Principal retirement 960,132 255,000 - 1,215,132 Interest and fiscal charges 13,202 89,885 - 103,087 Total expenditures 35,349,249 344,948 2,005,539 37,699,736 Excess (deficiency) of revenues
over (under) expenditures 7,928,972 (344,948) 121,651 7,705,675 OTHER FINANCING SOURCES (USES):
Transfers in 7,815,860 344,969 2,088,956 10,249,785 Transfers (out) (10,290,455) - (1,870,888) (12,161,343) Total other financing sources (uses) (2,474,595) 344,969 218,068 (1,911,558) Net change in fund balances 5,454,377 21 339,719 5,794,117 FUND BALANCES:
Beginning of year, as previously reported 63,135,837 236 19,534,963 82,671,036 Adjustments 668,316 - - 668,316 Beginning of year, as restated 63,804,153 236 19,534,963 83,339,352 End of year 69,258,530$ 257$ 19,874,682$ 89,133,469$ 134
NON-MAJOR SPECIAL REVENUE FUNDS
These funds account for the proceeds derived from special revenue sources, which are legally restricted to expenditures for specified purposes.
Delta Fair Property Fund
This fund accounts for revenues resulting from the sale or lease of surplus right-of-way property acquired from the State.
In accordance with agreements with the State, expenditures must be for park and recreational facilities.
Housing and Community Development Fund
This fund accounts for grant funds received from the Federal government for the purpose of developing viable urban communities, as well as Permanent Local Housing Funds to help increase the supply of affordable housing units.
Housing Successor Fund
This fund was established to account for the administration of housing assets transferred by the former Antioch Development Agency to the City as Housing Successor.
RMRA Fund
This fund accounts for the receipts and expenditures of the Road Repair and Accountability Act (SB1) funds.
Gas Tas Fund
This fund accounts for revenues and related expenditures received from the State under the Streets and Highway Code Sections 2105, 2106, 2107, and 2107.5. The allocations must be spent for street maintenance or construction and a limited amount for engineering.
Recreation Programs
This fund accounts for revenue received to cover the costs of recreation programs provided by the City's Leisure Services Divisions.
Animal Services Fund
This fund accounts for revenues and expenditures of the City's animal services program. A portion of the revenues required to operate this function comes from animal licenses and shelter, adoption, handling, and impound fees. The reminder comes from a subsidy transfer from the General Fund.
Civic Arts Fund
This fund accounts for money specifically set aside for art programs and projects. Revenues come from a percentage of the City's Transient Occupancy Tax. Expenditures are for a variety of programs in the fund and performing arts, as well as projects such as Art in Public Places.
Park in Lieu Fund
This fund accounts for revenues from park dedication fees required of all new construction. Monies are accumulated in accounts allocated to certain parks on the basis of the area in which the construction is taking place. These funds are then appropriated and spent for park development.
Senior Bus Fund
This fund accounts for the City's Senior Bus Program, which provides door-to-door transportation to frail, elderly, and disabled individuals. Revenue sources are grant funds through the Metropolitan Transportation Commission and fees paid by riders and the Antioch Committee on Aging.
Abandoned Vehicles Fund
This fund accounts for revenue from AB 4114, which charges a $1.00 fee on the registration of all vehicles located in the City. The funds are received from the County and are used to remove abandoned vehicles form City streets.
Traffic Signal Fee Fund
This fund accounts for fees from developers for all new traffic signal construction. 135
NON-MAJOR SPECIAL REVENUE FUNDS, Continued
Asset Forfeitures Fund
This fund was established to account for the proceeds from sales of assets seized in connection with drug enforcement.
These proceeds are to be used for law enforcement purposes.
Measure J Growth Management Program Fund
This fund accounts for Measure J Funds, which are used to construct roads.
Child Care Fund
This fund accounts for lease revenue received and City expenditures relating to the child chare center leased from the City by the YWCA.
Tidelands Assembly Bill 1900
In 1990, the California State Legislature passed legislation that created tidelands entitlement areas. Funds are generated by payments from the lessees of the City's tidelands areas. This revenue is limited to improving accessibility and/or protection of the City's waterfront areas.
Maintenance Districts
Established to account for revenue and related expenditures of lighting and landscape activities.
Solid Waste Reduction AB 939
Under AB 939, a special fee is levied by the State against each ton of solid waste, which is disposed at landfill sites. A portion of this fee goes back to the cities on a quarterly basis for use in achieving AB 939 goals.
Pollution Elimination
This fund was established to acount for activities related to the National Pollution Discharge Elimination Program. The purpose of this program is to monitor and reduce storm water pollution.
Supplemental Law Enforcement
This fund accounts for supplemental public safety funding allocated in AB 3229. Funds must be used for front-line police services and must supplement and not supplant existing funding for law enforcement services.
Street Impact Fund
This fund accounts for franchise taxes received.
Traffic Safety Fund
This fund accounts for fines and forfeitures received under Section 1463 of the Penal Code. Funds shall be used exclusively for official traffic control devices, the maintenance thereof, equipment and supplies for traffic law enforcement and traffic accident prevention.
PEG Franchise Fee Fund
This fund accounts for a 1% fee collected from video franchises to support local Public, Educational and Governmental Programming (PEG).
SB1186 Disability Access Fund
This fund accounts for a $4 state fee collected with new or renewed business licenses for the purposes of increasing disability access and compliance with construction-related accessibility requirements.
East Lone Tree Benefit District Fund
This fund accounts for the East Lone Tree Public Facility Benefit District formed by the City in December 2016. A benefit district fee is charged to developers to be used to fund the planning, design/engineering and construction of transportation improvements - specifically the segments of Slatten Ranch Road and related infrastructure including storm drain, water, sanitary sewer, dry utilities and East Antioch Trail improvements.
Kaiser Public Facility Benefit District Fund
This fund accounts for the Kaiser Public Facility Benefit District Fund established in order to provide for the reimbursement of certain public improvements completed by Kaiser Foundation Hospitals. Fees charged to developers will be used to reimburse Kaiser Foundation Hospitals for engineering and construction costs of Deer Valley Road, Sand Creek Road and Wellness Way located within the District boundries. 136
NON-MAJOR SPECIAL REVENUE FUNDS, Continued
Opioid Settlements Fund
This fund accounts for settlement monies received by the City as part of the Janssen & Distributors Opioid Settlements.
Funds must be used for opioid abatement activities.
CalVIP Grant Fund
This fund accounts for grant funding from the Board of State and Community Corrections under the California Violence Intervention and Prevention (CalVIP) grant program. Funds are to support effective violence reduction initiatives.
Storm Damage Fund
This fund accounts for the cost of damages incurred under the state and local emergency declared by the State of California due to severe storm damage. The City has applied for federal funding under FEMA-4683-DR-CA to be reimbursed for costs.
CFD 2016-01 Police Protection
This fund accounts for CFD 2016-01 formed by the City in 2017 and accounts for a special tax secured by a continuing lien against all non-exempt real property in the CFD to fund all or a portion of the cost of Police protection services.
CFD 2018-01 Public Services
This fund accounts for CFD 2018-01 formed by the City in 2018 and accounts for a special tax secured by a continuing lien against all non-exempt real property in the CFD to fund all or a portion of the cost of neighborhood park and street lighting maintenance, neighborhood landscape maintenance, stormwater maintenance, open space maintenance and administrative expenses of the CFD.
CFD 2018-02 Police Protection
This fund accounts for CFD 2018-02 formed by the City in 2018 and accounts for a special tax secured by a continuing lien against all non-exempt real property in the CFD to fund all or a portion of the cost of Police protection services.
CFD 2022-01 Public Services
This fund accounts for CFD 2022-01 formed by the City in 2022 and accounts for a special tax secured by a continuing lien against all non-exempt real property in the CFD to fund all or a portion of the cost of neighborhood park and street lighting maintenance, neighborhood landscape maintenance, stormwater maintenance, open space maintenance and administrative expenses of the CFD.
California Volunteers Grant
The City received a $540,134.61 grant from the State of California OPR/California Volunteers to expand on the existing Mayor’s Apprenticeship program. Through this grant the City will be partnering with Rubicon Programs, and young adults will work on public service in the Public Works Department and climate change areas in the Public Safety and Community Resources Department. Focus areas include, beautification projects, sustainable landscaping, waterfront stewardship and green infrastructure projects. The grant runs May 9, 2024 through December 31, 2025.
ERF Grant
The City of Antioch was awarded $6,812,686 in State Encampment Resolution Funds (ERF), which helps communities address dangerous encampments and support people experiencing unsheltered homelessness. The funds are intended to infuse critical resources in communities throughout California so that unhoused Californians can access the essential housing and supportive services they need to achieve long-term stability.
American Rescue Plan Act
This fund accounts for the monies the City received pursuant to the American Rescue Plan Act of 2021.
ADU Accelerator Program
This fund accounts for monies the City received to be used for an Accessory Dwelling Unit (ADU) accelorator program to provide rebates and grants to homeowners towards ADU design and construction costs.
Post Retirement Medical
This fund is used to pay post retirement medical benefits for retirees under the following categories: Miscellaneous, Police, and Management employees.
137
City of Antioch
Combining Balance Sheet
Non-Major Special Revenue Funds
June 30, 2025
Housing and Housing
Delta Fair Community Successor
Property Development Fund RMRA Gas Tax
ASSETS
Cash and investments -$ 354,595$ 5,792,499$ 10,141,862$ 3,521,074$ Receivables:
Accounts, net 128,211 381,224 - - - Taxes - - - - 552,912 Prepaid items - - - - - Lease interest receivable 1,210 - - - - Lease receivable 574,274 - - - - Loans receivable - 7,182,326 13,647,674 - - Total assets 703,695$ 7,918,145$ 19,440,173$ 10,141,862$ 4,073,986$
LIABILITIES
Accounts payable 122,240$ 301,266$ 134,491$ 26,619$ 101,017$ Accrued payroll 2,157 6,280 1,736 907 8,372 Deposits - - - - - Due to other funds 322,573 207,541 - - - Unearned revenue - - - - - Total liabilities 446,970 515,087 136,227 27,526 109,389
DEFERRED INFLOWS OF RESOURCES
Unavailable AB 4114 fees - - - - - Unavailable grant receipts 128,026 303,859 - - - Unavailable loan interest - 1,447,556 4,133,999 - - Lease related amounts 550,738 - - - - Total deferred inflows
of resources 678,764 1,751,415 4,133,999 - - 138
City of Antioch
Combining Balance Sheet
Non-Major Special Revenue Funds
June 30, 2025
Housing and Housing
Delta Fair Community Successor
Property Development Fund RMRA Gas Tax
FUND BALANCES
Nonspendable:
Petty cash and prepaid items - - - - - Restricted for:
Housing & Development - 5,651,643 15,169,947 - - Disability Access - - - - - Animal Services Operations - - - - - Streets - - - 10,114,336 3,964,597 PEG Programming - - - - - Storm Channels - - - - - Landscape Maintenance - - - - - Tidelands Areas Protection - - - - - Law Enforcement - - - - - Traffic Safety - - - - - Abandoned Vehicle - - - - - Opioid Abatement - - - - - Committed to:
Parks - - - - - Landscape Maintenance - - - - - Arts & Cultural Activities - - - - - Recreation Programs - - - - - Field Maintenance - - - - - Memorial Field Maintenance - - - - - Road Repair - - - - - Waste Reduction - - - - - Youth Activities/Building
Maintenance - - - - - Traffic Signals - - - - - Post Retirement Medical - - - - - Unassigned (422,039) - - - - Total fund balances (422,039) 5,651,643 15,169,947 10,114,336 3,964,597 Total liabilities, deferred inflows of
resources and fund balances 703,695$ 7,918,145$ 19,440,173$ 10,141,862$ 4,073,986$ 139
City of Antioch
Combining Balance Sheet
Non-Major Special Revenue Funds
June 30, 2025 (Continued)
Recreation Animal Park in
Programs Services Civic Arts Lieu Senior Bus
ASSETS
Cash and investments 1,986,464$ 97,372$ 319,067$ 3,554,836$ -$ Receivables:
Accounts, net 56,502 3,173 5,382 - - Taxes - - 6,520 - - Prepaid items 9,818 - - - - Lease interest receivable 438 - - - - Lease receivable 298,824 - - - - Loans receivable - - - - - Total assets 2,352,046$ 100,545$ 330,969$ 3,554,836$ -$
LIABILITIES
Accounts payable 230,289$ 33,610$ -$ 2,153$ -$ Accrued payroll 230,541 48,063 - 2,199 - Deposits 266,399 18,603 834 - - Due to other funds - - - - - Unearned revenue 82,166 - - - - Total liabilities 809,395 100,276 834 4,352 -
DEFERRED INFLOWS OF RESOURCES
Unavailable AB 4114 fees - - - - - Unavailable grant receipts - - - - - Unavailable loan interest - - - - - Lease related amounts 272,193 - - - - Total deferred inflows
of resources 272,193 - - - - 140
City of Antioch
Combining Balance Sheet
Non-Major Special Revenue Funds
June 30, 2025 (Continued)
Recreation Animal Park in
Programs Services Civic Arts Lieu Senior Bus
FUND BALANCES
Nonspendable:
Petty cash and prepaid items 13,868 - - - - Restricted for:
Housing & Development - - - - - Disability Access - - - - - Animal Services Operations - 269 - - - Streets - - - - - PEG Programming - - - - - Storm Channels - - - - - Landscape Maintenance - - - - - Tidelands Areas Protection - - - - - Law Enforcement - - - - - Traffic Safety - - - - - Abandoned Vehicle - - - - - Opioid Abatement - - - - - Committed to:
Parks 418,164 - - 3,550,484 - Landscape Maintenance - - - - - Arts & Cultural Activities - - 330,135 - - Recreation Programs 199,068 - - - - Field Maintenance 617,494 - - - - Memorial Field Maintenance 21,864 - - - - Road Repair - - - - - Waste Reduction - - - - - Youth Activities/Building
Maintenance - - - - - Traffic Signals - - - - - Post Retirement Medical - - - - - Unassigned - - - - - Total fund balances 1,270,458 269 330,135 3,550,484 - Total liabilities, deferred inflows of
resources and fund balances 2,352,046$ 100,545$ 330,969$ 3,554,836$ -$ 141
City of Antioch
Combining Balance Sheet
Non-Major Special Revenue Funds
June 30, 2025 (Continued)
Measure J
Growth
Abandoned Traffic Asset Management Child
Vehicles Signal Fee Forfeitures Program Care
ASSETS
Cash and investments 998,500$ 917,486$ 1,276,426$ 3,658,848$ 260,027$ Receivables:
Accounts, net 43,427 415 - - - Taxes - - - - - Prepaid items - - - 4,886 - Lease interest receivable - - - - - Lease receivable - - - - - Loans receivable - - - - - Total assets 1,041,927$ 917,901$ 1,276,426$ 3,663,734$ 260,027$
LIABILITIES
Accounts payable -$ -$ -$ 141,703$ -$ Accrued payroll 4,505 - - - - Deposits - - 640,361 3,520 6,000 Due to other funds - - - - - Unearned revenue - - - - - Total liabilities 4,505 - 640,361 145,223 6,000
DEFERRED INFLOWS OF RESOURCES
Unavailable AB 4114 fees 27,637 - - - - Unavailable grant receipts - 415 - - - Unavailable loan interest - - - - - Lease related amounts - - - - - Total deferred inflows
of resources 27,637 415 - - - 142
City of Antioch
Combining Balance Sheet
Non-Major Special Revenue Funds
June 30, 2025 (Continued)
Measure J
Growth
Abandoned Traffic Asset Management Child
Vehicles Signal Fee Forfeitures Program Care
FUND BALANCES
Nonspendable:
Petty cash and prepaid items - - - 4,886 - Restricted for:
Housing & Development - - - - - Disability Access - - - - - Animal Services Operations - - - - - Streets - - - 3,513,625 - PEG Programming - - - - - Storm Channels - - - - - Landscape Maintenance - - - - - Tidelands Areas Protection - - - - - Law Enforcement - - 636,065 - - Traffic Safety - 917,486 - - - Abandoned Vehicle 1,009,785 - - - - Opioid Abatement - - - - - Committed to:
Parks - - - - - Landscape Maintenance - - - - - Arts & Cultural Activities - - - - - Recreation Programs - - - - - Field Maintenance - - - - - Memorial Field Maintenance - - - - - Road Repair - - - - - Waste Reduction - - - - - Youth Activities/Building
Maintenance - - - - 254,027 Traffic Signals - - - - - Post Retirement Medical - - - - - Unassigned - - - - - Total fund balances 1,009,785 917,486 636,065 3,518,511 254,027 Total liabilities, deferred inflows of
resources and fund balances 1,041,927$ 917,901$ 1,276,426$ 3,663,734$ 260,027$ 143
City of Antioch
Combining Balance Sheet
Non-Major Special Revenue Funds
June 30, 2025 (Continued)
Tidelands Lighting & Park 1A Solid Waste
Assembly Landscape Maintenance Reduction Pollution
Bill - 1900 District District AB 939 Elimination
ASSETS
Cash and investments 159,935$ 3,597,288$ 346,699$ 870,980$ 2,880,739$ Receivables:
Accounts, net 274 - 5,144 - 129,709 Taxes - - - - - Prepaid items - - - - - Lease interest receivable - - - - - Lease receivable - - - - - Loans receivable - - - - - Total assets 160,209$ 3,597,288$ 351,843$ 870,980$ 3,010,448$
LIABILITIES
Accounts payable -$ 405,921$ 18,879$ 25,989$ 46,295$ Accrued payroll - 20,153 128 7,004 14,114 Deposits - - - 141,498 - Due to other funds - - - - - Unearned revenue - - - 146,764 - Total liabilities - 426,074 19,007 321,255 60,409
DEFERRED INFLOWS OF RESOURCES
Unavailable AB 4114 fees - - - - - Unavailable grant receipts - - - - - Unavailable loan interest - - - - - Lease related amounts - - - - - Total deferred inflows
of resources - - - - - 144
City of Antioch
Combining Balance Sheet
Non-Major Special Revenue Funds
June 30, 2025 (Continued)
Tidelands Lighting & Park 1A Solid Waste
Assembly Landscape Maintenance Reduction Pollution
Bill - 1900 District District AB 939 Elimination
FUND BALANCES
Nonspendable:
Petty cash and prepaid items - - - - - Restricted for:
Housing & Development - - - - - Disability Access - - - - - Animal Services Operations - - - - - Streets - - - - - PEG Programming - - - - - Storm Channels - - - - 2,950,039 Landscape Maintenance - 3,171,214 - - - Tidelands Areas Protection 160,209 - - - - Law Enforcement - - - - - Traffic Safety - - - - - Abandoned Vehicle - - - - - Opioid Abatement - - - - - Committed to:
Parks - - - - - Landscape Maintenance - - 332,836 - - Arts & Cultural Activities - - - - - Recreation Programs - - - - - Field Maintenance - - - - - Memorial Field Maintenance - - - - - Road Repair - - - - - Waste Reduction - - - 549,725 - Youth Activities/Building
Maintenance - - - - - Traffic Signals - - - - - Post Retirement Medical - - - - - Unassigned - - - - - Total fund balances 160,209 3,171,214 332,836 549,725 2,950,039 Total liabilities, deferred inflows of
resources and fund balances 160,209$ 3,597,288$ 351,843$ 870,980$ 3,010,448$ 145
City of Antioch
Combining Balance Sheet
Non-Major Special Revenue Funds
June 30, 2025 (Continued)
Supplemental PEG
Law LLEBG Street Traffic Franchise
Enforcement Byrne Grant Impact Safety Fee
ASSETS
Cash and investments -$ -$ -$ 1,469$ 655,531$ Receivables:
Accounts, net - - - 2,191 - Taxes - - 455,635 - 42,492 Prepaid items - - - - 102 Lease interest receivable - - - - - Lease receivable - - - - - Loans receivable - - - - - Total assets -$ -$ 455,635$ 3,660$ 698,125$
LIABILITIES
Accounts payable -$ -$ -$ -$ -$ Accrued payroll - - - - - Deposits - - - - - Due to other funds - - - - - Unearned revenue - - - - - Total liabilities - - - - -
DEFERRED INFLOWS OF RESOURCES
Unavailable AB 4114 fees - - - - - Unavailable grant receipts - - - - - Unavailable loan interest - - - - - Lease related amounts - - - - - Total deferred inflows
of resources - - - - - 146
City of Antioch
Combining Balance Sheet
Non-Major Special Revenue Funds
June 30, 2025 (Continued)
Supplemental PEG
Law LLEBG Street Traffic Franchise
Enforcement Byrne Grant Impact Safety Fee
FUND BALANCES
Nonspendable:
Petty cash and prepaid items - - - - 102 Restricted for:
Housing & Development - - - - - Disability Access - - - - - Animal Services Operations - - - - - Streets - - - - - PEG Programming - - - - 698,023 Storm Channels - - - - - Landscape Maintenance - - - - - Tidelands Areas Protection - - - - - Law Enforcement - - - - - Traffic Safety - - - - - Abandoned Vehicle - - - - - Opioid Abatement - - - - - Committed to:
Parks - - - - - Landscape Maintenance - - - - - Arts & Cultural Activities - - - - - Recreation Programs - - - - - Field Maintenance - - - - - Memorial Field Maintenance - - - - - Road Repair - - 455,635 - - Waste Reduction - - - - - Youth Activities/Building
Maintenance - - - - - Traffic Signals - - - 3,660 - Post Retirement Medical - - - - - Unassigned - - - - - Total fund balances - - 455,635 3,660 698,125 Total liabilities, deferred inflows of
resources and fund balances -$ -$ 455,635$ 3,660$ 698,125$ 147
City of Antioch
Combining Balance Sheet
Non-Major Special Revenue Funds
June 30, 2025 (Continued)
East
SB1186 Lone Tree Kaiser
Disability Benefit Public Facility Opioid CalVIP
Access District Benefit District Settlements Grant
ASSETS
Cash and investments 246,493$ 11,103,140$ 35,111$ 271,731$ -$ Receivables:
Accounts, net - - - - 365,733 Taxes - - - - - Prepaid items - - - - - Lease interest receivable - - - - - Lease receivable - - - - - Loans receivable - - - - - Total assets 246,493$ 11,103,140$ 35,111$ 271,731$ 365,733$
LIABILITIES
Accounts payable -$ -$ -$ -$ 134,355$ Accrued payroll - - - - - Deposits - - - - - Due to other funds - - - - 231,376 Unearned revenue - - - - - Total liabilities - - - - 365,731
DEFERRED INFLOWS OF RESOURCES
Unavailable AB 4114 fees - - - - - Unavailable grant receipts - - - - 365,733 Unavailable loan interest - - - - - Lease related amounts - - - - - Total deferred inflows
of resources - - - - 365,733 148
City of Antioch
Combining Balance Sheet
Non-Major Special Revenue Funds
June 30, 2025 (Continued)
East
SB1186 Lone Tree Kaiser
Disability Benefit Public Facility Opioid CalVIP
Access District Benefit District Settlements Grant
FUND BALANCES
Nonspendable:
Petty cash and prepaid items - - - - - Restricted for:
Housing & Development - - - - - Disability Access 246,493 - - - - Animal Services Operations - - - - - Streets - 11,103,140 35,111 - - PEG Programming - - - - - Storm Channels - - - - - Landscape Maintenance - - - - - Tidelands Areas Protection - - - - - Law Enforcement - - - - - Traffic Safety - - - - - Abandoned Vehicle - - - - - Opioid Abatement - - - 271,731 - Committed to:
Parks - - - - - Landscape Maintenance - - - - - Arts & Cultural Activities - - - - - Recreation Programs - - - - - Field Maintenance - - - - - Memorial Field Maintenance - - - - - Road Repair - - - - - Waste Reduction - - - - - Youth Activities/Building
Maintenance - - - - - Traffic Signals - - - - - Post Retirement Medical - - - - - Unassigned - - - - (365,731) Total fund balances 246,493 11,103,140 35,111 271,731 (365,731) Total liabilities, deferred inflows of
resources and fund balances 246,493$ 11,103,140$ 35,111$ 271,731$ 365,733$ 149
City of Antioch
Combining Balance Sheet
Non-Major Special Revenue Funds
June 30, 2025 (Continued)
CFD 2016-01 CFD 2018-01 CFD 2018-02 CFD 2022-01
Storm Police Public Police Public
Damage Protection Services Protection Services
ASSETS
Cash and investments -$ 16,480$ 2,539,390$ 16,480$ 420,517$ Receivables:
Accounts, net - - - - - Taxes - - - - - Prepaid items - - - - - Lease interest receivable - - - - - Lease receivable - - - - - Loans receivable - - - - - Total assets -$ 16,480$ 2,539,390$ 16,480$ 420,517$
LIABILITIES
Accounts payable -$ 16,480$ 29,224$ 16,480$ 17,294$ Accrued payroll - - - - - Deposits - - - - - Due to other funds 452,211 - - - - Unearned revenue - - - - - Total liabilities 452,211 16,480 29,224 16,480 17,294
DEFERRED INFLOWS OF RESOURCES
Unavailable AB 4114 fees - - - - - Unavailable grant receipts 156,055 - - - - Unavailable loan interest - - - - - Lease related amounts - - - - - Total deferred inflows
of resources 156,055 - - - - 150
City of Antioch
Combining Balance Sheet
Non-Major Special Revenue Funds
June 30, 2025 (Continued)
CFD 2016-01 CFD 2018-01 CFD 2018-02 CFD 2022-01
Storm Police Public Police Public
Damage Protection Services Protection Services
FUND BALANCES
Nonspendable:
Petty cash and prepaid items - - - - - Restricted for:
Housing & Development - - - - - Disability Access - - - - - Animal Services Operations - - - - - Streets - - - - - PEG Programming - - - - - Storm Channels - - - - - Landscape Maintenance - - 2,510,166 - 403,223 Tidelands Areas Protection - - - - - Law Enforcement - - - - - Traffic Safety - - - - - Abandoned Vehicle - - - - - Opioid Abatement - - - - - Committed to:
Parks - - - - - Landscape Maintenance - - - - - Arts & Cultural Activities - - - - - Recreation Programs - - - - - Field Maintenance - - - - - Memorial Field Maintenance - - - - - Road Repair - - - - - Waste Reduction - - - - - Youth Activities/Building
Maintenance - - - - - Traffic Signals - - - - - Post Retirement Medical - - - - - Unassigned (608,266) - - - - Total fund balances (608,266) - 2,510,166 - 403,223 Total liabilities, deferred inflows of
resources and fund balances -$ 16,480$ 2,539,390$ 16,480$ 420,517$ 151
City of Antioch
Combining Balance Sheet
Non-Major Special Revenue Funds
June 30, 2025 (Continued)
California American ADU Post
Volunteers Rescue Accelerator Retirement
Grant ERF Grant Plan Program Medical Total
ASSETS
Cash and investments -$ 2,743,275$ 3,695,246$ 270,906$ 1,227,469$ 63,977,935$ Receivables:
Accounts, net 177,574 - 3,300 - - 1,302,259 Taxes - - - - - 1,057,559 Prepaid items - - - - 56,442 71,248 Lease interest receivable - - - - - 1,648 Lease receivable - - - - - 873,098 Loans receivable - - - - - 20,830,000 Total assets 177,574$ 2,743,275$ 3,698,546$ 270,906$ 1,283,911$ 88,113,747$
LIABILITIES
Accounts payable 15,555$ -$ 600,108$ -$ 1,727$ 2,421,695$ Accrued payroll 27,583 - - - - 373,742 Deposits - - - - - 1,077,215 Due to other funds 134,436 - - - - 1,348,137 Unearned revenue - 2,743,275 3,098,438 - - 6,070,643 Total liabilities 177,574 2,743,275 3,698,546 - 1,727 11,291,432
DEFERRED INFLOWS OF RESOURCES
Unavailable AB 4114 fees - - - - - 27,637 Unavailable grant receipts 177,574 - - - - 1,131,662 Unavailable loan interest - - - - - 5,581,555 Lease related amounts - - - - - 822,931 Total deferred inflows
of resources 177,574 - - - - 7,563,785 152
City of Antioch
Combining Balance Sheet
Non-Major Special Revenue Funds
June 30, 2025 (Continued)
California American ADU Post
Volunteers Rescue Accelerator Retirement
Grant ERF Grant Plan Program Medical Total
FUND BALANCES
Nonspendable:
Petty cash and prepaid items - - - - 56,442 75,298 Restricted for:
Housing & Development - - - 270,906 - 21,092,496 Disability Access - - - - - 246,493 Animal Services Operations - - - - - 269 Streets - - - - - 28,730,809 PEG Programming - - - - - 698,023 Storm Channels - - - - - 2,950,039 Landscape Maintenance - - - - - 6,084,603 Tidelands Areas Protection - - - - - 160,209 Law Enforcement - - - - - 636,065 Traffic Safety - - - - - 917,486 Abandoned Vehicle - - - - - 1,009,785 Opioid Abatement - - - - - 271,731 Committed to:
Parks - - - - - 3,968,648 Landscape Maintenance - - - - - 332,836 Arts & Cultural Activities - - - - - 330,135 Recreation Programs - - - - - 199,068 Field Maintenance - - - - - 617,494 Memorial Field Maintenance - - - - - 21,864 Road Repair - - - - - 455,635 Waste Reduction - - - - - 549,725 Youth Activities/Building
Maintenance - - - - - 254,027 Traffic Signals - - - - - 3,660 Post Retirement Medical - - - - 1,225,742 1,225,742 Unassigned (177,574) - - - - (1,573,610) Total fund balances (177,574) - - 270,906 1,282,184 69,258,530 Total liabilities, deferred inflows of
resources and fund balances 177,574$ 2,743,275$ 3,698,546$ 270,906$ 1,283,911$ 88,113,747$ 153
City of Antioch
Combining Statement of Revenues, Expenditures and Changes in Fund Balances Non-Major Special Revenue Funds
For the Fiscal Year Ended June 30, 2025
Housing and Housing
Delta Fair Community Successor
Property Development Fund RMRA Gas Tax
REVENUES:
Taxes -$ -$ -$ 3,142,782$ 3,200,272$ Fines and penalties - - - - - Investment income and rentals 67,005 5,501 225,449 316,120 137,438 Revenue from other agencies 1,914,100 602,453 - 885 - Current service charges - - - - - Special assessment revenue - - - - - Other - 5,560 13,028 - - Total revenues 1,981,105 613,514 238,477 3,459,787 3,337,710 EXPENDITURES:
Current:
General government - - - - - Public works 82,037 - - 37,556 925,067 Public safety - 1,091,891 516,557 - - Parks and recreation - - - - - Community development - - - - - Capital outlay 1,769,476 - - 188,421 544,533 Debt service:
Principal retirement - - - - - Interest and fiscal charges - - - - - Total expenditures 1,851,513 1,091,891 516,557 225,977 1,469,600 Excess (deficiency) of revenues
over (under) expenditures 129,592 (478,377) (278,080) 3,233,810 1,868,110 OTHER FINANCING SOURCES (USES):
Transfers in - 2,832 - - - Transfers (out) - - (2,832) - (1,215,225) Total other financing sources (uses) - 2,832 (2,832) - (1,215,225) Net change in fund balances 129,592 (475,545) (280,912) 3,233,810 652,885 FUND BALANCES:
Beginning of year, as previously reported (551,631) 6,127,188 15,450,859 6,880,526 3,311,712 Adjustments - - - - - Beginning of year, as restated (551,631) 6,127,188 15,450,859 6,880,526 3,311,712 End of year (422,039)$ 5,651,643$ 15,169,947$ 10,114,336$ 3,964,597$ 154
City of Antioch
Combining Statement of Revenues, Expenditures and Changes in Fund Balances Non-Major Special Revenue Funds
For the Fiscal Year Ended June 30, 2025 (Continued)
Recreation Animal Park in
Programs Services Civic Arts Lieu Senior Bus
REVENUES:
Taxes -$ -$ 31,368$ -$ -$ Fines and penalties - - - - - Investment income and rentals 497,523 294 15,736 134,880 538 Revenue from other agencies - - - - - Current service charges 1,578,385 190,765 - 205,133 - Special assessment revenue - - - - - Other 5,748 22,536 - - - Total revenues 2,081,656 213,595 47,104 340,013 538 EXPENDITURES:
Current:
General government - - - - - Public works - - - - - Public safety - 1,873,705 - - - Parks and recreation 6,582,706 - 68,402 62,847 356 Community development - - - - - Capital outlay 17,405 - - 208,386 - Debt service:
Principal retirement - - - - - Interest and fiscal charges - - - - - Total expenditures 6,600,111 1,873,705 68,402 271,233 356 Excess (deficiency) of revenues
over (under) expenditures (4,518,455) (1,660,110) (21,298) 68,780 182 OTHER FINANCING SOURCES (USES):
Transfers in 4,362,348 1,600,879 - - - Transfers (out) - - - - (45,397) Total other financing sources (uses) 4,362,348 1,600,879 - - (45,397) Net change in fund balances (156,107) (59,231) (21,298) 68,780 (45,215) FUND BALANCES:
Beginning of year, as previously reported 1,426,565 59,500 351,433 3,481,704 45,215 Adjustments - - - - - Beginning of year, as restated 1,426,565 59,500 351,433 3,481,704 45,215 End of year 1,270,458$ 269$ 330,135$ 3,550,484$ -$ 155
City of Antioch
Combining Statement of Revenues, Expenditures and Changes in Fund Balances Non-Major Special Revenue Funds
For the Fiscal Year Ended June 30, 2025 (Continued)
Growth
Abandoned Traffic Asset Management Child
Vehicles Signal Fee Forfeitures Program Care
REVENUES:
Taxes -$ -$ -$ 1,632,304$ -$ Fines and penalties - - - - - Investment income and rentals 35,485 33,009 47,552 119,989 114,199 Revenue from other agencies 109,389 - - - - Current service charges - 78,088 - - - Special assessment revenue - - - - - Other - - 1,182 - - Total revenues 144,874 111,097 48,734 1,752,293 114,199 EXPENDITURES:
Current:
General government - - - - - Public works - 10,010 - 73,183 - Public safety 17,996 - 7,257 - - Parks and recreation - - - - 2,928 Community development - - - - - Capital outlay - - - 755,624 - Debt service:
Principal retirement - - - - - Interest and fiscal charges - - - - - Total expenditures 17,996 10,010 7,257 828,807 2,928 Excess (deficiency) of revenues
over (under) expenditures 126,878 101,087 41,477 923,486 111,271 OTHER FINANCING SOURCES (USES):
Transfers in - - - - - Transfers (out) - - - - (80,000) Total other financing sources (uses) - - - - (80,000) Net change in fund balances 126,878 101,087 41,477 923,486 31,271 FUND BALANCES:
Beginning of year, as previously reported 882,907 816,399 594,588 2,595,025 222,756 Adjustments - - - - - Beginning of year, as restated 882,907 816,399 594,588 2,595,025 222,756 End of year 1,009,785$ 917,486$ 636,065$ 3,518,511$ 254,027$ 156
City of Antioch
Combining Statement of Revenues, Expenditures and Changes in Fund Balances Non-Major Special Revenue Funds
For the Fiscal Year Ended June 30, 2025 (Continued)
Tidelands Lighting & Park 1A Solid Waste
Assembly Landscape Maintenance Reduction Pollution
Bill - 1900 District District AB 939 Elimination
REVENUES:
Taxes -$ -$ 59,614$ 320,000$ -$ Fines and penalties - - - - - Investment income and rentals 13,611 101,842 51,633 34,341 119,730 Revenue from other agencies - - 250 205,670 - Current service charges - - - - - Special assessment revenue - 2,334,904 - - 699,408 Other - - - 27,230 - Total revenues 13,611 2,436,746 111,497 587,241 819,138 EXPENDITURES:
Current:
General government - - - - - Public works 274 3,900,659 63,232 - 1,324,491 Public safety - - - 416,937 - Parks and recreation - - - - - Community development - - - - - Capital outlay - 7,577 - - - Debt service:
Principal retirement - - - - - Interest and fiscal charges - - - - - Total expenditures 274 3,908,236 63,232 416,937 1,324,491 Excess (deficiency) of revenues
over (under) expenditures 13,337 (1,471,490) 48,265 170,304 (505,353) OTHER FINANCING SOURCES (USES):
Transfers in - 1,779,801 - - 70,000 Transfers (out) - (201,198) (4,343) - (254,607) Total other financing sources (uses) - 1,578,603 (4,343) - (184,607) Net change in fund balances 13,337 107,113 43,922 170,304 (689,960) FUND BALANCES:
Beginning of year, as previously reported 146,872 3,064,101 288,914 379,421 3,639,999 Adjustments - - - - - Beginning of year, as restated 146,872 3,064,101 288,914 379,421 3,639,999 End of year 160,209$ 3,171,214$ 332,836$ 549,725$ 2,950,039$ 157
City of Antioch
Combining Statement of Revenues, Expenditures and Changes in Fund Balances Non-Major Special Revenue Funds
For the Fiscal Year Ended June 30, 2025 (Continued)
Supplemental PEG
Law LLEBG Street Traffic Franchise
Enforcement Byrne Grant Impact Safety Fee
REVENUES:
Taxes -$ -$ 1,739,981$ -$ 179,198$ Fines and penalties - - - 38,013 - Investment income and rentals 3,282 - 32,241 912 22,354 Revenue from other agencies 348,479 38,731 - - - Current service charges - - - - - Special assessment revenue - - - - - Other - - - - - Total revenues 351,761 38,731 1,772,222 38,925 201,552 EXPENDITURES:
Current:
General government - - - - 28,001 Public works - - 1,413 - - Public safety 131 2,535 - 47 - Parks and recreation - - - - - Community development - - - - - Capital outlay - - - - 27,965 Debt service:
Principal retirement - - - - - Interest and fiscal charges - - - - - Total expenditures 131 2,535 1,413 47 55,966 Excess (deficiency) of revenues
over (under) expenditures 351,630 36,196 1,770,809 38,878 145,586 OTHER FINANCING SOURCES (USES):
Transfers in - - - - - Transfers (out) (351,630) (36,196) (1,765,133) (48,000) - Total other financing sources (uses) (351,630) (36,196) (1,765,133) (48,000) - Net change in fund balances - - 5,676 (9,122) 145,586 FUND BALANCES:
Beginning of year, as previously reported - - 449,959 12,782 552,539 Adjustments - - - - - Beginning of year, as restated - - 449,959 12,782 552,539 End of year -$ -$ 455,635$ 3,660$ 698,125$ 158
City of Antioch
Combining Statement of Revenues, Expenditures and Changes in Fund Balances Non-Major Special Revenue Funds
For the Fiscal Year Ended June 30, 2025 (Continued)
SB1186 Lone Tree Kaiser
Disability Benefit Public Facility Opioid CalVIP
Access District Benefit District Settlements Grant
REVENUES:
Taxes -$ -$ -$ -$ -$ Fines and penalties - - - - - Investment income and rentals 8,484 405,024 1,306 - - Revenue from other agencies - - - - 437,610 Current service charges 35,742 570,000 - - - Special assessment revenue - - - - - Other - - - 185,305 - Total revenues 44,226 975,024 1,306 185,305 437,610 EXPENDITURES:
Current:
General government - - - - - Public works - 16,644 52 - - Public safety - - - 2,680 569,067 Parks and recreation - - - - - Community development 3,057 - - - - Capital outlay - - - - - Debt service:
Principal retirement - - - - - Interest and fiscal charges - - - - - Total expenditures 3,057 16,644 52 2,680 569,067 Excess (deficiency) of revenues
over (under) expenditures 41,169 958,380 1,254 182,625 (131,457) OTHER FINANCING SOURCES (USES):
Transfers in - - - - - Transfers (out) - - - - - Total other financing sources (uses) - - - - - Net change in fund balances 41,169 958,380 1,254 182,625 (131,457) FUND BALANCES:
Beginning of year, as previously reported 205,324 10,144,760 33,857 89,106 (234,274) Adjustments - - - - - Beginning of year, as restated 205,324 10,144,760 33,857 89,106 (234,274) End of year 246,493$ 11,103,140$ 35,111$ 271,731$ (365,731)$ 159
City of Antioch
Combining Statement of Revenues, Expenditures and Changes in Fund Balances Non-Major Special Revenue Funds
For the Fiscal Year Ended June 30, 2025 (Continued)
CFD 2016-01 CFD 2018-01 CFD 2018-02 CFD 2022-01
Storm Police Public Police Public
Damage Protection Services Protection Services
REVENUES:
Taxes -$ -$ -$ -$ -$ Fines and penalties - - - - - Investment income and rentals - 4,087 78,801 9,730 10,640 Revenue from other agencies 55,734 - - - - Current service charges - - - - - Special assessment revenue - 313,303 785,502 750,556 234,177 Other - - - - - Total revenues 55,734 317,390 864,303 760,286 244,817 EXPENDITURES:
Current:
General government - - - - - Public works - - 91,932 - 22,637 Public safety - 17,119 - 17,487 - Parks and recreation - - - - - Community development - - - - - Capital outlay - - - - - Debt service:
Principal retirement - - - - - Interest and fiscal charges - - - - - Total expenditures - 17,119 91,932 17,487 22,637 Excess (deficiency) of revenues
over (under) expenditures 55,734 300,271 772,371 742,799 222,180 OTHER FINANCING SOURCES (USES):
Transfers in - - - - - Transfers (out) - (300,271) - (742,799) - Total other financing sources (uses) - (300,271) - (742,799) - Net change in fund balances 55,734 - 772,371 - 222,180 FUND BALANCES:
Beginning of year, as previously reported (664,000) - 1,737,795 - 181,043 Adjustments - - - - - Beginning of year, as restated (664,000) - 1,737,795 - 181,043 End of year (608,266)$ -$ 2,510,166$ -$ 403,223$ 160
City of Antioch
Combining Statement of Revenues, Expenditures and Changes in Fund Balances Non-Major Special Revenue Funds
For the Fiscal Year Ended June 30, 2025 (Continued)
California American ADU Post
Volunteers Rescue Accelerator Retirement
Grant ERF Grant Plan Program Medical Total
REVENUES:
Taxes -$ -$ -$ -$ -$ 10,305,519$ Fines and penalties - - - - - 38,013 Investment income and rentals - - 259,404 4,928 55,896 2,968,964 Revenue from other agencies - 4,069,411 11,484,658 266,229 - 19,533,599 Current service charges - - - - 2,395,574 5,053,687 Special assessment revenue - - - - - 5,117,850 Other - - - - - 260,589 Total revenues - 4,069,411 11,744,062 271,157 2,451,470 43,278,221 EXPENDITURES:
Current:
General government - - - - 1,432,664 1,460,665 Public works - - - - - 6,549,187 Public safety 177,574 4,069,411 3,886,888 - 1,149,515 13,816,797 Parks and recreation - - - - - 6,717,239 Community development - - - 251 - 3,308 Capital outlay - - 2,309,332 - - 5,828,719 Debt service:
Principal retirement - - 960,132 - - 960,132 Interest and fiscal charges - - 13,202 - - 13,202 Total expenditures 177,574 4,069,411 7,169,554 251 2,582,179 35,349,249 Excess (deficiency) of revenues
over (under) expenditures (177,574) - 4,574,508 270,906 (130,709) 7,928,972 OTHER FINANCING SOURCES (USES):
Transfers in - - - - - 7,815,860 Transfers (out) - - (5,242,824) - - (10,290,455) Total other financing sources (uses) - - (5,242,824) - - (2,474,595) Net change in fund balances (177,574) - (668,316) 270,906 (130,709) 5,454,377 FUND BALANCES:
Beginning of year, as previously reported - - - - 1,412,893 63,135,837 Adjustments - - 668,316 - - 668,316 Beginning of year, as restated - - 668,316 - 1,412,893 63,804,153 End of year (177,574)$ -$ -$ 270,906$ 1,282,184$ 69,258,530$ 161
City of Antioch
Delta Fair Property Special Revenue Fund
Schedule of Revenues, Expenditures and Changes in Fund Balance - Budget and Actual For the Fiscal Year Ended June 30, 2025
Final Budgeted Actual Variance with
Amounts Amount Final Budget
REVENUES:
Investment income and rentals 62,800$ 67,005$ 4,205$ Revenue from other agencies 2,772,809 1,914,100 (858,709) Total revenues 2,835,609 1,981,105 (854,504) EXPENDITURES:
Current:
Public works 82,037 82,037 - Capital outlay 1,995,533 1,769,476 226,057 Total expenditures 2,077,570 1,851,513 226,057 Excess (deficiency) of revenues
over (under) expenditures 758,039 129,592 (628,447) Net change in fund balance 758,039 129,592 (628,447) FUND BALANCE:
Beginning of year (551,631) (551,631) - End of year 206,408$ (422,039)$ (628,447)$ 162
City of Antioch
Housing and Community Development Special Revenue Fund
Schedule of Revenues, Expenditures and Changes in Fund Balance - Budget and Actual For the Fiscal Year Ended June 30, 2025
Final Budgeted Variance with
Amounts Actual Final Budget
REVENUES:
Investment income and rentals 5,100$ 5,501$ 401$ Revenue from other agencies 2,298,293 602,453 (1,695,840) Other 5,627 5,560 (67) Total revenues 2,309,020 613,514 (1,695,506) EXPENDITURES:
Current:
Public safety 2,301,813 1,091,891 1,209,922 Total expenditures 2,301,813 1,091,891 1,209,922 Excess (deficiency) of revenues
over (under) expenditures 7,207 (478,377) (485,584) OTHER FINANCING SOURCES:
Transfers in 2,832 2,832 - Total other financing sources 2,832 2,832 - Net change in fund balance 10,039 (475,545) (485,584) FUND BALANCE:
Beginning of year 6,127,188 6,127,188 - End of year 6,137,227$ 5,651,643$ (485,584)$ 163
City of Antioch
Housing Successor Special Revenue Fund
Schedule of Revenues, Expenditures and Changes in Fund Balance - Budget and Actual For the Fiscal Year Ended June 30, 2025
Final Budgeted Variance With
Amounts Actual Final Budget
REVENUES:
Investment income and rentals 206,228$ 225,449$ 19,221$ Other 13,028 13,028 -
Total revenues 219,256 238,477 19,221 EXPENDITURES:
Current:
Public safety 1,067,781 516,557 551,224 Total expenditures 1,067,781 516,557 551,224 Excess (deficiency) of revenues
over (under) expenditures (848,525) (278,080) 570,445 OTHER FINANCING (USES):
Transfers (out) (2,832) (2,832) - Total other financing (uses) (2,832) (2,832) - Net change in fund balance (848,525) (280,912) 570,445 FUND BALANCE:
Beginning of year 15,450,859 15,450,859 - End of year 14,602,334$ 15,169,947$ 570,445$ 164
City of Antioch
RMRA Special Revenue Fund
Schedule of Revenues, Expenditures and Changes in Fund Balance - Budget and Actual For the Fiscal Year Ended June 30, 2025
Final Budgeted Variance With
Amounts Actual Final Budget
REVENUES:
Taxes 3,023,512$ 3,142,782$ 119,270$
Investment income and rentals 100,000 316,120 216,120 Revenues from other agencies - 885 885 Total revenues 3,123,512 3,459,787 336,275 EXPENDITURES:
Current:
Public works 32,476 37,556 (5,080) Capital outlay 7,792,974 188,421 7,604,553 Total expenditures 7,825,450 225,977 7,599,473 Excess (deficiency) of revenues
over (under) expenditures (4,701,938) 3,233,810 7,935,748 Net change in fund balance (4,701,938) 3,233,810 7,935,748 FUND BALANCE:
Beginning of year 6,880,526 6,880,526 - End of year 2,178,588$ 10,114,336$ 7,935,748$ 165
City of Antioch
Gas Tax Special Revenue Fund
Schedule of Revenues, Expenditures and Changes in Fund Balance - Budget and Actual For the Fiscal Year Ended June 30, 2025
Final Budgeted Variance With
Amounts Actual Final Budget
REVENUES:
Taxes 3,296,206$ 3,200,272$ (95,934)$
Investment income and rentals 100,000 137,438 37,438 Total revenues 3,396,206 3,337,710 (58,496) EXPENDITURES:
Current:
Public works 2,731,081 925,067 1,806,014 Capital outlay 987,175 544,533 442,642 Total expenditures 3,718,256 1,469,600 2,248,656 Excess (deficiency) of revenues
over (under) expenditures (322,050) 1,868,110 2,190,160 OTHER FINANCING (USES):
Transfers (out) (1,323,427) (1,215,225) 108,202 Total other financing (uses) (1,323,427) (1,215,225) 108,202 Net change in fund balance (1,645,477) 652,885 2,298,362 FUND BALANCE:
Beginning of year 3,311,712 3,311,712 - End of year 1,666,235$ 3,964,597$ 2,298,362$ 166
City of Antioch
Recreation Programs Special Revenue Fund
Schedule of Revenues, Expenditures and Changes in Fund Balance - Budget and Actual For the Fiscal Year Ended June 30, 2025
Final Budgeted Variance With
Amounts Actual Final Budget
REVENUES:
Investment income and rentals 473,288$ 497,523$ 24,235$ Current service charges 1,926,696 1,578,385 (348,311) Other 7,200 5,748 (1,452) Total revenues 2,407,184 2,081,656 (325,528) EXPENDITURES:
Current:
Parks and recreation 7,147,393 6,582,706 564,687 Capital outlay 202,112 17,405 184,707 Total expenditures 7,349,505 6,600,111 749,394 Excess (deficiency) of revenues
over (under) expenditures (4,942,321) (4,518,455) 423,866 OTHER FINANCING SOURCES:
Transfers in 4,800,208 4,362,348 (437,860) Total other financing sources 4,800,208 4,362,348 (437,860) Net change in fund balance (142,113) (156,107) (13,994) FUND BALANCE:
Beginning of year 1,426,565 1,426,565 - End of year 1,284,452$ 1,270,458$ (13,994)$ 167
City of Antioch
Animal Services Special Revenue Fund
Schedule of Revenues, Expenditures and Changes in Fund Balance - Budget and Actual For the Fiscal Year Ended June 30, 2025
Final Budgeted Variance With
Amounts Actual Final Budget
REVENUES:
Revenue from other agencies 15,000$ -$ (15,000)$ Current service charges 199,795 190,765 (9,030) Other 21,000 22,536 1,536 Total revenues 235,795 213,595 (22,200) EXPENDITURES:
Current:
Public safety 2,557,900 1,873,705 684,195 Total expenditures 2,557,900 1,873,705 684,195 Excess (deficiency) of revenues
over (under) expenditures (2,322,105) (1,660,110) 661,995 OTHER FINANCING SOURCES:
Transfers in 2,262,605 1,600,879 (661,726) Total other financing sources 2,262,605 1,600,879 (661,726) Net change in fund balance (59,500) (59,231) 269 FUND BALANCE:
Beginning of year 59,500 59,500 - End of year -$ 269$ 269$ 168
City of Antioch
Civic Arts Special Revenue Fund
Schedule of Revenues, Expenditures and Changes in Fund Balance - Budget and Actual For the Fiscal Year Ended June 30, 2025
Final Budgeted Variance With
Amounts Actual Final Budget
REVENUES:
Taxes 60,000$ 31,368$ (28,632)$ Investment income and rentals 15,325 15,736 411 Total revenues 75,325 47,104 (28,221) EXPENDITURES:
Current:
Parks and recreation 69,476 68,402 1,074 Total expenditures 69,476 68,402 1,074 Excess (deficiency) of revenues
over (under) expenditures 5,849 (21,298) (27,147) Net change in fund balance 5,849 (21,298) (27,147) FUND BALANCE:
Beginning of year 351,433 351,433 - End of year 357,282$ 330,135$ (27,147)$ 169
City of Antioch
Park in Lieu Special Revenue Fund
Schedule of Revenues, Expenditures and Changes in Fund Balance - Budget and Actual For the Fiscal Year Ended June 30, 2025
Final Budgeted Variance With
Amounts Actual Final Budget
REVENUES:
Investment income and rentals 115,000$ 134,880$ 19,880$ Revenue from other agencies 247,566 - (247,566) Current service charges 324,000 205,133 (118,867) Total revenues 686,566 340,013 (346,553) EXPENDITURES:
Current:
Parks and recreation 73,641 62,847 10,794 Capital outlay 1,507,203 208,386 1,298,817 Total expenditures 1,580,844 271,233 1,309,611 Excess (deficiency) of revenues
over (under) expenditures (894,278) 68,780 963,058 Net change in fund balance (894,278) 68,780 963,058 FUND BALANCE:
Beginning of year 3,481,704 3,481,704 - End of year 2,587,426$ 3,550,484$ 963,058$ 170
City of Antioch
Senior Bus Special Revenue Fund
Schedule of Revenues, Expenditures and Changes in Fund Balance - Budget and Actual For the Fiscal Year Ended June 30, 2025
Final Budgeted Variance With
Amounts Actual Final Budget
REVENUES:
Investment income and rentals 538$ 538$ -$ Total revenues 538 538 - EXPENDITURES:
Current:
Parks and recreation 356 356 - Total expenditures 356 356 - Excess (deficiency) of revenues
over (under) expenditures 182 182 - OTHER FINANCING (USES):
Transfers (out) (45,397) (45,397) - Total other financing (uses) (45,397) (45,397) - Net change in fund balance (45,215) (45,215) - FUND BALANCE:
Beginning of year 45,215 45,215 - End of year -$ -$ -$ 171
City of Antioch
Abandoned Vehicle Special Revenue Fund
Schedule of Revenues, Expenditures and Changes in Fund Balance - Budget and Actual For the Fiscal Year Ended June 30, 2025
Final Budgeted Variance With
Amounts Actual Final Budget
REVENUES:
Investment income and rentals 32,000$ 35,485$ 3,485$ Revenue from other agencies 93,599 109,389 15,790 Total revenues 125,599 144,874 19,275 EXPENDITURES:
Current:
Public safety 29,284 17,996 11,288 Total expenditures 29,284 17,996 11,288 Excess (deficiency) of revenues
over (under) expenditures 96,315 126,878 30,563 Net change in fund balances 96,315 126,878 30,563 FUND BALANCES:
Beginning of year 882,907 882,907 - End of year 979,222$ 1,009,785$ 30,563$ 172
City of Antioch
Traffic Signal Fee Special Revenue Fund
Schedule of Revenues, Expenditures and Changes in Fund Balance - Budget and Actual For the Fiscal Year Ended June 30, 2025
Final Budgeted Variance With
Amounts Actual Final Budget
REVENUES:
Investment income and rentals 30,000$ 33,009$ 3,009$ Current service charges 80,000 78,088 (1,912) Total revenues 110,000 111,097 1,097 EXPENDITURES:
Current:
Public works 9,681 10,010 (329) Capital outlay 466,071 - 466,071 Total expenditures 475,752 10,010 465,742 Excess (deficiency) of revenues
over (under) expenditures (365,752) 101,087 466,839 Net change in fund balances (365,752) 101,087 466,839 FUND BALANCES:
Beginning of year 816,399 816,399 - End of year 450,647$ 917,486$ 466,839$ 173
City of Antioch
Asset Forfeitures Special Revenue Fund
Schedule of Revenues, Expenditures and Changes in Fund Balance - Budget and Actual For the Fiscal Year Ended June 30, 2025
Final Budgeted Variance With
Amounts Actual Final Budget
REVENUES:
Investment income and rentals 45,000$ 47,552$ 2,552$ Other 16,182 1,182 (15,000) Total revenues 61,182 48,734 (12,448) EXPENDITURES:
Current:
Public safety 538,951 7,257 531,694 Total expenditures 538,951 7,257 531,694 Excess (deficiency) of revenues
over (under) expenditures (477,769) 41,477 519,246 Net change in fund balances (477,769) 41,477 519,246 FUND BALANCES:
Beginning of year 594,588 594,588 - End of year 116,819$ 636,065$ 519,246$ 174
City of Antioch
Measure J Growth Management Program Special Revenue Fund Schedule of Revenues, Expenditures and Changes in Fund Balance - Budget and Actual For the Fiscal Year Ended June 30, 2025
Final Budgeted Variance With
Amounts Actual Final Budget
REVENUES:
Taxes 1,632,304$ 1,632,304$ -$
Investment income and rentals 100,000 119,989 19,989 Revenue from other agencies 1,469,000 - (1,469,000) Total revenues 3,201,304 1,752,293 (1,449,011) EXPENDITURES:
Current:
Public works 487,504 73,183 414,321 Capital outlay 4,095,000 755,624 3,339,376 Total expenditures 4,582,504 828,807 3,753,697 Excess (deficiency) of revenues
over (under) expenditures (1,381,200) 923,486 2,304,686 Net change in fund balances (1,381,200) 923,486 2,304,686 FUND BALANCES:
Beginning of year 2,595,025 2,595,025 - End of year 1,213,825$ 3,518,511$ 2,304,686$ 175
City of Antioch
Child Care Special Revenue Fund
Schedule of Revenues, Expenditures and Changes in Fund Balance - Budget and Actual For the Fiscal Year Ended June 30, 2025
Final Budgeted Variance With
Amounts Actual Final Budget
REVENUES:
Investment income and rentals 112,955$ 114,199$ 1,244$ Total revenues 112,955 114,199 1,244 EXPENDITURES:
Current:
Parks and recreation 2,901 2,928 (27) Total expenditures 2,901 2,928 (27) Excess (deficiency) of revenues
over (under) expenditures 110,054 111,271 1,217 OTHER FINANCING (USES):
Transfers (out) (80,000) (80,000) - Total other financing (uses) (80,000) (80,000) - Net change in fund balances 30,054 31,271 1,217 FUND BALANCES:
Beginning of year 222,756 222,756 - End of year 252,810$ 254,027$ 1,217$ 176
City of Antioch
Tidelands Assembly Bill-1900 Special Revenue Fund
Schedule of Revenues, Expenditures and Changes in Fund Balance - Budget and Actual For the Fiscal Year Ended June 30, 2025
Final Budgeted Variance With
Amounts Actual Final Budget
REVENUES:
Investment income and rentals 13,238$ 13,611$ 373$ Total revenues 13,238 13,611 373 EXPENDITURES:
Current:
Public works 319 274 45 Total expenditures 319 274 45 Excess (deficiency) of revenues
over (under) expenditures 12,919 13,337 418 Net change in fund balances 12,919 13,337 418 FUND BALANCES:
Beginning of year 146,872 146,872 - End of year 159,791$ 160,209$ 418$ 177
City of Antioch
Lighting & Landscape District Special Revenue Fund
Schedule of Revenues, Expenditures and Changes in Fund Balance - Budget and Actual For the Fiscal Year Ended June 30, 2025
Final Budgeted Variance With
Amounts Actual Final Budget
REVENUES:
Investment income and rentals 79,500$ 101,842$ 22,342$ Special assessment revenue 2,236,674 2,334,904 98,230 Total revenues 2,316,174 2,436,746 120,572 EXPENDITURES:
Current:
Public works 6,264,406 3,900,659 2,363,747 Capital outlay 12,958 7,577 5,381 Total expenditures 6,277,364 3,908,236 2,369,128 Excess (deficiency) of revenues
over (under) expenditures (3,961,190) (1,471,490) 2,489,700 OTHER FINANCING SOURCES (USES):
Transfers in 1,923,022 1,779,801 (143,221) Transfers (out) (202,570) (201,198) 1,372 Total other financing sources (uses) 1,720,452 1,578,603 (141,849) Net change in fund balances (2,240,738) 107,113 2,347,851 FUND BALANCES:
Beginning of year 3,064,101 3,064,101 - End of year 823,363$ 3,171,214$ 2,347,851$ 178
City of Antioch
Park 1A Maintenance District Special Revenue Fund
Schedule of Revenues, Expenditures and Changes in Fund Balance - Budget and Actual For the Fiscal Year Ended June 30, 2025
Final Budgeted Variance With
Amounts Actual Final Budget
REVENUES:
Taxes 59,505$ 59,614$ 109$
Investment income and rentals 54,490 51,633 (2,857) Revenue from other agencies 260 250 (10) Total revenues 114,255 111,497 (2,758) EXPENDITURES:
Current:
Public works 155,382 63,232 92,150 Total expenditures 155,382 63,232 92,150 Excess (deficiency) of revenues
over (under) expenditures (41,127) 48,265 89,392 OTHER FINANCING (USES):
Transfers (out) (5,564) (4,343) 1,221 Total other financing (uses) (5,564) (4,343) 1,221 Net change in fund balances (46,691) 43,922 90,613 FUND BALANCES:
Beginning of year 288,914 288,914 - End of year 242,223$ 332,836$ 90,613$ 179
City of Antioch
Solid Waste Reduction AB 939 Special Revenue Fund
Schedule of Revenues, Expenditures and Changes in Fund Balance - Budget and Actual For the Fiscal Year Ended June 30, 2025
Final Budgeted Variance With
Amounts Actual Final Budget
REVENUES:
Taxes 320,000$ 320,000$ -$
Investment income and rentals 30,000 34,341 4,341 Revenue from other agencies 214,134 205,670 (8,464) Other 23,000 27,230 4,230 Total revenues 587,134 587,241 107 EXPENDITURES:
Current:
Public safety 631,653 416,937 214,716 Total expenditures 631,653 416,937 214,716 Excess (deficiency) of revenues
over (under) expenditures (44,519) 170,304 214,823 Net change in fund balances (44,519) 170,304 214,823 FUND BALANCES:
Beginning of year 379,421 379,421 - End of year 334,902$ 549,725$ 214,823$ 180
City of Antioch
Pollution Elimination Special Revenue Fund
Schedule of Revenues, Expenditures and Changes in Fund Balance - Budget and Actual For the Fiscal Year Ended June 30, 2025
Final Budgeted Variance With
Amounts Actual Final Budget
REVENUES:
Investment income and rentals 120,000$ 119,730$ (270)$ Special assessment revenue 825,000 699,408 (125,592) Total revenues 945,000 819,138 (125,862) EXPENDITURES:
Current:
Public works 1,710,123 1,324,491 385,632 Capital outlay 50,000 - 50,000 Total expenditures 1,760,123 1,324,491 435,632 Excess (deficiency) of revenues
over (under) expenditures (815,123) (505,353) 309,770 OTHER FINANCING SOURCES (USES):
Transfers in 70,000 70,000 - Transfers (out) (260,323) (254,607) 5,716 Total other financing sources (uses) (190,323) (184,607) 5,716 Net change in fund balances (1,005,446) (689,960) 315,486 FUND BALANCES:
Beginning of year 3,639,999 3,639,999 - End of year 2,634,553$ 2,950,039$ 315,486$ 181
City of Antioch
Supplemental Law Enforcement Special Revenue Fund
Schedule of Revenues, Expenditures and Changes in Fund Balance - Budget and Actual For the Fiscal Year Ended June 30, 2025
Final Budgeted Variance With
Amounts Actual Final Budget
REVENUES:
Investment income and rentals 3,200$ 3,282$ 82$ Revenue from other agencies 348,479 348,479 - Total revenues 351,679 351,761 82 EXPENDITURES:
Current:
Public safety 125 131 (6) Total expenditures 125 131 (6) Excess (deficiency) of revenues
over (under) expenditures 351,554 351,630 76 OTHER FINANCING (USES):
Transfers (out) (351,554) (351,630) (76) Total other financing (uses) (351,554) (351,630) (76) Net change in fund balances 125 - 6 FUND BALANCES:
Beginning of year - - - End of year 125$ -$ 6$ 182
City of Antioch
Local Law Enforcement Byrne Grant Special Revenue Fund
Schedule of Revenues, Expenditures and Changes in Fund Balance - Budget and Actual For the Fiscal Year Ended June 30, 2025
Final Budgeted Variance With
Amounts Actual Final Budget
REVENUES:
Revenue from other agencies 50,685$ 38,731$ (11,954)$ Total revenues 50,685 38,731 (11,954) EXPENDITURES:
Current:
Public safety 2,535 2,535 - Total expenditures 2,535 2,535 - Excess (deficiency) of revenues
over (under) expenditures 48,150 36,196 (11,954) OTHER FINANCING (USES):
Transfers (out) (48,150) (36,196) 11,954 Total other financing (uses) (48,150) (36,196) 11,954 Net change in fund balances 2,535 - - FUND BALANCES:
Beginning of year - - - End of year 2,535$ -$ -$ 183
City of Antioch
Street Impact Special Revenue Fund
Schedule of Revenues, Expenditures and Changes in Fund Balance - Budget and Actual For the Fiscal Year Ended June 30, 2025
Final Budgeted Variance With
Amounts Actual Final Budget
REVENUES:
Taxes 1,750,000$ 1,739,981$ (10,019)$
Investment income and rentals 30,000 32,241 2,241 Total revenues 1,780,000 1,772,222 (7,778) EXPENDITURES:
Current:
Public works 1,391 1,413 (22) Total expenditures 1,391 1,413 (22) Excess (deficiency) of revenues
over (under) expenditures 1,778,609 1,770,809 (7,800) OTHER FINANCING (USES):
Transfers (out) (1,925,000) (1,765,133) (159,867) Total other financing (uses) (1,925,000) (1,765,133) (159,867) Net change in fund balances (146,391) 5,676 (167,667) FUND BALANCES:
Beginning of year 449,959 449,959 - End of year 303,568$ 455,635$ (167,667)$ 184
City of Antioch
Traffic Safety Special Revenue Fund
Schedule of Revenues, Expenditures and Changes in Fund Balance - Budget and Actual For the Fiscal Year Ended June 30, 2025
Final Budgeted Variance With
Amounts Actual Final Budget
REVENUES:
Fines and penalties 48,000$ 38,013$ (9,987)$ Investment income and rentals 850 912 62 Total revenues 48,850 38,925 (9,925) EXPENDITURES:
Current:
Public safety 58 47 11 Total expenditures 58 47 11 Excess (deficiency) of revenues
over (under) expenditures 48,792 38,878 (9,914) OTHER FINANCING (USES):
Transfers (out) (48,000) (48,000) - Total other financing (uses) (48,000) (48,000) - Net change in fund balances 792 (9,122) (9,914) FUND BALANCES:
Beginning of year 12,782 12,782 - End of year 13,574$ 3,660$ (9,914)$ 185
City of Antioch
PEG Franchise Fee Special Revenue Fund
Schedule of Revenues, Expenditures and Changes in Fund Balance - Budget and Actual For the Fiscal Year Ended June 30, 2025
Final Budgeted Variance With
Amounts Actual Final Budget
REVENUES:
Taxes 182,000$ 179,198$ (2,802)$
Investment income and rentals 20,000 22,354 2,354 Total revenues 202,000 201,552 (448) EXPENDITURES:
Current:
General government 75,486 28,001 47,485 Capital outlay 32,945 27,965 4,980 Total expenditures 108,431 55,966 52,465 Excess (deficiency) of revenues
over (under) expenditures 93,569 145,586 52,017 Net change in fund balances 93,569 145,586 52,017 FUND BALANCES:
Beginning of year 552,539 552,539 - End of year 646,108$ 698,125$ 52,017$ 186
City of Antioch
SB1186 Disability Access Special Revenue Fund
Schedule of Revenues, Expenditures and Changes in Fund Balance - Budget and Actual For the Fiscal Year Ended June 30, 2025
Final Budgeted Variance With
Amounts Actual Final Budget
REVENUES:
Investment income and rentals 8,000$ 8,484$ 484$ Current service charges 37,000 35,742 (1,258) Total revenues 45,000 44,226 (774) EXPENDITURES:
Current:
Community development 10,308 3,057 7,251 Total expenditures 10,308 3,057 7,251 Excess (deficiency) of revenues
over (under) expenditures 34,692 41,169 6,477 Net change in fund balances 34,692 41,169 6,477 FUND BALANCES:
Beginning of year 205,324 205,324 - End of year 240,016$ 246,493$ 6,477$ 187
City of Antioch
East Lone Tree Benefit District Special Revenue Fund
Schedule of Revenues, Expenditures and Changes in Fund Balance - Budget and Actual For the Fiscal Year Ended June 30, 2025
Final Budgeted Variance With
Amounts Actual Final Budget
REVENUES:
Investment income and rentals 345,000$ 405,024$ 60,024$ Current service charges 570,000 570,000 - Total revenues 915,000 975,024 60,024 EXPENDITURES:
Current:
Public works 15,273 16,644 (1,371) Total expenditures 15,273 16,644 (1,371) Excess (deficiency) of revenues
over (under) expenditures 899,727 958,380 58,653 Net change in fund balances 899,727 958,380 58,653 FUND BALANCES:
Beginning of year 10,144,760 10,144,760 - End of year 11,044,487$ 11,103,140$ 58,653$ 188
City of Antioch
Kaiser Public Facility Benefit District Special Revenue Fund Schedule of Revenues, Expenditures and Changes in Fund Balance - Budget and Actual For the Fiscal Year Ended June 30, 2025
Final Budgeted Variance With
Amounts Actual Final Budget
REVENUES:
Investment income and rentals 1,200$ 1,306$ 106$ Total revenues 1,200 1,306 106 EXPENDITURES:
Current:
Public works 50 52 (2) Total expenditures 50 52 (2) Excess (deficiency) of revenues
over (under) expenditures 1,150 1,254 104 Net change in fund balances 1,150 1,254 104 FUND BALANCES:
Beginning of year 33,857 33,857 - End of year 35,007$ 35,111$ 104$ 189
City of Antioch
Opioid Settlements Special Revenue Fund
Schedule of Revenues, Expenditures and Changes in Fund Balance - Budget and Actual For the Fiscal Year Ended June 30, 2025
Final Budgeted Variance With
Amounts Actual Final Budget
REVENUES:
Other 185,755$ 185,305$ (450)
Total revenues 185,755 185,305 (450) EXPENDITURES:
Current:
Public safety 58,680 2,680 56,000 Total expenditures 58,680 2,680 56,000 Excess (deficiency) of revenues
over (under) expenditures 127,075 182,625 55,550 Net change in fund balances 127,075 182,625 55,550 FUND BALANCES:
Beginning of year 89,106 89,106 - End of year 216,181$ 271,731$ 55,550$ 190
City of Antioch
CalVIP Grant Special Revenue Fund
Schedule of Revenues, Expenditures and Changes in Fund Balance - Budget and Actual For the Fiscal Year Ended June 30, 2025
Final Budgeted Variance With
Amounts Actual Final Budget
REVENUES:
Revenue from other agencies 1,137,173$ 437,610$ (699,563)$ Total revenues 1,137,173 437,610 (699,563) EXPENDITURES:
Current:
Public safety 902,899 569,067 333,832 Total expenditures 902,899 569,067 333,832 Excess (deficiency) of revenues
over (under) expenditures 234,274 (131,457) (365,731) Net change in fund balances 234,274 (131,457) (365,731) FUND BALANCES:
Beginning of year (234,274) (234,274) - End of year -$ (365,731)$ (365,731)$ 191
City of Antioch
Storm Damage Special Revenue Fund
Schedule of Revenues, Expenditures and Changes in Fund Balance - Budget and Actual For the Fiscal Year Ended June 30, 2025
Final Budgeted Variance With
Amounts Actual Final Budget
REVENUES:
Revenue from other agencies 219,592$ 55,734$ (163,858)$ Total revenues 219,592 55,734 (163,858) EXPENDITURES:
Current:
Public works 223,308 - 223,308 Total expenditures 223,308 - 223,308 Excess (deficiency) of revenues
over (under) expenditures (3,716) 55,734 59,450 OTHER FINANCING SOURCES:
Transfers in 3,716 - (3,716) Total other financing sources 3,716 - (3,716) Net change in fund balances - 55,734 55,734 FUND BALANCES:
Beginning of year (664,000) (664,000) - End of year (664,000)$ (608,266)$ 55,734$ 192
City of Antioch
CFD 2016-01 Police Protection Special Revenue Fund
Schedule of Revenues, Expenditures and Changes in Fund Balance - Budget and Actual For the Fiscal Year Ended June 30, 2025
Final Budgeted Variance With
Amounts Actual Final Budget
REVENUES:
Investment income and rentals 1,500$ 4,087$ 2,587$ Special assessment revenue 313,303 313,303 - Total revenues 314,803 317,390 2,587 EXPENDITURES:
Current:
Public safety 686 17,119 (16,433) Total expenditures 686 17,119 (16,433) Excess (deficiency) of revenues
over (under) expenditures 314,117 300,271 (13,846) OTHER FINANCING (USES):
Transfers (out) (314,117) (300,271) 13,846 Total other financing (uses) (314,117) (300,271) 13,846 Net change in fund balances - - - FUND BALANCES:
Beginning of year - - - End of year -$ -$ -$ 193
City of Antioch
CFD 2018-01 Public Services Special Revenue Fund
Schedule of Revenues, Expenditures and Changes in Fund Balance - Budget and Actual For the Fiscal Year Ended June 30, 2025
Final Budgeted Variance With
Amounts Actual Final Budget
REVENUES:
Investment income and rentals 65,000$ 78,801$ 13,801$ Special assessment revenue 785,502 785,502 - Total revenues 850,502 864,303 13,801 EXPENDITURES:
Current:
Public works 63,487 91,932 (28,445) Total expenditures 63,487 91,932 (28,445) Excess (deficiency) of revenues
over (under) expenditures 787,015 772,371 (14,644) Net change in fund balances 787,015 772,371 (14,644) FUND BALANCES:
Beginning of year 1,737,795 1,737,795 - End of year 2,524,810$ 2,510,166$ (14,644)$ 194
City of Antioch
CFD 2018-02 Police Protection Special Revenue Fund
Schedule of Revenues, Expenditures and Changes in Fund Balance - Budget and Actual For the Fiscal Year Ended June 30, 2025
Final Budgeted Variance With
Amounts Actual Final Budget
REVENUES:
Investment income and rentals 5,500$ 9,730$ 4,230$ Special assessment revenue 750,556 750,556 - Total revenues 756,056 760,286 4,230 EXPENDITURES:
Current:
Public safety 886 17,487 (16,601) Total expenditures 886 17,487 (16,601) Excess (deficiency) of revenues
over (under) expenditures 755,170 742,799 (12,371) OTHER FINANCING (USES):
Transfers (out) (624,416) (742,799) (118,383) Total other financing (uses) (624,416) (742,799) (118,383) Net change in fund balances 130,754 - (130,754) FUND BALANCES:
Beginning of year - - - End of year 130,754$ -$ (130,754)$ 195
City of Antioch
CFD 2022-01 Public Services Special Revenue Fund
Schedule of Revenues, Expenditures and Changes in Fund Balance - Budget and Actual For the Fiscal Year Ended June 30, 2025
Final Budgeted Variance With
Amounts Actual Final Budget
REVENUES:
Investment income and rentals 9,000$ 10,640$ 1,640$ Special assessment revenue 234,177 234,177 - Total revenues 243,177 244,817 1,640 EXPENDITURES:
Current:
Public works 19,350 22,637 (3,287) Total expenditures 19,350 22,637 (3,287) Excess (deficiency) of revenues
over (under) expenditures 223,827 222,180 (1,647) Net change in fund balances 223,827 222,180 (1,647) FUND BALANCES:
Beginning of year 181,043 181,043 - End of year 404,870$ 403,223$ (1,647)$ 196
City of Antioch
California Volunteers Grant Special Revenue Fund
Schedule of Revenues, Expenditures and Changes in Fund Balance - Budget and Actual For the Fiscal Year Ended June 30, 2025
Final Budgeted Variance With
Amounts Actual Final Budget
REVENUES:
Revenue from other agencies 241,095$ -$ (241,095)$ Total revenues 241,095 - (241,095) EXPENDITURES:
Current:
Public safety 241,095 177,574 63,521 Total expenditures 241,095 177,574 63,521 Excess (deficiency) of revenues
over (under) expenditures - (177,574) (177,574) Net change in fund balance - (177,574) (177,574) FUND BALANCE:
Beginning of year - - - End of year -$ (177,574)$ (177,574)$ 197
City of Antioch
ERF Grant Special Revenue Fund
Schedule of Revenues, Expenditures and Changes in Fund Balance - Budget and Actual For the Fiscal Year Ended June 30, 2025
Final Budgeted Variance With
Amounts Actual Final Budget
REVENUES:
Revenue from other agencies 3,244,136$ 4,069,411$ 825,275$ Total revenues 3,244,136 4,069,411 825,275 EXPENDITURES:
Current:
Public safety 3,244,136 4,069,411 (825,275) Total expenditures 3,244,136 4,069,411 (825,275) Excess (deficiency) of revenues
over (under) expenditures - - - Net change in fund balance - - - FUND BALANCE:
Beginning of year - - - End of year -$ -$ -$ 198
City of Antioch
American Rescue Plan Special Revenue Fund
Schedule of Revenues, Expenditures and Changes in Fund Balance - Budget and Actual For the Fiscal Year Ended June 30, 2025
Final Budgeted Variance With
Amounts Actual Final Budget
REVENUES:
Investment income and rentals 286,115$ 259,404$ (26,711)$ Revenue from other agencies 14,583,095 11,484,658 (3,098,437) Total revenues 14,869,210 11,744,062 (3,125,148) EXPENDITURES:
Current:
Public safety 6,863,004 3,886,888 2,976,116 Capital Outlay 2,469,995 2,309,332 160,663 Debt service:
Principal retirement 943,909 960,132 (16,223) Interest and fiscal charges 13,202 13,202 - Total expenditures 10,290,110 7,169,554 3,120,556 Excess (deficiency) of revenues
over (under) expenditures 4,579,100 4,574,508 (4,592) OTHER FINANCING (USES):
Transfers (out) (5,247,416) (5,242,824) 4,592 Total other financing (uses) (5,247,416) (5,242,824) 4,592 Net change in fund balance 4,579,100 (668,316) (4,592) FUND BALANCE:
Beginning of year, as previously reported - - - Adjustments 668,316 668,316 - Beginning of year, as restated 668,316 668,316 - End of year 5,247,416$ -$ (4,592)$ 199
City of Antioch
ADU Accelerator Program Special Revenue Fund
Schedule of Revenues, Expenditures and Changes in Fund Balance - Budget and Actual For the Fiscal Year Ended June 30, 2025
Final Budgeted Variance With
Amounts Actual Final Budget
REVENUES:
Investment income and rentals 3,500$ 4,928$ (1,428)$ Revenue from other agencies 266,229 266,229 - Total revenues 269,729 271,157 (1,428) EXPENDITURES:
Community development 266,529 251 266,278 Total expenditures 266,529 251 266,278 Excess (deficiency) of revenues
over (under) expenditures 3,200 270,906 264,850 Net change in fund balances 3,200 270,906 264,850 FUND BALANCES:
Beginning of year - - - End of year 3,200$ 270,906$ 264,850$ 200
City of Antioch
Post Retirement Medical Special Revenue Fund
Schedule of Revenues, Expenditures and Changes in Fund Balance - Budget and Actual For the Fiscal Year Ended June 30, 2025
Final Budgeted Variance With
Amounts Actual Final Budget
REVENUES:
Investment income and rentals 50,000$ 55,896$ (5,896)$ Charges for services 2,346,364 2,395,574 (49,210) Total revenues 2,396,364 2,451,470 (55,106) EXPENDITURES:
General government 1,513,513 1,432,664 80,849 Public safety 1,143,625 1,149,515 (5,890) Total expenditures 2,657,138 2,582,179 74,959 Excess (deficiency) of revenues
over (under) expenditures (260,774) (130,709) 19,853 Net change in fund balances (260,774) (130,709) 19,853 FUND BALANCES:
Beginning of year 1,412,893 1,412,893 - End of year 1,152,119$ 1,282,184$ 19,853$ 201
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202
NON-MAJOR DEBT SERVICE FUNDS
Debt Service Funds are used to account for the payment of principal and interest on the general debt service of the City and related entities.
ABAG/2015 Lease Revenue
In 1985 and 1994, the City of Antioch particpated in the Association of Bay Area Governments' pooled Certificates of Participation to fund improvements to the clubhouse at the City's golf course and irrigation system, respectively. These bonds were refinanced in fiscal year 2015 with the issuance of the Antioch Public Financing Authority 2015A Lease Revenue Refunding Bonds.
203
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204
City of Antioch
Combining Balance Sheet
Non-Major Debt Service Funds
June 30, 2025
ABAG/
2015 Lease
Revenue Total
ASSETS
Prepaid items 257$ 257$
Total assets 257$ 257$
FUND BALANCES
Restricted for:
Debt service 257$ 257$
Total fund balances 257 257
Total liabilities and fund balances 257$ 257$ 205
City of Antioch
Combining Statement of Revenues, Expenditures and Changes in Fund Balances Non-Major Debt Service Funds
For the Fiscal Year Ended June 30, 2025
ABAG/
2015 Lease
Revenue Total
EXPENDITURES:
Current:
General government 63$ 63$
Debt service:
Principal retirements 255,000 255,000
Interest and fiscal charges 89,885 89,885 Total expenditures 344,948 344,948
REVENUES OVER
(UNDER) EXPENDITURES (344,948) (344,948)
OTHER FINANCING SOURCES:
Transfer in 344,969 344,969
Total other financing sources 344,969 344,969 Net change in fund balances 21 21 FUND BALANCES:
Beginning of year 236 236
End of year 257$ 257$
206
City of Antioch
ABAG 2015 Lease Revenue Debt Service Fund
Schedule of Revenues, Expenditures and Changes in Fund Balance - Budget and Actual For the Fiscal Year Ended June 30, 2025
Final Budgeted Variance With
Amounts Actual Final Budget
EXPENDITURES:
Current:
General government 63$ 63$ -$ Debt service:
Principal retirements 255,000 255,000 - Interest and fiscal charges 89,925 89,885 40 Total expenditures 344,988 344,948 40 Excess (deficiency) of revenues
over (under) expenditures (344,988) (344,948) 40 OTHER FINANCING SOURCES:
Transfers In 344,988 344,969 (19) Total other financing sources 344,988 344,969 (19) Net change in fund balances - 21 21 FUND BALANCES:
Beginning of year 236 236 - End of year 236$ 257$ 21$ 207
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208
NON-MAJOR CAPITAL PROJECTS FUNDS
Capital Projects Funds are utilized to account for resources used for the acquisition and construction of capital facilities by the City, with the exception of those assets financed by proprietary funds.
Capital Improvement Fund
This fund records all revenues, expenditures, assets and liabilities associated with City capital projects. It accounts for resources used to construct or acquire capital assets and make capital improvements.
Prewett Community Park
This fund accounted for the construction of the Prewett Community Center and now records costs associated with the repair and maintenance of the facility.
Special Assessment Districts
These funds were established to account for construction and acquisition of land and public improvements in various assessment districts. Financing is provided by assessment bond proceeds.
Hillcrest Bridge District
This fund accounts for developer fees collected to fund bridge construction in the Hillcrest Area.
Residential Development Allocation
This fund accounts for contributions by developers for various projects as determined by the City Council.
Development Impact Fee
This fund accounts for Development Impact Fees established pursuant to Ordinance 2079-C-S in order to defray the costs of certain public facilities required to serve new development within the City. 209
City of Antioch
Combining Balance Sheet
Non-Major Capital Project Funds
June 30, 2025
Prewett
Capital Community Hillcrest Lone
Improvement Park District #26 Diamond
ASSETS
Cash and investments 6,300,810$ 1,834,331$ 418,443$ 505,523$ Accounts receivable, net 1,125 - - - Total assets 6,301,935$ 1,834,331$ 418,443$ 505,523$
LIABILITIES
Liabilities:
Accounts payable 76,683$ -$ -$ -$ Accrued payroll 3,215 - - - Deposits 168,948 - - - Total liabilities 248,846 - - -
FUND BALANCES
Restricted - - - - Assigned for:
Capital Projects 6,053,089 1,834,331 - - Community Benefit Programs - - - - AD 26 - - 418,443 - AD 27 - - - 505,523 Total fund balances 6,053,089 1,834,331 418,443 505,523 Total liabilities and fund balances 6,301,935$ 1,834,331$ 418,443$ 505,523$ Special Assessment Districts
210
Hillcrest Residential Development
Bridge Development Impact
District Allocation Fee Total
101,554$ 40,325$ 10,921,417$ 20,122,403$ - - - 1,125 101,554$ 40,325$ 10,921,417$ 20,123,528$ -$ -$ -$ 76,683$ - - - 3,215 - - - 168,948 - - - 248,846 - - 10,921,417 10,921,417 101,554 - - 7,988,974 - 40,325 - 40,325 - - - 418,443 - - - 505,523 101,554 40,325 10,921,417 19,874,682 101,554$ 40,325$ 10,921,417$ 20,123,528$ 211
City of Antioch
Combining Statement of Revenues, Expenditures and Changes in Fund Balances Non-Major Capital Project Funds
For the Fiscal Year Ended June 30, 2025
Prewett
Capital Community Hillcrest Lone
Improvement Park District #26 Diamond
REVENUES:
Taxes 300,000$ -$ -$ -$ Investment income and rentals 254,327 58,485 15,567 17,406 Revenue from other agencies 90,000 - - - Current service charges 5,790 - - 86,234 Other 20,262 - - - Total revenues 670,379 58,485 15,567 103,640 EXPENDITURES:
Current:
General government - - - - Public works 228,936 - 679 3,444 Public safety - - - - Parks and recreation - 8,532 - - Community development - - - - Capital outlay 1,144,988 105,954 - Total expenditures 1,373,924 114,486 679 3,444 REVENUES OVER (UNDER) EXPENDITURES (703,545) (56,001) 14,888 100,196 OTHER FINANCING SOURCES (USES):
Transfers in 1,632,650 456,306 - - Transfers (out) (1,704,846) - - - Total other financing sources (uses) (72,196) 456,306 - - Net change in fund balances (775,741) 400,305 14,888 100,196 FUND BALANCES:
Beginning of year 6,828,830 1,434,026 403,555 405,327 End of year 6,053,089$ 1,834,331$ 418,443$ 505,523$ Special Assessment Districts
212
Hillcrest Residential Development
Bridge Development Impact
District Allocation Fee Total
-$ -$ -$ 300,000$ 3,778 1,551 411,159 762,273 - - - 90,000 - - 862,631 954,655 - - - 20,262 3,778 1,551 1,273,790 2,127,190 - - 4,438 4,438 175 - 1,337 234,571 - - 2,708 2,708 - - 11,103 19,635 - 2,446 - 2,446 - - 490,799 1,741,741 175 2,446 510,385 2,005,539 3,603 (895) 763,405 121,651 - - - 2,088,956 - - (166,042) (1,870,888) - - (166,042) 218,068 3,603 (895) 597,363 339,719 97,951 41,220 10,324,054 19,534,963 101,554$ 40,325$ 10,921,417$ 19,874,682$ 213
City of Antioch
Capital Improvement Capital Projects Fund
Schedule of Revenues, Expenditures and Changes in Fund Balance - Budget and Actual For the Fiscal Year Ended June 30, 2025
Final Budgeted Variance With
Amounts Actual Final Budget
REVENUES:
Taxes 300,000$ 300,000$ -$
Investment income and rentals 250,000 254,327 4,327 Revenue from other agencies 6,290,000 90,000 (6,200,000) Current service charges 5,000 5,790 790 Other 20,262 20,262 -
Total revenues 6,865,262 670,379 (6,194,883) EXPENDITURES:
Public works 225,758 228,936 (3,178) Capital outlay 9,455,373 1,144,988 8,310,385 Total expenditures 9,681,131 1,373,924 8,307,207 Excess (deficiency) of revenues
over (under) expenditures (2,815,869) (703,545) 2,112,324 OTHER FINANCING SOURCES (USES):
Transfers in 1,984,103 1,632,650 (351,453) Transfers (out) (1,704,846) (1,704,846) - Total other financing sources 279,257 (72,196) (351,453) Net change in fund balances (2,536,612) (775,741) 1,760,871 FUND BALANCES:
Beginning of year 6,828,830 6,828,830 - End of year 4,292,218$ 6,053,089$ 1,760,871$ 214
City of Antioch
Prewett Community Park Capital Projects Fund
Schedule of Revenues, Expenditures and Changes in Fund Balance - Budget and Actual For the Fiscal Year Ended June 30, 2025
Final Budgeted Variance With
Amounts Actual Final Budget
REVENUES:
Investment income and rentals 50,000$ 58,485$ 8,485$ Total revenues 50,000 58,485 8,485 EXPENDITURES:
Parks and recreation 8,166 8,532 (366) Capital outlay 1,218,554 105,954 1,112,600 Total expenditures 1,226,720 114,486 1,112,234 Excess (deficiency) of revenues
over (under) expenditures (1,176,720) (56,001) 1,120,719 OTHER FINANCING SOURCES (USES):
Transfers in 456,306 456,306 - Total other financing uses 456,306 456,306 - Net change in fund balances (720,414) 400,305 1,120,719 FUND BALANCES:
Beginning of year 1,434,026 1,434,026 - End of year 713,612$ 1,834,331$ 1,120,719$ 215
City of Antioch
Hillcrest District #26 Capital Projects Fund
Schedule of Revenues, Expenditures and Changes in Fund Balance - Budget and Actual For the Fiscal Year Ended June 30, 2025
Final Budgeted Variance With
Amounts Actual Final Budget
REVENUES:
Investment income and rentals 15,000$ 15,567$ 567$ Total revenues 15,000 15,567 567 EXPENDITURES:
Public works 654 679 (25) Total expenditures 654 679 (25) Excess (deficiency) of revenues
over (under) expenditures 14,346 14,888 542 Net change in fund balances 14,346 14,888 542 FUND BALANCES:
Beginning of year 403,555 403,555 - End of year 417,901$ 418,443$ 542$ 216
City of Antioch
Lone Diamond Capital Projects Fund
Schedule of Revenues, Expenditures and Changes in Fund Balance - Budget and Actual For the Fiscal Year Ended June 30, 2025
Final Budgeted Variance With
Amounts Actual Final Budget
REVENUES:
Investment income and rentals 14,000$ 17,406$ 3,406$ Current service charges 56,563 86,234 29,671 Total revenues 70,563 103,640 33,077 EXPENDITURES:
Public works 23,869 3,444 20,425 Total expenditures 23,869 3,444 20,425 Excess (deficiency) of revenues
over (under) expenditures 46,694 100,196 53,502 Net change in fund balances 46,694 100,196 53,502 FUND BALANCES:
Beginning of year 405,327 405,327 - End of year 452,021$ 505,523$ 53,502$ 217
City of Antioch
Hillcrest Bridge District Capital Projects Fund
Schedule of Revenues, Expenditures and Changes in Fund Balance - Budget and Actual For the Fiscal Year Ended June 30, 2025
Final Budgeted Variance With
Amounts Actual Final Budget
REVENUES:
Investment income and rentals 3,550$ 3,778$ 228$ Total revenues 3,550 3,778 228 EXPENDITURES:
Public works 173 175 (2) Total expenditures 173 175 (2) Excess (deficiency) of revenues
over (under) expenditures 3,377 3,603 226 Net change in fund balances 3,377 3,603 226 FUND BALANCES:
Beginning of year 97,951 97,951 - End of year 101,328$ 101,554$ 226$ 218
City of Antioch
Residential Development Allocation Capital Projects Fund Schedule of Revenues, Expenditures and Changes in Fund Balance - Budget and Actual For the Fiscal Year Ended June 30, 2025
Final Budgeted Variance With
Amounts Actual Final Budget
REVENUES:
Investment income and rentals 1,200$ 1,551$ 351$ Total revenues 1,200 1,551 351 EXPENDITURES:
Community development 2,454 2,446 8 Total expenditures 2,454 2,446 8 Excess (deficiency) of revenues
over (under) expenditures (1,254) (895) 359 Net change in fund balances (1,254) (895) 359 FUND BALANCES:
Beginning of year 41,220 41,220 - End of year 39,966$ 40,325$ 359$ 219
City of Antioch
Development Impact Fee Capital Projects Fund
Schedule of Revenues, Expenditures and Changes in Fund Balance - Budget and Actual For the Fiscal Year Ended June 30, 2025
Final Budgeted Variance With
Amounts Actual Final Budget
REVENUES:
Investment income and rentals 371,000$ 411,159$ 40,159$ Current service charges 931,000 862,631 (68,369) Total revenues 1,302,000 1,273,790 (28,210) EXPENDITURES:
General government 4,039 4,438 (399) Public works 1,239 1,337 (98) Public safety 2,177 2,708 (531) Parks and recreation 8,434 11,103 (2,669) Capital outlay 662,011 490,799 171,212 Total expenditures 677,900 510,385 167,515 Excess (deficiency) of revenues
over (under) expenditures 624,100 763,405 139,305 OTHER FINANCING (USES):
Transfers out (166,042) (166,042) - Total other financing (uses) (166,042) (166,042) - Net change in fund balances 458,058 597,363 (139,305) FUND BALANCES:
Beginning of year 10,324,054 10,324,054
-
End of year 10,782,112$ 10,921,417$ (139,305)$ 220
INTERNAL SERVICE FUNDS
Internal Service Funds are used to finance and account for special activities and services performed by a designated City department for other departments on a cost reimbursement basis.
Vehicle Repair and Replacement
This fund accounts for the maintenance and replacement of vehicles and equipment used by all City departments. The source of revenue for this fund is rental fees charged to the various departments.
Office Equipment Replacement
This fund accounts for the costs incurred for the operation, maintenance, and replacement of office equipment used by City departments. The source of revenue for this fund is rental fees charged to the various user departments.
Loss Control Fund
These funds are used to pay workers' compensation insurance premiums and the salary of the administrative analyst. 221
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222
City of Antioch
Combining Statement of Net Position
Internal Services Funds
June 30, 2025
Vehicle Office
Repair & Equipment Loss
Replacement Replacement Control Total
ASSETS
Current assets:
Cash and investments 11,916,514$ 1,896,852$ 269,043$ 14,082,409$ Accounts receivable, net 10,854 5,759 375 16,988 Materials, parts and supplies 54,793 - - 54,793 Prepaid items 1,837 128,609 - 130,446 Total current assets 11,983,998 2,031,220 269,418 14,284,636 Noncurrent assets:
Capital assets:
Vehicles and equipment 13,178,986 3,015,844 - 16,194,830 Improvements other than buildings - 91,116 - 91,116 Intangible right to use subscription assets - 672,976 - 672,976 Less accumulated depreciation/amortization (7,413,190) (3,248,035) - (10,661,225) Net capital assets 5,765,796 531,901 - 6,297,697 Total assets 17,749,794 2,563,121 269,418 20,582,333
LIABILITIES
Current liabilities:
Accounts payable 117,050 88,331 - 205,381 Accrued payroll 31,093 51,831 5,449 88,373 Interest payable - 4,376 - 4,376 Current portion of compensated absences 6,874 12,599 87 19,560 Subscription liability - due within one year - 213,093 - 213,093 Total current liabilities 155,017 370,230 5,536 530,783 Long-term liabilities:
Compensated absences 61,866 113,395 783 176,044 Total long-term liabilities 61,866 113,395 783 176,044 Total liabilities 216,883 483,625 6,319 706,827
NET POSITION
Net investment in capital assets 5,765,796 318,808 - 6,084,604 Unrestricted 11,767,115 1,760,688 263,099 13,790,902 Total net position 17,532,911$ 2,079,496$ 263,099$ 19,875,506$ 223
City of Antioch
Combining Statement of Revenues, Expenses and Changes in Net Position Internal Services Funds
For the Fiscal Year Ended June 30, 2025
Vehicle Office
Repair & Equipment Loss
Replacement Replacement Control Total
OPERATING REVENUES:
Charges for services 3,827,362$ 3,426,127$ 2,761,557$ 10,015,046$ Other revenue 62,601 42,152 1,486 106,239 Total operating revenues 3,889,963 3,468,279 2,763,043 10,121,285 OPERATING EXPENSES:
Wages and benefits 915,700 1,627,198 83,675 2,626,573 Contractual services 280,744 1,311,772 3,399,845 4,992,361 Tools and supplies 953,170 274,772 10,400 1,238,342 Depreciation & amortization 824,425 223,823 - 1,048,248 Repairs and maintenance 89,773 - - 89,773 Total operating expenses 3,063,812 3,437,565 3,493,920 9,995,297 Operating income (loss) 826,151 30,714 (730,877) 125,988 NONCAPITAL SUBSIDIES:
Transfers in 66,042 360,422 - 426,464 Total noncapital subsidies 66,042 360,422 - 426,464 Operating income (loss) and
noncapital subsidies 892,193 391,136 (730,877) 552,452
OTHER NONOPERATING REVENUES
(EXPENSES):
Gain (loss) on sale of property 29,673 - - 29,673 Investment income 464,717 49,332 4,530 518,579 Subscription interest (expense) - (13,306) - (13,306) Total other nonoperating revenues 494,390 36,026 4,530 534,946 CHANGE IN NET POSITION 1,386,583 427,162 (726,347) 1,087,398 NET POSITION:
Beginning of year, as previously reported 16,180,542 1,688,799 989,855 18,859,196 Restatements (34,214) (36,465) (409) (71,088) Beginning of year, as restated 16,146,328 1,652,334 989,446 18,788,108 End of year 17,532,911$ 2,079,496$ 263,099$ 19,875,506$ 224
City of Antioch
Combining Statement of Cash Flows
Internal Services Funds
For the Fiscal Year Ended June 30, 2025
Vehicle Office
Repair & Equipment Loss
Replacement Replacement Control Total
CASH FLOWS FROM OPERATING ACTIVITIES:
Cash receipt from other funds 3,901,793$ 3,469,656$ 2,762,668$ 10,134,117$ Cash payment to suppliers for goods and services (1,288,629) (1,591,102) (3,410,454) (6,290,185) Cash payment to employees for services (900,467) (1,661,606) (88,417) (2,650,490) Net cash provided by (used in) operating activities 1,712,697 216,948 (736,203) 1,193,442
CASH FLOWS FROM NONCAPITAL
FINANCING ACTIVITIES:
Transfers in 66,042 360,422 - 426,464 Net cash provided by (used in) noncapital
financing activities 66,042 360,422 - 426,464
CASH FLOWS FROM CAPITAL AND RELATED
FINANCING ACTIVITIES:
Capital asset additions (2,528,920) (19,805) - (2,548,725) Proceeds from sale of capital assets 29,673 - - 29,673 Subscription principal paid - (220,582) - (220,582) Subscription interest paid - (17,860) - (17,860) Net cash provided by (used in) capital
and related financing activities (2,499,247) (258,247) - (2,757,494) CASH FLOWS FROM INVESTING ACTIVITIES:
Interest received (paid) 464,717 49,332 4,530 518,579 Net cash provided by (used in) investing activities 464,717 49,332 4,530 518,579 Net change in cash and cash equivalents (255,791) 368,455 (731,673) (619,009) Cash and cash equivalents, beginning of year 12,172,305 1,528,397 1,000,716 14,701,418 Cash and cash equivalents, end of year 11,916,514$ 1,896,852$ 269,043$ 14,082,409$
RECONCILIATION OF OPERATING INCOME
(LOSS) TO NET CASH PROVIDED BY
(USED IN) OPERATING ACTIVITIES:
Operating income (loss) 826,151$ 30,714$ (730,877)$ 125,988$ Adjustments to reconcile operating income (loss) to
cash flows from operating activities:
Depreciation 824,425 223,823 - 1,048,248 Decrease (increase) in:
Accounts receivable 11,830 1,377 (375) 12,832 Materials, parts, and supplies (34,310) - - (34,310) Prepaid items (1,837) (28,853) - (30,690) Increase (decrease) in:
Accounts payable 71,205 24,295 (209) 95,291 Accrued payroll 9,108 7,744 (910) 15,942 Accrued compensated absences 6,125 (42,152) (3,832) (39,859) Net cash provided by (used in) operating activities 1,712,697$ 216,948$ (736,203)$ 1,193,442$ 225
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CUSTODIAL FUNDS
Custodial Funds account for fiduciary activities that are not accounted for in a trust.
Storm Drain Districts D55 and D56
The City collects storm drain fees from developers and builders. This fund accounts for all the fees collected and sent to the County on quarterly basis. The City receives an administrative fee equal to 0.5% of the total fees collected.
Fire Protection
The City has entered into an agreement with the Contra Costa Consolidated Fire District whereby the City collects fire protection facility fees from developers based on the number of units built. Fees are to provide fire protection facilities only. The City receives an administrative fee equal to 1% of the total fees collected.
East County Water Management Association
The Governing Board of the East County Water Management Association has authorized the City to account for the financial operations of the association. The fund is used to record collections and disbursements of funds as authorized by the Association, of which the City is a member agency. 227
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228
City of Antioch
Combining Statement of Fiduciary Net Position
Custodial Funds
June 30, 2025
Storm Drain Fire
D55 & D56 Protection ECWMA Total
ASSETS
Cash and investments 22,916$ 2,235,242$ 44,188$ 2,302,346$ Total assets 22,916 2,235,242 44,188 2,302,346
LIABILITIES
Due to organizations and other governments 16,192 - - 16,192 Total liabilities 16,192 - - 16,192 NET POSITION:
Restricted for:
Organizations and other governments 6,724 2,235,242 44,188 2,286,154 Total net position 6,724$ 2,235,242$ 44,188$ 2,286,154$ 229
City of Antioch
Combining Statement of Changes in Fiduciary Net Position Custodial Funds
For the Fiscal Year Ended June 30, 2025
Storm Drain Fire
D55 & D56 Protection ECWMA Total
ADDITIONS
Investment earnings:
Investment income and rentals -$ 68,304$ 1,397$ 69,701$ Drainage fee collections for other governments 4,180 - - 4,180 Fire protection fee collections for other
governments - 169,080 - 169,080 Total additions 4,180 237,384 1,397 242,961
DEDUCTIONS
Administrative expenses 81 5,045 66 5,192 Payments of drainage fees to other governments 16,192 - - 16,192 Total deductions 16,273 5,045 66 21,384 Change in net position (12,093) 232,339 1,331 221,577 NET POSITION:
Beginning of year 18,817 2,002,903 42,857 2,064,577 End of year 6,724$ 2,235,242$ 44,188$ 2,286,154$ 230
STATISTICAL SECTION
231
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232
Contents Page
Financial Trends 234
These schedules contain trend information to help the reader understand how the City's financial performance and well-being have changed over time.
Revenue Capacity 239
These schedules contain information to help the reader assess the City's most significant local revenues. Property tax is the City's most signifcant revenue.
Debt Capacity 244
These schedules present information to help the reader assess the affordability of the City's current levels of outstanding debt and its ability to issue additional debt in the future.
Demographic and Economic Information 249
These schedules offer demographic and economic indicators to help the reader understand the environment within which the City's financial activities take place.
Operating Information 251
These schedules contain service and infrastructure data to help the reader understand how the information in the financial report relates to the services the City provides and the activities it performs.
Sources: Unless otherwise noted, the information in these schedules is derived from the annual comprehensive financial report for the relevant year.
STATISTICAL SECTION
233
CITY OF ANTIOCH
Net Position by Component
Last Ten Fiscal Years
(accrual basis of accounting)
(amounts expressed in thousands)
2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Governmental activities
Net investment in capital
assets $323,132 $312,206 $307,094 $309,589 $305,541 $302,696 $296,362 $293,412 $297,865 $296,953 Restricted 37,657 39,323 44,729 44,582 42,109 45,380 55,955 66,774 72,041 81,444 Unrestricted (40,948) (34,184) (75,016) (1) (67,159) (65,202) (47,056) (29,607) (6,876) (132) (1,066) Total governmental activities net
position $319,841 $317,345 $276,807 $287,012 $282,448 $301,020 $322,710 $353,310 $369,774 $377,331 Business-type activities
Net investment in capital
assets $148,729 $149,447 $148,450 $140,301 $148,076 $155,423 $175,881 $190,328 $200,345 $202,029 Restricted 0 0 0 0 0 0 0 0 97 (2) 3,067 (3)
Unrestricted 31,387 36,587 40,303 51,360 63,906 77,159 95,319 91,570 91,752 89,256 Total business-type activities net
position $180,116 $186,034 $188,753 $191,661 $211,982 $232,582 $271,200 $281,898 $292,194 $294,352 Primary government
Net investment in capital
assets $471,861 $461,653 $455,544 $449,890 $453,617 $458,119 $472,243 $483,740 $498,210 $498,982 Restricted 37,657 39,323 44,729 44,582 42,109 45,380 55,955 66,774 72,138 84,511 Unrestricted (9,561) 2,403 (34,713) (1) (15,799) (1,296) 30,103 65,712 84,694 91,620 88,190 Total primary government net
position $499,957 $503,379 $465,560 $478,673 $494,430 $533,602 $593,910 $635,208 $661,968 $671,683 (1) Significant decrease in net position from fiscal year 2017 due to implementation of GASB Statement No. 75 requiring recognition of net OPEB liability. (2) Proprietary funds have net OPEB asset beginning in fiscal year 2024. (3) The Water Enterprise is required to maintain a debt service reserve fund for the SWRCB Installment Sale Agreement, increasing restricted balance Source: City of Antioch Annual Financial Report
234
2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Expenses
Governmental activities:
General government $8,932 $3,414 $5,162 $8,671 $11,172 $11,422 $12,118 $14,634 $13,754 $16,993 Public works 17,564 18,855 17,670 17,245 23,385 21,631 20,290 23,806 27,510 28,995 Public safety 31,563 40,084 42,697 42,990 46,109 45,617 44,974 44,682 59,129 68,661 Parks and recreation 4,264 5,295 5,298 8,039 7,988 6,473 9,027 6,382 8,235 7,655 Community development 2,942 4,273 6,422 4,776 5,443 5,282 5,974 5,235 5,506 5,812 Interest on long-term liabilities 262 198 198 167 133 107 96 116 148 108 Total governmental activities 65,527 72,119 77,447 81,888 94,230 90,532 92,479 94,855 114,282 128,224 Business-type activities
Water 22,334 24,458 28,642 30,389 33,480 36,827 36,272 37,844 43,703 45,620 Sewer 5,528 5,863 6,898 6,813 7,555 7,113 7,331 9,236 9,676 11,407 Marina 1,108 1,026 1,159 1,163 1,317 1,194 1,056 1,524 1,286 1,413 Prewett Water Park (2) 2,024 2,167 2,177 0 0 0 0 0 0 0
Total business-type activities 30,994 33,514 38,876 38,365 42,352 45,134 44,659 48,604 54,665 58,440 Total primary government expenses 96,521 105,633 116,323 120,253 136,582 135,666 137,138 143,459 168,947 186,664 Program Revenues
Governmental activities:
Charges for services:
General government 2,098 312 560 357 811 1,773 2,304 2,677 2,606 2,648 Public works 1,573 4,339 4,320 4,523 5,823 7,746 9,654 6,108 5,516 4,812 Public safety 1,482 1,312 783 803 827 813 1,239 2,578 885 593 Community development 2,812 2,065 2,903 3,620 2,667 4,418 6,577 5,372 4,338 4,238 Other activities 816 721 1,104 1,866 920 232 2,480 2,967 2,511 2,151 Operating grants and contributions 5,515 4,801 8,194 7,912 9,125 14,346 13,703 17,384 17,335 30,607 Capital grants and contributions 2,324 2,233 1,473 718 2,032 2,768 0 3,526 9,282 1,833 Total governmental activities program revenues 16,620 15,783 19,337 19,799 22,205 32,096 35,957 40,612 42,473 46,882 Business-type activities:
Fines, forfeitures and charges for services
Water 26,192 29,815 35,683 39,178 43,345 44,680 41,715 40,477 43,418 45,315 Sewer 5,395 5,755 6,032 6,334 6,585 6,599 7,109 7,226 7,287 8,242 Marina 471 516 600 620 642 600 597 602 574 520
Prewett Water Park (2) 730 846 891 0 0 0 0 0 0 0
Operating grants and contributions:
Water 0 0 0 0 0 0 0 7 22 0
Sewer 0 0 0 0 0 49 200 0 0 0
Marina 0 0 0 0 0 1 0 0 0 0
Capital grants and contributions:
Water 831 391 412 1,379 2,681 10,183 32,164 6,589 4,375 2,507 Sewer 1,387 293 160 595 1,926 3,858 1,340 2,539 5,076 842 Marina 185 0 1,232 0 365 0 0 0 0 0
Total business-type activities program revenues 35,191 37,616 45,010 48,106 55,544 65,970 83,125 57,440 60,752 57,426 Total primary government program revenues 51,811 53,399 64,347 67,905 77,749 98,066 119,082 98,052 103,225 104,308 Net (expense)/revenue
Governmental activities -48,907 -56,336 -58,110 -62,089 -72,025 -58,436 -56,522 -54,243 -71,809 -81,342 Business-type activities 4,197 4,102 6,134 9,741 13,192 20,836 38,466 8,836 6,087 -1,014 Total primary government net expense -44,710 -52,234 -51,976 -52,348 -58,833 -37,600 -18,056 -45,407 -65,722 -82,356
CITY OF ANTIOCH
Changes in Net Position
Last Ten Fiscal Years
(accrual basis of accounting)
(amounts expressed in thousands)
235
2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
General Revenues and Other Changes
In Net Position
Governmental activities:
Taxes:
Property taxes 16,796 18,631 19,452 20,609 21,754 22,958 24,158 26,388 27,998 29,248 Transient lodging tax 158 178 209 234 231 293 302 318 185 113 Franchise 4,616 4,767 5,226 5,495 5,928 6,350 7,229 8,042 7,820 6,962 Business license fees based on gross receipts 3,121 3,916 4,428 3,972 4,035 3,909 3,802 4,541 4,328 4,158 Property transfer taxes 461 443 521 609 493 703 912 626 534 555 Sales and use tax 19,925 20,000 20,155 25,387 (1) 31,785 38,228 39,438 39,487 38,800 38,177 Motor vehicle in lieu, unrestricted 45 51 60 54 90 83 130 118 143 359 Park in lieu 50 142 256 372 288 521 410 237 551 205
Investment income not restricted 582 1,421 854 1,737 2,802 1,132 13 3,437 (3) 7,085 (3) 8,253 Other 6,168 4,578 3,449 4,785 4,611 2,816 1,809 1,604 1,030 1,707 Special item - Contribution from Successor Agy 1,467 1,000 0 0 0 0 0 0 0 0 Transfers -317 -1,288 -55 9,041 -4,557 14 8 44 -199 827 Total government activities 53,072 53,839 54,555 72,295 67,460 77,007 78,211 84,842 88,275 90,564 Business-type activities:
Investment income not restricted 630 183 244 1,872 2,464 132 0 1,470 3,847 4,082 Other 102 346 31 335 109 415 161 154 162 177
Transfers 317 1,288 55 -9,041 4,557 -13 -8 -44 199 -827 Total business type activities 1,049 1,817 330 -6,834 7,130 534 153 1,580 4,208 3,432 Total primary government 54,121 55,656 54,885 65,461 74,590 77,541 78,364 86,422 92,483 93,996 Change in Net Position
Governmental activities 4,165 -2,497 -3,555 10,206 -4,565 18,571 21,689 30,599 16,466 9,222 Business-type activities 5,246 5,919 6,464 2,907 20,322 21,370 38,619 10,416 10,295 2,418 Total primary government $9,411 $3,422 $2,909 $13,113 $15,757 $39,941 $60,308 $41,015 $26,761 $11,640 (1) Increase in sales tax due Measure W sales tax effective April 1, 2019. Fiscal Year 2020 first full year implementation of this additional one-cent sales tax over the prior Measure C half-cent sales tax which expired March 31, 2019. (2) Prewett Water Park Enterprise was consolidated into the Recreation Special Revenue Fund (3) Increased interest rate environment on City investment portfolio resulting in higher earnings.
Source: City of Antioch Financial Report
Changes in Net Position
Last Ten Fiscal Years
(accrual basis of accounting)
(amounts expressed in thousands) - Continued
CITY OF ANTIOCH
236
2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
General Fund
Nonspendable 224 $ 220 $ 116 $ 149 $ 227 $ 108 $ 230 $ 163 $ 223 $ 991 $ Committed 4,946 3,546 20,854 20,057 25,014 1,547 1,438 1,537 1,289 1,089 Assigned 144 1,270 2,189 2,080 3,537 32,219 42,222 45,486 46,490 47,551 Unassigned 17,590 25,979 11,428 21,117 19,053 23,836 26,140 29,039 36,388 42,594 Total general fund $22,904 $31,015 $34,587 $43,403 $47,831 $57,710 $70,030 $76,225 $84,390 $92,225 All other governmental funds
Nonspendable 132 $ 149 $ 106 $ 116 $ 128 $ 120 $ 147 $ 168 $ 237 $ 75 $ Restricted 37,332 37,602 41,822 44,187 41,579 45,284 51,367 61,217 (1) 66,835 73,720 Committed 3,715 3,630 3,713 4,519 5,794 6,975 6,711 7,843 7,890 7,959 Assigned 2,925 3,259 1,062 3,981 744 3,711 3,741 6,212 9,827 8,953 Unassigned (184) - (116) (1) (260) (47) - (738) (1,450) (1,574) Total all other governmental funds $43,920 $44,640 $46,587 $52,802 $47,985 $56,043 $61,966 $74,702 $83,339 $89,133 (1) Restatement of fund balance for accounting error correction.
Source: City of Antioch Annual Financial Report
CITY OF ANTIOCH
Fund Balances of Governmental Funds
Last Ten Fiscal Years
(modified accrual basis of accounting)
(amounts expressed in thousands)
237
2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Revenues
Taxes $47,415 $49,569 $53,481 $60,669 $70,307 (1) $78,471 $82,441 $84,984 $87,650 $87,359 Licenses and permits 1,149 1,243 1,356 1,889 1,948 3,424 4,826 4,021 3,454 3,116 Fines and penalties 191 272 290 224 254 189 197 133 98 65 Investment income and rentals 1,762 1,404 1,121 2,616 2,601 1,323 193 3,365 6,738 7,741 Revenue from other agencies 4,690 3,345 5,603 6,892 2,939 6,643 3,120 4,981 8,356 20,765 (5) Current service charges 11,518 5,748 6,356 7,893 8,155 11,160 16,911 (3) 14,888 11,916 10,863 Special assessment revenue 2,994 2,978 3,100 2,948 3,127 3,342 3,774 4,421 4,824 5,118 Other 3,472 3,301 1,994 2,305 2,425 2,088 6,268 (4) 3,596 3,200 1,352 Total Revenues 73,191 67,860 73,301 85,436 91,756 106,640 117,730 120,389 126,236 136,379 Expenditures
Current:
General government 8,623 2,079 4,315 7,939 10,998 11,618 12,649 14,324 13,876 15,998 Public works 10,593 10,186 8,740 8,573 15,108 12,046 12,677 15,895 18,639 19,169 Public safety 34,989 36,947 38,727 38,006 43,612 47,168 49,399 53,694 55,954 65,137 Parks and recreation 3,711 4,001 3,905 6,141 6,080 5,587 7,056 5,646 6,732 6,742 Community development 3,778 4,314 6,234 4,537 5,475 5,882 6,549 5,373 5,118 5,657 Capital outlay 3,627 1,894 4,609 6,834 9,740 5,561 5,959 8,854 7,418 9,287 Debt service:
Principal retirement 560 622 655 694 734 256 220 1,045 1,891 1,878 Interest 311 248 222 192 161 135 123 119 185 127
Fiscal charges 4 5 4 4 1 1 1 2 4 4
Bond issuance costs 0 0 0 0 0 0 0 0 0 0
Total Expenditures 66,196 60,296 67,411 72,920 91,909 (2) 88,254 94,633 104,952 109,817 123,999 Excess (deficiency) of revenues over 6,995 7,564 5,890 12,516 -153 18,386 23,097 15,437 16,419 12,380 (under) expenditures
Other financing sources (uses)
Transfers in 6,312 8,088 7,591 11,816 11,204 11,330 11,089 14,134 15,669 20,943 Transfer out (6,841) (7,821) (7,963) (9,302) (11,439) (11,779) (11,577) (14,628) (16,149) (20,542) Proceeds of bonds/leases/subscriptions 0 0 0 0 0 0 0 4,227 624 847 Bond premium 0 0 0 0 0 0 0 0 0 0
Extraordinary item (1,000) 1,000 0 0 0 0 0 0 0 0
Total other financing sources (uses) (1,529) 1,267 (372) 2,514 (235) (449) (488) 3,733 144 1,248 Net change in fund balances $5,466 $8,831 $5,518 $15,030 -$388 $17,937 $22,609 $19,170 $16,563 $13,628 Debt service as a percentage of
non-capital expenditures 1.39% 1.49% 1.40% 1.34% 1.09% 0.47% 0.39% 1.21% 2.03% 1.75% (1) Increase in sales tax due Measure W sales tax effective April 1, 2019. Fiscal Year 2020 first full year implementation of this additional one-cent sales tax over the prior Measure C half-cent sales tax which expired March 31, 2019. (2) Increase in govermental expenditures due to spending of Measure W one-cent sales tax which was effective April 1, 2019. (3) Increase in Current service charges due to significant housing activity during the year (4) Increase in other revenues due to two years of a reimbursement recognized in FY22 for deferred inflows from FY21 (5) Increase in other revenues due to spending of American Rescue Plan funding Source: City of Antioch Annual Financial Report
CITY OF ANTIOCH
Changes in Fund Balances of Governmental Funds
Last Ten Fiscal Years
(modified accrual basis of accounting)
(amounts expressed in thousands)
238
Transient Business Property
Fiscal Property Sales Sales Tax Gas RMRA Lodging Franchise License Transfer Year Tax Tax (1) Measure C/W (2) Tax Tax (3) Tax Taxes Tax Tax Total 2016 16,796$ 12,573$ 6,821$ 2,246$ -$ 158$ 4,616$ 3,121$ 461$ 46,792$ 2017 18,631 12,263 6,535 2,188 - 178 4,767 3,915 443 48,920 2018 19,452 12,658 6,869 2,404 527 209 5,226 4,428 521 52,294 2019 20,609 15,718 9,669 2,322 2,040 233 5,495 3,972 609 60,667 2020 21,754 16,027 15,703 2,647 1,989 231 5,928 4,035 493 68,807 2021 22,958 18,625 19,604 2,525 2,068 293 6,350 3,909 703 77,035 2022 24,158 18,910 20,529 2,649 2,270 286 7,229 3,802 912 80,745 2023 26,388 19,193 20,301 2,911 2,547 316 8,042 4,541 626 84,865 2024 27,998 18,639 20,161 3,164 2,920 202 7,817 4,328 534 85,763 2025 29,248 18,179 19,994 3,200 3,143 105 6,962 4,158 555 85,544 (1) Sales tax is levied at 8.25% (8.5% prior to 1/1/17) on retail sales and/or consumption of personal property, 1% of the total tax rate is allocated to the City.
(2) Measure C is a half-cent sales tax on retail sales and/or consumption of personal property which became effective April 1, 2014.
Measure W is one-cent sales tax on retail sales and/or consumption and is in replacement of Measure C which became effective April 1, 2019.
(3) RMRA enacted by SB 1 passed by California legislature. 2018 is first year of collections.
Source: City of Antioch Annual Financial Report
(amounts expressed in thousands)
CITY OF ANTIOCH
Governmental Activities Tax Revenues By Source
Last Ten Fiscal Years
(modified accrual basis of accounting)
239
Less Less
Total Less Other Tax Total Taxable Redevelopment Value of Amount Fiscal Secured Unsecured Homeowners' Exempt Assessed Assessed Taxable Allocated Year Tax Roll Tax Roll Exemptions Property Value Valuation Property to City (a) 2016 $9,552,650 $200,649 -$100,989 -$728,610 $8,923,700 -$600,330 $8,323,370 10.05% 2017 10,137,210 204,440 -98,427 -754,156 9,489,067 -655,249 8,833,818 (a) 2018 10,752,279 191,460 -95,663 -779,398 10,068,678 -695,151 9,373,527 (a) 2019 11,395,945 198,938 -93,401 -812,614 10,688,868 -737,738 9,951,130 (a) 2020 12,028,516 222,531 -91,576 -859,137 11,300,334 -779,167 10,521,167 (a) 2021 12,719,330 232,959 -89,716 -882,197 11,980,376 -849,095 11,131,281 (a) 2022 13,329,275 234,019 -88,633 -932,696 12,541,965 -842,716 11,699,249 (a) 2023 14,574,962 246,871 -86,227 -1,026,948 13,708,658 -827,034 12,881,624 (a) 2024 15,641,884 276,074 -85,705 -1,075,280 14,756,973 -929,745 13,827,228 (a) 2025 16,442,032 278,972 -85,888 -1,136,287 15,498,829 -928,983 14,569,846 (a) NOTE: In 1978 the voters of the State of California passed Proposition 13 which limited property taxes to a value of property may be increased by an "inflation factor" (limited to a maximum increase of 2%). With few assessed value is reassessed at the purchase price of the property sold. (a) California cities do not set their own direct tax rate. The State Constitution establishes the rate at 1% and allocates a portion of that amount, by annual calculation, to all the taxing entities within a tax rate area. The City of Antioch includes 39 tax rate areas. The percentage presented is the City's share of the 1%. The County could not provide data for these fiscal years.
Source: Contra Costa County Certificate of Assessed Valuations total maximum rate of 1% based upon the assessed value of the property being taxed. Each year, the assessed exceptions, property is only reassessed at the time that it is sold to a new owner. At that point, the new
CITY OF ANTIOCH
Assessed Value and Estimated Actual Value of Taxable Property Last Ten Fiscal Years
(in thousands of dollars)
240
2024-2025 Local Secured Assessed Valuation - $16,440,457,396 Total Percentage of Total Percentage of
Secured Total Secured Secured Total Secured
Assessed Assessed Assessed Assessed
Taxpayer Value (A) Rank Value Value (A) Rank Value
Kaiser Foundation Hospitals/Health Plan-Sand Creek 488,124 1 2.969% 399,615 1 4.185% Sutter East Bay Hospital 149,379 2 0.909% 112,785 2 1.181% AMCAL Antioch Fund LP 112,682 3 0.685% - - Community Housing Agency - Twin Creeks 80,227 4 0.488% - - Community Housing Agency - Mira Vista Hills 73,605 5 0.448% - - Georgia-Pacific Gypsum LLC 48,879 6 0.297% 21,771 7 0.228% SIV Antioch LLC 41,633 7 0.253% - - Sequoia Equities - Cross Pointe 41,361 8 0.252% 34,274 3 0.359% Delta Pines Antioch LP 32,264 9 0.196% - - Costco Wholesale Corp 31,070 10 0.189% 19,174 8 0.201%
Camden Village LLC - 0.000% 24,702 5 0.259% Deer Creek Partnership - 0.000% 17,851 10 0.187% Runaway Bay LLC - 0.000% 27,900 4 0.292% Lakeshore Antioch - 0.000% 19,041 9 0.199% Kaiser Foundation Hospitals/Health Plan-Delta Fair - 0.000% 23,901 6 0.250% $1,099,224 6.686% $701,014 7.341%
(A) Amounts listed for top ten taxpayers only.
Source: County Assessor's Office via ParcelQuest
The amounts shown above include assessed value data for both the City and the Antioch Development Agency City of Antioch
Principal Property Taxpayers
FY 2024-25 Compared To FY 2015-16
(amounts expressed in thousands, except for Rank and Percentages) 2025 2016
241
Community Community Community
East Bay Antioch Antioch Antioch College College College Fiscal Basic County Regional Unified Unified Unified 2002 2006 2014 Year Wide Levy BART Park SFID 1 SFID 2012 SFID 2024 Bonds Bonds Bonds Total 2016 1.0000 0.0026 0.0067 0.0000 0.0000 0.0000 0.0034 0.0076 0.0110 1.0313 2017 1.0000 0.0080 0.0032 0.0000 0.0000 0.0000 0.0033 0.0074 0.0013 1.0232 2018 1.0000 0.0084 0.0021 0.0000 0.0000 0.0000 0.0032 0.0068 1.0219 2.0424 2019 1.0000 0.0070 0.0021 0.0000 0.0000 0.0000 0.0030 0.0065 0.0015 1.0201 2020 1.0000 0.0120 0.0094 0.0000 0.0000 0.0000 0.0030 0.0063 0.0095 1.0402 2021 1.0000 0.0139 0.0014 0.0000 0.0000 0.0000 0.0058 0.0011 0.0092 1.0314 2022 1.0000 0.0060 0.0020 0.0000 0.0000 0.0000 0.0039 0.0044 0.0093 1.0256 2023 1.0000 0.0140 0.0058 0.0000 0.0000 0.0000 0.0031 0.0043 0.0088 1.0360 2024 1.0000 0.0134 0.0057 0.0000 0.0000 0.0000 0.0027 0.0043 0.0076 1.0337 2025 1.0000 0.0148 0.0013 0.0434 0.0241 0.0202 0.0029 0.0037 0.0076 1.1180 Source: Contra Cost County Assessors Office
CITY OF ANTIOCH
PROPERTY TAX RATES
LAST TEN FISCAL YEARS
242
City Value of
Property Tax Total Tax Percentage Value of City Development Agency Total Value of Fiscal Levied and Levied and of Levy Property Subject Property Subject to Property Subject Year Collected Collected Collected (2) To Local Tax Rate Local Tax Rate To Local Tax Rate 2016 $12,140 $12,140 100% $8,323,370 $600,330 $8,923,700 2017 13,552 13,552 100% 8,833,818 655,249 9,489,067
2018 13,774 13,774 100% 9,373,527 695,151 10,068,678
2019 14,458 14,458 100% 9,951,130 737,738 10,688,868
2020 15,075 15,075 100% 10,521,168 779,167 11,300,335
2021 15,892 15,892 100% 11,131,281 849,095 11,980,376
2022 17,142 17,142 100% 11,699,249 842,716 12,541,965
2023 19,114 19,114 100% 12,881,624 827,034 13,708,658
2024 20,393 20,393 100% 13,827,229 929,745 14,756,974
2025 21,498 21,498 100% 14,569,845 928,983 15,498,828
(1) Figures include data for property within the city, redevelopment project areas and for assessments. alternate method of apportionment (the Teeter Plan). Under the Teeter Plan, all amounts levied are apportioned to the County and other taxing agencies regardless of whether they are collected in the current year or not.
Source: Contra Costa County Assessed Valuation Report and Tax Reconciliation Sheet (2) Taxes collected are the same as the amounts levied because Contra Costa County follows California's City of Antioch
Property Tax Levies and Collections (1)
Last Ten Fiscal Years
(in thousands of dollars)
243
Percentage
of Estimated
Lease Total Actual Value
Fiscal Revenue Leases Subscriptions Capital Leases Subscriptions Long-term Loans Marina Primary of Taxable Per Year Bonds Payable (3) Payable (4) Leases Payable (3) Payable (4) Payable Payable Loans Government Property (1) Capita (2) 2016 $4,214 $- $- $2,005 $- $- $3,780 $- $2,678 $12,677 0.15% $121 2017 4,005 - - 1,558 - - 3,528 197 2,537 11,825 0.13% 112 2018 3,790 - - 1,084 - - 3,276 682 2,392 11,224 0.12% 104 2019 3,566 - - 580 - - 3,024 550 2,291 10,011 0.10% 89
2020 3,332 - - 46 - - 2,772 655 2,188 8,993 0.09% 79
2021 3,088 - - - - - 3,239 5,143 2,105 13,575 0.12% 120 2022 2,833 - - - 432 - 2,934 9,200 2,018 17,417 0.15% 154 2023 2,564 2,104 1,962 - 378 81 2,628 43,135 1,927 54,779 0.43% 485 2024 2,290 977 1,845 - 323 - 2,319 60,000 1,833 69,587 0.50% 605 2025 2,001 12 1,814 - 264 723 2,007 60,000 1,734 68,555 0.47% 591 Note: Details regarding the City's outstanding debt can be found in the notes to the financial statements.
Source: City of Antioch Financial Report
(1) See the schedule of Assessed Value and Estimated Actual Value of Taxable Property (2) Population data can be found in the Demographic and Economic Statistics schedule (3) Lease payable recorded as a result of implementation of GASB 87 in fiscal year 2022 (4) Subscriptions payable recorded as a result of implementation of GASB 96 in fiscal year 2023 Governmental Activities
City of Antioch
Ratios of Outstanding Debt by Type
Last Ten Fiscal Years
(amounts expressed in thousands, except per capita amount) Business-Type Activities
244
The City of Antioch has not had any outstanding general obligation bond debt since 2001-02.
City of Antioch
Ratios of General Bonded Debt Outstanding
245
CITY OF ANTIOCH
Legal Debt Margin Information
Last Ten Fiscal Years
(amounts expressed in thousands)
2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Debt limit $1,462,995 $1,551,247 $1,641,561 $1,739,233 $1,837,657 $1,942,843 $2,034,494 $2,223,275 $2,387,694 $2,508,151 Total net debt applicable to limit - - - - - - - - - - Legal debt margin $1,362,072 $1,462,995 $1,551,247 $1,641,561 $1,739,233 $1,837,657 $1,942,843 $2,034,494 $2,223,275 $2,508,151 Total net debt applicable to the limit 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% as a percentage of debt limit
Legal Debt Margin Calculation for Fiscal Year 2025
The following numbers are not expressed in thousands:
Assessed value $15,498,828,486
Add back: exempt real property 1,222,175,173
Total assessed value 16,721,003,659
Debt limit (15% of total assessed value) 2,508,150,549
Debt applicable to limit:
General obligation bonds 0
Less: Amount set aside for repayment
of general obligation debt 0
Total net debt applicable to limit 0
Legal debt margin $2,508,150,549
Source: City of Antioch Finance Department and Contra Costa County Certificate of Assessed Valuations for fiscal year 2024-25 Note: Beginning in Fiscal Year 2000-01, the City of Antioch did not have any general obligation debt.
However, under State finance law, the City of Antioch's outstanding general obligation debt should not exceed 15% of total assessed property value.
By law, the general obligation debt subject to the limitation may be offset by amounts set aside for repaying general obligation bonds. 246
Gross Less:
Water Direct Net Revenue Debt
Fiscal Charges Operating Available for Service
Year And Other Expenses Debt Service Principal Interest Coverage 2016 $26,865 $20,048 $6,816 $- $- n/a
2017 30,220 22,072 8,148 - - n/a 2018 35,875 26,448 9,427 - - n/a 2019 40,690 28,181 12,509 - - n/a 2020 45,802 31,385 14,417 - - n/a 2021 45,259 34,554 10,705 - - n/a 2022 48,695 32,622 16,073 - - n/a 2023 41,769 35,409 6,360 - 80 79.50 2024 46,689 40,534 6,155 - 241 25.54 2025 48,784 42,169 6,615 - 711 9.30 (1) Details regarding the City of Antioch's outstanding debt can be found in the notes to the financial statements.
Water Charges and Other includes investment earnings but not tap fees.
Operating expenses do not include interest or depreciation.
Source: City of Antioch Financial Statements
Debt Service
City of Antioch
Pledged Revenue Coverage
Last Ten Fiscal Years
SWRCB Installment Sale Agreement (1) (in thousands)
247
2024-25 Assessed Valuation $15,498,828,486
Antioch Development Agency Incremental Valuation: 928,982,565 Adjusted Assessed Valuation: $14,569,845,921
Total Debt Percent City's Share of
JURISDICTION 6/30/2025 Applicable (1) Debt 6/30/2025
OVERLAPPING TAX AND ASSESSMENT DEBT:
Bay Area Rapid Transit District $2,391,260,000 1.487% $35,558,036 Contra Costa Community College District 591,875,000 5.595% 33,115,406 Antioch Unified School District 75,000,000 87.599% 65,699,250 Antioch Unified School District Schools Facilities Improvement District No. 1 90,745,983 82.370% 74,747,466 Liberty Union High School District 126,885,000 3.559% 4,515,837 Brentwood Union School District 106,362,775 6.427% 6,835,936 East Bay Regional Park District 145,930,000 2.320% 3,385,576 Calfornia Statewide Community Development Authority
Community Facilities District No. 2020-01 I.A. No. 1 9,100,000 100.000% 9,100,000 Calfornia Statewide Community Development Authority
Community Facilities District No. 2021-03 6,190,000 100.000% 6,190,000 Calfornia Statewide Community Development Authority Assessment District 18-5 988,000 100.000% 988,000 Calfornia Statewide Community Development Authority Assessment District 19-1 1,833,000 100.000% 1,833,000 Calfornia Statewide Community Development Authority Assessment District 23-1 2,265,000 100.000% 2,265,000 Total Overlapping Tax and Assessment Debt $244,233,507
OVERLAPPING TAX INCREMENT DEBT (Successor Agency): $13,036,069 100.000% $13,036,069 DIRECT AND OVERLAPPING GENERAL FUND OBLIGATION DEBT:
Contra Costa County General Fund Obligations $150,845,000 5.578% $8,414,134 Antioch Unified School District General Fund Obligations 16,456,273 87.599% 14,415,531 Contra Costa Mosquito District General Fund Obligations 8,050,000 5.578% 449,029 City of Antioch SBITA and Lease Liability Obligations 2,813,522 100.000% 2,813,522 City of Antioch General Fund Obligations 2,000,604 100.000% 2,000,604 GROSS DIRECT AND OVERLAPPING GENERAL FUND DEBT $28,092,820 Less: Contra Costa County Obligations supported from revenue funds 1,931,931 NET DIRECT AND OVERLAPPING GENERAL FUND DEBT $26,160,889 TOTAL DIRECT DEBT $4,814,126 (2)
TOTAL GROSS OVERLAPPING DEBT $280,548,270
TOTAL NET OVERLAPPING DEBT $278,616,339
GROSS COMBINED TOTAL DEBT $285,362,396 (2)
NET COMBINED TOTAL DEBT $283,430,465
NOTES:
(1) For debt repaid with property taxes, the percentage of overlapping debt applicable is estimated using taxable assessed property values. Applicable percentages were estimated by determining the portion of another governmental unit's taxable assessed value that is within the City's boundaries and dividing it by each unit's taxable assessed value.
Overlapping governments are those that coincide, at least in part, with the geographic boundaries of the City. This schedule estimates the portion of the outstanding debt of those overlapping governments that is borne by the residents and businesses of the City. This process recognizes that, when considering the City's ability to issue and repay long-term debt, the entire debt burden borne by the residents and businesses should be taken into account. However, this does not imply that every taxpayer is a resident, and therefore responsible for repaying the debt, of each overlapping government.
(2) Excludes tax and revenue anticipation notes, enterprise revenue, mortgage revenue, non-bonded capital lease and City pension and OPEB obligations
Ratios to Adjusted Assessed Valuation:
Total Overlapping Tax and Assessment Debt: 1.68%
Combined Direct Debt ($4,814,126): 0.03%
Gross Combined Total Debt: 1.96%
Net Combined Total Debt: 1.95%
Ratios to Redevelopment Successor Agency Incremental Valuation:
Total Overlapping Tax Increment Debt: 1.40%
Source: California Municipal Statistics, Inc.
CITY OF ANTIOCH
Direct and Overlapping Debt
June 30, 2025
248
Personal Per
City of Contra Costa Income Capita
Antioch County (in thousands 2011-15) Personal Unemployment Fiscal Year Population(1) Population (1) (in millions 2016-2021) (2) Income (2) Rate (3) 2016 112,968 1,123,429 82,427$ 72,483$ 6.80% 2017 114,241 1,139,513 88,024 76,886 6.80%
2018 113,061 1,149,363 94,900 82,506 4.50%
2019 112,423 1,150,537 97,550 84,614 4.00%
2020 112,520 1,153,477 106,319 92,264 17.10%
2021 112,848 1,153,854 115,343 99,312 9.60%
2022 115,074 1,156,555 109,966 95,047 4.60%
2023 115,442 1,147,653 119,219 103,218 5.30%
2024 115,632 1,146,626 * * 6.00%
2025 116,781 1,158,225 * * 6.00%
*No Data Available
Data Sources:
(1) State Department of Finance
(3) State of California Employee Development Dept., Labor Market Info, Data Library City of Antioch
Demographic and Economic Statistics
Last Ten Fiscal Years
(2) U.S. Department of Commerce, Bureau of Economic Analysis (data shown is for Contra Costa County) - Last updated: 11/16/23
249
Approx.Number Percentage Number Percentage
of Of Total City of Of Total City
Employer Employees1
Employment Employees Employment
Kaiser Permanente 1,345 2.29% 2,014 3.99%
Antioch Unified School District 2,000 3.40% 1,717 3.40% Sutter Delta Medical Center 2 972 1.65% 1,200 2.38%
Contra Costa County Social Services 220 0.37% 525 1.04% Wal-Mart3
225 0.38% 277 0.55%
Target 220 0.37% 290 0.57%
Costco 2
292 0.50% 285 0.56%
City of Antioch 343 0.58% 250 0.50%
Antioch Auto Center 173 0.29% 240 0.48%
Safeway 130 0.22% 126 0.25%
1 Source: City of Antioch Economic Development and Business License Departments 2 Includes contract employees
3 Includes part time employees
2025 2015
City of Antioch
Principal Employers
Current Year and Nine Years Ago
250
Function 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Police
Physical arrests 4,954 4,730 4,336 3,814 3,389 3,022 2,386 1,305 1,069 1,587 Parking violations 2,551 2,530 4,642 4,354 2,857 1,074 929 179 179 607 Traffic violations 4,261 5,619 5,157 4,272 6,074 6,229 4,659 1,867 342 969 Sworn Officers (2) 102 102 103 104 115 115 115 115 115 115 Reserve Personnel 3 3 1 1 1 0 0 0 0 0
Support Personnel (2) 32 32 32 33 39 41 41 41 44 47
Highways and streets
Street resurfacing, sq ft 164,993 750,707 104,355 10,500 261,360 916,830 0 607,593 59,214 95,970 Culture and recreation
Athletic sports complex admissions (4) (4) (4) (4) (4) (4) (4) (4) (4) (4) Water Park Guests/Program Participants 71,241 42,341 44,502 28,876 27,053 12,046 (6) 47,231 55,285 62,480 46,943 Recreation Classes/Program Participants 6,000 6,905 5,850 5,904 5,110 873 (6) 6,888 6,948 7,412 6,234 Senior Center meals served (1) (1) (1) (1) 17,374 21,216 14,524 15,926 19,645 25,592 Worth Shaw Sports Complex
Number of Tournaments 40 44 23 36 21 0 (6) 15 14 158 11 Number of Participants in City Programs 1,500 1,800 2,500 3,650 3,993 715 (6) 575 1,305 1,165 1,447 Number of Turf Field Rentals 459 503 728 784 463 (3) 89 (6) 942 1,081 1,172 1,143 Community center admissions/Facility Rentals
Nick Rodriguez Community Center (5) 365 345 450 430 350 6 (6) 62 339 380 311 Antioch Community Center (5) 806 695 820 751 617 188 (6) 1,215 851 931 963 Prewett Community Center (5) 129 85 70 51 73 16 (6) 89 91 81 101 Water
New connections 97 74 72 102 266 429 2,361 2,750 (7) (7) Water main breaks 33 46 21 29 20 37 32 38 31 26
Average daily consumption
(thousands of gallons) 11,010 12,567 12,728 12,944 15,660 13,880 14,734 12,402 14,326 16,323 Sewer**
New connections 67 43 41 67 215 353 2,325 2,712 (7) (7) (1) Recreation reporting of this information started in 2020. (2) Represents total funded positions.
(3) All rentals were canceled mid-March 2020 due to COVID-19 resulting in drop in turf rental from prior year. (4) Recreation Dept has changed information reporting beginning in 2016. (5) In 2016, Recreation began reporting number of facility rentals verses number of visitors as in prior years **The City does not process daily sewage - it maintains the sewer line that connects to the main sewer. Delta Diablo Sanitation District is responsible for sewage treatment. (6) participation numbers significantly lower in 2021 due to limited operations during COVID 19 pandemic (7) Data unavailable for FY24 & FY25
Source: Various City Departments
City of Antioch
Operating Indicators by Function
Last Ten Fiscal Years
251
FUNCTION 2016 2 2017 2 2018 2 2019 2 2020 2 2021 2 2022 2 2023 2 2024 2 2025 2 General government 31 34 36 36 39 43 52 53 54 60
Public safety 1
Sworn Police Officers 102 102 103 104 115 115 115 115 115 115 Community Service Officers 8 8 8 8 11 11 11 11 11 13
Administrative Staff 28 29 31 32 39 41 41 41 45 46
Public Safety & Community
Resources 0 0 0 0 0 0 13 13 14 14
Public works 36 36 37 38 42 45 53 53 53 53
Community Development 16 16 18 19 28 28 32 32 32 29
Recreation 10 10 10 10 11 12 12 12 12 12
Water 48 48 48 48 49 49 49 49 53 58
Wastewater 25 25 25 25 25 25 24 24 24 23
Total employees 304 308 316 320 359 369 402 403 413 423 Protection District
2 Data is only funded positions for fiscal year
Source: City of Antioch budgets
1 Fire services are provided by Contra Costa Fire
CITY OF ANTIOCH
FULL TIME CITY EMPLOYEES
BY FUNCTION
Last Ten Fiscal Years
252
Function 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Public safety
Police:
Stations 1 1 1 1 1 1 1 1 1 1
Patrol Units 44 44 44 44 41 41 41 30 34 37
Fire Stations* 4 4 4 4 4 4 4 4 4 4
Highways and streets
Streets (miles) 853.947 996.13 996.13 996.13 996.14 996.15 996.15 996.17 996.19 997.74 Streetlights 8,758 8,771 8,784 8,784 8,820 8,936 8,936 9,027 9,319 9,393 Traffic Signals, City Owned 107 107 108 123 127 128 129 135 135 138 Culture and recreation
Parks acreage 237 237 237 237 327 324 324 348 348 348
Parks 33 33 33 33 32 32 32 34 34 34
Swimming pools 7 7 7 7 7 7 7 7 7 7
Community centers 4 4 4 4 4 4 4 4 4 4
Water
Water lines (miles) 346.58 346.65 346.65 347.45 348.99 352.04 352.04 355.06 360.60 362.14 Number of water meters 30,926 32,072 32,130 32,505 32,576 32,576 32,576 34,008 34,319 34,613 Maximum daily treatment capacity 36.00 36.00 36.00 36.00 36.00 36.00 36.00 36.00 36.00 36.00 (millions of gallons)
Fire hydrants 3,594 3,602 3,635 3,635 3,662 3,677 3,786 3,893 3,893 3,898 Sewer**
Sanitary sewer lines (miles) 302.17 302.17 302.17 302.30 303.48 305.91 305.91 308.65 313.15 314.33 Number of sewer connections 30,660 30,661 30,715 30,873 31,050 38,282 31,836 32,281 32,807 32,698 Storm drains (miles) 223.25 223.27 223.27 223.28 224.54 226.87 226.87 229.65 234.81 235.67 *The City of Antioch's fire protection is provided by the Contra Costa Fire Protection District
**The City does not process daily sewage - it maintains the sewer line that connects to the main sewer. Delta Diablo is responsible for sewage treatment.
Sources: Various City departments.
City of Antioch
Capital Asset Statistics by Function
Last Ten Fiscal Years
253
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254
INDEPENDENT AUDITOR’S REPORT ON INTERNAL CONTROL OVER FINANCIAL REPORTING
AND ON COMPLIANCE AND OTHER MATTERS BASED ON AN AUDIT OF FINANCIAL
STATEMENTS PERFORMED IN ACCORDANCE WITH
GOVERNMENT AUDITING STANDARDS
To the Honorable Mayor and Members of the City Council
of the City of Antioch
Antioch, California
We have audited, in accordance with the auditing standards generally accepted in the United States of America and the standards applicable to financial audits contained in Government Auditing Standards issued by the Comptroller General of the United States, the financial statements of the governmental activities, the business-type activities, each major fund, and the aggregate remaining fund information of the City of Antioch, California (City), as of and for the year ended June 30, 2025, and the related notes to the financial statements, which collectively comprise the City’s basic financial statements, and have issued our report thereon dated December 11, 2025.
Report on Internal Control Over Financial Reporting
In planning and performing our audit of the financial statements, we considered the City’s internal control over financial reporting (internal control) as a basis for designing audit procedures that are appropriate in the circumstances for the purpose of expressing our opinions on the financial statements, but not for the purpose of expressing an opinion on the effectiveness of the City’s internal control. Accordingly, we do not express an opinion on the effectiveness of the City’s internal control.
A deficiency in internal control exists when the design or operation of a control does not allow management or employees, in the normal course of performing their assigned functions, to prevent, or detect and correct misstatements on a timely basis. A material weakness is a deficiency, or a combination of deficiencies, in internal control such that there is a reasonable possibility that a material misstatement of the entity’s financial statements will not be prevented, or detected and corrected on a timely basis. A significant deficiency is a deficiency, or a combination of deficiencies, in internal control that is less severe than a material weakness, yet important enough to merit attention by those charged with governance.
Our consideration of internal control was for the limited purpose described in the first paragraph of this section and was not designed to identify all deficiencies in internal control that might be material weaknesses or significant deficiencies. Given these limitations, during our audit we did not identify any deficiencies in internal control that we consider to be material weaknesses. However, material weaknesses or significant deficiencies may exist that were not identified.
255
To the Honorable Mayor and Members of the City Council
of the City of Antioch
Antioch, California
Report on Compliance and Other Matters
As part of obtaining reasonable assurance about whether the City’s financial statements are free from material misstatement, we performed tests of its compliance with certain provisions of laws, regulations, contracts, and grant agreements, noncompliance with which could have a direct and material effect on the financial statements. However, providing an opinion on compliance with those provisions was not an objective of our audit, and accordingly, we do not express such an opinion. The results of our tests disclosed no instances of noncompliance or other matters that are required to be reported under Government Auditing Standards.
Purpose of this Report
The purpose of this report is solely to describe the scope of our testing of internal control and compliance and the results of that testing, and not to provide an opinion on the effectiveness of the entity’s internal control or on compliance. This report is an integral part of an audit performed in accordance with Government Auditing Standards in considering the entity’s internal control and compliance. Accordingly, this communication is not suitable for any other purpose.
Badawi & Associates, CPAs
Emeryville, California
December 11, 2025
256
INDEPENDENT AUDITORS’ REPORT ON COMPLIANCE FOR EACH MAJOR PROGRAM
AND ON INTERNAL CONTROL OVER COMPLIANCE REQUIRED BY THE UNIFORM GUIDANCE To the Honorable Mayor and Members of the City Council
of the City of Antioch
Antioch, California
Report on Compliance for Each Major Federal Program
Opinion on Each Major Federal Program
We have audited the City of Antioch, California (City)’s compliance with the types of compliance requirements identified as subject to audit in the OMB Compliance Supplement that could have a direct and material effect on each of the City’s major federal programs for the year ended June 30, 2025. The City’s major federal programs are identified in the summary of auditor’s results section of the accompanying schedule of findings and questioned costs.
In our opinion, the City complied, in all material respects, with the types of compliance requirements referred to above that could have a direct and material effect on each of its major federal programs for the year ended June 30, 2025.
Basis for Opinion on Each Major Federal Program
We conducted our audit of compliance in accordance with auditing standards generally accepted in the United States of America; the standards applicable to financial audits contained in Government Auditing Standards, issued by the Comptroller General of the United States; and the audit requirements of Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance).j Our responsibilities under those standards and the Uniform Guidance are further described in the Auditor’s Responsibilities for the Audit of Compliance section of our report.
We are required to be independent of the City and to meet our other ethical responsibilities, in accordance with relevant ethical requirements relating to our audit. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion on compliance for each major federal program. Our audit does not provide a legal determination of the City’s compliance with the compliance requirements referred to above.
Responsibilities of Management for Compliance
Management is responsible for compliance with the requirements referred to above and for the design, implementation, and maintenance of effective internal control over compliance with the requirements of laws, statutes, regulations, rules, and provisions of contracts or grant agreements applicable to the City’s federal programs.
257
To the Honorable Mayor and Members of the City Council
of the City of Antioch
Antioch, California
Auditor’s Responsibilities for the Audit of Compliance
Our objectives are to obtain reasonable assurance about whether material noncompliance with the compliance requirements referred to above occurred, whether due to fraud or error, and express an opinion on the City’s compliance based on our audit. Reasonable assurance is a high level of assurance but is not absolute assurance and therefore is not a guarantee that an audit conducted in accordance with generally accepted auditing standards, Government Auditing Standards, and the Uniform Guidance will always detect material noncompliance when it exists. The risk of not detecting material noncompliance resulting from fraud is higher than for that resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control. Noncompliance with the compliance requirements referred to above is considered material if there is a substantial likelihood that, individually or in the aggregate, it would influence the judgment made by a reasonable user of the report on compliance about the City’s compliance with the requirements of each major federal program as a whole.
In performing an audit in accordance with generally accepted auditing standards, Government Auditing Standards, and the Uniform Guidance, we:
• Exercise professional judgment and maintain professional skepticism throughout the audit. • Identify and assess the risks of material noncompliance, whether due to fraud or error, and design and perform audit procedures responsive to those risks. Such procedures include examining, on a test basis, evidence regarding the City’s compliance with the compliance requirements referred to above and performing such other procedures as we considered necessary in the circumstances. • Obtain an understanding of the City’s internal control over compliance relevant to the audit in order to design audit procedures that are appropriate in the circumstances and to test and report on internal control over compliance in accordance with the Uniform Guidance, but not for the purpose of expressing an opinion on the effectiveness of the City’s internal control over compliance.
Accordingly, no such opinion is expressed.
We are required to communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and any significant deficiencies and material weaknesses in internal control over compliance that we identified during the audit.
Report on Internal Control Over Compliance
A deficiency in internal control over compliance exists when the design or operation of a control over compliance does not allow management or employees, in the normal course of performing their assigned functions, to prevent, or detect and correct, noncompliance with a type of compliance requirement of a federal program on a timely basis. A material weakness in internal control over compliance is a deficiency, or combination of deficiencies, in internal control over compliance, such that there is a reasonable possibility that material noncompliance with a type of compliance requirement of a federal program will not be prevented, or detected and corrected, on a timely basis. A significant deficiency in internal control over compliance is a deficiency, or a combination of deficiencies, in internal control over compliance with a type of compliance requirement of a federal program that is less severe than a material weakness in internal control over compliance, yet important enough to merit attention by those charged with governance. 258
To the Honorable Mayor and Members of the City Council
of the City of Antioch
Antioch, California
Our consideration of internal control over compliance was for the limited purpose described in the Auditor’s Responsibilities for the Audit of Compliance section above and was not designed to identify all deficiencies in internal control over compliance that might be material weaknesses or significant deficiencies in internal control over compliance. Given these limitations, during our audit we did not identify any deficiencies in internal control over compliance that we consider to be material weaknesses, as defined above. However, material weaknesses or significant deficiencies in internal control over compliance may exist that have not been identified.
Our audit was not designed for the purpose of expressing an opinion on the effectiveness of internal control over compliance. Accordingly, no such opinion is expressed.
The purpose of this report on internal control over compliance is solely to describe the scope of our testing of internal control over compliance and the results of that testing based on the requirements of the Uniform Guidance. Accordingly, this report is not suitable for any other purpose.
Badawi & Associates, CPAs
Emeryville, California
December 11, 2025
259
City of Antioch
Schedule of Expenditures of Federal Awards
For the year ended June 30, 2025
Program Name
Assistanc
e Listing
Number
Grantor/Pass-Through Entity
Grant Number
Program
Expenditure
s
Subrecipient
Payments
Federal Awards
U.S. Department of Housing and Urban Development:
Direct Programs
CDBG-Entitlement Cluster
CDBG Entitlement Grant/ Entitlement Grants 14.218 B-22-MC06-0045 182,104$ 126,487$ CDBG Entitlement Grant/ Entitlement Grants 14.218 B-24-MC06-0045 229,252 120,904 COVID-19 CDBG Entitlement Grant/ Entitlement Grants 14.218 B-20-MW06-0045 130,876 - Subtotal Community Development Block Grant Cluster 542,232 247,391 Total U.S. Department of Housing and Urban Development 542,232 247,391 U.S. Department of Justice:
Direct Programs
COPS Technology and Equipment Program 16.710 15JCOPS-24-GG-02087-TECP 735,000 - Passed through the Contra Costa County, Office of Sheriff Edward Byrne Justice Assistance Grant Program 16.738 BJA-2022-171368 38,731 - Total U.S. Department of Justice 773,731 -
U.S. Department of Transportation:
Passed through the State of California Department of Transportation Highway Planning and Construction 20.205 CML-5038(025) 885 - Highway Planning and Construction 20.205 HSIP-5038(028) 415 - Subtotal ALN 20.205 1,300 -
Passed through the State of California Office of Traffic Safety Highway Safety Cluster
State and Community Highway Safety 20.600 PT24005 15,232 - State and Community Highway Safety 20.600 PT25131 34,501 - Subtotal Highway Safety Cluster 49,733 -
Minimum Penalties for Repeat Offenders for Driving
While Intoxicated 20.608 PT24005 24,710 -
Minimum Penalties for Repeat Offenders for Driving
While Intoxicated 20.608 PT25131 10,546 -
Subtotal ALN 20.608 35,256 -
Total U.S. Department of Transportation 86,289 - U.S. Department of the Treasury:
COVID-19 - Coronavirus State and Local
Fiscal Recovery Funds 21.027 11,220,004 -
Total U.S. Department of the Treasury 11,220,004 -
U.S. Department of Homeland Security:
Passed through the California Office of Emergency Services Disaster Grants - Public Assistance (Presidentially
Declared Disasters) 97.036 FEMA-4683-DR-CA 52,390
Total U.S. Department of Homeland Security 52,390 - Total Federal Expenditures 12,674,646$ 247,391$
260
City of Antioch
Notes to the Schedule of Expenditures of Federal Awards For the year ended June 30, 2025
A. Basis of Accounting
Funds received under the various grant programs have been recorded within the general fund, special revenue funds and enterprise funds of the City. The City utilizes the modified accrual method of accounting for the general fund and special revenue funds and full accrual basis of accounting for the enterprise funds. The accompanying Schedule of Expenditures of Federal Awards (Schedule) is presented in accordance with the requirements of U.S. code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Therefore, some amounts presented in the Schedule may differ from amounts presented in, or used in, the preparation of City’s basic financial statements.
B. Indirect Costs
The City did not elect to use the 10% de minimis indirect cost rate. 261
City of Antioch
Schedule of Findings and Questioned Costs
For the year ended June 30, 2025
SECTION I – SUMMARY OF AUDITORS’ RESULTS
Financial Statements
Types of auditors’ report issued: Unmodified
Internal control over financial reporting:
Material weakness identified? No
Significant deficiency identified? None noted
Any noncompliance material to the financial statements noted? No Federal Awards
Internal control over major programs:
Material weakness identified? No
Significant deficiencies identified? None noted
Type of auditor’s report issued on compliance for major programs Unmodified Any audit findings disclosed that are required to be reported in accordance with Section 200.516 (a) of the Uniform Guidance? No Identification of major programs:
Assistance Listing
Number(s) Name of Federal Cluster or Program Expenditures
21.027 Coronavirus State and Local Fiscal Recovery Funds 11,220,004$ Total Expenditures of all Major Programs 11,220,004$
Total Expenditures of Federal Award 12,674,646$
Percentage of Total Expenditure of Federal Award 89%
Dollar threshold used to distinguish between type A and type B program $750,000 Auditee qualified as low-risk auditee under
Section 200.520? Yes 262
City of Antioch
Schedule of Findings and Questioned Costs
For the year ended June 30, 2025
SECTION II – CURRENT YEAR FINDINGS
A. Current Year Findings- Financial Statement Audit
No current year financial statement audit finding.
B. Current Year Findings and Questioned Costs- Major Federal Award Program Audit No current year federal award program finding.
SECTION III – PRIOR YEAR FINDINGS
A. Prior Year Findings- Financial Statement Audit
No prior year financial statement audit finding.
B. Prior Year Findings and Questioned Costs- Major Federal Award Program Audit No prior year federal award program finding.
263
City of
Antioch
Antioch, California
Auditor’s Communication with
Those Charged with Governance
For the year ended June 30, 2025
December 11, 2025
To the Honorable Mayor and Members
of the City Council of the City of Antioch
Antioch, California
We have audited the financial statements of the City of Antioch (City) as of and for the year ended June 30, 2025, and have issued our report thereon dated December 11, 2025. Professional standards require that we advise you of the following matters relating to our audit.
Our Responsibility in Relation to the Financial Statement Audit and the Single Audit As communicated in our engagement letter dated June 3, 2025, our responsibility, as described by professional standards, is to form and express opinions about whether the financial statements that have been prepared by management with your oversight are presented fairly, in all material respects, in accordance with accounting principles generally accepted in the United States of America. Our audit of the financial statements does not relieve you or management of your respective responsibilities.
Our responsibility, as prescribed by professional standards, is to plan and perform our audit to obtain reasonable, rather than absolute, assurance about whether the financial statements are free of material misstatement. An audit of financial statements includes consideration of internal control over financial reporting as a basis for designing audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the entity’s internal control over financial reporting. Accordingly, as part of our audit, we considered the internal control of the City solely for the purpose of determining our audit procedures and not to provide any assurance concerning such internal control.
We also considered internal control over compliance with requirements that could have a direct and material effect on a major federal program in order to determine our auditing procedures for the purpose of expressing our opinion on compliance and to test and report on internal control over compliance in accordance with the Uniform Guidance.
We are also responsible for communicating significant matters related to the audit that are, in our professional judgment, relevant to your responsibilities in overseeing the financial reporting process.
However, we are not required to design procedures for the purpose of identifying other matters to communicate to you.
To the Honorable Mayor and Members
of the City Council of the City of Antioch
Antioch, California
Planned Scope and Timing of the Audit
We conducted our audit consistent with the planned scope and timing we previously communicated to you.
Compliance with All Ethics Requirements Regarding Independence The engagement team, others in our firm, as appropriate, and our firm have complied with all relevant ethical requirements regarding independence.
Significant Risks Identified
We have identified the following significant risks:
Risk of Management Override of Internal Controls – A risk of management override of internal controls exists at any entity where management can change or decide not to perform that entity’s internal controls.
Revenue Recognition Risk – Errors in revenue recognition can affect the net position of the City.
Qualitative Aspects of the Entity’s Significant Accounting Practices Significant Accounting Policies
Management has the responsibility to select and use appropriate accounting policies. A summary of the significant accounting policies adopted by the City is included in Note 1 to the financial statements.
There have been no initial selection of accounting policies and no changes in significant accounting policies or their application during the year ended June 30, 2025. No matters have come to our attention that would require us, under professional standards, to inform you about (1) the methods used to account for significant unusual transactions and (2) the effect of significant accounting policies in controversial or emerging areas for which there is a lack of authoritative guidance or consensus.
Significant Accounting Estimates
Accounting estimates are an integral part of the financial statements prepared by management and are based on management’s current judgments. Those judgments are normally based on knowledge and experience about past and current events and assumptions about future events. Certain accounting estimates are particularly sensitive because of their significance to the financial statements and because of the possibility that future events affecting them may differ markedly from management’s current judgments.
The most sensitive accounting estimates affecting the financial statements are investment valuations, claims payable liabilities, capital asset depreciation and useful life, and pension plan and other post- employment benefits (OPEB) plan assumptions.
Management’s estimate of investment valuations claims payable liabilities, capital assets depreciation and useful life, and pension and OPEB plan assumptions are based on investment reports from advisors and pools, pre-determined percentages for each account receivable aging category, historical To the Honorable Mayor and Members
of the City Council of the City of Antioch
Antioch, California
useful lives of capital assets, and actuarial assumptions, respectively. We evaluated the key factors and assumptions used to develop the estimate of investment valuations, allowance for uncollectible accounts, capital assets depreciation and useful life, and pension and OPEB plan assumptions and determined that they are reasonable in relation to the basic financial statements taken as a whole and in relation to the applicable opinion units.
Financial Statement Disclosures
Certain financial statement disclosures involve significant judgment and are particularly sensitive because of their significance to financial statement users. The most sensitive disclosures affecting the City’s financial statements relate to:
Summary of Significant Accounting Policies
Cash and Investments
Long-term Debt
Capital Assets
Net Position/Fund Balances
Employee Retirement Plans
Other Post-Employment Benefits (OPEB) Plan
Commitments and Contingencies
Significant Difficulties Encountered during the Audit
We encountered no significant difficulties in dealing with management relating to the performance of the audit.
Uncorrected and Corrected Misstatements
For purposes of this communication, professional standards also require us to accumulate all known and likely misstatements identified during the audit, other than those that we believe are trivial, and communicate them to the appropriate level of management. Further, professional standards require us to also communicate the effect of uncorrected misstatements related to prior periods on the relevant classes of transactions, account balances or disclosures, and the financial statements as a whole and each applicable opinion unit. Management has corrected all identified misstatements. Uncorrected misstatements or matters underlying those uncorrected misstatements could potentially cause future- period financial statements to be materially misstated, even though the uncorrected misstatements are immaterial to the financial statements currently under audit. Management has corrected all identified misstatements.
In addition, professional standards require us to communicate to you all material, corrected misstatements that were brought to the attention of management as a result of our audit procedures.
None of the misstatements identified by us as a result of our audit procedures and corrected by management were material, either individually or in the aggregate, to the financial statements taken as a whole or applicable opinion units.
To the Honorable Mayor and Members
of the City Council of the City of Antioch
Antioch, California
Disagreements with Management
For purposes of this letter, professional standards define a disagreement with management as a matter, whether or not resolved to our satisfaction, concerning a financial accounting, reporting, or auditing matter, which could be significant to the City’s financial statements or the auditor’s report. No such disagreements arose during the course of the audit.
Representations Requested from Management
We have requested certain written representations from management, which are included in the attached letter dated December 11, 2025.
Management’s Consultations with Other Accountants
In some cases, management may decide to consult with other accountants about auditing and accounting matters. Management informed us that, and to our knowledge, there were no consultations with other accountants regarding auditing and accounting matters.
Other Significant Matters, Findings, or Issues
In the normal course of our professional association with the City, we generally discuss a variety of matters, including the application of accounting principles and auditing standards, significant events or transactions that occurred during the year, operating and regulatory conditions affecting the entity, and operational plans and strategies that may affect the risks of material misstatement. None of the matters discussed resulted in a condition to our retention as the City’s auditors.
Single Audit Compliance
In accordance with the Uniform Guidance, we examined, on a test basis, evidence about the City’s compliance with the types of compliance requirements described in the U.S. Office of Management and Budget (OMB) Compliance Supplement applicable to each of its major federal programs for the purpose of expressing an opinion on the City’s compliance with those requirements. While our audit provides a reasonable basis for our opinion, it does not provide a legal determination on the City’s compliance with those requirements.
Required Supplementary Information
We applied certain limited procedures to the required supplementary information (RSI) that supplements the basic financial statements. Our procedures consisted of inquiries of management regarding the methods of preparing the information and comparing the information for consistency with management’s responses to our inquiries, the basic financial statements, and other knowledge we obtained during our audit of the basic financial statements. We did not audit the RSI and do not express an opinion or provide any assurance on the RSI.
To the Honorable Mayor and Members
of the City Council of the City of Antioch
Antioch, California
Supplementary Information
We were engaged to report on combining and individual nonmajor fund financial statements, budget comparison information for non-major governmental funds, and schedule of expenditures of federal awards, which accompany the financial statements but are not RSI. With respect to this supplementary information, we made certain inquiries of management and evaluated the form, content, and methods of preparing the information to determine that the information complies with accounting principles generally accepted in the United States of America, the method of preparing it has not changed from the prior period, and the information is appropriate and complete in relation to our audit of the financial statements. We compared and reconciled the supplementary information to the underlying accounting records used to prepare the financial statements or to the financial statements themselves.
Other Information Included in Annual Comprehensive Financial Report Pursuant to professional standards, our responsibility as auditors for the introductory and statistical sections, whether financial or nonfinancial, included in the City’s annual comprehensive financial report, does not extend beyond the information identified in the audit report, and we are not required to perform any procedures to corroborate such other information. However, in accordance with such standards, we have read the information and considered whether such information, or the manner of its presentation, was materially inconsistent with its presentation in the financial statements.
Our responsibility also includes communicating to you any information which we believe is a material misstatement of fact. Nothing came to our attention that caused us to believe that such information, or its manner of presentation, is materially inconsistent with the information, or manner of its presentation, appearing in the financial statements.
This report is intended solely for the information and use of the City Council, and management of the City and is not intended to be and should not be used by anyone other than these specified parties.
Badawi & Associates, CPAs
Emeryville, California
December 11
, 2025
P (925) 779-7055 City Hall
F (925) 779-7054 200 H Street
Antioch, CA 94509
December 11, 2025
Badawi & Associates, CPAs
5901 Christie Avenue, Suite 307
Emeryville, CA 94608
This representation letter is provided in connection with your audit of the financial statements of the City of Antioch, California (City) as of June 30, 2025, and for the year then ended, and the related notes to the financial statements, for the purpose of expressing opinions on whether the basic financial statements present fairly, in all material respects, the financial position, results of operations, and cash flows, where applicable, of the various opinion units of the City in accordance with accounting principles generally accepted for governments in the United States of America (U.S. GAAP).
Certain representations in this letter are described as being limited to matters that are material. Items are considered material, regardless of size, if they involve an omission or misstatement of accounting information that, in the light of surrounding c ircumstances, there is a substantial likelihood that, individually or in the aggregate, they would influence the judgement made by a reasonable user based on the financial statements.
We confirm that, to the best of our knowledge and belief, having made such inquiries as we considered necessary for the purpose of appropriately informing ourselves as of December 11, 2025:
Financial Statements
1. We have fulfilled our responsibilities, as set out in the terms of the audit engagement letter dated June 3, 2025, for the preparation and fair presentation of the financial statements of the various opinion units referred to above in accordance with U.S. GAAP.
2. We acknowledge our responsibility for the design, implementation, and maintenance of internal control relevant to the preparation and fair presentation of financial statements that are free from material misstatement, whether due to fraud or error.
3. We acknowledge our responsibility for the design, implementation, and maintenance of internal control to prevent and detect fraud.
4. We acknowledge our responsibility for compliance with the laws, regulations, and provisions of contracts and grant agreements.
5. We have reviewed, approved, and taken responsibility for the financial statements and related notes.
6. We have a process to track the status of audit findings and recommendations.
Docusign Envelope ID: AFA828EE-DF94-4C38-B2EC-D3C69DAB258E
7. We have identified and communicated to you all previous audits, attestation engagements, and other studies related to the audit objectives and whether related recommendations have been implemented.
8. The methods, data, and significant assumptions used by us in making accounting estimates and their related disclosures are appropriate to achieve recognition, measurement, or disclosure that is reasonable in the context of the applicable financial reporting framework.
9. Related party relationships and transactions have been appropriately accounted for and disclosed in accordance with the requirements of U.S. GAAP.
10. All events subsequent to the date of the financial statements and for which U.S. GAAP requires adjustment or disclosure have been adjusted or disclosed.
11. The effects of all known actual or possible litigation and claims have been accounted for and disclosed in accordance with U.S. GAAP.
12. All component units, as well as joint ventures with an equity interest, are included and other joint ventures and related organizations are properly disclosed.
13. All funds and activities are properly classified.
14. All funds that meet the quantitative criteria in GASB Statement No. 34, Basic Financial Statements—and Management's Discussion and Analysis —for State and Local Governments , GASB Statement No. 37, Basic Financial Statements—and Management's Discussion and Analysis—for State and Local Governments: Omnibus as amended, and GASB Statement No. 65, Items Previously Reported as Assets and Liabilities , for presentation as major are identified and presented as such and all other funds that are presented as major are considered important to financial statement users.
15. All components of net position, nonspendable fund balance, and restricted, committed, assigned, and unassigned fund balance are properly classified and, if applicable, approved.
16. Our policy regarding whether to first apply restricted or unrestricted resources when an expense is incurred for purposes for which both restricted and unrestricted net position/fund balance are available is appropriately disclosed and net position/fund balance is properly recognized under the policy.
17. All revenues within the statement of activities have been properly classified as program revenues, general revenues, contributions to term or permanent endowments, or contributions to permanent fund principal.
18. All expenses have been properly classified in or allocated to functions and programs in the statement of activities, and allocations, if any, have been made on a reasonable basis.
19. All interfund and intra -entity transactions and balances have been properly classified and reported.
20. Special items and extraordinary items have been properly classified and reported.
21. Deposit and investment risks have been properly and fully disclosed.
22. Capital assets, including infrastructure assets, are properly capitalized, reported, and if applicable, depreciated.
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23. All required supplementary information is measured and presented within the prescribed guidelines.
24. With regard to investments and other instruments reported at fair value:
a. The underlying assumptions are reasonable and they appropriately reflect management’s intent and ability to carry out its stated courses of action. b. The measurement methods and related assumptions used in determining fair value are appropriate in the circumstances and have been consistently applied. c. The disclosures related to fair values are complete, adequate, and in accordance with U.S.
GAAP.
d. There are no subsequent events that require adjustments to the fair value measurements and disclosures included in the financial statements.
Information Provided
25. We have provided you with:
a. Access to all information, of which we are aware that is relevant to the preparation and fair presentation of the financial statements of the various opinion units referred to above, such as records, documentation, meeting minutes, and other matters; b. Additional information that you have requested from us for the purpose of the audit; and c. Unrestricted access to persons within the entity from whom you determined it necessary to obtain audit evidence.
26. The financial statements and any other information included in the annual report are consistent with one another, and the other information does not contain any material misstatements.
27. All transactions have been recorded in the accounting records and are reflected in the financial statements.
28. We have disclosed to you the results of our assessment of the risk that the financial statements may be materially misstated as a result of fraud.
29. We have provided to you our analysis of the entity’s ability to continue as a going concern, including significant conditions and events present, and if necessary, our analysis of management’s plans, and our ability to achieve those plans.
30. We have no knowledge of any fraud or suspected fraud that affects the entity and involves:
a. Management;
b. Employees who have significant roles in internal control; or c. Others where the fraud could have a material effect on the financial statements.
31. We have no knowledge of any allegations of fraud, or suspected fraud, affecting the entity’s financial statements communicated by employees, former employees, vendors, regulators, or others.
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32. We have disclosed to you all known actual or possible litigation, claims, and assessments whose effects should be considered when preparing the financial statements.
33. We have disclosed to you the identity of the entity’s related parties and all the related party relationships and transactions of which we are aware.
34. There have been no communications from regulatory agencies concerning noncompliance with or deficiencies in accounting, internal control, or financial reporting practices.
35. The City has no plans or intentions that may materially affect the carrying value or classification of assets and liabilities.
36. We have disclosed to you all guarantees, whether written or oral, under which the City is contingently liable.
37. We have disclosed to you all nonexchange financial guarantees, under which we are obligated and have declared liabilities and disclosed properly in accordance with GASB Statement No. 70, Accounting and Financial Reporting for Nonexchange Financial Guarantees , for those guarantees where it is more likely than not that the entity will make a payment on any guarantee.
38. For nonexchange financial guarantees where we have declared liabilities, the amount of the liability recognized is the discounted present value of the best estimate of the future outflows expected to be incurred as a result of the guarantee. Where there was no best estimate but a range of estimated future outflows has been established, we have recognized the minimum amount within the range.
39. We have disclosed to you all significant estimates and material concentrations known to management that are required to be disclosed in accordance with GASB Statement No. 62 (GASB- 62), Codification of Accounting and Financial Reporting Guidance Contained in Pre-November 30, 1989 FASB and AICPA Pronouncements. Significant estimates are estimates at the balance sheet date that could change materially within the next year. Concentrations refer to volumes of business, revenues, available sources of supply, or m arkets or geographic areas for which events could occur that would significantly disrupt normal finances within the next year.
40. We have identified and disclosed to you the laws, regulations, and provisions of contracts and grant agreements that could have a direct and material effect on financial statement amounts, including legal and contractual provisions for reporting specific activities in separate funds.
41. There are no:
a. Violations or possible violations of laws or regulations, or provisions of contracts or grant agreements whose effects should be considered for disclosure in the financial statements or as a basis for recording a loss contingency, including applicable budg et laws and regulations.
b. Unasserted claims or assessments that our lawyer has advised are probable of assertion and must be disclosed in accordance with GASB-62.
c. Other liabilities or gain or loss contingencies that are required to be accrued or disclosed by GASB-62
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d. Continuing disclosure consent decree agreements or filings with the Securities and Exchange Commission and we have filed updates on a timely basis in accordance with the agreements (Rule 240, 15c2-12).
42. We have complied with all aspects of grant agreements and other contractual agreements that would have a material effect on the financial statements in the event of noncompliance.
43. The City has satisfactory title to all owned assets (not right to use assets that are leased), and there are no liens or encumbrances on such capital assets; nor has the City pledged any capital assets as collateral.
44. There have been no cybersecurity breaches or other cyber events whose effects should be considered for disclosure in the financial statements, as a basis for a loss contingency, or otherwise considered when preparing the financial statements.
45. The significant judgements made in making the accounting estimates have taken into account all relevant information of which we are aware.
46. We have consistently and appropriately selected and applied methods, assumptions, and data when making the accounting estimates.
47. The assumptions we used in making and disclosing accounting estimates appropriately reflect our intent and ability to carry out specific courses of action on behalf of the City when relevant to the accounting estimates and disclosures.
48. The disclosures related to accounting estimates, including those disclosures describing estimation uncertainty, are complete and are reasonable in the context of the applicable financial reporting framework.
49. We have obtained and applied appropriate specialized skills and expertise in making the accounting estimates.
50. We are not aware of any events subsequent to the date of the financial statements that require adjustment to our accounting estimates and related disclosures included in the financial statements.
51. We agree with the findings of specialists in evaluating the amounts related to the City’s pension and OPEB plans, and have adequately considered the qualifications of the specialist in determining the amounts and disclosures used in the financial statements and underlying accounting records. We did not give or cause any instructions to be given to specialists with respect to the values o r amounts derived in an attempt to bias their work, and we are not otherwise aware of any matters that have had an impact on the independence or objectivity of the specialists.
52. Provisions for uncollectible receivables have been properly identified and recorded.
53. The methods and significant inputs and assumptions used to determine fair values of financial instruments are determined by the City’s investment. The methods and significant assumptions used result in a measure of fair value appropriate for financial statement measurement and disclosure purposes and are in accordance with the provisions of GASB Statement No. 72, Fair Value Measurement and Application.
54. Tax exempt bonds issued have retained their tax exempt status.
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55. We believe that the actuarial assumptions and methods used to measure the pension and other postemployment benefit liabilities and costs for financial accounting purposes are appropriate in the circumstances.
56. With respect to the combining and individual nonmajor fund financial statements, budget comparison information for nonmajor governmental funds, and the schedule of expenditures of federal awards (Supplementary Information) on which an in -relation opinion is issued accompanying the financial statements:
a. We acknowledge our responsibility for the presentation of the Supplementary Information in accordance with U.S. GAAP.
b. We believe the Supplementary Information, including its form and content, is fairly presented in accordance with U.S. GAAP.
c. The methods of measurement or presentation have not changed from those used in the prior period.
d. There were no significant assumptions or interpretations underlying the measurement of the Supplementary Information.
e. When the Supplementary Information is not presented with the audited financial statements, management will make the audited financial statements readily available to the intended users of the Supplementary Information no later than the date of issuance by the entity of the Supplementary Information and the auditor’s report thereon. f. We acknowledge our responsibility to include the auditor’s report on the Supplementary Information in any document containing the Supplementary Information and that indicates the auditor reported on such Supplementary Information. g. We acknowledge our responsibility to present the Supplementary Information with the audited financial statements or, if the Supplementary Information will not be presented with the audited financial statements, to make the audited financial statements readily available to the intended users of the Supplementary Information no later than the date of issuance by the entity of the Supplementary Information and the auditor’s report thereon.
57. With respect to the management’s discussion and analysis, pension required supplementary information, other post-employment benefit plans (RSI), and budgetary comparison information accompanying the financial statements:
a. We acknowledge our responsibility for the presentation of the RSI in accordance with U.S.
GAAP.
b. We believe the RSI, including its form and content, is measured and fairly presented in accordance with U.S. GAAP.
c. The methods of measurement or presentation have not changed from those used in the prior period.
d. There were no significant assumptions or interpretations underlying the measurement or presentation of the RSI.
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Schedule of Expenditures of Federal Awards (SEFA)
58. With respect to federal awards, we represent the following to you:
a. We are responsible for understanding and complying with, and have complied 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).
b. We are responsible for the preparation and presentation of the schedule of expenditures of federal awards in accordance with the Uniform Guidance. c. We believe the schedule of expenditures of federal awards, including its form and content, is fairly presented in accordance with the Uniform Guidance. d. The methods of measurement or presentation have not changed from those used in the prior period.
e. We are responsible for including the auditor’s report on the schedule of expenditures of federal awards in any document that contains the schedule and that indicates that the auditor has reported on such information.
f. We have identified and disclosed all of our government programs and related activities subject to the Uniform Guidance compliance audit.
g. We have notified you of federal awards and funding increments that were received before December 26, 2014 (if any) and differentiated those awards from awards and funding increments received on or after December 26, 2014, and subject to the audit requirements of the Uniform Guidance.
h. We have notified you if we have elected to delay implementation the procurement sections (317 to 326) of the Uniform Guidance as allowed for three fiscal years after the effective date of the uniform guidance. We understand that sections 317 to 326 are allowed to be delayed until fiscal years beginning on or after December 26, 2017 (if electing to delay).
i. When the schedule of expenditures of federal awards is not presented with the audited financial statements, we will make the audited financial statements readily available to the intended users of the schedule of expenditures of federal awards no later than the date of issuance by the entity of the schedule of expenditures of federal awards and the auditor’s report thereon.
j. We have, in accordance with the Uniform Guidance, identified in the schedule of expenditures of federal awards, expenditures made during the audit period for all awards provided by federal agencies in the form of grants, federal cost-reimbursement contracts, loans, loan guarantees, property (including donated surplus property), cooperative agreements, interest subsidies, food commodities, direct appropriations, and other assistance.
k. We have provided to you our interpretations of any compliance requirements that are subject to varying interpretations.
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l. We have made available to you all federal awards (including amendments, if any) and any other correspondence relevant to federal programs and related activities that have taken place with federal agencies or pass-through entities. m. We have received no requests from a federal agency to audit one or more specific programs as a major program.
n. We have identified and disclosed to you all amounts questioned and any known noncompliance with the direct and material compliance requirements of federal awards, including the results of other audits or program reviews, or stated that there was no such noncompliance. We also know of no instances of noncompliance with direct and material compliance requirements occurring subsequent to period covered by the auditor’s report. o. We have disclosed to you any communications from federal awarding agencies and pass- through entities concerning possible noncompliance with the direct and material compliance requirements, including communications received from the end of the period covered by the compliance audit to the date of the auditor’s report. p. We have made available to you all documentation related to compliance with the direct and material compliance requirements, including information related to federal program financial reports and claims for advances and reimbursements. q. Federal program financial reports and claims for advances and reimbursements are supported by the books and records from which the basic financial statements have been prepared (and are prepared on a basis consistent with the schedule of expenditures of federal awards).
r. The copies of federal program financial reports provided to you are true copies of the reports submitted, or electronically transmitted, to the respective federal agency or pass- through entity, as applicable.
s. We have monitored subrecipients, as necessary, to determine if they have expended subawards in compliance with federal statutes, regulations, and the terms and conditions of the subaward and have met the other pass-through entity requirements of the Uniform Guidance.
t. We have issued management decisions for audit findings that relate to federal awards we make to subrecipients and such management decisions are issued within six months of acceptance of the audit report by the FAC. Additionally, we have followed -up ensuring that the subrecipients have taken the appropriate and timely action on all deficiencies detected through audits, on -site reviews, and other means that pertain to the federal award provided to the subrecipient from the pass-through entity. u. We have considered the results of subrecipients’ audits and have made any necessary adjustments to our own books and records.
v. We have properly classified amounts claimed or used for matching in accordance with related guidelines in the Uniform Guidance, as applicable. w. We have charged costs to federal awards in accordance with applicable cost principles. x. We are responsible for and have accurately prepared the summary schedule of prior audit findings to include all findings required to be included by the Uniform Guidance, and we Docusign Envelope ID: AFA828EE-DF94-4C38-B2EC-D3C69DAB258E
have provided you with all information on the status of the follow -up on prior audit findings by federal awarding agencies and pass -through entities, including all management decisions.
y. We have disclosed to you the findings received and related corrective actions taken for previous audits, attestation engagements, and internal or external monitoring that directly relate to the objectives of the compliance audit, including findings receive d and corrective actions taken from the end of the period covered by the compliance audit to the date of the auditor’s report.
z. The reporting package does not contain personally identifiable information. aa. We have disclosed all contracts or other agreements with service organizations and disclosed to you all communications from these service organizations relating to noncompliance at the organizations.
bb. We have disclosed to you the nature of any subsequent events that provide additional evidence with respect to conditions that existed at the end of the reporting period that affect noncompliance during the reporting period.
In addition:
cc. We are responsible for understanding and complying with the requirements of federal statutes, regulations, and the terms and conditions of federal awards related to each of our federal programs and have identified and disclosed to you the federal statutes, regulations, and the terms and conditions of federal awards that are considered to have a direct and material effect on each major federal program; and we have complied with these direct and material compliance requirements.
dd. We are responsible for establishing and maintaining, and have established and maintained, effective internal control over compliance for federal programs that provide reasonable assurance that we are managing our federal awards in compliance with federal statutes, regulations, and the terms and conditions of the federal award that could have a material effect on our federal programs. Also, no changes have been made in the internal control over compliance or other factors that might significantly affect inte rnal control, including any corrective action taken by management with regard to significant deficiencies and material weaknesses in internal control over compliance, have occurred subsequent to the period covered by the auditor’s report. ee. We are responsible for and have accurately completed the appropriate sections of the Data Collection Form and we are responsible for taking corrective action on audit findings of the compliance audit and have developed a corrective action plan that meets t he requirements of the Uniform Guidance.
Bessie Marie Scott, City Manager Dawn Merchant, Finance Director
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I
Agenda Item #
STAFF REPORT TO THE ANTIOCH PUBLIC FINANCING AUTHORITY
DATE: Regular Meeting of January 27, 2026
TO: Honorable Members of the Antioch Public Finance Authority
SUBMITTED BY: Dawn Merchant, Finance Director
APPROVED BY: Bessie Marie Scott, City Manager
SUBJECT: Antioch Public Financing Authority – Basic Financial Statements and Independent Auditor’s Report for the Year Ended June 30, 2025
RECOMMENDED ACTION
It is recommended that the Board of the Antioch Public Financing Authority receive and file the Antioch Public Financing Authority – Basic Financial Statements and Independent Auditor’s Report for the Year Ended June 30, 2025.
FISCAL IMPACT
There is no fiscal impact associated with this action.
DISCUSSION
The Antioch Public Financing Authority (APFA) is a joint exercise of powers entity organized by the City of Antioch (City) and the former Antioch Development Agency (Agency) under the laws of the State of California. The Authority was organized to provide financial assistance to the City and the Agency by financing real and personal property and improvements for the benefit of the residents of the City and surrounding areas.
As required by State law, the Antioch Public Financing Authority must publish a complete set of financial statements at the close of each fiscal year audited by a firm of licensed certified public accountants. This year's annual financial report was audited by Badawi & Associates, Certified Public Accountants.
As stated in the Independent Auditor's Report, the basic financial statements present fairly, in all material respects, the respective financial position of the Authority, as of June 30, 2025, and the respective changes in its financial position and its cash flows for the year then ended in accordance with accounting principles generally accepted in the United States of America.
Antioch City Council Report
January 27, 2026 Agenda Item #I 2
ATTACHMENT
A. Antioch Public Financing Authority – Basic Financial Statements and Independent Auditor’s Report for the Year Ended June 30, 2025
City of Antioch
Public Financing
Authority
(A Component Unit of the City of
Antioch, California)
Basic Financial Statements
and Independent Auditor’s Report
For the year ended June 30, 2025
City of Antioch Public Financing Authority
Basic Financial Statements
For the year ended June 30, 2025
Table of Contents
Page
Independent Auditor’s Report ................................................................................................................................ 1 Management’s Discussion and Analysis (Required Supplementary Information) ...................................... 5 Basic Financial Statements:
Statement of Net Position .................................................................................................................................... 8 Statement of Revenues, Expenses and Changes in Net Position ................................................................... 9 Statement of Cash Flows ................................................................................................................................... 10 Notes to Basic Financial Statements ................................................................................................................ 11 Supplementary Information:
Combining Statement of Net Position ............................................................................................................. 18 Combining Statement of Revenues, Expenses and Changes in Net Position ............................................ 19 Combining Statement of Cash Flows .............................................................................................................. 20 Independent Auditor’s Report on Internal Control over Financial Reporting and on Compliance and Other Matters Based on an Audit of Financial Statements Performed in Accordance with Government Auditing Standards ...................................... 21 This page intentionally left blank.
INDEPENDENT AUDITOR’S REPORT
To the Board of Directors
of the City of Antioch Public Financing Authority
Antioch, California
Report on the Financial Statements
We have audited the accompanying financial statements of the City of Antioch Public Financing Authority (Authority), a component unit of the City of Antioch, as of and for the year ended June 30, 2025, and the related notes to the financial statements, which collectively comprise the Authority’s basic financial statements as listed in the table of contents.
In our opinion, the accompanying financial statements present fairly, in all material respects, the financial position of the Authority as of June 30, 2025, and the changes in its financial position and its cash flows for the year then ended in accordance with accounting principles generally accepted in the United States of America.
Basis for Opinion
We conducted our audit in accordance with auditing standards generally accepted in the United States of America (GAAS) and the standards applicable to financial audits contained in Government Auditing Standards, issued by the Comptroller General of the United States. Our responsibilities under those standards are further described in the Auditor’s Responsibilities for the Audit of the Financial Statements section of our report. We are required to be independent the Authority and to meet our other ethical responsibilities, in accordance with the relevant ethical requirements relating to our audit. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion.
Responsibilities of Management for the Financial Statements Management is responsible for the preparation and fair presentation of these financial statements in accordance with accounting principles generally accepted in the United States of America, and for the design, implementation, and maintenance of internal control relevant to the preparation and fair presentation of financial statements that are free from material misstatement, whether due to fraud or error.
In preparing the financial statements, management is required to evaluate whether there are conditions or events, considered in the aggregate, that raise substantial doubt about the Authority’s ability to continue as a going concern for twelve months beyond the financial statement date, including any currently known information that may raise substantial doubt shortly thereafter.
Auditor’s Responsibilities for the Audit of the Financial Statements Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance but is not absolute assurance and therefore is 1 To the Board of Directors
of the City of Antioch Public Financing Authority
Antioch, California
not a guarantee that an audit conducted in accordance with GAAS will always detect a material misstatement when it exists. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control. Misstatements are considered material if there is a substantial likelihood that, individually or in the aggregate, they would influence the judgment made by a reasonable user based on the financial statements.
In performing an audit in accordance with GAAS, we:
• Exercise professional judgment and maintain professional skepticism throughout the audit. • Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, and design and perform audit procedures responsive to those risks.
Such procedures include examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements.
• Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Authority’s internal control. Accordingly, no such opinion is expressed.
• Evaluate the appropriateness of accounting policies used and the reasonableness of significant accounting estimates made by management, as well as evaluate the overall presentation of the financial statements.
• Conclude whether, in our judgment, there are conditions or events, considered in the aggregate, that raise substantial doubt about the Authority’s ability to continue as a going concern for a reasonable period of time.
We are required to communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit, significant audit findings, and certain internal control–related matters that we identified during the audit.
Required Supplementary Information
Accounting principles generally accepted in the United States of America require that the management’s discussion and analysis on pages 5-6 be presented to supplement the basic financial statements. Such information is the responsibility of management and, although not a part of the basic financial statements, is required by the Governmental Accounting Standards Board, who considers it to be an essential part of financial reporting for placing the basic financial statements in an appropriate operational, economic, or historical context. We have applied certain limited procedures to the required supplementary information in accordance with auditing standards generally accepted in the United States of America, which consisted of inquiries of management about the methods of preparing the information and comparing the information for consistency with management’s responses to our inquiries, the basic financial statements, and other knowledge we obtained during our audit of the basic financial statements. We do not express an opinion or provide any assurance on the information because the limited procedures do not provide us with sufficient evidence to express an opinion or provide any assurance. 2 To the Board of Directors
of the City of Antioch Public Financing Authority
Antioch, California
Supplementary Information
Our audit was conducted for the purpose of forming opinions on the financial statements that collectively comprise the Authority’s basic financial statements. The combining and individual fund financial statements, are presented for purposes of additional analysis and are not a required part of the basic financial statements.
The combining and individual fund financial statements are the responsibility of management and were derived from and relate directly to the underlying accounting and other records used to prepare the basic financial statements. Such information has been subjected to the auditing procedures applied in the audit of the basic financial statements and certain additional procedures, including comparing and reconciling such information directly to the underlying accounting and other records used to prepare the basic financial statements or to the basic financial statements themselves, and other additional procedures in accordance with auditing standards generally accepted in the United States of America. In our opinion, the combining and individual fund financial statements are fairly stated in all material respects in relation to the basic financial statements as a whole.
Other Reporting Required by Government Auditing Standards In accordance with Government Auditing Standards, we have also issued our report dated December 11, 2025 on our consideration of the Authority’s internal control over financial reporting and on our tests of its compliance with certain provisions of laws, regulations, contracts, and grant agreements and other matters.
The purpose of that report is solely to describe the scope of our testing of internal control over financial reporting and compliance and the results of that testing, and not to provide an opinion on the effectiveness of internal control over financial reporting or on compliance. That report is an integral part of an audit performed in accordance with Government Auditing Standards in considering the Authority’s internal control over financial reporting and compliance.
Badawi & Associates, CPAs
Emeryville, California
December 11, 2025
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4 ANTIOCH PUBLIC FINANCING AUTHORITY
Management’s Discussion and Analysis
This section of the Antioch Public Financing Authority’s (the Authority) financial statements presents a narrative overview and analysis of the financial activities of the Authority for the fiscal year ended June 30, 2025. P lease read it in conjunction with the Authority’s basic financial statements.
Financial Highlights
• Cash receipts from leases during the year totaled $1,999,549. All of these receipts were used to pay debt service requirements for fiscal year 2024/25.
Financial Statements
The Authority’s financial statements are those of a special-purpose government engaged only in providing debt financing for capital improvements benefiting the City of Antioch (the City) and the former Antioch Development Agency (the Agency). U nder Governmental Accounting Standards Board (GASB) Statement No. 34, governments like the Authority that have only business-type activities may present only enterprise fund financial statements as follows: (1) statement of net position; (2) statement of revenues, expenses and changes in net position; and (3) statement of cash flows.
The Authority’s basic financial statements are prepared on an accrual basis of accounting in accordance with accounting principles generally accepted in the United States of America.
The following table indicates the net position as of June 30, 2025 and June 30, 2024:
2025 2024
Assets:
Current assets 1,587,139$ 1,491,334$
Noncurrent assets 11,950,000 13,445,000
Total asse ts 13,537,139 14,936,334
Deferred Outlfows of Resources:
Deferred loss on refunding 71,050 81,200
Total deferred outflows of resources 71,050 81,200 Liabilities:
Current liabilities 1,585,359 1,486,900
Noncurrent liabilities 13,125,528 14,793,356
Total liabilities 14,710,887 16,280,256
Total net position (1,102,698)$ (1,262,722)$
Use of the Authority’s net position is restricted. At June 30, 2025, the Authority’s total net position was negative due to recognition of bonds payable.
5 ANTIOCH PUBLIC FINANCING AUTHORITY
Management’s Discussion and Analysis
The following table indicates the changes in net position for the fiscal year ended June 30, 2025 and June 30, 2024:
2025 2024
Revenues:
Lease interest revenue from financing activities 603,008$ 665,073$ Interest revenue 905 5,149
Total revenues 603,913 670,222
Expenses:
General and administrative 2,158 130
Fiscal charges 12,575 12,488
Interest expens e 429,156 493,905
Total expenses 443,889 506,523
Change in net position 160,024 163,699
Net pos ition, beginning of year (1,262,722) (1,426,421) Net position, end of year (1,102,698)$ (1,262,722)$
The Authority’s total revenues decreased by $66,309 to $603,913 in the fiscal year ended June 30, 2025. The decrease in revenue was due to decreased lease interest revenue from financing activities. Total expenses decreased $62,634 to $443,889 due to decreased interest expense.
Debt Administration
The long-term debt of the Authority at June 30, 2025 included $13,445,000 of outstanding lease revenue bonds. The lease revenue bonds will be repaid through lease agreements with the City and Antioch RDA Successor Agency that are structured to meet principal and interest requirements when due.
During fiscal year 2025, the Authority’s total debt decreased by $1,557,828 due to debt service payments and amortization of bond premium.
Request for Information
Questions concerning any of the information provided in this report or requests for additional financial information should be addressed to the Finance Department of the City of Antioch, P.O.
Box 5007, Antioch, California 94531-5007.
6 BASIC FINANCIAL STATEMENTS
7 Antioch Public Financing Authority
Statement of Net Position
June 30, 2025
ASSETS
Current assets:
Cash and investments 230$
Interest receivable 1
Prepaid items 1,549
Lease interest receivable due from the City of Antioch 90,359 Net investment in leases from the City of Antioch - current portion 1,495,000 Total current assets 1,587,139
Noncurrent assets:
Net investment in leases from the City of Antioch 11,950,000 Total noncurrent assets 11,950,000
Total assets 13,537,139
DEFERRED OUTFLOWS OF RESOURCES
Deferred loss on refunding 71,050
Total deferred outflows of resources 71,050
LIABILITIES
Current liabilities:
Interest payable 90,359
Bond payable - due within one year 1,495,000
Total current liabilities 1,585,359
Noncurrent liabilities:
Bond payable - due in more than one year 13,125,528
Total noncurrent liabilities 13,125,528
Total liabilities 14,710,887
NET POSITION
Unrestricted (1,102,698)
Total net position (1,102,698)$
See accompanying Notes to Basic Financial Statements.
8 Antioch Public Financing Authority
Statement of Revenues, Expenses and Changes in Net Position For the year ended June 30,2025
OPERATING REVENUES:
Interest revenue from financing activities 603,008$
Total operating revenues 603,008
OPERATING EXPENSES:
General and administrative 2,158
Fiscal charges 12,575
Total operating expenses 14,733
OPERATING INCOME 588,275
NONOPERATING REVENUES:
Interest revenue 905
Interest expense (429,156)
Total nonoperating revenues (428,251)
Change in net position 160,024
NET POSITION:
Beginning of year (1,262,722)
End of year (1,102,698)$
See accompanying Notes to Basic Financial Statements.
9 Antioch Public Financing Authority
Statement of Cash Flows
For the year ended June 30, 2025
CASH FLOWS FROM OPERATING ACTIVITIES:
Cash receipts from City - principal 1,385,000$
Cash receipts from City - interest 614,549
Cash payments for administrative and fiscal charges (4,708) Net cash provided by operating activities 1,994,841
CASH FLOWS FROM NONCAPITAL
FINANCING ACTIVITIES:
Receipt of interest 917
Payments of bond principal (1,385,000)
Payments of bond interest (613,525)
Net cash used in noncapital financing activities (1,997,608) Net change in cash and cash equivalents (2,767)
CASH AND CASH EQUIVALENTS:
Beginning of year 2,997
End of year 230$
RECONCILIATION OF OPERATING INCOME TO NET
CASH PROVIDED BY OPERATING ACTIVITIES:
Operating income 588,275$
Adjustments to reconcile operating income to net
cash provided (used) by operating activities:
Investment in leases 1,385,000
Prepaid items (125)
Lease interest receivable 11,541
Deferred loss on refunding 10,150
Total adjustments 1,406,566
Net cash provided by operating activities 1,994,841$
Non cash items:
Amortization of premium and deferred loss on refunding of debt (162,678)$ See accompanying Notes to Basic Financial Statements.
10 City of Antioch Public Financing Authority
Notes to Basic Financial Statements
For the year ended June 30, 2025
1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
The basic financial statements of the City of Antioch Public Financing Authority (Authority) have been prepared in conformity with generally accepted accounting principles (GAAP) as applied to governmental agencies. The Governmental Accounting Standards Boards (GASB) is the accepted standard setting body for establishing governmental accounting and financial reporting principles. The more significant of the Authority’s accounting policies are described below.
A. Financial Reporting Entity
The Antioch Public Financing Authority (Authority) is a joint exercise of powers entity organized by the City of Antioch (City) and the Antioch Development Agency (Agency) under the laws of the State of California. The Authority was organized to provide financial assistance to the City and the Agency by financing real and personal property and improvements for the benefit of the residents of the City and surrounding areas.
B. Basis of Accounting and Measurement Focus
The accounts of the Authority are organized on the basis of funds, each of which is considered a separate accounting entity. The operations of each fund are accounted for with a separate set of self- balancing accounts that comprise its assets, liabilities, fund equity, revenues, and expenditures or expenses, as appropriate. Governmental resources are allocated to and accounted for in individual funds based upon the purposes for which they are to be spent and the means by which spending activities are controlled.
The Authority’s basic financial statements include a Statement of Net Position, a Statement of Revenues, Expenses and Changes in Net Position and a Statement of Cash Flows.
These statements are presented on an “economic resources” measurement focus and the accrual basis of accounting. The Statement of Revenues, Expenses and Changes in Net Position presents changes in Net Position. Under the accrual basis of accounting, revenues are recognized in the period in which they are earned while expenses are recognized in the period in which the liability is incurred. The type of transactions reported as program revenues for the Authority are reported as operating revenues.
The Authority applies all applicable GASB pronouncements, including all NCGA Statements and Interpretations currently in effect.
C. Cash and Cash Equivalent
The Authority pools its cash and investments with the City’s cash & investments. The balance in the pooled cash account is available to meet current operating requirements. Cash in excess of current requirements is invested in various interest-bearing accounts and other investments for varying terms. 11 City of Antioch Public Financing Authority
Notes to Basic Financial Statements
For the year ended June 30, 2025
1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES, Continued C. Cash and Cash Equivalent, Continued
In accordance with GASB Statement No. 40, Deposit and Investment Disclosures (Amendment of GASB No. 3), certain disclosure requirements for Deposits and Investment Risks were made in the following areas:
Interest Rate Risk
Credit Risk
Overall
Custodial Credit Risk
Concentrations of Credit Risk
In addition, other disclosures are specified including use of certain methods to present deposits and investments, highly sensitive investments, credit quality at year-end, and other disclosures.
Highly liquid market investments with maturities of one year or less at time of purchase are stated at amortized cost. All other investments are stated at fair value. Market value is used as fair value for those securities for which market quotations are readily available.
Cash equivalents are considered amounts in demand deposits and short-term investments with a maturity date within three months of the date acquired by the City and are presented as “Cash and Investments” in the accompanying Basic Financial Statements.
For purposes of the statement of cash flows, cash equivalents are defined as investments with original maturities of 90 days or less, which are readily convertible to known amounts of cash. The Authority considers all pooled cash and investments (consisting of cash and investments and restricted cash and investments) held by the City as cash and cash equivalents because the pool is used essentially as a demand deposit account from the standpoint of the funds. The Authority also considers all non-pooled cash and investments (consisting of cash with fiscal agent and restricted cash and investments held by fiscal agent) as cash and cash equivalents because investments meet the criteria for cash equivalents defined above.
D. Long-Term Obligations
In the basic financial statements, long-term debt and other long-term obligations are reported as liabilities. Bond premiums and discounts, if material, 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 as incurred. 12 City of Antioch Public Financing Authority
Notes to Basic Financial Statements
For the year ended June 30, 2025
1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES, Continued E. Deferred Outflows of Resources
In addition to assets, the statement of financial position will sometimes report a separate section for deferred outflows of resources. This separate financial statement element, deferred outflows of resources, represents a consumption of net assets that applies to a future period(s) and so will not be recognized as an outflow of resources (expense/ expenditure) until then. The Authority only has one item that qualifies for reporting in this category. It is the deferred charge on refunding debt reported in the statement of net position. A deferred charge on refunding results from the difference in the carrying value of refunded debt and its reacquisition price. This amount is deferred and amortized over the shorter of the life of the refunded or refunding debt.
F. Net Position
In the basic financial statements, Net Position is classified in the following category:
Unrestricted Net Position – This amount represents the portion of net position of the Authority, not restricted for any project or other purpose.
G. Use of Restricted / Unrestricted Net Position
When an expense is incurred for purposes for which both restricted and unrestricted Net Position is available, the Authority’s policy is to apply restricted Net Position first.
H. Use of Estimates
The preparation of basic financial statements in conformity with generally accepted accounting principles requires Authority management to make estimates and assumptions that affect certain amounts and disclosures. Accordingly, actual results could differ from those estimates.
I. New Pronouncements
In fiscal year 2025, the Authority adopted the following GASB statements:
GASB Statement No. 101, Compensated Absences – There was no effect on net position as part of implementation of this standard.
GASB Statement No. 102, Certain Risk Disclosures – There was no effect on net position as part of implementation of this standard.
GASB Statement No. 103, Financial Reporting Model Improvements – There was no effect of net position as part of implementation of this standard.
13 City of Antioch Public Financing Authority
Notes to Basic Financial Statements
For the year ended June 30, 2025
2. CASH AND INVESTMENTS
The Authority’s cash and investments consist of cash and investments held by fiscal agents and cash and investments pooled with the City’s cash and investments. At June 30, 2025, the Authority had the following cash and investment balances:
Total
Cash and investments with fiscal agent 230$
Total cash and investments 230$
3. NET INVESTMENT IN LEASES
Debt service on the outstanding lease revenue bonds is funded with lease payments made by the City, and City former RDA Successor Agency to the Authority for the use of buildings and leasehold improvements acquired or constructed with bond proceeds issued by the Authority. In the lease agreements relating to the bonds, the City and City former RDA have covenanted to make rental payments in amounts corresponding to the Authority's debt service requirements and related costs. Net investment in leases reflects the present value of remaining future lease payments due from the City’s former RDA and City of Antioch. As of June 30, 2025, the Authority’s net investment in leases was $13,445,000.
4. LONG-TERM OBLIGATIONS
A summary of the Authority’s long-term debt transactions for the year ended June 30, 2025, is presented below.
Amounts Amounts
Balance Balance Due Within Due in More
Description June 30, 2024 Additions Retirements June 30, 2025 One Year than One Year 2015 APFA Refunding Series A 14,830,000$ -$ (1,385,000)$ 13,445,000$ 1,495,000$ 11,950,000$ Original bond premium 1,348,356 - (172,828) 1,175,528 - 1,175,528 Total 16,178,356$ -$ (1,557,828)$ 14,620,528$ 1,495,000$ 13,125,528$ Classification
Lease Revenue Refunding Bonds, Series 2015A
On February 11, 2015, the Authority issued the Lease Revenue Bonds, Series 2015A in the amount of $23,155,000, to refund the Authority’s outstanding 2002 Lease Revenue Bonds, Series A & B, and the City’s 2001 ABAG Lease Revenue Bonds. Interest payments are payable semi-annually on November 1 and May 1.
The bonds mature through May 1, 2032, and bear interest at the rate of 2-5%. The advanced refunding resulted in a difference of $182,696 between the reacquisition price and the net carrying amount of the old debt that has been deferred and amortized in accordance with GASB Statement No. 23.
14 City of Antioch Public Financing Authority
Notes to Basic Financial Statements
For the year ended June 30, 2025
4. LONG-TERM OBLIGATIONS, Continued
The annual debt service requirements for the Lease Revenue Refunding Bonds Series 2015A outstanding at June 30, 2025 were as follows:
Year Ending Year Ending
June 30, Principal Interest Total June 30, Principal Interest Total 2026 1,230,000$ 465,400$ 1,695,400$ 2026 265,000$ 76,750$ 341,750$ 2027 1,255,000 403,900 1,658,900 2027 280,000 63,500 343,500 2028 1,595,000 341,150 1,936,150 2028 295,000 49,500 344,500 2029 1,715,000 261,400 1,976,400 2029 305,000 34,750 339,750 2030 1,850,000 175,650 2,025,650 2030 325,000 19,500 344,500 2031-2032 4,005,000 181,800 4,186,800 2031 325,000 9,750 334,750 Total 11,650,000$ 1,829,300$ 13,479,300$ Total 1,795,000$ 253,750$ 2,048,750$ Year Ending
June 30, Principal Interest Total
2026 1,495,000$ 542,150$ 2,037,150$
2027 1,535,000 467,400 2,002,400
2028 1,890,000 390,650 2,280,650
2029 2,020,000 296,150 2,316,150
2030 2,175,000 195,150 2,370,150
2031-2032 4,330,000 191,550 4,521,550
Total 13,445,000$ 2,083,050$ 15,528,050$
Lease Revenue Refunding Bonds Series 2015A
2002 Series A & B Portion ABAG Portion
Total
Interest payments and lease revenue bond retirements are serviced by revenues generated by the tax increment from the City former RDA Successor Agency and lawfully available funds of the city for Base Rental Payments pursuant to a facility lease. The total principal and interest remaining to be paid on the bonds is $15,528,050.
5. RISK MANAGEMENT
The Authority is exposed to various risks of loss related to torts; theft of, damage to, and destruction of assets; errors and omissions; and natural disasters. The Authority participates in the Municipal Pooling Authority (MPA) through its relationship with the City. The purpose of the MPA is to spread the adverse effects of losses among the member agencies and to purchase excess insurance as a group, thereby reducing expenses. The City’s deductibles and maximum coverage for general liability are as follows:
Deductible MPA Excess Liability
$50,000 $50,001-$1,000,000 $1,000,001-$29,000,000
There have been no claims in the past three fiscal years which exceeded the Authority’s excess coverage.
The Authority had no claims outstanding at June 30, 2025. 15 This page intentionally left blank.
16 SUPPLEMENTAL INFORMATION
17 Antioch Public Financing Authority
Combining Statement of Net Position
Proprietary Funds
June 30, 2025
2002 A&B ABAG
2015A 2015A
Lease Lease
Revenue Revenue
Bonds Bonds Total
ASSETS
Current assets:
Cash and investments 230$ -$ 230$ Interest receivable 1 - 1 Prepaid items 1,292 257 1,549 Lease interest receivable due from City of Antioch 77,567 12,792 90,359 Net investment in leases from City of Antioch 1,230,000 265,000 1,495,000 Total current assets 1,309,090 278,049 1,587,139 Noncurrent assets:
Net investment in leases from City of Antioch 10,420,000 1,530,000 11,950,000 Total noncurrent assets 10,420,000 1,530,000 11,950,000 Total assets 11,729,090 1,808,049 13,537,139
DEFERRED OUTFLOWS OF RESOURCES
Deferred loss on refunding 71,050 - 71,050 Total deferred outflows of resources 71,050 - 71,050
LIABILITIES
Current liabilities:
Interest payable 77,567 12,792 90,359 Bond payable - due within one year 1,230,000 265,000 1,495,000 Total current liabilities 1,307,567 277,792 1,585,359 Noncurrent liabilities:
Bond payable - due in more than one year 11,389,930 1,735,598 13,125,528 Total noncurrent liabilities 11,389,930 1,735,598 13,125,528 Total liabilities 12,697,497 2,013,390 14,710,887
NET POSITION
Unrestricted (897,357) (205,341) (1,102,698) Total net position (897,357)$ (205,341)$ (1,102,698)$ 18 Antioch Public Financing Authority
Combining Statement of Revenues, Expenses and Changes in Net Position Proprietary Funds
For the year ended June 30, 2025
2002 A&B ABAG
2015A 2015A
Lease Lease
Revenue Revenue
Bonds Bonds Total
OPERATING REVENUES:
Interest revenue from financing activities 513,039$ 89,969$ 603,008$ Total operating revenues 513,039 89,969 603,008 OPERATING EXPENSES:
General and administrative 2,095 63 2,158 Fiscal charges 12,190 385 12,575 Total operating expenses 14,285 448 14,733 OPERATING INCOME 498,754 89,521 588,275 NONOPERATING REVENUES (EXPENSES):
Interest revenue 905 - 905 Interest expense (373,923) (55,233) (429,156) Total nonoperating revenues (expenses) (373,018) (55,233) (428,251) Change in net position 125,736 34,288 160,024 NET POSITION:
Beginning of year (1,023,093) (239,629) (1,262,722) End of year (897,357)$ (205,341)$ (1,102,698)$ 19 Antioch Public Financing Authority
Combining Schedule of Cash Flows
Proprietary Funds
For the year ended June 30, 2025
2002 A&B ABAG
2015A 2015A
Lease Lease
Revenue Revenue
Bonds Bonds Total
CASH FLOWS FROM OPERATING ACTIVITIES:
Cash receipts from City - principal 1,130,000$ 255,000$ 1,385,000$ Cash receipts from City - interest 522,455 92,094 614,549 Cash payments for administrative and fiscal charges (4,239) (469) (4,708) Net cash provided by operating activities 1,648,216 346,625 1,994,841
CASH FLOWS FROM NONCAPITAL
FINANCING ACTIVITIES:
Interest received 917 - 917 Payments of bond principal (1,130,000) (255,000) (1,385,000) Interest paid on bonds (521,900) (91,625) (613,525) Net cash used in noncapital financing activities (1,650,983) (346,625) (1,997,608) Net change in cash and cash equivalents (2,767) - (2,767) CASH AND CASH EQUIVALENTS:
Beginning of year 2,997 - 2,997 End of year 230$ -$ 230$
RECONCILIATION OF OPERATING INCOME TO NET - - CASH PROVIDED BY OPERATING ACTIVITIES:
Operating income 498,754$ 89,521$ 588,275$ Adjustments to reconcile operating income to net
cash provided (used) by operating activities:
Investment in leases 1,130,000 255,000 1,385,000 Lease interest receivable 9,416 2,125 11,541 Prepaid items (104) (21) (125) Deferred loss on refunding 10,150 - 10,150 Total adjustments 1,149,462 257,104 1,406,566 Net cash provided by operating activities 1,648,216$ 346,625$ 1,994,841$ Non cash items:
Amortization of premium and deferred loss on refunding of debt (128,411)$ (34,267)$ (162,678)$ 20 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
INDEPENDENT AUDITOR’S REPORT
To the Board of Directors
of the Antioch Public Financing Authority
Antioch, California
We have audited, in accordance with the auditing standards generally accepted in the United States of America and the standards applicable to financial audits contained in Government Auditing Standards issued by the Comptroller General of the United States, the financial statements of the Antioch Public Financing Authority (Authority), a component unit of the City of Antioch, as of and for the year ended June 30, 2025, and the related notes to the financial statements, which collectively comprise the Authority’s basic financial statements, and have issued our report thereon dated December 11, 2025.
Report on Internal Control Over Financial Reporting
In planning and performing our audit of the financial statements, we considered the Authority’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 Authority’s internal control.
Accordingly, we do not express an opinion on the effectiveness of the Authority’s internal control.
A deficiency in internal control exists when the design or operation of a control does not allow management or employees, in the normal course of performing their assigned functions, to prevent, or detect and correct, misstatements on a timely basis. A material weakness is a deficiency, or a combination of deficiencies, in internal control, such that there is a reasonable possibility that a material misstatement of the entity’s financial statements will not be prevented, or detected and corrected on a timely basis. A significant deficiency is a deficiency, or a combination of deficiencies, in internal control that is less severe than a material weakness, yet important enough to merit attention by those charged with governance.
Our consideration of internal control was for the limited purpose described in the first paragraph of this section and was not designed to identify all deficiencies in internal control that might be material weaknesses or, significant deficiencies. Given these limitations, during our audit we did not identify any deficiencies in internal control that we consider to be material weaknesses. However, material weaknesses or significant deficiencies may exist that were not identified. 21 To the Board of Directors
of the Antioch Public Financing Authority
Antioch, California
Report on Compliance and Other Matters
As part of obtaining reasonable assurance about whether the Authority’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.
Purpose of this Report
The purpose of this report is solely to describe the scope of our testing of internal control and compliance and the results of that testing, and not to provide an opinion on the effectiveness of the entity’s internal control or on compliance. This report is an integral part of an audit performed in accordance with Government Auditing Standards in considering the entity’s internal control and compliance. Accordingly, this communication is not suitable for any other purpose.
Badawi & Associates, CPAs
Emeryville, California
December 11, 2025
22 K
Agenda Item #
STAFF REPORT TO THE CITY COUNCIL
DATE: Regular Meeting of January 27, 2026
TO: Honorable Mayor and Members of the City Council
SUBMITTED BY: Marcus Woodland, Water Treatment Plant Superintendent
APPROVED BY: Scott Buenting, Public Works Director/City Engineer
SUBJECT: First Amendment to the Maintenance Services Agreement with Alta Fence Co. for Fencing Parts and Installation Services
RECOMMENDED ACTION
It is recommended that the City Council adopt a resolution approving the first amendment to the maintenance services agreement with Alta Fence Co. for Fencing Parts and Installation Services, and increase the contract for Fiscal Year 2025/26 by $200,392; for a total five-year contract in the amount of $1,200,392, and authorizing the City Manager or designee to execute the amendment to the agreement in a form approved by the City Attorney.
FISCAL IMPACT
The Fiscal Year 2025/26 Capital Improvements and Operating Budgets include $787,341 for Water Treatment Plant Improvements and $50,000 for Fencing Parts and Installation Services through the Water Enterprise fund. Adoption of this resolution will authorize an increase to the maintenance services agreement with Alta Fence Co. for F iscal Year 2025/26 by $200,392 for a total five-year contract in the amount of $1,200,392. Funding for subsequent years of the agreement will be requested as part of the City’s biennial budget process.
DISCUSSION
On May 14, 2024 , City and Alta Fence Co. (“AFC”) entered into an a greement for maintenance services for Fencing Parts and Installation Services in the amount of $600,000 for a three (3) year term with an option to extend two (2) additional years for an amount of $400,000 for a five (5) year grand total contract amount not to exceed $1,000,000 for the period of July 1, 2024 to June 30, 2027, to provide fencing parts and installation services to ensure that city facilities are secured and protected from potential vandalism, illegal dumping, trespassing and burglary.
Antioch City Council Report
January 27, 2026, Agenda Item # 2
Fencing around trails, creeks, and open spaces requires continuous repairs due to ongoing vandalism, vehicle accidents and aging of fences. This amendment will provide adequate budget for important security improvements to critical facilities and allow existing fencing to be maintained for the remainder of the fiscal year. To that end, Staff is recommending the City Council amend AFC’s maintenance services agreement to include additional fencing installations for the Water Treatment Plant ’s main gate for $29,733, the Antioch Municipal Reservoir fencing for $124,083, and the Fulton Shipyard Facility’s main gate for $46,576, for a total amount of $200,392.
AT
TACHMENTS
A. Resolution
Exhibit 1 - Draft First Amendment
Exhibit A: Quotes
B. Maintenance Services Agreement
ATTACHMENT “A”
RESOLUTION NO. 2026/xxx
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF ANTIOCH
APPROVING THE FIRST AMENDMENT TO THE MAINTENANCE SERVICES AGREEMENT WITH ALTA FENCE CO. FOR FENCING PARTS AND INSTALLATION
SERVICES AND AUTHORIZING THE CITY MANAGER OR DESIGNEE TO EXECUTE
THE AMENDMENT
WHEREAS, on May 14, 2024, City and Alta Fence Co. (“AFC”) entered into an agreement for maintenance services for Fencing Parts and Installation Services in the amount of $600,000 for a three (3) year term with an option to extend two (2) additional years for an amount of $400,000 f or a five (5) year grand total contract amount not to exceed $1,000,000 for the period of July 1, 2024 to June 30, 2027, to provide fencing parts and installation services to ensure that city facilities are secured and protected from potential vandalism, illegal dumping, trespassing and burglary.
WHEREAS, staff is recommending an amendment to AFC’s maintenance services agreement to include additional fencing installations for the Water Treatment Plant’s main gate for $29,733, the Antioch Municipal Reservoir fencing for $124,083, and the Fulton Shipyard Facility’s main gate for $46,576, for a total amount of $200,392;
WHEREAS, fencing around trails, creeks, and open spaces requires continuous repairs due to ongoing vandalism, vehicle accidents and aging of fences; and.
WHEREAS, this amendment will leave adequate budget to provide important security improvements to important security improvements to critical facilities and allow existing fencing to be maintained for the remainder of the fiscal year.
NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of Antioch, hereby approves the first amendment to the maintenance services agreement with Alta Fence Co. for Fencing Parts and Installation Services, and increases the contract for Fiscal Year 2025/26 by $200,392; for a total five-year contract in the amount of $1,200,392, and authorizes the City Manager or designee to execute the amendment to the agreement in a form approved by the City Attorney
* * * * * * * RESOLUTION NO. 2026/***
January 27, 2026