Agenda packet — Carpinteria City Council, February 3, 2025 (part 1 of 2)

City of Carpinteria
City Council Special Meeting Agenda
Monday, February 3, 2025
Council Chamber, 5775 Carpinteria Avenue, Carpinteria, CA 93013 5:30 p.m. Regular Meeting
In-Person and Virtual Participation Options
Attendance/Viewing Options:
• Attend the in-person meeting in City Council Chambers at City Hall (5775 Carpinteria Ave.).
• View the meeting live through the City’s website (https://carpinteriaca.gov/cityhall/agendas-meetings/). • View the meeting on Government Access Television Channel 21 (broadcast live and rebroadcast on the Wednesday and the Saturday following the meeting at 8:00 p.m. and 5:00 p.m., respectively).
• Call 669-900-9128 (and enter Webinar ID 849 5178 9727) to listen to the meeting. • Join the City’s Zoom webinar by CLICKING HERE. Alternatively, you can join the Zoom webinar by logging on to www.zoom.us, downloading the application, selecting “Join Meeting”, and entering Webinar ID 849 5178 9727.
• Spanish interpretation will be available at the in-person meeting and through the City’s Zoom webinar.

Public Comments
• Provide a live public comment in City Council Chambers at City Hall (5775 Carpinteria Ave.).
• Provide a live comment through the City’s Zoom webinar platform (through the link provided above). To make public comments through this platform please use the “raise your hand” feature to notify staff that you would like to make a public comment during designated public comment times. Once it is your turn to provide a public comment, staff will unmute your microphone and you will be given a designated amount of time to provide your comment. At the end of your comment, staff will once again mute your microphone.
• Submit a written comment (as either a general public comment or on a specific agenda item) to be distributed to Council Members by 12:00 P.M. on the day of the meeting by either submitting your comment via (1) email to [email protected], or (2) the eComment link on the City's agenda website available at https://carpinteriaca.gov/city-hall/agendas-meetings/. Please reference the agenda item to which your comment pertains. Although written comments become part of the record, they will not be read aloud at the meeting.

City Council Special Meeting Agenda
February 3, 2025

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Please note that the City will make every effort to make the meeting accessible virtually; however, if one of the above virtual attendance/viewing or public comment options is unavailable due to technological issues, you are invited to take advantage of one of the other participation options outlined above (including attending and providing public comment inperson in the City Council Chambers). Additional options may be made available at the meeting.

Levine Act Warning
Applicants and their agents before the City Council are subject to the campaign disclosure provisions detailed in Government Code Section 84308. No City Council Member may accept, solicit, or direct a contribution of more than $500 from any party for 12 months following the date a final decision is rendered by the City. No City Council Member may accept, solicit, or direct any contribution from an agent of the party during the same time frame. This prohibition commences when an item involving the entitlement has been placed on the City Council’s agenda for a public meeting, when the City Council Members knows the action is within the City Council’s jurisdiction and it is reasonably foreseeable that it will come before the City Council as a decisionmaker, or when the proceeding is before the City Council for its decision. A party to a City proceeding —which includes both applicants and agents—shall disclose on the record of the proceeding any contribution of more than $500 made to any Council Member by the applicant, or any donations made by the agent, during the preceding 12 months. No party to a City proceeding, or agent, shall make a contribution to a Council Member during the proceeding and for 12 months following the date a final decision is rendered by the City. Prior to rendering a decision on a City proceeding, any Council Member who received contribution of more than $500 within the preceding 12 months from any party, or who received any donations from an agent, to a proceeding shall disclose that fact on the record of the proceeding, and shall be disqualified from participating in the proceeding. However, if any Council Member receives a contribution that otherwise would require disqualification, and returns the contribution within 30 days of knowing about the contribution and the relevant proceeding, the Council Member shall be permitted to participate in the proceeding. If you believe that these provisions apply to you or a Council Member, please inform the City Clerk at the earliest possible opportunity. Failure to do so may affect the City’s ability to process your application.

CALL TO ORDER

ROLL CALL

PLEDGE OF ALLEGIANCE

PUBLIC COMMENT WILL ONLY BE HEARD CONCERNING THE AGENDIZED ITEMS BELOW
City Council Special Meeting Agenda
February 3, 2025

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ADMINISTRATIVE MATTERS:

1. Discussion and Potential Action to Adopt Resolution No. 6354, Granting Consent to the County of Santa Barbara to Establish the Santa Barbara County Wine Improvement District and Include the City of Carpinteria in the established Wine Improvement District.

Recommendation: Adopt Resolution No. 6354, granting consent to the County of Santa Barbara to establish the Santa Barbara County Wine Improvement District and include the City of Carpinteria in the established Wine Improvement District.

Staff Presenter: Ryan Kintz, Assistant City Manager
a. Staff Report
b. Public Comment
c. City Council Determination

2. Consideration of Making Appointments to the Planning Commission, Architectural Review Board, Mobile Home Rent Stabilization Board, Carpinteria Open Space Management Advisory Board, Tree Advisory Board, Downtown “T” Business Advisory Board, Integrated Pest Management Committee, Environmental Review Committee, Community Development Block Grant Committee, and Appoint Representatives to the Santa Barbara Mosquito and Vector Management District, Community Media Access Center and County Library Advisory Committee.

Recommendation: Adopt Resolution Nos. 6355 through 6364, approving public member appointments to certain City Council Advisory Groups and appoint Carpinteria public member representatives to the Santa Barbara Mosquito and Vector Management District, Community Media Access Center, and the County Library Advisory Committee, respectively, as discussed.

Staff Presenter: Brian C. Barrett, City Clerk
a. Staff Report
b. Public Comment
c. City Council Determination
OTHER BUSINESS:

3. Annual Comprehensive Financial Report (ACFR) for the Fiscal Year (FY) Ended June 30, 2024.

Recommendation: Receive and file the ACFR for the fiscal year ended June 30, 2024.

City Council Special Meeting Agenda
February 3, 2025

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Staff Presenter: Licette Maldonado, Administrative Services Director a. Staff Report
b. Public Comment
c. City Council Determination

4. Ad Hoc Harbor Seal Advisory Committee Recommendations.

Recommendation: Receive and file this report.

Staff Presenter: Jeanette Gant, Parks, Recreation & Community Services Director a. Staff Report
b. Public Comment
c. City Council Determination

5. Receive an update on the City’s Live Entertainment Licensing program and provide direction to staff.

Recommendation: Receive and file an update on the status of the City’s Live Entertainment Licensing program.

Staff Presenter: Nick Bobroff, Community Development Director a. Staff Report
b. Public Comment
c. City Council Determination

ADJOURNMENT
The next regular City Council meeting will be held February 10, 2025 at 5:30 p.m.

In compliance with the Americans with Disabilities Act, if you need assistance to participate in this meeting, please contact the City Clerk's Office at (805) 755-4403 or the California Relay Service at (866) 735-2929. Notification two business days prior to the meeting will enable the City to make reasonable arrangements for accessibility to this meeting.

Materials related to an agenda item submitted to the City Council after distribution of the agenda packet are available for public review at the City Clerk's Office, located at 5775 Carpinteria Avenue, Carpinteria, CA 93013 or by going to the City’s website at https://carpinteriaca.gov/city-hall/agendas-meetings/.

This agenda was posted on Wednesday, January 29, 2025, in the City Clerk's Office, on the City Hall Public Notices Board, and on the Internet.

City of Carpinteria

SPECIAL CITY COUNCIL AGENDA STAFF REPORT
February 3, 2025

ITEM FOR COUNCIL CONSIDERATION
Discussion and Potential Action to Adopt Resolution No. 6354, Granting Consent to the County of Santa Barbara to Establish the Santa Barbara County Wine Improvement District and Include the City of Carpinteria in the established Wine Improvement District.

STAFF RECOMMENDATION
Adopt Resolution No. 6354, granting consent to the County of Santa Barbara to establish the Santa Barbara County Wine Improvement District and include the City of Carpinteria in the established Wine Improvement District.

Sample Motion: I move to adopt Resolution No. 6354, as read by title only.

BACKGROUND
several months and has collected the necessary signatures from assessed businesses (wine tasting facility owners in Santa Barbara County) to initiate formation of the SBCWID.

A portion of the territory proposed to be included in the SBCWID lies within the boundaries of the Cities of Carpinteria, Santa Barbara, Goleta, Solvang, Buellton, Lompoc, Santa Maria, and Guadalupe (Cities). On December 17, 2024, the Santa Barbara County Board of Supervisors adopted Resolution No. 24-282 requesting consent of the Cities to form the Santa Barbara County Wine Improvement District1.

The proposed SBCWID would apply to all wine tasting facilities in the unincorporated County and the Cities. It would be the first Business Improvement District in which the County is the lead government agency and would be managed by the Santa Barbara This approach has successfully been used in other destination areas throughout the State to increase assessed wine tasting facility sales and revenue. 1 Santa Barbara County Board of Supervisors December 17, 2024 Board Letter and Attachments can be found at https://santabarbara.legistar.com/LegislationDetail.aspx?ID=7050753&GUID=F38A6104-6FDC455C-A3CD-7E48718BEAA7 Santa Barbara County Wine Improvement District
February 3, 2025

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The purpose of this agenda item is for the Council to consider adoption of Resolution No. 6354, granting consent to the County of Santa Barbara to establish the Santa Barbara County Wine Improvement District and include the City of Carpinteria in the established Wine Improvement District.

DISCUSSION
The SBCWID is a benefit assessment district proposed to create a revenue source to help Santa Barbara County wine tasting facilities.

The SBCWID would
impose an annual assessment of 1% of gross sales revenue of assessed wine tasting facilities, and collected only on purchases made within the State. The SBCWID is estimated to generate $1.65 million annually for the promotion of winery facilities specific to the County. Details of the SBCWID are included in the Management Plan2.

The SBCWID boundaries will include all wine tasting facilities, existing and in the future, located within the boundaries of the County, which includes the unincorporated areas of the County and all the Cities within the County.

The City of Carpinteria has one winery within its boundaries, Rincon Mountain Winery and the owner expressed support for the formation of the district. They emphasized the importance of being included in the Santa Barbara Wine Region map and anticipate increased visitation resulting from the establishment of the SBCWID.

The assessment rate is one percent (1%) of gross sales revenue of assessed wine tasting facilities. Based on the benefit received, assessments will not be collected on purchases made outside of the State of California or purchases made pursuant to contracts executed prior to April 1, 2025. Revenue generated from the SBCWID is intended only to provide programs and services for assessed businesses, all of which are located in California.

Assessment dollars will not be spent on any programs or activities to benefit individual wine tasting facilities outside of the State of California. Assessment dollars may be spent outside of California to elevate the notoriety of the County as a premier winery destination with the desired outcome of increased in-person visitation to businesses paying the assessment.

The proposed SBCWID will have a five (5) year term beginning April 1, 2025, or as soon as possible thereafter, and ending five (5) years from its start date. Once per year beginning on the anniversary of SBCWID formation there is a thirty (30) day period in which business owners paying fifty percent (50%) or more of the assessment may protest and begin proceedings to terminate the SBCWID.
2 Management Plan found at:
https://santabarbara.legistar.com/View.ashx?M=F&ID=13618213&GUID=0DF85B80-DB94-4E32-83C5- A1D4B342A9D2
Santa Barbara County Wine Improvement District
February 3, 2025

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A third-party collection agency will be responsible for collecting the assessment on a quarterly basis from each assessed wine tasting facility which will be forwarded to the annual report to the County to provide oversight into the management of SBCWID funds.

Estimated collected assessment revenues will be used as follows:

Use Amount Percentage
Administration Costs $330,000 20%
Contingency/Reserve $82,500 5%
Collections $33,000 2%
Promotions/Engagement $1,204,500 73%
Total $1,650,000 100%

POLICY CONSISTENCY
The City Council has the
-25
Primary Goal #3 Take Steps to Address the Fiscal Sustainability of the City.

FINANCIAL CONSIDERATIONS
No Additional Funding Requested. Minimal staff time to prepare the report is included in the Adopted FY 2024-25 General Fund Budget.

There is no direct financial impact at this time; however, because the SBCWID programs are intended to increase visitation to wine tasting facilities in the County, including the City of Carpinteria, there may be an increase in sales tax revenue.

LEGAL AND RISK MANAGEMENT CONSIDERATIONS
There are no legal nor risk management considerations presented with this report.

OPTIONS

1. Adopt Resolution No. 6354, granting consent to the County of Santa Barbara to establish the Santa Barbara County Wine Improvement District (SBCWID) and include the City of Carpinteria in the established SBCWID. (Staff recommendation)

2. Decline to adopt Resolution No. 6354 and direct staff as appropriate. Should the Council decline to adopt Resolution No. 6354 all Carpinteria-based wine tasting facilities would be left out of any marketing materials produced by SBCWID.

PRINCIPAL PARTIES EXPECTED AT MEETING
Alison Laslett, Chief Executive Officer of Santa Barbara Vintners Santa Barbara County Wine Improvement District
February 3, 2025

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ATTACHMENTS
A. Resolution No. 6354
Staff contact: Brian C. Barrett, City Clerk
(805) 755-4403, [email protected]
Signature
Reviewed by: Ryan Kintz, Assistant City Manager
(805) 755-4400, [email protected]
Signature
Reviewed by: Michael Ramirez, City Manager
(805) 755-4450, [email protected] Signature

ATTACHMENT A
Resolution No. 6354
RESOLUTION NO. 6354

A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF

CARPINTERIA, GRANTING CONSENT TO THE COUNTY OF SANTA

BARBARA TO ESTABLISH THE SANTA BARBARA COUNTY WINE

IMPROVEMENT DISTRICT (SBCWID) AND INCLUDE THE CITY OF

CARPINTERIA IN THE ESTABLISHED SBCWID
WHEREAS, the Property and Business Improvement Law of 1994, Streets and Highways Code § 36600 et seq., authorizes the County of Santa Barbara (County) to establish business improvement districts for the purpose of promoting assessment businesses; and
WHEREAS, the Santa Barbara County Vintners Association, wine tasting facility owners, and representatives from the County have met to consider the formation of the SBCWID; and
WHEREAS, the Santa Barbara County Vintners Association has drafted a Management District Plan (Plan) which sets forth the proposed boundary of the SBCWID, a service plan and budget, and a proposed means of governance; and WHEREAS, the proposed SBCWID includes all wine tasting facilities, existing and in the future, located within the boundaries of the County, which includes the unincorporated areas of the County and the cities of Carpinteria, Santa Barbara, Goleta, Solvang, Buellton, Lompoc, Santa Maria, and Guadalupe; and WHEREAS, the County has requested consent to form the SBCWID in the City of Carpinteria with adoption of Santa Barbara County Board of Supervisors Resolution No. 24-282, dated December 17, 2024.

NOW, THEREFORE, BE IT RESOLVED as follows:

SECTION 1. The above recitals are true and correct, and incorporated herein by reference.

SECTION 2. The Carpinteria City Council hereby resolves that Santa Barbara County is hereby granted consent to include the City of Carpinteria in the SBCWID, for the formation of the SBCWID and future renewals.

Resolution No. 6354

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SECTION 3. This resolution shall be effective upon adoption.

SECTION 4. The City Clerk shall certify to the passage and adoption of this Resolution and enter it into the book of original Resolutions.

SECTION 5. The Clerk of the City of Carpinteria is hereby directed to transmit a certified copy of this Resolution to the Clerk of the County of Santa Barbara.

PASSED, APPROVED AND ADOPTED on the 3rd day of February, 2025, by the following vote:

AYES: COUNCILMEMBER(S):

NOES: COUNCILMEMBER(S):

ABSENT: COUNCILMEMBER(S):

ABSTAIN: COUNCILMEMBER(S):
________________________
Mayor, City of Carpinteria
ATTEST:

______________________________
Brian C. Barrett, CMC, CPMC
City Clerk, City of Carpinteria
I hereby certify that the foregoing resolution was adopted at a special meeting of the City Council of the City of Carpinteria held on February 3, 2025. ______________________________
Brian C. Barrett, CMC, CPMC
City Clerk, City of Carpinteria
APPROVED AS TO FORM:
__________________________________
Jena Shoaf Acos, on behalf of Brownstein
Hyatt Farber Schreck, LLP acting as
City Attorney of the City of Carpinteria
City of Carpinteria

SPECIAL CITY COUNCIL AGENDA STAFF REPORT
February 3, 2025

ITEM FOR COUNCIL CONSIDERATION
Consideration of Making Appointments to the Planning Commission, Architectural Review Board, Mobile Home Rent Stabilization Board, Carpinteria Open Space Management Board, Integrated
Pest Management Committee, Environmental Review Committee, Community Development Block Grant Committee, and Appoint Representatives to the Santa Barbara Mosquito and Vector Management District, Community Media Access Center and County Library Advisory Committee.

STAFF RECOMMENDATION
Adopt Resolution Nos. 6355 through 6364, approving public member appointments to certain City Council Advisory Groups and appoint Carpinteria public member representatives to the Santa Barbara Mosquito and Vector Management District, Community Media Access Center, and the County Library Advisory Committee, respectively, as discussed.

Sample Motion: I move to adopt Resolution Nos. 6355 through 6364, as read by title only, approving public member appointments to certain City Council Advisory Groups and appoint Carpinteria public member representatives to the Santa Barbara Mosquito and Vector Management District, Community Media Access Center, and the County Library Advisory Committee, respectively, as discussed.

BACKGROUND
In accordance with Carpinteria Municipal Code (CMC), appointments to the City Council Advisory Groups (Commissions, Boards and Committees) expire every two years on January 31st following the municipal election. Each City Council Advisory Group member serves at the pleasure of the City Council and shall be appointed by the Mayor with the advice and consent of the City Council1. Each term is automatically extended until a successor is appointed. 1 CMC Chapter 2.32, Chapter 2.36 & Section 12.28.080 concerning the Planning Commission, Architectural Review Board, and Tree Advisory Board, respectively. By practice, the City Council follows the same procedures for Commission, Boards and Committees pursuant to CMC Chapter 2.24.

Biennial Appointments to City Council Advisory Groups
February 3, 2025

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On November 12, 2024, the City Council adopted Resolution No. 6346, adopting a process to appoint public members to City Council Advisory Groups and to appoint City Council representatives to outside agencies and committees and to City Council subcommittees. In addition, the Council approved a City Council Advisory Group Handbook.

Committees, and Commissions, City Council Ad Hoc Committees (if there are public member appointments), and public member appointees to other government agencies.

In accordance with the Maddy Act2, a list of all Council Advisory Groups was posted on included the current members, their terms, and the qualifications for each position.

In December 2024, the City Clerk sent an email to each of the current Council Advisory Group members letting them know that their current terms would be expiring on January 31, 2025, and if they wished to be considered for another two-year term to submit an application and supplemental questionnaire (if applicable) to the City Clerk by the close of business on January 17, 2025. Current members were also notified on the recently approved City Council Advisory Group Handbook and Appointment Policy and provid website where the Handbook and all information on the biennial (every two-year) recruitment of City Council Advisory Groups is available. Current members were also notified that the Council would be making appointments to the City Council Advisory Groups on January 27, 2025, and were encouraged to attend to provide a statement of their qualifications and respond to any Council questions should they apply.

Staff ran a quarter-page display ad (see Attachment A) in the Coastal View News on December 12, 2024, and signs were created from the display ad and posted on twelve Awith all the information on the City Council Advisory Groups and the biennial recruitment. This information was also posted on social media. Lastly, Vice Mayor Solórzano supported this effort by working with the Carpinteria Unified School District to place some of the A-frame signs on school property to help get the word out about the recruitment. The Vice Mayor also submitted a letter to the Coastal View News which was published on January 16, 2025, encouraging folks to apply to serve on a City Council Advisory Group. The recruitment efforts were very successful and the City received a total of 62 applications. Several applicants have applied for multiple positions; however, the City Council Advisory Handbook discourages individuals from serving on more than one Council Advisory Group. The decision to appoint a single individual to multiple boards remains at the discretion of the City Council.

This agenda item invites the Council to consider biennial appointments to the City Council Advisory Groups for a two-year term ending January 31, 2027. Attachment B includes a list of current members and new applicants, which will be presented during the meeting.

Resolution Nos. 6355 6364 are provided in Attachment C. 2 Maddy Act (California Government Code Section 54972)
Biennial Appointments to City Council Advisory Groups
February 3, 2025

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DISCUSSION
Planning Commission (PC)
The Planning Commission consists of five members with the qualifications for membership being residency within the city at the time of their appointment and during their tenure in office.

The following current members have submitted an application and supplemental questionnaire: Katherine Salant, Glenn LaFevers, Jane Benefield, David Allen, and John Moyer.

The City has received three new applications and supplemental questionnaires from Received applications and supplemental questionnaires are consideration in Attachment D.

Architectural Review Board (ARB)
The Architectural Review Board consists of five members with the qualifications for membership being residency within the city at the time of appointment and during tenure in office and that membership consists of a mix of lay and professional citizens skilled in the interpretation of architectural and landscape drawings and ability to evaluate the effects of proposed development upon surrounding areas.

The following current members have submitted applications and supplemental questionnaires Little, and Amy Blakemore.

The City has received two new applications and supplemental questionnaires from Amanda Martinez and Lisa Woolf.

Received applications and supplemental questionnaires are consideration in Attachment D.

Mobile Home Park Rent Stabilization Board
The Mobile Home Park Rent Stabilization Board consists of five members, all of which shall be appointed on an at-large basis. The following current members have submitted applications and supplemental questionnaires: Kathleen Mattes, Danel Trevor, and Bob Franco.

The City has received two new applications and supplemental questionnaires from Bart Dickens and Kathy Quigley.

Received applications and supplemental questionnaires are consideration in Attachment D.

Biennial Appointments to City Council Advisory Groups
February 3, 2025

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Carpinteria Open Space Management Advisory Board
The Carpinteria Open Space Management Advisory Board is comprised of seven residents from the community at-large. The following current members have submitted applications and supplemental questionnaires: Patrick Crooks, Jonathan Lewis, David Allen, James McElvain, and Ted Rhodes.

The City has received four new applications and supplemental questionnaires from Michael Wilding, Kimberly Cory, Evan Hobson, and Scout Vernon.

Received applications and supplemental questionnaires are consideration in Attachment D.

Tree Advisory Board (TAB)
The Tree Advisory Board consists of five members with the qualifications for membership being residency within the Carpinteria Valley and a composition of a mix of lay citizens and professionals from a pertinent discipline. CMC Section 12.28.080A provides examples of some of the characteristics or attributes to be used in creating a composition of board members.3 The following current members have submitted applications and supplemental questionnaires: Patrick Crooks, Diane Ledbetter, Susan Mailheau, and Dale Olivas.

The City has received two new applications and supplemental questionnaires from Susan Everett and Shelby Donald.

Received applications and supplemental questionnaires are consideration in Attachment D.
four of those regular members paying assessments within Parking and Business Improvement District No. 4, three members from the general public and three assessment paying alternates. The following current members have submitted applications and supplemental questionnaires: District No. 4 paying member Mary Beth Radley, District No. 4 paying member Kristina Calkins, District No. 4 paying member André Jackson, at-large member Lorraine McIntire, and at-large member Michelle Carlen.

The City has received three new applications and supplemental questionnaires from Kathy Quigley, Bubby Vernon, and Thomas Schmitz who qualify as at-large members. 3 These attributes are as follows: 1. Members of the public interested in trees as a major component of Carpinteria's physical and aesthetic environment; 2. Arborists, ornamental horticulturists, and landscape architects and designers, or those with a technical background in a related field. At least two members of the board shall have such a professional background; 3. Other qualified and interested persons from garden clubs, conservation and beautification organizations; 4. Members of the academic community with training in the biological or other natural sciences.

Biennial Appointments to City Council Advisory Groups
February 3, 2025

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Received applications and supplemental questionnaires are consideration in Attachment D.

Integrated Pest Management Advisory (IPM) Committee
The Integrated Pest Management Advisory Committee is comprised of no fewer than five and no more than nine members that include representation from the Parks and Recreation Department, the Public Works Department, the Carpinteria Open Space Management Advisory Board, and at least two at-large community members. The following current members have submitted applications and supplemental questionnaires: Patrick Crooks (Carpinteria Open Space Management Advisory Board Representative) and Will Carleton (atlarge member).

The City has not received any new applications nor supplemental questionnaires for this committee.

Received applications and supplemental questionnaires are consideration in Attachment D.

Environmental Review Committee (ERC)
The Environmental Review Committee is a five-member committee made up of the City Manager or his designee, the City Engineer, the Community Development Director or his designee, the City Biological Resource Specialist, and a member of the general public. The current public member Natasha Lohmus did not submit an application for reappointment.

The City has received two new applications for this committee from Daniel Ojeda Ross and Jenny Slaughter.
in Attachment D.

Community Development Block Grant (CDBG) Committee
The responsibility of this committee is to review grant applications for CDBG funds and to make recommendations to the City Council on which applications to fund. This committee meets once annually approximately in February. The Community Development Block Grant Committee is comprised of one member of the Planning Commission and two at-large community members. The following current member has submitted an application: Jessica Petrillo. Glenn LaFevers would like to be reappointed as the Planning Commission Representative to this committee.

The City has not received any new applications for this committee.

Received applications are in Attachment D.

Biennial Appointments to City Council Advisory Groups
February 3, 2025

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Library Advisory Commission
The Library Advisory Commission was established to be a conduit between the community to provide advice and feedback to the Library Board of Trustees and the City Librarian. The Commission reviews programs and services and makes necessary recommendations with the goals of increasing citizen participation. The original Library Advisory Commissioners were appointed in July 2022 for a two-year term (ending July 2024). On March 13, 2023, the Library Board of Trustees extended the term of the Library Advisory Commission to January 31, 2025, to
and Commissions. On May 28, 2024, the City Council adopted Ordinance No. 782, amending the composition of the Library Advisory Commission to also include a youth representative.

The following current members have submitted applications and supplemental questionnaires: Glynn Birdwell, Danielle Manriquez-Osborn, and Aja Forner.

The City received new applications and supplemental questionnaires from James Smart, Fred Shaw, Jessica Mayer, Katrina Barraza, Sarah Grewe, Gabriela Severt, and Thomas Schmitz.

Hazel Dugre and Klayton Bryan submitted applications and supplemental questionnaires for the Youth Representative on the Library Advisory Commission.

Received applications and supplemental questionnaires are consideration in Attachment D.

Appointed Representatives to Area Boards & Committees
In years past, public member appointments to Area Boards and Committees have been made by the City Council as a standalone matter and approved by minute order. In order to streamline the process, staff has included the appointments to the Santa Barbara Mosquito and Vector Management District, Community Media Access Center, and the County Library Advisory Committee with the biennial appointments.

The current Carpinteria representative on the Santa Barbara Mosquito and Vector Control District, Joe Franken, has submitted an application to continue to serve for another two-year term. There were no new applications received.

The current Carpinteria representative for the Community Media Access Center, Gary Dobbins, did not submit an application to continue to serve for another two-year term. There were no new applications received.

The current Carpinteria representative on the County Library Advisory Committee, Gail Marshall did not wish to continue for another two-year term. A new application was received from Glynn Birdwell (who currently serves on the Library Advisory Commission and has submitted an application to continue serving the Commission).

Received applications are in Attachment D.

FINANCIAL CONSIDERATIONS
There are no financial considerations presented with this report.

Biennial Appointments to City Council Advisory Groups
February 3, 2025

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LEGAL AND RISK MANAGEMENT CONSIDERATIONS
As per the Carpinteria Municipal Code, Commission, Board, and Committee members serve at the pleasure of the City Council and shall be appointed by the Mayor with the advice and consent of the City Council.

PRINCIPAL PARTIES EXPECTED AT MEETING
Applicants have been advised of the meeting date and invited to attend.

ATTACHMENTS
A. City Display Ad for Biennial Recruitment of City Council Advisory Groups B. List of Current Members and New Applicants
C. Resolution Nos. 6355 - 6364
D. Received Applications and Supplemental Questionnaires Staff contact: Brian C. Barrett, City Clerk
(805) 755-4403, [email protected]
Signature
Reviewed by: Ryan Kintz, Assistant City Manager
(805) 755-4400, [email protected]
Signature
Reviewed by: Michael Ramirez, City Manager
(805) 755-4450; [email protected] Signature

ATTACHMENT A
City Display Ad for Biennial Recruitment of City Council Advisory Groups

ATTACHMENT B
List of Current Members and New Applicants
Current and New Applicants
Interested in Serving for Term
Ending January 31, 2027 Notes
Appointments for the
Term Ending
January 31, 2027
Glynn Birdwell (Current)
Also Applied for County Library
Advisory Committee
1)
Danielle Manriquez-Osborn
(Current)
2)
Aja Forner (Current) 3)
James Smart (New) 4)
Fred Shaw (New) 5)
Jessica Mayer (New)
Disqualified - Related to
Councilmember
Katrina Barraza (New)
Sarah Grewe (New)
Gabriela Severt (New)
Thomas Schmitz (New)
Also Applied for Downtown "T"
Business Advisory Board
Hazel Dugre (New) Qualifies for Youth Representative
Klayton Bryan (New) Qualifies for Youth Representative

LIBRARY ADVISORY COMMISISON
Youth Representative:

Current and New Applicants
Interested in Serving for Term
Ending January 31, 2027 Notes
Appointments for the
Term Ending
January 31, 2027
Katherine Salant (Current) 1)
Glenn LaFevers (Current) 2)
Jane Benefield (Current) 3)
David Allen (Current)
Also applied for Carpinteria Open
Space Advisory Board
4)
John Moyer (Current) 5)
Alexandra VanAntwerp (New)
Patrick O'Connor (New)
Also applied for Architectural
Review Board
Daniel Ojeda Ross (New)
Also Applied for Environmental
Review Committee

PLANNING COMMISSION
Current and New Applicants
Interested in Serving for Term
Ending January 31, 2027 Notes
Appointments for the
Term Ending
January 31, 2027
Patrick Crooks (Current)
Also applied for Tree Advisory
Board and Integrated Pest
Management Committee
1)
Jonathan Lewis (Current) 2)
David Allen (Current)
Also applied for Planning
Commission
3)
James McElvain (Current) 4)
Ted Rhodes (Current) 5)
Michael Wilding (New) 6)
Kimberly Cory (New) 7)
Evan Hobson (New)
Scout Vernon (New)

CARPINTERIA OPEN SPACE MANAGEMENT ADVISORY BOARD
Current and New Applicants
Interested in Serving for Term
Ending January 31, 2027 Notes
Appointments for the
Term Ending
January 31, 2027
Richard Johnson (Current) 1)
Patrick O'Connor (Current)
Also Applied for Planning
Commission
2)
Richard Little (Current) 3)
Amy Blakemore (Current) 4)
Amanda Martinez (New) 5)
Lisa Woolf (New)

ARCHITECTURAL REVIEW BOARD
Current and New Applicants
Interested in Serving for Term
Ending January 31, 2027 Notes
Appointments for the
Term Ending
January 31, 2027
Patrick Crooks (Current)
Also Applied for Carpinteria Open
Space Management Advisory
Board and Integrated Pest
Management Committee
1)
Diane Ledbetter (Current) 2)
Susan Mailheau (Current) 3)
Dale Olivas (Current) 4)
Susan Everett (New) 5)
Shelby Donald (New)

TREE ADVISORY BOARD
Current and New Applicants
Interested in Serving for Term
Ending January 31, 2027 Notes
Appointments for the
Term Ending
January 31, 2027
Kathleen Mattes (Current) 1)
Danel Trevor (Current) 2)
Bob Franco (Current) 3)
Bart Dickens (New) 4)
Kathy Quigley (New)
Also Applied for Downtown "T"
Business Advisory Board
5)

MOBILE HOME PARK RENT STABILIZATION BOARD
Current and New Applicants
Interested in Serving for Term
Ending January 31, 2027 Notes
Appointments for the
Term Ending
January 31, 2027
Mary Beth Radley (Current) Homestead Antiques Assessment Paying Members Kristina Calkins (Current)
The Lynda Fairly Carpinteria Arts
Center
1)
André Jackson (Current) Corktree Cellars 2)
3)
4)
Lorraine McIntire (Current) At-Large Members
Michelle Carlen (Current)
Does not reside in City or
Carpinteria Valley
1)
Kathy Quigley (New)
Also Applied for Mobile Home Park
Rent Stabilization Board
2)
Bubby Vernon (New) 3)
Thomas Schmitz (New)
Also Applied for Library Advisory
Commission
DOWNTOWN "T" BUSINESS ADVISORY BOARD
Current and New Applicants
Interested in Serving for Term
Ending January 31, 2027 Notes
Appointments for the
Term Ending
January 31, 2027
Patrick Crooks (Current)
Carpinteria Open Space
Management Advisory Board
Representative
1)
Will Carleton (Current) At-Large Member 2)

INTEGRATED PEST MANAGEMENT COMMITTEE
Current and New Applicants
Interested in Serving for Term
Ending January 31, 2027 Notes
Appointments for the
Term Ending
January 31, 2027
Daniel Ojeda Ross (New)
Also Applied for Planning
Commission 1)
Jenny Slaughter (New)

ENVIRONMENTAL REVIEW COMMITTEE
Current and New Applicants
Interested in Serving for Term
Ending January 31, 2027 Notes
Appointments for the
Term Ending
January 31, 2027
Glenn LaFevers (Current)
Planning Commission
Representative
Planning Commission Rep.:

Jessica Petrillo (Current) At-Large Community Member At-Large Member:

COMMUNITY DEVELOPMENT BLOCK GRANT COMMITTEE
Current and New Applicants
Interested in Serving for Term
Ending January 31, 2027 Notes
Appointments for the
Term Ending
January 31, 2027
Joe Franken 1)
No applications received. 1)
Glynn Birdwell
Also Applied for Library Advisory
Commission 1)

SANTA BARBARA MOSQUITO AND VECTOR MANAGEMENT DISTRICT

COMMUNITY MEDIA ACCESS CENTER

COUNTY LIBRARY ADVISORY COMMITTEE

ATTACHMENT C
Resolution Nos. 6355 - 6364
RESOLUTION NO. 6355

A RESOLUTION OF THE CARPINTERIA CITY COUNCIL

APPOINTING MEMBERS TO THE LIBRARY ADVISORY COMMISSION FOR THE TERM ENDING JANUARY 31, 2027
WHEREAS, on June 14, 2021, the City Council adopted Ordinance No. 747, establishing the Carpinteria Municipal Library, Library Board of Trustees, and the Library Division of the Parks, Recreation and Public Facilities Department; and WHEREAS, on October 11, 2021, the Library Board of Trustees adopted Resolution No. 6074 establishing a Carpinteria Municipal Library Advisory Commission and adopting bylaws for its operation; and
WHEREAS, the Library Advisory Commission was established to be a conduit between the community to provide advice and feedback to the Library Board of Trustees and the City Librarian; and
WHEREAS, the Library Board of Trustees made the first appointments to the Library Advisory Commission on July 25, 2022 with a two-year term; at its meeting on March 13, 2023, the Library Board of Trustees extended the Library Advisory Commission
WHEREAS, Ordinance No. 782, adopted on May 28, 2024, added a Youth Representative from the library service area to the Commission; and WHEREAS, pursuant to Municipal Code Section 2.24.010, the terms of all appointed commissions and boards expired on January 31, 2025, and therefore all such positions are vacant subject to certain exceptions and the terms were automatically extended until a successor has been appointed; and
WHEREAS, pursuant to California Government Code Section 54970 et seq., all vacancies on appointed boards and commissions have been duly advertised and all interested persons have been invited to indicate their interest in serving; and WHEREAS, the City Council has reviewed and considered all persons who have indicated an interest in serving and recommended that certain persons be appointed to the Library Advisory Commission.

NOW, THEREFORE BE IT RESOLVED as follows:

SECTION 1. The above recitals are true and correct, and incorporated herein by reference.

Resolution No. 6355

Page 2 ends

SECTION 2. The Carpinteria City Council hereby resolves that the following appointments are approved and confirmed effective January 27, 2025, and that such appointments are to continue in effect at the pleasure of the City Council for the twoyear term ending January 31, 2027.

APPOINTED TO THE LIBRARY ADVISORY COMMISSION:

1. _________________________

2. _________________________

3. _________________________

4. _________________________

5. _________________________

6. _________________________
SECTION 3. Any appointed Commission member who fails to attend two consecutive regular meetings of the Board without excuse acceptable to the City Council shall be deemed to have resigned from said Commission and the position declared vacant.

PASSED, APPROVED AND ADOPTED on this 3rd day of February 2025, by the following called vote:

AYES: COUNCILMEMBER:

NOES: COUNCILMEMBER:

ABSENT: COUNCILMEMBER:

ABSTAIN: COUNCILMEMBER:
________________________
Mayor, City of Carpinteria
ATTEST:
_____________________________
Brian C. Barrett, CMC, CPMC
City Clerk, City of Carpinteria
Resolution No. 6355
Page
I hereby certify that the foregoing resolution was duly and regularly introduced and adopted at a special meeting of the City Council of the City of Carpinteria held the 3rd day of February 2025.
____________________________
Brian C. Barrett, CMC, CPMC
City Clerk, City of Carpinteria
APPROVED AS TO FORM:
__________________________
Jena Shoaf Acos, on behalf of
Brownstein Hyatt Farber Schreck, LLP
Acting as City Attorney of the City of Carpinteria
RESOLUTION NO. 6356

A RESOLUTION OF THE CARPINTERIA CITY COUNCIL

APPOINTING MEMBERS TO THE CARPINTERIA

PLANNING COMMISSION FOR
THE TERM ENDING JANUARY 31, 2027
WHEREAS, under the provisions of Carpinteria Municipal Code Chapter 2.32 a Planning Commission, composed of five members, exists to body and to advise the City Council on land use, planning and related matters; and WHEREAS, pursuant to Municipal Code Section 2.24.010, the terms of all appointed commissions and boards expired on January 31, 2025, and therefore all such positions are vacant subject to certain exceptions and the terms were automatically extended until a successor has been appointed; and
WHEREAS, pursuant to California Government Code Section 54970 et seq., all vacancies on appointed boards and commissions have been duly advertised and all interested persons have been invited to indicate their interest in serving; and WHEREAS, the City Council has reviewed and considered all persons who have indicated an interest in serving and has recommended that certain persons be appointed to the Commission.

NOW, THEREFORE BE IT RESOLVED as follows:

SECTION 1. The above recitals are true and correct, and incorporated herein by reference.

APPOINTED TO THE PLANNING COMMISSION:

1. _________________________

2. _________________________

3. _________________________

4. _________________________

5. _________________________
Resolution No. 6356

Page 2 ends

SECTION 3. Any appointed Commission member who fails to attend two consecutive regular meetings of the Commission without excuse acceptable to the City Council shall be deemed to have resigned from said Commission and the position declared vacant.

PASSED, APPROVED AND ADOPTED on this 3rd day of February 2025, by the following called vote:

AYES: COUNCILMEMBER:

NOES: COUNCILMEMBER:

ABSENT: COUNCILMEMBER:

ABSTAIN: COUNCILMEMBER:
________________________
Mayor, City of Carpinteria
ATTEST:
___________________________
Brian C. Barrett, CMC, CPMC
City Clerk, City of Carpinteria
I hereby certify that the foregoing resolution was duly and regularly introduced and adopted at a special meeting of the City Council of the City of Carpinteria held the 3rd day of February 2025.
___________________________
Brian C. Barrett, CMC, CPMC
City Clerk, City of Carpinteria
APPROVED AS TO FORM:
__________________________
Jena Shoaf Acos, on behalf of
Brownstein Hyatt Farber Schreck, LLP
Acting as City Attorney of the City of Carpinteria
RESOLUTION NO. 6357

A RESOLUTION OF THE CARPINTERIA CITY COUNCIL

APPOINTING MEMBERS TO THE

CARPINTERIA OPEN SPACE MANAGEMENT ADVISORY BOARD FOR
THE TERM ENDING JANUARY 31, 2027
WHEREAS, under the provisions of Carpinteria City Council Resolution No. 6002 Carpinteria Open Space Management Advisory Board was created and is composed of seven members; and
WHEREAS, the Carpinteria Open Space Management Advisory Board is needed to assist the City in its compliance with the applicable terms of relevant Conservation and Trail Easements; and
WHEREAS, pursuant to Carpinteria Municipal Code Section 2.24.010, the terms of all appointed commissions and boards expired on January 31, 2025, and therefore all such positions are vacant subject to certain exceptions and the terms were automatically extended until a successor has been appointed; and
WHEREAS, pursuant to California Government Code Section 54970 et seq., all vacancies on appointed boards and commissions have been duly advertised and all interested persons have been invited to indicate their interest in serving; and WHEREAS, the City Council has reviewed and considered all persons who have indicated an interest in serving and a standing City Council sub-Committee comprised of Mayor Clark and Councilmember Nomura has recommended that certain persons be appointed to the Board.

NOW, THEREFORE BE IT RESOLVED as follows:

SECTION 1. The above recitals are true and correct, and incorporated herein by reference.

SECTION 2. The Carpinteria City Council hereby resolves that the following appointments are approved and confirmed effective January 27, 2025, and that such appointments are to continue in effect, at the pleasure of the City Council, for the two-year term ending January 31, 2027.

APPOINTED TO THE CARPINTERIA OPEN SPACE MANAGEMENT ADVISORY BOARD:

1. ____________________________

2. ____________________________

3. ____________________________
Resolution No. 6357

Page 2 ends

4. ____________________________

5. ____________________________

6. ____________________________

7. ____________________________
SECTION 3. Any appointed Board member who fails to attend two consecutive regular meetings of the Board without excuse acceptable to the City Council shall be deemed to have resigned from said Board and the position declared vacant.

PASSED, APPROVED AND ADOPTED on this 3rd day of February 2025, by the following called vote:

AYES: COUNCILMEMBER:

NOES: COUNCILMEMBER:

ABSENT: COUNCILMEMBER:

ABSTAIN: COUNCILMEMBER:
________________________
Mayor, City of Carpinteria
ATTEST:
_____________________________
Brian C. Barrett, CMC, CPMC
City Clerk, City of Carpinteria
I hereby certify that the foregoing resolution was duly and regularly introduced and adopted at a special meeting of the City Council of the City of Carpinteria held the 3rd day of February 2025.
______________________________
Brian C. Barrett, CMC, CPMC
City Clerk, City of Carpinteria
Resolution No. 6357

Page 3 ends

APPROVED AS TO FORM:
__________________________
Jena Shoaf Acos, on behalf of
Brownstein Hyatt Farber Schreck, LLP
Acting as City Attorney of the City of Carpinteria
RESOLUTION NO. 6358

A RESOLUTION OF THE CARPINTERIA CITY COUNCIL

APPOINTING MEMBERS TO THE CARPINTERIA

ARCHITECTURAL REVIEW BOARD FOR
THE TERM ENDING JANUARY 31, 2027
WHEREAS, under the provisions of Carpinteria Municipal Code Chapter 2.36 an Architectural Review Board, composed of five members, exists to advise City staff, the Planning Commission and City Council on architectural design and landscape matters; and
WHEREAS, pursuant to Municipal Code Section 2.24.010, the terms of all appointed commissions and boards expired on January 31, 2025, and therefore all such positions are vacant subject to certain exceptions and the terms were automatically extended until a successor has been appointed; and
WHEREAS, pursuant to California Government Code Section 54970 et seq., all vacancies on appointed boards and commissions have been duly advertised and all interested persons have been invited to indicate their interest in serving; and WHEREAS, the City Council has reviewed and considered all persons who have indicated an interest in serving and has recommended that certain persons be appointed to the Board.

NOW, THEREFORE BE IT RESOLVED as follows:

SECTION 1. The above recitals are true and correct, and incorporated herein by reference.

APPOINTED TO THE ARCHITECHURAL REVIEW BOARD:

1. _________________________

2. _________________________

3. _________________________

4. _________________________

5. _________________________
Resolution No. 6358

Page 2 ends

SECTION 3. Any appointed Board member who fails to attend two consecutive regular meetings of the Board without excuse acceptable to the City Council shall be deemed to have resigned from said Board and the position declared vacant.

PASSED, APPROVED AND ADOPTED on this 3rd day of February 2025, by the following called vote:

AYES: COUNCILMEMBER:

NOES: COUNCILMEMBER:

ABSENT: COUNCILMEMBER:

ABSTAIN: COUNCILMEMBER:
________________________
Mayor, City of Carpinteria
ATTEST:
_____________________________
Brian C. Barrett, CMC, CPMC
City Clerk, City of Carpinteria
I hereby certify that the foregoing resolution was duly and regularly introduced and adopted at a special meeting of the City Council of the City of Carpinteria held the 3rd day of February 2025.
____________________________
Brian C. Barrett, CMC, CPMC
City Clerk, City of Carpinteria
APPROVED AS TO FORM:
__________________________
Jena Shoaf Acos, on behalf of
Brownstein Hyatt Farber Schreck, LLP
Acting as City Attorney of the City of Carpinteria
RESOLUTION NO. 6359

A RESOLUTION OF THE CARPINTERIA CITY COUNCIL

APPOINTING MEMBERS TO THE CARPINTERIA

TREE ADVISORY BOARD FOR
THE TERM ENDING JANUARY 31, 2027
WHEREAS, under the provisions of Carpinteria Municipal Code Chapter 12.28, a Tree Advisory Board, composed of five members, exists to advise the City Council on street tree and other tree and planting matters; and
WHEREAS, pursuant to Municipal Code Section 2.24.010, the terms of all appointed commissions and boards expired on January 31, 2025, and therefore all such positions are vacant subject to certain exceptions and the terms were automatically extended until a successor has been appointed; and
WHEREAS, pursuant to California Government Code Section 54970 et seq., all vacancies on appointed boards and commissions have been duly advertised and all interested persons have been invited to indicate their interest in serving; and WHEREAS, the City Council has reviewed and considered all persons who have indicated an interest in serving and has recommended that certain persons be appointed to the Board.

NOW, THEREFORE BE IT RESOLVED as follows:

SECTION 1. The above recitals are true and correct, and incorporated herein by reference.

APPOINTED TO THE TREE ADVISORY BOARD:

1. __________________________

2. __________________________

3. __________________________

4. __________________________

5. __________________________
Resolution No. 6359

Page 2 ends

PASSED, APPROVED AND ADOPTED on this 3rd day of February 2025, by the following called vote:

AYES: COUNCILMEMBER:

NOES: COUNCILMEMBER:

ABSENT: COUNCILMEMBER:

ABSTAIN: COUNCILMEMBER:
________________________
Mayor, City of Carpinteria
ATTEST:
_____________________________
Brian C. Barrett, CMC, CPMC
City Clerk, City of Carpinteria
I hereby certify that the foregoing resolution was duly and regularly introduced and adopted at a special meeting of the City Council of the City of Carpinteria held the 3rd day of February 2025.
______________________________
Brian C. Barrett, CMC, CPMC
City Clerk, City of Carpinteria
APPROVED AS TO FORM:
__________________________
Jena Shoaf Acos, on behalf of
Brownstein Hyatt Farber Schreck, LLP
Acting as City Attorney of the City of Carpinteria
RESOLUTION NO. 6360

A RESOLUTION OF THE CARPINTERIA CITY COUNCIL

APPOINTING MEMBERS TO THE CARPINTERIA

MOBILE HOME PARK RENT STABILIZATION BOARD FOR
THE TERM ENDING JANUARY 31, 2027
WHEREAS, under the provisions of Carpinteria Municipal Code Chapter 5.69 a Mobile Home Park Rent Stabilization Board, composed of five members, exists to approve, set and adjust the rent schedule and maximum rents for mobile home tenancies in the City in accordance with Chapter 5.69; and WHEREAS, pursuant to Municipal Code Section 2.24.010, the terms of all appointed commissions and boards expires on January 31, 2025, and therefore all such positions are vacant subject to certain exceptions and the terms were automatically extended until a successor has been appointed; and
WHEREAS, pursuant to California Government Code Section 54970 et seq., all vacancies on appointed boards and commissions have been duly advertised and all interested persons have been invited to indicate their interest in serving; and WHEREAS, the City Council has reviewed and considered all persons who have indicated an interest in serving and has recommended that certain persons be appointed to the Board.

NOW, THEREFORE BE IT RESOLVED as follows:

SECTION 1. The above recitals are true and correct, and incorporated herein by reference.

APPOINTED TO THE MOBILE HOME PARK RENT STABILIZATION BOARD:

1. _________________________

2. _________________________

3. _________________________

4. _________________________

5. _________________________
Resolution No. 6360

Page 2 ends

PASSED, APPROVED AND ADOPTED on this 3rd day of February 2025, by the following called vote:

AYES: COUNCILMEMBER:

NOES: COUNCILMEMBER:

ABSENT: COUNCILMEMBER:

ABSTAIN: COUNCILMEMBER:
________________________
Mayor, City of Carpinteria
ATTEST:
____________________________
Brian C. Barrett, CMC, CPMC
City Clerk, City of Carpinteria
I hereby certify that the foregoing resolution was duly and regularly introduced and adopted at a special meeting of the City Council of the City of Carpinteria held the 3rd day of February 2025.
_____________________________
Brian C. Barrett, CMC, CPMC
City Clerk, City of Carpinteria
APPROVED AS TO FORM:
__________________________
Jena Shoaf Acos, on behalf of
Brownstein Hyatt Farber Schreck, LLP
Acting as City Attorney of the City of Carpinteria
RESOLUTION NO. 6361

A RESOLUTION OF THE CARPINTERIA CITY COUNCIL

APPOINTING MEMBERS TO THE CARPINTERIA
FOR
THE TERM ENDING JANUARY 31, 2027
WHEREAS, under the provisions of Carpinteria City Council Resolution No. 1882, a Parking and Business Improvement Area Advisory Board also known as the Business Advisory Board (DTBAB), exists to advise the City Council on parking and business improvement matters within a designated retail business area of the City; and
WHEREAS, under the provisions of Carpinteria City Council Resolution No.5902, a seven-member board consisting of four individuals paying assessments for Parking and Business Improvement District No. 4 and three at-large members, as determined by the City Council, shall be appointed, as well as three alternate assessment-paying members to serve on the DTBAB; and
WHEREAS, pursuant to Municipal Code Section 2.24.010, the terms of all appointed commissions and boards expired on January 31, 2025, and therefore all such positions are vacant subject to certain exceptions and the terms were automatically extended until a successor has been appointed; and
WHEREAS, pursuant to California Government Code Section 54970 et seq., all vacancies on appointed boards and commissions have been duly advertised and all interested persons have been invited to indicate their interest in serving; and WHEREAS, the City Council has reviewed and considered all persons who have indicated an interest in serving and has recommended that certain persons be appointed to the Board.

NOW, THEREFORE BE IT RESOLVED as follows:

SECTION 1. The above recitals are true and correct, and incorporated herein by reference.

Resolution No. 6361

Page 2 ends

APPOINTED TO THE :

1. ___________________________________________

2. ___________________________________________

3. ___________________________________________

4. ___________________________________________

5. ___________________________________________

6. ___________________________________________

7. ___________________________________________

8. ___________________________________________

9. ___________________________________________

10. ___________________________________________
SECTION 3. Any appointed Board member who fails to attend two consecutive regular meetings of the Board without excuse acceptable to the City Council shall be deemed to have resigned from said Board and the position declared vacant.

PASSED, APPROVED AND ADOPTED this 3rd day of February 2025, by the following called vote:

AYES: COUNCILMEMBER:

NOES: COUNCILMEMBER:

ABSENT: COUNCILMEMBER:

ABSTAIN: COUNCILMEMBER:
________________________
Mayor, City of Carpinteria
ATTEST:
_____________________________
Brian C. Barrett, CMC, CPMC
City Clerk, City of Carpinteria
Resolution No. 6361

Page 3 ends

I hereby certify that the foregoing resolution was duly and regularly introduced and adopted at a special meeting of the City Council of the City of Carpinteria held the 3rd day of February 2025.
______________________________
Brian C. Barrett, CMC, CPMC
City Clerk, City of Carpinteria
APPROVED AS TO FORM:
__________________________
Jena Shoaf Acos, on behalf of
Brownstein Hyatt Farber Schreck, LLP
Acting as City Attorney of the City of Carpinteria
RESOLUTION NO. 6362

A RESOLUTION OF THE CARPINTERIA CITY COUNCIL

APPOINTING MEMBERS TO THE

INTEGRATED PEST MANAGEMENT ADVISORY COMMITTEE
FOR THE TERM ENDING JANUARY 31, 2027
WHEREAS, the Carpinteria City Council on January 9, 2012, approved the establishment of the Integrated Pest Management Advisory Committee, to be composed of no more than seven members of the general public; and WHEREAS, the Integrated Pest Management Advisory Committee is needed to ; and
WHEREAS, pursuant to Carpinteria Municipal Code Section 2.24.010, the terms of all appointed commissions, boards and committees expired on January 31, 2025, and therefore all such positions are vacant subject to certain exceptions and the terms were automatically extended until a successor has been appointed; and WHEREAS, pursuant to California Government Code Section 54970 et seq., all vacancies on appointed boards and commissions have been duly advertised and all interested persons have been invited to indicate their interest in serving; and WHEREAS, the City Council has reviewed and considered all persons who have indicated an interest in serving and has recommended that certain persons be appointed to the Committee.

NOW, THEREFORE BE IT RESOLVED as follows:

SECTION 1. The above recitals are true and correct, and incorporated herein by reference.

SECTION 2. The Carpinteria City Council hereby resolves that the following appointments are approved and confirmed effective January 27, 2025, and that such appointments are to continue in effect, at the pleasure of the City Council, for the twoyear term ending January 31, 2027.

APPOINTED TO INTEGRATED PEST MANAGEMENT ADVISORY
COMMITTEE:

1. _________________________

2. _________________________

3. _________________________

4. _________________________

5. _________________________
Resolution No. 6362

Page 2 ends

6. _________________________

7. _________________________
SECTION 3. Any appointed Committee member who fails to attend two consecutive regular meetings of the Committee without excuse acceptable to the City Council shall be deemed to have resigned from said Committee and the position declared vacant.

PASSED, APPROVED AND ADOPTED on this 3rd day of February 2025, by the following called vote:

AYES: COUNCILMEMBER:

NOES: COUNCILMEMBER:

ABSENT: COUNCILMEMBER:

ABSTAIN: COUNCILMEMBER:
________________________
Mayor, City of Carpinteria
ATTEST:
_____________________________
Brian C. Barrett, CMC, CPMC
City Clerk, City of Carpinteria
I hereby certify that the foregoing resolution was duly and regularly introduced and adopted at a special meeting of the City Council of the City of Carpinteria held the 3rd day of February 2025.
______________________________
Brian C. Barrett, CMC, CPMC
City Clerk, City of Carpinteria
Resolution No. 6362
Page
APPROVED AS TO FORM:
__________________________
Jena Shoaf Acos, on behalf of
Brownstein Hyatt Farber Schreck, LLP
Acting as City Attorney of the City of Carpinteria
RESOLUTION NO. 6363

A RESOLUTION OF THE CARPINTERIA CITY COUNCIL

APPOINTING MEMBERS TO THE CARPINTERIA

ENVIRONMENTAL REVIEW COMMITTEE FOR
THE TERM ENDING JANUARY 31, 2027
WHEREAS, Carpinteria City Council Resolution No. 4082, adopted updated and revised environmental review regulations pursuant to the California Environmental Quality Act of 1970 and Carpinteria Municipal Chapter 8.48, as amended; and WHEREAS, Carpinteria City Council Resolution No. 4418 provides for an increase in the Environmental Review Committee membership from three to five members, composed of the City Manager or his/her designee, the City Engineer, the Community Development Director or his/her designee, the City Biological Resource Specialist, and a member of the general public, and exists to provide direct input to the ; and
WHEREAS, pursuant to Municipal Code Section 2.24.010, the terms of all appointed commissions, boards and committees expires on January 31, 2025, and therefore all such positions are vacant subject to certain exceptions and the terms were automatically extended until a successor has been appointed; and WHEREAS, pursuant to California Government Code Section 54970 et seq., all vacancies on appointed commissions, boards and committees have been duly advertised and all interested persons have been invited to indicate their interest in serving; and
WHEREAS, the City Council has reviewed and considered all person(s) who have indicated an interest in serving and has recommended that a certain person be appointed to the Committee.

NOW, THEREFORE BE IT RESOLVED as follows:

SECTION 1. The above recitals are true and correct, and incorporated herein by reference.

SECTION 2. The Carpinteria City Council hereby resolves that the following appointment is approved and confirmed effective January 27, 2025, and that such appointment is to continue in effect at the pleasure of the City Council for the two-year term ending January 31, 2027.

APPOINTED TO THE ENVIRONMENTAL REVIEW COMMITTEE:

1. _________________________
Resolution No. 6363

Page 2 ends

SECTION 3. Any appointed Committee member who fails to attend two consecutive regular meetings of the Committee without excuse acceptable to the City Council shall be deemed to have resigned from said Committee and the position declared vacant.

PASSED, APPROVED AND ADOPTED on this 3rd day of February 2025, by the following called vote:

AYES: COUNCILMEMBER:

NOES: COUNCILMEMBER:

ABSENT: COUNCILMEMBER:

ABSTAIN: COUNCILMEMBER:
________________________
Mayor, City of Carpinteria
ATTEST:
_____________________________
Brian C. Barrett, CMC, CPMC
City Clerk, City of Carpinteria
I hereby certify that the foregoing resolution was duly and regularly introduced and adopted at a special meeting of the City Council of the City of Carpinteria held the 3rd day of February 2025.
______________________________
Brian C. Barrett, CMC, CPMC
City Clerk, City of Carpinteria
Resolution No. 6363
Page
APPROVED AS TO FORM:
__________________________
Jena Shoaf Acos, on behalf of
Brownstein Hyatt Farber Schreck, LLP
Acting as City Attorney of the City of Carpinteria
RESOLUTION NO. 6364

A RESOLUTION OF THE CARPINTERIA CITY COUNCIL

APPOINTING MEMBERS TO THE

COMMUNITY DEVELOPMENT BLOCK GRANT COMMITTEE
FOR THE TERM ENDING JANUARY 31, 2027
WHEREAS, the Carpinteria City Council on December 11, 2006, approved by Council action the Community Development Block Grant Committee which is composed of one member of the Planning Commission and two members from the general public at large; and
WHEREAS, the Community Development Block Grant Committee is needed to assist the City to review funding applications and make recommendations to the City Council on which applications to fund; and
WHEREAS, pursuant to Carpinteria Municipal Code Section 2.24.010, the terms of all appointed commissions, boards and committees expires on January 31, 2025, and therefore all such positions are vacant subject to certain exceptions and the terms were automatically extended until a successor has been appointed; and WHEREAS, pursuant to California Government Code Section 54970 et seq., all vacancies on appointed boards and commissions have been duly advertised and all interested persons have been invited to indicate their interest in serving; and WHEREAS, the City Council has reviewed and considered all persons who have indicated an interest in serving and a standing City Council sub-Committee comprised of Mayor Clark and Councilmember Nomura has recommended that certain persons be appointed to the Committee.

NOW, THEREFORE BE IT RESOLVED as follows:

SECTION 1. The above recitals are true and correct, and incorporated herein by reference.

SECTION 2. The Carpinteria City Council hereby resolves that the following appointments are approved and confirmed effective January 27, 2025, and that such appointments are to continue in effect, at the pleasure of the City Council, for the twoyear term ending January 31, 2027.

APPOINTED TO COMMUNITY DEVELOPMENT BLOCK GRANT COMMITTEE:

1. ___________________________

2. ___________________________

3. ___________________________
Resolution No. 6364

Page 2 ends

PASSED, APPROVED AND ADOPTED on this 3rd day of February 2025, by the following called vote:

AYES: COUNCILMEMBER:

NOES: COUNCILMEMBER:

ABSENT: COUNCILMEMBER:

ABSTAIN: COUNCILMEMBER:
________________________
Mayor, City of Carpinteria
ATTEST:
_____________________________
Brian C. Barrett, CMC, CPMC
City Clerk, City of Carpinteria
I hereby certify that the foregoing resolution was duly and regularly introduced and adopted at a special meeting of the City Council of the City of Carpinteria held the 3rd day of February 2025.
______________________________
Brian C. Barrett, CMC, CPMC
City Clerk, City of Carpinteria
APPROVED AS TO FORM:
__________________________
Jena Shoaf Acos, on behalf of
Brownstein Hyatt Farber Schreck, LLP
Acting as City Attorney of the City of Carpinteria

ATTACHMENT D
Received Applications and Supplemental Questionnaires

City of Carpinteria

SPECIAL CITY COUNCIL AGENDA STAFF REPORT
February 3, 2025

ITEM FOR COUNCIL CONSIDERATION
Annual Comprehensive Financial Report for the Fiscal Year Ended June 30, 2024.

STAFF RECOMMENDATION
Receive and file the Annual Comprehensive Financial Report for the fiscal year ended June 30, 2024.

Sample Motion: I move to receive and file the Annual Comprehensive Financial Report.

BACKGROUND
The purpose of the annual financial audit is to assess whether the City’s financial statements are presented fairly and in accordance with applicable laws and regulations.

The audit serves as a vital check to assure decision-makers and the public that the City's financial reports are reliable. It also provides management and the Council with insights into any deficiencies in internal controls that may exist.

The City was recognized with the Government Finance Officers Association’s (GFOA) Certificate of Achievement for Excellence in Financial Reporting for its Annual Comprehensive Financial Report (ACFR) for the 2022/23 fiscal year. This marks the 26th consecutive year that the City’s ACFR has received this prestigious distinction. We believe that the 2023/24 ACFR also meets the GFOA’s Certificate of Achievement Program requirements and has been submitted to the GFOA for review and eligibility for this recognition.

The various reports included in this staff report are listed below:

1. Annual Comprehensive Finance Report

2. Independent Auditors' Report on Internal Control over Financial Reporting and on Compliance and Other Matters Based on an Audit of Financial Statements Performed in Accordance with Government Auditing Standards Monthly City Treasurer’s Report
February 3, 2025

Page 2 ends

3. Independent Accountants' Report on Agreed-Upon Procedures Applied to Appropriation Limit Worksheets

4. Letter to Those Charged with Governance
The ACFR has been distributed to Councilmembers under separate cover. The ACFR can also be viewed on the web via the following link:
https://carpinteriaca.gov/city-hall/administrative-services-finance/

DISCUSSION
The auditors have issued an unmodified ("clean") opinion of the financial statements in the Annual Comprehensive Financial Report (ACFR) provided in Attachment A, meaning that, in their opinion, the statements present fairly, in all material respects, the financial position of the City in conformity with generally accepted accounting principles.

For further details, please refer to the attached Independent Auditors’ Report on Internal Controls, Auditor’s report on appropriations limit calculation (GANN Limit), and Letter to Those Charged with Governance (Attachments B–D).

POLICY CONSISTENCY
Resolution No. 6247 adopted June 26, 2023, approves the Budget and Fiscal Policies.

The following table outlines the 2024 General Fund (includes reserves and Measure X) balance components, detailing the allocation among various reserves and a comparison to the prior year’s levels.

The fund balance restricted for Pension Stabilization represents the available balance set aside to help mitigate the annual increases in CalPERS unfunded liability.

Fund Balances FY 2024 FY 2023 Variance
Nonspendable $ 6,074 $ - $ 6,074
Restricted:

Pension Stabilization 1,270,124 1,172,172 97,952
Committed:

Major Asset Replacement and Repair Reserve 1,080,447 1,067,448 12,999 Financial and Economic Uncertainty Reserve 5,327,794 4,933,100 394,694 General Reserve - Special Projects 832,645 797,739 34,906 Assigned:

Improvements and services 5,171,629 4,813,735 357,894
Total Nonspendable/Restricted/Committed/Assigned 13,688,713 12,784,194 904,519 Unassigned Fund Balance (AFB) 2,495,282 3,919,558 (1,424,276) Total Fund Balance $ 16,183,995 $ 16,703,752 $ (519,757) Monthly City Treasurer’s Report
February 3, 2025

Page 3 ends

The committed fund balance includes $1.1 million allocated for Major Asset Replacement, $5.3 million for Economic Uncertainties, and $833 thousand for Special Projects.

The $5.3 million committed to Economic Uncertainties aligns with the City’s reserve policy, which stipulates that reserves should cover at least 40% of operating expenditures.

The $1.1 million designated for Major Asset Replacement and Repair meets the policy level of $1.0 million, while the $833 thousand set aside for Special Projects does not meet the policy level of $1.0 million as of the end of FY 2024.

FINANCIAL AND RISK MANAGEMENT CONSIDERATIONS
The following table illustrates original and final budgets versus actual for the General Fund (includes reserves and Measure X) for Fiscal Year 2023/24.

The final budget projected a change in fund balance of $2.3 million, resulting in an ending fund balance of $14.4 million. However, actual activity led to a change in fund balance of $520 thousand, bringing the ending fund balance to $16.2 million.

General Fund revenues were $344 thousand higher than budgeted. This was primarily due to $352 thousand in Interest Income and $104 thousand more in Property Tax receipts than projected. These gains were partially offset by a $76 thousand shortfall in Transient Occupancy Tax revenue and a $77 thousand decrease in Intergovernmental (grant) revenues compared to the budget.

General Fund expenditures were $840 thousand lower than budgeted. This was mainly due to $371 thousand in Professional Services costs being lower than anticipated, $214 thousand in Personnel Costs savings due to vacancies throughout the year, and $123 thousand in Other Operating Expenses being under budget.

Original Final Actual Variance
Revenues $16,553,300 $16,753,550 $17,097,662 $ 344,112
Expenditures (15,247,850) (14,283,300) (13,443,799) 839,501 Net Transfers (6,250,450) (4,810,089) (4,173,620) 636,469 Changes in fund balances (4,945,000) (2,339,839) (519,757) 1,820,082 Fund Balance - Beginning of year 15,703,752 16,703,752 16,703,752 - Fund Balance - End of year $10,758,752 $14,363,913 $16,183,995 $1,820,082 Budget Amounts
Monthly City Treasurer’s Report
February 3, 2025

Page 4 ends

For additional details on the General Fund’s Budget to Actual performance, please refer to page 54 of the ACFR.

The table below summarizes the budgeted and actual ending fund balances for each of the City’s funds.

Overall, the City’s combined ending fund balance was $22.5 million, reflecting an increase of $1.7 million over the budgeted fund balance of $20.9 million. At the end of fiscal year 2024, all City funds had a zero or positive fund balance. For additional details, please refer to the Management’s Discussion and Analysis section, which begins on page 5 of the ACFR.

PRINCIPAL PARTIES EXPECTED AT MEETING
Auditor.

ATTACHMENTS
Attachment A: Annual Comprehensive Financial Report
Budget Audited
FUND Fund Balances Fund Balances Variance
101 General Fund $ 1,638,964 $ 2,591,592 $ 952,628
101 General Reserve - Economic Uncertainties 5,327,794 5,327,794 - 101 General Fund (Nonspendable/Restricted) 1,179,887 1,179,887 - 102 General Reserve - Special Projects 803,939 832,645 28,706 103 Capital Asset Replacement GF 1,037,848 1,080,448 42,600 104 Measure X Fund 4,375,481 5,171,629 796,148
201 Traffic Safety Fund 66,576 84,722 18,146
202 Library Fund - 66,205 66,205
203 Road Maintenance Rehab Fund 77 64,592 64,515
204 Park Maintenance Fund - - -
205 Gas Tax Fund 473,488 571,155 97,667
206 Local Transportation Fund 5,407 6,566 1,159
207 Tidelands Trust Fund 504,339 612,166 107,827
208 Street Lighting Fund 505,449 541,062 35,613
209 R-O-W Assessment District Fund - - -
210 PBIA Fund 20,915 22,498 1,583
211 AB 939 Fund - 51,149 51,149
213 Recreation Services Fund - - -
214 Housing Fund 431,290 467,389 36,099
215 Measure A Fund 1,384,775 1,515,157 130,382
216 Revolving Fund - - -
217 Peg Fees Fund 13,373 29,810 16,437
301 Capital Improvement Projects Fund 3,093,474 2,299,711 (793,763) Total All Funds $ 20,863,076 $ 22,516,177 $ 1,653,101
Monthly City Treasurer’s Report
February 3, 2025

Page 5 ends

Attachment B: Auditor’s report on internal controls
Attachment C: Auditor’s report on appropriations limit calculation (GANN Limit) Attachment D: Auditor’s required Letter to Those Charged with Governance Staff contact:

Licette Maldonado, Administrative Services Director
[email protected]; (805) 755-4448 Signature
Reviewed by: Ryan Kintz, Assistant City Manager
[email protected]; (805) 755-4400 Signature
Reviewed by: Michael Ramirez, City Manager
[email protected]; (805) 755-4450 Signature

ATTACHMENT A
Annual Comprehensive Financial Report – (distributed under separate cover)

CITY OF CARPINTERIA

CALIFORNIA

ANNUAL COMPREHENSIVE

FINANCIAL REPORT
FOR THE FISCAL YEAR ENDED JUNE 30, 2024

PREPARED BY THE ADMINISTRATIVE SERVICES DEPARTMENT

LICETTE MALDONADO, ADMINISTRATIVE SERVICES DIRECTOR

City of Carpinteria
Annual Comprehensive Financial Report
June 30, 2024

TABLE OF CONTENTS
INTRODUCTORY SECTION:

Letter of Transmittal .................................................................................................................. i Certificate of Achievement for Excellence in Financial Reporting ........................................... vii Organizational Structure and Director of City Officials .......................................................... viii FINANCIAL SECTION:

Independent Auditor’s Report .................................................................................................. 1 Management’s Discussion and Analysis .................................................................................. 5 Basic Financial Statements:

Government-Wide Financial Statements:

Statement of Net Position .................................................................................................. 18 Statement of Activities ....................................................................................................... 19 Fund Financial Statements:

Balance Sheet Governmental Funds ................................................................................. 21 Reconciliation of the Governmental Funds - Balance Sheet to the Statement of Net Position ............................................................................................... 23 Statement of Revenues, Expenditures and Changes in Fund Balance - Governmental Funds ...................................................................................................... 24 Reconciliation of the Governmental Funds Statement of Revenues, Expenditures and Changes in Fund Balance to the Statement of Activities .......................................... 26 Notes to the Basic Financial Statements ............................................................................. 27 Required Supplementary Information:

Note to Required Supplementary Information ...................................................................... 53 Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual General Fund .................................................................................................................... 54 Revolving Fund Special Revenue Fund ............................................................................ 55 Measure A Special Revenue Fund .................................................................................... 56 Housing Special Revenue Fund ........................................................................................ 57 Tidelands Trust Special Revenue Fund .............................................................................. 58 Schedule of Proportionate Share of Net Pension Liability and Related Ratios ................... 59 Schedule of Pension Contributions ................................................................................... 60 Schedule of Changes in OPEB Liability and Related Ratios .............................................. 61 Supplementary Information:

Major Governmental Funds:

Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget to Actual Capital Improvements Fund .............................................................................................. 62 Non-Major Governmental Funds:

Combining Balance Sheet – Nonmajor Governmental Funds ............................................ 65 Combining Statement of Revenues, Expenditures and Changes in Fund Balance ............ 67 City of Carpinteria
Annual Comprehensive Financial Report
June 30, 2024
TABLE OF CONTENTS, (Continued)
FINANCIAL SECTION, (Continued):

Non-major Governmental Funds Schedule of Revenues, Expenditures, and Changes In Fund Balance - Budget and Actual
Traffic Safety Fund ......................................................................................................... 69 Road Maintenance Rehabilitation Fund .......................................................................... 70 Park Maintenance Fund .................................................................................................. 71 Gas Tax Fund ................................................................................................................. 72 Local Transportation Fund .............................................................................................. 73 Street Lighting District Fund ............................................................................................ 74 Right-of-Way Fund .......................................................................................................... 75 Parking and Business Improvement Fund ....................................................................... 76 AB939 Solid Waste Fund ................................................................................................ 77 Recreation Services Fund ............................................................................................... 78 PEG Fee Fund ................................................................................................................ 79 Library Fund ................................................................................................................... 80 STATISTICAL SECTION:

Financial Trends Information:

Schedule of Net Position by Component - Last Ten Fiscal Years ........................................ 82 Schedule of Changes in Net Position - Last Ten Fiscal Years ............................................. 83 Schedule of Fund Balances of Governmental Funds - Last Ten Fiscal Years ...................... 85 Schedule of Revenues Expenditures and Changes in Fund Balance of Governmental Funds and Debt Service Ratio - Last Ten Fiscal Years .......................... 87 Revenue Capacity Information:

Tax Revenues by Source Governmental Funds - Last Ten Fiscal Years ............................. 89 Assessed and Estimated Actual Value of Taxable Property - Last Ten Fiscal Years ........... 90 Direct and Overlapping Property Tax Rates - Last Ten Fiscal Years ................................... 91 Principal Property Tax Payers - Current Year and Nine Years Ago ..................................... 92 Property Tax Levies and Collections - Last Ten Fiscal Years .............................................. 93 Debt Capacity Information:

Ratio of Outstanding Debt by Type - Last Ten Fiscal Years ................................................. 94 Ratio of General Bonded Debt Outstanding - Last Ten Fiscal Years ................................... 95 Direct and Overlapping Governmental Activities Debt - Current Year .................................. 96 Legal Debt Margin Information - Last Ten Fiscal Years ....................................................... 97 Pledged Revenue Coverage - Last Ten Fiscal Years .......................................................... 98 Demographic and Economic Information:

Demographic and Economic - Last Ten Fiscal Years .......................................................... 99 Principal Employers - Current Year and Nine Years Ago ................................................... 100 Employees by Function - Last Ten Fiscal Years ................................................................ 101 Operating Indicators by Function Program - Last Ten Fiscal Years ................................... 102 Capital Asset Statistics by Function - Last Ten Fiscal Years .............................................. 103

INTRODUCTORY SECTION

City of Carpinteria
Administrative Services Department
5775 Carpinteria Avenue
Carpinteria, California 93013
805-684-5405
December 20, 2024
-iHonorable Mayor, Members of the City Council, and Citizens of the City of Carpinteria, California:

The City of Carpinteria (City) is pleased to present the Annual Comprehensive Financial Report (ACFR) for the fiscal year ended June 30, 2024. State law requires all general-purpose local governments, within seven months of the close of each fiscal year, to publish a complete set of financial statements presented in conformity with generally accepted accounting principles (GAAP) and audited in accordance with generally accepted auditing standards by a firm of licensed certified public accountants.

Responsibility for the accuracy of the data and the fairness of presentation, including all notes and disclosures, rests with the City. To the best of our knowledge and belief, the enclosed data is accurate in all material respects and is reported in a manner designed to present fairly the financial position and results of operations of the various funds of the City. All material statements and disclosures necessary for the reader to obtain a reasonable understanding of the City’s financial activities are included. City management has an established comprehensive internal control framework 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 GAAP. Because the cost of internal controls should not outweigh the anticipated benefits, the City’s comprehensive framework of internal controls is designed to provide reasonable, rather than absolute, assurance that the financial statements will be free from material misstatements.

Rogers, Anderson, Malody & Scott, LLP, a Certified Public Accountant Firm selected by the City Council to perform the audit of the financial statements for the fiscal year ended June 30, 2024, has audited the City’s financial statements. The goal of the independent audit was to provide reasonable assurance that the financial statements of the City are free of material misstatement.

The independent audit involved examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements, assessing the accounting principles used, and significant estimates made by management, and evaluating the overall financial statement presentation. The independent auditor concluded, based upon the audit, that there is a reasonable basis for rendering an unmodified opinion that the City of Carpinteria’s financial statements for the fiscal year ended June 30, 2024, are fairly presented in conformity with GAAP. The independent auditors’ report is presented as the first component of the financial section of this report.

City of Carpinteria
Letter of Transmittal
For the Fiscal Year Ended June 30, 2024
___________________________________________________________________________________________ -iiGAAP requires that management provide a narrative introduction, overview, and analysis to accompany the basic financial statement 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’s MD&A can be found immediately following the independent auditors' report.

CITY OF CARPINTERIA PROFILE
Carpinteria was incorporated on September 28, 1965, as a general law city. Located in Santa Barbara County, Carpinteria is about 16 miles north of the City of San Buenaventura and 10 miles south of the City of Santa Barbara. The City is a part of the greater Carpinteria Valley with its vital agricultural economy and a coastal region visited annually by substantial numbers of tourists seeking to enjoy the area's moderate climate, beaches, active recreational opportunities, fine restaurants, and relaxing atmosphere unique to coastal communities.

The City currently has an estimated population of 12,744 individuals, served by a quaint downtown and with an array of businesses from those positioned to take advantage of nearby universities to those supporting agriculture and tourism. New development occurs primarily through small infill projects as major commercial and industrial development is constrained by available land and policies and regulations intended to preserve and protect coastal resources.

The City operates under the Council-Manager form of government. The City Council, which is elected by the citizens of Carpinteria and consists of five members elected by district to fouryear staggered terms. The Council is responsible, among other matters, for adopting policies, setting goals and objectives for the City government's operation, passing ordinances, adopting budgets, appointing committees, and hiring the City Manager and City Attorney. The City Council also conducts the affairs of the City on behalf of the citizens, in accordance with the State Constitution and the General Laws of the State of California. The City Manager is responsible for carrying out the policies and regulations of the City, appointing other employees, and otherwise managing the daily operations of the City.

The City provides a range of municipal services that include municipal administration, law enforcement, solid waste disposal and recycling, planning and building, business licensing, code compliance and animal control, public works engineering and street maintenance, parks & recreation, public facilities maintenance and operations, and public library services.

The City Council is required to adopt an annual balanced budget no later than June 30 of each year per State legislation and City Council policy. Budgets are adopted annually by the Council by resolution and are prepared for each fund in accordance with its applicable basis of accounting. The annual budget serves as the foundation for the City to maintain sound and conservative financial practices to ensure the fiscal sustainability of the City. The City Council and staff hold various budget workshops to provide an opportunity for public input. The proposed balanced budget is presented to the City Council for adoption before June 30th fiscal year-end.

City of Carpinteria
Letter of Transmittal
For the Fiscal Year Ended June 30, 2024
___________________________________________________________________________________________ -iiiThe City maintains budgetary controls to ensure compliance with provisions embodied in the annual budget approved by the City Council. The City Council approves operating and capital appropriations at the fund and program levels.

The City Manager has the authority to transfer between expenditure accounts and between funds of the City as long as no funding source incompatibility exists, provided those changes do not increase the overall appropriation.

LOCAL ECONOMY
The City of Carpinteria is nestled in the stunning landscapes of California’s Central Coast, with its limits encompassing picturesque beaches along the Pacific Ocean. Visitors can easily access a range of accommodations, fine dining, and charming shops within walking distance of these beautiful beaches. The City draws a significant number of tourists to attractions such as the State and City beaches, the scenic Carpinteria Bluffs for hiking, the Salt Marsh Preserve for birdwatching, and the popular annual Avocado Festival. This influx of visitors and their spending is a vital component of Carpinteria's economy, contributing to the top three General Fund revenue sources: sales tax, property tax, and transient tax, with sales tax leading the way in FY 2024/25.

Since the passing of Measure X sales tax measure in April 2018, it continues to be the largest General Fund revenue. In FY 2023/24, Sales tax was flat with a slight increase of 0.10% over the prior year, primarily due to economic corrections of the pandemic and inflationary pressure.

The following graph shows the historical growth in Sales Tax revenue over the past ten fiscal years.

Note: Fiscal Year 2019-20 was the first year of the Measure X Sales Tax accounting for the larger than normal increase year-over-year.

City of Carpinteria
Letter of Transmittal
For the Fiscal Year Ended June 30, 2024
___________________________________________________________________________________________ -ivProperty Tax was the second-largest General Fund revenue in FY 2023/24. The City experienced an increase in net taxable assessed property value of $202.7 million, or 6.7 percent over the previous year. This increase is primarily due to growth in valuation for the residential category. The City has seen its net taxable assessed property value consistently increase over the last ten fiscal years, as shown in the following graph.

MAJOR INITIATIVES
General and Measure X Funds – General and Measure X Funds expenditures and transfers out of $17.1 million exceed revenues and transfers in of $17.5 million for FY 2023/24 primarily due to one-time facility improvement projects as well as transfers out to the Capital Improvement Project fund for various City projects. Additionally, the General and Measure X Funds are expected to continue to provide subsidies to the Park Maintenance, Recreation Services, Right of Way Assessment District, and AB 939 to support ongoing operations. Staff continues to pursue opportunities to minimize General and Measure X Fund subsidies and departments have worked conscientiously to identify cost reductions while maintaining service levels.

Cash Management Policies and Practices – When monies are deemed investable, they are placed in the State of California Local Agency Investment Fund (LAIF), U.S. Treasury, Money Market accounts, and Federal Agency securities that mature in five years or less. The City’s investment portfolio at June 30, 2024, included $10.6 million invested in U.S. Treasury, $3.8 million invested in Money Market, and $3.6 invested in LAIF. Funds with LAIF and Money Market accounts can be withdrawn with same-day notice, providing the City with daily liquidity, while investments in U.S. Government securities provide portfolio diversification. All investment vehicles offer the City outstanding security and are in compliance with the City’s Investment Policy.

City of Carpinteria
Letter of Transmittal
For the Fiscal Year Ended June 30, 2024
___________________________________________________________________________________________ -vThe City has a Budget/Finance Committee (Committee) consisting of two City Council members. The Administrative Services Director/City Treasurer, City Manager, Assistant City Manager, and Finance Manager provide staff support. The Committee meets monthly to review the financial statements and cash and investment position of the City. The Investment Policy is reviewed annually by the Committee and City Council. Investment-related policy changes are recommended as necessary.

Long-term Financial Planning – The City’s Five-Year General Fund Fiscal Forecast is utilized in long-range budgeting and cash flow projection to ensure that funding for the City’s future needs are being met through prudent investments, conservative expenditures, and efficient operations. This multi-year strategy toward fiscal sustainability for the General Fund focuses on maintaining a healthy fund balance. The adopted Five-Year Financial Plan (Plan) covers fiscal years 2022/23 through 2026/27. The Plan identified gaps between revenues and costs associated with meeting long-term capital maintenance, capital projects, and other critical service needs of the community. The Plan recommended two revenue options, updating the City’s cost recovery and updating the City’s Business License tax.

The City’s Cost Recovery / Fee Study was reviewed and filed at a Special City Council Meeting on October 30, 2023. On November 27, 2023, City Council adopted Resolution 6282, updating the City’s Master Fee Schedule with an effective date of January 29, 2024. Since the implementation of the updated fee schedule, there have been increased revenues, reflecting the positive impact of the adjustments made to the City's fees. These changes have contributed to enhanced financial stability, further supporting the City’s ability to provide essential services to the community.

Businesses operating in the City are required to pay a business license tax, which is used solely for general revenue purposes. While there are over 40 different business categories, the maximum business license tax is currently set at $100, regardless of gross receipts or the number of employees. Given that this amount has remained unchanged for some time, the City recognizes that the current tax rate may be too low and is in need of reevaluation. The City is considering a proposal to update the business license tax structure, aiming to create a more equitable and sustainable revenue stream to support the costs of services within the City.

In addition to prudent fiscal management and forward-looking budget projections, the City follows a fund reserve policy set by the Council that complies with Government Accounting Standards Board (GASB) Statement No. 54. As of June 30, 2024, $5.3 million of the General Fund’s total fund balance of $16.1 million was committed as a reserve for financial and economic uncertainties. This reserve balance aligns with the Council’s reserve policy, which requires 40% of the operating budget in the General Fund. The Capital Asset Replacement Fund, with a balance of $1.1 million, meets the reserve policy threshold of $1 million. However, the Special Projects Fund, with a balance of $828 thousand, falls short of the $1 million reserve policy requirement.

City of Carpinteria
Letter of Transmittal
For the Fiscal Year Ended June 30, 2024
___________________________________________________________________________________________ -viSIGNIFICANT ACCOMPLISHMENTS AND RECOGNITION
Awards - The Government Finance Officers Association of the United States and Canada (GFOA) awarded a Certificate of Achievement for Excellence in Financial Reporting to the City of Carpinteria for its Annual Comprehensive Financial Report (ACFR) for the fiscal year ended June 30, 2023. In order to be awarded a Certificate of Achievement, a government must publish an easily readable and efficiently organized ACFR. 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. Staff is confident that this ACFR continues to meet the Certificate of Achievement Program’s requirement and it will be submitted to GFOA to determine its eligibility for another certificate. A copy of the certificate for the fiscal year ended June 30, 2023, is included in the Introductory Section of this ACFR.

The California Society of Municipal Finance Officers (CSMFO) awarded the Certificate of Excellence in Budgeting to the City for its Operating Budget for fiscal year 2023/24 and anticipates receiving the award for fiscal year 2024/25. To be awarded a Certificate of Excellence, a government unit must receive a minimum of seventy points out of an eighty-point maximum based on guidelines established by CSMFO. The CSMFO Certificate of Excellence is valid for the budget’s life cycle.

Acknowledgments – I wish to acknowledge the excellent participation and professional contributions of the finance staff in the preparation of this document, in particular Finance Manager Gilbert Punsalan, Accounting Technician Noah Alvara, and Accounting Specialist Brenda Robinson who are to be commended for their continued high level of performance. I would also like to express my appreciation to all departments within the City who provided assistance and support.

Sincere appreciation is also expressed to City Manager Michael P. Ramirez, Assistant City Manager Ryan A. Kintz, and members of the City Council, for their leadership and support in planning and conducting the financial operations of the City in a responsible and forward-looking manner.

Sincerely,
Licette Maldonado
Administrative Services Director
Government Finance Officers Association
Certificate of
Achievement
for Excellence
in Financial
Reporting
Presented to
City of Carpinteria
California
For its Annual Comprehensive
Financial Report
For the Fiscal Year Ended
June 30, 2023
Executive Director/CEO
-vii-

CITY OF CARPINTERIA

ORGANIZATIONAL STRUCTURE AND DIRECTORY OF CITY OFFICIALS x Advance Planning
x Housing
x Development
Review &
Building
x Code Compliance
x Animal Care &
Control
x Recreation
x Community Pool
Services
x Ocean Beach Services
x Special Events
x Facilities Support
x City Library
x Senior Services
x Capital Improvements
x Transportation Parking
& Lighting
x Solid Waste
x Watershed Mgmt.
x Street Maintenance
x Right-of-Way Maint.
x Resource Conservation
x Parks & Facility
Improvement and
Maintenance

CARPINTERIA RESIDENTS
Michael Ramirez
City Manager
x Financial
Management
Services
x Central Services
x Management
Information
Services
Advisory Boards &
Commissions Jena Acos
City Attorney
(Contract)
Ryan Kintz
Assistant City Manager
Jeanette Gant
Director
Parks, Recreation &
Community Services
Nick Bobroff
Director
Community
Development
Licette Maldonado
Director
Administrative
Services
John Ilasin
Director
Public Works
Al Clark
Mayor
Olivia Uribe-Mutal
Program Manager
Wade T. Nomura
Councilmember
Roy Lee
Councilmember
Natalia Alarcon
Vice-Mayor
Mónica Solórzano
Councilmember
Butch Arnoldi
Law Enforcement
Services
(Contract)
x Legislative & Policy
x Legal Services
x City Administration
x Communication &
Community Promotions
x Economic Vitality
x Community Services Support
x Records Management
x Elections
x Human Resources
x Risk Management
x Law Enforcement
x Emergency Preparedness
Brian Barrett
City Clerk
-viii-

FINANCIAL SECTION

735 E. Carnegie Dr. Suite I 00
San Bernardino. CA 92408
909 889 0871 T
909 889 5361 F
ramscpa. net

PARTNERS
Scott W Manno. CPA. CGMA
Leena Shanbhag, CPA. MST. CGMA
Bradferd A. Welebir. CPA. MBA. CGMA
Jenny W. Liu. CPA, MST
Ga,·denya Duran, CPA, CGMA
Brianna Schultz, CPA. CGMA
Brenda L. Odle. CPA. MST (Partne, Emeritus)
Te, ry P Shea, CPA (Panner Emenws)

MANAGERS/ STAFF
Seong-Hyea Lee. CPA. MBA
Evelyn Morenlin-Barcena. CPA
Vernnica Hernandez, CPA
Laura A1v1zu. CPA
John Maldonado, CPA, MSA
Julia Rodriguez Fuentes. CPA, MSA
Dem, Hite. CPA
Jeffrey McKennan. CPA
Mornca Wysock,, CPA
Jacob Weatherb,e. CPA, MSA
Bolim Han. CPA. MAcc
Anny Gonzalez, CPA

MEMBERS
Amencan lnsutuce of
Certified Public Accountants
PCPS The A/CPA Alliance
(01 CPA Fi,ms
Governmental Audit
Q11C1/1ty Cenre,
Califot nia Society of
Certified Public Accountants
•
Proud Member of
AlliottGlobalAlliance~

ROGERS, ANDERSON , MALODY & SCOTT, LLP
CERTIFIED PUBLIC ACCOUNTANTS. SINCE 1948
STABILITY. ACCURACY. TRUST.
-1-
Independent Auditor’s Report
To the Honorable Members of City Council
City of Carpinteria, California
Report on the Audit of the Financial Statements
Opinions
We have audited the financial statements of the governmental activities, each major fund, and the aggregate remaining fund information of the City of Carpinteria, California (the entity), as of and for the year ended June 30, 2024, and the related notes to the financial statements, which collectively comprise the entity’s basic financial statements as listed in the table of contents.

In our opinion, the accompanying financial statements referred to above present fairly, in all material respects, the respective financial position of the governmental activities, each major fund, and the aggregate remaining fund information of the entity, as of June 30, 2024, and the respective changes in financial position, and, where applicable, cash flows thereof for 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 (GAAS) and the standards applicable to financial audits contained in Government Auditing Standards, issued by the Comptroller General of the United States. Our responsibilities under those standards are further described in the Auditor’s Responsibilities for the Audit of the Financial Statements section of our report. We are required to be independent of the entity and to meet our other ethical responsibilities, in accordance with the relevant ethical requirements relating to our audit.

We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinions.
-2-
Responsibilities of Management for the Financial Statements Management is responsible for the preparation and fair presentation of the financial statements in accordance with accounting principles generally accepted in the United States of America, and for the design, implementation, and maintenance of internal control relevant to the preparation and fair presentation of financial statements that are free from material misstatement, whether due to fraud or error.

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

Auditor’s Responsibilities for the Audit of the Financial Statements Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our 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 GAAS 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 GAAS and Government Auditing Standards, we:
 Exercise professional judgment and maintain professional skepticism throughout the audit.
 Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, and design and perform audit procedures responsive to those risks.

Such procedures include examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements.
 Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the entity’s internal control. Accordingly, no such opinion is expressed.
 Evaluate the appropriateness of accounting policies used and the reasonableness of significant accounting estimates made by management, as well as evaluate the overall presentation of the financial statements.
 Conclude whether, in our judgment, there are conditions or events, considered in the aggregate, that raise substantial doubt about the entity’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. -3-
Required Supplementary Information
Accounting principles generally accepted in the United States of America require that the required supplementary information, as listed in the table of contents, be presented to supplement the basic financial statements. Such information is the responsibility of management and, although not a part of the basic financial statements, is required by the Governmental Accounting Standards Board who considers it to be an essential part of financial reporting for placing the basic financial statements in an appropriate operational, economic, or historical context. We have applied certain limited procedures to the required supplementary information in accordance with GAAS, 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.

Supplementary Information
Our audit was conducted for the purpose of forming opinions on the financial statements that collectively comprise the entity’s basic financial statements. The supplementary information, 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 additional procedures, including comparing and reconciling such information directly to the underlying accounting and other records used to prepare the basic financial statements or to the basic financial statements themselves, and other additional procedures in accordance with GAAS. In our opinion, the accompanying supplementary information is fairly stated, in all material respects, in relation to the basic financial statements as a whole.

Other Information Included in the Annual Report
Management is responsible for the other information included in the annual report/annual comprehensive financial report (ACFR). The other information comprises the introductory and statistical sections but does not 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 exists 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 material misstatement of the other information exists, we are required to describe it in our report. -4-
Other Reporting Required by Government Auditing Standards In accordance with Government Auditing Standards, we have also issued our report dated December 20, 2024 on our consideration of entity’s internal control over financial reporting and on our tests of its compliance with certain provisions of laws, regulations, contracts, and grant agreements and other matters. The purpose of that report is solely to describe the scope of our testing of internal control over financial reporting and compliance and the results of that testing, and not to provide an opinion on the effectiveness of the entity’s internal control over financial reporting or on compliance. That report is an integral part of an audit performed in accordance with Government Auditing Standards in considering entity’s internal control over financial reporting and compliance.

San Bernardino, California
December 20, 2024
MANAGEMENT’S DISCUSSION AND ANALYSIS

City of Carpinteria
Management’s Discussion and Analysis
Fiscal Year Ended June 30, 2024
-5-
As management of the City of Carpinteria (the City), we offer readers of the City’s financial statements this narrative overview and analysis of the financial activities of the City 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 on pages i-vi of this report. Comparative data on the government-wide financial statements are only presented in Management’s Discussion and Analysis.

A. FINANCIAL HIGHLIGHTS
Government-Wide
 At June 30, 2024, the City’s net position (assets and deferred outflows over liabilities and deferred inflows) was $54.6 million. Of this amount, $6.6 million (unrestricted net position) may be used to meet ongoing service demands of the City.  City total net position increased $1.3 million during the fiscal year. An increase of $5.3 million, or 19.8 percent, over prior fiscal year’s increase of $6.4 million. This increase is primarily due to an increase in property tax of $0.3 million, use of money and property of $.4 million, offset by a decrease in other general revenues of $0.2 million.

Fund Based
 At June 30, 2024, governmental funds reported a combined ending fund balance of $22.5 million, a decrease of $0.1 million. The ending fund balance primarily consists of $7.6 million restricted fund balance, $7.2 million committed fund balance, and $5.2 million assigned fund balance.
 At June 30, 2024, the City’s General Fund reported a combined ending fund balance of $16.2 million, an increase of $0.5 million over the prior fiscal year’s ending fund balance.  General Fund revenues for fiscal year 2023/24 were $17.1 million, a decrease of $0.8 million, or 4.7 percent, over prior fiscal year’s General Fund revenues of $17.9 million.  General Fund expenditures and transfers out for fiscal year 2023/24 were $17.6 million, an increase of $0.9 million, or 5.9 percent, over the prior fiscal year’s expenditures and transfers out uses of $16.6 million.

B. OVERVIEW OF FINANCIAL STATEMENTS
Management’s discussion and analysis are intended to serve as an introduction to the City’s basic financial statements. The City’s basic financial statements are comprised of three components:
1) government-wide financial statements, 2) fund financial statements, and 3) notes to basic financial statements. This report also contains other required supplementary information in addition to the basic financial statements.

City of Carpinteria
Management’s Discussion and Analysis
Fiscal Year Ended June 30, 2024
-6-
The basic financial statements include the City (primary government) and all legally separate entities (component units) for which the government is financially accountable. The City’s component unit consists of the following: Carpinteria Public Improvement Corporation. This component unit has been included in the basic financial statements as an integral part of the primary government using the blended method.

Government-Wide Financial Statements
The government-wide financial statements are designed to provide readers with a broad overview of the City’s finances, in a manner similar to a private-sector business.

The Statement of Net Position presents information on all of the City’s assets (including infrastructure) and deferred outflows, as well as all liabilities (including long-term debt) and deferred inflows, with the difference reported as net position. Over time, increases or decreases in net position may serve as a useful indicator of whether the financial position of the City is improving or deteriorating.

The Statement of Activities presents information showing how the City’s net position change during the current fiscal year. All changes in net position are reported as soon as the underlying event giving rise to the change occurs, regardless of timing of related cash flows. Thus all the current fiscal year’s revenues and expenses are considered regardless of when cash is received or paid (e.g., earned but unused vacation leave or uncollected taxes).

Government-wide financial statements distinguish City governmental activities that are principally supported by taxes and intergovernmental revenues from other business-type activities that are intended to recover all or a significant portion of their costs through user fees and charges.

Governmental activities include public safety, general administration, public works, and parks and recreation. Property, business license, transient occupancy and sales taxes, charges for services, interest income, franchise fees, and state and federal grants finance these activities. The government-wide financial statements can be found on pages 18-19 of this report.

Fund Financial Statements
Fund financial statements are designed to report information about groupings of related accounts used to maintain control over resources that have been segregated for specific activities or objectives. The City, like other state and local governments, uses fund accounting to ensure and demonstrate compliance with finance-related legal requirements. The City currently utilizes governmental funds. The government funds are prepared using the current financial resources measurement focus and the modified accrual basis of accounting.

Governmental funds are used to account for essentially the same functions reported as governmental activities in the government-wide financial statements. However, unlike the government-wide financial statements, governmental funds financial statements focus on nearterm inflows and outflows of spendable resources, as well as balances of spendable resources available at the end of the fiscal year. Such information may be useful in evaluating a government’s near-term financing requirements.

City of Carpinteria
Management’s Discussion and Analysis
Fiscal Year Ended June 30, 2024
-7-
Because the focus of governmental funds is narrower than that of the government-wide financial statements, it is useful to compare the information presented for governmental funds with similar information presented for governmental activities in the government-wide financial statements.

By doing so, readers may better understand the long-term impact of the government’s near-term financing decisions. Both the governmental funds balance sheet and the statement of revenues, expenditures, and changes in fund balances provide a reconciliation to facilitate this comparison between governmental funds and governmental activities.

The City maintains several individual governmental funds organized by their type (i.e., general, special revenue, and capital projects funds). Information is presented separately in the governmental funds balance sheet and in the governmental funds statement of revenues, expenditures, and changes in fund balance for the General Fund, Capital Improvements Fund, Revolving Fund, Tidelands Trust Fund, Measure A Fund, and Housing Fund, which are considered to be major funds. Data from the remaining governmental funds are combined into a single, aggregated presentation as other non-major governmental funds. Individual fund data for each of the non-major governmental funds is provided in the form of combining statements show on pages 65-68. The General Fund includes monies reserved for general reserves and money received from the Measure X sales tax.

The City adopts an annual appropriated budget for all of its funds. Major funds include the General Fund, Measure A Fund, Housing Fund, Capital Improvements Fund, Tidelands Trust Fund and Revolving Fund. Budgetary comparison statements for the City’s major funds and special revenue funds are provided to demonstrate compliance with this budget on pages 54-58, 62 and 69-80.

The basic governmental fund financial statements can be found on pages 21-26 of this report.

Notes to Basic Financial Statements
The notes provide additional information essential to a full understanding of the data provided in the government-wide and fund financial statements. The notes to basic financial statements can be found on pages 27-52 of this report.

Required Supplementary Information
In addition to the basic financial statements, this report also presents certain Required Supplementary Information (RSI), including the City’s budgetary comparison schedules for the General Fund, Tidelands Trust, and Measure A, schedule of proportionate share of net pension liability, schedule of plan contributions, and schedule of changes in the City’s total Other PostEmployment Benefits (OPEB) liability and related ratios. RSI can be found on pages 53-61 of this report.

Supplementary Information
Combining statements and budgetary comparison schedules for non-major governmental funds, are presented immediately following the RSI. Supplementary information can be found on pages 62-80 of this report.

City of Carpinteria
Management’s Discussion and Analysis
Fiscal Year Ended June 30, 2024
-8-
Statistical Section
Statistical tables regarding financial trends, revenue capacity, debt capacity, demographic and economic information, and operating information can be found on pages 81-103 of this report.

C. GOVERNMENT WIDE FINANCIAL ANALYSIS

STATEMENT OF NET POSITION
Net position is a useful indicator of the City’s financial position over time. For the fiscal year ended June 30, 2024, assets and deferred outflows of resources exceed liabilities and deferred inflows of resources by $54.6 million. The following is a condensed Statement of Net Position for the fiscal years ended June 30, 2024 and 2023.

Governmental Activities
2024 2023
Assets:

Current and noncurrent assets 27,633,345 $ 29,016,040 $ Capital assets (net of depreciation) 40,513,332 39,099,744 Total assets 68,146,677 68,115,784 Deferred outflows of resources:

Deferred pension items 4,207,705 4,022,295 Deferred OPEB items 206,925 261,867 Total deferred outflows of resources 4,414,630 4,284,162 Liabilities:

Current liabilities 2,918,902 4,229,906
Noncurrent liabilities 12,120,701 11,388,931 Total Liabilities 15,039,603 15,618,837 Deferred inflows of resources:

Deferred pension items 438,852 648,088 Deferred OPEB items 841,107 1,132,213 Deferred lease related items 1,589,730 1,656,468 Total deferred inflows of resources 2,869,689 3,436,769 Net Position:

Net investment in capital assets 40,513,332 39,085,569 Restricted 7,540,594 7,102,592 Unrestricted 6,598,089 7,156,179 Total net position 54,652,015 $ 53,344,340 $
The largest portion (74.1 percent) of the City’s net position reflects its investment of $40.5 million in capital assets (land, building and improvements, equipment, City pool and infrastructure, rightto-use assets and construction in progress, net of accumulated depreciation/amortization), less any related outstanding debt used to acquire those assets. The City uses these capital assets to provide services to the community; consequently, these assets are not available for future spending. Although the City’s investment in capital assets is reported net of related debt, resources needed to repay this debt must be provided from other sources, since the capital assets themselves cannot be used to liquidate these liabilities.

City of Carpinteria
Management’s Discussion and Analysis
Fiscal Year Ended June 30, 2024
-9-
Another portion of the City’s net position, $7.5 million (13.8 percent), represents resources that are subject to external restrictions on how they may be used. The remaining balance of unrestricted net position, $6.6 million (12.1 percent), may be used at the City’s discretion to meet the government’s ongoing operations and imposed designations (e.g., reserves, pending litigation, contingencies, and capital projects).

Statement of Activities
The statement of activities show how the City’s net position changed during fiscal year 2023-24.

Overall, the City’s net position increased by $1.3 million during the fiscal year. These increases are explained in the governmental activities on the following pages. Provided below is a summary of changes in net position:

Governmental Activities
2024 2023
Revenues:

Program revenues:

Charges for services 1,990,264 $ 1,788,490 $
Operating grants and contributions 2,203,730 3,565,750 Capital grants and contributions 308,428 1,164,612 General revenues:

Property taxes 5,799,615 5,512,042
Sales and use taxes 5,977,182 5,971,207
Transient occupancy taxes 3,194,248 3,485,465
Franchises 723,011 717,135 Business license taxes 70,586 62,076 Other general revenues 413,253 579,491 Use of money and property 1,078,439 639,453 Fines and forfeits 126,992 112,800
Total revenues 21,885,748 23,598,521 Expenses:

General government 6,809,354 6,113,371 Public safety 6,418,427 4,421,423 Public works administration 2,510,302 2,314,271
Streets 1,674,900 1,491,099
Parks and recreation 3,165,090 2,826,648
Total expenses 20,578,073 17,166,812 Change in net position 1,307,675 6,431,709 Net position, beginning, as restated 53,344,340 46,912,631 Net position, ending 54,652,015 $ 53,344,340 $ City of Carpinteria
Management’s Discussion and Analysis
Fiscal Year Ended June 30, 2024
-10-
Governmental Activities increased the City’s net position by $1.3 million compared to the prior fiscal year’s increase of $6.4 million. Key elements of the increase in net position are as follows:

Program revenues decreased by $2.0 million due to a decrease in operating grants and contributions of $1.4 million, capital grants and contributions of $0.8 million, and an increase in charges for services of $0.2 million.
 Operating grants and contributions decreased by $1.4 million primarily due to the decrease of $1.6 million from American Rescue Plan Act (ARPA) offset by an increase of $86 thousand from the COPS grants and $90 thousand from a state grant for advance planning.
 Capital grants and contributions decreased by $0.8 million primarily due to a decrease in grant revenue recognition for capital projects.
 Charges for services increased by $0.2 million primarily due to an increase of $0.2 million in planning charges due to the City’s updated Master Fee Schedule.

General revenues increased $0.3 million primarily due to increases in property taxes of $0.3 million, and use of money and property of $0.4 million, offset by decreases in transient occupancy taxes of $0.3 million and other general revenues of $0.2 million. The major changes are highlighted below:
 Property taxes increased $0.3 million, or 5.2 percent, in line with the City’s increase in assessed valuation over the prior fiscal year.
 Transient Tax decreased by $0.3 million primarily due to economic factors and the continued impact of the pandemic aftermath.
 Other general revenues decreased $0.2 million primarily due to a reimbursement of $0.2 million related to the 2021 Pavement Rehabilitation Project and Linden Avenue Improvements in the prior year.
 Use of money and property increased $0.4 million reflecting increases in interest received in the City’s investments.

Expenses increased by $3.4 million primarily due to increases in general government expenses of $0.7 million, public safety expenses of $2.0 million, parks and recreation expenses of $0.3 million, and public works expenses of $0.2 million.  General government expenses increased $0.7 million primarily due to an increase in personnel costs of $0.3 million due to the filling of vacant positions and a $0.6 million increase in depreciation expense, offset by a $0.1 million decrease in professional services and a $0.1 million decrease in pension and OPEB costs.  Public safety expenses increased $2.0 million primarily due $1.0 million increase in costs for the County of Santa Barbara law enforcement services contract and a $1.0 million increase in pension and OPEB costs.

City of Carpinteria
Management’s Discussion and Analysis
Fiscal Year Ended June 30, 2024
-11-
 Park and recreation expenses increased $0.3 million primarily due to $0.1 million in depreciation expense and $0.1 million in recreation and community services.  Public works expenses increased $0.2 million primarily due to increased street-related expenses.

As shown in the following charts, general government is the largest program expense ($6.8 million), followed by public safety ($6.6 million), parks and recreation ($3.0 million), and public works ($4.2 million). General revenues, such as property and sales tax, are not shown by the program but are effectively used to support governmental activities citywide. $-
$1.0
$2.0
$3.0
$4.0
$5.0
$6.0
$7.0
General Government Public Safety Public Works Parks and Recreation $1.2
$0.2
$1.7
$1.4
$6.8
$6.4
$4.2
$3.2
Program Revenue and Expenses - Governmental Activities
(in millions)
Program Revenues Expenses
D. FUND FINANCIAL STATEMENT ANALYSIS
As noted earlier, the City uses fund accounting to ensure and demonstrate compliance with finance-regulated legal requirements.

Governmental Funds
The focus of the City’s governmental funds is to provide information on near-term inflows, outflows, and balances of spendable resources. Such information is useful in assessing the City’s financing requirements. In particular, unassigned fund balance may serve as a useful measure of a government’s net resources available for spending at the end of the fiscal year.

City of Carpinteria
Management’s Discussion and Analysis
Fiscal Year Ended June 30, 2024
-12-
At the end of fiscal year 2023/24, the City’s governmental funds reported a combined fund balance of $22.5 million, a decrease of $0.1 million in comparison with the prior fiscal year’s fund balance of $22.6 million. The decrease in fund balance is primarily due to the decrease of $0.5 million in the General Fund. The ending fund balance consists of $7.6 million in restricted fund balance, $7.2 million in committed fund balance, $5.2 million in assigned fund balance, $2.5 million in unassigned fund balance, and $42 thousand in nonspendable fund balance.

General Fund – Fund Balance Analysis
The General Fund is the chief operating fund of the City. As of June 30,2024, ending fund balance decreased by $0.5 million to $16.2 million.

General Fund’s fund balance consists of $1.3 million restricted for Pension Stabilization; $7.2 million committed to capital projects, special projects, and economic uncertainties; and $5.2 million assigned for improvements and services. The remaining $2.5 million fund balance is unassigned. Refer to page 21 for more details of the fund balance.

Below is a five-year trend on the General Fund:

Changes to General Fund - Fund Balance by Fiscal Year
2023-24 2022-23 2021-22 2020-21 2019-20
Revenue 17,097,662 $ 17,942,042 $ 17,517,158 $ 13,711,990 $ 13,814,008 $ Expenditures (13,443,799) (12,567,085) (11,418,816) (10,333,320) (11,117,608) Other financing sources (uses) (4,173,620) (4,067,553) (2,994,597) (2,148,297) (1,031,666) Operating surplus/(deficit) (519,757) 1,307,404 3,103,745 1,230,373 1,664,734 Fund balance - beginning 16,703,752 15,396,348 12,274,965 11,044,592 9,122,590 Fund balance - ending 16,183,995 $ 16,703,752 $ 15,378,710 $ 12,274,965 $ 10,787,324 $ Fund balance categories:

Nonspendable 6,074 $ 7,715 $ - $ 350 $ - $
Restricted 1,270,124 1,172,172 1,116,923 1,438,613 4,168,410 Committed 7,240,886 6,798,287 5,958,673 5,757,473 6,074,608 Assigned 5,171,629 4,813,735 4,153,242 3,645,131.00 - Unassigned 2,495,282 3,911,843 4,149,872 1,433,398 544,306 Fund balance 16,183,995 $ 16,703,752 $ 15,378,710 $ 12,274,965 $ 10,787,324 $

City of Carpinteria
Management’s Discussion and Analysis
Fiscal Year Ended June 30, 2024
-13-
General Fund – Revenue and Expenditure Analysis
General Fund Revenues for fiscal year 2023/24 were $17.1 million, a decrease of $0.8 million, or 4.7 percent, compared to prior fiscal year. The chart on the following page compares General Fund revenues for current and prior fiscal years followed by key information:

Comparison of General Fund Revenues
Variance % of Increase/
Over/(Under) (Decrease)
Fiscal Year Fiscal Year Prior Fiscal Over Prior
2023-24 2022-23 Year Fiscal Year % of Total
Property tax 5,191,288 $ 4,932,538 $ 258,750 $ 5.2% 30.4% Sales tax 5,977,182 5,971,207 5,975 0.1% 35.0%
Transient occupancy tax 3,194,248 3,485,465 (291,217) -8.4% 18.7% Franchise tax 723,011 717,135 5,876 0.8% 4.2%
Business license 70,586 62,076 8,510 13.7% 0.4%
Licenses and permits 284,202 289,804 (5,602) -1.9% 1.7% Fines and forfeits 76,044 66,961 9,083 13.6% 0.4%
Intergovernmental 420,947 1,826,490 (1,405,543) -77.0% 2.5% Interest 653,680 318,104 335,576 105.5% 3.8%
Charges for service 385,284 251,908 133,376 52.9% 2.3%
Miscellaneous 121,190 20,354 100,836 495.4% 0.7%
Total revenues 17,097,662 $ 17,942,042 $ (844,380) $ -4.7% 100%  Property tax increased by $0.3 million, due to average median home sale price and higher assessed valuations. Transient tax had a decrease of $0.3 million primarily due to postpandemic and high inflationary factors.  Intergovernmental revenue decreased $1.4 million primarily due to the decrease of $1.6 million from the ARPA funds, offset by increase of $86 thousand in COPS grant and $95 thousand in state grant.
 Interest increased $0.3 million primarily due to a higher average annual yield, an increase in securities invested, and an increase in the fair market value of investments held by the City at fiscal year-end.

City of Carpinteria
Management’s Discussion and Analysis
Fiscal Year Ended June 30, 2024
-14-
General Fund Expenditures, including transfers out, for fiscal year 2023/24 increased $1.0 million, or 5.9 percent compared to prior fiscal year. The chart below compares General Fund expenditures for the last two fiscal years followed by key information:

Comparison of General Fund Expenditures
Variance % of Increase/
Over/(Under) (Decrease)
Fiscal Year Fiscal Year Prior Fiscal Over Prior
2023-24 2022-23 Year Fiscal Year % of Total
General government 5,889,112 $ 5,704,640 $ 184,472 $ 3.2% 33.4% Public safety 6,391,915 5,413,143 978,772 18.1% 36.3%
Public works and streets 702,587 879,098 (176,511) -20.1% 4.0% Parks and recreation 409,758 507,606 (97,848) -19.3% 2.3% Capital outlay 50,427 62,598 (12,171) -19.4% 0.3%
Other financing uses 4,173,620 4,067,553 106,067 2.6% 23.7% Total expenditures 17,617,419 $ 16,634,638 $ 982,781 $ 5.9% 100.0%  Public safety expenditures increased $1.0 million primarily due to the costs of the County of Santa Barbara contract for law enforcement services and CalPERS pension.  General government expenditures increased by $0.2 million primarily due to increased personnel costs.
 Other financing uses increased $0.1 million primarily due to increased funding of capital projects.

Other Major Governmental Funds
The Capital Improvement Projects Fund met the GASB 34 criteria which continued to require this fund to be presented as a major fund in FY 2023/24. Fund balance increased by less than $0.4 million (19.1%), compared with a decrease of less than $95 thousand in the prior fiscal year. This $0.4 million net increase was driven mainly by the reimbursement of grants and higher interest revenues.

The Revolving Fund met the GASB 34 criteria which continued to require this fund to be presented as a major fund in FY 2023/24. The fund balance is $0 at the fiscal year-end and prior fiscal year.

The Measure A Fund met the GASB 34 criteria which required this fund to be presented as a major fund in FY 2023/24. Fund balance increased $27 thousand (1.8%), compared with a decrease of $0.2 million in the prior fiscal year. This decrease is primarily due to a $0.1 million increase in street maintenance costs and a $0.1 million increase in funding of capital projects.

The Housing Fund for the first time met the GASB 34 criteria which required this fund to be presented as a major fund in FY 2023/24. Fund balance decreased by $68 thousand (12.8%), compared with a decrease of $0.2 million in the prior fiscal year. This $68 thousand net decrease is primarily due to repayments of loans and the disbursements of new loans.

City of Carpinteria
Management’s Discussion and Analysis
Fiscal Year Ended June 30, 2024
-15-
The Tidelands Trust Fund met the GASB 34 criteria which continued to require this fund to be presented as a major fund in FY 2023/24. Fund balance increased $87 thousand (16.7%), compared with an increase of $66 thousand in the prior fiscal year. This $87 thousand net increase was primarily due to an increase in lease revenue of $29 thousand and $11 thousand in interest revenues offset by decreased expenditures.

E. GENERAL FUND BUDGETARY HIGHLIGHTS
Over the course of the year, the City Council revised the City budget several times. The budget amendments fall into two categories: changes made during budget review for unanticipated revenues and costs and increases in appropriations to prevent budget overruns.

General Fund revenues were $0.3 million higher than the budget, primarily driven by interest income receipts of less than $0.4 million and property tax receipts exceeding the adjusted budget by $0.1 million. However, this was partially offset by lower-than-expected transient tax revenue of $76 thousand and intergovernmental revenue that was $77 thousand under budget.

General Fund expenditures were $0.8 million lower than budget. This was primarily due to professional services costs of less than $0.4 million less than budget, personnel costs of $0.2 million less than budget due to vacancies throughout the year and other operating expenses $0.1 million less than budget.

F. CAPITAL ASSETS AND DEBT ADMINISTRATION
Capital Assets
Investments in capital assets as of June 30, 2024, totaled $40.5 million (net of accumulated depreciation/amortization). This investment in capital assets includes land, building and improvements, equipment, infrastructure, right-to-use-assets and construction in progress. The total increase in capital assets for fiscal year 2023/24 is $1.4 million. Additional information on the City’s capital assets can be found on page 36 in the notes to basic financial statements. Capital assets are summarized below:

Capital Assets
(net of accumulated depreciation/amortization)
Governmental Activities
2024 2023
Land 10,492,125 $ 10,492,125 $
Improvements 2,133,835 2,133,835 Buildings 6,034,727 6,280,725 Machinery and equipment 667,842 770,571 Vehicles 295,096 421,753 Infrastructure 10,083,923 10,603,458 City pool and facilities 88,896 92,822 Construction in progress 10,716,888 8,290,486 Right-to-use SBITA - 13,969 Total capital assets, net 40,513,332 $ 39,099,744 $ City of Carpinteria
Management’s Discussion and Analysis
Fiscal Year Ended June 30, 2024
-16-
Major capital asset events during the fiscal year 2023/24 included the following:
 The $2.4 million increase in Construction in Progress was primarily due to capital outlay on street projects beginning during the current fiscal year, such as the Pavement Rehabilitation Projects, Carpinteria Ave/Palm Ave Intersection, and City Hall Campus Improvements.
 The $0.5 million decrease in Infrastructure is primarily due to depreciation during the current fiscal year.
 The $0.3 million decrease in Buildings is primarily due to depreciation during the current fiscal year.

Long-Term Debt
The City had no long-term debt at June 30, 2024. The City’s last outstanding debt issuance, the 1993 Certificate of Participation, was retired in fiscal year 2017/18.

G. ECONOMIC FACTORS AND NEXT YEAR’S BUDGET
On June 24, 2024, the City Council adopted an operationally balanced $38.4 million annual budget for FY 2024/25, aligning with key priorities aimed at benefiting the Carpinteria community.

The budget ensures the continuation of essential services and projects for residents while maintaining service levels that meet the needs of the City of Carpinteria. In setting annual goals and objectives, the City Council emphasized its commitment to fiscal sustainability, ensuring the City’s capacity to deliver efficient, cost-effective services. Additionally, the budget supports a safe and enriched environment, enhanced public communication, and a positive atmosphere for both new business development and the retention of existing businesses.

Total budgeted revenues for FY 2024/25 are $30.0 million, reflecting an increase of $8.1 million, or 37.0%, compared to the FY 2023/24 budgeted revenues. Total budgeted expenses for the same period are $23.6 million, representing an increase of $14.8 million, or 62.6%, from the FY 2023/24 budgeted expenditures. The City is projecting sales tax revenues to remain flat, with sales tax accounting for 35.2% of all discretionary revenue. This is expected to total $6.0 million, consistent with the actual sales tax revenue of FY 2023/24. Property tax is projected at $5.3 million, reflecting a 3.3% increase from the prior year. Transient occupancy taxes, the third-largest discretionary revenue source for the City, are expected to increase by 5% from the FY 2023/24 budget, reaching $3.5 million.

The City’s budget for personnel services, which makes up 21% of all City operational spending, is projected to increase by $1.2 million, or 16.7%, due to salary adjustments, benefits, and pension costs. The Major Capital budget has risen significantly by $0.8 million, or 636.1%, driven by onetime equipment replacements. The total Capital Projects budget is $16.5 million, which includes $8.4 million allocated for pavement maintenance and rehabilitation, $3.6 million for a stormwater project, $2.4 million for park projects, and $1.5 million for street transportation projects.

City of Carpinteria
Management’s Discussion and Analysis
Fiscal Year Ended June 30, 2024
-17-
In summary, the City’s financial position remains strong and stable, reflecting a commitment to prudent fiscal management. The City continues to prioritize sound and conservative financial practices, which are essential to ensuring its long-term fiscal sustainability. These practices not only allow for the maintenance of essential services and infrastructure but also ensure that the City is well-positioned to navigate economic uncertainties and future challenges. By adhering to these principles, the City aims to maintain financial stability, support community needs, and create a foundation for continued growth and prosperity for Carpinteria residents.

H. REQUEST FOR INFORMATION
This financial report is designed to provide our citizens, taxpayers, customers, investors, and creditors with a general overview of the City's finances and to demonstrate the City's accountability for the money it receives. If you have questions about this report or need additional financial information, contact the City of Carpinteria’s Administrative Services Director at 5775 Carpinteria Avenue, Carpinteria, California 93013 or (805) 684-5405. This report is also available online at the City’s website at www.carpinteriaca.gov.

BASIC FINANCIAL STATEMENTS

GOVERNMENT-WIDE FINANCIAL STATEMENTS

City of Carpinteria
Statement of Net Position
June 30, 2024
The accompanying notes are an integral part of these financial statements. -18-
Governmental
Activities
ASSETS
Current assets:

Cash and investments 22,056,555 $
Accounts receivables 3,172,069 Lease receivable 310,755 Inventories 19,636 Prepaid expenses 22,415
Total current assets 25,581,430 Noncurrent assets:

Notes receivable 641,303 Lease receivable, net of current portion 1,410,612 Capital assets not being depreciated 23,342,848 Net capital assets being depreciated 17,170,484 Total noncurrent assets 42,565,247
Total assets 68,146,677
DEFERRED OUTFLOWS OF RESOURCES:

Pension related 4,207,705 OPEB related 206,925 Total deferred outflows of resources 4,414,630

LIABILITIES
Current liabilities:

Accounts payable 917,209 Accrued liabilities 39,125 Compensated absences 24,464 Deposits 837,615 Unearned revenue 1,100,489 Total current liabilities 2,918,902 Noncurrent liabilities:

Compensated absences, net of current portion 204,675 Total other postemployment benefits liability 1,230,373 Net pension liability 10,685,653 Total noncurrent liabilities 12,120,701 Total liabilities 15,039,603
DEFERRED INFLOWS OF RESOURCES:

Pension related 438,852 OPEB related 841,107
Lease related 1,589,730 Total deferred inflows of resources 2,869,689

NET POSITION
Net investment in capital assets 40,513,332 Restricted for:

Development 2,299,711 Recycling 34,808 Cable television access 29,810 Streets 3,273,141 Housing 633,000 Pension stabilization 1,270,124 Unrestricted 6,598,089
Total net position 54,652,015 $
City of Carpinteria
Statement of Activities
For the Fiscal Year Ended June 30, 2024
The accompanying notes are an integral part of these financial statements. -19-
Net (Expenses)
Revenues and
Changes in Net
Program Revenues Position
Operating Capital
Charges for Grants and Grants and Governmental
Expenses Services Contributions Contributions Activities Functions/Programs
City government:

Governmental activities:

General government 6,809,354 $ 594,095 $ 311,596 $ 308,428 $ (5,595,235) $ Public safety 6,418,427 - 186,159 - (6,232,268) Public works:

Public works administration 2,510,302 41,935 - - (2,468,367) Streets 1,674,900 - 1,705,975 - 31,075 Parks and recreation 3,165,090 1,354,234 - - (1,810,856) Total governmental activities 1,990,264 20,578,073 2,203,730 308,428 (16,075,651) Total City government $ 1,990,264 20,578,073 $ 2,203,730 $ 308,428 $ (16,075,651) General revenues:

Taxes:

Property taxes 5,799,615
Sales and use taxes 5,977,182
Transient occupancy taxes 3,194,248
Franchises 723,011
Business license taxes 70,586
Other general revenues 413,253
Use of money and property 1,078,439
Fines and forfeitures 126,992
Total general revenues 17,383,326 Change in net position 1,307,675 Net position, beginning of fiscal year, 53,344,340 Net position, end of fiscal year $ 54,652,015

FUND FINANCIAL STATEMENTS
Governmental Funds Financial Statements

-20-

GOVERNMENTAL FUNDS FINANCIAL STATEMENTS
General Fund - This fund is used to account for resources which are not required legally or by sound financial management to be accounted for in another fund.

Capital Improvements Fund - This fund is used to account for capital assets acquisition, construction and improvements of capital facilities, including infrastructure, from general government resources, designated developer fees (such as traffic mitigation fees, bridge fees, etc.), and intergovernmental grants. Funds collected under this program may be used only for the purpose collected.

Revolving Fund - The Revolving Fund is used to account for most grants from public or private sources which have been awarded to the City for specific purposes.

Measure A Fund - The Measure A Fund is used to account for Measure “A” funds, the county wide sales tax on motor vehicle fuel which was approved by the voters of the County. The program is administered by the Santa Barbara County Association of Governments. Funds under this program must be used for local transit, street and right-of-way maintenance and improvements and street related capital improvements pursuant to the City adopted Five Year Program of Projects which is updated and reviewed annually.

Housing Fund - The Housing Fund is used to account for the Workforce Homebuyers Down Payment Loan Program to expand homeownership opportunities in the City.

Tidelands Trust Fund - The Tidelands Trust Fund is used to account for revenues received from the City’s offshore tidelands which were granted in trust to the City by the State. In addition to interest earnings, revenues are also derived from annual lease payments form oil company offshore pipelines and the pier as well as a share of state royalty payments which are authorized to public agencies maintaining public recreational beaches fronting a producing oil field. These monies may only be used for beach related purposes.

Other Governmental Funds - This is the aggregate of all the non-major governmental funds.

City of Carpinteria
Governmental Funds
Balance Sheet
June 30, 2024
The accompanying notes are an integral part of these financial statements. -21-
Capital
General Improvements Revolving Measure A
Fund Fund Fund Fund
ASSETS:

Cash and investments 14,715,792 $ 3,277,947 $ 519,365 $ 1,294,458 $ Accounts receivable 2,494,286 130,178 23,015 262,516
Lease receivable - - - - Notes receivable - 8,303 - -
Inventory - - - - Prepaid expenses 6,074 - - - Total assets 17,216,152 $ 3,416,428 $ 542,380 $ 1,556,974 $

LIABILITIES, DEFERRED INFLOWS OF
RESOURCES AND FUND BALANCES:

LIABILITIES:

Accounts payable 487,526 $ 235,165 $ 5,806 $ 41,817 $
Accrued liabilities 39,125 - - - Deposits 394,987 442,628 - - Unearned revenue 110,519 438,924 536,574 - Total liabilities 1,032,157 1,116,717 542,380 41,817 DEFERRED INFLOWS OF RESOURCES:

Lease related - - - - Unavailable revenue - - - - Total deferred inflows of resources - - - - FUND BALANCES:

Nonspendable 6,074 - - - Restricted for:

Development - 2,299,711 - - Recycling - - - - Cable television access - - - - Recreation services - - - - Streets - - - 1,515,157 Housing - - - - Pension stabilization 1,270,124 - - - Library services - - - - Committed for:

Capital asset replacement 1,080,447 - - - Economic uncertainties 5,327,794 - - - Special projects 832,645 - - - Assigned Improvements and services 5,171,629 - - - Unassigned 2,495,282 - - - Total fund balances 16,183,995 2,299,711 - 1,515,157 Total liabilities, deferred inflows of resources, and fund balances 17,216,152 $ 3,416,428 $ 542,380 $ 1,556,974 $ -22-
Housing Fund Other Total
(Formerly Tidelands Governmental Governmental
Non-Major) Trust Funds Funds
$ 492,737 463,711 $ 1,292,545 $ 22,056,555 $
8,186 2,323 251,565 3,172,069
1,537,394 - 183,973 1,721,367
- 633,000 - 641,303
- - 19,636 19,636
- - 16,341 22,415
$ 2,032,454 1,104,897 $ 1,764,060 $ 27,633,345 $
$ 2,818 4,508 $ 139,569 $ 917,209 $
- - - 39,125
- - - 837,615
- - 14,472 1,100,489
2,818 4,508 154,041 2,894,438
1,417,470 - 172,260 1,589,730
- 633,000 - 633,000
1,417,470 633,000 172,260 2,222,730
- - 35,977 42,051
- - - 2,299,711
- - 34,808 34,808
- - 29,810 29,810
612,166 - - 612,166
- - 1,290,595 2,805,752
- 467,389 - 467,389
- - - 1,270,124
- - 66,205 66,205
- - - 1,080,447
- - - 5,327,794
- - - 832,645
- - - 5,171,629
- - (19,636) 2,475,646
612,166 467,389 1,437,759 22,516,177 $ 2,032,454 1,104,897 $ 1,764,060 $ 27,633,345 $

City of Carpinteria
Reconciliation of the Governmental Funds – Balance Sheet to the Statement of Net Position
June 30, 2024
The accompanying notes are an integral part of these financial statements. -23-
Total fund balances - governmental funds 22,516,177 $
Capital assets at historical cost 48,872,801 $
Accumulated depreciation (8,359,469) Net 40,513,332 Long-term liabilities relating to governmental activities consist of:

Compensated absences payable (229,139) Total OPEB liability (1,230,373) Net pension liability (10,685,653) Total (12,145,165) reported as deferred inflows of resources in the governmetnal funds until collected in cash. 633,000 Deferred outflows of resources:

Pension related 4,207,705 OPEB related 206,925 Deferred inflows of resources:

Pension related (438,852) OPEB related (841,107)
Total 3,134,671 Total net position - governmental activities 54,652,015 $ In governmental funds, only current assets are reported. In the statement of statement of net position, all liabilities, including long-term liabilities, are reported.
pensions and OPEB are not reported because they are applicable to future periods. In the statement of net position, deferred outflows and inflows of resources relating to pensions and OPEB are reported.
position, all assets are reported, including capital assets and accumulated depreciation.

Long-term liabilities: In governmental funds, only current liabilities are reported.

Some assets such as long-term notes receivable are not available for use and In governmental funds, deferred outflows and inflows of resources relating to City of Carpinteria
Governmental Funds
Statement of Revenues, Expenditures and Changes in Fund Balance For the Fiscal Year Ended June 30, 2024
The accompanying notes are an integral part of these financial statements. -24-
Capital
General Improvements Revolving Measure A
Fund Fund Fund Fund
REVENUES:

Property taxes 5,191,288 $ - $ - $ - $
Sales taxes 5,977,182 - - - Transient occupancy taxes 3,194,248 - - - Franchises 723,011 - - - Business license taxes 70,586 - - - Special assessments - - - - Licenses and permits 284,202 - - - Fines and forfeitures 76,044 - - - Intergovernmental 420,947 308,428 57,863 1,010,245 Use of money and property 653,680 107,956 - 66,271 Charges for services 385,284 41,935 - - Miscellaneous 121,190 - 31,278 10,209 Total revenues 17,097,662 458,319 89,141 1,086,725 EXPENDITURES:

Current:

General government 5,889,112 - 12,689 - Public safety 6,391,915 - - - Public works and streets 702,587 - 26,151 562,189 Parks and recreation 409,758 - 39,419 - Capital outlay 50,427 3,593,466 6,000 - Total expenditures 13,443,799 3,593,466 84,259 562,189 Excess (deficiency) of revenues over (under) expenditures 3,653,863 (3,135,147) 4,882 524,536 OTHER FINANCE SOURCES (USES):

Transfers in - 3,503,884 12,689 - Transfers out (4,173,620) - (17,571) (497,754) Total other financing sources (uses) (4,173,620) 3,503,884 (4,882) (497,754) Net change in fund balances (519,757) 368,737 - 26,782 Fund balance, beginnin gof year as previously reported 16,703,752 1,930,974 - 1,488,375 Adjustment - change from non-major to major - - - - Fund balance, beginning of fiscal year, as adjusted 16,703,752 1,930,974 - 1,488,375 Fund balances, end of fiscal year $ 2,299,711 16,183,995 $ - $ 1,515,157 $ -25-
Housing Fund Other Total
(Formerly Tidelands Governmental Governmental
Non-Major) Trust Funds Funds
$ - - $ 407,165 $ 5,598,453 $
- - - 5,977,182
- - - 3,194,248
- - - 723,011
- - - 70,586
- - 270,097 270,097
- - - 284,202
- - 50,948 126,992
- - 714,675 2,512,158
38,672 58,545 53,841 978,965
309,803 - 983,538 1,720,560
170 59,400 107,572 329,819
348,645 117,945 2,587,836 21,786,273
- 186,321 111,483 6,199,605
- - - 6,391,915
- - 1,351,604 2,642,531
256,595 - 2,273,762 2,979,534
- - 32,369 3,682,262
256,595 186,321 3,769,218 21,895,847
92,050 (68,376) (1,181,382) (109,574)
- - 1,751,567 5,268,140
(4,573) - (574,622) (5,268,140)
(4,573) - 1,176,945 -
87,477 (68,376) (4,437) (109,574)
524,689 - 1,977,961 22,625,751
- 535,765 (535,765) -
524,689 535,765 1,442,196 22,625,751 $ 612,166 467,389 $ 1,437,759 $ 22,516,177 $ City of Carpinteria
Reconciliation of the Governmental Funds Statement of Revenues, Expenditures and Changes in Fund Balance to the Statement of Activities
For the Fiscal Year Ended June 30, 2024
The accompanying notes are an integral part of these financial statements. -26-
Total net change in fund balances - governmental funds (109,574) $ 1,413,588
Change in compensated abscences payable (74,787) $
Subscription payments 14,175
(60,612)
166,612
99,475
(201,814)
Changes in net position - governmental activities 1,307,675 $ contributions are made. In the statement of activities, pension costs are recognized on the accrual basis. This year, the difference between accrualbasis pension costs and actual employer contributions was:

Capital assets are reported in governmental funds as expenditures. However, in thestatement of activities, the cost of those assets is allocated over their estimated useful lives as depreciation expense. This is the amount by which additions to capital assets of exceeded depreciation expense.

In the statement of activities, compensated absences and long-term debt are measured by the amounts earned during the fiscal year. In governmental funds, however, expenditures for these items are measured by the amount of financial resources used (essentially the amounts paid). Proceeds from debt issuances are reported as a revenue in the governmental funds, but the issuance increases long-term liabilities in the statement of net position.

In governmental funds, OPEB costs are recognized when employer contributions are made. In the statement of activities, OPEB costs are recognized on the accrual basis. This fiscal year, the difference between accrual-basis OPEB costs and actual employer contribution was:

Expenditures for long-term notes receivable are an outflow of resources in the funds but are reported as assets in the statement of net position In governmental funds, pension costs are recognized when employer

NOTES TO BASIC FINANCIAL STATEMENTS

City of Carpinteria
Notes to the Basic Financial Statements
June 30, 2024
-27-
NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
The accounting policies of the City of Carpinteria conform to U.S. Generally Accepted Accounting Principles as applicable to governments. The Governmental Accounting Standards Board (GASB) is the accepted standard-setting body for establishing governmental accounting and financial reporting principles.

A) Reporting Entity
The City of Carpinteria is a municipal corporation governed by an elected five-member City Council. The accompanying financial statements present the government and its component units, entities for which the government is considered to be financially accountable.

The Carpinteria Public Improvement Corporation is a legally separate Corporate Entity for which the City is financially accountable, and it is governed by the elected City Council.

The Corporation was formed to provide a method of financing public improvements. The financial activities of the Corporation are blended with those of the City and are reported in the City's governmental funds, and as capital assets of the City and debt obligations of the City. The Carpinteria Public Improvement Corporation last debt was paid off in fiscal year 2018.

B) Government-wide and Fund Financial Statements
The government-wide financial statements (i.e., the statement of net position and the statement of activities) report information on all activities of the City. 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 City has no functions which are reported as business-type activities.

The statement of activities demonstrates the degree to which the direct expenses of a given function or segment are offset by program revenues. Direct expenses are those that are clearly identifiable with a specific function or segment. Program revenues 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 contributions that are restricted to meeting the operational or capital requirements of a particular function or segment. Taxes and other items not properly included among program revenues are reported instead as general revenues. Separate financial statements are provided for governmental funds. Major individual governmental funds are reported as separate columns in the fund financial statements.

City of Carpinteria
Notes to the Basic Financial Statements
June 30, 2024
-28-
NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued) C) Measurement Focus, Basis of Accounting, and Financial Statement Presentation The government-wide financial statements are reported using the economic resources measurement focus and the accrual basis of accounting. Revenues are recorded when earned and expenses are recorded when a liability is incurred, regardless of the timing of related cash flows. Property taxes are recognized as revenues in the year for which they are levied. Grants and similar items are recognized as revenue as soon as all eligibility requirements imposed by the provider have been met.

Governmental fund financial statements are reported using the current financial resources measurement focus and the modified accrual basis of accounting. Revenues are recognized as soon as they are both measurable and available. Revenues are considered to be available when they are collectible within the current period or soon enough thereafter to pay liabilities of the current period. For this purpose, the government considers revenues to be available if they are collected within 60 days of the end of the current fiscal period. Expenditures generally are recorded when a liability is incurred, as under accrual accounting. However, debt service expenditures, as well as expenditures related to compensated absences and claims and judgments, are recorded only when payment is due. Assets in governmental funds that do not meet the availability criterion for recognition as revenue in the governmental funds are classified as a deferred inflow of resources as those resources are not available for spending in the current period.

Property taxes, sales taxes, transient occupancy taxes, licenses, and interest associated with the current fiscal period are all considered to be susceptible to accrual and so have been recognized as revenues of the current fiscal period.

All other revenue items are considered to be measurable and available only when cash is received by the government. The City reports the following major governmental funds:

The General Fund is the government’s primary operating fund. It accounts for all financial resources of the City, except those required to be accounted for in another fund.

The Capital Improvements Fund accounts for development impact fees collected by the City and restricted by City regulation for use only for capital related improvements, primarily infrastructure type assets.

The Revolving Fund is used to account for grants and allocations made to the City by Federal, State, and County governments for special projects.

The Measure A fund is used to account for allocations made to the City by the County for use in street related projects.

The Housing Fund is used to account for the Workforce Homebuyers Down Payment Loan Program to expand homeownership opportunities in the City.

City of Carpinteria
Notes to the Basic Financial Statements
June 30, 2024
-29-
NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued) C) Measurement Focus, Basis of Accounting, and Financial Statement Presentation (continued)
The Tidelands Trust Fund is used to account for revenues received from the City’s offshore tidelands which were granted in trust to the City by the State.

As a general rule the effect of interfund activity has been eliminated from the governmentwide financial statements. Exceptions to this general rule are payments-in-lieu of taxes and other charges between the City’s various other functions of government.

Elimination of these charges would distort the direct costs and program revenues reported for the various functions concerned.

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 as program revenues. Likewise, general revenues include all taxes.

D) Assets, Liabilities, and Fund Balance
Deposits and Investments
The City is authorized by its most recent investment policy to invest in the State of California Local Agency Investment Fund; FDIC insured interest-bearing checking accounts; investments permitted by California Law including U.S. Treasury securities. The City's investment policy specifically prohibits any investment resulting in zero interest accrual if held to maturity. Investments in the debt service fund are permitted to be invested in other investments in accordance with the trust agreement. Investments of the City are reported at fair value. The State Treasurer’s Investment Pool operates in accordance with appropriate state laws and regulations. The reported value of the pool is the same as the fair value of the pool shares.

Receivables and Payables
Activity between funds that are representative of lending/borrowing arrangements outstanding at the end of the fiscal year are referred to as either “due to/from other funds” (i.e., the current portion of interfund loans) or “advances to/from other funds” (i.e., the noncurrent portion of interfund loans). All other outstanding balances between funds are reported as “due to/from other funds”.

Advances between funds, as reported in the fund financial statements, are offset by a fund balance reserve account in applicable government funds to indicate that they are not available for appropriation and are not expendable available financial resources. All trade and property tax receivables are not shown net of an allowance for un-collectibles.

City of Carpinteria
Notes to the Basic Financial Statements
June 30, 2024
-30-
NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued) D) Assets, Liabilities, and Fund Balance (continued)
Receivables and Payables (continued)
Property taxes are levied as of March 1 on property values assessed as of the same date.

State statutes provide that the property tax rate be limited generally to one percent of market value, be levied by only the County, and be shared by applicable jurisdictions. The County of Santa Barbara collects the taxes and distributes them to taxing jurisdictions on the basis of assessed valuations subject to voter- approved debt. Property taxes are due on November 1 and March 1 and become delinquent on December 10 and April 10. The City recognizes property tax revenues in the fiscal year in which they are due to the City.

Inventories and Prepaid Items
All inventories are valued at cost using the first-in/first-out (FIFO) method. Inventories of governmental funds are recorded as expenditures when used or consumed. Certain payments to vendors reflect costs applicable to future accounting periods and are recorded as prepaid items in both government-wide and fund financial statements using the consumption method.

Capital and Intangible Assets
Capital assets, which include property, plant, equipment, and infrastructure assets (e.g., roads, bridges, sidewalks, and similar items), are reported in the applicable governmentaltype activities columns in the government-wide financial statements. Capital assets are defined by the government as assets with an initial, individual cost of more than $3,000 ($50,000 for infrastructure type assets) and an estimated useful life in excess of one year.

Such assets are recorded at historical cost, or estimated historical cost if purchased or constructed. Donated capital assets are recorded at estimated acquisition value at the date of donation. The costs of normal maintenance and repairs that do not add to the value of the asset or materially extend assets lives are not capitalized. Major outlays for capital assets and improvements are capitalized as projects are constructed.

Property, plant, and equipment of the City are depreciated using the straight-line method over the following estimated useful lives:

Assets Years
Buildings and improvements 15-40
Public domain infrastructure 50
System infrastructure 50
Vehicles and equipment 5-10
Intangible right-to-use assets are related to equipment or real property that the City has obtained the right to utilize for a specified period of time through the use of an agreement.

The life of the right-to-use asset is for the same period as the lease and amortized on a straight-line basis over that period.

City of Carpinteria
Notes to the Basic Financial Statements
June 30, 2024
-31-
NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued) D) Assets, Liabilities, and Fund Balance (continued)
Compensated Absences
It is the government’s policy to permit employees to accumulate earned but unused paid time off. All paid time off is accrued when incurred in the government-wide financial statements. A liability for these amounts is reported in the governmental funds only if they have matured, for example, as a result of employee resignations and retirements.

Pensions and Other Postemployment Benefits
For purposes of measuring the net pension liability (NPL), deferred outflows of resources and deferred inflows of resources related to pensions, and pension expense, information about the fiduciary net position of the State of California Public Employees Retirement System (PERS) and additions to or deductions from the PERS fiduciary net position have been determined on the same basis as they are reported by the PERS. 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.

The general fund is used to liquidate the net pension liability.

For purposes of measuring the other postemployment benefit total liability (OPEB), deferred outflows of resources and deferred inflows of resources, and expense associated with the City’s requirement to contribute to its OPEB Plan, the City obtains an actuarial valuation of its OPEB plan. The City recognizes benefit payments when due and payable in accordance with the Plan. The general fund is used to liquidate the OPEB liability.

Long-term Obligations
In the government-wide financial statements, long-term debt and other long-term obligations are reported as liabilities in the applicable governmental activities statement of net position.

Leases
The City’s lease receivable is measured at the present value of lease payments expected to be received during the lease term. Under the lease agreement, the City may receive variable lease payments that are dependent upon the lessee’s revenue. The variable payments are recorded as an inflow of resources in the period the payment is received. A deferred inflow of resources is recorded for the lease. The deferred inflow of resources is recorded at the initiation of the lease in an amount equal to the initial recording of the lease receivable. The deferred inflow of resources is amortized on a straight-line basis over the term of the lease.

City of Carpinteria
Notes to the Basic Financial Statements
June 30, 2024
-32-
NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued) D) Assets, Liabilities, and Fund Balance (continued)
Fund Balances – Governmental Funds
Fund balances for governmental funds are reported in classifications based primarily on the extent to which the City is bound to honor constraints about the specific purposes for which amounts in these funds can be spent. These classifications include (1) nonspendable, (2) restricted, (3) committed, (4) assigned and (5) unassigned amounts. Nonspendable amounts generally are items not expected to be converted into cash such as inventories, prepaid items, and certain long-term receivables. Restricted amounts include those amounts where constraints placed on the use of the resources are externally imposed by grantors, contributors, other governments or by laws and regulations.

Committed amounts are those that can only be used for a specific purpose as determined by the City Council. Such committed amounts may be redeployed for other uses only by direction of the City Council. Assigned amounts are fund balance amounts constrained by the City’s intent to be used for a specific purpose as determined by the Administrative Services Director or City Manager. Unassigned amounts are the residual amounts reported in the general fund. The City Council by resolution established a policy that delegates to the City Manager or Administrative Services Director the authority to establish, rescind or modify assigned amounts. Committed amounts may be established, modified, or rescinded by the adoption of a resolution of the City Council.

When expenditures are incurred for which both restricted and unrestricted (committed, assigned or unassigned) amounts are available, the City considers that restricted amounts would be spent first. When expenditures are incurred for which any class of unrestricted fund balance could be used, the City considers committed amounts would be reduced first, followed by assigned, and then unassigned amounts.

E) New Accounting Pronouncements
For the fiscal year ended June 30, 2024, the City implemented Governmental Accounting Standards Board (GASB) Statement No. 100, Accounting Changes and Error Corrections.

This Statement provides guidance on the accounting and financial reporting requirements for accounting changes and error corrections. The requirements of this Statement are effective for reporting periods beginning after June 15, 2023.

Implementation Guide No. 2023-1, Implementation Guidance update – 2023, effective for reporting periods beginning after June 15, 2023.

City of Carpinteria
Notes to the Basic Financial Statements
June 30, 2024
-33-
NOTE 2 - DETAIL NOTES ON ALL FUNDS
A) Deposits and Investments
Deposits and investments on June 30, 2024 consisted of the following:

Cash on hand 1,000 $
Deposits with financial institutions 2,801,657
Investments 19,253,898 Total cash and investments 22,056,555 $ Interest Rate Risk - As a means of limiting its exposure to fair value losses arising from rising interest rates, the City's investment policy limits the City's investment portfolio to the State of California Local Agency Investment Fund and to U.S. Treasury bills and notes with a maturity of five years or less at the time of purchase.

Remaining Maturity (in Months)
Carrying 12 Months 13-24 25-60
Investment Type Amount or Less Months Months
LAIF 3,595,658 $ 3,595,658 $ - $ - $
Money Market Funds 3,755,070 3,755,070 - - Pension Stabilization 1,270,124 1,270,124 - - U.S. Agency Securities 10,633,046 2,705,117 2,366,406 5,561,523 Total 19,253,898 $ 11,325,969 $ 2,366,406 $ 5,561,523 $ Credit Risk - The City’s policy is to limit investments to those that are rated in the top two credit ratings by nationally recognized rating organizations. The City's investment in LAIF and mutual funds were unrated.

Minimum
Carrying Legal
Investment Type Amount Rating Unrated
LAIF 3,595,658 $ N/A 3,595,658 $
Money Market Funds 3,755,070 N/A 3,755,070 Pension Stabilization 1,270,124 N/A 1,270,124 U.S. Agency Securities 10,633,046 N/A 10,633,046 Total 19,253,898 $ 19,253,898 $ Custodial Credit Risk - For an investment, custodial credit risk is the risk that, in the event of the failure of a counterparty, the City will not be able to recover the value of its investments or collateral securities that are in the possession of an outside party. The City's investment policy specifies that securities are to be held by a third party, other than the counterparty, in the City's name, whenever possible. Investments in the LAIF and mutual fund are not subject to custodial credit risk as they are not evidenced by specific securities. The U.S. Treasury Notes are held in a separate account in the name of the City.

City of Carpinteria
Notes to the Basic Financial Statements
June 30, 2024
-34-
NOTE 3 - DETAIL NOTES ON ALL FUNDS (continued)
A) Deposits and Investments (continued)
Fair Value Measurements – Investments – The City categorizes its fair value measurements within the hierarchy established by generally accepted account principles.

The hierarchy is based on the valuation inputs used to measure the fair value of the asset.

Level 1 inputs are quoted market prices in active markets for identical assets; Level 2 inputs are significant other observable inputs, and level 3 inputs are significant unobservable inputs. The City has the following fair value measurements at June 30, 2024:

Investments by Fair Value Level Total Level 1 Level 2 Level 3 U.S. Agency Securities 10,633,046 $ 10,633,046 $ - $ - $ Investments Measured at Amortized Cost
Local Agency Investment Fund 3,595,658 Money Market Funds 3,755,070 Pension Stabilization 1,270,124
Total 19,253,898 $
B) Receivables
Receivables as of year-end for the government’s individual major and nonmajor funds in the aggregate, net of the applicable allowances for uncollectible accounts, are as follows:

Capital
General Improvements Revolving Measure A Housing Tidelands Nonmajor Receivables Fund Fund Fund Fund Fund Trust Fund Funds Total Accounts 2,494,286 $ 130,178 $ 23,015 $ 262,516 $ 8,186 $ 2,323 $ 251,565 $ 3,172,069 $ Long-term note - 8,303 - - 633,000 - - 641,303 $ 138,481 2,494,286 $ 23,015 $ 262,516 $ 641,186 $ 2,323 $ 251,565 $ 3,813,372 $ C) Lease Receivable
On May 10, 1982, the City entered into a lease agreement with DCOR for the use of the Platform Habitat. This lease was extended on April 13, 2022 for an additional five years through 2027. Under the lease, DCOR will pay the City $35,671 yearly.

On September 4, 2018, the City entered into a lease agreement with Chevron for the use of the Casitas Pier. The original lease expired in September 2023, and was extended through October 31, 2030. Under the lease, Chevron will pay the City $247,173 yearly.

On July 1, 2023, the City entered into a lease agreement with the Friends of the Library for the use of the Library. The contract expires June 30, 2028. Under the lease, Friends of the Library will pay the City $12,500 per quarter.

City of Carpinteria
Notes to the Basic Financial Statements
June 30, 2024
-35-
NOTE 3 - DETAIL NOTES ON ALL FUNDS (continued)
C) Lease Receivable (continued)
The following is a schedule of future payments of principal and interest of the lease receivable as of June 30, 2024:

Year Ending
June 30, Principal Interest
2025 310,755 $ 22,089 $
2026 315,187 17,657 2027 319,718 13,126
2028 288,678 8,495 2029 242,303 4,870
Thereafter 244,726 2,447
$ 68,684 1,721,367 $
In the fiscal year ended June 30, 2024, the City recognized $24,170 in interest revenue and $308,674 in lease revenue.

D) Interfund Transfers
The composition of interfund transfers as of June 30, 2024, is as follows:

Transfer In
Transfer Out
Capital
Improvements Revolving Fund
Non-major
Funds Total
General Fund 2,426,935 $ 12,689 $ 1,733,996 $ 4,173,620 $ Measure A 497,754 - - 497,754 Revolving Fund - - 17,571 17,571 Tidelands Trust 4,573 - - 4,573 Non-major Funds 574,622 - - 574,622 $ 12,689 3,503,884 $ 1,751,567 $ 5,268,140 $ The transfers were made from the General Fund to the non-major funds for a total of $1,701,774 for subsidies, the remaining transfers were related to insurance, CIP projects, Insurance and Hazard Mitigation grant write offs, and GATV remodel for $2,471,846.

Transfers from the General Fund, Measure A, Tidelands Trust, and the non-major funds to the Capital Improvements Fund were for several capital project expenditures. Transfer from the Revolving Fund to the Non-major Funds were for the repayment of a Garden Coordinator.

City of Carpinteria
Notes to the Basic Financial Statements
June 30, 2024
-36-
NOTE 3 - DETAIL NOTES ON ALL FUNDS (continued)
E) Capital Assets
Capital asset activity for the fiscal year ended June 30, 2024 was as follows:

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

Land $ 10,492,125 $ - $ 10,492,125 - $
Park land site improvements 2,133,835 - 2,133,835 - Construction in progress 8,290,486 2,426,402 10,716,888 - Total nondepreciable capital assets 20,916,446 2,426,402 23,342,848 - Depreciable capital assets:

Buildings 8,004,758 - 8,004,758 - Machinery and equipment 1,690,055 97,303 70,283 1,717,075 Vehicles 784,167 - - 784,167
Infrastructure 13,553,335 - 13,553,335 - City pool and facilities 1,470,618 - 1,470,618 - Right-to-use subscription asset 27,937 - 27,937 - Total depreciable capital assets 25,530,870 97,303 98,220 25,529,953 Less accumulated depreciation/amortization
Buildings 1,724,033 245,998 1,970,031 - Machinery and equipment 919,484 200,032 70,283 1,049,233 Vehicles 362,414 126,657 - 489,071
Infrastructure 2,949,877 519,535 3,469,412 - City pool and facilities 1,377,796 3,926 1,381,722 - Right-to-use subscription asset 13,968 13,969 27,937 - Total accumulated depreciation/amortization 7,347,572 1,110,117 98,220 8,359,469 Net depreciable/amortizable capital assets 18,183,298 (1,012,814) 17,170,484 - Governmental Activities Capital Assets, Net 39,099,744 $ $ 1,413,588 $ 40,513,332 - $ Depreciation expense was charged to functions/programs of the City as follows:

Governmental Activities
General government $ 592,054
Parks and recreation programs 161,421
Public works and streets 356,642
Total depreciation/amortization expense $ 1,110,117
F) Long-Term Liabilities
Changes in Long-term Liabilities
Long-term liability activity for the 2024 fiscal year was as follows:

Balance at Balance at Due Within
June 30, 2023 Additions Deletions June 30, 2024 One Year Compensated absences 154,352 $ $ 399,906 $ (325,119) $ 229,139 $ 24,464 SBITA liabilities 14,175 - (14,175) - - $ 168,527 $ 399,906 $ (339,294) $ 229,139 $ 24,464 The City’s General Fund is normally used to liquidate the liability for compensated absences.

City of Carpinteria
Notes to the Basic Financial Statements
June 30, 2024
-37-
NOTE 3 - DETAIL NOTES ON ALL FUNDS (continued)
F) Long-Term Liabilities (continued)
The subscription-based information technology (SBITA) arrangements are for 12-60 months with interest rates at 3%. The City is required to make payments ranging between $2,800-$11,266. As of June 30, 2024, the City had no balance outstanding for the SBITA liability.

G) Restricted Net Position and Non-spendable Fund Balances The $7,540,594 restricted amount in the governmental activities statement of net position represents amounts to be used only for specific purposes which restrictions are imposed by laws, formal agreements, or other governments. The restricted amounts consist of $2,299,711 restricted for development, $3,273,141 in the Capital Projects Fund, $1,270,124 for pension stabilization, $633,000 restricted for housing, $34,808 for solid waste recycling program and $29,810 for cable television access. The pension stabilization arrangement was established by the City Council formally adopting an enabling resolution and entering into a third-party agreement for the pooled investment of the stabilization funds (an IRS section 115 irrevocable trust). The stabilization funds can only be spent for any pension related purpose. The City may, but is not required to do so, make addition deposits to the stabilization fund.

Non-spendable fund balances consisted of $42,051 for inventory prepaid expenses balances.

NOTE 4 - OTHER INFORMATION
A) Risk Management
Description of Self-Insurance Pool Pursuant to Joint Powers Agreement The City of Carpinteria is a member of the CALIFORNIA JOINT POWERS INSURANCE AUTHORITY (Authority). The Authority is composed of 124 California public entities and is organized under a joint powers agreement pursuant to California Government Code §6500 et seq. The purpose of the Authority is to arrange and administer programs for the pooling of self-insured losses, to purchase excess insurance or reinsurance, and to arrange for group purchased insurance for property and other lines of coverage. The California JPIA began covering claims of its members in 1978. Each member government has an elected official as its representative on the Board of Directors. The Board operates through a nine-member Executive Committee.

City of Carpinteria
Notes to the Basic Financial Statements
June 30, 2024
-38-
NOTE 4 - OTHER INFORMATION (continued)
A) Risk Management (continued)
Primary Self-Insurance Programs of the Authority
Each member pays an annual contribution at the beginning of the coverage period. A retrospective adjustment is then conducted annually thereafter, for coverage years 2012- 13 and prior. Coverage years 2013-14 and forward are not subject to routine annual retrospective adjustment. The total funding requirement for primary self-insurance programs is based on an actuarial analysis. Costs are allocated to individual agencies based on payroll and claims history, relative to other members of the risk-sharing pool.

Primary Liability Program
Claims are pooled separately between police and general government exposures. (1) The payroll of each member is evaluated relative to the payroll of other members. A variable credibility factor is determined for each member, which establishes the weight applied to payroll and the weight applied to losses within the formula. (2) The first layer of losses includes incurred costs up to $100,000 for each occurrence and is evaluated as a percentage of the pool’s total incurred costs within the first layer. (3) The second layer of losses includes incurred costs from $100,000 to $500,000 for each occurrence and is evaluated as a percentage of the pool’s total incurred costs within the second layer. (4) Incurred costs from $500,000 to $50 million, are distributed based on the outcome of cost allocation within the first and second loss layers.

The overall coverage limit for each member, including all layers of coverage, is $50 million per occurrence. Subsidence losses also have a $50 million per occurrence limit. The coverage structure is composed of a combination of pooled self-insurance, reinsurance, and excess insurance. Additional information concerning the coverage structure is available on the Authority’s website: https://cjpia.org/coverage/risk-sharing-pools/.

Primary Workers’ Compensation Program
Claims are pooled separately between public safety (police and fire) and general government exposures. (1) The payroll of each member is evaluated relative to the payroll of other members. A variable credibility factor is determined for each member, which establishes the weight applied to payroll and the weight applied to losses within the formula. (2) The first layer of losses includes incurred costs up to $75,000 for each occurrence and is evaluated as a percentage of the pool’s total incurred costs within the first layer. (3) The second layer of losses includes incurred costs from $75,000 to $200,000 for each occurrence and is evaluated as a percentage of the pool’s total incurred costs within the second layer. (4) Incurred costs from $200,000 to statutory limits are distributed based on the outcome of cost allocation within the first and second loss layers.

City of Carpinteria
Notes to the Basic Financial Statements
June 30, 2024
-39-
NOTE 4 - OTHER INFORMATION (continued)
A) Risk Management (continued)
For 2023-24 the Authority’s pooled retention is $1 million per occurrence, with reinsurance to statutory limits under California Workers’ Compensation Law. Employer’s Liability losses are pooled among members to $1 million. Coverage from $1 million to $5 million is purchased through reinsurance policies, and Employer’s Liability losses from $5 million to $10 million are pooled among members.

Purchased Insurance
Pollution Legal Liability Insurance
The City of Carpinteria participates in the pollution legal liability insurance program which is available through the Authority. The policy covers sudden and gradual pollution of scheduled property, streets, and storm drains owned by the City of Carpinteria. Coverage is on a claims-made basis. There is a $250,000 deductible. The Authority has an aggregate limit of $20 million.

Property Insurance
The City of Carpinteria participates in the all-risk property protection program of the Authority. This insurance protection is underwritten by several insurance companies. City of Carpinteria property is currently insured according to a schedule of covered property submitted by the City of Carpinteria to the Authority. City of Carpinteria property currently has all-risk property insurance protection in the amount of $26,657,203. There is a $10,000 deductible per occurrence except for non-emergency vehicle insurance which has a $2,500 deductible.

Earthquake and Flood Insurance
The City of Carpinteria purchases earthquake and flood insurance on a portion of its property. The earthquake insurance is part of the property protection insurance program of the Authority. City of Carpinteria property currently has earthquake protection in the amount of $10,677,015. There is a deductible of 5% per unit of value with a minimum deductible of $100,000.

Crime Insurance
The City of Carpinteria purchases crime insurance coverage in the amount of $1,000,000 with a $2,500 deductible. The fidelity coverage is provided through the Authority.

City of Carpinteria
Notes to the Basic Financial Statements
June 30, 2024
-40-
NOTE 4 - OTHER INFORMATION (continued)
A) Risk Management (continued)
Special Event Tenant User Liability Insurance
The City of Carpinteria further protects against liability damages by requiring tenant users of certain property to purchase low-cost tenant user liability insurance for certain activities on agency property. The insurance premium is paid by the tenant user and is paid to the City of Carpinteria according to a schedule. The City of Carpinteria then pays for the insurance. The insurance is facilitated by the Authority.

Adequacy of Protection
During the past three fiscal years, none of the above programs of protection experienced settlements or judgments that exceeded pooled or insured coverage. There were also no significant reductions in pooled or insured liability coverage in 2023-24.

B) Contingencies and Commitments
Litigation. The City is involved in litigation incurred in the normal course of conducting City business. City management believes that, based upon consultation with its counsel, these cases, in the aggregate, are not expected to result in a material adverse financial impact on the City.

C) Law Enforcement Agreement
The City, since 1992, has maintained an agreement with the Santa Barbara County Sheriff's Department to provide law enforcement services to the City of Carpinteria. These services are accounted for in the City's general fund and related expenditures are charged to public safety. The City's Public Employees Retirement Plan (PERS) for police employees pertains only to safety employees employed by the City prior to 1992, and the City made separate current contributions to that Plan based upon the PERS funding arrangements.

City of Carpinteria
Notes to the Basic Financial Statements
June 30, 2024
-41-
NOTE 4 - OTHER INFORMATION (continued)
D) Public Employee Pension Plans
Plan Description – All qualified permanent and probationary employees are eligible to participate in the Public Agency Cost-Sharing Multiple-Employer Defined Benefit Pension Plan (Plan or PERF C) administered by the California Public Employees’ Retirement System (CalPERS.) The Plan consists of a miscellaneous pool and a safety pool (also referred to as “risk pools”), which are comprised of individual employer miscellaneous and safety rate plans, respectively. Plan assets may be used to pay benefits for any employer rate plan of the safety and miscellaneous pools. Accordingly, rate plans within the safety or miscellaneous pools are not separate plans under generally accepted accounting principles. Individual employers may sponsor more than one rate plan in the miscellaneous or safety risk pools. The City participates in three rate plans (two miscellaneous and one safety). 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, at www.calpers.ca.gov.

Benefits Provided – CalPERS provides service retirement and disability benefits, annual cost of living adjustments and death benefits to plan members, who must be public employees and beneficiaries. Benefits are based on years of credited service, equal to one year of full-time employment. Members with five years of total service are eligible to retire at age 50 with statutorily reduced benefits. All members are eligible for non-duty disability benefits after 5 years of service. The death benefit is one of the following: the Basic Death Benefit, the 1957 Survivor Benefit, or the Optional Settlement 2W Death Benefit. The cost-of-living adjustments for each plan are applied as specified by the Public Employees’ Retirement Law.

The Plan operates under the provisions of the California Public Employees’ Retirement Law (PERL), the California Public Employees’ Pension Reform Act of 2013 (PEPRA), and the regulations, procedures and policies adopted by the CalPERS Board of Administration.

The Plan’s authority to establish and amend the benefit terms are set by the PERL and PEPRA and may be amended by the California state legislature and in some cases require approval by the CalPERS Board.

City of Carpinteria
Notes to the Basic Financial Statements
June 30, 2024
-42-
NOTE 4 - OTHER INFORMATION (continued)
D) Public Employee Pension Plans, (continued)
The Plan’s provisions and benefits in effect at June 30, 2024 are summarized as follows:

Hire date
Prior to
January 1, 2013
On or after
January 1, 2013
Benefit formula 2% @ 55 2.0% @ 62
Benefit vesting schedule 5 years service 5 years service Benefit payments monthly for life monthly for life
Retirement age 50-55 52-67
Monthly benefits, as a % of eligible compensation 2.0% to 2.7% 1.0% to 2.5% Required employer contribution rates 13.00% 7.91%
Safety
Hire date
Prior to
January 1, 2013
Benefit formula 3.0% @ 55
Benefit vesting schedule 5 years service
Benefit payments monthly for life
Retirement age 50
Monthly benefits, as a % of eligible compensation 3.0%
Required employer contribution rates 0.00%
Miscellaneous
Contributions: Section 20814(c) of the California Public Employees’ Retirement Law (PERL) requires that the employer contribution rates for all public employers are 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 liability. The employer is required to contribute the difference between the actuarially determined rate and the contribution rate of employees. Employer contribution rates may change if plan contracts are amended. Payments made by the employer to satisfy contribution requirements that are identified by the pension plan terms as plan member contribution requirements are classified as plan member contributions. Employer Contributions to the Plan for the fiscal year ended June 30, 2024 were $1,232,748. The actual employer payments of $995,935 made to CalPERS by the City during the measurement period ended June 30, 2023 differed from the City’s proportionate share of the employer’s contributions of $955,176 by $40,759, which is being amortized over the expected average remaining service lifetime in the Public Agency Cost-Sharing Multiple Employer Plan.

City of Carpinteria
Notes to the Basic Financial Statements
June 30, 2024
-43-
NOTE 4 - OTHER INFORMATION (continued)
D) Public Employee Pension Plans, (continued)
Net Pension Liability: The City’s net pension liability for the Plan is measured as the total pension liability, less the pension plan’s fiduciary net position. The net pension liability of the Plan is measured as of June 30, 2023, 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 as follows.

Actuarial Methods and Assumptions Used to Determine Total Pension Liability: The collective total pension liability for the June 30, 2023 measurement period was determined by an actuarial valuation as of June 30, 2022, with update procedures used to roll forward the total pension liability to June 30, 2023. The collective total pension liability was based on the following assumptions:

Valuation Date June 30, 2022
Measurement Date June 30, 2023
Actuarial Cost Method Entry Age Actuarial Cost Method
Asset Valuation Method Fair Value of Assets
Actuarial Assumptions:

Discount Rate 6.90%
Inflation 2.30%
Salary Increases Varies by Entry Age and Service
Mortality Rate Table(1) Derived using CalPERS' membership data for all funds Post Retirement Benefit Increase The lesser of contract COLA or 2.30% until Purchasing Power Protection Allowance floor on purchasing power
applies, 2.30% thereafter
(1) The mortality table used was developed based on CalPERS-specific data. The probabilities of mortality are based on the 2021 CalPERS Experience Study and Review of Actuarial Assumptions. Mortality rates incorporate full 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 2021 experience study report from November 2021 that can be found on the CalPERS website.

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

In determining the long-term expected rate of return, CalPERS took into account both short-term and long-term market return expectations. Using historical returns of all of the funds’ asset classes, expected compound (geometric) returns were calculated over the next 20 years using a building-block approach. The expected rate of return was then adjusted to account for assumed administrative expenses of 10 Basis points.

City of Carpinteria
Notes to the Basic Financial Statements
June 30, 2024
-44-
NOTE 4 - OTHER INFORMATION (continued)
D) Public Employee Pension Plans, (continued)
The expected real rates of return by asset class are as follows:

Assumed Asset
Asset Class Allocation Real Return 1,2
Global equity - cap-weighted 30.00% 4.54%
Global equity - non-cap-weighted 12.00% 3.84%
Private equity 13.00% 7.28%
Treasury 5.00% 0.27%
Mortgage-backed securities 5.00% 0.50%
Investment grade corporates 10.00% 1.56%
High yield 5.00% 2.27%
Emerging market debt 5.00% 2.48%
Private debt 5.00% 3.57%
Real assets 15.00% 3.21%
Leverage -5.00% -0.59%
Total 100.00%
1 An expected inflation of 2.30% used for this period.
2 Figures are based on the 2021 Asset Liability Management study.

Change of Assumptions: There were no assumption changes in 2023. Effective with the June 30, 2021 valuation date (June 30, 2022 measurement date), the accounting discount rate was reduced from 7.15% to 6.90%. In determining the long-term expected rate of return, CalPERS took into account long-term market return expectations as well as the expected pension fund cash flows. In addition, demographic assumptions and the price inflation assumption were changed in accordance with the 2021 CalPERS Experience Study and Review of Actuarial Assumptions. The accounting discount rate was 7.15% for measurement dates June 30, 2017 through June 30, 2021, 7.65% for measurement dates June 30, 2015 through June 30, 2016, and 7.50% for measurement date June 30, 2014.

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

City of Carpinteria
Notes to the Basic Financial Statements
June 30, 2024
-45-
NOTE 4 - OTHER INFORMATION (continued)
D) Public Employee Pension Plans, (continued)
Subsequent Events: There were no subsequent events that would materially affect the results presented in this disclosure
Pension Plan Fiduciary Net Position: Information about the pension plan’s assets, deferred outflows of resources, liabilities, deferred inflows of resources, and fiduciary net position are presented in CalPERS’ audited financial statements, which are publicly available reports that can be obtained at CalPERS’ website, at www.calpers.ca.gov. The plan’s fiduciary net position and additions to/deductions from the plan’s fiduciary net position have been determined on the same basis used by the pension plan, which is the economic resources measurement focus and the accrual basis of accounting. Benefits and refunds are recognized when due and payable in accordance with the terms of the plan.

Investments are reported at fair value.

Proportionate Share of Net Pension Liability: The following table shows the City’s proportionate share of the Plan’s net pension liability over the measurement period.

Increase (Decrease)
Proportionate Share of
Total Pension Liability
Proportionate Share of
Fiduciary Net Position
Proportionate Share of
Net Pension Liability
Balance at: 6/30/2022 (VD) 32,569,312 $ 22,480,119 $ 10,089,193 $ Balance at: 6/30/2023 (MD) 33,895,720 23,210,067 10,685,653 Net changes during 2022-23 1,326,408 $ 729,948 $ 596,460 $ VD: valuation date, MD: measurement date
The City’s proportion of the net pension liability was determined by CalPERS using the output from the Actuarial Valuation System and the fiduciary net position, as provided in the CalPERS Public Agency Cost-Sharing Allocation Methodology Report, which is a publicly available report that can be obtained at CalPERS’ website, at www.calpers.ca.gov. The City’s proportionate share of the net pension liability for the total Plan as of the June 30, 2022 and 2023 measurement dates was as follows:

Proportionate share - June 30, 2022 0.08735%
Proportionate share - June 30, 2023 0.08565%
Change - Increase (Decrease) -0.00170%
City of Carpinteria
Notes to the Basic Financial Statements
June 30, 2024
-46-
NOTE 4 - OTHER INFORMATION (continued)
D) Public Employee Pension Plans, (continued)
Sensitivity of the Proportionate Share of the Net Pension Liability to Changes in the Discount Rate: The following presents the City’s proportionate share of the net pension liability of the Plan as of the measurement date, calculated using the discount rate of 6.9 percent, as well as what the net pension liability would be if it were calculated using a discount rate that is 1 percentage-point lower (5.9 percent) or 1 percentage-point higher (7.9 percent) than the current rate:

Current
1% Decrease Discount Rate 1% Increase

5.90% 6.90% 7.90%
City's proportionate share of net
pension plan liability 15,288,368 $ 10,685,653 $ 6,904,437 $ Amortization of Deferred Outflows and Deferred Inflows of Resources: Under GASB 68, gains and losses related to changes in total pension liability and fiduciary net position are recognized in pension expense systematically over time.

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

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

Net difference between
projected and actual earnings
on pension plan investments
5-year straight-line amortization
All other amounts Straight-line amortization over the expected average remaining service lives (EARSL) of all members that
are provided with benefits (active, inactive and
retired) as of the beginning of the measurement
period
City of Carpinteria
Notes to the Basic Financial Statements
June 30, 2024
-47-
NOTE 4 - OTHER INFORMATION (continued)
D) Public Employee Pension Plans, (continued)
The expected average remaining service lifetime (EARSL) is calculated by dividing the total future service years by the total number of plan participants (active, inactive, and retired) in the Public Agency Cost-Sharing Multiple-Employer Plan (PERF C).

The EARSL for PERF C for the measurement period ending June 30, 2023 is 3.8 years, which was obtained by dividing the total service years of 600,538 (the sum of remaining service lifetimes of the active employees) by 160,073 (the total number of participants:
active, inactive, and retired) in PERF C. Inactive employees and retirees have remaining service lifetimes equal to 0. Total future service is based on the members’ probability of decrementing due to an event other than receiving a cash refund.

Pension Expense and Deferred Outflows and Deferred Inflows of Resources Related to Pensions: As of the start of the measurement period (July 1, 2022), the City’s net pension liability was $10,089,193. For the measurement period ending June 30, 2023 (the measurement date), the Local Government incurred a pension expense of $1,434,562.

As of June 30, 2024, the City has deferred outflows and deferred inflows of resources related to pensions as follows:

Deferred Deferred
Outflows Inflows
of Resources of Resources
Change of assumptions 637,296 $ - $
Differences between expected and actual experience 554,621 - Net difference between projected and annual earnings on retirement plan investments 1,632,448 - Changes in proportion and differences between City contributions and proportionate share of contributions 67,030 266,933 Changes in employer's proportion 83,562 171,919 City contributions subsequent to the measurement date 1,232,748 - $ 438,852 4,207,705 $ The amounts above are net of outflows and inflows recognized in the 2022-23 measurement period expense. Contributions subsequent to the measurement date of $1,232,748 reported with deferred outflows of resources will be recognized as a reduction of the net pension liability in the upcoming fiscal year. Other amounts reported as deferred outflows and deferred inflows of resources related to pensions will be recognized in future pension expense as follows:

Fiscal Year Ending
June 30, Amount
2025 709,229 $
2026 521,956 2027 1,258,496 2028 46,424
City of Carpinteria
Notes to the Basic Financial Statements
June 30, 2024
-48-
NOTE 4 - OTHER INFORMATION (continued)
D) Public Employee Pension Plans, (continued)
Payable to the Pension Plan: At June 30, 2024, the City reported a payable of $-0- for the outstanding amount of contributions to the pension plan required for the year then ended.

E) Other Post-Employment Benefits
Plan Description: The City administers the City’s retired employee’s healthcare plan, a single employer defined benefit health care plan. The plan provides medical benefits to eligible retired employees and their beneficiaries. The City’s plan is affiliated with the State of California PERS in so much as the City’s Health insurance premium payments are paid to the PERS. The PERS through an aggregation of single employer plans pools administrative functions in regard to purchases of commercial health insurance policies and coverage. City resolutions and regulations assign the authority to establish and amend benefit provisions to the City. No assets are accumulated in a trust that meets the criteria in paragraph 4 of GASB Statement Number 75.

The City participates in this State Health Insurance Pool (City resolutions 1839, 1840, 1841, May 22, 1989) administered by the California Public Employees Retirement System (CalPERS). Member agencies participating in the State Pool are subject to regulations of the Public Employees Medical and Hospital Care Act (PEMHCA) which requires that member agencies provide lifetime health benefits for retirees. California Government Code.

Section 22892 of the PEMHCA establishes the contracting agencies minimum health premium contribution for their participating active membership and requires that the employer contribution be an equal amount for retirees. The minimum employer contribution is currently $151 monthly. Further, the City extends additional health insurance benefits to retirees (Resolutions numbers 1496 and 3063) that were employed on June 30, 1988 and who retire from the City after 20 years of qualified service. This benefit provides retirees with single-coverage HMO insurance through the City’s insurance program at City expense.

Benefits Provided: The City’s OPEB plan provides healthcare benefits to eligible retirees and their dependents. Benefits are provided through third party insurers, and the full cost of the benefits is provided by the Plan.

City of Carpinteria
Notes to the Basic Financial Statements
June 30, 2024
-49-
NOTE 4 - OTHER INFORMATION (continued)
E) Other Post-Employment Benefits (continued)
Employees Covered by the Benefit Terms: At June 30, 2022, the following employees were covered by the benefit terms:

Active plan members 41
Inactive plan members or beneficiaries currently receiving benefits 11 Inactive plan members entitled to but not yet receiving benefits 11 Total 63
The City’s OPEB Plan is closed to new entrants.

Contributions: City regulations grant authority to the City Council to establish and amend contribution requirements. Employees are not required to contribute to the plan. For the fiscal year ending June 30, 2024, the City’s average contribution rate was 2.5 percent of covered employee payroll. The amount contributed for fiscal year 2024 was $52,949.

Total OPEB Liability: The City’s total OPEB liability was measured as of June 30, 2023 and the total OPEB liability used to calculate the OPEB liability was determined by an actuarial valuation as of June 30, 2022, rolled forward to June 30, 2023.

Actuarial Assumptions: The total OPEB liability as of June 30, 2024 was determined using the following actuarial assumptions, applied to all periods included in the measurement unless otherwise specified:

Actuarial Assumptions June 30, 2023 Measurement Date
Valuation date June 30, 2022
Inflation 2.5% annually
Salary increases Aggregate - 2.75% annually
Merit - CalPERS 2000-2019 Experience Study
Discount rate 3.65% at June 30, 2023
(Bond Buyer 20-Bond Index)

3.54% at June 30,2022
(Bond Buyer 20-Bond Index)
Healthcare cost trend rate Non-Medicare - 8.50% for 2024, decreasing to an ultimate rate of 3.45% in 2076
Medicare (Kaiser) - 6.25% for 2024, decreasing
to an ultimate rate of 3.45% in 2076
Medicare (Non-Kaiser) - 7.50% for 2024,
decreasing to an ultimate rate of 3.45% in 2076
Mortality improvements Mortality projected fully generational with Scale MP-2021
Mortality rates were based on the MP-2021 Health Annuitant Mortality Table for Males and Females, as appropriate, with adjustments for mortality improvements based on Scale AA. The actuarial assumptions used in the June 30, 2022 valuation were based on the results of CalPERS experience study for the period 1997-2015.

City of Carpinteria
Notes to the Basic Financial Statements
June 30, 2024
-50-
NOTE 4 - OTHER INFORMATION (continued)
E) Other Post-Employment Benefits (continued)
Change of Assumptions: The discount increased from 3.54% to 3.65% in 2024 based on municipal bond rate as of the measurement date. PEMHCA minimum did not change and remained at 3.5% annually. New medical trends were adopted along with active spouse participation changing from 100% to 50% participation. Demographic assumptions were updated to CalPERS 2000-2019 Experience Study and mortality improvement scale was updated to Scale MP-2022.

Changes in the Total OPEB Liability
Total OPEB
Liability
Balance at June 30, 2023 1,160,821 $
(Valuation Date June 30, 2022)
Changes recognized for the measurement period:

Service cost 92,465
Interest 43,483
Assumption changes (16,494) Benefit payments (49,902)
Net changes 69,552 Balance at June 30, 2024 1,230,373 $ (Measurement Date June 30, 2023)
Sensitivity of the Total OPEB Liability to changes in the discount rate and health- care cost trend rates: The following presents the Total OPEB liability of the City, as well as what the City’s Total OPEB liability would be if it were calculated using a discount rate that is 1 percentage point lower (2.65 percent) or 1 percentage point higher (4.65 percent) than the current discount rate:

Current
1% Decrease Discount Rate 1% Increase

2.65% 3.65% 4.65%
OPEB liability 1,393,886 $ 1,230,373 $ 1,094,902 $
Sensitivity of the Total OPEB liability to changes in healthcare cost trend rates:

Healthcare
1% Decrease Trend Rate 1% Increase
OPEB liability 1,080,480 $ 1,230,373 $ 1,415,152 $
City of Carpinteria
Notes to the Basic Financial Statements
June 30, 2024
-51-
NOTE 4 - OTHER INFORMATION (continued)
E) Other Post-Employment Benefits (continued)
OPEB Expense and Deferred Outflows of Resources and Deferred Inflows of Resources Related to OPEB: For the fiscal year ended June 30, 2024, the City recognized OPEB (income) of $(113,663). At June 30, 2024, the City reported deferred outflows of resources and deferred inflows of resources related to the total OPEB liability from the following sources:

Deferred Deferred
Outflows Inflows
of Resources of Resources
Differences between expected and actual experience - $ 488,550 $ Changes in assumptions 153,976 352,557 Employer contributions subsequent to the measurement date 52,949 - $ 841,107 206,925 $ The $52,949 reported as deferred outflows of resources related to OPEB from City contributions subsequent to the measurement date will be recognized as a reduction of the total OPEB liability in the plan measurement period ended June 30, 2024. Other amounts reported as deferred outflows of resources and deferred inflows of resources related to OPEB will be recognized in OPEB expense as follows:

Fiscal Year Ending
June 30, Amount
2025 (222,459) $
2026 (133,043) 2027 (99,741) 2028 (98,761)
2029 (100,334) Thereafter (32,793)
Payable to the OPEB Plan: None
City of Carpinteria
Notes to the Basic Financial Statements
June 30, 2024
-52-
NOTE 4 - OTHER INFORMATION (continued)
F) Changes Within the Financial Reporting Entity
Due to the implementation of GASB 100, the City is required to restate its June 30, 2023 governmental funds fund balance, as well as governmental activities net position. The Housing Fund was previously reported as nonmajor, and qualified as major for the year ending June 30, 2024. This qualifies as a change to or within the financial reporting entity, under the guidance of GASB 100.

Changes to the governmental fund balances were as follows:

Housing Fund
Total Nonmajor
Governmental
Funds
Fund balance, beginning of year, as previously stated - $ 1,977,961 $ Adjustment change from non-major to major 535,765 (535,765) Fund balance, beginning of year, as asjusted 535,765 $ 1,442,196 $

REQUIRED SUPPLEMENTARY INFORMATION

City of Carpinteria
Note to Required Supplementary Information
June 30, 2024
-53-
(1) Budgetary Data
On or before June 30 of each year, the City Council adopts a budget for the ensuing fiscal year. The City Manager is responsible for the preparation and administration of the annual budget.

Budgets are reported on the same basis as the fund types and are adopted on a basis consistent with generally accepted accounting principles. The legal level of control or the level at which expenditures may not legally exceed appropriations is at the program level.

The program level includes general government, public safety, public works, community services, public health and capital outlay. Unexpended budgetary appropriations lapse at year-end.

Management may amend budgets within the program level. Budgetary revisions that alter the total appropriations of a program must be approved by City Council.

City of Carpinteria
General Fund
Schedule of Revenues, Expenditures and Changes in Fund Balance Budget and Actual
For the Fiscal Year Ended June 30, 2024
-54-
Variance with
Final Budget
Budgeted Amounts Actual Positive
Original Final Amounts (Negative)

REVENUES
Property taxes 4,945,100 $ 5,087,300 $ 5,191,288 $ 103,988 $ Sales taxes 6,054,000 5,961,200 5,977,182 15,982 Transient occupancy taxes 3,530,000 3,270,000 3,194,248 (75,752) Franchises 695,000 711,500 723,011 11,511 Business license taxes 62,000 65,000 70,586 5,586 Licenses and permits 252,400 271,650 284,202 12,552 Fines and forfeitures 59,500 74,200 76,044 1,844 Intergovernmental 380,000 498,000 420,947 (77,053) Use of money and property 301,700 301,700 653,680 351,980 Charges for services 249,500 380,600 385,284 4,684 Miscellaneous 24,100 132,400 121,190 (11,210) Total revenues 16,553,300 16,753,550 17,097,662 344,112

EXPENDITURES
Current:

General government 6,994,700 6,518,300 5,889,112 629,188 Public safety 6,279,800 6,422,800 6,391,915 30,885 Public works and streets 753,700 814,950 702,587 112,363 Parks and recreation 512,150 465,150 409,758 55,392 Capital outlay 707,500 62,100 50,427 11,673 Total expenditures 15,247,850 14,283,300 13,443,799 839,501 Excess (deficiency) of revenues over (under) expenditures 1,305,450 2,470,250 3,653,863 1,183,613 OTHER FINANCING SOURCES (USES) Transfers out (6,250,450) (4,810,089) (4,173,620) 636,469 Total other financing sources (uses) (6,250,450) (4,810,089) (4,173,620) 636,469 Net change in fund balance (4,945,000) (2,339,839) (519,757) 1,820,082 Fund balance, beginning of fiscal year 16,703,752 16,703,752 16,703,752 - Fund balance, end of fiscal year $ 14,363,913 11,758,752 $ 16,183,995 $ 1,820,082 $ City of Carpinteria
Revolving Fund Special Revenue Fund
Schedule of Revenues, Expenditures and Changes in Fund Balance Budget and Actual
For the Fiscal Year Ended June 30, 2024
-55-
Variance with
Final Budget
Budgeted Amounts Actual Positive
Original Final Amounts (Negative)

REVENUES
Intergovernmental 61,100 $ 74,900 $ 57,863 $ (17,037) $ Miscellaneous 54,000 57,800 31,278 (26,522) Total revenues 115,100 132,700 89,141 (43,559)

EXPENDITURES
Current:

General government 10,000 10,000 12,689 (2,689) Public works and streets 16,600 19,100 26,151 (7,051) Parks and recreation 12,000 77,100 39,419 37,681
Capital outlay 50,000 - 6,000 (6,000)
Total expenditures 88,600 106,200 84,259 21,941
Excess (deficiency) of revenues over
(under) expenditures 26,500 26,500 4,882 (21,618) OTHER FINANCING SOURCES (USES) Transfers in - - 12,689 12,689 Transfers out (26,500) (26,500) (17,571) 8,929 Total other financing sources (uses) (26,500) (26,500) (4,882) 21,618 Net change in fund balance - - - - Fund balance, beginning of fiscal year - - - - Fund balance, end of fiscal year $ - - $ - $ - $ City of Carpinteria
Measure A Special Revenue Fund
Schedule of Revenues, Expenditures and Changes in Fund Balance Budget and Actual
For the Fiscal Year Ended June 30, 2024
-56-
Variance with
Final Budget
Budgeted Amounts Actual Positive
Original Final Amounts (Negative)

REVENUES
Intergovernmental 1,020,000 $ 1,020,000 $ 1,010,245 $ (9,755) $ Use of money and property 16,150 28,000 66,271 38,271 Miscellaneous - 10,200 10,209 9 Total revenues 1,036,150 1,058,200 1,086,725 28,525 EXPENDITURES Current:

Public works and streets 685,300 694,350 562,189 132,161 Total expenditures 685,300 694,350 562,189 132,161 Excess (deficiency) of revenues over
(under) expenditures 350,850 363,850 524,536 160,686 OTHER FINANCING SOURCES (USES) Transfers out (1,188,450) (467,450) (497,754) (30,304) Total other financing sources (uses) (1,188,450) (467,450) (497,754) (30,304) Net change in fund balance (837,600) (103,600) 26,782 130,382 Fund balance, beginning of fiscal year 1,488,375 1,488,375 1,488,375 - Fund balance, end of fiscal year $ 1,384,775 650,775 $ 1,515,157 $ 130,382 $ City of Carpinteria
Housing Special Revenue Fund
Schedule of Revenues, Expenditures and Changes in Fund Balance Budget and Actual
For the Fiscal Year Ended June 30, 2024
-57-
Variance with
Final Budget
Budgeted Amounts Actual Positive
Original Final Amounts (Negative)

REVENUES
Use of money and property 14,500 $ 45,000 $ 58,545 $ 13,545 $ Miscellaneous - 59,400 59,400 - Total revenues 14,500 104,400 117,945 13,545 EXPENDITURES Current:

General government 23,000 208,875 186,321 22,554 Total expenditures 23,000 208,875 186,321 22,554 Net change in fund balance (8,500) (104,475) (68,376) 36,099 Fund balance, beginning of fiscal year 535,765 535,765 535,765 - Fund balance, end of fiscal year $ 431,290 527,265 $ 467,389 $ 36,099 $ City of Carpinteria
Tidelands Trust Special Revenue Fund
Schedule of Revenues, Expenditures and Changes in Fund Balance Budget and Actual
For the Fiscal Year Ended June 30, 2024
-58-
Variance with
Final Budget
Budgeted Amounts Actual Positive
Original Final Amounts (Negative)

REVENUES
Use of money and property 6,800 $ 10,000 $ 38,672 $ 28,672 $ Charges for services 347,700 354,000 309,803 (44,197) Miscellaneous - - 170 170 Total revenues 354,500 364,000 348,645 (15,355) EXPENDITURES Current:

Parks and recreation 378,900 284,350 256,595 27,755 Total expenditures 378,900 284,350 256,595 27,755 Excess (deficiency) of revenues over
(under) expenditures (24,400) 79,650 92,050 12,400 OTHER FINANCING SOURCES (USES) Transfers out (114,350) (100,000) (4,573) 95,427 Total other financing sources (uses) (114,350) (100,000) (4,573) 95,427 Net change in fund balance (138,750) (20,350) 87,477 107,827 Fund balance, beginning of fiscal year 524,689 524,689 524,689 - Fund balance, end of fiscal year $ 504,339 385,939 $ 612,166 $ 107,827 $ City of Carpinteria
Schedule of Proportionate Share of Net Pension Liability and Related Ratios Last 10 Years
As of June 30, 2024
-59-
Measurement Date
Proportion of net
pension liability
Proportionate share of
the net pension liability Covered payroll
Proportionate share of
the net pension liability
as percentage of
covered payroll
Plan fiduciary net
position as a
percentage of the total
pension liability
June 30, 2014 0.07490% 4,660,841 $ 2,306,493 $ 202.07% 79.82% June 30, 2015 0.07480% 5,134,179 2,435,091 210.84% 78.40% June 30, 2016 0.07647% 6,617,331 2,472,058 267.69% 74.06% June 30, 2017 0.07659% 7,595,683 2,669,641 284.52% 73.31% June 30, 2018 0.07794% 7,510,128 2,495,201 300.98% 75.26% June 30, 2019 0.07906% 8,100,834 2,586,349 313.22% 75.26% June 30, 2020 0.08041% 8,749,282 2,703,377 323.64% 75.10% June 30, 2021 0.10384% 5,615,991 2,800,679 200.52% 88.29% June 30, 2022 0.08735% 10,089,193 3,009,791 335.21% 69.02% June 30, 2023 0.08565% 10,685,653 3,174,874 336.57% 69.02% 1 Proportion of the net pension liability represents the plan's proportion of PERF C, which includes both the Miscellaneous and Safety Risk Pools excluding the 1959 Survivors Risk Pool.

City of Carpinteria
Schedule of Pension Contributions
Last 10 Years
As of June 30, 2024
-60-
The following table provides required supplementary information regarding the City's Pension Plan.

Fiscal year
Contractually required
contribution (actuarially
determined)
Contribution in relation to
the actuarially determined
contributions
Contribution deficiency
(excess) Covered payroll
Contributions as a
percentage of covered
payroll
June 30, 2015 328,288 $ (328,288) $ - $ 2,435,091 $ 13.48% June 30, 2016 685,896 (685,896) - 2,472,058 27.75%
June 30, 2017 447,362 (447,362) - 2,669,641 16.76%
June 30, 2018 510,893 (510,893) - 2,495,201 20.48%
June 30, 2019 554,356 (554,356) - 2,586,349 21.43%
June 30, 2020 695,301 (695,301) - 2,703,377 25.72%
June 30, 2021 783,279 (783,279) - 2,800,679 27.97%
June 30, 2022 892,662 (892,662) - 3,009,791 29.66%
June 30, 2023 995,935 (995,935) - 31.37% 3,174,874
June 30, 2024 1,232,748 (1,232,748) - 34.96% 3,526,604
Notes to Schedule
Changes in Benefit Terms: There were no changes to benefit terms that applied to all members of the Public Agency Pool. Additionally, the figures above do not include any liability impact that may have resulted from Golden Handshakes that occurred after the June 30, 2021 valuation date, unless the liability impact is deemed to be material to the Public Agency Pool.

Changes in Assumptions: Effective with the June 30, 2021 valuation date (2022 measurement date), the accounting discount rate was reduced from

7.15% to 6.90%. In determining the long-term expected rate of return, CalPERS took into account long-term market return expectations as well as the expected pension fund cash flows. Projected returns for all asset classes are estimated, combined with risk estimates, and are used to project compound (geometric) returns over the long term. The discount rate used to discount liabilities was informed by the long-term projected portfolio return. In addition, demographic assumptions and the inflation rate assumption were changed in accordance with the 2021 CalPERS Experience Study and Review of Actuarial Assumptions. There were no assumption changes for 2021. For 2020, the Plan adopted a new amortization policy effective with the 2019 actuarial valuation. The new amortization policy shortens the period over which actuarial gains and losses are amortized from 30 years to 20 years with the payments computed as a level dollar amount. In addition, the new policy does not utilize a five-year ramp-up and ramp-down on UAL bases attributable to assumption changes and non-investment gains/losses. The new policy also does not utilize a five-year ramp-down on investment gains/losses. These changes apply only to new UAL bases established on or after June 30, 2019. There were no changes in assumptions in 2019. In 2018, demographic assumptions and inflation rate were changed in accordance to the CalPERS Experience Study and Review of Actuarial Assumptions December 2017.

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

City of Carpinteria
Schedule of Changes in OPEB Liability and Related Ratios Last 10 Years*
As of June 30, 2024
-61-
Measurement Period 2024 2023 2022 2021 2020 2019
Total OPEB Liability
Service cost 92,465 $ 109,790 $ 105,667 $ 74,852 $ 66,976 $ 193,627 $ Interest on the total OPEB liability 43,483 40,400 39,206 58,908 59,388 87,075 Difference between expected and actual experience - (370,463) - - - (498,532) Changes in assumptions (16,494) (347,214) 12,427 (7,514) 79,004 (483,898) Changes in benefit terms - - - - - - Benefit payments (49,902) (64,554) (65,667) (66,500) (62,984) (75,620) Net change in total OPEB liability (632,041) 69,552 91,633 59,746 142,384 (777,348) Total OPEB liability, beginning 1,792,862 1,160,821 1,701,229 1,641,483 1,499,099 2,276,447 Total OPEB liability, ending (a) $ 1,160,821 1,230,373 $ 1,792,862 $ 1,701,229 $ 1,641,483 $ 1,499,099 $ Covered employee payroll $ 2,937,987 3,176,848 $ 2,708,835 $ 2,660,837 $ 2,638,133 $ 2,733,208 $ Total OPEB liability as a percentage
of covered payroll 38.73% 39.51% 66.19% 63.94% 62.22% 54.85% Measurement Period 2018
Total OPEB Liability
Service cost 217,554 $
Interest on the total OPEB liability 71,293 Difference between expected and actual experience - Changes in assumptions (262,330) Changes in benefit terms - Benefit payments (68,028) Net change in total OPEB liability (41,511) Total OPEB liability, beginning 2,317,958
Total OPEB liability, ending (a) $ 2,276,447
Covered employee payroll $ 2,763,313
Total OPEB liability as a percentage
of covered payroll 82.38%
* Fiscal year 2018 was the 1st year of implementation, therefore only six years are shown.

Contributions are fixed and not based on a measure of pay, therefore, covered employee payroll is used.

There are no assets accumulated in a trust to pay related benefits that quality for GASB 75.

SUPPLEMENTARY INFORMATION

City of Carpinteria
Capital Improvements Fund
Schedule of Revenues, Expenditures and Changes in Fund Balance Budget and Actual
For the Fiscal Year Ended June 30, 2024
-62-
Variance with
Final Budget
Budgeted Amounts Actual Positive
Original Final Amounts (Negative)

REVENUES
Intergovernmental 1,650,000 $ 857,150 $ 308,428 $ (548,722) $ Use of money and property 35,300 30,000 107,956 77,956 Charges for services 44,700 41,500 41,935 435 Total revenues 1,730,000 928,650 458,319 (470,331) EXPENDITURES Current:

Capital outlay 8,028,950 3,765,600 3,593,466 172,134 Total expenditures 8,028,950 3,765,600 3,593,466 172,134 Excess (deficiency) of revenues over
(under) expenditures (6,298,950) (2,836,950) (3,135,147) (298,197) OTHER FINANCING SOURCES (USES) Transfers in 6,215,200 3,999,450 3,503,884 (495,566) Total other financing sources (uses) 6,215,200 3,999,450 3,503,884 (495,566) Net change in fund balance (83,750) 1,162,500 368,737 (793,763) Fund balance, beginning of fiscal year 1,930,974 1,930,974 1,930,974 - Fund balance, end of fiscal year $ 3,093,474 1,847,224 $ 2,299,711 $ (793,763) $ -63-
Non-major Governmental Funds
The City has established the following governmental funds in order to account for the proceeds from revenue sources that are restricted to expenditures for specified purposes, debt service, and capital projects. Budgets are prepared using the modified accrual basis of accounting consistent with U.S. generally accepted accounting principles.

Special Revenue Funds:

Traffic Safety Fund - The Traffic Safety Fund is used to account for the receipt of fines assessed to violators of the California Vehicle Code within the City limits. Monies from this fund must be used for traffic safety purposes such as traffic signs and markings and related traffic safety enforcement activities.

Road Maintenance Rehab Fund - The Road Maintenance Fund is used to account for road maintenance and rehabilitation, safety projects, railroad grade separations, traffic control devices, and complete street components, including active transportation purposes, pedestrian and bicycle safety projects, transit facilities, and drainage and storm water capture projects in conjunction with any other allowable project. Funds made available by the program may also be used to satisfy a match requirement in order to obtain State or Federal funds for projects authorized by this subdivision.

Park Maintenance Fund - The Park Maintenance Fund is used to account for the receipt of special tax to be levied. The revenue from this fund are collected based upon authority of a public vote held on June 3, 1997 whereby over two-thirds of the voters approved. Expenditures from this fund are for parks maintenance needs including equipment replacement, water, grounds keeping and other enhancements.

Gas Tax Fund - The Gas Tax Fund is used to account for State Gas Tax Funds received as the City’s share of the state–wide tax on gasoline and other motor vehicle fuels. Gas Tax Funds may only be used for construction, reconstruction and maintenance of public streets, drains and other right of way expenses, including labor costs.

Local Transportation Fund - The Local Transpiration Fund is used to account for the City’s share of the State Sales Tax on motor vehicle fuels. Revenues from this source must be used for maintenance of bikeways and are administered by the Santa Barbara County Association of Governments.

Street Lighting Fund - The Street Lighting Fund is used to account for the Street Lighting District #1 that is officially an independent special district governed by the City Council and is included within the City’s overall budget for convenience. District revenues are derived from the district’s share of the advalorem tax pursuant to Proposition 13 in addition to interest earnings and state assistance. Monies from this fund may be expended on street lighting, parking lot lighting and other public lighting operations, maintenance and capital improvements. -64-
Non- Major Governmental Funds
Special Revenue Funds, (continued):

Right-of-Way Assessment District Fund - The R-O-W Assessment District Fund is used to account for the special right-of-way assessment placed on all eligible properties throughout the City. Revenues for this fund are the individual assessments plus interest earned. Expenditures form this fund must be used only for repairs and improvements to curves, gutters, sidewalks and other right-of-way improvements plus operation and maintenance of the City’s street tree program.

Parking and Business Improvement Area Fund - The Parking and Business Improvement Area Fund is used to account funds collected and expended pursuant to the California Parking and Business Improvement Area Law of 1989. Businesses are assessed for business improvement and promotion activities. Certain businesses are assessed an additional amount to assist in payment of annual obligations to finance the construction of these parking lots.

AB 939 Solid Waste Fund - The AB 939 Fund is used to account for fees paid by the solid waste collection franchisee for implementation of the City’s integrated solid waste management program. The authority for the collection of such fees is the Integrated Waste Management Act of 1989 (State Assembly Bill 939). In addition to the general administration of the City’s solid waste program, funds are also used to finance special hazardous waste collection day.

Recreation Services Fund - The Recreation Services Fund is used to account for the Community Pool, The City’s recreational programming, and the revenues and expenses of the Veteran’s Memorial Building. Revenues into this fund include user fees from the various programming as well as a general fund subsidy. Expenses are all associated with facilities and programing incorporated in this fund.

PEG Fee Fund - The Public, Education, Government (PEG) Fund is used to account for fees to be used for cable television programing.

Library Fund - The Library Fund is used to account for the operations of the City of Carpinteria Library.

City of Carpinteria
Non-major Governmental Funds
Combining Balance Sheet
June 30, 2024
-65-
Special Revenue Funds
Road
Traffic Maintenance Park Gas Local Street Right of
Safety Rehabilitation Maintenance Tax Transportation Lighting Way ASSETS:

Cash and investments 80,817 $ 5,403 $ 20,420 $ 544,543 $ 3,186 $ 559,118 $ 10,199 $ Accounts receivable 3,905 59,189 900 33,222 3,380 2,636 - Lease receivable - - - - - - - Inventory - - - - - - - Prepaid expenses - - - - - - - Total assets 84,722 $ 64,592 $ 21,320 $ 577,765 $ 6,566 $ 561,754 $ 10,199 $

LIABILITIES, DEFERRED INFLOWS OF
RESOURCES, AND FUND BALANCES:

LIABILITIES:

Accounts payable - $ - $ 21,320 $ 6,610 $ - $ 20,692 $ 10,199 $ Unearned revenue - - - - - - - Total liabilities - - 21,320 6,610 - 20,692 10,199 DEFERRED INFLOWS OF RESOURCES:

Lease related - - - - - - - Total deferred inflows of resources - - - - - - - FUND BALANCES:

Nonspendable - - - - - - - Restricted for recycling - - - - - - - Restricted for cable television access - - - - - - - Restricted for streets 84,722 64,592 - 571,155 6,566 541,062 - Restricted for library services - - - - - - - Unassigned - - - - - - - Total fund balances 84,722 64,592 - 571,155 6,566 541,062 - Total liabilities, deferred inflows of resources, and fund balances 84,722 $ 64,592 $ 21,320 $ 577,765 $ 6,566 $ 561,754 $ 10,199 $ City of Carpinteria
Non-major Governmental Funds
Combining Balance Sheet (concluded)
June 30, 2024
-66-
Special Revenue Funds
Parking and
Business AB 939 Recreation
Improvement Solid Waste Services PEG Fee Library Totals ASSETS:

Cash and investments 39,216 $ - $ 5,703 $ 23,840 $ 100 $ 1,292,545 $ Accounts receivable 185 73,470 551 8,545 65,582 251,565 Lease receivable - - - - 183,973 183,973 Inventory - - 19,636 - - 19,636 Prepaid expenses - 16,341 - - - 16,341 Total assets 39,401 $ 89,811 $ 25,890 $ 32,385 $ 249,655 $ 1,764,060 $

LIABILITIES, DEFERRED INFLOWS OF
RESOURCES, AND FUND BALANCES:

LIABILITIES:

Accounts payable 2,431 $ 38,662 $ 25,890 $ 2,575 $ 11,190 $ 139,569 $ Unearned revenue 14,472 - - - - 14,472 Total liabilities 16,903 38,662 25,890 2,575 11,190 154,041 DEFERRED INFLOWS OF RESOURCES:

Lease related - - - - 172,260 172,260 Total deferred inflows of resources - - - - 172,260 172,260 FUND BALANCES:

Nonspendable - 16,341 19,636 - - 35,977 Restricted for recycling - 34,808 - - - 34,808 Restricted for cable television access - - - 29,810 - 29,810 Restricted for streets 22,498 - - - - 1,290,595 Restricted for library services - - - - 66,205 66,205 Unassigned - - (19,636) - - (19,636) Total fund balances 22,498 51,149 - 29,810 66,205 1,437,759 Total liabilities, deferred inflows of resources, and fund balances 39,401 $ 89,811 $ 25,890 $ 32,385 $ 249,655 $ 1,764,060 $ City of Carpinteria
Non-major Governmental Funds
Combining Statement of Revenues, Expenditures and
Changes in Fund Balance
For the Fiscal Year Ended June 30, 2024
-67-
Special Revenue Funds Road
Traffic Maintenance Park Gas Local Street Right of
Safety Rehabilitation Maintenance Tax Transportation Lighting Way REVENUES: Property taxes - $ - $ 160,639 $ - $ - $ 246,168 $ 358 $ Special assessments - - 56,163 - - - 201,162 Fines and forfeitures 49,552 - - - - - - Intergovernmental - 339,479 - 356,251 12,294 - - Use of money and property 3,098 2,658 - 22,712 173 22,288 - Charges for services - - 16,696 - - - - Miscellaneous 3,107 - 9,742 - - - 14,509 Total revenues 55,757 342,137 243,240 378,963 12,467 268,456 216,029 EXPENDITURES: Current: General government - - - - - - - Public works and streets - - - 293,246 13,358 194,843 368,843 Parks and recreation 15,711 - 590,494 - - - - Capital outlay - - - - - - - Total expenditures 15,711 - 590,494 293,246 13,358 194,843 368,843 Excess (deficiency) of revenues over (under) expenditures 40,046 342,137 (347,254) 85,717 (891) 73,613 (152,814) OTHER FINANCING SOURCES (USES) Transfers in - - 347,254 - - - 152,814 Transfers out - (574,622) - - - - - Total other financing sources (uses) - (574,622) 347,254 - - - 152,814 Net change in fund balances 40,046 (232,485) - 85,717 (891) 73,613 - Fund balance, previously reported 44,676 297,077 - 485,438 7,457 467,449 - Adjustment - change from non-major to major - - - - - - - Fund balance, beginning of fiscal year, as adjusted 44,676 297,077 - 485,438 7,457 467,449 - Fund balance, end of fiscal year $ 64,592 84,722 $ - $ 571,155 $ 6,566 $ 541,062 $ - $ City of Carpinteria
Non-major Governmental Funds
Combining Statement of Revenues, Expenditures and
Changes in Fund Balance (concluded)
For the Fiscal Year Ended June 30, 2024
-68-
Special Revenue Funds
Parking and Housing
Business AB 939 Recreation (Formerly
Improvement Solid Waste Services Non-Major) PEG Fee Library Totals REVENUES Property taxes - $ - $ - $ - $ - $ 407,165 $
Special assessments 12,772 - - - - 270,097 Fines and forfeitures 1,396 - - - - 50,948 Intergovernmental - - 6,651 - - 714,675 Use of money and property 1,485 (78) - 1,505 - 53,841 Charges for services - 279,450 503,123 34,365 149,904 983,538 Miscellaneous - 9,932 35 3,701 66,546 107,572 Total revenues 15,653 289,304 509,809 39,571 216,450 2,587,836 EXPENDITURES Current: General government 11,770 - - 82,286 17,427 111,483 Public works - streets and recycling - 481,314 - - - 1,351,604 Parks and recreation - - 1,017,610 - 649,947 2,273,762 Capital outlay - - - 32,369 - 32,369 Total expenditures 11,770 481,314 1,017,610 114,655 667,374 3,769,218 Excess (deficiency) of revenues over (under) expenditures 3,883 (192,010) (507,801) (75,084) (450,924) (1,181,382) OTHER FINANCING SOURCES (USES) Transfers in - 194,763 507,386 32,221 517,129 1,751,567 Transfers out - - - - - (574,622) Total other financing sources (uses) - 194,763 507,386 32,221 517,129 1,176,945 Net change in fund balances 3,883 2,753 (415) (42,863) 66,205 (4,437) Fund balance, previously reported 18,615 48,396 415 535,765 $ 72,673 - 1,977,961 Adjustment - change from non-major to major - - - (535,765) - - (535,765) Fund balance, beginning of fiscal year, as adjusted 18,615 48,396 415 - 72,673 - 1,442,196 Fund balance, end of fiscal year $ 51,149 22,498 $ - $ - $ 29,810 $ 66,205 $ 1,437,759 $ City of Carpinteria
Schedule of Revenues, Expenditures and Changes in Fund Balance Non-major Governmental Funds
Traffic Safety Fund – Special Revenue Fund
Budget and Actual
For the Fiscal Year Ended June 30, 2024
-69-
Variance with
Final Budget
Budgeted Amounts Actual Positive
Original Final Amounts (Negative)

REVENUES
Fines and forfeitures 30,000 $ 40,000 $ 49,552 $ 9,552 $ Use of money and property 500 1,000 3,098 2,098 Miscellaneous 2,500 2,500 3,107 607 Total revenues 33,000 43,500 55,757 12,257 EXPENDITURES Current:

Parks and recreation 21,600 21,600 15,711 5,889 Total expenditures 21,600 21,600 15,711 5,889 Net change in fund balance 11,400 21,900 40,046 18,146 Fund balance, beginning of fiscal year 44,676 44,676 44,676 - Fund balance, end of fiscal year $ 66,576 56,076 $ 84,722 $ 18,146 $ City of Carpinteria
Schedule of Revenues, Expenditures and Changes in Fund Balance Non-major Governmental Funds
Road Maintenance Rehabilitation Fund – Special Revenue Fund Budget and Actual
For the Fiscal Year Ended June 30, 2024
-70-
Variance with
Final Budget
Budgeted Amounts Actual Positive
Original Final Amounts (Negative)

REVENUES
Intergovernmental 325,200 $ 315,000 $ 339,479 $ 24,479 $ Use of money and property 5,500 2,400 2,658 258 Total revenues 330,700 317,400 342,137 24,737 EXPENDITURES Total expenditures - - - - Excess (deficiency) of revenues over (under) expenditures 330,700 317,400 342,137 24,737 OTHER FINANCING SOURCES (USES) Transfers out (617,600) (614,400) (574,622) 39,778 Total other financing sources (uses) (617,600) (614,400) (574,622) 39,778 Net change in fund balance (286,900) (297,000) (232,485) 64,515 Fund balance, beginning of fiscal year 297,077 297,077 297,077 - Fund balance, end of fiscal year $ 77 10,177 $ 64,592 $ 64,515 $ City of Carpinteria
Schedule of Revenues, Expenditures and Changes in Fund Balance Non-major Governmental Funds
Park Maintenance Fund – Special Revenue Fund
Budget and Actual
For the Fiscal Year Ended June 30, 2024
-71-
Variance with
Final Budget
Budgeted Amounts Actual Positive
Original Final Amounts (Negative)

REVENUES
Property taxes 148,000 $ 159,100 $ 160,639 $ 1,539 $
Special assessments 49,900 56,400 56,163 (237) Charges for services 15,000 15,000 16,696 1,696 Miscellaneous 4,000 8,200 9,742 1,542 Total revenues 216,900 238,700 243,240 4,540

EXPENDITURES
Current:

Parks and recreation 588,350 636,800 590,494 46,306 Total expenditures 588,350 636,800 590,494 46,306 Excess (deficiency) of revenues over
(under) expenditures (371,450) (398,100) (347,254) 50,846 OTHER FINANCING SOURCES (USES) Transfers in 371,450 398,100 347,254 (50,846) Total other financing sources (uses) 371,450 398,100 347,254 (50,846) Net change in fund balance - - - - Fund balance, beginning of fiscal year - - - - Fund balance, end of fiscal year $ - - $ - $ - $ City of Carpinteria
Schedule of Revenues, Expenditures and Changes in Fund Balance Non-major Governmental Funds
Gas Tax Fund – Special Revenue Fund
Budget and Actual
For the Fiscal Year Ended June 30, 2024
-72-
Variance with
Final Budget
Budgeted Amounts Actual Positive
Original Final Amounts (Negative)

REVENUES
Intergovernmental 372,100 $ 353,600 $ 356,251 $ 2,651 $ Use of money and property 8,600 10,000 22,712 12,712 Total revenues 380,700 363,600 378,963 15,363

EXPENDITURES
Current:

Public works and streets 379,150 373,550 293,246 80,304 Capital outlay 2,000 2,000 - 2,000 Total expenditures 381,150 375,550 293,246 82,304 Net change in fund balance (450) (11,950) 85,717 97,667 Fund balance, beginning of fiscal year 485,438 485,438 485,438 - Fund balance, end of fiscal year $ 473,488 484,988 $ 571,155 $ 97,667 $ City of Carpinteria
Schedule of Revenues, Expenditures and Changes in Fund Balance Non-major Governmental Funds
Local Transportation Fund – Special Revenue Fund
Budget and Actual
For the Fiscal Year Ended June 30, 2024
-73-
Variance with
Final Budget
Budgeted Amounts Actual Positive
Original Final Amounts (Negative)

REVENUES
Intergovernmental 14,000 $ 14,000 $ 12,294 $ (1,706) $
Use of money and property - 150 173 23 Total revenues 14,000 14,150 12,467 (1,683) EXPENDITURES Current:

Public works and streets 15,850 16,200 13,358 2,842 Total expenditures 15,850 16,200 13,358 2,842 Net change in fund balance (1,850) (2,050) (891) 1,159
Fund balance, beginning of fiscal year 7,457 7,457 7,457 - Fund balance, end of fiscal year $ 5,407 5,607 $ 6,566 $ 1,159 $ City of Carpinteria
Schedule of Revenues, Expenditures and Changes in Fund Balance Non-major Governmental Funds
Street Lighting District Fund – Special Revenue Fund
Budget and Actual
For the Fiscal Year Ended June 30, 2024
-74-
Variance with
Final Budget
Budgeted Amounts Actual Positive
Original Final Amounts (Negative)

REVENUES
Property taxes 228,450 $ 235,250 $ 246,168 $ 10,918 $
Use of money and property 8,400 10,000 22,288 12,288 Total revenues 236,850 245,250 268,456 23,206

EXPENDITURES
Current:

Public works and streets 206,150 207,250 194,843 12,407 Total expenditures 206,150 207,250 194,843 12,407 Net change in fund balance 30,700 38,000 73,613 35,613
Fund balance, beginning of fiscal year 467,449 467,449 467,449 - Fund balance, end of fiscal year $ 505,449 498,149 $ 541,062 $ 35,613 $ City of Carpinteria
Schedule of Revenues, Expenditures and Changes in Fund Balance Non-major Governmental Funds
Right-of-Way Fund – Special Revenue Fund
Budget and Actual
For the Fiscal Year Ended June 30, 2024
-75-
Variance with
Final Budget
Budgeted Amounts Actual Positive
Original Final Amounts (Negative)

REVENUES
Property taxes 50 $ 150 $ 358 $ 208 $
Special assessments 196,900 198,400 201,162 - Miscellaneous - 14,500 14,509 9 Total revenues 196,950 213,050 216,029 217 EXPENDITURES Current:

Public works and streets 380,000 420,700 368,843 51,857 Total expenditures 380,000 420,700 368,843 51,857 Excess (deficiency) of revenues over
(under) expenditures (183,050) (207,650) (152,814) 54,836 OTHER FINANCING SOURCES (USES) Transfers in 183,050 207,650 152,814 (54,836) Total other financing sources (uses) 183,050 207,650 152,814 (54,836) Net change in fund balance - - - - Fund balance, beginning of fiscal year - - - - Fund balance, end of fiscal year $ - - $ - $ - $ City of Carpinteria
Schedule of Revenues, Expenditures and Changes in Fund Balance Non-major Governmental Funds
Parking and Business Improvement Fund – Special Revenue Fund Budget and Actual
For the Fiscal Year Ended June 30, 2024
-76-
Variance with
Final Budget
Budgeted Amounts Actual Positive
Original Final Amounts (Negative)

REVENUES
Special assessments 15,000 $ 15,000 $ 12,772 $ (2,228) $ Fines and forfeitures - 2,000 1,396 (604) Use of money and property 200 600 1,485 885 Total revenues 15,200 17,600 15,653 (1,947) EXPENDITURES Current:

General government 15,300 15,300 11,770 3,530 Total expenditures 15,300 15,300 11,770 3,530 Net change in fund balance (100) 2,300 3,883 1,583
Fund balance, beginning of fiscal year 18,615 18,615 18,615 - Fund balance, end of fiscal year $ 20,915 18,515 $ 22,498 $ 1,583 $ City of Carpinteria
Schedule of Revenues, Expenditures and Changes in Fund Balance Non-major Governmental Funds
AB 939 Solid Waste Fund – Special Revenue Fund
Budget and Actual
For the Fiscal Year Ended June 30, 2024
-77-
Variance with
Final Budget
Budgeted Amounts Actual Positive
Original Final Amounts (Negative)

REVENUES
Use of money and property 1,300 $ - $ (78) $ (78) $
Charges for services 245,000 265,000 279,450 14,450 Miscellaneous - 8,000 9,932 1,932 Total revenues 246,300 273,000 289,304 16,304 EXPENDITURES Current:

Public works and streets 486,000 564,200 481,314 82,886 Total expenditures 486,000 564,200 481,314 82,886 Excess (deficiency) of revenues over
(under) expenditures (239,700) (291,200) (192,010) 99,190 OTHER FINANCING SOURCES (USES) Transfers in 174,050 242,804 194,763 (48,041) Total other financing sources (uses) 174,050 242,804 194,763 (48,041) Net change in fund balance (65,650) (48,396) 2,753 51,149 Fund balance, beginning of fiscal year 48,396 48,396 48,396 - Fund balance, end of fiscal year $ - (17,254) $ 51,149 $ 51,149 $ City of Carpinteria
Schedule of Revenues, Expenditures and Changes in Fund Balance Non-major Governmental Funds
Recreation Services Fund – Special Revenue Fund
Budget and Actual
For the Fiscal Year Ended June 30, 2024
-78-
Variance with
Final Budget
Budgeted Amounts Actual Positive
Original Final Amounts (Negative)

REVENUES
Intergovernmental 8,750 $ 8,750 $ 6,651 $ (2,099) $
Charges for services 524,200 528,300 503,123 (25,177) Miscellaneous - - 35 35 Total revenues 532,950 537,050 509,809 (27,241) EXPENDITURES Current:

Parks and recreation 1,184,550 1,115,150 1,017,610 97,540 Total expenditures 1,184,550 1,115,150 1,017,610 97,540 Excess (deficiency) of revenues over
(under) expenditures (651,600) (578,100) (507,801) 70,299 OTHER FINANCING SOURCES (USES) Transfers in 678,100 577,685 507,386 (70,299) Total other financing sources (uses) 678,100 577,685 507,386 (70,299) Net change in fund balance 26,500 (415) (415) - Fund balance, beginning of fiscal year 415 415 415 - Fund balance, end of fiscal year $ - 26,915 $ - $ - $ City of Carpinteria
Schedule of Revenues, Expenditures and Changes in Fund Balance Non-major Governmental Funds
PEG Fee Fund – Special Revenue Fund
Budget and Actual
For the Fiscal Year Ended June 30, 2024
-79-
Variance with
Final Budget
Budgeted Amounts Actual Positive
Original Final Amounts (Negative)

REVENUES
Use of money and property 1,100 $ 1,500 $ 1,505 $ 5 $
Charges for services 38,000 34,000 34,365 365 Miscellaneous 2,400 3,000 3,701 701 Total revenues 41,500 38,500 39,571 1,071 EXPENDITURES
Current:

General government 97,800 97,800 82,286 15,514 Capital outlay 50,000 50,000 32,369 17,631 Total expenditures 147,800 147,800 114,655 33,145
Excess (deficiency) of revenues over
(under) expenditures (106,300) (109,300) (75,084) 34,216 OTHER FINANCING SOURCES (USES) Transfers in 50,000 50,000 32,221 (17,779) Total other financing sources (uses) 50,000 50,000 32,221 (17,779) Net change in fund balance (56,300) (59,300) (42,863) 16,437 Fund balance, beginning of fiscal year 72,673 72,673 72,673 - Fund balance, end of fiscal year $ 13,373 16,373 $ 29,810 $ 16,437 $ City of Carpinteria
Schedule of Revenues, Expenditures and Changes in Fund Balance Non-major Governmental Funds
Library Fund – Special Revenue Fund
Budget and Actual
For the Fiscal Year Ended June 30, 2024
-80-
Variance with
Final Budget
Budgeted Amounts Actual Positive
Original Final Amounts (Negative)

REVENUES
Charges for services 152,000 $ 154,000 $ 149,904 $ (4,096) $ Miscellaneous 65,000 65,000 66,546 1,546 Total revenues 217,000 219,000 216,450 (2,550) EXPENDITURES Current:

General government 32,000 31,100 17,427 13,673 Parks and recreation 710,500 730,650 649,947 80,703 Total expenditures 742,500 761,750 667,374 94,376
Excess (deficiency) of revenues over
(under) expenditures (525,500) (542,750) (450,924) 91,826 OTHER FINANCING SOURCES (USES) Transfers in 525,500 542,750 517,129 (25,621) Total other financing sources (uses) 525,500 542,750 517,129 (25,621) Net change in fund balance - - 66,205 66,205 Fund balance, beginning of fiscal year - - - - Fund balance, end of fiscal year $ - - $ 66,205 $ 66,205 $

STATISTICAL SECTION

City of Carpinteria
Statistical Section
For the Fiscal Year Ending June30, 2024
-81-
This part of the City of Carpinteria’s annual comprehensive financial report presents detailed information as a context for understanding what the information in the financial statements, note disclosures, and required supplementary information reveals about the City’s overall financial health.

CONTENTS Page
Financial Trends 82
These schedules contain trend information to help the
reader understand how the City’s financial performance
and well-being have changed over time.

Revenue Capacity 89
These schedules contain information to help the reader
assess the factors affecting the City's ability to generate its property and sales taxes.

Debt Capacity 94
These schedules present information to help assess the
affordability of the City’s current levels of outstanding debt and the City’s ability to issue additional debt in the future.

Demographic and Economic Information 99
These schedules offer demographic and economic
indicators to help understand the environment within
which the City’s financial activities take place.

Operating Information
These schedules contain information about the City's
operations and resources to help the reader understand
how the City's financial information relates to the services the City provides and the activities it performs.
101

City of Carpinteria
Schedule of Net Position By Component
Last Ten Fiscal Years
(accrual basis of accounting)
-82-
2020 2021 2022 2023 2024
Governmental activities
Net investment in capital assets 28,594,754 $ 32,095,926 $ 34,749,467 $ 39,085,569 $ 40,513,332 $ Restricted 6,421,673 7,425,708 6,806,924 7,102,592 7,540,594 Unrestricted 1,553,460 1,496,155 5,167,758 7,156,179 6,598,089 Total governmental activities net position 36,569,887 $ 41,017,789 $ 46,724,149 $ 53,344,340 $ 54,652,015 $ Primary government (City wide totals)
Net investment in capital assets 28,594,754 $ 32,095,926 $ 34,749,467 $ 39,085,569 $ 40,513,332 $ Restricted 6,421,673 7,425,708 6,806,924 7,102,592 7,540,594 Unrestricted 1,553,460 1,496,155 5,167,758 7,156,179 6,598,089 Total primary government net position 36,569,887 $ 41,017,789 $ 46,724,149 $ 53,344,340 $ 54,652,015 $ 2015 2016 2017 2018 2019
Governmental activities
Net investment in capital assets 18,752,543 $ 19,256,641 $ 19,923,896 $ 21,201,117 $ 22,878,404 $ Restricted 6,635,977 5,949,721 7,159,751 6,673,049 5,949,116 Unrestricted 826,607 1,373,207 (260,945) (623,857) 657,539 Total governmental activities net position 26,215,127 $ 26,579,569 $ 26,822,702 $ 27,250,309 $ 29,485,059 $ Primary government (City wide totals)
Net investment in capital assets 18,752,543 $ 19,256,641 $ 19,923,896 $ 21,201,117 $ 22,878,404 $ Restricted 6,635,977 5,949,721 7,159,751 6,673,049 5,949,116 Unrestricted 826,607 1,373,207 (260,945) (623,857) 657,539 Total primary government net position 26,215,127 $ 26,579,569 $ 26,822,702 $ 27,250,309 $ 29,485,059 $ Source: City of Carpinteria financial data
City of Carpinteria
Schedule of Changes Net Position
Last Ten Fiscal Years
(accrual basis of accounting)
-83-
2015 2016 2017 2018 2019
Expenses
Governmental activities:

General government 3,392,625 $ 3,945,980 $ 4,089,430 $ 4,992,268 $ 6,402,259 $ Public safety 3,805,193 3,623,748 3,847,015 4,015,026 3,839,003 Public works 2,516,574 3,173,896 3,316,121 3,798,587 2,527,811 Parks and recreation 1,556,728 1,618,317 1,713,791 1,734,987 1,536,832 Interest on long-term debt 28,842 21,665 13,833 6,453 - Total governmental activities expenses 11,299,962 12,383,606 12,980,190 14,547,321 14,305,905 Total primary government expenses 11,299,962 $ 12,383,606 $ 12,980,190 $ 14,547,321 $ 14,305,905 $ Program Revenues
Governmental activities:

Charges for services:

General government 373,398 $ 473,436 $ 376,726 $ 460,427 $ 262,758 $ Public safety 88,528 118,930 102,104 173,263 - Public works 780,293 596,135 611,045 504,692 729,320 Parks and recreation 987,432 848,388 922,434 792,892 440,442 Operating grants and contributions 2,006,552 1,255,382 1,050,751 2,146,260 2,073,316 Capital grants and contributions - 333,563 1,169,000 1,172,594 560,627 Total governmental activities program revenues 3,625,834 4,236,203 4,232,060 5,250,128 4,066,463 Total primary governmental program revenues 4,236,203 $ 3,625,834 $ 4,232,060 $ 5,250,128 $ 4,066,463 $ Net (expense)/revenue
Governmental activiites (7,063,759) $ (8,757,772) $ (8,748,130) $ (9,297,193) $ (10,239,442) $ Total primary government net (expense)/revenue (7,063,759) $ (8,757,772) $ (8,748,130) $ (9,297,193) $ (10,239,442) $ General Revenues and Change in Net Position
Governmental activities:

Taxes
Property tax 2,962,918 $ 3,142,567 $ 3,291,947 $ 3,580,012 $ 4,298,673 $ Sales tax 2,054,033 2,090,019 1,939,686 1,935,212 2,564,179 Other taxes 3,593,823 3,681,124 3,742,734 3,897,842 3,247,767 Other general revenues 53,208 25,242 16,896 69,230 1,897,634 Investment earnings (88,082) 183,262 - - 296,110 Total governmental activities 8,575,900 9,122,214 8,991,263 9,482,296 12,304,363 Total primary government 8,575,900 $ 9,122,214 $ 8,991,263 $ 9,482,296 $ 12,304,363 $ Change in Net Position
Governmental activities 1,512,141 $ 364,442 $ 243,133 $ 185,103 $ 2,064,921 $ Total primary government 1,512,141 $ 364,442 $ 243,133 $ 185,103 $ 2,064,921 $ Source: City of Carpinteria
City of Carpinteria
Schedule of Changes Net Position
Last Ten Fiscal Years
(accrual basis of accounting)
-84-
2020 2021 2022 2023 2024
Expenses
Governmental activities:

General government 6,962,506 $ 5,420,633 $ 7,277,140 $ 6,113,371 $ 6,809,354 $ Public safety 4,205,759 4,222,540 4,848,534 4,421,423 6,579,848 Public works 2,335,610 3,118,807 2,222,126 3,805,370 4,185,202 Parks and recreation 1,627,747 1,749,597 2,228,902 2,826,648 3,003,669 Interest on long-term debt - - - - Total governmental activities expenses 15,131,622 14,511,577 16,576,702 17,166,812 20,578,073 Total primary government expenses 15,131,622 $ 14,511,577 $ 16,576,702 $ 17,166,812 $ 20,578,073 $ Program Revenues
Governmental activities:

Charges for services:

General government 301,979 $ 566,239 $ 727,724 $ 523,136 $ 594,095 $ Public safety - - - - - Public works 559,981 480,318 305,300 42,173 41,935 Parks and recreation 354,161 808,010 1,084,739 1,223,181 1,354,234 Operating grants and contributions 2,028,774 1,874,733 3,718,249 3,565,750 2,203,730 Capital grants and contributions 1,395,580 813,619 970,771 1,164,612 308,428 Total governmental activities program revenues 4,542,919 4,640,475 6,806,783 6,518,852 4,502,422 Total primary governmental program revenues 4,640,475 $ 4,542,919 $ 6,806,783 $ 6,518,852 $ 4,502,422 $ Net (expense)/revenue
Governmental activiites (10,491,147) $ (9,968,658) $ (9,769,919) $ (10,647,960) $ (16,075,651) $ Total primary government net (expense)/revenue (10,491,147) $ (9,968,658) $ (9,769,919) $ (10,647,960) $ (16,075,651) $ General Revenues and Change in Net Position
Governmental activities:

Taxes
Property tax 4,686,335 $ 4,939,368 $ 5,188,273 $ 5,512,042 $ 5,799,615 $ Sales tax 4,714,243 5,271,570 6,215,507 5,971,207 5,977,182 Other taxes 2,780,435 2,939,406 4,236,470 4,264,676 3,194,248 Other general revenues 4,518,029 538,381 369,876 692,291 1,333,842 Investment earnings 627,348 141,208 (533,847) 639,453 1,078,439 Total governmental activities 17,326,390 13,829,933 15,476,279 17,079,669 17,383,326 Total primary government 17,326,390 $ 13,829,933 $ 15,476,279 $ 17,079,669 $ 17,383,326 $ Change in Net Position
Governmental activities 6,835,243 $ 3,861,275 $ 5,706,360 $ 6,431,709 $ 1,307,675 $ Total primary government 6,835,243 $ 3,861,275 $ 5,706,360 $ 6,431,709 $ 1,307,675 $ Source: City of Carpinteria
City of Carpinteria
Schedule of Fund Balances of Governmental Funds
Last Ten Fiscal Years
(modified accrual basis of accounting)
-85-
2015 2016 2017 2018 2019
General Fund
Nonspendable 4,167 $ 216,537 $ 16,478 $ 556 $ - $
Restricted 217,091 191,981 179,242 1,141,465 1,721,343 Committed 6,233,213 6,528,226 6,592,489 5,639,967 6,132,441 Assigned - - - - - Unassigned 1,972,371 1,734,662 1,421,593 2,181,761 1,268,806 Total General Fund 8,426,842 $ 8,671,406 $ 8,209,802 $ 8,963,749 $ 9,122,590 $ All other governmental funds
Nonspendable 26,439 $ 26,439 $ 19,326 $ 32,441 $ 29,633 $ Restricted 6,418,886 6,757,800 7,150,509 5,531,584 5,951,166 Committed - 34,151 34,151 34,151 10,914 Unassigned 42,912 - - - (30,818) Total all other governmental funds 6,488,237 $ 6,818,390 $ 7,203,986 $ 5,598,176 $ 5,960,895 $ Source: City of Carpinteria
City of Carpinteria
Schedule of Fund Balances of Governmental Funds
Last Ten Fiscal Years
(modified accrual basis of accounting)
-86-
2020 2021 2022 2023 2024
General Fund
Nonspendable - $ 350 $ - $ 7,715 $ 6,074 $
Restricted 4,168,410 1,438,613 1,116,923 1,172,172 1,270,124 Committed 6,074,608 5,757,473 5,958,673 6,798,287 7,240,886 Assigned - 3,645,131 4,153,242 4,813,735 5,171,629 Unassigned 544,306 1,433,398 4,149,872 3,911,843 2,495,282 Total General Fund 10,787,324 $ 12,274,965 $ 15,378,710 $ 16,703,752 $ 16,183,995 $ All other governmental funds
Nonspendable 30,630 $ 34,960 $ 33,590 $ 27,781 $ 35,977 $ Restricted 6,321,701 6,180,379 5,979,552 5,921,584 6,315,841 Committed - - - - - Unassigned (31,405) (75,554) (16,858) (27,366) (19,636) Total all other governmental funds 6,320,926 $ 6,139,785 $ 5,996,284 $ 5,921,999 $ 6,332,182 $ City of Carpinteria
Schedule of Revenues, Expenditures and Changes in Fund Balance of Governmental Funds and Debt Service Ratio
Last Ten Fiscal Years
(modified accrual basis of accounting)
-87-
2015 2016 2017 2018 2019
Revenues
Taxes 8,610,774 $ 8,913,710 $ 8,974,367 $ 9,353,024 $ 10,110,619 $ Licenses and permits 106,271 115,914 136,296 142,644 262,758 Fines and forfeitures 88,431 119,233 101,871 173,122 67,292 Charges for services 1,384,306 1,255,899 1,235,012 1,089,196 1,169,762 Special assessments 226,954 223,300 227,596 208,339 562,571 Intergovernmental 1,377,172 1,600,265 2,220,803 3,342,497 2,451,590 Investment earnings 595,462 232,183 16,167 102,953 296,110 Other revenues 422,733 287,544 311,211.00 320,649 1,450,124 Total revenues 12,812,103 12,748,048 13,223,323 14,732,424 16,370,826 Expenditures General government 3,388,728 3,656,340 3,811,276 4,466,576 5,859,713 Public safety 3,792,309 3,608,378 3,576,255 3,746,553 3,859,754 Parks and recreation 1,256,754 1,380,332 1,474,515 1,430,897 1,338,586 Public works and streets 2,152,697 2,114,983 2,183,728 3,288,119 2,167,037 Capital outlay 2,121,720 1,234,048 2,077,057 2,473,642 2,741,769 Debt service Principal 145,000 155,000 160,000 170,000 -
Interest 31,138 24,250 16,500 8,500 - Total expenditures 12,888,346 12,173,331 13,299,331 15,584,287 15,966,859 Excess (deficiency) of revenues over (under) expenditures (76,243) 574,717 (76,008) (851,863) 403,967 Other Financing Sources (Uses) Subscription acquisition - - - - - Transfers in 1,703,420 2,451,170 2,462,162 2,910,863 3,420,917 Transfers out (1,703,420) (2,451,170) (2,462,162) (2,910,863) (3,420,917) Total other financing sources - - - - - Net change in fund balances (76,243) $ 574,717 $ (76,008) $ (851,863) $ 403,967 $ Debt services as a percentage of
noncapital expenditures 1.66% 1.67% 1.60% 1.38% 0.00%
Source: City of Carpinteria
City of Carpinteria
Schedule of Revenues, Expenditures and Changes in Fund Balance of Governmental Funds and Debt Service Ratio
Last Ten Fiscal Years
(modified accrual basis of accounting)
-88-
2020 2021 2022 2023 2024
Revenues
Taxes 12,181,011 $ 13,151,630 $ 15,640,250 $ 15,552,420 $ $15,563,480 Licenses and permits 301,979 258,386 278,926 289,804 284,202 Fines and forfeitures 75,501 69,300 109,601 112,801 126,992 Charges for services 914,142 1,581,578 1,838,837 1,517,261 1,720,560 Special assessments 119,834 102,585 90,795 259,706 270,097 Intergovernmental 2,028,774 2,691,018 4,689,020 4,726,572 2,512,158 Investment earnings 627,348 82,559 (533,847) 452,907 978,965 Other revenues 5,718,274 435,796 169,480 526,085 329,819 Total revenues 21,966,863 18,372,852 22,283,062 23,437,556 21,786,273 Expenditures General government 6,168,332 5,165,320 5,707,822 6,063,169 6,199,605 Public safety 4,172,589 4,222,540 4,848,534 5,413,143 6,391,915 Parks and recreation 1,482,383 1,709,143 2,228,902 2,870,313 2,642,531 Public works and streets 1,819,008 2,100,261 2,222,126 2,974,169 2,979,534 Capital outlay 6,549,371 4,126,356 4,315,434 5,082,424 3,682,262 Debt service Principal - - - - -
Interest - - - - - Total expenditures 20,191,683 17,323,620 19,322,818 22,403,218 21,895,847 Excess (deficiency) of revenues over (under) expenditures 1,775,180 1,049,232 2,960,244 1,034,338 (109,574) Other Financing Sources (Uses) Subscription acquisition - - - 27,937 - Transfers in 2,236,358 3,347,853 3,726,095 4,604,070 5,268,140 Transfers out (2,236,358) (3,347,853) (3,726,095) (4,604,070) (5,268,140) Total other financing sources - - - 27,937 - Net change in fund balances 1,775,180 $ 1,049,232 $ 2,960,244 $ 1,062,275 $ (109,574) $ Debt services as a percentage of
noncapital expenditures 0.00% 0.00% 0.00% 0.00% 0.00%
City of Carpinteria
Tax Revenues by Source, Governmental Funds
Last Ten Fiscal Years
(modified accrual basis of accounting)
-89-
Transient
Fiscal Property Sales Occupancy Franchise Other
Year Tax Tax Tax Tax Taxes Total
2015 3,411,370 $ 2,054,033 $ 2,369,762 $ 634,782 $ 140,827 $ 8,610,774 $ 2016 3,623,079 2,090,019 2,379,751 660,231 160,630 8,913,710 2017 3,788,813 1,939,686 2,503,821 614,506 127,541 8,974,367 2018 4,106,134 1,935,212 2,462,092 708,595 140,991 9,353,024 2019 4,298,673 2,564,179 2,635,754 612,013 57,718 10,168,337 2020 4,686,335 4,714,243 2,023,128 757,307 48,859 12,229,872 2021 4,940,654 5,271,570 2,209,191 689,056 41,159 13,151,630 2022 5,188,273 6,215,507 3,487,613 685,283 63,574 15,640,250 2023 5,512,042 5,971,207 3,485,465 717,135 62,076 15,747,925 2024 5,799,615 5,977,182 3,194,248 723,011 70,586 15,764,642 Source: City of Carpinteria City of Carpinteria
Assessed and Estimated Actual Value of Taxable Property Last Ten Fiscal Years
(modified accrual basis of accounting)
-90-
Taxable Assessed
Value as Percentage
Fiscal Total Direct Estimated Actual of Estimated Actual Year Secured Unsecured Totals Tax Rate Taxable Value Taxable Value 2015 1,828,344,041 $ 124,049,385 $ 1,952,393,426 $ 1.00% 4,748,073,510 $ 41.12% 2016 1,919,853,476 124,041,961 2,043,895,437 1.00% 4,976,836,491 41.07% 2017 2,011,828,207 128,079,932 2,139,908,139 1.00% 5,212,541,849 41.05% 2018 2,152,174,030 151,088,408 2,303,262,438 1.00% 5,596,275,658 41.16% 2019 2,273,924,309 164,475,978 2,438,400,287 1.00% 5,919,776,455 41.19% 2020 2,354,028,360 167,969,241 2,521,997,601 1.00% 6,125,026,959 41.18% 2021 2,507,884,649 148,209,784 2,656,094,433 1.00% 6,481,439,885 40.98% 2022 2,637,827,737 140,289,211 2,778,116,948 1.00% 6,794,982,501 40.88% 2023 2,816,016,350 139,680,208 2,955,696,558 1.00% 7,239,584,029 40.83% 2024 3,001,089,412 157,293,848 3,158,383,260 1.00% 7,727,429,027 40.87% Notes:
1) Property in Santa Barbara County is assessed at market value in the year in which the property is exchanged pursuant to a sale. In years thereafter, the assessed value is increased by one percent as required by state law. Based upon the frequency of property exchanges, assessed value is estimated to be about 40 percent of actual value for real property and about 70 percent for personal property. Estimated actual value is calculated by dividing assessed value by those percentages. Tax rates are per $100 of assessed values. 2) 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 a time that it is sold to a new owner. At that point, the 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. The County does not provide breakout of residential, commercial and industrial assessed values to the cities.

Source: Santa Barbara County Auditor- Controller
Assessed Taxable Values
City of Carpinteria
Direct and Overlapping Property Tax Rates
Last Ten Fiscal Years
(rates per $100 of assessed value)
-91-
General
Fiscal Basic Obligation School Special Total Direct &
Year Rate Debt Rate Districts Districts Overlapping Tax 2015 1.00% 0.00% 0.00635% 0.00% 1.0064%
2016 1.00% 0.00% 0.00635% 0.00% 1.0064%
2017 1.00% 0.00% 0.00635% 0.00% 1.0064%
2018 1.00% 0.00% 0.05571% 0.00% 1.0557%
2019 1.00% 0.00% 0.05571% 0.00% 1.0557%
2020 1.00% 0.00% 0.05151% 0.00% 1.0515%
2021 1.00% 0.00% 0.05151% 0.00% 1.0515%
2022 1.00% 0.00% 0.05113% 0.00% 1.0511%
2023 1.00% 0.00% 0.05113% 0.00% 1.0511%
2024 1.00% 0.00% 0.04897% 0.00% 1.0490%
Notes:

In 1978, California voters passed Proposition 13 which sets the property tax rate at a 1% fixed amount.

This 1% is shared by all taxing agencies for which the subject property resides within. In addition to the 1% fixed amount, property owners are charged taxes as a percentage of assessed property values for the payment of school and water district bonds.

Source: Santa Barbara County Auditor-Controller
Direct Rates Overlapping Rates
City of Carpinteria
Principal Property Tax Payers
Current Year and Nine Years Ago
-92-
Percentage of Percentage of
Taxable Total City Taxable Total City Assessed Taxable Assessed Taxable Rank Employer Value Assessed Value Rank Value Assessed Value 1 LINKEDIN CORPORATION 63,591,972 $ 2.15%
2 RBE CARPINTERIA LLC 45,777,600 1.55%
3 CCP ONE LP 41,969,500 1.42%
4 ROIC CaLIFORNIA LLC 27,937,381 0.95%
5 LAVENDER BLUE, LP 20,080,290 0.68% 3 16,625,000 $ 0.90% 6 JHMM Hospitality LLC 19,146,000 0.65%
7 6267 CARP AVE LLV 18,671,455 0.63% 4 15,846,618 0.86% 8 RBP CARPINTERIA RE LLC 18,639,520 0.63%
9 BEGA/US , INC 18,194,455 0.62% 5 15,337,140 0.83%
10 BBH HOLDINGS, LLC (CA) 15,693,179 0.53% 9 13,246,016 0.72% Venoco INC 2 20,622,292 1.12%
G6 Hospitality Property LLC 1 21,970,044 1.19%
Carp One LLC 6 15,063,264 0.82%
Schaff, Victor William 7 14,588,554 0.79%
Carp Two LLC 8 14,422,956 0.78%
SCHAFF, VICTOR WILLIAMS 1998 REVOCABLE TRUST 10 12,155,234 0.66% TOTAL 289,701,352 $ 9.80% 159,877,118 $ 8.69%
Source: Santa Barbara County Auditor- Controller
2024 2015
City of Carpinteria
Property Tax Levies and Collections
Last Ten Fiscal Years
-93-
Total Tax Collections in
Fiscal Levy for Percentage of Subsequent Percentage of
Year Fiscal Year Amount Levy Years Amount Levy
2015 1,702,720 $ 1,688,463 $ 99.2% 13,447.00 $ 1,701,910.00 $ 100.0% 2016 1,780,112 1,762,381 99.0% 13,730 1,776,111 99.8%
2017 1,863,185 1,847,951 99.2% 11,998 1,859,949 99.8%
2018 2,001,901 1,978,832 98.8% 19,064 1,997,896 99.8%
2019 2,306,494 2,280,017 98.9% 21,037 2,301,054 99.8%
2020 2,385,984 2,351,981 98.6% 28,282 2,380,263 99.8%
2021 2,515,399 2,480,701 98.6% 29,307 2,510,008 99.8%
2022 2,639,701 2,610,648 98.9% 21,652 2,632,300 99.7%
2023 2,803,012 2,768,306 98.8% 22,575 2,790,881 99.6%
2024 2,991,824 2,950,918 98.6% - 2,950,918 98.6%
Total Tax Collections in
Fiscal Levy for Percentage of Subsequent Percentage of
Year Fiscal Year Amount Levy Years Amount Levy
2015 302,164 $ 299,634 $ 99.2% 2,386 $ 302,020 $ 100.0% 2016 315,757 312,612 99.0% 2,436 315,048 99.8%
2017 330,668 327,964 99.2% 2,129 330,093 99.8%
2018 356,018 351,915 98.8% 3,390 355,305 99.8%
2019 179,299 177,240 98.9% 1,635 178,875 99.8%
2020 185,725 183,078 98.6% 2,201 185,279 99.8%
2021 195,830 193,128 98.6% 2,282 195,410 99.8%
2022 204,890 202,635 98.9% 1,681 204,316 99.7%
2023 217,950 215,252 98.8% 1,755 217,007 99.6%
2024 232,602 229,422 98.6% - 229,422 98.6%
Notes:

Source: Santa Barbara County Auditor- Controller
City of Carpinteria
to Date
Taxes collected have been restated to reflect available data from the Santa Barbara County Auditor- Controller. Emailed Cluadia 10/24 Collections with the Fiscal
Year of the Levy
Total Collections
to Date
Carpinteria Street Lighting District #1
Collections with the Fiscal Total Collections
Year of the Levy
City of Carpinteria
Ratio of Outstanding Debt by Type
Last Ten Fiscal Years
-94-
Certificates Subscription Total
Fiscal of Based IT Outstanding Percentage of Debt per
Year Participation Arrangements Debt Personal Income Population Capita 2015 485,000 $ - $ 485,000 $ 0.09% 13,547 36 2016 330,000 - 330,000 0.06% 13,928 24 2017 170,000 - 170,000 0.03% 13,950 12
2018 - - - 0.00% 13,849 - 2019 - - - 0.00% 13,680 -
2020 - - - 0.00% 13,335 -
2021 - - - 0.00% 13,361 -
2022 - - - 0.00% 12,963 -
2023 - 14,175 14,175 0.00% 12,711 1 2024 - - - 0.00% 12,744 - Sources: City of Carpinteria Governmental Activities
City of Carpinteria
Ratio of General Bonded Debt Outstanding
Last Ten Fiscal Years
-95-
Percentage of
General Lease Actual Taxable
Fiscal Obligation Revenue Value of Per
Year Bonds Bonds Total Property Capita
2015 - $ - $ - $ 0.00% - $
2016 - - - 0.00% - 2017 - - - 0.00% -
2018 - - - 0.00% -
2019 - - - 0.00% -
2020 - - - 0.00% -
2021 - - - 0.00% -
2022 - - - 0.00% -
2023 - - - 0.00% -
2024 - - - 0.00% -
Sources: City of Carpinteria
General Bonded Debt Oustanding
City of Carpinteria
Direct and Overlapping Governmental Activities Debt
As of June 30, 2024
-96-
2023-24 Assessed Valuation: $3,170,830,636
Total Debt % City’s Share of
6/30/2024 Applicable 1 Debt 6/30/2024
Overlapping Tax and Assessment Debt:

Santa Barbara Community College District 49,095,000 $ 4.294% 2,108,139 $ Carpinteria Unified School District 87,565,000 35.763% 31,315,871 Total Overlapping Tax and Assessment Debt 33,424,010 $ Overlapping General Fund Debt:

Santa Barbara County General Fund Obligations 118,125,000 $ 2.900% 3,425,625 $ Total Gross Overlapping General Fund Debt $ 3,425,625
Less: Santa Barbara County Supported Obligations (32,045) Total Net Overlapping General Fund Debt 3,393,580 $ Total Gross Overlapping Debt2
$ 36,849,635
Total Net Overlapping Debt 36,817,590 $
Notes:
1 2
Ratios to 2023-24 Assessed Valuation:

Total Overlapping Tax and Assessment Debt 1.05%
Gross Combined Total Debt 1.16%
Net Combined Total Debt 1.16%
Sources: California Municipal Statistics, Inc.

The percentage of overlapping debt applicable to the City is estimated using taxable assessed property value. Applicable percentages were estimated by determining the portion of the overlapping district's assessed value that is within the boundaries of the City divided by the district's total taxable assessed Excludes tax and revenue anticipation notes, revenue, mortgage revenue and tax allocation bonds and non-bonded capital lease obligations.

City of Carpinteria
Legal Debt Margin Information
Last Ten Fiscal Years
-97-
Total Net Debt
Total Net Debt Applicable to the
Fiscal Debt Applicable Legal Debt Limit as a Percentage Year Limit To Limit Margin of Debt Limit
2015 73,214,247 $ - $ 73,214,247 $ 0.00%
2016 76,646,079 - 76,646,079 0.00%
2017 80,246,555 - 80,246,555 0.00%
2018 86,372,341 - 86,372,341 0.00%
2019 91,440,011 - 91,440,011 0.00%
2020 94,574,910 - 94,574,910 0.00%
2021 99,603,541 - 99,603,541 0.00%
2022 104,179,386 - 104,179,386 0.00%
2023 110,838,621 - 110,838,621 0.00%
2024 118,439,372 - 118,439,372 0.00%
Legal Debt Margin Calculation for Fiscal Year 2024
Total Assessed Property Value 3,158,383,260 Debt limit (3.75% of assessed value) 118,439,372 Less debt applicable to limit:

General obligation bonds -
Total debt applicable to limit -
Legal debt margin 118,439,372.0 $
Source: Santa Barbara County Auditor- Controller
Note: The Government Code of the State of California provides for a legal debt limit of 15% of gross assessed valuation. However, this provision was enacted when assessed valuation was based upon 25% of market value. Effective with the 1981/82 fiscal year, each parcel is now assessed at 100% of market value (as of the most recent change in ownership for that parcel). The computations shown above reflect a conversion and assessed valuation data for each fiscal year from the current full valuation perspective to the 25% level that was in effect at the time that the legal debt margin was enacted by the State of California for local governments located within the state.

City of Carpinteria
Pledged Revenue Coverage
Last Ten Fiscal Years
-98-
Special Capital
Fiscal Assessment Impact
Year Collections Fees Principal Interest Coverage
2015 - $ - $ - $ - $ 0.0%
2016 - - - - 0.0%
2017 - - - - 0.0%
2018 - - - - 0.0%
2019 - - - - 0.0%
2020 - - - - 0.0%
2021 - - - - 0.0%
2022 - - - - 0.0%
2023 - - - - 0.0%
2024 - - - - 0.0%
Note: The City had no Pledged Revenues during this period.

Source: City of Carpinteria
Debt Service
Special Assessment Bonds
City of Carpinteria
Demographic and Economic
Last Ten Fiscal Years
-99-
Fiscal Personal Per Capita Unemployment
Year Population Income Personal Income Rate
2015 13,547 673,285,900 $ 49,700 $ 4.7%
2016 13,928 706,066,032 50,694 4.6%
2017 13,950 721,326,600 51,708 4.5%
2018 13,849 508,119,810 36,690 3.9%
2019 13,680 580,100,400 42,405 3.4%
2020 13,335 593,487,510 44,506 4.9%
2021 13,361 621,727,413 46,533 5.5%
2022 12,963 603,207,279 46,533 2.3%
2023 12,711 634,075,524 49,884 3.7%
2024 12,744 666,549,432 52,303 5.3%
Sources: Department of Finance
Sources: University of California Santa Barbara
Sources: EDD Unemployment Rate and Labor Force
City of Carpinteria
Principal Employers
Current Year and Nine Year Ago
-100-
Percentage of Percentage of
Total City Total City
Employer Rank Employees Employment Rank Employees Employment Procore 1 850 5.45%
Agilent (Formerly DAKO) 2 408 2.61% 4 180 1.15%
Carpinteria Unified School District 3 322 2.06% 3 272 1.74% LinkedIn 4 240 1.54%
Plan Member Services 5 185 1.19% 8 110 0.70%
Bega - US 6 167 1.07%
Freudenberg Medical, LLC 7 163 1.04%
Jimenez Nursery, Inc 8 115 0.74%
Albertsons 9 94 0.60% 10 99 0.63%
Gigavac 10 92 0.59%
Nusil Technology 1 415 2.66%
Lynda.com 2 410 2.63%
Helix Medical Inc 5 143 0.92%
TE Connectivity 6 130 0.83%
AGIA, Inc. 7 129 0.83%
CKE (Carl Karchler Enterprises) 9 103 0.66%
2636 16.89% 1,991 12.76%
Source: City of Carpinteria
2024 2015
City of Carpinteria
Employees by Function
Last Ten Fiscal Years
-101-
Function/Program 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 General Government
City Council 5 5 5 5 5 5 5 5 5 5
City Clerk 2 2 2 2 2 2 3 3 3 2
City Manager 4 4 4 4 4 4 4 4 4 6
Administrative Services
Finance 2 2 2 2 2 3 3 3 4 4
Community Development
Planning 5 5 5 5 5 5 5 5 5 5
Building 1 1 1 1 1 1 1 1 1 1
Code Compliance 3 3 3 3 3 4 4 4 4 4
Public Works
Public Works Administration 4 4 4 4 4 5 5 5 5 6
Roads and Streets 5 5 5 5 5 6 5 5 5 5
Parks, Recreation & Public Facilities
Parks and Recreation Administration 4 4 4 4 4 2 4 4 4 5 Facilities 0 0 0 0 0 1 3 3 3 3
Community Pool/Beach Services 8 8 8 8 8 2 2 2 2 2
Total 43 43 43 43 43 40 44 44 45 48
Source: City of Carpinteria
Note* FTE basis changed back full time employees only.

Full-time Equivalent Employees as of June 30
City of Carpinteria
Operating Indicators by Function Program
Last Ten Fiscal Years
-102-
Function/Program 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 Public Safety
Traffic violations 735 735 735 1,445 1,778 1,766 1,699 1,739 1,620 1,771 Planning
Building permits issued 246 285 279 282 310 267 269 286 299 265 Public Works
Miles of streets resurfaced 0.67 0.67 0.00 0.00 0.00 3.50 2.25 2.50 2.00 2.00 Parks
Jr. Lifeguard paricipants 190 190 200 185 170 148 150 156 186 201 Swimming pool admissions 32,005 32,005 33,000 42,000 33,000 24,530 45,309 48,120 48,947 36,075 Source: City of Carpinteria
Fiscal Year
City of Carpinteria
Capital Asset Statistics by Function
Last Ten Fiscal Years
-103-
Function/Program 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 Public Safety
Stations 1 1 1 1 1 1 1 1 1 1
Patrol units 2 2 2 2 2 2 2 2 2 2
Public Works
Miles of streets 33 33 33 33 33 33 33 33 33 33
Streetlights 631 631 631 631 631 631 631 631 631 631
Traffic signals 3 3 3 3 3 4 4 4 4 5
Parks
Community centers 1 1 1 1 1 1 1 1 1 1
Parks 12 12 12 12 12 13 13 13 14 14
Park acerage 103 103 103 103 103 124 124 124 103 103
Source: City of Carpinteria

ATTACHMENT B
Auditor’s report on internal controls
735 E. Carnegie Dr. Suite I 00
San Bernardino. CA 92408
909 889 0871 T
909 889 5361 F
ramscpa. net

ROGERS, ANDERSON , MALODY & SCOTT, LLP
CERTIFIED PUBLIC ACCOUNTANTS. SINCE 1948
STABILITY. ACCURACY. TRUST.
-1-

REPORT ON INTERNAL CONTROL OVER FINANCIAL

REPORTING AND ON COMPLIANCE AND OTHER MATTERS

BASED ON AN AUDIT OF FINANCIAL STATEMENTS

PERFORMED IN ACCORDANCE WITH

GOVERNMENT AUDITING STANDARDS
Independent Auditor’s Report
To the Honorable Mayor and Members of the City Council
City of Carpinteria
Carpinteria, California
We have audited, in accordance with the auditing standards generally accepted in the United States of America and the standards applicable to financial audits contained in Government Auditing Standards issued by the Comptroller General of the United States (Government Auditing Standards), the financial statements of the governmental activities, each major fund, and the aggregate remaining fund information of the City of Carpinteria, California (the entity) as of and for the year ended June 30, 2024, and the related notes to the financial statements, which collectively comprise the entity’s basic financial statements, and have issued our report thereon dated December 20, 2024.

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

A deficiency in internal control exists when the design or operation of a control does not allow management or employees in the normal course of performing their assigned functions, to prevent, or detect and correct, misstatements on a timely basis. A material weakness is a deficiency, or a combination of deficiencies, in internal control, such that there is a reasonable possibility that a material misstatement of the entity’s financial statements will not be prevented, or detected and corrected, on a timely basis. A significant deficiency is a deficiency, or a combination of deficiencies, in internal control that is less severe than a material weakness, yet important enough to merit attention by those charged with governance.
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Our consideration of internal control was for the limited purpose described in the first paragraph of this section and was not designed to identify all deficiencies in internal control that might be material weaknesses or significant deficiencies and therefore, material weaknesses or significant deficiencies may exist that were not identified. Given these limitations, during our audit we did not identify any deficiencies in internal control that we consider to be material weaknesses. We identified a certain deficiency in internal control, described in the accompanying Schedule of Findings and Responses as item 2024-001 that we consider to be a significant deficiency.

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

We noted certain matters that we have reported to management of the entity in a separate letter dated December 20, 2024.

City’s Response to Findings
Government Auditing Standards requires the auditor to perform limited procedures on the entity’s response to the findings identified in our audit and described in the accompanying Schedule of Findings and Responses. The entity’s response was not subjected to the other auditing procedures applied in the audit of the financial statements and, accordingly, we express no opinion on the response.

Purpose of this Report
The purpose of this report is solely to describe the scope of our testing of internal control and compliance and the results of that testing, and not to provide an opinion on the effectiveness of the entity’s internal control or on compliance. This report is an integral part of an audit performed in accordance with Government Auditing Standards in considering the entity’s internal control and compliance. Accordingly, this communication is not suitable for any other purpose.

San Bernardino, California
December 20, 2024
City of Carpinteria
Schedule of Findings and Responses
Year Ended June 30, 2024
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2024-001
Significant Deficiency in Internal Control over Financial Reporting – Inadequate Segregation of Duties Criteria and Condition
During our audit of the City, we noted a lack of segregation of duties in the City’s accounting process.

Proper segregation of duties dictates that the functions of recording, authorization, custody and execution are not dominated by one individual. An adequate segregation of duties requires that one individual does not handle a transaction from its inception to its completion. Adequately segregated duties helps to reduce the possibility of fraud and defalcations from occurring and to ensure the integrity of the information provided by the City’s financial reporting system.

Context
We observed inadequate segregation of duties over payroll, process by performing observations of processes and interviews of personnel and management.

Effect or Potential Effect
Without sufficient segregation of duties, the risk significantly increases that errors and fraud related to financial reporting, including misappropriation of assets, could occur and not to be detected within a timely basis.

Auditor’s Recommendation
An adequate segregation of duties requires that one individual does not handle a transaction from its inception to it completion. However, we realize that this is due to the limited number of individuals available to the City to perform numerous, and sometimes incompatible duties. Unless more personnel are hired, there may be no practical corrective action possible for this inherent weakness. We believe it is important for management and City Council to be aware that whenever a limited number of people are in control of the accounting process, the system is far more susceptible to errors or other irregularities, either intentional or unintentional, not being discovered.

View of Responsible Officials and Planned Corrective Actions The City acknowledges the observation regarding inadequate segregation of duties within the accounting process, particularly over payroll. We recognize the importance of this internal control to prevent errors, fraud, and misappropriation of assets, and we are committed to addressing the issue.

Given the limited number of staff in the accounting department, we understand that achieving full segregation of duties is challenging. However, we will explore alternative measures to mitigate the risk of errors and fraud. These may include implementing enhanced supervisory reviews, increasing the frequency of reconciliations, and introducing additional approval layers to key processes. Additionally, we will assess the potential for leveraging technology or automated controls to reduce manual involvement and minimize risks.

While achieving perfect segregation of duties may not be feasible with current staffing levels, we are committed to strengthening the control environment and maintaining the integrity of the City’s financial reporting. We will continue to monitor this risk and make adjustments as needed to ensure that the City’s financial processes are as robust as possible given the constraints.

ATTACHMENT C
Auditor’s report on appropriations limit calculations
735 E. Carnegie Dr. Suite I 00
San Bernardino. CA 92408
909 889 0871 T
909 889 5361 F
ramscpa. net

ROGERS, ANDERSON , MALODY & SCOTT, LLP
CERTIFIED PUBLIC ACCOUNTANTS. SINCE 1948
STABILITY. ACCURACY. TRUST.
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Independent Accountant’s Report
To the Honorable City Council
City of Carpinteria, California
We have performed the procedures enumerated below to the accompanying Appropriations Limit Worksheet of the City of Carpinteria, California (the City) for the year ended June 30, 2024.

The management of the City is responsible for the accompanying Appropriations Limit Worksheet.

The City has agreed to and acknowledged that the procedures performed are appropriate to meet the intended purpose of meeting the requirements of Section 1.5 of Article XIII-B of the California Constitution. These procedures, which were suggested by the League of California Cities and presented in the publication entitled Agreed-upon Procedures Applied to the Appropriations Limitation Prescribed by Article XIII-B of the California Constitution, were performed solely to assist you in meeting the requirements. This report may not be suitable for any other purpose. The procedures performed may not address all the items of interest to a user of this report and may not meet the needs of all users of this report and, as such, users are responsible for determining whether the procedures performed are appropriate for their purposes.

The procedures and the associated findings are as follows:

1. We obtained the completed worksheets and compared the limit and annual adjustment factors included in those
worksheets to the limit and annual adjustment factors that were adopted by resolution of the City Council. We also compared the population and inflation options included in the aforementioned documents to those that were selected by a recorded vote of the City Council.

Finding: No exceptions were noted as a result of our
procedures.

2. For the accompanying Appropriations Limit Worksheet, we added last year’s limit to total adjustments and agreed the resulting amount to this year’s limit.

Finding: No exceptions were noted as a result of our
procedures.
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3. We agreed the current year information presented in the accompanying Appropriations Limit Worksheet to the other documents referenced in number one above.

Finding: No exceptions were noted as a result of our procedures.

4. We agreed the prior year appropriations limit presented in the accompanying Appropriations Limit Worksheet to the prior year appropriations limit adopted by the City Council during the prior year.

Finding: No exceptions were noted as a result of our procedures.

We were engaged by the City to perform this agreed-upon procedures engagement and conducted our engagement in accordance with attestation standards established by the American Institute of Certified Public Accountants. We were not engaged to and did not conduct an examination or review, the objective of which would be the expression of an opinion or conclusion, respectively, on accompanying Appropriations Limit Worksheet for the year ended June 30, 2024. Accordingly, we do not express such an opinion or conclusion. Had we performed additional procedures, other matters might have come to our attention that would have been reported to you.

We are required to be independent of the City and to meet our other ethical responsibilities, in accordance with the relevant ethical requirements related to our agreed-upon procedures engagement.

This report is intended solely for the information and use of the City Council and management of the City of Carpinteria, California, and is not intended to be and should not be used by anyone other than these specified parties. However, this report is a matter of public record and its distribution is not limited.

San Bernardino, California
December 20, 2024
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City of Carpinteria
Appropriations Limit Worksheet
2023 – 2024
Per capita personal income change 4.44%
Population change:

County population growth -0.60%
CPI change converted to a ratio 1.0444
Population change converted to a ratio 0.994
2022 - 2023 Limit 21,155,763 $
2023 - 2024 Limit
($21,155,763 x 1.0444 x 0.994) 21,962,508 $
735 E. Carnegie Dr. Suite I 00
San Bernardino. CA 92408
909 889 0871 T
909 889 5361 F
ramscpa. net

ROGERS, ANDERSON , MALODY & SCOTT, LLP
CERTIFIED PUBLIC ACCOUNTANTS. SINCE 1948
STABILITY. ACCURACY. TRUST.
-1-
Independent Accountant’s Report
To the Honorable City Council
City of Carpinteria Street Lightning District No. 1, California We have performed the procedures enumerated below to the accompanying Appropriations Limit Worksheet of the City of Carpinteria Street Lightning District No.1, California (the City) for the year ended June 30, 2024. The management of the City is responsible for the accompanying Appropriations Limit Worksheet.