Brentwood City Council
December 9, 2025

Notes to the Basic Financial Statements
NOTE #8 – CLASSIFICATION OF NET POSITION
In the Government-Wide Financial Statements, net position is classified in the following categories:
• Net Investment in Capital Assets and Capacity Rights – This category groups all capital assets, including infrastructure, into one component of net position. Accumulated depreciation, and the outstanding balances of debt which are attributable to the acquisition, construction or improvement of these assets, reduce this category.
• Restricted – This category presents external restrictions imposed by creditors, grantors, contributors or laws or regulations of other governments. • Unrestricted – This category represents the net position of the City, which is not restricted for any project or other purpose.

NOTE #9 – POST-RETIREMENT HEALTH CARE BENEFITS
A. GENERAL INFORMATION ABOUT THE CITY’S RETIREE HEALTHCARE PLAN Plan Benefits and Benefits Provided
In addition to the pension benefits described in Note #10, the City provides certain post-retirement health care benefits. The City’s Retiree Healthcare Plan (“Plan”) is a defined benefit healthcare plan administered by the City. Benefit provisions are established and may be amended through agreements and memorandums of understanding between the City and its employees. The City provides retiree medical benefits through the CalPERS healthcare program, Public Employees’ Medical and Hospital Care Act (PEMHCA). During FY 2009/10, the City Council passed a resolution to participate in the CERBT program, an irrevocable trust established to fund OPEB. CERBT is an agent multiple-employer defined benefit other postemployment benefits plan administrated by CalPERS, and is managed by an appointed board not under the control of the City Council. CERBT consists of participating employers of the State of California and public agencies. Individual employers may establish more than one plan.

CERBT was established by Chapter 331 of the 1988 California Statutes, and employers elect to participate in the CERBT to pre-fund health, dental, and other non-pension postemployment benefits for their retirees and survivors, if applicable. CERBT has pooled administrative and investment functions, while separate employer accounts are maintained to prefund and pay for health care or other postemployment benefits in accordance with the terms of the participating employers’ plans.

There are three CalPERS Board approved investment strategies for employers to choose from depending on their expected levels of return and volatility. Benefit provisions are established by participating employers.

The City covers premiums, subject to caps dependent on hire date for eligible retirees, with service or disability retirement directly from the City under CalPERS. Coverage extends to dependents and surviving spouses. No dental, vision or life insurance benefits are provided. The City has two benefit tier levels as shown on the following page:

91 2024/25 Annual Comprehensive Financial Report

Notes to the Basic Financial Statements
NOTE #9 – POST-RETIREMENT HEALTH CARE BENEFITS (Continued) Employees Covered by Benefit Terms
Membership in the plan consisted of the following at the most recent actuarial valuation date of June 30, 2023:

B. NET OPEB LIABILITY
Actuarial Methods and Assumptions
The City’s Net OPEB Liability was measured as of June 30, 2024 and the total OPEB liability used to calculate the Net OPEB Liability was determined by an actuarial valuation dated June 30, 2023, rolled forward to June 30, 2024 using standard update procedures, based on the following actuarial methods and assumptions:

Eligibility Retire directly from the City under CalPERS (Age 50 (1) with 5 years CalPERS service, or disability) Medical City paid premium, subject to caps:

Misc Safety Misc (3) Safety
(3) Misc Safety
2024 1,326.63 1,500.00
2025 +(2) 1,326.63 1,500.00
Surviving Spouse 100% of retiree benefit continues to surviving spouse if retiree elects CalPERS survivor annuity Other No dental, vision, life, or Medicare Part B reimbursement (1) Age 52 for Miscellaneous PEPRA employees.
(2) Based on Basic (non-Medicare) premiums.
(3) Not less than Kaiser single premium.
(4) PEMHCA Minimum is $158 for 2025.

Kaiser Dual PEMHCA Minimum (4)
Hired < 7/1/12
Retire < 7/1/12 Retire ≥ 7/1/12
Kaiser Dual $154
Hired ≥ 7/1/12
Number of
Covered
Participants
Active employees 313
Inactive employees or beneficiaries currently receiving benefits 174 Inactive participants entitled to, but not yet receiving benefit payments 33 Total 520
92 2024/25 Annual Comprehensive Financial Report

Notes to the Basic Financial Statements
NOTE #9 – POST-RETIREMENT HEALTH CARE BENEFITS (Continued) The underlying mortality improvement assumptions were based using 80% of on the Scale MP-2020 and all other actuarial assumptions used in the June 30, 2023 valuation were based on the results of a CalPERS experience study.

The long-term expected rate of return on OPEB plan investments was determined using a building block method in which expected future real rates of return (expected returns, net of OPEB plan investment expense and inflation) are developed for each major asset class. These ranges are combined to produce the long-term expected rate of return by weighting the expected future real rates of return by the target asset-allocation percentage and by adding expected inflation. The target allocation and best estimates of arithmetic real rates of return for each major asset class are summarized on the following page:

Actuarial Assumption June 30, 2024 Measurement Date
Actuarial Valuation Date June 30, 2023
Contribution Policy
- City contributes 85% of ADC
- Once 85% funded ratio is reached, contributions (as a percentage of payroll) maintained until 100% funded ratio attained

6.00% at June 30, 2024

6.00% at June 30, 2023
Expected Long-Term Rate of
Return on Investments
Expected City contributions projected to keep sufficient plan assets to pay all benefits from trust
General Inflation 2.50% annually
Mortality, Retirement,
Disability, Termination CalPERS 2021 Experience Study
Mortality Improvement Projected fully generational with Scale MP-2020 Salary Increases Aggregate - 2.80% anually
Merit - CalPERS Nov 2021 Experience Study
Non-Medicare - 7.00% for 2024, decreasing to an ultimate rate of 3.94% in 2075 Medicare - 5.84% for 2024, decreasing to an ultimate rate of 4.00% in 2075 PEMHCA minimum increases 3.50% annually
Hired < 7/1/12: 100%
Hired > 7/1/12: 60%
Discount
Rate
Healthcare participation
Medical Trend
93 2024/25 Annual Comprehensive Financial Report

Notes to the Basic Financial Statements
NOTE #9 – POST-RETIREMENT HEALTH CARE BENEFITS (Continued) Discount Rate
The discount rate used to measure the total OPEB liability was 6.0%. The projection of cash flows used to determine the discount rate assumed that City contributions are made at rates equal to the actuarially determined contribution rates. Based on those assumptions, the OPEB plan’s fiduciary net position was projected to be available to make all projected OPEB payments for current active and inactive employees and beneficiaries. Therefore, the long-term expected rate of return on OPEB plan investments was applied to all periods of projected benefit payments to determine the total OPEB liability.

C. CHANGES IN NET OPEB LIABILITY
The following summarizes the changes in the Net OPEB Liability:

Commodities
Target
Allocation(1)
Expected Real
Rate of Return
Asset Class Component
Global Equity 49% 4.30%
Fixed Income 23% 1.20%
Real Estate Investment Trusts (REITs) 20% 3.50%
Treasury Inflation-Protected Securities (TIPS) 5% 0.30% Commodities 3% 0.09%
Assumed Long-Term Rate of Inflation 2.50%
Expected Long-Term Net Rate of Return, Rounded 6.00%
(1) The long-term rate of return was determined using a building-block method in which best-estimate ranges of expected future real rates of return net of investment expense are developed for each major asset class. These ranges are combined to produce the long-term expected rate of return by weighting the expected future rates of return by the target allocation percentage.

Total OPEB
Liability
Fiduciary Net
Position
Net OPEB
Liability
Balances at June 30, 2024 (Measurement date June 30, 2023) $ 59,777,162 $ 25,936,094 $ 33,841,068 Changes for the year:

Service Cost 1,226,953 1,226,953 -
Interest 3,581,621 3,581,621 -
Changes of benefit terms - - -
Difference between actual and expected experience - - - Assumption changes - - -
Contributions - employer 3,541,901 - (3,541,901)
Contributions - employee - - -
Net investment income 2,848,499 - (2,848,499)
Benefit payments and refunds (1) (2,659,613) (2,659,613) - Administrative Expenses - (8,457) 8,457
Net Changes 2,148,961 3,722,330 (1,573,369)
Balances at June 30, 2025 (Measurement date June 30, 2024) $ 61,926,123 $ 29,658,424 $ 32,267,699 (1) Based on explicit benefit payment of $2,121,712 and estimated implicit benefit payment of $537,901 for 2023/24 94 2024/25 Annual Comprehensive Financial Report

Notes to the Basic Financial Statements
NOTE #9 – POST-RETIREMENT HEALTH CARE BENEFITS (Continued) Detailed information about the OPEB plan’s fiduciary net position is available in the separately issued plan financial report that may be obtained from CERBT, an agent multiple-employer plan administered by CalPERS, consisting of an aggregation of single-employer plans. CERBT issues a publicly available financial report that includes financial statements and required supplementary information. The report may be obtained from the California Public Employers’ Retiree Benefit Trust, at P.O. Box 942703, Sacramento, CA 94229-2703.

D. SENSITIVITY OF THE NET OPEB LIABILITY TO CHANGES IN THE DISCOUNT RATE AND HEALTHCARE COST TREND RATES
The following presents the Net OPEB Liability of the City, as well as what the City's Net OPEB Liability would be, if it were calculated using a discount rate that is 1 percentage-point lower (5.00%) or 1 percentage-point higher (7.00%) than the current discount rate:

The following presents the Net OPEB Liability of the City, as well as what the City's Net OPEB Liability would be, if calculated using healthcare cost trend rates that are 1 percentage-point lower or 1 percentage-point higher than the current healthcare cost trend rates:

OPEB EXPENSE AND DEFERRED OUTFLOWS/INFLOWS OF RESOURCES RELATED TO OPEB For the year ended June 30, 2025, the City recognized OPEB expense of $2,747,823. At June 30, 2025, the City reported deferred outflows and inflows of resources related to OPEB from the following sources:

5.00%
(1% Decrease)

6.00%
(Current Rate)

7.00%
(1% Increase)
Net OPEB Liability $ 32,267,699 40,500,681 $ 25,476,873 $ Discount Rate
1% Decrease Current Rate 1% Increase
Net OPEB Liability $ 32,267,699 24,613,749 $ 41,777,975 $ Healthcare Cost Trend Rate
Deferred Outflows
of Resources
Deferred Inflows
of Resources
Differences between expected and actual experience $ - $ (4,760,981) Changes of assumptions 6,076,455 (843,928)
Net difference between projected and actual earning on plan investments 192,577 - Employer contributions made subsequent to the measurement date (1) 3,355,762 - Total $ (5,604,909) 9,624,794 $
(1) Includes implicit subsidy benefit payment
June 30, 2025
95 2024/25 Annual Comprehensive Financial Report

Notes to the Basic Financial Statements
NOTE #9 – POST-RETIREMENT HEALTH CARE BENEFITS (Continued) For the year ended June 30, 2025, the City reported $3,355,762 as deferred outflows of resources related to contributions subsequent to the measurement date that will be recognized as a reduction of the Net OPEB Liability in the year ended June 30, 2026. Other amounts reported as deferred outflows of resources and deferred inflows of resources related to OPEB will be recognized as part of OPEB expense as follows:

NOTE #10 – DEFINED BENEFIT PENSION PLANS
A. PLAN DESCRIPTIONS
The City has two defined benefit pension plans, a Miscellaneous Plan and a Safety Plan. The Miscellaneous Plan is an Agent Multiple-Employer Plan and the Safety Plan is a Cost-Sharing MultipleEmployer Plan. All qualified permanent and probationary employees are eligible to participate in either the City’s Safety (Sworn) or Miscellaneous (Non-sworn) Plans, administered by CalPERS, which acts as a common investment and administrative agent for its participating member employers.

Benefit provisions under the Plans are established by State statute and City resolution. CalPERS issues publicly available reports that include a full description of the pension plans regarding benefit provisions, assumptions and membership information that can be found on the CalPERS website.

B. MISCELLANEOUS PLAN
i. General Information About the Miscellaneous Plan
a. Benefits Provided
CalPERS provides service retirement and disability benefits, annual Cost of Living Adjustments (COLA) 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 10 years of service. The death benefit is one of the following: the Basic Death Benefit, the 1957 Survivor Benefit, or the Optional Settlement 2W Death Benefit. The COLA for each plan are applied as specified by the California Public Employees’ Retirement Law (PERL).

Year ended June 30
Annual
Amortization
2026 $ (585,741)
2027 235,179
2028 (231,521)
2029 124,926
2030 806,674
Total All Years Thereafter 314,606
96 2024/25 Annual Comprehensive Financial Report

Notes to the Basic Financial Statements
NOTE #10 – DEFINED BENEFIT PENSION PLANS (Continued)
The Miscellaneous Plan’s provisions and benefits in effect at June 30, 2025 are summarized below:

Unfunded Accrued Liability Annual Payment for the Miscellaneous Plan is $1,969,492. b. Employees Covered
At the June 30, 2024 measurement date, the most recent valuation available, the following plan participants were covered by the benefit terms:
c. Contributions
Section 20814(c) of California 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. Funding contributions for the Miscellaneous Plan are determined annually on an actuarial basis as of June 30 by CalPERS. The actuarially determined rate is the estimated amount necessary to finance the costs of benefits earned by employees during the year, with an additional amount to finance any unfunded accrued liability. The City 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.

For the year ended June 30, 2025, the contributions to the Miscellaneous Plan were $7,656,662 for the employer paid contributions.

Tier 1 Tier 2 Tier 3
Hire Date
Prior to
October 1, 2010
After
September 30, 2010
After
December 31, 2012
Benefit Formula 2.7% @ 55 2% @ 60 2% @ 62
Benefit Vesting Schedule 5 years service 5 years service 5 years service Benefit Payments monthly for life monthly for life monthly for life Retirement Age 50 - 55 50 - 63 52 - 67
Monthly Benefits, as a % of Eligible Compensation 2.000-2.700% 1.092-2.418% 1.000-2.500% Required Employee Contribution Rates 8.000% 7.000% 7.50% Required Employer Contribution Rates (Normal Cost) 11.690% 11.690% 11.690% Maximum COLA 5.00% 2.00% 2.00%
Final Average Compensation Period One Year Three Years Three Years Miscellaneous Plan
Tier 1 Tier 2 Tier 3 Total
Active Employees 65 48 140 253
Inactive Employees or Beneficiaries Currently Receiving Benefits 232 Inactive Employees Entitled to but not yet Receiving Benefits 207 Total 692
Miscellaneous Plan
97 2024/25 Annual Comprehensive Financial Report

Notes to the Basic Financial Statements
NOTE #10 – DEFINED BENEFIT PENSION PLANS (Continued)
ii. Net Pension Liability
The City’s Net Pension Liability for the Miscellaneous Plan is measured as the total pension liability, less the pension plan’s fiduciary net position. The Net Pension Liability of the Miscellaneous Plan is measured as of June 30, 2024, using an annual actuarial valuation as of June 30, 2023, rolled forward using standard update procedures. A summary of principal assumptions and methods used to determine the Net Pension Liability is shown in Note #10D. iii. Changes in Net Pension Liability
The table below shows the changes in Net Pension Liability recognized over the measurement period.
a. Sensitivity of the Net Pension Liability to Changes in the Discount Rate The table below presents the Net Pension Liability, calculated using the discount rate of

6.90%, as well as what the Net Pension Liability would be if it were calculated using a discount rate that is 1 percentage-point lower (5.90%) or 1 percentage-point higher (7.90%) than the current rate.

Total Pension
Liability
Plan Fiduciary
Net Position
Net Pension
Liability/(Asset)
Balance at June 30, 2023 $ 193,462,436 $ 158,976,005 $ 34,486,431 Changes recognized for the measurement period
Service Cost $ 4,838,452 $ - $ 4,838,452
Interest on the Total Pension Liability 13,573,045 - 13,573,045 Changes in Assumptions - - -
Differences Between Actual and Expected Experience 4,830,051 - 4,830,051 Changes in Benefit Terms - - -
Net Plan to Plan Resource Movement - 221 (221)
Contribution - Employer - 7,195,997 (7,195,997)
Contribution - Employees - 2,044,828 (2,044,828)
Net Investment Income - 15,355,011 (15,355,011)
Benefit Payments, Including Refunds of Employee Contributions (8,001,855) (8,001,855) - Other Misc Income/(Expense) - - -
Administrative Expense - (129,359) 129,359
Net Changes 15,239,693 16,464,843 (1,225,150)
Balance at June 30, 2024 $ 208,702,129 $ 175,440,848 $ 33,261,281 Increase (Decrease)
Miscellaneous Plan

5.90%
(1% Decrease)

6.90%
(Current Rate)

7.90%
(1% Increase)
Net Pension Liability $ 33,261,281 63,272,732 $ 8,628,803 $ Miscellaneous Plan
98 2024/25 Annual Comprehensive Financial Report

Notes to the Basic Financial Statements
NOTE #10 – DEFINED BENEFIT PENSION PLANS (Continued)
b. Pension Plan Fiduciary Net Position
Detailed information about the pension plan’s fiduciary net position is available in the separately issued CalPERS financial reports.
iv. Pension Expenses and Deferred Outflows/Inflows of Resources Related to Pensions For the year ended June 30, 2025, the City recognized pension expense for the Miscellaneous Plan of $8,226,759. At June 30, 2025, the Miscellaneous Plan has Deferred Outflows and Deferred Inflows of Resources related to the pension plan as follows:

Deferred Outflows of Resources related to contributions subsequent to the measurement date of $7,656,662 will be recognized as a reduction of the Net Pension Liability in the year ended June 30, 2026. Other amounts reported as Deferred Outflows of Resources and Deferred Inflows of Resources related to pensions will be recognized as pension expense below:
v. Payable to the Miscellaneous Plan
The City reported a payable of $239,427 for the outstanding amount of contributions to the pension plan required for the year ended June 30, 2025.

C. SAFETY PLAN
i. General Information About the Safety Plan
The City’s Safety Plan is part of the public agency cost-sharing multiple-employer defined benefit pension plan (PERF C), which is administered by CalPERS. PERF C consists of a miscellaneous pool and a safety pool (referred to as “risk pools”), which are comprised of individual employer Deferred Outflows of
Resources
Deferred Inflows of
Resources
Pension Contributions Subsequent to Measurement Date 7,656,662 $ - $ Differences Between Actual and Expected Experience 5,133,491 (539,639) Changes in Assumptions 1,327,451 -
Net Differences Between Projected and Actual Earnings
on Plan Investments 2,418,550 -
Total $ 16,536,154 $ (539,639)
Miscellaneous Plan
Fiscal Year
Ended June 30
Annual
Amortization
2026 $ 2,142,317
2027 5,907,728
2028 720,954
2029 (431,146)
Miscellaneous Plan
99 2024/25 Annual Comprehensive Financial Report

Notes to the Basic Financial Statements
NOTE #10 – DEFINED BENEFIT PENSION PLANS (Continued)
miscellaneous and safety rate plans, respectively. Individual employers may sponsor more than one miscellaneous and safety rate plan. The employer participates in one cost-sharing multipleemployer defined benefit pension plan regardless of the number of rate plans the employer sponsors. The City sponsors three rate plans within the safety risk pool. a. Benefits Provided
CalPERS provides service retirement and disability benefits, annual COLA 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 10 years of service. The death benefit is one of the following: the Basic Death Benefit, the 1957 Survivor Benefit, or the Optional Settlement 2W Death Benefit. The COLA for each plan are applied as specified by the California PERL.

The Safety Plan’s provisions and benefits in effect at June 30, 2025, are summarized below:

Beginning in FY 2015/16, CalPERS collects employer contributions for the cost-sharing plan as a percentage of payroll for the normal cost portion as noted in the rates above and as a dollar amount for contributions toward the unfunded liability and side fund. The dollar amounts are billed on a monthly basis. In-lieu of making monthly payments, an annual lump-sum prepayment option is also available. The City’s required lump-sum contribution for the unfunded liability was $1,223,160, in FY 2024/25. b. Contributions
Section 20814(c) of the California 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 Tier 1Tier 2Tier 3
Hire Date
Prior to
September 1, 2012
After
August 31, 2012
After
December 31, 2012
Benefit Formula 3% @ 50 3% @ 55 2.7% @ 57
Benefit Vesting Schedule 5 years service 5 years service 5 years service Benefit Payments monthly for life monthly for life monthly for life Retirement Age 50 50 - 55 50 - 57
Monthly Benefits, as a % of Eligible Compensation 3.0% 2.4-3.0% 2.0-2.7% Required Employee Contribution Rates 9.00% 9.00% 13.75% Required Employer Contribution Rates 28.52% 23.00% 13.76% COLA 5.00% 2.00% 2.00%
Final Average Compensation Period One Year Three Years Three Years Unfunded Accrued Liability Annual Payment $ 1,157,943 $ 19,410 $ 45,807 Safety Plan
100
2024/25 Annual Comprehensive Financial Report

Notes to the Basic Financial Statements
NOTE #10 – DEFINED BENEFIT PENSION PLANS (Continued)
the July 1 following notice of a change in the rate. Funding contributions for the Safety Plan are determined annually on an actuarial basis as of June 30 by CalPERS. The actuarially determined rate is the estimated amount necessary to finance the costs of benefits earned necessary by employees during the year, with an additional amount to finance any unfunded accrued liability. The City is required to contribute the difference between the actuarially determined rate and the contribution rate of employees. Employer contribution rates may change if plan contracts are amended.

For the year ended June 30, 2025, the contributions to the Safety Plan were $ 4,144,802 for the employer paid contributions.
ii. Pension Liabilities, Pension Expenses and Deferred Outflows/Inflows of Resources Related to Pensions
As of June 30, 2025, the City reported a Net Pension Liability for its proportionate share of the Net Pension Liability of the Safety Plan of $18,184,961.

The City’s Net Pension Liability for the Safety Plan is measured as the proportionate share of the Net Pension liability. The Net Pension Liability of the Safety Plan is measured as of June 30, 2024, and the total pension liability for the Safety Plan used to calculate the net pension liability was determined by an actuarial valuation as of June 30, 2023 rolled forward to June 30, 2024 using standard update procedures. The City’s proportion of the Net Pension Liability was based on a projection of the City’s long-term share of contributions to the pension plans relative to the projected contributions of all participating employers, actuarially determined. The City’s proportionate share of the Net Pension Liability for the Safety Plan as of June 30, 2023 and 2024 was as follows:

Proportionate Share of
Net Pension Liability Safety Plan
Proportion - June 30, 2023 0.25806%
Proportion - June 30, 2024 0.24942%
Change - Increase (Decrease) (0.00864%)
101
2024/25 Annual Comprehensive Financial Report

Notes to the Basic Financial Statements
NOTE #10 – DEFINED BENEFIT PENSION PLANS (Continued)
For the year ended June 30, 2025, the City recognized pension expense of $5,362,348 for the Safety Plan. At June 30, 2025, the Safety Plan reported deferred outflows of resources and deferred inflows of resources related to pensions from the following sources:

Deferred outflows of resources related to contributions subsequent to the measurement date of $4,144,802 will be recognized as a reduction of the Net Pension Liability in the year ended June 30, 2026. Other amounts, reported as Deferred outflows/inflows of resources related to pensions, will be recognized as pension expense, as summarized as follows:
a. Sensitivity of the Net Pension Liability to Changes in the Discount Rate The following table presents the City’s proportionate share of the Net Pension Liability for the Safety Plan, calculated using the discount rate of 6.90%, and what the City’s proportionate share of the Net Pension Liability would be if it were calculated using a discount rate that is 1 percentage-point lower (5.90%) or 1 percentage-point higher (7.90%) than the current rate.

Deferred Outflows of
Resources
Deferred Inflows of
Resources
Pension Contributions Subsequent to Measurement Date 4,144,802 $ - $ Differences Between Actual and Expected Experience 1,484,054 (48,253) Changes in Assumptions 448,040 -
Change in the Employer's Proportion and Differences Between the Employer's Contributions and the Employer's
Proportionate Share of Contributions 1,213,029 (380,887) Net Differences Between Projected and Actual Earnings
on Plan Investments 878,978 -
Total $ 8,168,903 $ (429,140)
Safety Plan
Fiscal Year
Ended June 30
Annual
Amortization
2026 $ 1,697,866
2027 2,195,799
2028 2,043
2029 (300,747)
Safety Plan

5.90%
(1% Decrease)

6.90%
(Current Rate)

7.90%
(1% Increase)
Net Pension Liability $ 18,184,961 34,289,405 $ 5,013,790 $ Safety Plan
102
2024/25 Annual Comprehensive Financial Report

Notes to the Basic Financial Statements
NOTE #10 – DEFINED BENEFIT PENSION PLANS (Continued)
b. Pension Plan Fiduciary Net Position
The plan fiduciary net position disclosed in the GASB 68 accounting valuation report may differ from the plan assets reported in the funding actuarial valuation report due to several reasons. First, for the accounting valuations, CalPERS must keep items such as deficiency reserves, fiduciary self-insurance and OPEB expense included as assets. These amounts are excluded for rate setting purposes in the funding actuarial valuation. In addition, differences may result from early Annual Comprehensive Financial Report closing and final reconciled reserves.
iii. Payable to the Safety Plan
The City reported a payable of $144,549 for the outstanding amount of contributions to the pension plan required for the year ended June 30, 2025.

D. INFORMATION COMMON TO BOTH THE MISCELLANEOUS AND SAFETY PLANS The following information applies to both the Miscellaneous and Safety Plans:
i. Pension Liabilities, Pension Expenses and Deferred Outflows/Inflows of Resources Related to Pensions
As of June 30, 2025, the City reported Net Pension Liabilities for the Miscellaneous and Safety Plans combined of $51,446,242 and recognized combined pension expenses for the Miscellaneous and Safety Plans of $13,589,107.

At June 30, 2025, the Miscellaneous and Safety Plans reported combined Deferred Outflows of Resources and Deferred Inflows of Resources related to pensions from the following sources:

Deferred Outflows of
Resources
Deferred Inflows of
Resources
Pension Contributions Subsequent to Measurement Date 11,801,464 $ - $ Differences Between Actual and Expected Experience 6,617,545 (587,892) Changes in Assumptions 1,775,491 -
Change in the Employer's Proportion and Differences Between the Employer's Contributions and the Employer's
Proportionate Share of Contributions 1,213,029 (380,887) Net Differences Between Projected and Actual Earnings
on Plan Investments 3,297,528 -
Total $ 24,705,057 $ (968,779)
Miscellaneous and Safety Plans
103
2024/25 Annual Comprehensive Financial Report

Notes to the Basic Financial Statements
NOTE #10 – DEFINED BENEFIT PENSION PLANS (Continued)
ii. Actuarial Assumptions
The June 30, 2024 total pension liabilities were based on the following actuarial methods and assumptions:

The underlying mortality and other actuarial assumptions used in current valuation were based on the results of CalPERS November 2021 actuarial Experience Study. Further details of the Experience Study can be found on CalPERS website under Forms and Publications. iii. Miscellaneous and Safety Plans Discount Rate
The discount rate used to measure the total pension liability for each Plan was 6.90%. The projection of cash flows used to determine the discount rate for each Plan assumed that contributions from all plan members in the Public Employees Retirement Fund (PERF) are made at the current member contribution rates and that contributions from employers are made at statutorily required rates, actuarially determined. Based on those assumptions, each Plan’s fiduciary net position was projected to be available to make all projected future benefit payments of current plan members for all plans in the PERF. 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 for each Plan.

In determining the long-term expected rate of return, CalPERS took into account long-term market return expectations as well as the expected pension fund cash flows. Projected returns for all asset classes are estimated and, combined with risk estimates, are used to project compound (geometric) returns over the long term. The discount rate used to discount liabilities was informed by the long term projected portfolio return.

Miscellaneous and Safety Plans
Valuation Date June 30, 2023
Measurement Date June 30, 2024
Actuarial Cost Method Entry-Age Normal Cost Method
Actuarial Assumptions:

Discount Rate 6.90%
Inflation 2.30%
Projected Salary Increase Varies depending on age, service and type of employment Payroll Growth 2.80%
Investment Rate of Return (1) 6.90%
Mortality Rate Table (2) Derived using CalPERS Membership Data for all Funds Post Retirement Benefit Increase Contract COLA up to 2.30% until Purchasing Power Protection Allowance Floor on Purchasing Power applies
(1) Net of pension plan investment expenses, including inflation. (2) The mortality table used was developed based on CalPERS-specific data. The table includes generational mortality improvements using Society of Actuaries Scale 80% of scale MP 2020. For more details on this table, please refer to the November 2021 experience study report (based on CalPERS demographic data from 2001 to 2019) that can be found on the CalPERS website.
104
2024/25 Annual Comprehensive Financial Report

Notes to the Basic Financial Statements
NOTE #10 – DEFINED BENEFIT PENSION PLANS (Continued)
The following table reflects expected real rates of return by asset class for both the Miscellaneous and Safety Plans.

NOTE #11 – DEFINED CONTRIBUTION PENSION AND OTHER POST-EMPLOYMENT BENEFIT PLANS Deferred Compensation Plans
City employees may defer a portion of their compensation under one of three City sponsored Deferred Compensation Plans (“Plans”) created in accordance with Internal Revenue Code Section 457. Under the Plans, participants are not taxed on the deferred portion of their compensation until distributed to them; distributions may be made only at termination, retirement, and death or in an emergency as defined by the Plans.

Two of the Plans are part of public agency agent multiple-employer defined contribution plans that are administered by Mission Square Retirement (formerly ICMA RC) and CalPERS. The third Plan is a singleemployer plan that is administered by Corebridge Financial (formerly VALIC). Benefit provisions under the Plans are established by City resolution.

The City has no liability for any losses incurred by the Plans and does not participate in any gains, but does have the duty of due care that would be required of an ordinary prudent investor. The City has contracts with each of the three administrators to manage and invest the assets of the respective Plans. The administrators of the Mission Square Retirement and CalPERS Plans pool the assets of the respective Plans with those of other participants and does not make separate investments for the City. The administrator of the Corebridge Financial Plan are held solely for the Plan participants and are not pooled with any other public agency plans. The assets in each Plan are the sole property of the participants or their beneficiaries.

Asset Class
Assumed Asset
Allocation Real Return (1,2)
Global Equity: Cap-Weighted 30.0% 4.54%
Global Equity: Non-Cap-Weighted 12.0% 3.84%
Private Equity 13.0% 7.28%
Treasury 5.0% 0.27%
Mortgage-Backed Securities 5.0% 0.50%
Investment Grade Corporates 10.0% 1.56%
High Yield 5.0% 2.27%
Emerging Market Debt 5.0% 2.48%
Private Debt 5.0% 3.57%
Real Assets 15.0% 3.21%
Leverage -5% -0.59%
Total 100%
(1) An expected inflation of 2.30% used for this period. (2) Figures based on the 2021-22 Asset Liability Management Study. 105
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Notes to the Basic Financial Statements
NOTE #11 – DEFINED CONTRIBUTION PENSION AND OTHER POST-EMPLOYMENT BENEFIT PLANS (Continued)
Since the assets held under the Mission Square Retirement and CalPERS Plans are not the City’s property and are not subject to claims by general creditors of the City, they have been excluded from these financial statements. Since the assets of the Corebridge Financial Plan are held in a single-employer Plan, but are not the City’s property and are not subject to claims by general creditors of the City, they are reported in the Fiduciary Fund financial statements, Other Employee Benefit Trust Fund - Corebridge Financial. The Plan requires investments to be stated at fair value and it requires all gains and losses on Plan investments to accrue directly to participant accounts.

The City contributes amounts to the deferred compensation plans for employees in certain bargaining units. These employer contributions include amounts of up to $1,320 per year as a match of employee contributions and additional contributions of 2%-4% of annual employee salary, depending on bargaining unit. The total amount contributed by the City to the three Plans for FY 2024/25 was $348,774. At June 30, 2025, the City does not have any outstanding contributions payable due to the Plans.

Retiree Health Savings Plans
The City contributes amounts to individual retiree health savings accounts for employees in all bargaining units hired on or after July 1, 2012. Depending on the bargaining unit and date of hire, contributions of up to $600 to $2,400 per eligible employee per year are made to a third-party retiree health savings account administrator. The total amount contributed by the City to the retiree health savings account plan for FY 2024/25 was $316,600. At June 30, 2025, the City does not have a payable due for outstanding contributions to the retiree health savings plan.

The assets in the retiree health savings account plan are not available to the City’s general creditors. Assets and liabilities held by the retiree health savings account plan administrator are held in an agent multipleemployer defined contribution plan and are not reported in the accompanying financial statements.

NOTE #12 – RISK MANAGEMENT
The City is exposed to various risks of loss related to torts; theft of, damage to, and destruction of assets; natural disaster; errors and omissions; injuries to employees and unemployment claims. The City, along with other Contra Costa County cities, belongs to the Municipal Pooling Authority of Northern California (MPA). MPA is a public entity risk pool currently operating as a common risk management and insurance program for the members. The City pays an annual premium to MPA for the following: Liability ($29 million coverage, $10,000 deductible); Employer’s Resource Management Association (ERMA) ($2 million coverage, $50,000 deductible on employment claims); All Risk Fire and Property ($1 billion coverage, $25,000 deductible for all risk, $5,000 for fine arts, $150,000 deductible for water claims); Flood ($25 million coverage, $100,000 to $500,000 minimum deductible per occurrence); Auto ($250,000 coverage, Police $3,000 deductible, all others $2,000); Cyber ($3 million coverage, deductible of $50,000, $100,000 or $250,000 based on total insured values of up to $250 million, up to $750 million or greater than $750 million, respectively, determined at time of loss); Government Crime ($5 million coverage, $2,500 deductible); Public Entity Pollution ($2 million annual aggregate coverage, $500,000 per occurrence, 106
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Notes to the Basic Financial Statements
NOTE #12 – RISK MANAGEMENT (Continued)
$250,000 deductible); Boiler and Machinery ($75 million coverage, $10,000 deductible), Deadly Weapons Response ($2.5 million annual coverage, $10,000 deductible) and Workers Compensation (coverage up to the statutory limit, $0 deductible). The agreement provides that MPA will be self-sustaining through member premiums and assessments. MPA purchases commercial insurance in excess of those amounts covered by its self-insurance pool. MPA was formed in June of 1977, under a “joint exercise of power agreement”, to provide general liability, workers' compensation, property and employee benefits insurance coverage. It is governed by a Board of Directors composed of one appointed official from each City.

Members as of June 30, 2025 were the cities of Antioch; Brentwood; Clayton; El Cerrito; Gilroy; Hercules; Lafayette; Manteca; Martinez; Mountain House; Oakley; Orinda; Pacifica; Pinole; Pittsburg; Pleasant Hill; San Pablo; San Ramon and Walnut Creek and the towns of Danville and Moraga. Audited financial information can be obtained from MPA located at P.O. Box 67, Walnut Creek, CA 94597, as well as on the agency’s website at www.mpa-nc.com.

Settled claims have not exceeded coverage for these risks in any of the last three fiscal years. Outstanding claims payable at year-end, including the Incurred But Not Reported (IBNR) amount, was calculated to be immaterial for presentation purposes.

NOTE #13 – BRENTWOOD REDEVELOPMENT AGENCY DISSOLUTION AND SUCCESSOR AGENCY

ACTIVITIES
A. REDEVELOPMENT AGENCY DISSOLUTION
Effective February 1, 2012, the Brentwood Redevelopment Agency was dissolved and certain assets of the Brentwood Redevelopment Agency Low and Moderate Income Housing Fund were distributed to a Housing Successor, and all remaining Brentwood Redevelopment Agency assets and liabilities were distributed to a Successor Agency. Under the provisions of AB 1484, the City elected to become the Housing Successor and retain the housing assets. The City also elected to become the Successor Agency to the Brentwood Redevelopment Agency and on February 1, 2012, the Brentwood Redevelopment Agency’s remaining assets were distributed to, and liabilities were assumed by, the Successor Agency.

ABX1 26 required the establishment of an Oversight Board to oversee the activities of the Successor Agency. The Brentwood Oversight Board served in this capacity from April 11, 2012 until June 30, 2018.

Effective July 1, 2018, a new Countywide Oversight Board was established pursuant to the dissolution law.

The activities of the Successor Agency are subject to review and approval of the Oversight Board.

The activities of the Housing Successor are reported in the City Low Income Housing Special Revenue Fund as the City has control of those assets, which may be used in accordance with the low and moderate-income housing provisions of California Redevelopment Law. The activities of the Successor Agency are reported in the Successor Agency to the Brentwood Redevelopment Agency Private-Purpose Trust Fund as the activities are under the control of the Oversight Board. The City is providing administrative services to the Successor Agency to wind down the affairs of the former Brentwood Redevelopment Agency.

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2024/25 Annual Comprehensive Financial Report

Notes to the Basic Financial Statements
NOTE #13 – BRENTWOOD REDEVELOPMENT AGENCY DISSOLUTION AND SUCCESSOR AGENCY ACTIVITIES (Continued)
Section 34179.5 of AB 1484 required all successor agencies to hire a licensed accountant, approved by the County Auditor-Controller, to conduct two Due Diligence Reviews (DDRs) to determine the balances available to be redistributed to other taxing entities. The two DDRs were focused on 1) the Low and Moderate Income Housing Fund, and 2) Other Funds and Accounts. The Low and Moderate Income Housing Fund DDR determined that an unobligated balance of $4,072,553 was available for redistribution, and the Successor Agency remitted this amount to the Contra Costa County Auditor.

Controller in February 2013. The Other Funds and Accounts DDR determined that the unobligated balance was $0, and the Successor Agency filed the DDR report with the DOF. The DOF, during their review of the DDR, determined that transfers made pursuant to pre-existing contracts and construction commitments were invalid and adjusted the DDR accordingly, issuing a DDR demand of $14,955,931.

On December 9, 2015, the City, as Successor Agency, entered into a ten-year interest free payment plan with the DOF to pay the DDR demand of $14,955,931, as discussed in Note #6, Long-Term Obligations.

By entering into the Payment Plan with the DOF, the Successor Agency has completed its statutory requirements of the DDR process and the DOF has provided the Successor Agency a Finding of Completion.

As of June 30, 2025, cash and investments of the Successor Agency were pooled with the City’s cash and investments. Details of the nature of the Successor Agency’s cash and investments are presented in Note #3. Information presented in the following sections of Note #13 represents other assets and liabilities of the Successor Agency as of June 30, 2025.

B. CAPITAL ASSETS
Capital assets of the Successor Agency, as of June 30, 2025, were comprised of land with a carrying value of $1,327,129 and there were no additions or retirements during the fiscal year.

C. LONG-TERM OBLIGATIONS
The Successor Agency assumed the long-term obligations of the former Brentwood Redevelopment Agency as of February 1, 2012. The following summarizes the long-term obligations of the Successor Agency as of June 30, 2025.

Balance Payments Balance Amounts Due
July 1, 2024 Adjustments June 30, 2025 Within One Year
Capital Improvement Revenue Refunding Bonds Series 2012 $ (930,000) 8,905,000 $ 7,975,00 $ 0 $ 980,000 2009 Civic Center Project Lease Revenue Bonds 9,221,052 (394,737) 8,826,315 411,842 Total $ 18,126,052 $ (1,324,737) $ 16,801,315 $ 1,391,842 108
2024/25 Annual Comprehensive Financial Report

Notes to the Basic Financial Statements
NOTE #13 – BRENTWOOD REDEVELOPMENT AGENCY DISSOLUTION AND SUCCESSOR AGENCY ACTIVITIES (Continued)
i. Bonds
Capital Improvement Revenue Refunding Bonds Series 2012 The Brentwood Redevelopment Agency issued 2001 Capital Improvement Tax Allocation Bonds, dated October 1, 2001, to finance certain Redevelopment projects. The Brentwood Redevelopment Agency pledged future tax increment revenues, less amounts required to be set aside in the Redevelopment Agency Low Income Housing Fund, for the repayment of the Tax Allocation Bonds.

On January 11, 2012, the Authority issued $24,060,000 in Capital Improvement Revenue Refunding Bonds Series 2012 to: 1) finance the refunding of the 2001 CIP Bonds under a facilities lease and 2) refund a series of tax allocation bonds issued by the Brentwood Redevelopment Agency, as discussed in Note #6. Total annual debt service payments, including interest at 4.25% to 5.375%, range from $1,342,750 to $1,368,688.

The Successor Agency to the Brentwood Redevelopment Agency has pledged future tax revenues for the repayment of a portion of the bonds. Following the dissolution of the Brentwood Redevelopment Agency, the Successor Agency is allocated funds for payment of obligations listed on the Successor Agency’s ROPS and approved by the DOF. The Successor Agency listed this debt obligation on its ROPS and the DOF has approved its inclusion for each applicable ROPS period through June 30, 2026. The City has recorded a receivable for the debt obligations of the Successor Agency, as detailed in Note #4. The pledge of future Successor Agency tax revenues ends upon repayment of the Successor Agency’s $9,447,625 remaining share of debt service on the bonds, which is scheduled to occur in 2032.
2009 Civic Center Project Lease Revenue Bonds
On October 16, 2009, the Authority issued $48,000,000 in Civic Center Project Lease Revenue Bonds, Series 2009A, $4,055,000, and Taxable Series 2009B, $43,945,000, to finance the construction of a new city hall, community center, senior center, plus library improvements and other public capital improvements, as discussed in Note #6. The Brentwood Redevelopment Agency entered into a reimbursement agreement with the Authority that indicates the Brentwood Redevelopment Agency will pay a proportionate amount of the City’s base rental payments for specific and allowable projects the Brentwood Redevelopment Agency has agreed to fund. The 2009 Civic Center Project Lease Revenue Bonds generated $12,631,578 for allowable Brentwood Redevelopment Agency projects.

The Successor Agency to the Brentwood Redevelopment Agency has pledged future tax revenues for the repayment of a portion of the bonds. Following the dissolution of the Brentwood Redevelopment Agency, the Successor Agency is allocated funds for payment of obligations listed on the Successor Agency’s ROPS and approved by the DOF. The Successor Agency listed this debt obligation on its ROPS and the DOF has approved its inclusion for each applicable ROPS period through June 30, 2026. The City has recorded a receivable for the debt obligations of the Successor Agency, as detailed in Note #4. The pledge of future tax revenues end upon repayment of the Successor Agency’s $14,477,483 remaining share of debt service on the bonds. The repayment of the debt is scheduled to occur in 2040.
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2024/25 Annual Comprehensive Financial Report

Notes to the Basic Financial Statements
NOTE #13 – BRENTWOOD REDEVELOPMENT AGENCY DISSOLUTION AND SUCCESSOR AGENCY ACTIVITIES (Continued)
Total debt service requirements for the Successor Agency’s two bond payment obligations are summarized as follows:

D. PLEDGED REVENUES
As discussed above, the Successor Agency has pledged all future tax-increment revenues for the repayment of its share of the Capital Improvement Revenue Refunding Bonds Series 2012 and the 2009 Civic Center Project Lease Revenue Bonds. The pledge of all future tax-increment revenues ends upon repayment of $23,925,108 remaining debt service on the bonds, which is scheduled to occur in 2040. With the dissolution of the Brentwood Redevelopment Agency discussed above, tax increment is no longer distributed. Instead, the Successor Agency receives payments from Contra Costa County’s Redevelopment Property Tax Trust Fund that are to be used to fund debt service on the bonds, with no distinction between housing and non-housing revenues. For FY 2024/25, gross tax increment available to be distributed to the Successor Agency was $10,923,183, which represents coverage of 449% of the FY 2024/25 debt service requirements.

E. COMMITMENTS AND CONTINGENCIES
i. State Approval of Enforceable Obligations
The Successor Agency prepares a ROPS annually containing all proposed expenditures for the subsequent twelve-month period. The ROPS is subject to the review and approval of the Oversight Board as well as the DOF. Although the DOF may elect not to question items included on the ROPS in one period, they may question the same items in a future period and disallow associated activities.

The amount, if any, of current obligations that may be denied by the DOF cannot be determined at this time.
ii. State Asset Transfer Review
In addition to the DDR process discussed in Note #13A, ABx1 26 and AB 1484 direct the State Controller to review the activities of all redevelopment agencies and successor agencies to determine whether an asset transfer between an agency and any public agency occurred on or after

Year Ending
June 30 Principal Interest Total
2026 $ 1,029,572 1,391,842 $ 2,421,414 $
2027 947,707 1,461,579 2,409,286
2028 861,812 1,532,632 2,394,444
2029 771,665 1,610,000 2,381,665
2030 677,041 1,688,684 2,365,725
2031-2035 2,106,311 5,442,894 7,549,205
2036-2040 729,685 3,673,684 4,403,369
Total Payments Due $ 7,123,793 16,801,315 $ 23,925,108 $ 110
2024/25 Annual Comprehensive Financial Report

Notes to the Basic Financial Statements
NOTE #13 – BRENTWOOD REDEVELOPMENT AGENCY DISSOLUTION AND SUCCESSOR AGENCY ACTIVITIES (Continued)
January 1, 2011. On July 10, 2015, the State Controller’s Office determined that $14,992,790 of cash and revenue and $1,327,129 of land/building assets, transferred between January 1, 2011 and January 31, 2012, were unallowable and ordered these assets to be returned to the Successor Agency. As discussed in Note #13A and Note #6, the City entered into a repayment plan with the Department of Finance for $14,955,931. In addition, the City complied with the State Controller’s order to return the land/building assets to the Successor Agency. These transfers were conveyed to the Successor Agency by grant deeds recorded in the Official Records of Contra Costa County on March 21, 2018. Following the initial communication in July 2015, the State Controller’s Office has made no further demands for the return of assets to the Successor Agency.

NOTE #14 – CONTINGENT LIABILITIES
A. LITIGATION
The City is subject to litigation arising in the normal course of business. In the opinion of the City Attorney, there is no filed litigation, as of June 30, 2025, which is likely to have a material adverse effect on the financial position of the City.

B. STATE AND FEDERAL GRANTS
The City has received State and Federal funds for specific purposes that are subject to review by the grantor agencies. Although such audits could generate expenditure disallowances under the terms of the grants, it is believed any required reimbursements will not be material.

C. DEVELOPER IMPACT FEE CREDITS
The City entered into several agreements with various developers and merchant builders who are developing residential and commercial projects throughout the City. The City agreed to grant the developers impact fee credits since they will construct certain improvements beyond what was needed to serve their specific projects. The value of these credits does not increase for inflation, nor do they accrue interest.

Any unused credits may be used by the developers on other projects located elsewhere in the City.

The value of the credits, as of June 30, 2025, was $618,208, after a total of $614,770 was used as credits or expired during FY 2024/25. The accounting for the amounts due are not recorded as indebtedness since the payments (use of the credits) are contingent upon the collection of development fees from building growth which has not yet occurred.
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2024/25 Annual Comprehensive Financial Report

Notes to the Basic Financial Statements
NOTE #14 – CONTINGENT LIABILITIES (Continued)
D. CONSTRUCTION COMMITMENTS
As of June 30, 2025, the City had several commitments with respect to unfinished capital projects.

Outstanding commitments with respect to unfinished major capital projects are as follows:

E. SOLAR POWER PURCHASE AGREEMENTS
On December 9, 2014, the City executed three Solar Power Purchase agreements with SolarCity Corporation. The terms of the agreements required SolarCity to construct solar power systems, to be owned and maintained by SolarCity, at three City sites, the Police Department, Wastewater Treatment Plant and Brentwood Family Aquatic Complex. These systems are expected to generate approximately

2.14 million kilowatt hours (kWh) of power per year. The terms of the agreements require the City to purchase all of the electric power generated by the system for a term of 20 years, and up to two additional optional terms of five years each, at a contract price of $0.0100 to $0.2718 per kWh, depending on the site. The systems at the Police Department site, Wastewater Treatment Plant site and Brentwood Family Aquatic Complex became operational July 2015, September 2016 and November 2016, respectively. The agreements include options for the City to purchase the systems at the end of the 6th, 10th and 20th year, as well as at the end of the additional optional five-year terms at a price equal to the fair value of the systems. The City has not taken, nor anticipates taking, the option to purchase any of the systems as of the end of the 6th or 10th year. Early termination of any of the contracts by the City would result in termination payments ranging from $6.4 million in year one to $0.3 million in the twentieth year of the contracts. Early termination by SolarCity would result in payments to the City for the net present value of the excess energy costs that would be incurred over the remaining contract term.

Outstanding
Project Name Commitments
City Facility Audiovisual System Upgrade 1, $ 086,042
Innovation Center @ Brentwood Infrastructure 172,594
Lone Tree Way Roadway Improvements 521,601
Sand Creek Sports Complex 20,130,019
Sensus AMR System Upgrade 521,571
Wastewater Treatment Plant Expansion - Phase II 12,677,485 Water and Wastewater SCADA System Upgrade 1,729,894
Total $ 36,839,206
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2024/25 Annual Comprehensive Financial Report

Notes to the Basic Financial Statements
NOTE #15 – NET POSITION AND FUND BALANCE RESTATEMENTS OR ADJUSTMENTS During FY 2024/25, the City reported a change within the financial reporting entity resulting in a fund balance adjustment. The Roadway Improvements Capital Project Fund was a Major Fund in FY 2023/24 and is a Non-Major Fund in FY 2024/25.

The City also implemented the provisions of GASB Statement No. 101, Compensated Absences, during FY 2024/25. This resulted in a change in accounting principle beginning fund balance adjustment. The City’s June 30, 2024 fund balance adjustments are as follows:

Change within Change in
June 30, 2024 the Financial Accounting
As Previously Reporting Entity Principle June 30, 2024
Reported (Major Funds) (GASB 101) As Adjusted
Government-Wide
Governmental Activities 622,777,176 $ - $ (2,868,063) $ 619,909,113 $ Business-Type Activities 384,729,219 - (684,969) 384,044,250 Total Primary Government 1,007,506,395 $ - $ (3,553,032) $ 1,003,953,363 $ Governmental Funds
Major Funds:

General Fund 29,411,579 $ - $ - $ 29,411,579 $
Landscape and Lighting
Assessment Districts
Roadway Improvements
Non-Major Funds 79,197,063 16,479,342 - 95,676,405
Total Governmental Funds 135,381,657 $ - $ - $ 135,381,657 $ Proprietary Funds
Wastewater 160,926,920 $ - $ (186,672) $ 160,740,248 $
Solid Waste 30,140,401 - (213,267) 29,927,134
Water 182,493,186 - (270,684) 182,222,502
Housing 11,168,712 - (14,346) 11,154,366
Internal Service 78,380,157 - (291,619) 78,088,538
Total Proprietary Funds 463,109,376 $ - $ (976,588) $ 462,132,788 $ -
10,293,673
(16,479,342) 16,479,342 -
- 10,293,673 -
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2024/25 Annual Comprehensive Financial Report

Required Supplementary Information
Original Final Actual Variance
REVENUESTaxes $ 32,548,327 $ 32,475,060 $ 32,505,326 $ 30,266 Licenses 815,450 785,757 851,011 65,254Permits and Fines 5,811,837 5,815,869 6,568,238 752,369 Uses of Money and Property 1,453,457 1,467,819 2,366,544 898,725 Intergovernmental 6,523,105 6,645,893 6,728,825 82,932
Franchises 1,747,121 1,747,121 1,711,396 (35,725)
Charges for Other Services 183,614 183,614 264,101 80,487Charges to Other Funds 9,686,460 9,832,454 9,834,459 2,005 Fees and Other Revenues 2,425,392 2,460,392 2,628,509 168,117 Total Revenues 61,194,763 61,413,979 63,458,409 2,044,430 EXPENDITURESCurrent: General Government 11,257,487 11,425,199 9,639,451 1,785,748 Public Safety 33,252,761 34,451,229 32,272,789 2,178,440 Community Development 8,066,848 8,258,679 6,763,813 1,494,866 Engineering 4,289,056 4,395,999 3,978,922 417,077
Public Works 5,060,859 5,127,838 4,431,701 696,137
Parks and Recreation 9,537,096 10,058,940 9,041,080 1,017,860 Community Services 1,298,193 1,298,193 1,273,540 24,653 Capital Outlay - 27 27 -
Debt Service: Principal 1,679,949 1,885,510 1,885,509 1 Interest and Fiscal Charges 43,733 43,733 43,733 -
Total Expenditures 74,485,982 76,945,347 69,330,565 7,614,782 REVENUES OVER (UNDER) EXPENDITURES (13,291,219) (15,531,368) (5,872,156) 9,659,212OTHER FINANCING SOURCES (USES)Transfers In 16,170,747 16,299,074 11,589,239 (4,709,835) Transfers Out (5,782,481) (5,782,481) (5,716,718) 65,763 Total Other Financing Sources (Uses) 10,388,266 10,516,593 5,872,521 (4,644,072) Net Change in Fund Balances $ (2,902,953) $ (5,014,775) 365 $ 5,015,140 Fund Balance, Beginning of Year 29,411,579
Fund Balance, End of Year $ 29,411,944
Budgetary Comparison Schedule, General Fund
For Year Ended June 30, 2025
Budget Amounts
See Accompanying Note to the Required Supplementary Information 114
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Required Supplementary Information
Original Final Actual Variance
REVENUESUses of Money and Property $ 337,702 337,702 $ 531,461 $ 193,759 $ Fees and Other Revenues 11,028,736 11,028,736 11,046,363 17,627 Total Revenues 11,366,438 11,366,438 11,577,824 211,386 EXPENDITURESCurrent: Community Services 9,807,580 9,756,385 8,541,306 1,266,274 Capital Outlay - - - -
Total Expenditures 9,807,580 9,756,385 8,541,306 1,266,274 REVENUES OVER (UNDER) EXPENDITURES 1,558,858 1,610,053 3,036,518 1,477,660 OTHER FINANCING SOURCES (USES)Transfers In 2,377,221 2,377,221 2,377,220 (1)Transfers Out (3,872,879) (3,872,879) (3,800,631) 72,248 Total Other Financing Sources (Uses) (1,495,658) (1,495,658) (1,423,411) 72,247 Net Change in Fund Balances $ 114,395 $ 63,200 1,613,107 $ 1,549,907 Fund Balance, Beginning of Year 10,293,673
Fund Balance, End of Year $ 11,906,780
See Accompanying Note to the Required Supplementary Information Budget Amounts
Budgetary Comparison Schedule, Landscape and Lighting Assessment Districts For Year Ended June 30, 2025
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Required Supplementary Information

NOTE TO THE REQUIRED SUPPLEMENTARY INFORMATION
Budgets for governmental funds are prepared in accordance with Generally Accepted Accounting Principles for the United States of America. Through the budget, the City Council sets the direction of the City, allocates its resources and establishes its priorities. The annual budget, which covers the period from July 1 to June 30, establishes the foundation for effective financial planning by providing resource planning, performance measures and controls which permit the evaluation and adjustment of the City’s performance. The City’s budget is prepared and based on four expenditure categories: personnel services, supplies and services, internal service and capital outlay. These are considered operational in nature and reflect recurring costs. Capital improvement projects include asset acquisitions, facilities, systems and infrastructure improvements typically over $10,000 and/or those items “outside” of the normal operational budget. These reflect one-time costs. The City collects and records revenue and expenditures for Governmental Funds and Proprietary Funds. The City’s budget reflects an organization that is committed to delivering excellent public services that meet the needs of the community by continually striving to meet the following goals:
 Deliver Excellent Public Services
 Enhance Community and Neighborhood Improvement
 Ensure Long-term Financial Stability and Sustainability Promote Economic and Community Development Provide for Effective Transportation and Infrastructure  Provide for the Public’s Safety
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Required Supplementary Information
Fiscal Year 2017/18 2018/19 2019/20 2020/21
Measurement Date 6/30/2017 6/30/2018 6/30/2019 6/30/2020 Changes in Total OPEB Liability
Service Cost $ 1,629,000 $ 1,679,380 $ 1,640,302 $ 1,481,221 Contributions - employee - - - -
Interest 3,050,000 3,253,745 3,462,146 3,385,324Difference between actual and expected experience - - (3,639,364) -Assumption changes - - (537,151) (880,615) Other changes - - - -
Benefit payments including refunds (1,653,000) (1,759,490) (1,853,760) (1,956,140) Changes of benefit terms - - - -
Net Changes 3,026,000 3,173,635 (927,827) 2,029,790Total OPEB Liability (beginning of year) 44,378,000 47,404,000 50,577,635 49,649,808Total OPEB Liability (end of year) $ 47,404,000 $ 50,577,635 $ 49,649,808 $ 51,679,598Changes in Plan Fiduciary Net Position Contributions - employer $ 5,708,000 $ 4,510,871 $ 4,136,357 $ 4,221,000 Net investment income 632,000 717,022 784,122 569,190Benefit payments and refunds (1,653,000) (1,759,490) (1,853,760) (1,956,140) Administrative expenses (3,000) (17,072) (7,076) (12,945) Net Changes 4,684,000 3,451,331 3,059,643 2,821,105Plan Fiduciary Net Position (beginning of year) 4,495,000 9,179,000 12,630,331 15,689,974Plan Fiduciary Net Position (end of year) $ 9,179,000 $ 12,630,331 $ 15,689,974 $ 18,511,079Net OPEB Liability/(Asset) $ 38,225,000 $ 37,947,304 $ 33,959,834 $ 33,168,519 Fiduciary Net Position as a percentage of the Total OPEB Liability 19.4% 25.0% 31.6% 35.8% Covered employee payroll (2)(3) $ 31,002,370 29,051,000 $ 32,173,000 $ 34,648,422 $ Net OPEB Liability as a percentage of covered employee payroll (3) 132.0% 122.4% 105.6% 95.7% (1) FY 2017/18 was the first year of implementation.(2) Determined for the 12 month periods ending on June 30 measurement date.(3) OPEB contributions are not based on pay.c Single Employer Defined Benefit Plan
Schedule of Changes in Net OPEB Liability/(Assets) and Related Ratios Last 10 Years (1)
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2024/25 Annual Comprehensive Financial Report

Required Supplementary Information
Fiscal Year 2021/22 2022/23 2023/24 2024/25
Measurement Date 6/30/2021 6/30/2022 6/30/2023 6/30/2024 Changes in Total OPEB Liability
Service Cost $ 1,414,509 $ 1,367,377 $ 1,533,022 $ 1,226,953 Contributions - employee - - - -
Interest 3,513,643 3,086,023 3,234,999 3,581,621
Difference between actual and expected experience (4,554,116) - (2,369,845) - Assumption changes (872,892) - 8,331,169 -
Other changes - - - -
Benefit payments including refunds (2,080,270) (2,182,984) (2,323,071) (2,659,613) Changes of benefit terms - - - -
Net Changes (2,579,126) 2,270,416 8,406,274 2,148,961
Total OPEB Liability (beginning of year) 51,679,598 49,100,472 51,370,888 59,777,162Total OPEB Liability (end of year) $ 49,100,472 $ 51,370,888 $ 59,777,162 $ 61,926,123Changes in Plan Fiduciary Net Position Contributions - employer $ 3,657,000 $ 3,740,048 $ 3,423,711 $ 3,541,901 Net investment income 5,091,636 (3,369,528) 1,499,060 2,848,499 Benefit payments and refunds (2,080,270) (2,182,984) (2,323,071) (2,659,613)Administrative expenses (12,037) (11,768) (6,782) (8,457) Net Changes 6,656,329 (1,824,232) 2,592,918 3,722,330
Plan Fiduciary Net Position (beginning of year) 18,511,079 25,167,408 23,343,176 25,936,094Plan Fiduciary Net Position (end of year) $ 25,167,408 $ 23,343,176 $ 25,936,094 $ 29,658,424Net OPEB Liability/(Asset) $ 23,933,064 $ 28,027,712 $ 33,841,068 $ 32,267,699 Fiduciary Net Position as a percentage of the Total OPEB Liability 51.3% 45.4% 43.4% 47.9% Covered employee payroll (2)(3) $ 37,146,69 35,282,755 $ 4 $ 39,260,865 $ 40,125,765Net OPEB Liability as a percentage of covered employee payroll (3) 67.8% 75.5% 86.2% 80.4%(1) FY 2017/18 was the first year of implementation.(2) Determined for the 12 month periods ending on June 30 measurement date.(3) OPEB contributions are not based on pay.

Single Employer Defined Benefit Plan
Schedule of Changes in Net OPEB Liability/(Assets) and Related Ratios (Continued) Last 10 Years (1)
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Required Supplementary Information
Fiscal Year 2017/18 2018/19 2019/20 2020/21
Actuarially Determined Contribution (ADC) $ 5,306,000 $ 4,861,000 $ 4,966,000 $ 4,303,000 Contributions in relation to the actuarially determined contribution 4,510,000 4,136,357 4,221,000 3,657,000 Contribution deficiency/(excess) $ 796,000 $ 724,643 $ 745,000 $ 646,000 Covered employee payroll (2) $ 32,173,000 31,002,370 $ 34,648,422 $ 35,282,755 $ Contributions as a percentage of covered employee payroll 15.0% 12.9% 12.2% 10.4% (1) FY 2017/18 was the first year of implementation.(2) OPEB contributions are not based on pay.

Single Employer Defined Benefit Plan
Schedule of Employer OPEB Contributions
Last 10 Years (1)
Notes to Schedule:Methods and assumptions used to determine contribution rates:Valuation Date 6/30/2015 6/30/2017 6/30/2017 6/30/2019ADC for Fiscal Year 2017/18 2018/19 2019/20 2020/21 Actuarial Cost Method Entry Age Normal, Level Percentage of Payroll
Entry Age Normal, Level Percentage of
Payroll
Entry Age Normal, Level Percentage of
Payroll
Entry Age Normal, Level Percentage of
Payroll
Amortization Method Level percentage of payroll Level percentage of payroll Level percentage of payroll Level percentage of payrollRemaining Amortization Period 18 years remaining as of June 30, 2017 Approximately 17-year fixed period for 2018/19 Approximately 16-year fixed period for 2019/20 Approximately 15-year fixed period for 2020/21 Asset Valuation Method Investment gains and losses spread over 5-year rolling period
Investment gains and losses spread
over 5-year rolling period
Investment gains and losses spread
over 5-year rolling period
Investment gains and losses spread
over 5-year rolling period
Discount Rate 7.25% 6.75% 6.75% 6.75%General Inflation 3.00% 2.75% 2.75% 2.75%Medical Trend Non-Medicare – 7% for 2017,decreasing to an ultimate rate of 5.0%in 2021 and later yearsMedicare – 7.2% for 2017, decreasing to an ultimate rate of 5.0% in 2021 andlater years Non-Medicare - 7.5% for 2019,decreasing to an ultimate rate of 4.0%in 2076Medicare - 6.5% for 2019, decreasing toan ultimate rate of 4.0% in 2076 Non-Medicare - 7.5% for 2020,decreasing to an ultimate rate of 4.0%in 2076Medicare - 6.5% for 2020, decreasing toan ultimate rate of 4.0% in 2076 Non-Medicare - 7.5% for 2020,decreasing to an ultimate rate of 4.0%in 2076Medicare - 6.5% for 2020, decreasing toan ultimate rate of 4.0% in 2076 Mortality Improvement
Mortality projected fully generationalwith Scale MP-2014 modified toconverge to ultimate rates in 2022 Projected fully generational with ScaleMP-2017
Projected fully generational with ScaleMP-2017
Projected fully generational with ScaleMP-2019
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Required Supplementary Information
Fiscal Year 2021/22 2022/23 2023/24 2024/25
Actuarially Determined Contribution (ADC) $ 4,398,000 $ 4,035,000 $ 4,072,000 $ 3,947,955Contributions in relation to the actuarially determined contribution 3,740,048 3,431,313 3,541,901 3,355,762Contribution deficiency/(excess) $ 657,952 $ 603,687 $ 530,099 $ 592,193 Covered employee payroll (2) $ 39,260,865 37,146,694 $ 40,125,765 $ 43,427,824 $ Contributions as a percentage of covered employee payroll 10.1% 8.7% 8.8% 7.7% (1) FY 2017/18 was the first year of implementation.(2) OPEB contributions are not based on pay.

Single Employer Defined Benefit Plan
Schedule of Employer OPEB Contributions (Continued)
Last 10 Years (1)
Notes to Schedule:Methods and assumptions used to determine contribution rates:Valuation Date 6/30/2019 6/30/2021 6/30/2023 6/30/2023ADC for Fiscal Year 2021/22 2022/23 2023/24 2024/25 Actuarial Cost Method Entry Age Normal, Level Percentage of Payroll
Entry Age Normal, Level Percentage of
Payroll
Entry Age Normal, Level Percentage of
Payroll
Entry Age Normal, Level Percentage of
Payroll
Amortization Method Level percentage of payroll Level percentage of payroll Level percentage of payroll Level percentage of payrollRemaining Amortization Period Approximately 14-year fixed period for 2021/22
Approximately 13-year fixed period for
2022/23
Approximately 12-year fixed period for
2023/24
Approximately 12-year fixed period for
2024/25
Asset Valuation Method Investment gains and losses spread over 5-year rolling period
Investment gains and losses spread
over 5-year rolling period
Investment gains and losses spread
over 5-year rolling period
Investment gains and losses spread
over 5-year rolling period
Discount Rate 6.75% 6.25% 6.00% 6.00%General Inflation 2.75% 2.50% 2.50% 2.50%Medical Trend Non-Medicare - 7.5% for 2021,decreasing to an ultimate rate of 4.0%in 2076Medicare - 6.3% for 2021, decreasing toan ultimate rate of 4.0% in 2076 Non-Medicare - 6.75% for 2022,
decreasing to an ultimate rate of 3.75%in 2076Medicare - Kaiser 4.75% for 2022. NonKaiser 5.85% for 2022, both decreasingto ultimate rate of 3.75% in 2076 Non-Medicare - 7.00% for 2024,decreasing to an ultimate rate of 3.94%in 2075Medicare - Kaiser 4.75% for 2022. NonKaiser 5.84% for 2024, both decreasingto ultimate rate of 4.00% in 2076 Non-Medicare - 7.00% for 2024,decreasing to an ultimate rate of 3.94%in 2075Medicare - Kaiser 4.75% for 2022. NonKaiser 6.16% for 2025, both decreasingto ultimate rate of 4.00% in 2076 Mortality Improvement Projected fully generational with Scale MP-2019 Projected fully generational with Scale MP-2020 Projected fully generationally using 80% of MP-2020 mortality scale Projected fully generationally using 80% of MP-2020 mortality scale 120
2024/25 Annual Comprehensive Financial Report

Required Supplementary Information
Fiscal Year 2015/16 2016/17 2017/18 2018/19 2019/20
Measurement date 6/30/2015 6/30/2016 6/30/2017 6/30/2018 6/30/2019Total Pension Liability Service Cost $ 3,211,232 $ 3,290,164 $ 3,661,191 $ 3,825,866 $ 4,046,384 Interest on Total Pension Liability 7,308,678 7,977,448 8,667,128 8,960,855 9,726,556 Differences Between Expected and Actual Experience (304,364) 1,001,785 450,022 211,977 1,771,866 Changes in Assumptions (2,079,150) - 8,261,128 (4,921,247) -Changes in Benefits - - - - -Benefit Payments, Including Refunds of Employee Contributions (2,590,999) (3,047,166) (3,404,988) (3,781,586) (4,137,884) Net Change in Total Pension Liability 5,545,397 9,222,231 17,634,481 4,295,865 11,406,922 Total Pension Liability - Beginning 97,611,669 103,157,066 112,379,297 130,013,778 134,309,643Total Pension Liability - Ending (a) $ 103,157,066 $ 112,379,297 $ 130,013,778 $ 134,309,643 $ 145,716,565Plan Fiduciary Net Position Contributions - Employer (1) $ 3,437,164 2,781,741 $ 3,478,686 $ 3,754,584 $ 13,725,567 $ Contributions - Employee 1,314,854 1,370,153 1,462,634 1,582,087 1,703,581Net Investment Income (2) 437,912 1,744,327 9,349,273 7,974,015 7,502,561Benefit Payments (2,590,999) (3,047,166) (3,404,988) (3,781,586) (4,137,884)Plan to Plan Resource Movement (32,597) - - (238) -Administrative Expense (91,288) (49,416) (122,886) (146,469) (73,573) Other Misc Income/Expense (3) - - - (278,147) 238
Net Change in Plan Fiduciary Net Position 2,148,647 3,126,038 10,762,719 9,104,246 18,720,490Plan Fiduciary Net Position - Beginning 81,082,764 77,956,726 83,231,411 93,994,130 103,098,376Plan Fiduciary Net Position - Ending (b) $ 83,231,411 81,082,764 $ 93,994,130 $ 103,098,376 $ 121,818,866 $ Net Pension Liability - Ending (a)-(b) 22,074,302 $ 29,147,886 $ 36,019,648 $ 31,211,267 $ 23,897,699 $ Plan Fiduciary Net Position as a Percentage of the Total Pension Liability 78.60% 74.06% 72.30% 76.76% 83.60% Covered Payroll $ 16,773,838 $ 17,716,086 $ 19,133,306 $ 20,640,271 $ 22,031,330 Net Pension Liability as Percentage of Covered Payroll 131.60% 164.53% 188.26% 151.22% 108.47% (1) Includes $5,063 of employee contributions paid by the employer for FY 2014/15.(2) Net of administrative expenses.(3) During FY 2017/18, as a result of Governmental Accounting Standards Board Statement (GASB) No. 75, Accounting and Financial Reporting for Postemployment Benefit Plans Other than Pensions (GASB 75), CalPERS reported its proportionate share of activity related to postemployment benefits for participation in the State of California’s agent OPEB plan. Accordingly, CalPERS recorded a one-time expense as a result of the adoption of GASB 75.

Additionally, CalPERS employees participate in various State of California agent pension plans and during FY 2017/18, CalPERS recorded a correction to previously reported financial statements to properly reflect its proportionate share of activity related to pensions in accordance with GASB Statement No. 68, Accounting and Financial Reporting for Pensions (GASB 68).

Miscellaneous Plan
Agent Multiple-Employer Defined Benefit Plan
Schedule of Changes in the Net Pension Liability and Related Ratios During the Measurement Period
Last 10 Years
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Required Supplementary Information
Fiscal Year 2020/21 2021/22 2022/23 2023/24 2024/25Measurement date 6/30/2020 6/30/2021 6/30/2022 6/30/2023 6/30/2024 Total Pension Liability
Service Cost $ 4,215,396 $ 4,367,103 $ 4,703,437 $ 4,920,885 $ 4,838,452 Interest on Total Pension Liability 10,557,564 11,225,313 11,688,826 12,550,956 13,573,045Differences Between Expected and Actual Experience 2,185,887 (535,203) (1,506,901) 2,522,123 4,830,051 Changes in Assumptions - - 3,982,352 - -
Changes in Benefits - - - 126,031 -
Benefit Payments, Including Refunds of Employee Contributions (4,703,813) (5,245,106) (6,415,230) (6,893,749) (8,001,855) Net Change in Total Pension Liability 12,255,034 9,812,107 12,452,484 13,226,246 15,239,693Total Pension Liability - Beginning 145,716,565 157,971,599 167,783,706 180,236,190 193,462,436Total Pension Liability - Ending (a) $ 157,971,599 $ 167,783,706 $ 180,236,190 $ 193,462,436 $ 208,702,129 Plan Fiduciary Net Position
Contributions - Employer (1) $ 4,261,353 4,002,159 $ 7,013,046 $ 5,968,325 $ 7,195,997 $ Contributions - Employee 1,780,994 1,756,084 1,834,110 1,899,177 2,044,828 Net Investment Income (2) 29,239,540 6,075,887 (12,134,596) 9,230,992 15,355,011 Benefit Payments (4,703,813) (5,245,106) (6,415,230) (6,893,749) (8,001,855) Plan to Plan Resource Movement (3,307) - - - 221
Administrative Expense (171,735) (128,662) (98,850) (109,480) (129,359) Other Misc Income/Expense (3) - - - - -
Net Change in Plan Fiduciary Net Position 29,883,209 6,980,185 (9,801,520) 10,095,265 16,464,843 Plan Fiduciary Net Position - Beginning 128,799,051 121,818,866 158,682,260 148,880,740 158,976,005 Plan Fiduciary Net Position - Ending (b) $ 158,682,260 128,799,051 $ 148,880,740 $ 158,976,005 $ 175,440,848 $ Net Pension Liability - Ending (a)-(b) 29, $ 9,101,446 172,548 $ 31,355,450 $ 34,486,431 $ 33,261,281 $ Plan Fiduciary Net Position as a Percentage of the Total Pension Liability 81.53% 94.58% 82.60% 82.17% 84.06% Covered Payroll $ 23,890,915 $ 23,704,081 $ 25,083,145 $ 26,224,528 $ 27,167,142Net Pension Liability as Percentage of Covered Payroll 122.11% 38.40% 125.01% 131.50% 122.43% (1) Includes $5,063 of employee contributions paid by the employer for FY 2014/15.(2) Net of administrative expenses.

Miscellaneous Plan
Agent Multiple-Employer Defined Benefit Plan (Continued) Schedule of Changes in the Net Pension Liability and Related Ratios During the Measurement Period
Last 10 Years
Additionally, CalPERS employees participate in various State of California agent pension plans and during FY 2017/18, CalPERS recorded a correction to previously reported financial statements to properly reflect its proportionate share of activity related to pensions in accordance with GASB Statement No. 68, Accounting and Financial Reporting for Pensions (GASB 68). (3) During FY 2017/18, as a result of Governmental Accounting Standards Board Statement (GASB) No. 75, Accounting and Financial Reporting for Postemployment Benefit Plans Other than Pensions (GASB 75), CalPERS reported its proportionate share of activity related to postemployment benefits for participation in the State of California’s agent OPEB plan. Accordingly, CalPERS recorded a one-time expense as a result of the adoption of GASB 75. 122
2024/25 Annual Comprehensive Financial Report

Required Supplementary Information
Fiscal Year 2015/16 2016/17 2017/18 2018/19 2019/20
Actuarially Determined Contribution (ADC) $ 3,061,100 $ 3,478,686 $ 3,754,584 $ 4,214,219 $ 4,002,159 Contributions in Relation to the Actuarially Determined Contributions (3,061,100) (3,478,686) (3,754,584) (13,725,567) (4,002,159) Contribution Deficiency (Excess) $ - $ - $ - $ (9,511,348) $ -Covered Payroll $ 17,716,086 $ 19,133,306 $ 20,640,271 $ 22,031,330 $ 23,890,915Contributions as a Percentage of Covered Payroll 17.28% 18.18% 18.19% 19.13% 16.75% Last 10 Years
Miscellaneous Plan
Agent Multiple-Employer Defined Benefit Plan
Schedule of Contributions
Notes to Schedule:Valuation Date 6/30/2013 6/30/2014 6/30/2015 6/30/2016 6/30/2017ADC for Fiscal Year 2015/16 2016/17 2017/18 2018/19 2019/20 Actuarial Cost Method Entry age normal Entry age normal Entry age normal Entry age normal Entry age normal Amortization Method Level percent of payroll Level percent of payroll Level percent of payroll Level percent of payroll Level percent of payrollAverage Remaining Period N/A N/A N/A N/A N/A Asset Valuation Method Fair Value Fair Value Fair Value Fair Value Fair Value Inflation 2.750% 2.750% 2.750% 2.750% 2.750%
Salary Increases Varies by Entry Age and Service Varies by Entry Age and Service Varies by Entry Age and Service Varies by Entry Age and Service Varies by Entry Age and ServicePayroll Growth 3.000% 3.000% 3.000% 3.000% 3.000%Investment Rate of Return 7.50%, net of investment and administrative expenses, including inflation 7.50%, net of investment and administrative expenses, including inflation 7.50%, net of investment and administrative expenses, including inflation 7.50%, net of investment and administrative expenses, including inflation 7.375%, net of investment and administrative expenses, including inflation Retirement Age
The probabilities of Retirement are based onthe 2010 CalPERS Experience Study for theperiod from 1997 to 2007.

The probabilities of Retirement are based onthe 2014 CalPERS Experience Study for theperiod from 1997 to 2011.

The probabilities of Retirement are based onthe 2014 CalPERS Experience Study for theperiod from 1997 to 2011.

The probabilities of Retirement are based onthe 2014 CalPERS Experience Study for theperiod from 1997 to 2011.

The probabilities of Retirement are based onthe 2014 CalPERS Experience Study for theperiod from 1997 to 2011.

Mortality
The probabilities of mortality are based onthe 2010 CalPERS Experience Study for theperiod from 1997 to 2007. Pre-retirementand post-retirement mortality rates include 5 years of projected mortality improvementusing Scale AA published by the Society ofActuaries.

The probabilities of mortality are based onthe 2014 CalPERS Experience Study for theperiod from 1997 to 2011. Pre-retirementand post-retirement mortality rates include20 years of projected mortality improvementusing Scale BB published by the Society ofActuaries.

The probabilities of mortality are based onthe 2010 CalPERS Experience Study for theperiod from 1997 to 2007. Pre-retirementand Post-retirement mortality rates include 5 years of projected mortality improvementusing Scale AA published by the Society ofActuaries.

The probabilities of mortality are based onthe 2014 CalPERS Experience Study for theperiod from 1997 to 2011. Pre-retirementand Post-retirement mortality rates include20 years of projected mortality improvementusing Scale BB published by the Society ofActuaries.

The probabilities of mortality are based onthe 2014 CalPERS Experience Study for theperiod from 1997 to 2011. Pre-retirementand Post-retirement mortality rates include20 years of projected mortality improvementusing Scale BB published by the Society ofActuaries.

Methods and assumptions used to determine contribution rates:
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Required Supplementary Information
Fiscal Year 2020/21 2021/22 2022/23 2023/24 2024/25
Actuarially Determined Contribution (ADC) $ 4,261,353 $ 4,859,274 $ 4,842,290 $ 4,611,015 $ 5,122,879 Contributions in Relation to the Actuarially Determined Contributions (4,261,353) (7,014,058) (7,191,438) (7,191,438) (7,656,662) Contribution Deficiency (Excess) $ - $ (2,154,784) $ (2,349,148) $ (2,580,423) $ (2,533,783) Covered Payroll $ 23,704,081 $ 25,083,145 $ 26,224,528 $ 27,167,142 $ 28,940,593Contributions as a Percentage of Covered Payroll 17.98% 19.37% 18.46% 16.97% 17.70% Miscellaneous Plan
Agent Multiple-Employer Defined Benefit Plan (Continued) Schedule of Contributions
Last 10 Years
Valuation Date 6/30/2018 6/30/2019 6/30/2020 6/30/2021 6/30/2022ADC for Fiscal Year 2020/21 2021/22 2022/23 2023/24 2024/25Actuarial Cost Method Entry age normal Entry age normal Entry age normal Entry age normal Entry age normalAmortization Method Level percent of payroll Level percent of payroll Level percent of payroll Level percent of payroll Level percent of payrollAverage Remaining Period N/A N/A N/A N/A N/AAsset Valuation Method Fair Value Fair Value Fair Value Fair Value Fair Value Inflation 2.625% 2.500% 2.500% 2.500% 2.500%
Salary Increases Varies by Entry Age and Service Varies by Entry Age and Service Varies by Entry Age and Service Varies by Entry Age and Service Varies by Entry Age and Service Payroll Growth 2.875% 2.750% 2.750% 2.800% 2.800%Investment Rate of Return 7.25%, net of investment and administrative expenses, including inflation 7.00%, net of investment and administrative expenses, including inflation 7.00%, net of investment and administrative expenses, including inflation 7.00%, net of investment and administrative expenses, including inflation 7.00%, net of investment and administrative expenses, including inflation Retirement Age
The probabilities of Retirement are based onthe 2017 CalPERS Experience Study for theperiod from 1997 to 2015.

The probabilities of Retirement are based onthe 2017 CalPERS Experience Study for theperiod from 1997 to 2015.

The probabilities of Retirement are based onthe 2017 CalPERS Experience Study for theperiod from 1997 to 2015.

The probabilities of Retirement are based onthe 2017 CalPERS Experience Study for theperiod from 1997 to 2015.

The probabilities of Retirement are based onthe 2017 CalPERS Experience Study for theperiod from 1997 to 2015.

Mortality
The probabilities of mortality are based onthe 2017 CalPERS Experience Study for theperiod from 1997 to 2011. Pre-retirementand Post-retirement mortality rates include20 years of projected mortality improvementusing Scale BB published by the Society ofActuaries.

The probabilities of mortality are based onthe 2017 CalPERS Experience Study for theperiod from 1997 to 2011. Pre-retirementand Post-retirement mortality rates include20 years of projected mortality improvementusing Scale BB published by the Society ofActuaries.

The probabilities of mortality are based onthe 2017 CalPERS Experience Study for theperiod from 1997 to 2011. Pre-retirementand Post-retirement mortality rates include20 years of projected mortality improvementusing Scale BB published by the Society ofActuaries.

The probabilities of mortality are based onthe 2021 CalPERS Experience Study for theperiod from 2000 to 2019. Pre-retirementand Post-retirement mortality rates include20 years of projected mortality improvementusing Scale BB published by the Society ofActuaries.

The probabilities of mortality are based onthe 2021 CalPERS Experience Study for theperiod from 2000 to 2019. Pre-retirementand Post-retirement mortality rates include20 years of projected mortality improvementusing Scale BB published by the Society ofActuaries.

Methods and assumptions used to determine contribution rates:
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Required Supplementary Information
Fiscal Year 2015/16 2016/17 2017/18 2018/19 2019/20
Measurement Date 6/30/2015 6/30/2016 6/30/2017 6/30/2018 6/30/2019 Safety Plan
Proportion of the Net Pension Liability 0.2513% 0.2646% 0.2687% 0.2766% 0.2352% Proportionate Share of the Net Pension Liability $ 10,355,885 $ 13,706,745 $ 16,054,650 $ 16,230,478 $ 14,684,347 Covered Payroll $ 5,577,559 $ 5,274,445 $ 7,585,314 $ 8,033,945 $ 8,269,499 Proportionate Share of the Net Pension Liability as a Percentage of Covered Payroll 185.67% 259.87% 211.65% 202.02% 177.57% Plan's Fiduciary Net Position $ 44,008,978 $ 45,031,490 $ 46,175,307 $ 56,350,461 $ 64,421,577 Plan Fiduciary Net Position as a percentage of the Total Pension Liability 78.40% 74.06% 73.31% 75.26% 75.26%
Fiscal Year 2020/21 2021/22 2022/23 2023/24 2024/25
Measurement Date 6/30/2020 6/30/2021 6/30/2022 6/30/2023 6/30/2024 Safety Plan
Proportion of the Net Pension Liability 0.2344% 0.1515% 0.2595% 0.2581% 0.2494% Proportionate Share of the Net Pension Liability $ 15,618,436 $ 5,315,829 $ 17,831,496 $ 19,289,763 $ 18,184,961 Covered Payroll $ 8,457,701 $ 8,929,257 $ 9,447,663 $ 9,831,954 $ 9,795,728 Proportionate Share of the Net Pension Liability as a Percentage of Covered Payroll 184.67% 59.53% 188.74% 196.19% 185.64%
Plan's Fiduciary Net Position $ 68,981,562 $ 84,077,184 $ 78,581,752 $ 86,838,625 $ 99,710,773 Plan Fiduciary Net Position as a percentage of the Total Pension Liability 75.10% 88.29% 76.68% 76.21% 78.08%
Safety Plan
Cost-Sharing Multiple-Employer Defined Benefit Plan
Schedule of Proportionate Share of the Net Pension Liability Last 10 Years
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Required Supplementary Information
Fiscal Year 2015/16 2016/17 2017/18 2018/19 2019/20Safety PlanActuarially Determined Contribution (ADC) 1,777,004 $ 1,915,780 $ 2,126,779 $ 2,395,452 $ 2,462,412 $ Contributions in Relation to the Actuarially Determined Contributions (1,777,004) (1,915,780) (2,126,779) (5,493,690) (3,573,095) Contribution Deficiency (Excess) - $ - $ - $ (3,098,238) $ (1,110,683) $ Covered Payroll 5,274,445 $ 7,585,314 $ 8,033,945 $ 8,269,499 $ 8,457,701 $ Contributions as a Percentage of Covered Payroll 33.69% 25.26% 26.47% 28.97% 29.11%Fiscal Year 2020/21 2021/22 2022/23 2023/24 2024/25Safety PlanActuarially Determined Contribution (ADC) 2,640,402 $ 2,976,724 $ 3,003,438 $ 2,880,685 $ 3,410,976 $ Contributions in Relation to the Actuarially Determined Contributions (2,640,402) (5,262,936) (4,503,438) (3,365,976) (4,144,802) Contribution Deficiency (Excess) - $ (2,286,212) $ (1,500,000) $ (485,291) $ (733,826) $ Covered Payroll 8,929,257 $ 9,447,663 $ 9,831,954 $ 9,795,728 $ 10,865,513 $ Contributions as a Percentage of Covered Payroll 29.57% 31.51% 30.55% 29.41% 31.39% Safety Plan
Cost-Sharing Multiple-Employer Defined Benefit Plan
Schedule of Contributions
Last 10 Years
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ASSETS
Current Assets: Cash and Investments $ 182,398 3,045,384 $ 427,930 $ 407,383 $ 377,053 $ 5,369,922 $ 2,227,973 $ Restricted Cash and Investments - - - - - - - Receivables 39 302,920 34,481 121,649 79 286 94 Prepaids - - - - - 2,862 - Due from Other Funds - - - - - - - Land Held for Resale - - - - - - - Total Assets $ 182,437 3,348,304 $ 462,411 $ 529,032 $ 377,132 $ 5,373,070 $ 2,228,067 $

LIABILITIES
Current Liabilities:

Accounts Payable and Accrued Liabilities $ 888 - $ 5,849 $ - $ 37,290 $ 429,206 $ 597 $ Due to Other Funds - - - - - - - Interfund Advance Payable - - - - - - - Total Current Liabilities 888 - 5,849 - 37,290 429,206 597 Non-Current Liabilities Due in More Than One Year: Interfund Advance Payable - - - - - - - Total Non-Current Liabilities - - - - - - -
Total Liabilities 888 - 5,849 - 37,290 429,206 597

FUND BALANCES
Nonspendable - - - - - 2,862 - Restricted 181,549 3,348,304 456,562 529,032 339,842 4,941,002 - Committed - - - - - - 2,227,470 Unassigned - - - - - - - Total Fund Balances 181,549 3,348,304 456,562 529,032 339,842 4,943,864 2,227,470 Total Liabilities, Deferred Inflows
of Resources and Fund Balances $ 3,348,304 $ 182,437 $ 462,411 $ 529,032 $ 377,132 $ 5,373,070 $ 2,228,067 Continued
Non-Major Governmental Funds
Combining Balance Sheet
City of Brentwood
Special Revenue Funds
June 30, 2025
Citywide Park
Assessment
District
Community
Gas Tax Facilities Districts
Disability Access
and Education Police Grants Grants
Economic
Development
Grant
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2024/25 Annual Comprehensive Financial Report

ASSETS
Current Assets: Cash and Investments $ 1,577,486 $ - $ - $ 50,629 $ 874,054 $ 3,938,843 $ 1,024,960 $ 3,052,615 Restricted Cash and Investments - - - - - - - -
Receivables 558 319 - 3 41 185 54 163
Prepaids - - - - - - - -
Due from Other Funds - - - - - - - -
Land Held for Resale - - - - - - - -
Total Assets $ 1,578,044 $ 319 $ - $ 50,632 $ 874,095 $ 3,939,028 $ 1,025,014 $ 3,052,778 LIABILITIES Current Liabilities: Accounts Payable and Accrued Liabilities $ 17,473 $ - $ - $ - $ - $ - $ - $ 568 Due to Other Funds - $ 2,989,484 256,555 - - - - -
Interfund Advance Payable - - - - - - - -
Total Current Liabilities 17,473 2,989,484 256,555 - - - - 568 Non-Current Liabilities Due in More Than One Year: Interfund Advance Payable - - - - - - - - Total Non-Current Liabilities - - - - - - - -
Total Liabilities 17,473 2,989,484 256,555 - - - - 568
FUND BALANCES Nonspendable - - - - -
Restricted 1,560,571 - - 50,632 874,095 3,939,028 1,025,014 3,052,210 Committed - - - - - - - -
Unassigned - (2,989,165) (256,555) - - - - -
Total Fund Balances 1,560,571 (2,989,165) (256,555) 50,632 874,095 3,939,028 1,025,014 3,052,210 Total Liabilities, Deferred Inflows
of Resources and Fund Balances $ 1,578,044 $ 319 $ - $ 50,632 $ 874,095 $ 3,939,028 $ 1,025,014 $ 3,052,778 Continued
Non-Major Governmental Funds (Continued)
Combining Balance Sheet
City of Brentwood
June 30, 2025
Public Art
Acquisition
Community
Facilities
Development
Impact Fee
Development
Impact Fee
Administration
Agriculture Land
Acquisition
Public Art
Administration
Roadway
Development
Impact Fee
Agriculture Land
Administration
Special Revenue Funds (Continued)
Parks and Trails
Development
Impact Fee
128
2024/25 Annual Comprehensive Financial Report

Permanent
Fund
ASSETSCurrent Assets: Cash and Investments $ 469 $ 23,453 $ 181,566 $ 654,357 $ 2,049,727 $ 16,917 $ 81,728 Restricted Cash and Investments - - - - - - -
Receivables - - 10,381 31 98 - 20
Prepaids - - - - - - -
Due from Other Funds - - - - - - -
Land Held for Resale - - - - - 420,000 -
Total Assets $ 469 $ 23,453 $ 191,947 $ 654,388 $ 2,049,825 $ 436,917 $ 81,748 LIABILITIES Current Liabilities: Accounts Payable and Accrued Liabilities $ - $ - $ - $ - $ - $ - $ - Due to Other Funds - - - - - - -
Interfund Advance Payable - - - - - - -
Total Current Liabilities - - - - - - -
Non-Current Liabilities Due in More Than One Year: Interfund Advance Payable - - - - - - - Total Non-Current Liabilities - - - - - - -
Total Liabilities - - - - - - -
FUND BALANCES Nonspendable - - - - - - 80,000
Restricted 469 23,453 191,947 654,388 2,049,825 436,917 1,748 Committed - - - - - - -
Unassigned - - - - - - -
Total Fund Balances 469 23,453 191,947 654,388 2,049,825 436,917 81,748 Total Liabilities, Deferred Inflows
of Resources and Fund Balances $ 469 $ 23,453 $ 191,947 $ 654,388 $ 2,049,825 $ 436,917 $ 81,748 Continued
City of Brentwood
Combining Balance Sheet
Non-Major Governmental Funds (Continued)
June 30, 2025
Abandoned
Vehicle
Abatement PEG Media Measure J
City Low Income
Asset Forfeiture Housing
Riparian
Mitigation Site
Maintenance
Special Revenue Funds (Continued)
Parking In-Lieu
129
2024/25 Annual Comprehensive Financial Report

ASSETS
Current Assets: Cash and Investments $ 69,759 $ 59,536 $ 17,358 $ 17,121,122 - $ $ 12,279,284 $ 19,914,908 $ - Restricted Cash and Investments 1,571,825 - 13,499 - - - - 1,813,528 Receivables 7,975,010 109 8,826,315 - 1,372,011 - - -
Prepaids - - - - - - - -
Due from Other Funds - - - - - 256,555 2,989,484 -
Land Held for Resale - - - - - - - -
Total Assets $ 9,616,594 $ 59,645 $ 8,857,172 $ 18,493,133 - $ $ 12,535,839 $ 22,904,392 $ 1,813,528 LIABILITIES Current Liabilities: Accounts Payable and Accrued Liabilities $ - $ 1,265 $ - $ - $ 1,158,271 $ 9,081 $ 340,043 $ - Due to Other Funds - - - - - - - -
Interfund Advance Payable - - - - - - - -
Total Current Liabilities - 1,265 - - 1,158,271 9,081 340,043 - Non-Current Liabilities Due in More
Than One Year: Interfund Advance Payable - - - - - - - - Total Non-Current Liabilities - - - - - - - -
Total Liabilities - 1,265 - - 1,158,271 9,081 340,043 - FUND BALANCES Nonspendable - - - - - - - -
Restricted 9,616,594 58,380 8,857,172 17,334,862 - 12,526,758 22,564,349 1,813,528 Committed - - - - - - - - Unassigned - - - - - - - -
Total Fund Balances 9,616,594 58,380 8,857,172 17,334,862 - 12,526,758 22,564,349 1,813,528 Total Liabilities, Deferred Inflows
of Resources and Fund Balances $ 9,616,594 $ 59,645 $ 8,857,172 $ 18,493,133 - $ $ 12,535,839 $ 22,904,392 $ 1,813,528 Continued
June 30, 2025
Debt Service Funds
Non-Major Governmental Funds (Continued)
Combining Balance Sheet
City of Brentwood
Parks and Trails
Improvements
Capital
Improvement
Financing
Program 2006-1
Capital Project Funds
Roadway
Improvements
Community
Facilities
Improvements
Capital
Improvement
Revenue Refunding
Bonds Series 2021
A & B
General
Obligation Bonds
Series 2002
2019 Civic Center
Project Lease
Revenue
Refunding Bonds
2015 Lease
Financing
130
2024/25 Annual Comprehensive Financial Report

ASSETS
Current Assets: Cash and Investments $ - $ 54,378 $ 503,570 $ 535,649 $ 582,908 $ 76,703,319 Restricted Cash and Investments - - - - - 3,398,852 Receivables - 3 140 1,465 1,960 18,648,414
Prepaids - - - - - 2,862
Due from Other Funds - - - - - 3,246,039
Land Held for Resale - - - - - 420,000
Total Assets $ - $ 54,381 $ 503,710 $ 537,114 $ 584,868 $ 102,419,486

LIABILITIES
Current Liabilities: Accounts Payable and Accrued Liabilities $ - $ - $ - $ - $ - $ 2,000,531 Due to Other Funds - - - - - 3,246,039
Interfund Advance Payable - - 289,681 - - 289,681 Total Current Liabilities - - 289,681 - - 5,536,251 Non-Current Liabilities Due in More Than One Year: Interfund Advance Payable - - 1,157,685 - - 1,157,685 Total Non-Current Liabilities - - 1,157,685 - - 1,157,685 Total Liabilities - - 1,447,366 - - 6,693,936
FUND BALANCES Nonspendable - - - - - 82,862
Restricted - 54,381 - 537,114 584,868 97,604,594 Committed - - - - - 2,227,470 Unassigned - - (943,656) - - (4,189,376)
Total Fund Balances - 54,381 (943,656) 537,114 584,868 95,725,550 Total Liabilities, Deferred Inflows
of Resources and Fund Balances $ - $ 54,381 $ 503,710 $ 537,114 $ 584,868 $ 102,419,486 City of Brentwood
Capital Project Funds (Continued)
June 30, 2025
Non-Major Governmental Funds (Continued)
Combining Balance Sheet
Capital
Infrastructure Vineyards Projects
City Capital
Improvement
Financing
Program
Civic Center
Capital
Improvement
Financing
Program
Total Non-Major
Governmental
Funds
Capital
Improvement
Financing
Program 2005-1
131
2024/25 Annual Comprehensive Financial Report

REVENUES
Taxes $ - - $ - $ - $ - $ - $ 8,728,726 $
Licenses - - - - 212,753 - -
Uses of Money and Property 227,231 7,920 21,571 20,793 16,223 254,802 79,203 Intergovernmental 3,571,211 - 317,599 657,245 - - -
Fees and Other Revenues - 24,311 - - - 3,997,808 -
Total Revenues 32,231 3,798,442 339,170 678,038 228,976 4,252,610 8,807,929 EXPENDITURESCurrent: General Government 1,568 - - 49,252 - - - Public Safety - - 197,507 - - - -
Community Development - 1,230 - - 207,900 - -
Parks and Recreation - - - - - 7,064,421 -
Community Services - - - - - - 32,140
Capital Outlay - - 33,927 121,550 - - -
Debt Service:

Principal - - - - - - -
Interest and Fiscal Charges - - - - - - -
Total Expenditures 1,568 1,230 231,434 170,802 207,900 7,064,421 32,140 REVENUES OVER (UNDER) EXPENDITURES 3,796,874 31,001 107,736 507,236 21,076 (2,811,811) 8,775,789 OTHER FINANCING SOURCES (USES)Transfers In 615,996 - - - 3,800,631 - 754,082 Transfers Out (3,703,341) - - (311,245) - (9,436,248) - Total Other Financing Sources (Uses) (3,087,345) - - (311,245) 3,800,631 - (8,682,166) Net Change in Fund Balances 709,529 31,001 107,736 195,991 21,076 988,820 93,623 Fund Balance, Beginning of Year, as previously reported 2,638,775 150,548 348,826 333,041 318,766 3,955,044 2,133,847 Adjustment - change from major fund to nonmajor fund - - - - - - - Fund Balance, Beginning of Year, as adjusted 2,638,775 150,548 348,826 333,041 318,766 3,955,044 2,133,847 Fund Balance, End of Year $ 3,348,304 $ 181,549 $ 456,562 $ 529,032 $ 339,842 $ 4,943,864 $ 2,227,470 Continued
Special Revenue Funds
For Year Ended June 30, 2025
Non-Major Governmental Funds
Combining Statement of Revenues, Expenditures and Changes in Fund Balances City of Brentwood
Gas Tax
Disability Access
and Education Police Grants Grants
Economic
Development
Grant
Citywide Park
Assessment
District
Community
Facilities
Districts
132
2024/25 Annual Comprehensive Financial Report

REVENUES
Taxes $ - - $ - $ - $ - $ - $ - $ - $
Licenses - - - - - - - -
Uses of Money and Property 682,412 365,485 - 6,251 46,767 205,380 59,120 182,948 Intergovernmental - - - - - - - -
Fees and Other Revenues 2,014,764 967,657 46,441 121,885 71,027 284,109 28,767 115,070 Total Revenues 1,333,142 2,697,176 46,441 128,136 117,794 489,489 87,887 298,018 EXPENDITURESCurrent: General Government 1,010,259 - 26,966 250,114 63,732 3,251 937 22,361 Public Safety - - - - - - - -
Community Development - - - - - - - -
Parks and Recreation - 579,231 - - - - - -
Community Services - - - - - - - -
Capital Outlay - - - - - - - -
Debt Service: Principal - - - - - - - -
Interest and Fiscal Charges - - - - - - - -
Total Expenditures 1,010,259 579,231 26,966 250,114 63,732 3,251 937 22,361 REVENUES OVER (UNDER) EXPENDITURES 1,686,917 753,911 19,475 (121,978) 54,062 486,238 86,950 275,657 OTHER FINANCING SOURCES (USES)Transfers In - 641 - - - - - - Transfers Out (4,982,604) (2,500,000) (140,484) - - - (57,277) (297,581) Total Other Financing Sources (Uses) (4,982,604) (2,499,359) (140,484) - - - (57,277) (297,581) Net Change in Fund Balances (3,295,687) (1,745,448) (121,009) (121,978) 54,062 486,238 29,673 (21,924) Fund Balance, Beginning of Year, as previously reported 4,856,258 (1,243,717) (135,546) 172,610 820,033 3,452,790 995,341 3,074,134 Adjustment - change from major fund to nonmajor fund - - - - - - - Fund Balance, Beginning of Year, as adjusted 4,856,258 (1,243,717) (135,546) 172,610 820,033 3,452,790 995,341 3,074,134 Fund Balance, End of Year $ 1,560,571 $ (2,989,165) $ (256,555) $ 50,632 $ 874,095 $ 3,939,028 $ 1,025,014 $ 3,052,210 Continued
For Year Ended June 30, 2025
Non-Major Governmental Funds (Continued)
Combining Statement of Revenues, Expenditures and Changes in Fund Balances City of Brentwood
Special Revenue Funds (Continued)
Parks and Trails
Development
Impact Fee
Public Art
Administration
Public Art
Acquisition
Community
Facilities
Development
Impact Fee
Roadway
Development
Impact Fee
Development
Impact Fee
Administration
Agriculture Land
Administration
Agriculture Land
Acquisition
133
2024/25 Annual Comprehensive Financial Report

Permanent
Fund
REVENUESTaxes $ - - $ - $ - $ - $ - $ - $
Licenses - - - - - - -
Uses of Money and Property 24 703 7,734 35,009 96,159 607 4,096 Intergovernmental - - - - 1,275,306 - -
Fees and Other Revenues - 8,065 44,640 - - - -
Total Revenues 8,768 24 52,374 35,009 1,371,465 607 4,096 EXPENDITURESCurrent: General Government - - - 555 11,460 - - Public Safety - 237 - - - - -
Community Development - - - - - - -
Parks and Recreation - - - - - - -
Community Services - - - - - - -
Capital Outlay - - - - - - -
Debt Service:

Principal - - - - - - -
Interest and Fiscal Charges - - - - - - -
Total Expenditures - 237 - 555 11,460 - -
REVENUES OVER (UNDER) EXPENDITURES 24 8,531 52,374 34,454 1,360,005 607 4,096 OTHER FINANCING SOURCES (USES)Transfers In - - - - - - - Transfers Out - - - (1,400,000) - - (5,516)
Total Other Financing Sources (Uses) - - - (1,400,000) - - (5,516) Net Change in Fund Balances 24 8,531 52,374 34,454 (39,995) 607 (1,420) Fund Balance, Beginning of Year, as previously reported 445 14,922 139,573 619,934 2,089,820 436,310 83,168 Adjustment - change from major fund to nonmajor fund - - - - - - - Fund Balance, Beginning of Year, as adjusted 14,922 445 139,573 619,934 2,089,820 436,310 83,168 Fund Balance, End of Year $ 23,453 469 $ 191,947 $ 654,388 $ 2,049,825 $ 436,917 $ 81,748 $ Continued
Measure J
Riparian
Mitigation Site
Maintenance
City Low Income
Housing
Special Revenue Funds (Continued)
Asset Forfeiture
City of Brentwood
Combining Statement of Revenues, Expenditures and Changes in Fund Balances Non-Major Governmental Funds (Continued)
For Year Ended June 30, 2025
Parking In-Lieu
Abandoned
Vehicle
Abatement PEG Media
134
2024/25 Annual Comprehensive Financial Report

REVENUES
Taxes $ 667,360 - $ - $ - $ - $ - $ - $ - $
Licenses - - - - - - - -
Uses of Money and Property 84,084 13,641 6,294 - - - - 51,291 Intergovernmental 422,000 - 684,300 - 1,372,011 - - -
Fees and Other Revenues - - - - - - - -
Total Revenues 681,001 506,084 690,594 - 1,372,011 - - 51,291 EXPENDITURESCurrent: General Government - - - - 2,721,873 167,202 - - Public Safety - - - - - - - -
Community Development 65,517 5,265 10,201 - - - - -
Parks and Recreation - - - - - - - -
Community Services - - - - - - - -
Capital Outlay - - - 5,331,562 - 166,642 2,595,087 -
Debt Service: Principal 1,557,891 690,000 1,475,000 545,000 - - - - Interest and Fiscal Charges 142,938 1,192,275 - 245,294 - - - - Total Expenditures 1,766,346 695,265 2,677,476 790,294 8,053,435 333,844 2,595,087 - REVENUES OVER (UNDER) EXPENDITURES (1,260,262) (14,264) (1,986,882) (790,294) (6,681,424) (333,844) (2,595,087) 51,291 OTHER FINANCING SOURCES (USES)Transfers In 615,181 2,352,520 - 790,294 8,152,940 1,206,241 6,534,971 - Transfers Out (289,680) - (754,082) - (615,996) (301,504) (69,623) - Total Other Financing Sources (Uses) 325,501 1,598,438 - 790,294 7,536,944 904,737 6,465,348 - Net Change in Fund Balances (934,761) (14,264) (388,444) - 855,520 570,893 3,870,261 51,291 Fund Balance, Beginning of Year, as previously reported 10,551,355 72,644 9,245,616 - 11,955,865 - 18,694,088 1,762,237 Adjustment - change from major fund to nonmajor fund - - - - 16,479,342 - - - Fund Balance, Beginning of Year, as adjusted 72,644 10,551,355 9,245,616 - 16,479,342 11,955,865 18,694,088 1,762,237 Fund Balance, End of Year $ 58,380 9,616,594 $ 8,857,172 $ - $ 17,334,862 $ 12,526,758 $ 22,564,349 $ 1,813,528 $ Continued
Capital
Improvement
Financing
Program 2006-1
Debt Service Funds
Capital
Improvement
Revenue
Refunding Bonds
Series 2021 A & B
General
Obligation
Bonds Series
2002
2019 Civic
Center Project
Lease Revenue
Refunding
Bonds
2015 Lease
Financing
For Year Ended June 30, 2025
Non-Major Governmental Funds (Continued)
Combining Statement of Revenues, Expenditures and Changes in Fund Balances Capital Project Funds
City of Brentwood
Roadway
Improvements
Community
Facilities
Improvements
Parks and Trails
Improvements
135
2024/25 Annual Comprehensive Financial Report

REVENUES
Taxes $ - - $ - $ - $ - $ 9,396,086 $
Licenses - - - - - 212,753
Uses of Money and Property 16,381 5,391 145,520 345,579 432,195 3,420,814 Intergovernmental - - - - - 8,299,672
Fees and Other Revenues - 1,184,808 565,446 - - 9,474,798 Total Revenues 1,190,199 16,381 710,966 345,579 432,195 30,804,123 EXPENDITURESCurrent: General Government 698,350 78 2,265 - - 5,030,223 Public Safety - - - - - 197,744
Community Development - - - - - 290,113
Parks and Recreation - - - - - 7,643,652
Community Services - - - - - 32,140
Capital Outlay - - - - - 8,248,768
Debt Service: Principal - - - - - 4,267,891
Interest and Fiscal Charges - - - - - 1,580,507
Total Expenditures 698,350 78 2,265 - 27,291,038 -
REVENUES OVER (UNDER) EXPENDITURES (681,969) 1,190,121 708,701 345,579 432,195 3,513,085 OTHER FINANCING SOURCES (USES)Transfers In - - 289,680 286,383 25,399,560 - Transfers Out (1,184,412) - (528,453) (2,285,454) (28,863,500) - Total Other Financing Sources (Uses) (1,184,412) - (238,773) (1,999,071) (3,463,940) - Net Change in Fund Balances (681,969) 5,709 469,928 (1,653,492) 432,195 49,145 Fund Balance, Beginning of Year, as previously reported 681,969 48,672 (1,413,584) 2,190,606 152,673 79,197,063 Adjustment - change from major fund to nonmajor fund - - - - - 16,479,342 Fund Balance, Beginning of Year, as adjusted 48,672 681,969 (1,413,584) 2,190,606 152,673 95,676,405 Fund Balance, End of Year $ 54,381 - $ (943,656) $ 537,114 $ 584,868 $ 95,725,550 $ Civic Center
Capital
Improvement
Financing
Program
Capital
Improvement
Financing
Program 2005-1
Capital Project Funds (Continued)
For Year Ended June 30, 2025
Non-Major Governmental Funds (Continued)
Combining Statement of Revenues, Expenditures and Changes in Fund Balances City of Brentwood
Vineyards
Projects
City Capital
Improvement
Financing
Program
Capital
Infrastructure
Total NonMajor
Governmental
Funds
136
2024/25 Annual Comprehensive Financial Report

Budget Actual Variance Budget Actual Variance Budget Actual Variance

REVENUES
Taxes $ - $ - $ - $ - $ - $ - $ - $ - $ -
Licenses - - - - - - - - -
Uses of Money and Property 97,308 227,231 129,923 4,470 7,920 3,450 8,660 21,571 12,911 Intergovernmental 3,470,118 3,571,211 101,093 - - - 439,004 317,599 (121,405) Fees and Other Revenues - - - 23,750 24,311 561 - - -
Total Revenues 3,567,426 3,798,442 231,016 28,220 32,231 4,011 447,664 339,170 (108,494)

EXPENDITURES
Current:

General Government 3,462 1,568 1,894 - - - - - -
Public Safety - - - - - - 445,673 197,507 248,166
Community Development - - - 21,695 1,230 20,465 - - -
Parks and Recreation - - - - - - - - -
Community Services - - - - - - - - -
Capital Outlay - - - - - - 33,927 33,927 -
Total Expenditures 3,462 1,568 1,894 21,695 1,230 20,465 479,600 231,434 248,166 REVENUES OVER (UNDER) EXPENDITURES 3,796,874 3,563,964 232,910 6,525 31,001 24,476 (31,936) 107,736 139,672

OTHER FINANCING SOURCES (USES)
Transfers In 615,996 - 615,996 - - - - - -
Transfers Out (3,816,573) (3,703,341) 113,232 - - - - - - Total Other Financing Sources (Uses) (3,816,573) (3,087,345) 729,228 - - - - - - Net Change in Fund Balances $ (252,609) 709,529 $ 962,138 $ 6,525 31,001 $ 24,476 $ (31,936) 107,736 $ 139,672 Fund Balance, Beginning of Year 2,638,775 150,548 348,826 Fund Balance, End of Year $ 3,348,304 $ 181,549 $ 456,562 Continued
City of Brentwood
Schedule of Revenues, Expenditures and Changes in Fund Balances Budget and Actual
For Year Ended June 30, 2025
Budgeted Non-Major Governmental Funds
Special Revenue Funds
Gas Tax Disability Access and Education Police Grants
137
2024/25 Annual Comprehensive Financial Report

Budget Actual Variance Budget Actual Variance Budget Actual Variance

REVENUES
Taxes $ - $ - $ - $ - $ - $ - $ - $ - $ -Licenses - - - 205,321 212,753 7,432 - - -Uses of Money and Property 700 20,793 20,093 10,858 16,223 5,365 73,443 254,802 181,359 Intergovernmental 3,735,745 657,245 (3,078,500) - - - - - - Fees and Other Revenues - - - - - 3,905,473 - 3,997,808 92,335 Total Revenues 3,736,445 678,038 (3,058,407) 216,179 228,976 12,797 3,978,916 4,252,610 273,694

EXPENDITURES
Current: General Government 344,049 49,252 294,797 - - - - - - Public Safety - - - - - - - - - Community Development - - - 292,900 207,900 85,000 - - - Parks and Recreation - - - - - 7,405,289 - 7,064,421 340,868 Community Services - - - - - - - - -
Capital Outlay 121,550 121,550 - - - - - - -
Total Expenditures 465,599 170,802 294,797 292,900 207,900 85,000 7,405,289 7,064,421 340,868 REVENUES OVER (UNDER) EXPENDITURES 507,236 3,270,846 (2,763,610) (76,721) 21,076 97,797 (3,426,373) (2,811,811) 614,562

OTHER FINANCING SOURCES (USES)
Transfers In - - - - - - 3,800,631 3,800,631 -
Transfers Out (3,529,245) (311,245) 3,218,000 - - - - - - Total Other Financing Sources (Uses) (3,529,245) (311,245) 3,218,000 - - 3,800,631 - 3,800,631 - Net Change in Fund Balances $ (258,399) 195,991 $ 454,390 $ (76,721) 21,076 $ 97,797 $ 374,258 988,820 $ 614,562 Fund Balance, Beginning of Year 333,041 318,766 3,955,044 Fund Balance, End of Year $ 529,032 $ 339,842 $ 4,943,864 Continued
For Year Ended June 30, 2025
City of Brentwood
Schedule of Revenues, Expenditures and Changes in Fund Balances Budget and Actual
Budgeted Non-Major Governmental Funds (Continued)
Special Revenue Funds (Continued)
Grants Economic Development Grant Citywide Park Assessment District 138
2024/25 Annual Comprehensive Financial Report

Budget Actual Variance Budget Actual Variance Budget Actual Variance

REVENUES
Taxes $ 8,728,726 8,745,072 $ (16,346) $ - $ - $ - $ - $ - $ - $ Licenses - - - - - - - - -
Uses of Money and Property 71,250 79,203 7,953 300,000 682,412 382,412 84,750 365,485 280,735 Intergovernmental - - - - - - - - -
Fees and Other Revenues - - - 2,114,123 2,014,764 (99,359) 726,523 967,657 241,134 Total Revenues 8,816,322 8,807,929 (8,393) 2,414,123 2,697,176 283,053 811,273 1,333,142 521,869

EXPENDITURES
Current: General Government - - 1,110,512 - 1,010,259 100,253 - - - Public Safety - - - - - - - - -
Community Development - - - - - - - - -
Parks and Recreation - - - - - - 630,274 579,231 51,043 Community Services 62,485 32,140 30,345 - - - - - -
Capital Outlay - - - - - - - - -
Total Expenditures 62,485 32,140 30,345 1,110,512 1,010,259 100,253 630,274 579,231 51,043 REVENUES OVER (UNDER) EXPENDITURES 8,775,789 8,753,837 21,952 1,303,611 1,686,917 383,306 180,999 753,911 572,912

OTHER FINANCING SOURCES (USES)
Transfers In 754,082 754,084 (2) - - - - 641 641
Transfers Out (9,629,227) (9,436,248) 192,979 (4,982,652) (4,982,604) 48 (2,500,000) (2,500,000) - Total Other Financing Sources (Uses) (8,875,143) (8,682,166) 192,977 (4,982,652) (4,982,604) (2,500,000) 48 (2,499,359) 641 Net Change in Fund Balances $ (121,306) 93,623 $ 214,929 $ (3,679,041) (3,295,687) $ 383,354 $ (2,319,001) (1,745,448) $ 573,553 Fund Balance, Beginning of Year 2,133,847 4,856,258 (1,243,717) Fund Balance, End of Year $ 2,227,470 $ 1,560,571 $ (2,989,165) Continued
Community Facilities Districts Parks and Trails Development Impact Fee Roadway Development Impact Fee Special Revenue Funds (Continued)
City of Brentwood
Schedule of Revenues, Expenditures and Changes in Fund Balances Budget and Actual
Budgeted Non-Major Governmental Funds (Continued)
For Year Ended June 30, 2025
139
2024/25 Annual Comprehensive Financial Report

Budget Actual Variance Budget Actual Variance Budget Actual Variance

REVENUES
Taxes $ - $ - $ - $ - $ - $ - $ - $ - $ -
Licenses - - - - - - - - -
Uses of Money and Property - - - 4,988 6,251 1,263 23,158 46,767 23,609 Intergovernmental - - - - - - - - -
Fees and Other Revenues 69,086 46,441 (22,645) 184,904 121,885 (63,019) - 71,027 71,027 Total Revenues 69,086 46,441 (22,645) 189,892 128,136 (61,756) 23,158 117,794 94,636

EXPENDITURES
Current: General Government 37,133 26,966 10,167 251,453 250,114 1,339 139,637 63,732 75,905 Public Safety - - - - - - - - -
Community Development - - - - - - - - -
Parks and Recreation - - - - - - - - -
Community Services - - - - - - - - -
Capital Outlay - - - - - - - - -
Total Expenditures 37,133 26,966 10,167 251,453 250,114 1,339 139,637 63,732 75,905 REVENUES OVER (UNDER) EXPENDITURES 19,475 31,953 (12,478) (61,561) (121,978) (60,417) (116,479) 54,062 170,541

OTHER FINANCING SOURCES (USES)
Transfers In - - - - - - - - -
Transfers Out (140,557) (140,484) 73 - - - - - -
Total Other Financing Sources (Uses) (140,557) (140,484) 73 - - - - - - Net Change in Fund Balances $ (108,604) (121,009) $ (12,405) $ (61,561) (121,978) $ (60,417) $ (116,479) 54,062 $ 170,541 Fund Balance, Beginning of Year (135,546) 172,610 820,033 Fund Balance, End of Year $ (256,555) $ 50,632 $ 874,095 Continued
Community Facilities Development Impact Fee Development Impact Fee Administration Agriculture Land Administration Special Revenue Funds (Continued)
City of Brentwood
Schedule of Revenues, Expenditures and Changes in Fund Balances Budget and Actual
Budgeted Non-Major Governmental Funds (Continued)
For Year Ended June 30, 2025
140
2024/25 Annual Comprehensive Financial Report

Budget Actual Variance Budget Actual Variance Budget Actual Variance

REVENUES
Taxes $ - $ - $ - $ - $ - $ - $ - $ - $ -
Licenses - - - - - - - - -
Uses of Money and Property 90,735 205,380 114,645 35,600 59,120 23,520 110,163 182,948 72,785 Intergovernmental - - - - - - - - -
Fees and Other Revenues 284,109 - 284,109 - 28,767 28,767 115,070 - 115,070 Total Revenues 90,735 489,489 398,754 35,600 87,887 52,287 110,163 298,018 187,855

EXPENDITURES
Current: General Government 259,158 3,251 255,907 1,242 937 305 30,068 22,361 7,707 Public Safety - - - - - - - - -
Community Development - - - - - - - - -
Parks and Recreation - - - - - - - - -
Community Services - - - - - - - - -
Capital Outlay - - - - - - - - -
Total Expenditures 259,158 3,251 255,907 1,242 937 305 30,068 22,361 7,707 REVENUES OVER (UNDER) EXPENDITURES 486,238 654,661 34,358 (168,423) 86,950 52,592 80,095 275,657 195,562

OTHER FINANCING SOURCES (USES)
Transfers In - - - - - - - - -
Transfers Out - - - (57,277) (57,277) (298,169) - (297,581) 588 Total Other Financing Sources (Uses) - - - (57,277) (57,277) (298,169) - (297,581) 588 Net Change in Fund Balances $ (168,423) 486,238 $ 654,661 $ (22,919) 29,673 $ 52,592 $ (218,074) (21,924) $ 196,150 Fund Balance, Beginning of Year 3,452,790 995,341 3,074,134 Fund Balance, End of Year $ 3,939,028 $ 1,025,014 $ 3,052,210 Continued
Agriculture Land Acquisition Public Art Administration Public Art Acquisition Special Revenue Funds (Continued)
City of Brentwood
Schedule of Revenues, Expenditures and Changes in Fund Balances Budget and Actual
Budgeted Non-Major Governmental Funds (Continued)
For Year Ended June 30, 2025
141
2024/25 Annual Comprehensive Financial Report

Budget Actual Variance Budget Actual Variance Budget Actual Variance

REVENUES
Taxes $ - $ - $ - $ - $ - $ - $ - $ - $ -
Licenses - - - - - - - - -
Uses of Money and Property 51 24 (27) 429 703 274 3,500 7,734 4,234 Intergovernmental - - - - - - - - -
Fees and Other Revenues - - - - 8,065 8,065 41,200 44,640 3,440 Total Revenues 51 24 (27) 429 8,768 8,339 44,700 52,374 7,674

EXPENDITURES
Current: General Government 2 - 2 - - - - - -
Public Safety - - - 238 237 1 - - -
Community Development - - - - - - - - -
Parks and Recreation - - - - - - - - -
Community Services - - - - - - - - -
Capital Outlay - - - - - - - - -
Total Expenditures 2 - 2 238 237 1 - - -
REVENUES OVER (UNDER) EXPENDITURES 24 49 (25) 191 8,531 8,340 44,700 52,374 7,674

OTHER FINANCING SOURCES (USES)
Transfers In - - - - - - - - -
Transfers Out - - - - - (155,000) - 155,000 -
Total Other Financing Sources (Uses) - - - - - (155,000) - 155,000 - Net Change in Fund Balances $ 49 24 $ (25) $ 191 8,531 $ 8,340 $ (110,300) 52,374 $ 162,674 Fund Balance, Beginning of Year 445 14,922 139,573
Fund Balance, End of Year $ 469 $ 23,453 $ 191,947
Continued
Parking In-Lieu Asset Forfeiture Abandoned Vehicle Abatement Special Revenue Funds (Continued)
City of Brentwood
Schedule of Revenues, Expenditures and Changes in Fund Balances Budget and Actual
Budgeted Non-Major Governmental Funds (Continued)
For Year Ended June 30, 2025
142
2024/25 Annual Comprehensive Financial Report

Budget Actual Variance Budget Actual Variance Budget Actual Variance

REVENUES
Taxes $ - $ - $ - $ - $ - $ - $ - $ - $ -
Licenses - - - - - - - - -
Uses of Money and Property 19,099 35,009 15,910 73,610 96,159 22,549 525 607 82 Intergovernmental - - 1,218,800 - 1,275,306 56,506 - - - Fees and Other Revenues - - - - - - - - -
Total Revenues 19,099 35,009 15,910 1,292,410 1,371,465 79,055 525 607 82

EXPENDITURES
Current:

General Government 3,714 555 3,159 22,568 11,460 11,108 5,000 - 5,000 Public Safety - - - - - - - - -
Community Development - - - - - - - - -
Parks and Recreation - - - - - - - - -
Community Services - - - - - - - - -
Capital Outlay - - - - - - - - -
Total Expenditures 3,714 555 3,159 22,568 11,460 11,108 5,000 - 5,000 REVENUES OVER (UNDER) EXPENDITURES 34,454 15,385 19,069 1,269,842 1,360,005 90,163 (4,475) 607 5,082

OTHER FINANCING SOURCES (USES)
Transfers In - - - - - - - - -
Transfers Out - - (1,400,000) - (1,400,000) - - - -
Total Other Financing Sources (Uses) - - (1,400,000) - (1,400,000) - - - - Net Change in Fund Balances $ 15,385 34,454 $ 19,069 $ (130,158) (39,995) $ 90,163 $ (4,475) 607 $ 5,082 Fund Balance, Beginning of Year 619,934 2,089,820 436,310 Fund Balance, End of Year $ 654,388 $ 2,049,825 $ 436,917 Continued
Schedule of Revenues, Expenditures and Changes in Fund Balances Budgeted Non-Major Governmental Funds (Continued)
City of Brentwood
Special Revenue Funds (Continued)
For Year Ended June 30, 2025
Budget and Actual
PEG Media Measure J City Low Income Housing
143
2024/25 Annual Comprehensive Financial Report

Civic Center
Budget Actual Variance Budget Actual Variance

REVENUES
Taxes $ - $ - $ - $ - $ - $ -
Licenses - - - - - -
Uses of Money and Property 2,800 4,096 1,296 1,125 5,391 4,266 Intergovernmental - - - - - -
Fees and Other Revenues - - 1,179,479 - 1,184,808 5,329 Total Revenues 2,800 4,096 1,296 1,180,604 1,190,199 9,595

EXPENDITURES
Current: General Government - - - 78 78 -
Public Safety - - - - - -
Community Development - - - - - -
Parks and Recreation - - - - - -
Community Services - - - - - -
Capital Outlay - - - - - -
Total Expenditures - - - 78 78 -
REVENUES OVER (UNDER) EXPENDITURES 4,096 2,800 1,296 1,180,526 1,190,121 9,595

OTHER FINANCING SOURCES (USES)
Transfers In - - - - - -
Transfers Out (5,516) (5,516) (1,184,953) - (1,184,412) 541 Total Other Financing Sources (Uses) (5,516) (5,516) (1,184,953) - (1,184,412) 541 Net Change in Fund Balances $ (2,716) (1,420) $ 1,296 $ (4,427) 5,709 $ 10,136 Fund Balance, Beginning of Year 83,168 48,672
Fund Balance, End of Year $ 81,748 $ 54,381
Continued
Permanent Fund Capital Project Funds
Riparian Mitigation Site Maintenance Capital Improvement Financing Program City of Brentwood
Schedule of Revenues, Expenditures and Changes in Fund Balances Budget and Actual
Budgeted Non-Major Governmental Funds (Continued)
For Year Ended June 30, 2025
144
2024/25 Annual Comprehensive Financial Report

Budget Actual Variance Budget Actual Variance Budget Actual Variance

REVENUES
Taxes $ - $ - $ - $ - $ - $ - $ - $ - $ -
Licenses - - - - - - - - -
Uses of Money and Property 37,500 145,520 108,020 85,128 345,579 260,451 432,195 - 432,195 Intergovernmental - - - - - - - - -
Fees and Other Revenues 536,106 565,446 29,340 - - - - - - Total Revenues 573,606 710,966 137,360 85,128 345,579 260,451 432,195 - 432,195

EXPENDITURES
Current: General Government 2,265 2,265 - 409,046 409,046 - - - - Public Safety - - - - - - - - -
Community Development - - - - - - - - -
Parks and Recreation - - - - - - - - -
Community Services - - - - - - - - -
Capital Outlay - - - - - - - - -
Total Expenditures 2,265 2,265 - 409,046 409,046 - - - - REVENUES OVER (UNDER) EXPENDITURES 708,701 571,341 137,360 (323,918) 345,579 669,497 - 432,195 432,195

OTHER FINANCING SOURCES (USES)
Transfers In 289,680 289,681 (1) - 286,383 286,383 - - - Transfers Out (528,453) (809,640) 281,187 (2,353,454) (2,285,454) 68,000 - - - Total Other Financing Sources (Uses) (238,773) (519,959) 281,186 (2,353,454) (1,999,071) 354,383 - - - Net Change in Fund Balances $ 469,928 51,382 418,546 $ (2,677,372) $ (1,653,492) 1,023,880 $ - $ 432,195 432,195 $ Fund Balance, Beginning of Year 2,190,606 (1,413,584) 152,673 Fund Balance, End of Year $ 537,114 (943,656) $ 584,868 $ Capital Project Funds (Continued)
City Capital Improvement Financing Program Capital Infrastructure Vineyards Projects City of Brentwood
Schedule of Revenues, Expenditures and Changes in Fund Balances Budget and Actual
Budgeted Non-Major Governmental Funds (Continued)
For Year Ended June 30, 2025
145
2024/25 Annual Comprehensive Financial Report

Vehicle and Information
Information Equipment Systems Facilities
Systems Replacement Replacement Replacement Tuition
ASSETS
Current Assets:

Cash and Investments $ 1,895,826 $ 8,263,341 $ 4,100,023 $ 12,150,547 $ 88,113 Receivables, Net of Allowance for Doubtful Accounts 91 22,530 316 581 4 Inventories - - - - -
Prepaids 322,736 - - - -
Interfund Advance Receivable - - - - -
Total Current Assets 2,218,653 8,285,871 4,100,339 12,151,128 88,117 Non-Current Assets:

Interfund Advance Receivable - - - - -
Capital Assets:

Depreciable 294,507 29,489,679 - - -
Less: Accumulated Depreciation and Amortization (14,725) (15,716,244) - - - Total Capital Assets, Net of Accumulated
Depreciation and Amortization 13,773,435 279,782 - - -
Total Non-Current Assets 279,782 13,773,435 - - -
Total Assets 22,059,306 2,498,435 4,100,339 12,151,128 88,117

DEFERRED OUTFLOWS OF RESOURCES
Related to OPEB 363,345 - - - -
Related to Pensions 770,207 - - - -
Total Deferred Outflows of Resources 1,133,552 - - - -

LIABILITIES
Current Liabilities:

Accounts Payable and Accrued Liabilities 160,987 108,196 8,850 91,463 1,323 Interest Payable 1,931 - - - -
Long-Term Debt Due Within One Year - 51,280 - - -
Compensated Absences Payable 262,715 - - - -
Total Current Liabilities 476,913 108,196 8,850 91,463 1,323 Non-Current Liabilities Due in More Than One Year:

Net OPEB Liability 1,357,174 - - - -
Net Pension Liability 1,832,697 - - - -
Subscription Liability 181,957 - - - -
Compensated Absences Payable 40,955 - - - -
Total Non-Current Liabilities 3,412,783 - - - -
Total Liabilities 3,889,696 108,196 8,850 91,463 1,323

DEFERRED INFLOWS OF RESOURCES
Related to OPEB 194,810 - - - -
Related to Pensions 29,734 - - - -
Total Deferred Inflows of Resources 224,544 - - - -

NET POSITION
Net Investment in Capital Assets and Capacity Rights 46,545 13,773,435 - - - Unrestricted (528,798) 8,177,675 4,091,489 12,059,665 86,794 Total Net Position $ (482,253) $ 21,951,110 $ 4,091,489 $ 12,059,665 $ 86,794 June 30, 2025
All Internal Service Funds
Combining Statement of Net Position
City of Brentwood
146
2024/25 Annual Comprehensive Financial Report

Fleet Facilities Pension/Other
Maintenance Maintenance Parks and LLAD Post-Employment
Services Services Replacement Insurance Benefits Obligation Totals ASSETS
Current Assets:

Cash and Investments $ 1,356,521 $ 2,452,088 $ 27,996,879 $ 840,987 $ 14,339,113 $ 73,483,438 Receivables, Net of Allowance for Doubtful Accounts 60 116 1,313 - 633 25,644 Inventories 79,139 - - - - 79,139
Prepaids 1,362 10,022 - - 540,251 874,371
Interfund Advance Receivable - - 72,248 - 289,681 361,929 Total Current Assets 1,437,082 2,462,226 28,070,440 840,987 15,169,678 74,824,521 Non-Current Assets:

Interfund Advance Receivable - - 433,485 - 1,157,685 1,591,170 Capital Assets:

Depreciable - - - - 29,784,186 -
Less: Accumulated Depreciation and Amortization - - - - (15,730,969) - Total Capital Assets, Net of Accumulated
Depreciation and Amortization - - - - - 14,053,217
Total Non-Current Assets - - 433,485 - 1,157,685 15,644,387 Total Assets 2,462,226 1,437,082 28,503,925 840,987 16,327,363 90,468,908

DEFERRED OUTFLOWS OF RESOURCES
Related to OPEB 161,942 146,630 - - - 671,917
Related to Pensions 256,498 245,400 - - - 1,272,105
Total Deferred Outflows of Resources 418,440 392,030 - - - 1,944,022

LIABILITIES
Current Liabilities:

Accounts Payable and Accrued Liabilities 141,771 86,440 9,965 21,380 - 630,375 Interest Payable - - - - - 1,931
Long-Term Debt Due Within One Year - - - - - 51,280
Compensated Absences Payable 39,586 64,071 - - - 366,372 Total Current Liabilities 181,357 150,511 9,965 21,380 - 1,049,958 Non-Current Liabilities Due in More Than One Year:

Net OPEB Liability 578,368 906,735 - - - 2,842,277
Net Pension Liability 602,029 588,725 - - - 3,023,451
Subscription Liability - - - - - 181,957
Compensated Absences Payable 7,445 9,621 - - - 58,021
Total Non-Current Liabilities 1,187,842 1,505,081 - - - 6,105,706 Total Liabilities 1,369,199 1,655,592 9,965 21,380 - 7,155,664

DEFERRED INFLOWS OF RESOURCES
Related to OPEB 101,443 130,468 - - - 426,721
Related to Pensions 9,767 9,552 - - - 49,053
Total Deferred Inflows of Resources 111,210 140,020 - - - 475,774

NET POSITION
Net Investment in Capital Assets and Capacity Rights - - - - 13,819,980 - Unrestricted 375,113 1,058,644 28,493,960 819,607 16,327,363 70,961,512 Total Net Position $ 375,113 $ 1,058,644 $ 28,493,960 $ 819,607 $ 16,327,363 $ 84,781,492 City of Brentwood
June 30, 2025
All Internal Service Funds (Continued)
Combining Statement of Net Position
147
2024/25 Annual Comprehensive Financial Report

Vehicle and Information
Information Equipment Systems Facilities
Systems Replacement Replacement Replacement Tuition
Operating Revenues:

Charges for Services $ 4,234,356 $ 2,206,688 $ 1,093,004 $ 1,100,000 $ 15,000 Other Income - 232,484 - - -
Total Operating Revenues 4,234,356 2,439,172 1,093,004 1,100,000 15,000 Operating Expenses:

Personnel Services 2,739,422 - - - -
Repairs and Maintenance 83,427 37,726 - 186,744 -
Materials, Supplies and Services 1,737,134 177,977 153,494 48,594 6,715 Depreciation and Amortization 14,725 2,036,378 - - -
Total Operating Expenses 4,574,708 2,252,081 153,494 235,338 6,715 Operating Income (Loss) (340,352) 187,091 939,510 864,662 8,285 Non-Operating Revenues (Expenses):

Interest Income 98,001 470,693 342,209 636,372 4,569
Interest Expense (1,931) - - - -
Gain or (Loss) on Disposal of Capital Assets - 188,775 - - - Total Non-Operating Revenues (Expenses) 96,070 659,468 342,209 636,372 4,569 Income (Loss) Before Contributions and Transfers (244,282) 846,559 1,281,719 1,501,034 12,854 Capital Assets Contributed from (to) Governmental Activities - - (52,865) (128,162) - Transfers In 2,078,568 - - - -
Transfers Out - - (609,858) - -
Change in Net Position (244,282) 2,925,127 618,996 1,372,872 12,854 Net Position, Beginning of Year, as previously reported (2,600) 19,025,983 3,472,493 10,686,793 73,940 Adjustments - change in accounting principle (235,371) - - - - Net Position, Beginning of Year, as adjusted (237,971) 19,025,983 3,472,493 10,686,793 73,940 Net Position, End of Year $ 21,951,110 (482,253) $ 4,091,489 $ 12,059,665 $ 86,794 $ Continued
For Year Ended June 30, 2025
All Internal Service Funds
Combining Statement of Revenues, Expenses and Changes in Fund Net Position City of Brentwood
148
2024/25 Annual Comprehensive Financial Report

Fleet Facilities Pension/Other
Maintenance Maintenance Parks and LLAD Post-Employment
Services Services Replacement Insurance Benefits Obligation Totals Operating Revenues:

Charges for Services $ 2,611,387 $ 2,013,299 $ 1,765,744 $ 4,127,121 $ 3,874,710 $ 23,041,309 Other Income - 315 31,760 - - 264,559
Total Operating Revenues 2,611,387 2,013,614 1,797,504 4,127,121 3,874,710 23,305,868 Operating Expenses:

Personnel Services 946,246 924,433 - 11,379 6,001,780 10,623,260 Repairs and Maintenance 30,856 84,715 242,654 - - 666,122 Materials, Supplies and Services 1,300,866 910,830 277,696 3,652,103 139,996 8,405,405 Depreciation and Amortization - - - - 2,051,103 -
Total Operating Expenses 2,277,968 1,919,978 520,350 3,663,482 6,141,776 21,745,890 Operating Income (Loss) 333,419 93,636 1,277,154 463,639 (2,267,066) 1,559,978 Non-Operating Revenues (Expenses):

Interest Income 62,133 126,777 1,497,203 - 736,227 3,974,184 Interest Expense - - - - - (1,931)
Gain or (Loss) on Disposal of Capital Assets - - - - - 188,775 Total Non-Operating Revenues (Expenses) 62,133 126,777 1,497,203 - 736,227 4,161,028 Income (Loss) Before Contributions and Transfers 395,552 220,413 2,774,357 463,639 (1,530,839) 5,721,006 Capital Assets Contributed from (to) Governmental Activities - - (46,533) - - (227,560) Transfers In - - 177,738 - 1,313,029 3,569,335
Transfers Out - (1,759,969) - - (2,369,827) -
Change in Net Position 395,552 220,413 1,145,593 463,639 (217,810) 6,692,954 Net Position, Beginning of Year, as previously reported 11,755 862,285 27,348,367 355,968 16,545,173 78,380,157 Adjustments - change in accounting principle (32,194) (24,054) - - - (291,619) Net Position, Beginning of Year, as adjusted (20,439) 838,231 27,348,367 355,968 16,545,173 78,088,538 Net Position, End of Year $ 375,113 $ 1,058,644 $ 28,493,960 $ 819,607 $ 16,327,363 $ 84,781,492 For Year Ended June 30, 2025
All Internal Service Funds (Continued)
Combining Statement of Revenues, Expenses and Changes in Fund Net Position City of Brentwood
149
2024/25 Annual Comprehensive Financial Report

Vehicle and Information
Information Equipment Systems Facilities
Systems Replacement Replacement Replacement Tuition
Cash Flows from Operating Activities
Cash Received from Customers/Other Funds $ 4,368,246 $ 2,184,563 $ 1,093,004 $ 1,100,000 $ 15,000 Cash Payments to Suppliers of Goods and Services (1,515,001) (500,120) (147,740) (605,288) (15,041) Cash Payments to Employees for Services (2,667,796) - - - - Cash Payments for Interfund Services (202,904) - - - -
Other Receipts - 232,484 - - -
Net Cash Provided By (Used for) Operating Activities (17,455) 1,916,927 945,264 494,712 (41) Cash Flows from Non-Capital Financing Activities
Transfers Received 2,078,568 - - - -
Transfers Paid - - (609,858) - -
Interfund Advance Receivable - - - - -
Net Cash Provided By (Used for) Non-Capital
Financing Activities 2,078,568 - (609,858) - -
Cash Flows from Capital and Related Financing Activities Principal Paid on Subscription Liability - (61,269) - - - Capital Assets Purchased and Contributed to Governmental Funds - - (52,865) (128,162) -
Proceeds from Sale of Capital Assets - 188,775 - - -
Acquisition and Construction of Capital Assets (5,716,296) - - - - Net Cash Provided By (Used for) Capital and
Related Financing Activities (5,527,521) (61,269) (52,865) (128,162) - Cash Flows from Investing Activities
Interest on Investments 97,999 470,742 342,155 636,319 4,569 Net Cash Provided By Investing Activities 470,742 97,999 342,155 636,319 4,569 Net Increase (Decrease) in Cash and Cash Equivalents 19,275 (1,061,284) 624,696 1,002,869 4,528 Cash and Cash Equivalents - Beginning of Year 1,876,551 9,324,625 3,475,327 11,147,678 83,585 Cash and Cash Equivalents - End of Year $ 1,895,826 $ 8,263,341 $ 4,100,023 $ 12,150,547 $ 88,113 Reconciliation of Operating Income to Net Cash
Provided By (Used for) Operating Activities:

Operating Income (Loss) $ (340,352) $ 187,091 $ 939,510 $ 864,662 $ 8,285 Adjustments to Reconcile Operating Income to Net Cash
Provided By (Used for) Operating Activities:

Depreciation and Amortization 14,725 2,036,378 - - -
Change in Assets, Liabilities and Deferred
Outflows/Inflows of Resources:

Receivables - (22,125) - - -
Prepaid Items 133,962 - - - -
Accounts Payable and Other Payables 102,656 (284,417) 5,754 (369,950) (8,326) Net OPEB Liability and Deferred
Outflows/Inflows of Resources related to OPEB (22,068) - - - - Net Pension Liability and Deferred
Outflows/Inflows of Resources related to Pensions 182,878 - - - - Compensated Absences Payable (89,256) - - - -
Net Cash Provided By (Used for) Operating Activities $ (17,455) $ 1,916,927 $ 945,264 $ 494,712 $ (41) Noncash Capital Activities:

Capital Asset Contributions from (to) Governmental Activities $ - - $ (52,865) $ (128,162) $ - $ Issuance of Subscription Liability - (294,507) - - -
Subscription Assets 294,507 - - - -
Continued
For Year Ended June 30, 2025
All Internal Service Funds
Combining Statement of Cash Flows
City of Brentwood
150
2024/25 Annual Comprehensive Financial Report

Fleet Facilities Pension/Other
Maintenance Maintenance Parks and LLAD Post-Employment
Services Services Replacement Insurance Benefits Obligation Totals Cash Flows from Operating Activities
Cash Received from Customers/Other Funds $ 2,625,985 $ 2,005,082 $ 1,765,744 $ 4,127,121 $ 3,904,956 $ 23,189,701 Cash Payments to Suppliers of Goods and Services (1,162,419) (814,883) (603,287) (3,695,680) (139,996) (9,199,455) Cash Payments to Employees for Services (929,213) (873,322) - (11,379) (6,018,861) (10,500,571) Cash Payments for Interfund Services (182,152) (164,376) - - - (549,432) Other Receipts - 315 31,760 - - 264,559
Net Cash Provided By (Used for) Operating Activities 352,201 152,816 1,194,217 420,062 (2,253,901) 3,204,802 Cash Flows from Non-Capital Financing Activities
Transfers Received - - 177,738 - 1,313,029 3,569,335
Transfers Paid - (1,759,969) - - (2,369,827) -
Interfund Advance Receivable - - 72,248 - 281,838 354,086 Net Cash Provided By (Used for) Non-Capital
Financing Activities - - (1,509,983) - 1,594,867 1,553,594 Cash Flows from Capital and Related Financing Activities Principal Paid on Subscription Liability - - - - - (61,269) Capital Assets Purchased and Contributed to Governmental Funds - - (46,533) - - (227,560)
Proceeds from Sale of Capital Assets - - - - - 188,775
Acquisition and Construction of Capital Assets - - - - - (5,716,296) Net Cash Provided By (Used for) Capital and
Related Financing Activities - - (46,533) - - (5,816,350) Cash Flows from Investing Activities
Interest on Investments 62,116 126,763 1,497,142 - 736,170 3,973,975 Net Cash Provided By Investing Activities 126,763 62,116 1,497,142 - 736,170 3,973,975 Net Increase (Decrease) in Cash and Cash Equivalents 414,317 279,579 1,134,843 420,062 77,136 2,916,021 Cash and Cash Equivalents - Beginning of Year 942,204 2,172,509 26,862,036 420,925 14,261,977 70,567,417 Cash and Cash Equivalents - End of Year $ 1,356,521 $ 2,452,088 $ 27,996,879 $ 840,987 $ 14,339,113 $ 73,483,438 Reconciliation of Operating Income to Net Cash
Provided By (Used for) Operating Activities:

Operating Income (Loss) $ 333,419 $ 93,636 $ 1,277,154 $ 463,639 $ (2,267,066) $ 1,559,978 Adjustments to Reconcile Operating Income to Net Cash
Provided By (Used for) Operating Activities:

Depreciation and Amortization - - - - 2,051,103 -
Change in Assets, Liabilities and Deferred
Outflows/Inflows of Resources:

Receivables - - - - - (22,125)
Prepaid Items 14,630 (8,169) - - 13,165 153,588
Accounts Payable and Other Payables (12,849) 16,286 (82,937) (43,577) - (677,360) Net OPEB Liability and Deferred
Outflows/Inflows of Resources related to OPEB (9,789) (8,875) - - - (40,732) Net Pension Liability and Deferred
Outflows/Inflows of Resources related to Pensions 47,071 58,675 - - - 288,624 Compensated Absences Payable (20,281) 1,263 - - - (108,274) Net Cash Provided By (Used for) Operating Activities $ 352,201 $ 152,816 $ 1,194,217 $ 420,062 $ (2,253,901) $ 3,204,802 Noncash Capital Activities:

Capital Asset Contributions from (to) Governmental Activities $ - - $ (46,533) $ - $ - $ (227,560) $ Issuance of Subscription Liability - - - - - (294,507)
Subscription Assets - - - - - 294,507
City of Brentwood
For Year Ended June 30, 2025
All Internal Service Funds (Continued)
Combining Statement of Cash Flows
151
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Special Assessment
Districts Asset Seizure
Pass-Through
Funds
Total Custodial
Funds
ASSETS
Current Assets:

Cash and Investments $ 11,639,949 $ - $ 209,018 $ 11,848,967 Restricted Cash and Investments 3,473,500 - - 3,473,500 Interest Receivable - 2,366 - 2,366
Total Assets 15,115,815 - 209,018 15,324,833

LIABILITIES
Current Liabilities:

Accounts Payable and Accrued Liabilities 7,217 - - 7,217 Due to Local Governments - - 187,927 187,927
Total Liabilities - 7,217 187,92 7 195,144

NET POSITION (DEFICIT)
Restricted for:

Individuals and Organizations 15,108,598 - - 15,108,598 Other Governments - - 21,091 21,091
Total Net Position (Deficit) $ - 15,108,598 $ 21,091 $ 15,129,689 $ City of Brentwood
Combining Statement of Fiduciary Net Position
Custodial Funds
June 30, 2025
152
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Special Assessment
Districts Asset Seizure
Pass-Through
Funds
Total Custodial
Funds

ADDITIONS
Contributions:

Assessments 12,962,904 $ - $ - $ 12,962,904 $
Private Contributions - 32,636 3,538,250 3,570,886
Total Contributions 12,962,904 32,636 3,538,250 16,533,790 Net Investment Earnings 474,230 - - 474,230
Total Additions 13,437,134 32,636 3,538,250 17,008,020

DEDUCTIONS
Administrative Expenses 311,709 - - 311,709
Payments to Bondholders 12,560,952 - - 12,560,952
Recipient Payments - 32,636 4,228,489 4,261,125
Total Deductions 12,872,661 32,636 4,228,489 17,133,786 Net Increase (Decrease) in Fiduciary Net Position 564,473 - (690,239) (125,766) Net Position (Deficit) - Beginning of Year 14,544,125 - 711,330 15,255,455 Net Position (Deficit) - End of Year $ - 15,108,598 $ 21,091 $ 15,129,689 $ City of Brentwood
Combining Statement of Changes in Fiduciary Net Position Custodial Funds
For Year Ended June 30, 2025
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Page
Financial Trends 155 to 159
Revenue Capacity 160 to 168
Debt Capacity 169 to 173
Demographic and Economic Information 174 to 175
Operating Information 176 to 179
Independent Auditor's Report on Internal Control Over Financial Reporting and on Compliance and Other Matters 180 to 181 Based on an Audit of Financial Statements Performed in Accordance with Government Auditing Standards

OTHER AUDIT REPORT
City of Brentwood

STATISTICAL SECTION CONTENTS
These schedules contain trend information to help the reader understand how the City’s financial performance and well-being have changed over time.

These schedules contain operational and resource information to help the reader understand how the City’s financial information relates to the services the City provides and the activities it performs.

These schedules contain information to help the reader assess the factors affecting the City’s ability to generate its property taxes, sales taxes and water user fee revenue.

These schedules contain information to help the reader assess the affordability of the City’s current levels of outstanding debt and the City’s ability to issue additional debt in the future.

These schedules contain demographic and economic information to help the reader understand the environment within which the City’s financial activities take place.

Sources: Unless otherwise noted, the information in these schedules is derived from the City’s relevant Annual Comprehensive Financial Reports. 154
2024/25 Annual Comprehensive Financial Report

Schedule - 1
2016 2017 (1) 2018 2019 2020 2021 2022 2023 2024 2025
Governmental Activities
Net Investment in Capital Assets $ 434,420,162 $ 422,791,124 $ 429,289,132 $ 428,440,973 $ 438,758,759 $ 439,532,350 $ 445,827,339 $ 450,695,117 $ 458,294,923 $ 467,649,257 Restricted 79,824,615 95,801,016 95,686,834 89,830,884 90,068,569 97,743,329 98,666,260 104,166,207 108,321,964 110,278,418 Unrestricted 23,264,290 29,172,068 21,024,270 32,437,289 38,162,260 43,450,142 59,980,629 60,303,301 56,080,289 57,012,221 $ 537,509,067 $ 547,764,208 $ 546,000,236 $ 550,709,146 $ 566,989,588 $ 580,725,821 $ 604,474,228 $ 615,164,625 $ 622,697,176 $ 634,939,896 Business-Type Activities
$ 195,261,914 183,270,963 $ 206,237,571 $ 221,745,108 $ 227,074,648 $ 233,287,769 $ 244,726,467 $ 256,399,994 $ 259,130,097 $ 256,856,263 $ Restricted 29,240,801 25,362,943 25,157,771 27,643,027 34,893,200 51,135,610 46,692,198 44,156,526 39,844,327 40,306,407 Unrestricted 40,008,359 42,896,575 42,251,920 46,789,534 54,389,753 50,324,808 67,345,200 69,320,275 85,754,795 99,445,743 $ 263,521,432 252,520,123 $ 273,647,262 $ 296,177,669 $ 316,357,601 $ 334,748,187 $ 358,763,865 $ 369,876,795 $ 384,729,219 $ 396,608,413 $ Primary Government
$ 618,053,038 616,590,129 $ 635,526,703 $ 650,186,081 $ 665,833,407 $ 672,820,119 $ 690,553,806 $ 707,095,111 $ 717,425,020 $ 724,505,520 $ Restricted 103,791,758 121,163,959 120,844,605 117,473,911 124,961,769 148,878,939 145,358,458 148,322,733 148,166,291 150,584,825 Unrestricted 69,647,303 72,068,643 63,276,190 79,226,823 92,552,013 93,774,950 127,325,829 129,623,576 141,835,084 156,457,964 $ 811,285,640 790,029,190 $ 819,647,498 $ 846,886,815 $ 883,347,189 $ 915,474,008 $ 963,238,093 $ 985,041,420 $ 1,007,426,395 $ 1,031,548,309 $ (1) The City implemented the provisions of GASB Statement No. 75 for fiscal year ended June 30, 2018. Historical data has not been converted.

NET POSITION BY COMPONENT
LAST TEN FISCAL YEARS(Accrual Basis of Accounting)
(Unaudited)
City of Brentwood
Total Business-Type Activities Net PositionTotal Primary Government Net PositionTotal Governmental Activities Net Position Net Investment in Capital Assets and Capacity Rights Net Investment in Capital Assets and Capacity Rights 155
2024/25 Annual Comprehensive Financial Report

Schedule - 2a
2016 2017 (1) 2018 (1) 2019 2020 2021 2022 2023 2024 2025 Expenses
General Government $ 13,973,215 $ 13,709,033 $ 13,388,117 $ 17,523,683 $ 12,657,560 $ 14,773,773 $ 12,640,259 $ 16,811,978 $ 15,501,108 $ 17,259,090 Public Safety 19,566,435 18,718,910 19,955,450 20,061,724 25,906,048 24,396,882 23,093,796 31,823,344 32,577,720 33,185,827 Community Development 3,980,128 4,386,875 4,790,307 4,684,855 5,602,306 5,196,191 4,652,217 6,142,789 6,715,451 6,392,709 Engineering 2,617,590 2,982,747 3,174,218 2,997,431 3,242,751 3,297,183 2,764,684 3,314,324 3,762,120 3,526,184 Public Works 6,977,557 7,266,573 7,606,439 8,145,779 7,711,732 7,564,560 7,369,216 8,734,183 9,410,141 9,043,702 Parks and Recreation 11,539,064 12,645,111 12,937,460 14,901,976 13,753,725 16,177,997 19,241,106 17,326,837 18,967,380 19,438,356 Community Services 7,056,264 7,300,460 7,802,659 8,585,969 11,816,750 9,119,958 7,862,198 8,161,482 8,967,495 9,785,221 Interest on Long-Term Debt 4,929,385 4,896,060 4,780,172 6,066,532 2,668,343 2,540,294 1,745,437 1,828,523 1,717,740 1,629,729 Total Expenses 70,639,638 71,905,769 74,434,822 82,967,949 83,359,215 83,066,838 79,368,913 94,143,460 97,619,155 100,260,818 Program Revenues
Charges for Services: General Government 8,570,160 9,134,325 9,204,518 9,327,444 9,018,596 9,500,309 9,512,175 9,952,024 10,390,253 12,148,365 Public Safety 457,271 418,829 418,188 476,632 527,323 369,513 405,942 533,732 508,599 525,278 Community Development 4,035,603 4,297,207 3,745,019 3,455,052 3,312,581 3,237,586 4,026,433 2,448,537 2,219,221 2,849,412 Engineering 2,281,340 2,100,302 2,077,627 2,655,887 1,675,369 2,378,156 1,869,904 1,987,664 2,194,614 2,554,270 Parks and Recreation 1,357,279 1,463,855 1,489,080 1,600,376 1,203,975 461,168 1,538,564 1,727,637 1,748,653 2,022,028 Operating Grants and Contributions 15,810,148 17,787,223 21,768,980 24,098,343 23,907,210 24,784,063 25,304,745 34,425,385 28,903,481 30,481,262 Capital Grants and Contributions 18,683,812 19,008,097 19,882,418 16,587,584 21,385,163 21,820,341 28,780,866 11,875,300 8,474,201 10,211,508 Total Program Revenues 51,195,613 54,209,838 58,585,830 58,201,318 61,030,217 62,551,136 71,438,629 62,950,279 54,439,022 60,792,123 Total Governmental Activities Net Expense (19,444,025) (17,695,931) (15,848,992) (24,766,631) (22,328,998) (20,515,702) (7,930,284) (31,193,181) (43,180,133) (39,468,695) General Revenues and Other Changes in Net Position
Taxes: Property Taxes 13,602,591 12,922,787 13,819,751 14,936,950 15,911,518 16,754,167 17,662,589 19,631,984 20,169,793 20,875,449 Sales Tax 7,319,216 8,188,046 8,785,927 8,941,152 8,555,697 9,380,307 11,033,446 11,191,139 11,162,609 11,410,844 Franchise Fees 1,473,443 1,487,179 1,499,715 1,420,321 1,461,483 1,547,505 1,581,396 1,649,986 1,645,223 1,711,396 Real Property Transfer Tax 506,626 547,975 641,279 491,249 473,351 781,173 794,244 464,723 460,558 415,668 Measure J, Transient Occupancy Tax 377,043 396,763 555,535 551,122 505,956 486,632 657,874 688,606 604,525 577,462 Motor Vehicle Taxes In-Lieu, Unrestricted 3,655,028 3,952,928 4,291,791 4,603,565 4,931,720 5,210,147 5,480,504 5,969,216 6,310,048 6,582,011 Gain on Sale of Real Property - - - - - - - 267,927 196,343 127,842 Investment Earnings 2,988,030 373,212 502,436 6,608,333 7,541,296 449,898 (6,200,352) 1,887,705 8,806,561 10,055,319 Miscellaneous 1,156,862 352,324 692,654 641,871 783,295 492,380 458,050 417,729 397,503 559,201 Transfers 762,119 (270,142) (2,399,950) (8,719,022) (1,554,876) (850,274) (1,225,585) (285,437) 1,039,521 2,184,286 Special Items: Denial of Transfer of Assets to the City - (2,574,834) (1,327,129) - - - - - - - Total General Revenues and Other Changes in Net Position 29,266,124 27,951,072 27,062,009 29,475,541 38,609,440 34,251,935 30,242,166 41,883,578 50,792,684 54,499,478 Total Governmental Activities Change in Net Position $ 9,822,099 $ 10,255,141 $ 11,213,017 $ 4,708,910 $ 16,280,442 $ 13,736,233 $ 22,311,882 $ 10,690,397 $ 7,612,551 $ 15,030,783 (1) Revenues were reclassified in FY 2016/17 and FY 2017/18. Prior years have not been revised.

City of Brentwood

CHANGES IN NET POSITION - GOVERNMENTAL ACTIVITIES

LAST TEN FISCAL YEARS
(Accrual Basis of Accounting)
(Unaudited)
156
2024/25 Annual Comprehensive Financial Report

Schedule - 2b
2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Expenses
Wastewater $ 10,003,159 $ 10,328,357 $ 10,744,008 $ 10,314,363 $ 11,152,196 $ 11,803,229 $ 11,516,452 $ 13,800,911 $ 14,340,756 $ 16,966,631 Solid Waste 10,680,780 11,493,599 12,281,266 12,945,626 13,233,700 13,648,764 13,547,713 14,670,911 16,125,176 18,507,916 Water 22,129,063 20,972,101 21,090,099 23,019,680 22,950,431 25,708,546 24,126,086 26,208,986 26,311,556 30,460,860 City Rentals 178,558 196,829 194,306 275,207 213,595 124,962 142,191 102,045 - - Housing 723,908 797,400 879,920 683,927 813,376 793,820 796,823 845,819 886,236 1,044,794 Total Expenses 43,715,468 43,788,286 45,189,599 47,238,803 48,363,298 52,079,321 50,129,265 55,628,672 57,663,724 66,980,201 Program Revenues
Charges for Services: Wastewater 11,663,637 11,261,121 12,096,684 13,749,988 13,450,041 14,899,845 15,996,687 16,241,628 16,315,416 17,120,796 Solid Waste 10,520,115 11,376,482 12,293,622 14,381,240 14,975,341 15,608,738 17,297,074 18,209,025 18,790,815 19,877,033 Water 16,288,609 17,977,213 21,784,977 22,894,067 25,719,969 27,801,513 27,378,018 26,637,293 29,345,008 32,209,343 City Rentals 486,477 497,573 579,656 605,941 562,648 130,105 - - - - Housing 265,269 285,418 305,623 317,385 330,951 327,577 385,496 345,324 361,206 394,048 Operating Grants and Contributions 918,028 1,024,113 740,936 595,800 407,651 182,113 1,417,564 239,312 431,354 - Capital Grants and Contributions 7,414,680 11,863,994 9,812,301 4,679,827 7,006,724 10,428,209 14,422,134 3,609,350 1,944,270 4,214,927 Total Program Revenues 47,556,815 54,285,914 57,613,799 57,224,248 62,453,325 69,378,100 76,896,973 65,281,932 67,188,069 73,816,147 Total Business-Type Activities Net Expense 3,841,347 10,497,628 12,424,200 9,985,445 14,090,027 17,298,779 26,767,708 9,653,260 9,524,345 6,835,946 General Revenues and Other Changes in Net Position
Gain on Sale of Real Property - - - - - - - - - 4,136
Investment Earnings 1,759,735 233,539 200,691 3,825,940 4,535,029 241,533 (3,977,615) 1,174,233 6,367,600 7,908,367 Transfers (762,119) 270,142 2,399,950 8,719,022 1,554,876 850,274 1,225,585 285,437 (1,039,521) (2,184,286) Total General Revenues and Other Changes in Net Position 997,616 503,681 2,600,641 12,544,962 6,089,905 1,091,807 (2,752,030) 1,459,670 5,328,079 5,728,217 Total Business-Type Activities Change in Net Position 4,838,963 11,001,309 15,024,841 22,530,407 20,179,932 18,390,586 24,015,678 11,112,930 14,852,424 12,564,163 Total Primary Government Change in Net Position $ 14,661,062 $ 21,256,450 $ 26,237,858 $ 27,239,317 $ 36,460,374 $ 32,126,819 $ 46,327,560 $ 21,803,327 $ 22,464,975 $ 27,594,946

CHANGES IN NET POSITION - BUSINESS-TYPE ACTIVITIES
City of Brentwood

LAST TEN FISCAL YEARS
(Accrual Basis of Accounting)
(Unaudited)
157
2024/25 Annual Comprehensive Financial Report

Schedule - 3
2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
General Fund Nonspendable $ 68,054 $ 83,944 $ 87,527 $ 88,247 $ 89,806 $ 76,064 $ 39,794 $ 263,722 $ 301,978 $ 319,424 Restricted 92,426 94,464 95,620 95,930 95,930 95,930 - - 678,000 - Committed 9,266,345 7,553,950 11,986,875 12,271,706 11,605,158 11,467,875 10,478,042 9,455,685 6,008,590 4,963,138 Assigned - - - - - - - - - -
Unassigned 13,120,085 15,673,545 16,399,436 17,403,997 18,798,852 19,386,486 21,019,628 22,066,513 22,423,011 24,129,382 Total General Fund $ 22,546,910 $ 23,405,903 $ 28,569,458 $ 29,859,880 $ 30,589,746 $ 31,026,355 $ 31,537,464 $ 31,785,920 $ 29,411,579 $ 29,411,944 Other Governmental Funds Nonspendable $ 889 $ 80,914 $ 81,092 $ 80,904 $ 81,680 $ 81,469 $ 80,915 $ 88,584 $ 92,352 $ 82,862 Restricted 93,642,510 100,964,619 95,849,782 89,659,638 89,869,729 97,489,866 98,593,372 104,276,684 106,536,726 109,511,374 Committed 6,963,196 1,779,008 2,696,413 2,626,972 2,772,858 3,166,477 3,789,250 5,102,910 2,133,847 2,227,470 Unassigned (561,034) (510) (1,280,327) (966,997) (502,784) (223,414) (94,294) (330,608) (2,792,847) (4,189,376) Total Other Governmental Funds $ 100,045,561 $ 102,824,031 $ 97,346,960 $ 91,400,517 $ 92,221,483 $ 100,514,398 $ 102,369,243 $ 109,137,570 $ 105,970,078 $ 107,632,330 Total Governmental Funds $ 122,592,471 $ 126,229,934 $ 125,916,418 $ 121,260,397 $ 122,811,229 $ 131,540,753 $ 133,906,707 $ 140,923,490 $ 135,381,657 $ 137,044,274

FUND BALANCES - GOVERNMENTAL FUNDS

LAST TEN FISCAL YEARS
(Modified Accrual Basis of Accounting)
(Unaudited)
City of Brentwood
158
2024/25 Annual Comprehensive Financial Report

Schedule - 4
2016 2017 (1) 2018 (1) 2019 (1) 2020 2021 2022 2023 2024 2025

REVENUES
Taxes $ 26,878,073 21,926,396 $ 29,406,949 $ 31,061,688 $ 32,006,777 $ 34,396,873 $ 37,606,581 $ 40,087,929 $ 40,705,488 $ 41,901,412 $ Licenses 878,054 826,330 887,614 880,361 853,455 927,184 955,854 978,854 974,150 1,063,764 Permits and Fines 6,686,821 6,806,441 6,062,836 6,270,459 5,407,548 5,941,970 6,188,715 4,676,519 4,888,377 6,568,238 Uses of Money and Property 469,616 1,967,917 688,771 4,688,742 5,075,099 624,972 (3,311,516) 1,584,230 5,844,675 6,318,819 Intergovernmental 9,903,403 8,981,674 9,995,621 14,580,776 12,406,486 14,191,531 11,989,612 19,538,218 15,735,238 15,028,497 Franchises 1,487,179 1,473,443 1,499,715 1,420,321 1,461,483 1,547,505 1,581,396 1,649,986 1,645,223 1,711,396 Charges for Other Services 561,815 287,150 573,488 728,194 281,466 187,540 259,762 306,005 231,294 264,101 Charges to Other Funds 7,538,724 6,811,651 7,333,321 7,822,311 7,780,455 8,179,116 8,190,240 8,689,235 8,910,637 9,834,459 Fees and Other Revenues 22,995,874 27,238,276 24,835,315 23,425,018 24,552,588 24,408,076 29,708,572 19,311,874 20,138,597 23,149,670 Total Revenues 76,319,278 77,399,559 81,283,630 90,877,870 89,825,357 90,404,767 93,169,216 96,822,850 99,073,679 105,840,356

EXPENDITURES
Current: General Government 11,421,015 11,067,613 10,740,742 13,500,206 9,649,880 11,297,439 11,201,089 13,942,512 12,067,599 14,669,674 Public Safety 19,353,959 21,544,435 22,307,319 23,406,679 24,522,711 25,244,305 34,175,515 28,898,715 30,043,734 32,470,533 Community Development 4,323,936 4,644,493 4,995,776 5,329,332 5,796,266 5,470,311 5,863,412 6,536,589 6,758,145 7,053,926 Engineering 2,865,976 3,227,631 3,315,619 3,460,092 3,417,308 3,402,200 3,545,915 3,593,515 3,785,289 3,978,922 Public Works 2,999,793 3,213,775 3,548,386 3,914,338 3,721,300 3,863,868 4,019,329 4,106,366 4,413,425 4,431,701 Parks and Recreation 9,550,815 10,613,064 10,826,070 10,842,249 11,281,521 12,770,022 13,837,574 14,871,122 15,734,401 16,684,732 Community Services 7,073,130 7,314,162 7,870,635 8,553,831 11,934,521 9,260,744 7,955,338 8,220,188 9,008,913 9,846,986 Capital Outlay 3,834,624 3,388,096 14,185,472 8,304,654 7,711,572 1,044,413 1,624,299 3,797,701 13,442,941 8,248,795 Debt Service: Principal 2,717,796 4,000,818 4,309,412 4,531,499 4,725,783 4,963,919 19,443,690 5,741,465 6,210,130 6,153,400 Interest and Fiscal Charges 4,681,817 4,630,649 4,495,898 4,924,096 2,643,960 2,526,525 2,351,854 1,780,534 1,688,629 1,624,240 Total Expenditures 68,822,861 73,644,736 86,595,329 86,766,976 85,404,822 79,843,746 104,018,015 91,488,707 103,153,206 105,162,909 REVENUES OVER (UNDER) EXPENDITURES 7,496,417 3,754,823 (5,311,699) 4,110,894 4,420,535 10,561,021 (10,848,799) 5,334,143 (4,079,527) 677,447

OTHER FINANCING SOURCES (USES)
Debt/Bond Issuance 11,515,000 - - - - - - - 1,134,501 - Premium on Bonds Issued - - - 5,297,298 - - - - - -
Refunding Bonds Issued - - - 32,210,000 - - 14,450,491 - - - Payment to Refunded Bond Escrow Agent - - - (42,663,905) - - - - - - Proceeds from Sale of Property - - - - - - - 1,600,000 - - Transfers In 32,528,893 40,527,627 33,710,608 25,990,602 24,734,842 30,820,978 30,549,644 48,402,183 41,396,416 39,366,019 Transfers Out (31,962,782) (40,644,987) (28,712,425) (29,600,910) (27,604,545) (32,652,475) (33,221,907) (48,319,543) (43,993,223) (38,380,849) Total Other Financing Sources (Uses) 12,081,111 (117,360) 4,998,183 (8,766,915) (2,869,703) (1,831,497) 11,778,228 1,682,640 (1,462,306) 985,170 Net Change in Fund Balances $ 19,577,528 $ 3,637,463 $ (313,516) $ (4,656,021) $ 1,550,832 $ 8,729,524 $ 929,429 $ 7,016,783 $ (5,541,833) $ 1,662,617 Debt Service as a Percentage of Noncapital Expenditures 12.29% 12.16% 12.05% 9.49% 9.51% 21.29% 21.29% 8.58% 8.80% 8.03% (1) Revenues were reclassified in FY 2016/17, FY 2017/18 and FY 2018/19. Prior years have not been revised.

City of Brentwood

CHANGES IN FUND BALANCES - GOVERNMENTAL FUNDS

LAST TEN FISCAL YEARS
(Modified Accrual Basis of Accounting)
(Unaudited)
159
2024/25 Annual Comprehensive Financial Report

Schedule - 5
Less: Total Taxable Total
Fiscal Residential Commercial Industrial Other Tax-Exempt Assessed Direct Year Property Property Property Property Property Value Tax Rate 2016 6,752,719,003 $ 681,242,92 $ 4 $ 44,844,527 $ 630,262,779 $ 191,001,081 $ 7,918,068,152 1.0055% 2017 7,325,221,995 732,682,891 49,905,838 651,999,580 199,761,692 8,560,048,612 1.0054%2018 8,035,473,592 774,705,747 53,146,631 619,828,756 197,364,463 9,285,790,263 1.0051%2019 8,698,086,441 803,435,376 94,258,947 575,947,374 202,198,948 9,969,529,190 1.0050%2020 9,345,436,471 834,684,128 96,654,841 580,146,368 215,602,467 10,641,319,341 1.0048%2021 9,915,034,056 867,155,727 103,452,830 598,717,073 229,804,117 11,254,555,569 1.0048%2022 10,402,665,673 919,931,165 110,293,241 601,566,592 252,806,680 11,781,649,991 1.0049%2023 11,395,946,342 999,542,218 117,266,060 616,204,623 259,507,750 12,869,451,493 1.0048%2024 12,165,712,811 1,053,211,413 122,097,044 705,371,124 262,431,971 13,783,960,421 1.0049%2025 12,582,725,293 1,090,448,687 122,725,386 855,803,012 312,727,648 14,338,974,730 1.0049% Source: Contra Costa County AssessorNote: General property taxes are calculated at 1% of total assessed value less local exemptions City of Brentwood

ASSESSED VALUE AND ESTIMATED ACTUAL VALUE OF TAXABLE PROPERTY (Unaudited)

LAST TEN TAX YEARS
160
2024/25 Annual Comprehensive Financial Report

Schedule - 6
General
Obligation Total Liberty Union Brentwood
Fiscal Basic Debt Direct High School Union School Other Year Rate Service Tax Rate District District Districts
2016 1.00% 0.0055% 1.0055% 0.0237% 0.0447% 0.0931%
2017 1.00% 0.0054% 1.0054% 0.0217% 0.0698% 0.0697%2018 1.00% 0.0051% 1.0051% 0.0450% 0.0635% 0.0942%2019 1.00% 0.0050% 1.0050% 0.0414% 0.0445% 0.0870%2020 1.00% 0.0048% 1.0048% 0.0399% 0.0617% 0.1013%2021 1.00% 0.0048% 1.0048% 0.0370% 0.0445% 0.0866%2022 1.00% 0.0049% 1.0049% 0.0360% 0.0441% 0.0844%2023 1.00% 0.0048% 1.0048% 0.0260% 0.0498% 0.0831%2024 1.00% 0.0049% 1.0049% 0.0283% 0.0462% 0.0695%2025 1.00% 0.0049% 1.0049% 0.0272% 0.0463% 0.0642% Source: HdL Coren & Cone, Contra Costa County Auditor/ControllerNote: General property taxes are calculated at 1% of total assessed value less local exemptions (1) Overlapping rates are those of local and county governments that apply to property owners within the City of Brentwood.

Not all overlapping rates apply to all Brentwood property owners.

DIRECT AND OVERLAPPING PROPERTY TAXES
City of Brentwood
Overlapping Rates (1) City Direct Rates
(Unaudited)

LAST TEN TAX YEARS
161
2024/25 Annual Comprehensive Financial Report

Schedule - 7
Percent of Percent of
Taxable City's Total Taxable City's Total
Assessed Taxable Assessed Taxable
Taxpayer Value Rank Value Value Rank Value
GTA Amber Lane LLC 88,830,64 $ 4 1 0.65% $ -
Brentwood Property Owner, LLC 88,382,559 2 0.63%
Silvergate Brentwood LLC 69,643,621 3 0.50%
Merrill Gardens Brentwood LLC 60,490,123 4 0.43%
DS Lone Tree Plaza LLC 58,419,089 5 0.42% 38,195,107 4 0.48% Sierra Landmark LLC 54,060,000 6 0.39%
KCM Brentwood LLC 51,789,265 7 0.37%
John Muir Mt Diablo Health 45,352,115 8 0.32% 38,548,336 3 0.49% AFE Brentwood Park LLC 27,359,984 9 0.20%
Brentwood Arbor Ridge LP 26,871,398 10 0.19% 22,539,657 8 0.28% G and I VII Brentwood LP 79,148,915 1 1.00%Sand Creek Crossing LLC 46,735,700 2 0.59%Tri Pointe Homes Inc 33,050,229 5 0.42%Trilogy Vineyards, LLC 29,690,975 6 0.37%Shea Homes LP 27,900,579 7 0.35%CA Towncentre Owner LLC 20,107,983 9 0.25%New Urban Comm Sciortino, LLC 19,775,100 10 0.25% Total $ 571,198,798 4.09% 355,692,581 $ 4.48%
Source: HdL Coren & Cone, Contra Costa County Assessor
City of Brentwood
Fiscal Year 2025 Fiscal Year 2016
(Unaudited)

CURRENT YEAR AND NINE YEARS AGO

PRINCIPAL PROPERTY TAXPAYERS
162
2024/25 Annual Comprehensive Financial Report

Schedule - 8
Fiscal Taxes Levied
Year Ended For The Percentage
June 30 Fiscal Year (1) Amount of Levy
2016 $ 13,602,591 $ 13,602,591 100.00%
2017 14,968,042 14,968,042 100.00%2018 15,929,680 15,929,680 100.00%2019 14,936,950 14,936,950 100.00%2020 15,911,518 15,911,518 100.00%2021 16,754,167 16,754,167 100.00%2022 17,662,589 17,662,589 100.00%2023 19,631,984 19,631,984 100.00%2024 20,169,793 20,169,793 100.00%2025 20,875,449 20,875,449 100.00% Source: Contra Costa County Auditor/Controller
City of Brentwood
Fiscal Year of the Levy (2)
Collected Within the
(1) General property taxes are calculated at 1% of total assessed value less local exemptions (Unaudited)
insufficient to pay the outstanding amounts due.A tax loss reserve fund insures losses resulting when a property is sold for taxes and the proceeds are levied are apportioned to agencies regardless of whether they are collected in the current year or not.

LAST TEN TAX YEARS

PROPERTY TAX LEVIES AND COLLECTIONS
The City's portion is determined by the individual tax rate areas in the City. (2) Tax assessments collected are the same as the amount levied, because Contra Costa County follows California's alternate method of apportionment (the Teeter Plan). Under the Teeter Plan, all amounts 163
2024/25 Annual Comprehensive Financial Report

Schedule - 9
2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Apparel Stores 53,502 $ 57,143 $ 57,848 $ 60,142 $ 58,902 $ 41,813 $ 65,032 $ 69,850 $ 74,934 $ 76,147 $ Food Stores 50,251 50,026 51,721 53,567 55,623 62,983 61,863 64,742 67,012 66,606 Eating and Drinking Establishments 112,715 120,253 131,119 139,144 142,487 124,035 167,381 186,953 211,816 221,967 Building Materials 72,414 80,502 95,994 95,259 95,389 115,145 127,550 125,460 115,407 110,349 Auto Dealers and Supplies 68,267 76,852 86,794 98,184 98,979 97,078 107,185 104,161 103,494 104,457 Service Stations 94,021 90,449 105,328 124,856 121,639 89,535 119,788 156,214 144,495 144,338 Other Retail Stores 143,394 152,268 158,470 145,530 119,609 110,041 119,856 119,617 119,545 112,977 All Other Outlets 159,019 168,056 188,438 193,540 214,049 268,807 314,686 322,834 318,265 324,646 Total $ 795,549 753,583 $ 875,712 $ 910,222 $ 906,677 $ 909,437 $ 1,083,341 $ 1,149,831 $ 1,154,968 $ 1,161,487 $ City Direct Sales Tax Rate 1.00% 1.00% 1.00% 1.00% 1.00% 1.00% 1.00% 1.00% 1.00% 1.00% Source: State of California Board of Equalization and HdL Coren & ConeNote: 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.

City of Brentwood

TAXABLE SALES BY CATEGORY

LAST TEN CALENDAR YEARS
(In Thousands of Dollars)
(Unaudited)
164
2024/25 Annual Comprehensive Financial Report

Schedule - 10
City Contra
Fiscal Direct Costa
Year Rate County State Total
2016 1.00% 1.00% 6.50% 8.50%2017 1.00% 1.00% 6.25% (1) 8.25% 2018 1.00% 1.00% 6.25% 8.25%2019 1.00% 1.00% 6.25% 8.25%2020 1.00% 1.00% 6.25% 8.25%2021 1.00% 1.50% (2) 6.25% 8.75% 2022 1.00% 1.50% 6.25% 8.75%
2023 1.00% 1.50% 6.25% 8.75%
2024 1.00% 1.50% 6.25% 8.75%
2025 1.00% 1.50% 6.25% 8.75%
Source: California Department of Tax and Fee AdministrationNote: The City's sales tax rate may be changed only with approval of the State Legislature.

City of Brentwood
(2) On April 1, 2021 the County rate was increased by 0.50%. The increase will expire March 31, 2041.(1) On January 1, 2013 the State rate was increased by 0.25%. The increase expired January 1, 2017. (Unaudited)

LAST TEN FISCAL YEARS

DIRECT AND OVERLAPPING SALES TAX RATES
165
2024/25 Annual Comprehensive Financial Report

Schedule - 11
Tax Remitter (1) Business Category Tax Remitter (1) Business Category 7 Eleven Service Stations Ace Hardware Building MaterialsAce Hardware Building Materials Arco AM PM Service StationsAmerica's Tire Automotive Supply Stores AT&T Mobility Electronics/Appliance Stores Arco AM PM Service Stations Best Buy Electronics/Appliance Stores Arco AM PM Service Stations Big B Lumber Building MaterialsBill Brandt Ford New Motor Vehicle Dealers Bill Brandt Ford New Motor Vehicle DealersBJ's Restaurant & Brewhouse Casual Dining BJ's Restaurant & Brewhouse Casual Dining Brentwood Ready Mix Contractors Brentwood Ready Mix Contractors Chevron Service Stations Chevron Service Stations
Chipotle Quick-Service Restaurants Circle K Gas Service Stations Home Depot Building Materials Dallas Shanks Chevron Services Service Stations Home Goods Home Furnishings Home Depot Building Materials In N Out Burger Quick-Service Restaurants Home Goods Home FurnishingsKohls Department Stores Kohls Department StoresMarshalls Family Apparel Los Primos Auto Plaza Used Automotive DealersPower Market Service Stations Quik Stop Service Stations Ross Family Apparel Ross Family Apparel
Rotten Robbie Service Stations Safeway Grocery StoresSafeway Grocery Stores TJ Maxx Family Apparel Sportsman's Warehouse Southwest Sporting Goods/Bike Stores Tower Mart Service StationsSunset Arco AM PM Service Stations Ulta Beauty Specialty Stores TJ Maxx Family Apparel Verizon Wireless Electronics/Appliance StoresUlta Beauty Specialty Stores Vintners Shell Stations Service StationsWalgreens Drug Stores Walgreens Drug StoresWinco Foods Grocery Stores Winco Foods Grocery Stores Source: HdL Coren & ConePeriod: January - December(1) Firms listed alphabetically because taxable sales figures for individual businesses are confidential and cannot legally be disclosed. (Unaudited)

CURRENT CALENDAR YEAR AND NINE YEARS AGO
TOP 25 SALES TAX PRODUCERS
City of Brentwood
Percent of Calendar Year Total Paid by Top 25 Accounts = 46.03% Percent of Calendar Year Total Paid by Top 25 Accounts = 48.04% 2024 2015
166
2024/25 Annual Comprehensive Financial Report

Schedule - 12
2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Type of Customer Residential 5,556,876 $ 7,604,905 $ 10,168,782 $ 10,186,331 $ 12,073,185 $ 13,708,235 $ 12,468,504 $ 11,337,784 $ 12,319,456 $ 14,268,300 $ Commercial 1,156,292 1,563,242 1,914,185 2,171,794 2,341,862 2,527,881 2,625,873 2,598,722 3,155,938 3,514,111 Industrial 429,897 467,446 526,072 643,601 720,373 824,694 818,864 813,942 567,487 745,226 Government 726,120 933,648 1,161,546 1,318,552 1,518,578 1,741,075 1,666,928 1,405,072 1,664,415 1,916,450 Total $ 10,569,241 7,869,185 $ 13,770,585 $ 14,320,278 $ 16,653,998 $ 18,801,885 $ 17,580,169 $ 16,155,520 $ 17,707,295 $ 20,444,087 $ Source: City of Brentwood Finance and Information Systems Department, Utility Billing(1) Billing period from July 1 to June 30.

City of Brentwood
WATER USE REVENUE BY CUSTOMER TYPE (1)

LAST TEN FISCAL YEARS
(Unaudited)
167
2024/25 Annual Comprehensive Financial Report

Schedule - 13
2016 2017 (1) 2018 2019 2020 2021 2022 2023 2024 2025
Monthly Base Rate
5/8" or 3/4" meter $ 21.61 20.85 $ 23.56 $ 24.03 $ 24.88 $ 25.76 $ 26.67 $ 27.61 $ 28.16 $ 30.00 $ l" meter 29.83 31.27 32.52 34.00 35.19 36.43 37.71 39.03 41.24 43.93 1 l/2" meter 50.39 62.55 54.93 58.90 60.97 63.11 65.32 67.61 73.91 78.72 2" meter 75.07 104.25 81.83 88.79 91.90 95.12 98.45 101.90 113.13 120.49 3" meter 153.21 187.65 167.00 183.44 189.87 196.52 203.40 210.52 237.31 252.74 4" meter 268.36 271.05 292.65 322.91 292.65 293.65 294.65 295.65 420.31 447.64 6" meter 543.89 562.96 592.85 656.65 679.64 703.43 728.06 753.55 858.20 913.99 Consumption Charge (per 1,000 gallons = 1 unit)Residential Tiers Tier 1: Units 1-10 $ 3.27
Tier 1: Units 1-5 $ 2.72 2.49 $ 2.84 $ 2.94 $ 3.05 $ 3.16 $ 3.28 $ 3.18 $ 3.39 $ Tier 2: Units 11-20 3.89 Tier 2: Units 6-14 5.41 4.96 5.48 5.68 5.88 6.09 6.31 6.60 7.03 Tier 3: Units 21-30 4.66 Tier 3: Units 15-20 6.47 5.93 6.43 6.66 6.90 7.15 7.41 8.33 8.88 Tier 4: Units 31+ 5.43 Tier 4: Units 21+ 7.11 6.52 6.64 6.88 7.13 7.38 7.64 8.43 8.98 Non Residential Tiers
Tier 1: Units 1-10 $ 3.27
Tier 1: Units 1-5 $ 2.52 2.31 $ 2.93 $ 3.04 $ 3.15 $ 3.27 $ 3.39 $ 3.20 $ 3.41 $ Tier 2: Units 11+ 3.89 Tier 2: Units 6+ 5.02 4.60 5.97 6.18 6.40 6.63 6.87 7.98 8.50 Non Potable
Tier 1: Units 1+ $ 1.31 1.20 $ 1.43 $ 1.43 $ 1.47 $ 1.51 $ 1.56 $ 1.60 $ 1.08 $ 1.19 $ Hydrant Potable
Tier 1: Units 1+ $ 6.04 3.86 $ 6.59 $ 8.72 $ 9.03 $ 9.35 $ 9.68 $ 10.02 $ 8.91 $ 9.49 $ (1) On April 12, 2016 City Council adopted Ordinance No. 969 accepting and approving a water rate study and adopting revised monthly user charges for water service which revised the existing tier structure by reducing the number of units of consumption for each tier as well as revising the unit rates. Monthly base rate and consumption charge increases, averaging 9% for each increase, became effective June 1, 2016 and July 1, 2017. Source: City of Brentwood Finance and Information Systems Department, Utility Billing City of Brentwood

WATER RATES

LAST TEN FISCAL YEARS
(Unaudited)
168
2024/25 Annual Comprehensive Financial Report

Schedule - 14
2002 General 2012 CIP 2009 Civic Center 2019 Civic Center Capital Improvement Fiscal Obligation Revenue Refunding Project Lease 2015 Lease Project Lease Revenue Revenue Refunding Notes Subscription Year Bonds Bonds Revenue Bonds Financing Refunding Bonds Bonds 2021 A & B Payable Liability 2016 6,324,752 $ 21,521,734 $ 45,125,826 $ 11,515,000 $ - $ - $ 14,598,135 $ - $ 2017 6,212,789 20,533,414 44,041,520 11,180,000 - - 13,382,317 - 2018 6,074,688 19,505,094 42,912,215 10,745,000 - - 12,087,905 - 2019 5,905,231 18,421,774 - 10,295,000 37,445,821 - 10,711,406 - 2020 5,702,259 17,288,454 - 9,830,000 36,006,496 - 9,250,623 - 2021 5,458,672 16,095,135 - 9,350,000 34,522,171 - 7,701,704 - 2022 5,176,715 - - 8,855,000 32,982,846 14,450,491 6,063,014 - 2023 4,521,341 - - 7,835,000 29,804,198 11,381,161 2,599,414 - 2024 4,472,464 - - 7,820,000 29,739,197 11,366,927 2,504,276 885,208 2025 - 4,039,519 - 7,275,000 28,014,872 9,809,036 824,328 912,884 2008 Water 2014 Water 2024 Water State Water State Water State Water Total Fiscal Revenue Revenue Revenue Resources Loan Resources Loan Resources Loan Primary Percentage of Per Year Bonds Bonds Bonds (Wastewater) (WWTP Expansion Ph. II) (Recycled Water) Government Personal Income (1) Capita (1) 2016 $ 2,845,000 $ 48,356,034 $ - $ 14,875,763 $ - $ - $ 161,426,837 8.95% $ 2,828 2017 1,460,000 48,103,942 - 12,862,991 - - 153,751,835 8.02% 2,616 2018 - 46,301,849 - 10,813,886 - - 148,440,637 7.45% 2,431 2019 - 44,439,757 - 8,727,793 - 6,566,758 142,513,540 6.64% 2,239 2020 - 42,497,664 - 6,604,044 - 8,452,399 135,631,939 5.73% 2,083 2021 - 40,470,572 - 4,441,959 11,264,302 10,757,225 140,061,740 5.37% 2,1192022 - 38,358,479 - 2,240,846 25,797,267 13,586,322 147,510,980 5.53% 2,2972023 - 36,156,387 - - 40,700,429 14,389,629 147,387,559 5.65% 2,230 2024 - 33,854,294 - - 47,684,388 13,959,450 152,286,204 5.71% 2,367 2025 - - 28,631,661 - 53,319,294 13,524,970 146,351,564 4.05% 2,226 Note: Details regarding the City's outstanding debt can be found in Note #6.(1) See Schedule - 19 for personal income and population data.

Business-Type Activities
Governmental Activities
City of Brentwood

RATIOS OF OUTSTANDING DEBT BY TYPE

LAST TEN FISCAL YEARS
(Unaudited)
169
2024/25 Annual Comprehensive Financial Report

Schedule - 15
Percentage of
2002 General Less: Amounts Actual Taxable
Fiscal Obligation Restricted in the Net Value of Per
Year Bonds Debt Service Fund Total Debt Property Capita 2016 6,324,752 $ 78,247 $ 6,246,505 $ 0.08% 109 $ 2017 6,212,789 85,979 6,126,810 0.07% 104 2018 6,074,688 79,768 5,994,920 0.07% 98
2019 5,905,231 98,578 5,806,653 0.06% 912020 5,702,259 92,013 5,610,246 0.06% 862021 5,458,672 71,043 5,387,629 0.05% 822022 5,176,715 60,823 5,115,892 0.04% 802023 4,521,341 75,038 4,446,303 0.04% 702024 4,472,464 72,644 4,399,820 0.03% 682025 4,039,519 58,380 3,981,139 0.03% 61 Source: City of Brentwood Finance and Information Systems DepartmentNote: Details regarding the City's outstanding debt can be found in Note #6. (Unaudited)

LAST TEN FISCAL YEARS

RATIOS OF GENERAL BONDED DEBT OUTSTANDING
City of Brentwood
170
2024/25 Annual Comprehensive Financial Report

2024/25 Assessed Valuation $ 14,338,974,730
Redevelopment Incremental Valuation 1,563,237,638Adjusted Assessed Valuation $ 12,775,737,092 Total Percentage City's Share of
Debt 6/30/25 Applicable(1) Debt 6/30/25
DIRECT AND OVERLAPPING TAX AND ASSESSMENT DEBT:

Bay Area Rapid Transit $ 1.348% 32,234,185 2,391,260,000 $ Contra Costa Community College District 5.071% 30,013,981 591,875,000 Liberty Union High School District 50.831% 64,496,914 126,885,000Brentwood Union School District 91.242% 97,047,523 106,362,775Oakley Union School District 0.001% 346 34,550,000 City of Brentwood 4,039,519 (2) 100.000% 4,039,519
City of Brentwood Community Facilities Districts 14,122,105 100.000% 14,122,105 City of Brentwood 1915 Act Bonds 75,605,391 100.000% 75,605,391California Statewide Communities Development Authority Assessment Districts 31,416,109 100.000% 31,416,109 East Bay Regional Park District 145,930,000 2.103% 3,068,908 $ 3,522,045,899 $ 352,044,981
DIRECT AND OVERLAPPING GENERAL FUND OBLIGATION DEBT:

Contra Costa County General Fund Obligations $ 150,845,000 5.055% $ 7,625,215 Contra Costa Mosquito District General Fund Obligation 8,050,000 5.055% 406,928 City of Brentwood General Fund Obligations 31,801,131 100.000% 31,801,131 $ 190,696,131 $ 39,833,274
1,750,791
$ 38,082,483
OVERLAPPING TAX INCREMENT DEBT (SUCCESSOR AGENCY) $ 16,801,315 100.000% $ 16,801,315 $ 49,962,755
$ 358,716,815$ 356,966,024$ 408,679,570 (3)
$ 406,928,779
Ratios to Adjusted Assessed Valuation:

Total Direct Debt ($49,962,755) ………….…..….….…………………. 0.39% Gross Combined Total Debt …….………………………………...……….. 3.20%Net Combined Total Debt ……………………………………….……………. 3.19% Source: California Municipal Statistics, Inc.
(2) Includes $6,044,542 accreted value.(3) Excludes tax and revenue anticipation notes, enterprise revenue, mortgage revenue, tax allocation bonds and non-bonded lease obligations.

Schedule - 16
City of Brentwood
(Unaudited)
As of June 30, 2025

DIRECT AND OVERLAPPING GOVERNMENTAL ACTIVITIES DEBT

TOTAL DIRECT AND OVERLAPPING TAX AND ASSESSMENT DEBT

GROSS COMBINED TOTAL DEBT NET COMBINED TOTAL DEBT
(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.

GROSS DIRECT AND OVERLAPPING GENERAL FUND DEBT Less: Contra Costa Obligations Supported From Revenue Funds NET DIRECT AND OVERLAPPING GENERAL FUND DEBT

TOTAL DIRECT DEBT

TOTAL GROSS OVERLAPPING DEBT TOTAL NET OVERLAPPING DEBT 171
2024/25 Annual Comprehensive Financial Report

Schedule - 17
2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Debt Limit 296,927,556 $ 321,001,823 $ 348,217,135 $ 373,857,345 $ 399,049,475 $ 422,045,834 $ 441,811,875 $ 482,604,431 $ 516,898,516 $ 537,711,552 $ Total Net Debt Applicable to Limit 6,246,505 6,126,810 5,994,920 5,806,653 5,610,246 5,387,629 5,115,892 4,446,303 4,399,820 3,981,139 Legal Debt Margin $ 314,875,013 290,681,051 $ 342,222,215 $ 368,050,692 $ 393,439,229 $ 416,658,205 $ 436,695,983 $ 478,158,128 $ 512,498,696 $ 533,730,413 $ Total Net Debt Applicable to the Limitas a Percentage of Debt Limit 2.10% 1.91% 1.72% 1.55% 1.41% 1.28% 1.16% 0.92% 0.85% 0.74% Legal Debt Margin Calculation for Fiscal Year 2025
Assessed Value (1) $ 14,338,974,730
Debt Limit (3.75% of Assessed Value) (2) 537,711,552
Debt Applicable to Limit: General Obligation Bonds 3,981,139 Total Net Debt Applicable to Limit 3,981,139Legal Debt Margin $ 533,730,413 Source: Contra Costa County Assessor
(1) Contra Costa County Auditor/Controller(2) State of California Government Code 25 and 43605 City of Brentwood

LEGAL DEBT MARGIN INFORMATION

LAST TEN FISCAL YEARS
(Unaudited)
172
2024/25 Annual Comprehensive Financial Report

Schedule - 18
Adjusted Annual Less: Adjusted Annual
Fiscal Water Operating Net Water
Year Revenues Expenses Revenues Principal Interest Coverage 2016 (1) $ (13,999,154) 21,206,265 $ 7,207,111 $ 1,320,000 $ 2,192,225 $ 2.05 2017 (1) (15,531,834) 20,999,938 5,468,104 1,385,000 2,126,225 1.562018 (2) (16,640,999) 25,157,794 8,516,795 3,010,000 2,050,050 1.682019 26,041,257 (17,679,262) 8,361,995 1,610,000 1,904,100 2.382020 29,004,863 (18,272,183) 10,732,680 1,690,000 1,823,600 3.052021 30,932,101 (20,226,777) 10,705,324 1,775,000 1,739,100 3.052022 30,456,717 (18,728,462) 11,728,255 1,860,000 1,650,350 3.342023 27,436,132 (20,672,231) 6,763,901 1,950,000 1,557,350 1.932024 (3) (20,749,711) 31,948,084 11,198,373 2,050,000 1,459,850 3.192025 (3), (4) (24,268,814) 35,418,723 11,149,909 2,270,000 951,115 3.46 Source: City of Brentwood Finance and Information Systems DepartmentNote: Details regarding the City's outstanding debt can be found in Note #6. Water revenues include operating revenues, interest income and developer impact fees. Operating expenses do not include depreciation or amortization expenses.(1) Adjusted Annual Net Water Revenues is defined as Water income and revenue less maintenance and operation costs adjusted by any transfers to or from the Rate Stabilization Fund. In FY 2015/16 and FY 2016/17, $893,839 and $982,000 was transferred, respectively, from the Rate Stabilization Fund to meet the bond covenant debt coverage requirements. (2) The final payment on the unrefunded portion of the Water Revenue Bonds, Series 2008 was made in FY 2017/18. (3) Excludes Non-Cash adjustments related to GASB requirements.(4) The Water Revenue Refunding Bonds, Series 2024 were issued in October 2024 to refund the outstanding Water Revenue Refunding Bonds Series 2014; therefore, FY 2024/25 is the first reportable year and both bonds' debt service obligations are included. The obligation of the City to make such payments is a special obligation of the City payable solely from Adjusted Annual Net Water Revenues. (Unaudited)

LAST TEN FISCAL YEARS

PLEDGED REVENUE COVERAGE
City of Brentwood
Debt Service
Water Revenue Refunding Bonds, Series 2014 and Water Revenue Refunding Bonds, Series 2024 173
2024/25 Annual Comprehensive Financial Report

Schedule - 19
Calendar
Year Population (1)
Personal Income
(In Thousands) (2)
Per Capita
Personal Income Median Age (3)
School
Enrollment
Unemployment
Rate
2015 57,072 $ 1,803,371 $ 31,150 36.9 16,923 4.9%
2016 58,784 1,917,154 31,598 37.7 17,116 3.7%
2017 61,055 1,993,057 32,614 38.3 17,268 3.7%
2018 63,662 2,145,046 33,694 38.8 17,501 3.4%
2019 65,118 2,365,716 36,330 39.8 17,594 3.3%
2020 66,097 2,610,054 39,488 40.0 17,245 9.0%
2021 64,342 2,665,452 41,426 40.9 17,424 6.3%
2022 64,513 3,095,432 47,981 40.5 17,668 3.8%
2023 64,811 3,457,713 53,350 40.7 17,992 4.4%
2024 65,747 3,613,409 54,959 40.5 18,277 4.7%
(1) As of January 1 of the subsequent year.(2) Based on last available Census and projected post census trends(3) Totaled from Census Block Groups that overlap City boundaries.

Sources: California Department of Finance
US Census BureauLiberty Union High School and Brentwood Union School DistrictsCA Employment Development Department Note: Income, Age and Economic Data is based on the most recent American Community Survey, US Census Bureau. (Unaudited)

LAST TEN CALENDAR YEARS

DEMOGRAPHIC AND ECONOMIC STATISTICS
City of Brentwood
174
2024/25 Annual Comprehensive Financial Report

Schedule - 20
Percent of Percent of
Total City Total City
Employer No. Employees Rank Employment No. Employees Rank EmploymentBrentwood Union School District 1,020 1 5.55% 800-1,000 1 7.22%Liberty Union High School District 793 2 4.31% 800-1,000 1 7.22% City of Brentwood 515 3 2.80% 250-500 3 3.01%
Costco Wholesale 400 4 2.18%Safeway Stores (2 stores) 365 5 1.99% 250-500 3 3.01% Precision Cabinets 256 6 1.39% 100-250 3 1.40%
Thorpe Design, Inc. (fire sprinklers) 185 7 1.01%
Winco Foods, Inc. 168 8 0.91% 100-250 6 1.40%
The Home Depot 147 9 0.80% 100-250 6 1.40%
Merril Gardens at Brentwood 133 10 0.72%Rodda Electric 130 11 0.71% Golden State Orthopedic and Spine 95 12 0.52%Kohl's 90 13 0.49% 100-250 6 1.40% BJ's Restaurant & Brewhouse 92 14 0.50% 100-250 6 1.40%John Muir Health 96 15 0.52% 100-250 6 1.40%Save Market Supermarket (Food Maxx) 59 16 0.32%Bill Brandt Ford 80 17 0.44%Town & Country's Roofing 73 18 0.40% 100-250 6 1.40% Black Angus 68 19 0.37%Raley's Supermarket 64 20 0.35% 100-250 6 1.40% Red Robin Gourmet Burgers 61 21 0.33%Brentwood Ace Hardware 68 22 0.37%Sprouts Farmers Market 69 23 0.38%Walgreen Co. 100-250 6 1.40% Best Buy 100-250 6 1.40%
Ellison Framing Inc. 100-250 6 1.40%
Delta Valley Athletic Club 100-250 6 1.40%
Total Top 20 Employer Count 4,462
Total City Employment 16,837
Sources: City of Brentwood Economic Development Division, Esri Business Analyst, East Bay Economic Development Alliance (Unaudited)

CURRENT YEAR AND NINE YEARS AGO

PRINCIPAL EMPLOYERS
City of Brentwood
2025 2016
175
2024/25 Annual Comprehensive Financial Report

Schedule - 21
2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Function/Program
General Government 34 35 35 37 37 37 38 42 42 44
Public Safety 85 95 95 95 106 106 107 107 107 107
Community Development 19 19 22 23 23 23 25 26 26 27Engineering 14 14 14 14 14 13 13 14 14 14Public Works 23 23 26 26 26 27 27 27 27 26Parks and Recreation 24 25 25 26 27 27 27 29 29 30 Wastewater 19 18 20 24 24 24 25 25 25 30
Solid Waste 26 27 27 28 29 29 29 30 30 32
Water 26 26 27 27 28 29 29 29 29 29
Housing 2 2 2 2 2 2 2 2 2 2
Total (1) 284 273 293 302 316 316 321 330 330 341
(1) Amounts by Function/Program are rounded. Rounding differences may result.

Source: City of Brentwood Finance and Information Systems Department City of Brentwood

AUTHORIZED FULL-TIME EQUIVALENT CITY GOVERNMENT EMPLOYEES

BY FUNCTION/PROGRAM

LAST TEN FISCAL YEARS
(Unaudited)
176
2024/25 Annual Comprehensive Financial Report

Schedule - 22
Function/Program 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025General Government Single-Family Dwelling Permits Issued 519 541 411 352 274 241 326 76 57 51 Accounts Payable Invoices Processed 13,364 13,625 12,463 12,222 12,044 10,624 11,536 12,124 12,170 12,333 Purchase Orders Issued 269 279 264 244 354 360 409 436 406 524 Checks Issued 15,764 15,844 15,133 14,753 14,129 13,593 14,959 16,109 16,262 15,882 Public Works
Debris Collected (tons) 1,756 1,687 1,568 1,880 2,032 1,798 1,855 1,817 1,734 1,555 Streetlights Maintenance Requests 410 424 293 422 415 336 518 447 636 530 Police
Physical Arrests (est.) 1,648 1,626 1,629 1,596 1,226 1,023 1,062 1,169 1,480 1,531 Calls for Service (est.) 40,661 44,417 50,300 51,777 51,867 46,042 48,744 49,990 50,253 53,599 Case Files Taken (est.) 5,925 6,335 6,396 6,217 5,870 5,891 6,189 6,028 5,842 5,856 Parks and Recreation
Total Programs Offered (est.) 852 891 962 993 993 1,069 1,329 1,891 1,939 1,940 Refuse Collection
Refuse Collected (tons per day) 102 110 114 119 114 118 125 127 121 121 Yard Waste (tons per day) 35 38 37 40 42 41 39 40 43 37 Recyclables Collected (tons per day) 25 26 25 30 29 30 30 31 29 29 Residential Services 17,802 18,310 18,806 19,329 19,884 20,285 20,533 20,634 20,555 20,850 Commercial Services 487 499 508 497 507 516 532 524 518 525 Water
New Connections 475 527 470 353 304 321 223 182 131 90
Average Daily Consumption (millions of gallons) 7 8 9 9 10 11 10 9 9 11 Peak Daily Consumption (millions of gallons) 18 16 20 19 19 18 17 16 17 16 Number of Utility Customers 18,785 19,385 19,736 20,285 20,628 20,964 21,210 21,607 21,543 21,906 Wastewater
New Connections 480 529 471 356 307 323 222 185 131 90
Average Daily Sewage Treatment (millions of gallons) 3 4 4 3 4 4 4 4 4 4 Source: Various City Departments
City of Brentwood

OPERATING INDICATORS BY FUNCTION/PROGRAM

LAST TEN FISCAL YEARS
(Unaudited)
177
2024/25 Annual Comprehensive Financial Report

Schedule - 23
2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Parks and Recreation
Developed Park Acreage 231 234 253 237 240 240 243 245 245 247 Play Areas 52 56 61 61 65 67 68 70 70 70
Multi-Use Trails (miles) 18 19 19 19 19 19 19 20 20 19
Multi-Use Ball and Soccer Fields 19 19 20 20 20 20 20 20 20 20 Picnic Tables 311 331 351 353 364 374 378 379 380 380
Refuse Collection
Collection Trucks 16 17 17 18 19 19 19 21 22 23
Water
Water Mains (miles) 287 324 302 345 347 348 352 354 356 358 Fire Hydrants 2,719 2,841 2,901 2,990 3,013 3,019 3,053 3,064 3,091 3,116 Number of Wells 7 7 7 7 7 6 6 6 6 6
Number of Reservoirs 6 6 6 6 6 6 6 6 6 6
Storage Capacity (millions of gallons) 19 19 19 19 19 19 19 19 19 19 Wastewater
Sanitary Sewers (miles) 226 235 237 242 243 244 247 249 250 251 Lift Stations 2 2 2 3 3 3 3 3 3 3
Other Public Works
Streets (miles) 192 192 192 192 192 192 192 192 192 226 Street Lights 6,691 6,693 7,403 7,592 7,645 7,740 7,740 7,741 7,411 (1) 7,463 Source: Various City Departments
(1) Data updated to only report street lights maintained by the City City of Brentwood

CAPITAL ASSET STATISTICS BY FUNCTION/PROGRAM

LAST TEN FISCAL YEARS
(Unaudited)
178
2024/25 Annual Comprehensive Financial Report

Schedule - 24
Date of Incorporation: January 21, 1948
Number of Wells 6
Forms of Government: General Law Number of Reservoirs 6 Council-Manager Storage Capacity (millions of gallons) 19 Average Daily Consumption (millions of gallons) 10.71
Fiscal Year Begins: July 1 Peak Daily Consumption (millions of gallons) 16.33 Number of Connections 21,188
Area of City: 14.83 Sq. Miles
Population as of January 2024: 65,747 Number of Residential Services 20,850 Number of Commercial Services 525
Number of Full-time
Equivalent Positions Developed Park Area (in acres) 247.32 2025 341 Aquatic Complex 7.5 acres
2024 330 Skate Park 0.5 acres
2023 330 Play Areas 70
2022 321 Sunset Park Athletic Complex 38 acres
2021 316 Veterans Park 10.5 acres
2020 316
2019 302
2018 293 BBQ Areas 34
2017 284 Basketball Courts 15
2016 273 Bocce Ball Courts 8
Gazebos 3
Horseshoe Courts 2
Multi-Use Ball and Soccer Fields 20
Elementary 9 Multi-Use Trails (miles) 19
Intermediate 3 Pickleball Courts 4
High School 2 Picnic Tables 380
Alternative High Schools 2 Restrooms (Permanent) 9
Tennis Courts 2
Volleyball Courts 3
Miles of Streets 226
Miles of Sanitary Sewers 251 Sworn Officers (budgeted positions) 72 Miles of Water Mains 358 Vehicles 43
Number of Street Lights (1) 7,463 Motorcycles 5
Sanitary Lift Stations 3 CCCFPD Stations Open in Brentwood 1 Number of Connections 21,686 CCCFPD Firefighters Assigned to Brentwood 21 Average Daily Flow (millions of gallons) 4.33 CCCFPD Stations 37 CCCFPD Firefighters 402
Source: Various City Departments, School/Fire Districts and State Department of Finance (1) Data updated to only report street lights maintained by the City Municipal Wastewater System
Fire Protection
City of Brentwood
Public Schools
Miles of Streets
General Information
(Unaudited)
Municipal Solid Waste
Parks and Recreation
Parks Facilities
Municipal Water System
Police Protection
Contra Costa County Fire Protection District (CCCFPD)
Year-End
179
2024/25 Annual Comprehensive Financial Report

INDEPENDENT AUDITOR’S REPORT ON

INTERNAL CONTROL OVER FINANCIAL REPORTING

AND ON COMPLIANCE AND OTHER MATTERS BASED ON AN

AUDIT OF FINANCIAL STATEMENTS PERFORMED IN ACCORDANCE

WITH GOVERNMENT AUDITING STANDARDS
To the Honorable Members of the City Council
City of Brentwood, California
We have audited, in accordance with the auditing standards generally accepted in the United States of America and the standards applicable to financial audits contained in Government Auditing Standards issued by the Comptroller General of the United States, the basic financial statements of the City of Brentwood, California, as of and for the year ended June 30, 2025, and have issued our report thereon dated November 21, 2025.

Report on Internal Control over Financial Reporting
In planning and performing our audit of the financial statements, we considered the City’s internal control over financial reporting (internal control) as a basis for designing audit procedures that are appropriate in the circumstances for the purpose of expressing our opinions on the financial statements, but not for the purpose of expressing an opinion on the effectiveness of the City’s internal control. Accordingly, we do not express an opinion on the effectiveness of the City’s internal control.

A deficiency in internal control exists when the design or operation of a control does not allow management or employees, in the normal course of performing their assigned functions, to prevent, or detect and correct, misstatements on a timely basis. A material weakness is a deficiency, or a combination of deficiencies, in internal control, such that there is a reasonable possibility that a material misstatement of the 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.

Our consideration of internal control was for the limited purpose described in the first paragraph of this section and was not designed to identify all deficiencies in internal control that might be material weaknesses or significant deficiencies. Given these limitations, during our audit we did not identify any deficiencies in internal control that we consider to be material weaknesses. However, material weaknesses or significant deficiencies may exist that have not been identified. 180

Report on Compliance and Other Matters
As part of obtaining reasonable assurance about whether the City’s financial statements are free from material misstatement, we performed tests of its compliance with certain provisions of laws, regulations, contracts, and grant agreements, noncompliance with which could have a direct and material effect on the financial statements. However, providing an opinion on compliance with those provisions was not an objective of our audit, and accordingly, we do not express such an opinion. The results of our tests disclosed no instances of noncompliance that are required to be reported under Government Auditing Standards.

We have also issued a separate Memorandum on Internal Control dated November 21, 2025, which is an integral part of our audit and should be read in conjunction with this report.

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.

Pleasant Hill, California
November 21, 2025
181

CITY OF BRENTWOOD
150 CITY PARK WAY | BRENTWOOD, CA 94513
WWW.BRENTWOODCA.GOV Page 540 of 625

CITY OF BRENTWOOD

MEMORANDUM ON INTERNAL CONTROL

FOR THE YEAR ENDED
JUNE 30, 2025

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CITY OF BRENTWOOD

MEMORANDUM ON INTERNAL CONTROL
For the Year Ended June 30, 2025
Table of Contents
Page
Memorandum on Internal Control .............................................................................................................. 1 Schedule of Other Matters ................................................................................................................. 3

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MEMORANDUM ON INTERNAL CONTROL
To the City Council of
the City of Brentwood, California
In planning and performing our audit of the basic financial statements of the City of Brentwood, California, as of and for the year ended June 30, 2025, in accordance with auditing standards generally accepted in the United States of America, we considered the City’s internal control over financial reporting (internal control) as a basis for designing our auditing 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.

Our consideration of internal control was for the limited purpose described in the first paragraph and was not designed to identify all deficiencies in internal control that might be material weaknesses. In addition, because of inherent limitations in internal control, including the possibility of management override of controls, misstatements due to error or fraud may occur and not be detected by such controls. Given these limitations, during our audit, we did not identify any deficiencies in internal control that we consider to be material weaknesses. However, material weaknesses may exist that have not been identified.

Included in the Schedule of Other Matters are recommendations not meeting the above definitions that we believe are opportunities for strengthening internal controls and operating efficiency.

This communication is intended solely for the information and use of management, City Council, others within the organization, and agencies and pass-through entities requiring compliance with Government Auditing Standards, and is not intended to be and should not be used by anyone other than these specified parties.

Pleasant Hill, California
November 21, 2025
1

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CITY OF BRENTWOOD

MEMORANDUM ON INTERNAL CONTROL

SCHEDULE OF OTHER MATTERS

NEW GASB PRONOUNCEMENTS OR PRONOUNCEMENTS NOT YET EFFECTIVE The following comment represents new pronouncements taking affect in the next few years. We cite them here to keep you informed of developments:

EFFECTIVE FISCAL YEAR 2025/26:

GASB 103 – Financial Reporting Model Improvements
The objective of this Statement is to improve key components of the financial reporting model to enhance its effectiveness in providing information that is essential for decision making and assessing a government’s accountability. This Statement also addresses certain application issues.

Management’s Discussion and Analysis
This Statement continues the requirement that the basic financial statements be preceded by management’s discussion and analysis (MD&A), which is presented as required supplementary information (RSI). MD&A provides an objective and easily readable analysis of the government’s financial activities based on currently known facts, decisions, or conditions and presents comparisons between the current year and the prior year.

This Statement requires that the information presented in MD&A be limited to the related topics discussed in five sections: (1) Overview of the Financial Statements, (2) Financial Summary, (3) Detailed Analyses, (4) Significant Capital Asset and Long-Term Financing Activity, and (5) Currently Known Facts, Decisions, or Conditions. Furthermore, this Statement stresses that the detailed analyses should explain why balances and results of operations changed rather than simply presenting the amounts or percentages by which they changed. This Statement emphasizes that the analysis provided in MD&A should avoid unnecessary duplication by not repeating explanations that may be relevant to multiple sections and that “boilerplate” discussions should be avoided by presenting only the most relevant information, focused on the primary government. In addition, this Statement continues the requirement that information included in MD&A distinguish between that of the primary government and its discretely presented component units.

Unusual or Infrequent Items
This Statement describes unusual or infrequent items as transactions and other events that are either unusual in nature or infrequent in occurrence. Furthermore, governments are required to display the inflows and outflows related to each unusual or infrequent item separately as the last presented flow(s) of resources prior to the net change in resource flows in the government-wide, governmental fund, and proprietary fund statements of resource flows.

Presentation of the Proprietary Fund Statement of Revenues, Expenses, and Changes in Fund Net Position This Statement requires that the proprietary fund statement of revenues, expenses, and changes in fund net position continue to distinguish between operating and nonoperating revenues and expenses. Operating revenues and expenses are defined as revenues and expenses other than nonoperating revenues and expenses.

Nonoperating revenues and expenses are defined as (1) subsidies received and provided, (2) contributions to permanent and term endowments, (3) revenues and expenses related to financing, (4) resources from the disposal of capital assets and inventory, and (5) investment income and expenses. 3

CITY OF BRENTWOOD

MEMORANDUM ON INTERNAL CONTROL

SCHEDULE OF OTHER MATTERS
GASB 103 – Financial Reporting Model Improvements (Continued) In addition to the subtotals currently required in a proprietary fund statement of revenues, expenses, and changes in fund net position, this Statement requires that a subtotal for operating income (loss) and noncapital subsidies be presented before reporting other nonoperating revenues and expenses. Subsidies are defined as (1) resources received from another party or fund (a) for which the proprietary fund does not provide goods and services to the other party or fund and (b) that directly or indirectly keep the proprietary fund’s current or future fees and charges lower than they would be otherwise, (2) resources provided to another party or fund (a) for which the other party or fund does not provide goods and services to the proprietary fund and (b) that are recoverable through the proprietary fund’s current or future pricing policies, and (3) all other transfers.

Budgetary Comparison Information
This Statement requires governments to present budgetary comparison information using a single method of communication—RSI. Governments also are required to present (1) variances between original and final budget amounts and (2) variances between final budget and actual amounts. An explanation of significant variances is required to be presented in notes to RSI.

How the Changes in This Statement Will Improve Financial Reporting The requirements for MD&A will improve the quality of the analysis of changes from the prior year, which will enhance the relevance of that information. They also will provide clarity regarding what information should be presented in MD&A.

The requirements for the separate presentation of unusual or infrequent items will provide clarity regarding which items should be reported separately from other inflows and outflows of resources.

The definitions of operating revenues and expenses and of nonoperating revenues and expenses will replace accounting policies that vary from government to government, thereby improving comparability. The addition of a subtotal for operating income (loss) and noncapital subsidies will improve the relevance of information provided in the proprietary fund statement of revenues, expenses, and changes in fund net position.

The requirement for presentation of major component unit information will improve comparability.

The requirement that budgetary comparison information be presented as RSI will improve comparability, and the inclusion of the specified variances and the explanations of significant variances will provide more useful information for making decisions and assessing accountability. 4

CITY OF BRENTWOOD

MEMORANDUM ON INTERNAL CONTROL

SCHEDULE OF OTHER MATTERS
EFFECTIVE FISCAL YEAR 2026/27:

GASB 104 – Disclosure of Certain Capital Assets
State and local governments are required to provide detailed information about capital assets in notes to financial statements. GASB Statement No. 34, Basic Financial Statements—and Management’s Discussion and Analysis—for State and Local Governments, requires certain information regarding capital assets to be presented by major class. The objective of this Statement is to provide users of government financial statements with essential information about certain types of capital assets.

This Statement requires certain types of capital assets to be disclosed separately in the capital assets note disclosures required by Statement 34. Lease assets recognized in accordance with GASB Statement No. 87, Leases, and intangible right-to-use assets recognized in accordance with GASB Statement No. 94, PublicPrivate and Public-Public Partnerships and Availability Payment Arrangements, should be disclosed separately by major class of underlying asset in the capital assets note disclosures. Subscription assets recognized in accordance with GASB Statement No. 96, Subscription-Based Information Technology Arrangements, also should be separately disclosed. In addition, this Statement requires intangible assets other than those three types to be disclosed separately by major class.

This Statement also requires additional disclosures for capital assets held for sale. A capital asset is a capital asset held for sale if (a) the government has decided to pursue the sale of the capital asset and (b) it is probable that the sale will be finalized within one year of the financial statement date. Governments should consider relevant factors to evaluate the likelihood of the capital asset being sold within the established time frame. This Statement requires that capital assets held for sale be evaluated each reporting period.

Governments should disclose (1) the ending balance of capital assets held for sale, with separate disclosure for historical cost and accumulated depreciation by major class of asset, and (2) the carrying amount of debt for which the capital assets held for sale are pledged as collateral for each major class of asset.

How the Changes in This Statement Will Improve Financial Reporting The requirements of this Statement will improve financial reporting by providing users of financial statements with essential information about certain types of capital assets in order to make informed decisions and assess accountability. Additionally, the disclosure requirements will im-prove consistency and comparability between governments.
5

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CITY OF BRENTWOOD

REQUIRED COMMUNICATIONS

FOR THE YEAR ENDED
JUNE 30, 2025

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CITY OF BRENTWOOD

REQUIRED COMMUNICATIONS
For the Year Ended June 30, 2025
Table of Contents
Page
Required Communications ........................................................................................................................... 1 Significant Audit Matters ......................................................................................................................... 1 Qualitative Aspects of Accounting Practices ............................................................................. 1 Difficulties Encountered in Performing the Audit ..................................................................... 3 Corrected and Uncorrected Misstatements .................................................................................. 3 Disagreements with Management ................................................................................................ 3 Management Representations ........................................................................................................ 3 Management Consultations with Other Independent Accountants ............................................. 4 Other Audit Findings or Issues ...................................................................................................... 4 Other Matters ........................................................................................................................................ 4

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REQUIRED COMMUNICATIONS
To the City Council of
the City of Brentwood, California
We have audited the basic financial statements of the City of Brentwood for the year ended June 30, 2025.

Professional standards require that we provide you with information about our responsibilities under generally accepted auditing standards and Government Auditing Standards, as well as certain information related to the planned scope and timing of our audit. We have communicated such information orally during our discussion with the Mayor and Vice Mayor on May 14, 2025. Professional standards also require that we communicate to you the following information related to our audit.

Significant Audit Matters
Qualitative Aspects of Accounting Practices
Accounting Policies – Management is responsible for the selection and use of appropriate accounting policies. The significant accounting policies used by the City are described in Note 1 to the financial statements. No new accounting policies were adopted and the application of existing policies was not changed during the year, except as follows:

GASB 101 – Compensated Absences
The objective of this Statement is to better meet the information needs of financial statement users by updating the recognition and measurement guidance for compensated absences. That objective is achieved by aligning the recognition and measurement guidance under a unified model and by amending certain previously required disclosures.

This Statement requires that liabilities for compensated absences be recognized for (1) leave that has not been used and (2) leave that has been used but not yet paid in cash or settled through noncash means. A liability should be recognized for leave that has not been used if (a) the leave is attributable to services already rendered, (b) the leave accumulates, and (c) the leave is more likely than not to be used for time off or otherwise paid in cash or settled through noncash means. Leave is attributable to services already rendered when an employee has performed the services required to earn the leave.

Leave that accumulates is carried forward from the reporting period in which it is earned to a future reporting period during which it may be used for time off or otherwise paid or settled. In estimating the leave that is more likely than not to be used or otherwise paid or settled, a government should consider relevant factors such as employment policies related to compensated absences and historical information about the use or payment of compensated absences. However, leave that is more likely than not to be settled through conversion to defined benefit postemployment benefits should not be included in a liability for compensated absences.

This Statement requires that a liability for certain types of compensated absences—including parental leave, military leave, and jury duty leave—not be recognized until the leave commences.

This Statement also requires that a liability for specific types of compensated absences not be recognized until the leave is used.
1

This Statement also establishes guidance for measuring a liability for leave that has not been used, generally using an employee’s pay rate as of the date of the financial statements. A liability for leave that has been used but not yet paid or settled should be measured at the amount of the cash payment or noncash settlement to be made. Certain salary-related payments that are directly and incrementally associated with payments for leave also should be included in the measurement of the liabilities.

The pronouncement became effective and, as disclosed in Note 15 to the financial statements, required a prior period restatement for the cumulative effect on the financial statements.

The following pronouncement became effective, but did not have a material effect on the financial statements:

GASB 102 – Certain Risk Disclosures
Unusual Transactions, Controversial or Emerging Areas – We noted no transactions entered into by the City during the year for which there is a lack of authoritative guidance or consensus. All significant transactions have been recognized in the financial statements in the proper period.

Accounting Estimates – Accounting estimates are an integral part of the financial statements prepared by management and are based on management’s 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 significantly from those expected. The most sensitive estimates affecting the City’s financial statements were:

Estimated Fair Value of Investments: As of June 30, 2025, the City held approximately $376.5 million of cash and investments as measured by fair value as disclosed in Note 3 to the Financial Statements. Fair value is essentially market pricing in effect as of June 30, 2025. These fair values are not required to be adjusted for changes in general market conditions occurring subsequent to June 30, 2025.

Estimated Net OPEB Liability and OPEB-Related Deferred Outflows and Inflows of Resources:

Management’s estimate of the net OPEB liability and deferred outflows/inflows of resources are disclosed in Note 9 to the financial statements and is based on an actuarial study determined by a consultant, which is based on the health care benefits experience of the City. We evaluated the key factors and assumptions used to develop the estimate and determined that it is reasonable in relation to the basic financial statements taken as a whole.

Estimated Net Pension Liability and Pension-Related Deferred Outflows and Inflows of Resources:

Management’s estimate of the net pension liability and deferred outflows/inflows of resources are disclosed in Note 10 to the financial statements and are based on accounting valuations determined by the California Public Employees’ Retirement System, which are based on the experience of the City. We evaluated the key factors and assumptions used to develop the estimates and determined that they are reasonable in relation to the basic financial statements taken as a whole.

Estimated Leases Receivable and Deferred Inflows of Resources Related to Leases: Management’s estimate of leases receivable is based on the agreement term, including any assumptions related to whether extensions may be exercised, and the discount rate net present value calculation is based on the estimated borrowing rate at the measurement date, as disclosed in Notes 1D(xiv) and 4. We evaluated the key factors and assumptions used to develop the leases receivable and deferred inflows of resources related to leases estimates and determined that they are reasonable in relation to the basic financial statements taken as a whole.

2

Estimated Subscription Assets and Subscription Liability: Management’s estimate of subscription assets and subscription liability are based on the agreement term, including any assumptions related to whether extensions may be exercised, and the discount rate used in the net present value calculation is based on the estimated borrowing rate at the measurement date as disclosed in Notes 1D(xv) and 6A(vi). We evaluated the key factors and assumptions used to develop the subscription assets and subscription liability estimates and determined that they are reasonable in relation to the basic financial statements taken as a whole.

Estimate of Depreciation: Management’s estimate of the depreciation is based on useful lives determined by management. These lives have been determined by management based on the expected useful life of assets as disclosed in Note 1D(v) to the financial statements. We evaluated the key factors and assumptions used to develop the depreciation estimate and determined that it is reasonable in relation to the basic financial statements taken as a whole.

Estimate of Accrued Compensated Absences: Accrued compensated absences which are comprised of accrued vacation, holiday, compensating time and sick leave is estimated using accumulated unpaid leave hours and hourly pay rates in effect at the end of the fiscal year, based on the likelihood that it will be used as leave or paid upon termination plus a provision for salary-related payments (Medicare taxes and workers’ compensation costs), as disclosed in Note 1D(vi) to the financial statements. We evaluated the key factors and assumptions used to develop the accrued compensated absences and determined that it is reasonable in relation to the basic financial statements taken as a whole.

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

Difficulties Encountered in Performing the Audit
We encountered no significant difficulties in dealing with management in performing and completing our audit.

Corrected and Uncorrected Misstatements
Professional standards require us to accumulate all known and likely misstatements identified during the audit, other than those that are clearly trivial, and communicate them to the appropriate level of management.

We did not propose any audit adjustments that, in our judgment, could have a significant effect, either individually or in the aggregate, on the City’s financial reporting process.

Professional standards require us to accumulate all known and likely uncorrected misstatements identified during the audit, other than those that are clearly trivial, and communicate them to the appropriate level of management. We have no such misstatements to report to the City Council.

Disagreements with Management
For purposes of this letter, a disagreement with management is a financial accounting, reporting, or auditing matter, whether or not resolved to our satisfaction, that could be significant to the financial statements or the auditor’s report. We are pleased to report that no such disagreements arose during the course of our audit.

Management Representations
We have requested certain representations from management that are included in a management representation letter dated November 21, 2025.

3

Management Consultations with Other Independent Accountants In some cases, management may decide to consult with other accountants about auditing and accounting matters, similar to obtaining a “second opinion” on certain situations. If a consultation involves application of an accounting principle to the City’s financial statements or a determination of the type of auditor’s opinion that may be expressed on those statements, our professional standards require the consulting accountant to check with us to determine that the consultant has all the relevant facts. To our knowledge, there were no such consultations with other accountants.

Other Audit Findings or Issues
We generally discuss a variety of matters, including the application of accounting principles and auditing standards, with management each year prior to retention as the City’s auditors. However, these discussions occurred in the normal course of our professional relationship and our responses were not a condition to our retention.

Other Matters
We applied certain limited procedures to the required supplementary information that accompanies and 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 required supplementary information and do not express an opinion or provide any assurance on the required supplementary information.

We were engaged to report on the supplementary information that accompanies the financial statements, but is not required supplementary information. 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 the Introductory and Statistical Sections which accompany the financial statements, but are not required supplementary information. Such information has not been subjected to the auditing procedures applied in the audit of the basic financial statements, and accordingly, we do not express an opinion or provide any assurance on them.
******
This information is intended solely for the use of City Council and management and is not intended to be, and should not be, used by anyone other than these specified parties.

Pleasant Hill, California
November 21, 2025
4

CITY OF BRENTWOOD

PEDESTRIAN AND BICYCLE PROJECTS

FINANCIAL STATEMENTS

FOR THE YEARS ENDED
JUNE 30, 2025 AND 2024

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CITY OF BRENTWOOD

PEDESTRIAN AND BICYCLE PROJECTS

FINANCIAL STATEMENTS
For the Years Ended June 30, 2025 and 2024
Table of Contents
Page
Independent Auditor’s Report .................................................................................................................... 1 Balance Sheet ........................................................................................................................................ 3 Statement of Revenues, Expenditures and Changes in Fund Balance ................................................. 4 Notes to the Financial Statements ......................................................................................................... 5 Independent Auditor’s Report on Internal Control Over Financial Reporting, on Compliance with the Transportation Development Act and Other Matters Based on an Audit of Financial Statements Performed in Accordance with Government Auditing Standards ........................................................ 7

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INDEPENDENT AUDITOR’S REPORT
To the Honorable Members of the City Council
of the City of Brentwood, California
Report on the Audit of the Financial Statements
Opinion
We have audited the accompanying financial statements of the City of Brentwood Pedestrian and Bicycle Projects (Projects) of the City of Brentwood, California, as of and for the years ended June 30, 2025 and 2024, and the related notes to the financial statements, as listed in the Table of Contents.

In our opinion, the financial statements referred to above present fairly, in all material respects, the financial position of the Projects as of June 30, 2025 and 2024, and the change in financial position for the years then ended in accordance with accounting principles generally accepted in the United States of America.

Basis for Opinions
We conducted our audits 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. Our responsibilities under those standards are further described in the Auditor’s Responsibilities for the Audit of the Financial Statements section of our report. We are required to be independent of the City and to meet our other ethical responsibilities, in accordance with the relevant ethical requirement relating to our audits. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinions.

Emphasis of a Matter
As discussed in Note 1, the financial statements present only the Projects and do not purport to, and do not present fairly the financial position of the City as of June 30, 2025 and 2024, the changes in its financial position, or, where applicable, its cash flows for the years then ended in accordance with accounting principles generally accepted in the United States of America. Our opinion is not modified with respect to this matter.

Responsibilities of Management for the Financial Statements Management is responsible for the preparation and fair presentation of these financial statements in accordance with accounting principles generally accepted in the United States of America, and for the design, implementation, and maintenance of internal control relevant to the preparation and fair presentation of the financial statements that are free from material misstatement, whether due to fraud or error.
1

Auditor’s Responsibilities for the Audit of the Financial Statements Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance but is not absolute assurance and therefore is not a guarantee that an audit conducted in accordance with generally accepted auditing standards and Government Auditing Standards will always detect a material misstatement when it exists.

The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control. Misstatements are considered material if there is a substantial likelihood that, individually or in the aggregate, they would influence the judgment made by a reasonable user based on the financial statements.

In performing an audit in accordance with generally accepted auditing standards and Government Auditing Standards, we:
• Exercise professional judgment and maintain professional skepticism throughout the audit. • Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, and design and perform audit procedures responsive to those risks. Such procedures include examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements.
• Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Projects’ internal control. Accordingly, no such opinion is expressed.
• Evaluate the appropriateness of accounting policies used and the reasonableness of significant accounting estimates made by management, as well as evaluate the overall presentation of the financial statements.

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

Other Reporting Required by Government Auditing Standards In accordance with Government Auditing Standards, we have also issued our report dated November 21, 2025 on our consideration of the Project’s internal control over financial reporting and on our tests of its compliance with certain provisions of laws, regulations, contracts, and grant agreements and other matters. The purpose of that report is solely to describe the scope of our testing of internal control over financial reporting and compliance and the results of that testing, and not to provide an opinion on the effectiveness of the Projects’ internal control over financial reporting or on compliance. That report is an integral part of an audit performed in accordance with Government Auditing Standards in considering the Projects’ internal control over financial reporting and compliance.

Pleasant Hill, California
November 21, 2025
2

CITY OF BRENTWOOD

PEDESTRIAN AND BICYCLE PROJECTS

BALANCE SHEET
JUNE 30, 2025 AND 2024
2025 2024
ASSETS
Due from Metropolitan Transportation Commission
Total Assets

LIABILITIES
Due to the City of Brentwood
Total Liabilities

FUND BALANCE
Fund Balance

TOTAL LIABILITIES AND FUND BALANCE
See accompanying notes to the financial statements
3

CITY OF BRENTWOOD

PEDESTRIAN AND BICYCLE PROJECTS

STATEMENT OF REVENUES, EXPENDITURES

AND CHANGES IN FUND BALANCE
FOR THE YEARS ENDED JUNE 30, 2025 AND 2024
2025 2024
Allocation Allocation
Instruction # Instruction #
24001021 23001066
REVENUES:

T.D.A. Article 3.0 (Note 2) $ 100,000 $ 100,000
EXPENDITURES:

Fairview Avenue Sidewalk Gap Closure 100,000
Spruce Street Sidewalk 100,000
Excess of Revenues Over Expenditures
Fund Balance, Beginning of Year
Fund Balance, End of Year $ - $ -
See accompanying notes to the financial statements
4

CITY OF BRENTWOOD

PEDESTRIAN AND BICYCLE PROJECTS

NOTES TO THE FINANCIAL STATEMENTS
For the Years Ended June 30, 2025 and 2024
NOTE 1 - DESCRIPTION OF REPORTING ENTITY
The City of Brentwood has developed the Pedestrian and Bicycle Projects (Projects) under the Transportation Development Act (TDA), Article 3.0, for the construction of pedestrian pathways and wheelchair ramps and bicycle master plan studies.

The TDA funds are distributed through the Metropolitan Transportation Commission (MTC), which is the agency responsible for allocation of funds to eligible claimants within the greater San Francisco Bay Area.

The Projects are included in the Other Grants Special Revenue Fund of the Annual Comprehensive Financial Report of the City. The financial statements are intended to present the financial position and results of operation for the Projects, and not those of the City as a whole.

The following is a summary of significant accounting policies of the Projects which conform to generally accepted accounting principles in the United States of America as applicable to governments.

A. Basis of Accounting
Basis of accounting refers to when revenues and expenditures are recognized. The Projects are accounted for in a governmental fund type and the modified accrual basis of accounting is used.

Under the modified accrual basis, revenues are recognized when they become measurable and available as net current assets. Expenditures are recognized when they are incurred.

B. Use of Estimates
The preparation of financial statements in conformity with generally accepted accounting principles (GAAP) requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.

NOTE 2 - TDA ARTICLE 3.0 REVENUE/EXPENDITURES
During the years ended June 30, 2025 and 2024, the City received allocation instructions from the Metropolitan Transportation Commission for the following projects:

Expended From Revenue Received
Allocation Grant Inception to Inception to
Project Name Instruction # Amount 6/30/2025 6/30/2025
Fairview Avenue Sidewalk Gap Closure 23001066 100,000 $ 100,000 $ 100,000 $ Spruce Street Sidewalk 24001021 100,000 100,000 100,000 Pedestrian and Bicycle Improvements 25001012 100,000 - - Total $ 300,000 $ 200,000 $ 200,000
5

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INDEPENDENT AUDITOR’S REPORT ON

INTERNAL CONTROL OVER FINANCIAL REPORTING,

ON COMPLIANCE WITH THE TRANSPORTATION

DEVELOPMENT ACT AND OTHER MATTERS

BASED ON AN AUDIT OF FINANCIAL STATEMENTS PERFORMED IN

ACCORDANCE WITH GOVERNMENT AUDITING STANDARDS
The Honorable Mayor and Members of the City Council
of the City of Brentwood, California
We have audited, in accordance with the auditing standards generally accepted in the United States of America and the standards applicable to financial audits contained in Government Auditing Standards issued by the Comptroller General of the United States, the financial statements of the City of Brentwood Pedestrian and Bicycle Projects (Projects) as of and for the year ended June 30, 2025, and the related notes to the financial statements, and have issued our report thereon dated November 21, 2025.

Report on Internal Control over Financial Reporting
In planning and performing our audit of the financial statements, we considered the Projects’ 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 Project’s internal control. Accordingly, we do not express an opinion on the effectiveness of the Project’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 Project’s financial statements will not be prevented, or detected and corrected on a timely basis. A significant deficiency is a deficiency, or a combination of deficiencies, in internal control that is less severe than a material weakness, yet important enough to merit attention by those charged with governance.

Our consideration of internal control was for the limited purpose described in the first paragraph of this section and was not designed to identify all deficiencies in internal control that might be material weaknesses or significant deficiencies. Given these limitations, during our audit we did not identify any deficiencies in internal control that we consider to be material weaknesses. However, material weaknesses or significant deficiencies may exist that have not been identified. 7

Report on Compliance and Other Matters
As part of obtaining reasonable assurance about whether the Projects’ financial statements are free from material misstatement, we performed tests of its compliance with certain provisions of laws, regulations, contracts, and grant agreements, noncompliance with which could have a direct and material effect on the financial statements. Our procedures included the applicable audit procedures contained in §6666 of Title 21 of California Code of Regulations and tests of compliance with the applicable provisions of the Transportation Development Act and the allocation instructions and resolutions of the Metropolitan Transportation Commission. 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.

We have also issued a separate Memorandum on Internal Control dated November 21, 2025, which is an integral part of our audit and should be read in conjunction with this report.

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 Project’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 Project’s internal control and compliance.

Accordingly, this communication is not suitable for any other purpose.

This report is intended solely for the information and use of the Metropolitan Transportation Commission, management, City Council, others within the City, and federal awarding agencies and pass-through entities and is not intended to be and should not be used by anyone other than these specified parties; however, this restriction is not intended to limit the distribution of this report, which is a matter of public record.

Pleasant Hill, California
November 21, 2025
8

California Society of Municipal
Finance Officers
Certificate of Award
Capital Budget Excellence Award
Fiscal Year 2024-2025
Presented to the
City of Brentwood
For meeting the criteria established to achieve a CSMFO Award in Budgeting.

February 7, 2025
Ernie Reyna James Russell-Field, Chair 2024 CSMFO President Recognition Committee Dedicated to Excellence in Municipal Financial Reporting

Government Finance Officers Association
Certificate of
Achievement
for Excellence
in Financial
Reporting
Presented to
City of Brentwood
California
For its Annual Comprehensive
Financial Report
For the Fiscal Year Ended
June 30, 2024
Executive Director/CEO

California Society of Municipal
Finance Officers
Certificate of Award
Operating Budget Excellence Award
Fiscal Years 2024-2025 & 2025-2026
Presented to the
City of Brentwood
For meeting the criteria established to achieve a CSMFO Award in Budgeting.

February 7, 2025
Ernie Reyna James Russell-Field, Chair 2024 CSMFO President Recognition Committee Dedicated to Excellence in Municipal Financial Reporting

CITY COUNCIL AGENDA ITEM NO. H.5
12/09/2025
SUBJECT: Amendment No. 5 to Contract for Landscape Maintenance Services with Terracare Associates
DEPARTMENT: Parks and Recreation
STAFF: E. Harith Aleem, Jr., Director of Parks and Recreation Aaron Wanden, Parks Maintenance Manager
Tammy Homan, Senior Management Analyst

TITLE/RECOMMENDATION
Adopt a Resolution approving and authorizing the City Manager or designee to execute Amendment No. 5 to the Contract for Landscape Maintenance Services with Terracare Associates for a two-year term from January 1, 2026 to December 31, 2027, in the amount of $9,879,251.31, plus funding authorization of 15% for additional work in the amount of $1,481,887.70, for a total authorized not to exceed contract amount of $33,925,996.99 (for the 7-year contract term that began in January of 2021), and authorize the City Manager or designee to approve necessary documents for the additional work, if appropriate.

FISCAL IMPACT
If approved, the cost of Amendment No. 5 to the Contract for Landscape Maintenance Services for Parks, LLADs, and “R” Areas with Terracare Associates is $9,879,251.31 plus funding authorization of 15%, or $1,481,887.70, for unanticipated additional work, for a total spending authorization amount of $33,925,996.99 for the 7-year contract term that began in January of 2021.

Funding for this amendment for a two-year term is as follows:

Funding Source
Amendment
Amount
Citywide Park Assessment District $4,147,267.86
Lighting and Landscape Assessment Districts (LLAD’s) $4,524,680.74 General Fund $1,207,302.71
Allocation Based on Service Location (Citywide Park, LLAD, or General Fund) $1,481,887.70
Total Cost of Amendment $11,361,139.01

CITY COUNCIL AGENDA ITEM NO. H.5
12/09/2025
The cost for the portion of the services to be performed in FY 2025/26 is included in the adopted 2025/26 Operating Budget. The cost for the remaining eighteen months of service in subsequent fiscal years will be included in the draft 2026/27 – 2027/28 Operating Budget that will be presented to the City Council at the Operating Budget workshop in May of 2026.

The total not to exceed contract amount is summarized, as follows:

Fiscal Year
Annual
Landscape
Maintenance
Services Contract
Unanticipated
Additional Services
(15%) Authorized
Total Not to
Exceed
Authorized
Amount
Original Contract
2020/21 (Jan.-June) $1,681,956.50 $252,293.48 $1,934,249.98 2021/22 (July-June)* $3,464,830.39 $519,724.56 $3,984,554.95 2022/23 (July-June)* $3,568,775.30 $535,316.30 $4,104,091.60 2023/24 (July-Dec)* $1,837,919.28 $275,687.89 $2,113,607.17 Subtotal $10,553,481.47 $1,583,022.23 $12,136,503.70
Amendment #4
2023/24 (Jan. – June) $2,200,522.74 $330,078.41 $2,530,601.15 2024/25 (July – June)* $4,533,076.84 $679,961.53 $5,213,038.37 2025/26 (July – Dec.)* $2,334,534.57 $350,180.19 $2,684,714.76 Subtotal Amend #4 $9,068,134.15 $1,360,220.13 $10,428,354.28 Amendment #5
2025/26 (Jan. – June) $2,397,352.84 $359,602.93 $2,756,955.77 2026/27 (July – June)* $4,937,546.85 $740,782.03 $5,679,328.88 2027/28 (July – Dec.)* $2,543,351.62 $381,502.74 $2,924,854.36 Subtotal Amend #5 $9,879,251.31 $1,481,887.70 $11,361,139.01 Grand Total $29,500,866.93 $4,425,130.06 $33,925,996.99 *Includes Not to Exceed estimated CPI of 3%

BACKGROUND
At its regular meeting on November 20, 2020, the City Council awarded a Contract for Landscape Maintenance Services – Parks and LLADs to Terracare Associates (“Terracare”) for a three-year term commencing January 1, 2021. In addition, at the same meeting, a Contract for Landscape Maintenance Services – Right-of Way Areas (“R” Areas) was awarded to Del Conte’s Landscaping (“Del Conte”). Each contract

CITY COUNCIL AGENDA ITEM NO. H.5
12/09/2025
was written to include two additional two-year renewal options at the discretion of the City.

Amendment No. 1 to the contract with Terracare was executed in July 2021, allowing the ability to use contingency funds for additional work for FY 2021/22. Amendment No. 2 was executed in July 2022, allowing the ability to use contingency funds for additional work for FY 2022/23, and Amendment No. 3 was executed in June 2023 to allow use of contingency funds for additional work for FY 2023/24.

In fall 2023, staff issued an RFP seeking proposals for maintenance of the “R” Areas due to dissatisfaction with the contractor that had been performing those services.

After review of the proposals, on November 14, 2023, by City Council Resolution 2023-136, the City Council approved a 2-year contract extension with Terracare through December 31, 2025, and awarded the “R” Areas to be included in Terracare’s scope of service effective January 1, 2024.

Terracare has been serving Brentwood by providing high quality landscape maintenance services in parks, LLADs, and right-of-way areas for seventeen years.

The City has been satisfied with the services provided. In addition, Terracare has participated in various community activities involving the City, school districts, and various other local groups at their own time and expense. Terracare has demonstrated a strong dedication to the Brentwood community. Due to Terracare’s consistent high levels of service and responsiveness, staff recommends a two-year extension of the Parks and LLADs contract with Terracare through December 31, 2027.

The term of Amendment No. 5 (which includes Parks, LLADs, and “R” Areas) is for two years, from January 1, 2026 through December 31, 2027. In fall 2027, staff will issue a new RFP to seek proposals for the City’s landscape maintenance services.

The fiscal impact for Amendment No. 5 to the Contract for Landscape Maintenance Services for Parks, LLADs, and “R” Areas with Terracare Associates is $9,879,251.31 plus funding authorization of 15% for unanticipated additional work (such as vandalism, storm related damages, vehicle accident damages, additional accepted areas, and extra work/services not currently included in the scope of services) in the amount of $1,481,887.70, for a total spending authorization amount of $33,925,996.99 (for the 7-year contract term that began in January of 2021).

Effective the following 12-month period (July 1, 2026 – June 30, 2027), and again the 6-month period after that (July 1, 2027 – December 31, 2027), the City will increase the total not to exceed contract amount, using the Consumer Price Index (CPI) – Urban Wage Earners and Clerical Works for the San Francisco – Oakland –

CITY COUNCIL AGENDA ITEM NO. H.5
12/09/2025
Hayward metropolitan area as of April 30th of each year (in no event will the CPI increase exceed 3%, without further Council approval). The amounts in the table in the Fiscal Impact section above reflect a maximum 3% increase, which is already included in the overall contract amount of $29,500,866.93.

CITY COUNCIL STRATEGIC INITIATIVE
Not Applicable.

PREVIOUS ACTION
Previous Action by the City Council is included on Attachment 1.

DATE OF NOTICE
Not Applicable.

ENVIRONMENTAL DETERMINATION
Not Applicable.

ALTERNATIVE OPTION(S)

1. Do not approve staff’s recommendation. If not approved, staff would be required to re-bid the landscape maintenance services, which is a lengthy process, and would result in not having landscape maintenance services in place beginning January 1, 2026.

2. Direct staff to return to City Council at a later date with more information.

ATTACHMENT(S)

1. Previous Action

2. Resolution

3. Amendment No. 5 to the Contract for Landscape Maintenance Services

PREVIOUS ACTION
Previous actions related to this agenda item that were taken by the Council are listed below. To view prior actions and materials, and Brentwood Municipal Code references in the staff report, as applicable:
 Visit www.brentwoodca.gov/meetings, and select the meeting date(s) desired to see the reference materials and videos.
 Visit www.brentwoodca.gov/municipalcode to research references to the Brentwood Municipal Code and search by the code section(s) cited.

On November 20, 2020, by Resolution 2020-138, the City Council approved and authorized the City Manager or designee to execute a Contract for Landscape Maintenance Services of Parks and Lighting and Landscape Assessment Districts with Terracare Associates for a three-year term commencing January 1, 2021, in the amount of $10,553,481.47 plus a 15% contingency of $1,583,022.23 for a total not to exceed amount of $12,136,503.70, and authorized the City Manager or designee to approve necessary documents for the base bid, extra work, and extensions as appropriate.

On November 14, 2023, by Resolution 2023-136, the City Council of the City of Brentwood authorized the City Manager or designee to execute Amendment No. 4 to the Contract for Landscape Maintenance Services with Terracare Associates for a twoyear term from January 1, 2024 to December 31, 2025, in the amount of $9,068,134.15, plus funding authorization of 15% for additional services in the amount of $1,360,220.13, for a total authorized not to exceed contract amount of $22,564,857.98 (for the 5-year contract term that began in January of 2021), and authorized the City Manager or designee to approve necessary documents for the additional work and extensions as appropriate.

On June 25, 2024, by Resolution 2024-73, the City Council of the City of Brentwood adopted the FY 2024/25 – 2025/26 Operating Budget.

RESOLUTION NO 2025-XX

A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF

BRENTWOOD AUTHORIZING THE CITY MANAGER OR DESIGNEE
TO EXECUTE AMENDMENT NO. 5 TO THE CONTRACT FOR

LANDSCAPE MAINTENANCE SERVICES WITH TERRACARE
ASSOCIATES FOR A TWO-YEAR TERM FROM JANUARY 1, 2026 TO
DECEMBER 31, 2027, IN THE AMOUNT OF $9,879,251.31, PLUS FUNDING AUTHORIZATION OF 15% FOR ADDITIONAL SERVICES
IN THE AMOUNT OF $1,481,887.70, FOR A TOTAL AUTHORIZED
NOT TO EXCEED CONTRACT AMOUNT OF $33,925,996.99 (FOR
THE 7-YEAR CONTRACT TERM THAT BEGAN IN JANUARY OF
2021), AND AUTHORIZE THE CITY MANAGER OR DESIGNEE TO

APPROVE NECESSARY DOCUMENTS FOR THE ADDITIONAL

WORK, IF APPROPRIATE
WHEREAS, at its regular meeting on November 20, 2020, the City Council awarded a contract for Landscape Maintenance Services – Parks and LLADs (“Contract”) to Terracare Associates (“Terracare”) for a three-year term commencing January 1, 2021; and
WHEREAS, the Contract was written to include two additional two-year renewal options at the discretion of the City; and
WHEREAS, on June 27, 2023, by Resolution 2023-89, the City Council adopted the amended 2023/24 Operating Budget; and
WHEREAS, on November 14, 2023, by Resolution 2023-136, the City Council of the City of Brentwood authorized the City Manager or designee to execute Amendment No. 4 to the Contract for a two-year term from January 1, 2024 to December 31, 2025, in the amount of $9,068,134.15, plus funding authorization of 15% for additional services in the amount of $1,360,220.13, for a total authorized not to exceed contract amount of $22,564,857.98 (for the 5-year contract term that began in January of 2021), and authorized the City Manager or designee to approve necessary documents for the additional work and extensions as appropriate; and WHEREAS, on June 25, 2024, by Resolution 2024-73, the City Council of the City of Brentwood adopted the FY 2024/25 – 2025/26 Operating Budget; and WHEREAS, due to Terracare’s consistent high levels of service and responsiveness, staff recommends awarding the final two-year extension of the Contract through December 31, 2027.

NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of Brentwood authorizes the City Manager or designee to execute Amendment No. 5 to the Contract for Landscape Maintenance Services with Terracare Associates for a twoyear term from January 1, 2026 to December 31, 2027, in the amount of

$9,879,251.31, plus funding authorization of 15% for additional services in the amount of $1,481,887.70, for a total authorized not to exceed contract amount of $33,925,996.99 (for the 7-year contract term that began in January of 2021), and authorizes the City Manager or designee to approve necessary documents for the additional work as appropriate.

The total contract amount is broken down as follows:

Fiscal Year
Annual
Landscape
Maintenance
Services Contract
Unanticipated
Additional Services
(15%) Authorized
Total Not to
Exceed
Authorized
Amount
Original Contract
2020/21 (Jan.-June) $1,681,956.50 $252,293.48 $1,934,249.98 2021/22 (July-June)* $3,464,830.39 $519,724.56 $3,984,554.95 2022/23 (July-June)* $3,568,775.30 $535,316.30 $4,104,091.60 2023/24 (July-Dec)* $1,837,919.28 $275,687.89 $2,113,607.17 Subtotal $10,553,481.47 $1,583,022.23 $12,136,503.70
Amendment #4
2023/24 (Jan. – June) $2,200,522.74 $330,078.41 $2,530,601.15 2024/25 (July – June)* $4,533,076.84 $679,961.53 $5,213,038.37 2025/26 (July – Dec.)* $2,334,534.57 $350,180.19 $2,684,714.76 Subtotal Amend #4 $9,068,134.15 $1,360,220.13 $10,428,354.28 Amendment #5
2025/26 (Jan. – June) $2,397,352.84 $359,602.93 $2,756,955.77 2026/27 (July – June)* $4,937,546.85 $740,782.03 $5,679,328.88 2027/28 (July – Dec.)* $2,543,351.62 $381,502.74 $2,924,854.36 Subtotal Amend #5 $9,879,251.31 $1,481,887.70 $11,361,139.01 Grand Total $29,500,866.93 $4,425,130.06 $33,925,996.99 *Includes Not to Exceed estimated CPI of 3%
PASSED, APPROVED, AND ADOPTED by the City Council of the City of Brentwood at a regular meeting held on the 9th day of December 2025, by the following vote:

1 City Attorney Approved Version 040821
AMENDMENT NO. 5 TO AMEND CONTRACT FOR
LANDSCAPE MAINTENANCE SERVICES – PARKS, LLADS, AND “R” AREAS Terracare Associates
This Amendment No. 5 is entered into as of the ____ day of __________________, 2025, and effective as of January 1, 2026, and amends the contract dated November 10, 2020 (the “Contract”) by and between the City of Brentwood, a municipal corporation of the State of California ("City"), and Terracare Associates, a Limited Liability Company (“Contractor") (collectively, the “Parties”) for landscape maintenance services.

RECITALS
A. On July 8, 2021, the Parties executed Amendment No. 1 to the Contract to increase the compensation by a not to exceed amount of $519,724.56 to cover Additional Work that Contractor performed during Fiscal Year 2021/22; and B. On July 27, 2022, the Parties executed Amendment No. 2 to the Contract to increase the compensation by a not to exceed amount of $535,316.30 to cover Additional Work under the Contract at the request of the City in Fiscal Year 2022/23; and C. On June 5, 2023, the Parties executed Amendment No. 3 to the Contract to increase the compensation by a not to exceed amount of $275,687.89 to cover Additional Work under the Contract at the request of the City in Fiscal Year 2023/24; and D. On November 14, 2023, the Parties executed Amendment No. 4 to the Contract in the not to exceed amount of $10,428,354.28 (which included additional funding authorization of 15% to cover unanticipated Additional Work, when requested by the City), to extend the term of the Contract through December 31, 2025, awarded the “R” Areas to Contractor, attached and incorporated Exhibit “G” to the Contract, and replaced Exhibit “B” to the Contract; and E. Contractor has performed the Work to the City’s satisfaction, and the Parties now desire to extend and fund the Contract for an additional two years, as permitted in Section 4.2 of the Contract; and
F. The Parties have negotiated and agreed to a revised scope of work and fee schedule which is attached as Exhibit “B” Scope of Work/Cost Proposal Form; and NOW, THEREFORE, in consideration of these recitals and the mutual covenants contained herein, the Parties agree as follows:

1. Effective January 1, 2026, Exhibit “B” to the Contract, which describes the Work, is hereby deleted and replaced with the attached Exhibit “B” which is incorporated into the Contract by this reference,

2. The term of the Contract, as may have been amended from time to time, is hereby extended for a period of two years, ending on December 31, 2027.

3. The total amount of the Contract is hereby increased by a not to exceed amount of $9,879,251.31, broken down as shown in the table below. The amounts for July 2026 – December 2027 include a 3% CPI increase which will only be applicable in accordance with the terms of Section 5 of the Contract.

2 City Attorney Approved Version 040821
Fiscal Year
Annual Landscape
Maintenance
Services Contract
Unanticipated
Additional Services
(15%) Authorized
Total Not to
Exceed
Authorized
Amount
2025/26 (Jan. – June) $2,397,352.84 $359,602.93 $2,756,955.77 2026/27 (July – June)* $4,937,546.85 $740,782.03 $5,679,328.88 2027/28 (July – Dec.)* $2,543,351.62 $381,502.74 $2,924,854.36 $9,879,251.31 $1,481,887.70 $11,361,139.01
*Includes Not to Exceed estimated CPI of 3%

4. Contractor will only be paid for Additional Work in accordance with the terms of the Contract, including, but not limited to Sections 5.2 and 5.6.

5. Except as amended herein, all other provisions of the Contract, including but not limited to Exhibits A, C, D, E, and F, as may have been amended from time to time, will remain in full force and effect.

6. All requisite insurance policies to be maintained by the Contractor pursuant to the Contract, as may have been amended from time to time, will include coverage for this Amendment.

7. The individuals executing this Amendment and the instruments referenced in it on behalf of Contractor each represent and warrant that they have the legal power, right and actual authority to bind Contractor to the terms and conditions of this Amendment.

9. Signatures.

9.1 Counterparts. This Amendment may be executed in two or more counterparts, each of which together will be deemed an original, but all of which together will constitute the same instrument.

9.2 Digital/Electronic Signatures. Using a City-approved method, this Amendment may be executed through the use of digital or electronic signatures in accordance with Government Code Section 16.5. The presence of an electronic signature on this Amendment will be construed as the Parties’ consent to do business electronically. [Signatures on the following page.]

3 City Attorney Approved Version 040821
CONTRACTOR:

By:

Brian Helgoe, CEO/Managing Member

By:

Justin Stewart, Vice President
CITY:

By:

G. Harold Duffey, City Manager
ATTEST:

By:

Amanda McVey, City Clerk
APPROVED AS TO FORM:

By:

Katherine Wisinski, City Attorney

4 City Attorney Approved Version 040821
Rates Effective 01/01/2026
Exhibit B – Scope of Work/Cost Proposal Form
PARKS

PARK NAME
TOTAL

ACREAGE
TURF

ACREAGE

BEDDING

ACREAGE

HARDSCAPE/

PLAYGROUND ANNUAL COST
Almanor Park 0.11 0.03 0.03 0.05 $2,025.92
Almond Park 1.40 0.70 0.37 0.33 $12,617.10
Alta Park 2.30 0.75 0.45 1.10 $22,029.38
Amber Park 0.30 0.12 0.06 0.12 $5,091.35
Amber Pocket Park 0.10 0.05 0.05 0.00 $6,678.93
Anastasia Park 0.82 0.35 0.10 0.37 $9,252.42
Appaloosa Park 0.94 0.69 0.18 0.07 $11,775.57
Apple Hill Park 5.00 3.90 0.13 0.97 $33,645.05
Apricot Park 0.25 0.15 0.08 0.02 $5,889.11
Arbor View Park 5.00 4.30 0.47 0.23 $40,374.33
Aspen Park 1.26 0.94 0.32 0.00 $16,430.24
Balfour-Guthrie Park 6.00 3.98 0.99 1.03 $42,057.31
Bella Fiore Park 0.29 0.06 0.10 0.13 $4,164.38
Berkshire Park 0.41 0.20 0.01 0.20 $5,889.11
Big Basin Park 1.03 0.60 0.13 0.30 $13,348.55
Black Gold Park 6.00 0.18 5.32 0.50 $16,819.22
Blue Goose Park 5.04 2.39 0.90 1.75 $30,281.74
Brentwood Family Aquatic Complex 7.00 1.31 0.17 5.52 $39,530.21 Brentwood Skate Park 0.50 0.46 0.03 0.01 $8,410.93
Caboose Park 1.00 0.39 0.49 0.12 $11,355.48
Celeste Park 1.69 0.52 0.06 1.11 $6,727.93
Cherry Park 0.44 0.25 0.11 0.08 $8,410.94
City Park 2.50 0.95 1.40 0.15 $48,263.14
Cortona Parks 1.26 0.22 0.72 0.32 $7,010.22
Creekside Park 9.53 5.67 1.22 2.64 $50,468.25
Creekside Trailhead Park 0.40 0.15 0.05 0.20 $6,727.95
Curtis Park 0.14 0.04 0.02 0.08 $4,206.13
Dakota Park 4.32 2.50 1.25 0.57 $40,902.80
Daytona Park 1.19 0.50 0.16 0.53 $9,915.01
Dolphin Park 1.78 1.11 0.16 0.51 $16,994.99
Dragonfly Park 0.55 0.20 0.13 0.22 $4,502.05
Egret Park 1.53 0.75 0.08 0.70 $12,781.39
Fruitwood Park 0.41 0.29 0.12 0.00 $7,569.45
Garin Park 6.35 4.77 0.13 1.45 $37,009.70
Gemini Park 0.76 0.58 0.05 0.13 $7,569.45
Glory Park 1.09 0.79 0.12 0.18 $9,252.42
Golden Poppy Park 0.82 0.12 0.42 0.28 $10,729.43

5 City Attorney Approved Version 040821

PARK NAME
TOTAL

ACREAGE
TURF

ACREAGE

BEDDING

ACREAGE

HARDSCAPE/

PLAYGROUND ANNUAL COST
Granville Green Park 1.77 0.63 0.31 0.83 $11,355.48
Heron Park 4.50 2.58 1.25 0.67 $31,121.94
Homecoming Park 2.00 0.31 0.20 1.49 $10,093.92
Hummingbird Park 0.63 0.33 0.15 0.15 $7,512.09
Kaleidoscope Park 0.90 0.20 0.12 0.58 $7,569.46
Kestrel Park 2.71 0.48 1.41 0.82 $16,824.69
King Park 4.85 3.65 0.90 0.30 $52,151.24
Lake Park 1.60 1.24 0.05 0.31 $11,775.58
Lexington Park 0.16 0.07 0.05 0.04 $2,419.85
Live Oak Park 2.38 1.50 0.28 0.60 $39,086.68
Loma Vista Park 5.30 4.49 0.23 0.58 $37,009.70
Magpie Park 1.88 0.75 0.29 0.84 $20,114.66
Mallard Park 1.70 0.70 0.65 0.35 $14,725.42
Marsh Creek Staging Area 0.50 0.00 0.24 0.26 $7,569.45
Marsh Creek Vista Park 0.50 0.07 0.10 0.33 $5,267.59
McClarren Park 3.24 1.94 0.46 0.84 $25,234.13
Meadowhawk Park 0.69 0.26 0.22 0.21 $7,860.55
Medallion Park 0.83 0.38 0.13 0.32 $22,125.30
Mission Grove Park 2.32 1.20 0.85 0.27 $17,967.87
Miwok Park 7.63 6.27 1.22 0.14 $67,290.11
Monarch Park 2.82 0.47 1.49 0.86 $25,679.76
Monte Rosa Park 1.76 1.00 0.66 0.10 $17,833.30
Oak Meadow Park 12.77 8.80 0.92 3.05 $84,113.32
Orchard Park 5.14 4.46 0.19 0.49 $41,215.85
Palmilla Park 2.64 1.65 0.29 0.70 $33,503.54
Palomino Park 0.61 0.52 0.03 0.06 $9,252.42
Peach Park 0.77 0.53 0.15 0.09 $10,093.92
Pelican Park 1.09 0.57 0.18 0.34 $9,829.15
Pioneer Park/Miwok Ave. Entry 2.79 1.25 0.62 0.92 $34,373.16 Pistachio Park 1.07 0.50 0.10 0.47 $11,448.26
Portofino Park 1.00 0.60 0.40 0.00 $15,140.23
Rainbow's End Park 0.76 0.33 0.08 0.35 $8,410.94
Rolling Hills Park 2.05 0.71 0.78 0.56 $12,617.06
Rose Garden Park 2.51 1.85 0.35 0.31 $25,234.13
Sage Glen Park 1.99 1.26 0.27 0.46 $18,506.16
Seedling Park 1.28 0.79 0.29 0.20 $11,775.58
Sparrow Park 0.76 0.48 0.11 0.17 $11,974.52
Spirit Park 1.06 0.40 0.60 0.06 $7,569.45
Steeplechase Park 1.12 0.69 0.21 0.22 $12,617.06
Stonehaven Park 0.15 0.07 0.02 0.06 $5,047.63
Summerset Commons 8.13 0.60 5.69 1.84 $37,979.73

6 City Attorney Approved Version 040821

PARK NAME
TOTAL

ACREAGE
TURF

ACREAGE

BEDDING

ACREAGE

HARDSCAPE/

PLAYGROUND ANNUAL COST
Summerwood Park 4.00 3.22 0.38 0.40 $36,168.21
Sungold Park 1.71 0.90 0.61 0.20 $16,534.30
Sunset Park Athletic Complex 38.00 23.98 3.78 10.24 $225,311.53 Sycamore Park 1.36 0.41 0.63 0.32 $25,109.88
Topaz Park 0.27 0.11 0.10 0.06 $5,889.11
Towhee Park 0.53 0.22 0.21 0.10 $5,942.68
Trailview Park 5.03 0.50 4.53 0.00 $44,153.00
Tulare Park 1.38 0.48 0.62 0.28 $20,519.15
Veterans Park 10.00 5.35 1.34 3.31 $72,983.11
Walnut Park 5.00 4.47 0.35 0.18 $41,719.39
Wheatfield Park 1.34 0.95 0.20 0.19 $14,300.05
Windsor Way Park 0.36 0.06 0.02 0.28 $5,551.19
Yokut Park 1.38 0.88 0.19 0.31 $12,617.07
TOTALS 248.23 137.07 52.08 59.08 $2,012,797.13

7 City Attorney Approved Version 040821
Rates Effective 01/01/2026
LLADS
LLD
TOTAL

ACREAGE
TURF

ACREAGE

BEDDING

ACREAGE
WEED

ABATEMENT
ANNUAL
COST
94-1 29.80 6.73 22.56 0.51 $269,746.24
95-2 2.33 0.40 1.93 0.00 $22,163.69
95-5 3.68 0.00 3.60 0.08 $21,934.43
95-6 0.15 0.00 0.15 0.00 $2,385.33
95-7 2.32 0.79 1.53 0.00 $27,974.61
95-8 7.72 0.04 6.43 1.25 $68,552.80
97-1 6.66 0.76 3.80 2.10 $64,295.64
98-3 1.02 0.13 0.89 0.00 $9,696.36
98-4 0.44 0.37 0.07 0.00 $6,996.96
98-5 0.23 0.00 0.23 0.00 $3,523.66
99-3 22.54 3.82 16.31 2.41 $182,535.98
99-4 0.35 0.07 0.09 0.19 $2,961.78
99-5 9.84 2.31 6.78 0.75 $110,461.93
99-6 0.11 0.00 0.11 0.00 $1,822.13
99-7 2.72 0.08 2.61 0.03 $26,636.18
99-8 1.96 0.42 0.92 0.62 $17,021.98
99-9 3.41 0.26 2.30 0.85 $32,920.14
00-2 0.13 0.00 0.12 0.01 $1,974.53
00-3 0.67 0.00 0.65 0.02 $8,726.33
00-4 2.37 0.64 0.72 1.01 $17,094.87
01-1 2.83 2.68 0.06 0.09 $38,198.40
02-2 8.38 2.41 5.96 0.01 $92,170.43
02-3 25.02 12.56 11.06 1.40 $202,510.36
02-4 0.86 0.07 0.79 0.00 $8,666.69
02-5 1.28 0.00 1.06 0.22 $10,938.05
02-6 0.40 0.07 0.24 0.09 $5,643.93
02-7 1.30 0.00 1.00 0.30 $17,923.10
02-9 1.91 0.07 0.04 1.80 $2,438.35
02-11 0.39 0.00 0.28 0.11 $331.31
02-12 0.63 0.30 0.33 0.00 $9,066.91
02-13 0.75 0.37 0.38 0.00 $9,989.23
03-2 29.78 12.74 15.13 1.91 $248,530.07
03-3 1.52 0.00 1.52 0.00 $15,743.15
03-5 2.73 0.39 2.34 0.00 $34,528.84
03-8 0.44 0.00 0.44 0.00 $4,457.70
04-2 0.12 0.00 0.12 0.00 $1,305.31
06-2 5.28 0.02 2.40 2.86 $57,366.45
06-3 22.10 0.00 19.95 2.15 $223,559.40

8 City Attorney Approved Version 040821
LLD
TOTAL

ACREAGE
TURF

ACREAGE

BEDDING

ACREAGE
WEED

ABATEMENT
ANNUAL
COST
06-4 1.05 0.00 1.05 0.00 $16,631.05
06-5 4.89 0.00 4.89 0.00 $126,981.96
11-1 0.65 0.00 0.65 0.00 $5,803.09
14-1 1.58 0.00 1.58 0.00 $4,286.61
14-2 5.16 0.69 4.47 0.00 $46,011.05
15-1 1.05 0.00 1.05 0.00 $10,793.64
15-2 0.18 0.00 0.18 0.00 $1,824.14
16-1 1.26 0.00 1.26 0.00 $16,149.61
16-2 0.93 0.00 0.93 0.00 $9,042.34
17-1 0.10 0.00 0.10 0.00 $1,012.96
17-2 0.71 0.00 0.71 0.00 $8,513.35
19-1 3.49 0.00 3.49 0.00 $14,504.44
19-2 1.12 0.00 1.12 0.00 $3,538.59
21-1 1.04 0.00 1.04 0.00 $14,161.74
21-2 2.25 0.00 2.25 0.00 $26,382.80
21-3 0.64 0.00 0.64 0.00 $7,536.63
TOTALS 230.27 49.19 160.31 20.77 $2,195,967.25

9 City Attorney Approved Version 040821
Rates Effective 01/01/2026
RIGHT-OF-WAY AREAS (“R” AREAS)
AREA
# RIGHT-OF-WAY AREA
TOTAL

ACREAGE
TURF

ACREAGE

BEDDING

ACREAGE
WEED

ABATEMENT
ANNUAL
COST
1 Sand Creek Rd. and Fairview Ave. (west
median and south side of Sand Creek From
Fairview to Linden)

1.03 0.00 1.03 0.00 $10,380.91
2 Minnesota (Bristow), Outrigger & Sand Creek 1.43 0.34 0.75 0.34 $11,526.68 3 Sand Creek Rd. (O'Hara to railroad tracks) 2.80 0.00 0.31 2.49 $6,924.11 7 Sand Creek Rd. (Median near Brentwood Blvd) 0.10 0.00 0.10 0.00 $1,007.86 8 Brentwood Blvd (Applewood Ct. to Lone Tree) 1.60 0.00 1.47 0.13 $15,022.34 9 Brentwood Blvd (Havenwood to Applewood) 3.02 0.02 0.36 2.64 $8,031.01 10 Grant Street & Sunset (EBMUD)
Oleanders to be maintained at 5' height

3.78 3.16 0.62 0.00 $38,096.92
11 Brentwood Blvd (Sand Creek Rd to Nancy St) 0.61 0.00 0.46 0.15 $4,874.84 12 Central Blvd/O'Hara/2nd Street 1.03 0.00 0.35 0.68 $3,943.05 13 Downtown District 1.95 0.00 0.46 1.49 $12,721.75
14 Second Street Medians 0.36 0.00 0.36 0.00 $2,063.11
16 Oak Street and Walnut Blvd (Tree Wells) 0.01 0.00 0.01 0.00 $100.79 17 Balfour Rd and Walnut Blvd 1.39 0.00 0.46 0.93 $6,116.09 17A West side of Walnut Blvd. from McClarren to
Food Maxx

0.16 0.00 0.16 0.00 $1,612.57
18 Balfour (Sound Wall - Harvest Park to Guthrie) 0.25 0.00 0.16 0.09 $1,755.79 19 Balfour Rd and Sellers Ave 3.14 1.88 1.26 0.00 $31,646.65 20 Police Department and CD Building 3.16 0.43 0.73 2.00 $14,873.82 22 Central Blvd - (Between Griffith to North
Estates on north and south sides of the road)
and Duffy Meadows

1.60 0.00 0.25 1.35 $4,667.96
23 Griffith (between Balfour & Dainty) 0.22 0.00 0.22 0.00 $2,217.28 24 Balfour Rd, Griffith Lane & Continente Ave 0.14 0.00 0.04 0.10 $562.28 25 Balfour Median (Griffith to Rosegate) 0.67 0.00 0.67 0.00 $6,752.63 26 Marsh Creek Trail (Between Balfour & Dainty) 0.60 0.58 0.02 0.00 $6,047.13 27 Balfour, Crescent & Claremont (Marsh Creek) 1.55 0.00 1.55 0.00 $15,621.75 28 Dry Creek Area (Balfour, Clearview & Cresent) 1.89 0.08 1.76 0.05 $19,619.91 29 Minnesota Ave. (Balfour to Sand Creek) 1.15 0.00 0.50 0.65 $6,073.65 30 Central Blvd (Between Minnesota & Dainty)
Oleanders to be maintained at 5' height

0.20 0.00 0.20 0.00 $2,015.71
31 Central Blvd and Minnesota Ave 1.04 0.00 1.04 0.00 $10,481.69 32 Deer Creek Channel (San Jose Ave) 1.14 0.00 0.33 0.81 $4,614.92 33 Fairview (Central Blvd to San Jose Ave) 0.72 0.00 0.71 0.01 $7,171.68 34 Central Blvd (East Side of Fairview) 0.14 0.00 0.14 0.00 $1,411.00 35 Central Ave (Apple Hill Median) 0.06 0.04 0.02 0.00 $604.71 36 Fairview (Central Ave to Balfour Rd) 1.07 0.00 1.07 0.00 $10,784.05 37 Balfour (Median between Fairview & Rossano) 0.08 0.00 0.08 0.00 $806.28 38 Fairview (Balfour to Arlington) 0.24 0.00 0.24 0.00 $2,418.85

10 City Attorney Approved Version 040821
39 Balfour Road from Fairview to Bypass 2.87 0.64 1.36 0.87 $21,541.57 40 Deer Creek Trail in Apple Hill 3.30 0.00 3.30 0.00 $33,259.22 41 Dry Creek (Apple Hill Pathway) 0.19 0.00 0.00 0.19 $302.36 42 Brentwood Blvd (Birch to Armstrong)
Oleanders to be maintained at 5' height

5.98 0.00 1.73 4.25 $24,199.13
43 Arlington (Between Claremont & Cheshire) 0.17 0.00 0.17 0.00 $1,713.35 44 End of Creek Rd (By Bridge to Creekside) 2.75 0.00 2.65 0.10 $26,867.29 45 Walnut Blvd. Water Tower 4.46 0.00 0.02 4.44 $7,267.17 46 American Avenue (4 medians) 1.27 0.00 0.29 0.98 $4,482.30 47A Creek Rd. 7.02 0.00 6.77 0.25 $68,629.62
47B Fairview/Concord Ave. 1.95 0.00 0.00 1.95 $3,103.13 48 American Avenue (2 medians) 1.09 0.00 0.59 0.50 $6,742.02 49 John Muir Ext. (Phase 1) Ventura to Foothill 2.38 0.00 1.45 0.93 $16,093.85 50 John Muir Ext. (Phase 2) Foothill to Briones 1.71 0.00 0.45 1.26 $6,540.45 52 Marsh Creek Trailhead 0.60 0.00 0.60 0.00 $6,047.13
53 Misc Spray Sites (*See Below) 29.66 0.00 0.00 29.66 $58,338.50 54 Sunset Trail Weed Abatement 9.75 0.00 0.00 9.75 $15,981.39 TOTALS 113.48 7.17 37.27 69.04 $573,678.25
BREAKDOWN OF MISCELLANEOUS SPRAY SITES (#53 ABOVE)
# LOCATION / DESCRIPTION ACRES
53 (74) Hanson Lane north and southside from 112 Hanson to Marsh Creek 0.67 53 (75) City lot on Heartland Court along Marsh Creek from park to Well #7 0.17 53 (78) 7101 and 7131 Lone Tree Way and section of 7151 Lone Tree Way 0.58 53 (79) Smith Lane east and west side from Lone Tree Way to O'Hara Avenue 0.36 53 (82) New Jeffery Way from Lone Tree Way including median 1.72 53 (84) Heidorn Ranch east side from Home Depot to PG&E yard across the street 0.49 53 (85) City lot behind 870 Kramer Court next to PG&E plant 0.30 53 (88) Cambrian Place north side from Minnesota Avenue to the park 0.15 53 (101) Highway 4 Bypass - Sand Creek Road medians west of Bypass 0.52 53 (121) Shady Willow Lane west side from Empire Avenue to Sand Creek Road 0.70 53 (124) Strathaven Place west side from 1720 Brampton Place to sourth end 0.07 53 (125) Montclair Place east and west side from 1700 Ashbourne Place to south 0.05 53 (149A) Zone II water tanks off of St Andrews Drive 0.25 53 (149B) Zone II water tanks off of Vineyards Subdivision 0.25 53 (176) Empire Avenue shoulder and ditch from Lone Tree Way to City limit 0.27 53 (178) Lone Tree Way from Fairview Avenue to Gann Street subdivision 0.20 53 (181) Lone Tree Way north side from O'Hara Avenue to Anderson Lane and on the southwest corner of Lone Tree and Adams Lane 0.52
53 (182) Lone Tree Way south side from O'Hara Avenue to Tilton Lane 0.29

11 City Attorney Approved Version 040821
# LOCATION / DESCRIPTION ACRES
53 (185) Lone Tree Way south side from Virginia Drive to Brentwood Blvd. 0.25 53 (186) Lone Tree Way north side from Virginia Drive to Brentwood Blvd. 0.98 53 (187) Lone Tree Way sourth side from Brentwood Blvd to Arroyo Seco Subdivision 0.21 53 (188) Lone Tree Way north side from Brentwood Blvd to east end of Lone Tree Way 0.25 53 (189) Anderson Lane west side from City limit to Lone Tree Way 0.11 53 (190) Anderson Lane east side from City limit to Lone Tree Way 0.36 53 (191) O'Hara Avenue east side from Lone Tree Way to Brentwood Park sub 0.14 53 (192) O'Hara Avenue east side from Lone Tree Way to O'Hara Lane 0.56 53 (193) O'Hara Lane north side from O'Hara Avenue to Smith Lane 0.13 53 (195) Windy Springs Lane west side from Lone Tree Way to Amber Lane and on Lone Tree and Windy Springs Lane 0.37
53 (197) Empire Avenue west side from Lone Tree Way to Amber Lane 0.31 53 (199) Empire Avenue south side from Shady Willow Lane to west end of road 0.23 53 (201) Shady Willow lane west side from Golden Hills Church to Grant Street 0.20 53 (203) Amber Lane north and south side of road from Shady Willow to Jeffrey 0.36 53 (205) Old Sand Creek Road north and south side from Hwy 4 Bypass to Heidorn 0.73 53 (207) Amber Lane north side of road from Empire Ave to Shady Willow 0.19 53 (209) Minnesota Ave east side along RR Tracks 0.69
53 (210) Old Sand Creek Road north side to Helena Way 0.73 53 (211) Fairview Avenue west side from north of Hillsborough Blvd to Fairview Ct 0.43 53 (212) Fairview Avenue west side from Apricot Way to Sand Creek Road 0.13 53 (214) Sand Creek Road north side from Fairview Avenue to apartment complex 0.85 53 (215) Sea Vista Drive 0.01
53 (216) Sand Creek Road south side from Raleys to Hwy 4 Bgypass 0.38 53 (217) Sand Creek Road north side from trail to O'Hara Ave 0.24 53 (219) Old Sand Creek Road from Shady Willow Lane to Bypass 1.61 53 (220) Adams Lane east side from Grant Street to O'Hara Ave 0.31 53 (223) Gracie Lane north side 0.22
53 (224) Lone Oak Road east and west side from Grant Street to Gracie 0.55 53 (231) Homecoming Way north side and east side of Brentwood Blvd from Homecoming to Hansen 0.33
53 (232) Hanson Lane south side 0.12
53 (233) Beverly Place north and south side 0.60
53 (234) Sunrise Drive north and south side 0.55
53 (235) Gregory Lane north, south, east and west sides 0.55 53 (237) Oak Street north side from Yamanaka subdivision Phase 1 to Chestnut 0.11 53 (258) Chestnut Street north side from Oak Street to Sellars Ave 0.18 53 (261) East side of Sellers from Chestnut to the EBMUD canal 0.56 53 (265) Harvest Park north side from Guthrie Lane to Well#13 0.16 53 (266) Harvest Park north side from the church to the bowling alley 0.05 53 (282) Marsh Creek Road in front of John Marsh House 1.42 53 (290) Presidio Drive 0.36

12 City Attorney Approved Version 040821
# LOCATION/DESCRIPTION ACRES
53 (294) Sand Creek/Business Center 0.07
53 (304) Sand Creek Road north and south side from Brentwood Blvd to Milford Court 1.18 53 (305) Lone Tree Way/Highway 4 undercrossing soute side 0.28 53 (306) Highway 4 Pedestrian Bridge 1.62
53 (307) Sand Creek Road/Highway 4 undercrossing north side, south side, and medians 0.91 53 (308) San Jose Avenue/Highway 4 undercrossing north and south sides 0.79 53 (309) Balfour Road/Highway 4 undercrossing north side, south side, and median 0.72 53 (310) In front of 2340 Smith Road, median in front of school 0.01 TOTAL 29.66

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Rates Effective 01/01/2026

PUBLIC WORKS AREAS

PUBLIC WORKS AREAS
TOTAL

ACREAGE
TURF

ACREAGE

BEDDING

ACREAGE
WEED

ABATEMENT
ANNUAL
COST
Trees at Corporation Yard 119 Oak and Redwood trees around northwest perimeter of the Corp Yard 1.10 0.00 0.00 1.10 $1,500.19
Solid Waste Transfer Station (at Corporation Yard) 0.42 0.00 0.42 0.00 $2,966.02 Municipal Services Center Landscaping 0.25 0.15 0.10 0.00 $4,888.63 Zone 1.3 Reservoir - 2446 St. Regis Trees/irrigation on hillside surrounding the perimeter fence of water tank 0.60 0.00 0.60 0.00 $1,534.52
Zone 1 Pump Station - 3110 Empire Avenue Area and trees behind the shoulder and ditch line on Empire Avenue

0.13 0.00 0.13 0.00 $508.81
Zone 2.2 Pump Station - Home Depot
Trees surrounding perimeter fence

0.10 0.00 0.10 0.00 $443.34
Booster Pump Station 2.3 - 1290 Fairview Avenue
Trees/irrigation surrounding perimeter fence

0.09 0.00 0.09 0.00 $421.52
TOTALS 2.69 0.15 1.44 1.10 $12,263.03

14 City Attorney Approved Version 040821

RATES AND FEES FOR ADDITIONAL WORK

LABOR HOURLY RATE
Common Labor $60.00
Skilled Technician $90.00
Supervisor $95.00
Emergency / Off Hour Response $125.00
Other (describe):

APPLICABLE EQUIPMENT
Tractor with Implements (spreader, auger, aerator) $55.00 Spray Equipment $25.00
Dump Truck $70.00
Heavy Equipment $70.00
Slit Seeder $45.00
DIRECTED WORK RATES – WEED ABATEMENT
Per Acre Disking $550.00
Per Acre Rough Mowing $550.00
Per Acre Hand Work $1,600.00
Per Acre Herbicide $850.00

MATERIAL MARKUP OVER WHOLESALE
Material Markup Over Wholesale 20%

CITY COUNCIL AGENDA ITEM NO. H.6
12/09/2025
SUBJECT: Wastewater Treatment Plant Expansion Cost Update and SB 1383 Compliance Alternatives Discussion
DEPARTMENT: Public Works
STAFF: Casey Wichert, Director of Public Works
Mark Huber, Wastewater Operations Manager

TITLE/RECOMMENDATION
Receive an update discussing the cost increases associated with the Wastewater Treatment Plant Expansion – Phase II project (“Project”), and discuss SB 1383 compliance options related to wastewater biosolids.

FISCAL IMPACT
There are no costs associated with this report. If after receiving this report, the City Council wishes to continue moving forward with the installation of the biosolids pyrolysis system portion of the Project, approximately $28.6M in additional funding would be required, and staff would return with more details related to how such funding would be secured, with the likely option being a bond. The additional funding, or loan repayments, would be split approximately 52% Wastewater Enterprise funds and 48% Wastewater Development Impact Fees.

BACKGROUND
The adopted Capital Improvement Program describes the Wastewater Treatment Plant Expansion – Phase II project as follows:

The existing 5 MGD [million gallons per day] tertiary treatment facility was planned and constructed to accommodate future expansions. The Phase II Expansion is designed to treat 6.4 MGD flow based on 69 GPD [gallons per day] per capita, which will service the final buildout population per the current General Plan, and accommodate planned and approved development of the City. The project includes the addition of one diffused aeration basin and one secondary clarifier, retrofit of existing oxidation ditches, converting chlorine contact facilities to free chlorine disinfection, solids dryer and pyrolysis system, Electrical Distribution System Upgrade and related appurtenances. This project is

CITY COUNCIL AGENDA ITEM NO. H.6
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necessary to keep the City in compliance with more stringent discharge requirements.

This Project is necessary to ensure the City can accommodate the growth contemplated in the current General Plan. The Wastewater Treatment Plant (WWTP) is currently at 82% of its permitted capacity. Expanding the WWTP capacity from 5 million gallons per day (mgd) to 6.4 mgd provides sufficient capacity to accommodate a population of 92,336, which represents full build-out of the City as contemplated in the General Plan.

Pre-Construction Cost Estimates
The Project first showed up in the Capital Improvement Program (“CIP”) in FY 03/04.

At the time, the City was growing rapidly and it was anticipated that the WWTP would need to expand beginning as early as 2007. When the economy slowed down due to the housing market crash in 2007, plans for the Project were put on hold.

Development eventually picked up again, and in FY 14/15, staff added the Project to the CIP. At that time there were no data or projections to base this cost on other than the 2000-2003 WWTP construction cost, which was $39.3M. Adjusting for inflation, and assuming a 2.5 mgd capacity increase, staff arrived at $28M as a budgetary estimate.

In late 2015, the City Council approved a contract with Woodard & Curran (formerly RMC Water and Environment Engineers), for $4.6M to design the Project and design work began in early 2016. Early in 2016, the Project engineer notified staff that the initial cost estimate was likely too low. Consequently, during the FY 16/17 CIP budget adoption, the Project budget was increased to $40M.

In February 2017, the City received the engineer’s 30% design level estimated Project cost. The 30% estimate anticipated the Project costs to be $46.8M for construction, $2.3M for change orders, $3.9M for construction management, $4.6M for engineering design services, and $0.3M for CEQA work, for a total Project cost of $58M.

By September 2017, the Project reached the 90% design level, and the Project engineer’s estimated Project cost had increased to $62.4M, so the FY 18/19 CIP budget was increased again. State Revolving Fund (“SRF”) loan funding was not finalized until 2019, and although the design was complete, the Project could not begin, so the estimated Project cost continued to increase with inflation.

In early 2020, the City solicited bids for just the construction portion of the Project.

The Project scope included both a capacity increase component, and a biosolids system upgrade component. However, bidding instructions required contractors to submit the costs for the capacity increase portion of the work as the base bid, and

CITY COUNCIL AGENDA ITEM NO. H.6
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the costs for the biosolids system upgrade separately as a bid alternate. Bids were received in May 2020, with costs ranging from a low of $67.5M to a high of $73.6M.

The table below shows the breakdown for the capacity increase and biosolids upgrade portions of the Project.

C. Overaa & Co. Western Water Flatiron West
Capacity Increase $44.5M $51.6M $52.2M
Biosolids Upgrade $23.0M $19.5M $21.4M
Total Construction Cost $67.5M $71.1M $73.6M
The construction bids were significantly higher than the Project engineer’s estimate.

As shown in the following table, when factoring in the additional costs of engineering, construction management, and change orders, the total Project cost surpassed the authorized FY 20/21 CIP Project budget of $70.1M.

C. Overaa & Co.

Construction $67.5M
Change Orders $6.8M
Construction Management $5.1M
Engineering Design and
Services During Construction $6.7M
CEQA $0.2M
Total Project Cost $86.3M
Due to the increased Project cost, the Project was essentially divided into separate parts. In order to move forward with the capacity increase portion of the Project, and stay within the approved CIP budget, the biosolids upgrade portion was postponed. In addition, staff needed time to evaluate a new technology for the biosolids upgrade portion of the work. For these reasons, staff recommended the City Council award the base bid, which covered only the capacity increase portion of the work, but decline to award the bid-alternate biosolids system upgrade work.

WWTP Capacity Expansion
On June 23, 2020, the City Council approved a construction contract with C. Overaa & Co. for $49M (including 10% contingency). The Council also approved a $5.1M contract with PSOMAS for construction management services of the Project in June 2020, and in July 2020, Council also approved a $2.1M amendment to the contract with Woodard & Curran for engineering design services during construction.

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Actual construction for the capacity increase portion of the Project began in July 2020, and was anticipated to take 30 months. There were several complications early on in the Project, mostly centered around design issues related to a new 21,000 volt PG&E service, and labor and supply chain issues related to COVID-19.

These delays resulted in two change orders for the capacity increase portion of the Project. In November 2023, the City Council approved a $1.7M contract amendment with PSOMAS for additional construction management services in order to keep the construction management team engaged on the Project throughout the delays. In October 2025, the City Council directed staff to bring back a contract amendment with C. Overaa in the amount of $1.5M to fund the work remaining to complete the capacity increase portion of the Project.

This portion of the Project is approximately 95% complete, pending a new 21,000 volt PG&E service connection and start-up, and commissioning of several new systems that are waiting on PG&E power to be available. When this work is completed (currently anticipated to be done in spring 2026), the WWTP will have sufficient capacity to service the estimated build-out population projected in the current General Plan. No additional capacity increase will be needed unless the General Plan changes or the City’s population exceeds anticipated projections.

Biosolids System Upgrade
In addition to treated wastewater, another product of the wastewater treatment process is biosolids. These are nutrient-rich, semi-solid materials left over from the wastewater treatment process of separating solids from liquid sewage. This leftover material is then stabilized through digestion, composting, or drying, yielding varying classes of biosolids.

The biosolids system upgrade portion of the Project is necessary to meet the requirements of SB 1383 for biosolids disposal. The existing WWTP biosolids process was specifically designed around the assumption that landfill disposal would remain a readily available, long-term and cost-effective method for biosolids disposal. As a result, the biosolids produced by this existing process do not currently meet the criteria required for any other disposal options.

Historically, WWTP’s in California have disposed of biosolids in one of two ways: they are used as daily cover for garbage at landfills, or they are spread on farmland as fertilizer. The choice to land apply as fertilizer, or take biosolids to a landfill depends on several factors including: the treatment level of the biosolids, the availability of farmland and various crop types, and the proximity to landfills. Regardless of the disposal method, the most important factor is the treatment level of the biosolids.

CITY COUNCIL AGENDA ITEM NO. H.6
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Prior to the passage of SB 1383, all biosolids were eligible for landfill disposal, but only certain biosolids were eligible for land application as fertilizer. In order to land apply biosolids for use as fertilizer, WWTP’s have to meet strict U.S. Environmental Protection Agency (“EPA”) requirements (codified at 40 CFR part 503), which were adopted in 1993 to set rules for biosolids disposal. The regulations established specific criteria that had to be met for various disposal options, and resulted in four distinct biosolids classifications: Unclassified, Class B, Class A, or Exceptional Quality (“EQ”).

Prior to SB 1383, roughly 30% of WWTP’s in California disposed of biosolids in landfills, while 70% produced Class B or A biosolids that meet the requirements for various land application. The City currently produces Unclassified biosolids, which are not eligible for land application, and can only be taken to a landfill.

ANALYSIS
In determining the best manner in which to complete the biosolids portion of the Project, three factors have driven staff’s work: (A) the most efficient and costeffective biosolids disposal options to comply with SB 1383, (B) compliance with anticipated future regulation of Per– and Poly– Fluorylalkyl Substances (“PFAS”), and (C) costs already expended. An analysis of each follows.

A. Biosolids Disposal Options
Staff identified five options that comply with SB 1383 requirements. The options are discussed below and include the following:

1. Haul liquid biosolids to another local WWTP for processing.

2. Haul dewatered biosolids to another local WWTP for processing, or an out of state landfill.

3. Install an anaerobic digester to meet land application requirements for biosolids to be used as fertilizer.

4. Install a thermal dryer.

5. Install a pyrolysis system.

The first two options would allow the City to use the existing biosolids process, and would not require the addition of a new treatment process, or the high capital cost associated with it.

1. Haul Liquid Biosolids
Biosolids can be hauled in liquid form to another local agency for processing and treatment. Hauling biosolids in liquid form is inefficient and would require the City

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to find another local agency that 1) is willing to accept and process the liquid biosolids, 2) has available digester capacity to process the biosolids, and 3) has existing biosolids disposal options that comply with SB 1383. Finding another agency that meets these criteria is unlikely. To make it less likely, there is no additional benefit to another agency to take additional biosolids, so they would likely charge a premium for this service. Assuming there is another agency that meets this criteria, the estimated cost would exceed $6M per year in order to pay for the 10,000 truckloads the City would generate annually if biosolids were hauled in liquid form. Additionally, the City would likely need to increase Pavement Management Program funding to deal with the additional wear and tear on local roads the additional truck traffic would cause.

2. Haul Dewatered Biosolids
Hauling biosolids in solid form is significantly more efficient as it reduces the number of trucks required from 10,000 to less than 400 annually, which greatly reduces the associated hauling costs. However, there is only one facility in California capable of accepting unclassified biosolids, and the cost of disposal there is four times the existing landfill disposal cost. Outside of that facility, the dewatered biosolids would have to be hauled to an out of state landfill. Between the disposal fees at the California facility that accepts unclassified biosolids, and the trucking costs to go out of state, these options pencil out roughly the same at $2M per year. In addition to the cost, any future ban on biosolids to landfills in other states would make this option untenable.

The three remaining options to comply with SB 1383 involve installing a new treatment process that would produce Class B, A, or EQ biosolids. Those options include installing an anaerobic digester, a thermal dryer, or a pyrolysis system. Each of these options have high capital costs, and two of them add significant annual operating costs.

3. Install an Anaerobic Digester
Installing a digester would produce Class B biosolids and allow for land application of biosolids. In order to land apply the biosolids as fertilizer the City would have to find a farmer willing to accept the biosolids for use as fertilizer. That can be problematic with Class B biosolids as this class is considered the minimally accepted treatment level for biosolids and not all crops are eligible to be grown on land where Class B biosolids are applied. Class B biosolids are used as fertilizer for crops like alfalfa or wheat that are used as livestock feed. Crops that are used for human consumption like tomatoes, onions, etc., require Class A or EQ biosolids.