Clovis City Council
December 9, 2024

Special
Revenue
Off Highway Housing & Comm Community Facilities
Use Development District 2020-1 Total
ASSETS
Cash and investments 73,276 $ 790,815 $ 292,450 $ 1,156,541 $ Receivables 202 4,752,661 8,156 4,761,019
Due from other governments 541,427 541,427
Total assets 73,478$ 6,084,903$ 300,606$ 6,458,987$

LIABILITIES
Accounts payable 750,016$ 750,016$
Deposits and other liabilities 25,059$ 25,059 Total Liabilities 0
$
750,016 25,059 775,075

FUND BALANCES
Restricted for:

Capital projects 73,478 73,478
Community development 5,334,887 275,547 5,610,434 Debt service 0
Assigned for:

Capital 0
Total fund balances 73,478 5,334,887 275,547 5,683,912
Total liabilities and fund balances 73,478$ 6,084,903$ 300,606$ 6,458,987$ City of Clovis
Combining Balance Sheet
Nonmajor Governmental Funds
June 30, 2024
92 175
AGENDA ITEM NO. 7.

Debt Capital Total
Service Projects Nonmajor
1976 Fire Park and Refuse Governmental
and Sewer Recreation Equipment Total Funds
448,681$ 6,314,387$ 2,459,241$ 8,773,628$ 10,378,850$ 1,293 31,423 6,804 38,227 4,800,539 242,898 242,898 784,325
449,974$ 6,588,708$ 2,466,045$ 9,054,753$ 15,963,714$ 841,346$ 841,346$ 1,591,362$
9,200 9,200 34,259
0$ 850,546 0$ 850,546 1,625,621 0 73,478
3,617,162 2,466,045 6,083,207 11,693,641
449,974 0 449,974
2,121,000 2,121,000 2,121,000
449,974 5,738,162 2,466,045 8,204,207 14,338,093
449,974$ 6,588,708$ 2,466,045$ 9,054,753$ 15,963,714$ City of Clovis
Combining Balance Sheet
Nonmajor Governmental Funds
June 30, 2024
93 176
AGENDA ITEM NO. 7.

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

REVENUES
Use of money and property 2,884 $ 148,507 $ (1,843) $ 149,548 $ From other agencies 2,391,984 120,412 2,512,396
Charges for services 0
Other revenues 0
Total revenue 2,884 2,540,491 118,569 2,661,944

EXPENDITURES
Current:

Community development 1,056,435 1,056,435
Capital outlays 5,700 5,700
Total expenditures 0 1,056,435 5,700 1,062,135
Excess (deficiency) of revenues
over (under) expenditures 2,884 1,484,056 112,869 1,599,809

OTHER FINANCING SOURCES (USES
)
Transfers In 0
Transfers out 0
Total other financing sources (uses) 0 0 0 0
Net change in fund balances 2,884 1,484,056 112,869 1,599,809 Fund balances-beginning 70,594 3,850,831 162,678 4,084,103 Fund balances-ending 73,478 $ 5,334,887 $ 275,547 $ 5,683,912 $ City of Clovis
Combining Statement of Revenues, Expenditures, and Changes in Fund Balances Nonmajor Governmental Funds
For the Year Ended June 30, 2024
94 177
AGENDA ITEM NO. 7.

Debt Capital Total
Service Projects Nonmajor
1976 Fire Park and Refuse Governmental
and Sewer Recreation Equipment Total Funds
16,997$ 532,479 $ 99,175 $ 631,654 $ 798,199 $ 693,877 693,877 3,206,273
1,605,410 175,694 1,781,104 1,781,104
00 16,997 2,831,766 274,869 3,106,635 5,785,576
0 1,056,435
5,832,059 5,832,059 5,837,759
0 5,832,059 0 5,832,059 6,894,194
16,997 (3,000,293) 274,869 (2,725,424) (1,108,618)
00 (1,814,000) (150,000) (1,964,000) (1,964,000) 0 (1,814,000) (150,000) (1,964,000) (1,964,000)
16,997 (4,814,293) 124,869 (4,689,424) (3,072,618)
432,977 10,552,455 2,341,176 12,893,631 17,410,711 449,974$ 5,738,162 $ 2,466,045 $ 8,204,207 $ 14,338,093 $ City of Clovis
Combining Statement of Revenues, Expenditures, and Changes in Fund Balances Nonmajor Governmental Funds
For the Year Ended June 30, 2024
95 178
AGENDA ITEM NO. 7.

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

REVENUE
Use of money and property 0$ 0 $ 2,721,109$ 2,721,109 $ From other agencies 21,468,000 21,468,000 14,119,662 (7,348,338) Charges for services 279,000 279,000 0 (279,000)
Total revenues 21,747,000 21,747,000 16,840,771 (4,906,229)

EXPENDITURES
Transportation 470,000 470,000 153,460 316,540 Capital Outlay 29,199,071 44,958,071 13,245,793 31,712,278 Total expenditures 29,669,071 45,428,071 13,399,253 32,028,818 Excess (deficiency) of revenues
over expenditures (7,922,071) (23,681,071) 3,441,518 27,122,589

OTHER FINANCING SOURCES (USES)
Transfers In 0 0 114,000 114,000
Transfers Out 0 0 0 0
Total other financing sources (uses) 0 0 114,000 114,000 Net change in fund balances (7,922,071) (23,681,071) 3,555,518 27,236,589 Fund balance-beginning 19,873,121 19,873,121 19,873,121 Fund balance-ending 11,951,050$ (3,807,950)$ 23,428,639$ 27,236,589$ 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, 2024
96 179
AGENDA ITEM NO. 7.

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

REVENUE
Use of money and property 0 $ 0 $ 2,884$ 2,884 $ Total revenues 0 0 2,884 2,884

EXPENDITURES
Total expenditures 0 0 0 0
Excess (deficiency) of revenues
over expenditures 0 0 2,884 2,884
Fund balance-beginning 70,594 70,594 70,594
Fund balance-ending 70,594 $ 70,594 $ 73,478 $ 2,884 $ 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, 2024
97 180
AGENDA ITEM NO. 7.

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

REVENUE
Use of money and property 0 $ 0 $ 148,507$ 148,507 $ From other agencies 7,328,000 7,328,000 2,391,984 (4,936,016) Other revenues 0 0 0 0
Total revenues 7,328,000 7,328,000 2,540,491 (4,787,509)

EXPENDITURES
Community development 7,403,920 7,403,920 1,056,435 6,347,485 Total expenditures 7,403,920 7,403,920 1,056,435 6,347,485 Excess (deficiency) of revenues
over expenditures (75,920) (75,920) 1,484,056 1,559,976 Net change in fund balance (75,920) (75,920) 1,484,056 1,559,976 Fund balance-beginning 3,850,831 3,850,831 3,850,831
Fund balance-ending 3,774,911 $ 3,774,911 $ 5,334,887 $ 1,559,976 $ 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, 2024
98 181
AGENDA ITEM NO. 7.

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

REVENUE
Use of money and property 0 $ 0 $ (1,843)$ (1,843) $ From other agencies 55,000 55,000 120,412 65,412
Charges for services 55,000 55,000 0 (55,000)
Total revenues 110,000 110,000 118,569 8,569

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 77,300 77,300 112,869 35,569
Total other financing sources 0 0 0 0
Net change in fund balance 77,300 77,300 112,869 35,569 Fund balance-beginning 162,678 162,678 162,678
Fund balance-ending 239,978 $ 239,978 $ 275,547 $ 35,569 $ 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, 2024
99 182
AGENDA ITEM NO. 7.

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

REVENUE
Use of money and property 0 $ 0 $ 16,997$ 16,997 $ Total revenues 0 0 16,997 16,997

EXPENDITURES
Total expenditures 0 0 0 0
Excess (deficiency) of revenues
over expenditures 0 0 16,997 16,997
Fund balance-beginning 432,977 432,977 432,977
Fund balance-ending 432,977 $ 432,977 $ 449,974 $ 16,997 $ 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, 2024
100
183
AGENDA ITEM NO. 7.

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

REVENUE
Use of money and property 0 $ 0 $ 532,479$ 532,479 $ From other agencies 415,000 415,000 693,877 278,877
Charges for services 1,972,000 1,972,000 1,605,410 (366,590) Total revenues 2,387,000 2,387,000 2,831,766 444,766

EXPENDITURES
Community development 0 0 0 0
Capital outlays 6,290,754 7,951,754 5,832,059 2,119,695 Total expenditures 6,290,754 7,951,754 5,832,059 2,119,695 Excess (deficiency) of revenues
over expenditures (3,903,754) (5,564,754) (3,000,293) 2,564,461

OTHER FINANCING SOURCES (USES)
Transfers Out 0 0 (1,814,000) (1,814,000)
Total other financing sources (uses) 0 0 (1,814,000) (1,814,000) Net change in fund balances (3,903,754) (5,564,754) (4,814,293) 750,461 Fund balance-beginning 10,552,455 10,552,455 10,552,455 Fund balance-ending 6,648,701 $ 4,987,701 $ 5,738,162 $ 750,461 $ 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, 2024
101
184
AGENDA ITEM NO. 7.

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

REVENUE
Use of money and property 0 $ 0 $ 99,175$ 99,175 $ Charges for services 0 0 175,694 175,694
Total revenues 0 0 274,869 274,869

EXPENDITURES
Total expenditures 0 0 0 0
Excess (deficiency) of revenues
over expenditures 0 0 274,869 274,869

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 0 124,869 124,869
Fund balance-beginning 2,341,176 2,341,176 2,341,176
Fund balance-ending 2,341,176 $ 2,341,176 $ 2,466,045 $ 124,869 $ 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, 2024
102
185
AGENDA ITEM NO. 7.

Internal Service Funds

__________________________________

Internal service 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 insurance. It 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.

103
186
AGENDA ITEM NO. 7.

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

Cash and investments 1,935,817 $ 26,724,689 $ 19,887,750 $ 36,487,563 $ 85,035,819 $ Receivables 24,936 75,725 102,346 366,017 569,024 Due from other governments 11,964 11,964
Inventories 959,000 959,000
Total current assets 1,960,753 27,759,414 19,990, 096 36,865,544 86,575,807 Noncurrent assets:

Restricted cash and investments:

Cash with fiscal agent-bond accounts 435 435 Total restricted assets 0 0 0 435 435
Capital assets:

Land 8,872,400 8,872,400
Buildings and improvements 940,271 139,027,024 139,967,295 Machinery and equipment 53,868,339 9,548,398 63,416,737 Less accumulated depreciation (34,978,213) (58,912,587) (93,890,800) Total capital assets (net of
accumulated depreciation) 0 19,830,397 0 98,535,235 118,365,632 Intangible assets 2,421,724 2,421,724
Less accumulated amortization (368,633) (368,633) Total intangible assets (net of
accumulated amortization) 0 0 0 2,053,091 2,053,091
Total noncurrent assets 0 19,830,397 0 100,588,761 120,419,158 Total assets 1,960,753 47,589,811 19,990, 096 137,454,305 206,994,965

DEFERRED OUTFLOW OF RESOURCES
Pension related deferred outflows 91,603 834,297 191,611 1,309,248 2,426,759 Total deferred outflows of resources 91,603 834,297 191,611 1,309,248 2,426,759

LIABILITIES
Current liabilities:

Accounts payable 67,895 447,884 532,597 1,766,257 2,814,633 Claims and judgements payable 2,548,000 2,548,000 Accrued compensated absences 18,200 4,100 34,300 56,600 Deposits and other liabilities 733,052 733,052 Unearned revenue 0
Lease liability-current 71,581 71,581
Subscription liability - current 563,243 563,243 Direct borrowings-currrent 391,192 1,763,987 2,155,179 Loans payable-current 253,887 253,887
Revenue bonds-current 300,000 300,000
Total current liabilities 67,895 857,276 3,084,697 5,486,307 9,496,175 Noncurrent liabilities:

Claims and judgements payable 6,665,000 6,665,000 Accrued compensated absences 87,696 19,877 164,905 272,478 Advances from other funds 6,000,000 6,000,000
Lease liability 505,436 505,436
Subscription liability 517,395 517,395
D
irect borrowings 728,601 6,193,669 6,922,270 Loans payable 2,521,680 2,521,680
Revenue bonds (net of discount/premium) 12,868,706 12,868,706 Net pension liability 390,176 3,407,096 791,649 5,540,320 10,129,241 Total noncurrent liabilities 390,176 4,223,393 7,476,526 34,312,111 46,402,206 Total liabilities 458,071 5,080,669 10,561,223 39,798,418 55,898,381

DEFERRED INFLOW OF RESOURCES
Lease deferred inflows 116,914 116,914
Pension deferred inflows 4,090 36,122 7,768 60,619 108,599 Total deferred inflow of resources 4,090 36,122 7,768 177,533 225,513

NET POSITION
Net investment in capital assets 18,710,604 75,605,759 94,316,363 Restricted for debt service 435 435
Unrestricted (deficit) 1,590,195 24,596,713 9,612,716 23,181,408 58,981,032 Total net position 1,590,195$ 43,307,317$ 9,612,716$ 98,787,602$ 153,297,830$ City of Clovis
Combining Statement of Net Position
Internal Service Funds
June 30, 2024
104
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AGENDA ITEM NO. 7.

Self Employee General
Insurance Fleet Benefits Services Total
Operating revenues:

Charges for services 6,765,300 $ 14,111,885 $ 36,742,910 $ 15,361,200$ 72,981,295$ From other agencies 40,000 92,447 132,447 Other revenues 122,166 1,598,679 1,720,845
Total operating revenues 6,887,466 14,151,885 36,742,910 17,052,326 74,834,587 Operating expenses:

Salaries and benefits 266,481 2,288,439 18,181,669 3,476,161 24,212,750 Services, materials and supplies 6,100,379 5,514,280 17,031,219 7,556,087 36,201,965 Administration 57,000 1,225,400 99,400 620,600 2,002,400 Depreciation and amortization 3,213,815 4,336,714 7,550,529 Total operating expenses 6,423,860 12,241,934 35,312,288 15,989,562 69,967,644 Operating income (loss) 463,606 1,909,951 1,430,622 1,062,764 4,866,943 Nonoperating revenues (expenses):

Interest income 20,439 757,247 370,011 1,392,456 2,540,153 Net increase (decrease) in cash fair value (5,270) 158,540 (48,581) 887,448 992,137 Interest expense (28,311) (589,346) (617,657) Gain (loss) on sale of capital assets 53,651 53,651 Total nonoperating revenue (expense) 15,169 941,127 321,430 1,690,558 2,968,284 Income before contributions and transfers 478,775 2,851,078 1,752,052 2,753,322 7,835,227 Capital contributions 121,417 121,417
Transfers in 1,000,000 2,580,000 3,580,000
Changes in net position 478,775 3,972,495 1,752,052 5,333,322 11,536,644 Total net position-beginning 1,111,420 39,334,822 7,860,664 93,454,280 141,761,186 Total net position-ending 1,590,195$ 43,307,317 $ 9,612,716 $ 98,787,602$ 153,297,830$ City of Clovis
Combining Statement of Revenues, Expenses, and Changes in Fund Net Position Internal Service Funds
For the Year Ended June 30, 2024
105
188
AGENDA ITEM NO. 7.

Self Employee General
Insurance Fleet Benefits Services Total

CASH FLOW FROM OPERATING ACTIVITIES
Receipts for interfund services 6,805,930$ 14,112,766$ 36,739,812$ 14,732,429$ 72,390,937$ Payments to suppliers (6,222,337) (7,163,375) (15,913,535) (8,572,844) (37,872,091) Payments to employees (249,981) (2,147,929) (18,148,700) (3,225,317) (23,771,927) Other operating revenues 122,168 40,000 2,090,438 2,252,606 Net cash provided by (used in) operating activities 455,780 4,841,462 2,677,577 5,024,706 12,999,525

CASH FLOWS FROM NONCAPITAL FINANCING ACTIVITIES
Transfers-in from other funds 1,000,000 2,580,000 3,580,000 Net cash provided
by noncapital financing activities 0 1,000,000 0 2,580,000 3,580,000

CASH FLOWS FROM CAPITAL AND RELATED FINANCING ACTIVITIES Acquisition and construction of capital assets (2,834,870) (11,814,267) (14,649,137) Principal paid on bonds, loans, and direct borrowings (581,892) (739,146) (1,321,038) Interest paid on bonds, loans, and direct borrowings (28,311) (589,346) (617,657) Proceeds from bonds, loans, and direct borrowings 1,131,600 1,131,600 Proceeds from sale of property and equipment 76,802 76,802 Principal paid on advances from other funds (750,000) (750,000) Net cash provided by (used in) capital and
related financing activities 0 (3,368,271) 0 (12,761,159) (16,129,430)

CASH FLOWS FROM INVESTING ACTIVITIE
S
Interest and dividends on investments 20,439 757,247 370,011 1,392,458 2,540,155 Increase/(decrease) in fair value of investments (5,270) 158,540 (48,581) 887,448 992,137 Net cash provided by (used in) investing activities 15,169 915,787 321,430 2,279,906 3,532,292 Net change in cash and cash equivalents 470,949 3,388,978 2,999,007 (2,876,547) 3,982,387 Cash and cash equivalents-beginning of year 1,464,868 23,335,711 16,888,743 39,364,545 81,053,867 Cash and cash equivalents-end of year 1,935,817$ 26,724,689$ 19,887,750$ 36,487,998$ 85,036,254$ Reconciliation of operating income (loss) to net cash provided by (used in) operating activities:

Operating income (loss) 463,606$ 1,909,951$ 1,430,622$ 1,062,764$ 4,866,943$ Adjustments to reconcile operating income
to net cash provided by (used in) operating activities:

Depreciation/amortization expense 3,213,815 4,336,714 7,550,529 (Increase)/decrease in accounts receivable 40,630 881 (3,098) (54,463) (16,050) (Increase)/decrease in due from other governments 457,769 457,769 (Increase)/decrease in inventories (10,000) (10,000) (Increase)/decrease in deferred outflows - pension 12,278 100,724 20,291 187,075 320,368 (Increase)/decrease in prepaid items 187,379 187,379 Increase/(decrease) in accounts payable (64,956) (413,692) 427,084 (583,537) (635,101) Increase/(decrease) in
accrued compensated absences 2,027 3,556 5,236 10,819 Increase/(decrease) in unearned revenue (574,308) (574,308) Increase/(decrease) in claims
and judgments payable 790,000 790,000
Increase/(decrease) in net pension liability 7,245 64,775 15,650 100,424 188,094 Increase/(decrease) in deferred inflows - lease (58,457) (58,457) Increase/(decrease) in deferred inflows - pension (3,023) (27,019) (6,528) (41,890) (78,460) Total adjustments (7,826) 2,931,511 1,246,955 3,961,942 8,132,582 Net cash provided by (used in) operating activities 455,780$ 4,841,462$ 2,677,577$ 5,024,706$ 12,999,525$ Noncash investing, capital, and financing activities:

During the year the Fleet Maintenance Fund, an internal service fund, received $121,417 in donated assets.

City of Clovis
Combining Statement of Cash Flows
Internal Service Funds
For the Year Ended June 30, 2024
106
189
AGENDA ITEM NO. 7.

Fiduciary Funds
___
_______________________________
C
ustodial Funds are used to account for assets held by the government for individuals, private organizations, other governments and/or other funds.

B
lackhorse 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.

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

S
hepherd/Temperance Assessment Fund - This fund is used to account for the receipts and disbursements of the Shepherd Temperance Assessment District. 107
190
AGENDA ITEM NO. 7.

Temperance Shepherd
Blackhorse Barstow Temperance
Assessment Assessment Assessment Total
ASSETS
Cash and investments 66,162 $ 78,894 $ 5,878 $ 150,934 $ Receivables 2,112 215 10 2,337
Total assets 68,274 79,109 5,888 153,271

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

NET POSITION
Restricted for:

Individuals, organizations, and other governments 68,274 79,109 5,414 152,797 Total net position 68,274$ 79,109$ 5,414$ 152,797$ Custodial Funds
City of Clovis
Combining Statement of Fiduciary Net Position
Custodial Funds
June 30, 2024
108
191
AGENDA ITEM NO. 7.

Temperance Shepherd
Blackhorse Barstow Temperance
Assessment Assessment Assessment Total

ADDITIONS
Special assessments tax 75,463 $ 75,463 $
Investment earnings 2,161 3,109 $ 116 $ 5,386 Total additions 77,624 3,109 116 80,849

DEDUCTIONS
Community development 113,700 113,700
Total deductions 113,700 0 0 113,700
Change in net position (36,076) 3,109 116 (32,851) Net position-Beginning 104,350 76,000 5,298 185,648 Net position-Ending 68,274 $ 79,109 $ 5,414 $ 152,797 $ Custodial Funds
City of Clovis
Combining Statement of Changes in Fiduciary Net Position Custodial Funds
For the Year Ended June 30, 2024
109
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AGENDA ITEM NO. 7.
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AGENDA ITEM NO. 7.

Statistical Section
__________________________________
T
his part 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.

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111
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AGENDA ITEM NO. 7.

Statistical Section

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Contents Page

Financial Trends 113

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 121

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

Debt Capacity 125

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 131

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 134

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.

112 195
AGENDA ITEM NO. 7.
2015* 2016 2017 2018 2019 2020 2021 2022 2023 2024
Governmental activities:

Net investment in capital assets 509,567 $ 523,881 $ 524,625 $ 533,810 $ 562,740 $ 587,764 $ 595,863 $ 631,982 $ 668,223 $ 707,386$ Restricted 23,997 25,843 20,681 27,826 33,325 38,522 42,460 48,790 50,687 45,148 Unrestricted (67,159) (67,081) (54,927) (63,435) (66,182) (51,797) (32,398) (22,188) (32,488) (30,000) Total net position 466,405 $ 482,643 $ 490,379 $ 498,201 $ 529,883 $ 574,489 $ 605,925 $ 658,584 $ 686,422 $ 722,534$ Business-type activities:

Net investment in capital assets 137,520 $ 142,658 $ 147,265 $ 153,013 $ 162,938 $ 168,489 $ 171,482 $ 176,055 $ 186,868 $ 197,511$ Restricted 3,377 906 953 25 1 2 2 Unrestricted 72,977 82,271 103,531 108,299 120,937 106,444 108,569 117,529 122,138 120,849 Total net position 213,874 $ 225,835 $ 251,749 $ 261,337 $ 283,876 $ 274,933 $ 280,051 $ 293,584 $ 309,008 $ 318,362$ Total Primary government:

Net investment in capital assets 647,087 $ 666,540 $ 671,890 $ 686,823 $ 725,678 $ 756,253 $ 767,345 $ 808,037 $ 855,091 $ 904,897$ Restricted 27,374 26,748 21,634 27,851 33,326 38,522 42,460 48,790 50,689 45,150 Unrestricted 5,818 15,190 48,604 44,864 54,755 54,647 76,171 95,341 89,650 90,849 Total net position 680,279 $ 708,478 $ 742,128 $ 759,538 $ 813,759 $ 849,422 $ 885,976 $ 952,168 $ 995,430 $ 1,040,896$ *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)
113
196
AGENDA ITEM NO. 7.
2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Expenses:

Governmental activities:

General government 5,587 $ 5,577 $ 6,218 $ 6,481 $ 7,730 $ 7,436 $ 7,426 $ 5,464 $ 9,536 $ 8,869 $ Public safety 39,460 42,027 46,258 54,529 55,860 59,876 62,766 55,415 68,280 79,683 Transportation 12,686 12,232 13,307 14,057 14,883 18,884 16,632 17,097 18,170 19,858 Community development 909 637 1,742 1,984 751 286 2,995 840 1,176 1,055 Cultural and recreation 6,272 6,196 6,703 7,212 8,118 7,115 7,174 7,825 9,261 10,293 Interest and other charges 924 886 805 755 694 726 488 462 618 Total governmental activities expenses 64,914 67,593 75,114 85,068 88,097 94,291 97,719 87,129 106,885 120,376 Business-type activities:

Refuse 15,654 16,207 16,574 18,502 20,205 21,744 22,079 23,424 24,730 26,696 Sewer 18,011 18,553 18,235 18,862 18,738 19,465 19,541 20,366 21,031 22,317 Water
14,486 14,487 15,604 16,807 17,463 18,551 24,963 21,431 22,083 24,681 Transit 4,884 5,016 5,098 6,280 6,961 7,008 6,792 7,063 8,357 10,092 Planning & Development Services 7,557 7,781 8,555 9,410 10,443 11,662 11,338 10,076 13,740 13,748 Total business-type activities expenses 60,592 62,044 64,066 69,861 73,810 78,430 84,713 82,360 89,941 97,534 Total primary government expenses 125,506 129,637 139,180 154,929 161,907 172,721 182,432 169,489 196,826 217,910 Program revenues:

Governmental activities:

Charges for services:

General government 4,995 4,875 4,640 4,497 5,137 5,069 8,934 10,165 10,203 11,037 Public safety 2,209 2,521 2,079 3,414 3,268 2,524 4,216 4,950 4,763 1,572 Transportation 6,788 6,061 7,411 7,901 15,897 17,192 15,446 16,976 21,051 17,936 Community development 1,231 301 865 307 456 935 322 383 447 21 Cultural and recreation 4,909 5,540 5,653 6,010 4,638 2,447 2,768 4,064 5,897 3,734 Operating grants and contributions 639 737 630 381 393 763 12,466 8,998 537 5,007 Capital grants and contributions 20,516 16,638 11,537 18,216 32,241 23,439 21,005 26,456 17,368 34,128 Total governmental activities
program revenues
41,287 36,673 32,815 40,726 62,030 52,369 65,157 71,992 60,266 73,435

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

CITY OF CLOVIS

CHANGES IN NET POSITION
114
197
AGENDA ITEM NO. 7.
2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Business-type activities:

Charges for services:

Community sanitation 17,608 17,692 18,083 19,235 20,022 21,116 23,166 25,034 26,559 27,056 Sewer 21,974 21,167 18,942 21,214 21,281 24,673 21,007 23,678 25,343 19,452 Water 19,050 16,599 34,174 20,923 26,115 22,032 23,542 27,751 28,214 25,437 Transit 1,541 1,608 1,597 1,692 1,729 1,920 2,675 2,921 3,007 4,000 Planning & Development Services 8,159 8,807 9,619 9,828 10,522 12,029 11,737 11,403 12,238 12,089 Operating grants and contributions 4,247 4,056 4,464 4,590 5,463 4,542 4,496 5,328 5,849 7,988 Capital grants and contributions 4,059 2,721 1,935 2,854 7,302 2,102 2,652 2,598 1,406 2,770 Total business-type activities
program revenues 76,638 72,650 88,814 80,336 92,434 88,414 89,275 98,713 102,616 98,792 Total primary government
program revenues 117,925 109,323 121,629 121,062 154,464 140,783 154,432 170,705 162,882 172,227 Net revenues (expenses):

Governmental activities (23,627) (30,920) (42,299) (44,342) (26,067) (41,922) (32,562) (15,137) (46,619) (46,941) Business-type activities 16,047 10,606 24,748 10,475 18,624 9,984 4,562 16,353 12,675 1,258 Total net revenues (expenses) (7,580) (20,314) (17,551) (33,867) (7,443) (31,938) (28,000) 1,216 (33,944) (45,683) General revenues and other changes in net position
Governmental activities:

Taxes:

Property taxes 19,842 20,649 22,392 24,833 26,668 28,520 30,378 33,241 36,213 39,289 Sales tax 18,039 19,120 19,676 20,432 21,597 22,394 27,526 31,106 30,238 29,516 Business license & Franchise Taxes 4,984 5,271 5,300 6,891 5,789 6,009 2,600 2,768 2,948 2,951 Transient occupancy taxes 2,329 2,552 2,705 2,871 2,896 2,743 3,538 3,780 4,310 5,401 Grants and contributions not restricted 172 183 178 186 504 Unrestricted investment earnings 163 234 272 566 1,476 3,037 456 (2,638) 1,198 8,115 Transfers (461) (850) (488) (507) (1,180) (250) (500) (460) (450) (2,220) Total governmental activities 45,068 47,159 50,035 55,272 57,750 62,453 63,998 67,797 74,457 83,052 Business-type activities:

Unrestricted investment earnings 274 506 679 1,442 2,734 4,899 56 (3,280) 2,299 5,876 Transfers 461 850 488 507 1,180 250 500 460 450 2,220 Total business-type activities 735 1,356 1,167 1,949 3,914 5,149 556 (2,820) 2,749 8,096 Total primary government 45,803 48,515 51,202 57,221 61,664 67,602 64,554 64,977 77,206 91,148 Changes in net position
Governmental activities 21,441 16,239 7,736 10,930 31,683 20,531 31,436 52,660 27,838 36,111 Business-type activities 16,782 11,962 25,915 12,424 22,538 15,133 5,118 13,533 15,424 9,354 Total primary government 38,223 $ 28,201 $ 33,651 $ 23,354 $ 54,221 $ 35,664 $ 36,554 $ 66,193 $ 43,262 $ 45,465 $ 115
198
AGENDA ITEM NO. 7.

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
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 2024 81,880,268 1,307,374 190,317 4,659,155 23,799,245 9,669,780 7,488,595 128,994,734 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
$90,000,000
2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
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
116
199
AGENDA ITEM NO. 7.

Fiscal Year
Ended General Public Community Culture and Capital
June 30, Government Safety Transportation Development Recreation Outlays Total 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 2024 8,851,777 77,456,919 5,861,579 1,056,512 10,285,161 19,083,552 122,595,500 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
2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Fiscal Year Ended June 30,
General Government Public Safety Transportation Community Development Culture and Recreation Capital Outlays 117
200
AGENDA ITEM NO. 7.
2015 2016 2017 2018 2019
Revenues:

Property taxes 19,842,732$ 20,649,898$ 22,391,753$ 24,832,576$ 26,667,913$ Sales taxes 18,037,581 19,119,633 19,675,483 20,425,341 21,597,179 Business license & Franchise taxes 4,929,246 5,271,321 5,300,062 6,891,105 5,788,765 Transient occupancy taxes 2,382,421 2,550,809 2,705,284 2,870,536 2,895,987 Licenses and permits 583,060 584,412 330,336 412,460 778,319 Fines and forfeitures 207,358 253,841 140,193 227,831 195,146 Use of money and property 144,328 170,213 173,524 585,707 1,134,952 From other agencies 12,484,156 10,990,248 11,473,015 13,962,855 15,787,432 Charges for current services 5,794,337 6,544,320 8,060,073 7,442,164 9,620,602 Other revenues 5,469,201 5,730,691 5,634,697 5,358,986 5,831,451 Total revenues 69,874,420 71,865,386 75,884,420 83,009,561 90,297,746 Expenditures
Current:

General government 5,622,192 5,620,922 6,287,114 6,163,620 6,818,113 Public safety 40,767,185 43,136,838 46,476,211 49,688,800 52,034,209 Transportation 3,595,841 3,828,619 4,032,061 4,169,509 4,506,493 Community development 917,702 577,483 1,757,867 1,913,909 686,251 Cultural and recreation 5,409,366 5,541,908 5,914,052 6,108,769 6,993,547 Debt service:

Principal
I
nterest and fiscal charges
Bond issue costs
Capital outlays 9,800,799 6,523,827 8,516,678 6,907,009 9,818,090 Total expenditures 66,113,085 65,229,597 72,983,983 74,951,616 80,856,703 Excess (deficiency) of revenues
over (under) expenditures 3,761,335 6,635,789 2,900,437 8,057,945 9,441,043 Other financing sources (uses):

Transfers in 156,000
Transfers out (1,211,000) (4,050,000) (3,188,000) (506,700) (1,975,000) Total other financing sources (uses) (1,211,000) (4,050,000) (3,188,000) (506,700) (1,819,000) Net change in Fund balances 2,550,335$ 2,585,789$ (287,563)$ 7,551,245$ 7,622,043$ 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)

118
201
AGENDA ITEM NO. 7.
2020 2021 2022 2023 2024
Property taxes 28,520,413$ 30,377,419$ 33,240,530$ 36,213,178$ 39,288,942$ Sales taxes 22,393,757 27,526,307 31,105,966 30,238,078 29,516,137 Business license & Franchise taxes 6,008,671 6,360,691 6,819,233 7,125,400 7,684,608 Transient occupancy taxes 2,743,490 3,538,141 3,780,220 4,309,917 5,390,581 Licenses and permits 526,291 804,977 1,374,447 1,332,924 1,307,374 Fines and forfeitures 188,334 150,920 189,018 260,164 190,317 Use of money and property 1,914,715 271,010 (1,578,778) 664,075 4,659,155 From other agencies 26,007,449 31,247,370 29,337,210 28,278,996 23,799,245 Charges for current services 7,788,344 8,054,434 9,803,524 11,761,752 9,669,780 Other revenues 6,185,944 6,153,290 6,723,637 6,959,681 7,488,595 Total revenues 102,277,408 114,484,559 120,795,007 127,144,165 128,994,734 Current:

General government 6,930,929 7,576,845 7,464,459 8,120,203 8,851,777 Public safety 54,300,092 58,574,671 63,297,211 72,210,311 77,456,919 Transportation 4,438,270 4,481,127 5,194,042 5,362,350 5,861,579 Community development 330,247 2,999,876 846,379 1,177,004 1,056,512 Cultural and recreation 7,040,642 7,179,605 8,471,633 9,617,862 10,285,161 Debt service:

Principal
Interest and fiscal charges
Bond issue costs
Capital outlays 23,836,451 10,712,079 12,
760,383 27,957,286 19,083,552
Total expenditures 96,876,631 91,524,203 98,034,107 124,445,016 122,595,500 Excess (deficiency) of revenues
over (under) expenditures 5,400,777 22,960,356 22,760,900 2,699,149 6,399,234 Transfers in 454,000 128,000 114,000 Transfers out (3,110,000) (18,445,300) (9,015,300) (3,501,000) (5,914,000) Total other financing sources (uses) (2,656,000) (18,445,300) (9,015,300) (3,373,000) (5,800,000) Net change in Fund balances 2,744,777$ 4,515,056$ 13,745,600$ (673,851)$ 599,234$

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)

119
Debt service as a percentage of noncapital expenditures 202
AGENDA ITEM NO. 7.

Fiscal Year
Ended
June 30, Nonspendable Restricted Assigned Unassigned Total 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 2024 9,502,005 24,262,700 4,186,284 37,950,989 Fiscal Year
Ended
June 30, Nonspendable Restricted Assigned Unassigned Total 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
2024 35,645,732 2,121,000 37,766,732
All Other Governmental Funds
General Fund

CITY OF CLOVIS

FUND BALANCES OF GOVERNMENTAL FUNDS

LAST TEN FISCAL YEARS
(modified accrual basis of accounting)
120
203
AGENDA ITEM NO. 7.

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 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% 2024 15,201,926,453 15,201,926,453 323,846,805 323,846,805 94,444,600 15,431,328,658 15,525,773,258 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 FY2023-24 Tax Rate Book

CITY OF CLOVIS

ASSESSED AND ESTIMATED ACTUAL VALUE OF PROPERTY

LAST TEN FISCAL YEARS
121
204
AGENDA ITEM NO. 7.

Fiscal Year Clovis Unified State Center
Ended City of School District General Obligation
June 30, Clovis Bond Bond County Wide Total
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
2024 0.000000 0.155350 0.020920 1.000000 1.176270
Note: The basis for the tax rates is per $100 assessed valuation.

Source: Fresno County Auditor Controller/Treasurer Tax Collector FY2023-24 Tax Rate Book

CITY OF CLOVIS

PROPERTY TAX RATES - DIRECT AND OVERLAPPING GOVERNMENT

LAST TEN FISCAL YEARS
122
205
AGENDA ITEM NO. 7.

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 145,834$ 1 0.88% 112,367$ 1 1.27% 310 Amedeo Owner LLC 56,560 2 0.34%
Community Hospitals of Central California 53,766 3 0.33% RLO LLC 49,214 4 0.30%
Lennar Homes of California Inc 45,387 5 0.27% Prindiville Dennis Trustee 39,460 6 0.24% 41,270 2 0.47% LTC West Inc 38,686 7 0.23%
KB Home South Bay Inc 37,940 8 0.23% PD Village Green LP 32,591 9 0.20%
Ashlan Avenue Apartments LLC 32,038 10 0.19% Pelco 25,985 4 0.29%
BRE Throne Clovis Commons LLC 37,682 3 0.43% Clovis-Herndon Center II LLC 25,092 5 0.28% Wal-Mart Real Estate Business Trust 24,546 6 0.28% GSF Sunnyside Clovis Investors L P 22,672 7 0.26% Copper Beech Townhome Communities 21,000 8 0.24% Clovis Apartment Group LLC 19,721 9 0.22% Butler Investment Group LLC 18,131 10 0.20% 531,476$ 3.21% 348,466 $ 3.94%
(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
20152024
123
206
AGENDA ITEM NO. 7.

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 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 2024 20,468,477 19,748,488 96.5 280,221 20,028,709 97.9 349,397 1.707 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
124
207
AGENDA ITEM NO. 7.

Fiscal Year Loans/ Notes/Direct Debt Debt
Ended Subscription Lease Revenue Capital Contracts Placements Per Per June 30, Liability Liability Bonds (1) Leases (1) Payable (1) Payable (1) Total AV Capita 2015 0$ 0$ 0$ 23,655,822$ 1,805,112$ 0$ 25,460,934$ 0.003$ 244$ 2016 0 0 0 26,850,329 1,724,379 0 28,574,708 0.004 274
2017 0 0 0 24,154,921 1,480,623 0 25,635,544 0.003 231
2018 0 0 0 22,066,356 1,195,510 0 23,261,866 0.002 204
2019 0 0 0 11,284,736 2,745,885 8,997,833 23,028,454 0.002 197 2020 0 0 0 9,413,689 2,768,483 7,992,401 20,174,573 0.002 169 2021 0 0 13,943,941 0 2,439,906 16,494,902 32,878,749 0.003 270 2022 0 0 13,773,862 0 2,170,424 13,834,128 29,778,414 0.002 241 2023 115,279 0 13,473,784 0 1,908,905 11,370,846 26,868,814 0.002 215 2024 1,102,730 577,017 13,168,706 0 2,775,567 9,077,447 26,701,467 0.002 212 2015 0$ 0$ 137,462,213$ 0$ 9,018,510$ 0$ 146,480,723$ 0.018$ 1,404 $ 2016 0 0 130,540,195 0 8,205,774 0 138,745,969 0.017 1,330 2017 0 0 125,639,953 0 7,350,311 0 132,990,264 0.014 1,201 2018 0 0 118,831,052 0 6,449,775 0 125,280,827 0.012 1,100 2019 0 0 114,115,888 0 5,502,287 0 119,618,175 0.011 1,022 2020 0 0 109,265,725 0 4,505,030 0 113,770,755 0.010 955 2021 0 0 104,255,563 0 3,455,186 0 107,710,749 0.010 884 2022 0 0 99,030,400 0 2,355,574 0 101,385,974 0.009 820 2023 0 0 93,585,238 0 1,203,845 0 94,789,083 0.007 761
2024 117,070 0 87,414,061 0 0 0 87,531,131 0.006 694
2015 0$ 0$ 137,462,213$ 23,655,822$ 10,823,622$ 0$ 171,941,657$ 0.021$ 1,648 $ 2016 0 0 130,540,195 26,850,329 9,930,153 0 167,320,677 0.021 1,604 2017 0 0 125,639,953 24,154,921 8,830,934 0 158,625,808 0.017 1,432 2018 0 0 118,831,052 22,066,356 7,645,285 0 148,542,693 0.015 1,304 2019 0 0 114,115,888 11,284,736 8,248,172 8,997,833 142,646,629 0.013 1,219 2020 0 0 109,265,725 9,413,689 7,273,513 7,992,401 133,945,328 0.012 1,124 2021 0 0 118,199,504 0 5,895,092 16,494,902 140,589,498 0.013 1,154 2022 0 0 112,804,262 0 4,525,998 13,834,128 131,164,388 0.011 1,061 2023 115,279 0 107,059,022 0 3,112,750 11,370,846 121,657,897 0.008 976 2024 1,219,800 577,017 100,582,767 0 2,775,567 9,077,447 114,232,598 0.007 906 (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
125
208
AGENDA ITEM NO. 7.

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 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
2024 126,133 15,431,328,658 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
126
209
AGENDA ITEM NO. 7.

Total Ratio of
Fiscal Year General Debt Service to
Ended Total Governmental General Government
June 30, Principal Interest Debt Service Expenditures (1) Expenditures 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
2024 0 0 0 122,595,500 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
127
210
AGENDA ITEM NO. 7.
2023/2024 Assessed Valuation: 15,525,773,258$
Direct and Overlapping Debt: % Applicable* Debt
Direct Debt:

City of Clovis Direct Borrowings 100.00% 9,077,447$
City of Clovis Revenue Bonds 100.00% 13,168,706
City of Clovis Loans Payable 100.00% 2,775,567
City of Clovis Subscription Liability 100.00% 1,219,800 City of Clovis Lease Liability 100.00% 577,017
Total Net Direct and Direct Bonded Debt 26,818,537$
Overlapping Bonded Debt:

Fresno County General Fund Obligations 14.699% 2,754,593$ Fresno County Pension Obligations 14.699% 26,348,586
State Center Community College District 13.378% 49,555,457 Clovis Unified School District 42.515% 246,511,531
Clovis Unified School District General Fund Obligations 42.515% 69,336,638 Clovis Memorial District General Fund Obligations 45.640% 1,572,986 Fresno Unified School District 2.114% 16,947,770
Fresno Unified School District General Fund Obligations 2.114% 104,326 Sanger Unified School District 1.288% 3,240,473
Sanger Unified School District General Fund Obligations 1.288% 1,493,629 Total Gross Overlapping Bonded Debt 417,865,989$
Overlapping Tax Increment Debt:

Total Gross Overlapping Tax Increment Debt 100.00% 8,620,000 Total Gross Overlapping Debt 426,485,989$
Total Net Direct and Overlapping Bonded Debt 453,304,526$ (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 2.75%
Total Direct and Direct Bonded Debt 0.17%
Combined Total Debt 2.92%
Ratios to Redevelopment Incremental Valuation $1,138,644,965 Total Overlapping Tax Increment Debt 0.76%
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, 2024
128
211
AGENDA ITEM NO. 7.

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
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
2024 2,328,865,989 0 2,328,865,989 0
LEGAL DEBT MARGIN CALCULATION FOR FISCAL YEAR 2023
Assessed Valuations:

Assessed Value 15,431,328,658$
Add back exempt property 94,444,600
Total Assessed Value 15,525,773,258$
Legal Debt Margin:

Debt Limitation-15 percent of total assessed value 2,328,865,989$ 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: 2,328,865,989$

CITY OF CLOVIS

COMPUTATION OF LEGAL DEBT MARGIN INFORMATION

LAST TEN FISCAL YEARS
129
212
AGENDA ITEM NO. 7.

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 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
2024 24,542,122 24,109,889 432,233 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 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 2024 21,260,756 14,396,908 6,863,848 2,555,000 3,344,706 5,899,706 1.16

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 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 2024 27,620,683 20,861,082 6,759,601 2,340,000 601,803 2,941,803 2.30 (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
130
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AGENDA ITEM NO. 7.

Fiscal Year City Fresno County City
Ended City Unemployment Fresno County Unemployment Median June 30, Population Rate Population Rate Income 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
2024 126,133 1.29 4.50 1,017,431 8.10 88,828
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.

12.40 11.49

11.79 11.65

11.12 10.97

12.31 10.73
% Change
County Population

12.23 11.31

CITY OF CLOVIS

DEMOGRAPHIC STATISTICS

LAST TEN FISCAL YEARS
City Population
as % of
131
214
AGENDA ITEM NO. 7.

Percent of Percent of
Number of Total Number of Total
Employer Employees Rank Employment* Employees Employment* Clovis Unified School District 5,228 1 13.03% 5,563 1 18.54% Clovis Community Hospital 2,988 2 7.45% 1,643 2 5.48%
County of Fresno 1,874 3 4.67%
Wal-Mart 890 4 2.22% 740 4 2.47%
City of Clovis 767 5 1.91% 622 6 2.07%
Wawona Frozen Foods 735 6 1.83% 1,011 3 3.37%
Anlin Industries 526 7 1.31% 267 8 0.89%
Costco 435 8 1.08% 260 9 0.87%
Target 406 9 1.01% 419 7 1.40%
Cen Cal Builders 350 10 0.87%
Pelco 711 5 2.37%
Savemart 259 10 0.86%
* "Total Employment" as used above represents the total employment of all employers located within City limits based on a projection for June 2024.

Source: Employment Development Department or employer provided

CITY OF CLOVIS

PRINCIPAL EMPLOYERS

CURRENT YEAR AND TEN YEARS AGO
20152024
132
215
AGENDA ITEM NO. 7.
2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Governmental Activities
General Government 41.850 43.850 44.850 46.850 46.650 47.100 47.100 48.100 50.100 51.300 Public Safety
Police 163.000 168.000 175.000 175.000 176.000 179.000 180.000 180.000 184.000 196.000 Fire 66.000 66.000 67.000 67.000 67.000 67.000 73.000 73.000 73.000 74.000 Transportation 14.950 13.950 14.000 14.040 14.140 16.140 16.140 17.190 17.290 17.490 Community Development 1.000 1.000 1.000 0.850 0.850 0.850 0.850 1.000 2.000 Culture & Recreation 24.200 26.000 25.750 26.630 26.630 26.680 27.680 27.930 29.830 34.230 Internal Service 29.225 30.225 31.225 31.235 30.435 32.835 32.835 32.885 34.985 35.935 Total Governmental
Activities 339.225 349.025 358.825 361.755 361.705 369.605 377.605 379.955 390.205 410.955 Business-Type Activitie
s
Refuse 44.310 44.310 43.960 45.060 49.060 51.160 51.410 55.710 60.010 64.750 Sewer 11.250 11.250 11.250 12.230 12.780 13.030 13.280 13.480 15.580 16.460 Water 34.300 35.300 36.850 37.890 39.040 40.040 41.540 43.190 45.240 46.970 Street Cleaning 6.790 6.790 6.790 6.740 6.740 6.740 6.740 6.240 6.690 6.790 Transit 24.125 25.325 25.325 25.325 25.325 25.425 27.425 27.425 27.425 31.425 Planning & Dev Services 45.000 45.000 45.000 47.000 53.350 56.000 55.000 61.000 61.850 64.650 Total Business-Type
Activities 165.775 167.975 169.175 174.245 186.295 192.395 195.395 207.045 216.795 231.045 Total Full-Time Employees 505.000 517.000 528.000 536.000 548.000 562.000 573.000 587.000 607.000 642.000 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
133
216
AGENDA ITEM NO. 7.
2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
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 5555555566
Public utilities:

Streets (miles) 384 391 410 415 419 421 427 431 432 435 Streetlights 10,461 10,479 11,022 11,088 11,692 11,702 11,700 12,023 12,127 12,447 Cultural and recreation:

P a r k s 6 26 36 46 66 76 97 27 98 48 4
C o m m u n i t y c e n t e r s 1111111111
Water:

Water mains (miles) 508 514 521 535 546 555 573 585 600 603 Sewer
Sanitary sewers (miles) 373 379 385 396 405 413 426 432 442 444 Source: City of Clovis

CITY OF CLOVIS

CAPITAL ASSET STATISTICS

BY FUNCTION

LAST TEN FISCAL YEARS
134
217
AGENDA ITEM NO. 7.
2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Police:
911 calls to dispatch* - - - - - - 181,916 183,782 185,484 159,199 Number of crimes reported* - 16,430 18,034 16,856 16,135 15,417 17,580 17,042 17,347 15,605 Public and Officer initiated calls 77,580 84,909 84,697 81,492 80,616 80,023 79,097 76,103 79,331 83,992 for service
Fire:

Number of emergency calls 10,098 10,069 9,661 9,974 10,399 10,662 10,274 10,772 12,183 12,491 Parks and recreation:

Number of recreation classes 119 130 138 151 169 18 40 58 62 88 Number of facility rentals 32 32 32 48 68 25 20 35 64 72 Water:

New connections 636 837 936 1,067 1,068 855 1,193 610 436 783 Average daily consumption 20,684 16,883 19,083 20,849 19,929 21,682 22,939 22,944 21,604 22,018 (thousands of gallons)
Sewer:

New connections 639 509 801 1,170 1,037 830 902 650 590 602 Average daily sewage treatment 6,862 6,543 6,776 6,928 7,618 7,630 7,886 7,914 7,925 7,915 (thousands of gallons)
* Prior Fiscal Year information unavailable.

Source: City of Clovis

CITY OF CLOVIS

OPERATING INDICATORS BY FUNCTION

LAST TEN FISCAL YEARS
135
218
AGENDA ITEM NO. 7.
2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Valuation (in Thousands) *
Residential 232,729 $ 193,461 $ 265,411 $ 322,495 $ 236,922 $ 303,533 $ 357,447 $ 219,256 $ 248,361 $ 247,983 $ Non-residential 18,558 40,127 44,613 31,892 111,915 82,164 32,095 33,580 36,304 48,031 Total 251,287 $ 233,588 $ 310,024 $ 354,387 $ 348,837 $ 385,697 $ 389,542 $ 252,836 $ 284,665 $ 296,014 $ New Dwelling Units *
Single Family 794 697 925 1,046 848 884 1,148 531 658 595 Multiple Family 117 0 58 304 0 228 90 328 0 15
Total 911 697 983 1,350 848 1,112 1,238 859 658 610
* 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
136
219
AGENDA ITEM NO. 7.

Date of Incorporation February 27, 1912
Form of Government Council/Manager
Number of Employees (full-time and part-time) 767
Area (square miles) 27.33
Miles of Streets 435
Number of Street Lights 12,447
Fire Protection:

Number of Stations 6
Number of Firefighters and Officers 71
Police Protection:

Number of Police Officers
and Other Sworn Personnel 121
Water Department:

Number of Water Services 40,769
Miles of Water Mains 603
Sewers:

Miles of Sanitary Sewers 444
Source: City of Clovis Authorized Budget for Fiscal Year 2024/2025

CITY OF CLOVIS

MISCELLANEOUS STATISTICS
June 30, 2024
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AGENDA ITEM NO. 7.
223
AGENDA ITEM NO. 7.
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 standards generally accepted in the United States of America and the standards
applicable to financial audits contained in Government Auditing Standards issued by the Comptroller General of the United States, the financial statements of the governmental activities, business-type activities, each major fund, and the aggregate remaining fund information of t he City of Clovis, California (the “City”) as of and for the year ended June 30, 2024, 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 25, 2024.

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

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

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

Report on Compliance and Other Matters
As part of obtaining reasonable assurance about whether the City’s basic financial statements are free from material misstatement, we performed tests of its compliance with ce rtain provisions of laws, regulations, contracts, and grant agreements, noncompliance with which could have a direct 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. 224
AGENDA ITEM NO. 7.

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 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 25, 2024
142
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AGENDA ITEM NO. 7.
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 “City”) 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 program s for the year ended June 30, 2024. The City’s major federal programs are identified in the summary of the audito rs’ results section of the accompan ying 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, 2024.

Basis for Opinion on Each Major Fed
eral Program
We conducted our audit of compliance in accordance with auditing standards generally accepted 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 Prin ciples, 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 believe 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 resp
onsible for compliance with the requirements referred to above and for the design, implementation, and maintenance of effective internal control over compliance with the requirements of laws, statutes, regulations, rules, and provisions of contracts or grant agreements applicable to the City’s federal programs. 226
AGENDA ITEM NO. 7.

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

Auditors’ Responsibilities for the Audit of Compli
ance
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 accordance with auditing standards generally accepted in the United States of America, Government Auditing Standards , and the Uniform Guidance will 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 omission s, 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 in fluence 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 standards generally accepted in the United 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 noncompli ance, whether due to fraud or error, and design and perfo
rm audit procedures responsive to those risks. Such procedures include examining, on a test basi s, evid
ence 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 desi gn audit p
rocedures that are appropriate in the circumstan ces 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 effective
ness 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 deficiencies and material weaknesses in internal control over compliance that we identified during the audit.

Report on Internal Control Over Compliance
A
deficiency in internal control 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 t here is a reasonable possibility that material noncompliance with a type of compliance requirement of a federal program will 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 require ment of a federal program that is less severe than a material weakness in internal control over compliance, ye t important enough to merit attention by those charged with governance.

Our co
nsideration of internal control over compliance was for the limited purpose described in the Auditors’ 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 purpos e of expressing an opinion on the effectiveness of internal control over compliance. Accordingly, no such opinion is expressed.
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227
AGENDA ITEM NO. 7.

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

The purp
ose 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 testi ng based on the requirements 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 government al ac tivities, business-type activities, each major fund, and the aggregate remaining fund information of the City as of and for the year ended June 30, 2024, and the related notes to the financial statements, and have issued our report thereon dated November 25, 2024, 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 analysis and is not a required part of the financial statements. Such information is the responsibility of management and was derived from and relates directly to the underlying accounting and other records used to pr epare the financial statements. The information has been subjected to the auditing procedures applied in the au dit of the basic financial statements and certain other procedures, including comparing and reconciling such info rmation directly to the underlying accounting and other records used to prepare the financial statements or to the financial 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 25, 2024
145
228
AGENDA ITEM NO. 7.

City of Clovis
Schedule of Expenditures of Federal Awards
For the Year Ended June 30, 2024
See Notes to the Schedule of Expenditures of Federal Awards.

Federal Grantor/Pass-Through Grantor/Program or Cluster Title
Federal
Assista nce
Listing Number Pass-Through 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-21-MC-06-0062 116,329 $ -$ Community Development Block Grant-Entitlement 14.218 B-22-MC-06-0062 342,509 - Community Development Block Grant-Entitlement 14.218 B-23-MC-06-0062 533,745 - Community Development Block Grant-Entitlement 14.218 B-20-MW-06-0062 5,712 - CDBG Entitlement Grants Cluster 998,295 -
Passed-Through CA Dept. of Housing and Community Development:

Home Investment Partnerships Program 14.239 18-HOME-12582 13,962 - Total U.S. Department of Housing and Urban Development 1,012,257 - U.S. Department of the Interior, Bureau of Reclamation
Direct Program:

WaterSMART Program 15.514 BOR-DO-20-F002 45,873 45,787 Total U.S. Department of the Interior, Bureau of Reclamation 45,873 45,787 U.S. Department of Justice
Direct Programs:

Justice Assistance Grant Program 16.738 15PBJA-23-GG-03118-JAGX 19,382 - Passed-Through CA State Office of Emergency Services & Marjaree Mason:

Domestic Violence Response Team Program 16.588 UV23011257 25,000 - Total U.S. Department of Justice 44,382 -
U.S. Department of Transportation
Passed-Through California State Department of Transportation:

Highway Planning and Construction Cluster:

Highway Planning and Construction 20.205 06-5208 2,815,865 - Highway Planning and Construction Cluster 2,815,865 - Passed-Through California Office of Traffic Safety:

Highway Safety Cluster:

State and Community Highway Safety 20.600 PT23023 13,907 - State and Community Highway Safety 20.600 PT24046 18,116 - Highway Safety Cluster Total 32,023 -
Minimum Penalties for Repeat Offenders for Driving While Intoxicated 20.608 PT23023 21,824 - Minimum Penalties for Repeat Offenders for Driving While Intoxicated 20.608 PT24046 52,660 - Minimum Penalties for Repeat Offenders for Driving While Intoxicated Total 74,484 - Total U.S. Department of Transportation 2,922,372 -
U.S. Department of Treasury
Direct Programs:

Coronavirus State and Local Fiscal Recovery Funds 21.027 n/a 328,677 - Coronavirus State and Local Fiscal Recovery Funds Total 328,677 -

Total U.S. Department of Treasury 328,677 -
U.S. Department of Health and Human Services
Passed-Through Fresno-Madera Area Agency on Aging:

Aging Cluster:

Special Programs for the Aging, Title III, Part C 93.045 24-0051ARP 39,474 - Aging Cluster Total 39,474 -
Total U.S. Department of Health and Human Services 39,474 - U.S. Department of Homeland Security
Direct Programs:

Assistance to Firefighters 97.044 EMW-2022-FG-01550 47,182 - Staffing for Adequate Fire and Emergency Response 97.083 EMW-2019-FF-00250 827,173 - Passed-Through California State Office of Emergency Services Public Assistance Grants 97.036 FEMA-4683-DR-CA, Cal OES ID: 019-14218 86,330 - Passed-Through County of Fresno:

State Homeland Security Program (SHSP) 97.067 97.067 33,381 - Total U.S. Department of Homeland Security 994,066 - Total Expenditures of Federal Awards 5,387,101$ 45,787$ 146
229
AGENDA ITEM NO. 7.

City of Clovis
Notes to the Schedule of Expenditures of Federal Awards For the Year Ended June 30, 2024

Note 1 – Reporting Entity

The financial reporting entity consists of (a) the primary government, City of Clovis, California (the “City”), (b) organizations for which the primary government is finan cially accountable, including the Clovis Community Development Agency (dissolved on February 1, 2012 and established 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 wi th 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, special revenue, and enterprise funds of the City. The City utilizes the modified accrual method of accounting for the General Fund and special revenue funds and full accrual basis of accounti ng for the enterprise 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 Admi nistrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance) and includes the federal award activity for the year ended June 30, 2024. Therefore, some amount s 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 fede ral financial assistance programs of the City. Federal financial assistance received directly from 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 gran t programs and, therefore, does not pr esent 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 $45,787 in F ederal Assistance Listing No. 15.514 Wa terSMART Program funding to the Fresno Metropolitan Flood Control District during the fiscal year ended June 30, 2024.

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 terms 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 under the terms of the grants. Such audits could lead to a request for reimbursement to the grantor agencies.

147
230
AGENDA ITEM NO. 7.

City of Clovis
Schedule of Findings and Questioned Costs
For the Year Ended June 30, 2024
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
Federal
Expenditures
Major Programs:

Community Development Block Grant-Entitlement 14.218 998,295 $ Coronavirus State and Local Fiscal Recovery Funds 21.027 328,677 Total Major Program Expenditures 1,326,972$
Total Expenditures of Federal Awards 5,387,101$
Percentage of Total Expenditures of Federal Awards 24.63% 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? Yes 148
231
AGENDA ITEM NO. 7.

City of Clovis
Schedule of Findings and Questioned Costs (Continued)
For the Year Ended June 30, 2024
SECT
ION II – FINANCIAL STATEMENT FINDINGS
A.

Current Year Financial Statement Findings
No financial statement findings were noted for the year ended June 30, 2024.

B.

Prior Year Financial Statement Findings
No financial statement findings were noted for the year ended June 30, 2023.

SECT
ION III – FEDERAL AWARDS FINDINGS AND QUESTIONED COSTS
A.

Current Year Findings and Questioned Costs – Major Federal Award Program Audit No findin
gs or questioned costs were noted on major federal award programs for the year ended June 30, 2024.

B.

Prior Year Findings and Questioned Costs – Major Federal Award Program Audit No findin
gs or questioned costs were noted on major federal award programs for the year ended June 30, 2023. 149
232
AGENDA ITEM NO. 7.
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233
AGENDA ITEM NO. 7.
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 Honorable Mayor a
nd 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 financi al statements of the governmental acti vities, the business-type activities, each major fund, and the aggregate remaining f und information of the City of Clovis , California (the “City”), as of and for the year ended June 30, 2024, and the related notes to the financial statements, which collectively comprise the City’s basic financial statements, and have issued our report thereon dated November 25, 2024.

Report on Internal Control Over Financial Reporting
In planning and performing our audit of the financial statemen ts, 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 inter nal control. Accordingly, we do not express an opinion on the effectiveness of the City’s internal control.

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

Our consideration of internal control was for the limited purpose described in the first paragraph of this section and was not designed to identify all deficiencies in internal c ontrol that might be material weaknesses or significant deficiencies. Given these limitations, during our audit we did not identify any deficiencies in internal control that we consider to be material weaknesses. However, material we aknesses or significant deficiencies may exist that were not identified.
234
AGENDA ITEM NO. 7.

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

Report on Compliance and Other Matters
As part of obtaining reas on
able assurance about whether the financial statements are free of material misstatement, we performed tests of its compliance with certain provisio ns of laws, regulations, contracts 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 direct and material effect on the financial statements.

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

Purpose of This Report
The purpos
e 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 25, 2024
152
235
AGENDA ITEM NO. 7.
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, 2024. The management of the City is responsible for the Appropriations Limit Schedule.

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

The procedures and the associated findings are as follows:

1. We obtained the completed worksheets for the year ended June 30, 2024 and compared the limit and annual adjustment factors included in those worksheets to th e limit and annual adjustment factors included in those worksheets to the limit and annual adjustment factors that were adopted by resolution of the City Council. We also compared the population and inflation options included in the aforementioned worksheet to those th at 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 adjustments, 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 presente d in the accompanying Appropriations Limit Schedule to corre
sponding 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.
236
AGENDA ITEM NO. 7.

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-up on p rocedures engagement and conducted our engagement in accordance with attestation standards established by t he American Institute of Certified Public Accountants. We were not engaged to, and did not, conduct an examination or review engagement, the objective of which would be the expression of an opinion or conclusion, respectively, on the 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 thes e specified parties. However, this report is a matter of public record and its distribution is not limited.

San Diego, California
November 25, 2024
154
237
AGENDA ITEM NO. 7.

City of Clovis
Appropriations Limit Schedule
For the Year Ended June 30, 2024
Amount Source
A. Appropriations Limit FY 2023 384,447,189$ Prior year B. Calculation Factors:
1) Population increase % 1.0080 State Department of Finance 2) Inflation increase % 1.0444 State Department of Finance 3) Total adjustment % 1.0528 (B1*B2)
C. Annual Adjustment Increase 20,281,589 [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 20,281,589 (C+D)
F. Appropriations Limit FY 2024 404,728,778$ (A+E) 155
238
AGENDA ITEM NO. 7.

City of Clovis
Notes to Appropriations Limit Schedule
For the Year Ended June 30, 2024
Note 1 – Purpose of Limited Procedures Review
Under Article XIIIB of the California Constitution (the G ann 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 Arti cle 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 beginning 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 chan ge in population of the county where the jurisdiction is located. The factor adopted by the City for fiscal year 2024 represents the annual percentage change in population for the City.

Note 4 – Inflation Factors
A California governmental agency may use as its inflati on factor either the annual percentage change in the 4 th 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 pr eceding year due to the change of local nonresidential construction. The factor adopted by the City for fiscal year 2024 represents the annual percentage change in per capita personal income.

Note 5 – Other Adjustments
A California government agency may be required to adjust it s appropriations limit when certain events occur, such as the transfer of responsibility for municipal services to , or from, another government age ncy or private entity. The City had no such adjustments for fiscal year 2024.
156
239
AGENDA ITEM NO. 7.
4660 La Jolla Village Drive, Suite 100
San Diego, California 92122
November 25, 2024
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, 2024, and have issued our report thereon dated November 21, 2024. 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, 2024. 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 accounting policies used by the City are described in Note 1 to the basic financial statements.

New Accounting Standards
In June 2022, GASB issued Statement No. 100, Accounting Changes and Error Corrections – an Amendment of GASB Statement No. 62 . The primary objective of this Statement is to enhance accounting and financial reporting requirements for accounting changes and error corrections to provide more understandable, reliable, relevant, consistent, and comparable information for making decisions or assessing accountability. Application of this statement did not have a significant effect on the City’s fiscal year ending June 30, 2024.

We noted no other new accounting policies were adopted an d the application of existing policies was not changed during 2024. 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 Attachment 2
240
AGENDA ITEM NO. 7.

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

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 Accoun
ting 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 significant 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 auditors’ 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 25, 2024.

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 auditors’ 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. 241
AGENDA ITEM NO. 7.

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

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 in
tended 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
242
AGENDA ITEM NO. 7.