of financing capital improvements to the wastewater system, payable from pledged sewer usage charges. The balance is payable in annual installments of $2,070 to $12,500 through September 2, 2041, bearing an interest rate of 4.750% payable semi‐annually on March 2 and September 2. Principal and interest paid for the current year was $13,028 while total pledged revenues were $1,764,539. Total principal and interest remaining on the certificates is $257,926 which is the amount of the remaining sewer usage charges pledged.
Loans Payable – Direct Borrowings4,116,666 Umpqua Bank – CalPERS Refunding Loan Issued December 7, 2012, the City refinanced an existing $4.12 million pension side fund obligation for its participation in the California Public Employees Retirement System (CalPERS). This obligation had not previously been reported in the financial statements as it was computed by CalPERS as a component of annual retirement expense. The pension side fund liability was being amortized through 2022. The loan was collateralized by a pledge of gross revenues of the City. The balance was payable in annual installments of $137,000 to $293,000 through June 30, 2022, bearing an interest rate of
4.50% payable semi‐annually on December 30 and June 30. Principal and interest paid in the current year was $274,146, while total pledged revenues were $13,874,237. The balance of the note and all remaining accrued interest were paid off as of June 30, 2022.
City of Anderson
NOTES TO THE FINANCIAL STATEMENTS(Continued)
Financing Leases – Direct Borrowings1,000,000 Financing Lease – California Infrastructure and Economic Development Bank Issued September 1, 2006, for the purpose of the construction, acquisition, and installation of the Anderson Teen Center/Shasta County Public Health Building. The balance is due in annual installments of $20,715 to $50,068 through August 1, 2036, bearing an interest rate of 3.09% payable semi‐annually on February 1 and August 1. 101,881 Financing Lease – Redding Joint Powers Financing Authority Issued June 1, 1993, for the purpose of the purchase of an undivided five percent interest in a regional dispatch center. The balance is due in annual installments of $3,639 to $7,435 through March 1, 2023, bearing interest rates of 2.00% to 5.00%, payable semi‐annually on September 1 and March 1.
106,701 Financing Lease – Municipal Finance Corporation (Backhoe) Issued April 1, 2016, for the purpose of the purchase of a CASE loader backhoe. The balance was due in annual installments of $23,232 through April 1, 2022, bearing an interest rate of 2.90%, payable annually on April 1. The financing lease was collateralized by a pledge of grand funds received from the State of California under the California Clean Energy Jobs Act by the City. The balance of the lease was paid off in April 2022. 66,295 Financing Lease – Tri‐Counties Bank
Issued March 20, 2019, for the purpose of the purchase of two Ford F‐250 trucks. The balance is due in monthly installments of $738 through March 20, 2023, bearing an interest rate of 3.24%, payable monthly on the 20th day of the month. The financing lease is collateralized by the vehicles.
304,156 Financing Lease – Municipal Finance Corporation (Sweeper) Issued October 16, 2020, for the purpose of the purchase of a sweeper truck. The balance is due in annual installments of $65,469 through January 22, 2026, bearing an interest rate of 2.50%, payable annually on January 22. The financing lease is collateralized by the sweeper truck.
City of Anderson
NOTES TO THE FINANCIAL STATEMENTS(Continued)
Notes Payable – Direct Borrowings1,050,000 Tri Counties Bank – The Oaks Loan Original loan was for $1,050,000, the loan was modified on October 15, 2004, to $338,846 (as a significant portion of the underlying property was sold for $700,000 and the proceeds were used to pay down the loan), unsecured, payable in monthly installments of $2,713 bearing an interest rate of 6.100%. The balance of the note and all remaining accrued interest were paid off on July 17, 2021.
Interest ExpenseThe total interest incurred for the year ended June 30, 2022, was $143,394. Interest charged to expense has been included as a component of the direct expenses of individual functions on the government‐wide statement of activities as the underlying debt has objectives that can be connected to specific programs.
Bonds and Direct Borrowings SummaryAnnual debt service requirements to maturity for the bonds and direct borrowings are as follows:
Governmental Activities
Bonds Direct Borrowings
Year Ending June 30 Principal Interest Total Principal Interest Total 2023 107,000 $ $ 105,261 $ 212,261 $ 111,520 $ 25,116 $ 136,636 2024 114,000 100,348 214,348 94,503 22,060 116,5632025 121,000 95,123 216,123 97,064 19,482 116,546 2026 124,000 89,676 213,676 99,696 16,834 116,5302027 131,000 84,008 215,008 36,931 14,113 51,0442028‐2032 738,000 325,640 1,063,640 202,493 52,450 254,9432033‐2037 589,000 160,657 749,657 242,686 18,658 261,344 2038‐2042 488,000 55,169 ‐ 543,169 ‐ ‐ Total $ 2,412,000 $ 1,015,882 $ 3,427,882 $ 884,893 $ 168,713 $ 1,053,606 City of Anderson
NOTES TO THE FINANCIAL STATEMENTS(Continued)
Business Activities
Bonds Direct Borrowings
Year Ending June 30 Principal Interest Total Principal Interest Total 2023 5,000 $ $ 7,790 $ ‐ 12,790 $ ‐ $ ‐ $ 2024 5,500 7,541 ‐ 13,041 ‐ ‐2025 5,500 7,279 ‐ 12,779 ‐ ‐2026 6,000 13,728 ‐ 19,728 ‐ ‐2027 6,000 6,424 ‐ 12,424 ‐ ‐2028‐2032 36,000 27,039 ‐ 63,039 ‐ ‐ 2033‐2037 45,000 17,041 ‐ 62,041 ‐ ‐ 2038‐2042 57,500 4,584 ‐ 62,084 ‐ ‐ Total $ 166,500 $ 91,426 $ ‐ 257,926 $ ‐ $ ‐ $
6. SELF‐INSURANCE
The City is a member of the Northern California Cities Workers’ Compensation Fund, a Joint Powers Authority (JPA), for the purpose of providing a banking plan for member cities to provide their own workers’ compensation insurance. In July 1981, the JPA instituted a program for the provision of liability insurance. In 1987, the JPA was rewritten and renamed the Northern California Cities Self Insurance Fund to combine and update the coverages of the plans. There has been no significant reduction in any of the insurance coverages from the prior year. Settled claims resulting from these programs have not exceeded insurance coverage in each of the past three fiscal years.
The current agreement is as follows:
The Workers’ Compensation Program comprises a banking or deductible layer for claims up to $100,000 and a shared risk pool for claims from $100,000 to $500,000. Excess coverage is provided for claims over the shared risk layer up to the statutory limit for workers’ compensation and $5,000,000 for employers’ liability. The liability program comprises a banking or deductible layer for claims up to $50,000 and a shared risk pool for claims from $50,000 to $500,000. Excess coverage is provided for claims over the shared risk layer up to $40,000,000.
City of Anderson
NOTES TO THE FINANCIAL STATEMENTS(Continued)
Each member city is assessed a contribution which is intended to cover its share of the Authority’s claims, operating costs and claim settlement expenses. Contributions are based on an actuarially determined rate for each coverage layer (pool), based on an estimate of the probable losses and expenses to be borne by that pool for the claim year. Additional cash contributions may be assessed on the basis of adverse loss experience. Refunds to members may be made if funds are determined to be surplus as a result of an actuarial study.
The banking or deductible layer is the member’s deductible portion of each claim. As part of its services to members, a portion of the members’ contributions is used to pay their deductibles. If a member’s balance is insufficient, the Authority advances the necessary amounts and bills the member in the following year. Excess balances may likewise be used to offset subsequent year contributions.
The City uses internal service funds to account for the costs of self‐insurance. While the ultimate amount of the costs of self‐insurance through June 30, 2022, is dependent on future developments, City management believes that the aggregate premiums paid to the JPA are adequate to cover the City’s losses through June 30, 2022, including incurred but not reported claims (IBNRs). Claims paid for the workers’ compensation and general liability programs for the fiscal year ended June 30, 2022, were $69,771 and $62,243, respectively.
As of June 30, 2022, the JPA reported that the City has a surplus in its workers’ compensation program in the amount of $147,914 and a deficit in its general liability program in the amount of $79,481. Both of these amounts have been combined and presented as a prepaid expense in the City’s financial statements.
City of Anderson
NOTES TO THE FINANCIAL STATEMENTS(Continued)
7. INTERFUND RECEIVABLES, PAYABLES, AND TRANSFERS
The following is a summary of interfund balances:
Due From Due To Internal
June 30, 2022 Other Funds Other Funds Balances
Governmental ActivitiesGeneral Fund $ ‐ 2,187,366 $ $ 2,187,366 Gas Tax Fund ‐ 386,063 386,063ADAP and Home Fund 862,371 12,464 849,907 CDBG Fund 12,464 544,450 (531,986)
Low and Mod Income Housing Fund ‐ 1,007,003 (1,007,003) Parks Capital Fund ‐ ‐ ‐ Nonmajor Governmental Funds 31,890 531,798 (499,908)
Internal Service Fund ‐ 1,535,615 (1,535,615)
Special Purpose Private Activity Trust ‐ 178,379 (178,379) Total Governmental Activities 3,480,154 3,809,709 (329,555) Business‐Type Activities
Water Fund ‐ 314,475 314,475Sewer Fund ‐ 15,080 15,080 Total Business‐Type Activities ‐ 329,555 329,555Total Government‐Wide Statement $ 3,809,709 $ ‐ 3,809,709 $ City of Anderson
NOTES TO THE FINANCIAL STATEMENTS(Continued)
Advances
Advances To From Other Internal
June 30, 2022 Other Funds Funds Balances
Governmental ActivitiesLow and Mod Income Housing Fund $ ‐ $ 815,449 $ (815,449) Nonmajor Governmental Funds 120,485 ‐ 120,485 Total Governmental Activities 120,485 815,449 (694,964) Business‐Type Activities
Sewer Fund ‐ 694,964 694,964
Total Business‐Type Activities ‐ 694,964 694,964 Total Government‐Wide Statement $ 815,449 $ ‐ 815,449 $ TransfersThe following is a summary of transfers:
Operating Operating
June 30, 2022 Transfers In Transfers Out Transfers
Governmental Activities
Gas Tax Fund $ ‐ $ 14,400 $ (14,400)
Riverside East Debt Service Fund 409 ‐ 409 Nonmajor Governmental Funds 119,644 ‐ 119,644 Total Governmental Activities 120,053 14,400 105,653
Business‐Type ActivitiesSewer Fund ‐ 105,653 (105,653)Total Business‐Type Activities ‐ 105,653 (105,653) Total Government‐Wide Statement $ 120,053 $ ‐ 120,053 $ City of Anderson
NOTES TO THE FINANCIAL STATEMENTS(Continued)
The City’s routine transfers include transfers made to move: (a) unrestricted revenues or balances that have been collected or accumulated in the General Fund to other funds based on budgetary authorization; and, (b) revenues from a fund that by statute or budgetary authority must collect them to funds that are required by statute or budgetary authority to expend them. All transfers during the year were routine and all balances are expected to be collected in the subsequent year.
8. PENSION OBLIGATION
Qualified employees are covered under a cost‐sharing, multiple‐employer defined benefit pension plan maintained by the California Public Employees’ Retirement System (CalPERS).
Plan DescriptionsAll full‐time employees are eligible to participate in CalPERS, a cost‐sharing, multiple‐employer contributory public employee retirement system that acts as a common investment and administrative agent for participating public entities within the State of California. The City is part of “cost‐sharing” pools within CalPERS. The Public Employees’ Retirement Law (Part 3 of the California Government Code, Section 20000 et seq.) establishes benefit provisions for CalPERS. CalPERS issues a publicly available financial report that can be obtained at www.calpers.ca.gov.
Benefits ProvidedCalPERS provides service retirement and disability benefits, annual cost of living adjustments and death benefits to plan members.
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 for retirement as early as age 50 with statutorily reduced benefits. All members are eligible for non‐duty disability benefits after 10 years of service. The provisions and benefits of the various plans of the city in effect at June 30, 2022, is as follows:
City of Anderson
NOTES TO THE FINANCIAL STATEMENTS(Continued)
Prior to Prior to
January 1, 2013 January 1, 2013 On or After
Hire Date (Tier 1) (Tier 2) January 1, 2013
Benefit formula 2% at 55 2.7% at 55 2% at 62
Benefit vesting schedule 5 years 5 years 5 years
Benefit payments monthly for life monthly for life monthly for life Retirement age 50‐63 50‐70 52‐67Monthly benefits (as a % of eligible compensation) 1.4% to 2.4% 2.0% to 2.7% 1.0% to 2.5% Required employee contribution rate 10.00% 9.00% 8.75%
Required employer contribution rate 14.02% 8.34% 5.59%
Miscellaneous
Prior to April, 1, 2012 to On or After
Hire Date March 31, 2012 December 31, 2012 January 1, 2013 Benefit formula 3% at 50 3% at 55 2.7% at 57
Benefit vesting schedule 5 years 5 years 5 years
Benefit payments monthly for life monthly for life monthly for life Retirement age 50 50‐55 50‐57
Monthly benefits (as a % of eligible compensation) 3.0% 2.4% to 3.0% 2.0% to 2.7% Required employee contribution rate 12.00% 12.00% 16.00% Required employer contribution rate 19.48% 17.59% 10.13% Safety ‐ Police
City of Anderson
NOTES TO THE FINANCIAL STATEMENTS(Continued)
ContributionsSection 20814(c) of the California Public Employees’ Retirement Law requires that the employer contribution rates for all public employees 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 rate is 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. Employer contributions for the year ended June 30, 2022, were $841,610 and $696,062, for the Miscellaneous and Safety plans, respectively.
Pension Liabilities, Pension Expense, and Deferred Outflows of Resources and Deferred Inflows of Resources Related to Pensions
At June 30, 2022, the City reported a net pension liability of $8,703,954 for its proportionate share of the net pension liability. This breakdown of the net pension liability between the Miscellaneous and Safety plans is $5,460,213, and $3,243,741, respectively. The net pension liability was measured as of June 30, 2021, and the total pension liability used to calculate the net pension liability was determined by an actuarial valuation as of June 30, 2020, rolled forward to June 30, 2021, using standard update procedures. The City’s proportion of the net pension liability was based on a projection of the City’s long‐term share of contributions to the pension plan relative to the projected contributions of all participating cities and the State, actuarially determined. At June 30, 2021, the City’s proportion was
0.0015065 for the miscellaneous plans and 0.0007354 for the safety‐police plans.
City of Anderson
NOTES TO THE FINANCIAL STATEMENTS(Continued)
Pension Expense and Deferred Outflows/Inflows of Resources Related to PensionsFor the year ended June 30, 2022, the City recognized pension expense of $659,514. The City reported deferred outflows of resources and deferred inflows of resources related to pensions from the following sources:
Miscellaneous Deferred Deferred
Outflows Inflows
June 30, 2022 Resources Resources
Deferred contributions $ ‐ 841,610 $
Differences between expected and actual experience 612,305 ‐ Differences due to changes in actuarial assumptions ‐ ‐ Differences due to differences in proportions 2,131,344 102,509 Differences between projected and actual earnings
on pension plan investments ‐ 4,766,477
Differences between projected and actual contributions ‐ 270,146 Total $ 3,585,259 $ 5,139,132
Safety Deferred Deferred
Outflows Inflows
June 30, 2022 Resources Resources
Deferred contributions $ ‐ 696,062 $
Differences between expected and actual experience 554,190 ‐ Differences due to changes in actuarial assumptions ‐ ‐ Differences due to differences in proportions 534,191 ‐ Differences between projected and actual earnings
on pension plan investments ‐ 1,930,650
Differences between projected and actual contributions ‐ 240,223 Total $ 1,784,443 $ 2,170,873
City of Anderson
NOTES TO THE FINANCIAL STATEMENTS(Continued)
Amounts of $841,610 and $696,062 reported as deferred outflows of resources related to contributions subsequent to the measurement date for the miscellaneous and safety plans, respectively, will be recognized as a reduction of the net pension liability in the year ended June 30, 2022. Other amounts reported as deferred outflows of resources and deferred inflows of resources related to pension will be recognized as pension expense as follows:
Miscellaneous Year Ending June 30
2023 $ (285,479)
2024 (261,890)2025 (530,907)2026 (1,317,207)
2027 ‐
Thereafter ‐
Total $ (2,395,483)
Safety Year Ending June 30
2023 $ (90,364)2024 (156,393)2025 (304,448)2026 (531,287)2027 ‐ Thereafter ‐
Total $ (1,082,492)
City of Anderson
NOTES TO THE FINANCIAL STATEMENTS(Continued)
Actuarial AssumptionsThe total pension liability in the June 30, 2020, actuarial valuation for each plan for CalPERS was determined using the following actuarial assumptions, applied to all periods included in the measurement:
June 30, 2022Valuation date June 30, 2020
Measurement date June 30, 2021
Actuarial cost method Entry Age Normal
Actuarial assumptions:
Discount rate 7.15%Inflation 2.50%Payroll growth 2.75%
Salary increases Varies by entry age and service
Investment rate of return 7.00%, net of pension plan investment and administrative expenses; includes inflation CalPERS uses custom mortality tables to best fit the patterns of mortality among its members. The mortality table used was developed based on CalPERS specific data. The table includes 15 years of projected mortality improvement using 90% of Scale MP 2016 published by the Society of Actuaries.
The actuarial assumptions used in the June 30, 2020, valuation were based on the results of an actuarial experience study from the June 30, 2020, funding valuation report.
City of Anderson
NOTES TO THE FINANCIAL STATEMENTS(Continued)
Discount RateThe discount rate used to measure the total pension liability was 7.15% for each plan. The amortization and smoothing periods recently adopted by the Board were utilized to determine whether the municipal bond rate should be used in the calculation of a discount rate. A projection of expected benefit payments and contributions was performed to determine if the assets would run out. The test revealed the assets would not run out. Therefore, the long‐term expected rate of return on pension plan investments was applied to all periods of projected benefit payments to determine the total pension liability. The stress test results are presented in a detailed report entitled, “GASB Crossover Testing Report” that can be obtained on the CalPERS’ website.
According to Paragraph 30 of GASB Statement No. 68, the long‐term discount rate should be determined with reduction for pension plan administrative expense. The 7.00% investment return assumption used in the accounting valuation is net of administrative expenses.
Administrative expenses are assumed to be 15 basis points. An investment return, excluding administrative expenses, would have been
7.15%. Using this lower discount rate has resulted in a slightly higher total pension liability and net pension liability. CalPERS checked the materiality threshold for the difference in the calculation and did not find it to be a material difference.
CalPERS is scheduled to review all actuarial assumptions as part of its regular Asset Liability Management (ALM) review cycle. Any changes to the discount rate will require Board action and proper stake holder outreach. For these reasons, CalPERS expects to continue using a discount rate net of administrative expenses for GASB Statement No. 67 and GASB Statement No. 68 calculations. CalPERS will continue to check the materiality of the difference in the calculation until the methodology is changed.
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, staff 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 of the funds’ asset classes, expected compound returns were calculated over the short‐term (first 10 years) and the long‐term (11 to 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 long‐term 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.
The table below reflects 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.
City of Anderson
NOTES TO THE FINANCIAL STATEMENTS(Continued)
Target Rate of Return
Allocation Years 1‐10* Years 11+**
Asset ClassPublic equity 50% 4.80% 6.00%Global fixed income 28% 1.00% 2.62% Real assets 13% 3.75% 4.93%Private equity 8% 6.30% 7.23%Liquidity 1% 0.00% ‐0.92%Inflation sensitive 0% 0.77% 1.81%Total 100% Sensitivity of the Net Pension Liability to the Changes in the Discount RateThe following presents the net pension liability of the Plan, calculated using the discount rate of 7.15%, as well as what the net pension liability would be if it were calculated using a discount rate that is one percentage point lower (6.15%) or one percentage point higher (8.15%) than the current rate:
Current
1% Decrease Discount 1% Increase
(6.15%) Rate (7.15%) (8.15%)
Plan's Net Pension Liability ‐ Miscellaneous 9,431,262 $ $ 5,460,213 $ 2,177,404 Plan's Net Pension Liability ‐ Safety‐Police 5,838,335 3,243,741 1,112,603Total $ 15,269,597 $ 8,703,954 $ 3,290,007 Pension Plan Fiduciary Net PositionDetailed information about the Plan’s fiduciary net position is available in the separately issued CalPERS financial report.
City of Anderson
NOTES TO THE FINANCIAL STATEMENTS(Continued)
9. DEFICIT FUND BALANCE/RETAINED EARNINGS
The nonmajor funds listed below reported deficit fund balances or retained earnings:
June 30, 2022Governmental Funds
Street Lighting Fund $ 104,316
State and Federal Transportation Fund $ 264,907
South Ridge Assessment District Fund $ 11,077
Vineyards Lighting and Landscape District Fund $ 71,974Silvergate Sanitary Assessment District Fund $ 5,515 Parks Capital Fund $ 63,346
The deficits noted above will be eliminated as resources are obtained (e.g., from revenues, long‐term debt issuances, and transfers in) to make necessary expenditure payments and as the actual fund activity improves.
10. EXCESS OF EXPENDITURES OVER APPROPRIATIONS
The excess of expenditures over appropriations, describes a budgetary violation that occurred for the year under audit. Expenditures exceeded appropriations in the General Fund by $89,997, the Gas Tax Fund by $7,676, and the CDBG Fund by $138,426. The expenditures in the General Fund and Gas Tax Fund were funded by unbudgeted revenue received. The expenditures in the CDBG Fund were funded by available fund balance.
City of Anderson
NOTES TO THE FINANCIAL STATEMENTS(Continued)
11. CONTINGENT LIABILITIES
Amounts received or receivable from grantor agencies are subject to audit and adjustment by grantor agencies, principally the federal and state governments. Any disallowed claims, including amounts already collected, may constitute a liability of the applicable funds. The amount, if any, of expenditures which may be disallowed by the grantor cannot be determined at this time, although the City expects such amounts, if any, to be immaterial.
The City is involved in various litigation; however, in the City Attorney’s opinion, the potential claims against the City resulting from such litigation would not materially affect the accompanying financial statements.
12. CONSTRUCTION COMMITMENTS
At June 30, 2022, the City had no construction commitments outstanding.
13. RESTRICTED NET POSITION
The government‐wide statement of net position reports $16,142,307 of restricted net position, of which $4,917,112 is restricted by enabling legislation.
City of Anderson
NOTES TO THE FINANCIAL STATEMENTS(Continued)
14. FUND BALANCE
Fund balances are composed of the following:
June 30, 2022 Nonspendable Restricted Committed Assigned General Fund
Prepaid items $ ‐ 71,460 $ ‐ $ ‐ $ Inventory ‐ 9,752 ‐ ‐ Anderson teen center maintenance ‐ ‐ ‐ 234,610 Charter ‐ PEG fees ‐ ‐ ‐ 21,062 Gas Tax Fund
Gas tax ‐ ‐ 1,921,340 ‐ ADAP and Home Fund
Long‐term notes receivable ‐ ‐ 4,566,466 ‐ Grants ‐ ‐ 1,342,591 ‐ CDBG Fund
Long‐term notes receivable ‐ ‐ 1,707,872 ‐ Grants ‐ ‐ 647,708 ‐ Low and Mod Income Housing Fund
Long‐term notes receivable ‐ ‐ 1,452,510 ‐ Riverside East Debt Service Fund
Debt service ‐ ‐ 372,621 ‐ Nonmajor Governmental Funds
Long‐term notes receivable ‐ ‐ 79,457 ‐ Advances to other funds ‐ 120,485 ‐ ‐ Traffic capital impact fees ‐ ‐ 1,991,502 ‐Drainage capital impact fees ‐ ‐ 902,363 ‐ Police facility and corp yard expansion ‐ ‐ 544,849 ‐Shastec project area fees ‐ ‐ 541,206 ‐Sewer capital impact fees ‐ ‐ 369,378 ‐ EDBG revenues ‐ ‐ 290,430 ‐ Interstate 5 and Deschutes redevelopment ‐ ‐ 218,953 ‐Line extension ‐ ‐ 173,581 ‐ Grants ‐ ‐ 170,298 ‐ Asset forfeiture revenues ‐ ‐ 82,555 ‐ Water capital impact fees ‐ ‐ 54,795 ‐ Redevelopment revenues ‐ ‐ 16,602 ‐ Curbs, gutters, and sidewalks impact fees ‐ ‐ 12,093 ‐ Parking district revenues ‐ ‐ 10,866 ‐ Anderson River Park amphitheater fees ‐ ‐ 4,071 ‐ EEC grant ‐ lighting retrofit revenues ‐ ‐ 225 ‐ Total $ 201,697 $ ‐ 17,474,332 $ $ 255,672
City of Anderson
NOTES TO THE FINANCIAL STATEMENTS(Continued)
15. SUCCESSOR AGENCY TRUST FOR ASSETS OF THE FORMER REDEVELOPMENT AGENCY On December 29, 2011, the California Supreme Court upheld Assembly Bill 1X 26 (“the Bill”) that provided for the dissolution of all redevelopment agencies in the State of California. In accordance with the timeline set forth in the Bill (as modified by the California Supreme Court on December 29, 2011) all redevelopment agencies in the State of California were dissolved and ceased to operate as a legal entity as of February 1, 2012. The assets and activities of the dissolved redevelopment agency are reported in a fiduciary fund (private‐purpose trust fund) in the financial statements of the City.
The Bill provided that upon dissolution of a redevelopment agency, either the city or another unit of local government would agree to serve as the “successor agency” to hold the assets until they are distributed to other units of state and local government. On January 17, 2012, the City Council elected to become the Successor Agency for the former redevelopment agency in accordance with the Bill as part of City resolution number 12‐03.
The Department of Finance of the State of California granted a “Finding of Completion” on November 8, 2013, to the City of Anderson Successor Agency. The Successor Agency is now allowed to place loan agreements between the former redevelopment agency and sponsoring entity on the Recognized Obligation Payment Schedule and utilize remaining bond proceeds. Successor agencies are only allocated revenue in the amount that is necessary to pay the estimated annual installment payments on enforceable obligations of the former redevelopment agency until all enforceable obligations of the prior redevelopment agency have been paid in full and all assets have been liquidated.The Bill directs the State Controller of the State of California to review the propriety of any transfers of assets between redevelopment agencies and other public bodies that occurred after January 1, 2011. If the public body that received such transfers is not contractually committed to a third party for the expenditure or encumbrance of those assets, the State Controller is required to order the available assets to be transferred to the public body designated as the successor agency by the Bill.
Management believes, in consultation with legal counsel, that the obligations of the former redevelopment agency due to the City are valid enforceable obligations payable by the successor agency trust under the requirements of the Bill. The City’s position on this issue is not a position of settled law and there is considerable legal uncertainty regarding this issue. It is reasonably possible that a legal determination may be made at a later date by an appropriate judicial authority that would resolve this issue unfavorably to the City.
City of Anderson
NOTES TO THE FINANCIAL STATEMENTS(Continued)
LONG‐TERM LIABILITIESIn July of 2015 the City issued 2015 Tax Allocation Refunding Bonds to refinance the Anderson Redevelopment Agency Tax Allocation Bonds, Series 2005 and 2008. The issuance resulted in an estimated economic gain of $1,142,256. The bonds were issued at a discount of $203,833 which will be amortized over the life of the bonds of $8,490 per year.
The balances of the Successor Agency long‐term debts are presented below:
Amount of
Original Beginning Ending Due Within
June 30, 2022 Issuance Balance Additions Reductions Balance One Year Tax allocation bonds:
ARA Tax Allocation Bonds, 2015 Series Bonds 7,365,000 $ $ ‐ 6,195,000 $ $ 260,000 $ 5,935,000 $ 260,000 Discount on 2015 Series Bonds (203,833) $ ‐ (152,893) (8,490) (144,403) (8,490) Total $ ‐ 6,042,107 $ $ 251,510 $ 5,790,597 $ 251,510 Tax Allocation Bonds7,365,000 Successor Agency to the Anderson Redevelopment Agency Tax Allocation Refunding Bonds, Series 2015 Issued July 1, 2015, for the purpose of refinancing prior redevelopment agency debt. Payable from future property tax increment in redevelopment project areas in annual installments of $210,000 to $470,000 through August 1, 2038, and bearing interest rates of 2.000% to 4.125% payable semi‐annually on February 1 and August 1. Principal and interest paid for the current year was $485,263 while total Agency property tax increment revenue was $577,252. Total principal and interest remaining on the bonds is $8,143,258, which is the amount of the remaining property tax increment revenue pledged.
City of Anderson
NOTES TO THE FINANCIAL STATEMENTS(Continued)
The following is a schedule of total debt service requirements to maturity for the tax allocation bonds:
Bonds Bond
Year Ending June 30 Principal Interest Total Discount Total 2023 260,000 $ $ 219,088 $ 479,088 $ (8,490) $ 470,598
2024 270,000 212,125 482,125 (8,490) 473,635
2025 275,000 204,288 479,288 (8,490) 470,7982026 285,000 195,709 480,709 (8,490) 472,2192027 295,000 186,094 481,094 (8,490) 472,6042028‐2032 1,640,000 755,422 2,395,422 (42,450) 2,352,972 2033‐2037 1,990,000 397,169 2,387,169 (42,450) 2,344,719 2038‐2039 920,000 38,363 958,363 (17,053) 941,310
Total 5,935,000 $ $ 2,208,258 $ 8,143,258 $ (144,403) $ 7,998,855 Interest expense incurred for the year ended June 30, 2022 was $225,263.
16. ASSET RETIREMENT OBLIGATION
The City has incurred certain asset retirement obligations related to the operation of its waste water utility system. The estimated liability of the legally required closure costs for the waste water utility system cannot be reasonably estimated as of June 30, 2022, since the specific legally required costs of retirement have not been identified. The City anticipates identifying those specific legally required costs and obtaining an estimate of those costs in a subsequent fiscal year.
City of Anderson
NOTES TO THE FINANCIAL STATEMENTS(Continued)
17. FUTURE ACCOUNTING PRONOUNCEMENTS
The following Governmental Accounting Standards Board (GASB) Statement will be implemented in future financial statements:
Statement No. 96 “Subscription‐Based Information Technology Arrangements” – The requirements of this Statement are effective for reporting periods beginning after December 15, 2021.
Statement No. 99 “Omnibus 2022” – The requirements of this Statement are effective for the reporting periods beginning after December 15, 2021.Statement No. 100 “Accounting Changes and Error Corrections” – The requirements of this Statement are effective for the reporting periods beginning after December 15 , 2022.
Statement No. 101 “Compensated Absences” – The requirements of this Statement are effective for the reporting periods beginning after December 15, 2023.
Management is currently evaluating the impact of this standard on the City’s financial statements.
REQUIRED SUPPLEMENTARY INFORMATION SECTION
City of Anderson
SCHEDULE OF THE CITY’S PROPORTIONATE SHARE OF THE NET PENSION LIABILITY – CALPERS
Miscellaneous June 30, 2022 June 30, 2021 June 30, 2020 June 30, 2019 June 30, 2018 June 30, 2017 June 30, 2016 June 30, 2015 City's proportion of the net pension liability (asset) 0.2875610% 0.1984860% 0.1948730% 0.1915250% 0.1859970% 0.1833610% 0.1793570% 0.0600500% City's proportionate share of the net pension liability (asset) 5,460,213 $ $ 8,372,308 $ 7,803,688 $ 7,218,039 $ 7,332,084 $ 6,369,732 $ 4,979,414 $ 3,736,772 City's covered payroll 2,412,690 $ $ 2,344,535 $ 2,198,530 $ 2,014,295 $ 2,011,939 $ 2,014,220 $ 1,883,404 $ 1,832,170 City's proportionate share of the net pension liability (asset) as a percentage of its covered‐employee payroll 226.31% 357.10% 354.95% 358.34% 364.43% 316.24% 264.38% 203.95% Plan fiduciary net position as a percentage of the total pension liability 81.85% 71.52% 72.40% 73.25% 71.97% 73.16% 78.07% 83.03% Safety June 30, 2022 June 30, 2021 June 30, 2020 June 30, 2019 June 30, 2018 June 30, 2017 June 30, 2016 June 30, 2015 City's proportion of the net pension liability (asset) 0.0924280% 0.0779710% 0.0755750% 0.0739890% 0.0716340% 0.0715840% 0.0740296% 0.0388100% City's proportionate share of the net pension liability (asset) 3,243,741 $ $ 5,194,699 $ 4,717,818 $ 4,341,322 $ 4,280,292 $ 3,707,485 $ 2,847,939 $ 2,414,760 City's covered‐employee payroll 1,874,269 $ $ 1,583,986 $ 1,614,882 $ 1,445,381 $ 1,337,391 $ 1,346,753 $ 1,235,687 $ 1,224,195 City's proportionate share of the net pension liability (asset) as a percentage of its covered‐employee payroll 173.07% 327.95% 292.15% 300.36% 320.05% 275.29% 230.47% 197.25% Plan fiduciary net position as a percentage of the total pension liability 83.17% 71.93% 73.31% 73.55% 73.00% 73.93% 79.05% 81.42% See the accompanying notes to the required supplementary information.
City of Anderson
SCHEDULE OF CITY’S CONTRIBUTIONS – CALPERS
Miscellaneous June 30, 2022 June 30, 2021 June 30, 2020 June 30, 2019 June 30, 2018 June 30, 2017 June 30, 2016 June 30, 2015 Contractually required contribution 841,610 $ $ 803,993 $ 721,746 $ 624,031 $ 529,589 $ 480,390 $ 429,631 $ 264,086 Contributions in relation to the contractually required contribution (841,610) (803,993) (721,746) (624,031) (529,589) (480,390) (429,631) (264,086) Contribution deficiency (excess) $ ‐ ‐ $ ‐ $ ‐ $ ‐ $ ‐ $ ‐ $ ‐ $ City's covered‐employee payroll 2,480,261 $ $ 2,412,690 $ 2,344,535 $ 2,198,530 $ 2,014,295 $ 1,883,404 $ 1,832,170 $ 1,832,170 Contributions as a percentage of covered‐employee payroll 33.93% 33.32% 30.78% 28.38% 26.29% 25.51% 23.45% 14.41% Safety June 30, 2022 June 30, 2021 June 30, 2020 June 30, 2019 June 30, 2018 June 30, 2017 June 30, 2016 June 30, 2015 Contractually required contribution 696,062 $ $ 642,053 $ 549,851 $ 483,835 $ 408,103 $ 360,756 $ 305,203 $ 257,787 Contributions in relation to the contractually required contribution (696,062) (642,053) (549,851) (483,835) (408,103) (360,756) (305,203) (257,787) Contribution deficiency (excess) $ ‐ ‐ $ ‐ $ ‐ $ ‐ $ ‐ $ ‐ $ ‐ $ City's covered‐employee payroll 2,221,452 $ $ 1,874,269 $ 1,583,986 $ 1,614,882 $ 1,445,381 $ 1,346,753 $ 1,235,687 $ 1,224,195 Contributions as a percentage of covered‐employee payroll 31.33% 34.26% 34.71% 29.96% 28.23% 26.79% 24.70% 21.06% See the accompanying notes to the required supplementary information.
City of Anderson
NOTES TO THE REQUIRED SUPPLEMENTARY INFORMATIONJune 30, 2022
Required supplementary information schedules are intended to report information for ten years. Additional years’ information will be displayed as it becomes available.
Changes of Benefit TermsPublic agencies who participate in CalPERS can make changes to their plan provisions, and such changes occur on an ongoing basis. A summary of the plan provisions that were used for a specific plan can be found in the plan’s annual valuation report.
COMBINING AND INDIVIDUAL NONMAJOR FUND FINANCIAL STATEMENTS City of Anderson
NONMAJOR GOVERNMENTAL FUNDS
SPECIAL REVENUE FUNDSSpecial revenue funds are used to account for specific revenues that are legally restricted to expenditures for particular purposes.
Street Lighting Fund: This fund accounts for revenue and expenses of City‐owned street lights.
State and Federal Transportation Fund: This fund accounts for intergovernmental funds received which are specified for street projects.
COPS and LLEBG Grants Fund: This fund accounts for law enforcement grant revenues and related expenses.
Asset Forfeiture Fund: This fund accounts for expenditures and revenues of funds received from seizures and forfeitures.
Parking District Fund: This fund accounts for the expenditure and receipts of parking related funds.
EDBG Fund: This fund accounts for EDBG program income and grants provided for acquisition of real property, business assistance loans, and business assistance infrastructure.
Redevelopment Fund: This fund accounts for housing funds related to the Shastec Project Area.
South Ridge Assessment District Fund: This fund accounts for the expenses and revenues of South Ridge Landscape Assessment District.
Vineyards Lighting and Landscape District Fund: This fund accounts for assessment district revenue and expenses related to maintenance of lighting and landscaping in the Vineyards housing subdivision.
Silvergate Sanitary Assessment District Fund: This fund accounts for the expenses and revenues of Silvergate Sanitary Assessment District.EEC Grant Lighting Retrofit Fund: This fund accounts for the EEC lighting retrofit revenues and related expenses.
City of Anderson
NONMAJOR GOVERNMENTAL FUNDS(Continued)
CAPITAL PROJECTS FUNDSCapital Projects Funds are used to account for the acquisition and construction of major capital facilities other than those financed by proprietary funds and trust funds.
Curbs, Gutters, and Sidewalks Fund: This fund accounts for the revenues received for the construction of curbs, gutters, and sidewalks by the City.
Police Facility and Corp Yard Expansion Fund: This fund accounts for impact fees that are restricted for improvements to the City’s public facilities.Drainage Capital Fund: This fund accounts for impact fees that are restricted for improvements to the City’s drainage system.
Parks Capital Fund: This fund accounts for impact fees that are restricted for improvements to the City’s parks and grounds.
Sewer Capital Fund: This fund accounts for impact fees that are restricted for improvements to the City’s sewer system.
Water Capital Fund: This fund accounts for impact fees that are restricted for improvements to the City’s water system.
Traffic Capital Fund: This fund accounts for impact fees that are restricted to add or improve City streets and roads.
I‐5/Deschutes Offramp Fund: This Fund accounts for impact fees that are restricted to the development of the I‐5/Deschutes interchange.
Anderson River Park Amphitheater Fund: This fund accounts for expenses and revenues related to the grant‐funded construction of amphitheater improvements at Anderson River Park.
Shastec Project Area Fund: This fund accounts for projects related to the redevelopment activities in the Shastec Project Area.
City of Anderson
COMBINING BALANCE SHEET – NONMAJOR GOVERNMENTAL FUNDS
Special Revenue
State and
Street Federal COPS and Asset Parking
Lighting Transportation LLEBG Forfeiture District EDBG Balance June 30, 2022 Fund Fund Grants Fund Fund Fund Fund Forward ASSETSCash and cash equivalents 14,400 $ ‐ $ $ 182,048 $ 84,415 $ 10,866 $ 279,378 $ 571,107 Receivables:
Taxes 1,303 ‐ ‐ ‐ ‐ ‐ 1,303 Interest ‐ ‐ ‐ ‐ ‐ 552 552Loans ‐ ‐ ‐ ‐ ‐ 79,457 79,457 Due from other governments ‐ ‐ ‐ 3,902 ‐ ‐ 3,902 Due from other funds ‐ ‐ ‐ ‐ ‐ 10,500 10,500 Advances to other funds ‐ ‐ ‐ ‐ ‐ ‐ ‐ Restricted cash ‐ ‐ ‐ ‐ ‐ ‐ ‐TOTAL ASSETS $ ‐ 15,703 $ $ 185,950 $ 84,415 $ 10,866 $ 369,887 $ 666,821
LIABILITIES, DEFERRED INFLOWS OF
RESOURCES, AND FUND BALANCES
LiabilitiesAccounts payable 10,780 $ ‐ $ ‐ $ $ ‐ 1,860 $ ‐ $ $ 12,640 Due to other funds 109,239 ‐ 264,907 ‐ ‐ ‐ 374,146 Advances from grantor governments ‐ ‐ ‐ 15,652 ‐ ‐ 15,652 Total Liabilities 120,019 264,907 15,652 ‐ 1,860 ‐ 402,438 Fund Balances (Deficit)
Nonspendable ‐ ‐ ‐ ‐ ‐ ‐ ‐ Restricted ‐ ‐ 170,298 82,555 10,866 369,887 633,606 Committed ‐ ‐ ‐ ‐ ‐ ‐ ‐ Assigned ‐ ‐ ‐ ‐ ‐ ‐ ‐ Unassigned (104,316) ‐ (264,907) ‐ ‐ ‐ (369,223) Total Fund Balances (Deficit) (104,316) (264,907) 170,298 82,555 10,866 369,887 264,383
TOTAL LIABILITIES, DEFERRED INFLOWS OF
RESOURCES, AND FUND BALANCES $ ‐ 15,703 $ $ 185,950 $ 84,415 $ 10,866 $ 369,887 $ 666,821 City of Anderson
COMBINING BALANCE SHEET – NONMAJOR GOVERNMENTAL FUNDS
(Continued)
Special Revenue
South Ridge Vineyards Silvergate EEC Grant
Balance Assessment Lighting and Sanitary Lighting
Brought Redevelopment District Landscape Assessment Retrofit June 30, 2022 Forward Fund Fund District Fund District Fund Fund Total ASSETSCash and cash equivalents 571,107 $ $ ‐ 16,602 $ $ 1 $ 1 $ 225 $ 587,936 Receivables:
Taxes 1,303 ‐ 390 ‐ 135 ‐ 1,828Interest 552 ‐ ‐ ‐ ‐ ‐ 552 Loans 79,457 ‐ ‐ ‐ ‐ ‐ 79,457 Due from other governments 3,902 ‐ ‐ ‐ ‐ ‐ 3,902 Due from other funds 10,500 ‐ ‐ ‐ ‐ ‐ 10,500 Advances to other funds ‐ ‐ ‐ ‐ ‐ ‐ ‐ Restricted cash ‐ ‐ ‐ ‐ ‐ ‐ ‐TOTAL ASSETS $ 666,821 $ 16,602 $ 390 $ 136 $ 1 $ 225 $ 684,175
LIABILITIES, DEFERRED INFLOWS OF
RESOURCES, AND FUND BALANCES
LiabilitiesAccounts payable 12,640 $ ‐ $ $ 975 $ 6,393 $ ‐ 104 $ $ 20,112 Due to other funds 374,146 ‐ 10,492 65,717 ‐ 5,412 455,767 Advances from grantor governments 15,652 ‐ ‐ ‐ ‐ ‐ 15,652 Total Liabilities ‐ 402,438 11,467 72,110 ‐ 5,516 491,531 Fund Balances (Deficit)
Nonspendable ‐ ‐ ‐ ‐ ‐ ‐ ‐ Restricted 633,606 ‐ 16,602 ‐ ‐ 225 650,433Committed ‐ ‐ ‐ ‐ ‐ ‐ ‐Assigned ‐ ‐ ‐ ‐ ‐ ‐ ‐Unassigned (369,223) ‐ (11,077) (71,974) ‐ (5,515) (457,789) Total Fund Balances (Deficit) 264,383 16,602 (11,077) (71,974) (5,515) 225 192,644
TOTAL LIABILITIES, DEFERRED INFLOWS OF
RESOURCES, AND FUND BALANCES $ 666,821 $ 16,602 $ 390 $ 136 $ 1 $ 225 $ 684,175 City of Anderson
COMBINING BALANCE SHEET – NONMAJOR GOVERNMENTAL FUNDS
(Continued)
Capital Projects
Curbs, Police Facility
Gutters, and and Corp Yard
Sidewalks Expansion Drainage Parks Sewer Water Balance
June 30, 2022 Fund Fund Capital Fund Capital Fund Capital Fund Capital Fund ForwardASSETSCash and cash equivalents 12,093 $ $ 544,849 $ ‐ 902,363 $ $ 568,600 $ 56,980 $ 2,084,885 Receivables:
Taxes ‐ ‐ ‐ ‐ ‐ ‐ ‐Interest ‐ ‐ ‐ ‐ ‐ ‐ ‐Loans ‐ ‐ ‐ ‐ ‐ ‐ ‐ Due from other governments ‐ ‐ ‐ ‐ ‐ ‐ ‐ Due from other funds ‐ ‐ ‐ ‐ ‐ 12,192 12,192 Advances to other funds ‐ ‐ ‐ ‐ ‐ 69,593 69,593 Restricted cash ‐ ‐ ‐ ‐ ‐ 1 1TOTAL ASSETS $ 12,093 $ 544,849 $ ‐ 902,363 $ $ 650,386 $ 56,980 $ 2,166,671
LIABILITIES, DEFERRED INFLOWS OF
RESOURCES, AND FUND BALANCES
LiabilitiesAccounts payable $ ‐ ‐ $ ‐ $ ‐ $ $ ‐ 37,834 $ $ 37,834 Due to other funds ‐ ‐ ‐ ‐ 63,346 2,185 65,531 Advances from grantor governments ‐ ‐ ‐ ‐ ‐ ‐ ‐ Total Liabilities ‐ ‐ ‐ 63,346 37,834 2,185 103,365 Fund Balances (Deficit)
Nonspendable ‐ ‐ ‐ ‐ ‐ 69,593 69,593Restricted 12,093 544,849 ‐ 902,363 542,959 54,795 2,057,059 Committed ‐ ‐ ‐ ‐ ‐ ‐ ‐Assigned ‐ ‐ ‐ ‐ ‐ ‐ ‐Unassigned ‐ ‐ ‐ ‐ (63,346) ‐ (63,346) Total Fund Balances (Deficit) 12,093 544,849 902,363 (63,346) 612,552 54,795 2,063,306
TOTAL LIABILITIES, DEFERRED INFLOWS OF
RESOURCES, AND FUND BALANCES $ 12,093 $ 544,849 $ ‐ 902,363 $ $ 650,386 $ 56,980 $ 2,166,671 City of Anderson
COMBINING BALANCE SHEET – NONMAJOR GOVERNMENTAL FUNDS
(Continued)
Capital Projects
Anderson Total
Balance River Park Shastec Nonmajor
Brought Traffic I‐5/Deschutes Amphitheater Project Governmental June 30, 2022 Forward Capital Fund Offramp Fund Fund Area Fund Total Funds ASSETSCash and cash equivalents 2,084,885 $ $ 1,982,304 $ 218,953 $ 4,071 $ 551,706 $ 4,841,919 $ 5,429,855 Receivables:
Taxes ‐ ‐ ‐ ‐ ‐ ‐ 1,828Interest ‐ ‐ ‐ ‐ ‐ ‐ 552Loans ‐ ‐ ‐ ‐ ‐ ‐ 79,457 Due from other governments ‐ ‐ ‐ ‐ ‐ ‐ 3,902 Due from other funds 12,192 ‐ 9,198 ‐ ‐ 21,390 31,890 Advances to other funds 69,593 ‐ 50,892 ‐ ‐ 120,485 120,485Restricted cash 1 ‐ ‐ ‐ ‐ 1 1 TOTAL ASSETS $ 2,166,671 $ 2,042,394 $ 218,953 $ 4,071 $ 551,706 $ 4,983,795 $ 5,667,970
LIABILITIES, DEFERRED INFLOWS OF
RESOURCES, AND FUND BALANCES
LiabilitiesAccounts payable 37,834 $ ‐ $ ‐ $ ‐ $ ‐ $ $ 37,834 $ 57,946 Due to other funds 65,531 ‐ ‐ ‐ 10,500 76,031 531,798 Advances from grantor governments ‐ ‐ ‐ ‐ ‐ ‐ 15,652 Total Liabilities ‐ 103,365 ‐ ‐ 10,500 113,865 605,396 Fund Balances (Deficit)
Nonspendable 69,593 ‐ 50,892 ‐ ‐ 120,485 120,485Restricted 2,057,059 1,991,502 218,953 4,071 541,206 4,812,791 5,463,224 Committed ‐ ‐ ‐ ‐ ‐ ‐ ‐Assigned ‐ ‐ ‐ ‐ ‐ ‐ ‐Unassigned (63,346) ‐ ‐ ‐ ‐ (63,346) (521,135) Total Fund Balances (Deficit) 2,063,306 2,042,394 218,953 4,071 541,206 4,869,930 5,062,574
TOTAL LIABILITIES, DEFERRED INFLOWS OF
RESOURCES, AND FUND BALANCES $ 2,166,671 $ 2,042,394 $ 218,953 $ 4,071 $ 551,706 $ 4,983,795 $ 5,667,970 City of Anderson
COMBINING STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES – NONMAJOR GOVERNMENTAL FUNDS
Special Revenue
State and
Street Federal COPS and Asset Parking
Lighting Transportation LLEBG Forfeiture District EDBG Balance Year Ended June 30, 2022 Fund Fund Grants Fund Fund Fund Fund Forward RevenuesLicenses and permits $ ‐ ‐ $ ‐ $ ‐ $ ‐ $ ‐ $ ‐ $Fines, forfeits, and penalties ‐ ‐ ‐ ‐ 958 ‐ 958 Use of money and property ‐ ‐ ‐ 205 23 1,515 1,743Intergovernmental revenue ‐ ‐ ‐ 122,010 ‐ ‐ 122,010Other revenues 63,606 ‐ ‐ ‐ ‐ ‐ 63,606 Total Revenues ‐ 63,606 122,010 1,163 23 1,515 188,317 ExpendituresCurrent:
General government ‐ ‐ ‐ ‐ ‐ ‐ ‐ Public safety ‐ ‐ ‐ 100,546 ‐ ‐ 100,546 Public works 77,549 ‐ ‐ ‐ ‐ ‐ 77,549 Recreation and cultural ‐ ‐ ‐ ‐ ‐ ‐ ‐ Capital outlay 10,768 ‐ 2,511 ‐ 21,220 ‐ 34,499 Debt service:
Principal ‐ ‐ ‐ ‐ ‐ ‐ ‐ Interest and fiscal charges ‐ ‐ ‐ ‐ ‐ ‐ ‐ Total Expenditures ‐ 88,317 103,057 ‐ 21,220 ‐ 212,594 Excess (Deficiency) of Revenues Over
(Under) Expenditures ‐ (24,711) 18,953 (20,057) 23 1,515 (24,277) Other Financing Sources (Uses)Transfers in 14,400 ‐ ‐ ‐ ‐ ‐ 14,400 Transfers out ‐ ‐ ‐ ‐ ‐ ‐ ‐Total Other Financing Sources (Uses) ‐ 14,400 ‐ ‐ ‐ ‐ 14,400 Net Change in Fund Balances ‐ (10,311) 18,953 (20,057) 23 1,515 (9,877) Fund Balances (Deficit) ‐ Beginning of Year (94,005) (264,907) 151,345 102,612 10,843 368,372 274,260 Fund Balances (Deficit) ‐ End of Year $ (104,316) $ (264,907) $ 170,298 $ 82,555 $ 10,866 $ 369,887 $ 264,383 City of Anderson
COMBINING STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES – NONMAJOR GOVERNMENTAL FUNDS(Continued)
Special Revenue
South Ridge Vineyards Silvergate EEC Grant
Balance Assessment Lighting and Sanitary Lighting
Brought Redevelopment District Landscape Assessment Retrofit Year Ended June 30, 2022 Forward Fund Fund District Fund District Fund Fund Total RevenuesLicenses and permits $ ‐ ‐ $ ‐ $ ‐ $ ‐ $ ‐ $ ‐ $Fines, forfeits, and penalties 958 ‐ ‐ ‐ ‐ ‐ 958 Use of money and property 1,743 ‐ ‐ ‐ ‐ ‐ 1,743 Intergovernmental revenue 122,010 ‐ ‐ ‐ ‐ ‐ 122,010Other revenues 63,606 ‐ 12,579 33,299 ‐ 5,316 114,800 Total Revenues ‐ 188,317 12,579 33,299 ‐ 5,316 239,511 ExpendituresCurrent:
General government ‐ ‐ ‐ ‐ ‐ ‐ ‐ Public safety 100,546 ‐ ‐ ‐ ‐ ‐ 100,546 Public works 77,549 ‐ 9,547 102,441 ‐ 8,840 198,377 Recreation and cultural ‐ ‐ ‐ ‐ ‐ ‐ ‐ Capital outlay 34,499 ‐ ‐ ‐ ‐ ‐ 34,499 Debt service:
Principal ‐ ‐ ‐ ‐ ‐ ‐ ‐Interest and fiscal charges ‐ ‐ ‐ ‐ ‐ ‐ ‐ Total Expenditures ‐ 212,594 9,547 102,441 ‐ 8,840 333,422 Excess (Deficiency) of Revenues Over
(Under) Expenditures ‐ (24,277) 3,032 (69,142) ‐ (3,524) (93,911) Other Financing Sources (Uses)Transfers in 14,400 ‐ ‐ ‐ ‐ ‐ 14,400 Transfers out ‐ ‐ ‐ ‐ ‐ ‐ ‐Total Other Financing Sources (Uses) ‐ 14,400 ‐ ‐ ‐ ‐ 14,400 Net Change in Fund Balances ‐ (9,877) 3,032 (69,142) ‐ (3,524) (79,511) Fund Balances (Deficit) ‐ Beginning of Year 274,260 16,602 (14,109) (2,832) (1,991) 225 272,155 Fund Balances (Deficit) ‐ End of Year $ 264,383 $ 16,602 $ (11,077) $ (71,974) $ (5,515) $ 225 $ 192,644 City of Anderson
COMBINING STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES – NONMAJOR GOVERNMENTAL FUNDS(Continued)
Capital Projects
Curbs, Police Facility
Gutters, and and Corp Yard
Sidewalks Expansion Drainage Parks Sewer Water Balance
Year Ended June 30, 2022 Fund Fund Capital Fund Capital Fund Capital Fund Capital Fund Forward RevenuesLicenses and permits $ ‐ $ 59,016 $ 40,987 $ 87,262 $ 176,760 $ 116,845 $ 480,870 Fines, forfeits, and penalties ‐ ‐ ‐ ‐ ‐ ‐ ‐ Use of money and property 25 1,072 ‐ 2,047 1,352 39 4,535 Intergovernmental revenue ‐ ‐ ‐ ‐ ‐ ‐ ‐ Other revenues ‐ ‐ ‐ ‐ ‐ ‐ ‐ Total Revenues 25 60,088 43,034 87,262 178,112 116,884 485,405ExpendituresCurrent:
General government ‐ ‐ ‐ ‐ 10,217 8,526 18,743 Public safety ‐ ‐ ‐ ‐ ‐ ‐ ‐ Public works ‐ 5,604 ‐ 111,536 ‐ ‐ 117,140Recreation and cultural ‐ ‐ ‐ ‐ 9,780 ‐ 9,780 Capital outlay ‐ ‐ ‐ 19,867 483,211 3,016 506,094 Debt service:
Principal ‐ ‐ ‐ 31,719 ‐ 60,000 91,719Interest and fiscal charges ‐ ‐ ‐ 21,338 ‐ 45,244 66,582 Total Expenditures ‐ 5,604 111,536 82,704 598,672 11,542 810,058 Excess (Deficiency) of Revenues Over
(Under) Expenditures 25 54,484 (68,502) 4,558 (420,560) 105,342 (324,653) Other Financing Sources (Uses)
Transfers in ‐ ‐ ‐ ‐ ‐ 105,244 105,244 Transfers out ‐ ‐ ‐ ‐ ‐ ‐ ‐ Total Other Financing Sources (Uses) ‐ ‐ ‐ ‐ ‐ 105,244 105,244Net Change in Fund Balances 25 54,484 (68,502) 4,558 (315,316) 105,342 (219,409) Fund Balances (Deficit) ‐ Beginning of Year 12,068 490,365 970,865 (67,904) 927,868 (50,547) 2,282,715 Fund Balances (Deficit) ‐ End of Year $ 12,093 $ 544,849 $ 902,363 $ (63,346) $ 612,552 $ 54,795 $ 2,063,306 City of Anderson
COMBINING STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES – NONMAJOR GOVERNMENTAL FUNDS(Continued)
Capital Projects
Anderson Total
Balance River Park Shastec Nonmajor
Brought Traffic I‐5/Deschutes Amphitheater Project Governmental Year Ended June 30, 2022 Forward Capital Fund Offramp Fund Fund Area Fund Total Funds RevenuesLicenses and permits 480,870 $ $ 269,143 $ ‐ 73,405 $ ‐ $ $ 823,418 $ 823,418 Fines, forfeits, and penalties ‐ ‐ ‐ ‐ ‐ ‐ 958 Use of money and property 4,535 3,830 ‐ 401 ‐ 8,766 10,509 Intergovernmental revenue ‐ ‐ ‐ ‐ ‐ ‐ 122,010 Other revenues ‐ ‐ ‐ ‐ ‐ ‐ 114,800 Total Revenues 485,405 272,973 ‐ 73,806 ‐ 832,184 1,071,695 ExpendituresCurrent:
General government 18,743 ‐ ‐ ‐ ‐ 18,743 18,743 Public safety ‐ ‐ ‐ ‐ ‐ ‐ 100,546 Public works 117,140 10,629 ‐ 7,094 ‐ 134,863 333,240 Recreation and cultural 9,780 ‐ ‐ ‐ ‐ 9,780 9,780 Capital outlay 506,094 ‐ ‐ ‐ ‐ 506,094 540,593 Debt service:
Principal 91,719 ‐ ‐ ‐ ‐ 91,719 91,719 Interest and fiscal charges 66,582 ‐ ‐ ‐ ‐ 66,582 66,582 Total Expenditures 810,058 10,629 ‐ 7,094 ‐ 827,781 1,161,203Excess (Deficiency) of Revenues Over (Under) Expenditures (324,653) 262,344 ‐ 66,712 ‐ 4,403 (89,508) Other Financing Sources (Uses)
Transfers in 105,244 ‐ ‐ ‐ ‐ 105,244 119,644Transfers out ‐ ‐ ‐ ‐ ‐ ‐ ‐ Total Other Financing Sources (Uses) ‐ 105,244 ‐ ‐ ‐ 105,244 119,644 Net Change in Fund Balances (219,409) 262,344 ‐ 66,712 ‐ 109,647 30,136Fund Balances (Deficit) ‐ Beginning of Year 2,282,715 1,780,050 152,241 4,071 541,206 4,760,283 5,032,438 Fund Balances (Deficit) ‐ End of Year $ 2,063,306 $ 2,042,394 $ 218,953 $ 4,071 $ 541,206 $ 4,869,930 $ 5,062,574 City of Anderson
CUSTODIAL FUNDS
Custodial funds are used to account for assets held by the City as an agent for individuals, private organizations, other governments, and/or other funds.
SINTF Fund: This fund accounts for funds held for the Shasta Interagency Narcotics Task Force (SINTF) program.
County Seizure Fund: This fund accounts for the seized assets held on behalf of the County of Shasta.
City of Anderson
COMBINING STATEMENT OF FIDUCIARY NET POSITION – CUSTODIAL FUNDS
County
SINTF Seizure
June 30, 2022 Fund Fund Total
ASSETSCash in bank $ 2,140,914 $ 435,939 $ 2,576,853
Accounts receivable 241 ‐ 241
Due from other governments 239 ‐ 239 TOTAL ASSETS 2,141,394 435,939 2,577,333LIABILITIESAccounts payable 34,401 ‐ 34,401 TOTAL LIABILITIES ‐ 34,401 34,401
NET POSITION
Restricted for:
Held in trust for other governments 2,106,993 435,939 2,542,932 TOTAL NET POSITION $ 2,106,993 $ 435,939 $ 2,542,932
City of Anderson
COMBINING STATEMENT OF CHANGES IN FIDUCIARY NET POSITION – CUSTODIAL FUNDS
County
SINTF Seizure
Year Ended June 30, 2022 Fund Fund Total
AdditionsSeized funds and forfeited revenues 449,449 $ $ 122,120 $ 571,569 Use of money and property 5,072 647 5,719
Total Additions $ 454,521 $ 122,767 $ 577,288
DeductionsAdministrative costs $ ‐ 69,345 $ $ 69,345 Operating supplies ‐ 170,026 170,026
Distributions 876,156 55,323 931,479
Total Deductions 1,115,527 55,323 1,170,850
Net Position ‐ Beginning of Year 2,767,999 368,495 $ 3,136,494 Net Position ‐ End of Year $ 2,106,993 $ 435,939 $ 2,542,932
STATISTICAL SECTION
City of Anderson
STATISTICAL SECTION (UNAUDITED)
This portion of the City’s financial statements presents detailed information as a context for understanding what the information in the financial statements, note disclosures, and required supplementary information says about the government’s overall financial health.
Page
Number
FINANCIAL TRENDSNet Position – Accrual Basis of Accounting 111 Changes in Net Position – Accrual Basis of Accounting 112 Fund Balances of Governmental Funds – Modified Accrual Basis of Accounting 114 Changes in Fund Balances of Governmental Funds – Modified Accrual Basis of Accounting 115 General Fund Balance Compared to Annual Appropriations 116 General Fund Revenues by Source 117
General Fund Tax Revenues by Source 118
Governmental Funds Expenditures by Function 119
Special Assessment Billings and Collections 120
REVENUE CAPACITYProperty Tax – Rates (Direct and Overlapping Governments) and City Levies and Collections 121 Assessed Value and Estimated Actual Value of Taxable Property 122 Principal Secured Property Taxpayers 123
Property Value and Construction 124
DEBT CAPACITYRatio of Outstanding Debt by Type 125
Ratio of General Bonded Debt Outstanding 126
Ratio of Net Bonded Debt to Assessed Value and Net Bonded Debt per Capita 127 Ratio of Annual Debt Service for Bonded Debt to Total General Expenditures 128 Direct and Overlapping Governmental Activities Debt 129 Computation of Legal Debt Margin 130
Pledged Revenue Coverage 131
City of Anderson
STATISTICAL SECTION (UNAUDITED)
Page
Number
DEMOGRAPHIC AND ECONOMIC INFORMATIONGeneral Information 132Principal Employers 133 Economic Information 134
OPERATING INFORMATIONOperating and Capital Indicators 135 Authorized Full Time Equivalent Employees by Department 136 Water and Sewer Rates 137
The Governmental Accounting Standards Board Statement No. 34 required governments with less than $10 million in annual revenues to comply with increased reporting standards starting in fiscal years beginning after June 15, 2003. Statistical schedules reflect information from FY 2006‐ 2007 to present where ten years of data is required.
City of Anderson
NET POSITION – ACCRUAL BASIS OF ACCOUNTING
2013 2014 2015 2016 2017 2018 2019 2020 2021 2022
Governmental activities:
Investment in capital assets, net of related debt 15,949,096 $ $ 21,530,232 $ 20,845,429 $ 21,566,442 $ 20,157,484 $ 20,289,058 $ 20,734,804 $ 20,626,615 $ 21,185,706 $ 21,885,257 Restricted 11,180,265 12,128,923 12,921,328 13,891,292 13,992,482 14,181,409 14,643,213 15,101,783 15,790,158 16,142,307 Unrestricted 6,874,766 2,450,504 (2,624,390) (3,028,302) (1,006,264) (2,188,418) (3,615,378) (4,164,289) (4,948,948) (2,104,858) Total governmental activities net assets $ 34,004,127 $ 36,109,659 $ 31,142,367 $ 32,429,432 $ 33,143,702 $ 32,282,049 $ 31,762,639 $ 31,564,109 $ 32,026,916 $ 35,922,706 Business‐type activities:
Investment in capital assets, net of related debt 11,601,122 $ $ 11,749,341 $ 11,332,197 $ 10,876,569 $ 10,654,855 $ 10,247,557 $ 9,829,717 $ 9,984,064 $ 10,253,676 $ 10,642,392 Restricted ‐ ‐ ‐ ‐ ‐ 13,891,292 ‐ ‐ ‐ ‐ Unrestricted 2,146,441 2,066,325 761,682 984,100 (12,557,186) 1,687,814 1,967,127 1,147,636 852,867 259,161 Total business‐type activities net assets $ 13,747,563 $ 13,815,666 $ 12,093,879 $ 11,860,669 $ 11,988,961 $ 11,935,371 $ 11,796,844 $ 11,131,700 $ 11,106,543 $ 10,901,553 Primary Government:
Investment in capital assets, net of related debt 27,550,218 $ $ 33,279,573 $ 32,177,626 $ 32,443,011 $ 30,812,339 $ 30,536,615 $ 30,561,521 $ 30,610,679 $ 31,439,382 $ 32,527,649 Restricted 11,180,265 12,128,923 12,921,328 13,891,292 27,913,774 14,181,409 $ 14,643,213 $ 15,101,783 $ 15,790,158 $ 16,142,307 Unrestricted 9,021,207 4,516,829 (1,862,708) (2,044,202) (13,563,450) (500,604) $ (1,648,251) $ (3,016,653) $ (4,096,081) $ (1,845,697) Total primary government net assets $ 47,751,690 $ 49,925,325 $ 43,236,246 $ 44,290,101 $ 45,162,663 $ 44,217,420 $ 43,556,483 $ 42,695,809 $ 43,133,459 $ 46,824,259 City of Anderson
CHANGES IN NET POSITION – ACCRUAL BASIS OF ACCOUNTING
2013 2014 2015 2016 2017 2018 2019 2020 2021 2022
Expenses:Governmental activities:
General government 944,641 $ $ 946,983 $ 1,125,987 $ 1,271,913 $ 1,020,615 $ 1,294,519 $ 686,594 $ 895,797 $ 789,199 $ 483,958 Public safety 3,508,803 3,784,936 4,006,100 4,833,530 4,402,297 5,098,330 5,624,597 6,130,653 6,331,573 6,599,310 Public works 1,319,242 934,901 822,903 1,814,825 1,430,663 1,294,411 1,670,015 1,298,170 1,395,954 1,853,992 Planning 233,434 217,924 186,616 142,533 159,883 243,745 224,552 321,879 304,883 311,585 Community development 1,198,644 1,055,762 1,191,956 1,315,390 1,553,231 1,502,302 1,963,182 1,333,566 1,498,679 1,480,569 Recreation and cultural 817,480 829,424 788,597 891,470 958,595 1,509,288 2,154,909 1,725,343 2,564,278 1,668,672 Total governmental activities expenses 8,022,244 7,769,930 8,122,159 10,269,661 9,525,284 10,942,595 12,323,849 11,705,408 12,884,566 12,398,086 Business‐type activities:
Water 1,268,479 1,302,362 1,346,506 1,314,695 1,292,758 1,363,931 1,408,063 1,731,822 1,874,231 1,648,906 Sewer 1,368,073 1,472,662 1,511,181 1,698,260 1,520,512 1,728,242 1,821,554 2,242,422 2,125,372 2,326,461 Total business‐type activities expenses 2,636,552 2,775,024 2,857,687 3,012,955 2,813,270 3,092,173 3,229,617 3,974,244 3,999,603 3,975,367 Total primary government expenses 10,658,796 10,544,954 10,979,846 13,282,616 12,338,554 14,034,768 15,553,466 15,679,652 16,884,169 16,373,453 Program Revenues:Governmental activities:
Charges for services:
General government 161,415 164,069 157,257 158,226 131,821 310,007 554,504 61,767 108,417 68,993 Public safety 77,918 113,085 120,143 156,305 122,058 149,100 126,067 266,210 265,144 148,905 Public works 86,793 82,010 73,810 81,771 110,290 73,369 196,628 142,637 355,895 212,204 Planning 9,336 39,898 24,085 26,445 202,125 17,106 23,832 26,411 37,872 21,044 Community development 185,550 158,118 187,487 346,695 176,907 189,900 328,235 433,687 557,269 552,814 Recreation and cultural 196,065 158,662 183,871 148,028 200,433 216,850 192,152 122,308 161,518 210,919 Operating grants and contributions 544,142 268,799 623,533 858,463 269,659 234,529 232,497 267,338 205,563 2,948,528 Capital grants and contributions 3,608,120 2,670,915 321,851 965,697 10,096 20,266 4,850 31,466 ‐ 24,682 Total governmental activities program revenues 4,869,339 3,655,556 1,692,037 2,741,630 1,223,389 1,211,127 1,658,765 1,351,824 1,716,360 4,163,407 Business‐type activities:
Charges for services:
Water 1,331,294 1,359,971 1,215,720 1,194,625 1,319,081 1,406,386 1,398,403 1,533,396 1,565,871 1,622,131 Sewer 1,554,294 1,583,394 1,685,647 1,682,722 1,717,921 1,723,331 1,736,749 1,809,363 1,796,444 1,764,539 Operating grants and contributions ‐ ‐ 4,016 ‐ ‐ ‐ ‐ ‐ ‐ ‐ Capital grants and contributions ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ 699,780 483,211 Total business‐type activities program revenues 2,885,588 2,947,381 2,901,367 2,877,347 3,037,002 3,129,717 3,135,152 3,342,759 4,062,095 3,869,881 Total primary government program revenues 7,754,927 6,602,937 4,593,404 5,618,977 4,260,391 4,340,844 4,793,917 4,694,583 5,778,455 8,033,288 Net (expense)/revenue:
Governmental activities (3,152,905) (4,114,374) (6,430,122) (7,528,031) (8,301,895) (9,731,468) (10,665,084) (10,353,584) (11,168,206) (8,234,679) Business‐type activities 249,036 172,357 43,680 (135,608) 223,732 37,544 (94,465) (631,485) 62,492 (105,486) Total primary government net expense (2,903,869) (3,942,017) (6,386,442) (7,663,639) (8,078,163) (9,693,924) (10,759,549) (10,985,069) (11,105,714) (8,340,165) City of Anderson
CHANGES IN NET POSITION – ACCRUAL BASIS OF ACCOUNTING
(Continued)
2013 2014 2015 2016 2017 2018 2019 2020 2021 2022
General Revenues and Other Changes in Net Assets:
Governmental activities:
Taxes:
Sales taxes 2,308,741 2,326,785 3,313,801 3,980,194 3,922,831 4,120,223 4,863,981 4,756,805 5,700,165 6,231,941 Property taxes 1,718,767 1,610,476 1,680,210 1,770,933 1,863,102 1,983,148 2,128,355 2,268,220 2,386,054 2,630,485 Motel taxes 430,433 435,540 491,752 518,685 540,262 538,098 661,406 469,789 647,746 775,875 Special gas taxes 657,436 850,164 854,911 788,112 665,531 730,184 962,747 1,049,857 1,140,165 1,200,065 Franchise taxes 251,896 261,656 273,796 285,836 297,547 316,718 323,879 336,627 353,287 389,396 Other taxes 46,132 44,950 52,904 40,900 49,348 51,668 53,026 56,210 62,224 63,872 Motor vehicle license fees 5,550 4,593 4,437 ‐ 4,143 ‐ ‐ ‐ ‐ ‐ Impact fees 427,302 277,659 331,863 1,059,516 939,240 741,721 825,982 693,381 1,006,884 643,803 Gain/Loss on sale of asset ‐ ‐ 7,435 ‐ 16,000 ‐ 25 ‐ ‐ ‐ Insurance proceeds ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ Investment earnings 348,237 165,650 203,066 263,199 225,203 240,312 220,747 421,697 231,272 89,379 Extraordinary items ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ Transfers 151,491 107,178 105,379 103,578 106,667 117,718 102,551 105,468 103,216 105,653 Total governmental activities 6,345,985 6,092,086 7,312,119 8,815,096 8,625,731 8,839,815 10,142,674 10,158,054 11,631,013 12,130,469 Business‐type activities:
Investment earnings 3,621 2,924 21 5,976 11,227 26,584 58,489 61,493 15,567 6,149 Gain/Loss on sale of asset ‐ ‐ ‐ ‐ ‐ ‐ ‐ 10,316 Transfers (118,935) (107,178) (105,379) (103,578) (106,667) (117,718) (102,551) (105,468) (103,216) (105,653) Total business‐type activities (115,314) (104,254) (105,358) (97,602) (95,440) (91,134) (44,062) (33,659) (87,649) (99,504) Total primary government 6,230,671 5,987,832 7,206,761 8,717,494 8,530,291 8,748,681 10,098,612 10,124,395 11,543,364 12,030,965 Change in Net Position:
Governmental activities 3,193,080 1,977,712 881,997 1,287,065 323,836 (891,653) (522,410) (195,530) 462,807 3,895,790 Business‐type activities 133,722 68,103 (61,678) (233,210) 128,292 (53,590) (138,527) (665,144) (25,157) (204,990) Total primary government $ 3,326,802 $ 2,045,815 $ 820,319 $ 1,053,855 $ 452,128 $ (945,243) $ (660,937) $ (860,674) $ 437,650 $ 3,237,589 City of Anderson
FUND BALANCES OF GOVERNMENTAL FUNDS – MODIFIED ACCRUAL BASIS OF ACCOUNTING
2013 2014 2015 2016 2017 2018 2019 2020 2021 2022
General Fund:
Reserved $ ‐ ‐ $ ‐ $ ‐ $ ‐ $ ‐ $ ‐ $ ‐ $ ‐ $ ‐ $ Unreserved ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ Nonspendable 1,270 42,144 1,900 4,309 109,068 141,119 340,254 324,612 140,764 81,212 Assigned 87,208 72,231 83,108 90,001 137,010 160,108 180,978 211,789 233,163 255,672 Restricted ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ Committed ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ Unassigned 787,886 579,027 1,199,416 2,402,284 3,288,678 2,796,985 3,419,503 3,521,655 2,751,335 5,612,910 Total general fund $ 876,364 $ 693,402 $ 1,284,424 $ 2,496,594 $ 3,534,756 $ 3,098,212 $ 3,940,735 $ 4,058,056 $ 3,125,262 $ 5,949,794 All Other Governmental Funds:
Reserved $ ‐ ‐ $ ‐ $ ‐ $ ‐ $ ‐ $ ‐ $ ‐ $ ‐ $ ‐ $ Unreserved, reported in: ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ Special revenue funds ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ Debt service funds ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐Capital projects funds ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ Nonspendable 9,980,256 9,820,118 9,711,377 9,775,359 9,686,821 191,505 156,522 120,485 120,485 120,485 Restricted 4,122,904 3,668,832 4,477,854 5,528,618 5,806,266 15,539,777 15,769,563 16,122,019 17,072,183 17,631,212 Committed ‐ ‐ ‐ ‐ ‐ 322,680 322,680 ‐ 211,789 ‐ Assigned ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ Unassigned (2,562,444) (2,040,230) (2,290,097) (2,016,995) (2,171,729) (2,052,071) (2,417,756) (2,785,932) (2,245,385) (2,500,655) Total all other governmental funds $ 11,540,716 $ 11,448,720 $ 11,899,134 $ 13,286,982 $ 13,321,358 $ 14,001,891 $ 13,831,009 $ 13,668,361 $ 14,947,283 $ 15,251,042 City of Anderson
CHANGES IN FUND BALANCES OF GOVERNMENTAL FUNDS – MODIFIED ACCRUAL BASIS OF ACCOUNTING
2013 2014 2015 2016 2017 2018 2019 2020 2021 2022
Revenues:
Sales tax 2,343,863 $ $ 2,343,332 $ 3,313,527 $ 3,988,454 $ 3,922,831 $ 4,120,223 $ 4,863,981 $ 4,756,805 $ 5,700,165 $ 6,231,941 Property tax 1,707,845 1,599,841 1,669,411 1,760,138 1,852,514 1,972,450 2,117,585 2,257,302 2,375,358 2,619,583 Motel tax 430,433 435,540 491,752 518,685 540,262 538,098 661,406 469,789 647,746 775,875 Franchise tax 251,896 261,656 273,796 285,836 297,547 316,718 323,879 336,627 353,287 389,396 Licenses and permits 631,404 450,033 560,296 1,384,687 870,843 1,143,308 1,522,891 1,165,378 1,380,911 1,344,021 Fines, forfeitures and penalties 30,095 47,843 89,166 90,737 50,589 50,905 60,643 123,345 150,587 42,983 Use of money and property 77,189 38,042 87,082 91,550 113,471 206,139 275,671 303,718 163,228 110,754 Intergovernmental revenue 4,858,939 3,958,024 1,813,303 2,365,158 962,649 991,158 1,211,117 1,329,097 1,412,573 4,134,242 Charges for current services 502,604 481,205 465,288 481,639 448,907 470,675 432,913 359,681 495,178 572,314 Other revenues 238,021 209,855 217,902 484,537 294,306 243,019 837,408 372,019 546,314 423,022 Total revenues 11,072,289 9,825,371 8,981,523 11,451,421 9,353,919 10,052,693 12,307,494 11,473,761 13,225,347 16,644,131 Expenditures:
Current:
General government 1,663,773 832,086 965,457 761,925 843,383 841,031 786,310 995,621 1,121,006 1,149,565 Public safety 5,610,373 3,562,020 3,735,194 3,990,220 4,101,522 4,624,618 5,072,072 5,490,433 5,739,343 6,891,974 Public works 787,292 658,022 715,908 739,067 685,557 442,817 474,655 662,133 564,374 852,627 Planning 185,229 177,008 186,381 128,632 157,129 213,048 171,055 275,044 296,316 302,893 Community development 600,113 672,104 445,934 658,100 726,289 781,417 1,645,972 842,289 751,389 1,026,687 Recreation and cultural 652,361 657,859 586,096 690,389 779,373 903,991 1,480,625 928,622 1,107,679 1,438,555 Capital outlay 4,050,093 3,019,239 631,715 1,180,820 278,970 1,302,281 1,279,305 1,558,154 2,596,524 1,570,386 Debt Service:
Bond Issuance Costs 64,229 ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ Principal 172,473 354,821 462,611 516,247 536,965 574,579 607,531 680,826 637,184 345,633 Interest and fiscal charges 219,276 409,603 316,263 289,581 278,860 242,640 220,879 191,434 168,620 143,394 Total expenditures 14,005,212 10,342,762 8,045,559 8,954,981 8,388,048 9,926,422 11,738,404 11,624,556 12,982,435 13,721,714 Excess (deficiency) of revenues
over (under) expenditures (2,932,923) (517,391) 935,964 2,496,440 965,871 126,271 569,090 (150,795) 242,912 2,922,417 Other financing sources (uses):
Debt proceeds 3,085,092 ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ Bond Discount ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ Financing Lease ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ Sale of capital assets ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ Insurance Proceeds ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ Gain on sale of assets ‐ 7,435 148,333 103,578 123,459 ‐ 931,718 ‐ ‐ ‐ Operating transfers in 312,707 138,178 ‐ (42,861) (16,792) (814,000) 116,691 119,820 2,117,516 120,053 Operating transfers out (108,936) ‐ (31,000) ‐ ‐ ‐ (14,140) (14,352) (2,014,300) (14,400)Leases (as lessee) ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ 100,221 Total other financing sources (uses) 3,288,863 114,613 105,472 103,578 106,667 117,718 102,551 105,468 103,216 205,874 Special Item:
Principal payment of Oaks loan ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ Net change in fund balance $ 355,940 $ (402,778) $ 1,041,436 $ 2,600,018 $ 1,072,538 $ 243,989 $ 671,641 $ (45,327) $ 346,128 $ 3,128,291 Debt service as a percentage of non capital expenditures 3.94% 10.44% 10.51% 10.37% 10.06% 9.48% 7.92% 8.67% 7.76% 4.02% City of Anderson
GENERAL FUND BALANCE COMPARED TO ANNUAL APPROPRIATIONS
Undesignated/
Unassigned Annual Balance as % of
Fiscal Year Fund Balance Appropriations Appropriations
2012‐2013 787,886 $ $ 8,461,777 9.3%2013‐2014 579,027 $ $ 5,489,575 10.5% 2014‐2015 1,199,416 $ $ 6,078,065 19.7%2015‐2016 2,402,284 $ $ 6,359,308 37.8%2016‐2017 3,288,678 $ $ 6,760,668 48.6%2017‐2018 2,796,985 $ $ 7,638,488 36.6%2018‐2019 3,419,503 $ $ 8,664,567 39.5%2019‐2020 3,521,655 $ $ 8,928,286 39.4%2020‐2021 2,751,335 $ $ 9,245,798 29.8%2021‐2022 5,612,910 $ $ 11,149,926 50.3% Source: City of Anderson Financial Report
City of Anderson
GENERAL FUND REVENUES BY SOURCE
Fines,
Licenses Intergovern‐ Charges for Forfeitures, Interest and Fiscal Year Taxes and Permits mental Services and Penalties Dividends Miscellaneous Total 2012‐2013 4,542,853 $ $ 204,102 $ 92,229 $ 502,604 $ ‐ 30,095 $ $ 118,440 $ 5,490,323 2013‐2014 4,531,048 $ $ 172,374 $ 53,596 $ 481,205 $ ‐ 26,904 $ $ 110,981 $ 5,376,108 2014‐2015 5,637,145 $ $ 228,433 $ 137,966 $ 465,288 $ ‐ 70,110 $ $ 134,983 $ 6,673,9252015‐2016 6,444,845 $ $ 325,171 $ 160,931 $ 481,639 $ ‐ 25,980 $ $ 132,912 $ 7,571,478 2016‐2017 6,501,252 $ $ 471,513 $ 119,524 $ 448,907 $ ‐ 33,251 $ $ 224,383 $ 7,798,830 2017‐2018 6,834,106 $ $ 319,514 $ 150,279 $ 470,675 $ ‐ 39,779 $ $ 187,591 $ 8,001,944 2018‐2019 7,855,393 $ $ 361,237 $ 131,946 $ 432,913 $ ‐ 58,414 $ $ 667,277 $ 9,507,180 2019‐2020 7,709,244 $ $ 471,290 $ 136,047 $ 359,681 $ ‐ 116,724 $ $ 252,621 $ 9,045,607 2020‐2021 8,963,486 $ $ 504,309 $ 113,865 $ 495,178 $ ‐ 37,949 $ $ 198,217 $ 10,313,0042021‐2022 9,904,551 $ $ 520,603 $ 2,631,683 $ 572,314 $ ‐ 42,025 $ $ 203,061 $ 13,874,237Note: The schedule above includes only those revenues recorded in the General Fund.
Source: City of Anderson Financial Report
City of Anderson
GENERAL FUND TAX REVENUES BY SOURCE
Transient
General Sales and Occupancy Property
Fiscal Year Property Tax Use Tax Tax Transfer Tax Franchise Tax 2012‐2013 1,488,553 $ $ 2,343,863 $ 430,433 $ 28,108 $ 251,896 2013‐2014 1,466,739 $ $ 2,343,332 $ 435,540 $ 23,781 $ 261,656 2014‐2015 1,536,466 $ $ 3,313,527 $ 491,752 $ 21,604 $ 273,796 2015‐2016 1,642,105 $ $ 3,988,454 $ 518,685 $ 9,765 $ 285,836 2016‐2017 1,708,040 $ $ 3,922,831 $ 540,262 $ 32,572 $ 297,547 2017‐2018 1,822,763 $ $ 4,120,223 $ 538,098 $ 36,304 $ 316,718 2018‐2019 1,968,856 $ $ 4,863,981 $ 661,406 $ 37,271 $ 323,8792019‐2020 2,102,068 $ $ 4,756,805 $ 469,789 $ 43,955 $ 336,6272020‐2021 2,210,712 $ $ 5,700,165 $ 647,746 $ 51,576 $ 353,2872021‐2022 2,441,482 $ $ 6,231,941 $ 775,875 $ 65,857 $ 389,396Note: The schedule above includes only those revenues recorded in the General Fund.
Note: This revenue includes Property Tax in Lieu VLF which in prior years has been reclassified separately.Source: City of Anderson Financial Report City of Anderson
GOVERNMENTAL FUNDS EXPENDITURES BY FUNCTION
Recreation
General Community Public Public Parks and Capital Debt
Fiscal Year Government Planning Development Safety Works Cultural Outlay Service Total 2012‐2013 1,663,773 $ $ 185,229 $ 600,113 $ 5,610,373 $ 787,292 $ 652,361 $ 4,050,093 $ 455,978 $ 14,005,212 2013‐2014 832,086 $ $ 177,008 $ 672,104 $ 3,562,020 $ 658,022 $ 657,859 $ 3,019,239 $ 764,424 $ 10,342,762 2014‐2015 965,457 $ $ 186,381 $ 445,934 $ 3,735,194 $ 715,908 $ 586,096 $ 631,715 $ 778,874 $ 8,045,559 2015‐2016 761,925 $ $ 128,632 $ 658,100 $ 3,990,220 $ 739,067 $ 690,389 $ 1,180,820 $ 805,828 $ 8,954,981 2016‐2017 843,383 $ $ 157,129 $ 726,289 $ 4,101,522 $ 685,557 $ 779,373 $ 278,970 $ 815,825 $ 8,388,048 2017‐2018 841,031 $ $ 213,048 $ 781,417 $ 4,624,618 $ 442,817 $ 903,991 $ 1,302,281 $ 817,219 $ 9,926,422 2018‐2019 786,310 $ $ 171,055 $ 1,645,972 $ 5,072,072 $ 474,655 $ 1,480,625 $ 1,279,305 $ 828,410 $ 11,738,404 2019‐2020 995,621 $ $ 275,044 $ 842,289 $ 5,490,433 $ 662,133 $ 928,622 $ 1,558,154 $ 872,260 $ 11,624,556 2020‐2021 1,121,006 $ $ 296,316 $ 751,389 $ 5,739,343 $ 564,374 $ 1,107,679 $ 2,596,524 $ 805,804 $ 12,982,435 2021‐2022 1,149,565 $ $ 302,893 $ 1,026,687 $ 6,891,974 $ 852,627 $ 1,438,555 $ 1,570,386 $ 489,027 $ 13,721,714 The schedule above includes only those expenditures recorded in the general fund, special revenue, debt service and capital projects funds.
Source: City of Anderson Financial Report
City of Anderson
SPECIAL ASSESSMENT BILLINGS AND COLLECTIONS
Special Special
Assessment Assessment
Billings Collected
2012‐2013 147,969 $ $ 154,034
2013‐2014 149,431 $ $ 149,855
2014‐2015 150,137 $ $ 149,651
2015‐2016 144,618 $ $ 148,660
2016‐2017 134,584 $ $ 136,115
2017‐2018 144,567 $ $ 149,931
2018‐2019 146,494 $ $ 145,761
2019‐2020 149,966 $ $ 147,373
2020‐2021 150,018 $ $ 149,538
2020‐2021 162,049 $ $ 163,438
Fiscal Year
City of Anderson
PROPERTY TAX – RATES (DIRECT AND OVERLAPPING GOVERNMENTS) AND CITY LEVIES AND COLLECTIONS
City of Anderson
City of Anderson Rates Overlapping Rates Levies and Collections Shasta
Anderson Tehama Total Percent of
Basic Total Union High Trinity Direct and of Current
Countywide Direct School Community Overlapping Total Tax Current Tax Taxes Fiscal Year Levy* City* Tax Rate* District College Rates Levy Collections** Collected** 2012‐2013 1.0000% 0.0000% 1.0000% 0.0000% 0.0054% 1.0054% 524,890 $ $ 511,655 97.48% 2013‐2014 1.0000% 0.0000% 1.0000% 0.0185% 0.0088% 1.0273% 541,892 $ $ 525,263 96.93% 2014‐2015 1.0000% 0.0000% 1.0000% 0.0000% 0.0000% 1.0000% 574,983 $ $ 562,940 97.91% 2015‐2016 1.0000% 0.0000% 1.0000% 0.0000% 0.0000% 1.0000% 601,822 $ $ 589,872 98.01% 2016‐2017 1.0000% 0.0000% 1.0000% 0.0089% 0.0057% 1.0146% 622,695 $ $ 611,615 98.22% 2017‐2018 1.0000% 0.0000% 1.0000% 0.0198% 0.0082% 1.0280% 745,892 $ $ 735,272 98.58% 2018‐2019 1.0000% 0.0000% 1.0000% 0.0191% 0.0037% 1.0228% 829,873 $ $ 742,504 89.47% 2019‐2020 1.0000% 0.0000% 1.0000% 0.0157% 0.0033% 1.0190% 871,098 $ $ 778,729 89.40% 2020‐2021 1.0000% 0.0000% 1.0000% 0.0000% 0.0000% 1.0000% 940,210 $ $ 838,257 89.16% 2021‐2022 1.0000% 0.0000% 1.0000% 0.0000% 0.0000% 1.0000% 1,006,930 $ $ 896,498 89.03% * On June 6, 1978, California voters approved an amendment to Article XIIIA of the State Constitution. The amendment, commonly known as Proposition 13, limits the taxing power of California public agencies. The California Legislature enacted legislation to implement Article XIIIA (Statues of 1978, Chapter 292, as emended) providing that local agencies may not levy any property tax except to pay debt service on indebtedness approved by voters prior to July 1, 1978, and that each county will levy the maximum tax permitted of $1.00 per $100 of full assessed value. ** Amounts effected by alternate method of apportioning. Participating agencies are paid 100% of the current levy adjusted by file maintenance.
Source: Shasta County Auditor/Controller's Office
City of Anderson
ASSESSED VALUE AND ESTIMATED ACTUAL VALUE OF TAXABLE PROPERTYLast Ten Fiscal Years
Total
Secured Roll Unsecured Roll Gross Net
Assessed Assessed Assessed Less Assessed
Fiscal Year Value Value Value Exemptions Value
2012‐2013 572,132,291 $ $ 38,502,066 $ 610,634,357 $ 72,164,485 $ 538,469,872 2013‐2014 617,152,132 $ $ 37,634,368 $ 654,786,500 $ 75,198,645 $ 579,587,855 2014‐2015 648,662,132 $ $ 37,649,568 $ 686,311,700 $ 77,543,292 $ 608,768,408 2015‐2016 682,636,291 $ $ 36,765,633 $ 719,401,924 $ 79,221,746 $ 640,180,178 2016‐2017 722,596,581 $ $ 36,894,132 $ 759,490,713 $ 76,031,062 $ 683,459,651 2017‐2018 662,834,214 $ $ 31,862,331 $ 694,696,545 $ 80,416,865 $ 614,279,680 2018‐2019 743,583,732 $ $ 36,309,419 $ 779,893,151 $ 94,799,699 $ 685,093,452 2019‐2020 878,800,142 $ $ 44,044,388 $ 922,844,530 $ 97,350,106 $ 825,494,424 2020‐2021 938,268,416 $ $ 58,430,840 $ 996,699,256 $ 99,020,421 $ 897,678,835 2021‐2022 1,014,950,740 $ $ 55,473,824 $ 1,070,424,564 $ 104,794,948 $ 965,629,616 Source: Shasta County Assessor's Annual Report
Note:In 1978, the voters of the State of California passed Proposition 13 which limited property taxes to a maximum rate of 1% based upon the assessed value of the property being taxed. Each year, the assessed valuation may be increased by an "inflation factor" (limited to a maximum increase of 2%). With some exceptions, property is only reassessed at the time that it is sold to a new owner. At that point, the new assessed value is reassessed at the purchase price of the property sold. The assessed valuation data shown above represents the only data currently available with respect to the actual market value of taxable property and is subject to the limitations described above.
These are Gross Taxable Values
City of Anderson
PRINCIPAL SECURED PROPERTY TAXPAYERSJune 30, 2022 and 2012
2022 2012
Percentage Percentage
2022 of Total 2012 of Total
Type of 2022 Assessed Assessed 2012 Assessed Assessed
Taxpayer Business Rank Valuation Valuation Rank Valuation Valuation Walmart Real Estate Trust Retail Store 1 19,370,000 $ 2.46% 1 17,500,000 $ 3.10% Branagh Kimberly Lyn Etal Retail Outlets 2 11,317,224 1.44% 2 9,606,237 1.70%Legerity Group, LLC Apartments 3 9,720,030 1.24% 8 5,500,000 0.98% Anderson Property Corporation Medical/Dental/Labs 4 8,895,347 1.13% n/a ‐ 0.00% Anderson Senior Apartments Apartments 5 8,237,085 1.05% 4 7,175,927 1.27% Anderson Pacific Associates Apartments 6 7,189,647 0.91% 7 5,953,180 1.06% Safeway Holdings, Inc. Grocery 7 6,742,872 0.86% 5 6,586,495 1.17% Realty Income Properties (Prev. GE Hansen) Retail Sales 8 6,200,000 0.79% n/a ‐ 0.00% Izabella Investment, LLC Commercial 9 6,006,019 0.75% n/a ‐ 0.00%Anderson Regency II Associates Apartments 10 5,754,500 0.73% n/a ‐ 0.00%Atman Hospitality Commercial n/a ‐ 0.00% 3 7,136,703 1.27% MJ Properties Investment Property n/a ‐ 0.00% 6 6,554,680 1.16%Danny Gamel Commercial n/a ‐ 0.00% 9 5,466,871 0.97% Anderson Shasta Comm. Partners, LP Apartments n/a ‐ 0.00% 10 3,191,367 0.57% Top Ten Secured Valuation 89,432,724 11.36% 74,671,460 13.24%Other Secured 697,258,205 88.63% 489,235,633 86.76% Total Secured ‐ Net of Exemptions 786,690,929 $ 99.99% 563,907,093 $ 100.00% Sources: Shasta County Assessor's Annual Report; City of Anderson Development Services Department Assessor's Annual Report for 1‐1 Secured Less Exemptions City of Anderson
PROPERTY VALUE AND CONSTRUCTION
Commercial Construction
Number of Number of
Permits Value Permits Value
2012‐2013 64 1,000,424 $ 249 7,916,332 $
2013‐2014 69 940,459 $ 248 5,180,953 $2014‐2015 68 1,898,388 $ 245 5,512,229 $2015‐2016 5 3,846,141 $ 39 7,630,526 $2016‐2017 82 14,822,496 $ 344 12,707,058 $2017‐2018 48 2,602,443 $ 379 12,655,783 $2018‐2019 90 5,904,829 $ 844 11,807,209 $2019‐2020 105 6,238,291 $ 502 18,179,065 $2020‐2021 202 28,015,930 $ 497 3,167,455 $2021‐2022 59 5,204,334 $ 581 17,537,493 $Source: City of Anderson Development Services Department Residential and commercial construction reflect new and additions to building activity only New construction residential includes both single family and multifamily dwellings Residential Construction
Fiscal Year
City of Anderson
RATIO OF OUTSTANDING DEBT BY TYPE
Governmental Activities Business‐Type Activities
General Special Tax Total Percentage Debt
Obligation Assessment Allocation Financing Right‐to‐Use Revenue Financing Primary of Personal Per Fiscal Year Bonds Bonds Bonds Loans Leases Leases Bonds Loans Leases Government Population Income (1) Capita 2012‐2013 $ ‐ $ ‐ 3,210,000 $ $ 4,060,198 $ ‐ 1,016,983 $ $ 204,000 $ 541,972 $ 53,096 $ 9,086,249 ‐ 10,267 885 2013‐2014 $ ‐ $ ‐ 3,133,000 $ $ 3,803,129 $ ‐ 900,637 $ $ 200,500 $ ‐ 506,482 $ $ 8,543,748 ‐ 10,361 825 2014‐2015 $ ‐ $ ‐ 3,055,000 $ $ 3,401,658 $ ‐ 869,682 $ $ 197,000 $ ‐ 455,782 $ $ 7,979,122 ‐ 10,269 777 2015‐2016 $ ‐ $ ‐ 2,975,000 $ $ 2,943,935 $ ‐ 944,581 $ $ 193,000 $ ‐ 398,062 $ $ 7,454,578 ‐ 10,485 711 2016‐2017 $ ‐ $ ‐ 2,889,000 $ $ 2,470,785 $ ‐ 911,806 $ $ 189,000 $ ‐ 338,521 $ $ 6,799,112 ‐ 10,450 651 2017‐2018 $ ‐ $ ‐ 2,801,000 $ $ 1,959,111 $ ‐ 857,837 $ $ 185,000 $ ‐ 272,949 $ $ 6,075,897 ‐ 10,370 586 2018‐2019 $ ‐ $ ‐ 2,711,000 $ $ 1,413,286 $ ‐ 864,811 $ $ 180,500 $ ‐ 200,889 $ $ 5,370,486 ‐ 10,476 513 2019‐2020 $ ‐ $ ‐ 2,615,000 $ $ 794,871 $ ‐ 791,656 $ $ 176,000 $ ‐ 120,938 $ $ 4,498,465 ‐ 10,671 422 2020‐2021 $ ‐ $ ‐ 2,517,000 $ $ 221,197 $ ‐ 1,020,531 $ $ 171,500 $ ‐ 34,507 $ $ 3,964,735 ‐ 10,702 370 2021‐2022 $ ‐ $ ‐ 2,412,000 $ ‐ $ $ 884,893 $ 765,156 $ ‐ 166,500 $ ‐ $ $ 4,228,549 ‐ 11,133 380 Source: City of Anderson Financial Report
U.S. Census Bureau
State of California, Department of Finance, Demographic Research Unit (1) This information is not available for the City of Anderson (2) No further classification information was published in the Comprehensive Annual Financial Report in Fiscal Year 2003‐2004 City of Anderson
RATIO OF GENERAL BONDED DEBT OUTSTANDINGLast Ten Fiscal Years
Less: Amount
General Available in Percentage Net
Obligation Debt Service of Assessed Per City Assessed
Fiscal Year Debt Fund Total Value Capita Population Value 2012‐2013 $ ‐ ‐ $ ‐ $ ‐ ‐ $ 10,267 538,469,872 $ 2013‐2014 $ ‐ ‐ $ ‐ $ ‐ ‐ $ 10,361 579,587,855 $ 2014‐2015 $ ‐ ‐ $ ‐ $ ‐ ‐ $ 10,269 608,768,408 $ 2015‐2016 $ ‐ ‐ $ ‐ $ ‐ ‐ $ 10,485 640,180,178 $ 2016‐2017 $ ‐ ‐ $ ‐ $ ‐ ‐ $ 10,450 683,459,651 $ 2017‐2018 $ ‐ ‐ $ ‐ $ ‐ ‐ $ 10,370 739,308,930 $ 2018‐2019 $ ‐ ‐ $ ‐ $ ‐ ‐ $ 10,431 779,893,151 $ 2019‐2020 $ ‐ ‐ $ ‐ $ ‐ ‐ $ 10,671 825,494,424 $ 2020‐2021 $ ‐ ‐ $ ‐ $ ‐ ‐ $ 10,702 897,678,835 $ 2021‐2022 $ ‐ ‐ $ ‐ $ ‐ ‐ $ 11,133 $ 965,629,616 Source: Shasta County Assessor's Annual Report
City of Anderson Finance Department
City of Anderson
RATIO OF NET BONDED DEBT TO ASSESSED VALUE AND NET BONDED DEBT PER CAPITA
Percentage of
Debt Net Bonded Net
Gross Payable from Net Total Debt to Bonded
Estimated Bonded Enterprise Bonded Assessed Assessed Debt per Fiscal Year Population Debt Revenue Debt Valuation Value Capita 2012‐2013 10,267 $ 9,086,249 $ 799,068 $ 8,287,181 $ 538,469,872 1.54% 807.17 $ 2013‐2014 10,361 $ 8,543,748 $ 706,982 $ 7,836,766 $ 579,587,855 1.35% 756.37 $2014‐2015 10,269 $ 7,979,122 $ 652,782 $ 7,326,340 $ 608,768,408 1.20% 713.44 $2015‐2016 10,485 $ 7,454,578 $ 591,062 $ 6,863,516 $ 640,180,178 1.07% 654.60 $2016‐2017 10,450 $ 6,799,112 $ 527,521 $ 6,271,591 $ 683,459,651 0.92% 600.15 $ 2017‐2018 10,370 $ 6,075,897 $ 457,949 $ 5,617,948 $ 739,308,930 0.76% 541.75 $2018‐2019 10,431 $ 5,370,486 $ 381,389 $ 4,989,097 $ 779,893,151 0.64% 478.30 $2019‐2020 10,671 $ 4,498,465 $ 296,938 $ 4,201,527 $ 825,494,424 0.51% 393.73 $2020‐2021 10,702 $ 3,964,735 $ 206,007 $ 3,758,728 $ 897,678,835 0.42% 351.22 $2021‐2022 11,133 $ 3,463,393 $ 166,500 $ 3,296,893 $ 965,629,616 0.34% 296.14 $ Source: City of Anderson Financial Report
City of Anderson
RATIO OF ANNUAL DEBT SERVICE FOR BONDED DEBT TO TOTAL GENERAL EXPENDITURES
Ratio of Debt
Total Total Service to
Bonded Debt General General
Fiscal Year Debt Service Expenditures Expenditures
2012‐2013 8,287,181 $ $ 455,978 $ 14,005,212 3.26%
2013‐2014 7,836,766 $ $ 414,749 $ 10,087,667 4.11%
2014‐2015 7,326,340 $ $ 778,874 $ 8,045,559 9.68%
2015‐2016 6,863,516 $ $ 805,828 $ 8,954,981 9.00%
2016‐2017 6,271,591 $ $ 815,825 $ 8,388,048 9.73%
2017‐2018 5,617,948 $ $ 817,219 $ 9,926,422 8.23%
2018‐2019 4,989,097 $ $ 828,410 $ 11,738,404 7.06%
2019‐2020 4,201,527 $ $ 872,260 $ 11,624,556 7.50%
2020‐2021 3,758,728 $ $ 805,804 $ 12,982,435 6.21%
2021‐2022 3,296,893 $ $ 489,027 $ 13,721,714 3.56%
Source: City of Anderson Financial Report
City of Anderson
DIRECT AND OVERLAPPING GOVERNMENTAL ACTIVITIES DEBTJune 30, 2022
Net General
Obligation Percentage
Bonded Debt Applicable City Share
Jurisdiction Outstanding to City of Debt
Overlapping Debt Repaid with Property Tax:
Anderson High School 10,890,547 $ 21.28% 2,317,508 $
Cottonwood School District 396,011 92.30% 365,518
Cascade 17,348,418 62.39% 10,823,678
Shasta College 128,025,000 4.10% 5,249,025
Shasta Joint Powers Financing Authority 20,475,000 4.09% 837,428 Total overlapping debt 177,134,976 19,593,157City of Anderson direct debt:
Anderson Redevelopment Agency 2015 5,935,000 100.00% 5,935,000 Discount on 2015 Series Bond (144,403) 100.00% (144,403) Total direct debt 5,790,597 5,790,597Total direct and overlapping debt 182,925,573 $ $ 25,383,754Source: Shasta County Auditor/Controller's Office City of Anderson Financial Report
City of Anderson
COMPUTATION OF LEGAL DEBT MARGIN
2022 2021 2020 2019 2018 2017 2016 2015 2014 2013
Net Assessed Value 965,629,616 $ $ 897,678,835 $ 825,494,424 $ 779,893,151 $ 739,308,930 $ 683,459,651 $ 640,180,178 $ 608,768,408 $ 579,587,855 $ 538,469,872 Plus Exempt Property (104,794,948) (99,020,421) (97,350,106) (94,799,699) (80,416,865) 76,031,062 79,221,746 77,543,292 75,198,645 72,164,485 Total Assessed Value 860,834,668 $ $ 798,658,414 $ 728,144,318 $ 685,093,452 $ 658,892,065 $ 759,490,713 $ 719,401,924 $ 686,311,700 $ 654,786,500 $ 610,634,357 Debt Limit
15% of Total Assessed Value 129,125,200 $ $ 119,798,762 $ 109,221,648 $ 102,764,018 $ 98,833,810 $ 113,923,607 $ 107,910,289 $ 102,946,755 $ 98,217,975 $ 91,595,154 Less Outstanding General
Obligation Debt 20,475,000 24,810,000 24,810,000 26,890,000 28,910,000 6,271,591 6,863,516 7,326,340 7,836,766 8,287,181 Legal Debt Margin 108,650,200 $ $ 94,988,762 $ 84,411,648 $ 75,874,018 $ 69,923,810 $ 107,652,016 $ 101,046,773 $ 95,620,415 $ 90,381,209 $ 83,307,973 Source: Shasta County Auditor's Office and City of Anderson Financial Report City of Anderson
PLEDGED REVENUE COVERAGE
Tax Allocation Bonds Special Assessment Bonds
Tax Debt Service Tax Debt Service
Fiscal Year Increment Principal Interest Coverage Increment Principal Interest Coverage 2012‐2013 657,259 $ $ 90,000 $ 378,106 1.40 $ 109,986 $ 31,000 $ 78,986 1.00 2013‐2014 547,781 $ $ 120,000 $ 373,887 1.11 $ 109,321 $ 32,000 $ 77,594 1.00 2014‐2015 603,578 $ $ 155,000 $ 368,268 1.15 $ 111,341 $ 33,000 $ 75,157 1.03 2015‐2016 668,168 $ $ 160,000 $ 366,597 1.27 $ 108,268 $ 35,000 $ 74,641 0.99 2016‐2017 752,585 $ $ 210,000 $ 257,638 1.61 $ 111,902 $ 36,000 $ 86,147 0.92 2017‐2018 702,868 $ $ 230,000 $ 251,038 1.46 $ 113,383 $ 38,000 $ 71,427 1.04 2018‐2019 734,768 $ $ 235,000 $ 244,063 1.53 $ 111,458 $ 40,000 $ 69,692 1.02 2019‐2020 493,237 $ $ 245,000 $ 236,863 1.02 $ 111,279 $ 41,000 $ 67,904 1.02 2020‐2021 601,200 $ $ 250,000 $ 225,884 1.26 $ 113,070 $ 43,000 $ 66,040 1.04 2021‐2022 577,252 $ $ 260,000 $ 225,263 1.19 $ 112,244 $ 45,000 $ 64,085 1.03 City of Anderson
GENERAL INFORMATION
June 30, 2022
Date of Incorporation January 16, 1956 Fire Protection Public Elementary Schools 4 Population 11,133 Number of stations 1 Classrooms 77
Number of Registered Voter 6,035 Number of firefighters 13 Teachers 59 Area in Acres 4,323 Number of volunteers 0 Students 1,085 Form of Government Council/Manager Police Protection High Schools 6 Employees Number of stations 1 Classrooms 87
Full‐time 56 Number of police officers 24 Teachers 83
Part‐time 7 Number of records clerks 7 Students 1,616
Miles of Streets 55.38 Reserve officer 1
Number of Street Lights 480
Recreational Services Water and Sewer Facilities
Community Center 1 Water System Care Center (Nursing Home) 1 Arts & Crafts Room 1 Number of connections 3,615 Number of patient beds 143 Meeting Hall ‐ Scout Hall 1 Average daily consumption 2.03 MGD Number of staff members 205 Parks 3 Length of water mains 48.45 Fairgrounds 1
Parks acreage (improved) 136 Wastewater System Number of full‐time staff 4 Parks acreage (unimproved) 318 Number of connections 4,843 Number of part‐time staff 4 Dog Park 1 Length of sewer lines 41.8 Number of acres 65 Skate Park 1Disc Golf Course 1Baseball Fields 5Soccer Fields 1Basketball Courts 2 Bocce Ball Courts 3
Pickleball Courts 4Tennis Courts 1
Miscellaneous Information Public Safety Services Educational Facilities Other Community Facilities
City of Anderson
PRINCIPAL EMPLOYERS
2022 2012
Percentage of Percentage of
Total City Total City
Employer Employees Rank Employment Employees Rank Employment Walmart Supercenter 331 1 8.7% 321 1 8.4%Oak River (Rehab Specialties) Inn 182 2 4.8% 188 2 4.9% Anderson Union High School District 205 3 5.4% 288 3 7.6% Cascade Union Elementary School District 121 4 3.2% 127 4 3.3% Safeway 123 5 3.2% 103 5 2.7%City of Anderson 73 6 1.9% 60 7 1.6% Harbert Roofing 53 7 1.4% ‐ ‐ 0.0% Nor‐Cal Kenworth ‐ Anderson 52 7 1.4% ‐ ‐ 0.0%Voorwood Company 50 8 1.3% ‐ ‐ 0.0% Stier's RV 50 9 1.3% ‐ ‐ 0.0% Taco Bell 44 10 1.2% ‐ ‐ 0.0% Total Employment, City of Anderson 3,800 3,800
Source: City Business License records and California Employment Development Department City of Anderson
ECONOMIC INFORMATION
Per Capital
Unemployment Personal Personal
Year Population Rate (1) Income (2) Income (2)
2013 10,267 9.8% $ ‐ ‐ $
2014 10,361 10.1% $ ‐ ‐ $
2015 10,269 9.5% $ ‐ ‐ $
2016 10,485 8.0% $ ‐ ‐ $
2017 10,450 6.9% $ ‐ ‐ $
2018 10,370 7.2% $ ‐ ‐ $
2019 10,431 5.8% $ ‐ ‐ $
2020 10,671 7.3% $ ‐ $ 46,113
2021 10,702 4.2% $ ‐ $ 51,514
2022 11,133 4.2% $ ‐ $ 54,972
Notes: (1) The California Employment Development Department does not publish unemployment rates for the City of Anderson prior to 2006. (2) This data is not available for the City of Anderson. Data shown is taken as a percentage of per capita income for Shasta County, consistent with US Census ratios in the 2010 census. Data is only available through 2019.
Source: California Department of Finance, California Employment Development Department, 2017 US Census, US Department of Commerce, Bureau of Economic Analysis
City of Anderson
OPERATING AND CAPITAL INDICATORS
Year Area in Acres Street Miles
Park Acreage
(improved)
Water
Connections
Sewer
Connections
Police Calls for
Service
2013 4,323 55.4 136 3,298 3,017 23,423
2014 4,323 55.4 136 3,328 3,084 19,700
2015 4,323 55.4 136 3,328 4,430 17,320
2016 4,323 55.4 136 3,410 4,714 29,333
2017 4,323 55.4 136 3,443 4,739 29,546
2018 4,323 55.4 136 3,443 4,739 22,883
2019 4,323 55.4 136 3,550 4,805 23,6052020 4,323 55.4 136 3,566 4,843 13,3102021 4,323 55.4 136 3,615 4,843 13,3822022 4,323 55.4 136 3,615 4,843 14,101 Source: California Department of Finance and City of Anderson records City of Anderson
AUTHORIZED FULL‐TIME EQUIVALENT EMPLOYEES BY DEPARTMENT
June 30, 2022 June 30, 2021 June 30, 2020 June 30, 2019 June 30, 2018 June 30, 2017 June 30, 2016 June 30, 2015 June 30, 2014 June 30, 2013 Department FTE FTE FTE FTE FTE FTE FTE FTE FTE FTE
City Attorney ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ Planning 2.00 4.00 2.50 5.00 4.50 2.50 0.50 2.50 2.50 2.50 City Manager, City Clerk, and Personnel 3.00 2.00 3.00 4.00 3.00 3.00 3.00 3.00 4.00 4.00 Finance 4.40 5.41 4.41 4.41 4.41 4.41 4.82 4.00 4.00 4.00 Parks and Recreation 1.00 1.00 1.00 2.00 1.00 1.00 1.14 1.14 1.14 3.32 Public Works 24.00 20.00 22.00 21.41 19.64 19.64 21.64 16.91 17.64 17.41Police 27.00 27.82 28.23 30.05 29.78 27.00 23.55 25.14 22.64 21.14Total City 61.40 60.23 61.14 66.87 62.33 57.55 54.65 52.69 51.92 52.37 Source: City of Anderson Personnel Department
City of Anderson
WATER AND SEWER RATESLast Ten Fiscal Years
Monthly Rate per Monthly Rate per
Base cu.ft over the Base 100 cu. Ft. of
Rate 1000 cu. ft base Rate water consumed
11.15 1.08 20.35 1.3811.15 1.08 20.35 1.3811.71 1.14 21.36 1.4512.30 1.19 22.44 1.5212.30 1.19 22.44 1.52
12.30 1.19 22.44 1.5212.30 1.19 22.44 1.5212.30 1.19 22.44 1.5213.02 1.27 22.44 1.5213.56 1.34 22.44 1.52 Notes: Rates are based on a 3/4" or 5/8" meter, which is a standard household meter size.
Source: City of Anderson Public Works Department
2021‐2022
Water Sewer
Fiscal Year
2017‐20182016‐20172015‐20162020‐20212012‐20132013‐20142014‐20152019‐20202018‐2019
GAO SECTION
City of Anderson
SCHEDULE OF EXPENDITURES OF FEDERAL AWARDSYear Ended June 30, 2022
Assitance Passed
Listing Grant/Project Disbursements/ Through To
Federal Grantor/Pass‐Through Grantor/Program Title Number Number Expenditures Subrecipients
FEDERAL EXPENDITURES
U.S. Department of Housing and Urban Development
Passed through from State of California Department of Housing and Community DevelopmentCOVID‐19 Community Development Block Grant ‐Coronavirus CV1 and CV2/3 14.228 20‐CDBG‐CV2‐3‐00052 214,345 $ ‐ $ Total U.S. Department of Housing and Urban Development ‐ 214,345 U.S. Department of the Treasury
COVID‐19 Coronavirus State and Local Fiscal Recovery Funds 21.027 N/A 2,542,922 ‐ Total U.S. Department of the Treasury ‐ 2,542,922 Total Federal Eexpenditures $ ‐ 2,757,267 $ See accompanying notes to the Schedule of Expenditures of Federal Awards.
Basis of Presentation
The accompanying schedule of expenditures of federal awards includes the federal award activity of the City under programs of the federal government for the year ended June 30, 2022. The information in this schedule is presented in accordance with the requirements of Title 2 U.S.
Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Because this schedule presents only a selected portion of the operations of the City, it is not intended to, and does not, present the net position, activities, or cash flows of the City.
Summary of Significant Accounting PoliciesExpenditures reported on the schedule are reported on the accrual basis of accounting. Such expenditures are recognized following cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowed or are limited as to reimbursement.
Indirect Cost RateThe City did not elect the use the 10% de minimis method for indirect costs rate allowed under the Uniform Guidance.
INDEPENDENT AUDITORS’ REPORT ON INTERNAL CONTROL OVER FINANCIAL REPORTING AND ON
COMPLIANCE AND OTHER MATTERS BASED ON AN AUDIT OF FINANCIAL STATEMENTS PERFORMED
IN ACCORDANCE WITH GOVERNMENT AUDITING STANDARDS
To the Honorable Mayor and City Council
City of Anderson, California
We have audited, 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, the financial statements of the governmental activities, the business‐type activities, each major fund, and the aggregate remaining fund information of the City of Anderson (the City) as of and for the year ended June 30, 2022, and the related notes to the financial statements, which collectively comprise the City’s basic financial statements, and have issued our report thereon dated June 14, 2023.
Internal Control over Financial ReportingIn planning and performing our audit of the financial statements, we considered the City’s internal control over financial reporting (internal control) as a basis for designing audit procedures that are appropriate in the circumstances for the purpose of expressing our opinions on the financial statements, but not for the purpose of expressing an opinion on the effectiveness of the City’s internal control. Accordingly, we do not express an opinion on the effectiveness of the City’s internal control.
A deficiency in internal control exists when the design or operation of a control does not allow management or employees in the normal course of performing their assigned functions, to prevent, or detect and correct misstatements on a timely basis. A material weakness is a deficiency, or a combination of deficiencies, in internal control, such that there is a reasonable possibility that a material misstatement of the City’s financial statements will not be prevented, or detected and corrected on a timely basis. A significant deficiency is a deficiency, or a combination of deficiencies, in internal control that is less severe than a material weakness, yet important enough to merit attention by those charged with governance.
INDEPENDENT AUDITORS’ REPORT ON INTERNAL CONTROL OVER FINANCIAL REPORTING AND ON
COMPLIANCE AND OTHER MATTERS BASED ON AN AUDIT OF FINANCIAL STATEMENTS PERFORMEDIN ACCORDANCE WITH GOVERNMENT AUDITING STANDARDS (Continued)
Our consideration of internal control was for the limited purpose described in the first paragraph of this section and was not designed to identify all deficiencies in internal control that might be material weaknesses or significant deficiencies and therefore, material weaknesses or significant deficiencies may exist that were not identified. Given these limitations, during our audit we did not identify any deficiencies in internal control over financial reporting that we consider to be material weaknesses. We did identify a certain deficiency in internal control, described in the accompanying Schedule of Findings and Responses as item 2022‐001, that we consider to be a significant deficiency.
Compliance and Other MattersAs part of obtaining reasonable assurance about whether the City’s financial statements are free from material misstatement, we performed tests of its compliance with certain provisions of laws, regulations, contracts, and grant agreements, noncompliance with which could have a direct and material effect on the financial statements. However, providing an opinion on compliance with those provisions was not an objective of our audit and, accordingly, we do not express such an opinion. The results of our tests disclosed no instances of noncompliance or other matters that are required to be reported under Government Auditing Standards.
In connection with our audit referred to above, we also performed an audit for compliance with the Transportation Development Act, the California Code of Regulations, and the rules and regulations and allocation instructions of the Shasta County Regional Transportation Planning Agency, for the year ended June 30, 2022. In connection with our audit, we performed, to the extent applicable, the compliance audit tasks set forth in Sections 6666 of the California Code of Regulations. The results of performing the tasks specified in Section 6666 disclosed no instances of noncompliance with the applicable statutes, rules, and regulations of the Act and the allocation instructions and resolutions of the Shasta County Regional Transportation Planning Agency. In our opinion, the funds allocated to and received by the City for the year ended June 30, 2022, pursuant to the Transportation Development Act, were accounted for and expended in conformance with the Transportation Development Act, the California Code of Regulations, and the rules and regulations and allocation instructions of the Shasta Regional Transportation Agency.
INDEPENDENT AUDITORS’ REPORT ON INTERNAL CONTROL OVER FINANCIAL REPORTING AND ON
COMPLIANCE AND OTHER MATTERS BASED ON AN AUDIT OF FINANCIAL STATEMENTS PERFORMED
IN ACCORDANCE WITH GOVERNMENT AUDITING STANDARDS
(Continued)City’s Response to Findings
The City’s response to the finding identified in our audit is described in the accompanying Schedule of Findings and Responses. The City’s response was not subjected to the auditing procedures applied in the audit of the financial statements and, accordingly, we express no opinion on it.
Purpose of this ReportThe purpose of this report is solely to describe the scope of our testing of internal control and compliance and the results of that testing, and to express an opinion on the compliance of the City with the Transportation Development Act, the California Code of Regulations, and the rules and regulations and allocation instructions of the Shasta County Regional Transportation Planning Agency, and not to provide an opinion on the effectiveness of the City’s internal control or on other compliance. This report is an integral part of an audit performed in accordance with Government Auditing Standards in considering the City’s internal control and compliance. Accordingly, this communication is not suitable for any other purpose.AGT CPAs & Advisors
Redding, California
June 14, 2023
INDEPENDENT AUDITORS’ REPORT ON COMPLIANCE FOR THE U.S. DEPARTMENT OF TREASURY
CORONAVIRUS STATE AND LOCAL FISCAL RECOVERY FUNDS PROGRAM (CSLFRF) REQUIREMENTS FOR
AN ALTERNATIVE CSLFRF COMPLIANCE EXAMINATION ENGAGEMENT To the Honorable Mayor and City Council
City of Anderson, California
We have examined the City of Anderson’s (the City’s) compliance with the compliance requirements “activities allowed or unallowed” and “allowable cost/cost principles” (the specified requirements) as described in Part IV “Requirements for an Alternative Compliance Examination Engagement for Recipients That Would Otherwise be Required to Undergo a Single Audit or Program‐Specific Audit as a Result of Receiving Coronavirus State and Local Fiscal Recovery Funds” of the CSLFRF section of the 2022 OMB Compliance Supplement (referred to herein as “Requirements for an Alterative CSLFRF Compliance Examination Engagement”) during the year ended June 30, 2022. Management of the City is responsible for the City’s compliance with the specified requirements. Our responsibility is to express an opinion on the City’s compliance with the specified requirements based on our examination.
Our examination was conducted in accordance with attestation standards established by the AICPA; the standards applicable to attestation engagements contained in Government Auditing Standards, issued by the Comptroller General of the United States; and in the “Requirements for an Alternative CSLFRF Compliance Examination Engagement.” Those standards and requirements require that we plan and perform the examination to obtain reasonable assurance about whether the City complied, in all material respects, with the specified requirements referenced above. An examination involves performing procedures to obtain evidence about whether the City complied with the specifiedrequirements. The nature, timing and extent of the procedures selected depend on our judgment, including an assessment of the risks of material noncompliance, whether due to fraud or error. We believe that the evidence we obtained is sufficient and appropriate to provide a reasonable basis for our opinion.
We are required to be independent and meet our other ethical responsibilities in accordance with relevant ethical requirements relating to the engagement.Our examination does not provide a legal determination on the City’s compliance with specified requirements.
In our opinion, the City complied, in all material respects, with the specified requirements referenced above during the year ended June 30, 2022.
INDEPENDENT AUDITORS’ REPORT ON COMPLIANCE FOR THE U.S. DEPARTMENT OF TREASURY
CORONAVIRUS STATE AND LOCAL FISCAL RECOVERY FUNDS PROGRAM (CSLFRF) REQUIREMENTS FOR
AN ALTERNATIVE CSLFRF COMPLIANCE EXAMINATION ENGAGEMENT (Continued)Other Reporting Required by Government Auditing Standards In accordance with Government Auditing Standards, we are required to report all deficiencies that are considered to be significant deficiencies or material weaknesses in internal control; fraud, and noncompliance with provisions of laws, regulations, contracts or grant agreements that have a material effect on the City’s compliance with the specified requirements and any other instances that warrant the attention of those charged with governance. We are also required to obtain and report the views of responsible officials concerning the findings, conclusions, and recommendations, as well as any planned corrective actions. We performed our examination to express an opinion on the City’s compliance with the specified requirements and not for the purpose of expressing an opinion on the internal control over the specified requirements or on compliance and other matters; accordingly, we express no such opinions. The results of our tests disclosed no matters that are required to be reported under Government Auditing Standards.
Intended PurposeThe purpose of this examination report is solely to express an opinion on whether the City complied, in all material respects with the specified requirements referenced above during the year ended June 30, 2022. Accordingly, this report is not suitable for any other purpose.
AGT CPAs & AdvisorsRedding, California
June 14, 2023
City of Anderson
SCHEDULE OF FINDINGS AND RESPONSESJune 30, 2022
FINANCIAL STATEMENTS AUDIT
2022‐001SIGNIFICANT DEFICIENCY
ConditionDuring our audit of the current year, we identified one audit adjustment that was material to the financial statements and which was required in order for the financial statements to be prepared in accordance and/or conformity with generally accepted accounting principles. While other year‐end adjustments were identified by the City’s internal control, this adjustment was not identified through internal controls.
CriteriaAll adjustments necessary for financial statements to be prepared in accordance and/or conformity with generally accepted accounting principles should be identified and posted by the City.
EffectFinancial statements which are not in conformity with generally accepted accounting principles could have been prepared and distributed.
RecommendationWe recommend that management take steps to ensure that all adjustments necessary to prepare financial statements in conformity with generally accepted accounting principles be identified and posted prior to the start of the audit.
ResponseThe City is continuing to look for training opportunities for finance staff in an effort to continue to improve its financial reporting.
City of Anderson
SUMMARY SCHEDULE OF PRIOR AUDIT FINDINGSJune 30, 2022
FINANCIAL STATEMENTS AUDIT
2021‐001SIGNIFICANT DEFICIENCY
ConditionDuring our audit of the prior year, we identified several audit adjustments that were material to the financial statements and which were required in order for the financial statements to be prepared in accordance and/or conformity with generally accepted accounting principles.
While other year‐end adjustments were identified by the City’s internal control, these adjustments were not identified through internal controls.
CriteriaAll adjustments necessary for financial statements to be prepared in accordance and/or conformity with generally accepted accounting principles should be identified and posted by the City.
EffectFinancial statements which are not in conformity with generally accepted accounting principles could have been prepared and distributed.
RecommendationWe recommended that management take steps to ensure that all adjustments necessary to prepare financial statements in conformity with generally accepted accounting principles be identified and posted prior to the start of the audit.
Current Status
The City is continuing to look for training opportunities for finance staff in an effort to continue to improve its financial reporting.
AGENDA ITEM
I June 20, 2023, City Council Meeting
Approved for Submittal By:
Adam Whelen, Public Works Director
To:
Through:
Honorable Mayor and Members of the Anderson City Council Jeff Kiser, City Manager
From:
Date:
!SUBJECT
Adam Whelen, Public Works Director
June 20, 2023
Consider Adoption of Resolution Abandoning Right of Way Created by Parcel Map 07- 02 I RECOMMENDATION
The Public Works Director recommends that the City Council:
1) Receive a Staff Report;
2) Consider adopting a resolution to abandon a portion of the right of way created by Parcel Map 07-02 pursuant to Streets & Highways Code section 8335.
!FISCAL IMPACT
No fiscal impact will be associated with the abandonment of the right of way.
I DISCUSSION and BACKGROUND
Parcel Map 07-02 is located south of Walmart along Rhonda Road. Parcel Map 07-02 created two parcels with a 60' road and 70' public service easement that is not consistent with the conditioned right of way for Tentative Parcel Map 19-03. Tentative Parcel Map 19- 03 splits the two existing lots into four new parcels. The City's desire is for the right of way ITEM 8.9 PAGE1 06/20/2023
and roadway to be consistent with current construction standards for the proposed development.
Pursuant to California Streets & Highways Code section 8335, a legislative body may vacate a public right of way if it (1) provides a legal description of the road; (2) the facts under which the vacation is being made; (3) that after the resolution is passed, the right of way no longer constitutes a public roadway; and ( 4) proper notice has been provided.
In this case, the resolution sets forth the legal description of the property, the reason for the vacation is to ensure consistency between Parcel Map 07-02 and Tentative Parcel Map 19-03, and the resolution states that the right of way will no longer be public after the resolution is passed.
I ATTACHMENT
1. Resolution Abandonment
2. Location map
ITEM 8.9 PAGE2 06/20/2023
ATTACHMENT 1
RESOLUTION NO. 23-_
A RESOLUTION OF THE CITY OF ANDERSON CITY COUNCIL APPROVING THE VACATION OF A PORTION OF RIGHT OF WAY AS SHOWN AS BEING A PORTION OF PARCEL 2 ON PARCEL MAP 07-02 IN ACCORDANCE WITH CALIFORNIA STREETS AND HIGHWAYS CODE SECTION 833S ET. SEQ.
WHEREAS, an application has been filed with the City of Anderson for the abandonment of a portion of the proposed street right of way; and
WHEREAS, the property is described as set forth in the attached Exhibit A, which is incorporated herein by reference; and
WHEREAS, The City seeks to abandon the property described in Exhibit A because it reflects a public service easement created in Parcel Map 07-02 which is not consistent with the approval of Tentative Parcel Map 19-03, and the City needs to abandon the PM public easement for purposes of consistency; and
WHEREAS, that from and after the date this resolution is recorded, the public service easement vacated no longer constitutes a public service easement; and WHEREAS, all entities having any right, title or interest in the public service easement have been notified of the action.
NOW THEREFORE, BE IT RESOLVED by the City Council of the City of Anderson as follows:
1. The City Council of the City of Anderson, pursuant to California Streets and Highway Code § 8335 et seq. (Public Streets and Highway and Service Easements Vacation Law), approves the street vacation for the street easement shown herein on "Exhibit A", incorporated herewith and made a part hereof, and that said street is hereby vacated, and title to land previously subject to the easement reverts to the owners of the land free from the rights of the public.
2. The City Council authorizes the City Clerk to record a certified copy of this resolution in the office of the County Recorder, and that from and after the date of recordation, the portion of future right of way herein described no longer constitutes a public street right of way.
PASSED AND ADOPTED this 20•h day of June 2023, by the following vote:
AYES:
NOES:
ABSENT:
ABSTAIN:
Michael Gallagher, Mayor
ATTEST:
Christy White, City Clerk