Agenda packet — Buena Park City Council, February 25, 2025 (part 1 of 2)

MAYOR JOYCE AHN

VICE MAYOR CONNOR TRAUT

COUNCIL MEMBER CARLOS FRANCO

COUNCIL MEMBER LAMIYA HOQUE

COUNCIL MEMBER SUSAN SONNE
Tuesday, February 25, 2025, 5:00 PM

COUNCIL CHAMBER
6650 Beach Boulevard
Buena Park, CA 90621

BUENA PARK CITY COUNCILREGULAR MEETING AGENDA
5:00 p.m.PUBLIC HEARINGS AT 6:00 P.M.

1. GENERAL
1A. CALL TO ORDER
1B. ROLL CALL
1C. INVOCATION
— Jonathan Lee, Buena Park Police Department Chaplain
1D. PLEDGE OF ALLEGIANCE
— WINGS Afterschool Program
1E. CITY MANAGER REPORT
— Aaron France, City Manager

2. PRESENTATIONS
2A. WINGS AFTER SCHOOL PROGRAM MUSICAL PRESENTATION
2B. PRESENTATION HONORING LINDA AND MIKE WEINSTOCK AS THE 2025 AMERICANA CITIZENS

OF THE YEAR FOR BUENA PARK
— Presented by Howard Kummerman, Executive Director, Cypress College Foundation

3. ORAL COMMUNICATIONS
3A. ORAL COMMUNICATIONS
This is the portion of the meeting set aside to invite public comments regarding any item on the Regular Meeting Agenda only. Public comments are limited to no more than three minutes each.

Those wishing to speak in-person are asked to add your information at the digital public kiosk located at the entrance of the Council Chamber.

4. CONSENT CALENDAR
The items listed under the Council Consent Calendar are considered routine business and will be voted on together by one motion unless a Council Member requests separate action. At this time the City Council or public may ask to speak on any item on the Consent Calendar. 4A. APPROVAL OF MINUTES
— Recommended Action: Approve the Minutes of the Special and Regular City Council Meeting of January 28, 2025, and Special and Regular City Council Meeting of February 11, 2025. 4B. RESOLUTIONS APPROVING CLAIMS AND DEMANDS
— Recommended Action: Adopt Resolutions approving the Claims and Demands. 4C. TREASURER'S REPORT FOR THE MONTH OF JANUARY 2025
— Recommended Action: Receive and file the reports.
4D. FINAL PAYMENT TO THE WATER HEATER WAREHOUSE, LLC FOR THE WATER HEATER

REPLACEMENTS AT VARIOUS FACILITIES PROJECT
— Recommended Action: 1) Accept the project as complete and approve a final payment to Water Heater Warehouse, LLC in the amount of $2,812; and 2) Direct the Public Works Department to file a Notice of Completion.
4E. LICENSE AGREEMENT WITH ENVIRONMENTAL SYSTEMS RESEARCH INSTITUTE, INC. (ESRI) FOR

GEOGRAPHIC INFORMATION SYSTEM (GIS) SERVICES
— Recommended Action: 1) Dispense with competitive bidding pursuant to Buena Park Municipal Code Sections 3.28.080 (C) and 3.28.080 (H) for the proposed services; 2) Approve an agreement with ESRI in the amount of $201,000 for GIS services; 3) Authorize the City Manager and City Attorney to make any necessary, non-monetary changes to the agreement; and 4) Authorize the City Manager and City Clerk to execute the agreement. 4F. RESOLUTION APPROVING THE CITY OF BUENA PARK STATEMENT OF INVESTMENT POLICY DATED FEBRUARY 25, 2025
— Recommended Action: 1) Adopt a resolution approving the City of Buena Park Statement of Investment Policy dated February 25, 2025.
4G. ANNUAL COMPREHENSIVE FINANCIAL REPORT (ACFR) FOR THE YEAR ENDED JUNE 30, 2024 — Recommended Action: 1) Receive and file the Annual Comprehensive Financial Report (ACFR) for the year ended June 3024.

5. NEW BUSINESS
5A. MEMORANDUM OF UNDERSTANDING (MOU) BETWEEN THE CITY OF BUENA PARK AND

KUKKIWON CALIFORNIA, LLC TO PROMOTE MUTUAL UNDERSTANDING AND COOPERATION IN

SPREADING TAEKWONDO CULTURE AND BRINGING COMMUNITY AND ECONOMIC DEVELOPMENT TO

THE BUENA PARK COMMUNITY
— Recommended Action: 1) Adopt a Memorandum of Understanding (MOU) between the City of Buena Park and Kukkiwon California Branch, LLC to promote mutual understanding and cooperation in spreading Taekwondo culture and bringing community and economic development to the Buena Park community; 2) Authorize the City Manager and City Attorney to make any necessary, non-monetary changes to the agreement; and 3) Authorize the Mayor and City Clerk to execute the agreement.

6. PUBLIC HEARING
There are no Public Hearing items.

7. COUNCIL MEMBER ANNOUNCEMENTS, CONFERENCE REPORTS AND CALENDAR REQUESTS 7A. COUNCIL MEMBER ANNOUNCEMENTS, CONFERENCE REPORTS AND CALENDAR REQUESTS

8. RECESS
8A. RECESS

9. STUDY SESSION
9A. DISCUSS AND PROVIDE DIRECTION REGARDING THE CITY'S MID-YEAR BUDGET 9B. DESIGNATE A COUNCIL MEMBER AS THE CITY'S VOTING DELEGATE AND ALTERNATE VOTING DELEGATE FOR THE SOUTHERN CALIFORNIA ASSOCIATION OF GOVERNMENTS (SCAG) 2025

GENERAL ASSEMBLY BUSINESS SESSION

10. CITY MANAGER REPORT
10A. CITY MANAGER REPORT

11. COMMISSION & COMMITTEE UPDATES
11A. COMMISSION & COMMITTEE UPDATES

12. ADJOURNMENT
This agenda contains a brief general description of each item to be considered. Supporting documents are available for review and copying at City Hall or at www.buenapark.com. Supplementary materials distributed to the City Council less than 72 hours before the meeting are posted to the City’s website at www.buenapark.com and copies are available for public inspection beginning the next regular business day in the City Clerk’s Office. Video streaming of the meeting is available on the City’s website. This governing body is prohibited from discussing or taking action on any item which is not included in this agenda; however, may ask clarifying questions, ask staff to follow-up, or provide other direction. The order of business as it appears on this agenda may be modified by the governing body.

In compliance with the Americans with Disabilities Act, if you need accommodations to participate in this meeting, contact the City Clerk’s Oﬃce at (714) 562-3750 or the California Relay Service at 711. Notiﬁcation at least 48 hours prior to the meeting will enable the City to make arrangements to assure accessibility.

If you would like to participate in any matter of business on the agenda and would like translation in Korean or Spanish please contact the City Clerk’s Oﬃce at (714) 562-3750 48-hours prior to the meeting. Residents requiring translation during Oral Communications are encouraged to bring interpreters.
시의제 목록에 있는 정식 안건에 대해 의견을 발표하고 싶으신 경우, 중국어, 한국어, 스패니쉬, 타갈로에 대한 통역사가 필요하시면 시미팅 48시간전 시서기 오피스로 (714-562-3750) 연락하시면 됩니다. 정식안건이 아닌 주민 발언시간에 발표하실 경우, 본인의 통역사를 직접 모시 고 오시면 감사하겠습니다.

Si le gustaría participar en audiencia pública o cualquier asunto de negocios programado en la agenda y necesita traducción en chino, coreano, español, tagalo o vietnamita, comuníquese con la Oﬁcina del Secretario de la Ciudad, 48 horas antes de la reunión al (714) 562- 3750. Para participar en los comentarios públicos sobre cualquier otro asunto dentro de la jurisdicción del ayuntamiento, se les recomienda que traiga un intérprete.

I, Adria M. Jimenez, MMC, City of Buena Park, do hereby certify, under penalty of perjury under the laws of the State of California that a full and correct copy of this agenda was posted pursuant to Government Code Section 54950 et. seq., at Buena Park City Hall, 6650 Beach Blvd., and uploaded to the City of Buena Park website www.buenapark.com.

Adria M. Jimenez, MMC
Director of Government and Community Relations
City Clerk
Date Posted: February 20, 2025
City of Buena Park
City Council Regular Meeting Agenda Report
A. APPROVAL OF MINUTES
Meeting
Tuesday, February 25, 2025, 5:00 PM
Agenda Group
CONSENT CALENDAR Item: 4A.

Presented By
Anna Almquist, Assistant City Clerk
Prepared By
Adria Jimenez, City Clerk
Approved By
Aaron France, City Manager
Presented By
Adria Jimenez, City Clerk

RECOMMENDED ACTION
Approve the Minutes of the Special and Regular City Council Meeting of January 28, 2025, and Special and Regular City Council Meeting of February 11, 2025.

Attachments
Minutes to be provided.pdf

MINUTES OF CITY COUNCIL MEETING

OF THE CITY OF BUENA PARK

Special and Regular City Council Meetings of January 28, 2025, and February 11, 2025.

(TO BE PROVIDED)
City of Buena Park
City Council Regular Meeting Agenda Report
B. RESOLUTIONS APPROVING CLAIMS AND DEMANDS
Meeting
Tuesday, February 25, 2025, 5:00 PM
Agenda Group
CONSENT CALENDAR Item: 4B.

Presented By
Sung Hyun, Director of Finance
Prepared By
Sung Hyun, Director of Finance
Approved By
Aaron France, City Manager
Presented By
Sung Hyun, Director of Finance

RECOMMENDED ACTION
Adopt Resolutions approving the Claims and Demands.

Attachments
Claims 429044-429239 reso.pdf
Claims 429044-429239 att1of2 resolist.pdf
Claims 429044-429239 att2of2 voids.pdf
Claims PR013025 retiree reso.pdf
Claims PR013025 retiree att1of1 resolist.pdf
Claims PR020725 reso.pdf
Claims PR020725 att1of1 resolist.pdf

RESOLUTION NO ______,

RESOLUTION OF THE CITY COUNCIL OF THE CITY OF BUENA

PARK, CALIFORNIA, ALLOWING CERTAIN CLAIMS AND
DEMANDS IN THE SUM OF $1,648,065.36 DEMAND NOS.,
429044 THROUGH 429239 CANCELLED NOS 428083, 428232,
AND 428239 VOIDS SEE ATTACHED LIST

NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF BUENA

PARK DOES HEREBY RESOLVE, DETERMINE AND ORDER AS
FOLLOWS:

SECTION 1: That in accordance with Section 37202 of the Government Code, the Director of Finance or his designated representative hereby certify to the accuracy of the following demands and to the availability of funds for payment thereof.

_____________________________
Director of Finance

SECTION 2: That claims and demands Nos.429044 through 429239 the sum of $1,648,065.36 set forth on the 17-page register attached to this resolution and made a part hereof have been audited as required by law and are hereby allowed as set forth.

PASSED AND ADOPTED this _____ day of _______________ 2025 by the following called vote:

AYES:

NOES:

ABSENT:

ABSTAIN:

______________________________
Mayor

ATTEST:

___________________________
City Clerk

RESOLUTION NO. _______

Page 2 ends

I hereby certify that the foregoing Resolution was duly and regularly passed and adopted at a regular meeting of the City Council of the City of Buena Park held this _____ day of _______________ 2025

_______________________________
City Clerk

SUNGARD PUBLIC SECTOR PAGE NUMBER: 1 DATE: 02/12/2025 CITY OF BUENA PARK ACCTPA21 TIME: 18:48:10 CHECK REGISTER - DISBURSEMENT FUND SELECTION CRITERIA: transact.trans_date between '20250130 00:00:00.000' and '20250212 00:00:00.000' ACCOUNTING PERIOD: 8/25
FUND - 11 - GENERAL FUND

CASH ACCT CHECK NO ISSUE DT VENDOR NAME ACTIVITY -----DESCRIPTION------ SALES TAX AMOUNT 1011 428083 V 12/04/24 10008522 CORY BOUDREAU 650302 REIMB PKING FEE/NOV24 0.00 -36.00 1011 428232 V 12/04/24 10013691 LOTUS THAI 731105 REFRESHMENTS/NOV-24 0.00 -27.99 1011 428232 V 12/04/24 10013691 LOTUS THAI 731105 REFRESHMENTS/NOV-24 0.00 -27.99 1011 428232 V 12/04/24 10013691 LOTUS THAI 731105 REIMB/COB/GOB/SUPPLY 0.00 -34.00 1011 428232 V 12/04/24 10013691 LOTUS THAI 731105 REIMB/COP/GOB/SUPPLY 0.00 -35.98 1011 428232 V 12/04/24 10013691 LOTUS THAI 731105 REIMB COP/GOB/SUPPLY 0.00 -35.98 TOTAL CHECK 0.00 -161.94 1011 429044 02/12/25 10005077 JAVIER GOMEZ 731150 CFORMS/WEB APP/FEB25 0.00 400.00 1011 429046 02/12/25 10003794 A T & T 860810 9391026103 JAN-25 0.00 100.21 1011 429046 02/12/25 10003794 A T & T 170670 9391026098 JAN-25 0.00 181.41 1011 429046 02/12/25 10003794 A T & T 732099 9391026101 JAN-25 0.00 272.89 1011 429046 02/12/25 10003794 A T & T 650302 9391026099 JAN-25 0.00 31.53 1011 429046 02/12/25 10003794 A T & T 650302 9391026065 JAN-25 0.00 31.53 1011 429046 02/12/25 10003794 A T & T 650302 9391026066 JAN-25 0.00 31.53 1011 429046 02/12/25 10003794 A T & T 650302 9391026054 JAN-25 0.00 32.86 1011 429046 02/12/25 10003794 A T & T 650302 9391026075 JAN-25 0.00 38.86 1011 429046 02/12/25 10003794 A T & T 650302 9391050275 JAN-25 0.00 61.51 1011 429046 02/12/25 10003794 A T & T 650302 9391026090 JAN-25 0.00 91.48 1011 429046 02/12/25 10003794 A T & T 170670 9391026060 JAN-25 0.00 31.73 1011 429046 02/12/25 10003794 A T & T 170670 9391026097 JAN-25 0.00 31.73 1011 429046 02/12/25 10003794 A T & T 170670 9391026062 JAN-25 0.00 61.91 1011 429046 02/12/25 10003794 A T & T 170670 9391026083 JAN-25 0.00 204.99 1011 429046 02/12/25 10003794 A T & T 650302 9391026090 JAN-25 0.00 95.56 1011 429046 02/12/25 10003794 A T & T 650302 9391026064 JAN-25 0.00 121.45 1011 429046 02/12/25 10003794 A T & T 650302 9391031460 JAN-25 0.00 174.69 1011 429046 02/12/25 10003794 A T & T 650302 9391031455 JAN-25 0.00 207.90 1011 429046 02/12/25 10003794 A T & T 650302 9391026092 JAN-25 0.00 211.51 1011 429046 02/12/25 10003794 A T & T 650302 9391026074 JAN-25 0.00 373.04 1011 429046 02/12/25 10003794 A T & T 650302 9391063673 JAN-25 0.00 1,216.40 1011 429046 02/12/25 10003794 A T & T 650302 9391065061 JAN-25 0.00 1,258.79 1011 429046 02/12/25 10003794 A T & T 170670 9391026093 JAN-25 0.00 31.53 1011 429046 02/12/25 10003794 A T & T 170670 9391026102 JAN-25 0.00 31.53 1011 429046 02/12/25 10003794 A T & T 170670 9391026052 JAN-25 0.00 31.53 1011 429046 02/12/25 10003794 A T & T 170670 9391026086 JAN-25 0.00 36.69 1011 429046 02/12/25 10003794 A T & T 170670 9391026096 JAN-25 0.00 61.51 1011 429046 02/12/25 10003794 A T & T 170670 9391026087 JAN-25 0.00 91.48 1011 429046 02/12/25 10003794 A T & T 170670 9391026091 JAN-25 0.00 91.48 1011 429046 02/12/25 10003794 A T & T 170670 9391031461 JAN-25 0.00 30.98 1011 429046 02/12/25 10003794 A T & T 170670 9391054287 JAN-25 0.00 71.76 TOTAL CHECK 0.00 5,342.00 1011 429047 02/12/25 10011990 AARDVARK 650407 #P7Q-TRV-MR3A - PROJEC 321.64 4,471.64 1011 429047 02/12/25 10011990 AARDVARK 650407 #P7Q-ACC-UA-MR3A - PRO 37.97 527.97 1011 429047 02/12/25 10011990 AARDVARK 650407 #P7-RP-3++-ICW-LW-LG - 120.90 1,680.90 1011 429047 02/12/25 10011990 AARDVARK 650407 #P7Q-IDPSET - PROJECT 9.30 129.30 1011 429047 02/12/25 10011990 AARDVARK 650407 #P7-PS-LT-SET-OF-5-MC 25.18 350.18 1011 429047 02/12/25 10011990 AARDVARK 650407 FREIGHT, NON-TAXABLE 0.00 60.00 TOTAL CHECK 514.99 7,219.99 SUNGARD PUBLIC SECTOR PAGE NUMBER: 2 DATE: 02/12/2025 CITY OF BUENA PARK ACCTPA21 TIME: 18:48:10 CHECK REGISTER - DISBURSEMENT FUND SELECTION CRITERIA: transact.trans_date between '20250130 00:00:00.000' and '20250212 00:00:00.000' ACCOUNTING PERIOD: 8/25
FUND - 11 - GENERAL FUND

CASH ACCT CHECK NO ISSUE DT VENDOR NAME ACTIVITY -----DESCRIPTION------ SALES TAX AMOUNT 1011 429048 02/12/25 10002292 ACTIVE NETWORK, LLC 275405 4 CARD READERS 0.00 2,088.20 1011 429049 02/12/25 10014088 ADOLPH GARCIA & RACHEL A 731125 REF PROCESS FEE,RHI 0.00 77.25 1011 429050 02/12/25 00003929 AFLAC 73 JAN-25 CHARGES 0.00 5,808.18 1011 429051 02/12/25 00005342 AGA ENGINEERS, INC. 590188 DESIGN SVC/DEC-24 0.00 3,941.16 1011 429052 02/12/25 10012896 AGILE OCCUPATIONAL MEDIC 121110 2ND HEP B VAC/JAN-25 0.00 90.00 1011 429052 02/12/25 10012896 AGILE OCCUPATIONAL MEDIC 121110 HEP B VAC/PHYS/JAN25 0.00 415.00 TOTAL CHECK 0.00 505.00 1011 429053 02/12/25 10002513 DARSHINI AITHAL 275120 WATERCOLOR PAINTING 0.00 159.60 1011 429054 02/12/25 10003198 ALL CITY MANAGEMENT SERV 550502 CRS GUARD 1/5-18/25 0.00 11,426.81 1011 429055 02/12/25 10013705 ALL PRO BEVERAGE, INC. 170670 5-LB.COFFEE BAG/JAN25 0.00 178.36 1011 429056 02/12/25 10013453 ALTA LANGUAGE SERVICES I 121110 LISTEN/SPEAK/TEST/IVR 0.00 58.00 1011 429057 02/12/25 10007352 ALVAREZ-GLASMAN & COLVIN 110105 MO RETAINER/OCT-24 0.00 22,500.00 1011 429057 02/12/25 10007352 ALVAREZ-GLASMAN & COLVIN 110105 NSPA MOU EXCESS/OCT24 0.00 21.00 1011 429057 02/12/25 10007352 ALVAREZ-GLASMAN & COLVIN 110105 ALOFT EXCESS/OCT-24 0.00 42.00 1011 429057 02/12/25 10007352 ALVAREZ-GLASMAN & COLVIN 110105 BUTTERFLY#2/OCT-24 0.00 548.35 1011 429057 02/12/25 10007352 ALVAREZ-GLASMAN & COLVIN 110105 GEN LAW COSTS/OCT-24 0.00 729.74 1011 429057 02/12/25 10007352 ALVAREZ-GLASMAN & COLVIN 110105 EXCESS HRS/OCT-24 0.00 945.00 1011 429057 02/12/25 10007352 ALVAREZ-GLASMAN & COLVIN 110105 BUTTERFLY#2/OCT-24 0.00 1,176.00 TOTAL CHECK 0.00 25,962.09 1011 429058 02/12/25 10009316 AMOBIUS GROUP INC 115120 3 MOS VARIBOOKS 0.00 150.00 1011 429059 02/12/25 00005384 ANDY GUMP, INC 860810 ADA RESTROOMS 0.00 60.50 1011 429059 02/12/25 00005384 ANDY GUMP, INC 860810 RESTROOM SERVICE 0.00 322.04 TOTAL CHECK 0.00 382.54 1011 429060 02/12/25 00009015 TAJEN GRAPHICS, INC 275145 TRACK BANNERS 0.00 905.10 1011 429060 02/12/25 00009015 TAJEN GRAPHICS, INC 275205 POSTERS ART SHOW 0.00 103.44 TOTAL CHECK 0.00 1,008.54 1011 429061 02/12/25 10003008 ARC DOCUMENT SOLUTIONS, 731150 SCAN BLDG PLANS/JAN25 0.00 1,402.91 1011 429062 02/12/25 10005463 RICARDO AYALA 53 PMT#1 RETENTION 0.00 -4,627.50 1011 429062 02/12/25 10005463 RICARDO AYALA 499920 SEWER/MANHOLE/JAN-25 0.00 92,550.00 1011 429062 02/12/25 10005463 RICARDO AYALA 490010 REPL MANHOLE COVER 0.00 2,500.00 1011 429062 02/12/25 10005463 RICARDO AYALA 490010 EMG.DRAIN REPAIRS 0.00 41,062.50 TOTAL CHECK 0.00 131,485.00 1011 429063 02/12/25 00006700 B L WALLACE DISTRIBUTOR 352363 METER BOXES 0.00 1,031.51 1011 429064 02/12/25 00003499 BARR & CLARK ENVIRONMENT 732031 LBP/MACARANAS 0.00 325.00 1011 429065 02/12/25 10006864 SELF INSURED SERVICES CO 73 JAN-25 DENTAL INVOICE 0.00 23,988.60 SUNGARD PUBLIC SECTOR PAGE NUMBER: 3 DATE: 02/12/2025 CITY OF BUENA PARK ACCTPA21 TIME: 18:48:10 CHECK REGISTER - DISBURSEMENT FUND SELECTION CRITERIA: transact.trans_date between '20250130 00:00:00.000' and '20250212 00:00:00.000' ACCOUNTING PERIOD: 8/25
FUND - 11 - GENERAL FUND

CASH ACCT CHECK NO ISSUE DT VENDOR NAME ACTIVITY -----DESCRIPTION------ SALES TAX AMOUNT 1011 429066 02/12/25 10013438 LOLITA BERONA 107420 GEN CLAIM STLMT#24-31 0.00 525.00 1011 429067 02/12/25 10007684 BEST LAWNMOWER, INC 860810 SUPPLIES 0.00 45.54 1011 429067 02/12/25 10007684 BEST LAWNMOWER, INC 560640 MOWER PARTS 0.00 41.07 TOTAL CHECK 0.00 86.61 1011 429068 02/12/25 10004950 BILL'S BODY WORKS 171710 BODY REPAIR 0.00 2,390.18 1011 429069 02/12/25 10014099 BLIZZARD AIR CONDITIONIN 126128 HIP202420 HANNA 0.00 11,000.00 1011 429070 02/12/25 10007653 BLUE TECH, INC. 650303 ADOBE ACROBAT PRO FOR 0.00 2,675.12 1011 429070 02/12/25 10007653 BLUE TECH, INC. 126143 ADOBE ACROBAT PRO FOR 0.00 5,726.02 TOTAL CHECK 0.00 8,401.14 1011 429071 02/12/25 10008522 CORY BOUDREAU 650302 REIMB PKING FEE/NOV24 0.00 36.00 1011 429072 02/12/25 00000011 MANHATTAN STITCHING COMP 275145 #K572 TRUE NAVY EMBROI 1.94 26.94 1011 429072 02/12/25 00000011 MANHATTAN STITCHING COMP 352363 #PC90ZH - FULL-ZIP HOO 2.71 37.71 1011 429072 02/12/25 00000011 MANHATTAN STITCHING COMP 560231 JST56 - BLACK - SIZE: 4.19 58.19 1011 429072 02/12/25 00000011 MANHATTAN STITCHING COMP 560231 UPCHARGE 3XL-1 0.00 4.00 1011 429072 02/12/25 00000011 MANHATTAN STITCHING COMP 560210 ST238 SPORT-TEK FLEEC 0.00 455.00 1011 429072 02/12/25 00000011 MANHATTAN STITCHING COMP 560210 ST238 SPORT-TEK FLEEC 0.00 41.00 1011 429072 02/12/25 00000011 MANHATTAN STITCHING COMP 560210 STC18 SPORT-TEK JERS 0.00 300.00 1011 429072 02/12/25 00000011 MANHATTAN STITCHING COMP 560210 UPSIZE CHARGES 0.00 8.00 1011 429072 02/12/25 00000011 MANHATTAN STITCHING COMP 560210 . 0.00 62.31 1011 429072 02/12/25 00000011 MANHATTAN STITCHING COMP 275145 YOUTH BASKETBALL SHIRT 319.30 4,439.30 1011 429072 02/12/25 00000011 MANHATTAN STITCHING COMP 560231 JST56 - BLACK - SIZE L 8.06 108.06 TOTAL CHECK 336.20 5,540.51 1011 429073 02/12/25 10002369 BRINK'S INCORPORATED 11 SERVICE/JAN-25 0.00 1,116.64 1011 429074 02/12/25 10013147 BRODMANN BROTHER'S, INC. 126128 HIP202415 CHEN 0.00 31,612.00 1011 429075 02/12/25 00000759 BUENA PARK PLAQUE & TROP 170670 NAME PLATES 0.00 45.26 1011 429075 02/12/25 00000759 BUENA PARK PLAQUE & TROP 170670 NAME PLATES 0.00 22.63 TOTAL CHECK 0.00 67.89 1011 429076 02/12/25 00008501 BUENA PARK SCHOOL DISTRI 275160 GYM USE/JUL-DEC24 0.00 13,965.29 1011 429077 02/12/25 10012193 JANE M. CAMERON 106132 FEB-25 CRIMEWATCH 0.00 200.00 1011 429078 02/12/25 00000407 CAMERON WELDING SUPPLY I 171710 PROPANE 0.00 284.06 1011 429078 02/12/25 00000407 CAMERON WELDING SUPPLY I 171710 INDUSTRIAL GASES 0.00 28.60 1011 429078 02/12/25 00000407 CAMERON WELDING SUPPLY I 171710 INDUSTRIAL GASES 0.00 258.00 TOTAL CHECK 0.00 570.66 1011 429079 02/12/25 10012650 ADAM CAMPIZTA 171710 REIMB/ANN. TOOLS 0.00 299.94 1011 429080 02/12/25 10011446 CAREERS IN GOVERNMENT,IN 121110 MBRSHIP FY25-26 0.00 5,500.00 1011 429081 02/12/25 10011902 CASC ENGINEERING & CONSU 731120 LAND USE ELEM/DEC-24 0.00 5,608.66 SUNGARD PUBLIC SECTOR PAGE NUMBER: 4 DATE: 02/12/2025 CITY OF BUENA PARK ACCTPA21 TIME: 18:48:10 CHECK REGISTER - DISBURSEMENT FUND SELECTION CRITERIA: transact.trans_date between '20250130 00:00:00.000' and '20250212 00:00:00.000' ACCOUNTING PERIOD: 8/25
FUND - 11 - GENERAL FUND

CASH ACCT CHECK NO ISSUE DT VENDOR NAME ACTIVITY -----DESCRIPTION------ SALES TAX AMOUNT 1011 429082 02/12/25 10012931 CHARTER COMMUNICATIONS 170670 188676301 FEB-25 0.00 316.56 1011 429083 02/12/25 10012931 CHARTER COMMUNICATIONS 170670 188676701 FEB-25 0.00 116.89 1011 429084 02/12/25 10013748 YONG CHOI 275120 I LOVE SUN DO TKO 0.00 101.08 1011 429085 02/12/25 10006450 COLONIAL LIFE 73 INSURANCE/JAN-25 0.00 554.62 1011 429086 02/12/25 10014092 CONNECT TRAVEL LLC 106117 CONNECT CONF 0.00 4,000.00 1011 429087 02/12/25 10011250 CONTROL AIR ENTERPRISES 106131 HVAC REPAIR 0.00 1,183.00 1011 429088 02/12/25 10002389 COUNTY OF ORANGE TREASUR 550502 SURCHG CITES/DEC-24 0.00 10,147.00 1011 429089 02/12/25 10002389 COUNTY OF ORANGE TREASUR 650302 ROUTER/JAN-25 0.00 1,129.32 1011 429090 02/12/25 10002389 COUNTY OF ORANGE TREASUR 650308 AFIS BILL/JAN-25 0.00 2,497.00 1011 429091 02/12/25 10002389 COUNTY OF ORANGE TREASUR 650404 MO. COMMUNICATE/SEP24 0.00 665.00 1011 429092 02/12/25 10014093 ELIZABETH COVARRUBIAS 11 REF/DEPOSIT RT#11613 0.00 500.00 1011 429093 02/12/25 10014094 JULIANA COX 875805 REF/DEPOSIT#RT11808 0.00 132.00 1011 429093 02/12/25 10014094 JULIANA COX 11 REF/DEPOSIT#RT11808 0.00 500.00 TOTAL CHECK 0.00 632.00 1011 429094 02/12/25 10011541 L.N. CURTIS AND SONS 650208 UNIFORMS 0.00 38.53 1011 429094 02/12/25 10011541 L.N. CURTIS AND SONS 650208 UNIFORMS 0.00 39.51 1011 429094 02/12/25 10011541 L.N. CURTIS AND SONS 650208 UNIFORMS 0.00 874.93 TOTAL CHECK 0.00 952.97 1011 429095 02/12/25 00005001 CYPRESS COLLEGE FOUNDATI 101101 BENEFACTOR 10 SEATS 0.00 3,500.00 1011 429095 02/12/25 00005001 CYPRESS COLLEGE FOUNDATI 101101 BENEFACTOR 10 SEATS 0.00 4,000.00 TOTAL CHECK 0.00 7,500.00 1011 429096 02/12/25 10014095 LORRAINE DANIEL 875805 REF DEPOSIT #R11796 0.00 120.00 1011 429096 02/12/25 10014095 LORRAINE DANIEL 11 REF DEPOSIT #R11796 0.00 500.00 TOTAL CHECK 0.00 620.00 1011 429097 02/12/25 10008395 DEVELOPMENT COUNSELLORS 995100 MO.RETAINER 0.00 3,183.33 1011 429098 02/12/25 10013833 DELORITO ENTERPRISES INC 560231 PRINT DECALS 0.00 80.81 1011 429099 02/12/25 10008875 THOMAS F. DONINI 275315 DJ SVC 1/4/25 0.00 400.00 1011 429100 02/12/25 10007127 CALLCASTER SERVICES CORP 731150 COPY 7051 EL VIENTO 0.00 112.28 1011 429101 02/12/25 10012764 EFFICIENT X-RAY, INC 650307 BIO HAZ WASTE 1/20/25 0.00 75.00 1011 429102 02/12/25 00009627 EMCOR SERVICE MESA ENERG 170670 HVAC PM 0.00 5,998.23 SUNGARD PUBLIC SECTOR PAGE NUMBER: 5 DATE: 02/12/2025 CITY OF BUENA PARK ACCTPA21 TIME: 18:48:10 CHECK REGISTER - DISBURSEMENT FUND SELECTION CRITERIA: transact.trans_date between '20250130 00:00:00.000' and '20250212 00:00:00.000' ACCOUNTING PERIOD: 8/25
FUND - 11 - GENERAL FUND

CASH ACCT CHECK NO ISSUE DT VENDOR NAME ACTIVITY -----DESCRIPTION------ SALES TAX AMOUNT 1011 429103 02/12/25 00000323 ENNIS-FLINT INC 560231 # 884088-BKF - TM LF Y 127.88 1,777.88 1011 429104 02/12/25 10008311 EVERETT DOREY, LLP 107420 MARION REYNOLDS 0.00 476.50 1011 429104 02/12/25 10008311 EVERETT DOREY, LLP 107420 LUIS ELICEA 0.00 556.29 1011 429104 02/12/25 10008311 EVERETT DOREY, LLP 107420 DANILE GUILLEN 0.00 766.00 TOTAL CHECK 0.00 1,798.79 1011 429105 02/12/25 00000739 ELLIOTT AUTO SUPPLY COMP 171710 STOCK ORDER 0.00 166.70 1011 429105 02/12/25 00000739 ELLIOTT AUTO SUPPLY COMP 171710 BRAKE PADS 0.00 76.93 1011 429105 02/12/25 00000739 ELLIOTT AUTO SUPPLY COMP 171710 BRAKE PADS 0.00 107.73 1011 429105 02/12/25 00000739 ELLIOTT AUTO SUPPLY COMP 171710 FILTERS, BRAKES 0.00 840.73 1011 429105 02/12/25 00000739 ELLIOTT AUTO SUPPLY COMP 171710 FILTERS 0.00 45.15 1011 429105 02/12/25 00000739 ELLIOTT AUTO SUPPLY COMP 171710 FILTER/PADS 0.00 83.38 1011 429105 02/12/25 00000739 ELLIOTT AUTO SUPPLY COMP 171710 SPARK PLUGS 0.00 88.02 TOTAL CHECK 0.00 1,408.64 1011 429106 02/12/25 10008558 BYRON FERGUSON 275135 YT OFFIC 1/25-2/1/25 0.00 1,280.00 1011 429107 02/12/25 10003190 FOOD 4 LESS 732044 HOMELESS OUTREACH 0.00 148.14 1011 429107 02/12/25 10003190 FOOD 4 LESS 275605 WINGS AFTERSCHOOL 0.00 14.23 TOTAL CHECK 0.00 162.37 1011 429108 02/12/25 00001095 FRANCHISE TAX BOARD 73 DED:0071 MISC 0.00 150.00 1011 429109 02/12/25 10002147 FUJITEC AMERICA, INC. 170670 ELEVATOR MAINT 0.00 464.58 1011 429109 02/12/25 10002147 FUJITEC AMERICA, INC. 170670 ELEVATOR REPAIR 0.00 2,350.00 TOTAL CHECK 0.00 2,814.58 1011 429110 02/12/25 00000046 FULLER ENGINEERING INC 352363 CL2 KNOTT WELL 0.00 162.16 1011 429110 02/12/25 00000046 FULLER ENGINEERING INC 352363 CL2 FREEWAY WELL 0.00 232.20 1011 429110 02/12/25 00000046 FULLER ENGINEERING INC 352363 CL2 HOLDER WELL 0.00 288.23 1011 429110 02/12/25 00000046 FULLER ENGINEERING INC 352363 CL2 CABALLERO WELL 0.00 596.40 TOTAL CHECK 0.00 1,278.99 1011 429111 02/12/25 00004593 FUN ON THE FARM, INC. 275120 HORSE FUN 0.00 199.50 1011 429112 02/12/25 00002166 GANAHL LUMBER CORP 170670 HARDWARE 0.00 10.85 1011 429112 02/12/25 00002166 GANAHL LUMBER CORP 352567 SD REPAIR 0.00 129.21 1011 429112 02/12/25 00002166 GANAHL LUMBER CORP 560231 SIGN SHOP SUPPLIES 0.00 89.41 1011 429112 02/12/25 00002166 GANAHL LUMBER CORP 170670 HARDWARE 0.00 193.87 1011 429112 02/12/25 00002166 GANAHL LUMBER CORP 352567 PARTS FOR REPAIR 0.00 25.84 1011 429112 02/12/25 00002166 GANAHL LUMBER CORP 352567 STORM DRAIN REPAIR 0.00 28.69 1011 429112 02/12/25 00002166 GANAHL LUMBER CORP 352567 STORM DRAIN REPAIR 0.00 199.28 1011 429112 02/12/25 00002166 GANAHL LUMBER CORP 170670 HARDWARE 0.00 283.22 TOTAL CHECK 0.00 960.37 1011 429113 02/12/25 10001832 GHD INC 11 7911 ORANGETHORPE 0.00 59.38 1011 429113 02/12/25 10001832 GHD INC 11 6245 AUTO CTR DRIVE 0.00 59.38 1011 429113 02/12/25 10001832 GHD INC 11 5742 BEACH BLVD 0.00 59.38 1011 429113 02/12/25 10001832 GHD INC 11 7861 BEACH BLVD 0.00 97.75 1011 429113 02/12/25 10001832 GHD INC 11 8150 LA PALMA 0.00 97.75 1011 429113 02/12/25 10001832 GHD INC 11 8030 DALE 0.00 157.13 SUNGARD PUBLIC SECTOR PAGE NUMBER: 6 DATE: 02/12/2025 CITY OF BUENA PARK ACCTPA21 TIME: 18:48:10 CHECK REGISTER - DISBURSEMENT FUND SELECTION CRITERIA: transact.trans_date between '20250130 00:00:00.000' and '20250212 00:00:00.000' ACCOUNTING PERIOD: 8/25
FUND - 11 - GENERAL FUND

CASH ACCT CHECK NO ISSUE DT VENDOR NAME ACTIVITY -----DESCRIPTION------ SALES TAX AMOUNT 1011 429113 02/12/25 10001832 GHD INC 11 6411 BEACH BLVD 0.00 161.00 1011 429113 02/12/25 10001832 GHD INC 11 7101 LINCOLN AVE 0.00 261.09 TOTAL CHECK 0.00 952.86 1011 429114 02/12/25 10008749 GOOGLE INC. 995100 MONTHLY ADS 0.00 6,010.42 1011 429115 02/12/25 10007358 GREEN ROCKET SECURITY IN 650303 SUP RENEWAL FY25-26 0.00 3,293.21 1011 429115 02/12/25 10007358 GREEN ROCKET SECURITY IN 126143 SUP RENEW FY 25-26 0.00 3,293.21 TOTAL CHECK 0.00 6,586.42 1011 429116 02/12/25 00005680 CINDY GRISWOLD 275405 CPR/1ST AID 0.00 152.95 1011 429117 02/12/25 00001106 HARRINGTON INDUSTRIAL PL 396855 #5990102N45 1000 GAL 313.03 4,352.23 1011 429117 02/12/25 00001106 HARRINGTON INDUSTRIAL PL 396855 WRAP-2 WRAP PROTECTIV 9.07 126.07 1011 429117 02/12/25 00001106 HARRINGTON INDUSTRIAL PL 396855 #34700753- 2" FITTING 54.77 761.57 1011 429117 02/12/25 00001106 HARRINGTON INDUSTRIAL PL 396855 #34700926 2" FLANGE A 7.83 108.83 1011 429117 02/12/25 00001106 HARRINGTON INDUSTRIAL PL 396855 #BFA2040CFS 4" ADAPTE 10.86 151.11 1011 429117 02/12/25 00001106 HARRINGTON INDUSTRIAL PL 396855 #VXEBC208 2" VALVE BA 21.34 290.08 1011 429117 02/12/25 00001106 HARRINGTON INDUSTRIAL PL 396855 SHIPPING FREIGHT 0.00 1,430.89 1011 429117 02/12/25 00001106 HARRINGTON INDUSTRIAL PL 352363 CL2 TANK VENT 0.00 1,252.81 1011 429117 02/12/25 00001106 HARRINGTON INDUSTRIAL PL 352363 CL2 TANK FITTINGS 0.00 1,681.48 TOTAL CHECK 416.90 10,155.07 1011 429118 02/12/25 10012288 HASA INC. 860820 CHEMICALS 0.00 1,071.18 1011 429119 02/12/25 10013321 KAYLEE HAWLEY 731105 SUSTAINABUDDIES 0.00 2,800.00 1011 429120 02/12/25 00000873 HDL COREN & CONE 997100 PROP TX JAN-MAR 2025 0.00 625.00 1011 429120 02/12/25 00000873 HDL COREN & CONE 126120 PROP TX JAN-MAR 2025 0.00 3,335.00 TOTAL CHECK 0.00 3,960.00 1011 429121 02/12/25 10011678 STUART ANDREW HENDRICKSO 275315 DJ SVC 02/12/25 0.00 300.00 1011 429122 02/12/25 10014100 DIONICIA HICKMAN 11 REF DEPOSIT RT#R11795 0.00 500.00 1011 429123 02/12/25 00002854 VERONICA HOCHEDE 275305 BALLROOM DNC 0.00 756.37 1011 429124 02/12/25 10013522 HOFFMEYER COMPANY, INC 352567 HOSE FOR VACCON 0.00 373.92 1011 429125 02/12/25 00000057 HOME DEPOT / GECF 352363 TRUCK STOCK 0.00 195.42 1011 429125 02/12/25 00000057 HOME DEPOT / GECF 632110 MAINT AND REPAIRS 0.00 29.00 1011 429125 02/12/25 00000057 HOME DEPOT / GECF 352567 STORM DRAIN REPAIR 0.00 145.13 1011 429125 02/12/25 00000057 HOME DEPOT / GECF 352363 WATER FOR TRAINING 0.00 24.72 1011 429125 02/12/25 00000057 HOME DEPOT / GECF 560640 SUPPLIES 0.00 290.62 1011 429125 02/12/25 00000057 HOME DEPOT / GECF 352567 STORM DRAIN REPAIR 0.00 22.23 1011 429125 02/12/25 00000057 HOME DEPOT / GECF 860810 SUPPLIES 0.00 70.92 TOTAL CHECK 0.00 778.04 1011 429126 02/12/25 10009091 HUE C LUU 731150 ENG.SVCS/FEB-25 0.00 7,150.00 1011 429127 02/12/25 10008985 INDEPENDENT 731120 LEGAL NOTICE 0.00 240.00 1011 429127 02/12/25 10008985 INDEPENDENT 731120 LEGAL NOTICE 0.00 310.00 SUNGARD PUBLIC SECTOR PAGE NUMBER: 7 DATE: 02/12/2025 CITY OF BUENA PARK ACCTPA21 TIME: 18:48:10 CHECK REGISTER - DISBURSEMENT FUND SELECTION CRITERIA: transact.trans_date between '20250130 00:00:00.000' and '20250212 00:00:00.000' ACCOUNTING PERIOD: 8/25
FUND - 11 - GENERAL FUND

CASH ACCT CHECK NO ISSUE DT VENDOR NAME ACTIVITY -----DESCRIPTION------ SALES TAX AMOUNT 1011 429127 02/12/25 10008985 INDEPENDENT 732071 LEGAL NOTICE 0.00 120.00 TOTAL CHECK 0.00 670.00 1011 429128 02/12/25 10012742 INFOSEND, INC 352267 SVCS/MATERALS 0.00 1,760.28 1011 429128 02/12/25 10012742 INFOSEND, INC 352267 POSTAGE 0.00 5,735.60 1011 429128 02/12/25 10012742 INFOSEND, INC 731105 CAAP 2024 0.00 403.96 1011 429128 02/12/25 10012742 INFOSEND, INC 460220 2025 SCHOLARSHIP AD 0.00 721.35 TOTAL CHECK 0.00 8,621.19 1011 429129 02/12/25 10000774 INLAND VALLEY SLADDEN IN 590004 PAVE REHAB/AUG-24 0.00 11,500.00 1011 429129 02/12/25 10000774 INLAND VALLEY SLADDEN IN 590004 PAVE REHA FINAL/SEP24 0.00 7,500.00 TOTAL CHECK 0.00 19,000.00 1011 429130 02/12/25 10009556 INNOVATIVE DESIGN & SHEE 171710 PATROL CAR UPFITTING 0.00 22,550.99 1011 429130 02/12/25 10009556 INNOVATIVE DESIGN & SHEE 171710 UPFITTING OF POLICE UN 0.00 23,281.12 TOTAL CHECK 0.00 45,832.11 1011 429131 02/12/25 10006809 INTERNATIONAL COATINGS C 560231 # TP6101-5 - LINE-PRO 163.93 2,279.13 1011 429131 02/12/25 10006809 INTERNATIONAL COATINGS C 560231 #TP1401-5 - LINE-PRO 1 254.82 3,542.82 TOTAL CHECK 418.75 5,821.95 1011 429132 02/12/25 10014097 INTERNAT'L ASSOC.OF CHIE 650102 MBRSHIP GEYER 2025 0.00 220.00 1011 429133 02/12/25 00010018 JOSEPH M JACKSON 275120 STK MOVE/YOGA 0.00 207.48 1011 429133 02/12/25 00010018 JOSEPH M JACKSON 275405 STK MOVE/YOGA 0.00 184.87 TOTAL CHECK 0.00 392.35 1011 429134 02/12/25 10005932 JHM SUPPLY 860810 IRRIGATION 0.00 64.70 1011 429134 02/12/25 10005932 JHM SUPPLY 860810 IRRIGATION 0.00 336.42 1011 429134 02/12/25 10005932 JHM SUPPLY 860810 IRRIGATION 0.00 585.33 1011 429134 02/12/25 10005932 JHM SUPPLY 860810 IRRIGATION 0.00 896.24 1011 429134 02/12/25 10005932 JHM SUPPLY 352363 HAND WATER PUMP 0.00 23.54 1011 429134 02/12/25 10005932 JHM SUPPLY 860810 IRRIGATION 0.00 317.12 1011 429134 02/12/25 10005932 JHM SUPPLY 860810 IRRIGATION 0.00 640.68 TOTAL CHECK 0.00 2,864.03 1011 429135 02/12/25 00000042 JOHN B EWLES INC 560210 10 WHEEL DUMP 0.00 375.00 1011 429135 02/12/25 00000042 JOHN B EWLES INC 560210 10 WHEEL DUMP 0.00 375.00 TOTAL CHECK 0.00 750.00 1011 429136 02/12/25 10000717 KEYSER MARSTON ASSOC INC 998100 HSE REPORT SVC/DEC-24 0.00 3,736.25 1011 429137 02/12/25 10008716 KIMBERLY D. TURNER 650404 LEADERSHIP 3/11-14/25 0.00 1,249.00 1011 429137 02/12/25 10008716 KIMBERLY D. TURNER 650404 TRAMA EXPOS 2/5/25 0.00 175.00 1011 429137 02/12/25 10008716 KIMBERLY D. TURNER 650404 INTERPERSON 3/20/25 0.00 199.00 TOTAL CHECK 0.00 1,623.00 1011 429138 02/12/25 10003543 MOLLY H. KNOX 275305 EXERCISE/WINTER-25 0.00 236.25 1011 429139 02/12/25 10006304 SCOTT KVENBO 352363 REIMB/CERT GR.5 0.00 105.00 1011 429140 02/12/25 10007915 LANAIR GROUP, LLC 126143 0365 EXCHG/FEB-25 0.00 2,056.00 SUNGARD PUBLIC SECTOR PAGE NUMBER: 8 DATE: 02/12/2025 CITY OF BUENA PARK ACCTPA21 TIME: 18:48:10 CHECK REGISTER - DISBURSEMENT FUND SELECTION CRITERIA: transact.trans_date between '20250130 00:00:00.000' and '20250212 00:00:00.000' ACCOUNTING PERIOD: 8/25
FUND - 11 - GENERAL FUND

CASH ACCT CHECK NO ISSUE DT VENDOR NAME ACTIVITY -----DESCRIPTION------ SALES TAX AMOUNT 1011 429141 02/12/25 00000214 LEAGUE OF CALIFORNIA CIT 101101 MBRSHP OC DIV 2025 0.00 300.00 1011 429142 02/12/25 00007523 LEGAL SHIELD, INC 73 JAN-25 CHARGES 0.00 91.60 1011 429143 02/12/25 10004046 LIGHT SOURCE PRINTING, I 101101 COUNCIL BUSINES CARDS 0.00 668.83 1011 429143 02/12/25 10004046 LIGHT SOURCE PRINTING, I 275205 BUSINESS CARDS 0.00 155.95 1011 429143 02/12/25 10004046 LIGHT SOURCE PRINTING, I 731150 BUSINESS CARDS 0.00 165.93 1011 429143 02/12/25 10004046 LIGHT SOURCE PRINTING, I 275145 BUSINESS CARDS 0.00 311.90 TOTAL CHECK 0.00 1,302.61 1011 429144 02/12/25 10009795 RCA INVESTMENTS INC 171710 CLUTCH KIT 0.00 908.20 1011 429145 02/12/25 10012952 LOOPNET 632110 LOOPNET FEB-25 0.00 111.96 1011 429146 02/12/25 10005515 KATHLEEN MASTIN 275305 LINE DANCE 0.00 116.40 1011 429147 02/12/25 10012134 CASEY MCDANIEL 275150 SCORKEEP 1/18-30/25 0.00 136.00 1011 429148 02/12/25 10000030 HILDA S. MILES 275120 POLYNESIAN DNC 0.00 1,077.30 1011 429149 02/12/25 10004737 MITCHELL REPAIR 171710 PRODEMAND SUBS 0.00 2,640.00 1011 429150 02/12/25 10013165 MOBILE HOME IMPROVEMENT 126128 HIP202420 HANNA 0.00 22,194.00 1011 429150 02/12/25 10013165 MOBILE HOME IMPROVEMENT 126128 HIP202420 HANNA 0.00 3,208.00 TOTAL CHECK 0.00 25,402.00 1011 429151 02/12/25 10008235 MOTOROLA SOLUTIONS, INC. 650303 REDHAT/1YR RENEWAL 0.00 2,036.33 1011 429152 02/12/25 00009876 MUNICIPAL WATER DIST OF 396848 EFFIC PROG DEC-24 0.00 677.20 1011 429153 02/12/25 00007824 MUSCO CORPORATION 860810 REPAIR AND REPLACE LIG 62.62 4,957.62 1011 429154 02/12/25 10002752 NATIONAL BUSINESS FURNIT 275410 #16147 - AT WORK REVER 64.49 896.64 1011 429154 02/12/25 10002752 NATIONAL BUSINESS FURNIT 275410 SHIPPING 0.00 278.60 TOTAL CHECK 64.49 1,175.24 1011 429155 02/12/25 10012790 OC RECON, INC. 171710 DENT REPAIR 0.00 200.00 1011 429156 02/12/25 10005163 OCEAN BREEZE PACIFIC, LL 275305 LINEN SERVICE 0.00 74.88 1011 429157 02/12/25 10011118 ORANGE COUNTY DISTRICT A 20 ASSET FORFEI#24-10250 0.00 2,455.00 1011 429157 02/12/25 10011118 ORANGE COUNTY DISTRICT A 651607 ASSET INT#24-10250 0.00 97.67 TOTAL CHECK 0.00 2,552.67 1011 429158 02/12/25 00000222 EDCO/PARK DISPOSAL CORP. 171710 CNG FUEL 0.00 295.15 1011 429159 02/12/25 00000222 EDCO/PARK DISPOSAL CORP. 460220 RES BILLING/JAN-25 0.00 386,159.40 1011 429160 02/12/25 10013991 PATRICK D. PATTISON 995100 TV BROADCAST/HOSTING 0.00 5,800.00 1011 429160 02/12/25 10013991 PATRICK D. PATTISON 106117 TV BROADCAST/HOSTING 0.00 489.06 TOTAL CHECK 0.00 6,289.06 SUNGARD PUBLIC SECTOR PAGE NUMBER: 9 DATE: 02/12/2025 CITY OF BUENA PARK ACCTPA21 TIME: 18:48:10 CHECK REGISTER - DISBURSEMENT FUND SELECTION CRITERIA: transact.trans_date between '20250130 00:00:00.000' and '20250212 00:00:00.000' ACCOUNTING PERIOD: 8/25
FUND - 11 - GENERAL FUND

CASH ACCT CHECK NO ISSUE DT VENDOR NAME ACTIVITY -----DESCRIPTION------ SALES TAX AMOUNT 1011 429161 02/12/25 10008512 JESSICA PEREZ 71 COMPUTER LOAN 0.00 1,766.90 1011 429162 02/12/25 00005174 PETTY CASH/POLICE DEPART 650302 MLG/C.FOX/NOV-24 0.00 8.50 1011 429162 02/12/25 00005174 PETTY CASH/POLICE DEPART 650208 OC LUNCHEON/SHADDOW 0.00 25.00 1011 429162 02/12/25 00005174 PETTY CASH/POLICE DEPART 650208 OC LUNCHEON/LOVCHIK 0.00 25.00 TOTAL CHECK 0.00 58.50 1011 429163 02/12/25 00002290 PHIL THORNTON 121135 PAPER CUTTER SVC 0.00 286.00 1011 429164 02/12/25 00007516 PHOENIX GROUP INFORMATIO 550502 PK CIT PROC/DEC-24 0.00 10.80 1011 429164 02/12/25 00007516 PHOENIX GROUP INFORMATIO 550502 PK CIT PROC/DEC-24 0.00 3,847.45 TOTAL CHECK 0.00 3,858.25 1011 429165 02/12/25 10013857 HEATHER WILLIAMS 650105 THERAPY DEC-24 0.00 750.00 1011 429165 02/12/25 10013857 HEATHER WILLIAMS 650105 PRESENT/THERAPY/JAN25 0.00 750.00 TOTAL CHECK 0.00 1,500.00 1011 429166 02/12/25 10013804 PRO COAT, INC 106131 PED COAT/FINAL/JAN-25 0.00 6,798.00 1011 429167 02/12/25 00004049 PSOMAS CORP. 396859 PEAK PK WELL/DEC-24 0.00 1,878.53 1011 429168 02/12/25 10014101 PUBLIC SECTOR HR ASSOCIA 121110 MEMBERSHIP DUES 0.00 790.00 1011 429169 02/12/25 10012879 BRENDA J. PUEPKE 171710 CERS ANNUAL REPORT 0.00 300.00 1011 429170 02/12/25 10008467 QUADIENT LEASING USA, IN 121135 LEASING 0.00 1,104.42 1011 429171 02/12/25 10001203 R.V. NURSERY INC 560641 PLANTS 0.00 284.46 1011 429171 02/12/25 10001203 R.V. NURSERY INC 560641 PLANTS 0.00 48.49 1011 429171 02/12/25 10001203 R.V. NURSERY INC 560641 PLANTS 0.00 2,661.43 1011 429171 02/12/25 10001203 R.V. NURSERY INC 560641 PLANTS 0.00 118.53 1011 429171 02/12/25 10001203 R.V. NURSERY INC 560641 PLANTS 0.00 296.31 TOTAL CHECK 0.00 3,409.22 1011 429172 02/12/25 10014096 VERONICA RAMIREZ 11 REF DEPOSIT RT#R11582 0.00 500.00 1011 429173 02/12/25 10000972 REFRIGERATION SUPPLIES D 170670 HARDWARE 0.00 122.06 1011 429173 02/12/25 10000972 REFRIGERATION SUPPLIES D 170670 HARDWARE HVAC 0.00 35.82 TOTAL CHECK 0.00 157.88 1011 429174 02/12/25 00000113 DMJ AND ASSOCIATES, INC. 860810 SUPPLIES 0.00 554.32 1011 429175 02/12/25 00007580 RON'S MAINTENANCE INC 352567 CATCH BAS.CLEAN/DEC24 0.00 30,120.00 1011 429176 02/12/25 00000114 SAFETY KLEEN SYSTEMS, IN 160105 HAZARDOUS WASTE 0.00 989.65 1011 429176 02/12/25 00000114 SAFETY KLEEN SYSTEMS, IN 171710 SERVICE 0.00 1,352.83 TOTAL CHECK 0.00 2,342.48 1011 429177 02/12/25 00000412 SOUTHERN COUNTIES OIL CO 171710 DIESEL FUEL 0.00 4,107.34 1011 429177 02/12/25 00000412 SOUTHERN COUNTIES OIL CO 171710 UNLEADED FUEL YARD 0.00 22,183.16 TOTAL CHECK 0.00 26,290.50 SUNGARD PUBLIC SECTOR PAGE NUMBER: 10 DATE: 02/12/2025 CITY OF BUENA PARK ACCTPA21 TIME: 18:48:10 CHECK REGISTER - DISBURSEMENT FUND SELECTION CRITERIA: transact.trans_date between '20250130 00:00:00.000' and '20250212 00:00:00.000' ACCOUNTING PERIOD: 8/25
FUND - 11 - GENERAL FUND

CASH ACCT CHECK NO ISSUE DT VENDOR NAME ACTIVITY -----DESCRIPTION------ SALES TAX AMOUNT 1011 429178 02/12/25 00008766 JON-MICHAEL SHADDOW 650208 SLI#547 S4 3/6-8/25 0.00 256.00 1011 429179 02/12/25 00009792 PRISCILLA SILVA 275120 BELLY DNC 0.00 291.27 1011 429180 02/12/25 10002149 SAMIR NABBOUT 126128 HIP202416 BALDREE 0.00 15,723.00 1011 429181 02/12/25 10012054 SKYHAWKS SPORTS ACADEMY 275120 SOCCER 0.00 502.74 1011 429182 02/12/25 10005948 JIMMY SMITH 275305 ROUND DNC 0.00 649.50 1011 429183 02/12/25 10001005 SOUTH COAST AIR QUALITY 160110 RULE 2202 ANN FILING 0.00 1,055.53 1011 429184 02/12/25 00000607 SOUTH COAST AQMD 171710 FAC#168982 0.00 319.84 1011 429184 02/12/25 00000607 SOUTH COAST AQMD 171710 FAC#168982 0.00 165.96 TOTAL CHECK 0.00 485.80 1011 429187 02/12/25 00000226 SOUTHERN CALIFORNIA EDIS 660240 8252 OR'THORP/JAN-25 0.00 35.75 1011 429187 02/12/25 00000226 SOUTHERN CALIFORNIA EDIS 660240 STANTON/MAPLE/JAN25 0.00 41.83 1011 429187 02/12/25 00000226 SOUTHERN CALIFORNIA EDIS 560230 8221 DALE/JAN-25 0.00 41.83 1011 429187 02/12/25 00000226 SOUTHERN CALIFORNIA EDIS 660240 CRESNT X SANRIO/JAN25 0.00 45.29 1011 429187 02/12/25 00000226 SOUTHERN CALIFORNIA EDIS 560230 6655 MANCHESTR/JAN25 0.00 46.77 1011 429187 02/12/25 00000226 SOUTHERN CALIFORNIA EDIS 560230 7550 STANTON/JAN-25 0.00 50.45 1011 429187 02/12/25 00000226 SOUTHERN CALIFORNIA EDIS 860810 6232 AUTO CTR/JAN-25 0.00 64.83 1011 429187 02/12/25 00000226 SOUTHERN CALIFORNIA EDIS 660240 ES VLVW SO FY/JAN25 0.00 21.02 1011 429187 02/12/25 00000226 SOUTHERN CALIFORNIA EDIS 660240 MNCHESTR/ARTES/JAN25 0.00 31.43 1011 429187 02/12/25 00000226 SOUTHERN CALIFORNIA EDIS 660240 BEACH/MALVERN/JAN25 0.00 35.75 1011 429187 02/12/25 00000226 SOUTHERN CALIFORNIA EDIS 560230 5600 MALVERN/JAN25 0.00 35.75 1011 429187 02/12/25 00000226 SOUTHERN CALIFORNIA EDIS 660240 BEACH/COMNWLTH/JAN25 0.00 35.75 1011 429187 02/12/25 00000226 SOUTHERN CALIFORNIA EDIS 660240 9TH/WESTERN/JAN-25 0.00 41.83 1011 429187 02/12/25 00000226 SOUTHERN CALIFORNIA EDIS 560230 7901 LA MIRADA/JAN25 0.00 41.83 1011 429187 02/12/25 00000226 SOUTHERN CALIFORNIA EDIS 560230 7341 ARTESIA/JAN-25 0.00 41.83 1011 429187 02/12/25 00000226 SOUTHERN CALIFORNIA EDIS 660240 6248 CRESCENT/JAN-25 0.00 45.29 1011 429187 02/12/25 00000226 SOUTHERN CALIFORNIA EDIS 660240 RT91 FY EO KNT/JAN25 0.00 46.55 1011 429187 02/12/25 00000226 SOUTHERN CALIFORNIA EDIS 560230 BEACH/DURANGO/JAN25 0.00 47.82 1011 429187 02/12/25 00000226 SOUTHERN CALIFORNIA EDIS 660240 BEACH/9TH/JAN25 0.00 57.99 1011 429187 02/12/25 00000226 SOUTHERN CALIFORNIA EDIS 660240 RT91 FY OFF RMP/JAN25 0.00 61.96 1011 429187 02/12/25 00000226 SOUTHERN CALIFORNIA EDIS 560230 5755 CRESCENT/JAN25 0.00 62.86 1011 429187 02/12/25 00000226 SOUTHERN CALIFORNIA EDIS 660240 BEACH/STAGE/JAN-25 0.00 74.08 1011 429187 02/12/25 00000226 SOUTHERN CALIFORNIA EDIS 660240 BEACH/CRESCNT/JAN25 0.00 84.80 1011 429187 02/12/25 00000226 SOUTHERN CALIFORNIA EDIS 660240 6989 ARTESIA/JAN25 0.00 94.13 1011 429187 02/12/25 00000226 SOUTHERN CALIFORNIA EDIS 660240 SAN REMO VLVW/JAN25 0.00 100.89 1011 429187 02/12/25 00000226 SOUTHERN CALIFORNIA EDIS 660240 BEACH/ARTESIA/JAN25 0.00 103.64 1011 429187 02/12/25 00000226 SOUTHERN CALIFORNIA EDIS 660240 BP LITING/JAN-25 0.00 4,153.02 1011 429187 02/12/25 00000226 SOUTHERN CALIFORNIA EDIS 560230 6200 STANTON/JAN-25 0.00 76.87 1011 429187 02/12/25 00000226 SOUTHERN CALIFORNIA EDIS 170670 6500 AUTO CTR/JAN-25 0.00 91.19 1011 429187 02/12/25 00000226 SOUTHERN CALIFORNIA EDIS 660240 SW CNR OR'THORP/JAN25 0.00 92.51 1011 429187 02/12/25 00000226 SOUTHERN CALIFORNIA EDIS 660240 6002 OR'THORP/JAN-25 0.00 100.89 1011 429187 02/12/25 00000226 SOUTHERN CALIFORNIA EDIS 660240 7582 COMNWLTH/JAN-25 0.00 100.89 1011 429187 02/12/25 00000226 SOUTHERN CALIFORNIA EDIS 660240 7201 ARTESIA/JAN-25 0.00 103.06 1011 429187 02/12/25 00000226 SOUTHERN CALIFORNIA EDIS 560230 6655 AUTO CTR/JAN-25 0.00 105.50 1011 429187 02/12/25 00000226 SOUTHERN CALIFORNIA EDIS 660240 5700 BRIDGEPORT/JAN25 0.00 108.97 SUNGARD PUBLIC SECTOR PAGE NUMBER: 11 DATE: 02/12/2025 CITY OF BUENA PARK ACCTPA21 TIME: 18:48:10 CHECK REGISTER - DISBURSEMENT FUND SELECTION CRITERIA: transact.trans_date between '20250130 00:00:00.000' and '20250212 00:00:00.000' ACCOUNTING PERIOD: 8/25
FUND - 11 - GENERAL FUND

CASH ACCT CHECK NO ISSUE DT VENDOR NAME ACTIVITY -----DESCRIPTION------ SALES TAX AMOUNT 1011 429187 02/12/25 00000226 SOUTHERN CALIFORNIA EDIS 660240 7611 BEACH/JAN-25 0.00 117.77 1011 429187 02/12/25 00000226 SOUTHERN CALIFORNIA EDIS 560230 7365 ARTESIA/JAN-25 0.00 118.02 1011 429187 02/12/25 00000226 SOUTHERN CALIFORNIA EDIS 560230 7341 ARTESIA/JAN-25 0.00 149.97 1011 429187 02/12/25 00000226 SOUTHERN CALIFORNIA EDIS 660240 7731 STANTON/JAN-25 0.00 303.55 1011 429187 02/12/25 00000226 SOUTHERN CALIFORNIA EDIS 660240 BP LIGHTING/JAN-25 0.00 3,449.85 1011 429187 02/12/25 00000226 SOUTHERN CALIFORNIA EDIS 170670 8001 VAL.VW/JAN-25 0.00 18,523.78 1011 429187 02/12/25 00000226 SOUTHERN CALIFORNIA EDIS 352510 8242 LINDEN/JAN-25 0.00 31,521.62 1011 429187 02/12/25 00000226 SOUTHERN CALIFORNIA EDIS 352510 6140 BALL WELL/JAN-25 0.00 6,688.92 1011 429187 02/12/25 00000226 SOUTHERN CALIFORNIA EDIS 352510 2881 ROSECRANS/JAN25 0.00 6,873.73 1011 429187 02/12/25 00000226 SOUTHERN CALIFORNIA EDIS 352510 7301 KNOTT/JAN-25 0.00 15,725.62 1011 429187 02/12/25 00000226 SOUTHERN CALIFORNIA EDIS 660240 7672 BEACH/JAN-25 0.00 14.15 1011 429187 02/12/25 00000226 SOUTHERN CALIFORNIA EDIS 560230 7711 LA PALMA/JAN-25 0.00 31.78 1011 429187 02/12/25 00000226 SOUTHERN CALIFORNIA EDIS 860810 7623 BEACH/JAN-25 0.00 32.15 1011 429187 02/12/25 00000226 SOUTHERN CALIFORNIA EDIS 170670 7733 BEACH/JAN-25 0.00 67.93 1011 429187 02/12/25 00000226 SOUTHERN CALIFORNIA EDIS 560230 8491 DALE ST/JAN-25 0.00 82.91 1011 429187 02/12/25 00000226 SOUTHERN CALIFORNIA EDIS 860810 8552 BEACH/JAN-25 0.00 181.92 1011 429187 02/12/25 00000226 SOUTHERN CALIFORNIA EDIS 860810 8001 CAMELLIA/JAN-25 0.00 33.59 1011 429187 02/12/25 00000226 SOUTHERN CALIFORNIA EDIS 560230 7113 FIRESTONE/JAN-25 0.00 93.02 1011 429187 02/12/25 00000226 SOUTHERN CALIFORNIA EDIS 660240 BEACH/MALVERN/JAN-25 0.00 128.57 1011 429187 02/12/25 00000226 SOUTHERN CALIFORNIA EDIS 560230 7901 LA MIRADA/JAN-25 0.00 144.46 1011 429187 02/12/25 00000226 SOUTHERN CALIFORNIA EDIS 560230 6410 AUTO CTR/JAN-25 0.00 144.82 1011 429187 02/12/25 00000226 SOUTHERN CALIFORNIA EDIS 352510 5860 DALE PMP/JAN-25 0.00 415.45 1011 429187 02/12/25 00000226 SOUTHERN CALIFORNIA EDIS 860810 7322 VALLEY VW/JAN-25 0.00 10,959.88 1011 429187 02/12/25 00000226 SOUTHERN CALIFORNIA EDIS 170670 6640 BEACH/JAN-25 0.00 19,522.47 TOTAL CHECK 0.00 121,650.78 1011 429188 02/12/25 00000336 SOUTHERN CALIFORNIA EDIS 632110 OPER RT 3/2025-2/2026 0.00 38,603.51 1011 429189 02/12/25 00000328 SOUTHERN CALIFORNIA GAS 860810 7225 EL DORADO/JAN-25 0.00 13.81 1011 429189 02/12/25 00000328 SOUTHERN CALIFORNIA GAS 860810 7600 DALE/JAN-25 0.00 13.81 1011 429189 02/12/25 00000328 SOUTHERN CALIFORNIA GAS 170670 6660 BEACH/JAN-25 0.00 14.22 1011 429189 02/12/25 00000328 SOUTHERN CALIFORNIA GAS 170670 8152 KNOTT/JAN-25 0.00 21.42 1011 429189 02/12/25 00000328 SOUTHERN CALIFORNIA GAS 170670 8150 KNOTT/JAN-25 0.00 179.80 1011 429189 02/12/25 00000328 SOUTHERN CALIFORNIA GAS 170670 6601 BEACH/JAN-25 0.00 232.73 1011 429189 02/12/25 00000328 SOUTHERN CALIFORNIA GAS 170670 8150 KNOTT#D/JAN-25 0.00 684.79 1011 429189 02/12/25 00000328 SOUTHERN CALIFORNIA GAS 170670 6650 BEACH/JAN-25 0.00 1,226.01 1011 429189 02/12/25 00000328 SOUTHERN CALIFORNIA GAS 170670 6640 BEACH/JAN-25 0.00 2,807.80 1011 429189 02/12/25 00000328 SOUTHERN CALIFORNIA GAS 170670 7171 8TH ST/JAN-25 0.00 38.09 1011 429189 02/12/25 00000328 SOUTHERN CALIFORNIA GAS 170670 6955 ARAGON/JAN-25 0.00 1,189.22 TOTAL CHECK 0.00 6,421.70 1011 429190 02/12/25 10006963 SPEAKWRITE, LLC 650305 TRANSCRIPTION/JAN-25 0.00 2,229.63 1011 429191 02/12/25 10014098 SPECIAL SERVICES GROUP, 650102 ACTIVE STEALTH V 0.00 1,125.99 1011 429192 02/12/25 00010381 SPOK INC 275305 PHONES 0.00 7.44 1011 429192 02/12/25 00010381 SPOK INC 860810 PHONES 0.00 7.44 1011 429192 02/12/25 00010381 SPOK INC 352363 PHONES 0.00 28.93 TOTAL CHECK 0.00 43.81 1011 429193 02/12/25 00001085 STAPLES CONTRACT & COMME 121135 OFFICE SUPPLIES 0.00 5.23 1011 429193 02/12/25 00001085 STAPLES CONTRACT & COMME 731150 OFFICE SUPPLIES 0.00 24.64 SUNGARD PUBLIC SECTOR PAGE NUMBER: 12 DATE: 02/12/2025 CITY OF BUENA PARK ACCTPA21 TIME: 18:48:10 CHECK REGISTER - DISBURSEMENT FUND SELECTION CRITERIA: transact.trans_date between '20250130 00:00:00.000' and '20250212 00:00:00.000' ACCOUNTING PERIOD: 8/25
FUND - 11 - GENERAL FUND

CASH ACCT CHECK NO ISSUE DT VENDOR NAME ACTIVITY -----DESCRIPTION------ SALES TAX AMOUNT 1011 429193 02/12/25 00001085 STAPLES CONTRACT & COMME 731120 OFFICE SUPPLIES 0.00 24.64 1011 429193 02/12/25 00001085 STAPLES CONTRACT & COMME 631140 OFFICE SUPPLIES 0.00 24.64 TOTAL CHECK 0.00 79.15 1011 429194 02/12/25 10005252 STETSON ENGINEERS INC 396814 2024 MASTER PL/NOV24 0.00 2,043.00 1011 429195 02/12/25 10012058 SULZER ELECTRO-MECHANICA 860820 FREIGHT 0.00 195.00 1011 429195 02/12/25 10012058 SULZER ELECTRO-MECHANICA 860820 #NM-MISC: NIDEC UJ25P2 225.76 3,138.76 TOTAL CHECK 225.76 3,333.76 1011 429196 02/12/25 10008317 SUNNY SLOPE TREE FARM, I 560641 PLANTS 0.00 134.69 1011 429197 02/12/25 10013691 LOTUS THAI 731105 REFRESHMENTS/NOV-24 0.00 27.99 1011 429197 02/12/25 10013691 LOTUS THAI 731105 REFRESHMENTS/NOV-24 0.00 27.99 1011 429197 02/12/25 10013691 LOTUS THAI 731105 REIMB/COB/GOB/SUPLY 0.00 34.00 1011 429197 02/12/25 10013691 LOTUS THAI 731105 REIMB/COP/GOB/SUPLY 0.00 35.98 1011 429197 02/12/25 10013691 LOTUS THAI 731105 REIMB/COP/GOP/SUPLY 0.00 35.98 TOTAL CHECK 0.00 161.94 1011 429198 02/12/25 10013691 LOTUS THAI 731105 REIMB/A-FRAME SIGNS 0.00 193.89 1011 429199 02/12/25 10009023 TIRE HUB, LLC 171710 TIRES 0.00 584.54 1011 429200 02/12/25 10010941 TYSON KOERPER 106117 PRESS KIT REVISION-25 0.00 165.00 1011 429201 02/12/25 10011938 T-MOBILE 995100 995916635 DEC24-JAN25 0.00 30.80 1011 429202 02/12/25 10011938 T-MOBILE 650303 982979864 JAN-25 0.00 1,450.88 1011 429203 02/12/25 10002316 TOTAL COMPENSATION SYSTE 126120 GASB 75 6/30/24 ROLL 0.00 2,115.00 1011 429204 02/12/25 00004212 TOWNSEND PUBLIC AFFAIRS 352267 LOBBYIST/FEB-25 0.00 2,018.75 1011 429204 02/12/25 00004212 TOWNSEND PUBLIC AFFAIRS 105105 LOBBYIST/FEB-25 0.00 6,056.25 TOTAL CHECK 0.00 8,075.00 1011 429205 02/12/25 00004212 TOWNSEND PUBLIC AFFAIRS 105105 GRANT WRITE/FEB-25 0.00 5,000.00 1011 429206 02/12/25 10013738 TRUE NORTH COMPLIANCE SE 731150 PLAN REV/CHECK/JAN-25 0.00 5,882.75 1011 429207 02/12/25 10009554 TRUTH BE TOLD POLYGRAPH, 650105 4 POLYGRAPH TEST 0.00 1,200.00 1011 429208 02/12/25 10012511 TSG ENTERPRISES, INC 490015 SEWER LINE ADM/JAN225 0.00 661.25 1011 429209 02/12/25 10012155 TUNNELWORKS SERVICES, IN 52 PMT#1 RETENTION 0.00 -14,957.94 1011 429209 02/12/25 10012155 TUNNELWORKS SERVICES, IN 490015 SEWER LINING/JAN-25 0.00 299,158.75 TOTAL CHECK 0.00 284,200.81 1011 429215 02/12/25 00010474 U.S.BANK CORPORATE PAYME 101101 COUNCIL DESSERT/LOPEZ 0.00 10.08 1011 429215 02/12/25 00010474 U.S.BANK CORPORATE PAYME 101101 COUNCIL SUPL/LOPEZ 0.00 24.23 1011 429215 02/12/25 00010474 U.S.BANK CORPORATE PAYME 121110 DOLARTRE/EDDJOBFAIRGC 0.00 28.85 1011 429215 02/12/25 00010474 U.S.BANK CORPORATE PAYME 452410 SUPPLIES/MOORE 0.00 39.27 1011 429215 02/12/25 00010474 U.S.BANK CORPORATE PAYME 101101 COUNCIL ITEMS/LOPEZ 0.00 45.25 SUNGARD PUBLIC SECTOR PAGE NUMBER: 13 DATE: 02/12/2025 CITY OF BUENA PARK ACCTPA21 TIME: 18:48:10 CHECK REGISTER - DISBURSEMENT FUND SELECTION CRITERIA: transact.trans_date between '20250130 00:00:00.000' and '20250212 00:00:00.000' ACCOUNTING PERIOD: 8/25
FUND - 11 - GENERAL FUND

CASH ACCT CHECK NO ISSUE DT VENDOR NAME ACTIVITY -----DESCRIPTION------ SALES TAX AMOUNT 1011 429215 02/12/25 00010474 U.S.BANK CORPORATE PAYME 170670 PLUMBING/LIBUNAO 0.00 81.50 1011 429215 02/12/25 00010474 U.S.BANK CORPORATE PAYME 101101 COUNCIL BUS CRD/LOPEZ 0.00 100.00 1011 429215 02/12/25 00010474 U.S.BANK CORPORATE PAYME 101101 COUNCIL SUPL/LOPEZ 0.00 110.34 1011 429215 02/12/25 00010474 U.S.BANK CORPORATE PAYME 101101 COUNCILNAME PLT/LOPEZ 0.00 115.80 1011 429215 02/12/25 00010474 U.S.BANK CORPORATE PAYME 170670 HARDWARE/LIBUNAO 0.00 122.68 1011 429215 02/12/25 00010474 U.S.BANK CORPORATE PAYME 170670 HRDWAR/FLAG/LIBUNAO 0.00 126.91 1011 429215 02/12/25 00010474 U.S.BANK CORPORATE PAYME 352363 MEAL BREAK/TRG/MCGEE 0.00 164.00 1011 429215 02/12/25 00010474 U.S.BANK CORPORATE PAYME 560640 OIL/PORTER 0.00 183.97 1011 429215 02/12/25 00010474 U.S.BANK CORPORATE PAYME 170670 PLUMBING/LIBUNAO 0.00 207.16 1011 429215 02/12/25 00010474 U.S.BANK CORPORATE PAYME 121110 AALRR/CF/FEE/GC 0.00 259.00 1011 429215 02/12/25 00010474 U.S.BANK CORPORATE PAYME 101101 COUNCIL DINNER/LOPEZ 0.00 296.58 1011 429215 02/12/25 00010474 U.S.BANK CORPORATE PAYME 860810 SCE ROW PADLOCK/HUNT 0.00 405.43 1011 429215 02/12/25 00010474 U.S.BANK CORPORATE PAYME 170670 WATER FILTER/LIBUNAO 0.00 426.66 1011 429215 02/12/25 00010474 U.S.BANK CORPORATE PAYME 170670 WATER FILTER/LIBUNAO 0.00 426.66 1011 429215 02/12/25 00010474 U.S.BANK CORPORATE PAYME 121110 AMAZONOFICE SUPLSRV 0.00 -17.23 1011 429215 02/12/25 00010474 U.S.BANK CORPORATE PAYME 171710 EV CHARGE/GEYER 0.00 6.24 1011 429215 02/12/25 00010474 U.S.BANK CORPORATE PAYME 115110 C.CLK SUPPLY/GUERRA 0.00 8.61 1011 429215 02/12/25 00010474 U.S.BANK CORPORATE PAYME 275410 TOLL ROAD/NIELSEN 0.00 9.05 1011 429215 02/12/25 00010474 U.S.BANK CORPORATE PAYME 650303 TESLA CONNECT/NGUYEN 0.00 9.99 1011 429215 02/12/25 00010474 U.S.BANK CORPORATE PAYME 275205 SPOTIFY/MARTINEZ 0.00 11.99 1011 429215 02/12/25 00010474 U.S.BANK CORPORATE PAYME 160105 OFS SUPL/MIKHAEL 0.00 12.16 1011 429215 02/12/25 00010474 U.S.BANK CORPORATE PAYME 121110 TRGETOFFICESUPPLIESRV 0.00 13.52 1011 429215 02/12/25 00010474 U.S.BANK CORPORATE PAYME 650302 CERT MAIL/COTA 0.00 13.90 1011 429215 02/12/25 00010474 U.S.BANK CORPORATE PAYME 115110 SUBS/JIMENEZ 0.00 15.00 1011 429215 02/12/25 00010474 U.S.BANK CORPORATE PAYME 160105 ZOOM/MIKHAEL 0.00 15.99 1011 429215 02/12/25 00010474 U.S.BANK CORPORATE PAYME 115110 ZOOM/GUERRA 0.00 15.99 1011 429215 02/12/25 00010474 U.S.BANK CORPORATE PAYME 101101 ZOOM/JIMENEZ 0.00 15.99 1011 429215 02/12/25 00010474 U.S.BANK CORPORATE PAYME 650303 ZOOM/NGUYEN 0.00 15.99 1011 429215 02/12/25 00010474 U.S.BANK CORPORATE PAYME 160105 OFS SUPLY/MIKHAEL 0.00 16.11 1011 429215 02/12/25 00010474 U.S.BANK CORPORATE PAYME 115120 PASSPORT SUPL/GUERRA 0.00 16.15 1011 429215 02/12/25 00010474 U.S.BANK CORPORATE PAYME 171710 EV CHARGE/GEYER 0.00 17.18 1011 429215 02/12/25 00010474 U.S.BANK CORPORATE PAYME 171710 FUEL/MOTORCYCLE/VU 0.00 17.28 1011 429215 02/12/25 00010474 U.S.BANK CORPORATE PAYME 171710 EV CHARGE/GEYER 0.00 17.62 1011 429215 02/12/25 00010474 U.S.BANK CORPORATE PAYME 732044 EMG SUPL/PINEDO 0.00 18.30 1011 429215 02/12/25 00010474 U.S.BANK CORPORATE PAYME 101101 NAME PLAT/SONNE/GUERR 0.00 20.47 1011 429215 02/12/25 00010474 U.S.BANK CORPORATE PAYME 160105 OFS SUPL/MIKHAEL 0.00 24.23 1011 429215 02/12/25 00010474 U.S.BANK CORPORATE PAYME 650208 OFS EQUIP/DIERINGER 0.00 24.27 1011 429215 02/12/25 00010474 U.S.BANK CORPORATE PAYME 171710 EV CHARGE/NGUYEN 0.00 24.39 1011 429215 02/12/25 00010474 U.S.BANK CORPORATE PAYME 171710 FUEL/MOTORCYCLE/VU 0.00 25.06 1011 429215 02/12/25 00010474 U.S.BANK CORPORATE PAYME 171710 FUEL/MOTORCYC/COLON 0.00 25.25 1011 429215 02/12/25 00010474 U.S.BANK CORPORATE PAYME 171710 FUEL/MOTORCYCLE/VU 0.00 25.54 1011 429215 02/12/25 00010474 U.S.BANK CORPORATE PAYME 275410 TOLL ROAD NIELSEN 0.00 26.95 1011 429215 02/12/25 00010474 U.S.BANK CORPORATE PAYME 171710 EV CHARGE/GEYER 0.00 27.98 1011 429215 02/12/25 00010474 U.S.BANK CORPORATE PAYME 171710 FUEL/MOTORCYC/COLON 0.00 28.00 1011 429215 02/12/25 00010474 U.S.BANK CORPORATE PAYME 171710 EV CHARGE/GEYER 0.00 28.79 1011 429215 02/12/25 00010474 U.S.BANK CORPORATE PAYME 105105 PURCHASE IMAGES/FEWER 0.00 29.00 1011 429215 02/12/25 00010474 U.S.BANK CORPORATE PAYME 171710 EV CHARGE/NGUYEN 0.00 29.43 1011 429215 02/12/25 00010474 U.S.BANK CORPORATE PAYME 105105 MO ADOBE SUBS/MEDINA 0.00 29.99 1011 429215 02/12/25 00010474 U.S.BANK CORPORATE PAYME 171710 EV CHARGE/GEYER 0.00 30.01 1011 429215 02/12/25 00010474 U.S.BANK CORPORATE PAYME 171710 EV CHARGE/GEYER 0.00 30.71 1011 429215 02/12/25 00010474 U.S.BANK CORPORATE PAYME 171710 EV CHARGE/NGUYEN 0.00 30.72 1011 429215 02/12/25 00010474 U.S.BANK CORPORATE PAYME 171710 EV CHARGE/NGUYEN 0.00 30.88 SUNGARD PUBLIC SECTOR PAGE NUMBER: 14 DATE: 02/12/2025 CITY OF BUENA PARK ACCTPA21 TIME: 18:48:10 CHECK REGISTER - DISBURSEMENT FUND SELECTION CRITERIA: transact.trans_date between '20250130 00:00:00.000' and '20250212 00:00:00.000' ACCOUNTING PERIOD: 8/25
FUND - 11 - GENERAL FUND

CASH ACCT CHECK NO ISSUE DT VENDOR NAME ACTIVITY -----DESCRIPTION------ SALES TAX AMOUNT 1011 429215 02/12/25 00010474 U.S.BANK CORPORATE PAYME 275205 LETTERS/SCH/MARTINEZ 0.00 33.44 1011 429215 02/12/25 00010474 U.S.BANK CORPORATE PAYME 171710 CARWASH CM VEH/FRANCE 0.00 35.00 1011 429215 02/12/25 00010474 U.S.BANK CORPORATE PAYME 105105 KOREAN DELEG/MEDINA 0.00 39.56 1011 429215 02/12/25 00010474 U.S.BANK CORPORATE PAYME 731120 IN BOX TRAYS/MESHRAM 0.00 40.13 1011 429215 02/12/25 00010474 U.S.BANK CORPORATE PAYME 275310 BINGO SUPL/MOMPELLER 0.00 40.61 1011 429215 02/12/25 00010474 U.S.BANK CORPORATE PAYME 650208 RANGE EQUIP/DIERINGER 0.00 42.50 1011 429215 02/12/25 00010474 U.S.BANK CORPORATE PAYME 106117 G-SUITES SUBS/COPPING 0.00 43.20 1011 429215 02/12/25 00010474 U.S.BANK CORPORATE PAYME 275305 PAT FLOWERS/HURTADO 0.00 43.50 1011 429215 02/12/25 00010474 U.S.BANK CORPORATE PAYME 650302 STAPLER/COTA 0.00 45.21 1011 429215 02/12/25 00010474 U.S.BANK CORPORATE PAYME 650204 CRIME PREV/DIERINGER 0.00 50.00 1011 429215 02/12/25 00010474 U.S.BANK CORPORATE PAYME 275205 CONCERT SHARE/SAUCEDA 0.00 50.00 1011 429215 02/12/25 00010474 U.S.BANK CORPORATE PAYME 160105 CEAOC MBRSHP/MIKHAEL 0.00 50.00 1011 429215 02/12/25 00010474 U.S.BANK CORPORATE PAYME 105105 CHAIRMAT/FEWER/MEDINA 0.00 53.36 1011 429215 02/12/25 00010474 U.S.BANK CORPORATE PAYME 275205 CERT PPR/HOLDR/MARTIN 0.00 56.60 1011 429215 02/12/25 00010474 U.S.BANK CORPORATE PAYME 650409 20"CONTAINER/WILLIAMS 0.00 59.40 1011 429215 02/12/25 00010474 U.S.BANK CORPORATE PAYME 106117 ADOBE SUBS/COPPING 0.00 59.99 1011 429215 02/12/25 00010474 U.S.BANK CORPORATE PAYME 631140 TRG CATALDO/MESHRAM 0.00 60.00 1011 429215 02/12/25 00010474 U.S.BANK CORPORATE PAYME 650303 ALTRONIX DIGIT/MIKIEW 0.00 71.94 1011 429215 02/12/25 00010474 U.S.BANK CORPORATE PAYME 275150 FIELD PREP/KURATA 0.00 72.17 1011 429215 02/12/25 00010474 U.S.BANK CORPORATE PAYME 115110 C.CLK/SUPPLY/GUERRA 0.00 72.68 1011 429215 02/12/25 00010474 U.S.BANK CORPORATE PAYME 275405 COFFEE SUPL/MARTINEZ 0.00 73.76 1011 429215 02/12/25 00010474 U.S.BANK CORPORATE PAYME 105105 10PK FLASH DR/FRANCE 0.00 74.98 1011 429215 02/12/25 00010474 U.S.BANK CORPORATE PAYME 275205 PRIZE ART SHO/MARTINE 0.00 76.84 1011 429215 02/12/25 00010474 U.S.BANK CORPORATE PAYME 631142 TOBACCO AD/FEWER 0.00 105.88 1011 429215 02/12/25 00010474 U.S.BANK CORPORATE PAYME 650405 DOG FOOD/WILLIAMS 0.00 113.01 1011 429215 02/12/25 00010474 U.S.BANK CORPORATE PAYME 650204 GRAPHICS/DIERINGER 0.00 119.99 1011 429215 02/12/25 00010474 U.S.BANK CORPORATE PAYME 650208 OFS EQUIP/DIERINGER 0.00 121.73 1011 429215 02/12/25 00010474 U.S.BANK CORPORATE PAYME 275305 PAT RECEPTION/HURTADO 0.00 136.96 1011 429215 02/12/25 00010474 U.S.BANK CORPORATE PAYME 275205 PRIZE ART SHO/MARTINE 0.00 148.29 1011 429215 02/12/25 00010474 U.S.BANK CORPORATE PAYME 275310 BINGO SUPL/MOMPELLER 0.00 149.51 1011 429215 02/12/25 00010474 U.S.BANK CORPORATE PAYME 650208 RANGE EQUIP/DIERINGER 0.00 161.46 1011 429215 02/12/25 00010474 U.S.BANK CORPORATE PAYME 732044 EMG SUPL/PINEDO 0.00 161.61 1011 429215 02/12/25 00010474 U.S.BANK CORPORATE PAYME 160105 OFS SUPL/MIKHAEL 0.00 170.72 1011 429215 02/12/25 00010474 U.S.BANK CORPORATE PAYME 731120 CHAIR/PLANING/MESHRAM 0.00 183.16 1011 429215 02/12/25 00010474 U.S.BANK CORPORATE PAYME 631140 CHAIR/CF/MESHRAM 0.00 183.16 1011 429215 02/12/25 00010474 U.S.BANK CORPORATE PAYME 731150 CHAIR/BLD MGR/MESHRAM 0.00 183.16 1011 429215 02/12/25 00010474 U.S.BANK CORPORATE PAYME 731150 CHAIR/BLDG/MESHRAM 0.00 183.17 1011 429215 02/12/25 00010474 U.S.BANK CORPORATE PAYME 650405 DOG DRYER/WILLIAMS 0.00 201.49 1011 429215 02/12/25 00010474 U.S.BANK CORPORATE PAYME 106132 128G SD CARDS/FRANCE 0.00 204.70 1011 429215 02/12/25 00010474 U.S.BANK CORPORATE PAYME 126152 ONLIN WTR GTWAY/HYUN 0.00 232.50 1011 429215 02/12/25 00010474 U.S.BANK CORPORATE PAYME 121110 AALRR/RHCONF/DP 0.00 259.00 1011 429215 02/12/25 00010474 U.S.BANK CORPORATE PAYME 121110 LKDLN/MRKTSPECADV/DP 0.00 441.58 1011 429215 02/12/25 00010474 U.S.BANK CORPORATE PAYME 121110 DESTLNT/MRKTSPCADV/DP 0.00 449.00 1011 429215 02/12/25 00010474 U.S.BANK CORPORATE PAYME 106117 HOTEL.CONF/COPPING 0.00 462.25 1011 429215 02/12/25 00010474 U.S.BANK CORPORATE PAYME 121110 SURVEYMONKYANNLFEERV 0.00 468.00 1011 429215 02/12/25 00010474 U.S.BANK CORPORATE PAYME 106117 SOFTWARE/COPPING 0.00 489.00 1011 429215 02/12/25 00010474 U.S.BANK CORPORATE PAYME 160105 OFS SUPL/MIKHAEL 0.00 521.81 1011 429215 02/12/25 00010474 U.S.BANK CORPORATE PAYME 115110 FLY LEAG.MT/JIMENEZ 0.00 524.96 1011 429215 02/12/25 00010474 U.S.BANK CORPORATE PAYME 126120 ACFR AWARD REV/HYUN 0.00 610.00 1011 429215 02/12/25 00010474 U.S.BANK CORPORATE PAYME 126120 DUES/A.GARCIA/HYUN 0.00 640.00 1011 429215 02/12/25 00010474 U.S.BANK CORPORATE PAYME 101101 CAL.CITI/SONNE/GUERRA 0.00 675.00 1011 429215 02/12/25 00010474 U.S.BANK CORPORATE PAYME 105105 CAL-CITI JAN25 FEWER 0.00 675.00 SUNGARD PUBLIC SECTOR PAGE NUMBER: 15 DATE: 02/12/2025 CITY OF BUENA PARK ACCTPA21 TIME: 18:48:10 CHECK REGISTER - DISBURSEMENT FUND SELECTION CRITERIA: transact.trans_date between '20250130 00:00:00.000' and '20250212 00:00:00.000' ACCOUNTING PERIOD: 8/25
FUND - 11 - GENERAL FUND

CASH ACCT CHECK NO ISSUE DT VENDOR NAME ACTIVITY -----DESCRIPTION------ SALES TAX AMOUNT 1011 429215 02/12/25 00010474 U.S.BANK CORPORATE PAYME 632110 FLY AZ FEB 3RD/FRANCE 0.00 1,445.88 TOTAL CHECK 0.00 15,582.72 1011 429216 02/12/25 00000524 UNITED STATES POSTMASTER 631142 PMT196 TOBACCO MAILER 0.00 5,564.00 1011 429217 02/12/25 00000524 UNITED STATES POSTMASTER 105105 PMT#196 MKT MAIL 0.00 350.00 1011 429218 02/12/25 10011587 US BANK 997100 CUSTODY ACCT/DEC-24 0.00 12.46 1011 429219 02/12/25 10011587 US BANK 11 CUSTODY ACCT DEC-24 0.00 987.54 1011 429220 02/12/25 10011365 VERITEXT LLC 107420 DAVID SULLIVAN 0.00 396.20 1011 429220 02/12/25 10011365 VERITEXT LLC 107420 DAVID SULLIVAN 0.00 396.20 TOTAL CHECK 0.00 792.40 1011 429221 02/12/25 10002032 VERIZON WIRELESS 860810 542021084-00001 JAN25 0.00 0.28 1011 429222 02/12/25 10002032 VERIZON WIRELESS 650303 542373150-00001 JAN25 0.00 2,522.87 1011 429223 02/12/25 10002032 VERIZON WIRELESS 352363 870083592-00001 JAN25 0.00 371.21 1011 429223 02/12/25 10002032 VERIZON WIRELESS 170670 870083592-00001 JAN25 0.00 826.26 TOTAL CHECK 0.00 1,197.47 1011 429224 02/12/25 10002032 VERIZON WIRELESS 170670 561306915-00002 JAN25 0.00 606.71 1011 429224 02/12/25 10002032 VERIZON WIRELESS 560210 561306915-00002 JAN25 0.00 41.57 1011 429224 02/12/25 10002032 VERIZON WIRELESS 105105 561306915-00002 JAN25 0.00 41.57 1011 429224 02/12/25 10002032 VERIZON WIRELESS 998100 561306915-00002 JAN25 0.00 41.57 1011 429224 02/12/25 10002032 VERIZON WIRELESS 352363 561306915-00002 JAN25 0.00 76.02 1011 429224 02/12/25 10002032 VERIZON WIRELESS 115110 561306915-00002 JAN25 0.00 219.47 1011 429224 02/12/25 10002032 VERIZON WIRELESS 101101 561306915-00002 JAN25 0.00 219.48 TOTAL CHECK 0.00 1,246.39 1011 429225 02/12/25 10002032 VERIZON WIRELESS 275105 561306915-00007 0.00 336.88 1011 429226 02/12/25 00008608 VISION SERVICE PLAN-(CA) 73 JAN-25 INVOICE 0.00 4,229.82 1011 429227 02/12/25 10008881 VOHNE LICHE KENNELS, INC 650405 MO.MT.JAN-25 0.00 500.00 1011 429228 02/12/25 10004361 VORTEX INDUSTRIES, LLC 170670 DOOR REPAIR 0.00 783.73 1011 429229 02/12/25 00010629 WATER ONE 170670 WATER TREATMENT 0.00 335.00 1011 429230 02/12/25 10009561 WATER SOURCE SOLUTIONS I 170670 WATER SYS/FEB-25 0.00 148.70 1011 429230 02/12/25 10009561 WATER SOURCE SOLUTIONS I 106131 WATER SYS/FEB-25 0.00 148.70 1011 429230 02/12/25 10009561 WATER SOURCE SOLUTIONS I 170670 WATER SYS/JAN-25 0.00 148.70 1011 429230 02/12/25 10009561 WATER SOURCE SOLUTIONS I 106131 WATER SYS/JAN-25 0.00 148.70 1011 429230 02/12/25 10009561 WATER SOURCE SOLUTIONS I 170670 FILTER/DIAG/JULY-24 0.00 370.00 1011 429230 02/12/25 10009561 WATER SOURCE SOLUTIONS I 170670 WATER SYS/AUG-24 0.00 148.70 1011 429230 02/12/25 10009561 WATER SOURCE SOLUTIONS I 106131 WATER SYS/AUG-24 0.00 148.70 1011 429230 02/12/25 10009561 WATER SOURCE SOLUTIONS I 170670 WATER SYS/SEPT-24 0.00 148.70 1011 429230 02/12/25 10009561 WATER SOURCE SOLUTIONS I 106131 WATER SYS/SEPT-24 0.00 148.70 1011 429230 02/12/25 10009561 WATER SOURCE SOLUTIONS I 170670 WATER SYS/DEC-24 0.00 148.70 SUNGARD PUBLIC SECTOR PAGE NUMBER: 16 DATE: 02/12/2025 CITY OF BUENA PARK ACCTPA21 TIME: 18:48:10 CHECK REGISTER - DISBURSEMENT FUND SELECTION CRITERIA: transact.trans_date between '20250130 00:00:00.000' and '20250212 00:00:00.000' ACCOUNTING PERIOD: 8/25
FUND - 11 - GENERAL FUND

CASH ACCT CHECK NO ISSUE DT VENDOR NAME ACTIVITY -----DESCRIPTION------ SALES TAX AMOUNT 1011 429230 02/12/25 10009561 WATER SOURCE SOLUTIONS I 106131 WATER SYS/DEC-24 0.00 148.70 1011 429230 02/12/25 10009561 WATER SOURCE SOLUTIONS I 170670 WATER SYS/OCT-24 0.00 148.70 1011 429230 02/12/25 10009561 WATER SOURCE SOLUTIONS I 106131 WATER SYS/OCT-24 0.00 148.70 1011 429230 02/12/25 10009561 WATER SOURCE SOLUTIONS I 170670 WATER SYS/NOV-24 0.00 148.70 1011 429230 02/12/25 10009561 WATER SOURCE SOLUTIONS I 106131 WATER SYS/NOV-24 0.00 148.70 TOTAL CHECK 0.00 2,451.80 1011 429231 02/12/25 10014012 WELLS FARGO FINANCIAL LE 275305 LEASE 02/20-03/19/25 0.00 12.00 1011 429231 02/12/25 10014012 WELLS FARGO FINANCIAL LE 998100 LEASE 02/20-03/19/25 0.00 32.00 1011 429231 02/12/25 10014012 WELLS FARGO FINANCIAL LE 631140 LEASE 02/20-03/19/25 0.00 44.00 1011 429231 02/12/25 10014012 WELLS FARGO FINANCIAL LE 731120 LEASE 02/20-03/19/25 0.00 44.00 1011 429231 02/12/25 10014012 WELLS FARGO FINANCIAL LE 731150 LEASE 02/20-03/19/25 0.00 44.00 1011 429231 02/12/25 10014012 WELLS FARGO FINANCIAL LE 732071 LEASE 02/20-03/19/25 0.00 55.00 1011 429231 02/12/25 10014012 WELLS FARGO FINANCIAL LE 997100 LEASE 02/20-03/19/25 0.00 65.00 1011 429231 02/12/25 10014012 WELLS FARGO FINANCIAL LE 352267 LEASE 02/20-03/19/25 0.00 160.00 1011 429231 02/12/25 10014012 WELLS FARGO FINANCIAL LE 126120 LEASE 02/20-03/19/25 0.00 185.00 1011 429231 02/12/25 10014012 WELLS FARGO FINANCIAL LE 121110 LEASE 02/20-03/19/25 0.00 190.00 1011 429231 02/12/25 10014012 WELLS FARGO FINANCIAL LE 275105 LEASE 02/20-03/19/25 0.00 220.00 1011 429231 02/12/25 10014012 WELLS FARGO FINANCIAL LE 115110 LEASE 02/20-03/19/25 0.00 275.00 1011 429231 02/12/25 10014012 WELLS FARGO FINANCIAL LE 160105 LEASE 02/20-03/19/25 0.00 300.00 1011 429231 02/12/25 10014012 WELLS FARGO FINANCIAL LE 121135 LEASE 02/20-03/19/25 0.00 1,053.48 1011 429231 02/12/25 10014012 WELLS FARGO FINANCIAL LE 650302 LEASE 02/20-03/19/25 0.00 1,153.47 TOTAL CHECK 0.00 3,832.95 1011 429232 02/12/25 00000141 WEST COAST ARBORISTS INC 560641 TREE TRIM/JAN-25 0.00 4,837.90 1011 429232 02/12/25 00000141 WEST COAST ARBORISTS INC 560641 TREE TRIM/DEC-24 0.00 10,116.50 1011 429232 02/12/25 00000141 WEST COAST ARBORISTS INC 860810 TREE PRUNING/NOV-24 0.00 8,491.80 TOTAL CHECK 0.00 23,446.20 1011 429233 02/12/25 10009209 WEST GROVE VOLLEYBALL, L 275120 VOLLEYBALL 0.00 593.84 1011 429234 02/12/25 10011805 VERN WILLIAMS 275120 AGILITY TRAINING 0.00 99.75 1011 429235 02/12/25 10006857 YARDLEY ORGILL CO., INC. 352363 HYDRANT REPAIR 0.00 2,505.46 1011 429236 02/12/25 10011660 YUNEX, LLC 590165 FURNISH & INSTALL BATT 0.00 33,175.00 1011 429239 V 02/12/25 10002389 COUNTY OF ORANGE TREASUR 550502 TEST CHECK TO VOID 0.00 -1.00 1011 429239 02/12/25 10002389 COUNTY OF ORANGE TREASUR 550502 TEST CHECK TO VOID 0.00 1.00 TOTAL CHECK 0.00 0.00 1011 V429237 02/12/25 00008482 HOUSING PROGRAMS 126128 HIP202413 CASTILLO 0.00 450.00 1011 V429237 02/12/25 00008482 HOUSING PROGRAMS 732031 HIP202303 HILL 0.00 150.00 TOTAL CHECK 0.00 600.00 1011 V429238 02/12/25 10014025 PROCURE AMERICA LLC 170670 TELECOM NOV23-JUL24 0.00 18,084.74 1011 V429238 02/12/25 10014025 PROCURE AMERICA LLC 170670 UTILITIES AUG23-OCT24 0.00 6,037.86 1011 V429238 02/12/25 10014025 PROCURE AMERICA LLC 170670 UTILITIES DEC23-MAR24 0.00 853.92 1011 V429238 02/12/25 10014025 PROCURE AMERICA LLC 170670 UTILITIES MAR24-JUN24 0.00 1,624.63 1011 V429238 02/12/25 10014025 PROCURE AMERICA LLC 170670 UTILITIES JUN24-SEP24 0.00 2,012.42 TOTAL CHECK 0.00 28,613.57 SUNGARD PUBLIC SECTOR PAGE NUMBER: 17 DATE: 02/12/2025 CITY OF BUENA PARK ACCTPA21 TIME: 18:48:10 CHECK REGISTER - DISBURSEMENT FUND SELECTION CRITERIA: transact.trans_date between '20250130 00:00:00.000' and '20250212 00:00:00.000' ACCOUNTING PERIOD: 8/25
FUND - 11 - GENERAL FUND

CASH ACCT CHECK NO ISSUE DT VENDOR NAME ACTIVITY -----DESCRIPTION------ SALES TAX AMOUNT TOTAL CASH ACCOUNT 2,167.59 1,648,065.36 TOTAL FUND 2,167.59 1,648,065.36 TOTAL REPORT 2,167.59 1,648,065.36 Date
Printed
2/12/2025
429185
429213
429210
429214
429045
429211
429212
Voided Check
Numbers
429186

RESOLUTION NO. ______

RESOLUTION OF THE CITY COUNCIL OF THE CITY OF BUENA PARK,

CALIFORNIA ALLOWING CERTAIN CLAIMS AND DEMANDS IN THE
SUM OF $19,595.14 COVERING RETIREE PAYROLL ENDING
DECEMBER 31, 2024.

NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF BUENA PARK DOES HEREBY RESOLVE, DETERMINE AND ORDER AS FOLLOWS:

SECTION 1: That in accordance with Section 37208 of the Government Code, the Director of Finance or his designated representative hereby certifies to the accuracy of the following demands and to the availability of funds for payment thereof.

__________________________________
Director of Finance

SECTION 2: The claims and demands in the sum of $19,595.14, set forth on the 2-page register attached to this resolution and made a part here of have been audited as required by law and are hereby allowed in the amount set forth.

PASSED AND ADOPTED this _____ day of _______________ 2025 by the following called vote:

AYES:

NOES:

ABSENT:

ABSTAIN:

______________________________
Mayor
ATTEST:

__________________________

City Clerk

RESOLUTION NO. _______

Page 2 ends

I hereby certify that the foregoing resolution was duly and regularly passed and adopted at a regular meeting of the City Council of the City of Buena Park held this _____ day of _______________ 2025.

_______________________________
City Clerk

SUNGARD PUBLIC SECTOR PAGE NUMBER: 1 DATE: 02/06/2025 CITY OF BUENA PARK PAYREP83 TIME: 17:19:20 CHECK REGISTER(CONCISE) SELECTION CRITERIA: checkhis.pay_run='MV3'

ALL CHECKS
PAYRUN: MV3
DATE: 01/30/2025

CHECK DEPOSIT CHECK

NUMBER AMOUNT AMOUNT MAN/VOID ----------EMPLOYEE---------- ID NUMBER 382810 .00 3.00 BEVINS, RONALD 9413 382811 .00 3.00 CHESSEN, DONNA 9428 382812 .00 153.00 DENNY, JOHNNIE 9440 382813 .00 3.00 EERNISSE, NOLA 9448 382814 .00 153.00 FAIRMAN, ERIC 9451 382815 .00 153.00 GONZALES, ROBERT 9461 382816 .00 3.00 HAMBY, PAUL 9466 382817 .00 153.00 JACKSON, GARY 9482 382818 .00 306.00 KIMERY, ERIC 9012 382819 .00 3.00 MACIS, NORMA 9504 382820 .00 3.00 MAYS, MARY 9677 382821 .00 153.00 MCCAY, DONALD 9517 382822 .00 43.00 ROBLES, AMPARO 9550 382823 .00 153.00 SCHWENGEL, LLOYD 9558 382824 .00 3.00 SIGLER, CAROL 9620 382825 .00 15.00 TRUJILLO, FRANK 9663 382826 .00 151.00 TUTHILL, LOREN 9581 382827 .00 3.00 WINNER, SAMUEL 9589 382828 .00 43.00 WYMAN, GUADALUPE 9592 V382829 15.00 .00 AGUIRRE, RICHARD 9624 V382830 263.00 .00 BANKS, TAMRA 9687 V382831 15.00 .00 BECKER, LLOYD 9409 V382832 151.00 .00 BERRY, STEVE 9682 V382833 167.79 .00 BISBING, KRISTOPHER 9675 V382834 153.00 .00 BORREGARD, MICHAEL 9416 V382835 153.00 .00 BRANUM, TERRY 9418 V382836 1,441.88 .00 CARNEY, PATRICK 9014 V382837 43.00 .00 CIAMPA, LISA 9429 V382838 151.00 .00 CISNEROS, RUDY 9625 V382839 43.00 .00 CLARK, LAURENCE 9430 V382840 308.00 .00 CONN, SANDRA 9676 V382841 43.00 .00 COX, BARBARA 9435 V382842 3.00 .00 CRISP, BEVERLY 9612 V382843 153.00 .00 DASCENZI, PHILLIP 9438 V382844 43.00 .00 DESOUCY, DOLORES 9441 V382845 153.00 .00 DIXON, JAMES 9442 V382846 153.00 .00 DOCK, HENRY 9443 V382847 151.00 .00 FONCECA, ARTHUR 9456 V382848 712.14 .00 FORSYTH, RICHARD 9680 V382849 153.00 .00 FROST, FRANK 9458 V382850 308.00 .00 HAINLEY, LAWRENCE 9651 V382851 174.00 .00 HENEIN, NABIL 9662 V382852 153.00 .00 HESTER, KATHLEEN 9627 V382853 153.00 .00 HICKEN, GARY 9475 V382854 263.00 .00 HOLGUIN, ALEXANDER 9604 V382855 151.00 .00 JACKSON, TERESA 9628 V382856 153.00 .00 JONES, MICHAEL 9656 V382857 43.00 .00 JONES, SHIRLEY 9486 V382858 151.00 .00 JONES, WILLIAM 9485 V382859 43.00 .00 KELLY, ANDREA 9661 SUNGARD PUBLIC SECTOR PAGE NUMBER: 2 DATE: 02/06/2025 CITY OF BUENA PARK PAYREP83 TIME: 17:19:20 CHECK REGISTER(CONCISE) SELECTION CRITERIA: checkhis.pay_run='MV3'

ALL CHECKS
V382860 153.00 .00 KIRBY, GEORGE 9488 V382861 43.00 .00 KIRK, BRET 9490 V382862 989.86 .00 KOHANEK, WILLIAM 9669 V382863 3.00 .00 KYLE, LESLIE 9493 V382864 153.00 .00 LININGER, RODNEY 9497 V382865 15.00 .00 LITCHFIELD, WILLIAM 9630 V382866 151.00 .00 LOEHR, LOTHAR 9499 V382867 1,441.88 .00 LOVCHIK, MICHAEL 9684 V382868 43.00 .00 LOWRY, MARILYN 9501 V382869 153.00 .00 LUCENTI, THOMAS 9502 V382870 43.00 .00 MALOUFF, JOSEPHINE 9505 V382871 153.00 .00 MANNING, BRUCE 9506 V382872 43.00 .00 MARTIN, GLORIA 9508 V382873 43.00 .00 MARTINEZ, DAVID 9649 V382874 153.00 .00 MARTINEZ, MANUEL 9667 V382875 153.00 .00 MCNEILLY, MICHAEL 9522 V382876 15.00 .00 MEALER, JAMES 9523 V382877 153.00 .00 MONSON, THOMAS 9638 V382878 308.00 .00 MOTE, ROBERT 9600 V382879 2,093.07 .00 PELTON, GREGORY 9699 V382880 153.00 .00 POTTER, BRUCE 9541 V382881 153.00 .00 POWELL, ROGER 9672 V382882 43.00 .00 REDDICK, SUZANNE 9655 V382883 151.00 .00 RILEY, MARGARET 9681 V382884 43.00 .00 ROGERS, REGINA 9631 V382885 49.00 .00 ROONEY, MARIAN 9622 V382886 153.00 .00 SANDERS, DARYL 9553 V382887 15.00 .00 SANDOVAL, SANTIAGO 9658 V382888 153.00 .00 SCHOALES, JAMES 9555 V382889 43.00 .00 SELLS, ROBIN 9659 V382890 43.00 .00 SHEARN, WYNNETTE 9641 V382891 994.50 .00 SIANEZ, COREY 9690 V382892 153.00 .00 STEWARD, GREGORY 9572 V382893 153.00 .00 SWISHER, JOHN 9652 V382894 153.00 .00 SYLVESTER, DAVID 9574 V382895 15.00 .00 TEMPLETON, JOHN 9686 V382896 151.00 .00 TILTON, SHALICE 9683 V382897 153.00 .00 WADELL, VERN 9584 V382898 739.30 .00 WARSINSKI, RICKY 9645 V382899 151.00 .00 WHITESIDE, JOHN 9668 V382900 43.00 .00 WHITLOCK, JOHN 9633 V382901 2,026.72 .00 WORRALL, GARY 9685

PAYRUN TOTAL
CHECK: 92 18,095.14 1,500.00
TOTAL
CHECKS: 92 18,095.14 1,500.00
RESOLUTION NO. ______

RESOLUTION OF THE CITY COUNCIL OF THE CITY OF BUENA PARK,

CALIFORNIA ALLOWING CERTAIN CLAIMS AND DEMANDS IN THE
SUM OF $1,084,098.37 COVERING REGULAR PAYROLL ENDING
JANUARY 31, 2025

NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF BUENA PARK DOES HEREBY RESOLVE, DETERMINE AND ORDER AS FOLLOWS:

__________________________________
Director of Finance

SECTION 2: The claims and demands in the sum of $1,084,098.37 set forth on this 9-page register attached to this resolution and made a part hereof have been audited as required by law and are hereby allowed in the amount set forth.

PASSED AND ADOPTED this _____ day of _______________ 2025 by the following called vote:

AYES:

NOES:

ABSENT:

ABSTAIN:

______________________________
Mayor

ATTEST:

__________________________
City Clerk

RESOLUTION NO. _______

Page 2 ends

_____________________________
City Clerk

SUNGARD PUBLIC SECTOR PAGE NUMBER: 1 DATE: 02/06/2025 CITY OF BUENA PARK PAYREP83 TIME: 20:50:10 CHECK REGISTER(CONCISE) SELECTION CRITERIA: checkhis.pay_run in ('MV4','MV5')

REGULAR CHECKS
PAYRUN: MV4
DATE: 01/30/2025

CHECK DEPOSIT CHECK

NUMBER AMOUNT AMOUNT ----------EMPLOYEE---------- ID NUMBER 382902 .00 348.49 ARIZMENDI, ARMANDO 567

PAYRUN TOTAL
CHECK: 1 .00 348.49
SUNGARD PUBLIC SECTOR PAGE NUMBER: 2 DATE: 02/06/2025 CITY OF BUENA PARK PAYREP83 TIME: 20:50:10 CHECK REGISTER(CONCISE) SELECTION CRITERIA: checkhis.pay_run in ('MV4','MV5')

REGULAR CHECKS
PAYRUN: MV5
DATE: 02/07/2025

CHECK DEPOSIT CHECK

NUMBER AMOUNT AMOUNT ----------EMPLOYEE---------- ID NUMBER V382903 2,960.26 .00 CASTRO, GWENDOLYNE 503 V382904 6,513.01 .00 FENTON, EDWARD 1564 V382905 1,823.36 .00 KERN, DONNA 2574 V382906 2,675.30 .00 PREVO, DOREKA 390 V382907 3,543.67 .00 VALDEZ, REBECCA 5490 V382908 1,704.08 .00 BUENROSTRO, PATRICIA 227 V382909 4,078.09 .00 GARCIA, ADRIAN 1700 V382910 1,187.31 .00 GLAVIN, BARBARA 1768 V382911 6,796.71 .00 HYUN, SUNG 2248 V382912 2,298.46 .00 KIM, MIN 2584 V382913 2,237.58 .00 LOVEJOY, REBEKAH 76 V382914 1,062.11 .00 OZAKI, GRACE 3881 V382915 2,072.64 .00 PAK, TIMOTHY 3955 V382916 2,695.74 .00 PEREZ, JESSICA 4111 V382917 2,501.51 .00 TOMASSETTI, JEEVANI 5623 V382918 2,120.39 .00 TRAN, KRYSTLE 242 V382919 132.72 .00 AYALA, MICHAEL 445 V382920 4,243.40 .00 COPPING, SARA 951 V382921 1,100.11 .00 DIAZ, MICHELLE 419 V382922 2,369.95 .00 ENGLEBRECHT, BRIDGET 261 V382923 3,004.32 .00 FEWER, JESSICA 580 V382924 7,230.34 .00 FRANCE, AARON 1650 V382925 296.25 .00 MCKINNEY, KENNETH 552 V382926 2,621.41 .00 MEDINA, YARETZA 8 V382927 572.02 .00 MUNOZ, MICHELLE 440 V382928 1,284.06 .00 NAUERT, NATHANIEL 442 V382929 294.97 .00 TEHRANI, AIDIN 551 V382930 761.89 .00 AHN, JOYCE 263 V382931 774.06 .00 FRANCO-HERNANDEZ, CARLOS 566 V382932 660.31 .00 HOQUE, LAMIYA 412 V382933 526.77 .00 SONNE, SUSAN 5161 V382934 558.90 .00 TRAUT, CONNOR 5399 V382935 2,789.12 .00 ALMQUIST, ANNA PATRICIA 168 V382936 1,833.52 .00 GUERRA, SARAH 1470 V382937 5,486.40 .00 JIMENEZ, ADRIA 2297 V382938 955.01 .00 KIRK, RALPH 384 V382939 1,982.94 .00 LOPEZ, ANGELICA 2928 V382940 2,798.97 .00 MIRANDA, MARILU 447 V382941 1,954.13 .00 HERNANDEZ, GLORIA 2092 V382942 4,262.23 .00 AVERELL, MARK 272 V382943 2,363.37 .00 COLES-GUZMAN, MARY 950 V382944 2,246.64 .00 KENNEDY, SEAN 111 V382945 4,579.98 .00 CULL, ROBERT 1012 V382946 2,091.18 .00 FLORES, CHRISTOPHER 464 V382947 1,140.95 .00 GUZMAN, FEDERICO 1918 V382948 2,813.56 .00 LESTER, ALEXANDER 2868 V382949 1,843.05 .00 MACIAS, JUDITH 2996 V382950 2,523.49 .00 MAYORQUIN, RAYMUNDO 221 V382951 2,718.36 .00 TART, ANDRE 5235 V382952 2,764.76 .00 ALVAREZ, JOSHUA 458 SUNGARD PUBLIC SECTOR PAGE NUMBER: 3 DATE: 02/06/2025 CITY OF BUENA PARK PAYREP83 TIME: 20:50:10 CHECK REGISTER(CONCISE) SELECTION CRITERIA: checkhis.pay_run in ('MV4','MV5')

REGULAR CHECKS
V382953 853.82 .00 CASTANEDA, GUADALUPE 280 V382954 2,331.46 .00 CASTELLANOS, CARLOS 515 V382955 2,401.50 .00 CATALDO, JOHN 766 V382956 2,066.69 .00 DAVIS-VALENTINE, SUZANNE 1085 V382957 797.46 .00 DINH, MICHELLE 433 V382958 6,274.00 .00 FOULKES, MATTHEW 9 V382959 1,360.64 .00 LOMELI, MOISES 472 V382960 4,234.22 .00 LUNA, HARALD 264 V382961 2,800.04 .00 MCALEESE, IAN 159 V382962 6,582.21 .00 MESHRAM, SWATI 3321 V382963 3,194.55 .00 NAVARRO, SANDRA 93 V382964 2,383.18 .00 SANTOS, RUTH 4640 V382965 1,795.06 .00 TAE, RAY 5196 V382966 3,970.61 .00 THAI, LOTUS 536 V382967 2,242.84 .00 ZAPIEN, ERNESTINE 5777 V382968 2,313.88 .00 ARDAIZ, LANA 190 V382969 23.70 .00 BARRAZA, THOMAS 489 V382970 5,008.39 .00 DHAUW, MELISSA 1170 V382971 23.70 .00 GARCIA, ALEXANDRA 414 V382972 23.70 .00 MASSED, TANYA 409 V382973 673.78 .00 PEREZ, ANTHONY 559 V382974 23.70 .00 SERRANO, CHLOE 423 V382975 23.70 .00 SOLORZANO, RODOLFO 404 V382976 3,028.27 .00 SUAREZ, SARABETH 5169 V382977 3,192.58 .00 YOON, JIWON 91 V382978 738.69 .00 BARR, LISA 366 V382979 2,757.51 .00 COTA, LORRAINE 954 V382980 5,766.70 .00 GEYER, BRADLEY 1692 V382981 5,278.13 .00 HONG, ALEX 2130 V382982 6,426.03 .00 NGUYEN, NGHIA 3755 V382983 6,867.46 .00 NUNES, FRANK 3813 V382984 1,595.34 .00 CHARNES, LANCE 783 V382985 6,376.09 .00 DIERINGER, RYAN 1145 V382986 3,607.19 .00 JIMENEZ, ROBERT 352 V382987 2,911.61 .00 KIM, HYUN 328 V382988 3,030.94 .00 LAM, DAVID 2790 V382989 510.73 .00 LOVCHIK, MICHAEL 6 V382990 3,852.59 .00 MIKIEWICZ, SIMON 3360 V382991 2,114.80 .00 NOVOTNY, MARY 3705 V382992 2,146.27 .00 SEMAAN, NADIA 4740 V382993 6,663.03 .00 SHADDOW, JON-MICHAEL 4837 V382994 2,825.55 .00 ALCALA, BRITTANY 58 V382995 2,973.73 .00 BARAJAS, MAYRA 357 V382996 1,278.51 .00 BARRAZA, TAYLOR 501 V382997 2,078.73 .00 BINYON, ERIC 506 V382998 4,426.30 .00 BRANDSTETTER, JAMES 629 V382999 3,596.11 .00 BUTH, CATHERINE 561 V383000 2,526.22 .00 CARPENTER, SCARLET 1663 V383001 460.93 .00 CONN, SANDRA 961 V383002 685.82 .00 CORONADO, PERLA 553 V383003 713.68 .00 CORTEZ TORRES, AMANDA 450 V383004 612.50 .00 DIERINGER, REGINA 1515 V383005 3,125.93 .00 ESCOBEDO, STACEY 1530 V383006 5,572.30 .00 ESQUETINI, MARIA 1536 V383007 2,133.69 .00 HERNANDEZ, ISABELLA 112 V383008 739.53 .00 MADHAE, DEEPINDER 555 SUNGARD PUBLIC SECTOR PAGE NUMBER: 4 DATE: 02/06/2025 CITY OF BUENA PARK PAYREP83 TIME: 20:50:10 CHECK REGISTER(CONCISE) SELECTION CRITERIA: checkhis.pay_run in ('MV4','MV5')

REGULAR CHECKS
V383009 3,672.96 .00 MAERKER, ELIZABETH 3017 V383010 3,759.22 .00 MCGRATH, CODY 3220 V383011 1,039.05 .00 MENDOZA ESPINOZA, MYA 532 V383012 940.73 .00 MENDOZA HERNANDEZ, STEPHANIE 427 V383013 733.48 .00 ONTIVEROS, STEVEN 342 V383014 2,515.73 .00 PALMA CARDENAS, DIANA 3970 V383015 1,029.80 .00 PARRA, ANGEL 498 V383016 1,361.87 .00 RODRIGUEZ VILLA, YARELI 205 V383017 1,963.30 .00 SAUCEDA, CATHLEEN 4645 V383018 3,614.59 .00 SHERIFF, SAMANTHA 2096 V383019 867.66 .00 SILVERIO, SAMANTHA 497 V383020 3,481.24 .00 TANIGUCHI, MELISSA 5230 V383021 752.77 .00 VELLANOWETH, KRISTINE 217 V383022 696.58 .00 YBARRA, DELIA 529 V383023 2,216.23 .00 FIORE, KATE 1560 V383024 1,948.70 .00 FLOHRA, KARAN 516 V383025 2,375.64 .00 FOX, CHARITY 1641 V383026 659.94 .00 KUHN, MICHELLE 2730 V383027 141.52 .00 KUHN, TARI 2747 V383028 2,126.65 .00 LARA, KARON 103 V383029 3,215.12 .00 MENDIVEL, CHRISTINA 3299 V383030 2,285.89 .00 NGO, CATHERINE 3752 V383031 2,186.68 .00 PENDLETON, SUN 4080 V383032 1,881.00 .00 RAMIREZ, ARIANNA 86 V383033 1,571.33 .00 TENG, LING-FEI 2871 V383034 2,197.63 .00 UMLAH, AMBER 5435 V383035 6,698.41 .00 BATES, PATRICK 378 V383036 5,477.81 .00 BELTRAN, CHRISTINA 13 V383037 6,699.29 .00 BERNAL, DAVID 480 V383038 3,604.30 .00 BLACKWOOD, PHALANN 550 V383039 5,373.34 .00 BOURNE, CLIFFORD 5612 V383040 5,533.42 .00 BOYD, ROBERT 584 V383041 5,813.46 .00 BOYER, CAMERON 585 V383042 5,337.81 .00 BOYINGTON, DEVIN 594 V383043 4,250.59 .00 BRAVO, ISABEL 420 V383044 3,868.83 .00 BURNETT, DEBORAH 110 V383045 6,024.00 .00 CAMPOS, LOLANI 728 V383046 4,328.62 .00 CERDA, SERGIO 240 V383047 4,288.88 .00 CHAVEZ, ALEJANDRO 182 V383048 6,187.50 .00 CHAVEZ, ANTONY 246 V383049 6,036.15 .00 CHOI, JONATHON 827 V383050 4,326.85 .00 CURATOLA, ANTHONY 350 V383051 5,260.66 .00 DAVIS, JONATHAN 1083 V383052 5,032.34 .00 ESCAMILLA, MARIO 1529 V383053 6,156.75 .00 ESCOBEDO, DOMINICK 1521 V383054 2,852.76 .00 ESTRELLA, CARL JOSEPH 415 V383055 5,477.28 .00 FRANKLIN, KEVIN 1649 V383056 6,629.11 .00 GALOS, MICHAEL 1680 V383057 5,742.49 .00 GANO, KEVIN 1742 V383058 4,409.18 .00 GARCIA, JONATHAN 514 V383059 5,612.83 .00 GENTNER, GEORGE 1765 V383060 4,902.68 .00 GONZALEZ, LUIS 164 V383061 5,363.45 .00 GONZALEZ, OSCAR 1785 V383062 6,750.98 .00 HERST, RYAN 2102 V383063 5,374.09 .00 HOGAN, CHRISTIAN MICHAEL 138 V383064 5,065.82 .00 JIMENEZ, GUSTAVO 2285 SUNGARD PUBLIC SECTOR PAGE NUMBER: 5 DATE: 02/06/2025 CITY OF BUENA PARK PAYREP83 TIME: 20:50:10 CHECK REGISTER(CONCISE) SELECTION CRITERIA: checkhis.pay_run in ('MV4','MV5')

REGULAR CHECKS
V383065 5,265.69 .00 JOHNSON, BRYAN 2300 V383066 7,737.98 .00 LEPE, SERGIO 2901 V383067 5,545.45 .00 LIRA, JOSEPH 133 V383068 4,072.67 .00 LOPEZ, GUILLERMO 2958 V383069 5,257.05 .00 LOVETERE, JOSEPH 2962 V383070 4,497.96 .00 MARTINEZ, JESUS 117 V383071 5,675.26 .00 MEDRANO, JULIAN 3223 V383072 2,010.48 .00 MEONO, ROBIN 351 V383073 3,863.16 .00 MOELLER, SARAH 3590 V383074 5,463.76 .00 MORALES, FRANK 3489 V383075 3,747.68 .00 MORQUECHO, FERNANDO 510 V383076 4,071.71 .00 MUNOZ, OSCAR 3605 V383077 4,913.86 .00 MURILLO CASTRO, JULIAN 268 V383078 3,247.98 .00 NGUYEN, ANTHONY 258 V383079 8,097.24 .00 NYHUS, CHRISTOPHER 3808 V383080 5,619.42 .00 O'DETTE, DIRK 3823 V383081 5,087.79 .00 OH, WILLIAM 326 V383082 2,292.11 .00 OSORIO, STEVIE 573 V383083 5,110.34 .00 PADILLA, VALERIE 108 V383084 7,999.24 .00 PINO, RICHARD 4171 V383085 7,470.21 .00 PROCEL, ANDY 4243 V383086 5,051.11 .00 RAMIREZ, ANGEL 4314 V383087 4,285.43 .00 RANGEL, PRISCILLA 4337 V383088 4,906.47 .00 REYES, HUGO 98 V383089 4,104.29 .00 RODRIGUEZ, CHRISTIAN 4476 V383090 5,032.46 .00 RODRIGUEZ CASTILLERO, JOSEPH 259 V383091 5,061.71 .00 RUBALCAVA, EFRAIN 4590 V383092 5,387.97 .00 SOLIS, DANIEL 5000 V383093 4,234.24 .00 TEWELL, MELISSA 5282 V383094 4,975.37 .00 TOMSICK, MARTIN 5360 V383095 6,207.97 .00 TRAN, TUYET 5424 V383096 4,305.24 .00 TURNER, JERAMIAH 291 V383097 3,422.16 .00 WEAVER, CHAD 5577 V383098 5,626.87 .00 WILLIAMS, JUDITH 5660 V383099 3,488.51 .00 WILLIAMS-GIROUX, JACOB 499 V383100 6,583.96 .00 COLON, BOBBY 900 V383101 6,444.17 .00 LEE, CONNOR 2861 V383102 2,218.73 .00 MAERTZ, DANA 3018 V383103 2,076.81 .00 OCHOA, JENNY 283 V383104 5,327.14 .00 RICE, JAMES 4408 V383105 4,389.51 .00 SALAZAR, RYAN 4626 V383106 2,119.12 .00 SILVA, OSCAR 4886 V383107 2,133.76 .00 VAZQUEZ-CAMACHO, MARLENE 101 V383108 4,597.18 .00 VU, JEFFREY 5519 V383109 312.57 .00 BAIR, JOHN 284 V383110 709.86 .00 CASEY, DROUETT 771 V383111 1,241.28 .00 PATTON, DANA 4060 V383112 5,703.63 .00 BAILEY, JOHN 355 V383113 5,222.75 .00 BOUDREAU, CORY 583 V383114 2,412.96 .00 BOUDREAU, LAURA 2192 V383115 5,084.85 .00 CARNEY, THOMAS 751 V383116 1,933.39 .00 CHAN, KARA 795 V383117 4,212.08 .00 CHRISTIANSEN, ANDREW 97 V383118 5,192.91 .00 DAVENPORT, JOSEPH 1094 V383119 3,279.63 .00 EK, CHRISTOPHER 1477 V383120 3,662.87 .00 KALAGIAN, BRYANT 2436 SUNGARD PUBLIC SECTOR PAGE NUMBER: 6 DATE: 02/06/2025 CITY OF BUENA PARK PAYREP83 TIME: 20:50:10 CHECK REGISTER(CONCISE) SELECTION CRITERIA: checkhis.pay_run in ('MV4','MV5')

REGULAR CHECKS
V383121 2,872.50 .00 LOMELI, LISBETH 4516 V383122 3,253.15 .00 LOPEZ, VANESSA 2929 V383123 4,376.82 .00 LOPEZ, WILLYVALDO 2941 V383124 5,522.01 .00 LOWE, AUSTIN 2956 V383125 5,484.10 .00 MOON, DAVID 3479 V383126 1,541.21 .00 MORALES MALDONADO, IVETT 3490 V383127 1,793.30 .00 O'DETTE, NANCY 1920 V383128 5,661.82 .00 ORTEGA, MICHAEL 104 V383129 4,529.90 .00 PANTOJA, DAVID 3986 V383130 13,207.35 .00 PLUMLEE, ROGER 4180 V383131 2,238.48 .00 SULLIVAN, STACEY 5160 V383132 3,074.84 .00 TREADWAY, SARA 4210 V383133 4,343.32 .00 VU, KRISTINE 63 V383134 3,409.35 .00 YO, DANIEL 5752 V383135 2,071.00 .00 CARDENAS, MARGARET 336 V383136 2,080.34 .00 IBARRA, KRISTI 88 V383137 6,689.02 .00 MIKHAEL, MINA 3359 V383138 2,026.89 .00 ALMANZA, MINERVA 79 V383139 4,251.76 .00 ALQAM, NADER 71 V383140 4,025.66 .00 ARABOLU, DEEPTHI 178 V383141 2,894.87 .00 CAPISTRANO, FRANCES 74 V383142 2,716.40 .00 ESPARZA-ALMARAZ, AARON 383 V383143 2,628.92 .00 GUZMAN, HECTOR 512 V383144 3,080.39 .00 LANNAN, GREGORY 2791 V383145 2,399.28 .00 LEE, HYANG SUN 430 V383146 3,381.60 .00 MILLER, JADEN 513 V383147 2,780.78 .00 PENA, MANUEL 2933 V383148 3,004.76 .00 TRAN, JASON 96 V383149 3,905.65 .00 WRAY, NORMAN 5725 V383150 2,375.63 .00 ZARAGOZA, EDUARDO 5788 V383151 3,182.55 .00 AUBUCHON, LAURIE 250 V383152 2,066.96 .00 GENERA, ELIZABETH 1685 V383153 4,439.01 .00 HUNT, JOSEPH 2249 V383154 1,809.98 .00 LUX, ANDREA 2972 V383155 2,232.11 .00 VENEGAS MENDEZ, JAVIER 5491 V383156 1,203.11 .00 AREVALOS, RYAN 456 V383157 2,338.32 .00 BACA, ANDREW 315 V383158 1,918.92 .00 BANUELOS, CHRISTOPHER 345 V383159 2,714.54 .00 BRITO, MICHAEL 642 V383160 730.99 .00 CASTRO, JOHN 540 V383161 1,031.34 .00 COLLIER, SEAN 549 V383162 3,144.48 .00 ESCATEL-OROSCO, PEDRO 1537 V383163 2,315.66 .00 GONZALEZ, ALEJANDRO 1783 V383164 4,100.96 .00 LIBUNAO, NINO 2912 V383165 1,348.96 .00 LISCANO, CHRISTOPHER 850 V383166 1,215.35 .00 MARASCO, MATTHEW 289 V383167 1,275.72 .00 MARTINEZ, JEFFREY 535 V383168 1,881.37 .00 MUNOZ, JOHNNY 144 V383169 1,592.83 .00 NAJERA, JESSE 3630 V383170 1,275.72 .00 ORTIZ, RAYMOND 309 V383171 1,210.36 .00 PAPANIC, DENNIS 548 V383172 1,275.72 .00 PEREZ, ISAIAH 523 V383173 2,403.15 .00 RIVERA, JOE 4450 V383174 2,003.38 .00 RODRIGUEZ, OSCAR 131 V383175 1,641.85 .00 SERNA, JUAN 4728 V383176 943.13 .00 SMITH, FRANKIE 541 SUNGARD PUBLIC SECTOR PAGE NUMBER: 7 DATE: 02/06/2025 CITY OF BUENA PARK PAYREP83 TIME: 20:50:10 CHECK REGISTER(CONCISE) SELECTION CRITERIA: checkhis.pay_run in ('MV4','MV5')

REGULAR CHECKS
V383177 2,903.45 .00 TORREZ, JAVIER 69 V383178 3,007.32 .00 CARRILLO, EDWARD 765 V383179 1,134.36 .00 CHAVEZ, CAESAR 544 V383180 2,585.90 .00 ELLS, ZACHARY 1500 V383181 2,981.03 .00 ENNIS, JOSEPH 262 V383182 3,240.18 .00 FINCH, BARRETT 1574 V383183 2,850.74 .00 HAGAN, KEVIN 1947 V383184 2,913.70 .00 KVENBO, SCOTT 2750 V383185 1,749.54 .00 LAUTERIO, MATTHEW 533 V383186 2,125.82 .00 MARTINEZ, MARCO 215 V383187 2,613.16 .00 MARTINEZ, RAMIRO 3146 V383188 4,380.15 .00 MCGEE, MICHAEL 9306 V383189 2,827.68 .00 MILLER, DAVID 3390 V383190 2,942.59 .00 MOJARRO, ANDREW 3082 V383191 3,342.79 .00 MOORE, FRANK 3486 V383192 1,552.99 .00 MYLLES, JOSHUA 279 V383193 3,470.98 .00 PERKINS, CUMARI 454 V383194 1,746.75 .00 PRECIADO, CAMDEN 134 V383195 2,413.03 .00 SANCHEZ, JUAN 4617 V383196 2,164.04 .00 SPEAR, ANTHONY 5011 V383197 2,789.19 .00 STEPHENSON, MARK 5122 V383198 2,141.94 .00 TAVARES, JAMEY 5231 V383199 1,761.21 .00 ALVAREZ, CARLOS 136 V383200 2,470.82 .00 DAHL, TERRY 1084 V383201 2,521.06 .00 DOMINGUEZ, KEVIN 565 V383202 1,650.45 .00 ELLIOTT, JAYLEN 569 V383203 1,130.48 .00 ESPINO, KEVIN 517 V383204 2,383.33 .00 GARCIA ORTEGA, JOSE 1636 V383205 1,940.84 .00 GRIMES, DAVID 1881 V383206 1,807.74 .00 GUZMAN, KEVIN 132 V383207 2,228.52 .00 KOSS, MICHAEL 2718 V383208 3,944.08 .00 MARTINEZ, GABRIEL 3139 V383209 2,480.78 .00 MELLADO, KIM 3289 V383210 2,677.60 .00 MERROW, MATTHEW 3316 V383211 2,975.97 .00 OTTEN, DAVID 3869 V383212 3,427.62 .00 PORTER, JEFFREY 4174 V383213 4,003.79 .00 RODRIGUEZ, EDWARD 4479 V383214 2,356.52 .00 RUIZ, ALEJANDRO 416 V383215 2,174.80 .00 TORRES, SALVADOR 234 V383216 2,270.06 .00 WELLS, ANTHONY 5610 V383217 1,130.48 .00 YANEZ, ANDREW 521 V383218 1,089.95 .00 AVERELL, ANDREW 349 V383219 2,619.55 .00 CAMPIZTA, ADAM 225 V383220 2,831.73 .00 DE LA CRUZ, RICARDO 558 V383221 3,042.21 .00 MACIAS, RAYMOND 2998 V383222 2,515.21 .00 WEAR, JOHN 5606 V383223 2,111.20 .00 ALARCON, ALEXANDER 485 V383224 6,682.87 .00 BOX, JAMES 576 V383225 2,004.44 .00 CHAVEZ, ARIANA 788 V383226 23.70 .00 CHENCINSKI, COLETTE 487 V383227 1,839.99 .00 CONTRERAS, SAUL 95 V383228 .00 .00 FRUTOS, JERRY 488 V383229 23.70 .00 HOLGUIN, COURTNEY 394 V383230 4,772.26 .00 KURATA, DALE 2749 V383231 1,987.26 .00 MANCILLA, JSSICA 451 V383232 2,513.90 .00 MARTINEZ, SERENA 3147 SUNGARD PUBLIC SECTOR PAGE NUMBER: 8 DATE: 02/06/2025 CITY OF BUENA PARK PAYREP83 TIME: 20:50:10 CHECK REGISTER(CONCISE) SELECTION CRITERIA: checkhis.pay_run in ('MV4','MV5')

REGULAR CHECKS
V383233 1,974.72 .00 MOMPELLER, JUSTICE 443 V383234 654.99 .00 SANCHEZ, CHRISTOPHER 236 V383235 3,284.49 .00 SAUCEDA, MARK 4642 V383236 23.70 .00 WALLACE, DEAN 402 V383237 1,055.21 .00 ALVARADO, ADRIAN 89 V383238 370.27 .00 BAHENA, PEDRO 148 V383239 217.80 .00 BAKER, JAMISON 465 V383240 296.21 .00 BARENG, KATHERINE 33 V383241 82.77 .00 BELCHER-HALL, JACOB 333 V383242 261.36 .00 CARVENTE, GIANJAVIER 334 V383243 569.38 .00 CISNEROS, MICHELLE 812 V383244 156.82 .00 DURGIN, JAYLIND 186 V383245 296.21 .00 FERNANDEZ, GISSEL 330 V383246 461.74 .00 GARCIA, MICHELE 171 V383247 470.45 .00 GONZALEZ, ISAAC 294 V383248 453.03 .00 GRANDE, DANIELLE 124 V383249 798.44 .00 GUERRA, ATHZIRI 141 V383250 452.44 .00 GUERRA, ROCCO 44 V383251 300.57 .00 GUILLEN, JAYDEN 339 V383252 586.33 .00 GUTIERREZ, MICHELLE 1925 V383253 265.73 .00 HERNANDEZ, KATE 2091 V383254 587.23 .00 HOLLOWAY, ELIZABETH 2185 V383255 52.27 .00 JUBRAN, NOAH 127 V383256 104.54 .00 LEWIS, ALEC 266 V383257 681.75 .00 MAGANA, ADAM 173 V383258 1,046.69 .00 MORENO, ANDREW 161 V383259 322.35 .00 NGHIEM, NATALIE 249 V383260 383.34 .00 OCHOA, ALAN 192 V383261 506.95 .00 ONTIVEROS, IZABELLA 3864 V383262 654.99 .00 RIVERA GOMEZ, YAMILEX 4432 V383263 461.74 .00 RODRIGUEZ, KAREN 538 V383264 226.52 .00 RODRIGUEZ, MIKAYLA 295 V383265 174.24 .00 ROQUE, KATRINA 38 V383266 574.30 .00 RUIZ, LUIS 527 V383267 980.85 .00 RUSSELL, JEFFREY 150 V383268 514.03 .00 SANCHEZ, NATHAN 504 V383269 357.20 .00 SOLTERO, JESSE 177 V383270 243.94 .00 SORIA, NOAH 5004 V383271 715.66 .00 STRICKLER, LINDA 5135 V383272 182.95 .00 TAPIA, ANGELICA 306 V383273 339.77 .00 THANKESWARAN, HASHMITHAA 543 V383274 1,359.10 .00 THOMSEN, MATTHEW 194 V383275 2,653.81 .00 VAN SICKLE, MICHELLE 2076 V383276 548.62 .00 VAZQUEZ, OSCAR 152 V383277 483.52 .00 VELOZ, SABRINA 146 V383278 400.76 .00 WONGSUPHAKPHAN, BRIANNA 337 V383279 703.45 .00 AGUILAR, KALVIN 23 V383280 522.72 .00 BARTOLO, BRYAN 338 V383281 664.96 .00 CABUSAO, NINA MARINELLA 729 V383282 369.34 .00 CASTILLO, DARLENE 119 V383283 637.40 .00 CERVANTES, BRIANA 757 V383284 815.88 .00 CHOATE, RACHAEL 511 V383285 2,652.01 .00 DAVIS, TANIKKA 1082 V383286 641.45 .00 DELGADO, ISABEL 502 V383287 2,100.78 .00 GILLIAM, VERONICA 218 V383288 536.06 .00 GONZALES, STACI 484 SUNGARD PUBLIC SECTOR PAGE NUMBER: 9 DATE: 02/06/2025 CITY OF BUENA PARK PAYREP83 TIME: 20:50:10 CHECK REGISTER(CONCISE) SELECTION CRITERIA: checkhis.pay_run in ('MV4','MV5')

REGULAR CHECKS
V383289 773.66 .00 HONG, YI 2189 V383290 3,233.50 .00 HURTADO, MARIA 353 V383291 1,117.12 .00 LARIZ RUBALCAVA, CARLOS 429 V383292 582.12 .00 LIZARRAGA, ERIK 483 V383293 2,226.51 .00 MARQUEZ PINEDO, ANALISA 3118 V383294 1,018.00 .00 MEGGINSON, MARK 562 V383295 722.19 .00 MENDOZA, GISELLE 522 V383296 270.08 .00 MORISON, MATTHEW 243 V383297 2,511.44 .00 NIELSEN, ROSEMARY 3760 V383298 480.15 .00 ORTIZ, YAHAIRA 241 V383299 611.43 .00 ROJAS, ASHLEY 473 V383300 357.20 .00 RUFINO, JACOB 528 V383301 221.60 .00 RUIZ, ANA 4591 V383302 1,049.47 .00 RUIZ, GIANCARLO 466 V383303 970.68 .00 SANCHEZ, LORETTA 462 V383304 597.78 .00 SINGH, YASMINE 479 V383305 722.19 .00 SOSA, ELIANNA 341 V383306 361.13 .00 TOLMAIRE, CHANTEL 463 V383307 613.52 .00 VALDEZ, NATALIA 46 V383308 310.59 .00 VEGA-MATA, PEDRO 278

PAYRUN TOTAL
CHECK: 406 1,083,749.88 .00
TOTAL
CHECKS: 407 1,083,749.88 348.49
City of Buena Park
City Council Regular Meeting Agenda Report
TREASURER'S REPORT FOR THE MONTH OF JANUARY 2025
Meeting
Tuesday, February 25, 2025, 5:00 PM
Agenda Group
CONSENT CALENDAR Item: 4C.

Presented By
Sung Hyun, Director of Finance
Approved By
Aaron France, City Manager
Prepared By
Sung Hyun, Director of Finance
Approved By
Aaron France, City Manager
Presented By
Sung Hyun, Director of Finance
Attachments
Treasurers Report Att1of4.pdf
Treasurers Report Att2of4.pdf
Treasurers Report Att3of4.pdf
Treasurers Report Att4of4.pdf

RECOMMENDED ACTION
Receive and file the reports.

PREVIOUS CITY COUNCIL ACTION
None.

DISCUSSION
The City of Buena Park's Investment Policy adopted by the City Council on February 13, 2024, requires the City Treasurer to submit a detailed investment report to the City Council. Attached for review are the Treasurer's Investment Reports for the month of January 2025. All of the investments listed meet the requirements of both the Government Code and the City Investment Policy.

BUDGET IMPACT
None.

RDA
City Bond Proceeds
DESCRIPTION Book Balance Series B Total
Union Bank - City Checking Account 5,790,573.61 - 5,790,573.61 Union Bank - Outstanding checks (1,561,219.11) - (1,561,219.11) Union Bank - Outstanding deposits 93,279.52 - 93,279.52 4,322,634.02 - 4,322,634.02 Local Agency Investment Fund 25,667,714.12 - 25,667,714.12 Governmental Agency Securities 28,886,879.05 - 28,886,879.05 CMBS 3,859,960.94 - 3,859,960.94 Money Market Mutual 1,827,481.09 1,339,599.68 3,167,080.77 Supranational 3,383,135.00 - 3,383,135.00 Corporate 26,082,767.35 - 26,082,767.35 U S Treasury 41,760,005.89 - 41,760,005.89 Payables/Receivable 1,426.75 - 1,426.75 131,469,370.19 1,339,599.68 132,808,969.87
Total 135,792,004.21 1,339,599.68 137,131,603.89 Cash
Fund Description Balance
11 - General Fund 54,708,666.61
12 - Economic Development Fund 8,229,808.58
17 - Opioid Settlement Fund 589,574.91
18 - Local Law Enforcement Fund 80,076.80
20 - Asset Forfeiture Fund 613,485.26
21 - Capital Project Fund (24,250.04)
22 - Prop 172 PD Augment Fund 202,586.54
23 - State Law Enf Supp Fund 40,420.23
24 - State Gas Tax Fund 7,149,762.20
25 - Measure M2 3,278,416.57
28 - HOME Deferred Loan Fund 1,598,594.77
29 - Economic Development Fund (CDBG) 521,810.92
30 - State OCATT Fund (90,335.19)
31 - Calhome Program 1,345,540.16
32 - Park In-Lieu Fund -
33 - Traffic Congestion Relief Fund 81,197.65
40 - AB 2766 (AQMD) Fund 436,167.17
52 - Water Enterprise Fund 32,969,816.96
53 - Wastewater Enterprise Fund 566,612.40
62 - Workers' Comp Self-Ins Fund 4,836,915.25
63 - Public Liab Self-Ins Fund 538,662.40
65 - Accrued Leave Fund 404,922.57
71 - Equip Maint & Replacement Fund 8,257,430.59
73 - Payroll Revolving Fund -
74 - Management Info Systems Fund 1,906,910.05
77 - Gov't Buildings Maintenance Fund 614,151.78
96 - Tourism & Marketing Dist 1,210,132.79
97 - Successor Fund to RDA 5,191,134.44
98 - Housing Successor Fund 1,873,391.52
Total Cash 137,131,603.89
* All investments are made in accordance with the City's adopted investment policy. * The City has sufficient resources to meet expenditures for the next six (6) months.

CITY OF BUENA PARK
Treasurer's Report of Monies on Deposit
Period Ending January 31, 2025
City of Buena Park Core | Account #405 | As of January 31, 2025PORTFOLIO SUMMARYPortfolio Characteristics Sector Allocation
Performance Review
Account Summary
Maturity Distribution
Top Issuers
Credit Quality (S&P)
Total Rate of Return** 1M 3M YTD 1YR 2YRS 3YRS 5YRS 10YRS(01/01/06)City of Buena Park Core AA+End Values as of 12/31/2024End Values as of 01/31/2025Total Market Value 106,189,122.22 106,710,003.86Par

City of Buena Park Core | Account #405 | As of January 31, 2025STATEMENT OF COMPLIANCERules Name Limit ActualCompliance StatusNotes5 5 4
City of Buena Park Core | Account #405 | As of January 31, 2025STATEMENT OF COMPLIANCERules Name Limit ActualCompliance StatusNotes5FEDERAL AGENCIES5 455MUTUAL FUNDS City of Buena Park Core | Account #405 | As of January 31, 2025STATEMENT OF COMPLIANCERules Name Limit ActualCompliance StatusNotes55 3U.S. TREASURIES5 4 City of Buena Park Core | Account #405 | As of January 31, 2025RECONCILIATION SUMMARYAccrual Activity Summary Fair Market Activity Summary
Month to DateFiscal Year to Date(07/01/2024) Month to DateFiscal Year to Date(07/01/2024) Maturities / CallsMonth to Date (1,300,000.00)Fiscal Year to Date (12,845,000.00)Principal PaydownsMonth to Date 0.00Fiscal Year to Date 0.00PurchasesMonth to Date 1,540,383.95Fiscal Year to Date 30,099,551.02SalesMonth to Date (7,975.89)Fiscal Year to Date (13,533,740.86)Interest ReceivedMonth to Date 240,383.95Fiscal Year to Date 1,855,092.36Purchased / Sold InterestMonth to Date 0.00Fiscal Year to Date (78,760.64) City of Buena Park Core | Account #405 | As of January 31, 2025HOLDINGS REPORTCusipUnitsCost ValueMkt YTMMarket ValueAccrued Int.Gain/LossFitchMaturityAGENCY02/12/202503/04/2020Aaa/AA+AA+3130AUZC1Aaa/AA+AA+3135G03U5Aaa/AA+AA+3135G04Z3Aaa/AA+AA+Aaa/AA+AA+Aaa/AA+AA+Aaa/AA+AA+Aaa/AA+AA+12/12/202505/31/2023Aaa/AA+AA+Aaa/AA+AA+Aaa/AA+AA+Aaa/AA+AA+Aaa/AA+AA+10/31/2023Aaa/AA+AA+Aaa/AA+AA+ City of Buena Park Core | Account #405 | As of January 31, 2025HOLDINGS REPORTCusipUnitsCost ValueMkt YTMMarket ValueAccrued Int.Gain/LossFitchMaturityAaa/AA+AA+11/14/2023Aaa/AA+AA+Aaa/AA+AA+04/10/2024Aaa/AA+AA+3130B1BC0Aaa/AA+AA+Total Agency 28,895,000.00 3.24%28,886,879.0528,861,047.6299.694.25%28,800,650.97219,607.7427.20%(60,396.65)Aaa/AA+AA+1.871.71Aaa/AA+AA+Aaa/AA+AA+Aaa/AA+AAA10/30/2024Aaa/AA+AAATotal Agency 4,000,000.00 4.25%3,859,960.943,876,525.5895.704.59%3,827,332.6011,101.673.61%(49,192.98)Aaa/AA+AA+3.783.34Aaa/AAAAAATotal Cash 1,426.75 0.00%1,426.751,426.751.000.00%1,426.750.000.00%0.00Aaa/AAAAAA0.000.00 City of Buena Park Core | Account #405 | As of January 31, 2025HOLDINGS REPORTCusipUnitsCost ValueMkt YTMMarket ValueAccrued Int.Gain/LossFitchMaturityA1/A+NA03/14/2022A2/AA05/01/2025A3/AA05/20/2021A1/AA1/A+A+05/05/2021A1/AA2/AAAa1/A+AA10/31/2023Aa3/A+03/14/2022Aa2/AAA+NAAa3/A023135CF1A1/AAA2/A+A+Aa2/AAAAA2/A+A City of Buena Park Core | Account #405 | As of January 31, 2025HOLDINGS REPORTCusipUnitsCost ValueMkt YTMMarket ValueAccrued Int.Gain/LossFitchMaturityAaa/AA+NAA1/A+NAA1/A+NAAa3/A+NAA1/A+NAA1/AA+02/12/2024A1/A+NANAA2/AA+NAA1/AA+A2/AATotal Corporate 26,235,000.00 3.94%26,082,767.3526,145,505.3399.534.55%26,106,707.64304,532.6924.65%(38,797.70)A1/A+A+2.362.10FUNDAaa/AAAmAAATotal Money Market Fund 1,827,481.09 5.17%1,827,481.091,827,481.091.004.26%1,827,481.090.001.73%0.00Aaa/AAAmAAA0.000.00 City of Buena Park Core | Account #405 | As of January 31, 2025HOLDINGS REPORTCusipUnitsCost ValueMkt YTMMarket ValueAccrued Int.Gain/LossFitchMaturityAaa/AAANAAaa/AAANATotal 3,500,000.00 4.06%3,383,135.003,413,665.8796.554.34%3,379,061.9025,861.113.19%(34,603.97)Aaa/AAANA3.553.28US TREASURY03/31/2025Aaa/AA+AA+05/31/2025Aaa/AA+AA+05/31/2023Aaa/AA+AA+10/31/2025Aaa/AA+AA+12/31/202501/11/2021Aaa/AA+AA+Aaa/AA+AA+05/31/2023Aaa/AA+AA+Aaa/AA+AA+Aaa/AA+AA+Aaa/AA+AA+Aaa/AA+AA+10/04/2022Aaa/AA+AA+ City of Buena Park Core | Account #405 | As of January 31, 2025HOLDINGS REPORTCusipUnitsCost ValueMkt YTMMarket ValueAccrued Int.Gain/LossFitchMaturityAaa/AA+AA+Aaa/AA+AA+Aaa/AA+AA+Aaa/AA+AA+10/04/2022Aaa/AA+AA+Aaa/AA+AA+Aaa/AA+AA+Aaa/AA+AA+02/23/2023Aaa/AA+AA+05/31/2023Aaa/AA+AA+10/30/2024Aaa/AA+AA+03/12/2024Aaa/AA+AA+Aaa/AA+AA+Aaa/AA+AA+Aaa/AA+AA+12/30/2024Aaa/AA+AA+12/30/2024Aaa/AA+AA+Total US Treasury 43,250,000.00 3.26%41,760,005.8942,563,217.9397.044.26%41,953,626.90252,612.8139.62%(609,591.04)Aaa/AA+AA+2.322.15 City of Buena Park Core | Account #405 | As of January 31, 2025HOLDINGS REPORTCusipUnitsCost ValueMkt YTMMarket ValueAccrued Int.Gain/LossFitchMaturity107,708,907.84 3.51%105,801,656.07106,688,870.1896.654.35%105,896,287.84813,716.02100.00%(792,582.34)Aa1/AAAA+2.262.06Total Market Value + Accrued 106,710,003.86 City of Buena Park Core | Account #405 | As of January 31, 2025TRANSACTION LEDGERTypeDateAcq/Disp YieldAmountSoldTotal Amount Gain/LossACQUISITIONS01/03/202501/10/202501/13/202501/14/202501/21/202501/30/202501/31/20251,540,383.95 (1,540,383.95) 0.00 (1,540,383.95) 0.00TOTAL ACQUISITIONS 1,540,383.95 (1,540,383.95) 0.00 (1,540,383.95) 0.0001/31/2025Total Maturity (1,300,000.00) 1,300,000.00 0.00 1,300,000.00 0.0001/14/2025Total Sale (7,975.89) 7,975.89 0.00 7,975.89 0.00TRANSACTIONS (1,307,975.89) 1,307,975.89 0.00 1,307,975.89 0.0001/14/2025 City of Buena Park Core | Account #405 | As of January 31, 2025TRANSACTION LEDGERTypeDateAcq/Disp YieldAmountSoldTotal Amount Gain/LossTotal Cash Transfer (7,975.89) (7,975.89) 0.00 (7,975.89) 0.0001/01/202501/01/202501/01/202501/01/202501/10/202501/12/202501/14/202501/21/202501/30/202501/31/202501/31/202501/31/202501/31/2025 City of Buena Park Core | Account #405 | As of January 31, 2025TRANSACTION LEDGERTypeDateAcq/Disp YieldAmountSoldTotal Amount Gain/Loss01/31/202501/31/2025Total Coupon 0.00 230,499.16 0.00 230,499.16 0.0001/31/2025Total Dividend 0.00 1,426.75 0.00 1,426.75 0.00TRANSACTIONS (7,975.89) 223,950.02 0.00 223,950.02 0.00 City of Buena Park Core | Account #405 | As of January 31, 2025INCOME EARNEDCusipTrade DateUnitsInc. ReceivedEnding AccruedTotal InterestAccr. Of DiscountNet Accret/AmortIncome EarnedTotal IncomeTotal Cash & Equivalents 1,828,907.84304,957.821,540,383.95(7,975.89)1,828,907.840.009,884.790.009,884.790.000.000.009,884.79 9,884.79FIXED INCOME03/20/2023023135CF101/31/202305/01/2025 City of Buena Park Core | Account #405 | As of January 31, 2025INCOME EARNEDCusipTrade DateUnitsInc. ReceivedEnding AccruedTotal InterestAccr. Of DiscountNet Accret/AmortIncome EarnedTotal Income03/14/202205/20/202403/01/202405/31/2023 City of Buena Park Core | Account #405 | As of January 31, 2025INCOME EARNEDCusipTrade DateUnitsInc. ReceivedEnding AccruedTotal InterestAccr. Of DiscountNet Accret/AmortIncome EarnedTotal Income3130AUZC13130B1BC011/14/202311/15/202305/10/202301/31/2024 City of Buena Park Core | Account #405 | As of January 31, 2025INCOME EARNEDCusipTrade DateUnitsInc. ReceivedEnding AccruedTotal InterestAccr. Of DiscountNet Accret/AmortIncome EarnedTotal Income10/31/202311/01/202304/10/202404/15/20243135G03U53135G04Z302/12/202503/04/202003/05/202010/20/2020 City of Buena Park Core | Account #405 | As of January 31, 2025INCOME EARNEDCusipTrade DateUnitsInc. ReceivedEnding AccruedTotal InterestAccr. Of DiscountNet Accret/AmortIncome EarnedTotal Income01/31/202412/12/202410/30/202411/04/202405/05/202102/12/202402/14/2024 City of Buena Park Core | Account #405 | As of January 31, 2025INCOME EARNEDCusipTrade DateUnitsInc. ReceivedEnding AccruedTotal InterestAccr. Of DiscountNet Accret/AmortIncome EarnedTotal Income03/20/202310/31/202311/02/202301/31/202303/20/202305/20/202105/24/202103/21/2024 City of Buena Park Core | Account #405 | As of January 31, 2025INCOME EARNEDCusipTrade DateUnitsInc. ReceivedEnding AccruedTotal InterestAccr. Of DiscountNet Accret/AmortIncome EarnedTotal Income04/15/202503/14/202211/10/202205/12/202512/31/202110/04/202210/05/202203/12/202403/13/202410/04/202210/05/2022 City of Buena Park Core | Account #405 | As of January 31, 2025INCOME EARNEDCusipTrade DateUnitsInc. ReceivedEnding AccruedTotal InterestAccr. Of DiscountNet Accret/AmortIncome EarnedTotal Income03/31/202503/31/202101/11/202101/12/202103/31/2021 City of Buena Park Core | Account #405 | As of January 31, 2025INCOME EARNEDCusipTrade DateUnitsInc. ReceivedEnding AccruedTotal InterestAccr. Of DiscountNet Accret/AmortIncome EarnedTotal Income05/31/202205/31/202205/31/2023 City of Buena Park Core | Account #405 | As of January 31, 2025INCOME EARNEDCusipTrade DateUnitsInc. ReceivedEnding AccruedTotal InterestAccr. Of DiscountNet Accret/AmortIncome EarnedTotal Income02/23/202305/31/202305/31/202310/30/202410/31/202412/30/202412/31/202412/30/202412/31/202412/30/2022 City of Buena Park Core | Account #405 | As of January 31, 2025INCOME EARNEDCusipTrade DateUnitsInc. ReceivedEnding AccruedTotal InterestAccr. Of DiscountNet Accret/AmortIncome EarnedTotal IncomeTotal Fixed Income 105,880,000.00106,122,830.500.00(1,300,000.00)104,859,962.34777,545.70230,499.16813,716.02266,669.4942,406.70(5,274.86)37,131.84303,801.32 303,801.32107,708,907.84106,427,788.321,540,383.95(1,307,975.89)106,688,870.18777,545.70240,383.95813,716.02276,554.2842,406.70(5,274.86)37,131.84313,686.11 313,686.11 City of Buena Park Core | Account #405 | As of January 31, 2025CASH FLOW REPORTIncome Total Amount02/03/202502/10/202502/12/202502/12/202502/12/202502/12/202502/25/202502/25/202502/25/202502/25/202502/25/2025February 2025 Total 2,101,426.75 377,700.42 2,479,127.17 City of Buena Park Core | Account #405 | As of January 31, 2025CASH FLOW REPORTIncome Total Amount03/10/202503/10/202503/10/202503/11/202503/13/202503/14/202503/14/20253130AUZC103/14/202503/14/20253130AUZC103/14/202503/24/202503/25/202503/25/202503/25/202503/25/202503/31/202503/31/202503/31/202503/31/202503/31/2025March 2025 Total 2,250,000.00 276,566.67 2,526,566.6704/10/2025 City of Buena Park Core | Account #405 | As of January 31, 2025CASH FLOW REPORTIncome Total Amount04/14/2025023135CF104/15/202504/15/202504/15/202504/22/20253135G03U504/22/20253135G03U504/22/202504/22/202504/25/202504/25/202504/25/202504/25/202504/30/202504/30/202504/30/202504/30/202504/30/2025April 2025 Total 2,750,000.00 226,104.17 2,976,104.17MAY 202505/01/202505/01/202505/05/202505/12/202505/12/202505/12/202505/12/2025 City of Buena Park Core | Account #405 | As of January 31, 2025CASH FLOW REPORTIncome Total Amount05/13/202505/13/202505/15/2025May 2025 Total 1,750,000.00 192,789.17 1,942,789.17JUNE 20253130B1BC03135G04Z33135G04Z3 City of Buena Park Core | Account #405 | As of January 31, 2025CASH FLOW REPORTIncome Total AmountJune 2025 Total 3,650,000.00 286,707.92 3,936,707.92JULY 2025 July 2025 Total 1,300,000.00 221,561.67 1,521,561.67AUGUST 2025 City of Buena Park Core | Account #405 | As of January 31, 2025CASH FLOW REPORTIncome Total AmountAugust 2025 Total 3,000,000.00 306,137.92 3,306,137.92 City of Buena Park Core | Account #405 | As of January 31, 2025CASH FLOW REPORTIncome Total AmountSeptember 2025 Total 2,500,000.00 305,004.17 2,805,004.1710/10/202510/14/2025023135CF110/15/202510/30/202510/31/202510/31/202510/31/2025 City of Buena Park Core | Account #405 | As of January 31, 2025CASH FLOW REPORTIncome Total Amount10/31/202510/31/2025October 2025 Total 1,000,000.00 206,355.42 1,206,355.4211/03/202511/10/202511/10/202511/10/202511/13/202511/13/202511/25/202511/25/202511/25/202511/25/2025November 2025 Total 2,100,000.00 178,601.67 2,278,601.6712/01/202512/01/202512/01/20253130B1BC012/11/202512/11/2025 City of Buena Park Core | Account #405 | As of January 31, 2025CASH FLOW REPORTIncome Total Amount12/12/202512/12/202512/12/202512/25/202512/25/202512/25/202512/25/202512/31/202512/31/202512/31/202512/31/202512/31/2025December 2025 Total 2,145,000.00 277,020.42 2,422,020.42Grand Total 244,720,000.00 24,546,426.75 2,854,549.58 27,400,976.33 City of Buena Park Liquid | Account #406 | As of January 31, 2025PORTFOLIO SUMMARYPortfolio Characteristics Sector Allocation
Performance Review
Account Summary
Maturity Distribution
Top Issuers
Credit Quality (S&P)
Total Rate of Return** 1M 3M YTD 1YR 2YRS 3YRS 5YRS 10YRS(01/01/06)City of Buena Park Liquid AAAEnd Values as of 12/31/2024End Values as of 01/31/2025Accrued InterestTotal Market Value 15,073,960.71 25,667,714.12ParLAIF

City of Buena Park Liquid | Account #406 | As of January 31, 2025RECONCILIATION SUMMARYAccrual Activity Summary Fair Market Activity Summary
Month to DateFiscal Year to Date(07/01/2024) Month to DateFiscal Year to Date(07/01/2024) Maturities / CallsMonth to Date 0.00Fiscal Year to Date 0.00Principal PaydownsMonth to Date 0.00Fiscal Year to Date 0.00PurchasesMonth to Date 14,217,516.18Fiscal Year to Date 19,822,111.60SalesMonth to Date (3,500,000.00)Fiscal Year to Date (26,250,000.00)Interest ReceivedMonth to Date 361,309.80Fiscal Year to Date 965,905.22Purchased / Sold InterestMonth to Date 0.00Fiscal Year to Date 0.00 City of Buena Park Liquid | Account #406 | As of January 31, 2025HOLDINGS REPORTCusipPar Value/UnitsPurchase DatePurchase YieldCost ValueBook ValueMkt PriceMkt YTMMarket ValueAccrued Int.% of Port.Gain/LossMoody's/S&P/FitchMaturityCASHAAA/AAAAAATotal Cash 87,628.48 0.00%87,628.4887,628.481.000.00%87,628.480.000.34%0.00AAA/AAAAAA0.000.00LAIF NA/NANATotal LAIF 25,580,085.64 4.35%25,580,085.6425,580,085.641.004.35%25,580,085.640.0099.66%0.00NA/NANA0.000.0025,667,714.12 4.34%25,667,714.1225,667,714.121.004.34%25,667,714.120.00100.00%0.00NR/NRNR0.000.00Total Market Value + Accrued 25,667,714.12 City of Buena Park Liquid | Account #406 | As of January 31, 2025TRANSACTION LEDGERTypeDateCUSIPPriceAcq/Disp YieldAmountInterest Pur/SoldTotal Amount Gain/LossACQUISITIONS01/13/202501/15/2025Total Purchase 14,217,516.18 (14,217,516.18) 0.00 (14,217,516.18) 0.00TOTAL ACQUISITIONS 14,217,516.18 (14,217,516.18) 0.00 (14,217,516.18) 0.00OTHER Total Sale (3,500,000.00) 3,500,000.00 0.00 3,500,000.00 0.00TOTAL OTHER TRANSACTIONS (3,500,000.00) 3,500,000.00 0.00 3,500,000.00 0.00OTHER 01/13/202501/15/2025Total Cash Transfer 10,356,206.38 10,356,206.38 0.00 10,356,206.38 0.00TOTAL OTHER TRANSACTIONS 10,356,206.38 10,356,206.38 0.00 10,356,206.38 0.00 City of Buena Park Liquid | Account #406 | As of January 31, 2025INCOME EARNEDCusipTrade DateUnitsBook Value: BeginBook Value: AcqBook Value: DispBook Value: EndPrior AccruedInc. ReceivedEnding AccruedTotal InterestAccr. Of DiscountAmort. Of PremiumNet Accret/AmortIncome EarnedTotal IncomeCASH & EQUIVALENTSTotal Cash & Equivalents 87,628.48211,391.250.000.0087,628.480.000.000.000.000.000.000.000.00 0.00LAIFTotal LAIF 25,580,085.6414,862,569.4614,217,516.18(3,500,000.00)25,580,085.640.00361,309.800.00361,309.800.000.000.00361,309.80 361,309.80TOTAL PORTFOLIO 25,667,714.1215,073,960.7114,217,516.18(3,500,000.00)25,667,714.120.00361,309.800.00361,309.800.000.000.00361,309.80 361,309.80 City of Buena Park Liquid | Account #406 | As of January 31, 2025CASH FLOW REPORTPayment DateCUSIPPrincipal Amount Income Total AmountAPRIL 202504/15/2025April 2025 Total 87,628.48 87,628.48Grand Total 25,580,085.64 87,628.48 87,628.48 CONFIDENTIAL | 2
City of Buena Park RDA Series B Bond | Account #10033 | As of January 31, 2025PORTFOLIO SUMMARYPortfolio Characteristics Sector Allocation
Performance Review
Account Summary
Maturity Distribution
Top Issuers
Credit Quality (S&P)
Total Rate of Return** 1M 3M YTD 1YR 2YRS 3YRS 5YRS 10YRS(08/01/08)Buena Park RDA Series B Bond AAAEnd Values as of 12/31/2024End Values as of 01/31/2025Accrued InterestTotal Market Value 1,334,778.16 1,339,599.68Income EarnedPar

CONFIDENTIAL | 3
City of Buena Park RDA Series B Bond | Account #10033 | As of January 31, 2025STATEMENT OF COMPLIANCERules Name Limit ActualCompliance StatusNotesBANKERS' ACCEPTANCESCOMMERCIAL PAPERFEDERAL AGENCIESMONEY MARKET MUTUAL FUNDSU.S. TREASURIES City of Buena Park RDA Series B Bond | Account #10033 | As of January 31, 2025RECONCILIATION SUMMARYAccrual Activity Summary Fair Market Activity Summary
Month to DateFiscal Year to Date(07/01/2024) Month to DateFiscal Year to Date(07/01/2024) Maturities / CallsMonth to Date 0.00Fiscal Year to Date 0.00Principal PaydownsMonth to Date 0.00Fiscal Year to Date 0.00PurchasesMonth to Date 4,985.51Fiscal Year to Date 37,639.91SalesMonth to Date 0.00Fiscal Year to Date 0.00Interest ReceivedMonth to Date 4,985.51Fiscal Year to Date 37,639.91Purchased / Sold InterestMonth to Date 0.00Fiscal Year to Date 0.00 CONFIDENTIAL | 5
City of Buena Park RDA Series B Bond | Account #10033 | As of January 31, 2025HOLDINGS REPORTCusipPar Value/UnitsPurchase DatePurchase YieldCost ValueBook ValueMkt PriceMkt YTMMarket ValueAccrued Int.% of Port.Gain/LossMoody's/S&P/FitchMaturityCASHAaa/AAAAAATotal Cash 4,821.52 0.00%4,821.524,821.521.000.00%4,821.520.000.36%0.00Aaa/AAAAAA0.000.00MONEY MARKET FUNDAaa/AAAmAAATotal Money Market Fund 1,334,778.16 5.17%1,334,778.161,334,778.161.004.26%1,334,778.160.0099.64%0.00Aaa/AAAmAAA0.000.001,339,599.68 5.15%1,339,599.681,339,599.681.004.24%1,339,599.680.00100.00%0.00Aaa/AAAAAA0.000.00Total Market Value + Accrued 1,339,599.68 City of Buena Park RDA Series B Bond | Account #10033 | As of January 31, 2025TRANSACTION LEDGERTypeDateCUSIPPriceAcq/Disp YieldAmountInterest Pur/SoldTotal Amount Gain/LossACQUISITIONS01/03/2025INSTTotal Purchase 4,985.51 (4,985.51) 0.00 (4,985.51) 0.00TOTAL ACQUISITIONS 4,985.51 (4,985.51) 0.00 (4,985.51) 0.00OTHER 01/31/2025INSTTotal Dividend 0.00 4,821.52 0.00 4,821.52 0.00TOTAL OTHER TRANSACTIONS 0.00 4,821.52 0.00 4,821.52 0.00 City of Buena Park RDA Series B Bond | Account #10033 | As of January 31, 2025INCOME EARNEDCusipTrade DateUnitsBook Value: BeginBook Value: AcqBook Value: DispBook Value: EndPrior AccruedInc. ReceivedEnding AccruedTotal InterestAccr. Of DiscountAmort. Of PremiumNet Accret/AmortIncome EarnedTotal IncomeCASH & EQUIVALENTSTotal Cash & Equivalents 1,339,599.681,334,778.164,985.510.001,339,599.680.004,985.510.004,985.510.000.000.004,985.51 4,985.51TOTAL PORTFOLIO 1,339,599.681,334,778.164,985.510.001,339,599.680.004,985.510.004,985.510.000.000.004,985.51 4,985.51 City of Buena Park RDA Series B Bond | Account #10033 | As of January 31, 2025CASH FLOW REPORTPayment DateCUSIPPrincipal Amount Income Total AmountFEBRUARY 202502/03/2025February 2025 Total 4,821.52 4,821.52Grand Total 0.00 4,821.52 4,821.52 City of Buena Park
City Council Regular Meeting Agenda Report
D. FINAL PAYMENT TO THE WATER HEATER WAREHOUSE, LLC FOR THE WATER HEATER REPLACEMENTS AT

VARIOUS FACILITIES PROJECT
Meeting
Tuesday, February 25, 2025, 5:00 PM
Agenda Group
CONSENT CALENDAR Item: 4D.

Presented By
Hysun Lee, Assistant Engineer
Prepared By
Mina Mikhael, Director of Public Works/City Engineer
Approved By
Aaron France, City Manager
Presented By
Hyang Sun Lee, Assistant Engineer

RECOMMENDED ACTION
1) Accept the project as complete and approve a ﬁnal payment to Water Heater Warehouse, LLC in the amount of $2,812; and 2) Direct the Public Works Department to ﬁle a Notice of Completion.

PREVIOUS CITY COUNCIL ACTION
On October 22, 2024, the City Council approved a contract with SoCalREN’s preferred contractor, The Water Heater Warehouse, LLC, for the Water Heater Replacements at Various Facilities Project. At that time, the formal bidding process for the project was waived, and alternative bidding procedures were approved. The total approved budget for the project is $151,239.21, with $137,303.34 (91% of the total cost) covered by the SoCalREN incentive program, $3,100 funded by the TECH Clean California incentive program, and $10,835.87 provided by the City of Buena Park. SoCalREN and TECH Clean California incentive programs are responsible for making payments directly to The Water Heater Warehouse, LLC. Buena Park will pay the remaining $10,835.87 directly to The Water Heater Warehouse, LLC.

DISCUSSION
The Water Heater Replacements at Various Facilities Project has been completed. This project involved updating six (6) facilities by installing new heat pumps, an expansion tank, and a mixing valve. The electrical updates included installing circuit breakers, electrical wiring, conduit, junction box, wire nuts, grounding equipment, circuit label, and electrical tape. The six (6) facilities where heat pumps were replaced are the Community Center, Boisseranc Pool, Peak Park Pool Women’s Locker Room, Peak Park Pool Men’s Locker Room, Senior Center, and Heritage Hall. The project had to be completed within the 2024 calendar year to secure the incentive program funding.

Contract Dates

Contract Awarded: October 22, 2024
Work Completed: December 30, 2024
The contractor has submitted a bill for work completed as of January 17, 2025. All items, quantities, and prices have been checked and found to be in accordance with the contract documents. The ﬁnal payment is in the amount of $2,812. The ﬁnal contract cost for Buena Park’s portion of this project is $8,533.50, which is $2,302.37 (or

21.2%) under the approved construction project budget of $10,835.87.

No retention was held for this project. The work had to be expedited to meet the eligibility deadline, and the ﬁnal payment for the project was made through a different method to ensure staff could complete the work and secure the incentive program funding. Buena Park’s portion of the invoice was the last item needed to close out the project, so the ﬁnal payment had to be expedited.

It is hereby recommended that the City Council accept the project as complete.

BUDGET IMPACT
The total approved budget for the project is $151,239.21, with $137,303.34 (91% of the total cost) funded by the SoCalREN incentive program and $3,100 funded by the TECH Clean California incentive program.

The ﬁnal cost of the project for the City of Buena Park’s portion is $8,533.50. The City's portion was funded by the Facilities Maintenance Account (Account No. 77-6240-170670).

Attachments
Att 1 of 2 - Contractor's Invoices.pdf
Att 2 of 2 - Appendix A.pdf

INVOICE
Services
qty
unit price
amount
************************ NOTES ********************************

1.0 $0.00
$0.00
*** PRICING REFLECTS PREVAILING WAGES.

PRICING MAY BE ADJUSTED FOR NON-PREVAILING WAGE PROJECTS. ***

ELECTRICAL - SUBCONTRACTED TO COMPETITIVE ELECTRIC

1.0 $5,468.75
$5,468.75
Scope of Work:

The scope of work for this project includes the installation of one 30 AMP/240V breakers from the main breaker box to the water heater locations. The installation will adhere to all local electrical codes and safety standards.

Materials and Equipment:

One 30 AMP/240V Circuit Breakers
Electrical Wiring
Conduit
Junction Boxes
Wire Nuts
Grounding Equipment
Circuit Labels
Electrical Tape
Labor
SERVICES - INSTALLATION - 50 - BRADFORD WHITE HEAT PUMP

1.0 $3,499.50
$3,499.50
Water Heater Warehouse
The Energy Coalition / Southern California Regional Energy Network 525 Technology Dr 350
Irvine, CA 92618

(949) 701-4646

SERVICE ADDRESS
City of Buena Park
8152 Knott Ave
Buena Park, CA 90620

(714) 244-8562

[email protected]
Service completed by: Sergio G.

INVOICE
#23212-3

SERVICE DATE
Dec 30, 2024

INVOICE DATE
Jan 03, 2025

PAYMENT TERMS
Upon receipt

DUE DATE
Jan 03, 2025

AMOUNT DUE
$5,721.50
Water Heater Warehouse CSLB #1041460 http://www.thewaterheaterwarehouse.com 1 of 49 LABOR
Installation Includes: labor, ﬁttings, hot and cold ﬂex, earthquake straps, drip pan and haul away/disposal of old water heater.

WATER HEATER WAREHOUSE WARRANTY
2 year warranty on PARTS and LABOR
****************************************************************

WATER HEATER
50 gallon water heater / 65" tall x 25" wide
Bradford White /
Model # BWRE2H50S10
Serial #ZD51279454

BRADFORD WHITE WARRANTY
3 year manufacturer warranty on PARTS and TANK.

SERVICES - EXPANSION TANK

1.0 $187.50
$187.50
Adding/Replacing Expansion Tank
- WATTS PLT-5

WATER HEATERS - INSTALLATION - MIXING VALVE

1.0 $212.50
$212.50
Install a cash acme mixing valve to comply with TECH program requirements.

We greatly appreciate your business! Please make checks payable to: Water Heater Warehouse

See our
Terms & Conditions
Subtotal
$9,368.25
10% ELECTRICAL DISCOUNT
-$546.75

TECH INCENTIVE
-$3,100.00
Total Tax
$0.00
Sales Tax (7.75%)
$0.00
Job Total
$5,721.50
Amount Due
$5,721.50
Water Heater Warehouse CSLB #1041460 http://www.thewaterheaterwarehouse.com 2 of 49 Water Heater Warehouse CSLB #1041460 http://www.thewaterheaterwarehouse.com 3 of 49 Water Heater Warehouse CSLB #1041460 http://www.thewaterheaterwarehouse.com 4 of 49 Water Heater Warehouse CSLB #1041460 http://www.thewaterheaterwarehouse.com 5 of 49 Water Heater Warehouse CSLB #1041460 http://www.thewaterheaterwarehouse.com 6 of 49 Water Heater Warehouse CSLB #1041460 http://www.thewaterheaterwarehouse.com 7 of 49 Water Heater Warehouse CSLB #1041460 http://www.thewaterheaterwarehouse.com 8 of 49 Water Heater Warehouse CSLB #1041460 http://www.thewaterheaterwarehouse.com 9 of 49 Water Heater Warehouse CSLB #1041460 http://www.thewaterheaterwarehouse.com 10 of 49 Water Heater Warehouse CSLB #1041460 http://www.thewaterheaterwarehouse.com 11 of 49 Water Heater Warehouse CSLB #1041460 http://www.thewaterheaterwarehouse.com 12 of 49 Water Heater Warehouse CSLB #1041460 http://www.thewaterheaterwarehouse.com 13 of 49 Water Heater Warehouse CSLB #1041460 http://www.thewaterheaterwarehouse.com 14 of 49 Water Heater Warehouse CSLB #1041460 http://www.thewaterheaterwarehouse.com 15 of 49 Water Heater Warehouse CSLB #1041460 http://www.thewaterheaterwarehouse.com 16 of 49 Water Heater Warehouse CSLB #1041460 http://www.thewaterheaterwarehouse.com 17 of 49 Water Heater Warehouse CSLB #1041460 http://www.thewaterheaterwarehouse.com 18 of 49 Water Heater Warehouse CSLB #1041460 http://www.thewaterheaterwarehouse.com 19 of 49 Water Heater Warehouse CSLB #1041460 http://www.thewaterheaterwarehouse.com 20 of 49 Water Heater Warehouse CSLB #1041460 http://www.thewaterheaterwarehouse.com 21 of 49 Water Heater Warehouse CSLB #1041460 http://www.thewaterheaterwarehouse.com 22 of 49 Water Heater Warehouse CSLB #1041460 http://www.thewaterheaterwarehouse.com 23 of 49 Water Heater Warehouse CSLB #1041460 http://www.thewaterheaterwarehouse.com 24 of 49 Water Heater Warehouse CSLB #1041460 http://www.thewaterheaterwarehouse.com 25 of 49 Water Heater Warehouse CSLB #1041460 http://www.thewaterheaterwarehouse.com 26 of 49 Water Heater Warehouse CSLB #1041460 http://www.thewaterheaterwarehouse.com 27 of 49 Water Heater Warehouse CSLB #1041460 http://www.thewaterheaterwarehouse.com 28 of 49 Water Heater Warehouse CSLB #1041460 http://www.thewaterheaterwarehouse.com 29 of 49 Water Heater Warehouse CSLB #1041460 http://www.thewaterheaterwarehouse.com 30 of 49 Water Heater Warehouse CSLB #1041460 http://www.thewaterheaterwarehouse.com 31 of 49 Water Heater Warehouse CSLB #1041460 http://www.thewaterheaterwarehouse.com 32 of 49 Water Heater Warehouse CSLB #1041460 http://www.thewaterheaterwarehouse.com 33 of 49 Water Heater Warehouse CSLB #1041460 http://www.thewaterheaterwarehouse.com 34 of 49 Water Heater Warehouse CSLB #1041460 http://www.thewaterheaterwarehouse.com 35 of 49 Water Heater Warehouse CSLB #1041460 http://www.thewaterheaterwarehouse.com 36 of 49 Water Heater Warehouse CSLB #1041460 http://www.thewaterheaterwarehouse.com 37 of 49 Water Heater Warehouse CSLB #1041460 http://www.thewaterheaterwarehouse.com 38 of 49 Water Heater Warehouse CSLB #1041460 http://www.thewaterheaterwarehouse.com 39 of 49 Water Heater Warehouse CSLB #1041460 http://www.thewaterheaterwarehouse.com 40 of 49 Water Heater Warehouse CSLB #1041460 http://www.thewaterheaterwarehouse.com 41 of 49 Water Heater Warehouse CSLB #1041460 http://www.thewaterheaterwarehouse.com 42 of 49 Water Heater Warehouse CSLB #1041460 http://www.thewaterheaterwarehouse.com 43 of 49 Water Heater Warehouse CSLB #1041460 http://www.thewaterheaterwarehouse.com 44 of 49 Water Heater Warehouse CSLB #1041460 http://www.thewaterheaterwarehouse.com 45 of 49 Water Heater Warehouse CSLB #1041460 http://www.thewaterheaterwarehouse.com 46 of 49 Water Heater Warehouse CSLB #1041460 http://www.thewaterheaterwarehouse.com 47 of 49 Water Heater Warehouse CSLB #1041460 http://www.thewaterheaterwarehouse.com 48 of 49 Water Heater Warehouse CSLB #1041460 http://www.thewaterheaterwarehouse.com 49 of 49

INVOICE
Services qty unit price amount
Bonding Fee 1.0 $2,812.00 $2,812.00
Fee for bond agreement that guarantees a contractor will fulﬁll their contractual obligations We greatly appreciate your business! Please make checks payable to: Water Heater Warehouse See our Terms & Conditions
Water Heater Warehouse
City Of Buena Park
6650 Beach Blvd.

Buena Park, CA 90621
C/O
Hyang Sun Lee
[email protected] SERVICE ADDRESS
City of Buena Park
6650 Beach Blvd
Buena Park, CA 90621

INVOICE #23622
SERVICE DATE Jan 17, 2025
INVOICE DATE Jan 17, 2025
PAYMENT TERMS Upon receipt
DUE DATE Jan 17, 2025
AMOUNT DUE $2,812.00
Subtotal $2,812.00
Total Tax $0.00
Sales Tax (7.75%) $0.00
Job Total $2,812.00
Amount Due $2,812.00
Water Heater Warehouse CSLB #1041460 http://www.thewaterheaterwarehouse.com 1 of 1

CONTRACT
$137,303.34
$3,100.00
$10,835.87
$151,239.21

CONTRACT ADJUSTMENTS
N/A
Subtotal $0.00
$0.00

CONTRACT EXPENDITURES
$8,533.50
$0.00
$8,533.50
$0.00
$0.00
$0.00

PROJECT SUMMARY
$8,533.50
$0.00
$8,533.50
$10,835.87
$2,302.37

21.2%
Appendix "A" - Capital Improvement Project Final Report

WATER HEATER REPLACEMENTS AT VARIOUS FACILITIES
SoCalREN Incentive Program Portion
TECH Clean California Program Portion
City of Buena Park Portion
Approved Construction Contract Amount
Contract Change Orders
Total Contract Adjustments
Previous Payments
Value of Work Done Previously
Retention Held Previously
Less Previous Payments
Final Payment
Value of Work Done This Period
Retention Held This Period
Percentage Under the Approved Construction Contract Amount Total Amount Due This Payment
City of Buena Park Portion
Total Construction Contract Adjustment
Revised Construction Contract
Approved Construction Contract Amount of City of Buena Park Portion Amount Under the Approved Construction Contract Amount

DEPARTMENT OF PUBLIC WORKS
City of Buena Park
City Council Regular Meeting Agenda Report
E. LICENSE AGREEMENT WITH ENVIRONMENTAL SYSTEMS RESEARCH INSTITUTE, INC. (ESRI) FOR

GEOGRAPHIC INFORMATION SYSTEM (GIS) SERVICES
Meeting
Tuesday, February 25, 2025, 5:00 PM
Agenda Group
CONSENT CALENDAR Item: 4E.

Presented By
Norm Wray, Senior Engineering Technician
Prepared By
Mina Mikhael, Director of Public Works/City Engineer
Approved By
Aaron France, City Manager
Presented By
Norm Wray, Senior Engineering Technician

RECOMMENDED ACTION
1) Dispense with competitive bidding pursuant to Buena Park Municipal Code Sections 3.28.080 (C) and 3.28.080 (H) for the proposed services; 2) Approve an agreement with ESRI in the amount of $201,000 for GIS services; 3) Authorize the City Manager and City Attorney to make any necessary, non-monetary changes to the agreement; and 4) Authorize the City Manager and City Clerk to execute the agreement.

PREVIOUS CITY COUNCIL ACTION
City Council has approved two previous similar agreements with ESRI on October 9, 2019, and January 11, 2022.

DISCUSSION
For the past 16 years, City staff has made extensive use of geographic information system (GIS) services in several iterations. Over the last six years, services were provided using the ESRI ArcGIS Server platform. This platform is provided to the City through the ESRI Small Government Enterprise Agreement (SGEA). This agreement allows the City to host it’s GIS on the ArcGIS Server platform, as well as providing access to more than 10 different desktop software extensions.

The ArcGIS Server Platform provides many advantages. The ESRI platform is in wide use around the world, particularly by public agencies and larger private companies. For this reason, many smaller vendors make their own software speciﬁcally to integrate with the ESRI platform. One example of this is the Police Department’s Computer Aided Dispatch (CAD) software. This software relies on the ESRI platform to provide address search and mapping services.

Since moving to this platform, staff has been able to make a number of useful and interactive maps for both residents and employees. Through the zoning map, residents may view and determine their local zoning as well as ﬁnd information about what their zoning requirements are. The zoning layers in particular have been viewed more than 40,000 times. Through the sewer and storm drain maps, residents can view their local sewer lines, including sewer lateral information, and even download engineering plans directly through the browser. These maps also help staff in quickly gathering available plans when working on projects or planning for repairs.

Given the unique and proprietary nature of the SGEA and the City’s needs, staff recommends approval of the agreement with ESRI pursuant to Buena Park Municipal Code (BPMC) Section 3.28.080. This section allows the City to dispense with competitive bidding in a variety of situations including: (1) when the commodity can be obtained from only one vendor, such as when there is a sole distributor or manufacturer of a product or service; and (2) when the City Council determines it would be in the best interests of the City to dispense with competitive bidding.

As indicated in the attached communication from ESRI, it is the sole owner, manufacturer, and provider of the SGTELA and the attendant support services required by the City. ESRI is accordingly the "sole source" for this procurement under Section 3.28.080 (C). Moreover, because of the importance of the CAD system to City operations, staff believes that approving this agreement without competitive bidding would be in the best interest of the City, in accordance with Section 3.28.080 (H). For these reasons, staff recommends that the City Council dispense with competitive bidding for this purchase. This procedure has been reviewed and approved by the City’s Purchasing Manager.

The attached proposal for the SGTELA is for three years. The extended cost is $60,300 per year for the ﬁrst two years, and $80,400 for the ﬁnal 16-month term. The total contract cost is $201,000. This contract would allow the City to continue using all services currently provided, as well as upgrade to the latest versions of the software as they are released. There are also several new pieces of software that were not included in the previous contract.

The cost represents a $5,300 annual increase (9.6%) over the previous contract cost.

Staff notes that the third year of the contract term is 16 months rather than the typical 12-month term. In order to facilitate future budgeting and expenditures, staff prefers to have annual contracts terminate with the ﬁscal year, meaning new contracts start at the beginning of the ﬁscal year. To allow this to happen, the ﬁrst two years of the contract will be standard 12-month terms and the last year will be a 16 month term ending on June 28, 2028. As this is essentially a 1/3 increase in the term length for that year, the cost for the third year of the service is roughly 33% more than the ﬁrst two years at $80,400 per year.

BUDGET IMPACT
The agreement is structured as a three-year agreement, with a $60,300 annual cost for years one and two. Year three is a 16-month term with an end date of June 28, 2028. The total agreement cost is $201,000. This project will be funded by a combination of Water and General Fund monies.

Attachments
AR License Agreement with ESRI ATT 1 of 2 - Agreement.pdf AR License Agreement with ESRI ATT 2 of 2 - Sole Source.pdf Quotation # Q-540628

Date: February 10, 2025
Environmental Systems Research Institute, Inc.
380 New York St
Redlands, CA 92373-8100
Phone: (909) 793-2853
DUNS Number: 06-313-4175 CAGE Code: 0AMS3
Customer # 366622 Contract #

City of Buena Park
IT Dept
6650 Beach Blvd
Buena Park, CA 90621-2905

To expedite your order, please attach a copy of ATTENTION: Norman Wray this quotation to your purchase order. PHONE: 714-562-3699 Quote is valid from: 1/30/2025 To: 7/29/2025 EMAIL: [email protected]

Material Qty Term Unit Price Total
193206 1 Year 1 $60,300.00 $60,300.00
Populations of 50,001 to 100,000 Small Government Enterprise Agreement Annual Subscription 193206 1 Year 2 $60,300.00 $60,300.00
Populations of 50,001 to 100,000 Small Government Enterprise Agreement Annual Subscription 193206 1 Year 3 $80,400.00 $80,400.00
Populations of 50,001 to 100,000 Small Government Enterprise Agreement Annual Subscription Subtotal: $201,000.00
Sales Tax: $0.00
Estimated Shipping and Handling (2 Day Delivery): $0.00 Contract Price Adjust: $0.00
Total: $201,000.00

*Year 3 is a 16-month term with an end date of 06/28/2028

Esri may charge a fee to cover expenses related to any customer requirement to use a proprietary vendor management, procurement, or invoice program.

For questions contact:

Beth Wood
Email:
[email protected]
Phone:
909-793-2853 ext 2137 x2137
The items on this quotation are subject to and governed by the terms of this quotation, the most current product specific scope of use document found at https://assets.esri.com/content/dam/esrisites/media/legal/product-specific-terms-of-use/e300.pdf, and your applicable signed agreement with Esri. If no such agreement covers any item quoted, then Esri’s standard terms and conditions found at https://go.esri.com/MAPS apply to your purchase of that item. If any item is quoted with a multi-year payment schedule, then unless otherwise stated in this quotation, Customer is required to make all payments without right of cancellation. Third-party data sets included in a quotation as separately licensed items will only be provided and invoiced if Esri is able to provide such data and will be subject to the applicable third-party's terms and conditions. If Esri is unable to provide any such data set, Customer will not be responsible for any further payments for the data set. US Federal government entities and US government prime contractors authorized under FAR 51.1 may purchase under the terms of Esri’s GSA Federal Supply Schedule. Supplemental terms and conditions found at https://www.esri.com/en-us/legal/terms/state-supplemental apply to some US state and local government purchases. All terms of this quotation will be incorporated into and become part of any additional agreement regarding Esri’s offerings. Acceptance of this quotation is limited to the terms of this quotation. Esri objects to and expressly rejects any different or additional terms contained in any purchase order, offer, or confirmation sent to or to be sent by buyer. Unless prohibited by law, the quotation information is confidential and may not be copied or released other than for the express purpose of system selection and purchase/license. The information may not be given to outside parties or used for any other purpose without consent from Esri. Delivery is FOB Origin for customers located in the USA.

WOODB This offer is limited to the terms and conditions incorporated and attached herein.

Quotation # Q-540628

City of Buena Park
IT Dept
6650 Beach Blvd
Buena Park, CA 90621-2905

To expedite your order, please attach a copy of ATTENTION: Norman Wray this quotation to your purchase order. PHONE: 714-562-3699 Quote is valid from: 1/30/2025 To: 7/29/2025 EMAIL: [email protected]

_________________________________________________________________________________________________________________________________ If you have made ANY alterations to the line items included in this quote and have chosen to sign the quote to indicate your acceptance, you must fax Esri the signed quote in its entirety in order for the quote to be accepted. You will be contacted by your Customer Service Representative if additional information is required to complete your request.

If your organization is a US Federal, state, or local government agency; an educational facility; or a company that will not pay an invoice without having issued a formal purchase order, a signed quotation will not be accepted unless it is accompanied by your purchase order.

In order to expedite processing, please reference the quotation number and any/all applicable Esri contract number(s) (e.g. MPA, ELA, SmartBuy, GSA, BPA) on your ordering document.

BY SIGNING BELOW, YOU CONFIRM THAT YOU ARE AUTHORIZED TO OBLIGATE FUNDS FOR YOUR ORGANIZATION, AND YOU ARE AUTHORIZING ESRI TO ISSUE AN INVOICE FOR THE ITEMS INCLUDED IN THE ABOVE QUOTE IN THE AMOUNT OF $___________, PLUS SALES TAXES IF APPLICABLE. DO NOT USE THIS FORM IF YOUR ORGANIZATION WILL NOT HONOR AND PAY ESRI'S INVOICE WITHOUT ADDITIONAL AUTHORIZING PAPERWORK.

Please check one of the following:

___ I agree to pay any applicable sales tax.

___ I am tax exempt, please contact me if exempt information is not currently on file with Esri.

___________________________________________ ________________________ Signature of Authorized Representative Date

___________________________________________
Name (Please Print)

___________________________________________
Title

_________________________________________________________________________________________________________________________________

The quotation information is proprietary and may not be copied or released other than for the express purpose of system selection and purchase/license. This information may not be given to outside parties or used for any other purpose without consent from Environmental Systems Research Institute, Inc. (Esri).

Any estimated sales and/or use tax reflected on this quote has been calculated as of the date of this quotation and is merely provided as a convenience for your organization's budgetary purposes. Esri reserves the right to adjust and collect sales and/or use tax at the actual date of invoicing. If your organization is tax exempt or pays state tax directly, then prior to invoicing, your organization must provide Esri with a copy of a current tax exemption certificate issued by your state's taxing authority for the given jurisdiction.

Esri may charge a fee to cover expenses related to any customer requirement to use a proprietary vendor management, procurement, or invoice program.

For questions contact:

WOODB This offer is limited to the terms and conditions incorporated and attached herein.

Esri Use Only:

Cust. Name
Cust. #
PO #
Esri Agreement #

Page 1 of 6 ends

SMALL ENTERPRISE AGREEMENT

COUNTY AND MUNICIPALITY GOVERNMENT
(E214-3)

This Agreement is by and between the organization identified in the Quotation ("Customer") and Environmental Systems Research Institute, Inc. ("Esri").

This Agreement sets forth the terms for Customer's use of Products and incorporates by reference (i) the Quotation and (ii) the Master Agreement. Should there be any conflict between the terms and conditions of the documents that comprise this Agreement, the order of precedence for the documents shall be as follows: (i) the Quotation, (ii) this Agreement, and (iii) the Master Agreement. This Agreement shall be governed by and construed in accordance with the laws of the state in which Customer is located wi thout reference to conflict of laws principles, and the United States of America federal law shall govern in matters of intellectual property. The modifications and additional rights granted in this Agreement apply only to the Products listed in Table A.

Table A
List of Products

Uncapped Quantities (annual subscription)
ArcGIS Enterprise Software and Extensions
ArcGIS Enterprise (Advanced and Standard)
ArcGIS Monitor
ArcGIS Enterprise Extensions: ArcGIS 3D Analyst, ArcGIS Spatial Analyst, ArcGIS Geostatistical Analyst, ArcGIS
Network Analyst, ArcGIS Data Reviewer
ArcGIS Online User Types
ArcGIS Online Viewer User Types

Capped Quantities (annual subscription)
ArcGIS Online User Types ArcGIS Enterprise User Types
ArcGIS Online Contributor User Type 15 ArcGIS Enterprise Contributor User Type 15 ArcGIS Online Mobile Worker User Type 75 ArcGIS Enterprise Mobile Worker User Type 75 ArcGIS Online Creator User Type 75 ArcGIS Enterprise Creator User Type 75 ArcGIS Online Professional User Type 20 ArcGIS Enterprise Professional User Type 20 ArcGIS Online Professional Plus User Type 20 ArcGIS Enterprise Professional Plus User Type 20 ArcGIS Pro (Add-on Apps) for ArcGIS Online Creator or
Professional User Type
ArcGIS Pro (Add-on Apps) for ArcGIS Enterprise
Creator or Professional User Type
ArcGIS 3D Analyst, ArcGIS Data Reviewer,
ArcGIS Geostatistical Analyst, ArcGIS Network
Analyst, ArcGIS Publisher, ArcGIS Spatial
Analyst, ArcGIS Workflow Manager, ArcGIS
Image Analyst
20 each
ArcGIS 3D Analyst, ArcGIS Data Reviewer,
ArcGIS Geostatistical Analyst, ArcGIS Network
Analyst, ArcGIS Publisher, ArcGIS Spatial
Analyst, ArcGIS Workflow Manager, ArcGIS
Image Analyst
20 each
ArcGIS Online Apps and Other ArcGIS Enterprise Apps
ArcGIS Location Sharing for ArcGIS Online 20 ArcGIS Location Sharing for ArcGIS Enterprise 20 ArcGIS Online Service Credits 50,000

Other Benefits
Number of Esri User Conference registrations provided annually 4 Number of Tier 1 Help Desk individuals authorized to call Distributor 4 Five percent (5%) discount on all individual commercially available instructor-led training classes at Esri facilities purchased outside this Agreement

Page 2 of 6 ends

Customer may accept this Agreement by signing and returning the whole Agreement with (i) the Quotation attached, (ii) a purchase order, or (iii) another document that matches the Quotation and references this Agreement ("Ordering Document"). ADDITIONAL OR CONFLICTING TERMS IN CUSTOMER'S PURCHASE

ORDER OR OTHER DOCUMENT WILL NOT APPLY, AND THE TERMS OF THIS AGREEMENT WILL GOVERN. This Agreement is effective as of the date of Esri's receipt of an Ordering Document, unless otherwise agreed to by the parties ("Effective Date").

Term of Agreement: Three (3) years

This Agreement supersedes any previous agreements, proposals, presentations, understandings, and arrangements between the parties relating to the licensing of the Products. Except as provided in Article 4— Product Updates, no modifications can be made to this Agreement.

Accepted and Agreed:

(Customer)

By:

Authorized Signature

Printed Name:

Title:

Date:

CUSTOMER CONTACT INFORMATION

Contact: Telephone:

Address: Fax:

City, State, Postal Code: E-mail:

Country:

Quotation Number (if applicable):

Page 3 of 6 ends

1.0—ADDITIONAL DEFINITIONS

In addition to the definitions provided in the Master
Agreement, the following definitions apply to this
Agreement:

"Case" means a failure of the Software or Online
Services to operate according to the Documentation
where such failure substantially impacts operational
or functional performance.

"Deploy", "Deployed" and "Deployment" mean to
redistribute and install the Products and related
Authorization Codes within Customer's
organization(s).

"Fee" means the fee set forth in the Quotation.

"Maintenance" means Tier 2 Support, Product
updates, and Product patches provided to Customer
during the Term of Agreement.

"Master Agreement" means the applicable master
agreement for Esri Products incorporated by this
reference that is (i) found at https://www.esri.com/en- us/legal/terms/full-master-agreement and available in
the installation process requiring acceptance by
electronic acknowledgment or (ii) a signed Esri
master agreement or license agreement that
supersedes such electronically acknowledged
master agreement.

"Product(s)" means the products identified in
Table A—List of Products and any updates to the list
Esri provides in writing.

"Quotation" means the offer letter and quotation
provided separately to Customer.

"Technical Support" means the technical
assistance for attempting resolution of a reported
Case through error correction, patches, hot fixes,
workarounds, replacement deliveries, or any other
type of Product corrections or modifications.

"Tier 1 Help Desk" means Customer's point of
contact(s) to provide all Tier 1 Support within
Customer's organization(s).

"Tier 1 Support" means the Technical Support
provided by the Tier 1 Help Desk.

"Tier 2 Support" means the Esri Technical Support
provided to the Tier 1 Help Desk when a Case
cannot be resolved through Tier 1 Support.

2.0—ADDITIONAL GRANT OF LICENSE

2.1 Grant of License. Subject to the terms and
conditions of this Agreement, Esri grants to
Customer a personal, nonexclusive,
nontransferable license solely to use, copy, and
Deploy quantities of the Products listed in
Table A—List of Products for the Term of
Agreement (i) for the applicable Fee and (ii) in
accordance with the Master Agreement.

2.2 Consultant Access. Esri grants Customer the
right to permit Customer's consultants or
contractors to use the Products exclusively for
Customer's benefit. Customer will be solely
responsible for compliance by consultants and
contractors with this Agreement and will ensure
that the consultant or contractor discontinues
use of Products upon completion of work for
Customer. Access to or use of Products by
consultants or contractors not exclusively for
Customer's benefit is prohibited. Customer may
not permit its consultants or contractors to install
Software or Data on consultant, contractor, or
third-party computers or remove Software or
Data from Customer locations, except for the
purpose of hosting the Software or Data on
Contractor servers for the benefit of Customer.

3.0—TERM, TERMINATION, AND EXPIRATION

3.1 Term. This Agreement and all licenses
hereunder will commence on the Effective Date
and continue for the duration identified in the
Term of Agreement, unless this Agreement is
terminated earlier as provided herein. Customer
is only authorized to use Products during the
Term of Agreement. For an Agreement with a
limited term, Esri does not grant Customer an
indefinite or a perpetual license to Products.

3.2 No Use upon Agreement Expiration or
Termination. All Product licenses, all
Maintenance, and Esri User Conference
registrations terminate upon expiration or
termination of this Agreement.

3.3 Termination for a Material Breach. Either party
may terminate this Agreement for a material
breach by the other party. The breaching party
will have thirty (30) days from the date of written
notice to cure any material breach.

3.4 Termination for Lack of Funds. For an
Agreement with government or government-

Page 4 of 6 ends

owned entities, either party may terminate this
Agreement before any subsequent year if
Customer is unable to secure funding through
the legislative or governing body's approval
process.

3.5 Follow-on Term. If the parties enter into
another agreement substantially similar to this
Agreement for an additional term, the effective
date of the follow-on agreement will be the day
after the expiration date of this Agreement.

4.0—PRODUCT UPDATES

4.1 Future Updates. Esri reserves the right to
update the list of Products in Table A—List of
Products by providing written notice to
Customer. Customer may continue to use all
Products that have been Deployed, but support
and upgrades for deleted items may not be
available. As new Products are incorporated into
the standard program, they will be offered to
Customer via written notice for incorporation into
the Products schedule at no additional charge.

Customer's use of new or updated Products
requires Customer to adhere to applicable
additional or revised terms and conditions in the
Master Agreement.

4.2 Product Life Cycle. During the Term of
Agreement, some Products may be retired or
may no longer be available to Deploy in the
identified quantities. Maintenance will be subject
to the individual Product Life Cycle Support
Status and Product Life Cycle Support Policy,
which can be found at
https://support.esri.com/en/other-
resources/product-life-cycle. Updates for
Products in the mature and retired phases may
not be available. Customer may continue to use
Products already Deployed, but Customer will
not be able to Deploy retired Products.

5.0—MAINTENANCE

The Fee includes standard maintenance benefits
during the Term of Agreement as specified in the
most current applicable Esri Maintenance and
Support Program document (found at
https://www.esri.com/en-
us/legal/terms/maintenance). At Esri's sole
discretion, Esri may make patches, hot fixes, or
updates available for download. No Software other
than the defined Products will receive Maintenance.

Customer may acquire maintenance for other
Software outside this Agreement.

a. Tier 1 Support

1. Customer will provide Tier 1 Support
through the Tier 1 Help Desk to all
Customer's authorized users.

2. The Tier 1 Help Desk will be fully trained in
the Products.

3. At a minimum, Tier 1 Support will include
those activities that assist the user in
resolving how-to and operational questions
as well as questions on installation and
troubleshooting procedures.

4. The Tier 1 Help Desk will be the initial point
of contact for all questions and reporting of a
Case. The Tier 1 Help Desk will obtain a full
description of each reported Case and the
system configuration from the user. This
may include obtaining any customizations,
code samples, or data involved in the Case.

5. If the Tier 1 Help Desk cannot resolve the
Case, an authorized Tier 1 Help Desk
individual may contact Tier 2 Support. The
Tier 1 Help Desk will provide support in such
a way as to minimize repeat calls and make
solutions to problems available to
Customer’s organization.

6. Tier 1 Help Desk individuals are the only
individuals authorized to contact Tier 2
Support. Customer may change the Tier 1
Help Desk individuals by written notice to
Esri.

b. Tier 2 Support

1. Tier 2 Support will log the calls received
from Tier 1 Help Desk.

2. Tier 2 Support will review all information
collected by and received from the Tier 1
Help Desk including preliminary documented
troubleshooting provided by the Tier 1 Help
Desk when Tier 2 Support is required.

3. Tier 2 Support may request that Tier 1 Help
Desk individuals provide verification of
information, additional information, or
answers to additional questions to

Page 5 of 6 ends

supplement any preliminary information
gathering or troubleshooting performed by
Tier 1 Help Desk.

4. Tier 2 Support will attempt to resolve the
Case submitted by Tier 1 Help Desk.

5. When the Case is resolved, Tier 2 Support
will communicate the information to Tier 1
Help Desk, and Tier 1 Help Desk will
disseminate the resolution to the user(s).

6.0—ENDORSEMENT AND PUBLICITY

This Agreement will not be construed or interpreted
as an exclusive dealings agreement or Customer's
endorsement of Products. Either party may publicize
the existence of this Agreement.

7.0—ADMINISTRATIVE REQUIREMENTS

7.1 OEM Licenses. Under Esri's OEM or Solution
OEM programs, OEM partners are authorized to
embed or bundle portions of Esri products and
services with their application or service. OEM
partners' business model, licensing terms and
conditions, and pricing are independent of this
Agreement. Customer will not seek any discount
from the OEM partner or Esri based on the
availability of Products under this Agreement.

Customer will not decouple Esri products or
services from the OEM partners' application or
service.

7.2 Annual Report of Deployments. At each
anniversary date and ninety (90) calendar days
prior to the expiration of this Agreement,
Customer will provide Esri with a written report
detailing all Deployments. Upon request,
Customer will provide records sufficient to verify
the accuracy of the annual report.

8.0—ORDERING, ADMINISTRATIVE

PROCEDURES, DELIVERY, AND

DEPLOYMENT

8.1 Orders, Delivery, and Deployment

a. Upon the Effective Date, Esri will invoice
Customer and provide Authorization Codes to
activate the nondestructive copy protection
program that enables Customer to download,
operate, or allow access to the Products. If this
is a multi-year Agreement, Esri may invoice the
Fee up to thirty (30) calendar days before the
annual anniversary date for each year.

b. Undisputed invoices will be due and payable
within thirty (30) calendar days from the date of
invoice. Esri reserves the right to suspend
Customer's access to and use of Products if
Customer fails to pay any undisputed amount
owed on or before its due date. Esri may charge
Customer interest at a monthly rate equal to the
lesser of one percent (1.0%) per month or the
maximum rate permitted by applicable law on
any overdue fees plus all expenses of collection
for any overdue balance that remains unpaid
ten (10) days after Esri has notified Customer of
the past-due balance.

c. Esri's federal ID number is 95-2775-732.

d. If requested, Esri will ship backup media to the
ship-to address identified on the Ordering
Document, FOB Destination, with shipping
charges prepaid. Customer acknowledges that
should sales or use taxes become due as a
result of any shipments of tangible media, Esri
has a right to invoice and Customer will pay any
such sales or use tax associated with the receipt
of tangible media.

8.2 Order Requirements. Esri does not require
Customer to issue a purchase order. Customer
may submit a purchase order in accordance with
its own process requirements, provided that if
Customer issues a purchase order, Customer
will submit its initial purchase order on the
Effective Date. If this is a multi-year Agreement,
Customer will submit subsequent purchase
orders to Esri at least thirty (30) calendar days
before the annual anniversary date for each
year.

a. All orders pertaining to this Agreement will be
processed through Customer's centralized point
of contact.

b. The following information will be included in
each Ordering Document:

(1) Customer name; Esri customer number, if
known; and bill-to and ship-to addresses
(2) Order number
(3) Applicable annual payment due

Page 6 of 6 ends

9.0—MERGERS, ACQUISITIONS, OR

DIVESTITURES

If Customer is a commercial entity, Customer will
notify Esri in writing in the event of (i) a
consolidation, merger, or reorganization of Customer
with or into another corporation or entity;
(ii) Customer's acquisition of another entity; or (iii) a transfer or sale of all or part of Customer's
organization (subsections i, ii, and iii, collectively
referred to as "Ownership Change"). There will be
no decrease in Fee as a result of any Ownership
Change.

9.1 If an Ownership Change increases the
cumulative program count beyond the maximum
level for this Agreement, Esri reserves the right
to increase the Fee or terminate this Agreement
and the parties will negotiate a new agreement.

9.2 If an Ownership Change results in transfer or
sale of a portion of Customer's organization, that
portion of Customer's organization will transfer
the Products to Customer or uninstall, remove,
and destroy all copies of the Products.

9.3 This Agreement may not be assigned to a
successor entity as a result of an Ownership
Change unless approved by Esri in writing in
advance. If the assignment to the new entity is
not approved, Customer will require any
successor entity to uninstall, remove, and
destroy the Products. This Agreement will
terminate upon such Ownership Change.

SOLE SOURCE LETTER
Environmental Systems Research Institute, Inc. (Esri)
380 New York Street
Redlands, CA 92373

J-8933-SGE/JR February 3, 2025
Esri 380 New York St., Redlands, CA 92373-8100, USA • TEL 909-793-2853 • FAX 909-793-5953 • E-MAIL [email protected] • WEB www.esri.com

DATE: February 3, 2025

TO: City of Buena Park

FROM: Jackie Ricks, Contracts Specialist I, Contracts and Legal Services Dept.

RE: Esri Sole Source Justification for Small Municipal and County Government Enterprise Agreement

This letter confirms Esri, as owner and manufacturer, is the sole source provider of all U.S. domestic Small Municipal and County Government Enterprise Agreements (EA). The Small Municipal and County Government EA is a bundled package of term limited software licenses and maintenance that includes the right to copy.

Subject to the disclosures set forth below, Esri is the only source that can grant a right to copy and deploy Enterprise Software within your organization (Enterprise). Also, domestically Esri is the only source of maintenance (updates and technical support) for all Esri® software.

Esri has authorized certain resellers to resell Small Local Government Cloud-Based Enterprise Agreements for populations of less than 15,000.

If you have further questions, please feel free to call our Contracts and Legal Services Department at 909-793-2853, extension 1990.

City of Buena Park
City Council Regular Meeting Agenda Report
F. RESOLUTION APPROVING THE CITY OF BUENA PARK STATEMENT OF INVESTMENT POLICY DATED FEBRUARY 25, 2025
Meeting
Tuesday, February 25, 2025, 5:00 PM
Agenda Group
CONSENT CALENDAR Item: 4F.

Presented By Prepared By
Sung Hyun, Director of Finance
Approved By
Aaron France, City Manager
Presented By
Sung Hyun, Director of Finance

RECOMMENDED ACTION
1) Adopt a resolution approving the City of Buena Park Statement of Investment Policy dated February 25, 2025.

PREVIOUS CITY COUNCIL ACTION
The City Council annually approves the Statement of Investment Policy, which was most recently approved on February 13, 2024.

DISCUSSION
The California Government Code, Section 53646(a), requires that the investment policy of the City be annually rendered to, and then considered by, the City Council.

The current policy complies with the California Government Code, and staff is not recommending any changes at this time.

BUDGET IMPACT
The proposed resolution adopting the Statement of Investment Policy sets the investment guidelines for deposit of City funds. However, there is no direct impact to the budget with the approval of this item.

Attachments
Investment Policy Att1of2 reso.pdf
Investment Policy Att2of2 policy 2-25-25.pdf
RESOLUTION NO. ______

A RESOLUTION OF THE CITY COUNCIL OF THE CITY

OF BUENA PARK, CALIFORNIA, AUTHORIZING THE

CITY TREASURER TO INVEST FOR SAFEKEEPING IDLE

MONEY OF THE CITY OF BUENA PARK IN
ACCORDANCE WITH THE “STATEMENT OF
INVESTMENT POLICY” DATED FEBRUARY 25, 2025

BE IT RESOLVED by the City Council of the City of Buena Park, as follows:

Section 1: In accordance with section 53607 of the Government Code of the State of California, the Director of Finance/City Treasurer is hereby authorized to invest idle money in the City Treasury not required for the immediate necessities of the City as he/she deems appropriate in securities in which this City is authorized to invest by the provisions of the State of Cali fornia, Government Code 53601, sections 53602 and 53635 but specifically as restricted by the attached “Statement of Investment Policy” dated February 13, 2024.

Section 2: The Director of Finance/City Treasurer is only authorized to purchase and invest funds of the City within guidelines in the Statement of Investment Policy dated February 25, 2025.

Section 3: The City Clerk shall certify to the passage and adoption of this resolution and it shall thereupon be in full force and effect.

PASSED AND ADOPTED this 25th day of February 2025 by the following called vote:

AYES: COUNCILMEMBERS:

NOES: COUNCILMEMBERS:

ABSENT: COUNCILMEMBERS:

ABSTAIN: COUNCILMEMBERS:

_________________________________________
Mayor
ATTEST:

_______________________________
City Clerk

I, Adria M. Jimenez , City Clerk of the City of Buena Park, California, hereby certify that the foregoing resolution was duly and regularly passed and adopted at a regular meeting of the City Council of the City of Buena Park, held this 25th day of February 2025.

______________________________________
City Clerk
1 CITY OF BUENA PARK

STATEMENT OF INVESTMENT POLICY
Dated: February 25, 2025
Purpose
This statement is intended to provide guidelines for the prudent investment of the City’s temporary idle cash and outline the procedures for maximizing the efficiency of the City’s cash management system. The ultimate goal is to enhance the economic status of the City while protecting its pooled cash.

Delegation of Authority
Authority to manage the City’s investment program is derived from California Government Code Sections 53600 et . seq. The governing body is responsible for the City’s cash management, including the administration of this Investment Policy. Management responsibility for the cash management of City funds is hereby delegated to the Director of Finance/City Treasurer.

The Director of Finance/City Treasurer will be responsible for all transactions undertaken and will establish a system of procedures and controls to regulate the activities of subordinate employees.

The City may engage the services of one or more external investment managers to assist in the management of the City’s investment portfolio in a manner consistent with the City’s objectives.

Such external managers may be granted discretion to purchase and sell investment securities in accordance with this Investment Policy. Such managers must be registered under the Investment Advisers Act of 1940.

Selection of broker/dealers used by an external investment adviser retained by the City will be at the sole discretion of the adviser. Where possible, transactions with broker/dealers shall be selected on a competitive basis and their bid or offering price s shall be recorded. If there is no other readily available competitive offering, best efforts will be made to document quotations for comparable or alternative securities. When purchasing original issue instrumentality securities, no competitive offerings will be required as all dealers in the selling group offer those securities at the same original issue price.

Ethics and Conflict of Interest
All persons in the investment process shall refrain from personal business activity that could conflict with proper execution of the investment program or which could impair their ability to make impartial investment decisions. Employees and investment officials shall disclose to the City Council any material financial interests in financial institutions that conduct business within its jurisdiction; and they shall further disclose any direct personal financial/investment positio ns that could be related to the performance of the City of Buena Park, particularly with regard to the time of purchases and sales.

Objective
The City’s cash management system is designed to accurately monitor and forecast expenditures and revenues thus enabling the City to invest funds to the fullest extent possible.

The City attempts to obtain the highest return possible while meeting the criteria established for safety and liquidity.
2 As a charter law city, Buena Park operates its pooled idle cash investments under the Prudent Investor Standard.* This affords the City a broad spectrum of investment opportunities as long as the investment is deemed prudent and is allowable under current legislation of the State of California Government Code Section 53600 et. seq. and the charter of the City of Buena Park.

Buena Park strives to maintain the level of investment of all idle funds as near 100% as possible through daily and projected cash flow determinations. Idle cash management and investment transactions are the responsibility of the Director of Finance/City Treasurer.

Socially Responsible Investing
Restrictions – The direct investing of City funds are restricted as follows:

1. No investments are to be made in companies whose primary business is the extraction, refining, processing, or distribution of fossil fuels.

2. No investments are to be made in companies that source the majority of their revenues from the production of tobacco or tobacco-related products.

3. No investments are to be made in companies that source the majority of their revenues from the production of firearms, weapons, or nuclear power with the exception of those used for national defense of the United States.

4. The City will strive to make investments in entities that support a clean and healthy environment, promote community economic development, fair labor practices, and support equality of rights regardless of sex, race, age, disability, or sexual orientation.

Authorized and Suitable Investments
All investments shall be made in accordance with Sections 53600 et seq. of the Government Code of California and as described within this Investment Policy. Percentage holding limitations and credit quality minimums in this section apply at the time of purchase. Maximum maturity is measured from the date of settlement. Permitted investments under this policy shall include:

U.S. Treasury Securities
U.S. Treasury and other government obligations for which the full faith and credit of the United States are pledged for the payment of principal and interest. There are no limits on the dollar amount or percentage that the City may invest in U.S. Treasuries.

1. The maximum maturity of an issue shall be no more than 5 years from the date of settlement.

U.S. Government Agency Obligations
Federal Agency or United States government -sponsored enterprise obligations, participations, or other instruments, including those issued by or fully guaranteed as to principal and interest by federal agencies or United States government-sponsored enterprises. There are no limits on the dollar amount or percentage that the City may invest in government-sponsored enterprises.

1. The maximum maturity of an issue shall be no more th an 5 years from the date of settlement; and,

* The Prudent Investor Standard states, that “…When investing, reinvesting, purchasing, acquiring, exchanging, selling, or managing public funds, a trustee shall act with care, skill, prudence, and diligence under the circumstances then prevailing… that a prudent person acting in a like capacity and familiarity with those matters would use in the conduct of funds of a like character and with like aims, to safeguard the principal and maintain the liquidity needs of the agency. “ 3 2. No more than 30% of the portfolio may be invested in any single U.S. Agency issuer; and,

3. The maximum percentage of callable agency securities will be 20%.

Corporate Medium Term Notes
Corporate medium term notes, provided that:

1. Such notes have a maximum maturity of five years; and,

2. Are issued by corporations organized and operating within the United States or by depository institutions licensed by the United States or any state and operating within the United States; and,

3. Are rated in the ”A” category or better by a nationally recognized statistical rating organization (NRSRO); and,

4. Holdings of medium-term notes may not exceed 30% of the portfolio; and,

5. No more than 5% per issuer.

Banker’s Acceptances
Banker’s acceptances, provided that:

1. They are issued by institutions with short term debt obligations rated ”A -1” or higher, or the equivalent, by a NRSRO; and have long-term debt obligations which are rated in the ”A” category or higher by a NRSRO; and,

2. The maturity does not exceed 180 days; and,

3. No more than 20% of the total portfolio may be invested in banker’s acceptances; and,

4. No more than 5% per issuer.

Mortgage Pass -Through Securities, Collateralized Mortgage Obligations (CMO) and Asset-Backed Securities, from issuers not defined in the U.S. Treasury Securities or U.S.

Government Agency Obligations sections of the Authorized and Suitable Investments section of this investment policy
Mortgage Pass -Through Securities, Collateralized Mortgage Obligations (CMO) and Asset - Backed Securities, from issuers not defined in the U.S. Treasury Securities or U.S. Government Agency Obligations sections of the Authorized and Suitable Investments section of this investment policy, provided that such securities:

1. Have a maximum stated final maturity of five years; and,

2. Are rated in a rating category of “AA” or its equivalent or better by a NRSRO; and,

3. Purchase of securities authorized by this subdivision may not exceed 20% of the portfolio.

Negotiable Certificates of Deposit
Negotiable certificates of deposit (NCDs), provided that:

1. They are issued by institutions which have long -term obligations which are rated in the ”A” category or higher by at least one NRSRO; and/or have short term debt obligations rated ”A-1” or higher, or the equivalent, by at least one NRSRO; and,

2. The maturity does not exceed five years; and,
4 3. No more than 30% of the total portfolio may be invested in NCDs and no more than 5% per issuer.

Federally Insured Time Deposits (Non-negotiable certificates of deposit) Federally Insured Time Deposits (Non -negotiable certificates of deposit) in state or federally chartered banks, savings and loans, or credit unions, provided that;

1. The amount per institution is limited to the maximum covered under federal insurance; and,

2. The maturity of such deposits does not exceed 5 years; and,

3. No more than 5% per issuer.

Time deposits (Non-negotiable certificates of deposit)
Time deposits (Non -negotiable certificates of deposit) in California banks in excess of insured amounts which are fully collateralized with securities in accordance with California law, provided that:

1. No more than 20% of the portfolio shall be invested in a combination of federally insured and collateralized time deposits; and,

2. The maturity of such deposits does not exceed 5 years; and,

3. No more than 5% of investment funds invested in any one bank.

Commercial Paper
Commercial paper , provided that the securities are issued by an entity that meets all of the following conditions in either paragraph (a) or (b) and other requirements specified below:
a. Securities issued by corporations:
(i) A corporation organized and operating in the United States with assets more than $500 million.
(ii) The securities are rated “A-1” or its equivalent or higher by at least one NRSRO. (iii) If the issuer has other debt obligations, they must be rated in a rating category of "A” or the equivalent or higher by at least one NRSRO.
b. Securities issued by other entities:
(i) The issuer is organized and operating within the United States as a special purpose corporation, trust, or limited liability company. (ii) The securities must have program -wide credit enhancement including, but not limited to, overcollateralization, letters of credit, or a surety bond. (iii) The securities are rated “A-1” or the equivalent or higher by at least one NRSRO. • The final maturity does not exceed 270 days; and,
• No more than 2 5% of the portfolio is invested in commercial paper . Under a provision sunsetting on January 1, 2026, no more than 40% of the portfolio may be invested in commercial paper if the City’s investable assets are greater than $100,000,000; and,
• No more than 5% per issuer; and,
5 • No more than 10% of the outstanding commercial paper of any single issuer.

Repurchase Agreements
Repurchase agreements collateralized with securities authorized under this policy maintained at a level of at least 102% of the market value of the repurchase agreements, provided that:

1. The maximum maturity of repurchase agreements shall be 30 days; and,

2. No more than 15% of the portfolio shall be invested in repurchase agreements; and,

3. Securities used as collateral for repurchase agreements, shall be delivered to the City’s custodian bank, except that securities used as collateral for the one to seven day repurchase agreements with the C ity’s depository bank may be held in safekeeping by the depository bank’s trust department in the name of the County, as evidenced by appropriate receipts of trust; and,

4. The repurchase agreements are the subject of a master repurchase agreement between the C ity and the provider of the repurchase agreement. The master repurchase agreement shall be substantially in the form developed by the Public Securities Association;
Mutual Funds and Money Market Mutual Funds
Money Market Mutual Funds that are registered with the Securities and Exchange Commission under the Investment Company Act of 1940, provided that:

1. Mutual Funds that invest in the securities and obligations as authorized under California Government Code, Section 53601 (a) to (k) and (m) to (q) inclusive and that meet either of the following criteria:
a. Attained the highest ranking or the highest letter and numerical rating provided by not less than two NRSROs; or,
b. Have retained an investment adviser registered or exempt from registration with the Securities and Exchange Commission with not less than five years’ experience investing in the securities and obligations authorized by California Government Code Section 53601 and with assets under management in excess of $500 million. c. No more than 10% of the total portfolio may be invested in shares of any one mutual fund.

2. Money Market Mutual Funds registered with the Securities and Exchange Commission under the Investment Company Act of 1940 and issued by diversified management companies and meet either of the following criteria:
a. Have attained the highest ranking or the highest letter and numerical rating provided by not less than 2 NRSROs; or
b. Have retained an investment adviser registered or exempt from registration with the Securities and Exchange Commission with not less than 5 years’ experience managing money market mutual funds with assets under management in excess of $500 million.

3. No more than 20% of the total portfolio may be invested in these securities.

6 Local Agency Investment Fund (LAIF)
State of California Local Agency Investment Fund (LAIF), provided that:

1. The City may invest up to the maximum permitted amount in LAIF; and

2. No more than 35% of the portfolio shall be invested LAIF; and,

3. LAIF’s investments in instruments prohibited by or not specified in the City’s policy do not exclude it from the City’s list of allowable investments, provided that the fund’s reports allow the Director Finance/City Treasurer to adequately judge the risk inherent in LAIF’s portfolio.

Supranationals
US dollar-denominated senior unsecured unsubordinated obligations issued or unconditionally guaranteed by the International Bank for Reconstruction and Development, International Finance Corporation, or Inter-American Development Bank, provided that:

1. The securities are rated in a rating category of “AA” or its equivalent or better by a NRSRO; and

2. No more than 30% of the portfolio shall be invested in these securities; and

3. No more than 10% of the portfolio may be invested in any single issuer; and

4. The maximum maturity does not exceed 5 years.

Municipal Securities
Include obligations of the City, the State of California and any local agency within the State of California, provided that:

1. The securities are rated in a rating category of “A” or its equivalent or better by a NRSRO; and

2. No more than 30% of the portfolio shall be invested in Municipal Securities; and

3. No more than 5% of the portfolio may be invested in any single issuer; and

4. The maximum maturity does not exceed 5 years.

Municipal Securities (Registered Treasury Notes or Bonds) Of any of the other 49 states in addition to California, including bonds payable solely out of the revenues from a revenue-producing property owned, controlled, or operated by a state or by a department, board, agency, or authority of any of the other 49 states, in addition to California.

1. The securities are rated in a rating category of “A” or its equivalent or better by a NRSRO; and

2. No more than 30% of the portfolio shall be invested in Municipal Securities; and

3. No more than 5% of the portfolio may be invested in any single issuer; and

4. The maximum maturity does not exceed 5 years.

Mitigating credit risk in the portfolio
Credit risk is the risk that a security or a portfolio will lose some or all of its value due to a real or perceived change in the ability of the issuer to repay its debt. The City will mitigate credit risk by adopting the following strategies:
7 1. No more than 5% of the total portfolio may be invested in securities of any single issuer, other than the US Government, its agencies and enterprises , money market funds and local government pools , supranationals, or unless otherwise specified in this policy; and,

2. The City may elect to sell a security prior to its maturity and record a capital gain or loss in order to improve the quality, liquidity or yield of the portfolio in response to market conditions or City’s risk preferences; and,

3. If securities owned by the City are downgraded below the minimum credit quality required by this Investment Policy, making it ineligible for additional purchases, the following steps will be taken:
a. Any actions taken related to the downgrade by the investment manager will be communicated to the Director of Finance/City Treasurer in a timely manner. b. If a decision is made to retain the security, the credit situation will be monitored and reported to the City Council.

Prohibited investment vehicles and practices

1. State law notwithstanding, any investments not specifically described herein are prohibited, including, but not limited to futures and options.

2. In accordance with Government Code Section 53601.6, investment in inverse floaters, range notes, or mortgage derived interest-only strips is prohibited.

3. Investment in any security that could result in a zero-interest accrual if held to maturity is prohibited.

4. Trading securities for the sole purpose of speculating on the future direction of interest rates is prohibited.

5. Purchasing or selling securities on margin is prohibited.

6. The use of reverse repurchase agreements, securities lending or any other form of borrowing or leverage is prohibited.

7. The purchase of foreign currency denominated securities is prohibited.

8. The purchase of a security with a forward settlement date exceeding 45 days from the time of the investment is prohibited.

Criteria for selecting investments and the order of priority are:

1. Safety
Safety of principal is the foremost objective of the investment program. Investments will be undertaken in a manner that seeks to ensure the preservation of capital in the overall portfolio. To attain this objective, the City will diversify its investments by investing funds among a variety of securities with independent returns.

2. Liquidity
The investment portfolio will remain sufficiently liquid to meet all operating requirements that may be reasonably anticipated.

3. Yield
The investment portfolio will be designed with the objective of attaining a market rate of return throughout budgetary and economic cycles, taking into account the investment risk constraints for safety and liquidity needs. 8 Safekeeping
Securities purchased shall be held in third party safekeeping by the trust department of the City’s bank or other designated third party trust, in the City’s name and control, whenever possible.

Delivery-Versus-Payment (DVP)
All investment transactions shall be conducted on a delivery -versus-payment basis. The only exception to the foregoing shall be depository accounts and securities purchases made with: (i) local government investment pools; (ii) time certificates of deposit; and, (iii) mutual funds and money market mutual funds, since these securities are not deliverable.

Investment Objective
The cash management system of the City of Buena Park is designed to accurately monitor and forecast expenditures and revenues, thus ensuring the investment of monies to the fullest extent possible. The City attempts to obtain the highest return possible while meeting the criteria required for safety and liquidity.

City Constraints
The City operates its pooled idle cash investments under the Prudent Investor Standard. This provides a broad spectrum of prudent investment opportunities consistent with current State of California Legislation and other imposed legal restrictions. The Director of Finance/ City Treasurer will evaluate local banks and savings institutions and may invest idle cash funds with such institutions when the criteria for prudent investment previously stated are met. The City operates its investment pool according to state and self -imposed constraints. It does not buy stocks; it does not speculate; it does not deal in futures or options.

CITY OF BUENA PARK

INVESTMENT GUIDELINES AND STRATEGY
I. GUIDELINES
Guidelines are established to direct and control activities in such a manner that previously established goals are achieved.

1. Investment Transaction
Every investment transaction must be authorized, documented and reviewed by the Director of Finance/City Treasurer.

2. Pooled Cash
Whenever practical, City cash is consolidated into one bank account and invested on a pooled concept basis. Interest earnings are allocated according to fund cash and investment balances.

3. Purchase of Investments
Whenever possible investments will be made through a City Council approved party custodian or directly from the originator of the investment (such as a bank or savings and loan). Any investment placed with a non-approved party or direct source must have prior written approval of both the Director of Finance/City Treasurer and City Manager.

Transactions of this nature will be forwarded to the City Council for review at the next regularly scheduled meeting.
9 4. Cash Forecast
The cash flow for the local agency is analyzed with the receipt of revenues and maturity of investments scheduled so that adequate cash will be available to meet disbursement requirements.

5. Investment Limitations
Security purchases and holdings are maintained within statutory limits imposed by the California Government Code and this investment policy. Current limits are:

U.S. Treasury Securities - No limit
U.S. Government Agency Obligations - No limit
Corporate Medium Term Notes - Maximum 30% of portfolio
Banker's Acceptances - Maximum 20% of portfolio
Mortgage Pass-Through Securities, Collateralized Mortgage Obligations (CMO) and Asset Backed Securities, from issuers not defined in the U.S. Treasury Securities or U.S. Government Agency Obligations sections of the Authorized and Suitable Investments section of this investment policy - Maximum 20% of portfolio Negotiable Certificates of Deposit - Maximum 30% of portfolio Federally Insured Time Deposits and Time Deposits (non-negotiable certificates of deposit) - Maximum of 20% of portfolio
Commercial Paper - Maximum 25% of portfolio, 40% if investable assets >$100 million Repurchase Agreements - Maximum 15% of portfolio
Mutual Funds and Money Market Mutual Funds - Maximum 20% of portfolio Local Agency Investment Fund - Maximum 35% of portfolio Supranationals – Maximum 30% of portfolio
Municipal Securities – Maximum 30% of portfolio

6. Liquidity
The marketability (salability) of a security is considered at the time of purchase, as the security may have to be sold at a later date to meet unanticipated cash demands.

7. Diversification
The portfolio should consist of a mix of various types of securities, issuers, and maturities.

8. Investment Reporting
The Director of Finance/ City Treasurer shall provide a monthly report to the City Council for their approval. These monthly reports shall contain a listing of all investments including their value and maturity and a list of transactions.

9. Statement of Investment Policy
The Director of Finance/City Treasurer shall annually render to the City Council a statement of investment policy to be considered at a public meeting.

10 II. STRATEGY
Strategy refers to the ability to manage financial resources in the most advantageous manner.

1. Economic Forecasts
Economic Forecasts are obtained periodically from economists and financial experts through bankers and brokers to assist the Director Finance/City Treasurer with the formulation of an investment strategy for the local agency.

2. Implementing Investment Strategy
Investment transactions are executed which conform to anticipated interest rate trends and the current investment strategy plan.

3. Rapport
A close working relationship is maintained with large vendors of the City. The objective is to pinpoint when large disbursements will clear the City’s Bank Account. It is essential for good cash control that such large expenditures be anticipated, estima ted as to dollar amount, and communicated to the Director of Finance/City Treasurer for liquidity planning purposes.

4. Preserve Portfolio Value
Yield standards are developed in order to maintain earnings near the market and to preserve the value of the portfolio.

CITY OF BUENA PARK

CASH CONTROLS
Procedures Performed by the Auditors with Respect to Cash Receipts A. City procedures and controls are reviewed. Some of the system strengths are:

1. Receipts are controlled upon receipt by proper registration devices.

2. Receipts are reconciled on a daily basis.

3. Amounts are deposited intact.

4. All bank accounts are authorized by City Council.

5. Cash counts are done by two or more individuals.

6. Bank reconciliations are prepared in a timely manner and reviewed.

7. Prompt posting of cash receipt entries in books is performed.

8. Receipt forms are pre-numbered, accounted for, and physically secured.

9. Proper approval is required for write-offs of customer accounts.

10. Checks are restrictively endorsed upon receipt or when run through cash register.

11. Adequate physical security of cash is maintained.

12. Receipts are listed by a separate person prior to being transmitted to individuals responsible for record keeping.
11 13. Individuals that handle cash do not post to customer account records or process billing statements.

14. Finance Department operations are adequately supervised.

B. Significant revenues are confirmed directly with payer and compared with the City’s books to ensure amounts are recorded properly.

C. Cash balances are substantiated by confirming all account balances recorded in books. Bank reconciliations are reviewed for propriety and recalculated by auditor. All significant reconciling items on bank reconciliations are verified as valid reconciling items by proving to subsequent bank statements.

CITY OF BUENA PARK

INVESTMENT PROCEDURES

INTERNAL CONTROLS - GUIDELINES
Objectives of Internal Control
Internal control is the plan of organization and all the related systems established by management’s objective of ensuring, as far as practicable:
• the orderly and efficient conduct of its business, including adherence to management policies • the safeguarding of assets
• the prevention or detection of errors and fraud
• the accuracy and completeness of the accounting records • the timely preparation of reliable financial information.

Limitations of Internal Control
No internal control system, however elaborate, can by itself guarantee the achievement of management’s objectives. Internal control can provide only reasonable assurance that the objectives are met, because of its inherent limitations, including:
• management’s usual requirement that a control be cost-effective • the direction of most controls at recurring, rather than unusual, types of transactions • human error due to misunderstanding, carelessness, fatigue or distraction • potential for collusion that circumvents controls dependent on the segregation of functions • potential for a person responsible for exercising control abusing that responsibility; a member of management is frequently in a position to override controls which management has set up.

Reporting/Internal Controls
Monthly Treasurer’s Reports
It is a requirement of this policy that the Director of Finance/City Treasurer prepare monthly transaction reports to the City Council. These reports shall contain a listing of all investments including their value, original purchase information, maturities, and a summary of cash by fund.

The reports shall state compliance of the portfolio to the City’s Statement of Investment Policy, or the manner in which the portfolio is not in compliance. The reports shall include a statement 12 denoting the ability of the City to meet its expenditure requirements for the next six months, or provide an explanation as to why sufficient money shall, or may, not be available.

Annual Independent Audit of Investments
This policy requires that an independent annual audit of policy compliance be conducted. This audit should include independent verification of all cash and investments. Reporting of audit findings shall be the same as required by generally accepted auditing standards.

Quarterly City Manager Investment Review
The City Manager or his designee (outside the Finance Department staff) shall on a quarterly basis verify actual investments through the review of original investment statements. This review should include matching the Monthly Treasurer’s report to statements provided by all institutions serving as a trustee. It is the responsibility of the City Manager or his designee to report any issues that indicate City policy being violated to the City Council.

Elements of Internal Control
Elements of a system of internal control are the means by which an organization can satisfy the objectives of internal control. These elements are:

1. Organization
Specific responsibility for the performance of duties should be assigned and lines of authority and reporting clearly identified and understood.

2. Personnel
Personnel should have capabilities commensurate with their responsibilities. Personnel selection and training policies together with the quality and quantity of supervision are thus important.

3. Segregation of Function
Segregation of incompatible functions reduces the risk that a person is in a position both to perpetrate and conceal errors or fraud in the normal course of duty. If different people handle two parts of a transaction, collusion is necessary to conceal errors or fraud. In particular, the functions that should be considered when evaluating segregation of functions are authorization, execution, recording, custody of assets and performing reconciliations.

4. Authorization
An appropriate responsible individual should authorize all transactions. The responsibilities and limits of authorization should be clearly delineated. The individual or group authorizing a specific transaction or granting general authority for transactio ns should be in a position commensurate with the nature and significance of the transactions. Delegation of authority to authorize transactions should be handled very carefully.

5. Controls Over an Accounting System
Controls over an accounting system include the procedures, both manual and computerized, carried out independently to ascertain that recorded transactions are complete, valid, authorized and properly recorded.

13 CITY OF BUENA PARK

SEGREGATION OF RESPONSIBILITIES

FOR THE TREASURY FUNCTIONS
Function Responsibility

1. Authorization of Investment Transactions
a. Formal Investment Policy should be:
- Prepared by:
- Submitted to and approved by:
b. Investment transactions should be approved
by:

Director of Finance/City Treasurer
City Council
Director of Finance/City Treasurer

2. Execution of investment transaction: Director of Finance/City Treasurer and/or Accounting Technician

3. Timely recording of investment transactions
a. Recording of investment transaction in the
Treasurer’s records:
b. Recording of investment transaction into the
accounting records:

Senior Accounting Technician

Accountant

4. Verification of investment, i.e., match broker
confirmation to Treasurer’s records:

Director of Finance/City Treasurer
and/or Senior Accounting Technician

5. Safeguarding of Assets and Records
a. Reconciliation of Treasurer’s records to the
accounting records:
b. Reconciliation of Treasurer’s records to bank
statements and safekeeping records:
c. Review of (a) financial institution’s financial
condition, (b) safety, liquidity, and potential
yields of investment instruments

Finance Manager

Accountant

Director of Finance/City Treasurer

6. Treasurer’s Vault: Adequate controls limiting unauthorized access to investment securities are
strictly maintained.

7. Periodic review of collateral: Director of Finance/City Treasurer

8. Periodic review of investment portfolio as prepared
by Treasurer including:
- Investment types
- Purchase price
- Market values
- Maturity dates
- Investment yields
- Conformance to stated investment policy
Independent Auditors

14 GLOSSARY OF INVESTMENT TERMS
Agencies. Shorthand market terminology for any obligation issued by a government-sponsored entity (GSE), or a federally related institution. Obligations of GSEs are not guaranteed by the full faith and credit of the U .S. government. There are eight GSEs, five of which are currently active in the new issue market. The five include:

FFCB. The Federal Farm Credit Bank System provides credit and liquidity in the agricultural industry. FFCB issues discount notes and bonds.

FHLB. The Federal Home Loan Bank provides credit and liquidity in the housing market.

FHLB issues discount notes and bonds.

FHLMC. Like FHLB, the Federal Home Loan Mortgage Corporation provides credit and liquidity in the housing market. FHLMC, also called “Freddie Mac” issues discount notes, bonds and mortgage pass-through securities.

FNMA. Like FHLB and Freddie Mac, the Federal National Mortgage Association was established to provide credit and liquidity in the housing market. FNMA, also known as “Fannie Mae,” issues discount notes, bonds and mortgage pass-through securities.

SLMA. The student loan marketing association, also known as “Sallie Mae,” provides liquidity to private lenders who make various types of loans for education. SLMA currently issues floating rate notes.

Federally related institutions are arms of the federal government. Most do not issue securities directly into the market. Those, which do issue directly, include the following:

GNMA. The Government National Mortgage Association, known as “Ginnie Mae,” issues mortgage pass-through securities, which are guaranteed by the full faith and credit of the U.S. Government.

PEFCO. The Private Export Funding corporation assists exporters. Obligations of PEFCO are not guaranteed by the full faith and credit of the U.S. government.

TVA. The Tennessee Valley Authority provides flood control and power and promotes development in portions of the Tennessee, Ohio and Mississippi River valleys. TVA currently issues discount notes and bonds.

Asset Backed Securities. Securities supported by pools of installment loans or leases or by pools of revolving lines of credit.

Banker’s acceptance . A money market instrument created to facilitate international trade transactions. It is highly liquid and safe because the risk of the trade transaction is transferred to the bank which “accepts” the obligation to pay the investor.

Benchmark. A comparison security or portfolio. A performance benchmark is a partial market index, which reflects the mix of securities allowed under a specific investment policy.

Bid. The price at which a buyer offers to buy a security.

Broker. A broker brings buyers and sellers together for a transaction for which the broker receives a commission. A broker does not sell securities from their own position.

Certificate of Deposit (CD). A time deposit with a specific maturity evidenced by a certificate.

Large denomination CDs may be marketable.
15 Collateral. Securities or cash pledged by a borrower to secure repayment of a loan or repurchase agreement. Also, securities pledged by a financial institution to secure deposits of public monies.

Collateralized Mortgage Obligations (CMO). Classes of bonds that redistribute the cash flows of mortgage securities (and whole loans) to create securities that have different levels of prepayment risk, as compared to the underlying mortgage securities.

Commercial paper. The short-term unsecured debt of corporations.

Corporate Medium term notes. Unsecured, investment-grade senior debt securities of major corporations which are sold in relatively small amounts either on a continuous or an intermittent basis. MTNs are highly flexible debt instruments that can be structured to respond to market opportunities or to investor preferences.

Cost yield. The annual income from an investment divided by the purchase cost. Because it does not give effect to premiums and discounts which may have been included in the purchase cost, it is an incomplete measure of return.

Coupon. The rate of return at which interest is paid on a bond.

Credit risk. The risk that principal and/or interest on an investment will not be paid in a timely manner due to changes in the condition of the issuer.

Current yield. The annual income from an investment divided by the current market value.

Since the mathematical calculation relies on the current market value rather than the investor’s cost, current yield is unrelated to the actual return the investor will earn if th e security is held to maturity.

Dealer. A dealer acts as a principal in security transactions, selling securities from and buying securities for their position.

Debenture. A bond secured only by the general credit of the issuer.

Delivery vs. payment (DVP). A securities industry procedure whereby payment for a security must be made at the time the security is delivered to the purchaser’s agent.

Derivative. Any security that has principal and/or interest payments which are subject to uncertainty (but not for reasons of default or credit risk) as to timing and/or amount, or any security which represents a component of another security which has been separated from other components (“Stripped” coupons and principal). A derivative is also defined as a financial instrument the value of which is totally or partially derived from the value of another instrument, interest rate or index.

Discount. The difference between the par value of a bond and the cost of the bond, when the cost is below par. Some short -term securities, such as Tbills and banker’s acceptances, are known as discount securities. They sell at a discount from par, and return the par value to the investor at maturity without additional interest. Other securities, which have fixed coupons trade at a discount when the coupon rate is lower than the current market rate for securities of that maturity and/or quality.

Diversification. Dividing investment funds among a variety of investments to avoid excessive exposure to any one source of risk.

Duration. The weighted average time to maturity of a bond where the weights are the present values of the future cash flows. Duration measures the price sensitivity of a bond to changes in interest rates. (See modified duration).
16 Federal funds rate. The rate of interest charged by banks for short-term loans to other banks.

The Federal Reserve Bank through open-market operations establishes it.

Federal Open Market Committee. A committee of the Federal Reserve Board that establishes monetary policy and executes it through temporary and permanent changes to the supply of bank reserves.

Leverage. Borrowing funds in order to invest in securities that have the potential to pay earnings at a rate higher than the cost of borrowing.

Liquidity. The speed and ease with which an asset can be converted to cash.

Local Agency Investment Fund (LAIF). A voluntary investment fund open to government entities and certain non -profit organizations in California that is managed by the State Treasurer’s Office.

Local Government Investment Pool. Investment pools that range from the State Treasurer’s Office Local Agency Investment Fund (LAIF) to county pools, to Joint Powers Authorities (JPAs).

These funds are not subject to the same SEC rules applicable to money market mutual funds.

Margin. The difference between the market value of a security and the loan a broker makes using that security as collateral.

Market risk. The risk that the value of securities will fluctuate with changes in overall market conditions or interest rates.

Market value. The price at which a security can be traded.

Marking to market. The process of posting current market values for securities in a portfolio.

Maturity. The final date upon which the principal of a security becomes due and payable. An investment’s term or remaining maturity is measured from the settlement date to final maturity.

Modified duration. The percent change in price for a 100 basis point change in yields. Modified duration is the best single measure of a portfolio’s or security’s exposure to market risk.

Money market. The market in which short term debt instruments (Tbills, discount notes, commercial paper and banker’s acceptances) are issued and traded.

Mortgage Pass-Through Securities . A securitized participation in the interest and principal cash flows from a specified pool of mortgages. Principal and interest payments made on the mortgages are passed through to the holder of the security.

Municipal Securities. Securities issued by state and local agencies to finance capital and operating expenses.

Mutual fund. An entity which pools the funds of investors and invests those funds in a set of securities which is specifically defined in the fund’s prospectus. Mutual funds can be invested in various types of domestic and/or international stocks, bonds and money mark et instruments, as set forth in the individual fund’s prospectus. For most large, institutional investors, the costs associated with investing in mutual funds are higher than the investor can obtain through an individually managed portfolio.

Nationally Recognized Statistical Rating Organization (NRSRO). A credit rating agency that the Securities and Exchange Commission in the United States uses for regulatory purposes.

Credit rating agencies provide assessments of an investment’s risk. The issuers of investments, especially debt securities, pay credit rating agencies to provide them with ratings. The three most prominent NRSROs are Moody’s, S&P and Fitch.
17 Premium. The difference between the par value of a bond and the cost of the bond, when the cost is above par.

Primary dealer. A financial institution (1) that is a trading counterparty with the Federal Reserve in its execution of market operations to carry out U.S. monetary policy, and (2) that participates for statistical reporting purposes in compiling data on activity in the U.S. Government securities market.

Prudent investor (person) rule. A standard of responsibility which applies to fiduciaries. In California, the rule is stated as “Investments shall be managed with the care, skill, prudence and diligence, under the circumstances then prevailing, that a prudent person, acting in a like capacity and familiar with such matters, would use in the conduct of an enterprise of like character and with like aims to accomplish similar purposes.” Realized yield. The change in value of the portfolio due to interest received and interest earned and realized gains and losses. It does not give effect to changes in market value on securities, which have not been sold from the portfolio.

Regional dealer. A financial intermediary that buys and sells securities for the benefit of its customers without maintaining substantial inventories of securities, and that is not a primary dealer.

Repurchase agreement (RP, Repo). Short term purchases of securities with a simultaneous agreement to sell the securities back at a higher price. From the seller’s point of view, the same transaction is a reverse repurchase agreement.

Safekeeping. A service to bank customers whereby securities are held by the bank in the customer’s name.

Structured note. A complex, fixed income instrument, which pays interest, based on a formula tied to other interest rates, commodities or indices. Examples include inverse floating rate notes which have coupons that increase when other interest rates are falling, and which fall when other interest rates are rising, and "dual index floaters," which pay interest based on the relationship between two other interest rates - for example, the yield on the ten -year Treasury note minus the Libor rate. Issuers of such notes lock in a reduced cost of borrowing by purchasing interest rate swap agreements.

Supranational. A Supranational is a multi -national organization whereby member states transcend national boundaries or interests to share in the decision making to promote economic development in the member countries.

Total rate of return. A measure of a portfolio’ performance over time. It is the internal rate of return, which equates the beginning value of the portfolio with the ending value, and includes interest earnings and realized and unrealized gains and losses on the portfolio.

U.S. Treasury obligations. Securities issued by the U.S. Treasury and backed by the full faith and credit of the United States. Treasuries are considered to have no credit risk, and are the benchmark for interest rates on all other securities in the U .S. and overseas. The Treasury issues both discounted securities and fixed coupon notes and bonds.

Treasury bills. All securities issued with initial maturities of one year or less are issued as discounted instruments, and are called Treasury bills. The Treasury currently issues three- and six-month Tbills at regular weekly auctions. It also issues “cash management” bills as needed to smooth out cash flows.
18 Treasury notes. All securities issued with initial maturities of two to ten years are called Treasury notes, and pay interest semi-annually.

Treasury bonds. All securities issued with initial maturities greater than ten years are called Treasury bonds. Like Treasury notes, they pay interest semi-annually.

Volatility. The rate at which security prices change with changes in general economic conditions or the general level of interest rates.

Yield to Maturity. The annualized internal rate of return on an investment which equates the expected cash flows from the investment to its cost.

City of Buena Park
City Council Regular Meeting Agenda Report
G. ANNUAL COMPREHENSIVE FINANCIAL REPORT (ACFR) FOR THE YEAR ENDED JUNE 30, 2024 Meeting
Tuesday, February 25, 2025, 5:00 PM
Agenda Group
CONSENT CALENDAR Item: 4G.

Presented By Prepared By
Sung Hyun, Director of Finance
Approved By
Aaron France, City Manager
Presented By
Sung Hyun, Director of Finance

RECOMMENDED ACTION
1) Receive and ﬁle the Annual Comprehensive Financial Report (ACFR) for the year ended June 30, 2024.

PREVIOUS CITY COUNCIL ACTION
None.

DISCUSSION
Staff is pleased to submit the City of Buena Park’s Annual Comprehensive Financial Report (ACFR) for the ﬁscal year ended June 30, 2024. The ACFR goes beyond the minimum standard for ﬁnancial reporting established by Generally Accepted Accounting Principles (GAAP), and as the name implies, presents a more comprehensive overview of the City. The ACFR has three major sections: introductory, ﬁnancial, and statistical. The introductory section provides general information on the City’s structure, services, and environment. The ﬁnancial section contains all the basic ﬁnancial statements and required supplementary information, as well as information on all the individual funds. The statistical section provides trend data and non-ﬁnancial data useful in interpreting the basic ﬁnancial statements. The ACFR has been prepared and presented in a manner designed to fairly set forth the ﬁnancial position and results of operations of the City as measured by the ﬁnancial activities of its various funds.

The ACFR includes an independent auditor’s report and opinion.

For the past 18 years the City’s ACFR has been awarded the Government Finance Oﬃcers Association’s (GFOA) Certiﬁcate of Achievement for Excellence in Financial Reporting. In order to be awarded a Certiﬁcate of Achievement, a government must publish an easily readable and eﬃciently organized comprehensive annual report. This report must satisfy both generally-accepted accounting principles and applicable legal requirements.

A Certiﬁcate of Achievement is valid for a period of one year only. Staff believes that this ACFR continues to meet the Certiﬁcate of Achievement Program’s requirements and has submitted it to GFOA to determine its eligibility.

BUDGET IMPACT
There is no budget impact associated with this item.

Attachments
ACFR 2024

ANNUAL COMP REHENSIVE
FINANCIAL REPORT FOR THE YEAR ENDED JUNE 30, 2024 2024
BUENAGPARK Center of the Southland
BUENAPARK.COM
City of Buena Park, California
Annual Comprehensive Financial Report
With Report on Audit by
Independent Certified Public Accountants
For the Year Ended
June 30, 2024
Prepared by:

Finance Department
Sung Hyun, Director

City of Buena Park
Annual Comprehensive Financial Report
Year Ended June 30, 2024

TABLE OF CONTENTS
Page

INTRODUCTORY SECTION

Letter of Transmittal i - v
List of City Officials vi
Organizational Chart vii
GFOA Certificate of Achievement for Excellence in Financial Reporting viii

FINANCIAL SECTION

Independent Auditor’s Report 1 - 3

Management’s Discussion & Analysis 4 - 25

Basic Financial Statements
Government-wide Financial Statements:

Statement of Net Position 26
Statement of Activities 27 - 28
Fund Financial Statements:

Balance Sheet - Governmental Funds 29
Reconciliation of the Balance Sheet of Governmental Funds to the Statement of Net Position 30 Statement of Revenues, Expenditures and Changes in Fund Balances - Governmental Funds 31 Reconciliation of the Statemen t of Revenues, Expenditures, and Changes in Fund Balances of Governmental Funds to t he Statement of Activities

32 Statement of Net Position - Proprietary Funds 33
Statement of Revenues, Expenses and Changes in Net Position - Proprietary Funds 34 Statement of Cash Flow s - Proprietary Funds 35
Statement of Net Position - Fiduciary Funds 36
Statement of Changes in Net Position - Fiduciary Funds 37 Notes to Financial Statements 38 - 71

Required Supplementary Information
Schedule of Revenues, Expenditures and Changes in Fund Balances - Budget and Actual:

General Fund 72 - 73
Housing Successor Special Revenue Fund 74
Notes to Required Supplementary Information 75
Schedule of Changes in the Net Pension Liability – Miscellaneous Plan 76 - 77 Schedule of the City’s Proportionate Share of the Net Pension Liability - Safety Plan 78 Schedule of Contributions 79
Schedule of Changes in the Net OPEB Liability and Related Ratios 80 - 81

Supplementary Information
Budgetary Comparison Schedules for Major Capital Projects Fund:

Park In-Lieu 82
Other Governmental Funds: 83
Combining Balance Sheet 84 - 86
Combining Statement of Revenues, Expenditures and Changes in Fund Balances 87 - 89

City of Buena Park
Annual Comprehensive Financial Report
Year Ended June 30, 2024

TABLE OF CONTENTS - Continued
Page
Supplementary Information - Continued
Budgetary Comparison Schedules for Non-major Funds:

Gas Tax 90
Asset Forfeiture 91
Proposition 172 Police Augmentation 92
Measure M2 93
Local Law Enforce ment Block Grant 94
Traffic Impact Fee 95
State OCATT 96
COPS/SLESF 97
Housing and Community Development 98
AB2766/AQMD 99
HOME Loans 100
CalHOME Loans 101
Opiod Settlement 102
City Capital Projects 103
Internal Service Funds: 104
Combining Statement of Net Posit ion - Internal Service Funds 1 05 - 106 Combining Statement of Revenues , Expenses, and Changes in Net Position - Internal Service Funds 107 - 108 Combining Statement of Cash Flow s - Internal Service Funds 109 - 110 Custodial Funds: 111
Combining Statement of Fiduciary Net Position - Custodial Funds 112 Combining Statement of Changes in Fiduciary Net Position – Custodial Funds 113

STATISTICAL SECTION
Description of Statistical Section 114
Net Position by Component 115 - 116
Changes in Net Position 117 - 120
Fund Balances of Governmental Funds 121 - 122
Changes in Fund Balances of Governmental Funds 123 - 124 Governmental Activities Tax Revenues by Source 125
Direct and Overlapping Property Tax Rates 126
Principal Property Tax Payers 127
Secured Property Tax Levies and Collections 128
Assessed Value and Actual Value of Taxable Property 129 Ratios of Outstanding Debt by Type 130
Direct and Overlapping Debt 131
Legal Debt Margin Information 132 - 133
Demographic and Economic Statistics 134
Principal Employers 135
Full-time Equivalent City Government Employees by Function 136 - 137 Capital Asset Statistics by Function 138 - 139
Operating Indicators by Function 140 - 141

INTRODUCTORY SECTION
6650 Beach Boulevard | P.O. Box 5009 | Buena Park, CA | 90622 -5009 | [714] 562- 3713 | Fax [714] 562 -3728 | BuenaPark.com

FINANCE DEPARTMENT
December 27, 202 4
Honorable Mayor and Members of the City Council
City of Buena Park
Buena Park, California
It is my pleasur e to submit t he Annual Comprehensive Financial Report ( ACFR) of t he City of Buena Park (the City) for the fiscal year ended June 30, 2024.

This report consists of management’s representations concerning the finances of the City.

Consequently, management assumes full responsibility for the completeness and reliability of all of the information presented in this report. To provide a reasonable basis for making these representations, management has established a comprehensive internal control framework that is designed both to protect the City’s assets from loss, theft, or misuse and to compile sufficient reliable information for the preparation of the City’s financial statements in conformity with generally accepted accounting principles (GAAP). Because the cost of internal controls should not outweigh their benefits, internal controls have been designed to provide reasonable rather than absolute assurance that the financial statements will be free from material misstatements.

The City’s financial statements have been audited by Van Lant & Fankhanel, LLP, a firm of certified public accountants. The independent auditor concluded, based on the audit, that there was a reasonable basis for rendering an unmodified opinion on the City’s financial statements for the fiscal year ended June 30, 2024 . The independent auditor’s report is presented as the first component of the financial section of this report.

The independent audit of the financial statements of the City was part of a broader, federally mandated “Single Audit” designed to meet the specific needs of the federal grantor agencies. The standards governing Single Audit engagements require the independent auditor to report not only on the fair presentation of the financial statements, but also on internal controls and legal requirements involving the administration of federal awards. These reports are available in the City’s separately issued Single Audit Report.

GAAP require that management provide a narrative introduction, overview, and analysis to accompany the basic financial statements in the form of Management’s Discussion and Analysis (MD&A). This letter of transmittal is designed to complement the MD&A and should be read in conjunction with it. The City of Buena Park’s MD&A can be found immediately following the report of the independent auditors.

City of Buena Park Profile
The City of Buena Park was incorporated on January 27, 1953, as a General Law City . In November 2008, voters adopted a City Charter. The City of Buena Park is located at the northwest edge of Orange County, which is located in the southwestern part of the State of ii

California. It occupies a land area of 10.27 square miles and provides a full range of services, including police protection, street and other infrastructure construction and maintenance, and recreational activities to its population of 82,689.

The City of Buena Park operates under the council -manager form of government. In 2016, the City adopted a by-district voting system. The by-district voting system replaced the previous at- large electoral voting system. The new system includes five voting districts, which are represented by elected council members that live in each area. The City Council’s five members provide the policy -setting and legislative functions of the City for four -year overlapping terms.

Elections are held in November of even -numbered years, with either two or three seats to be filled. The Mayor is elected by City Council for a one-year term and is the presiding officer of the Council. The City Council is responsible, among other things, for passing ordinances, adopting the budget, appointing committees, and hiring the City Manager, City Clerk, and City Attorney.

The City Manager is responsible for carrying out the policies and ordinances of the Council, for overseeing the day -to-day operations of the City, and for appointing the heads of the various departments.

The annual budget serves as the foundation for the City’s financial planning and policy making.

The City Manager presents the proposed budget to the City Council for review prior to the beginning of each fiscal year. The budget is prepared according to fund, function (e.g., public safety), and department (e.g., police). The City Manager or Department Heads may make certain transfers of appropriations within a department. However, the City Manager’s approval is required to transfer resources from an operating account to a capital account and to transfer appropriations between departments.

The financial activities of the Buena Park Public Financing Authority, for which the City serves as the governing body, are also included in this report.

Local Economy

Buena Park is home to the world- famous Knott’s Berry Farm, one of the nation’s most popular and largest theme amusement parks. Also located in Buena Park are the Medieval Times Dinner and Tournament, Pirate’s Dinner Adventure, and Knott’s Soak City. These attractions drive the tourism industry in the City.

In addition to the entertainment-type businesses, Buena Park also offers a complete selection of hotels, restaurants, commercial centers, office complexes, business parks, and the Buena Park Mall. Major nationally recognized employers in the City of Buena Park include Access Business Group, Amazon.com, Pepsi, and Yamaha. T he City’s Auto Center includes dealers of BMW, Buick/GMC, Cadillac, Chevrolet, Chrysler/Dodge/Jeep/Ram, Ford, Honda, Mercedes -Benz, Nissan, Tesla, and Toyota vehicles, as well as a CarMax Auto Superstore.

Despite concerns, t he local economy continues to remain in positive territory . Consumer spending remains resilient even with inflationary and interest rate pressures . Global events continue to remain a concern that may affect economic growth due to potential supply chain issues. Overall, the outlook continues to be positive, but staff continues to monitor the City’s exposure to these potentially changing economic conditions, as well as, changing state and federal mandates that may affect the City’s ongoing revenue sources.

iii

Major Initiatives

The City is committed to maintaining the quality of life our residents expect and rely on. As a part of this continuing goal, the City rolled out “Speak Up Buena Park!”, a comprehensive survey of the City’s residents to identify the services and priorities that are the most important to the community. Over 2,000 residents, businesses, and community members provided responses during this effort, and identified the following service priorities:
• Preventing crime, including property crimes, like burglary, robbery and car theft • Ensuring that children have safe places to play and safe routes to school • Maintaining 911 emergency response and retaining/attracting well-trained police officers • Keeping public areas safe and clean
• Keeping Buena Park affordable for middle class and working people • Helping maintain the City’s quality of life for local residents • Addressing homelessness
As a result, Buena Park residents voted to enact Measure R, a local sales tax, to fund the general municipal services that are critical to addressing the identified priorities.

The City, in union with the Buena Park Unified School District, completed construction of a $5 million park project. The joint-use park utilized an empty 3.2 acre lot behind Whitaker Elementary School. The park has many facilities that can be enjoyed by schoolchildren and adult park users alike. The park boasts a well- lit ¼ mile walking track, workout equipment, basketball/pickleball/fractionball court, picnic tables, benches, outdoor classroom area, and play structures. The Whitaker School Park was designed and constructed with dual- use in the forefront of the project. This park was constructed in a joint effort between the City of Buena Park and the Buena Park Unified School District utilizing school district -owned property. The park juggled offering unique facilities for regular park goers while maintaining a design that complements elementary school school-aged students. The park is joint- use, meaning it will be solely utilized by the James Whitaker Elementary School from the hours of 7 AM – 4 PM, and will be open for public use from 4 PM – 10 PM on school days. Program elements were refined through extensive community outreach, including incorporating two STEM -themed playgrounds featuring biology and technology motifs.

The City has completed the following capital improvement projects in FY2023-24:

• City Hall HVAC Upgrade
• Cerritos Avenue Rehabilitation
• Orangethorpe Avenue Rehabilitation
• Caballero Blvd. Rehabilitation, Valley to Regio
• Ehlers Center Lighting Improvement
• Knott Avenue Sewer Upsizing, La Palma to El Dorado
• Brenner Avenue and Melrose Street Sewer Upsizing

Long-term Financial Planning

The City’s 2035 General Plan establishes policy direction for the long-range planning and growth of the City. As a part of the General Plan, the City adopted the following economic principles and goals:

iv
• FISCAL STABILITY
o The City of Buena Park seeks fiscal stability and continued financial growth.

Stability will enhance opportunity for economic growth sectors of the community. • T

AX BASE REVENUE GROWTH
o Economic growth can bring many benefits to the community, including jobs, housing, and new revenue. New growth will lead to higher tax revenue, thus benefiting residents and the community directly by enhancing many of the public services the City provides. The City will continue to collaborate with the business community to facilitate growth, development, and infrastructure improvements that benefit residents and businesses alike.
• D

IVERSITY
o Buena Park understands that part of its economic stronghold stems from its employment diversity of office, retail, manufacturing, and industrial businesses.

Retaining and expanding these businesses will continue the economic benefits the City maintains, as well as those seeking employment opportunities in Buena Park. • BU

SINESS RETENTION AND ATTRACTION
o Business retention and attraction are top priorities for Buena Park. The City takes great pride in the long, established history of the many business establishments in t
he City.
• J

OBS-HOUSING BALANCE
o Future mixed -use development in focus areas of the City will provide greater opportunity for jobs-housing balancing.
• E

NTERTAINMENT CORRIDOR AND TOURISM
o The Entertainment Corridor along Beach Boulevard provides multiple attractions and destinations for visitors to Buena Park. The City will continue to seek opportunities to grow and expand the experience for tourists who visit Buena Park. • R

EVITALIZATION OF AGING CENTERS
o Buena Park recognizes the need to revitalize its older commercial areas and support reinvestment and business growth in these areas. Encouraging economic growth can also help meet identified community needs.
• R

ETAIL SECTOR
o The stability and growth of the retail sector is vital to the economic well being of the City. Retail opportunities need to respond to both the residents and visitors of Buena Park.
• M

IX OF INDUSTRIAL AND OFFICE USES
o A primary factor in identifying focus areas in the City is the need to revitalize and reinvent industrial and office uses to respond to the needs and interests that seek these uses.

There are policies within each principle and goal that provide direction for decision making that encourages economic growth while also maintaining and improving the quality of life in the community.

Additionally, the City Council updated the City's Strategic Plan for 2023-26 during a goal setting workshop. Among the goals identified, two were related to maintaining the City's fiscal stability and enhancing services:

Goal 1: Increase locally controlled revenue sources.

Goal 2: Enhance economic development.

These goals are some of the many guiding factors when preparing the City's annual budget.

The City Council's approved long-term financial planning policies and principles, along with other approved policies and goals, form the basis for allocating resources to provide quality services and sustaining fiscal health.

The continuing enhancement of the City's main corridor, Beach Boulevard, remains a priority, with plans for new restaurants, hotels, and venues.

Government Finance Officers Association of the United States and Canada (GFOA) Certificate of Achievement Award
The GFOA awarded a Certificate of Achievement for Excellence in Financial Reporting to the City of Buena Park for its annual comprehensive financial report for the year ended June 30, 2023. In order to be awarded a Certificate of Achievement, a government must publish an easily readable and efficiently organized annual comprehensive financial report. This report must satisfy both generally accepted accounting principles and applicable legal requirements.

A Certificate of Achievement is valid for a period of one year only. I believe that our current annual comprehensive financial report continues to meet the Certificate of Achievement Program's requirements and I am submitting it to the GFOA to determine its eligibility for another certificate.

Acknowledgments
The preparation and publication of this report could not be accomplished without the dedication, professionalism, and teamwork of the Finance Department staff. I would like to express my sincere appreciation to all the members of the Finance Department. In addition, I want to acknowledge the efforts of the City's independent auditors, Van Lant & Fankhanel, LLP, who assisted in the preparation of this report. Finally, I would like to thank the City Manager and the City Council for their support in planning and conducting the financial operations of the City in a responsible and progressive manner.

Respectfully submitted,
Sung Hyun
Director of Finance
V
vi

CITY OF BUENA PARK
List of Principal Officials

CITY COUNCIL

Mayor ............................................................................................................ Joyce Ahn

Vice Mayor ............................................................................................... Connor Traut

Council Member ...................................................................................... Carlos Franco

Council Member ..................................................................................... Lamiya Hoque

Council Member ....................................................................................... Susan Sonne

ADMINISTRATION AND DEPARTMENT HEADS

City Manager ............................................................................................ Aaron France

City Attorney ............................................................................... Christopher Cardinale

Director of Government and Community Relations (City Clerk) ......... Adria M. Jimenez

Assistant City Manager/Director of Human Resources ............................ Eddie Fenton

Director of Community Development ......................................................... Matt Foulkes

Director of Community Services ................................................................... James Box

Director of Finance ....................................................................................... Sung Hyun

Police Chief ............................................................................................... Frank Nunes

Director of Public Works/City Engineer .................................................... Mina Mikhael

vii

CITY MANAGER
City
Clerk
City
Attorney
Climate Action
Commission
Community
Development Block
Grant Committee
Cultural Engagement
Commission
Community Services
Commission
Planning
Commission
Navigation Center
Oversight
Commission

CITY OF BUENA PARK
Organizational Chart

Police Department

Community
Development

Community Services

Public Works

Finance
Assistant City Manager/
Director of Human
Resources
Traffic and
Transportation
Commission

Human Resources &
Risk Management
Government Finance Officers Association
Certificate of
Achievement
for Excellence
in Financial
Reporting
Presented to
City of Buena Park
California
For its Annual Comprehensive
Financial Report
For the Fiscal Year Ended
June 30, 2023
Executive Director/CEO
viii

FINANCIAL SECTION

Independent Auditor’s Report

The Honorable City Council
City of Buena Park, California

Report on the Financial Statements

Opinions
We have audited the accompanying financial statements of the go vernmental activities, business-type activities, each major fund, and the aggregate remaining fund information of the City of Buena Park (City), as of and for the year ended June 30, 2024, and the related not es to the financial statements, which collectively comprise the City’s basic financial statements as listed in the table of contents.

In our opinion, the financial statements referred to above present fairly, in all material respects, the financial position of the governmental activities, business-type activities, each major fund, and the aggregate remaining fund information of the City of Buena Park, as of June 30, 2024, and the respective changes in financial position, and, where applicable, cashflows thereof fo r the year then ended in accordance with accounting principles generally accepted in the United States of America.

Basis for Opinions
We conducted our audit in accordance with auditing standards generally accepted in the United States of America and the standards applicable to financial audits contai ned 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 me et our other ethical responsibilities, in accordance with the relevant ethical requirements relating to our audit. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinions.

Responsibilities of Management for the Financial Statements Management is responsible for the preparation and fair presenta tion 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 rel evant to the preparation and fair presentation of financial statements that are free from material misstatement, whether due to error or fraud.

In preparing the financial statements, management is required to evaluate whether there are conditions or events, considered in the aggregate, that raise substantial doubt about the City’s ability to continue as a going concern for twelve months beyond the financial statement date, including any currently known information that may raise substantial doubt shortly thereafter.

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 opinions. Reasonable assurance is a high level of assurance but is not absolute assurance and therefore is not a guarantee that an audit conducted in accordance with 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 skept icism throughout the audit.  Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, and design and perform audit procedures responsive to those risks. Such procedures include examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements.  Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the City’s internal control. Accordingly, no such opinion is expressed.  Evaluate the appropriateness of accounting policies used and the reasonableness of significant accounting estimates made by management, as well as evaluate the overall presentation of the financial statements.
 Conclude whether, in our judgment, there are conditions or eve nts, considered in the aggregate, that raise substantial doubt about the City’s ability to continue as a going concern for a reasonable period of time.

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

Required Supplementary Information
Accounting principles generally accepted in the United States of America require that the management’s discussion and analysis and other required supplementary information, as listed in the table of contents, be presented to supplement the basic financial statements. Such in formation is the responsibility of management and, although not a part of the basic financial statements, is required by the Governmental Accounting Standards Board who considers it to be an essential part of financial reporting for placing the basic financial statements in an appropriate operational, economic, or historical context. We have applied certain limited procedures to the required supplementary information in accordance with auditing standards generally accepted in the United States of America, which consisted of inquiries of management about the methods of preparing the information and comparing the information for consistency with management’s responses to our inquiries, the basic financial statements, and other knowledge we obtained during our audit of the basic financial statements. We do not express an opinion or provide any assurance on the information because the limited procedures do not provide us with sufficient evidence to express an opinion or provide any assurance.

2 Supplementary Information
Our audit was conducted for the purpose of forming opinions on the financial statements that collectively comprise the City’s basic financial statements. The accompanyin g combining statements and individual fund schedules, as listed in the table of contents, are presented for purposes of additional analysis and are not a required part of the basic financial statements. Such information is the responsibility of management and was derived from and relates directly to the underlying accounting and other records used to prepare the basic financial statements. The information has been subjected to the auditing procedures applied in the audit of the basic financial statements and certain additio nal procedures, including comparing and reconciling such information directly to the underlying accounting and other records used to prepare the basic financial statements or to the basic financial statements themselves, and other additional procedures in accordance with auditing standards generally accepted in the United States of America. In our opinion, the combining statements, as listed in the table of contents, are fairly stated, in all material respects, in relation to the basic financial statements as a whole.

Other Information
Management is responsible for the other information included in the annual report. The other information comprises the introductory and statistical sections but does no t include the basic financial statements and our auditor’s report thereon. Our opinions on the basic financial statements do not cover the other information, and we do not express an opinion or any form of assurance thereon.

In connection with our audit of the basic financial statements, our responsibility is to read the other information and consider whether a material inconsistency exist s between the other information and the basic financial statements, or the other information otherwise appears to be materially misstated. If, based on the work performed, we conclude that an uncorrected ma terial misstatement of the other information exists, we are required to describe it in our report.

Other Reporting Required by Government Auditing Standards

In accordance with Government Auditing Standards, we have also issued our report dated December 27, 2024, on our consideration of the City of Buena Park’s internal control over financial reporting and on our tests of its compliance with certain provisions of laws, regula tions, contracts, and grant agreements and other matters. The purpose of that report is to describe the s cope of our testing of internal control over financial reporting and compliance and the results of that test ing, and not to provide an opinion on the internal control over financial reporting or on compliance. That report is an integral part of an audit performed in accordance with Government Auditing Standards and should be considered in assessing the results of our audit.

December 27, 2024
3 CITY OF BUENA PARK

MANAGEMENT’S DISCUSSION AND ANALYSIS

June 30, 2024

See independent auditors’ report.

The following discussion and analysis of the financial performance of the City of Buena Park provides an overview of the City’s financial activities for the fiscal year ended June 30, 2024. We encourage readers to consider the information presented here in conjunction with additional information that we have furnished in our letter of transmittal, which can be found in this report's introductory section.

Financial Highlights

• The assets and deferred outflows of resources of the City exceeded its liabilities and deferred inflows of resources at the close of fiscal year 2023- 24 by $324,700,000. Assets and deferred outflows for governmental activities and business -type activities exceeded liabilities and deferred inflows by $267,709,000 and $56,991 ,000, respectively. The net position represents the difference between all of the City’s assets plus deferred outflows and liabilities plus deferred inflows, including infrastructure (roads, bridges, storm drains, sewers, traffic signals, and water system mains and lines) and other capital assets (buildings and improvements, vehicl es, furniture, and equipment). Infrastructure and capital assets represent the most considerable portion of the City's net position, $291,352,000. These assets are costly yet essential to the functioning of the City's business and residential populations. The restricted portion of net position is for resources earmarked for specific programs and therefore unavailable for general use. The unrestricted portion may be utilized for the City’s ongoing obligations to its citizens and creditors.

• Governmental activities net position has increased by $16,590,000 , and the business -type activities grew by $456,000. The change in net position in governmental and business -type activities is primarily due to increases in investment income, sales and use taxes, property taxes, and capital grants and contributions and offset by changes in pension costs and higher employee salaries. Sales and use taxes rose by 10% , while Investment income increased by 562% over the previous year. Investment income increased by $3,525,000 due to a combination of realized gains and unrealized fair market value gains. Increases in property tax revenues were directly linked to continued increases in the City’s assessed property valuation. The net position was affected by changes in actuarily determined pension costs which fluctuate every year due to a variety of factors. This year’s pension costs were affected by the fluctuating performance of the California Public Employees’ Retirement System ( CalPERS) investment portfolio in the prior year compared with the current year coupled with the r efinancing of the City’s Unfunded Accrued Liability (UAL). On August 17
th, 2021, the City issued $96,385,000 of
Pension Obligation Bonds bearing one of the lowest interest rates in California to address the UAL owed to CalPERS. It is anticipated that refinancing the pension obligation will help to reduce the City’s annual pension costs substantially.

• As of June 30, 2024, the City’s governmental funds reported combined ending fund balances of $140,153,000, an increase of $4,684,000 compared to the prior fiscal year. Approximately 36% of the fund balance, or $51,021,000, is unassigned and available for use at the government’s discretion.
4 CITY OF BUENA PARK

MANAGEMENT’S DISCUSSION AND ANALYSIS

June 30, 2024

See independent auditors’ report.

Using the Accompanying Financial Statements

This annual report consists of a series of financial statements. The Statement of Net Position and the Statement of Activities provide information about the activities of the City as a whole and present a longer-term view of the City’s finances. Also included in the accompanying report are fund financial statements. For governmental activities, the fund financial statements tell how these services are financed in the short term as well as what remains for future spending. Fund financial statements report the City’s operations in more detail than the government-wide statements by providing information about the City’s most significant funds.

Overview of the Financial Statements

The annual report consists of four parts – management’s discussion and analysis (this section), the basic financial statements, required supplementary information, and an optional section that presents combining statements for non-major governmental funds and internal service funds. The basic financial statements comprise three components:

• Government-wide financial statements. These statements provide both long -term and short-term information about the City’s overall financial status.
• Fund financial statements. These statements focus on individual parts of the City government, reporting the City’s operations in more detail than the government-wide statements. • The governmental funds' statements tell how general government services like public safety are financed in the short-term as well as what remains for future spending. • Proprietary fund statements offer short -term, and long-term financial information about the activity the City operates like a private business, i.e., the Water Enterprise Fund. • Notes to financial statements. - Explains some of the information in the financial statements and provides more detailed data.

The statements are followed by a section of required supplementary information that provides additional financial and budgetary information.

Figure A-1 summarizes the major features of the City’s financial statements, including the portion of the City government they cover and the types of information they contain. The remainder of this overview section of management’s discussion and analysis explains the structure and contents of each of the statements.

5 CITY OF BUENA PARK

MANAGEMENT’S DISCUSSION AND ANALYSIS

June 30, 2024

See independent auditors’ report.

Overview of the Financial Statements (Continued)

Figure A-1
Major Features of the City’s Government-wide and Fund Financial Statements

Fund Statements
Government-wide
Statements
Governmental Funds Proprietary Funds
Scope Entire City government
and the City’s
component units
The activities of the City
that are not proprietary
Activities the City
operates similar to
private businesses
Required
financial
statements
• Statement of net
position
• Statement of
activities
• Balance sheet
• Statement of
revenues,
expenditures and
changes in fund
balances

• Statement of net
position
• Statement of
revenues, expenses
and changes in net
position

• Statement of cash
flows
Accounting
basis and
measurement
focus
Accrual accounting and
economic resources
focus

Modified accrual
accounting and current
financial resources
focus
Accrual accounting and
economic resources
focus

Type of asset/
liability
information
All assets and liabilities,
both financial and
capital, and short-term
and long-term

Only assets expected
to be used up and
liabilities that come due
during the year or soon
thereafter; no capital
assets or long-term
debt included
All assets and liabilities,
both financial and
capital, and short-term
and long-term

Type of inflow/
outflow
information

All revenues and
expenses during year,
regardless of when
cash is received or paid

Revenues for which
cash is received during
or soon after the end of
the year; expenditures
when goods or services
have been received
and payment is due
during the year or soon
thereafter
All revenues and
expenses during the
year, regardless of when
cash is received or paid
6 CITY OF BUENA PARK

MANAGEMENT’S DISCUSSION AND ANALYSIS

June 30, 2024

See independent auditors’ report.

Reporting the City as a Whole

The accompanying government-wide financial statements include the Statement of Net Position and the Statement of Activities that present financial data for the City as a whole and are designed to provide readers with a broad overview of the City’s financial condition. These statements include all assets and liabilities using the accrual basis of accounting, which is similar to the accounting used by most private- sector companies. All of the current year’s revenues and expenses are taken into account regardless of when cash is received or paid.

These two statements report the City’s net position and changes in the net position. The City’s net position – the difference between assets and liabilities – is one way to measure the City’s financial health or financial position. Over time, increases and decreases in the City’s net position are one indicator of whether its financial health is improving or deteriorating. Other non -financial factors, however, should be considered, such as changes in the City’s property tax base and the condition of the City’s roads, to assess the overall health of the City.

In the Statement of Net Position and the Statement of Activities, we divide the City into two kinds of activities:

• Governmental activities – Most of the City’s basic services are reported in this category, such as general government, development, public protection, transportation, environmental, health, and leisure. Sales taxes, property taxes, state subventions, charges for services , and other revenues finance most of these activities.

• Business-type activity – The City charges a fee to customers to help it cover all or most of the cost of the services accounted for in the Water Enterprise Fund. Customers pay the majority of the cost for water utility services ; however, other governments and organizations sometimes subsidize certain water programs and capital projects with operating grants and contributions.

Reporting the City’s Major Funds

The fund financial statements provide detailed information about the City’s most significant funds – not the City as a whole. Some funds are required to be established by State law or by bond covenants.

However, City Council establishes many other funds to help it control and manage money for particular purposes or to show that it is meeting administrative responsibilities for utilizing certain taxes, grants, or other money. The City’s three fund types – governmental, proprietary, and fiduciary, utilize different accounting approaches.

7 CITY OF BUENA PARK

MANAGEMENT’S DISCUSSION AND ANALYSIS

June 30, 2024

See independent auditors’ report.

Reporting the City’s Major Funds (Continued)

• Governmental funds – Most of the City’s basic services are reported in governmental funds, which focus on near-term inflows and outflows of resources available for spending, as well as balances of resources available for expenditure at the end of the fiscal year. These funds are reported using the modified accrual basis of accounting, which measures cash and all other current financial assets that can readily be converted to cash. The governmental fund statements provide a detailed short- term view of the City’s general government operations and the basic services it provides.

Governmental fund information helps determine whether there are more or fewer financial resources that can be spent in the near future to finance the City’s programs. The relationship or differences between governmental activities (reported in the Statement of Net Position and the Statement of Activities) and governmental funds are described in a reconciliation following the fund financial statements.

The City maintains 17 individual governmental funds. Information is presented separately in the governmental fund balance sheet and in the governmental fund statement of revenues, expenditures, and changes in fund balances for the General Fund, the Housing Successor Special Revenue Fund, and the Park In-Lieu Fund which are considered to be major funds. Data from the remaining 14 funds are combined into a single, aggregated presentation. Individual fund data for each of these non-major governmental funds is provided in a combining statement elsewhere in this report.

• Proprietary funds – When the City charges customers for the services it provides – whether to outside customers or to other units of the City – these services are generally reported in proprietary funds. Proprietary funds are reported in the same way that all activities are reported in the Statement of Net Position and the Statement of Activities. In fact, the City’s enterprise fund (a component of proprietary funds) is the same as the business -type activities we report in the government -wide statements but provides more detail and additional information, such as cash flows, for proprietary funds. The City’s one enterprise fund, the Water Enterprise Fund, is considered to be a major fund of the City. The City uses internal service funds (the other component of proprietary funds) to account for its self -insurance, equipment replacement and maintenance, building maintenance, employee benefits, and information technology support. Because these services predominantly benefit governmental rather than business -type functions, they have been included with governmental activities in the government-wide financial statements.

• Fiduciary funds - When the City holds assets and acts as a custodian on behalf of another agency, this is reported as a fiduciary fund. Fiduciary funds are similar to governmental funds in that they are reported using the modified accrual basis of accounting. They differ from governmental funds in that they cannot be used to support the City's functions, and must be used only for those purposes required by that agency. The City has three fiduciary funds - the Successor Agency Fund, the CFD Mall Agency Fund, and the Buena Park Tourism Marketing District Fund. The Successor Agency Fund is a private- purpose trust fund used to account for the assets and liabilities of the former Redevelopment Agency. When the Redevelopment Agency was dissolved in 2012, a fund was

8 CITY OF BUENA PARK

MANAGEMENT’S DISCUSSION AND ANALYSIS

June 30, 2024

See independent auditors’ report.

Reporting the City’s Major Funds (Continued)

established to handle the remaining assets that were required to meet the long-term debts and other enforceable obligations of the former Redevelopment Agency. The CFD Mall Custodial Fund was established to hold investments for the debt service related to the mall development. Although the City acts as a fiscal agent for this trust fund and holds the reserve funds for future debt payments , the City has no debt service obligation. The Buena Park Tourism Marketing District was established to improve business conditions and the business environment for tourism businesses in Buena Park through the development and operation of a tourism marketing district and other initiatives. Fiduciary funds are presented separately and are not included in the government-wide financial statements as they do not support the City's programs.

GOVERNMENT-WIDE FINANCIAL ANALYSIS

Below is a summary of the City’s government-wide financial information (in thousands):

Total Governmental and Business-type Activities
Amount Percent
June 30, June 30, Increase Increase
2024 2023 (Decrease) (Decrease)

Assets $ 508,215 $ 482,352 $ 25,863 5.36% Liabilities (185,454) (183,424) (2,030) 1.11% Deferred Outflow of Resources 48,020 67,800 (19,780) (29.17%) Deferred Inflow of Resources (46,081) (59,074) 12,993 (21.99%)

Net Position $ 324,700 $ 307,654 $ 17,046 5.54%

Unrestricted net position $ (5,724) $ (12,355) $ 6,631 53.67%

Long-term debt $ 157,886 $ 162,578 $ (4,692) (2.89%)

Program revenues $ 50,396 $ 46,778 $ 3,618 7.73%

Taxes $ 81,064 $ 75,353 $ 5,711 7.58%

Other general revenues $ 4,867 $ 2,051 $ 2,816 137.30%

Expenses $ 119,282 $ 130,985 $ (11,703) (8.93%)

9 CITY OF BUENA PARK

MANAGEMENT’S DISCUSSION AND ANALYSIS

June 30, 2024

See independent auditors’ report.

GOVERNMENT-WIDE FINANCIAL ANALYSIS (CONTINUED)

As noted earlier, the net position is a useful indicator of a government’s financial position. A summary of the Statement of Net Position (in thousands) at June 30, 2024, and 2023 is as follows:

Governmental Activities:

Amount Percent
June 30, June 30,

Increase Increase
2024 2023 (Decrease) (Decrease)
Assets:

Current and other Assets $ 176,302 $ 163,152 $ 13,150 8.06% Capital Assets, net 255,858 248,278 7,580 3.05% Total Assets 432,160 411,430 20,730 5.04%

Deferred Outflows 46,738 66,194 (19,456) (29.39%)

Liabilities:

Current Liabilities 17,618 15,381 2,237 14.54% Noncurrent Liabilities 147,491 152,050 (4,559) (3.00%) Total Liabilities 165,109 167,431 (2,322) (1.39%)

Deferred Inflows 46,081 59,074 (12,993) (21.99%)

Net Position:

Net Investment in
Capital Assets 246,906 239,675 7,231 3.02% Restricted 52,303 49,291 3,012 6.11% Unrestricted (31,500) (37,847) 6,347 16.77%

Total Net Position $ 267,709 $ 251,119 $ 16,590 6.61%

10 CITY OF BUENA PARK

MANAGEMENT’S DISCUSSION AND ANALYSIS

June 30, 2024

See independent auditors’ report.

GOVERNMENT-WIDE FINANCIAL ANALYSIS (CONTINUED)

Business-type Activities:

Amount Percent
June 30, June 30, Increase Increase
2024 2023 (Decrease) (Decrease)
Assets:

Current and other Assets $ 40,561 $ 35,294 $ 5,267 14.92% Capital Assets, net 35,494 35,628 (134) (0.38%) Total Assets 76,055 70,922 5,133 7.24%

Deferred Outflows 1,281 1,606 (325) (20.24%)

Liabilities:

Current Liabilities 9,950 5,465 4,485 82.07% Noncurrent Liabilities 10,395 10,528 (133) (1.26%) Total Liabilities 20,345 15,993 4,352 27.21%

Deferred Inflows - - - N/A

Net Position:

Net Investment in
Capital Assets 31,215 31,043 172 0.55% Unrestricted 25,776 25,492 284 1.11%

Total Net Position $ 56,991 $ 56,535 $ 456 0.81%

The largest portion of the City’s assets reflects its investment in capital assets (i.e., land, buildings, machinery, equipment, and infrastructure) less any related debt utilized to acquire those assets that are still outstanding. The City uses these capital assets to provide services to its citizens; consequently, these assets are not available for future expenditure. Although the City’s investment in its capital assets is reported net of related debt, the resources needed to repay this debt must be provided from other sources since capital assets themselves cannot be used to liquidate these liabilities.

An additional portion of the City’s resources, $52,303,000 for governmental activities, are subject to external (legally imposed or statutory) restrictions on how they may be used. This amount represents 20% of the net position for governmental activities. The unrestricted portion ($31,500,000) for governmental activities and $25,776,000 for business-type activities are the resources that can be used to finance day -to-day operations without constraints. The unrestricted net position represents (12%) and 45% of the net position for governmental and business-type activities, respectively. 11 CITY OF BUENA PARK

MANAGEMENT’S DISCUSSION AND ANALYSIS

June 30, 2024

See independent auditors’ report.

GOVERNMENT-WIDE FINANCIAL ANALYSIS (CONTINUED)

For governmental and business-type activities, the net position increased by $17,046,000. The changes in net position in governmental and business-type activities are primarily due to increases in investment income, sales and use taxes, property taxes , capital grants and contributions offset by fluctuations in pension costs and increases in employee salaries. Investment income for governmental and business- type activities increased by $3,525,000 over the prior fiscal year and is due to increased return on investments and an increase to the fair market value of city held investments. Sales and use taxes increased by 10% over the prior year compared to a 5% increase last year. Property taxes increased steadily in conjunction with County assessed property values . Capital grants and contributions increased by 44% primarily due to an increase in state grants associated with the Whitaker School Park Improvement Project.

Expenses in the governmental activities decreased by $14,080,000 or 12%, primarily due to fluctuations in pension costs, offset by increases in employee salaries and benefits. The reporting of pension costs is attributable to the GASB Statement No. 68 requirement to record the current year change of liability, deferred inflows, and deferred outflows of pension resources. (Refer to note 8 of the financial statements). The pension liability is the present value estimate of future benefits and can fluctuate up and down based on market conditions and actuarial valuations. Retirement benefits remain the largest liability for most municipalities, but it is important to note that the payment of this liability extends over decades.

The City of Buena Park provides pension benefits to all qualified employees through pension plans administered by the California Public Employees' Retirement System (CalPERS). The City currently has three tiers of pension plans based on the date of hire. Many of the City's current employees are on the most costly tier. The City's retirement plans available to new employees are less costly and will significantly reduce the pension liability over a period of many years. On August 17 th, 2021, the City
issued $96,385,000 of Pension Obligation Bonds to pay the Unfunded Accrued Liability (UAL) owed to CALPERS. It is anticipated that refinancing these pension obligations will greatly reduce the City’s pension costs in the form of future annual debt service payments year over year. Another significant factor in the change in net position is the implementation of GASB 75, which records a liability for other post-employment benefits (OPEB).

In governmental and business-type activities, the r estricted net position increased by $3,012,000 to $52,303,000. These assets are committed for special programs or projects, and for contractor and vendor obligations. Unrestricted net position increased by $6, 631,000, from ($12,355,000) to ($5,724,000). The total net position as of June 30, 2024, is $324,700,000.

12 CITY OF BUENA PARK

MANAGEMENT’S DISCUSSION AND ANALYSIS

June 30, 2024

See independent auditors’ report.

GOVERNMENT-WIDE FINANCIAL ANALYSIS (CONTINUED)

Total government-wide revenue for governmental and business -type activities is $ 136,328,000 in FY 2023-24, an increase of $12,145,000, or 10%, compared to $124,183,000 in the prior year. Program revenue is $50,396,000, or 37 %, of the total revenue, which represents charges for services , grants, and contribution revenues. General revenue is the remaining $85,932,000, or 63%, which is primarily comprised of various tax revenues.

Charges for
services

24.8%
Sales and use taxes

28.6%
Other taxes and
revenue

23.2%
Property taxes

11.3%
Operating grants
and contributions

4.6%
Capital grants and
contributions

7.6%
Government-Wide Revenues
13 CITY OF BUENA PARK

MANAGEMENT’S DISCUSSION AND ANALYSIS

June 30, 2024

See independent auditors’ report.

GOVERNMENT-WIDE FINANCIAL ANALYSIS (CONTINUED)

Total government-wide expenses for governmental and business-type activities is $119,282,000 in FY 2023-24, a decrease of $11,703,000, or 9%, compared to $ 130,985,000 in the prior year. Consistent with the past years, the public protection expenses are the largest expense for the City, which is $49,632,000, or 42%, of the total expenses. The water utility cost is the second largest expense, which represents $20,340,000, or 17%, of the total expenses.

Public protection

41.6%
Water

17.1%
Transportation

9.8%
General
government

11.4%Development

4.0%
Leisure

4.3%
Environmental

3.7%
Health

6.5%
Interest

1.7%
Government-Wide Expenses
14 CITY OF BUENA PARK

MANAGEMENT’S DISCUSSION AND ANALYSIS

June 30, 2024

See independent auditors’ report.

GOVERNMENT-WIDE FINANCIAL ANALYSIS (CONTINUED)

Change in net position of Governmental Activities (in thousands) is as follows:

Amount Percent
June 30, June 30, Increase Increase
2024 2023 (Decrease) (Decrease)
Revenues:

Program Revenues:

Charges for services $ 14,149 $ 14,130 $ 19 0.13% Operating grants and contributions 6,223 6,588 (365) (5.54%) Capital grants and contributions 10,339 7,164 3,175 44.32% Total Program Revenues 30,711 27,882 2,829 10.15%

General Revenues:

Property taxes 15,404 14,778 626 4.24% Sales and use taxes 38,939 35,466 3,473 9.79% Transient occupancy taxes 7,835 7,481 354 4.73% Franchise taxes 2,110 2,328 (218) (9.36%) Other taxes 16,777 15,300 1,477 9.65% Investment income 2,808 347 2,461 709.22% Other Revenue 715 1,425 (710) (49.82%) Total General Revenues 84,588 77,125 7,463 9.68% Total Revenues 115,299 105,007 10,292 9.80%

Expenses:

General government 13,621 11,457 2,164 18.89% Leisure 5,120 4,593 527 11.47% Health 7,720 6,456 1,264 19.58% Transportation 11,737 11,554 183 1.58% Public Protection 49,633 69,641 (20,008) (28.73%) Development 4,752 3,720 1,032 27.74% Environmental 4,361 3,894 467 11.99% Interest expense 1,998 1,706 292 17.12% Total Expenses 98,942 113,022 (14,080) (12.46%)

Increase in Net Position before
before transfers 16,357 (8,015) 24,372 304.08%

Transfers 233 193 40 20.73% Extraordinary Item - - - Change in Net Position 16,590 (7,822) 24,412 312.09%

Net Position - Beginning of Year 251,119 258,941 (7,822) (3.02%)

Net Position - End of Year $ 267,709 $ 251,119 $ 16,590 6.61%

15 CITY OF BUENA PARK

MANAGEMENT’S DISCUSSION AND ANALYSIS

June 30, 2024

See independent auditors’ report.

GOVERNMENT-WIDE FINANCIAL ANALYSIS (CONTINUED)

The cost of all governmental activities for fiscal year 2023-24 is $98,942,000. However, as reported in the Statement of Activities, the amount that the taxpayers ultimately financed for these activities is $68,231,000. S ome of the cost is borne by those who directly benefited from the programs ($14,149,000), or by other governments and organizations that subsidized certain programs with operating grants and contributions ($6,223,000), or with capital grants and contributions ($10,339,000).

The City’s governmental program revenues are $30,711,000. The City paid for the remaining “public benefit” portion of governmental activities with $81,065,000 in taxes and general revenue (some of which could only be used for certain programs), and $3,523,000 in other revenues, such as interest and general entitlements.

Total resources available during the year to finance governmental operations is $ 366,651,000, consisting of net position at July 1, 2023 of $251,119,000, program revenues of $30,711,000, general revenues of $84,588,000, and transfers of $233,000. Total expenses for governmental activities during the year are $98,942,000 thus creating a net position of $267,709,000 as of June 30, 2024.

Program revenues increased by $2,829,000, a change of (10%) from the prior year. The increase is mostly due to state grants committed to fund the construction of park improvement projects.

Total general revenues increased by $7,463,000, a change of 10 % from the previous year. This is primarily due to increases in sales and use taxes , property taxes, and investment income. Sales and use taxes increased by $3,473,000 or 10% over the previous year . Property taxes increased by $626,000 or 4% compared to last year. Investment income increased by $2,461,000, or 709% due to realized returns on investments and the unrealized annual fair market value adjustment recorded for the City’s investment portfolio.

Total governmental expenses decreased by $14,080,000, a change of 12% from the previous year .

This decrease is mainly due to changes in pension costs and employee salaries.

16 CITY OF BUENA PARK

MANAGEMENT’S DISCUSSION AND ANALYSIS

June 30, 2024

See independent auditors’ report.

GOVERNMENT-WIDE FINANCIAL ANALYSIS (CONTINUED)

Change in net position of Business-type Activities (in thousands) is as follows:

Amount Percent
June 30, June 30, Increase Increase
2024 2023 (Decrease) (Decrease)
Revenues:

Program Revenues:

Charges for services $ 19,229 $ 18,896 $ 333 1.76% Operating grants & contributions 456 - $ 456 N/A Total Program Revenues 19,685 18,896 789 4.18%

General Revenues:

Investment income 1,344 280 1,064 380.00% Total General Revenues 1,344 280 1,064 380.00%

Total Revenues 21,029 19,176 1,853 9.66%

Expenses:

Water utility 20,340 17,963 2,377 13.23% Total Expenses 20,340 17,963 2,377 13.23%

Increase in Net Position
before transfers 689 1,213 (524) (43.20%)

Transfers (233) (193) (40) (20.73%)

Change in Net Position 456 1,020 (564) (55.29%)

Net Position - Beginning of
Year - As Restated 56,535 55,515 1,020 1.84%

Net Position - End of Year $ 56,991 $ 56,535 $ 456 0.81%

17 CITY OF BUENA PARK

MANAGEMENT’S DISCUSSION AND ANALYSIS

June 30, 2024

See independent auditors’ report.

GOVERNMENT-WIDE FINANCIAL ANALYSIS (CONTINUED)

The cost of all proprietary (business -type) activities in 2023- 24 w as $ 20,340,000. As shown in the Statement of Activities and Changes in Net Position, the amount paid by users of the system is $19,229,000, operating grants and contributions were $456,000, investment income totaled $1,344,000, and transfers out are $233,000. The beginning net position was $56,535,000 and the ending net position was $56,991,000. Of the ending net position, $31,215,000, or 55%, was invested in capital assets, and $25,776,000, or 45%, was unrestricted.

Total water revenues increased by $1,853,000, a 10% change from the prior fiscal year. The change in water revenues is primarily due to an increase in investment income of $1, 064,000, or 380%, and the addition of state water grant funds that are being used to fund a new water well in the City.

Water utility costs increased by $2,377,000, or 13%, due to a combination of factors . These factors include an increase in salaries and benefits, changes in pension costs, and an increase in the wholesale cost to provide water to the public. The increase in the wholesale cost of water is due to a $1,096,000 increase in the cost of water pumped from the ground and a corresponding $311,000 decrease in the cost of water purchased from the Metropolitan Water District. Water utility costs include all the costs to provide water to the public. These costs include labor, materials and supplies, water production, and water distribution charges. There are two water production methods : Pumping water from the ground and purchasing water from the Metropolitan Water District. Pumping water is 40% cheaper than purchasing water. However, there are restrictions that limit the amount of water that can be pumped.

These restrictions consider various factors , including water demand, drought, rainfall, levels of groundwater, and conservation demands.

Net interfund transfers are $233,000. Of that amount, $72,000 is transferred to the General Fund for rent payment for City-owned well sites, $52,000 to the Public Liability Fund for the Water Fund's portion of liability insurance, $40,000 to fund capital improvement projects, and $69,000 to the Public Liability Fund for the Water Fund’s portion of the earthquake insurance . Business type activities for the 2023- 24 fiscal year increased net position by $456,000.

18 CITY OF BUENA PARK

MANAGEMENT’S DISCUSSION AND ANALYSIS

June 30, 2024

See independent auditors’ report.

Financial Analysis of the City’s Governmental Funds

Below is an analysis of the City’s governmental fund activities for the year (in thousands):

Amount Percent
June 30, June 30, Increase Increase
2024 2023 (Decrease) (Decrease)
Total Fund Balances:

General Fund $ 94,573 $ 87,632 $ 6,941 7.92% Housing Successor Fund 26,227 25,911 316 1.22% Park In-Lieu Fund (2,410) 3,110 (5,520) (177.49%) Other Governmental Funds 21,762 18,816 2,946 15.66%

Total Fund Balances $ 140,153 $ 135,469 $ 4,684 3.46%

At the close of the current fiscal year, the City’s governmental fund balances reported a combined ending balance of $140,153,000, an increase of $4,684,000 compared to the prior year.

The General Fund's fund balance is $94,573,000, an increase of $ 6,941,000 from the previous year.

The increase in General Fund balances is primarily due to increases in taxes, investment income, charges for services, and fines and forfeitures offset by increases in salaries and benefits, and capital outlay. The Housing Successor fund increased by $316,000 mostly due to increases in investment income and changes in deferred loans receivable. The purpose of these deferred loans is to provide funding for developers to provide low- and moderate-income housing to the population of Buena Park.

Other Governmental Funds increased by $2,946,000, or 16% , from the previous year primarily due to an increase in investment income, the addition of State Opioid Settlement Funds and several capital projects that are pending completion. The balance in the State Gas tax Fund, and the Measure M2 Fund will vary from year to year , depending on the costs incurred at various stages of different street projects. The Park in-lieu fund balance decreased by $5,520,000, or 177%, due to the completion and final payment for the construction and improvement of various City park projects. The Whitaker School Park project was partially funded by a large state grant that will reimburse the Park In-lieu Fund in FY 2025.

Other Governmental Funds consist of multiple funds; the largest fund balances derive from the Measure M2 Fund, the Housing and Community Development Fund, the CalHOME Loans Fund, and the HOME Loans Fund. Measure M2 funds are derived from a portion of sales tax and distributed by the Orange County Transportation Aut hority for street projects and improvements. The Housing and Community Development Fund is supported by the federal Community Development Block Grant (CDBG), assists community programs, and issues home improvement loans and grants to qualified homeowners. The HOME and CalHOME Loan Funds are federal and state funded program s t hat assist first -time homebuyers and provide home improvement loans to current qualified homeowners. 19 CITY OF BUENA PARK

MANAGEMENT’S DISCUSSION AND ANALYSIS

June 30, 2024

See independent auditors’ report.

Financial Analysis of the City’s Governmental Funds (CONTINUED)

Spending for the Housing and Community Development "grant driven," so these funds must be spent first before being reimbursed by the granting agency . Measure M2 and Park -in-lieu cannot spend in excess of the revenues they collect, so spending will vary from year to year.

Financial Analysis of the City’s Proprietary Funds

Below is an analysis of the net position of the City’s proprietary funds (in thousands):

Amount Percent
June 30, June 30, Increase Increase
2024 2023 (Decrease) (Decrease)
Total Net Position:

Water Fund $ 56,991 $ 56,535 $ 456 0.81% Internal Service Funds 12,409 8,576 3,833 44.69%

Total Net Position $ 69,400 $ 65,111 $ 4,289 6.59%

Amount Percent
June 30, June 30, Increase Increase
2024 2023 (Decrease) (Decrease)
Unrestricted Net Position:

Water Fund $ 25,776 $ 25,492 $ 284 1.11% Internal Service Funds 9,217 6,729 2,488 36.97%

Total Unrestricted Net Position $ 34,993 $ 32,221 $ 2,772 8.60%

The total net position of the Water Enterprise Fund increased $456,000, and the unrestricted portion increased by $284,000.

The function of the Internal Service Funds is to provide services to other City departments. These services include the following: equipment /vehicle maintenance and replacement, worker’s compensation, public liability, employee benefits, building and grounds maintenance, and information technology support. The Internal Service Funds total net position increased by $3,833,000, or 45%, and the unrestricted portion increased by $2,488,000, or 37%. The increase in net position is primarily due to transfers-in from the General Fund to assist with deficits in the Workers’ Compensation and Public Liability Funds.

20 CITY OF BUENA PARK

MANAGEMENT’S DISCUSSION AND ANALYSIS

June 30, 2024

See independent auditors’ report.

Debt Administration

Below is a schedule of the changes to the City’s long- term debt (in thousands). Additional information on the City’s long-term debt is disclosed in note 6 of the financial statements.

As of June 30, 2024, the City’s total debt decreased by $3,987,000.

Balance at Balance at
June 30, June 30,
2023 Additions Deletions 2024
Governmental Activities:

Claims payable $ 6,084 $ 1,706 $ (913) $ 6,877 Employee leave benefits 3,262 230 - 3,492 Net OPEB Liability 4,902 - (899) 4,003 Net Pension Liability 48,861 667 - 49,528 2021 Pension Obligation Bonds 87,366 - (4,664) 82,702 PFA-2017 Lease Revenue Bonds 8,200 - (445) 7,755 Original Issuance Premium 351 - (25) 326 Software Subscription Liability 52 697 (208) 541

Total Governmental
Activities 159,078 3,300 (7,154) 155,224

Business-type Activities:

Loans payable 4,585 - (306) 4,279 Net Pension Liability 2,470 367 - 2,837 2021 Pension Obligation Bonds 3,864 - (206) 3,658 Employee leave benefits 210 12 - 222

Total Business-type Activities 11,129 379 (512) 10,996

Total Long-Term Obligations $170,207 $ 3,679 $ (7,666) $166,220

21 CITY OF BUENA PARK

MANAGEMENT’S DISCUSSION AND ANALYSIS

June 30, 2024

See independent auditors’ report.

Capital Assets

The capital assets of the City are the assets having a historic al cost of more than $1,000 and a useful life of greater than two years that are used in the performance of the City’s functions, including infrastructure assets. The City has elected to use the “Basic Approach” as defined by GASB Statement No. 34 for infrastructure reporting. The following infrastructure networks are recorded as capital assets in the government-wide financial statements:

• Road system, which includes street and alley rights -of-way, pavement, alleys, medians, curbs, gutters, sidewalks, traffic signals, interconnect cables, and bridges. • Storm drain system, which includes storm drain lines and storm drain catch basins. • Sewer system, which includes sewer lines.
• Water system, which includes water lines, water wells, and booster pump stations.

Below is a schedule of the City’s capital assets, net of accumulated depreciation (in thousands):

Amount Percent
June 30, June 30, Increase Increase
2024 2023 (Decrease) (Decrease)
Governmental Activities:

Rights-of-Way $ 48,894 $ 48,894 $ - 0.00% Land 14,363 14,363 - 0.00% Construction in progress 7,719 2,276 5,443 239.15% Buildings 80,138 82,303 (2,165) (2.63%) Improvements 22,254 20,373 1,881 9.23% Machinery and equipment 8,984 8,221 763 9.28% Furniture and fixtures 882 998 (116) (11.62%) Infrastructure:

Road system 68,452 67,395 1,057 1.57% Storm drain system 3,598 3,365 233 6.92% Right-to-Use Subscription Asset 574 90 484 537.78%

Total Governmental Activities 255,858 248,278 7,580 3.05%

22 CITY OF BUENA PARK

MANAGEMENT’S DISCUSSION AND ANALYSIS

June 30, 2024

See independent auditors’ report.

Capital Assets (Continued)

Amount Percent
June 30, June 30, Increase Increase
2024 2023 (Decrease) (Decrease)
Business-type Activities:

Land $ 2 $ 2 $ - 0.00% Construction in progress 610 1,402 (792) (56.49%) Buildings 33 35 (2) (5.71%) Improvements 2,029 2,171 (142) (6.54%) Pumps and reservoirs 6,586 6,953 (367) (5.28%) Hydrants, meters and connections 5,978 6,289 (311) (4.95%) Machinery and equipment 409 364 45 12.36% Infrastructure:

Wells 3,031 2,633 398 15.12% Water and sewer lines 16,816 15,777 1,039 6.59%

Total Business type Activities 35,494 35,627 (133) (0.37%)

Total Capital Assets $ 291,352 $ 283,905 $ 7,447 2.62%

Capital assets from governmental activities increased by $7, 580,000, or 3% , and business -type activities decreased by $ 133,000, or 0.4% . The primary reason for the increase in governmental activities is due to capitalization of park improvements, construction-in-progress, and streets and roads projects, offset by depreciation of the City’s infrastructure and capital assets . Increases in business- type activities are attributable to increases in construction-in-progress, and maintenance of water and sewer lines. Further information on the City’s capital assets can be found in note 5 of the financial statements.

Capital asset and infrastructure projects completed in 2023 -24 totaled $8, 465,000. These improvements include:

• Annual Pavement Rehabilitation
• City Hall HVAC Upgrade
• Pickleball Court Construction
• Traffic Signal Improvements
• Cerritos Ave Frontage Road Rehabilitation
• Orangethorpe Ave Rehabilitation
• Caballero Ave Rehabilitation – Valley to Regio
• Ehlers Lighting Improvement
23 CITY OF BUENA PARK

MANAGEMENT’S DISCUSSION AND ANALYSIS

June 30, 2024

See independent auditors’ report.

Capital Assets (Continued)

• Silverado Trail
• City-Wide Communication Modernization Program
• Beach & Malvern Water Main Line
• Sewer Lining
• Knott Ave Sewer Upsizing
• Brenner/Melrose Sewer Upsizing

General Fund Budgetary Highlights

Actual General Fund revenues are $10,958,000 higher than the $89,419,000 budgeted for 2023-24 due to increases in sales and use taxes , property taxes, other taxes, investment income and charges for services.

Actual expenditures for the General Fund are $5,850,000 lower than the $91,695 ,000 budgeted for 2023-24. Budget savings are primarily due to capital project encumbrances that were not fully expended and will be carried for ward into 2024- 25. Also, a contributing factor is savings from unfilled vacant positions and turnover savings in some departments. The City fully budgets for salaries associated with vacancies and when these positions go unfilled, there are turnover savings

There were $1,222,000 savings in general government, $875, 000 savings in public protection, $1,296,000 savings in community development services, $1,754,000 savings in capital outlay, $447,000 in Health Services, and $762,000 savings in transportation expenditures. When comparing the fiscal year 2023-24 General Fund original budget expenditures and transfers in the amount of $86,509,000 to the final budgeted amount of $91,695, 000, the difference is a net increase of $5,186,000 . The net increase from the total original budgeted expenditures to the final budget primarily comprises the following appropriation adjustments:

• Appropriations of $258,000 for general government
• Appropriations of $11,000 for leisure
• Appropriations of $115,000 for transportation
• Appropriations of $549,000 for public protection
• Appropriations of $1,191,000 for development
• Appropriations of $56,000 for environmental
• Appropriations of $7,000 for health
• Appropriations of $2,983,000 for capital outlay
• Appropriations of $16,000 for debt service

The changes between the original and the amended budget are primarily due to the carryover of encumbrances from the prior fiscal year and additional appropriations for projects approved by the City Council during the fiscal year.
24 CITY OF BUENA PARK

MANAGEMENT’S DISCUSSION AND ANALYSIS

June 30, 2024

See independent auditors’ report.

Economic Factors and Next Year’s Budgets and Rates

The key assumptions in the General Fund forecast for fiscal year 2024-25 are:

• Moderately positive economic conditions
• Positive but tapering Sales Tax revenues
• Continuing steady Property Tax revenues
• Moderate increases in Transient Occupancy Tax revenues • Increasing development and construction activity

Contacting the City’s Financial Management

This financial report is designed to provide our citizens, taxpayers, customers, and creditors with a general overview of the City’s finances and to show the City’s accountability for the money it receives.

If you have questions about this report, separate reports of the City’s component units , or need additional financial information, contact the Director of Finance’s Office, at City of Buena Park, 6650 Beach Boulevard, Buena Park, California 90622.
25 BASIC FINANCIAL STATEMENTS
City of Buena Park
Statement of Net Position
June 30, 2024
Governmental Business-type
Activities Activities Total
ASSETS
Cash and Investments 91,152,937 $ 36,414,186 $ 127,567,123 $ Receivables:

Accounts 9,801,432 3,253,834 13,055,266 Interest Receivable 2,090,462 235,733 2,326,195 Taxes Receivable 145,870 - 145,870 Loans Receivable, net 26,452,914 - 26, 452,914 Due From Other Governments 8,978,538 - 8,978,538 Prepaid Items 157,665 23,020 180,685 Inventory 74,952 - 74,952 Lease Receivable 1,561,885 - 1,561,885 Property Held for Resale 28,017,905 - 28, 017,905 Restricted Cash and Investments 7,867,700 633,874 8,501,574 Capital Assets, Not Being Depreciated: 70,976,685 612,518 71,589,203 Capital Assets, Net of Accumulated Deprecation: 184,881,442 34,881,623 219,763,065 Total Assets 432,160,387 76,054,788 508,215,175

DEFERRED OUTFLOWS OF RESOURCES
OPEB Related Items 1, 211,356 - 1,211,356 Pension Related Items 45,527,099 1,281,151 46,808,250 Total Deferred Outflows of Resources 46,738,455 1,281,151 48,019,606

LIABILITIES
Accounts Payable 4,885,446 4,321,024 9,206,470 Accrued Liabilities 4, 765,871 94,980 4,860,851 Interest Payaable 48,100 48,100 Deposits Payable 140,617 389,187 529,804 Unearned Revenue 44,751 4,543,826 4,588,577 Noncurrent Liabilities:

Due Within One Year 7,733,408 601,027 8,334,435 D
ue in More Than One Year 147,491,058 10,394,968 157,886,026 Total Liabilities 165,109,251 20,345,012 185,454,263

DEFERRED INFLOWS OF RESOURCES
Lease Related 1,561,885 - 1,561,885 OPEB Related Items 814,595 - 814,595 Pension Related Items 43,704,270 - 43, 704,270 Total Deferred Inflows of Resources 46,080,750 - 46, 080,750

NET POSITION
Net Investment in Capital Assets 246,906,052 31,215,177 278,121,229 Restricted for:

Residential Housing 37,166,851 - 37, 166,851 Transportation 11,177,441 - 11, 177,441 Development 374,752 - 374,752 Environment 382,638 - 382,638 Pension 2,228,096 - 2,228,096 Public Protection 973,046 - 973,046 Unrestricted (31,500,035) 25,775,750 (5,724,285) Total Net Position 267,708,841$ 56,990,927$ 324,699,768$ The accompanying notes are an integral part of this statement. 26 City of Buena Park
Statement of Activities
Year Ended June 30, 2024
Charges Operating Capital
for Grants and Grants and
Functions/Programs Expenses Services Contributions Contributions Total Primary Government:

Governmental Activities:

General Government 13,621,251$ 737,934$ (2,277,988)$ -$ (1,540,054)$ Leisure 5,120,329 1,689,713 438,291 (106,129) 2,021,875 Health 7,720,025 4,747,692 18,590 84,242 4,850,524 Transportation 11,736,907 140,513 400,517 9,390,870 9,931,900 Public Protection 49,632,462 3,715,466 1,100,679 4,955 4,821,100 Development 4,752,074 2,893,858 6,543,102 965,586 10,402,546 Environmental 4,360,431 223,391 - - 223,391 Interest on Long-Term Debt 1,998,133 - - - - Total Governmental Activities 98,941,612 14,148,567 6,223,191 10,339,524 30,711,282 Business-type Activities:

Water 20,340,179 19,228,782 456,174 - 19,684,956 Total Business-type Activities 20,340,179 19,228,782 456,174 - 19,684,956 Total Primary Government 119,281,791$ 33,377,349$ 6,679,365$ 10,339,524$ 50,396,238$ General Revenues:

Taxes:

Property Taxes
Sales Taxes
Franchise Taxes
Transient Occupancy Taxes
Business License Tax
Utility Users Taxes
Motor Vehicle in-lieu
Miscellaneous Revenues
Investment Income
Transfers In/(Out)
Total General Revenues and Transfers
Change in Net Position
Net Position - Beginning
Net Position - Ending
Program Revenue
s
The accompanying notes are an integral part of this statement. 27 Governmental Business-type
Activities Activities Total
(15,161,305)$ -$ (15,161,305)$
(3,098,454) - (3,098,454)
(2,869,501) - (2,869,501)
(1,805,007) - (1,805,007)
(44,811,362) - (44,811,362)
5,650,472 - 5,650,472
(4,137,040) - (4,137,040)
(1,998,133) - (1,998,133)
(68,230,330) - (68,230,330)
- (655,223) (655,223)
- (655,223) (655,223)
(68,230,330) (655,223) (68,885,553)
15,403,750 - 15,403,750
38,938,750 - 38,938,750
2,110,222 - 2,110,222
7,834,988 - 7,834,988
1,317,256 - 1,317,256
4,442,986 - 4,442,986
11,016,301 - 11,016,301
715,137 - 715,137
2,807,791 1,344,268 4,152,059
232,803 (232,803) -
84,819,984 1,111,465 85,931,449
16,589,654 456,242 17,045,896
251,119,187 56,534,685 307,653,872
267,708,841$
56,990,927$ 324,699,768$
Net (Expense) Revenue andChanges in Net Position
28 City of Buena Park
Balance Sheet
Governmental Funds
June 30, 2024
Special Capital
Revenue Projects Other
Housing Park Governmental
General Successor In-Lieu Funds Total
ASSETS
Cash and Investments 55,186,304$ 2,878,667$ -$ 16,060,805$ 74,125,776$ Restricted Cash 7,760,589 - 107,111 - 7,867,700 Receivables:

Accounts 6,569,701 - 2,784,343 424,097 9,778,141 Interest Receivable 343,009 20,266 20,579 1,618,310 2,002,164 Taxes Receivable 145,870 - - 145,870 Loans Receivable, net 317,758 19,732,350 - 6,386,566 26,436,674 Due from Other Governments 8,074,385 - - 904,153 8,978,538 Due from Other Funds 1,958,529 - - - 1,958,529 Prepaid Items 38,432 - - - 38,432 Inventory 74,952 - - - 74,952 Lease Receivable 1,561,885 - - - 1,561,885 Property Held for Resale 24,416,185 3,601,720 - - 28,017,905 Total Assets 106,447,599$ 26,233,003$ 2,912,033$ 25,393,931$ 160,986,566$

LIABILITIES
Accounts Payable 2,335,923$ 891$ 1,061,847$ 1,034,648$ 4,433,309$ Accrued Liabilities 4,681,114 5,376 - 47,136 4,733,626 Deposits Payable 10,150 - - 130,467 140,617 Unearned Revenue 44,751 - - - 44,751 Due to Other Funds - - 1,475,434 483,095 1,958,529 Total Liabilities 7,071,938 6,267 2,537,281 1,695,346 11,310,832

DEFERRED INFLOWS OF RESOURCES
Lease Related 1,561,885 - - - 1,561,885 Unavailable Revenue 3,240,413 - 2,784,343 1,936,562 7,961,318 Total Deferred Inflows of Resources 4,802,298 - 2,784,343 1,936,562 9,523,203

FUND BALANCE (DEFICITS)
Nonspendable 24,529,569 - - - 24,529,569 Restricted 7,760,589 26,226,736 - 22,086,088 56,073,413 Committed - - - - - Assigned 8,528,226 - - - 8,528,226 Unassigned 53,754,979 (2,409,591) (324,065) 51,021,323 Total Fund Balances (Deficits) 94,573,363 26,226,736 (2,409,591) 21,762,023 140,152,531 Total Liabilities, Deferred Inflows
and Fund Balances (Deficits) 106,447,599$ 26,233,003$ 2,912,033$ 25,393,931$ 160,986,566$ The accompanying notes are an integral part of this statement. 29 Fund balances of governmental funds 140,152,531$
Amounts reported for governmental activities in the Statement of Net Position are different because:

Capital assets used in governmental activities are not financial resources and, therefore, are not reported in the funds.

Capital Assets 379,331,874
Accumulated Depreciation (126,666,697) 252,665,177
Other long-term assets are not available to pay for current period expenditures and, therefore, are reported as unavailable revenues in the funds. 7,961,318
Interest Payable on long-term debt did not require current financial resources. Therefore, interest payable was not reported as a liabiltiy in the funds. (48,100)
Long term liabilities are not due and payable in the current period and are not reported in the funds.

Employee Leave Benefits (3,414,314)
Software Subscription Liability (542,100)
2017 Lease Revenue Bonds (7,755,000)
Premium on Bonds (325,227)
2021 Pension Obligation Bonds (82,702,299)
Net Pension Liability (48,401,234)
Net OPEB Liability (4,002,462)
Amounts for deferred inflows and deferred outflows related to the City's Net Pension Liability are not reported in the funds.

Deferred Outflows Related to Pensions 45,018,564
Deferred Inflows Related to Pensions (43,704,270)
Deferred Outflows Related to OPEB 1,211,356
Deferred Inflows Related to OPEB (814,595)
Internal service funds are used by management to charge the costs of certain activities, such as equipment management, to individual funds.

The assets and liabilities of the internal service funds must be added to the statement of net position. 12,409,496
Net position of governmental activities 267,708,841$
City of Buena Park
Reconciliation of the Balance Sheet of Governmental Funds to the Statement of Net Position
June 30, 2024
The accompanying notes are an integral part of this statement. 30 Special Capital
Revenue Projects Other
Housing Park Governmental
General Successor In-Lieu Funds Total

REVENUES
Taxes 80,585,406 $ - $ - $ 478,849$ 81,064,255$ Licenses & Permits 1,331,942 - - - 1,331,942 Fines and Forfeitures 1,157,006 - - - 1,157,006 Intergovernmental 3,761,897 - - 8,156,556 11,918,453 Charges for Services 9,890,532 470,978 958,454 58,832 11,378,796 Investment Income 2,934,953 142,212 124,948 1,023,391 4,225,504 Miscellaneous 715,301 - - 31,500 746,801 Total Revenues 100,377,037 613,190 1,083,402 9,749,128 111,822,757

EXPENDITURES
Current:

General Government 8,126,046 - - 13,977 8,140,023 Leisure 4,301,887 - - - 4,301,887 Health 7,720,025 - - - 7,720,025 Transportation 4,937,098 1,176,689 6,113,787 Public Protection 44,604,251 - - 1,105,913 45,710,164 Development 3,213,655 297,104 1,159,471 4,670,230 Environmental 4,360,431 - - - 4,360,431 Capital Outlay 1,445,430 - 9,167,221 4,763,910 15,376,561 Debt Service:

Principal
5,108,735 - - - 5,108,735 Interest 2,027,183 - - - 2,027,183 Total Expenditures 85,844,741 297,104 9,167,221 8,219,960 103,529,026 Excess (Deficiency) of Revenues
over Expenditures 14,532,296 316,086 (8,083,819) 1,529,168 8,293,731

OTHER FINANCING SOURCES (USES)
Transfers In 119,383 - 2,563,736 2,031,863 4,714,982 Transfers Out (8,407,032) - - (614,909) (9,021,941) Issuance of Debt 697,200 - - - 697,200 Total Other Financing Sources (Uses) (7,590,449) - 2,563,736 1,416,954 (3,609,759) Net Change in Fund Balances 6,941,847 316,086 (5,520,083) 2,946,122 4,683,972 Fund Balances, Beginning, as previously reported 87,631,516 25,910,650 - 21,926,393 135,468,559 Change within financial reporting entity (nonmajor to major) - - 3,110,492 (3,110,492) - Fund Balances, Beginning, as adjusted 87,631,516 25,910,650 3,110,492 18,815,901 135,468,559 Fund Balances, Ending 94,573,363$ 26,226,736$ (2,409,591)$ 21,762,023$ 140,152,531$ City of Buena Park
Statement of Revenues, Expenditures, and Changes in Fund Balances Governmental Funds
Year Ended June 30, 2024
The accompanying notes are an integral part of this statement. 31 Net change in fund balances-total governmental funds 4,683,972$ Amounts reported for governmental activities in the Statement of Activities are different because:

Governmental funds report capital outlays as expenditures. However, in the Statement of Activities the cost of these assets is allocated over their estimated useful lives as depreciation expense.

Capital Expenditures 14,541,541
Depreciation Expense (8,184,419)
Loss on Disposal of Capital Assets (122,981)
Revenues in the Statement of Activities that do not provide current financial resources are not reported as revenues in the funds. 3,475,706 The issuance of long-term debt provides current financial resources to governmental funds, while the repayment of principal of long-term debt consumes the current financial resources of governmental funds.

Neither transaction, however, has any effect on net position. Also, governmental funds report the effect of premiums, discounts and similar items when debt is first issued, whereas these amounts are deferred and amortized in the Statement of Activities. The effect of these differences are as follows:

Principal Paid on Pension Obligation Bonds 4,663,735
Principal Paid on Lease Revenue Bonds 445,000
Amortization of Premium on Lease Revenue Bonds 25,342
Subscription Liability Proceeds (697,200)
Subscription Liability Payments 207,593
Accrued interest on bonds is not recorded in the governmental funds. This is the net change in accrued interest for the period. 3,708 Some expenses reported in the Statement of Activities do not require the use of current financial resources and are not reported as governmental fund expenditures:

Net Change in Employee Leave Benefits (231,341)
Net Change in Net Pension Liability (521,014)
Net Change in Net OPEB Liability 899,240
Net Change in Deferred Outflows Pension Related Amounts (19,097,728) Net Change in Deferred Inflows Pension Related Amounts 13,467,025 Net Change in Deferred Outflows OPEB Related Amounts (229,070) Net Change in Deferred Inflows OPEB Related Amounts (573,276) Internal service funds are used by management to charge the costs of certain activities, such as equipment management, to individual funds.

The net revenue (expense) of the internal service funds is reported with governmental activities. 3,833,821
Change in net position of governmental activitie
s 16,589,654$
City of Buena Park
Reconciliation of the Statement of Revenues, Expenditures and Changes in Fund Balances of Governmental Funds to the Statement of Activities Year Ended June 30, 2024
The accompanying notes are an integral part of this statement. 32 City of Buena Park
Statement of Net Position
Proprietary Funds
June 30, 2024
Business-type Governmental
Activities Activities
Water Internal
Enterprise Fund Service Funds
ASSETS
Current Assets:

Cash and Investments 36,414,186 $ 17,027,161 $
Accounts Receivable, Net 3,253,834 23,291
Interest Receivable 235,733 88,298
Loans Receivable - 16,240
Prepaid Items 23,020 119,233
Total Current Assets 39,926,773 17,274,223
Noncurrent Assets:

Restricted Cash and Investments 633,874 -
Capital Assets, Not Being Depreciated 612,518 - Capital Assets, Net of Accumulated Depreciation 34,881,623 3,192,950 Total Noncurrent Assets 36,128,015 3,192,950
Total Assets 76,054,788 20,467,173

DEFERRED OUTFLOWS OF RESOURCES
Pension Related Items 1,281,151 508,535
Total Deferred Outflows of Resources 1,281,151 508,535

LIABILITIES
Current Liabilities:

Accounts Payable 4,321,024 452,137
Accrued Liabilities 94,980 32,245
Deposits Payable 389,187 -
Unearned Revenue 4,543,826 -
Current Portion of Long-Term Liabilities:

Employee Leave Benefits 80,000 18,271
Loans Payable 305,640 -
Bonds Payable 215,387 -
Claims Payable - 500,000
Total Current Liabilities 9,950,044 1,002,653
Noncurrent Liabilities:

Employee Leave Benefits 142,213 60,239
Loans Payable 3,973,324 -
Bonds Payable 3,442,314 -
Claims Payable - 6,377,171
Net Pension Liability 2,837,117 1,126,149
Total Noncurrent Liabilities 10,394,968 7,563,559 Total Liabilities 20,345,012 8,566,212

NET POSITION
Net Investment in Capital Assets 31,215,177 3,192,950 Unrestricted 25,775,750 9,216,546
Total Net Position 56,990,927 $ 12,409,496 $
The accompanying notes are an integral part of this statement. 33 City of Buena Park
Statement of Revenues, Expenses, and Changes in Net Position Proprietary Funds
Year Ended June 30, 2024
Business-type Governmental
Activities Activities
Water Internal
Enterprise Fund Service Funds

OPERATING REVENUES
Charges for Services 19,225,138 $ 8,574,654 $
Other Income 3,644 -
Total Operating Revenue 19,228,782 8,574,654

OPERATING EXPENSES
Self-insurance - 3,947,157
Employee Benefits - 82,458
Maintenance and Supplies - 5,078,551 Information Systems - 216,087
Water Services 17,242,289 -
Health Services 788,669 -
Depreciation 1,786,114 486,557
Total Operating Expenses 19,817,072 9,810,810
Operating Income (Loss) (588,290) (1,236,156)

NONOPERATING REVENUES (EXPENSES)
Investment Income 1,344,268 532,752
Intergovernmental Grants 456,174 -
Interest Expense (75,909) -
Gain/ (Loss) on Disposal of Capital Assets (447,198) (2,537) Total Nonoperating Revenues (Expenses) 1,277,335 530,215 Income Before Contributions and Transfers 689,045 (705,941) Transfers In - 4,712,582
Transfers Out (232,803) (172,820)
Change in Net Position 456,242 3,833,821
Net Position, Beginning 56,534,685 8,575,675
Net Position, Ending 56,990,927 $ 12,409,496 $
The accompanying notes are an integral part of this statement. 34 City of Buena Park
Statement of Cash Flows
Proprietary Funds
Year Ended June 30, 2024
Business-type Governmental
Activities Activities
Water Internal
Enterprise Fund Service Funds
Cash Flows from Operating Activities
Cash Received from Customers 18,928,020 $ - $
Cash Received from User Departments - 8,476,292 Cash Paid to Suppliers for Goods and Services (14,031,798) (6,868,839) Cash Paid to Employees for Services (3,369,254) (1,422,671) Net Cash from Operating Activities 1,526,968 184,782 Cash Flows from Noncapital Financing Activities
Cash Received from Employee Loans - 2,029 Principal Paid on Debt (206,265) -
Cash Paid (to) from Other Funds (232,803) 4,539,762 Net Cash from Noncapital Financing Activities (439,068) 4,541,791 Cash Flows from Capital and Related Financing Activities Acquisition and Construction of Capital Assets (2,099,925) (1,863,905) Proceeds from the Sale of Assets - 28,710 Proceeds from Capital Grants 5,000,000 -
Principal Paid on Debt (305,640) -
Interest Paid on Debt (75,909) -
Net Cash from Capital and Related Financing Activities 2,518,526 (1,835,195) Cash Flows from Investing Activities
Interest on Investments 1,239,727 501,363
Net Cash from Investing Activities 1,239,727 501,363 Net Increase (Decrease) in Cash and Cash Equivalents 4,846,153 3,392,741 Cash and Cash Equivalents, Beginning of Year 32,201,907 13,634,420 Cash and Cash Equivalents, End of Year 37,048,060$ 17,027,161 $ Reconciliation of Operating Income to Net Cash
Provided (Used) by Operating Activities
Operating income (loss) (588,290)$ (1,236,156)$
Adjustments to reconcile operating income (loss) to net cash provided (used) by operating activities:

Depreciation 1,786,114 486,557
(Increase) Decrease in Accounts Receivable (314,710) (98,362) (Increase) Decrease in Inventory and Prepaid Items (1,190) (11,676) (Increase) Decrease in Deferred Outflows - Pensions 324,564 128,830 Increase (Decrease) in Accounts Payable (106,316) (29,742) Increase (Decrease) in Accrued Liabilities 33,572 7,466 Increase (Decrease) in Deposits Payable 13,948 - Increase (Decrease) in Employee Leave Benefits 12,077 (868) Increase (Decrease) in Net Pension Liability 367,199 145,753 Increase (Decrease) in Claims and Judgments - 792,980 Net Cash Provided (Used) by Operating Activities 1,526,968 $ 184,782 $ The accompanying notes are an integral part of this statement. 35 Successor
Agency
Private-purpose Custodial
Trust Fund Funds
ASSETS
Cash and Investments 8,343,371 $ 268,429 $
Accounts Receivable - 150,321
Restricted Cash and Investments 1,298,004 5,290,337 Interest Receivable 31,173 -
Total Assets 9,672,548 5,709,087

DEFERRED OUTFLOWS OF RESOURCES
Deferred Charge on Refunding 1,659,421 -

LIABILITIES
Accounts Payable 4,467 81,050
Accrued Liabilities 2,084 -
Deposits Payable 13,129 -
Interest Payable 502,000 -
Bonds Payable, due within one year 2,580,000 -
Bonds Payable, due in more than one year 36,184,752 - Total Liabilities 39,286,432 81,050

NET POSITION
Restricted for:

Successor Agency (27,954,463) -
Individuals and Organizations - 5,628,037 (27,954,463)$ 5,628,037$
City of Buena Park
Statement of Net Position
Fiduciary Funds
June 30, 2024
The accompanying notes are an integral part of this statement. 36 Successor
Agency
Private-purpose Custodial
Trust Fund Funds

ADDITIONS
Contributions:

Taxes and assessments collected for others 5,701,984$ 1,270,585$ Investment Earnings:

Interest Income 394,878 -
Total Additions 6,096,862 1,270,585

DEDUCTIONS
Administrative Costs 1,820,019 1,674,737
Contractual Obligations 57,152 44,200
Interest on Bonds 1,181,382 -
Total Deductions 3,058,553 1,718,937
Change in Net Position 3,038,309 (448,352)
Net Position - Beginning of Year (30,992,772) 6,076,389 Net Position - End of Year (27,954,463)$ 5,628,037$
City of Buena Park
Statement of Changes in Net Position
Fiduciary Funds
Year Ended June 30, 2024
The accompanying notes are an integral part of this statement. 37 City of Buena Park
Notes to Financial Statements
Year Ended June 30, 2024

1) SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

The basic financial statements of the City of Buena Park, Cali fornia (City) have been prepared in conformity with generally accepted accounting principles (GAAP) as applied to government units. The Governmental Accounting Standards Board (GASB) is the accepted standard-setting body for establishing governmental accounting and financial reporting principles. The more significant of the City’s accounting policies are described below.

A) Financial Reporting Entity

The City of Buena Park was i ncorporated January 27, 1953 under the general laws of the State of California.

The City became a charter City in November 2008.

The accounting policies of the Ci ty of Buena Park (City) conform to accounting principles generally accepted in the United States of America as applicable to governments. As required by accounting principles generally accepted in the United States of America, these financial statements present the City and its component units, entities for which the City is considered to be financially accountable. The City is considered to be financially accountable for an organization if the City appoints a voting majority of that organization’s governing body and the City is able to impose its will on that organization or there is a potential for that organization to provide specific financial benefits to or impose specific financial burdens on the City. The City is also considered to be financially accountable for an organization if that organization is fiscally dependent upon the City (i.e., it is unable to adopt its budget, levy taxes, set rates or charges, or issue bonded debt without approval from the City). In certain cases, other organizations are included as component units if the nature and significance of their relationship with the City are such that their exclusion would cause the City’s financial statements to be misleading or incomplete. The accompanying financial statements include the financial activities of the City, and its component unit, the Buena Park Public Financing Authority.

Buena Park Public Financing Authority

The Buena Park Public Financing Authority (Authority) was form ed for the purpose of financing acquisitions and infrastructure improvements. The PFA and the City have a financial and operational relationship, which requires that the PFA’s financial statements be blended into the City’s financial statements. The PFA’s Board consists exclusively of all five members of the City Council. Separately issued financial statements of the PFA are not available.

B) Basis of Accounting and Measurement Focus

The government-wide financial statements are reported using the economic resources measurement focus and the accrual basis of accounting, as are the proprietary fund and fiduciary fund financial statements.

Revenues are recorded when earned and expenses are recorded when a liability is incurred, regardless of the timing of related cash flows. Property taxes are recognized as revenues in the year for which they are levied. Grants and similar programs are recognized as revenue as soon as all eligibility requirements imposed by providers have been met.

Governmental fund financial statements are reported using the c urrent financial resources measurement focus and the modified accrual basis of accounting. Revenues are recognized when they are both measurable and available. Amounts are considered measurable when they can be estimated, or otherwise determined.

Revenues are considered to be available if they are collected within the current period or soon enough thereafter to pay for liabilities in the current period. For th is purpose, the City considers revenues to be available if they are collected within 60 days of the end of the current fiscal period. 38 City of Buena Park
Notes to Financial Statements
Year Ended June 30, 2024

1) SUMMARY OF SIGNIF ICANT ACCOUNTING POLICIES – Continued

Sales taxes, property taxes, fr anchise taxes, gas taxes, motor vehicle in lieu, transient occupancy taxes, grants and interest associated with the current fiscal period are all considered to be susceptible to accrual and have been recognized as revenues of the current fiscal period t o the extent normally collected within the availability period. Other revenue items are considered to be measurable and available when cash is received by the City.

Proprietary funds distinguish operating revenues and expenses from non-operating items. Operating revenues and expenses generally result from providing services and producing and delivering goods in connection with a proprietary fund’s principal ongoing operations. The principal operating revenues of the City’s enterprise fund and internal service funds are charges to customers for services provided. Operating expenses for the City’s enterpris e fund and internal service fu nds include the cost of sales and services, administrative expenses, and depreciation on capital assets. All revenues and expenses not meeting this definition are reported as non-operating revenues and expenses.

The City’s internal service funds are presented in the propriet ary funds financial statements. Because the principal users of the internal services are the City’s governmental activities, the financial statements of the internal service fund are consolidated in the governmental acti vities column when presented in the government-wide financial statements. To the extent possible, the cost of these services is reported in the appropriate functional activity (general government, public protection, development, etc.).

As a general rule, the effect of interfund activity has been el iminated from the government-wide financial statements. Interfund services provided and used are not eliminated in the process of consolidation.

Amounts reported as program revenues include 1) charges to customers or applicants for goods, services, or privileges provided, 2) operating grants and contributions, and 3) capital grants and contributions, including special assessments. Internally dedicated resources are reported as general revenues rather than program revenues. Likewise, general revenues include all taxes.

When both restricted and unrestricted resources are combined and are available for use, it is the City’s policy to use restricted resources first, then unrestricted resources as they are needed.

Government-wide and Fund Financial Statements

The basic financial statements of the City are composed of the following:

 Government-wide Financial Statements
 Fund financial statements
 Notes to financial statements

The City’s basic financial statements are prepared in accordanc e with accounting principles generally accepted in the United States of America. The Governmental Accounting Standards Board is the acknowledged standard setting body for establishing accounting and financial reporting standards followed by governmental entities in the United States of America.

39 City of Buena Park
Notes to Financial Statements
Year Ended June 30, 2024

1) SUMMARY OF SIGNIF ICANT ACCOUNTING POLICIES – Continued

Government-wide Financial Statements:

The government-wide financial statements (i.e., the Statement o f Net Position and the Statement of Activities) report information on all of the non-fiduciary acti vities of the primary government and its component units. For the most part, the effect of interfund activity has been removed from these statements.

Governmental activities, which normally are supported by taxes and intergovernmental revenues, are reported separately from business-type activities, which rely to a significant extent on fees and charges for support.

The Statement of Activities demonstrates the degree to which direct expenses of a given function are offset by program revenues. Direct expenses are expenses that are clea rly identifiable with a specific program, project, function or segment. Program revenues of the City include: 1) charges to customers or applicants who purchase, use, or directly benefit from goods, services, or privileges provided by a given function or segment and 2) grants and contri butions that are restricted to meeting the operational or capital requirements of a particular function or segment. Taxes and oth er items that are not properly included among program revenues are reported instead as general revenues.

Fund Financial Statements

Separate financial statements are provided for governmental funds, proprietary funds, and fiduciary funds.

Major governmental funds are reported as separate columns in the fund financial statements.

Fund Classifications

The City reports the following major governmental funds:

The General Fund is the general operating fund of t he City. This fund is used t o account for all financial resources of the City, except for those required to be accounted for in another fund

The Housing Successor Fund is used to account for future affordable housing projects. The majority of revenues recorded in the fund are loan repayments and proceeds for sale of properties held for low and moderate-income housing purposes.

The Park In-Lieu Fund is used to account for recreational development projects financed by developer fees paid in-lieu of park development.

The City reports the following major proprietary funds:

The Water Enterprise Fund is used to account for the costs (including depreciation) of p roviding water services to the general public and to account for the user charges by which these costs are recovered.

Additionally, the City reports the following fund types:

The Internal Service Funds are used to finance and account for activities involved in rendering information technology, equipment replacement and maintenance, building maintenance, employee benefits and self- insurance services to departments within the City. Costs of mat erials and services used are accumulated in these funds and charged to the user departments as such goods are delivered or services are rendered. 40 City of Buena Park
Notes to Financial Statements
Year Ended June 30, 2024

1) SUMMARY OF SIGNIF ICANT ACCOUNTING POLICIES – Continued

Fiduciary fund financial statements consist of a Statement of Fiduciary Net Position and a Statement of Changes in Fiduciary Net Position. The City has two types of fiduciary funds, custodial funds and a private- purpose trust fund. Custodial funds are used to account for the assets held for distribution by the City as an agent for another entity for which the City has custodial responsibility and accounts for the flow of assets.

Private-purpose trust funds account for resources of all other trust arrangements in which principal and income benefit individuals, private organizations, or other gov ernments (i.e. unclaimed property/escheat property). Fiduciary funds are accounted for using the accrual basis of accounting. The City reports the following fiduciary funds:

Custodial Funds – account for funds in which the City is acting as a custodian for another agency. The specific nature of the activities reported in the custodial funds are the Buena Park Mall Community Facilities District and the Buena Park Tourism Marketing District.

Successor Agency Private-purpose Trust Fund – accounts for assets and liabilities transferred in fiscal year 2012 from the Redevelopment Agency of the City of Buena Park to the Successor Agency Trust Fund.

C) Cash and Investments

Investments are reported in the accompanying balance sheet at fair value, except for certain certificates of deposit and investment contracts that are reported at cost because they are not transferable and they have terms that are not affected by changes in market interest rates.

Changes in fair value that occur during a fiscal year are recognized as investment income reported for that fiscal year. Investment income includes interest earnings, changes in fair value, and any gai ns or losses realized upon the liquidation or sale of investments.

The City pools cash and investments of all funds, except for assets held by fiscal agents. Each fund’s share in this pool is displayed in the accompanying financial stateme nts as cash and investments. Investment income earned by the pooled investments is allocated to the various f unds based on each fund’s average cash and investment balance.

For purposes of the statement of cash flows, cash equivalents are defined as short-term, highly liquid investments that are both readily convertible to known amounts of cash or so near their maturity that they present insignificant risk of changes in value because of chang es in interest rates, and have an original maturity date of 3 months or less. Cash equivalents represent the proprietary funds’ share in the cash and investment pool of the City.

D) Inventories

Inventories held by the General Fund are stated at cost on a f irst-in, first-out basis. The General Fund inventories are recorded as an expenditure when used (consumption method).

E) Property Held for Resale

Property held for resale is reported in Housing Successor spec ial revenue fund and the General Fund.

Property held for resale is valued at the lower of cost or expected net realizable value. 41 City of Buena Park
Notes to Financial Statements
Year Ended June 30, 2024

1) SUMMARY OF SIGNIF ICANT ACCOUNTING POLICIES – Continued

F) Property Taxes

Under California law, property taxes are assessed and collecte d by the counties up to 1% of assessed value, plus other increases approved by the voters. The property taxes go into a pool, and are then allocated to the cities based on complex formulas. Accordingly, the City accrues only those taxes which are received within 60 days after year end. The property tax calendar is as follows:

G) Claims and Judgements

The City records a liability for litigation, judgments, and claims when it is probable that an asset has been impaired or a liability (includi ng incurred but not reported) h as been incurred prior to yearend and the probable amount of loss (net of any insurance coverage) can be reasonably estimated. This liability is recorded in the internal service fund that accounts for the City’s self-insurance activities.

H) Compensated Absences Payable

For governmental funds, compensated leave payable is recorded as current and noncurrent liabilities and as expenses only on the Government-Wide Financial Statements. For proprietary funds, current and non- current liabilities for compensated leave payable are recorded as expenses in both the Government-wide Financial Statements and the Fund Financial Statements.

I) Capital Assets

Capital assets, which include land, buildings, improvements, e quipment, furniture, and infrastructure assets (e.g. roads, sidewalks, and similar items), are reported in the applicable governmental or business-type activities in the Government-Wide Financial Statements. Capital assets are recorded at historical cost or estimated historical cost if actual cost is not available. Dona ted assets, donated works of art and similar items, and capital assets received in service concession arrangements are valued at their acquisition value on the date received. Generally, capital asset purchases in excess of $1,000 are capitalized if they have an expected useful life of two years or more.

For capital assets, depreciat ion is recorded on a straight-line basis over the useful lives of the assets as follows:

Lien date January 1
Levy date July 1 to June 30
Due date November 1 and March 1
Delinquent dates December 10 and April 10
Property Tax Calendar
42 City of Buena Park
Notes to Financial Statements
Year Ended June 30, 2024

1) SUMMARY OF SIGNIF ICANT ACCOUNTING POLICIES – Continued

The City elected to use the Ba sic Approach as defined by GASB Statement No. 34 for infrastructure reporting. The City conducted a valuation of its infrastructure assets as of July 1, 2002. This valuation determined the original cost using one of the following methods:

 Use of historical records where available.
 Standard unit costs approach for the construction/acquisition date  Present cost indexed by a reciprocal factor of the price incre ase from the construction/acquisition date to the current date.

Accumulated depreciation is defined as the total depreciation f rom the date of construction/acquisition to the current date on a straight-line method using industry accepted life expectancies for each infrastructure subsystem. The book value was then computed by deducting the ac cumulated depreciation from the original cost.

J) Notes and Loans Receivable

The accompanying financial statements report certain loans rece ivable for loans made to private developers, private homeowners, and other parties. Where applicable, an allowance for doubtful accounts has been recorded to reflect management’s best estimate of prob able losses associated with non- repayment.

K) Deferred Outflows/Inflows of Resources

In addition to assets, the statement of financial position will sometimes report a separate section for deferred outflows of resources. This separate financial statement element represents consumption of net assets that applies to a future period(s) and so will not be recognized as an outflow of resources (expense/ expenditure) until then. The City has certain items that qualify for reporti ng in this category: 1) a deferred charge on refunding resulting from the difference in the carrying value of refunded debt and its reacquisition price, which is deferred and amortized over the shorter of the life of the refunded or refunding debt, and 2) deferred outflows relating to the City’s net pension and OPEB liabilities.

In addition to liabilities, the statement of financial position will sometimes report a separate section for deferred inflows of resources. This separate financial statemen t element represents an acquisition of net assets that applies to a future period(s) and so will not be re cognized as an inflow of resources (revenue) until that time. The City reports deferred inflows for certain items under the modified accrual basis of accounting. Accordingly, unavailable revenue is reported only in the governmental funds balance sheet.

Buildings 25 - 45 years
Pumping Plant, Reservoir, Wells 15 - 50 years
Distribution System 25 - 50 years
Sewer Lines 75 years
Water System 20 - 75 years
Improvements 10 - 40 years
Machinery and Equipment 2 - 20 years
Furniture and Fixtures 2 - 20 years
Infrastructure 25 - 75 years
43 City of Buena Park
Notes to Financial Statements
Year Ended June 30, 2024

1) SUMMARY OF SIGNIF ICANT ACCOUNTING POLICIES – Continued

The governmental funds report unavailable revenues related to interest earned on loans. These amounts are deferred and recognized as an inflow of resources in the pe riod that the amounts become available.

The City also reports deferred inflows relating to the net pension and OPEB liabilities.

L) Pensions

For purposes of meas uring the net pension liability and deferre d outflows/inflows of resources related to pensions, and pension expense, information about the fiduciary net position of the City’s California Public Employees’ Retirement System (CalPERS) plans (Plans) and additi ons to/deductions from the Plans’ fiduciary net position have been determined on the same basis as they are reported by CalPERS. For this purpose, benefit payments (including refunds of employee contributions) are recognized when due and payable in accordance with the benefit terms. Investments are reported at fair value.

M) Other Postemployment Benefits (OPEB)

For purposes of measuring the total OPEB liability, deferred outflows of resources and deferred inflows of resources related to OPEB, and OPEB expense, generally accepted accounting principles require that the reported results must pertain to liability and asset informatio n within certain defined timeframes. For this report, the following timeframes are used: June 30, 2023 Valua tion Date; June 30, 2023 Measurement Date; and July 1, 2022 through June 30, 2023 Measurement Period.

N) Net Position Flow Assumption

Sometimes the City will fund outlays for a particular purpose f rom both restricted (e.g., restricted bond or grant proceeds) and unrestricted resources. In order to calculate the amounts to report as restricted net position and unrestricted net position in the government-wide a nd proprietary fund financial statements, a flow assumption must be made about the order in which the resou rces are considered to be applied. It is the City’s policy to consider restricted net position to have b een depleted before unrestricted net position.

O) Fund Balance

Nonspendable Fund Balance: These include amounts that cannot be spent because they are either (a) not in spendable form or (b) legally or contractually required to b e maintained intact, e.g., the principal of an endowment fund. Examples of “not in spendable form” include inventory, prepaid amounts, long-term notes and loans, property held for resale and other items not expecte d to be converted to cash. However, if the proceeds from the eventual sale or liquidation of the items wou ld be considered restricted, committed or assigned (as defined further on) then these amounts would be in cluded in the restricted, committed or assigned instead of the nonspendable classification. A debt ser vice reserve fund held by a trustee is an example of fund balance in nonspendable form that is classified as restricted instead of nonspendable since the reserve is eventually liquidated to make the final debt service principal payment.

Restricted Fund Balance : have externally enforceable limitations on use. The limitati ons on use can be imposed by creditors, grantors, or contributors as well as by constitutional provisions, City charter, enabling legislation, laws and government regulations.

Committed Fund Balance: Amounts that can only be used for specific purposes pursuant to constraints imposed by formal action (Resolution) of the City Council are classified as committed fund balances. 44 City of Buena Park
Notes to Financial Statements
Year Ended June 30, 2024

1) SUMMARY OF SIGNIF ICANT ACCOUNTING POLICIES – Continued

Assigned Fund Balance: Fund balance amounts for which the City Council has expresse d intent for use but not taken formal action to commit are reported as assigned under GASB 54.

Unassigned Fund Balance: These are either residual positive net resources of the General Fund in excess of what can properly be classified in one of the other four categories, or negative balances. For all funds other than the General Fund, amounts expended in excess of resources that are restricted, committed, or assigned, negative unassigned fund balance may be necessary to report.

P) Fair Value Measurements

Certain assets and liabilities are required to be reported at f air value. The fair value framework provides a hierarchy that prioritizes the inputs to valuation techniques used to measure fair value. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements), as follows:

Level 1 – Inputs to the valuation methodology are unadjusted quoted prices for identical assets or liabilities in active markets.

Level 2 – Inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly and fair value is determined thro ugh the use of models or other valuation methodologies including:

 Quoted prices for similar assets or liabilities in active mark ets;  Quoted prices for identical or similar assets or liabilities i n markets that are inactive; inputs other than quoted prices that are observable for the asset or liability;  Inputs that are derived principally from or corroborated by ob servable market data by correlation or other means.

Level 3 – Inputs to the valuation methodology are unobservable and sig nificant to the fair value measurement. These unobservable in puts reflect the City’s own a ssumptions about the inputs market participants would use in pricing the asset or liability (inclu ding assumptions about risk). These unobservable inputs are developed based on the best information available in the circumstances and may include the City’s own data.

Q) Leases

Lessor: The City is a lessor for noncancellable leases of land owned by the City. The City recognizes a lease receivable and a deferred inflow of resources in the government -wide and governmental fund financial statements.

At the commencement of a lease, the City initially measures the lease receivable at the present value of payments expected to be received during the lease term. Subsequently, the lease receivable is reduced by the principal portion of lease payments received. The deferred inflow of resources is initially measured as the initial amount of the lease receivable, adjusted for lease payments received at or before the lease commencement date. Subsequently, the deferred inflow of resources is recognized as revenue over the life of the lease term.

45 City of Buena Park
Notes to Financial Statements
Year Ended June 30, 2024

1) SUMMARY OF SIGNIF ICANT ACCOUNTING POLICIES – Continued

Key estimates and judgments include how the City determines (1) the discount rate it uses to discount the expected lease receipts to present value, (2) lease term, and (3) lease receipts.

 The City uses its estimated incremental borrowing rate as the discount rate for leases.  The lease term includes the noncancellable period of the lease. Lease receipts included in the measurement of the lease receivable is composed of fixed payments from the lessee.  The City monitors changes in circumstances that would require a remeasurement of its lease, and will remeasure the lease receivable and deferred inflows of resource s if certain changes occur that are expected to significantly affect the amount of the lease receivable.

R) Use of Estimates

The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the 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 expenditures/expenses during the reporting period.

Actual results could differ from those estimates.

2) CASH AND INVESTMENTS

Cash and investments as of June 30, 2024 are classified in the accompanying financial statements as follows:

Cash and investments as of June 30, 2024 consist of the following:

Deposits

The carrying amount of the City ’s cash deposits was $2,091,101 at June 30, 2024. Bank balances before reconciling items were a positive amount of $2,246,258 at June 30, 2024. The City has waived the collateral requirements for cash deposits, which are fully insured up to $ 250,000 by the Federal Deposit Insurance Corporation. The remaining amount was collateralized with securities held by the pledging financial institutions in the City’s name.

Governmental Business-type Fiduciary
Activities Activities Funds Total
Cash and Investments 91,152,937$ 36,414,186$ 8,611,800$ 136,178,923$ Restricted Cash and Investments 7,867,700 633,874 6,588,341 15,089,915 Total Cash and Investments 99,020,637$ 37,048,060$ 15,200,141$ 151,268,838$ Government-wide
Statement of Net Position
Cash on Hand 6,975$
Deposits with Financial Institutions 2,091,101
Investments 149,170,762
Total Cash and Investments 151,268,838$
46 City of Buena Park
Notes to Financial Statements
Year Ended June 30, 2024

2) CASH AND INVESTMENTS – Continued

The California Government Code (Code) requires California banks and savings and loan associations to secure the City’s cash deposits by pledging securities as collateral. The Code states that collateral pledged in this manner shall have the effect of perfecting a security interest in such collateral superior to those of a general creditor. Thus, collateral for cash deposits is considered to b e held in the City's name. The market value of pledged securities must equal at least 110% of the City’s cash deposits. California law also allows institutions to secure City deposits by pledgi ng first trust deed mortgage notes having a value of 150% of the City’s total cash deposits.

The City follows the practice of pooling cash and investments of all funds, except for funds required to be held by fiscal agents under the provisions of bond indentures. Inter est income earned on pooled cash and investments is allocated to the various funds based on the period-end cash and investment balances. Interest income from cash and investments with fiscal agents is credited directly to the related fund.

Investments Authorized by the California Government Code and the City’s Investment Policy

The table below identifies the investment types that are author ized for the City by the California Government Code (or the City’s investment policy, where more restrictive). The table also identifies certain provisions of the California Government Code (or the City’s investment policy, where more restrictive) that address interest rate risk, credit risk, and concentration of credit risk. This table does not address investments of debt proceeds held by bond trustees that are governed by the provisions of debt agreements, rather than the general provisions of the California Government Code or the City’s investment policy.

Disclosures Relating to Interest Rate Risk

Interest rate risk is the risk that changes in market interest rates will adversely affect the fair value of an investment. Generally, the longer the maturity of an investment , the greater the sensitivity of its fair value to Maximum Maximum
Maximum Percentage Investment in
Authorized Investment Type Maturity* of Portfolio* One Issuer* U.S. Treasury Obligations 5 years No Limit No Limit
U.S. Government Agency Obligations 5 years No Limit No Limit Corporate Medium Term Notes 5 years 30% 5%
Bankers' Acceptances 180 days 20% 5%
Asset-Backed Securities, CMO's, and
Mortgage pass-through securities 5 years 20% No Limit
Commercial Paper 270 days 25% 5%
Repurchase Agreements 30 Days 15% No Limit
Negotiable Certificates of Deposit 5 years 30% 5%
Federally-insured Time Deposits 5 years 20%** 5%
Time Deposits (collateralized) 5 years 20%** 5%
Supranational Securities 5 years 30% 10%
Municipal Securities 5 years 30% 5%
Mutual Funds N/A No Limit 10%***
Money Market Mutual Funds N/A 20% No Limit
Local Agency Investment Fund (LAIF) N/A 35% N/A
* Based on state law requirements or investment policy requirements, whichever is more restrictive. ** 20% in a combination of federally-insurred and collateralized time deposits *** 10% maximum in any one mutual fund
47 City of Buena Park
Notes to Financial Statements
Year Ended June 30, 2024

2) CASH AND INVESTMENTS – Continued

changes in market interest rates. One of the ways the City mana ges its exposure to interest rate risk is by purchasing a combination of shorter term and longer-term investments and by timing cash flows from maturities so that a portion of the portfolio is maturing or coming close to maturity evenly over time as necessary to provide the cash flow and liquidity needed for operations. Information about the sensitivity of the fair values of the City’s investments (including investments held by bond trustees) to market interest rate fluctuations is provided by the following table that shows the distribution of the City’s investments by maturity:

Disclosures Relating to Credit Risk

Generally, credit risk is the risk that an issuer of an investm ent will not fulfill its obligation to the holder of the investment. This is measured by the assignment of a rating by a nationally recognized statistical rating organization. Presented below is the minimum rating required by the California Government Code, the City’s Investment Policy, or debt agreements, and the actual rating as of year-end for each investment type.

Concentration of Credit Risk

The investment policy of the City contains no limitations on the amount that can be invested in any one issuer beyond that stipulated by the Calif ornia Government Code. As of June 30, 2024, the City’s investments with each of the following issuers exceed 5% of its total investments.

12 Months 13 to 36 37 to 60 More than
Investment Type Total Or Less Months Months 60 Months
US Treasury Obligations 41,139,483 $ 10, 623,085$ 22,478,011 $ 8,038,387 $ - $ U.S. Government Agency Securities 32,736,909 9,288,553 12, 517,039 10,931,317 - Medium-term Notes 22,736,439 3,259,701 7, 385,043 12,091,695 - Supranationals 5,733,490 1, 447,680 946,240 3,339,570 - Money Market Mutual Funds 340,115 340,115 - - - CEPPT 2,228,095 2, 228,095 - - - Local Agency Investment Fund (LAIF) 31,890,058 31,890,058 - - - Held by Fiscal Agent:

Municipal Securities 4,160,000 - - - 4,160,000 Money Market Mutual Funds 8,206,173 8, 206,173 - - - Total Pooled Investments 149,170,762 $ 67,283,460 $ 43,326,333 $ 34,400,969 $ 4,160,000 $ Remaining Maturity (in Months)
Minimum Exempt from
Inv estment Type Total Legal Rating AAA AA+ to AA- A+ to A- Not Rated R ating US Treasury Obligations 41,139,483 $ N/A - $ 41,139,483$ - $ - $ - $ U.S. Government Agency Securities 32,736,909 N/A - 32,736,909 - - - Medium-term Notes 22,736,439 A 947,451 4,213,784 17,575,204 - - Supranationals 5,733,490 AA 3,339,570 - 2,393,920 - - Money Market Mutual Funds 340,115 A 340,115 - - - - CEPPT 2,228,095 N/A - - - 2,228,095 - Local Agency Investment Fund (LAIF) 31,890,058 N/A - - - 31,890,058 - Held by Fiscal Agent
Municipal Securities 4,160,000 - - - 4,160,000 - Money Market Mutual Funds 8,206,173 A 8,206,173 - - - - Total Pooled Investments 149,170,762 $ 12,833,309 $ 78,090,176 $ 19,969,124 $ 38,278,153 $ - $ Reported
Issuer Investment Type Amount
Federal Farm Credit Bank US Government Agency Securities 11,175,662 Federal Home Loan Bank US Government Agency Securities 9,568,510 48 City of Buena Park
Notes to Financial Statements
Year Ended June 30, 2024

2) CASH AND INVESTMENTS – Continued

Custodial credit risk for deposits is the risk that, in the event of the failure of a depository financial institution, a government will not be able to recover its deposits or will not be able to recover collateral securities that are in the possession of an outside party. The custodial credit risk for investments is the risk that, in the event of the failure of the counterparty (e.g., broker-dealer) to a transact ion, a government will not be able to recover the value of its investment or collateral securities that are in th e possession of another party. The California Government Code and the City’s investment policy do not contain legal or policy requirements that would limit the exposure to custodial credit risk for deposits or investments, other than the following provision for deposits:

The California Government Code requires that a financial instit ution secure deposits made by state or local governmental units by pledging securities in an undivided collateral pool held by a depository regulated under state law (unless so waived by the governmental unit). The mark et value of the pledged securities in the collateral pool must equal at least 110% of the total amount de posited by the public agencies. California law also allows financial institutions to secure City deposits by p ledging first trust deed mortgage notes having a value of 150% of the secured public deposits.

Investment in State Investment Pool

The City is a voluntary participant in the Local Agency Investment Fund (LAIF) that is regulated by the California Government Code under the oversight of the Treasurer of the Sta te of California. The fair value of the City’s investment in this pool is reported in the accompanying financial statements at amounts based upon the City’s pro-rata share of the fair value provided by LAIF for the entir e LAIF portfolio (in relation to the amortized cost of that portfolio). The balance available for withdrawal is based on the accounting records maintained by LAIF, which are recorded on an amortized cost basis.

Fair Value of Investments

Investments (except those that m ay be reported at amortized cos t) are measured at fair value on a recurring basis. Recurring fair value measurements, are those that Governmental Accounting Standards Board (GASB) Statements require or permit in the statement of net position a t the end of each reporting period. Fair value measurements are categorized based on the valuation inputs used to measure an asset’s fair value: Level 1 inputs are quoted prices in active markets for identical assets ; Level 2 inputs are significant other observable inputs; Level 3 inputs are significant unobservable inputs. Inv estment fair value measurements at June 30, 2024 are described below. Based upon the fair value measuremen ts, the City held the following investments as of June 30, 2024:

Treasury obligations, US Government Agency Securities, Medium-Term Notes, Municipal Securities, and Supranationals, categorized as Level 2 are valued based on matrix pricing which use observable market inputs such as yield curves and market indices that are derived principally from or corroborated by observable market data by correlation to other means.

Investment Type Total Level 1 Level 2 Level 3
US Treasury Obligations 41,139,483$ 41,139,483$ -$ -$ U.S. Government Agency Securities 32,736,909 - 32,736,909 - Medium-term Notes 22,736,439 - 22,736,439 - Supranationals 5,733,490 - 5,733,490 - Municipal Securities 4,160,000 - 4,160,000 - CEPPT 2,228,095 2,228,095 - - Total 108,734,416$ 43,367,578$ 65,366,838$ -$
Fair Value Hierarchy
49 City of Buena Park
Notes to Financial Statements
Year Ended June 30, 2024

3) INTERFUND RECEIVABLES, PAYABLES AND TRANSFERS

Due to/From

As of June 30, 2024, the General Fund has an outstanding receivable from the Park In-Lieu Capital projects fund and non-major governmental funds of $1,475,434 and $483,09 5, respectively to cover current year operating deficits. These deficits will be repaid with future revenues and when receivables are collected.

Interfund transfers for the year ended June 30, 2024 are as follows:

The General Fund transferred $2,563,736 and $1,754,036 to the P ark In-Lieu and other governmental funds, respectively to fund projects. In addition, the General Fund, Water Enterprise, and Other Governmental Funds transferred $4,089,260, $120,920 and $329,582, respectively, to the Internal Service Funds for claims liabilities and information systems. The Wate r Enterprise Fund transferred $111,883 to the General Fund for various services. The Other Governmental Funds transferred $277,827 to Other Governmental Funds to fund various projects.

4) LOANS, NOTES, AND OTHER RECEIVABLES

The City acting as the successor agency of the former redevelopment agency engages in programs designed to encourage construction or improvement in low-to-moderate income housing or other projects. Under these programs, loans are provided under favorable terms to homeowners or developers who agree to spend these funds in accordance with the City’s terms. Loans and notes rece ivable, including accrued interest and related deferred inflows of resources, comprised balances from the following programs, all of which are discussed below:

Park Other Internal
General In-Lieu Governmental Service
TRANSFERS OUT Fund Fund Funds Funds Total
General Fund - $ 2,563,736$ 1,754,036 $ 4,089,260 $ 8,407,032 $ Other Governmental Funds 7,500 - 277,827 329,582 614,909 Water Enterprise Fund 111,883 - - 120,920 232,803 Internal Service Funds - - - 172,820 172,820 119,383 $ 2,563,736$ 2,031,863$ 4,712,582$ 9,427,564$

TRANSFERS IN
Balance
Description June 30, 2024
Governmental Funds:

Home Improvement Loans 2,306,962$
Low and Moderate Income Housing Loans 23,197,384
First Time Homebuyer Loans 4,164,126
Subtotal 29,668,472
Allowance for Uncollectible Accounts (3,231,798)
Total Governmental Funds 26,436,674
Internal Service Funds:

Employee Computer Loans 16,240
Total Primary Government 26,452,914$
50 City of Buena Park
Notes to Financial Statements
Year Ended June 30, 2024

5) CAPITAL ASSETS

Capital asset activity for the year ended June 30, 2024 is presented below:

Depreciation expense was charged to the following functions for governmental activities in the Statement of Activities:

Beginning Ending
Governmental Activities: Balance Increases Decreases Balance Capital Assets, Not Being Depreciated:

Rights of Way 48,894,346$ -$ -$ 48,894,346$ Land 14,363,166 - - 14,363,166 Construction in Progress 2,275,749 13,983,139 (8,539,715) 7,719,173 Total Capital Assets, Not
Being Depreciated 65,533,261 13,983,139 (8,539,715) 70,976,685 Capital Assets Being Depreciated:

Buildings 109,531,157 61,047 - 109,592,204 Improvements 35,774,390 3,329,112 (105,503) 38,997,999 Machinery and Equipment 27,269,686 2,273,916 (272,468) 29,271,134 Furniture and Fixtures 2,137,804 - - 2,137,804 Right-to-Use Subscription Asset 161,225 697,200 - 858,425 Infrastructure - Road System 128,075,168 4,181,713 (845,712) 131,411,169 Infrastructure - Storm Drain System 6,322,892 419,034 - 6,741,926 Total Capital Assets Being
Depreciated 309,272,322 10,962,022 (1,223,683) 319,010,661 Less Accumulated Depreciation:

Buildings (27,227,735) (2,226,929) - (29,454,664) Improvements (15,401,842) (1,400,458) 58,026 (16,744,274) Machinery and Equipment (19,048,989) (1,479,022) 241,221 (20,286,790) Furniture and Fixtures (1,139,702) (116,120) - (1,255,822) Right-to-Use Subscription Asset (71,656) (213,174) - (284,830) Infrastructure - Road System (60,680,107) (3,049,377) 770,207 (62,959,277) Infrastructure - Storm Drain System (2,957,666) (185,896) (3,143,562) Tot
al Accumulated Depreciation (126,527,697) (8,670,976) 1,069,454 (134,129,219) Total Capital Assets Being
Depreciated, Net 182,744,625 2,291,046 (154,229) 184,881,442 Governmental Activities, Capital Assets, Net 248,277,886$ 16,274,185$ (8,693,944)$ 255,858,127$ General Government 818,442$
Leisure 818,442
Transportation 4,665,119
Public Protection 1,800,572
Development 81,844
Internal Service Fund Depreciation 486,557
8,670,976$
51 City of Buena Park
Notes to Financial Statements
Year Ended June 30, 2024

5) CAPITAL ASSETS – Continued

Depreciation expense was charged to the following programs for business-type activities in the Statement of Activities:

Beginning Ending
Business Type Activities: Balance Increases Decreases Balance Capital Assets, Not Being Depreciated:

Land 2,500$ -$ -$ 2,500$ Construction in Progress 1,402,434 2,099,925 (2,892,341) 610,018 Total Capital Assets, Not
Being Depreciated 1,404,934 2,099,925 (2,892,341) 612,518 Capital Assets Being Depreciated:

Buildings 92,578 - - 92,578 Improvements 2,843,075 - - 2,843,075 Pumps and reservioirs 9,038,292 - - 9,038,292 Hydrants, meters, and connections 11,054,292 - - 11,054,292 Machinery and Equipment 1,821,828 131,382 - 1,953,210 Infrastructure - Wells 5,637,659 540,708 - 6,178,367 Infrastructure - Water and Sewer Lines 36,504,027 1,826,858 (187,437) 38,143,448 Total Capital Assets Being
Depreciated 66,991,751 2,498,948 (187,437) 69,303,262 Less Accumulated Depreciation:

Buildings (57,365) (1,956) (59,321) Improvements (671,938) (142,154) (814,092) Pumps and reservioirs (2,085,185) (367,016) (2,452,201) Hydrants, meters, and connections (4,765,786) (311,109) (5,076,895) Machinery and Equipment (1,457,902) (86,018) (1,543,920) Infrastructure - Wells (3,004,384) (143,513) (3,147,897) Infrastructure - Water and Sewer Lines (20,726,597) (734,348) 133,632 (21,327,313) Total Accumulated Depreciation (32,769,157) (1,786,114) 133,632 (34,421,639) Total Capital Assets Being
Depreciated, Net 34,222,594 712,834 (53,805) 34,881,623 Business Activities, Capital Assets, Net 35,627,528$ 2,812,759$ (2,946,146)$ 35,494,141$ Water Utility 1,786,114$
Total 1,786,114$
52 City of Buena Park
Notes to Financial Statements
Year Ended June 30, 2024

6) LONG-TERM LIABILITIES

Changes in long-term liabilities for governmental activities are as follows:

The liabilities for compensated absences, Net OPEB, and Net Pension are generally liquidated by the General Fund and internal service funds.

Claims Payable

Claims payable are typically paid from the Workers’ Compensation Self-Insurance Fund and the Public Liability Self-Insurance Fund. There is no fixed payment schedule for claims liabilities.

Software Subscription Liability

The City has entered into sub scription-based information technology arrangement (SBITA) with vendors for various City software systems. The systems are discounted at a rate of 2.36%. For the year ended June 30, 2024, the City reported a SBITA liability in the amount of $542,100. For the year ended June 30, 2024, there was a principal reduction of $207,593. As of June 30, 2024, the net SBITA right-to-use intangible asset was reported in the amount of $573,595. The future payments on the SBITA liability are as follows:

2021 Taxable Pension Obligation Bonds

On August 17, 2021, the City issued $96,385,000 of Pension Obli gation Bonds (Bonds) bearing interest rates of 2.045 to 3.000%, payable semi-annually on July 1 and January 1, maturing on July 1, 2043. The proceeds of the Bonds were used to refund all of the City’s obligations to the California Public Employee’s Retirement System (CalPERS) under the CalPERS contracts. A portion (4.24%) of the Bonds will be paid from the Water Enterprise fund and therefore, the outstanding balance in the Water Enterprise Fund is $3,657,701 at June 30, 2024. The following represents the future annual debt service requirements:

Beginning Ending Due in
Balance Additions Deletions Balance one year
Governmental Activities
Employee Leave Benefits, Net 3,262,351$ 230,473$ -$ 3,492,824$ 1,375,000$ Net OPEB Liability 4,901,702 - 899,240 4,002,462 558,706 Net Pension Liability 48,860,616 666,767 - 49,527,383 - Claims Payable 6,084,191 1,706,054 913,074 6,877,171 500,000 Software Subscription Liability 52,493 697,200 207,593 542,100 156,602 2021 Pension Obligation Bonds 87,366,034 - 4,663,735 82,702,299 4,678,100 PFA - 2017 Lease Revenue Bonds 8,200,000 445,000 7,755,000 465,000 Premium on Bonds 350,569 - 25,342 325,227 - Total Government Activities 159,077,956$ 3,300,494$ 7,153,984$ 155,224,466$ 7,733,408$ Fiscal Year Ending
June 30, Principal Interest Total
2025 156,602$ 3,696$ 160,298$
2026 158,200 7,555 165,755
2027 112,202 8,133 120,335
2028 115,096 11,256 126,352
Totals 542,100$ 30,640$ 572,740$
53 City of Buena Park
Notes to Financial Statements
Year Ended June 30, 2024

6) LONG-TERM LIABILITIES – Continued

Buena Park Public Financing Authority 2017 Lease Revenue Bonds (Fire Station Headquarters Project)

On March 23, 2017, the Buena Park Public Financing Authority (P FA) issued $9,785,000 of Lease Revenue Bonds (Bonds) bearing interest rates of 3.0 to 5.0%, payable semi-annually on November 1 and May 1, maturing on May 1, 2037. The proceeds of the Bonds were used to (i) fina nce a portion of the costs of acquisition, construction and improvement of a new City-owned Fire Station No. 61 to be located at 7440 La Palma Avenue in the City, in replacement for the former fire station located at 8081 Western Avenue in the City, as well the construction and installation of additional improvements to Fire Station No, 63 located at 9120 Holder Street in the City; (ii) fund capitalized interest on the Bonds through and including May 1, 2019; and (iii) pay costs of issuance of the Bonds. The outstanding principal balance of the 2017 Lease Revenue Bonds at June 30, 2024 was $7,755,000.

The following represents the future annual debt service requirements:

Fiscal Year Ending
Principal Interest Total
2025 4,885,000$ 1,769,795$ 6,654,795$
2026 4,915,000 1,733,488 6,648,488
2027 4,960,000 1,684,286 6,644,286
2028 5,015,000 1,622,655 6,637,655
2029 5,080,000 1,548,219 6,628,219
2030-2034 26,810,000 6,281,188 33,091,188
2035-2039 25,220,000 3,056,106 28,276,106
2040-2044 9,475,000 474,375 9,949,375
86,360,000$ 18,170,112$ 104,530,112$
Fiscal Year Ending
June 30, Principal Interest Total
2025 465,000$ 288,600$ 753,600$
2026 490,000 365,350 855,350
2027 515,000 240,850 755,850
2028 540,000 215,100 755,100
2029 560,000 193,500 753,500
2030-2034 3,080,000 696,713 3,776,713
2035-2037 2,105,000 156,742 2,261,742
Totals 7,755,000$ 2,156,855$ 9,911,855$
54 City of Buena Park
Notes to Financial Statements
Year Ended June 30, 2024

6) LONG-TERM LIABILITIES – Continued

Changes in long-term liabilities for business-type activities are as follows:

Loan Payable

In February 27, 2018, the City entered into an agreement with O range County Water D istrict (OCWD) to construct the Rosecrans Booster Pump Station, which is expected to allow the City to increase its groundwater utilization by approximately 3200 acre feet per year, and give the City the ability to meet 100% of its total water demands by pumping groundwater, which has been previously ident ified as a strategic planning goal of the City. As part of the agreement, OCWD agreed to loan the City up to an amount of $6,000,000 to be used for the project. As of June 30, 2024 the City has drawn $5,195,884 of the amount loaned. The loan is to be repaid over a twenty (20) year period in annual principal installments of $305,640. The loan does not accrue interest.

The future debt service requirements are as follows:

7) RISK MANAGEMENT

The City is exposed to various risks of loss related to its operation, including losses associated with errors and omissions, injuries to employees and members of the public. In the self-insurance internal service funds, the City has recorded liabilities in the amount of $6,877,171 for l awsuits and other claims arising in the ordinary course of City operations. The City is self-insured in both wor kers’ compensation and general liability for the first $500,000 per claim. The City maintains coverage in excess of this self-insured retention limit through the California Insurance Pool Authority (CIPA) for workers’ compens ation and general liability claims. CIPA is a public entity risk pool which operates a risk management and in surance program for 13 member cities within California, and is self-sustaining through member premiums.

Beginning Ending Due in
Balance Additions Deletions Balance one year
Business-type Activities
Employee Leave Benefits, Net 210,136$ 12,077$ -$ 222,213$ 80,000$ Net Pension Liability 2,469,918 367,199 - 2,837,117 - 2021 Pension Obligation Bonds 3,863,966 - 206,265 3,657,701 206,900 Loans from Direct Borrowings:

OCWD Loan Payable 4,584,604 - 305,640 4,278,964 305,640 Total Direct Borrowings 4,584,604 - 305,640 4,278,964 305,640 Total Business-type Activities 11,128,624$ 379,276$ 511,905$ 10,995,995$ 592,540$ Fiscal Year Ending
June 30, Principal Interest Total
2025 305,640$ - $ 305,640$
2026 305,640 - 305,640
2027 305,640 - 305,640
2028 305,641 - 305,641
2029 305,641 - 305,641
2030-2034 1,528,201 - 1,528,201 2035-2038 1,222,561 - 1,222,561 Totals 4,278,964$ - $ 4,278,964$
55 City of Buena Park
Notes to Financial Statements
Year Ended June 30, 2024

7) RISK MANAGEMENT - Continued

The City has entered into contracts with claims administrators to process claims against the City for workers’ compensation and general liability claims. Liabilities have been recorded for estimated losses from claims and judgments in the amount of $5,338,584 for workers’ compensation and $1,538,587 for general liability. Losses for claims incurred but not repo rted are recorded when the prob able amount of loss can be reasonably estimated.

In the past three years, no claims for general liability or wor kers’ compensation have exceeded the City’s purchased insurance coverage.

Changes in the claims and judgments payable amounts in the past three fiscal years for the Self-funded Insurance Fund are as follows:

8) EMPLOYEE RETIREMENT PLAN

General Information about the Pension Plans - Miscellaneous

Plan Descriptions: All qualified permanent and probationary employees are eligible to participate in the City’s separate Miscellaneous Plan, an agent multiple-employer defined benefit pension plan administered by the California Public Employees’ Retirement System (CalPERS), which acts as a common investment and administrative agent for its participating member employers. Benefit provisions under the plan are established by State statute and Local Government resolution. CalPERS issu es publicly available reports that include a full description of the pension plans regarding benefit provisi ons, assumptions and membership information that can be found on the CalPERS website.

Benefits Provided: The Plan is an agent multiple-employer defined benefit pension plan administered by the California Public Employees’ Retirement System (CalPERS). A ful l description of the pension plan regarding number of employees covered, benefit provisions, assumptions (for funding, but not accounting purposes), and membership information are listed in the plan’s June 30, 2022 A nnual Actuarial Valuation Report (funding valuation). Details of the benefits provided can be obtained in Appendix B of the actuarial valuation report. This report and CalPERS’ audited financial statements are publicly a vailable reports that can be obtained at CalPERS’ website.

Claims and
Year Ended Beginning Changes in Claim End
June 30, of Year Estimates Payments of Year
2024 6,084,191$ 1,706,054 $ 913,074 $ 6,877,171 $ 2023 7,230,637 98,203 1,244,649 6,084,191 2022 7,628,384 1,043,934 1,441,681 7,230,637 56 City of Buena Park
Notes to Financial Statements
Year Ended June 30, 2024

8) EMPLOYEE RETIREMENT PLAN – Continued

The Plans’ provisions that are in effect at June 30, 2024, are summarized as follows:

*New hires who are already enrolled in CalPERS are eligible for benefits under the Tier II, and other new hires are enrolled in the PEPRA rate plans.

Employees Covered: At June 30, 2024, the following number of employees were covered by the benefit terms for the Plan:

Contributions: Section 20814(c) of the California Public Employees’ Retirement Law (PERL) requires that the employer contribution rates for all public employers be determined on an annual basis by the actuary and shall be effective on the July 1 following notice of a change in the rate. The total plan contributions are determined through CalPERS’ annual actuarial valuation process. 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 liab ility. The employer is require d 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. It is the responsibility of the employer to make necessary accounting adjustments to reflect the impact due to any Employer-Paid Member Contributions or situations where members are paying a portion of the employer contribution.

Classic Tier II PEPRA
Prior to On or after On or after
Hire date January 1, 2013 January 1, 2013* January 1, 2013 Benefit formula 2.5% @ 55 2% @ 60 2% @ 62
Benefit vesting schedule 5 years service 5 years service 5 years s ervice Benefit payments monthly for life monthly for life monthly for lif e Retirement age 50 50 52
Monthly benefits, as a % of eligible compensation (1) (1) (1) Required employee contribution rates 8.00% 7.00% 6.75%
Required employer contribution rates 10.53% 10.53% 10.53% (1) - Depending on years of service
Miscellaneous Plan
Miscellaneous
Inactiv e employees or beneficiaries
currently receiv ing benfits 397
Inactiv e employees entitled to but not yet
receiv ing benefits 296
Activ e employees 182
57 City of Buena Park
Notes to Financial Statements
Year Ended June 30, 2024

8) EMPLOYEE RETIREMENT PLAN – Continued

Net Pension Liability
The City’s net pension liability for the Plan is measured as th e total pension liability, l ess the pension plan’s fiduciary net position. The net pension liability of the Plans is measured as of June 30, 2022, using an annual actuarial valuation as of June 30, 2022 rolled forward to June 30, 2023 using standard update procedures. A summary of principal assumptions and methods used to determine the net pension liability is shown below.

Actuarial Assumptions: The total pension liabilities in the June 30, 2022 actuarial valuations were determined using the following actuarial assumptions:

The mortality table used was developed based on CalPERS-specific data. The probabilities of mortality are based on the 2021 CalPERS Experience Study for the period from 2001 to 2019. Pre-retirement and Post-retirement mortality rates include generational mortality improvement using 80% of Scale MP-2020 published by the Society of Actuaries. For more details on this table, please refer to the CalPERS Experience Study and Review of Actuarial Assumptions report from November 2021 that can be found on the CalPERS website.

In determining the long-term expected rate of return, CalPERS took into account both short-term and long-term market return expectations as well as the expected pension fund cash flows. Using historical returns of all the funds’ asset classes, expected compound returns were calculated over the short-term (first 10 years) and the long-term (11-60 years) using a building-block approach. Using the expected nominal returns for both short- term and long-term, the present value of benefits was calculated for each fund. The expected rate of return was set by calculating the rounded single equivalent expected return that arrived at the same present value of benefits for cash flows as the one calculated using both short-term and long-term returns. The expected rate of return was then set equal to the single equivalent rate calcula ted above and adjusted to account for assumed administrative expenses. The expected real rates of return by asset class are as follows:

Miscellaneous
Valuation date June 30, 2022
Measurement date June 30, 2023
Actuarial cost method entry-age normal
Actuarial assumptions:

Discount rate 6.90%
Inflation 2.30%
Projected salary increase (1)
Inv estment rate of return 6.90%
Mortality (2)
Post Retirement Benefit Increase (3)
(1) Depending on age, service and type of employment
(2) Derived using CalPERS’ Membership Data for all Funds. (3) The lesser contract COLA or 2.3% until Purchasing Power Protection Allowance floor on purchasing power applies,

2.3% thereafter
58 City of Buena Park
Notes to Financial Statements
Year Ended June 30, 2024

8) EMPLOYEE RETIREMENT PLAN – Continued

Discount Rate - The discount rate used to measure the total pension liability f or PERF C was 6.90%. The projection of cash flows used to determine the discount rate assumed that contributions from plan members will be made at the current member co ntribution rates and that contr ibutions from employers will be made at statutorily required rates, actuarially determined. Based on those assumptions, the Plan’s fiduciary net position was projected to be available to make all projected future benefit payments of current plan members. Therefore, the long-term expected rate of return on plan investments was a pplied to all periods of projected benefit payments to determine the total pension liability.

Changes in Net Pension Liability
The changes in the Net Pension Liability for the Miscellaneous Plan are as follows:

Pension Plan Plan Fiduciary Net Pension
Liability Net Position Liability/(Asset)
Balance at June 30, 2022 162,950,809 $ 144,024,231 $ 18,926,578 $ Changes in the year:

Serv ice cost 2,300,436 - 2,300,436 Interest on the total pension liability 11,055,603 - 11,055,603 Changes of benefit terms 281,669 - 281,669 Differences between expected and actual experience 376,816 - 376,816 Contributions from the employer - 1,559,201 (1,559,201) Contributions from employees - 1,158,913 (1,158,913) Net inv estment income - 8,588,542 (8,588,542) Benefit payments, including refunds (9,066,745) (9,066,745) - Administrativ e/other expense - (105,909) 105,909 Net changes 4,947,779 2,134,002 2,813,777 Balance at June 30, 2023 167,898,588 $ 146,158,233 $ 21,740,355 $ Increase (Decrease)
59 City of Buena Park
Notes to Financial Statements
Year Ended June 30, 2024

8) EMPLOYEE RETIREMENT PLAN – Continued

Sensitivity of the Net Pension Liability to Changes in the Disc ount Rate: The following presents the net pension liability of the Plan as of the measurement date, calculated using the discount rate of 6.90 percent, as well as what the net pension liability would be if it were calc ulated using a discount rate that is 1 percentage- point lower (5.90 percent) or 1 percentage-point higher (7.90 percent) than the current rate:

Pension Plan Fiduciary Net Position: Detailed information about the pension plan’s fiduciary net position is available in the separately issued CalPERS financial reports.

Pension Expenses and Deferred Outflows/Inflows of Resources Related to Pensions For the year ended June 30, 2024, the City recognized pension e xpense of $6,977,336 for the Miscellaneous Plan. At June 30, 2024, the City reported deferred outflows an d deferred inflows for the Miscellaneous Plan from the following sources:

$1,659,638 reported as deferred outflows of resources related to contributions subsequent to the measurement date will be recognized as a reduction of the net pension liability in the year ended June 30, 2025. Other amounts reported as deferred outflows and deferred inflows related to pensions will be recognized as pension expense as follows:

Miscellaneous
1% Decrease 5.90%
Net Pension Liability 43,127,671$
Current Discount Rate 6.90%
Net Pension Liability 21,740,355$
1% Increase 7.90%
Net Pension Liability 4,068,879$
Deferred Outflows Deferred Inflows
of Resources of Resources
Pension contributions subsequent to measurement date 1,659,638$ - $ Differences between actual and expected experience 264,868 - Changes in assumptions 388,126 -
Net differences between projected and actual
earnings on plan investments 7,504,616 -
Total 9,817,248 $ - $
Miscellaneous
60 City of Buena Park
Notes to Financial Statements
Year Ended June 30, 2024

8) EMPLOYEE RETIREMENT PLAN – Continued

General Information about the Pension Plans – Safety

Plan Description - All qualified permanent and probationary employees are eligible to participate in the Public Agency Cost-sharing Multiple-employer Defined Benefit Pension P lan (Plan) administered by the California Public Employees’ Retirement System (CalPERS.) The Plan consists of individual rate plans (benefit tiers) within a safety risk pool (police and fire). Plan assets may b e used to pay benefits for any employer rate plan of the safety pool. Accordingly, rate plans within the safety pool are not separate plans under GASB Statement No. 68. Individual employers may sponsor more than one rate plan in the safety pool. The City sponsors five rate plans. Benefit provisions under the Plan are established by State statute and City resolution. CalPERS issues publicly available reports that include a full description of the pension plan regarding benefit provisions, assumptions and membership information that can be found on the CalPERS website.

Benefits Provided - The Plan is a cost-sharing multiple-employer defined benefit pension plan administered by the California Public Employees’ Retirement System (CalPERS). A full description of the pension plan benefit provisions, assumptions for funding purposes but not accounting purposes, and membership information is listed in the June 30, 2022 Annual Actuarial Valuation Report. Details of the benefits provided can be obtained in Appendix B of the June 30, 2022 actuarial valuation report. This report is a publicly available valuation report that can be obtained at CalPERS’ website under Forms and Publications. The rate plan provisions and benefits in effect at June 30, 2024, are summarized as follows:

Year Ending
June 30, Amount
2025 2,212,309$
2026 1,247,334
2027 4,474,130
2028 223,837
2029 -
Thereafter -
Classic Tier II PEPRA
Prior to On or after On or after
Hire date January 1, 2013 January 1, 2013* January 1, 2013* Benefit formula 3% @ 50 2.0% @ 50 2.7% @ 55
Benefit vesting schedule 5 years service 5 years service 5 years s ervice Benefit payments monthly for life monthly for life monthly for lif e Retirement age 50 - 55 50 50
Monthly benefits, as a % of eligible compensation (1) (1) (1) Required employee contribution rates 9% 9% 14.50%
Required employer contribution rates 29.09% 21.78% 14.50% (1) - Depending on years of service
Safety
61 City of Buena Park
Notes to Financial Statements
Year Ended June 30, 2024

8) EMPLOYEE RETIREMENT PLAN – Continued

Contributions - Section 20814(c) of the California Public Employees’ Retirem ent Law requires that the employer contribution rates for all public employers be determined on an annual basis by the actuary and shall be effective on the July 1 following notice of a change in the rate. Funding contributions for the Plans are determined annually on an actuarial basis as of June 30 by CalP ERS. The actuarially determined rate is the estimated amount necessary to fi nance the costs of benefits ear ned by employees during the year, with an additional amount to finance any unfunded accrued liability. T he City is required to contribute the difference between the actuarially determined rate and the contribution rate of employees.

Pension Liabilities, Pension Expenses and Deferred Outflows/Inflows of Resources Related to Pensions

As of June 30, 2024, the City reported a liability of $30,624,1 45 for its proportionate s hare of the net pension liability. The City’s net pension liability for the Plan is measured as the proportionate share of the net pension liability. The net pension liability of the Plan is measured as of June 30, 2023, and the total pension liability for the Plan used to calculate the net pension liability was determined by an actuarial valuation as of June 30, 2022 rolled forward to June 30, 2023 using standard update procedure s. The City’s proportion of the net pension liability was based on a projection of the City’s long-term share of contributions to the pension plan relative to the projected contributions of all participating employers, actuarially determined.

The City’s proportionate share of the Plan’s net pension liability as of June 30, 2022 and 2023 was as follows:

For the year ended June 30, 2024, the City recognized pension expense of $4,367,874. At June 30, 2024, the City reported deferred outflows of resources and deferred inflo ws of resources related to the Safety pension plan from the following sources:

Proportion - June 30, 2022 (measurement period) 0.47156% Proportion - June 30, 2023 (measurement period) 0.40969% Change - Increase (Decrease) -0.06187%
Deferred Outflows Deferred Inflows
of Resources of Resources
Pension contributions subsequent to measurement date 2,550,672$ - $ Differences between actual and expected experience 2,248,377 192,485 Changes in assumptions 1,787,266 -
Change in employer's proportion and differences - 37,605,471 Differences between the employer's contributions and
the employer's proportionate share of contributions 26,213,781 5,906,314 Net differences between projected and actual
earnings on plan investments 4,190,906 -
Total 36,991,002 $ 43,704,270 $
62 City of Buena Park
Notes to Financial Statements
Year Ended June 30, 2024

8) EMPLOYEE RETIREMENT PLAN – Continued

The $2,550,672 reported as deferred outflows of resources relat ed to contributions subsequent to the measurement date will be recognized as a reduction of the net pension liability in the year ended June 30, 2025.

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

Actuarial Assumptions - The total pension liabilities in the June 30, 2022 actuarial valuations were determined using the following actuarial assumptions:

Long-term Expected Rate of Return - The long-term expected rate of return on pension plan investments was determined using a building-block method in which best-estimate ranges of expected future real rates of return (expected returns, net of pension plan investment expense and inflation) are developed for each major asset class. In determining the long-term expected rate of return, C alPERS took into account both short-term and long-term market return expectations as well as the expected pension fund cash flows. Using historical returns of all the funds’ asset classes, expected compound returns were calculated over the short-term (first 10 years) and the long-term (11-60 years) using a building-block approach. Using the expected nominal returns for both

Year Ending
June 30, Amount
2025 (5,803,847)$
2026 (4,547,034)
2027 969,964
2028 116,977
2029 -
Thereafter -
Safety
Valuation date June 30, 2022
Measurement date June 30, 2023
Actuarial cost method entry-age normal
Actuarial assumptions:

Discount rate 6.90%
Inflation 2.30%
Projected salary increase (1)
Inv estment rate of return 6.90%
Mortality (2)
Post Retirement Benefit Increase (3)
(1) Depending on age, service and type of employment (2) Derive d using CalPERS's Membership Data for all funds (3) The lesser contract COLA 2.3% until Purchasing Power Protection Allowance floor on purchasing power applies, 2.3% thereafter.
63 City of Buena Park
Notes to Financial Statements
Year Ended June 30, 2024

8) EMPLOYEE RETIREMENT PLAN – Continued

short-term and long-term, the present value of benefits was calculated for each fund. The expected rate of return was set by calculating the rounded single equivalent exp ected return that arrived at the same present value of benefits for cash flows as the one calculated using both short-term and long-term returns. The expected rate of return was then set equal to the single equivalent rate calculated above and adjusted to account for assumed administrative expenses. The expected real rates of return by asset class are as follows:

Sensitivity of the Proportionate Share of the Net Pension Liabi lity to Changes in the Discount Rate – The following presents the City’s proportionate share of the ne t pension liability for the Plan, calculated using the discount rate for the Plan, a s well as what the City’s proportionate share of the net pension liability would be if it were calculated using a discount rate that is 1-percentage point lower or 1-percentage point higher than the current rate:

New Strategic
Asset Class Allocation Real Return (1,2)
Global Equity - Cap Weighted 30% 4.54%
Global Equity - Non-Cap Weighted 12% 3.84%
Private Equity 13% 7.28%
Treasury 5% 0.27%
Mortgage-backed Securities 5% 0.50%
Investment Grade Corporates 10% 1.56%
High Yield 5% 2.27%
Emerging Market Debt 5% 2.48%
Private Debt 5% 3.57%
Real Assets 15% 3.21%
Leverage -5% -0.59%
(1) An expected inflation of 2.3% used for this period. (2) Figures are based on the 2021 Asset Liability Management st udy. 1% Decrease 5.90%
Net Pension Liability 67,930,093$
Current Discount Rate 6.90%
Net Pension Liability 30,624,145$
1% Increase 7.90%
Net Pension Liability 123,878$
64 City of Buena Park
Notes to Financial Statements
Year Ended June 30, 2024

8) EMPLOYEE RETIREMENT PLAN – Continued

Pension Plan Fiduciary Net Position - Detailed information about the Plan’s fiduciary net position is available in the separately issued CalPERS financial reports.

Payable to the Pension Plan - At June 30, 2024, the City reported no payables to the pension plan, for outstanding contributions required for the year ended June 30, 2024.

9) OTHER POST EMPLOYMENT BENEFITS

General Information About the OPEB Plan

Plan Description - The City provides post-employment medical benefits to retiree s through the California Public Employees’ Retirement System California Employer’s Retiree Benefit Trust Fund (the PERS CERBT fund). The program is an agent multiple-employer defined benefit health care plan that provides health care insurance for eligible retirees. These benefits are available t o employees who retire with the City at age 50 to 52 or older with at least 5 years of CalPERS service or those w ho satisfy certain disability requirements. The City pays monthly medical premiums ranging from $136 to $420 fo r each employees depending upon which group the employee belongs to and the number of individual covered by the policy. The Plan does not provide a publicly available financial report.

Employees Covered by Benefit Terms - As of the June 30, 2023 actuarial valuation, the following current and former employees were covered by the benefit terms under the Plan:

Contributions - The contribution requirements of plan members and the City ar e established and may be amended by the City, City Council, and/or the employee associations. Currently, contributions are not required from the plan members. For the measurement period 2023-24, the City contributed $558,706, including $458,706 in benefit payments and a $100,000 deposit to CERBT.

CERBT is a tax qualified irrevocable trust, organized under Internal Revenue Code (IRC) Section 115, established to prefund OPEB. The CERBT issues a publicly availa ble financial report that included financial statements and required supplementary information for the City, not individualizing, but in aggregate with the other CERBT participants. That report may be obtained by contacting CalPERS.

Net OPEB Liability - The City’s net OPEB liability was measured as of June 30, 2023 and the total OPEB liability used to calculate the net OPEB liability was determined by an actuarial valuation dated June 30, 2023, based on the following actuarial methods and assumptions:

Retirees or spouses of retirees currently receiving benefits 169 Activ e employees 264
Total 433
Valuation Date June 30, 2023
Actuarial Cost Method Entry Age Actuarial Cost
Mortality 2021 CalPERS Mortality
Health Care Trend Rate 4.00%
Inflation Rate 2.50%
Salary Changes 2.75%
Discount Rate 6.75%
65 City of Buena Park
Notes to Financial Statements
Year Ended June 30, 2024

9) OTHER POST EMPLOYMENT BENEFITS – Continued

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 r ates of return by the target asset allocation percentage and by adding expected inflation. The target allocat ion and best estimates of arithmetic real rates of return for each major asset class are summarized in the table below:

Discount Rate - The discount rate used to measure the total OPEB liability was 6.75 percent. The projection of cash flows used to determine the discount rate assumed that City contributions will be 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.

Changes in the Net OPEB Liability

Sensitivity of the Net OPEB Liability to changes in the Discoun t Rate - The following presents the net OPEB liability of the City if it were calculated using a discou nt rate that is 1-perc entage-point lower or 1- percentage-point higher than the current discount rate:

Target Assumed
Asset Class Allocation Gross Return
All Equities 59% 7.545%
All Fixed Income 25% 4.250%
Real Estate Investment Trusts 8% 7.250%
All Commodities 3% 7.545%
Treasury Inflation Protected Securities (TIPS) 5% 3.000% Total 100.00%
Total OPEB Plan Fiduciary Net OPEB
Liability (TOL) Net Position Liability/(Asset)
Balance at June 30, 2023 (2022 Measurement Date) 7,604,098$ 2,702,396$ 4,901,702$ Changes in the year:

Service cost 151,519 - 151,519 Interest on the total OPEB liab ility 500,734 - 500,734 Employer contributions - 751,337 (751,337) Actual investment income - 174,154 (174,154) Differences between expected and actual experience 128,171 - 128,171 Changes of assumptions 72,101 - 72,101 Experience Gains/(Losses) (827,060) - (827,060) Benefit payments, including refunds (651,337) (651,337) - Other - (786) 786 Net changes (625,872) 273,368 (899,240) Balance at June 30, 2024 (2023 Measurement Date) 6,978,226$ 2,975,764$ 4,002,462$ Increase (Decrease)
66 City of Buena Park
Notes to Financial Statements
Year Ended June 30, 2024

9) OTHER POST EMPLOYMENT BENEFITS – Continued

Sensitivity of the Net OPEB Liab ility to changes in the Healthc are Cost Trend Rates - The following presents the net OPEB liability of the District, as well as wha t the District’s Net OPEB would be if it were calculated using a healthcare cost trend rate that is 1-percentage-point lower or 1-percentage-point higher than the current healthcare cost trend rate:

OPEB Expense and Recognition of Deferred Outflows/Inflows of Resources Related to OPEB

Gains and losses related to changes in total OPEB liability and fiduciary net position are recognized in OPEB expense systematically over time. Amounts are first recognized in OPEB expense for the year the gain or loss occurs. The remaining amounts are categorized as deferred outflows and deferred inflows of resources related to OPEB and are to be recognized in future OPEB expense.

OPEB Expense and Deferred Outflows/Inflows of Resources Related to OPEB

For the year ended June 30, 2024, the City recognized OPEB expense of $461,813. The City reported deferred outflows of resources and deferred inflows of resources related to OPEB from the following sources:

The $558,706 reported as deferred outflows of resources related to contributions subsequent to the June 30, 2023 measurement date will be recognized as a reduction of the net OPEB liability during the fiscal year ended June 30, 2025. Other amounts reported as deferred outflows of resources related to OPEB will be recognized as expense as follows:

Discount Rate Valuation Discount Rate
1% Lower Discount Rate 1% Higher
Net OPEB liability (asset) 4,867,899$ 4,002,462 $ 3,293,661 $ Current
Healthcare Cost
1% Decrease Trend Rate 1% Increase
Net OPEB liability (asset) 3,385,910$ 4,002,462$ 4,786,538$ Deferred Deferred
Outflows Inflows
OPEB Contributions Subsequent to the Measurement Date 558,706$ - $ Changes of Assumptions 279,347 -
Differences between expected
and actual experience 169,202 814,595
Net differences between projected and actual
earnings on plan investments 204,101 -
Total 1,211,356 $ 814,595 $
67 City of Buena Park
Notes to Financial Statements
Year Ended June 30, 2024

9) OTHER POST EMPLOYMENT BENEFITS – Continued

10) CLASSIFICATION OF FUND BALANCES

The City’s governmental fund balances at June 30, 2024, are presented below:

Year Ending
June 30, Amount
2025 (9,205)$
2026 (24,469)
2027 68,228
2028 (47,957)
2029 (30,689)
Thereafter (117,853)
Other
General Housing Park Governmental
Fund Successor In-Lieu Funds Total
Nonspendable:

Prepaid Items 38,432 $ - $ - $ - $ 38,432$ Inventory 74,952 - - - 74,952 Property Held for Resale 24,416,185 - - - 24, 416,185 Restricted for:

Low/Mod Housing - 26, 226,736 - 9, 418,565 35, 645,301 Public Protection - - - 1, 107,444 1, 107,444 Environmental - - - 382,638 382,638 Transportation - - - 11, 177,441 11, 177,441 Pension 2,228,096 - - - 2, 228,096 Debt Service 5,532,493 - - - 5, 532,493 Development - - - - - Assigned:

Economic Development 8,528,226 - - - 8, 528,226 Unassigned 53,754,979 - (2,409, 591) ( 324,065) 51, 021,323 Total Fund Balances 94,573,363 $ 26,226,736 $ (2,409, 591)$ 21,762,023 $ 140,152,531$ 68 City of Buena Park
Notes to Financial Statements
Year Ended June 30, 2024

11) DEFICIT FUND BALANCES

The City’s nonmajor funds and internal service funds report the following deficits in fund balance/net position.

The deficits in the special revenue and capital project funds will be reduced with when future revenues are received.

12) SUCCESSOR AGENCY ACTIVITIES

Changes in long-term liabilities for the Successor Agency are as follows:

2019 Tax Allocation Refunding Bonds, Series A and B

On October 23, 2019, the Successor Agency to the Redevelopment Agency of the City of Buena Park (Agency) issued $39,840,000 of Tax Allocation Refunding Bonds, Series A (Series A Bonds) and $10,715,000 of Tax Allocation Refunding Bonds, Series B (Series B Bonds) to provide funds for a current refunding of the 2003 Tax Allocation Bonds and the 2008 Tax Allocation Bonds, Series A, and to advance refund the 2008 Tax Allocation Bond Series B that were previously issued by the now dissolved Redevelopment Agency of the City of Buena Park. The Series A Bonds were issued at a premium of $8,233,737 . This premium is being amortized on a straight-line basis as interest expense through 2036.

The Series A and Series B Bonds are special obligations of the Agency secured by tax increment revenues.

The Bonds are payable in annual installments through maturity on September 1, 2035 and September 1, 2023 respectively. Interest is payable semiannually on March 1 and September 1, with rates ranging from 1.828% to

5.000% per annum. The future debt service requirements for the bonds are as follows:

Special Revenue Funds:

State OCATT 15,081 $
Capital Project Funds:

City Capital Projects 308,384
Internal Service Funds:

Workers' Compensation Insurance 604,151
Public Liability Insurance 15,429
Beginning Ending Due in
Balance Additions Retirements Balance one year
Fiduciary Fund Long-term Debt
2019 Tax Allocation Bonds, Series A 34,130,000$ -$ 1,935,000$ 32,195,000$ 2,580,000$ 2019 Tax Allocation Bonds, Series B 2,740,000 - 2,740,000 - - Unamortized Premium 7,027,182 - 457,430 6,569,752 - Total Fiduciary Fund Debt 43,897,182$ -$ 5,132,430$ 38,764,752$ 2,580,000$ 69 City of Buena Park
Notes to Financial Statements
Year Ended June 30, 2024

12) SUCCESSOR AGENCY ACTIVITIES - Continued

13) COMMITMENTS AND CONTINGENCIES

The City has been named as a defendant in certain other claims and litigation matters. In the opinion of City management, the outcome of such litigation is not expected to result in a material adverse effect to the financial condition of the City beyond that accrued in the City’s Self-funded Insurance Fund.

The City has received state and federal funds for specific purposes that are subject to review and audit by the grantor agencies. Although such audits could generate expendit ure disallowances under the terms of the grants, it is believed that any required reimbursements will not be material.

The City entered into a Settlement Agreement with the Orange Co unty Transportation Authority ("OCTA"), following an agreed-upon procedures review of the City’s FY 202 2-23 Measure M2 Local Fair Share (LFS) expenditures. Under the terms of the agreement, OCTA will withhold LFS and Senior Mobility Program (SMP) revenues for a period of five years. During this period, the Ci ty will comply with specific terms under the agreement, whereupon the withheld funds will be released to the City.

Construction commitments at year-end were approximately $4,934,796.

14) LEASES

Lease Receivable - In prior fiscal years, the City entered into various land lease agreements with third parties to lease pieces of land owned by the City. The initial lease terms ranged from 10 to 50 years. The City currently receives monthly payments from all leases of $8,695. The City recognized $99,776 in lease revenue and $4,564 in interest revenue during the current fiscal year related to the various leases. As of June 30, 2024, the City’s receivable for lease payments was $1,561,885. Also, the City has a deferred inflow of resources associated with the leases that will be recognized as revenue over the lease terms. As of June 30, 2024, the balance of the deferred inflow of resources was $1,561,885.

Fiscal Year Ending
June 30, Principal Interest Total
2025 2,580,000$ 1,454,400$ 4,034,400$
2026 2,370,000 1,343,550 3,713,550
2027 2,485,000 1,222,175 3,707,175
2028 2,610,000 1,094,800 3,704,800
2029 2,740,000 961,050 3,701,050
2030-2034 14,260,000 2,684,225 16,944,225
2035-2036 5,150,000 199,000 5,349,000
Totals 32,195,000$ 8,959,200$ 41,154,200$
2019 Series A Tax Allocation Refunding Bonds
70 City of Buena Park
Notes to Financial Statements
Year Ended June 30, 2024

15) CHANGES WITHIN THE FINANCIAL REPORTING ENTITY

During the year, the following changes within the financial reporting entity occurred as the result of a previously reported nonmajor fund now reported as a major fund due to the quantitative factors:

Newly major
Governmental
Fund Other
Park Governmental
In-Lieu Funds
Net position or fund balances, Beginning
of Year, As previously reported -$ 3,110,492$ Change within the reporting entity 3,110,492 (3,110,492) Net position or fund balances, Beginning
of Year, As restated 3,110,492$ -$
Reporting Units Affected by Adjustments to
and Restatements of Beginning Balances
71 REQUIRED SUPPLEMENTARY INFORMATION
Variance with
Final Budget
Actual Positive
Original Final Amounts (Negative)

REVENUES
Taxes 71,770,800 $ 71,770,800 $ 80,585,406 $ 8,814,606 $ Licenses and Permits 1,399,320 1,399,320 1,331,942 (67,378) Fines and Forfeitures 1,119,000 1,119,000 1,157,006 38,006 Intergovernmental 4,572,980 4,960,675 3,761,897 (1,198,778) Charges for Services 8,816,710 8,816,710 9,890,532 1,073,822 Investment Income 779,700 779,700 2,934,953 2,155,253 Miscellaneous 453,020 573,020 715,301 142,281 Total Revenues 88,911,530 89,419,225 100,377,037 10,957,812

EXPENDITURES
Current:

General Government
City Council 390,110 415,425 388,378 27,047 City Manager 979,290 1,039,290 1,013,820 25,470 Community Support Services 716,050 731,050 726,924 4,126 City Attorney 307,020 307,020 376,897 (69,877) City Clerk 647,130 676,642 637,868 38,774 Internal Support Services 1,357,910 1,429,228 1,295,714 133,514 Finance 1,040,580 1,040,580 1,004,094 36,486 Public Works 1,896,430 1,948,517 1,653,361 295,156 Non-Departmental 1,755,660 1,760,660 1,028,990 731,670 Total General Government 9,090,180 9,348,412 8,126,046 1,222,366 Leisure:

Recreation and Administration 4,001,490 4,012,163 4,301,887 (289,724) Health:

Navigation Center 3,589,940 3,590,163 3,182,163 408,000 Public Works 4,571,200 4,577,600 4,537,862 39,738 Total Health 8,161,140 8,167,763 7,720,025 447,738
Transportation:

Public Works 5,584,150 5,699,149 4,937,098 762,051 Total Transportation 5,584,150 5,699,149 4,937,098 762,051 Public Protection:

Community Development Services 664,720 723,984 730,074 (6,090) Fire Department 14,913,260 14,913,260 14,913,703 (443) Police Department 29,352,790 29,842,027 28,960,474 881,553 Total Public Protection 44,930,770 45,479,271 44,604,251 875,020 City of Buena Park
Schedule of Revenues, Expenditures, and Changes in Fund Balances Budget and Actual - General Fund
Year Ended June 30, 2024
Budgeted Amounts
72 Variance with
Final Budget
Actual Positive
Original Final Amounts (Negative)
Development:

Community Development Services 3,318,830$ 4,509,899 $ 3,213,655 $ 1,296,244 $ Environmental:

Recreation, Parks, and Comm. Svcs. 4,306,350 4,362,769 4,360,431 2,338 Capital Outlay 216,070 3,199,444 1,445,430 1,754,014 Debt Service:

Principal Retirement 5,108,735 5,108,735 5,108,735 - Interest and Other Charges 1,790,945 1,807,186 2,027,183 (219,997) Total Expenditures 86,508,660 91,694,791 85,844,741 5,850,050 Excess (Deficiency) of Revenues
over Expenditures 2,402,870 (2,275,566) 14,532,296 16,807,862

OTHER FINANCING SOURCES (USES)
Transfers In 397,670 1,307,833 119,383 (1,188,450) Transfers Out (3,722,580) (8,730,822) (8,407,032) 323,790 Issuance of Debt - - 697,200 697,200 Total Other Financing Sources (Uses) (3,324,910) (7,422,989) (7,590,449) (167,460) Net Change in Fund Balances (922,040) (9,698,555) 6,941,847 16,640,402 Fund Balances, Beginning 87,631,516 87,631,516 87,631,516 - Fund Balances, Ending 86,709,476 $ 77,932,961 $ 94,573,363 $ 16,640,402 $ City of Buena Park
Schedule of Revenues, Expenditures, and Changes in Fund Balances Budget and Actual - General Fund - Continued
Year Ended June 30, 2024
Budgeted Amounts
73 Variance with
Final Budget
Actual Positive
Original Final Amounts (Negative)

REVENUES
Charges for Services - $ - $ 470,978$ 470,978 $ Investment Income - - 142,212 142,212 Total Revenues - - 613,190 613,190

EXPENDITURES
Current:

Development 599,800 599,800 297,104 302,696 Total Expenditures 599,800 599,800 297,104 302,696
Excess (Deficiency) of Revenues
over Expenditures (599,800) (599,800) 316,086 915,886

OTHER FINANCING SOURCES (USES)
Transfers In - - - - Transfers Out (250,000) - - - Total Other Financing Sources (Uses) (250,000) - - - Net Change in Fund Balance (849,800) (599,800) 316,086 915,886 Fund Balance, Beginning 25,910,650 25,910,650 25,910,650 - Fund Balance, Ending 25,060,850$ 25,310,850$ 26,226,736$ 915,886$ City of Buena Park
Schedule of Revenues, Expenditures, and Changes in Fund Balance Budget and Actual - Housing Successor Special Revenue Fund Year Ended June 30, 2024
Budgeted Amounts
74 City of Buena Park
Notes to Required Supplementary Information
Year Ended June 30, 2024

BUDGETS AND BUDGETARY ACCOUNTING

Annual budgets are adopted on a basis consistent with accounting principles generally accepted in the United States of America for governmental funds. The City’s budget ordinance requires that in June of each year the City Manager to the City Council for the fiscal year commencing the following July 1. As modified during public study sessions, the preliminary budget becomes the proposed budget. Following public hearings on the proposed budget, the final annual budget is adopted by the City Council in June of the fiscal yea r. After adoption of the final budget, transfers of appropriations within the general fund departments may be done by the City Manager. Budget transfers within a department/fund may be done by department heads. Budget modifications between funds and increases or decreases to a fund’s overall budget must be approved by the City Council . Numerous properly authorized amendments are made during the fiscal year.

Budgetary control is enhanced by integrating the budget into the general ledger accounts. Encumbrance accounting (e.g. purchase orders) is employed by the City.

75 City of Buena Park
Required Supplementary Information
Year Ended June 30, 2024
Schedule of Changes in the Net Pension
Liability and Related Ratios
Agent Multiple-employer Plan - Miscellaneous
Total Pension Liability 2023 2022 2021 2020
Service cost 2,300,436 $ 2,234,738 $ 2,154,848 $ 2,196,854 $ Interest on total pension liability 11,055,603 10,730,177 10,487,791 10,165,401 Changes in assumptions - 4,269,390 - - Changes of benefit terms 281,669 - - - Differences between expected and actual experience 376,816 495,639 364,241 (1,945,520) Benefit payments, including refunds (9,066,745) (8,813,099) (8,427,293) (7,965,791) Net change in total pension liability 4,947,779 8,916,845 4,579,587 2,450,944 Total pension liability - beginning 162,950,809 154,033,964 149,454,377 147,003,433 Total pension liability - ending (a) 167,898,588 $ 162,950,809 $ 154,033,964 $ 149,454,377 $ Plan Fiduciary Net Position
Contributions - employer 1,559,201 $ 35,856,980 $ 4,448,078 $ 4,195,356 $ Contributions - employee 1,158,913 965,501 972,705 1,103,870 Net investment income 8,588,542 (11,490,612) 23,961,580 5,166,628 Benefit payments (9,066,745) (8,813,099) (8,427,293) (7,965,791) Administrative/Other Expense (105,909) (79,478) (106,623) (147,155) Net change in plan fiduciary net position 2,134,002 16,439,292 20,848,447 2,352,908 Plan fiduciary net position - beginning 144,024,231 127,584,939 106,736,492 104,383,584 Plan fiduciary net position - ending (b) 146,158,233 $ 144,024,231 $ 127,584,939 $ 106,736,492 $ Net pension liability - ending (a) - (b) 21,740,355 $ 18,926,578 $ 26,449,025 $ 42,717,885$ Plan fiduciary
net position as a percentage
of the total pension liability 87.05% 88.39% 82.83% 71.42% Covered payroll 15,199,900$ 15,051,613$ 14,578,447$ 13,479,498$ Net pension liability as percentage of
covered payroll 143.03% 125.74% 181.43% 316.91%
Notes to Schedule of Changes in Net Pension Liability and Related Ratios:

Measurement Period
Benefit Changes: The figures above do not include any liability impact that may have resulted from plan changes which occurred after the June 30, 2018 valuation date. This applies to voluntary benefit changes as well as any offers of Two Years Additional Service Credit (a.k.a. Golden Handshakes).

Changes in Assumptions: In 2022, the accounting discount rate changed from 7.15 percent to 6.90 percent. In 2017, the accounting discount rate reduced from 7.65 percent to 7.15 percent. In 2016, there were no changes. In 2015, amounts reported reflected an adjustment of the discount rate from 7.5 percent (net of administrative expense) to 7.65 percent (without a reduction for pension plan administrative expense.) In 2014, amounts reported were based on the 7.5 percent discount rate.
76 2019 2018 2017 2016 2015 2014
2,213,426$ 2,236,898$ 2,148,370$ 1,992,348$ 2,394,505$ 2,495,555$ 9,994,688 9,602,276 9,338,442 9,259,401 10,402,942 9,879,182 - (529,198) 7,411,183 - (2,726,343) - - (529,198) 7,411,183 - (2,726,343) - 1,316,775 124,877 (2,072,201) (1,430,631) 1,323,162 - (7,767,642) (7,544,209) (7,329,296) (6,868,870) (7,001,597) (6,313,012) 5,757,247 3,361,446 16,907,681 2,952,248 1,666,326 6,061,725 141,246,186 137,355,542 127,859,044 124,906,796 139,692,888 133,631,163 147,003,433$ 140,716,988$ 144,766,725$ 127,859,044$ 141,359,214$ 139,692,888$ 3,589,027$ 3,184,075$ 2,959,042$ 2,571,401$ 2,006,400$ 3,816,628$ 976,043 990,815 997,916 964,624 951,393 896,539 6,561,383 8,127,473 9,957,029 452,819 2,115,027 14,795,183 (7,767,642) (7,544,209) (7,329,296) (6,868,870) (6,786,470) (6,313,012) (56,876) (437,349) (133,336) (56,829) (104,951) - 3,301,935 4,320,805 6,451,355 (2,936,855) (1,818,601) 13,195,338 101,081,649 96,760,844 90,309,489 93,246,344 95,064,945 85,979,077 104,383,584$ 101,081,649$ 96,760,844$ 90,309,489$ 93,246,344$ 99,174,415$ 42,619,849$ 39,635,339$ 48,005,881$ 37,549,555$ 48,112,870$ 40,518,473$

71.01% 71.83% 66.84% 70.63% 65.96% 70.99%
14,823,350$ 14,391,602$ 12,895,891$ 12,045,152$ 11,636,737$ 8,870,562$ 287.52% 275.41% 372.26% 311.74% 413.46% 456.77%
Measurement Period
77 City of Buena Park
Required Supplementary Information
Year Ended June 30, 2024

Defined Benefit Cost Sharing Multiple-Employer Plan - Safety

Notes to the Schedule of the City’s Proportionate Share of the Net Pension Liability

Benefit Changes: None

Changes in Assumptions: In 2022, the accounting discount rate changed from 7.15% to 6.9 0%. In 2017, the accounting discount rate changed from 7.65% to 7.15%.

Proportionate Plan Fiduciary
Proportion of Proportionate Share of the Net Net Position as the Net Pension Share of Net Cov ered Pension Liability a % of the Total Measurement Date Liability Pension Liability Payroll as a % of Payr oll Pension Liability 2023 0.40969% 30,624,145 $ 11,177,135 $ 273.99% 88.74% 2022 0.47156% 32,403,956 11,766,132 275.40% 87.79% 2021 1.03986% 56,238,642 11,253,447 499.75% 77.75% 2020 0.73669% 80,155,166 10,315,557 777.03% 67.45% 2019 0.72284% 74,069,585 8,760,412 845.50% 69.60% 2018 0.71541% 68,938,674 8,505,254 810.54% 75.26% 2017 0.68500% 67,933,536 9,280,685 731.99% 73.31% 2016 0.68943% 59,657,145 8,412,906 709.11% 74.06% 2015 0.67629% 46,420,099 8,024,373 578.49% 78.40% 2014 0.64148% 38,926,454 8,881,515 438.29% 79.82% Schedule of the City's Proportionate Share of the Net Pension L iability Las t 10 Years
78 City of Buena Park
Required Supplementary Information
Year Ended June 30, 2024

Schedule of Contributions – Last 10 Years
Agent Multiple-employer Plan – Miscellaneous Plan

Schedule of Contributions – Last 10 Years
Cost-Sharing Plan – Safety Plan

Contributions in
Relation to the Contributions
Contractually Actuarially Contribution as a % of
Required Determined Deficiency/ Covered Covered
Fiscal Year Contributions Contributions (Excess) Payroll Payroll 2024 1,659,638$ (1,659,638) $ - $ 15,761,042$ 10.53% 2023 1,542,364 (1,542,364) - 15,199,900 10.15% 2022 4,591,817 (35,873,817) (31,282,000) 15,051,613 30.51% 2021 4,448,078 (4,448,078) - 14,578,447 30.51% 2020 4,193,814 (4,193,814) - 13,479,498 31.11% 2019 3,587,318 (3,587,318) - 14,823,350 24.20% 2018 3,184,856 (3,184,856) - 14,391,602 22.13% 2017 2,853,983 (2,853,983) - 12,895,891 22.13% 2016 2,571,401 (2,571,401) - 12,045,152 21.35% 2015 2,006,400 (2,006,400) - 11,636,737 17.24% Contributions in
Relation to the Contributions
Contractually Contractually Contribution as a % of
Required Required Deficiency/ Covered Covered
Fiscal Year Contributions Contributions (Excess) Payroll Payroll 2024 2,550,672$ (2,550,672) $ - $ 11,731,432$ 21.74% 2023 2,460,652 (2,460,652) - 11,177,135 22.02% 2022 8,016,447 (72,610,947) (64,594,500) 11,766,132 68.13% 2021 7,149,910 (7,149,910) - 11,253,447 63.54% 2020 6,501,781 (6,501,781) - 10,315,557 63.03% 2019 5,512,848 (5,512,848) - 8,760,412 62.93% 2018 4,735,608 (4,735,608) - 8,505,254 55.68% 2017 4,131,562 (4,131,562) - 9,280,685 44.52% 2016 3,615,462 (3,615,462) - 8,412,906 42.98% 2015 2,299,785 (2,299,785) - 8,024,373 28.66% 79 City of Buena Park
Required Supplementary Informamtion
Year Ended June 30, 2024
2023 2022 2021
Total OPEB Liability
Service cost 151,519$ 147,464$ 121,354$ Interest on total OPEB liability 500,734 492,566 500,722 Changes in assumptions 72,101 - 318,610 Experience Gains/(Losses) 128,171 - - Differences between expected and actual experience (827,060) 146,883 (140,460) Benefit payments, including refunds (651,337) (665,819) (680,506) Net change in total OPEB liability (625,872) 121,094 119,720 Total OPEB liability - beginning 7,604,098 7,483,004 7,363,284 Total OPEB liability - ending (a) 6,978,226$ 7,604,098$ 7,483,004$ Plan Fiduciary Net Position
Contributions - employer 751,337$ 765,819$ 780,506$ Net Investment Income 174,154 (402,052) 626,536 Benefit payments (651,337) (665,819) (680,506) Administrative Expense (786) (762) (863) Net change in plan fiduciary net position 273,368 (302,814) 725,673 Plan fiduciary net position - beginning 2,702,396 3,005,210 2,279,537 Plan fiduciary net position - ending (b) 2,975,764$ 2,702,396$ 3,005,210$ Net OPEB liability - ending (a) - (b) 4,002,462$ 4,901,702$ 4,477,794$ Plan fiduciary net position as a percentage
of the total OPEB liabilit
y 42.6% 35.5% 40.2%
Covered - employee payroll 26,377,035 26,817,745 25,831,894 Net OPEB liability as a percentage of
covered-employee payroll 15.17% 18.28% 17.33%
*OPEB schedules are intended to show information for ten years, additional years' information will be displayed as it becomes available.

Measurement Period
Schedule of Changes in the Net OPEB Liability and Related Ratios for the Measurement Periods Ended June 30
Last 10 Years'
80 2020 2019 2018 2017
118,106$ 214,585$ 116,447$ 113,330$ 495,773 514,224 510,586 506,741 - - - - - - - - 98,835 (335,231) - - (646,871) (669,809) (578,455) (558,051) 65,843 (276,231) 48,578 62,020 7,297,441 7,573,672 7,525,094 7,463,074 7,363,284$ 7,297,441$ 7,573,672$ 7,525,094$ 646,871$ 769,809$ 678,455$ 658,051$ 77,828 123,383 139,019 157,061 (646,871) (669,809) (578,455) (558,051) (1,076) (425) (2,004) (1,323) 76,752 222,958 237,015 255,738 2,202,785 1,979,827 1,742,812 1,487,074 2,279,537$ 2,202,785$ 1,979,827$ 1,742,812$ 5,083,747$ 5,094,656$ 5,593,845$ 5,782,282$

31.0% 30.2% 26.1% 23.2%
23,795,055 23,583,762 22,841,873 22,176,576

21.36% 21.60% 24.49% 26.07%
Measurement Period
81 SUPPLEMENTARY INFORMATION

Variance -
Final Actual Positive
Budget Amounts (Negative)

REVENUES
Intergovernmental 2,784,343 $ - $ (2,784,343)$ Charges for Services 892,200 958,454 66,254 Investment Income - 124,948 124,948 Total Revenues 3,676,543 1,083,402 (2,593,141)

EXPENDITURES
Capital Outlay 12,463,936 9,167,221 3,296,715
Total Expenditures 12,463,936 9,167,221 3,296,715
Excess (Deficiency) of Revenues
over Expenditures (8,787,393) (8,083,819) 703,574

OTHER FINANCING SOURCES (USES)
Transfers In 5,048,242 2,563,736 (2,484,506)
Transfers Out - - - Total Other Financing
Sources (Uses) 5,048,242 2,563,736 (2,484,506) Net Change in Fund Balances (3,739,151) (5,520,083) (1,780,932) Fund Balance, Beginning 3,110,492 3,110,492
Fund Balance, Ending (628,659) $ (2,409,591 )$ (1,780,932)$ City of Buena Park
Schedule of Revenues, Expenditures, and Changes in Fund Balance Budget and Actual - Park In-lieu Capital Projects Fund
Year Ended June 30, 2024
82 OTHER GOVERNMENTAL FUNDS
City of Buena Park
Other Governmental Funds
Year Ended June 30, 2024

Gas Tax Fund
This fund accounts for State gasoline taxes received by the Cit y. These funds may be used for street maintenance, right-of-way acqu isition, and street construction. Gas Tax funds are used for capital projects established within the Gas Tax Fund.

Asset Forfeiture Fund
This fund accounts for the assets seized as a result of drug enforcement activities.

Proposition 172 Police Augmentation Fund
This fund accounts for the half-cent sales tax remitted to the City from other governmental agencies to be expended for public safety.

Measure M2 Fund
This fund accounts for Measure M2 funds restricted for transportation facility and service improvements.

Local Law Enforcement Block Grant Fund
This fund accounts for grant monies received for local law enforcement activities.

Traffic Impact Fee Fund
This fund accounts for the Governor's transportation congestion relief program revenue received for the repair and reconstruction of streets.

State OCATT Fund
This fund accounts for revenue received for investigation and prosecution of criminals belonging to major auto theft rings.

COPS/SLESF Fund
This fund accounts for COPS/SLESF revenue received for policing and law enforcement activities.

Housing and Community Development Fund
This fun accounts for commercial and residential improvement pr ojects of the planning, economic development, and public works departments. Financing is provided by a federal grant from the Department of Housing and Urban Development.

AB 2766/AQMD Fund
This fund accounts for AB 2766/AQMD revenue received for air quality improvement projects.

HOME Loans Fund
This fund accounts for grant monies received from the first-time homebuyer down payment assistance program.

CalHOME Loans Fund
This fund accounts for grant monies received from the CalHOME first-time homebuyer down payment assistance program.

Opiod Settlement Fund
This fund accounts for monies received as part of an opiod settlement case.

City Capital Projects Fund
This fund accounts for the acquisition or construction of major capital facilities in the City. 83 Proposition Local Law
State Asset 172 Police Measure Enforcement
Gas Tax Forfeiture Augmentation M2 Block Grant
ASSETS
Cash and Investments 7,411,260$ 575,501$ 199,631$ 3,934,673$ 92,603$ Restricted Cash and Investments - - - - - Receivables:

Accounts 87,509 - - - - Interest Receivable 46,873 3,955 1,165 17,874 508 Loans Receivable - - - - - Due from Other Governments 578,656 41,108 - - - Prepaid Items - - - - - Total Assets 8,124,298$ 620,564$ 200,796$ 3,952,547$ 93,111$

LIABILITIES
Accounts Payable 224,694$ 74,622$ -$ 642,072$ -$ Accrued Liabilities 10,728 - 12,689 2,987 148 Deposits Payable - 130,467 - - - Unearned Revenue - - - - - Due to Other Funds - - - - - Total Liabilities 235,422 205,089 12,689 645,059 148

DEFERRED INFLOWS OF RESOURCES
Unavailable Revenue 78,424 - - - - Total Deferred Inflows of Resources 78,424 - - - -

FUND BALANCE (DEFICITS)
Nonspendable - - - - - Restricted 7,810,452 415,475 188,107 3,307,488 92,963 Assigned - - - - - Unassigned - - - - - Total Fund Balances (Deficits) 7,810,452 415,475 188,107 3,307,488 92,963 Total Liabilities, Deferred Inflows
8,124,298$ 620,564$ 200,796$ 3,952,547$ 93,111$ and Fund Balances (Deficits) City of Buena Park
Combining Balance Sheet
Non-major Governmental Funds
June 30, 2024
Special Revenue
84 Traffic Housing and
Impact State Community AB 2766/ HOME CalHOME
Fee OCATT COPS/SLESF Development AQMD Loans Loans
59,231$ -$ 141,315$ -$ 378,735$ 1,785,112$ 1,239,446$ - - - - - - - - - - - - - - 270 - 394 657,165 4,153 675,376 209,467 - - - 2,222,440 - 2,501,811 1,662,315 - - - 237,637 - - - - - - - - - - 59,501$ -$ 141,70 9$ 3,117,242$ 382,888$ 4,962,299$ 3,111,228$ -$ 5,315$ - $ 37,600$ 250 $ 12,071$ - $ - - 7,311 12,123 - 1,150 - - - - - - - - - - - - - - - - 10,366 - 187,710 - - - - 15,681 7,311 237,433 250 13,221 - - - - 657,165 - 662,989 201,396 - - - 657,165 - 662,989 201,396 - - - - - - - 59,501 - 134,398 2,222,644 382,638 4,286,089 2,909,832 - - - - - - - - (15,681) - - - - - 59,501 (15,681) 134,398 2,222,644 382,638 4,286,089 2,909,832 59,501$ -$ 141,70 9$ 3,117,242$ 382,888$ 4,962,299$ 3,111,228$ Continued
Special Revenue
85 Special
Revenue
Opiod City
Settlement Capital Projects Total
ASSETS
Cash and Investments 243,298$ -$ 16,060,805$ Restricted Cash and Investments - - - Receivables:

Accounts - 336,588 424,097
Interest Receivable 1,110 - 1,618,310 Loans Receivable - - 6,386,566 Due from Other Governments 46,752 - 904,153 Prepaid Items - - - Total Assets 291,160$ 336,588$ 25,393,931$

LIABILITIES
Accounts Payable 14,659$ 23,365$ 1,034,648$ Accrued Liabilities - - 47,136 Deposits Payable - - 130,467 Unearned Revenue - - - Due to Other Funds - 285,019 483,095 Total Liabilities 14,659 308,384 1,695,346

DEFERRED INFLOWS OF RESOURCES
Unavailable Revenue - 336,588 1,936,562 Total Deferred Inflows of Resources - 336,588 1,936,562

FUND BALANCE (DEFICITS)
Nonspendable - - - Restricted 276,501 - 22,086,088 Assigned - - -
Unassigned - (308,384) (324,065) Total Fund Balances (Deficits) 276,501 (308,384) 21,762,023 Total Liabilities, Deferred Inflows
and Fund Balances (Deficits) 291,160$ 336,588$ 25,393,931$ City of Buena Park
Combining Balance Sheet
Non-major Governmental Funds - Continued
June 30, 2024
86 THIS PAGE INTENTIONALLY LEFT BLANK
Proposition Local Law
State Asset 172 Police Measure Enforcement
Gas Tax Forfeiture Augmentation M2 Block Grant

REVENUES
Taxes -$ -$ 478,849$ -$ -$ Intergovernmental 4,482,103 68,485 26,834 1,779,238 30,402 Charges for Services - 755 - - - Investment Income 240,906 23,761 8,681 130,137 2,996 Miscellaneous 31,500 - - - - Total Revenues 4,754,509 93,001 514,364 1,909,375 33,398

EXPENDITURES
Current:

General Government - - - - - Transportation 776,933 - - 399,756 - Public Protection - 110,606 574,641 - 13,784 Development - - - - - Capital Outlay 3,976,453 - - 667,745 - Total Expenditures 4,753,386 110,606 574,641 1,067,501 13,784 Excess (Deficiency) of Revenues
Over Expenditures 1,123 (17,605) (60,277) 841,874 19,614

OTHER FINANCING SOURCES (USES)
Transfers In 1,408,557 - - 399,756 - Transfers Out (22,500) - - (210,763) - Total Other Financing Sources (Uses) 1,386,057 - - 188,993 - Net Change in Fund Balances 1,387,180 (17,605) (60,277) 1,030,867 19,614 Fund Balances, Beginning, as previously reported 6,423,272 433,080 248,384 2,276,621 73,349 Change within financial reporting entity
(non-major to major) - - - - - Fund Balances, Beginning, as adjusted 6,423,272 433,080 248,384 2,276,621 73,349 Fund Balances - Ending 7,810,452$ 415,475$ 188,107$ 3,307,488$ 92,963$ Special Revenue
City of Buena Park
Combining Statement of Revenues, Expenditures and Changes in Fund Balances Non-major Governmental Funds
Year Ended June 30, 2024
87 Traffic Housing and
Impact State Community AB 2766/ HOME CalHOME
Fee OCATT COPS/SLESF Development AQMD Loans Loans
-$ -$ -$ -$ -$ -$ -$ - - 240,874 1,034,824 84,242 - - 23,513 - - 880 - - - 1,447 - 1,885 155,511 28,028 379,250 48,980 - - - - - - - 24,960 - 242,759 1,191,215 112,270 379,250 48,980 - - - - 13,977 - - - - - - - - - - 15,681 350,156 - - - - - - - 846,975 - 312,496 - - - - - - - - - 15,681 350,156 846,975 13,977 312,496 - 24,960 (15,681) (107,397) 344,240 98,293 66,754 48,980 - - 107,792 - - - - - - - (33,380) (314,582) - - - - 107,792 (33,380) (314,582) - - 24,960 (15,681) 395 310,860 (216,289) 66,754 48,980 34,541 - 134,003 1,911,784 598,927 4,219,335 2,860,852 - - - - - - - 34,541 - 134,003 1,911,784 598,927 4,219,335 2,860,852 59,501$ (15,681)$ 134,398$ 2,222,644$ 382,638$ 4,286,089$ 2,909,832$ Continued
Special Revenue
88 Special
Revenue
Formerly
Non-major
Opiod Park City
Settlement In-Lieu Capital Projects Total

REVENUES
Taxes -$ - $ - $ 478,849$ Intergovernmental 151,846 - 257,708 8,156,556 Charges for Services - - 33,684 58,832 Investment Income 1,809 - - 1,023,391 Miscellaneous - - - 31,500 Total Revenues 153,655 - 291,392 9,749,128

EXPENDITURES
Current:

General Government - - - 13,977 Transportation - - - 1,176,689 Public Protection 41,045 - - 1,105,913 Development - - - 1,159,471 Capital Outlay - - 119,712 4,763,910 Total Expenditures 41,045 - 119,712 8,219,960 Excess (Deficiency) of Revenues
Over Expenditures 112,610 - 171,680 1,529,168

OTHER FINANCING SOURCES (USES)
Transfers In - - 115,758 2,031,863 Transfers Out - - (33,684) (614,909) Total Other Financing Sources (Uses) - - 82,074 1,416,954 Net Change in Fund Balances 112,610 - 253,754 2,946,122 Fund Balances, Beginning, as previously reported 163,891 3,110,492 (562,138) 21,926,393 Change within financial reporting entity
(non-major to major) - (3,110,492) - (3,110,492) Fund Balances, Beginning, as adjusted 163,891 - (562,138) 18,815,901 Fund Balances - Ending 276,501$ -$ (308,384)$ 21,762,023$ Capital Projects
City of Buena Park
Combining Statement of Revenues, Expenditures and Changes in Fund Balances Non-Major Governmental Funds - Continued
Year Ended June 30, 2024
89 Variance -
Final Actual Positive
Budget Amounts (Negative)

REVENUES
Intergovernmental 5,677,340 $ 4,482,103 $ (1,195,237) $ Investment Income 30,000 240,906 210,906 Miscellaneous - 31,500 31,500 Total Revenues 5,707,340 4,754,509 (952,831)

EXPENDITURES
Current:

Transportation 861,322 776,933 84,389
Capital Outlay 11,561,029 3,976,453 7,584,576
Total Expenditures 12,422,351 4,753,386 7,668,965
Excess (Deficiency) of Revenues
over Expenditures (6,715,011) 1,123 6,716,134

OTHER FINANCING SOURCES (USES)
Transfers In 1,513,894 1,408,557 (105,337)
Transfers Out (37,448) (22,500) 14,948 Total Other Financing
Sources (Uses) 1,476,446 1,386,057 (90,389)
Net Change in Fund Balances (5,238,565) 1,387,180 6,625,745 Fund Balance, Beginning 6,423,272 6,423,272 -
Fund Balance, Ending 1,184,707 $ 7,810,452 $ 6,625,74 5$ City of Buena Park
Schedule of Revenues, Expenditures, and Changes in Fund Balance Budget and Actual - Gas Tax Special Revenue Fund
Year Ended June 30, 2024
90 Variance -
Final Actual Positive
Budget Amounts (Negative)

REVENUES
Intergovernmental 150,000 $ 68,485 $ (81,515) $ Charges for Services - 755 755
Investment Income 4,000 23,761 19,761 Total Revenues 154,000 93,001 (60,999)

EXPENDITURES
Current:

Public Protection 187,000 110,606 76,394
Total Expenditures 187,000 110,606 76,394
Excess (Deficiency) of Revenues
over Expenditures (33,000) (17,605) 15,395

OTHER FINANCING SOURCES (USES)
Transfers In - - - Transfers Out - - - Total Other Financing
Sources (Uses) - - - Net Change in Fund Balances (33,000) (17,605) 15,395
Fund Balance, Beginning 433,080 433,080 -
Fund Balance, Ending 400,080 $ 415,47 5$ 15,395$ City of Buena Park
Schedule of Revenues, Expenditures, and Changes in Fund Balance Budget and Actual - Asset Forfeiture Special Revenue Fund Year Ended June 30, 2024
91 Variance -
Final Actual Positive
Budget Amounts (Negative)

REVENUES
Taxes 545,000 $ 478,849 $ (66,151) $
Intergovernmental 3,000 26,834 23,834 Investment Income 14,219 8,681 (5,538) Miscellaneous - - Total Revenues 562,219 514,364 (47,855)

EXPENDITURES
Current:

Public Protection 600,379 574,641 25,738 Total Expenditures 600,379 574,641 25,738
Excess (Deficiency) of Revenues
over Expenditures (38,160) (60,277) (22,117)

OTHER FINANCING SOURCES (USES)
Transfers In 36,520 - (36,520) Transfers Out - - - Total Other Financing
Sources (Uses) 36,520 - (36,520) Net Change in Fund Balances (1,640) (60,277) (58,637)
Fund Balance, Beginning 248,384 248,384 -
Fund Balance, Ending 246,744 $ 188,107 $ (58,637) $ City of Buena Park
Schedule of Revenues, Expenditures, and Changes in Fund Balance Budget and Actual - Proposition 172 Police Special Revenue Fund Year Ended June 30, 2024
92 Variance -
Final Actual Positive
Budget Amounts (Negative)

REVENUES
Intergovernmental 2,085,920 $ 1,779,238 $ (306,682) $ Investment Income 15,000 130,137 115,137 Total Revenues 2,100,920 1,909,375 (191,545)

EXPENDITURES
Current:

Transportation 641,010 399,756 241,254
Capital Outlay 1,242,517 667,745 574,772
Total Expenditures 1,883,527 1,067,501 816,026
Excess (Deficiency) of Revenues
over Expenditures 217,393 841,874 624,481

OTHER FINANCING SOURCES (USES)
Transfers In - 399,756 399,756 Transfers Out (1,808,611) (210,763) 1,597,848 Total Other Financing
Sources (Uses) (1,808,611) 188,993 1,997,604 Net Change in Fund Balances (1,591,218) 1,030,867 2,622,085 Fund Balance, Beginning 2,276,621 2,276,621 -
Fund Balance, Ending 685,403 $ 3,307,48 8$ 2,622,085$ City of Buena Park
Schedule of Revenues, Expenditures, and Changes in Fund Balance Budget and Actual - Measure M2 Special Revenue Fund
Year Ended June 30, 2024
93 Variance -
Final Actual Positive
Budget Amounts (Negative)

REVENUES
Intergovernmental 44,492 $ 30,402 $ (14,090) $ Investment Income - 2,996 2,996 Total Revenues 44,492 33,398 (11,094)

EXPENDITURES
Current:

Public Protection 44,492 13,784 30,708 Total Expenditures 44,492 13,784 30,708
Excess (Deficiency) of Revenues
over Expenditures - 19,614 19,614

OTHER FINANCING SOURCES (USES)
Transfers In - - - Transfers Out - - - Total Other Financing
Sources (Uses) - - - Net Change in Fund Balances - 19,614 19,614 Fund Balance, Beginning 73,349 73,349 -
Fund Balance, Ending 73,349 $ 92,963 $ 19,614 $ City of Buena Park
Schedule of Revenues, Expenditures, and Changes in Fund Balance Budget and Actual - LLEBG Special Revenue Fund
Year Ended June 30, 2024
94 Variance -
Final Actual Positive
Budget Amounts (Negative)

REVENUES
Charges for Services 5,000 $ 23,513 $ 18,513 $ Investment Income 500 1,447 947 Total Revenues 5,500 24,960 19,460

EXPENDITURES
Current:

Engineering and Public Works - - - Total Expenditures - - - Excess (Deficiency) of Revenues
over Expenditures 5,500 24,960 19,460

OTHER FINANCING SOURCES (USES)
Transfers In - - - Transfers Out - - - Total Other Financing
Sources (Uses) - - - Net Change in Fund Balances 5,500 24,960 19,460 Fund Balance, Beginning 34,541 34,541 - Fund Balance, Ending 40,041 $ 59,501 $ 19,460 $ City of Buena Park
Schedule of Revenues, Expenditures, and Changes in Fund Balance Budget and Actual - Traffic Impact Fee Special Revenue Fund Year Ended June 30, 2024
95 Variance -
Final Actual Positive
Budget Amounts (Negative)

REVENUES
Intergovernmental 230,850 $ - $ (230,850)$ Investment Income - - - Total Revenues 230,850 - (230,850)

EXPENDITURES
Current:

Public Protection 230,850 15,681 215,169 Total Expenditures 230,850 15,681 215,169 Excess (Deficiency) of Revenues
over Expenditures - (15,681) (15,681)

OTHER FINANCING SOURCES (USES)
Transfers In - - - Transfers Out - - - Total Other Financing
Sources (Uses) - - - Net Change in Fund Balances - (15,681) (15,681) Fund Balance, Beginning - - - Fund Balance, Ending - $ (15,681)$ (15,681) $ City of Buena Park
Schedule of Revenues, Expenditures, and Changes in Fund Balance Budget and Actual - State OCATT Special Revenue Fund
Year Ended June 30, 2024
96 Variance -
Final Actual Positive
Budget Amounts (Negative)

REVENUES
Intergovernmental 230,000 $ 240,874 $ 10,874 $ Investment Income 500 1,885 1,385 Total Revenues 230,500 242,759 12,259

EXPENDITURES
Current:

Public Protection 365,260 350,156 15,104 Total Expenditures 365,260 350,156 15,104
Excess (Deficiency) of Revenues
over Expenditures (134,760) (107,397) 27,363

OTHER FINANCING SOURCES (USES)
Transfers In 149,650 107,792 (41,858)
Transfers Out - - - Total Other Financing
Sources (Uses) 149,650 107,792 (41,858) Net Change in Fund Balances 14,890 395 (14,495) Fund Balance, Beginning 134,003 134,003 - Fund Balance, Ending 148,893 $ 134,398 $ (14,495) $ City of Buena Park
Schedule of Revenues, Expenditures, and Changes in Fund Balance Budget and Actual - COPS/SLESF Special Revenue Fund
Year Ended June 30, 2024
97 Variance -
Final Actual Positive
Budget Amounts (Negative)

REVENUES
Intergovernmental 1,659,970 $ 1,034,824 $ (625,146) $ Charges for Services - 880 880 Investment Income - 155,511 155,511 Miscellaneous 180,339 - (180,339) Total Revenues 1,840,309 1,191,215 (649,094)

EXPENDITURES
Current:

Development 1,183,686 846,975 336,711
Total Expenditures 1,183,686 846,975 336,711 Excess (Deficiency) of Revenues
over Expenditures 656,623 344,240 (312,383)

OTHER FINANCING SOURCES (USES)
Transfers In - - - Transfers Out (609,440) (33,380) 576,060 Total Other Financing
Sources (Uses) (609,440) (33,380) 576,060 Net Change in Fund Balances 47,183 310,860 263,677 Fund Balance, Beginning 1,911,784 1,911,784 - Fund Balance, Ending 1,958,967 $ 2,222,644 $ 263,677 $ City of Buena Park
Schedule of Revenues, Expenditures, and Changes in Fund Balance Budget and Actual - Housing and Comm. Devel. Special Revenue Fund Year Ended June 30, 2024
98 Variance -
Final Actual Positive
Budget Amounts (Negative)

REVENUES
Intergovernmental 100,000 $ 84,242 $ (15,758) $ Investment Income 5,000 28,028 23,028 Total Revenues 105,000 112,270 7,270

EXPENDITURES
Current:

General Government 19,120 13,977 5,143 Total Expenditures 19,120 13,977 5,143
Excess (Deficiency) of Revenues
over Expenditures 85,880 98,293 12,413

OTHER FINANCING SOURCES (USES)
Transfers In - - - Transfers Out (352,445) (314,582) 37,863
Total Other Financing
Sources (Uses) (352,445) (314,582) 37,863 Net Change in Fund Balances (266,565) (216,289) 50,276 Fund Balance, Beginning 598,927 598,927 - Fund Balance, Ending 332,362 $ 4,601,973 $ 4,269,611 $ City of Buena Park
Schedule of Revenues, Expenditures, and Changes in Fund Balance Budget and Actual - AB 2766/AQMD Special Revenue Fund
Year Ended June 30, 2024
99 Variance -
Final Actual Positive
Budget Amounts (Negative)

REVENUES
Investment Income 3,130 $ 379,250 $ 376,120 $ Total Revenues 3,130 379,250 376,120

EXPENDITURES
Current:

Development 700,430 312,496 387,934
Total Expenditures 700,430 312,496 387,934
Excess (Deficiency) of Revenues
over Expenditures (697,300) 66,754 764,054

OTHER FINANCING SOURCES (USES)
Transfers In - - - Transfers Out - - - Total Other Financing
Sources (Uses) - - - Net Change in Fund Balances (697,300) 66,754 764,054 Fund Balance, Beginning 4,219,335 4,219,335 - Fund Balance, Ending 3,522,03 5$ 4,286,089$ 764,054$
City of Buena Park
Schedule of Revenues, Expenditures, and Changes in Fund Balance Budget and Actual - HOME Loans Special Revenue Fund
Year Ended June 30, 2024
100
Variance -
Final Actual Positive
Budget Amounts (Negative)

REVENUES
Investment Income 10,000 $ 48,980 $ 38,980 $ Total Revenues 10,000 48,980 38,980

EXPENDITURES
Current:

Development - - - Total Expenditures - - - Excess (Deficiency) of Revenues
over Expenditures 10,000 48,980 38,980

OTHER FINANCING SOURCES (USES)
Transfers In - - - Transfers Out - - - Total Other Financing
Sources (Uses) - - - Net Change in Fund Balances 10,000 48,980 38,980 Fund Balance, Beginning 2,860,852 2,860,852 - Fund Balance, Ending 2,870,852 $ 2,909,832 $ 38,980 $ City of Buena Park
Schedule of Revenues, Expenditures, and Changes in Fund Balance Budget and Actual - CalHOME Loans Special Revenue Fund
Year Ended June 30, 2024
101
Variance -
Final Actual Positive
Budget Amounts (Negative)

REVENUES
Intergovernmental - $ 151,846$ 151,846 $ Investment Income - 1,809 1,809 Total Revenues - 153,655 153,655

EXPENDITURES
Current:

Public Protection 211,090 41,045 170,045 Total Expenditures 211,090 41,045 170,045 Excess (Deficiency) of Revenues
over Expenditures (211,090) 112,610 323,700

OTHER FINANCING SOURCES (USES)
Transfers In - - - Transfers Out - - - Total Other Financing
Sources (Uses) - - - Net Change in Fund Balances (211,090) 112,610 323,700 Fund Balance, Beginning 163,891 163,891 - Fund Balance, Ending (47,199) $ 276,501 $ 323,700 $ City of Buena Park
Schedule of Revenues, Expenditures, and Changes in Fund Balance Budget and Actual - Opiod Settlement Special Revenue Fund Year Ended June 30, 2024
102
Variance -
Final Actual Positive
Budget Amounts (Negative)

REVENUES
Intergovernmental 753,181 $ 257,708 $ (495,473) $ Charges for Services - 33,684 33,684 Miscellaneous Income 70,000 - (70,000) Total Revenues 823,181 291,392 (531,789)

EXPENDITURES
Capital Outlay 197,542 119,712 77,830
Total Expenditures 197,542 119,712 77,830
Excess (Deficiency) of Revenues
over Expenditures 625,639 171,680 (453,959)

OTHER FINANCING SOURCES (USES)
Transfers In 14,948 115,758 100,810
Transfers Out (33,684) (33,684) -
Total Other Financing
Sources (Uses) (18,736) 82,074 100,810 Net Change in Fund Balances 606,903 253,754 (353,149) Fund Balance, Beginning (562,138) (562,138)
Fund Balance, Ending 44,765 $ (308,384) $ (353,149) $ City of Buena Park
Schedule of Revenues, Expenditures, and Changes in Fund Balance Budget and Actual - City Capital Projects Fund
Year Ended June 30, 2024
103

THIS PAGE INTENTIONALLY LEFT BLANK

INTERNAL SERVICE FUNDS
City of Buena Park
Internal Service Funds
Year Ended June 30, 2024

INTERNAL SERVICE FUNDS

The internal service funds are used to account for goods and services provided by one City department to other City departments on a cost reimbursement basis.

Workers’ Compensation Insurance Fund
This fund accounts for all workers' compensation self-insurance activities.

Public Liability Self-Insurance Fund
This fund accounts for the cost of providing general liability insurance coverage to the various City departments. Such costs are charged to the departments at a fixed rate.

Accrued Leave Fund
This fund accounts for vacation and sick leave pay-out to retiring employees.

Equipment Maintenance and Replacement Fund
This fund accounts for the costs of movable equipment used by other City departments. Such costs are based upon actual usage at a fixed rate throughout the year.

Buildings and Ground Maintenance Fund
This fund accounts for the costs of maintaining City buildings and grounds. Such costs are charged to the various departments based upon each department's estimated usag e of the buildings and surrounding grounds.

Management Information Systems Fund
This fund accounts for the costs of providing computer equipmen t and maintenance to the various City departments. Such costs are based upon the number of computer users in each department.

104
City of Buena Park
Combining Statement of Net Position
Internal Service Funds
June 30, 2024
Workers' Equipment Buildings &
Compensation Public Liability Accrued Maintenance & Grounds Insurance Self-Insurance Leave Replacement Maintenance
ASSETS
Current Assets:

Cash and Investments 4,694,134$ 1,542,841$ 186,085$ 7,925,114$ 960,307$ Interest Receivable 17,109 - 234 54,222 5,885 Accounts Receivable 23,291 - - - - Loans Receivable - - - 16,240 - Prepaid Expenses 11,676 - - - - Total Current Assets 4,746,210 1,542,841 186,319 7,995,576 966,192 Noncurrent Assets:

Capital Assets, Depreciable, Net - - - 2,424,749 28,935 Total Noncurrent Assets - - - 2,424,749 28,935 Total Assets 4,746,210 1,542,841 186,319 10,420,325 995,127

DEFERRED OUTFLOWS OF RESOURCES
Pension Related Items - - - 247,396 137,018 Total Deferred Outflows of Resources - - - 247,396 137,018

LIABILITIES
Current Liabilities:

Accounts Payable 11,777 19,683 - 43,555 329,911 Accrued Liabilities - - 5,555 11,388 11,351 Current Portion of Long-Term Liabilities:

Employee Leave Benefits - - - 2,062 16,209 Claims Payable 350,000 150,000 - - - Total Current Liabilities 361,777 169,683 5,555 57,005 357,471 Noncurrent Liabilities:

Employee Leave Benefits - - - 24,561 35,678 Claims Payable
4,988,584 1,388,587 - - - Net Pension Liability - - - 547,857 441,329 Total Noncurrent Liabilities 4,988,584 1,388,587 - 572,418 477,007 Total Liabilities 5,350,361 1,558,270 5,555 629,423 834,478

DEFERRED INFLOWS OF RESOURCES
Pension Related Items - - - - - Total Deferred Inflows of Resources - - - - -

NET POSITION
Net Investment in Capital Assets - - - 2,424,749 28,935 Unrestricted (604,151) (15,429) 180,764 7,613,549 268,732 Total Net Position (604,151) $ (15,429) $ 180,764 $ 10,038,29 8$ 297,667$
105
Management
Information
Systems Totals
1,718,680$ 17,027,161 $
10,848 88,298
- 23,291
- 16,240
107,557 119,233
1,837,085 17,274,223

739,266 3,192,950
739,266 3,192,950
2,576,351 20,467,173
124,121 508,535
124,121 508,535
47,211 452,137
3,951 32,245
- 18,271
- 500,000
51,162 1,002,653
- 60,239
- 6,377,171
136,963 1,126,149
136,963 7,563,559
188,125 8,566,212
- -
- -
739,266 3,192,950
1,773,081 9,216,546
2,512,347$ 12,409,496$
106
City of Buena Park
Combining Statement of Revenues, Expenses, and Changes in Net Position Internal Service Funds
Year Ended June 30, 2024
Workers' Equipment Buildings &
Compensation Public Liability Accrued Maintenance & Grounds Insurance Self-Insurance Leave Replacement Maintenance

OPERATING REVENUES
Charges for Services 1,722,708$ -$ 252,300$ 2,574,051$ 2,950,131$ Total Operating Revenues 1,722,708 - 252,300 2,574,051 2,950,131

OPERATING EXPENSES
Self-Insurance 1,812,590 2,134,567 - - - Employee Benefits - - 82,458 - - Maintenance and Supplies - - - 1,985,706 3,092,845 Information Systems - - - - - Depreciation - - - 444,601 3,819 Total Operating Expenses 1,812,590 2,134,567 82,458 2,430,307 3,096,664 Operating Income (Loss) (89,882) (2,134,567) 169,842 143,744 (146,533)

NONOPERATING REVENUES (EXPENSES)
Interest Income 105,651 (4,055) 281 325,340 37,729 Intergovernmental Grants - - - - - Gain/(Loss) on Disposal of Capital Assets - - - (2,537) - Total Nonoperating Revenues (Expenses) 105,651 (4,055) 281 322,803 37,729 Income (Loss) Before Operating Transfers 15,769 (2,138,622) 170,123 466,547 (108,804) Transfers In 2,000,000 2,398,000 - 314,582 - Transfers Out (154,460) - - - (18,360) Change in Net Position
1,861,309 259,378 170,123 781,129 (127,164) Net Position - Beginning of Year (2,465,460) (274,807) 10,641 9,257,169 424,831 Net Position - End of Year (604,151)$ (15,429) $ 180,764 $ 10,038,29 8$ 297,667$ 107
Management
Information
Systems Totals
1,075,464$ 8,574,654 $
1,075,464 8,574,654
- 3,947,157
- 82,458
- 5,078,551
216,087 216,087
38,137 486,557
254,224 9,810,810
821,240 (1,236,156)
67,806 532,752
- -
- (2,537)
67,806 530,215
889,046 (705,941)
- 4,712,582
- (172,820)
889,046 3,833,821
1,623,301 8,575,675
2,512,347$ 12,409,496$
108
City of Buena Park
Combining Statement of Cash Flows
Internal Service Funds
Year Ended June 30, 2024
Workers' Equipment Buildings &
Compensation Public Liability Accrued Maintenance & Grounds Insurance Self-Insurance Leave Replacement Maintenance

CASH FLOWS FROM OPERATING ACTIVITIES
Cash Received from User Departments 1,699,417$ - $ 252,300$ 2,606,537 $ 2,950,131 $ Cash Paid to Suppliers for Goods and Services (1,310,202) (1,863,408) - (1,261,059) (2,465,015) Cash Paid to Employees for Services - - (76,903) (570,898) (471,023) Net Cash from Operating Activities 389,215 (1,863,408) 175,397 774,580 14,093

CASH FLOWS FROM NONCAPITAL AND

RELATED FINANCING ACTIVITIES
Cash Paid (to) from Other Funds 1,845,540 2,398,000 - 314,582 (18,360) Cash Paid (to) from Employee Loans - - - 2,029 - Net Cash from Noncapital and
Related Financing Activities 1,845,540 2,398,000 - 316,611 (18,360)

CASH FLOWS FROM CAPITAL AND

RELATED FINANCING ACTIVITIES
Cash Received from Sale of Capital Assets - - - 28,710 - Acquisition and Construction of Capital Assets - - - (1,205,082) - Net Cash from Capital and
Related Financing Activities - - - (1,176,372) -

CASH FLOWS FROM INVESTING ACTIVITIES
Interest Received 98,705 - 91 303,036 35,865 Net Cash from Investing Activities 98,705 - 91 303,036 35,865 Net Increase (Decrease) in Cash and Cash Equivalents 2,333,460 534,592 175,488 217,855 31,598 Cash and Cash Equivalents, Beginning of the Year 2,360,674 1,008,249 10,597 7,707,259 928,709 Cash and Cash Equivalents, End of the Year 4,694,134$ 1,542,841$ 186,085$ 7,925,114$ 960,307$ Reconciliation of Operating Income (Loss) to
Net Cash from Operating Activities:

Operating Income (Loss) (89,882)$ (2,134,567)$ 169,842$ 143,744$ (146,533)$ Adjustments to Reconcile Operating Income (Loss) to
Net Cash Provided (Used) by Operating Activities:

Depreciation - - - 444,601 3,819 Changes in Operating Assets and Liabilities:
(Increase) Decrease in Accounts Receivable (23,291) - - 32,486 - (Increase) Decrease in Inventory and Prepaid Items (11,676) - - - - (Increase) Decrease in Deferred Outflows - Pensions - - - 62,675 50,487 Increase (Decrease) in Accounts Payable (7,196) (561) - 10,945 57,696 Increase (Decrease) in Accrued Liabilities - - 5,555 575 1,020 Increase (Decrease) in Employee Leave Benefits - - - 8,647 (9,515) Increase (Decrease) in Net Pension Liability - - - 70,907 57,119 Increase (Decrease) in Deferred Inflows - Pensions - - - - - Increase (Decrease) in Claims Payable 521,260 271,720 - - - Net Cash from Operating Activities 389,215$ (1,863,408)$ 175,397 $ 774,580 $ 14,093 $ 109
Management
Information
Systems Totals
967,907$ 8,476,292 $
30,845 (6,868,839)
(303,847) (1,422,671)
694,905 184,782
- 4,539,762
- 2,029
- 4,541,791
- 28,710
(658,823) (1,863,905)
(658,823) (1,835,195)
63,666 501,363
63,666 501,363
99,748 3,392,741
1,618,932 13,634,420
1,718,680$ 17,027,161 $
821,240$ (1,236,156)$
38,137 486,557
(107,557) (98,362)
- (11,676)
15,668 128,830
(90,626) (29,742)
316 7,466
- (868)
17,727 145,753
- -
- 792,980
694,905$ 184,782 $
110

CUSTODIAL FUNDS
City of Buena Park
Custodial Funds
Year Ended June 30, 2024

CUSTODIAL FUNDS

Custodial Funds are used to account for assets held by a government in a trustee capacity or as an agent for individuals, private organizations, other governments, and/or other funds.

CFD Mall Fund
This fund accounts for assets and liabilities related to the Community Facilities District Buena Park Mall.

Buena Park Tourism Marketing District Fund
This fund accounts for assets and liabilities related to the Buena Park Tourism Marketing District.

111
City of Buena Park
Combining Statement of Fiduciary Net Position
Custodial Funds
June 30, 2024
Buena Park
Buena Park Tourism
CFD Mall Marketing District Total
ASSETS
Cash and Investments -$ 268,429$ 268,429 $ Accounts Receivable - 150,321 150,321 Restricted Cash and Investments 5,290,337 - 5,290,337 Total Assets 5,290,337 418,750 5,709,087

LIABILITIES
Deposits Payable - - - Accounts Payable - 81,050 81,050 Total Liabilities - 81,050 81,050

NET POSITION
Restricted for:

Organizations and Individuals 5,290,337 337,700 5,628,037 Total Net Position 5,290,337$ 337,700 $ 5,628,037 $ 112
City of Buena Park
Combining Statement of Changes in Fiduciary Net Position Custodial Funds
Year Ended June 30, 2024
Buena Park
Buena Park Tourism
CFD Mall Marketing District Total

ADDITIONS
Contributions:

Taxes and assessments collected for others -$ 1,270,585$ 1,270,585 $ Total Additions - 1,270,585 1,270,585

DEDUCTIONS
General and Administrative 189,228 1,485,509 1,674,737 Contractual Obligations - 44,200 44,200 Total Deductions 189,228 1,529,709 1,718,937 Net Increase (decrease) in fiduciary net position (189,228) (259,124) (448,352) Net Position, beginning of the year 5,479,565 596,824 6,076,389 Net Position, end of the year 5,290,337$ 337,700 $ 5,628,037 $ 113

STATISTICAL SECTION

City of Buena Park
Description of Statistical Section Contents
June 30, 2024

This part of the City of Buena Park's Annual Comprehensive financial report presents detailed information as a context for understanding what the information in the financi al statements, note disclosures, and required supplementary information say about the government's overall financial health.

Contents: Pages

Financial Trends these schedules contain trend information to h elp the reader understand how the City's financial performance and well-being have changed over time

115

Revenue Capacity these schedules contain information to help the reader assess the City's most significant local revenue source, the property tax

125

Debt Capacity these schedules present 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

130

Demographic and Economic Information these schedules offer demographic and economic indicators to help the reader understand the environment within which the City's financial activities take place

134

Operating Information these schedules contain service and infrastructure data to help the reader understand how the information in the City's fi nancial report relates to the services the City provides and the activities it performs

136

114
2014-15 2015-16 2016-17 2017-18
Governmental Activities
Net investment in capital assets 216,987 $ 219,881 $ 224,573 $ 244,051 $ Restricted 45,733 45,437 55,406 41,631 Unrestricted (12,168) (1) (24,072) (29,221) (58,567) Total governmental activities net position 250,552 $ 241,246 $ 250,758 $ 227,115 $ Business-type Activities
Net investment in capital assets 20,530 $ 22,665 $ 25,041 $ 33,550 $ Restricted - - - -
Unrestricted 20,007 20,109 19,139 12,065 Total business-type activities net position 40,537$ 42,774$ 44,180$ 45,615$ Primary Government
Net investment in capital assets 237,517$ 242,546$ 249,614$ 277,601$ Restricted 45,733 45,437 55,406 41,631 Unrestricted 7,839 (3,963) (10,082) (46,502) Total primary government net position 291,089$ 284,020$ 294,938$ 272,730$ Source: City of Buena Park Finance Department
(1) The City implemented Governmental Accounting Standards Board (GASB) Statement No. 68 Accounting and Financial Reporting for Pension, and Statement No. 71 Pension Transition for Contributions Made Subsequent to the Measurement Date, for the fiscal year ended June 30, 2015. Implementation of these Statements required the City to restate prior period net position.

City of Buena Park
Net Position by Component
Last Ten Fiscal Years
(accrual basis of accounting)
(amounts expressed in thousands)
Fiscal Year
115
2018-19 2019-20 2020-21 2021-22 2022-23 2023-24
233,088$ 242,220 $ 243,360 $ 241,497 $ 239,675 $ 246,906 $ 43,242 45,510 47,492 45,961 49,291 52,303 (45,319) (53,066) (44,361) (28,554) (37,847) (31,500) 231,011$ 234,664 $ 246,491 $ 258,904 $ 251,119 $ 267,709 $ 32,082$ 31,917 $ 30,254 $ 29,895 $ 31,043 $ 31,215 $ - - - - - -
16,259 19,380 23,664 25,620 25,492 25,776 48,341$ 51,297$ 53,918$ 55,515$ 56,535$ 56,991$ 265,170$ 274,137$ 273,614$ 271,392$ 270,718$ 278,121$ 43,242 45,510 47,492 45,961 49,291 52,303 (29,060) (33,686) (20,697) (2,934) (12,355) (5,724) 279,352$ 285,961$ 300,409$ 314,419$ 307,654$ 324,700$ Fiscal Year
116
2014-15 2015-16 2016-17 2017-18
Expenses
Governmental activities:

General government 7,125 $ 8,098 $ 7,659 $ 8,803 $ Leisure 3,071 3,570 3,459 4,033 Health 3,000 3,155 3,025 3,244 Transportation 9,875 8,380 9,245 10,571 Public Protection 31,841 35,851 39,109 41,084 Development 12,700 5,055 3,695 4,353 Environmental 2,987 3,167 3,266 3,740 Interest 347 275 269 486
Total governmental activities net expenses 70,946 67,551 69,727 76,314 Business-type activities:

Water 13,908 12,753 14,594 16,788 Total business-type activities net expenses 13,908 12,753 14,594 16,788 Total primary government expenses 84,854$ 80,304$ 84,321$ 93,102$ Program Revenues
Governmental activities:

Charges for services:

General government 198$ 207$ 226$ 244$ Leisure 774 893 857 919 Health 3,130 3,227 3,222 3,294 Transportation 213 227 260 235
Public Protection 2,642 3,315 8,368 4,336 Development 3,299 5,099 3,917 3,619 Environmental 209 227 253 263
Operating contributions and grants 6,122 5
,521 6,664 5,231
Capital contributions and grants 2,134 2,485 2,832 3,268 Total governmental activities program revenues 18,721 21,201 26,599 21,409 Business-type activities:

Charges for services:

Water utility 15,270 14,124 16,010 18,060 Operating contributions and grants - - 124 299 Capital contributions and grants - - - -
Total business-type activities program revenues 15,270 14,124 16,134 18,359 Primary government program revenues 33,991$ 35,325$ 42,733$ 39,768$ Net (Expense)/Revenue
Governmental activities (52,225)$ (46,350)$ (43,128)$ (54,905)$ Business-type activities 1,362 1,371 1,540 1,571 Total primary government net expense (50,863)$ (44,979)$ (41,588)$ (53,334)$ Source: City of Buena Park Finance Department
City of Buena Park
Changes in Net Position
Last Ten Fiscal Years
(accrual basis of accounting)
(amounts expressed in thousands)
Fiscal Year
117
2018-19 2019-20 2020-21 2021-22 2022-23 2023-24
8,548$ 9,147$ 9,333$ 10,385$ 11,457$ 13,621$ 3,995 4,112 3,675 4,112 4,593 5,120 3,176 3,410 5,951 6,525 6,456 7,720 10,538 10,838 10,044 10,738 11,554 11,737 42,093 48,323 48,547 50,719 69,641 49,632 4,488 4,295 6,732 4,134 3,720 4,752 3,503 3,688 3,529 3,782 3,894 4,360 407 351 345 1,231 1,706 1,998
76,748 84,164 88,156 91,626 113,021 98,942 16,522 17,546 17,586 17,336 17,963 20,340 16,522 17,546 17,586 17,336 17,963 20,340 93,270$ 101,710$ 105,742$ 108,962$ 130,984$ 119,282$ 632$ 613$ 321$ 464$ 520$ 738$ 884 639 1,346 4,211 1 ,629 1,690 3,356 3,563 3,560 4,119 4,423 4,748 49 192 95 114 127 141
2,958 2,881 2,121 2,414 4,169 3,715 2,902 2,127 1,962 2,439 2,995 2,894 263 139 35 257 267 223
5,540 5,483 18,007 14,170 6,588 6,223 2,854 13,391 6,738 6,600 7,164 10,340 19,438 29,028 34,185 34,788 27,882 30,711 18,807 19,854 20,475 19,918 18,896 19,229 - - - 22 - 456
- - - - - -
18,807 19,854 20,475 19,940 18,896 19,685 38,245$ 48,882$ 54,660$ 54,728$ 46,778$ 50,396$ (57,310)$ (55,136)$ (53,971)$ (56,838)$ (8 5,140)$ (68,231)$ 2,285 2,308 2,889 2,604 933 (655) (55,025)$ (52,828)$ (51,082)$ (54,234)$ (84,207)$ (68,886)$ Fiscal Year
118
2014-15 2015-16 2016-17 2017-18
City of Buena Park
Changes in Net Position
Last Ten Fiscal Years
(accrual basis of accounting)
(amounts expressed in thousands)
Fiscal Year
General Revenues and Other Changes in Net Position
Governmental activities:

Property taxes 9,709$ 10,661$ 10,467$ 10,870$ Sales taxes 15,889 17,701 20,841 20,943 Property taxes in lieu of sales taxes 7,355 2,533 - - Transient occupancy taxes 5,686 6,442 6,529 6,591 Franchise taxes 2,002 1,776 1,720 1,871 Business license taxes
1 - - - -
Utility users taxes1 - - - -
Vehicle in-lieu taxes1 - - - -
Other taxes 10,940 11,424 11,549 11,965 Investment income 590 1,025 10 32 Other 136 10 356 143
Transfers 76 98 139 147
Gain/loss on sale of property - - - -
Extraordinary item - - - (7,191)
Total governmental activities 52,383 51,670 51,611 45,371 Business-type activities:

Investment income 135 300 5 11
Other - - - -
Transfers (76) (98) (139) (147)
Total business-type activities 59 202 (134) (136) Total primary government 52,442$ 51,872$ 51,477$ 45,235$ Change in Net Position
Governmental activities 158$ 5,321$ 8,483$ (9,534)$ Business-type activities 1,421 1,573 1,406 1,435 Total primary government 1,579$ 6,894$ 9,889$ (8,099)$ Source: City of Buena Park Finance Department
119
2018-19 2019-20 2020-21 2021-22 2022-23 2023-24
Fiscal Year
11,705$ 11,856 $ 12,016 $ 13,816 $ 14,778 $ 15,404 $ 25,740 24,154 27,472 33,640 35,466 38,939 - - - - - -
6,605 5,313 3,704 6,572 7,481 7,835 1,809 1,875 1,846 2,001 2,328 2,110 - 1,055 1,009 1,104 1,224 1,317 - 2,443 2,425 3,073 3,791 4,443 - 8,990 9,368 9,698 10,285 11,016 12,720 616 594 - - - 1,841 1,954 367 (1,377) 347 2,808 577 362 388 553 1,425 715 208 171 225 171 193 233
- - - - - -
- - - - - -
61,205 58,789 59,414 6 9,251 77,318 84,820 648 820 (44) (836) 280 1,344
- - - - - -
(208) (171) (225) (171) (193) (233) 440 649 (269) (1,007) 87 1,111
61,645$ 59,438$ 59,145$ 68,244$ 77,405$ 85,931$ 3,895$ 3,653$ 5,443$ 12,414$ (7,822)$ 16,589$ 2,725 2,957 2,620 1,597 1,020 456 6,620$ 6,610$ 8,063$ 14,011$ (6,802)$ 17,045$ 120
2014-15 2015-16 2016-17 2017-18 2018-19
General Fund
Nonspendable 5,882 $ 9,305 $ 10,735 $ 4,942$ 8,760$ Restricted 1,438 1,438 11,485 549 86
Assigned 5,126 5,705 7,381 6,486 7,657
Unassigned 55,697 51,697 42,771 27,201 27,836 Total general fund 68,143$ 68,145 $ 72,372 $ 39,178$ 44,339$ All Other Governmental Funds
Nonspendable -$ - $ - $ -$ -$ Restricted 43,427 43,759 43,928 41,564 43,213 Assigned 664 560 - 55 -
Unassigned - (83) (8) (482) (768) Total all other governmental fund
s 44,091$ 44,236 $ 43,920 $ 41,137$ 42,445$ Effective June 30, 2011 the City implemented GASB Statement No. 54 (refer to Notes to Financial Statements item 1-N).

Fund balances in governmental funds are reported in the following classifications: Nonspendable, Restricted, Committed, Assigned, and Unassigned.

Source: City of Buena Park Finance Department
City of Buena Park
Fund Balances - Governmental Funds
Last Ten Fiscal Years
(modified accrual basis of accounting)
(amounts expressed in thousands)
Fiscal Year
121
2019-20 2020-21 2021-22 2022-23 2023-24
8,724$ 8,738 $ 15,354$ 24,622$ 24,530$ 1,074 1,190 1,040 7,120 7,761
8,969 8,498 8,498 4,803 8,528
25,079 36,951 48,299 51,087 53,755
43,846$ 55,377 $ 73,191$ 87,632$ 94,574$ 1$ - $ -$ -$ -$
44,611 46,302 47,619 48,399 48,313
- - - - -
(695) (258) (463) (562) (2,734) 43,917$ 46,044 $ 47,156$ 47,837$ 45,579$ Fiscal Year
122
City of Buena Park
Changes in Fund Balances - Governmental Funds
Last Ten Fiscal Years
(modified accrual basis of accounting)
(amounts expressed in thousands)
Fiscal Years
2014-15 2015-16 2016-17 2017-18 2018-19
Revenues
Taxes 44,811 $ 43,400 $ 43,591 $ 44,281$ 50,005$ Licenses and permits 790 903 914 791 517 Fines and forfeitures 852 812 846 891 929 Intergovernmental 15,401 15,553 13,934 15,883 17,147 Charges for services 7,774 9,823 8,532 8,908 8,285 Investment income 789 1,137 256 369 1,837 Miscellaneous 532 966 3,796 1,488 2,017 Total revenues 70,949 72,594 71,869 72,611 80,737 Expenditures
General government 6,493 7,282 7,506 7,332 7,212 Leisure 2,481 2,882 2,939 3,154 3,184 Health 2,962 3,029 3,046 3,153 3,161 Transportation 5,066 5,654 5,407 5,961 5,355 Public protection 29,642 33,337 34,515 36,999 38,238 Development 3,907 4,827 3,791 3,894 4,125 Environmental 2,945 3,046 3,247 3,524 3,343 Debt service:

Principal retirement 1,702 4,059 22,818 18,078 2,107

Interest and other charges 353 281 210 525 439 Bond issuance costs - - 251 - -
Capital Outlay 5,464 7,683 11,119 26,024 7,060 Total expenditures 61,015 72,080 94,849 108,644 74,224 Excess (deficiency) of revenues
over (under) expenditures 9,934 514 (22,980) (36,033) 6,513 Other Financing Sources (Uses)
Transfers in 1,403 1,513 3,611 13,717 3,417 Transfers out (2,262) (2,408) (4,442) (14,573) (4,342) Insurance proceeds - - 5,626 1,481 495 Proceeds from sale of property - - - 2 386
Loss on sale of property held for resale (8,686) - - - - Proceeds from long term debt - 526 9,785 - - Proceeds from long term debt premium 507 -
Proceeds from sale of capital assets - 1 - - -
Total other financing sources (uses) (9,545) (368) 15,087 627 (44) Special items - - 10,775 6,621 -
Extraordinary item - - - (7,192) -
Net change in fund balances 389 148 2,882 (35,977) 6,469 Fund balances - July 1, restated 104,145
112,234 113,410 116,292 80,315
Fund balances - June 30 104,534$ 112,382$ 116,292 $ 80,315$ 86,784$ Debt service as a percentage of noncapital expenditures 3.61% 6.82% 27.33% 22.44% 3.74% Source: City of Buena Park Finance Department
123
Fiscal Years
2019-20 2020-21 2021-22 2022-23 2023-24
47,312 $ 58,433 $ 69,904 $ 75,353 $ 80,585 $ 538 673 942 1,335 1,332 859 546 313 2,395 1,157 26,746 24,555 19,054 13,113 3,762
7,666 8,011 12,547 10,295 9,891
1,884 1,067 (1,425) 1,323 2,935 1,663 389 554 1,485 715
86,668 93,674 101,889 105,299 100,377
7,589 6,854 7,876 8,021 8,126 3,137 2,959 3,368 4,179 4,302 3,314 5,951 6,525 7,108 7,720 5,637 5,963 6,498 6,278 4,937 40,689 42,231 44,278 47,644 44,604 3,885 4,343 3,350 4,005 3,214 3,489 3,529 3,782 4,257 4,360 480 490 400 425 5,109 384 368 352 332 2,027 - - - - -
15,851 6,506 6,202 7,034 1,445 84,455 79,194 82,631 89,284 85,845 2,213 14,480 19,258 16,015 14,532 2,785 1,174 4,204 2,377 119
(4,021) (1,994) (5,046) (3,270) (8,407) - - - - -
2 - - - -
- - - - -
- - 92,303 - 697
- - - - -
(1,234) (820) 91,461 (893) (7,591) - - (91,794) - -
- - - - -
979 13,660 18,925 15,122 6,941 86,784 87,763 101,422 120,347 87,632
87,763 $ 101,422 $ 120,347 $ 135,469 $ 94,573 $

1.25% 1.15% 0.98% 0.91% 10.01%
124
Property Tax Transient Business Utility Vehicle
Fiscal Property Sales and in Lieu of Occupancy Franchise License Users In-Lieu Other Year Tax Use Tax Sales Tax Tax Tax Tax1 Tax1 Tax1 Taxes 2014-15 9,709 15,889 7,355 5,686 2,002 - - - 10,940 2015-16 10,661 17,701 2,533 6,442 1,776 - - - 11,424 2016-17 10,467 20,841 - 6,529 1,720 - - - 11,549 2017-18 10,870 20,943 - 6,591 1,871 - - - 11,965 2018-19 11,705 25,740 - 6,605 1,809 - - - 12,720 2019-20 11,856 24,154 - 5,313 1,875 1,055 2,443 8,990 616 2020-21 12,016 27,472 - 3,704 1,846 1,009 2,425 9,368 594 2021-22 13,816 33,640 - 6,572 2,001 1,104 3,073 9,698 - 2022-23 14,778 35,466 - 7,481 2,328 1,224 3,791 10,285 - 2023-24 15,404 38,939 - 7,835 2,110 1,317 4,443 11,016 - Source: City of Buena Park Finance Department
City of
Buena Park
Governmental Activities Tax Revenues By Source
Last Ten Fiscal Years
(accrual basis of accounting)
(amounts expressed in thousands)
125
City of Buena Park
Direct and Overlapping Property Tax Rates
Last Ten Fiscal Years
(rate per $1,000 of assessed value)
Overlapping Rates
City Metro
Fiscal Direct Buena Park Water
Year Rate Schools District
2014-15 1.0000 0.2585 0.0035
2015-16 1.0000 0.2771 0.0035
2016-17 1.0000 0.3152 0.0035
2017-18 1.0000 0.3279 0.0035
2018-19 1.0000 0.3417 0.0035
2019-20 1.0000 0.3527 0.0035
2020-21 1.0000 0.3733 0.0035
2021-22 1.0000 0.3756 0.0035
2022-23 1.0000 0.3154 0.0035
2023-24 1.0000 0.3148 0.0035
Source: Orange County Auditor/Controller
126
City of Buena Park
Principal Property Tax Payers
Current Year and Nine Years Ago
2023-24 2014-15
Percentage Percentage
of Total City of Total City
Taxable Taxable Taxable Taxable
Assessed Assessed Assessed Assessed
Taxpayer Value Rank Value Value Rank Value
Knott's Berry Farm 398,927,101$ 1 28.41% 298,156,113$ 1 33.16% The Source at Beach, LLC. 184,072,276 2 13.11%
Comref So California Industiral Sub 167,812,359 3 11.95% 142,363,153 2 15.83% Centerpoint Properties Trust 145,623,279 4 10.37% PRI Buena Park Indl California LLC 115,806,547 5 8.25% 88,913,265 4 9.89% Alticor Inc 108,482,664 6 7.73% 89,673,898 3 9.97% Newkoa LLC 88,567,901 7 6.31%
6300 Regio LLC 71,259,033 8 5.08%
Verde Valley View LLC 64,332,126 9 4.58%
Bottling Group LLC 59,165,388 10 4.21% 46,265,185 8 5.15% Coventry II DDR Buena Park Place LLC 38,584,145 10 4.29% Georgia-Pacific Corporation 46,326,925 7 5.15%
J.C. Penney Properties Inc 55,801,635 5 6.21%
Metropolitan Life Insurance Co 47,596,364 6 5.29% CF II Buena Park Mall LLC 45,376,655 9 5.05%
1,404,048,674$ 100.00% 899,057,338$ 100.00%
Source: HdL Companies
Excludes government and tax-exempt property owners
127
City of Buena Park
Secured Property Tax Levies and Collections (1)
Last Ten Fiscal Years
Fiscal year Total Collected within the
ended Tax fiscal year of the levy Collections in Total collections to date June 30 Levy Amount % of Levy Subsequent Years Amount % of Levy 2014-15 6,615,614 6,444,393 97.41% 46,784 6, 491,177 98.12% 2015-16 6,807,398 6,672,282 98.02% 45,115 6,672,282 98.02% 2016-17 6,952,697 6,838,928 98.36% 39,816 6,878,744 98.94% 2017-18 6,930,627 6,820,731 98.41% 39,448 6,860,179 98.98% 2018-19 7,184,347 7,058,654 98.25% 42,790 7,101,444 98.85% 2019-20 7,698,620 7,231,343 93.93% 56,847 7,288,190 94.67% 2020-21 7,574,088 7,459,984 98.49% 53,141 7,513,125 99.20% 2021-22 7,766,639 7,640,305 98.37% 47,936 7,688,241 98.99% 2022-23 8,117,989 7,988,195 98.40% 55,700 8,043,896 99.09% 2023-24 8,400,580 8,260,663 98.33% (2) 8,260,663 98.33% (1) Property tax totals are net of 1915 act bond
(2) Information not available
Source: Orange County Auditor/Controller
128
Total
Total Taxable Direct
Fiscal Residential Commercial Industrial Other* Tax-Exempt Assessed T ax Year Property Property Property Property Property Value Rate 2014-15 5,415,224 1,456,247 1,122,370 474,918 226,042 8,694,801 1.00 2015-16 5,734,199 1,590,478 1,165,617 468,840 191,295 9,150,429 1.00 2016-17 6,003,197 1,740,740 1,182,750 489,028 203,841 9,619,556 1.00 2017-18 6,397,835 1,854,790 1,254,693 456,876 178,067 10,142,261 1.00 2018-19 6,783,616 2,080,416 1,338,189 536,919 178,729 10,917,869 1.00 2019-20 7,164,440 2,161,967 1,400,389 515,061 185,290 11,427,147 1.00 2020-21 7,499,298 2,240,680 1,463,376 507,178 191,885 11,902,417 1.00 2021-22 7,771,409 2,291,331 1,488,449 496,456 194,323 12,241,968 1.00 2022-23 8,292,285 2,356,165 1,559,184 632,113 198,206 13,037,953 1.00 2023-24 8,914,182 2,529,567 1,695,291 567,137 231,256 13,937,433 1.00 *Other property includes recreational, institutional, vacant, and miscellaneous property.

Note: In 1978 the voters of the State of California passed Proposition 13 which limited property taxes to a total maximum rate of 1% based upon the assessed value of the property being taxed. Each year, the assessed value of property may be increased by an "inflation factor" (limited to a maximum increase of 2%). With few exceptions, property is only reassessed at the time that it is sold to a new owner. At that point, the new assessed value is reassessed at the purchase price of the property sold. The assessed valuation data shown above represents the only data currently available with respect to the actual market value of taxable property and is subject to the limitations described above.

Source: Orange County Assessor, HdL Coren & Cone
City of Buena Park
Assessed Value and Actual Value of Taxable Property
Last Ten Fiscal Years
(rate per $1,000 of assessed value)
129
City of Buena Park
Ratios of Outstanding Debt by Type
Last Ten Fiscal Years
(amounts expressed in thousands, except per capita amounts) Pension Pension Total Restricted Net % of
Fiscal Revenue Obligation Notes SBITA Obligation Notes Primary for B onded Personal Per Year Bonds Bonds Payable Liability Bonds Payable Government Debt Servic e Debt Income (1) Capita (1) 2014-15 - - 7,552 - - 15 7,567 - - 0.39% 90 2015-16 - - 5,780 - - 5 5,785 - - 0.29% 69 2016-17 10,288 - 4,351 - - - 14,639 - 10,288 0.51% 123 2017-18 10,262 - 2,318 - - 4,985 17,565 - 10,262 0.49% 122 2018-19 10,237 - 210 - - 4,736 15,183 - 10,237 0.48% 123 2019-20 9,837 - 105 - - 4,486 14,428 - 9,837 0.42% 120 2020-21 9,426 - - - - 5,196 14,622 - 9,426 0.39% 115 2021-22 9,001 92,303 - - 4,082 4,890 110,276 - 105,386 4.15% 1,263 2022-23 8,551 87,366 - 52 3,864 4,585 104,418 - 99,781 3.61% 1,195 2023-24 8,080 82,702 - 542 3,658 4,279 99,261 - 94,440 2.98% 1,142 Note: Details regarding the outstanding debt can be found in the notes to the financial statements. (1) See the Schedule of Demographic and Economic Statistics for personal income and population data.

Source: City of Buena Park Finance Department
Governmental Activities Business-Type Activities
130
City of Buena Park
Direct and Overlapping Governmental Activities Debt
As of June 30, 2024
(amounts expressed in thousands)
Estimated
Estimated Share of
Debt Percentage Overlapping
Governmental Unit Outstanding Applicable (1) Debt
City of Buena Park direct debt
2017 Lease Revenue Bonds 7,755 $ 100.00% 7,755 $ Original Issuance Premium 325 100.00% 325 2021 Pension Obligation Bonds 82,702 100.00% 82,702 Software Subscription Liability 542 100.00% 542 Total Direct Debt 91,324
Overlapping debt
Metropolitan Water District 18,210 0.35% 63
Orange County and School District 1,238,891 13.28% 164,469 Total Overlapping Debt 164,532
Total direct and overlapping debt 255,856$
Source: Orange County Assessor, HdL Coren & Cone
Note: Overlapping governments are those that coincide, at least in part, with the geographic boundaries of the City. This schedule estimates the portion of outstanding debt of those overlapping governments that is borne by the residents and businesses of the City of Buena Park. This process recognizes that, when considering the government's ability to issue and repay long-term debt, the entire debt burden borne by the residents and businesses should be taken into account. However, this does not imply that every taxpayer is a resident, and therefore responsible for repaying the debt, of each overlapping government. (1) The percentage of overlapping debt applicable is estimated using taxable assessed property values.

Applicable percentages were estimated by determining the portion of the county's taxable assessed value that is within the government's boundaries and dividing it by the county's total taxable assessed value. 131

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Fiscal Year
2015 2016 2017 2018 2019
Debt limit 1,270,314$ 1,343,870$ 1,412,357$ 1,494,629$ 1,610,871$ Total net debt applicable to limit - - - - -
Legal debt margin 1,270,314$ 1,343,870$ 1,412,357$ 1,494,629$ 1,610,871$ Total net debt applicable to the limit
as a percentage of debt limit 0% 0% 0% 0% 0%
Legal Debt Margin Calculation for Fiscal Year 2023-24
Assessed value 13,419,203$
Add back: exempt real property 286,974$
Total assessed value 13,706,177$
Debt limit (15% of total assessed value) 2,055,927$
Debt applicable to limit: -
Legal debt margin 2,055,927$
Note: Under state finance law, the City of Buena Park's outstanding general obligation debt should not exceed 15 percent of total assessed property value. By law, the general obligation debt subject to the limitation may be offset by amounts set aside for repaying general obligation bonds.

Source: Orange County Assessor, HdL Coren & Cone
City of Buena Park
Legal Debt Margin Information
Last Ten Fiscal Years
(amounts expressed in thousands)
132
2020 2021 2022 2023 2024
1,686,278$ 1,756,580$ 1,807,147$ 1,925,962$ 2,055,927$ - - - - -
1,686,278$ 1,756,580$ 1,807,147$ 1,925,962$ 2,055,927$ 0% 0% 0% 0% 0%
133
City of Buena Park
Demographic and Economic Statistics
Last Ten Fiscal Years
Per
Personal Capita
Fiscal Income Personal Unemployment
Year Population (in thousands) Income Rate
2014-15 82,330 1,925,699 23,390 4.7% 2015-16 83,347 2,015,754 24,185 3.8% 2016-17 83,884 2,033,040 24,236 3.4% 2017-18 83,995 2,088,787 24,867 2.9% 2018-19 83,384 2,119,346 25,416 3.2% 2019-20 81,998 2,336,383 28,493 3.1% 2020-21 81,626 2,441,203 29,907 10.8% 2021-22 83,430 2,542,031 30,469 7.1% 2022-23 83,517 2,763,229 33,085 3.5% 2023-24 82,689 3,170,013 38,336 3.9% Source: HdL, Coren & Cone
134
City of Buena Park
Principal Employers
Current Year and Nine Years Ago
2023-24 2014-15
% of Total % of Total
City City
Employer Employees Rank Employment* Employees Rank Employment Knott's Berry Farm 4,069 1 10.65% 5,071 1 12.74% Amazon.com Services LLC 827 2 2.16%
RIA Financial/AFEX Money Express 595 4 1.56%
Pepsi 477 3 1.25% 477 5 1.20%
Porto's Bakery 402 5 1.05%
Yamaha Corporation of America 350 6 0.92% 350 7 0.88% Access Business Group LLC 341 7 0.89% 479 4 1.20% 99 Ranch (Tawa Services, Inc.) 291 8 0.76%
City of Buena Park 290 9 0.76% 278 8 0.70%
Trim-Lok, Inc. 255 10 0.67%
J.C. Penney 526 2 1.32%
Leach Corporation 483 3 1.21%
ADP 358 6 0.90%
Wal-Mart Store #5032 269 9 0.68%
John's Incredible Pizza 260 10 0.65%
Total 7,897 21.23% 8,551 21.81%
* Based upon U.S. Department of Labor's estimate of 37,200 residents employed in 2023-24 and 39,200 employed in 2014-15.

Sources: City of Buena Park Finance Department, State of California Employment Development Department 135
Function 2014-15 2015-16 2016-17 2017-18 2018-19
General Government 43 43 40.5 40.5 40
Public Safety 126 126 127 131 135
Public Works 41 41 37 37 47
Community Services 25 25 21.5 22.5 14
Community Development 16 16 16 16 16
Water 27 27 28 28 28
Total 278 278 270 275 280
Source: City of Buena Park Budget
Note: Public Works and Community Services underwent a reorganization in fiscal year 2019-20 that resulted in a variance in staffing levels compared to prior fiscal years.

City of Buena Park
Full-Time Equivalent City Employees by Function
Last Ten Fiscal Years
136
2019-20 2020-21 2021-22 2022-23 2023-24
40 39 35 35 36
135 136 136 136 141
50 49 50 50 48
14 14 13 14 14
16 16 20 20 24
26 27 26 26 31
281 281 280 281 294
137
Function: 2014-15 2015-16 2016-17 2017-18 2018-19
Police
Calls dispatched 43,051 56,163 66,096 76,955 62,111 Crime reports 9,540 9,831 9,874 10,283 9,639
Moving citations 8,973 8,803 7,124 9,096 8,395
Parking citations 16,221 14,589 18,566 16,617 18,378 Streets and Highways
Asphalt repair (in tons) 270 283 211 97 184
Curb & gutter repair (lineal ft.) 1,000 422 417 726 579 Sidewalk repair (lineal ft.) 1,300 3,893 2,143 1,679 2,389 Water
Number of customer accounts 19,300 19,481 19,391 19,520 19,573 Average daily consumption 10.9 10.6 11.1 12.1 11.6
(millions of gallons)
Water samples taken (annual) 1,200 1,200 3,000 3,000 3,000 Sewers
Feet of sewer mains root cut/
chemically treated 29,000 52,630 52,630 52,630 52,630 Maintenance
Graffiti removals 7,172 8,160 8,708 5,439 2,234
Streetsweeping miles 23,000 2,300 23,350 23,350 23,350 Trees pruned per year 5,300 5,400 1,150 1,754 1,078 Culture and Recreation
Youth sports 1,300 1,302 1,203 1,223 1,109
Aquatics classes participants 23,617 25,751 26,885 25,821 21,228 Picnic rentals 20,000
18,700 13,141 15,440 18,400
Leisure classes participants 3,752 3,655 3,709 3,969 3,762 Senior Center participants 116,112 122,216 132,410 132,504 135,048 Source: City of Buena Park
Last Ten Fiscal Years
Capital Asset Statistics by Function
City of Buena Park
138
2019-20 2020-21 2021-22 2022-23 2023-24
69,554 62,960 66,061 63,952 65,699
8,568 8,915 6,883 7,187 7,122
6,156 7,142 4,072 3,546 6,314
18,014 17,799 17,517 12,902 10,534
188 215 147 160 150
734 1,008 609 257 656
1,295 1,805 1,974 1,637 1,426
19,478 19,547 19,565 19,565 19,565

11.5 10.6 10.6 10.6 9.9
3,000 3,000 3,000 3,000 3,000
52,630 52,630 52,630 52,630 52,630
3,097 3,475 4,608 6,259 4,596
23,350 23,350 23,350 23,350 23,350
1,078 1,272 1,272 1,026 1,026
370 397 1,070 1,274 1,300
1,863 2,015 1,526 1,546 1,010
12,160 9,920 23,760 25,840 25,360
2,449
1,116 2,211 2,622 2,625
118,426 59,213 115,321 121,816 116,794
139
Function: 2014-15 2015-16 2016-17 2017-18 2018-19
Public Safety
Police stations 1 1 1 1 1
Number of patrol units 30 32 30 34 36
Highways and streets
Miles of streets 147.6 147.6 191.3 191.3 191.3 Traffic Signals 70 73 83 85 85
Water
Number of active water wells 8 8 8 8 8
Number of reservoirs 1 1 1 1 1
Miles of lines & mains 220 220 220 220 220 Sewer
Miles of sanitary sewers 168 168 168 168 168 Miles of flood control channel 21 21 21 21 21
Culture and Recreation
Number of parks 11 11 11 11 11
Number of community facilities 3 3 3 3 3
Source: City of Buena Park
City of Buena Park
Capital Asset Statistics by Function
Last Ten Fiscal Years
140
2019-20 2020-21 2021-22 2022-23 2023-24
1 1 1 1 1
36 36 33 35 37 191.3 191.3 191.3 191.3 191.3
85 85 85 84 84 8 8 8 8 8
1 1 1 1 1
220 220 220 220 220 168 168 168 168 168 21 21 21 21 21 11 11 12 12 13 3 3 3 3 3
141
City of Buena Park
City Council Regular Meeting Agenda Report
A. MEMORANDUM OF UNDERSTANDING (MOU) BETWEEN THE CITY OF BUENA PARK AND KUKKIWON

CALIFORNIA, LLC TO PROMOTE MUTUAL UNDERSTANDING AND COOPERATION IN SPREADING TAEKWONDO

CULTURE AND BRINGING COMMUNITY AND ECONOMIC DEVELOPMENT TO THE BUENA PARK COMMUNITY Meeting
Tuesday, February 25, 2025, 5:00 PM
Agenda Group
NEW BUSINESS Item: 5A.

Presented By
Eddie Fenton, Assistant City Manager
Approved By
Eddie Fenton, Assistant City Manager
Prepared By
Eddie Fenton, Assistant City Manager/Director of Human
Resources
Approved By
Aaron France, City Manager
Presented By
Eddie Fenton, Assistant City Manager/Director of Human
Resources

Buena Park City CouncilFebruary 25, 2025

Buena Park City Council
February 25, 2025