CLOVIS CITY COUNCIL MEETING
December 9, 2024 6:00 P.M. Council Chamber
Meeting called to order by Mayor Ashbeck at 6:00
Flag Salute led by Councilmember Bessinger
Roll Call: Present: Councilmembers, Basgall, Bessinger, Mouanoutoua, Pearce Mayor Ashbeck
PUBLIC COMMENTS - 6:00
Tammy Anderson, resident, expressed concerns about the harshness of LED streetlights affecting her home and strongly opposed the proposed historic district due to a desire for less government regulation.
Steven Trevino, resident, raised concerns about the lack of lighting and poor sound quality during the recent Christmas Tree Lighting event, suggested the use of extra funds to improve lighting, seating, and sound in public gathering area to enhance safety and accessibility.
Eric Rollins, resident, expressed concerns about the transition to district-based elections, advocating for a rotating mayor position to ensure all councilmembers remain accountable to the entire community, not just their districts.
Josh Babcock, representing Fresno County Supervisor Nathan Magsig's office, introduced himself as the new field representative.
CONSENT CALENDAR - 6:10
Upon call, there was no public comment.
Motion by Councilmember Bessinger, seconded by Councilmember Mouanoutoua, that the items on the Consent Calendar be approved. Motion carried by unanimous vote.
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)
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 - 6:10
6:10 ITEM 4 - CONSIDER VARIOUS ACTIONS RELATED TO THE NOVEMBER 5, 2024,
CLOVIS GENERAL MUNICIPAL ELECTION FOR CLOVIS CITY COUNCIL AND MEASURE Y (SALES TAX):
Upon call, there was no public comment.
4A - CONSIDER APPROVAL - RES. 24-137, DECLARING THE RESULTS OF THE NOVEMBER 5, 2024, CLOVIS GENERAL MUNICIPAL ELECTION FOR CLOVIS CITY COUNCIL AND MEASURE Y.
Motion for approval by Councilmember Basgall, seconded by Councilmember Pearce.
Motion carried by unanimous vote.
4B - OATH OF OFFICE: COUNCILMEMBERS ASHBECK AND MOUANOUTOUA.
City Clerk Parra administered the oath of office to Councilmember Ashbeck and Councilmember Mouanoutoua.
ITEM 5 - CONSIDER VARIOUS ACTIONS RELATED TO THE CITY COUNCIL REORGANIZATION:
Upon call, there was no public comment.
5A - ELECTION OF MAYOR BY CITY COUNCIL - MAYOR ASHBECK
Motion by Councilmember Pearce seconded by Councilmember Bessinger to appoint Mayor Pro Tem Mouanoutoua as Mayor. Motion carried by unanimous vote. 5B - ELECTION OF MAYOR PRO TEM BY CITY COUNCIL - MAYOR
Upon call, there was no public comment.
Motion by Councilmember Ashbeck, seconded by Councilmember Basgall, to appoint Councilmember Bessinger as Mayor Pro Tem.
Councilmember Bessinger respectfully declined the nomination as Mayor Pro Tem, and Councilmember Ashbeck withdrew the motion.
Motion by Councilmember Bessinger, seconded by Mayor Mouanoutoua, to appoint Councilmember Pearce as Mayor Pro Tem. Motion carried by unanimous vote.
5C - PRESENTATION OF GAVEL TO OUTGOING MAYOR ASHBECK - MAYOR Mayor Mouanoutoua presented the gavel to former Mayor Ashbeck. 5D - COUNCIL COMMENTS / INTRODUCTIONS BY MAYOR AND COUNCILMEMBERS Mayor Mouanoutoua expressed gratitude for the opportunity to serve as Mayor to the City of Clovis and honored the legacy of past leaders.
RECESS FOR PHOTOS AND REFRESHMENTS (City Hall Foyer)
ADMINISTRATIVE ITEMS - 7:06
7:06 ITEM 6 - WORKSHOP TO BEGIN DISCUSSION OF HOW CITY GROWTH IMPACTS COUNTY ROADS AND JOINT EFFORTS TO IMPROVE SAFETY.
In attendance: City of Clovis - Councilmember Basgall, Councilmember Bessinger, Councilmember Ashbeck, Mayor Pro Tem Pearce, Mayor Mouanoutoua, City Manager Holt, Assistant City Manager Haussler, and City Engineer Avery. County of Fresno:
Chairman Nathan Magsig, Board of Supervisor Steve Brandau, Public Works and Planning Assistant Director Bernard Jimenez, County of Fresno Augustine Ramirez, Senior Plannger Hector Luna, Program Manager Erin Haagenson, and Vice President Ruta Jariwala. Clovis Unified School District: Assistant Superintendent Denver Stairs, Associate Superintendent Michael Johnston and Director of Transportation Steven Mirelez.
Kathy Bailey, Mother of Kaiden Bailey, addressed the tragic circumstances surrounding her son's death, advocating for justice, further investigation, and safety improvements on local roads.
Anna Lazo, Mother of Sandro Lazo, addressed her commitment to pressure the City to prevent similar tragedies from happening to other parents William Lazo, Father of Sandro Lazo, discussed the unsafe road conditions of Fowler and Perrin, advocated for safety improvements, including a stop sign at the intersection.
Michelle Leung, resident, expressed her concern for safety on county roads and praised the City and council for taking steps toward addressing traffic and safety issues after years of concern.
Jenni Krens, resident, shared her concerns about the high speeds of traffic on the unimproved county road near her home between Locan and DeWolf and highlighted the danger posed to bicyclists and the lack of speed limits on the road.
The discussion focused on the implementation of future traffic signals in areas such as Shepard, Fowler, Behymer, and Perrin, with short-term traffic studies planned for these
intersections. The discussion included immediate safety concerns, including traffic calming measures on Sunnyside Avenue and alternatives to roundabouts, were also addressed. A strong emphasis was placed on the need for collaboration between the City, County, and key stakeholders, including the Clovis School District and utility companies, to improve road safety and traffic management. Additionally, there was a request for a standing agend tem to provide regular updates, either monthly or quarterly, and the possibility of revisin the tax-sharing agreement was also discussed.
RECESS AND RECONVENE AT DAIS - 8:07
ADMINISTRATIVE ITEMS - 8:13
8:13 ITEM 7 - CONSIDER APPROVAL - 2023-24 ANNUAL COMPREHENSIVE FINANCIAL REPORT.
Upon call, there was no public comment
Motion for approval by Councilmember Ashbeck, seconded by Councilmember Pearce.
Motion carried by unanimous vote.
CITY MANAGER COMMENTS - 8:16
None.
COUNCIL COMMENTS - 8:16
There was consensus of the Council to bring back an agenda item regarding safe routes to school, specifically addressing the project on Ashlan across from Reagan Elementary.
CLOSED SESSION - 8:21
Upon call, there was no public comment.
ITEM 8 - GOVERNMENT CODE SECTION 54957.6 CONFERENCE WITH LABOR NEGOTIATORS) AGENCY DESIGNATED REPRESENTATIVE: CITY ATTORNEY UNREPRESENTED EMPLOYEE: CITY MANAGER
No action taken.
ITEM 9 - GOVERNMENT CODE SECTION 54957 PUBLIC EMPLOYEE APPOINTMENT / EMPLOYMENT TITLE: CITY MANAGER
No action taken.
RECONVENE INTO OPEN SESSION AND REPORT FROM CLOSED SESSION
ADJOURNMENT
Mayor Mouanoutoua adjourned the meeting of the Council to December 16, 2024.
Meeting adjourned: 9:30 p.m.
BuanaPan
City Clerk OlY OF CLOVIS
INCORP
CRATED FEBRUARY
Hem 4
STATEMENT OF VOTES CAST
AT THE
CONSOLIDATED GENERAL ELECTION
HELD ON
NOVEMBER 5, 2024
IN THE
CITY OF CLOVIS
COUNTY OF FRESNO
STATE OF CALIFORNIA
CERTIFICATE OF COUNTY CLERK TO RESULTS OF THE CANVASS
STATE OF CALIFORNIA)
) SS.
County of Fresno
1, JAMES A. KUS, County Clerk/Registrar of Voters of the County of Fresno, State of California, do hereby certify that pursuant to the provisions of Section 15301 et seq of the Elections Code of the State of California, I did canvass the returns of the votes cast in the City of Clovis, County of Fresno, at the election held on November 5, 2024, for the local offices and ballot measure, submitted to the vote of the voters, and that the Statement of the Vote Cast, to which this certificate is attached, shows the whole number of votes cast in the city and in each of the respective precincts therein, and that the totals of the respective columns and the totals shown for the offices are full, true and correct.
WITNESS my hand and Official Seal this 3d day of December, 2024. fur aus
JAMES A. KUS
County Clerk/Registrar of Voters
Agenda Item No. 6
CLOVIS THE
8 UNIFIED
1856.0
SCHOOL DISTRICT
ALIFORN FREST
December 9, 2024 6:00 PM Council Chamber
AGENDA:
• Meeting Focus: Begin discussion of how Clovis's growth impacts county roads and joint efforts to improve safety
• City of Clovis
• Introduction - Lynne Ashbeck / Nathan Magsig
• History of issues in the vicinity
• Planning & Development Services - Thad Avery
• Development projects currently approved
• Estimated timing of projects within the next 5 years
• Additional grants and programs to aid with improvements • Public Outreach and Safety
• "Safe Streets for All" Grant
• Fresno County
• Public Works and Planning - Bernard Jimenez
• "Safe Streets for All" Grant
• Other programs for improving roadways
• Public Outreach and Safety
• Clovis Unified School District - Denver Stairs
• Boundaries
Routes
CITY CLOVIS City of Clovis General Plan - Growth Impact on County Roads
PLANNING & DEVELOPMENT
Copper
Legend
thank City of Clovis General Plan MH - Medium High Deneity Residentisi 1 - Industrial Fresno County General Plan
City of Clovis Limits Land Use NC - Neighborcod Commercial Land Use = AG - Agricuture (1 DU/20 AC) High Density Residentlel (20.1-25.0 Cly Parcel GC - General Commercal PRO-PC - Planned Rural Community ty of Clove SOt RR - Rural Residential (1 DU/L AC) VH - Very High Density Residential Os - Open Space C-SP - Special Commercial (25.1-43,0 DUAC
7 Rature Tact Haps SFR (0.6-2,0 DU/Ac) -Put on Pure fine MU-V - Maed Use Willage
L - Low Density Residental (2.1-L.0 DU) PA PA
Ac) MU-BC - Mued Use Business Campus
o- Office
M: Medium Density Residential (4.1-70
0 0.35 0.7 1.
Miles
CITYCLOVIS Approved/Pending Projects - Growth Impact on County Roads
PLANNING & DEVELOPMENT
Copper
very Behymer
TM 0482
TM 6452
Shepherd,
Teague
Nees
Century themertary O
wain on tenerten
Alluvial
Legend
Schools City of Clovis SOI
_City of Clovis Limits Future Tract Maps SFR
Parcel Approved/Pending Projects
0.3 0.6
. 1.2
Miles
CITY CLOVIS Approved/Pending Projects - Growth Impact on County Roads
PLANNING & DEVELOPMENT
Copper
Helse & one not man
International
Nilov
DeWoll ола tabled
TM 6343
™M 64S2
Shepherd
Teague
Nees
Cantury Terenty O
Parte Ver Fermeny
Alluvial
Legend
• Schools Projected 5 Year Street
_ City of Clovis Limits Widening/Construction
Parcel - Construction
City of Clovis SOI •**** Widening 0.3 0.6
- 12
_ Future Tract Maps SFR Projected 5 Year Traffic Lights Miles
CITYOJCLOVIS City of Clovis General Plan - Growth Impact on County Roads
PLANNING & DEVELOPMENT
14 6343
TM 6482
TM 0467
TM 6375
(Harold L) Famentary
Legend
Schools City of Clovis General Plan Fresno County General Plan Cary of Cors Limes Land Use INC - Neighborhood Commerc Land Use H - High Density Residentel (20.1-25.0
City Parcel ] AG - Agriculture (1 DU/20 AC) GC - General Commercial PRO FC - Paneed Run Community → cy of Cove Sot VH - Very Hich Densly Residental O5 - Open Space C-SP - Spedal Commercial Fire Tact Maps SFR Very Low
(0.6-20 DWAs) P. • Pubil/Quasi-Putik: focites
My - More Lie Sitter
L - Low Denelty Restsental (2.1-4.0 DU/ PK - Pact.
MU-BC • Mied Use Business Campu
Ac) Se Sonor
0.35 0.7 1.4
Miles
Approved/Pending Projects - Growth Impact on County Roads
PLANNING & DEVELOPMENT
Copper
International
emertay Behymer Highland
TM 6437
™M 6343
TM 6452
TM 6438
TM 8379)
TM 6208
Shepherd
Teague
Irtemedale 1 5-
Nees
Cary terentry O
Alluvial
Legend
Schools City of Clovis SOI
Laty of Clovis Limits Future Tract Maps SFR
Parce Approved/Pending Projects
0 0.3 0.6
.. 12
Miles
CITY CLOVIS Approved/Pending Projects - Growth Impact on County Roads
PLANNING & DEVELOPMENT
на 8 co
war Behymer
Perrin TM 6451
Shepherd
Teaçue
Nees
Cantury Detertay O
Alluvial
Legend
• Schools Projected 5 Year Street
W
Eaty of Clovis Limits Widening/Construction
Parcel - Construction
City of Clovis SOI ***** Widening 0 , 0.3 0.6
L__, Future Tract Maps SFR $ Projected 5 Year Traffic Lights Miles
CITY O/CLOVIS City of Clovis General Plan - Growth Impact on County Roads
PLANNING & DEVELOPMENT
TH 6378
Legend
• School City of Clovis General Plan MH - Medum High Densty Residential I - Industrial (7.1-20,0 DU/AC) Fresno County General Plan
- Cy of Clovs Limits Land Use NC - Neighborhood Commercial Land Use H- High Derelty Residential (20.1-25.0
Cay Parcel NG - Agriculture (1 DU/20 AC) WHAC GC • General Commercial PRC-FC - Plarned Rural Community chy of Clovs sot ) RR - Rural Residential (1 DU/1 Ac) Density Residential C-SP - Special Commercial _ Future Tract Maps SPR VE - Very Low Densty Residential P- Pulkc/Quas-Pubk Facibes (0.6-2.0 DU/Ac) HU-Y - Maxed Use Village
L-Low Densty Residential (2.1-4.0 DU) MU-BC - Msed Use Business Campus M - Medkm Density Residental (41-70
DUrAC) 0 0.35 0.7
... 14
Miles
CITYCLOVIS Approved/Pending Projects - Growth Impact on County Roads
PLANNING & DEVELOPMENT
Coppe
International
Nice
Riverher
Seer Berymer
TM c432
we fin TM 6452
TH 6ASE
TM 8379)
Shepherd
Teague
Contry themester Q
Hues von Cemetery
Legend
9 Schools City of Clovis SOI
ELl City of Clovis Limits , Future Tract Maps SFR
Parcel Approved/Pending Projects
0.6 - 0.3
Miles
Approved/Pending Projects - Growth Impact on County Roads
PLANNING & DEVELOPMENT
International
emeran Behymen JeWoll
Perrin TN 6432
TM 6438
™M 8375
Shepherd
league
Nees
Caster Tamertay O
turtle Ven Bend
Legend
Schools Projected 5 Year Street
City of Clovis Limits Widening/Construction
Parcel • Construction
City of Clovis SOI •**** Widening 0 0.3 0.6
... 12
_, Future Tract Maps SFR $ Projected 5 Year Traffic Lights Miles
Public Comment for item 6
Briana Parra
From: City of Clovis Website <[email protected]> Sent: Monday, December 9, 2024 8:59 AM
To: Andrew Haussler; Rebecca Simonian; Briana Parra
Subject: [External] Public Comment for City Council
Council Meeting Date: 2024-12-09
Item Number (put "O" if your comment is regarding an item not on the agenda): 6 Full Name: Anna Lazo
Email: [email protected]
Comment: #stopforsandro
Supporting Files (2 Max.):
Date: December 9, 2024
Time: 8:59 am
Remote IP: 73.90.45.124
PUBLIC COMMENT FOR DECEMBER 9, 2024
Briana Parra
From: City of Clovis Website <[email protected]> Sent: Monday, December 9, 2024 9:19 AM
To: Andrew Haussler; Rebecca Simonian; Briana Parra
Subject: [External] Public Comment for City Council
Council Meeting Date: 2024-12-09
Item Number (put "0" if your comment is regarding an item not on the agenda): 6 Full Name: Chandler Solis
Email: [email protected]
Comment: #stopforsandro
Supporting Files (2 Max.):
---
Date: December 9, 2024
Time: 9:18 am
Remote IP: 68.8.30.20
Briana Parra
From: City of Clovis Website < [email protected]> Sent: Monday, December 9, 2024 9:20 AM
To: Andrew Haussler; Rebecca Simonian; Briana Parra
Subject: (External] Public Comment for City Council
Council Meeting Date: 2024-12-09
Item Number (put "0" if your comment is regarding an item not on the agenda): 6 Full Name: Chantel Washington
Email: [email protected]
Comment: #stopforsandro
Supporting Files (2 Max.):
---
Date: December 9, 2024
Time: 9:19 am
Remote IP: 104.28.32.227
:.
Briana Parra
From: City of Clovis Website <[email protected]> Sent: Aonday, December 9, 2024 9:22 AN
To: Andrew Haussler, Rebecca Simonian; Briana Parr
Subject: [External] Public Comment for City Council
Council Meeting Date: 2024-12-09
Item Number (put"O" if your comment is regarding an item not on the agenda): 6 Full Name: Christian Paolinetti
Email: [email protected]
Comment: #stopforsandro
Supporting Files (2 Max.):
---
Date: December 9, 2024
Time: 9:21 am
Remote IP: 140.248.45.84
Briana Parra
From: City of Clovis Website <[email protected]> Sent: Monday, December 9, 2024 9:22 AM
To: Andrew Haussler; Rebecca Simonian; Briana Parra
Subject: [External] Public Comment for City Council
Council Meeting Date: 2024-12-09
Item Number (put "0" if your comment is regarding an item not on the agenda): 6 Full Name: Sondra Pokea
Email: [email protected]
Comment: stopforsandro
Supporting Files (2 Max.):
Date: December 9, 2024
Time: 9:22 am
Remote IP: 174.242.36.232
Briana Parra
From: City of Clovis Website <[email protected]> Sent: Monday, December 9, 2024 9:37 AM
To: Andrew Haussler; Rebecca Simonian; Briana Parra
Subject: [Externall Public Comment for City Council
Council Meeting Date: 2024-12-09
Item Number (put "O" if your comment is regarding an item not on the agenda): 6 Full Name: Julie Le Duc
Email: [email protected]
Comment: #STOPFORSANDRO
Our city streets Need to be made safe for everyone!!
Supporting Files (2 Max.):
---
Date: December 9, 2024
Time: 9:36 am
Remote IP: 107.77.212.126
Briana Parra
From: City of Clovis Website < [email protected]> Sent: Monday, December 9, 2024 9:37 AN
To: indrew Haussler, Rebecca Simonian; Briana Parr
Subject: [Externall Public Comment for City Council
Council Meeting Date: 2024-12-09
Item Number (put "O" if your comment is regarding an item not on the agenda): 6 Full Name: Olivia Paolinetti
Email: [email protected]
Comment: #STOPFORSANDRO
Supporting Files (2 Max.):
---
Date: December 9, 2024
Time: 9:37 am
Remote IP: 107.116.170.23
Briana Parra
From: City of Clovis Website < [email protected]> Sent: Monday, December 9, 2024 9:39 AM
To: Andrew Haussler; Rebecca Simonian; Briana Parra
Subject. [External] Public Comment for City Council
Council Meeting Date: 2024-12-09
Item Number (put "O" if your comment is regarding an item not on the agenda): 6 Full Name: Karen Reyes
Email: [email protected]
Comment: #stopforsandro
Supporting Files (2 Max.):
_--
Date: December 9, 2024
Time: 9:39 am
Remote IP: 12.219.42.182
Briana Parra
From: City of Clovis Website «[email protected]> Sent: Monday, December 9, 2024 9:43 AM
To: Andrew Haussler; Rebecca Simonian; Briana Parra
Subject: [External] Public Comment for City Council
Council Meeting Date: 2024-12-09
Item Number (put "0" if your comment is regarding an item not on the agenda): 6 Full Name: Sofia Hinojosa
Email: [email protected]
Comment: #stopforsandro
Supporting Files (2 Max.):
---
Date: December 9, 2024
Time: 9:42 am
Remote IP: 136.60.12.81
1 Briana Parra
From: City of Clovis Website < [email protected]> Sent: Monday, December 9, 2024 9:45 AM
To: Andrew Haussler; Rebecca Simonian; Briana Parra
Subject: [External] Public Comment for City Council
Council Meeting Date: 2024-12-09
Item Number (put "O" if your comment is regarding an item not on the agenda): 6 Full Name: John Harris
Email: [email protected]
Comment: #StopForSandro
Supporting Files (2 Max.):
--
Date: December 9, 2024
Time: 9:45 am
Remote IP: 76.20.83.202
Briana Parra
From: City of Clovis Website <[email protected]> Sent: Monday, December 9, 2024 9:46 AM
To: Andrew Haussler; Rebecca Simonian; Briana Parra
Subject: [External] Public Comment for City Council
Council Meeting Date: 2024-12-09
Item Number (put "O" if your comment is regarding an item not on the agenda): 6 Full Name: Aubrey Solis
Email: [email protected]
Comment: #stopforsandro
Supporting Files (2 Max.):
---
Date: December 9, 2024
Time: 9:45 am
Remote IP: 174.205.161.238
Briana Parra
From: City of Clovis Website <[email protected]> Sent: Monday, December 9, 2024 9:49 AM
To: Andrew Haussler; Rebecca Simonian; Briana Parra
Subject: [External] Public Comment for City Council
Council Meeting Date: 2024-12-09
Item Number (put "O" if your comment is regarding an item not on the agenda): 6 Full Name: Cash H
Email: [email protected]
Comment: #stopforsandro
Supporting Files (2 Max.):
---
Date: December 9, 2024
Time: 9:48 am
Remote IP: 198.145.226.40
1 Briana Parra
From: City of Clovis Website <[email protected]> Sent: Monday, December 9, 2024 9:49 AM
To: Andrew Haussler, Rebecca Simonian; Briana Parra
Subject: [External] Public Comment for City Council
Council Meeting Date: 2024-12-09
Item Number (put "0" if your comment is regarding an item not on the agenda): 6 Full Name: Janae Reynolds
Email: [email protected]
Comment: My name is Janae Reynolds. I am coming to you parent to parent.... Sandro Lazo was my son, Carter's, best friend. My son was shattered this last summer. Carter was starting his senior year and he told me he was now dreading school- "He was my person... we were two halves. Kids like us need each other- now who do I have?" This changes a boy at 17, losing his best friend. Our boys are different- they're not football players, homecoming kings, or the popular ones... they're A/V kids, band nerds, and a band of misfit toys but they found each other. Their bond is, sorry WAS, like no other.
We want kids to put down the phones, "go be kids", get outside... That's exactly what Sandro was doing.
If we want our kids to go out and be kids- then we need to ensure it's safe for them out there. Fowler and Perrin is no longer safe!
Sandro was something truly special- he was brilliant, creative, a film maker, über funny, inclusive to all, and the most positive, uplifting teenager I have ever met. **What would the stop sign truly cost the city or the county??? if it would give his family even the littlest bit of peace- at any cost, it is the least we, as a community, can do for them.
Show the parents of Clovis that you prioritize OUR kids just as much as you do your own... they say "it takes a village" - it's time for our village to SHOW UP for this family and put in a freaking stop sign so the loss of their only son isn't in vain.
#StopForSandro
Supporting Files (2 Max.):
Date: December 9, 2024
Time: 9:48 am
Remote IP: 107.127.14.80
1 •
Briana Parra
From: City of Clovis Website < [email protected]> Sent: Monday, December 9, 2024 9:49 AM
To: Andrew Haussler, Rebecca Simonian; Briana Parra
Subject: [External] Public Comment for City Council
Council Meeting Date: 2024-12-09
Item Number (put "O" if your comment is regarding an item not on the agenda): 0 Full Name: Haley Solis
Email: [email protected]
Comment: STOP FOR SANDRO
Supporting Files (2 Max.):
---
Date: December 9, 2024
Time: 9:48 am
Remote IP: 108.147.173.98
Briana Parra
From: City of Clovis Website <[email protected]> Sent: Monday, December 9, 2024 9:54 AM
To: Andrew Haussler; Rebecca Simonian; Briana Parra
Subject: (External] Public Comment for City Council
Council Meeting Date: 2024-12-09
Item Number (put "O" if your comment is regarding an item not on the agenda): 6 Full Name: Ginny Solis-Wright
Email: [email protected]
Comment: #stopforsandro
Supporting Files (2 Max.):
---
Date: December 9, 2024
Time: 9:54 am
Remote IP: 70.162.202.44
Briana Parra
From: City of Clovis Website < [email protected]> Sent: Monday, December 9, 2024 10:04 AN
To: Andrew Haussler; Rebecca Simonian; Briana Parri
Subject: [External] Public Comment for City Council
Council Meeting Date: 2024-12-09
Item Number (put "0" if your comment is regarding an item not on the agenda): 6 Full Name: Vera Bridges
Email: [email protected]
Comment: #stopforSandro
Supporting Files (2 Max.):
---
Date: December 9, 2024
Time: 10:03 am
Remote IP: 73.158.225.184
Briana Parra
From: City of Clovis Website <[email protected]> Sent: Monday, December 9, 2024 10:05 AM
To: Andrew Haussler; Rebecca Simonian; Briana Parra
Subject: [External] Public Comment for City Council
Council Meeting Date: 2024-12-09
Item Number (put "O" if your comment is regarding an item not on the agenda): 6 Full Name: Heather Bright
Email: [email protected]
Comment: I am commenting on the city impact on the safety of county roads because our family, and especially my 16-year-old-son, have been directly impacted by this with the death of Sandro Lazo. I understand that the County of Fresno has jurisdiction, but it's only because of the development by the City of Clovis that the traffic along Fowler Avenue, north of Nees Avenue has increased. That, coupled with the lack of a stop sign at Perrin and Fowler contributed to the deaths of Sandro Lazo and Kaiden Bailey within 10 days of each other last summer. I am asking for the Clovis City Council to step up and take the initiate to work with Fresno County and do whatever it takes to protect its residents. If this was your own child, I'm sure you would stop at nothing to make this happen.
Supporting Files (2 Max.):
---
Date: December 9, 2024
Time: 10:04 am
Remote IP: 174.219.193.18
1 Briana Parra
From: City of Clovis Website < [email protected]> Sent: Monday, December 9, 2024 10:07 AM
To: Andrew Haussler; Rebecca Simonian; Briana Parra
Subject: [External] Public Comment for City Council
Council Meeting Date: 2024-12-09
Item Number (put "O" if your comment is regarding an item not on the agenda): 6 Full Name: Emma Vega
Email: [email protected]
Comment: #STOP FOR SANDRO
Supporting Files (2 Max.):
Date: December 9, 2024
Time: 10:06 am
Remote IP: 65.65.156.86
1 Briana Parra
From: City of Clovis Website <[email protected]> Sent: Monday, December 9, 2024 10:07 AM
To: Andrew Haussler; Rebecca Simonian; Briana Parra
Subject: [Externall Public Comment for City Council
Council Meeting Date: 2024-12-09
Item Number (put "0" if your comment is regarding an item not on the agenda): 0 Full Name: Heba Zoubi
Email: [email protected]
Comment: #stopforsandro
Supporting Files (2 Max.):
--
Date: December 9, 2024
Time: 10:07 am
Remote IP: 67.169.142.141
1 Briana Parra
From: City of Clovis Website <[email protected]> Sent: Monday, December 9, 2024 10:15 AN
To: Andrew Haussler; Rebecca Simonian; Briana Parra
Subject: [External] Public Comment for City Council
Council Meeting Date: 2024-12-09
Item Number (put "0" if your comment is regarding an item not on the agenda): 6 Full Name: Branden Shaye
Email: [email protected]
Comment: #stopforsandro
Supporting Files (2 Max.):
---
Date: December 9, 2024
Time: 10:14 am
Remote IP: 174.234.196.104
Briana Parra
From: City of Clovis Website < [email protected]> Sent: Vonday, December 9, 2024 10:16 AN
To: Andrew Haussler, Rebecca Simonian; Briana Parr
Subject: [External] Public Comment for City Council
Council Meeting Date: 2024-12-09
Item Number (put "O" if your comment is regarding an item not on the agenda): 6 Full Name: Leah Angulo
•
Email: [email protected]
Comment: #stopforsandro
Supporting Files (2 Max.):
---
Date: December 9, 2024
Time: 10:16 am
Remote IP: 73.93.170.250
1 Briana Parra
From: City of Clovis Website <[email protected]> Sent: Monday, December 9, 2024 10:19 AM
To: Andrew Haussler, Rebecca Simonian; Briana Parra
Subject: [External] Public Comment for City Council
Council Meeting Date: 2024-12-09
Item Number (put "O" if your comment is regarding an item not on the agenda): 0 Full Name: Siobhan Balmain
•
Email: [email protected]
Comment: #StopforSandro
Supporting Files (2 Max.):
---
Date: December 9, 2024
Time: 10:18 am
Remote IP: 174.215.22.42
Briana Parra
From: City of Clovis Website <[email protected]> Sent: Monday, December 9, 2024 10:30 AM
To: Andrew Haussler; Rebecca Simonian; Briana Parra
Subject: [External] Public Comment for City Council
Council Meeting Date: 2024-12-09
Item Number (put "0" if your comment is regarding an item not on the agenda): 6 Full Name: Tori Trexler
Email: [email protected]
Comment: #StopForSandro !!
Supporting Files (2 Max.):
__-
Date: December 9, 2024
Time: 10:29 am
Remote IP: 174.195.83.26
1 Briana Parra
From: City of Clovis Website <[email protected]> Sent: Monday, December 9, 2024 10:31 AM
To: Andrew Haussler; Rebecca Simonian; Briana Parra
Subject: [External] Public Comment for City Council
Council Meeting Date: 2024-12-09
Item Number (put "O" if your comment is regarding an item not on the agenda): 6 Full Name: Amelia Bowring
Email: [email protected]
Comment: #StopForSandro
Supporting Files (2 Max.):
---
Date: December 9, 2024
Time: 10:31 am
Remote IP: 72.15.125.45
1 Briana Parra
From: City of Clovis Website < [email protected]> Sent: Monday, December 9, 2024 10:32 AM
To: Andrew Haussler; Rebecca Simonian; Briana Parra
Subject: [Externall Public Comment for City Council
Council Meeting Date: 2024-12-09
Item Number (put "O" if your comment is regarding an item not on the agenda): 0 Full Name: Lori Johnson
Email: [email protected]
Comment: Dear Council Members,
I'm a very concerned citizen who is STILL hoping for a stop sign where Sandro was killed. What's up with the delay? How do we get the traffic study we've been promised? Every single day since Sandro was killed in a needless CRASH, Sandro's friends and family mourn the needless loss of a wonderful human. A stop sign surely won't ease the pain but we'd all feel better that another life may be safed.
Thank you,
Lori Johnson
Supporting Files (2 Max.):
--
Date: December 9, 2024
Time: 10:31 am
Remote IP: 136.26.5.55
Briana Parra
From: City of Clovis Website <[email protected]> Sent: Monday, December 9, 2024 10:33 AM
To: Andrew Haussler; Rebecca Simonian; Briana Parra
Subject: [External] Public Comment for City Council
Council Meeting Date: 2024-12-09
Item Number (put "O" if your comment is regarding an item not on the agenda): 6 Full Name: Amelia Bowring
Email: [email protected]
Comment: #StopForSandro
Supporting Files (2 Max.):
---
Date: December 9, 2024
Time: 10:32 am
Remote IP: 72.15.125.45
•
Briana Parra
From: City of Clovis Website <[email protected]> Sent:
To:
Subject:
Council Meeting Date: 2024-12-09
Item Number (put "" if your comment is regarding an item not on the agenda): 6 Full Name: Amelia Bowring
Email: [email protected]
Comment: #StopForSandro
Supporting Files (2 Max.):
---
Date: December 9, 2024
Time: 10:32 am
Remote IP: 72.15.125.45
1 Briana Parra
From: City of Clovis Website <[email protected]> Sent: Monday, December 9, 2024 10:34 AM
To: Andrew Haussler; Rebecca Simonian; Briana Parra
Subject: [External] Public Comment for City Council
Council Meeting Date: 2024-12-09
Item Number (put "O" if your comment is regarding an item not on the agenda): 6 Full Name: Chris Wright
Email: [email protected]
Comment: #stopforsandro
Supporting Files (2 Max.):
_--
Date: December 9, 2024
Time: 10:34 am
Remote IP: 174.205.227.130
Briana Parra
From: City of Clovis Website <[email protected]> Sent: Monday, December 9, 2024 10:47 AM
To: Andrew Haussler; Rebecca Simonian; Briana Parra
Subject: [External] Public Comment for City Council
Council Meeting Date: 2024-12-09
Item Number (put "0" if your comment is regarding an item not on the agenda): 6 Full Name: Ashleigh Fowler
Email: [email protected]
Comment: #STOPFORSANDRO
Supporting Files (2 Max.):
---
Date: December 9, 2024
Time: 10:46 am
Remote IP: 73.151.51.156
Briana Parra
From: City of Clovis Website <[email protected]> Sent: Monday, December 9, 2024 12:17 PM
To: Andrew Haussler; Rebecca Simonian; Briana Parra
Subject: [Externall Public Comment for City Council
Council Meeting Date: 2024-12-09
Item Number (put "O" if your comment is regarding an item not on the agenda): 6 Full Name: Martha Ceja
Email: [email protected]
Comment: I am hoping the city counsel is working hard for the StopForSandro movement. Please take the families considerations seriously, we won't give up until change happens! #stopforsandro Supporting Files (2 Max.):
---
Date: December 9, 2024
Time: 12:17 pm
Remote IP: 68.186.49.224
1 Briana Parra
From: City of Clovis Website <[email protected]> Sent: Monday, December 9, 2024 12:14 PM
To: Andrew Haussler; Rebecca Simonian; Briana Parra
subject: [External] Public Comment for City Council
Council Meeting Date: 2024-12-09
Item Number (put "O" if your comment is regarding an item not on the agenda): 6 Full Name: Albert Hernandez
Email: [email protected]
Comment: I have lived up on Fowler for over 25 years and I am aware of 5-6 fatal accidents over a half mile stretch. The roadways are the same width and conditions are the same but the amount of traffic has increased 10-20 times.
Since the City of Clovis is allowing more Developments and housing, someone needs to step up and make these roadways safe.
I don't understand how this was allowed to happen to begin with.
Supporting Files (2 Max.):
Date: December 9, 2024
Time: 12:14 pm
Remote IP: 172.225.89.145
1 Briana Parra
From: City of Clovis Website <[email protected]> Sent: Monday, December 9, 2024 12:01 PM
To: Andrew Haussler; Rebecca Simonian; Briana Parra
Subject: [External] Public Comment for City Council
Council Meeting Date: 2024-12-09
Item Number (put "O" if your comment is regarding an item not on the agenda): 6 Full Name: Tanya Navas
Email: [email protected]
Comment: The intersection at Perrin and Fowler is still a major concern for our community. Please provide an update when possible. #StopforSandro
Supporting Files (2 Max.):
---
Date: December 9, 2024
Time: 12:01 pm
Remote IP: 174.227.133.35
Briana Parra
From: City of Clovis Website <[email protected]> Sent: Monday, December 9, 2024 11:52 AM
To: Andrew Haussler; Rebecca Simonian; Briana Parra
Subject: [External] Public Comment for City Council
Council Meeting Date: 2024-12-09
Item Number (put "O" if your comment is regarding an item not on the agenda): 6 Full Name: Kyle Harris
Email: [email protected]
Comment: #StopForSandro
Supporting Files (2 Max.):
Date: December 9, 2024
Time: 11:52 am
Remote IP: 66.60.168.230
1 Briana Parra
From: City of Clovis Website < [email protected]> Sent: Monday, December 9, 2024 11:52 AM
To: Andrew Haussler; Rebecca Simonian; Briana Parra
Subject: [External] Public Comment for City Council
Council Meeting Date: 2024-12-09
Item Number (put "O" if your comment is regarding an item not on the agenda): 6 Full Name: Micaela Harris
Email: [email protected]
Comment: #StopForSandro
Supporting Files (2 Max.):
--
Date: December 9, 2024
Time: 11:51 am
Remote IP: 66.60.168.230
Briana Parra
From: City of Clovis Website <[email protected]> Sent: Monday, December 9, 2024 11:36 A
To: Andrew Haussler; Rebecca Simonian; Briana Parr
Subject: [External] Public Comment for City Council
Council Meeting Date: 2024-12-09
Item Number (put "O" if your comment is regarding an item not on the agenda): 6 Full Name: Carole Michael
Email: [email protected]
Comment: #STOPFORSANDRO
Supporting Files (2 Max.):
Date: December 9, 2024
Time: 11:36 am
Remote IP: 76.20.74.171
•
Briana Parra
From: City of Clovis Website < [email protected]> Sent: Monday, December 9, 2024 11:36 AM
To: Andrew Haussler; Rebecca Simonian; Briana Parra
Subiect: [External] Public Comment for City Council
Council Meeting Date: 2024-12-09
Item Number (put "0" if your comment is regarding an item not on the agenda): 0 Full Name: Oscar argueta
Email: [email protected]
Comment: Add a stop sign at Fowler and Perrin to protect pedestrians. Make it a priority.
Supporting Files (2 Max.):
---
Date: December 9, 2024
Time: 11:35 am
Remote IP: 172.59.48.238
•
Briana Parra
From: City of Clovis Website <[email protected]> Sent: Monday, December 9, 2024 11:30 AM
To: Andrew Haussler, Rebecca Simonian; Briana Parra
Subject: [External] Public Comment for City Council
Council Meeting Date: 2024-12-09
Item Number (put "O" if your comment is regarding an item not on the agenda): 6 Full Name: Brieana White
Email: [email protected]
Comment: Please put a stop sign at this intersection to prevent further accidents and death.
Supporting Files (2 Max.):
Date: December 9, 2024
Time: 11:30 am
Remote IP: 72.159.157.63
Briana Parra
From: City of Clovis Website <[email protected]> Sent:
More, auster Rebecca monian; Briana Para
To:
Subiect: (External] Public Comment for City Council
Council Meeting Date: 2024-12-09
Item Number (put "'" if your comment is regarding an item not on the agenda): 6 Full Name: Cathie Bailey
Email: [email protected]
Comment: As a mother of a child killed on a county road, this topic is extremely important to me. These narrow two lane roads that were once rarely traveled back roads are now a major throughfare. The traffic is heavy and speed limits are too high and often ignored. As the area continues to develop and pending road closures will force more traffic up these county roads, it is your responsibility to ensure they are as safe as possible. For the past 4 months, I keep hearing how important this issue is while at the same time not seeing an actual plan for change. My whole world has been shattered and the thought of that happening to another family is horrific. The speed limits need to be lowered on these narrow roads. There is no excuse to have a busy, narrow 2 lane road with no lights or shoulder to have a speed limit only 5mph less than Herndon Ave, which is a 6 lane, well lit road with sidewalks, a dividing strip, and stop lights every half mile. Please push for safe changes to be made. There are no excuses anymore to halt these important changes for the safety of our community, and in memory of Sandro Lazo and Kaiden Bailey.
Supporting Files (2 Max.):
---
Date: December 9, 2024
Time: 11:24 am
Remote IP: 76.20.72.11
1 Briana Parra
From: City of Clovis Website <[email protected]> Sent: Monday, December 9, 2024 11:17 AM
To: Andrew Haussler; Rebecca Simonian; Briana Parra
Subject: [External] Public Comment for City Council
Council Meeting Date: 2024-12-09
Item Number (put "0" if your comment is regarding an item not on the agenda): 6 Full Name: Shasta Rasmusson
Email: [email protected]
Comment: #stopforDandro
Supporting Files (2 Max.):
---
Date: December 9, 2024
Time: 11:17 am
Remote IP: 174.205.32.171
1 Briana Parra
From: City of Clovis Website <[email protected]> Sent: Monday, December 9, 2024 11:17 AM
To: Andrew Haussler; Rebecca Simonian; Briana Parra
Subject: [External] Public Comment for City Council
Council Meeting Date: 2024-12-09
Item Number (put "(" if your comment is regarding an item not on the agenda): 6 Full Name: Garrett Bright
Email: [email protected]
Comment: Discussion of the impact of city growth on county roads is long overdue. This is a serious matter affecting the safety of our children. My son recently lost his very good friend, Sandro Lazo, when he was hit by a car while riding his bicycle at Fowler and Perrin Road. This road has become a main thoroughfare for the drastically increased number Clovis of residents traveling from newer communities along Shepherd to Clovis North High School and Clovis Community College. Yet, only two stop signs exist along this 4.4 mile route between Fowler & Shepherd; and Willow & International. Further, there are no bicycle lanes along this stretch of road or indeed in many surrounding roads with schools nearby. For example, Nees Avenue from Dry Creek Elementary to the Buchanan Educational Center is one of the most popular yet worst maintained roads around. Both of my children have had to navigate this exceptionally dangerous section of road since leaving Dry Creek Elementary. The city seems to rely on construction projects, such as building of The Well Community Church, to fund their road improvements. This makes no sense in areas where construction projects are not possible. Take for example the same stretch of Nees between Sunnyside and Clovis, which is bordered by older permanent residences, a church and a ponding basin. The likelihood of that road being rebuilt as a requirement of new adjacent non-city construction anytime soon is obviously very low. In fact, it is hypocritical of the City of Clovis to require non-city construction to improve the surrounding infrastructure while continuing to build new schools with no thought as to the roads that students will have to navigate to attend them.
Clovis prides itself on its schools but when a student has to die before the city leaders even think to discuss the impact of their urban planning on the safety of the students who attend those schools, one tends to wonder about their priorities. That said, I applaud this council's decision to address this issue and sincerely hope you take it deadly serious, and affect real progress toward repairing these community safety failings as quickly as possible.
Supporting Files (2 Max.):
---
Date: December 9, 2024
Time: 11:17 am
Remote IP: 73.235.204.11
Briana Parra
From: City of Clovis Website <[email protected]> Sent: Monday, December 9, 2024 11:12 AM
To: Andrew Haussler; Rebecca Simonian; Briana Parra
Subject: [External] Public Comment for City Council
Council Meeting Date: 2024-12-09
Item Number (put "0" if your comment is regarding an item not on the agenda): 6 Full Name: Tiffany Louk
Email: [email protected]
Comment: Please make the streets safer for pedestrians. #STOPFORSANDRO Supporting Files (2 Max.):
---
Date: December 9, 2024
Time: 11:12 am
Remote IP: 108.147.93.114
Briana Parra
From: City of Clovis Website <[email protected]> Sent: Monday, December 9, 2024 11:11 AM
To: Andrew Haussler, Rebecca Simonian; Briana Parra
Subject: [External] Public Comment for City Council
Council Meeting Date: 2024-12-09
Item Number (put "O" if your comment is regarding an item not on the agenda): 6 Full Name: Natalie Peterson
Email: [email protected]
Comment: #stopforsandro
Please stop pushing stop sign and traffic issues off on the county's jurisdiction. We know that this particular intersection is a Clovis resident issue impacting (and taking) Clovis resident lives. Step up and get this stop sign approved please!
Supporting Files (2 Max.):
Date: December 9, 2024
Time: 11:11 am
Remote IP: 209.234.217.123
1 •
Briana Parra
From: City of Clovis Website <[email protected]> Sent: Monday, December 9, 2024 11:04 AM
To: Andrew Haussler; Rebecca Simonian; Briana Parra
Subject: [External] Public Comment for City Council
Council Meeting Date: 2024-12-09
Item Number (put "O" if your comment is regarding an item not on the agenda): 6 Full Name: Aubrey May
Email: [email protected]
Comment: #stopforsandro
Supporting Files (2 Max.):
Date: December 9, 2024
Time: 11:03 am
Remote IP: 73.12.149.209
1 •
Briana Parra
From: City of Clovis Website <[email protected]> Sent: Monday, December 9, 2024 10:59 AM
To: Andrew Haussler; Rebecca Simonian; Briana Parra
Subject: [External] Public Comment for City Council
Council Meeting Date: 2024-12-09
Item Number (put "0" if your comment is regarding an item not on the agenda): 6 Full Name: Lori Johnson
Email: [email protected]
Comment: Dear Council Member Ashbeck,
Regarding: Workshop to begin discussion of how city growth impacts county roads and joint efforts to improve safety.
Impact: When a suburban area experiences a significant population increase, it can negatively impact road safety by leading to increased traffic congestion, more vehicle-pedestrian/bicycle conflicts due to inadequate infrastructure, higher speeds on roads not designed for heavy traffic Solution: Develop an infrastructure that puts pedestrian and bicycle safety FIRST! We don't want anymore deaths like Sandro last August.
Thank you,
Lori Johnson
Supporting Files (2 Max.):
Date: December 9, 2024
Time: 10:59 am
Remote IP: 136.26.5.55
Agenda Item 6
Briana Parra
From: City of Clovis Website <[email protected]> Sent: Monday, December 9, 2024 1:45 PM
To: Andrew Haussler; Rebecca Simonian; Briana Parra
Subject: [External] Public Comment for City Council
Council Meeting Date: 2024-12-09
Item Number (put "0" if your comment is regarding an item not on the agenda): 6 Full Name: Daren Stemwedel
Email: [email protected]
Comment: Our roads within a few miles of city limits are a patchwork mess of improved city roads, and 2-lane county roads that are completely falling apart under the burden of development in the City of Clovis. It has created both a safety and a quality of life issue. If you have a chance, please take a drive on Nees Ave between Sunnyside and Clovis -- this road is in extremely poor condition and very unsafe as a result of traffic generated by the City.
When new projects are developed, they are only improving the roadways alongside those projects. This is not good enough given the hopscotch way Clovis is being developed. Please require new developments to have improved roads all the way from shopping centers and freeway entraces to the developments. If that's not economically feasible, then don't approve the developments. Fowler Ave. north of Nees all the way through to Behymer is a great example of roads that are not designed to support the amount of traffic the city's development is putting on them.
Supporting Files (2 Max.):
---
Date: December 9, 2024
Time: 1:45 pm
Remote IP: 108.244.49.217
PUBLIC COMMENT FOR DECEMBER 9, 2024
1 Briana Parra
From: City of Clovis Website <[email protected]> Sent: Monday, December 9, 2024 1:48 PM
To: Andrew Haussler; Rebecca Simonian; Briana Parra
Subject: [External] Public Comment for City Council
Council Meeting Date: 2024-12-09
Item Number (put "O" if your comment is regarding an item not on the agenda): 6 Full Name: PHILLIP GARCIA
Email: [email protected]
Comment: STOP FOR SANDRO
Supporting Files (2 Max.):
Date: December 9, 2024
Time: 1:48 pm
Remote IP: 75.204.127.140
Briana Parra
From: City of Clovis Website <[email protected]> Sent: Monday, December 9, 2024 2:03 PM
To: Andrew Haussler; Rebecca Simonian; Briana Parra
Subject: [External] Public Comment for City Council
Council Meeting Date: 2024-11-18
Item Number (put"O" if your comment is regarding an item not on the agenda): 9 Full Name: Rachel Youdelman
Email: [email protected]
Comment: I enthusiastically support the transition to district-based elections. The city is far too populous for at-large representation.
Residents will have a better connection to city government if they know which council member to contact when they need to.
Supporting Files (2 Max.):
Date: December 9, 2024
Time: 2:02 pm
Remote IP: 67.181.166.166
•
Briana Parra
From: City of Clovis Website <[email protected]> Sent: Monday, December 9, 2024 3:00 PM
To: Andrew Haussler; Rebecca Simonian; Briana Parra
Subject: [Externall Public Comment for City Council
Council Meeting Date: 2024-12-09
Item Number (put "O" if your comment is regarding an item not on the agenda): 6 Full Name: Gary Newmark
Email: [email protected]
Comment: Regarding Agenda Item No 6:
December 9, 2024
Workshop to begin discussion of how city growth impacts county roads and joint efforts to improve safety.
I have lived in Clovis since I was 3 years old - approximately 68 years - and have noticed that in recent years the traffic has increased dramatically and the drivers have become correspondingly more lawless and rude in many ways - speeding, aggressive driving, road rage, running red lights and stop signs, distracted driving, extreme noise, racing, weaving in and out of traffic and cutting other drivers off, tailgating, etc.
Public safety, and particularly traffic enforcement should be job number 1 for any community and that is one of the main areas that Clovis has been noted for that has made it a desirable place to live.
The City Council has been responsible for approving the growth that has contributed to the increased traffic problems and dangers, and therefore bears the responsibility for taking action to protect residents from those consequences. Additionally, with the massive numbers of expensive homes being built it only makes sense that the corresponding increase in property tax revenue should result in the ability to effectively mitigate the traffic problems caused by that very growth. I appreciate your attention to this and will look forward to safer streets to drive on in an expedited time frame - especially since there are human lives dependent on your action.
Thank you.
Supporting Files (2 Max.):
--
Date: December 9, 2024
Time: 2:59 pm
Remote IP: 172.226.212.131
1 •
Briana Parra
From: City of Clovis Website <[email protected]> Sent: Monday, December 9, 2024 2:59 PM
To: Andrew Haussler; Rebecca Simonian; Briana Parra
Subject: [External] Public Comment for City Council
Council Meeting Date: 2024-12-09
Item Number (put "0" if your comment is regarding an item not on the agenda): 6 Full Name: Maggie Weber
Email: [email protected]
Comment: #stopsignforsandro
Supporting Files (2 Max.):
---
Date: December 9, 2024
Time: 2:58 pm
Remote IP: 72.216.247.126
•
Briana Parra
From: City of Clovis Website <[email protected]> Sent: Monday, December 9, 2024 2:59 PM
To: Andrew Haussler; Rebecca Simonian; Briana Parra
Subject: [External] Public Comment for City Council
Council Meeting Date: 2024-12-09
Item Number (put "0" if your comment is regarding an item not on the agenda): 6 Full Name: Mark Phillips
Email: [email protected]
Comment: Ashlan Avenue along side of the Lennar development is a very rough condition due to Lennar tearing up and patching it, not leaving a smooth driving surface. No white line at the edge of road making foggy days challenging to drive it. How long until Lennar fixes their mess? Supporting Files (2 Max.):
_--
Date: December 9, 2024
Time: 2:58 pm
Remote IP: 73.66.35.14
1 •
•
Briana Parra
From: City of Clovis Website <[email protected]> Sent: Monday, December 9, 2024 3:37 PM
To: Andrew Haussler; Rebecca Simonian; Briana Parra
Subject: [External] Public Comment for City Council
Council Meeting Date: 2024-12-09
Item Number (put "O" if your comment is regarding an item not on the agenda): 6 Full Name: Marlene price
Email: [email protected]
Comment: Flashing solar stop signs at 4 way stops would greatly decrease accidents. If buttons for flashing pedestrian lights would be even better.
People seem to have forgotten how to walk at night with lights or reflectors. A community effort on news or commercials to re educate the public on night time pedestrian and bicycle etiquette so people ar seen by motorists. There are so many evening hit by car accidents. It cant all be motorists faul Supporting Files (2 Max.):
--
Date: December 9, 2024
Time: 3:36 pm
Remote IP: 73.90.194.116
1 Briana Parra
From: City of Clovis Website < [email protected]> Sent: Monday, December 9, 2024 3:45 PM
To: Andrew Haussler, Rebecca Simonian; Briana Parra
Subject: [External] Public Comment for City Council
Council Meeting Date: 2024-12-09
Item Number (put"O" if your comment is regarding an item not on the agenda): 6 Full Name: Christina Monreal
Email: [email protected]
Comment: Stop for Sandro!
Supporting Files (2 Max.):
Date: December 9, 2024
Time: 3:44 pm
Remote IP: 76.20.32.104
1 •
•
Briana Parra
From: City of Clovis Website < [email protected]> Sent: Monday, December 9, 2024 3:47 PM
To: Andrew Haussler; Rebecca Simonian; Briana Parra
Subject: [External] Public Comment for City Council
Council Meeting Date: 2024-12-09
Item Number (put "O" if your comment is regarding an item not on the agenda): 0 Full Name: Maria Teresa Gonzales
Email: [email protected]
Comment: #stopforsandro
Fowler and Perrin- pedestrian safety.
Supporting Files (2 Max.):
---
Date: December 9, 2024
Time: 3:47 pm
Remote IP: 104.180.5.82
1 •
Briana Parra
From: City of Clovis Website <[email protected]> Sent: Monday, December 9, 2024 3:55 PM
To: Andrew Haussler; Rebecca Simonian; Briana Parra
Subject: [External] Public Comment for City Council
Council Meeting Date: 2024-12-09
Item Number (put "0" if your comment is regarding an item not on the agenda): 6 Full Name: Sandeep Kaur
Email: [email protected]
Comment: # STOPFOR SANDRO#
Supporting Files (2 Max.):
--
Date: December 9, 2024
Time: 3:54 pm
Remote IP: 68.254.249.236
Briana Parra
From: City of Clovis Website < [email protected]> Sent: Monday, December 9, 2024 4:24 PM
To: Andrew Haussler; Rebecca Simonian; Briana Parra
Subject: (Externall Public Comment for City Council
Council Meeting Date: 2024-12-09
Item Number (put"'" if your comment is regarding an item not on the agenda): 6 Full Name: Stacy Prinz
Email: [email protected]
Comment: Please do something about this intersection before someone else loses a loved one!! #stopforsandro
Supporting Files (2 Max.):
---
Date: December 9, 2024
Time: 4:23 pm
Remote IP: 67.161.180.205
•
Briana Parra
From: City of Clovis Website < [email protected]> Sent: Monday, December 9, 2024 4:31 PN
To: Andrew Haussler; Rebecca Simonian; Briana Parr
Subject: [External] Public Comment for City Council
Council Meeting Date: 2024-12-09
Item Number (put "O" if your comment is regarding an item not on the agenda): 6 Full Name: Dakota Chaves
Email: [email protected]
Comment: Please put up a stop sign at this very dangerous intersection, where there have been multiple fatal accidents!! #stopforsandro
Supporting Files (2 Max.):
---
Date: December 9, 2024
Time: 4:30 pm
Remote IP: 99.103.194.242
Briana Parra
From: City of Clovis Website <[email protected]> Sent: Monday, December 9, 2024 4:38 PM
To: Andrew Haussler; Rebecca Simonian; Briana Parra
Subject: [External] Public Comment for City Council
Council Meeting Date: 2024-12-09
Item Number (put "0" if your comment is regarding an item not on the agenda): 6 Full Name: Alison Lo
Email: [email protected]
Comment: I am hoping the city counsel is working hard for the StopForSandro movement. If the council really cares about its people and their safety, action needs to be taken. We won't give up until change happens! #stopforsandro
Supporting Files (2 Max.):
Date: December 9, 2024
Time: 4:37 pm
Remote IP: 172.56.241.246
Agenda Item 1
CITY OF
CLOVIS
CALIFORNIA
1912*
Annual
Comprehensive
Financial
Report
For the Fiscal Year ended
June 30, 2024
ANNUAL COMPREHENSIVE
FINANCIAL REPORT
FOR THE FISCAL YEAR ENDED
JUNE 30, 2024
CITY OF CLOVIS
CALIFORNIA
IT Y •I CLOVI
U
LYNNE ASHBECK, MAYOR
VONG MOUANOUTOUA, MAYOR PRO-TEM
DREW BESSINGER, COUNCILMEMBER
MATT BASGALL, COUNCILMEMBER
DIANE PEARCE, COUNCILMEMBER
JOHN HOLT, CITY MANAGER
Prepared by City of Clovis Finance Department
Jay Schengel, Finance Director
CITY OF CLOVIS
TABLE OF CONTENTS
FOR THE FISCAL YEAR ENDED JUNE 30, 2024
Page
INTRODUCTORY SECTION (Unaudited)
Letter of Transmittal.. ....3
GOA Certificate of Achievement. ...
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 ili
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 Statement 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 Financial 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 Based 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
CITYOCLOVIS
1033 FIFTH STREET • CLOVIS. CA 93612
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 Annual Comprehensive Financial Report (ACFR). This report has been formatted to comply with the financial reporting model as prescribed by the Governmental Accounting Standards Board (GASB). These statements have been audited in accordance with Generally Accepted Auditing Standards (GAAS) by a firm of licensed certified public accountants as required by State law. Pursuant to that requirement, we hereby issue the ACFR of the City of Clovis for the fiscal year ended June 30, 2024.
This report consists of management's representations concerning the finances of the City of Clovis. Consequently, management assumes 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 reliable information for the preparation of the City of Clovis' financial statements in conformity with Generally Accepted Accounting Principles (GAAP). Because the cost of internal controls should not outweigh their benefits, the City of Clovis' comprehensive framework of internal controls has been designed to provide reasonable rather than absolute assurance that the financial statements will be free from material misstatements. As management, 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 The Pun Group LLP. The goal of the independent audit was to provide reasonable assurance that the financial statements of the City of Clovis for the fiscal year ended June 30, 2024, are free of material misstatement. The independent audit involved examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements; assessing the accounting principles used and significant estimates made by management; and evaluating the overall financial statement presentation. The independent auditor concluded, based upon the audit, that there was reasonable basis for rendering an unmodified opinion that the City of Clovis' financial statements for the fiscal year ended June 30, 2024, are fairly presented 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 559.324.2600 • TTY-711 www.cityofclovis.com
GAAP require that management provide a narrative introduction, overview 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 complement MD&A and should be read in conjunction with it. The City of Clovis' MD&A can be found immediately following the report of the independent auditors.
Profile of the Government
The City of Clovis, incorporated in 1912, as a general law City of the State of California, is located near the middle of the state in the San Joaquin Valley. 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-manager form of government. Policy-making and legislative authority are vested in a governing council consisting of the mayor and four other members. The council is elected on a non-partisan basis. Council members serve four-year staggered terms, with two council members elected in one election and three elected in another election, separated by two years. The mayor is selected from among the council members by the council members and serves a two-year term. All five members of the governing board are elected at large. The council is responsible, among other things, for passing ordinances, adopting the budget, appointing committees, and hiring the City's manager and attorney. The City manager is responsible for carrying out the policies and ordinances of the governing council, for overseeing 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 services, including police and fire protection; the construction, maintenance, and cleaning of streets and other infrastructure; planning and development services; water service; refuse collection, disposal, and recycling services; sewer service; storm 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 required to submit requests for appropriations to the City manager during the second week of March each year. The City manager uses these requests along with input from the council to develop a proposed budget. By the second Monday in May the proposed budget is presented to the City council for review. The council is required to hold public hearings 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 those amounts require council action. Budget-to-actual comparisons are provided in this report for each individual governmental fund for which an appropriated annual budget has been adopted. For the general fund, the budget-to-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 Factors Affecting Financial Condition
The information presented in the financial statements is perhaps best understood when it is considered from the broader perspective of the specific environment within which the City of Clovis operates.
Local economy. The City's unemployment rate in June of 2024 was 4.5% and has held steady this past year. The City is beginning to see a decline in historically high sales tax revenue from last year as residents struggle with the impacts of high inflation and rapidly increasing interest rates. The City has also enjoyed higher than average retail sales when compared to other cities and the state, and significantly better 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 make 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 evident during the 2020 recession, the City's efforts over many years to build a strong and diverse economy that attracts high quality businesses, employees, and residents to our community 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 delivery services rather than brick and mortar locations. Many employees are continuing to telecommute, 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 start-ups.
As we gain deeper knowledge of the economic 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 monetary 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 reaching mutual goals of a vibrant community that allows for success of all residents.
The City of Clovis is part of the 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 population of 126,133 experienced a .1% growth in 2024 compared to a 1% growth rate in the County. There are approximately 429,000 jobs in Fresno County. The City of Clovis 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 Costco with over 400 employees, Clovis Community Hospital with over 2,900 employees, Wawona Frozen Foods with over 700 employees, Anlin 5 Industries with 500 employees, the County of Fresno with over 1,800 employees, and the largest employer, Clovis Unified School District 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 land use planning process, the City's completed General Plan is at the top of the 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 infrastructure; and it is used to create development impact fees and provides the basis for environmental analysis of the growth of the 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 wastewater 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 gallons of disinfected recycled water each day and distributes this water through a "purple 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 place 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 fee 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 refuse, residential recycling, greenwaste and street sweeping rates. The Sewer Fund bond surcharge of $7.30 was fully rebated for the fiscal year.
Structurally Balanced Budget Policy. Prior to the economic recession, in fiscal year 2006/07, the City Council utilized the emergency 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 2007/08 to utilize additional 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 expenditures. The Council is determined to maintain a structurally balanced budget where current estimated 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 considers an increase in the fund balance assigned for emergencies whenever there 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.
6 Awards and Acknowledgements
The Government Finance Officers Association (GOA) awarded a Certificate of Achievement for Excellence in Financial Reporting to the City of Clovis for its ACR 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 period of one year only. We believe that our current ACR continues to meet the Certificate of Achievement Program requirements, and we are submitting it to the GOA to determine its eligibility for another certificate.
In addition, the City also received the GOA's Distinguished Budget Presentation Award for its annual budget document dated July 1, 2024. To qualify for the Distinguished Budget Presentation Award, the governments' budget document was 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 accomplished with the efficient and dedicated service of the City's Finance Department. I would like to express my appreciation to everyone who assisted in its preparation, especially, Gina Daniels, Jeff Blanks, Susan Evans, Jose Reynoso, Jose Cortez and Ran Chan.
Respectfully submitted,
Jen Sal
Jay Schengel, CPA
Finance Director
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
Chuitopher P. Morill
Executive Director/CEO
8 CITY OF CLOVIS ORGANIZATION CHART
CITIZENS
OF
CLOVIS
MAYOR
AND
CITY COUNCIL
CITY CLERK
PERSONNEL CONSON
CITY ATTORNEY CITY MANAGER
ASSISTANT CITY MANAGER
City Manager Department Public Utilities Department
Communications, General Func
conomic Development, General Fun Water, Enterprise Fund lousing and Community Developmen Wastewater, Enterprise Fund Special Revenue Fund Community Sanitation, Enterprise Fund information Technology, Internal Service Func Parks, General Fund Elections, General Fund Streets, General Fund
Fleet Maintenance, Internal Service Fund
Lears Management. General End
Planning and Development Services
Finance Department, General Fund Department
Accounting/Reporting lanning. Enterprise Fun
Utility Billing Building, Enterprise Fun
udgetir Engineering Services, Enterprise Fund
ty Treasur
Communiy invest Furogram, Capital
Police Department, General Fund
Fire Department, General Fund Administration and Support Services Operations Communication
Training Patrol
Emergency Preparedness
General Services Department
Personnel/Risk Management. General Fund
enior Services, General Fur
Public Transit, Enterprise Fur
Recreation Services, General Fund
Facilities Maintenance, Internal Service Fund
Purchasing, Internal Service Fund
9 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
10 THE
PUN GROUP
ACCOUNTANTS & ADVISORS
4660 La Jolla Village Drive, Suite 100
San Diego, California 92122
www.pungroup.cpa
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 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 as listed in the table of contents.
In our opinion, the financial statements referred to above present fairly, in all material respects, the respective financial position of the governmental activities, the business-type activities, each major fund, and the aggregate remaining fund information of the City as of June 30, 2024, and the respective changes in financial position, cash flows, and the budgetary comparison schedule for the General 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 responsibilities under those standards are further described in the 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 presentation of the financial statements in accordance with accounting principles generally accepted in the United States of America, and for the design, implementation, and maintenance of internal control relevant to the preparation and fair presentation of financial statements that are free from material misstatement, whether due to fraud or error.
In preparing the financial statements, management is required to evaluate whether there are conditions or events considered in the aggregate, that raise substantial doubt about the City's ability to continue as a going concern for twelve months beyond the financial statement date, including any currently known information that may raise substantial doubt shortly thereafter.
ORANGE COUNTY • SAN DIEGO • SACRAMENTO • WALNUT CREEK• LASVEGAS • PHOENIX OC To the Honorable Mayor and Members of City Council
of the City of Clovis
Clovis, California
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 when it exists. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control. Misstatements are considered material if there is a substantial likelihood that, individually or in the aggregate, they would influence the judgment nade by a reasonable user based on the financial statements.
In performing an audit in accordance with auditing standards generally accepted in the United States of America and Govemment Auditing Standards, we:
• Exercise professional judgment and maintain professional skepticism throughout the audit. • Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, and design and perform audit procedures responsive to those risks. Such procedures include examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. • Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the City's internal control. Accordingly, no such opinion is expressed. • Evaluate the appropriateness of accounting policies used and the reasonableness of significant accounting estimates made by management, as well as evaluate the overall presentation of the financial statements. • Conclude whether, in our judgment, there are conditions or events, considered in the aggregate, that raise substantial doubt about the City's ability to continue as a going concern for a reasonable period of time.
We are required to communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit, significant audit findings, and certain internal control-related matters that we identified during the audit.
Required Supplementary Information
Accounting principles generally accepted in the United States of America require that the Management's Discussion and Analysis, 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 presented 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 historical context. We have applied certain limited procedures to the required supplementary information in accordance with auditing standards generally accepted in the United States of America, which consisted of inquiries of management about the methods of preparing the information and comparing the information for consistency with management's responses to our inquiries, the basic financial statements, and other knowledge we obtained during our audit of the basic financial statements. We do not express an opinion or provide any assurance on the information because the limited procedures do not provide us with sufficient evidence to express an opinion or provide any assurance. 14 To the Honorable Mayor and Members of City Council
of the City of Clovis
Clovis, California
Supplementary Information
Our audit was 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 included in the annual report. The other information comprises the introductory and statistical sections but does not include 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 financial reporting and on our tests of its compliance with certain provisions of laws, regulations, contracts, and grant agreements and other matters. The purpose of that report is to describe the scope of our testing of internal control over financial reporting and compliance and the results of that testing, and not to provide an opinion on the 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 The find Group, i
San Diego, California
November 25, 2024
15 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 fiscal year ended June 30, 2024. Please read it in conjunction with the accompanying 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 Landscape 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 available for carryover to fund future general fund expenditures.
During the year, approved rates for recycling and green waste programs increased by 4% along with a 4% increase in the refuse collection and disposal 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 Statement 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 services are financed in the short term as well as what remains for future spending. Fund financial statements 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 financial statements are designed to provide readers with a broad overview of the City's finances. These statements include all assets and liabilities of the City using the accrual basis of accounting, which is similar to the accounting method used by most private sector companies. All of the current year's revenues and expenses are taken into account regardless of when cash is received or paid out.
16 The statement of net position presents information on all the City'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 position are reported as soon as the underlying event giving rise to the change occurs. 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 primarily 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 control 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. Management establishes other funds to control and manage money for particular purposes or to show the City is meeting 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 government-wide financial statements.
However, unlike the government-wide financial statements, governmental fund financial statements focus on the near-term inflows and outflows of spendable resources, as well as on balances of spendable resources available at the 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 governmental funds is narrower than that of the government-wide financial statements, it is useful to compare the information presented for the governmental funds with similar information presented for governmental activities in the government-wide financial statements. By doing so, 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 statement of revenues, expenditures, and changes in fund balances provide reconciliation between governmental funds and governmental activities. This reconciliation explains the relationship (or differences) between the fund statements and the government-wide statements.
17 The City of Clovis maintains seven individual governmental funds. Information is presented 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 into a single aggregated presentation. 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 appropriated 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 statements. The City utilizes enterprise funds to account for those activities that are supported primarily by user charges to external users, and includes community sanitation, sewer disposal, water, transit and planning and development services. Internal service funds are used to account for activities that are supported by user charges 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 benefit governmental rather than business-type functions, they have been included within governmental 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 report. The basic proprietary fund financial statements can be found on pages 36-41 of this report.
Fiduciary funds. Fiduciary funds are used to account for 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 additional information that is essential to a full understanding of the data provided in the government-wide and fund statements. The notes to the financial statements can be found on pages 44-82 of this report.
18 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 Business-type
activities 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 Outlows 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 inflows of resources (net position) by $1.04 billion. Governmental activities finished the year with a positive net 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 $318 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 million, or 87%, is the City's net investment in capital assets (e.g. land, buildings and improvements, machinery and equipment and the road network) less any related debt used to acquire those assets that is still outstanding. The City's investment in capital assets increased $50 million, restricted net position decreased by $6 million and unrestricted net position increased by $1 million, accounting 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 relate 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 treatment-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 represents 4% of the total net position.
Restricted net position represents those 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.
19 Unrestricted net position represents those resources which may be used to meet the City's ongoing commitments to citizens and creditors. Government-wide unrestricted net position is $91 million, or 9% of the total net position, which is a 1% increase 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 million, or 5%, over June 30, 2023. Donated and constructed assets increased by $39 million while the amounts available for debt service, street and road construction and community development decreased by $6 million. Additionally, the amount accumulated during the year for normal activities, unrestricted net position, increased by $2 million. 20 The following lists key components of this increase:
City of Clovis'
Changes in Net Position
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 36.397,357 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
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 this increase is attributable to federal and state grant revenue increases. Taxes, including property, sales, franchise, 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 valuation 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 consumers reducing their discretionary spending on taxable goods as the cost of housing, food and gas increased significantly. 21 Total governmental expenses for the year were $120 million, an increase 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 • decreased from 2023. General government expenses decreased from 2023. Transportation expenses increased from 2023.
Cultural and Recreation expenses were $10 million, slightly increased when compared to 2023.
Expenses and Program Revenues-Governmental Activities
$85,000,000
$80,000,000
$75,000,000
• Expenses • Program Revenues
$70,000,000
$65,000,000
$60,000,000
$55,000,000
$50,000,000
$45,000,000
$40,000,000
$35,000,000
$30,000,000
$25,000,000
$20,000,000
$15,000,000
$10,000,000
$5,000,000
SO
General Public Transportation Community Cultural
Government Safety Development and Recreation
Revenues by Source-Governmental Activities
property taxes
25%
capital grants
and contributions
21%
business license &
franchise taxes
2%
operating grants_
and contributions sales taxes
3% 19%
transient
- occupancy taxes
charges for. 3%
services -unrestricted
22% investment
earnings
5%
22 Program revenues that include charges for services and grants specific to certain programs were $73 million, or 46% of the total governmental activity revenue. The largest change in program revenues, notably in General Government, resulted in an increase 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 million, 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 increase 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 that 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 from developers and $3 million in state transit funding.
Expenses and Program Revenues-Business-type Activities
30,000,000
25,000,000
• Expenses • Program Revenues
20,000,000
15,000,000
10,000,000
5,000,000
0 Community Sanitation Sewer Water Transit Planning &
Development Services
23 Revenues by Source-Business-type Activities
operating grants
and
contributions
8%
charges for.
services
83% capital grants
and
_contributions
3%
Lunrestricted
investment
earnings
6%
Included in charges for services are development fees relating to the construction of capital improvements for sewer disposal and water operations. The revenues generated by these development fees are normally accumulated until such time as there are sufficient reserves to construct or acquire capital assets or to pay debt service on previously 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 accounting to ensure and demonstrate compliance with finance-related legal requirements.
Governmental funds. Fund balance is defined in five categories: nonspendable, restricted, committed, assigned and unassigned. Nonspendable fund balances cannot be spent because of their form. Restricted fund balance has limitations imposed externally by creditors, grantors, contributors, or laws and regulations of other governments. Committed fund balance has self-imposed limitations 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 fund 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 unassigned, which, within the 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) 24 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 change in fund balance was primarily due to the increases in transfers out related to capital project reimbursements.
The local transportation fund, used to account for all street construction projects, incurred less than budgeted expenditures as a result of several 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 position except for the Transit Fund. This deficit balance is attributable to the liability of CalPERS pension funds. This 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 positive unrestricted net position. The current liability for workers' compensation claims is $9.2 million. The City funds the current year workers' compensation expenditures with charges to City programs. The City has also funded approximately $3.5 million of the accrued liability 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 Change in Fund Balance-Budget to Actual, General Fund, on page 35 shows the original budget and final budget. 25 The Variance with Final Budget within the same statement allows the City to analyze and improve the upcoming fiscal year budget. Below is a summary of the primary variances:
Comparison of Revenues, Expenditures and Changes in Fund Balance Budget and Actual - General Fund
Budgeted Budgeted Actual Final Budget
Original Final Amounts Variance Explanation
Revenues:
[Variance due to larger amounts realized in various
property taxes mostly in current year secured,
Property Taxes $38.144.000 $38,144,000 $39.288.942 $1.144,942 unsecured and in lieu of vehicle license fees.
Variance due to inflationary pressures on consumers
Sales Taxes 31,995,000 31,995,000 29,516,137 (2,478,863) causing less discretionary spending on taxable goods.
Use of Money and Variance due to an increase in interest income Property 463,000 463,000 1,139,847 676,847 collected, due to higher yielding investments...
Variance mostly due to reimbursement of out-of-county
From Other Agencies 4,779,000 4.927,182 6,473,310 1,546,128 emergency response services provided.
Expenditures:
Variance due to open positions of patrol officer
Police 54.781.771 54,841.771 53.482,541 1.359.230 resulting in salary savings.
Variance due to salary savings and a reduction o
Public Utilities 14.190,041 14.240.041 13,055,979 1, 184,062 service and supply usage versus originally budge Capital Assets 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 improvements, 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 improvements include the City's share of capital projects for the Fresno-Clovis regional wastewater treatment plant. Additional information on the City's capital assets can be found in note IV.E on pages 62-64. 26 CITY OF CLOVIS'
Capital Assets
(net of depreciation)
Governmental Business-type
activities Total
2024 2023 2024 2023 2024 2023
Land $ 297.087.318 $ 280.729.414 S 1007606353 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 S 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, was $112 million, with governmental activities accounting for $25 million, or 22%, and business-type activities accounting for $87 million, or 78%.
CITY OF CLOVIS'
Outstanding Bonds, Loans, Notes from Direct Borrowings and Contracts Govermental Business-type
activities 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 voter approval and may have a tax rate 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 billion. The City currently has no general obligation debt outstanding. Detailed 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 increase general fund expenditures by $5 million, or 5% compared to the estimated 2023/24 expenditures. The increase is largely due to funding new positions, cost-of-living salary increases, increased costs of employee benefits, and general price increases impacting the cost of services and supplies.
While the City's unemployment rate is currently low at 5%, the U.S. has experienced historically high inflation over the last several years. This continues 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 between total demand and supply in the economy, largely as a result of constraints from the pandemic and an aggressive fiscal and monetary policy 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 assigned fund balance of $22.6 million, or 22% of 2023/24 budgeted expenditures set aside for unforeseen 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 necessary for the Community Sanitation Fund to implement a rate increase of 4% for the green 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 City of Clovis
Statement of Net Position
June 30, 2024
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. 30 City of Clovis
Statement of Activities
For the Year Ended June 30, 2024
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 Contributions 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) (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 1,258,376 1,258,376 Total primary government $ 217,909,540 • 5122,334,462 $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
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
Balance Sheet
Governmental Funds
June 30, 2024
Major Funds 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. 32 City of Clovis
Statement of Revenues, Expenditures, and Changes in Fund Balances Governmental Funds
For the Year Ended June 30, 2024
Major Funds 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
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 23,799,245
Charges for services 7,888,676 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 19,873,121 17,410,711 75,118,487 Fund balances-ending 1378085 33923131 $14,338,093 - $75,717,721 The notes to the financial statements are an integral part of this statement. 33 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
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. 34 City of Clovis
Statement of Revenues, Expenditures, and Changes in Fund Balance-Budget and Actual General Fund
For the Year Ended June 30, 2024
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 561,200 493,009
Clerk
Attorney 1,123,200 1,123,200 1,011,827
Manager 2,544,799 2,316,891 227,908
General services
Finance/Treasurer 4,126,536 4,126,536 3,771,692 354,844 Police 54,781,771 53,482,541 1,359,230
Fire 24,284,940 24,332,122 23,974,382 357,740
Public utilities 14,240,041 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. 35 City of Clovis
Statement of Net Position
Proprietary Funds
June 30, 2024
Business-Type Activities-Enterprise Funds
Major Enterprise Funds Governmental
Planning & Activities
Community Sewer Development Internal
Sanitation Disposal Water 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 959,000
Advances to other funds 6.000,000 6,000,000
Total current assets 20,841,352 44,807,061 71,419,180 16.555,831 12806315 160020000 86.575,807 Noncurrent assets:
Cash with fiscal agent-bond accounts 1,355 750 2.105 435 Total restricted assets 1,355 750 - - 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
Total noncurent assertiation) 19.430,779 10.893,538 161.811 _ 30.486.128 2.053,091 27,679,472 135.127.389 121,200,871 44,838 3,132,349 287,184,919 120,419,158 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 179722 - 10,301.502 2420,780 Total deferred outflows of resources 2,748.268 719,913 1,987,973 3.125,606 10,301,502 Business-Type Activities-Enterprise Funds
Major Enterprise Funds Governmental
Planning & Activities
Community Sewer Development Internal
Sanitation Disposal Water Services Transit Totals Service Funds
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 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
Lease liability-current 0 71,581
Subscription liability-current 107,860 107,860 563,243
Direct borrowings-current 2,155,179
Loans payable-current 253,887
Revenue bonds-current 3,540,000 2,410,000 5,950,000 300,000 Conoral curent lacutes 1,307,483 5,443,389 6,374,084 12.645.337 9.496,175 4,885,449 30,655.742
Noncurrent liabilities:
Claims and judgments payable 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 6.000,000
6,922,270
Loans payable 2,521,680
Lease liability 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
Landfill closure 5,700,540 5,700,540
Net pension liability 9,876,036 7,143,737 6,090,234 38,537,730 Total noncurrent liabilities 15,966,206 75,398,056 15.926,734 13.559,786 6.253,599 127.104,381 10-2201 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 57,071,493 109,700,254 197,511,336 94.316,363 Restricted for debt service
Unrestricted (deficit) 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 $ 1.152,500 S (1.316,949) 302,337,699 S153,297,830 Adjustments to reflect the consolidation of internal service fund activities related to enterprise funds. 16,024,811 Net position of business-type activities $ 318.362,510
The notes to the financial statements are an integral part of this statement.
City of Clovis
Statement of Revenues, Expenses, and Changes in Net Position Proprietary Funds
For the Year Ended June 30, 2024
Business-Type Activities-Enterprise Funds
Major 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. (This page is intentionally left blank)
39 City of Clovis
Statement of Cash Flows
Proprietary Funds
For the Year Ended June 30, 2024
Business-Type Activities-Enterprise Funds
Major Enterprise Funds Governmental
Planning & Activities-
Community Sewer Development Internal
Sanitation Disposal Water Services Transit Totals Service Funds
CASH FLOW FROM OPERATING ACTIVITIES
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
ayments to supplier (17,674,919) (12,635,012) (15,904,139) (4,593,956) (4,234,442) (55,042,468) (37,872,091) ayments to employee (7,617,101) (1,964,446) (4,527,616) (8,254,217) (5,047,222) (27,410,602) (23,771,927) 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
CASH FLOWS FROM NONCAPITAL FINANCING ACTIVITIES
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
CASH FLOWS FROM CAPITAL AND RELATED FINANCING ACTIVITIES 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) (2,368,426) (21,200,693) (16,129,430)
CASH FLOWS FROM INVESTING ACTIVITIES
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 5898,138 3,982382 Vet change in cash and cash equivalents 515,700 (3,328,468) 1,537,276 515,700 1,358,525 Cash and cash equivalents-beginning of year 15,423,224 44,233,183 58,809,839 15,918,587 7.857,375 142.242.208 142,242,208 81,053,867 Cash and cash equivalents-end of year $ 15,938,924 - -S 40,904.715 $ 60,347.115 -S 16.434,287 $ 9,215,900 - $ 85.036,254 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 (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 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 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 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.
City of Clovis
Statement of Fiduciary Net Position
Fiduciary Funds
June 30, 2024
Redevelopment
Successor
Agency Private.
Purpose Trust Custodial
Fund 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. 42 City of Clovis
Statement of Changes in Fiduciary Net Position
For the Year Ended June 30, 2024
Redevelopment
Successor
Agency Private.
Purpose Trust Custodial
Fund 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
Services, materials and supplies 10,000
Administration 10,000
Depreciation 75,563
Interest and other fiscal charges 429,860
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. 43 CITY OF CLOVIS
Notes to Financial Statements
For the Year Ended June 30, 2024
I. Summary of significant accounting policies
A. Reporting 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. ne City is governed by an elected five-member City Council under the administration of an appointed C lanager. The accompanying financial statements present the government and its component units, entities fo 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 component 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 City 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 Community 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 established 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 City presents its fiduciary activity information for assessing its accountability and financial reporting of the City in their role as fiduciaries. The definition of a "fiduciary" is a person or organization that acts on behalf of another person or persons to manage assets. Fiduciary responsibility 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. Government-wide and fund financial statements
The government-wide financial statements (i.e., the statement 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 customers 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 among program revenues are reported instead as general revenues.
44 CITY OF CLOVIS
Notes to Financial Statements
For the Year Ended June 30, 2024
Separate financial statements are provided for governmental funds, proprietary funds, and fiduciary funds, ever though the latter are excluded from the government-wide financial statements. Major individual governmenta funds and major individual enterprise funds are reported as separate columns in the fund financial statements.
C. Measurement focus, basis of accounting, and financial statement presentation The basic financial statements of the City have been prepared in conformity with accounting principles generally accepted of the United States of America (U.S. GAAP) as applied to governmental agencies. The Governmental Accounting Standards Board (GASB) is the accepted standard 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 incurred, regardless of the timing of related cash flows.
Property taxes are recognized as revenue in the year for 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 considered to be available when they are collectible within the current period or soon enough thereafter to pay liabilities 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 specific 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 activities 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 CITY OF CLOVIS
Notes to Financial Statements
For the Year Ended June 30, 2024
The transit 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 City 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. Elimination 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 contributions, 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 sewer 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. Operating expenses for enterprise funds and internal service funds include the cost of sales and services, administrative expenses and depreciation 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 available 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 and investments
The City maintains a cash and investment pool that is available for use by all funds. This pool utilizes investments authorized by the Government 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, collateralized 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 CITY OF CLOVIS
Notes to Financial Statements
For the Year Ended June 30, 2024
Interest income earned as a result of pooling is distributed to the appropriate funds based on month end cash balances in each fund. Interest income from cash 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). Investments 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, establishes a framework for measuring fair value and establishes 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 identical assets and liabilities in active markets at the measurement date.
Level 2 - Inputs, other than quoted prices 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 unpaid services provided to individuals or non-governmental entities are recorded 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. Interfund receivables/payables
During 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. Inventories
Inventories, consisting of fuel and vehicle parts, are valued at cost.
5. Capital assets/intangible assets
Capital assets, which include property, plant, equipment, right to use and infrastructure assets (roadways), are reported in the applicable governmental or business-type activities columns in the government-wide financial 47 CITY OF CLOVIS
Notes to Financial Statements
For the Year Ended June 30, 2024
statements. 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 assets 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 rights 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 Irrigation 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
Roadways 50
Buildings 20-40
Vehicles 5-20
Right to use 5-35
Other Equipment 3-10
Amortization 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. Compensated 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 government-wide financial statements, and proprietary fund types in the fund financial statements, long-term liabilities and other long-term obligations are reported as liabilities in the applicable governmental snessertivisor proprietary fund to pondering these cose end 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 reported 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. Unearned Revenue
For the Government-wide Financial Statements, unearned revenue is recognized in connection with a transaction before the earnings process is completed.
48 CITY OF CLOVIS
Notes to Financial Statements
For the Year Ended June 30, 2024
For the Governmental Fund Financial Statements, unearned revenues arise when potential revenues do not meet both the "measurable" and "available" criteria for recognition in the current 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:
CaPERS
Valuation Date June 30, 2022
Measurement Date June 30, 2023
Measurement 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 balances
In the fund financial statements, governmental funds report components of fund balance based on constraints on the specific purposes for which amounts can be spent. "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 delegated 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 than 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 funds. 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 expenditures unless capital borrowing or extraordinary fiscal conditions require higher levels of unassigned fund balance be maintained. 49 CITY OF CLOVIS
Notes to Financial Statements
For the Year Ended June 30, 2024
The local transportation 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 Transportation Development Act (SB 325) funds allocated by the state, 1/2 cent sales tax for transportation, Special Gas Tax Select Street funds, and federal funding sources under the Federal Intermodel Surface Transportation Efficiency Act. In addition, funds are transferred from the Developer Trust Fund as reimbursements are made for developer-financed projects.
11. Net Position
In the government-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 resources that are not included 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 of estimates
The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect certain reported amounts and disclosures. 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 category. It is the deferred charge on refunding reported in the government-wide statement of net position, and deferred amounts 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 shorter 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. Leases
Lessee: The City has a policy to recognize a lease liability and a right-to-use lease asset (lease asset) in the government-wide financial statements. The City recognizes lease liabilities with an initial, individual value of $10,000 or more.
At the commencement of a lease, the City initially measures the lease liability 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 measured 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 CITY OF CLOVIS
Notes to Financial Statements
For the Year Ended June 30, 2024
Key estimates and judgments related to leases include how 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 lessor as the discount rate. When the interest rate charged 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 price 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 liabilities 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 receivable 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 included in the measurement of the lease receivable is composed of fixed payments from the lessee.
The City monitors changes in circumstances that would 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. Subscription Based Information Technology Arrangements (SBITA) The City 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 outflows 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 CITY OF CLOVIS
Notes to Financial Statements
For the Year Ended June 30, 2024
Costs 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 capitalizable outlays associated with the initial implementation stage and the operation and additional implementation stage that 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 liabilities are reported with long-term liabilities on the statement of net position.
Subscription assets are amortized using the straight-line method over the shorter 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 subscription 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 present value, (2) subscription term, and (3) subscription • The City uses the interest rate charged by the SBITA vendor as the discount rate. When the interest rate charged by the SBITA vendor is not provided, the City generally uses its estimated incremental borrowing rate as the discount rate for SBITA.
• Th uneasien term i the des the pon nail are co or the sired alri andrea does, price that the City is reasonably certain to exercise.
The City monitors 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
16. Implementation of New GASB Pronouncements
The requirements of the following accounting 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, including 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 of this statement is effective for The City's fiscal year ending June 30, 2024. 52 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 objective of this Statement is to better meet the information needs of financial statement users by updating the recognition and measurement guidance for compensated absences. That objective is achieved by aligning the recognition and measurement guidance under a unified model and by amending certain previously required disclosures. 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 constraints 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 atement is to improve key components of the financial reporting model to enhance its effectiveness oviding information that is essential for decision making and assessing a government's accountabili Application of this statement is effective for the City's fiscal year ending June 30, 2026. 53 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-govemmental activities as reported in the government-wide statement of net position. One element of that reconciliation explains that "long-term liabilities, including bonds payable, are not due an‹ ayable in the current period and therefore are not reported in the funds." The 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 govemmental funds to arrive at net position-govermental 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-govemmental 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 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 statement of activities do not require the use of current financial resources and therefore 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 govermental funds to arrive at changes in net position-governmental activities $ 5.078.198 III. Stewardship, compliance, and accountability
A. Budgetary information
Annual budgets 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 year, all departments of the City submit request for appropriations to the City Manager so that a budget may be prepared. On or before the third Monday in May. the proposed budget is presented to the City council for 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 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 any established reserves. Transfers in excess of those amounts require council action. 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. Deficit fund equity
Government-Wide Financial Statements
At June 30, 2024, deficit unrestricted net position was reported for governmental activities in the amount of $(30,000,695). The deficit is the result of reporting net pension liabilities of $141,586,813 in the government-wide financial statements. City management believes the present 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 statements. City management believes the present cash aggregate position of the Transit Fund is adequate to meet current needs. 55 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 established 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 based 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 prices based upon unobservable sources.
The table below presents the fair value measurements of investments recognized 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 Government 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 Investment Policy, where more restrictive) that address interest rate risk, credit risk and concentration of credit risk. This table does not address investments of debt 56 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 agreements 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 types that are authorized for investments held by bond trustee. The table also identifies certain provisions 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 interest 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 and liquidity needed for operations. The City monitors the interest rate risk inherent in its portfolio 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 clude any investments that are highly sensitive to interest rate fluctuations (to a greater degree than alreac dicated 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 investment. 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 CITY OF CLOVIS
Notes to Financial Statements
For the Year Ended June 30, 2024
the California Government Code, the City's investment policy, 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 NIA
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 Government Code. Investments in any one issuer (other than U.S. Treasury 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 recover its deposits or will not be able to recover collateral securities that are in the possession of an outside party. The custodial credit risk for investments is the risk that in the event of the failure of the broker or dealer to a transaction, a government will not be able to recover thi 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 requirements that would limit the exposure to custodial credit risk for deposits or investments, 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 CITY OF CLOVIS
Notes to Financial Statements
For the Year Ended June 30, 2024
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 interest rates. As of year-end, the average life-month end maturity of the investments contained in the LAIF investment pool is approximately 260.
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 funds 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
Secured property taxes become a lien on the property as of January 1 and are levied in two equal installments:
jurisdictions within the County, including the City.
59 CITY OF CLOVIS
Notes to Financial Statements
For the Year Ended June 30, 2024
C. Receivables
Receivables as of June 30, 2024 for the City's individual 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 -$4.994.131 $ 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 City'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:
Lease Receivables
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
60 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 Govermental 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 CITY OF CLOVIS
Notes to Financial Statements
For the Year Ended June 30, 2024
E. Capital assets and intangible assets
Summary of changes 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) $ 733,488,241 62 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 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 activities 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) $ $ 10,594,032 Depreciation expense for the year ended June 30, 2024 was $75,563. 64 CITY OF CLOVIS
Notes to Financial Statements
For the Year Ended June 30, 2024
F. Long-term liabilities
Summary of changes in long-term liabilities for the year ended June 30, 2024 was as follows:
Classification
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 (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 (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 (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 682,237 (105,220) 577.017 71.581 505,436 Subscription liability 115,279 1,547,739 (560,288) 1,102,730 574,154 528,576 Compensated absences 5.597,437 2.659,117 (2,650,364) 5,606,190 964,300 4,641,890 Net pension liability 136,924,836 4,661.977 141,586,813 141,586,813 Total govemmental
activities $ 224.996,672 20.921,238 (11,342,414) $ 234,575,496 $ 58,335,127 $ 176,240,369 Classification
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)
Landill 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 0 (103,784) 117,070 107,860 9,210 Deposits & other liabilities 7,543,875 4,696,861 (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 Internal service funds predominantly serve the governmental funds. Accordingly, long-term liabilities for them are included as part of the above totals for governmental activities. At year end $329,078 of internal service funds compensated absences are included in the above amounts. 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 deposits of $2,119,123 and miscellaneous deposits and other liabilities of $5,014,716. For the governmental activities, accrued compensated absences are generally liquidated by the general fund. In addition, in prior years the employee benefit fund has be used to liquidate pension liabilities.
65 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:
Classification
Balance Balance Due in more
7/1/2023 Reductions. 6/30/2024 han One Ye
2021 landmark square $ 12,925,000 O 3 (285,000) $ 12,640,000 Total revenue bonds $ 12,925,000 $ (285,000) $ 12,640,000 $ 300,000 $ 12,340,000 The annual debt service requirements for the revenue bonds outstanding at June 30, 2024, are as follows:
Revenue Bonds
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
CITY OF CLOVIS
Notes to Financial Statements
For the Year Ended June 30, 2024
2. Loans payable
The City issues loans to provide funds for improvements at various 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
Loans Payable
Year ending June 30, Principal Interest Total
2025 - 5 253,887 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
The following 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 CITY OF CLOVIS
Notes to Financial Statements
For the Year Ended June 30, 2024
3. Notes 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 from 5 to 35 years. The City also recognizes an intangible right to use direct borrowing assets. The City recognizes right to use direct borrowings with an initial, 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
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
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:
Direct Borrowings
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
68 CITY OF CLOVIS
Notes to Financial Statements
For the Year Ended June 30, 2024
The following 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
Business-type 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 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 annual debt service requirements for the revenue bonds outstanding at June 30, 2024, are as follows:
Busiess-Type Activities:
Revenue Bonds
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
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 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 wastewater revenue refunding bonds in the amount of $12,500,000. The net principal amount outstanding on the City's 1998 wastewater bonds. The aggregate debt service payments of the new debt are $2,519,935 less 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 wastewater 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 principal 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 allows the bondholders to accelerate 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 wastewater 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 principal 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 allows the bondholders to accelerate 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 issued 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 costs) 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 varying 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 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 improvements. These improvements include the renovation and expansion of the Fresno Clovis Regional 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 o 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 asset 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 CITY OF CLOVIS
Notes to Financial Statements
For the Year Ended June 30, 2024
Fiduciary funds long-term 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 January 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 a June 30, 2024 is $8,620,000 and is held in the City's Redevelopment Successor Agency Private-purpose Trus Tax allocation bonds at June 30, 2024, consisted of the following:
Additions Reductions 6/30/2024 One Year than One Year
2008 tax allocation bonds 9,535,000 (915,000) 3 8,620,000 $ 960,000 7,660,000 Less (discounts) on bonds (112,214) (104,247) (104,247) Total tax allocation bonds $ 9,422,786 $ 0 $ (907,033) $ 8,515,753 $ 960,000 $ 7,555,753 The annual debt service requirements for the tax allocation bonds outstanding at June 30, 2024, are as follows:
Fiduciary Activities:
Tax Allocation Bonds
Year ending
June 30, Principal Interest
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
72 CITY OF CLOVIS
Notes to Financial Statements
For the Year Ended June 30, 2024
Subscription liability
The City has entered into subscription-based information technology arrangements (SBITA) for various administrative and operational purposes. These subscriptions include services related to cloud-based software applications, data storage, and management services. Under 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 interest 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 liability representing the portior 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:
Classification
Due in more
Governmental Activities Reductions than One Year
Passio Tech 38,217 T S 38,217
Remix Tech
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) 3 117,070$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 - 5 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 Principal and interest payments to maturity are as follows:
SBITAS
Year ending
June 30, Principal Interest
2025 682,0143 30,216 - 5 712,230
2026 533,017 13,367 546,384
2027
Total 1,219,800 $ 43,775 $ 1,263,575
73 CITY OF CLOVIS
Notes to Financial Statements
For the Year Ended June 30, 2024
Lease liability
The City entered a contract to provide workspace for 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 classified 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:
Classification
Balance Balance Due in more
7/1/2023 Reductions 6/30/2024 One Year than One Year
Governmental Activities
ProAg - IT Building $ 682,237 $ (105.220) S 577.017 $ 71,581 505,436 Total leases $ 682,237 $ (105,220) 3 577,017 $ 71,581 $ 505,436 Principal and interest payments to maturity are as follows:
Governmental Activities
Leases Payable
Year ending June 30, Principal Interest Total
2025 71,581 -5 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
74 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-closure maintenance and for landfill corrective action in the Community Sanitation Fund, an enterprise fund. The State of Calitornia pertorms an annual analysis to determine estimated total cost of the landfill closure, post-closure 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 landfill corrective action liability is based on the estimated cost of known or reasonably foreseeable corrective action that may be required at the facility.
The City is currently estimating at June 30, 2024 that the capacity of the landfill 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 estimated cost of known and/or reasonably foreseeable corrective action is $4,988,340 and the City currently has $1,000,000 set aside for this purpose. These estimates are based on a closure and post-closure maintenance plan and corrective 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 (CaPERS), an agent multiple employer public employee defined benefit pension plan. CaPERS 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 description of the pension plan regarding number of employees covered, benefit provisions, assumptions (for funding, 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 CaPERS' website under Forms and Publications.
Benefit Provided
CaPERS 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 retirement 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 final 12 months compensation. Retirement benefits for PEPRA miscellaneous employees are calculated as 2% of the highest average annual compensation over a three-year period. Retirement benefits for classic safety employees are calculated as 3% of the average highest 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 retirement 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 compensation, multiplied by service. 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 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 may 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 ontributions, where interest is currently credited at 7.375 percent per year, plus a lump sum in the amount o ne month's salary for each completed year of current service, up to a maximum of six months' salary. Fo 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
Plans
Miscellaneous Safety
Active employees 539 175
Transferred and terminated employees 780 74
Retired Employees and Beneficiaries 360 199
Total 1,679 448
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 Public Employees' Retirement Law ("PERL") requires that the employer contribution rates for all public employers be determined 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 CaPERS' annual actuarial valuation process. The actuarially determined rate is the estimated amount 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:
76 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 Entry Age Normal
Actuarial Assumptions:
Discount Rate 6.90%
Inflation 2.30%
Salary Increases Varies by Entry Age and Service
Investment Rate of Return 7.00% Net of Pension Plan Investment and Administrative Mortality Rate Table Derived using CaPERS' Membership Data for all Funds Post Retirement Benefit Increase 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.
Assumed Asset
Asset Class' Allocation Real Return
Global Equity Cap-weighted 30.00% 4.54%
Private Equiy Non-Cap-weighted 12.00% 3.84%
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%
' In the Basic Financial Statements, Fixed 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
CITY OF CLOVIS
Notes to Financial Statements
For the Year Ended June 30, 2024
Changes in the Net Pension Liability
The following table shows the changes in net pension liability recognized over the measurement period.
Miscellaneous Plan Increase (Decrease)
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 Safety Plan Increase (Decrease)
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
CITY OF CLOVIS
Notes to Financial Statements
For the Year Ended June 30, 2024
Sensitivity of the Net Pension Liability to Changes in the Discount Rate The following presents the net pension liability of the Plan as of the measurement date, calculated using the discount rate of 6.90 percent, as well as what the net pension liability would 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:
Plan's Net Pension Liability/ (Asset)
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
Pension Plan Fiduciary Net Position
Detailed information about the plan's fiduciary net position is available in the separately issued CaPERS financial report.
Deferred Outflows and Deferred Inflows of Resources Related to Pensions Deferred Outflows of Resources
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 reported $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)
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 ecognized in future pension expense as follows:
Measurement Period Deferred Outflows/(Inflows) of Resources 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
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 agreements 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 enrolled 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 County'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 liability, 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 occurrence for workers' compensation, and $100,000 per occurrence on general liability. The dental and vision programs have no individual per occurrence stop-loss and no aggregate annual stop-loss. Excess insurance for all amounts in excess of the self-insured retention in the workers' compensation program is purchased from Local Agency Workers' Compensation Excess JPA (LAWCX). Consistent with the LAWCX 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. 80 CITY OF CLOVIS
Notes to Financial Statements
For the Year Ended June 30, 2024
The City is a member of the Central San Joaquin Valley 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 costs, including incurred but not reported claims, anc 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 its self-insured retention of $100,000 up to $1,000,000. The Authority purchases excess insurance which covers the pool for losses from $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. Deferred compensation
The City 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 compensation is not available to employees until termination, retirement, death or unforeseeable emergency. All amounts 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 the plan administrator, the ICMA Retirement Corporation.
Plan participants may choose from investment options which 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."
81 CITY OF CLOVIS
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 f service the opportunity to continue enrollment in the City's health insurance program until age 65. The retiree:
have the same choice of insurance plans as those of current employees. The retirees are pooled togethe separately from the active employee pool and pay the full cost of the insurance premiums without cost to the D. Contingent liabilities
The City participates in a number of federally assisted 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. Department of Health and Human Services and the U.S.
Department of Homeland Security. Receipts from these grant programs are subject to audit to determine if the monies were expended in accordance with the appropriate 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 suits relating principally to claims arising from construction contracts, personal injury, and property damage. In the opinion of the City Attorney and City's management, potential claims against the City resulting from such 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 place 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 services such as public safety, repairs to streets, youth programs, parks, programs addressing homelessness, retaining local small businesses/jobs, and other general services. If passed, it is estimated that the sales tax measure would provide 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 (This page is intentionally left blank)
83 REQUIRED SUPPLEMENTARY INFORMATION
Schedule of Changes in Net Pension Liability and Related Ratios California Public Employees' Retirement System (CaPERS) - Miscellaneous Plan Last Ten Fiscal Years
Measurement period
Total pension liability
Service Cost 5,253.785 5,057,577
Interest on the total pension liability
Changes of benefit terms
Changes of assumptions
Difference between expected and actual experience (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) Net change in total pension liability 14,155,653 19,508,909 11,662,759 13,504,179 Total pension liability - beginning 243.026.751 217,859,813 203,333.421 Total pension liability - ending (a) $ 262,535,660 $ 243.026,751 $ 231,363,992 $ 217.859,813 Plan fiduciary net position
¡ontributions - employe
ontributions - employe
Net investment income
Benefit pts, including refunds of employee contributions (10,665,437) Net Plan to plan resource movement
Administrative expense
Other miscellaneous income/(expense)
Net change in fiduciary net position
Plan fiduciary net position - beginning"
Plan fiduciary net position - ending (b)
Plan net pension liability - ending (a) - (b)
Plan fiduciary net position as a percentage
of the total pension liability
Covered payroll
Plan net pension liability as a % of covered payroll
'During Fiscal Year 2017-18, as a result of Governmental Accounting Standards Board Statement (GASB) No. 75, Accounting and Financial Reporting for Postemployment Benefit Plans Other than Pensions (GASB 75), CaPERS reported its proportionate share of activity related to postemployment benefits for participation in the State of California's agent OPEB plan. Accordingly, CaPERS recorded a one-time expense as a result of the adoption of GASB 75 Additionally, CaPERS employees participate in various State of California agent pension plans and during Fiscal Year 2017-18, CaPERS 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 assumption 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 impact that may have resulted from voluntary benefit changes that occurred after the June 30, 2019 valuation. However, offers 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 reduced 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.
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 pts, 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) ] 203.33.421 $ 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 pts, 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)' - (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 - beginning? 134,583,954 120,845.639 119,686,949 116,365,770 98.553.319 Plan fiduciary net position - ending (b) S. 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 payrol? > 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% 'During Fiscal Year 2017-18, as a result of Governmental Accounting Standards Board Statement (GASB) No. 75, Accounting and Financial Reporting for Postemployment Benefit Plans Other than Pensions (GASB 75), CaPERS reported its proportionate share of activity related to postemployment benefits for participation in the State of California's agent OPEB plan. Accordingly, CaPERS recorded a one-time expense as a result of the adoption of GASB 75.
Additionally, CaPERS employees participate in various State of California agent pension plans and during Fiscal Year 2017-18, CaPERS 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 assumption 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 impact that may have resulted from voluntary benefit changes that occurred after the June 30, 2019 valuation. However, offers 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 reduced 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.
85 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 pts, 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) 3290.146.288 $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)' 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 - beginning? 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 payroll' $ 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% ' During Fiscal Year 2017-18, as a result of Governmental Accounting Standards Board Statement (GASB) No. 75, Accounting and Financial Reporting for Postemployment Benefit Plans Other than Pensions (GASB 75), CaPERS reported its proportionate share of activity related to postemployment benefits for participation in the State of California's agent OPEB plan. Accordingly, CaPERS recorded a one-time expense as a result of the adoption of GASB 75.
Additionally, CaPERS employees participate in various State of California agent pension plans and during Fiscal Year 2017-18, CaPERS 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 assumption 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 impact that may have resulted from voluntary benefit changes that occurred after the June 30, 2019 valuation. However, offers 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 reduced 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.
86 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 pts, including refunds of employee contributions (9.686.731) (8,769,084) (8.144,855) (7,825,158) (7.071,659) - 10,354,556 6,314,486
Net change in total pension liability 10,928,941 23,697,410 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) S 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 pts, 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)' - (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 - beginning? 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 liabilty 64.71% 63.79% 65.38% 69.64% 71.75% =
Covered payroll' $ 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% ' During Fiscal Year 2017-18, as a result of Governmental Accounting Standards Board Statement (GASB) No. 75, Accounting and Financial Reporting for Postemployment Benefit Plans Other than Pensions (GASB 75), CaPERS reported its proportionate share of activity related to postemployment benefits for participation in the State of California's agent OPEB plan. Accordingly, CaPERS recorded a one-time expense as a result of the adoption of GASB 75.
Additionally, CaPERS employees participate in various State of California agent pension plans and during Fiscal Year 2017-18, CaPERS 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 assumption 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 impact that may have resulted from voluntary benefit changes that occurred after the June 30, 2019 valuation. However, offers 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 reduced 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.
87 REQUIRED SUPPLEMENTARY INFORMATION
Schedule of Pension Contributions
California Public Employees' Retirement System (CalPERS) - Miscellaneous Plan Last Ten Fiscal Years
2023-24' 2022-23' 2021-22' 2020-21' 2019-20'
Actuarially determined contribution $ 7.027,464 $ 6,599,704 $ 6,561,636 5,805,693 $ 4,995,682 Contributions to actuarially determines
ontribution (7.027.464) (6.599.704) (6.561.636) (5.805.693) (4.995.682) Contribution deficiency (excess) 0 $ $ 0 $ $
Covered payroli $ 34,499,993 $ 33,495,139 $ 32,519,552 $ 31,572,381 $ 30,228.914 Contributions as a percentage of covered payroli" 20.37% 19.70% 20.18% 18.39% 16.53% 2018-19' 2017-18' 2016-17' 2015-16' 2014-15'
Actuarially determined contribution $ 4,051,371 $ 3,326,932 $ 3,204,896 $ 2,918,817 $ 3,275,626 Contributions to actuarially determined
contribution' (4.051,371) (3.326.932) (3.204,896) (2.918,817) (3.275.626) Contribution deficiency (excess) 0 $
Covered payroli $ 28,646,712 $ 26,661,340 $ 25,396,835 $ 24,405,359 $ 22,815,330 Contributions as a percentage of covered payroll 14.14% 12.48% 12.62% 11.96% 14.36% ' As prescribed in GASB 68, paragraph 46, the information presented in the Schedule of Plan Contributions should also be presented as of the employer's most recent fiscal year-end. The employer is responsible for determining this information as prescribed by the standard as this data is not available to CaPERS. 2 Employers are assumed to make contributions equal to the actuarially determined contributions. However, some employers may choose to make additional contributions towards their unfunded liability. Employer contributions for such plans exceed the actuarially determined contributions.
" 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 The probabilities of Retirement are based on the 2017 CaPERS Experience Study for the period from 1997 to 2015.
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.
88 REQUIRED SUPPLEMENTARY INFORMATION
Schedule of Pension Contributions, Continued
California Public Employees' Retirement System (CalPERS) - Safety Plan Last Ten Fiscal Years
2023-24' 2022-23' 2021-22' 2020-21' 2019-201
Actuarially determined contribution? $ 10,457,046 $ 9,807,362 8,991,444 $ 7,861,821 $ 6,966,114 Contributions to actuarially determined
contribution? (10,457,046) (9.807,362) (8.991,444) (7,861,821) (6.966,114) Contribution deficiency (excess) $ $ 0 $
Covered payroll $ 20,828,561 $ 20,221,904 $ 19,632,917 $ 19,061,084 $ 19,148,678 Contributions as a percentage of covered payroll? 50.21% 48.50% 45.80% 41.25% 36.38% 2018-19' 2017-18' 2016-17' 2015-16' 2014-15'
Actuarially determined contribution? $ 5,912,775 $ 5,062.611 $ 4,872,316 $ 4,263,677 $ 4,110,362 Contributions to actuarially determined
contribution? (5,912,775) (5,062,611) (4,872,316) (4.263,677) (4.110,362) Contribution deficiency (excess) $ $ $ $ 0 $ 0
Covered payroll $ 18,354,740 $ 17,992,455 $ 16,912,791 $ 15,361,676 $ 14,732,611 Contributions as a percentage of covered payroll 32.21% 28.14% 28.81% 27.76% 27.90% 'As prescribed in GASB 68, paragraph 46, the information presented in the Schedule of Plan Contributions should also be presented as of the employer's most recent fiscal year-end. The employer is responsible for determining this information as prescribed by the standard as this data is not available to CaPERS. 2 Employers are assumed to make contributions equal to the actuarially determined contributions. However, some employers may choose to make additional contributions towards their unfunded liability. Employer 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 The probabilities of Retirement are based on the 2017 CaPERS Experience Study for the period from 1997 to 2015.
Mortality The probabilities of mortality are based on the 2017 CaPERS 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.
89 (This page is intentionally left blank)
90 Nonmajor Governmental Funds
Special Revenue Funds
Special revenue funds are used to account for specific revenues that are legally restricted for particular purposes.
users le since re re an only de used to count facine revenue received from the of highway Housing & Community Development Fund - This fund is used to account for the revenue and expenses for the Community Development Block Grant operational activities Community 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.
Debt Service Funds
The 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.
Capital Projects Funds
Capital 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.
Park 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.
Refuse 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
Combining Balance Sheet
Nonmajor Governmental Funds
June 30, 2024
Special
Revenue
Off Highway Housing & Comm Community Facilities
Use Development District 2020-1 Total
ASSETS
Cash and investments $ 73,276 $ 790,815 $ 292,450 $ 1,156,541 Receivables 202 4,752,661 8,156 4,761,019
Due from other governments 541,427 541,427
Total assets 73,478 $ 6,084,903 300,606 $ 6,458,987
LIABILITIES
Accounts payable $ 750,016 $ 750,016
Deposits and other liabilities $ 25,059 25,059
Total Liabilities $ 0 750,016 25,059 775,075
FUND BALANCES
Restricted for:
Capital projects 73,478 73,478
Community development 5,334,887 275,547 5,610,434
Debt service
Assigned for:
Capital
Total fund balances 5,683,912
Total liabilities and fund balances 73478- 3534307 20050% $ 6,458,987 92 City of Clovis Page 2 of 2
Combining Balance Sheet
Nonmajor Governmental Funds
June 30, 2024
Debt Capital Total
Service Projects Nonmajor
1976 Fire Park and Refuse Governmental
and Sewer Recreation Equipment Total Funds
$ 448,681 $ 6,314,387 $ 2,459,241 $ 8,773,628 $ 10,378,850 1,293 31,423 6,804 38,227 4,800,539
242,898 242,898 784,325
$ 449,974 $ 6,588.708 S2,466.045 $ 9,054,753 $ 15,963,714 $ 841,346 $ 841,346 $ 1,591,362
9,200 9,200 34,259
0 850.546 0 850,546 1,625,621
73,478
3,617,162 2,466,045 8083207 11,693,641
449,974 449,974
4997A 6588,708 32486045 9354155 → 15593714
$ 6,588,708
93
Combining Statement of Revenues, Expenditures, and Changes in Fund Balances Nonmajor Governmental Funds
For the Year Ended June 30, 2024
Special
Revenue
Off Highway Housing & Comm Community Facilities
Use Development District 2020-1
REVENUES
Use of money and property $ 2,884 $ 148,507 $ (1,843) $ 149,548 From other agencies 2,391,984 120,412 2.512,396
Charges for services 0
Other revenues
Total revenue 2,884 2.540,491 118.569 2,661.944
EXPENDITURES
Current:
Community development 1,056,435 1.056,435
Capital outlays 5,700 5,700
Total expenditures 1,056,435 5,700 1,062,135
Excess (deficiency) of revenues
over (under) expenditures 2,884 1.484,056 112,869 1,599,809
OTHER FINANCING SOURCES (USES)
Transfers In 0
Transfers out
Total other financing sources (uses) 0 0 0 0
Net change in fund balances 2,884 1,484,056 112,869 1,599,809 Fund balances-beginning 70,594 3,850,831 162,678 4,084,103 Fund balances-ending 73,478 5,334,887 275,547 $ 5,683,912 94 City of Clovis Page 2 of 2
Combining Statement of Revenues, Expenditures, and Changes in Fund Balances Nonmajor Governmental Funds
For the Year Ended June 30, 2024
Debt Capital Total
Service Projects Nonmajor
1976 Fire Park and Refuse Governmental
and Sewer Recreation Equipment Total Funds
$ 16,997 § 532,479 $ 99,175 631,654 $ 798,199
693,877 693,877 3,206,273
1,605,410 175,694 1,781,104 1,781,104
16,997 2,831,766 274,869 3.106.635 5,785,576
1,056,435
5.832,059 5,832,059 5,837,759
5,832,059 5,832,059 6,894, 194
16,997 (3.000,293) 274,869 (2.725,424) (1,108.618)
(1,814,000) (150,000) (1.964,000) (1,964,000)
(1,814,000) (150,000) (1,964,000) (1,964,000)
16,997 (4,814,293) 124,869 (4,689,424) (3.072,618)
432,977 10,552,455 ,341,176 2,893,63 17,410,711
449,974 $ 5,738,162 ,204,20 $ 14,338,093
95 City of Clovis
Schedule of Revenues, Expenditures, and Changes in Fund Balance-Budget and Actual Local Transportation Capital Projects Fund
For the Year Ended June 30, 2024
Variance with
Budgeted Amounts Final Budget-
Actual Positive
Original Final Amounts (Negative)
REVENUE
Use of money and property $ 2,721,109 $ 2,721,109
From other agencies 21,468,000 21,468,000 14,119,662 (7,348,338) Charges for services 279,000 279,000 (279,000)
Total revenues 21,747,000 21,747,000 16,840,771 (4,906,229)
EXPENDITURES
Transportation 470,000 470,000 153,460 316,540
Capital Outlay 29,199,071 44.958,071 13,245,793 31.712,278 Total expenditures 29,669,071 45,428,071 13,399,253 32,028,818 Excess (deficiency) of revenues
over expenditures (7,922,071) (23,681,071) 3,441,518 27,122,589
OTHER FINANCING SOURCES (USES)
Transfers In 114,000 114,000
Transfers Out 0
Total other financing sources (uses) 114,000 114,000
Net change in fund balances (7,922,071) (23,681,071) 3,555,518 27,236,589 Fund balance-beginning 19,873,121 19,873,121 19,873,121 Fund balance-ending $ 11,951,050 $ (3,807,950) $ 23,428,639 $ 27,236,589 96 City of Clovis
Schedule of Revenues, Expenditures, and Changes in Fund Balance-Budget and Actual Off Highway Use Special Revenue Fund
For the Year Ended June 30, 2024
Variance with
Budgeted Amounts Final Budget-
Actual Positive
Original Final Amounts (Negative)
REVENUE
Use of money and property $ 2,884 2,884
Total revenues 2,884 2,884
EXPENDITURES
Total expenditures 0
Excess (deficiency) of revenues
over expenditures 2,884 2,884
Fund balance-beginning 70,594 70,594 70,594
Fund balance-ending $ 70,594 70,594 73.478 $ 2,884
97 City of Clovis
Schedule of Revenues, Expenditures, and Changes in Fund Balance-Budget and Actual Housing and Community Development Special Revenue Fund
For the Year Ended June 30, 2024
Variance with
Budgeted Amounts Final Budget-
Actual Positive
Original Final Amounts (Negative)
REVENUE
Use of money and property $ 148,507 $ 148,507
From other agencies 7,328,000 7,328,000 2,391,984 (4,936,016) Other revenues
Total revenues 7.328.000 7,328,000 2,540,491 (4,787,509)
EXPENDITURES
Community development 7.403,920 7.403,920 1,056,435 6,347,485 Total expenditures 7,403,920 7,403,920 1,056,435 6,347,485 Excess (deficiency) of revenues
over expenditures (75,920) (75,920) 1,484,056 1,559,976 Net change in fund balance (75,920) (75,920) 1,484,056 1,559,976 Fund balance-beginning 3,850,831 3,850,831 3,850,831
Fund balance-ending $ 3,774,911 $ 3.774,911 $ 5,334,887 $ 1,559,976 98 City of Clovis
Schedule of Revenues, Expenditures, and Changes in Fund Balance-Budget and Actual Community Facilities District 2020-1 Special Revenue Fund For the Year Ended June 30, 2024
Variance with
Budgeted Amounts Final Budget-
Actual Positive
Original Final Amounts (Negative)
REVENUE
Use of money and property $ 0 $ $ (1,843) $ (1,843)
From other agencies 55,000 55,000 120,412 65,412
Charges for services 55,000 55,000 (55,000)
Total revenues 110,000 110,000 118,569 8,569
EXPENDITURES
Community development 32,700 32,700 5,700 27,000
Total expenditures 32,700 32,700 5,700 27,000
Excess (deficiency) of revenues
over expenditures 77,300 77,300 112,869 35,569
Total other financing sources 0 0
Net change in fund balance 77,300 77,300 112,869 35,569 Fund balance-beginning 162,678 162,678 162,678
Fund balance-ending $ 239,978 239,978 275,547 $ 35,569
99 City of Clovis
Schedule of Revenues, Expenditures, and Changes in Fund Balance-Budget and Actual 1976 Fire and Sewer Debt Service Fund
For the Year Ended June 30, 2024
Variance with
Budgeted Amounts Final Budget-
Actual Positive
Original Final Amounts (Negative)
REVENUE
Use of money and property $ 16,997 16,997
Total revenues 0 16,997 16,997
EXPENDITURES
Total expenditures 0 0
Excess (deficiency) of revenues
over expenditures 16,997 16,997
Fund balance-beginning 432,977 432,977 432,977
Fund balance-ending $ 432,977 432,977 $ 449,974 16,997
100
City of Clovis
Schedule of Revenues, Expenditures, and Changes in Fund Balance-Budget and Actual Park and Recreation Capital Project Fund
For the Year Ended June 30, 2024
Variance with
Budgeted Amounts Final Budget-
Actual Positive
Original Final Amounts (Negative)
REVENUE
Use of money and property 532,479 532,479
From other agencies 415,000 415,000 693,877 278,877
Charges for services 1,972,000 1,972,000 1,605,410 (366,590) Total revenues 2,387,000 2,387,000 2,831,766 444,766
EXPENDITURES
Community development
Capital outlays 6,290,754 7,951,754 5,832,059 2,119,695 Total expenditures 6,290,754 7,951,754 5,832,059 2,119,695 Excess (deficiency) of revenues
over expenditures (3,903,754) (5,564,754) (3,000,293) 2,564,461
OTHER FINANCING SOURCES (USES)
Transfers Out (1,814,000) (1,814,000)
Total other financing sources (uses) 0 (1,814,000) (1,814,000) Net change in fund balances (3,903,754) (5,564,754) (4,814,293) 750,461 Fund balance-beginning 10,552,455 10,552,455 10,552,455 Fund balance-ending $ 6.648,701 $ 4,987,701 $ 5,738,162 750,461 101
City of Clovis
Schedule of Revenues, Expenditures, and Changes in Fund Balance-Budget and Actual Refuse Equipment Capital Project Fund
For the Year Ended June 30, 2024
Variance with
Budgeted Amounts Final Budget-
Actual Positive
Original Final Amounts (Negative)
REVENUE
Use of money and property $ $ $ 99,175 99,175
Charges for services 0 175,694 175,694
Total revenues 274,869 274,869
EXPENDITURES
Total expenditures
Excess (deficiency) of revenues
over expenditures 274,869 274,869
OTHER FINANCING SOURCES (USES)
Transfers Out 0 (150,000) (150,000)
Total other financing sources (uses) (150,000) (150,000) Net change in fund balance 124,869 124,869
Fund balance-beginning 2,341,176 2,341,176 2,341,176
Fund balance-ending $ 2,341,176 $ 2,341,176 $ 2,466.045 124,869 102
Internal Service Funds
Internal service funds are used to account for the financing of goods or services provided by one department of the agency to other departments or agencies of the government and to other government units, on a cost reimbursement basis.
Self-Insurance Fund - This fund is used to account for the cost of general liability and property damage insurance. It is funded by a charge to all operating departments.
Fleet Fund - This fund is used to account for rental charges to all operating departments for maintenance and replacement cost for equipment and vehicles.
Employee Benefit Fund - This fund is used to account for the cost of employee benefits including retirement, workers' compensation, health insurance, unemployment insurance and Medicare insurance. It is funded by a charge to all operating departments.
General Services - This fund is used to account for the centralized support provided to other departments and for government facility enhancements and acquisitions. 103
City of Clovis
Combining Statement of Net Position
Internal Service Funds
June 30, 2024
Self Employee General
Insurance Fleet Benefits Services Total
ASSETS
Current assets:
Cash and investments S 1,935.817 $ 26.724,689 § 19,887,750 $ 36,487,563 $ 85,035,819 Receivables 24,936 75,725 102,346 366,017 569,024
Due from other governments 11,964 11,964
Inventories 959,000 959,000
Total current assets 1.960.753 27.759.414 19.990.096 36.865.544 86.575.807 Noncurrent assets:
Restricted cash and investments:
Cash with fiscal agent-bond accounts 435 435
Total restricted assets 435 435
Capital assets:
Land 8,872,400 8,872,400
Buildings and improvements 940,271 139.027,024 139,967,295 Machinery and equipment 53,868,339 9,548.398 63.416,737 Less accumulated depreciation (34.978.213) (58.912.587) (93.890,800) Total capital assets (net of
accumulated depreciation) 19.830,397 98.535.235 118,365,632 Intangible assets 2,421,724 2,421,724
Less accumulated amortization (368.633) (368,633)
Total intangible assets (net of
accumulated amortization) 2,053,091 2,053,091
Total noncurrent assets 0 19,830,397 0 100,588.761 120,419,158 Total assets 1.960.753 47.589.811 19.990,096 137,454.305 206.994,965
DEFERRED OUTFLOW OF RESOURCES
Pension related deferred outflows 91.603 834,297 191.611 1,309,248 2,426,759 Total deferred outflows of resources 91.603 834,297 191,611 1,309,248 2,426,759
LIABILITIES
Current liabilities:
Accounts payable 67,895 447,884 532,597 1,766.257 2,814,633 Claims and judgements payable 2,548,000 2,548,000
Accrued compensated absences 18,200 4,100 34,300 56,600 Deposits and other liabilities 733,052 733,052
Unearned revenue
Lease liability-current 71,581 71,581
Subscription liability - current 563,243 563.243
Direct borrowings-current 391,192 1,763,987 2,155,179
Loans payable-current 253,887 253,887
Revenue bonds-current 300,000 300.000
Total current liabilities 67,895 857.276 3.084.697 5.486.307 9,495,175 Noncurrent liabilities:
Claims and judgements payable 6,665,000 6,665,000
Accrued compensated absences 87,696 19,877 164,905 272,478 Advances from other funds 6,000,000 6,000,000
Lease liability 505,436 505,436
ubscription liabilit 517,395 517,395
irect borrowing 728,601 6,193,669 6.922,270
Loans payable 2,521,680 2.521,680
Revenue bonds (net of discount/premium) 12,868,706 12,868,706 Net pension liability 390.176 3.407,096 791,649 5,540,320 10,129,241 Total noncurrent liabilities 390.176 4,223,393 7.476.526 34,312,111 46,402,206 Total liabilities 458.071 5,080,669 10.561.223 39.798.418 55,898,381
DEFERRED INFLOW OF RESOURCES
Lease deferred inflows 116,914 116,914
Pension deferred inflows 4,090 36.122 1.768 60.619 108,599 Total deferred inflow of resources 4,090 36,122 7.768 177,533 225.513
NET POSITION
Net investment in capital assets 18.710,604 75,605,759 94.316.363 Restricted for debt service 435 435
Unrestricted (deficit) 1,590,195 24.596.713 9,612.716 23.181,408 58.981.032 Total net position 51.590,195 5 43.307.317 5 9.612,716 $ 98,787.602 $ 153,297,830 104
City of Clovis
Combining Statement of Revenues, Expenses, and Changes in Fund Net Position Internal Service Funds
For the Year Ended June 30, 2024
Self Employee General
Insurance Fleet Benefits Services Total
Operating revenues:
Charges for services $6,765,300 $14,111,885 $ 36,742,910 $ 15,361,200 $ 72,981,295 From other agencies 40,000 92,447 132,447
Other revenues 1,598,679 1.720,845
Total operating revenues 512108 14.151,885 36,742,910 17,052,326 74,834,587 266,481 2,288,439 18,181,669 3.476,161 24,212,750
Services, materials and supplies 6,100,379 5,514,280 17,031,219 7,556,087 36,201,965 Administration 57,000 1,225,400 99,400 620,600 2,002,400 Depreciation and amortization 3.213,815 4,336,714 7,550,529 Total operating expenses 6,423,860 12.241,934 = 35,312,288 15,989,562 69,967,644 Operating income (loss) 463,606 1,909,951 1.430,622 1,062,764 4,866,943 Nonoperating revenues (expenses):
Interest income 20,439 757,247 370,011 1,392,456 2,540,153 Net increase (decrease) in cash fair value (5,270) 158,540 (48,581) 992,137 Interest expense (28,311) (589,346) (617,657)
Gain (loss) on sale of capital assets 53,651
Total nonoperating revenue (expense) 321,430 1.690,558 2,968,284 Income before contributions and transfers 478,775 2,851,078 1,752,052 2,753,322 Capital contributions 121,417
1,000,000- 2,580,000 3,580,000
Changes in net position 478,775 3,972,495 1,752,052 5,333,322 11,536,644 Total net position-beginning 1,111,420 39,334,822 7,860,664 93,454,280 141.761,186 Total net position-ending $1,590,195 $43,307,317 9,612,716 $ 98,787,602 $153,297,830 105
City of Clovis
Combining Statement of Cash Flows
Internal Service Funds
For the Year Ended June 30, 2024
Self Employee General
Insurance Fleet Benefits Services Total
CASH FLOW FROM OPERATING ACTIVITIES
$ 6,805,930 $ 14,112,766 $ 36,739,812 $ 14,732,429 $ 72,390,937 (6.222,337) (7,163,375) (15,913,535) (8,572,844) (37.872,091) (249,981) (2,147,929) (18,148,700) (3.225,317) (23,771,927) 122,168 40,000 2,090,438 2,252,606
Net cash provided by (used in) operating activities 455,780 4,841,462 2.677.577 5.024.706 12.999,525
CASH FLOWS FROM NONCAPITAL FINANCING ACTIVITIES
1,000,000 2,580.000 3,580,000
by noncapital financing activities 0 1,000,000 2,580,000 3.580,000
CASH FLOWS FROM CAPITAL AND RELATED FINANCING ACTIVITIES (2,834,870) (11,814,267) (14,649,137)
(581,892) (739,146) (1.321,038)
(28,311) (589,346) (617,657)
1,131,600 1,131,600
Proceeds from sale of property and equipment 76,802 76,802 Principal paid on advances from other funds (750,000) (750,000) Net cash provided by (used in) capital and
related financing activities 0 (3.368.271) 0 (12,761,159) (16.129.430)
CASH FLOWS FROM INVESTING ACTIVITIES
Interest and dividends on investments 20,439 757,247 370,011 1,392,458 2,540,155 Increase/(decrease) in fair value of investments (5,270) 158,540 (48.581) 887,448 992.137 Net cash provided by (used in) investing activities 15,169 915,787 321,430 2,279.906 3,532,292 Net change in cash and cash equivalents 470,949 3,388,978 2,999,007 (2,876,547) 3,982,387 Cash and cash equivalents-beginning of year 1.464,868 23.335.711 16,888,743 39.364,545 81.053,867 Cash and cash equivalents-end of year $ 1.935,817 $ 26.724,689 $ 19,887,750 $ 36.487.998 $ 85.036,254 Reconciliation of operating income (loss) to net cash provided by (used in) operating activities:
Operating income (loss) $ 463,606 $ 1,909,951 1.430,622 $ 1,062,764 $ 4,866,943 Adjustments to reconcile operating income
to net cash provided by (used in) operating activities:
Depreciation/amortization expense 3.213,815 4,336,714 7,550,529 (Increase)/decrease in accounts receivable 40,630 881 (3,098) (54,463) (16,050) (Increase)/decrease in due from other governments 457,769 457,769 (Increase)/decrease in inventories (10,000) (10,000)
(Increase)/decrease in deferred outflows - pension 12,278 100,724 20,291 187,075 320,368 (Increase)/decrease in prepaid items 187,379 187,379
Increase/(decrease) in accounts payable (64,956) (413,692) 427.084 (583,537) (635,101) Increase/(decrease) in
accrued compensated absences 2,027 3,556 5,236 10,819
Increase/(decrease) in unearned revenue (574,308) (574,308) Increase/(decrease) in claims
and judgments payable 790,000 790,000
Increase/(decrease) in net pension liability 7.245 64,775 15,650 100.424 188,094 Increase/(decrease) in deferred inflows - lease (58,457) (58,457) Increase/(decrease) in deferred inflows - pension (3.023) (27,019) (6,528) (41,890) (78,460) Total adjustments (7.826) 2.931,511 1,246,955 3,961,942 8,132,582 Net cash provided by (used in) operating activities $ 455,780 $ 4,841,462 2,677,577 $ 5,024,706 -$ 12,999,525 Noncash investing, capital, and financing activities:
During the year the Fleet Maintenance Fund, an internal service fund, received $121,417 in donated assets. 106
Fiduciary Funds
Custodial Funds are used to account for assets held by the government for individuals, private organizations, other governments and/or other funds.
Blackhorse Assessment Fund - This fund is used to account for revenue and expenditures related to the maintenance within the Blackhorse III (95-1) Assessment District such as streets, curb & gutter, street lighting, sidewalks and gates.
Temperance/Barstow Assessment Fund - This fund is used to account for the receipts and disbursements of the Temperance Barstow Assessment District.
Shepherd/Temperance Assessment Fund - This fund is used to account for the receipts and disbursements of the Shepherd Temperance Assessment District. 107
City of Clovis
Combining Statement of Fiduciary Net Position
Custodial Funds
June 30, 2024
Custodial Funds
Temperance Shepherd
Blackhorse Barstow Temperance
Assessment_ Assessment Assessment Total
ASSETS
Cash and investments $ 66,162 $ 78,894 $ 5,878 $ 150,934 Receivables 2,112 215 10 2,337
Total assets 68,274 79,109 5,888 153,271
LIABILITIES
Accounts payable
Deposits and other liabilities 474 474
Total liabilities 0 474 474
NET POSITION
Restricted for:
Individuals, organizations, and other governments 790109 152797.
Total net position 5,414
108
City of Clovis
Combining Statement of Changes in Fiduciary Net Position Custodial Funds
For the Year Ended June 30, 2024
Custodial Funds
Temperance Shepherd
Blackhorse Barstow Temperance
Assessment Assessment Assessment Total
ADDITIONS
Special assessments tax 75,463 75,463
Investment earnings 2,161 3,109 $ 116
Total additions 77,624 3,109 116
DEDUCTIONS
Community development 113,700 113,700
Total deductions 113,700 113,700
Change in net position (36,076) 3,109 116 (32,851)
Net position-Beginning 104,350 76,000 5,298 185,648
Net position-Ending 68,274 $ 79,109 3 5,414 $ 152,797
109
(This page is intentionally left blank)
110
Statistical Section
S
This part of the City of Clovis' Annual Comprehensive Financial Report presents detailed information as a context for understanding what the information in the financial statements, note disclosures, and required supplementary information says about the government's overall financial health. 111
Statistical Section
Contents Page
Financial Trends 113
These schedules contain trend information to help the reader understand how the government's financial performance and well-being have changed over time.
Revenue Capacity 121
These schedules contain information to help the reader assess the governments' most significant local revenue source, the property tax.
Debt Capacity 125
These schedules present information to help the reader assess the affordability of the government's current levels of outstanding debt and the government's ability to issue additional debt in the future.
Demographic and Economic Information 131
These schedules offer demographic and economic indicators to help the reader understand the environment within which the government's financial activities take place.
Operating Information 134
These schedules contain service and infrastructure data to help the reader understand how the information in the government's financial report relates to the services the government provides and the activities it performs. 112
CITY OF CLOVIS
NET POSITION BY COMPONENT
LAST TEN FISCAL YEARS
(accrual basis of accounting)
(in thousands)
Fiscal Year Ended June 30,
2015* 2016 2017 2018 2019 2020 2021 2022 2023 2024
Governmental activities:
Net investment in capital assets $ 509,567 $ 523,881 $ 524,625 $ 533,810 $ 562,740 $ 587,764 $ 595,863 $ 631,982 $ 668,223 $ 707,386 48,790 50,687 45,148
Unrestricted (67,159) (67,081) (54,927) (63,435) (66,182) (51,797) (32,398) (22,188) (32,488) (30,000) Total net position $ 466,405 $ 482,643 $ 490,379 $ 498,201 $ 529,883 $ 574,489 $ 605,925 $ 658,584 $ 686,422 $ 722,534 Business-type activities:
Net investment in capital assets $ 137,520 $ 142,658 $ 147,265 $ 153,013 $ 162,938 $ 168,489 § 171,482 $ 176,055 $ 186,868 $ 197,511 Restricted 3,377 906 953 25 1 2 2
Unrestricted 72,977 82,271 103,531 108,299 120,937 106,444 108,569 117,529 122,138 120,849 Total net position $ 213,874 $ 225,835 $ 251,749 $ 261,337 $ 283,876 $ 274,933 $ 280,051 $ 293,584 $ 309,008 $ 318,362 Total Primary government:
Net investment in capital assets $ 647,087 $ 666,540 $ 671,890 $ 686,823 $ 725,678 $ 756.253 $ 767,345 $ 808,037 $ 855,091 $ 904,897 Restricted 27,374 26,748 21,634 27,851 33,326 38,522 42,460 48,790 50,689 45,150 Unrestricted 5,818 15,190 48,604 44,864 54,755 54,647 76,171 95,341 89,650 90,849 Total net position $ 680,279 $ 708,478 $ 742,128 $ 759,538 $ 813,759 $ 849,422 $ 885,976 $ 952,168 $ 995,430 $ 1,040,896 ==
*It should be noted that, due to the implementation of GASB 68 in fiscal year 2015, unrestricted net position in the Governmental Activities area was severely impacted. which is why the amount decreased by approximately S88 million in one fiscal year (and remains negative through the current fiscal year).
CITY OF CLOVIS
CHANGES IN NET POSITION
LAST TEN FISCAL YEARS
(accrual basis of accounting)
(in thousands)
For the Fiscal Year Ended June 30,
2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Expenses:
Governmental activities:
General government $ 5,587 $ 5,577 $ 6,218 $ 6,481 $ 7,730 $ 7,436 $ 7,426 5,464 $ 9,536 $ 8,869 Public safety 39,460 42,027 46,258 54,529 55,860 59,876 62,766 55,415 68,280 79,683 Transportation 12,686 12,232 13,307 14,057 14,883 18,884 16,632 17,097 18,170 19,858 Community development 909 637 1,742 1,984 751 286 2,995 840 1,176 1,055 Cultural and recreation 6,272 6,196 6,703 7,212 8,118 7,115 7,174 7,825 9,261 10,293 Interest and other charges 924 886 805 755 694 726 488 462 618 Total governmental activities expenses 64,914 67,593 75,114 85,068 88,097 94,291 97,719 87,129 106,885 120,376 Business-type activities:
Refuse 15,654 16,207 16,574 18,502 20,205 21,744 22,079 23,424 24,730 26,696 Sewer 18,011 18,553 18,235 18,862 18,738 19,465 19,541 20,366 21,031 22,317 Water 14,486 14,487 15,604 16,807 17,463 18,551 24,963 21,431 22,083 24,681 Transit 4,884 5,016 5,098 6,280 6,961 7,008 6,792 7,063 8,357 10,092 Planning & Development Services 7,557 7,781 8,555 9,410 10,443 11,662 11,338 10,076 13,740 13,748 Total business-type activities expenses 60,592 62,044 64,066 69,861 73,810 78,430 84,713 82,360 89,941 97,534 Total primary government expenses 125,506 129,637 139,180 154,929 161,907 172,72T 182,432 169,489 196,826 217,910 Program revenues:
Governmental activities:
Charges for services:
General government 4,995 4,875 4,640 4,497 5,137 5,069 8,934 10,165 10,203 11,037 Public safety 2,209 2,521 2,079 3,414 3,268 2,524 4,216 4,950 4,763 1,572 Transportation 6,788 6,061 7,411 7,901 15,897 17,192 15,446 16,976 21,051 17,936 Community development 1,231 301 865 307 456 935 322 383 447 21 Cultural and recreation 4,909 5,540 5,653 6,010 4,638 2,447 2,768 4,064 5,897 3,734 Operating grants and contributions 639 737 630 381 393 763 12,466 8,998 537 5,007 Capital grants and contributions 20,516 16,638 11,537 18,216 32,241 23,439 21,005 26,456 17,368 34,128 Total governmental activities
program revenues 41,287 36,673 32,815 40,726 62,030 52,369 65,157 71,992 60,266 73,435 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Business-type activities:
Charges for services:
Community sanitation 17,608 17,692 18,083 19,235 20,022 21,116 23,166 25,034 26,559 27,056 Sewer 21,974 21,167 18,942 21,214 21,281 24,673 21,007 23,678 25,343 19,452 Water 19,050 16,599 34,174 20,923 26,115 22,032 23,542 27,751 28,214 25,437 Transit 1,541 1,608 1,597 1,692 1,729 1,920 2,675 2,921 3,007 4,000 Planning & Development Services 8,159 8,807 9,619 9,828 10,522 12,029 11,737 11,403 12,238 12,089 Operating grants and contributions 4,247 4,056 4,464 4,590 5,463 4,542 4,496 5,328 7,988 1,935 2,854 7,302 2,102 5,440
Capital grants and contributions 4,059 2,721 2,652 2,598 2,770 Total business-type activities
program revenues 76,638 72,650 88,814 80,336 92,434 88,414 89,275 98,713 102,616 98,792 Total primary government
program revenues 117,925 109,323 121,629 121,062 154,464 140,783 154,432 170,705 162,882 172,227 Net revenues (expenses):
Governmental activities (23,627) (30,920) (42,299) (44,342) (26,067) (41,922) (32,562) (15,137) (46,619) (46,941) Business-type activities 16,047 10,606 24,748 10,475 18,624 9,984 4,562 16,353 12,675 1,258 Total net revenues (expenses) (7,580) (20,314) (17,551) (33,867) (7,443) (31,938) (28,000) 1,216 (33,944) (45,683) General revenues and other changes in net position
Governmental activities:
Taxes:
Property taxes 19,842 20,649 22,392 24,833 26,668 28,520 30,378 33,241 36,213 39,289 Sales tax 18,039 19,120 19,676 20,432 21,597 22,394 27,526 31,106 30,238 29,516 Business license & Franchise Taxes 4,984 5,271 5,300 6,891 5,789 6,009 2,600 2,768 2,948 2,951 Transient occupancy taxes 2,329 2,552 2,705 2,871 2,896 2,743 3,538 3,780 4,310 5,401 Grants and contributions not restricted 172 183 178 186 504 Unrestricted investment earnings 163 234 272 566 1,476 3,037 456 (2,638) 1:490 8,115 Transfers (461) (850) (488) (507) (1,180) (250) (500) (460) (2,220) Total governmental activities 45,068 47,159 50,035 55,272 57,750 62,453 63,998 67,797 74,457 83,052 Business-type activities:
Unrestricted investment earnings 274 506 679 1,442 2,734 4,899 56 (3,280) 2,299 5,876 Transfers 461 850 488 507 1,180 250 500 460 450 2,220
Total business-type activities 735 1,356 1,167 1,949 3,914 5,149 556 (2,820) 2,749 8,096 Total primary government 45,803 48,515 51,202 57,221 61,664 67,602 64,554 64,977 77,206 91,148 Changes in net position
Governmental activities 21,441 16,239 7,736 10,930 31,683 20,531 31,436 52,660 29128 36,111 usiness-type activities 16,782 11,962 25,915 12,424 22,538 15,133 5,118 13,533 9,354 Total primary government $ 38,223 $ 28,201 $ 33,651 $ 23,354 $ 54,221 $ 35,664 - $ 36,554 - § 66.193 $ 43,262 - $ 45.465
CITY OF CLOVIS
GENERAL GOVERNMENT REVENUES BY SOURCE
LAST TEN FISCAL YEARS
Fiscal Year Licenses Use of From Charges
Ended and Fines and Money and Other for Other
June 30, Taxes Permits Forfeitures Property Agencies Service Revenue Total 2015 $ 45,191,980 $ 583,060 $ 207,358 $ 144,328 12,484,156 $ 5,794,337 $ 5,469,201 $ 69,874,420 2016 47,591,661 584,412 253,841 170,213 10,990,248 6,544,320 5,730,691 71,865,386 2017 50,072,582 330,336 140,193 173,524 11.473,015 8,060,073 5,634,697 75,884,420 2018 55,019,558 412,460 227,831 585,707 13,962,855 7,442,164 5,358,986 83,009,561 2019 56,949,844 778,319 195,146 1,134,952 15,787,432 9,620,602 5,831,451 90,297,746 2020 59,666,331 526,291 188,334 1,914,715 26,007,449 7,788,344 6,185,944 102,277,408 2021 67,802,558 804,977 150,920 271,010 31,247,370 8,054,434 6,153,290 114,484,559 2022 74,945,949 1,374,447 189,018 (1,578,778) 29,337,210 9,803,524 6,723,637 120,795,007 2023 77,886,573 1,332,924 260,164 664,075 28,278,996 11,761,752 6,959,681 127,144,165 2024 81,880,268 1,307,374 190,317 4,659,155 23.799,245 9,669,780 7,488,595 128,994,734 Note: Includes all governmental fund types (General, Special Revenue, Debt Service and Capital Projects Funds) $90,000,000
$80,000,000
$70,000,000
$60,000,000
$50,000,000
$40,000,000
$30,000,000
$20,000,000
$10,000,000
-$10,000,000
2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Fiscal Year Ended June 30,
•Taxes •Licenses •Fines and aUse of •From •Charges Other and Forfeitures Money and Other for Revenue
Permits Property Agencies Service
116
CITY OF CLOVIS
GENERAL GOVERNMENT EXPENDITURES BY FUNCTION
LAST TEN FISCAL YEARS
Fiscal Year
Ended General Public Community Culture and Capital
June 30, Government Safety Transportation Development Recreation Outlays Total 2015 $ 5,622,192 $ 40,767,185 3,595,841 917,702 $ 5,409,366 $ 9,800,799 $ 66,113,085 2016 5,620,922 43,136,838 3,828,619 577,483 5,541,908 6,523,827 65,229,597 2017 6,287,114 46,476,211 4,032,061 1,757,867 5,914,052 8,516,678 72,983,983 2018 6,163,620 49,688,800 4,169,509 1,913,909 6,108,769 6,907,009 74,951,616 2019 6,818,113 52,034,209 4,506,493 686,251 6,993,547 9,818,090 80,856,703 2020 6,930,929 54,300,092 4,438,270 330,247 7,040,642 23,836,451 96,876,631 2021 7,576,845 58,574,671 4,481,127 2,999,876 7,179,605 10,712,079 91,524,203 2022 7,464,459 63,297,211 5,194,042 846,379 8,471,633 12,760,383 98,034,107 2023 8,120,203 72,210,311 5,362,350 1,177,004 9,617,862 27,957,286 124,445,016 2024 8,851,777 77,456,919 5,861,579 1,056,512 10,285,161 19,083,552 122,595,500 Notes: Includes all governmental fund types (General, Special Revenue, Debt Service and Capital Projects Funds). $80,000,000
$70,000,000
$60,000,000
$50,000,000
$40,000,000
$30,000,000
$20,000,000
$10,000,000
2015 2016 2017 2018 2019 2024
Fiscal Year Ended June 30,
•General Government •Public Safety •Transportation Community Development Culture and Recreation •Capital Outlays 117