Clovis City Council
December 15, 2025

Special
Revenue
Off Highway Housing & Comm Community Facilities
Use Development District 2020-1 Total
ASSETS
Cash and investments 77,328 $ 2,198,235 $ 431,149 $ 2,706,712 $ Receivables 153 4,779,818 15,463 4,795,434 Due from other governments 101,078 101,078 Total assets 77,481 $ 7,079,131$ 446,612$ 7,603,224$

LIABILITIES
Accounts payable 846,668$ 846,668$
Deposits and other liabilities 25,059$ 25,059 Total Liabilities 0$ 846,668 25,059 871,727

FUND BALANCE
S
Restricted for:

Capital projects 77,481 77,481
Community development 6,232,463 421,553 6,654,016 Debt service 0
Assigned for:

Capital 0
Total fund balances 77,481 6,232,463 421,553 6,731,497
Total liabilities and fund balances 77,481 $ 7,079,131$ 446,612$ 7,603,224$ City of Clovis
Combining Balance Sheet
Nonmajor Governmental Funds
June 30, 2025
90 450
AGENDA ITEM NO. 18.

Debt Capital Total
Service Projects Nonmajor
1976 Fire Park and Refuse Governmental
and Sewer Recreation Equipment Total Funds
472,489$ 8,523,075$ 2,871,222$ 11,394,297$ 14,573,498 $ 1,049 17,197 5,829 23,026 4,819,509 77,824 77,824 178,902
473,538$ 8,618,096$ 2,877,051$ 11,495,147$ 19,571,909 $ 406,396$ 406,396$ 1,253,064$
9,200 9,200 34,259
0$ 415,596 0$ 415,596 1,287,323 0 77,481
5,232,500 2,877,051 8,109,551 14,763,567
473,538 0 473,538
2,970,000 2,970,000 2,970,000
473,538 8,202,500 2,877,051 11,079,551 18,284,586
473,538$ 8,618,096$ 2,877,051$ 11,495,147$ 19,571,909 $ City of Clovis
Combining Balance Sheet
Nonmajor Governmental Funds
June 30, 2025
91 451
AGENDA ITEM NO. 18.

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

REVENUES
Use of money and property 4,003 $ 47,781 $ 4,306 $ 56,090 $ From other agencies 530,405 147,400 677,805
Charges for services 0
Other revenues 0
Total revenue 4,003 578,186 151,706 733,895

EXPENDITURES
Current:

Community development 843,610 843,610
Capital outlays 5,700 5,700
Total expenditures 0 843,610 5,700 849,310
Excess (deficiency) of revenues
over (under) expenditures 4,003 (265,424) 146,006 (115,415)

OTHER FINANCING SOURCES (USES
)
Transfers In 1,163,000 1,163,000
Transfers out 0
Total other financing sources (uses) 0 1,163,000 0 1,163,000 Net change in fund balances 4,003 897,576 146,006 1,047,585 Fund balances-beginning 73,478 5,334,887 275,547 5,683,912 Fund balances-ending 77,481$ 6,232,463$ 421,553$ 6,731,497$ City of Clovis
Combining Statement of Revenues, Expenditures, and Changes in Fund Balances Nonmajor Governmental Funds
For the Year Ended June 30, 2025
92 452
AGENDA ITEM NO. 18.

Debt Capital Total
Service Projects Nonmajor
1976 Fire Park and Refuse Governmental
and Sewer Recreation Equipment Total Funds
23,564$ 440,251 $ 144,187 $ 584,438 $ 664,092 $ 426,700 426,700 1,104,505
2,195,164 416,819 2,611,983 2,611,983
00 23,564 3,062,115 561,006 3,623,121 4,380,580
0 843,610
626,777 626,777 632,477
0 626,777 0 626,777 1,476,087
23,564 2,435,338 561,006 2,996,344 2,904,493
29,000 29,000 1,192,000
(150,000) (150,000) (150,000)
0 29,000 (150,000) (121,000) 1,042,000
23,564 2,464,338 411,006 2,875,344 3,946,493
449,974 5,738,162 2,466,045 8,204,207 14,338,093 473,538$ 8,202,500 $ 2,877,051 $ 11,079,551 $ 18,284,586 $ City of Clovis
Combining Statement of Revenues, Expenditures, and Changes in Fund Balances Nonmajor Governmental Funds
For the Year Ended June 30, 2025
93 453
AGENDA ITEM NO. 18.

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

REVENUE
Use of money and property 0$ 0 $ 4,041,731$ 4,041,731 $ From other agencies 27,671,700 27,671,700 19,560,409 (8,111,291) Charges for services 0 0 785,400 785,400
Total revenues 27,671,700 27,671,700 24,387,540 (3,284,160)

EXPENDITURES
Transportation 0 0 0 0
Capital Outlay 37,357,858 51,421,858 21,410,420 30,011,438 Total expenditures 37,357,858 51,421,858 21,410,420 30,011,438 Excess (deficiency) of revenues
over expenditures (9,686,158) (23,750,158) 2,977,120 26,727,278

OTHER FINANCING SOURCES (USES)
Transfers In 0 0 0 0
Transfers Out 0 0 (29,000) (29,000)
Total other financing sources (uses) 0 0 (29,000) (29,000) Net change in fund balances (9,686,158) (23,750,158) 2,948,120 26,698,278 Fund balance-beginning 23,428,639 23,428,639 23,428,639 Fund balance-ending 13,742,481$ (321,519)$ 26,376,759$ 26,698,278$ 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, 2025
94 454
AGENDA ITEM NO. 18.

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

REVENUE
Use of money and property 0 $ 0 $ 4,003$ 4,003 $ Total revenues 0 0 4,003 4,003

EXPENDITURES
Total expenditures 0 0 0 0
Excess (deficiency) of revenues
over expenditures 0 0 4,003 4,003
Fund balance-beginning 73,478 73,478 73,478
Fund balance-ending 73,478 $ 73,478 $ 77,481 $ 4,003 $ 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, 2025
95 455
AGENDA ITEM NO. 18.

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

REVENUE
Use of money and property 0 $ 0 $ 47,781$ 47,781 $ From other agencies 3,680,600 3,710,600 530,405 (3,180,195) Other revenues 0 0 0 0
Total revenues 3,680,600 3,710,600 578,186 (3,132,414)

EXPENDITURES
Community development 4,405,500 4,435,500 843,610 3,591,890 Total expenditures 4,405,500 4,435,500 843,610 3,591,890 Excess (deficiency) of revenues
over expenditures (724,900) (724,900) (265,424) 459,476

OTHER FINANCING SOURCES (USES)
Transfers In 1,000,000 1,000,000 1,163,000 (163,000)
Total other financing sources 1,000,000 1,000,000 1,163,000 (163,000) Net change in fund balance 275,100 275,100 897,576 296,476 Fund balance-beginning 5,334,887 5,334,887 5,334,887
Fund balance-ending 5,609,987 $ 5,609,987 $ 6,232,463 $ 296,476 $ 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, 2025
96 456
AGENDA ITEM NO. 18.

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

REVENUE
Use of money and property 0 $
0$
4,306$ 4,306$
From other agencies 75,000 75,000 147,400 72,400
Charges for services 75,000 75,000 0 (75,000)
Total revenues 150,000 150,000 151,706 1,706

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 117,300 117,300 146,006 28,706
Total other financing sources 0 0 0 0
Net change in fund balance 117,300 117,300 146,006 28,706 Fund balance-beginning 275,547 275,547 275,547
Fund balance-ending 392,847$ 392,847$ 421,553$ 28,706$ 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, 2025
97 457
AGENDA ITEM NO. 18.

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

REVENUE
Use of money and property 0 $
0$
23,564$ 23,564$
Total revenues 0 0 23,564 23,564

EXPENDITURES
Total expenditures 0 0 0 0
Excess (deficiency) of revenues
over expenditures 0 0 23,564 23,564
Fund balance-beginning 449,974 449,974 449,974
Fund balance-ending 449,974$ 449,974$ 473,538$ 23,564$ 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, 2025
98 458
AGENDA ITEM NO. 18.

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

REVENUE
Use of money and property 0 $ 0 $ 440,251$ 440,251 $ From other agencies 430,000 617,000 426,700 (190,300)
Charges for services 2,135,000 2,135,000 2,195,164 60,164 Total revenues 2,565,000 2,752,000 3,062,115 310,115

EXPENDITURES
Community development 0 0 0 0
Capital outlays 2,361,368 4,083,368 626,777 3,456,591
Total expenditures 2,361,368 4,083,368 626,777 3,456,591 Excess (deficiency) of revenues
over expenditures 203,632 (1,331,368) 2,435,338 3,766,706

OTHER FINANCING SOURCES (USES)
Transfers In 0 0 29,000 (29,000)
Transfers Out 0 0 0 0
Total other financing sources (uses) 0 0 29,000 (29,000) Net change in fund balances 203,632 (1,331,368) 2,464,338 3,737,706 Fund balance-beginning 5,738,162 5,738,162 5,738,162
Fund balance-ending 5,941,794 $ 4,406,794 $ 8,202,500 $ 3,737,706 $ 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, 2025
99 459
AGENDA ITEM NO. 18.

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

REVENUE
Use of money and property 0 $ 0 $ 144,187$ 144,187 $ Charges for services 0 0 416,819 416,819
Total revenues 0 0 561,006 561,006

EXPENDITURES
Total expenditures 0 0 0 0
Excess (deficiency) of revenues
over expenditures 0 0 561,006 561,006

OTHER FINANCING SOURCES (USES)
Transfers Out 0 0 (150,000) (150,000)
Total other financing sources (uses) 0 0 (150,000) (150,000) Net change in fund balance 0 0 411,006 411,006
Fund balance-beginning 2,466,045 2,466,045 2,466,045
Fund balance-ending 2,466,045 $ 2,466,045 $ 2,877,051 $ 411,006 $ 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, 2025
100
460
AGENDA ITEM NO. 18.

Internal Service Funds
______
____________________________
Int
ernal 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.

Sel
f-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.

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

Emp
loyee 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.

Gener
al Services - This fund is used to account for the centralized support provided to other departments and for government facility enhancements and acquisitions. 101
461
AGENDA ITEM NO. 18.

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

Cash and investments 2,979,291$ 31,639,317$ 23,517,673$ 37,726,769$ 95,863,050$ Receivables 44,042 61,978 95,443 249,549 451,012 Due from other governments 0
Inventories 1,082,000 1,082,000
Total current assets 3,023,333 32,783,295 23,613,116 37,976,318 97,396,062 Noncurrent assets:

Restricted cash and investments:

Cash with fiscal agent-bond accounts 379 379
Total restricted assets 0 0 0 379 379
Capital assets:

Land 8,734,466 8,734,466
Buildings and improvements 940,271 141,294,211 142,234,482 Machinery and equipment 55,891,559 9,269,256 65,160,815 Less accumulated depreciation (37,122,394) (62,394,727) (99,517,121) Total capital assets (net of
accumulated depreciation) 0 19,709,436 0 96,903,206 116,612,642 Intangible assets 2,512,581 2,512,581
Less accumulated amortization (951,054) (951,054) Total intangible assets (net of
accumulated amortization) 0 0 0 1,561,527 1,561,527
Total noncurrent assets 0 19,709,436 0 98,465,112 118,174,548 Total assets 3,023,333 52,492,731 23,613,116 136,441,430 215,570,610

DEFERRED OUTFLOW OF RESOURCES
Pension related deferred outflows 69,747 649,156 151,416 987,357 1,857,676 Total deferred outflows of resources 69,747 649,156 151,416 987,357 1,857,676

LIABILITIES
Current liabilities:

Accounts payable 25,629 670,063 2,006,144 666,337 3,368,173 Claims and judgements payable 2,548,000 2,548,000 Accrued compensated absences 41,100 5,700 76,100 122,900 Deposits and other liabilities 833,054 833,054 Unearned revenue 0
Lease liability-current 187,049 187,049
Subscription liability - current 517,395 517,395 Direct borrowings-currrent 180,089 1,723,501 1,903,590 Loans payable-current 327,979 327,979
Revenue bonds-current 310,000 310,000
Total current liabilities 25,629 891,252 4,559,844 4,641,415 10,118,140 Noncurrent liabilities:

Claims and judgements payable 8,013,000 8,013,000 Accrued compensated absences 256,641 35,647 475,231 767,519 Advances from other funds 5,250,000 5,250,000
Lease liability 471,285 471,285
Subscription liability 0
Direct borrowings 548,512 4,470,170 5,018,682 Loans payable 2,193,703 2,193,703
Revenue bonds (net of discount/premium) 12,538,628 12,538,628 Net pension liability 383,006 3,343,006 776,164 5,440,963 9,943,139 Total noncurrent liabilities 383,006
4,148,159 8,824,811 30,839,980 44,195,956
Total liabilities 408,635 5,039,411 13,384,655 35,481,395 54,314,096

DEFERRED INFLOW OF RESOURCES
Lease related deferred inflows 58,457 58,457 Pension related deferred inflows 1,212 10,397 1,552 20,737 33,898 Total deferred inflow of resources 1,212 10,397 1,552 79,194 92,355

NET POSITION
Net investment in capital assets 18,980,835 76,383,357 95,364,192 Restricted for debt service 379 379
Unrestricted 2,683,233 29,111,244 10,378,325 25,484,462 67,657,264 Total net position 2,683,233$ 48,092,079$ 10,378,325$ 101,868,198$ 163,021,835$ City of Clovis
Combining Statement of Net Position
Internal Service Funds
June 30, 2025
102
462
AGENDA ITEM NO. 18.

Self Employee General
Insurance Fleet Benefits Services Total
Operating revenues:

Charges for services 8,421,000 $ 15,836,394 $ 40,392,894 $ 16,665,800$ 81,316,088$ From other agencies 80,000 73,339 153,339 Other revenues 5 118,795 2,961,957 3,080,757 Total operating revenues 8,421,005 16,035,189 40,392,894 19,701,096 84,550,184 Operating expenses:

Salaries and benefits 283,991 2,486,962 21,764,227 4,026,474 28,561,654 Services, materials and supplies 7,028,495 5,976,309 18,689,398 8,284,616 39,978,818 Administration 61,500 1,393,800 105,900 720,200 2,281,400 Depreciation and amortization 3,443,588 4,754,783 8,198,371 Total operating expenses 7,373,986 13,300,659 40,559,525 17,786,073 79,020,243 Operating income (loss) 1,047,019 2,734,530 (166,631) 1,915,023 5,529,941 Nonoperating revenues (expenses):

Interest income 33,267 1,000,164 711,599 1,336,482 3,081,512 Net increase (decrease) in cash fair value 12,752 469,771 232,120 719,299 1,433,942 Interest expense (18,924) (527,794) (546,718) Gain (loss) on sale of capital assets (15,134) (10,742) (25,876) Total nonoperating revenue (expense) 46,019 1,435,877 943,719 1,517,245 3,942,860 Income before contributions and transfers 1,093,038 4,170,407 777,088 3,432,268 9,472,801 Capital contributions 776,971 776,971
Transfers in 125,000 125,000
Transfer out (163,000) (163,000)
Changes in net position 1,093,038 4,947,378 777,088 3,394,268 10,211,772 Total net position-beginning 1,590,195 43,307,317 9,612,716 98,787,602 153,297,830 Prior period adjustments (Note V.F.) (162,616) (11,479) (313,672) (487,767) Total net position-ending 2,683,233$ 48,092,079 $ 10,378,325 $ 101,868,198$ 163,021,835$ City of Clovis
Combining Statement of Revenues, Expenses, and Changes in Fund Net Position Internal Service Funds
For the Year Ended June 30, 2025
103
463
AGENDA ITEM NO. 18.

Self Employee General
Insurance Fleet Benefits Services Total

CASH FLOW FROM OPERATING ACTIVITIES
Receipts for interfund services 8,401,895$ 15,850,141$ 40,399,797$ 16,782,268$ 81,434,101$ Payments to suppliers (7,132,262) (7,270,931) (15,973,751) (10,004,735) (40,381,679) Payments to employees (272,182) (2,362,406) (21,739,842) (3,805,371) (28,179,801) Other operating revenues 4 198,795 2,968,727 3,167,526 Net cash provided by (used in) operating activities 997,455 6,415,599 2,686,204 5,940,889 16,040,147

CASH FLOWS FROM NONCAPITAL FINANCING ACTIVITIES
Transfers-in from other funds 125,000 125,000 Net cash provided
by noncapital financing activities 125,000 125,000

CASH FLOWS FROM CAPITAL AND RELATED FINANCING ACTIVITIES Acquisition and construction of capital assets (2,618,305) (2,585,756) (5,204,061) Principal paid on bonds, loans, and direct borrowings (391,192) (3,025,778) (3,416,970) Interest paid on bonds, loans, and direct borrowings (18,924) (527,794) (546,718) Proceeds from sale of property and equipment 57,515 6,808 64,323 Principal paid on advances from other funds (750,000) (750,000) Net cash provided by (used in) capital and
related financing activities (2,970,906) (6,882,520) (9,853,426)

CASH FLOWS FROM INVESTING ACTIVITIES
Interest and dividends on investments 33,267 1,000,164 711,599 1,336,482 3,081,512 Increase/(decrease) in fair value of investments 12,752 469,771 232,120 719,299 1,433,942 Net cash provided by (used in) investing activities 46,019 1,469,935 943,719 2,055,781 4,515,454 Net change in cash and cash equivalents 1,043,474 4,914,628 3,629,923 1,239,150 10,827,175 Cash and cash equivalents-beginning of year 1,935,817 26,724,689 19,887,750 36,487,998 85,036,254 Cash and cash equivalents-end of year 2,979,291$ 31,639,317$ 23,517,673$ 37,727,148$ 95,863,429$ Reconciliation of operating income (loss) to net cash provided by (used in) operating activities:

Operating income (loss) 1,047,019$ 2,734,530$ (166,631)$ 1,915,023$ 5,529,941$ Adjustments to reconcile operating income
to net cash provided by (used in) operating activities:

Depreciation/amortization expense 3,443,588 4,754,783 8,198,371 Amortization bond preimium (20,078) (20,078) (Increase)/decrease in receivables (19,105) 13,747 6,903 116,468 118,013 (Increase)/decrease in due from other governments 11,964 11,964 (Increase)/decrease in inventories (123,000) (123,000) (Increase)/decrease in pension related deferred outflows 21,856 185,141 40,195 321,891 569,083 Increase/(decrease) in accounts payable (42,269) 222,179 1,473,547 (1,099,917) 553,540 Increase/(decrease) in claims
and judgments payable 1,348,000 1,348,000
Increase/(decrease) in
accrued compensated absences 29,229 5,891 38,454 73,574 Increase/(decrease) in deposits and other liabilities 100,000 100,000 Increase/(decrease) in net pension liability (7,168) (64,090) (15,485) (99,360) (186,103) Increase/(decrease) in lease related deferred inflows (58,457) (58,457) Increase/(decrease) in pension related deferred inflows (2,878) (25,725) (6,216) (39,882) (74,701) Total adjustments (49,564) 3,681,069 2,852,835 4,025,866 10,510,206 Net cash provided by (used in) operating activities 997,455$ 6,415,599$ 2,686,204$ 5,940,889$ 16,040,147$ Noncash investing, capital, and financing activities:

During the year the Fleet Maintenance Fund, an internal service fund, received $776,971 in capital assets from a governmental fund.

During the year the General Services Fund, an internal service fund, transferred out $163,000 in capital assets to a governmental fund.

During the year the General Services Fund obtained a right-of-use asset in exchange for a lease obligation of $225,984.

City of Clovis
Combining Statement of Cash Flows
Internal Service Funds
For the Year Ended June 30, 2025
104
464
AGENDA ITEM NO. 18.

General and Measure Y Funds
__________________________________
The Meas
ure Y Fund is currently held within the General Fund, meaning its revenues and expenditures are reported as part of the broader governmental operations. Measure Y is a local 1% transactions and use tax (sales tax) measure approved by voters on November 5, 2024 with an effective date of April 1, 2025. To enhance transparency of Measure Y’s financial activity, the following pages present the General and Measure Y Funds separately. This presentation should provide transparency to Measure Y’s fiscal impact, ensure accountability, and support informed decision-making, although it remains as additional sales tax revenues within the General Fund’s governmental taxes.

General Fund – The primary operating fund of the government, which supports core services like public safety, administration and general government operations. The majority of the funding is derived from property taxes, sales taxes, and fees.

General Fund – Measure Y – Voter approved local 1% sales tax measure with specified goals and priorities primarily focused on public safety, safe and clean communities, park maintenance, street repairs, youth activities, and homelessness response.
105
465
AGENDA ITEM NO. 18.

General Measure Y Total
ASSETS
Cash and investments 29,446,287 $ 1,643,039 31,089,326 $ Cash with agents-restricted 0
Receivables 4,332,437 4,332,437
Due from other governments 6,753,467 5,539,167 12,292,634 Total assets 40,532,191 $ 7,182,206 $ 47,714,397 $

LIABILITIES AND FUND BALANCE
S
Liabilities:

Accounts payable 1,311,129 $ 3,276 1,314,405$
Accrued payroll 3,913,327 3,913,327
Due to other governments 27,866 27,866
Deposits and other liabilities 638,229 638,229 Unearned revenue 613,637 613,637
Total liabilities 6,504,188 3,276 6,507,464
Fund balances:

Restricted for:

Capital projects 0
Community development 32,752 32,752
Debt service 0
Landscape maintenance 10,387,228 10,387,228
Parking and business improvement 245,778 245,778 Law enforcement 93,581 93,581
Assigned for:

Services, materials and supplies 1,304,700 1,304,700 Capital 0
Emergencies 20,970,000 20,970,000
Unassigned, reported in:

General fund 993,964 7,178,930 8,172,894 Total fund balances 34,028,003 7,178,930 41,206,933
Total liabilities and fund balances 40,532,191$ 7,182,206$ 47,714,397$ City of Clovis
Combining Balance Sheet
General & Measure Y Funds
June 30, 2025
106
466
AGENDA ITEM NO. 18.

Intrafund
General Measure Y Eliminations Total

REVENUES
Property taxes 41,744,457 $ 41,744,457 $
Sales taxes 29,166,842 7,173,659 $ 36,340,501
Business license & Franchise taxes 7,902,136 7,902,136 Transient occupancy taxes 5,385,574 5,385,574
Licenses and permits 1,370,624 1,370,624
Fines and forfeitures 225,318 225,318
Use of money and property 1,229,321 5,271 1,234,592 From other agencies 9,281,271 9,281,271
Charges for services 8,458,340 8,458,340
Other revenues 7,374,744 7,374,744
Total revenue 112,138,627 7,178,930 0 119,317,557

EXPENDITURES
Current:

General government 11,373,386 11,373,386
Public safety 85,717,682 85,717,682
Transportation 6,241,804 6,241,804
Community development 34 34
Cultural and recreation 11,253,707 11,253,707
Capital outlays 0
Total expenditures 114,586,613 0 0 114,586,613
Excess (deficiency) of revenues
over (under) expenditures (2,447,986) 7,178,930 0 4,730,944

OTHER FINANCING SOURCES (USES)
Transfers in 0
Transfers out (1,475,000) (1,475,000)
Total other financing sources (uses) (1,475,000) 0 0 (1,475,000) Net change in fund balances (3,922,986) 7,178,930 0 3,255,944 Fund balances-beginning 37,950,989 37,950,989
Fund balances-ending 34,028,003 $ 7,178,930 $ $0 41,206,933 $ City of Clovis
Combining Statement of Revenues, Expenditures, and Changes in Fund Balances General & Measure Y Funds
For the Year Ended June 30, 2025
107
467
AGENDA ITEM NO. 18.

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

REVENUE
Property taxes 0$ 0$ 0 0
Sales t
axes 0 0 7,173,659$ 7,173,659$
Business license & Franchise taxes 0 0 0 0
Transient occupancy taxes 0 0 0 0
Licenses and permits 0 0 0 0
Fines and forfeitures 0 0 0 0
Use of money and property 0 0 5,271 5,271
From other agencies 0 0 0 0
Charges for services 0 0 0 0
Other revenues 0 0 0 0
Total revenues 0 0 7,178,930 7,178,930

EXPENDITURES
Council 0 0 0 0
Clerk 0 0 0 0
Attorney 0 0 0 0
Manager 0 0 0 0
General services 0 0 0 0
Finance/Treasurer 0 0 0 0
Police 0 0 0 0
Fire 00 00
Public utilities 0 0 0 0
Total expenditures 0 0 0 0
Excess (deficiency) of revenues
over expenditures 0 0 7,178,930 7,178,930

OTHER FINANCING SOURCES (USES)
Transfers In 0 0 0 0
Transfers Out 0 0 0 0
Total other financing sources (uses) 0 0 0 0
Net change in fund balance 0 0 7,178,930 7,178,930
Fund balance-beginning 0 0 0
Fund balance-ending 0$ 0$
7,178,930$ 7,178,930$
City of Clovis
Statement of Revenues, Expenditures, and Changes in Fund Balance-Budget and Actual Measure Y
For the Year Ended June 30, 2025
108
468
AGENDA ITEM NO. 18.

Fiduciary Funds
______
____________________________
Cus
todial Funds are used to account for assets held by the government for individuals, private organizations, other governments and/or other funds.

Bl
ackhorse 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.

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

She
pherd/Temperance Assessment Fund - This fund is used to account for the receipts and disbursements of the Shepherd Temperance Assessment District. 109
469
AGENDA ITEM NO. 18.

Temperance Shepherd
Blackhorse Barstow Temperance
Assessment Assessment Assessment Total
ASSETS
Cash and investments 70,087 $ 83,247 $ 5,595 $ 158,929 $ Receivables 1,422 166 8 1,596
Total assets 71,509 83,413 5,603 160,525

LIABILITIES
Accounts payable 24,664 24,664
Deposits and other liabilities
Total liabilities 24,664 0 0 24,664

NET POSITION
Restricted for:

Individuals, organizations, and other governments 46,845 83,413 5,603 135,861 Total net position 46,845$ 83,413$ 5,603$ 135,861$ Custodial Funds
City of Clovis
Combining Statement of Fiduciary Net Position
Custodial Funds
June 30, 2025
110
470
AGENDA ITEM NO. 18.

Temperance Shepherd
Blackhorse Barstow Temperance
Assessment Assessment Assessment Total

ADDITIONS
Special assessments tax 95,891 $ 95,891 $
Investment earnings 2,591 4,304 $ 189 $ 7,084 Total additions 98,482 4,304 189 102,975

DEDUCTIONS
Community development 119,911 119,911
Total deductions 119,911 0 0 119,911
Change in net position (21,429) 4,304 189 (16,936) Net position-Beginning 68,274 79,109 5,414 152,797 Net position-Ending 46,845 $ 83,413 $ 5,603 $ 135,861 $ Custodial Funds
City of Clovis
Combining Statement of Changes in Fiduciary Net Position Custodial Funds
For the Year Ended June 30, 2025
111
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AGENDA ITEM NO. 18.
(Th
is page is intentionally left blank)
112
472
AGENDA ITEM NO. 18.

Statistical Section
__________________________________
Thi
s 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.

S
T
A
T
I
S
T
I
C
A
L
S
E
C
T
I
O
N
113
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AGENDA ITEM NO. 18.

Statistical Section
__________________________________
Con
tents Page
Financial Trends 115
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 123
These schedules contain information to help the reader assess the governments' most significant local revenue source, the property tax.

Debt Capacity 127
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 133
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 136
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. 114
474
AGENDA ITEM NO. 18.
2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Governmental activities:

Net investment in capital assets 523,881$ 524,625 $ 533,810$ 562,740 $ 587,764 $ 595,863 $ 631,982 $ 668,223 $ 707,386$ 747,004$ Restricted 25,843 20,681 27,826 33,325 38,522 42,460 48,790 50,687 45,148 52,451 Unrestricted (67,081) (54,927) (63,435) (66,182) (51,797) (32,398) (22,188) (32,488) (30,000) (33,541) Total net position 482,643$ 490,379 $ 498,201$ 529,883 $ 574,489 $ 605,925 $ 658,584 $ 686,422 $ 722,534$ 765,914$ Business-type activities:

Net investment in capital assets 142,658$ 147,265 $ 153,013$ 162,938 $ 168,489 $ 171,482 $ 176,055 $ 186,868 $ 197,511$ 205,555$ Restricted 906 953 25 1 2 2 8
Unrestricted 82,271 103,531 108,299 120,937 106,444 108,569 117,529 122,138 120,849 134,164 Total net position 225,835$ 251,749 $ 261,337$ 283,876 $ 274,933 $ 280,051 $ 293,584 $ 309,008 $ 318,362$ 339,727$ Total Primary government:

Net investment in capital assets 666,540$ 671,890 $ 686,823$ 725,678 $ 756,253 $ 767,345 $ 808,037 $ 855,091 $ 904,897$ 952,559$ Restricted 26,748 21,634 27,851 33,326 38,522 42,460 48,790 50,689 45,150 52,459 Unrestricted 15,190 48,604
44,864 54,755 54,647 76,171 95,341 89,650 90,849 100,623 Total net position 708,478$ 742,128 $ 759,538$ 813,759 $ 849,422 $ 885,976 $ 952,168 $ 995,430 $ 1,040,896$ 1,105,641$ As of June 30,

CITY OF CLOVIS

NET POSITION BY COMPONENT

LAST TEN FISCAL YEARS
(accrual basis of accounting)
(in thousands)
115
475
AGENDA ITEM NO. 18.
2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Expenses:

Governmental activities:

General government 5,577 $ 6,218 $ 6,481 $ 7,730 $ 7,436 $ 7,426 $ 5,464 $ 9,536 $ 8,869 $ 14,472 $ Public safety 42,027 46,258 54,529 55,860 59,876 62,766 55,415 68,280 79,683 86,854 Transportation 12,232 13,307 14,057 14,883 18,884 16,632 17,097 18,170 19,858 21,437 Community development 637 1,742 1,984 751 286 2,995 840 1,176 1,055 837 Cultural and recreation 6,196 6,703 7,212 8,118 7,115 7,174 7,825 9,261 10,293 11,154 Interest and other charges 924 886 805 755 694 726 488 462 618 547 Total governmental activities expenses 67,593 75,114 85,068 88,097 94,291 97,719 87,129 106,885 120,376 135,301 Business-type activities:

Community sanitation 16,207 16,574 18,502 20,205 21,744 22,079 23,424 24,730 26,696 28,993 Sewer 18,553 18,235 18,862 18,738 19,465 19,541 20,366 21,031 22,317 23,088 Water 14,487 15,604 16,807
17,463 18,551 24,963 21,431 22,083 24,681 28,149
Transit 5,016 5,098 6,280 6,961 7,008 6,792 7,063 8,357 10,092 11,192 Planning & Development Services 7,781 8,555 9,410 10,443 11,662 11,338 10,076 13,740 13,748 14,050 Total business-type activities expenses 62,044 64,066 69,861 73,810 78,430 84,713 82,360 89,941 97,534 105,472 Total primary government expenses 129,637 139,180 154,929 161,907 172,721 182,432 169,489 196,826 217,910 240,773 Program revenues:

Governmental activities:

Charges for services:

General government 4,875 4,640 4,497 5,137 5,069 8,934 10,165 10,203 11,037 11,444 Public safety 2,521 2,079 3,414 3,268 2,524 4,216 4,950 4,763 1,572 1,937 Transportation 6,061 7,411 7,901 15,897 17,192 15,446 16,976 21,051 17,936 17,322 Community development 301 865 307 456 935 322 383 447 21 8 Cultural and recreation 5,540 5,653 6,010 4,638 2,447 2,768 4,064 5,897 3,734 3,899 Operating grants and contributions 737 630 381 393 763 12,466 8,998 537 5,007 10,658 Capital grants and contributions 16,638 11,537 18,216 32,241 23,439 21,005 26,456 17,368 34,128 42,188 Total governmental activities
program revenues 36,673 32,815 40,726
62,030 52,369 65,157 71,992 60,266 73,435 87,456

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

CITY OF CLOVIS

CHANGES IN NET POSITION
116
476
AGENDA ITEM NO. 18.
2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Business-type activities:

Charges for services:

Community sanitation 17,692 18,083 19,235 20,022 21,116 23,166 25,034 26,559 27,056 29,453 Sewer 21,167 18,942 21,214 21,281 24,673 21,007 23,678 25,343 19,452 23,743 Water 16,599 34,174 20,923 26,115 22,032 23,542 27,751 28,214 25,437 34,194 Transit 1,608 1,597 1,692 1,729 1,920 2,675 2,921 3,007 4,000 2,791 Planning & Development Services 8,807 9,619 9,828 10,522 12,029 11,737 11,403 12,238 12,089 13,568 Operating grants and contributions 4,056 4,464 4,590 5,463 4,542 4,496 5,328 5,849 7,988 8,771 Capital grants and contributions 2,721 1,935 2,854 7,302 2,102 2,652 2,598 1,406 2,770 6,983 Total business-type activities
program revenues 72,650 88,814 80,336 92,434 88,414 89,275 98,713 102,616 98,792 119,503 Total primary government
program revenues 109,323 121,629 121,062 154,464 140,783 154,432 170,705 162,882 172,227 206,959 Net revenues (expenses):

Governmental activities (30,920) (42,299) (44,342) (26,067) (41,922) (32,562) (15,137) (46,619) (46,941) (47,845) Business-type activities 10,606 24,748 10,475 18,624 9,984 4,562 16,353 12,675 1,258 14,031 Total net revenues (expenses) (20,314) (17,551) (33,867) (7,443) (31,938) (28,000) 1,216 (33,944) (45,683) (33,814) General revenues and other changes in net position
Governmental activities:

Taxes:

Property taxes 20,649 22,392 24,833 26,668 28,520 30,378 33,241 36,213 39,289 41,744 Sales tax 19,120 19,676 20,432 21,597 22,394 27,526 31,106 30,238 29,516 36,341 Business license & Franchise Taxes 5,271 5,300 6,891 5,789 6,009 2,600 2,768 2,948 2,951 3,192 Transient occupancy taxes 2,552 2,705 2,871 2,896 2,743 3,538 3,780 4,310 5,401 5,386 Grants and contributions not restricted
183 178 186 504
Unrestricted investment earnings 234 272 566 1,476 3,037 456 (2,638) 1,198 8,115 10,332 Transfers (850) (488) (507) (1,180) (250) (500) (460) (450) (2,220) (500) Total governmental activities 47,159 50,035 55,272 57,750 62,453 63,998 67,797 74,457 83,052 96,495 Business-type activities:

Unrestricted investment earnings 506 679 1,442 2,734 4,899 56 (3,280) 2,299 5,876 8,872 Transfers 850 488 507 1,180 250 500 460 450 2,220 500 Total business-type activities 1,356 1,167 1,949 3,914 5,149 556 (2,820) 2,749 8,096 9,372 Total primary government 48,515 51,202 57,221 61,664 67,602 64,554 64,977 77,206 91,148 105,867 Changes in net position
Governmental activities 16,239 7,736 10,930 31,683 20,531 31,436 52,660 27,838 36,111 48,650 Business-type activities 11,962 25,915 12,424 22,538 15,133 5,118 13,533 15,424 9,354 23,403 Total primary government 28,201 $ 33,651 $ 23,354 $ 54,221 $ 35,664 $ 36,554 $ 66,193 $ 43,262 $ 45,465 $ 72,053 $ 117
477
AGENDA ITEM NO. 18.

Fiscal Year
Ended
June 30, Taxes
Licenses
and
Permits
Fines and
Forfeitures
Use of
Money and
Property
From
Other
Agencies
Charges
for
Service
Other
Revenue Total
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 2025 91,372,668 1,370,624 225,318 5,940,415 29,946,185 11,855,723 7,374,744 148,085,677 Note: Includes all governmental fund types (General, Special Revenue, Debt Service and Capital Projects Funds).

CITY OF CLOVIS

GENERAL GOVERNMENT REVENUES BY SOURCE

LAST TEN FISCAL YEARS
-$10,000,000
$0
$10,000,000
$20,000,000
$30,000,000
$40,000,000
$50,000,000
$60,000,000
$70,000,000
$80,000,000
$90,000,000
$100,000,000
2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Fiscal Year Ended June 30,
Taxes Licenses
and
Permits
Fines and
Forfeitures
Use of
Money and
Property
From
Other
Agencies
Charges
for
Service
Other
Revenue
118
478
AGENDA ITEM NO. 18.

Fiscal Year
Ended General Public Community Culture and Capital
June 30, Government Safety Transportation Development Recreation Outlays Total 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 2025 11,373,386 85,717,682 6,241,804 843,644 11,253,707 22,042,897 137,473,120 Notes: Includes all governmental fund types (General, Special Revenue, Debt Service and Capital Projects Funds).

CITY OF CLOVIS

GENERAL GOVERNMENT EXPENDITURES BY FUNCTION

LAST TEN FISCAL YEARS
$0
$10,000,000
$20,000,000
$30,000,000
$40,000,000
$50,000,000
$60,000,000
$70,000,000
$80,000,000
$90,000,000
2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Fiscal Year Ended June 30,
General Government Public Safety Transportation Community Development Culture and Recreation Capital Outlays 119
479
AGENDA ITEM NO. 18.
2016 2017 2018 2019 2020
Revenues:

Property taxes 20,649,898$ 22,391,753$ 24,832,576$ 26,667,913$ 28,520,413$ Sales taxes 19,119,633 19,675,483 20,425,341 21,597,179 22,393,757 Business license & Franchise taxes 5,271,321 5,300,062 6,891,105 5,788,765 6,008,671 Transient occupancy taxes 2,550,809 2,705,284 2,870,536 2,895,987 2,743,490 Licenses and permits 584,412 330,336 412,460 778,319 526,291 Fines and forfeitures 253,841 140,193 227,831 195,146 188,334 Use of money and property 170,213 173,524 585,707 1,134,952 1,914,715 From other agencies 10,990,248 11,473,015 13,962,855 15,787,432 26,007,449 Charges for current services 6,544,320 8,060,073 7,442,164 9,620,602 7,788,344 Other revenues 5,730,691 5,634,697 5,358,986 5,831,451 6,185,944 Total revenues 71,865,386 75,884,420 83,009,561 90,297,746 102,277,408 Expenditures
Current:

General government 5,620,922 6,287,114 6,163,620 6,818,113 6,930,929 Public safety 43,136,838 46,476,211 49,688,800 52,034,209 54,300,092 Transportation 3,828,619 4,032,061 4,169,509 4,506,493 4,438,270 Community development 577,483 1,757,867 1,913,909 686,251 330,247 Cultural and recreation 5,541,908 5,914,052 6,108,769 6,993,547 7,040,642 Debt service:

Principal
Interest
and fiscal charges
Bond issue costs
Capital outlays 6,523,827 8,516,678 6,907,009 9,818,090 23,836,451 Total expenditures 65,229,597 72,983,983 74,951,616 80,856,703 96,876,631 Excess (deficiency) of revenues
over (under) expenditures 6,635,789 2,900,437 8,057,945 9,441,043 5,400,777 Other financing sources (uses):

Transfers in 156,000 454,000
Transfers out (4,050,000) (3,188,000) (506,700) (1,975,000) (3,110,000) Total other financing sources (uses) (4,050,000) (3,188,000) (506,700) (1,819,000) (2,656,000) Net change in Fund balances 2,585,789$ (287,563)$ 7,551,245$ 7,622,043$ 2,744,777$ Debt service as a percentage of noncapital expenditures 0.0% 0.0% 0.0% 0.0% 0.0% For the Fiscal Year Ended June 30,

CITY OF CLOVIS

CHANGES IN FUND BALANCES OF GOVERNMENTAL FUNDS

LAST TEN FISCAL YEARS
(modified accrual basis of accounting)

120
480
AGENDA ITEM NO. 18.
2021 2022 2023 2024 2025
Property taxes 30,377,419$ 33,240,530$ 36,213,178$ 39,288,942$ 41,744,457$ Sales taxes 27,526,307 31,105,966 30,238,078 29,516,137 36,340,501 Business license & Franchise taxes 6,360,691 6,819,233 7,125,400 7,684,608 7,902,136 Transient occupancy taxes 3,538,141 3,780,220 4,309,917 5,390,581 5,385,574 Licenses and permits 804,977 1,374,447 1,332,924 1,307,374 1,370,624 Fines and forfeitures 150,920 189,018 260,164 190,317 225,318 Use of money and property 271,010 (1,578,778) 664,075 4,659,155 5,940,415 From other agencies 31,247,370 29,337,210 28,278,996 23,799,245 29,946,185 Charges for current services 8,054,434 9,803,524 11,761,752 9,669,780 11,855,723 Other revenues 6,153,290 6,723,637 6,959,681 7,488,595 7,374,744 Total revenues 114,484,559 120,795,007 127,144,165 128,994,734 148,085,677 Current:

General government 7,576,845 7,464,459 8,120,203 8,851,777 11,373,386 Public safety 58,574,671 63,297,211 72,210,311 77,456,919 85,717,682 Transportation 4,481,127 5,194,042 5,362,350 5,861,579 6,241,804 Community development 2,999,876 846,379 1,177,004 1,056,512 843,644 Cultural and recreation 7,179,605 8,471,633 9,617,862 10,285,161 11,253,707 Debt service:

Principal
Interest and fiscal charges
Bond issue costs
Capital outlays 10,712,079 12,760,383 27,957, 286 19,083,552 22,042,897
Total expenditures 91,524,203 98,034,107 124,445,016 122,595,500 137,473,120 Excess (deficiency) of revenues
over (under) expenditures 22,960,356 22,760,900 2,699,149 6,399,234 10,612,557 Transfers in 128,000 114,000 1,192,000 Transfers out (18,445,300) (9,015,300) (3,501,000) (5,914,000) (1,654,000) Total other financing sources (uses) (18,445,300) (9,015,300) (3,373,000) (5,800,000) (462,000) Net change in Fund balances 4,515,056$ 13,745,600$ (673,851)$ 599,234$ 10,150,557$

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

CITY OF CLOVIS

CHANGES IN FUND BALANCES OF GOVERNMENTAL FUNDS

LAST TEN FISCAL YEARS
(modified accrual basis of accounting)

121
481
AGENDA ITEM NO. 18.

Fiscal Year
Ended
June 30, Nonspendable Restricted Assigned Unassigned Total 2016 2,738,023$ 11,779,000$ 2,925,095$ 17,442,118$ 2017 3,189,504 12,152,000 708,019 16,049,523 2018 4,309,112 12,424,000 3,618,238 20,351,350 2019 4,960,824 13,512,000 4,433,151 22,905,975 2020 5,811,491 13,748,000 4,114,250 23,673,741 2021 6,680,015 17,011,500 1,280,958 24,972,473 2022 7,434,722 20,844,500 8,414,521 36,693,743 2023 8,211,235 22,215,100 7,408,320 37,834,655 2024 9,502,005 24,262,700 4,186,284 37,950,989 2025 10,759,339 22,274,700 8,172,894 41,206,933 Fiscal Year
Ended
June 30, Nonspendable Restricted Assigned Unassigned Total 2016 16,002,504$ 4,423,900$ 20,426,404$
2017 7,528,473$ 18,886,282 258,000 26,672,755 2018 26,555,512 258,000 26,813,512
2019 27,613,930 4,267,000 31,880,930
2020 32,145,941 1,712,000 33,857,941
2021 35,202,765 1,871,500 37,074,265
2022 29,800,295 9,298,300 39,098,595
2023 30,571,832 6,712,000 37,283,832
2024 35,645,732 2,121,000 37,766,732
2025 41,691,345 2,970,000 44,661,345
All Other Governmental Funds
General Fund

CITY OF CLOVIS

FUND BALANCES OF GOVERNMENTAL FUNDS

LAST TEN FISCAL YEARS
(modified accrual basis of accounting)
122
482
AGENDA ITEM NO. 18.

Fiscal
Year Real Property Personal Property Exemptions Net Total Ended Assessed Estimated Assessed Estimated Assessed
Estimated Direct
June 30, Value Actual Value Value Actual Value Homeowners Value Actual Value Tax Rate 2016 8,696,361,855$ 8,696,361,855$ 213,125,102$ 213,125,102$ 100,450,200$ 8,809,036,757$ 8,909,486,957$ 0% 2017 9,179,714,485 9,179,714,485 214,596,488 214,596,488 99,120,700 9,295,190,273 9,394,310,973 0% 2018 10,033,990,678 10,033,990,678 221,666,625 221,666,625 97,686,900 10,157,970,403 10,255,657,303 0% 2019 10,593,683,186 10,593,683,186 212,862,653 212,862,653 96,576,100 10,709,969,739 10,806,545,839 0% 2020 11,401,543,797 11,401,543,797 213,768,044 213,768,044 96,322,900 11,518,988,941 11,615,311,841 0% 2021 12,221,160,827 12,221,160,827 235,685,766 235,685,766 96,035,100 12,360,811,493 12,456,846,593 0% 2022 13,064,591,432 13,064,591,432 234,727,451 234,727,451 94,233,600 13,205,085,283 13,299,318,883 0% 2023 14,175,785,247 14,175,785,247 266,218,727 266,218,727 94,756,500 14,347,247,474 14,442,003,974 0% 2024 15,201,926,453 15,201,926,453 323,846,805 323,846,805 94,444,600 15,431,328,658 15,525,773,258 0% 2025 16,133,617,594 16,133,617,594 322,881,715 322,881,715 95,405,043 16,361,094,266 16,456,499,309 0% Note: Effective fiscal year 1981-82 and fiscal years thereafter, assessed value is 100% of market value.

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

Source: Fresno County Auditor Controller/Treasurer Tax Collector FY2024-25 Tax Rate Book

CITY OF CLOVIS

ASSESSED AND ESTIMATED ACTUAL VALUE OF PROPERTY

LAST TEN FISCAL YEARS
123
483
AGENDA ITEM NO. 18.

Fiscal Year Clovis Unified State Center
Ended City of School District General Obligation
June 30, Clovis Bond Bond County Wide Total
2016 0.000000 0.155350 0.008064 1.000000 1.163414
2017 0.000000 0.155350 0.008480 1.000000 1.163830
2018 0.000000 0.398998 0.025934 1.000000 1.424932
2019 0.000000 0.155350 0.022966 1.000000 1.178316
2020 0.000000 0.155352 0.025786 1.000000 1.181138
2021 0.000000 0.155356 0.025672 1.000000 1.181028
2022 0.000000 0.155350 0.018088 1.000000 1.173438
2023 0.000000 0.155330 0.028470 1.000000 1.183800
2024 0.000000 0.155350 0.020920 1.000000 1.176270
2025 0.000000 0.155358 0.020406 1.000000 1.175764
Note: The basis for the tax rates is per $100 assessed valuation.

Source: Fresno County Auditor Controller/Treasurer Tax Collector FY2024-25 Tax Rate Book

CITY OF CLOVIS

PROPERTY TAX RATES - DIRECT AND OVERLAPPING GOVERNMENT

LAST TEN FISCAL YEARS
124
484
AGENDA ITEM NO. 18.

Percent of Percent of
Total City Total City
Taxable Taxable Taxable Taxable
Assessed Assessed Assessed Assessed
Taxpayer Value (1) Rank Value Value (1) Rank Value
Fresno Community Hospital & Medical CTR 160,076$ 1 0.91% 115,326$ 1 1.25% Lennar Homes of California Inc 71,143 2 0.40% 310 Amedeo Owner LLC 67,283 3 0.38%
Community Hospitals of Central Calif 54,841 4 0.31% Ashlan Avenue Apartments LLC 53,936 5 0.31% RLO LLC 50,198 6 0.28%
Prindiville Dennis Trustee 41,256 7 0.23% 41,476 3 0.45% LTC West Inc 39,460 8 0.22%
Wiloli LP 38,074 9 0.22%
Copper Beech Apts LP 33,242 10 0.19%
Pelco 41,593 2 0.45%
BRE Throne Clovis Commons LLC 38,235 4 0.41% Winterfell Yosemite Gardens L P 25,611 5 0.28% Clovis-Herndon Center II LLC 25,475 6 0.28% Wal-Mart Real Estate Business Trust 24,921 7 0.27% GSF Sunnyside Clovis Investors L P 23,098 8 0.25% Copper Beech Townhome Communities 21,269 9 0.23% Clovis Apartment Group LLC 20,621 10 0.22% 609,509$ 3.45% 377,625 $ 4.09%
(1) Amounts in thousands.

Source: City of Clovis-GIS
Fresno County Assessor

CITY OF CLOVIS

PRINCIPAL PROPERTY TAX PAYERS

CURRENT YEAR AND TEN YEARS AGO
20162025
125
485
AGENDA ITEM NO. 18.

Ratio of Ratio of
Percent of Total Tax Current
Fiscal Year Total Current Delinquent Total Collections Current Delinquent Ended Tax Current Tax Taxes Tax Tax to Total Delinquent Taxes to Total June 30, Levy Collections Collected Collections₁ Collections Tax Levy Taxes Tax Levy₂ 2016 11,475,064$ 11,371,562 $ 99.1 111,527 $ 11,483,089$ 100.1 159,503 $ 1.390 2017 12,116,560 11,966,405 98.8 160,797 12,127,202 100.1 169,390 1.398 2018 13,366,204 13,159,337 98.5 268,359 13,427,696 100.5 187,528 1.403 2019 14,248,564 13,928,737 97.8 138,109 14,066,846 98.7 196,915 1.382 2020 14,932,240 14,428,282 96.6 196,398 14,624,680 97.9 244,291 1.636 2021 16,131,046 15,784,387 97.9 325,023 16,109,410 99.9 231,803 1.437 2022 17,256,877 16,649,714 96.5 282,717 16,932,431 98.1 260,234 1.508 2023 18,909,514 18,216,075 96.3 305,208 18,521,283 97.9 313,898 1.660 2024 20,468,477 19,748,488 96.5 280,221 20,028,709 97.9 349,397 1.707 2025 21,526,612 20,706,288 96.2 398,092 21,104,380 98.0 414,603 1.926 Notes: Amounts include only General Fund tax collections. ₁ Includes prior year delinquent tax collections.
₂ The ratio of current delinquent taxes represents the Fresno County wide rate as the County of Fresno is unable to provide the City of Clovis' delinquent tax ratio.

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

CITY OF CLOVIS

PROPERTY TAX LEVIES AND COLLECTIONS

LAST TEN FISCAL YEARS
126
486
AGENDA ITEM NO. 18.

Fiscal Year Loans/ Notes/Direct Debt Debt
Ended Subscription Lease Revenue Capital Contracts Placements Per Per June 30, Liability Liability Bonds (1) Leases (1) Payable (1) Payable (1) Total AV Capita 2016 0$ 0$ 0$ 26,850,329$ 1,724,379$ 0$ 28,574,708$ 0.004$ 274$ 2017 0 0 0 24,154,921 1,480,623 0 25,635,544 0.003 231
2018 0 0 0 22,066,356 1,195,510 0 23,261,866 0.002 204
2019 0 0 0 11,284,736 2,745,885 8,997,833 23,028,454 0.002 197 2020 0 0 0 9,413,689 2,768,483 7,992,401 20,174,573 0.002 169 2021 0 0 13,943,941 0 2,439,906 16,494,902 32,878,749 0.003 270 2022 0 0 13,773,862 0 2,170,424 13,834,128 29,778,414 0.002 241 2023 115,279 0 13,473,784 0 1,908,905 11,370,846 26,868,814 0.002 215 2024 1,102,730 577,017 13,168,706 0 2,775,567 9,077,447 26,701,467 0.002 212 2025 3,403,244 995,532 12,848,628 0 2,521,682 6,922,272 26,691,358 0.002 207 2016 0$ 0$ 130,540,195$ 0$ 8,205,774$ 0$ 138,745,969$ 0.017$ 1,330 $ 2017 0 0 125,639,953 0 7,350,311 0 132,990,264 0.014 1,201 2018 0 0 118,831,052 0 6,449,775 0 125,280,827 0.012 1,100 2019 0 0 114,115,888 0 5,502,287 0 119,618,175 0.011 1,022 2020 0 0 109,265,725 0 4,505,030 0 113,770,755 0.010 955 2021 0 0 104,255,563 0 3,455,186 0 107,710,749 0.010 884 2022 0 0 99,030,400 0 2,355,574 0 101,385,974 0.009 820 2023 0 0 93,585,238 0 1,203,845 0 94,789,083 0.007 761
2024 117,070 0 87,414,061 0 0 0 87,531,131 0.006 694
2025 9,210 0 80,760,516 0 0 0 80,769,726 0.005 626
2016 0$ 0$ 130,540,195$ 26,850,329$ 9,930,153$ 0$ 167,320,677$ 0.021$ 1,604 $ 2017 0 0 125,639,953 24,154,921 8,830,934 0 158,625,808 0.017 1,432 2018 0 0 118,831,052 22,066,356 7,645,285 0 148,542,693 0.015 1,304 2019 0 0 114,115,888 11,284,736 8,248,172 8,997,833 142,646,629 0.013 1,219 2020 0 0 109,265,725 9,413,689 7,273,513 7,992,401 133,945,328 0.012 1,124 2021 0 0 118,199,504 0 5,895,092 16,494,902 140,589,498 0.013 1,154 2022 0 0 112,804,262 0 4,525,998 13,834,128 131,164,388 0.011 1,061 2023 115,279 0 107,059,022 0 3,112,750 11,370,846 121,657,897 0.008 976 2024 1,219,800 577,017 100,582,767 0 2,775,567 9,077,447 114,232,598 0.007 906 2025 3,412,454 995,532 93,609,144 0 2,521,682 6,922,272 107,461,084 0.007 832 (1) Presented net of original issuance discounts and premiums.

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

CITY OF CLOVIS

RATIOS OF OUTSTANDING DEBT BY TYPE

LAST TEN FISCAL YEARS
127
487
AGENDA ITEM NO. 18.

Fiscal Year Ratio of Net Net
Ended Estimated Assessed Gross Bonde d Less Debt Net Bonded Debt to Bonded Debt June 30, Population Valuation Debt (1) Service Fund Bonded Debt Assessed Value Per Capita 2016 108,039 8,696,361,855$ 0 $ 0$ 0$ 0.00% 0 $ 2017 110,762 9,179,714,485 0 0 0 0.00% 0
2018 113,883 10,157,970,403 0 0 0 0.00% 0
2019 117,003 10,709,969,739 0 0 0 0.00% 0
2020 119,175 11,518,988,941 0 0 0 0.00% 0
2021 121,834 12,360,811,493 0 0 0 0.00% 0
2022 123,665 13,205,085,283 0 0 0 0.00% 0
2023 124,523 14,347,247,474 0 0 0 0.00% 0
2024 126,133 15,431,328,658 0 0 0 0.00% 0
2025 129,121 16,361,094,266 0 0 0 0.00% 0
(1) Amount does not include special assessment bonds.

Source: Fresno County Auditor Controller/Treasurer Tax Collector

CITY OF CLOVIS

RATIO OF NET GENERAL OBLIGATION BONDED DEBT

TO ASSESSED VALUE AND NET GENERAL OBLIGATION BONDED DEBT PER CAPITA

LAST TEN FISCAL YEARS
128
488
AGENDA ITEM NO. 18.

Total Ratio of
Fiscal Year General Debt Service to
Ended Total Governmental General Government
June 30, Principal Interest Debt Service Expenditures (1) Expenditures 2016 0 $ 0 $ 0$ 65,229,597$ 0.0 2017 0 0 0 72,983,983 0.0
2018 0 0 0 74,951,616 0.0
2019 0 0 0 80,856,703 0.0
2020 0 0 0 96,876,631 0.0
2021 0 0 0 91,524,203 0.0
2022 0 0 0 98,034,107 0.0
2023 0 0 0 124,445,016 0.0
2024 0 0 0 122,595,500 0.0
2025 0 0 0 137,473,120 0.0
(1) Includes all governmental fund types (General, Special Revenue, Debt Service and Capital Projects Funds).

CITY OF CLOVIS

RATIO OF ANNUAL DEBT SERVICE EXPENDITURES

FOR GENERAL OBLIGATION BONDED DEBT

TO TOTAL GENERAL GOVERNMENTAL EXPENDITURES

LAST TEN FISCAL YEARS
129
489
AGENDA ITEM NO. 18.
2024/2025 Assessed Valuation: 16,456,499,309$
Direct and Overlapping Debt: % Applicable* Debt
Direct Debt:

City of Clovis Direct Borrowings 100.00% 6,922,272$
City of Clovis Revenue Bonds 100.00% 12,848,628
City of Clovis Loans Payable 100.00% 2,521,682
City of Clovis Subscription Liability 100.00% 3,412,454 City of Clovis Lease Liability 100.00% 995,532
Total Net Direct and Direct Bonded Debt 26,700,568$
Overlapping Bonded Debt:

Fresno County General Fund Obligations 14.699% 2,363,022$ Fresno County Pension Obligations 14.699% 24,737,790
State Center Community College District 13.378% 46,809,358 Clovis Unified School District 42.515% 231,723,829
Clovis Unified School District General Fund Obligations 42.515% 66,783,942 Clovis Memorial District General Fund Obligations 45.640% 1,573,714 Fresno Unified School District 2.114% 16,801,997
Fresno Unified School District General Fund Obligations 2.114% 92,753 Sanger Unified School District 1.288% 4,815,521
Sanger Unified School District General Fund Obligations 1.288% 2,315,662 Total Gross Overlapping Bonded Debt 398,017,588$
Overlapping Tax Increment Debt:

Total Gross Overlapping Tax Increment Debt 100.00% 7,660,000 Total Gross Overlapping Debt 405,677,588$
Total Net Direct and Overlapping Bonded Debt 432,378,156$ (1) (1) Excludes tax and revenue anticipation notes, enterprise revenue, mortgage revenue and tax allocation bonds and non-bonded capital lease obligations.

Ratios to Assessed Valuation:

Total Overlapping Tax and Assessment Debt 2.47%
Total Direct and Direct Bonded Debt 0.16%
Combined Total Debt 2.63%
Ratios to Redevelopment Incremental Valuation $1,196,248,531 Total Overlapping Tax Increment Debt 0.64%
Share of Authorized and Unsold Bonds:

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

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

CITY OF CLOVIS

COMPUTATION OF DIRECT AND OVERLAPPING GOVERNMENTAL ACTIVITIES DEBT JUNE 30, 2025
130
490
AGENDA ITEM NO. 18.

Total Net Debt
Fiscal Year Total Net Debt Applicable to the Limit
Ended Applicable to Legal Debt As a Percentage
June 30, Debt Limit Limit Margin of Debt Limit
2016 1,336,423,044$ 0 1,336,423,044$ 0
2017 1,409,146,646 0 1,409,146,646 0
2018 1,538,348,595 0 1,538,348,595 0
2019 1,620,981,876 0 1,620,981,876 0
2020 1,742,296,776 0 1,742,296,776 0
2021 1,868,526,989 0 1,868,526,989 0
2022 1,994,897,832 0 1,994,897,832 0
2023 2,166,300,596 0 2,166,300,596 0
2024 2,328,865,989 0 2,328,865,989 0
2025 2,468,474,896 0 2,468,474,896 0
LEGAL DEBT MARGIN CALCULATION FOR FISCAL YEAR 2025
Assessed Valuations:

Assessed Value 16,361,094,266$

Add back exempt property 95,405,043
Total Assessed Value 16,456,499,309$

Legal Debt Margin:

Debt Limitation-15 percent of total assessed value 2,468,474,896 $

Debt applicable to Limitation:

Total bonded debt 0
$

Less: Amount in debt service funds available
for payment of principal 0
Total debt applicable to Limitation 0
Legal Debt Margin: 2,468,474,896$

CITY OF CLOVIS

COMPUTATION OF LEGAL DEBT MARGIN INFORMATION

LAST TEN FISCAL YEARS
131
491
AGENDA ITEM NO. 18.

Fiscal Year Net Revenue
Ended Gross Operating Available for Debt Service Requirements (3) June 30, Revenues (1) Expenses (2) Debt Service Principal Interest Total Coverage 2016 16,684,608$ 15,578,895 $ 1,105,713 $ 655,000 $ 114,268 $ 769,268 $ 1.44 2017 16,883,872 15,600,372 1,283,500 690,000 80,063 770,063 1.67 2018 18,030,852 16,042,168 1,988,684 725,000 12,511 737,511 2.70 2019 19,172,744 18,301,846 870,898 0 0 0 N/A
2020 19,786,605 19,599,590 187,015 0 0 0 N/A
2021 20,538,541 19,990,095 548,446 0 0 0 N/A
2022 21,809,342 21,342,044 467,298 0 0 0 N/A
2023 23,586,930 23,231,505 355,425 0 0 0 N/A
2024 24,542,122 24,109,889 432,233 0 0 0 N/A
2025 26,494,256 26,405,029 89,227 0 0 0 N/A

SEWER SERVICE FUND
Fiscal Year Net Revenue
Ended Gross Operating Available fo
r Debt Service Requirements (3)
June 30, Revenues (4) Expenses (2) Debt Service Principal Interest Total Coverage 2016 21,366,761$ 8,813,564 $ 12,553,197 $ 1,930,000 $ 4,575,379 $ 6,505,379 $ 1.93 2017 19,205,582 9,069,315 10,136,267 1,480,000 2,837,163 4,317,163 2.35 2018 21,721,290 9,450,348 12,270,942 2,185,000 4,006,507 6,191,507 1.98 2019 22,175,017 10,126,785 12,048,232 2,075,000 3,806,133 5,881,133 2.05 2020 25,862,697 11,165,176 14,697,521 2,135,000 3,749,252 5,884,252 2.50 2021 20,806,290 11,339,009 9,467,281 2,210,000 3,688,531 5,898,531 1.61 2022 21,946,687 12,272,210 9,674,477 2,320,000 3,587,206 5,907,206 1.64 2023 25,557,340 13,041,364 12,515,976 2,430,000 3,466,555 5,896,555 2.12 2024 21,260,756 14,396,908 6,863,848 2,555,000 3,344,706 5,899,706 1.16 2025 25,886,618 15,268,736 10,617,882 3,540,000 3,193,206 6,733,206 1.58

WATER SERVICE FUND
Fiscal Year Net Revenue
Ended Gross Operating Available for Debt Service Requirements (3) June 30,
Revenues (4) Expenses (2) Debt Service Principal Interest Total Coverage 2016 16,769,010$ 10,955,394 $ 5,813,616 $ 1,685,000 $ 1,301,145 $ 2,986,145 $ 1.95 2017 18,717,047 11,977,373 6,739,674 1,755,000 1,232,816 2,987,816 2.26 2018 21,537,742 12,618,522 8,919,220 1,825,000 1,161,688 2,986,688 2.99 2019 27,118,081 13,346,057 13,772,024 1,890,000 1,087,826 2,977,826 4.62 2020 23,939,392 14,798,151 9,141,241 1,965,000 1,011,231 2,976,231 3.07 2021 22,776,199 21,116,633 1,659,566 2,050,000 958,688 3,008,688 0.55 2022 24,952,968 17,717,090 7,235,878 2,155,000 856,188 3,011,188 2.40 2023 28,597,236 18,381,039 10,216,197 2,265,000 748,438 3,013,438 3.39 2024 27,620,683 20,861,082 6,759,601 2,340,000 601,803 2,941,803 2.30 2025 38,166,672 24,191,724 13,974,948 2,410,000 518,500 2,928,500 4.77 (1) Total revenues, including interest.
(2) Total operating expenses exclusive of depreciation. (3) Includes principal and interest of revenue bonds only. It does not include the other debt reporte d
in the refuse and sewer funds.
(4) Total revenues, including interest and capital contributed by developers. The amount contribute d by developers is available for payment of annual debt service and is therefore included in gross revenue for the purposes of this schedule.

Note: This schedule does not represent legal bond covenants.

CITY OF CLOVIS

REVENUE BOND COVERAGE

LAST TEN FISCAL YEARS

REFUSE DISPOSAL FUND
132
492
AGENDA ITEM NO. 18.

Fiscal Year City Fresno County City
Ended City Unemployment Fresno County Unemployment Median June 30, Population Rate Population Rate Income 2016 108,039 3.55 7.20 984,541 9.30 62,863
2017 110,762 2.52 5.80 995,975 8.10 65,976
2018 113,883 2.82 4.40 1,007,229 7.60 78,146
2019 117,003 2.74 4.10 1,018,241 7.00 74,432
2020 119,175 1.86 12.10 1,023,358 14.60 89,398
2021 121,834 2.23 6.40 1,026,681 9.30 84,119
2022 123,665 1.50 3.40 1,011,273 5.70 84,837
2023 124,523 0.69 4.50 1,011,499 7.10 100,399
2024 126,133 1.29 4.50 1,017,431 8.10 88,828
2025 129,121 2.37 5.30 1,037,053 8.60 92,949
Sources: County of Fresno
Labor market Info EDD
United States Census
California Department of Finance
Note: Per capita income and total personal income information not available.

CITY OF CLOVIS

DEMOGRAPHIC STATISTICS

LAST TEN FISCAL YEARS
City Population
as % of
% Change County Population

12.23 11.31

12.45 11.49

11.79 11.65

11.12 10.97

12.31 12.40
133
493
AGENDA ITEM NO. 18.

Percent of Percent of
Number of Total Number of Total
Employer Employees Rank Employment* Employees Employment* Clovis Unified School District 5,817 1 14.36% 6,400 1 12.14% Clovis Community Hospital 3,062 2 7.56% 1,680 2 3.19%
County of Fresno 1,867 3 4.61%
Wal-Mart 1,003 4 2.48% 762 4 1.45%
City of Clovis 802 5 1.98% 656 5 1.24%
Wawona Frozen Foods 703 6 1.74% 1,276 3 2.42%
Anlin Industries 464 7 1.15% 304 9 0.58%
Costco 412 8 1.02% 295 10 0.56%
Target 406 9 1.00% 363 8 0.69%
Lowe's 200 10 0.49%
Pelco 650 6 1.23%
Alorica 535 7 1.02%
* "Total Employment" as used above represents the total employment of all employers located within City limits based on a projection for June 2025.

Source:

Employment Development Department or employer provided

CITY OF CLOVIS

PRINCIPAL EMPLOYERS

CURRENT YEAR AND TEN YEARS AGO
20162025
134
494
AGENDA ITEM NO. 18.
2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Governmental Activities
General Government 43.850 44.850 46.850 46.650 47.100 47.100 48.100 50.100 51.300 52.300 Public Safety
Police 168.000 175.000 175.000 176.000 179.000 180.000 180.000 184.000 196.000 205.000 Fire 66.000 67.000 67.000 67.000 67.000 73.000 73.000 73.000 74.000 75.000 Transportation 13.950 14.000 14.040 14.140 16.140 16.140 17.190 17.290 17.490 17.740 Community Development 1.000 1.000 1.000 0.850 0.850 0.850 0.850 1.000 2.000 1.650 Culture & Recreation 26.000 25.750 26.630 26.630 26.680 27.680 27.930 29.830 34.230 36.230 Internal Service 30.225 31.225 31.235 30.435 32.835 32.835 32.885 34.985 35.935 36.935 Total Governmental
Activities 349.025 358.825 361.755 361.705 369.605 377.605 379.955 390.205 410.955 424.855 Business-Type Activitie
s
Refuse 44.310 43.960 45.060 49.060 51.160 51.410 55.710 60.010 64.750 64.330 Sewer 11.250 11.250 12.230 12.780 13.030 13.280 13.480 15.580 16.460 18.090 Water 35.300 36.850 37.890 39.040 40.040 41.540 43.190 45.240 46.970 48.510 Street Cleaning 6.790 6.790 6.740 6.740 6.740 6.740 6.240 6.690 6.790 6.790 Transit 25.325 25.325 25.325 25.325 25.425 27.425 27.425 27.425 31.425 35.425 Planning & Dev Services 45.000 45.000 47.000 53.350 56.000 55.000 61.000 61.850 64.650 65.000 Total Business-Type
Activities 167.975 169.175 174.245 186.295 192.395 195.395 207.045 216.795 231.045 238.145 Total Full-Time Employees 517.000 528.000 536.000 548.000 562.000 573.000 587.000 607.000 642.000 663.000 Source: City of Clovis - Adopted Budgets, Authorized Positions Notes: Decimals represent the portions of employees performing duties in two or more functions.

Internal Service Functions have been included in Governmental Activities.

Function

CITY OF CLOVIS

FULL-TIME CITY EMPLOYEES

LAST TEN FISCAL YEARS
135
495
AGENDA ITEM NO. 18.
2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Public Safety
Police:

S t a t i o n s 1111111111
Fire:

F i r e s t a t i o n s 5555555666
Public utilities:

Streets (miles) 391 410 415 419 421 427 431 432 435 439 Streetlights 10,479 11,022 11,088 11,692 11,702 11,700 12,023 12,127 12,447 12,503 Cultural and recreation:

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

Water mains (miles) 514 521 535 546 555 573 585 600 603 609 Sewer
Sanitary sewers (miles) 379 385 396 405 413 426 432 442 444 450 Source: City of Clovis

CITY OF CLOVIS

CAPITAL ASSET STATISTICS

BY FUNCTION

LAST TEN FISCAL YEARS
136
496
AGENDA ITEM NO. 18.
2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Police:
- - - - - 181,916 183,782 185,484 159,199 172,119 16,430 18,034 16,856 16,135 15,417 17,580 17,042 17,347 15,605 15,053 911 calls to dispatch*
Number of crimes reported
Public and Officer initiated calls 84,909 84,697 81,492 80,616 80,023 79,097 76,103 79,331 83,992 91,297 for service
Fire:

Number of emergency calls 10,069 9,661 9,974 10,399 10,662 10,274 10,772 12,183 12,491 13,235 Parks and recreation:

Number of recreation classes 130 138 151 169 18 40 58 62 88 112 Number of facility rentals 32 32 48 68 25 20 35 64 72 89 Water:

New connections 837 936 1,067 1,068 855 1,193 610 436 783 839 Average daily consumption 16,883 19,083 20,849 19,929 21,682 22,939 22,944 21,604 22,018 23,339 (thousands of gallons)
Sewer:

New connections 509 801 1,170 1,037 830 902 650 590 602 1,034 Average daily sewage treatment 6,543 6,776 6,928 7,618 7,630 7,886 7,914 7,925 7,915 8,249 (thousands of gallons)
* Prior Fiscal Year information unavailable.

Source: City of Clovis

CITY OF CLOVIS

OPERATING INDICATORS BY FUNCTION

LAST TEN FISCAL YEARS
137
497
AGENDA ITEM NO. 18.
2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Valuation (in Thousands) *
Residential 193,461 $ 265,411 $ 322,495 $ 236,922 $ 303,533 $ 357,447 $ 219,256 $ 248,361 $ 247,983 $ 247,059 $ Non-residential 40,127 44,613 31,892 111,915 82,164 32,095 33,580 36,304 48,031 62,514 Total 233,588 $ 310,024 $ 354,387 $ 348,837 $ 385,697 $ 389,542 $ 252,836 $ 284,665 $ 296,014 $ 309,573 $ New Dwelling Units *
Single Family 697 925 1,046 848 884 1,148 531 658 595 637 Multiple Family 0 58 304 0 228 90 328 0 15 0
Total 697 983 1,350 848 1,112 1,238 859 658 610 637
* Prior Fiscal Year information updated to properly reflect historical quantities and values.

Source: City of Clovis Building Department

CITY OF CLOVIS

BUILDING PERMIT VALUATIONS

LAST TEN YEARS
138
498
AGENDA ITEM NO. 18.

Date of Incorporation February 27, 1912
Form of Government Council/Manager
Number of Employees (full-time and part-time) 802
Area (square miles) 27.84
Miles of Streets 439
Number of Street Lights 12,503
Fire Protection:

Number of Stations 6
Number of Firefighters and Officers 68
Police Protection:

Number of Police Officers
and Other Sworn Personnel 128
Water Department:

Number of Water Services 41,608
Miles of Water Mains 609
Sewers:

Miles of Sanitary Sewers 450
Source: City of Clovis

CITY OF CLOVIS

MISCELLANEOUS STATISTICS
June 30, 2025
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4660 La Jolla Village Drive, Suite 100
San Diego, California 92122

REPORT ON INTERNAL CONTROL OVER FINANCIAL REPORTING AND ON COMPLIANCE AND

OTHER MATTERS BASED ON AN AUDIT OF FINANCIAL STATEMENTS PERFORMED IN

ACCORDANCE WITH GOVERNMENT AUDITING STANDARDS
Independent Auditor’s Report
To the Honorable Mayor and Members of City Council
of the City of Clovis
Clovis, California
We have audited, in accordance with the auditing standards generally accepted in the United States of America and the stan
dards applicable to financial audits contained in Government Auditing Standards issued by the Comptroller General of the United States, the financial statements of the governmental activities, business-type activities, each major fund, and the aggregate remaining fund information of t he City of Clovis, California (the “City”) as of and for the year ended June 30, 2025, and the related notes to the basic financial statements, which collectively comprise the City’s basic financial statements, and have issued our report thereon dated November 26, 2025.

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

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

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

Report on Compliance and Other Matters
As part of obtaining reasonable assurance about whether the City’s basic financial statements are free from material misstatement, we performed tests of its compliance with ce rtain provisions of laws, regulations, contracts, and grant agreements, noncompliance with which could have a direct and material effect on the determination of financial statement. However, providing an opinion on compliance with those provisions was not an objective of our audit, and accordingly, we do not express such an opinion. The result s of our tests disclosed no instances of noncompliance or other matters that are required to be reported under Government Auditing Standards. 503
AGENDA ITEM NO. 18.

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

Purpose of this Report
The purpose of this report is solely to describe the scope of our testing of internal control and compliance and the results of that testing, and not to provide an opinion on the effectiveness of the City’s internal control or on compliance. This report is an integral part of an audit performed in accordance with Government Auditing Standards in considering the City’s internal control and compliance. Accordingly, this communication is not suitable for any other purpose.

San Diego, California

November 26, 2025
144
504
AGENDA ITEM NO. 18.
4660 La Jolla Village Drive, Suite 100
San Diego, California 92122

REPORT ON COMPLIANCE FOR EACH MAJOR PROGRAM,

ON INTERNAL CONTROL OVER COMPLIANCE REQUIRED BY THE UNIFORM GUIDANCE,

AND ON SCHEDULE OF EXPENDITURES OF FEDERAL AWARDS
Independent Auditor’s Report
To the Hon
orable Mayor and Members of City Council
of the City of Clovis
Clovis, California
Report on Compliance for Each Major Federal Program
Opinion on Each Major Federal Program
We have audited the City of Clovis, California’s (the “City”) compliance with the types of compliance requirements identified as subject to audit in the OMB Compliance Supplement that could have a direct and material effect on each of the City’s major federal program s for the year ended June 30, 2025. The City’s major federal programs are identified in the summary of the audito r’s results section of the accompan ying schedule of findings and questioned costs.

In our opinion, the City complied, in all material respects, with the types of compliance requirements referred to above that could have a direct and material effect on each of its major federal programs for the year ended June 30, 2025.

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

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

Responsibilities of Management for Compliance
Mana
gement is responsible for compliance with the requirements referred to above and for the design, implementation, and maintenance of effective internal control over compliance with the requirements of laws, statutes, regulations, rules, and provisions of contracts or grant agreements applicable to the City’s federal programs. 505
AGENDA ITEM NO. 18.

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

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

In performing an audit in accordance with auditing standards generally accepted in the United States of America, Government Auditing Standards, and the Uniform Guidance, we  exercise professional judgment and maintain professional skepticism throughout the audit.  identify and assess the ri sks of material noncompliance, whet her due to fraud or error, and design and perform audit procedures responsive to those risks. Such procedures include examining, on a test basi s, evidence regarding the City’s compliance with the compliance requirements referred to above and performing such other procedures as we considered necessary in the circumstances.  obtain an understanding of the City’s internal control over compliance relevant to the audit in order to design audit procedures that are appropriate in the circumstan ces and to test and report on internal control over compliance in accordance with the Uniform Guidance, but not for the purpose of expressing an opinion on the effectiveness of the City’s internal control over compliance. Accordingly, no such opinion is expressed.

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

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

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

Our audit was not designed for the purpos e of expressing an opinion on the effectiveness of internal control over compliance. Accordingly, no such opinion is expressed.
146
506
AGENDA ITEM NO. 18.

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

The purpose of this report on internal control over compliance is solely to describe the scope of our testing of internal control over compliance and the results of that testi ng based on the requirements of the Uniform Guidance.

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

Report on S
chedule of Expenditures of Federal Awards Required by the Uniform Guidance We have audited the financial statements of the government al ac tivities, business-type activities, each major fund, and the aggregate remaining fund information of the City as of and for the year ended June 30, 2025, and the related notes to the financial statements, and have issued our report thereon dated November 26, 2025, which contained unmodified opinions on those financial statements. Our audit was conducted for the purpose of forming our opinions on the City’s financial statements. The accompanying Schedule of Expenditures of Federal Awards, as required by Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards , is presented for purposes of additional analysis and is not a required part of the financial statements. Such information is the responsibility of management and was derived from and relates directly to the underlying accounting and other records used to pr epare the financial statements. The information has been subjected to the auditing procedures applied in the au dit of the basic financial statements and certain other procedures, including comparing and reconciling such info rmation directly to the underlying accounting and other records used to prepare the financial statements or to the financial statements themselves, and other additional procedures in accordance with auditing standards generally accepted in the United States of America. In our opinion, the Schedule of Expenditures of Federal Awards is fairly stated in all material respects in relation to the basic financial statements as a whole.

San Diego, California

November 26, 2025
147
507
AGENDA ITEM NO. 18.

City of Clovis
Schedule of Expenditures of Federal Awards
For the Year Ended June 30, 2025
See Notes to the Schedule of Expenditures of Federal Awards.

Federal Grantor/Pass-Through Grantor/Program or Cluster Title
Federal
Assi sta nce
Listing Number Pass-Through Entity Identifying Number
Federal
Expenditures
Amounts
Provided to
Subrecipients
U.S. Department of Housing and Urban Development
Direct Program:

CDBG Entitlement Grants Cluster:

Community Development Block Grant-Entitlement 14.218 B-22-MC-06-0062 28,938 $ -$ Community Development Block Grant-Entitlement 14.218 B-23-MC-06-0062 94,599 - Community Development Block Grant-Entitlement 14.218 B-24-MC-06-0062 419,753 - Community Development Block Grant-Entitlement 14.218 B-20-MW-06-0062 14,160 - CDBG Entitlement Grants Cluster 557,450 -
Total U.S. Department of Housing and Urban Development 557,450 - U.S. Department of the Interior, Bureau of Reclamation
Direct Program:

WaterSMART Program 15.514 BOR-DO-20-F002 19,460 19,266 Total U.S. Department of the Interior, Bureau of Reclamation 19,460 19,266 U.S. Department of Justice
Direct Programs:

Justice Assistance Grant Program 16.738 15PBJA-24-GG-04554-JAGX 16,156 - Total U.S. Department of Justice 16,156 -
U.S. Department of Transportation
Passed-Through California State Department of Transportation:

Highway Planning and Construction:

Highway Planning and Construction 20.205 06-5208 5,045,573 - Highway Planning and Construction Total 5,045,573 -
Passed-Through California Office of Traffic Safety:

Highway Safety Cluster:

State and Community Highway Safety 20.600 PT24046 13,511 - State and Community Highway Safety 20.600 PT25154 19,875 - Highway Safety Cluster Total 33,386 -
Minimum Penalties for Repeat Offenders for Driving While Intoxicated 20.608 PT24046 15,907 - Minimum Penalties for Repeat Offenders for Driving While Intoxicated 20.608 PT25154 68,708 - Minimum Penalties for Repeat Offenders for Driving While Intoxicated Total 84,615 - Total U.S. Department of Transportation 5,163,574 -
U.S. Department of Health and Human Services
Passed-Through Fresno-Madera Area Agency on Aging:

Aging Clus ter:

Special Programs for the Aging, Title III, Part C 93.045 25-0051ARP 48,000 - Aging Cluster Total 48,000 -
Total U.S. Department of Health and Human Services 48,000 - U.S. Department of Homeland Security
Dire
ct Programs:

Staffing for Adequate Fire and Emergency Response 97.083 EMW-2019-FF-00250 109,928 - Passed-Through County of Fresno:

State Homeland Security Program (SHSP) 97.067 97.067 62,168 - Total U.S. Department of Homeland Security 172,096 - Total Expenditures of Federal Awards 5,976,736$ 19,266$ 148
508
AGENDA ITEM NO. 18.

City of Clovis
Notes to the Schedule of Expenditures of Federal Awards For the Year Ended June 30, 2025
Note 1 – Reporting Entity
The financial reporting entity consists of (a) the primary government, City of Clovis, California (the “City”), (b) organizations for which the primary government is finan cially accountable, including the Clovis Community Development Agency (dissolved on February 1, 2012 and established a Successor Agency, which is reported as a private-purpose trust fund in the City ’s financial statements), Clovis Municipal Development Corporation, and Clovis Public Financing Authority, and (c) other organizations for which the primary government is not accountable, but for which the nature and significance of their relationship wi th the primary government are such that exclusion would cause the reporting entity’s financial statements to be misleading or incomplete.

Note 2 – Basis of Accounting
Funds received under the various grant programs have been recorded within the General Fund, special revenue, and enterprise funds of the City. The City utilizes the modified accrual method of accounting for the General Fund and special revenue funds and full accrual basis of accounti ng for the enterprise funds. The accompanying Schedule of Expenditures of Federal Awards (the “Schedule”) is presented in accordance with the requirements of Title 2 U.S.

Code of Federal Regulations Part 200, Uniform Admi nistrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance) and includes the federal award activity for the year ended June 30, 2025. Therefore, some amount s presented in the schedule may differ from amounts presented in, or used in, the preparation of the City’s basic financial statements.

Note 3 – Schedule of Expenditures of Federal Awards
The accompanying Schedule presents the activity of all fede ral financial assistance programs of the City. Federal financial assistance received directly from federal agencies as well as federal financial assistance passed through the State of California, County of Fresno, Fresno-Madera Area Agency on Aging, and/or City of Fresno are included in the Schedule. The Schedule was prepared from only the accounts of various grant progr ams and, therefore, does not present the financial position, change in net position or f und balance, or results of operations and cash flows of the City.

Note 4 – Subrecipients
The City passed-through $19,266 in F ederal Assistance Listing No. 15.514 Wa terSMART Program funding to the Fresno Metropolitan Flood Control District during the fiscal year ended June 30, 2025.

Note 5 – Indirect Cost Rate
The City has elected to use the de minimis indirect rate as allowed under the Uniform Guidance (10 percent of modified total direct costs for awards issued prior to Octo ber 1, 2024 and 15 percent for awards issued or amended on or after October 1, 2024).

Note 6 – Contingencies
Unde
r the terms of federal and state grants, additional audits may be requested by the grantor agencies and certain costs may be questioned as not being appropriate expenditures under the terms of the grants. Such audits could lead to a request for reimbursement to the grantor agencies. 149
509
AGENDA ITEM NO. 18.

City of Clovis
Schedule of Findings and Questioned Costs
For the Year Ended June 30, 2025
SECTION I – SUMMARY OF AUDITOR’S RESULTS
Financial Statements
Type of auditor’s report issued: Unmodified
Internal control over financial reporting:
 Material weakness(es) identified? No
 Significant deficiency(ies) identified? None Reported Noncompliance material to financial statements noted? No Federal Awards
Internal control over major programs:
 Material weakness(es) identified? No
 Significant deficiency(ies) identified? None Reported Type of auditor’s report issued on compliance for major programs Unmodified Any audit findings disclosed that are required to be reported in Accordance with 2 CFR 200.516(a)? No
Identification of major programs:

Name of Federal Program or Cluster
Fede ra l
Assistance
Listing
Number
Federal
Expenditures
Major Programs:

Highway Planning and Construction 20.205 5,045,573$
Total Major Program Expenditures 5,045,573$
Total Expenditures of Federal Awards 5,976,736$
Percentage of Total Expenditures of Federal Awards 84.42% Dollar threshold used to distinguish between type A and type B programs $750,000 Auditee qualified as low-risk auditee in accordance with 2 CFR 200.520? Yes 150
510
AGENDA ITEM NO. 18.

City of Clovis
Schedule of Findings and Questioned Costs (Continued)
For the Year Ended June 30, 2025
SECTI
ON II – FINANCIAL STATEMENT FINDINGS
A. Current Year Financial Statement Findings
No financial statement findings were noted for the year ended June 30, 2025.

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

SECTION III – FEDERAL AWARDS FINDINGS AND QUESTIONED COSTS A. Current Year Findings and Questioned Costs – Major Federal Award Program Audit No findings or questioned costs were noted on major federal award programs for the year ended June 30, 2025.

B. Prior Year Findings and Questioned Costs – Major Federal Award Program Audit No findings or questioned costs were noted on major federal award programs for the year ended June 30, 2024. 151
511
AGENDA ITEM NO. 18.
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s page is intentionally left blank)
152
512
AGENDA ITEM NO. 18.
4660 La Jolla Village Drive, Suite 100
San Diego, California 92122

REPORT ON COMPLIANCE AND OTHER MATTERS

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

STATEMENTS IN RELATION TO THE LOCAL TRANSPORTATION PURPOSE FUNDS PERFORMED IN

ACCORDANCE WITH GOVERNMENT AUDITING STANDARDS
Independent Auditor’s Report
To the Hon
orable Mayor and Members of City Council
of the City of Clovis
Clovis, California
We have audited, in accordance with the auditing standards generally accepted in the United States of America and the standards applicable to financial audits contained in Government Auditing Standards issued by the Comptroller General of the United States, the financi al statements of the governmental acti vities, the business-type activities, each major fund, and the aggregate remaining f und information of the City of Clovis , California (the “City”), as of and for the year ended June 30, 2025, and the related notes to the financial statements, which collectively comprise the City’s basic financial statements, and have issued our report thereon dated November 25, 2025.

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

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

Our consideration of internal control was for the limited purpose described in the first paragraph of this section and was not designed to identify all deficiencies in internal c ontrol that might be material weaknesses or significant deficiencies. Given these limitations, during our audit we did not identify any deficiencies in internal control that we consider to be material weaknesses. However, material we aknesses or significant deficiencies may exist that were not identified.
513
AGENDA ITEM NO. 18.

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

Report on Compliance and Other Matters
As part of obtaining reasonable assurance about whether the financial statements are free of material misstatement, we performed tests of its compliance with certain provisio ns of laws, regulations, contracts and grants, including the requirements of the California Public Utilities Code Section 142257 regulations as it applies to Local Transportation Purpose Funds noncompliance, with which could have a direct and material effect on the financial statements.

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

Purpose of This Report
The purpose of this report is solely to describe the scope of our testing of internal control and compliance and the results of that testing, and not to provide an opinion on the effectiveness of the City’s internal control or on compliance. This report is an integral part of an audit performed in accordance with Government Auditing Standards in considering the City’s internal control and compliance. Accordingly, this communication is not suitable for any other purpose.

San Diego, California
November 26, 2025
154
514
AGENDA ITEM NO. 18.
4660 La Jolla Village Drive, Suite 100
San Diego, California 92122
INDEPENDENT ACCOUNTANT’S REPORT ON

APPLYING AGREED-UPON PROCEDURES
To the Honorable Mayor and Members of City Council
of the City of Clo
vis
Clovis, California
We have performed the procedures enumerated below to the accompanying Appropriations Limit Schedule of the City of Clovis, California (City) for the year ended June 30, 2025. The management of the City is responsible for the Appropriations Limit Schedule.

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

The procedures and the associated findings are as follows:

1. We obtained the completed worksheets for the year ended June 30, 2025 and compared the limit and annual adjustment factors included in those worksheets to th e limit and annual adjustment factors included in those worksheets to the limit and annual adjustment factors that were adopted by resolution of the City Council. We also compared the population and inflation options included in the aforementioned worksheet to those th at were s
elected by a recorded vote of the City Council.

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

2. For the accompanying Appropriations Limit Schedule, we added the last year’s limit to the total adjustments, and ag
reed the resulting amount to this year’s limit.

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

3. We compared the current year information presente d in the accompanying Appropriations Limit Schedule to corre
sponding information in worksheets used by the City.

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

4. We compared the prior year appropriations limit presented in the accompanying Appropriations Limit Schedule to the prior year appropriations limit adopted by the City Council for the prior year.

Finding: No exceptio
ns were noted as a result of our procedures.
515
AGENDA ITEM NO. 18.

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

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

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

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

San Diego, California
November 26, 2025
156
516
AGENDA ITEM NO. 18.

City of Clovis
Appropriations Limit Schedule
For the Year Ended June 30, 2025

See Accompanying Notes to Appropriations Limit Schedule

Amount Source
A. Appropriations Limit FY 2024 404,728,778$ Prior year B. Calculation Factors:
1) Population increase % 1.0142 State Department of Finance 2) Inflation increase % 1.0362 State Department of Finance 3) Total adjustment % 1.0509 (B1*B2)
C. Annual Adjustment Increase 20,606,378 [A*(B3-1)] D. Other Adjustments:
1) Loss responsibility (-) - N/A 2) Transfer to private (-) - N/A 3) Transfer to fees (-) - N/A 4) Assumed responsibility (+) - N/A

157
517
AGENDA ITEM NO. 18.

City of Clovis
Notes to Appropriations Limit Schedule
For the Year Ended June 30, 2025
Note 1 – Purpose of Limited Procedures Review
Under Article XIIIB of the California Constitution (the G ann Spending Limitation Initiative), California governmental agencies are restricted as to the amount of annual appropriations from proceeds of taxes. Effective for years beginning on or after July 1, 1990, under Section 1.5 of Arti cle XIIIB, the annual calculation of the appropriations limit is subject to a limited procedures review in connection with the annual audit.

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

Note 3 – Population Factors
A California governmental agency may use as its populati on factor either the annual percentage change of the jurisdiction’s own population or the annual percentage chan ge in population of the county where the jurisdiction is located. The factor adopted by the City for fiscal year 2025 represents the annual percentage change in population for the City.

Note 4 – Inflation Factors
A California governmental agency may use as its inflati on factor either the annual percentage change in the 4 th quarter per capita personal income (which percentage is supplied by the State Department of Finance) or the percentage change in the local assessment roll from the pr eceding year due to the change of local nonresidential construction. The factor adopted by the City for fiscal year 2025 represents the annual percentage change in per capita personal income.

Note 5 – Other Adjustments
A California government agency may be required to adjust it s appropriations limit when certain events occur, such as the transfer of responsibility for municipal services to , or from, another government age ncy or private entity. The City had no such adjustments for fiscal year 2025.
158
518
AGENDA ITEM NO. 18.
4660 La Jolla Village Drive, Suite 100
San Diego, California 92122
November 26, 2025
To the Honorable Mayor an
d Members of the City Council
of the City of
Clovis
Clovis, California
We have audited the financial statements of the governmental activiti es, the business-type activities, each major fund, and the aggregate remaining fund information of the City of Clovis (the “City”) for the year ended June 30, 2025, and have issued our report thereon dated November 26, 2025. Professional standards require that we provide you with information about our responsibilities unde r generally accepted auditing standards, Government Auditing Standards and the Uniform Guidance, as well as cer tain information related to the scope and timing of our audit. We have communicated such information in our letter to you dated Ma y 1, 2025. Professional standards also require that we communicate to you the following information related to our audit.

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

New Accounting Standards
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 n eeds of financial statement users by updating the recognition and measurement guidance for compensat ed absences. That objective is achie ved by aligning the recognition and measurement guidance under a unified model and by amending certain previously required disclosures. Application of this statement had a moderate effect on the City’s financial reporting for the fiscal year ended 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 cer tain concentrations or constraints which may limit a government's ability to acquire resources or control spe nding. Application of this statement did not have a significant effect on the City’s financial reporting for the fiscal year ended June 30, 2025.

We noted no other new accounting policies were adopted an d the application of existing policies was not changed during 2025. We noted no transactions entered into by the City during the year for which there is a lack of authoritative guidance or consensus. All significant transactions have been recognized in the financial statements in the proper period.

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

Attachment 2
519
AGENDA ITEM NO. 18.

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

The most sensitive estimates affecting the City’s financial statements were:
 Investments valuation
 Depreciation on capital assets
 Amortization on intangible assets
 “More likely than not” calculation of accrued sick time for compensated absences liability  Landfill post-closure obligation
 Claims payable
 Net pension liability
Certain financial statement disclosures are particularly sensitive because of their significance to financial statement users. The most sensitive disclosures affecting the financial statements were:

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

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

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

Disagreements with Management
For purposes of this letter, a disagreement with man agement is a financial accounting, reporting, or auditing matter, whether or not resolved to ou r satisfaction, that could be significant to the financial statements or the auditor’s report.

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

Management Representations
We have requested certain representations from management that are included in the management representation letter dated November 26, 2025.

Management Consultations with Other Independent Accountants In some cases, management may decide to consult with other accountants about auditing and accounting matters, similar to obtaining a “second opinion” on certain situations. If a consultation involves application of an accounting principle to the governmental unit’s financial statements or a determination of the type of auditor’s opinion that may be expressed on those statements, our professional standards require the consulting accountant to check with us to determine that the consultant has all the relevant facts. To our knowledge, there were no such consultations with other accountants. 520
AGENDA ITEM NO. 18.

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

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

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

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

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

Restriction on Use
This information is i
ntended solely for the use of the City Council and management of the City and is not intended to be, and should not be, used by anyone other than these specified parties.

Very truly yours,
San Diego, California
521
AGENDA ITEM NO. 18.