Agenda — Ceres City Council, April 13, 2026 (part 8 of 9)

Upper Range of Feasibility = 15-20%
Residential Nonresidential
Single-Family Multifamily
per unit per 1,000 bldg. sq. ft.

EXHIBIT B ITEM 13
It is important to note that the originally estimated commercial fees were established based on relative demand for the different improvements and would be legally justifiable under the Mitigation Fee Act requirements for development impact fee programs. However, the adjusted CTSP fees would no longer meet the Mitigation Fee Act requirements, and consequently, the resulting CTSP fees would need to be enacted through a development agreement or other means rather than through a legally justifiable development impact fee nexus study.

Total Taxes and Assessments as a Percentage of
Sales Price
The Total Taxes and Assessments as a Percentage of Sales Price feasibility test often is referred to as a “two-percent test.” This test provides another measure of the financial feasibility of a project that is used by land developers, builders, and municipal governments to evaluate development projects. The two-percent test provides a general rule for the feasibility of proposed annual special taxes and assessments. In general, if the sum of general property taxes, other ad valorem taxes, and all annual special taxes and assessments is less than 2 percent of the average finished home sales price, then the burden of annual taxes and assessments is considered financially feasible. In the Sacramento Region, jurisdictions and developers typically target total taxes and assessments at levels no greater than approximately 1.6 percent to 1.8 percent of the finished home sales price.

Table 10 shows the estimated taxes and assessments as a percentage of home sales prices for each of the proposed residential Project land uses. The total annual amount includes the following taxes and assessments:
• Countywide ad valorem taxes (1%)
• Other general ad valorem taxes (e.g., school General Obligation bonds) • Services CFD taxes
• Infrastructure CFD taxes (proposed in this Financing Plan) After annexation into the City, the Project will be required to participate in a Citywide services CFD to pay for required police, fire, parks, and open space services and ongoing maintenance. When combined with the potential implementation of infrastructure special taxes that range from $900 to $2,600 per unit, the CTSP total taxes and assessments would equal approximately 1.80% of the home sales prices for all residential categories.

EXHIBIT B ITEM 13
Table 10. Estimated Annual Taxes/Assessments as a Percentage of Sales Price (2025$) Item LDR MDR MHDR HDR
Assumptions
Estimated Average Sales Price $550,000 $520,000 $490,000 $310,000 Less Homeowner Exemption ($7,000) ($7,000) $0 $0
Estimated Taxable Sales Price $543,000 $513,000 $490,000 $310,000 Ad Valorem Taxes
General Property Tax 1.000000% $5,430 $5,130 $4,900 $3,100 Ceres USD 2001 A 0.036145% $196 $185 $177 $112
Ceres USD 2008 Series 2010A 0.007363% $40 $38 $36 $23
Ceres USD 2015 GO Refunding 0.003838% $21 $20 $19 $12
Ceres USD 2016 GO Crossover Refunding 0.021615% $117 $111 $106 $67 Ceres USD GO Election 2008, Series 2017 0.011782% $64 $60 $58 $37 Ceres USD 2017 GO Bond 0.003059% $17 $16 $15 $9
Ceres USD GO Bond, Ref 2021 0.007615% $41 $39 $37 $24
Yosemite Community College District 2004, Series 2007 C 0.010354% $56 $53 $51 $32 Yosemite 2020 GO Refunding Series B 0.006804% $37 $35 $33 $21 Yosemite 2022 GO Refunding 0.009086% $49 $47 $45 $28
Total Ad Valorem Taxes 1.117661% $6,069 $5,734 $5,477 $3,465 Existing Special Taxes/Assessments
CFD-3 $1,201 $1,201 $1,201 $1,201
Turlock Mosquito Abatement $8.40 $8.40 $8.40 $8.40
Total Existing Special Taxes/Assessments $1,209 $1,209 $1,209 $1,209 Subtotal Existing Taxes and Assessments $7,278 $6,943 $6,686 $4,674 Percentage of Sales Price 1.32% 1.34% 1.36% 1.51%
Potential CTSP Special Taxes
Potential Infrastructure CFD Special Taxes [1] $2,600 $2,400 $2,100 $900 Total Existing and Potential New Taxes/Assessments $9,878 $9,343 $8,786 $5,574 Total Taxes/Assessments as % of Sales Price 1.80% 1.80% 1.79% 1.80% Source: EPS; City of Ceres; Stanislaus County; EPS.
[1] Maximum total annual taxes and assessments assumed to be 1.80% of home sales price. Infrastructure CFD special taxes based on remaining taxing capacity to reach 1.80% after considering all other annual taxes and assessments.

Percentage Residential
FY (2024-25)
EXHIBIT B ITEM 13

8. Financing Plan Implementation
Implementation Summary
This Financing Plan establishes a detailed and specific financing strategy for the CTSP. This financing strategy will be implemented through a variety of actions taken by the City in cooperation with Project developers, as summarized below.

Backbone Infrastructure and Public Facilities

1. Continue to analyze all backbone infrastructure and public facility improvements that have been identified for the CTSP to ensure completeness and accuracy and to assist assignment of funding responsibility based on “rational nexus” principles and adoption of financing mechanisms.

2. Evaluate specific public improvements in relation to likely development patterns and establish a schedule for constructing the improvements in coordination with development activity. Begin engineering design and initiate construction of the high-priority improvements.

3. Secure any required right-of-way and public facility (e.g., parks) sites on an opportunistic basis as they become available. Ensure that such acquisition occurs no later than approval of the final subdivision map of any directly adjoining or surrounding development project or otherwise requiring completion of the facility.

Financing Mechanisms

1. Determine if the CTSP Fee Program will be privately or publicly administered.

2. Prepare and adopt a CTSP Development Impact Fee Nexus Study that provides a technical and legal basis for the implementation of a CTSP Fee Program and ongoing updating of the CTSP Fees. The CTSP Fee Program should include public improvement components for costs that are included in the CTSP Cost Estimate and not funded by other identified sources. If publicly administered, the CTSP Fee Program should include a component to administer and update the CTSP Fee Program.

3. Insofar as the investments in public improvements exceed funding immediately available (through impact fees and other sources), establish mechanisms for interim funding of the “oversized” facilities and payment of these costs as subsequent development occurs.

4. Prepare an implementation framework for establishing a Mello-Roos CFD for infrastructure if there is sufficient interest among property owners in the Project.

EXHIBIT B ITEM 13
Regulatory and Project-Related Actions

1. Initiate annexation proceedings with the Stanislaus Local Agency Formation Commission (LAFCO) to annex the Project into the City and the City services CFD No. 3.

2. Develop standard business terms for Development Agreements (DAs). It is assumed Project developers and the City may seek a DA to secure entitlements and to clarify other regulatory and financial requirements.

3. Develop standard conditions for subdivision maps and other Project approvals that incorporate Project-specific backbone infrastructure and public facility requirements.

4. Develop standard agreements and terms for backbone infrastructure and public facility credit and reimbursement agreements that may be entered into with Project developers.

Financing Plan Updates
It is anticipated that as the Financing Plan is implemented, there may be changes to anticipated development, public facilities costs, and funding sources. Changes should be evaluated in the context of the overall financing strategy framework, ensuring that required funding is available when needed.

Possible refinements are listed below:
• Land use changes.
• New or revised infrastructure projects.
• New cost information based on actual construction costs, updated engineering estimates, or changes in the land use plan.
• New funding source data.
• Inflation adjustments to cost and funding data.

Changes to required or completed infrastructure could include higher or lower cost estimates, as well as changes in funding sources. As development occurs and infrastructure is completed, remaining costs and funding amounts for each funding source will need to be adjusted. In addition, costs and funding sources should be adjusted annually to reflect inflation and adjust the costs and funding amounts to current year dollars. Changing market conditions also may permit an increased funding burden on private development.

Such changes over time may be updated or reflected in the documents and City actions taken to implement various financing mechanisms identified in this document rather than revisiting or updating the Financing Plan itself. The City has the discretion to determine whether the Financing Plan itself should be updated or whether applicable updates should be made to the implementing documents.

EXHIBIT B ITEM 13
Appendices
Appendix A: Detailed Land Uses
Appendix B: Engineer’s Estimate of Probable Cost
Appendix C: Estimated Fee Revenue from Existing and
Proposed fee Programs
Appendix D: Proposed CTSP Fee Program Public
Improvements Cost Allocation
Appendix E: Proposed CTSP Fee Program Cost Burden
Shift
EXHIBIT B ITEM 13
Appendix A:

Detailed Land Uses
Table A-1 CTSP Land Uses .................................................................................................. A-1 EXHIBIT B ITEM 13
DRAFT
Table A-1Copper Trails Specific PlanPublic Facilities Financing PlanCTSP Land Uses Item Acres
Distribution
Density
[1]
Acres
[2]
Dwelling
Units [3]
Nonres. Bldg.

Sq. Ft. [3]
Acres
[2]
Dwelling
Units [3]
Nonres. Bldg.

Sq. Ft. [3]
Residential
Single Family
Low Density Residential (LDR) 5.5 75.7 421 - 47.7 265 - 54.2 302 - - - - 177.6 988 -Medium Density Residential (MDR) 9.0 17.2 155 - 11.6 104 - 8.8 79 - - - - 37.6 338 - Total Single Family 92.9 576 - 59.3 369 - 63.0 381 - - - - 215.2 1,326 - Multifamily
Medium-High Density Residential (MHDR) 20.0 - - - - - - 7.7 154 - 9.1 182 - 16.8 336 - High Density Residential (HDR) 25.0 7.1 179 - 8.8 222 - - - - 13.0 329 - 28.9 730 -Total Multifamily 7.1 179 - 8.8 222 - 7.7 154 - 22.1 511 - 45.7 1,066 - Total Residential 100.0 755 - 68.1 591 - 70.7 535 - 22.1 511 - 260.9 2,392 - Nonresidential
Commercial
Regional Commercial 50.0% 0.25 - - - - - - - - - 53.7 - 584,793 53.7 - 584,793 Commercial Mixed Use [4] 12.5% 0.25 - - - - - - - - - 13.4 - 146,198 13.4 - 146,198 Drive-Through Commercial 12.5% 0.25 - - - - - - - - - 13.4 - 146,198 13.4 - 146,198 Subtotal Commercial - - - - - - - - - 80.6 - 877,190 80.6 - 877,190 Hotel 12.5% 0.25 - - - - - - - - - 13.4 - 146,198 13.4 - 146,198 Office 12.5% 0.25 - - - - - - - - - 13.4 - 146,198 13.4 - 146,198Total Nonresidential 100.0% - - - - - - - - - 107.4 - 1,169,586 107.4 - 1,169,586 Public/Quasi-Public
Parks and Open Space [5] 10.6 - - 6.2 - - 9.3 - - 16.3 - - 42.4 - - Public - - - - - - - - - 3.4 - - 3.4 - -School (Existing Elementary and High School) 56.2 - - - - - 17.9 - - - - 74.1 - - Major Roadways [6] 13.7 - - 9.6 - - 9.3 - - 13.7 - - 46.3 - - Total Public/Quasi-Public 80.5 - - 15.8 - - 36.5 - - 33.4 - - 166.2 -- Total Planned Land Uses 180.5 755 - 83.9 591 - 107.2 535 - 162.9 511 1,169,586 534.5 2,392 1,169,586Source: Wood Rodgers; NorthStar Engineering; City of Ceres; EPS [1] Densities are from Table 4-1 of the Draft Copper Trails Specific Plan (11/06/2024). Densities are averages and may differ slightly from planned densities calculated from total acres, dwelling units, and building square feet. [2] Acres are from Figure 4-1 of the Draft Copper Trails Specific Plan (11/06/2024).[3] Total dwelling units and building square feet are from Table 4-1 of the Draft Copper Trails Specific Plan (11/06/2024). They are maximum amounts and are not adjusted for a vacancy factor. Units by area = acres*average units/acre.[4] Commercial mixed use land use allows high-density housing, but the Specific Plan does not allocate dwelling units.[5] Calculated from square feet assumed for park dedication in NorthStar Cost Estimate (03/03/2025).[6] Calculated as total acres by area less sum of all other acres.

Area 1 Area 2 Area 3 Area 4 Buildout
Prepared by EPS 9/11/2025 Z:\Shared\Projects\SAC\222000\222100 Ceres Copper Trails Specific Plan\Models\222100 FP 9-10-25.xlsx

EXHIBIT B
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Appendix B:

Engineer’s Estimate of Probable Cost
Table B-1: Summary of Engineer's Estimates of Backbone Infrastructure and Parks Costs............................................................................................................ B-1 Engineer’s Estimate of Probable Cost (Prepared by NorthStar Engineering Group, Inc.) EXHIBIT B ITEM 13
DRAFT

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Table B-1Public Facilities Financing PlanCopper Trails Specific PlanSummary of Engineer's Estimates of Backbone Infrastructure and Parks Costs (2025$)Item Pct. Area 1 Area 2 Area 3 Area 4 Area 1 Area 2 Area 3 Area 4 Total Area 1 Area 2 Area 3 Area 4 Total Area 1 Area 2 Area 3 Area 4 TotalShared Costs [1] Sewer Pump Station 26% 20% 18% 36% $580,977 $446,342 $408,888 $813,794 $2,250,000 Contingency 20% $116,195 $89,268 $81,778 $162,759 $450,000Subtotal $697,172 $535,610 $490,665 $976,553 $2,700,000Soft Cost 20% $139,434 $107,122 $98,133 $195,311 $540,000Subtotal Sewer Pump Station $836,607 $642,732 $588,798 $1,171,863 $3,240,000Water Well and Water Tank 29% 20% 21% 30% $4,211,754 $2,904,559 $3,006,021 $4,377,666 $14,500,000 Contingency 20% $842,351 $580,912 $601,204 $875,533 $2,900,000Subtotal $5,054,104 $3,485,471 $3,607,226 $5,253,199 $17,400,000Soft Cost 20% $1,010,821 $697,094 $721,445 $1,050,640 $3,480,000Subtotal Water Well and Tank $6,064,925 $4,182,565 $4,328,671 $6,303,839 $20,880,000Intersection LOS Improvements 17% 12% 12% 59%Contingency 20%SubtotalSoft Cost 20%Subtotal Intersection LOSTotal Shared Costs $836,607 $642,732 $588,798 $1,171,863 $3,240,000 - - - - - $6,064,925 $4,182,565 $4,328,671 $6,303,839 $20,880,000 Segment and Area Costs [2]
Area Costs - - - - $61,580 - $52,380 - $113,960 $1,444,550 $347,705 $1,152,450 $1,707,786 $4,652,491 $338,688 - - $26,544 $365,232 Segment 1 - 100% - - - $393,935 - - $393,935 - $53,096 - - $53,096 - $48,170 - - $48,170 Segment 2 50% - 50% - $102,970 - $102,970 - $205,939 $55,428 - $55,428 - $110,856 $62,464 - $62,464 - $124,928 Segment 3 100% - - - $539,275 - - - $539,275 $342,770 - - - $342,770 $557,214 - - - $557,214 Segment 4 100% - - - $4,500 - - - $4,500 - - - - - - - - - - Segment 5 100% - - - $192,112 - - - $192,112 $440,440 - - - $440,440 $270,144 - - - $270,144 Segment 6 - 100% - - - $25,880 - - $25,880 - - - - - - $38,630 - - $38,630 Segment 7 - 50% - 50% - $68,295 - $68,295 $136,590 - $128,465 - $128,465 $256,930 - $122,400 - $122,400 $244,800 Segment 8 - - 50% 50% - - $70,459 $70,459 $140,918 - - $322,925 $322,925 $645,849 - - $119,238 $119,238 $238,476 Segment 9 - 50% 50% - - $73,800 $73,800 - $147,600 - $296,602 $296,602 - $593,204 - $191,491 $191,491 - $382,982 Segment 10 - - 100% - - - $305,672 - $305,672 - - $350,535 - $350,535 - - $277,956 - $277,956 Segment 11 - - - 100% - - - $203,188 $203,188 - - - $718,076 $718,076 - - - $383,148 $383,148Segment 12 - - - 100% - - - - - - - - - - - - - $150,754 $150,754 Segment 13 - - - 100% - - - $88,540 $88,540 - - - $355,944 $355,944 - - - $275,528 $275,528 Segment 14 - - - 100% - - - $66,440 $66,440 - - - $161,380 $161,380 - - - $348,444 $348,444 Subtotal $900,437 $561,910 $605,281 $496,922 $2,564,549 $2,283,188 $825,868 $2,177,940 $3,394,576 $8,681,571 $1,228,510 $400,691 $651,149 $1,426,056 $3,706,406Contingency 20% $180,087 $112,382 $121,056 $99,384 $512,910 $456,638 $165,174 $435,588 $678,915 $1,736,314 $245,702 $80,138 $130,230 $285,211 $741,281Subtotal with Contingency $1,080,524 $674,292 $726,337 $596,306 $3,077,459 $2,739,826 $991,042 $2,613,527 $4,073,491 $10,417,885 $1,474,212 $480,829 $781,379 $1,711,267 $4,447,687Soft Cost 20% $216,105 $134,858 $145,267 $119,261 $615,492 $547,965 $198,208 $522,705 $814,698 $2,083,577 $294,842 $96,166 $156,276 $342,253 $889,537Total Segment and Area Costs $1,296,629 $809,150 $871,604 $715,568 $3,692,951 $3,287,791 $1,189,250 $3,136,233 $4,888,189 $12,501,462 $1,769,054 $576,995 $937,655 $2,053,521 $5,337,225 Total Costs (Rounded) $2,133,235 $1,451,883 $1,460,402 $1,887,431 $6,932,951 $3,287,791 $1,189,250 $3,136,233 $4,888,189 $12,501,463 $7,833,980 $4,759,560 $5,266,325 $8,357,359 $26,217,224Source: NorthStar Engineering; EPS.[1] See Table D-6 for shared cost percentages by area. Total costs prepared by NorthStar Engineering. For each improvement type, costs by area calculated as percentage by area * total cost.[2] Segment and area cost percentages by area and total costs prepared by NorthStar Engineering.

Percentage by Area Sewer Costs by Area Storm Drainage Costs by Area Water Costs by Area Prepared by EPS 9/2/2025 Z:\Shared\Projects\SAC\222000\222100 Ceres Copper Trails Specific Plan\Models\222100 FP 9-2-25.xlsx

EXHIBIT B
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DRAFT

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Table B-1Public Facilities Financing PlanCopper Trails Specific PlanSummary of Engineer's Estimates of Backbone Infrastructure and Parks Costs (2025$)Item Pct. Area 1 Area 2 Area 3 Area 4 Area 1 Area 2 Area 3 Area 4 Total Area 1 Area 2 Area 3 Area 4 Total Area 1 Area 2 Area 3 Area 4 TotalShared Costs [1] Sewer Pump Station 26% 20% 18% 36%
Contingency 20%SubtotalSoft Cost 20%Subtotal Sewer Pump StationWater Well and Water Tank 29% 20% 21% 30%Contingency 20%SubtotalSoft Cost 20%Subtotal Water Well and TankIntersection LOS Improvements $811,042 $589,737 $559,742 $2,833,954 $4,794,475 Contingency $162,208 $117,947 $111,948 $566,791 $958,895Subtotal $973,250 $707,684 $671,691 $3,400,745 $5,753,370Soft Cost $194,650 $141,537 $134,338 $680,149 $1,150,674Subtotal Intersection LOS $1,167,900 $849,221 $806,029 $4,080,894 $6,904,044Total Shared Costs - - - - - $1,167,900 $849,221 $806,029 $4,080,894 $6,904,044 - - - - - Segment and Area Costs [2]
Area Costs - - - - $350,000 $350,000 - $350,000 $1,050,000 $863,213 $232,167 $782,712 $1,769,859 $3,647,951 $4,863,912 $2,753,917 $4,847,083 $8,054,999 $20,519,911 Segment 1 - 100% - - - $41,740 - - $41,740 - $1,807,655 - - $1,807,655 - - - - - Segment 2 50% - 50% - $49,540 - $49,540 - $99,080 $1,778,299 - $1,778,299 - $3,556,597 $36,343 - $36,343 - $72,686 Segment 3 100% - - - $81,230 - - - $81,230 $4,606,661 - - - $4,606,661 $3,384,851 - - - $3,384,851 Segment 4 100% - - - - - - - - $1,292,107 - - - $1,292,107 $53,812 - - - $53,812 Segment 5 100% - - - $192,960 - - - $192,960 $4,038,384 - - - $4,038,384 $152,660 - - - $152,660Segment 6 - 100% - - - - - - - - $5,512,388 - - $5,512,388 - $251,256 - - $251,256 Segment 7 - 50% - 50% - - - - - - $1,431,531 - $1,431,531 $2,863,062 - $25,141 - $25,141 $50,283 Segment 8 - - 50% 50% - - $21,820 $21,820 $43,640 - - $1,548,801 $1,548,801 $3,097,602 - - $34,107 $34,107 $68,214 Segment 9 - 50% 50% - - $31,210 $31,210 - $62,420 - $3,274,509 $3,274,509 - $6,549,019 - $76,123 $76,123 - $152,247 Segment 10 - - 100% - - - $134,110 - $134,110 - - $3,749,627 - $3,749,627 - - $112,376 - $112,376Segment 11 - - - 100% - - - - - - - - $5,214,604 $5,214,604 - - - $160,975 $160,975 Segment 12 - - - 100% - - - - - - - - $1,988,877 $1,988,877 - - - $96,516 $96,516 Segment 13 - - - 100% - - - - - - - - $2,468,267 $2,468,267 - - - $120,531 $120,531 Segment 14 - - - 100% - - - - - - - - $1,907,512 $1,907,512 - - - $97,680 $97,680 Subtotal $673,730 $422,950 $236,680 $371,820 $1,705,180 $12,578,664 $12,258,250 $11,133,947 $16,329,452 $52,300,313 $8,491,578 $3,106,438 $5,106,033 $8,589,949 $25,293,998Contingency 20% $134,746 $84,590 $47,336 $74,364 $341,036 $2,515,733 $2,451,650 $2,226,789 $3,265,890 $10,460,063 $1,698,316 $621,288 $1,021,207 $1,717,990 $5,058,800Subtotal with Contingency $808,476 $507,540 $284,016 $446,184 $2,046,216 $15,094,397 $14,709,900 $13,360,737 $19,595,342 $62,760,376 $10,189,894 $3,727,726 $6,127,239 $10,307,939 $30,352,798Soft Cost 20% $161,695 $101,508 $56,803 $89,237 $409,243 $3,018,879 $2,941,980 $2,672,147 $3,919,068 $12,552,075 $2,037,979 $745,545 $1,225,448 $2,061,588 $6,070,560Total Segment and Area Costs $970,171 $609,048 $340,819 $535,421 $2,455,459 $18,113,277 $17,651,880 $16,032,884 $23,514,410 $75,312,451 $12,227,873 $4,473,271 $7,352,687 $12,369,527 $36,423,357 Total Costs (Rounded) $970,171 $609,048 $340,819 $535,421 $2,455,459 $19,281,177 $18,501,101 $16,838,913 $27,595,304 $82,216,495 $12,227,873 $4,473,271 $7,352,687 $12,369,527 $36,423,358Source: NorthStar Engineering; EPS.[1] See Table D-6 for shared cost percentages by area. Total costs prepared by NorthStar Engineering. For each improvement type, costs by area calculated as percentage by area * total cost.[2] Segment and area cost percentages by area and total costs prepared by NorthStar Engineering.

Percentage by Area Non-Potable Water Costs by Area Transportation Costs by Area Parks Costs by Area Prepared by EPS 9/2/2025 Z:\Shared\Projects\SAC\222000\222100 Ceres Copper Trails Specific Plan\Models\222100 FP 9-2-25.xlsx

EXHIBIT B
ITEM 13
NorthStar Engineering Group, Inc.
620 12th Street
Modesto, CA 95354
Phone (209) 524-3525
Fax (209)524-3526
I. PROJECT CONSTRUCTION COST SUMMARY - TOTAL COST
A. Central Avenue from E. Service Road to Central Backbone Street $2,344,596.20 B. Central Avenue from Central Backbone Street to TID Lateral $4,170,086.45 C. Blaker Street from E. Service Road to TID Lateral $9,512,001.63 D. E. Service Road from Blaker Road to Existing High School Frontage $1,350,418.69 E. Western Backbone Street from Blaker Road to Central Avenue $5,286,700.55 F. E. Service Road from Central Avenue to Moffett Road $5,828,153.95 G. Moffett Road from E. Service Road to Central Backbone Street $3,551,664.56 H. Moffett Road from Central Backbone Street to E. Redwood Road $4,234,699.12 I. Central Backbone Street from Central Avenue to Moffett Road $7,887,471.73 J. E. Redwood Road from Central Avenue to Moffett Road $4,930,275.43 K. E. Redwood Road from Moffett Road to Mitchell Road $6,679,990.91 L. Mitchell Road from TID Lateral to Prairie Flower Road $2,236,147.32 M. Commercial Backbone Street #1 from Moffett Road to Prairie Flower Road $3,308,810.21 N. Commercial Backbone Street #2 from Prairie Flower Road to E. Redwood Road $2,581,455.73 O. West Infrastructure Improvements $7,921,943.01
P. North Infrastructure Improvements $3,683,789.08
Q. South Infrastructure Improvements $6,834,624.81
R. East Infrastructure Improvements $11,909,188.19
S. Shared Infrastructure Improvements $16,750,000.00
R. Intersection Improvements Level of Service Improvements $4,794,475.00 CONSTRUCTION SUB-TOTAL ===> $115,796,492.58
20% CONTINGENCY ===> $23,159,298.52
CONSTRUCTION TOTAL ===> $138,955,791.09
20% SOFT COST ===> $27,791,158.22
CONSTRUCTION GRAND TOTAL ===> $166,746,949.31
Copper Trails
Prepared Date - March 3, 2025
Engineer's Estimate of Probable Cost
Summary - Total Cost
Printed: 3/4/2025 Page 1 of 51
EXHIBIT B ITEM 13
Engineer's Estimate of Probable Cost
Total Cost Matrix
# DESCRIPTION

1. Central Avenue from E. Service Road to
Central Backbone Street - 100% $2,344,596.20 - -

2. Central Avenue from Central Backbone Street
to TID Lateral 50% $2,085,043.23 - 50% $2,085,043.23 -

3. Blaker Street from E. Service Road to TID
Lateral 100% $9,512,001.63 - - -

4. E. Service Road from Blaker Road to Existing
High School Frontage 100% $1,350,418.69 - - -

5. Western Backbone Street from Blaker Road to
Central Avenue 100% $5,286,700.55 - - -

6. E. Service Road from Central Avenue to
Moffett Road - 100% $5,828,153.95 - -

7. Moffett Road from E. Service Road to Central
Backbone Street - 50% $1,775,832.28 - 50% $1,775,832.28

8. Moffett Road from Central Backbone Street to
E. Redwood Road - - 50% $2,117,349.56 50% $2,117,349.56

9. Central Backbone Street from Central Avenue
to Moffett Road - 50% $3,943,735.86 50% $3,943,735.86 -

10. E. Redwood Road from Central Avenue to
Moffett Road - - 100% $4,930,275.43 -

11. E. Redwood Road from Moffett Road to
Mitchell Road - - - 100% $6,679,990.91

12. Mitchell Road from TID Lateral to Prairie
Flower Road - - - 100% $2,236,147.32

13. Commercial Backbone Street #1 from Moffett
Road to Prairie Flower Road - - - 100% $3,308,810.21

14. Commercial Backbone Street #2 from Prairie
Flower Road to E. Redwood Road - - - 100% $2,581,455.73 A1 West Infrastructure Improvements 100% $7,921,943.01 - - - A2 North Infrastructure Improvements - 100% $3,683,789.08 - - A3 South Infrastructure Improvements - - 100% $6,834,624.81 - A4 East Infrastructure Improvements - - - 100% $11,909,188.19 - Shared Infrastructure Improvements 25% $4,187,500.00 25% $4,187,500.00 25% $4,187,500.00 25% $4,187,500.00 -
Intersection Improvements Level of Service
Improvements 25% $1,198,618.75 25% $1,198,618.75 25% $1,198,618.75 25% $1,198,618.75 TOTAL COST ===>
20% CONTINGENCY ===>
CONSTRUCTION TOTAL ===>
20% SOFT COST ===>
CONSTRUCTION GRAND TOTAL ===>
$6,071,315.43 $8,638,774.31
$33,065,605.62 $36,427,892.59 $51,832,645.85
$37,850,671.04
$5,059,429.53 $7,198,978.59
$27,554,671.35 $30,356,577.16 $43,193,871.55
$7,570,134.21
$45,420,805.24
$4,592,445.22
$5,510,934.27
AREA 1 AREA 2 AREA 3 AREA 4
$31,542,225.86 $22,962,226.12 $25,297,147.64 $35,994,892.95 $6,308,445.17
Copper Trails
Prepared Date - March 3, 2025
Engineer's Estimate of Probable Cost
Segment and Area - Cost Matrix
Total Site Improvements
Printed: 3/4/2025 Page 2 of 51
EXHIBIT B ITEM 13
PHASING LEGEND SEGMENT 1 - CENTRAL AVE FROM E. SERVICE RD TO CENTRAL BACKBONE ST SEGMENT 2 - CENTRAL AVE FROM CENTRAL BACKBONE ST TO TID LATERAL SEGMENT 3 - BLAKER ST FROM E. SERVICE RD TO TID LATERAL SEGMENT 4 - E. SERVICE RD FROM BLAKER RD TO EXISTING HIGH SCHOOL FRONTAGE SEGMENT 5 - WESTERN BACKBONE ST FROM BLAKER RD TO CENTRAL AVE SEGMENT 6 - E. SERVICE RD FROM CENTRAL AVE TO MOFFETT RD SEGMENT 7 - MOFFETT RD FROM E. SERVICE RD TO CENTRAL BACKBONE ST SEGMENT 8 - MOFFETT RD FROM CENTRAL BACKBONE ST TO E. REDWOOD RD SEGMENT 9 - CENTRAL BACKBONE ST FROM CENTRAL AVE TO MOFFETT RD SEGMENT 10 - E. REDWOOD RD FROM CENTRAL AVE TO MOFFETT RD SEGMENT 11 - E. REDWOOD RD FROM MOFFETT RD TO MITCHELL RD SEGMENT 12 - MITCHELL RD FROM TID LATERAL TO PRAIRIE FLOWER RD SEGMENT 13 - COMMERCIAL BACKBONE ST #1 FROM MOFFETT RD TO PRAIRIE FLOWER RD SEGMENT 14 - COMMERCIAL BACKBONE ST #2 FROM PRAIRIE FLOWER RD TO E. REDWOOD RD EXISTING PUBLIC USAGE (NOT A PART) EXISTING ELEMENTARY SCHOOL EXISTING HIGH SCHOOL AND ELEMENTARY SCHOOL 6 1 5 11 7 910 3 4 2 8 13 14 12 E. SERVICE ROAD T.I.D. LATERAL

BLAKER ROAD

CENTRAL AVENUE

MOFFETT ROAD
MITCHELL ROAD T.I.D. LATERAL U.P.R.R. E. REDWOOD ROADPRAIRIE FLOWER ROAD HIGHWAY 99 CENTRAL BACKBONE STREET WESTERN BACKBONE STREET COMMERCIAL BACKBONE STREET #1 COMMERCIAL BACKBONE STREET #2 COPPER TRAILS CERES, CALIFORNIA 0 1" = 300 150 300 300' PRELIMINARY MASTER INFRASTRUCTURE AND COST ANALYSIS EX1.1 ROADWAY SEGMENTS

EXHIBIT B
ITEM 13
PHASING LEGEND AREA 1 - WEST INFRASTRUCTURE IMP. AREA 2 - NORTH INFRASTRUCTURE IMP. AREA 3 - SOUTH INFRASTRUCTURE IMP. AREA 4 - EAST INFRASTRUCTURE IMP. EXISTING ELEMENTARY SCHOOL EXISTING HIGH SCHOOL AND ELEMENTARY SCHOOL E. SERVICE ROAD T.I.D. LATERAL

BLAKER ROAD

CENTRAL AVENUE

MOFFETT ROAD
MITCHELL ROAD T.I.D. LATERAL U.P.R.R. E. REDWOOD ROADPRAIRIE FLOWER ROAD HIGHWAY 99 CENTRAL BACKBONE STREET WESTERN BACKBONE STREET COMMERCIAL BACKBONE STREET #1 COMMERCIAL A1 BACKBONE STREET #2 A3 A2 A4 PRELIMINARY MASTER INFRASTRUCTURE AND COST ANALYSIS COPPER TRAILS CERES, CALIFORNIA 0 1" = 300 150 300 300' EX2.1 DEVELOPMENT AREAS

EXHIBIT B
ITEM 13
EXISTING ELEMENTARY SCHOOL EXISTING HIGH SCHOOL AND ELEMENTARY SCHOOL E. SERVICE ROAD T.I.D. LATERAL

BLAKER ROAD

CENTRAL AVENUE

MOFFETT ROAD
MITCHELL ROAD T.I.D. LATERAL U.P.R.R. E. REDWOOD ROADPRAIRIE FLOWER ROAD HIGHWAY 99 CENTRAL BACKBONE STREET WESTERN BACKBONE STREET COMMERCIAL BACKBONE STREET #1 COMMERCIAL A1 BACKBONE STREET #2 RC 25.1 Ac RC 16.5 Ac RC 51.1 Ac MDR 8.9 Ac RC 14.7 Ac HDR 17.8 Ac LDR 17.0 Ac LDR 47.8 Ac LDR 15.5 Ac LDR 7.0 Ac CF-PSF 1.8 Ac HDR 13.0 Ac LDR 7.7 Ac LDR 10.7 Ac LDR 26.7 Ac LDR 47.2 Ac MHDR 7.7 Ac MHDR 9.1 Ac PARK/STRIP 2.2 Ac PARK 3.3 Ac MDR 7.0 Ac MDR 17.2 Ac PARK 3.8 Ac PARK 4.7 Ac PARK 5.0 AcCF-PSF 1.6 Ac PLAZA 2.0 Ac PARK 2.0 Ac A3 A2 A4 PRELIMINARY MASTER INFRASTRUCTURE AND COST ANALYSIS COPPER TRAILS CERES, CALIFORNIA 0 1" = 300 150 300 300' EX2.2 DEVELOPMENT AREAS LAND USE TABLE LAND USE LOW DENSITY RESIDENTIAL MEDIUM DENSITY RESIDENTIAL MEDIUM HIGH DENSITY RESIDENTIAL HIGH DENSITY RESIDENTIAL REGIONAL COMMERCIAL PARK OPEN SPACE PUBLIC USAGE EXISTING PUBLIC USAGE BACKBONE ROADS 73.9 AC 24.2 AC --- 13.7 AC - 56.2 AC 12.5 AC AREA - 1 TOTALS 180.5 AC AREA - 2 AREA - 3 AREA - 4 TOTALS 47.8 AC -- 17.8 AC - 7.1 AC -- 11.2 AC 83.9 AC 57.9 AC 8.9 AC 7.7 AC -- 6.2 AC - 17.9 AC 8.6 AC 107.2 AC -- 9.1 AC 13.0 AC 107.4 AC 16.2 AC 3.4 AC - 13.8 AC 162.9 AC 179.6 AC 33.1 AC 16.8 AC 30.8 AC 107.4 AC 43.2 AC 3.4 AC 74.1 AC 46.1 AC 534.5 AC

EXHIBIT B
ITEM 13
Engineer's Estimate of Probable Cost
Sanitary Sewer (Continued)
I. PROJECT CONSTRUCTION COST SUMMARY - SANITARY SEWER
A. Central Avenue from E. Service Road to Central Backbone Street $393,935.00 B. Central Avenue from Central Backbone Street to TID Lateral $205,939.00 C. Blaker Street from E. Service Road to TID Lateral $539,275.00 D. E. Service Road from Blaker Road to Existing High School Frontage $4,500.00 E. Western Backbone Street from Blaker Road to Central Avenue $192,112.00 F. E. Service Road from Central Avenue to Moffett Road $25,880.00 G. Moffett Road from E. Service Road to Central Backbone Street $136,590.00 H. Moffett Road from Central Backbone Street to E. Redwood Road $140,918.00 I. Central Backbone Street from Central Avenue to Moffett Road $147,600.00 J. E. Redwood Road from Central Avenue to Moffett Road $305,672.00 K. E. Redwood Road from Moffett Road to Mitchell Road $203,188.00 L. Mitchell Road from TID Lateral to Prairie Flower Road $0.00 M. Commercial Backbone Street #1 from Moffett Road to Prairie Flower Road $88,540.00 N. Commercial Backbone Street #2 from Prairie Flower Road to E. Redwood Road $66,440.00 O. West Infrastructure Improvements $61,580.00
P. North Infrastructure Improvements $0.00
Q. South Infrastructure Improvements $52,380.00
R. East Infrastructure Improvements $0.00
S. Shared Infrastructure Improvements $2,250,000.00
T. Intersection Improvements Level of Service Improvements $0.00 CONSTRUCTION SUB-TOTAL ===> $4,814,549.00
20% CONTINGENCY ===> $962,909.80
CONSTRUCTION TOTAL ===> $5,777,458.80
20% SOFT COST ===> $1,155,491.76
CONSTRUCTION GRAND TOTAL ===> $6,932,950.56
Copper Trails
Prepared Date - March 3, 2025
Engineer's Estimate of Probable Cost
Summary - Sanitary Sewer
Printed: 3/4/2025 Page 3 of 51
EXHIBIT B ITEM 13
Engineer's Estimate of Probable Cost
Storm Drainage (Continued)
I. PROJECT CONSTRUCTION COST SUMMARY - STORM DRAINAGE
A. Central Avenue from E. Service Road to Central Backbone Street $53,096.00 B. Central Avenue from Central Backbone Street to TID Lateral $110,856.00 C. Blaker Street from E. Service Road to TID Lateral $342,770.00 D. E. Service Road from Blaker Road to Existing High School Frontage $0.00 E. Western Backbone Street from Blaker Road to Central Avenue $440,440.00 F. E. Service Road from Central Avenue to Moffett Road $0.00 G. Moffett Road from E. Service Road to Central Backbone Street $256,930.00 H. Moffett Road from Central Backbone Street to E. Redwood Road $645,849.00 I. Central Backbone Street from Central Avenue to Moffett Road $593,204.00 J. E. Redwood Road from Central Avenue to Moffett Road $350,535.00 K. E. Redwood Road from Moffett Road to Mitchell Road $718,076.00 L. Mitchell Road from TID Lateral to Prairie Flower Road $0.00 M. Commercial Backbone Street #1 from Moffett Road to Prairie Flower Road $355,944.00 N. Commercial Backbone Street #2 from Prairie Flower Road to E. Redwood Road $161,380.00 O. West Infrastructure Improvements $1,444,550.00
P. North Infrastructure Improvements $347,705.00
Q. South Infrastructure Improvements $1,152,450.00
R. East Infrastructure Improvements $1,707,786.00
S. Shared Infrastructure Improvements $0.00
T. Intersection Improvements Level of Service Improvements $0.00 CONSTRUCTION SUB-TOTAL ===> $8,681,571.00
20% CONTINGENCY ===> $1,736,314.20
CONSTRUCTION TOTAL ===> $10,417,885.20
20% SOFT COST ===> $2,083,577.04
CONSTRUCTION GRAND TOTAL ===> $12,501,462.24
Copper Trails
Prepared Date - March 3, 2025
Engineer's Estimate of Probable Cost
Summary - Storm Drainage
Printed: 3/4/2025 Page 4 of 51
EXHIBIT B ITEM 13
Engineer's Estimate of Probable Cost
Water System (Continued)
I. PROJECT CONSTRUCTION COST SUMMARY - WATER SYSTEM
A. Central Avenue from E. Service Road to Central Backbone Street $48,170.00 B. Central Avenue from Central Backbone Street to TID Lateral $124,928.00 C. Blaker Street from E. Service Road to TID Lateral $557,214.00 D. E. Service Road from Blaker Road to Existing High School Frontage $0.00 E. Western Backbone Street from Blaker Road to Central Avenue $270,144.00 F. E. Service Road from Central Avenue to Moffett Road $38,630.00 G. Moffett Road from E. Service Road to Central Backbone Street $244,800.00 H. Moffett Road from Central Backbone Street to E. Redwood Road $238,476.00 I. Central Backbone Street from Central Avenue to Moffett Road $382,982.00 J. E. Redwood Road from Central Avenue to Moffett Road $277,956.00 K. E. Redwood Road from Moffett Road to Mitchell Road $383,148.00 L. Mitchell Road from TID Lateral to Prairie Flower Road $150,754.00 M. Commercial Backbone Street #1 from Moffett Road to Prairie Flower Road $275,528.00 N. Commercial Backbone Street #2 from Prairie Flower Road to E. Redwood Road $348,444.00 O. West Infrastructure Improvements $338,688.00
P. North Infrastructure Improvements $0.00
Q. South Infrastructure Improvements $0.00
R. East Infrastructure Improvements $26,544.00
S. Shared Infrastructure Improvements $14,500,000.00
T. Intersection Improvements Level of Service Improvements $0.00 CONSTRUCTION SUB-TOTAL ===> $18,206,406.00
20% CONTINGENCY ===> $3,641,281.20
CONSTRUCTION TOTAL ===> $21,847,687.20
20% SOFT COST ===> $4,369,537.44
CONSTRUCTION GRAND TOTAL ===> $26,217,224.64
Copper Trails
Prepared Date - March 3, 2025
Engineer's Estimate of Probable Cost
Summary - Water System
Printed: 3/4/2025 Page 5 of 51
EXHIBIT B ITEM 13
Engineer's Estimate of Probable Cost
Non-Potable Water (Continued)
I. PROJECT CONSTRUCTION COST SUMMARY - NON-POTABLE WATER A. Central Avenue from E. Service Road to Central Backbone Street $41,740.00 B. Central Avenue from Central Backbone Street to TID Lateral $99,080.00 C. Blaker Street from E. Service Road to TID Lateral $81,230.00 D. E. Service Road from Blaker Road to Existing High School Frontage $0.00 E. Western Backbone Street from Blaker Road to Central Avenue $192,960.00 F. E. Service Road from Central Avenue to Moffett Road $0.00 G. Moffett Road from E. Service Road to Central Backbone Street $0.00 H. Moffett Road from Central Backbone Street to E. Redwood Road $43,640.00 I. Central Backbone Street from Central Avenue to Moffett Road $62,420.00 J. E. Redwood Road from Central Avenue to Moffett Road $134,110.00 K. E. Redwood Road from Moffett Road to Mitchell Road $0.00 L. Mitchell Road from TID Lateral to Prairie Flower Road $0.00 M. Commercial Backbone Street #1 from Moffett Road to Prairie Flower Road $0.00 N. Commercial Backbone Street #2 from Prairie Flower Road to E. Redwood Road $0.00 O. West Infrastructure Improvements $350,000.00
P. North Infrastructure Improvements $350,000.00
Q. South Infrastructure Improvements $0.00
R. East Infrastructure Improvements $350,000.00
S. Shared Infrastructure Improvements $0.00
T. Intersection Improvements Level of Service Improvements $0.00 CONSTRUCTION SUB-TOTAL ===> $1,705,180.00
20% CONTINGENCY ===> $341,036.00
CONSTRUCTION TOTAL ===> $2,046,216.00
20% SOFT COST ===> $409,243.20
CONSTRUCTION GRAND TOTAL ===> $2,455,459.20
Copper Trails
Prepared Date - March 3, 2025
Engineer's Estimate of Probable Cost
Summary - Non-Potable Water
Printed: 3/4/2025 Page 6 of 51
EXHIBIT B ITEM 13
Engineer's Estimate of Probable Cost
Transportation (Continued)
I. PROJECT CONSTRUCTION COST SUMMARY - TRANSPORTATION
A. Central Avenue from E. Service Road to Central Backbone Street $1,807,655.20 B. Central Avenue from Central Backbone Street to TID Lateral $3,556,597.01 C. Blaker Street from E. Service Road to TID Lateral $4,606,661.39 D. E. Service Road from Blaker Road to Existing High School Frontage $1,292,106.85 E. Western Backbone Street from Blaker Road to Central Avenue $4,038,384.27 F. E. Service Road from Central Avenue to Moffett Road $5,512,387.95 G. Moffett Road from E. Service Road to Central Backbone Street $2,863,061.72 H. Moffett Road from Central Backbone Street to E. Redwood Road $3,097,601.76 I. Central Backbone Street from Central Avenue to Moffett Road $6,549,018.93 J. E. Redwood Road from Central Avenue to Moffett Road $3,749,626.67 K. E. Redwood Road from Moffett Road to Mitchell Road $5,214,603.63 L. Mitchell Road from TID Lateral to Prairie Flower Road $1,988,877.16 M. Commercial Backbone Street #1 from Moffett Road to Prairie Flower Road $2,468,267.41 N. Commercial Backbone Street #2 from Prairie Flower Road to E. Redwood Road $1,907,512.21 O. West Infrastructure Improvements $863,213.45
P. North Infrastructure Improvements $232,166.64
Q. South Infrastructure Improvements $782,711.83
R. East Infrastructure Improvements $1,769,859.41
S. Shared Infrastructure Improvements $0.00
T. Intersection Improvements Level of Service Improvements $4,794,475.00 CONSTRUCTION SUB-TOTAL ===> $57,094,788.50
20% CONTINGENCY ===> $11,418,957.70
CONSTRUCTION TOTAL ===> $68,513,746.19
20% SOFT COST ===> $13,702,749.24
CONSTRUCTION GRAND TOTAL ===> $82,216,495.43
Copper Trails
Prepared Date - March 3, 2025
Engineer's Estimate of Probable Cost
Summary - Transportation
Printed: 3/4/2025 Page 7 of 51
EXHIBIT B ITEM 13
Engineer's Estimate of Probable Cost
Parks (Continued)
I. PROJECT CONSTRUCTION COST SUMMARY - PARKS
A. Central Avenue from E. Service Road to Central Backbone Street $0.00 B. Central Avenue from Central Backbone Street to TID Lateral $72,686.44 C. Blaker Street from E. Service Road to TID Lateral $3,384,851.24 D. E. Service Road from Blaker Road to Existing High School Frontage $53,811.84 E. Western Backbone Street from Blaker Road to Central Avenue $152,660.28 F. E. Service Road from Central Avenue to Moffett Road $251,256.00 G. Moffett Road from E. Service Road to Central Backbone Street $50,282.84 H. Moffett Road from Central Backbone Street to E. Redwood Road $68,214.36 I. Central Backbone Street from Central Avenue to Moffett Road $152,246.80 J. E. Redwood Road from Central Avenue to Moffett Road $112,375.76 K. E. Redwood Road from Moffett Road to Mitchell Road $160,975.28 L. Mitchell Road from TID Lateral to Prairie Flower Road $96,516.16 M. Commercial Backbone Street #1 from Moffett Road to Prairie Flower Road $120,530.80 N. Commercial Backbone Street #2 from Prairie Flower Road to E. Redwood Road $97,679.52 O. West Infrastructure Improvements $4,863,911.56
P. North Infrastructure Improvements $2,753,917.44
Q. South Infrastructure Improvements $4,847,082.98
R. East Infrastructure Improvements $8,054,998.78
S. Shared Infrastructure Improvements $0.00
T. Intersection Improvements Level of Service Improvements $0.00 CONSTRUCTION SUB-TOTAL ===> $25,293,998.08
20% CONTINGENCY ===> $5,058,799.62
CONSTRUCTION TOTAL ===> $30,352,797.70
20% SOFT COST ===> $6,070,559.54
CONSTRUCTION GRAND TOTAL ===> $36,423,357.24
Copper Trails
Prepared Date - March 3, 2025
Engineer's Estimate of Probable Cost
Summary - Parks
Printed: 3/4/2025 Page 8 of 51
EXHIBIT B ITEM 13
Engineer's Estimate of Probable Cost
LOS
ITEM LOCATION DESCRIPTION QUANTITY CTSP% COST
I. INTERSECTION IMPROVEMENTS

1. El Camino Ave and SR 99 SB Off-Ramp Install Minor Traffic Signal 1 $500,000.00 EA 7.5% $37,500.00

1. El Camino Ave and SR 99 SB Off-Ramp Queu Modification 4 $25,000.00 EA 7.5% $7,500.00

3. El Camino Avenue and SR 99 NB Ramps/4th street Install Minor Traffic Signal 1 $500,000.00 EA 24.5% $122,500.00

3. El Camino Avenue and SR 99 NB Ramps/4th street Queu Modification 2 $25,000.00 EA 24.5% $12,250.00

5. Central Avenue and Don Pedro Road Queu Modification 1 $25,000.00 EA 60.4% $15,100.00

7. Crows Landing Road and Service Road Queu Modification 1 $25,000.00 EA 12.5% $3,125.00

8. Morgan Road and Service Road Modify Traffic Signal 1 $300,000.00 EA 17.2% $51,600.00

8. Morgan Road and Service Road Queu Modification 3 $25,000.00 EA 17.2% $12,900.00

10. Central Avenue and Service Road Modify Traffic Signal 1 $300,000.00 EA 100.0% $300,000.00

10. Central Avenue and Service Road Queu Modification 3 $25,000.00 EA 100.0% $75,000.00

11. Moffett Road and Service Road Modify Traffic Signal 1 $300,000.00 EA 100.0% $300,000.00

11. Moffett Road and Service Road Queu Modification 2 $25,000.00 EA 100.0% $50,000.00

11. Moffett Road and Service Road Pedestrian Improvements 4 $25,000.00 EA 100.0% $100,000.00

13. SR 99 SB Ramps and Service Road Install Major Traffic Signal 1 $700,000.00 EA 46.9% $328,300.00

13. SR 99 SB Ramps and Service Road Queu Modification 1 $25,000.00 EA 46.9% $11,725.00

14. SR 99 NB Ramps and Service Road Install Major Traffic Signal 1 $700,000.00 EA 39.6% $277,200.00

14. SR 99 NB Ramps and Service Road Queu Modification 1 $25,000.00 EA 39.6% $9,900.00

16. Mitchell Road and Service Road Modify Traffic Signal 1 $300,000.00 EA 20.0% $60,000.00

16. Mitchell Road and Service Road Queu Modification 8 $25,000.00 EA 20.0% $40,000.00

17. Mitchell Road and Rohde Road Modify Traffic Signal 1 $300,000.00 EA 0.5% $1,500.00

17. Mitchell Road and Rohde Road Queu Modification 3 $25,000.00 EA 0.5% $375.00

20. Moffett Road and Lucas Road Install Major Traffic Signal 1 $700,000.00 EA 100.0% $700,000.00

21. Central Avenue and School Driveway Modify Traffic Signal 1 $300,000.00 EA 100.0% $300,000.00

21. Central Avenue and School Driveway Queu Modification 1 $25,000.00 EA 100.0% $25,000.00

22. Moffett Road and Project Road Install Major Traffic Signal 1 $700,000.00 EA 100.0% $700,000.00

27. Central Avenue and E Redwood Road Install Minor Traffic Signal 1 $500,000.00 EA 100.0% $500,000.00

28. Moffett Road and E Redwood Road Install Minor Traffic Signal 1 $500,000.00 EA 100.0% $500,000.00

31. Central Avenue and E Keyes Road Install Minor Traffic Signal 1 $500,000.00 EA 11.5% $57,500.00

32. Prairie Flower Road and E Keyes Road Install Minor Traffic Signal 1 $500,000.00 EA 39.1% $195,500.00 SUB-TOTAL OF INTERSECTION IMPROVEMENTS ===> $4,794,475.00 CONSTRUCTION SUB-TOTAL ===> $4,794,475.00
20% CONTINGENCY ===> $958,895.00
CONSTRUCTION TOTAL ===> $5,753,370.00

UNIT COST
Copper Trails
Prepared Date - March 3, 2025
Engineer's Estimate of Probable Cost
Intersection Improvements Level of Service Improvements Shared Infrastructure Improvements
Printed: 3/4/2025 Page 9 of 51
EXHIBIT B ITEM 13
Engineer's Estimate of Probable Cost
Segment 1

ITEM DESCRIPTION QUANTITY COST
SS. SANITARY SEWER
SS-1 24" PVC - Sanitary Sewer 1,276 $204.00 LF $260,304.00 SS-2 18" PVC - Sanitary Sewer 359 $153.00 LF $54,927.00 SS-3 15" PVC - Sanitary Sewer $120.00 LF $0.00
SS-4 12" PVC - Sanitary Sewer $96.00 LF $0.00
SS-5 10" PVC - Sanitary Sewer 102 $75.00 LF $7,650.00
SS-6 8" PVC - Sanitary Sewer 159 $60.00 LF $9,540.00
SS-7 12" PVC - Sanitary Sewer Force Main 101 $114.00 LF $11,514.00 SS-8 48" - Sanitary Sewer Manhole 7 $6,500.00 EA $45,500.00 SS-9 Connect to Existing Sewer Manhole 1 $4,500.00 EA $4,500.00 SS-10 Sanitary Sewer Pump Station - Complete $2,250,000.00 LS $0.00 SUB-TOTAL OF SANITARY SEWER IMPROVEMENTS ===> $393,935.00 SD. STORM DRAINAGE
SD-1 72" RCP - Storm Drainage $504.00 LF $0.00
SD-2 60" RCP - Storm Drainage $420.00 LF $0.00
SD-3 54" RCP - Storm Drainage $351.00 LF $0.00
SD-4 48" RCP - Storm Drainage $312.00 LF $0.00
SD-5 42" RCP - Storm Drainage $210.00 LF $0.00
SD-6 36" RCP - Storm Drainage $180.00 LF $0.00
SD-7 30" RCP - Storm Drainage $135.00 LF $0.00
SD-8 24" RCP - Storm Drainage $108.00 LF $0.00
SD-9 18" RCP - Storm Drainage 668 $72.00 LF $48,096.00
SD-10 12" RCP - Storm Drainage $48.00 LF $0.00
SD-11 84" - Storm Drainage Manhole $9,000.00 EA $0.00
SD-12 60" - Storm Drainage Manhole $5,500.00 EA $0.00
SD-13 48" - Storm Drainage Manhole 1 $5,000.00 EA $5,000.00 SD-14 Storm Drainage Basin Outfall Structure $12,500.00 EA $0.00 SD-15 Storm Drainage Basin Inlet Structure $7,500.00 EA $0.00 SD-16 Storm Drain Lift Station and Outfall to TID Facility $850,000.00 EA $0.00 SUB-TOTAL OF STORM DRAINAGE IMPROVEMENTS ===> $53,096.00 WT. WATER SYSTEM
WT-1 16" PVC - Water $168.00 LF $0.00
WT-2 12" PVC - Water 295 $126.00 LF $37,170.00
WT-3 8" PVC - Water $84.00 LF $0.00
WT-4 16" Butterfly Valve $7,500.00 EA $0.00
WT-5 12" Butterfly Valve 1 $4,500.00 EA $4,500.00
WT-6 8" Gate Valve $2,800.00 EA $0.00
WT-7 Stub and Plug Proposed Water Line $4,000.00 EA $0.00 WT-8 Connect to Existing Water Line 1 $6,500.00 EA $6,500.00 WT-9 Water Well - Complete $4,000,000.00 LS $0.00
WT-9 Water Tank - Complete $10,500,000.00 LS $0.00
SUB-TOTAL OF WATER SYSTEM IMPROVEMENTS ===> $48,170.00
Copper Trails
Prepared Date - March 3, 2025
Engineer's Estimate of Probable Cost
Central Avenue from E. Service Road to Central Backbone Street

UNIT COST
Segment - 1
Printed: 3/4/2025 Page 10 of 51
EXHIBIT B ITEM 13
Engineer's Estimate of Probable Cost
Segment 1

ITEM DESCRIPTION QUANTITY UNIT COST COST
NP. NON-POTABLE WATER SYSTEM
NP-1 12" PVC - Non-Potable Water $90.00 LF $0.00
NP-2 8" PVC - Non-Potable Water 649 $60.00 LF $38,940.00 NP-3 12" Butterfly Valve Non-Potable $4,500.00 EA $0.00 NP-4 8" Gate Valve Non-Potable 1 $2,800.00 EA $2,800.00 NP-5 Stub and Plug Proposed Non-Potable Water $1,750.00 EA $0.00 NP-6 Landscape Irrigation Well $350,000.00 EA $0.00
SUB-TOTAL OF NON-POTABLE WATER IMPROVEMENTS ===> $41,740.00 TR. TRANSPORTATION
TR-1 Orchard Removal $500.00 AC $0.00
TR-2 Sawcut Existing Pavement 1,245 $4.00 LF $4,980.00
TR-3 Remove Existing Pavement 21,625 $1.50 SF $32,437.50 TR-4 Remove Existing Concrete $3.00 SF $0.00
TR-5 Remove Irrigation Structure $5,000.00 EA $0.00
TR-6 Remove Irrigation Structure Large $10,000.00 EA $0.00 TR-7 Remove Irrigation 422 $22.50 LF $9,495.00
TR-8 Remove Existing Building $40,000.00 EA $0.00
TR-9 Remove Existing Shed $5,000.00 EA $0.00
TR-10 Remove Existing Fence 167 $7.50 LF $1,252.50
TR-11 Remove Existing Tree $2,500.00 EA $0.00
TR-12 Joint Trench Mainline Extension 84 $500.00 LF $42,000.00 TR-13 Joint Trench Mainline Extension and Pole Removal 1,232 $625.00 LF $770,000.00 TR-14 Irrigation Realignment 1,256 $185.00 LF $232,360.00 TR-15 Irrigation Transition Structure 2 $95,000.00 EA $190,000.00 TR-16 Rough Grading 2,583 $5.50 CY $14,205.48
TR-17 Erosion Control Improvements 1.6 $2,750.00 AC $4,400.00 TR-18 Street Fine Grading 44,111 $0.65 SF $28,672.15
TR-19 6" Vertical Curb and Gutter 1,234 $22.50 LF $27,765.00 TR-20 8" Median Curb $25.00 LF $0.00
TR-21 6" PCC Concrete Walk (Includes Ramps and Returns) 6,063 $6.50 SF $39,409.50 TR-22 ADA Ramp (Labor and Truncated Domes Only) 2 $2,100.00 EA $4,200.00 TR-23 Mid-Block ADA Ramp (Labor and Truncated Domes Only) $1,200.00 EA $0.00 TR-24 4.0" AC over 16.0" AB Pavement 32,119 $5.75 SF $184,684.25 TR-25 Landscape w/ Irrigation (Streetscape) 5,929 $12.50 SF $74,112.50 TR-26 Landscape w/ Irrigation (Median) $12.50 SF $0.00
TR-27 8.00' Masonry Wall $232.50 LF $0.00
TR-28 MID Canal Masonry Wall and Fence $145.00 LF $0.00 TR-29 Right of Way Acquisition / Dedication 36,920 $4.00 SF $147,681.32 SUB-TOTAL OF TRANSPORTATION IMPROVEMENTS ===> $1,807,655.20 PK. PARKS
PK-1 Landscape w/ Irrigation (Basin) $6.50 SF $0.00
PK-2 Landscape w/ Irrigation (Park Area) $14.50 SF $0.00 PK-3 Landscape / Park Dedication $4.00 SF $0.00
SUB-TOTAL OF TRANSPORTATION IMPROVEMENTS ===> $0.00
CONSTRUCTION SUB-TOTAL ===> $2,344,596.20
20% CONTINGENCY ===> $468,919.24
CONSTRUCTION TOTAL ===> $2,813,515.44
Printed: 3/4/2025 Page 11 of 51
EXHIBIT B ITEM 13
Engineer's Estimate of Probable Cost
Segment 2

ITEM DESCRIPTION QUANTITY COST
SS. SANITARY SEWER
SS-1 24" PVC - Sanitary Sewer $204.00 LF $0.00
SS-2 18" PVC - Sanitary Sewer 1,183 $153.00 LF $180,999.00 SS-3 15" PVC - Sanitary Sewer $120.00 LF $0.00
SS-4 12" PVC - Sanitary Sewer $96.00 LF $0.00
SS-5 10" PVC - Sanitary Sewer $75.00 LF $0.00
SS-6 8" PVC - Sanitary Sewer 199 $60.00 LF $11,940.00
SS-7 12" PVC - Sanitary Sewer Force Main $114.00 LF $0.00 SS-8 48" - Sanitary Sewer Manhole 2 $6,500.00 EA $13,000.00 SS-9 Connect to Existing Sewer Manhole $4,500.00 EA $0.00 SS-10 Sanitary Sewer Pump Station - Complete $2,250,000.00 LS $0.00 SUB-TOTAL OF SANITARY SEWER IMPROVEMENTS ===> $205,939.00 SD. STORM DRAINAGE
SD-1 72" RCP - Storm Drainage $504.00 LF $0.00
SD-2 60" RCP - Storm Drainage $420.00 LF $0.00
SD-3 54" RCP - Storm Drainage $351.00 LF $0.00
SD-4 48" RCP - Storm Drainage $312.00 LF $0.00
SD-5 42" RCP - Storm Drainage $210.00 LF $0.00
SD-6 36" RCP - Storm Drainage $180.00 LF $0.00
SD-7 30" RCP - Storm Drainage $135.00 LF $0.00
SD-8 24" RCP - Storm Drainage $108.00 LF $0.00
SD-9 18" RCP - Storm Drainage 1,248 $72.00 LF $89,856.00 SD-10 12" RCP - Storm Drainage $48.00 LF $0.00
SD-11 84" - Storm Drainage Manhole $9,000.00 EA $0.00
SD-12 60" - Storm Drainage Manhole 2 $5,500.00 EA $11,000.00 SD-13 48" - Storm Drainage Manhole 2 $5,000.00 EA $10,000.00 SD-14 Storm Drainage Basin Outfall Structure $12,500.00 EA $0.00 SD-15 Storm Drainage Basin Inlet Structure $7,500.00 EA $0.00 SD-16 Storm Drain Lift Station and Outfall to TID Facility $850,000.00 EA $0.00 SUB-TOTAL OF STORM DRAINAGE IMPROVEMENTS ===> $110,856.00 WT. WATER SYSTEM
WT-1 16" PVC - Water $168.00 LF $0.00
WT-2 12" PVC - Water 678 $126.00 LF $85,428.00
WT-3 8" PVC - Water $84.00 LF $0.00
WT-4 16" Butterfly Valve $7,500.00 EA $0.00
WT-5 12" Butterfly Valve 5 $4,500.00 EA $22,500.00
WT-6 8" Gate Valve $2,800.00 EA $0.00
WT-7 Stub and Plug Proposed Water Line 1 $4,000.00 EA $4,000.00 WT-8 Connect to Existing Water Line 2 $6,500.00 EA $13,000.00 WT-9 Water Well - Complete $4,000,000.00 LS $0.00
WT-9 Water Tank - Complete $10,500,000.00 LS $0.00
SUB-TOTAL OF WATER SYSTEM IMPROVEMENTS ===> $124,928.00 Copper Trails
Prepared Date - March 3, 2025
Engineer's Estimate of Probable Cost
Central Avenue from Central Backbone Street to TID Lateral

UNIT COST
Segment - 2
Printed: 3/4/2025 Page 12 of 51
EXHIBIT B ITEM 13
Engineer's Estimate of Probable Cost
Segment 2

ITEM DESCRIPTION QUANTITY UNIT COST COST
NP. NON-POTABLE WATER SYSTEM
NP-1 12" PVC - Non-Potable Water 200 $90.00 LF $18,000.00 NP-2 8" PVC - Non-Potable Water 1,183 $60.00 LF $70,980.00 NP-3 12" Butterfly Valve Non-Potable 1 $4,500.00 EA $4,500.00 NP-4 8" Gate Valve Non-Potable 2 $2,800.00 EA $5,600.00 NP-5 Stub and Plug Proposed Non-Potable Water $1,750.00 EA $0.00 NP-6 Landscape Irrigation Well $350,000.00 EA $0.00
SUB-TOTAL OF NON-POTABLE WATER IMPROVEMENTS ===> $99,080.00 TR. TRANSPORTATION
TR-1 Orchard Removal $500.00 AC $0.00
TR-2 Sawcut Existing Pavement 67 $4.00 LF $268.00
TR-3 Remove Existing Pavement 54,384 $1.50 SF $81,576.00 TR-4 Remove Existing Concrete 1,880 $3.00 SF $5,640.00
TR-5 Remove Irrigation Structure $5,000.00 EA $0.00
TR-6 Remove Irrigation Structure Large $10,000.00 EA $0.00 TR-7 Remove Irrigation 468 $22.50 LF $10,530.00
TR-8 Remove Existing Building 8 $40,000.00 EA $320,000.00 TR-9 Remove Existing Shed 1 $5,000.00 EA $5,000.00
TR-10 Remove Existing Fence 2,974 $7.50 LF $22,305.00
TR-11 Remove Existing Tree 5 $2,500.00 EA $12,500.00
TR-12 Joint Trench Mainline Extension 84 $500.00 LF $42,000.00 TR-13 Joint Trench Mainline Extension and Pole Removal 1,379 $625.00 LF $861,875.00 TR-14 Irrigation Realignment $185.00 LF $0.00
TR-15 Irrigation Transition Structure $95,000.00 EA $0.00 TR-16 Rough Grading 6,236 $5.50 CY $34,296.37
TR-17 Erosion Control Improvements 3.9 $2,750.00 AC $10,725.00 TR-18 Street Fine Grading 163,787 $0.65 SF $106,461.55
TR-19 6" Vertical Curb and Gutter 2,602 $22.50 LF $58,545.00 TR-20 8" Median Curb 2,062 $25.00 LF $51,550.00
TR-21 6" PCC Concrete Walk (Includes Ramps and Returns) 12,774 $6.50 SF $83,031.00 TR-22 ADA Ramp (Labor and Truncated Domes Only) 4 $2,100.00 EA $8,400.00 TR-23 Mid-Block ADA Ramp (Labor and Truncated Domes Only) 1 $1,200.00 EA $1,200.00 TR-24 4.0" AC over 16.0" AB Pavement 114,093 $5.75 SF $656,034.75 TR-25 Landscape w/ Irrigation (Streetscape) 36,920 $12.50 SF $461,500.00 TR-26 Landscape w/ Irrigation (Median) 13,098 $12.50 SF $163,725.00 TR-27 8.00' Masonry Wall 1,165 $232.50 LF $270,862.50
TR-28 MID Canal Masonry Wall and Fence $145.00 LF $0.00 TR-29 Right of Way Acquisition / Dedication 72,143 $4.00 SF $288,571.84 SUB-TOTAL OF TRANSPORTATION IMPROVEMENTS ===> $3,556,597.01 PK. PARKS
PK-1 Landscape w/ Irrigation (Basin) $6.50 SF $0.00
PK-2 Landscape w/ Irrigation (Park Area) $14.50 SF $0.00 PK-3 Landscape / Park Dedication 18,172 $4.00 SF $72,686.44 SUB-TOTAL OF TRANSPORTATION IMPROVEMENTS ===> $72,686.44 CONSTRUCTION SUB-TOTAL ===> $4,170,086.45
20% CONTINGENCY ===> $834,017.29
CONSTRUCTION TOTAL ===> $5,004,103.74
Printed: 3/4/2025 Page 13 of 51
EXHIBIT B ITEM 13
Engineer's Estimate of Probable Cost
Segment 3

ITEM DESCRIPTION QUANTITY COST
SS. SANITARY SEWER
SS-1 24" PVC - Sanitary Sewer $204.00 LF $0.00
SS-2 18" PVC - Sanitary Sewer 3,099 $153.00 LF $474,147.00 SS-3 15" PVC - Sanitary Sewer $120.00 LF $0.00
SS-4 12" PVC - Sanitary Sewer 333 $96.00 LF $31,968.00
SS-5 10" PVC - Sanitary Sewer $75.00 LF $0.00
SS-6 8" PVC - Sanitary Sewer 336 $60.00 LF $20,160.00
SS-7 12" PVC - Sanitary Sewer Force Main $114.00 LF $0.00 SS-8 48" - Sanitary Sewer Manhole 2 $6,500.00 EA $13,000.00 SS-9 Connect to Existing Sewer Manhole $4,500.00 EA $0.00 SS-10 Sanitary Sewer Pump Station - Complete $2,250,000.00 LS $0.00 SUB-TOTAL OF SANITARY SEWER IMPROVEMENTS ===> $539,275.00 SD. STORM DRAINAGE
SD-1 72" RCP - Storm Drainage $504.00 LF $0.00
SD-2 60" RCP - Storm Drainage $420.00 LF $0.00
SD-3 54" RCP - Storm Drainage $351.00 LF $0.00
SD-4 48" RCP - Storm Drainage $312.00 LF $0.00
SD-5 42" RCP - Storm Drainage 1,537 $210.00 LF $322,770.00 SD-6 36" RCP - Storm Drainage $180.00 LF $0.00
SD-7 30" RCP - Storm Drainage $135.00 LF $0.00
SD-8 24" RCP - Storm Drainage $108.00 LF $0.00
SD-9 18" RCP - Storm Drainage $72.00 LF $0.00
SD-10 12" RCP - Storm Drainage $48.00 LF $0.00
SD-11 84" - Storm Drainage Manhole 1 $9,000.00 EA $9,000.00 SD-12 60" - Storm Drainage Manhole 2 $5,500.00 EA $11,000.00 SD-13 48" - Storm Drainage Manhole $5,000.00 EA $0.00
SD-14 Storm Drainage Basin Outfall Structure $12,500.00 EA $0.00 SD-15 Storm Drainage Basin Inlet Structure $7,500.00 EA $0.00 SD-16 Storm Drain Lift Station and Outfall to TID Facility $850,000.00 EA $0.00 SUB-TOTAL OF STORM DRAINAGE IMPROVEMENTS ===> $342,770.00 WT. WATER SYSTEM
WT-1 16" PVC - Water 2,787 $168.00 LF $468,216.00
WT-2 12" PVC - Water 373 $126.00 LF $46,998.00
WT-3 8" PVC - Water $84.00 LF $0.00
WT-4 16" Butterfly Valve 3 $7,500.00 EA $22,500.00
WT-5 12" Butterfly Valve 2 $4,500.00 EA $9,000.00
WT-6 8" Gate Valve $2,800.00 EA $0.00
WT-7 Stub and Plug Proposed Water Line 1 $4,000.00 EA $4,000.00 WT-8 Connect to Existing Water Line 1 $6,500.00 EA $6,500.00 WT-9 Water Well - Complete $4,000,000.00 LS $0.00
WT-9 Water Tank - Complete $10,500,000.00 LS $0.00
SUB-TOTAL OF WATER SYSTEM IMPROVEMENTS ===> $557,214.00 Copper Trails
Prepared Date - March 3, 2025
Engineer's Estimate of Probable Cost
Blaker Street from E. Service Road to TID Lateral

UNIT COST
Segment - 3
Printed: 3/4/2025 Page 14 of 51
EXHIBIT B ITEM 13
Engineer's Estimate of Probable Cost
Segment 3

ITEM DESCRIPTION QUANTITY UNIT COST COST
NP. NON-POTABLE WATER SYSTEM
NP-1 12" PVC - Non-Potable Water 358 $90.00 LF $32,220.00 NP-2 8" PVC - Non-Potable Water 666 $60.00 LF $39,960.00 NP-3 12" Butterfly Valve Non-Potable 1 $4,500.00 EA $4,500.00 NP-4 8" Gate Valve Non-Potable 1 $2,800.00 EA $2,800.00 NP-5 Stub and Plug Proposed Non-Potable Water 1 $1,750.00 EA $1,750.00 NP-6 Landscape Irrigation Well $350,000.00 EA $0.00
SUB-TOTAL OF NON-POTABLE WATER IMPROVEMENTS ===> $81,230.00 TR. TRANSPORTATION
TR-1 Orchard Removal 0.2 $500.00 AC $121.00
TR-2 Sawcut Existing Pavement 22 $4.00 LF $88.00
TR-3 Remove Existing Pavement 67,380 $1.50 SF $101,070.00 TR-4 Remove Existing Concrete 1,591 $3.00 SF $4,773.00
TR-5 Remove Irrigation Structure $5,000.00 EA $0.00
TR-6 Remove Irrigation Structure Large 1 $10,000.00 EA $10,000.00 TR-7 Remove Irrigation 1,572 $22.50 LF $35,370.00
TR-8 Remove Existing Building 3 $40,000.00 EA $120,000.00 TR-9 Remove Existing Shed 2 $5,000.00 EA $10,000.00
TR-10 Remove Existing Fence 1,382 $7.50 LF $10,365.00
TR-11 Remove Existing Tree 8 $2,500.00 EA $20,000.00
TR-12 Joint Trench Mainline Extension 70 $500.00 LF $35,000.00 TR-13 Joint Trench Mainline Extension and Pole Removal 3,090 $625.00 LF $1,931,250.00 TR-14 Irrigation Realignment 487 $185.00 LF $90,095.00
TR-15 Irrigation Transition Structure 2 $95,000.00 EA $190,000.00 TR-16 Rough Grading 13,084 $5.50 CY $71,959.35
TR-17 Erosion Control Improvements 8.1 $2,750.00 AC $22,275.00 TR-18 Street Fine Grading 176,951 $0.65 SF $115,018.15
TR-19 6" Vertical Curb and Gutter 6,255 $22.50 LF $140,737.50 TR-20 8" Median Curb $25.00 LF $0.00
TR-21 6" PCC Concrete Walk (Includes Ramps and Returns) 36,738 $6.50 SF $238,797.00 TR-22 ADA Ramp (Labor and Truncated Domes Only) 2 $2,100.00 EA $4,200.00 TR-23 Mid-Block ADA Ramp (Labor and Truncated Domes Only) $1,200.00 EA $0.00 TR-24 4.0" AC over 16.0" AB Pavement 107,561 $5.75 SF $618,475.75 TR-25 Landscape w/ Irrigation (Streetscape) 32,652 $12.50 SF $408,150.00 TR-26 Landscape w/ Irrigation (Median) $12.50 SF $0.00
TR-27 8.00' Masonry Wall 1,112 $232.50 LF $258,540.00
TR-28 MID Canal Masonry Wall and Fence $145.00 LF $0.00 TR-29 Right of Way Acquisition / Dedication 42,594 $4.00 SF $170,376.64 SUB-TOTAL OF TRANSPORTATION IMPROVEMENTS ===> $4,606,661.39 PK. PARKS
PK-1 Landscape w/ Irrigation (Basin) $6.50 SF $0.00
PK-2 Landscape w/ Irrigation (Park Area) 215,288 $14.50 SF $3,121,676.00 PK-3 Landscape / Park Dedication 65,794 $4.00 SF $263,175.24 SUB-TOTAL OF TRANSPORTATION IMPROVEMENTS ===> $3,384,851.24 CONSTRUCTION SUB-TOTAL ===> $9,512,001.63
20% CONTINGENCY ===> $1,902,400.33
CONSTRUCTION TOTAL ===> $11,414,401.96
Printed: 3/4/2025 Page 15 of 51
EXHIBIT B ITEM 13
Engineer's Estimate of Probable Cost
Segment 4

ITEM DESCRIPTION QUANTITY COST
SS. SANITARY SEWER
SS-1 24" PVC - Sanitary Sewer $204.00 LF $0.00
SS-2 18" PVC - Sanitary Sewer $153.00 LF $0.00
SS-3 15" PVC - Sanitary Sewer $120.00 LF $0.00
SS-4 12" PVC - Sanitary Sewer $96.00 LF $0.00
SS-5 10" PVC - Sanitary Sewer $75.00 LF $0.00
SS-6 8" PVC - Sanitary Sewer $60.00 LF $0.00
SS-7 12" PVC - Sanitary Sewer Force Main $114.00 LF $0.00 SS-8 48" - Sanitary Sewer Manhole $6,500.00 EA $0.00
SS-9 Connect to Existing Sewer Manhole 1 $4,500.00 EA $4,500.00 SS-10 Sanitary Sewer Pump Station - Complete $2,250,000.00 LS $0.00 SUB-TOTAL OF SANITARY SEWER IMPROVEMENTS ===> $4,500.00 SD. STORM DRAINAGE
SD-1 72" RCP - Storm Drainage $504.00 LF $0.00
SD-2 60" RCP - Storm Drainage $420.00 LF $0.00
SD-3 54" RCP - Storm Drainage $351.00 LF $0.00
SD-4 48" RCP - Storm Drainage $312.00 LF $0.00
SD-5 42" RCP - Storm Drainage $210.00 LF $0.00
SD-6 36" RCP - Storm Drainage $180.00 LF $0.00
SD-7 30" RCP - Storm Drainage $135.00 LF $0.00
SD-8 24" RCP - Storm Drainage $108.00 LF $0.00
SD-9 18" RCP - Storm Drainage $72.00 LF $0.00
SD-10 12" RCP - Storm Drainage $48.00 LF $0.00
SD-11 84" - Storm Drainage Manhole $9,000.00 EA $0.00
SD-12 60" - Storm Drainage Manhole $5,500.00 EA $0.00
SD-13 48" - Storm Drainage Manhole $5,000.00 EA $0.00
SD-14 Storm Drainage Basin Outfall Structure $12,500.00 EA $0.00 SD-15 Storm Drainage Basin Inlet Structure $7,500.00 EA $0.00 SD-16 Storm Drain Lift Station and Outfall to TID Facility $850,000.00 EA $0.00 SUB-TOTAL OF STORM DRAINAGE IMPROVEMENTS ===> $0.00
WT. WATER SYSTEM
WT-1 16" PVC - Water $168.00 LF $0.00
WT-2 12" PVC - Water $126.00 LF $0.00
WT-3 8" PVC - Water $84.00 LF $0.00
WT-4 16" Butterfly Valve $7,500.00 EA $0.00
WT-5 12" Butterfly Valve $4,500.00 EA $0.00
WT-6 8" Gate Valve $2,800.00 EA $0.00
WT-7 Stub and Plug Proposed Water Line $4,000.00 EA $0.00 WT-8 Connect to Existing Water Line $6,500.00 EA $0.00
WT-9 Water Well - Complete $4,000,000.00 LS $0.00
WT-9 Water Tank - Complete $10,500,000.00 LS $0.00
SUB-TOTAL OF WATER SYSTEM IMPROVEMENTS ===> $0.00
Copper Trails
Prepared Date - March 3, 2025
Engineer's Estimate of Probable Cost
E. Service Road from Blaker Road to Existing High School Frontage

UNIT COST
Segment - 4
Printed: 3/4/2025 Page 16 of 51
EXHIBIT B ITEM 13
Engineer's Estimate of Probable Cost
Segment 4

ITEM DESCRIPTION QUANTITY UNIT COST COST
NP. NON-POTABLE WATER SYSTEM
NP-1 12" PVC - Non-Potable Water $90.00 LF $0.00
NP-2 8" PVC - Non-Potable Water $60.00 LF $0.00
NP-3 12" Butterfly Valve Non-Potable $4,500.00 EA $0.00 NP-4 8" Gate Valve Non-Potable $2,800.00 EA $0.00
NP-5 Stub and Plug Proposed Non-Potable Water $1,750.00 EA $0.00 NP-6 Landscape Irrigation Well $350,000.00 EA $0.00
SUB-TOTAL OF NON-POTABLE WATER IMPROVEMENTS ===> $0.00
TR. TRANSPORTATION
TR-1 Orchard Removal $500.00 AC $0.00
TR-2 Sawcut Existing Pavement 739 $4.00 LF $2,956.00
TR-3 Remove Existing Pavement 2,924 $1.50 SF $4,386.00
TR-4 Remove Existing Concrete 186 $3.00 SF $558.00
TR-5 Remove Irrigation Structure $5,000.00 EA $0.00
TR-6 Remove Irrigation Structure Large $10,000.00 EA $0.00 TR-7 Remove Irrigation $22.50 LF $0.00
TR-8 Remove Existing Building 2 $40,000.00 EA $80,000.00 TR-9 Remove Existing Shed $5,000.00 EA $0.00
TR-10 Remove Existing Fence 337 $7.50 LF $2,527.50
TR-11 Remove Existing Tree $2,500.00 EA $0.00
TR-12 Joint Trench Mainline Extension $500.00 LF $0.00
TR-13 Joint Trench Mainline Extension and Pole Removal 722 $625.00 LF $451,250.00 TR-14 Irrigation Realignment $185.00 LF $0.00
TR-15 Irrigation Transition Structure $95,000.00 EA $0.00 TR-16 Rough Grading 2,463 $5.50 CY $13,545.48
TR-17 Erosion Control Improvements 1.5 $2,750.00 AC $4,125.00 TR-18 Street Fine Grading 54,229 $0.65 SF $35,248.85
TR-19 6" Vertical Curb and Gutter 647 $22.50 LF $14,557.50 TR-20 8" Median Curb $25.00 LF $0.00
TR-21 6" PCC Concrete Walk (Includes Ramps and Returns) 7,287 $6.50 SF $47,365.50 TR-22 ADA Ramp (Labor and Truncated Domes Only) 1 $2,100.00 EA $2,100.00 TR-23 Mid-Block ADA Ramp (Labor and Truncated Domes Only) $1,200.00 EA $0.00 TR-24 4.0" AC over 16.0" AB Pavement 20,016 $5.75 SF $115,092.00 TR-25 Landscape w/ Irrigation (Streetscape) 26,926 $12.50 SF $336,575.00 TR-26 Landscape w/ Irrigation (Median) $12.50 SF $0.00
TR-27 8.00' Masonry Wall 605 $232.50 LF $140,662.50
TR-28 MID Canal Masonry Wall and Fence $145.00 LF $0.00 TR-29 Right of Way Acquisition / Dedication 10,289 $4.00 SF $41,157.52 SUB-TOTAL OF TRANSPORTATION IMPROVEMENTS ===> $1,292,106.85 PK. PARKS
PK-1 Landscape w/ Irrigation (Basin) $6.50 SF $0.00
PK-2 Landscape w/ Irrigation (Park Area) $14.50 SF $0.00 PK-3 Landscape / Park Dedication 13,453 $4.00 SF $53,811.84 SUB-TOTAL OF TRANSPORTATION IMPROVEMENTS ===> $53,811.84 CONSTRUCTION SUB-TOTAL ===> $1,350,418.69
20% CONTINGENCY ===> $270,083.74
CONSTRUCTION TOTAL ===> $1,620,502.43
Printed: 3/4/2025 Page 17 of 51
EXHIBIT B ITEM 13
Engineer's Estimate of Probable Cost
Segment 5

ITEM DESCRIPTION QUANTITY COST
SS. SANITARY SEWER
SS-1 24" PVC - Sanitary Sewer $204.00 LF $0.00
SS-2 18" PVC - Sanitary Sewer $153.00 LF $0.00
SS-3 15" PVC - Sanitary Sewer $120.00 LF $0.00
SS-4 12" PVC - Sanitary Sewer 1,567 $96.00 LF $150,432.00 SS-5 10" PVC - Sanitary Sewer $75.00 LF $0.00
SS-6 8" PVC - Sanitary Sewer 478 $60.00 LF $28,680.00
SS-7 12" PVC - Sanitary Sewer Force Main $114.00 LF $0.00 SS-8 48" - Sanitary Sewer Manhole 2 $6,500.00 EA $13,000.00 SS-9 Connect to Existing Sewer Manhole $4,500.00 EA $0.00 SS-10 Sanitary Sewer Pump Station - Complete $2,250,000.00 LS $0.00 SUB-TOTAL OF SANITARY SEWER IMPROVEMENTS ===> $192,112.00 SD. STORM DRAINAGE
SD-1 72" RCP - Storm Drainage $504.00 LF $0.00
SD-2 60" RCP - Storm Drainage $420.00 LF $0.00
SD-3 54" RCP - Storm Drainage $351.00 LF $0.00
SD-4 48" RCP - Storm Drainage $312.00 LF $0.00
SD-5 42" RCP - Storm Drainage 998 $210.00 LF $209,580.00 SD-6 36" RCP - Storm Drainage 1,202 $180.00 LF $216,360.00 SD-7 30" RCP - Storm Drainage $135.00 LF $0.00
SD-8 24" RCP - Storm Drainage $108.00 LF $0.00
SD-9 18" RCP - Storm Drainage $72.00 LF $0.00
SD-10 12" RCP - Storm Drainage $48.00 LF $0.00
SD-11 84" - Storm Drainage Manhole 1 $9,000.00 EA $9,000.00 SD-12 60" - Storm Drainage Manhole 1 $5,500.00 EA $5,500.00 SD-13 48" - Storm Drainage Manhole $5,000.00 EA $0.00
SD-14 Storm Drainage Basin Outfall Structure $12,500.00 EA $0.00 SD-15 Storm Drainage Basin Inlet Structure $7,500.00 EA $0.00 SD-16 Storm Drain Lift Station and Outfall to TID Facility $850,000.00 EA $0.00 SUB-TOTAL OF STORM DRAINAGE IMPROVEMENTS ===> $440,440.00 WT. WATER SYSTEM
WT-1 16" PVC - Water $168.00 LF $0.00
WT-2 12" PVC - Water 2,144 $126.00 LF $270,144.00
WT-3 8" PVC - Water $84.00 LF $0.00
WT-4 16" Butterfly Valve $7,500.00 EA $0.00
WT-5 12" Butterfly Valve $4,500.00 EA $0.00
WT-6 8" Gate Valve $2,800.00 EA $0.00
WT-7 Stub and Plug Proposed Water Line $4,000.00 EA $0.00 WT-8 Connect to Existing Water Line $6,500.00 EA $0.00
WT-9 Water Well - Complete $4,000,000.00 LS $0.00
WT-9 Water Tank - Complete $10,500,000.00 LS $0.00
SUB-TOTAL OF WATER SYSTEM IMPROVEMENTS ===> $270,144.00 Copper Trails
Prepared Date - March 3, 2025
Engineer's Estimate of Probable Cost
Western Backbone Street from Blaker Road to Central Avenue

UNIT COST
Segment - 5
Printed: 3/4/2025 Page 18 of 51
EXHIBIT B ITEM 13
Engineer's Estimate of Probable Cost
Segment 5

ITEM DESCRIPTION QUANTITY UNIT COST COST
NP. NON-POTABLE WATER SYSTEM
NP-1 12" PVC - Non-Potable Water 2,144 $90.00 LF $192,960.00 NP-2 8" PVC - Non-Potable Water $60.00 LF $0.00
NP-3 12" Butterfly Valve Non-Potable $4,500.00 EA $0.00 NP-4 8" Gate Valve Non-Potable $2,800.00 EA $0.00
NP-5 Stub and Plug Proposed Non-Potable Water $1,750.00 EA $0.00 NP-6 Landscape Irrigation Well $350,000.00 EA $0.00
SUB-TOTAL OF NON-POTABLE WATER IMPROVEMENTS ===> $192,960.00 TR. TRANSPORTATION
TR-1 Orchard Removal 1.3 $500.00 AC $667.20
TR-2 Sawcut Existing Pavement $4.00 LF $0.00
TR-3 Remove Existing Pavement $1.50 SF $0.00
TR-4 Remove Existing Concrete 1,419 $3.00 SF $4,257.00
TR-5 Remove Irrigation Structure 16 $5,000.00 EA $80,000.00 TR-6 Remove Irrigation Structure Large 3 $10,000.00 EA $30,000.00 TR-7 Remove Irrigation 1,319 $22.50 LF $29,677.50
TR-8 Remove Existing Building 1 $40,000.00 EA $40,000.00 TR-9 Remove Existing Shed 4 $5,000.00 EA $20,000.00
TR-10 Remove Existing Fence 634 $7.50 LF $4,755.00
TR-11 Remove Existing Tree 3 $2,500.00 EA $7,500.00
TR-12 Joint Trench Mainline Extension 2,519 $500.00 LF $1,259,500.00 TR-13 Joint Trench Mainline Extension and Pole Removal $625.00 LF $0.00 TR-14 Irrigation Realignment $185.00 LF $0.00
TR-15 Irrigation Transition Structure $95,000.00 EA $0.00 TR-16 Rough Grading 7,476 $5.50 CY $41,120.44
TR-17 Erosion Control Improvements 4.6 $2,750.00 AC $12,650.00 TR-18 Street Fine Grading 191,136 $0.65 SF $124,238.40
TR-19 6" Vertical Curb and Gutter 5,038 $22.50 LF $113,355.00 TR-20 8" Median Curb $25.00 LF $0.00
TR-21 6" PCC Concrete Walk (Includes Ramps and Returns) 25,189 $6.50 SF $163,728.50 TR-22 ADA Ramp (Labor and Truncated Domes Only) $2,100.00 EA $0.00 TR-23 Mid-Block ADA Ramp (Labor and Truncated Domes Only) $1,200.00 EA $0.00 TR-24 4.0" AC over 16.0" AB Pavement 88,161 $5.75 SF $506,925.75 TR-25 Landscape w/ Irrigation (Streetscape) 77,786 $12.50 SF $972,325.00 TR-26 Landscape w/ Irrigation (Median) $12.50 SF $0.00
TR-27 8.00' Masonry Wall $232.50 LF $0.00
TR-28 MID Canal Masonry Wall and Fence $145.00 LF $0.00 TR-29 Right of Way Acquisition / Dedication 156,921 $4.00 SF $627,684.48 SUB-TOTAL OF TRANSPORTATION IMPROVEMENTS ===> $4,038,384.27 PK. PARKS
PK-1 Landscape w/ Irrigation (Basin) $6.50 SF $0.00
PK-2 Landscape w/ Irrigation (Park Area) $14.50 SF $0.00 PK-3 Landscape / Park Dedication 38,165 $4.00 SF $152,660.28 SUB-TOTAL OF TRANSPORTATION IMPROVEMENTS ===> $152,660.28 CONSTRUCTION SUB-TOTAL ===> $5,286,700.55
20% CONTINGENCY ===> $1,057,340.11
CONSTRUCTION TOTAL ===> $6,344,040.67
Printed: 3/4/2025 Page 19 of 51
EXHIBIT B ITEM 13
Engineer's Estimate of Probable Cost
Segment 6

ITEM DESCRIPTION QUANTITY COST
SS. SANITARY SEWER
SS-1 24" PVC - Sanitary Sewer $204.00 LF $0.00
SS-2 18" PVC - Sanitary Sewer $153.00 LF $0.00
SS-3 15" PVC - Sanitary Sewer $120.00 LF $0.00
SS-4 12" PVC - Sanitary Sewer $96.00 LF $0.00
SS-5 10" PVC - Sanitary Sewer $75.00 LF $0.00
SS-6 8" PVC - Sanitary Sewer 248 $60.00 LF $14,880.00
SS-7 12" PVC - Sanitary Sewer Force Main $114.00 LF $0.00 SS-8 48" - Sanitary Sewer Manhole 1 $6,500.00 EA $6,500.00 SS-9 Connect to Existing Sewer Manhole 1 $4,500.00 EA $4,500.00 SS-10 Sanitary Sewer Pump Station - Complete $2,250,000.00 LS $0.00 SUB-TOTAL OF SANITARY SEWER IMPROVEMENTS ===> $25,880.00 SD. STORM DRAINAGE
SD-1 72" RCP - Storm Drainage $504.00 LF $0.00
SD-2 60" RCP - Storm Drainage $420.00 LF $0.00
SD-3 54" RCP - Storm Drainage $351.00 LF $0.00
SD-4 48" RCP - Storm Drainage $312.00 LF $0.00
SD-5 42" RCP - Storm Drainage $210.00 LF $0.00
SD-6 36" RCP - Storm Drainage $180.00 LF $0.00
SD-7 30" RCP - Storm Drainage $135.00 LF $0.00
SD-8 24" RCP - Storm Drainage $108.00 LF $0.00
SD-9 18" RCP - Storm Drainage $72.00 LF $0.00
SD-10 12" RCP - Storm Drainage $48.00 LF $0.00
SD-11 84" - Storm Drainage Manhole $9,000.00 EA $0.00
SD-12 60" - Storm Drainage Manhole $5,500.00 EA $0.00
SD-13 48" - Storm Drainage Manhole $5,000.00 EA $0.00
SD-14 Storm Drainage Basin Outfall Structure $12,500.00 EA $0.00 SD-15 Storm Drainage Basin Inlet Structure $7,500.00 EA $0.00 SD-16 Storm Drain Lift Station and Outfall to TID Facility $850,000.00 EA $0.00 SUB-TOTAL OF STORM DRAINAGE IMPROVEMENTS ===> $0.00
WT. WATER SYSTEM
WT-1 16" PVC - Water $168.00 LF $0.00
WT-2 12" PVC - Water 255 $126.00 LF $32,130.00
WT-3 8" PVC - Water $84.00 LF $0.00
WT-4 16" Butterfly Valve $7,500.00 EA $0.00
WT-5 12" Butterfly Valve $4,500.00 EA $0.00
WT-6 8" Gate Valve $2,800.00 EA $0.00
WT-7 Stub and Plug Proposed Water Line $4,000.00 EA $0.00 WT-8 Connect to Existing Water Line 1 $6,500.00 EA $6,500.00 WT-9 Water Well - Complete $4,000,000.00 LS $0.00
WT-9 Water Tank - Complete $10,500,000.00 LS $0.00
SUB-TOTAL OF WATER SYSTEM IMPROVEMENTS ===> $38,630.00
Copper Trails
Prepared Date - March 3, 2025
Engineer's Estimate of Probable Cost
E. Service Road from Central Avenue to Moffett Road

UNIT COST
Segment - 6
Printed: 3/4/2025 Page 20 of 51
EXHIBIT B ITEM 13
Engineer's Estimate of Probable Cost
Segment 6

ITEM DESCRIPTION QUANTITY UNIT COST COST
NP. NON-POTABLE WATER SYSTEM
NP-1 12" PVC - Non-Potable Water $90.00 LF $0.00
NP-2 8" PVC - Non-Potable Water $60.00 LF $0.00
NP-3 12" Butterfly Valve Non-Potable $4,500.00 EA $0.00 NP-4 8" Gate Valve Non-Potable $2,800.00 EA $0.00
NP-5 Stub and Plug Proposed Non-Potable Water $1,750.00 EA $0.00 NP-6 Landscape Irrigation Well $350,000.00 EA $0.00
SUB-TOTAL OF NON-POTABLE WATER IMPROVEMENTS ===> $0.00
TR. TRANSPORTATION
TR-1 Orchard Removal 1.8 $500.00 AC $901.25
TR-2 Sawcut Existing Pavement 172 $4.00 LF $688.00
TR-3 Remove Existing Pavement 81,712 $1.50 SF $122,568.00 TR-4 Remove Existing Concrete 1,224 $3.00 SF $3,672.00
TR-5 Remove Irrigation Structure 1 $5,000.00 EA $5,000.00 TR-6 Remove Irrigation Structure Large $10,000.00 EA $0.00 TR-7 Remove Irrigation 44 $22.50 LF $990.00
TR-8 Remove Existing Building 2 $40,000.00 EA $80,000.00 TR-9 Remove Existing Shed $5,000.00 EA $0.00
TR-10 Remove Existing Fence 1,247 $7.50 LF $9,352.50
TR-11 Remove Existing Tree 4 $2,500.00 EA $10,000.00
TR-12 Joint Trench Mainline Extension $500.00 LF $0.00
TR-13 Joint Trench Mainline Extension and Pole Removal 2,012 $625.00 LF $1,257,500.00 TR-14 Irrigation Realignment 462 $185.00 LF $85,470.00
TR-15 Irrigation Transition Structure 2 $95,000.00 EA $190,000.00 TR-16 Rough Grading 7,755 $5.50 CY $42,654.33
TR-17 Erosion Control Improvements 4.8 $2,750.00 AC $13,200.00 TR-18 Street Fine Grading 289,381 $0.65 SF $188,097.65
TR-19 6" Vertical Curb and Gutter 3,802 $22.50 LF $85,545.00 TR-20 8" Median Curb $25.00 LF $0.00
TR-21 6" PCC Concrete Walk (Includes Ramps and Returns) 28,925 $6.50 SF $188,012.50 TR-22 ADA Ramp (Labor and Truncated Domes Only) 1 $2,100.00 EA $2,100.00 TR-23 Mid-Block ADA Ramp (Labor and Truncated Domes Only) $1,200.00 EA $0.00 TR-24 4.0" AC over 16.0" AB Pavement 158,460 $5.75 SF $911,145.00 TR-25 Landscape w/ Irrigation (Streetscape) 101,996 $12.50 SF $1,274,950.00 TR-26 Landscape w/ Irrigation (Median) $12.50 SF $0.00
TR-27 8.00' Masonry Wall 2,560 $232.50 LF $595,200.00
TR-28 MID Canal Masonry Wall and Fence $145.00 LF $0.00 TR-29 Right of Way Acquisition / Dedication 111,335 $4.00 SF $445,341.72 SUB-TOTAL OF TRANSPORTATION IMPROVEMENTS ===> $5,512,387.95 PK. PARKS
PK-1 Landscape w/ Irrigation (Basin) $6.50 SF $0.00
PK-2 Landscape w/ Irrigation (Park Area) $14.50 SF $0.00 PK-3 Landscape / Park Dedication 62,814 $4.00 SF $251,256.00 SUB-TOTAL OF TRANSPORTATION IMPROVEMENTS ===> $251,256.00 CONSTRUCTION SUB-TOTAL ===> $5,828,153.95
20% CONTINGENCY ===> $1,165,630.79
CONSTRUCTION TOTAL ===> $6,993,784.74
Printed: 3/4/2025 Page 21 of 51
EXHIBIT B ITEM 13
Engineer's Estimate of Probable Cost
Segment 7

ITEM DESCRIPTION QUANTITY COST
SS. SANITARY SEWER
SS-1 24" PVC - Sanitary Sewer $204.00 LF $0.00
SS-2 18" PVC - Sanitary Sewer $153.00 LF $0.00
SS-3 15" PVC - Sanitary Sewer $120.00 LF $0.00
SS-4 12" PVC - Sanitary Sewer $96.00 LF $0.00
SS-5 10" PVC - Sanitary Sewer 138 $75.00 LF $10,350.00
SS-6 8" PVC - Sanitary Sewer 1,779 $60.00 LF $106,740.00 SS-7 12" PVC - Sanitary Sewer Force Main $114.00 LF $0.00 SS-8 48" - Sanitary Sewer Manhole 3 $6,500.00 EA $19,500.00 SS-9 Connect to Existing Sewer Manhole $4,500.00 EA $0.00 SS-10 Sanitary Sewer Pump Station - Complete $2,250,000.00 LS $0.00 SUB-TOTAL OF SANITARY SEWER IMPROVEMENTS ===> $136,590.00 SD. STORM DRAINAGE
SD-1 72" RCP - Storm Drainage $504.00 LF $0.00
SD-2 60" RCP - Storm Drainage $420.00 LF $0.00
SD-3 54" RCP - Storm Drainage 138 $351.00 LF $48,438.00 SD-4 48" RCP - Storm Drainage 331 $312.00 LF $103,272.00 SD-5 42" RCP - Storm Drainage 432 $210.00 LF $90,720.00 SD-6 36" RCP - Storm Drainage $180.00 LF $0.00
SD-7 30" RCP - Storm Drainage $135.00 LF $0.00
SD-8 24" RCP - Storm Drainage $108.00 LF $0.00
SD-9 18" RCP - Storm Drainage $72.00 LF $0.00
SD-10 12" RCP - Storm Drainage $48.00 LF $0.00
SD-11 84" - Storm Drainage Manhole 1 $9,000.00 EA $9,000.00 SD-12 60" - Storm Drainage Manhole 1 $5,500.00 EA $5,500.00 SD-13 48" - Storm Drainage Manhole $5,000.00 EA $0.00
SD-14 Storm Drainage Basin Outfall Structure $12,500.00 EA $0.00 SD-15 Storm Drainage Basin Inlet Structure $7,500.00 EA $0.00 SD-16 Storm Drain Lift Station and Outfall to TID Facility $850,000.00 EA $0.00 SUB-TOTAL OF STORM DRAINAGE IMPROVEMENTS ===> $256,930.00 WT. WATER SYSTEM
WT-1 16" PVC - Water $168.00 LF $0.00
WT-2 12" PVC - Water 1,800 $126.00 LF $226,800.00
WT-3 8" PVC - Water $84.00 LF $0.00
WT-4 16" Butterfly Valve $7,500.00 EA $0.00
WT-5 12" Butterfly Valve 4 $4,500.00 EA $18,000.00
WT-6 8" Gate Valve $2,800.00 EA $0.00
WT-7 Stub and Plug Proposed Water Line $4,000.00 EA $0.00 WT-8 Connect to Existing Water Line $6,500.00 EA $0.00
WT-9 Water Well - Complete $4,000,000.00 LS $0.00
WT-9 Water Tank - Complete $10,500,000.00 LS $0.00
SUB-TOTAL OF WATER SYSTEM IMPROVEMENTS ===> $244,800.00 Copper Trails
Prepared Date - March 3, 2025
Engineer's Estimate of Probable Cost
Moffett Road from E. Service Road to Central Backbone Street

UNIT COST
Segment - 7
Printed: 3/4/2025 Page 22 of 51
EXHIBIT B ITEM 13
Engineer's Estimate of Probable Cost
Segment 7

ITEM DESCRIPTION QUANTITY UNIT COST COST
NP. NON-POTABLE WATER SYSTEM
NP-1 12" PVC - Non-Potable Water $90.00 LF $0.00
NP-2 8" PVC - Non-Potable Water $60.00 LF $0.00
NP-3 12" Butterfly Valve Non-Potable $4,500.00 EA $0.00 NP-4 8" Gate Valve Non-Potable $2,800.00 EA $0.00
NP-5 Stub and Plug Proposed Non-Potable Water $1,750.00 EA $0.00 NP-6 Landscape Irrigation Well $350,000.00 EA $0.00
SUB-TOTAL OF NON-POTABLE WATER IMPROVEMENTS ===> $0.00
TR. TRANSPORTATION
TR-1 Orchard Removal 1.8 $500.00 AC $915.22
TR-2 Sawcut Existing Pavement 117 $4.00 LF $468.00
TR-3 Remove Existing Pavement 22,082 $1.50 SF $33,123.00 TR-4 Remove Existing Concrete 58 $3.00 SF $174.00
TR-5 Remove Irrigation Structure 8 $5,000.00 EA $40,000.00 TR-6 Remove Irrigation Structure Large 3 $10,000.00 EA $30,000.00 TR-7 Remove Irrigation 1,260 $22.50 LF $28,350.00
TR-8 Remove Existing Building 1 $40,000.00 EA $40,000.00 TR-9 Remove Existing Shed $5,000.00 EA $0.00
TR-10 Remove Existing Fence 288 $7.50 LF $2,160.00
TR-11 Remove Existing Tree $2,500.00 EA $0.00
TR-12 Joint Trench Mainline Extension 140 $500.00 LF $70,000.00 TR-13 Joint Trench Mainline Extension and Pole Removal 1,202 $625.00 LF $751,250.00 TR-14 Irrigation Realignment 827 $185.00 LF $152,995.00 TR-15 Irrigation Transition Structure 1 $95,000.00 EA $95,000.00 TR-16 Rough Grading 3,715 $5.50 CY $20,434.54
TR-17 Erosion Control Improvements 2.3 $2,750.00 AC $6,325.00 TR-18 Street Fine Grading 99,947 $0.65 SF $64,965.55
TR-19 6" Vertical Curb and Gutter 2,093 $22.50 LF $47,092.50 TR-20 8" Median Curb 1,595 $25.00 LF $39,875.00
TR-21 6" PCC Concrete Walk (Includes Ramps and Returns) 10,284 $6.50 SF $66,846.00 TR-22 ADA Ramp (Labor and Truncated Domes Only) 2 $2,100.00 EA $4,200.00 TR-23 Mid-Block ADA Ramp (Labor and Truncated Domes Only) $1,200.00 EA $0.00 TR-24 4.0" AC over 16.0" AB Pavement 63,181 $5.75 SF $363,290.75 TR-25 Landscape w/ Irrigation (Streetscape) 26,482 $12.50 SF $331,025.00 TR-26 Landscape w/ Irrigation (Median) 10,216 $12.50 SF $127,700.00 TR-27 8.00' Masonry Wall 808 $232.50 LF $187,860.00
TR-28 MID Canal Masonry Wall and Fence $145.00 LF $0.00 TR-29 Right of Way Acquisition / Dedication 89,753 $4.00 SF $359,012.16 SUB-TOTAL OF TRANSPORTATION IMPROVEMENTS ===> $2,863,061.72 PK. PARKS
PK-1 Landscape w/ Irrigation (Basin) $6.50 SF $0.00
PK-2 Landscape w/ Irrigation (Park Area) $14.50 SF $0.00 PK-3 Landscape / Park Dedication 12,571 $4.00 SF $50,282.84 SUB-TOTAL OF TRANSPORTATION IMPROVEMENTS ===> $50,282.84 CONSTRUCTION SUB-TOTAL ===> $3,551,664.56
20% CONTINGENCY ===> $710,332.91
CONSTRUCTION TOTAL ===> $4,261,997.47
Printed: 3/4/2025 Page 23 of 51
EXHIBIT B ITEM 13
Engineer's Estimate of Probable Cost
Segment 8

ITEM DESCRIPTION QUANTITY COST
SS. SANITARY SEWER
SS-1 24" PVC - Sanitary Sewer $204.00 LF $0.00
SS-2 18" PVC - Sanitary Sewer $153.00 LF $0.00
SS-3 15" PVC - Sanitary Sewer 164 $120.00 LF $19,680.00 SS-4 12" PVC - Sanitary Sewer 328 $96.00 LF $31,488.00
SS-5 10" PVC - Sanitary Sewer 1,110 $75.00 LF $83,250.00 SS-6 8" PVC - Sanitary Sewer $60.00 LF $0.00
SS-7 12" PVC - Sanitary Sewer Force Main $114.00 LF $0.00 SS-8 48" - Sanitary Sewer Manhole 1 $6,500.00 EA $6,500.00 SS-9 Connect to Existing Sewer Manhole $4,500.00 EA $0.00 SS-10 Sanitary Sewer Pump Station - Complete $2,250,000.00 LS $0.00 SUB-TOTAL OF SANITARY SEWER IMPROVEMENTS ===> $140,918.00 SD. STORM DRAINAGE
SD-1 72" RCP - Storm Drainage 93 $504.00 LF $46,872.00
SD-2 60" RCP - Storm Drainage 1,110 $420.00 LF $466,200.00 SD-3 54" RCP - Storm Drainage 327 $351.00 LF $114,777.00 SD-4 48" RCP - Storm Drainage $312.00 LF $0.00
SD-5 42" RCP - Storm Drainage $210.00 LF $0.00
SD-6 36" RCP - Storm Drainage $180.00 LF $0.00
SD-7 30" RCP - Storm Drainage $135.00 LF $0.00
SD-8 24" RCP - Storm Drainage $108.00 LF $0.00
SD-9 18" RCP - Storm Drainage $72.00 LF $0.00
SD-10 12" RCP - Storm Drainage $48.00 LF $0.00
SD-11 84" - Storm Drainage Manhole 2 $9,000.00 EA $18,000.00 SD-12 60" - Storm Drainage Manhole $5,500.00 EA $0.00
SD-13 48" - Storm Drainage Manhole $5,000.00 EA $0.00
SD-14 Storm Drainage Basin Outfall Structure $12,500.00 EA $0.00 SD-15 Storm Drainage Basin Inlet Structure $7,500.00 EA $0.00 SD-16 Storm Drain Lift Station and Outfall to TID Facility $850,000.00 EA $0.00 SUB-TOTAL OF STORM DRAINAGE IMPROVEMENTS ===> $645,849.00 WT. WATER SYSTEM
WT-1 16" PVC - Water 93 $168.00 LF $15,624.00
WT-2 12" PVC - Water 1,602 $126.00 LF $201,852.00
WT-3 8" PVC - Water $84.00 LF $0.00
WT-4 16" Butterfly Valve 1 $7,500.00 EA $7,500.00
WT-5 12" Butterfly Valve 3 $4,500.00 EA $13,500.00
WT-6 8" Gate Valve $2,800.00 EA $0.00
WT-7 Stub and Plug Proposed Water Line $4,000.00 EA $0.00 WT-8 Connect to Existing Water Line $6,500.00 EA $0.00
WT-9 Water Well - Complete $4,000,000.00 LS $0.00
WT-9 Water Tank - Complete $10,500,000.00 LS $0.00
SUB-TOTAL OF WATER SYSTEM IMPROVEMENTS ===> $238,476.00 Copper Trails
Prepared Date - March 3, 2025
Engineer's Estimate of Probable Cost
Moffett Road from Central Backbone Street to E. Redwood Road

UNIT COST
Segment - 8
Printed: 3/4/2025 Page 24 of 51
EXHIBIT B ITEM 13
Engineer's Estimate of Probable Cost
Segment 8

ITEM DESCRIPTION QUANTITY UNIT COST COST
NP. NON-POTABLE WATER SYSTEM
NP-1 12" PVC - Non-Potable Water $90.00 LF $0.00
NP-2 8" PVC - Non-Potable Water 634 $60.00 LF $38,040.00 NP-3 12" Butterfly Valve Non-Potable $4,500.00 EA $0.00 NP-4 8" Gate Valve Non-Potable 2 $2,800.00 EA $5,600.00 NP-5 Stub and Plug Proposed Non-Potable Water $1,750.00 EA $0.00 NP-6 Landscape Irrigation Well $350,000.00 EA $0.00
SUB-TOTAL OF NON-POTABLE WATER IMPROVEMENTS ===> $43,640.00 TR. TRANSPORTATION
TR-1 Orchard Removal 1.3 $500.00 AC $632.50
TR-2 Sawcut Existing Pavement $4.00 LF $0.00
TR-3 Remove Existing Pavement 20,413 $1.50 SF $30,619.50 TR-4 Remove Existing Concrete 295 $3.00 SF $885.00
TR-5 Remove Irrigation Structure 1 $5,000.00 EA $5,000.00 TR-6 Remove Irrigation Structure Large $10,000.00 EA $0.00 TR-7 Remove Irrigation 847 $22.50 LF $19,057.50
TR-8 Remove Existing Building 2 $40,000.00 EA $80,000.00 TR-9 Remove Existing Shed $5,000.00 EA $0.00
TR-10 Remove Existing Fence 1,034 $7.50 LF $7,755.00
TR-11 Remove Existing Tree 1 $2,500.00 EA $2,500.00
TR-12 Joint Trench Mainline Extension $500.00 LF $0.00
TR-13 Joint Trench Mainline Extension and Pole Removal 1,187 $625.00 LF $741,875.00 TR-14 Irrigation Realignment 680 $185.00 LF $125,800.00 TR-15 Irrigation Transition Structure 2 $95,000.00 EA $190,000.00 TR-16 Rough Grading 4,505 $5.50 CY $24,779.74
TR-17 Erosion Control Improvements 2.8 $2,750.00 AC $7,700.00 TR-18 Street Fine Grading 130,367 $0.65 SF $84,738.55
TR-19 6" Vertical Curb and Gutter 2,363 $22.50 LF $53,167.50 TR-20 8" Median Curb 2,282 $25.00 LF $57,050.00
TR-21 6" PCC Concrete Walk (Includes Ramps and Returns) 11,699 $6.50 SF $76,043.50 TR-22 ADA Ramp (Labor and Truncated Domes Only) 2 $2,100.00 EA $4,200.00 TR-23 Mid-Block ADA Ramp (Labor and Truncated Domes Only) $1,200.00 EA $0.00 TR-24 4.0" AC over 16.0" AB Pavement 84,167 $5.75 SF $483,960.25 TR-25 Landscape w/ Irrigation (Streetscape) 34,501 $12.50 SF $431,262.50 TR-26 Landscape w/ Irrigation (Median) 14,679 $12.50 SF $183,487.50 TR-27 8.00' Masonry Wall 1,128 $232.50 LF $262,260.00
TR-28 MID Canal Masonry Wall and Fence $145.00 LF $0.00 TR-29 Right of Way Acquisition / Dedication 56,207 $4.00 SF $224,827.72 SUB-TOTAL OF TRANSPORTATION IMPROVEMENTS ===> $3,097,601.76 PK. PARKS
PK-1 Landscape w/ Irrigation (Basin) $6.50 SF $0.00
PK-2 Landscape w/ Irrigation (Park Area) $14.50 SF $0.00 PK-3 Landscape / Park Dedication 17,054 $4.00 SF $68,214.36 SUB-TOTAL OF TRANSPORTATION IMPROVEMENTS ===> $68,214.36 CONSTRUCTION SUB-TOTAL ===> $4,234,699.12
20% CONTINGENCY ===> $846,939.82
CONSTRUCTION TOTAL ===> $5,081,638.94
Printed: 3/4/2025 Page 25 of 51
EXHIBIT B ITEM 13
Engineer's Estimate of Probable Cost
Segment 9

ITEM DESCRIPTION QUANTITY COST
SS. SANITARY SEWER
SS-1 24" PVC - Sanitary Sewer $204.00 LF $0.00
SS-2 18" PVC - Sanitary Sewer $153.00 LF $0.00
SS-3 15" PVC - Sanitary Sewer $120.00 LF $0.00
SS-4 12" PVC - Sanitary Sewer $96.00 LF $0.00
SS-5 10" PVC - Sanitary Sewer $75.00 LF $0.00
SS-6 8" PVC - Sanitary Sewer 2,135 $60.00 LF $128,100.00 SS-7 12" PVC - Sanitary Sewer Force Main $114.00 LF $0.00 SS-8 48" - Sanitary Sewer Manhole 3 $6,500.00 EA $19,500.00 SS-9 Connect to Existing Sewer Manhole $4,500.00 EA $0.00 SS-10 Sanitary Sewer Pump Station - Complete $2,250,000.00 LS $0.00 SUB-TOTAL OF SANITARY SEWER IMPROVEMENTS ===> $147,600.00 SD. STORM DRAINAGE
SD-1 72" RCP - Storm Drainage $504.00 LF $0.00
SD-2 60" RCP - Storm Drainage $420.00 LF $0.00
SD-3 54" RCP - Storm Drainage $351.00 LF $0.00
SD-4 48" RCP - Storm Drainage 1,296 $312.00 LF $404,352.00 SD-5 42" RCP - Storm Drainage $210.00 LF $0.00
SD-6 36" RCP - Storm Drainage 689 $180.00 LF $124,020.00 SD-7 30" RCP - Storm Drainage $135.00 LF $0.00
SD-8 24" RCP - Storm Drainage $108.00 LF $0.00
SD-9 18" RCP - Storm Drainage 456 $72.00 LF $32,832.00
SD-10 12" RCP - Storm Drainage $48.00 LF $0.00
SD-11 84" - Storm Drainage Manhole 3 $9,000.00 EA $27,000.00 SD-12 60" - Storm Drainage Manhole $5,500.00 EA $0.00
SD-13 48" - Storm Drainage Manhole 1 $5,000.00 EA $5,000.00 SD-14 Storm Drainage Basin Outfall Structure $12,500.00 EA $0.00 SD-15 Storm Drainage Basin Inlet Structure $7,500.00 EA $0.00 SD-16 Storm Drain Lift Station and Outfall to TID Facility $850,000.00 EA $0.00 SUB-TOTAL OF STORM DRAINAGE IMPROVEMENTS ===> $593,204.00 WT. WATER SYSTEM
WT-1 16" PVC - Water $168.00 LF $0.00
WT-2 12" PVC - Water 2,135 $126.00 LF $269,010.00
WT-3 8" PVC - Water 1,183 $84.00 LF $99,372.00
WT-4 16" Butterfly Valve $7,500.00 EA $0.00
WT-5 12" Butterfly Valve 2 $4,500.00 EA $9,000.00
WT-6 8" Gate Valve 2 $2,800.00 EA $5,600.00
WT-7 Stub and Plug Proposed Water Line $4,000.00 EA $0.00 WT-8 Connect to Existing Water Line $6,500.00 EA $0.00
WT-9 Water Well - Complete $4,000,000.00 LS $0.00
WT-9 Water Tank - Complete $10,500,000.00 LS $0.00
SUB-TOTAL OF WATER SYSTEM IMPROVEMENTS ===> $382,982.00 Copper Trails
Prepared Date - March 3, 2025
Engineer's Estimate of Probable Cost
Central Backbone Street from Central Avenue to Moffett Road

UNIT COST
Segment - 9
Printed: 3/4/2025 Page 26 of 51
EXHIBIT B ITEM 13
Engineer's Estimate of Probable Cost
Segment 9

ITEM DESCRIPTION QUANTITY UNIT COST COST
NP. NON-POTABLE WATER SYSTEM
NP-1 12" PVC - Non-Potable Water $90.00 LF $0.00
NP-2 8" PVC - Non-Potable Water 947 $60.00 LF $56,820.00 NP-3 12" Butterfly Valve Non-Potable $4,500.00 EA $0.00 NP-4 8" Gate Valve Non-Potable 2 $2,800.00 EA $5,600.00 NP-5 Stub and Plug Proposed Non-Potable Water $1,750.00 EA $0.00 NP-6 Landscape Irrigation Well $350,000.00 EA $0.00
SUB-TOTAL OF NON-POTABLE WATER IMPROVEMENTS ===> $62,420.00 TR. TRANSPORTATION
TR-1 Orchard Removal 7.5 $500.00 AC $3,740.10
TR-2 Sawcut Existing Pavement $4.00 LF $0.00
TR-3 Remove Existing Pavement $1.50 SF $0.00
TR-4 Remove Existing Concrete $3.00 SF $0.00
TR-5 Remove Irrigation Structure 4 $5,000.00 EA $20,000.00 TR-6 Remove Irrigation Structure Large 1 $10,000.00 EA $10,000.00 TR-7 Remove Irrigation 765 $22.50 LF $17,212.50
TR-8 Remove Existing Building $40,000.00 EA $0.00
TR-9 Remove Existing Shed 3 $5,000.00 EA $15,000.00
TR-10 Remove Existing Fence 1,164 $7.50 LF $8,730.00
TR-11 Remove Existing Tree $2,500.00 EA $0.00
TR-12 Joint Trench Mainline Extension 3,692 $500.00 LF $1,846,000.00 TR-13 Joint Trench Mainline Extension and Pole Removal $625.00 LF $0.00 TR-14 Irrigation Realignment 2,532 $185.00 LF $468,420.00 TR-15 Irrigation Transition Structure 1 $95,000.00 EA $95,000.00 TR-16 Rough Grading 11,700 $5.50 CY $64,348.78
TR-17 Erosion Control Improvements 7.3 $2,750.00 AC $20,075.00 TR-18 Street Fine Grading 304,409 $0.65 SF $197,865.85
TR-19 6" Vertical Curb and Gutter 7,127 $22.50 LF $160,357.50 TR-20 8" Median Curb 4,645 $25.00 LF $116,125.00
TR-21 6" PCC Concrete Walk (Includes Ramps and Returns) 35,397 $6.50 SF $230,080.50 TR-22 ADA Ramp (Labor and Truncated Domes Only) 4 $2,100.00 EA $8,400.00 TR-23 Mid-Block ADA Ramp (Labor and Truncated Domes Only) 2 $1,200.00 EA $2,400.00 TR-24 4.0" AC over 16.0" AB Pavement 183,530 $5.75 SF $1,055,297.50 TR-25 Landscape w/ Irrigation (Streetscape) 85,482 $12.50 SF $1,068,525.00 TR-26 Landscape w/ Irrigation (Median) 25,208 $12.50 SF $315,100.00 TR-27 8.00' Masonry Wall $232.50 LF $0.00
TR-28 MID Canal Masonry Wall and Fence $145.00 LF $0.00 TR-29 Right of Way Acquisition / Dedication 206,585 $4.00 SF $826,341.20 SUB-TOTAL OF TRANSPORTATION IMPROVEMENTS ===> $6,549,018.93 PK. PARKS
PK-1 Landscape w/ Irrigation (Basin) $6.50 SF $0.00
PK-2 Landscape w/ Irrigation (Park Area) $14.50 SF $0.00 PK-3 Landscape / Park Dedication 38,062 $4.00 SF $152,246.80 SUB-TOTAL OF TRANSPORTATION IMPROVEMENTS ===> $152,246.80 CONSTRUCTION SUB-TOTAL ===> $7,887,471.73
20% CONTINGENCY ===> $1,577,494.35
CONSTRUCTION TOTAL ===> $9,464,966.08
Printed: 3/4/2025 Page 27 of 51
EXHIBIT B ITEM 13
Engineer's Estimate of Probable Cost
Segment 10

ITEM DESCRIPTION QUANTITY COST
SS. SANITARY SEWER
SS-1 24" PVC - Sanitary Sewer $204.00 LF $0.00
SS-2 18" PVC - Sanitary Sewer 1,044 $153.00 LF $159,732.00 SS-3 15" PVC - Sanitary Sewer 1,162 $120.00 LF $139,440.00 SS-4 12" PVC - Sanitary Sewer $96.00 LF $0.00
SS-5 10" PVC - Sanitary Sewer $75.00 LF $0.00
SS-6 8" PVC - Sanitary Sewer $60.00 LF $0.00
SS-7 12" PVC - Sanitary Sewer Force Main $114.00 LF $0.00 SS-8 48" - Sanitary Sewer Manhole 1 $6,500.00 EA $6,500.00 SS-9 Connect to Existing Sewer Manhole $4,500.00 EA $0.00 SS-10 Sanitary Sewer Pump Station - Complete $2,250,000.00 LS $0.00 SUB-TOTAL OF SANITARY SEWER IMPROVEMENTS ===> $305,672.00 SD. STORM DRAINAGE
SD-1 72" RCP - Storm Drainage $504.00 LF $0.00
SD-2 60" RCP - Storm Drainage $420.00 LF $0.00
SD-3 54" RCP - Storm Drainage $351.00 LF $0.00
SD-4 48" RCP - Storm Drainage $312.00 LF $0.00
SD-5 42" RCP - Storm Drainage 999 $210.00 LF $209,790.00 SD-6 36" RCP - Storm Drainage $180.00 LF $0.00
SD-7 30" RCP - Storm Drainage 643 $135.00 LF $86,805.00 SD-8 24" RCP - Storm Drainage 305 $108.00 LF $32,940.00 SD-9 18" RCP - Storm Drainage $72.00 LF $0.00
SD-10 12" RCP - Storm Drainage $48.00 LF $0.00
SD-11 84" - Storm Drainage Manhole $9,000.00 EA $0.00
SD-12 60" - Storm Drainage Manhole 2 $5,500.00 EA $11,000.00 SD-13 48" - Storm Drainage Manhole 2 $5,000.00 EA $10,000.00 SD-14 Storm Drainage Basin Outfall Structure $12,500.00 EA $0.00 SD-15 Storm Drainage Basin Inlet Structure $7,500.00 EA $0.00 SD-16 Storm Drain Lift Station and Outfall to TID Facility $850,000.00 EA $0.00 SUB-TOTAL OF STORM DRAINAGE IMPROVEMENTS ===> $350,535.00 WT. WATER SYSTEM
WT-1 16" PVC - Water $168.00 LF $0.00
WT-2 12" PVC - Water 2,206 $126.00 LF $277,956.00
WT-3 8" PVC - Water $84.00 LF $0.00
WT-4 16" Butterfly Valve $7,500.00 EA $0.00
WT-5 12" Butterfly Valve $4,500.00 EA $0.00
WT-6 8" Gate Valve $2,800.00 EA $0.00
WT-7 Stub and Plug Proposed Water Line $4,000.00 EA $0.00 WT-8 Connect to Existing Water Line $6,500.00 EA $0.00
WT-9 Water Well - Complete $4,000,000.00 LS $0.00
WT-9 Water Tank - Complete $10,500,000.00 LS $0.00
SUB-TOTAL OF WATER SYSTEM IMPROVEMENTS ===> $277,956.00 Copper Trails
Prepared Date - March 3, 2025
Engineer's Estimate of Probable Cost
E. Redwood Road from Central Avenue to Moffett Road

UNIT COST
Segment - 10
Printed: 3/4/2025 Page 28 of 51
EXHIBIT B ITEM 13
Engineer's Estimate of Probable Cost
Segment 10

ITEM DESCRIPTION QUANTITY UNIT COST COST
NP. NON-POTABLE WATER SYSTEM
NP-1 12" PVC - Non-Potable Water $90.00 LF $0.00
NP-2 8" PVC - Non-Potable Water 2,206 $60.00 LF $132,360.00 NP-3 12" Butterfly Valve Non-Potable $4,500.00 EA $0.00 NP-4 8" Gate Valve Non-Potable $2,800.00 EA $0.00
NP-5 Stub and Plug Proposed Non-Potable Water 1 $1,750.00 EA $1,750.00 NP-6 Landscape Irrigation Well $350,000.00 EA $0.00
SUB-TOTAL OF NON-POTABLE WATER IMPROVEMENTS ===> $134,110.00 TR. TRANSPORTATION
TR-1 Orchard Removal 1.3 $500.00 AC $658.95
TR-2 Sawcut Existing Pavement 741 $4.00 LF $2,964.00
TR-3 Remove Existing Pavement 46,797 $1.50 SF $70,195.50 TR-4 Remove Existing Concrete 2,239 $3.00 SF $6,717.00
TR-5 Remove Irrigation Structure $5,000.00 EA $0.00
TR-6 Remove Irrigation Structure Large 1 $10,000.00 EA $10,000.00 TR-7 Remove Irrigation 327 $22.50 LF $7,357.50
TR-8 Remove Existing Building 1 $40,000.00 EA $40,000.00 TR-9 Remove Existing Shed $5,000.00 EA $0.00
TR-10 Remove Existing Fence 1,976 $7.50 LF $14,820.00
TR-11 Remove Existing Tree 1 $2,500.00 EA $2,500.00
TR-12 Joint Trench Mainline Extension $500.00 LF $0.00
TR-13 Joint Trench Mainline Extension and Pole Removal 2,641 $625.00 LF $1,650,625.00 TR-14 Irrigation Realignment $185.00 LF $0.00
TR-15 Irrigation Transition Structure $95,000.00 EA $0.00 TR-16 Rough Grading 6,440 $5.50 CY $35,419.19
TR-17 Erosion Control Improvements 4.0 $2,750.00 AC $11,000.00 TR-18 Street Fine Grading 157,871 $0.65 SF $102,616.15
TR-19 6" Vertical Curb and Gutter 4,479 $22.50 LF $100,777.50 TR-20 8" Median Curb $25.00 LF $0.00
TR-21 6" PCC Concrete Walk (Includes Ramps and Returns) 22,336 $6.50 SF $145,184.00 TR-22 ADA Ramp (Labor and Truncated Domes Only) 1 $2,100.00 EA $2,100.00 TR-23 Mid-Block ADA Ramp (Labor and Truncated Domes Only) 1 $1,200.00 EA $1,200.00 TR-24 4.0" AC over 16.0" AB Pavement 74,434 $5.75 SF $427,995.50 TR-25 Landscape w/ Irrigation (Streetscape) 61,101 $12.50 SF $763,762.50 TR-26 Landscape w/ Irrigation (Median) $12.50 SF $0.00
TR-27 8.00' Masonry Wall $232.50 LF $0.00
TR-28 MID Canal Masonry Wall and Fence $145.00 LF $0.00 TR-29 Right of Way Acquisition / Dedication 88,433 $4.00 SF $353,733.88 SUB-TOTAL OF TRANSPORTATION IMPROVEMENTS ===> $3,749,626.67 PK. PARKS
PK-1 Landscape w/ Irrigation (Basin) $6.50 SF $0.00
PK-2 Landscape w/ Irrigation (Park Area) $14.50 SF $0.00 PK-3 Landscape / Park Dedication 28,094 $4.00 SF $112,375.76 SUB-TOTAL OF TRANSPORTATION IMPROVEMENTS ===> $112,375.76 CONSTRUCTION SUB-TOTAL ===> $4,930,275.43
20% CONTINGENCY ===> $986,055.09
CONSTRUCTION TOTAL ===> $5,916,330.51
Printed: 3/4/2025 Page 29 of 51
EXHIBIT B ITEM 13
Engineer's Estimate of Probable Cost
Segment 11

ITEM DESCRIPTION QUANTITY COST
SS. SANITARY SEWER
SS-1 24" PVC - Sanitary Sewer $204.00 LF $0.00
SS-2 18" PVC - Sanitary Sewer $153.00 LF $0.00
SS-3 15" PVC - Sanitary Sewer $120.00 LF $0.00
SS-4 12" PVC - Sanitary Sewer 1,308 $96.00 LF $125,568.00 SS-5 10" PVC - Sanitary Sewer $75.00 LF $0.00
SS-6 8" PVC - Sanitary Sewer 1,077 $60.00 LF $64,620.00 SS-7 12" PVC - Sanitary Sewer Force Main $114.00 LF $0.00 SS-8 48" - Sanitary Sewer Manhole 2 $6,500.00 EA $13,000.00 SS-9 Connect to Existing Sewer Manhole $4,500.00 EA $0.00 SS-10 Sanitary Sewer Pump Station - Complete $2,250,000.00 LS $0.00 SUB-TOTAL OF SANITARY SEWER IMPROVEMENTS ===> $203,188.00 SD. STORM DRAINAGE
SD-1 72" RCP - Storm Drainage $504.00 LF $0.00
SD-2 60" RCP - Storm Drainage 902 $420.00 LF $378,840.00 SD-3 54" RCP - Storm Drainage 406 $351.00 LF $142,506.00 SD-4 48" RCP - Storm Drainage $312.00 LF $0.00
SD-5 42" RCP - Storm Drainage 713 $210.00 LF $149,730.00 SD-6 36" RCP - Storm Drainage $180.00 LF $0.00
SD-7 30" RCP - Storm Drainage $135.00 LF $0.00
SD-8 24" RCP - Storm Drainage $108.00 LF $0.00
SD-9 18" RCP - Storm Drainage $72.00 LF $0.00
SD-10 12" RCP - Storm Drainage $48.00 LF $0.00
SD-11 84" - Storm Drainage Manhole 4 $9,000.00 EA $36,000.00 SD-12 60" - Storm Drainage Manhole 2 $5,500.00 EA $11,000.00 SD-13 48" - Storm Drainage Manhole $5,000.00 EA $0.00
SD-14 Storm Drainage Basin Outfall Structure $12,500.00 EA $0.00 SD-15 Storm Drainage Basin Inlet Structure $7,500.00 EA $0.00 SD-16 Storm Drain Lift Station and Outfall to TID Facility $850,000.00 EA $0.00 SUB-TOTAL OF STORM DRAINAGE IMPROVEMENTS ===> $718,076.00 WT. WATER SYSTEM
WT-1 16" PVC - Water $168.00 LF $0.00
WT-2 12" PVC - Water 2,898 $126.00 LF $365,148.00
WT-3 8" PVC - Water $84.00 LF $0.00
WT-4 16" Butterfly Valve $7,500.00 EA $0.00
WT-5 12" Butterfly Valve 4 $4,500.00 EA $18,000.00
WT-6 8" Gate Valve $2,800.00 EA $0.00
WT-7 Stub and Plug Proposed Water Line $4,000.00 EA $0.00 WT-8 Connect to Existing Water Line $6,500.00 EA $0.00
WT-9 Water Well - Complete $4,000,000.00 LS $0.00
WT-9 Water Tank - Complete $10,500,000.00 LS $0.00
SUB-TOTAL OF WATER SYSTEM IMPROVEMENTS ===> $383,148.00 Copper Trails
Prepared Date - March 3, 2025
Engineer's Estimate of Probable Cost
E. Redwood Road from Moffett Road to Mitchell Road

UNIT COST
Segment - 11
Printed: 3/4/2025 Page 30 of 51
EXHIBIT B ITEM 13
Engineer's Estimate of Probable Cost
Segment 11

ITEM DESCRIPTION QUANTITY UNIT COST COST
NP. NON-POTABLE WATER SYSTEM
NP-1 12" PVC - Non-Potable Water $90.00 LF $0.00
NP-2 8" PVC - Non-Potable Water $60.00 LF $0.00
NP-3 12" Butterfly Valve Non-Potable $4,500.00 EA $0.00 NP-4 8" Gate Valve Non-Potable $2,800.00 EA $0.00
NP-5 Stub and Plug Proposed Non-Potable Water $1,750.00 EA $0.00 NP-6 Landscape Irrigation Well $350,000.00 EA $0.00
SUB-TOTAL OF NON-POTABLE WATER IMPROVEMENTS ===> $0.00
TR. TRANSPORTATION
TR-1 Orchard Removal 3.5 $500.00 AC $1,725.10
TR-2 Sawcut Existing Pavement $4.00 LF $0.00
TR-3 Remove Existing Pavement 54,619 $1.50 SF $81,928.50 TR-4 Remove Existing Concrete 4,144 $3.00 SF $12,432.00 TR-5 Remove Irrigation Structure $5,000.00 EA $0.00
TR-6 Remove Irrigation Structure Large $10,000.00 EA $0.00 TR-7 Remove Irrigation 1,720 $22.50 LF $38,700.00
TR-8 Remove Existing Building 6 $40,000.00 EA $240,000.00 TR-9 Remove Existing Shed $5,000.00 EA $0.00
TR-10 Remove Existing Fence 2,176 $7.50 LF $16,320.00
TR-11 Remove Existing Tree 7 $2,500.00 EA $17,500.00
TR-12 Joint Trench Mainline Extension 60 $500.00 LF $30,000.00 TR-13 Joint Trench Mainline Extension and Pole Removal 2,467 $625.00 LF $1,541,875.00 TR-14 Irrigation Realignment $185.00 LF $0.00
TR-15 Irrigation Transition Structure $95,000.00 EA $0.00 TR-16 Rough Grading 9,144 $5.50 CY $50,292.61
TR-17 Erosion Control Improvements 5.7 $2,750.00 AC $15,675.00 TR-18 Street Fine Grading 238,704 $0.65 SF $155,157.60
TR-19 6" Vertical Curb and Gutter 4,905 $22.50 LF $110,362.50 TR-20 8" Median Curb 4,630 $25.00 LF $115,750.00
TR-21 6" PCC Concrete Walk (Includes Ramps and Returns) 24,351 $6.50 SF $158,281.50 TR-22 ADA Ramp (Labor and Truncated Domes Only) 3 $2,100.00 EA $6,300.00 TR-23 Mid-Block ADA Ramp (Labor and Truncated Domes Only) 1 $1,200.00 EA $1,200.00 TR-24 4.0" AC over 16.0" AB Pavement 143,416 $5.75 SF $824,642.00 TR-25 Landscape w/ Irrigation (Streetscape) 70,937 $12.50 SF $886,712.50 TR-26 Landscape w/ Irrigation (Median) 25,240 $12.50 SF $315,500.00 TR-27 8.00' Masonry Wall $232.50 LF $0.00
TR-28 MID Canal Masonry Wall and Fence $145.00 LF $0.00 TR-29 Right of Way Acquisition / Dedication 148,562 $4.00 SF $594,249.32 SUB-TOTAL OF TRANSPORTATION IMPROVEMENTS ===> $5,214,603.63 PK. PARKS
PK-1 Landscape w/ Irrigation (Basin) $6.50 SF $0.00
PK-2 Landscape w/ Irrigation (Park Area) $14.50 SF $0.00 PK-3 Landscape / Park Dedication 40,244 $4.00 SF $160,975.28 SUB-TOTAL OF TRANSPORTATION IMPROVEMENTS ===> $160,975.28 CONSTRUCTION SUB-TOTAL ===> $6,679,990.91
20% CONTINGENCY ===> $1,335,998.18
CONSTRUCTION TOTAL ===> $8,015,989.09
Printed: 3/4/2025 Page 31 of 51
EXHIBIT B ITEM 13
Engineer's Estimate of Probable Cost
Segment 12

ITEM DESCRIPTION QUANTITY COST
SS. SANITARY SEWER
SS-1 24" PVC - Sanitary Sewer $204.00 LF $0.00
SS-2 18" PVC - Sanitary Sewer $153.00 LF $0.00
SS-3 15" PVC - Sanitary Sewer $120.00 LF $0.00
SS-4 12" PVC - Sanitary Sewer $96.00 LF $0.00
SS-5 10" PVC - Sanitary Sewer $75.00 LF $0.00
SS-6 8" PVC - Sanitary Sewer $60.00 LF $0.00
SS-7 12" PVC - Sanitary Sewer Force Main $114.00 LF $0.00 SS-8 48" - Sanitary Sewer Manhole $6,500.00 EA $0.00
SS-9 Connect to Existing Sewer Manhole $4,500.00 EA $0.00 SS-10 Sanitary Sewer Pump Station - Complete $2,250,000.00 LS $0.00 SUB-TOTAL OF SANITARY SEWER IMPROVEMENTS ===> $0.00
SD. STORM DRAINAGE
SD-1 72" RCP - Storm Drainage $504.00 LF $0.00
SD-2 60" RCP - Storm Drainage $420.00 LF $0.00
SD-3 54" RCP - Storm Drainage $351.00 LF $0.00
SD-4 48" RCP - Storm Drainage $312.00 LF $0.00
SD-5 42" RCP - Storm Drainage $210.00 LF $0.00
SD-6 36" RCP - Storm Drainage $180.00 LF $0.00
SD-7 30" RCP - Storm Drainage $135.00 LF $0.00
SD-8 24" RCP - Storm Drainage $108.00 LF $0.00
SD-9 18" RCP - Storm Drainage $72.00 LF $0.00
SD-10 12" RCP - Storm Drainage $48.00 LF $0.00
SD-11 84" - Storm Drainage Manhole $9,000.00 EA $0.00
SD-12 60" - Storm Drainage Manhole $5,500.00 EA $0.00
SD-13 48" - Storm Drainage Manhole $5,000.00 EA $0.00
SD-14 Storm Drainage Basin Outfall Structure $12,500.00 EA $0.00 SD-15 Storm Drainage Basin Inlet Structure $7,500.00 EA $0.00 SD-16 Storm Drain Lift Station and Outfall to TID Facility $850,000.00 EA $0.00 SUB-TOTAL OF STORM DRAINAGE IMPROVEMENTS ===> $0.00
WT. WATER SYSTEM
WT-1 16" PVC - Water $168.00 LF $0.00
WT-2 12" PVC - Water 1,129 $126.00 LF $142,254.00
WT-3 8" PVC - Water $84.00 LF $0.00
WT-4 16" Butterfly Valve $7,500.00 EA $0.00
WT-5 12" Butterfly Valve 1 $4,500.00 EA $4,500.00
WT-6 8" Gate Valve $2,800.00 EA $0.00
WT-7 Stub and Plug Proposed Water Line 1 $4,000.00 EA $4,000.00 WT-8 Connect to Existing Water Line $6,500.00 EA $0.00
WT-9 Water Well - Complete $4,000,000.00 LS $0.00
WT-9 Water Tank - Complete $10,500,000.00 LS $0.00
SUB-TOTAL OF WATER SYSTEM IMPROVEMENTS ===> $150,754.00 Copper Trails
Prepared Date - March 3, 2025
Engineer's Estimate of Probable Cost
Mitchell Road from TID Lateral to Prairie Flower Road

UNIT COST
Segment - 12
Printed: 3/4/2025 Page 32 of 51
EXHIBIT B ITEM 13
Engineer's Estimate of Probable Cost
Segment 12

ITEM DESCRIPTION QUANTITY UNIT COST COST
NP. NON-POTABLE WATER SYSTEM
NP-1 12" PVC - Non-Potable Water $90.00 LF $0.00
NP-2 8" PVC - Non-Potable Water $60.00 LF $0.00
NP-3 12" Butterfly Valve Non-Potable $4,500.00 EA $0.00 NP-4 8" Gate Valve Non-Potable $2,800.00 EA $0.00
NP-5 Stub and Plug Proposed Non-Potable Water $1,750.00 EA $0.00 NP-6 Landscape Irrigation Well $350,000.00 EA $0.00
SUB-TOTAL OF NON-POTABLE WATER IMPROVEMENTS ===> $0.00
TR. TRANSPORTATION
TR-1 Orchard Removal 0.8 $500.00 AC $408.52
TR-2 Sawcut Existing Pavement 48 $4.00 LF $192.00
TR-3 Remove Existing Pavement 24,457 $1.50 SF $36,685.50 TR-4 Remove Existing Concrete 176 $3.00 SF $528.00
TR-5 Remove Irrigation Structure $5,000.00 EA $0.00
TR-6 Remove Irrigation Structure Large $10,000.00 EA $0.00 TR-7 Remove Irrigation 193 $22.50 LF $4,342.50
TR-8 Remove Existing Building $40,000.00 EA $0.00
TR-9 Remove Existing Shed $5,000.00 EA $0.00
TR-10 Remove Existing Fence 741 $7.50 LF $5,557.50
TR-11 Remove Existing Tree $2,500.00 EA $0.00
TR-12 Joint Trench Mainline Extension $500.00 LF $0.00
TR-13 Joint Trench Mainline Extension and Pole Removal 1,346 $625.00 LF $841,250.00 TR-14 Irrigation Realignment $185.00 LF $0.00
TR-15 Irrigation Transition Structure $95,000.00 EA $0.00 TR-16 Rough Grading 2,888 $5.50 CY $15,883.59
TR-17 Erosion Control Improvements 1.8 $2,750.00 AC $4,950.00 TR-18 Street Fine Grading 75,720 $0.65 SF $49,218.00
TR-19 6" Vertical Curb and Gutter 1,302 $22.50 LF $29,295.00 TR-20 8" Median Curb $25.00 LF $0.00
TR-21 6" PCC Concrete Walk (Includes Ramps and Returns) 6,427 $6.50 SF $41,775.50 TR-22 ADA Ramp (Labor and Truncated Domes Only) 2 $2,100.00 EA $4,200.00 TR-23 Mid-Block ADA Ramp (Labor and Truncated Domes Only) $1,200.00 EA $0.00 TR-24 4.0" AC over 16.0" AB Pavement 37,523 $5.75 SF $215,757.25 TR-25 Landscape w/ Irrigation (Streetscape) 31,770 $12.50 SF $397,125.00 TR-26 Landscape w/ Irrigation (Median) $12.50 SF $0.00
TR-27 8.00' Masonry Wall $232.50 LF $0.00
TR-28 MID Canal Masonry Wall and Fence $145.00 LF $0.00 TR-29 Right of Way Acquisition / Dedication 85,427 $4.00 SF $341,708.80 SUB-TOTAL OF TRANSPORTATION IMPROVEMENTS ===> $1,988,877.16 PK. PARKS
PK-1 Landscape w/ Irrigation (Basin) $6.50 SF $0.00
PK-2 Landscape w/ Irrigation (Park Area) $14.50 SF $0.00 PK-3 Landscape / Park Dedication 24,129 $4.00 SF $96,516.16 SUB-TOTAL OF TRANSPORTATION IMPROVEMENTS ===> $96,516.16 CONSTRUCTION SUB-TOTAL ===> $2,236,147.32
20% CONTINGENCY ===> $447,229.46
CONSTRUCTION TOTAL ===> $2,683,376.79
Printed: 3/4/2025 Page 33 of 51
EXHIBIT B ITEM 13
Engineer's Estimate of Probable Cost
Segment 13

ITEM DESCRIPTION QUANTITY COST
SS. SANITARY SEWER
SS-1 24" PVC - Sanitary Sewer $204.00 LF $0.00
SS-2 18" PVC - Sanitary Sewer $153.00 LF $0.00
SS-3 15" PVC - Sanitary Sewer $120.00 LF $0.00
SS-4 12" PVC - Sanitary Sewer $96.00 LF $0.00
SS-5 10" PVC - Sanitary Sewer $75.00 LF $0.00
SS-6 8" PVC - Sanitary Sewer 1,259 $60.00 LF $75,540.00 SS-7 12" PVC - Sanitary Sewer Force Main $114.00 LF $0.00 SS-8 48" - Sanitary Sewer Manhole 2 $6,500.00 EA $13,000.00 SS-9 Connect to Existing Sewer Manhole $4,500.00 EA $0.00 SS-10 Sanitary Sewer Pump Station - Complete $2,250,000.00 LS $0.00 SUB-TOTAL OF SANITARY SEWER IMPROVEMENTS ===> $88,540.00 SD. STORM DRAINAGE
SD-1 72" RCP - Storm Drainage $504.00 LF $0.00
SD-2 60" RCP - Storm Drainage $420.00 LF $0.00
SD-3 54" RCP - Storm Drainage $351.00 LF $0.00
SD-4 48" RCP - Storm Drainage 1,112 $312.00 LF $346,944.00 SD-5 42" RCP - Storm Drainage $210.00 LF $0.00
SD-6 36" RCP - Storm Drainage $180.00 LF $0.00
SD-7 30" RCP - Storm Drainage $135.00 LF $0.00
SD-8 24" RCP - Storm Drainage $108.00 LF $0.00
SD-9 18" RCP - Storm Drainage $72.00 LF $0.00
SD-10 12" RCP - Storm Drainage $48.00 LF $0.00
SD-11 84" - Storm Drainage Manhole 1 $9,000.00 EA $9,000.00 SD-12 60" - Storm Drainage Manhole $5,500.00 EA $0.00
SD-13 48" - Storm Drainage Manhole $5,000.00 EA $0.00
SD-14 Storm Drainage Basin Outfall Structure $12,500.00 EA $0.00 SD-15 Storm Drainage Basin Inlet Structure $7,500.00 EA $0.00 SD-16 Storm Drain Lift Station and Outfall to TID Facility $850,000.00 EA $0.00 SUB-TOTAL OF STORM DRAINAGE IMPROVEMENTS ===> $355,944.00 WT. WATER SYSTEM
WT-1 16" PVC - Water $168.00 LF $0.00
WT-2 12" PVC - Water 2,028 $126.00 LF $255,528.00
WT-3 8" PVC - Water $84.00 LF $0.00
WT-4 16" Butterfly Valve $7,500.00 EA $0.00
WT-5 12" Butterfly Valve 3 $4,500.00 EA $13,500.00
WT-6 8" Gate Valve $2,800.00 EA $0.00
WT-7 Stub and Plug Proposed Water Line $4,000.00 EA $0.00 WT-8 Connect to Existing Water Line 1 $6,500.00 EA $6,500.00 WT-9 Water Well - Complete $4,000,000.00 LS $0.00
WT-9 Water Tank - Complete $10,500,000.00 LS $0.00
SUB-TOTAL OF WATER SYSTEM IMPROVEMENTS ===> $275,528.00 Copper Trails
Prepared Date - March 3, 2025
Engineer's Estimate of Probable Cost
Commercial Backbone Street #1 from Moffett Road to Prairie Flower Road

UNIT COST
Segment - 13
Printed: 3/4/2025 Page 34 of 51
EXHIBIT B ITEM 13
Engineer's Estimate of Probable Cost
Segment 13

ITEM DESCRIPTION QUANTITY UNIT COST COST
NP. NON-POTABLE WATER SYSTEM
NP-1 12" PVC - Non-Potable Water $90.00 LF $0.00
NP-2 8" PVC - Non-Potable Water $60.00 LF $0.00
NP-3 12" Butterfly Valve Non-Potable $4,500.00 EA $0.00 NP-4 8" Gate Valve Non-Potable $2,800.00 EA $0.00
NP-5 Stub and Plug Proposed Non-Potable Water $1,750.00 EA $0.00 NP-6 Landscape Irrigation Well $350,000.00 EA $0.00
SUB-TOTAL OF NON-POTABLE WATER IMPROVEMENTS ===> $0.00
TR. TRANSPORTATION
TR-1 Orchard Removal 3.5 $500.00 AC $1,738.50
TR-2 Sawcut Existing Pavement $4.00 LF $0.00
TR-3 Remove Existing Pavement $1.50 SF $0.00
TR-4 Remove Existing Concrete $3.00 SF $0.00
TR-5 Remove Irrigation Structure $5,000.00 EA $0.00
TR-6 Remove Irrigation Structure Large $10,000.00 EA $0.00 TR-7 Remove Irrigation 254 $22.50 LF $5,715.00
TR-8 Remove Existing Building $40,000.00 EA $0.00
TR-9 Remove Existing Shed $5,000.00 EA $0.00
TR-10 Remove Existing Fence $7.50 LF $0.00
TR-11 Remove Existing Tree $2,500.00 EA $0.00
TR-12 Joint Trench Mainline Extension 1,530 $500.00 LF $765,000.00 TR-13 Joint Trench Mainline Extension and Pole Removal $625.00 LF $0.00 TR-14 Irrigation Realignment $185.00 LF $0.00
TR-15 Irrigation Transition Structure $95,000.00 EA $0.00 TR-16 Rough Grading 4,555 $5.50 CY $25,051.28
TR-17 Erosion Control Improvements 2.8 $2,750.00 AC $7,700.00 TR-18 Street Fine Grading 116,335 $0.65 SF $75,617.75
TR-19 6" Vertical Curb and Gutter 3,060 $22.50 LF $68,850.00 TR-20 8" Median Curb $25.00 LF $0.00
TR-21 6" PCC Concrete Walk (Includes Ramps and Returns) 15,298 $6.50 SF $99,437.00 TR-22 ADA Ramp (Labor and Truncated Domes Only) $2,100.00 EA $0.00 TR-23 Mid-Block ADA Ramp (Labor and Truncated Domes Only) $1,200.00 EA $0.00 TR-24 4.0" AC over 16.0" AB Pavement 53,510 $5.75 SF $307,682.50 TR-25 Landscape w/ Irrigation (Streetscape) 47,527 $12.50 SF $594,087.50 TR-26 Landscape w/ Irrigation (Median) $12.50 SF $0.00
TR-27 8.00' Masonry Wall $232.50 LF $0.00
TR-28 MID Canal Masonry Wall and Fence $145.00 LF $0.00 TR-29 Right of Way Acquisition / Dedication 129,347 $4.00 SF $517,387.88 SUB-TOTAL OF TRANSPORTATION IMPROVEMENTS ===> $2,468,267.41 PK. PARKS
PK-1 Landscape w/ Irrigation (Basin) $6.50 SF $0.00
PK-2 Landscape w/ Irrigation (Park Area) $14.50 SF $0.00 PK-3 Landscape / Park Dedication 30,133 $4.00 SF $120,530.80 SUB-TOTAL OF TRANSPORTATION IMPROVEMENTS ===> $120,530.80 CONSTRUCTION SUB-TOTAL ===> $3,308,810.21
20% CONTINGENCY ===> $661,762.04
CONSTRUCTION TOTAL ===> $3,970,572.25
Printed: 3/4/2025 Page 35 of 51
EXHIBIT B ITEM 13
Engineer's Estimate of Probable Cost
Segment 14

ITEM DESCRIPTION QUANTITY COST
SS. SANITARY SEWER
SS-1 24" PVC - Sanitary Sewer $204.00 LF $0.00
SS-2 18" PVC - Sanitary Sewer $153.00 LF $0.00
SS-3 15" PVC - Sanitary Sewer $120.00 LF $0.00
SS-4 12" PVC - Sanitary Sewer $96.00 LF $0.00
SS-5 10" PVC - Sanitary Sewer $75.00 LF $0.00
SS-6 8" PVC - Sanitary Sewer 999 $60.00 LF $59,940.00
SS-7 12" PVC - Sanitary Sewer Force Main $114.00 LF $0.00 SS-8 48" - Sanitary Sewer Manhole 1 $6,500.00 EA $6,500.00 SS-9 Connect to Existing Sewer Manhole $4,500.00 EA $0.00 SS-10 Sanitary Sewer Pump Station - Complete $2,250,000.00 LS $0.00 SUB-TOTAL OF SANITARY SEWER IMPROVEMENTS ===> $66,440.00 SD. STORM DRAINAGE
SD-1 72" RCP - Storm Drainage $504.00 LF $0.00
SD-2 60" RCP - Storm Drainage $420.00 LF $0.00
SD-3 54" RCP - Storm Drainage $351.00 LF $0.00
SD-4 48" RCP - Storm Drainage $312.00 LF $0.00
SD-5 42" RCP - Storm Drainage $210.00 LF $0.00
SD-6 36" RCP - Storm Drainage 866 $180.00 LF $155,880.00 SD-7 30" RCP - Storm Drainage $135.00 LF $0.00
SD-8 24" RCP - Storm Drainage $108.00 LF $0.00
SD-9 18" RCP - Storm Drainage $72.00 LF $0.00
SD-10 12" RCP - Storm Drainage $48.00 LF $0.00
SD-11 84" - Storm Drainage Manhole $9,000.00 EA $0.00
SD-12 60" - Storm Drainage Manhole 1 $5,500.00 EA $5,500.00 SD-13 48" - Storm Drainage Manhole $5,000.00 EA $0.00
SD-14 Storm Drainage Basin Outfall Structure $12,500.00 EA $0.00 SD-15 Storm Drainage Basin Inlet Structure $7,500.00 EA $0.00 SD-16 Storm Drain Lift Station and Outfall to TID Facility $850,000.00 EA $0.00 SUB-TOTAL OF STORM DRAINAGE IMPROVEMENTS ===> $161,380.00 WT. WATER SYSTEM
WT-1 16" PVC - Water $168.00 LF $0.00
WT-2 12" PVC - Water 2,694 $126.00 LF $339,444.00
WT-3 8" PVC - Water $84.00 LF $0.00
WT-4 16" Butterfly Valve $7,500.00 EA $0.00
WT-5 12" Butterfly Valve 2 $4,500.00 EA $9,000.00
WT-6 8" Gate Valve $2,800.00 EA $0.00
WT-7 Stub and Plug Proposed Water Line $4,000.00 EA $0.00 WT-8 Connect to Existing Water Line $6,500.00 EA $0.00
WT-9 Water Well - Complete $4,000,000.00 LS $0.00
WT-9 Water Tank - Complete $10,500,000.00 LS $0.00
SUB-TOTAL OF WATER SYSTEM IMPROVEMENTS ===> $348,444.00 Copper Trails
Prepared Date - March 3, 2025
Engineer's Estimate of Probable Cost
Commercial Backbone Street #2 from Prairie Flower Road to E. Redwood Road

UNIT COST
Segment - 14
Printed: 3/4/2025 Page 36 of 51
EXHIBIT B ITEM 13
Engineer's Estimate of Probable Cost
Segment 14

ITEM DESCRIPTION QUANTITY UNIT COST COST
NP. NON-POTABLE WATER SYSTEM
NP-1 12" PVC - Non-Potable Water $90.00 LF $0.00
NP-2 8" PVC - Non-Potable Water $60.00 LF $0.00
NP-3 12" Butterfly Valve Non-Potable $4,500.00 EA $0.00 NP-4 8" Gate Valve Non-Potable $2,800.00 EA $0.00
NP-5 Stub and Plug Proposed Non-Potable Water $1,750.00 EA $0.00 NP-6 Landscape Irrigation Well $350,000.00 EA $0.00
SUB-TOTAL OF NON-POTABLE WATER IMPROVEMENTS ===> $0.00
TR. TRANSPORTATION
TR-1 Orchard Removal 1.1 $500.00 AC $536.00
TR-2 Sawcut Existing Pavement $4.00 LF $0.00
TR-3 Remove Existing Pavement $1.50 SF $0.00
TR-4 Remove Existing Concrete $3.00 SF $0.00
TR-5 Remove Irrigation Structure 1 $5,000.00 EA $5,000.00 TR-6 Remove Irrigation Structure Large $10,000.00 EA $0.00 TR-7 Remove Irrigation 239 $22.50 LF $5,377.50
TR-8 Remove Existing Building $40,000.00 EA $0.00
TR-9 Remove Existing Shed 2 $5,000.00 EA $10,000.00
TR-10 Remove Existing Fence 550 $7.50 LF $4,125.00
TR-11 Remove Existing Tree $2,500.00 EA $0.00
TR-12 Joint Trench Mainline Extension 1,211 $500.00 LF $605,500.00 TR-13 Joint Trench Mainline Extension and Pole Removal $625.00 LF $0.00 TR-14 Irrigation Realignment $185.00 LF $0.00
TR-15 Irrigation Transition Structure $95,000.00 EA $0.00 TR-16 Rough Grading 3,620 $5.50 CY $19,908.98
TR-17 Erosion Control Improvements 2.2 $2,750.00 AC $6,050.00 TR-18 Street Fine Grading 92,522 $0.65 SF $60,139.30
TR-19 6" Vertical Curb and Gutter 2,422 $22.50 LF $54,495.00 TR-20 8" Median Curb $25.00 LF $0.00
TR-21 6" PCC Concrete Walk (Includes Ramps and Returns) 12,108 $6.50 SF $78,702.00 TR-22 ADA Ramp (Labor and Truncated Domes Only) $2,100.00 EA $0.00 TR-23 Mid-Block ADA Ramp (Labor and Truncated Domes Only) $1,200.00 EA $0.00 TR-24 4.0" AC over 16.0" AB Pavement 42,379 $5.75 SF $243,679.25 TR-25 Landscape w/ Irrigation (Streetscape) 38,035 $12.50 SF $475,437.50 TR-26 Landscape w/ Irrigation (Median) $12.50 SF $0.00
TR-27 8.00' Masonry Wall $232.50 LF $0.00
TR-28 MID Canal Masonry Wall and Fence $145.00 LF $0.00 TR-29 Right of Way Acquisition / Dedication 84,640 $4.00 SF $338,561.68 SUB-TOTAL OF TRANSPORTATION IMPROVEMENTS ===> $1,907,512.21 PK. PARKS
PK-1 Landscape w/ Irrigation (Basin) $6.50 SF $0.00
PK-2 Landscape w/ Irrigation (Park Area) $14.50 SF $0.00 PK-3 Landscape / Park Dedication 24,420 $4.00 SF $97,679.52 SUB-TOTAL OF TRANSPORTATION IMPROVEMENTS ===> $97,679.52 CONSTRUCTION SUB-TOTAL ===> $2,581,455.73
20% CONTINGENCY ===> $516,291.15
CONSTRUCTION TOTAL ===> $3,097,746.88
Printed: 3/4/2025 Page 37 of 51
EXHIBIT B ITEM 13
Engineer's Estimate of Probable Cost
Area 1

ITEM DESCRIPTION QUANTITY COST
SS. SANITARY SEWER
SS-1 24" PVC - Sanitary Sewer $204.00 LF $0.00
SS-2 18" PVC - Sanitary Sewer $153.00 LF $0.00
SS-3 15" PVC - Sanitary Sewer $120.00 LF $0.00
SS-4 12" PVC - Sanitary Sewer $96.00 LF $0.00
SS-5 10" PVC - Sanitary Sewer $75.00 LF $0.00
SS-6 8" PVC - Sanitary Sewer 918 $60.00 LF $55,080.00
SS-7 12" PVC - Sanitary Sewer Force Main $114.00 LF $0.00 SS-8 48" - Sanitary Sewer Manhole 1 $6,500.00 EA $6,500.00 SS-9 Connect to Existing Sewer Manhole $4,500.00 EA $0.00 SS-10 Sanitary Sewer Pump Station - Complete $2,250,000.00 LS $0.00 SUB-TOTAL OF SANITARY SEWER IMPROVEMENTS ===> $61,580.00 SD. STORM DRAINAGE
SD-1 72" RCP - Storm Drainage $504.00 LF $0.00
SD-2 60" RCP - Storm Drainage 409 $420.00 LF $171,780.00 SD-3 54" RCP - Storm Drainage 330 $351.00 LF $115,830.00 SD-4 48" RCP - Storm Drainage $312.00 LF $0.00
SD-5 42" RCP - Storm Drainage 195 $210.00 LF $40,950.00 SD-6 36" RCP - Storm Drainage 193 $180.00 LF $34,740.00 SD-7 30" RCP - Storm Drainage 1,250 $135.00 LF $168,750.00 SD-8 24" RCP - Storm Drainage 250 $108.00 LF $27,000.00 SD-9 18" RCP - Storm Drainage $72.00 LF $0.00
SD-10 12" RCP - Storm Drainage $48.00 LF $0.00
SD-11 84" - Storm Drainage Manhole 2 $9,000.00 EA $18,000.00 SD-12 60" - Storm Drainage Manhole $5,500.00 EA $0.00
SD-13 48" - Storm Drainage Manhole 1 $5,000.00 EA $5,000.00 SD-14 Storm Drainage Basin Outfall Structure 1 $12,500.00 EA $12,500.00 SD-15 Storm Drainage Basin Inlet Structure $7,500.00 EA $0.00 SD-16 Storm Drain Lift Station and Outfall to TID Facility 1 $850,000.00 EA $850,000.00 SUB-TOTAL OF STORM DRAINAGE IMPROVEMENTS ===> $1,444,550.00 WT. WATER SYSTEM
WT-1 16" PVC - Water $168.00 LF $0.00
WT-2 12" PVC - Water 2,688 $126.00 LF $338,688.00
WT-3 8" PVC - Water $84.00 LF $0.00
WT-4 16" Butterfly Valve $7,500.00 EA $0.00
WT-5 12" Butterfly Valve $4,500.00 EA $0.00
WT-6 8" Gate Valve $2,800.00 EA $0.00
WT-7 Stub and Plug Proposed Water Line $4,000.00 EA $0.00 WT-8 Connect to Existing Water Line $6,500.00 EA $0.00
WT-9 Water Well - Complete $4,000,000.00 LS $0.00
WT-9 Water Tank - Complete $10,500,000.00 LS $0.00
SUB-TOTAL OF WATER SYSTEM IMPROVEMENTS ===> $338,688.00 Copper Trails
Prepared Date - March 3, 2025
Engineer's Estimate of Probable Cost
West Infrastructure Improvements

UNIT COST
Area - 1
Printed: 3/4/2025 Page 38 of 51
EXHIBIT B ITEM 13
Engineer's Estimate of Probable Cost
Area 1

ITEM DESCRIPTION QUANTITY UNIT COST COST
NP. NON-POTABLE WATER SYSTEM
NP-1 12" PVC - Non-Potable Water $90.00 LF $0.00
NP-2 8" PVC - Non-Potable Water $60.00 LF $0.00
NP-3 12" Butterfly Valve Non-Potable $4,500.00 EA $0.00 NP-4 8" Gate Valve Non-Potable $2,800.00 EA $0.00
NP-5 Stub and Plug Proposed Non-Potable Water $1,750.00 EA $0.00 NP-6 Landscape Irrigation Well 1 $350,000.00 EA $350,000.00 SUB-TOTAL OF NON-POTABLE WATER IMPROVEMENTS ===> $350,000.00 TR. TRANSPORTATION
TR-1 Orchard Removal 60.9 $500.00 AC $30,459.45
TR-2 Sawcut Existing Pavement $4.00 LF $0.00
TR-3 Remove Existing Pavement $1.50 SF $0.00
TR-4 Remove Existing Concrete $3.00 SF $0.00
TR-5 Remove Irrigation Structure $5,000.00 EA $0.00
TR-6 Remove Irrigation Structure Large 3 $10,000.00 EA $30,000.00 TR-7 Remove Irrigation 2,966 $22.50 LF $66,735.00
TR-8 Remove Existing Building $40,000.00 EA $0.00
TR-9 Remove Existing Shed $5,000.00 EA $0.00
TR-10 Remove Existing Fence $7.50 LF $0.00
TR-11 Remove Existing Tree $2,500.00 EA $0.00
TR-12 Joint Trench Mainline Extension $500.00 LF $0.00
TR-13 Joint Trench Mainline Extension and Pole Removal $625.00 LF $0.00 TR-14 Irrigation Realignment 609 $185.00 LF $112,665.00 TR-15 Irrigation Transition Structure 1 $95,000.00 EA $95,000.00 TR-16 Rough Grading $5.50 CY $0.00
TR-17 Erosion Control Improvements $2,750.00 AC $0.00
TR-18 Street Fine Grading $0.65 SF $0.00
TR-19 6" Vertical Curb and Gutter $22.50 LF $0.00
TR-20 8" Median Curb $25.00 LF $0.00
TR-21 6" PCC Concrete Walk (Includes Ramps and Returns) 21,456 $6.50 SF $139,464.00 TR-22 ADA Ramp (Labor and Truncated Domes Only) $2,100.00 EA $0.00 TR-23 Mid-Block ADA Ramp (Labor and Truncated Domes Only) $1,200.00 EA $0.00 TR-24 4.0" AC over 16.0" AB Pavement $5.75 SF $0.00
TR-25 Landscape w/ Irrigation (Streetscape) $12.50 SF $0.00 TR-26 Landscape w/ Irrigation (Median) $12.50 SF $0.00
TR-27 8.00' Masonry Wall $232.50 LF $0.00
TR-28 MID Canal Masonry Wall and Fence 2,682 $145.00 LF $388,890.00 TR-29 Right of Way Acquisition / Dedication $4.00 SF $0.00 SUB-TOTAL OF TRANSPORTATION IMPROVEMENTS ===> $863,213.45 PK. PARKS
PK-1 Landscape w/ Irrigation (Basin) 163,364 $6.50 SF $1,061,866.00 PK-2 Landscape w/ Irrigation (Park Area) 170,194 $14.50 SF $2,467,813.00 PK-3 Landscape / Park Dedication 333,558 $4.00 SF $1,334,232.56 SUB-TOTAL OF TRANSPORTATION IMPROVEMENTS ===> $4,863,911.56 CONSTRUCTION SUB-TOTAL ===> $7,921,943.01
20% CONTINGENCY ===> $1,584,388.60
CONSTRUCTION TOTAL ===> $9,506,331.61
Printed: 3/4/2025 Page 39 of 51
EXHIBIT B ITEM 13
Engineer's Estimate of Probable Cost
Area 2

ITEM DESCRIPTION QUANTITY COST
SS. SANITARY SEWER
SS-1 24" PVC - Sanitary Sewer $204.00 LF $0.00
SS-2 18" PVC - Sanitary Sewer $153.00 LF $0.00
SS-3 15" PVC - Sanitary Sewer $120.00 LF $0.00
SS-4 12" PVC - Sanitary Sewer $96.00 LF $0.00
SS-5 10" PVC - Sanitary Sewer $75.00 LF $0.00
SS-6 8" PVC - Sanitary Sewer $60.00 LF $0.00
SS-7 12" PVC - Sanitary Sewer Force Main $114.00 LF $0.00 SS-8 48" - Sanitary Sewer Manhole $6,500.00 EA $0.00
SS-9 Connect to Existing Sewer Manhole $4,500.00 EA $0.00 SS-10 Sanitary Sewer Pump Station - Complete $2,250,000.00 LS $0.00 SUB-TOTAL OF SANITARY SEWER IMPROVEMENTS ===> $0.00
SD. STORM DRAINAGE
SD-1 72" RCP - Storm Drainage $504.00 LF $0.00
SD-2 60" RCP - Storm Drainage $420.00 LF $0.00
SD-3 54" RCP - Storm Drainage 159 $351.00 LF $55,809.00 SD-4 48" RCP - Storm Drainage 250 $312.00 LF $78,000.00 SD-5 42" RCP - Storm Drainage $210.00 LF $0.00
SD-6 36" RCP - Storm Drainage 384 $180.00 LF $69,120.00 SD-7 30" RCP - Storm Drainage 500 $135.00 LF $67,500.00 SD-8 24" RCP - Storm Drainage $108.00 LF $0.00
SD-9 18" RCP - Storm Drainage 61 $72.00 LF $4,392.00
SD-10 12" RCP - Storm Drainage 633 $48.00 LF $30,384.00 SD-11 84" - Storm Drainage Manhole $9,000.00 EA $0.00
SD-12 60" - Storm Drainage Manhole $5,500.00 EA $0.00
SD-13 48" - Storm Drainage Manhole $5,000.00 EA $0.00
SD-14 Storm Drainage Basin Outfall Structure 1 $12,500.00 EA $12,500.00 SD-15 Storm Drainage Basin Inlet Structure 4 $7,500.00 EA $30,000.00 SD-16 Storm Drain Lift Station and Outfall to TID Facility $850,000.00 EA $0.00 SUB-TOTAL OF STORM DRAINAGE IMPROVEMENTS ===> $347,705.00 WT. WATER SYSTEM
WT-1 16" PVC - Water $168.00 LF $0.00
WT-2 12" PVC - Water $126.00 LF $0.00
WT-3 8" PVC - Water $84.00 LF $0.00
WT-4 16" Butterfly Valve $7,500.00 EA $0.00
WT-5 12" Butterfly Valve $4,500.00 EA $0.00
WT-6 8" Gate Valve $2,800.00 EA $0.00
WT-7 Stub and Plug Proposed Water Line $4,000.00 EA $0.00 WT-8 Connect to Existing Water Line $6,500.00 EA $0.00
WT-9 Water Well - Complete $4,000,000.00 LS $0.00
WT-9 Water Tank - Complete $10,500,000.00 LS $0.00
SUB-TOTAL OF WATER SYSTEM IMPROVEMENTS ===> $0.00
Copper Trails
Prepared Date - March 3, 2025
Engineer's Estimate of Probable Cost
North Infrastructure Improvements

UNIT COST
Area - 2
Printed: 3/4/2025 Page 40 of 51
EXHIBIT B ITEM 13
Engineer's Estimate of Probable Cost
Area 2

ITEM DESCRIPTION QUANTITY UNIT COST COST
NP. NON-POTABLE WATER SYSTEM
NP-1 12" PVC - Non-Potable Water $90.00 LF $0.00
NP-2 8" PVC - Non-Potable Water $60.00 LF $0.00
NP-3 12" Butterfly Valve Non-Potable $4,500.00 EA $0.00 NP-4 8" Gate Valve Non-Potable $2,800.00 EA $0.00
NP-5 Stub and Plug Proposed Non-Potable Water $1,750.00 EA $0.00 NP-6 Landscape Irrigation Well 1 $350,000.00 EA $350,000.00 SUB-TOTAL OF NON-POTABLE WATER IMPROVEMENTS ===> $350,000.00 TR. TRANSPORTATION
TR-1 Orchard Removal 54.4 $500.00 AC $27,184.14
TR-2 Sawcut Existing Pavement $4.00 LF $0.00
TR-3 Remove Existing Pavement $1.50 SF $0.00
TR-4 Remove Existing Concrete $3.00 SF $0.00
TR-5 Remove Irrigation Structure 1 $5,000.00 EA $5,000.00 TR-6 Remove Irrigation Structure Large 7 $10,000.00 EA $70,000.00 TR-7 Remove Irrigation 5,777 $22.50 LF $129,982.50
TR-8 Remove Existing Building $40,000.00 EA $0.00
TR-9 Remove Existing Shed $5,000.00 EA $0.00
TR-10 Remove Existing Fence $7.50 LF $0.00
TR-11 Remove Existing Tree $2,500.00 EA $0.00
TR-12 Joint Trench Mainline Extension $500.00 LF $0.00
TR-13 Joint Trench Mainline Extension and Pole Removal $625.00 LF $0.00 TR-14 Irrigation Realignment $185.00 LF $0.00
TR-15 Irrigation Transition Structure $95,000.00 EA $0.00 TR-16 Rough Grading $5.50 CY $0.00
TR-17 Erosion Control Improvements $2,750.00 AC $0.00
TR-18 Street Fine Grading $0.65 SF $0.00
TR-19 6" Vertical Curb and Gutter $22.50 LF $0.00
TR-20 8" Median Curb $25.00 LF $0.00
TR-21 6" PCC Concrete Walk (Includes Ramps and Returns) $6.50 SF $0.00 TR-22 ADA Ramp (Labor and Truncated Domes Only) $2,100.00 EA $0.00 TR-23 Mid-Block ADA Ramp (Labor and Truncated Domes Only) $1,200.00 EA $0.00 TR-24 4.0" AC over 16.0" AB Pavement $5.75 SF $0.00
TR-25 Landscape w/ Irrigation (Streetscape) $12.50 SF $0.00 TR-26 Landscape w/ Irrigation (Median) $12.50 SF $0.00
TR-27 8.00' Masonry Wall $232.50 LF $0.00
TR-28 MID Canal Masonry Wall and Fence $145.00 LF $0.00 TR-29 Right of Way Acquisition / Dedication $4.00 SF $0.00 SUB-TOTAL OF TRANSPORTATION IMPROVEMENTS ===> $232,166.64 PK. PARKS
PK-1 Landscape w/ Irrigation (Basin) 88,517 $6.50 SF $575,360.50 PK-2 Landscape w/ Irrigation (Park Area) 98,621 $14.50 SF $1,430,004.50 PK-3 Landscape / Park Dedication 187,138 $4.00 SF $748,552.44 SUB-TOTAL OF TRANSPORTATION IMPROVEMENTS ===> $2,753,917.44 CONSTRUCTION SUB-TOTAL ===> $3,683,789.08
20% CONTINGENCY ===> $736,757.82
CONSTRUCTION TOTAL ===> $4,420,546.89
Printed: 3/4/2025 Page 41 of 51
EXHIBIT B ITEM 13
Engineer's Estimate of Probable Cost
Area 3

ITEM DESCRIPTION QUANTITY COST
SS. SANITARY SEWER
SS-1 24" PVC - Sanitary Sewer $204.00 LF $0.00
SS-2 18" PVC - Sanitary Sewer $153.00 LF $0.00
SS-3 15" PVC - Sanitary Sewer $120.00 LF $0.00
SS-4 12" PVC - Sanitary Sewer $96.00 LF $0.00
SS-5 10" PVC - Sanitary Sewer $75.00 LF $0.00
SS-6 8" PVC - Sanitary Sewer 873 $60.00 LF $52,380.00
SS-7 12" PVC - Sanitary Sewer Force Main $114.00 LF $0.00 SS-8 48" - Sanitary Sewer Manhole $6,500.00 EA $0.00
SS-9 Connect to Existing Sewer Manhole $4,500.00 EA $0.00 SS-10 Sanitary Sewer Pump Station - Complete $2,250,000.00 LS $0.00 SUB-TOTAL OF SANITARY SEWER IMPROVEMENTS ===> $52,380.00 SD. STORM DRAINAGE
SD-1 72" RCP - Storm Drainage $504.00 LF $0.00
SD-2 60" RCP - Storm Drainage $420.00 LF $0.00
SD-3 54" RCP - Storm Drainage $351.00 LF $0.00
SD-4 48" RCP - Storm Drainage $312.00 LF $0.00
SD-5 42" RCP - Storm Drainage 170 $210.00 LF $35,700.00 SD-6 36" RCP - Storm Drainage 250 $180.00 LF $45,000.00 SD-7 30" RCP - Storm Drainage 750 $135.00 LF $101,250.00 SD-8 24" RCP - Storm Drainage 1,000 $108.00 LF $108,000.00 SD-9 18" RCP - Storm Drainage $72.00 LF $0.00
SD-10 12" RCP - Storm Drainage $48.00 LF $0.00
SD-11 84" - Storm Drainage Manhole $9,000.00 EA $0.00
SD-12 60" - Storm Drainage Manhole $5,500.00 EA $0.00
SD-13 48" - Storm Drainage Manhole $5,000.00 EA $0.00
SD-14 Storm Drainage Basin Outfall Structure 1 $12,500.00 EA $12,500.00 SD-15 Storm Drainage Basin Inlet Structure $7,500.00 EA $0.00 SD-16 Storm Drain Lift Station and Outfall to TID Facility 1 $850,000.00 EA $850,000.00 SUB-TOTAL OF STORM DRAINAGE IMPROVEMENTS ===> $1,152,450.00 WT. WATER SYSTEM
WT-1 16" PVC - Water $168.00 LF $0.00
WT-2 12" PVC - Water $126.00 LF $0.00
WT-3 8" PVC - Water $84.00 LF $0.00
WT-4 16" Butterfly Valve $7,500.00 EA $0.00
WT-5 12" Butterfly Valve $4,500.00 EA $0.00
WT-6 8" Gate Valve $2,800.00 EA $0.00
WT-7 Stub and Plug Proposed Water Line $4,000.00 EA $0.00 WT-8 Connect to Existing Water Line $6,500.00 EA $0.00
WT-9 Water Well - Complete $4,000,000.00 LS $0.00
WT-9 Water Tank - Complete $10,500,000.00 LS $0.00
SUB-TOTAL OF WATER SYSTEM IMPROVEMENTS ===> $0.00
Copper Trails
Prepared Date - March 3, 2025
Engineer's Estimate of Probable Cost
South Infrastructure Improvements

UNIT COST
Area 3
Printed: 3/4/2025 Page 42 of 51
EXHIBIT B ITEM 13
Engineer's Estimate of Probable Cost
Area 3

ITEM DESCRIPTION QUANTITY UNIT COST COST
NP. NON-POTABLE WATER SYSTEM
NP-1 12" PVC - Non-Potable Water $90.00 LF $0.00
NP-2 8" PVC - Non-Potable Water $60.00 LF $0.00
NP-3 12" Butterfly Valve Non-Potable $4,500.00 EA $0.00 NP-4 8" Gate Valve Non-Potable $2,800.00 EA $0.00
NP-5 Stub and Plug Proposed Non-Potable Water $1,750.00 EA $0.00 NP-6 Landscape Irrigation Well $350,000.00 EA $0.00
SUB-TOTAL OF NON-POTABLE WATER IMPROVEMENTS ===> $0.00
TR. TRANSPORTATION
TR-1 Orchard Removal 37.1 $500.00 AC $18,542.83
TR-2 Sawcut Existing Pavement $4.00 LF $0.00
TR-3 Remove Existing Pavement $1.50 SF $0.00
TR-4 Remove Existing Concrete $3.00 SF $0.00
TR-5 Remove Irrigation Structure 8 $5,000.00 EA $40,000.00 TR-6 Remove Irrigation Structure Large 5 $10,000.00 EA $50,000.00 TR-7 Remove Irrigation 7,036 $22.50 LF $158,310.00
TR-8 Remove Existing Building $40,000.00 EA $0.00
TR-9 Remove Existing Shed $5,000.00 EA $0.00
TR-10 Remove Existing Fence $7.50 LF $0.00
TR-11 Remove Existing Tree $2,500.00 EA $0.00
TR-12 Joint Trench Mainline Extension $500.00 LF $0.00
TR-13 Joint Trench Mainline Extension and Pole Removal $625.00 LF $0.00 TR-14 Irrigation Realignment $185.00 LF $0.00
TR-15 Irrigation Transition Structure $95,000.00 EA $0.00 TR-16 Rough Grading $5.50 CY $0.00
TR-17 Erosion Control Improvements $2,750.00 AC $0.00
TR-18 Street Fine Grading $0.65 SF $0.00
TR-19 6" Vertical Curb and Gutter $22.50 LF $0.00
TR-20 8" Median Curb $25.00 LF $0.00
TR-21 6" PCC Concrete Walk (Includes Ramps and Returns) 21,006 $6.50 SF $136,539.00 TR-22 ADA Ramp (Labor and Truncated Domes Only) $2,100.00 EA $0.00 TR-23 Mid-Block ADA Ramp (Labor and Truncated Domes Only) $1,200.00 EA $0.00 TR-24 4.0" AC over 16.0" AB Pavement $5.75 SF $0.00
TR-25 Landscape w/ Irrigation (Streetscape) $12.50 SF $0.00 TR-26 Landscape w/ Irrigation (Median) $12.50 SF $0.00
TR-27 8.00' Masonry Wall $232.50 LF $0.00
TR-28 MID Canal Masonry Wall and Fence 2,616 $145.00 LF $379,320.00 TR-29 Right of Way Acquisition / Dedication $4.00 SF $0.00 SUB-TOTAL OF TRANSPORTATION IMPROVEMENTS ===> $782,711.83 PK. PARKS
PK-1 Landscape w/ Irrigation (Basin) 186,120 $6.50 SF $1,209,780.00 PK-2 Landscape w/ Irrigation (Park Area) 156,369 $14.50 SF $2,267,350.50 PK-3 Landscape / Park Dedication 342,488 $4.00 SF $1,369,952.48 SUB-TOTAL OF TRANSPORTATION IMPROVEMENTS ===> $4,847,082.98 CONSTRUCTION SUB-TOTAL ===> $6,834,624.81
20% CONTINGENCY ===> $1,366,924.96
CONSTRUCTION TOTAL ===> $8,201,549.77
Printed: 3/4/2025 Page 43 of 51
EXHIBIT B ITEM 13
Engineer's Estimate of Probable Cost
Area 4

ITEM DESCRIPTION QUANTITY COST
SS. SANITARY SEWER
SS-1 24" PVC - Sanitary Sewer $204.00 LF $0.00
SS-2 18" PVC - Sanitary Sewer $153.00 LF $0.00
SS-3 15" PVC - Sanitary Sewer $120.00 LF $0.00
SS-4 12" PVC - Sanitary Sewer $96.00 LF $0.00
SS-5 10" PVC - Sanitary Sewer $75.00 LF $0.00
SS-6 8" PVC - Sanitary Sewer $60.00 LF $0.00
SS-7 12" PVC - Sanitary Sewer Force Main $114.00 LF $0.00 SS-8 48" - Sanitary Sewer Manhole $6,500.00 EA $0.00
SS-9 Connect to Existing Sewer Manhole $4,500.00 EA $0.00 SS-10 Sanitary Sewer Pump Station - Complete $2,250,000.00 LS $0.00 SUB-TOTAL OF SANITARY SEWER IMPROVEMENTS ===> $0.00
SD. STORM DRAINAGE
SD-1 72" RCP - Storm Drainage 349 $504.00 LF $175,896.00 SD-2 60" RCP - Storm Drainage $420.00 LF $0.00
SD-3 54" RCP - Storm Drainage $351.00 LF $0.00
SD-4 48" RCP - Storm Drainage 1,000 $312.00 LF $312,000.00 SD-5 42" RCP - Storm Drainage 309 $210.00 LF $64,890.00 SD-6 36" RCP - Storm Drainage 1,250 $180.00 LF $225,000.00 SD-7 30" RCP - Storm Drainage 500 $135.00 LF $67,500.00 SD-8 24" RCP - Storm Drainage $108.00 LF $0.00
SD-9 18" RCP - Storm Drainage $72.00 LF $0.00
SD-10 12" RCP - Storm Drainage $48.00 LF $0.00
SD-11 84" - Storm Drainage Manhole $9,000.00 EA $0.00
SD-12 60" - Storm Drainage Manhole $5,500.00 EA $0.00
SD-13 48" - Storm Drainage Manhole $5,000.00 EA $0.00
SD-14 Storm Drainage Basin Outfall Structure 1 $12,500.00 EA $12,500.00 SD-15 Storm Drainage Basin Inlet Structure $7,500.00 EA $0.00 SD-16 Storm Drain Lift Station and Outfall to TID Facility 1 $850,000.00 EA $850,000.00 SUB-TOTAL OF STORM DRAINAGE IMPROVEMENTS ===> $1,707,786.00 WT. WATER SYSTEM
WT-1 16" PVC - Water 158 $168.00 LF $26,544.00
WT-2 12" PVC - Water $126.00 LF $0.00
WT-3 8" PVC - Water $84.00 LF $0.00
WT-4 16" Butterfly Valve $7,500.00 EA $0.00
WT-5 12" Butterfly Valve $4,500.00 EA $0.00
WT-6 8" Gate Valve $2,800.00 EA $0.00
WT-7 Stub and Plug Proposed Water Line $4,000.00 EA $0.00 WT-8 Connect to Existing Water Line $6,500.00 EA $0.00
WT-9 Water Well - Complete $4,000,000.00 LS $0.00
WT-9 Water Tank - Complete $10,500,000.00 LS $0.00
SUB-TOTAL OF WATER SYSTEM IMPROVEMENTS ===> $26,544.00
Copper Trails
Prepared Date - March 3, 2025
Engineer's Estimate of Probable Cost
East Infrastructure Improvements

UNIT COST
Area 4
Printed: 3/4/2025 Page 44 of 51
EXHIBIT B ITEM 13
Engineer's Estimate of Probable Cost
Area 4

ITEM DESCRIPTION QUANTITY UNIT COST COST
NP. NON-POTABLE WATER SYSTEM
NP-1 12" PVC - Non-Potable Water $90.00 LF $0.00
NP-2 8" PVC - Non-Potable Water $60.00 LF $0.00
NP-3 12" Butterfly Valve Non-Potable $4,500.00 EA $0.00 NP-4 8" Gate Valve Non-Potable $2,800.00 EA $0.00
NP-5 Stub and Plug Proposed Non-Potable Water $1,750.00 EA $0.00 NP-6 Landscape Irrigation Well 1 $350,000.00 EA $350,000.00 SUB-TOTAL OF NON-POTABLE WATER IMPROVEMENTS ===> $350,000.00 TR. TRANSPORTATION
TR-1 Orchard Removal 75.8 $500.00 AC $37,896.55
TR-2 Sawcut Existing Pavement $4.00 LF $0.00
TR-3 Remove Existing Pavement $1.50 SF $0.00
TR-4 Remove Existing Concrete $3.00 SF $0.00
TR-5 Remove Irrigation Structure 1 $5,000.00 EA $5,000.00 TR-6 Remove Irrigation Structure Large 4 $10,000.00 EA $40,000.00 TR-7 Remove Irrigation 9,665 $22.50 LF $217,462.50
TR-8 Remove Existing Building $40,000.00 EA $0.00
TR-9 Remove Existing Shed $5,000.00 EA $0.00
TR-10 Remove Existing Fence $7.50 LF $0.00
TR-11 Remove Existing Tree $2,500.00 EA $0.00
TR-12 Joint Trench Mainline Extension $500.00 LF $0.00
TR-13 Joint Trench Mainline Extension and Pole Removal $625.00 LF $0.00 TR-14 Irrigation Realignment $185.00 LF $0.00
TR-15 Irrigation Transition Structure $95,000.00 EA $0.00 TR-16 Rough Grading $5.50 CY $0.00
TR-17 Erosion Control Improvements $2,750.00 AC $0.00
TR-18 Street Fine Grading $0.65 SF $0.00
TR-19 6" Vertical Curb and Gutter $22.50 LF $0.00
TR-20 8" Median Curb $25.00 LF $0.00
TR-21 6" PCC Concrete Walk (Includes Ramps and Returns) 5,472 $6.50 SF $35,568.00 TR-22 ADA Ramp (Labor and Truncated Domes Only) $2,100.00 EA $0.00 TR-23 Mid-Block ADA Ramp (Labor and Truncated Domes Only) $1,200.00 EA $0.00 TR-24 4.0" AC over 16.0" AB Pavement $5.75 SF $0.00
TR-25 Landscape w/ Irrigation (Streetscape) $12.50 SF $0.00 TR-26 Landscape w/ Irrigation (Median) $12.50 SF $0.00
TR-27 8.00' Masonry Wall $232.50 LF $0.00
TR-28 MID Canal Masonry Wall and Fence 2,728 $145.00 LF $395,560.00 TR-29 Right of Way Acquisition / Dedication 259,593 $4.00 SF $1,038,372.36 SUB-TOTAL OF TRANSPORTATION IMPROVEMENTS ===> $1,769,859.41 PK. PARKS
PK-1 Landscape w/ Irrigation (Basin) 193,602 $6.50 SF $1,258,413.00 PK-2 Landscape w/ Irrigation (Park Area) 310,009 $14.50 SF $4,495,130.50 PK-3 Landscape / Park Dedication 575,364 $4.00 SF $2,301,455.28 SUB-TOTAL OF TRANSPORTATION IMPROVEMENTS ===> $8,054,998.78 CONSTRUCTION SUB-TOTAL ===> $11,909,188.19
20% CONTINGENCY ===> $2,381,837.64
CONSTRUCTION TOTAL ===> $14,291,025.83
Printed: 3/4/2025 Page 45 of 51
EXHIBIT B ITEM 13
Engineer's Estimate of Probable Cost
Regional

ITEM DESCRIPTION QUANTITY COST
SS. SANITARY SEWER
SS-1 24" PVC - Sanitary Sewer $204.00 LF $0.00
SS-2 18" PVC - Sanitary Sewer $153.00 LF $0.00
SS-3 15" PVC - Sanitary Sewer $120.00 LF $0.00
SS-4 12" PVC - Sanitary Sewer $96.00 LF $0.00
SS-5 10" PVC - Sanitary Sewer $75.00 LF $0.00
SS-6 8" PVC - Sanitary Sewer $60.00 LF $0.00
SS-7 12" PVC - Sanitary Sewer Force Main $114.00 LF $0.00 SS-8 48" - Sanitary Sewer Manhole $6,500.00 EA $0.00
SS-9 Connect to Existing Sewer Manhole $4,500.00 EA $0.00 SS-10 Sanitary Sewer Pump Station - Complete 1 $2,250,000.00 LS $2,250,000.00 SUB-TOTAL OF SANITARY SEWER IMPROVEMENTS ===> $2,250,000.00 SD. STORM DRAINAGE
SD-1 72" RCP - Storm Drainage $504.00 LF $0.00
SD-2 60" RCP - Storm Drainage $420.00 LF $0.00
SD-3 54" RCP - Storm Drainage $351.00 LF $0.00
SD-4 48" RCP - Storm Drainage $312.00 LF $0.00
SD-5 42" RCP - Storm Drainage $210.00 LF $0.00
SD-6 36" RCP - Storm Drainage $180.00 LF $0.00
SD-7 30" RCP - Storm Drainage $135.00 LF $0.00
SD-8 24" RCP - Storm Drainage $108.00 LF $0.00
SD-9 18" RCP - Storm Drainage $72.00 LF $0.00
SD-10 12" RCP - Storm Drainage $48.00 LF $0.00
SD-11 84" - Storm Drainage Manhole $9,000.00 EA $0.00
SD-12 60" - Storm Drainage Manhole $5,500.00 EA $0.00
SD-13 48" - Storm Drainage Manhole $5,000.00 EA $0.00
SD-14 Storm Drainage Basin Outfall Structure $12,500.00 EA $0.00 SD-15 Storm Drainage Basin Inlet Structure $7,500.00 EA $0.00 SD-16 Storm Drain Lift Station and Outfall to TID Facility $850,000.00 EA $0.00 SUB-TOTAL OF STORM DRAINAGE IMPROVEMENTS ===> $0.00
WT. WATER SYSTEM
WT-1 16" PVC - Water $168.00 LF $0.00
WT-2 12" PVC - Water $126.00 LF $0.00
WT-3 8" PVC - Water $84.00 LF $0.00
WT-4 16" Butterfly Valve $7,500.00 EA $0.00
WT-5 12" Butterfly Valve $4,500.00 EA $0.00
WT-6 8" Gate Valve $2,800.00 EA $0.00
WT-7 Stub and Plug Proposed Water Line $4,000.00 EA $0.00 WT-8 Connect to Existing Water Line $6,500.00 EA $0.00
WT-9 Water Well - Complete 1 $4,000,000.00 LS $4,000,000.00 WT-9 Water Tank - Complete 1 $10,500,000.00 LS $10,500,000.00 SUB-TOTAL OF WATER SYSTEM IMPROVEMENTS ===> $14,500,000.00 Copper Trails
Prepared Date - March 3, 2025
Engineer's Estimate of Probable Cost
Shared Infrastructure Improvements

UNIT COST
Regional
Printed: 3/4/2025 Page 46 of 51
EXHIBIT B ITEM 13
Engineer's Estimate of Probable Cost
Regional

ITEM DESCRIPTION QUANTITY UNIT COST COST
NP. NON-POTABLE WATER SYSTEM
NP-1 12" PVC - Non-Potable Water $90.00 LF $0.00
NP-2 8" PVC - Non-Potable Water $60.00 LF $0.00
NP-3 12" Butterfly Valve Non-Potable $4,500.00 EA $0.00 NP-4 8" Gate Valve Non-Potable $2,800.00 EA $0.00
NP-5 Stub and Plug Proposed Non-Potable Water $1,750.00 EA $0.00 NP-6 Landscape Irrigation Well $350,000.00 EA $0.00
SUB-TOTAL OF NON-POTABLE WATER IMPROVEMENTS ===> $0.00
TR. TRANSPORTATION
TR-1 Orchard Removal $500.00 AC $0.00
TR-2 Sawcut Existing Pavement $4.00 LF $0.00
TR-3 Remove Existing Pavement $1.50 SF $0.00
TR-4 Remove Existing Concrete $3.00 SF $0.00
TR-5 Remove Irrigation Structure $5,000.00 EA $0.00
TR-6 Remove Irrigation Structure Large $10,000.00 EA $0.00 TR-7 Remove Irrigation $22.50 LF $0.00
TR-8 Remove Existing Building $40,000.00 EA $0.00
TR-9 Remove Existing Shed $5,000.00 EA $0.00
TR-10 Remove Existing Fence $7.50 LF $0.00
TR-11 Remove Existing Tree $2,500.00 EA $0.00
TR-12 Joint Trench Mainline Extension $500.00 LF $0.00
TR-13 Joint Trench Mainline Extension and Pole Removal $625.00 LF $0.00 TR-14 Irrigation Realignment $185.00 LF $0.00
TR-15 Irrigation Transition Structure $95,000.00 EA $0.00 TR-16 Rough Grading $5.50 CY $0.00
TR-17 Erosion Control Improvements $2,750.00 AC $0.00
TR-18 Street Fine Grading $0.65 SF $0.00
TR-19 6" Vertical Curb and Gutter $22.50 LF $0.00
TR-20 8" Median Curb $25.00 LF $0.00
TR-21 6" PCC Concrete Walk (Includes Ramps and Returns) $6.50 SF $0.00 TR-22 ADA Ramp (Labor and Truncated Domes Only) $2,100.00 EA $0.00 TR-23 Mid-Block ADA Ramp (Labor and Truncated Domes Only) $1,200.00 EA $0.00 TR-24 4.0" AC over 16.0" AB Pavement $5.75 SF $0.00
TR-25 Landscape w/ Irrigation (Streetscape) $12.50 SF $0.00 TR-26 Landscape w/ Irrigation (Median) $12.50 SF $0.00
TR-27 8.00' Masonry Wall $232.50 LF $0.00
TR-28 MID Canal Masonry Wall and Fence $145.00 LF $0.00 TR-29 Right of Way Acquisition / Dedication $4.00 SF $0.00 SUB-TOTAL OF TRANSPORTATION IMPROVEMENTS ===> $0.00
PK. PARKS
PK-1 Landscape w/ Irrigation (Basin) $6.50 SF $0.00
PK-2 Landscape w/ Irrigation (Park Area) $14.50 SF $0.00 PK-3 Landscape / Park Dedication $4.00 SF $0.00
SUB-TOTAL OF TRANSPORTATION IMPROVEMENTS ===> $0.00
CONSTRUCTION SUB-TOTAL ===> $16,750,000.00
20% CONTINGENCY ===> $3,350,000.00
CONSTRUCTION TOTAL ===> $20,100,000.00
Printed: 3/4/2025 Page 47 of 51
EXHIBIT B ITEM 13
UNITS
ITEM DESCRIPTION [B] TOTAL FEE REF
A. CITY OF CERES CAPITAL FEES AVAILABLE FOR FEE CREDIT (LDR)

1. Wastewater Fee $ un 988 7,558.88 $ 7,468,170.75 A

2. Parks and Recreation Fee $ un 988 6,422.09 $ 6,345,021.36 A

3. Transportation Fee $ un 988 3,849.19 $ 3,803,003.06 A

4. Water System Fee $ un 988 8,493.59 $ 8,391,667.71 A
$ 26,323.75 $ 26,007,862.88

PER UNIT SUB-TOTAL
B. CITY OF CERES CAPITAL FEES AVAILABLE FOR FEE CREDIT (MDR)

1. Wastewater Fee $ un 298 6,576.32 $ 1,959,742.68 A

2. Parks and Recreation Fee $ un 298 5,551.47 $ 1,654,338.10 A

3. Transportation Fee $ un 298 3,849.19 $ 1,147,059.63 A

4. Water System Fee $ un 298 4,535.33 $ 1,351,527.26 A
$ 20,512.31 $ 6,112,667.67

PER UNIT SUB-TOTAL
C. CITY OF CERES CAPITAL FEES AVAILABLE FOR FEE CREDIT (MHDR & HDR))

1. Wastewater Fee $ un 1,022 6,576.32 $ 6,720,996.72 A

2. Parks and Recreation Fee $ un 1,022 5,551.47 $ 5,673,602.49 A

3. Transportation Fee $ un 1,022 2,194.10 $ 2,242,373.92 A

4. Water System Fee $ un 1,022 4,535.33 $ 4,635,103.55 A $ 18,857.22 $ 19,272,076.68

PER UNIT SUB-TOTAL
D. CITY OF CERES CAPITAL FEES AVAILABLE FOR FEE CREDIT (COM)

1. Wastewater Fee $ ksf 1,170 1,409.85 $ 1,649,529.13 A

2. Parks and Recreation Fee $ ksf 1,170 329.43 $ 385,428.88 A

3. Transportation Fee $ ksf 1,170 9,968.59 $ 11,663,246.18 A

4. Water System Fee $ ksf 1,170 1,953.13 $ 2,285,165.28 A $ 13,661.00 $ 15,983,369.48
PER 1,000 SF SUB-TOTAL
$ 67,375,976.71

GRAND TOTAL
ASSUMPTIONS AND NOTES:

A. Fees are based on City of Ceres Cost Fee Schedule, Effective October 1, 2013 with 24.34% Increase per ENR. - Copper Trails
Prepared Date - March 3, 2025
Engineer's Estimate of Probable Cost
Capital Facilities Cost Fee Schedule Including 24.34% Increase

UNIT COST
Printed: 3/4/2025 Page 48 of 51
EXHIBIT B ITEM 13
Engineer's Estimate of Probable Cost
Fee Credits and Reimbursements
ITEM

CAPITAL FACILITY

FEE AVAILABLE FOR
CREDIT

TOTAL CAPITAL FACILITY

FEE CREDIT UTILIZED

REMAINING CAPITAL

FACILITY FEE DEVELOPER

RESPONSIBILITY
[R2]

REMAINING IMPROVEMENTS

AVAILABLE FOR FINANCE

DISTRICT AND/OR AREA OF

BENEFIT REIMBURSEMENT
[R3]
A.
- Summary - Sanitary Sewer -

1. Summary - Sanitary Sewer $6,932,950.56
TOTAL ===> $6,932,950.56 $17,798,439.29
B.
- Summary - Parks -

1. Summary - Parks $36,423,357.24
TOTAL ===> $36,423,357.24 $14,058,390.84
C.
- Summary - Transportation -

1. Summary - Transportation $82,216,495.43
TOTAL ===> $82,216,495.43 $18,855,682.79
D.
- Summary - Water System -

1. Summary - Water System $26,217,224.64
TOTAL ===> $26,217,224.64 $16,663,463.79
$151,790,027.87 $56,510,487.98 $95,279,539.89

TOTAL AVAILABLE FOR

FEE CREDIT AND/OR

REIMBURSEMENT

TOTAL AVAILABLE CAPITAL

FACILITY FEE CREDIT

TOTAL AVAILABLE FOR FINANCE

DISTRICT AND/OR AOB

REIMBURSEMENT

PROJECT CONSTRUCTION COST SUMMARY - WATER SYSTEM
$16,663,463.79 NO REMAINING FEE $9,553,760.85
Copper Trails
Prepared Date - March 3, 2025
Engineer's Estimate of Probable Cost
Preliminary Capital Facility Fee Credits and Financing District Reimbursement

IMPROVEMENTS AVAILABLE FOR FEE CREDIT AND/OR

FINANCING DISTRICT REIMBURSEMENT

PROJECT CONSTRUCTION COST SUMMARY - SANITARY SEWER
Wastewater Fee
Parks and Recreation
Fee
Transportation Fee
Water System Fee
$6,932,950.56 $10,865,488.73 NO REIMBURSEMENT AGREEMENT NEEDED

PROJECT CONSTRUCTION COST SUMMARY - PARKS
$14,058,390.84 NO REMAINING FEE $22,364,966.39

PROJECT CONSTRUCTION COST SUMMARY - TRANSPORTATION
$18,855,682.79 NO REMAINING FEE $63,360,812.65
Printed: 3/4/2025
Fee Credits and Reimbursements

Page 49 of 51 ends

EXHIBIT B
ITEM 13
Engineer's Estimate of Probable Cost
Fee Credits and Reimbursements
ITEM

CAPITAL FACILITY

FEE AVAILABLE FOR
CREDIT

TOTAL CAPITAL FACILITY

FEE CREDIT UTILIZED

REMAINING CAPITAL

FACILITY FEE DEVELOPER

RESPONSIBILITY
[R2]

REMAINING IMPROVEMENTS

AVAILABLE FOR FINANCE

DISTRICT AND/OR AREA OF

BENEFIT REIMBURSEMENT
[R3]

IMPROVEMENTS AVAILABLE FOR FEE CREDIT AND/OR

FINANCING DISTRICT REIMBURSEMENT
REIMBURSEMENT NOTES:

R1.R2.R3. The developer responsibility for these improvements is larger than the available Fee Credits. The remaining improvements to be included in a Finance District and/or Area of Benefit Reimbursement.The developer responsibility for these improvements is smaller than the available Fee Credits. The remaining Capital Facility Fee is the responsibility of the Developer to be paid at the time of building permit.Improvement Costs provided above include 20% Contingency and 20% Soft Costs Printed: 3/4/2025
Fee Credits and Reimbursements

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EXHIBIT B
ITEM 13
Engineer's Estimate of Probable Cost
General Notes
General Notes

1. 2.

3. a. Development Agreement fees
b. Architectural for Production Homes
c. Fees for Lighting and Landscape, Assessment, Mello-Roos District or similar Districts d. Land costs, additional right-of-way acquisition, easements, or rights-of-entry e. Bond Premiums
f. Overhead Charges including Developer's Internal Company Overhead g. Costs associated with toxic substance removal or over excavation of unsuitable soils h. Costs associated with finding on-site human, archaeological, or tribal remains. i. Provisions for Inflation

4. This Engineer's Estimate of Probable Cost includes preliminary Soft Costs (20%) which includes the following:
(The percentages provided below are assumed and may vary depending on specific job requirements) a. Engineering Plans and Studies (3%)
b. Geotechnical Studies, Services or Construction Support (2%) c. Construction Staking (1.5%)
d. Legal Services (2%)
e. Landscape Architectural Services (0.5%)
f. Joint Trench Plan or Consulting (0.5%)
g. Community Services District Formation and Annexation (0.5%) h. Biological Site Surveys (0.5%)
i. Construction Management and Inspections (4%)
j. PG&E Fees (1%)
k. Site / Field Indirect Costs (4%)
l. SWPPP and BMP Inspections (0.5%)

5. a. Mobilization, jobsite trailers, site security, and temporary power for construction b. Testing per City of Stockton requirements
c. Strict adherence to the City of Manteca current standards and specifications. d. Construction Management Service, Field Supervision, and Special Inspection Service e. SWPPP Maintenance Costs

6. Copper Trails
Engineer's Estimate of Probable Cost
This estimate does not includes Backbone and Major Infrastructure Improvements Only. Mass Grading, In-Tract, and On-SIte Improvements are not included in this estimate.

This Preliminary Engineer's Estimate of Probable Cost is based upon preliminary information and is provided to assist the project proponent. Units costs are based on local knowledge, previous project bids, and coordination with contractors. Units costs are subject to change.

This Preliminary Engineer's Estimate of Probable Cost is based on the Copper Trails Master Plans prepared by NorthStar Engineering, Inc. titled "Preliminary Master Plans Copper Trails", dated December, 2024. Changes or increases may occur upon processing Entitlements, preparation of Civil Designs and/or Improvement Plan processing and approvals.

Prepared Date - March 3, 2025
The Contractor shall include sufficient costs for the following items which have not been included in this estimate.

This Engineer's Estimate of Probable Cost does not include the following:

Printed: 3/4/2025 Page 51 of 51
EXHIBIT B ITEM 13
Appendix C:

Estimated Fee Revenue from Existing and Proposed fee Programs Table C-1 Infrastructure Cost Burden Analysis................................................................C-1 Table C-2 Estimated Fee Revenue - Area 1 ......................................................................C-3 Table C-3 Estimated Fee Revenue - Area 2 ......................................................................C-4 Table C-4 Estimated Fee Revenue - Area 3 ......................................................................C-5 Table C-5 Estimated Fee Revenue - Area 4 ......................................................................C-6 EXHIBIT B ITEM 13
DRAFT

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Table C-1Copper Trails Specific PlanPublic Facilities Financing PlanInfrastructure Cost Burden Analysis (2025$)Item LDR MDR MHDR HDR Commercial Hotel OfficeFinished Unit Selling Price $550,000 $520,000 $490,000 $310,000 ---Nonres. Value per 1,000 Building Sq. Ft. - - - - $160,000 $250,000 $220,000 Assumptions
Acres 177.6 37.6 16.8 28.9 80.6 13.4 13.4Units 988 338 336 730 - - - Nonresidential Bldg. Sq. Ft. 877,190 146,198 146,198Average Units Per Acre/Average Floor Area Ratio 5.5 9.0 20.0 25.0 0.25 0.25 0.25Hotel Rooms - - - - - 150 - Building Valuation
Construction Type VB VB VA VA IIB IB IIB
Use Group R-3 R-3 R-2 R-2 M R-1 B
Unit Size (Bldg. Sq. Ft.) 2,200 1,800 1,200 1,000 - - - Garage Size (Bldg. Sq. Ft.) 450 400 - - - - - Total Building Square Feet per Unit 2,650 2,200 1,200 1,000 - - - Valuation per Bldg. Sq. Ft. (Feb. 2025) $169.09 $169.09 $160.82 $160.82 $175.31 $268.29 $265.76Valuation per Bldg. Sq. Ft. - Garage (Feb. 2025) $66.20 $66.20 - - - - - Building Valuation per Unit/1,000 Bldg. Sq. Ft. $401,788 $330,842 $192,984 $160,820 $175,310 $268,290 $265,760Building Valuation per Nonres. Building Permit (5,000 Bldg. Sq. Ft.) $876,550 $1,341,450 $1,328,800 Existing Fees
City Building Permit Processing Fees
Building Permit $3,600 $3,165 $2,320 $2,123 $1,262 $1,687 $1,676 Plan Check $504 $443 $325 $297 $883 $1,181 $1,173
Permit Processing $73 $73 $73 $73 $15 $15 $15Technology Enhancement $180 $158 $116 $106 $63 $84 $84 General Plan/Zoning Code Update $180 $158 $116 $106 $63 $84 $84 Fire Plan Check [1] $326 $266 $178 $148 $148 $148 $148
Fire Sprinkler System Test and Inspection [1] [2] $342 $342 $105 $105 $105 $105 $105 Seismic/Strong Motion $52 $43 $25 $21 $49 $75 $74
SB1473 California Building Standards Fee $17 $14 $8 $7 $7 $11 $11 Subtotal $5,274 $4,663 $3,265 $2,986 $2,594 $3,389 $3,369 Per Residential Unit Per 1,000 Bldg. Sq. Ft.

Fees Current as of:
07/01/2025
Residential Nonresidential
Single-Family Multifamily
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Table C-1Copper Trails Specific PlanPublic Facilities Financing PlanInfrastructure Cost Burden Analysis (2025$)Item LDR MDR MHDR HDR Commercial Hotel Office Fees Current as of:
07/01/2025
Residential Nonresidential
Single-Family Multifamily
City Public Facilities Fees (Proposed)
Police $1,474 $1,206 $816 $680 $210 $210 $462
Fire $1,298 $1,062 $708 $590 $183 $183 $402General Government Facilities $2,354 $1,926 $1,284 $1,070 $333 $333 $731Parks and Recreation $19,030 $15,570 $10,380 $8,650 $867 $867 $1,905Wastewater $14,058 $11,502 $9,888 $8,240 $908 $908 $2,522Water $11,187 $11,187 $5,593 $5,593 $2,237 $2,237 $2,237Transportation $6,468 $5,292 $2,832 $2,360 $9,144 $9,144 $7,746 Administration (5%) $2,793 $2,387 $1,575 $1,359 $694 $694 $800 Subtotal $58,662 $50,132 $33,076 $28,542 $14,576 $14,576 $16,805 County/Special District Fees
Ceres Unified School District Facilities Fee [3] $11,374 $9,306 $6,204 $5,170 $840 $840 $840 County Impact Fee [4] $7,310 $7,310 $4,825 $4,825 $4,050 $886 $5,109 Subtotal $18,684 $16,616 $11,029 $9,995 $4,890 $1,726 $5,949 Total Existing Fees $82,620 $71,411 $47,371 $41,523 $22,061 $19,692 $26,123 Preliminary CTSP Fee Program [5] $24,251 $21,090 $11,864 $11,268 $33,308 $33,308 $28,992Total Infrastructure Burden $106,871 $92,501 $59,235 $52,791 $55,369 $53,000 $55,115Total Infrastructure Burden as a Percentage of Estimated Sales Price or Value 19.4% 17.8% 12.1% 17.0% 34.6% 21.2% 25.1% Source: City of Ceres; County of Stanislaus; Ceres Unified School District; The Gregory Group; CoStar; EPS.[1] Fire permit processing fees equal to City of Modesto permit processing fees.[2] Multifamily and commercial fees are per riser. This analysis assumes 1 riser per 5 multifamily units and 1 riser per 5,000 nonresidential building square feet.[3] $5.17 per sq. ft. for residential development and $0.84 per sq. ft. for nonresidential development through June 30,2026 based on CUSD Developer Fee Guide. [4] County Impact Fee includes components for animal services, behavioral health, criminal justice, detention, emergency services, health, library, other County facilities, regional parks, County-wide IT, and regional transportation. Hotel rate based on $864 per room.[5] See Table 5 for detailed cost allocation by improvement type.

Upper Range of Feasibility = 15-20%
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Table C-2Copper Trails Specific PlanPublic Facilities Financing PlanEstimated Fee Revenue - Area 1 (2025$) Item LDR MDR MHDR HDR Commercial Hotel Office
Dwelling Units [1] 421 155 - 179 - - - 755
Building Square Feet [1] - - - - - - - 0
City Building Permit Processing Fees [2] $2,220,263 $722,778 - $534,460 - - - $3,477,501 City Development Impact Fees [2]
Police $620,554 $186,930 - $121,720 - - - $929,204
Fire $546,458 $164,610 - $105,610 - - - $816,678General Government Facilities $991,034 $298,530 - $191,530 - - - $1,481,094 Parks and Recreation $8,011,630 $2,413,350 - $1,548,350 - - - $11,973,330Wastewater $5,918,418 $1,782,810 - $1,474,960 - - - $9,176,188Water $4,709,681 $1,733,968 - $1,001,226 - - - $7,444,875 Transportation $2,723,028 $820,260 - $422,440 - - - $3,965,728Total City Development Impact Fees $23,520,803 $7,400,458 - $4,865,836 - - - $35,787,097 County/Special District Fees [2]
Ceres Unified School District Facilities Fee $4,788,454 $1,442,430 - $925,430 - - - $7,156,314 County Impact Fee $3,077,510 $1,133,050 - $863,675 - - - $5,074,235Total Other/Special District Fees $7,865,964 $2,575,480 - $1,789,105 - - - $12,230,549 CTSP Fees $10,209,671 $3,268,950 - $2,016,972 - - - $15,495,593 Total Fees Per Unit/1,000 Sq. Ft. $43,816,700 $13,967,666 - $9,206,374 - - - $66,990,740 Source: Wood Rodgers; NorthStar Engineering; City of Ceres; County of Stanislaus; Ceres Unified School District; EPS.[1] See Table 1 for details.[2] See Table C-1 for fees per unit or 1,000 nonresidential building square feet. Fee revenue calculated as fee * dwelling units or 1,000 bldg. sq. ft.

Total
(Rounded)
Residential Nonresidential
Single-Family Multifamily
Area 1
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Table C-3Copper Trails Specific PlanPublic Facilities Financing PlanEstimated Fee Revenue - Area 2 (2025$) Item LDR MDR MHDR HDR Commercial Hotel Office
Dwelling Units [1] 265 104 - 222 - - - 591Building Square Feet [1] - - - - - - - 0 City Building Permit Processing Fees [2] $1,397,553 $484,961 - $662,850 - - - $2,545,364 City Development Impact Fees [2]
Police $390,610 $125,424 - $150,960 - - - $666,994
Fire $343,970 $110,448 - $130,980 - - - $585,398General Government Facilities $623,810 $200,304 - $237,540 - - - $1,061,654 Parks and Recreation $5,042,950 $1,619,280 - $1,920,300 - - - $8,582,530Wastewater $3,725,370 $1,196,208 - $1,829,280 - - - $6,750,858Water $2,964,526 $1,163,437 - $1,241,744 - - - $5,369,707 Transportation $1,714,020 $550,368 - $523,920 - - - $2,788,308Total City Development Impact Fees $14,805,256 $4,965,469 - $6,034,724 - - - $25,805,449 County/Special District Fees [2]
Ceres Unified School District Facilities Fee $3,014,110 $967,824 - $1,147,740 - - - $5,129,674 County Impact Fee $1,937,150 $760,240 - $1,071,150 - - - $3,768,540Total Other/Special District Fees $4,951,260 $1,728,064 - $2,218,890 - - - $8,898,214 CTSP Fees $6,426,515 $2,193,360 - $2,501,496 - - - $11,121,371Total Fees Per Unit/1,000 Sq. Ft. $21,154,068 $7,178,493 - $8,916,465 - - - $37,249,027 Source: Wood Rodgers; NorthStar Engineering; City of Ceres; County of Stanislaus; Ceres Unified School District; EPS.[1] See Table 1 for details.[2] See Table C-1 for fees per unit or 1,000 nonresidential building square feet. Fee revenue calculated as fee * dwelling units or 1,000 bldg. sq. ft.

Total
(Rounded)
Residential Nonresidential
Single-Family Multifamily
Area 2
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Table C-4Copper Trails Specific PlanPublic Facilities Financing PlanEstimated Fee Revenue - Area 3 (2025$) Item LDR MDR MHDR HDR Commercial Hotel Office
Dwelling Units [1] 302 79 154 - - - - 535
Building Square Feet [1] - - - - - - - 0
City Building Permit Processing Fees [2] $1,592,683 $368,384 $502,822 - - - - $2,463,888City Development Impact Fees [2] Police $445,148 $95,274 $125,664 - - - - $666,086
Fire $391,996 $83,898 $109,032 - - - - $584,926General Government Facilities $710,908 $152,154 $197,736 - - - - $1,060,798Parks and Recreation $5,747,060 $1,230,030 $1,598,520 - - - - $8,575,610Wastewater $4,245,516 $908,658 $1,522,752 - - - - $6,676,926Water $3,378,441 $883,764 $861,390 - - - - $5,123,595 Transportation $1,953,336 $418,068 $436,128 - - - - $2,807,532Total City Development Impact Fees $16,872,405 $3,771,846 $4,851,222 - - - - $25,495,473 County/Special District Fees [2]
Ceres Unified School District Facilities Fee $3,434,948 $735,174 $955,416 - - - - $5,125,538 County Impact Fee $2,207,620 $577,490 $743,050 - - - - $3,528,160Total Other/Special District Fees $5,642,568 $1,312,664 $1,698,466 - - - - $8,653,698 CTSP Fees $7,323,802 $1,666,110 $1,827,056 - - - - $10,816,968Total Fees Per Unit/1,000 Sq. Ft. $24,107,655 $5,452,894 $7,052,510 - - - - $36,613,059 Source: Wood Rodgers; NorthStar Engineering; City of Ceres; County of Stanislaus; Ceres Unified School District; EPS.[1] See Table 1 for details.[2] See Table C-1 for fees per unit or 1,000 nonresidential building square feet. Fee revenue calculated as fee * dwelling units or 1,000 bldg. sq. ft.

Total
(Rounded)
Residential Nonresidential
Single-Family Multifamily
Area 3
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Table C-5Copper Trails Specific PlanPublic Facilities Financing PlanEstimated Fee Revenue - Area 4 (2025$) Item LDR MDR MHDR HDR Commercial Hotel Office
Dwelling Units [1] - - 182 329 - - - 511Building Square Feet [1] - - - - 877,190 146,198 146,198 1,169,586 City Building Permit Processing Fees [2] - - $594,244 $982,332 $2,275,801 $495,513 $492,599 $4,840,490 City Development Impact Fees [2]
Police - - $148,512 $223,720 $184,333 $30,722 $67,520 $654,807 Fire - - $128,856 $194,110 $160,464 $26,744 $58,778 $568,952 General Government Facilities - - $233,688 $352,030 $291,867 $48,645 $106,912 $1,033,142 Parks and Recreation - - $1,889,160 $2,845,850 $760,216 $126,703 $278,467 $5,900,396 Wastewater - - $1,799,616 $2,710,960 $796,365 $132,728 $368,687 $5,808,356Water - - $1,018,007 $1,840,243 $1,962,606 $327,101 $327,101 $5,475,058 Transportation - - $515,424 $776,440 $8,021,433 $1,336,906 $1,132,437 $11,782,640 Total City Development Impact Fees - - $5,733,263 $8,943,353 $12,177,285 $2,029,547 $2,339,902 $31,223,351 County/Special District Fees [2]
Ceres Unified School District Facilities Fee - - $1,129,128 $1,700,930 $736,839 $122,807 $122,807 $3,812,510 County Impact Fee - - $878,150 $1,587,425 $3,552,617 $129,600 $746,927 $6,894,719 Total Other/Special District Fees - - $2,007,278 $3,288,355 $4,289,457 $252,407 $869,733 $10,707,229 CTSP Fees - - $2,159,248 $3,707,172 $29,217,428 $4,869,571 $4,238,580 $44,191,999 Total Fees Per Unit/1,000 Sq. Ft. - - $8,334,785 $13,214,040 $18,742,543 $2,777,467 $3,702,234 $46,771,070 Source: Wood Rodgers; NorthStar Engineering; City of Ceres; County of Stanislaus; Ceres Unified School District; EPS.[1] See Table 1 for details.[2] See Table C-1 for fees per unit or 1,000 nonresidential building square feet. Fee revenue calculated as fee * dwelling units or 1,000 bldg. sq. ft.

Total
(Rounded)
Residential Nonresidential
Single-Family Multifamily
Area 4
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Appendix D
Proposed CTSP Fee Program Public Improvements Cost Allocation Table D-1 Transportation Improvements Cost Allocation............................................. D-1 Table D-2 Sewer Improvements Cost Allocation ........................................................... D-2 Table D-3 Drainage Improvements Cost Allocation ...................................................... D-3 Table D-4 Water Improvements Cost Allocation ........................................................... D-4 Table D-5 Nonpotable Water Improvements Cost Allocation .................................... D-5 Table D-6 Park Improvements Cost Allocation .............................................................. D-6 Table D-7 Sewer, Water, and Transportation DUEs for Regional Improvements.... D-7 EXHIBIT B ITEM 13
DRAFT
Table D-1Copper Trails Specific PlanPublic Facilities Financing PlanTransportation Improvements Cost Allocation (2025$)Item Developable
Acres [1]
Units/
Sq. Ft. [1]
PM Peak
Hour
Trips [2]
Pass-By
Rate [2]
Adjusted
PM Peak
Hour Trips
DUE Factor
per Unit/1,000
Bldg. Sq. Ft.

Total
DUEs
Percentage
Distribution
Assigned
Cost [3]
per
Acre
per Unit/
1,000 Sq. Ft.

Formula A B C D E=C*D F=E/LDR E G=B*F H=G/Total G I=Total Cost*IH I/A I/B Residential units per unit
Low Density 177.60 988 0.94 1.00 0.94 1.00 988 24.8% $15,114,304 $85,103 $15,298Medium Density 37.60 338 0.94 1.00 0.94 1.00 338 8.5% $5,170,683 $137,518 $15,298Medium-High Density 16.80 336 0.51 1.00 0.51 0.54 182 4.6% $2,788,771 $165,998 $8,300High Density 28.90 730 0.51 1.00 0.51 0.54 396 10.0% $6,058,936 $209,652 $8,300Subtotal 260.90 2,392 1,904 47.9% $29,132,694 Nonresidential 1,000 sq. ft. per 1,000 sq. ft.

Commercial 80.55 877 3.40 0.50 1.70 1.81 1,586 39.9% $24,268,654 $301,287 $27,666Hotel 13.43 146 3.40 0.50 1.70 1.81 264 6.6% $4,044,776 $301,287 $27,666Office 13.43 146 1.44 1.00 1.44 1.53 224 5.6% $3,426,163 $255,208 $23,435Subtotal 107.40 1,170 2,075 52.1% $31,739,593 Total 368.30 3,979 100.0% $60,872,287
Source: Wood Rodgers; NorthStar Engineering; Harris & Associates; EPS.[1] See Table 1 for development by area.[2] Factors from City of Ceres Public Facilities Impact Fee Nexus Study prepared by Harris & Associates (May 2025).

PM peak trip rates from ITE Manual 11th Edition. Hotel category factors set equal to commercial factors. [3] See Table 3 for total cost by area.
per 1,000 sq. ft.

Transportation
Development Cost Allocation Basis Cost Allocation
per unit
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Table D-2Copper Trails Specific PlanPublic Facilities Financing PlanSewer Improvements Cost Allocation (2025$)Item Developable
Acres [1]
Units/
Sq. Ft. [1]
Gallons per Day
Per Unit/1,000
Bldg. Sq. Ft. [2]
DUE Factor
per Unit/1,000
Bldg. Sq. Ft.

Total
DUEs
Percentage
Distribution
Assigned
Cost [3]
per
Acre
per Unit/
1,000 Sq. Ft.

Formula A B C D=C/LDR C E=B*D F=E/Total E G=Total Cost*F G/A G/B Residential units per unit
Low Density 177.60 988 262 1.00 988 34.9% - - -
Medium Density 37.60 338 262 1.00 338 11.9% - - - Medium-High Density 16.80 336 228 0.87 292 10.3% - - - High Density 28.90 730 228 0.87 635 22.4% - - - Subtotal 260.90 2,392 2,254 79.5% $0 Nonresidential 1,000 sq. ft. per 1,000 sq. ft.

Commercial 80.55 877 130 0.50 435 15.4% - - - Hotel 13.43 146 130 0.50 73 2.6% - - - Office 13.43 146 130 0.50 73 2.6% - - -
Subtotal 107.40 1,170 580 20.5% $0
Total 368.30 2,834 100.0% $0
Source: Wood Rodgers; NorthStar Engineering; PMC; EPS.[1] See Table 1 for development by area.[2] Factors used in calculation of current City sewer facility fees; from Public Facilities Fee Nexus Study for the City of Ceres prepared by PMS (June 14, 2010). For commercial uses, gallons per day (GPD) per 1,000 sq. ft. calculated as: 65 gpd per employee/(square feet per employee)*1,000. [3] See Table 3 for total cost by area.
per 1,000 sq. ft.

Sewer
Development Cost Allocation Basis Cost Allocation
per unit
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Table D-3Copper Trails Specific PlanPublic Facilities Financing PlanDrainage Improvements Cost Allocation (2025$)Item Developable
Acres [1]
Units/
Sq. Ft. [1]
Runoff
Coefficient
per Acre [2]
DUE Factor
per Acre
Total
DUEs
Percentage
Distribution
Assigned
Cost [3]
per
Acre
per Unit/
1,000 Sq. Ft.

Formula A B C D=C/LDR C E=A*D F=E/Total E G=Total Cost*F G/A G/B Residential units per unit
Low Density 177.60 988 0.60 1.00 177.60 40.6% $5,077,975 $28,592 $5,140Medium Density 37.60 338 0.60 1.00 37.60 8.6% $1,075,067 $28,592 $3,181Medium-High Density 16.80 336 0.80 1.33 22.40 5.1% $640,465 $38,123 $1,906High Density 28.90 730 0.80 1.33 38.53 8.8% $1,101,753 $38,123 $1,509Subtotal 260.90 2,392 276.13 63.2% $7,895,260 Nonresidential 1,000 sq. ft. per 1,000 sq. ft.

Commercial 80.55 877 0.90 1.50 120.83 27.6% $3,454,653 $42,888 $3,938Hotel 13.43 146 0.90 1.50 20.14 4.6% $575,775 $42,888 $3,938Office 13.43 146 0.90 1.50 20.14 4.6% $575,775 $42,888 $3,938Subtotal 107.40 1,170 161.10 36.8% $4,606,203 Total 368.30 437.23 100.0% $12,501,463
Source: Wood Rodgers; NorthStar Engineering; PMC; EPS.[1] See Table 1 for development by area.[2] Factors used in calculation of current City public facility fees; from Public Facilities Fee Nexus Study for the City of Ceres prepared by PMC (June 14, 2010).[3] See Table 3 for total cost by area.

Drainage
Development Cost Allocation Basis Drainage Cost Allocation Prepared by EPS 9/2/2025 Z:\Shared\Projects\SAC\222000\222100 Ceres Copper Trails Specific Plan\Models\222100 FP 9-2-25.xlsx

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Table D-4Copper Trails Specific PlanPublic Facilities Financing PlanWater Improvements Cost Allocation (2025$)Item Density Developable
Acres [1]
Units/
Sq. Ft. [1]

AF/AC/YR
[2]
AF per Unit or
1,000 sq. ft. per Year
DUE Factor
per Unit/1,000
Bldg. Sq. Ft.

Total
DUEs
Percentage
Distribution
Assigned
Cost [3]
per
Acre
per Unit/
1,000 Sq. Ft.

Formula - Residential A B C D E=D/A F=E/LDR E G=C*F H=G/Total G I=Total Cost*H I/B I/C Formula - Nonresidential A B C D E=D/(43,560*A)*1,000 F=E/LDR E G=C*F H=G/Total G I=Total Cost*H I/B I/C Residential units per acre units per unit
Low Density 5.5 177.60 988 2.00 0.36 1.00 988 50.8% $1,424,362 $8,020 $1,442 Medium Density 9.0 37.60 338 2.00 0.22 0.61 207 10.6% $297,783 $7,920 $881 Medium-High Density 20.0 16.80 336 2.50 0.13 0.34 116 5.9% $166,512 $9,911 $496 High Density 25.0 28.90 730 2.50 0.10 0.28 201 10.3% $289,414 $10,014 $396 Subtotal 260.90 2,392 1,511 77.7% $2,178,071
Nonresidential FAR 1,000 sq. ft. per 1,000 sq. ft.

Commercial 0.25 80.55 877 1.47 0.13 0.37 326 16.7% $469,439 $5,828 $535 Hotel 0.25 13.43 146 1.47 0.13 0.37 54 2.8% $78,240 $5,828 $535 Office 0.25 13.43 146 1.47 0.13 0.37 54 2.8% $78,240 $5,828 $535Subtotal 107.40 1,170 434 22.3% $625,918 Total 368.30 1,945 100.0% $2,803,989
Source: Wood Rodgers; NorthStar Engineering; Harris & Associates; EPS.[1] See Table 1 for development by area.[2] Factors from City of Ceres Public Facilities Impact Fee Nexus Study prepared by Harris & Associates (May 2025).[3] See Table 3 for total cost by area. per 1,000 sq. ft.

Water
Development Cost Allocation Basis Cost Allocation
per unit
Prepared by EPS 9/2/2025 Z:\Shared\Projects\SAC\222000\222100 Ceres Copper Trails Specific Plan\Models\222100 FP 9-2-25.xlsx

EXHIBIT B
ITEM 13
DRAFT
Table D-5Copper Trails Specific PlanPublic Facilities Financing PlanNonpotable Water Improvements Cost Allocation (2025$)Item Density Developable
Acres [1]
Units/
Sq. Ft. [1]

AF/AC/YR
[2]
AF per Unit or
1,000 sq. ft. per Year
DUE Factor
per Unit/1,000
Bldg. Sq. Ft.

Total
DUEs
Percentage
Distribution
Assigned
Cost [3]
per
Acre
per Unit/
1,000 Sq. Ft.

Formula - Residential A B C D E=D/A F=E/LDR E G=C*F H=G/Total G I=Total Cost*H I/B I/C Formula - Nonresidential A B C D E=D/(43,560*A)*1,000 F=E/LDR E G=C*F H=G/Total G I=Total Cost*H I/B I/C Residential units per acre units per unit
Low Density 5.5 177.60 988 2.00 0.36 1.00 988 50.8% $1,247,317 $7,023 $1,262 Medium Density 9.0 37.60 338 2.00 0.22 0.61 207 10.6% $260,769 $6,935 $772 Medium-High Density 20.0 16.80 336 2.50 0.13 0.34 116 5.9% $145,815 $8,679 $434 High Density 25.0 28.90 730 2.50 0.10 0.28 201 10.3% $253,440 $8,770 $347 Subtotal 260.90 2,392 1,511 77.7% $1,907,341
Nonresidential FAR 1,000 sq. ft. per 1,000 sq. ft.

Commercial 0.25 80.55 877 1.47 0.13 0.37 326 16.7% $411,089 $5,104 $469Hotel 0.25 13.43 146 1.47 0.13 0.37 54 2.8% $68,515 $5,104 $469Office 0.25 13.43 146 1.47 0.13 0.37 54 2.8% $68,515 $5,104 $469Subtotal 107.40 1,170 434 22.3% $548,118 Total 368.30 1,945 100.0% $2,455,459
Source: Wood Rodgers; NorthStar Engineering; Harris & Associates; EPS.[1] See Table 1 for development by area.[2] Factors from City of Ceres Public Facilities Impact Fee Nexus Study prepared by Harris & Associates (May 2025).[3] See Table 3 for total cost by area. per 1,000 sq. ft.

Nonpotable
Water
Development Cost Allocation Basis Cost Allocation
per unit
Prepared by EPS 9/2/2025 Z:\Shared\Projects\SAC\222000\222100 Ceres Copper Trails Specific Plan\Models\222100 FP 9-2-25.xlsx

EXHIBIT B
ITEM 13
DRAFT
Table D-6Copper Trails Specific PlanPublic Facilities Financing PlanPark Improvements Cost Allocation (2025$)Item Developable
Acres
Units/
Sq. Ft. [1]
PPH/
Emp. per 1,000
Bldg. Sq. Ft.

Weighting
Factor [2]
Persons
Served
DUE Factor
per Unit/1,000
Bldg. Sq. Ft.

Total
DUEs
Percentage
Distribution
Assigned
Cost
per
Acre
per Unit/
1,000 Sq. Ft.

Formula A B C D E=C*D F=E/LDR E G=B*F H=G/Total G I=Total Cost*H I/A I/B Residential units per unit
Low Density 177.60 988 3.20 1.00 3.20 1.00 988 44.9% $625,389 $3,521 $633Medium Density 37.60 338 2.75 1.00 2.75 0.86 290 13.2% $183,862 $4,890 $544Medium-High Density 16.80 336 2.50 1.00 2.50 0.78 263 11.9% $166,158 $9,890 $495 High Density 28.90 730 2.50 1.00 2.50 0.78 570 25.9% $360,999 $12,491 $495Subtotal 260.90 2,392 2,111 96.0% $1,336,408 Nonresidential 1,000 sq. ft. per 1,000 sq. ft.

Commercial 80.55 877 2.00 0.12 0.24 0.07 65 3.0% $41,313 $513 $47Hotel 13.43 146 2.00 0.12 0.24 0.07 11 0.5% $6,886 $513 $47 Office 13.43 146 2.00 0.12 0.24 0.07 11 0.5% $6,886 $513 $47 Subtotal 107.40 1,170 87 4.0% $55,084
Total 368.30 2,198 100.0% $1,391,492
Source: Wood Rodgers; NorthStar Engineering; Harris & Associates; EPS.[1] See Table 1 for development by area.[2] Factors from City of Ceres Public Facilities Impact Fee Nexus Study prepared by Harris & Associates (February 2025). Nonresidential weighting factor based on potential park use for an employee compared to a resident (2 hours per day for 5 days a week compared to 12 hours per day for 7 days a week).[3] See Table 3 for total cost by area. per 1,000 sq. ft.

Parks
Development Cost Allocation Basis Cost Allocation
per unit
Prepared by EPS 9/2/2025 Z:\Shared\Projects\SAC\222000\222100 Ceres Copper Trails Specific Plan\Models\222100 FP 9-2-25.xlsx

EXHIBIT B
ITEM 13
DRAFT
Table D-7Copper Trails Specific PlanPublic Facilities Financing PlanSewer, Water, and Transportation DUEs for Regional ImprovementsItem Area 1 Area 2 Area 3 Area 4 DUE
Factor Area 1 Area 2 Area 3 Area 4 Total
DUE
Factor Area 1 Area 2 Area 3 Area 4 Total
DUE
Factor Area 1 Area 2 Area 3 Area 4 Total
Low Density 421 265 302 0 1.00 421 265 302 0 988 1.00 421 265 302 0 988 1.00 421 265 302 0 988Medium Density 155 104 79 0 1.00 155 104 79 0 338 0.61 95 64 48 0 207 1.00 155 104 79 0 338Medium-High Density 0 0 154 182 0.87 0 0 134 158 292 0.34 0 0 53 63 116 0.54 0 0 84 99 182High Density 179 222 0 329 0.87 156 193 0 286 635 0.28 49 61 0 90 201 0.54 97 120 0 179 396Commercial 0 0 0 877,190 0.50 0 0 0 435 435 0.37 0 0 0 326 326 1.81 0 0 0 1,586 1,586Hotel 0 0 0 146,198 0.50 0 0 0 73 73 0.37 0 0 0 54 54 1.81 0 0 0 264 264Office 0 0 0 146,198 0.50 0 0 0 73 73 0.37 0 0 0 54 54 1.53 0 0 0 224 224 732 562 515 1,025 2,834 565 390 403 587 1,945 673 489 465 2,352 3,979 Pct. Distribution 26% 20% 18% 36% 100% 29% 20% 21% 30% 100% 17% 12% 12% 59% 100%Source: Wood Rodgers; NorthStar Engineering; Harris & Associates; EPS.

Dwelling Units / Building Sewer DUEs Water DUEs Transportation DUEs Prepared by EPS 9/2/2025 Z:\Shared\Projects\SAC\222000\222100 Ceres Copper Trails Specific Plan\Models\222100 FP 9-2-25.xlsx

EXHIBIT B
ITEM 13
Appendix E
Proposed CTSP Fee Program Cost Burden Shift
As summarized in Chapter 7 (see Table 9), the commercial cost burden is approximately

34.6% of the commercial finished development sales price. This particularly high commercial percentage would likely make commercial development in the CTSP infeasible. To incentivize commercial development and improve its feasibility, the Project proponent plans to shift burden from commercial development to other development categories by adjusting CTSP fees by land use category.

More specifically, the commercial cost burden percentage is reduced from 34.6 percent to 15 percent by decreasing the estimated commercial CTSP fees while increasing the estimated CTSP fees for other land uses. Tables E-1 and E-2 detail the proposed burden and fee shift.

The originally estimated commercial fees were established based on relative demand for the different improvements and would be legally justifiable under the Mitigation Fee Act requirements for development impact fee programs. However, the adjusted CTSP fees would no longer meet the Mitigation Fee Act requirements, and consequently, the resulting CTSP fees would need to be enacted through a development agreement or other means rather than through a legally justifiable development impact fee nexus study.

EXHIBIT B ITEM 13
DRAFT
Table E-1Copper Trails Specific PlanPublic Facilities Financing PlanInfrastructure Cost Burden Adjustment (2025$)Item LDR MDR MHDR HDR TOTAL Commercial Hotel Office TOTALFinished Unit Selling Price $550,000 $520,000 $490,000 $310,000 - - - Nonres. Value per 1,000 Building Sq. Ft. - - - - $160,000 $250,000 $220,000Existing Fees $82,620 $71,411 $47,371 $41,523 $22,061 $19,692 $26,123Preliminary CTSP Fee Program [1] Cost Allocation $24,251 $21,090 $11,864 $11,268 $33,308 $33,308 $28,992Adjustment $379 $8,899 $43,068 $11,931 ($31,369) $7,976 ($1,457)Subtotal $24,630 $29,989 $54,932 $23,199 $1,939 $41,284 $27,535 Original Infrastructure Burden $106,871 $92,501 $59,235 $52,791 $55,369 $53,000 $55,115Adjusted Infrastructure Burden $107,250 $101,400 $102,303 $64,722 $24,000 $60,976 $53,658Total Infrastructure Burden as a Percentage of Estimated Sales Price or Value
Original 19.4% 17.8% 12.1% 17.0% 34.6% 21.2% 25.1%Adjusted 19.5% 19.5% 20.9% 20.9% 15.0% 24.4% 24.4% CTSP Fee Program
Units/Building Square Feet 988 338 336 730 2,392 877,190 146,198 146,198 1,169,586 Original Cost to be Adjusted $23,959,988 $7,128,420 $3,986,304 $8,225,640 $43,300,352 $29,217,428 $4,869,571 $4,238,580 $38,325,579Adjustment (cost per unit * units) $374,775 $3,007,870 $14,470,949 $8,709,585 $26,563,179 ($27,516,193) $1,166,014 ($213,000) ($26,563,179) Adjusted Cost $24,334,763 $10,136,290 $18,457,253 $16,935,225 $69,863,531 $1,701,235 $6,035,585 $4,025,580 $11,762,400 Source: City of Ceres; County of Stanislaus; Ceres Unified School District; The Gregory Group; CoStar; EPS.[1] See Table 5 for detailed cost allocation by improvement type.

CTSP Fee Alternative:

Adjust Residential and Commercial Burdens to Specific Percentages Redistribute Remaining Burden to Hotel and Office

RESIDENTIAL NONRESIDENTIAL
Per 1,000 Bldg. Sq. Ft.

Prepared by EPS 9/2/2025 Z:\Shared\Projects\SAC\222000\222100 Ceres Copper Trails Specific Plan\Models\222100 FP 9-2-25.xlsx

EXHIBIT B
ITEM 13
DRAFT
Table E-2Copper Trails Specific PlanPublic Facilities Financing PlanComparison of Infrastructure Cost Burden Analysis (2025$)Item LDR MDR MHDR HDR Commercial Hotel Office Finished Unit Selling Price $550,000 $520,000 $490,000 $310,000 - - - Nonres. Value per 1,000 Building Sq. Ft. - - - - $160,000 $250,000 $220,000Public Agency Fees City Public Facilities Fee $58,662 $50,132 $33,076 $28,542 $14,576 $14,576 $16,805All other City, County, and CUSD Fees $23,958 $21,279 $14,294 $12,981 $7,484 $5,116 $9,318 Total Public Agency Fees $82,620 $71,411 $47,371 $41,523 $22,061 $19,692 $26,123 Preliminary CTSP Fee Program
Before Adjustment $24,251 $21,090 $11,864 $11,268 $33,308 $33,308 $28,992 After Adjustment $24,630 $29,989 $54,932 $23,199 $1,939 $41,284 $27,535 Difference $379 $8,899 $43,068 $11,931 ($31,369) $7,976 ($1,457) Total Infrastructure Burden
Before Adjustment $106,871 $92,501 $59,235 $52,791 $55,369 $53,000 $55,115 After Adjustment $107,250 $101,400 $102,303 $64,722 $24,000 $60,976 $53,658 Difference $379 $8,899 $43,068 $11,931 ($31,369) $7,976 ($1,457) Total Infrastructure Burden as a Pct.
of Estimated Sales Price or ValueBefore Adjustment 19.4% 17.8% 12.1% 17.0% 34.6% 21.2% 25.1% After Adjustment 19.5% 19.5% 20.9% 20.9% 15.0% 24.4% 24.4%Difference 0.1% 1.7% 8.8% 3.8% (19.6%) 3.2% (0.7%) Source: City of Ceres; County of Stanislaus; Ceres Unified School District; The Gregory Group; CoStar; EPS.

Upper Range of Feasibility = 15-20%

ADOPTED CITY FEES
Residential Nonresidential
Single-Family Multifamily
Per Residential Unit Per 1,000 Bldg. Sq. Ft.

Prepared by EPS 9/11/2025 Z:\Shared\Projects\SAC\222000\222100 Ceres Copper Trails Specific Plan\Models\222100 FP 9-10-25.xlsx

EXHIBIT B
ITEM 13

ATTACHMENT E
RESOLUTION NO. 2026-XXX

A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CERES

AUTHORIZING STAFF TO MAKE AND EXECUTE ANY AND ALL

NECESSARY DOCUMENTS AND APPLICATIONS TO THE

STANISLAUS COUNTY LOCAL AGENCY FORMATION COMMISSION

FOR ANNEXATION OF THE COPPER TRAILS SPECIFIC PLAN AREA

AND POCKET AREA

THE CITY COUNCIL
City of Ceres
WHEREAS, the City Council held a duly noticed public hearing on April 13, 2026 at 6:00 p.m. and considered the Copper Trails Specific Plan and Annexation Project (Project), consisting of an Environmental Impact Report, a General Plan Amendment, a Pre-Zoning, a Specific Plan, and an Annexation; and
WHEREAS, pursuant to Section 18.03.030 of the Ceres Zoning Ordinance, the City Council has the responsibility to hear and decide applications for zoning amendments, general plan amendments, community plans, specific/master plans, special planning areas, pre-zoning, and development agreements, and to direct planning-related special studies; and
WHEREAS, the City, as Lead Agency, has prepared an Environmental Impact Report (SCH #2023090637) to evaluate the Project pursuant to and in accordance with the California Environmental Quality Act (CEQA); and;
WHEREAS, the Environmental Impact Report (EIR) was made available for the statutory minimum 45-day public review from December 12, 2024 to January 27, 2025, and public comments received were posted and responded to in the Final EIR; and; WHEREAS, a Notice of Public Hearing was issued by the City on February 6, 2026, indicating that the Planning Commission would consider the Copper Trails Specific Plan and Annexation Project at a public hearing on March 2, 2026 and that a Final EIR was available for public review; and
WHEREAS, at a duly noticed public hearing on April 13, 2026, the City Council certified the Environmental Impact Report for the Copper Trails Specific Plan and Annexation Project, adopted the Mitigation Monitoring and Reporting Program, and adopted the CEQA Findings of Fact, including a Statement of Overriding Considerations; and
WHEREAS, the Project area is located within an unincorporated area of Stanislaus County and would require annexation into the City of Ceres prior to any development activity occurring under the City’s jurisdiction and pursuant to City standards and regulations; and
WHEREAS, the annexation area consists of the 680.7-acre Project Area (244 parcels total), which is comprised of two smaller areas including the 534.6-acre Copper Trails Specific Plan (CTSP) area, with 68 parcels located south of Service Road, and the ITEM 13

ATTACHMENT E
146.1-acre “Pocket Area” with 176 parcels located north of the CTSP and contiguous with a portion of the City’s southern limits, as described herein and as identified in Exhibit A attached hereto; and
WHEREAS, the Project Area is located in the City of Ceres Sphere of Influence and Planning Area, as identified in the Ceres General Plan, which includes a Land Use Diagram that establishes preliminary land use designations for properties in the Project Area; and
WHEREAS, the annexation area is contiguous with the City of Ceres current City limits and is identified in the Ceres General Plan as a logical area for City expansion; and WHEREAS, at a duly noticed public hearing on April 13, 2026, the City Council adopted an Ordinance that established pre-zoning districts for all properties in the Project area; and
WHEREAS, the Pre-Zoning districts for the Project area include a mixture of Planned Community (P-C), Single-Family Residential (R-1), Medium Density Residential (R-3), Medium-High Density Residential (R-4), Neighborhood Commercial (C-1), Community Commercial (C-2), and Light Industrial (M-1) districts, as defined in the Ceres Zoning Ordinance; and
WHEREAS, the Project has been found to be consistent with applicable policies of the Ceres General Plan and Ceres Zoning Ordinance, as described in the City Council Staff Report dated April 13, 2026; and
WHEREAS, the Planning Commission held a duly noticed public hearing on March 2, 2026 at 6:00 p.m., and after receiving a staff report and public testimony, recommended that the City Council approve the Copper Trails Specific Plan and Annexation Project (Project), consisting of an Environmental Impact Report, a General Plan Amendment, a Pre-Zoning, a Specific Plan, and an Annexation; and
WHEREAS, the City Council has considered all information related to this matter, as presented at a public hearing, including any supporting reports by City staff, recommendation from the Planning Commission, and any information provided during public meetings.

NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Ceres, pursuant to the Ceres Municipal Code, and upon evidence in the staff report and associated documents incorporated by reference herein, authorizes Staff to make and execute any and all necessary documents and applications to the Stanislaus County Local Agency Formation Commission to annex the Project area into the City, subject to the following findings, terms, and proposals:

1. The Project is consistent with General Plan Policy 2.I.1 by including the Copper Trails Specific Plan, which serves as an area-wide plan that establishes a development plan and regulatory framework for land use, circulation, housing, utilities, and public services.

2. The annexation is consistent with the requirements of the City Council’s adopted 1995 Annexation Policy by including the following Project components:

ITEM 13

ATTACHMENT E
a. The Copper Trails Specific Plan that serves as an area-wide plan with a development plan for land use, circulation, housing, infrastructure, and public services; and
b. Utility master plans that address infrastructure requirements to serve the CTSP, including water, sewer, and storm drainage; and
c. A Public Facilities Financing Plan that provides estimated costs and funding sources for the construction of public improvements; and d. Provisions for a Specific Plan Fee with cost sharing provisions whereby the project sponsor/Applicant can be equitably reimbursed by non-participating property owners who benefitted from the CTSP planning effort.

3. The Copper Trails Specific Plan and the Environmental Impact Report include data and analysis to demonstrate that the City of Ceres has sufficient municipal services available to serve the annexation area.

4. The City Council hereby requests that the reorganization proposal be subject to the following terms and conditions:
a. That the effective date of the reorganization proposal be the date on which Stanislaus LAFCO records the certificate of completion for the annexation of the Project area.
b. That the reorganization proposal include detachment from the Ceres Fire Protection District and the Keyes Fire Protection District.

5. For any parcels in the Project area currently encumbered by active Williamson Act contracts (Government Code § 51200 et seq.), the City Council proposes to exercise the City’s rights to terminate or not renew the active Williamson Act contracts upon annexation of the Project area into City limits, consistent with the mitigation measures for impacts to agricultural resources contained in the EIR.

PASSED AND ADOPTED by the Ceres City Council at a regular meeting thereof held on the 13
th day of April 2026, by the following vote:

AYES: Councilmembers:

NOES: Councilmembers:

ABSENT: Councilmembers:

ABSTAIN: Councilmembers:
________________________________
Javier Lopez, Mayor
ATTEST:
_________________________________
Fallon Martin, City Clerk
ATTACHMENTS:

Exhibit A: Annexation Area Exhibit
ITEM 13
ITEM 13
ITEM 13
ITEM 13

ATTACHMENT F

NOTICE OF PUBLIC HEARING
NOTICE IS HEREBY GIVEN that the City Council of the City of Ceres will conduct a public hearing for the Copper Trails Project to consider Resolutions and a Pre-zone Ordinance which will be introduced for a First Reading on Monday, April 13, 2026 at 6:00 p.m. and will be considered for adoption on April 27, 2026 at 6:00 p.m., or as soon thereafter as the matter may be heard, in the City Council Chambers located at 2701 Fourth Street, Ceres, California. Let it be noted that the Planning Commission of the City of Ceres voted 4-0-1 (Gobble absent) to recommend approval of the project components to the City Council at the March 2, 2026, Planning Commission meeting. The City Council will be considering the following items:

1. A resolution certifying the Environmental Impact Report for the Copper Trails Specific Plan and Annexation project, adopting the Mitigation Monitoring and Reporting Program, and adopting the CEQA Findings of Fact, including a Statement of Overriding Considerations;

2. A resolution authorizing staff to make and execute any and all necessary documents and applications to the Stanislaus County Local Agency Formation Commission for annexation;

3. A resolution amending the General Plan Land Use Diagram for the Copper Trails Specific Plan and Annexation Project;

4. A resolution approving the Copper Trails Specific Plan and associated Public Facilities Financing Plan; and

5. An ordinance amending the Zoning Map to pre-zone properties located in the Copper Trails Specific Plan and Annexation Project Area.

Copper Trails Specific Plan and Annexation Project Description The Copper Trails Specific Plan and Annexation Project is located in unincorporated Stanislaus County, immediately adjacent to the southern boundary of the City of Ceres and includes approximately 680.7 acres. The project area is generally bound by Industrial Way to the north, Blaker Road to the west, Turlock Irrigation District Lateral Canal to the south, and Highway 99 to the east. The 680.7 acres includes approximately 146.1 acres of land north of Service Road that is currently described as the Collins-Don Pedro County Pocket in the February 22, 2017, Unincorporated Islands Inventory and Update Report by Stanislaus County LAFCO. There is some area to the east of this pocket area, east of Highway 99, that will be included in the annexation.

There is no additional development proposed for this pocket area at this time. The remaining 534.6 acres will make up the Copper Trails Specific Plan Area (CTSP). The CTSP approval and annexation would result in the potential development of approximately 260.3 acres of low-, medium-, medium high-, and high-density residential units within the CTSP area. This would result in about 2,392 units. Another approximately 107.4 acres of the CTSP area is being proposed for Regional Commercial development, with up to 1,169,586 square feet of building space. The CTSP also proposes approximately 42.3 acres of parks and open space, including street landscapes, and 3.4 acres for new public uses. This annexation would include Central Valley High School, Ceres Adult School, and Hidhal Elementary School.

The CTSP establishes locations and provides for the construction of streets and other public facilities that would meet basic urban service needs and encourage use of alternate modes of transportation such as walking and bicycling. Utilities and other supporting infrastructure will be installed in conjunction with planned new development As the Lead Agency, the City prepared an Environmental Impact Report (SCH # 2023090637) in accordance with CEQA Guidelines. The Final EIR can be found here: https://ceres.gov/1798/Copper-Trails-Specific-Plan.

All interested parties are invited to attend the public hearing and provide comments on the proposed Ordinance. Public comments may be submitted by emailing [email protected] by 4:00 p.m. on the date of the hearing or verbally at the hearing.

Further information on the above hearing may be obtained or viewed at the office of the City Clerk, City Hall, 2220 Magnolia Street, Ceres, CA 95307 during regular business hours or by telephone at (209) 538-5731.

If a citizen wishes to challenge the nature of the above actions in court, they may be limited to raising only those issues they or someone else raised at the public hearing described in the notice, or in written correspondence delivered to the City of Ceres at, or prior to, the public hearing.
/s/ Fallon, Martin, City Clerk
Date Notice Published: March 25, 2026
ITEM 13
ITEM 13
City of Ceres
Copper Trails
Specific Plan and Annexation Project
City Council Public Hearing
April 13, 2026 | 6:00 PM
City Council Chambers | 2701 Fourth Street
ATTACHMENT G ITEM 13

CITY OF CERES
Project Components
2 1. General Plan Amendment to update the General Plan
land use map consistent with the CTSP and existing
land uses in the Pocket Area

2. Pre-Zoning & Zoning Map Amendment to pre-zone the
Project Area consistent with existing City zoning districts

3. Specific Plan to establish the regulatory framework for development of a 535-acre land area with residential,
commercial, park, public, and other urban uses

4. Environmental Impact Report that evaluates the
effects of the project consistent with the California
Environmental Quality Act (CEQA)

5. Annexation to incorporate the 681-acre Project Area
into the City of Ceres
Service Road
Blaker Road
Downtown
ATTACHMENT G ITEM 13

CITY OF CERES
General Plan Amendment
3 Subject Property
Existing Land Use Designations Proposed Land Use Designations ATTACHMENT G ITEM 13

CITY OF CERES
Pre-Zoning & Zoning Map Amendment
4 Subject Property
P-C
C-1
R-1
R-3
M-1
C-2
R-4
ATTACHMENT G ITEM 13

CITY OF CERES
Copper Trails Specific Plan
5 Subject Property
• A planning and regulatory tool that implements the
General Plan
• Establishes a development framework for the 535-
acre Specific Plan area
• Incorporates a development plan addressing all
aspects of land use, circulation, parks & recreation,
public utilities, public services, phasing, financing, and implementation
• Includes regulations for residential and commercial
land uses to establish the permitted uses and
development standards
• Incorporates design guidelines that provide guidance
for the appearance of streetscapes, neighborhoods,
homes & commercial buildings
• Includes a Public Facilities Financing Plan by reference with financing mechanisms to ensure City fiscal
sustainability
ATTACHMENT G ITEM 13

CITY OF CERES
Copper Trails Specific Plan
6 Subject Property
Land Use Designation Acres Dwelling
Units
Square
Footage
Residential Uses
LDR - Low Density Residential (up to 7.0 du/ac) 177.6 ac 988 du MDR - Medium Density Residential (7.1-12.0 du/ac) 37.6 ac 338 du MHDR - Medium-High Density Residential (12.1-20.0 du/ac) 16.8 ac 336 du HDR - High Density Residential (20.1-30.0 du/ac) 28.9 ac 730 du Subtotal 260.9 ac 2,392 du
Commercial and Employment Uses
RC - Regional Commercial (up to 0.5 FAR) 106.5 ac 1,169,586 sf Subtotal 106.5 ac 1,169,586 sf
Park, Open Space & Public Uses
P/OS - Parks & Open Space 42.4 ac
CF - Community Facilities 3.4 ac
ES/HS - Schools 74.1 ac
Subtotal 119.9 ac
Other
ROW/LS - Major Roadways / Landscape Corridors 47.3 ac
Subtotal 47.3 ac
Total 534.6 ac 2,392 du 1,169,586 sf
Land Use Plan & Development Summary
ATTACHMENT G ITEM 13

CITY OF CERES
Environmental Impact Report
7 Purpose: To document existing
environmental conditions, describe
project’s potential environmental
effects, identify mitigation measures
to avoid/reduce significant
environmental effects, analyze
alternatives
Notice of Preparation: Issued
September 27, 2023 for a 30-day
public review period
Scoping Meeting: Held October 16,
2023 to receive comments regarding
scope of environmental analysis.

Draft EIR Notice of Availability:

Issued December 12, 2024 for a 45-
day public comment period, ending
January 27, 2025
Final EIR Notice of Public Hearing:

Issued February 6, 2026 for Planning
Commission public hearing on March
2, 2026
• Aesthetics
• Agricultural Resources
• Air Quality
• Biological Resources
• Cultural Resources
• Energy
• Geology and Soils
• Greenhouse Gas
Emissions
• Hazards and Hazardous
Materials
• Hydrology and Water
Quality
• Land Use and Planning
• Mineral Resources
• Noise
• Population and Housing
• Public Services
• Recreation
• Transportation/Traffic
• Tribal Cultural Resources
• Utilities and Service
Systems
• Wildfire
• Cumulative Impacts
• Alternatives
• Other CEQA Issues
Topics Analyzed
EIR identifies potential environmental impacts of
each topic area and defines required mitigation
measures for each to extent feasible.

ATTACHMENT G ITEM 13

CITY OF CERES
Environmental Impact Report
8 Mitigation Monitoring and Reporting
Program (MMRP)
Purpose: To ensure that EIR’s mitigation
measures are implemented
Significant and Unavoidable Impacts

1. Impact AG-1: Conversion of Farmland. The project would result in the permanent conversion of 319.5 acres of Prime Farmland and Farmland of Statewide Importance under the California Department of Conservation Farmland Mapping Program to non-agricultural use.

2. Impact AG-4: Indirect Agricultural Land Conversion. The project may indirectly result in conversion of other agricultural land in the vicinity of the CTSP to nonagricultural uses.

3. Impact GHG-2: GHG Emissions from Project Operations. The project would result in potentially significant emissions of GHGs, which would be offset by project features that limit VMT and promote reduced GHG emissions and by compliance with applicable San Joaquin Valley Air Pollution Control District regulations and programs.

4. Impact TRANS-3: Vehicle Miles Traveled. The project would have a potentially significant impact on residential and commercial vehicle miles traveled (VMT).

5. Impact TRANS-5: Traffic Hazards – Queuing. The project would result in traffic levels that would lead to excessive queuing at southbound off-ramp and northbound on-ramp at the SR 99/Service Road interchange. Reconstruction of the interchange is currently in the design process, however construction timing has not yet determined. Therefore, this impact may only be significant and unavoidable in the short term.

ATTACHMENT G ITEM 13

CITY OF CERES
Environmental Impact Report
9 EIR Certification and Findings Required
• City of Ceres as Lead Agency required to certify that EIR complies with CEQA and was considered prior to project approval
• Adoption of Findings of Fact required for each significant effect, accompanied by a brief explanation of the rationale for each • Findings of Fact contains required findings for significant and unavoidable impacts, and other impacts mitigated to less than significant level • Includes Statement of Overriding Considerations to address the significant and unavoidable impacts identified by the EIR.
• Identifies economic, social, technical, and other benefits to the City that could result from project approval
• Action to certify EIR includes adoption of MMRP, Findings of Fact, and Statement of Overriding Considerations
ATTACHMENT G ITEM 13

CITY OF CERES
Annexation
10 Annexation Area
• Contiguous with existing City
limits
• Located in Stanislaus County
• Consists of 680.7-acre Project
Area (244 parcels total)
• CTSP area (534.6 acres, 68
parcels) located south of Service
Road
• Pocket Area (146.1 acres, 176
parcels) located north of CTSP
and south of existing City limits
ATTACHMENT G ITEM 13

CITY OF CERES
Planning Commission Recommendation
11 The Planning Commission held a Public Hearing on March 2, 2026 to consider the proposed project.

After receiving a staff presentation and hearing public comments, the Planning Commission discussed the matter and voted unanimously 4-0-1-0 (one Commissioner absent) to adopt a Resolution recommending that the City Council take the following actions:

1. Certify the Environmental Impact Report, adopt the Mitigation Monitoring and Reporting Program, and adopt the CEQA Findings of Fact, including a Statement of Overriding Considerations; and

2. Amend the General Plan Land Use Map to reflect the land uses contained in the Copper Trails Specific Plan and existing uses in the Pocket Area; and

3. Approve Pre-Zoning for the Project Area, including both the Copper Trails Specific Plan Area and the Pocket Area, both located within unincorporated Stanislaus County, and amend the City’s Zoning Map accordingly; and

4. Approve the Copper Trails Specific Plan and associated Public Facilities Financing Plan; and

5. Authorize staff to make and execute any and all necessary documents and applications to the Stanislaus County Local Agency Formation Commission for annexation.

ATTACHMENT G ITEM 13

CITY OF CERES
Staff Recommendation
12 Staff recommends that the City Council take the following actions regarding the Copper Trails Specific Plan and Annexation Project:

1. Adopt a Resolution to certify the Environmental Impact Report, adopt the Mitigation Monitoring and Reporting Program, and adopt the CEQA Findings of Fact, including a Statement of Overriding Considerations; and

2. Adopt a Resolution to amend the General Plan Land Use Map to reflect the land uses contained in the Copper Trails Specific Plan and existing uses in the Pocket Area; and

3. Adopt an Ordinance to approve Pre-Zoning for the Project Area, including both the Copper Trails Specific Plan Area and the Pocket Area, both located within unincorporated Stanislaus County, and amend the City’s Zoning Map accordingly; and

4. Adopt a Resolution to approve the Copper Trails Specific Plan and associated Public Facilities Financing Plan; and

5. Adopt a Resolution to authorize staff to make and execute any and all necessary documents and applications to the Stanislaus County Local Agency Formation Commission for annexation.

ATTACHMENT G ITEM 13

COUNCIL AGENDA REPORT

CITY COUNCIL
Javier Lopez, Mayor
James Casey, Dist.1
Rosalinda L. Vierra, Dist. 2
Cerina Otero, Dist. 3
Daniel A. Martinez, Dist. 4
MEETING DATE: April 13, 2026
TO: Mayor and City Council
FROM: Trenton Johnson, Acting City Manager
CONTACT: Vanessa L. Portillo, Finance Director
[email protected], (209) 538-5764
SUBJECT: Resolution No. 2026-XXX, Accepting the 2023-2024 City of Ceres Audited Financial Statements and Audit Reports for the Period Ended June 30, 2024
RECOMMENDED COUNCIL ACTION:

Staff recommends the City Council accept the 2023-2024 City of Ceres audited Financial Statements and the Audit Reports for the period ended June 30, 2024.

I. BACKGROUND:

The independently audited Annual Comprehensive Financial Report for the City of Ceres, as of June 30, 2024, is hereby forwarded for review and acceptance by the City Council.

The Annual Comprehensive Financial Report includes basic financial statements, footnotes, supplemental information required by the Governmental Accounting Standards Board (GASB) for Generally Accepted Accounting Principles (GAAP) financial report, Management Discussion and Analysis (MD&A) of the financial statements and the City’s independent auditor’s opinion regarding the conformance of the financial statements with GAAP. Based on the audit performed by JJACPA, the City of Ceres received an unmodified opinion, also known as a clean audit. An unmodified opinion indicates that the financial statements, taken as a whole, appear to be presented fairly. An unmodified opinion is the highest level of opinion that can be expressed on audited financial statements.

The purpose of the independent audit is to obtain reasonable assurance that the City’s financial statements are free of material misstatement and are presented in conformity with GAAP. The independent audit involved examining, on a test basis, evidence supporting the amounts and disclosures in the financial statement, assessing the accounting principles used and significant estimated made by management, and evaluating the overall financial statement presentation.

ITEM 14
JJACPA also performed agreed upon procedures on the Appropriations Limit Schedule and Measure H for the City of Ceres. These procedures were agreed to by the management of the City of Ceres, solely to assist with the compliance with the reporting requirements of Section 1.5 of Article XIII-B of the California Constitution and of the Stanislaus County Initiative Measure H, respectively. No exceptions were noted as a result of the agreed upon procedures.

II. REASONS FOR RECOMMENDATION:

Acceptance by the governing body of the annual audit reports is required.

III. FISCAL IMPACTS:

Accepting the 2023-2024 City of Ceres Audited Financial Statements and Audit Reports for the Period Ended June 30, 2024 does not have any fiscal impacts. The cost of the services provided by the independent accounting firm, JJACPA, was included in the City’s annual budget.

IV. EXISTING POLICY / RELATIONSHIP TO THE STRATEGIC PLAN:

N/A
V. POLICY ALTERNATIVES:

N/A
VI. INTERDEPARTMENTAL COORDINATION:

N/A
VII. PUBLIC PARTICIPATION:

N/A
VIII. ENVIRONMENTAL REVIEW:

N/A
IX. STEPS FOLLOWING APPROVAL:

File the City of Ceres Audited Financial Statements with the State of California Controller’s Office, Municipal Securities Rulemaking Board as well as all debt service providers.

Approved by: _________________________
Trenton Johnson,
Acting City Manager
ITEM 14
Attachments:

1. Attachment A – Resolution

2. Attachment B – Communication Letter

3. Attachment C – Annual Comprehensive Financial Statements

4. Attachment D – GANN Report

5. Attachment E – Measure H Audit Report
ITEM 14
ITEM 14

ATTACHMENT A
RESOLUTION NO. 2026-XXX
ACCEPTING THE 2023-2024 CITY OF CERES AUDITED FINANCIAL

STATEMENTS AND AUDIT REPORT FOR THE PERIOD ENDED JUNE
30, 2024

THE CITY COUNCIL
City of Ceres
WHEREAS, the City’s financial records must be audited annually; and WHEREAS, the City’s Financial records for Fiscal Year ending June 30,2024 were audited by the independent auditing firm of JJACPA, Inc; and WHEREAS, an unqualified opinion has been given by the auditors of JJACPA, Inc, to these financial statements’ and
WHEREAS, the report is presented in compliance with the Government Accounting Standards Board pronouncements; and
WHEREAS, acceptance by the governing body of the annual report is required.

NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of Ceres does accept the 2023-2024 City of Ceres audited financial statements and audit reports for the period ended June 30, 2024.

PASSED AND ADOPTED by the Ceres City Council at a regular meeting thereof held on the 13
th day of April 2026, by the following vote:

AYES: Councilmembers:

NOES: Councilmembers:

ABSENT: Councilmembers:

ABSTAIN: Councilmembers:
________________________________
Javier Lopez, Mayor
ATTEST:
_________________________________
Fallon Martin, City Clerk
ITEM 14
ITEM 14

CITY OF CERES

COMMUNICATION WITH THOSE CHARGED WITH GOVERNANCE AND

COMMUNICATION OF INTERNAL CONTROL RELATED MATTERS
JUNE 30, 2024
ATTACHMENT B ITEM 14
7080 Donlon Way, Suite 204, Dublin, CA 94568 ● phone (925) 556-6200 ● fax: (707) 232-6226 1102 South Main Street, #1, Fort Bragg, CA 95437 ● phone (707) 964-6325 www.jjacpa.com
April 2, 2026
City Council
City of Ceres
Ceres, California
We have audited the basic financial statements of the City of Ceres (City) as of and for the year ended June 30, 2024 and have issued our report thereon dated April 2, 2026. Professional standards require that we advise you of the following matters relating to our audit.

Our Responsibility in Relation to the Financial Statement Audit As communicated in our engagement letter dated January 14, 2026, our responsibility, as described by professional standards, is to form and express an opinion(s) about whether the financial statements that have been prepared by management with your oversight are presented fairly, in all material respects, in conformity with accounting principles generally accepted in the United States of America. Our audit of the financial statements does not relieve you or management of your respective responsibilities.

Our responsibility, as prescribed by professional standards, is to plan and perform our audit to obtain reasonable, rather than absolute, assurance about whether the financial statements are free of material misstatement. An audit of financial statements includes consideration of internal control over financial reporting as a basis for designing audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the entity’s internal control over financial reporting. Accordingly, as part of our audit, we considered the internal control of City of Ceres solely for the purpose of determining our audit procedures and not to provide any assurance concerning such internal control.

We are also responsible for communicating significant matters related to the audit that are, in our professional judgment, relevant to your responsibilities in overseeing the financial reporting process.

However, we are not required to design procedures for the purpose of identifying other matters to communicate to you.

Planned Scope and Timing of the Audit
We conducted our audit consistent with the planned scope and timing we previously communicated to you.

ATTACHMENT B ITEM 14
Compliance with All Ethics Requirements Regarding Independence The engagement team, others in our firm, as appropriate, and our firm have complied with all relevant ethical requirements regarding independence.

Qualitative Aspects of the Entity’s Significant Accounting Practices Significant Accounting Policies
Management has the responsibility to select and use appropriate accounting policies. A summary of the significant accounting policies adopted by the City is included in Note 1 to the financial statements.

There have been no initial selection of accounting policies and no changes in significant accounting policies or their application during fiscal year ended June 30, 2024. No matters have come to our attention that would require us, under professional standards, to inform you about (1) the methods used to account for significant unusual transactions and (2) the effect of significant accounting policies in controversial or emerging areas for which there is a lack of authoritative guidance or consensus.

Significant Accounting Estimates
Accounting estimates are an integral part of the financial statements prepared by management and are based on management’s current judgments. Those judgments are normally based on knowledge and experience about past and current events and assumptions about future events. Certain accounting estimates are particularly sensitive because of their significance to the financial statements and because of the possibility that future events affecting them may differ markedly from management’s current judgments.

The most sensitive accounting estimates affecting the financial statements are useful lives of capital assets (“useful lives”) and net pension liability.

Management’s estimate of the useful lives is based on experience with and observation of capital assets, by category (e.g. infrastructure) as well as industry standards, when applicable (i.e. buildings). We evaluated the key factors and assumptions used to develop the useful lives and determined that it is reasonable in relation to the basic financial statements taken as a whole.

Management's estimate of the net pension liability is based on actuarial valuations that consider various assumptions, including discount rates, expected long-term return on plan assets, mortality rates, and projected salary increases. We evaluated the key factors and assumptions used to develop the net pension liability and determined that it is reasonable in relation to the basic financial statements taken as a whole.

Financial Statement Disclosures
Certain financial statement disclosures involve significant judgment and are particularly sensitive because of their significance to financial statement users. The most sensitive disclosures affecting the City’s financial statements relate to commitments and contingencies.

ATTACHMENT B ITEM 14
Significant Difficulties Encountered during the Audit
Although we ultimately received full cooperation of management and believe that we were given direct and unrestricted access to the City's officials and senior management, we experienced significant difficulties in the performance of the audit owing to the failure of the City’s accounting personnel to prepare the requested audit schedules as initially agreed. These difficulties in receiving incomplete or inaccurately prepared audit schedules, or not receiving the requested audit schedules at all, significantly added to the time and related cost of the audit.

Uncorrected and Corrected Misstatements
For purposes of this communication, professional standards require us to accumulate all known and likely misstatements identified during the audit, other than those that we believe are trivial, and communicate them to the appropriate level of management. Further, professional standards require us to also communicate the effect of uncorrected misstatements related to prior periods on the relevant classes of transactions, account balances or disclosures, and the financial statements as a whole and each applicable opinion unit. Management has corrected all identified misstatements.

In addition, professional standards require us to communicate to you all material, corrected adjustments that were brought to the attention of management as a result of our audit procedures. None of the misstatements identified by us as a result of our audit procedures and corrected by management were material, either individually or in the aggregate, to the financial statements taken as a whole or applicable opinion units.

Disagreements with Management
For purposes of this letter, professional standards define a disagreement with management as a matter, whether or not resolved to our satisfaction, concerning a financial accounting, reporting, or auditing matter, which could be significant to the City’s financial statements or the auditor’s report. No such disagreements arose during the course of the audit.

Representations Requested from Management
We have requested certain written representations from management, which are included in the attached letter dated April 2, 2026.

Management’s Consultations with Other Accountants
In some cases, management may decide to consult with other accountants about auditing and accounting matters. Management informed us that, and to our knowledge, there were no consultations with other accountants regarding auditing and accounting matters.

Other Significant Matters, Findings, or Issues
In the normal course of our professional association with the City, we generally discuss a variety of matters, including the application of accounting principles and auditing standards, operating and regulatory conditions affecting the City, and operational plans and strategies that may affect the risks of material misstatement. None of the matters discussed resulted in a condition to our retention as the entity’s auditors.

ATTACHMENT B ITEM 14
Other Information in Documents Containing Audited Financial Statements Pursuant to professional standards, our responsibility as auditors for other information in documents containing the City’s audited financial statements does not extend beyond the financial information identified in the audit report, and we are not required to perform any procedures to corroborate such other information. However, in accordance with such standards, we have read the Management’s Discussion and Analysis and considered whether such information or the manner of its presentation was materially inconsistent with its presentation in the financial statements.

Our responsibility also includes communicating to you any information which we believe is a material misstatement of fact. Nothing came to our attention that caused us to believe that such information, or its manner of presentation, is materially inconsistent with the information, or manner of its presentation, appearing in the financial statements.

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

Communication of Internal Control Related Matters
In planning and performing our audit of the financial statements, we considered the City’s internal control over financial reporting (internal control) to determine the audit procedures that are appropriate in the circumstances for the purpose of expressing our opinions on the financial statements, but not for the purpose of expressing an opinion on the effectiveness of the City’s internal control.

Accordingly, we do not express an opinion on the effectiveness of the City’s internal control.

A deficiency in internal control exists when the design or operation of a control does not allow management or employees, in the normal course of performing their assigned functions, to prevent, or detect and correct, misstatements on a timely basis. A material weakness is a deficiency, or a combination of deficiencies, in internal control, such that there is a reasonable possibility that a material misstatement of the entity’s financial statements will not be prevented or detected and corrected on a timely basis. A significant deficiency is a deficiency, or a combination of deficiencies, in internal control that is less severe than a material weakness, yet important enough to merit attention by those charged with governance.

Our consideration of internal control was for the limited purpose described in the first paragraph of this section and was not designed to identify all deficiencies in internal control that might be material weaknesses or significant deficiencies and therefore, material weaknesses or significant deficiencies may exist that have not been identified. We did identify certain deficiencies in internal control, described in the accompanying schedule of findings and responses as item 2024-001 that we consider to be a material weakness.

Very truly yours,
]ÉáxÑ{ ] TÜv{?VcT

JOSEPH J ARCH, CPA
President/CEO
JJACPA, INC.

ATTACHMENT B ITEM 14
City of Ceres
Schedule of Findings and Responses
For the year ended June 30, 2024
Financial Statement Findings
Finding 2024-001
Material Weakness of Noncompliance with California Government Code – Filing Deadline Expiration
Criteria: California Government Code, Section 26909, (a) (2), requires Cities to file an annual audit of the accounts and records with the California State Controller within 12 months of the end of the fiscal year.

Condition: For the year ended June 30, 2024 the City of Ceres (City) did not file an annual audit of the accounts and records with the California State Controller within 12 months of the end of the fiscal year.

Cause: Management of the City has not implemented procedures to meet the filing requirements outlined in the California Government Code.

Effect: The information reported to the public and other government agencies is not timely or relevant to current City operations and potential loss of funding.

Recommendation: Management should file the audited financial statements for the year ended June 30, 2024 immediately. Additionally, the City should implement procedures for meeting the filing requirements outlined in the California Government Code in order to provide timely reporting for future audits.

Responsible Official’s Response: Management concurs with the auditor’s finding that a material weakness existed due to noncompliance with California Government Code Section 26909. The underlying causes included prolonged resource constraints within the Finance Department, turnover in key accounting positions, challenges associated with the ERP system implementation, and delays in reconciling certain major balance sheet accounts.

To address these issues, the City engaged an external financial consultant to assist in completing outstanding bank reconciliations and restoring timely financial reporting. Management is also implementing additional corrective measures, including reprioritizing workloads, enhancing oversight of monthly close activities, and establishing standardized reconciliation checklists for all major balance sheet accounts.

Management anticipates that this finding will extend through Fiscal Year 2025, and possibly Fiscal Year 2026 financial statement reporting cycles, with full resolution expected in Fiscal Year 2027.

ATTACHMENT B ITEM 14

CITY OF CERES, CALIFORNIA

ANNUAL FINANCIAL REPORT

FOR THE FISCAL YEAR ENDED
JUNE 30, 2024
Prepared by:

Vanessa Portillo
Finance Director
ATTACHMENT C ITEM 14
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ATTACHMENT C ITEM 14
City of Ceres, California
Basic Financial Statements
For the year ended June 30, 2024
Table of Contents
i
Page
Table of Contents .................................................................................................................................. i Organization Chart ............................................................................................................................. v List of Officials .................................................................................................................................. vii Independent Auditors’ Report ........................................................................................................... 1 Management’s Discussion and Analysis (Required Supplementary Information) ....................... 4 Basic Financial Statements:

Government-Wide Financial Statements:

Statement of Net Position ........................................................................................................ 21 Statement of Activities ............................................................................................................ 22 Fund Financial Statements:

Governmental Funds:

Balance Sheet ................................................................................................................................ 26 Reconciliation of Governmental Funds Balance Sheet to the Statement of Net Position ........................................................................................................ 28 Reconciliation of Fund Basis Balance Sheet to Government-wide Statement of Net Position – Governmental Activities ............................................................. 29 Statement of Revenues, Expenditures, and Changes
in Fund Balances – Governmental Funds ................................................................................ 30 Reconciliation of Fund Basis Statements to Government-wide Statement of Activities ............................................................................................................ 32 Reconciliation of the Statement of Revenues, Expenditures, and Changes in Fund Balances of Governmental Funds to the Statement of Activities ............................... 33 Statement of Revenues, Expenditures, and Changes in
Fund Balances - Budget to Actual – General Fund and
Major Special Revenue Funds ................................................................................................. 34

INTRODUCTORY SECTION

FINANCIAL SECTION
ATTACHMENT C ITEM 14
City of Ceres, California
Basic Financial Statements
For the year ended June 30, 2024
Table of Contents, Continued
ii
Page
Basic Financial Statements, Continued:

Fund Financial Statements, Continued:

Proprietary Funds:

Statement of Net Position – Proprietary Funds ............................................................................ 40 Statement of Revenues, Expenses, and Changes in Fund Net Position – Proprietary Funds ............................................................................................................... 41 Statement of Cash Flows – Proprietary Funds ............................................................................. 42 Fiduciary Funds:

Statement of Fiduciary Net Position – Fiduciary Funds ................................................................ 43 Statement of Changes in Fiduciary Net Position – Private Purpose Trust Funds ......................... 44 Notes to Basic Financial Statements .......................................................................................... 47 Required Supplementary Information:

Schedule of Employer Contributions ...................................................................................... 63 Schedule of the Changes in Net Pension Liability and Related Ratios .................................. 97 Combining and Individual Fund Financial Statements and Schedules:

Nonmajor Special Revenue Funds:

Combining Balance Sheet ............................................................................................................ 104 Combining Statement of Revenues, Expenditures, and Changes in Fund Balances .............................................................................................................. 110 Schedule of Revenues, Expenditures, and Changes in Fund Balances – Budget to Actual – Street Expansion ............................................................................... 116 Schedule of Revenues, Expenditures, and Changes in Fund Balances – Budget to Actual – CDBG Grants ................................................................................... 117 Schedule of Revenues, Expenditures, and Changes in Fund Balances – Budget to Actual – Street Tree ........................................................................................ 118 Schedule of Revenues, Expenditures, and Changes in Fund Balances – Budget to Actual – Storm Drain Benefit Districts ........................................................... 119 Schedule of Revenues, Expenditures, and Changes in Fund Balances – Budget to Actual – Brown Annex ................................................................................... 120 Schedule of Revenues, Expenditures, and Changes in Fund Balances – Budget to Actual – Eastgate Street Benefit District ........................................................ 121 Schedule of Revenues, Expenditures, and Changes in Fund Balances – Budget to Actual – AB 939 ............................................................................................. 122 Schedule of Revenues, Expenditures, and Changes in Fund Balances – Budget to Actual – Neighborhood Park Fees .................................................................. 123 Schedule of Revenues, Expenditures, and Changes in Fund Balances – Budget to Actual – BEGIN Grant .................................................................................... 124 Schedule of Revenues, Expenditures, and Changes in Fund Balances – Budget to Actual – Program Income BEGIN .................................................................. 125 ATTACHMENT C ITEM 14
City of Ceres, California
Basic Financial Statements
For the year ended June 30, 2024
Table of Contents, Continued
iii
Page
Combining and Individual Fund Financial Statements and Schedules, Continued:

Nonmajor Special Revenue Funds, Continued:

Schedule of Revenues, Expenditures, and Changes in Fund Balances – Budget to Actual – State Gas Tax .................................................................................... 126 Schedule of Revenues, Expenditures, and Changes in Fund Balances – Budget to Actual – SLESF .............................................................................................. 127 Schedule of Revenues, Expenditures, and Changes in Fund Balances – Budget to Actual – Abandoned Vehicle Abatement ........................................................ 128 Schedule of Revenues, Expenditures, and Changes in Fund Balances – Budget to Actual – Seized Property ................................................................................. 129 Schedule of Revenues, Expenditures, and Changes in Fund Balances – Budget to Actual – Downtown Revitalization ................................................................. 130 Schedule of Revenues, Expenditures, and Changes in Fund Balances – Budget to Actual – Street-Light and Landscape District ................................................. 131 Schedule of Revenues, Expenditures, and Changes in Fund Balances – Budget to Actual – Traffic Offender ............................................................................... 132 Schedule of Revenues, Expenditures, and Changes in Fund Balances – Budget to Actual – Traffic Safety .................................................................................... 133 Schedule of Revenues, Expenditures, and Changes in Fund Balances – Budget to Actual – Used Oil Grants ................................................................................ 134 Schedule of Revenues, Expenditures, and Changes in Fund Balances – Budget to Actual – Department of Conservation Grant .................................................. 135 Schedule of Revenues, Expenditures, and Changes in Fund Balances – Budget to Actual – CMAQ .............................................................................................. 136 Schedule of Revenues, Expenditures, and Changes in Fund Balances – Budget to Actual – Community Facilities District .......................................................... 137 Schedule of Revenues, Expenditures, and Changes in Fund Balances – Budget to Actual – Fire Hydrant Benefit District ............................................................ 138 Schedule of Revenues, Expenditures, and Changes in Fund Balances – Budget to Actual – Transportation Development Act ..................................................... 139 Schedule of Revenues, Expenditures, and Changes in Fund Balances – Budget to Actual – LLEBG ............................................................................................. 140 Schedule of Revenues, Expenditures, and Changes in Fund Balances – Budget to Actual – Public Facilities Fees ........................................................................ 141

ATTACHMENT C ITEM 14
City of Ceres, California
Basic Financial Statements
For the year ended June 30, 2024
Table of Contents, Continued
iv
Page
Combining and Individual Fund Financial Statements and Schedules, Continued:

Nonmajor Special Revenue Funds, Continued:

Schedule of Revenues, Expenditures, and Changes in Fund Balances – Budget to Actual – Daniel Whitmore House ................................................................... 142 Schedule of Revenues, Expenditures, and Changes in Fund Balances – Budget to Actual – River Bluff Regional Park ................................................................ 143 Schedule of Revenues, Expenditures, and Changes in Fund Balances – Budget to Actual – Ceres Community Foundation .......................................................... 144 Schedule of Revenues, Expenditures, and Changes in Fund Balances – Budget to Actual – Clinton Whitmore Mansion .............................................................. 145 Schedule of Revenues, Expenditures, and Changes in Fund Balances – Budget to Actual – Measure L ......................................................................................... 146 Schedule of Revenues, Expenditures, and Changes in Fund Balances – Budget to Actual – Road Maintenance and Rehab .......................................................... 147 Schedule of Revenues, Expenditures, and Changes in Fund Balances – Budget to Actual – SB2 Planning Grants Program ......................................................... 148 Schedule of Revenues, Expenditures, and Changes in Fund Balances – Budget to Actual – SB 1383 ............................................................................................ 149 Schedule of Revenues, Expenditures, and Changes in Fund Balances – Budget to Actual – CARES Act ...................................................................................... 150 Internal Service Funds:

Statement of Fund Net Position – Internal Service Funds ........................................................... 152 Statement of Revenues, Expenses, and Changes in Fund Net Position– Internal Service Funds ..................................................................................................... 153 Combining Statement of Cash Flows – Internal Service Funds .................................................. 154 Trust and Agency Funds:

Combining Statement of Net Position – Private Purpose Trust Funds ........................................ 156 Combining Statement of Changes in Fiduciary Net Position– Private Purpose Trust Funds ........................................................................................... 157 ATTACHMENT C ITEM 14
City of Ceres, California
Basic Financial Statements
For the year ended June 30, 2024
Organization Chart
v

ATTACHMENT C ITEM 14
vi
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ATTACHMENT C ITEM 14
City of Ceres, California
Basic Financial Statements
For the year ended June 30, 2024
List of Officials
vii
 Javier Lopez, Mayor
 Daniel A. Martinez, Vice Mayor
 James Casey
 Rosalinda L. Vierra
 Cerina Otero
 Doug Dunford, City Manager
 Vanessa Portillo, Finance Director
 Kayla Martinez, City Treasurer
 Fallon Martin, City Clerk
 Nubia Goldstein, City Attorney

CITY COUNCIL

CITY OFFICIALS
ATTACHMENT C ITEM 14
viii
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ATTACHMENT C ITEM 14
7080 Donlon Way, Suite 204, Dublin, CA 94568 ● phone (925) 556-6200 ● fax: (707) 232-6226 1102 South Main Street, #1, Fort Bragg, CA 95437 ● phone (707) 964-6325 www.jjacpa.com
INDEPENDENT AUDITORS’ REPORT
To the Honorable Mayor and City Council
of the City of Ceres
Ceres, California
Report on the Audit of the Financial Statements
Opinions
We have audited the financial statements of the governmental activities, the business-type activities, each major fund, and the aggregate remaining fund information of the City of Ceres, as of and for the year ended June 30, 2024, and the related notes to the financial statements, which collectively comprise City’s basic financial statements as listed in the table of contents.

In our opinion, the accompanying financial statements present fairly, in all material respects, the respective financial position of the governmental activities, the business-type activities, each major fund, and the aggregate remaining fund information of the City, as of June 30, 2024, and the respective changes in financial position and, where applicable, cash flows thereof and the respective budgetary comparison for the General Fund, Measure H Special Revenue Fund, Community Center Special Revenue Fund, and the HOME Program Grants Special Revenue Fund 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 City 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.

Responsibilities of Management for the Financial Statements The City’s 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 the City’s ability to continue as a going concern for twelve months beyond the financial statement date, including any currently known information that may raise substantial doubt shortly thereafter.

ATTACHMENT C ITEM 14
To the Honorable Mayor and City Council
of the City of Ceres
Ceres, California

Page 2 ends

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 City’s internal control. Accordingly, no such opinion is expressed.  Evaluate the appropriateness of accounting policies used and the reasonableness of significant accounting estimates made by management, as well as evaluate the overall presentation of the financial statements.  Conclude whether, in our judgment, there are conditions or events, considered in the aggregate, that raise substantial doubt about the City’s ability to continue as a going concern for a reasonable period of time.

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

Required Supplementary Information
Accounting principles generally accepted in the United States of America require that the management’s discussion and analysis on pages 4-17, the City’s Schedules of Contributions, Pensions on pages 96, and the Schedules of the City’s Proportionate Share of the Net Pension Liability on pages 97, be presented to supplement the basic financial statements. Such information is the responsibility of management and, although not a part of the basic financial statements, is required by the Governmental Accounting Standards Board who considers it to be an essential part of financial reporting for placing the basic financial statements in an appropriate operational, economic, or historical context. We have applied certain limited procedures to the required supplementary information in accordance with auditing standards generally accepted in the United States of America, which consisted of inquiries of management about the methods of preparing the information and comparing the information for consistency with management’s responses to our inquiries, the basic financial statements, and other knowledge we obtained during our audit of the basic financial statements. We do not express an opinion or provide any assurance on the information because the limited procedures do not provide us with sufficient evidence to express an opinion or provide any assurance.

ATTACHMENT C ITEM 14
To the Honorable Mayor and City Council
of the City of Ceres
Ceres, California

Page 3 ends

Supplementary Information
Our audit was conducted for the purpose of forming opinions on the financial statements that collectively comprise the City’s basic financial statements. The combining and individual nonmajor fund financial statements are presented for purposes of additional analysis and are not a required part of the basic financial statements.

The combining and individual nonmajor fund financial statements are 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. Such information has been subjected to the auditing procedures applied in the audit of the basic financial statements and certain additional procedures, including comparing and reconciling such information directly to the underlying accounting and other records used to prepare the basic financial statements or to the basic financial statements themselves, and other additional procedures in accordance with auditing standards generally accepted in the United States of America. In our opinion, the combining and individual nonmajor fund financial statements are fairly stated, in all material respects, in relation to the basic financial statements as a whole.

Other Reporting Required by Government Auditing Standards In accordance with Government Auditing Standards, we have also issued our report dated April 2, 2026 on our consideration of City’s internal control over financial reporting and on our tests of its compliance with certain provisions of laws, regulations, contracts, and grant agreements and other matters. The purpose of that report is solely to describe the scope of our testing of internal control over financial reporting and compliance and the results of that testing, and not to provide an opinion on the effectiveness of internal control over financial reporting or on compliance. That report is an integral part of an audit performed in accordance with Government Auditing Standards in considering City’s internal control over financial reporting and compliance. ]]TVcT? \ÇvA
April 2, 2026 JJACPA, Inc.

Dublin, CA
ATTACHMENT C ITEM 14
City of Ceres, California
Basic Financial Statements
For the year ended June 30, 2024
Management’s Discussion and Analysis
4 This section provides a narrative overview and analysis of the financial activities of the City of Ceres (City) for the fiscal year ended June 30, 2024. It should be read in conjunction with the accompanying transmittal letter and basic financial statements.

FINANCIAL HIGHLIGHTS
 As of June 30, 2024, total assets of the City exceeded its liabilities by $254,269,346 (net position). The portion of net position that may be used to meet the government’s ongoing obligations to citizens and creditors (unrestricted net position) is $44,093,395. There are currently $12,911,916 of net position that are restricted and may only be used for a specific purpose. The remaining $197,264,035 is the net investment in capital assets.  As of June 30, 2024, the City’s Governmental Activities reported combined net position of $93,323,122 of that, ($2,106,619) is unrestricted.
 As of June 30, 2024, the City’s governmental funds reported combined ending fund balances of $29,151,452. Approximately 92% of this total amount ($26.8 million) is nonspendable, restricted, committed or assigned to indicate that it is not available for new spending because it has already been set aside for a specific purpose due to a law, regulation, or Council action or it is not part of available, spendable resources. Of the remaining balance, $7,517,571 is unassigned general fund balance and ($5,156,003) is unassigned special revenue fund balance.  Capital assets in the governmental activities, net of depreciation, increased to $82,517,825 from $81,934,431, which includes $111,225,836 of infrastructure per the requirements of GASB 34.

This increase is attributed to the purchase of equipment and building improvements.

ATTACHMENT C ITEM 14
City of Ceres, California
Basic Financial Statements
For the year ended June 30, 2024
Management’s Discussion and Analysis
5 OVERVIEW OF THE ANNUAL FINANCIAL REPORT
This Annual Financial Report is in two major parts:
1) Introductory section, which includes general information; 2) Financial section, which includes the Management’s Discussion and Analysis (this part), the Basic Financial Statements, which include the Government-wide and the Fund Financial Statements along with the notes to these financial statements, and supplementary information, which includes Combining and Individual Fund Financial Statements and Schedules.

The Basic Financial Statements
The Basic Financial Statements are comprised of the Government-wide Financial Statements and the Fund Financial Statements; these two sets of financial statements provide two different views of the City’s financial activities and financial position.

The Government-wide Financial Statements
The Government-wide Financial Statements provide a broad overview of the City’s activities as a whole and comprise the Statement of Net Position and the Statement of Activities. The Statement of Net Position provides information about the financial position of the City as a whole, including all its capital assets and long-term liabilities on the full accrual basis, similar to that used by corporations. The Statement of Activities provides information about all the City’s revenues and all its expenses, also on the full accrual basis, with the emphasis on measuring net revenues or expenses of each the City’s programs. The Statement of Activities explains in detail the change in Net Position for the year.

All of the City’s activities are grouped into Governmental Activities and Business-type activities, as explained below. All the amounts in the Statement of Net Position and the Statement of Activities are separated into Governmental Activities and Business-type Activities in order to provide a summary of these two activities of the City as a whole.
♦ Governmental activities – All of the City’s basic services are considered to be governmental activities, including general government, community development, economic development, public safety, animal control, engineering, community events, public improvements, planning and zoning, building inspections, and general administration. These services are supported by general City revenues such as taxes and by specific program revenues such as developer fees.

ATTACHMENT C ITEM 14
City of Ceres, California
Basic Financial Statements
For the year ended June 30, 2024
Management’s Discussion and Analysis
6 OVERVIEW OF THE ANNUAL FINANCIAL REPORT, Continued
The Government-wide Financial Statements, Continued
♦ Business-type activities – All the City’s enterprise activities are reported here, including Water, Sewer, and STANCOG. Unlike governmental services, these services are supported by charges paid by users based on the amount of the service they use.

Fund Financial Statements
A fund is a grouping of related accounts that is 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. All of the funds of the City can be divided into two categories: governmental funds and proprietary funds.

Governmental funds. 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 Fund Financial Statements focus on near-term inflows and outflows of spendable resources, as well as on 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.

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

The Governmental Fund Financial Statements provide detailed information about each of the City’s most significant funds, called major funds. The concept of major funds, and the determination of which are major funds, was established by GASB Statement No. 34 and replaces the concept of combining like funds and presenting them as one total. Instead, each major fund is presented individually, with all nonmajor funds summarized and presented only in a single column. Subordinate schedules present the detail of these nonmajor funds. Major funds present the major activities of the City for the year, and may change from year to year as a result of changes in the pattern of the City’s activities.

ATTACHMENT C ITEM 14
City of Ceres, California
Basic Financial Statements
For the year ended June 30, 2024
Management’s Discussion and Analysis
7 OVERVIEW OF THE ANNUAL FINANCIAL REPORT, Continued
Fund Financial Statements, Continued
For the fiscal year ended June 30, 2024, the City’s major funds are as follows:

GOVERNMENTAL FUNDS:
 General Fund
 Measure H Special Revenue Fund
 Community Center Special Revenue Fund
 HOME Program Grants Special Revenue Fund
PROPRIETARY FUNDS:
 Water Enterprise Fund
 Sewer Enterprise Fund
 STANCOG Enterprise Fund
Proprietary funds. The City maintains Enterprise-type and internal service proprietary funds. Enterprise funds are used to report the same functions presented as business-type activities in the Government-wide Financial Statements. The City uses enterprise funds to account for Water, Sewer, and STANCOG activities. Proprietary funds provide the same type of information as the Government-wide Financial Statements, only in more detail. Internal service funds present operations for services provided within the government. Internal service funds are maintained for equipment, information technology, risk management, and building maintenance activities. The proprietary fund financial statements provide separate information for the all of the enterprise operations and a combined total for the internal service funds, which are consolidated into governmental activities at the government-wide statement level.

Notes to the Basic Financial Statements
The notes provide additional information that is essential to a full understanding of the data provided in the Government-wide and Fund Financial Statements. The notes to the basic financial statements can be found on pages 47–93 of this report.

ATTACHMENT C ITEM 14
City of Ceres, California
Basic Financial Statements
For the year ended June 30, 2024
Management’s Discussion and Analysis
8 OVERVIEW OF THE ANNUAL FINANCIAL REPORT, Continued
Combining and Individual Fund Financial Statements and Schedules The combining statements referred to earlier in connection with nonmajor governmental funds are presented immediately following the notes to the financial statements. Combining and individual fund statements can be found on pages 104-157 of this report.

GOVERNMENT-WIDE FINANCIAL ANALYSIS
As noted earlier, net position may serve over time as a useful indicator of a government’s financial position.

In the case of the City, assets exceeded liabilities by $254,269,346 as of June 30, 2024.

The Summary of Net Position as of June 30, 2024, and 2023, follows:

Govern- Business- Govern- Businessmental type mental type Activities Activities Total Activities Activities Total Current and other assets $ 41,992,823 $ 68,328,155 $ 110,320,978 $ 42,717,983 $ 56,906,292 $ 99,624,275 Noncurrent assets 89,267,649 107,294,210 196,561,859 88,693,460 101,706,966 190,400,426 Total assets 131,260,472 175,622,365 306,882,837 131,411,443 158,613,258 290,024,701 Deferred outflows: Pension Plan 17,627,564 2,791,810 20,419,374 18,653,573 2,962,695 21,616,268 Total assets and deferred outflows 148,888,036 178,414,175 327,302,211 150,065,016 161,575,953 311,640,969 Current and other liabilities 7,231,816 2,296,922 9,528,738 5,904,340 7,887,720 13,792,060 Long-term liabilities 42,929,916 14,000,306 56,930,222 42,161,700 14,349,450 56,511,150 Total liabilities 50,161,732 16,297,228 66,458,960 48,066,040 22,237,170 70,303,210 Deferred inflows: Pension Plan 5,403,182 1,170,723 6,573,905 4,577,136 1,033,142 5,610,278 Total liabilities and deferred inflows 55,564,914 17,467,951 73,032,865 52,643,176 23,270,312 75,913,488 Net position:

Net investment in capital assets 82,517,825 114,746,210 197,264,035 81,818,084 109,614,966 191,433,050 Restricted 12,911,916 12,911,916 - 12,026,765 12,026,765 - Unrestricted (2,106,619) 46,200,014 44,093,395 3,576,991 28,690,675 32,267,666 Total net position $ 93,323,122 $ 160,946,224 $ 254,269,346 $ 97,421,840 $ 138,305,641 $ 235,727,481 Summary of Net Position
2024 2023
Restricted net position increased by $885,151 due to increased revenue from Measure H, Measure L and American Rescue Plan Act (ARPA) funding. The increased revenues are committed to public safety personnel and equipment costs, and projects approved by the City Council, respectively.

ATTACHMENT C ITEM 14
City of Ceres, California
Basic Financial Statements
For the year ended June 30, 2024
Management’s Discussion and Analysis, Continued
9 GOVERNMENT-WIDE FINANCIAL ANALYSIS, Continued
The change in net position for the fiscal years ended June 30, 2024, and 2023, follows:

Govern- Business- Govern- Businessmental type mental type Activities Activities Total Activities Activities Total Revenues:

Program revenues:

Charges for services $ 3,650,485 $ 27,036,959 $ 30,687,444 $ 5,175,997 $ 28,236,824 $ 33,412,821 Grants and contributions:

Operating 10,107,661 10,107,661 - 14,354,016 14,354,016 - Capital 5,911,757 14,689,919 20,601,676 5,368,640 43,723,782 49,092,422 General revenues:

Property taxes
and assessments 4,202,546 4,202,546 - 4,054,327 4,054,327 - Sales and use tax 8,311,139 8,311,139 - 8,130,402 8,130,402 - Utility users tax 1,392,511 1,392,511 - 1,523,199 1,523,199 - Other taxes 3,071,647 3,071,647 - 3,053,996 3,053,996 - State motor vehcile in-lieu tax 4,851,666 4,851,666 - 4,570,402 4,570,402 - Use of money and property 564,919 328,319 893,238 504,482 237,841 742,323 Other general 152,088 3,000,000 3,152,088 32,767 2,867,253 2,900,020 Total revenues 42,216,419 45,055,197 87,271,616 46,768,228 75,065,700 121,833,928 Expenses:

Governmental activities:

General government 7,536,402 7,536,402 - 6,083,262 6,083,262 - Public safety 27,127,354 27,127,354 - 27,330,653 27,330,653 - Engineering and transportation 2,158,673 2,158,673 - 167,039 - 167,039 Public works 5,037,573 5,037,573 - 3,483,044 3,483,044 - Community services 4,052,287 4,052,287 - 3,733,912 3,733,912 - Economic development 96,216 - 96,216 226,096 - 226,096
Interest and fiscal charges 2,632 - 2,632 6,041 - 6,041 Business-type activities:

Water 13,300,319 - 13,300,319 8,495,569 - 8,495,569
Sewer 9,418,295 - 9,418,295 9,858,254 - 9,858,254
STANCOG - - - - 3,644 3,644
Total expenses 46,011,137 22,718,614 68,729,751 41,030,047 18,357,467 59,387,514 Excess (Deficiency) of revenues over
expenditures before transfers (3,794,718) 22,336,583 18,541,865 5,738,181 56,708,233 62,446,414 Transfers (304,000) 304,000 (304,000) - 304,000 -
Change in net position (4,098,718) 22,640,583 18,541,865 5,434,181 57,012,233 62,446,414 Net position:

Beginning of year 97,421,840 138,305,641 235,727,481 91,987,659 81,293,408 173,281,067 End of year $ 93,323,122 $ 160,946,224 $ 254,269,346 $ 97,421,840 $ 235,727,481 138,305,641 $ 2024 2023
ATTACHMENT C ITEM 14
City of Ceres, California
Basic Financial Statements
For the year ended June 30, 2024
Management’s Discussion and Analysis, Continued
10 GOVERNMENT-WIDE FINANCIAL ANALYSIS, Continued
Revenues
The City’s total revenues for governmental and business-type activities were $87,271,616 for the fiscal year ended June 30, 2024. Approximately 31% of the City’s key revenues are generated from four major sources.

The following discusses variances in key revenues from the prior fiscal year:

1. Sales Tax. Annual receipts increased by 2%. This increase tracks with trends prior to pandemic.

2. Property Tax. Annual receipts increased by 4%, due to higher real estate activity and rising home prices.

3. Grants and Contributions – Governmental Activities Operating. There was a decrease of 30% in Governmental operating grants and contributions mainly due changes in the classification of revenue.

4. State Motor Vehicle In-Tax – Annual receipts increased by 6%. The increase is due to increased vehicle registration fees.

ATTACHMENT C ITEM 14
City of Ceres, California
Basic Financial Statements
For the year ended June 30, 2024
Management’s Discussion and Analysis, Continued
11 GOVERNMENT-WIDE FINANCIAL ANALYSIS, Continued
Expenses
Governmental and business-type activity expenses of the City for the year totaled $68,729,751.

Governmental activity expenses totaled $46,011,137 or 67% of total expenses. Business-type activities incurred $22,718,614 of expenses during the fiscal year. Public safety costs represented 59% of total governmental activities expenses, which represented the largest single expense for governmental activities.

Governmental Activities
The following table shows the cost of each of the City’s major programs and the net cost of the programs.

Net cost is the total cost less fees and other direct revenue generated by the activities. The net cost reflects the financial burden that was placed on the City’s taxpayers by each of the programs. The total cost of services and the net cost of services for the fiscal years ended June 30, 2024, and 2024, are as follows:

Total Cost Net Cost Total Cost Net Cost
of Services of Services of Services of Services
General government $ 7,536,402 $ (6,889,151) $ 6,083,262 $ 244,419 Public safety 27,127,354 (20,091,003) 27,330,653 (20,178,890) Engineering and transportation 2,158,673 (677,902) 167,039 1,076,238 Public works 5,037,573 3,685,861 3,483,044 4,339,909
Community services 4,052,287 (2,270,191) 3,733,912 (1,380,933) Economic development 96,216 (96,216) 226,096 (226,096)
Interest and fiscal charges 2,632 (2,632) 6,041 (6,041) Total $ 46,011,137 $ (26,341,234) $ 41,030,047 $ (16,131,394) 2024 2023
ATTACHMENT C ITEM 14
City of Ceres, California
Basic Financial Statements
For the year ended June 30, 2024
Management’s Discussion and Analysis, Continued
12 GOVERNMENT-WIDE FINANCIAL ANALYSIS, Continued
Revenues by source for the fiscal years ended June 30, 2024, and 2023, are as follows:

Charges for services

8.65%
Operating grants

23.94%
Capital grants

14.00% Property taxes

9.95%
Sales and use tax

19.69%
Utility users tax

3.30%
Other taxes

7.28%
State motor vehicle
in-lieu tax

11.49%
Use of money and
property

1.34%
Other general
revenues

0.36%
Revenues by Source - Governmental Activities
2024
Charges for services

11.07%
Operating grants

30.69%
Capital grants

11.48%
Property taxes

8.67%
Sales and use tax

17.38%
Utility users tax

3.26%
Other taxes

6.53%
State motor vehicle
in-lieu tax

9.77%
Use of money and
property

1.08%
Other general
revenues

0.07%
Revenues by Source - Governmental Activities
2023
ATTACHMENT C ITEM 14
City of Ceres, California
Basic Financial Statements
For the year ended June 30, 2024
Management’s Discussion and Analysis, Continued
13 GOVERNMENT-WIDE FINANCIAL ANALYSIS, Continued
Business-type activities. Business-type activities increased the City’s net position to $160,946,224. The City has three business-type activities: Water, Sewer, and STANCOG. Water accounts for 62%, Sewer accounts for 38% of total business-type activity revenue, and STANCOG accounts for less than 1%. The expenses and program revenues for the business-type activities for the fiscal year ended June 30, 2024, and 2023, are as follows:
$-
$5,000,000
$10,000,000
$15,000,000
$20,000,000
$25,000,000
$30,000,000
$35,000,000
Water Sewer STANCOG
Program revenues Operating expenses
$-
$10,000,000
$20,000,000
$30,000,000
$40,000,000
$50,000,000
$60,000,000
$70,000,000
Water Sewer STANCOG
Program revenues Operating expenses
Expenses and Program Revenues
Business-type Activities
2023
Expenses and Program Revenues
Business-type Activities
2024
ATTACHMENT C ITEM 14
City of Ceres, California
Basic Financial Statements
For the year ended June 30, 2024
Management’s Discussion and Analysis, Continued
14 GOVERNMENT-WIDE FINANCIAL ANALYSIS, Continued
The revenues by source for the business-type activities for the fiscal years ended June 30, 2024, and 2023, are as follows:

Charges for
services
60%
Investment
earnings
1%
Other general
revenues
7%
Capital Grants
and Contributions
32%
Revenues by Source - Business-type Activities
2024
Charges for
services
38%
Investment
earnings
0%
Other general
revenues
4% Capital Grants
and Contributions
58%
Revenues by Source - Business-type Activities
2023
ATTACHMENT C ITEM 14
City of Ceres, California
Basic Financial Statements
For the year ended June 30, 2024
Management’s Discussion and Analysis, Continued
15 GOVERNMENT-WIDE FINANCIAL ANALYSIS, Continued
Financial Analysis of the Government’s Funds
The City of Ceres uses fund accounting to ensure and demonstrate compliance with finance-related legal requirements. The fund financial statements focus on individual parts of the City government, reporting the City’s operations in more detail than the government-wide financial statements.

Governmental funds. The City’s governmental funds provide information on near-term inflows, outflows, and balances of spending resources. At the fiscal year ended June 30, 2024, the City’s governmental funds reported combined fund balances of $29,151,452. This is a decrease of $2,837,085 or 9% less than last year. The decrease was mainly due to the completion of approved projects using the American Rescue Plan Act (ARPA) grant funds given to the City to help recover from the COVID-19 pandemic. The General Fund is the chief operating fund of the City. At the fiscal year ended June 30, 2024, General Fund unassigned fund balance totaled $7,517,571 with $16,411 as nonspendable.

Community Development Block Grant (CDBG) money is available to cities for a variety of community enhancement activities. In the fiscal year ended June 30, 2024, the majority of this money was used to start the Morrow Village sidewalk improvement project.

Proprietary funds. The City’s proprietary funds net position increased by $22,640,583 in the fiscal year ended June 30, 2024. This was primarily due to funds received through the TCP settlement and capital contributions from the draw down of State Revolving Loan Funds to build the Stanislaus Regional Water Authority infrastructure. Factors concerning the finances of the three proprietary funds have already been addressed in the discussion of the City’s business-type activities.

General Fund Budgetary Highlights
The difference between the final budget and actual revenues reflects a negative of $873,260. This was mainly due to the decrease in charges for services and lower collections of Property Tax and Sales Tax revenue. Total general fund final budget for expenditures was $27,402,368, with actual expenditures of $26,178,130. Expenditures exceeded revenues by $383,046.

ATTACHMENT C ITEM 14
City of Ceres, California
Basic Financial Statements
For the year ended June 30, 2024
Management’s Discussion and Analysis, Continued
16 GOVERNMENT-WIDE FINANCIAL ANALYSIS, Continued
Capital Assets
The City’s net investment in capital assets for its governmental and business type activities as of June 30, 2024, amount to $189,812,035. This net investment in capital assets includes land, intangible asset, buildings and improvements, machinery and equipment, and infrastructure. 2024 2023 2024 2023 2024 2023
Land $ 14,753,193 $ 14,753,193 $ 3,291,818 $ 3,291,818 $ 18,045,011 $ 18,045,011 Intangible asset - 65,686,073 - 59,069,152 65,686,073 59,069,152 Buildings and improvements 23,924,720 20,305,583 2,737,760 3,007,942 26,662,480 23,313,525 Machinery and equipment 7,872,539 7,535,833 1,095,573 1,066,315 8,968,112 8,602,148 Infrastructure 35,967,373 39,339,822 34,482,986 35,271,739 70,450,359 74,611,561 Total $ 82,517,825 $ 81,934,431 $ 107,294,210 $ 101,706,966 $ 189,812,035 $ 183,641,397 Governmental Activities Business-type Activities Totals Major capital asset events during the year included: the purchase of machinery, equipment, water infrastructure, capitalization of intangible asset for water rights; and disposal of obsolete equipment.

More detail of the capital assets and current activity can be found in the notes to the financial statements on pages 53 and 54 for significant accounting policies and Note 5 on page 66 for other capital asset information.

Economic Outlook
As of late 2025, the national economy shows signs of stabilization following a period of elevated inflation and monetary tightening. Inflation has eased from peaks above 8%, though higher interest rates continue to constrain borrowing, investment, and consumer spending. National unemployment remains in the low 4% range, but economic conditions vary across regions and sectors.

Locally, the City of Ceres continues to face economic challenges. As of December 2025, Ceres reported an unemployment rate of 8.2%, compared to approximately 6.8% in Stanislaus County and 5.1% statewide. Job growth in agriculture, warehousing, and retail has been modest, and wage increases have not kept pace with inflation. At the same time, rising housing, energy, and living costs continue to limit household spending.

These conditions have contributed to moderate sales tax growth across the region. Given Ceres’ reliance on discretionary spending, its sales tax base remains vulnerable to economic fluctuations. In addition, cannabis-related revenues continue to decline. Countywide cannabis industry fee revenue has dropped by approximately 56% over the past three years, reducing a previously anticipated source of funding.

The expiration of the American Rescue Plan Act (ARPA) further limits financial flexibility, as one-time federal support is no longer available. Combined with ongoing cost pressures, the City faces a structural General Fund imbalance.

ATTACHMENT C ITEM 14
City of Ceres, California
Basic Financial Statements
For the year ended June 30, 2024
Management’s Discussion and Analysis, Continued
17 Economic Outlook
In response, Ceres is maintaining a cautious fiscal approach, including conservative revenue projections along with evaluation of service levels, expenditures, and fees. The City will continue to monitor economic conditions and adjust strategies as needed to support long-term financial stability.

Requests for Information
This Annual Financial Report is intended to provide citizens, taxpayers, investors, and creditors with a general overview of the City’s finances. If you have any questions about this report, need additional financial information, or would like to obtain component unit financial statements, contact Vanessa Portillo, Finance Director, 2220 Magnolia, Ceres, CA 95307, or visit the City’s web page at www.ci.ceres.ca.us/.

ATTACHMENT C ITEM 14
18 This page intentionally left blank.

ATTACHMENT C ITEM 14

BASIC FINANCIAL STATEMENTS
19 ATTACHMENT C ITEM 14
This page intentionally left blank.
20 ATTACHMENT C ITEM 14
City of Ceres, California
Statement of Net Position
June 30, 2024
Governmental Business-type
Activities Activities Total
ASSETS
Current assets:

Cash and investments 38,082,248 $ 64,652,840 $ 102,735,088 $ Cash and investments with trustee/fiscal agent 37 - 37
Receivables:

Accounts receivable 2,027,463 5,540,778 7,568,241
Prepaid items 16,411 - 16,411
Inventory - 1,201 1,201
Internal balances (1,647,815) 1,647,815 -
Total current assets 68,328,155 41,992,823 110,320,978
Noncurrent assets:

Advances to fiduciary activities - 531,494 531,494
Loans receivable - 6,218,330 6,218,330
Intangible assets - 65,686,073 65,686,073
Capital assets:

Nondepreciable 14,753,193 28,740,970 43,494,163
Depreciable 67,764,632 12,867,167 80,631,799
Total noncurrent assets 89,267,649 107,294,210 196,561,859 Total assets 131,260,472 175,622,365 306,882,837

DEFERRED OUTFLOWS OF RESOURCES
Pension Plan 17,627,564 2,791,810 20,419,374
Total deferred outflows of resources 17,627,564 2,791,810 20,419,374 Total assets and deferred outflows 148,888,036 178,414,175 327,302,211

LIABILITIES
Current liabilities:

Accounts payable and accrued liabilities 3,942,504 1,416,044 5,358,548 Deposits payable 2,679,923 257,410 2,937,333
Unearned revenue 138,474 609,389 747,863
Interest payable 28,994 - 28,994
Due within one year 456,000 - 456,000
Total current liabilities 2,296,922 7,231,816 9,528,738 Noncurrent liabilities:

Long-term liabilities:

Compensated absences 1,438,863 310,071 1,748,934
Due after one year 7,452,000 - 7,452,000
Liability for claims - 1,670,901 1,670,901
Net pension liability 6,238,235 39,820,152 46,058,387
Total noncurrent liabilities 14,000,306 42,929,916 56,930,222 Total liabilities 16,297,228 50,161,732 66,458,960

DEFERRED INFLOWS OF RESOURCES
Pension Plan 5,403,182 1,170,723 6,573,905
Total liabilities and deferred inflows of resources 55,564,914 17,467,951 73,032,865

NET POSITION
Net investment in capital assets 82,517,825 114,746,210 197,264,035 Restricted - 12,911,916 12,911,916
Unrestricted 46,200,014 (2,106,619) 44,093,395
Total net position 160,946,224 93,323,122 254,269,346
Total liabilities, deferred inflows, and net position $ 178,414,175 148,888,036 $ 327,302,211 $ The accompanying notes are an integral part of these basic financial statements. 21 ATTACHMENT C ITEM 14
City of Ceres, California
Statement of Activities
For the year ended June 30, 2024
Operating Capital
Charges for Grants and Grants and
Functions/Programs Expenses Services Contributions Contributions Primary government:

Governmental activities:

General government $ 223,377 7,536,402 $ 423,874 $ - $
Public safety 27,127,354 822,654 6,213,697 -
Engineering and Transportation 2,158,673 174,152 930,501 376,118 Public works 5,037,573 974,258 2,213,537 5,535,639
Community services 1,456,044 326,052 - 4,052,287
Economic development - 96,216 - -
Interest and fiscal charges 2,632 - - -
Total governmental activities 46,011,137 3,650,485 10,107,661 5,911,757 Business-type activities:

Water 13,300,319 16,873,405 14,689,919 -
Sewer 10,163,554 9,418,295 - -

STANCOG - - - -
Total business-type activities 22,718,614 27,036,959 14,689,919 - Total primary government $ 68,729,751 $ 30,687,444 $ 10,107,661 $ 20,601,676 General revenues:

Taxes:

Property taxes, levied for general purposes
Sales and use tax
Utility users tax
Other taxes
Intergovernmental:

State motor vehicle in-lieu tax (MVLF)
Use of money and property
Other general revenues
Total general revenues
Transfers
Total general revenues and transfers
Change in net position
Net position:

Beginning of year
Net position - Ending
Program Revenues
The accompanying notes are an integral part of these basic financial statements. 22 ATTACHMENT C ITEM 14
Governmental Business-Type
Activities Activities Totals
$ (6,889,151) $ (6,889,151) - $
(20,091,003) (20,091,003) -
(677,902) - (677,902)
3,685,861 3,685,861 -
(2,270,191) (2,270,191) -
(96,216) - (96,216)
(2,632) - (2,632)
(26,341,234) (26,341,234) -
18,263,005 - 18,263,005
- 745,259 745,259
- - -
19,008,264 - 19,008,264
(26,341,234) 19,008,264 (7,332,970)
4,202,546 4,202,546 -
8,311,139 8,311,139 -
1,392,511 1,392,511 -
3,071,647 3,071,647 -
4,851,666 4,851,666 -
564,919 328,319 893,238
152,088 3,000,000 3,152,088
22,546,516 3,328,319 25,874,835
(304,000) 304,000 -
22,242,516 3,632,319 25,874,835
(4,098,718) 22,640,583 18,541,865
97,421,840 138,305,641 235,727,481
$ 93,323,122 $ 160,946,224 $ 254,269,346
Net (Expense) Revenue and
Changes in Net Position
23 ATTACHMENT C ITEM 14
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24 ATTACHMENT C ITEM 14
Fund
Governmental Funds:

General
Measure H Special Revenue
Community Center Special Revenue
Home Program Grants Special Revenue Accounts for activities related to housing and the related Home Program funding.

FUND FINANCIAL STATEMENTS
Description
Primary operating fund of the City; accounts for all activities except those legally or administratively required to be accounted for in other funds.

MAJOR FUNDS
Voter approved ½-cent retail transaction and use tax (sales tax) for the improvement of police, fire and 9-1-1 emergency response; to fund additional personnel and equipment costs.

To account for operational revenues and expenses of Ceres Community Center.
25 ATTACHMENT C ITEM 14
City of Ceres, California
Balance Sheet
Governmental Funds
June 30, 2024
Community Home
General Measure H Center Program Grants
Fund Special Revenue Special Revenue Special Revenue
ASSETS
Cash and investments $ - 5,248,183 $ - $ 1,117,419 $
Receivables:

Taxes - 875,174 - -
Intergovernmental - - - -
Loans receivable - - - 5,431,530
Other receivable 3,424,703 - - -
Due from other funds 5,331,901 - - -
Advances to Former Redevelopment Agencies Private
Purpose Trust 531,494 -
Prepaid items 16,411 - - -
Inventory 1,201 - - -
Total assets $ 875,174 14,553,893 $ - $ 6,548,949 $

LIABILITIES, DEFERRED INFLOWS AND FUND BALANCES
Liabilities:

Accounts payable and accrued liabilities $ 2,171,205 $ 220,406 $ 3,639 $ - Deposits payable 2,591,502 88,421 -
Due to other funds - 413,401 2,176,848 -
Unearned revenue 609,389 - - -
Advances from other funds 1,647,815 - - -
Total liabilities 7,019,911 633,807 2,268,908 -
Deferred inflows: Unavailable revenue - - 5,431,531 -
Total liabilities and deferred inflows 7,019,911 633,807 2,268,908 5,431,531 Fund balances:

Nonspendable:

Prepaid items 16,411 - - -
Restricted reported in:

Special revenue funds 241,367 - 1,117,418 -
Committed - - - -
Assigned reported in:

Special revenue funds - - - -
Unassigned (deficit), reported in:

General fund - 7,517,571 - -
Special revenue funds - (2,268,908) - -
Total fund balances 7,533,982 241,367 (2,268,908) 1,117,418 Total liabilities and fund balances $ 14,553,893 $ 875,174 $ 6,548,949 - $ Major Funds
The accompanying notes are an integral part of these basic financial statements. 26 ATTACHMENT C ITEM 14
Nonmajor
Governmental
Funds Totals
$ 25,509,010 $ 31,874,612
867,213 1,742,387
231,610 231,610
786,800 6,218,330
4,708 3,429,411
5,331,901 -
531,494 -
- 16,411
1,201
$ 27,399,341 $ 49,377,357
$ 1,343,531 $ 3,738,781
2,679,923 -
2,741,417 5,331,666
609,389 -
1,647,815 -
4,084,948 14,007,574
786,800 6,218,331
4,871,748 20,225,905
- 16,411
11,553,131 12,911,916
13,712 13,712
13,847,845 13,847,845
7,517,571 -
(2,887,095) (5,156,003)
22,527,593 29,151,452
$ 27,399,341 $ 49,377,357
27 ATTACHMENT C ITEM 14
City of Ceres, California
Reconciliation of the Governmental Funds Balance Sheet
to the Statement of Net Position
June 30, 2024
Total fund balances - total governmental funds $ 29,151,452 Capital assets used in governmental activities are not current financial resources and, therefore, are not reported in the governmental funds balance sheet. 77,422,297
Compensated absences (1,333,179)
Net pension obligation (39,820,152) (41,153,331)
6,218,331
Pension obligatons result in deferred outflows and inflows of resources associated with actuarial value of contributions, assets, and liabilities Deferred outflows 17,627,564
Deferred inflows (5,403,182) 12,224,382
Current assets 6,345,006
Noncurrent assets 5,095,528
Accounts payable and accrued liabilities (203,958)
Long-term liabilities (1,776,585) 9,459,991
Net position of governmental activities $ 93,323,122
The accompanying notes are an integral part of these basic financial statements.

Amounts reported for governmental activities in the Statement of Net Position are different because:

Long-term liabilities are not due and payable in the current period and, therefore, are not reported in the governmental funds balance sheet.

Governmental funds notes receivable from various loan programs are deferred under the current financial resources measurement focus. The notes receivable are recognized in the government-wide Statement of Net Position under the accrual basis of accounting.

Internal services funds are used by management to charge the costs of certain activities, such as insurance, to individual funds. The assets and liabilities of the internal service funds are:
28 ATTACHMENT C ITEM 14
City of Ceres, California
Reconciliation of Fund Basis Balance Sheet to Government-wide Statement of Net Position Governmental Activities
June 30, 2024
Governmental Internal
Funds Service Changes Statement of
Balance Sheet Reclassifications Funds in GAAP Net Position ASSETS
Current assets:

Cash and investments $ 31,874,612 $ 6,207,636 - $ $ 38,082,248 - $ Receivables:

Taxes 1,742,387 - - 1,742,387 -
Intergovernmental 231,610 - - - 231,610
Loans receivable 6,218,330 (6,218,330) - - -
Other receivable 3,429,411 137,370 - 3,566,781 -
Due from other funds 5,331,901 (5,331,901) - - -
Advances to Former Redevelopment Agencies Private
Purpose Trust 531,494 (531,494)
Prepaid items 16,411 - - - 16,411
Inventory 1,201 - - - 1,201
Internal balances (1,647,815) - - (1,647,815) -
Total current assets 49,377,357 (13,729,540) 6,345,006 41,992,823 - Noncurrent assets:

Advances to(from) fiduciary activities - 531,494 - - 531,494 Loans/Notes receivable 6,218,330 - - 6,218,330 -
Capital assets, net - 5,095,528 - 77,422,297 82,517,825 Total noncurrent assets 6,749,824 - 5,095,528 77,422,297 89,267,649

DEFERRED OUTFLOWS OF RESOURCES
Deferred outflows: Pension Plan - - - 17,627,564 17,627,564 Total assets and deferred outflows of resources $ 49,377,357 $ (6,979,716) $ 11,440,534 $ 95,049,861 $ 148,888,036

LIABILITIES
Current liabilities:

Accounts payable and accrued liabilities $ 3,738,781 $ 203,723 - $ $ 3,942,504 - $ Deposits payable - 2,679,923 - - 2,679,923
Due to other funds 5,331,666 (5,331,901) 235 - -
Advances from other funds 1,647,815 (1,647,815) - - -
Unavailable revenue 609,389 - - - 609,389
Total current liabilities (6,979,716) 14,007,574 203,958 - 7,231,816 Noncurrent liabilities:

Long-term debt:

Compensated absences - - 105,684 1,333,179 1,438,863
Liability for claims - - 1,670,901 - 1,670,901
Net pension obligation - - - 39,820,152 39,820,152
Total noncurrent liabilities - - 1,776,585 41,153,331 42,929,916 Total liabilities (6,979,716) 14,007,574 1,980,543 41,153,331 50,161,732 Deferred inflows: Grants 6,218,331 - - (6,218,331) -
Deferred inflows: Pension plan - - - 5,403,182 5,403,182 Total liabilities and deferred inflows (6,979,716) 20,225,905 1,980,543 40,338,182 55,564,914

FUND BALANCES/NET POSITION
Fund balances:

Nonspendable 16,411 (16,411) - - -
Restricted 12,911,916 (12,911,916) - - -
Committed 13,712 (13,712) - - -
Assigned 13,847,845 (13,847,845) - - -
Unassigned 2,361,568 (2,361,568) - - -
Net position:

Net investment in capital assets - - 5,095,528 77,422,297 82,517,825 Restricted - - - 12,911,916 12,911,916
Debt service - - - - -
Unrestricted - 29,151,452 4,364,463 (35,622,534) (2,106,619) Total fund balances/ net position - 29,151,452 9,459,991 54,711,679 93,323,122 Total liabilities, deferred inflows, and net position $ (6,979,716) 49,377,357 $ 11,440,534 $ 95,049,861 $ 148,888,036 $ The accompanying notes are an integral part of these basic financial statements. 29 ATTACHMENT C ITEM 14
City of Ceres, California
Statement of Revenues, Expenditures, and Changes in Fund Balances Governmental Funds
For the year ended June 30, 2024
Community Home
General Measure H Center Program Grants
Fund Special Revenue Special Revenue Special Revenue
REVENUES:

Property and other taxes $ 21,746,249 $ 4,712,676 $ - $ - Licenses and permits 403,184 - - -
Fines, forfeitures and penalties 95,846 - - -
Charges for services 1,403,623 - - -
Intergovernmental - 1,796,106 - -
Use of money and property 137 203,425 273,643 -
Other revenues 146,651 980 4,387 -
Total revenues 25,795,084 4,713,793 278,030 -
EXPENDITURES:

Current:

General government - 2,886,462 - -
Public safety 5,652,109 20,131,151 - -
Engineering and Transportation 93,635 - - -
Public works 458,026 - - -
Community services - 2,606,356 404,461 -
Economic development 2,500 - -
Capital outlay - - -
Debt service:

Principal - - - -
Interest and fiscal charges - - - -
Total expenditures 26,178,130 5,652,109 404,461 -

REVENUES OVER (UNDER)
EXPENDITURES (383,046) (938,316) (126,431) -
OTHER FINANCING SOURCES (USES):

Proceeds from sales of assets 554 - - -
Transfers in 910,360 - - -
Transfers out (363,127) (152,000) - -
Total other financing sources (uses) 547,787 (152,000) - - Net change in fund balances 164,741 (1,090,316) (126,431) - FUND BALANCES:

Beginning of year 1,331,683 7,369,241 (2,142,477) 1,117,418 End of year $ 241,367 7,533,982 $ (2,268,908) $ 1,117,418 $ The accompanying notes are an integral part of these basic financial statements.

Major Funds
30 ATTACHMENT C ITEM 14
Other
Governmental
Funds Totals
$ 1,264,082 $ 27,723,007
- 403,184
54,472 150,318
412,660 1,816,283
9,603,789 11,399,895
87,714 564,919
6,795 158,813
11,429,512 42,216,419
207,393 3,093,855
939,174 26,722,434
2,065,038 2,158,673
2,235,688 2,693,714
1,006,276 4,017,093
22,249 24,749
5,920,785 5,920,785
116,347 116,347
2,632 2,632
12,515,582 44,750,282
(1,086,070) (2,533,863)
224 778
54,645 965,005
(753,878) (1,269,005)
(699,009) (303,222)
(1,785,079) (2,837,085)
24,312,672 31,988,537
$ 22,527,593 $ 29,151,452
31 ATTACHMENT C ITEM 14
City of Ceres, California
Reconciliation of Fund Basis Statements to Government-wide Statement of Activities For the year ended June 30, 2024
Capital
Debt/ Asset Internal GovernmentFund Based Compensated Deferred (Additions)/ Pension Service wide Functions/Programs Totals Absences Revenue Depreciation Retirements Plan Funds Totals Governmental activities:

General government 3,093,855 $ (19,538) $ 9,204$ $ 1,922,585 $ 2,530,296 - $ 7,536,402 Public safety 26,722,434 - - 404,920 - - 27,127,354 -
Engineering and Transportation 2,158,673 - - - - - 2,158,673 - Public works 2,693,714 - - 4,011,679 (1,109,232) (558,588) - 5,037,573 Community services 4,017,093 - - 35,194 - - 4,052,287 - Economic development 24,749 - - 71,467 - - - 96,216
Capital outlay 5,920,785 - - (5,920,785) - - - -
Debt service/Interest 118,979 (116,347) - - - - - 2,632 Total governmental activities $ 44,750,282 $ (135,885) 9,204$ $ 6,445,845 $ (7,030,017) $ 2,530,296 $ (558,588) $ 46,011,137 The accompanying notes are an integral part of these basic financial statements. 32 ATTACHMENT C ITEM 14
City of Ceres, California
Reconciliation of the Statement of Revenues, Expenditures, and Changes in Fund Balances of Governmental Funds to the Statement of Activities For the year ended June 30, 2024
Net change in fund balances - total governmental funds $ (2,837,085) Capital asset purchases capitalized $ 7,030,017
Proceeds from sale of capital assets (778)
Depreciation expense (6,445,845) 583,394
116,347
Change in compensated absences 19,538
Pension expense (2,510,758) (2,530,296)
Deferred inflows (9,204)
558,588
Change in net position of governmental activities $ (4,098,718) Some expenses reported in the Statement of Activities do not require the use of current financial resources and, therefore, are not reported as expenditures in governmental funds:

The accompanying notes are an integral part of these basic financial statements.

Amounts reported for governmental activities in the Statement of Activities are different because:

Governmental funds report capital outlays as expenditures while governmental activities report depreciation expense to allocate those expenditures over the life of the assets:

Deferred Inflows related to the notes receivables in the governmental fund are reversed to reduce the expenditures of loan payments in the Government-Wide Financial Statements.

Internal services funds are used by management to charge the costs of certain activities, such as risk management, to individual funds. The change in net position of the Internal Service Funds is included in the governmental activities in the government-wide Statement of Net Position less amounts due to changes in capital assets reported above for capital assets.

Repayment and issuance of debt is an expenditure and other financing source in the governmental funds, but the repayment reduces and the issuance increases long-term liabilities in the Statement of Net Position.
33 ATTACHMENT C ITEM 14
City of Ceres, California
Statement of Revenues, Expenditures, and Changes in Fund Balances - Budget to Actual - General Fund and Major Special Revenue Funds For the year ended June 30, 2024
Variance w/Final
Positive
Original Final Actual (Negative)
REVENUES:

Property and other taxes $ 22,214,576 $ 22,214,576 $ 21,746,249 $ (468,327) Licenses and permits 615,786 615,786 403,184 (212,602)
Fines, forfeitures and penalties 240,000 240,000 95,846 (144,154) Charges for services 2,046,800 2,046,800 1,403,623 (643,177) Intergovernmental 1,388,500 1,395,982 1,796,106 400,124 Use of money and property 129,000 129,000 203,425 74,425 Other revenues 26,200 26,200 146,651 120,451
Total revenues 26,660,862 26,668,344 25,795,084 (873,260) EXPENDITURES:

Current:

General government 3,047,970 3,114,944 2,886,462 228,482 Public safety 20,690,094 20,672,802 20,131,151 541,651
Engineering and Transportation 127,952 128,224 93,635 34,589 Public works 494,335 540,365 458,026 82,339
Community services 2,872,954 2,943,533 2,606,356 337,177 Economic development 2,500 2,500 - -
Capital outlay - - - -
Debt service:

Principal - - - -
Interest and fiscal charges - - - -
Total expenditures 27,233,305 27,402,368 26,178,130 1,224,238

REVENUES OVER (UNDER)
EXPENDITURES (734,024) (572,443) (383,046) 350,978
OTHER FINANCING SOURCES (USES):

Proceeds from sales of assets 1,000 1,000 554 (446)
Transfers in 870,951 870,951 910,360 39,409
Transfers out (366,228) (366,228) (363,127) 3,101
Total other financing sources (uses) 505,723 505,723 547,787 42,064 Net change in fund balances (66,720) (228,301) 164,741 393,042 FUND BALANCES:

Beginning of year 7,369,241 7,369,241 - 7,369,241
End of year $ 7,140,940 7,302,521 $ 7,533,982 $ 393,042 $ The accompanying notes are an integral part of these basic financial statements.

General Fund
Budgeted Amounts
34 ATTACHMENT C ITEM 14
Variance w/Final
Positive
Original Final Actual (Negative)
$ 4,952,917 $ 4,952,917 $ 4,712,676 $ (240,241)
- - - -
- - - -
- - - -
- - - -
4,300 4,300 137 (4,163)
- - 980 980
4,957,217 4,957,217 4,713,793 (243,424)
- - - -
6,721,668 6,722,663 5,652,109 1,070,554
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
6,721,668 6,722,663 5,652,109 1,070,554
(1,764,451) (1,765,446) (938,316) 827,130
- - - -
- - - -
(152,000) (152,000) (152,000) -
(152,000) (152,000) (152,000) -
(1,916,451) (1,917,446) (1,090,316) 827,130
1,331,683 1,331,683 1,331,683 -
$ (584,768) $ (585,763) $ 241,367 $ 827,130
Measure H
Budgeted Amounts
(continued)
35 ATTACHMENT C ITEM 14
City of Ceres, California
Statement of Revenues, Expenditures, and Changes in Fund Balances - Budget to Actual - General Fund and Major Special Revenue Funds, Continued For the year ended June 30, 2024
Variance w/Final
Positive
Original Final Actual (Negative)
REVENUES:

Property and other taxes -$ -$ -$ $ -
Licenses and permits - - - -
Fines, forfeitures and penalties - - - -
Charges for services - - - -
Intergovernmental - - -
Use of money and property 175,000 175,000 273,643 98,643 Other revenues - - 4,387 4,387
Total revenues 175,000 175,000 278,030 103,030
EXPENDITURES:

Current:

General government - - - -
Public safety - - - -
Engineering and Transportation - - - -
Public works - - - -
Community services 459,106 459,106 404,461 54,645
Economic development - - - -
Capital outlay - - - -
Total expenditures 459,106 459,106 404,461 54,645

REVENUES OVER (UNDER)
EXPENDITURES (284,106) (284,106) (126,431) 157,675
OTHER FINANCING SOURCES (USES):

Transfers in - - - -
Transfers out - - - -
Total other financing sources (uses) - - - -
Net change in fund balances (284,106) (284,106) (126,431) 157,675 FUND BALANCES (DEFICIT):

Beginning of year (2,142,477) (2,142,477) (2,142,477) - End of year $ (2,426,583) (2,426,583) $ (2,268,908) $ 157,675 $ Budgeted Amounts
Community Center
The accompanying notes are an integral part of these basic financial statements. 36 ATTACHMENT C ITEM 14
Variance w/Final
Positive
Original Final Actual (Negative)
-$ -$ -$ $ -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
109,640 109,640 - 109,640
- - - -
109,640 109,640 - 109,640
(109,640) (109,640) - 109,640
- - - -
- - - -
- - - -
(109,640) (109,640) - 109,640
1,117,418 1,117,418 1,117,418 -
$ 1,007,778 1,007,778$ 1,117,418$ $ 109,640
(concluded)
Home Program Grants Special Revenue Fund
Budgeted Amounts
37 ATTACHMENT C ITEM 14
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38 ATTACHMENT C ITEM 14
Fund
Major Funds:

Water
Sewer

STANCOG

PROPRIETARY FUNDS
Accounts for the operation of the City's water utility. It is a selfsupporting activity that provides services on a user-charge basis to residents and businesses located in the City.

Accounts for the operation of the City's sewer utility. It is a selfsupporting activity that provides services on a user-charge basis to residents and businesses located in the City.

Accounts for local transportation funds restricted to transit, street, pedestrian, and bike purposes funded through passenger fares.

Description
39 ATTACHMENT C ITEM 14
City of Ceres, California
Statement of Net Position
Proprietary Funds
June 30, 2024
Governmental
Activities -
Internal
Service Funds
Water Sewer STANCOG Totals Totals
Current assets:

Cash and investments 39,739,669 $ 24,356,248 $ 556,923 $ 64,652,840 $ 6,207,636 $ Cash and investments with trustee/fiscal agent - 37 - 37 - Accounts receivable (net of uncollectible) 927,854 1,099,609 - 2,027,463 137,370 Total current assets 40,839,315 25,284,102 556,923 66,680,340 6,345,006 Non-current assets:

Intangible assets 65,686,073 - 65,686,073 - -
Property, plant and equipment 45,042,135 30,352,040 75,394,175 - 11,537,419 Less accumulated depreciation (16,596,440) (17,189,598) (33,786,038) - (6,441,891) Property, plant, and equipment, net 13,162,442 94,131,768 - 107,294,210 5,095,528 Other assets:

Advances to other funds - 1,647,815 - 1,647,815 -
Total non-current assets 94,131,768 14,810,257 108,942,025 - 5,095,528 Total assets 134,971,083 40,094,359 556,923 175,622,365 11,440,534 Deferred outflows: Pension Plan 1,422,477 1,353,541 15,792 2,791,810 - Total assets and deferred outflows $ 136,393,560 $ 41,447,900 $ 572,715 $ 178,414,175 $ 11,440,534

LIABILITIES AND NET POSITION
Current liabilities:

Accounts payable and accrued liabilities $ 630,410 $ 785,634 $ 1,416,044 - $ $ 203,723 Deposits payable 257,410 - - 257,410 -
Unearned revenue 138,474 - - 138,474 -
Interest payable 12,412 16,582 28,994 -
Due to other funds - - - - 235
Current portion of long-term debt 167,000 289,000 - 456,000 - Total current liabilities 1,205,706 1,091,216 2,296,922 - 203,958 Long-term liabilities:

Compensated absences 164,134 145,937 - 310,071 105,684
Due after one year 2,726,000 4,726,000 7,452,000 - -
Liability for claims - - - 1,670,901 -
Net pension liability 3,083,702 3,098,752 55,781 6,238,235 - Total long-term liabilities 5,973,836 7,970,689 55,781 14,000,306 1,776,585 Total liabilities 7,179,542 9,061,905 55,781 16,297,228 1,980,543 Deferred inflows: Pension Plan 538,183 616,809 15,731 1,170,723 - Total liabilities and deferred inflows 7,717,725 9,678,714 71,512 17,467,951 1,980,543 Net Position:

Net investment in capital assets 17,888,442 96,857,768 - 114,746,210 5,095,528 Unrestricted 31,818,067 13,880,744 501,203 46,200,014 4,364,463 Total net position 31,769,186 128,675,835 501,203 160,946,224 9,459,991 Total liabilities, deferred inflows, and net
position $ 136,393,560 $ 41,447,900 $ 572,715 $ 178,414,175 $ 11,440,534 Business-type Activities - Enterprise Funds
The accompanying notes are an integral part of these basic financial statements. 40 ATTACHMENT C ITEM 14
City of Ceres, California
Statement of Revenues, Expenses, and Changes in Fund Net Position Proprietary Funds
For the year ended June 30, 2024
Governmental
Activities -
Internal
Service Funds
Water Sewer STANCOG Totals Totals
OPERATING REVENUES:

Charges for services 16,646,348 $ 10,114,872 $ - $ 26,761,220 $ - $ Interdepartmental charges - - - 8,189,632
Other operating 227,057 48,682 - 275,739 6,484
Total operating revenues 10,163,554 16,873,405 - 27,036,959 8,196,116 OPERATING EXPENSES:

Salaries and benefits 3,119,123 2,966,866 - 6,085,989 1,978,072 Contractual and other services 5,477,073 438,316 - 5,915,389 920,914 Materials and supplies 1,817,954 563,609 - 2,381,563 737,693 Depreciation and amortization 1,357,475 921,015 - 2,278,490 825,044 Other operating costs 1,428,763 4,355,310 - 5,784,073 2,942,383 Total operating expenses 9,245,116 13,200,388 - 22,445,504 7,404,106 OPERATING INCOME (LOSS) 918,438 3,673,017 - 4,591,455 792,010 NONOPERATING REVENUES (EXPENSES):

Investment income 201,776 123,716 2,827 328,319 9,576
Gain (Loss) on sale of assets - - - - 50,424
Settlement revenue 3,000,000 - - 3,000,000 -
Interest and debt service expenses (99,931) (173,179) - (273,110) - Capital contributions 14,535,517 154,402 - 14,689,919 - Total non-operating revenues 104,939 17,637,362 2,827 17,745,128 60,000

NET INCOME (LOSS) BEFORE
TRANSFERS 1,023,377 21,310,379 2,827 22,336,583 852,010 Transfers in - 304,000 - 304,000 -
Transfers out - - - - -
Total Transfers - 304,000 - 304,000 -
CHANGE IN NET POSITION 1,327,377 21,310,379 2,827 22,640,583 852,010 NET POSITION:

Beginning of year 107,365,456 30,441,809 498,376 138,305,641 8,607,981 End of year $ 31,769,186 128,675,835 $ 501,203 $ 160,946,224 $ 9,459,991 $ Business-type Activities - Enterprise Funds
The accompanying notes are an integral part of these basic financial statements. 41 ATTACHMENT C ITEM 14
City of Ceres, California .

Statement of Cash Flows
Proprietary Funds
For the year ended June 30, 2024
Governmental
Activities -
Internal
Service Funds
Water Sewer STANCOG Totals Totals
CASH FLOWS FROM OPERATING ACTIVITIES:

Cash received from interfund services provided - $ - $ - $ - $ 8,235,049 $ Cash receipts from customers 16,529,261 9,913,169 - 26,442,430 - Cash payments to suppliers for goods and services (20,099,814) (5,092,085) - (25,191,899) (1,839,416) Cash payments to employees for services (2,899,791) (2,770,876) - (5,670,667) (1,982,189) Cash receipts (payments) for loss claims - - - - (2,755,969) Net cash used by operating activities 2,050,208 (6,470,344) - (4,420,136) 1,657,475

CASH FLOWS FROM NONCAPITAL FINANCING
ACTIVITIES:

Other income received 3,000,000 - - 3,000,000 -
Transfers received (paid) - 551,151 - 551,151 -
Net cash provided by noncapital financing
activities 551,151 3,000,000 - 3,551,151 -

CASH FLOWS FROM CAPITAL AND RELATED
FINANCING ACTIVITIES:
(Acquisition) Disposal and construction of capital assets (2,008,200) (368,802) (2,377,002) (1,118,466) Proceeds from sale of capital assets - - - - 50,424
Capital contributions 14,535,517 154,402 - 14,689,919 - Payments on long-term debt (163,000) (281,000) - (444,000) - Interest paid on capital debt (99,931) (173,179) - (273,110) - Net cash (used) by capital and related financing
activities (668,579) 12,264,386 - 11,595,807 (1,068,042) CASH FLOWS FROM INVESTING ACTIVITIES:

Investment income received 228,781 143,310 3,324 375,415 9,576 Net cash provided by investing activities 228,781 143,310 3,324 375,415 9,576 Net increase (decrease) in cash and cash
equivalents 9,022,823 2,076,090 3,324 11,102,237 599,009 CASH AND CASH EQUIVALENTS:

Beginning of year 30,716,883 22,280,158 553,599 53,550,640 5,608,627 End of year $ 39,739,706 $ 24,356,248 $ 556,923 $ 64,652,877 $ 6,207,636 Presentation in Statement of Net Position:

Cash and investments $ 39,739,669 $ 24,356,248 $ 556,923 $ 64,652,840 $ 6,207,636 Cash and investments with trustee/fiscal agent 37 - - 37 - Total cash and investments $ 39,739,706 $ 24,356,248 $ 556,923 $ 64,652,877 $ 6,207,636 Reconciliation of income (loss) from operations to
net cash used by operating activities:

Operating income (loss) $ 3,673,017 $ 918,438 $ 4,591,455 - $ $ 792,010 Adjustments to reconcile operating income (loss)
to net cash used in operating activities:

Depreciation and amortization 1,357,475 921,015 2,278,490 - 825,044 Pension expense 215,932 205,497 - 421,429
(Increase) decrease in current assets:

Accounts receivable (363,488) (250,385) (613,873) - 44,953 Prepaid items - -
Increase (decrease) in liabilities:

Accounts payable and accrued liabilities (11,376,024) 265,150 (11,110,874) - (114,045) Deposits payable (14,910) - - (14,910) -
Unearned revenue 34,254 - - 34,254 -
Compensated absences 3,400 (9,507) - (6,107) (4,117)
Increase (decrease) in claims liability - - - - 113,630 Net cash used by operating activities $ (6,470,344) $ 2,050,208 $ (4,420,136) - $ $ 1,657,475 Business-type Activities - Enterprise Funds
There were no noncash investing, capital, or financing activities affecting recognized assets and liabilities for the year ended June 30, 2024.

The accompanying notes are an integral part of these basic financial statements. 42 ATTACHMENT C ITEM 14
City of Ceres, California
Statement of Fiduciary Net Position
Fiduciary Funds
June 30, 2024
Successor
Agencies Westpointe
Private Assessment
Purpose District
Trust Debt Service
Funds Custodial Fund
ASSETS
Current assets:

Cash and investments $ 298,099 5,540,650 $
Cash and investments with trustee/fiscal agent - 2,061,500 Total current assets 7,923,536 298,099
Non-Current assets:

Long-term loans receivable 1,614,371 -
Construction in progress 12,500,147 -
Total non-current assets 14,114,518 -
Deferred outflows: Pension plan - 160,938
Total assets and deferred outflows $ 22,198,992 $ 298,099

LIABILITIES AND NET POSITION
Current liabilities:

Accounts payable and accrued liabilities $ - $ -
Interest payable 8,591 -
Compensated absences - current - 19,075
Current portion of long term debt 1,829,687 -
Total current liabilities 1,960,157 -
Long-term liabilities:

Advances from other government agencies - 266,702
Advances from Governmental Activities 531,494 -
Due after one year - 23,920,204
Net pension obligation 330,062 -
Total long-term liabilities 25,048,462 -
Total liabilities 27,008,619 -
Deferred inflows: Pension plan - 58,092
Total liabilities and deferred inflows 27,066,711 -
Net Position (Deficit):

Restricted for:

Redevelopment Dissolution - (4,867,719)
Individuals, organizations, and other governments - 298,099 Total liabilities, deferred inflows, and net position $ 22,198,992 $ 298,099 The accompanying notes are an integral part of these basic financial statements. 43 ATTACHMENT C ITEM 14
City of Ceres, California
Statement of Changes in Fiduciary Net Position
Fiduciary Funds
For the year ended June 30, 2024
Successor
Agencies Westpointe
Private Assessment
Purpose District
Trust Debt Service
Funds Custodial Fund
ADDITIONS:

Property taxes 2,741,435 $ - $
Investment earnings 1,546 6,428
Other revenue 127,094 -
Total additions 2,874,957 1,546
DEDUCTIONS:

General and administrative 84,071 -
Salaries and benefits 315,890 -
Contractual and other services 33,678 -
Materials and supplies 16 -
Interest and debt service expenses 683,447 -
Total deductions 1,117,102 -
CHANGE IN FIDUCIARY NET ASSETS 1,757,855 1,546
NET POSITION (DEFICIT):

Beginning of year 296,553 (6,625,574)
End of year $ (4,867,719) $ 298,099
The accompanying notes are an integral part of these basic financial statements. 44 ATTACHMENT C ITEM 14
45 NOTES TO BASIC FINANCIAL STATEMENTS
ATTACHMENT C ITEM 14
City of Ceres, California
Basic Financial Statements
For the year ended June 30, 2024
Index to Notes to Basic Financial Statements
46 Page
Note 1 – Summary of Significant Accounting Policies ................................................................... 47 Financial Reporting Entity ............................................................................................................. 47 Basis of Accounting and Measurement Focus ............................................................................... 48 Assets, Liabilities, and Equity ....................................................................................................... 52 Revenues, Expenditures, and Expenses ......................................................................................... 58 Budgetary Accounting ................................................................................................................... 59 Note 2 – Cash and Investments ......................................................................................................... 61 Note 3 – Accounts Receivable ........................................................................................................... 64 Note 4 – Loans and Notes Receivable .............................................................................................. 64 Note 5 – Capital Assets ...................................................................................................................... 66 Note 6 – Accounts Payable and Accrued Liabilities ....................................................................... 68 Note 7 – Special Assessment Districts .............................................................................................. 68 Note 8 – Long-term Liabilities .......................................................................................................... 69 Note 9 – Net Position/ Fund Balances .............................................................................................. 71 Note 10 – Interfund Transactions .................................................................................................... 74 Note 11 – Risk Management ............................................................................................................. 77 Note 12 – Pension Plan ...................................................................................................................... 78 Note 13 – Abandoned Vehicle Abatement Program ....................................................................... 84 Note 14 – Successor Agency Trust for Assets of Former Redevelopment Agency ...................... 85 Note 15 – Commitments and Contingencies .................................................................................... 91 Note 16 – New Accounting Pronouncements ................................................................................... 92 ATTACHMENT C ITEM 14
City of Ceres, California
Notes to Basic Financial Statements
For the year ended June 30, 2024
47 1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
The basic financial statements of the City of Ceres, California (City) have been prepared in conformity with generally accepted accounting principles (GAAP) as applied to governmental agencies. The Governmental Accounting Standards Boards (GASB) is the accepted standard setting body for establishing governmental accounting and financial reporting principles. The more significant of the City’s accounting policies are described below.

A. Financial Reporting Entity
The City of Ceres (City) was incorporated on February 25, 1918, under the laws and regulations of the State of California (State). The City operates under a City Council/Manager form of government and provides the following services: public safety (Police and Fire), highways and streets, water service, sewer service, solid waste, storm water utility, public improvements, planning and zoning, and general administration.

The financial statements of the City have been prepared in accordance with accounting principles generally accepted in the United States of America (GAAP) as applied to governmental units. The Governmental Accounting Standards Board (GASB) is the standard-setting body for governmental accounting and financial reporting. On June 15, 1987, GASB issued a codification of the existing Governmental Accounting and Financial Reporting Standards which, along with subsequent GASB pronouncements (Statements and Interpretations), constitutes GAAP for governmental units. The City applies all GASB pronouncements to its activities.

In addition, the City applies all Financial Accounting Standards Board (FASB) Statements and Interpretations, Accounting Principles Board (APB) Opinions, and Accounting Research Bulletins (ARB) issued after November 30, 1989, unless they conflict with or contradict GASB pronouncements.

The more significant of these accounting policies are described below and, where appropriate, subsequent pronouncements will be referenced.

The City was incorporated under the General Laws of the State of California and enjoys all the rights and privileges pertaining to such “General Law” cities. The City uses the City Council/Manager form of government. The financial reporting entity consists of: (a) the primary government, the City; (b) organizations for which the primary government is financially accountable; and (c) other organizations for which the primary government is not accountable, but for which the nature and significance of their relationship with the primary government are such that exclusion would cause the reporting entity’s financial statements to be misleading or incomplete.

Component units are legally separate organizations for which the elected officials of the primary government are financially accountable. In addition, component units can be other organizations for which the primary government’s exclusion would cause the reporting entity’s financial statements to be misleading or incomplete.

ATTACHMENT C ITEM 14
City of Ceres, California
Notes to Basic Financial Statements, Continued
For the year ended June 30, 2024
48 1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES, Continued A. Financial Reporting Entity, Continued
The City is the primary government unit. Component units are those entities which are financially accountable to the primary government, either because the City appoints a voting majority of the component unit’s board, or because the component unit will provide a financial benefit or impose a financial burden on the City. The City currently has no blended or discretely reported component units.

B. Basis of Accounting and Measurement Focus
The accounts of the City are organized on the basis of funds, each of which is considered a separate accounting entity. The operations of each fund are accounted for with a separate set of self-balancing accounts that comprise its assets, liabilities, fund equity, revenues, and expenditures or expenses as appropriate. Government resources are allocated to and accounted for in individual funds based upon the purpose for which they are to be spent and the means by which spending activities are controlled.

Government–Wide Financial Statements
The government–wide financial statements include a Statement of Net Position and a Statement of Activities and Changes in Net Position. These statements present summaries of governmental and business-type activities for the City, the primary government, accompanied by a total column. Fiduciary activities of the City are not included in these statements.

These government-wide financial statements are presented on an “economic resources” measurement focus and the accrual basis of accounting. Accordingly, all of the City’s assets and liabilities, including capital assets and related infrastructure assets and long-term liabilities, are included in the accompanying Statement of Net Position. The Statement of Activities presents changes in net position.

Under the accrual basis of accounting, revenues are recognized in the period in which they are earned while expenses are recognized in the period in which the liability is incurred.

Certain types of transactions are reported as program revenues for the City in three categories:
• Charges for services
• Operating grants and contributions
• Capital grants and contributions
Certain eliminations have been made as prescribed by GASB Statement No. 34 in regard to interfund activities, payables, and receivables. All internal balances in the Statement of Net Position have been eliminated except those representing balances between the governmental activities and the business-type activities, which are presented as internal balances and eliminated in the total primary government column. Transactions between governmental and business-type activities have not been eliminated. The following interfund activities have been eliminated:

ATTACHMENT C ITEM 14
City of Ceres, California
Notes to Basic Financial Statements, Continued
For the year ended June 30, 2024
49 1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES, Continued Government–Wide Financial Statements, Continued
• Due to/from other funds
• Advances to/from other funds
• Transfers in/out
The City applies all applicable GASB pronouncements (including all National Council on Governmental Accounting (NCGA) Statements and Interpretations currently in effect) as well as the following pronouncements issued on or before November 30, 1989, to the business-type activities, unless those pronouncements conflict with or contradict GASB pronouncements: Financial Accounting Standards Board (FASB) Statements and Interpretations, Accounting Principles Board (APB) Opinions, and Accounting Research Bulletins (ARB) of the committee on Accounting Procedure. The City applies all applicable FASB Statements and Interpretations issued after November 30, 1989, to proprietary funds, except those that conflict with or contradict GASB pronouncements.

Governmental Fund Financial Statements
Governmental fund financial statements include a Balance Sheet and a Statement of Revenues, Expenditures, and Changes in Fund Balances for all major governmental funds and non-major funds aggregated. An accompanying schedule is presented to reconcile and explain the differences in net position as presented in these statements to the net position presented in the government-wide financial statements. The City has presented all major funds that met the applicable criteria. The following were the City’s major governmental funds:
• The General Fund - Accounts for all general revenues of the city not specifically levied or collected for other City funds and the related expenditures. The General Fund accounts for all financial resources of a governmental unit which are not accounted for in other funds.
• Measure H Special Revenue Fund – This fund is used to account for a voter approved ½- cent retail transaction and use tax (sales tax) for the improvement of police, fire and 9-1-1 emergency response; to fund additional personnel and equipment costs. • Community Center Special Revenue Fund – This fund is used to account for operational revenues and expenses of Ceres Community Center.
• HOME Program Grants Special Revenue Fund - This fund is used to account for Federal funds used for housing assistance payments to low-income, elderly, disabled, and handicapped people qualifying for the programs, as well as rehabilitation for rental property.

ATTACHMENT C ITEM 14
City of Ceres, California
Notes to Basic Financial Statements, Continued
For the year ended June 30, 2024
50 1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES, Continued B. Basis of Accounting and Measurement Focus, Continued All governmental funds are accounted for on a spending or “current financial resources” measurement focus and the modified accrual basis of accounting. Accordingly, only current assets and current liabilities are included on the Balance Sheet. The Statement of Revenues, Expenditures, and Changes in Fund Balances present increases (revenue and other financing sources) and decreases (expenditures and other financing uses) in net current assets. Under the modified accrual basis of accounting, revenues are recognized in the accounting period in which they become both measurable and available to finance expenditures of the current period.

Revenues are recorded when received in cash, except those revenues subject to accrual (generally 60 days after year-end) are recognized when due. The primary revenue sources, which have been treated as susceptible to accrual by the City, are property tax, sales tax, intergovernmental revenues, and other taxes. Expenditures are recorded in the accounting period in which the related fund liability is incurred.

Deferred inflows arise when potential revenues do not meet both the “measurable” and “available” criteria for recognition in the current period. Deferred inflows also arise when the government receives resources before it has a legal claim to them, as when grant monies are received prior to incurring qualifying expenditures. In subsequent periods when both revenue recognition criteria are met or when the government has a legal claim to the resources, the deferred inflows is removed from the balance sheet and revenue is recognized.

Reconciliation of the Fund Financial Statements to the Government-Wide Financial Statements is provided to explain the differences between the two methods of measurement focus.

Proprietary Fund Financial Statements
Proprietary fund financial statements include a Statement of Net Position, a Statement of Revenues, Expenses, and Change in Net Position, and a Statement of Cash Flows for all proprietary funds. The City has determined that all its enterprise funds are major funds. The following were the City’s major enterprise funds:

The Water Fund consists of:
• Water Service Fund - This fund was established as a separate fund to account for the operation of the City's water utility. It is a self-supporting activity that provides services on a user-charge basis to residents and businesses located in the City. • Water Quality Sinking Fund - Revenue from this fund comes from a $3.00 per account transfer from the Water Service added to the water bill. Expenditures are for water system improvements.

ATTACHMENT C ITEM 14
City of Ceres, California
Notes to Basic Financial Statements, Continued
For the year ended June 30, 2024
51 1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES, Continued B. Basis of Accounting and Measurement Focus, Continued • Water Supply Fund - Revenue from this fund comes from water connection fees.

Expenditures are for major system improvements, including debt service payments if the improvements are financed.
• 2009 Water Bond Fund – This fund is used to account for projects financed with 2009 Water Revenue Bonds. The bond funds are being used to finance the acquisition and construction of certain improvements to the Water Enterprise system.

The Sewer Fund consists of:
• Sewer Main Line Construction Fund - Revenue from this fund comes from sewer connection fees. Expenditures are for plant improvements and pump station construction. • Sewer Service Fund - This fund was established as a separate fund to account for the operation of the City's sewer utility. It is a self-supporting activity that provides services on a user-charge basis to residents and businesses located in the City. • 2009 Sewer Bond Fund – This fund is used to account for projects financed with 2009 Sewer Revenue Bonds. The bond funds are being used to finance the acquisition and construction of certain improvements to the Sewer Enterprise system.

Stancog Dial-A-Ride Fund - This fund is a local transportation fund restricted to transit, street, pedestrian, and bike purposes.

A separate column representing internal service funds is also presented in these statements. However, internal service balances and activities have been combined with the governmental activities in the government-wide financial statements.

Proprietary funds are accounted for using the “economic resources” measurement focus and the accrual basis of accounting. Accordingly, all assets and liabilities (whether current or noncurrent) are included on the Statement of Net Position. The Statement of Revenues, Expenses, and Changes in Net Position present increases (revenues) and decreases (expenses) in total net position. Under the accrual basis of accounting, revenues are recognized in the period in which they are earned while expenses are recognized in the period in which a liability is incurred.

ATTACHMENT C ITEM 14
City of Ceres, California
Notes to Basic Financial Statements, Continued
For the year ended June 30, 2024
52 1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES, Continued B. Basis of Accounting and Measurement Focus, Continued Proprietary Fund Financial Statements, Continued
Operating revenues in the proprietary funds are those revenues that are generated from the primary operations of the fund. All other revenues are reported as nonoperating revenues. Operating expenses are those expenses that are essential to the primary operations of the fund. All other expenses are reported as nonoperating expenses.

Fiduciary Fund Financial Statements
Fiduciary fund financial statements include a Statement of Fiduciary Net Position and Statement of Changes in Fiduciary Net Position. The City’s fiduciary funds include both agency funds and private purpose trust funds. Agency Funds are custodial in nature (assets equal liabilities) and do not involve measurement of results of operations. Private Purpose Trust Funds account for resources held for other individuals or entities in a manner similar to private enterprise. These funds are accounted for using the accrual basis of accounting.

C. Cash, Cash Equivalents, and Investments
The City pools its available cash for investment purposes. The City’s cash and cash equivalents are considered to be cash on hand, demand deposits, and short-term investments with original maturity of three months or less from the date of acquisition. Cash and cash equivalents are combined with investments and displayed as Cash and Investments. For purposes of the statement of cash flows of the proprietary fund types, cash and cash equivalents include all investments, as the City operates an internal cash management pool which maintains the general characteristics of a demand deposit account.

Disclosure requirements for Deposits and Investment Risks were made in the following areas:
• Interest Rate Risk
• Credit Risk
 Overall
 Custodial Credit Risk
 Concentrations of Credit Risk
In addition, other disclosures are specified including use of certain methods to present deposits and investments, highly sensitive investments, credit quality at year-end, and other disclosures.

ATTACHMENT C ITEM 14
City of Ceres, California
Notes to Basic Financial Statements, Continued
For the year ended June 30, 2024
53 1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES, Continued C. Cash, Cash Equivalents and Investments, Continued
The City participates in the Local Agency Investment Fund (LAIF), an investment pool managed by the State of California. LAIF has invested a portion of the pool funds in Structured Notes and Asset-Backed Securities. LAIF’s investments are subject to credit risk with the full faith and credit of the State of California collateralizing these investments. In addition, these Structured Notes and Asset-Backed Securities are subject to market risk as a result of changes in interest rates.

D. Restricted Cash and Investments
Certain restricted cash and investments are held by fiscal agents for the redemption of bonded debt and for acquisition and construction of capital projects. Cash and investments are also restricted for deposits held for others within the enterprise funds.

E. Inventories
The City accounts for inventories using the first-in, first-out method. Inventories consist primarily of supplies and are carried at cost. Governmental fund type inventories are recorded as expenditures when consumed rather than when purchased.

F. Capital Assets
Government-Wide Financial Statements
Capital assets are valued at historical cost or estimated historical cost if actual historical cost was not available. Donated fixed assets are valued at their estimated fair market value on the date donated. City policy has set the capitalization threshold for reporting infrastructure at $100,000; all other capital assets are set at $5,000. Depreciation is recorded on a straight-line basis over estimated useful lives of the assets as follows:

Buildings 50-60 years
Improvements other than buildings 30-50 years
Machinery and equipment 5-20 years
Infrastructure 15-50 years
ATTACHMENT C ITEM 14
City of Ceres, California
Notes to Basic Financial Statements, Continued
For the year ended June 30, 2024
54 1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES, Continued F. Capital Assets, Continued
Government-Wide Financial Statements, Continued
The City defines infrastructure as the basic physical assets that allow the City to function. The assets include streets, sewer, park lands, and buildings. Each major infrastructure system can be divided into subsystems. For example, the street system can be subdivided into pavement, curb and gutters, sidewalks, medians, streetlights, landscaping, and land. These subsystems were not delineated in the basic financial statements. The appropriate operating department maintains information regarding the subsystems.

Interest accrued during capital assets construction, if any, is capitalized for the business-type and proprietary funds as part of the asset cost.

For all infrastructure systems, the City elected to use the Basic Approach defined by GASB Statement No. 34, which requires all infrastructures be reported at historical cost and be depreciated over their estimated useful lives.

G. Long-Term Liabilities
Government-Wide Financial Statements
Long-term debt and other financial obligations are reported as liabilities in the appropriate activities.

Bond premiums and discounts, as well as issuance costs, are deferred and amortized over the life of the bonds using the straight-line method. Bonds payable are reported net of the applicable premium or discount. Issuance costs are reported as deferred outflows.

Fund Financial Statements
The Governmental Fund Financial Statements do not present long-term debt. Consequently, long-term debt is shown as a reconciling item in the Reconciliation of the Governmental Funds Balance Sheet to the Government-Wide Statement of Net Position.

Governmental funds recognize bond premiums and discounts, as well as bond issuance costs, during the current period. The face amount of debt issued is reported as other financial sources. Premiums received on debt issuance are reported as other financing sources while discounts on debt issuance reported as other financing uses. Issuance costs, whether or not withheld from the actual debt proceeds received, are reported as debt service expenditures.

Proprietary Fund Financial Statements use the same principles as those used in the Government-Wide Financial Statements.

ATTACHMENT C ITEM 14
City of Ceres, California
Notes to Basic Financial Statements, Continued
For the year ended June 30, 2024
55 1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES, Continued H. Compensated Absences
Government-Wide Financial Statements
For governmental and business-type activities, liabilities for compensated absences are recognized as leave is earned, to the extent the leave is attributable to services already rendered and is more likely than not to be either used or paid upon separation. The related expenses and liabilities are reported in the respective activity to which they apply.

Fund Financial Statements
In governmental funds, compensated absences are recorded as expenditures in the years paid, as it is the City’s policy to liquidate any unpaid compensated absences at June 30 from future resources, rather than currently available financial resources. In proprietary funds, compensated absences are expensed to the various funds in the period they are earned, and such fund’s share of the unpaid liability is recorded as a long-term liability of the fund.

The City accrues vacation time payable to employees based on agreements between the City and the various City employee bargaining units. Vacation time generally accrues as follows:

Years of Service Annual Vacation Earned
1 - 4 2 weeks
5 - 10 3 weeks
11 - 19 4 weeks
20 + One day per year for each year over
20 to a maximum of 25 days per year
Employees may accumulate a maximum of 480 hours. Vacation is accrued per pay period. Although new employees immediately begin earning vacation time, they are not eligible to use it until 30 days of service has passed. The accrued liability of governmental fund types for compensated absences is not expected to be paid from current available funds and, therefore, has been recorded in the governmental activities of the Government-Wide Financial Statements. The liability in proprietary fund types is carried as an obligation in the Fund Financial Statements and in the business-type activities of the GovernmentWide Financial Statements. The City does not pay any post-employment benefits.

I. Deferred outflows/inflows of resources
In addition to assets, the statement of financial position will sometimes report a separate section for deferred outflows of resources. This separate financial statement element, deferred outflows of resources, represents a consumption of net position that applies to a future period(s) and so will not be recognized as an outflow of resources (expense/ expenditure) until then. The City has only has one item that qualifies for reporting in this category.

ATTACHMENT C ITEM 14
City of Ceres, California
Notes to Basic Financial Statements, Continued
For the year ended June 30, 2024
56 1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES, Continued I. Deferred outflows/inflows of resources, Continued
In addition to liabilities, the statement of financial position will sometimes report a separate section for deferred inflows of resources. This separate financial statement element, deferred inflows of resources, represents an acquisition of net position that applies to a future period(s) and so will not be recognized as an inflow of resources (revenue) until that time. The City has one item reported as a deferred inflow of resources.

J. Net Position and Fund Equity
Government-Wide Financial Statements
In the Government-Wide Financial Statements, net position are classified in the following categories:

Net Investment in Capital Assets – This amount consists of capital assets net of accumulated depreciation and reduced by outstanding debt that attributed to the acquisition, construction, or improvement of the assets.

Restricted Net Position – This amount is restricted by external creditors, grantors, contributors, or laws or regulations of other governments.

Net Position – This amount is all net position that does not meet the definition of “net investment in capital assets” or “restricted.”
Fund Financial Statements
Governmental fund equity is classified as fund balance. Fund balance is classified as nonspendable, restricted, committed, assigned or unassigned. Proprietary fund equity is classified the same as in the government-wide statements. The classifications for governmental funds are defined as follows for the City:

Nonspendable Fund Balance –
 Assets that will never convert to cash (prepaid items, inventory).  Assets that will not convert to cash soon enough to affect the current period (long-term notes or loans receivable).
 Resources that must be maintained intact pursuant to legal or contractual requirements (the principal of an endowment).

ATTACHMENT C ITEM 14
City of Ceres, California
Notes to Basic Financial Statements, Continued
For the year ended June 30, 2024
57 1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES, Continued J. Net Position and Fund Equity, Continued
Government-Wide Financial Statements, Continued
Restricted Fund Balance –
 Resources that are subject to externally enforceable legal restrictions imposed by parties altogether outside the government (Creditors, Grantors, Contributors and Other Governments).
 Resources that are subject to limitations imposed by law through constitutional provisions or enabling legislation (Gas Tax).

Committed Fund Balance –
 Self-imposed limitations set in place prior to the end of the period. (Encumbrances, economic contingencies and uncertainties)
 Limitation at the highest level of decision-making (Council) that requires formal action at the same level to remove.
 Council resolution is required to be taken to establish, modify or rescind a fund balance commitment.

Assigned Fund Balance –
 Amounts in excess of nonspendable, restricted and committed fund balance in funds other than the general fund automatically are reported as assigned fund balance.  Assigned amounts for a specific purpose are as authorized by the City’s Finance Director through its fund balance policy.

Unassigned Fund Balance –
 Residual net resources
 Total fund balance in the general fund in excess of nonspendable, restricted, committed and assigned fund balance (surplus).
 Excess of nonspendable, restricted, and committed fund balance over total fund balance (deficit).

ATTACHMENT C ITEM 14
City of Ceres, California
Notes to Basic Financial Statements, Continued
For the year ended June 30, 2024
58 1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES, Continued K. Property Taxes
Under California law, property taxes are assessed and collected by the counties up to 1% of assessed value, plus other increases approved by the voters. The property taxes go into a pool and are then allocated to the cities based on complex formulas. Accordingly, the City accrues only those taxes which are receivable from the county within ninety days after year end.

Lien Date January 1
Levy Date January 1
Due Date November 1 and February 1
Collection Date December 10 and April 10
Property taxes levied are recorded as revenue when received in the fiscal year of levy, because of the adoption of the “alternate method of property tax distribution,” known as the Teeter Plan, by the City and the County of Stanislaus. The Teeter Plan authorizes the Auditor/Controller of the County of Stanislaus to allocate 100% of the secured property taxes billed, but not yet paid.

L. Use of Estimates
The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions. These estimates and assumptions affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities. In addition, estimates affect the reported amount of expenses. Actual results could differ from these estimates and assumptions.

O. Interfund Balances/Internal Balances
Advances to and advances from other funds represent interfund loans in the fund financial statements.

Advances between funds are offset by a fund liability or by deferred inflows in the applicable governmental funds to indicate that they are not expendable available financial resources. Any unpaid interest due to lack of funds in the borrowing fund increases the principal owed and is reported in the lending fund as deferred inflows.

All other outstanding balances between funds are reported as due to and due from other funds. These are generally repaid within the following fiscal year.

Any residual balances outstanding between the governmental activities and business-type activities are reported in the Government-Wide Financial Statements as “internal balances.” ATTACHMENT C ITEM 14
City of Ceres, California
Notes to Basic Financial Statements, Continued
For the year ended June 30, 2024
59 1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES, Continued P. Use of Restricted and Unrestricted Net Position
When an expense is incurred for purposes for which both restricted and unrestricted net position is available, the City’s policy is to apply restricted net position first.

Q. Budgetary Accounting
The City followed these procedures in establishing the budgetary data reflected in the financial statements:

1. Public hearings are conducted to obtain public comments. The City Council annually adopts the budget for the ensuing fiscal year prior to July 1st.

2. The City Manager is authorized to transfer budgetary amounts within a Department; however, any revisions that alter the total expenditures of any Department must be approved by the City Council.

3. Legally adopted budgets and formal budgetary integration is employed as a management control device during the year for the General Fund and Special Revenue Funds. Formal budgetary integration is not employed for the debt service funds because effective budgetary control is alternatively achieved through bond indenture provisions. The capital projects, proprietary and trust and agency funds are not budgeted.

4. Budgets for the General and Special Revenue Funds are adopted on a basis consistent with generally accepted accounting principles (GAAP).

5. Budgeted revenue amounts represent the original budget modified by adjustments authorized during the year. Budgeted expenditure amounts represent original appropriations adjusted for supplemental appropriations during the year which were contingent upon new or additional revenue sources and reappropriated amounts for prior year encumbrances. The City Manager may amend the budgeted amounts within departmental expenditure classifications. Appropriation revisions made during the year ended June 30, 2024, were not significant.

Appropriations lapse at the end of the fiscal year and then are re-budgeted for the coming year.

Under Article XIIIB of the California Constitution (the Gann Spending Limitation Initiative), the City is restricted as to the amount of annual appropriations from the proceeds of taxes, and if proceeds of taxes exceed allowed appropriations, the excess must either be refunded to the State Controller, returned to the taxpayers through revised tax rates or revised fees schedules, or an excess in one year may be offset against a deficit in the following year. For the fiscal year ended June 30, 2024, based on the calculations by City Management, proceeds of taxes did not exceed the appropriations limit.

ATTACHMENT C ITEM 14
City of Ceres, California
Notes to Basic Financial Statements, Continued
For the year ended June 30, 2024
60 1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES, Continued Q. Budgetary Accounting, Continued
Budgeted appropriations for the various governmental funds become effective each July 1. The City Council may amend the budget during the fiscal year. The legal level of budgetary control has been established at the fund level. Appropriations generally lapse at the end of the fiscal year to the extent they have not been expended or encumbered.

ATTACHMENT C ITEM 14
City of Ceres, California
Notes to Basic Financial Statements, Continued
For the year ended June 30, 2024
61 2. CASH AND INVESTMENTS
At June 30, 2024, the City’s pooled cash and investments, classified by maturity, consisted of the following stated at fair market value:

Fair
< 1 1 to 3 3 to 5 Deposits Market Value
Cash equivalents and investments pooled
Pooled cash, at fair value:

Cash in bank - $ - $ - $ 78,888,824 $ 78,888,824 $
Petty cash - - - 4,250 4,250
Total pooled items - - 78,893,074 - 78,893,074
Pooled investments, at fair value
Interest obligations
Par Rate
$3,209,000 0.55 - 4.95% Domestic Time Deposits 249,000 1,725,000 - 1,974,000 - $17,000,000 0.7 - 4.87% US Government Agency Securities 5,013,488 11,975,000 - 16,988,488 - Municipal Investor Account 8,001,688 - - 8,001,688 -
State of California Local Agency Investment Fund 4,778,124 - - 4,778,124 - Total pooled investments - interest obligations 18,042,300 13,700,000 - 31,742,300 - Total cash equivalents and investments pooled $ 18,042,300 $ - 13,700,000 $ 78,893,074 $ $ 110,635,374 Amounts reported in:

Government activities $ 38,082,248
Business-type activities:

Unrestricted cash and investments 64,652,840
Cash and investments with trustee / fiscal agent 37
Fiduciary activities:

Unrestricted cash and investments 5,838,749
Cash and investments with trustee/fiscal agent 2,061,500 Total $ 110,635,374
Maturities (in years)
Investment Type Fair Value Maturity (in years)
Domestic Time Deposits $ 1,974,000 1.262
US Governments Agency Securities 16,988,488 1.616
Municipal Investor Account 8,001,688 0.000
Local Agency Investment Fund 4,778,124 0.000
Total fair value $ 31,742,300
California statutes authorize cities to invest idle or surplus funds in a variety of credit instruments as provided for in the California Government Code, Section 53600, Chapter 4 – Financial Affairs. The table below identifies the investment types that are authorized for the City by the California Government Code (or the City’s investment policy, where more restrictive) that address interest rate risk, credit risk, and concentration of credit risk. During the year ended June 30, 2024, the City’s permissible investments included the following instruments:

Medium-term Corporate Notes Commercial Paper Treasury Bills and Notes Certificates of Deposit Repurchase Agreements Passbook Savings Accounts Bankers' Acceptances Government Agency Securities Local Agency Investment Fund ATTACHMENT C ITEM 14
City of Ceres, California
Notes to Basic Financial Statements, Continued
For the year ended June 30, 2024
62 2. CASH AND INVESTMENTS, Continued
Interest rate risk – In accordance with its investment policy, the City manages its exposures to declines in fair values by limiting the weighted average maturity of its investment portfolio to less than 5 years. As of June 30, 2024, the weighted average maturity was not applicable because all balances are current.

Credit risk – It is the City’s policy that commercial paper has a rating of “A1” or higher by a nationally recognized statistical rating organization (NRSRO) and with a maturity date not exceeding 180 days from the date of purchase. Medium-term notes, with a final maturity not exceeding five years from the date of purchase, must have a rating of A or the equivalent by a NRSRO. Federal instrumentalities must have a rating of AAA or the equivalent by a NRSRO at the time of purchase with a maximum maturity of five years at the time of purchase. The LAIF, administered by the State of California, has a separate investment policy, governed by Government Code Sections 16480-16481.2, that provides credit standards for its investments.

Concentration of credit risk – The City’s investment policy does not allow for an investment in any one issuer that is in excess of five percent of the government’s total investments. The investments made by the City Treasurer are limited to those allowable under State statutes as incorporated into the City’s Investment Policy, which is accepted annually by the City Council. There were no concentrations in any one issuer for the year.

The City participates in an investment pool managed by the State of California titled Local Agency Investment Fund (LAIF) which has invested 3.00% of the pool funds in Structured Notes and AssetBacked Securities. LAIF's investments are subject to credit risk with the full faith and credit of the State of California collateralizing these investments. In addition, these Structured Notes and Asset-Backed Securities are subject to market risk as to changes in interest rates.

Custodial credit risk – deposits. For deposits, this is the risk that in the event of a bank failure, the City’s deposits may not be returned. The City’s Investment Policy addresses custodial credit risk, which follows the Government Code.

At June 30, 2024, the carrying amount of the City’s deposits was $78,888,824 and the balance in financial institutions was $75,962,260. Of the balance in financial institutions, $500,000 was covered by federal depository insurance and $75,462,260 was collateralized as required by State law (Government Code Section 53630), by the pledging financial institution with assets held in a common pool for the City and other governmental agencies, but not in the name of the City. As of June 30, 2024, the City’s investments were held by the City’s custodial agent, but not in the City’s name, and were insured up to specified limits by the Securities Investor Protection Corporation (SIPC) and supplemental private insurance up to a limit of $150 million.

Custodial credit risk – investments. For investments, this is the risk that, in the event of the failure of the 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 counterparty. For the investments maintained by the City, no security was uninsured or unregistered or held by a brokerage firm which is also the counterparty for the security.

ATTACHMENT C ITEM 14
City of Ceres, California
Notes to Basic Financial Statements, Continued
For the year ended June 30, 2024
63 2. CASH AND INVESTMENTS, Continued
Fair Value of Investments
The City measures and records its investments using fair value measurement guidelines established by generally accepted accounting principles (GAAP). These guidelines recognize a three‐tiered fair value hierarchy as follows:
 Level 1: Quoted prices for identical investments in active markets;  Level 2: Observable inputs other than those in Level 1; and  Level 3: Unobservable inputs.

Debt and equity securities classified as Level 1 are valued using prices quoted in active markets for those securities. Debt and equity securities classified in Level 2 are valued using the following approaches:
debt securities are normally valued based on price data obtained from observed transactions and market price quotations from broker dealers and/or pricing vendors; equity securities are valued using fair value per share for each fund. Certificates of deposit classified in level 2 are valued using broker quotes that utilize observable market inputs. Securities classified as Level 3 have limited trade information, these securities are priced or using the last trade price or estimated using recent trade prices.

Investments by Fair Value Level June 30, 2025 Level 1 Level 2 Level 3 Domestic Time Deposits $ 1,974,000 $ 1,974,000 - $ $ -
U.S. Government Agency Securities 16,988,488 16,988,488 - - Total fair value 18,962,488 - 18,962,488 -
Investments Exempt from Fair Value Hierarchy
Local Agency Investment Fund (LAIF) 4,778,124
Municipal Investor Account 8,001,688
$ 31,742,300
Investment in LAIF: The City is a voluntary participant in California Local Agency Investment Fund (LAIF), which is regulated by California Government Code Section under the oversight of the Local Investment Advisory Board (Board). The Board consists of five members as designated by state statute, and is chaired by the State Treasurer who is responsible for day-to-day administration of LAIF. The total amount invested by all public agencies as of June 30, 2024, was $21.47 billion of which the City had a balance of $4,778,124. LAIF is part of the California Pooled Money Investment Account (PMIA), which at June 30, 2024 has a portfolio with market valuation including accrued interest of $179 billion.

The fair value of the City’s investment in this pool is reported in the accompanying financial statements at amounts based upon the City’s pro-rata share of the fair value provided by LAIF for the entire LAIF portfolio (in relation to the amortized cost of that portfolio). The balance available for withdrawal is based on the accounting records maintained by LAIF, which are recorded on an amortized cost basis.

ATTACHMENT C ITEM 14
City of Ceres, California
Notes to Basic Financial Statements, Continued
For the year ended June 30, 2024
64 3. ACCOUNTS RECEIVABLE
Accounts receivable consisted of the following at June 30, 2024:

Governmental Business-type Fiduciary
Activities Activities Activities Total
Current:

Accounts - $ 2,027,463 $ - $ 2,027,463 $
Taxes 1,742,387 - - 1,742,387
Intergovernmental 231,610 - - 231,610
Other receivable 3,566,781 - - 3,566,781
Total current 5,540,778 $ 2,027,463 $ - $ 7,568,241 $
These amounts resulted in the following concentrations in receivables:

Other Governments 12.89%
Individuals/Businesses 63.81%
Other 23.30%
Amounts do not indicate a significant concentration (greater than 25%) with any single individual, business, or agency.

4. LOANS AND NOTES RECEIVABLE
Through the City’s various housing rehabilitation funds and first-time home buyer’s funds, the City has loaned funds to qualifying individuals and businesses. Interest rates vary depending on the terms of the loan. Interest is accrued on the loans that bear interest.

Loans and notes receivable for the year ended June 30, 2024, consisted of the following:

Beginning Ending
Description July 1, 2023 Additions (Deletions) June 30, 2024 First-Time Homebuyer Loans $ 2,010,308 $ - $ 2,010,308 - $ Housing Rehabilitation Loans:

CDBG Loan 215,060 - (2,614) 212,446
Emergency Repair Loan 306,357 - (6,591) 299,766
Begin Home Grant 344,050 - - 344,050
Total Housing Rehabilitation Loans 865,467 - (9,205) 856,262 Whitmore Oaks 865,361 - - 865,361
Della Tiara 2,486,399 - 2,486,399 -
Total loans receivable $ 6,227,535 $ - $ (9,205) $ 6,218,330 ATTACHMENT C ITEM 14
City of Ceres, California
Notes to Basic Financial Statements, Continued
For the year ended June 30, 2024
65 4. LOANS AND NOTES RECEIVABLE, Continued
The following is a summary of the loans and notes receivable outstanding as of June 30, 2024:

First-Time Homebuyer Loans
The City has provided various loans to assist first-time homebuyers with loans up to $50,000. Loan repayment is deferred for 30 years or until sale or refinancing of the property. Interest rates vary from 1% to 5%. Total first-time homebuyer loans outstanding at June 30, 2024 were $2,010,308.

Housing Rehabilitation Loans
The City administers various housing rehabilitation loan programs using Community Development Block Grant funds and Begin Home Funds. Under these programs, individuals with incomes below a certain level are eligible to receive low interest, variable term loans, secured by deeds of trust for rehabilitation work on their homes. Interest rates may vary from 0% to 3%. The loan repayments may be amortized over the life of the loans, deferred or a combination of both. Total rehabilitation loans outstanding at June 30, 2024 were $856,262.

Whitmore Oaks
The Whitmore Oaks loan was made to assist the developer with the costs to develop and construct a 53 unit apartment complex for seniors. The CRA provided a loan of $612,500 and the City, through the State’s HOME Investment Partnership Program, provided a loan of up to $865,361. Loan provisions require the apartment complex provide not less than eleven affordable housing units to be rented to qualified very-low and low income persons and families. The CRA loan carries an interest rate of 3% starting 2015 and the note is payable in full in 2057. The HOME loan carries an interest rate of 3% starting in 2027 and the note is payable in full in 2042. The amount outstanding at June 30, 2024 was $865,361.

Della Tiara
The CRA provided a loan to Della Tiara for the construction of a 26-unit apartment complex (the “Project) using HOME grant funds. The loan bears simple interest of 3% per year and interest begins to accrue January 1, 2015. The loan is deferred for 55 years. Commencing in 2020, principal and interest is due in an amount equal to 35% of residual cash flow from the Project provided that the residual cash flow in any year is over $10,000. The amount outstanding at June 30, 2024 was $2,486,399.

ATTACHMENT C ITEM 14
City of Ceres, California
Notes to Basic Financial Statements, Continued
For the year ended June 30, 2024
66 5. CAPITAL ASSETS
Capital asset activity for governmental activities for the year ended June 30, 2024, was as follows:

Balance Balance
July 1, 2023 Additions Deletions June 30, 2024
Governmental activities:

Nondepreciable assets:

Land $ 14,753,193 $ - -$ 14,753,193 $
Total nondepreciable assets 14,753,193 - - 14,753,193
Depreciable assets:

Buildings and improvements 41,647,084 5,277,053 - 46,924,137 Machinery & equipment 21,083,401 1,752,547 (273,208) 22,562,740 Infrastructure 111,225,836 - - 111,225,836
Total depreciable assets 173,956,321 7,029,600 (273,208) 180,712,713 Total 188,709,514 7,029,600 (273,208) 195,465,906
Accumulated depreciation:

Buildings and improvements (21,341,501) - (1,657,916) (22,999,417) Machinery & equipment (13,547,568) 272,848 (1,415,481) (14,690,201) Infrastructure (71,886,014) - (3,372,449) (75,258,463)
Total accumulated depreciation (106,775,083) 272,848 (6,445,846) (112,948,081) Net depreciable assets 67,181,238 583,754 (360) 67,764,632 Total net capital assets $ 81,934,431 $ 583,754 (360)$ 82,517,825 $ Depreciation expense for capital assets was charged to functions as follows:

General government $ 1,922,585
Public safety 404,920
Public works 4,011,679
Community services 35,194
Economic development 71,467
Total $ 6,445,845
ATTACHMENT C ITEM 14
City of Ceres, California
Notes to Basic Financial Statements, Continued
For the year ended June 30, 2024
67 5. CAPITAL ASSETS, Continued
Capital asset activity for business-type activities for the year ended June 30, 2024, was as follows:

Balance Balance
July 1, 2023 Additions Deletions June 30, 2024
Business-type activities:

Nondepreciable assets:

Land 3,291,818 $ - $ - $ 3,291,818 $
Construction in progress 25,449,152 - (25,449,152) -
Intangible Asset 33,620,000 32,066,073 - 65,686,073
Total nondepreciable assets 62,360,970 32,066,073 (25,449,152) 68,977,891 Depreciable assets:

Buildings and improvements 9,644,716 26,087 - 9,670,803 Machinery & equipment 6,851,983 282,055 (114,724) 7,019,314 Infrastructure 54,467,007 945,233 - 55,412,240
Total depreciable assets 70,963,706 1,253,375 (114,724) 72,102,357 Total 133,324,676 33,319,448 (25,563,876) 141,080,248
Accumulated depreciation:

Buildings and improvements (6,636,774) (296,269) (6,933,043) - Machinery & equipment (5,785,668) (248,235) 110,162 (5,923,741) Infrastructure (19,195,268) (1,733,986) (20,929,254) -
Total accumulated depreciation (31,617,710) (2,278,490) 110,162 (33,786,038) Net depreciable assets 39,345,996 (1,025,115) (4,562) 38,316,319 Total net capital assets $ 31,040,958 101,706,966 $ (25,453,714) $ 107,294,210 $ Depreciation expense for business-type activity capital assets was charged to functions as follows:

Water $ 1,357,475
Sewer 921,015
Total $ 2,278,490
ATTACHMENT C ITEM 14
City of Ceres, California
Notes to Basic Financial Statements, Continued
For the year ended June 30, 2024
68 6. ACCOUNTS PAYABLE AND ACCRUED LIABILITIES
Accounts payable and accrued liabilities consisted of the following at June 30, 2024:

Governmental Business-type Fiduciary
Activities Activities Activities Total
Accounts payable $ 3,729,831 $ 1,416,044 $ 5,145,875 - $ Accrued payroll and related liabilities 212,673 - 212,673 - Total $ 3,942,504 $ 1,416,044 $ 5,358,548 - $
These amounts resulted in the following concentrations in payables:

Vendors 96.03%
Employees 3.97%
Amounts do not indicate a significant concentration (greater than 25%) with any single vendor or employee.

7. SPECIAL ASSESSMENT DISTRICTS
Special Assessment bonds have been issued under the 1915 Bond Act. The City is in no way liable for repayment of any bonds of the funds reflected in the Agency funds, according to bond counsel, but is acting only as an agent for the property owners/bond holders in collecting and forwarding the special assessments. Balances of the various assessment district bonds were as follows as of June 30, 2024:
2002 - WestPointe Refunding Reassessment District – Original Issue $2,960,000 In fiscal year 2003, the City issued the WestPointe Refunding Reassessment District Bonds. Proceeds from the sale of the bonds was used to call and redeem all of the outstanding principal amount of the bonds previously issued by the City for its Westpointe Improvement Assessment District and to pay certain costs of issuance of the bonds. The City is the collecting and paying agent for the bonds issued by the WestPointe Assessment District (District), but has no direct or contingent liability or moral obligation for the payment of these bonds. Assets held by the City on behalf of the District are recorded in an agency fund. Accordingly, the assets and outstanding bond obligations of the District are not presented in the accompanying Basic Financial Statements. As of June 30, 2024, there is no outstanding balance of the Westpointe Refunding Reassessment District Bonds.

ATTACHMENT C ITEM 14
City of Ceres, California
Notes to Basic Financial Statements, Continued
For the year ended June 30, 2024
69 8. LONG-TERM LIABILITIES
The following is a summary of changes in long-term debt for business-type activities for the year ended June 30, 2024:

Balance Balance Due Within
July 1, 2023 Additions Retirements June 30, 2024 One Year Governmental Activities:

Loan Payable $ 116,347 $ (116,347) - $ $ - $ -
Compensated absences 1,462,518 (23,655) - 1,438,863 -
Total governmental activities $ 1,578,865 $ (140,002) - $ $ 1,438,863 $ - Business-type Activities:
2020 Water Refunding Bonds $ 3,056,000 $ (163,000) - $ $ 2,893,000 $ 167,000 2020 Wastewater Refunding Bonds 5,296,000 (281,000) - 5,015,000 289,000 Compensated absences 316,178 (6,107) - 310,071 -
Total business-type activities $ 8,668,178 $ (450,107) - $ $ 8,218,071 $ 456,000 Loan Payable – Original Issue $1,193,500
On March 15, 2012, the City entered into a loan agreement with the Energy Resources Conservation and Development Commission for the construction of City street lights. The loan principal is payable semiannually starting on December 22, 2012 through June 22, 2024. The interest rate is 3.0% and is semiannually on December 22 and June 22. The loan was fully repaid during the fiscal year ended June 30, 2024, and no outstanding balance remained as of June 30, 2024. 2020 Water Revenue Bond, Refunding – Original Issue $3,658,000 The Ceres Financing Authority issued the Water Revenue Bonds, Series A in the amount of $4,750,000 to finance the acquisition and construction of certain improvements to the water enterprise system of the City. On March 1, 2020, the City issued $3,658,000 principal amount of 2021 Water Revenue Bonds to refund the outstanding principal balance of $3,830,000 for the 2009 Water Revenue Bonds. The reacquisition price did not exceed the net carrying amount of the old debt. This refunding decreased its total debts service payments by $1,224,059 and to obtain an economic gain (difference between the present values of the debt service payments on the old and new debt) of $239,036. The bonds mature annually through June 1, 2038, in amounts ranging from $145,000 to $251,000. The interest rate is 3.27% and are payable semiannually on June 1 and December 1. Bonds are payable from revenues consisting primarily of installment payments payable by the City to the Authority under a Water Installment Purchase Agreement. The outstanding balance at June 30, 2024 is $2,893,000. 2020 Wastewater Revenue Bond, Refunding – Original Issue $6,355,000 On December 22, 2009, Ceres Financing Authority issued the Wastewater Revenue Bonds, Series A in the amount of $8,220,000 to finance the acquisition and construction of certain improvements to the wastewater enterprise system of the City. On March 1, 2020, the City issued $6,355,000 principal amount of 2020 Wastewater Revenue Bonds to refund the outstanding principal balance of $6,650,000 for the 2009 Wastewater Revenue Bonds. The reacquisition price did not exceed the net carrying amount of the old debt. This refunding decreased its total debts service payments by $2,117,929 and to obtain an economic gain (difference between the present values of the debt service payments on the old and new debt) of $411,327.

ATTACHMENT C ITEM 14
City of Ceres, California
Notes to Basic Financial Statements, Continued
For the year ended June 30, 2024
70 8. LONG-TERM LIABILITIES, Continued
The principal of the bonds are payable annually starting on June 1, 2020 through June 1, 2038, in amounts ranging from $270,000 to $438,000. The interest rate is 3.27% and are payable semiannually on June 1 and December 1. Bonds are payable from revenues consisting primarily of installment payments payable by the City to the Authority under a Wastewater Installment Purchase Agreement. The outstanding balance at June 30, 2024 is $5,015,000.

Future debt service at June 30, 2024, is as follows for all remaining debt except claims liabilities:

Year Ending
June 30,
Principal Interest Principal Interest
2025 167,000 $ 94,601 $ 289,000 $ 163,991 $
2026 171,000 89,140 297,000 154,540
2027 179,000 83,549 309,000 144,828
2028 182,000 77,695 317,000 134,724
2029 190,000 71,744 329,000 124,358
2030-2034 1,041,000 261,764 1,804,000 453,778
2035-2039 963,000 79,919 1,670,000 138,681
Total 2,893,000 $ 758,412 $ 5,015,000 $ 1,314,900 $
Due within one year 167,000 $ 94,601 $ 289,000 $ 163,991 $ Due after one year 2,726,000 663,811 4,726,000 1,150,909 Total 2,893,000 $ 758,412 $ 5,015,000 $ 1,314,900 $
Business-type Activities
2020 Water
Refunding Bonds Refunding Bonds
2020 Wastewater
Compensated Absences
The City recognizes a liability for compensated absences that are attributable to services already rendered and that accumulate and are probable of being used or otherwise paid or settled. These compensated absences primarily include vacation and similar leave benefits. Compensated absences had balances of $1,438,863 and $310,071 for governmental activities and business-type activities, respectively, as of June 30, 2024.

ATTACHMENT C ITEM 14
City of Ceres, California
Notes to Basic Financial Statements, Continued
For the year ended June 30, 2024
71 9. NET POSITION/ FUND BALANCES
Net Position
Governmental Business-type
Activities Activities Totals
Net investment in capital assets $ 82,517,825 $ 114,746,210 $ 197,264,035 Restricted 12,911,916 12,911,916 -
Unrestricted (2,106,619) 46,200,014 44,093,395
Total $ 93,323,122 $ 160,946,224 $ 254,269,346
 Restricted balances are for the same purposes as fund balance restrictions because external restriction requirements are the same. See descriptions of the restrictions below.

Fund Balance
Nonspendable, Restricted and Committed fund balance consisted of the following at June 30, 2024:

Nonspendable:

Prepaid items 16,411 $
Total nonspendable 16,411 $
Restricted for:

Measure H Income 241,367 $
Home Program 1,117,418
CDBG Programs 405,465
BEGIN Grant Program 232,574
SLESF 140,073
Dept of Conservation Grant 51,095
Fire Hydrant Benefit District 129,139
Ceres Community Foundation 141,352
Measure L 7,699,289
Road Maintenance and Rehab 2,616,270
SB2 Planning Grants Program 17,860
SB 1383 Local Assistance Grant 120,014
Total restricted 12,911,916 $
Committed:

Community Facilities District 13,712 $
Total committed 13,712 $
ATTACHMENT C ITEM 14
City of Ceres, California
Notes to Basic Financial Statements, Continued
For the year ended June 30, 2024
72 9. NET POSITION/ FUND BALANCES, Continued
The following describe the purpose of each nonspendable, restriction and commitment used by the City:

Nonspendable
Prepaid items – used to segregate that portion of fund balance to indicate that prepaid amounts do not represent available, spendable resources even though they are components of assets.

Restricted
Measure H Income– represents amounts restricted as a result of a voter approved ½-cent retail transaction and use tax (sales tax) for the improvement of police, fire and 9-1-1 emergency response; to fund additional personnel and equipment costs.

HOME Program – represents amounts restricted for housing under the HOME program.

CDBG Programs – represents amounts restricted for housing purposes by the Department of Housing and Urban Development.

BEGIN Grant Program – represents amounts restricted for the Building Equity & Growth in Neighborhoods grant to be utilized for deferred-payment second mortgage loans for down payment assistance to lower to moderate-income first-time homebuyers of new homes in projects with affordability enhanced by local regulatory incentives or barrier reductions.

Supplemental Law Enforcement Services Fund (SLESF) - Accounts for revenues and expenditures associated with State funds provided as a match for the COPS Universal Hiring Grant.

Dept. of Conservation Grant – represents amounts restricted for department of conservation grant programs.

Fire Hydrant Benefit District – represents amounts restricted for use in the fire hydrant benefit district.

Transportation Development Act – represents amounts restricted by use by the Transportation Development Act for transportation, including streets and roads.

Ceres Community Foundation - represents amounts restricted for use for the Ceres Community Foundation.

Measure L – represents amounts restricted for use of local street and road improvements, arterial street widening, signalization, pedestrian, bicyclist, and driver safety improvement projects.

ATTACHMENT C ITEM 14
City of Ceres, California
Notes to Basic Financial Statements, Continued
For the year ended June 30, 2024
73 9. NET POSITION/ FUND BALANCES, Continued
Restricted, Continued
Road Maintenance and Rehab – Restricted to continue essential road maintenance and rehabilitation projects, safety improvements, repairing and replacing aging bridges, and increasing access and mobility options to the traveling public.

SB2 Planning Grants Program – Restricted for technical planning assistance related to the preparation, adoption, and implementation of plans that streamline housing approvals and support the acceleration of housing production.

SB 1383 Local Assistance Grant - This fund will track grant funds from CalRecycle and expenditures associated with complying with Senate Bill 1383.

Committed
Community Facilities District – amounts committed for Police, Fire, Parks and Administrative Services. These amounts can only be charged by Council Resolution.

Deficit fund balances consisted of the following:

Nonmajor Special Revenue Funds:

Community Center - $2,268,908 resulted from operational costs in excess of revenues. The City plans to address this deficit in the next fiscal year.

Transportation Development Act - $201,576 resulted from the advance of funds from the City with revenues to be received in future years.

Daniel Whitmore House - $843 resulted from the advance of funds from the City with revenues to be received in future years.

Clinton Whitmore Mansion - $147,927 resulted from the advance of funds from the City with revenues to be received in future years.

Excess of Expenditures and Transfers Over Appropriations: Expenditures and transfers exceeded appropriations for the year ended June 30, 2024, for the following funds:

Total Excess
Expenditures Expenditures
Final Budget and Transfers Over Appropriations
Governmental Activities
Non-major Funds:

Special Revenue Funds:

SLESF - $ 166,643 $ (166,643) $
Community Facilities District - 8,229 (8,229)
ATTACHMENT C ITEM 14
City of Ceres, California
Notes to Basic Financial Statements, Continued
For the year ended June 30, 2024
74 10. INTERFUND TRANSACTIONS
Due to and due from other funds consisted of the following as of June 30, 2024:

Due from Due to
Other Funds Other Funds
Governmental Activities
Major Funds:

General Fund $ 5,331,901 $ -
Measure H - 413,401
Community Center - 2,176,848
Total Major Funds 5,331,901 2,590,249
Non-major Funds:

Special Revenue Funds:

State Gas Tax - 624,253
Street Light-Landscape District - 459,527
CMAQ - 1,307,291
Transportation Development Act - 201,576
Daniel Whitmore House - 843
Clinton Whitmore Mansion - 147,927
Total Non-major Special Revenue Funds - 2,741,417
Total Non-major Funds - 2,741,417
Internal Service Funds:

Risk Management - 235
Total Governmental Activities $ 5,331,901 $ 5,331,901
Due to and from balances result from the time lag between the dates that (1) interfund goods and services are provided or reimbursable expenditures occur, (2) transactions are recorded in the accounting system, and (3) payments between funds are made.

ATTACHMENT C ITEM 14
City of Ceres, California
Notes to Basic Financial Statements, Continued
For the year ended June 30, 2024
75 10. INTERFUND TRANSACTIONS, Continued
Activity for advances for the year ended June 30, 2024, was as follows:

Advances to Advances from
Other Funds Other Funds
Governmental Activities
Major Funds:

General Fund 531,494 $ 1,647,815 $
Total Major Funds 531,494 1,647,815
Enterprise Funds
Sewer 1,647,815 -
Total Enterprise Funds 1,647,815 -
Successor Agency

CRA - -
SCRC - 531,494
Total Successor Agency - 531,494
Total Advances $ 2,179,309 $ 2,179,309
Advances from the General Fund to the Successor Agency - SCRC were for Redevelopment Agency start-up costs. Advances from the Sewer Fund to the General Fund were made in the form of a loan to finance the purchase of a fire engine apparatus.

Transfers are used to (1) move revenues from the fund that statute or budget requires to collect them to the fund that statute or budget requires to expend them, and (2) use unrestricted revenues collected in the general fund to finance various programs accounted for in other funds in accordance with budgetary authorizations.

ATTACHMENT C ITEM 14
City of Ceres, California
Notes to Basic Financial Statements, Continued
For the year ended June 30, 2024
76 10. INTERFUND TRANSACTIONS, Continued
Transfers are used to (1) move revenues from the fund that statute or budget requires to collect them to the fund that statute or budget requires to expend them, and (2) use unrestricted revenues collected in the general fund to finance various programs accounted for in other funds in accordance with budgetary authorizations.

Transfers consisted of the following at June 30, 2024:

Transfers In Transfers Out
Governmental Activities
Major Funds:

General Fund $ 910,360 $ 363,127
Measure H - 152,000
Total Major Funds 910,360 515,127
Non-major Funds:

Special Revenue Funds:

Community Facilities District - 753,878
Daniel Whitmore House 54,645 -
Total Non-major Special Revenue Funds 54,645 753,878
Total Governmental Activities 965,005 1,269,005
Proprietary Funds
Sewer 304,000 -
Total Propretary Funds 304,000 -
Total Transfers $ 1,269,005 $ 1,269,005
Transfers In reported in the General fund from the Non-Major Governmental funds represent the City’s commitment to supporting recreation programs. Transfers In reported in Non-Major Governmental funds from Major Governmental funds represent support for community services expenses.

ATTACHMENT C ITEM 14
City of Ceres, California
Notes to Basic Financial Statements, Continued
For the year ended June 30, 2024
77 11. RISK MANAGEMENT
The City participates with other public entities in a joint venture under a joint powers agreement which established the Central San Joaquin Valley Risk Management Authority (CSJVRMA). The relationship between the City and the CSJVRMA is such that the CSJVRMA is not a component unit of the City for financial reporting purposes.

The City is covered for the first $1,000,000 of each general liability claim and $500,000 of each workers’ compensation claim through the CSJVRMA. The City has the right to receive dividends or the obligation to pay assessments based on a formula which, among other expenses, charges the City’s account for liability losses under the City’s self-insurance retention of $50,000 and workers’ compensation losses under the City’s self-insurance retention of $100,000. The CSJVRMA participates in an excess pool, which provides general liability coverage from $1,000,001 to $15,000,000. The CSJVRMA participates in an excess pool, which provides workers’ compensation coverage from $500,001 to $5,000,000 and also purchases excess insurance above the $5,000,000 to the statutory limit.

The CSJVRMA is a consortium of fifty-four (54) cities in San Joaquin Valley, California. It was established under the provisions of California Government Code Section 6500 et seq. The CSJVRMA is governed by a Board of Directors, which meets three to four times per year, consisting of one member appointed by each member city. The day-to-day business is handled by a management group employed by the CSJVRMA.

The financial information from the audited financial statements of the CSJVRMA, as of June 30, 2024, the most recent available, is presented below:

Total assets $ 179,635,612
Total liabilities 144,400,470
Total equities 35,235,142
Total revenues 95,596,916
Total expenses 94,324,180
Revenues over (under) expenses 1,272,736
Detailed financial information may be obtained from the CSJVRMA.

At the termination of the joint powers agreement and after all claims have been settled, any excess or deficit will be divided among the cities in accordance with the governing documents. There were no excess claims over premiums for any of the City’s risk management programs in 2023-2024, and there were no changes to the City’s insurance coverage from the prior year.

ATTACHMENT C ITEM 14
City of Ceres, California
Notes to Basic Financial Statements, Continued
For the year ended June 30, 2024
78 11. RISK MANAGEMENT, Continued
The following chart depicts the claims payments and liability amounts for the years shown:

Current Year Claim Payments
Beginning of Claims and Changes for Current and End of Year Fiscal Year Year Liability in Estimates Prior Years Liability 2019-2020 974,200 $ 2,344,046 $ (2,540,939) $ 1,171,093 $ 2020-2021 1,171,093 2,104,386 (2,256,683) 1,018,796
2021-2022 1,018,796 3,373,922 (2,987,921) 1,404,797
2022-2023 1,404,797 2,195,524 (2,023,050) 1,577,271
2023-2024 1,577,271 2,043,593 (1,949,963) 1,670,901

12. PENSION PLAN
A. General Information about the Pension Plan
Plan Description
The City is a participant in the Stanislaus County Employees Retirement Association (StanCERA), a retirement system organized under the 1937 Retirement Act. StanCERA is a cost-sharing multiple employer Public Employee Retirement System (PERS). StanCERA provides retirement and disability benefits, annual cost-of-living adjustments, and death benefits. Health and welfare insurance for retirees and their dependents is available however administered independently of StanCERA. The plan is administered by StanCERA. An actuarial valuation is performed for the system annually as a whole and the contribution rate is determined for each participating entity. The participating entities are the County, City of Ceres, and six special districts located in the County not governed by the County’s Board of Supervisors. StanCERA issues a Comprehensive Annual Financial Report (CAFR) that includes financial statements and required supplementary information for StanCERA. The CAFR may be obtained by writing to Stanislaus County Employees Retirement Association, P.O. Box 3150, Modesto, CA 95353-3150 or by calling (209) 525-6393.

The StanCERA CAFR is prepared using the accrual basis of accounting. Plan member contributions are recognized in the period in which the contributions are due. Employer contributions are recognized when due and a formal commitment to provide the contributions has been made. Benefits and refunds are recognized when due and payable in accordance with the terms of the plan.

Plan investments are reported at fair value. Short-term investments are reported at cost, which approximates fair value. All other securities are valued at the last reported market price at current exchange rates.

ATTACHMENT C ITEM 14
City of Ceres, California
Notes to Basic Financial Statements, Continued
For the year ended June 30, 2024
79 12. PENSION PLAN
Summary of Plans and Eligible Participants
General Tiers 1,2,4,5 (not open to new members) Vests after five years of credited service and may retire at age 50 or older with 10 or more years of
membership with StanCERA or any age with 30
or more years of credited service.

General Tier 3 (not open to new members) Vests after ten years of credited service and may retire at age 55 with 10 or more years of credited
service.

General Tier 6 (open to new members) Vests after five years of credited service and may retire at age 52 with 5 years of service credit or
age 70 regardless of service credit.

Safety Tiers 1, 2, 4, 5 (not open to new members) Vests after five years of credited service and may retire at age 50 or older with 10 or more years of
membership with StanCERA or any age with 20
or more years of credited service.

Safety Tier 6 (open to new members) Vests after five years of credited service and may retire at age 50 with 5 years of service credit or
age 70 regardless of service credit.

Benefits Provided
Members terminating employment before accruing ten years for Tier 3 of retirement service credit forfeit the right to receive retirement benefits unless they establish reciprocity with another public agency within the prescribed time period. Non-vested members who terminate service are entitled to withdraw their accumulated contributions plus accrued interest. Members who terminate after earning five or ten years of retirement service credit may leave their contributions on deposit and elect to take a deferred retirement. Difference between expected or actual experience for vested and non-vested benefits may result in an increase or decrease to pension expense and net pension liability.

For members with Tier 1, Tier 4, or Tier 5 benefits, final average salary is the average monthly salary based on the highest twelve consecutive months of earnings. For members with Tier 2, Tier 3, or Tier 6 benefits, final average salary is the average monthly salary based on the highest thirty-six consecutive months of earnings.

The retirement benefit for Tier 1, Tier 2, Tier 4, Tier 5, and Tier 6 members includes a postretirement cost-of-living adjustment (COLA) based upon the Consumer Price Index. COL increases/decreases are limited to a maximum of 3% annually. Total COL decrease(s) cannot exceed the cumulative amount of previous COLA increase(s). Tier 1, Tier 2, Tier 4, Tier 5, and Tier 6 provide death and disability benefits.

ATTACHMENT C ITEM 14
City of Ceres, California
Notes to Basic Financial Statements, Continued
For the year ended June 30, 2024
80 12. PENSION PLAN, Continued
Those members participating in Tier 1, Tier 2, Tier 4, Tier 5, and Tier 6 are required by statute to contribute to the pension plan. Members’ contribution rates for Tier 1, Tier 2, Tier 4, and Tier 5 are formulated on the basis of the age at date of entry and the actuarially calculated future benefits. Members’ contribution rate for Tier 6 is a flat rate based on the actuarially calculated future benefit. The City is required by statute to contribute the remaining amounts necessary to finance the estimated benefits accrued to its members. Member and employer contribution rates for each plan are as follows:

Plan
Employer
Contribution Rates
Employee
Contribution Rates
General Tier 2 29.51% 4.6-11.59%
General Tier 4 20.36% 3.25-7.91%
General Tier 5 34.93% 5.44-16.67%
General Tier 6 29.81% 9.10%
Safety Tier 5 49.41% 8.84-17.41%
Safety Tier 6 43.76% 14.72%
Contributions
The City’s contributions to StanCERA for the fiscal year ended June 30, 2024, was equal to the required contributions. The required contributions for the last three fiscal years are noted in the below chart. The City does not contribute towards post-employment benefits other than retirement.

Fiscal Year End Contributions
June 30, 2022 5,112,173 $
June 30, 2023 5,981,838
June 30, 2024 5,486,626
The County Employees’ Retirement Law of 1937 establishes the basic obligations for employer and member contributions and benefits to and of the retirement system. The actual employer and member contribution rates in effect each year are based on recommendations made by an independent actuary and adopted by the StanCERA Board of Retirement.

StanCERA provides a death benefit of $5,000 paid to the beneficiary or estate if a member dies after retirement, provided that Stanislaus County was the members’ last public employer.

Ad-hoc benefits are non-vested benefits determined by the Board of Retirement. Approved changes to the excess earnings policy by the Board of Retirement on June 30, 2014 placed restrictions on offering ad-hoc benefits, specifically that the system must be 100% actuarially funded prior to the Board of Retirement offering any ad-hoc benefits. StanCERA is 76.0% actuarially funded as of June 30, 2024.

ATTACHMENT C ITEM 14
City of Ceres, California
Notes to Basic Financial Statements, Continued
For the year ended June 30, 2024
81 12. PENSION PLAN, Continued
B. 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 shown below.

Actuarial Assumptions Used to Calculate Net Pension Liability The total pension liability in the June 30, 2024 actuarial valuations was determined using the following actuarial assumptions:

Actuarial Assumptions
Valuation date June 30, 2022
Measurement date June 30, 2023
Actuarial cost method Entry-age normal cost method
Actuarial assumptions:

Discount rate 6.75%
Inflation 2.50%
Payroll growth 2.75% for those eligible for COLA
Projected salary increases 2.75% plus merit component
Investment Rate of Return 6.75%
Post-retirement mortality rates were based on the RP2000 Combined tables projected to the year 2020 with adjustments for mortality improvements based on Society of Actuaries Scale AA. For preretirement mortality, withdrawal rates, disability rates and service retirement rates, the rates vary by age, gender and classification.

Discount Rate - The discount rate used to measure the total pension liability was 6.75%. The projection of cash flows used to determine the discount rate assumed that contributions from plan members will be made at the current contribution rate and that contributions from the employers will be made at contractually required rates, actuarially determined. Based on those assumptions, the pension 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 pension plan investments was applied to all periods of projected benefit payments to determine the total pension liability.

ATTACHMENT C ITEM 14
City of Ceres, California
Notes to Basic Financial Statements, Continued
For the year ended June 30, 2024
82 12. PENSION PLAN, Continued
B. Net Pension Liability, Continued
The long-term defined benefit pension plan return expectations were determined using a building-block approach. An inflation forecast is the baseline and various real return premiums (e.g. bonds, equities, etc.) are added to create nominal return expectations for each asset class.

These expectations are combined to produce the long-term expected rate of return by weighting the expected nominal rates of return by the target asset allocation percentages and including an expected return from rebalancing uncorrelated asset classes.

Best estimates of geometric real rates of return for each major asset class included in the target asset allocation as of June 30, 2024 are summarized in the following table:

Asset Class Target Allocation
Long-Term Expected
Real Rate of Return
Domestic Equities
US Large Cap 16.00% 4.50%
US Small Cap 4.00% 5.10%
International Equities
International Development 14.50% 4.60%
Emerging Market Equity 5.50% 7.10%
US Fixed Income
US Treasury 6.00% 1.00%
Short-term Gov/Credit 7.00% 3.00%
Real Estate Securities
Core 6.50% 2.80%
Value-add 6.00% 4.30%
Risk Parity 10.00% 3.70%
Absolute Return 3.00% 3.10%
Private Equity 5.00% 7.90%
Private Credit 8.00% 6.30%
Infrastructure 7.50% 5.50%
Cash 1.00% 0.50%
Pension Liabilities, Pension Expenses and Deferred Outflows/Inflows of Resources Related to Pensions
As of June 30, 2024, the City reported net pension liabilities for its proportionate share of the net pension liability of the Plan of $46,388,449.

ATTACHMENT C ITEM 14
City of Ceres, California
Notes to Basic Financial Statements, Continued
For the year ended June 30, 2024
83 12. PENSION PLAN, Continued
B. Net Pension Liability, Continued
The City's net pension liability for the Plan is measured as the proportionate share of the net pension liability. The net pension liability of the Plan is measured as of June 30, 2023, and the total pension liability for the Plan used to calculate the net pension liability was determined by an actuarial valuation as of June 30, 2022 rolled forward to June 30, 2023 using standard update procedures. The City's proportion of the net pension liability was based on a projection of the City's long-term share of contributions to the pension plan relative to the projected contributions of all participating employers, actuarially determined. The City’s proportionate share of the net pension liability for the Plan as of June 30, 2024 and 2023 was 5.5233% and 6.1773% respectively.

For the year ended June 30, 2024, the City recognized pension expense of $8,133,200. At June 30, 2024, the City reported deferred outflows of resources and deferred inflows of resources related to pensions from the following sources:

Deferred Outflows Deferred Inflow
of Resources of Resources
Pension contributions subsequent to measurement date 5,486,626 $ - $ Differences between actual and expected experience 7,000,998 - Changes in proportions - -
Differences between the employer's contributions and the employer's proportionate share of the contributions 5,044,433 3,826,906 Net differences between projected and actual earnings on plan investments - 4,087,210
Changes in assumptions 178,572 1,587,564
Total $ 20,580,312 $ 6,631,997
$5,486,626 reported as deferred outflows of resources related to contributions subsequent to the measurement date and changes in proportion that will be recognized as a reduction of the net pension liability in the year ended June 30, 2024. Other amounts reported as deferred outflows of resources and deferred inflows of resources related to pensions will be recognized as pension expense as follows:

Year Ended
30-Jun
2024 2,537,948 $
2025 560,131
2026 5,409,315
2027 (45,704)
2028 -
Thereafter -
ATTACHMENT C ITEM 14
City of Ceres, California
Notes to Basic Financial Statements, Continued
For the year ended June 30, 2024
84 12. PENSION PLAN, Continued
B. Net Pension Liability, Continued
Sensitivity of the Net Pension Liability to Changes in the Discount Rate The following presents the net pension liability of the City calculated using the discount rate of 6.75%, as well as what the plan’s net pension liability would be if it were calculated using a discount rate that is one percentage point lower (5.75%) or one percentage point higher (7.75%) than the current rate:
1% Decrease in
Discount Rate
Current Discount
Rate
1% increase in
Discount Rate
(5.75%) (6.75%) (7.75%)
Net pension liability $ 72,514,637 $ 46,388,449 $ 24,928,796 Pension Plan Fiduciary Net Position – Detailed information about the pension plan’s fiduciary net position is available in the separately issued Association financial reports.

13. ABANDONED VEHICLE ABATEMENT PROGRAM
The City has an Abandoned Vehicle Abatement Program (AVA) with revenues, expenditures, and balances of abandoned vehicle abatement funds for the year ended June 30, 2024 as follows:

Revenues $ 39,584
Expenditures:

Public safety 45,216
Revenues (under) expenditures (5,632)
Fund balances:

Beginning balance 77,098
Ending balance $ 71,466
AVA expenditures for 2024 are in compliance with Sections 9250.7 and 22710 of the Vehicle Code.

ATTACHMENT C ITEM 14
City of Ceres, California
Notes to Basic Financial Statements, Continued
For the year ended June 30, 2024
85 14. SUCCESSOR AGENCY TRUST FOR ASSETS OF FORMER REDEVELOPMENT AGENCY
On December 29, 2013, the California Supreme Court upheld Assembly Bill 1X 26 (“the Bill”) that provides for the dissolution of all redevelopment agencies in the State of California. This action impacted the reporting entity of the City of Ceres that previously had reported two redevelopment agencies within the reporting entity of the City as blended component units.

The Bill provides that upon dissolution of a redevelopment agency, either the city or another unit of local government will agree to serve as the “successor agency” to hold the assets until they are distributed to other units of state and local government. On January 9, 2013, the City Council elected to become the Successor Agency for both the former Ceres Redevelopment Agency and StanislausCeres Redevelopment Commission in accordance with the Bill as part of City resolution number 2013- 04 and 2013-05, respectively.

After enactment of the law, which occurred on June 28, 2011, redevelopment agencies in the State of California cannot enter into new projects, obligations or commitments. Subject to the control of a newly established oversight board, remaining assets can only be used to pay enforceable obligations in existence at the date of dissolution (including the completion of any unfinished projects that were subject to legally enforceable contractual commitments).

In future fiscal years, successor agencies will only be allocated revenue in the amount that is necessary to pay the estimated annual installment payments on enforceable obligations of the former redevelopment agency until all enforceable obligations of the prior redevelopment agency have been paid in full and all assets have been liquidated.

The Bill directs the State Controller of the State of California to review the propriety of any transfers of assets between redevelopment agencies and other public bodies that occurred after January 1, 2011.

If the public body that received such transfers is not contractually committed to a third party for the expenditure or encumbrance of those assets, the State Controller is required to order the available assets to be transferred to the public body designated as the successor agency by the Bill.

Management believes, in consultation with legal counsel, that the obligations of the former redevelopment agency due to the City are valid enforceable obligations payable by the successor agency trust under the requirements of the Bill. The City’s position on this issue is not a position of settled law and there is considerable legal uncertainty regarding this issue. It is reasonably possible that a legal determination may be made at a later date by an appropriate judicial authority that would resolve this issue unfavorably to the City.

In accordance with the timeline set forth in the Bill (as modified by the California Supreme Court on December 29, 2011) all redevelopment agencies in the State of California were dissolved and ceased to operate as a legal entity as of February 1, 2013. Prior to that date, the final seven months of the activity of the redevelopment agency continued to be reported in the governmental funds of the City included in the fund financial statements as Former Ceres Redevelopment Agency Special Revenue Fund and Low/Moderate Income Housing Fund, Capital Projects Fund and Debt Service Fund.

ATTACHMENT C ITEM 14
City of Ceres, California
Notes to Basic Financial Statements, Continued
For the year ended June 30, 2024
86 14. SUCCESSOR AGENCY TRUST FOR ASSETS OF FORMER REDEVELOPMENT AGENCY, Continued
The City also reported the Former Stanislaus-Ceres Redevelopment Commission Special Revenue Fund and Low/Moderate Income Housing Fund, Capital Projects Fund and Debt Service Fund.

After the date of dissolution, the assets and activities of the dissolved redevelopment agency are reported in a fiduciary fund (private-purpose trust fund) in the financial statements of the City. The transfer of the assets and liabilities of the former redevelopment agency as of February 1, 2013 (effectively the same date as January 31, 2013) from governmental funds of the City to fiduciary funds was reported in the governmental funds as an extraordinary loss (or gain) in the governmental fund financial statements. The receipt of these assets and liabilities as of January 31, 2013 was reported in the private-purpose trust fund as an extraordinary gain (or loss).

Because of the different measurement focus of the governmental funds (current financial resources measurement focus) and the measurement focus of the trust funds (economic resources measurement focus), the extraordinary loss (gain) recognized in the governmental funds was not the same amount as the extraordinary gain (loss) that was recognized in the fiduciary fund financial statements.

Loans and notes receivable
Through the City’s various housing rehabilitation funds and first-time home buyer’s funds, the City has loaned funds to qualifying individuals and businesses. Interest rates vary depending on the terms of the loan. Interest is accrued on the loans that bear interest.

Through the City’s various housing rehabilitation funds and first-time home buyer’s funds, the City has loaned funds to qualifying individuals and businesses. Interest rates vary depending on the terms of the loan. Interest is accrued on the loans that bear interest.

Loans and notes receivable for the year ended June 30, 2024 for the Successor Agency, consisted of the following:

Beginning Ending
Description June 30, 2023 Additions (Deletions) June 30, 2024 First-Time Homebuyer Loans $ 6,600 $ - $ - $ 6,600
Housing Rehabilitation Loans:

Home Exterior Grant Program - 16,624 - 16,624
2004 Walnut 96,772 - - 96,772
Low Income Deferred Loans 24,250 - - 24,250
River Crest 600,000 - (600,000) -
Habitat for Humanity Loans 56,353 - - 56,353
Broad Acres 168,272 - 168,272 -
Total Housing Rehabilitation Loans 962,271 (600,000) - 362,271 Whitmore Oaks 612,500 - 612,500 -
Della Tiara 633,000 - 633,000 -
Total loans receivable $ 2,214,371 $ (600,000) - $ $ 1,614,371 ATTACHMENT C ITEM 14
City of Ceres, California
Notes to Basic Financial Statements, Continued
For the year ended June 30, 2024
87 14. SUCCESSOR AGENCY TRUST FOR ASSETS OF FORMER REDEVELOPMENT AGENCY, Continued
The following is a summary of the loans and notes receivable outstanding as of June 30, 2024:

Housing Rehabilitation Loans
The City administers various housing rehabilitation loan programs that used the former CRA 20% Set Aside funds. Under these programs, individuals with incomes below a certain level are eligible to receive low interest, variable term loans, secured by deeds of trust for rehabilitation work on their homes. Interest rates may vary from 0% to 3%. The loan repayments may be amortized over the life of the loans, deferred or a combination of both. Total rehabilitation loans outstanding at June 30, 2024 were $362,271.

Whitmore Oaks
The Whitmore Oaks loan was made to assist the developer with the costs to develop and construct a 53 unit apartment complex for seniors. The former CRA provided a loan of $612,500 and the City, through the State’s HOME Investment Partnership Program, provided a loan of up to $865,361. Loan provisions require the apartment complex provide not less than eleven affordable housing units to be rented to qualified very-low and low income persons and families. The CRA loan carries an interest rate of 3% starting 2015 and the note is payable in full in 2057. The HOME loan carries an interest rate of 3% starting in 2027 and the note is payable in full in 2042. The amount outstanding at June 30, 2024 was $612,500.

ATTACHMENT C ITEM 14
City of Ceres, California
Notes to Basic Financial Statements, Continued
For the year ended June 30, 2024
88 14. SUCCESSOR AGENCY TRUST FOR ASSETS OF FORMER REDEVELOPMENT AGENCY, Continued
Long-term Liabilities
The following is a summary of changes in long-term debt for fiduciary activities for the year ended June 30, 2024:

Balance Transfers/ Balance Due Within
July 1, 2023 Additions Retirements June 30, 2024 One Year Fiduciary Activities:
2000 SCRC Tax Allocation Bonds $ 675,000 $ (65,000) - $ $ 610,000 $ 70,000 2015 Successor CRA Tax Allocation
Refunding Bonds 6,035,000 (350,000) - 5,685,000 370,000 Bond premium 157,231 (19,083) 138,148 14,542
2020 CRA Non-Housing Refunding
Tax Allocation Bonds 17,395,000 (1,080,000) - 16,315,000 1,125,000 Bond premium 3,247,347 (245,604) - 3,001,743 250,145
Total fiduciary activities $ 29,213,809 $ (1,759,687) - $ $ 25,749,891 $ 1,829,687 2000 SCRC Tax Allocation Bonds – Original Issue $1,440,000 On May 16, 2000, the SCRC issued tax allocation bonds for the purpose of financing a portion of the costs of the Stanislaus/Ceres Redevelopment Project. The bonds are payable from and secured by the tax revenues to be derived from the project area. The bonds mature annually through 2030, in amounts ranging from $20,000 to $105,000.

Interest rates vary from 4.65% to a maximum of 6.70% and are payable semiannually on May 1 and November 1. The bonds maturing before November 1, 2010, are not subject to optional redemption prior to their stated maturities. Bonds maturing on or after November 1, 2010, are subject to redemption in whole or in part on any interest payment date. Redemption includes a premium of 2% commencing on November 1, 2010, and reduced by 1% on each November 1 thereafter. 2015 Successor Agency to the Ceres Redevelopment Agency Tax Allocation Refunding Bonds On June 17, 2015, the Successor Agency to the CRA issued the CRA Project Area No. 1 Non-Housing bonds. The proceeds will be used to refund and defease the 2003 CRA Tax Allocation Bonds. The NonHousing Bonds are payable from and secured by Tax Revenues allocated to the CRA from the Project Area. Interest on the bonds will be payable on May 1 and November 1 of each year. Non-Housing Bonds maturing on or before November 1, 2020, will not be subject to redemption prior to their stated maturity.

ATTACHMENT C ITEM 14
City of Ceres, California
Notes to Basic Financial Statements, Continued
For the year ended June 30, 2024
89 14. SUCCESSOR AGENCY TRUST FOR ASSETS OF FORMER REDEVELOPMENT AGENCY, Continued
2020 CRA Non-Housing Tax Allocation Refunding Bonds – Original Issue $20,615,000 On February 25, 2020, the City issued $20,615,000 principal amount of 2021 CRA Non-Housing Tax Allocation Refunding Bonds to refund the outstanding principal balance of $26,105,000 for the 2006 CRA Non-Housing Tax Allocation Bonds and $850,000 for the 2006 CRA Housing Tax Allocation Bonds. The reacquisition price did not exceed the net carrying amount of the old debt. This refunding decreased its total debts service payments by $9,430,620 and to obtain an economic gain (difference between the present values of the debt service payments on the old and new debt) of $7,346,661.

Arbitrage
The Tax Reform Act of 1986 instituted certain arbitrage restrictions with respect to the issuance of taxexempt bonds after August 31, 1986. Arbitrage regulations deal with the investment of all tax-exempt bond proceeds at an interest yield greater than the interest yield to bondholders. Generally, all interest paid to bondholders can be retroactively rendered taxable if applicable rebates are not reported and paid to the Internal Revenue Service (IRS) at least every five years. The City performed calculations of excess investment earnings on various bonds and financings and at June 30, 2024, there were no arbitrage liabilities.

ATTACHMENT C ITEM 14
City of Ceres, California
Notes to Basic Financial Statements, Continued
For the year ended June 30, 2024
90 14. SUCCESSOR AGENCY TRUST FOR ASSETS OF FORMER REDEVELOPMENT AGENCY, Continued
Future debt service at June 30, 2024, is as follows for fiduciary debt:

Year Ending
June 30,
Principal Interest Principal Interest Principal Interest 2025 70,000 $ 38,470 $ 370,000 $ 275,000 $ 1,125,000 $ 652,600 $ 2026 75,000 33,649 390,000 256,000 1,175,000 607,600
2027 80,000 28,475 405,000 236,125 1,220,000 560,600
2028 85,000 22,946 430,000 179,463 1,265,000 511,800
2029 95,000 16,918 440,000 134,900 1,320,000 461,200
2030-2034 205,000 13,903 3,650,000 383,669 5,875,000 1,537,800 2035-2039 - - - - 4,335,000 261,800
Total 610,000 $ 154,361 $ 5,685,000 $ 1,465,157 $ 16,315,000 $ 4,593,400 $ Due within one year 70,000 $ $ 38,470 $ 370,000 $ 275,000 $ 1,125,000 $ 652,600 Due after one year 540,000 115,891 5,315,000 1,190,157 15,190,000 3,940,800 Total $ 610,000 $ 154,361 $ 5,685,000 $ 1,465,157 $ 16,315,000 $ 4,593,400 Year Ending
June 30,
Principal Interest Principal Interest Principal Interest 2025 $ 14,542 $ - $ 250,145 $ - $ 1,829,687 $ 966,070
2026 14,542 - 250,145 - $ 1,904,687 $ 966,070
2027 14,542 - 250,145 - 1,969,687 897,249
2028 14,542 - 250,145 - 2,044,687 825,200
2029 14,542 - 250,145 - 2,119,687 714,209
2030-2034 65,438 - 1,250,727 11,046,165 - 1,935,372
2035-2039 - - 500,291 - 4,835,291 261,800
Total $ 138,148 $ - $ 3,001,743 $ 25,749,891 - $ $ 6,565,970 Due within one year $ 14,542 $ - $ 250,145 $ - $ 1,829,687 $ 966,070 Due after one year 123,606 - 2,751,598 23,920,204 - 6,565,970 Total $ 138,148 $ - $ 3,001,743 $ 25,749,891 - $ $ 7,532,040 Refunding Bonds
Premium
2015 CRA Tax Allocation
Bonds
Refunding Tax Allocation
Totals
2020 CRA Non-Housing
Refunding Tax Allocation
Bonds
2000 SCRC Tax Allocation
Bonds
2015 CRA Tax Allocation
Refunding Bonds
Premium2020 CRA Non-Housing
ATTACHMENT C ITEM 14
City of Ceres, California
Notes to Basic Financial Statements, Continued
For the year ended June 30, 2024
91 14. SUCCESSOR AGENCY TRUST FOR ASSETS OF FORMER REDEVELOPMENT AGENCY, Continued
Activity for advances for the year ended June 30, 2024, was as follows:

Advances to Advances from
Other Funds Other Funds
Governmental Activities
Major Funds:

General Fund 531,494 $ - $
Total Major Funds 531,494 -
Total Governmental Activities 531,494 -
Fiduciary Activities:

Private Purpose Trust Funds:

Former Ceres Redevelopment Agency
Non-Housing - 1,826,680
Former Ceres Redevelopment Agency
Housing 1,826,680 -
Former Stanislaus - Ceres Redevelopment
Commission Successor Agency Non-Housing - 531,494
Total Private Purpose Trust Funds 1,826,680 2,358,174
Total Fiduciary Activities 1,826,680 2,358,174
Totals 2,358,174 $ 2,358,174 $
Advances from the General Fund to the Former Redevelopment Agency Fund were for Redevelopment start-up costs.

15. COMMITMENTS AND CONTINGENCIES
The City is a party to claims and lawsuits arising in the ordinary course of business. The City’s management and legal council are of the opinion that the ultimate liability, if any, arising from these claims will not have material adverse impact on the financial position of the City. The City participates in a number of federal and state assisted grant programs. These programs are subject to program compliance audits by the grantors. The amount, if any, of expenditures which may be disallowed by the granting agencies cannot be determined at this time although the City expects such amounts, if any, to be immaterial.

Stanislaus Regional Water Authority
The City of Ceres and the City of Trulock formed a joint powers authority, the Stanislaus Regional Water Authority (SRWA), in order to develop and finance the Regional Surface Water Supply Project (RSWSP). The project consists of the construction of a water treatment plant (WTP) and associated facilities with the capacity to treat up to 30 million gallons per day (MGD) of surface water from the Tuolumne River. The water will be provided by Turlock Irrigation District (TIO). The RSWSP is also expected to include a system of pipelines to transport the water to the project participants. The environmental review process for the RSWSP and related terminal facilities for each Project Participant is complete.

ATTACHMENT C ITEM 14
City of Ceres, California
Notes to Basic Financial Statements, Continued
For the year ended June 30, 2024
92 15. COMMITMENTS AND CONTINGENCIES, CONTINUED
Stanislaus Regional Water Authority
In furtherance of the RSWSP, on February 2, 2020, the SRWA, the Project Participants, and TIO entered into a Regional Surface Water Supply Phase 3 Project Design and Construction Funding Agreement.

Pursuant to the agreement, the City of Ceres will be entitled to 33.3% of the capacity of the RSWSP and the City of Turlock will be entitled to the remaining 66.7%.

The RSWSP project is expected to cost a total of $266,949,332. The City's investment in the project at June 30, 2024, was $65,686,073. Additional information regarding this project can be found at www.stanrwa.com.

16. NEW ACCOUNTING PRONOUNCEMENTS
The GASB has issued Statement No. 100, "Accounting Changes and Error Corrections—an amendment of GASB Statement No. 62." The primary objective of this Statement is to enhance accounting and financial reporting requirements for accounting changes and error corrections to provide more understandable, reliable, relevant, consistent, and comparable information for making decisions or assessing accountability. The implementation of this statement did not have an effect on the financial statements.

The GASB has issued Statement No. 101, "Compensated Absences." The objective of this Statement is to better meet the information needs of financial statement users by updating the recognition and measurement guidance for compensated absences. That objective is achieved by aligning the recognition and measurement guidance under a unified model and by amending certain previously required disclosures. The implementation of this statement did not have an effect on the financial statements.

The GASB has issued Statement No. 102, “Certain Risk Disclosures.” The requirements of this Statement will improve financial reporting by providing users of financial statements with essential information that currently is not often provided. The disclosures will provide users with timely information regarding certain concentrations or constraints and related events that have occurred or have begun to occur that make a government vulnerable to a substantial impact. As a result, users will have better information with which to understand and anticipate certain risks to a government’s financial condition. The implementation of this statement did not have an effect on the financial statements.

The GASB has issued Statement No. 103, “Financial Reporting Model Improvements.” The objective of this Statement is to improve key components of the financial reporting model to enhance its effectiveness in providing information that is essential for decision making and assessing a government’s accountability. This Statement also addresses certain application issues. The requirements of this Statement will take effect for financial statements starting with the fiscal year that ends June 30, 2026.

ATTACHMENT C ITEM 14
City of Ceres, California
Notes to Basic Financial Statements, Continued
For the year ended June 30, 2024
93 16. NEW ACCOUNTING PRONOUNCEMENTS, Continued
The GASB has issued Statement No. 104, “Disclosure of Certain Capital Assets.” The objective of this Statement is to improve the clarity and consistency of note disclosures related to capital assets by requiring governments to separately disclose certain types of capital assets, including lease assets, intangible right-to-use assets, subscription assets, and capital assets held for sale. These enhanced disclosures are intended to provide financial statement users with more decision-useful information about the nature and composition of a government’s capital assets. The requirements of this Statement will take effect for financial statements starting with the fiscal year that ends June 30, 2026.

ATTACHMENT C ITEM 14
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ATTACHMENT C ITEM 14

REQUIRED SUPPLEMENTARY INFORMATION
95 ATTACHMENT C ITEM 14
City of Ceres, California
Required Supplementary Information - Schedule of Contributions Last 10 Fiscal Years*
2024 2023 2022 2021 2020
Contractually required contribution (actuarially
determined) $ 5,226,127 5,655,899 $ 5,217,995 $ 5,281,755 $ 5,036,102 $ Contributions in relation to the actuarially
determined contributions 5,226,127 5,655,899 5,217,995 5,281,755 5,036,102 Contribution deficiency (excess) $ - - $ - $ - $ - $
Covered-employee payroll $ 11,560,488 12,764,776 $ 13,305,865 $ 14,028,282 $ 12,808,104 $ Contribution as a percentage of covered-employee
payroll 44.31% 45.21% 39.22% 37.65% 39.32%
2019 2018 2017 2016
Contractually required contribution (actuarially
determined) $ 3,831,916 4,265,800 $ 3,554,625 $ 3,393,450 $ Contributions in relation to the actuarially
determined contributions 3,831,916 4,265,800 3,554,625 3,393,450 Contribution deficiency (excess) $ - - $ - $ - $
Covered-employee payroll $ 12,342,023 11,548,404 $ 13,228,342 $ 13,055,073 $ Contribution as a percentage of covered-employee
payroll 36.94% 31.05% 26.87% 25.99%
Notes to Schedule
1) Covered employee payroll represents compensation earnable and pensionable compensation. Only compensation earnable and pensionable compensation that would possibly go into the determination of retirement benefits are included. *Additional years will be presented as they become available. 96 ATTACHMENT C ITEM 14
City of Ceres, California
Required Supplementary Information - Schedule of the City's Proportionate Share of the Net Pension Liability
Last 10 Fiscal Years*
2024 2023 2022 2021 2020
Plan's Proportion of the Net Pension Liability/(Asset) 5.5233% 6.1773% 5.2415% 5.7019% 5.5842% Plan's Proportionate Share of the Net Pension
Liability/(Asset) $ 45,591,673 46,388,449 $ 22,416,620 $ 46,489,029 $ 36,868,449 $ Plan's Covered-Employee Payroll $ 11,560,488 12,764,776 $ 13,305,865 $ 14,028,282 $ 12,808,104 $ Plan's Proportionate Share of the Net Pension
Liability/(Asset) as a Percentage of its CoveredEmployee Payroll 363.40% 394.37% 168.50% 331.40% 287.90% Plan's Proportionate Share of the Fiduciary Net Position as a Percentage of the Plan’s Total Pension Liability 76.00% 77.40% 86.50% 73.00% 77.00% Plan's Proportionate Share of Aggregate Employer
Contribution $ 5,226,127 5,655,899 $ 5,217,995 $ 5,281,755 $ 5,036,102 $ 2019 2018 2017 2016
Plan's Proportion of the Net Pension Liability/(Asset) 5.1682% 5.5554% 5.8514% 5.6629% Plan's Proportionate Share of the Net Pension
Liability/(Asset) $ 36,959,387 33,371,414 $ 43,142,269 $ 16,714,375 $ Plan's Covered-Employee Payroll $ 12,342,023 11,548,404 $ 13,228,342 $ 13,055,073 $ Plan's Proportionate Share of the Net Pension
Liability/(Asset) as a Percentage of its CoveredEmployee Payroll 288.97% 299.46% 326.14% 128.03% Plan's Proportionate Share of the Fiduciary Net Position as a Percentage of the Plan’s Total Pension Liability 76.70% 75.00% 70.60% 86.10% Plan's Proportionate Share of Aggregate Employer
Contribution $ 3,831,916 4,265,800 $ 3,554,625 $ 3,393,450 $ Notes to Schedule
1) Covered employee payroll represents compensation earnable and pensionable compensation. Only compensation earnable and pensionable compensation that would possibly go into the determination of retirement benefits are included. *Additional years will be presented as they become available. 97 ATTACHMENT C ITEM 14
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98 ATTACHMENT C ITEM 14

COMBINING AND INDIVIDUAL FUND STATEMENTS AND SCHEDULES
99 ATTACHMENT C ITEM 14
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100
ATTACHMENT C ITEM 14
Fund
Street Expansion
CDBG Grants
Street Tree
Storm Drain Benefit Districts
Brown Annex - Public Safety Mitigation
Eastgate Street & Landscape Benefit District
AB939 Source Reduction/Recycle
Neighborhood Park Fees
BEGIN Grant
Program Income
State Gas Tax
SLESF Grant
Abandoned Vehicle Abatement
Seized Property
Downtown Revitalization
Street-Light and Landscape District
Traffic Offender
State Traffic Safety
(continued)
This fund contains revenues obtained from the sale of forfeited vehicle. Funds are used for law enforcement supplies and equipment.

The City's share of the State gas tax allocations are recorded in this fund. These funds can be used for any street purpose. The City charges the street department to the gas tax This fund is used to account for fines as a result of arrests by City officers. These funds can only be used for traffic control devices and maintenance of equipment and supplies for traffic enforcement.

NON-MAJOR GOVERNMENTAL FUNDS
Description
To account for public safety mitigation fees collected for the Brown Annexation area; to provide funding for police salaries.

To account for street and landscape improvements made in the Eastgate subdivisions, funded by fees collected on property developed within the benefited area.

This fund is to account for funds received to be used to inform citizens of recycling requirements.

Fees collected from each new dwelling constructed, to be used for planning, acquisition, improvement, and expansion of neighborhood parks.

Fees collected from developers to be used by the City for planting trees along City streets and roads in new subdivisions.

These benefit district funds are used to account for developer fees used for the construction of the storm drain systems in the specific districts of WestPointe, Eastgate, Mitchell Road, and North East.

Fund established for State Housing & Community Development Building Equity & Growth in Neighborhoods grant to be utilized for deferred-payment second mortgage loans for down payment assistance to lower to moderate-income first-time homebuyers of new homes in projects with affordability enhanced by local regulatory incentives or barrier reductions.

Accounts for fees collected from developers to be used to widen streets due to the traffic impact of their projects.

Accounts for activities related to housing and the related CDBG funding.

Fund established for the Program Income from the State Housing & Community Development Building Equity & Growth in Neighborhoods grant.

Accounts for revenues and expenditures associated with State funds provided as a match for the COPS Universal Hiring Grant.

To account for activities of the Police Traffic Unit, including towing/impound fees and State grants utilized for Unit expenditures.

This fund contains revenues obtained from the sale of forfeited property in drug related cases. Funds are used for law enforcement equipment.

Revenues for this fund come from assessments to downtown businesses. These funds are used to improve the downtown area with such programs as façade and streetscape improvements and promotional events.

This fund is used to account for financial activity relating to the City-wide 1972 Act Landscaping and Lighting District. Revenues include assessment to the property owners within the district and expenditures related to the maintenance and upkeep of the street lights, median landscaping, and landscaping adjacent to sound walls. 101
ATTACHMENT C ITEM 14
Fund
Used Oil Recycling Grant
Department of Conservation
CMAQ
Community Facilities District
Fire Hydrant Benefit District
Transportation Development Act
Local Law Enforcement Block Grant
Public Facilities Fees
Daniel Whitmore House
River Bluff Regional Park
Ceres Community Foundation Accounts for activities related to the Ceres Community Foundation.

Clinton Whitmore Mansion
Measure L
Road Maintenance & Rehab
SB2 Planning Grants Program Fund
SB 1383
CARES Act
(concluded)
The Corona Virus Aid, Relief, and Economic Security (CARES) Act was passed by Congress and signed into law on March 27, 2020. It established a $150 billion Coronavirus Relief Fund to provide State, Local, and Tribal governments impacted by the virus outbreak. The U.S. Department of Treasury has made payments from the Fund to States and eligible units of local governments. The payment made to the city are used to cover expense that are necessary expenditures incurred due to the virus and incurred from March 1, 2020 to December 30, 2020.

The City owns the Clinton Whitmore Mansion. These funds are used for operating expenses and improvements.

To account for construction of Ceres River Bluff Regional Park and associated State grant revenues utilized for project.

State Department of Conservation grant utilized for promotion of recycling, reuse, and other green initiatives within the City.

To account for the special property taxes levied for the provision of public services (Police, Fire, and Parks).

These funds are collected from developers in the district for the installation of additional fire hydrants because the existing hydrant spacing does not meet City standards.

This fund is used to account for local transportation funds restricted to transit, street, pedestrian, and bike purposes.

The City's receipt and expenditures of the federal grants are recorded in these funds.

Expenditures are made to assist in projects that reduce crime and improve public safety.

These fees are received from developers to increase space and improve to City buildings, specifically, Public Safety, Planning, Public Works, and City Hall to mitigate the growth of the City.

This fund is used to account for Federal funds used for transit and street-related SB2 Planning Grants Program Funds through the State Department of Housing and Community Development (HCD) is designed to provide technical planning assistance monies related to the preparation, adoption, and implementation of plans that streamline housing approvals and lead to the acceleration of housing production.

In September 2016 the State set methane emission reduction targets for California in Senate Bill 1383. The California Department of Resources, Recycling and Recovery (CalRecycle) worked to develop regulations to achieve the goals of SB1383. These new regulations were finalized CalRecycle and took effect in January 2023. The SB 1383 fund is a special revenue fund. This fund will track grant funds from CalRecycle and expenditures associated with complying with the new regulations.

Senate Bill 1, the Road and Repair and Accountability Act of 2017. Funds are used to continue essential road maitenance and rehabilitation projects, safety improvements, repairing and replacing aging bridges, and increasing access and mobility options to the traveling public.

Local Roads First Transportation Funding Measure which establishes and implements a one-half cent transaction and use tax. Funding is to be used for local street and road improvements, arterial street widening, signalization, pedestrian, bicyclist, and drive safety improvements. The tax will expire on March 31, 2042.

This fund is to account for grant funds received to be used to inform citizens of oil recycling opportunities and procedures.

The City owns the Daniel Whitmore Home. It is the oldest house in the City and is now a museum. These funds are used for museum expenses and improvements.

NON-MAJOR GOVERNMENTAL FUNDS, Continued
Description
102
ATTACHMENT C ITEM 14
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103
ATTACHMENT C ITEM 14
City of Ceres, California
Combining Balance Sheet
Nonmajor Governmental Funds
June 30, 2024
Storm
Drain
Street CDBG Street Benefit Brown
Expansion Grants Tree Districts Annex
ASSETS
Cash and investments $ 405,465 2,863,518 $ 102,353 $ 949,112 $ 49,754 $ Receivables:

Taxes - - - -
Interest - - - - -
Intergovernmental - - - - -
Loans receivable 442,750 - - - -
Other receivable - - - - -
Total assets $ 2,863,518 $ 848,215 $ 102,353 $ 949,112 $ 49,754

LIABILITIES, DEFERRED INFLOWS AND FUND BALANCES
Liabilities:

Accounts payable and accrued liabilities $ - $ - $ - $ - $ - Due to other funds - - - -
Total liabilities - - - - -
Deferred inflows: unavailable revenue 442,750 - - - -
Total liabilities and deferred inflows 442,750 - - - -
Fund Balances:

Nonspendable:

Capital projects - - - -
Restricted 405,465 - - - -
Committed - - - - -
Assigned, reported in:

Special revenue funds 2,863,518 - 102,353 949,112 49,754 Unassigned (deficit) - - - - -
Total fund balances 405,465 2,863,518 102,353 949,112 49,754 Total liabilities and fund balances $ 2,863,518 $ 848,215 $ 102,353 $ 949,112 $ 49,754 104
ATTACHMENT C ITEM 14
Eastgate
Street Program
Benefit Neighborhood BEGIN Income State
District AB 939 Park Fees Grant BEGIN Gas Tax SLESF
$ 120,702 111,511 $ 1,391,750 $ 473,033 $ 232,574 $ - $ 140,073 $ - - - - - - -
- - - - - - -
- - - - 115,432 - -
- - 344,050 - - - -
- - - - - - -
$ 111,511 $ 120,702 $ 1,391,750 $ 817,083 $ 232,574 $ 115,432 $ 140,073 $ - $ - $ 3,987 $ - $ 19,191 - $ $ -
- - - - 624,253 - -
- - 3,987 - 643,444 - -
- - 344,050 - - - -
- - 3,987 344,050 643,444 - -
- - - - - -
- - - 232,574 - 140,073
- - - - - - -
111,511 120,702 1,387,763 473,033 - - -
- - - - (528,012) - -
111,511 120,702 1,387,763 473,033 232,574 (528,012) 140,073 $ 111,511 $ 120,702 $ 1,391,750 $ 817,083 $ 232,574 $ 115,432 $ 140,073 (continued)
105
ATTACHMENT C ITEM 14
City of Ceres, California
Combining Balance Sheet
Nonmajor Special Revenue Funds, Continued
June 30, 2024
Abandoned Street LightVehicle Seized Downtown Landscape Traffic Abatement Property Revitalization District Offender
ASSETS
Cash and investments $ 62,301 57,283 $ 56,840 $ - $ 61,544 $ Receivables:

Taxes - - - - -
Interest - - - - -
Intergovernmental 14,183 - - - -
Loans receivable - - - - -
Other receivable - - - - -
Total assets $ 71,466 $ 62,301 $ 56,840 $ 61,544 - $

LIABILITIES AND FUND BALANCES
Liabilities:

Accounts payable and accrued liabilities $ 39,398 - $ $ - $ 3,704 $ - Due to other funds - - 459,527 - -
Total liabilities 39,398 - 463,231 - -
Deferred inflows: Grants - - - - -
Total liabilities and deferred inflows 39,398 - 463,231 - - Fund Balances:

Nonspendable:

Capital projects - - -
Restricted - - - - -
Committed - - - - -
Assigned, reported in:

Special revenue funds 71,466 22,903 56,840 61,544 -
Unassigned (deficit) - - (463,231) - -
Total fund balances 71,466 22,903 56,840 (463,231) 61,544 Total liabilities and fund balances $ 71,466 $ 62,301 $ 56,840 $ 61,544 - $ 106
ATTACHMENT C ITEM 14
Dept of Community Fire Hydrant
Traffic Used Oil Conservation Facilities Benefit
Safety Grants Grant CMAQ District District
$ 24,980 49,857 $ $ 51,526 $ 13,712 - $ $ 129,139
- - - - - -
- - - - - -
- - - - - -
- - - - - -
4,708 - - - - -
$ 54,565 $ 24,980 $ 51,526 $ 13,712 - $ $ 129,139
$ - $ - $ 431 $ 238,215 $ - $ -
- - 1,307,291 - - -
- - 1,545,506 431 - -
- - - - - -
- - 1,545,506 431 - -
- - - - - -
- 51,095 - - 129,139 -
- - - 13,712 - -
54,565 24,980 - - - -
- - (1,545,506) - - -
54,565 24,980 51,095 (1,545,506) 13,712 129,139
$ 54,565 $ 24,980 $ 51,526 $ 13,712 - $ $ 129,139
(continued)
107
ATTACHMENT C ITEM 14
City of Ceres, California
Combining Balance Sheet
Nonmajor Governmental Funds, Continued
June 30, 2024
Transportation Public Daniel RiverBluff
Development Facilities Whitmore Regional
Act LLEBG Fees House Park
ASSETS
Cash and investments $ 47,699 - $ 2,689,059 $ $ 29,383 - $ Receivables:

Taxes - - - - -
Interest - - - - -
Intergovernmental - - - - -
Loans receivable - - - - -
Other receivable - - - - -
Total assets $ 47,699 - $ $ 2,689,059 $ 29,383 - $

LIABILITIES AND FUND BALANCES
Liabilities:

Accounts payable $ -$ 3,920 - $ $ - $ -
Deposits payable - - - - -
Due to other funds 201,576 - - 843 -
Total liabilities 201,576 - 3,920 843 -
Deferred inflows: unavailable revenue - - - - -
Total liabilities and deferred inflows 201,576 - 3,920 843 - Fund Balances:

Restricted - - - - -
Committed - - - - -
Assigned, reported in:

Special revenue funds 47,699 - 2,685,139 29,383 -
Unassigned (deficit) - (201,576) - (843) -
Total fund balances (201,576) 47,699 2,685,139 (843) 29,383 Total liabilities and fund balances $ 47,699 - $ $ 2,689,059 $ 29,383 - $ 108
ATTACHMENT C ITEM 14
Ceres Clinton Road SB2 Planning SB 1383 Local
Community Whitmore Maintenance Grants Program Assistance Foundation Mansion Measure L and Rehab Fund Grant CARES Act Totals $ - 142,311 $ 6,918,394 $ 2,528,711 $ 106,195 $ 120,014 $ 5,580,217 $ 25,509,010 $ - - 867,213 - - - - 867,213
- - - - - - - -
- - - 101,995 - - 231,610 -
- - - - - - 786,800 -
- - - - - - - 4,708
$ 142,311 $ 7,785,607 - $ $ 2,630,706 $ 106,195 $ 120,014 $ 5,580,217 $ 27,399,341 $ 959 $ 86,318 - $ $ 14,436 $ 88,335 $ 844,637 - $ $ 1,343,531 - - - - - - - -
147,927 - - - - - 2,741,417 -
959 147,927 86,318 14,436 88,335 844,637 - 4,084,948
- - - - - - 786,800 -
959 147,927 86,318 14,436 88,335 844,637 - 4,871,748
141,352 7,699,289 - 2,616,270 17,860 120,014 11,553,131 - - - - - - - 13,712 -
- - - - - 4,735,580 - 13,847,845
(147,927) - - - - - (2,887,095) -
141,352 (147,927) 7,699,289 2,616,270 17,860 120,014 4,735,580 22,527,593 $ 142,311 $ 7,785,607 - $ $ 2,630,706 $ 106,195 $ 120,014 $ 5,580,217 $ 27,399,341 (concluded)
109
ATTACHMENT C ITEM 14
City of Ceres, California
Combining Statement of Revenues, Expenditures and Changes in Fund Balances Nonmajor Governmental Funds
For the year ended June 30, 2024
Storm
Drain
Street CDBG Street Benefit Brown
Expansion Grants Tree Districts Annex
REVENUES:

Property and other taxes $ - - $ - $ 22,533 $ 6,516 $
Licenses and permits - - - - -
Fines, forfeitures and penalties - - - - -
Charges for services - - - - -
Intergovernmental 427,768 11,066 - - -
Use of money and property 12,966 2,041 520 4,859 251
Other revenues - - - - -
Total revenues 13,107 440,734 520 27,392 6,767
EXPENDITURES:

Current:

General government 2,608 - - - -
Public safety - - - - -
Engineering and Transportation - - 11,806 - -
Public works - - - - -
Community services - - - - -
Economic development 2,103 - - - -
Capital outlay 7,979 328,265 - - -
Debt service:

Principal - - - - -
Interest and fiscal charges - - - - -
Total expenditures 10,587 330,368 11,806 - -

REVENUES OVER (UNDER)
EXPENDITURES 430,147 (317,261) 520 15,586 6,767
OTHER FINANCING SOURCES (USES):

Proceeds from the sale of capital assets 224.00 - - -
Transfers in - - - - -
Transfers out - - - - -
Total other financing
sources and uses 224 - - - -

REVENUES AND OTHER FINANCING

SOURCES OVER (UNDER)

EXPENDITURES AND OTHER
FINANCING (USES) 430,371 (317,261) 520 15,586 6,767
FUND BALANCES (DEFICIT):

Beginning of year 2,433,147.00 722,726 101,833 933,526 42,987 End of year $ 405,465 2,863,518 $ 102,353 $ 949,112 $ 49,754 $ 110
ATTACHMENT C ITEM 14
Eastgate
Street Program
Benefit Neighborhood BEGIN Income State
District AB 939 Park Fees Grant BEGIN Gas Tax SLESF
$ 4,293 $ - $ - $ - $ - $ - $ -
- - - - - - -
- - - - - - -
- 184,161 - - - - -
12,285 - - - 1,329,649 166,643 -
566 720 6,970 2,399 2,374 4 1,144
- - - - - 1,597 -
4,859 13,005 191,131 2,399 2,374 1,331,250 167,787
- - 185 - - - -
- - - - - 166,643 -
- 8,712 8,865 - - 5,888 -
- 54,719 - - 1,403,974 -
- - - - - - -
- - - - - - -
- 117,369 - - - - -
- - - - 116,347 - -
- - - - - 2,632 -
63,431 - 126,419 - 1,528,841 - 166,643
4,859 (50,426) 64,712 2,399 2,374 (197,591) 1,144
- - - - - - -
- - - - - - -
- - - - - -
- - - - - - -
4,859 (50,426) 64,712 2,399 2,374 (197,591) 1,144
106,652 171,128 1,323,051 470,634 230,200 (330,421) 138,929 $ 111,511 $ 120,702 $ 1,387,763 $ 473,033 $ 232,574 $ (528,012) $ 140,073 (continued)
111
ATTACHMENT C ITEM 14
City of Ceres, California
Combining Statement of Revenues, Expenditures and Changes in Fund Balances, Continued Nonmajor Special Revenue Funds
For the year ended June 30, 2024
Abandoned Street LightVehicle Seized Downtown Landscape Traffic Abatement Property Revitalization District Offender
REVENUES:

Property and other taxes -$ $ - $ 468,633 - $ $ -
Licenses and permits - - - - -
Fines, forfeitures and penalties - - - - -
Charges for services - - 8,784 57,492 -
Intergovernmental 39,182 - - - -
Use of money and property 402 276 321 - -
Other revenues - 5,173 - - 25
Total revenues 39,584 5,449 9,105 468,633 57,517
EXPENDITURES:

Current:

General government - - - - -
Public safety 45,216 - - 47,339 -
Engineering and Transportation - - - - -
Public works - - 233,908 - -
Community services - - 330,064 - -
Economic development - 19,735 - - -
Capital outlay - - - - -
Debt service:

Principal - - - - -
Interest and fiscal charges - - - - -
Total expenditures 45,216 19,735 - 563,972 47,339

REVENUES OVER (UNDER)
EXPENDITURES 5,449 (5,632) (10,630) (95,339) 10,178
OTHER FINANCING SOURCES (USES):

Proceeds from the sale of capital assets - - - - -
Transfers in - - - - -
Transfers out - - - - -
Total other financing
sources and uses - - - - -

REVENUES AND OTHER FINANCING

SOURCES OVER (UNDER)

EXPENDITURES AND OTHER
FINANCING (USES) 5,449 (5,632) (10,630) (95,339) 10,178 FUND BALANCES (DEFICIT):

Beginning of year 77,098 17,454 67,470 (367,892) 51,366.00 End of year 71,466$ $ 22,903 $ 56,840 $ (463,231) $ 61,544 112
ATTACHMENT C ITEM 14
Dept of Community Fire Hydrant
Traffic Used Oil Conservation Facilities Benefit
Safety Grants Grant CMAQ District District
$ - $ - $ - $ 762,107 - $ $ -
- - - - - -
54,472 - - - - -
- - - - - -
- - 1,306,619 - - -
93 127 264 - 1,022 -
- - - - - -
54,565 127 1,306,619 264 763,129 -
- - - - - -
- - - - - -
- - - - - -
- - 1,164 - 8,229 -
- - - - - -
- - - - - -
- - - 2,735,315 - -
- - - - - -
- - - - - -
- - 1,164 2,735,315 8,229 -
54,565 127 (1,428,696) (900) 754,900 -
- - - - - -
- - - - - -
- - - (753,878) - -
- - - (753,878) - -
54,565 127 (1,428,696) (900) 1,022 -
24,853.00 51,995 - (116,810) 12,690.00 129,139
$ 54,565 $ 24,980 $ 51,095 $ (1,545,506) $ 13,712 $ 129,139 (continued)
113
ATTACHMENT C ITEM 14
City of Ceres, California
Combining Statement of Revenues, Expenditures and Changes in Fund Balances Nonmajor Governmental Funds, Continued
For the year ended June 30, 2024
Transportation Public Daniel RiverBluff
Development Facilities Whitmore Regional
Act LLEBG Fees House Park
REVENUES:

Property and other taxes $ - $ - $ - $ - -$
Fines, forfeitures and penalties - - - - -
Charges for services - 159,303 - 2,920 -
Intergovernmental 36,470 - - - -
Use of money and property - (3) 13,946 146 -
Other revenues - - - - -
Total revenues 36,467 - 173,249 3,066 -
EXPENDITURES:

Current:

General government - - - - -
Public safety - 11,089 51,061 - -
Engineering and Transportation - - - - -
Public works - 165,112 - - -
Community services - - 54,644 - -
Economic development - - - - -
Capital outlay 27,558 - - - -
Debt service:

Principal - - - - -
Interest and fiscal charges - - - - -
Total expenditures 27,558 11,089 216,173 54,644 -

REVENUES OVER (UNDER)
EXPENDITURES 25,378 (27,558) (42,924) (54,644) 3,066
OTHER FINANCING SOURCES (USES):

Proceeds from the sale of capital assets - - - - -
Transfers in - - 54,645 - -
Transfers out - - - - -
Total other financing
sources and uses - - 54,645 - -

REVENUES AND OTHER FINANCING

SOURCES OVER (UNDER)

EXPENDITURES AND OTHER
FINANCING (USES) 25,378 (27,558) (42,924) 1 3,066
FUND BALANCES (DEFICIT):

Beginning of year (174,018) 22,321 2,728,063 26,317 (844) End of year $ 47,699 (201,576) $ 2,685,139 $ (843) $ 29,383$ 114
ATTACHMENT C ITEM 14
Ceres Clinton Road SB2 Planning SB 1383 Local
Community Whitmore Maintenance Grants Program Assistance Foundation Mansion Measure L and Rehab Fund Grant CARES Act Totals -$ -$ $ - $ - -$ -$ $ 1,264,082 - $
- - - - - - - 54,472
- - - - - - - 412,660
- - 4,743,270 1,239,552 159,602 131,683 - 9,603,789
721 - 25,323 10,168 - 94 - 87,714
- - - - - - - 6,795
721 - 4,768,593 1,249,720 159,602 131,777 11,429,512 -
- - - 121,528 - - 83,072 207,393
- - - - - - 617,826 939,174
- - 1,999,167 - - - 30,600 2,065,038
- - 332,195 - - 36,387 2,235,688 -
- 13,352 - - - - 608,216 1,006,276
- - - - - - 411 22,249
- - - - - 2,704,299 5,920,785
- - - - - - 116,347 -
- - - - - - - 2,632
- 13,352 1,999,167 332,195 121,528 36,387 4,044,424 12,515,582 721 (13,352) 2,769,426 917,525 38,074 95,390 (4,044,424) (1,086,070) - - - - - - - 224
- - - - - - 54,645 -
- - - - - - (753,878) -
- - - - - - (699,009) -
721 (13,352) 2,769,426 917,525 38,074 95,390 (4,044,424) (1,785,079) 140,631 (134,575) 4,929,863 1,698,745.00 (20,214) 24,624 8,780,004 24,312,672 141,352$ $ (147,927) $ 7,699,289 $ 2,616,270 17,860$ 120,014$ $ 4,735,580 $ 22,527,593 (concluded)
115
ATTACHMENT C ITEM 14
City of Ceres, California
Schedule of Revenues, Expenditures, and Changes in Fund Balances - Budget to Actual Street Expansion Special Revenue Fund
For the year ended June 30, 2024
Variance w/Final
Positive
Original Final Actual (Negative)
REVENUES:

Intergovernmental $ 473,669 473,669 $ 427,768 $ (45,901) Use of money and property 5,000 5,000 12,966 7,966
Total revenues 478,669 478,669 440,734 (37,935)
EXPENDITURES:

Current:

General government 8,822 8,822 2,608 6,214
Engineering and Transportation 20,000 21,306 - 21,306
Capital outlay 8,087 - 7,979 108
Total expenditures 28,822 38,215 10,587 27,628

REVENUES OVER (UNDER)
EXPENDITURES 449,847 440,454 430,147 (10,307)
OTHER FINANCING SOURCES (USES):

Proceeds from the sale of capital assets - - 224 224
Transfers in - - - -
Transfers out - - - -
Total other financing sources (uses) - - 224 224
Net change in fund balances 449,847 440,454 430,371 (10,083) FUND BALANCES:

Beginning of year 2,433,147 2,433,147 2,433,147 -
End of year $ 2,873,601 2,882,994 $ 2,863,518 $ (10,083) $ Budgeted Amounts
116
ATTACHMENT C ITEM 14
City of Ceres, California
Schedule of Revenues, Expenditures, and Changes in Fund Balances - Budget to Actual CDBG Grants Special Revenue Fund
For the year ended June 30, 2024
Variance w/Final
Positive
Original Final Actual (Negative)
REVENUES:

Intergovernmental $ 235,881 235,881 $ 11,066 $ $ (224,815) Use of money and property 1,000 1,000 2,041 1,041
Total revenues 236,881 236,881 13,107 (223,774)
EXPENDITURES:

Current:

Economic development 301,950 301,950 2,103 299,847
Capital outlay 652,271 300,000 328,265 324,006
Total expenditures 601,950 954,221 330,368 623,853

REVENUES OVER (UNDER)
EXPENDITURES (365,069) (717,340) (317,261) 400,079
OTHER FINANCING SOURCES (USES):

Transfers in - - -860.00 (860)
Transfers out - - - -
Total other financing sources (uses) - - (860) (860)
Net change in fund balances (365,069) (717,340) (318,121) 399,219 FUND BALANCES (DEFICIT):

Beginning of year 722,726 722,726 722,726 -
End of year $ 5,386 357,657 $ 404,605 $ 399,219 $
Budgeted Amounts
117
ATTACHMENT C ITEM 14
City of Ceres, California
Schedule of Revenues, Expenditures, and Changes in Fund Balances - Budget to Actual Street Tree Special Revenue Fund
For the year ended June 30, 2024
Variance w/Final
Positive
Original Final Actual (Negative)
REVENUES:

Use of money and property $ 860 860 $ 520 $ $ (340)
Total revenues 860 860 520 (340)
EXPENDITURES:

Current:

Community services - -
Total expenditures - - - -

REVENUES OVER (UNDER)
EXPENDITURES 860 860 520 (340)
Net change in fund balances 860 860 520 (340)
FUND BALANCES:

Beginning of year 101,833 101,833 101,833 -
End of year $ 102,693 102,693 $ 102,353 $ (340) $
Budgeted Amounts
118
ATTACHMENT C ITEM 14
City of Ceres, California
Schedule of Revenues, Expenditures, and Changes in Fund Balances - Budget to Actual Storm Drain Benefit Districts Special Revenue Fund
For the year ended June 30, 2024
Variance w/Final
Positive
Original Final Actual (Negative)
REVENUES:

Property and other taxes $ 15,000 $ 15,000 $ 22,533 $ 7,533 Use of money and property 2,164 2,164 4,859 2,695
Total revenues 17,164 17,164 27,392 10,228
EXPENDITURES:

Engineering and Transportation - 59,729 11,806 47,923
Total expenditures - 59,729 11,806 47,923

REVENUES OVER (UNDER)
EXPENDITURES 17,164 (42,565) 15,586 58,151
Net change in fund balances 17,164 (42,565) 15,586 58,151 FUND BALANCES:

Beginning of year 933,526 933,526 933,526 -
End of year $ 890,961 950,690 $ 949,112 $ 58,151 $
Budgeted Amounts
119
ATTACHMENT C ITEM 14
City of Ceres, California
Schedule of Revenues, Expenditures, and Changes in Fund Balances - Budget to Actual Brown Annex Special Revenue Fund
For the year ended June 30, 2024
Variance w/Final
Positive
Original Final Actual (Negative)
REVENUES:

Property and other taxes $ - $ - $ 6,516 $ 6,516
Total revenues 50 50 6,767 6,717
EXPENDITURES:

Current:

General government - - - -
Total expenditures - - - -

REVENUES OVER (UNDER)
EXPENDITURES 50 50 6,767 6,717
OTHER FINANCING SOURCES (USES):

Transfers in - - - -
Transfers out - -
Total other financing sources (uses) - - - -
Net change in fund balances 50 50 6,767 6,717
FUND BALANCES:

Beginning of year 42,987 42,987 42,987 -
End of year $ 43,037 $ 43,037 $ 49,754 $ 6,717
Budgeted Amounts
120
ATTACHMENT C ITEM 14
City of Ceres, California
Schedule of Revenues, Expenditures, and Changes in Fund Balances - Budget to Actual Eastgate Street Benefit District Special Revenue Fund
For the year ended June 30, 2024
Variance w/Final
Positive
Original Final Actual (Negative)
REVENUES:

Property and other taxes $ - $ - $ 4,293 $ 4,293
Use of money and property 250 250 566 316
Total revenues 250 250 4,859 4,609
EXPENDITURES:

Current:

Engineering and Transportation - 4,502 - 4,502
Total expenditures - 4,502 - 4,502

REVENUES OVER (UNDER)
EXPENDITURES 250 (4,252) 4,859 9,111
OTHER FINANCING SOURCES (USES):

Transfers in - - - -
Transfers out - - - -
Total other financing sources (uses) - - - -
Net change in fund balances 250 (4,252) 4,859 9,111
Residual equity transfer in - - - -
FUND BALANCES:

Beginning of year 106,652 106,652 106,652 -
End of year $ 102,400 106,902 $ 111,511 $ 9,111 $
Budgeted Amounts
121
ATTACHMENT C ITEM 14
City of Ceres, California
Schedule of Revenues, Expenditures, and Changes in Fund Balances - Budget to Actual AB 939 Special Revenue Fund
For the year ended June 30, 2024
Variance w/Final
Positive
Original Final Actual (Negative)
REVENUES:

Intergovernmental $ 14,000 $ 14,000 $ 12,285 $ (1,715)
Use of money and property 2,182 2,182 720 (1,462)
Total revenues 16,182 16,182 13,005 (3,177)
EXPENDITURES:

Current:

Engineering and Transportation 25,456 25,456 8,712 16,744 Public works 56,248 56,270 54,719 1,551
Total expenditures 81,704 81,726 63,431 18,295

REVENUES OVER (UNDER)
EXPENDITURES (65,522) (65,544) (50,426) 15,118
Net change in fund balances (65,522) (65,544) (50,426) 15,118 FUND BALANCES:

Beginning of year 171,128 171,128 171,128 -
End of year $ 105,584 105,606 $ 120,702 $ 15,118 $
Budgeted Amounts
122
ATTACHMENT C ITEM 14
City of Ceres, California
Schedule of Revenues, Expenditures, and Changes in Fund Balances - Budget to Actual Neighborhood Park Fees Special Revenue Fund
For the year ended June 30, 2024
Variance w/Final
Positive
Original Final Actual (Negative)
REVENUES:

Charges for services $ 68,965 $ 68,965 $ 184,161 $ 115,196 Use of money and property 1,500 1,500 6,970 5,470
Total revenues 70,465 70,465 191,131 120,666
EXPENDITURES:

Current:

General government 700 700 185 515
Engineering and Transportation 20,000 20,004 8,865 11,139 Capital outlay 425,134 117,369 307,765 -
Total expenditures 20,700 445,838 126,419 319,419

REVENUES OVER (UNDER)
EXPENDITURES 49,765 (375,373) 64,712 440,085
OTHER FINANCING SOURCES (USES):

Transfers in - -
Transfers out - - - -
Total other financing sources (uses) - - - -
Net change in fund balances 49,765 (375,373) 64,712 440,085 FUND BALANCES:

Beginning of year 1,323,051 1,323,051 1,323,051 -
End of year $ 947,678 1,372,816 $ 1,387,763 $ 440,085 $ Budgeted Amounts
123
ATTACHMENT C ITEM 14
City of Ceres, California
Schedule of Revenues, Expenditures, and Changes in Fund Balances - Budget to Actual BEGIN Grant Special Revenue Fund
For the year ended June 30, 2024
Variance w/Final
Positive
Original Final Actual (Negative)
REVENUES:

Intergovernmental $ - - $ - $ - $
Use of money and property 500 500 2,399 1,899
Total revenues 500 500 2,399 1,899
EXPENDITURES:

Current:

Economic development - - - -
Total expenditures - - - -

REVENUES OVER (UNDER)
EXPENDITURES 500 500 2,399 1,899
Net change in fund balances 500 500 2,399 1,899
FUND BALANCES:

Beginning of year 470,634 470,634 470,634 -
End of year $ 471,134 471,134 $ 473,033 $ 1,899 $
Budgeted Amounts
124
ATTACHMENT C ITEM 14
City of Ceres, California
Schedule of Revenues, Expenditures, and Changes in Fund Balances - Budget to Actual Program Income BEGIN Special Revenue Fund
For the year ended June 30, 2024
Variance w/Final
Positive
Original Final Actual (Negative)
REVENUES:

Use of money and property 1,560 1,560 2,374 814
Total revenues 1,560 1,560 2,374 814
EXPENDITURES:

Current:

Community services -
Total expenditures - - - -

REVENUES OVER (UNDER)
EXPENDITURES 1,560 1,560 2,374 814
OTHER FINANCING SOURCES (USES):

Transfers in - - - -
Transfers out - - -
Total other financing sources (uses) - - - -
Net change in fund balances 1,560 1,560 2,374 814
FUND BALANCES:

Beginning of year 230,200 230,200 - 230,200
End of year $ 231,760 231,760 $ 232,574 $ 814 $
Budgeted Amounts
125
ATTACHMENT C ITEM 14
City of Ceres, California
Schedule of Revenues, Expenditures, and Changes in Fund Balances - Budget to Actual State Gas Tax Special Revenue Fund
For the year ended June 30, 2024
Variance w/Final
Positive
Original Final Actual (Negative)
REVENUES:

Intergovernmental $ 1,388,975 1,388,975 $ 1,329,649 $ (59,326) $ Use of money and property - - 4 4
Other revenues 1,520 1,520 1,597 77
Total revenues 1,390,495 1,390,495 1,331,250 (59,245)
EXPENDITURES:

Current:

Engineering and Transportation 7,239.00 7,239.00 5,888.00 1,351 Public works 1,597,719.00 1,604,216.00 1,403,974.00 200,242 Capital outlay 4,791 - - 4,791
Debt service:

Principal 118,978 118,978 116,347 2,631
Total expenditures 1,723,936 1,735,224 1,528,841 206,383

REVENUES OVER (UNDER)
EXPENDITURES (333,441) (344,729) (197,591) 147,138
OTHER FINANCING SOURCES (USES):

Transfers in - - - -
Total other financing sources (uses) - - - -
Net change in fund balances (333,441) (344,729) (197,591) 147,138 FUND BALANCES (DEFICIT):

Beginning of year (330,421) (330,421) (330,421) -
End of year $ (675,150) (663,862) $ (528,012) $ 147,138 $ Budgeted Amounts
126
ATTACHMENT C ITEM 14
City of Ceres, California
Schedule of Revenues, Expenditures, and Changes in Fund Balances - Budget to Actual SLESF Special Revenue Fund
For the year ended June 30, 2024
Variance w/Final
Positive
Original Final Actual (Negative)
REVENUES:

Intergovernmental $ 100,000 100,000 $ 166,643 $ $ 66,643 Total revenues 100,000 100,000 167,787 67,787
EXPENDITURES:

Current:

Public safety - - 166,643 (166,643)
Total expenditures - 166,643 - (166,643)

REVENUES OVER (UNDER)
EXPENDITURES 100,000 100,000 1,144 (98,856)
OTHER FINANCING SOURCES (USES):

Transfers out (100,000) (100,000) - 100,000
Total other financing sources (uses) (100,000) (100,000) - 100,000 Net change in fund balances - - 1,144 1,144
FUND BALANCES:

Beginning of year 138,929 138,929 138,929 -
End of year $ 138,929 138,929 $ 140,073 $ 1,144 $
Budgeted Amounts
127
ATTACHMENT C ITEM 14
City of Ceres, California
Schedule of Revenues, Expenditures, and Changes in Fund Balances - Budget to Actual Abandoned Vehicle Abatement Special Revenue Fund
For the year ended June 30, 2024
Variance w/Final
Positive
Original Final Actual (Negative)
REVENUES:

Intergovernmental $ 34,000 $ 34,000 $ 39,182 $ 5,182
Use of money and property 645 645 402 (243)
Total revenues 34,645 34,645 39,584 4,939
EXPENDITURES:

Current:

Public safety 77,444 77,444 45,216 32,228
Total expenditures 77,444 77,444 45,216 32,228

REVENUES OVER (UNDER)
EXPENDITURES (42,799) (42,799) (5,632) 37,167
Net change in fund balances (42,799) (42,799) (5,632) 37,167 FUND BALANCES (DEFICIT):

Beginning of year 77,098 77,098 77,098 -
End of year $ 34,299 $ 34,299 $ 71,466 $ 37,167
Budgeted Amounts
128
ATTACHMENT C ITEM 14
City of Ceres, California
Schedule of Revenues, Expenditures, and Changes in Fund Balances - Budget to Actual Seized Property Special Revenue Fund
For the year ended June 30, 2024
Variance w/Final
Positive
Original Final Actual (Negative)
REVENUES:

Use of money and property $ 200 200 $ 276 $ 76 $
Other revenues 250 250 5,173 4,923
Total revenues 450 450 5,449 4,999
EXPENDITURES:

Current:

Public safety - - -
Total expenditures - - - -

REVENUES OVER (UNDER)
EXPENDITURES 450 450 5,449 4,999
OTHER FINANCING SOURCES (USES):

Transfers in - - - -
Transfers out - - -
Total other financing sources (uses) - - - -
Net change in fund balances 450 450 5,449 4,999
FUND BALANCES:

Beginning of year 17,454 17,454 17,454 -
End of year $ 17,904 $ 17,904 $ 22,903 $ 4,999
Budgeted Amounts
129
ATTACHMENT C ITEM 14
City of Ceres, California
Schedule of Revenues, Expenditures, and Changes in Fund Balances - Budget to Actual Downtown Revitalization Special Revenue Fund
For the year ended June 30, 2024
Variance w/Final
Positive
Original Final Actual (Negative)
REVENUES:

Charges for services $ 8,995 $ 8,995 $ 8,784 (211)
Use of money and property 500 500 321 (179)
Total revenues 9,495 9,495 9,105 (390)
EXPENDITURES:

Current:

Economic development 25,991 25,991 19,735 6,256
Total expenditures 25,991 25,991 19,735 6,256

REVENUES OVER (UNDER)
EXPENDITURES (16,496) (16,496) (10,630) 5,866
OTHER FINANCING SOURCES (USES):

Transfers out - -
Total other financing sources (uses) - - - -
Net change in fund balances (16,496) (16,496) (10,630) 5,866 FUND BALANCES:

Beginning of year 67,470 67,470 67,470 -
End of year $ 50,974 $ 50,974 $ 56,840 $ 5,866
Budgeted Amounts
130
ATTACHMENT C ITEM 14
City of Ceres, California
Schedule of Revenues, Expenditures, and Changes in Fund Balances - Budget to Actual Street-Light and Landscape District Special Revenue Fund For the year ended June 30, 2024
Variance w/Final
Positive
Original Final Actual (Negative)
REVENUES:

Property and other taxes $ 430,675 $ 430,675 $ 468,633 $ 37,958 Total revenues 430,675 430,675 468,633 37,958
EXPENDITURES:

Current:

Public works 277,575 277,575 233,908 43,667
Community services 366,971 353,324 330,064 36,907
Total expenditures 630,899 644,546 563,972 80,574

REVENUES OVER (UNDER)
EXPENDITURES (200,224) (213,871) (95,339) 118,532
Net change in fund balances (200,224) (213,871) (95,339) 118,532 FUND BALANCES (DEFICIT):

Beginning of year (367,892) (367,892) (367,892) -
End of year $ (581,763) (568,116) $ (463,231) $ 118,532 $ Budgeted Amounts
131
ATTACHMENT C ITEM 14
City of Ceres, California
Schedule of Revenues, Expenditures, and Changes in Fund Balances - Budget to Actual Traffic Offender Special Revenue Fund
For the year ended June 30, 2024
Variance w/Final
Positive
Original Final Actual (Negative)
REVENUES:

Charges for services $ 53,000 $ 53,000 $ 57,492 $ 4,492 Intergovernmental - - - -
Total revenues 53,000 53,000 57,517 4,517
EXPENDITURES:

Current:

Public safety 80,123 80,123 47,339 32,784
Total expenditures 80,123 80,123 47,339 32,784

REVENUES OVER (UNDER)
EXPENDITURES (27,123) (27,123) 10,178 37,301
Net change in fund balances (27,123) (27,123) 10,178 37,301 FUND BALANCES (DEFICIT):

Beginning of year 51,366 51,366 51,366 -
End of year $ 24,243 $ 24,243 $ 61,544 $ 37,301
Budgeted Amounts
132
ATTACHMENT C ITEM 14
City of Ceres, California
Schedule of Revenues, Expenditures, and Changes in Fund Balances - Budget to Actual Traffic Safety Special Revenue Fund
For the year ended June 30, 2024
Variance w/Final
Positive
Original Final Actual (Negative)
REVENUES:

Fines and forfeitures $ 45,000 $ 45,000 $ 54,472 $ 9,472 Use of money and property - - 93 93
Total revenues 45,000 45,000 54,565 9,565
EXPENDITURES:

Current:

Public safety - - - -
Total expenditures - - - -

REVENUES OVER (UNDER)
EXPENDITURES 45,000 45,000 54,565 9,565
Net change in fund balances 45,000 45,000 54,565 9,565
FUND BALANCES (DEFICIT):

Beginning of year - - - -
End of year $ 45,000 $ 45,000 $ 54,565 $ 9,565
Budgeted Amounts
133
ATTACHMENT C ITEM 14
City of Ceres, California
Schedule of Revenues, Expenditures, and Changes in Fund Balances - Budget to Actual Used Oil Grants Special Revenue Fund
For the year ended June 30, 2024
Variance w/Final
Positive
Original Final Actual (Negative)
REVENUES:

Intergovernmental $ 12,500 $ 12,500 $ - $ (12,500)
Use of money and property 208 208 127 (81)
Total revenues 12,708 12,708 127 (12,581)
EXPENDITURES:

Current:

Engineering and Transportation - -
Public works 13,400 13,400 - 13,400
Total expenditures 13,400 13,400 - 13,400

REVENUES OVER (UNDER)
EXPENDITURES (692) (692) 127 819
Net change in fund balances (692) (692) 127 819
FUND BALANCES:

Beginning of year 24,853 24,853 24,853 -
End of year $ 24,161 $ 24,161 $ 24,980 $ 819
Budgeted Amounts
134
ATTACHMENT C ITEM 14
City of Ceres, California
Schedule of Revenues, Expenditures, and Changes in Fund Balances - Budget to Actual Department of Conservation Grant Special Revenue Fund
For the year ended June 30, 2024
Variance w/Final
Positive
Original Final Actual (Negative)
REVENUES:

Intergovernmental $ - - $ - $ $ -
Use of money and property 617 617 264 (353)
Total revenues 617 617 264 (353)
EXPENDITURES:

Current:

Public works 12,374 12,374 1,164 11,210
Total expenditures 12,374 12,374 1,164 11,210

REVENUES OVER (UNDER)
EXPENDITURES (11,757) (11,757) (900) 10,857
Net change in fund balances (11,757) (11,757) (900) 10,857 FUND BALANCES:

Beginning of year 51,995 51,995 51,995 -
End of year $ 40,238 $ 40,238 $ 51,095 $ 10,857
Budgeted Amounts
135
ATTACHMENT C ITEM 14
City of Ceres, California
Schedule of Revenues, Expenditures, and Changes in Fund Balances - Budget to Actual CMAQ Special Revenue Fund
For the year ended June 30, 2024
Variance w/Final
Positive
Original Final Actual (Negative)
REVENUES:

Intergovernmental $ 1,186,000 1,186,000 $ 1,306,619 $ $ 120,619 Total revenues 1,186,000 1,186,000 1,306,619 120,619
EXPENDITURES:

Current:

Engineering and Transportation 10,765 10,765 - 10,765
Capital outlay 5,402,309 3,669,041 2,735,315 2,666,994
Total expenditures 3,679,806 5,413,074 2,735,315 2,677,759

REVENUES OVER (UNDER)
EXPENDITURES (2,493,806) (4,227,074) (1,428,696) 2,798,378 Net change in fund balances (2,493,806) (4,227,074) (1,428,696) 2,798,378 FUND BALANCES (DEFICIT):

Beginning of year (116,810) (116,810) (116,810) -
End of year $ (4,343,884) (2,610,616) $ (1,545,506) $ 2,798,378 $ Budgeted Amounts
136
ATTACHMENT C ITEM 14
City of Ceres, California
Schedule of Revenues, Expenditures, and Changes in Fund Balances - Budget to Actual Community Facilities District Special Revenue Fund
For the year ended June 30, 2024
Variance w/Final
Positive
Original Final Actual (Negative)
REVENUES:

Property and other taxes $ 721,152 $ 721,152 $ 762,107 $ 40,955 Use of money and property 1,308 1,308 1,022 (286)
Total revenues 722,460 722,460 763,129 40,669
EXPENDITURES:

Current:

Public works - - 8,229 (8,229)
Total expenditures - - 8,229 (8,229)

REVENUES OVER (UNDER)
EXPENDITURES 722,460 722,460 754,900 32,440
OTHER FINANCING SOURCES (USES):

Transfers in - - - -
Transfers out (721,152) (721,152) (753,878) (32,726)
Total other financing sources (uses) (721,152) (721,152) (753,878) (32,726) Net change in fund balances 1,308 1,308 1,022 (286)
FUND BALANCES:

Beginning of year 12,690 12,690 12,690 -
End of year $ 13,998 $ 13,998 $ 13,712 $ (286)
Budgeted Amounts
137
ATTACHMENT C ITEM 14
City of Ceres, California
Schedule of Revenues, Expenditures, and Changes in Fund Balances - Budget to Actual Fire Hydrant Benefit District Special Revenue Fund
For the year ended June 30, 2024
Variance w/Final
Positive
Original Final Actual (Negative)
REVENUES:

Property and other taxes $ - $ - $ - $ -
Total revenues - - - -
EXPENDITURES:

Capital outlay - -
Total expenditures - - - -

REVENUES OVER (UNDER)

EXPENDITURES - - - -
Net change in fund balances - - - -
FUND BALANCES:

Beginning of year 129,139 129,139 - 129,139
End of year $ 129,139 129,139 $ 129,139 $ - $
Budgeted Amounts
138
ATTACHMENT C ITEM 14
City of Ceres, California
Schedule of Revenues, Expenditures, and Changes in Fund Balances - Budget to Actual Transportation Development Act Special Revenue Fund
For the year ended June 30, 2024
Variance w/Final
Positive
Original Final Actual (Negative)
REVENUES:

Intergovernmental $ - - $ - $ $ -
Use of money and property - - - -
Total revenues - - - -
EXPENDITURES:

Current:

Engineering and Transportation 2,500 2,500 - 2,500
Capital outlay 61,347 - 27,558 33,789
Total expenditures 2,500 63,847 27,558 36,289

REVENUES OVER (UNDER)
EXPENDITURES (2,500) (63,847) (27,558) 36,289
Net change in fund balances (2,500) (63,847) (27,558) 36,289 FUND BALANCES (DEFICIT):

Beginning of year (174,018) (174,018) (174,018) -
End of year $ (237,865) (176,518) $ (201,576) $ 36,289 $ Budgeted Amounts
139
ATTACHMENT C ITEM 14
City of Ceres, California
Schedule of Revenues, Expenditures, and Changes in Fund Balances - Budget to Actual LLEBG Special Revenue Fund
For the year ended June 30, 2024
Variance w/Final
Positive
Original Final Actual (Negative)
REVENUES:

Intergovernmental $ - - $ 36,470 $ $ 36,470
Use of money and property 217 217 (3) (220)
Total revenues 217 217 36,467 36,250
EXPENDITURES:

Current:

Public safety 17,262 - 11,089 6,173
Total expenditures - 17,262 11,089 6,173

REVENUES OVER (UNDER)
EXPENDITURES 217 (17,045) 25,378 42,423
Net change in fund balances 217 (17,045) 25,378 42,423
FUND BALANCES:

Beginning of year 22,321 22,321 22,321 -
End of year $ 22,538 $ 5,276 $ 47,699 $ 42,423
Budgeted Amounts
140
ATTACHMENT C ITEM 14
City of Ceres, California
Schedule of Revenues, Expenditures, and Changes in Fund Balances - Budget to Actual Public Facilities Fees Special Revenue Fund
For the year ended June 30, 2024
Variance w/Final
Positive
Original Final Actual (Negative)
REVENUES:

Charges for services $ 55,573 55,628.00 159,303 $ $ 103,675 Use of money and property 10,000 55,628.00 13,946 (41,682) Other revenues - - - -
Total revenues 65,573 111,256 173,249 61,993
EXPENDITURES:

Current:

General government
Public safety 44,044 55,628.00 51,061 4,567
Capital outlay 55,628.00 - 100,000 55,628
Total expenditures 144,044 111,256 51,061 60,195

REVENUES OVER (UNDER)
EXPENDITURES (78,471) 122,188 - 122,188
OTHER FINANCING SOURCES (USES):

Transfers out - - -
Total other financing sources (uses) - - - -
Net change in fund balances (78,471) 122,188 - 122,188
FUND BALANCES:

Beginning of year 2,728,063 2,728,063 2,728,063 -
End of year $ 2,728,063 2,649,592 $ 2,850,251 $ 122,188 $ Budgeted Amounts
141
ATTACHMENT C ITEM 14
City of Ceres, California
Schedule of Revenues, Expenditures, and Changes in Fund Balances - Budget to Actual Daniel Whitmore House Special Revenue Fund
For the year ended June 30, 2024
Variance w/Final
Positive
Original Final Actual (Negative)
REVENUES:

Use of money and property $ - - $ - $ - $
Total revenues - - - -
EXPENDITURES:

Current:

Community services 55,628 55,628 54,644 984
Total expenditures 55,628 55,628 54,644 984

REVENUES OVER (UNDER)
EXPENDITURES (55,628) (55,628) (54,644) 984
OTHER FINANCING SOURCES (USES):

Transfers in 55,628.00 55,628.00 54,645 (983)
Total other financing sources (uses) 55,628 55,628 54,645 (983) Net change in fund balances - - 1 1
FUND BALANCES (DEFICIT):

Beginning of year (844) (844) - (844)
End of year $ (844) (844) $ (843) $ 1 $
Budgeted Amounts
142
ATTACHMENT C ITEM 14
City of Ceres, California
Schedule of Revenues, Expenditures, and Changes in Fund Balances - Budget to Actual RiverBluff Regional Park Special Revenue Fund
For the year ended June 30, 2024
Variance w/Final
Positive
Original Final Actual (Negative)
REVENUES:

Charges for services $ 1,200 $ 1,200 $ 2,920 1,720
Total revenues 1,200 1,200 3,066 1,866
EXPENDITURES:

Current:

Community services - - - -
Total expenditures - - - -

REVENUES OVER (UNDER)
EXPENDITURES 1,200 1,200 3,066 1,866
Net change in fund balances 1,200 1,200 3,066 1,866
FUND BALANCES (DEFICIT):

Beginning of year 26,317 26,317 26,317 -
End of year $ 27,517 $ 27,517 $ 29,383 $ 1,866
Budgeted Amounts
143
ATTACHMENT C ITEM 14
City of Ceres, California
Schedule of Revenues, Expenditures, and Changes in Fund Balances - Budget to Actual Ceres Community Foundation Special Revenue Fund
For the year ended June 30, 2024
Variance w/Final
Positive
Original Final Actual (Negative)
REVENUES:

Use of money and property $ - - $ 721 $ $ 721
Other revenues 0 0 - -
Total revenues - - 721 721
EXPENDITURES:

Current:

General government 6,120 6,120 - 6,120
Total expenditures 6,120 6,120 - 6,120

REVENUES OVER (UNDER)
EXPENDITURES (6,120) (6,120) 721 6,841
OTHER FINANCING SOURCES (USES):

Transfers out - - - -
Total other financing sources (uses) - - - -
Net change in fund balances (6,120) (6,120) 721 6,841
FUND BALANCES:

Beginning of year 140,631 140,631 - 140,631
End of year $ 134,511 134,511 $ 141,352 $ 6,841 $
Budgeted Amounts
144
ATTACHMENT C ITEM 14
City of Ceres, California
Schedule of Revenues, Expenditures, and Changes in Fund Balances - Budget to Actual Clinton Whitmore Mansion Special Revenue Fund
For the year ended June 30, 2024
Variance w/Final
Positive
Original Final Actual (Negative)
REVENUES:

Other revenues $ - $ - $ - $ -
Total revenues - - - -
EXPENDITURES:

Current:

Community services 21,599 21,866 13,352 8,514
Total expenditures 21,599 21,866 13,352 8,514

REVENUES OVER (UNDER)
EXPENDITURES (21,599) (21,866) (13,352) 8,514
Net change in fund balances (21,599) (21,866) (13,352) 8,514 FUND BALANCES (DEFICIT):

Beginning of year (134,575) (134,575) (134,575) -
End of year $ (156,441) (156,174) $ (147,927) $ 8,514 $ Budgeted Amounts
145
ATTACHMENT C ITEM 14
City of Ceres, California
Schedule of Revenues, Expenditures, and Changes in Fund Balances - Budget to Actual Measure L Special Revenue Fund
For the year ended June 30, 2024
Variance w/Final
Positive
Original Final Actual (Negative)
REVENUES:

Intergovernmental $ 1,875,048 1,875,048 $ 4,743,270 $ 2,868,222 $ Use of money and property 8,000 8,000 25,323 17,323
Total revenues 1,883,048 1,883,048 4,768,593 2,885,545
EXPENDITURES:

Current:

General government 6,566 6,566 - 6,566
Engineering and Transportation 6,270,998 12,787,178 1,999,167 10,788,011 Capital outlay 95,609 - - 95,609
Total expenditures 6,277,564 12,889,353 1,999,167 10,890,186

REVENUES OVER (UNDER)
EXPENDITURES (4,394,516) (11,006,305) 2,769,426 13,775,731 OTHER FINANCING SOURCES (USES):

Transfers in - - - -
Transfers out - - - -
Total other financing sources (uses) - - - -
Net change in fund balances (4,394,516) (11,006,305) 2,769,426 13,775,731 FUND BALANCES (DEFICIT):

Beginning of year 4,929,863 4,929,863 4,929,863 -
End of year $ (6,076,442) 535,347 $ 7,699,289 $ 13,775,731 $ Budgeted Amounts
146
ATTACHMENT C ITEM 14
City of Ceres, California
Schedule of Revenues, Expenditures, and Changes in Fund Balances - Budget to Actual Road Maintenance and Rehab Special Revenue Fund
For the year ended June 30, 2024
Variance w/Final
Positive
Original Final Actual (Negative)
REVENUES:

Intergovernmental $ 1,211,242 1,211,242 $ 1,239,552 $ 28,310 $ Use of money and property 4,000 4,000 10,168 6,168
Total revenues 1,215,242 1,215,242 1,249,720 34,478
EXPENDITURES:

Current:

Engineering and Transportation 30,000 30,000 - 30,000
Capital outlay 2,088,539 515,547 - 2,088,539
Total expenditures 545,547 2,118,539 332,195 1,786,344

REVENUES OVER (UNDER)
EXPENDITURES 669,695 (903,297) 917,525 1,820,822
Net change in fund balances 669,695 (903,297) 917,525 1,820,822 FUND BALANCES (DEFICIT):

Beginning of year 1,698,745 1,698,745 1,698,745 -
End of year $ 795,448 2,368,440 $ 2,616,270 $ 1,820,822 $ Budgeted Amounts
147
ATTACHMENT C ITEM 14
City of Ceres, California
Schedule of Revenues, Expenditures, and Changes in Fund Balances - Budget to Actual For the year ended June 30, 2024
Variance w/Final
Positive
Original Final Actual (Negative)
REVENUES:

Intergovernmental $ - $ 159,602 - $ $ 159,602
Use of money and property - - - -
Total revenues - 159,602 - 159,602
EXPENDITURES:

Current:

Public works 105,000 139,787 121,528 18,259
Total expenditures 105,000 139,787 121,528 18,259

REVENUES OVER (UNDER)
EXPENDITURES (105,000) (139,787) 38,074 177,861
Net change in fund balances (105,000) (139,787) 38,074 177,861 FUND BALANCES (DEFICIT):

Beginning of year (20,214) (20,214) (20,214) -
End of year $ (160,001) (125,214) $ 17,860 $ 177,861 $
Budgeted Amounts
SB2 Planning Grants Program Special Revenue Fund
148
ATTACHMENT C ITEM 14
City of Ceres, California
Schedule of Revenues, Expenditures, and Changes in Fund Balances - Budget to Actual SB 1383 Special Revenue Fund
For the year ended June 30, 2024
Variance w/Final
Positive
Original Final Actual (Negative)
REVENUES:

Intergovernmental $ - - $ 131,683 $ 131,683 $
Use of money and property - - 94 94
Total revenues - 131,777 - 131,777
EXPENDITURES:

Current:

General government 37,158 37,158 36,387 771
Total expenditures 37,158 37,158 36,387 771

REVENUES OVER (UNDER)
EXPENDITURES (37,158) (37,158) 95,390 132,548
OTHER FINANCING SOURCES (USES):

Transfers in - - - -
Transfers out - - - -
Total other financing sources (uses) - - - -
Net change in fund balances (37,158) (37,158) 95,390 132,548 FUND BALANCES (DEFICIT):

Beginning of year 24,624 24,624 24,624 -
End of year $ (12,534) (12,534) $ 120,014 $ 132,548 $
Budgeted Amounts
149
ATTACHMENT C ITEM 14
City of Ceres, California
Schedule of Revenues, Expenditures, and Changes in Fund Balances - Budget to Actual CARES Act Special Revenue Fund
For the year ended June 30, 2024
Variance w/Final
Positive
Original Final Actual (Negative)
REVENUES:

Intergovernmental $ - - $ - $ - $
Use of money and property - - - -
Total revenues - - - -
EXPENDITURES:

Current:

General government 469,751 - 83,072 386,679
Public safety 1,457,202 106,651 617,826 839,376
Engineering and Transportation - 57,961 30,600 27,361
Community services 1,272,465 131,907 608,216 664,249
Economic development 151,280 - 411 150,869
Capital outlay 4,525,569 - 2,704,299 1,821,270
Total expenditures 238,558 7,934,228 4,044,424 3,889,804

REVENUES OVER (UNDER)
EXPENDITURES (238,558) (7,934,228) (4,044,424) 3,889,804 OTHER FINANCING SOURCES (USES):

Transfers in - - - -
Transfers out - -
Total other financing sources (uses) - - - -
Net change in fund balances (238,558) (7,934,228) (4,044,424) 3,889,804 FUND BALANCES (DEFICIT):

Beginning of year 8,780,004 8,780,004 8,780,004 -
End of year $ 845,776 8,541,446 $ 4,735,580 $ 3,889,804 $ Budgeted Amounts
150
ATTACHMENT C ITEM 14
Fund
Equipment Revolving
Information Technology
Risk Management
Building Maintenance
Accounts for the cost of providing workers' compensation and liability insurance coverage on a City-wide basis.

Accounts for the activities of building maintenance, custodial service, and building modification projects on a City-wide basis.

INTERNAL SERVICE FUNDS
Description
Internal Service Funds are used to account for special activities and services performed by a designated City department for other departments on a cost reimbursement basis.

Accounts for the operation, maintenance, and replacement of City equipment.

Accounts for costs associated with maintaining the City's information systems.
151
ATTACHMENT C ITEM 14
City of Ceres, California
Statement of Fund Net Position
Internal Service Funds
June 30, 2024
Equipment Information Risk Building
Revolving Technology Management Maintenance Totals
ASSETS
Current assets:

Cash and investments 2,406,419 $ 722,907 $ 1,690,842 $ 1,387,468 $ 6,207,636 $ Accounts receivable 137,370 - - - 137,370
Total current assets 2,543,789 722,907 1,690,842 1,387,468 6,345,006 Noncurrent assets:

Property, plant and equipment 10,660,091 443,992 433,336 - 11,537,419 Less accumulated depreciation (5,910,192) (332,373) (199,326) - (6,441,891) Total noncurrent assets 4,749,899 111,619 234,010 - 5,095,528 Total assets $ 7,293,688 $ 834,526 $ 1,690,842 $ 1,621,478 $ 11,440,534

LIABILITIES AND NET POSITION
Liabilities:

Current liabilities:

Accounts payable and accrued liabilities $ 193,291 $ 3,150 - $ 7,282$ $ 203,723 Due to other funds - - 235 - 235
Total current liabilities 193,291 - 3,385 7,282 203,958 Noncurrent liabilities:

Compensated absences 40,631 - 65,053 - 105,684
Liability for claims - - 1,670,901 - 1,670,901
Total noncurrent liabilities 40,631 1,670,901 - 65,053 1,776,585 Total liabilities 233,922 1,674,286 - 72,335 1,980,543
Net Position:

Net investment in capital assets 4,749,899 111,619 - 234,010 5,095,528 Unrestricted net position (deficit) 2,309,867 722,907 16,556 1,315,133 4,364,463 Total net position 7,059,766 834,526 16,556 1,549,143 9,459,991 Total liabilities and net position $ 7,293,688 $ 834,526 $ 1,690,842 $ 1,621,478 $ 11,440,534 152
ATTACHMENT C ITEM 14
City of Ceres, California
Statement of Revenues, Expenses, and Changes in Fund Net Position Internal Service Funds
For the year ended June 30, 2024
Equipment Information Risk Building
Revolving Technology Management Maintenance Totals
OPERATING REVENUES:

Interdepartmental charges $ 2,648,918 $ 1,062,501 $ 2,783,127 $ 1,695,086 $ 8,189,632 Other 464 - 5,240 780 6,484
Total operating revenues 2,649,382 1,062,501 2,788,367 1,695,866 8,196,116 OPERATING EXPENSES:

Salaries and benefits 570,807 637,258 770,007 - 1,978,072 Contractual and other services 406,282 184,829 329,803 - 920,914 Materials and supplies 554,240 57,956 125,497 - 737,693 Depreciation 762,039 30,669 32,336 - 825,044
Other operating costs 3,813 14,779 2,872,595 51,196 2,942,383 Total operating expenses 2,297,181 925,491 2,872,595 1,308,839 7,404,106 OPERATING INCOME (LOSS) 352,201 137,010 (84,228) 387,027 792,010 NONOPERATING REVENUE (EXPENSE):

Investment earnings 4,516 934 1,582 2,544 9,576
Gain on sale of assets 50,424 - - 50,424 -
Transfers in (out) - - - - -
Total non-operating revenue 54,940 934 1,582 2,544 60,000 CHANGE IN NET POSITION 407,141 137,944 (82,646) 389,571 852,010 NET POSITION (DEFICIT):

Beginning of year 6,652,625 696,582 99,202 1,159,572 8,607,981 End of year $ 7,059,766 $ 834,526 $ 16,556 $ 1,549,143 $ 9,459,991 153
ATTACHMENT C ITEM 14
City of Ceres, California
Combining Statement of Cash Flows
Internal Service Funds
For the year ended June 30, 2024
Equipment Information Risk Building
Revolving Technology Management Maintenance Totals
CASH FLOWS FROM OPERATING ACTIVITIES:

Cash received from other funds for services 2,694,335 $ 1,062,501 $ 2,783,127 $ 1,695,086 $ 8,235,049 $ Cash received from loss claim recoveries - - 5,240 - 5,240 Cash payments to suppliers for goods and services (1,062,824) (260,608) (515,984) - (1,839,416) Cash payments to employees for services (568,371) (637,258) (776,560) - (1,982,189) Cash payments for loss claims - (2,761,209) - (2,761,209) - Net cash provided (used) by operating activities 1,063,140 164,635 27,158 402,542 1,657,475 CASH FLOWS FROM NONCAPITAL FINANCING ACTIVITIES:

Transfers received (paid) - - - - -
Net cash provided by noncapital financing activities - - - - -

CASH FLOWS FROM CAPITAL AND RELATED
FINANCING ACTIVITIES:

Acquisition and construction of capital assets (1,049,935) - (68,531) - (1,118,466) Proceeds from sale of capital assets 50,424 - - 50,424 - Net cash (used) by capital and related financing activities (999,511) - (68,531) - (1,068,042) CASH FLOWS FROM INVESTING ACTIVITIES:

Interest earning 4,516 934 1,582 2,544 9,576
Net increase in cash and cash equivalents 68,145 165,569 28,740 336,555 599,009 CASH AND CASH EQUIVALENTS:

Beginning of year 2,338,274 557,338 1,662,102 1,050,913 5,608,627 End of year $ 2,406,419 $ 722,907 $ 1,690,842 $ 1,387,468 $ 6,207,636 Reconciliation of income (loss) from operations to net
cash provided (used) by operating activities:

Income (loss) from operations $ 352,201 $ 137,010 $ (84,228) $ 387,027 $ 792,010 Adjustments to reconcile income (loss) from operations
to net cash provided (used) by operating activities:

Depreciation 762,039 30,669 32,336 - 825,044
(Increase) decrease in current assets:

Accounts receivable 44,953 - - 44,953 -
Increase (decrease) in liabilities:

Accounts payable and accrued liabilities (98,489) (3,044) (2,244) (10,268) (114,045) Compensated absences 2,436 - (6,553) - (4,117)
Increase (decrease) in claims liability - noncurrent - 113,630 - 113,630 - Net cash provided (used) by operating activities $ 1,063,140 $ 164,635 $ 27,158 $ 402,542 $ 1,657,475 154
ATTACHMENT C ITEM 14
Fund
Private Purpose Trust Funds
Former Ceres Redevelopment Agency
Successor Agency - Non-Housing
Successor Agency - Housing
Former Stanislaus-Ceres Redevelopment Commission
Successor Agency - Non-Housing
Successor Agency - Housing
Accounts for funds collected and disbursed for the
dissolution of the former Stanislaus-Ceres
Redevelopment Commission related to Administration
and Retirement of enforceable obligations.

Accounts for funds collected and disbursed for the
dissolution of the former Stanislaus-Ceres
Redevelopment Commission's housing related debts.

TRUST AND AGENCY FUNDS
Description
Accounts for funds collected and disbursed for the
dissolution of the former Ceres Redevelopment Agency
related to Administration and Retirement of enforceable obligations.

Accounts for funds collected and disbursed for the
dissolution of the former Ceres Redevelopment Agency's
housing related debts.
155
ATTACHMENT C ITEM 14
City of Ceres, California
Combining Statement of Net Position
Private Purpose Trust Funds
June 30, 2024
Totals
Non-Housing Housing Non-Housing Housing

ASSETS AND DEFERRED OUTFLOWS OF

RESOURCES
Current assets:

Cash and investments $ 4,147,836 $ 1,392,814 -$ -$ 5,540,650 $ Cash and investments with trustee/fiscal agent 2,061,500 - - - 2,061,500 Accounts receivable - 100,533 118,049.00 - 218,582
Due from other funds 102,804 - - - 102,804
Total current assets 6,412,673 1,392,814 118,049 - 7,923,536 Non-Current assets:

Advances to other funds 1,826,680 - - - 1,826,680
Long-term loans receivable - 1,421,849 - 192,522 1,614,371 Construction in progress 12,500,147 - - - 12,500,147
Total Non-current assets 12,500,147 3,248,529 - 192,522 15,941,198 Total assets 18,912,820 4,641,343 118,049 192,522 23,864,734 Deferred outflows: Pension plan 73,877 87,061 - - 160,938 Total assets and deferred outflows $ 4,641,343 18,986,697 $ 205,110$ 192,522$ 24,025,672

LIABILITIES, DEFERRED INFLOWS OF

RESOURCES AND NET POSITION
Current liabilities:

Accounts payable and accrued liabilities $ - $ - -$ -$ $ - Due to other funds - 102,804 - 102,804
Interest payable - 8,591 - - 8,591
Compensated absences - current 9,980 9,095 19,075
Current portion of long term debt 1,759,687 70,000 - - 1,829,687 Total current liabilities 1,769,667 8,591 181,899 - 1,960,157 Long-term liabilities:

Advances from Stanislaus County - - 266,702 - 266,702
Advances from City of Ceres General Fund - 531,494 - - 531,494 Advances from other funds 1,826,680 - - - 1,826,680
Due after one year 23,380,204 540,000 - - 23,920,204
Net pension liability 173,695 156,367 - - 330,062
Total long-term liabilities 25,380,579 1,494,563 - - 26,875,142 Total liabilities 27,150,246 1,676,462 8,591 - 28,835,299 Deferred inflows: Pension plan 30,984 27,108 - - 58,092 Total liabilities and deferred inflows 8,591 27,181,230 1,703,570 - 28,893,391 Net Position (Deficit):

Net position held in trust for
Redevelopment Dissolution (8,194,533) 4,632,752 (1,498,460) 192,522 (4,867,719) Total liabilities, deferred inflows, and net
position $ 18,986,697 $ 4,641,343 205,110$ 192,522$ $ 24,025,672 Successor Agency Successor Agency
Former Ceres Redevelopment Agency
Former Stanislaus - Ceres
Redevelopment Commission
156
ATTACHMENT C ITEM 14
City of Ceres, California
Combining Statement of Changes in Fiduciary Net Position Private Purpose Trust Funds
For the year ended June 30, 2024
Totals
Non-Housing Housing Non-Housing Housing
ADDITIONS:

Property taxes 2,572,908 $ - $ 168,527 $ - $ 2,741,435 $ Investment earnings - 6,428 - - 6,428
Other revenue - 127,094 - - 127,094
Gain on debt refunding - - - - -
Transfers in - - - - -
Total additions 133,522 2,572,908 168,527 - 2,874,957
DEDUCTIONS:

General and administrative 61,155 - 22,916 - 84,071
Salaries and benefits 193,041 - 122,849 - 315,890
Contractual and other services 24,813 - 8,865 - 33,678
Materials and supplies - - 16 - 16
Interest and debt service expenses 640,488 - 42,959 - 683,447 Total deductions - 919,497 197,605 - 1,117,102
CHANGE IN FIDUCIARY NET POSITION 133,522 1,653,411 (29,078) - 1,757,855 NET POSITION (DEFICIT):

Beginning of year 4,499,230 (1,469,382) (9,847,944) 192,522 (6,625,574) End of year $ 4,632,752 (8,194,533) $ (1,498,460) $ 192,522 $ (4,867,719) $ Former Ceres Redevelopment Agency
Former Stanislaus - Ceres
Redevelopment Commission
Successor Agency Successor Agency
157
ATTACHMENT C ITEM 14
This page intentionally left blank.
158
ATTACHMENT C ITEM 14

CITY OF CERES

GANN APPROPRIATIONS LIMIT SCHEDULE

FOR THE YEAR ENDED
JUNE 30, 2024
ATTACHMENT D ITEM 14
City of Ceres
Gann Appropriations Limit Schedule
For the year ended June 30, 2024
Table of Contents
Page
Independent Accountants’ Report on Applying Agreed-Upon Procedures ........................................... 1-2 Gann Appropriations Limit Schedule…………………………………………........................................3 ATTACHMENT D ITEM 14
7080 Donlon Way, Suite 204, Dublin, CA 94568 ● phone (925) 556-6200 ● fax: (707) 232-6226 1102 South Main Street, #1, Fort Bragg, CA 95437 ● phone (707) 964-6325 www.jjacpa.com
INDEPENDENT ACCOUNTANTS’ REPORT ON APPLYING AGREED-UPON

PROCEDURES
The Honorable City Council
City of Ceres
Ceres, California
We have applied the procedures enumerated below to the accompanying Appropriations Limit Schedule of the City of Ceres (the “City”) for the fiscal year ended June 30, 2024. These procedures, which were agreed to by the City and the League of California Cities (as presented in the publication entitled Agreedupon Procedures Applied to the Appropriations Limitation Prescribed by Article XIII-B of the California Constitution), were performed solely to assist the City in meeting the requirements of Section 1.5 of Article XIII-B of the California Constitution. The City’s management is responsible for the Appropriations Limit Schedule. This agreed-upon procedures engagement was conducted in accordance with attestation standards established by the American Institute of Certified Public Accountants. The sufficiency of these procedures is solely the responsibility of those parties specified in the report.

Consequently, we make no representation regarding the sufficiency of the procedures described below either for the purpose for which this report has been requested or for any other purpose.

The procedures performed and our findings were as follows:

1. We obtained the completed worksheets used by the City to calculate its Appropriations Limit for the fiscal year ended June 30, 2024 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 in the aforementioned worksheets 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 Schedule, we added line A, last year’s limit, to line E, total adjustments and compared the resulting amount to line F, this year’s limit.

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

3. We compared the current year information presented in the accompanying Appropriations Limit Schedule to the other worksheets described in No. 1 above.

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

ATTACHMENT D ITEM 14
Page – 2 – Findings (continued)

4. We compared the prior year appropriations limit, presented in the accompanying Appropriations Limit Schedule, to the prior year appropriations limit adopted by the City Council for the prior year.

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

We were not engaged to and did not conduct an examination, the objective of which would be the expression of an opinion on the accompanying Appropriations Limit Schedule. Accordingly, we do not express such an opinion. Had we performed additional procedures, other matters might have come to our attention that would have been reported to you. No procedures have been performed with respect to the determination of the appropriation limit for the base year, as defined by Article XIII-B of the California Constitution.

ATTACHMENT D ITEM 14

CITY OF CERES
Gann Appropriations Limit Schedule
For the year ended June 30, 2024
Amount Source
A. Appropriations limit for the year ended June 30, 2023 $78,603,186 Prior year schedule B. Calculation Factors:

1. Population Increase % 0.9901 State Department of Finance

2. Inflation Increase % 1.0444 State Department of Finance

3. Total adjustment factor 1.0341 B1 * B2
C. Annual Adjustment Increase 2,680,369 [(B3-1)A1)]
D. Other Adjustments
Assumed responsibility (+) N/A
E. Total Adjustments $2,680,369 (C+D)
F. Appropriations limit for the year ended June 30, 2024 $81,283,555 (A+E) 3 ATTACHMENT D ITEM 14
ITEM 14

CITY OF CERES

REPORT ON COMPLIANCE WITH

STANISLAUS COUNTY MEASURE H

FOR FIRE AND POLICE PUBLIC PURPOSES
FOR THE YEAR ENDED JUNE 30, 2024
ATTACHMENT E ITEM 14
City of Ceres
Measure H Compliance Report
For the year ended June 30, 2024
Table of Contents
Page
Independent Accountant’s Report on Applying Agreed-Upon Procedures…….……………………...1 Financial Statements:

Balance Sheet ................................................................................................................................... 4 Statement of Revenues, Expenditures and
Changes in Fund Balances ......................................................................................................... 5 Notes to Financial Statements ......................................................................................................... 6 Supplementary Information:

Schedule of Revenues, Expenditures and Changes in Fund Balances - Budget and Actual ................................................................................................................... 11 Note to Supplementary Information .............................................................................................. 12 ATTACHMENT E ITEM 14
7080 Donlon Way, Suite 204, Dublin, CA 94568 ● phone (925) 556-6200 ● fax: (707) 242-7392 1102 South Main Street, #1, Fort Bragg, CA 95437 ● phone (707) 964-6325 www.jjacpa.com
Independent Accountant’s Report on Applying Agreed-Upon Procedures To the Honorable Mayor and Members of City Council
of the City of Ceres
Ceres, California
We have performed the procedures enumerated below, which were agreed to by the management of the City of Ceres (City), solely to assist you with compliance with the reporting requirements of the Stanislaus County Initiative Measure H (Initiative) requirements for the year ended June 30, 2024. The City’s management is responsible for the financial information included in this report and the compliance with the Stanislaus County Measure H Funds use of funds. This agreed-upon procedures engagement was conducted in accordance with attestation standards established by the American Institute of Certified Public Accountants. The sufficiency of these procedures is solely the responsibility of the parties specified in this report. Consequently, we make no representation regarding the sufficiency of the procedures described below either for the purpose for which this report has been requested or for any other purpose. a. Verified the appropriateness of personnel and support costs, including equipment purchases, using the City’s policies and procedures as the standard for verification.

Findings: No exceptions were noted.
b. Determined that the Balance Sheet and Schedule of Changes in Fund Balance are an accurate reflection of information contained in the City’s records.

Findings: No exceptions were noted.
c. Determined that revenues from the Measure H Funds for the period are included in the Schedule of Changes in Fund Balance even if they were deposited by the City after the end of the period (i.e., treats revenues from Measure H on a modified accrual basis).

Findings: No exceptions were noted.
d. Determined that personnel time charged to the program were expended only for fire and police services.

Findings: No exceptions were noted.
e. Determined that personnel expenses charged to the program are limited to personnel funded by the Initiative for the purposes stated in d above.

Findings: No exceptions were noted.

ATTACHMENT E ITEM 14
Page – 2 – Findings (continued)
f. Determined that direct charges to Measure H Funds are not also included in indirect costs (i.e., space charges) also charged to the Fund.

Findings: No exceptions were noted.
g. Determined that equipment purchases made with Measure H Funds are only for items specifically approved by the Initiative in the City’s budget.

Findings: No exceptions were noted.
h. Determined that equipment purchased with Measure H Funds is in the custody and use of the personnel funded by Measure H.

Findings: No exceptions were noted.
i. Identified non-compliance with applicable statute, regulation, City policy, or Initiative requirements, and any questionable or disallowed amounts received for the period.

Findings: No exceptions were noted.

Had we performed additional procedures, other matters might have come to our attention that would have been reported to you.

This report is intended solely for the information and use of City management, the City Council, others within the entity, and Stanislaus County or other applicable governmental entities and is not intended to be and should not be used by anyone other than these specified parties. ]]TVcT? \ÇvA
February 24, 2026 JJACPA, Inc.

Dublin, CA
ATTACHMENT E ITEM 14

FINANCIAL STATEMENTS
3 ATTACHMENT E ITEM 14
City of Ceres
Measure H Fund
Balance Sheet
June 30, 2024

ASSETS 2024
Assets:

Cash $ -
Taxes receivable 875,174
Total assets $ 875,174

LIABILITIES AND FUND BALANCE
Liabilities:

Accounts payable $ 220,406
Due to City of Ceres 413,401
Total liabilities 633,807
Fund Balance:

Restricted for fire and police public services 241,367
Total fund balance 241,367
Total liabilities and fund balance $ 875,174
The accompanying notes are an integral part of these financial statements. 4 ATTACHMENT E ITEM 14
City of Ceres
Measure H Fund
Statement of Revenues, Expenditures, and Changes in Fund Balances For the year ended June 30, 2024
2024
REVENUES:

Sales tax $ 4,712,676
Use of money and property 137
Other revenues 980
Total revenues 4,713,793
EXPENDITURES:

Payroll and related costs 2,535,256
Contractual services 2,507,045
Materials and supplies 609,808
Total expenditures 5,652,109

REVENUES OVER (UNDER)
EXPENDITURES (938,316)
OTHER FINANCING SOURCES (USES):

Transfers in -
Transfers out (152,000)
Total other financing sources (uses) (152,000)
Net change in fund balances (1,090,316)
FUND BALANCES:

Beginning of year 1,331,683
End of year $ 241,367
The accompanying notes are an integral part of these financial statements. 5 ATTACHMENT E ITEM 14
City of Ceres
Measure H Compliance Report
For the year ended June 30, 2024
Notes to Financial Statements
6 1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
A. Reporting Entity
All transactions of the Measure H Fund of the City of Ceres (City) are included as a separate special revenue fund in the basic financial statements of the City. The Measure H Fund is used to account for the City’s share of revenues earned and expenditures incurred under Measure H. The accompanying financial statements are for the Measure H Fund only and are not intended to fairly present the financial position of the City and the results of its operations.

B. Basis of Accounting and Measurement Focus
The accompanying financial statements are prepared on the modified accrual basis of accounting.

Revenues are generally recorded when measurable and available, and expenditures are recorded when the related liabilities are incurred.

The accounting and financial reporting treatment applied to a fund is determined by its measurement focus. All governmental funds are accounted for using a current financial resources measurement focus, wherein only current assets and current liabilities generally are included on the balance sheet.

Operating statements of governmental funds present increases (revenues and other financing sources) and decreases (expenditures and other financing uses) in net current assets.

C. Description of Funds
The accounts are maintained using fund accounting. A fund is a separate accounting entity with a selfbalancing set of accounts.

The City uses a special revenue fund to account for financial resources received from the half cent sales tax provision of Measure H. These funds are to be used towards salaries and benefits, and the obtaining, furnishing, operating, and/or maintaining of fire and police public services.

D. Fund Balance
Fund balance consists of only restricted amounts. Restricted amounts consist of resources that are subject to externally enforceable legal restrictions imposed by parties altogether outside the government.

ATTACHMENT E ITEM 14
City of Ceres
Measure H Compliance Report
For the year ended June 30, 2024
Notes to Financial Statements, Continued
7 1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES, Continued E. Cash and Investments
The Measure H Fund pools its cash with the City. The City pools cash resources from all funds in order to facilitate the management of cash and achieve the goal of obtaining the highest yield with the greatest safety and least risk. The balance in the pooled cash account is available to meet current operating requirements. Cash in excess of current requirements is invested in various interest-bearing accounts and other investments for varying terms.

Highly liquid market investments with maturities of one year or less at time of purchase are stated at amortized cost. All other investments are stated at fair value. Market value is used as fair value for those securities for which market quotations are readily available. Interest earned on investments is allocated to all funds on the basis of monthly cash and investment balances. The Measure H Fund, through the City pool, participates in an investment pool managed by the State of California titled Local Agency Investment Fund (LAIF), which has invested a portion of the pool funds in Structured Notes and Asset-Backed Securities (See Note 2D). LAIF’s investments are subject to credit risk with the full faith and credit of the State of California collateralizing these investments. In addition, these Structured Notes and Asset-Backed Securities are subject to market risk as to change in interest rates.

F. Receivables
Receivables represent the sales tax revenues due from the California State Board of Equalization.

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

2. CASH AND INVESTMENTS
A. Summary of Cash and Investments
The Measure H Fund participates in the City’s cash and investment pool that includes all other City funds, which the City Treasurer invests to enhance interest earnings. The pooled interest earned is allocated to each fund based on average month-end and investment balances in these funds. The Measure H Fund had cash and investments balance of $0 at June 30, 2024.

ATTACHMENT E ITEM 14
City of Ceres
Measure H Compliance Report
For the year ended June 30, 2024
Notes to Financial Statements, Continued
8 2. CASH AND INVESTMENTS, Continued
A. Summary of Cash and Investments, Continued
The California Government Code requires California banks and savings and loan associations to secure cash deposits by pledging securities as collateral. This Code states that collateral pledged in this manner shall have the effect of perfecting a security interest in such collateral superior to those of a general creditor. Thus, collateral for cash deposits is considered to be held in the City’s name. The market value of pledged securities must equal at least 110% of the City’s cash deposits. California law also allows institutions to secure City deposits by pledging first trust deed mortgage notes having a value of 150% of the City’s total cash deposits. The City may waive collateral requirements for cash deposits which are fully insured up to $250,000 by the Federal Deposit Insurance Corporation.

B. Investments
The investments made by the City Treasurer are limited to those allowable under State statutes as incorporated into the City’s Investment Policy, which is more conservative than State statutes. Under provisions of this policy, the City is authorized to invest in the following types of investments:

Medium-term Corporate Notes Government Agency Securities Certificates of Deposit Treasury Bills and Notes
Bankers' Acceptances Passbook Savings Accounts
Commercial Paper State of California Local Agency Investment Fund Repurchase Agreements
C. Risk Disclosure
Interest Rate Risk: As a means of limiting its exposure to fair value losses arising from rising interest rates, the City’s investment policy provides that final maturities of securities cannot exceed five years.

Specific maturities of investments depend on liquidity needs. At June 30, 2024, the City’s pooled cash and investments had the following maturities:

Maturity Percentage of Investment
Less than one year 100%
Credit Risk: It is the City’s policy that commercial paper has a rating of “A-1” or higher by a nationally recognized statistical rating organization (NRSRO) and have a maturity date not exceeding 180 days from the date of purchase. Medium-term notes, with a final maturity not exceeding five years from the date of purchase, must have a rating of A or the equivalent by a NRSRO. Federal instrumentalities must have a rating of AAA or the equivalent by a NRSRO at the time of purchase with a maximum maturity of five years at the time of purchase. LAIF has a separate investment policy, governed by Government Code Sections 16480-16481.2, that provides credit standards for its investments.

ATTACHMENT E ITEM 14
City of Ceres
Measure H Compliance Report
For the year ended June 30, 2024
Notes to Financial Statements, Continued
9 2. CASH AND INVESTMENTS, Continued
C. Risk Disclosure, Continued
Custodial Credit Risk: For an investment, custodial credit risk is the risk that, in the event of the failure of the counter party, 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 currently has no security investments other than LAIF.

D. External Investment Pool – Local Agency Investment Fund The City’s investments with LAIF at June 30, 2024, included a portion of the pool funds invested in Structured Notes and Asset-Backed Securities. These investments may include the following:

Structured Notes - debt securities (other than Asset-Backed Securities) whose cash-flow characteristics (coupon rate, redemption amount, or stated maturity) depend upon one or more indices and/or that have embedded forwards or options.

Asset-Backed Securities - generally mortgage-backed securities which entitle their purchasers to receive a share of the cash flows from a pool of assets such as principal and interest repayments from a pool of mortgages (such as Collateralized Mortgage Obligations) or credit card receivables.

The City is a voluntary participant in California Local Agency Investment Fund (LAIF), which is regulated by California Government Code Section under the oversight of the Local Investment Advisory Board (Board). The Board consists of five members as designated by state statute and is chaired by the State Treasurer who is responsible for day-to-day administration of LAIF. The total amount invested by all public agencies as of June 30, 2024 was $21,974,159,650 of which the City had a balance of $4,778,124. LAIF is part of the California Pooled Money Investment Account (PMIA), which at June 30, 2024 has a portfolio with market valuation of $179,046,993,600. Of the total invested, 97.00% was invested in non-derivative financial products and 3.00% in structured notes and asset-backed securities. The fair value of the City’s investment in this pool is reported in the accompanying financial statements at amounts based upon the City’s pro-rata share of the fair value provided by LAIF for the entire LAIF portfolio (in relation to the amortized cost of that portfolio). The balance available for withdrawal is based on the accounting records maintained by LAIF, which are recorded on an amortized cost basis.

ATTACHMENT E ITEM 14
10 SUPPLEMENTARY INFORMATION
ATTACHMENT E ITEM 14
City of Ceres
Measure H Fund
Statement of Revenues, Expenditures, and Changes in Fund Balance - Budget and Actual For the year ended June 30, 2024
Variance
Original Final Positive
Budget Budget Actual (Negative)
REVENUES:

Sales tax $ 4,952,917 $ 4,952,917 $ 4,712,676 $ (240,241) Investment income 4,300 4,300 137 (4,163)
Other revenue - - 980 980
Total revenues 4,957,217 4,957,217 4,713,793 (243,424)
EXPENDITURES:

Payroll and related costs 3,390,315 3,389,735 2,535,256 854,479 Contractual services 2,645,160 2,646,710 2,507,045 139,665 Materials and supplies 686,193 686,218 609,808 76,410
Total expenditures 6,721,668 6,722,663 5,652,109 1,070,554

REVENUES OVER (UNDER)
EXPENDITURES (1,764,451) (1,765,446) (938,316) 827,130
OTHER FINANCING SOURCES (USES):

Operating transfers in - - - -
Operating transfers out (152,000) (152,000) (152,000) - Total other financing sources (uses) (152,000) (152,000) (152,000) -

REVENUES OVER (UNDER) EXPENDITURES
AND OTHER FINANCING (USES) (1,090,316)
FUND BALANCES:

Beginning of year 1,331,683
End of year $ 241,367
11 ATTACHMENT E ITEM 14
City of Ceres
Measure H Compliance Report
For the year ended June 30, 2024
Note to Supplementary Information
12 A. Budget
An annual budget is adopted by City Council for the special revenue funds. The budget is the maximum authorization for spending in a fiscal year. An encumbrance system is used to record commitments and obligations incurred throughout the year to ensure the budget authorization is not exceeded. The budget is developed for the Special Revenue Funds using the modified accrual basis of accounting. Amendments to the approved budget are approved by City Council. Supplemental appropriations are authorized by City Council during the year. All unencumbered budget appropriations lapse at the end of each fiscal year. Encumbrances for significant capital projects are reappropriated as part of the following year’s budget. Outstanding encumbrances are committed in fund balance. At the fund level, expenditures may not legally exceed appropriations.

ATTACHMENT E ITEM 14

COUNCIL AGENDA REPORT

CITY COUNCIL
Javier Lopez, Mayor
James Casey, Dist.1
Rosalinda L. Vierra, Dist. 2
Cerina Otero, Dist. 3
Daniel A. Martinez, Dist. 4
MEETING DATE: April 13, 2026
TO: Mayor and City Council
FROM: Trenton Johnson, Acting City Manager
CONTACT: Trenton Johnson, Acting City Manager
[email protected], (209) 538-5725
SUBJECT: Resolution No. 2026-XXX, Approving Revisions to the Council Donation Policy Adopted on October 27, 2025, through Resolution 2025-130
RECOMMENDED COUNCIL ACTION:

Staff recommends Council approve the proposed revisions to the Council Donation Policy adopted on October 27, 2025, through Resolution 2025-130.

I. BACKGROUND:

The City Council Donation Policy (Resolution 2025-130) was established to provide a structured process for the allocation of discretionary City Council donations to organizations that provide services and programs benefiting the Ceres community. The policy outlines eligibility criteria, approval procedures, and funding limits for such donations.

The Council Donation Policy document introduced for Council’s review during the October 27, 2025, regular Council meeting, allowed for a maximum donation amount of $6,000 for the entire City Council. The introduced Council Donation Policy allowed donations to be made in increments of $1,000 up to a maximum amount of $2,000 per request for the Mayor and increments of $500 up to a maximum amount of $1,000 per request for the Councilmember(s).

After Council’s review and discussion, during the Council meeting on October 27, 2025, the Council Donation Policy was approved with amendments to include a collective maximum donation amount of $25,000 with $5,000 allocated to each Councilmember.

Staff understood that the Mayor and Councilmembers could each split their donation allocation into two (2) equal payments, increasing the allocation amount to $2,500 per request for a maximum of $5,000 total for the Mayor and each Councilmember. However, the intent of the Council Donation Policy was to allow donations to be made in increments of $1,000 up to a maximum of $5,000 per request.

ITEM 15
II. DISCUSSION:

The proposed revision to the Council Donation Policy clarifies that:
• Donations may be awarded in increments of $1,000, and • The maximum donation per request shall not exceed $5,000.

This clarification aligns the adopted Council Donation Policy with the version drafted by staff and introduced during the Council meeting on October 27, 2025, and ensures consistency in the administration of the donation program.

The proposed revision does not change the purpose of the donation program, the eligibility requirements for organizations, or the approval process required for funding requests. Rather, it ensures the policy language clearly reflects the donation structure originally introduced to the City Council for review and approval.

III. REASONS FOR RECOMMENDATION:

The revisions to the Council Donation Policy provide a consistent and equitable approach to the donation(s) made by the City Council.

III. FISCAL IMPACTS:

Funding for the City Council donations has been included in the FY26 Adopted City Council budget, and no budget amendment is necessary. Each fiscal year, depending on funding availability, the allowable budget for City Council donations will not exceed $25,000 and will be included in the budget projections.

IV. EXISTING POLICY / RELATIONSHIP TO STRATEGIC PLAN:

N/A
V. POLICY ALTERNATIVES:

The Council could decide on one of the options below:
1) Accept the revisions to the Council Donation Policy as recommended 2) Accept the revisions to the Council Donation Policy with modifications 3) Reject the proposed revisions to the policy
VI. INTERDEPARTMENTAL COORDINATION:

Staff collaborated with the City Attorney and the Finance Office in developing the Council Donation Policy.

VII. PUBLIC PARTICIPATION:

N/A
VIII. ENVIRONMENTAL REVIEW:

N/A
ITEM 15
IX. STEPS FOLLOWING APPROVAL:

Based upon Council’s decision, staff will implement the Council Donation Policy or make any requested edits to the Council Donation Policy.

Approved by: ________________________
Trenton Johnson,
Acting City Manager
Attachments:

1. Attachment A – Resolution

2. Attachment B – Current Council Donation Policy

3. Attachment C – Proposed Revised Council Donation Policy (Redline) ITEM 15
ITEM 15

ATTACHMENT A
RESOLUTION NO. 2026-XXX

APPROVING REVISIONS TO THE COUNCIL DONATION POLICY ADOPTED ON OCTOBER 27, 2025, THROUGH RESOLUTION 2025-130

THE CITY COUNCIL
City of Ceres, California
WHEREAS, in the past, the City of Ceres donated funds to various events held within the community; and
WHEREAS, during the June 23, 2025, Regular City Council meeting, Council requested staff develop a process addressing how the Council donation funds will be distributed; and WHEREAS, staff developed the Council Donation Policy outlining procedures for the administration and distribution of Council donation funds, which was adopted with amendments by Resolution 2025-130 during the Council meeting on October 27, 2025; and WHEREAS, the Council Donation Policy adopted during the Council meeting on October 27, 2025, allocates $5,000 to the mayor and each councilmember, with each individual permitted to break up their allocation into two equal $2,500 donations; and WHEREAS, staff has since determined that the written Council Donation Policy language does not clearly reflect the original intent of the Council Donation Policy for how funds are distributed; and
WHEREAS, staff has recommended a revision to the Council Donation Policy to clarify that donations may be made in $1,000 increments with a maximum donation amount of $5,000 per request; and
WHEREAS, the revised Council Donation Policy reflecting this clarification is attached hereto as ATTACHMENT C and incorporated herein by reference.

NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of Ceres does hereby:

1. Approve the revision to the Council Donation Policy to clarify that donations may be awarded in increments of $1,000 up to a maximum amount of $5,000 per request; and

2. Adopt the revised Council Donation Policy attached hereto as Attachment C, which supersedes the previously adopted policy.

PASSED AND ADOPTED by the Ceres City Council at a regular meeting thereof held on the 13th day of April 2026, by the following vote:

AYES: Councilmembers:

NOES: Councilmembers:

ABSENT: Councilmembers:

ABSTAIN: Councilmembers:
________________________________
Javier Lopez, Mayor
ATTEST:
_______________________________
Fallon Martin, City Clerk
ITEM 15
ITEM 15
Adopted: 10/27/2025

COUNCIL DONATION POLICY
Public Purpose
The City of Ceres recognizes and appreciates the value of local organizations who provide community services and programs that benefit the community and its residents.

These programs present valuable benefits and consideration while fulfilling public purposes that the City Council and each member deem substantial and material value to Ceres. All donations of City funds to non-profit organizations or other public agencies shall be made through the application process as outlined in this Policy, the purpose of which is to:
• Establish a City Council Donation Policy and guidelines for disbursement of discretionary funds approved by the City Council to support programs and services that benefit the Ceres community;
• Provide council and staff with clear directions in considering and responding to requests for assistance; and
• Streamline the City’s donation procedures and ensure transparency in the use of public funds.

Donation Budget
Each fiscal year, the allowable budget for City Council donations will not exceed $25,000.

The mayor and councilmembers will each be allocated $5,000 per person. The mayor and council may break up their allocation into two equal donations (i.e. they each may give two (2) $2,500 donations). All donation requests will be brought before the City Council for approval. Any funds that remain unallocated by June 1st of each year will not be carried over to the next fiscal year.

Requirements / Public Benefit
Requests for donations must be submitted in writing using the Donation Request Form.

By law, all public funds, no matter how awarded, must be used for a public purpose. In general, a public purpose is defined as an activity or service that is open and accessible to all public members regardless of race, creed, gender, sexual orientation, religious affiliation, etc., without restriction. It is imperative that the entity receiving funding through this program demonstrates the benefit that funded programs or services will have on the Ceres community.

To be an eligible donation, the organization to which the donation is made must fulfill the requirements set forth below. The City Manager, or his/her designee, shall review the ITEM 15 ATTACHMENT B
Adopted: 10/27/2025
request for donations and has the ultimate decision-making authority on whether the organization satisfies these requirements:
• A non-profit organization as described by the Internal Revenue Sections (IRS) such as 501 (c)(3) or an intergovernmental agency.
o If a 501 (c)(3), only non-profit organizations that provide a community benefit to the City of Ceres.
• The organization must be non-discriminatory, and non-political in nature. • The organization must have a local affiliation or benefit within Ceres. For example:
o The organization complements or enhances a service the City of Ceres also provides; or
o The organization provides a service that benefits the community but which the City does not provide.

The donation may not personally benefit the mayor, a councilmember, staff member, or any relative of same. The donations will not be made in the name of the individual official but will be donations by the City of Ceres.

This policy does not apply to payments for staff and/or Council to attend events held by non-profits (i.e. the purchase of tickets or tables for local events).

The mayor and councilmembers shall submit the Donation Request Form for requested donation expenditures to the Finance Department. Donation requests must be submitted, at a minimum, four weeks in advance of the council meeting.

When submitting the Donation Request Form, the following documents must also be submitted:
• IRS Determination Letter
• W-9 (Request for Taxpayer Identification Number and Certification) • Event Flyer
Post Funding Requirements
If the City has reason to believe the funds were not expended in accordance with this Policy, the awardee will be required to refund the award. The City reserves the right to request additional backup information to substantiate how funds received from the City were expended. Failure to provide proper documentation, and/or to utilize the funds for the intended purpose may jeopardize future funding opportunities. Should the City determine the funds were not used for the approved public purpose, City may elect to file a small claims action against awardee seeking reimbursement of the funds or use any other lawful means available to obtain reimbursement of public funds.

The Finance Department will maintain the pertinent records for the City Council Discretionary Funds, which are public records.

ITEM 15 ATTACHMENT B

ATTACHMENT C
Adopted: 10/27/2025
Revised: 04/13/26

Donation Budget
Each fiscal year, the allowable budget for City Council donations will not exceed $25,000.

The mayor and councilmembers will each be allocated $5,000 per person. The mayor and councilmembers may break up their allocation may allocate their annual donation funds in increments of $1,000, up to a maximum of $5,000 per donation request into two equal donations (i.e. they each may give two (2) $2,500 donations). All donation requests will be brought before the City Council for approval. Any funds that remain unallocated by June 1st of each year will not be carried over to the next fiscal year.

Requirements / Public Benefit
Requests for donations must be submitted in writing using the Donation Request Form.

ITEM 15

ATTACHMENT C
Adopted: 10/27/2025
Revised: 04/13/26
To be an eligible donation, the organization to which the donation is made must fulfill the requirements set forth below. The City Manager, or his/her designee, shall review the request for donations and has the ultimate decision-making authority on whether the organization satisfies these requirements:
• A non-profit organization as described by the Internal Revenue Sections (IRS) such as 501 (c)(3) or an intergovernmental agency.
o If a 501 (c)(3), only non-profit organizations that provide a community benefit to the City of Ceres.
• The organization must be non-discriminatory, and non-political in nature. • The organization must have a local affiliation or benefit within Ceres. For example:
o The organization complements or enhances a service the City of Ceres also provides; or
o The organization provides a service that benefits the community but which the City does not provide.

This policy does not apply to payments for staff and/or Council to attend events held by non-profits (i.e. the purchase of tickets or tables for local events).

ITEM 15

ATTACHMENT C
Adopted: 10/27/2025
Revised: 04/13/26
The Finance Department will maintain the pertinent records for the City Council Discretionary Funds, which are public records.

ITEM 15
ITEM 15

COUNCIL AGENDA REPORT

CITY COUNCIL
Javier Lopez, Mayor
James Casey, Dist.1
Rosalinda L. Vierra, Dist. 2
Cerina Otero, Dist. 3
Daniel A. Martinez, Dist. 4
MEETING DATE: April 13, 2026
TO: Mayor and City Council
FROM: Trenton Johnson, Acting City Manager
CONTACT: Fallon Martin, City Clerk
[email protected], (209) 538-5731
SUBJECT: Resolution No. 2026-XXX, Adopting the “Disruption of Remote Participation During Council Meetings Policy” as Required by Senate Bill 707
RECOMMENDED COUNCIL ACTION:

Adopting the “Disruption of Remote Participation During Council Meetings Policy” (Policy) to incorporate new Brown Act amendments regarding Council meeting disruption procedures for two-way remote access pursuant to Senate Bill 707.

I. BACKGROUND:

On October 3, 2025, Governor Newsom signed into law Senate Bill 707 (SB 707), which amends the Brown Act with the intent to diversify and increase public engagement during local government meetings of legislative bodies. Among the various new requirements under SB 707, all qualified legislative bodies must now offer hybrid meetings (through a two-way phone or video platform). Ceres City Council meetings are already, and will continue to be, conducted in a hybrid format via Zoom.

In addition, SB 707 requires the City of Ceres (“City”) to formally adopt a policy, on or before July 1, 2026, that outlines the procedures for recessing and reconvening a meeting in the event of disruption and the efforts that the City Council and staff shall make to attempt to restore the service.

II. REASONS FOR RECOMMENDATION:

Staff prepared the attached Policy to satisfy the new SB 707 requirements. The Policy mirrors the meeting disruption guidelines that are outlined in SB 707, which require the legislative body to take a recess and attempt to restore service for at least one hour. If service cannot be restored within one hour, the legislative body must conduct a roll-call vote confirming that good faith efforts were made and that the public interest in continuing the meeting outweighs the need for remote access
ITEM 16
III. FISCAL IMPACTS:

N/A
IV. EXISTING POLICY / RELATIONSHIP TO THE STRATEGIC PLAN:

N/A
V. POLICY ALTERNATIVES:

N/A
VI. INTERDEPARTMENTAL COORDINATION:

N/A
VII. PUBLIC PARTICIPATION:

N/A
VIII. ENVIRONMENTAL REVIEW:

N/A
IX. STEPS FOLLOWING APPROVAL:

Upon Council adoption, the Policy will go into effect July 1, 2026.

Approved by: _________________________
Trenton Johnson,
Acting City Manager
Attachments:

1. Attachment A – Resolution

2. Attachment B – Disruption of Remote Participation During Council Meetings Policy
ITEM 16

ATTACHMENT A
RESOLUTION NO. 2026-XXX
ADOPTING THE “DISRUPTION OF REMOTE PARTICIPATION
DURING COUNCIL MEETINGS POLICY” AS REQUIRED BY SENATE
BILL 707

THE CITY COUNCIL
City of Ceres
WHEREAS, on October 3, 2025, Governor Newsom signed into law Senate Bill 707 (SB 707), which amended the Brown Act to diversify and increase public engagement in meetings of local legislative bodies. Among the various new requirements under SB 707, all qualified legislative bodies must now offer hybrid meetings (through a two-way phone or video platform); and WHEREAS, the Ceres City Council currently holds its meetings in a hybrid format via Zoom and will continue to do so; and
WHEREAS, SB 707 requires the City to formally adopt a policy, on or before July 1, 2026, that establishes the procedure for recessing and reconvening a meeting in the event of disruption of remote participation and the efforts the City Council and staff shall make to attempt to restore the service; and
WHEREAS, the attached Disruption of Remote Participation During Council Meetings Policy satisfies the SB 707 requirements.

NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of Ceres does hereby adopt the attached “Disruption of Remote Participation During Council Meetings Policy” as required by Senate Bill 707.

PASSED AND ADOPTED by the Ceres City Council at a regular meeting thereof held on the 13th day of April 2026, by the following vote:

AYES: Councilmembers:

NOES: Councilmembers:

ABSENT: Councilmembers:

ABSTAIN: Councilmembers:
________________________________
Javier Lopez, Mayor
ATTEST:
_______________________________
Fallon Martin, City Clerk
ITEM 16
ITEM 16

ATTACHMENT B
Disruption of Remote Participation During Council
Meetings Policy

1. Background
Senate Bill 707 (2025) amended the Brown Act to require eligible legislative bodies to adopt, on or before July 1, 2026, a policy addressing how the agency will respond to disruptions in telephonic or internet service that prevent members of the public from attending or observing a meeting remotely. This policy is adopted to comply with that requirement and to ensure continuity of public participation during technical disruptions.

2. Purpose
This policy establishes procedures for responding to a disruption in the telephonic or internet services that provide two-way remote public access to meetings of the Ceres City Council, as required by the Brown Act (Gov. Code § 54953.4). The policy ensures transparency, public participation, and continuity of government during technology disruptions.

3. Definitions
For purposes of this policy:
“Disruption” means any failure, outage, or other interruption that prevents members of the public from attending or observing the meeting via these remote access services. *An interruption affecting only the visual component of the Remote Participation Service shall not constitute a disruption so long as remote participants are still able to listen to and participate in the meeting through the audio component. “Remote access services” means the two-way telephonic service and/or two-way audiovisual platform used to provide real-time remote public attendance and observation of meetings.

Initial Issue Date: April 14, 2026
Prepared By: Fallon Martin, City Clerk
Approved By: Douglas D. Dunford, City Manager
ITEM 16

ATTACHMENT B
City of Ceres
Disruption of Remote Participation During Council Meetings Policy

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Ceres City CouncilApril 13, 2026

Ceres City Council
April 13, 2026