Agenda packet — Clovis City Council, December 9, 2024 (part 1 of 2)

December 09, 2024 - 1 - 7:01 PM A G E N D A • C I T Y C O U N C I L M E E T I N G

December 9, 2024 6:00 PM Council Chamber

In compliance with the Americans with Disabilities Act, if you need special assistance to access the City Council Chamber to participate at this meeting, please contact the City Clerk or General Services Director at (559) 324 -2060 (TTY – 711). Notificatio n 48 hours prior to the meeting will enable the City to make reasonable arrangements to ensure accessibility to the Council Chamber.

The Clovis City Council meetings are open to the public at the physical address listed above. There are numerous ways to participate in the City Council meetings: you are able to attend in person; you may submit written comments as described below; and you may view the meeting which is webcast and accessed at www.cityofclovis.com/agendas.

Written Comments

 Members of the public are encouraged to submit written comments at:
www.cityofclovis.com/agendas at least two (2) hours before the meeting (4:00 p.m.). You will be prompted to provide:

 Council Meeting Date
 Item Number
 Name
 Email
 Comment

 Please submit a separate form for each item you are commenting on.

 A copy of your written comment will be provided to the City Council noting the item number.

If you wish to make a verbal comment, please see instructions below.

 Please be aware that any written comments received that do not specify a particular agenda item will be marked for the general public comment portion of the agenda.

 If a written comment is received after 4:00 p.m. on the day of the meeting, efforts will be made to provide the comment to the City Council during the meeting. However, staff cannot guarantee that written comments received after 4:00 p.m. will be provided to City Council during the meeting. All written comments received prior to the end of the meeting will be made part of the record of proceedings.

Council Chamber, 1033 Fifth Street, Clovis, CA 93612 (559) 324-2060 www.cityofclovis.com
1 December 09, 2024 - 2 - 7:01 PM CAMPAIGN CONTRIBUTION PROHIBITIONS AND MANDATORY DISCLOSURE - Pursuant to Government Code section 84308, a Councilmember shall not accept, solicit, or direct a campaign contribution of more than $250 from any party or their agent, or from any participant or their agent, while a proceeding involving a license, permit, contract, or other entitlement for use is pending before the City or for 12 months after a final decision is rendered in that proceeding. Any Councilmember who has received a campaign contribution of more than $250 within the preceding 12 months from a party or their agent, or from a participant or their agent, must disclose that fact on the record of the proceeding and shall not make, participate in making, or in any way attempt to use their official position to influence the decision.

Pursuant to Government Code section 84308(e), any party to a covered proceeding before the City Council is required to disclose on the record of the proceeding any campaign contribution, including aggregated contributions, of more than $250 made within the preceding 12 mon ths by the party or their agent to any Councilmember. The disclosure shall be made as required by Government Code Section 84308(e)(1) and 2 CCR Section 18438.8. No party or their agent, and no participant or their agent, shall make a campaign contribution of more than $250 to any Councilmember during the covered proceeding or for 12 months after a final decision is made in that proceeding. The foregoing statements do not constitute legal advice, and parties and participants are urged to consult with their own legal counsel regarding the applicable requirements of the law.

CALL TO ORDER

FLAG SALUTE - Councilmember Bessinger

ROLL CALL

PUBLIC COMMENTS - This is an opportunity for the members of the public to address the City Council on any matter within the City Council’s jurisdiction that is not listed on the Agenda. In order for everyone to be heard, please limit your comments to 3 minutes or less, or 10 minutes per topic. Anyone wishing to be placed on the Agenda for a specific topic should contact th e City Manager’s office and submit correspondence at least 10 days before the desired date of appearance.

CONSENT CALENDAR - Items considered routine in nature are to be placed upon the Consent Calendar. They will all be considered and voted upon in one vote as one item unless a Councilmember requests individual consideration. A Councilmember’s vote in favor of the Consent Calendar is considered and recorded as a separate affirmative vote in favor of each action listed. Motions in favor of adoption of t he Consent Calendar are deemed to include a motion to waive the reading of any ordinance or resolution on the Consent Calendar. For adoption of ordinances, only those that have received a unanimous vote upon introduction are considered Consent items.

1. Administration - Approval - Minutes from the December 2, 2024, Council Meeting.

2. Administration – Adopt - Ord. 24-18, R2024-004, A request to amend the development standards and preliminary development plan for the Tuscan Village Planned Commercial Center, associated with approximately 33 acres of land located at the northwest corner of Sierra and N. Clovis Avenues. Blanchimont Corner LLC et al., owners; Legacy Realty and Development, applicant; Roger Hurtado, representative. (Vote: 5-0)

2 December 09, 2024 - 3 - 7:01 PM

3. Police – Approval – Waive the City’s formal bidding requirements and authorize the sole-source purchase of a Video Wall Management System for the Real Time Information Center through Wildfire Technology Integration for a total purchase of $700,088.00.

COUNCIL ITEMS

4. Consider various actions related to the November 5, 2024, Clovis General Municipal Election for Clovis City Council and Measure Y (Sales Tax):

a. Consider Approval – Res. 24-___, Declaring the results of the November 5, 2024, Clovis General Municipal Election for Clovis City Council and Measure Y.

b. Oath of Office: Councilmembers Ashbeck and Mouanoutoua.

Staff: Briana Parra, City Clerk
Recommendation: Approve

5. Consider various actions related to the City Council Reorganization:

a. Election of Mayor by City Council – Mayor Pro Tem Mouanoutoua

b. Election of Mayor Pro Tem by City Council – Mayor

c. Presentation of gavel to outgoing Mayor Ashbeck – Mayor

d. Council Comments / Introductions by Mayor and Councilmembers

RECESS FOR PHOTOS AND REFRESHMENTS (City Hall Foyer)

ADMINISTRATIVE ITEMS - Administrative Items are matters on the regular City C ouncil Agenda other than Public Hearings.

6. Workshop to begin discussion of how city growth impacts county roads and joint efforts to improve safety.

Staff: Councilmember Ashbeck
Recommendation: Provide Direction

RECESS AND RECONVENE AT DAIS

ADMINISTRATIVE ITEMS - Administrative Items are matters on the regular City Council Agenda other than Public Hearings.

7. Consider Approval - 2023-24 Annual Comprehensive Financial Report.

Staff: Jay Schengel, Finance Director
Recommendation: Approve

3 December 09, 2024 - 4 - 7:01 PM

CITY MANAGER COMMENTS

COUNCIL COMMENTS

CLOSED SESSION - A “closed door” (not public) City Council meeting, allowed by State law, for consideration of pending legal matters and certain matters related to personnel and real estate transactions.

8. Government Code Section 54957.6
Conference with Labor Negotiator(s)
Agency designated representative: City Attorney
Unrepresented employee: City Manager

9. Government Code Section 54957

PUBLIC EMPLOYEE APPOINTMENT/EMPLOYMENT
Title: City Manager

RECONVENE INTO OPEN SESSION AND REPORT FROM CLOSED SESSION

ADJOURNMENT

FUTURE MEETINGS

Regular City Council Meetings are held at 6:00 P.M. in the Council Chamber. The following are future meeting dates:

Dec. 16, 2024 (Mon.)
Jan. 6, 2025 (Mon.)
Jan. 13, 2025 (Mon.)
Jan. 21, 2025 (Tue.)

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CLOVIS CITY COUNCIL MEETING

December 2, 2024 6:00 P.M. Council Chamber

Meeting called to order by Mayor Ashbeck at 6:02
Flag Salute led by Councilmember Basgall

Roll Call: Present: Councilmembers, Basgall, Bessinger, Mouanoutoua, and Mayor Ashbeck

Absent: Councilmember Pearce

PUBLIC COMMENTS – 6:03

Bill Scott, resident, addressed concerns with public awareness and outreach regarding the Clovis districting process and highlighted transparency and better public engagement.

Steven Trevino, resident, addressed concerns regarding insufficient public outreach regarding the Clovis district process and suggested broader outreach efforts including radio talk shows, Spanish-language platforms.

CONSENT CALENDAR – 6:08

Upon call, there was no public comment.

Motion by Councilmember Bessinger, seconded by Councilmember Basgall, that the items on the Consent Calendar be approved, with the exception of item 7, including the waiver of the reading of the ordinance. Motion carried by 4-0-1 vote, with Councilmember Pearce absent.

1. Administration - Approval - Minutes for the November 18, 2024, Regular Council Meeting and the November 18, 2024, Special Council Meeting.

2. Administration - Adopt - Ord. 24-17, Amending Sections 2.7.06 and 2.7.08 of Chapter 2.7 and Section 2.9.03 of Chapter 2.9 of Title 2 of the Clovis Municipal Code Pertaining to the City Purchasing System and Procurement Procedures for Public Projects. (Vote: 5-0)

3. Administration - Approval - Waive Normal Purchasing Process and approve the purchase of a next generation enterprise cybersecurity system from CDWG Corporation using the Omnia cooperative purchasing program; a competitively bid contract with purchasing provisions for California State and Local government agencies in the amount of $54,978.89 per year for three years.

4. General Services – Approval – Res. 24 -133, Authorizing Amendments to the City’s Classification and Compensation Plans to Adopt the Parks Supervisor Classification with a Salary Range of $8,773 to $10,665 per month.

5. General Services – Approval - Waive the City’s Usual Purchasing Requirements and Authorize the Purchase of One (1) Ram Promaster Transit Vehicle for $170,610.05 Utilizing the California Association for Cooperative Transportation ( CalACT) Competitive Bid Award.
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6. Planning and Development Services – Approval – Final Acceptance for CIP 24 -01, Rubberized Cape Seal 2024.

8. Planning and Development Services – Approval – Bid Award for CIP 24 -24, Santa Ana Sidewalk Improvements to Platin um Dirt Worx, LLC, in the amount of $74,594.02; and authorize the City Manager to execute the contract on behalf of the City.

9. Planning and Development Services - Approval – Res. 24 -134, Final Map Tract 6205 located on northeast corner of Shepherd Avenue and Sunnyside Avenue (Great Bigland, Inc., a California Corporation).

10. Planning and Development Services - Approval – Res. 24-135, Annexation of Proposed Tract 6205 located on northeast corner of Shepherd Avenue and Sunnyside Avenue to the Landscape Ma intenance District No. 1 of the City of Clovis. (Great Bigland, Inc., a California Corporation).

11. Public Utilities – Approval – Waive Formal Bidding Requirements and Authorize the Purchase of One Case 521G XT Wheel Loader Tractor from Sequoia Equipment Company Using the Sourcewell Cooperative Purchasing Contract in the Amount of $204,892.59.

12. Public Utilities – Approval – Final Acceptance for CIP 23-17, Sierra Bicentennial Dog Park Improvements, with a Final Contract Cost of $66,196.86.

ITEMS PULLED FROM CONSENT CALENDAR

6:08 ITEM 7 - Planning and Development Services – Approval – Bid Award for CIP 24 -06, New Bus Stops: B2 to Cervantes Landscape Services, Inc., in the amount of $167,172.00; and authorize the City Manager to execute the contract on b ehalf of the City.

The above item was continued to December 16, 2024, by staff.

CHRISTMAS TREE LIGHTING CEREMONY– 6:27

Meeting called to order by Mayor Ashbeck at 7:04

COUNCIL ITEMS – 6:09

Upon call, there was no public comment.

6:09 ITEM 1 3 - CONSIDER APPROVAL - RE-APPOINTMENT TO CO NSOLIDATED MOSQUITO ABATEMENT DISTRICT FOR A TERM ENDING DECEMBER 31, 2026.

Motion for approval by Councilmember Mouanoutoua, seconded by Councilmember Bessinger. Motion carried by 4-0-1 vote, with Councilmember Pearce absent.

PRESENTATION – 7:10

7:10 ITEM 1 4 - PRESENTATION OF PROC LAMATION HONORING GE NERAL SERVICES

DIRECTOR SHONNA HALT ERMAN UPON HER RETIR EMENT AND COMMENDING HER FOR 30 YEARS OF SERVICE TO THE CLOVIS COMMUNITY.

6 AGENDA ITEM NO. 1.

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PUBLIC HEARINGS – 6:11

6:11 ITEM 15 - CONSIDER APPROVAL – RES. 24 -XX, ADOPTION OF A RESO LUTION AMENDING THE 2019 -2020 COMMUNITY DEVELOP MENT BLOCK GRANT (CD BG) ACTION PLAN AND THE 2016-2020 CONSOLIDATED PLAN TO CHANGE THE USE OF COMMUNITY DEVELOPMENT BLOCK GRANT – CORONAVIRUS (CDBG-CV) FUNDS

FROM THE UTILITIES A SSISTANCE PROGRAM AN D PROGRAM ADMINISTRA TION

TO THE WATER TOWER I TRAIL EXPANSION FOR THE PREVENTION OF T HE

SPREAD OF CORONAVIRU S BY INCREASING THE CAPACITY FOR SOCIAL DISTANCING; AND CONS IDER APPROVAL – RES. 24 -XX, AMEND THE 2024 -2025

COMMUNITY INVESTMENT PROGRAM BUDGET FOR PARKS IMPROVEMENTS, TO INCLUDE WATER TOWER 1 TRAIL PLAZA IMPROV EMENTS IN THE AMOUNT OF $155,876.

Steven Trevino, resident, suggested improving lighting and beautification efforts in the areas of downtown and addressed aesthetic concerns around tiny house and unused spaces.

The Council discussed whether the proposed trail improvement project was the best use of CDBG funds to serve the neediest communities and addressed public usage, connectivity for seniors, potential safety hazards, and if there are alternative projects in the southwest or other areas that might better address community priorities within the fu nding and eligibility criteria.

Motion by Councilmember Bessinger, seconded by Councilmember Basgall to continue the item to a date uncertain in 2025. Motion carried by 4-0-1 vote, with Councilmember Pearce absent.

7:29 ITEM 1 6 - CONDUCT A PROPOSITIO N 218 PUBLIC HEARING AND MAJORITY

PROTEST VOTE TO IMPL EMENT A WATER METER INSTALLATION FEE TO UNMETERED PARCELS IN TARPEY VILLAGE; AND CONSIDER APPROVAL – RES. 24 -136, A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CLOVIS AUTHORIZING A WATER METER INSTALLATION FEE.

Lilian, resident, requested the council to consider delaying the decision on the proposed fee increase, citing economic hardships, concerns about accessib ility for non -English speakers, public outreach, and the need for clearer communication on how residents can formally submit protests.

The public hearing was closed at 7:43 p.m.

City Clerk Parra announced the City received a total of 11 written protests.

7 AGENDA ITEM NO. 1.

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The Council discussed concerns about ensuring public meetings and communications are accessible to non -English speakers, emphasizing the need for future communications to include Spanish and Hmong translations.

Motion for approval by Councilmember Mouanoutoua, seconded by Councilmember Bessinger. Motion carried by 4-0-1 vote, with Councilmember Pearce absent.

ADMINISTRATIVE ITEMS – 7:53

7:53 ITEM 17 - CONSIDER VARIOUS REQ UESTS FROM WILSON HO MES REGARDING TRACT MAP 6205, A 580-LOT SUBDIVISION LOCATED AT THE NORTHEAST CORNER OF SUNNYSIDE AND SHEPHERD AVENUES.

Goldie Lewis with Wilson Homes, addressed the challenges of the development project, emphasized the need for fair and equitable policies related to fees and reimbursement.

Todd Wilson Vice President of Wilson Homes also emphasized the need to find an equitable solution to allow development to continue while addressing the challenges and complexities faced by all parties involved.

Brandon DeYoung with DeYoung Properties expressed support for Wilson's pr oposals, provided they are applied equitably to all developers in the future and recommended seeking solutions already established elsewhere rather than reinventing the wheel.

Andrew Phelps representing Woodside Homes, emphasized the importance of distinguishing between setting policy and granting exceptions, opposing exceptions while supporting the development of clear criteria for fee credits and project prioritization.

Mayor Ashbeck motions to approve staffs’ recomm endation as presented. Motion dies for lack of second.

17A - ALLOW FOR A DEVIATIO N FROM CITY POLICY R EGARDING REIMBURSEMENTS WITHIN STREET AREA 1 AS REQUESTED BY WILSON HOMES.

Motion by Councilmember Mouanoutoua, seconded by Councilmember Bessinger, to continue to a date uncertain and bring back to Council a workshop and policy discussion .

Motion carried by 4-0-1 vote, with Councilmember Pearce absent.

17B - DENY THE REQUEST TO DEVIATE FROM CITY PO LICY REGARDING

REIMBURSEMENTS OF SEWER MAJOR FACILITY IMPROVEMENTS AS REQUESTED BY WILSON HOMES.

8 AGENDA ITEM NO. 1.

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Motion by Councilmember Mouanoutoua, seconded by Councilmember Bessinger, to continue to a date uncertain and bring back to Council a workshop and policy discussion.

Motion carried by 4-0-1 vote, with Councilmember Pearce absent.

17C - DENY THE REQUEST TO DEVIATE FROM CITY PO LICY REGARDING

REIMBURSEMENTS OF WATER MAJOR FACILITY IMPROVEMENTS AS REQUESTED BY WILSON HOMES.

Motion by Councilmember Mouanoutoua, seconded by Councilmember Bessinger, to continue to a date uncertain and bring back to Council a workshop and policy discussion.

Motion carried by 4-0-1 vote, with Councilmember Pearce absent.

17D - DENY THE REQUEST TO DEVIATE FROM THE CITY’S MUNICIPAL CODE AND

ALLOW FOR THE DEFERM ENT OF THE WATER SUP PLY FEE AS REQUESTED BY WILSON HOMES.

Motion by Councilmember Mouanoutoua, seconded by Councilmember Bessinger, to approve staff’s recommendation to deny the request for deferment of the Water Supply Fee, and if there is a subsequent amendment to the City’s policy on fee deferment a refund or reimbursement of the Water Supply Fee paid can be considered at that time. Motion carried by 4-0-1 vote, with Councilmember Pearce absent.

CITY MANAGER COMMENTS - 10:18
None.

COUNCIL COMMENTS –10:19
None.

CLOSED SESSION – 10:23

Upon call, there was no public comment.

ITEM 18 - GOVERNMENT CODE SECTION 54956.9 CONFERENCE WITH LEGAL COUNSEL – ANTICIPATED LITIGATION DECIDING WHETHER TO INITIATE LITIGATION PURSUANT TO GOVERNMENT CODE SECTION 54956.9, SUBDIVISION (D)(4): ONE POTENTIAL CASE

Motion by Councilmember Bessinger, seconded by Councilmember Basgall, that the Council authorized initiating litigation in the form of a receivership action to abate the nuisance condition at 1495 Fourth Street. Motion carried 4-0 1, with Councilmember Pearce absent.

ITEM 19 - GOVERNMENT CODE SECT ION 54957.6 CONFERENCE WITH LAB OR NEGOTIATOR(S) AGENCY DESIGNATED REPRESEN TATIVE: CITY ATTORNE Y UNREPRESENTED EMPLOYEE: CITY MANAGER

9 AGENDA ITEM NO. 1.

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No action taken.

ITEM 20 - GOVERNMENT CODE SECT ION 54957 PUBLIC EMPLOYEE APP OINTMENT / EMPLOYMENT TITLE: CITY MANAGER

No action taken.

RECONVENE INTO OPEN SESSION AND REPORT FROM CLOSED SESSION

ADJOURNMENT

Mayor Ashbeck adjourned the meeting of the Council to December 9, 2024.

Meeting adjourned: 11:30 p.m.

______________________________ ________________________________ Mayor City Clerk
10 AGENDA ITEM NO. 1.

TO: Mayor and City Council
FROM: Administration
DATE: December 9, 2024
SUBJECT: Administration – Adopt - Ord. 24-18, R2024-004, A request to amend the development standards and preliminary development plan for the Tuscan Village Planned Commercial Center, associated with approximately 33 acres of land located at the northwest corner of Sierra and N. Clovis Avenues. Blanchimont Corner LLC et al., owners; Legacy Realty and Development, applicant; Roger Hurtado, representative. (Vote: 5-0)

ATTACHMENTS: None.

This item was approved for introduction on November 18, 2024, with a unanimous vote.

Please direct questions to the City Manager’s office at 559-324-2060.

11 AGENDA ITEM NO. 2.

TO: Mayor and City Council
FROM: Police Department
DATE: December 9, 2024
SUBJECT: Police – Approval – Waive the City’s formal bidding requirements and authorize the sole-source purchase of a Video Wall Management System for the Real Time Information Center through Wildfire Technology Integration for a total purchase of $700,088.00.

ATTACHMENTS: 1. Wildfire Proposal

RECOMMENDATION
For the City Council to approve the waiving of the City’s formal bidding requirements and authorize the sole-source purchase of Video Wall Management system from Wildfire Technology Integration for the Real Time Information Center (RTIC) in the amount of $700,088.00.

EXECUTIVE SUMMARY
Approval of this purchase will allow the RTIC to be equipped and operational by the acquisition and implementation of a Video Wall Management System from Wildfire Technology Integration.

This system will allow the RTIC to integrate disparate systems and a llow the synthesizing and delivery of robust intelligence information to officers in a rapid timeframe. Thus, increasing officer safety, reducing response times, and increasing solvability rates.

BACKGROUND
The Clovis Police Department remains at the forefront of leveraging technology to enhance service quality, efficiency, and officer safety.

The Clovis Police Department is looking to increase the efficiency and effectiveness of officers in the field by cr eating a Real Time Information Center or RTIC. The RTIC unit will utilize real - time integrated technology and data analysis to provide support for active police operations.

Analysts will support Officers by monitoring city cameras and providing immediate i ntelligence and investigative leads, allowing officers to make better informed decisions. The program will also improve emergency responses and prevent crime by allowing for camera integration with residents, business owners, and other government agencies.

This RTIC is essential in allowing the Department to maintain our top priority response time and goals of being the safest City in the Valley. The geographical and population growth of the City 12 AGENDA ITEM NO. 3.
has and will continue to increase, thus adding to the necessity of using an integrated technology system. The RTIC will also house the Drone First Responder (DFR) program, increasing the capacity of sending time sensitive information to officers and decision-makers. The program will also integrate with the Emergenc y Operation Center in the Public Safety building allowing all City Departments the ability to make more informed decisions during disaster response.

A successful RTIC will rely on the integration of multiple data sources such as surveillance cameras, lic ense plate readers, social media monitoring and local intelligence information.

Interoperability between all these technologies is vital to making a RTIC successful.

Implementation of the Wildfire Integration and the Video Wall Management System will be fundamental to the success and operation of this program.

FISCAL IMPACT
Purchase via sole source is based upon the characteristics of this Video Management System.

The sole -source purchase provides a cohesive integrated product that includes proprietary features only available from Wildfire. These features include the ability to insert and extract LED video modules without the risk of damage to the surrounding modules and a redundant “Four - Way Failover” which prevents other modules from failing in the event of a single module failure.

The total purchase price is $700,088.00 and the purchasing schedule program is in the proposal.

Funding for the system has been secured through existing funds. Wildfire Technologies will purchase, pre-build, test, install, and provide training on the Video Wall Management System within approximately 12 weeks after acceptance of the contract.

REASON FOR RECOMMENDATION
The RTIC integration of a Video Wall Management system will improve public safety by providing situational awareness for officers, supporting criminal investigations, providing information for City decision-makers, and fostering collaboration with the Community in crime prevention.

Unlike other integration companies that only provide portions of services, Wil dfire Technology systems will provide a turn -key solution and has the expertise and experience to provide a standardized and consolidated work process that does an in-house fabrication and testing of the product prior to installation. They provide an end-to-end service of project management, system engineering, pre-build fabrication, factory acceptance testing, control programing, installation, and post installation services, including training.

ACTIONS FOLLOWING APPROVAL
The Police Department will finaliz e the contract with Wildfire Technology Integration and move forward with the Video Wall Management System.

CONFLICT OF INTEREST
None.

Prepared by: Calli Biaggi, Crime Analysis Supervisor

Reviewed by: City Manager JH
13 AGENDA ITEM NO. 3.
[PROJECT NAME]
Clovis Police Department
Proposal# WP-4308
Presented by:

Janine Zaffino
714-913-3182
[email protected]
www.WildfireAV.com
ATTACHMENT 1
14 AGENDA ITEM NO. 3.

Non-Disclosure Statement This proposal includes information that shall not be used, duplicated, or disclosed to any third parties without written consent of Wildfire. All brands, product names, trademarks, and registered trademarks appearing in the document are the property of their respective owners. Wildfire appreciates your professionalism in not disclosing the contents to any individual or organization that is not a direct recipient or authorized viewer of this document
City of Clovis Police Department
1233 5th Street
Clovis, CA 93612

Re: Clovis Police Department – Real Time Information Center (RTIC) - Video Wall Management System

Proposal # WP-4308 V1.2 Barco / RGB

Dear Mr. Anthony Lee,

Wildfire Technology Integration is pleased to present our proposal for a custom full Turnkey RTIC Solution to Design, Furnish, Install, Service and Support the Video Wall Management System for the Real Time Information Center, site location 1233 5th Street, Clovis, CA 93612.

For over 16 years, Wildfire has built its reputation on designing and building custom solutions for our customers. We are a financially strong, privately owned AV integration corporation with a proven history of success in the industry.

We are known to faithfully fulfill our client’s vision with highly advanced engineered systems that perform reliably and dynamically. We understand that this is a high -profile project requiring a team who can mobilize quickly, has an inventive understanding of complex systems, and can ensure attentive service.

Our understanding of your operations, attention to detail, and expertise sets us apart from anyone else in the industry.

It goes without saying we look forward to having Clovis Police Department RTIC as another one of our satisfied customers.

At your earliest convenience, we would appreciate the opportunity to review this proposal with you and your team so we can discuss in more detail and answer any questions you may. If you have any questions, please direct them to me at 714-913-3182 or [email protected].

Warm regards,

Janine Zaffino

Janine Zaffino
Sr. Account Manager
Command & Control Room / Mission Critical Spaces Specialist

15 AGENDA ITEM NO. 3.

Wildfire Technology Integration Proposal No. WP-4308 V 1.2 Page 2 of 28

Table of Contents

COVER PAGE

16 AGENDA ITEM NO. 3.

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SECTION A. | ABOUT WILDFIRE TECHNOLOGY INTEGRATION

Wildfire Technology Integration is a Privately Held company since 2008 designing, building, and servicing innovative AV solutions. We service clients Nationwide by utilizing our in-house team of experts, and our strategic partner alliance.

After many years of experience, our ability to grow and adapt to the latest technology and customer needs has made us a leader in the industry.

Our flexibility allows us to provide a variety of services to a wide range of industries from conference rooms to boardrooms to corporate complexes to mission critical control room spaces, we can create the ideal audio/visual solutions that fit your unique needs and budget.

Wildfire Divisions Include:

The AV System Solutions Group delivers fully integrated AV solutions. Discover, consult, design, pre -build, install, service and support. We evaluate your space, create a plan, and then bring the audio and visual components together into one unified system.

The Command and Control Room Group focuses on providing a wide range of comprehensive and collaborative 24/7 control room and mission critical solutions specially designed to fit into each unique workspace and meet each client’s specific requirements.

The Support Services Group ensures that your system is working perfectly, responds to technical issues, and provides training and peace of mind.

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Wildfire Technology Integration Proposal No. WP-4308 V 1.2 Page 4 of 28

SECTION B. | QUALIFICATIONS

TECHNICAL OPERATIONS RESPONSIBILITIES

Wildfire maintains a core group of highly qualified and experienced Engineering, Project Management, Service, and Implementation staff in the pursuit of its core business. The technical segment of the core group maintains a highly talented and experienced staff. This seasoned and experienced technical staff culminates decades of real-world experience in the broadcast, video conferencing, audio and presentation system, acoustic and sound masking implementation process.

The operations and installation staff have many years of experience. Each team will follow a project through, from assembling the equipment and building the system in -house to shipping, receiving, and installation of the equipment on site. The installers are provided with on -going training by their management and our engineers. Manufacturer training is also provided wh ere required for set -up and adjustment of equipment in the field. Sub -contractors are utilized primarily for projects requiring union labor.

The technical staff is experienced with system design, implementation and service support in various systems including but not limited to Crestron, AMX, Extron, Barco, VuWall, RGB Spectrum system design and implementation.

Resident software skills are utilized for system de-bugging and field changes made when new systems are commissioned, or equipment is introduced into existing systems.

Wildfire Project Managers and Engineering Technicians have a minimum of ten years of experience in their respective positions.

Wildfire maintains a fulltime installation staff and is supplemented with a well-established union and non-union subcontractor base. Sub-contractors are also utilized for projects requiring union labor and to supplement our permanent staff as required for timely systems installation. Vehicles and all the associated tools of our trade are maintained by our organization. Installation personnel are provided with on-going training by their management and our engineering staff. Manufacturer training is also provided as a standard and where required for set-up and adjustment of equipment in the field.

Our project teams are experienced and well versed in every aspect of Control Room and Commercial AV Systems, system design and integration. From pre-sales activities including customer needs analyses, system design, product/technology selection, proposal presentation/revision, to implementation of the design, refinement of the software and user interface, testing and adjustment, training and documentation, and system maintenance and repair, Wildfire has successfully performed for our Customers since 2008.

Wildfire completed the Audiovisual Providers of Excellence (APEx) certification program from AVIXA (formerly InfoComm). The program is for integration companies and AV design consulting firms dedicated to upholding industry excellence by providing quality service to customers. The AVIXA APEx program recognizes companies based on the number of employees holding key industry certifications, including AVIXA’s CTS, CTS-I, & CTS-D credentials, completion of continuing education classes, and positive customer survey responses. APEx providers must also prove that they meet or exceed the requirements within 2 ANSI/AVIXA standards, the Standard Guide for Audiovisual Systems Design and Coordination Processes and the AV System Performance Verification Standard, to foster better communication between the AV provider and the client.

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Wildfire Technology Integration Proposal No. WP-4308 V 1.2 Page 5 of 28

SYSTEM INTEGRATION METHODOLOGY

Wildfire has developed a methodology for completing projects efficiently and successfully. When it absolutely must be right, we will make sure it is. To achieve this, every client project is serviced by a committed Wildfire team who deploys standardized, consolidated work processes and uses our in -house fabrication and testing facilities to ensure clients always benefit from maximized up-time, not downtime. We provide an End-to-End total service offering.

Wildfire has established relationships with architects, electrical and data, general contractors and union contractors to accomplish the installation services required and is accustomed to working with on -site contractors to facilitate the successful integration of our work with their work. In the case of Millwork for example, we can provide equipment specifications/dimensions or the appropriate templates for cutting in equipment such as touch panels, monitors, input plates and displays.

Wildfire is not a union shop; however, we have close relationships with audiovisual installation sub -contractors that are union shops, employing union members.

Project Management & Engineering – How These Roles Align:

Wildfire Project Managers and Engineering Technicians have a minimum of five years of experience in their respective positions. A Project Manager will be assigned to coordinate and manage the various Wildfire and other required resources needed to deliver the project as ordered.

The project scope and Wildfire/Customer responsibilities will be reviewed and confirmed. A project schedule will be developed by mutual agreement to specific milestones. The Project Manager will be available for a customer site visit and to coordinate facility issues with the customer’s architects when these requirements are clearly identified in the proposal.

The Project Manager will monitor the progress of the project and initiate any corrective actions required. The Project Manager will be responsible for identifying changes in the project’s scope as well as providing and obtaining approval for all resulting price changes. Coordination of in-house acceptance, system shipment, site readiness, on-site activities, and development of a mutually agreed upon punch list will also occur during this phase.

The Project Manager will coordinate resolution of all Wildfire punch list items, additional training (if included), final billing issues, and initiation of the service contract and delivery of as -built drawings. The Engineering Technician is trained in all the product lines as an engineer. The Engineering Technician is responsible for the technical testing and setup of the system.

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SECTION C.| STATEMENT OF WORK

SYSTEM INTEGRATION SERVICES include:

Project Management
Developing clear lines of communication is the first step in setting up a successful project. At the beginning of the project, Wildfire appoints a Project Manager who will be your main point of contact and the responsible individual for the Wildfire scope of work.

The Project Manager interfaces with the Client’s representative and other vendors involved in the project as necessary to insure a smooth and timely flow of information.

The Project Manager also coordinates with the Wildfire Engineers and Technicians assigned to the project while managing the schedule, scope, and invoicing for the project. • Meetings with clients technical and contract representatives, status reports, and resolution of questions or issues outstanding.
• Develop project schedule and oversight of Wildfire team. • Stage equipment and materials at our shop, create as built drawings. • Submit owner manual binders of all equipment documentation. • Supervise end user training on systems operation.
• Facilitate competition of final punch list items.

System Engineering
The Wildfire Project Engineer works with the Wildfire technical team to generate the drawings, diagrams, and facility impact reports necessary for the project. The engineering team also tests and commissions the various systems provided by Wildfire.
• Complete submittal packages including architectural and audio/video and control drawings. • All System Diagrams and As-Built drawings are produced in Auto CAD. • Weekly team meetings with all participants to review project timeline and engineering drawings. • Final testing and commissioning of system: balancing audio, equalizing sound, perform mechanical and electronic procedures delivery of equipment.

Fabrication (Pre-Build)
To minimize onsite technical problems and to speed up installation, fabrication and testing of equipment racks and sub-assemblies may be performed in one of Wildfire’s facilities prior to the start of installation. The equipment racks containing the AV equipment will be wired, labeled, and tested before being shipped to site.

Factory Acceptance Testing (“FAT”)
Wildfire will include checking for continuity and correct functionality and operation of all wiring, connections and equipment contained within the system. The system will also be pre-programmed as much as possible.

Control Programming
Prior to installation start date, a pre-programming meeting with client and WILDFIRE will be scheduled to define the functional requirements and associative workflows.
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• Clarify functional requirements with client.
• Develop and receive client approval of layout using the high-resolution logo from client. • Program software to specific approved design for human interface control of the audiovisual systems. • Submit sample and receive approval from client for final user interface. • Base touch panel from drawings.
• Base program from functional list.
• Loading and testing of all control functions.

Installation
Wildfire will supply the labor, special tools and equipment needed to affect a timely installation of the system(s) according to established procedures and practices and in good and workmanlike manner to meet the schedule defined herein.

Wildfire will supply the products and equipment per the equipment list needed to make the proposed systems complete and operational. This includes both “off the shelf” and custom-built items.

Installations are overseen by a Site Supervisor, who ensures tasks are assigned appropriately, and standards are adhered to. The Site Supervisor conducts reviews of all work performed to ensure the quality of workmanship is met. The installation team conducts tests dependent on the type of equipment being installed, to ensure 100% functionality.

Commissioning, System Set-up, Testing
A function of the Engineering department, our Commissioning Engineers are responsible for bringing the system up once it is installed. After installation and termination of all cables is complete, the Wildfire Engineering Team will test and commission the installed system according to the following proven standards:
• The presence of all equipment purchased as part of this proposal will be verified. • Signal flow will be checked throughout.
• Image and audio quality will be checked.
• Alignment of images will be performed as required by the program. • Control of all items will be confirmed.
• Functional operations will be tested and confirmed.

Post Installation Services
• Documenting and labeling of all cables.
• Copy of all newly installed equipment that includes:
o equipment manuals, spec sheets, serial #’s, IP/Mac addresses, as-built room AV system drawings. • Provide user training and orientation sessions.
• Provide service and warranty coverage contact info.

System Acceptance
Upon completion of Systems Set-up and Testing, Wildfire will demonstrate to the Client’s Representative that the System performs as specified. If the performance is satisfactory, the Client will sign Wildfire’s System Acceptance 21 AGENDA ITEM NO. 3.

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Form. In the event of agreed non-performance, Wildfire will rectify the fault(s) and re-demonstrate the system until the system performs as specified.

Completion
Substantial Completion is achieved at the point when the system is operational and ready for use or is put into use on a daily basis, at the Client’s instruction. This is also considered the start of the standard workmanship warranty period.

Actual Completion is achieved at the point when the system has been accepted by the Client’s Representative and the training and documentation is complete and delivered to the Client.

Training
Wildfire has included 4 hours of training on the same day for the owner’s technical representatives on site. The owner’s technical representatives should be familiar with audio visual technology and if problems arise, these technical representatives will be the first line of defense. The technical representatives will also interface with the Wildfire service and support team, so it is important that all the owner’s technical representatives be trained on the system operation, preventative maintenance, and troubleshooting. In summary, each technical representative will be trained on the following:
• Equipment Handling and Installation ● System Connectivity ● System Operation ● System Adjustment • Preventative Maintenance ● Parts Change-out ● Troubleshooting Shipping
Shipping estimate of equipment to site via ground service has been included in this proposal. Ground or freight shipping of equipment to site has been included in this proposal, according to Wildfire’s Standard Terms and Conditions. If equipment needs to be expedited to site for reasons outside of Wildfire’s control or sent to other locations, such as to a content producer, additional fees will apply.

Taxes
Taxes are included in this proposal.

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SECTION D. | SCOPE OF WORK

OVERVIEW

The Clovis Police Department serves a community of 120,000 people and is ranked the safest city in Central Valley and is listed in the top ten present of cities in national rankings.

The Clovis Police Department is seeking to add a Real Time Information Center to an existing space in their existing building.
(bold applies):
- Prevailing wage rates apply
- Non-Union installation labor
- Hard Hats, Personal Protective Equipment and Jobsite Safety Certification - Free Parking in front of the building
- Hours of Room Availability Mon-Fri 7:00AM-6:00PM
- Visitors should Show Identification
- Delivery hours of Mon-Fri 9:00AM-4:00PM
- Delivery to Loading Dock, Freight, Freight Elevator

The construction project completion date is estimated as February 2025.

The audiovisual project completion date is estimated as March 2025.

Expecting to occupy the space 1st week of March / April 2025

DESCRIPTION OF THE SYSTEMS & SPACES

The AV System Installation shall include the following space:

➢ Real Time Information Center (RTIC)
➢ 911 Dispatch Center
➢ EOC
➢ MDF - Equipment Room

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The primary function of th is room is for the analysts and selected staff members to monitor, manage and display situational awareness and real time crime events at the analysts workstations with overflow view on the new video wall system.

The video wall management system in this space will require a new a rray of seamless adjoining Direct View LED modules creating one canvas across the front of the room , a new controller system for the analysts to control their content viewing at their workstations or the video wall (permissions based), and a new KVM (keyboard, video, mouse) solution to combine multiple keyboards and mice with a singular keyboard and mouse.

Note: Consoles and related furniture, Rack, PC’s and content sources are Owner Furnished Equipment (OFE).

AV SYSTEM DESCRIPTION

The room is located on the 1st floor of the building in an enclosed room, approximately 17’ wide x 16’ long with concrete walls, concrete 10’ ceilings with 2x2 and 4x2 acoustic ceiling tiles.

No floor boxes, No raised flooring.

This space has no obstructive ambient light, no outer windows.

IMPLEMENTATION

WILDFIRE will perform the following "Tasks" for the implementation of the proposed custom full turnkey system solution.

A. VIDEO WALL MANAGEMENT SYSTEM

A. Barco Video Wall Direct View LED Display System.
a. Provide and Install (1) new 7x5 Barco TruePix-Q 0.9mm seamless displays. i. Location at front of room.
ii. Overall Dimensions = 14.01” W x 5.63” H
iii. Resolution = 4480 x 1800
b. Provide and Install (1) new Wall Manager Edge in customer’s rack. i. Analyst PC’s are to be located at the analyst workstation. c. Provide and install (1) new AMD Seismic rated freestanding mount structure with cladding. i. Seismic Engineering Stamp included.
d. Provide and install (1) new Video Wall Trim Kit around the edges. e. Note:
i. The City is responsible for removing the entrance / exit door nearest the video wall displays. f. Additional Information:
i. Data Runs = 10 x MM Fiber
i. 5 redundant / 5 required / 4 spare pairs
ii. Max Power Consumption (W) = 5,611 at 600nits
iii. BTU per Hour = 19125 at 600nits
iv. Remote PSU power requirements = 2 x 208v 20A
v. Remote PSU > Display DC Power runs = 10
vi. Weight excluding mount = 578 lbs.
vii. Unistrut requirements = 5 structs, length of struts 68.09” Real Time Information Center
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Not actual product, sample photo only. CPD structure will be standard black.

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B. RGB Spectrum Control Processing w/ KVM
a. Provide and install (1) new Zio User Interface with XtendPoint controller. i. The video wall controller will be configured and installed with RGB Spectrum Zio User Interface with XtendPoint controller system with KVM-over-IP backbone. i. System to run on 2 networks.
ii. GUI Control PC.
iii. XtendPoint Transmitters (RTIC, 911, EOC & MDF).
iv. XtendPoint Receivers (in MDF).
ii. 4 analyst positions – each analysts position is described below. i. 2 displays and 2 PC’s.
a. (1) OFE 49” PD network PC and (1) OFE 27” Video network. b. (2) OFE PC’s will control the (2) displays via a single keyboard and mouse (KVM).
c. Location of PC’s at the analyst positions.
d. Note: cost increases if OFE PC’s are to be located in rack room. iii. RTIC AUX Displays
i. Provide and install (2) new 65” wall mounted flat panel as AUX Displays to view the RTIC resources.
ii. Provide and run necessary cabling.
iv. EOC Existing Projection System
i. Connect and integrate (1) OFE ceiling mount Projector as AUX Display to view the RTIC resources.
ii. Provide and run necessary cabling.
v. 911 Dispatch AUX Displays
i. Provide and install (2) new Sharp NEC 65” wall mounted flat panel displays as AUX displays to view the RTIC resources.
ii. Provide and install (2) new Premier Mounts articulating wall mounts. iii. Location upper left and upper right corner of the wall with CPD artwork and logo mural.
iv. Provide and run necessary cabling.
vi. Note: Owner Furnished Equipment (OFE) includes.
i. Furniture, PC’s, content sources, and analysts desk top monitors.

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(EOC not included in below diagrams, but is included in overall system design)

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C. AUDIO & CONTROL
Audio
a. Audio for Cable TV
i. Provide and Install (1) new Biamp Audio Digital Signal Processor (DSP) in MDF. ii. Provide and Install (1) new Audio Amplifier in MDF. iii. Provide and Install (4) new ceiling speakers into 4x2 ceiling tiles. iv. Provide and install (1) new encoder (control) in MDF. v. Note:
i. Customer has requested laptop audio not be sent to the video wall management system.
ii. Customer has requested no Video Teleconference capability.

Control
b. Control for Cable TV
i. Provide and Install (1) new Crestron MC4, 4-Series Control Engine. ii. Provide and Run new IR cables from (2) cable boxes to MC4. iii. Provide and Install (1) new Crestron 10” Touch Panel TS-1070 to be located on the centered on the workstations.
i. Functionality:
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a. Application provided to mimic the functionality of the Touchscreen at each workstation.
i. Power on/off for video wall, volume up/down for cable boxes, source selection for (2) cable boxes.

D. MDF – EQUIPMENT ROOM
a. Use existing OFE rack.
b. Location 1st Floor.
c. Client to provide OFE UPS.
d. Power requirements to be provided upon contract award. e. Provide and Run Cables from MDF to RTIC, 911 Dispatch and EOC. i. Distance from RTIC room is approximately 115ft (center to center). ii. Cable Runs 165ft MDF to RTIC, 911 to be verified, and EOC to be verified (estimation included).
i. DC Power runs.
ii. Fiber runs.
iii. Cat 6 Cable runs.

Note: Wildfire will provide all cable runs necessary for a functional system.

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SECTION E. | SPECIALIZED PRODUCTS UNIQUE IDENTIFIERS

Barco Product:

TruePix 0.9 Q

• Made in Belgium
• Processing – Barco’s proprietary Infinipix processing offers unprecedented color accuracy, gray scale tracking, low light performance irrelevant of the brightness level of the display. It is important to be able to set the brightness of the display to a level that makes for comfortable viewing dependent on the environmental conditions. Barco’s Infinipix processes internally at 23bit; this enables image integrity with respect to color accuracy and greyscale to be maintained irrelevant of the brightness level of the display. Many other displays are unable to achieve this meaning that information within the content will be lost as the brightness is decreased. Infinipix also benefits from advanced scaling, low latency and ease of use via its web-based GUI. • Steady View – Many displays can cause eye fatigue after prolonged viewing which generally leads to headaches. This is caused due to the synchronous nature by which the content is scanned onto the DVLED panels. Barco`s Steady View randomizes this process thus preventing the eye from latching onto a repetitive sequence which prevents eye fatigue.
• Redundancy – Designed and built specifically for mission critical applications, TruePix offers many redundant features. “Four-Way Failover”, with most displays the signal from the processor is distributed serially from one LED module to the next. The downside of this is that if one module fails every module downstream from that one will lose signal, resulting in a large portion of the display turning black. Redundant processing is typically offered as a solution to this which feeds an identical signal into the other end of the chain. This works providing there is no more than one failure. With Barco`s “Four-Way Failover” every module can communicate with every other module around it. This provides for multiple signal paths, meaning that in the event of a failure the signal is automatically re-routed preventing any other modules from being affected by the one failure. In addition to this Barco`s Infinipix Processor allows for redundant connections between the processor and the display. This can also be taken one step further by adding redundant processors. • Power options – Barco offer both single and redundant onboard power. Remote power is also available allowing the power supplies to be rack mounted and low voltage cables to be utilized to the display. Remote power automatically provides redundancy by default. All power options are auto ranging allowing for supply voltages of 110V > 240V.
• Smart Mechanics – Shift Insertion and parallel motorized extraction. Shift insertion derisks the entire installation process. The installation of most LED displays requires the provision of onsite spares due to the high probability that damage will be incurred to LED modules as they are inserted into the display. It is worth noting that as LED display are manufactured to order, due to the requirement of batch matched LED`s; spares must be accounted for at the same time. This means that the number of spares is limited and therefore protecting those spares is critical to achieving the desired life expectancy of the display. Shift insertion allows for the placement of LED modules without any risk of damage being incurred due to the collision with an adjacent module. Different manufactures have utilized different methods by which a module can be removed from a display in the event of a failure. Most of these processes have a level of risk which can result in damage to adjacent modules. Barco’s proprietary parallel motorized extraction allows for easy and risk-free removal and insertion of a replacement module. This involves holding nothing else other than a magnet up to the surface of the module requiring removal. As such this is a process that can be carried out by the user vs the need for a service tech.
• Automatic Calibration – In the event that an LED module is replaced; the new module will automatically be calibrated without any user intervention to ensure the display stays perfectly uniform. 30 AGENDA ITEM NO. 3.

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• Seam performance – Due to the mechanical design and tight manufacturing tolerances, the seam performance between modules is exceptional. This contributes towards perfect visual performance across the entire display irrelevant of the viewing angle.
• Future Proof, TruePix is a platform meaning the frames are the same irrelevant of the specific module being used. Point being if at a later date there is need to increase resolution, it would just be a case of swapping the modules and adding to the front-end processing. No need to remove the frames or change most of the infrastructure supporting the display.
• Ease of use – As Barco provides a complete end to end solution and does not make use of third-party processors which inevitable have to support multiple manufacturers displays; we are able to offer a truly integrated, intuitive and simple to use web-based GUI (Graphical User Interface). This simplifies setup and operation of the display.
• 23 Bit Processing – Ensures perfect gray scale and color tracking irrelevant of display brightness. • Four-way inter-tile communication – Ensures that in the event of an LED module failure; only the effected panel will have no image.
• Four-corner motorized tile extraction – Ensures that a panel can be exchanged by the user easily, and with little to no risk of incurring any damage.
• Automatic Tile Calibration. – Ensures that no additional user intervention is required after replacing an LED module.
• 5G Fiber links between processor and LED tiles – Reduces the number of cables required between the processor and the display.
• Redundant links between processor and display – Provides for redundant/backup lines between the processor and the display.

RGB Spectrum Product:

XtendPoint powered by Zio Wall Processor with AV-over-IP and KVM-over IP

• Made in the USA and fully TAA and BAA compliant.
• With over 30 years of experience in command -and-control solutions, RGB Spectrum brings unparalleled expertise. The XtendPoint KVM -over-IP solution is designed to meet the rigorous demands of real -time operations, offering robust, reliable support for critical decision-making. • In mission-critical environments, like emergency communications centers and police command -and-control operations, relay of visual data and rapid assessment are crucial. • Integrating XtendPoint with the Zio AV -over-IP platform brings additional and unparalleled command -and control functionality. The combination enables seamless integration with video walls and other front of room displays, enhancing data management and collaboration.

ZIO:

The Zio Wall Processor is a complete video, audio, and control distribution and management system that replaces traditional dedicated switchers. Zio connects to a Gigabit Ethernet switch to provide seamless video and audio switching and distribution over a dedicated or shared IP network. Encoders (transmitters) accept the computer and video signals, Decoders (receivers) feed the individual displays, and the Zio Wall Processor feeds the video wall displays.

• Scalability: The Zio architecture supports systems in sizes ranging from a handful of devices to large configurations. Additional endpoints can be added easily as system requirements grow. • Seamless Switching: Zio offers nearly instantaneous switching, thereby overcoming one of the traditional limits of encoded video.
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• Reliability: The peer-to-peer Zio architecture avoids “single point of failure” vulnerability by providing multiple endpoints with automatic failover protection to ensure continuous operation for mission-critical applications. • Third-Party Control: Zio includes an API for control by third -party control systems. Scripting enables sophisticated interaction.
• Control: The Zio control interface provides administrators with advanced configuration, monitoring and management tools.
• Mobile App: Extends capabilities to a mobile workforce, providing real -time access to critical information anywhere. The app ensures that first responders and other field personnel can view and interact with live video feeds and essential data on the go, facilitating more effective collaboration. • Mobile Capability:
o Each Zio encoder can connect to 10 concurrent mobile devices (though hundreds can be indexed). o Zio Recording and Media Server can be used for relay functions to expand the number of concurrent sessions able to connect in real time to a given encoder’s stream. • Search: The Zio user interface includes search tools that make finding content quick and easy. • Web Access: Any number of users can control distribution of content and manage endpoints using HTML5 - compliant web browser.
• Fast, simple, setup: Automatic device discovery eases installation and system modifications. • Grouping: Zio endpoints can be assigned to groups to manage administrative functions and communications with other groups, thereby speeding up set-up and facilitating switching in complex environments.

XtendPoint:

Secure, centralized management of all networked XtendPoint endpoints is overseen through the XtendPoint Central Manager. XtendPoint is an easy-to-use software app for configuring, managing, and monitoring XtendPoint transmitter and receiver endpoints.
• XtendPoint users can create and manage password-protected user rights through XtendPoint Central Manager or use Microsoft Active Directory Services to manage user authorization. • XtendPoint system uses HTTPS —a secure communication protocol —to send control commands over the network, encrypting audio, video, and USB signals.
• XtendPoint Central Manager – Allows administrators to easily discover, configure and monitor XtendPoint endpoints on the network.
• XtendPoint Central Manager provides a system-level view of all connections between transmitter and receiver endpoints.
• Reduces clutter, heat, and noise, further enhancing the working environment and reducing operator fatigue by consolidating computers away from operators’ consoles. • Extend ultra-high resolution desktops up to 3840x2160 @60Hz. • Support dual -monitor and quad -monitor configurations with a single encoder (transmitter) and decoder (receiver) pair.
• Deliver pristine image quality, smooth video playback, and excellent keyboard and mouse responsiveness over a LAN or WAN with latency as low as 40ms.
• XtendPoint provides a scalable KVM matrix over IP, supporting one -to-one, one-to-many, many -to-one, or many-to-many configurations.
• Operators can view multiple desktops on a multi -display or multiview operator station and take control of a system by simply moving the mouse to the target desktop using KlickSimple™ cursor navigation.

KVM-over-IP: This solution revolutionizes these processes by streamlining workflows, improving ergonomics, and even facilitating multi-office and multi-agency collaboration. • IP distribution architecture allows seamless access to LAN or WAN networks using dedicated encoders and decoders, enabling real -time visual data sharing between operator consoles and IT closets, remote data 32 AGENDA ITEM NO. 3.

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sources, and across multiple locations, ensuring that operators, supervisors, and first responders have the information they need when they need it.
• Display and control up to eight video sources on just two large 4K multi-window displays with single keyboard and mouse control.
• Replace a cluttered, work environment containing multiple monitors and input devices with an ergonomically efficient workspace.

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ADDITIONAL CAPABILITIES AND EXPANSION

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SECTION F. | PRICE SUMMARY

A. Video Wall Management System
Full Turn-Key Solution (Design & Engineering, Equipment, Pre-Build & Test, Programming, Installation, Commissioning, and Logistics) TOTAL Equipment $405,087.72
Barco Displays 5 Years Essential Care Extended Warranty $45,446.40 RGB Controller 5 Years Extended Warranty $40,907.96
Professional Services & Labor $106,300.00
Shipping $10,550.00
Sales Tax 7.98% (on equipment only) $32,026.00
TOTAL $640,618.08

B. OPTIONS

OPTIONS TOTAL
Barco Displays Years 5 - 7 Essential Care Extended Warranty + $22,924 RGB Controller Years 5 - 7 Extended Warranty + $36,546
Wildfire 1 Year Enhanced On-Site Service Support +18,500

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SECTION G. | PROJECT NOTES
Owner Furnished Equipment (OFE):
• Owner furnished equipment or equipment by others that is integrated into the systems (as described above) is assumed to be current industry acceptable equipment in good working order. If it is determined that this equipment is faulty upon installation or adversely affects the system, additional project charges may be incurred. • Wildfire does not warrant either directly or indirectly the functionality or serviceability of any equipment not sold directly through Wildfire. Any estimates made that reference OFE are made with the client’s assurance that the equipment is functional and meets the standards as required by the entire system that is being implemented. • The client further warrants that any OFE will be available at the time of the implementation and understands that any delays in the availability of said equipment may result in significant delays in project completion and/or additional billable costs due t o trip charges, schedule changes or any other costs incurred by Wildfire resulting from the equipment not being available at the time of implementation. • Except as directly stated within the Scope of Work, Wildfire will not perform any work in the setup, maintenance or integration of OFE. Wildfire is not responsible for issues arising from the integration of Wildfire provided equipment with information systems such as security, software integration, data access or any other issue involving such integration unless specifically listed in the Scope of Work. • Any OFE AV equipment not used for the project that is uninstalled will be returned to the owner for disposal.

Wildfire On-Site General Rules:

Wildfire is committed to quality control of the system as specified in the contract. To keep your project on time and within budget, the client is restricted from approaching the on -site installation team with modification of scope or schedule requests. WILDFIRE on-site team is required to adhere to the scope of the contract and WILDFIRE quality control process prevents scope creep. Therefore, the on -site team does not have the authorization to modify the system specification or Scope of Work (SOW).

Any request regarding changes in scope or schedule must be discussed with project manager and approved by the project manager. Changes to the contracted SOW may require change orders developed and submitted by WILDFIRE sales and project management require client's signed approval.

Client is responsible for:
• Designating a key customer representative to act as a point of contact. This individual will coordinate the activities of internal customer departments and services required for successful completion of the project. • All permits and passes required for Wildfire personnel. • Temporary storage area for AV equipment and installation material (equipment, cables, connectors, etc.). • A designated trash area(s) for all packing material.
• Providing customer-furnished equipment as per Wildfire requirements for its integration. • Customer to provide any required power.
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• During onsite integration, the client will have a member of their IT department available. • The client warrants that any items listed in the Scope of Work that are to be provided by the client prior to the start of the project will be complete. Items such as electrical outlets, phone lines, data lines, building structure or any other items to be provided by the client are to be in place prior to work beginning on the project. Delays in the completion of these items may result in significant delays in project completion and/or additional billable costs due to trip charges, schedule changes or any other costs incurred by Wildfire resulting from the equipment not being available at the time of implementation.

Assumptions and Clarifications:
• Work does not begin until deposit is paid in full or agreed upon and alternative financial terms are in place. • This proposal assumes the use of non-union labor on site. • This proposal assumes non-prevailing wage labor on site. • Wildfire standard working hours shift starts anytime between 8:00am and 5:00pm for 9 hours shift with a 1-hour lunch. Any start time or overtime outside this window is subject to an hourly labor rate increase. • The installation schedule is based upon uninterrupted and consecutive daily installation during normal business hours.
• Wildfire will assign a Project Manager as a single point of contact during the life of this project. • Any delay or interruption in providing access to Wildfire personnel to the AV installation areas may impact the scheduled completion date and/or incur additional charges. • All shipping via ground unless otherwise specified in writing by the Customer. • Demolition and removal of facility infrastructure by others. • Drawings provided and are subject to change, but the room will be the size and dimensions required for displays and viewing angles.
• All AV systems circuits require independent neutral, ground, and isolated ground conductors of equal current carrying capacity per circuit, unless otherwise noted.
• Areas will require that all free-standing equipment racks will allow the 36” of unobstructed access from the front and rear of the racks.
• Any carpet and/or drywall work/repair/removal will be by others. • Should additional work be required that by its nature could not have been known or determined at the time this SOW was created, a written change order describing the additional work, and any related expenses will be required.

Exclusions:

The following work is not included in our Scope of Work. • All conduits, high voltage, wiring panels, breakers, relays, boxes, receptacles, etc. Any related electrical work, including but not limited to 110/220VAC, conduit, core drilling, raceway, and boxes. • Network connectivity, routing, switching and port configuration are necessary to support audio-visual equipment.
• Concrete saw cutting and/or core drilling.
• Fire wall, ceiling, roof and floor penetration, patching, removal, or fire stopping. 37 AGENDA ITEM NO. 3.

Wildfire Technology Integration Proposal No. WP-4308 V 1.2 Page 24 of 28

• Necessary gypsum board replacement and/or repair.
• Necessary T-bar modifications, replacements and/or repair. • Any and all millwork (moldings, trim, cut outs, etc..). All millwork or modifications to project millwork to accommodate the AV equipment is to be provided by others unless otherwise noted in this proposal. • Painting, patching, or finishing of architectural surfaces unless otherwise noted in this proposal. • Building permits (unless specifically provided for and identified within the contract). • HVAC and plumbing relocation
• Rough-in, bracing, framing, or finish trim carpentry for installation. • Cutting, structural welding, or reinforcement of structural steel members required for support of assemblies, if required.

Note:

Any applicable permits or bonds related to the project are not included unless requested by client.

Freight estimate for ground service is included.

38 AGENDA ITEM NO. 3.

Wildfire Technology Integration Proposal No. WP-4308 V 1.2 Page 25 of 28

SECTION H. | SYSTEM WARRANTY & ENHANCE SERVICE PLAN

WILDFIRE INITIAL WORKMANSHIP STANDARD WARRANTY

INCLUDED: Wildfire standard initial system workmanship warranty, warrants all provided equipment, to be free from all defects in material and workmanship under controlled, clean conditions of use and service, for a period of (1) One year after system acceptance.
• Source components from suppliers to Wildfire are subject to the OEM warranties and corrective actions as provided to Wildfire. Components, which by normal industry practices have a shorter or no warranty period, will take precedence over the stated warranty.
• All components subject to warranty conditions will be return to bench (RTB). Purchaser is responsible to obtain a Return Merchandise Authorization (RMA) number from Wildfire and prepay all return shipment to designated repair facility. Wildfire reserves the right to determine the best method to fulfilling the warranty requirement of a claim with regards to Wildfire proprietary components/systems. • Warranty service will primarily consist of telephone and email support. • Purchasers purchasing the Wildfire Enhanced Service Plan (if applicable) will be given preferential priority in telephone and e‐mail response.
• Enhanced service plan requests (if required) will generally be conducted within 48 hours and allowing for travel, but are not a standard warranty service, rather a purchased service. • Outside the initial warranty period, the purchaser is responsible for time, materials, travel and per diem except as covered in the Comprehensive Service Agreement (if any). • Inclusive of the Warranty Period, individual or discrete equipment and materials purchased under this Agreement shall be covered under the manufacturer's standard warranty and take precedence to any Wildfire warranty. • Wildfire hereby assigns all such warranties to Purchaser, and warrants it has the authority to assign such Warranties. • Wildfire's warranty excludes fixes for damages or defect caused by abuse, external causes outside the control of Wildfire including but not limited to man‐made, natural or force majeure, modifications not executed by Wildfire, improper or insufficient maintenance, improper operation, or normal wear and tear. • The customer may be required to do basic troubleshooting steps on the phone with a Wildfire Technician to determine if the issue can be corrected on the phone or if it is confirmed failure which requires Wildfire to dispatch a Technician to resolve the issue.
• If it is deemed that a product is indeed defective Wildfire will dispatch a technician to the installation site to correct the issue within 48 business hours from the time the product was deemed defective. (If a replacement product is needed, that requires a lead time, will be ordered, and shipped quickest way possible, which may delay the dispatch of the technician.)
• All work will occur during normal business hours of Monday-Friday 8:00am - 5:00pm with the exception of observed holidays.
• A full explanation of this service is available upon request.

This warranty shall be in addition to and not in limitation of any other warranty or remedy required by law or by the Agreement.

If the enhanced service plan is purchased, the entire system is covered by On-Site parts and labor warranty for all components within the purchased system with the exception of consumables items.

39 AGENDA ITEM NO. 3.

Wildfire Technology Integration Proposal No. WP-4308 V 1.2 Page 26 of 28

WILDFIRE ENHANCED SERVICES & SUPPORT

OPTIONAL: WILDFIRE ONE YEAR ENHANCED SERVICE PLAN

Summary of Contract Services – ENHANCED PLAN

1) ENHANCED priority service status with service support desk response, via email or phone call. - Open a ticket @ [email protected]
- Call 888-333-9127

2) 8:30 AM – 5 PM local time Monday through Friday Service Help Desk call support.

3) One (1) scheduled preventative maintenance visit annually.

4) Unlimited on-site service visits annually during Wildfire normal business hours.

5) 48-hour Monday through Friday response time to all on -site service visits. The on-site response time is within one business day after phone notification and diagnosis with Customer personnel before 5 PM local time. Holidays and weekends are not included in the 48-hour response time.

6) Same day emergency dispatch is not provided as part of this Agreement. However, Wildfire will make every attempt to respond to emergency outages if the problem is reported before 3 PM local time and a technician is available.

7) Product RMA assistance.

OPTION: $20,250

(Added as an option - not included in Video Wall Management System Pricing)

40 AGENDA ITEM NO. 3.

Wildfire Technology Integration Proposal No. WP-4308 V 1.2 Page 27 of 28

SECTION I. | TERMS AND CONDITIONS

1. Wildfire’s standard milestone-based payment terms are listed below:
i. 40% deposit due upon signed contract acceptance - Wildfire mobilizes internally – a project engineer is assigned, and design and drawings are scheduled; a project manager is assigned, and a complete project schedule is developed. Upon engineering approval and sign-off of the equipment, purchasing will order materials to arrive within the appropriate timeframe that ensures installation is taking place as scheduled. The project manager may make a site visit if necessary. The work to be performed under the terms of this agreement shall commence immediately upon receipt of the signed agreement and deposit. ii. 40% upon successful factory testing - All engineering has been completed; programming is in process; and all equipment has been purchased and has been delivered to the Wildfire or the end user. Assembly of racks begins; testing takes place and factory testing is performed; installation is now ready to take place on-site. iii. 10% due upon receipt of Substantial Completion – The system is functional, however there may be punch list items that need to be completed.
iv. 10% Upon final completion Due Net 30 Days upon acceptance and signoff – The system is functional; any punch list items have been taken care of; manuals – complete with warranty, guarantee and as-built drawings have been sent; and training is complete.
v. Any delinquent payments will bear interest at a rate of 1 .5% per month (or, if lower, the highest rate permitted by law).

2. This Proposal, Statement of Work and Scope of Work shall be accepted upon Buyer’s delivery of a Purchase Order and/or a signed, unrevised Statement of Work. Terms and conditions of sale as described in this proposal supersede all prior quotations, purchase orders and other prior communications between Buyer and Seller. Any change order to the proposal shall not be effective unless signed by both Buyer and Seller.

3. In the event of a conflict or variance between the terms and conditions herein and Buyer’s Purchase Order, the terms and conditions herein shall prevail.

4. CANCELLATION: Customer is subject to cancellation fees once this proposal has been fully executed and/or Wildfire is in receipt of a Purchase Order. Please notify Wildfire immediately if cancellation and or returns are necessary. Product order that is cancelled is subject to a minimum 15% restocking fee. Should the manufacturer charge more or not accept the product for return, then the customer will be charged additionally or in full. If a cancellation of a System installation occurs, then any labor and materials charges that have been incurred, will be invoiced to the customer. Design and consulting fees will be charged to the customer. Postponement of jobs by the customer is subject to storage and finance charges, should the materials have been ordered. Ge neral and Administrative fees may be charged to the customer as well.

5. COLLECTIONS: Client agrees to pay any and all attorney’s fees, collection fees, and expenses incurred to collect unpaid balances.

6. ESTIMATED DELIVERY: 12-24 weeks’ lead time is expected from receipt of PO to commissioning.

7. FREIGHT: Wildfire freight estimate is included and if necessary, add additional freight fees to the final invoice.

8. TAXES: Payment of all required taxes remains the responsibility of the Customer. Wildfire is authorized and obligated to collect sales tax, and shall do so unless the Customer furnishes a valid tax exemption certificate, or notifies us of their intention to direct pay.

9. TITLE: Title to the goods shall pass to Buyer only when Buyer has made full payment. Until title passes on receipt by Seller of full payment, Buyer shall have the right of repossession in the event of Buyer’s default of its payment obligations under this Proposal or should Buyer become insolvent or file for bankruptcy. Buyer or his agent shall have the right to enter onto Seller’s premises to repossess the goods. Buyer shall mark or otherwise segregate the goods from other goods. While Buyer has custody of the goods, Buyer shall be responsible for risk of loss and casualty insurance for the replacement value of the goods.

10. STANDARD WARRANTY: Wildfire warrants workmanship including cable and connectors for a period of (1) one year. Optional Service Plans are available at an additional charge. 41 AGENDA ITEM NO. 3.

Wildfire Technology Integration Proposal No. WP-4308 V 1.2 Page 28 of 28

11. DISPUTES: Any and all disputes arising out of this transaction shall be governed by the laws of New Jersey irrespective of the location of the services to be provided or goods delivered. All questions regarding the validity or interpretation of these sales documents and any dispute, controversy or claim of any nature arising from this transaction shall be subj ect to the exclusive jurisdiction of the Courts of Common Pleas of New Jersey and the parties consent to the jurisdiction of that court.

SECTION J. | ACKNOWLEDGEMENT AND ACCEPTANCE
On behalf of the entire Wildfire Team, we are honored to be considered for this project. We believe that with our years of experience and professional team, Wildfire is the right partner for you and your company. We welcome the opportunity to present our ideas and approach to you and your team in person and answer any questions you may have. We look forward to hearing from you.

Signature below or the issuance of a purchase order constitutes an agreement between City of Clovis Police Department and Wildfire Technology Integration, LLC to the terms and conditions listed herein.

Applicable state and local sales tax will be added at the time of purchase.

This proposal is valid for 35 days* from date of proposal. *Any manufacturer price increase during this time will require a change order for pricing adjustment.

OPTIONAL
Description Price Yes
Barco Displays Years 5 - 7 Extended Warranty + $22,924 RGB Controller Years 5 - 7 Extended Warranty + $36,546
Wildfire 1 Year Enhanced On-Site Service Support +18,500

OPTIONS SELECTED “YES” TO BE ADDED TO SYSTEM & INVOICE.

City of Clovis Police Department

Wildfire Technology Integration, LLC

Janine Zaffino
Printed Name

Printed Name

Customer Signature Authorized Signature

Title Title

Acceptance Date Date

42 AGENDA ITEM NO. 3.

TO: Mayor and City Council
FROM: Administration
DATE: December 9, 2024
SUBJECT: Consider various actions related to the November 5, 202 4, Clovis General Municipal Election for Clovis City Council and Measure Y (Sales Tax):
a. Consider Approval – Res. 2 4-___, Declaring the results of the November 5, 202 4, Clovis General Municipal Election for Clovis City Council and Measure Y.
b. Oath of Office: Councilmembers Ashbeck and Mouanoutoua Staff: Briana Parra, City Clerk
Recommendation: Approve
ATTACHMENTS: 1. Res. 24-___

RECOMMENDATION
For the City Council to approve Resolution 2 4-___, Declaring the results of the November 5, 2024, Clovis General Municipal Election for Clovis City Council and Measure Y.

EXECUTIVE SUMMARY
As previously requested by the City Council, the City of Clovis municipal election was consolidated with the statewide general election , and the Fresno County Clerk/Registrar of Voters conducted the consolidated election including the municipal election. The municipal election included the election of two City Council members and Measure Y, a proposed 1.0% increase to the Sales Tax. The of ficial canvass of ballots cast for the November 5, 202 4, Consolidated Statewide General Election , including the City’s municipal election, has been completed by the Fresno County Clerk/Registrar of Voters in accordance with applicable provisions of the California Elections Code.

Attached for Council's review is a copy of the Fresno County Clerk/Registrar of Voters Statement of Votes Cast certifying the results of the canvass, and the certification from the City Clerk as required by Elections Code Section 10262.
43 AGENDA ITEM NO. 4.

FISCAL IMPACT
None.

REASON FOR RECOMMENDATION
The Council is required by Elections Code Section 10263 to declare the results of the election before the new Councilmembers can be sworn into office.

ACTIONS FOLLOWING APPROVAL
After the resolution is approved, the City Clerk will administer the Oath of Office to the newly elected Councilmembers.

CONFLICT OF INTEREST
None.

Prepared by: Briana Parra, City Clerk

Reviewed by: City Manager JH
44 AGENDA ITEM NO. 4.

ATTACHMENT 1
RESOLUTION 24-___

RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CLOVIS DECLARING THE

RESULTS OF THE MUNICIPAL ELECTION HELD IN THE CITY OF CLOVIS ON NOVEMBER 5, 2024

WHEREAS, the City of Clovis municipal election was consolidated with the Statewide General Election held and conducted in the City of Clovis, on Tuesday, November 5, 2024, as required and prescribed by law, for the purpose of the voters electing two (2) members of the City Council for the term of four (4) years (December 2024 – November 2028) and for the voters to consider a proposed Measure Y, a proposed 1.0% increase to the Sales Tax; and

WHEREAS, it appears to the satisfaction of the City Council of the City of Clovis that notice of the holding of said election was duly and legally given for the time and in the manner prescribed by law, that the voting precincts were properly established, that the election officers were appointed and election supplies furnished, and that in all respects, said electi on was held and conducted, and the votes cast have been received and canvassed, and the returns thereof made and declared in the time, form, and manner as required by applicable provisions of the Elections Code of the State of California; and

WHEREAS, the Council of the City of Clovis met in the Council Chamber of the Clovis Civic Center, 1033 Fifth Street, in the City of Clovis on Monday, December 9, 2024, at the hour of 6:00 P.M., to examine the Statement of Votes Cast at said election as certified by the Fresno County Clerk/Registrar of Voters and provided to the City Clerk as the City’s election official, declare the results of said election, and install the newly elected officers in accordance with applicable provisions of the Elections Code of the State of California.

Said County Clerk/Registrar of Voters having canvassed said returns in the form and manner required by law, and having certified the results of the canvass of the election returns to the City Clerk, and the City Clerk having certified the results to the City Council as required by Elections Code Section 10262(b), and said results are received, attached, and made a part hereof as Attachment A, the Council finds that the whole number of votes cast, results, and all other matters required by law, to be as hereinafter stated.

NOW, THEREFORE, BE IT RESOLVED, by the City of Clovis, as follows:

SECTION 1: That said election was held and conducted in the City of Clovis on Tuesday, the 5th day of November 2024, in the time, form and manner required by law.

45 AGENDA ITEM NO. 4.

SECTION 2: That there was a total of 25 voting precincts, consisting of consolidations of the regular election precincts of the City of Clovis, established for the holding of state, county, and municipal elections.

SECTION 3: That the total number of ballots cast in said City at said election is 56,410, the names of the persons voted for and the whole number of votes received is as shown in Attachment A, and the results as shown in Attachment A are hereby approved.

SECTION 4: That at said elec tion, two persons, Lynne Ashbeck and Vong Mouanoutoua were elected Council Members for a term of four (4) years through November 2028.

SECTION 5: A Certificate of Election shall be executed and delivered to each person so elected. The City Clerk shall administer, to each person so elected Council Member, the oath of office prescribed in the State Constitution, and have each of them subscribe thereto, whereupon they shall be inducted into the respective offices to which they have been elected.

SECTION 6: The measure voted upon at said election was as follows:

MEASURE Y – CITY OF CLOVIS PUBLIC SAFETY/CITY SERVICES MEASURE:

“Shall the measure maintaining 9 -1-1 emergency medical/police/fire/paramedic response, fire protection, police patrols; keeping public areas safe/clean; retaining local small businesses/jobs; protecting local drinking water sources; accelerating repairs to streets/roads; addressing homelessness; maintaining youth, parks programs; and other general services, by establishing a 1¢ sales tax providing approximately $28,000,000 annually until ended by voters; requiring public spending disclosure, all funds spent locally, be adopted?”

SECTION 7: The number of votes given at each precinct, and the number of votes given in the City for and a gainst Measure Y are listed in the Statement attached as Attachment A.

SECTION 8: The City Council declares and determines that a majority of the voters voting on Measure Y did vote in favor of the measure, and that the measure was successful.

46 AGENDA ITEM NO. 4.

SECTION 9: In accordance with Elections Code section 10264, the City Clerk shall enter on to the records of the City of Clovis the Statement of the results of the election attached hereto as Attachment A, showing: (a) the whole number of votes cast in the City; (b) the measure voted upon; (c) the number of votes given at each precinct for and against the measure; and (d) the number of votes given in the City for and against the measure.

* * * * *

The foregoing resolution was introduced and adopted at a regular meeting of the City Council of the City of Clovis held on December 9, 2024, by the following vote, to wit.

AYES:

NOES:

ABSENT:

ABSTAIN:

DATED:

______________________________ ______________________________ Mayor City Clerk

47 AGENDA ITEM NO. 4.
48 AGENDA ITEM NO. 4.

Precinct
Registered
Voters
Voters Cast
% Turnout
County
Electionwide
0000131
Vote Center
0 0
N/A
Vote by Mail
0 0
N/A
Total
0 0
N/A
0000161
Vote Center
26 6

23.08%
Vote by Mail
26 13

50.00%
Total
26 19

73.08%
0000214
Vote Center
358
87 24.30%
Vote by Mail
358
299

83.52%
Total
358
386
107.82%
0000221
Vote Center
2,414
316

13.09%
Vote by Mail
2,414
1,562

64.71%
Total
2,414
1,878

77.80%
0000223
Vote Center
6,759
842

12.46%
Vote by Mail
6,759
4,356

64.45%
Total
6,759
5,198

76.90%
0000224
Vote Center
7,675
1,026

13.37%
Vote by Mail
7,675
4,762

62.05%
Total
7,675
5,788

75.41%
0000225
Vote Center
5,446
582

10.69%
Vote by Mail
5,446
3,602

66.14%
Total
5,446
4,184

76.83%

FRESNO COUNTY

CONSOLIDATED GENERAL ELECTION

NOVEMBER
5 ,
2024

STATEMENT OF VOTES
12/4/2024 1:51:52 PM
Page:
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20 50
AGENDA ITEM NO. 4.

Precinct
Registered
Voters
Voters Cast
% Turnout
0000226
Vote Center
5,601
755

13.48%
Vote by Mail
5,601
3,417

61.01%
Total
5,601
4,172

74.49%
0000227
Vote Center
4,522
597

13.20%
Vote by Mail
4,522
3,010

66.56%
Total
4,522
3,607

79.77%
0000228
Vote Center
5,109
729

14.27%
Vote by Mail
5,109
2,798

54.77%
Total
5,109
3,527

69.04%
0000229
Vote Center
4,278
537

12.55%
Vote by Mail
4,278
2,325

54.35%
Total
4,278
2,862

66.90%
0000230
Vote Center
2,693
354

13.15%
Vote by Mail
2,693
1,228

45.60%
Total
2,693
1,582

58.74%
0000232
Vote Center
159
20 12.58%
Vote by Mail
159
95 59.75%
Total
159
115

72.33%
0000250
Vote Center
1,489
227

15.25%
Vote by Mail
1,489
777

52.18%
Total
1,489
1,004

67.43%
0000251
Vote Center
8,621
1,079

12.52%
Vote by Mail
8,621
5,812

67.42%
Total
8,621
6,891

79.93%
0000252
Vote Center
2,358
326

13.83%
Vote by Mail
2,358
1,525

64.67%
Total
2,358
1,851

78.50%
12/4/2024 1:51:52 PM
Page:
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20 51
AGENDA ITEM NO. 4.

Precinct
Registered
Voters
Voters Cast
% Turnout
0000253
Vote Center
4,600
633

13.76%
Vote by Mail
4,600
2,868

62.35%
Total
4,600
3,501

76.11%
0000255
Vote Center
594
97 16.33%
Vote by Mail
594
395

66.50%
Total
594
492

82.83%
0000256
Vote Center
509
93 18.27%
Vote by Mail
509
314

61.69%
Total
509
407

79.96%
0000258
Vote Center
5,799
816

14.07%
Vote by Mail
5,799
3,846

66.32%
Total
5,799
4,662

80.39%
0000259
Vote Center
2,996
416

13.89%
Vote by Mail
2,996
1,893

63.18%
Total
2,996
2,309

77.07%
0000281
Vote Center
0 0
N/A
Vote by Mail
0 0
N/A
Total
0 0
N/A
0000302
Vote Center
2,038
291

14.28%
Vote by Mail
2,038
948

46.52%
Total
2,038
1,239

60.79%
0000304
Vote Center
1,166
174

14.92%
Vote by Mail
1,166
561

48.11%
Total
1,166
735

63.04%
0000316
Vote Center
0 1
N/A
Vote by Mail
0 0
N/A
Total
0 1
N/A
12/4/2024 1:51:52 PM
Page:
3 of
20 52
AGENDA ITEM NO. 4.

Precinct
Registered
Voters
Voters Cast
% Turnout
Electionwide
- Total
75,210
56,410

75.00%
County
- Total
75,210
56,410

75.00%
Vote Center
75,210
10,004

13.30%
Vote by Mail
75,210
46,406

61.70%
12/4/2024 1:51:52 PM
Page:
4 of
20 53
AGENDA ITEM NO. 4.

Clovis City Council

(Vote for 2)

**** - Insufficient Turnout to Protect Voter Privacy
Precinct
Times Cast
Registered
Voters
Undervotes
Overvotes
County
Electionwide
0000131
Vote Center
0 0
0 0
Vote by Mail
0 0
0 0
Total
0 0
0 0
0000161
Vote Center
6 26
****
****
Vote by Mail
13 26
16 0
Total
19 26
21 0
0000214
Vote Center
87 358
89 0
Vote by Mail
299
358
259
0 Total
386
358
348
0 0000221
Vote Center
316
2,414
300
0 Vote by Mail
1,562
2,414
1,400
0 Total
1,878
2,414
1,700
0 0000223
Vote Center
842
6,759
808
0 Vote by Mail
4,356
6,759
4,040
2 Total
5,198
6,759
4,848
2 0000224
Vote Center
1,026
7,675
1,006
0 Vote by Mail
4,762
7,675
4,401
0 Total
5,788
7,675
5,407
0 0000225
Vote Center
582
5,446
539
0 Vote by Mail
3,602
5,446
3,323
0 Total
4,184
5,446
3,862
0 Precinct
VONG

MOUANOUTOUA

LYNNE ASHBECK

County
Electionwide
0000131
Vote Center
0 0
Vote by Mail
0 0
Total
0 0
0000161
Vote Center
****
****
****
****
Vote by Mail
4 40.00%
6 60.00%
Total
6 35.29%
11 64.71%
0000214
Vote Center
46 54.12%
39 45.88%
Vote by Mail
169

49.85%
170

50.15%
Total
215

50.71%
209

49.29%
0000221
Vote Center
166

50.00%
166

50.00%
Vote by Mail
829

48.09%
895

51.91%
Total
995

48.39%
1,061

51.61%
0000223
Vote Center
452

51.60%
424

48.40%
Vote by Mail
2,188

46.85%
2,482

53.15%
Total
2,640

47.60%
2,906

52.40%
0000224
Vote Center
510

48.76%
536

51.24%
Vote by Mail
2,432

47.47%
2,691

52.53%
Total
2,942

47.69%
3,227

52.31%
0000225
Vote Center
272

43.52%
353

56.48%
Vote by Mail
1,740

44.83%
2,141

55.17%
Total
2,012

44.65%
2,494

55.35%
12/4/2024 1:51:52 PM
Page:
5 of
20 54
AGENDA ITEM NO. 4.

Precinct
Write-in

Total Votes
Unresolved
Write-In
County
Electionwide
0000131
Vote Center
0 0
0 Vote by Mail
0 0
0 Total
0 0
0 0000161
Vote Center
****
****
****
****
Vote by Mail
0 0.00%
10 0
Total
0 0.00%
17 0
0000214
Vote Center
0 0.00%
85 0
Vote by Mail
0 0.00%
339
0 Total
0 0.00%
424
0 0000221
Vote Center
0 0.00%
332
0 Vote by Mail
0 0.00%
1,724
0 Total
0 0.00%
2,056
0 0000223
Vote Center
0 0.00%
876
0 Vote by Mail
0 0.00%
4,670
0 Total
0 0.00%
5,546
0 0000224
Vote Center
0 0.00%
1,046
0 Vote by Mail
0 0.00%
5,123
0 Total
0 0.00%
6,169
0 0000225
Vote Center
0 0.00%
625
0 Vote by Mail
0 0.00%
3,881
0 Total
0 0.00%
4,506
0 12/4/2024 1:51:52 PM
Page:
6 of
20 55
AGENDA ITEM NO. 4.

Precinct
Times Cast
Registered
Voters
Undervotes
Overvotes
0000226
Vote Center
755
5,601
701
0 Vote by Mail
3,417
5,601
3,073
0 Total
4,172
5,601
3,774
0 0000227
Vote Center
597
4,522
604
0 Vote by Mail
3,010
4,522
2,654
0 Total
3,607
4,522
3,258
0 0000228
Vote Center
729
5,109
723
0 Vote by Mail
2,798
5,109
2,743
0 Total
3,527
5,109
3,466
0 0000229
Vote Center
537
4,278
558
0 Vote by Mail
2,325
4,278
2,282
0 Total
2,862
4,278
2,840
0 0000230
Vote Center
354
2,693
347
0 Vote by Mail
1,228
2,693
1,235
0 Total
1,582
2,693
1,582
0 0000232
Vote Center
20 159
16 0
Vote by Mail
95 159
77 0
Total
115
159
93 0
0000250
Vote Center
227
1,489
214
0 Vote by Mail
777
1,489
746
2 Total
1,004
1,489
960
2 0000251
Vote Center
1,079
8,621
1,076
0 Vote by Mail
5,812
8,621
5,282
0 Total
6,891
8,621
6,358
0 Precinct
VONG

MOUANOUTOUA

LYNNE ASHBECK

0000226
Vote Center
364

44.99%
445

55.01%
Vote by Mail
1,698

45.15%
2,063

54.85%
Total
2,062

45.12%
2,508

54.88%
0000227
Vote Center
263

44.58%
327

55.42%
Vote by Mail
1,492

44.33%
1,874

55.67%
Total
1,755

44.36%
2,201

55.64%
0000228
Vote Center
359

48.84%
376

51.16%
Vote by Mail
1,326

46.48%
1,527

53.52%
Total
1,685

46.96%
1,903

53.04%
0000229
Vote Center
250

48.45%
266

51.55%
Vote by Mail
1,077

45.48%
1,291

54.52%
Total
1,327

46.01%
1,557

53.99%
0000230
Vote Center
187

51.80%
174

48.20%
Vote by Mail
564

46.19%
657

53.81%
Total
751

47.47%
831

52.53%
0000232
Vote Center
13 54.17%
11 45.83%
Vote by Mail
59 52.21%
54 47.79%
Total
72 52.55%
65 47.45%
0000250
Vote Center
114

47.50%
126

52.50%
Vote by Mail
380

47.15%
426

52.85%
Total
494

47.23%
552

52.77%
0000251
Vote Center
500

46.21%
582

53.79%
Vote by Mail
2,849

44.92%
3,493

55.08%
Total
3,349

45.11%
4,075

54.89%
12/4/2024 1:51:52 PM
Page:
7 of
20 56
AGENDA ITEM NO. 4.

Precinct
Write-in

Total Votes
Unresolved
Write-In
0000226
Vote Center
0 0.00%
809
0 Vote by Mail
0 0.00%
3,761
0 Total
0 0.00%
4,570
0 0000227
Vote Center
0 0.00%
590
0 Vote by Mail
0 0.00%
3,366
0 Total
0 0.00%
3,956
0 0000228
Vote Center
0 0.00%
735
0 Vote by Mail
0 0.00%
2,853
0 Total
0 0.00%
3,588
0 0000229
Vote Center
0 0.00%
516
0 Vote by Mail
0 0.00%
2,368
0 Total
0 0.00%
2,884
0 0000230
Vote Center
0 0.00%
361
0 Vote by Mail
0 0.00%
1,221
0 Total
0 0.00%
1,582
0 0000232
Vote Center
0 0.00%
24 0
Vote by Mail
0 0.00%
113
0 Total
0 0.00%
137
0 0000250
Vote Center
0 0.00%
240
0 Vote by Mail
0 0.00%
806
0 Total
0 0.00%
1,046
0 0000251
Vote Center
0 0.00%
1,082
0 Vote by Mail
0 0.00%
6,342
0 Total
0 0.00%
7,424
0 12/4/2024 1:51:52 PM
Page:
8 of
20 57
AGENDA ITEM NO. 4.

Precinct
Times Cast
Registered
Voters
Undervotes
Overvotes
0000252
Vote Center
326
2,358
315
0 Vote by Mail
1,525
2,358
1,352
2 Total
1,851
2,358
1,667
2 0000253
Vote Center
633
4,600
612
0 Vote by Mail
2,868
4,600
2,592
2 Total
3,501
4,600
3,204
2 0000255
Vote Center
97 594
105
0 Vote by Mail
395
594
363
0 Total
492
594
468
0 0000256
Vote Center
93 509
88 0
Vote by Mail
314
509
313
0 Total
407
509
401
0 0000258
Vote Center
816
5,799
802
0 Vote by Mail
3,846
5,799
3,521
0 Total
4,662
5,799
4,323
0 0000259
Vote Center
416
2,996
445
0 Vote by Mail
1,893
2,996
1,777
0 Total
2,309
2,996
2,222
0 0000281
Vote Center
0 0
0 0
Vote by Mail
0 0
0 0
Total
0 0
0 0
0000302
Vote Center
291
2,038
298
0 Vote by Mail
948
2,038
941
0 Total
1,239
2,038
1,239
0 Precinct
VONG

MOUANOUTOUA

LYNNE ASHBECK

0000252
Vote Center
161

47.77%
176

52.23%
Vote by Mail
773

45.58%
923

54.42%
Total
934

45.94%
1,099

54.06%
0000253
Vote Center
282

43.12%
372

56.88%
Vote by Mail
1,441

45.86%
1,701

54.14%
Total
1,723

45.39%
2,073

54.61%
0000255
Vote Center
36 40.45%
53 59.55%
Vote by Mail
166

38.88%
261

61.12%
Total
202

39.15%
314

60.85%
0000256
Vote Center
47 47.96%
51 52.04%
Vote by Mail
134

42.54%
181

57.46%
Total
181

43.83%
232

56.17%
0000258
Vote Center
366

44.10%
464

55.90%
Vote by Mail
1,797

43.08%
2,374

56.92%
Total
2,163

43.25%
2,838

56.75%
0000259
Vote Center
185

47.80%
202

52.20%
Vote by Mail
895

44.55%
1,114

55.45%
Total
1,080

45.08%
1,316

54.92%
0000281
Vote Center
0 0
Vote by Mail
0 0
Total
0 0
0000302
Vote Center
139

48.94%
145

51.06%
Vote by Mail
460

48.17%
495

51.83%
Total
599

48.35%
640

51.65%
12/4/2024 1:51:52 PM
Page:
9 of
20 58
AGENDA ITEM NO. 4.

Precinct
Write-in

Total Votes
Unresolved
Write-In
0000252
Vote Center
0 0.00%
337
0 Vote by Mail
0 0.00%
1,696
0 Total
0 0.00%
2,033
0 0000253
Vote Center
0 0.00%
654
0 Vote by Mail
0 0.00%
3,142
0 Total
0 0.00%
3,796
0 0000255
Vote Center
0 0.00%
89 0
Vote by Mail
0 0.00%
427
0 Total
0 0.00%
516
0 0000256
Vote Center
0 0.00%
98 0
Vote by Mail
0 0.00%
315
0 Total
0 0.00%
413
0 0000258
Vote Center
0 0.00%
830
0 Vote by Mail
0 0.00%
4,171
0 Total
0 0.00%
5,001
0 0000259
Vote Center
0 0.00%
387
0 Vote by Mail
0 0.00%
2,009
0 Total
0 0.00%
2,396
0 0000281
Vote Center
0 0
0 Vote by Mail
0 0
0 Total
0 0
0 0000302
Vote Center
0 0.00%
284
0 Vote by Mail
0 0.00%
955
0 Total
0 0.00%
1,239
0 12/4/2024 1:51:52 PM
Page:
10 of
20 59
AGENDA ITEM NO. 4.

Precinct
Times Cast
Registered
Voters
Undervotes
Overvotes
0000304
Vote Center
174
1,166
196
0 Vote by Mail
561
1,166
552
0 Total
735
1,166
748
0 0000316
Vote Center
1 0
****
****
Vote by Mail
0 0
0 0
Total
1 0
****
****
Electionwide
- Total
56,410
75,210
52,791
8 County
- Total
56,410
75,210
52,791
8 Precinct
VONG

MOUANOUTOUA

LYNNE ASHBECK

0000304
Vote Center
73 48.03%
79 51.97%
Vote by Mail
264

46.32%
306

53.68%
Total
337

46.68%
385

53.32%
0000316
Vote Center
****
****
****
****
Vote by Mail
0 0
Total
****
****
****
****
Electionwide
- Total
27,524

45.86%
32,497

54.14%
County
- Total
27,524

45.86%
32,497

54.14%
12/4/2024 1:51:52 PM
Page:
11 of
20 60
AGENDA ITEM NO. 4.

Precinct
Write-in

Total Votes
Unresolved
Write-In
0000304
Vote Center
0 0.00%
152
0 Vote by Mail
0 0.00%
570
0 Total
0 0.00%
722
0 0000316
Vote Center
****
****
****
****
Vote by Mail
0 0
0 Total
****
****
****
****
Electionwide
- Total
0 0.00%
60,021
0 County
- Total
0 0.00%
60,021
0 12/4/2024 1:51:52 PM
Page:
12 of
20 61
AGENDA ITEM NO. 4.

Y. City of Clovis Sales and Use Tax Measure (50% +1 to pass)

(Vote for 1)

**** - Insufficient Turnout to Protect Voter Privacy
Precinct
Times Cast
Registered
Voters
Undervotes
Overvotes
County
Electionwide
0000131
Vote Center
0 0
0 0
Vote by Mail
0 0
0 0
Total
0 0
0 0
0000161
Vote Center
6 26
****
****
Vote by Mail
13 26
2 0
Total
19 26
2 0
0000214
Vote Center
87 358
7 0
Vote by Mail
299
358
11 0
Total
386
358
18 0
0000221
Vote Center
316
2,414
18 0
Vote by Mail
1,562
2,414
63 1
Total
1,878
2,414
81 1
0000223
Vote Center
842
6,759
62 0
Vote by Mail
4,356
6,759
207
0 Total
5,198
6,759
269
0 0000224
Vote Center
1,026
7,675
77 0
Vote by Mail
4,762
7,675
243
0 Total
5,788
7,675
320
0 0000225
Vote Center
582
5,446
31 0
Vote by Mail
3,602
5,446
160
0 Total
4,184
5,446
191
0 Precinct
YES

Total Votes
County
Electionwide
0000131
Vote Center
0 0
0 Vote by Mail
0 0
0 Total
0 0
0 0000161
Vote Center
****
****
****
****
****
Vote by Mail
10 90.91%
1 9.09%
11 Total
11 64.71%
6 35.29%
17 0000214
Vote Center
61 76.25%
19 23.75%
80 Vote by Mail
180

62.50%
108

37.50%
288
Total
241

65.49%
127

34.51%
368
0000221
Vote Center
192

64.43%
106

35.57%
298
Vote by Mail
1,035

69.09%
463

30.91%
1,498
Total
1,227

68.32%
569

31.68%
1,796
0000223
Vote Center
482

61.79%
298

38.21%
780
Vote by Mail
2,786

67.15%
1,363

32.85%
4,149
Total
3,268

66.30%
1,661

33.70%
4,929
0000224
Vote Center
656

69.13%
293

30.87%
949
Vote by Mail
3,064

67.80%
1,455

32.20%
4,519
Total
3,720

68.03%
1,748

31.97%
5,468
0000225
Vote Center
349

63.34%
202

36.66%
551
Vote by Mail
2,307

67.02%
1,135

32.98%
3,442
Total
2,656

66.52%
1,337

33.48%
3,993
12/4/2024 1:51:52 PM
Page:
13 of
20 62
AGENDA ITEM NO. 4.

Precinct
Unresolved
Write-In
County
Electionwide
0000131
Vote Center
0 Vote by Mail
0 Total
0 0000161
Vote Center
****
Vote by Mail
0 Total
0 0000214
Vote Center
0 Vote by Mail
0 Total
0 0000221
Vote Center
0 Vote by Mail
0 Total
0 0000223
Vote Center
0 Vote by Mail
0 Total
0 0000224
Vote Center
0 Vote by Mail
0 Total
0 0000225
Vote Center
0 Vote by Mail
0 Total
0 12/4/2024 1:51:52 PM
Page:
14 of
20 63
AGENDA ITEM NO. 4.

Precinct
Times Cast
Registered
Voters
Undervotes
Overvotes
0000226
Vote Center
755
5,601
41 0
Vote by Mail
3,417
5,601
171
0 Total
4,172
5,601
212
0 0000227
Vote Center
597
4,522
46 0
Vote by Mail
3,010
4,522
154
0 Total
3,607
4,522
200
0 0000228
Vote Center
729
5,109
52 0
Vote by Mail
2,798
5,109
160
0 Total
3,527
5,109
212
0 0000229
Vote Center
537
4,278
52 0
Vote by Mail
2,325
4,278
152
0 Total
2,862
4,278
204
0 0000230
Vote Center
354
2,693
29 0
Vote by Mail
1,228
2,693
58 0
Total
1,582
2,693
87 0
0000232
Vote Center
20 159
1 0
Vote by Mail
95 159
3 0
Total
115
159
4 0
0000250
Vote Center
227
1,489
14 0
Vote by Mail
777
1,489
36 0
Total
1,004
1,489
50 0
0000251
Vote Center
1,079
8,621
80 0
Vote by Mail
5,812
8,621
274
0 Total
6,891
8,621
354
0 Precinct
YES

Total Votes
0000226
Vote Center
482

67.51%
232

32.49%
714
Vote by Mail
2,179

67.13%
1,067

32.87%
3,246
Total
2,661

67.20%
1,299

32.80%
3,960
0000227
Vote Center
336

60.98%
215

39.02%
551
Vote by Mail
1,844

64.57%
1,012

35.43%
2,856
Total
2,180

63.99%
1,227

36.01%
3,407
0000228
Vote Center
446

65.88%
231

34.12%
677
Vote by Mail
1,830

69.37%
808

30.63%
2,638
Total
2,276

68.66%
1,039

31.34%
3,315
0000229
Vote Center
352

72.58%
133

27.42%
485
Vote by Mail
1,517

69.81%
656

30.19%
2,173
Total
1,869

70.32%
789

29.68%
2,658
0000230
Vote Center
235

72.31%
90 27.69%
325
Vote by Mail
838

71.62%
332

28.38%
1,170
Total
1,073

71.77%
422

28.23%
1,495
0000232
Vote Center
10 52.63%
9 47.37%
19 Vote by Mail
69 75.00%
23 25.00%
92 Total
79 71.17%
32 28.83%
111
0000250
Vote Center
145

68.08%
68 31.92%
213
Vote by Mail
506

68.29%
235

31.71%
741
Total
651

68.24%
303

31.76%
954
0000251
Vote Center
620

62.06%
379

37.94%
999
Vote by Mail
3,594

64.90%
1,944

35.10%
5,538
Total
4,214

64.46%
2,323

35.54%
6,537
12/4/2024 1:51:52 PM
Page:
15 of
20 64
AGENDA ITEM NO. 4.

Precinct
Unresolved
Write-In
0000226
Vote Center
0 Vote by Mail
0 Total
0 0000227
Vote Center
0 Vote by Mail
0 Total
0 0000228
Vote Center
0 Vote by Mail
0 Total
0 0000229
Vote Center
0 Vote by Mail
0 Total
0 0000230
Vote Center
0 Vote by Mail
0 Total
0 0000232
Vote Center
0 Vote by Mail
0 Total
0 0000250
Vote Center
0 Vote by Mail
0 Total
0 0000251
Vote Center
0 Vote by Mail
0 Total
0 12/4/2024 1:51:52 PM
Page:
16 of
20 65
AGENDA ITEM NO. 4.

Precinct
Times Cast
Registered
Voters
Undervotes
Overvotes
0000252
Vote Center
326
2,358
23 0
Vote by Mail
1,525
2,358
68 0
Total
1,851
2,358
91 0
0000253
Vote Center
633
4,600
43 0
Vote by Mail
2,868
4,600
149
0 Total
3,501
4,600
192
0 0000255
Vote Center
97 594
10 0
Vote by Mail
395
594
16 0
Total
492
594
26 0
0000256
Vote Center
93 509
11 0
Vote by Mail
314
509
23 0
Total
407
509
34 0
0000258
Vote Center
816
5,799
61 0
Vote by Mail
3,846
5,799
179
0 Total
4,662
5,799
240
0 0000259
Vote Center
416
2,996
38 0
Vote by Mail
1,893
2,996
123
0 Total
2,309
2,996
161
0 0000281
Vote Center
0 0
0 0
Vote by Mail
0 0
0 0
Total
0 0
0 0
0000302
Vote Center
291
2,038
27 0
Vote by Mail
948
2,038
52 0
Total
1,239
2,038
79 0
Precinct
YES

Total Votes
0000252
Vote Center
208

68.65%
95 31.35%
303
Vote by Mail
963

66.09%
494

33.91%
1,457
Total
1,171

66.53%
589

33.47%
1,760
0000253
Vote Center
375

63.56%
215

36.44%
590
Vote by Mail
1,815

66.75%
904

33.25%
2,719
Total
2,190

66.18%
1,119

33.82%
3,309
0000255
Vote Center
71 81.61%
16 18.39%
87 Vote by Mail
242

63.85%
137

36.15%
379
Total
313

67.17%
153

32.83%
466
0000256
Vote Center
62 75.61%
20 24.39%
82 Vote by Mail
186

63.92%
105

36.08%
291
Total
248

66.49%
125

33.51%
373
0000258
Vote Center
496

65.70%
259

34.30%
755
Vote by Mail
2,457

67.00%
1,210

33.00%
3,667
Total
2,953

66.78%
1,469

33.22%
4,422
0000259
Vote Center
234

61.90%
144

38.10%
378
Vote by Mail
1,169

66.05%
601

33.95%
1,770
Total
1,403

65.32%
745

34.68%
2,148
0000281
Vote Center
0 0
0 Vote by Mail
0 0
0 Total
0 0
0 0000302
Vote Center
197

74.62%
67 25.38%
264
Vote by Mail
634

70.76%
262

29.24%
896
Total
831

71.64%
329

28.36%
1,160
12/4/2024 1:51:52 PM
Page:
17 of
20 66
AGENDA ITEM NO. 4.

Precinct
Unresolved
Write-In
0000252
Vote Center
0 Vote by Mail
0 Total
0 0000253
Vote Center
0 Vote by Mail
0 Total
0 0000255
Vote Center
0 Vote by Mail
0 Total
0 0000256
Vote Center
0 Vote by Mail
0 Total
0 0000258
Vote Center
0 Vote by Mail
0 Total
0 0000259
Vote Center
0 Vote by Mail
0 Total
0 0000281
Vote Center
0 Vote by Mail
0 Total
0 0000302
Vote Center
0 Vote by Mail
0 Total
0 12/4/2024 1:51:52 PM
Page:
18 of
20 67
AGENDA ITEM NO. 4.

Precinct
Times Cast
Registered
Voters
Undervotes
Overvotes
0000304
Vote Center
174
1,166
23 0
Vote by Mail
561
1,166
35 0
Total
735
1,166
58 0
0000316
Vote Center
1 0
****
****
Vote by Mail
0 0
0 0
Total
1 0
****
****
Electionwide
- Total
56,410
75,210
3,085
1 County
- Total
56,410
75,210
3,085
1 Precinct
YES

Total Votes
0000304
Vote Center
104

68.87%
47 31.13%
151
Vote by Mail
346

65.78%
180

34.22%
526
Total
450

66.47%
227

33.53%
677
0000316
Vote Center
****
****
****
****
****
Vote by Mail
0 0
0 Total
****
****
****
****
****
Electionwide
- Total
35,686

66.92%
17,638

33.08%
53,324
County
- Total
35,686

66.92%
17,638

33.08%
53,324
12/4/2024 1:51:52 PM
Page:
19 of
20 68
AGENDA ITEM NO. 4.

Precinct
Unresolved
Write-In
0000304
Vote Center
0 Vote by Mail
0 Total
0 0000316
Vote Center
****
Vote by Mail
0 Total
****
Electionwide
- Total
0 County
- Total
0 12/4/2024 1:51:52 PM
Page:
20 of
20 69
AGENDA ITEM NO. 4.
70 AGENDA ITEM NO. 4.
71 AGENDA ITEM NO. 4.

TO: Mayor and City Council
FROM: Administration
DATE: December 9, 2024
SUBJECT: Workshop to begin discussion of how city growth impacts county roads and joint efforts to improve safety.

Staff: Councilmember Ashbeck
Recommendation: Provide Direction

ATTACHMENTS: None.

RECOMMENDATION
Begin discussion of how Clovis's growth impacts county roads and joint efforts to improve safety.

The joint workshop will be introduced by Mayor Lynne Ashbeck and Board of Supervisors Nathan Magsig.

City Engineer Thad Avery, Fresno County Public Works and Planning Director Steve White and CUSD Assistant Superintendent Denver Stairs will give a verbal presentation on this item.

City of Clovis
o Introduction
 History of issues in the vicinity
o Planning & Development Services
 Development projects currently approved
 Estimated timing of projects within the next 5 years
 Additional grants and programs to aid with improvements o Public Outreach and Safety

72 AGENDA ITEM NO. 6.

Fresno County
o Public Works and Planning
 “Safe Streets for All” Grant
 Other programs for improving roadways
o Public Outreach and Safety
Clovis Unified School District – Denver Stairs
o Boundaries
o Routes
Plan going forward

Prepared by: John Holt, City Manager

Reviewed by: City Manager JH
73 AGENDA ITEM NO. 6.

TO: Mayor and City Council
FROM: Finance Department
DATE: December 9, 2024
SUBJECT: Consider Approval - 2023-24 Annual Comprehensive Financial Report.

Staff: Jay Schengel, Finance Director
Recommendation: Approve

ATTACHMENTS: 1. 2023-24 Annual Comprehensive Financial Report (ACFR)

2. Statement on Auditing Standards Letter

RECOMMENDATION
For the Council to approve the 2023-24 Annual Comprehensive Financial Report.

EXECUTIVE SUMMARY
Annual Comprehensive Financial Reports (ACFR) are a primary objective source of information to most persons concerned about a government's financial condition. Taxpayers are interested in the amount of revenues and expenditures. Investors and bond-rating agencies are interested in the ability of a jurisdiction to meet its debt obligations. For the City Council, the financial reports provide an opportunity to determine compliance with budgetary appropriations as well as the status of the government's assets and liabilities and the financial condition of the City.

The City of Clovis' 2023 -24 ACFR was audited and received an unqualified opinion from The Pun Group, LLP, a firm of independent, licensed certified public accountants, which means the financial statements for the fiscal year ending June 30, 2024, are free of material misstatement and are fairly presented in conformity with Generally Accepted Accounting Principles (GAAP).

BACKGROUND
The 2023-24 ACFR represents the City’s financial, operational, and current economic condition for the fiscal year ending June 30, 2024. The City’s financial statements for this period have been audited by The PUN Group, Certified Public Accountants, the City’s independent auditing firm. Their Independent Auditors Report has been incorporated into the ACFR and their opinion letter is included on pages 13 - 15. The auditors have also prepared the Statement on Auditing Standards (SAS114) letter (Attachment 2) that was submitted subsequent to the completion of the financial report.
74 AGENDA ITEM NO. 7.

State law requires the City of Clovis to prepare a complete set of audited financial statements.

The attached 2023-24 ACFR fulfills this requirement.

The PUN Group has audited the City’s financial statements prepared by finance staff for the fiscal year ended June 30, 2024, and have provided an unqualified (clean) opinion. An unqualified opinion concludes that the ACFR presents fairly, in all material respects, the respective financial position of the governmental activi ties, the business -type activities, each major fund, and the aggregate remaining fund information of the City, and the respective changes in financial position. This audit includes a review of the City’s financial records, internal controls, management of assets and review of major account balances and large dollar activities to validate year-end balances. There were no audit findings for fiscal year 2023-24.

The ACFR is prepared annually in accordance with GAAP and reporting standards established by the Governmental Accounting Standards Board (GASB), as verified during the independent auditor’s examination. The June 30, 2024, ACFR continues to comply with the GASB reporting standards.

The financial statement information and audit opinion, as well as addi tional narrative and statistical information, is presented within the ACFR. The layout of the ACFR follows guidelines established by the Government Finance Officers Association (GFOA). Four major sections are presented:

 Introductory Section – This section includes the Letter of Transmittal, which discusses the profile of the City and factors affecting the City’s financial condition along with the City’s long -term policies and plans. Additionally, this section includes the GFOA Certificate of Achievement f or Excellence in Financial Reporting for the prior fiscal year, the City’s Organizational Chart, and a listing of the City of Clovis’ principal officials.

 Financial Section – This section includes the Independent Auditor’s Report, Management’s Discussion and Analysis, the audited financial statements, the notes to the financial statements and additional required supplementary information.

 Statistical Section – This section includes supplemental data not evident in the Financial Section, such as financial trend information and demographic information.

 Single Audit Section – This compliance-based audit is required by law for government entities with federal expenditures in excess of $750,000. This audit includes an audit of both the financial statements a nd the federal awards. This section includes the Independent Auditor’s Report on internal controls and compliance for each major program along with the Schedule of Expenditures of Federal Awards and notes to those expenditures. Finally, the Appropriations Limit Schedule and corresponding notes complete the section.

75 AGENDA ITEM NO. 7.

Two Kinds of Financial Statements - Two distinct forms of information are provided in the basic financial statements:

Government-wide statements. These are consolidated financial statements for all of a city’s operations on a full accrual basis of accounting. They are not presented on a fund basis; instead, fiscal operations are organized into two major activities: governmental and business-type. They will have a “net position” focus and exclude interfund transactions (such as internal service funds) and fiduciary funds. Expenses (which may include allocated “indirect costs”) are shown both gross and net of related revenues such as fees and grants (see page 31).

Fund statements. In meeting stewardship and accountability concerns, financial statements are also presented on a fund basis - but not using the same basis of accounting as the government- wide statements for governmental funds (see pages 32-43).

Because there are differences in the basis of accounting and scope of transactions, there are significant differences between these two financial statements - but they are not obvious. For this reason, a detailed reconciliation between them is required as part of the audited basic financial statements (see page 34).

The ACFR includes all funds of the City. In addition to the City's funds, the Clovis Successor Agency, a private purpose trust fund separate from the City, is reported in the ACFR.

This is the thirty -sixth year that the City's Finance Department has prepared the Annual Comprehensive Financial Report. The previous reports prepared by the Finance Department (1987-88 through 202 2-23) were submitted to the Government Finance Offi cers Association (GFOA) for consideration of the GFOA Certificate of Achievement Program. The City subsequently received the Certificate of Achievement for Excellence in Financial Reporting presented by the GFOA for each of these years. We believe the re port for 2023-24 continues to meet the requirements of the Certificate of Achievement Program and will be submitted to GFOA for review.

FISCAL IMPACT
This information provided in the ACFR is important to the Council, public, and financial institutions to affirm that the City's financial activity is accounted for in accordance with GAAP.

In addition, the ACFR includes all necessary disclosures to provide an understanding of the City's financial activities and fiscal condition.

REASON FOR RECOMMENDATION
The Annual Comprehensive Financial Report is formally being submitted to the Council.

ACTIONS FOLLOWING APPROVAL
After receipt by the Council, the ACFR will be distributed to interested parties, other agencies, financial institutions, bond-rating services, and copies will be made available for public review.

In addition, the ACFR will be submitted to the GFOA for consideration of the GFOA Certificate of Achievement Program.

76 AGENDA ITEM NO. 7.

CONFLICT OF INTEREST
None.

Prepared by: Gina Daniels, Assistant Finance Director

Reviewed by: City Manager JH
77 AGENDA ITEM NO. 7.

CITY OF

C L O V I S

CALIFORNIA
Annual
Comprehensive
Financial
Report
For the Fiscal Year ended
June 30, 2024
Attachment 1
78 AGENDA ITEM NO. 7.
79 AGENDA ITEM NO. 7.

ANNUAL COMPREHENSIVE

FINANCIAL REPORT

FOR THE FISCAL YEAR ENDED
JUNE 30, 2024

LYNNE ASHBECK, MAYOR

VONG MOUANOUTOUA, MAYOR PRO-TEM

DREW BESSINGER, COUNCILMEMBER

MATT BASGALL, COUNCILMEMBER

DIANE PEARCE, COUNCILMEMBER

JOHN HOLT, CITY MANAGER

CITY OF CLOVIS

CALIFORNIA
Prepared by City of Clovis Finance Department
Jay Schengel, Finance Director
80 AGENDA ITEM NO. 7.
81 AGENDA ITEM NO. 7.

CITY OF CLOVIS

TABLE OF CONTENTS
FOR THE FISCAL YEAR ENDED JUNE 30, 2024
Page

INTRODUCTORY SECTION (Unaudited)
Letter of Transmittal .............................................................................................................................................. 3 GFOA Certificate of Achievement ......................................................................................................................... 8 Organizational Chart ......................................................................................................... .................................... 9 List of Principal Officials ...................................................................................................................................... 10

FINANCIAL SECTION
Independent Auditors’ Report ................................................................................................. ............................ 13 Management’s Discussion and Analysis (Required Supplementary Information) (Unaudited) ........................... 16 Basic Financial Statements:

Government-wide Financial Statements:

Statement of Net Position................................................................................................... ...................... 30 Statement of Activities .................................................................................................... .......................... 31 Fund Financial Statements:

Balance Sheet-Governmental Funds ........................................................................................... ............ 32 Statement of Revenues, Expenditures and Changes in Fund Balances-Governmental Funds ............... 33 Reconciliation of the Statement of Revenues, Expenditures, and Changes In Fund Balance of Governmental Funds to the Statement of Activities ............................................ 34 Statement of Revenues, Expenditures and Changes in Fund Balance-Budget and Actual:

General
Fund ...................................................................................................................................... 35 Statement of Net Position-Proprietary Funds ........................................................................................... 36 Statement of Revenues, Expenses and Changes in Net Position-Proprietary Funds.............................. 38 Statement of Cash Flows-Proprietary Funds ........................................................................................... 40 Statement of Fiduciary Net Position-Fiduciary Funds .............................................................................. 42 Statement of Changes in Fiduciary Net Position ...................................................................................... 43 Notes to Financial Statements ......................................................................................................................... 44 Required Supplementary Information (Unaudited):

Schedule of Changes in Net Pension Liability and Related Ratios ............................................................... 84 Schedule of Pension Contributions ................................................................................................................ 88 Combining and Individual Fund Statements and Schedules:

Combining Balance Sheet-Nonmajor Governmental Funds .......................................................................... 92 Combining Statement of Revenues, Expenditures and
Changes in Fund Balances-Nonmajor Governmental Funds ........................................................................ 94 Schedules of Revenues, Expenditures and Changes in
Fund Balance-Budget and Actual:

Local
Transportation Capital Projects Fund ........................................................................................ 96 Off
Highway Use Special Revenue Fund ........................................................................................... 97 Housing & Community Development Special Revenue Fund ............................................................ 98 Community Facilities District 2020-1 Special Revenue Fund ............................................................. 99 1976 Fire and Sewer Debt Service Fund .......................................................................................... 100 Parks and Recreation Capital Projects Fund .................................................................................... 101 Refuse
Equipment Capital Projects Fund ......................................................................................... 102 Combining Statement of Net Position-Internal Service Funds ..................................................................... 104 Combining Statement of Revenues, Expenses and
Changes in Fund Net Position-Internal Service Funds .......................................................................... 105 iii
82 AGENDA ITEM NO. 7.

CITY OF CLOVIS

TABLE OF CONTENTS
FOR THE FISCAL YEAR ENDED JUNE 30, 2024
Page

FINANCIAL SECTION (Continued)
Combining Statement of Cash Flows-Internal Service Funds ..................................................................... 106 Combining St
atement of Fiduciary Net Position .......................................................................................... 108 Combining Statement of Changes in Fiduciary Net Position - Custodial Funds .......................................... 109 STATISTICAL SECTION (Unaudited)
Net Position by Component .............................................................................................................................. 113 Changes in Net Position
.................................................................................................................................... 114 General Government Revenues by Source ...................................................................................................... 116 General Government Expenditures by Function ............................................................................................... 117 Changes in Fund Balances of Governmental Funds ........................................................................................ 118 Fund Balances of Governmental Funds ............................................................................................................ 120 Assessed and Estimated Actual Value of Property ........................................................................................... 121 Property Tax Rates-Direct and Overlapping Government ................................................................................ 122 Principal Property Tax Payers ........................................................................................................................... 123 Property Tax Levies and Collections ................................................................................................................. 124 Ratios of Outstanding Debt by Type ................................................................................................................. 125 Ratio of Net General Obligation Bonded Debt to Assessed Value and Net General Obligation Bonded Debt Per Capita ........................................................................................ 126 Ratio of Annual Debt Service Expenditures for General Obligation Bonded Debt ............................................ 127 Computation of Direct and Overlapping Bonded Debt ...................................................................................... 128 Computation of Legal Debt Margin .................................................................................................................. 129 Revenue Bond Coverage .................................................................................................................................. 130 Demographic Statistics ....................................................................................................... .............................. 131 Principal Employers .......................................................................................................... ................................ 132 Full-Time City Employees ................................................................................................................................. 133 Capital Asset Statistics by Function .................................................................................................................. 134 Operating Indicators by Function ...................................................................................................................... 135 Building Permit Valuations ................................................................................................... ............................. 136 Miscellaneous Statistics ..................................................................................................... ............................... 137

SINGLE AUDIT SECTION
Independent Auditors' Report on Internal Control over Financial Reporting and on Compliance and Other Matters based on an Audit of Fin
ancial Statements Performed in Accordance
with Government Auditing Standards ......................................................................................... ............ 141 Independent Auditors' Report on Compliance with Requirements that Could have a Direct and Material Effect on Each Major Program and on Internal Control over Compliance in Accordance with Federal Uniform Guidance ...................................................................................... 143 Schedule of Expenditures of Federal Awards ................................................................................................... 146 Notes to the Schedule of Expenditures of Federal Awards ............................................................................... 147 Schedule of Findings and Questioned Costs .................................................................................................... 148

LOCAL TRANSPORTATION FUND SECTION
Independent Auditors' Report on Compliance and Other Matters and on Internal Control Over Financial Reporting Ba
sed on an Audit of the Basic Financial Statements in Relation to the Local Transportation Purpose Funds Performed in Accordance with Government Auditing Standards ....................................................................................................... 151

APPROPRIATION LIMIT SECTION
Independent Accountants’ Report on Agreed-Upon Procedures Applied to the Appropriations Limit….….
.................................................................................................................................................... 153 Appropriations Limit Schedule ................................................................................................ .......................... 155 Notes to Appropriations Limit Schedule ............................................................................................................ 156 iv
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85 AGENDA ITEM NO. 7.

November 25, 2024
To the Honorable Mayor, Members of the City Council, and Citizens of the City of Clovis:

It is with pleasure that I present to you the City of Clovis A nnual Comprehensive Financial Report (ACFR). This report has been formatted to comply with the financ ial reporting model as prescribed by the Governmental Accounti ng Standards Board (GASB). These statements have been audited in accordance with Gener ally Accepted Auditing Standards (GAAS) by a firm of licensed certified public accountants as required by State law. Pur suant to that requirement, we hereby issue the ACFR of the City of Clovis for the fiscal y ear ended June 30, 2024.

This report consists of management’s representations concerning the financ es of the City of Clovis. Consequently, managem ent ass umes full responsibility for the completeness and reliability of all information presented in this report. To provide a reasonable basis for making these representations, management of the City of Clovis has established a comprehensive internal control framework that is designed both to protect the government’s assets from loss, theft, or misuse and to compile sufficient reliabl e information for the preparation of the City of Clovis’ financial s tatements in conformity with Generally Accepted Accounting Principles (GAAP). Because the cost of internal controls should not outweigh thei r benefits, the City of Clovis’ comprehensive fr amework of inter nal controls has been designed to provide reasonable rather than absolute assurance t hat the financial statem ents will be free from material misstatements. As ma nagement, we assert that, to the best of our knowledge and belief, this financial report is complete and reliable in all material respects.

The City of Clovis’ financial statements have been audited by Th e Pun Group LLP. The goal of the independent audit was to provide r easonable assurance that t he financial statem ents of the City of Clovis for t he fiscal year ended June 30, 2 024, are free of material misstatement. The independent audit involv ed ex amining, on a test basis, evidence supporting the amounts and disclosures in the financial statements; assessing the accounting principles used and significant estimates m ade by management; and evaluating the ov erall financial statement presentation. The independent auditor concluded, based upon the audit, that there was reasonabl e basis for rendering an unmodified op inion that the City of Clovis’ financial statements for the fi scal year ended June 30, 2024, are fairly pr esented in conformity with GAAP. The independent auditor’s report is presented as the first component of the financial section of this report.

City Manager 559.324. 2060 • Finance 559.324. 2130 • Fire 559.324. 2200 • General Services 559. 324.2060 Planning & Development Services 559 .324.2340 • Police 559.324.2400 • Public Utilities 5 59.324. 2600 • TTY-711 www.cityofclovis.com
86 AGENDA ITEM NO. 7.

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

Profile of the Government
The City of Clovis, inc orporated in 1912, as a general law City of the State of Ca lifornia, is located near the middle of t he state in the San Joaquin Vall ey. The Central Valley is considered to be a national and world leader in the agricultural industry. The City of Clovis currently occupies over 25 square miles and serves a population of 126,133.

The City of Clovis operates under the council-m anager form of governm ent. Policy-making and legislative authority are vested in a govern ing council consisting of the m ayor and four other members. The council is elected on a non-partis an bas is. Council members ser ve four-year staggered terms, with two council me mbers elected in one election and three elected in another election, s eparated by two year s. The mayo r is selected from among the council members by the council mem bers and serv es a two-y ear term. All five members of the governing board are elected at large. The council is re sponsible, among other things, for passing ordinances, adopting the budget, appoint ing committees, and hiring the City’s manager and attorney. The City manager is responsible for carr ying out the policies and ordinances of the governing council, for ov erseeing the day-to-day operations of the government, and for appointing the heads of the various departments.

The City of Clovis provides a full range of serv ices, including police and fire protection; the construction, maintenance, and cleaning of str eets and other infrastructure; planning and development services; water service; refuse collection, dis posal, and r ecycling services; sewer service; s torm drainage; transit services; recreation activities and cultural events; and general administration.

The annual budget serves as the foundation for the City’s financial planning and control. All departments of the City are requir ed to submit requests for appr opriations to the City manager during the second week of March eac h year. The City manager uses these requests along with input from the council to dev elop a proposed budget. By the second Monday in May the pr oposed budget is presented to the City council for rev iew. The council is required to hold public hear ings on the proposed budget and to adopt a final budget by no later than June 30, the close of the City of Clovis’ fiscal year. The appropriated budget is prepared by fund and department. The City manager may make transfers of appropriations between departments within a specific fund of up to $5,000 and up to $2,500 from reserves.

Transfers in excess of thos e amounts require council action. Budget-t o-actual comparisons are provided in this report for each individual governmental fund for which an appropriated annual budget has been adopted. Fo r the general fund, the budget-t o-actual comparison is presented on page 35 as part of the basic financial statements. For all other governmental funds with appropriated annual budgets, other than the general fund, this comparison is presented in the governmental fund subsection of this report, which starts on page 92. 4 87
AGENDA ITEM NO. 7.

Factors Affecting Financial Condition
The information presented in the financial stat ements is perhaps best understood when it is considered from the broader pers pective of the spec ific environment within whic h the City of Clovis operates.

Local economy. The City’s unemployment r ate in June of 2024 was 4.5% and has held steady this past y ear. The City is beginning to see a decline in historically high sales tax revenue from last year as residents struggle wit h the impacts of high inflation and rapidly increasing interest rates. The City has also enjoyed higher than aver age retail sales when compared to other cities and th e state, and significantly bette r occupancy at hotels than experienced elsewhere. This has rapidly increased the City revenues, but the rate of increase is proving to be unsustainable and has begun to drop off. The recovery was coupled with historic inflation rates, nearing 10% and coming down to 4% in June of 2024. This inflationary pressure pushed the Federal Reserve to mak e rapid increases in interest rates to moderate demand.

The national economy is forecasted to slow, but a recession is not being forecast in the next year. However, some signs of slowing are evident. As was ev ident during the 2020 recession, the City’s efforts over m any year s to build a strong and diverse economy that attracts high quality businesses, em ployees, and residents to our c ommunity will be key in walking through more uncertainty.

In addition, the City is faced with a rapidly changing environment. The method of product delivery is transitioning to non-taxable digital services and deliver y services rather than brick and mortar locations. Many employees ar e continuing to telecom mute, changing daily traffic patterns, and finding labor is a continued challenge. This has resulted in changes in real estate demand. In this, there are opportunities for the City to address the changes in the upcoming General Plan Update and projects such as the Shaw Avenue revitalization strategy being developed. The City has also supported and leveraged the large and continued increases in entrepreneurial star t-ups.

As we gain deeper knowledge of the ec onomic shifts that rapidly occurred during the pandemic, it has confirmed that the City is on solid ground economically with new businesses, ideas, and ways of doing business to keep Clovis strong for the long run despite short term challenges in the labor market, inflationary pressures, and monetar y policy. The fundamentals of a well-educated community, excellent infrastructure, good land use policies, and a heritage of hard work will provide for an economic engine that gives hope for the future.

Continuing a spirit of partnership with Clovis businesses is going to be critical in r eaching mutual goals of a vibrant community that allows for success of all residents.

The City of Clovis is part of t he Fresno/Clovis Metropolitan Area. This includes the City of Clovis, City of Fresno and the developed areas of the County of Fresno. The population of Fresno County is 1,017,431 as of January 1, 2024. The City’s popul ation of 126,133 experienced a .1% growth in 2024 com pared to a .1% growth rate in th e County. There ar e approximately 429,000 jobs in Fr esno County. The City of Clo vis has 56,500 employed out of a total labor force of 59,400 with many Clovis residents employed outside of the City limits.

Major employers include Target and Costc o with over 400 employees, Clovis Community Hospital with over 2,900 employees, Wawona Frozen Foods with over 700 employ ees, Anlin 5 88
AGENDA ITEM NO. 7.

Industries with 500 employees, the County of Fresno with ov er 1,800 employees, and the largest employer, Clov
is Unified School Dis trict with over 5,200 employees. Of the approximately 40,000 total jobs in Clovis, 14,199 jobs are generated by the City’s top ten employers.

Long-term financial planning. As part of the City of Clovis l and use planning process, the City’s completed General Plan is at the top of th e City’s land use regulation hierarchy. It is the foundation for most of the Council’s budgeting decisions in terms of capital facilities, staffing, programs, utility infrastructure, and levels of service; it establishes a land use pattern for lands beyond the City limit; it provides the vision and guidance for capital improvements and the development of City infras tructure; and it is used to cr eate development impact fees and provides the basis for environmental analysis of the growth of th e City. The plan is intended to guide development for a period of ten years and will be the basis of the City’s annual 5 year operating and capital forecast.

Part of the previous General Plan was the construction of a wa stewater treatment plant to serve the needs of the new growth area. The plant is expected to accommodate growth through 2033 when construction of phase two of the facility is anticipated. The wastewater treatment plant creates approximately 2.8 million ga llons of disinfected recycled water each day and distributes this water through a “pur ple pipe” distribution system for landscape irrigation throughout the east side of the City. The reuse of this water will help conserve and manage a limited water supply.

Also, to finance current growth, the City has in pl ace a variety of user and developer fees to pay for streets, parks, water wells and lines, and sewer lines. The City reviews these fees on an annual basis to assure that the f ee structure is in line with the cost of construction. The Water and Sewer Funds have approved annual increases of 3% into the future if necessary.

The Community Sanitation Fund has approved annual increases of 4% into the future if needed. For fiscal year 2023/24, the City implemented a 3% annual increase in water and sewer rates and a 4% annual increase in refu se, residential recycling, greeenwaste and street sweeping rates. The Sewer Fund bond su rcharge of $7.30 was fu lly rebated for the fiscal year.

Structurally Balanced Budget Policy. Prior to the economic re cession, in fiscal year 2006/07, the City Council utilized the em ergency reserve when budgetary demand for services exceeded available resources. However, with a decline in building activity beginning in the fall of 2007, the City Council acted quickly to cut costs and services to ensure a balanced budget. Although it was necessary in 200 7/08 to utilize addition al funds from the emergency reserve, the efforts of the Council to develop a “structurally balanced budget” has paid off and the reserve has been rebuilt from 5. 5% of expenditures in 2007/08 to 20.3% of the 2024/25 general fund budgeted expend itures. The Council is determined to maintain a structurally balanced budget where current es timated expenditures are within projected current revenues in order to provide budgetary stability for all operating budgets.

Assigned for Emergencies. The City currently has a policy to assign a portion of its fund balance for emergencies. These emergencies can range from major catastrophic incidents to significant economic downturns. The City Council annually consi ders an increase in the fund balance assigned for emergencies whenever ther e is unexpected or one-time revenue or expenditure savings are realized. The use of the assigned fund balance must be approved by 4/5ths of the Council.
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Awards and Acknowledgements
The Government Finance Officers Association (GFOA) awarded a Certificate of Achievement for Excellence in Financial Reporting to the City of Clovis for its ACFR for the fiscal year ended June 30, 2023. This was the thirty sixth consecutive year that the City has received this prestigious award. To be awarded a Certificate of Achievement, the City published
an easily readable and efficiently organized ACFR. This report satisfied both GAAP and applicable legal requirements.

A Certificate of Achievement is valid for a per iod of one year only. We believ e that our current ACFR continues to meet the Certific ate of Achievement Progr am requirem ents, and we are submitting it to the GFOA to determine its eligibility for another certificate.

In addition, the City also received the GFOA’s Distinguished Budget Presentation Award for its annual budget document dated Ju ly 1, 2024. To qualify for the Distinguished Budget Presentation Award, the governments’ budget document wa s judged to be proficient in several categories, including as a policy document, a financial plan, an operations guide, and a communications device.

The preparation of this report has been accomplis hed with the efficient and d edicated service
of the City’s Finance Department. I would like to express my appreciation to everyone who assisted in its preparat ion, especially, Gina Daniels, Jeff Blanks, Susan Evans, Jose Reynoso, Jose Cortez and Ran Chan.

Respectfully submitted,
Jay Schengel,
CPA
Finance Director
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Government Finance Officers Association
Certificate of
Achievement
for Excellence
in Financial
Reporting
Presented to
City of Clovis
California
For its Annual Comprehensive
Financial Report
For the Fiscal Year Ended
June 30, 2023
Executive Director/CEO
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CITIZENS
OF
CLOVIS
MAYOR
AND

CITY COUNCIL

CITY MANAGER

ASSISTANT CITY MANAGER

CITY CLERK

CITY ATTORNEY
Planning and Development Services
Department
Planning, Enterprise Fund
Building, Enterprise Fund
Engineering Services, Enterprise Fund
Community Investment Program, Capital
Project Fund

PLANNING COMMISSION

PERSONNEL COMMISSION

CITY OF CLOVIS ORGANIZATION CHART
Police Department, General Fund
Administration and Support Services
Communication
Patrol
Investigations
Youth Services
Animal Shelter
City Manager Department
Communications, General Fund
Economic Development, General Fund
Housing and Community Development,
Special Revenue Fund
Information Technology, Internal Service Fund
Elections, General Fund
Legislative Administrative, General Fund
Records Management, General Fund
Public Utilities Department
Water, Enterprise Fund
Wastewater, Enterprise Fund
Community Sanitation, Enterprise Fund
Parks, General Fund
Streets, General Fund
Fleet Maintenance, Internal Service Fund
General Services Department
Personnel/Risk Management, General Fund
Senior Services, General Fund
Public Transit, Enterprise Fund
Recreation Services, General Fund
Facilities Maintenance, Internal Service Fund
Purchasing, Internal Service Fund
Fire Department, General Fund
Operations
Training
Fire Prevention
Emergency Preparedness
Finance Department, General Fund
Accounting/Reporting
Utility Billing
Budgeting
City Treasurer
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CITY OF CLOVIS

LIST OF PRINCIPAL OFFICIALS
JUNE 30, 2024
Title Name
City Manager John Holt
Assistant City Manager Andrew Haussler
City Clerk Briana Parra
Economic Development, Housing &
Communications Director Chad McCollum
Finance Director/City Treasurer Jay Schengel
Fire Chief Chris Ekk
General Services Director Shonna Halterman
Planning & Development Services Director Renee Mathis
Police Chief Curt Fleming
Public Utilities Director Scott Redelfs
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95 AGENDA ITEM NO. 7.
4660 La Jolla Village Drive, Suite 100
San Diego, California 92122
INDEPENDENT AUDITORS’ REPORT
To the Honorable Mayor and Members of City Council
of the City of Clovis
Clovis, California
Report on the Audit of the Financial Statements
Opinions
We have audited the accompanying financial statements of the governmental activities, 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 as listed in the table of contents.

In our opinion, the financial statements referred to above pr esent fairly, in all material respects, the respective financial position of the governmental activities, the bus iness-type activities, each major fund, and the aggregate remaining fund information of the City as of June 30, 2024, and the respective changes in financial position, cash flows, and the budgetary comparison schedule for the Gene ral Fund, thereof for the year then ended in accordance with accounting principles generally accepted in the United States of America.

Basis for Opinions
We conducted our audit in accordance with auditing standards generally accepted in the United States of America and the standards applicable to financial audits contained in Government Auditing Standards issued by the Comptroller General of the United States. Our responsib ilities under those standards are further described in the Auditors’ Responsibilities for the Audi t of the Financial Statem ents section of our report. We are required to be independent of the City, and to meet our other ethical responsibilities, in accordance with the relevant ethical requirements relating to our audit. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinions.

Responsibilities of Management for the Financial Statements Management is responsible for the preparation and fair pres entation of the financial statements in accordance with accounting principles generally accepted in the United States of America, and for the design, implementation, and maintenance of internal control relevant to the preparation and fair presentation of financi al statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, management is required to evaluate whether there are conditions or events, considered in the aggregate, that raise substantial doubt about the City’s ability to continue as a going concern for twelve months beyond the financial statement date, including any currently known information that may raise substantial doubt shortly thereafter.
96 AGENDA ITEM NO. 7.

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

Page 2 ends

Auditors’ Responsibilities for the Audit of the Financial Statements Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditors’ report that includes our opinions.

Reasonable assurance is a high level of assurance but is not absolute assurance and therefore is not a guarantee that an audit conducted in accordance with auditing standards generally accepted in the United States of America and Government Auditing Standards will always detect a material misstatement wh en it exists. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal contro l. Misstatements are considered material if there is a substantial likelihood that, individual ly or in the aggregate, they would influence the judgment made by a reasonable user based on the financial statements.

In performing an audit in accordance with auditing standards generally accepted in the Un ited States of America and Government Auditing Standards, we:
 Exercise professional judgment and maintain professional skepticism throughout the audit.  Identify and assess the risks of material misstatement of the fi nancial statements, whether due to fraud or error, and design and perform audit procedures res ponsive to those risks. Such procedures include examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements.  Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the City’s internal control. Accordingly, no such opinion is expressed.  Evaluate the appropriateness of accounting policies used and the reasonableness of significant accounting estimates made by management, as well as evaluate the overall presentation of the financial statements.  Conclude whether, in our judgment, there are conditions or events, considered in the aggregate, that raise substantial doubt about the City’s ability to continue as a going concern for a reasonable period of time.

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

Required Supplementary Information
Accounting principles generally accepted in the United Stat es of America require that the Management’s Discussion and Analysis, the Schedules of Changes in Net Pension Liability and Related Ratios, and the Schedule of Pension Contributions as listed in the table of contents, be pres ented to supplement the basic financial statements. Such information, although not a part of the basic financial statements, is required by the Governmental Accounting Standards Board, who considers it to be an essential part of financial reporting for placing the basic financial statements in an appropriate operational, economic, or hist orical context. We have applied certain limited procedures to the required supplementary information in accordance with auditing standards generally accepted in the United States of America, which consisted of inquiries of management about the met hods 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 audi t of the basic financial statements. We do not express an opinion or provide any assurance on the information because the limited procedures do not provide us with sufficient evidence to express an opinion or provide any assurance. 14 97
AGENDA ITEM NO. 7.

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

Page 3 ends

Supplementary Information
Our audit wa
s conducted for the purpose of forming opinions on the financial statements that collectively comprise the Town’s basic financial statements. The Combining and Individual Fund Financial Statements and Budgetary Comparison Schedules are presented for purposes of additional analysis and are not a required part of the basic financial statements. Such information is the responsibility of management and was derived from and relates directly to the underlying accounting and other records used to prepare the basic financial statements. The information has been subjected to the auditing procedures applied in the audit of the basic financial statements and certain additional procedures, including comparing and reconciling such information directly to the underlying accounting and other records used to prepare the basic financial statements or to the basic financial statements themselves, and other additional procedures in accordance with auditing standards generally accepted in the United States of America . In our opinion, the Combining and Individual Fund Financial Statements and Budgetary Comparison Schedules are fairly stated, in all material respects, in relation to the basic financial statements as a whole.

Other Information
Management is responsible for the other information incl uded in the annual report. The other information comprises the introductory and statistical sections but does not incl ude the basic financial statements and our auditors’ report thereon. Our opinions on the basic financial statements do not cover the other information, and we do not express an opinion or any form of assurance thereon.

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

Other Reporting Required by Government Auditing Standards In accordance with Government Auditing Standards, we have also issued our report dated November 25, 2024 on our consideration of the City’s internal control over financ ial reporting and on our tests of its compliance with certain provisions of laws, regulations, contracts, and grant agree ments and other matters. The pur pose of that report is to describe the scope of our testing of inte rnal control over financial reporting and compliance and the results of that testing, and not to provide an opinion on the internal control over financial reporting or on compliance. That report is an integral part of an audit performed in accordance with Government Auditing Standards in considering the City’s internal control over financial reporting and compliance.

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

Management’s Discussion and Analysis
This discussion and analysis of the City of Clovis’ financial performance provides an overview of the City’s financial activities for the fisca l year ended June 30, 2024. Please read it in conjunction with the accompanyi ng transmittal letter, the basic financial statements and the accompanying notes to those financial statements.

Financial Highlights
The City’s government-wide total assets and deferred outflows of resources exceeded liabilities and deferred inflows of resources (net position) at the close of the fiscal year by $1.04 billion, which is 5% more than 2023. Of this amount, $91 million is in unrestricted net position, which is available to meet the City’s ongoing commitments to citizens and creditors.

The City’s General Fund, including Lands cape Maintenance, Parking and Business Improvement (PBIA), and Supplemental Law Enforcement, ended the year with a fund balance of $38 million, which represents a small increase from the previous year. The unassigned balance of $4.2 million is avail able for carryover to fund future general fund expenditures.

During the year, approved rates for recycling and green waste pr ograms increased by 4% along with a 4% increase in the refu se collection and dis posal program. A 3% increase in the Water and Sewer Funds were implemented during the 2024 fiscal year.

The City continued to rebate the full sewer bond surcharge of $7.30 per month.

Overview of the Financial Statements
This annual report consists of a series of financial statements. These statements include all activities of the City of Clovis, using the integrated approach as prescribed by GASB Statement No. 34. The Statement of Net Position and Statem ent of Activities provide information about the activities of the City as a whole and present a longer-term view of the City’s finances. Fund financial statements tell how these servic es are financed in the short term as well as what remains for future spending. Fund financial statem ents also report the City’s operations in more detail than the government-wide statements by providing information about the City’s most significant funds. The remaining statements provide financial information about activities for which the City acts solely as a trustee or agent for the benefit of those outside the Government.

Reporting the City as a Whole
Government-wide financial statements. The government-wide fi nancial statements are designed to provide readers with a broad overview of the City’s finances. These statements include all assets and liabili ties of the City using the accrual basis of accounting, which is similar to the accounting method used by most pr ivate sector companies. All of the current year’s revenues and expenses are taken into account regardless of when cash is received or paid out.
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AGENDA ITEM NO. 7.

The statement of net position presents information on all the Cit y’s assets and liabilities, with the difference between the two reported as net position. Over time, increases or decreases in net position may serve as one indicator of whether the City’s financial position is improving or deteriorating.

The statement of activities presents information showing how the City’s net position changed in the most recent fiscal year . All changes of net positi on are reported as soon as the underlying event giving rise to the change o ccurs. Thus, revenues and expenses are reported on this statement for some items that will result in cash flows in future fiscal periods (e.g. earned but unused vacation leave).

The government-wide financial statements of the City are divided as follows:

Governmental Activities: Most of the City’s basic services are included here such as public safety, transportation (street and roads), community development, culture and recreation and general government. These services are prim arily financed by property and sales taxes and federal and state grants.

Business-type Activities: The City charges fees to customers to cover the costs of services provided. The City’s utilities, water, sewer, community sanitation (refuse and street cleaning), planning and development services as well as public transit services are included here.

The government-wide financial statements can be found on pages 30-31 of this report.

Fund financial statements. The fund financial statements provide more detailed information about the City’s most significant funds, not the City as a whole. A fund is a grouping of related accounts that is used to maintain cont rol over resources that have been segregated for specific activities or objectives. Some funds are required to be established by State Law or by bond covenants. Managem ent establishes other funds to control and manage money for particular purposes or to sh ow the City is meeti ng legal responsibilities for using certain taxes, grants, and other money. All the funds of the City can be classified into three categories: governmental funds, proprietary funds, and fiduciary funds.

Governmental Funds . Governmental funds are used to account for essentially the same functions reported as governmental activities in the governmen t-wide financial statements.

However, unlike the government -wide financial statements, government al fund financial statements focus on the near-term inflows and outfl ows of spendable resources, as well as on balances of spendable resources available at t he end of the fiscal year. These funds are reported using an accounting method called modified accrual accounting, which measures cash and all other financial assets that can readily be converted to cash. Such information is useful in evaluating a government’s near-term financing requirements.

Because the focus of the gover nmental funds is narrower than that of the government-wide financial statements, it is usef ul to compare the information presented for the governmental funds with similar information presented for governmental activities in the government-wide financial statements. By doing s
o, readers may better understand the long-term impact of the government’s near-term financing decisions. Both the governmental fund balance sheet and the governmental fund statem ent of revenues, expenditures, and changes in fund balances provide reconciliation betw een governmental funds and governmental activities. This reconciliation explains the relationship (or differences) between the fund statements and the government-wide statements.
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AGENDA ITEM NO. 7.

The City of Clovis maintains seven individual gov ernmental funds. Info rmation is presented separately in the government al funds’ balance sheet and in the governmental funds’ statement of revenues, expenditures, and changes in fund balances for the General Fund and the Local Transportation Fund, both of which are considered major funds. Data from the other five funds are combined in to a single aggregated pr esentation. Individual fund data for each of these nonmajor governmental funds is provided in the form of combining statements elsewhere in this report.

The City adopts an annual appr opriated budget for the General Fund. A budgetary comparison statement has been provided for the General Fund to demonstrate compliance to this budget. The basic governmental fund financial statements can be found on pages 32-35 of this report.

Proprietary funds. The City has two different types of proprietary funds, enterprise funds and internal service funds. Enterprise funds are used to report the same functions represented as business-type activities in the government- wide financial statement s. The City utilizes enterprise funds to account for those activities that are supported primarily by user charges to external users, and includes community sani tation, sewer disposal, water, transit and planning and development services . Internal service funds are used to account for activities that are supported by user char ges primarily to the City’s other programs and activities and include employee benefits, general services, self-insurance and fleet services. Because all these services predominantly b enefit governmental rather than business-type functions, they have been included within gove rnmental activities in the government-wide financial statements.

Proprietary funds provide the same type of information as the government-wide financial statements, only in more detail. The proprietary fund financial statements provide separate information for each of the enterprise funds since they are all major funds . All the internal service funds are combined into a single, aggregated presentation in the fund financial statements. Individual fund data for the internal service funds is provided in the form of combining statements elsewhere in this repor t. The basic proprie tary fund financial statements can be found on pages 36-41 of this report.

Fiduciary funds. Fiduciary funds are used to account fo r resources held for the benefits of parties outside the city. Fiduciary funds are not reflected in the government-wide financial statements because the City cannot use these funds to finance its operations. The basic fiduciary fund financial statements can be found on pages 42-43 of this report.

Notes to the financial statements. The notes provide additiona l information that is essential to a full understanding of the data provided in the gover nment-wide and fund statements. The notes to the financial st atements can be found on pages 44-82 of this report.
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AGENDA ITEM NO. 7.

Government-wide Financial Analysis
Below is a table showing the City’s net position for the fiscal year ended June 30, 2024, with comparative data for the fiscal year ended June 30, 2023.

City of Clovis'
Net Position
Governmental
activities
Business-type
activities Total
2024 2023 2024 2023 2024 2023
Current and other assets 204,221,975$ 194,225,820 $ 182,456,659 $ 180,168,967 $ 386,678,634 $ 374,394,787 $ Capital and intangible assets 733,488,241 695,091,365 287,182,814 283,439,214 1,020,671,055 978,530,579 Total assets 937,710,216 889,317,185 469,639,473 463,608,181 1,407,349,689 1,352,925,366 Deferred Outflows of Resources 38,297,623 40,425,670 10,301,502 11,539,472 48,599,125 51,965,142 Long-term liabilities outstanding 234,575,496 224,996,672 140,585,580 147,410,288 375,161,076 372,406,960 Other liabilities 16,032,482 14,096,889 17,174,543 14,991,526 33,207,025 29,088,415 Total liabilities 250,607,978 239,093,561 157,760,123 162,401,814 408,368,101 401,495,375 Deferred Inflows of Resources 2,866,503 4,226,807 3,818,342 3,737,850 6,684,845 7,964,657 Net Position:

Net investment in capital assets 707,385,881 668,222,549 197,511,336 186,867,688 904,897,217 855,090,237 Restricted 45,148,172 50,688,092 2,105 2,214 45,150,277 50,690,306 Unrestricted (30,000,695) (32,488,154) 120,849,069 122,138,087 90,848,374 89,649,933 Total net position 722,533,358 $ 686,422,487 $ 318,362,510 $ 309,007,989 $ 1,040,895,868$ 995,430,476 $

As of June 30, 2024, the City’ s government-wide total assets and deferred outflows of resources exceeded liabilities and deferred infl ows of resources (net position) by $1.04 billion. Governmental activities finished t he year with a positive ne t position balance of $723 million, an increase of $36 million, or 5%, over 2023. Business-type activities finished the year with a positive balance of $3 18 million, an increase of $9 million, or 3%, over 2023. Net position, as noted earlier, may serve over time as a useful indicator of the City’s health of financial position.

Of the total net position, $905 m illion, or 87%, is the City’s net investment in capital assets (e.g. land, buildings and im provements, machinery and equi pment and the road network) less any related debt used to acquire those asse ts that is still outstanding. The City’s investment in capital assets increased $50 million, restricted net position decreased by $6 million and unrestricted net posit ion increased by $1 million, acc ounting for the increase in total net position of $45 million. This is primarily due to the City’s investment in the road network, buildings and related improvements, and machinery and equipment.

The majority of the City’s long-term liabilities re late to the City’s net pension liability and the acquisition of capital assets. Some of those assets include the City’s corporation yard, fire stations, police vehicles and sewer and water infrastructure including the surface water treatment plant and the sewer tr eatment-water reuse facility. These capital assets are utilized to provide services to citizens and are not available for future spending. The repayment of the debt on these assets must be provided from other sources since the capital assets themselves cannot be used to liquidate these liabilities.

Restricted net position is $45 million, which r epresents 4% of the total net position.

Restricted net position represents t hose resources that are subject to external restrictions on how they may be used. These restrictions are established by bond covenants or restrictions on the use of funds by state or federal regulations.
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AGENDA ITEM NO. 7.

Unrestricted net position repres ents those resources which may be used to meet the City’s
ongoing commitments to citizens and creditors. Go vernment-wide unrestricted net position is $91 million, or 9% of the total net position, which is a 1% incr ease from the previous year.

Governmental activities have a negative $(30) million unrestricted net position, which is a increase of $2 million compared to last year. Business-type activities have $121 million in unrestricted net position, a decrease of $1 million, or 1%, compared to last year.

Governmental activities. Governmental activities account for $723 million, or 69%, of the total Government-wide net position. This is an increase of $36 mill ion, or 5%, over June 30, 2023. Donated and constructed assets increased by $39 million while the amounts available for debt service, street and r oad construction and community development decreased by $6 million. Addi tionally, the amount accumulated during the year for normal activities, unrestricted net position, increased by $2 million. 20 103
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The following lists key components of this increase:

City of Clovis'
Changes in Net Position
Governmental
activities
Business-type
activities Total
2024 2023 2024 2023 2024 2023
Revenues:

Program revenues:

Charges for services $ 34,300,015 $ 42,360,599 $ 88,034,447 $ 95,360,776 $ 122,334,462 $ 137,721,375 Operating grants and contributions 5,007,289 537,308 7,987,902 5,849,464 12,995,191 6,386,772 Capital grants and contributions 34,127,517 17,368,142 2,769,840 1,405,622 36,897,35 7 18,773,764 General revenues:

Property taxes 39,288,942 36,213,178 39,288,942 36,213,178 Sales taxes 29,516,137 30,238,078 29,516,137 30,238,078 Franchise taxes 2,950,622 2,947,940 2,950,622 2,947,940 Transient occupancy taxes 5,400,999 4,309,917 5,400,999 4,309,917 Unrestricted investment earnings 8,115,077 1,198,283 5,876,145 2,299,049 13,991,222 3,497,332 Total revenues 158,706,598 135,173,445 104,668,334 104,914,911 263,374,932 240,088,356 Expenses:

General government 8,869,453 9,535,828 8,869,453 9,535,828 Public safety 79,683,221 68,279,928 79,683,221 68,279,928 Transportation 19,858,019 18,169,669 19,858,019 18,169,669 Community development 1,054,705 1,175,806 1,054,705 1,175,806 Cultural and recreation 10,292,672 9,261,526 10,292,672 9,261,526 Interest and other charges 617,657 462,097 617,657 462,097 Community Sanitation 26,696,040 24,729,993 26,696,040 24,729,993 Sewer 22,316,767 21,030,572 22,316,767 21,030,572 Water 24,680,751 22,083,398 24,680,751 22,083,398 Transit 10,091,917 8,357,494 10,091,917 8,357,494 Planning & Development Services 13,748,338 13,739,734 13,748,338 13,739,734 Total expenses 120,375,727 106,884,854 97,533,813 89,941,191 217,909,540 196,826,045 Increase in net position before transfers 38,330,871 28,288,591 7,134,521 14,973,720 45, 465,392 43,262,311 Transfers (2,220,000) (450,000) 2,220,000 450,000 0 0 Increase in net position 36,110,871 27,838,591 9,354,521 15,423,720 45,465,392 43 ,262,311 Net position-beginning 686,422,487 658,583,896 309,007,989 293,584,269 995,430,476 952,168,165 Net position - ending $ 722,533,358 $ 686,422,487 $ 318 ,362,510 $ 309,007,989 $ 1,040,895,868 $ 995,430,476 Total governmental revenues for the year were $159 million, which is $24 million, or 17%, more than in 2023. Most of th is increase is attributable to federal and state grant revenue increases. Taxes, including property, sales, fr anchise, and transient occupancy, account for $77 million, or 49%, of the City’s governmental activities revenue and increased $3 million, or 5%, from 2023. Property taxes increased by $3 million due to increased assessed values related to new construction, increased valuat ion base due to annexations and the statutory annual increase in taxes not to exceed 2%. Sales taxes decreased by $721 thousand mainly due to the inflationary pressures on consumer s reducing their discretionary spending on taxable goods as the cost of housing, food and gas increased significantly.

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Total governmental expenses for the year were $120 million, an increas e of $13 million, or 12%, from 2023. Public Safety , which includes police and fire , accounts for $80 million, or 67%, of the total governmental activities’ expenses. Public Safety expenses increased $11 million, or 17%, from 2023 primarily due to salary increases related to the police and fire departments. Community development expenses decr eased from 2023. General government expenses decreased from 2023. Tr ansportation expenses increased from 2023.

Cultural and Recreation expenses were $10 m illion, slightly incr eased when compared to 2023.

Expenses and Program Revenues-Governmental Activities
$0
$5,000,000
$10,000,000
$15,000,000
$20,000,000
$25,000,000
$30,000,000
$35,000,000
$40,000,000
$45,000,000
$50,000,000
$55,000,000
$60,000,000
$65,000,000
$70,000,000
$75,000,000
$80,000,000
$85,000,000
General
Government
Public
Safety
Transportation Community
Development
Cultural
and Recreation
Expenses Program Revenues

Revenues by Source-Governmental Activities
charges for
serv ices
22%
operating grants
and contributions
3%
capital grants
and contributions
21%
property taxes
25%
business license &
franchise taxes
2%
sales tax es
19%
transient
occupancy taxes
3%
unrestricted
investment
earnings
5%

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Program revenues that include charges for servic es and grants specific to certain programs were $73 million, or 46% of t he total governmental activity revenue. The largest change in program revenues, notably in General Government , resulted in an increas e of federal and state grants. The amounts necessary to fully fund the governmental activity programs are made up of “general” revenues such as taxes, interest, and grants and contributions.

Business-type Activities. Business-type activities account for $318 million, or 31% of the total Government-wide net position. This is an increase of $9 m illion, or 3%, from June 30, 2023. The component, “Net Investment in Capital Assets” accounts for $198 million, or 62% of the total net position, and is an incr ease of $11 million from 2023. The amount of restricted net position represents less than 1% of the total net position. The amount of net position t hat is unrestricted, $121 million, or 38%, decreased $1 million from 2023. Charges for services were $88 million, or 84% of the total business-type activity revenue, a decrease from 2023. Grants and contributions of $11 million represent $8 million in contributions of sewer and water mains fr om developers and $3 million in state transit funding.

Expenses and Program Revenues-Business-type Activities
0 5,000,000
10,000,000
15,000,000
20,000,000
25,000,000
30,000,000
Community Sanitation Sewer Water Transit Planning &
Development Services
Expenses Program Revenues

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Revenues by Source-Business-type Activities
charges for
serv ices
83%
operating grants
and
contributions
8%
capital grants
and
contributions
3%
unrestricted
investment
earnings
6%

Included in charges for services are development fees relating to the construction of capital improvements for sewer disposal and water oper ations. The revenues generated by these development fees are normally accumulated until such time as there ar e sufficient reserves to construct or acquire capital assets or to pay debt service on prev iously incurred debt.

Debt service payments of principal are not considered a program expense and are, therefore, not reflected in this chart.

Financial Analysis of the City’s Funds

As noted earlier, the City uses fund accounti ng to ensure and demonstrate compliance with finance-related legal requirements.

Governmental funds. Fund balance is defined in five ca tegories: nonspendable, restricted, committed, assigned and unassigned. Nonspe ndable fund balances cannot be spent because of their form. Rest ricted fund balance has limitatio ns imposed externally by creditors, grantors, contributors, or laws and regul ations of other governments. Committed fund balance has self-imposed lim itations set in place prior to the end of the period.

Assigned fund balance is the amount left available for appropriation at the City’s discretion within the fund’s purpose.

The City’s governmental funds ended the year with positive f und balances. The ending fund balance for all funds is $76 million, which is a $1 million increase from the previous year. Of the total fund balance, $4.2 million or 6% is una ssigned, which, within t he limitations of the fund’s purpose, is available for spending at the City’s discretion. The remainder of the fund balance is not available for new spending because it is either in a form not able to be spent or has already been restricted, assigned or committed for the following: (in millions)

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Capital Projects $23.5
Community Development 11.7
Debt service 0.4
Landscape Maintenance 9.1
Parking and Business Improvement 0.2
Law Enforcement <0.1
Services materials and supplies 1.6
Capital Outlay 2.1
Emergencies 22.6

The general fund is the chief operating fund of the City. As of June 30, 2024, the total fund balance (including all categories) of the general fund was $38 million. The total fund balance of $38 million includes restricted balances of $9.5 million, assigned balances of $24.3 million, and an unassigned balance of $4.2 million. The c hange in fund balance was primarily due to the increases in transfers out related to capital project reimbursements.

The local transportation fund, used to account fo r all street construction projects, incurred less than budgeted expenditures as a result of se veral large projects awarded towards the end of the fiscal year and limited staff resources. The ending fund balance of $23.4 million is $3.6 million more than June 30, 2023.

Proprietary funds. As indicated in the description of proprietary funds, there are two types of funds, enterprise and internal service funds. The City’s enterprise funds ended the year with positive unrestricted net po sition except for the Transit Fund. This deficit balance is attributable to the liability of Ca lPERS pension funds. Th is liability is long-term in nature, not requiring current resources, and is not being funded at this time.

All the internal service funds finished with pos itive unrestricted net position. The current liability for workers’ compensation claims is $9.2 million. Th e City funds the current year workers’ compensation expendit ures with charges to City pr ograms. The City has also funded approximately $3.5 million of the accrued lia bility through charges to City programs in prior years. The balance of the liability is of a long-term nature, not requiring current resources, and therefore has not been funded.

General Fund Budgetary Highlights

Throughout the fiscal year it was necessary to adjust the original General Fund budget. The Statement of Revenues, Expenditures, and Chang e in Fund Balance-Budget to Actual, General Fund, on page 35 shows the original budget and final budget.

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The Variance with Final Budget within the same statement allows t he City to analyze and improve the upcoming fiscal year budget. Below is a summary of the primary variances:

Budgeted
Original
Budgeted
Final
Actual
Amounts
Final Budget
Variance Explanation
Revenues:

Property Taxes $38,144,000 $38,144,000 $39,288,942 $1,144,942 Variance due to larger amounts realized in various
property taxes mostly in current year secured,
unsecured and in lieu of vehicle license fees.

Sales Taxes 31,995,000 31,995,000 29,516,137 (2,478,863) Variance due to inflationary pressures on consumers
causing less discretionary spending on taxable goods.

Use of Money and
Property 463,000 463,000 1,139,847 676,847
Variance due to an increase in interest income
collected, due to higher yielding investments..

From Other Agencies 4,779,000 4,927,182 6,473,310 1,546,128 Variance mostly due to reimbursement of out-of-county
emergency response services provided.

Expenditures:

Police 54,781,771 54,841,771 53,482,541 1,359,230 Variance due to open positions of patrol officers,
resulting in salary savings.

Public Utilities 14,190,041 14,240,041 13,055,979 1,184,062 Variance due to salary savings and a reduction of
service and supply usage versus originally budget.

Comparison of Revenues, Expenditures and Changes in Fund Balance Budget and Actual - General Fund
Capital As
sets and Debt Administration
Capital Assets. The City’s capital assets for its governmental and business-type activities as of June 30, 2024, amount to $1.02 billion (net of depreciation/amortization), an increase of $42 million over 2023. Capital assets include land, buildings and im provements, machinery and equipment, and road network and intangible capacity rights for water and sewer.

Major capital asset additions this year include the following:

Land $ 17 million
Building and improvements $ 10 million
Road network improvements and land acquisitions $ 10 million During the year the City made improvements to various streets and received developer donated infrastructure. The sewer system improv ements include the City’s share of capital projects for the Fresno-Clovis regional wastewater treatment plan t. Additional information on the City’s capital assets can be found in note IV.E on pages 62-64. 26 109
AGENDA ITEM NO. 7.

CITY OF CLOVIS’
Capital Assets
(net of depreciation)
Governmental
activities
Business-type
activities Total
2024 2023 2024 2023 2024 2023
Land 297,987,318$ 280,729,414$ 40,776,635$ 40,776,635$ 338,763,953$ 321,506,049$ Buildings and improvements 116,083,788 105,999,678 211,173,387 211,214,525 327,257,175 317,214,203 Right to use lease buildings 10,041,534 10,707,729 10,041,534 10,707,729 Machinery and equipment 18,440,002 18,069,919 4,746,664 2,986,448 23,186,666 21,056,367 Right to use lease equipment 2,343,792 2,655,477 2,343,792 2,655,477 Road network 286,538,716 276,694,640 286,538,716 276,694,640 Intangibles 2,053,091 234,508 30,486,128 28,461,606 32,539,219 28,696,114 Total 733,488,241$ 695,091,365$ 287,182,814$ 283,439,214$ 1,020,671,055$ 978,530,579$

Long-term Debt . The City’s long-term debt as of June 30, 2024, wa s $112 million, with governmental activities accounting for $25 milli on, or 22%, and business-type activities accounting for $87 million, or 78%.

CITY OF CLOVIS'
Outstanding Bonds, Loans, Notes from Direct Borrowings and Contracts Governmental
activities
Business-type
activities Total
2024 2023 2024 2023 2024 2023
Loans payable 2,775,567 $ 1,908,905 $ 2,775,567 $ 1,908,905 $ Notes from direct borrowings 9,077,447 11,370,846 9,077,447 11,370,846 Revenue bonds 13,168,706 13,473,784 87,414,061 $ 93,585,238$ 100,582,767 107,059,022 Contracts payable 1,203,845 - 1,203,845 Total 25,021,720$ 26,753,535$ 87,414,061$ 94,789,083$ 112,435,781$ 121,542,618$

General obligation debt are direct obligations of the City and are backed by the full faith and credit of the City requiring vote r approval and may have a tax ra te set to cover repayment.

State statues limit the amount of general obligation debt to 15% of the City’s total assessed valuation. The City of Clovis’ debt limit is $2.0 b illion. The City currently has no general obligation debt outstanding. Deta iled information on the City’s long-term debt activity can be found in Note F. of the notes to the financial statements.

Economic Factors and Next Year’s Budgets and Rates

The City is closely watching the national economy along with the state’s budget and the impact these have on Clovis. During the budget development process for the 2024/25 fiscal year, the City was able to incr ease general fund expenditures by $5 million, or 5% compared to the estimated 2023/24 expenditures. The increas e is largely due to funding new positions, cost-of-living salary increases, increased costs of employee benefit s, and general price increases impacting the cost of services and supplies.

While the City’s unemployment rate is current ly low at 5%, the U. S. has experienced historically high inflation over th e last several years. This c ontinues to be a concern for the City in the next budget year. The increase in prices is putting further pressure on households and shifting household dollars away from discretionary spending which could have a significant impact on the City’s sales taxes as a larger portion of income goes to essentials such as food, transportation and housing costs. High inflation has originated from a mismatch 27 110
AGENDA ITEM NO. 7.

between total demand and supply in the economy, lar gely as a result of constraints from the pandemic and an aggressive fiscal and monetary po licy response. The Federal Reserve has recently started lowering interest rates as its aggressive response has helped to bring inflation under control.

On June 30, 2024, the General Fund has an assi gned fund balance of $22.6 million, or 22% of 2023/24 budgeted expenditures set aside for unf oreseen emergencies. The City continues to monitor the impacts of high inflation and rising interest rates on the economy and the City’s budget and will continue to adjust its strategies to address those impacts.

The Council determined that it was necessa ry for the Community Sanitation Fund to implement a rate increase of 4% for the gr een waste and recycling programs, the refuse collection and disposal program and the street sweeping program for the 2024/25 fiscal year.

Furthermore, the Council determined that a 3% increase was necessary for the Water Fund.

The Sewer Fund will have a 3% rate increase and the full $7.30 bond surcharge will continue to be fully rebated.

Requests for Information

This financial report is designed to provide our citizens, taxpayers, customers, investors and creditors with a general overview of the City of Clovis’ finances and to demonstrate the City’s accountability for the money it receives. If you have any questions about this report or need additional financial information, contact the Finance Director, City of Clovis, 1033 Fifth Street, Clovis, CA, 93612.

28 111
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AGENDA ITEM NO. 7.

Primary Government
Governmental Business-type
Activities Activities Total
ASSETS
Cash and investments 203,084,224 $ 142,838,836 $ 345,923,060 $ Receivables 10,413,684 13,973,279 24,386,963 Internal balances (22,024,811) 22,024,811
Due from other governments 11,564,643 3,617,628 15,182,271 Inventories 959,000 959,000
Restricted assets:

Cash and investments 225,235 2,105

227,340
Capital assets, not being depreciated 297,987,318 40,776,635 338,763,953 Capital assets (net of accumulated depreciation) 433,447,832 215,920,051 649,367,883 Intangible assets (net of accumulated amortization) 2,053,091 30,486,128 32,539,219 Total assets 937,710,216 469,639,473 1,407,349,689

DEFERRED OUTFLOWS OF RESOURCES
Pension related deferred outflows 38,297,623 10,301,502 48,599,125 38,297,623 10,301,502 48,599,125

LIABILITIES
Accounts payable 9,648,888 3,917,116 13,566,004 Accrued payroll 3,721,879 3,721,879
Unearned revenue 2,661,715 13,257,427 15,919,142 Long-term liabilities:

Due within one year 58,335,127 13,481,199 71,816,326 Due in more than one year 176,240,369 127,104,381 303,344,750 Total liabilities 250,607,978 157,760,123 408,368,101

DEFERRED INFLOWS OF RESOURCES
Lease related deferred inflows 116,914 1,231,760 1,348,674 Pension related deferred inflows 2,749,589 446,235 3,195,824 Deferred gain on bond refunding 2,140,347 2,140,347 2,866,503 3,818,342 6,684,845

NET POSITION
Net investment in capital assets 707,385,881 197,511,336 904,897,217 Restricted for:

Debt service 450,409 2,105

452,514
Streets and roads 23,502,117 23,502,117
Community development 12,021,493 12,021,493
Landscape maintenance 9,174,153 9,174,153
Unrestricted (deficit) (30,000,695) 120,849,069 90,848,374 Total net position 722,533,358$ 318,362,510$ 1,040,895,868$ The notes to the financial statements are an integral part of this statement.

City of Clovis
Statement of Net Position
June 30, 2024
30 113
AGENDA ITEM NO. 7.

Net (Expense) Revenue and
Program Revenues Changes in Net Position
Operating Capital Primary Government
Charges for Grants and Grants and Governmental Business-type Expenses Services Contributions Contri butions Activities Activities Total Function/Programs
Primary government:

Governmental activities:

General government 8,869,453 $ 11,037,180 $ 163,385 $ 2,331,112 $ 2,331,112 $ Public safety 79,683,221 1,571,892 3,136,228 1,099,278 $ (73,875,823) (73,875,823) Transportation 19,858,019 17,936,157 32,410 31,578,170 29,688,718 29,688,718 Community development 1,054,705 21,118 1,635,792 756,192 1,358,397 1,358,397 Cultural and recreation 10,292,672 3,733,668 39,474 693,877 (5,825,653) (5,825,653) Interest and other charges 617,657 (617,657) (617,657) Total governmental activities 120,375,727 34,300,015 5,007,289 34,127,517 (46,940,906) 0 (46,940,906) Business-type activities:

Community sanitation 26,696,040 27,055,922 359,882 $ 359,882 Sewer disposal 22,316,767 19,452,032 1,181,405 (1,683,330) (1,683,330) Water 24,680,751 25,437,610 1,588,435 2,345,294 2,345,294 Transit 10,091,917 4,000,139 7,900,880 1,809,102 1,809,102 Planning & Development Services 13,748,338 12,088,744 87,022 (1,572,572) (1,572,572) Total business-type activities 97,533,813 88,034,447 7,987,902 2,769,840 0 1,258,376 1,258,376 Total primary government 217,909,540 $ 122,334,462 $ 12,995,191 $ 36,897,357 $ (46,940,906) 1,258,376 (45,682,530) General revenues:

Property taxes 39,288,942 39,288,942
Sales taxes 29,516,137 29,516,137
Franchise taxes 2,950,622 2,950,622
Transient occupancy taxes 5,400,999 5,400,999
Unrestricted investment earnings (losses) 8,115,077 5,876,145 13,991,222 Transfers (2,220,000) 2,220,000 0
Total general revenues and transfers 83,051,777 8,096,145 91,147,922 Changes in net position 36,110,871 9,354,521 45,465,392 Net position-beginning 686,422,487 309,007,989 995,430,476 Net position-ending 722,533,358 $ 318,362,510 $ 1,040,895,868 $ The notes to the financial statements are an integral part of this statement.

City of Clovis
Statement of Activities
For the Year Ended June 30, 2024
31 114
AGENDA ITEM NO. 7.

Other Total
Local Governmental Governmental
General Transportation Funds Funds
ASSETS
Cash and investments 32,887,512 $ 74,782,043 $ 10,378,850 $ 118,048,405 $ Cash with agents-restricted 224,800 224,800
Receivables 4,379,625 664,496 4,800,539 9,844,660 Due from other governments 6,535,975 4,232,379 784,325 11,552,679 Total assets 43,803,112$ 79,903,718$ 15,963,714$ 139,670,544$

LIABILITIES AND FUND BALANCES
Liabilities:

Accounts payable 1,025,325 $ 4,189,661 $ 1,591,362 $ 6,806,348 $ Accrued payroll 3,721,880 3,721,880
Due to other governments 27,906 27,906
Deposits and other liabilities 496,549 50,204,166 34,259 50,734,974 Unearned revenue 580,463 2,081,252 2,661,715 Total liabilities 5,852,123 56,475,079 1,625,621 63,952,823 Fund balances:

Restricted for:

Capital projects 23,428,639 73,478 23,502,117
Community development 31,270 11,693,641 11,724,911 Debt service 449,974 449,974
Landscape maintenance 9,174,153 9,174,153
Parking and business improvement 211,071 211,071 Law enforcement 85,511 85,511
Assigned for:

Services, materials and supplies 1,662,700 1,662,700 Capital 2,121,000 2,121,000
Emergencies 22,600,000 22,600,000
Unassigned, reported in:

General fund 4,186,284 4,186,284
Total fund balances 37,950,989 23,428,639 14,338,093 75,717,721 Total liabilities and fund balances 43,803,112$ 79,903,718$ 15,963,714$ Reconciliation of the Governmental Fund Balances to the Governmental Activities Net Position Amounts reported for governmental activities in the statement of net position are different because:

Capital assets used in governmental activities are not financial resources and therefore, are not reported in the funds. (Net of $120,418,723 of internal service fund capital assets) 613,069,518 Internal service funds are used by management to charge the costs of fleet management, employee benefits, liability and property insurance and general services to individual funds. The assets and liabilities of the internal service funds are included in governmental activities in the statement of net position. (Net of $16,024,811 allocated to business-type activities) 137,273,019 Long-term liabilities, including compensated absences, and net pension liability, are not due and payable in the current period and therefore are not reported in the funds. (103,526,900) Net Position of Governmental Activities 722,533,358 $
The notes to the financial statements are an integral part of this statement.

Major Funds
City of Clovis
Balance Sheet
Governmental Funds
June 30, 2024
32 115
AGENDA ITEM NO. 7.

Other Total
Local Governmental Governmental
General Transportation Funds Funds

REVENUES
Property taxes 39,288,942 $ 39,288,942 $
Sales taxes 29,516,137 29,516,137
Business license & Franchise taxes 7,684,608 7,684,608 Transient occupancy taxes 5,390,581 5,390,581
Licenses and permits 1,307,374 1,307,374
Fines and forfeitures 190,317 190,317
Use of money and property 1,139,847 2,721,109 $ 798,199 $ 4,659,155 From other agencies 6,473,310 14,119,662 3,206,273 23,799,245 Charges for services 7,888,676 1,781,104 9,669,780 Other revenues 7,488,595 7,488,595
Total revenue 106,368,387 16,840,771 5,785,576 128,994,734

EXPENDITURES
Current:

General government 8,851,777 8,851,777
Public safety 77,456,919 77,456,919
Transportation 5,708,119 153,460 5,861,579 Community development 77 1,056,435 1,056,512 Cultural and recreation 10,285,161 10,285,161
Capital outlays 13,245,793 5,837,759 19,083,552 Total expenditures 102,302,053 13,399,253 6,894,194 122,595,500 Excess (deficiency) of revenues
over (under) expenditures 4,066,334 3,441,518 (1,108,618) 6,399,234

OTHER FINANCING SOURCES (USES)
Transfers in 114,000 114,000
Transfers out (3,950,000) (1,964,000) (5,914,000) Total other financing sources (uses) (3,950,000) 114,000 (1,964,000) (5,800,000) Net change in fund balances 116,334 3,555,518 (3,072,618) 599,234 Fund balances-beginning 37,834,655 19,873,121 17,410,711 75,118,487 Fund balances-ending 37,950,989 $ 23,428,639 $ 14,338,093 $ 75,717,721 $ The notes to the financial statements are an integral part of this statement.

Major Funds
City of Clovis
Statement of Revenues, Expenditures, and Changes in Fund Balances Governmental Funds
For the Year Ended June 30, 2024
33 116
AGENDA ITEM NO. 7.

Amounts reported for governmental activities in the statement of activities (page 31) are different because:

Net change in fund balances-total governmental funds (page 33) 599,234 $ Governmental funds report capital outlays as expenditures. However, in the statement of activities the cost of those assets is allocated over their estimated useful lives and reported as depreciation/amortization expense. This is the amount by which depreciation/amortization exceeded capital outlays in the current period. 5,030,846 The net effect of donations and miscellaneous transactions involving capital assets (i.e., sales and trade-ins) is to increase net position. 26,169,156 Some expenses reported in the statement of activities do not require the use of current financial resources and, therefore, are not reported as expenditures in governmental funds. (5,078,198)
Internal service funds are used by management to charge the costs of fleet maintenance, employee benefits, liability and property insurance and general services to individual funds.

The net revenue of certain activities of internal service funds is reported with governmental activities. Net of $2,146,808 allocated to business-type activities. 9,389,833 Change in net position of governmental activities (page 31) 36,110,871 $ The notes to the financial statements are an integral part of this statement.

City of Clovis
Reconciliation of the Statement of Revenues,
Expenditures, and Changes in Fund Balances of Governmental Funds To the Government-Wide Statement of Activities
For the Year Ended June 30, 2024
34 117
AGENDA ITEM NO. 7.

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

REVENUE
Property taxes 38,144,000 $ 38,144,000 $ 39,288,942 $ 1,144,942 $ Sales taxes 31,995,000 31,995,000 29,516,137 (2,478,863) Business license & Franchise taxes 7,790,000 7,790,000 7,684,608 (105,392) Transient occupancy taxes 5,065,000 5,065,000 5,390,581 325,581 Licenses and permits 1,507,000 1,507,000 1,307,374 (199,626) Fines and forfeitures 188,000 188,000 190,317 2,317 Use of money and property 463,000 463,000 1,139,847 676,847 From other agencies 4,779,000 4,927,182 6,473,310 1,546,128 Charges for services 7,507,000 7,593,900 7,888,676 294,776 Other revenues 7,744,000 7,744,000 7,488,595 (255,405) Total revenues 105,182,000 105,417,082 106,368,387 951,305

EXPENDITURES
Council 561,200 561,200 493,009 68,191 Clerk 351,748 351,748 310,696 41,052 Attorney 1,123,200 1,123,200 1,011,827 111,373 Manager 2,544,799 2,544,799 2,316,891 227,908 General services 4,626,651 4,667,651 3,885,036 782,615 Finance/Treasurer 4,126,536 4,126,536 3,771,692 354,844 Police 54,781,771 54,841,771 53,482,541 1,359,230 Fire 24,284,940 24,332,122 23,974,382 357,740 Public utilities 14,190,041 14,240,041 13,055,979 1,184,062 Total expenditures 106,590,886 106,789,068 102,302,053 4,487,015 Excess (deficiency) of revenues
over expenditures (1,408,886) (1,371,986) 4,066,334 5,438,320

OTHER FINANCING SOURCES (USES)
Transfers Out (3,930,000) (3,950,000) (3,950,000) 0 Total other financing sources (uses) (3,930,000) (3,950,000) (3,950,000) 0 Net change in fund balance (5,338,886) (5,321,986) 116,334 5,438,320 Fund balance-beginning 37,834,655 37,834,655 37,834,655 Fund balance-ending 32,495,769 $ 32,512,669 $ 37,950,989$ 5,438,320$
The notes to the financial statements are an integral part of this statement.

City of Clovis
Statement of Revenues, Expenditures, and Changes in Fund Balance-Budget and Actual General Fund
For the Year Ended June 30, 2024
35 118
AGENDA ITEM NO. 7.

Business-Type Activities-Enterprise Funds
Governmental
Planning & Activities
Community Sewe r Development Internal
Sanitation Disposal Wate r Services Transit Totals Service Funds ASSETS
Current assets:

Cash and investments 15,938,924$ 40,903,360$ 60,346,365$ 16,434,287$ 9,215,900$ 142,838,836$ 85,035,819 $ Receivables 4,870,716 3,892,351 4,994,731 80,598 134,883 13,973,279 569,024 Due from other governments 31,712 11,350 78,084 40,946 3,455,536 3,617,628 11,964 Inventories 0 959,000
Advances to other funds 6,000,000 6,000,000 0
Total current assets 20,841,352 44,807,061 71,419,180 16,555,831 12,806,319 166,429,743 86,575,807 Noncurrent assets:

Cash with fiscal agent-bond accounts 1,355 750 2,105 435 Total restricted assets 0 1,355 750 0 0 2,105 435
Capital assets:

Land 19,076,813 5,041,119 16,658,703 40,776,635 8,872,400 Buildings and improvements 9,769,152 178,687,014 143,435,904 331,892,070 139,967,295 Machinery and equipment 3,321,457 839,517 2,102,750 130,517 8,441,018 14,835,259 63,416,737 Less accumulated depreciation (4,487,950) (68,872,395) (51,890,774) (85,679) (5,470,480) (130,807,278) (93,890,800) Total capital assets (net of
accumulated depreciation) 27,679,472 115,695,255 110,306,583 44,838 2,970,538 256,696,686 118,365,632 Intangible assets: 44,313,638 14,618,786 316,673 59,249,097 2,421,724 Less accumulated amortization (24,882,859) (3,725,248) (154,862) (28,762,969) (368,633) Total intangible assets (net of
accumulated amortization) 19,430,779 10,893,538 161,811 30,486,128 2,053,091 Total noncurrent assets 27,679,472 135,127,389 121,200,871 44,838 3,132,349 287,184,919 120,419,158 Total assets 48,520,824 179,934,450 192,620,051 16,600,669 15,938,668 453,614,662 206,994,965

DEFERRED OUTFLOWS OF RESOURCES
Pension related deferred outflows 2,748,268 719,913 1,987,973 3,125,606 1,719,742 10,301,502 2,426,759 Total deferred outflows of resources 2,748,268 719,913 1,987,973 3,125,606 1,719,742 10,301,502 2,426,759 Major Enterprise Funds
City of Clovis
Statement of Net Position
Proprietary Funds
June 30, 2024
36 119
AGENDA ITEM NO. 7.

LIABILITIES
Current liabilities:

Accounts payable 730,146 1,880,889 1,072,590 213,441 14,023 3,911,089 2,814,633 Claims and judgments payable 0 2,548,000
Due to other governments 6,027 6,027
Accrued compensated absences 81,000 22,500 65,200 88,800 32,000 289,500 56,600 Deposits and other liabilities 2,400 2,826,294 4,305,145 7,133,839 733,052 Unearned revenue 493,937 278,063 12,485,427 13,257,427 0 Lease liability-current 0 71,581
Subscription liability-current 107,860 107,860 563,243 Direct borrowings-currrent 0 2,155,179
Loans payable-current 0 253,887
Revenue bonds-current 3,540,000 2,410,000 5,950,000 300,000 Contracts payable-current 0
Total current liabilities 1,307,483 5,443,389 6,374,084 4,885,449 12,645,337 30,655,742 9,496,175 Noncurrent liabilities:

Claims and judgments payable 0 6,665,000
Accrued compensated absences 389,630 108,044 313,607 427,404 154,155 1,392,840 272,478 Advances from other funds 0 6,000,000
Direct borrowings 0 6,922,270
Loans payable 0 2,521,680
Lease liability 0 505,436
Subscription liability 9,210 9,210 517,395 Revenue bonds (net of discount/premium) 72,994,671 8,469,390 81,464,061 12,868,706 Contracts payable 0
Landfill closure 5,700,540 5,700,540
Net pension liability 9,876,036 2,295,341 7,143,737 13,132,382 6,090,234 38,537,730 10,129,241 Total noncurrent liabilities 15,966,206 75,398,056 15,926,734 13,559,786 6,253,599 127,104,381 46,402,206 Total liabilities 17,273,689 80,841,445 22,300,818 18,445,235 18,898,936 157,760,123 55,898,381

DEFERRED INFLOWS OF RESOURCES
Lease related deferred inflows 579,679 652,081 1,231,760 116,914 Pension related deferred inflows 123,623 30,745 87,004 128,440 76,423 446,235 108,599 Deferred gain on bond refunding, net 1,519,870 620,477 2,140,347 Total deferred inflows of resources 123,623 2,130,294 1,359,562 128,440 76,423 3,818,342 225,513

NET POSITION
Net investment in capital assets 27,679,472 57,071,493 109,700,254 44,838 3,015,279 197,511,336 94,316,363 Restricted for debt service 1,355 750 2 ,105 435 Unrestricted (deficit) 6,192,308 40,609,776 61,246,640 1,107,762 (4,332,228) 104,824,258 58,981,032 Total net position $33,871,780 97,682,624$ 170,947,644$ 1,152,600$ (1,316,949)$ 302,337,699 153,297,830$ Adjustments to reflect the consolidation of internal service fund activities related to enterprise funds. 16,024,811 N
et position of business-type activities 318,362,510$
The notes to the financial statements are an integral part of this statement. 37 120
AGENDA ITEM NO. 7.

Business-Type Activities-Enterprise Funds
Governmental
Planning & Activities
Community Sewer Development Internal
Sanitation Disposal Water Services Transit Totals Service Funds Operating revenues:

Charges for services 25,693,189 $ 19,152,130 $ 24,604,083 $ 11,833,726 $ 113,344 $ 81,396,472$ 72,981,295 $ From other agencies 118,628 129,361 260,645 87,022 3,542,451 4,138,107 132,447 Other revenues 141,144 23,070 101,494 585 266, 293 1,720,845
Total operating revenues 25,952,961 19,304,561 24,966,222 11,921,333 3,655,795 85,800,872 74,834,587 Operating expenses:

Salaries and benefits 7,978,325 1,926,186 5,566,880 8,753,658 5,305,223 29,530,272 24,212,750 Services, materials and supplies 14,279,041 9,470,430 11,448,341 2,520,584 2,797,911 40,516,307 36,201,965 Administration 4,037,308 3,000,292 3,845,861 2,460,600 1,393,600 14,737,661 2,002,400 Depreciation/amortization 401,366 5,303,226 3,269,809 13,496 595,183 9,583,080 7,550,529 Total operating expenses 26,696,040 19,700,134 24,130,891 13,748,338 10,091,917 94,367,320 69,967,644 Operating income (loss) (743,079) (395,573) 835,331 (1,827,005) (6,436,122) (8,566,448) 4,866,943 Nonoperating revenues (expenses):

Interest income 525,434 1,409,043 2,272,054 513,112 168,931 4,888,574 2,540,153 Net increase (decrease) in cash fair value 115,397 547,152 382,407 108,087 (165,472) 987,571 992,137 Interest expense (2,616,633) (549,860) (3,166,493) (617,657) State transit funding 7,900,880 7,900,880
Legal settlement 172,343 172,343
Gain (loss) on sale of capital assets 1,446 1,446 53,651 Total nonoperating revenue (expense) 640,831 (660,438) 2,276,944 621,199 7,905,785 10,784,321 2,968,284 Income (loss) before contributions and transfers (102,248) (1,056,011) 3,112,275 (1,205,806) 1,469,663 2,217,873 7,835,227 Capital contributions 1,181,405 1,588,435 2,769,840 121,417 Transfers in 150,000 1,700,000 370,000 2,220,000 3,580,000 Changes in net position 47,752 125,394 6,400,710 (835,806) 1,469,663 7,207,713 11,536,644 Total net position-beginning 33,824,028 97,557,230 164,546,934 1,988,406 (2,786,612) 141,761,186 Total net position-ending 33,871,780$ 97,682,624$ 170,947,644$ 1,152,600$ (1,316,949)$ 153,297,830$ Adjustment to reflect the consolidation of internal service fund activities related to enterprise funds. 2,146,808 Change in net
position of business-type activities (page 31) 9,354,521$ The notes to the financial statements are an integral part of this statement.

Major Enterprise Funds
City of Clovis
Statement of Revenues, Expenses, and Changes in Net Position Proprietary Funds
For the Year Ended June 30, 2024
38 121
AGENDA ITEM NO. 7.
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39 122
AGENDA ITEM NO. 7.

Business-Type Activities-Enterprise Funds
Governmental
Planning & Activities-
Community Sewer Development Internal
Sanitation Disposal Wate r Services Transit Totals Service Funds Receipts from customers and users 25,790,331 $ 19,179,425 $ 24,112,082 $ 12,285,064 $ 1,561,823 $ 82,928,725 $ Receipts for interfund services 72,390,937$
Payments to suppliers (17,674,919) (12,635,012) (15,904,139) (4,593,956) (4,234,442) (55,042,468) (37,872,091) Payments to employees (7,617,101) (1,964,446) (4,527,616) (8,254,217) (5,047,222) (27,410,602) (23,771,927) Other revenues 259,772 152,429 534,483 87,609 3,542,450 4,576,743 2,252,606 Net cash provided by (used in) operating activities 758,083 4,732,396 4,214,810 (475,500) (4,177,391) 5,052,398 12,999,525 Transfers-in from other funds 150,000 1,700,000 370,000 2,220,000 3,580,000 Repayment of advances to other funds 750,000 750,000 Transportation funding-State 7,900,880 7,900,880
Net cash provided by (used in) noncapital financing activities 150,000 0 2,450,000 370,000 7,900,880 10,870,880 3,580,000 Acquisition and construction of capital assets (1,033,214) (3,057,890) (4,199,648) (2,266,988) (10,557,740) (14,649,137) Principal paid on loans, bonds, and capital leases (4,342,535) (3,032,487) (103,784) (7,478,806) (1,321,038) Interest paid on loans, bonds and capital leases (2,616,633) (549,860) (3,166,493) (617,657) Principal paid on advances from other funds 0 (750,000) Proceeds from sale of capital assets 2,346 2,346 76,802 Net cash by (used in) capital and related financing activities (1,033,214) (10,017,058) (7,781,995) 0 (2,368,426) (21,200,693) (16,129,430) Interest and dividends on investments 525,434 1,409,042 2,272,054 513,113 168,934 4,888,577 2,540,155 Increase/(decrease) in fair value of investments 115,397 547,152 382,407 108,087 (165,472) 987,571 992,137 Net cash provided by (used in) investing activities 640,831 1,956,194 2,654,461 621,200 3,462 5,876,148 3,532,292 Net change in cash and cash equivalents 515,700 (3,328,468) 1,537,276 515,700 1,358,525 598,733 3,982,387 Cash and cash equivalents-beginning of year 15,423,224 44,233,183 58,809,839 15,918,587 7,857,375 142,242,208 81,053,867 Cash and cash equivalents-end of year 15,938,924$ 40,904,715 $ 60,347,115 $ 16,434,287 $ 9,215,900 $ 142,840,941$ 85,036,254 $

CASH FLOW FROM OPERATING ACTIVITIES

CASH FLOWS FROM NONCAPITAL FINANCING ACTIVITIES

CASH FLOWS FROM CAPITAL AND RELATED FINANCING ACTIVITIES

CASH FLOWS FROM INVESTING ACTIVITIES
Major Enterprise Funds
City of Clovis
Statement of Cash Flows
Proprietary Funds
For the Year Ended June 30, 2024
40 123
AGENDA ITEM NO. 7.

Reconciliation of operating income (loss) to net cash provided by (used in) operating activities:

Operating income (loss) (743,079) $ (395,573) $ 835,331 $ (1,827,005)$ (6,436,122) $ (8,566,448) $ 4,866,943 $ Adjustments to reconcile operating income (loss)
to net cash provided (used) by operating activities:

Depreciation/amortization expense 401,366 5,303,226 3,269,809 13,496 595,183 9,583,080 7,550,529 Landfill closure expense 354,700 354,700
Legal settlement 172,343 172,343
(Increase)/decrease in accounts receivable (150,145) 67,834 (354,579) (21,434) (104,296) (562,620) (16,050) (Increase)/decrease in due from other governments (29,369) (10,029) (76,158) 506,697 (120,674) 270,467 457,769 (Increase)/decrease in inventories 0 (10,000)
(Increase)/decrease in deferred outflows - pension 318,874 65,139 216,369 347,748 191,330 1,139,460 320,368 (Increase)/decrease in prepaid items 0 187,379
Increase/(decrease) in accounts payable 286,330 (164,292) 16,816 170,914 (42,932) 266,836 (635,101) Increase/(decrease) in due to other governments 6,027 6,027 Increase/(decrease) in accrued compensated absences (65,254) 10,478 24,428 1,855 (393) (28,886) 10,819 Increase/(decrease) in unearned revenue 276,656 (33,925) 1,667,422 1,910,153 (574,308) Increase/(decrease) in claims and judgments payable 0 790,000 Increase/(decrease) in deposits 400 (626,752) 216,316 (410,036) Increase/(decrease) in net pension liability 184,616 45,212 136,361 257,072 115,059 738,320 188,094 Increase/(decrease) in deferred inflows - lease (30,510) (61,264) (91,774) (58,457) Increase/(decrease) in deferred inflows - bond refunding (140,229) 718,987 578,758 0 Increase/(decrease) in deferred inflows - pension (77,012) (18,860) (56,881) (107,234) (47,995) (307,982) (78,460) Total adjustments 1,501,162 5,127,969 3,379,479 1,351,505 2,258,731 13,618,846 8,132,582 Net cash provided by (used in) operating activities 758,083$ 4,732,396 $ 4,214,810 $ (475,500) $ (4,177,391)$ 5,052,398 $ 12,999,525 $ Noncash investing, capital, and financing activities:

During the year the Sewer Disposal Fund, an enterprise fund, received $1,181,405 in donated assets.

During the year the Water Fund, an enterprise fund, received $1,588,435 in donated assets.

The notes to the financial statements are an integral part of this statement. 41 124
AGENDA ITEM NO. 7.

Redevelopment
Successor
Agency Private-
Purpose Trust
Fund
Custodial
Funds
ASSETS
Cash and investments 1,009,565$ 150,934$
Cash with agent-restricted 1,059,951
Receivables 427 2,337
Prepaid items 129,730
Capital assets (net of accumulated depreciation) 10,594,032 Total assets 12,793,705 153,271

LIABILITIES
Accounts payable 164,954
Deposits and other liabilities 474
Tax allocation bonds payable 8,515,753
Total liabilities 8,680,707 474

NET POSITION
Restricted for:

Held in trust for Redevelopment Successor Agency Fund 4,112,998 Individuals, organizations, and other governments 152,797 Total net position 4,112,998$ 152,797$
The notes to the financial statements are an integral part of this statement.

City of Clovis
Statement of Fiduciary Net Position
Fiduciary Funds
June 30, 2024
42 125
AGENDA ITEM NO. 7.

Redevelopment
Successor
Agency Private-
Purpose Trust
Fund
Custodial
Funds

ADDITIONS
Property taxes 1,437,439$
Special assessment tax 75,463$
Interest (12,383) 5,386
Total additions 1,425,056 80,849

DEDUCTIONS
10,000
10,000
75,563
429,860
Services, materials and supplies
Administration
Depreciation
Interest and other fiscal charges
Community development
113,700
Total deductions 525,423 113,700
Net increase (decrease) in fiduciary net position 899,633 (32,851) Net position-beginning 3,213,365 185,648
Net position-ending 4,112,998$ 152,797$
The notes to the financial statements are an integral part of this statement.

City of Clovis
Statement of Changes in Fiduciary Net Position
For the Year Ended June 30, 2024
43 126
AGENDA ITEM NO. 7.

CITY OF CLOVIS
Notes to Financial Statements
For the Year Ended June 30, 2024

I. Summar
y of significant accounting policies
A. Repo
rting entity
The City of Clovis, California (City) was incorporated on February 27, 1912 as a general law city of the State of California, and as such can exercise the powers specified by the constitution and laws of the State of California.

The City is governed by an elected five-member City Council under the administration of an appointed City Manager. The accompanying financial statements present the government and its component units, entities for which the government is considered to be financially accountable. Blended components units, although legally separate entities, are, in substance, part of the government’s operations.

1. Blended c
omponent units
Although the following are legally separate from the City, they have been “blended” as though they are part of the City because the component unit’s governing body is substantially the same as the City’s and there is a financial benefit or burden relationship between the Ci ty and the component unit; management of the City has operational responsibilities for the component unit; and/or the component units provide services entirely, or almost entirely, to the City or otherwise exclusively, or almost exclusively, benefits the City, even though it does not provide services directly.

The Clovis Municipal Development Corporation (Corporation) was established by the Clovis City Council in January 1985 to handle the City’s and the Clovis Communi ty Development Agency’s development of property.

There were no assets, liabilities, equity or activity to report for the current or prior fiscal years.

The Clovis Public Financing Authority (Authority) was es tablished by the Clovis City Council in July 1991 to facilitate the issuance of the City’s debt. There were no assets, liabilities, equity or other activity to report for the current or prior fiscal years.

2. Fiduciary activities
The Cit
y presents its fiduciary activity information for as sessing its accountability and financial reporting of the City in their role as fiduciaries. The definition of a “f iduciary” is a person or organization that acts on behalf of another person or persons to manage assets. Fiduciary resp onsibility refers to the obligation that one party has in relationship with another one to act entirely on the other party’s behalf and best interest. It is considered to be the standard of highest care.

B. Gover
nment-wide and fund financial statements
The go
vernment-wide financial statements (i.e., the stat ement of net position and the statement of activities) report information on all of the non-fiduciary activities of the primary government and its components units. The effects of interfund activity have been removed from these statements. Governmental activities, which normally are supported by taxes and intergovernmental revenues, are reported separately from business-type activities, which rely to a significant extent on fees and charges for support.

The statement of activities demonstrates the degree to which the direct expenses of a given function or segment are offset by program revenues. Direct expenses are those that are clearly identifiable with a specific function of a segment. Program revenues include 1) charges to cust omers or applicants who purchase, use, or directly benefit from goods, services, or privileges provided by a given function or segment and 2) grants and contributions that are restricted to meeting the operational or capital requirements of a particular function or segment. Taxes and other items not properly included am ong program revenues are reported instead as general revenues.
44 127
AGENDA ITEM NO. 7.

CITY OF CLOVIS
Notes to Financial Statements
For the Year Ended June 30, 2024

Separate fina
ncial statements are provided for governmental funds, proprietary funds, and fiduciary funds, even though the latter are excluded from the government-wide fi nancial statements. Major individual governmental funds and major individual enterprise funds are reported as separate columns in the fund financial statements.

C. Measur
ement focus, basis of accounting, and financial statement presentation The basic financial statements of the City have been p repared in conformity with accounting principles generally accepted of the United Stat es of America (U.S. GAAP) as ap plied to governmental agencies. The Governmental Accounting Standards Board (GASB) is the accepted st andard setting body for establishing governmental accounting and financial reporting.

The government-wide, proprietary fund, and fiduciary fund financial statements are reported using the “economic resources” measurement focus and the accrual basis of accounting. Revenues are recorded when earned and expenses are recorded when a liability is incurr ed, regardless of the timing of related cash flows.

Property taxes are recognized as revenue in the year fo r which they are levied. Grants and similar items are recognized as revenue as soon as all eligibility requirement imposed by the provider have been met.

Governmental fund financial statements are reported using the “current financial resources” measurement focus and the modified accrual basis of accounting. Revenues are recognized when they have been earned and they are both measurable and available. Revenues are consider ed to be available when they are collectible within the current period or soon enough thereafter to pay liabilit ies of the current period. For this purpose, the City considers revenues to be available if they are collected within 60 days of the end of the current fiscal period.

Expenditures generally are recorded when a liability is incurred, as under accrual accounting. However, debt service principal and interest expenditures on general long -term debt, including lease liabilities, as well as expenditures related to compensated absences, and claims and judgments, postemployment benefits and environmental obligations are recognized later based on sp ecific accounting rules applicable to each, generally when payment is due. General capital asset acquisitions , including entering into contracts giving the City the right to use lease assets, are reported as expenditures in governmental funds. Issuance of long -term debt and financing through leases are reported as other financing sources.

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

All other revenue items are considered to be measurable and available only when cash is received by the government.

The City reports the following major governmental funds:

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

The local transportation fund accounts for the City's share of Transportation Development Act (SB 325) funds allocated by the State that are restricted to expenditures for capital street improvements and maintenance and for the deposits by developers for special street improvement projects.

The City reports the following major proprietary funds:

The community sanitation fund accounts for the activi ties of the City’s refuse collection and disposal operations, landfill operations and street sweeping operations.

The sewer disposal fund accounts for the activities of the City’s sanitary sewer system operations.

The water fund accounts for the activities of the City’s water production and distribution operations.

The planning and development services fund accounts for the activities of the City’s engineering operations.
45 128
AGENDA ITEM NO. 7.

CITY OF CLOVIS
Notes to Financial Statements
For the Year Ended June 30, 2024

The tran
sit fund accounts for the activities of the City’s transit operations.

Additionally, the City reports the following fund types:

Internal service funds account for general liability and property damage insurance, fleet management services, retirement, workers’ compensation, and health, unemployment and Medicare insurance, facility maintenance and enhancement, telecommunication and information technology, and other general services provided to other departments or agencies of the City on cost reimbursement bases.

Custodial funds account for assets held by the Ci ty for, certain special assessments collected and distributed on behalf of the districts.

Private-purpose trust funds are used to account for the assets of the former Clovis Community Development Agency during the wind down period.

As a general rule the effect of interfund activity has been eliminated from the government-wide financial statements. The exception to this general rule is payments-in-lieu of taxes. Eliminat ion of these charges would distort the direct costs and program revenues reported for the various functions concerned.

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

Proprietary funds distinguish operating revenues and expenses from non-operating items. Operating revenues and expenses generally result from providing services and producing and delivering goods in connection with the proprietary fund's principal ongoing operations. The principal operating revenues of the community sanitation enterprise fund, of the se wer enterprise fund, of the water enterprise fund and of the City's internal service funds are charges to customers for sales and services. The sewer enterprise fund and the water enterprise fund also recognize as operating revenue the portion of developer fees intended to recover the cost of connecting new customers to the system. Operati ng expenses for enterprise funds and internal service funds include the cost of sales and services, administrative expenses and depreciat ion on capital assets: All revenues and expenses not meeting this definition are reported as non-operating revenues and expenses.

When both restricted and unrestricted resources are avail able for use, it is the government's policy to use restricted resources first, then unrestricted resources as they are needed.

D. Assets, liabilities, deferred outflows/inflows,
and net position/fund balance

1. Cash an
d investments
The City maintains a cash and investment pool that is available for use by all funds. This pool utilizes investments authorized by the Governm ent Code and is further defined by the City's investment policy that is reviewed annually by the City Council.

Highly liquid market investments with maturities of 1 year or less at the time of purchase are stated at amortized cost. All other investments are stated at fair value. Market value is used as fair value for the securities for which market quotations are readily available.

Authorized investments include deposits in the State of California administered Local Agency Investment Fund, insured certificates of deposits, coll ateralized certificates of deposits, commercial paper, bankers acceptances, medium term notes, money market mutual funds and securities backed by the U.S. Government. All investments are stated at fair value.
46 129
AGENDA ITEM NO. 7.

CITY OF CLOVIS
Notes to Financial Statements
For the Year Ended June 30, 2024

Interest in
come earned as a result of pooling is distributed to the appropriate funds based on month end cash balances in each fund. Interest income from ca sh and investments with fiscal agents and deferred compensation is credited directly to the related fund.

For purposes of the statement of cash flows, the City considers short term and highly liquid investments (including restricted assets) to be cash and cash equivalents.

The City invests its excess cash principally in U.S. Government Securities, U.S. Treasuries and the State of California Local Agency Investment Fund (LAIF). Invest ments in the LAIF are available for withdrawal on demand.

The City is also required to deposit funds with fiscal agents under the provisions of Revenue Bonds, Contracts and/or Lease Agreements. These funds are invested by the fiscal agent in instruments generally more restrictive than the City's investment policy.

U.S. GAAP defines fair values, est ablishes a framework for measuring fa ir value and estab lishes disclosures about fair value measurement. Investments, unless otherwise specified, recorded fair value in the Statement of Net Position/Balance Sheet, are categorized based upon the level of judgment associated with the inputs used to measure their fair value. Levels of inputs are as follows:

Level 1 – Inputs are unadjusted, quoted prices for i dentical assets and liabilities in active markets at the measurement date.

Level 2 – Inputs, other than quoted pr ices included in Level 1, that are observable for the assets or liabilities through corroboration with market data at the measurement date.

Level 3 – Unobservable inputs that reflect management’s best estimate of what market participants would use in pricing the assets or liabilities at the measurement date.

2. Receivables
Billed but un
paid services provided to individuals or non- governmental entities are re corded as "receivables." Services provided to other governmental entities are recorded as "due from other governments." The City's utility enterprise funds include an estimated amount for services rendered but not yet billed as of June 30, 2024, determined by prorating the July 2024 bi-monthly billing.

The City has not experienced any material write-off of receivables; and therefore, an "allowance for bad debts" is not included on the City's balance sheet or statement of net position.

3. Interfun
d receivables/payables
Duri
ng the course of operations, interfund receivables and payables transactions arise. These receivables and payables are classified as "due from other funds" or "due to other funds" on the fund financial statements. On the government-wide statement of net position, the "internal balances" represents the amounts receivable/payable between business-type activities and governmental activities. All other interfund transactions have been eliminated on the statement of net position.

4. Inventorie
s
Inventories, consisting of fuel and vehicle parts, are valued at cost.

5. Capital as
sets/intangible assets
Capital assets, which include property, plant, equipment, ri ght to use and infrastructure assets (roadways), are reported in the applicable governmental or business-type activities columns in the government-wide financial 47 130
AGENDA ITEM NO. 7.

CITY OF CLOVIS
Notes to Financial Statements
For the Year Ended June 30, 2024

statement
s. Capital assets are defined by the City as assets with an initial, individual cost of more than $10,000, and an estimated useful life of at least three years. Such assets are recorded at historical cost or estimated historical cost if purchased or constructed. Donated a ssets are recorded at estimated acquisition value at the date donated. Intangible assets are valued at historical cost.

The cost of normal maintenance and repairs that do not add to the value of the asset or materially extend assets lives are not capitalized. Intangible assets include the purchase of sewer capacity ri ghts and water entitlement rights. The City purchased sewer capacity rights from the City of Fresno at the Fresno Regional Waste Water Treatment Plant. The total amount of $44,313,638 is reported in the City’s Sewer Disposal Enterprise Fund. The City purchased water entitlement rights from the Fresno I rrigation District for surface water. The total amount of $14,618,786 reported in the City’s Water Enterprise Fund.

Donated assets include developer donated land as well as the improvements on the land including streets, curbs and gutters, sidewalks, street lighting and landscaping. Included in the total amount of capital grants and contributions on the government-wide statement of activities is $29,060,413 of developer donated assets.

Property, plant and equipment of the primary government is depreciated over the estimated useful lives using the straight-line method, half-year convention. Estimated useful lives are as follows:

Distribution Systems 50 years
R
oadways 50
Buildings 20-40
Vehicles 5-20
Right to use 5-35
Other Equipment 3-10
Amortizatio
n of intangibles is computed over 40 years using the straight-line method, half-year convention. As the life of the rights have a life of 40 years.

6. C
ompensated absences
The liability for vested leave (vacation,
compensated time off, holiday) earned but not used in governmental funds is expensed and established as a liability and is reported in the government-wide statement of net position in the governmental activities column. Vested leave of proprietary funds is recorded as an expense and liability of those funds as the benefits accrue. No liability is recorded for non-vesting leave such as sick leave.

7. Long-term liabilities
In the gove
rnment-wide financial statements, and prop rietary fund types in the fund financial statements, long-term liabilities and other long-term obligations are reported as liabilities in the applicable governmental activities, business-type activities, or proprietary f und type statement of net pos ition. Bond premiums and discounts are deferred and amortized over the life of the bonds using the effective interest method. Bonds payable are reported net of the applicable bond premium or discount. Bond issuance costs are expensed when incurred.

In the fund financial statements, governmental fund types recognize bond premiums and discounts, as well as bond issuance costs, during the current period. The face amount of debt issued is reported as other financing sources. Premiums received on debt issuances are repo rted as other financing sources while discounts not withheld from the actual debt proceeds received are reported as debt service expenditures. Discounts withheld from the debt proceeds are reported as other financing uses.

8. Unear
ned Revenue
For the Government-wide Financial Statements, u nearned revenue is recognized in connection with a transaction before the earnings process is completed.
48 131
AGENDA ITEM NO. 7.

CITY OF CLOVIS
Notes to Financial Statements
For the Year Ended June 30, 2024

For the Governm
ental Fund Financial Statements, unea rned revenues arise when potential revenues do not meet both the "measurable" and "available" criteria fo r recognition in the curr ent period. Unearned revenues also arise when the government receives resources before it has a legal claim to them, as when grant monies are received prior to incurring qualifying expenditures. In subsequent periods, when both revenue recognition criteria are met or when the government has a legal claim to the resources, unearned revenues are removed from the balance sheet and revenue is recognized.

9. Pensions
For purposes of measuring the net pension liability, deferred outflows of resources and deferred inflows of resources related to pensions, and pension expense, information about the fiduciary net position of the plans and additions to/deductions from the plans’ fiduciary net position have been determined on the same basis as they are reported by the plans. For this purpose, benefit payments (including refunds of employee contributions) are recognized when due and payable in accordance with benefit terms. Plan investments are reported at fair value.

The following timeframes are used for pension plan reporting:

C
a l P E R S
Val
uation Date June 30, 2022
Meas
urement Date June 30, 2023
Meas
urement Period July 1, 2022 to June 30, 2023
Gains and losses related to changes in total pension liability and fiduciary net position are recognized in pension expense systematically over time. The first amortized amounts are recognized in pension expense for the year the gain or loss occurs. The remaining amounts are categorized as deferred outflows and deferred inflows of resources related to pensions and are to be recognized in future pension expense. The amortization period differs depending on the source of the gain or loss. The difference between projected and actual earnings is amortized straight-line over 5 years. All other amounts are amortized straight-line over the average expected remaining service lives of all members that are provided with benefits (active, inactive, and retired) as of the beginning of the measurement period.

10. Fund bal
ances
In the fund financial statements, go vernmental funds report components of fund balance based on constraints on the specific purposes for which amounts can be sp ent. “Nonspendable” fund balance is not in a spendable form or has a requirement to maintain intact. “Restricted” fund balance has externally enforceable limitations on its use such as restrictions from outside parties such as creditors, grantors, contributors, laws or regulations of other governments or imposed by law through constitutional provisions or enabling legislation. “Committed” fund balance is constrained by limits imposed by the government’s highest level of decision-making and can only be removed or modified by a formal action by that authority . “Assigned” fund balance is limited by City Council, the City Manager or the designated department head as dele gated by City Council. “Unassigned” fund balance is the residual net resources.

The general fund is the only fund that reports a positive unassigned fund balance amount. In other governmental funds, it is not appropriate to report a positive unassigned fund balance amount. However, in governmental funds other t han the general fund, if expenditures incurred for specific purposes exceed the amounts that are restricted, committed or assigned to those purposes, it may be necessary to report a negative unassigned fund balance in that fund.

The City will spend the funds restricted for their purpose within those funds first followed by assigned funds for their intended purposes prior to spending any unassigned fund s. The City Council has established a target of a minimum unassigned fund balance for any operational fund is 10% of the budgeted expenditures with the goal for unassigned fund balance of up to 15% of budgeted ex penditures unless capital borrowing or extraordinary fiscal conditions require higher levels of unassigned fund balance be maintained. 49 132
AGENDA ITEM NO. 7.

CITY OF CLOVIS
Notes to Financial Statements
For the Year Ended June 30, 2024

The local tran
sportation fund is the City’s only major capital project fund. This fund accounts for the capital street projects paid for out of the City's share of Transpor tation Development Act (SB 325) funds allocated by the state, 1/2 cent sales tax for transp ortation, Special Gas Tax Select Street funds, and federal funding sources under the Federal Intermodel Surface Transportation E fficiency Act. In addition, funds are transferred from the Developer Trust Fund as reimbursements are made for developer-financed projects.

11. Net Position
In the gove
rnment-wide financial statements and proprietary fund financial statements, net position is classified as follows:

Net Investment in Capital Assets – This component of net position consists of capital assets, net of accumulated depreciation/amortization, reduced by the outstanding balances of debt, net of deferred refunding, that are attributable to the acquisition, construction, or improvement of those assets.

Restricted – This component of net position consists of restricted assets reduced by liabilities and deferred inflows of resources related to those assets.

Unrestricted – This component of net position is the amount of the assets, deferred outflows of resources, liabilities, and deferred inflows of re sources that are not incl uded in the determination of net investment in capital assets or the restricted component of net position.

When expenses are incurred for purposes for which both restricted and unrestricted components of net position are available, the City’s policy is to apply the restricted component of net position first, then the unrestricted component of net position as needed.

12. Use o
f estimates
The prep
aration of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect certain reported amounts and di sclosures. Accordingly, actual results could differ from those estimates.

13. Deferred outflows/inflows of resources
In addition to
assets, the statement of financial position includes a separate section for deferred outflows of resources. Deferred outflows of resources represent a consumption of net assets that applies to a future period(s) and so will not be recognized as an outflow of resources (expense/expenditure) until then. The City has two items that qualify for reporting in this categor y. It is the deferred charge on refunding reported in the government-wide statement of net position, and deferred amo unts related to pension. The deferred charge on refunding resulted from the difference between the carrying value of refunded debt and its reacquisition price.

This amount is deferred and amortized over the shorte r of the life of the refunded or refunding debt. The deferred amounts related to pension relate differences between estimated and actual investment earnings, changes in actuarial assumptions, and other pension related changes.

14. Lease
s
Lessee: The City has a policy to recognize a le ase liability and a right -to-use lease asset (lease asset) in the government-wide financial statements. The City recognizes leas e liabilities with an initial, individual value of $10,000 or more.

At the commencement of a lease, the Ci ty initially measures the lease liab ility at the present value of payments expected to be made during the lease term. Subsequently, the lease liability is reduced by the principal portion of lease payments made. The lease asset is initially me asured as the initial amount of the lease liability, adjusted for lease payments made at or before the lease commencement date, plus certain initial direct costs.

Subsequently, the lease asset is amortized on a straight-line basis over its useful life. 50 133
AGENDA ITEM NO. 7.

CITY OF CLOVIS
Notes to Financial Statements
For the Year Ended June 30, 2024

Key e
stimates and judgments related to leases include ho w the City determines (1) the discount rate it uses to discount the expected lease payments to present value, (2) lease term, and (3) lease payments.  The City uses the interest rate charged by the le ssor as the discount rate. When the intere st rate cha
rged by the lessor is not provided, the City generally uses its estimated incremental borrowing rate as the discount rate for leases.

The lease term includes the noncancellable period of the lease. Lease payments included in the measurement of the lease liability are composed of fixed payments and purchase option pric e that the City is
reasonably certain to exercise.

The City monitors changes in circumstances that would require a remeasurement of its lease and will remeasure any lease asset and liability if certain changes occur that are expected to significantly affect the amount of the lease liability.

Lease assets are reported as right to use along with other capital assets and lease li abilities are reported with long-term debt on the statement of net position.

Lessor: The City is a lessor for a leases of a building and land at four locations. The City recognizes a lease receivable and a deferred inflows of resources in both the government-wide and fund financial statements.

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

Key estimates and judgments include how the City determines (1) the discount rate it uses to discount the expected lease receipts to present value, (2) lease term, and (3) lease receipts.  The City uses its estimated incremental borrowing rate as the discount rate for leases.  The lease term includes the noncancellable period of the lease. Lease receipts incl uded in the
measurement
of the lease receivable is composed of fixed payments from the lessee.

The City monitors changes in circumstances that w ould require a remeasurement of its lease, and will remeasure the lease receivable and deferred inflows of resources if certain changes occur that are expected to significantly affect the amount of the lease receivable.

15. Subscrip
tion Based Information Technology Arrangements (SBITA)
The Cit
y has a policy to recognize a subscription liability and a right -to-use subscription asset (subscription asset) in the government -wide financial statements and proprietary fund financial statements. The City recognizes subscription liabilities with an initial, individual value of $10,000 or more with a subscription term greater than one year. Variable payments based on future performance of the City, usage of the underlying IT asset, or number of user seats are not included in the measurement of the subscription liability, rather, those variable payments are recognized as ou tflows of resources (expenses) in the period the obligation for those payments is incurred.

At the commencement of a SBITA, the City initially measures the subscription liability at the present value of payments expected to be made during the subscription term . Subsequently, the subscription liability is reduced by the principal portion of subscription payments made.

Subscription assets are recorded at the amount of the initial measurement of the subscription liabilities, less any payments made to the SBITA vendor before the commencement of the subscription term, and capitalizable initial implementation cost, less any incentives received from the SBITA vendor at or before the commencement of the subscription term.
51 134
AGENDA ITEM NO. 7.

CITY OF CLOVIS
Notes to Financial Statements
For the Year Ended June 30, 2024

Co
sts associated with a SBITA, other than the subscription payments, are accounted for as follows:
 Preliminary Project Stage: Outlays are expensed as incurred.  Initial Implementation Stage: Outlays are capitalized as an addition to the subscription asset.  Operation and Additional Implementation Stage: Outlays are expensed as incurred unless they meet specific capitalization criteria.

Upon adoption, the City elected to exclude the capitalizab le outlays associated with the initial implementation stage and the operation and additional implementation stage t hat were incurred prior to the implementation of this Statement in the measurement of subscription assets as of July 1, 2022.

Subscription assets are reported in capital assets and subscription liab ilities are reported with long-term liabilities on the statement of net position.

Subscription assets are amortized using the straight-line method over the shor ter of the subscription term or the useful life of the underlying IT asset, unless the subscription contains a purchase option that the City has determined is reasonably certain of being exercised. In this case, the subs cription asset is amortized over the useful life of the underlying IT asset.

Key estimates and judgments related to SBITA include how the City determines (1) the discount rate it uses to discount the expected subscription payments to pres ent value, (2) subscription term, and (3) subscription payments.
 The City uses the interest rate charged by the SBI TA vendor as the discount rate. When the intere st rate ch
arged by the SBITA vendor is not provided, the City generally uses its estimated increme ntal borro
wing rate as the discount rate for SBITA.

The subscription term includes the noncancellable period of the SBITA. Subscription payments included in the mea
surement of the subscription liabilit y are composed of fixed payments and purchase option price that the City is reasonably certain to exercise.

The City mon
itors changes in circumstances that would require a remeasurement of its subscription liability and will remeasure if certain changes occur that are expected to significantly affect the amount of the subscription liability.

16. Imple
mentation of New GASB Pronouncements
The requi
rements of the following ac counting standards are effective for the purpose of implementation, if applicable to the City, for the year ended June 30, 2024. The financial statements included herein apply the requirements and provisions of these statements, in cluding necessary retroactive adjustments to financial statement classifications and presentations.

Implementation of New GASB Pronouncements for the Year Ended June 30, 2024:

GASB Statement No. 100
In June 2022,
GASB issued Statement No. 100, Accounting Changes and Error Corrections – an Amendment of GASB Statement No. 62. The primary objective of th is Statement is to enhance accounting and financial reporting requirements for accounting changes and error co rrections to provide more understandable, reliable, relevant, consistent, and comparable information for making decisions or assessing accountability. Application of this statement is effective for The City’s fiscal year ending June 30, 2024. 52 135
AGENDA ITEM NO. 7.

CITY OF CLOVIS
Notes to Financial Statements
For the Year Ended June 30, 2024

Upcoming Governmental Accounting Standards Implementation:

GASB Statement No. 101

In June 2022, GASB issued Statement No. 101, Compensated Absences. The obj ective of this Statement is to better meet the information needs of financial statem ent users by updating the recognition and measurement guidance for compensated absences. That objective is achieved by aligning the recognition and measurement guidance under a unified model and by amending certain prev iously required disclosures. Application of this statement is effective for The City’s fiscal year ending June 30, 2025.

GASB Statement No. 102

In December 2023, GASB issued Statement No. 102, Certain Risk Disclosures. The objective of this Statement is to provide users of government financial statements with essential information about risks related to a government's vulnerabilities due to certain concentrations or constraint s which may limit a government's ability to acquire resources or control spending. Application of this statement is effective for the City’s fiscal year ending June 30, 2025.

GASB Statement No. 103

In December 2023, GASB issued Statement No. Financial Reporting Model Improvements. The objective of this Statement is to improve key components of the financial reporting model to enhance its effectiveness in providing information that is essential for decision maki ng and assessing a government’s accountability.

Application of this statement is effective for the City’s fiscal year ending June 30, 2026.

53 136
AGENDA ITEM NO. 7.

CITY OF CLOVIS
Notes to Financial Statements
For the Year Ended June 30, 2024

II. Reconciliation of government-wide and fund financial statements

A. Explanation of certain differences between the governmental fund balance sheet and the government-wide statement of net position

The governmental fund balance sheet includes a reconciliation between fund balance-total governmental funds and net position-governmental activities as reported in the government-wid e statement of net position. One element of that reconciliati on explains that “long-term liabilities, including bonds payable, are not due and payable in the current period and therefore are not reporte d in the funds.” T he details of this ($103,526,900)
difference are as follows:

Pension related items of $99,289,432
(net of $7,811,082 reported in Internal Service Funds) 98,227,696 $ Accrued compensated absences of $5,606,190
(net of $329,078 reported in Internal Service Funds) 5,277,112 Accrued SBITA of $1,102,730
(net of $1,080,638 reported in Internal Service Funds) 22,092 Net adjustment to reduce fund balance-total governmental funds to arrive at net position-governmental activities 103,526,900$

B. Explanation of certain differences between the governmental fund statement of revenues, expenditures, and changes in fund balances and the government-wide statement of activities

The governmental fund statement of revenues, expenditures, and changes in fund balances includes a reconciliation between net changes in fund balances-total governmental funds and changes in net position of governmental activities as reported in the government-wide statement of activities. One element of that reconciliation explains “Governmental funds report capital outlays as expenditures. However, in the statement of activities the cost of those assets is allocated over their estimated useful lives and reported as depreciation expense.”

The details of this $5,030,846 difference are as follows:

Capital Outlay 19,083,552$
Depreciation/amortization expense (net of $7,550,529 reported in Internal Service Funds) (14,052,706) Net adjustment to decrease net changes in fund balance-total governmental funds to arrive at changes in net position-governmental activities 5,030,846$

Another element of that reconciliation states that “The net effect of various miscellaneous transactions involving capital assets (i.e., sales, trade-ins, and donations) is to increase net position.” Donated capital assets increase net position in the statement of activities, but do not appear in the governmental funds because they are not financial resources.

The details of this $19,083,552 difference are as follows:

General government capital asset additions 60,023,261$
Internal service fund capital asset additions (14,649,137) Donated capital asset additions (26,290,572)
Net capital outlay 19,083,552$

54 137
AGENDA ITEM NO. 7.

CITY OF CLOVIS
Notes to Financial Statements
For the Year Ended June 30, 2024

Another
element of that reconciliation states that “Some expenses reported in the st atement of activities do not require the use of current financial resources and theref ore are not reported as expenditures in governmental funds.” The details of this $5,078,198 difference are as follows:

Pension related items (Net of $430,003 reported in Internal Service Funds) 5,058,172$ Compensated absences (Net of $10,819 reported in Internal (2,066) SBITA related items (Net of $1,080,638 reported in Internal 22,092 Service Funds)
Net adjustment to decrease net changes in fund balance-total governmental funds to arrive at changes in net position-governmental activities 5,078,198$ III. Stewardship, compliance, and accountability
A. Budg
etary information
Annual b
udgets are adopted on a basis consistent with generally accepted accounting principles for all governmental funds. All annual appropriations lapse at fiscal year-end.

On or before the second week of March of each ye ar, all departments of the City submit request for appropriations to the City Manager so that a budget ma y be prepared. On or before the third Monday in May, the proposed budget is presented to the City council fo r review. The council holds public hearings and a final budget must be adopted no later than June 30.

The appropriated budget is prepared by fund and depa rtment. The City Manager may make transfers of appropriations between departments within a specific fund of up to $5,000 and up to $2,500 from any established reserves. Transfers in exce ss of those amounts require council ac tion. No action is required at any level lower than the department level. The legal level of budgetary control is the department level. During the year, supplementary appropriations approved by the council were necessary for some departments.

B. Defi
cit fund equity
Government-Wide Financial Statements
At June 30, 2024, deficit unrestricted net position was reported for governm ental activities in the amount of $(30,000,695). The deficit is the result of reporting net pension liabil ities of $141,586,813 in the government-wide financial statements. City management believes the pres ent cash aggregate position of the General Fund is adequate to meet current needs.

Proprietary Funds
The Transit Fund has a deficit net position of $(1,316,949) as of June 30, 2024. The deficit is the result of reporting net pension liabilities of $6,090,234 in the proprietary fund financial s tatements. City management believes the present cash aggregate position of the Transit Fund is adequate to meet current needs. 55 138
AGENDA ITEM NO. 7.

CITY OF CLOVIS
Notes to Financial Statements
For the Year Ended June 30, 2024

IV. Detailed notes on all funds

A. Cash and investments

Cash and investments as of June 30, 2024 are classified in the accompanying financial statements as follows:

Primary Government:

Cash and investments 345,923,060$
Cash and investments - restricted 227,340
Fiduciary funds:

Cash and investments 1,160,499
Cash and investments with agent - restricted 1,059,951
Total cash and investments 348,370,850$

Fair value of cash and investments based on quoted market prices . The City categorizes its fair value measurements within the fair value hierarchy establishe d by GASB Statement No. 72 Fair Value Measurement and Application. This hierarchy recognizes three tiers, outlined as follows:

 Level 1: Investments reflect prices quoted in active markets;  Level 2: Investments reflect prices that are base d on a similar observable asset either directly or indirectly, which may include inputs in markets that are not considered to be active; and,  Level 3: Investments reflect pric es based upon unobservable sources.

The table below presents the fair value measurem ents of investments recogn ized in the accompanying statements of net position at June 30, 2024:

Fair Measurement
Value Input
Cash on hand 8,085 $ N/A
Deposit with financial institution 8,700,734
Investments:

Money Market Funds 31,626,776 N/A
Certificates of Deposit 32,250,000 N/A
Municipal Securities 57,393,714 N/A
Corporate Securities 29,748,493 N/A
U.S. Agency Securities 130,043,090 Level 2
Local Agency Investment Fund (LAIF) 57,312,667 N/A Held by Bond Trustee:

Money Market Funds 1,287,291 N/A
Total 348,370,850 $

Investment securities classified in Level 2 of the fair value hierarchy are valued using prices determined by the use of matrix pricing techniques maintained by the pricing vendors for these securities. Matrix pricing is used to value securities based on the securities’ relationship to benchmark quoted prices.

Investments Authorized by the California Govern ment Code and the City’s Investment Policy. The table below identifies the investment types that are authorized for the City of Clovis by the California Government Code (or the City of Clovis investment policy, where more restrictive). The table also identifies certain provisions of the California Government Code (or the City of Clovis Inve stment Policy, where more restrictive) that address interest rate risk, credit risk and concentration of cr edit risk. This table does not address investments of debt 56 139
AGENDA ITEM NO. 7.

CITY OF CLOVIS
Notes to Financial Statements
For the Year Ended June 30, 2024

proceeds held by bond trustee that are governed by the provisions of debt agreement s of the City of Clovis, rather than the general provisions of the California Government Code or the City of Clovis’ investment policy.

Maximum Maximum
Percentage Investment
Maximum of Portfolio or One Issuer
Authorized Investment Type Maturity or Amount* or Amount U.S. Treasury Obligations 3 years None None
U.S. Agency Securities 3 years None None
Bankers Acceptances 180 days 30% 30%
Commercial Paper 270 days 15% 10%
Negotiable Certificates of Deposit 3 years 30% Legal Limit Repurchase Agreements 1 year None None
Medium-Term Notes 3 years 30% None
Qualified Mutual Funds N/A $2,000,000 $2,000,000
Money Market Accounts N/A $10,000,000 $10,000,000
Local Agency Investment Fund (LAIF) N/A None None
* Excluding amounts held by bond trustee that are not subject to California Government Code restrictions.

Investments Authorized by Debt Agreements. Investment of debt proceeds held by bond trustee are governed by provisions of the debt agreements, rather than the general provisions of the California Government Code or the City’s investment policy. The table below identifies the investment ty pes that are authorized for investments held by bond trustee. The table also identifies certain pr ovisions of these debt agreements that address interest rate risk, credit risk, and concentration of credit risk.

Disclosures Relating to Interest Rate Risk. Interest rate risk is the risk that changes in market interest rates will adversely affect the fair value of an investment. Generally , the longer the maturity of an investment, the greater the sensitivity of its fair value to changes in market in terest rates. One of the ways that the City manages its exposure to interest rate risk is by purchasing a combination of shorter term and longer term investments and by timing cash flows from maturities so that a portion of the portfolio is maturing or coming close to maturity evenly over time as necessary to provide the cash flow a nd liquidity needed for operations. The City monitors the interest rate risk inherent in its por tfolio by measuring the weighted average maturity of its portfolio. The City investment policy states that no investment can have a maturity in excess of three years unless approved by the City Manager.

Maximum Maximum
Maximum Percentage Investment
Authorized Investment Type Maturity of Portfolio or One Issuer U.S. Treasury Obligations 5 years None None
U.S. Agency Securities 5 years None None
Bankers Acceptances 180 days 30% 30%
Commercial Paper 270 days 15% 10%
Qualified Mutual Funds N/A None None
Money Market Accounts N/A None None
Local Agency Investment Fund (LAIF) N/A None None

Investments with Fair Values Highly Sensitive to Interest Rate Fluctuations. The City’s investments do not include any investments that are highly sensitive to interest rate fluctuatio ns (to a greater degree than already indicated in the information provided above).

Disclosures Relating to Credit Risk. Generally, credit risk is the risk that an issuer of an investment will not fulfill its obligation to the holder of the in vestment. This is measured by the assignment of a rating by a nationally recognized statistical rating organization. Presented below is the minimum rating required by (where applicable) 57 140
AGENDA ITEM NO. 7.

CITY OF CLOVIS
Notes to Financial Statements
For the Year Ended June 30, 2024

the California Government Code, the City’s investment po licy, or debt agreements, and the actual rating as of year-end for each investment type.

Weighted Average
Investment Type Amount Maturity (in years)
Money Market Funds 31,626,776 $ N/A
Municipal Securities 57,393,714 2.91
Certificates of Deposit 32,250,000 1.69
Corporate Securities 29,748,493 4.69
U.S. Agency Securities 130,043,090 2.52
Local Agency Investment Fund (LAIF) 57,312,667 N/A Held by Bond Trustee:

Money Market Funds 1,287,291 N/A
Total 339,662,031 $

Concentration of Credit Risk. The investment policy of the City contains no limitations on the amount that can be invested in any one issuer beyond that stipulated by the California Govern ment Code. Investments in any one issuer (other than U.S. Treas ury securities and external investment pools) that represent 5% or more of total City of Clovis’ investments are as follows:

Reported Percent of
Issuer Investment Type Amount Total Invested
Federal Farm Credit Banks Federal Agency Securities 31,700,000 $ 21.26% Federal Home Loan Mortgage Co. Federal Agency Securities 6,000,000 4.03% Federal Home Loan Banks Federal Agency Securities 96,330,000 64.64% Federal National Mortgage Assoc. Federal Agency Securities 6,000,000 4.03% Federal Agricultural Mort. Corp. Federal Agency Securities 9,000,000 6.04% 149,030,000$

Custodial Credit Risk. Custodial credit risk for deposits is the risk that, in the event of the failure of a depository financial institution, a government will not be able to recove r its deposits or will not be able to recover collateral securities that are in the possession of an outside party. T he custodial credit risk for investments is the risk that, in the event of the failure of the brok er or dealer to a transa ction, a government will not be able to recover the value of its investments or collateral securities that are in the possession of another party. The California Government Code and the City’s investment policy do not contain legal or policy requi rements that would limit the exposure to custodial credit risk for deposits or inve stments, other than the following provisions for deposits:

The California Government Code requires that a financial institution secure deposits made by state or local government units by pledging securities in an undivided collateral pool held by a depository regulated under state law (unless so waived by the governmental unit) . The market value of the pledged securities in the collateral pool must equal at least 110% of the total amount deposited by the public agencies. California law also allows financial institutions to secure City deposits by pledging first trust deed mortgage notes having a value of 150% of the secured public deposits.

As of June 30, 2024, no City’s deposits with financial institutions in excess of federal depository insurance limits were held in uncollateralized accounts. In addition, as of June 30, 2024, no investments were held by the same broker dealer (counterparty) that was used by the City to purchase the securities.

58 141
AGENDA ITEM NO. 7.

CITY OF CLOVIS
Notes to Financial Statements
For the Year Ended June 30, 2024

Investment in State Investment Pool. The City’s investments with Local Agency Investment Fund (LAIF) at June 30, 2024 included a portion of the pooled f unds invested in Structured Notes and Assets-Backed Securities. These investments included the following:

Structured Notes are debt securities (other than asset-backed securities) whose cash flow characteristics (coupon rate, redemption amount, or stated maturity) depend upon one or more indices and/or that have embedded forwards or options.

Asset-Backed Securities, the bulk of which are mortgage-backed securities, entitle their purchasers to receive a share of the cash flows from a pool of assets such as principal and interest repayments from a pool of mortgages (such as CMO’s) or credit card receivables.

As of June 30, 2024, the City had $57,312,667 invested in LAIF, which had invested 1.40% of the pool investment funds in Structured Notes and Medium-term Asset-Backed Securities and 1.60% of pool investment funds in Short- term Asset-Backed Commercial Paper.

The fair value of the City’s position in the LAIF pool is the same as the value of the pool shares.

The Pooled Money Investment Board provides oversight to the State Treasurer’s pooled investment program. The purpose of the board is to design and administer an effective cash management and investment program, using all monies flowing through the State Treasurer’s Office bank accounts and keeping all available funds invested in a manner consistent with the goals of safety, liquidity, and yield. The Pooled Money Investment Board is comprised of the State Treasurer as chair, the State Controller, and the Director of Finance. The investment program is not registered with the Securities and Exchange Commission as an investment company.

The State Treasurer’s Office reports its investments at fair value. The fair value of securities in the State Treasurer’s pooled investment program generally is based on quoted market prices. The value of the deposits in the State Treasurer’s pooled investment program, including the Local Agency Investment Fund, is equal to the dollars deposited in the program.

Certain funds have elected to participate in the pooled investment program even though they have the authority to make their own investments. Others may be required by legislation to participate in the program; as a result, the deposits of these funds or accounts may be considered involuntary. However, these funds or accounts are part of the State’s reporting entity. The remaining participation in the pool, the Local Agency Investment Fund, is voluntary.

B. Property taxes
Secu
red property taxes become a lien on the property as of January 1 and are levied in two equal installments:
the first due November 1 and delinquent on December 11, and the second due February 1 and delinquent April 11. Property taxes on unsecured property ar e due on the lien date of March 1 and become delinquent on September 1. The County of Fresno is responsible fo r the assessment, collection and apportionment for all jurisdictions within the County, including the City.
59 142
AGENDA ITEM NO. 7.

CITY OF CLOVIS
Notes to Financial Statements
For the Year Ended June 30, 2024

C. Rec
eivables
Receivables as of June 30, 2024 for the City’s individu al major funds and nonmajor, internal service, and fiduciary funds in the aggregate, are as follows:

Total Internal
Local
Nonmajor Governmental Service Fiduciary
General Transportation Funds Funds Funds Funds
Interest 74,752$ 206,791$ 36,718$ 318,261$ 229,182$ 796$ Taxes 729,203 3,255 732,458 1,968
Loans 22,644 4,748,374 4,771,018 42,747
Accounts 3,575,670 435,061 12,192 4,022,923 166,850 Leases 130,245
4,379,625$ 664,496$ 4,800,539$ 9,844,660$ 569,024$ 2,764$ Planning & Total
Community Sewer Development Proprietary
Sanitation Disposal Water Services Transit Funds
Interest 46,036$ 114,808$ 167,710$ 46,361$ 26,657$ 401,572$ Loans 20,537 8,663 29,200
Accounts 4,824,680 3,091,226 4,077,453 34,237 108,226 12,135,822 Leases 665,780 740,905 1,406,685
4,870,716$ 3,892,351$ 4,994,731$ 80,598$ 134,883$ 13,973,279$ Lease receivables consists of agreements with cellular network companies and Pacific Gas & Electric for the right to use land at various locations throughout the City . The terms of these arrangements range from 6 to 23 years and the interest rate on these is calculated at the City’s fiscal year 2024 borrowing rate of 3.032%. This is the All-in True Interest Cost rate derived from the Ci ty’s most recent bond issuance from fiscal year 2024. The City records any outstanding annual lease income as a deferred inflow on the government-wide financial statements.

The annual payments to be received for the lease receivables outstanding at June 30, 2024, are as follows:

Year ending June 30, Principal Interest Total
2025 123,317$ 38,039$ 161,356$
2026 135,230 34,987 170,217
2027 72,797 31,640 104,437
2028 77,492 29,838 107,330
2029 87,236 27,920 115,156
2030-2034 248,233 117,542 365,775
2035-2039 378,262 80,740 459,002
2040-2043 414,364 26,492 440,856
Total $ 1,536,931 387,198$ 1,924,129$
Lease Receivables
60 143
AGENDA ITEM NO. 7.

CITY OF CLOVIS
Notes to Financial Statements
For the Year Ended June 30, 2024

D. Interfund receivables, payables and transfers

Interfund balances for the purpose of the government -wide financial statements have been eliminated. The composition of interfund balances in the fund level statements for the year ended June 30, 2024, is as follows:

Interfund transfers:

Transfers In Transfers Out Purpose Amount
Community Sanitation Fund Nonmajor Governmental Fund Development capital cost 150,000$ Water Service Fund Local Transportation Fund Capital projects 1,700,000 Nonmajor Governmental Fund Local Transportation Fund Capital projects 114,000 Internal Service Fund General Fund Capital projects 2,580,000 Internal Service Fund General Fund Fleet replacement costs 1,000,000 Planning & Development Services Fund General Fund Operating costs 370,000 Total transfers 5,914,000$

Interfund receivables/payables:

Total
Advances To Advances From Purpose Amount
Internal Service Fund Water Fund Advance for capital project 6,000,000 $

61 144
AGENDA ITEM NO. 7.

CITY OF CLOVIS
Notes to Financial Statements
For the Year Ended June 30, 2024

E. Capital as
sets and intangible assets
Summary of cha
nges in capital and intangible assets for the year ended June 30, 2024 was as follows:

Beginning Retirements/ Ending
Balance Additions Adjustments Balance
Government activities:

Capital assets, not being depreciated:

Land 280,729,414$ 17,257,904$ 297,987,318$
Capital assets, being depreciated:

Buildings and improvements 162,845,426 14,581,891 177,427,317 Direct borrowing buildings 17,879,458 17,879,458 Machinery and equipment 55,284,743 3,625,067 (427,191)$ 58,482,619 Direct borrowing equipment 8,458,716 8,458,716 Road network 449,579,667 22,361,163 471,940,830 Total capital assets being depreciated 694,048,010 40,568,121 (427,191) 734,188,940 Less accumulated depreciation for
Buildings and improvements (56,845,748) (4,497,781) (61,343,529) Direct borrowing buildings (7,171,729) (666,195) (7,837,924) Machinery and equipment (37,214,824) (3,231,834) 404,041 (40,042,617) Direct borrowing equipment (5,803,239) (311,685) (6,114,924) Road network (172,885,027) (12,517,087) (185,402,114) Total accumulated depreciation (279,920,567) (21,224,582) 404,041 (300,741,108) Total capital assets,
being depreciated, net 414,127,443 19,343,539 (23,150) 433,447,832 Intangible assets, being amortized:

Software 102,380 102,380
Subscription assets 170,839 1,514,999 1,685,838 Lease assets 682,237 682,237
Total intangible assets being amortized 273,219 2,197,236 2,470,455 Less accumulated amortization for
Software (10,238) (20,476) (30,714)
Subscription assets (28,473) (309,446) (337,919) Lease assets (48,731) (48,731)
Total accumulated amortization (38,711) (378,653) (417,364) Total intangible assets,
being amortized, net 234,508 1,818,583 2,053,091 Governmental activities
capital assets, net 695,091,365$ 38,420,026$ (23,150)$ 73 3,488,241$
62 145
AGENDA ITEM NO. 7.

CITY OF CLOVIS
Notes to Financial Statements
For the Year Ended June 30, 2024

Beginning Ending
Balance Additions Retirements Balance
Business-type activities:

Capital assets, not being depreciated:

Land 40,776,635$ 40,776,635$
Capital assets, being depreciated:

Buildings and improvements 324,882,181 7,009,889
$
331,892,070
Machinery and equipment 12,387,730 2,623,451 (175,922) 14,835,259 Total capital assets being depreciated 337,269,911 9,633,340 (175,922) 346,727,329 Less accumulated depreciation for
Buildings and improvements (113,667,656) (7,051,027) (120,718,683) Machinery and equipment (9,401,282) (849,408) 162,095 (10,088,595) Total accumulated depreciation (123,068,938) (7,900,435) 162,095 (130,807,278) Total capital assets,
being depreciated, net 214,200,973 1,732,905 (13,827) 215,920,051 Intangible assets, being amortized:

Water and sewer rights 55,225,257 3,707,167 58,932,424 Subscription assets 316,673 316,673
Total intangible assets being amortized 55,541,930 3,707,167 59,249,097 Less accumulated amortization for
Water and sewer rights (27,028,703) (1,579,404) (28,608,107) Subscription assets (51,621) (103,241) (154,862)
Total accumulated amortization (27,080,324) (1,682,645) (28,762,969) Total intangible assets
being amortized, net 28,461,606 2,024,522 30,486,128 Business-type activities
capital assets, net 283,439,214$ 3,757,427$ (13,827)$ 287,182,814$ 63 $
146
AGENDA ITEM NO. 7.

CITY OF CLOVIS
Notes to Financial Statements
For the Year Ended June 30, 2024

Depreciation/amortization expense was charged to functions as follows:

Governmental activities depreciation/amortization:

General government 64,923$
Public safety 118,334
Transportation 12,594,708
Community Development 58,506
Cultural and recreation 1,216,235
Capital assets held by the government’s internal service funds are charged to the various functions based on their usage of the asset 7,550,529 Total governmental activities depreciation/amortization expense 21,603,235 $ Business-type activities depreciation/amortization:

Community Sanitation 401,366$
Sewer Disposal 5,303,226
Water 3,269,809
Planning & Development Services 13,496
Transit 595,183
Total business-type activities depreciation/amortization expense 9,583,080$

Donated assets to governmental activities consisted of $26,290,572 of which the majority is donated to the City by developers for streets. Donated assets to business- type a ctivities consisted of $2,769,840, which represents sewer and water infrastructure donated by developers.

Fiduciary funds capital assets

Beginning Ending
Balance Additions Retirements Balance
Capital assets, not being depreciated:

Land 9,087,336$ 9,087,336$
Capital assets, being depreciated:

Buildings and improvements 2,687,521 2,687,521
Total capital assets being depreciated 2,687,521 2,687,521 Less accumulated depreciation for
Buildings and improvements (1,105,262) (75,563)$ (1,180,825) Total accumulated depreciation (1,105,262) (75,563) (1,180,825) Total capital assets,
being depreciated, net 1,582,259 (75,563) 1,506,696 Fiduciary funds
capital assets, net 10,669,595$ (75,563)$ 0$ 10,594,032$

Depreciation expense for the year ended June 30, 2024 was $75,563.

64 147
AGENDA ITEM NO. 7.

CITY OF CLOVIS
Notes to Financial Statements
For the Year Ended June 30, 2024

F. Long-term liabilities
Summary of changes in long-te
rm liabilities for the year ended June 30, 2024 was as follows:

Balance Balance Due in Due in more
7/1/2023 Additions Reductions 6/30/2024 One Year than One Year Governmental Activities:

Revenue bonds 12,925,000$ 0$ (285,000) $ 12,640,000$ 300,000$ 12,340,000$ Less deferred amounts:
(Discounts)/premiums 548,784 (20,078) 528,706 528,706 Total bonds payable 13,473,784 0 (305,078) 13,168,706 300,000 12,868,706 Loans payable 1,908,905 1,131,630 (264,968) 2,775,567 253,887 2,521,680 Direct borrowings 11,370,846 0 (2,293,399) 9,077,447 2,155,179 6,922,268 Deposits & other liabilities 47,182,585 5,154,473 (869,032) 51,468,026 51,468,026 Claims and judgments 8,423,000 5,084,065 (4,294,065) 9,213,000 2,548,000 6,665,000 Lease liability (105,220) 577,017 71,581 505,436 Subscription liability 115,279 (560,288) 1,102,730 574,154 528,576 Compensated absences 5,597,437 (2,650,364) 5,606,190 964,300 4,641,890 Net pension liability 136,924,836
682,237
1,547,739
2,659,117
4,661,977 141,586,813 141,586,813
Total governmental
activities 224,996,672$ 20,921,238$ (11,342,414)$ 234,575,496$ 58,335,127$ 176,240,369$ Balance Balance Due in Due in more
7/1/2023 Additions Reductions 6/30/2024 One Year than One Year Business-Type Activities:

Revenue bonds 84,580,000$ 12,710,000$ (18,030,000)$ 79,260,000$ 5,950,000$ 73,310,000$ Less deferred amounts:
(Discounts)/premiums 9,005,238 (851,177) 8,154,061 8,154,061 Total bonds payable 93,585,238 12,710,000 (18,881,177) 87,414,061 5,950,000 81,464,061 Contracts payable 1,203,845 (1,203,845)
Landfill closure 5,345,840 354,700 5,700,540 5,700,540 Compensated absences 1,711,226 1,247,688 (1,276,574) 1,682,340 289,500 1,392,840 Subscription liability 220,854 117,070 107,860 9,210 Deposits & other liabilities 7,543,875 4,696,861
(103,784)
(5,106,897) 7,133,839 7,133,839
Net pension liability 37,799,410 738,320 38,537,730 38,537,730 Total business-type
activities 147,410,288$ 19,747,569$ (26,572,277)$ 140,585,580$ 13,481,199$ 127,104,381$ Classification
Classification
Internal servic
e funds predominantly serve the governmental funds. Accordingly, long-term liabilities for them are included as part of the above totals for governmental ac tivities. At year end $329,078 of internal service funds compensated absences are included in the above amoun ts. Included in deposits and other liabilities in governmental activities are $50,204,166 in developer funded deposits related to streets and $1,263,860 in miscellaneous deposits. Business-type activities include utility customer dep osits of $2,119,123 and miscellaneous deposits and other liabilities of $5,014,716. For the gove rnmental activities, accrued compensated absences are generally liquidated by the gener al fund. In addition, in prior years th e employee benefit fund has be used to liquidate pension liabilities.
65 0
0 148
AGENDA ITEM NO. 7.

CITY OF CLOVIS
Notes to Financial Statements
For the Year Ended June 30, 2024

Governmental activities long-term debt

1. Revenue bonds

The City issues revenue bonds to provide funds for the acquisition and construction of major capital facilities.

The current bond outstanding has a maturity of 30 years.

Revenue bonds at June 30, 2024, consisted of the following:

Balance Balance Due in Due in more
7/1/2023 Additions Reductions 6/30/2024 One Year than One Year 2021 landmark square 12,925,000$ 0$ (285,000)$ 12,640,000$ 300,000$ 12,340,000$ Total revenue bonds 12,925,000$ 0$ (285,000)$ 12,640,000$ 300,000$ 12,340,000$ Classification

The annual debt service requirements for the revenue bonds outstanding at June 30, 2024, are as follows:

Year ending June 30, Principal Interest Total
2025 300,000$ 354,700$ 654,700$ 2026 310,000 342,500 652,500 2027 325,000 329,800 654,800 2028 335,000 316,600 651,600 2029 350,000 302,900 652,900 2030-2034 1,975,000 1,292,250 3,267,250 2035-2039 2,285,000 979,732 3,264,732 2040-2044 2,580,000 680,770 3,260,770 2045-2049 2,910,000 344,001 3,254,001 2050-2051 1,270,000 31,997 1,301,997 Total 12,640,000$ 4,975,250$ 17,615,250$ Revenue Bonds

66 149
AGENDA ITEM NO. 7.

CITY OF CLOVIS
Notes to Financial Statements
For the Year Ended June 30, 2024

2. Loans pay
able
The City issues loans to provide funds for improvements at va rious City buildings. The loans have maturities ranging from 8 to 16 years. Loans payable at June 30, 2024, are as follows:

Original Interest Final Outstanding
Borrowing Rates Maturity at Year-end
Governmental Activities
2011 energy loan payable 466,715$ 3.00% 2026 164,928 $ 2016 energy loan payable 89,729 0.00% 2025 12,818 2019 energy loan payable 1,741,854 1.00% 2035 1,302,555 2020 energy loan payable 157,550 0.00% 2030 91,789 2020 energy loan payable 195,011 0.00% 2026 71,847 2024 energy loan payable 1,131,630 0.00% 2026 1,131,630 Total loans payable 2,775,567$
The annual debt service requirements for the loans payable outstanding at June 30, 2024, are as follows:

Governmental Activities
Year ending June 30, Principal Interest Total
2025 253,887$ 17,091$ 270,978$
2026 333,060 27,538 360,598
2027 233,594 20,893 254,487
2028 225,354 18,869 244,223
2029 227,499 16,724 244,223
2030-2034 1,097,018 51,482 1,148,500 2035 405,155 6,248 411,403
Total 2,775,567$ 158,845$ 2,934,412$
Loans Payable
The followi
ng is an analysis of the assets acquired with the proceeds as of June 30, 2024:

Buildings and improvements 3,521,408$
Less accumulated depreciation (1,040,164)
Total 2,481,244$
67 150
AGENDA ITEM NO. 7.

CITY OF CLOVIS
Notes to Financial Statements
For the Year Ended June 30, 2024

3. Note
s from Direct Borrowings
The City issues notes from direct borrowings to provide funds for the acquisition of public safety vehicles and governmental buildings. The maturity dates may range fr om 5 to 35 years. The City also recognizes an intangible right to use direct borrowing assets. The City re cognizes right to use direct borrowings with an initial, individual value of $10,000 or more.

Notes from direct borrowings at June 30, 2024, are as follows:

Original Interest Final Outstanding
Borrowing Rates Maturity at Year-end
Governmental Activities
2014 corp yard 14,377,528 $ 3.10% 2027 3,636,936$ 2011 solar project 2,454,100 4.95% 2031 1,140,095
2013 animal shelter 3,000,000 4.00% 2034 1,567,352
2014 safety vehicles 1,795,000 1.86% 2024 0
2015 PD/fire comm tower 1,810,000 2.35% 2026 299,134
2015 solar project 2,000,000 3.48% 2035 1,314,136
2016 safety vehicles 1,460,000 1.00%-3.00% 2026 96,427 2019 safety vehicles 1,125,000 3.23% 2023 0 *
2021 safety vehicles 2,340,000 1.71% 2030 1,023,367
Total direct borrowings 9,077,447$
*Note: These direct borrowings contain a provision that in an event of default, outstanding amounts become immediately due if the City is unable to make payment.

The debt
service requirements for the City notes from direct borrowings are as follows:

Year ending June 30, Principal Interest Total
2025 2,155,179$ 288,254$ 2,443,433$
2026 1,903,589 224,133 2,127,722
2027 1,811,856 164,530 1,976,386
2028 581,248 114,917 696,165
2029 602,604 93,559 696,163
2030-2034 1,820,597 177,157 1,997,754
2035-2036 202,374 7,083 209,457
Total 9,077,447$ 1,069,633$ 10,147,080$
Direct Borrowings
68 151
AGENDA ITEM NO. 7.

CITY OF CLOVIS
Notes to Financial Statements
For the Year Ended June 30, 2024

The followi
ng is an analysis of the land, structures, and equipment of the direct borrowings as of June 30, 2024:

Land, structures and equipment 2,057,359$
Less accumulated depreciation (874,378)
Total 1,182,981$
Busine
ss-type activities long-term debt

1. Reven
ue bonds
The City issues revenue bonds to provide funds for the acqui sition and construction of major capital facilities.

The revenue bonds have maturities of 14-20 years.

Revenue bonds at June 30, 2024, consisted of the following:

Original Interest Final Outstanding
Borrowing Rates Maturity at Year-end
Busiess-Type Activities:
2013 wastewater revenue refunding bonds 12,500,000$ 2.00%-5.00% 2028 7,155,000$ 2015 wastewater revenue refunding bonds 21,600,000 2.00%-3.75% 2035 20,260,000 2017 wastewater revenue refunding bonds 50,710,000 2.00%-5.00% 2038 41,475,000 2024 water revenue refunding bonds 31,810,000 2.00%-4.25% 2028 10,370,000 Total revenue bonds 79,260,000$
The ann
ual debt service requirements for the revenue bonds outstanding at June 30, 2024, are as follows:

Busiess-Type Activities:

Year ending June 30, Principal Interest Total
2025 5,950,000$ 3,711,706$ 9,661,706$
2026 7,110,000 3,391,431 10,501,431
2027 7,475,000 3,035,256 10,510,256
2028 7,840,000 2,657,188 10,497,188
2029 5,330,000 2,257,188 7,587,188
2030-2034 19,795,000 8,262,247 28,057,247
2035-2039 25,760,000 3,304,913 29,064,913
Total 79,260,000$ 26,619,929$ 105,879,929$
Revenue Bonds
The following is an analysis of the improvements made with the proceeds of these bonds as of June 30, 2024:

Land, structures and equipment 140,291,752$
Less accumulated depreciation (56,960,029)
Total 83,331,723$
69 152
AGENDA ITEM NO. 7.

CITY OF CLOVIS
Notes to Financial Statements
For the Year Ended June 30, 2024

2013 wastewater
revenue refunding bonds
In July 2013, The City issued was tewater revenue refunding bonds in the amount of $12,500,000. The net proceeds of $12,698,281 (after the original issue premium of $596,726 and payment of $398,445 in underwriting fees, ins urance, and other issuance c osts) from th e bonds were used to refund the $13,745,000 aggregate principal amount outstanding on the City’s 1998 wastewater bonds. The aggregate debt service payments of the new debt are $2,519,935 les s than the old debt. The bonds have interest rates varying from 2.00% to 5.00% and the final payment is scheduled for August 2028.The issuance of the new debt and refunding of the old debt resulted in an economic gain (the difference between the net present value of the old debt and new debt service payments) of approximately $644,000. The wastewater revenue refunding bonds contain an acceleration clause that allows the bondholders to accelerate payment of the entire principal amount to become immediately due if default in payment occurs.
2015 wastewater revenue refunding bonds
In August 2015, The City refinanced the 2005 wastewat er revenue bonds and issued 2015 wastewater revenue bonds in the amount of $21,600,000. The net proceeds of $22,881,723 (after the original issue premium of $1,652,032 and payment of $370,309 in underwriting fees, insurance, and other issuance costs) from the bonds were used to refund the $24,885,000 aggregate princ ipal amount outstanding on the City’s 2005 wastewater bonds. The aggregate debt service payments of the new debt are $10,852,200 less than the old debt. The bonds have interest rates varying from 2.0% to 3.75% and the final payment is scheduled for August 2035. The issuance of the new debt and refunding of the old debt resulted in an economic gain (the difference between the net present value of the old debt and new debt service payments) of approximately $4,410,265. The wastewater revenue bonds contain an acceleration clause that allo ws the bondholders to acc elerate payment of the entire principal amount to become immediately due if default in payment occurs. 2017 wastewater revenue refunding bonds
In August 2017, The City refinanced the 2007 wastewat er revenue bonds and issued 2017 wastewater revenue bonds in the amount of $50,710,000. The net proceeds of $59,836,790 (after the original issue premium of $9,687,427 and payment of $560,637 in underwriting fees, insurance, and other issuance costs) from the bonds were used to refund the $59,620,000 aggregate princ ipal amount outstanding on the City’s 2007 wastewater bonds. The aggregate debt service payments of the new debt are $18,669,931 less than the old debt. The bonds have interest rates varying from 2.0% to 5.0% and the final payment is scheduled for August 2038. The issuance of the new debt and refunding of the old debt resulted in an economic gain (the difference between the net present value of the old debt and new debt service payments) of approximately $8,750,978. The wastewater revenue bonds contain an acceleration clause that allo ws the bondholders to acc elerate payment of the entire
principal amount to become immediately due if default in payment occurs. 2024 water refunding revenue refunding bond
In September 2023, The City iss ued water revenue refunding bonds in the amount of $12,710,000. The net proceeds of $13,379,188 (after the original issue premium of $669,188 and payment of $232,086 in underwriting fees, insurance, and other issuance c osts) from the bonds were used to refund the $31,810,000 aggregate principal amount outstanding on the City’s 2014 water revenue bonds. The aggregate debt service payments of the new debt are $30,111,596 less than the old debt. The bonds have interest rates v arying from

2.0% to 5.0% and the final payment is scheduled for March 2028. The issuance of the new debt and refunding of the old debt resulted in an economic gain (the difference between the present value of the old debt and new debt service payments) of approximately $393,000. The wastewater revenue bonds contain an acceleration clause that allows the bondholders to accelerate payment of the entire principal amount to become immediately due if default in payment occurs.
70 153
AGENDA ITEM NO. 7.

CITY OF CLOVIS
Notes to Financial Statements
For the Year Ended June 30, 2024

2. Contracts payable

The City enters into contracts to provide funds to provide sewer services. The City has currently entered into one contract and the contract has a maturity of 30 years.

Contracts payable at June 30, 2024, consisted of the following:

Original Interest Final Outstanding
Borrowing Rates Maturity at Year-end
Business-type Activities
1993 wastewater renovation 12,423,873$ 3.50%-6.25% 2024 -$ Total contracts payable -$

1993 wastewater renovation

The City has entered into a contract with the City of Fresno to purchase capacity rights in the form of participation in the cost of sewer system improvem ents. These improvements include the renovation and expansion of the Fresno Clovis Regio nal Wastewater Treatment Plant. The 1993 contract is for the City’s share of the 1993 renovation of the Fresno Clovis Regional Wastewater Treatment Plant. The underlying City of Fresno 1993 Revenue Bonds on which the City of Clovis’ contract payable amount is based have interest rates varying from 3.50%-6.25% and the final payments are scheduled for September 2023. The City’s $12,423,873 share of the renovation is capitalized as an intangible as set in the Sewer Disposal Fund, an enterprise fund, as disclosed in Note IV.E. The City made a final payment on the 1993 contract in September 2023.

71 154
AGENDA ITEM NO. 7.

CITY OF CLOVIS
Notes to Financial Statements
For the Year Ended June 30, 2024

Fiduciary funds long-ter
m debt

1. Tax allocation bonds payable
2008 Tax allocation bonds
The former
Clovis Community Development Agency issued tax allocation bonds in the amount of $19,100,000 in April 2008. The interest rates on the 2008 tax allocation bonds vary from 3.00% to 4.75% and the final payment is scheduled for August 2037. Bonds outstanding at J anuary 31, 2012 were $17,445,000 and were transferred to the Successor Agency on February 1, 2012 due to the dissolution of the Agency. The balance outstanding at June 30, 2024 is $8,620,000 and is held in the City’s Redevelopment Successor Agency Private-purpose Trust Fund.

Tax allocation bonds at June 30, 2024, consisted of the following:

Balance Balance Due in Due in more
7/1/2023 Additions Reductions 6/30/2024 One Year than One Year 2008 tax allocation bonds 9,535,000$ (915,000)$ 8,620,000$ 960,000$ 7,660,000$ Less (discounts) on bonds (112,214) 7,967 (104,247) (104,247) Total tax allocation bonds 9,422,786$ 0$ (907,033) $ 8,515,753$ 960,000$ 7,555,753$ Classification
The annual d
ebt service requirements for the tax allocation bonds outstanding at June 30, 2024, are as follows:

Fiduciary Activities:

Year ending
June 30, Principal Interest Total
2025 960,000 $ 379,181$ 1,339,181$
2026 995,000 333,972 1,328,972
2027 1,050,000 286,681 1,336,681
2028 1,095,000 237,078 1,332,078
2029 1,150,000 185,163 1,335,163
2030-2034 2,190,000 451,209 2,641,209
2035-2038 1,180,000 115,188 1,295,188
Total 8,620,000$ 1,988,472$ 10,608,472$ Tax Allocation Bonds
72 155
AGENDA ITEM NO. 7.

CITY OF CLOVIS
Notes to Financial Statements
For the Year Ended June 30, 2024
Subscription liability
The City has entered into subscription-based inform ation technolog y arrangements (SBITA) for various administrative and operational purpos es. These subscription s include services related to cloud-based software applications, data storage, and management services. Unde r the terms of these arrangements, the City does not take possession of the software at any time and the vendor provides ongoing services for the software's operation. The subscription periods vary, with initial non-cancellable terms ranging from 2 to 5 years. The calculated interes t rate used was 3.032%.

As of June 30, 2024, the capitalized right-to-use assets related to SBITA was $1,509,730 and the total subscription liability was $1,219,800, of which $682,014 is classified as current liab ility representing the portion due within the next fiscal year. The City recognized $75,989 of interest expense related to these arrangements.

SBITAs at June 30, 2024, consisted of the following:

Balance Balance Due in Due in more
Governmental Activities 7/1/2023 Additions Reductions 6/30/2024 One Year than One Year Passio Tech 75,511$ (37,294)$ 38,217 38,217$ $
Remix Tech 30,368 (14,248) 16,120 16,120
Spare Labs 97,601 (48,204) 49,397 49,397
Urban Trans 17,374 (4,038) 13,336 4,126 9,210 Total SBITAs 220,854$ 0$ (103,784) $ 117,070$ 107,860$ 9,210$ Classification
Balance Balance Due in Due in more
Business-Type Activities 7/1/2023 Additions Reductions 6/30/2024 One Year than One Year VM Ware 115,279$ (56,935)$ 58,344 58,344$ ESRI 297,170$ (96,645) 200,525 99,037 101,488$ Microsoft 365 1,217,829 (396,060) 821,769 405,862 415,907 Cartegraph 32,740 (10,648) 22,092 10,911 11,181 Total SBITAs 115,279$ 1,547,739$ (560,288)$ 1,102,730$ 574,154$ 528,576$ Classification
Principal and interest paym
ents to maturity are as follows:

Year ending
June 30, Principal Interest Total
2025 682,014$ 30,216$ 712,230$ 2026 533,017 13,367 546,384
2027 4,769 192 4,961
Total 1,219,800$ 43,775$ 1,263,575$ SBITAs
73 $
$
156
AGENDA ITEM NO. 7.

CITY OF CLOVIS
Notes to Financial Statements
For the Year Ended June 30, 2024
Lease liability
The City entered a contract to prov ide workspace fo r various departments. The City has currently entered one contract and the contract has a maturity of 7 years. The calculated interest rate used was 3.032%.

As of June 30, 2024, the capitalized assets related to lease liabilities was $633,506 and the total lease liability was $577,017, of which $71,581 is c lassified as current liability representing the portion due within the next fiscal year. The City recognized $13,937 of interest expense related to these arrangements.

Lease liabilities at June 30, 2024, consisted of the following:

Balance Balance Due in Due in more
7/1/2023 Additions Reductions 6/30/2024 One Year than One Year Governmental Activities
ProAg - IT Building 0$ 682,237$ (105,220)$ 577,017$ 71,581$ 505,436$ Total leases 0$ 682,237$ (105,220)$ 577,017$ 71,581$ 505,436$ Classification
Principal and intere
st payments to maturity are as follows:

Governmental Activities
Year ending June 30, Principal Interest Total
2025 71,581 $ 12,207$ 83,788$
2026 111,741 9,509 121,250
2027 121,131 6,583 127,714
2028 127,252 3,510 130,762
2029 134,090 270 134,360
2030 11,222 11,222
Total 577,017$ 32,079$ 609,096$
Leases Payable
74 157
AGENDA ITEM NO. 7.

CITY OF CLOVIS
Notes to Financial Statements
For the Year Ended June 30, 2024

G. Landfill closure

The City has recorded liabilities for landfill closure, post-c losure maintenance and for landfill corrective action in the Community Sanitation Fund, an enterprise fund. T he State of California performs an annual analysis to determine estimated total cost of the landfill closure, post-closur e care costs, total capacity and remaining life.

The City’s landfill closure liability, based on landfill capacity used to date, is recorded based on the information provided by their analysis. The land fill corrective action liability is based on the estimated co st of known or reasonably foreseeable corrective action that may be required at the facility.

The City is currently estimating at J une 30, 2024 that the capacity of the l andfill used is approximately 39%, the estimated remaining life is approximately 33 years and the estimated remaining cost to be recognized is $23,131,721. The estimated capacity remaining is 6, 064,431 cubic yards and the estimated landfill closure liability is $5,700,540. The current esti mated cost of known and/or reasonabl y foreseeable corrective action is $4,988,340 and the City currently has $1,000,000 set asid e for this purpose. These estimates are based on a closure and post-closure maintenance plan and correct ive action plan. The estimates have been adjusted for inflation and other factors such as technology and laws and regulations.

H. Pension Plans

General Information about the Pension Plan

Plan Description

The City contributes to the California Public Employees’ Retirement System (CalPERS), an agent multiple-employer public employee defined benefit pension plan. CalPERS acts as a common investment and administrative agent for participating public entities within the State of California. Benefit provisions and all other requirements are established by state statute and City ordinance. A full descripti on of the pension plan regarding number of employees covered, benefit provisions, assumptions (for fu nding, but not accounting purposes), and membership information are listed in the June 30, 2023 Annual Actuarial Valuation Report. This report and CalPERS’ audited financial statements are publicly available reports that can be obtained at CalPERS’ website under Forms and Publications.

Benefit Provided

CalPERS provides retirement and disability benefits, annual cost-of-living adjustments, and death benefits to plan members and beneficiaries. A classic miscellaneous member becomes eligible for Service Retirement upon attainment of age 55 with at least 5 years of credited service. PEPRA miscellaneous members become eligible for service retirement upon attainment of age 62 with at least 5 years of service . A classic safety member becomes eligible for Service Retirement upon attainment of age 50 with at least 5 years of credited service.

PEPRA safety members become eligible for service retire ment upon attainment of age 57 with at least 5 years of service. The service retirement benefit is a monthly allowance equal to the product of the benefit factor, years of service, and final compensation. The final compensation is the monthly average of the member's highest 36 or 12 consecutive months' full-time equivalent monthly pay. Retirement benefits for classic miscellaneous employees are calculated as 2.7% of the average fi nal 12 months compensation. Retirement benefits for PEPRA miscellaneous employees are calc ulated as 2% of the highest av erage annual compensation over a three-year period. Retirement benefits for classic safety employees are calculated as 3% of the average highest 12 months compensation. Retirement benefits for PEPRA safety employees are calculated as 2.7% of the average highest 36 months compensation.

Participants are eligible for non-industrial disability reti rement if they become disabled and have at least 5 years of credited service. There is no special age requirement. The standard non-industrial disability retirement benefit is a monthly allowance equal to 1.8 percent of final co mpensation, multiplied by serv ice. Industrial disability benefits are not offered to miscellaneous employees. The City provides industrial disability retirement benefits to safety employees. The industrial disability retirement benefit is a monthly allowance equal to 50 percent of highest compensation.

75 158
AGENDA ITEM NO. 7.

CITY OF CLOVIS
Notes to Financial Statements
For the Year Ended June 30, 2024

An employee's beneficiary may receive the basic death benefit if the employee dies while actively employed.

The employee must be actively employed with the City to be eligible for this benefit. An employee's survivor who is eligible for any other pre-retirement death benefit ma y choose to receive that death benefit instead of this basic death benefit. The basic death benefit is a lump sum in the amount of the employee's accumulated contributions, where interest is currently credited at 7. 375 percent per year, plus a lump sum in the amount of one month's salary for each completed year of current service, up to a maximum of six months' salary. For purposes of this benefit, one month's salary is defined as the member's average monthly full-time rate of compensation during the 12 months preceding death.

Benefit terms provide for annual cost-of-living adjustments to each employee’s retirement allowance. Beginning the second calendar year after the year of retirement, retirement and survivor allowances will be annually adjusted by 2 percent applied to the original retirement allowance.

Employees Covered by Benefit Terms

At June 30, 2023, the measurement date, the following employees were covered by the benefit terms:

Employee information
Miscellaneous Safety
Active employees 539 175
Transferred and terminated employees 780 74 Retired Employees and Beneficiaries 360 199 Total 1,679 448
Plans

Contributions

For the measurement period ended June 30, 2023, contributions were as follows:

Aggregate
Miscellaneous Safety Total
Contributions - employer 6,599,704 $ 9,807,362 $ 16,407,066 $ Section 20814(c) of the California P ublic Employees’ Retirement Law (“P ERL”) requires that the employer contribution rates for all public employers be deter mined on an annual basis by the actuary and shall be effective on the July 1 following notice of a change in the rate. The total plan contributions are determined through CalPERS’ annual actuarial valuation process. The actuarially determined rate is the estimated amount necessary to finance the costs of benefits earned by employees during the year, with an additional amount to finance any unfunded accrued liability. The employer is required to contribute the difference between the actuarially determined rate and the contribution rate of employees. The contributions for the measurement period were as follows:

Actuarial Methods and Assumptions Used to Determine Total Pension Liability

For the measurement period ended June 30, 2023, the total pension liability was determined by rolling forward the June 30, 2022 total pension liability. The June 30, 2023 total pension liability was based on the following actuarial methods and assumptions:
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CITY OF CLOVIS
Notes to Financial Statements
For the Year Ended June 30, 2024

Actuarial Methods and Assumptions Used to Determine Total Pension Liability Actuarial Cost Method
Actuarial Assumptions:

Discount Rate
Inflation
Salary Increases
Investment Rate of Return
Mortality Rate Table
Post Retirement Benefit Increase
Entry Age Normal

6.90%

2.30%
Varies by Entry Age and Service

7.00% Net of Pension Plan Investment and Administrative Expenses; includes Inflation
Derived using CalPERS' Membership Data for all Funds
Contract COLA up to 2.0% until Purchasing Power Protection Allowance Floor on Purchasing Power applies, 2.30%
thereafter

The Experience Study report can be obtained at CalPERS’ website under Forms and Publications.

Discount Rate

In Fiscal Year 2021-22, the discount rate was lowered from 7.15 percent to 6.90 percent. The last adjustment to the discount rate was in fiscal year 2016-17 when it was lowered from 7.65 percent to 7.15 percent in fiscal year. The funding discount rate includes a 15 basis- point reduction for administrative expenses, and the remaining decrease is consistent with the change in the financial reporting discount rate.

Long-term Expected Real Rates of Return by Asset Class

The table below reflects long-term expected real rates of return by asset class. The rates of return were calculated using the capital market assumptions applied to determine the discount rate and asset allocation.

These geometric rates of return are net of administrative expenses.

Asset Class1
Assumed Asset
Allocation Real Return
Global Equity Cap-weighted 30.00% 4.54%
Global Equity Non-Cap-weighted 12.00% 3.84%
Private Equity 13.00% 7.28%
Treasury 5.00% 0.27%
Mortgage-backed Securities 5.00% 0.50%
Investment Grade Corporates 10.00% 1.56%
High Yields 5.00% 2.27%
Emerging Market Debt 5.00% 2.48%
1 In the Basic Financial Statements, Fix ed Income is included in Global Debt Securities; Liquidity is included in Short-Term Investments; Inflation Assets are included in both Global Equity Securities and Global Debt Securities.
2 An expected inflation of 2.30% used for this period.
3 Figures are based on the 2021-22 Asset Liability Management study.

Pension Expense

The Net Pension Expense for the year ended June 30, 2024 is itemized as follows:

Net Pension
Expense
Miscellaneous Plan 3,222,868 $
Safety Plan 3,835,107
7,057,975$

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AGENDA ITEM NO. 7.

CITY OF CLOVIS
Notes to Financial Statements
For the Year Ended June 30, 2024

Changes in the Net Pensi
on Liability
The followi
ng table shows the changes in net pension liability recognized over the measurement period.

Miscellaneous Plan
Total Pension Plan Fiduciary Net Net Pension
Liability Position Liability/(Asset)
Balance at June 30, 2022 (Valuation Date) 262,535,660 $ 187,202,646 $ 75,333,014 $ Changes Recognized for the Measurement Period:

Service Cost 6,426,053 6,426,053
Interest on the total pension liability 18,016,529 18,016,529 Changes of benefit terms 255,095 255,095
Differences between expected and actual experience 752,648 752,648 Contributions from the employer 6,599,704 (6,599,704) Contributions from employees 5,805,722 (5,805,722)
Net investment income 11,733,448 (11,733,448)
Benefit payments, including refunds of employee
contributions (11,294,672) (11,294,672)
Adminstrative expense (137,660) 137,660
Net Changes during July 1, 2022 to June 30, 2023 14,155,653$ 12,706,542$ 1,449,111$ Balance at June 30, 2023 (Measurement Date) 276,691,313$ 199,909,188$ 76,782,125$ Increase (Decrease)
Safety Plan
Total Pension Plan Fiduciary Net Net Pension
Liability Position Liability/(Asset)
Balance at June 30, 2022 (Valuation Date) 274,179,424 $ 174,788,192 $ 99,391,232 $ Changes Recognized for the Measurement Period:

Service Cost 6,574,473 6,574,473
Interest on the total pension liability 18,927,029 18,927,029 Changes of benefit terms 102,156 102,156
Differences between expected and actual experience 3,108,774 3,108,774 Contributions from the employer 9,807,362 (9,807,362) Contributions from employees 4,184,407 (4,184,407)
Net investment income 10,898,008 (10,898,008)
Benefit payments, including refunds of employee
contributions (12,745,618) (12,745,618)
Adminstrative expense (128,531) 128,531
Net Changes during July 1, 2022 to June 30, 2023 15,966,814$ 12,015,628$ 3,951,186$ Balance at June 30, 2023 (Measurement Date) 290,146,238$ 186,803,820$ 103,342,418$ Increase (Decrease)
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CITY OF CLOVIS
Notes to Financial Statements
For the Year Ended June 30, 2024
Sensitivity of the Net Pension Liability to Cha
nges in the Discount Rate
The following presents the net pensi on liability of the Plan as of t he measurement date, calculated using the
discount rate of 6.90 percent, as well as what the net pension liability woul d be if it were calculated using a discount rate that is 1 percentage-point lower (5.90 percent) or 1 percentage-point higher (7.90 percent) than the current rate:

Discount Rate - 1% Current Discount Discount Rate + 1%
(5.9%) Rate (6.90%) (7.90%)
Miscellaneous Plan 114,793,038$ 76,782,125$ 45,437,195$ Safety Plan 143,901,948$ 103,342,418$ 67,770,536$ Aggretate Total 258,694,986$ 180,124,543$ 113,207,731$ Plan's Net Pension Liability/(Asset)
Pension Plan Fiducia
ry Net Position
Detailed information ab ou
t the plan’s fiduciary net position is available in the separately issued CalPERS financial report.

Deferred Outflows and Deferred Inflows of Resources Related to Pensions Deferred Outflows of Reso
urces
Deferred employer
pension contributions Investment earnings Differences between Total made after Changes less than actual versus pension-related measurement date in assumptions expected earnings expected experience deferred outflows Miscellaneous Plan 7,027,464$ 3,938,373$ 8,930,761$ 537,606$ 20,434,204$ Safety Plan 10,457,046 6,256,077 8,421,676 3,030,122 28,164,921 Total 17,484,510$ 10,194,450$ 17,352,437$ 3,567,728$ 48,599,125$ The City rep
orted $7,027,464 and $10,457,046 as deferred outflows of resources related to contributions for the miscellaneous and safety plan, respectively, subsequent to the measurement date that will be recognized as a reduction of the net pension liability in the year ending June 30, 2024.

Deferred Inflows of Resources
Investment earnings Differences between Total
Changes less than actual versus pension-related
in assumptions expected earnings expected experience deferred inflows Miscellaneous Plan 0$ 0$ (903,442)$ (903,442)$ Safety Plan (2,292,382) (2,292,382)
Total $ 0 (3,195,824)$ (3,195,824)$ 0 $
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CITY OF CLOVIS
Notes to Financial Statements
For the Year Ended June 30, 2024

Amortization of deferred outflows/(inflows) of resources

Other amounts reported as deferred outflows and deferred inflows of resources related to pensions will be recognized in future pension expense as follows:

Measurement Period
Ended June 30 Miscellaneous Plan Safety Plan
2024 3,717,082 $ 3,964,241 $
2025 2,332,038 2,943,822
2026 6,213,533 7,697,414
2027 240,645 810,016
12,503,298$ 15,415,493 $
Deferred Outflows/(Inflows) of Resources

Payable to Pension Plan

At June 30, 2024, the City reported a payable of $0 for the outstanding amount of contributions to the pension plan required for the year ended June 30, 2024.

I. Tax Abatements

The City has not entered into any tax abatement agreem ents as of June 30, 2024. However, the County of Fresno (County) has provided certain tax abatements that affect the property tax revenues of the City.

The County provides property tax abatements through the California Land Conservation (Williamson) Act of 1965. The program enrolls land in Williamson Act or Farmland Security Zone contracts within established agricultural preserves, whereby the land is restricted to agricultural or qualified recreational uses in exchange for reduced property tax assessments. The Williamson Act Program is administered according to the statute and the County’s Interim Program Guidelines adopted by the County’s Board of Supervisors. The County’s Assessor administers the property tax reduction that parcels enr olled in the program receive. Parcels enrolled in the Williamson Act Program are assessed for property tax purposes at a rate consistent with their actual use, rather than the market value of the property. The minimum contract term for the Williamson Act is ten years and for the Farmland Security Zone is twenty years. Both, the Williamson Act and the Farmland Security Zone contracts automatically renew until a notice of non-renewal or a certificate of cancellation is recorded. Under the non- renewal process, the annual tax assessment gradually increases over a defined period of time until the assessment reflects the market value of the property. Under the cancellation process, a onetime cancellation fee is assessed based upon a certain percentage of the unrestricted, current fair market value of the property.

For the fiscal year ended June 30, 2024, the Coun ty’s Williamson Act Program tax abatements were $67,648,947. The City’s affected portion of property tax revenues (approx. 1.9%) is, therefore, $1,285,330.

V. Other information

A. Self insurance

The City is self-insured for general li ability, automobile liability, workers' compensation, group dental and group vision programs. The City is responsible for all claims up to $5,000 per occurrence for automobile liability, $5,000 per occurrence for property, $250,000 per occurr ence for workers' compensation, and $100,000 per occurrence on general liability. The dental and vision prog rams have no individual per occurrence stop-loss and no aggregate annual stop-loss. Excess insurance for all am ounts in excess of the self-i nsured retention in the workers' compensation program is purchased from Local Agency Workers’ Compensation Excess JPA (LAWCX). Consistent with the LAWC X Memorandum of Coverage, LAWCX provides coverage for the City above its self-insured retention of $250,000 up to $5,000,000. LAWCX purchases excess insurance which covers the pool for losses from $5,000,000 to statutory limits.

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CITY OF CLOVIS
Notes to Financial Statements
For the Year Ended June 30, 2024

The City is a
member of the Central San Joaquin Va lley Risk Management Authority (RMA) for the purpose of pooling general liability coverage under a retrospectively rated Memorandum of Coverage. Deposit premiums to the RMA are based on actuarially determined claims co sts, including incurred but not reported claims, and expenses. Premiums are accrued based on the ultimate cost determined by the experience to date of the pool’s member cities. The risk pool covers the City above it s self-insured retention of $100,000 up to $1,000,000. The Authority purchases excess insurance which covers the pool for losses fr om $1,000,001 to $34,500,000. Pool Members may receive rebates when declared by RMA or, in the event excess liability claims against RMA exceed available resources, may be required to make additional contributions through a retrospective adjustment process.

The City accounts for the self-insurance programs in the Self-Insurance Fund and Employee Benefits Fund, both internal service funds. Charges to user departments are reported as interfund transactions.

Incurred but not reported claims have been accrued as a liability for the workers' compensation and dental programs as required in the amount of $4,490,850 based on previous claims experience and actuarial studies.

There were no reductions in insurance coverage from the prior year and there were no settlements that exceeded insurance coverage for the past three fiscal years. Following is a reconciliation of the changes in the City’s aggregate liabilities for claims for the current and prior fiscal year:

Workers'
Compensation Dental Total
Balance, 06/30/22 8,673,000$ 48,000$ 8,721,000$ Claims provision 3,150,811 354,695 3,505,506
Claims paid (3,448,811) (354,695) (3,803,506)
Balance, 06/30/23 8,375,000 48,000 8,423,000
Claims provision 4,652,367 431,698 5,084,065
Claims paid (3,862,367) (431,698) (4,294,065)
Balance, 06/30/24 9,165,000$ 48,000$ 9,213,000$ B. Deferre
d compensation
The Cit
y has established a deferred compensation plan in accordance with Internal Revenue Code Section 457.

The plan, available to all full time employees, permits them to defer a portion of their salary until future years.

Participation in the plan is optional. The deferred compen sation is not available to employees until termination, retirement, death or unforeseeable emergency. All am ounts deferred under the plan and all income attributable to those amounts are solely the property and rights of the plan participants.

Semi-monthly the City forwards all contributions to t he plan administrator, the ICMA Retirement Corporation.

Plan participants may choose from investment options wh ich are managed by the plan trustee. The City has no liability for losses under the plan. As of January 1, 1998 ICMA Retirement Corporation amended the agreement with the City to comply with IRC Section 457 regulations. The assets and related liabilities are not reported on the City’s financial statements in accordance with Governmental Accounting Standards Board Statement No. 32 - “Accounting and Financial Reporting for Internal Revenue Code Section 457 Deferred Compensation Plans.”
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Notes to Financial Statements
For the Year Ended June 30, 2024
C. Postretirement benefits
The City allows its retirees who retire under provisions of a regular service retirement and who have five years of service the opportunity to continue enrollment in the City's health insurance program until age 65. The retirees have the same choice of insurance plans as those of current employees. The retirees are pooled together separately from the active employee pool and pay the full cost of the ins urance premiums without cost to the City.

D. Contingent liabilities
The City partic ipates in a number of federally assi sted grant programs, including those from the U.S.

Department of Housing and Urban Development, U.S. Department of Justice, U.S. Department of Transportation, U.S. Department of Labor, U.S. Depar tment of Health and Human Servic es and the U.S.

Department of Homeland Security. Receipts from these gr ant programs are s ubject to audit to determine if the monies were expended in accordance with the approp riate statutes, grant terms and regulations. The City believes no significant liabilities will result.

E. Claims and litigation
The City is directly and indirectly involved in various su its relating principally to claims arising from construction contracts, personal injury, and property damage. In t he opinion of the City Attorney and City’s management, potential claims against the City resulting from suc h litigation, not covered by insurance, would not materially affect the basic financial statements of the City. As a result, no liability has been accrued by the City relating to these matters as of June 30, 2024.

F. Subsequent events
In August 2024, the Clovis City Council voted to pl ace Measure Y on the November 2024 ballot. Measure Y is 1% sales and use tax measure that, if approved by voters, will provide a local source of funding that the City will be able to use to pay for s ervices such as public safety, repairs to streets, youth programs, parks , programs addressing homelessness, retaining loc al small businesse s/jobs, and other general services. If passed, it is estimated that the sales tax measure would provi de approximately $28 million annually until ended by voters.

The tax is considered a general tax and requires over 50% of voters to approve it to pass. Initial projections show the measure passing, but the results have not been officially certified by the County of Fresno. 82 165
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REQUIRED SUPPLEMENTARY INFORMATION
Schedule of Changes in Net Pension Liability and Related Ratios

California Public Employees' Retirement System (CalPERS) - Miscellaneous Plan Last Ten Fiscal Years
Measurement period 2022-23 2021-22 2020-21 2019-20 2018-19 Total pension liability
Service Cost 6,426,053$ 6,190,461$ 5,383,091$ 5,253,785$ 5,057,577$ Interest on the total pension liability 18,016,529 17,090,128 16,367,097 15,572,381 14,655,898 Changes of benefit terms 255,095
Changes of assumptions 8,861,339
Difference between expected and actual experience 752,648 (1,967,582) (202,740) 1,939,655 3,417,850 Benefit pmts, including refunds of employee contributions (11,294,672) (10,665,437) (9,884,689) (9,261,642) (8,604,933) Net change in total pension liability 14,155,653 19,508,909 11,662,759 13,504,179 14,526,392 Total pension liability - beginning 262,535,660 243,026,751 231,363,992 217,859,813 203,333,421 Total pension liability - ending (a) 276,691,313$ 262,535,660$ 243,026,751$ 231,363,992$ 217,859,813$ Plan fiduciary net position
Contributions - employer 6,599,704$ 6,561,636$ 5,805,693$ 4,995,682$ 4,051,371$ Contributions - employee 5,805,722 5,265,755 5,025,645 4,832,063 4,994,620 Net investment income 11,733,448 (15,397,968) 37,384,459 7,851,765 9,653,940 Benefit pmts, including refunds of employee contributions (11,294,672) (10,665,437) (9,884,689) (9,261,642) (8,604,933) Net Plan to plan resource movement
Administrative expense (137,660) (125,562) (163,223) (218,790) (103,622) Other miscellaneous income/(expense)
1 337
Net change in fiduciary net position 12,706,542 (14,361,576) 38,167,885 8,199,078 9,991,713 Plan fiduciary net position - beginning2
187,202,646 201,564,222 163,396,337 155,197,259 145,205,546 Plan fiduciary net position - ending (b) 199,909,188$ 187,202,646$ 201,564,222$ 163,396,337$ 155,197,259$ Plan net pension liability - ending (a) - (b) 76,782,125$ 75,333,014$ 41,462,529$ 67,967,655$ 62,662,554$ Plan fiduciary net position as a percentage
of the total pension liability 72.25% 71.31% 82.94% 70.62% 71.24% Covered payroll3
34,604,484$ 33,086,378 $ 31,572,381 $ 30,228,914 $ 28,646,712 $ Plan net pension liability as a % of covered payroll 221.88% 227.69% 131.33% 224.84% 218.74%

1 During Fiscal Year 2017-18, as a result of Government al Accounting Standards Boar d Statement (GASB) No. 75, Accounting and Financial Reporting for Postemployment Benefit Plans Other than Pensions (GASB 75), CalPERS reported its proportionate share of activity related to postemployment benefits for participation in the State of California’s agent OPEB plan. Accordingly, CalPERS recorded a one-time ex pense as a result of the adoption of GASB 75.

Additionally, CalPERS employees participate in various Stat e of California agent pension plans and during Fiscal Year 2017-18, CalPERS recorded a correction to previously reported financial statements to properly reflect its proportionate share of activity related to pensions in accordance with GASB Statement No. 68, Accounting and Financial Reporting for Pensions (GASB 68).
2 Includes any beginning of year adjustment
3 Includes one year’s payroll growth using 2.75 percent payroll growth assumpti on for fiscal years ended June 30, 2018- 20; 3.00 percent payroll growth assumption for fiscal years ended June 30, 2014-17.

Notes to Schedule of Changes in Net Pension Liability and Related Ratios:

Benefit Changes: The figures above include any liability impac t that may have resulted fr om voluntary benefit changes that occurred after the June 30, 2019 valuation. However, offe rs of Two Years Additional Service Credit (a.k.a. Golden Handshakes) that occurred after the June 30, 2019 valuation date are not included in the figures above, unless the liability impact is deemed to be material by the plan actuary.

Changes of Assumptions: In November 2021, the inflation and administrative expense assumptions were reduced which resulted in a discount rate reduction from 7.15 percent to 6.90 percent. None in 2019 or 2020. There were no changes in the discount rate. In 2017, the discount rate was reduc ed from 7.65 percent to 7.15 percent. In 2016, there were no changes. In 2015, amounts reported reflect an adjustment of the discount rate from 7.5 percent (net of administrative expense) to 7.65 percent (without a reduction for pension plan administrative expense). In 2014, amounts reported were based on the 7.5 percent discount rate.
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REQUIRED SUPPLEMENTARY INFORMATION
Schedule of Changes in Net Pension Liability and Related Ratios

California Public Employees' Retirement System (CalPERS) - Miscellaneous Plan Last Ten Fiscal Years
Measurement period 2017-18 2016-17 2015-16 2014-15 2013-14 Total pension liability
Service Cost 4,786,244$ 4,581,081$ 4,019,807$ 3,839,364$ 3,770,553$ Interest on the total pension liability 13,670,020 12,863,057 12,118,925 11,339,870 10,627,308 Changes of benefit terms
Changes of assumptions (1,271,290) 10,936,836 (2,825,475) Difference between expected and actual experience 2,414,711 812,258 898,210 265,438 Benefit pmts, including refunds of employee contributions (7,837,606) (6,970,312) (6,395,433) (5,572,456) (5,099,721) Net change in total pension liability 11,762,079 22,222,920 10,641,509 7,046,741 9,298,140 Total pension liability - beginning 191,571,342 169,348,422 158,706,913 151,660,172 142,362,032 Total pension liability - ending (a) 203,333,421$ 191,571,342$ 169,348,422$ 158,706,913$ 151,660,172$ Plan fiduciary net position
Contributions - employer 3,326,932$ 3,204,896$ 2,918,817$ 3,275,626$ 3,096,889$ Contributions - employee 4,295,547 4,080,143 4,002,625 3,097,353 2,553,852 Net investment income 11,445,035 13,602,008 705,624 2,655,292 17,261,431 Benefit pmts, including refunds of employee contributions (7,837,606) (6,970,312) (6,395,433) (5,572,456) (5,099,721) Net Plan to plan resource movement (337)
Administrative expense (209,719) (178,420) (72,943) (134,636) Other miscellaneous income/(expense)1
(398,260)
Net change in fiduciary net position 10,621,592 13,738,315 1,158,690 3,321,179 17,812,451 Plan fiduciary net position - beginning2
134,583,954 120,845,639 119,686,949 116,365,770 98,553,319 Plan fiduciary net position - ending (b) 145,205,546 $ 134,583,954 $ 120,845,639 $ 119,686,949 $ 116,365,770 $ Plan net pension liability - ending (a) - (b) 58,127,875$ 56,987,388 $ 48,502,783 $ 39,019,964 $ 35,294,402 $ Plan fiduciary net position as a percentage
of the total pension liability 71.41% 70.25% 71.36% 75.41% 76.73% Covered payroll3
26,661,340$ 25,396,835 $ 24,405,359 $ 22,815,330 $ 21,224,617 $ Plan net pension liability as a % of covered payroll 218.02% 224.39% 198. 74% 171.03% 166.29%

Notes to Schedule of Changes in Net Pension Liability and Related Ratios:

REQUIRED SUPPLEMENTARY INFORMATION
Schedule of Changes in Net Pension Liability and Related Ratios, Continued

California Public Employees' Retirement System (CalPERS) - Safety Plan Last Ten Fiscal Years
Measurement period 2022-23 2021-22 2020-21 2019-20 2018-19 Total pension liability
Service Cost 6,574,473$ 6,423,279$ 5,626,832$ 5,692,902$ 5,508,074$ Interest on the total pension liability 18,927,029 17,891,502 17,172,665 16,528,674 15,548,223 Changes of benefit terms 102,156
Changes of assumptions 10,724,705
Difference between expected and actual experience 3,108,774 (2,813,898) (1,871,462) 3,334,764 3,526,827 Benefit pmts, including refunds of employee contributions (12,745,618) (12,441,687) (11,535,391) (11,085,026) (10,456,706) Net change in total pension liability 15,966,814 19,783,901 9,392,644 14,471,314 14,126,419 Total pension liability - beginning 274,179,424 254,395,523 245,002,879 230,531,565 216,405,147 Total pension liability - ending (a) 290,146,238$ 274,179,424 $ 254,395,523 $ 245,002,879 $ 230,531,565 $ Plan fiduciary net position
Contributions - employer 9,807,362$ 8,991,444$ 7,861,821$ 6,966,114$ 5,912,775$ Contributions - employee 4,184,407 3,677,476 3,509,463 3,314,861 3,219,394 Net investment income 10,898,008 (14,479,614) 35,205,099 7,391,522 9,280,425 Benefit pmts, including refunds of employee contributions (12,745,618) (12,441,687) (11,535,391) (11,085,026) (10,456,706) Net Plan to plan resource movement
Administrative expense (128,531) (117,834) (154,108) (208,492) (99,933) Other miscellaneous income/(expense)
1 325
Net change in fiduciary net position 12,015,628 (14,370,215) 34,886,884 6,378,979 7,856,280 Plan fiduciary net position - beginning2 174,788,192 189,158,407 154,271,523 147,892,544 140,036,264 Plan fiduciary net position - ending (b) 186,803,820$ 174,788,192 $ 189,158,407 $ 154,271,523 $ 147,892,544 $ Plan net pension liability - ending (a) - (b) 103,342,418$ 99,391,232 $ 65,237,116$ 90,731,356$ 82,639,021$ Plan fiduciary net position as a percentage
of the total pension liability 64.38% 63.75% 74.36% 62.97% 64.15% Covered payroll3 20,759,310$ 19,923,322 $ 19,061,084 $ 19,148,678 $ 18,354,740 $ Plan net pension liability as a % of covered payroll 497.81% 498.87% 342.25% 473.83% 450.23%

Notes to Schedule of Changes in Net Pension Liability and Related Ratios:

REQUIRED SUPPLEMENTARY INFORMATION
Schedule of Changes in Net Pension Liability and Related Ratios, Continued

California Public Employees' Retirement System (CalPERS) - Safety Plan Last Ten Fiscal Years
Measurement period 2017-18 2016-17 2015-16 2014-15 2013-14 Total pension liability
Service Cost 5,400,076$ 5,070,624$ 4,128,912$ 3,953,791$ 3,803,175$ Interest on the total pension liability 14,583,496 13,834,596 13,060,555 12,319,585 11,633,302 Changes of assumptions (626,378) 11,813,770 (3,070,074) Difference between expected and actual experience 1,258,478 1,747,504 1,309,944 936,342 Benefit pmts, including refunds of employee contributions (9,686,731) (8,769,084) (8,144,855) (7,825,158) (7,071,659) Net change in total pension liability 10,928,941 23,697,410 10,354,556 6,314,486 8,364,818 Total pension liability - beginning 205,476,206 181,778,796 171,424,240 165,109,754 156,744,936 Total pension liability - ending (a) 216,405,147$ 205,476,206$ 181,778,796$ 171,424,240$ 165,109,754$ Plan fiduciary net position
Contributions - employer 5,062,611$ 4,872,316$ 4,263,677$ 4,110,362$ 3,752,858$ Contributions - employee 3,107,991 2,967,546 2,806,615 2,157,404 1,915,171 Net investment income 11,067,806 13,334,234 611,274 2,616,436 17,731,050 Benefit pmts, including refunds of employee contributions (9,686,731) (8,769,084) (8,144,855) (7,825,158) (7,071,659) Net Plan to plan resource movement (325)
Administrative expense (204,254) (175,470) (72,758) (134,357) Other miscellaneous income/(expense)1
(387,882)
Net change in fiduciary net position 8,959,216 12,229,542 (536,047) 924,687 16,327,420 Plan fiduciary net position - beginning2
131,077,048 118,847,506 119,383,553 118,458,866 102,131,446 Plan fiduciary net position - ending (b) 140,036,264$ 131,077,048$ 118,847,506$ 119,383,553$ 118,458,866$ Plan net pension liability - ending (a) - (b) 76,368,883$ 74,399,158$ 62,931,290$ 52,040,687$ 46,650,888$ Plan fiduciary net position as a percentage
of the total pension liability 64.71% 63.79% 65.38% 69.64% 71.75% Covered payroll3
17,992,455$ 16,912,791 $ 15,361,676 $ 14,732,611 $ 13,667,214 $ Plan net pension liability as a % of covered payroll 424.45% 439.90% 409.66% 353.23% 341.33%

Notes to Schedule of Changes in Net Pension Liability and Related Ratios:

REQUIRED SUPPLEMENTARY INFORMATION

Schedule of Pension Contributions

California Public Employees' Retirement System (CalPERS) - Miscellaneous Plan Last Ten Fiscal Years
2023-241 2022-231 2021-221 2020-211 2019-201
Actuarially determined contribution2
7,027,464$ 6,599,704 $ 6,561,636 $ 5,805,693 $ 4,995,682 $ Contributions to actuarially determined
contribution2
(7,027,464) (6,599,704) (6,561,636) (5,805,693) (4,995,682) Contribution deficiency (excess) 0 $ 0 $ 0 $ 0 $ 0 $ Covered payroll3
34,499,993$ 33,495,139 $ 32,519,552 $ 31,572,381 $ 30,228,914 $ Contributions as a percentage of covered payroll3

20.37% 19.70% 20.18% 18.39% 16.53%
2018-191 2017-181 2016-171 2015-161 2014-151
Actuarially determined contribution2
4,051,371$ 3,326,932 $ 3,204,896 $ 2,918,817 $ 3,275,626 $ Contributions to actuarially determined
contribution2
(4,051,371) (3,326,932) (3,204,896) (2,918,817) (3,275,626) Contribution deficiency (excess) 0 $ 0 $ 0 $ 0 $ 0 $ Covered payroll3
28,646,712$ 26,661,340 $ 25,396,835 $ 24,405,359 $ 22,815,330 $ Contributions as a percentage of covered payroll3

14.14% 12.48% 12.62% 11.96% 14.36%

1 As prescribed in GASB 68, par agraph 46, the information pr esented in the Schedule of Plan Contributions should also be presented as of the employer’s most recent fiscal ye ar-end. The employer is responsible for determining this information as prescribed by the standard as this data is not available to CalPERS. 2 Employers are assumed to make contributions equal to the actuarially determined contributions. However, some employers may choose to make additional contributions towa rds their unfunded liability. Empl oyer contributions for such plans exceed the actuarially determined contributions.
3 Includes one year’s payroll growth using 2.75 percent payroll assumption for fiscal year ended June 30, 2018; 3.00 percent payroll assumption for fiscal years ended June 30, 2014-17.

Valuation Date: The actuarial methods and assumptions used to set the actuarially determined contributions for Fiscal Year 2019-20 were derived from the June 30, 2017 funding valuation report.

Methods and assumptions used to determine contribution rates:

Actuarial cost method Entry Age Normal Cost Method
Amortization method/Period For details, see June 30, 2017 Funding Valuation Report Asset valuation method Fair Value of Assets. For details, see June 30, 2017 Funding Valuation Report.

Inflation 2.50%
Salary increases Varies by Entry Age and Service
Payroll Growth 2.75%
Investment rate of return 7.00%, net of pension plan investment & admin exps; includes inflation.

Retirement age
Mortality
The probabilities of Retirement are based on the 2017 CalPERS Experience Study for the period from 1997 to 2015.

The probabilities of mortality are based on the 2017 CalPERS Experience Study for the period from 1997 to 2015. Pre-retirement and Post-retirement mortality rates include 15 years of projected mortality improvement using 90% of Scale MP-2016 published by the Society of Actuaries.
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REQUIRED SUPPLEMENTARY INFORMATION

Schedule of Pension Contributions, Continued

California Public Employees' Retirement System (CalPERS) – Safety Plan Last Ten Fiscal Years
2023-241 2022-231 2021-221 2020-211 2019-201
Actuarially determined contribution2
10,457,046$ 9,807,362 $ 8,991,444 $ 7,861,821 $ 6,966,114 $ Contributions to actuarially determined
contribution2
(10,457,046) (9,807,362) (8,991,444) (7,861,821) (6,966,114) Contribution deficiency (excess) 0 $ 0 $ 0 $ 0 $ 0 $ Covered payroll3
20,828,561$ 20,221,904 $ 19,632,917 $ 19,061,084 $ 19,148,678 $ Contributions as a percentage of covered payroll3

50.21% 48.50% 45.80% 41.25% 36.38%
2018-191 2017-181 2016-171 2015-161 2014-151
Actuarially determined contribution2
5,912,775$ 5,062,611 $ 4,872,316 $ 4,263,677 $ 4,110,362 $ Contributions to actuarially determined
contribution
2 (5,912,775) (5,062,611) (4,872,316) (4,263,677) (4,110,362) Contribution deficiency (excess) 0 $ 0 $ 0 $ 0 $ 0 $ Covered payroll3
18,354,740$ 17,992,455 $ 16,912,791 $ 15,361,676 $ 14,732,611 $ Contributions as a percentage of covered payroll3

32.21% 28.14% 28.81% 27.76% 27.90%

Valuation Date: The actuarial methods and assumptions used to set the actuarially determined contributions for Fiscal Year 2019-20 were derived from the June 30, 2017 funding valuation report.

Methods and assumptions used to determine contribution rates:

Inflation 2.50%
Salary increases Varies by Entry Age and Service
Payroll Growth 2.75%
Investment rate of return 7.00%, net of pension plan investment & admin exps; includes inflation.

Retirement age
Mortality The probabilities of mortality are based on the 2017 CalPERS Experience Study for the period from 1997 to 2015. Pre-retirement and Post-retirement mortality rates include 15 years of projected mortality improvement using 90% of Scale MP-2016 published by the Society of Actuaries.

The probabilities of Retirement are based on the 2017 CalPERS Experience Study for the period from 1997 to 2015.

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Nonmajor Governmental Funds
___
_______________________________
S
pecial Revenue Funds
S
pecial revenue funds are used to account for specific revenues that are legally restricted for particular purposes.

O
ff Highway Use Fund - This fund is used to account for the revenue received from the off-highway users fee since the fee can only be used for off-road facilities.

H
ousing & Community Development Fund - This fund is used to account for the revenue and expenses for the Community Development Block Grant operational activities.

C
ommunity Facilities District 2020- 1 Fund (Dry Creek Preserve Sewer Facilities and Services) - This fund is used to collect funds to finance all costs associated with the maintenance and operation of certain temporary public sewer facilities and the eventual replacement of those temporary facilities with permanent public sewer facilities.

D
ebt Service Funds
T
he debt service fund is used to account for the accumulation of resources and payment of bond principal and interest when the government is obligated in some manner for the payment. 1976
Fire and Sewer Bond Fund - This fund is used to account for the proceeds of the 1976 Fire and Sewer Bond sale and the annual debt service.

C
apital Projects Funds
C
apital projects funds are used to account for the acquisition and construction of major capital facilities other than those financed by proprietary funds and trust funds.

P
ark and Recreation Improvement Fund - This fund is used to account for capital improvements for parks, including acquisition of property. Revenues come from developer fees and grants.

R
efuse Equipment Reserve Fund - This fund is used to account for the revenue generated by developer fees for the acquisition of equipment for refuse collection and disposal. 91 174
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Clovis City CouncilDecember 9, 2024

Clovis City Council
December 9, 2024