Clovis City Council
December 4, 2023

Special
Revenue
Off Highway Housing & Comm Community Facilities
Use Development District 2020-1 Total
ASSETS
Cash and investments 70,404 $ 1,037,976 $ 176,744 $ 1,285,124 $ Receivables 190 3,404,999 10,993 3,416,182 Due from other governments 206,182 206,182 Total assets 70,594 $ 4,649,157 $ 187,737$ 4,907,488$

LIABILITIES
Accounts payable 798,326$ 798,326$
Deposits and other liabilities 25,059$ 25,059 Total Liabilities 0$ 798,326 25,059 823,385

FUND BALANCE
S
Restricted for:

Capital projects 70,594 70,594
Community development 3,850,831 162,678 4,013,509 Debt service 0
Assigned for:

Capital 0
Total fund balances 70,594 3,850,831 162,678 4,084,103
Total liabilities and fund balances 70,594 $ 4,649,157 $ 187,737$ 4,907,488$ City of Clovis
Combining Balance Sheet
Nonmajor Governmental Funds
June 30, 2023
90 146
AGENDA ITEM NO. 9.

Debt Capital Total
Service Projects Nonmajor
1976 Fire Park and Refuse Governmental
and Sewer Recreation Equipment Total Funds
431,733$ 11,550,158$ 2,334,835$ 13,884,993$ 15,601,850 $ 1,244 45,027 6,341 51,368 3,468,794 394,833 394,833 601,015
432,977$ 11,990,018$ 2,341,176$ 14,331,194$ 19,671,659 $ 1,428,363$ 1,428,363$ 2,226,689$
9,200 9,200 34,259
0$ 1,437,563 0$ 1,437,563 2,260,948 0 70,594
3,840,455 2,341,176 6,181,631 10,195,140
432,977 0 432,977
6,712,000 6,712,000 6,712,000
432,977 10,552,455 2,341,176 12,893,631 17,410,711
432,977$ 11,990,018$ 2,341,176$ 14,331,194$ 19,671,659 $ City of Clovis
Combining Balance Sheet
Nonmajor Governmental Funds
June 30, 2023
91 147
AGENDA ITEM NO. 9.

Special
Revenue
Off Highway Housing & Comm Community Facilities
Use Development District 2020-1 Total

REVENUES
Use of money and property 2,379 $ (9,896) $ (2,329) $ (9,846) $ From other agencies 647,719 91,557 739,276
Charges for services 0
Other revenues 50 50
Total revenue 2,379 637,873 89,228 729,480

EXPENDITURES
Current:

Community development 953,751 953,751
Capital outlays 5,700 5,700
Total expenditures 0 953,751 5,700 959,451
Excess (deficiency) of revenues
over (under) expenditures 2,379 (315,878) 83,528 (229,971)

OTHER FINANCING SOURCES (USES
)
Transfers In 0
Transfers out 0
Total other financing sources (uses) 0 0 0 0
Net change in fund balances 2,379 (315,878) 83,528 (229,971) Fund balances-beginning 68,215 4,166,709 79,150 4,314,074 Fund balances-ending 70,594 $ 3,850,831 $ 162,678 $ 4,084,103 $ City of Clovis
Combining Statement of Revenues, Expenditures, and Changes in Fund Balances Nonmajor Governmental Funds
For the Year Ended June 30, 2023
92 148
AGENDA ITEM NO. 9.

Debt Capital Total
Service Projects Nonmajor
1976 Fire Park and Refuse Governmental
and Sewer Recreation Equipment Total Funds
6,443$ 83,565$ 20,459$ 104,024$ 100,621$ 691,882 691,882 1,431,158
3,879,294 522,011 4,401,305 4,401,305
05 0
6,443 4,654,741 542,470 5,197,211 5,933,134
223,147 223,147 1,176,898
3,905,502 3,905,502 3,911,202
0 4,128,649 0 4,128,649 5,088,100
6,443 526,092 542,470 1,068,562 845,034
24,000 24,000 24,000
(150,000) (150,000) (150,000)
0 24,000 (150,000) (126,000) (126,000)
6,443 550,092 392,470 942,562 719,034
426,534 10,002,363 1,948,706 11,951,069 16,691,677 432,977$ 10,552,455$ 2,341,176 $ 12,893,631$ 17,410,711$ City of Clovis
Combining Statement of Revenues, Expenditures, and Changes in Fund Balances Nonmajor Governmental Funds
For the Year Ended June 30, 2023
93 149
AGENDA ITEM NO. 9.

Variance with
Budgeted Amounts Final Budget-
Actual Positive
Original Final Amounts (Negative)

REVENUE
Use of money and property 0$ 0 $ 562,207$ 562,207 $ From other agencies 14,422,000 14,422,000 20,884,880 6,462,880 Other revenues 0 0 3,200 3,200
Total revenues 14,422,000 14,422,000 21,450,287 7,028,287

EXPENDITURES
Capital Outlay 29,245,652 53,708,052 24,046,084 29,661,968 Total expenditures 29,245,652 53,708,052 24,046,084 29,661,968 Excess (deficiency) of revenues
over expenditures (14,823,652) (39,286,052) (2,595,797) 36,690,255

OTHER FINANCING SOURCES (USES)
Transfers In 0 103,750 104,000 250
Transfers Out 0 0 (42,000) (42,000)
Total other financing sources (uses) 0 103,750 62,000 (41,750) Net change in fund balances (14,823,652) (39,182,302) (2,533,797) 36,648,505 Fund balance-beginning 22,406,918 22,406,918 22,406,918 Fund balance-ending 7,583,266$ (16,775,384)$ 19,873,121 $ 36,648,505$ City of Clovis
Schedule of Revenues, Expenditures, and Changes in Fund Balance-Budget and Actual Local Transportation Capital Projects Fund
For the Year Ended June 30, 2023
94 150
AGENDA ITEM NO. 9.

Variance with
Budgeted Amounts Final Budget-
Actual Positive
Original Final Amounts (Negative)

REVENUE
Use of money and property 0 $
0$
2,379$ 2,379$
Total revenues 0 0 2,379 2,379

EXPENDITURES
Total expenditures 0 0 0 0
Excess (deficiency) of revenues
over expenditures 0 0 2,379 2,379
Fund balance-beginning 68,215 68,215 68,215
Fund balance-ending 68,215$ 68,215$ 70,594$ 2,379$ City of Clovis
Schedule of Revenues, Expenditures, and Changes in Fund Balance-Budget and Actual Off Highway Use Special Revenue Fund
For the Year Ended June 30, 2023
95 151
AGENDA ITEM NO. 9.

Variance with
Budgeted Amounts Final Budget-
Actual Positive
Original Final Amounts (Negative)

REVENUE
Use of money and property 0 $ 0 $ (9,896)$ (9,896) $ From other agencies 7,545,000 7,746,848 647,719 (7,099,129) Other revenues 0 0 50 50
Total revenues 7,545,000 7,746,848 637,873 (7,108,975)

EXPENDITURES
Community development 7,942,800 8,110,880 953,751 7,157,129 Total expenditures 7,942,800 8,110,880 953,751 7,157,129 Excess (deficiency) of revenues
over expenditures (397,800) (364,032) (315,878) 48,154
Fund balance-beginning 4,166,709 4,166,709 4,166,709
Fund balance-ending 3,768,909 $ 3,802,677 $ 3,850,831 $ 48,154 $ City of Clovis
Schedule of Revenues, Expenditures, and Changes in Fund Balance-Budget and Actual Housing and Community Development Special Revenue Fund
For the Year Ended June 30, 2023
96 152
AGENDA ITEM NO. 9.

Variance with
Budgeted Amounts Final Budget-
Actual Positive
Original Final Amounts (Negative)

REVENUE
From other agencies 33,000 $ 33,000 $ 91,557 $ 58,557 $ Charges for services 33,000 33,000 0 (33,000)
Total revenues 66,000 66,000 89,228 23,228

EXPENDITURES
Community development 32,700 32,700 5,700 27,000
Total expenditures 32,700 32,700 5,700 27,000
Excess (deficiency) of revenues
over expenditures 33,300 33,300 83,528 50,228
Fund balance-beginning 79,150 79,150 79,150
Fund balance-ending 112,450 $ 112,450 $ 162,678 $ 50,228 $ City of Clovis
Schedule of Revenues, Expenditures, and Changes in Fund Balance-Budget and Actual Community Facilities District 2020-1 Special Revenue Fund For the Year Ended June 30, 2023
97 153
AGENDA ITEM NO. 9.

Variance with
Budgeted Amounts Final Budget-
Actual Positive
Original Final Amounts (Negative)

REVENUE
Use of money and property 0 $
0$
6,443$ 6,443$
Total revenues 0 0 6,443 6,443

EXPENDITURES
Total expenditures 0 0 0 0
Excess (deficiency) of revenues
over expenditures 0 0 6,443 6,443
Fund balance-beginning 426,534 426,534 426,534
Fund balance-ending 426,534$ 426,534$ 432,977$ 6,443$ City of Clovis
Schedule of Revenues, Expenditures, and Changes in Fund Balance-Budget and Actual 1976 Fire and Sewer Debt Service Fund
For the Year Ended June 30, 2023
98 154
AGENDA ITEM NO. 9.

Variance with
Budgeted Amounts Final Budget-
Actual Positive
Original Final Amounts (Negative)

REVENUE
Use of money and property 0 $ 0 $ 83,565$ 83,565 $ From other agencies 739,000 739,000 691,882 (47,118)
Charges for services 2,142,000 2,142,000 3,879,294 1,737,294 Total revenues 2,881,000 2,881,000 4,654,741 1,773,741

EXPENDITURES
Community development 0 0 223,147 (223,147)
Capital outlays 1,900,390 10,840,690 3,905,502 6,935,188 Total expenditures 1,900,390 10,840,690 4,128,649 6,712,041 Excess (deficiency) of revenues
over expenditures 980,610 (7,959,690) 526,092 8,485,782

OTHER FINANCING SOURCES (USES)
Transfers In 0 0 24,000
Total other financing sources (uses) 0 0 24,000 0
Net change in fund balances 980,610 (7,959,690) 550,092 8,485,782 Fund balance-beginning 10,002,363 10,002,363 10,002,363 Fund balance-ending 10,982,973 $ 2,042,673 $ 10,552,455 $ 8,485,782 $ City of Clovis
Schedule of Revenues, Expenditures, and Changes in Fund Balance-Budget and Actual Park and Recreation Capital Project Fund
For the Year Ended June 30, 2023
99 155
AGENDA ITEM NO. 9.

Variance with
Budgeted Amounts Final Budget-
Actual Positive
Original Final Amounts (Negative)

REVENUE
Use of money and property 0 $ 0 $ 20,459$ 20,459 $ Charges for services 0 0 522,011 522,011
Total revenues 0 0 542,470 542,470

EXPENDITURES
Total expenditures 0 0 0 0
Excess (deficiency) of revenues
over expenditures 0 0 542,470 542,470

OTHER FINANCING SOURCES (USES)
Transfers Out 0 0 (150,000) (150,000)
Total other financing sources (uses) 0 0 (150,000) (150,000) Net change in fund balance 0 0 392,470 392,470
Fund balance-beginning 1,948,706 1,948,706 1,948,706
Fund balance-ending 1,948,706 $ 1,948,706 $ 2,341,176 $ 392,470 $ City of Clovis
Schedule of Revenues, Expenditures, and Changes in Fund Balance-Budget and Actual Refuse Equipment Capital Project Fund
For the Year Ended June 30, 2023
100
156
AGENDA ITEM NO. 9.

Internal Service Funds
__________________________________
Internal servi
ce funds are used to account for the financing of goods or services provided by one department of the agency to other departments or agencies of the government and to other government units, on a cost reimbursement basis.

Self-Insurance Fund - This fund is used to account for the cost of general liability and property damage insuranceI. t is funded by a charge to all operating departments.

Fleet Fund - This fund is used to account for rental charges to all operating departments for maintenance and replacement cost for equipment and vehicles.

Employee Benefit Fund - This fund is used to account for the cost of employee benefits including retirement, workers' compensation, health insurance, unemployment insurance and Medicare insurance. It is funded by a charge to all operating departments.

General Services - This fund is used to account for the centralized support provided to other departments and for government facility enhancements and acquisitions. 101
157
AGENDA ITEM NO. 9.

Self Employee General
Insurance Fleet Benefits Services Total
ASSETS
Current assets:

Cash and investments 1,464,868$ 23,335,711$ 16,888,743$ 27,459,520$ 69,148,842$ Receivables 65,566 76,606 99,248 311,554 552,974 Due from other governments 469,733 469,733
Inventories 949,000 949,000
Total current assets 1,530,434 24,361,317 16,987,991 28,240,807 71,120,549 Noncurrent assets:

Restricted cash and investments:

Cash with fiscal agent-bond accounts 11,905,025 11,905,025 Total restricted assets 0 0 0 11,905,025 11,905,025
Capital assets:

Land 8,872,400 8,872,400
Buildings and improvements 940,271 129,648,131 130,588,402 Machinery and equipment 51,339,243 9,310,260 60,649,503 Less accumulated depreciation (32,168,438) (54,954,526) (87,122,964) Total capital assets (net of
accumulated depreciation) 0 20,111,076 0 92,876,265 112,987,341 Intangible assets 273,219 273,219
Less accumulated amortization (38,711) (38,711) Total intangible assets (net of
accumulated amortization) 0 0 0 234,508 234,508
Total noncurrent assets 0 20,111,076 0 105,015,798 125,126,874 Total assets 1,530,434 44,472,393 16,987,991 133,256,605 196,247,423

DEFERRED OUTFLOW OF RESOURCES
Pension related deferred outflows 103,881 935,021 211,902 1,496,323 2,747,127 Total deferred outflows of resources 103,881 935,021 211,902 1,496,323 2,747,127

LIABILITIES
Current liabilities:

Accounts payable 132,852 861,576 105,513 2,349,790 3,449,731 Claims and judgements payable 2,548,000 2,548,000 Accrued compensated absences 22,900 4,500 42,700 70,100 Deposits and other liabilities 545,673 545,673 Unearned revenue 574,308 574,308
Subscription liability - current 56,935 56,935 Direct borrowings-currrent 581,892 1,711,509 2,293,401 Loans payable-current 264,967 264,967
Revenue bonds-current 285,000 285,000
Total current liabilities 132,852 1,466,368 2,658,013 5,830,882 10,088,115 Noncurrent liabilities:

Claims and judgements payable 5,875,000 5,875,000 Accrued compensated absences 80,969 15,921 151,269 248,159 Advances from other funds 6,750,000 6,750,000
Subscription liability 58,344 58,344
Direct borrowings 1,119,793 7,957,652 9,077,445 Loans payable 1,643,938 1,643,938
Revenue bonds (net of discount/premium) 13,188,786 13,188,786 Net
pension liability 382,930 3,342,321 775,999 5,439,897 9,941,147 Total noncurrent liabilities 382,930 4,543,083 6,666,920 35,189,886 46,782,819 Total liabilities 515,782 6,009,451 9,324,933 41,020,768 56,870,934

DEFERRED INFLOW OF RESOURCES
Lease deferred inflows 175,371 175,371
Pension deferred inflows 7,113 63,141 14,296 102,509 187,059 Total deferred inflow of resources 7,113 63,141 14,296 277,880 362,430

NET POSITION
Net investment in capital assets 18,409,391 67,943,642 86,353,033 Restricted for debt service 11,905,025 11,905,025
Unrestricted (deficit) 1,111,420 20,925,431 7,860,664 13,605,613 43,503,128 Total net position 1,111,420$ 39,334,822$ 7,860,664$ 93,454,280$ 141,761,186$ City of Clovis
Combining Statement of Net Position
Internal Service Funds
June 30, 2023
102
158
AGENDA ITEM NO. 9.

Self Employee General
Insurance Fleet Benefits Services Total
Operating revenues:

Charges for services 5,016,900 $ 12,942,909 $ 34,279,455 $ 14,568,525 $ 66,807,789 $ From other agencies 277,029 2,467,837 2,744,866 Other revenues 60,350 3,623,365 3,683,715
Total operating revenues 5,077,250 13,219,938 34,279,455 20,659,727 73,236,370 Operating expenses:

Salaries and benefits 257,050 2,115,056 17,034,681 3,591,391 22,998,178 Services, materials and supplies 5,456,670 3,833,131 14,479,188 7,855,281 31,624,270 Administration 56,300 1,181,000 95,400 509,900 1,842,600 Depreciation and amortization 2,758,782 3,742,802 6,501,584 Total operating expenses 5,770,020 9,887,969 31,609,269 15,699,374 62,966,632 Operating income (loss) (692,770) 3,331,969 2,670,186 4,960,353 10,269,738 Nonoperating revenues (expenses):

Interest income 4,378 380,436 108,139 1,327,308 1,820,261 Net increase (decrease) in cash fair value 22,071 (168,287) (67,113) (1,022,520) (1,235,849) Interest expense (46,125) (415,972) (462,097) Gain (loss) on sale of capital assets 124,431 (4,300) 120,131 Total nonoperating revenue (expense) 26,449 290,455 41,026 (115,484) 242,446 Income before contributions and transfers (666,321) 3,622,424 2,711,212 4,844,869 10,512,184 Capital contributions 110,999 110,999
Transfers in 992,000 1,931,000 2,923,000
Changes in net position (666,321) 4,725,423 2,711,212 6,775,869 13,546,183 Total net position-beginning 1,777,741 34,609,399 5,149,452 86,678,411 128,215,003 Total net position-ending 1,111,420 $ 39,334,822 $ 7,860,664 $ 93,454,280 $ 141,761,186 $ City of Clovis
Combining Statement of Revenues, Expenses, and Changes in Fund Net Position Internal Service Funds
For the Year Ended June 30, 2023
103
159
AGENDA ITEM NO. 9.

Self Employee General
Insurance Fleet Benefits Services Total

CASH FLOW FROM OPERATING ACTIVITIES
Receipts for interfund services 4,994,920$ 12,893,900$ 34,319,212$ 12,581,535$ 64,789,567$ Payments to suppliers (5,393,217) (4,757,680) (14,888,814) (9,334,010) (34,373,721) Payments to employees (238,802) (1,929,235) (16,976,037) (3,385,376) (22,529,450) Other operating revenues 60,352 277,029 5,579,538 5,916,919 Net cash provided by (used in) operating activities (576,747) 6,484,014 2,454,361 5,441,687 13,803,315

CASH FLOWS FROM NONCAPITAL FINANCING ACTIVITIES
Transfers-in from other funds 992,000 1,931,000 2,923,000 Net cash provided
by noncapital financing activities 0 992,000 0 1,931,000 2,923,000

CASH FLOWS FROM CAPITAL AND RELATED FINANCING ACTIVITIES Acquisition and construction of capital assets (5,330,548) (12,436,076) (17,766,624) Principal paid on bonds, loans, and direct borrowings (810,328) (2,099,270) (2,909,598) Interest paid on bonds, loans, and direct borrowings (46,125) (415,972) (462,097) Proceeds from sale of property and equipment 241,434 241,434 Proceeds from advances from other funds 6,750,000 6,750,000 Net cash provided by (used in) capital and
related financing activities 0 (5,945,567) 0 (8,201,318) (14,146,885)

CASH FLOWS FROM INVESTING ACTIVITIE
S
Interest and dividends on investments 4,378 380,438 108,139 1,327,310 1,820,265 Increase/(decrease) in fair value of investments 22,071 (168,287) (67,113) (1,022,520) (1,235,849) Net cash provided by (used in) investing activities 26,449 212,151 41,026 304,790 584,416 Net change in cash and cash equivalents (550,298) 1,742,598 2,495,387 (523,841) 3,163,846 Cash and cash equivalents-beginning of year 2,015,166 21,593,113 14,393,356 39,888,386 77,890,021 Cash and cash equivalents-end of year 1,464,868$ 23,335,711$ 16,888,743$ 39,364,545$ 81,053,867$ Reconciliation of operating income (loss) to net cash provided by (used in) operating activities:

Operating income (loss) (692,770)$ 3,331,969$ 2,670,186$ 4,960,353$ 10,269,738$ Adjustments to reconcile operating income
to net cash provided by (used in) operating activities:

Depreciation/amortization expense 2,758,782 3,742,802 6,501,584 (Increase)/decrease in accounts receivable (21,980) (49,009) 39,757 (24,215) (55,447) (Increase)/decrease in due from other governments (453,207) (453,207) (Increase)/decrease in inventories (41,000) (41,000) (Increase)/decrease in deferred outflows - pension (64,049) (572,242) (121,653) (955,151) (1,713,095) (Increase)/decrease in prepaid items (18,000) (18,000) Increase/(decrease) in accounts payable 119,755 297,451 (16,226) (950,829) (549,849) Increase/(decrease) in
accrued compensated absences 22,654 3,534 16,743 42,931 Increase/(decrease) in unearned revenue (1,962,775) (1,962,775) Increase/(decrease) in claims
and judgments payable (298,000) (298,000)
Increase/(decrease) in net pension liability 169,351 1,514,011 365,801 2,347,225 4,396,388 Increase/(decrease) in deferred inflows - lease (58,457) (58,457) Increase/(decrease) in deferred inflows - pension (87,054) (778,602) (189,038) (1,202,802) (2,257,496) Total adjustments 116,023 3,152,045 (215,825) 481,334 3,533,577 Net cash provided by (used in) operating activities (576,747)$ 6,484,014$ 2,454,361$ 5,441,687$ 13,803,315$ Noncash investing, capital, and financing activities:

During the year the Fleet Maintenance Fund, an internal service fund, received $110,999 in donated assets.

City of Clovis
Combining Statement of Cash Flows
Internal Service Funds
For the Year Ended June 30, 2023
104
160
AGENDA ITEM NO. 9.

Fiduciary Funds
__________________________________
Cu
stodial Funds are used to account for assets held by the government for individuals, private organizations, other governments and/or other funds.

Blackhorse Assessment Fund - This fund is used to account for revenue and expenditures related to the maintenance within the Blackhorse III (95-1) Assessment District such as streets, curb & gutter, street lighting, sidewalks and gates.

Temperance/Barstow Assessment Fund - This fund is used to account for the receipts and disbursements of the Temperance Barstow Assessment District.

Shepherd/Temperance Assessment Fund - This fund is used to account for the receipts and disbursements of the Shepherd Temperance Assessment District. 105
161
AGENDA ITEM NO. 9.

Temperance Shepherd
Blackhorse Barstow Temperance
Assessment Assessment Assessment Total
ASSETS
Cash and investments 103,460 $ 75,792 $ 5,763 $ 185,015 $ Receivables 890 208 9 1,107 Total assets 104,350 76,000 5,772 186,122

LIABILITIES
Accounts payable
Deposits and other liabilities 474 474
Total liabilities 0 0 474 474

NET POSITION
Restricted for:

Individuals, organizations, and other governments 104,350 76,000 5,298 185,648 Total net position 104,350 $ 76,000 $ 5,298 $ 185,648 $ Custodial Funds
City of Clovis
Combining Statement of Fiduciary Net Position
Custodial Funds
June 30, 2023
106
162
AGENDA ITEM NO. 9.

Temperance Shepherd
Blackhorse Barstow Temperance
Assessment Assessment Assessment Total

ADDITIONS
Special assessments tax 76,071 $ 76,071 $
Investment earnings 2,235 1,161 $ 97 $ 3,493 Total additions 78,306 1,161 97 79,564

DEDUCTIONS
Community development 75,264 75,264
Total deductions 75,264 0 0 75,264 Change in net position 3,042 1,161 97 4,300 Net position-Beginning 101,308 74,839 5,201 181,348 Net position-Ending 104,350 $ 76,000 $ 5,298 $ 185,648 $ Custodial Funds
City of Clovis
Combining Statement of Changes in Fiduciary Net Position Custodial Funds
For the Year Ended June 30, 2023
107
163
AGENDA ITEM NO. 9.



























7KLVSDJHLVLQWHQWLRQDOO\OHIWEODQN

108
164
AGENDA ITEM NO. 9.

Statistica
l Section
__________________________________
This p
art of the City of Clovis' Annual Comprehensive Financial Report presents detailed information as a context for understanding what the information in the financial statements, note disclosures, and required supplementary information says about the government's overall financial health.

S
T
A
T
I
S
T
I
C
A
L
S
E
C
T
I
O
N
109
165
AGENDA ITEM NO. 9.

Statistical Section
__________________________________
Contents Page
Financial Tre
nds 111
These schedules contain trend information to help the reader understand how the government's financial performance and well-being have changed over time.

Revenue Capacity 119
These schedules contain information to help the reader assess the governments' most significant local revenue source, the property tax.

Debt Capacity 123
These schedules present information to help the reader assess the affordability of the government's current levels of outstanding debt and the government's ability to issue additional debt in the future.

Demographic and Economic Information 129
These schedules offer demographic and economic indicators to help the reader understand the environment within which the government's financial activities take place.

Operating Information 132
These schedules contain service and infrastructure data to help the reader understand how the information in the government's financial report relates to the services the government provides and the activities it performs. 110
110
166
AGENDA ITEM NO. 9.
2014 2015* 2016 2017 2018 2019 2020 2021 2022 2023
Governmental activities:

Net investment in capital assets 490,722 $ 509,567 $ 523,881 $ 524,625 $ 533,810 $ 562,740 $ 587,764 $ 595,863 $ 631,982 $ 668,223 $ Restricted 24,266 23,997 25,843 20,681 27,826 33,325 38,522 42,460 48,790 50,687 Unrestricted 21,548 (67,159) (67,081) (54,927) (63,435) (66,182) (51,797) (32,398) (22,188) (32,488) Total net position 536,536 $ 466,405 $ 482,643 $ 490,379 $ 498,201 $ 529,883 $ 574,489 $ 605,925 $ 658,584 $ 686,422 $ Business-type activities:

Net investment in capital assets 132,872 $ 137,520 $ 142,658 $ 147,265 $ 153,013 $ 162,938 $ 168,489 $ 171,482 $ 176,055 $ 186,868 $ Restricted 3,365 3,377 906 953 25 1 2 Unrestricted 60,855 72,977 82,271 103,531 108,299 120,937 106,444 108,569 117,529 122,138 Total net position 197,092 $ 213,874 $ 225,835 $ 251,749 $ 261,337 $ 283,876 $ 274,933 $ 280,051 $ 293,584 $ 309,008 $ Total Primary government:

Net investment in capital assets 623,594 $ 647,087 $ 666,540 $ 671,890 $ 686,823 $ 725,678 $ 756,253 $ 767,345 $ 808,037 $ 855,091 $ Restricted 27,631 27,374 26,748 21,634 27,851 33,326 38,522 42,460 48,790 50,689 Unrestricted 82,403 5,818 15,190 48,604 44,864 54,755 54,647 76,171 95,341 89,650 Total net position 733,628 $ 680,279 $ 708,478 $ 742,128 $ 759,538 $ 813,759 $ 849,422 $ 885,976 $ 952,168 $ 995,430 $ *It should be noted that, due to the implementation of GASB 68 in fiscal year 2015, unrestricted net position in the Governmental Activities area was severely impacted, which is why the amount decreased by approximately $88 million in one fiscal year (and remains negative through the current fiscal year).

Fiscal Year Ended June 30,

CITY OF CLOVIS

NET POSITION BY COMPONENT

LAST TEN FISCAL YEARS
(accrual basis of accounting)
(in thousands)
111
167
AGENDA ITEM NO. 9.
2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Expenses:

Governmental activities:

General government 5,642 $ 5,587 $ 5,577 $ 6,218 $ 6,481 $ 7,730 $ 7,436 $ 7,426 $ 5,464 $ 9,536 $ Public safety 38,736 39,460 42,027 46,258 54,529 55,860 59,876 62,766 55,415 68,280 Transportation 11,251 12,686 12,232 13,307 14,057 14,883 18,884 16,632 17,097 18,170 Community development 310 909 637 1,742 1,984 751 286 2,995 840 1,176 Cultural and recreation 6,370 6,272 6,196 6,703 7,212 8,118 7,115 7,174 7,825 9,261 Interest and other charges 924 886 805 755 694 726 488 462 Total governmental activities expenses 62,309 64,914 67,593 75,114 85,068 88,097 94,291 97,719 87,129 106,885 Business-type activities:

Refuse 14,857 15,654 16,207 16,574 18,502 20,205 21,744 22,079 23,424 24,730 Sewer 19,883 18,011 18,553 18,235 18,862 18,738 19,465 19,541 20,366 21,031 Water 13,626 14,486 14,487 15,604 16,807 17,463 18,551 24,963 21,431 22,083 Transit 4,946 4,884 5,016 5,098 6,280 6,961 7,008 6,792 7,063 8,357 Planning & Development Services 7,226 7,557 7,781 8,555 9,410 10,443 11,662 11,338 10,076 13,740 Total business-type activities expenses 60,538 60,592 62,044 64,066 69,861 73,810 78,430 84,713 82,360 89,941 Total primary government expenses 122,847 125,506 129,637 139,180 154,929 161,907 172,721 182,432 169,489 196,826 Program revenues:

Governmental activities:

Charges for services:

General government 4,378 4,995 4,875 4,640 4,497 5,137 5,069 8,934 10,165 10,203 Public safety 2,195 2,209 2,521 2,079 3,414 3,268 2,524 4,216 4,950 4,763 Transportation 9,916 6,788 6,061 7,411 7,901 15,897 17,192 15,446 16,976 21,051 Community development 352 1,231 301 865 307 456 935 322 383 447 Cultural and recreation 5,901 4,909 5,540 5,653 6,010 4,638 2,447 2,768 4,064 5,897 Operating grants and contributions 527 639 737 630 381 393 763 12,466 8,998 537 Capital grants and contributions 15,292 20,516 16,638 11,537 18,216 32,241 23,439 21,005 26,456 17,368 Total governmental activities
program revenues
38,561 41,287 36,673 32,815 40,726 62,030 52,369 65,157 71,992 60,266

LAST TEN FISCAL YEARS
(accrual basis of accounting)
(in thousands)
For the Fiscal Year Ended June 30,

CITY OF CLOVIS

CHANGES IN NET POSITION
112
168
AGENDA ITEM NO. 9.
2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Business-type activities:

Charges for services:

Community sanitation 17,240 17,608 17,692 18,083 19,235 20,022 21,116 23,166 25,034 26,559 Sewer 18,130 21,974 21,167 18,942 21,214 21,281 24,673 21,007 23,678 25,343 Water 18,580 19,050 16,599 34,174 20,923 26,115 22,032 23,542 27,751 28,214 Transit 1,473 1,541 1,608 1,597 1,692 1,729 1,920 2,675 2,921 3,007 Planning & Development Services 8,630 8,159 8,807 9,619 9,828 10,522 12,029 11,737 11,403 12,238 Operating grants and contributions 2,879 4,247 4,056 4,464 4,590 5,463 4,542 4,496 5,328 5,849 Capital grants and contributions 3,535 4,059 2,721 1,935 2,854 7,302 2,102 2,652 2,598 1,406 Total business-type activities
program revenues 70,467 76,638 72,650 88,814 80,336 92,434 88,414 89,275 98,713 102,616 Total primary government
program revenues 109,028 117,925 109,323 121,629 121,062 154,464 140,783 154,432 170,705 162,882 Net revenues (expenses):

Governmental activities (23,748) (23,627) (30,920) (42,299) (44,342) (26,067) (41,922) (32,562) (15,137) (46,619) Business-type activities 9,929 16,047 10,606 24,748 10,475 18,624 9,984 4,562 16,353 12,675 Total net revenues (expenses) (13,819) (7,580) (20,314) (17,551) (33,867) (7,443) (31,938) (28,000) 1,216 (33,944) General revenues and other changes in net position
Governmental activities:

Taxes:

Property taxes 19,159 19,842 20,649 22,392 24,833 26,668 28,520 30,378 33,241 36,213 Sales tax 16,923 18,039 19,120 19,676 20,432 21,597 22,394 27,526 31,106 30,238 Business license & Franchise Taxes 4,664 4,984 5,271 5,300 6,891 5,789 6,009 2,600 2,768 2,948 Transient occupancy taxes 2,097 2,329 2,552 2,705 2,871 2,896 2,743 3,538 3,780 4,310 Grants and contributions not restricted 131 172 183 178 186 504 Unrestricted investment earnings 138 163 234 272 566 1,476 3,037 456 (2,638) 1,198 Transfers (437) (461) (850) (488) (507) (1,180) (250) (500) (460) (450) Total governmental activities 42,675 45,068 47,159 50,035 55,272 57,750 62,453 63,998 67,797 74,457 Business-type activities:

Unrestricted investment earnings 224 274 506 679 1,442 2,734 4,899 56 (3,280) 2,299 Transfers 437 461 850 488 507 1,180 250 500 460 450 Total business-type activities 661 735 1,356 1,167 1,949 3,914 5,149 556 (2,820) 2,749 Total primary government 43,336 45,803 48,515 51,202 57,221 61,664 67,602 64,554 64,977 77,206 Changes in net position
Governmental activities 18,927 21,441 16,239 7,736 10,930 31,683 20,531 31,436 52,660 27,838 Business-type activities 10,590 16,782 11,962 25,915 12,424 22,538 15,133 5,118 13,533 15,424 Total primary government 29,517 $ 38,223 $ 28,201 $ 33,651 $ 23,354 $ 54,221 $ 35,664 $ 36,554 $ 66,193 $ 43,262 $ 113
169
AGENDA ITEM NO. 9.

Fiscal Year
Ended
June 30, Taxes
Licenses
and
Permits
Fines and
Forfeitures
Use of
Money and
Property
From
Other
Agencies
Charges
for
Service
Other
Revenue Total
2014 42,837,215$ 593,886$ 148,495$ 122,725$ 19,056,135$ 6,945,717$ 5,368,776$ 75,072,949$ 2015 45,191,980 583,060 207,358 144,328 12,484,156 5,794,337 5,469,201 69,874,420 2016 47,591,661 584,412 253,841 170,213 10,990,248 6,544,320 5,730,691 71,865,386 2017 50,072,582 330,336 140,193 173,524 11,473,015 8,060,073 5,634,697 75,884,420 2018 55,019,558 412,460 227,831 585,707 13,962,855 7,442,164 5,358,986 83,009,561 2019 56,949,844 778,319 195,146 1,134,952 15,787,432 9,620,602 5,831,451 90,297,746 2020 59,666,331 526,291 188,334 1,914,715 26,007,449 7,788,344 6,185,944 102,277,408 2021 67,802,558 804,977 150,920 271,010 31,247,370 8,054,434 6,153,290 114,484,559 2022 74,945,949 1,374,447 189,018 (1,578,778) 29,337,210 9,803,524 6,723,637 120,795,007 2023 77,886,573 1,332,924 260,164 664,075 28,278,996 11,761,752 6,959,681 127,144,165 Note: Includes all governmental fund types (General, Special Revenue, Debt Service and Capital Projects Funds).

CITY OF CLOVIS

GENERAL GOVERNMENT REVENUES BY SOURCE

LAST TEN FISCAL YEARS
-$10,000,000
$0
$10,000,000
$20,000,000
$30,000,000
$40,000,000
$50,000,000
$60,000,000
$70,000,000
$80,000,000
2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fiscal Year Ended June 30,
Taxes Licenses
and
Permits
Fines and
Forfeitures
Use of
Money and
Property
From
Other
Agencies
Charges
for
Service
Other
Revenue
114
170
AGENDA ITEM NO. 9.

Fiscal Year
Ended General Public Community Culture and Capital
June 30, Government Safety Transportation Development Recreation Outlays Total 2014 5,546,340$ 38,498,881$ 3,430,068$ 302,091$ 5,235,028$ 14,510,295$ 67,522,703$ 2015 5,622,192 40,767,185 3,595,841 917,702 5,409,366 9,800,799 66,113,085 2016 5,620,922 43,136,838 3,828,619 577,483 5,541,908 6,523,827 65,229,597 2017 6,287,114 46,476,211 4,032,061 1,757,867 5,914,052 8,516,678 72,983,983 2018 6,163,620 49,688,800 4,169,509 1,913,909 6,108,769 6,907,009 74,951,616 2019 6,818,113 52,034,209 4,506,493 686,251 6,993,547 9,818,090 80,856,703 2020 6,930,929 54,300,092 4,438,270 330,247 7,040,642 23,836,451 96,876,631 2021 7,576,845 58,574,671 4,481,127 2,999,876 7,179,605 10,712,079 91,524,203 2022 7,464,459 63,297,211 5,194,042 846,379 8,471,633 12,760,383 98,034,107 2023 8,120,203 72,210,311 5,362,350 1,177,004 9,617,862 27,957,286 124,445,016 Notes: Includes all governmental fund types (General, Special Revenue, Debt Service and Capital Projects Funds).

CITY OF CLOVIS

GENERAL GOVERNMENT EXPENDITURES BY FUNCTION

LAST TEN FISCAL YEARS
$0
$10,000,000
$20,000,000
$30,000,000
$40,000,000
$50,000,000
$60,000,000
$70,000,000
$80,000,000
2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fiscal Year Ended June 30,
General Government Public Safety Transportation Community Development Culture and Recreation Capital Outlays 115
171
AGENDA ITEM NO. 9.
2014 2015 2016 2017 2018
Revenues:

Property taxes 19,159,555$ 19,842,732$ 20,649,898$ 22,391,753$ 24,832,576$ Sales taxes 16,916,615 18,037,581 19,119,633 19,675,483 20,425,341 Business license & Franchise taxes 4,664,123 4,929,246 5,271,321 5,300,062 6,891,105 Transient occupancy taxes 2,096,922 2,382,421 2,550,809 2,705,284 2,870,536 Licenses and permits 593,886 583,060 584,412 330,336 412,460 Fines and forfeitures 148,495 207,358 253,841 140,193 227,831 Use of money and property 122,725 144,328 170,213 173,524 585,707 From other agencies 19,056,135 12,484,156 10,990,248 11,473,015 13,962,855 Charges for current services 6,945,717 5,794,337 6,544,320 8,060,073 7,442,164 Other revenues 5,368,776 5,469,201 5,730,691 5,634,697 5,358,986 Total revenues 75,072,949 69,874,420 71,865,386 75,884,420 83,009,561 Expenditures
Current:

General government 5,546,340 5,622,192 5,620,922 6,287,114 6,163,620 Public safety 38,498,881 40,767,185 43,136,838 46,476,211 49,688,800 Transportation 3,430,068 3,595,841 3,828,619 4,032,061 4,169,509 Community development 302,091 917,702 577,483 1,757,867 1,913,909 Cultural and recreation 5,235,028 5,409,366 5,541,908 5,914,052 6,108,769 Debt service:

Principal
I
nterest and fiscal charges
Bond issue costs
Capital outlays 14,510,295 9,800,799 6,523,827 8,516,678 6,907,009 Total expenditures 67,522,703 66,113,085 65,229,597 72,983,983 74,951,616 Excess (deficiency) of revenues
over (under) expenditures 7,550,246 3,761,335 6,635,789 2,900,437 8,057,945 Other financing sources (uses):

Transfers in 18,995
Transfers out (1,256,080) (1,211,000) (4,050,000) (3,188,000) (506,700) Total other financing sources (uses) (1,237,085) (1,211,000) (4,050,000) (3,188,000) (506,700) Net change in Fund balances 6,313,161$ 2,550,335$ 2,585,789$ (287,563)$ 7,551,245$ Debt service as a percentage of noncapital expenditures 0.0% 0.0% 0.0% 0.0% 0.0% For the Fiscal Year Ended June 30,

CITY OF CLOVIS

CHANGES IN FUND BALANCES OF GOVERNMENTAL FUNDS

LAST TEN FISCAL YEARS
(modified accrual basis of accounting)

116
172
AGENDA ITEM NO. 9.
2019 2020 2021 2022 2023
Property taxes 26,667,913$ 28,520,413$ 30,377,419$ 33,240,530$ 36,213,178$ Sales taxes 21,597,179 22,393,757 27,526,307 31,105,966 30,238,078 Business license & Franchise taxes 5,788,765 6,008,671 6,360,691 6,819,233 7,125,400 Transient occupancy taxes 2,895,987 2,743,490 3,538,141 3,780,220 4,309,917 Licenses and permits 778,319 526,291 804,977 1,374,447 1,332,924 Fines and forfeitures 195,146 188,334 150,920 189,018 260,164 Use of money and property 1,134,952 1,914,715 271,010 (1,578,778) 664,075 From other agencies 15,787,432 26,007,449 31,247,370 29,337,210 28,278,996 Charges for current services 9,620,602 7,788,344 8,054,434 9,803,524 11,761,752 Other revenues 5,831,451 6,185,944 6,153,290 6,723,637 6,959,681 Total revenues 90,297,746 102,277,408 114,484,559 120,795,007 127,144,165 Current:

General government 6,818,113 6,930,929 7,576,845 7,464,459 8,120,203 Public safety 52,034,209 54,300,092 58,574,671 63,297,211 72,210,311 Transportation 4,506,493 4,438,270 4,481,127 5,194,042 5,362,350 Community development 686,251 330,247 2,999,876 846,379 1,177,004 Cultural and recreation 6,993,547 7,040,642 7,179,605 8,471,633 9,617,862 Debt service:

Principal
Interest and fiscal charges
Bond issue costs
Capital outlays 9,818,090 23,836,451
10,712,079 12,760,383 27,957,286
Total expenditures 80,856,703 96,876,631 91,524,203 98,034,107 124,445,016 Excess (deficiency) of revenues
over (under) expenditures 9,441,043 5,400,777 22,960,356 22,760,900 2,699,149 Transfers in 156,000 454,000 128,000 Transfers out (1,975,000) (3,110,000) (18,445,300) (9,015,300) (3,501,000) Total other financing sources (uses) (1,819,000) (2,656,000) (18,445,300) (9,015,300) (3,373,000) Net change in Fund balances 7,622,043$ 2,744,777$ 4,515,056$ 13,745,600$ (673,851)$

0.0% 0.0% 0.0% 0.0% 0.0%
For the Fiscal Year Ended June 30,

CITY OF CLOVIS

CHANGES IN FUND BALANCES OF GOVERNMENTAL FUNDS

LAST TEN FISCAL YEARS
(modified accrual basis of accounting)

117
173
AGENDA ITEM NO. 9.

Fiscal Year
Ended
June 30, Nonspendable Restricted Assigned Unassigned Total 2014 855,000$ 2,188,316$ 9,451,000$ 1,611,802$ 14,106,118$ 2015 855,000 2,368,439 10,000,000 3,702,156 16,925,595 2016 2,738,023 11,779,000 2,925,095 17,442,118 2017 3,189,504 12,152,000 708,019 16,049,523 2018 4,309,112 12,424,000 3,618,238 20,351,350 2019 4,960,824 13,512,000 4,433,151 22,905,975 2020 5,811,491 13,748,000 4,114,250 23,673,741 2021 6,680,015 17,011,500 1,280,958 24,972,473 2022 7,434,722 20,844,500 8,414,521 36,693,743 2023 8,211,235 22,215,100 7,408,320 37,834,655 Fiscal Year
Ended
June 30, Nonspendable Restricted Assigned Unassigned Total 2014 6,762,061$ 8,115,950$ 8,889,586$ 23,767,597$ 2015 6,865,628 6,349,429 10,283,400 23,498,457 2016 16,002,504 4,423,900 20,426,404
2017 7,528,473 18,886,282 258,000 26,672,755 2018 26,555,512 258,000 26,813,512
2019 27,613,930 4,267,000 31,880,930
2020 32,145,941 1,712,000 33,857,941
2021 35,202,765 1,871,500 37,074,265
2022 29,800,295 9,298,300 39,098,595
2023 30,571,832 6,712,000 37,283,832
All Other Governmental Funds
General Fund

CITY OF CLOVIS

FUND BALANCES OF GOVERNMENTAL FUNDS

LAST TEN FISCAL YEARS
(modified accrual basis of accounting)
118
174
AGENDA ITEM NO. 9.

Fiscal
Year Real Property Personal Property Exemptions Net Total Ended Assessed Estimated Assessed Estimated Assessed Estimated Direct June 30, Value Actual Value Value Actual Value Homeowners Value Actual Value Tax Rate 2014 7,507,886,552$ 7,507,886,552$ 198,810,435$ 198,810,435$ 103,378,700$ 7,603,318,287$ 7,706,696,987$ 0% 2015 8,158,612,400 8,158,612,400 204,592,938 204,592,938 101,969,400 8,261,235,938 8,363,205,338 0% 2016 8,696,361,855 8,696,361,855 213,125,102 213,125,102 100,450,200 8,809,036,757 8,909,486,957 0% 2017 9,179,714,485 9,179,714,485 214,596,488 214,596,488 99,120,700 9,295,190,273 9,394,310,973 0% 2018 10,033,990,678 10,033,990,678 221,666,625 221,666,625 97,686,900 10,157,970,403 10,255,657,303 0% 2019 10,593,683,186 10,593,683,186 212,862,653 212,862,653 96,576,100 10,709,969,739 10,806,545,839 0% 2020 11,401,543,797 11,401,543,797 213,768,044 213,768,044 96,322,900 11,518,988,941 11,615,311,841 0% 2021 12,221,160,827 12,221,160,827 235,685,766 235,685,766 96,035,100 12,360,811,493 12,456,846,593 0% 2022 13,064,591,432 13,064,591,432 234,727,451 234,727,451 94,233,600 13,205,085,283 13,299,318,883 0% 2023 14,175,785,247 14,175,785,247 266,218,727 266,218,727 94,756,500 14,347,247,474 14,442,003,974 0% Note: Effective fiscal year 1981-82 and fiscal years thereafter, assessed value is 100% of market value.

The rate applied to the assessed value for county wide property tax is 1%.

Source: Fresno County Auditor Controller/Treasurer Tax Collector FY2022-23 Tax Rate Book

CITY OF CLOVIS

ASSESSED AND ESTIMATED ACTUAL VALUE OF PROPERTY

LAST TEN FISCAL YEARS
119
175
AGENDA ITEM NO. 9.

Fiscal Year Clovis Unified State Center
Ended City of School District General Obligation
June 30, Clovis Bond Bond County Wide Total
2014 0.000000 0.155350 0.009602 1.000000 1.164952
2015 0.000000 0.155346 0.009308 1.000000 1.164654
2016 0.000000 0.155350 0.008064 1.000000 1.163414
2017 0.000000 0.155350 0.008480 1.000000 1.163830
2018 0.000000 0.398998 0.025934 1.000000 1.424932
2019 0.000000 0.155350 0.022966 1.000000 1.178316
2020 0.000000 0.155352 0.025786 1.000000 1.181138
2021 0.000000 0.155356 0.025672 1.000000 1.181028
2022 0.000000 0.155350 0.018088 1.000000 1.173438
2023 0.000000 0.155330 0.028470 1.000000 1.183800
Note: The basis for the tax rates is per $100 assessed valuation.

Source: Fresno County Auditor Controller/Treasurer Tax Collector FY2022-23 Tax Rate Book

CITY OF CLOVIS

PROPERTY TAX RATES - DIRECT AND OVERLAPPING GOVERNMENT

LAST TEN FISCAL YEARS
120
176
AGENDA ITEM NO. 9.

Percent of Percent of
Total City Total City
Taxable Taxable Taxable Taxable
Assessed Assessed Assessed Assessed
Taxpayer Value (1) Rank Value Value (1) Rank Value
Fresno Community Hospital & Medical CTR 140,442$ 1 0.90% 110,369$ 1 1.45% 310 Amedeo Owner LLC 64,471 2 0.42%
Community Hospitals of Central California 52,712 3 0.34% RLO LLC 48,249 4 0.31%
LTC West Inc 37,928 5 0.25%
Lennar Homes of California Inc 35,524 6 0.23% Prindiville Dennis Trustee 34,832 7 0.23% 44,073 3 0.58% PD Village Green LP 31,951 8 0.21%
Landvalue 37 LLC 29,772 9 0.19%
6050 Enterprises LP 29,298 10 0.19%
Pelco 66,605 2 0.88%
BRE Throne Clovis Commons LLC 36,972 4 0.49% Clovis-Herndon Center II LLC 24,600 5 0.32% Wal-Mart Real Estate Business Trust 24,076 6 0.32% GSF Sunnyside Clovis Investors L P 22,228 7 0.29% Copper Beech Townhome Communities 21,378 8 0.28% Burgess Smith & Wathen Parnership VII 19,762 9 0.26% Clovis Apartment Group LLC 19,561 10 0.26% 505,179$ 3.26% 389,624 $ 5.13%
(1) Amounts in thousands.

Source: City of Clovis-GIS
Fresno County Assessor

CITY OF CLOVIS

PRINCIPAL PROPERTY TAX PAYERS

CURRENT YEAR AND TEN YEARS AGO
20142023
121
177
AGENDA ITEM NO. 9.

Ratio of Ratio of
Percent of Total Tax Current
Fiscal Year Total Current Delinquent Total Collections Current Delinquent Ended Tax Current Tax Taxes Tax Tax to Total Delinquent Taxes to Total June 30, Levy Collections Collected Collections₁ Collections Tax Levy Taxes Tax Levy₂ 2014 9,957,414$ 9,627,588 $ 96.7 216,607 $ 9,844,195$ 98.9 148,664 $ 1.493 2015 10,824,263 10,592,809 97.9 202,176 10,794,985 99.7 155,869 1.440 2016 11,475,064 11,371,562 99.1 111,527 11,483,089 100.1 159,503 1.390 2017 12,116,560 11,966,405 98.8 160,797 12,127,202 100.1 169,390 1.398 2018 13,366,204 13,159,337 98.5 268,359 13,427,696 100.5 187,528 1.403 2019 14,248,564 13,928,737 97.8 138,109 14,066,846 98.7 196,915 1.382 2020 14,932,240 14,428,282 96.6 196,398 14,624,680 97.9 244,291 1.636 2021 16,131,046 15,784,387 97.9 325,023 16,109,410 99.9 231,803 1.437 2022 17,256,877 16,649,714 96.5 282,717 16,932,431 98.1 260,234 1.508 2023 18,909,514 18,216,075 96.3 305,208 18,521,283 97.9 313,898 1.660 Notes: Amounts include only General Fund tax collections. ₁ Includes prior year delinquent tax collections.
₂ The ratio of current delinquent taxes represents the Fresno County wide rate as the County of Fresno is unable to provide the City of Clovis' delinquent tax ratio.

Sources: Fresno County Assessor's Office
Fresno County Auditor Controller

CITY OF CLOVIS

PROPERTY TAX LEVIES AND COLLECTIONS

LAST TEN FISCAL YEARS
122
178
AGENDA ITEM NO. 9.

Fiscal Year Tax Special Lease Loans/ Notes/Direct Debt Debt Ended Allocation Assessmen t Revenue Revenue Capital Contracts Placements Per Per June 30, Bonds (1) Bonds (1) Bonds (1) Bonds (1) Leases (1) Payable (1) Payable (1) Total AV Capita 2014 0$ 0 $ 0 $ 0$ 26,255,248$ 2,120,278$ 0$ 28,375,526$ 0.004$ 278$ 2015 0 0 0 0 23,655,822 1,805,112 0 25,460,934 0.003 244 2016 0 0 0 0 26,850,329 1,724,379 0 28,574,708 0.004 274 2017 0 0 0 0 24,154,921 1,480,623 0 25,635,544 0.003 231 2018 0 0 0 0 22,066,356 1,195,510 0 23,261,866 0.002 204 2019 0 0 0 0 11,284,736 2,745,885 8,997,833 23,028,454 0.002 197 2020 0 0 0 0 9,413,689 2,768,483 7,992,401 20,174,573 0.002 169 2021 0 0 0 13,943,941 0 2,439,906 16,494,902 32,878,749 0.003 270 2022 0 0 0 13,773,862 0 2,170,424 13,834,128 29,778,414 0.002 241 2023 0 0 0 13,473,784 0 1,908,905 11,370,846 26,753,535 0.002 215 2014 0$ 0 $ 0 $ 141,888,294$ 0$ 9,783,356$ 0$ 151,671,650$ 0.020$ 1,484 $ 2015 0 0 0 137,462,213 0 9,018,510 0 146,480,723 0.018 1,404 2016 0 0 0 130,540,195 0 8,205,774 0 138,745,969 0.017 1,330 2017 0 0 0 125,639,953 0 7,350,311 0 132,990,264 0.014 1,201 2018 0 0 0 118,831,052 0 6,449,775 0 125,280,827 0.012 1,100 2019 0 0 0 114,115,888 0 5,502,287 0 119,618,175 0.011 1,022 2020 0 0 0 109,265,725 0 4,505,030 0 113,770,755 0.010 955 2021 0 0 0 104,255,563 0 3,455,186 0 107,710,749 0.010 884 2022 0 0 0 99,030,400 0 2,355,574 0 101,385,974 0.009 820 2023 0 0 0 93,585,238 0 1,203,845 0 94,789,083 0.007 761 2014 0$ 0 $ 0 $ 141,888,294$ 26,255,248$ 11,903,634$ 0$ 180,047,176$ 0.024$ 1,762 $ 2015 0 0 0 137,462,213 23,655,822 10,823,622 0 171,941,657 0.021 1,648 2016 0 0 0 130,540,195 26,850,329 9,930,153 0 167,320,677 0.021 1,604 2017 0 0 0 125,639,953 24,154,921 8,830,934 0 158,625,808 0.017 1,432 2018 0 0 0 118,831,052 22,066,356 7,645,285 0 148,542,693 0.015 1,304 2019 0 0 0 114,115,888 11,284,736 8,248,172 8,997,833 142,646,629 0.013 1,219 2020 0 0 0 109,265,725 9,413,689 7,273,513 7,992,401 133,945,328 0.012 1,124 2021 0 0 0 118,199,504 0 5,895,092 16,494,902 140,589,498 0.013 1,154 2022 0 0 0 112,804,262 0 4,525,998 13,834,128 131,164,388 0.011 1,061 2023 0 0 0 107,059,022 0 3,112,750 11,370,846 121,542,618 0.008 976 (1) Presented net of original issuance discounts and premiums.

Source: City of Clovis Finance Department
Total Primary Government
Governmental Activities
Business-type Activities

CITY OF CLOVIS

RATIOS OF OUTSTANDING DEBT BY TYPE

LAST TEN FISCAL YEARS
123
179
AGENDA ITEM NO. 9.

Fiscal Year Ratio of Net Net
Ended Estimated Assessed Gross Bonde d Less Debt Net Bonded Debt to Bonded Debt June 30, Population Valuation Debt (1) Service Fund Bonded Debt Assessed Value Per Capita 2014 102,188 7,507,886,552$ 0 $ 0 $ 0 $ 0.00% 0 $ 2015 104,339 8,158,612,400 0 0 0 0.00% 0
2016 108,039 8,696,361,855 0 0 0 0.00% 0
2017 110,762 9,179,714,485 0 0 0 0.00% 0
2018 113,883 10,157,970,403 0 0 0 0.00% 0
2019 117,003 10,709,969,739 0 0 0 0.00% 0
2020 119,175 11,518,988,941 0 0 0 0.00% 0
2021 121,834 12,360,811,493 0 0 0 0.00% 0
2022 123,665 13,205,085,283 0 0 0 0.00% 0
2023 124,523 14,347,247,474 0 0 0 0.00% 0
(1) Amount does not include special assessment bonds.

Source: Fresno County Auditor Controller/Treasurer Tax Collector

CITY OF CLOVIS

RATIO OF NET GENERAL OBLIGATION BONDED DEBT

TO ASSESSED VALUE AND NET GENERAL OBLIGATION BONDED DEBT PER CAPITA

LAST TEN FISCAL YEARS
124
180
AGENDA ITEM NO. 9.

Total Ratio of
Fiscal Year General Debt Service to
Ended Total Governmental General Government
June 30, Principal Interest Debt Service Expenditures (1) Expenditures 2014 0 $ 0 $ 0$ 67,522,703$ 0.0 2015 0 0 0 66,113,085 0.0
2016 0 0 0 65,229,597 0.0
2017 0 0 0 72,983,983 0.0
2018 0 0 0 74,951,616 0.0
2019 0 0 0 80,856,703 0.0
2020 0 0 0 96,876,631 0.0
2021 0 0 0 91,524,203 0.0
2022 0 0 0 98,034,107 0.0
2023 0 0 0 124,445,016 0.0
(1) Includes all governmental fund types (General, Special Revenue, Debt Service and Capital Projects Funds).

CITY OF CLOVIS

RATIO OF ANNUAL DEBT SERVICE EXPENDITURES

FOR GENERAL OBLIGATION BONDED DEBT

TO TOTAL GENERAL GOVERNMENTAL EXPENDITURES

LAST TEN FISCAL YEARS
125
181
AGENDA ITEM NO. 9.
2022/2023 Assessed Valuation: 14,442,003,974$
Direct and Overlapping Debt: % Applicable* Debt
Direct Debt:

City of Clovis Direct Borrowings 100.00% 11,370,846$
City of Clovis Revenue Bonds 100.00% 13,473,784
City of Clovis Loans Payable 100.00% 1,908,905
Total Net Direct and Direct Bonded Debt 26,753,535$
Overlapping Bonded Debt:

Fresno County General Fund Obligations 14.629% 3,126,949$ Fresno County Pension Obligations 14.629% 27,994,548
State Center Community College District 13.396% 52,902,144 Clovis Unified School District 42.825% 179,339,001
Clovis Unified School District General Fund Obligations 42.825% 49,062,873 Clovis Memorial District General Fund Obligations 45.640% 1,583,708 Fresno Unified School District 2.097% 17,276,900
Fresno Unified School District General Fund Obligations 2.097% 113,133 Sanger Unified School District 1.240% 2,953,364
Sanger Unified School District General Fund Obligations 1.240% 1,695,948 Total Gross Overlapping Bonded Debt 336,048,568$
Overlapping Tax Increment Debt:

Total Gross Overlapping Tax Increment Debt 100.00% 9,535,000 Total Gross Overlapping Debt 345,583,568$
Total Net Direct and Overlapping Bonded Debt 372,337,103$ (1) (1) Excludes tax and revenue anticipation notes, enterprise revenue, mortgage revenue and tax allocation bonds and non-bonded capital lease obligations.

Ratios to Assessed Valuation:

Total Overlapping Tax and Assessment Debt 2.39%
Total Direct and Direct Bonded Debt 0.19%
Combined Total Debt 2.58%
Ratios to Redevelopment Incremental Valuation $1,070,598,713 Total Overlapping Tax Increment Debt 0.89%
Share of Authorized and Unsold Bonds:

City of Clovis 2,000,000$
Hasn’t changed
Source: California Municipal Statistics & City of Clovis since 1995. *The percentage of overlapping debt applicable to the City is estimated using taxable assessed property value.

Applicable percentages were estimated by determining the portion of the overlapping district's assessed value that is within the boundaries of the City divided by the district's total assessed value.

CITY OF CLOVIS

COMPUTATION OF DIRECT AND OVERLAPPING GOVERNMENTAL ACTIVITIES DEBT JUNE 30, 2023
126
182
AGENDA ITEM NO. 9.

Total Net Debt
Fiscal Year Total Net Debt Applicable to the Limit
Ended Applicable to Legal Debt As a Percentage
June 30, Debt Limit Limit Margin of Debt Limit
2014 1,156,004,548$ 0 1,156,004,548$ 0
2015 1,254,480,801 0 1,254,480,801 0
2016 1,336,423,044 0 1,336,423,044 0
2017 1,409,146,646 0 1,409,146,646 0
2018 1,538,348,595 0 1,538,348,595 0
2019 1,620,981,876 0 1,620,981,876 0
2020 1,742,296,776 0 1,742,296,776 0
2021 1,868,526,989 0 1,868,526,989 0
2022 1,994,897,832 0 1,994,897,832 0
2023 2,166,300,596 0 2,166,300,596 0
LEGAL DEBT MARGIN CALCULATION FOR FISCAL YEAR 2023
Assessed Valuations:

Assessed Value 14,347,247,474$
Add back exempt property 94,756,500
Total Assessed Value 14,442,003,974$
Legal Debt Margin:

Debt Limitation-15 percent of total assessed value 2,166,300,596$ Debt applicable to Limitation:

Total bonded debt 0$
Less: Amount in debt service funds available
for payment of principal 0
Total debt applicable to Limitation 0
Legal Debt Margin: 2,166,300,596$

CITY OF CLOVIS

COMPUTATION OF LEGAL DEBT MARGIN INFORMATION

LAST TEN FISCAL YEARS
127
183
AGENDA ITEM NO. 9.

Fiscal Year Net Revenue
Ended Gross Operating Available for Debt Service Requirements (3) June 30, Revenues (1) Expenses (2) Debt Service Principal Interest Total Coverage 2014 16,106,761$ 13,524,511 $ 2,582,250 $ 595,000 $ 177,763 $ 772,763 $ 3.34 2015 16,612,320 14,612,658 1,999,662 625,000 146,765 771,765 2.59 2016 16,684,608 15,578,895 1,105,713 655,000 114,268 769,268 1.44 2017 16,883,872 15,600,372 1,283,500 690,000 80,063 770,063 1.67 2018 18,030,852 16,042,168 1,988,684 725,000 12,511 737,511 2.70 2019 19,172,744 18,301,846 870,898 0 0 0 N/A
2020 19,786,605 19,599,590 187,015 0 0 0 N/A
2021 20,538,541 19,990,095 548,446 0 0 0 N/A
2022 21,809,342 21,342,044 467,298 0 0 0 N/A
2023 23,586,930 23,231,505 355,425 0 0 0 N/A

SEWER SERVICE FUND
Fiscal Year Net Revenue
Ended Gross Operating Available fo
r Debt Service Requirements (3)
June 30, Revenues (4) Expenses (2) Debt Service Principal Interest Total Coverage 2014 18,219,581$ 8,360,501 $ 9,859,080 $ 1,345,000 $ 4,902,681 $ 6,247,681 $ 1.58 2015 22,072,796 8,248,142 13,824,654 1,870,000 4,801,933 6,671,933 2.07 2016 21,366,761 8,813,564 12,553,197 1,930,000 4,575,379 6,505,379 1.93 2017 19,205,582 9,069,315 10,136,267 1,480,000 2,837,163 4,317,163 2.35 2018 21,721,290 9,450,348 12,270,942 2,185,000 4,006,507 6,191,507 1.98 2019 22,175,017 10,126,785 12,048,232 2,075,000 3,806,133 5,881,133 2.05 2020 25,862,697 11,165,176 14,697,521 2,135,000 3,749,252 5,884,252 2.50 2021 20,806,290 11,339,009 9,467,281 2,210,000 3,688,531 5,898,531 1.61 2022 21,946,687 12,272,210 9,674,477 2,320,000 3,587,206 5,907,206 1.64 2023 25,557,340 13,041,364 12,515,976 2,430,000 3,466,555 5,896,555 2.12

WATER SERVICE FUND
Fiscal Year Net Revenue
Ended Gross Operating Available for Debt Service Requirements (3) June 30,
Revenues (4) Expenses (2) Debt Service Principal Interest Total Coverage 2014 19,996,964$ 10,730,310 $ 9,266,654 $ 1,455,000 $ 1,454,062 $ 2,909,062 $ 3.19 2015 19,133,751 10,860,381 8,273,370 1,630,000 1,367,074 2,997,074 2.76 2016 16,769,010 10,955,394 5,813,616 1,685,000 1,301,145 2,986,145 1.95 2017 18,717,047 11,977,373 6,739,674 1,755,000 1,232,816 2,987,816 2.26 2018 21,537,742 12,618,522 8,919,220 1,825,000 1,161,688 2,986,688 2.99 2019 27,118,081 13,346,057 13,772,024 1,890,000 1,087,826 2,977,826 4.62 2020 23,939,392 14,798,151 9,141,241 1,965,000 1,011,231 2,976,231 3.07 2021 22,776,199 21,116,633 1,659,566 2,050,000 958,688 3,008,688 0.55 2022 24,952,968 17,717,090 7,235,878 2,155,000 856,188 3,011,188 2.40 2023 28,597,236 18,381,039 10,216,197 2,265,000 748,438 3,013,438 3.39 (1) Total revenues, including interest.
(2) Total operating expenses exclusive of depreciation. (3) Includes principal and interest of revenue bonds only. It does not include the other debt reporte d
in the refuse and sewer funds.
(4) Total revenues, including interest and capital contributed by developers. The amount contribute d by developers is available for payment of annual debt service and is therefore included in gross revenue for the purposes of this schedule.

Note: This schedule does not represent legal bond covenants.

CITY OF CLOVIS

REVENUE BOND COVERAGE

LAST TEN FISCAL YEARS

REFUSE DISPOSAL FUND
128
184
AGENDA ITEM NO. 9.

Fiscal Year City Fresno County City
Ended City Unemployment Fresno County Unemployment Median June 30, Population Rate Population Rate Income 2014 102,188 2.21 8.50 964,040 10.40 65,095
2015 104,339 2.10 7.50 972,297 9.30 62,863
2016 108,039 3.55 7.20 984,541 9.30 62,863
2017 110,762 2.52 5.80 995,975 8.10 65,976
2018 113,883 2.82 4.40 1,007,229 7.60 78,146
2019 117,003 2.74 4.10 1,018,241 7.00 74,432
2020 119,175 1.86 12.10 1,023,358 14.60 89,398
2021 121,834 2.23 6.40 1,026,681 9.30 84,119
2022 123,665 1.50 3.40 1,011,273 5.70 84,837
2023 124,523 0.69 4.50 1,011,499 7.10 100,399
Sources: County of Fresno
Labor market Info EDD
United States Census
California Department of Finance
Note: Per capita income and total personal income information not available.

CITY OF CLOVIS

DEMOGRAPHIC STATISTICS

LAST TEN FISCAL YEARS
City Population
as % of

10.73 % Change County Population

12.23 11.31

10.60 11.49

11.79 11.65

11.12 10.97

12.31 129
185
AGENDA ITEM NO. 9.
2023
Percent of Percent of
Number of Total Number of Total
Employer Employees Rank Employment* Employees Employment* Clovis Unified School District 5,397 1 13.73% 5,760 1 19.20% Clovis Community Hospital 2,824 2 7.18% 1,513 2 5.04%
County of Fresno 1,590 3 4.04%
Wawona Frozen Foods 784 4 1.99% 943 4 3.14%
City of Clovis 756 5 1.92% 656 6 2.19%
Wal-Mart 690 6 1.76% 697 5 2.32%
Anlin Industries 500 7 1.27% 249 10 0.83%
Cen Cal Builders 417 8 1.06%
Costco 408 9 1.04% 255 9 0.85%
Target 387 10 0.98% 387 7 1.29%
Pelco 992 3 3.31%
Savemart 261 8 0.87%
* "Total Employment" as used above represents the total employment of all employers located within City limits based on a projection for June 2023.

Source: Employment Development Department or employer provided

CITY OF CLOVIS

PRINCIPAL EMPLOYERS

CURRENT YEAR AND TEN YEARS AGO
2014
130
186
AGENDA ITEM NO. 9.
2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Governmental Activities
General Government 43.150 41.850 43.850 44.850 46.850 46.650 47.100 47.100 48.100 50.100 Public Safety
Police 156.000 163.000 168.000 175.000 175.000 176.000 179.000 180.000 180.000 184.000 Fire 66.000 66.000 66.000 67.000 67.000 67.000 67.000 73.000 73.000 73.000 Transportation 14.800 14.950 13.950 14.000 14.040 14.140 16.140 16.140 17.190 17.290 Community Development 0.400 1.000 1.000 1.000 0.850 0.850 0.850 0.850 1.000 Culture & Recreation 24.700 24.200 26.000 25.750 26.630 26.630 26.680 27.680 27.930 29.830 Internal Service 27.525 29.225 30.225 31.225 31.235 30.435 32.835 32.835 32.885 34.985 Total Governmental
Activities 332.575 339.225 349.025 358.825 361.755 361.705 369.605 377.605 379.955 390.205 Business-Type Activitie
s
Refuse 42.560 44.310 44.310 43.960 45.060 49.060 51.160 51.410 55.710 60.010 Sewer 11.250 11.250 11.250 11.250 12.230 12.780 13.030 13.280 13.480 15.580 Water 34.300 34.300 35.300 36.850 37.890 39.040 40.040 41.540 43.190 45.240 Street Cleaning 4.790 6.790 6.790 6.790 6.740 6.740 6.740 6.740 6.240 6.690 Transit 22.525 24.125 25.325 25.325 25.325 25.325 25.425 27.425 27.425 27.425 Planning & Dev Services 43.000 45.000 45.000 45.000 47.000 53.350 56.000 55.000 61.000 61.850 Total Business-Type
Activities 158.425 165.775 167.975 169.175 174.245 186.295 192.395 195.395 207.045 216.795 Total Full-Time Employees 491.000 505.000 517.000 528.000 536.000 548.000 562.000 573.000 587.000 607.000 Source: City of Clovis - Adopted Budgets, Authorized Positions Notes: Decimals represent the portions of employees performing duties in two or more functions.

Internal Service Functions have been included in Governmental Activities.

Function

CITY OF CLOVIS

FULL-TIME CITY EMPLOYEES

LAST TEN FISCAL YEARS
131
187
AGENDA ITEM NO. 9.
2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Public Safety
Police:

S t a t i o n s 1111111111
Fire:

F i r e s t a t i o n s 5555555556
Public utilities:

Streets (miles) 380 384 391 410 415 419 421 427 431 432 Streetlights 10,308 10,461 10,479 11,022 11,088 11,692 11,702 11,700 12,023 12,127 Cultural and recreation:

P a r k s 5 96 26 36 46 66 76 97 27 98 4
C o m m u n i t y c e n t e r s 1111111111
Water:

Water mains (miles) 499 508 514 521 535 546 555 573 585 600 Sewer
Sanitary sewers (miles) 367 373 379 385 396 405 413 426 432 442 Source: City of Clovis

CITY OF CLOVIS

CAPITAL ASSET STATISTICS

BY FUNCTION

LAST TEN FISCAL YEARS
132
188
AGENDA ITEM NO. 9.
2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Police:
911 calls to dispatch* - - - - - - - 181,916 183,782 185,484 Number of crimes reported* - - 18,446 18,034 16,856 16,135 15,417 17,580 17,042 17,347 Public and Officer initiated calls 75,266 77,580 84,909 84,697 81,492 80,616 80,023 79,097 76,103 79,331 for service
Fire:

Number of emergency calls 8,290 10,098 10,069 9,661 9,974 10,399 10,662 10,274 10,772 12,183 Parks and recreation:

Number of recreation classes 95 119 130 138 151 169 18 40 58 62 Number of facility rentals 13 32 32 32 48 68 25 20 35 64 Water:

New connections 779 636 837 936 1,067 1,068 855 1,193 610 436 Average daily consumption 23,840 20,684 16,883 19,083 20,849 19,929 21,682 22,939 22,944 21,604 (thousands of gallons)
Sewer:

New connections 721 639 509 801 1,170 1,037 830 902 650 590 Average daily sewage treatment 6,949 6,862 6,543 6,776 6,928 7,618 7,630 7,886 7,914 7,925 (thousands of gallons)
* Prior Fiscal Year information unavailable.

Source: City of Clovis

CITY OF CLOVIS

OPERATING INDICATORS BY FUNCTION

LAST TEN FISCAL YEARS
133
189
AGENDA ITEM NO. 9.
2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Valuation (in Thousands) *
Residential 212,867 $ 232,729 $ 193,461 $ 265,411 $ 322,495 $ 236,922 $ 303,533 $ 357,447 $ 219,256 $ 248,361 $ Non-residential 27,434 18,558 40,127 44,613 31,892 111,915 82,164 32,095 33,580 36,304 Total 240,301 $ 251,287 $ 233,588 $ 310,024 $ 354,387 $ 348,837 $ 385,697 $ 389,542 $ 252,836 $ 284,665 $ New Dwelling Units *
Single Family 703 794 697 925 1,046 848 884 1,148 531 658 Multiple Family 189 117 0 58 304 0 228 90 328 0
Total 892 911 697 983 1,350 848 1,112 1,238 859 658
* Prior Fiscal Year information updated to properly reflect historical quantities and values.

Source: City of Clovis Building Department

CITY OF CLOVIS

BUILDING PERMIT VALUATIONS

LAST TEN YEARS
134
190
AGENDA ITEM NO. 9.

Date of Incorporation February 27, 1912
Form of Government Council/Manager
Number of Employees (full-time and part-time) 756
Area (square miles) 25.98
Miles of Streets 432
Number of Street Lights 12,127
Fire Protection:

Number of Stations 6
Number of Firefighters and Officers 70
Police Protection:

Number of Police Officers
and Other Sworn Personnel 112
Water Department:

Number of Water Services 39,986
Miles of Water Mains 600
Sewers:

Miles of Sanitary Sewers 442
Source: City of Clovis Authorized Budget for Fiscal Year 2022/2023

CITY OF CLOVIS

MISCELLANEOUS STATISTICS
June 30, 2023
135
191
AGENDA ITEM NO. 9.



























7KLVSDJHLVLQWHQWLRQDOO\OHIWEODQN

136
192
AGENDA ITEM NO. 9.

S
I
N
G
L
E
A
U
D
I
T
S
E
C
T
I
O
N
193
AGENDA ITEM NO. 9.
4660 La Jolla Village Drive, Suite 100
San Diego, California 92122

REPORT ON INTERNAL CONTROL OVER FINANCIAL REPORTING AND ON COMPLIANCE AND

OTHER MATTERS BASED ON AN AUDIT OF FINANCIAL STATEMENTS PERFORMED IN

ACCORDANCE WITH GOVERNMENT AUDITING STANDARDS
Independent Auditors’ Report
To the Honorable Mayor and Members of City Council
of the City of Clovis
Clovis, California
We have audited, in accordance with the auditing sta ndards generally accepted in the United States of America and the standards applicable to financial audits contained in Government Auditing Standards issued by the Comptroller General of the United States, the financial statements of the governmental activities, business-type activities, each major fund, and the aggregate remaining fund information of the City of Clovis, California (the “City”) as of and for the year ended June 30, 2023, and the related notes to the basic financial statements, which collectively comprise the City’s basic financial statements, and have issued our report thereon dated November 21, 2023.

Report on Internal Control Over Financial Reporting
In planning and performing our audit of the financial statements, we considered the City’s internal control over financial reporting (internal control) as a basis for designing audit pr ocedures 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 thei r assigned functions, to prevent, or detect and correct, misstatements on a timely basis. A material weakness is a deficiency, or a combinatio n of deficiencies, in internal control, such that there is a reasonable possibility that a ma terial misstatement of the ent ity’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 t han a material weakness, yet important enough to merit attention by those charged with governance.

Our consideration of internal control was for the limited purpose described in the first paragraph of this section and was not designed to identify all deficiencies in internal control that might be material weaknesses or significant deficiencies.

Given these limitations, during our audit we did not identify any deficiencies in inte rnal control that we consider to be material weaknesses. However, material weaknesses or significant deficiencies may exist that were not identified.

Report on Compliance and Other Matters
As part of obtaining reasonable assurance about whether the Ci ty’s basic financial statements are free from material misstatement, we performed tests of its compliance with cert ain provisions of laws, regulations, contracts, and grant agreements, noncompliance with which could have a dire ct and material effect on the determination of financial statement. However, providing an opinion on compliance with those provisions was not an objective of our audit, and accordingly, we do not express such an opinion. The result s of our tests disclosed no instances of noncompliance or other matters that are required to be reported under Government Auditing Standards. 194
AGENDA ITEM NO. 9.

To the Honorable Mayor and Members of City Council
of the City of Clovis
Clovis, California

Purpose of this Report
The purpose of this report is solely to describe the sc ope of our testing of internal control and compliance and the results of that testing, and not to provide an opinion on the effectiveness of the City’s internal control or on compliance.

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

San Diego, California
Novemb
er 21, 2023
140
195
AGENDA ITEM NO. 9.
4660 La Jolla Village Drive, Suite 100
San Diego, California 92122

REPORT ON COMPLIANCE FOR EACH MAJOR PROGRAM,

ON INTERNAL CONTROL OVER COMPLIANCE REQUIRED BY THE UNIFORM GUIDANCE,

AND ON SCHEDULE OF EXPENDITURES OF FEDERAL AWARDS
Independent Auditors’ Report
To the Honorable Mayo
r and Members of City Council
of the City of Clovis
Clovis, California
Report on Compliance for Each Major Federal Program
Opinion on Each Major Federal Program
We have audited the City of Clovis, California’s (the “Cit y”) compliance with the types of compliance requirements identified as subject to audit in the OMB Compliance Supplement that could have a direct and material effect on each of the City’s major federal programs for the year ended June 30, 2023. The City’s major federal programs are identified in the summary of the auditor's results section of the accompanying schedule of findings and questioned costs.

In our opinion, the City complied, in all material respects , with the types of compliance requirements referred to above that could have a direct and material effect on each of its major federal programs for the year ended June 30, 2023.

Basis for Opinion on Each Major Fed
eral Program
We conducted our audit of compliance in accordance with auditing standards generally ac cepted in the United States of America; the standards applicable to financial audits contained in Government Auditing Standards, issued by the Comptroller General of the United States; and the audit requirements of Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Princi ples, and Audit Requirements for Federal Awards (Uniform Guidance). Our responsibilities under those standards and the Uniform Guidance are further described in the Auditors’ Responsibilities for the Audit of Compliance section of our report.

We are required to be independent of the City and to meet our other ethical responsibilities, in accordance with relevant ethical requirements relating to our audit. We belie ve that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion on compliance for each major federal program. Our audit does not provide a legal determination of the City’s compliance with the compliance requirements referred to above.

Responsibilities of Management for Compliance
Management is respo
nsible for compliance with t he requirements referred to above and for the design, implementation, and maintenance of effective internal contro l over compliance with the requirements of laws, statutes, regulations, rules, and provisions of contracts or grant agreements applicable to the City’s federal programs. 196
AGENDA ITEM NO. 9.

To the Honorable Mayor and Members of City Council
of the City of Clovis
Clovis, California

Auditors’ Responsibilities for the Audit of Compliance
Our
objectives are to obtain reasonable assurance about whether material noncompliance with the compliance requirements referred to above occurred, whether due to fr aud or error, and express an opinion on the City’s compliance based on our audit. Reasonable assurance is a high level of assurance but is not absolute assurance and therefore is not a guarantee that an audit conducted in acco rdance with auditing standards generally accepted in the United States of America, Government Auditing Standards , and the Uniform Guidance w ill always detect material noncompliance when it exists. The risk of not detecting material noncompliance resulting from fraud is higher than for that resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control. Noncompliance with the compliance requirements referred to above is considered material if there is a substantial likelihood that, individually or in the aggregate, it would influence the judgment made by a reasonable user of the report on compliance about the City’s compliance with the requirements of each major federal program as a whole.

In performing an audit in accordance with auditing standard s generally accepted in the Un ited States of America, Government Auditing Standards, and the Uniform Guidance, we:
 Exercise professional judgment and maintain professional skepticism throughout the audit.  Identify and assess the risks of material noncompliance, whether due to fraud or error, and design and perform audit procedures responsive to those risks. Such proc edures include examining, on a test basis, evidence regarding the City’s compliance with the compliance requirements referred to above and performing such other procedures as we considered necessary in the circumstances.  Obtain an understanding of the City’s internal control over compliance relevant to the audit in order to design audit procedures that are appropriate in the circumstances and to test and report on internal control over compliance in accordance with the Uniform Guidance, but not for the purpose of expressing an opinion on the effectiveness of the City’s internal control over compliance. Accordingly, no such opinion is expressed.

We are required to communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and any significant deficiencie s and material weaknesses in internal control over compliance that we identified during the audit.

Report on Internal Control Over Compliance
A deficiency in internal contr
ol over compliance exists when the design or operation of a control over compliance does not allow management or employees, in the normal course of performing their assigned functions, to prevent, or detect and correct, noncompliance with a type of compliance requirement of a federal program on a timely basis. A material weakness in internal control over compliance is a deficiency, or a combination of deficiencies, in internal control over compliance, such that there is a reasonable possibility that material non compliance with a type of compliance requirement of a federal program w ill not be prevented, or detected and corrected, on a timely basis. A significant deficiency in internal control over compliance is a deficiency, or a combination of deficiencies, in internal control over compliance with a type of compliance requirement of a federal program that is less severe than a material weakness in internal control over compliance, yet important enough to merit attention by those charged with governance.

Our con s
ideration of internal control over compliance was for the limited purpose described in the Auditor’s Responsibilities for the Audit of Compliance section above and was not designed to identify all deficiencies in internal control over compliance that might be material weaknesses or significant deficiencies in internal control over compliance. Given these limitations, during our audit we di d not identify any deficiencies in internal control over compliance that we consider to be material weaknesses, as defined above. However, material weaknesses or significant deficiencies in internal control over compliance may exist that were not identified.

Our audit was not designed for the purpose of expressing an opinion on the effectiveness of internal control over compliance. Accordingly, no such opinion is expressed.
142
197
AGENDA ITEM NO. 9.

To the Honorable Mayor and Members of City Council
of the City of Clovis
Clovis, California

The purpo
se of this report on internal control over compliance is solely to describe the scope of our testing of internal control over compliance and the results of that testing based on the requi rements of the Uniform Guidance.

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

Report on S
chedule of Expenditures of Federal Awards Required by the Uniform Guidance We have audited the financial statements of the governmental activities, business-type activities, each major fund, and the aggregate remai
ning fund information of the City as of and for the year ended June 30, 2023, and the related notes to the financial statements, and have issued our report thereon dated November 21, 2023, which contained unmodified opinions on those financial statements. Our audit was conducted for the purpose of forming our opinions on the City’s financial statements. The accompanying Schedule of Expenditures of Federal Awards, as required by Title 2 U.S.

Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards , is presented for purposes of additional analys is and is not a required part of the financial statements. Such information is the responsibility of m anagement and was derived from and relates directly to the underlying accounting and other records used to prepare the financial statements. The information has been subjected to the auditing procedures applied in the audit of the basic financial statements and certain other procedures, including comparing and reconciling such information directly to the underlying accounting and other records used to prepare the financial statements or to the financia l statements themselves, and other additional procedures in accordance with auditing standards generally accepted in the United States of America. In our opinion, the Schedule of Expenditures of Federal Awards is fairly stated in all material respects in relation to the basic financial statements as a whole.

San Diego, California

November 21, 2023
143
198
AGENDA ITEM NO. 9.

City of Clovis
Schedule of Expenditures of Federal Awards
For the Year Ended June 30, 2023
See Notes to the Schedule of Expenditures of Federal Awards.

F ederal G rantor/Pass-Through Grantor/Program or Cluster Title Fe de ra l
Assistance
Listing Number Pass-Thr ough Entity Identifying Number
Federal
Expenditures
Amounts
Provided to
Subrecipients
U.S. Department of Housing and Urban Development
Direct Program:

CDBG Entitlement Grants Cluster:

Community Development Block Grant-Entitlement 14.218 B-18-MC-06-0062 62,627$ -$ Community Development Block Grant-Entitlement 14.218 B-19-MC-06-0062 57,324 - Community Development Block Grant-Entitlement 14.218 B-20-MC-06-0062 393,648 - Community Development Block Grant-Entitlement 14.218 B-21-MC-06-0062 293,984 - Community Development Block Grant-Entitlement 14.218 B-22-MC-06-0062 344,360 - Community Development Block Grant-Entitlement 14.218 B-23-MC-06-0062 17,584 - Community Development Block Grant-Entitlement 14.218 B-20-MW-06-0062 35,158 - CDBG Entitlement Grants Cluster 1,204,685 -
Total U.S. Department of Housing and Urban Development 1,204,685 - U.S. Department of the Interior, Bureau of Reclamation
Direct Program:

WaterSMART Program 15.514 BOR-DO-20-F002 2,243 1,921
Total U.S. Department of the Interior, Bureau of Reclamation 2,243 1,921 U.S. Department of Justice
Direct Programs:

Justice Assistance Grant Program 16.738 2022-15PBJA-22-GG-02693 17,995 - Total U.S. Department of Justice 17,995 -
U.S. Department of Transportation
Passed-Through California State Department of Transportation:

Highway Planning and Construction 20.205 06-5208 5,685,443 - Passed-Through California Office of Traffic Safety:

Highway Safety Cluster:

State and Community Highway Safety 20.600 PT22009 5,569 - State and Community Highway Safety 20.600 PT23023 12,774 - Highway Safety Cluster Total 18,343 -
Minimum Penalties for Repeat Offenders for Driving While Intoxicated 20.608 PT22009 14,656 - Minimum Penalties for Repeat Offenders for Driving While Intoxicated 20.608 PT23023 27,189 - Minimum Penalties for Repeat Offenders for Driving While Intoxicated Total 41,845 - Total U.S. Department of Transportation 5,745,631 -
U.S. Department of Homeland Security
Direct Programs:

Staffing for Adequate Fire and Emergency Response 97.083 EMW-2019-FF-00250 1,393,684 - Passed-Through County of Fresno:

State Homeland Security Program (SHSP) 97.067 97.067 31,000 - Total U.S. Department of Homeland Security 1,
424,684 -
Total Expenditures of Federal Awards 8,395,238$ 1,921$ 144
199
AGENDA ITEM NO. 9.

City of Clovis
Notes to the Schedule of Expenditures of Federal Awards For the Year Ended June 30, 2023
Note 1 – Rep
orting Entity
The financial reporting entity consists of (a) the primar y government, City of Clovis, California (the “City”), (b) organizations for which the primary government is fi nancially accountable, including the Clovis Community Development Agency (dissolved on February 1, 2012 and est ablished a Successor Agency, which is reported as a private-purpose trust fund in the City’s financial statements), Clovis Municipal Development Corporation, and Clovis Public Financing Authority, 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.

Note 2 – Basis of Accounting
Funds received under the various grant programs have been recorded within the general fund and special revenue funds of the City. The City utilizes the modified accrual method of accounting for the general fund and special revenue funds. The accompanying Schedule of Expenditures of Federal Awards (the “Schedule”) is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Therefore, some amounts presented in the schedule may differ from amounts presented in, or used in, the preparation of the City’s basic financial statements.

Note 3 – Schedule of Expenditures of Federal Awards
The accompanying Schedule presents the activity of all f ederal financial assistance programs of the City. Federal financial assistance received directly fr om federal agencies as well as federal financial assistance passed through the State of California, County of Fresno, and/or City of Fresno are included in the Schedule. The Schedule was prepared from only the accounts of various grant programs and, theref ore, does not present the financial position, change in net position or fund balance, or results of operations and cash flows of the City Note 4 – Subrecipients
The City passed-through $1,921 in Federal Assistance Listing No. 15.514 WaterSMART Program funding to the Fresno Metropolitan Flood Control District during the fiscal year ended June 30, 2023.

Note 5 – Indirect Cost Rate
The City did not elect to use the 10-percent de minimis indirect rate as allowed under the Uniform Guidance.

Note 6 – Contingencies
Under the t
erms of federal and state grants, additional audits may be requested by the grantor agencies and certain costs may be questioned as not being appropriate expenditures un der the terms of the grants. Such audits could lead to a request for reimbursement to the grantor agencies. 145
200
AGENDA ITEM NO. 9.

City of Clovis
Schedule of Findings and Questioned Costs
For the Year Ended June 30, 2023
SECTION I – SUMMARY OF AUDITORS’ RESULTS
Financial Statements
Type of auditors’ report issued: Unmo
dified
Internal control over financial reporting:
 Material weakness(es) identified? No

Significant deficiency(ies) identified? Non
e Reported
Noncompliance material to financial statements noted? No

Federal Awards
Internal control over major programs:
 Material weakness(es)
identified? No

Significant deficiency(ies) identified? Non
e Reported
Type of auditors’ report issued on compliance for major programs Unmodified Any audit findings disclosed that are required to be reported in Accordance with 2 CFR 200.516(a)? No

Identification of major programs:

Name of Federal Program or Cluster
Fe de r a l
Assistance
Listing
Number
Fe de r a l
Expenditures
Major Programs:

Highway Planning and Construction 20.205 5,685,443 $
Total Major Program Expenditures 5,685,443$
Total Expenditures of Federal Awards 8,395,238$
Percentage of Total Expenditures of Federal Awards 67.72% Dollar threshold used to distinguish between type A and type B programs $750,000 Auditee qualified as low-risk auditee in accordance with 2 CFR 200.520? No 146
201
AGENDA ITEM NO. 9.

City of Clovis
Schedule of Findings and Questioned Costs (Continued)
For the Year Ended June 30, 2023
SECTI
ON II – FINANCIAL STATEMENT FINDINGS
A. Current Year Financial Statement Findings
No financial statement findings were noted for the year ended June 30, 2023.

B. Prior Year Financial Statement Findings
No financial statement findings were noted for the year ended June 30, 2022. 147
202
AGENDA ITEM NO. 9.

City of Clovis
Schedule of Findings and Questioned Costs (Continued)
For the Year Ended June 30, 2023
SECTI
ON III – FEDERAL AWARDS FINDINGS AND QUESTIONED COSTS
A. Current Year Findings and Questioned Costs – Major Federal Award Program Audit (Continued) No findings or questioned costs were noted on major federal award programs for the year ended June 30, 2023.

B. Prior Year Findings and Questioned Costs – Major Federal Award Program Audit No findings or questioned costs were noted on major federal award programs for the year ended June 30, 2022. 148
203
AGENDA ITEM NO. 9.
4660 La Jolla Village Drive, Suite 100
San Diego, California 92122

REPORT ON COMPLIANCE AND OTHER MATTERS

AND ON INTERNAL CONTROL OVER FINANCIAL REPORTING BASED ON AN AUDIT OF THE FINANCIAL

STATEMENTS IN RELATION TO THE LOCAL TRANSPORTATION PURPOSE FUNDS PERFORMED IN

ACCORDANCE WITH GOVERNMENT AUDITING STANDARDS
Independent Auditors’ Report
To the Hon
orable Mayor and Members of City Council
of the City of Clovis
Clovis, California
We have audited, in accordance with the auditing standards generally accepted in the United States of America and the standards applicable to financial audits contained in Government Auditing Standards issued by the Comptroller General of the United States, the financial statements of t he governmental activities, the business-type activities, each major fund, and the aggregate remaining fund information of the Ci ty of Clovis, California (the “City”), as of and for the year ended June 30, 2023, and the related notes to the financ ial statements, which collectively comprise the City’s basic financial statements, and have issued our report thereon dated November 21, 2023.

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

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

Our consideration of internal control was for the limited purpose described in the first paragraph of this section and was not designed to identify all deficiencies in internal control that might be material weaknesses or significant deficiencies.

Given these limitations, during our audit we did not identify any deficiencies in inte rnal control that we consider to be material weaknesses. However, material weaknesses or significant deficiencies may exist that were not identified. 204 AGENDA ITEM NO. 9.

To the Honorable Mayor and Members of City Council
of the City of Clovis

Report on Compliance and Other Matters
As part of ob taining re
asonable assurance about whether t he financial statements are free of material misstatement, we performed tests of its compliance with certain provisio ns of laws, regulations, contra cts and grants, including the requirements of the California Public Utilities Code Section 142257 regulations as it applies to Local Transportation Purpose Funds noncompliance, with which could have a di rect and material effect on the financial statements.

However, providing an opinion on compliance with such prov isions was not an objective of our audit, and accordingly, we do not express such an opinion. The results of our tests disclosed no instances of noncompliance that are required to be reported herein under the California Public Utilitie s Code Section 142257 regulations as applies to Local Transportation Purpose Funds and Government Auditing Standards.

Purpose of This Report
The pu
rpose of this report is solely to describe the scope of our testing of internal control and compliance and the results of that testing, and not to provide an opinion on the effectiveness of the City’s internal control or on compliance.

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

San Diego, California

November 21, 2023
150
205
AGENDA ITEM NO. 9.
4660 La Jolla Village Drive, Suite 100
San Diego, California 92122
INDEPENDENT ACCOUNTANTS’ REPORT ON

APPLYING AGREED-UPON PROCEDURES
To the Honorable Mayor and Members of City Council
of the City of Clo
vis
Clovis, California
We have performed the procedures enumerated below to the accompanying Appropriations Limit Schedule of the City of Clovis, California (City) for the year ended June 30, 2023. The management of the City is responsible for the Appropriations Limit Schedule.

The City has agreed to and acknowledged that the proce dures performed are appropriate to meet the intended purpose of meeting the requirements set forth in Section 1. 5 of Article XIII-B of the California Constitution. These procedures, which were suggested by the League of California Cities and presented in the publication entitled Agreed- upon Procedures Applied to the Appropriations Limitation Prescribed by Ar ticle XIII-B of the California Constitution , were performed solely to assist you in meeting the requirements. This report may not be suitable for any other purpose. The procedures performed may not address all the items of interest to a user of this report and may not meet the needs of all users of this report and, as such, us ers are responsible for determi ning whether the procedures performed are appropriate for their purposes.

The procedures and the associated findings are as follows:

1. We obtained the completed worksheets for the ye ar ended June 30, 2023 and compared the limit and an nual adju
stment factors included in those worksheets to t he limit and annual adjustment factors included in those worksheets to the limit and annual adjustment factors that were adopted by resolution of the City Counci l. We also
compared the population and inflation options incl uded in the aforementioned wo rksheet to those that were s
elected 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 the last year’s limit to the total adjustme nts, and ag
reed the resulting amount to 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 corresponding information in worksheets used by the City.

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

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 exceptio
ns were noted as a result of our procedures.
206
AGENDA ITEM NO. 9.

To the Honorable Mayor and Members of the City Council
of the City of Clovis
Clovis, California

We were engaged by the City to perform this agreed-upon procedures engagement and conducted our engagement in accordan
ce with attestation st andards established by the American Institute of Certified Public Accountants. We were not engaged to, and did not, conduct an examination or re view engagement, the objective of which would be the expression of an opinion or conclusion, respectively, on t he accompanying Appropriation Limit Schedule. Accordingly, we do not express such an opinion or conclusion. Had we performed additional procedures, other matters might have come to our attention that would have been reported to you.

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

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

San Diego, California
November 21, 2023
152
207
AGENDA ITEM NO. 9.

City of Clovis
Appropriations Limit Schedule
For the Year Ended June 30, 2023
Amount Source
A. Appropriations Limit FY 2022 351,691,295$ Prior year B. Calculation Factors:
1) Population increase % 1.0164 State Department of Finance 2) Inflation increase % 1.0755 State Department of Finance 3) Total adjustment % 1.0931 (B1*B2)
C. Annual Adjustment Increase 32,755,894 [A*(B3-1)]
D. Other Adjustments:
1) Loss responsibility (-) - N/A
2) Transfer to private (-) - N/A
3) Transfer to fees (-) - N/A
4) Assumed responsibility (+) - N/A
E. Total Adjustments 32,755,894 (C+D)
F. Appropriations Limit FY 2023 384,447,189$ (A+E) 153
208
AGENDA ITEM NO. 9.

City of Clovis
Notes to Appropriations Limit Schedule
For the Year Ended June 30, 2023
Note 1 – Purpose of Limited Procedures Review
Under Article XIIIB of the California Constitution (the Gann Spending Limitation Initiative), California governmental agencies are restricted as to the amount of annual appropriations from proceeds of taxes. Effective for years beginning on or after July 1, 1990, under Section 1.5 of Article XIIIB, the annual calculation of the appropriations limit is subject to a limited procedures review in connection with the annual audit.

Note 2 – Method of Calculation
Under Section 10.5 of Article XIIIB, for fiscal years beginni ng on or after July 1, 1990, the appropriations limit is required to be calculated based on the limit for the fiscal year 1986-87, adjusted for the inflation and population factors discussed in Notes 3 and 4 below.

Note 3 – Population Factors
A California governmental agency may use as its populati on factor either the annual percentage change of the jurisdiction’s own population or the annual percentage change in population of the county where the jurisdiction is located. The factor adopted by the City for fiscal year 2023 represents the annual percentage change in population for the City.

Note 4 – Inflation Factors
A California governmental agency may use as its inflation factor either the annual percentage change in the 4th quarter per capita personal income (which percentage is supplied by the State Department of Finance) or the percentage change in the local assessment roll from the preceding year due to the change of local nonresidential construction.

The factor adopted by the City for fiscal year 2023 repr esents the annual percentage change in per capita personal income.

Note 5 – Other Adjustments
A California government agency may be required to adjust its appropriations limit when certain events occur, such as the transfer of resp onsibility for municipal services to , or from, another government agency or private entity. The City had no such adjustments for fiscal year 2023.
154
209
AGENDA ITEM NO. 9.
4660 La Jolla Village Drive, Suite 100
San Diego, California 92122
November 21, 2023
To the Honorable Mayor and Members of the City Council
of the City of Clovis
Clovis, California
We have audited the financial statements of the governmental activiti es, the business-type activities, each major fund, and the aggregate remaining fund information of the City of Clovis (the “City”) for the year ended June 30, 2023, and have issued our report thereon dated November 21, 2023. Professional standard s require that we provide you with information about our responsibilities unde r generally accepted auditing standards, Government Auditing Standards and the Uniform Guidance, as well as cer tain information related to the scope and timing of our audit. We have communicated such information in our letter to you dated J une 1, 2023. Professional standards also require that we communicate to you the following information related to our audit.

Significant Audit Matters
Qualitative Aspects of Accounting Practices
Management is responsible for the selection and use of appropriate accounting policies. The significant a ccounting policies used by the City are described in Note 1 to the basic financial statements.

New Accounting Standards
 In May 2019, GASB issued Statement No. 91, Conduit Debt Obligations (GASB Statement No. 91), to provide a single method of reportin g conduit deb
t obligations by issuers and eliminate diversity in practice associated with (1) commitments extended by issuers, (2) arrangements associated with conduit debt obligations, and (3) related note disclosures. This Statement achieves those objectives by clarifying the existing definition of a conduit debt obligation; establishing that a conduit debt obligation is not a liability of the issuer; establishing standards for accounting and financial reporting of additional commitments a nd voluntary commitments extended by issuers and arrangements associated with conduit debt obligations; a nd improving required note disclosures. Application of this statement did not have an effect on the City’s financial reporting for the fiscal year ending June 30, 2023.
 In March 2020, GASB issued Statement No. 94, Public-Private and Public -Public Partnerships and Availability Payment Arrangements. The primary objective of this Statement is to improve fi nancial reporting
by addressing issues related to public-private and public- public partnership arrangements (PPPs). As used in this Statement, a PPP is an arrangement in which a government (the transf eror) contracts with an operator (a governmental or nongovernmental entity) to provide public services by conveying control of the right to operate or use a nonfinancial asset, such as infrastructure or other capital asset (the underlying PPP asset), for a period of time in an exchange or exchange-like transaction. Application of this statement did not have an effect on the City’s financial reporting for the fiscal year ending June 30, 2023.  In May 2020, GASB issued
Statement No. 96, Subscription-Based Information Technology Arrangements. This Statement provides guidance on the accounting and financial reporting for subscr iption-based information technology arrangements (SBITAs) for government end users (governments). This Statement (1) defines a SBITA; (2) establishes that a SBITA results in a ri ght-to-use subscription asset—an intangible asset—and a corresponding subscription liability; (3) provides the capitalization criteria for outlays other than subscription payments, including implementation costs of a SBITA; and (4) requires note disclosures regarding a SBITA.

To the extent relevant, the standards for SBITAs ar e based on the standards established in Statement No. 87, Leases, as amended. Application of this statement has a moderate effect on the City’s financial reporting for the fiscal year ending June 30, 2023.

Attachment 2
210
AGENDA ITEM NO. 9.

To the Honorable Mayor and Members of the City Council
of the City of Clovis
Clovis, California

We noted no other new accounting policies were adopted an d the application of existing policies was not changed during 2023. We noted no transactions entered into by the City during the year for which there is a lack of authoritative guidance or consensus. All significant transactions have been recognized in the financial statements in the proper period.

Accounting Estimates
Accounting estimates are an integral part of the financ ial statements prepared by management and are based on management’s knowledge and experience about past and current events and assum ptions about future events. Certain accounting estimates are particularly sensitive because of their significance to the financia l statements and because of the possibility that future events affecting them may differ significantly from those expected.

The most sensitive estimates affecting the City’s financial statements were:
 Investments valuation
 Depreciation on capital assets
 Amortization on intangible assets
 Landfill post-closure obligation
 Claims payable
 Net pension liability
Certain financial statement disclosures are particularly sensitive because of their significance to financial statement users. The most sensitive disclosures affecting the financial statements were:

Note I - Summary of Significant Accounting Polices
Note II – Reconciliation of Government-Wide and Fund Financial Statements
Note IV – Detailed Notes on All Funds
The financial statement disclosures are neutral, consistent, and clear.

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

Corrected and Uncorrected Misstatements
Professional standards require us to accumu late all known and likely misstatements identified during the audit, other than those that are clearly trivial, and communicate them to the appropriate level of management. Management has corrected all such misstatements. In addition, none of th e misstatements detected as a result of audit procedures and corrected by management were material, either individually or in the aggregate, to each opinion unit’s financial statements taken as a whole.

Disagreements with Management
For purposes of this letter, a disagreement with management is a financial accounting, repo rting, or auditing matter, whether or not resolved to our satisfaction, that could be si gnificant to the financial statements or the auditor’s report.

We are pleased to report that no such disagreements arose during the course of our audit.

Management Representations
We have requested certain representations from management that are included in the management representation letter dated November 21, 2023,
211
AGENDA ITEM NO. 9.

To the Honorable Mayor and Members of the City Council
of the City of Clovis
Clovis, California

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

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

Other Matters
We applied ce
rtain limited procedures to the MD&A, Budge tary Comparison Schedules for General Fund and Major Special Revenue Funds, the Schedule of Changes in Net Pension Liability and Related Ratios for CalPERS, and the Schedule of Pension Contributions for CalPERS, which are RSI that supplement the basic financial statements. Our procedures consisted of inquiries of management regarding the methods of preparing the information and comparing the information for consistency with management’s responses to our inquiries, the basic financial statements, and other knowledge we obtained during our audit of the basic financial statements. We did not audit the RSI and do not express an opinion or provide any assurance on the RSI.

We were engaged to report on the Combining and Individual Fund Financial Statements and the Budgetary Comparison Schedules, which accompany the financial statements but are not RSI. With respect to this supplementary information, we made certain inquiries of management and evaluated th e form, content, and methods of preparing the information to determine that the information complies with accounti ng principles generally accepted in the United States of America, the method of preparing it has not changed from th e prior period, and the information is appropriate and complete in relation to our audit of the financial st atements. We compared and reconciled the supplementary information to the underlying accounting records used to prepare the financial statements or to the financial statements themselves.

We were not engaged to report on the Introductory and Statistical Sections, which accompany the financial statements but are not RSI. We did not audit or perform other pro cedures on this other information and we do not express an opinion or provide any assurance on it.

Restriction on Use
This information is intended solely for the 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.

Very truly yours,
San Diego, California
212
AGENDA ITEM NO. 9.

TO: Mayor and City Council
FROM: Administration
DATE: December 4, 2023
SUBJECT: Consider Approval – Change of Council Meeting Schedule.

Staff: John Holt, City Manager
Recommendation: Approve
ATTACHMENTS: None.

CONFLICT OF INTEREST
Councilmembers should consider recusal if a campaign contribution exceeding $250 has been received from the project proponent (developer, applicant, agent, and/or participants) since January 1, 2023 (Government Code 84308).

RECOMMENDATION
For the City Council to approve the cancellation of the regular Council meeting s scheduled for Monday, December 18, 2023, and Tuesday, January 2, 2024.

EXECUTIVE SUMMARY
There is a need to change th e schedule of meeting s for the City Council in December and January. Staff is recommending that City Council cancel the meeting of December 18, 2023, and January 2, 2024.

BACKGROUND
Staff is able to consolidate the agenda items to the first and second meetings in December, and the second and third meetings in January . Staff is recommending that City Council consider canceling the meeting of December 18, 2023, and January 2, 2024. Given adequate notice, staff will be able to amend the timing of actions coming forward so that operations will not be affected by the cancellations.

FISCAL IMPACT
None.

213
AGENDA ITEM NO. 10.

REASON FOR RECOMMENDATION
Pursuant to the Clovis Municipal Code, the City Council meets in regular session on the first, second, and third Monday of each month, except when those Mondays occur on a recognized City holiday. The City Council needs to confirm any change to the schedule of meetings in order to properly notice the public of the City Council’s schedule of meetings.

ACTIONS FOLLOWING APPROVAL
A revised schedule of meetings will be published in conformance with law.

Prepared by: Rebecca Simonian, Executive Assistant

Reviewed by: City Manager JH

214
AGENDA ITEM NO. 10.