Agenda packet — Beaumont City Council, December 20, 2022 (part 5 of 5)

CITY OF BEAUMONT

Notes to the Basic Financial Statements
For the Year Ended June 30, 2022

59 Note 5 - Capital Assets

A. Governmental Activities

Summary of changes in capital assets for governmental activities for the year ended June 30, 2022 is as follows:

Balance Balance
July 1, 2021 Additions Deletions June 30, 2022
Nondepreciable assets:

Land 28,547,468$ 4,113,593$ -$ 32,661,061$ Construction in progress 7,800,489 6,703,201 (5,482,968) 9,020,722 Total nondepre ciable assets 36,347,957 10,816,794 (5,482,968) 41,681,783 Depreciable assets:

Building and improvements 20,244,074 2,365,267 - 22,609,341 Machinery and equipment 8,038,001 513,800 (143,292) 8,408,509 Vehicles 3,465,338 723,325 (243,046) 3,945,617 Infrastructure 448,888,786 6,039,308 - 454,928,094 Subtotal 480,636,199 9,641,700 (386,338) 489,891,561 Less accumulated depreciation:

Building and improvements (10,399,008) (414,894) - (10,813,902) Machinery and equipment (4,482,573) (443,178) 23,652 (4,902,099) Vehicles (2,490,806) (344,427) 187,091 (2,648,142) Infrastructure (220,247,739) (5,391,157) - (225,638,896) Subtotal (237,620,126) (6,593,656) 210,743 (244,003,039) Total depreciable assets, net 243,016,073 3,048,044 (175,595) 245,888,522 Total 279,364,030$ 13,864,838$ (5,658,563)$ 287,570,305$ A summary of changes in intangible assets of the City for the year ending June 30, 2022 is as follows:

Intangible right to use asset -$ 856,533$ -$ 856,533$ Accumulated amortizarion - (96,681) - (96,681) Lease asset, net of amortization -$ 759,852$ -$ 759,852$ Beginning
Balance Additions Deletions Ending Balance

Governmental activities depreciation expenses for capital assets for the year ended June 30, 2022, are as follows:

General government 110,564$
Public safety 323,416
Public works 5,626,640
Community development 93,002
Community services 440,034
Total depreciation expense 6,593,656$

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CITY OF BEAUMONT

Notes to the Basic Financial Statements
For the Year Ended June 30, 2022

60 Note 5 - Capital Assets (Continued)

B. Business-Type Activities

Summary of changes in capital assets for business-type activities for the year ended June 30, 2022, is as follows:

Balance Balance
July 1, 2021 Additions Deletions June 30, 2022
Nondepreciable assets:

Land 3,009,860$ 408,000$ -$ 3,417,860$ Construction in progress 103,623,925 8,097,333 (49,004) 111,672,254 Total nondepreciable assets 106,633,785 8,505,333 (49,004) 115,090,114 Depreciable assets:

Building and improvements 621,548 149,749 - 771,297 Machinery and equipment 89,747,856 448,645 - 90,196,501 Vehicles 5,436,186 697,220 - 6,133,406 Infrastructure 145,499,868 373,081 - 145,872,949 Subtotal 241,305,458 1,668,695 - 242,974,153 Less accumulated depreciation:

Building and improvements (561,740) (37,885) - (599,625) Machinery and equipment (47,511,863) (3,244,655) - (50,756,518) Vehicles (4,263,631) (436,918) - (4,700,549) Infrastructure (78,580,497) (4,290,252) - (82,870,749) Subtotal (130,917,731) (8,009,710) - (138,927,441) Total depreciable assets, net 110,387,727 (6,341,015) - 104,046,712 Total 217,021,512$ 2,164,318$ (49,004)$ 219,136,826$ A summary of changes in intangible assets of the City for the year ending June 30, 2022 is as follows:

Intangible right to use asset -$ 8,514$ -$ 8,514$ Accumulated amortizarion - (2,838) - (2,838) Lease asset, net of amortization -$ 5,676$ -$ 5,676$ Beginning
Balance Additions Deletions Ending Balance
Business-type activities depreciation expenses for capital assets for the year ended June 30, 2022, are as follows:

Sewer 7,586,607$
Transit 423,103
Total depreciation expense 8,009,710$

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CITY OF BEAUMONT

Notes to the Basic Financial Statements
For the Year Ended June 30, 2022

61 Note 5 - Capital Assets (Continued)

C. Fiduciary Fund Financial Statements

Summary of changes in capital assets for the City's Successor Agency for the year ended June 30, 2022, is as follows:

Balance Balance
July 1, 2021 Additions Deletions June 30, 2022
Nondepreciable assets:

Land 21,826$ -$ (21,826)$ -$ Total nondepreciable assets 21,826 - (21,826) - Total 21,826$ -$ (21,826)$ -$

Note 6 - Long-Term Liabilities

A. Governmental Activities

Summary of changes in long-term liabilities for the governmental activities for the year ended June 30, 2022, is as follows:

Classification
Balance Balance Due Within Due in More
July 1, 2021 Additions Adjustments Deletions June 30, 2022 One Year Than One Year Governmental Activities:

City
AB 1484 Due Diligence Review 775,912$ -$ -$ (775,912)$ -$ -$ -$ Lease Liability 152,680 684,680 19,173 (99,925) 756,608 400,909 355,699 Beaumont Public Financing Authority
1994 Revenue Bonds, Series A 1,970,000 - - (590,000) 1,380,000 655,000 725,000 2015 Refunding Revenue Bonds, Series A 9,770,000 - - (235,000) 9,535,000 240,000 9,295,000 2015 Refunding Revenue Bonds, Series B 16,020,000 - - (805,000) 15,215,000 825,000 14,390,000 2015 Refunding Revenue Bonds, Series C 4,040,000 - - (235,000) 3,805,000 240,000 3,565,000 2015 Refunding Revenue Bonds, Series D 5,985,000 - - (340,000) 5,645,000 355,000 5,290,000 2019 Refunding Revenue Bonds, Series A 5,085,000 - - (330,000) 4,755,000 340,000 4,415,000 2020 Revenue Bonds, Series A 17,200,000 - - (485,000) 16,715,000 515,000 16,200,000 2021 Revenue Bonds, Series A 18,675,000 - - - 18,675,000 1,340,000 17,335,000 Bond premium-2019 revenue bond series A 936,849 - - (78,071) 858,778 78,071 780,707 Total Revenue Bonds 79,681,849 - - (3,098,071) 76,583,778 4,588,071 71,995,707 Total governmental activities 80,610,441$ 684,680$ 19,173$ (3,973,908)$ 77,340,386$ 4,988,980$ 72,351,406$

AB 1484 Due Diligence Review

The City has entered into an agreement with the State of California, Department of Finance (State) to pay an outstanding amount due from the State's Due Diligence Review. The original amount due was $2,875,912, and the outstanding balance at June 30, 2022 is $0. The City utilized the General Fund to pay off the outstanding balance of $475,912 on February 4, 2022.

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CITY OF BEAUMONT

Notes to the Basic Financial Statements
For the Year Ended June 30, 2022

62 Note 6 - Long-Term Liabilities (Continued)

A. Governmental Activities (Continued)

Lease Liabilities

On July 1, 2021, the City entered into a 5 year lease as Lessee for the use of Police Axon Tasers. An initial lease liability was recorded in the amount of $30,504. As of June 30, 2022, the value of the lease liability is $22,955. The City is required to make annual fixed payments of $7,758. The lease has an interest rate of 0.69%. The equipment estimated useful life was 64 months as of the contract commencement. The value of the right to use asset as of June 30, 2022, of $30,504 with accumulated amortization of $5,724 is included with leased assets, detailed in Note 5.

On July 1, 2021, the City entered into a 48 month lease as Lessee for the use of Batwing lawnmower. An initial lease liability was recorded in the amount of $76,679. As of June 30, 2022, the value of the lease liability is $36,892. The City is required to make monthly fixed payments of $3,727. The lease has an interest rate of 0.188%. The equipment estimated useful life was 58 months as of the contract commencement. The value of the right to use asset as of June 30, 2022, of $80,256 with accumulated amortization of $16,608 is included with leased assets, detailed in Note 5.

On October 1, 2021, the City entered into a 2 year lease as Lessee for the use of Motorola Radio. An initial lease liability was recorded in the amount of $654,176. As of June 30, 2022, the value of the lease liability is $654,176. The City is required to make annual fixed payments of $331,429. The lease has an interest rate of 2.69%. The equipment estimated useful life was 120 months as of the contract commencement. The value of the right to use asset as of June 30, 2022, of $654,176 with accumulated amortization of $49,059 is included with leased assets, detailed in Note 5.

On July 1, 2021, the City entered into a 4 year lease as Lessee for the use of (2) 2020 Ford Police Interceptor Vehicles. An initial lease liability was recorded in the amount of $39,300.

As of June 30, 2022, the value of the lease liability is $20,115. The City is required to make annual fixed payments of $21,088. The lease has an interest rate of 4.84%. The equipment estimated useful life was 60 months as of the contract commencement. The value of the right to use asset as of June 30, 2022, of $39,300 with accumulated amortization of $7,860 is included with leased assets, detailed in Note 5.

On July 1, 2021, the City entered into a 36 month lease as Lessee for the use of Konica Minolta Copiers. An initial lease liability was recorded in the amount of $60,811, with 86% allocated to the General Fund for an initial lease liability of $52,297 and 14% allocated to the Transit Fund for an initial lease liability of $8,514. As of June 30, 2022, the value of the lease liability to the General Fund is $22,470. The City is required to make monthly fixed payments of $2,502 for the General Fund portion. The lease has an interest rate of 0.50%. The equipment estimated useful life was 36 months as of the contract commencement. The value of the right to use asset as of June 30, 2022 is $52,297 with accumulated amortization of $17,430 is included with leased assets, detailed in Note 5.

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CITY OF BEAUMONT

Notes to the Basic Financial Statements
For the Year Ended June 30, 2022

63 Note 6 - Long-Term Liabilities (Continued)

A. Governmental Activities (Continued)

As of June 30, 2022, the City had total outstanding lease liability of $756,608 and right to use asset of $759,852, net of amortization.

Estimated future lease liability requirements are as follows:

Year Ending
June 30, Principal Interest Total
2023 400,909$ 19,156$ 420,065$
2024 347,996 9,261 357,257
2025 7,703 54 7,757
Totals 756,608$ 28,471$ 785,079$

Revenue Bonds

Local Revenue Bonds - 1994

On January 15, 1994, the BFA issued $7,535,000 of 1994 Local Agency Revenue Bonds- Series A and $2,755,000 of 1994 Local Agency Revenue Bonds - Series B (the "Authority Bonds") for the purpose of acquiring the concurrently issued City of Beaumont Community Facilities District No. 93-1 Special Tax Bonds, 1994 Series A (the "District Bonds") in the amount of $9,260,000. Proceeds from the Authority Bonds were used to purchase the District bonds. The bonds were issued to provide the District with funds to design or acquire certain public improvements relating to the District, including water treatment plant facilities and infrastructure.

The Authority Bonds are payable from and secured by repayment of the District Bonds.

Interest was payable on September 1, 1994, and semiannually thereafter on March 1 and September 1 of each year until maturity. Series A Authority Bonds are 7.0% term bonds due September 1, 2023, with sinking payments to be made beginning September 1, 2004. Series B Authority Bonds consist of $365,000 serial bonds maturing annually in amounts between $65,000 and $80,000 from September 1, 1999 through September 1, 2003. Thereafter, $2,390,000 of 7.5% term bonds are due September 1, 2023, with sinking payments to be made beginning September 1, 2004.

Neither the Authority Bonds nor the District Bonds are general obligations of the City nor any other political subdivision and the full faith and credit of the City is not pledged for repayment thereof. The outstanding indebtedness at June 30, 2022, on the Series A Bonds was $1,380,000.

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CITY OF BEAUMONT

Notes to the Basic Financial Statements
For the Year Ended June 30, 2022

64 Note 6 - Long-Term Liabilities (Continued)

A. Governmental Activities (Continued)

District Bonds do not constitute an obligation of the City and the City is not obligated to make payment beyond the special taxes and available bond reserves.

Local Agency Refunding Revenue Bonds - 2015 Series A

On March 17, 2015, the BFA issued $11,110,000 of 2015 Local Agency Revenue Bonds, Series A (the "Authority Bonds") for the purpose of refunding the Beaumont Financing Authority 2005 Local Agency Revenue Bonds Series B.

The Authority Bonds are payable from and secured by repayment of the District Bonds.

Interest is payable semiannually on March 1 and September 1 of each year, commencing September 1, 2015 until maturity or earlier redemption. Interest on the bonds ranges from

2.00% to 5.00%.

The District Bonds do not constitute an obligation of the City and the City is not obligated to make payment beyond the special taxes and available bond reserves.

Local Agency Refunding Revenue Bonds - 2015 Series B

On April 23, 2015, the BFA issued $20,095,000 of 2015 Local Agency Refunding Revenue Bonds, Series B (the "Authority Bonds") for the purpose of refunding the Beaumont Financing Authority 2004 Local Agency Revenue Bonds Series D.

The Authority Bonds are payable from and secured by repayment of the District Bonds.

Interest is payable semiannually on March 1 and September 1 of each year, commencing September 1, 2015 until maturity or earlier redemption. Interest on the bonds ranges from

2.00% to 5.00%.

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CITY OF BEAUMONT

Notes to the Basic Financial Statements
For the Year Ended June 30, 2022

65 Note 6 - Long-Term Liabilities (Continued)

A. Governmental Activities (Continued)

The District Bonds do not constitute an obligation of the City and the City is not obligated to make payment beyond the special taxes and available bond reserves.

Local Agency Refunding Revenue Bonds - 2015 Series C

On May 15, 2015, the BFA issued $5,335,000 of 2015 Local Agency Refunding Revenue Bonds, Series C (the "Authority Bonds") for the purpose of refunding the Beaumont Financing Authority 2004 Local Agency Revenue Bonds Series A.

The Authority Bonds are payable from and secured by repayment of the District Bonds.

Interest is payable semiannually on March 1 and September 1 of each year, commencing September 1, 2015 until maturity or earlier redemption. Interest on the bonds ranges from

2.00% to 4.125%.

The District Bonds do not constitute an obligation of the City and the City is not obligated to make payment beyond the special taxes and available bond reserves.

Local Agency Refunding Revenue Bonds - 2015 Series D

On May 15, 2015, the BFA issued $7,820,000 of 2015 Local Agency Refunding Revenue Bonds, Series D (the "Authority Bonds") for the purpose of refunding the Beaumont Financing Authority 2004 Local Agency Revenue Bonds Series B.

The Authority Bonds are payable from and secured by repayment of the District Bonds.

Interest is payable semiannually on March 1 and September 1 of each year, commencing September 1, 2015 until maturity or earlier redemption. Interest on the bonds ranges from

2.00% to 4.250%.

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CITY OF BEAUMONT

Notes to the Basic Financial Statements
For the Year Ended June 30, 2022

66 Note 6 - Long-Term Liabilities (Continued)

A. Governmental Activities (Continued)

The District Bonds do not constitute an obligation of the City and the City is not obligated to make payment beyond the special taxes and available bond reserves.

Local Agency Refunding Revenue Bonds - 2019 Series A

On August 8, 2019, the BPIA issued $5,375,000 of 2019 Local Agency Refunding Revenue Bonds, Series A (the "Authority Bonds") for the purpose of refunding the Beaumont Financing Authority Local Agency Revenue Bonds Series 2007 A, C and D.

The Authority Bonds are payable from and secured by repayment of the District Bonds.

Interest is payable semiannually on March 1 and September 1 of each year, commencing September 1, 2021 until maturity or earlier redemption. Interest on the bonds ranges from

3.0% to 5.0%.

The District Bonds do not constitute an obligation of the City and the City is not obligated to make payment beyond the special taxes and available bond reserves.

Local Agency Refunding Revenue Bonds - 2020 Series A
On August 13, 2020, the BPIA issued $17,200,000 of 2020 Local Agency Refunding Revenue Bonds, Series A (the “Authority Bonds”) for the purpose of refunding the Beaumont Financing Authority Local Agency Revenue Bonds Series 2011 Series A & B and 2012 Series A.

The Authority Bonds are payable from and secured by repayment of the District Bonds.

Interest is payable semiannually on March 1 and September 1 of each year, commencing March 1, 2021 until maturity or earlier redemption. Interest on the bonds ranges from 0.773% to 2.245%.

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CITY OF BEAUMONT

Notes to the Basic Financial Statements
For the Year Ended June 30, 2022

67 Note 6 - Long-Term Liabilities (Continued)

A. Governmental Activities (Continued)

The District Bonds do not constitute an obligation of the City and the City is not obligated to make payment beyond the special taxes and available bond reserves.

Local Agency Refunding Revenue Bonds - 2021 Series A
On June 30, 2021, the BPIA issued $18,675,000 of 2021 Local Agency Refunding Revenue Bonds, Series A (the “Authority Bonds”) for the purpose of refunding the Beaumont Financing Authority Local Agency Revenue Bonds Series 2012 Series B & C, 2013 Series A & B.

The Authority Bonds are payable from and secured by repayment of the District Bonds.

Interest is payable semiannually on March 1 and September 1 of each year, commencing March 1, 2022 until maturity or earlier redemption. Interest on the bonds ranges from 0.265% to 2.397%.

The District Bonds do not constitute an obligation of the City and the City is not obligated to make payment beyond the special taxes and available bond reserves.

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CITY OF BEAUMONT

Notes to the Basic Financial Statements
For the Year Ended June 30, 2022

68 Note 6 - Long-Term Liabilities (Continued)

A. Governmental Activities (Continued)

Annual Debt Service Requirements to Maturity

The annual debt service requirements to maturity schedule are the annual scheduled debt service under the BFA's Authority Bond indentures as follows:

Year Ending
June 30, Principal Interest Total
2023 4,510,000$ 2,459,866$ 6,969,866$
2024 4,680,000 2,328,375 7,008,375
2025 4,035,000 2,200,431 6,235,431
2026 4,120,000 2,085,463 6,205,463
2027 4,230,000 1,966,529 6,196,529
2028-2032 22,710,000 7,830,524 30,540,524
2033-2037 18,610,000 3,839,949 22,449,949
2038-2042 8,925,000 1,667,305 10,592,305
2043-2047 3,905,000 264,346 4,169,346
Totals 75,725,000$ 24,642,788$ 100,367,788$

B. Business-Type Activities

Summary of changes in long-term liabilities for the business-type activities for the year ended June 30, 2022, is as follows:

Classification
Balance Balance Due Within Due in More
July 1, 2021 Additions Adjustments Deletions June 30, 2022 One Year Than One Year Business-Type Activities:

Wastewater Revenue Bonds 78,860,000$ -$ -$ (1,295,000)$ 77,565,000$ 1,355,000$ 76,210,000$ Bond Premium 7,842,648 - - (625,285) 7,217,363 587,015 6,630,348 Lease Liability 99,305 - (90,791) (4,856) 3,658 3,658 - Total business-type activities 86,801,953$ -$ (90,791)$ (1,925,141)$ 84,786,021$ 1,945,673$ 82,840,348$ Lease Liability

On July 1, 2021, the City entered into a 36 month lease as Lessee for the use of Konica Minolta copiers. An initial lease liability was recorded in the amount of $60,811, with 86% allocated to the General Fund for an initial lease liability of $52,297 and 14% allocated to the Transit Fund for an initial lease liability of $8,514. The lease liability was transferred from the Sewer fund to the Transit fund in FY 22. As of June 30, 2022, the value of the lease liability to the Transit fund is $3,658. The City is required to make monthly fixed payments of $407 for the Transit Fund portion. The lease has an interest rate of 0.50%. The equipment estimated useful life was 36 months as of the contract commencement. The value of the right to use asset as of June 30, 2022 is $8,514 with accumulated amortization of $2,838 is included with leased assets, detailed in Note 5.

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CITY OF BEAUMONT

Notes to the Basic Financial Statements
For the Year Ended June 30, 2022

69 Note 6 - Long-Term Liabilities (Continued)
B. Business-Type Activities (Continued)

Estimated future lease liability requirements are as follows:

Year Ending
June 30, Principal Interest Total
2023 3,658$ 7$ 3,665$
Total 3,658$ 7$ 3,665$

Revenue Bonds

Wastewater Revenue Bonds, Series 2018A

On September 27, 2018, the Beaumont Public Improvement Authority issued $81,105,000 of revenue bonds, to finance the acquisition and construction of certain improvements to the City's Wastewater System and to purchase a debt service reserve surety policy. The bonds were issued at a premium of $9,698,952 which is amortized over the life of the bonds. Interest on the bonds is payable semi-annually on March 1 and September 1 of each year through September 1, 2049. The bonds bear interest ranging from 3% to 5%. Principal payments are due annually beginning on September 1, 2019. The bonds are a special limited obligation of the Authority payable solely from Authority Revenues. The outstanding balance of the Wastewater Revenue Bonds Series 2018A at June 30, 2022 was $77,565,000.

Year Ending
June 30, Principal Interest Total
2023 1,355,000$ 3,718,213$ 5,073,213$
2024 1,425,000 3,648,713 5,073,713
2025 1,495,000 3,575,713 5,070,713
2026 1,570,000 3,499,088 5,069,088
2027 1,655,000 3,418,463 5,073,463
2028-2032 9,605,000 15,751,563 25,356,563
2033-2037 11,975,000 13,374,469 25,349,469
2038-2042 15,040,000 10,316,250 25,356,250
2043-2047 19,315,000 6,043,625 25,358,625
2048-2051 14,130,000 1,083,500 15,213,500
Totals 77,565,000$ 64,429,595$ 141,994,595$

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CITY OF BEAUMONT

Notes to the Basic Financial Statements
For the Year Ended June 30, 2022

70 Note 7 - Debt Without City Commitment

The City authorized the formation of the City of Beaumont Community Facilities District No. 93-1 (the "CFD's") for purpose of the issuance of bonds under improvement acts of the State of California to finance eligible public facilities to serve developing commercial, industrial, residential, and/or mixed use developments. Bonds issued by the CFD are secured by annual special tax levies or liens placed on properties within the CFD. The City, and the BFA, are not liable for repayment and the City, acting as an agent on behalf of the CFD, is only responsible for levying and collecting the special tax assessments, forwarding the collections to the bond trustee on behalf of bondholders, and initiating foreclosure proceedings on faulted special tax payments when necessary.

The bonds issued by the CFD are limited obligations and are payable solely from special tax assessments, specific bond reserves, and the proceeds from property foreclosures. Since these debts do not constitute an obligation of the City or the BFA/BPIA and the City or BFA/BPIA is not obligated to make payments on the bonds, the District Bonds (whose terms are disclosed in Note 6) are not reported as long-term liabilities in the accompanying City financial statements. The activities related to the District Bond reserves, special assessment tax collection, remittance to the bond trustee, repayment of District Bonds and use of new bond proceeds for developer capital projects for infrastructure, are reported in the Fiduciary Funds as an agency fund.

As of June 30, 2022, debt without City or BFA/BPIA commitment is as follows:

Balance
June 30, 2022
1994 Special Tax Bonds, Series A 1,380,000$
2015 Special Tax Bonds, Series A 9,535,000
2015 Special Tax Bonds, Series B 15,215,000
2015 Special Tax Bonds, Series C 3,805,000
2015 Special Tax Bonds, Series D 5,645,000
2019 Refunding Revenue Bonds, Series A 4,755,000
2020 Refunding Revenue Bond, Series A 16,715,000
2021 Refunding Revenue Bond, Series A 18,675,000
Subtotal 75,725,000
2017 Special Tax Refunding Bonds, Series A 78,283,057
2018 Special Tax Bonds, Series A 33,030,000
2018 Special Tax Bonds, 1A 7B 2,025,000
2018 Special Tax Bonds, 1A 7D 3,485,000
2018 Special Tax Bonds, 1A 8E 12,385,000
2019 Special Tax Bonds, 1A 2016-1 8,465,000
Total Limited Obligation Bond Debt 213,398,057$

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CITY OF BEAUMONT

Notes to the Basic Financial Statements
For the Year Ended June 30, 2022

71 Note 8 - Compensated Absences

The City's liability for vested and unpaid compensated absences (vacation and vested sick leave) was $3,304,795 at June 30, 2022.

A. Governmental Activities

For the governmental activities, compensated absences are generally liquidated by the General Fund.

Summary of changes in compensated absences for the year ended June 30, 2022, is as follows:

Classification
Balance Balance Due Within Due in More
July 1, 2021 Additions Deletions June 30, 2022 One Year Than One Year Governmental Activities:

Compensated absences 2,773,231$ 128,994$ -$ 2,902,225$ 362,778$ 2,539,447$ Total governmental activities 2,773,231$ 128,994$ -$ 2,902,225$ 362,778$ 2,539,447$ B. Business-Type Activities

Summary of changes in compensated absences for the year ended June 30, 2022, is as follows:

Classification
Balance Balance Due Within Due in More
July 1, 2021 Additions Deletions June 30, 2022 One Year Than One Year Business-Type Activities:

Compensated absences 374,760$ 27,810$ -$ 402,570$ 50,231$ 352,339$ Total governmental activities 374,760$ 27,810$ -$ 402,570$ 50,231$ 352,339$

Note 9 - Risk Management

The City 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 City, including its component units, uses the General Fund to account for and finance risks for general liability, workers' compensation, and property damage. There were no settlements in excess of insurance coverage in any of the three prior fiscal years. There were no reductions in the City's limits of coverage during the fiscal year ended June 30, 2022.

General Liability and Property Damage Insurance

The City is self-insured to some extent for general liability claims. The City maintains a self-insured retention level of $250,000 for general liability with excess coverage up to $50,000,000, as a participant in the Exclusive Risk Management Authority of California (ERMAC), a Joint Powers Authority. Property damage is also insured through participation in ERMAC.

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CITY OF BEAUMONT

Notes to the Basic Financial Statements
For the Year Ended June 30, 2022

72 Note 9 - Risk Management (Continued)

General Liability and Property Damage Insurance (Continued)

The City has entered into contracts with claims administrators to process claims against the City for general liability claims.

Workers' Compensation

The City of Beaumont maintains a self-insured workers' compensation plan, whereby the City covers the cost of medical claims its employees incur. The City has stop loss coverage for this plan to cover claims in excess of $300,000 per participant per year. The City utilizes a third-party administrator to manage claims in accordance with state law.

Government Crime Policy

The City carries government crime insurance, including faithful performance/employee dishonesty, forgery or alteration, computer fraud, etc., in the amount of $15 million, with a $2,500 deductible.

Changes in the claims liability amounts were as follows:

Current Year
Beginning of Claims and Balance at
Fiscal Year Changes in Claim Fiscal Year
Liability Estimates Payments End
2019-2020 2,807,375$ 1,016,150$ (1,617,130)$ 2,206,395$ 2020-2021 2,206,395 1,675,361 (1,075,636) 2,806,120 2021-2022 2,806,120 84,356 (599,725) 2,290,751

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CITY OF BEAUMONT

Notes to the Basic Financial Statements
For the Year Ended June 30, 2022

73 Note 10 - Pension Plans

A. Summary

Governmental Business-Type
Activities Activities Total
Deferred outflows of resources:

Pension contribution made after measurement date:

CalPERS Miscellaneous 1,220,448$ 447,024$ 1,667,472$ CalPERS Safety 1,921,364 - 1,921,364 Total pension contribution made after measurement date 3,141,812 447,024 3,588,836 Change in Employer's Proportion
CalPERS Miscellaneous 321,918 125,191 447,109 CalPERS Safety 560,062 - 560,062 Total adjustment due to difference in proportions 881,980 125,191 1,007,171 Difference between expected and actual experience:

CalPERS Miscellaneous 317,780 123,581 441,361 CalPERS Safety 975,696 - 975,696 Total difference between expected and actual experience 1,293,476 123,581 1,417,057 Difference between employer's actual contributions and proportionate share of contributions:

CalPERS Miscellaneous 134,947 52,479 187,426 CalPERS Safety 37,082 - 37,082 Total employer contributions in excess of proportionate share of contribution 172,029 52,479 224,508 Total deferred outflows of resources:

CalPERS Miscellaneous 1,995,093 748,275 2,743,368 CalPERS Safety 3,494,204 - 3,494,204 Total deferred outflows of resources 5,489,297$ 748,275$ 6,237,572$ Net pension liabilities:

CalPERS Miscellaneous 2,833,796$ 1,102,031$ 3,935,827$ CalPERS Safety 5,710,864 - 5,710,864 Total net pension liabilities 8,544,660$ 1,102,031$ 9,646,691$

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CITY OF BEAUMONT

Notes to the Basic Financial Statements
For the Year Ended June 30, 2022

74 Note 10 - Pension Plans (Continued)

A. Summary (Continued)

Governmental Business-Type
Activities Activities Total
Deferred inflows of resources:

Projected earnings on pension plan investment in excess of actual earnings:

CalPERS Miscellaneous 1,364,567$ 2,071,202$ 3,435,769$ CalPERS Safety 3,399,062 - 3,399,062 Total projected earnings on pension plan investment in excess of actual earnings 4,763,629 2,071,202 6,834,831 Difference between employer's actual contributions and proportionate share of contributions:

CalPERS Miscellaneous - - - CalPERS Safety 562,322 - 562,322 Total employer contributions in excess of proportionate share of contribution 562,322 - 562,322 Total deferred inflows of resources:

CalPERS Miscellaneous 1,364,567 2,071,202 3,435,769 CalPERS Safety 3,961,384 - 3,961,384 Total deferred inflows of resources 5,325,951$ 2,071,202$ 7,397,153$ Pension expenses:

CalPERS Miscellaneous 116,315$ 36,731$ 153,046$ CalPERS Safety 202,876 - 202,876 Total net pension liabilities 319,191$ 36,731$ 355,922$ B. General Information about the Pension Plans

Plan Description

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

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CITY OF BEAUMONT

Notes to the Basic Financial Statements
For the Year Ended June 30, 2022

75 Note 10 - Pension Plans (Continued)

B. General Information about the Pension Plans (Continued)

Benefit Provided

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

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

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

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

The Plan’s provisions and benefits in effect on June 30, 2022 are summarized as follows:

Miscellaneous Safety
Miscellaneous PEPRA Safety PEPRA
Benefit formula 3.0% @ 60 2.0% @ 62 3.0% @ 50 2.7% @ 57 Benefit vesting schedule 5 years service 5 years service 5 years service 5 years service Benefit payments Monthly for life Monthly for life Monthly for life Monthly for life Retirement age 50-67 52-67 50-55 50-57
Monthly benefits, as a % of
eligible compensation 2.0% to 3.0% 1.0% to 2.5% 3.0% 2.0% to 2.7% Required employer contribution rate 15.25% 7.59% 23.71% 13.13%

Contributions

Section 20814(c) of the California Public Employees’ Retirement Law (PERL) requires that the employer contribution rates for all public employers be determined on an annual basis by the actuary and shall be effective on the July 1 following notice of a change in the rate. The total plan contributions are determined through CalPERS’ annual actuarial valuation process.

For public agency cost-sharing plans covered by either the Miscellaneous or Safety risk pools, the Plan’s actuarially determined rate is based on the estimated amount necessary to pay the Plan’s allocated share of the risk pool’s costs of benefits earned by employees during the year, and any unfunded accrued liability. The employer is required to contribute the difference between the actuarially determined rate and the contribution rate of employees. Employer contribution rates may change if plan contracts are amended.

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CITY OF BEAUMONT

Notes to the Basic Financial Statements
For the Year Ended June 30, 2022

76 Note 10 - Pension Plans (Continued)

B. General Information about the Pension Plans (Continued)

Payments made by the employer to satisfy contribution requirements that are identified by the pension plan terms as plan member contribution requirements are classified as plan member contributions. Employer Contributions to the Plan for the fiscal year ended June 30, 2022 were $1,667,472 and $1,921,364, for the Miscellaneous and Safety plans, respectively. The actual employer payments of $3,346,931 made to CalPERS by the City during the measurement period ended June 30, 2021 differed from the City’s proportionate share of the employer’s contributions of $3,917,898 by $570,967, which is being amortized over the expected average remaining service lifetime in the Public Agency Cost-Sharing Multiple Employer Plan.

C. Net Pension Liability

The City’s net pension liability for the Plan is measured as the total pension liability, less the pension plan’s fiduciary net position. The net pension liability is measured as of June 30, 2021, using an annual actuarial valuation as of June 30, 2020 rolled forward to June 30, 2021 using standard update procedures. A summary of principal assumptions and methods used to determine the net pension liability is as follows.

Actuarial Methods and Assumptions Used to Determine Total Pension Liability

Valuation Date June 30, 2020
Measurement Date June 30, 2021
Actuarial Cost Method Entry Age Normal
Asset Valuation Method Market Value of Assets
Actuarial Assumptions:

Discount Rate 7.15%
Inflation 2.50%
Salary Increases Varies by Entry Age and Service
Mortality Rate Table (1) Derived using CALPERS' membership data for all Funds Post Retirement Benefit
Increase
(1) The mortalitytable used was developed based on CalPERS'specific data.The probabilities ofmortalityare based on the 2017 CalPERS Experience Study for the period from 1997 to 2015. Pre-retirement and Post-retirement mortality rates include 15 years ofprojected mortalityimprovements 90% ofscale MP 2016 published by the Society ofActuaries. For more details on this table, please refer to the CalPERS Experience Study and Review of Actuarial Assumptions report from December 2017 that can be found on the CalPERS website.

The lesser of contract COLA or 2.50% until purchasing power protection allowance floor on purchasing power applies,

2.50% thereafter

All other actuarial assumptions used in the June 30, 2020 valuation were based on the results of an actuarial experience study for the period from 1997 to 2015, including updates to salary increase, mortality and retirement rates. The Experience Study report can be obtained at CalPERS’ website, at www.calpers.ca.gov .

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CITY OF BEAUMONT

Notes to the Basic Financial Statements
For the Year Ended June 30, 2022

77 Note 10 - Pension Plans (Continued)

C. Net Pension Liability (Continued)

Long-term Expected Rate of Return

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

In determining the long-term expected rate of return, CalPERS took into account both short- term and long-term market return expectations as well as the expected pension fund cash flows. Using historical returns of all the funds’ asset classes, expected compound (geometric) returns were calculated over the short-term (first 10 years) and the long-term (11+ years) using a building-block approach. Using the expected nominal returns for both short-term and long-term, the present value of benefits was calculated for each fund. The expected rate of return was set by calculating the rounded single equivalent expected return that arrived at the same present value of benefits for cash flows as the one calculated using both short-term and long-term returns. The expected rate of return was then set equal to the single equivalent rate calculated above and adjusted to account for assumed administrative expenses.

The expected real rates of return by asset class are as follows:

Assumed Asset Real Return Years Real Return Years
Asset Class1 Allocation 1 - 10
2 11 + 3
Public Equity 50.00% 4.80% 5.98%
Fixed Income 28.00% 1.00% 2.62%
Inflation assets 0.00% 0.77% 1.81%
Private equity 8.00% 6.30% 7.23%
Real assets 13.00% 3.75% 4.93%
Liquidity 1.00% 0.00% -0.92%
Total 100%
1 In the System's CAFR, fixed income is included in global debt securities; liquidity is included in short-term investments; inflation assets are included in both global equity securities and global debt securities. 2 An expected inflation of 2.0% used for this period
3 An expected inflation of 2.92% used for this period
Change of Assumptions

There were no changes of assumptions for measurement date June 30, 2021.

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CITY OF BEAUMONT

Notes to the Basic Financial Statements
For the Year Ended June 30, 2022

78 Note 10 - Pension Plans (Continued)

C. Net Pension Liability (Continued)

Discount Rate

The discount rate used to measure the total pension liability for PERF C was 7.15%. The projection of cash flows used to determine the discount rate assumed that contributions from plan members will be made at the current member contribution rates and that contributions from employers will be made at statutorily required rates, actuarially determined. Based on those assumptions, the Plan’s fiduciary net position was projected to be available to make all projected future benefit payments of current plan members. Therefore, the long-term expected rate of return on plan investments was applied to all periods of projected benefit payments to determine the total pension liability.

Subsequent Events

On July 12, 2021, CalPERS reported a preliminary 21.3% net return on investments for fiscal year 2020-21. Based on the thresholds specified in CalPERS Funding Risk Mitigation policy, the excess return of 14.3% prescribes a reduction in investment volatility that corresponds to a reduction in the discount rate used for funding purposes of 0.20%, from 7.00% to 6.80%.

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

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

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

Pension Plan Fiduciary Net Position

Information about the pension plan’s assets, deferred outflows of resources, liabilities, deferred inflows of resources, and fiduciary net position are presented in CalPERS’ audited financial statements, which are publicly available reports that can be obtained at CalPERS’ website, at www.calpers.ca.gov . The plan’s fiduciary net position and additions to/deductions from the plan’s fiduciary net position have been determined on the same basis used by the pension plan, which is the economic resources measurement focus and the accrual basis of accounting. Benefits and refunds are recognized when due and payable in accordance with the terms of the plan. Investments are reported at fair value.

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CITY OF BEAUMONT

Notes to the Basic Financial Statements
For the Year Ended June 30, 2022

79 Note 10 - Pension Plans (Continued)

D. Proportionate Share of Net Pension Liability

The following table shows the Plan’s proportionate share of the net pension liability over the measurement period.

Plan Total Plan Fiduciary Net Pension
Pension Liability Net Position Liability
Miscellaneous
Balance at: 6/30/20 (Valuation date) 36,927,018$ 28,712,241$ 8,214,777$ Balance at: 6/30/21 (Measurement date) 40,128,834 36,193,007 3,935,827 Net changes during 2020-2021 3,201,816$ 7,480,766$ (4,278,950)$ Safety
Balance at: 6/30/20 (Valuation date) 48,078,037$ 36,352,625$ 11,725,412$ Balance at: 6/30/21 (Measurement date) 52,399,728 46,688,864 5,710,864 Net changes during 2020-2021 4,321,691$ 10,336,239$ (6,014,548)$ Increase(Decrease)
Valuation Date (VD), Measurement Date (MD).

The City's net pension liability/(asset) for each Plan is measured as the proportionate share of the net pension liability/(asset). The net pension liability/(asset) of each of the Plans is measured as of June 30, 2021, and the total pension liability/(asset) for each Plan used to calculate the net pension liability/(asset) was determined by an actuarial valuation as of June 30, 2020 rolled forward to June 30, 2021 using standard update procedures. The City's proportion of the net pension liability/(asset) was based on a projection of the City's long-term share of contributions to the pension plans relative to the projected contributions of all participating employers, actuarially determined. The City's proportionate share of the net pension liability/(asset) for each Plan as of June 30, 2020 and 2021 was as follows:

Miscellaneous Safety Total
Proportion - June 30, 2021 0.19475% 0.17600% 0.18327%
Proportion - June 30, 2022 0.20728% 0.16273% 0.17837%
Change - Increase (Decrease) 0.01253% -0.01327% -0.00490%

Page 737 of 877 ends

CITY OF BEAUMONT

Notes to the Basic Financial Statements
For the Year Ended June 30, 2022

80 Note 10 - Pension Plans (Continued)

D. Proportionate Share of Net Pension Liability (Continued)

Sensitivity of the Proportionate Share of the Net Pension Liability to Changes in the Discount Rate

The following presents the City’s proportionate share of the net pension liability of the Plan as of the measurement date, calculated using the discount rate of 7.15 percent, as well as what the net pension liability would be if it were calculated using a discount rate that is 1 percentage-point lower (6.15 percent) or 1 percentage-point higher (8.15 percent) than the current rate:

Plan's Net Pension Liability/(Asset)
Discount Rate - 1% Current Discount Discount Rate + 1%
(6.15%) Rate (7.15%) (8.15%)
Miscellaneous 9,234,074$ 3,935,827$ (444,157)$ Safety 12,764,320 5,710,864 (82,678) Total 21,998,394$ 9,646,691$ (526,835)$

Amortization of Deferred Outflows and Deferred Inflows of Resources

Under GASB 68, gains and losses related to changes in total pension liability and fiduciary net position are recognized in pension expense systematically over time.

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

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

Net difference between
projected and actual earnings
on pension plan investments

5 year straight-line amortization
All other amounts Straight-line amortization over the expected average remaining service lives (EARSL) of all members that
are provided with benefits (active, inactive and
retired) as of the beginning of the measurement
period

The expected average remaining service lifetime (EARSL) is calculated by dividing the total future service years by the total number of plan participants (active, inactive, and retired) in the Public Agency Cost-Sharing Multiple-Employer Plan (PERF C).

Page 738 of 877 ends

CITY OF BEAUMONT

Notes to the Basic Financial Statements
For the Year Ended June 30, 2022

81 Note 10 - Pension Plans (Continued)

D. Proportionate Share of Net Pension Liability (Continued)

The EARSL for PERF C for the measurement period ending June 30, 2021 is 3.7 years, which was obtained by dividing the total service years of 561,622 (the sum of remaining service lifetimes of the active employees) by 150,648 (the total number of participants: active, inactive, and retired) in PERF C. Inactive employees and retirees have remaining service lifetimes equal to 0. Total future service is based on the members’ probability of decrementing due to an event other than receiving a cash refund.

E. Pension Expense and Deferred Outflows and Deferred Inflows of Resources Related to Pensions

As of the start of the measurement period (July 1, 2020), the City’s net pension liability was $8,214,777 and $11,725,412, for the Miscellaneous and Safety plans, respectively. For the measurement period ending June 30, 2021 (the measurement date), the City incurred a pension expense of $153,046 and $202,876, for the Miscellaneous and Safety Plans, respectively.

As of June 30, 2022, the City has deferred outflows and deferred inflows of resources related to pensions as follows:

Miscellaneous Plans
Deferred Outflows Deferred Inflows
of Resources of Resources
Pension contributions made subsequent to measurement date 1,667,472$ -$ Difference between projected and actual earning on
pension plan investments - 3,435,769 Change in Employer's Proportion 447,109 - Changes in assumptions - -
Difference between actual and expected experience 441,361 - Difference between employer's actual contributions
and proportionate share of contributions 187,426 - Totals 2,743,368$ 3,435,769$
Safety Plans
Deferred Outflows Deferred Inflows
of Resources of Resources
Pension contributions made subsequent to measurement date 1,921,364$ -$ Difference between projected and actual earning on
pension plan investments - 3,399,062 Change in Employer's Proportion 560,062 562,322 Changes in assumptions - -
Difference between actual and expected experience 975,696 - Difference between employer's actual contributions
and proportionate share of contributions 37,082 - Totals 3,494,204$ 3,961,384$

Page 739 of 877 ends

CITY OF BEAUMONT

Notes to the Basic Financial Statements
For the Year Ended June 30, 2022

82 Note 10 - Pension Plans (Continued)

E. Pension Expense and Deferred Outflows and Deferred Inflows of Resources Related to Pensions (Continued)

The amounts above are net of outflows and inflows recognized in the 2020-21 measurement period expense. Contributions subsequent to the measurement date of $1,667,472 and $1,921,364, for the Miscellaneous and Safety Plans, respectively reported with deferred outflows of resources will be recognized as a reduction of the net pension liability in the upcoming fiscal year.

Other amounts reported as deferred outflows and deferred inflows of resources related to pensions will be recognized in future pension expense as follows:

Year Ended Miscellaneous Safety
June 30, Plans Plans Total
2023 (303,962)$ (289,655)$ (593,617)$
2024 (441,131) (463,727) (904,858)
2025 (665,310) (699,787) (1,365,097) 2026 (949,470) (935,375) (1,884,845) 2027 - - -
Thereafter - - -
Totals (2,359,873)$ (2,388,544)$ (4,748,417)$

F. Payable to the Pension Plan

The City had no outstanding amounts owed to the pension plan for contributions for the year ended June 30, 2022.

Note 11 - Other Required Disclosures

A. Deficit Fund Balances

At June 30, 2022, the following governmental funds had deficit fund balances:

Fund Fund Type Deficit
Other Federal Grants Fund Non-Major fund (180,661)$
The Other Federal Grants fund has a deficit fund balance as a result of receivables for grant incurred costs that had not been received within the reporting period.

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CITY OF BEAUMONT

Notes to the Basic Financial Statements
For the Year Ended June 30, 2022

83 Note 11 - Other Required Disclosures (Continued)

B. Expenditures Exceeding Appropriations

For the year ended June 30, 2022, expenditures exceeded appropriations in the following functions for the following:

Excess
Fund Function Expenditures
General fund Capital outlay (767,402)$
General fund Public Safety: Police department (169,087) General fund Public Safety: K-9 Unit (337)
General fund Community services: parks and recreation (356,527) General Capital project fund Capital outlay (2,157,115) Beaumont Financing Authority Interest and fiscal charges (1,854,024) Other Federal Grants fund Public safety (114,674)
COPS Grant fund Public safety (898)
State Asset Seizure fund Public safety (350)
Other special revenue fund Public safety (12,198)
The budget was established in a manner different than the reporting, and though certain line items were over the departments were within total budget appropriation. Future budgets will consider all reporting elements for proper alignment. The capital budget includes estimated resources and capital expenditures based on the first year of the current capital improvements plan. The expenses are not always in the first year of the plan.

Note 12 - Equity Classification

A. Fund Balances

Major Funds
Community Beaumont
Development Facilities Financing
Impact Fees (DIF) District (CFD) General Authority Other General Special Revenue Capital Projects Capital Projects Debt Service Governmental Fund Fund Fund Fund Fund Funds Total
Nonspendable:

Prepaid expenditures 61,292$ -$ -$ -$ 287,125$ -$ 348,417$ Total nonspendable 61,292 - - - 287,125 - 348,417 Restricted
State Gas Tax - - - - - 69,599 69,599 RMRA - - - - - 1,117,898 1,117,898 Measure A - - - - - 1,955,121 1,955,121 AB 2766 - - - - - 343,995 343,995 PEG Fees - - - - - 27,707 27,707 COPS Grant - - - - - 452,899 452,899 State Asset Forfeiture - - - - - 295,024 295,024 Federal Asset Forfeiture - - - - - 6,036 6,036 Other Special Projects - - - - - 320,425 320,425 Capital Projects - 11,119,874 13,016,221 - - - 24,136,095 Debt Service - - - - 80,287,587 - 80,287,587 Community Facilities Districts - - - - - 2,274,176 2,274,176 Investment in Section 115 Trust 2,344,101 - - - - - 2,344,101 Total restricted 2,344,101 11,119,874 13,016,221 - 80,287,587 6,862,880 113,630,663 Committed:

Capital Projects - - - 8,345,917 - - 8,345,917 Self Insurance 2,154,152 - - - - - 2,154,152 Pension Trust Funding - - - - - - - Total Committed 2,154,152 - - 8,345,917 - - 10,500,069 Assigned:

Re-appropriation 796,780 - - - - - 796,780 Total Assigned 796,780 - - - - - 796,780 Unassigned 40,317,103 - - - - (180,661) 40,136,442 Total Fund Balances 45,673,428$ 11,119,874$ 13,016,221$ 8,345,917$ 80,574,712$ 6,682,219$ 165,412,371$

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CITY OF BEAUMONT

Notes to the Basic Financial Statements
For the Year Ended June 30, 2022

84 Note 12 - Equity Classification (Continued)

B. Net Position

Governmental Activities

Net Investment in Capital Assets

Net position for governmental activities and business-type activities is classified as 1) net investment in capital assets, 2) restricted, or 3) unrestricted. Net position that was classified as net investment in capital assets as of June 30, 2022, was determined as follows:

Governmental
Activities
Capital assets, net of accumulated depreciation 287,570,305$ Less capital related debt balance:

Outstanding principal balance of lease liability (756,608) Outstanding principal balance of Beaumont Public Financing Authority debt (76,583,778) Net investment in capital assets 210,229,919$

Business-type Activities

Total
Sewer Transit Enterprise
Fund Fund Funds
Capital assets, net of accumulated depreciation 216,390,917$ 2,745,909$ 219,136,826$ Plus (less) capital related debt balance:

Capital related borrowings (77,565,000) - (77,565,000) Outstanding unamortized bond premium balance (7,217,363) - (7,217,363) Outstanding balance of lease liability - (3,658) (3,658) Net investment in capital assets 131,608,554$ 2,742,251$ 134,350,805$ Business-type Activities

Note 13 - Commitments and Contingencies

A. Litigation

The City is a defendant in a number of lawsuits and a recipient of a number of claims that have arisen in the normal course of business. While substantial damages are alleged in some of these actions, their outcome cannot be predicted with certainty.

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CITY OF BEAUMONT

Notes to the Basic Financial Statements
For the Year Ended June 30, 2022

85 Note 13 - Commitments and Contingencies (Continued)

B. Grants

Amounts received or receivable from granting agencies are subject to audit and adjustment by grantor agencies. While no matters of non-compliance were disclosed by the audit of the financial statements or single audit of the Federal grant programs, grantor agencies may subject grant programs to additional compliance tests, which may result in disallowed costs.

In the opinion of management, future disallowances of current or prior grant expenditures, if any, would not have a material adverse effect on the financial position of the City.

C. Construction Commitments

Various construction projects in all fund types were in progress at June 30, 2022 with a planned cost to complete of approximately $50,562,048.

D. WRCOG Restated Settlement Agreement

In May 2017, the City and Western Riverside Council of Governments ("WRCOG") entered into an Amended and Restated Settlement Agreement and Release (the "WRCOG Settlement"), which resolved the approximately $62 million judgment WRCOG had obtained against the City. Under the terms of the WRCOG Settlement, the City and WRCOG agreed that the City would rejoin WRCOG and adopt the WRCOG TUMF ordinance. Since the settlement, the City rejoined WRCOG and the TUMF program and as a result, and pursuant to the WRCOG Settlement, the City is now eligible to receive Measure A revenues from the Riverside County Transportation Commission (RCTC) based on the following schedule:

Period WRCOG* City
Approval Date thru 5th Anniversary of Approval 0% 100%
Second five year period 25% 75%
Third five year period 40% 60%
Fourth five year period 60% 40%
End of fourth five year period through June 2039 75% 25% *WRCOG's share of Measure A revenues shall not exceed a total of $9,400,000

In October 2017, the City segregated $3,000,000, designated for funding Pennsylvania Avenue improvements in accordance with the agreement. The City agreed to complete needed transportation improvements as follows:

Improvement Estimated Cost Completion Deadline
Oak Valley Parkway, Segments 3, 4, and 15 1,200,000$ By January 1, 2022 Pennsylvania Avenue 3,800,000 None

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CITY OF BEAUMONT

Notes to the Basic Financial Statements
For the Year Ended June 30, 2022

86 Note 13 - Commitments and Contingencies (Continued)

D. WRCOG Restated Settlement Agreement (Continued)

The City also agreed to assign Third Party Claims to WRCOG to diligently pursue civil lawsuits and through requests/applications for restitution in the criminal actions pending against Third Parties. Recovery related to Third Party Claims would be shared on the following schedule:

Recovery Amount WRCOG City**
First $9,000,000 100% 0%
$9,000,001 - $12,000,000 85% 15%
$12,000,001 - $18,000,000 65% 35%
$18,000,001 and above 50% 50%
**City guarantees $7,000,000 recovery to WRCOG and will pay 50% of the legal fees not to exceed $1,000,000

The settlement agreement stipulates that if Third Party Claims have not produced recoveries of at least $8,000,000 by July 2, 2022, the City will begin making payments to WRCOG in 20 equal annual installments beginning August 1, 2022. Any subsequent recoveries would adjust the annual installments as necessary. As of June 30, 2021, recoveries are approximately $14 million. The City continues to share in recoveries at the 35% rate until recoveries total $18 million at which time the City will begin collecting 50% of any recoveries. The City now shares in recoveries based on the settlement agreement; therefore, a liability has not been accrued.

Additionally, in October 2017, two of the seven criminal cases were resolved with guilty pleas with a restitution payment due to the City of $3,000,000. In December 2017, four more of the seven criminal cases were resolved with guilty pleas and restitution payments due of another $8,000,000. The last case was settled in September 2018 with a guilty plea.

WRCOG has released and discharged the City from the WRCOG judgment and Attorneys' Fee Award and interest, which collectively exceeded $62 million. WRCOG and the City also agreed that the litigation, judgment and pending appeals would be dismissed thereby ending the litigation between WRCOG and the City.

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CITY OF BEAUMONT

Notes to the Basic Financial Statements
For the Year Ended June 30, 2022

87 Note 14 – Prior Period Adjustment

A. Error Correction

In fiscal year 21, the 4th quarter Fire services was mistakenly accrued twice, resulting in an overstatement of expenses. There was also a recording error in fiscal year 21, workers compensation expense, which understated expenses. The net of these 2 items results in the prior period adjustment to correct equity.

Governmental Funds
General Fund
Fund balance, beginning of year, as previously reported 23,394,234$ Prior period restatement 239,042
Fund balance, beginning of year, as restated 23,633,276$ Governmental Activities
Net position, beginning of year, as previously reported 333,429,895$ Prior period restatement 239,042
Net position, beginning of year, as restated 333,668,937$

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Required Supplementary Information (Unaudited)

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CITY OF BEAUMONT

Budgetary Information
For the Year Ended June 30, 2022

88 Note 1 – Budgetary Information

The City Council approves each year’s budget submitted by the City Manager prior to the beginning of the new fiscal year. Public hearings are conducted prior to its adoption by the Council. All supplementary appropriations, where required during the period, are also approved by the Council. Intradepartmental budget transfers are approved by the City Manager. In most cases, expenditures may not exceed appropriations at the departmental level within the General Fund and at the fund level for other major special revenue funds. At fiscal year-end, all operating budget appropriations lapse.

Budgets for governmental funds are adopted on a basis consistent with generally accepted accounting principles (GAAP).

Budgets were adopted for the General Fund, special revenue funds, and capital projects funds with the exception of the Federal Asset Seizure Special Revenue Fund.

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CITY OF BEAUMONT

Budgetary Comparison Schedule
General Fund
For the Year Ended June 30, 2022

89 Actual Variance with
Original Final Amounts Final Budget
REVENUES:

Taxes 15,478,017$ 16,789,202$ 34,846,091$ 18,056,889$ Franchise fees 3,111,474 3,111,474 3,164,944 53,470 Intergovernmental 6,059,135 6,059,135 6,307,226 248,091 License and permits 3,935,340 4,096,540 4,997,452 900,912 Fines and forfeitures 461,303 461,303 425,252 (36,051) Assessments levied 652,904 652,904 676,180 23,276 Use of money and property 406,020 406,020 (1,407,979) (1,813,999) Charges for services 1,413,444 1,413,444 1,595,732 182,288 Other revenues 134,000 169,000 626,268 457,268 Total revenues 31,651,637 33,159,022 51,231,166 18,072,144 EXPENDITURES:

Current:

General government
City council 43,053 43,053 33,093 9,960
City clerk 194,072 203,272 187,057 16,215
Administration services 2,127,135 2,664,181 1,126,075 1,538,106 Finance and budget 2,751,687 2,765,526 2,267,146 498,380 Information Technology 1,570,065 1,588,120 1,220,860 367,260 HR / Risk Management 2,429,971 2,509,235 2,451,171 58,064 Nondepartmental - 728,468 702,977 25,491 Public safety
Animal control 341,164 341,164 317,661 23,503
Office of Emergency 171,900 171,900 142,389 29,511
Police department 11,466,564 11,835,999 12,005,086 (169,087) K-9 Unit 11,100 11,100 11,437 (337)
Police support 1,842,466 1,871,392 1,599,647 271,745
Fire 4,070,579 4,140,519 4,011,369 129,150
Nondepartmental 10,498 10,498 10,498 -
Public works
Public works 1,573,316 1,771,099 1,141,706 629,393 Street maintenance 1,908,695 1,915,350 1,644,914 270,436 Community development
Planning and community development 519,337 540,601 480,532 60,069 Community enhancement 309,521 309,521 200,380 109,141
Building and safety 1,451,409 1,451,409 1,381,255 70,154 Community services
Parks and recreation 339,095 339,095 695,622 (356,527)
Building maintenance 487,926 573,845 557,249 16,596
Parks and ground maintenance 3,857,893 4,365,657 3,448,831 916,826 Capital outlay 400,284 1,044,428 1,811,830 (767,402) Debt service:

Principal 99,925 99,925 99,925 - Interest 3,666 3,666 3,666 - Total Expenditures 37,981,321 41,299,023 37,552,376 3,746,647

REVENUES OVER (UNDER)
EXPENDITURES (6,329,684) (8,140,001) 13,678,790 21,818,791 OTHER FINANCING SOURCES (USES):

Lease acquisition - - 856,533 856,533 Proceeds from sale of property - - 24,471 24,471 Transfers in 6,501,175 6,609,135 7,591,630 982,495 Transfers (out) (445,271) (449,166) (111,272) 337,894 Total other financing sources 6,055,904 6,159,969 8,361,362 2,201,393 Net change in fund balance (273,780)$ (1,980,032)$ 22,040,152 24,020,184$ FUND BALANCE:

Beginning of year, as restated 23,633,276
End of year 45,673,428$
Budgeted Amounts

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CITY OF BEAUMONT

Budgetary Comparison Schedule
Development Impact Fees (DIF) Special Revenue Fund
For the Year Ended June 30, 2022

90 Actual Variance with
Original Final Amounts Final Budget
REVENUES:

License and permits 3,690,006$ 3,690,006$ 7,883,553$ 4,193,547$ Use of money and property 131,232 131,232 84,035 (47,197) Total revenues 3,821,238 3,821,238 7,967,588 4,146,350

REVENUES OVER (UNDER)
EXPENDITURES 3,821,238 3,821,238 7,967,588 4,146,350 OTHER FINANCING SOURCES (USES):

Transfers in - - 533,502 533,502 Transfers (out) (150,000) (150,000) (726,368) (576,368) Total other financing sources (uses)(150,000) (150,000) (192,866) (42,866) Net change in fund balance 3,671,238$ 3,671,238$ 7,774,722 4,103,484$ FUND BALANCE:

Beginning of year 3,345,152
End of year 11,119,874$
Budgeted Amounts

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CITY OF BEAUMONT

Schedule of Proportionate Share of the Net Pension Liability and Related Ratios Last Ten Years
For the Year Ended June 30, 2022

91 Miscellaneous Plan
Employer's
Proportionate
Share of the
Collective Net Pension's Plans
Employer's Employer's Pension Liability Fiduciary Net
Proportion of Proportion as a Percentage Position as a
the Collective Share of the of the Employer's Percentage of Net Pension Collective Net Employer's Covered the Total Liability Pension Liability Covered Payroll Payroll Pension Liability 6/30/2014 0.65770% 4,092,766$ 5,932,314$ 68.99% 78.28% 6/30/2015 0.16067% 4,407,926 5,411,229 81.46% 78.45% 6/30/2016 0.16750% 5,818,570 4,722,459 123.21% 73.82% 6/30/2017 0.17352% 6,840,289 4,864,133 140.63% 72.89% 6/30/2018 0.17792% 6,705,339 5,052,100 132.72% 74.82% 6/30/2019 0.18574% 7,438,139 5,203,663 142.94% 78.16% 6/30/2020 0.19475% 8,214,777 5,145,199 159.66% 77.75% 6/30/2021 0.20728% 3,935,827 8,181,668 48.11% 90.19% 1 Proportion of the net pension liability represents the plan's proportion of PERF C, which includes both the Miscellaneous and Safety Risk Pools excluding the 1959 Survivors Risk Pool.

Measurement
Date
* Measurement date 6/30/2014 (fiscal year 2015) was the first year of implementation.

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CITY OF BEAUMONT

Schedule of Proportionate Share of the Net Pension Liability and Related Ratios (Continued)
Last Ten Years
For the Year Ended June 30, 2022

92 Safety Plan
Employer's
Proportionate
Share of the
Collective Net Pension's Plans
Employer's Employer's Pension Liability Fiduciary Net
Proportion of Proportion as a Percentage Position as a
the Collective Share of the of the Employer's Percentage of Net Pension Collective Net Employer's Covered the Total Liability Pension Liability Covered Payroll Payroll Pension Liability 6/30/2014 0.11126% 6,923,153$ 4,232,207$ 163.58% 76.98% 6/30/2015 0.17862% 7,359,819 4,134,515 178.01% 77.95% 6/30/2016 0.17381% 9,002,206 3,613,896 249.10% 74.79% 6/30/2017 0.17034% 10,177,973 3,722,313 273.43% 73.93% 6/30/2018 0.17176% 10,078,078 3,862,606 260.91% 75.38% 6/30/2019 0.17251% 10,769,243 3,978,484 270.69% 75.68% 6/30/2020 0.17600% 11,725,412 3,676,631 318.92% 75.61% 6/30/2021 0.16273% 5,710,864 4,334,892 131.74% 89.10% 1 Proportion of the net pension liability represents the plan's proportion of PERF C, which includes both the Miscellaneous and Safety Risk Pools excluding the 1959 Survivors Risk Pool.

Measurement
Date
* Measurement date 6/30/2014 (fiscal year 2015) was the first year of implementation.

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CITY OF BEAUMONT

Schedule of Pension Plan Contributions
Last Ten Years
For the Year Ended June 30, 2022

93 Miscellaneous Plan
Contribution in
Relation to the Contributions as
Contractually Contractually Contribution a Percentage of Determined Determined Deficiency Employer's Covered
Contributions Contributions
1 (Excess) Covered Payroll Payroll
2013-14 996,243$ (996,243)$ -$ 5,932,314$ 16.79% 2014-15 962,897 (962,897) - 5,411,229 17.79% 2015-16 732,914 (732,914) - 4,722,459 15.52% 2016-17 816,082 (816,082) - 4,864,133 16.78% 2017-18 956,792 (956,792) - 5,052,100 18.94% 2018-19 1,156,583 (1,156,583) - 5,203,663 22.23% 2019-20 1,390,388 (1,390,388) - 5,145,199 27.02% 2020-21 1,595,185 (1,595,185) - 8,181,668 19.50% 2021-22 1,667,472 (1,667,472) - 8,512,450 19.59% * Measurement date 6/30/2014 (fiscal year 2015) was the first year of implementation.

Notes to Schedule:
1Employers are assumed to make contributions equal to the actuarially determined contributions.

However, some employers may choose to make additional contributions towards their unfunded liability.

Employer contributions for such plans exceed the actuarially determined contributions.

Fiscal Year
Changes in Assumptions: There were no assumption changes for 2021. For 2020, the Plan adopted a new amortization policy effective with the 2019 actuarial valuation. The new amortization policy shortens the period over which actuarial gains and losses are amortized from 30 years to 20 years with the payments computed as a level dollar amount. In addition, the new policy does not utilize a five-year ramp-up and ramp-down on UAL bases attributable to assumption changes and non-investment gains/losses. The new policy also does not utilize a five-year ramp-down on investment gains/losses.

There were no changes in the discount rate in 2019. In 2017, the accounting discount rate was reduced from 7.65 percent to 7.15 percent. In 2016, there were no changes in the discount rate. In 2015, amounts reported reflect an adjustment of the discount rate from 7.5 percent (net of administrative expense) to 7.65 percent (without a reduction for pension plan administrative expense). In 2014, amounts reported were based on the 7.5 percent discount rate.

Changes in Benefit Terms: There were no changes to benefit terms that applied to all members of the Public Agency Pool. Additionally, the figures above do not include any liability impact that may have resulted from Golden Handshakes that occurred after the June 30, 2020 valuation date, unless the liability im pact is deemed to be material to the Public Agenc y Pool.

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CITY OF BEAUMONT

Schedule of Pension Plan Contributions (Continued)
Last Ten Years
For the Year Ended June 30, 2022

94 Safety Plan
Contribution in
Relation to the Contributions as
Contractually Contractually Contribution a Percentage of Determined Determined Deficiency Employer's Covered
Contributions Contributions
1 (Excess) Covered Payroll Payroll
2013-14 1,421,157$ (1,421,157)$ -$ 4,232,207$ 33.58% 2014-15 1,356,940 (1,356,940) - 4,134,515 32.82% 2015-16 1,181,118 (1,181,118) - 3,613,896 32.68% 2016-17 1,281,860 (1,281,860) - 3,722,313 34.44% 2017-18 1,402,549 (1,402,549) - 3,862,606 36.31% 2018-19 1,645,661 (1,645,661) - 3,978,484 41.36% 2019-20 1,838,564 (1,838,564) - 3,676,631 50.01% 2020-21 1,751,746 (1,751,746) - 4,334,892 40.41% 2021-22 1,921,364 (1,921,364) - 5,303,955 36.23% * Measurement date 6/30/2014 (fiscal year 2015) was the first year of implementation.

Notes to Schedule:
1Employers are assumed to make contributions equal to the actuarially determined contributions.

However, some employers may choose to make additional contributions towards their unfunded liability. Employer contributions for such plans exceed the actuarially determined contributions.

Fiscal Year
Changes in Assumptions: There were no assumption changes for 2021. For 2020, the Plan adopted a new amortization policy effective with the 2019 actuarial valuation. The new amortization policy shortens the period over which actuarial gains and losses are amortized from 30 years to 20 years with the payments computed as a level dollar amount. In addition, the new policy does not utilize a five- year ramp-up and ramp-down on UAL bases attributable to assumption changes and non-investment gains/losses. The new policy also does not utilize a five-year ramp-down on investment gains/losses.

These changes apply only to new UAL bases established on or after June 30, 2019. There were no changes in assumptions in 2019. In 2018, demographic assumptions and inflation rate were changed in accordance to the CalPERS Experience Study and Review of Actuarial Assumptions December 2017. There were no changes in the discount rate in 2019. In 2017, the accounting discount rate was reduced from 7.65 percent to 7.15 percent. In 2016, there were no changes in the discount rate. In 2015, amounts reported reflect an adjustment of the discount rate from 7.5 percent (net of administrative expense) to 7.65 percent (without a reduction for pension plan administrative expense).

In 2014, amounts reported were based on the 7.5 percent discount rate.

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Supplementary Information

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Major Governmental Funds
Budgetary Comparison Schedule

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CITY OF BEAUMONT

Major Governmental Fund Budgetary Comparison Schedule
Community Facilities District (CFD) - Capital Projects Fund For the Year Ended June 30, 2022

95 Actual Variance with
Original Final Amounts Final Budget
REVENUES:

Assessments levied 177,685$ 177,685$ -$ (177,685)$ Use of money and property 40,000 40,000 23,142 (16,858) Total revenues 217,685 217,685 23,142 (194,543)

REVENUES OVER (UNDER)
EXPENDITURES 217,685 217,685 23,142 (194,543) OTHER FINANCING SOURCES (USES):

Transfers in - - - - Transfers (out) (250,000) (3,349,000) (681,250) 2,667,750 Total other financing sources (250,000) (3,349,000) (681,250) 2,667,750 Net change in fund balance (32,315)$ (3,131,315)$ (658,108) 2,473,207$ FUND BALANCE:

Beginning of year 13,674,329
End of year 13,016,221$
Budgeted Amounts

Page 759 of 877 ends

CITY OF BEAUMONT

Major Governmental Fund Budgetary Comparison Schedule
General Capital Projects - Capital Projects Fund
For the Year Ended June 30, 2022

96 Actual Variance with
Original Final Amounts Final Budget
REVENUES:

Intergovernmental -$ -$ 72,694$ 72,694$ Use of money and property - - 10,221 10,221 Other revenues - - 58,594 58,594 Total revenues - - 141,509 141,509 EXPENDITURES:

Capital outlay 3,783,340 4,754,322 6,911,437 (2,157,115) Total Expenditures 3,783,340 4,754,322 6,911,437 (2,157,115)

REVENUES OVER (UNDER)
EXPENDITURES (3,783,340) (4,754,322) (6,769,928) (2,015,606) OTHER FINANCING SOURCES (USES):

Transfers in 3,783,340 5,820,020 4,793,723 (1,026,297) Transfers (out) (445,271) - (309,350) (309,350) Total other financing sources 3,338,069 5,820,020 4,484,373 (1,335,647) Net change in fund balance (445,271)$ 1,065,698$ (2,285,555) (3,351,253)$ FUND BALANCE:

Beginning of year 10,631,472
End of year 8,345,917$
Budgeted Amounts

Page 760 of 877 ends

CITY OF BEAUMONT

Major Governmental Fund Budgetary Comparison Schedule
Beaumont Financing Authority – Debt Service Fund
For the Year Ended June 30, 2022

97 Actual Variance with
Original Final Amounts Final Budget
REVENUES:

Use of money and property 7,272,279$ 7,272,279$ 2,510,301$ (4,761,978)$ Total revenues 7,272,279 7,272,279 2,510,301 (4,761,978) EXPENDITURES:

Debt service:

Principal 4,030,000 4,030,000 3,020,000 1,010,000 Interest and fiscal charges 3,242,279 3,242,279 5,096,303 (1,854,024) Total Expenditures 7,272,279 7,272,279 8,116,303 (844,024)

REVENUES OVER (UNDER)
EXPENDITURES - - (5,606,002) (5,606,002) Net change in fund balance -$ -$ (5,606,002) (5,606,002)$ FUND BALANCE:

Beginning of year 86,180,714
End of year 80,574,712$
Budgeted Amounts

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Non-Major Governmental Funds
Combining Schedules

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CITY OF BEAUMONT

Combining Balance Sheet
Non-Major Governmental Funds
June 30, 2022

98 Special Revenue Funds
Road Maintenance
State Gas and Rehabilitation Measure A AB 2766
Tax Fund Act Fund Fund Fund
ASSETS
Cash and investments 69,599$ 1,019,681$ 1,672,945$ 343,995$ Receivables:

Accounts - - - - Due from other governments - 98,217 282,176 - Total assets 69,599$ 1,117,898$ 1,955,121$ 343,995$

LIABILITIES, DEFERRED INFLOWS

OF RESOURCES AND FUND BALANCES
Liabilities:

Accounts payable and accrued liabilities -$ -$ -$ -$ Deposits payable - - - - Unearned revenue - - - - Total liabilities - - - - Deferred Inflows of Resources:

Unavailable revenue - - - - Total deferred inflows of resources - - - - Fund Balances (deficit):

Restricted 69,599 1,117,898 1,955,121 343,995 Unassigned - - - - Total fund balances 69,599 1,117,898 1,955,121 343,995 Total liabilities, deferred inflows
of resources and fund balances 69,599$ 1,117,898$ 1,955,121$ 343,995$

Page 764 of 877 ends

CITY OF BEAUMONT

Combining Balance Sheet (Continued)
Non-Major Governmental Funds
June 30, 2022

99 Special Revenue Funds
Other Federal COPS State
PEG Fees Grants Grant Asset Seizure
Fund Fund Fund Fund
ASSETS
Cash and investments 23,142$ 5,142,888$ 452,899$ 342,283$ Receivables:

Accounts 5,136 - - - Due from other governments - 316,300 - - Total assets 28,278$ 5,459,188$ 452,899$ 342,283$

LIABILITIES, DEFERRED INFLOWS

OF RESOURCES AND FUND BALANCES
Liabilities:

Accounts payable and accrued liabilities 571$ 13,748$ -$ 38,221$ Deposits payable - - - - Unearned revenue - 5,446,343 - 9,038 Total liabilities 571 5,460,091 - 47,259 Deferred Inflows of Resources:

Unavailable revenue - 179,758 - - Total deferred inflows of resources - 179,758 - - Fund Balances (deficit):

Restricted 27,707 - 452,899 295,024 Unassigned - (180,661) - - Total fund balances 27,707 (180,661) 452,899 295,024 Total liabilities, deferred inflows
of resources and fund balances 28,278$ 5,459,188$ 452,899$ 342,283$

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CITY OF BEAUMONT

Combining Balance Sheet (Continued)
Non-Major Governmental Funds
June 30, 2022

100
Federal Other Total Other
Asset Seizure Special Revenue Community Facilities Governmental Fund Fund District (CFD) Funds
ASSETS
Cash and investments 6,036$ 375,880$ 2,319,609$ 11,768,957$ Receivables:

Accounts - - - 5,136 Due from other governments - - 70,183 766,876 Total assets 6,036$ 375,880$ 2,389,792$ 12,540,969$

LIABILITIES, DEFERRED INFLOWS

OF RESOURCES AND FUND BALANCES
Liabilities:

Accounts payable and accrued liabilities -$ 623$ 4,227$ 57,390$ Deposits payable - - 111,389 111,389 Unearned revenue - 54,832 - 5,510,213 Total liabilities - 55,455 115,616 5,678,992 Deferred Inflows of Resources:

Unavailable revenue - - - 179,758 Total deferred inflows of resources - - - 179,758 Fund Balances (deficit):

Restricted 6,036 320,425 2,274,176 6,862,880 Unassigned - - - (180,661) Total fund balances 6,036 320,425 2,274,176 6,682,219 Total liabilities, deferred inflows
of resources and fund balances 6,036$ 375,880$ 2,389,792$ 12,540,969$ Special Revenue Funds

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CITY OF BEAUMONT

Combining Statement of Revenues, Expenditures, and Changes in Fund Balances Non-Major Governmental Funds
For the Year Ended June 30, 2022

101
Special Revenue Funds
Road Maintenance
State Gas and Rehabilitation Measure A AB 2766
Tax Fund Act Fund Fund Fund
REVENUES:

Taxes -$ -$ 1,519,954$ -$ Intergovernmental 1,152,141 1,059,815 - 50,460 License and permits - - - - Assessments levied - - - - Use of money and property 1,203 1,694 5,293 1,084 Other revenues - - - - Total revenues 1,153,344 1,061,509 1,525,247 51,544 EXPENDITURES:

Current:

General Government - - - - Public safety - - - 96,780 Community development - - - 68,196 Total expenditures - - - 164,976

REVENUES OVER
(UNDER) EXPENDITURES 1,153,344 1,061,509 1,525,247 (113,432) OTHER FINANCING SOURCES (USES):

Transfers in - - - - Transfers (out) (1,242,846) (1,381,281) (2,138,927) (164,503) Total other financing sources (uses)(1,242,846) (1,381,281) (2,138,927) (164,503) Net changes in fund balances (89,502) (319,772) (613,680) (277,935) FUND BALANCES (DEFICIT):

Beginning of year 159,101 1,437,670 2,568,801 621,930 End of year 69,599$ 1,117,898$ 1,955,121$ 343,995$

Page 767 of 877 ends

CITY OF BEAUMONT

Combining Statement of Revenues, Expenditures, and Changes in Fund Balances (Continued)
Non-Major Governmental Funds
For the Year Ended June 30, 2022

102
Special Revenue Funds
Other Federal COPS State
PEG Fees Grants Grant Asset Seizure
Fund Fund Fund Fund
REVENUES:

Taxes -$ -$ -$ -$ Intergovernmental - 72,003 161,285 - License and permits 21,517 - - - Assessments levied - - - - Use of money and property 54 5,976 1,054 360 Other revenues - - - - Total revenues 21,571 77,979 162,339 360 EXPENDITURES:

Current:

General Government 17,539 - - - Public safety - 114,674 898 350 Community development - 39,216 - - Total expenditures 17,539 153,890 898 350

REVENUES OVER
(UNDER) EXPENDITURES 4,032 (75,911) 161,441 10 OTHER FINANCING SOURCES (USES):

Transfers in - 112,817 - - Transfers (out) - (132,570) (21,883) - Total other financing sources (uses)- (19,753) (21,883) - Net changes in fund balances 4,032 (95,664) 139,558 10 FUND BALANCES (DEFICIT):

Beginning of year 23,675 (84,997) 313,341 295,014 End of year 27,707$ (180,661)$ 452,899$ 295,024$

Page 768 of 877 ends

CITY OF BEAUMONT

Combining Statement of Revenues, Expenditures, and Changes in Fund Balances (Continued)
Non-Major Governmental Funds
For the Year Ended June 30, 2022

103
Federal Other Total Other
Asset Seizure Special Revenue Community Facilities Governmental Fund Fund District (CFD) Funds
REVENUES:

Taxes -$ -$ -$ 1,519,954$ Intergovernmental - 98,253 - 2,593,957 License and permits - 6,361 - 27,878 Assessments levied - - 6,222,036 6,222,036 Use of money and property 6 717 6,671 24,112 Other revenues - 86,409 - 86,409 Total revenues 6 191,740 6,228,707 10,474,346 EXPENDITURES:

Current:

General Government - - - 17,539 Public safety - 44,842 - 257,544 Community development - 10,280 118,529 236,221 Total expenditures - 55,122 118,529 511,304

REVENUES OVER
(UNDER) EXPENDITURES 6 136,618 6,110,178 9,963,042 OTHER FINANCING SOURCES (USES):

Transfers in - - - 112,817 Transfers (out) - - (6,375,780) (11,457,790) Total other financing sources (uses)- - (6,375,780) (11,344,973) Net changes in fund balances 6 136,618 (265,602) (1,381,931) FUND BALANCES (DEFICIT):

Beginning of year 6,030 183,807 2,539,778 8,064,150 End of year 6,036$ 320,425 2,274,176 6,682,219$ Special Revenue Funds

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Non-Major Governmental
Budgetary Comparison Schedules

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CITY OF BEAUMONT

Budgetary Comparison Schedule
State Gas Tax Fund
For the Year Ended June 30, 2022

104
Actual Variance with
Original Final Amounts Final Budget
REVENUES:

Intergovernmental 1,239,846$ 1,239,846$ 1,152,141$ (87,705)$ Use of money and property 3,000 3,000 1,203 (1,797) Total revenues 1,242,846 1,242,846 1,153,344 (89,502)

REVENUES OVER (UNDER)
EXPENDITURES 1,242,846 1,242,846 1,153,344 (89,502) OTHER FINANCING SOURCES (USES):

Transfers (out) (1,242,846) (1,242,846) (1,242,846) - Total other financing sources (1,242,846) (1,242,846) (1,242,846) - Net change in fund balance -$ -$ (89,502) (89,502)$ FUND BALANCE:

Beginning of year 159,101
End of year 69,599$
Budgeted Amounts

Page 773 of 877 ends

CITY OF BEAUMONT

Budgetary Comparison Schedule
Road Maintenance and Rehabilitation Act Fund
For the Year Ended June 30, 2022

105
Actual Variance with
Original Final Amounts Final Budget
REVENUES:

Intergovernmental 945,983$ 945,983$ 1,059,815$ 113,832$ Use of money and property 2,000 2,000 1,694 (306) Total revenues 947,983 947,983 1,061,509 113,526

REVENUES OVER (UNDER)
EXPENDITURES 947,983 947,983 1,061,509 113,526 OTHER FINANCING SOURCES (USES):

Transfers (out) (863,763) (863,763) (1,381,281) (517,518) Total other financing sources (863,763) (863,763) (1,381,281) (517,518) Net change in fund balance 84,220$ 84,220$ (319,772) (403,992)$ FUND BALANCE:

Beginning of year 1,437,670
End of year 1,117,898$
Budgeted Amounts

Page 774 of 877 ends

CITY OF BEAUMONT

Budgetary Comparison Schedule
Measure A Fund
For the Year Ended June 30, 2022

106
Actual Variance with
Original Final Amounts Final Budget
REVENUES:

Taxes 1,060,000$ 1,060,000$ 1,519,954$ 459,954$ Use of money and property 3,000 3,000 5,293 2,293 Total revenues 1,063,000 1,063,000 1,525,247 462,247

REVENUES OVER (UNDER)
EXPENDITURES 1,063,000 1,063,000 1,525,247 462,247 OTHER FINANCING SOURCES (USES):

Transfers (out) (1,060,000) (1,060,000) (2,138,927) (1,078,927) Total other financing sources (1,060,000) (1,060,000) (2,138,927) (1,078,927) Net change in fund balance 3,000$ 3,000$ (613,680) (616,680)$ FUND BALANCE:

Beginning of year 2,568,801
End of year 1,955,121$
Budgeted Amounts

Page 775 of 877 ends

CITY OF BEAUMONT

Budgetary Comparison Schedule
AB 2766 Fund
For the Year Ended June 30, 2022

107
Actual Variance with
Original Final Amounts Final Budget
REVENUES:

Intergovernmental 60,000$ 60,000$ 50,460$ (9,540)$ Use of money and property 2,500 2,500 1,084 (1,416) Total revenues 62,500 62,500 51,544 (10,956) EXPENDITURES:

Current:

Public safety 197,804 197,804 96,780 101,024 Community development 68,196 68,196 68,196 - Total Expenditures 266,000 266,000 164,976 101,024

REVENUES OVER (UNDER)
EXPENDITURES (203,500) (203,500) (113,432) 90,068 OTHER FINANCING SOURCES (USES):

Transfers (out) (445,271) - (164,503) (164,503) Total other financing sources (445,271) - (164,503) (164,503) Net change in fund balance (648,771)$ (203,500)$ (277,935) (74,435)$ FUND BALANCE:

Beginning of year 621,930
End of year 343,995$
Budgeted Amounts

Page 776 of 877 ends

CITY OF BEAUMONT

Budgetary Comparison Schedule
PEG Fees Fund
For the Year Ended June 30, 2022

108
Actual Variance with
Original Final Amounts Final Budget
REVENUES:

License and permits 25,800$ 25,800$ 21,517$ (4,283)$ Use of money and property 120 120 54 (66) Total revenues 25,920 25,920 21,571 (4,349) EXPENDITURES:

Current:

General government 19,500 19,500 17,539 1,961 Total Expenditures 19,500 19,500 17,539 1,961

REVENUES OVER (UNDER)
EXPENDITURES 6,420 6,420 4,032 (2,388) Net change in fund balance 6,420$ 6,420$ 4,032 (2,388)$ FUND BALANCE:

Beginning of year 23,675
End of year 27,707$
Budgeted Amounts

Page 777 of 877 ends

CITY OF BEAUMONT

Budgetary Comparison Schedule
Other Federal Grants Fund
For the Year Ended June 30, 2022

109
Actual Variance with
Original Final Amounts Final Budget
REVENUES:

Intergovernmental 130,000$ 4,144,159$ 72,003$ (4,072,156)$ Use of money and property - - 5,976 5,976 Total revenues 130,000 4,144,159 77,979 (4,066,180) EXPENDITURES:

Current:

Public safety - - 114,674 (114,674) Community development 130,000 1,557,240 39,216 1,518,024 Total Expenditures 130,000 1,557,240 153,890 1,403,350

REVENUES OVER (UNDER)
EXPENDITURES - 2,586,919 (75,911) (2,662,830) OTHER FINANCING SOURCES (USES):

Transfers in - - 112,817 112,817 Transfers (out) - (2,010,560) (132,570) 1,877,990 Total other financing sources - (2,010,560) (19,753) 1,990,807 Net change in fund balance -$ 576,359$ (95,664) (672,023)$ FUND BALANCE (DEFICIT):

Beginning of year (84,997)
End of year (180,661)$
Budgeted Amounts

Page 778 of 877 ends

CITY OF BEAUMONT

Budgetary Comparison Schedule
COPS Grant Fund
For the Year Ended June 30, 2022

110
Actual Variance with
Original Final Amounts Final Budget
REVENUES:

Intergovernmental 150,000$ 150,000$ 161,285$ 11,285$ Use of money and property 3,000 3,000 1,054 (1,946) Total revenues 153,000 153,000 162,339 9,339 EXPENDITURES:

Current:

Public safety - - 898 (898) Total Expenditures - - 898 (898)

REVENUES OVER (UNDER)
EXPENDITURES 153,000 153,000 161,441 8,441 OTHER FINANCING SOURCES (USES):

Transfers (out) (62,734) (62,734) (21,883) 40,851 Total other financing sources (62,734) (62,734) (21,883) 40,851 Net change in fund balance 90,266$ 90,266$ 139,558 49,292$ FUND BALANCE:

Beginning of year 313,341
End of year 452,899$
Budgeted Amounts

Page 779 of 877 ends

CITY OF BEAUMONT

Budgetary Comparison Schedule
State Asset Seizure Fund
For the Year Ended June 30, 2022

111
Actual Variance with
Original Final Amounts Final Budget
REVENUES:

Intergovernmental 2,500$ 2,500$ -$ (2,500)$ Use of money and property 2,000 2,000 360 (1,640) Total revenues 4,500 4,500 360 (4,140) EXPENDITURES:

Current:

Public safety - - 350 (350) Total Expenditures - - 350 (350)

REVENUES OVER (UNDER)
EXPENDITURES 4,500 4,500 10 (4,490) Net change in fund balance 4,500$ 4,500$ 10 (4,490)$ FUND BALANCE:

Beginning of year 295,014
End of year 295,024$
Budgeted Amounts

Page 780 of 877 ends

CITY OF BEAUMONT

Budgetary Comparison Schedule
Other Special Revenue Fund
For the Year Ended June 30, 2022

112
Actual Variance with
Original Final Amounts Final Budget
REVENUES:

Intergovernmental 12,000$ 22,254$ 98,253$ 75,999$ License and permits 5,000 5,000 6,361 1,361 Use of money and property 1,000 1,000 717 (283) Other revenues 35,400 35,400 86,409 51,009 Total revenues 53,400 63,654 191,740 128,086 EXPENDITURES:

Current:

Public safety 9,700 32,644 44,842 (12,198) Community development 24,400 24,400 10,280 14,120 Total Expenditures 34,100 57,044 55,122 1,922

REVENUES OVER (UNDER)
EXPENDITURES 19,300 6,610 136,618 130,008 Net change in fund balance 19,300$ 6,610$ 136,618 130,008$ FUND BALANCE:

Beginning of year 183,807
End of year 320,425$
Budgeted Amounts

Page 781 of 877 ends

CITY OF BEAUMONT

Budgetary Comparison Schedule
Community Facilities Districts (CFD)
For the Year Ended June 30, 2022

113
Actual Variance with
Original Final Amounts Final Budget
REVENUES:

Assessments levied 6,187,690$ 6,187,690$ 6,222,036$ 34,346$ Use of money and property - - 6,671 6,671 Total revenues 6,187,690 6,187,690 6,228,707 41,017 EXPENDITURES:

Current:

Community development 342,095 342,095 118,529 223,566 Total Expenditures 342,095 342,095 118,529 223,566

REVENUES OVER (UNDER)
EXPENDITURES 5,845,595 5,845,595 6,110,178 264,583 OTHER FINANCING SOURCES (USES):

Transfers (out) (2,252,689) (2,252,689) (6,375,780) (4,123,091) Total other financing sources (uses)(2,252,689) (2,252,689) (6,375,780) (4,123,091) Net change in fund balance 3,592,906$ 3,592,906$ (265,602) (3,858,508)$ FUND BALANCE:

Beginning of year 2,539,778
End of year 2,274,176$
Budgeted Amounts

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Fiduciary Funds

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CITY OF BEAUMONT

Combining Statement of Fiduciary Net Position
Custodial Funds
June 30, 2022

114
Community
Facilities Evidence
District Collection Fund Total
ASSETS
Cash and investments 20,899,792$ 83,492$ 20,983,284$ Cash and investments with fiscal agent 13,621,551 - 13,621,551 Due from other governments 282,076 - 282,076 Total assets 34,803,419 83,492 34,886,911

LIABILITIES
Interest payable 4,184,332 - 4,184,332 Unearned revenue - 12,634 12,634 Deposits payable - 68,976 68,976 Due to other governments 107,742,432 - 107,742,432 Due to bondholders 143,305,675 - 143,305,675 Total liabilities 255,232,439 81,610 255,314,049 Net Position (deficit)
Restricted for:

Individuals, organizations and other governments (220,429,020) 1,882 (220,427,138) Total net position (220,429,020)$ 1,882$ (220,427,138)$

Page 785 of 877 ends

CITY OF BEAUMONT

Combining Statement of Changes in Fiduciary Net Position Custodial Funds
For the Year Ended June 30, 2022

115
Community
Facilities Evidence
District Collection Fund Total
ADDITIONS:

Investment Income 9,527$ 20$ 9,547$ Assessments 20,048,194 - 20,048,194 Total additions 20,057,721 20 20,057,741 DEDUCTIONS:

Payments to trustee 4,197,050 - 4,197,050 Interest expense 10,100,671 - 10,100,671 Bond proceeds 8,720,632 - 8,720,632 Payment for infrastructure 2,178,143 - 2,178,143 Total deductions 25,196,496 - 25,196,496 Change in net position (5,138,775) 20 (5,138,755) NET POSITION:

Beginning of year (215,290,245) 1,862 (215,288,383) End of year (220,429,020)$ 1,882$ (220,427,138)$

Page 786 of 877 ends

Statistical Section

Page 787 of 877 ends

CITY OF BEAUMONT

Net Position by Component
Last Ten (10) Fiscal Years
(accrual basis of accounting)

116
2013 2014 2015 2016
Governmental activities
Net investment in capital assets -$ -$ -$ -$ Restricted 31,785,547 27,651,232 32,785,514 48,232,914 Unrestricted (32,707,527) (34,861,337) (89,979,209) (22,231,046) Total governmental activities net position (921,980)$ (7,210,105)$ (57,193,695)$ 26,001,868$ Business-type activities
Net investment in capital assets 48,712,794$ 47,357,696$ 52,039,617$ 50,742,754$ Restricted - - - - Unrestricted 733,877 3,461,080 (2,786,155) 897,094 Total business-type activities net position 49,446,671$ 50,818,776$ 49,253,462$ 51,639,848$ Primary government
Net investment in capital assets 48,712,794$ 47,357,696$ 52,039,617$ 50,742,754$ Restricted 31,785,547 27,651,232 32,785,514 48,232,914 Unrestricted (31,973,650) (31,400,257) (92,765,364) (21,333,952) Total primary government net position 48,524,691$ 43,608,671$ (7,940,233)$ 77,641,716$ Fiscal Year
Source: City of Beaumont Finance Department Audited Financial Statements

Page 788 of 877 ends

117
2017 2018 2019 2020 2021 2022
41,036,317$ 161,035,919$ 180,996,750$ 191,989,902$ 199,529,502$ 210,229,919$ 253,984,801 133,927,879 125,918,630 118,674,754 121,676,799 121,976,580 (13,630,302) (7,563,390) 457,794 7,180,682 12,223,595 39,194,558 281,390,816$ 287,400,408$ 307,373,174$ 317,845,338$ 333,429,896$ 371,401,057$ 127,028,681$ 124,163,481$ 134,524,431$ 137,744,251$ 134,777,249$ 134,350,805$ - - - - 595,399 757,246 2,246,526 9,681,229 (475,808) 4,609,395 3,069,283 11,180,846 129,275,207$ 133,844,710$ 134,048,623$ 142,353,646$ 138,441,931$ 146,288,897$ 168,064,998$ 285,199,400$ 315,521,181$ 329,734,153$ 334,306,751$ 344,580,724$ 253,984,801 133,927,879 125,918,630 118,674,754 122,272,198 122,733,826 (11,383,776) 2,117,839 (18,014) 11,790,077 15,292,878 50,375,404 410,666,023$ 421,245,118$ 441,421,797$ 460,198,984$ 471,871,827$ 517,689,954$

Page 789 of 877 ends

CITY OF BEAUMONT

Changes in Net Position
Last Ten (10) Fiscal Years
(accrual basis of accounting)

118
2013 2014 2015 2016
Expenses
Governmental activities:

General government 5,618,665$ 4,968,528$ 7,309,913$ 3,397,331$ Public safety 15,198,102 15,219,502 13,414,301 11,236,896 Public works 4,763,622 7,812,711 1,552,407 1,976,427 Community development 65,303,162 6,947,833 1,914,356 1,367,789 Community services 3,355,226 156,923 4,880,614 3,050,603 Refuse - - 4,144,778 4,138,062 Pass-through payments - - - - Interest on long-term debt - 161,272 2,660,836 - Total governmental activities expenses 94,238,777 35,266,769 35,877,205 25,167,108 Business-type activities:

Sewer 5,714,311 6,074,330 7,986,837 6,043,880 Transit 1,941,586 2,258,381 2,211,872 2,478,621 Total business-type activities expenses 7,655,897 8,332,711 10,198,709 8,522,501 Total primary government expenses 101,894,674$ 43,599,480$ 46,075,914$ 33,689,609$ Program Revenues
Governmental activities:

Charges for services 5,955,862$ 7,339,117$ 9,855,807$ 9,561,023$ Operating grants 3,456,547 4,708,037 6,337,968 9,449,166 Capital grants 20,937,453 6,051,679 4,364,103 5,304,634 30,349,862 18,098,833 20,557,878$ 24,314,823$ Business-type activities:

Charges for services 4,895,175 8,041,655 8,021,109 7,362,793 Operating grants 1,238,220 1,636,434 1,847,564 2,063,600 Capital Grants 800,088 304,610 10,445 1,479,942 6,933,483 9,982,699 9,879,118$ 10,906,335$ Total primary government revenues 37,283,345$ 28,081,532$ 30,436,996$ 35,221,158$ Net (expense)/revenue
Governmental activities (63,888,915)$ (17,167,936)$ (15,319,327)$ (852,285)$ Business-type activities (722,414) 1,649,988 (319,591) 2,383,834 (64,611,329)$ (15,517,948)$ (15,638,918)$ 1,531,549$ Total governmental activities program revenues
Total business-type activities program revenues
Total primary government net (expense)/revenue
Fiscal Year
Source: City of Beaumont Finance Department Audited Financial Statements

Page 790 of 877 ends

119
2017 2018 2019 2020 2021 2022
7,593,312$ 5,356,762$ 6,010,855$ 6,387,414$ 10,322,019$ 4,512,580$ 13,526,022 18,969,972 15,641,308 17,326,496 17,896,367 18,598,061 5,030,993 5,563,653 8,536,946 4,051,200 8,738,889 4,232,519 4,441,655 2,431,640 2,396,300 2,203,993 2,109,290 2,419,107 2,528,668 3,478,806 3,840,603 4,805,108 4,567,596 2,462,608 4,239,048 4,899,889 5,504,512 - - - - - - - - - 10,369,211 7,181,818 4,415,612 4,980,043 4,742,632 4,965,899 47,728,909 47,882,540 46,346,136 39,754,254 48,376,793 37,190,774 11,192,584 10,430,002 14,993,895 15,084,760 16,480,072 17,596,817 2,990,218 3,119,254 3,353,923 3,260,924 3,103,538 3,047,754 14,182,802 13,549,256 18,347,818 18,345,684 19,583,610 20,644,571 61,911,711$ 61,431,796$ 64,693,954$ 58,099,938$ 67,960,403$ 57,835,345$ 15,939,510$ 15,749,036$ 13,488,153$ 6,004,874$ 6,223,772$ 8,436,192$ 286,368 77,514 884,195 1,626,798 4,116,354 1,613,280 12,450,382 20,409,806 17,527,025 8,773,350 16,582,075 16,403,235 28,676,260 36,236,356 31,899,373 16,405,022 26,922,201 26,452,707 7,644,407 8,282,833 8,993,637 10,697,882 10,955,015 12,314,130 2,262,277 2,347,256 2,557,412 3,228,349 2,251,555 2,687,154 473,715 6,171,672 1,575,041 7,334,406 1,852,603 1,881,755 10,380,399 16,801,761 13,126,090 21,260,637 15,059,173 16,883,039 39,056,659$ 53,038,117$ 45,025,463$ 37,665,659$ 41,981,374$ 43,335,746$ (19,052,649)$ (11,646,184)$ (14,446,763)$ (23,349,232)$ (21,454,592)$ (10,738,067)$ (3,802,403) 3,252,505 (5,221,728) 2,914,953 (4,524,437) (3,761,532) (22,855,052)$ (8,393,679)$ (19,668,491)$ (20,434,279)$ (25,979,029)$ (14,499,599)$

Page 791 of 877 ends

CITY OF BEAUMONT

Changes in Net Position
Last Ten (10) Fiscal Years
(accrual basis of accounting) (Continued)

120
General Revenues and Other Changes in
Net Position
2013 2014 2015 2016
Government activities:

Taxes
Property taxes 3,314,109$ 2,846,677$ 3,894,320$ 3,762,290$ Sales taxes 3,846,904 4,149,782 4,209,246 4,966,331 Vehicle in lieu tax 2,637,026 2,709,016 3,244,340 3,506,871 Utility Users Tax - - 1,373,661 1,804,096 Franchise tax 837,617 882,609 944,869 929,261 Transient occupancy tax - - 224,705 283,999 Other taxes 1,665,975 1,778,239 209,124 77,163 Business Licenses - - - 196,185 Transfers - - - - Total taxes and transfers 12,301,631 12,366,323 14,100,265 15,526,196 Construction bond proceeds - - - - Developer Contributions - - - - Investment Earnings 419,671 827,047 129,837 13,232 Miscellaneous 555,543 562,353 156,283 359,206 Other revenue - - - - Gain (Loss) on sale of capital assets - - - - Total governmental activities 13,276,845 13,755,723 14,386,385 15,898,634 Business-type activities:

Investment Earnings 80,587 55,973 4,267 2,552 Developer Contributions - - - - Miscellaneous 12,792 7,753 - - Mitigation Fees - - - - Transfers - - - - Gain (Loss) on sale of capital assets - - - - Total business-type activities 93,379 63,726 4,267 2,552 Total primary government 13,370,224$ 13,819,449$ 14,390,652$ 15,901,186$ Extraordinary Items (Governmental Activities)
Write off of advance receivable -$ -$ (21,500,000)$ -$ Settlement - restitution - - - - Refunding CFD 93-01 - - - - Successor Agency debt reversal - - - 4,235,674 Gain on advance from city write off - - - - Gain on transfer of assets and liabilities to RDA Successor Agency - - - - WRCOG judgement settlement - - - 58,098,626 Total primary government -$ -$ (21,500,000)$ 62,334,300$ Change in Net Position
Governmental activities (50,612,070)$ (3,412,213)$ (22,432,942)$ 77,380,649$ Business-type activities (629,035) 1,713,714 (315,324) 2,386,386 Total primary government (51,241,105)$ (1,698,499)$ (22,748,266)$ 79,767,035$ Fiscal Year
Source: City of Beaumont Finance Department Audited Financial Statements

Page 792 of 877 ends

Continued
121
2017 2018 2019 2020 2021 2022
4,852,263$ 5,199,098$ 5,656,662$ 11,107,476$ 12,701,479$ 13,932,511$ 4,851,947 5,631,332 6,596,935 7,593,729 8,869,746 26,869,849 3,768,042 4,125,662 4,517,090 38,307 37,754 60,866 1,545,893 1,524,158 1,584,224 1,650,094 1,887,031 2,058,730 805,244 3,285,697 3,908,531 8,074,504 3,183,803 3,164,944 325,874 363,868 335,304 278,504 298,879 422,087 880,255 1,194,389 958,614 - - - 231,688 247,193 294,968 342,702 415,229 350,142 - 322 (3,120,964) - 239,958 (254,358) 17,261,206 21,571,719 20,731,364 29,085,316 27,633,879 46,604,771 - - - - 233,922 - - 11,343,940 9,055,054 - 4,001,607 - 10,490,307 7,851,992 5,390,216 4,230,375 4,618,626 1,157,022 55,710 355,360 716,944 472,274 526,724 598,614 - - - - - 58,594 42,237 5,341 52,377 33,431 24,392 51,186 27,849,460 41,128,352 35,945,955 33,821,396 37,039,150 48,470,187 4,475 13,606 1,564,220 565,390 57,721 (1,131,442) - 778,223 731,125 - - - 30 525,491 3,393 5,242 13,719 1,206,829 - - - 4,819,408 1,123,349 11,278,753 - (322) 3,120,964 - (239,958) 254,358 - - 5,939 30 - - 4,505 1,316,998 5,425,641 5,390,070 954,831 11,608,498 27,853,965$ 42,445,350$ 41,371,596$ 39,211,466$ 37,993,981$ 60,078,685$ -$ -$ -$ -$ -$ -$ 3,000,000 - - - - - - (11,947,642) - - - - - - - - - - - - - - - - - - - - - - - - - - - - 3,000,000$ (11,947,642)$ -$ -$ -$ -$ 11,796,811$ 17,534,526$ 21,499,192$ 10,472,164$ 15,584,558$ 37,732,120$ (3,797,898) 4,569,503 203,913 8,305,023 (3,569,606) 7,846,966 7,998,913$ 22,104,029$ 21,703,105$ 18,777,187$ 12,014,952$ 45,579,086$

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CITY OF BEAUMONT Governmental Activities Tax and Assessments Revenues by Sources Last Ten (10) Fiscal Years (modified accrual basis of accounting) 122 Fiscal Property Sales & Use Transient Franchise Motor Vehicle Utility Users *Other Business CFDYear Taxes Tax/Measure A Occupancy Tax Fees In Lieu Tax Taxes Taxes Licenses Assessments Total2013 3,314,109$ 3,846,904$ 235,656$ 837,617$ 2,637,026$ -$ 1,665,975$ 206,634$ 21,110,633$ 33,854,554$ 2014 2,846,677 4,149,782 196,114 882,609 2,709,016 - 1,778,239 204,470 22,295,061 35,061,968 2015 4,016,833 4,209,246 224,705 944,869 3,244,340 1,373,661 1,152,746 209,124 23,520,973 38,896,498 2016 4,391,074 4,966,331 283,999 929,261 3,506,871 1,804,096 999,244 196,185 24,235,209 41,312,270 2017 4,852,262 4,851,947 325,874 805,244 3,768,042 1,545,893 880,256 231,688 25,245,610 42,506,817 2018 5,199,098 5,631,332 363,868 876,551 4,125,662 1,524,158 976,299 247,193 23,871,332 42,815,493 2019 5,656,662 6,596,935 335,304 912,924 4,517,090 1,584,224 958,614 294,968 23,953,820 44,810,540 2020 6,109,624 7,593,728 278,504 8,074,504 4,997,852 1,650,094 1,089,543 342,702 24,999,645 55,136,196 2021 6,991,565 8,869,746 298,879 3,183,803 5,709,914 1,887,031 1,169,351 415,229 25,884,547 54,410,067 2022 7,015,381 26,869,849 422,087 3,164,944 6,240,950 2,058,730 737,046 350,142 26,270,230 73,129,359 Includes General Fund, Special Revenue, Capital Projects Funds, Internal Service Funds (2021), Enterprise Funds and Fiduciary Funds. * Other Taxes include Vehicle License Collection, Gas Tax and Traffic Congestion Relief Apportionment tied to SB1 (FY2018) Source: City of Beaumont Finance Department Audited Financial Statements (FY2012- 2014); CFD Assessments from Tyler Source: City of Beaumont Finance Department Tyler Accounting Software (FY2015 and older)Page 795 of 877

CITY OF BEAUMONT

Fund Balances of Governmental Funds
Last Ten (10) Fiscal Years
(modified accrual basis of accounting)

123
2013 2014 2015 2016
General fund
Reserved -$ -$ -$ -$ Unreserved - - - - Non Spendable: - - - - Notes and Loans Receivable 289,442 - 249,493 226,186 Advances to RDA Successor Agency 21,500,000 21,500,000 - - Prepaid items - - - - Restricted
Investment in Section 115 Trust - - - - Committed for:

Capital Projects - - - - Self Insurance - - - - Pension Trust Funding - - - - Assigned for:

Re-appropriation - - - - Unassigned (6,866,481) (6,354,884) (7,438,424) (4,296,822) Total general fund 14,922,961$ 15,145,116$ (7,188,931)$ (4,070,636)$ All other governmental funds
Reserved -$ -$ -$ -$ Unreserved - - - - Non Spendable:

Prepaid items - - - - Restricted for:

CFD Projects - - 22,748,722 32,867,745 Capital Projects 28,104,669 26,605,667 8,763,649 13,967,685 Streets Projects - - 708,507 684,297 Public Safety 876,469 406,697 422,142 550,410 PEG Fees - - 142,494 162,777 State Gas Tax 135,592 - - - AB 2766 - - - -

RMRA - - - - Measure A - - - - Other Special Projects 2,583,460 529,090 - Government Access TV 85,357 109,778 - - COPS Grants - - - - State Asset Forfeiture - - - - Federal Asset Forfeiture - - - - Debt service - - - - Committed for:

Capital Projects - - - - Unassigned - - - - Total all other governmental funds 31,785,547$ 27,651,232$ 32,785,514$ 48,232,914$ Fiscal Year

Sources: City of Beaumont Finance Department Audited Financial Statements

Page 796 of 877 ends

Continued
124
2017 2018 2019 2020 2021 2022
-$ -$ -$ -$ -$ -$ - - - - - - - - - - 213,399 215,904 220,634 224,671 225,715 - - - - - - - - - 83,141 - 26,262 61,292 -
- - - - - 2,344,101 6,839,275 6,839,275 - 4,550,000 - - - - - - 2,850,717 2,154,152 - - - - 2,500,000 - - - - - 214,799 796,780 5,034,141 10,315,492 14,980,384 19,290,503 17,576,741 40,317,103 12,086,815$ 17,370,671$ 15,284,159$ 24,065,174$ 23,394,234$ 45,673,428$ -$ -$ -$ -$ -$ -$ - - - - - - - - - - 304,015 287,125 8,424,392 8,462,228 9,145,832 9,036,520 5,884,930 2,274,176 25,157,602 15,683,985 12,877,575 13,336,436 13,674,329 24,136,095 - - - - - - 688,820 788,141 1,110,144 664,780 - - 219,517 250,014 1,542,017 21,482 23,675 27,707 357,051 263,369 103,421 - 159,101 69,599 306,698 370,379 1,102,061 474,841 621,930 343,995 - - - 551,820 1,437,670 1,117,898 - - - 1,348,379 2,568,801 1,955,121 981 90,333 305,975 163,173 183,807 320,425 - - - - - - - - - - 313,341 452,899 - - - - 295,014 295,024 - - - - 6,030 6,036 223,515,398 101,180,155 98,006,000 92,767,025 85,876,699 80,287,587 - - 1,417,617 666,248 10,631,472 8,345,917 - - - - (84,997) (180,661) 258,670,459$ 127,088,604$ 125,610,642$ 119,030,704$ 121,895,817$ 119,738,943$

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CITY OF BEAUMONT

Changes in Fund Balances of Governmental Funds
Last Ten (10) Fiscal Years
(modified accrual basis of accounting)

125
2013 2014 2015 2016
Revenues
Taxes 9,891,679$ 9,681,600$ 19,240,888$ 29,927,330$ Franchise Fees - - - - Intergovernmental revenues 6,073,043 7,376,149 297,016 29,788 Licenses, Fees and Permits 772,780 1,291,053 1,201,320 1,360,288 Fines and Forfeitures 151,541 155,671 350,287 413,052 Assessment Levied
Use of money and property 434,265 110,873 129,834 148,419 Charges for services 4,653,501 5,900,241 12,400,655 7,913,344 Other Revenues 535,200 1,287,290 979,582 545,313 Interfund Charges 6,582,910 6,175,682 - - Total Revenues 29,094,919 31,978,559 34,599,582 40,337,534 Expenditures
General Government 5,101,037 5,067,238 4,969,209 4,735,084 Public Safety 15,334,992 15,482,011 13,585,249 12,318,788 Public Works 4,763,622 7,812,711 1,552,407 1,976,427 Community Development 28,532,830 2,719,182 1,914,356 1,367,789 Community Services 3,355,226 156,923 4,880,614 3,050,603 Refuse - - 4,144,778 4,138,062 Capital Outlay - 10,404,333 - - Debt Service:

Principal - 300,000 - - Refunding Escrow Agent - - - - Interest and fiscal charges - - - - Pass -through Payments - - - - Total Expenditures 57,087,707 41,942,398 31,046,613 27,586,753 Excess of revenues
over (under) expenditures (27,992,788) (9,963,839) 3,552,969 12,750,781 Other Financing Sources (Uses)
Capital leases - - - - Lease acquisition - - - - Sales of Property - - - - Refunding Bonds Issued - - - - Premium on refunding bonds issued - - - - Payment to refunded bond escrow agent - - - - Proceeds from sale of capital assets - - - - Developer Contributions 20,937,453 6,051,679 - - Transfers in 1,665,000 3,556,910 - 11,280 Transfers out (1,665,000) (3,556,910) - (11,280) Total Other Financing Sources (Uses) 20,937,453 6,051,679 - - Net Change in Fund Balances Before Extraordinary Item (7,055,335) (3,912,160) 3,552,969 12,750,781 Extraordinary Item - - (21,500,000) - Special Item - - - - Net Change in Fund Balances (7,055,335)$ (3,912,160)$ (17,947,031)$ 12,750,781$ Debt Service as a percentage of
non-capital expenditures 0.0% 1.0% 0.0% 0.0%
Fiscal Year
Source: City of Beaumont Finance Department Audited Financial Statements

Page 798 of 877 ends

126
2017 2018 2019 2020 2021 2022
11,027,239$ 12,163,969$ 13,570,476$ 14,996,887$ 17,410,049$ 36,366,045$ - 3,285,697 3,908,531 8,074,504 3,183,803 3,164,944 5,787,280 11,263,234 11,581,831 10,051,669 11,813,339 8,973,877 10,781,152 13,283,260 8,044,621 3,708,535 6,525,592 12,908,883 265,831 262,278 249,914 617,981 344,816 425,252 9,309,555 9,240,825 6,786,653 6,491,075 7,288,277 6,898,216 10,613,015 8,023,202 5,569,684 4,337,680 4,693,106 1,243,832 8,355,018 7,754,417 6,944,423 1,469,367 1,484,669 1,595,732 377,102 872,752 4,627,173 1,021,777 7,016,584 771,271 - - - - - - 56,516,192 66,149,634 61,283,306 50,769,475 59,760,235 72,348,052 5,464,863 4,434,173 5,940,387 6,439,508 8,460,291 8,428,917 12,524,089 12,956,345 14,721,189 16,731,402 17,578,516 18,101,157 2,902,986 3,161,648 3,929,138 2,855,850 2,959,287 2,681,355 4,295,350 2,000,866 2,096,589 1,952,789 1,951,963 2,285,885 2,396,166 3,070,774 3,708,469 3,998,071 4,119,407 4,650,945 4,239,048 4,899,889 5,504,512 - - - 188,738 13,194,674 12,622,062 7,964,820 5,074,099 8,723,267 6,167,352 118,212,977 3,600,000 3,405,300 3,938,561 3,119,925 - - - 1,149,489 3,563,485 - 10,369,211 7,181,818 4,415,612 4,490,634 4,820,703 5,099,969 - - - - - - 48,547,803 169,113,164 56,537,958 48,987,863 52,466,312 53,091,420 7,968,389 (102,963,530) 4,745,348 1,781,612 7,293,923 19,256,632 96,158 132,444 167,456 78,046 - - - - - - - 856,533 42,237 5,341 19,494 - - - - - - 5,375,000 35,875,000 - - - - 1,014,920 - - - - - (6,389,920) (34,829,600) - - - - 33,431 24,392 24,471 - - - - - - 22,007,107 14,209,907 9,682,117 10,561,452 18,489,635 13,031,672 (22,007,107) (14,209,585) (12,803,081) (10,561,452) (24,659,177) (13,286,030) 138,395 138,107 (2,934,014) 111,477 (5,099,750) 626,646 8,106,784 (102,825,423) 1,811,334 1,893,089 2,194,173 19,883,278 - - - - 3,000,000 (11,947,642) - - - - 11,106,784$ (114,773,065)$ 1,811,334$ 1,893,089$ 2,194,173$ 19,883,278$

52.0% 410.8% 22.3% 28.3% 35.1% 21.1%

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CITY OF BEAUMONT General Fund Tax Revenue by Source Last Ten (10) Fiscal Years (modified accrual basis of accounting) 127 Fiscal Property Sales & Use Transient Franchise Utility Users Motor Vehicle Vehicle License BusinessYear Taxes Tax Occupancy Tax Fees Tax In Lieu Tax Collection Licenses Total2013 3,459,720$ 3,846,904$ 235,656$ 837,617$ -$ 2,637,026$ 1,284,708$ 206,634$ 12,508,265$ 2014 3,032,987 4,149,782 196,114 882,609 - 2,709,016 1,395,815 204,470 12,570,793 2015 4,016,833 4,209,246 224,705 944,869 1,373,661 3,244,340 - 209,124 14,222,779 2016 4,391,074 4,966,331 283,999 929,261 1,804,096 3,506,871 77,163 196,185 16,154,980 2017 4,852,262 4,851,947 325,874 805,244 1,545,893 3,768,042 20,212 231,688 16,401,163 2018 5,199,098 5,029,443 363,868 876,551 1,524,158 4,125,662 - 242,634 17,361,415 2019 5,656,662 5,558,667 335,304 912,924 1,584,224 4,517,090 23,154 287,908 18,875,933 2020 6,109,624 6,593,630 278,504 8,074,504 1,650,094 4,997,852 38,307 337,993 28,080,507 2021 6,991,565 7,552,253 298,879 3,183,803 1,887,031 5,709,914 37,754 408,435 26,069,635 2022 7,691,561 25,349,995 422,087 3,164,944 2,058,730 6,240,950 60,866 343,807 45,332,940 Source: City of Beaumont Finance Department Audited Financial Statements (FY2012- 2014) Source: City of Beaumont Finance Department Tyler Accounting Software (FY2015 and older)Page 800 of 877

CITY OF BEAUMONT

Top 25 Sales Tax Producers
As of June 30, 2022

128
Business Name Business Category
1st Street Arco Service Stations
84 Lumber Co Building Materials
Amazon Com Services Fulfillment Centers
Amazon MFA Fulfillment Centers
Beaumont Gas Mart Service Stations
Beaumont RV Trailers/RVs
Beaumont Service Station Service Stations
Best Buy Electronics/Appliance Stores
Big Text Trailers Trailers/RVs
Carson Trailer Trailers/RVs
CJ Foods Food Service Equip./Supplies
Grove 76 Service Stations
Home Depot Building Materials
Icon Health and Fitness Light Industrial/Printers
In N Out Burger Quick-Service Restaurants
Kohls Department Stores
Mayas Chevron Service Stations
Oak Valley Chevron Service Stations
Raising Cane's Quick-Service Restaurants
Ross Family Apparel
Stater Bros Grocery Stores
Trailer Factory Outlet Trailers/RVs
USA Gas Service Stations
Walmart Supercenter Discount Dept Stores
Wolverine Worldwide Fullfillment Centers
Percent of Fiscal Year Total Paid By Top 25 Accounts=70.32% For Fiscal year 2021-2022
Sources: State Board of Equalization, California Department of Taxes and Fees Administration, State Controller's Office, The HDL Companies

Page 801 of 877 ends

CITY OF BEAUMONT

Top 25 Sales Tax Producers
As of June 30, 2022

129
Business Name Business Category
1st Street Arco Service Stations
Baker's Burgers Quick-Service Restaurants
Beaumont Ace Home Center Building Materials
Beaumont Gas Mart Service Stations
Beaumont RV Trailers/RVs
Beaumont Service Station Service Stations
Beaumont Yamaha Kawasaki Polaris Boats/Motorcycles
Bed Bath & Beyond Home Furnishings
Best Buy Electronics/Appliance Stores
Big Tex California Trailers/RVs
Chili's Casual Dining
Dangelo Company Light Industrial/Printers
Food 4 Less Grocery Stores
Grove 76 Service Stations
Highland Shell Service Stations
Home Depot Building Materials
Kohls Department Stores
Oak Valley Chevron Service Stations
Petco Specialty Store
Ross Family Apparel
Staples Office Supplies/Furniture
Stater Bros Grocery Stores
Verizon Wireless Electronics/Appliance Stores
Walgreens Drug Stores
Walmart Supercenter Discount Dept Stores
Percent of Fiscal Year Total Paid By Top 25 Accounts=76.97% For Fiscal Year 2012-13

Sources: State Board of Equalization, California Department of Taxes and Fees Administration, State Controller's Office, The HDL Companies

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CITY OF BEAUMONT Taxable Sales by Category Last Ten Calendar Years (in thousands of dollars) As of June 30, 2022 130 Calender Year 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021Food Stores 18,063$ 18,384$ 18,558$ 19,259$ 21,016$ 21,879$ 23,369$ 24,224$ 27,104$ 27,107$ Eating and Drinking Places 34,758 37,418 44,272 48,099 52,522 54,926 58,205 64,026 68,387 92,028 Building Materials 40,162 44,447 48,119 51,999 55,011 59,720 66,532 68,381 86,638 103,831 Auto Dealers and Supplies 13,348 17,714 21,792 28,347 31,853 37,333 39,427 38,759 44,641 58,846 Services Stations 70,477 68,696 65,560 55,945 50,076 54,400 66,433 74,214 61,673 88,347 Other Retail Stores 131,645 140,750 144,719 152,350 154,131 151,487 155,943 154,635 151,769 182,886 All Other Outlets 59,848 65,346 70,781 85,903 101,750 102,867 107,538 139,383 303,271 891,152 Total 368,301$ 392,755$ 413,801$ 441,902$ 466,359$ 482,612$ 517,447$ 563,622$ 743,483$ 1,444,197$ Sources: State Board of Equalization, California Department of Taxes and Fees Administration, State Controller's Office, The HDL Companies Note: Due to confidentiality issues, the names of the ten largest revenue payers are not available. The categories presented are intended to provide alternative information regarding the sources of the City's revenue.Page 803 of 877

CITY OF BEAUMONT Assessed Value and Estimated Actual Value of Taxable Property Last Ten (10) Fiscal Years 131 FiscalYearEnded Residential Commercial Industrial Agricultural Institutional Miscellaneous Recreational Vacant SBE Nonunitary Cross ReferenceJune 30 Property Property Property Property Property Property Property Property Property Property2013 1,992,255,157$ 261,036,310$ 140,914,848$ 221,759$ 676,041$ -$ 21,094,997$ 214,352,341$ 54,015$ 3,696,048$ 2014 2,121,323,112 257,949,389 142,714,557 781,680 648,056 - 16,942,256 219,214,037 54,015 3,364,361 2015 2,598,286,104 276,682,366 182,704,068 785,224 593,479 - 16,992,773 205,513,227 54,015 3,296,822 2016 2,940,232,521 291,491,374 176,247,926 231,754 1,321,210 - 17,224,749 190,999,251 54,015 3,613,513 2017 3,207,129,206 296,461,009 175,023,847 235,286 1,317,085 - 17,406,132 191,103,172 54,015 3,636,024 2018 3,472,221,513 304,990,342 222,291,436 239,990 602,342 - 17,658,455 216,147,224 54,015 4,005,605 2019 3,838,660,946 316,507,011 253,366,940 244,789 614,383 4,554 17,902,500 212,687,138 72,099 4,524,155 2020 4,270,998,304 352,992,505 282,751,732 1,551,755 626,675 7,212 16,944,899 218,705,217 72,099 4,052,652 2021 4,631,135,525 404,022,040 573,656,274 1,583,016 1,389,803 9,855 17,280,592 191,196,689 72,099 4,624,200 2022 4,950,153,622 458,317,291 574,633,573 1,600,351 3,866,025 9,956 14,854,980 240,309,457 72,099 4,913,634 Real Property Source: City of Beaumont Finance Department Page 804 of 877

CITY OF BEAUMONT Assessed Value and Estimated Actual Value of Taxable Property (continued) Last Ten (10) Fiscal Years 132 Estimated Total AssessedActual Less: Total Direct Value as aUnsecured Taxable Tax Exempt Unknown Assessed Tax Percentage ofProperty Value Real Property Property Value Rate Actual Value63,372,242$ 2,697,673,758$ (3,993,201)$ -$ 2,701,666,959$ 0.2008 100%68,677,971 2,831,669,434 (1,899,747) - 2,833,569,181 0.10876 100%66,013,382 3,350,921,460 (1,937,692) - 3,352,859,152 0.10600 100%66,523,710 3,687,940,023 (2,346,527) - 3,690,286,550 0.10440 100%69,045,531 3,961,411,307 (2,411,293) - 3,963,822,600 0.10348 100%72,696,977 4,310,907,899 (2,442,788) - 4,313,350,687 0.10275 100%102,926,670 4,747,511,185 (2,498,684) - 4,750,009,869 0.10177 100%116,425,944 5,265,128,994 - 4,168,358 5,269,297,352 0.10049 100%191,707,077 6,016,677,170 - 4,968,448 6,021,645,618 0.10092 100%331,571,397 6,581,880,325 - 1,577,940 6,583,458,265 0.10299 100% Page 805 of 877

CITY OF BEAUMONT

Direct and Overlapping Property Tax Rates
(Rate per $100 of Taxable Value)
Last Ten (10) Fiscal Years

133
Mt San Jacinto Total RDA Total
Fiscal Basic Debt Banning Beaumont Community San Jacinto Metropolitan San Gorgonio Pass Tax Incremental Direct Year Levy Service Unified Unified College Unified Water Water Rate Rate 1 Rate 2
2013 1.0000 0.11572 0.00000 0.08486 0.00000 0.00000 0.00000 0.18500 1.38558 0.00000 0.20078 2014 1.0000 0.11896 0.00000 0.09000 0.00000 0.00000 0.00000 0.18500 1.39396 0.00000 0.10876 2015 1.0000 0.11296 0.00000 0.08169 0.00000 0.00000 0.00000 0.18500 1.37965 0.00000 0.10600 2016 1.0000 0.08143 0.00000 0.07106 0.01394 0.00000 0.00000 0.18500 1.35143 0.00000 0.10440 2017 1.0000 0.08357 0.00000 0.07193 0.01320 0.00000 0.00000 0.18500 1.35370 0.00000 0.10348 2018 1.0000 0.09052 0.14473 0.07677 0.01320 0.15078 0.00350 0.18250 1.66200 0.00000 0.10275 2019 1.0000 0.08692 0.14278 0.07432 0.01320 0.15291 0.00350 0.18250 1.65613 0.00000 0.10177 2020 1.0000 0.06990 0.14526 0.07438 0.01320 0.15292 0.00350 0.17750 1.63666 0.00000 0.10049 2021 1.0000 0.06716 0.14500 0.07431 0.01320 0.15291 0.00350 0.17500 1.63108 0.00000 0.10092 2022 1.0000 0.06281 0.14588 0.07777 0.01320 0.15291 0.00350 0.17500 1.63107 0.00000 0.10299 SchoolsSan Gorgonio Pass
Mem Hospital
Sources: HdL Coren & Cone, Riverside County Assessor 2012/12-2020/21 Tax Rate Table

Note: In 1978 California voters passed Proposition 13 which sets the property tax rate at a 1.00% fixed amount. This 1.00% is shared by all taxing agencies for which the subject property resides within. In addition to the 1.00% fixed amount, property owners are charged taxes as a percentage of assessed property values for the payment of any voter approved bonds.

1 RDA rate is based on the largest RDA tax rate area and includes only the rate(s) from indebtedness adopted prior to 1989 per California State Statute. RDA Direct and Overlapping rates are applied only to the incremental property values.

2 Total Direct Rate is the weighted average of all individual direct rates.

Page 806 of 877 ends

CITY OF BEAUMONT

Principal Property Taxpayers
As of June 30, 2022

134
Percentage of Percentage of
Assessed Total Taxable Assessed Total Taxable
Taxpayer Valuation Rank Assessed Value Valuation Rank Assessed Value Amazon Com Services LLC 155,127,129$ 2 2.36%
Brixton Beaumont LLC 45,600,610 4 0.69%
Baldi Bros Construction 26,002,337 9 0.40% 16,145,337.00$ 9 0.60% MPLD II Inland Empire ULC LLC 44,592,237 5 0.68% CJ Foods Manufacturing 93,754,096 3 1.42%
Exeter 630 Nicholas LP 33,309,725 6 0.51%
CT Beaumont Partners 36,173,000 1 1.34%
Dura Plastics Products Inc 20,371,520 6 0.76%
Frederick J Hanshaw 32,000,000 3 1.19%
High Desert Partners 35,372,284 2 1.31%
Home Depot USA Inc 25,665,352 10 0.39%
Loma Linda University 25,451,045 4 0.94%
HHI Riverside LLC 20,217,164 7 0.75%
Cathay Bank 24,328,860 5 0.90%
Lowes HIW Inc 18,085,467 8 0.67%
USEF Crossroads I/II 384,908,501 1 5.85%
Beaumont Crossroads Logistics Park II 31,755,614 7 0.48% Walmart Real Estate Business Trust 26,307,239 8 0.40% hrifty Oil Company 15,595,632 10 0.58%
867,022,840$ 13.18% 243,740,309$ 9.04%
2021/2022 2012/13
Note: The amounts shown above includes assessed value data for both the City and the Redevelopment Agency.

1 Loma Linda University is a learning institution; therefore, a large portion of their property is exempt. 2 Pending Appeals on Parcels

Source: The HdL Companies, Riverside County Assessor Combined Tax Rolls and the SBE Non Unitary Tax Roll

Page 807 of 877 ends

CITY OF BEAUMONT

Property Tax Levies and Collections
Last Ten (10 Calendar Years)

135
Fiscal Year Total Tax Current Percent of Collections
Ended Levy for Tax Current Taxes in Subsequent Percentage June 30 Fiscal Year Collections Collected Years Amount of Levy 2013 2,309,158$ 2,497,216$ 108.1% 102,869$ 2,600,085$ 112.6% 2014 2,425,467 2,884,144 118.9% 128,141 3,012,285 124.2% 2015 2,863,392 3,321,742 116.0% 139,009 3,460,752 120.9% 2016 3,148,647 3,578,931 113.7% 132,853 3,711,784 117.9% 2017 3,380,352 3,908,158 115.6% 129,042 4,037,200 119.4% 2018 3,676,718 4,114,723 111.9% 131,947 4,246,669 115.5% 2019 4,059,559 4,539,114 111.8% 143,229 4,682,344 115.3% 2020 4,507,968 4,972,808 110.3% 159,844 5,132,652 113.9% 2021 5,140,701 5,072,476 98.7% 100,766 5,173,242 100.6% 2022 6,531,082 6,288,648 96.3% 91,862 6,380,510 97.7% Fiscal Year of the Levy Total Collections to Date
Collected within the

Source: Riverside County Auditor-Controller Property Tax Division

Page 808 of 877 ends

CITY OF BEAUMONT Ratios of Outstanding Debt by Type Last Ten (10) Fiscal Years 136 AB 1484 Total Percentage Fiscal Lease Beaumont Public Payable to WRCOG Due Diligence Revenue Bond Lease Primary of Personal Per Year Liability Financing Authority Successor Agency Judgement Review Bonds Premium Liability Government Income Capita1.2013 -$ -$ -$ 42,994,879$ -$ 8,580,000$ -$ -$ 51,574,879$ 186% 1,297 2014 - - - 42,994,879 2,575,912 8,430,000 - - 54,000,791 186% 1,321 2015 - - 4,235,674 62,198,626 2,575,912 - - - 69,010,212 153% 1,689 2016 - - 4,235,674 4,100,000 2,275,912 - - - 10,611,586 976% 235 2017 79,323 205,668,880 - 4,100,000 1,975,912 - - - 211,824,115 1787% 4,587 2018 186,483 91,881,186 - - 1,675,912 - - 346,313 94,089,894 5299% 1,951 2019 297,242 88,605,000 - - 1,375,912 81,105,000 9,469,765 268,459 181,121,378 137% 3,742 2020 251,240 84,839,620 - - 1,075,912 80,105,000 8,495,497 183,671 174,950,940 151% 3,399 2021 152,680 79,681,849 - - 775,912 78,860,000 7,842,647 99,306 167,412,394 166% 3,178 2022 756,608 76,583,778 - - - 77,565,000 7,217,363 3,658 162,126,407 170% 1,604 Business-Type ActivitiesGovernmental Activities Note: Details regarding the City’s outstanding debt can be found in the notes to the financial statements. 1 See the Schedule of Demographic and Economic Statistics on page 142 for personal income and population. Source: City of Beaumont Finance DepartmentPage 809 of 877

CITY OF BEAUMONT

Direct and Overlapping Governmental Activities Debt
As of June 30, 2022

137
2021-2022 Assessed Valuation 6,702,569,778$
Total Debt Percent
DIRECT AND OVERLAPPING TAX AND ASSESSMENT DEBT: 6/30/22 Applicable (1) Debt 6/30/22 CFD 93-1 IA 1 304,023$ 100.000% 434,579$
CFD 93-1 IA 2 30,037 100.000% 42,936
CFD 93-1 IA 3 1,790,000 100.000% 1,915,000
CFD 93-1 IA 4 524,398 100.000% 749,812
CFD 93-1 IA 5 472,258 100.000% 675,059
CFD 93-1 IA 6A1 25,027,537 100.000% 26,362,821
CFD 93-1 IA 6B - 100.000% -
CFD 93-1 IA 7A1 9,510,000 100.000% 9,745,000
CFD 93-1 IA 7B 3,620,000 100.000% 3,760,000
CFD 93-1 IA 7C 1,435,000 100.000% 1,435,000
CFD 93-1 IA 7D 3,485,000 100.000% 3,560,000
CFD 93-1 IA 8 5,730,000 100.000% 6,150,000
CFD 93-1 IA 8A 5,183,108 100.000% 5,460,027
CFD 93-1 IA 8B 4,925,000 100.000% 5,145,000
CFD 93-1 IA 8C 27,655,745 100.000% 27,940,351
CFD 93-1 IA 8D 8,266,114 100.000% 8,315,339
CFD 93-1 IA 8E 12,385,000 100.000% 12,455,000
CFD 93-1 IA 8F 12,720,000 100.000% 12,780,000
CFD 93-1 IA 9 330,000 100.000% 355,000
CFD 93-1 IA 10 1,175,000 100.000% 1,255,000
CFD 93-1 IA 11 730,000 100.000% 780,000
CFD 93-1 IA 12 730,000 100.000% 780,000
CFD 93-1 IA 14 5,415,000 100.000% 5,820,000
CFD 93-1 IA 14A 10,700,000 100.000% 11,395,000
CFD 93-1 IA 14B 3,311,685 100.000% 3,456,137
CFD 93-1 IA 16 5,645,000 100.000% 5,985,000
CFD 93-1 IA 17A 8,075,000 100.000% 8,075,000
CFD 93-1 IA 17B 11,125,000 100.000% 11,540,000
CFD 93-1 IA 17C 8,610,000 100.000% 8,660,000
CFD 93-1 IA 18 3,840,000 100.000% 4,075,000
CFD 93-1 IA 19A 15,205,000 100.000% 16,010,000
CFD 93-1 IA 19C 17,039,618 100.000% 17,661,442
CFD 93-1 IA 20 2,615,000 100.000% 2,615,000
CFD 2016-1 8,465,000 100.000% 8,630,000
CFD 2016-2 9,945,000 100.000% 10,135,000
CFD 2016-4 4,005,000 100.000% 4,080,000
CFD 2019-1 2,305,000 100.000% 2,355,000
CFD 2018-1 IA-1 Beaumont USD 4,905,000 100.000% 4,905,000 TOTAL DIRECT AND OVERLAPPING TAX AND ASSESSMENT DEBT 255,493,503$ Source: Webb Municipal Finance, LLC, City of Beaumont Finance Department, the County of Riverside, Beaumont Unified School District, Mount San Jacinto Community College, and the San Gorgonio Memorial Healthcare District

Page 810 of 877 ends

138
DIRECT AND OVERLAPPING GENERAL FUND OBLIGATION DEBT:

Beaumont Unified School B & I (0.07777%) 114,620,539$ 82.392% 82,562,937$ MT San Jacinto Comm (0.01320%) 253,195,000 6.233% 164,385,000 San Gorgonio Memorial Healthcare District (0.06242%) 100,090,000 59.665% 106,565,000 City of Beaumont Lease Liability 756,608 100.000% 756,608 TOTAL GROSS DIRECT AND OVERLAPPING GENERAL FUND OBLIGATION DEBT 354,269,545$ OVERLAPPING TAX INCREMENT DEBT: 257,970,000$ 3.862-100% 36,362,296$ TOTAL DIRECT DEBT 756,608
TOTAL OVERLAPPING OBLIGATION DEBT 645,368,736
COMBINED TOTAL DEBT 646,125,344$ (2)
Ratios to 2021-22 Assessed Valuation:

Total Overlapping Debt (excluding tax increment)…….………………… 3.81% Total Direct Debt ($38,984)…………….…………………………………0.01%
Combined Total Debt (excluding tax increment)………………………… 9.64% Ratios to Redevelopment Incremental Valuation ($1,299,120,312):

Total Overlapping Tax Increment Debt…………………………………….2.80% (2) Excludes tax and revenue anticipation notes, enterprise revenue, mortgage revenue and non-bonded capital lease obligations. Qualified Zone Academy Bonds are included based on principal due at maturity.
(1) The percentage of overlapping debt applicable to the city is estimated using taxable assessed property value. Applicable percentages were estimated by determining the portion of the overlapping district's assessed value that is within the boundaries of the city divided by the district's total taxable assessed value.

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CITY OF BEAUMONT

Computation of Legal Debt Margin
Last Ten (10) Fiscal Years

139
2013 2014 2015 2016
Debt Limit 101,312,511$ 106,258,844$ 125,732,218$ 138,385,746$ Total net debt applicable to limit - - - - Legal debt margin 101,312,511$ 106,258,844$ 125,732,218$ 138,385,746$ Total net debt applicable to the limit
as a percentage of debt limit 0.00% 0.00% 0.00% 0.00%
Source: California Municipal Statistics, Riverside County Auditor-Controller Property Tax Division

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140
2017 2018 2019 2020 2021 2022
148,643,348$ 161,750,651$ 178,125,370$ 197,598,651$ 225,811,711$ 251,346,367$ 96,158 132,444 167,456 78,046 251,240 760,266 148,547,190$ 161,618,207$ 177,957,914$ 197,520,605$ 225,560,471$ 250,586,101$

0.06% 0.08% 0.09% 0.04% 0.11% 0.30%
Net Assessed Value 6,581,880,325
Plus Exempt Property 120,689,453
Total Assessed Value 6,702,569,778$
Debt Limit: 3.75 percent of Total
Assessed Value 251,346,367
Debt applicable to Limitation:

Net Combined applicable to Limitation 646,129,002
Total Debt applicable to Limitation 760,266
Legal Debt Margin 250,586,101$

Page 813 of 877 ends

CITY OF BEAUMONT

Pledge-Revenue Coverage
Last Ten (10) Fiscal Years

141
Operating Net Revenue
Fiscal Gross Expenses Available for Debt Service
Year Revenues Less Depreciation Debt Service Requirements Coverage 2013 4,495,141$ 5,621,489$ (1,126,348)$ 150,000$ -751% 2014 7,824,125 3,591,728 4,232,397 189,777 2230% 2015 7,783,112 5,038,318 2,744,794 160,000 1715% 2016 8,093,961 3,611,202 4,482,759 - N/A 2017 9,775,709 4,734,121 5,041,588 - ** N/A 2018 9,360,710 3,584,743 5,775,967 - ** N/A ** 2019 10,375,954 5,244,292 5,862,787 1,661,355 353% ** 2020 11,091,715 4,954,754 10,956,369 4,868,688 225% ** 2021 12,073,223 5,101,833 6,971,390 5,073,788 137% ** 2022 12,207,746 6,245,158 5,962,588 5,072,988 118% Wastewater Revenue Bonds

Note: Details regarding the city's outstanding debt can be found in the notes to the financial statements.

Operating expenses do not include interest or depreciation.

Source: City of Beaumont Finance Department

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CITY OF BEAUMONT

Demographic and Economic Statistics
Last Ten (10) Fiscal Years

142
Per
Capita Unemployment
Calendar Personal Personal Rate Median % of Pop 25+ with % of Pop 25+ with Year Population
1*Income 2*Income * (percentage) * Age * High School Degree* Bachelors Degree 2013 40,876 958,297$ 23,444 9.50% 33 87% 26.4% 2014 40,853 1,007,108 24,652 4.90% 33 86% 25.2% 2015 45,118 1,054,947 23,381 4.00% 34 87% 25.4% 2016 46,179 1,035,820 22,430 3.60% 35 87% 24.5% 2017 48,237 1,099,759 22,799 3.00% 34 87% 24.5% 2018 48,401 1,170,336 24,179 3.30% 35 87% 25.1% 2019 51,475 1,269,357 24,659 3.30% 35 88% 25.3% 2020 52,686 1,361,682 25,845 8.60% 35 88% 26.1% 2021 54,937 1,388,915 26,362 7.90% 35 88% 26.2% 2022 54,690 1,647,481 30,124 3.60% 34 89% 26.0% Sources: 1 State of California, Department of Finance. 2 California Employment Development Department, * 2000-2009 Income, Age and Education Data: ESRI - Demographic Estimates are based on the last available Census. Projections are developed by incorporating all of the prior census data released to date.

Demographic Data is totaled from Census Block Groups that overlap the City's boundaries 2010 and later - Income, Age and Education Data - US Census Bureau, most recent American Community Survey.

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CITY OF BEAUMONT

Principal Employers
Current Fiscal Year

143
2013 *
Percentage Percentage
of total City of total City
Employer Employees Rank Employment Employees Rank Employment Amazon 3,000 1 36.76% N/A 0.00%
Beaumont Unified School District 1,467 2 17.98% 639 1 17.23% CJ Foods 598 3 7.33% N/A 0.00%
Walmart 526 4 6.45% 100 2 2.70%
Total 5,591 68.51% 739 19.92%
2022

Total number of jobs within City limits provided by Employment Development Department, Labor Market Information Division
*Principal employer information available for FY 2013, as required by GASB-S44:33.

Source: Primary Employers Source ESRI and Economics

Page 816 of 877 ends

CITY OF BEAUMONT

Full-Time Equivalent City Government Employees by Function Last Ten (10) Fiscal Years

144
2013 2014 2015 2016 2017 2018 2019 2020 2021 2022
Function
Administration
Admininstration 20 20 17 11 11 17 9 9 8 8 City Clerk 1 1 1 1 1 2 2 2 2 2 City Council 5 5 5 5 5 5 5 5 5 5 Finance - - - - - - 7 7 7 7 Human Resources - - - - - - 2 2 2 3 Information Technology - - - - - - 1 1 3 4 Public safety
Animal Control 5 5 4 3 2 3 2 2 2 2 Police Officers 43 43 42 37 38 43 43 43 43 49 Police Support 19 19 16 12 16 16 17 17 17 18 Community Development
Planning 7 7 1 3 2 7 7 7 7 7 Community Enhancement 1 1 2 2 2 2 2 2 2 2 Building and Safety 4 5 5 4 4 4 4 4 5 5 Community Services
Parks and Recreation 17 17 19 15 16 9 8 8 5 5 Grounds Maintenance/Streets 19 19 12 6 8 19 20 20 20 20 Pool* 15 15 8 8 8 8 8 8 8 - Public Works
Public Works 3 3 2 2 2 3 3 4 7 7 Street Maintenance 2 2 2 2 2 5 5 5 5 7 Wastewater - - - - 3 7 7 12 11 15 Transit 22 22 22 25 25 26 26 26 23 23 Total: 183 184 157 135 143 175 177 183 181 188

*FY2012, 2013, and 2014 Lifeguards were counted as 1 FTE instead of 0.5 FTE (part-time)

Source: City of Beaumont Finance Department

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CITY OF BEAUMONT

Operating Indicators by Function
Last Ten (10) Fiscal Years

145
2013 2014 2015 2016 2017 2018 2019 2020 2021 2022
Function
Police
Calls for service 32,628 31,667 29,852 30,753 26,357 26,526 27,277 32,056 27,506 46,253 Citations issued by Officers 3,562 4,611 2,320 1,308 2,667 1,702 1,398 1,711 1,036 4,132 Physical arrests 1,795 1,621 1,281 1,434 1,529 1,254 891 821 1,036 1,377 Fire
Total number of calls answered 2,871 3,020 3,177 3,186 3,225 3,618 3,886 4,282 3,879 4,244 % of calls for medical aid 83.4% 81.0% 83.7% 85.0% 82.2% 82.5% 81.7% 80.2% 84.0% 75.0% Highways and streets
Street resurfacing (miles) N/A N/A N/A N/A 0.65 1.05 9 20 28 29 Potholes repaired N/A N/A N/A N/A 49 100 395 638 494 618 Wastewater
Average daily sewage treatment 2.790 3.080 3.080 3.160 3.270 3.390 3.670 3.820 3.700 3.595 (million gallons)

Note: Fire services are contracted through the County of Riverside.

Source: City of Beaumont Public Works and Police Departments, and Riverside County Fire Services

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CITY OF BEAUMONT Capital Assets Statistics by Function Last Ten (10) Fiscal Years 146 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022FunctionPublic safety * PoliceVehicles Added Value 85,000 60,000 140,000 - 188,738 247,760 89,268 187,282 487,242 526,164 Highways and streetsStorm Drain Added Value - - - - - 1,184,800 1,596,757 - 4,001,608 185,007 Street Improvements - - - - 399,000 - - 1,395,105 25,352,242 5,854,301 Culture and recreationParks Added Value - - - - - 2,208,322 3,600,000 1,050,000 - 6,385,002 SewerSewer Line Added Value 2,291,354 1,560,925 - 131,226,200 - - 3,676,047 3,950,198 - - Lift Station Added Value 72,974 - 302,719 - 172,238 969,346 - 3,352,629 - 185,501 Treatment Plant Expansion - - - 14,684 427,311 2,236,307 15,377,340 26,290,328 20,188,903 7,046,105 Brine Pipeline - - 3,334 - 613,161 1,103,175 18,128,897 16,538,109 2,073,430 412,677 * Fire services are contracted through the County of Riverside Fire Dept. Sources: City of Beaumont Public Works and Police Departments, Riverside County Fire Department Page 819 of 877

735 E. Carnegie Dr. Suite I 00
San Bernardino , CA 92408
909 889 087 1 T
909 889 536 1 F
r amscpa .net

PARTNERS
Teny P Shea. CPA
Scott W Manno. CPA. CGMA
Leena Shanbhag. CPA. MST. CGMA
Br·adferd A. Welebir. CPA. MBA. CGMA
Jenny W Liu. CPA. MST
Brenda L Odle. CPA, MST 1Parrner Emer·irus l

MANAGERS / STAFF
Gar·denya Duran, CPA. CGMA
Br·ianna Schulu. CPA. CGMA
Seong-Hyea Lee. CPA. MBA
Evelyn Mor·entin-Barcena. CPA
Veronrca Hernandez. CPA
Laura Arvizu. CPA
X rnlu Zoe Zhang , CPA MSA
John Maldonado, CPA. MSA
Julia Rodr·iguez Fuentes. CPA. MSA
Demi Hrte. CPA
Jeffrey McKennan, CPA

MEMBERS
Amer-ican I nstrtute of
Cernfied Public Accountants
PCPS The A/CPA A.I/ranee
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Aud,r Qual,ry Cente,
Californra Socrety of
Cen:ifred Publrc Accountants
dil5b Proud Membe r of qgp AlliottGlobalAlliance™
mm IIIJ

ROGERS , ANDERSON , MALODY & SCOTT , LLP
CERTIFIED PUBLIC ACCOUNTANTS. SINCE 1948
STABILITY. ACCURACY. TRUST.

1 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 Honorable City Council
City of Beaumont

We have audited, in accordance with auditing standards generally accepted in the United States of America and the standards applicable to financial audits contained in Government Auditing Standards issued by the Comptroller General of the United States, the financial statements of the governmental activities, business-type activities, each major fund, the aggregate discretely presented component units, and the aggregate remaining fund information of the City of Beaumont (the City) as of and for the year ended June 30, 2022, and the related notes to the financial statements, which collectively comprise the City’s basic financial statements, and have issued our report thereon dated December 20, 2022.

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 City’s financial statements will not be prevented, or detected and corrected on a timely basis. A significant deficiency is a deficiency, or a combination of deficiencies, in internal control that is less severe than a material weakness, yet important enough to merit attention by those charged with governance.

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2 Our consideration of internal control over financial reporting was for the limited purpose described in the first paragraph and was not designed to identify all deficiencies in internal control over financial reporting that might be material weaknesses or significant deficiencies and therefore, material weaknesses or significant deficiencies may exist that have not been identified. However, material weaknesses may exist that have not been identified.

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 determination of financial statement amounts. 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 City's internal control or on compliance. This report is an integral part of an audit performed in accordance with Government Auditing Standards in considering the City's internal control and compliance. Accordingly, this communication is not suitable for any other purpose.

San Bernardino, California
December 20, 2022

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City of Beaumont

Schedule of Findings
Year Ended June 30, 2022

3 A. Current Year Findings

None in the current year

B. Prior Year Findings

Findings 2021-001 Overhead Cost Allocation

Status:

Finding has been corrected.

Findings 2021-002 Billings – Segregation of Duties

Status:

Finding has been corrected.

Findings 2021-003 Adherence to Investment Policy

Status:

Finding has been corrected.

Page 822 of 877 ends

735 E. Carnegie Dr. Suite I 00
San Bernardino , CA 92408
909 889 087 1 T
909 889 536 1 F
r amscpa .net

PARTNERS
Teny P Shea. CPA
Scott W Manno. CPA. CGMA
Leena Shanbhag. CPA. MST. CGMA
Br·adferd A. Welebir. CPA. MBA. CGMA
Jenny W Liu. CPA. MST
Brenda L Odle. CPA, MST 1Parrner Emer·irus l

ROGERS , ANDERSON , MALODY & SCOTT , LLP
CERTIFIED PUBLIC ACCOUNTANTS. SINCE 1948
STABILITY. ACCURACY. TRUST.

December 20, 2022

To the Honorable City Council
City of Beaumont

We have audited the financial statements of the City of Beaumont (the City) as of and for the year ended June 30, 2022, and have issued our report thereon dated December 20, 2022. Professional standards require that we advise you of the following matters relating to our audit.

Our Responsibility in Relation to the Financial Statement Audit

As communicated in our engagement letter dated April 29, 2022, our responsibility, as described by professional standards, is to form and express an opinion 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 City’s internal control over financial reporting. Accordingly, as part of our audit, we considered the internal control of the City solely for the purpose of determining our audit procedures and not to provide any assurance concerning such internal control.

We are also responsible for communicating significant matters related to the audit that are, in our professional judgment, relevant to your responsibilities in overseeing the financial reporting process. However, we are not required to design procedures for the purpose of identifying other matters to communicate to you.

Planned Scope and Timing of the Audit

We conducted our audit consistent with the planned scope and timing we previously communicated 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.

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‐2‐
Significant Risks Identified

We have identified the possibility of the following significant risks:

Management’s override of internal controls over financial reporting: Management override of internal controls is the intervention by management in handling financial information and making decisions contrary to internal control policy.

Revenue recognition: Revenue recognition is a generally accepted accounting principle that refers to the conditions under which an entity can recognize a transaction as revenue. Auditing standards indicate that recognizing revenue is a presumed fraud risk and usually classified as a significant risk in most audits.

These significant risks are presumptive in most audits and merit attention by the auditors due to the direct impact over financial reporting and internal control processes. Although identified as significant risks, we noted no matters of management override of controls or deviations from generally accepted accounting principles which caused us to modify our audit procedures or any related matters which are required to be communicated to those charged with governance due to these identified risks.

Qualitative Aspects of the City’s Significant Accounting Practices

Significant Accounting Policies

Management has the responsibility to select and use appropriate accounting policies. A summary of the significant accounting policies adopted by the City is included in Note 1 to the financial statements. As described in Note 1 to the financial statements, during the year, the City changed its method of accounting for Leases by Adopting Governmental Accounting Standards Board (GASB) Statement No. 87 Leases. 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:

 Management’s estimate of the fair value of investments is based on information provided by financial institutions. We evaluated the key factors and assumptions used to develop the fair value of investments and determined that it is reasonable in relation to the basic financial statements taken as a whole.

 Management’s estimate of depreciation expense is based on the useful lives of acquired assets. We evaluated the key factors and assumptions used to develop depreciation expense in determining that it is reasonable in relation to the financial statements taken as a whole.

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‐3‐
 Management’s estimate of the net pension liability and related deferred inflows and outflows are based on actuarial reports provided by independent actuaries. We evaluated the key factors and assumptions used to develop the estimate in determining that it is reasonable in relation to the statements taken as a whole.

 Management’s estimate of leases receivable, deferred inflows of resources related to leases, and lease amortization is based on present value calculations using certain terms and assumptions in the lease agreements in accordance with generally accepted accounting principles. Management’s estimate of lease liabilities, right-to-use assets, and asset amortization is based on present value calculations using certain terms and assumptions in the lease agreements and estimated useful lives of assets in accordance with generally accepted accounting principles. We evaluated the key factors and assumptions used to develop the lease related estimates in determining that it is reasonable in relation to the financial statements taken as a whole.

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:

 The disclosure of fair value of investments in the basic financial statements represents amounts susceptible to market fluctuations.

 The disclosure of accumulated depreciation in the basic financial statements is based on estimated useful lives which could differ from actual useful lives of each capitalized item.

 The disclosure of net pension liability and related deferred inflows and outflows in the basic financial statements is based on actuarial assumptions. Actual future liabilities may vary from disclosed estimates.

 The disclosure of leases receivable, deferred inflows of resources related to leases, lease amortization, leases liabilities, right-to-use assets, and asset amortization in the basic financial statements is based on certain terms and assumptions in the lease agreements which could differ from actual amounts.

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

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 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 such mistatements.

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‐4‐
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 20, 2022.

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, operating and regulatory conditions affecting the City, and operational plans and strategies that may affect the risks of material misstatement. None of the matters discussed resulted in a condition to our retention as the City’s auditors.

Other Information Included in Annual Reports

Pursuant to professional standards, our responsibility as auditors for other information, whether financial or nonfinancial, included in the City’s annual reports, 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 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.

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

We were not engaged to report on introductory and statistical sections, which accompany the financial statements but are not RSI. We did not audit or perform other procedures on this other information and we do not express an opinion or provide any assurance on it.

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‐5‐
Restriction on Use

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

Very truly yours,

San Bernardino, California
December 20, 2022

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Staff Report

TO: City Council
FROM: Elizabeth Gibbs, City Manager
DATE December 20, 2022
SUBJECT: Strategic Planning Workshop 2023

Description Set date and time for a Strategic Planning Workshop to be held in 2023.

Background and Analysis:

A Strategic Planning Workshop will allow the City Council and City Management to develop a plan that will clearly define targets and goals in order to provide the City of Beaumont team with a clear direction and prioritization of city activities.

Fiscal Impact:

The cost of the strategic planning event including consultant fees to facilitate the plan is estimated at $20,000 and will come from available funds in contingency line item 100 - 1200-7900-0000.

Recommended Action:

Set a date and time for a Strategic Planning Workshop.

Page 832 of 877 ends

Staff Report

TO: City Council
FROM: Jennifer Ustation, Finance Director
DATE December 20, 2022
SUBJECT: FY 2023-24 Budget Timeline

Description Review and provide feedback on the FY 2023-24 budget timeline.

Background and Analysis:

The City of Beaumont prepares an annual operating budget and updates its five-year Capital Improvement Program (CIP) budget each year. The process generally begins in December or January and must be adopted by the City Council by June 30 of each year.

The Finance Department is beginning to coordinate the preparation of the FY 2023 -24 City Operating Budget and will coordinate with the Public Works Department as the lead department in the preparation of the CIP. The proposed timeline for the preparation and approval of the operating budget is provided below and is also depicted on the attached timeline:

 December
o Dec 20th – COUNCIL MEETING: Present proposed timeline to City Council for review
 January
o Jan 12th - Budget kickoff with department managers to discuss timeline and process
o Jan 13th – Feb 10th - Departments enter their budget line items into Incode and complete their program and enhancement sheets
o Jan – COUNCIL WORKSHOP: Strategic Planning Budget Retreat (offsite)
 February
o Feb 3rd – Wage and other expense budget items due to Finance o Feb 13th – Feb 24th - Finance Department reviews budget submittals from departments and makes any adjustments and/or corrections with departments

Page 833 of 877 ends

o Feb 13th – FINANCE COMMITTEE MEETING: Revenue planning and long-term forecasting to Finance & Audit Committee
o Feb 17th – Deadline to submit CIP requests into Cleargov by departments o Feb 22nd – CIP meeting to review CIP requests
 March
o March 1st - March 10th - City Manager and Finance meet with departments to discuss and review budgets and expiring contracts
 April
o April 7th – Deadline for department’s entry into their budget book pages into the online Cleargov budget book
o April 18th – COUNCIL WORKSHOP: City Council to receive departmental budget presentations and proposed CIP
 May
o May 8th – FINANCE COMMITTEE MEETING: Finance Committee review of proposed budget
o May 16th – COUNCIL MEETING: First review of proposed budget to City Council for review and public hearings
 June
o June 6th – COUNCIL MEETING: Final budget to City Council for approval and adoption of FY23/24 budget
o June 20th – COUNCIL MEETING: Presentation of budget book and budget message to City Council
Fiscal Impact:

The estimated cost to prepare this report is $103.

Recommended Action:

Receive and file report or provide input to staff regarding the proposed timeline.

Attachments:

A. Budget Timeline
B. FY2023-24 Budget Calendar

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2/13/2023 6/20/2023April 7th ‐ Deadline for dept May 8th ‐ Finance Committee meeting: June 6th ‐ Council meeting: Review/approve 4/7/2023 5/8/2023 6/6/20233/1/2023 3/10/2023 4/18/2023 5/16/2023March 1st ‐ March 10th: CM andFinance meet with departmentsApril 18th ‐ Council Workshop: CC May 16th ‐ Council Meeting: Review June 20th ‐ Council meeting: Presentation Dec. 20th ‐ Council Meeting: Present Proposed TimelineJan. 12th ‐ Budget kickoff with department managersJan. 28th ‐ Council Workshop:Strategic planning budget retreatFeb. 3rd ‐ Wage and other expensebudget items due to Finance12/20/2022 1/13/20231/28/20232/3/2023 2/10/2023 2/17/20232/22/2023Feb. 17th ‐ Deadline to submitCIP requests by departments2/24/20231/12/2023Feb. 13th ‐ Finance Committee Meeting:Revenue planning and long term forecastingFeb. 22nd ‐ CIP meetingto review CIP requestsPage 835 of 877

Date Item DescriptionDecember 20 Council Meeting Present proposed timeline to City Council for reviewJanuary 12 Budget Kickoff Meet with Department Managers to discuss timeline and processJan 13 ‐ Feb 10 Operating Budget Deadline Departmental operating budget entry and forms due to FinanceJanuary 28 Council Workshop Strategic Planning Budget Retreat (offsite)February 3 Operating Budget Tools Wage and other expense budget items due to FinanceFebruary 13‐24 Budget Submission Review Finance reviews budget submissionsFebruary 13 Finance Committee Meeting Revenue planning and long‐term forecasting reviewFebruary 17 Capital Request Deadline Deadline to submit capital budget requests into Cleargov by departmentsFebruary 22 Capital Request Review CIP meeting to review capital budget requestsMar 1 ‐ Mar 10 Admin Budget Review City Manager and Finance to hold departmental budget review meetingsApril 7 Budget Book Entry Deadline Deadline for department's entry into Cleargov budget bookApril 18 Council Workshop City Council to receive departmental budget presentations and proposed CIPMay 8 Finance Committee Meeting Finance Committee review of proposed budgetMay 16 Formal Budget Presented First review of proposed budget to City Council for review and public hearingsJune 6 Budget Adoption Final budget to City Council for approval and adoption of FY23/24 budgetJune 20 Budget Book and Message Presentation of budget book and budget message to City CouncilFY 2023/24 BUDGET CALENDARPage 836 of 877

Staff Report

TO: City Council
FROM: Sean Thuilliez, Chief of Police
DATE December 20, 2022
SUBJECT: Authorize Changes to Position Allocation

Description Police Administration has been evaluating staffing levels, calls for service, and the need for additional supervision. The Police Department seeks to add an additional Lead Dispatcher and Police Corporal.

Background and Analysis:

The Police Department currently has nine (9) full-time dispatchers which includes one (1) Lead Dispatcher. This current staffing allows two dispatchers to be assigned to four primary shifts and one Lead who works a cover shift to ensure quality control and relief when needed during the department’s busiest times.

The Police Department is requesting to eliminate one part-time/on-call dispatcher position and add one (1) additional Lead Dispatcher position for seven days a week cover shift and first level supervision within the dispatch center.

The Police Department currently has six (6) Police Corporals to assist in the supervision of sworn personnel and professional staff. The supervision of sworn personnel/teams/shifts is best shared between a Police Sergeant and a Police Corporal.

The department’s four core patrol teams were staffed with both a sergeant and a corporal.

However, with the creation of the motor/traffic unit and the complexities of their duties, including vehicular homicides, fatal collisions, risk management, all collision report reviews and approvals to name a few, it necessitates having a Police Corporal assigned to this unit. This left one patrol team without a Police Corporal (the fifth is assigned to Investigations and the sixth to K9/Asset Forfeiture).

The primary duties of a Police Corporal include but are not limited to assisting the Patrol Sergeant with administrative and supervisory responsibilities as needed , monitor field operations while performing the duties of a Police Off icer, lead and mentor other Police

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Officers, respond to unusual situations in the field and assist other officers as needed, and perform the duties of a Patrol Sergeant in that person’s absence.

The Corporal is expected to act in the capacity of a Sergeant, performing supervisory responsibilities in the absence of, or at the direction of, the Sergeant. The Corporal is expected to perform field supervision of patrol activities, supervise, and personally perform investigative work and perform assigned administrative activities in carrying out the direction of the Chief of Police.

Fiscal Impact:

The elimination of the Part-Time/ On-Call Dispatcher (PSD OC-02) and the addition of a Lead Dispatcher position (PSD LD-02) is estimated at $42,500 for the remainder of the fiscal year.

The elimination of a Police Officer (PO-35) position and the addition of a Police Corporal (PC-07) position is estimated at $4,000 for the remainder of the fiscal year.

The personnel expense increase will be absorbed within the current budget.

Recommended Action:

Authorize one additional Lead Dispatcher (PSD LD-02) in Department 2090 and eliminate one Part-Time/On-Call Dispatcher (PSD OC-02).

Authorize one additional Police Corporal (PC-07) in 2050 and eliminate one Police Officer position (PO-35).

Attachments:

A. Police Department Organization Chart
B. Personnel Projection Costs

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Nov 2022

BEAUMONT POLICE DEPARTMENT

ORGANIZATIONAL CHART

Operations Captain
Sr. Investigators
Chuck Cervello (Gangs/SAU)
Joe Hensley (Trl Prep.)

Bruce Moore (Blythe)
John Morrison (Trial Prep)
Patti Phoenix (Trial Prep)
Jeff Reed (Trial Prep) eff.2/16
Tom Reid (Hom/SAU)
Rich Twiss (Trial Prep)
Steve Williams (Elder Abuse)

I.T.s
Sr. – Sara Gil (Trial Prep)
Lorena Avina (Subs)
Sandra Brown (Dispatch)
Judy Smith (Subs)
Claudio Tagle (Trial Prep)

Maggie Duran
Toni Flores (Ch.Rec.)

Forensic Techs
Marvin Spreyne
John Bullard
Public Safety
Dispatchers
(8)

Chief of Police
Jim Bayne
Supervising Investigator
Sr. Investigators III/II
III –Jose Rodriguez (Hom/SAU)
III–Javier Garcia (Trib. Gaming)
II – Mark Tate (Ch. Rec. Unit)

Citizen
Volunteers
(varies)
Explorers
(varies)
Patrol
Sergeant
Dayshift

Detective Sergeant
Detectives (3)
GIT Detective
(1)
Property &
Evidence (1.5)

Business Liaison
Officer (1)
Support
Services
(3.5)

School Resource
Officer (2)
Support
Lieutenant
Operations
Lieutenant

Corporal
s MET Officers
(3)
Cadets
Part-time (3)
Part-time
Public Safety
Dispatchers
(1)

RAID
Detective (1)
Rick Nelson
Assistant Chief

PACT Detective
(1)
MET Team
Sergeant

Dispatch
Lead
(2)

COPPS Sergeant
Motor/Traffic
Cpl (1) / Officer (3)
Animal Control
(2)
Patrol
Officers
(3)
GTF Detective
(1)
Support
Services
Supervisor

CSO
Corporal (1)
Homeless Liaison
Officer (1)
K-9
Corporal (1)
Admin Sergeant / PSB Support Captain

Support Services (1)
Swing Shifts (2)
CSO
Administrative Services Manager / PIO
Backgrounds, Training,
and Internal Affairs
Corporal

Corporal Corporal
Patrol
Officers
(3)

Patrol
Officers
(3)
Patrol
Officers
(3)
Patrol
Sergeant
Nightshift
Patrol
Sergeant
Nightshift
Patrol
Sergeant
Dayshift
Swing Shifts (2)
CSO
K-9 Officer
(1)

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FUND 100 100.0% of Payroll Completed
2090 Police Support 100.0% of Year Complete

1.5 2 2 2 2 3 2 2 2 2 2 3.5

APPROPRIATIONS
60 - PERSONNEL SERVICES YTD
%
Expended
2022/2023

CURRENT
TOTAL
BUDGET
ACTUAL
JULY
ACTUAL
AUG
ACTUAL
SEPT
ACTUAL
OCT
ACTUAL
NOV
ACTUAL
DEC

MID YEAR

TOTALS JAN FEB MAR APRIL MAY JUNE
2022/2023
TOTAL

ESTIMATED

EXPENDITURES
BUDGET

REMAINING
Full Year
Projected
% Expended NOTES
Salaries/Sick Leave/Holiday/Vacation 38.3% 1,521,398.00 58,298.33 83,905.85 100,445.39 94,382.18 93,792.02 151,233.14 582,056.91 97,360.42 97,360.42 97,360.42 97,360.42 97,360.42 170,380.74 1,239,239.74 282,158.26 81.5% NEW PERSONNEL COSTS 0.0% - 7,000.00 7,000.00 7,000.00 7,000.00 7,000.00 7,000.00 42,000.00 (42,000.00) 0.0% Overtime 165.0% 35,000.00 4,664.24 7,664.12 6,872.61 8,515.42 9,292.53 20,757.27 57,766.19 9,654.90 9,654.90 9,654.90 9,654.90 9,654.90 16,896.08 122,936.77 (87,936.77) 351.2% Accrued Time CO/Other Comp/WC/Disability/Life Ins 34.3% 187,014.00 4,437.00 489.75 38,467.41 660.64 18,830.00 1,200.00 64,084.80 6,000.00 25,000.00 6,000.00 6,000.00 25,000.00 6,750.00 138,834.80 48,179.20 74.2% Health/Dental/Vision 43.5% 329,165.00 4,723.97 18,279.53 20,286.17 58,245.28 20,002.72 21,567.48 143,105.15 23,850.00 23,850.00 23,850.00 23,850.00 23,850.00 23,850.00 286,205.15 42,959.85 86.9% PERS/PEPRA 54.3% 310,680.00 112,073.91 9,508.06 10,895.25 9,888.72 10,543.73 15,835.98 168,745.65 10,904.37 10,904.37 10,904.37 10,904.37 10,904.37 33,394.62 256,662.11 54,017.89 82.6% Medicare/FICA/PARS 39.7% 26,600.00 981.72 1,392.18 2,183.30 1,562.19 1,838.10 2,597.86 10,555.35 1,800.23 2,085.23 1,800.23 1,800.23 2,085.23 3,015.40 23,141.90 3,458.10 87.0% Health/Fitness 7.6% 13,500.00 452.93 - - 574.65 - - 1,027.58 - 600.00 - - 600.00 - 2,227.58 11,272.42 16.5% Uniforms 38.0% 22,800.00 325.00 1,550.00 1,800.00 1,600.00 1,600.00 1,800.00 8,675.00 1,800.00 1,800.00 1,800.00 1,800.00 1,800.00 1,800.00 19,475.00 3,325.00 85.4% TOTAL PERSONNEL SERVICES 42.4%2,446,157.00 185,957.10 122,789.49 180,950.13 175,429.08 155,899.10 214,991.72 1,036,016.62 158,369.92 178,254.92 158,369.92 158,369.92 178,254.92 263,086.84 2,130,723.04 315,433.96 87.1% # of Payperiods per month --->

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BILLING DEPARTMENT
[email protected]
REPLY TO:

Palm Springs, California
December 7, 2022
CITY OF BEAUMONT PROFESSIONAL SERVICES THRU: 11/30/2022 TOTAL DUE: $102,443.00
Sincerely,

SBEMP,LLP
By: Accounting Department

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SLOVAK BARON EMPEY MURPHY & PINKNEY LLP
Palm Springs, CA
T (760) 322-2275
Indian Wells, CA
T (760) 322- 9240
Orange County, CA
T (714) 435-9591
San Diego, CA
T (619) 501-4540
New Jersey
T (609) 955-3393
New York
T (212) 829-4399
www.sbemp.com
1800 E Tahquitz Canyon Way
Palm Springs, CA 92262
Fed. ID #33-0833010
Telephone 760-322-2275
Facsimile 760-322-2107
December 7, 2022
City of Beaumont

E-MAIL INVOICES
Our file no:

City of Beaumont*I.S.

Professional services through: 11/16/2022: Invoice # 75926 Amount
BALANCE DUE – PLEASE SUBMIT PAYMENT: $19,305.00

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E-MAIL INVOICES
Our file no:

City of Beaumont*Abrego
Professional services through: 11/30/2022: Invoice # 75795 Amount
BALANCE DUE – PLEASE SUBMIT PAYMENT: $926.25

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E-MAIL INVOICES
Our file no:

City of Beaumont*Gregg
Professional services through: 11/30/2022: Invoice # 75797 Amount
BALANCE DUE – PLEASE SUBMIT PAYMENT: $467.50

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E-MAIL INVOICES
Our file no:

City of Beaumont*Iloputaife
Professional services through: 11/30/2022: Invoice # 75799 Amount
BALANCE DUE – PLEASE SUBMIT PAYMENT: $22,277.15

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E-MAIL INVOICES
Our file no:

City of Beaumont*Police Dept
Professional services through: 11/30/2022: Invoice # 75801 Amount
BALANCE DUE – PLEASE SUBMIT PAYMENT: $3,011.40

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E-MAIL INVOICES
Our file no:

City of Beaumont*Sandoval
Professional services through: 11/30/2022: Invoice # 75802 Amount
BALANCE DUE – PLEASE SUBMIT PAYMENT: $247.50

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E-MAIL INVOICES
Our file no:

City of Beaumont-NobleCreekRev
Professional services through: 11/30/2022: Invoice # 75805 Amount
BALANCE DUE – PLEASE SUBMIT PAYMENT: $13,121.10

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E-MAIL INVOICES
Our file no:

City of Beaumont-OverRetainer
Professional services through: 11/30/2022: Invoice # 75806 Amount
BALANCE DUE – PLEASE SUBMIT PAYMENT: $35,587.10

Page 849 of 877 ends

E-MAIL INVOICES
Our file no:

City of Beaumont-Retainer
Professional services through: 11/30/2022: Invoice # 75807 Amount
BALANCE DUE – PLEASE SUBMIT PAYMENT: $7,500.00

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Beaumont City CouncilDecember 20, 2022

Beaumont City Council
December 20, 2022