CHANGES IN FUND BALANCES OF GOVERNMENTAL FUNDS
LAST TEN FISCAL YEARS
(modified accrual basis of accounting)
For the Fiscal Year Ended June 30.
2015 2016 2017 2018 2019
Revenues:
Property taxes $ 19,842,732 $ 20,649,898 $ 22,391,753 $ 24,832,576 $ 26,667,913 Sales taxes 18,037,581 19,119,633 19,675,483 20,425,341 21,597,179 Business license & Franchise taxes 4,929,246 5.271,321 5,300,062 6,891,105 5,788,765 Transient occupancy taxes 2,382,421 2,550,809 2,705,284 2.870,536 2,895,987 Licenses and permits 583,060 584,412 330,336 412,460 778,319 Fines and forfeitures 207,358 253,841 140,193 227,831 195,146 Use of money and property 144,328 170,213 173,524 585,707 1,134,952 From other agencies 12,484,156 10,990,248 11,473,015 13,962,855 15,787,432 Charges for current services 5,794,337 6,544,320 8.060,073 7,442,164 9.620,602 Other revenues 5,469.201 5,730,691 5,634,697 5.358,986 5,831.451 Total revenues 69,874,420 71,865.386 75,884,420 83.009.561 90.297.746 Expenditures
Current:
General government 5,622,192 5,620,922 6,287,114 6,163,620 6,818,113 Public safety 40,767,185 43, 136,838 46,476,211 49,688,800 52,034,209 Transportation 3,595,841 3,828,619 4,032,061 4, 169,509 4,506,493 Community development 917,702 577,483 1,757,867 1,913,909 686,251 Cultural and recreation 5,409,366 5,541,908 5,914,052 6,108,769 6,993,547 Debt service:
Principal
Interest and fiscal charges
Bond issue costs
Capital outlays 6532937- 8.516,678 9.818.090
Total expenditures 3800000 72.983.983 2390100 - 80,856,703 Excess (deficiency) of revenues
over (under) expenditures 3,761,335 6,635,789 2,900,437 8,057,945 9,441,043 Other financing sources (uses):
Transfers in
Transfers out (1,211,000) (3,188,000) (506,700) (1,975,000) Total other financing sources (uses) (1.211,000) (3,188,000) (506,700) (1.819.000) Net change in Fund balances 2,550.335 2,585.789 (287,563) 7.551.245. 7.622,043 Debt service as a percentage of noncapital expenditures 0.0% 0.0% 0.0% 0.0% 0.0% 118
CITY OF CLOVIS Page 2 of 2
CHANGES IN FUND BALANCES OF GOVERNMENTAL FUNDS
LAST TEN FISCAL YEARS
(modified accrual basis of accounting)
For the Fiscal Year Ended June 30,
2020 2021 2022 2023 2024
Property taxes $ 28,520.413 $ 30,377,419 $ 33.240.530 $ 36.213.178 $ 39,288,942 Sales taxes 22.393.757 27,526,307 31,105,966 30.238,078 29.516,137 Business license & Franchise taxes 6.008.671 6.360,691 6,819,233 7,125,400 7,684.608 Transient occupancy taxes 2,743,490 3,538,141 3,780,220 4,309.917 5.390,581 Licenses and permits 526,291 804,977 1.374,447 1,332,924 1,307,374 Fines and forfeitures 188,334 150,920 189,018 260,164 190,317 Use of money and property 1,914,715 271,010 (1,578,778) 664,075 4,659,155 From other agencies 26,007,449 31,247,370 29,337,210 28.278,996 23,799,245 Charges for current services 7.788,344 8.054,434 9,803.524 11,761,752 9,669,780 Other revenues 6.185.944 6.153.290 6.723,637 6.959.681 7.488.595 Total revenues 102,277.408 114.484,559 120,795.007 127.144,165 128.994,734 Current:
General government 6,930,929 7,576,845 7,464,459 8.120,203 8,851,777 Public safety 54,300.092 58,574,671 63,297.211 72,210.311 77,456,919 Transportation 4,438.270 4,481,127 5,194,042 5,362,350 5,861,579 Community development 330,247 2,999,876 846,379 1,177,004 1,056,512 Cultural and recreation 7.040,642 7.179,605 8,471,633 9,617,862 10,285,161 Debt service:
Principal
Interest and fiscal charges
Bond issue costs
Capital outlays 23.836,451 10.712,079 12.760,383 27.957,286 19.083.552 Total expenditures 96.876,631 91.524,203 98.034,107 124,445,016 122,595,500 Excess (deficiency) of revenues
over (under) expenditures 5,400,777 22,960,356 22,760,900 2,699,149 6,399,234 Transfers in 454,000 128,000 114,000
Transfers out (3,110,000) (18,445,300) (9,015,300) (3501,000) (5,914,000) Total other financing sources (uses) (2.656.000) (18.445,300) (9.015,300) (3,373,000) (5,800,000) Net change in Fund balances 2.744,777 $ 4,515.056 $ 13.745.600 (673,851) 599.234 Debt service as a percentage of noncapital expenditures 0.0% 0.0% 0.0% 0.0% 0.0% 119
CITY OF CLOVIS
FUND BALANCES OF GOVERNMENTAL FUNDS
LAST TEN FISCAL YEARS
(modified accrual basis of accounting)
General Fund
Fiscal Year
Ended
June 30, Nonspendable Restricted Assigned Unassigned Total 2015 $ 855,000 $ 2,368,439 $ 10,000,000 3,702,156 $ 16,925,595 2016 2,738,023 11,779,000 2,925,095 17,442,118
2017 3,189,504 12,152,000 708,019 16,049,523
2018 4,309,112 12,424,000 3,618,238 20,351,350
2019 4,960,824 13,512,000 4,433,151 22,905,975
2020 5,811,491 13,748,000 4, 114,250 23,673,741
2021 6,680,015 17,011,500 1,280,958 24,972,473
2022 7,434,722 20,844,500 8,414,521 36,693,743
2023 8,211,235 22,215,100 7,408,320 37,834,655
2024 9,502,005 24,262,700 4,186,284 37,950,989
All Other Governmental Funds
Fiscal Year
Ended
June 30, Nonspendable Restricted Assigned Unassigned Total 2015 $ 6,865,628 $ 6,349,429 $ 10,283,400 $ 23,498,457
2016 16,002,504 4,423,900 20,426,404
2017 7,528,473 18,886,282 258,000 26,672,755
2018 26,555,512 258,000 26,813,512
2019 27,613,930 4,267,000 31,880,930
2020 32,145,941 1,712,000 33,857,941
2021 35,202,765 1,871,500 37,074.265
2022 29,800,295 9,298,300 39,098,595
2023 30,571,832 6,712,000 37,283,832
2024 35,645,732 2,121,000 37,766,732
120
CITY OF CLOVIS
ASSESSED AND ESTIMATED ACTUAL VALUE OF PROPERTY
LAST TEN FISCAL YEARS
Fiscal
Year Real Property Personal Property Exemptions Net Total Ended Assessed Estimated Assessed Estimated Assessed Estimated Direct June 30, Value Actual Value Value Actual Value Homeowners Value Actual Value Tax Rate 2015 $ 8,158,612,400 $ 8,158,612,400 $ 204,592,938 $ 204,592,938 $ 101,969,400 $ 8.261,235,938 $ 8,363,205,338 0% 2016 8,909,486,957 0%
2017 0%
2018 10,033,990,678 10,033,990,678 221,666,625 10,157,970,403 10,255,657,303 0% 2019 10,593,683, 186 10,593,683,186 212,862,653 10,709,969,739 10,806,545,839 0% 2020 11,401,543,797 213,768,044 11,518,988,941 11.615,311,841 0% 2021 12.221,160.827 12.221,160,827 12,456,846,593 0%
2022 13,064,591.432 13.064,591,432 234,727,451 0%
2023 14,175,785,247 14,175,785,247 266,218,727 14,347,247,474 14,442,003,974 0% 2024 15,201,926,453 15,201,926,453 323,846,805 323,846,805 15,431,328,658 15,525.773,258 0% Note: Effective fiscal year 1981-82 and fiscal years thereafter, assessed value is 100% of market value.
The rate applied to the assessed value for county wide property tax is 1%.
Source: Fresno County Auditor Controller/Treasurer Tax Collector FY2023-24 Tax Rate Book 121
CITY OF CLOVIS
PROPERTY TAX RATES - DIRECT AND OVERLAPPING GOVERNMENT
LAST TEN FISCAL YEARS
Fiscal Year Clovis Unified State Center
Ended City of School District General Obligation
June 30, Clovis Bond Bond County Wide Total
2015 0.000000 0.155346 0.009308 1.000000 1.164654
2016 0.155350 0.008064 1.000000 1.163414
2017 0.155350 0.008480 1.163830
2018 0.398998 0.025934 1.424932
2019 0.000000 0.155350 0.022966 1.178316
2020 0.00000C 0.155352 0.025786 1.181138
2021 0.000000 0.155356 0.025672 1.181028
2022 O.155350 0.018088 1.173438
2023 0.000000 0.155330 0.028470 1.176200
2024 0.000000 0. 155350 0.020920
Note: The basis for the tax rates is per $100 assessed valuation.
Source: Fresno County Auditor Controller/Treasurer Tax Collector FY2023-24 Tax Rate Book 122
CITY OF CLOVIS
PRINCIPAL PROPERTY TAX PAYERS
CURRENT YEAR AND TEN YEARS AGO
2024 2015
Percent of Percent of
Total City Total City
Taxable Taxable Taxable Taxable
Assessed Assessed Assessed Assessed
Taxpayer Value (1) Rank Value Value (1) Rank Value
Fresno Community Hospital % Medical CTR $ 145,834 1 0.88% $ 112,367 1.27% 310 Amedeo Owner LLC 56,560 2 0.34%
Community Hospitals of Central California 53,766 3 0.33% RLO LLC 49,214 4 0.30%
Lennar Homes of California Inc 45,387 5 0.27%
Prindiville Dennis Trustee 39,460 6 0.24% 41,270 2 0.47% LTC West Inc 38,686 7 0.23%
KB Home South Bay Inc 37,940 8 0.23%
PD Village Green LP 32,591 9 0.20%
Ashlan Avenue Apartments LLC 32,038 10 0.19%
Pelco 25,985 4 0.29%
BRE Throne Clovis Commons LLC 37,682 3 0.43%
Clovis-Herndon Center I! LLC 25,092 5 0.28%
Wal-Mart Real Estate Business Trust 24,546 6 0.28%
GSF Sunnyside Clovis Investors L P 22,672 0.26%
Copper Beech Townhome Communities 21,000 8 0.24%
Clovis Apartment Group LLC 19,721 9 0.22%
Butler Investment Group LLC 18,131 10 0.20%
$ 531,476 3.21% $ 348,466 3.94%
(1) Amounts in thousands.
Source: City of Clovis-GIS
Fresno County Assessor
123
CITY OF CLOVIS
PROPERTY TAX LEVIES AND COLLECTIONS
LAST TEN FISCAL YEARS
Ratio of Ratio of
Percent of Total Tax Current
Fiscal Year Total Current Delinquent Total Collections Current Delinquent Ended Tax Current Tax Taxes Tax Tax to Total Delinquent Taxes to Total June 30, Levy Collections Collected Collections, Collections Tax Levy Taxes Tax Levy:
2015 $ 10,824,263 $ 10,592,809 $ 202,176 $ 10,794,985 99.7 $ 155,869 1.440 2016 11,475,064 11,371,562 111,527 11,483,089 100.1 159,503 1.390 2017 12,116,560 11,966,405 160,797 12,127,202 100.1 169,390 1.398 2018 13,366,204 13,159,337 268,359 13,427,696 100.5 187,528 1.403 2019 14,248,564 13,928,737 138,109 14,066,846 98.7 196,915 1.382 2020 14,932,240 14,428,282 196,398 14,624,680 97.9 244,291 1.636 2021 16,131,046 15,784,387 325,023 16,109,410 99.9 231,803 1.437 2022 17,256,877 16,649,714 16,932,431 98.1 260,234 1.508 2023 18,909,514 18,216,075 18,521,283 97.9 313,898 1.660 2024 20,468,477 19,748,488 280,221 20,028,709 97.9 349,397 1.707 Notes: Amounts include only General Fund tax collections. , Includes prior year delinquent tax collections.
The ratio of current delinquent taxes represents the Fresno County wide rate as the County of Fresno i:
unable to provide the City of Clovis' delinquent tax ratio Sources: Fresno County Assessor's Office
Fresno County Auditor Controller
124
CITY OF CLOVIS
RATIOS OF OUTSTANDING DEBT BY TYPE
LAST TEN FISCAL YEARS
Fiscal Year Loans/ Notes/Direct Debt Debt
Ended Subscription Lease Revenue Capital Contracts Placements Per Per June 30, Liability Liability Bonds (1) Leases (1) Payable (1) Payable (1) Total AV Capita Governmental Activities
2015 $ 0 $ 0 $ 23,655,822 $ 1,805,112 $ 25,460,934 $ 0.003 $ 244 2016 0 26,850,329 0 28,574,708 0.004 274
2017 0 0 0 24,154,921 25,635,544 0.003 231
2018 0 0 22,066,356 23,261,866 0.002 204
2019 0 0 11,284,736 8,997,833 23,028,454 0.002 197
2020 0 0 9,413,689 7,992,401 20,174,573 0.002 169
13,943,941 ШИШЛ 16,494,902 0.003 270
2021 32,878,749
2022 0 13,773,862 0 13,834,128 29,778,414 0.002 241
2023 115,279 13,473,784 11,370,846 26,868,814 0.002 215 2024 1,102,730 577,017 13,168,706 0 9,077,447 26,701,467 0.002 212 Business-type Activities
2015 $ 137,462,213 $ 9,018,510 $ 0 $ 146,480,723 $ 0.018 $ 1,404 2016 130,540,195 8,205,774 0 138,745,969 0.017 1,330
2017 125,639,953 7,350,311 0 132,990,264 0.014 1,201
2018 118,831,052 6,449,775 125,280,827 0.012 1,100
2019 0 114,115,888 5,502,287 0 119,618,175 0.011 1,022
2020 0 109,265,725 4,505,030 0 113,770,755 0.010 955
2021 0 104,255,563 3,455,186 0 107,710,749 0.010 884
2022 0 99,030,400 2,355,574 101,385,974 0.009 820
2023 93,585,238 1,203,845 0 94,789,083 0.007 761
2024 117,070 87,414,061 0 0 87,531,131 0.006 694
Total Primary Government
2015 $ $ $ 137,462,213 $ 23,655,822 $ 10,823,622 $ O $ 171,941,657 $ 0.021 $ 1,648 2016 130,540,195 26,850,329 9,930,153 167,320,677 0.021 1,604 2017 125,639,953 24,154,921 8,830,934 0 158,625,808 0.017 1,432 2018 118,831,052 22,066,356 7,645,285 0 148,542,693 0.015 1,304 2019 0 114,115,888 11,284,736 8,248,172 8,997,833 142,646,629 0.013 1,219 2020 109,265,725 9,413,689 7,273,513 7,992,401 133,945,328 0.012 1,124 2021 118,199,504 5,895,092 16,494,902 140,589,498 0.013 1,154 2022 0 112,804,262 4,525,998 13,834,128 131, 164,388 0.011 1,061 2023 115,279 107,059,022 3,112,750 11,370,846 121,657,897 0.008 976 2024 1,219,800 577,017 100,582,767 0 2,775,567 9,077,447 114,232,598 0.007 906 (1) Presented net of original issuance discounts and premiums.
Source: City of Clovis Finance Department
125
CITY OF CLOVIS
RATIO OF NET GENERAL OBLIGATION BONDED DEBT
TO ASSESSED VALUE AND NET GENERAL OBLIGATION BONDED DEBT PER CAPITA
LAST TEN FISCAL YEARS
Fiscal Year Ratio of Net Net
Ended Estimated Assessed Gross Bonded Less Debt Net Bonded Debt to Bonded Debt June 30, Population Valuation Debt (1) Service Fund Bonded Debt Assessed Value Per Capita 2015 104,339 $ 8,158,612,400 $ 0 $ 0 $ 0 0.00% $ 0
2016 108,039 8,696,361,855 0.00% 0
2017 110,762 9,179,714,485 0 0 0.00% 0
2018 113,883 10,157,970,403 0 0.00% 0
2019 117,003 10,709,969,739 0 0.00% 0
2020 119,175 11,518,988,941 0.00%
2021 121,834 12,360,811,493 0.00% 0
2022 123,665 13,205,085,283 00000 0.00%
2023 124,523 14,347,247,474 0.00% 0
2024 126,133 15,431,328,658 0.00%
(1) Amount does not include special assessment bonds.
Source: Fresno County Auditor Controller/Treasurer Tax Collector 126
CITY OF CLOVIS
RATIO OF ANNUAL DEBT SERVICE EXPENDITURES
FOR GENERAL OBLIGATION BONDED DEBT
TO TOTAL GENERAL GOVERNMENTAL EXPENDITURES
LAST TEN FISCAL YEARS
Total Ratio of
Fiscal Year General Debt Service to
Ended Total Governmental General Government
June 30, Principal Interest Debt Service Expenditures (1) Expenditures 2015 $ $ $ $ 66,113,085 0.0
2016 0 65,229,597 0.0
2017 72,983,983 0.0
2018 0 74,951,616 0.0
2019 0 80,856,703 0.0
2020 0 96,876,631 0.0
2021 0 0 0 91,524,203 0.0
2022 98,034,107 0.0
2023 124,445,016 0.0
2024 0 122,595,500 0.0
(1) Includes all governmental fund types (General, Special Revenue, Debt Service and Capital Projects Funds). 127
CITY OF CLOVIS
COMPUTATION OF DIRECT AND OVERLAPPING GOVERNMENTAL ACTIVITIES DEBT JUNE 30, 2024
023/2024 Assessed Valuation: $ 15,525,773,25
rect and overlapping Deb
% Applicable* Debt
Direct Debt:
City of Clovis Direct Borrowings 100.00% 9,077,447
City of Clovis Revenue Bonds 100.00% 13,168,706
City of Clovis Loans Payable 100.00% 2,775,567
City of Clovis Subscription Liability 100.00% 1,219,800 City of Clovis Lease Liability 100.00% 577.017
Total Net Direct and Direct Bonded Debt $ 26,818,537
Overlapping Bonded Debt:
Fresno County General Fund Obligations 14.699% $ 2,754,593 Fresno County Pension Obligations 14.699% 26,348,586
State Center Community College District 13.378% 49,555,457 Clovis Unified School District 42.515% 246,511,531
Clovis Unified School District General Fund Obligations 42.515% 69,336,638 Clovis Memorial District General Fund Obligations 45.640% 1,572,986 Fresno Unified School District 2.114% 16,947,770
Fresno Unified School District General Fund Obligations 2.114% 104,326 Sanger Unified School District 1.288% 3,240,473
Sanger Unified School District General Fund Obligations 1.288% 1,493,629 Total Gross Overlapping Bonded Debt $ 417,865,989
Overlapping Tax Increment Debt:
Total Gross Overlapping Tax Increment Debt 100.00% 8,620,000 Total Gross Overlapping Debt $ 426,485,989
Total Net Direct and Overlapping Bonded Debt $ 453,304.526_(1) (1) Excludes tax and revenue anticipation notes, enterprise revenue, mortgage revenue and tax allocation bonds and non-bonded capital lease obligations.
Ratios to Assessed Valuation:
Total Overlapping Tax and Assessment Debt 2.75%
Total Direct and Direct Bonded Debt 0.17%
Combined Total Debt 2.92%
Ratios to Redevelopment Incremental Valuation 51,138,644,965 Total Overlapping Tax Increment Debt 0.76%
Share of Authorized and Unsold Bonds:
City of Clovis $ 2,000,000
Hasn't changed
Source: California Municipal Statistics & City of Clovis since 1995. *The percentage of overlapping debt applicable to the City is estimated using taxable assessed property value.
Applicable percentages were estimated by determining the portion of the overlapping district's assessed value that is within the boundaries of the City divided by the district's total assessed value. 128
CITY OF CLOVIS
COMPUTATION OF LEGAL DEBT MARGIN INFORMATION
LAST TEN FISCAL YEARS
Total Net Debt
Fiscal Year Total Net Debt Applicable to the Limit
Ended Applicable to Legal Debt As a Percentage
June 30, Debt Limit Limit Margin of Debt Limit
2015 $ 1,254,480,801 0 $ 1,254,480,801
2016 1,336,423,044 1,336,423,044
2017 1,409,146,646 1,409,146,646 0
2018 1,538,348,595 1,538,348,595
2019 1,620,981,876 1,620,981,876
2020 1,742,296,776 1,742,296,776
2021 1,868,526,989 1,868,526,989 0
2022 1,994,897,832 1,994,897,832
2023 2,166,300,596 2,166,300,596
2024 2,328,865,989 2,328,865,989
LEGAL DEBT MARGIN CALCULATION FOR FISCAL YEAR 2023
Assessed Valuations:
Assessed Value $ 15,431,328,658
Add back exempt property 94,444,600
Total Assessed Value $ 15,525,773,258
Legal Debt Margin:
Debt Limitation-15 percent of total assessed value $ 2,328,865,989 Debt applicable to Limitation:
Total bonded debt
Less: Amount in debt service funds available
for payment of principal 0
Total debt applicable to Limitation 0
Legal Debt Margin: $ 2,328,865,989
129
CITY OF CLOVIS
REVENUE BOND COVERAGE
LAST TEN FISCAL YEARS
REFUSE DISPOSAL FUND
Fiscal Year Net Revenue
Ended Gross Operating Available for Debt Service Requirements (3) June 30, Revenues (1) Expenses (2) Debt Service Principal Interest Total Coverage 2015 $ 16,612,320 $ 14,612,658 $ 1,999,662 • $ 625,000 $ 146,765 $ 771,765 2.59 2016 16,684,608 15,578,895 1,105,713 655,000 114,268 769,268 1.44 2017 16,883,872 15,600,372 1,283,500 690,000 80,063 1.67 2018 18,030,852 16,042,168 1,988,684 725,000 12,511 2.70 2019 19,172,744 18,301,846 870,898 0 0 0 N/A
2020 19,786,605 19,599,590 187,015 0 N/A
2021 20,538,541 19,990,095 548,446 N/A
2022 21,809,342 21,342,044 467,298 0 N/A
2023 23,586,930 23,231,505 355,425 NIA
2024 24,542,122 24,109,889 432,233 0 NIA
SEWER SERVICE FUND
Fiscal Year Net Revenue
Ended Gross Operating Available for Debt Service Requirements (3) June 30, Revenues (4) Expenses (2) Debt Service Principal Interest Total Coverage 2015 $ 22,072,796 8,248,142 $ 13,824,654 $ 1,870,000 $ 4,801,933 $ 6,671,933 2.07 2016 21,366,761 8,813,564 12,553,197 1,930,000 4,575,379 6,505,379 1.93 2017 19,205,582 9,069,315 10,136,267 1,480,000 2,837,163 4,317,163 2.35 2018 21,721,290 9,450,348 12,270,942 2,185,000 4,006,507 6,191,507 1.98 2019 22,175,017 10,126,785 12,048,232 2,075,000 3,806,133 5,881,133 2.05 2020 25,862,697 11,165,176 14,697,521 2,135,000 3,749,252 5,884,252 2.50 2021 20,806,290 11,339,009 9,467,281 2,210,000 3,688,531 5,898,531 1.61 2022 21,946,687 12,272,210 9,674,477 2,320,000 3,587,206 5,907,206 1.64 2023 25,557,340 13,041,364 12,515,976 2,430,000 3,466,555 5,896,555 2.12 2024 21,260,756 14,396,908 6,863,848 2,555,000 3,344,706 5,899,706 1.16
WATER SERVICE FUND
Fiscal Year Net Revenue
Ended Gross Operating Available for Debt Service Requirements (3) June 30, Revenues (4) Expenses (2) Debt Service Principal Interest Total Coverage 2015 $ 19,133,751 $ 10,860,381 8,273,370 $ 1,630,000 $ 1,367,074 $ 2,997,074 2.76 2016 16,769,010 10,955,394 5,813,616 1,685,000 1,301,145 2,986,145 1.95 2017 18,717,047 11,977,373 6,739,674 1,755,000 1,232,816 2,987,816 2.26 2018 21,537,742 12,618,522 8,919,220 1,825,000 1,161,688 2,986,688 2.99 2019 27,118,081 13,346,057 13,772,024 1,890,000 1,087,826 2,977,826 4.62 2020 23,939,392 14,798,151 9,141,241 1,965,000 1,011,231 2,976,231 3.07 2021 22,776,199 21,116,633 1,659,566 2,050,000 958,688 3,008,688 0.55 2022 24,952,968 17,717,090 7,235,878 2,155,000 856,188 3,011,188 2.40 2023 28,597,236 18,381,039 10,216,197 2,265,000 748,438 3,013,438 3.39 2024 27,620,683 20,861,082 6,759,601 2,340,000 601,803 2,941,803 2.30 (1) Total revenues, including interest.
(2) Total operating expenses exclusive of depreciation. (3) Includes principal and interest of revenue bonds only. It does not include the other debt reported in the refuse and sewer funds
(4) Total revenues, including interest and capital contributed by developers. The amount contributed by developers is available for payment of annual debt service and is therefore included in gross revenue for the purposes of this schedule.
Note: This schedule does not represent legal bond covenants. 130
CITY OF CLOVIS
DEMOGRAPHIC STATISTICS
LAST TEN FISCAL YEARS
Fiscal Year City City Population Fresno County City
Ended City Unemployment Fresno County as % of Unemployment Median June 30, Population% Change _Rate Population County Population Rate Income 2015 104,339 2.10 7.50 972,297 10.73 9.30 62,863
2016 108,039 3.55 7.20 984,541 10.97 9.30 62,863
2017 110,762 2.52 5.80 995,975 11.12 8.10 65,976
2018 113,883 2.82 4.40 1,007,229 11.31 7.60 78,146
2019 117,003 2.74 4.10 1,018,241 11.49 7.00 74,432
2020 119,175 1.86 12.10 1,023,358 11.65 14.60 89,398
2021 121,834 2.23 6.40 1,026,681 11.79 9.30 84,119
2022 123,665 1.50 3.40 1,011,273 12.23 5.70 84,837
2023 124,523 0.69 4.50 1,011,495 12.31 7.10 100,399
2024 126,133 1.29 4.50 1,017,431 12.40 8.10 88,828
Sources: County of Fresno
Labor market Info EDD
United States Census
California Department of Finance
Note: Per capita income and total personal income information not available. 131
CITY OF CLOVIS
PRINCIPAL EMPLOYERS
CURRENT YEAR AND TEN YEARS AGO
2024 2015
Percent of Percent of
Number of Total Number of Total
Employer Employees Rank Employment" Employees Employment* Clovis Unified School District 5,228 13.03% 5,563 1 18.54% Clovis Community Hospital 2,988 2 7.45% 1,643 2 5.48%
County of Fresno 1,874 3 4.67%
Wal-Mart 890 4 2.22% 740 2.47%
City of Clovis 767 5 1.91% 622 2.07%
Wawona Frozen Foods 735 6 1.83% 1,011 3.37%
Anlin Industries 526 7 1.31% 267 0.89%
Costco 435 8 1.08% 260 0.87%
Target 406 9 1.01% 419 1.40%
Cen Cal Builders 350 10 0.87%
Pelco 711 5 2.37%
Savemart 259 10 0.86%
* "Total Employment" as used above represents the total employment of all employers located within City limits based on a projection for June 2024.
Source: Employment Development Department or employer provided 132
CITY OF CLOVIS
FULL-TIME CITY EMPLOYEES
LAST TEN FISCAL YEARS
Function 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 Governmental Activities
General Government 41.850 43.850 44.850 46.850 46.650 47.100 47.100 48.100 50.100 51.300 Public Safety
Police 163.000 168.000 175.000 175.000 176.000 179.000 180.000 180.000 184.000 196.000 Fire 66.000 66.000 67.000 67.000 67.000 67.000 73.000 73.000 73.000 74.000 Transportation 14.950 13.950 14.000 14.040 14.140 16.140 16.140 17.190 17.290 17.490 Community Development 1.000 1.000 1.000 0.850 0.850 0.850 0.850 1.000 2.000 Culture & Recreation 24.200 26.000 25.750 26.630 26.630 26.680 27.680 27.930 29.830 34.230 Internal Service 29.225 30.225 31.225 31.235 30.435 32.835 32.835 32.885 34.985 35.935 Total Governmental
Activities 339.225 349.025 358.825 361.755 361.705 369.605 377.605 379.955 390.205 410.955 Business-Type Activities
Refuse 44.310 43.960 45.060 49.060 51.160 51.410 55.710 60.010 64.750 & Sewer 13.280 13.480 15.580 16.460
Water 41.540 43.190 45.240 46.970
Street Cleaning 6.740 6.240 6.690 6.790
Transit 27.425 27.425 27.425 31.425
Planning & Dev Services 45.000 55.000 61.000 61.850 64.650 Total Business-Type
Activities 165.775 167.975 169.175 174.245 186.295 192.395 195.395 207.045 216.795 231.045 Total Full-Time Employees 505.000 517.000 528.000 536.000 548.000 562.000 573.000 587.000 607.000 642.000 Source: City of Clovis - Adopted Budgets, Authorized Positions Notes: Decimals represent the portions of employees performing duties in two or more functions.
Internal Service Functions have been included in Governmental Activities.
CITY OF CLOVIS
CAPITAL ASSET STATISTICS
BY FUNCTION
LAST TEN FISCAL YEARS
2015 2016 2017 2018 2019 _ 2020 2021 2022 2023 2024
Public Safety
Police:
Stations 1 1 1 1 1 1 1 1 1 1
Fire:
Fire stations 5 5 5 5 5 5 5 5 6 6
Public utilities:
Streets (miles) 384 391 410 415 419 421 427 431 432 435 Streetlights 10,461 10,479 11,022 : 11,088 11,692 11,702 11,700 12,023 12,127 12,447 Cultural and recreation:
Parks 63 64 66 67 69 72 79 84
Community centers 1 1 1 1 1 1
Water:
Water mains (miles) 508 514 521 535 546 555 573 585 600 603 Sewer
Sanitary sewers (miles) 373 379 385 396 405 413 426 432 442 444 Source: City of Clovis
134
CITY OF CLOVIS
OPERATING INDICATORS BY FUNCTION
LAST TEN FISCAL YEARS
2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
911 calls to dispatch* 181,916 183,782 185,484 159,199
Number of crimes reported* 10,818 15.417 17,580 17,042 17,347 15,605 Public and Officer initiated calls 79,097 76,103 79,331 83,992 for service
Fire:
Number of emergency calls 10,098 10,069 9,661 9,974 10,399 10,662 10,274 10,772 12,183 12,491 Parks and recreation:
Number of recreation classes 119 130 138 151 169 18 58 62 88 Number of facility rentals 32 32 32 48 68 25 20 35 64 72 Water:
New connections 636 837 1,067 1,068 855 1,193 610
Average daily consumption 20,684 16,883 19,083 20,849 19,929 21,682 22,939 22,944 21,604 22,018 (thousands of gallons)
New connections 602
7950 7,915
Average daily sewage treatment
(thousands of gallons)
* Prior Fiscal Year information unavailable.
Source: City of Clovis
135
CITY OF CLOVIS
BUILDING PERMIT VALUATIONS
LAST TEN YEARS
2015 2016 2017 2018 2019 2020 2021 2022 2023
Valuation (in Thousands) *
Residential $ 232,729 § 193,461 $ 265,411 $ 322,495 $ 236,922 $ 303,533 $ 357,447 Non-residential 36,304
Total $ 251.287 $ 233,588 $ 310,024 $ 354,387 $ 348,837 $ 385,697 $ 389,542 $ 252,836 $ 284.665, $ 296.014 New Dwelling Units*
Single Family 794 697 925 1,046 848 884 1,148 531 658 595 Multiple Family 117 58 304 228 90 328
Total 911 697 983 - 1,350 848 1.112 1,238 859 658 610,
*Prior Fiscal Year information updated to properly reflect historical quantities and values.
Source: City of Clovis Building Department
136
CITY OF CLOVIS
MISCELLANEOUS STATISTICS
June 30, 2024
Date of Incorporation February 27, 1912
Form of Government Council/Manager
Number of Employees (full-time and part-time) 767
Area (square miles) 27.33
Miles of Streets 435
Number of Street Lights 12,447
Fire Protection:
Number of Stations
Number of Firefighters and Officers
Police Protection:
Number of Police Officers
and Other Sworn Personnel 121
Water Department:
Number of Water Services 40,769
Miles of Water Mains 603
Sewers:
Miles of Sanitary Sewers 444
Source: City of Clovis Authorized Budget for Fiscal Year 2024/2025 137
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138
THE
PUN GROUP
ACCOUNTANTS & ADVISORS
4660 La Jolla Village Drive, Suite 100
San Diego, California 92122
www.pungroup.cpa
REPORT ON INTERNAL CONTROL OVER FINANCIAL REPORTING AND ON COMPLIANCE AND
OTHER MATTERS BASED ON AN AUDIT OF FINANCIAL STATEMENTS PERFORMED IN
ACCORDANCE WITH GOVERNMENT AUDITING STANDARDS
Independent Auditors' Report
To the Honorable Mayor and Members of City Council
of the City of Clovis
Clovis, California
We have audited, in accordance with the auditing standards generally accepted in the United States of America and the standards applicable to financial audits contained in Government Auditing Standards issued by the Comptroller General of the United States, the financial statements of the governmental activities, business-type activities, each major fund, and the aggregate remaining fund information of the City of Clovis, California (the "City") as of and for the year ended June 30, 2024, and the related notes to the basic financial statements, which collectively comprise the City's basic financial statements, and have issued our report thereon dated November 25, 2024.
Report on Internal Control Over Financial Reporting
In planning and performing our audit of the financial statements, we considered the City's internal control over financial reporting (internal control) as a basis for designing audit procedures that are appropriate in the circumstances for the purpose of expressing our opinions on the financial statements, but not for the purpose of expressing an opinion on the effectiveness of the City's internal control. Accordingly, we do not express an opinion on the effectiveness of the City's internal control.
A deficiency in internal control exists when the design or operation of a control does not allow management or employees, in the normal course of performing their assigned functions, to prevent, or detect and correct, misstatements on a timely basis. A material weakness is a deficiency, or a combination of deficiencies, in internal control, such that there is a reasonable possibility that a material misstatement of the entity's financial statements will not be prevented, or detected and corrected on a timely basis. A significant deficiency is a deficiency, or a combination of deficiencies, in internal control that is less severe than a material weakness, yet important enough to merit attention by those charged with governance.
Our consideration of internal control was for the limited purpose described in the first paragraph of this section and was not designed to identify all deficiencies in internal control that might be material weaknesses or significant deficiencies. Given these limitations, during our audit we did not identify any deficiencies in internal control that we consider to be material weaknesses. However, material weaknesses or significant deficiencies may exist that were not identified.
Report on Compliance and Other Matters
As part of obtaining reasonable assurance about whether the City's basic financial statements are free from material misstatement, we performed tests of its compliance with certain provisions of laws, regulations, contracts, and grant agreements, noncompliance with which could have a direct and material effect on the determination of financial statement. However, providing an opinion on compliance with those provisions was not an objective of our audit, and accordingly, we do not express such an opinion. The results of our tests disclosed no instances of noncompliance or other matters that are required to be reported under Government Auditing Standards.
ORANGE COUNTY • SAN DIEGO • SACRAMENTO • WALNUT CREEK • LAS VEGAS • PHOENIX C To the Honorable Mayor and Members of City Council
of the City of Clovis
Clovis, California
Purpose of this Report
The purpose of this report is solely to describe the scope of our testing of internal control and compliance and the results of that testing, and not to provide an opinion on the effectiveness of the City's internal control or on compliance. This report is an integral part of an audit performed in accordance with Government Auditing Standards in considering the City's internal control and compliance. Accordingly, this communication is not suitable for any other The Rur Group, Up
San Diego, California
November 25, 2024
142
THE
PUN GROUP
ACCOUNTANTS & ADVISORS
4660 La Jolla Village Drive, Suite 100
San Diego, California 92122
www.pungroup.cpa
REPORT ON COMPLIANCE FOR EACH MAJOR PROGRAM,
ON INTERNAL CONTROL OVER COMPLIANCE REQUIRED BY THE UNIFORM GUIDANCE,
AND ON SCHEDULE OF EXPENDITURES OF FEDERAL AWARDS
Independent Auditors' Report
To the Honorable Mayor and Members of City Council
of the City of Clovis
Clovis, California
Report on Compliance for Each Major Federal Program
Opinion on Each Major Federal Program
We have audited the City of Clovis, California's (the "City") compliance with the types of compliance requirements identified as subject to audit in the OMB Compliance Supplement that could have a direct and material effect on each of the City's major federal programs for the year ended June 30, 2024. The City's major federal programs are identified in the summary of the auditors' results section of the accompanying schedule of findings and questioned costs.
In our opinion, the City complied, in all material respects, with the types of compliance requirements referred to above that could have a direct and material effect on each of its major federal programs for the year ended June 30, 2024.
Basis for Opinion on Each Major Federal Program
We conducted our audit of compliance in accordance with auditing standards generally accepted in the United States Guidance). Our responsibilities under those standards and the Uniform Guidance are further described in the Auditors' Responsibilities for the Audit of Compliance section of our report.
We are required to be independent of the City and to meet our other ethical responsibilities, in accordance with relevant ethical requirements relating to our audit. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion on compliance for each major federal program. Our audit does not provide a legal determination of the City's compliance with the compliance requirements referred to above.
Responsibilities of Management for Compliance
Management is responsible for compliance with the requirements referred to above and for the design, implementation, and maintenance of effective internal control over compliance with the requirements of laws, statutes, regulations, rules, and provisions of contracts or grant agreements applicable to the City's federal programs.
ORANGE COUNTY • SAN DIEGO • SACRAMENTO • WALNUT CREEK • LAS VEGAS • PHOENIX in To the Honorable Mayor and Members of City Council
of the City of Clovis
Clovis, California
Auditors' Responsibilities for the Audit of Compliance
requirements referred to above occurred, whether due to fraud or error, and express an opinion on the City's compliance based on our audit. Reasonable assurance is a high level of assurance but is not absolute assurance and therefore is not a guarantee that an audit conducted in accordance with auditing standards generally accepted in the United States of America, Government Auditing Standards, and the Uniform Guidance will always detect material i doing made noncompliance when it exists. The risk of not detecting material noncompliance resulting from fraud is higher than for that resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control. Noncompliance with the compliance requirements referred to above is considered material if there is a substantial likelihood that, individually or in the aggregate, it would influence the judgment made by a reasonable user of the report on compliance about the City's compliance with the requirements of each major federal program as a whole.
In performing an audit in accordance with auditing standards generally accepted in the United States of America, Government Auditing Standards, and the Uniform Guidance, we:
• Exercise professional judgment and maintain professional skepticism throughout the audit. • Identify and assess the risks of material noncompliance, whether due to fraud or error, and design and perform audit procedures responsive to those risks. Such procedures include examining, on a test basis, evidence regarding the City's compliance with the compliance requirements referred to above and performing such other procedures as we considered necessary in the circumstances. • Obtain an understanding of the City's internal control over compliance relevant to the audit in order to design audit procedures that are appropriate in the circumstances and to test and report on internal control over compliance in accordance with the Uniform Guidance, but not for the purpose of expressing an opinion on the effectiveness of the City's internal control over compliance. Accordingly, no such opinion is expressed.
We are required to communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and any significant deficiencies and material weaknesses in internal control over compliance that we identified during the audit.
Report on Internal Control Over Compliance
A deficiency in internal control over compliance exists when the design or operation of a control over compliance does not allow management or employees, in the normal course of performing their assigned functions, to prevent, or detect and correct, noncompliance with a type of compliance requirement of a federal program on a timely basis. A material weakness in internal control over compliance is a deficiency, or a combination of deficiencies, in internal control over compliance, such that there is a reasonable possibility that material noncompliance with a type of compliance requirement of a federal program will not be prevented, or detected and corrected, on a timely basis. A significant deficiency in internal control over compliance is a deficiency, or a combination of deficiencies, in internal control over compliance with a type of compliance requirement of a federal program that is less severe than a material weakness in internal control over compliance, yet important enough to merit attention by those charged with governance.
Our consideration of internal control over compliance was for the limited purpose described in the Auditors' Responsibilities for the Audit of Compliance section above and was not designed to identify all deficiencies in internal control over compliance that might be material weaknesses or significant deficiencies in internal control over compliance. Given these limitations, during our audit we did not identify any deficiencies in internal control over compliance that we consider to be material weaknesses, as defined above. However, material weaknesses or significant deficiencies in internal control over compliance may exist that were not identified Our audit was not designed for the purpose of expressing an opinion on the effectiveness of internal control over compliance. Accordingly, no such opinion is expressed
144
To the Honorable Mayor and Members of City Council
of the City of Clovis
Clovis, California
The purpose of this report on internal control over compliance is solely to describe the scope of our testing of internal control over compliance and the results of that testing based on the requirements of the Uniform Guidance.
Accordingly, this report is not suitable for any other purpose.
Report on Schedule of Expenditures of Federal Awards Required by the Uniform Guidance We have audited the financial statements of the governmental activities, business-type activities, each major fund, and the aggregate remaining fund information of the City as of and for the year ended June 30, 2024, and the related notes to the financial statements, and have issued our report thereon dated November 25, 2024, which contained unmodified opinions on those financial statements. Our audit was conducted for the purpose of forming our opinions on the City's financial statements. The accompanying Schedule of Expenditures of Federal Awards, as required by Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards, is presented for purposes of additional analysis and is not a required part of the financial statements. Such information is the responsibility of management and was derived from and relates directly to the underlying accounting and other records used to prepare the financial statements. The information has been subjected to the auditing procedures applied in the audit of the basic financial statements and certain other procedures, including comparing and reconciling such information directly to the underlying accounting and other records used to prepare the financial statements or to the financial statements themselves, and other additional procedures in accordance with auditing standards generally accepted in the United States of America. In our opinion, the Schedule of Expenditures of Federal Awards is fairly stated in all material respects in relation to the basic financial statements as a whole.
The Purs Group, up
San Diego, California
November 25, 2024
145
City of Clovis
Schedule of Expenditures of Federal Awards
For the Year Ended June 30, 2024
Foderal Amounts
Federal Grantor/Pass- Through Grantori Program or Cluster Assistance Federal Provided to Listing Number Pass-Through Entity Identlying Number Expenditures Subrecipients U.S. Department of Housing and Urban Development
Direct Program:
CDBG Entitement Grants Cluster:
ammunity Development Block Grant-Entitleme 14.218 B-21-MC-06-006: 116,329 ammunity Development Block Grant-Entitleme 14.218 B-22-MC-06-0062 342.509 :
Community Best oment Block GranitEntlemant 14.218 B-23-MC-06-0062 533,745
14.218 B-20-MW-06-0062 5.712
CDBG Entitement Grants Cluster 998,295
14.239 18-HOME-12582 13.962
Total U.S. Department of Housing and Urban Development 1.012.257 U.S. Department of the Interior, Bureau of Reclamation
Direct Program:
WaterSMART Program 15.514 BOR-DO-20-F002 45.873 45.787
Total U.S. Departmont of the Interior, Bureau of Reclamation 45,873 45,787 .S. Department of Justici
irect Program
Justice Assistance Grant Program 16.738 15PBJA-23-GG-03118-JAGX 19,382 Passed-Through CA State Office of Emergency Services & Marjaree Mason:
Domestic Violence Response Team Program 16.588 UV23011257 25.000 Total U.S. Department of Justice 44,382
Pase. Though Cartoma Stal Department of Transporation:
lighway Planning and Construction Cluste.
fighway Planning and Constructio 20.205 06-5208 2.815,865 Highway Planning and Construction Cluster 2.815.865
Passed-Through Califomia Office of Traffic Safely.
Highway Safety Cluster:
State and Community Highway Safety PT23023 13,907
State and Community Highway Safety 30000 PT24046 18.116 Highway Safety Cluster Total 32.023
tinimum Penalties for Repeat Offenders for Driving While Intoxicated 20.608 PT23023 21,824 Ainimum Penalties for Repeat Offenders for Driving While Intoxicate 20.608 PT24046 52,660 Minimum Penalties for Repeat Offenders for Driving While Intoxicated Total 74,484 Total U.S. Dopartment of Transportation 2,922,372
U.S. Department of Treasury
Direct Programs:
Coronavirus State and Local Fiscal Recovery Funds 21.027 Na 328.677 Coronavirus State and Local Fiscal Recovery Funds Total 328.677 Total U.S. Department of Treasury 328.677
Sping Crisis for the ain, it i, Pet C 93.045 24-0051ARP 39.474 Aging Cluster Total 39.474
Total U.S. Dopartment of Health and Human Sorvicos 39.474 U.S. Department of Homeland Security
Direct Programs:
Assistance to Firefighters 97.04 EMW-2022-F G-01550 47.182 Staffing for Adequate Fire and Emergency Response 97.08 EMW-2019-FF-00250 827.173 :
Passed-Through Califomia State Office of Emergency Services Public Assistance Grants 97.036 FEMA-4683-DR-CA. Cal OES ID: 019-14218 86,330 Passed-Through County of Fresno
State Homeland Security Program (SHSP) 97.067 97.067 33,381 Total U.S. Departmont of Homoland Security 994.066
Total Expenditures of Fodoral Awards 5.387.101 45.787
146
See Notes to the Schedule of Expenditures of Federal Awards.
City of Clovis
Notes to the Schedule of Expenditures of Federal Awards For the Year Ended June 30, 2024
Note 1 - Reporting Entity
The financial reporting entity consists of (a) the primary government, City of Clovis, California (the "City"), (b organizations for which the primary government is financially accountable, including the Clovis Community Development Agency (dissolved on February 1, 2012 and established a Successor Agency, which is reported as a private-purpose trust fund in the City's financial statements), Clovis Municipal Development Corporation, and Clovis Public Financing Authority, and (c) other organizations for which the primary government is not accountable, but for which the nature and significance of their relationship with the primary government are such that exclusion would cause the reporting entity's financial statements to be misleading or incomplete.
Note 2 - Basis of Accounting
Funds received under the various grant programs have been recorded within the General Fund, special revenue, and enterprise funds of the City. The City utilizes the modified accrual method of accounting for the General Fund and special revenue funds and full accrual basis of accounting for the enterprise funds. The accompanying Schedule of Expenditures of Federal Awards (the "Schedule") is presented in accordance with the requirements of Title 2 U.S.
Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance) and includes the federal award activity for the year ended June 30, 2024. Therefore, some amounts presented in the schedule may differ from amounts presented in, or used in, the preparation of the City's basic financial statements.
Note 3 - Schedule of Expenditures of Federal Awards
The accompanying Schedule presents the activity of all federal financial assistance programs of the City. Federal financial assistance received directly from federal agencies as well as federal financial assistance passed through the State of California, County of Fresno, and/or City of Fresno are included in the Schedule. The Schedule was prepared from only the accounts of various grant programs and, therefore, does not present the financial position, change in net position or fund balance, or results of operations and cash flows of the City.
Note 4 - Subrecipients
The City passed-through $45,787 in Federal Assistance Listing No. 15.514 WaterSMART Program funding to the Fresno Metropolitan Flood Control District during the fiscal year ended June 30, 2024.
Note 5 - Indirect Cost Rate
The City did not elect to use the 10-percent de minimis indirect rate as allowed under the Uniform Guidance.
Note 6 - Contingencies
Under the terms of federal and state grants, additional audits may be requested by the grantor agencies and certain costs may be questioned as not being appropriate expenditures under the terms of the grants. Such audits could lead to a request for reimbursement to the grantor agencies. 147
City of Clovis
Schedule of Findings and Questioned Costs
For the Year Ended June 30, 2024
SECTION I - SUMMARY OF AUDITORS' RESULTS
Financial Statements
Type of auditors' report issued: Unmodified
Internal control over financial reporting:
Material weakness(es) identified? No
• Significant deficiency(ies) identified? None Reported Noncompliance material to financial statements noted? No Federal Awards
Internal control over major programs:
• Material weakness(es) identified? No
• Significant deficiency(ies) identified? None Reported Type of auditors' report issued on compliance for major programs Unmodified Acorince with 2 FR 20 516 ag require to be reported in No Identification of major programs:
Federal
Assistance
Listing Federal
Name of Federal Program or Cluster Number Expenditures
Major Programs:
Community Development Block Grant-Entitlement $ 998,295 Coronavirus State and Local Fiscal Recovery Funds 21.027 328,677 Total Major Program Expenditures S 1.326.972
Total Expenditures of Federal Awards $ 5,387,101
Percentage of Total Expenditures of Federal Awards 24.63% Dollar threshold used to distinguish between type A and type B programs $750,000 Auditee qualified as low-risk auditee in accordance with 2 CFR 200.520? Yes 148
City of Clovis
Schedule of Findings and Questioned Costs (Continued)
For the Year Ended June 30, 2024
SECTION II - FINANCIAL STATEMENT FINDINGS
A. Current Year Financial Statement Findings
No financial statement findings were noted for the year ended June 30, 2024.
B. Prior Year Financial Statement Findings
No financial statement findings were noted for the year ended June 30, 2023.
SECTION III - FEDERAL AWARDS FINDINGS AND QUESTIONED COSTS A. Current Year Findings and Questioned Costs - Major Federal Award Program Audit No findings or questioned costs were noted on major federal award programs for the year ended June 30, 2024.
B. Prior Year Findings and Questioned Costs - Major Federal Award Program Audit No findings or questioned costs were noted on major federal award programs for the year ended June 30, 2023. 149
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150
THE
PUN GROUP
ACCOUNTANTS & ADVISORS
1660 La Jolla Village Drive, Suite 10
an Diego, California 9212
www.pungroup.cpa
REPORT ON COMPLIANCE AND OTHER MATTERS
AND ON INTERNAL CONTROL OVER FINANCIAL REPORTING BASED ON AN AUDIT OF THE FINANCIAL
STATEMENTS IN RELATION TO THE LOCAL TRANSPORTATION PURPOSE FUNDS PERFORMED IN
ACCORDANCE WITH GOVERNMENT AUDITING STANDARDS
Independent Auditors' Report
To the Honorable Mayor and Members of City Council
of the City of Clovis
Clovis, California
We have audited, in accordance with the auditing standards generally accepted in the United States of America and the standards applicable to financial audits contained in Government Auditing Standards issued by the Comptroller General of the United States, the financial statements of the governmental activities, the business-type activities, each major fund, and the aggregate remaining fund information of the City of Clovis, California (the "City"), as of and for the year ended June 30, 2024, and the related notes to the financial statements, which collectively comprise the City's basic financial statements, and have issued our report thereon dated November 25, 2024.
Report on Internal Control Over Financial Reporting
In planning and performing our audit of the financial statements, we considered the City's internal control over financial reporting ('internal control") as a basis for designing audit procedures that are appropriate in the circumstances for the purpose of expressing our opinions on the financial statements, but not for the purpose of expressing an opinion on the effectiveness of the City's internal control. Accordingly, we do not express an opinion on the effectiveness of the City's internal control.
A deficiency in internal control exists when the design or operation of a control does not allow management or employees, in the normal course of performing their assigned functions, to prevent, or detect and correct, misstatements on a timely basis. A material weakness is a deficiency, or a combination of deficiencies, in internal control, such that there is a reasonable possibility that a material misstatement of the City's financial statements will not be prevented, or detected and corrected on a timely basis. A significant deficiency is a deficiency, or a combination of deficiencies, in internal control that is less severe than a material weakness, yet important enough to merit attention by those charged with governance.
Our consideration of internal control was for the limited purpose described in the first paragraph of this section and was not designed to identify all deficiencies in internal control that might be material weaknesses or significant deficiencies. Given these limitations, during our audit we did not identify any deficiencies in internal control that we consider to be material weaknesses. However, material weaknesses or significant deficiencies may exist that were not identified.
ORANGE COUNTY • SAN DIEGO • SACRAMENTO • WALNUT CREEK• LAS VEGAS • PHOENIX 00 To the Honorable Mayor and Members of City Council
of the City of Clovis
Report on Compliance and Other Matters
As part of obtaining reasonable assurance about whether the financial statements are free of material misstatement, we performed tests of its compliance with certain provisions of laws, regulations, contracts and grants, including the requirements of the California Public Utilities Code Section 142257 regulations as it applies to Local Transportation Purpose Funds noncompliance, with which could have a direct and material effect on the financial statements.
However, providing an opinion on compliance with such provisions was not an objective of our audit, and accordingly, we do not express such an opinion. The results of our tests disclosed no instances of noncompliance that are required to be reported herein under the California Public Utilities Code Section 142257 regulations as applies to Local Transportation Purpose Funds and Goverment Auditing Standards.
Purpose of This Report
The purpose of this report is solely to describe the scope of our testing of internal control and compliance and the results of that testing, and not to provide an opinion on the effectiveness of the City's internal control or on compliance. This report is an integral part of an audit performed in accordance with Government Auditing Standards in considering the City's internal control and compliance. Accordingly, this communication is not suitable for any other purpose.
The fund Group, Up
San Diego, California
November 25, 2024
152
THE
PUN GROUP
ACCOUNTANTS & ADVISORS
4660 La Jolla Village Drive, Suite 100
San Diego, California 92122
www.pungroup.cpa
INDEPENDENT ACCOUNTANTS' REPORT ON
APPLYING AGREED-UPON PROCEDURES
To the Honorable Mayor and Members of City Council
of the City of Clovis
Clovis, California
We have performed the procedures enumerated below to the accompanying Appropriations Limit Schedule of the City of Clovis, California (City) for the year ended June 30, 2024. The management of the City is responsible for the Appropriations Limit Schedule.
The City has agreed to and acknowledged that the procedures performed are appropriate to meet the intended purpose of meeting the requirements set forth in Section 1.5 of Article XIII-B of the California Constitution. These procedures, which were suggested by the League of California Cities and presented in the publication entitled Agreed-upon Procedures Applied to the Appropriations Limitation Prescribed by Article XIII-B of the California Constitution, were performed solely to assist you in meeting the requirements. This report may not be suitable for any other purpose. The procedures performed may not address all the items of interest to a user of this report and may not meet the needs of all users of this report and, as such, users are responsible for determining whether the procedures performed are appropriate for their purposes.
The procedures and the associated findings are as follows:
1. We obtained the completed worksheets for the year ended June 30, 2024 and compared the limit and annual adjustment factors included in those worksheets to the limit and annual adjustment factors included in those worksheets to the limit and annual adjustment factors that were adopted by resolution of the City Council. We also compared the population and inflation options included in the aforementioned worksheet to those that were selected by a recorded vote of the City Council.
Finding: No exceptions were noted as a result of our procedures.
2. For the accompanying Appropriations Limit Schedule, we added the last year's limit to the total adjustments, and agreed the resulting amount to this year's limit.
Finding: No exceptions were noted as a result of our procedures.
3. We compared the current year information presented in the accompanying Appropriations Limit Schedule to corresponding information in worksheets used by the City.
Finding: No exceptions were noted as a result of our procedures.
4. We compared the prior year appropriations limit presented in the accompanying Appropriations Limit Schedule to the prior year appropriations limit adopted by the City Council for the prior year.
Finding: No exceptions were noted as a result of our procedures.
ORANGE COUNTY • SAN DIEGO • SACRAMENTO • WALNUT CREEK • LAS VEGAS • PHOENIX OC To the Honorable Mayor and Members of the City Council
of the City of Clovis
Clovis, California
We were engaged by the City to perform this agreed-upon procedures engagement and conducted our engagement in accordance with attestation standards established by the American Institute of Certified Public Accountants. We were not engaged to, and did not, conduct an examination or review engagement, the objective of which would be the expression of an opinion or conclusion, respectively, on the accompanying Appropriation Limit Schedule. Accordingly, we do not express such an opinion or conclusion. Had we performed additional procedures, other matters might have come to our attention that would have been reported to you.
We are required to be independent of the City and to meet our other ethical responsibilities, in accordance with the relevant ethical requirements related to our agreed-upon procedures engagement.
This report is intended solely for the information and use of the City Council and management of the City and is not intended to be and should not be used by anyone other than these specified parties. However, this report is a matter of public record and its distribution is not limited.
The find Group, up
San Diego, California
November 25, 2024
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City of Clovis
Appropriations Limit Schedule
For the Year Ended June 30, 2024
Amount Source
A. Appropriations Limit FY 2023 $ 384,447,189 Prior year B. Calculation Factors:
1) Population increase % 1.0080 State Department of Finance 2) Inflation increase % 1.0444 State Department of Finance 3) Total adjustment % 1.0528 (B1"B2)
C. Annual Adjustment Increase 20,281,589 [A*(B3-1)]
D. Other Adjustments:
1) Loss responsibility (-) N/A
) Transfer to private (- : N/A
) Transfer to fees (-)
4) Assumed responsibility (+) :
E. Total Adjustments 20,281,589 (C+D)
F. Appropriations Limit FY 2024 $ 404.728.778 (A+E)
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City of Clovis
Notes to Appropriations Limit Schedule
For the Year Ended June 30, 2024
Note 1 - Purpose of Limited Procedures Review
Under Article XIIIB of the California Constitution (the Gann Spending Limitation Initiative), California governmental agencies are restricted as to the amount of annual appropriations from proceeds of taxes. Effective for years beginning on or after July 1, 1990, under Section 1.5 of Article XIIIB, the annual calculation of the appropriations limit is subject to a limited procedures review in connection with the annual audit.
Note 2 - Method of Calculation
Under Section 10.5 of Article XIIIB, for fiscal years beginning on or after July 1, 1990, the appropriations limit is required to be calculated based on the limit for the fiscal year 1986-87, adjusted for the inflation and population factors discussed in Notes 3 and 4 below.
Note 3 - Population Factors
A California governmental agency may use as its population factor either the annual percentage change of the jurisdiction's own population or the annual percentage change in population of the county where the jurisdiction is located. The factor adopted by the City for fiscal year 2024 represents the annual percentage change in population for the City.
Note 4 - Inflation Factors
A California governmental agency may use as its inflation factor either the annual percentage change in the 4" quarter per capita personal income (which percentage is supplied by the State Department of Finance) or the percentage change in the local assessment roll from the preceding year due to the change of local nonresidential construction. The factor adopted by the City for fiscal year 2024 represents the annual percentage change in per capita personal income.
Note 5 - Other Adjustments
A California government agency may be required to adjust its appropriations limit when certain events occur, such as the transfer of responsibility for municipal services to, or from, another government agency or private entity. The City had no such adjustments for fiscal year 2024.
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