Agenda packet — Clovis City Council, May 18, 2026 (part 1 of 3)

May 18, 2026 - 1 - 6:00 PM

Agenda • City Council Meeting

Council Chamber, 1033 Fifth Street, Clovis, CA 93612 (559) 324-2060 www.clovisca.gov

May 18, 2026 6:00 PM Council Chamber
In compliance with the Americans with Disabilities Act, if you need special assistance to access the City Council Chamber to participate at this meeting, please contact the City Clerk at (559) 324-2060 (TTY – 711). Notification 48 hours prior to the meeting will enable the City to make reasonable arrangements to ensure accessibility to the Council Chamber.

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

Written Comments
• Members of the Public are encouraged to submit written comments at:
www.clovisca.gov/agendas at least two (2) hours before the meeting (4:00 PM). You will be prompted to provide Council Meeting Date, Item Number, Name, Email, Comment • Please submit a form for each item you are commenting on. • A copy of your written comment will be provided to the City Council noting the item number.

If you wish to make a verbal comment, please see instructions below. • Please be aware that any written comments received that do not specify a particular agenda item will be marked for the general public comment portion of the agenda. • If a written comment is received after 4:00 PM on the day of the meeting, efforts will be made to provide the comment to the City Council during the meeting. However, staff cannot guarantee that written comments received after 4:00 PM will be provided to City Council during the meeting. All written comments received prior to the end of the meeting will be made part of the record of proceedings.

Campaign Contribution Prohibition and Mandatory Disclosure – Pursuant to Government Code section 84308, a Councilmember shall not accept, solicit, or direct a campaign contribution of more than $500 from any party or their agent, or from any participant or their agent, while a proceeding involving a license, permit, contract, or other entitlement for use is pending before the City or for 12 months after a final decision is rendered in that proceeding. Any Councilmember who has received a campaign contribution of more than $500 within the preceding 12 months from a party or their agent, or from a participant or their agent, must disclose that fact on the record of the proceeding and shall not make, participate in making, or in any way attempt to use their official position to influence the decision.

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May 18, 2026 - 2 - 6:00 PM
Pursuant to Government Code section 84308, subdivision (e), any party to a covered proceeding before the City Council is required to disclose on the record of the proceeding any campaign contribution, including aggregated contributions, of more than $500 made within the preceding 12 months by the party or their agent to any Councilmember. The disclosure shall be made as required by Government Code Section 84308, subdivision (e)(1) and California Code of Regulations, Title 2, section 18438.8. No party or their agent, and no participant or their agent, shall make a campaign contribution of more than $500 to any Councilmember during the covered proceeding or for 12 months after a final decision is made in that proceeding. The foregoing statements do not constitute legal advice, and parties and participants are urged to consult with their own legal counsel regarding the applicable requirements of the law.

Call to Order
Flag Salute - Councilmember Ashbeck
Roll Call
Presentations/Proclamations

1. Presentation of Proclamation Declaring May 17-23, 2026, as National Public Works Week.

2. Presentation of Proclamation Honoring Hot Rods Fresno for their Generous Support of Central Valley Honor Flight.

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

Consent Calendar
Items considered routine in nature are to be placed upon the Consent Calendar. They will all be considered and voted upon in one vote as one item unless a Councilmember requests individual consideration. A Councilmember’s vote in favor of the Consent Calendar is considered and recorded as a separate affirmative vote in favor of each action listed. Motions in favor of adoption of the Consent Calendar are deemed to include a motion to waive the reading of any ordinance or resolution on the Consent Calendar. For adoption of ordinances, only those that have received a unanimous vote upon introduction are considered Consent items.

3. Administration - Approval - Minutes from the May 11, 2026, City Council Meeting.

4. Administration - Approval - Res. 26-___, Approving a Resolution revising the City of Clovis' application to the California State Department of Housing and Community Development, for funding under the HOME Program for First-Time Homebuyer (FTHB) Program Activity, in the amount of $500,000, to include utilization of Program Income funds held by the City in the amount of $266,227; and authorizing the City Manager, or designee, to sign the application, execute the Standard Agreement, any Amendments, and any related documents thereto, if selected for funding, as may be necessary to participate in the HOME Program as identified in the HOME Investment Partnerships Program (HOME) 2024 Notice of Funding Availability (NOFA) dated December 30, 2024.

5. Finance – Receive and File – Investment Report for the Month of December, 2025.

6. Finance – Receive and File – Treasurer's Report for the Month of December, 2025.

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May 18, 2026 - 3 - 6:00 PM

7. General Services - Approval – Res. 26-___, Approving Amendments to the City’s Internal Revenue Code Section 125 Flexible Benefits Plan.

8. General Services — Approval — Res. 26-___, Appointing the City Manager as Plan Administrator of the City's Internal Revenue Code Section 125 Flexible Benefits Plan.

9. General Services — Approval - Res. 26-____, Approving a Side Letter Agreement with the Clovis Technical and Financial Professionals (CTFP) to Establish a Modified Salary Structure Methodology.

10. General Services – Approval to Waive the City’s Usual Purchasing Requirements and Authorize the City Manager to Approve the Purchase of Seven (7) FrontRunners and One (1) Class C – Ford E450 Cutaway Bus for $1,866,429.95 Utilizing the California Association for Coordinated Transportation (CalACT) Competitive Bid Award.

11. Planning and Development Services – Approval – Pre-Authorize the City Manager to Award the CIP 24-16 Ashlan Avenue Street Improvements to the Lowest Responsible Bidder; and Authorize the City Manager to Execute the Contract on Behalf of the City.

12. Planning and Development Services – Approval – Final Acceptance for Final Map for Tract 5550 acceptance of public improvements with authorization to record the Notice of Completion and release of sureties as required, located on the north side of Teague Avenue, between Fowler and Armstrong Avenues (GVM Development, LLC, Granville Homes).

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

13. Consider Review and Introduction – Res. 26-___, 2026-27 City of Clovis Annual Budget, Five-Year Capital Improvement Program, Measure Y, and information regarding the Clovis Successor Agency.
a. Finance Department (Jay Schengel)
b. City Council/City Attorney/City Manager/City Clerk (Andrew Haussler) c. Police Department (Curt Fleming)
d. Fire Department (Chris Ekk)
e. Public Utilities Department (Scott Redelfs)
f. Planning and Development Services/Community Investment Program (Renee Mathis) g. General Services Department (Amy Hance)
h. Economic Development, Housing, and Communications (Chad McCollum) Staff: Jay Schengel, Finance Director
Recommendation: Receive Introduction and continue the public hearing to June 1, 2026.

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

14. Government Code section 54956.8

CONFERENCE WITH REAL PROPERTY NEGOTIATORS
Property: 260-272 N. Minnewawa Ave. (lots 31 and 32)
Agency negotiators: Andrew Haussler and Curt Fleming
Negotiating party: Clovis Industrial Park Incorporated
Under negotiation: Price and terms of potential lease

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May 18, 2026 - 4 - 6:00 PM
Reconvene into Open Session and Report from Closed Session Adjournment
Future Meetings
Regular City Council Meetings are held at 6:00 PM in the Council Chamber. The following are future meeting dates:

June 1, 2026 (Mon.)
June 8, 2026 (Mon.)
June 15, 2026 (Mon.)

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Declaring May 17-23, 2026
as National Public Works Week

WHEREAS, Public Works focuses on infrastructure, facilities, and services that are of vital importance to sustainable and resilient communities and to the public health, high quality of life, and well-being of the people of the City of Clovis; and

WHEREAS, these infrastructure, facilities, and services could not be provided without the dedicated efforts of public works employees at all levels of government that are responsible for rebuilding, improving, and protecting our nation’s transportation, water supply, water and wastewater treatment, solid waste systems, public buildings, and other structures and facilities essential for our citizens; and

WHEREAS, it is in the public interest for the citizens, civic leaders, and children in the City of Clovis to gain knowledge of and to maintain an ongoing interest in and understanding of the importance of public works and public works programs in their respective communities; and

WHEREAS, the American Public Works Association has chosen “Rooted in Service, Powered by Community” as the theme for this year’s National Public Works Week to highlight the exceptional services public works provides to communities; and

WHEREAS, the year 2026 marks the 66 th annual National Public Works Week sponsored by the American Public Works Association.

NOW, THEREFORE, BE IT RESOLVED, that the Clovis City Council, on behalf of the citizens of Clovis, does hereby declare May 17-23, 2026 as

National Public Works Week

IN WITNESS THEREOF, I hereunto set my hand and cause the official seal of the City of Clovis to be affixed the 18th day of May, 2026.

_______________________________
Vong Mouanoutoua, Mayor

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Honoring Hot Rods Fresno for their Generous Support of
Central Valley Honor Flight

WHEREAS, the City of Clovis proudly recognizes the importance of honoring and supporting the brave men and women who have served in the United States Armed Forces; and

WHEREAS, Hot Rods Fresno has demonstrated an enduring commitment to community service and to honoring local veterans through its charitable efforts; and

WHEREAS, on April 4, 2026, Hot Rods Fresno hosted the Water Tower Car Show in Old Town Clovis, bringing together residents, car enthusiasts, and local businesses in a celebration of community spirit and generosity; and

WHEREAS, through this event, Hot Rods Fresno raised an extraordinary $30,000, with all funds donated to Central Valley Honor Flight to support its mission of providing veterans with the opportunity to visit the memorials dedicated to their service; and

WHEREAS, this remarkable contribution reflects the values of patriotism, generosity, and civic pride that strengthen the Clovis community.

NOW, THEREFORE, BE IT RESOLVED, that the City Council of the City of Clovis does hereby recognize and congratulate
Hot Rods Fresno

for their outstanding generosity and dedication to honoring our nation’s veterans.

IN WITNESS THEREOF, I hereunto set my hand and cause the official seal of the City of Clovis to be affixed this 18th day of May 2026.

_______________________________
Vong Mouanoutoua, Mayor

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Preliminary - Subject to Approval
March 16, 2026
- 1 -
6:00 PM

C I T Y 01 C L O V I S

City Council Meeting • Minutes

May 11, 2026 6:00 PM Council Chamber

Call to Order
The meeting was called to order by Mayor Mouanoutoua at 6:00 PM.

Flag Salute
Flag Salute led by Mayor Pro Tem Pearce
Roll Call

Present: Councilmember Basgall, Councilmember Ashbeck, Councilmember Bessinger, Mayor Pro Tem Pearce, Mayor Mouanoutoua
Presentations/Proclamations

1. Presentation by Buchanan Bird Brains - FRC Team 1671.

Administrative Items

2. Receive and File -Annual Report Update from the Clovis Youth Commission.

Received and Filed
Public Comments
Dr. Eimear O'Brien spoke about her work in education since retiring , highlighted literacy challenges across Fresno County, discussed the Golden State Literacy Plan, and asked for support in her campaign for County Superintendent of Schools.

Steven Brown discussed concerns about urban sprawl and city planning in America, advocated for more walkable and aesthetically designed communities through form-based zoning, and encouraged continued engagement in the General Plan Advisory Committee (GPAC) process.

Eric Rollins, resident, thanked the Council and youth participants for promoting civic engagement, individual liberty, and community involvement, and expressed appreciation for the display of "In God We Trust" and the Constitution in the Council chambers.

Steven Trevino, resident, shared personal reflections about multigenerational living within Hispanic culture and emphasized the importance of caring for family members and maintaining close family connections.

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Preliminary - Subject to Approval
March 16, 2026
- 2 -
6:00 PM

Dr. Jeni-Ann Kren, resident, praised the City's youth commission and community events for encouraging civic engagement, strengthening families, and creating positive community involvement opportunities for youth.

Consent Calendar
Upon call, there was no public comment.

Motion by Councilmember Ashbeck, seconded by Councilmember Bessinger, that the items on the Consent Calendar be approved. Motion carried by unanimous vote.

3. Minutes from the May 4, 2026, City Council Meeting.

4. Administration - Receive and File - Economic Development Corporation Serving Fresno County Quarterly Report, Q3 January - March 2026.

5. General Services - Approval – Res. 26-52 , a Resolution Authorizing the City Council to Execute a Joint Powers Resolution with the Employment Risk Management Authority (ERMA) for Employment Practices Liability coverage.

6. General Services - Approval - Claim Rejection of the General Liability Claim for Rebekah Madison.

7. Public Utilities - Approval - Preliminary Engineer's Report; and Approval - Res. 2 6 - 5 3 , a Resolution Declaring the City's Intention to Levy and Collect the Annual Assessments for Landscape Maintenance District No. 1.

Council Items

8. Discussion of Term Limits for Council Members, and Potential Direction to Staff.

The following members of the public addressed Council on the above item and spoke in opposition: Eric Rollins, Dr. Jeni-Ann Kren, Bill Scott, Steven Trevino , Mike Prandini, and Mason Magsig.

Motion by Mayor Pro Tern Pearce , seconded by Councilmember Basgall to place a measure on the November 2026 ballot for term limits of three consecutive terms of four years each for service on the Clovis City Council. Motion failed 2-3 vote, with Councilmembers Ashbeck and Bessinger and Mayor Mouanoutoua voting no.

There was consensus of the Council to revisit the community survey discussion prior to the next planned survey in 2028, with staff refining potential survey questions and returning to Council for input or direction if necessary.

9. Provide Direction - Stanford Addition Bullard Couplet Improvements.

The following members of the public addressed the Council on the above item: Eric Rollins and Steven Trevino.

There was consensus of the Council to refine the concept for the area as a destination that highlights and celebrates the neighborhood’s cultural and historical significance through features such as unique sidewalks, lighting, plaques recognizing notable families and community leaders, and historical markers that tell the story of the area.

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Preliminary - Subject to Approval
March 16, 2026
- 3 -
6:00 PM

City Manager Comments
City Manager Haussler announced that the Planning Commission will hold special meetings on May 14th and a regular meeting on May 28, 2026, and encouraged the community to attend the Clovis Memorial Run on Saturday, May 23, 2026.

Council Comments
There was no formal Council direction for staff.

Closed Session

10. Government Code Section 54956.9(d)(1)

CONFERENCE WITH LEGAL COUNSEL - EXISTING LITIGATION Case Name: Matthew Maciel v. City of Clovis, et al.; Case No. 25CECG02450

Motion by Councilmember Ashbeck, seconded by Mayor Pro Tern Pearce to approve a settlement in the referenced litigation in the amount of $210,000 for dismissal of the case and a full release of all claims by the former employee. Motion carried by unanimous vote.

11. Government Code Section 54957.6

CONFERENCE WITH LABOR

NEGOTIATORS
Agency designated representatives: Andrew Haussler , Paul Armendariz, Amy Hance, and Scott Cross
Employee Organization: Clovis Police Officers Association No further action was reported.

Adjournment
Mayor Mouanoutoua adjourned the meeting at 8:21 PM. The next regularly scheduled City Council meeting is May 18, 2026.

__________________________________ ___________________________ Mayor City Clerk

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Report to the City Council

To: City Council
From: Administration
Date: May 18, 2026
Staff: Claudia Cázares, Housing Program Manager
Subject: Administration - Approval - Res. 26-___, Approving a Resolution revising the City of Clovis' application to the California State Department of Housing and Community Development, for funding under the HOME Program for First-Time Homebuyer (FTHB) Program Activity, in the amount of $500,000, to include utilization of Program Income funds held by the City in the amount of $266,227; and authorizing the City Manager, or designee, to sign the application, execute the Standard Agreement, any Amendments, and any related documents thereto, if selected for funding, as may be necessary to participate in the HOME Program as identified in the HOME Investment Partnerships Program (HOME) 2024 Notice of Funding Availability (NOFA) dated December 30, 2024.

Recommendation: Approve
Attachments:

1. HOME Program FTHB ATT 1 Res. 26-___

2. HOME Program FTHB ATT 2 Res. 25-33

Recommendation:

For the City Council to authorize the submission of a resolution to the California State Department of Housing and Community Development (HCD) for funding under the HOME Investment Partnerships Program to include utilization of Program Income funds held by the City of Clovis; and authorizing the City Manager, or his designee, to execute the Standard Agreement if selected for funding, any Amendments thereto, and any related documents necessary to participate in the HOME Investment Partnerships Program.

Executive Summary:

The California Department of Housing and Community Development (HCD) issued a Notice of Funding Availability (NOFA), in December 30, 2024, for funds under the HOME Investment Partnerships (HOME) Program. Staff previously submitted an application for $500,000 to provide downpayment assistance to up to five eligible first-time homebuyers, followed by a notice of conditional award in December 2025. Since that time, HCD has requested the City amend the authorizing resolution to include the use of the $500,000 in newly awarded HOME funds, the use of $266,227 in program income funds currently held by the City, and up to $450,000 in proposed

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additional expected program income (over the next four years). The attached resolution will satisfy the request by HCD and authorize the City to implement the program.

Background:

The HOME Investment Partnerships (HOME) Program, is a federally funded program, through the U.S. Department of Housing and Urban Development. Funds are provided to the State of California HCD who then award the funds through a competitive process to jurisdictions, such as the City of Clovis, and other eligible entities. HOME funds can be used for a variety of affordable housing programs such as housing development, downpayment assistance, housing rehabilitation, or rental assistance.

In response to the HOME Program NOFA published in December 2024, Council authorized submittal of an application for downpayment assistance for low-income first-time homebuyers, in the amount of $500,000. The City received a conditional award on December 3, 2025.

In April 2026, HCD requested the City revise the authorizing resolution for the 2024 HOME Application to include the utilization of program income in the amount of $266,227 which is currently held by the City. HCD also requested the City include use of any additional program income the City anticipates receiving over the next four years ($450,000). The new resolution includes the program income utilization text required by HCD to make the requested changes, and authorizes the City to execute necessary documents and commence implementation of the Program. It is estimated that awarded and existing HOME Funds will assist 8 homebuyers, at an average of about $97,000 in HOME Program funds per home.

Fiscal Impact:

There is no fiscal impact to the City's budget.

Reason for Recommendation:

The recommended action will satisfy the requirements of HCD and authorize the City to implement the First-time Homebuyer Program.

Actions Following Approval:

Staff will submit the new resolution to HCD, execute any required documents, and implement the program.

Conflict of Interest:

None.

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Attachment 1
RESOLUTION 26-___
(Supplementing Resolution 25-33)

RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CLOVIS

APPROVING THE SUBMITTAL OF AN APPLICATION TO THE CALIFORNIA

DEPARTMENT OF HOUSING AND COMMUNITY DEVELOPMENT FOR NOFA GRANT

AND THE AUTHORITY TO EXPEND GRANT FUNDS, AND PROGRAM INCOME,

RECAPTURED FUNDS AND PROGRAM INCOME ADMINISTRATIVE FUNDS (HEREIN COLLECTIVELY “PI FUNDS”) UNDER THE HOME INVESTMENT PARTNERSHIPS PROGRAM (HOME); AND IF SELECTED, THE EXECUTION OF A STANDARD

AGREEMENT, ANY AMENDMENTS THERETO, AND OF ANY RELATED DOCUMENTS

NECESSARY TO PARTICIPATE IN THE HOME PROGRAM

WHEREAS, The California Department of Housing and Community Development (the “Department”) is authorized to allocate HOME Investment Partnerships Program (“HOME”) funds made available from the U.S. Department of Housing and Urban Development (“HUD”).

HOME funds are to be used for the purposes set forth in Title II of the Cranston-Gonzalez National Affordable Housing Act of 1990, in federal implementing regulations set forth in Title 24 of the Code of Federal Regulations, part 92, and in Title 25 of the California Code of Regulations commencing with section 8200; and

WHEREAS, On December 30, 2024, the Department issued a Notice of Funding Availability announcing the availability of funds under the HOME program (the “NOFA”), as amended on February 11, 2025; and

WHEREAS, in response to the NOFA, on April 21, 2025, the City of Clovis, a municipal corporation (the “Applicant”), approved Resolution 25-33 authorizing the submittal of a HOME Program application; and

WHEREAS, on December 3, 2025, the Department awarded the Applicant $500,000 in HOME 2024 Program funds for the First-Time Homebuyer Program, contingent on execution of the Standard Agreement; and

WHEREAS, on April 23, 2026, the Department requested the Applicant provide a revised authorizing resolution to identify the use of NOFA funds and PI funds; and

WHEREAS, Applicant is in possession of $266,227.00 of HOME PI funds derived from payments, payoffs, and/or residual receipts from prior Department-funded HOME loans(s) made by Applicant, and anticipates receipts as high as $450,000 of additional HOME Program Income and/or Recaptured Funds in the next four years, of which $716,227 is requested to be authorized by the Department for the activity specified below, and for HOME administrative costs.

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NOW, THEREFORE, BE IT RESOLVED, THAT:

1. In response to the above-referenced HOME NOFA, the Applicant submitted an Application to the Department to participate in the HOME program and for an allocation of funds not to exceed Five Hundred Thousand Dollars ($500,000.00), and now requests the addition of HOME PI funds not to exceed Seven Hundred Sixteen Thousand Two Hundred Twenty-Seven Dollars ($716,227.00), currently held by the City, for the following activities and/or programs:

First-Time Homebuyer Program – to provide Acquisition-only Down Payment Assistance, as awarded to HOME eligible applicants to provide individual loans to homebuyers to purchase modest dwellings selected from the open market to be located in the City of Clovis city limits.

2. If the Application for funding is approved, then the Applicant hereby agrees to use the HOME funds for eligible activities in the manner presented in its Application as approved by the Department in accordance with the statutes and regulations cited above. The Applicant will also execute a Standard Agreement with the Department, any amendments thereto, and any and all other documents or instruments necessary or required by the Department or HUD for participation in the HOME program.

3. The Applicant hereby authorizes and directs the City Manager, to execute, in the name of the Applicant, the HOME Standard Agreement, other HOME-related contracts and conveyances, and any subsequent amendments thereto.

4. The Applicant hereby authorizes the Assistant City Manager, or the Director of the Economic Development, Housing and Communications Department, or their designee, to execute in the name of the Applicant, drawdown requests and any other HOME Program form requiring a signature, as may be required by the Department from time to time.

5. This Resolution supplements Resolution 25-33 approved by the City Council on April 21, 2025.

* * * * *

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The foregoing resolution was introduced and adopted at a regular meeting of the City Council of the City of Clovis held on May 18, 2026, by the following vote, to wit:

AYES:

NOES:

ABSENT:

ABSTAIN:

DATED: May 18, 2026

______________________________ ______________________________ Mayor City Clerk

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Attachment 2
ATTACHMENT 2

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ATTACHMENT 2

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Report to the City Council

To: City Council
From: Finance Department
Date: May 18, 2026
Staff: Angela Papazian, Deputy Finance Director
Subject: Finance – Receive and File – Investment Report for the Month of December, 2025.

Recommendation: Receive and File
Attachments:

1. Investment Report December ATT 1 Dist of Investments

2. Investment Report December ATT 2 Monthly Inv Trans

3. Investment Report December ATT 3 Cert of Deposit

4. Investment Report December ATT 4 Municipal Securities

5. Investment Report December ATT 5 Corporate Securities

6. Investment Report November ATT 6 Treasury Rates

Recommendation:

Staff recommends that the City Council receive and file the Investment Report for the Month of December 2025.

Executive Summary:

Attached is the Investment Report for the month of December 2025. Shown in Attachment 1 is the distribution of investments which lists all the individual securities owned by the City with the book and market values. Book value is the actual price paid for the investment. Market value is the amount that the investment is worth if sold in the open market. The market value (which fluctuates daily) that is used in the report is as of the last working day of the month. Attachment 2 reflects the monthly investment transactions for the month of December 2025. Attachment 3 lists the certificates of deposit. Attachment 4 lists the municipal securities. Attachment 5 lists the corporate securities.

Attachment 6 is a graph of Treasury rates on December 31, 2025.

The investment of the City’s funds is performed in accordance with the adopted Investment Policy.

Funds are invested with the following objectives in mind:

1. Assets are invested in adherence with the safeguards and diversity of a prudent investor.

2. The portfolio is invested in a manner consistent with the primary emphasis on preservation of the principal, while attaining a high rate of return consistent with this guideline. Trading of

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securities for the sole purpose of realizing trading profits is prohibited.

3. Sufficient liquidity is maintained to provide a source for anticipated financial obligations as they become due.

4. Investments may be made, consistent with the Investment Policy Guidelines, in fixed income securities maturing in three years or less and can be extended to five years with the City Manager’s approval.

The Finance Department invests the City’s assets with an expectation of achieving a total rate of return at a level that exceeds the annualized rate of return on short-term government guaranteed or insured obligations (90-day Treasury bills) and to assure that the principal is preserved with minimal risk of depreciation or loss. In periods of rising interest rates, the City of Clovis portfolio return may be less than that of the annualized 90-day Treasury bill. In periods of decreasing interest rates, the City of Clovis portfolio return may be greater than the annualized 90-day Treasury bill. The current 90-day Treasury bill rate (annualized) is 4.19%. The rate of return for the City of Clovis portfolio is

3.75%. The goal for the City of Clovis investment return is 120% of the 90-day Treasury bill rate. The current rate of return is 90% of the Treasury bill rate.

The Finance Department began investing in corporate securities in February 2024 to provide additional diversification and yield to the portfolio. To date, 40 corporate securities have been purchased at a net book value of $83,003,218 as of December 31, 2025. Their average yield is

4.01%, which is roughly 31 basis points higher than current yields on 5-year Treasury bonds.

In accordance with the Investment Policy, the investment period for each investment is up to three years and can be extended to five years with the City Manager’s approval. As of December 2025, the average investment life of the City’s investment portfolio is 1.76 years.

Current Investment Environment and Philosophy

During the month of December 2025, the federal funds rate target range was 3.50%-3.75%. On December 31, 2025, the Treasury yield curve decreased from 3-month to 3-year notes and increased from 3-year to 10-year notes.

Certificates of Deposit (CD’s)

The City purchases both negotiable and non-negotiable Certificates of Deposit (CD’s). Although negotiable CD’s can be traded, it is the City’s policy to buy and hold all CD’s. Negotiable CDs are held by U.S. Bank, a third-party custodian. Non-negotiable CDs are held in the City’s safe.

Purchases and Maturities

• 0 government securities were purchased.
• 0 government securities matured.
• 3 certificates of deposit were purchased.
• 5 certificates of deposit totaling $1,250,000 matured. • 1 municipal security was purchased.
• 0 municipal securities were called or matured.
• 0 corporate securities were purchased.
• 0 corporate securities were called or matured.

Market Environment

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• During December, the federal funds target rate range was 3.50%-3.75%. • On December 31st, the yield curve decreased from 3-month to 3-year notes and increased from 3- year to 10-year notes. See Attachment 6, Graph of Treasury Rates on December 31, 2025.

Background:

State law (Government Code Section 53646(b)) requires that the City Treasurer provide quarterly reports on their investment activities to their governing body.

Fiscal Impact:

None.

Reason for Recommendation:

The Finance report is for information only and no action is required.

Actions Following Approval:

Staff will file the report.

Conflict of Interest:

None.

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STATED

DAYS TO

MATURITY

NET BOOK MARKET YIELD TO INTEREST INVEST MATURIT Y FROM COST VALUE VALUE * MATURIT Y RATE DATE DATE 12/31/2025

GOV'T SECURITIES
FHLB 4,963,000 4,999,039 4,982,850 0.750% 0.580% 09/08/21 02/11/26 42 FHLB 3,922,000 3,997,198 3,982,920 1.229% 0.750% 12/16/21 02/24/26 55 FHLB 2,751,000 2,981,957 2,982,660 3.916% 0.790% 05/17/23 03/16/26 75 FFCB 4,967,500 4,995,134 4,904,200 1.075% 0.940% 10/14/21 09/28/26 271 FHLB 3,649,200 3,933,255 3,921,400 3.342% 1.150% 06/29/22 10/28/26 301 FHLB 5,988,000 5,997,845 5,877,000 1.291% 1.250% 11/24/21 11/24/26 328 FHLB 5,127,757 5,024,680 4,935,100 1.580% 2.125% 01/20/22 12/11/26 345 FHLB 4,043,250 4,387,222 4,344,375 3.397% 1.020% 06/29/22 02/24/27 420 FHLB 4,550,000 4,885,593 4,888,865 3.173% 1.020% 08/17/22 02/24/27 420 FHLB 3,695,200 3,928,263 4,012,505 2.564% 0.900% 03/31/22 02/26/27 422 FHLB 6,072,400 6,595,165 6,593,834 3.737% 0.900% 01/19/23 02/26/27 422 FHLB 5,247,000 5,783,980 5,697,557 4.329% 0.900% 02/16/23 02/26/27 422 FHLB 5,050,770 5,521,514 5,534,700 3.971% 1.000% 12/14/22 02/26/27 422 FHLB 4,000,000 4,000,000 3,945,320 2.375% 2.375% 03/08/22 03/08/27 432 FFCB 5,160,000 5,633,990 5,667,240 3.996% 0.830% 03/23/23 02/22/28 783 FHLB 355,160 376,504 379,476 4.123% 1.125% 01/18/24 02/25/28 786 FFCB 2,123,750 2,315,828 2,367,250 4.812% 1.000% 09/27/23 03/02/28 792 FHLB 1,893,209 2,069,653 2,121,727 5.018% 1.000% 10/18/23 03/10/28 800 FHLB 3,124,500 3,056,591 3,062,730 3.553% 4.500% 05/17/23 03/10/28 800 FFCB 626,780 661,038 667,611 4.121% 1.370% 01/18/04 03/22/28 812 FFCB 6,102,000 6,047,257 6,048,120 3.501% 3.875% 04/26/23 04/25/28 846 FFCB 5,354,250 5,430,564 5,478,000 4.349% 3.740% 06/14/23 04/27/28 848 FFCB 2,641,500 2,801,073 2,827,920 4.130% 1.230% 12/20/23 07/13/28 925 FHLMC 853,500 919,835 939,190 4.601% 1.100% 11/15/23 07/27/28 939 FNMA 848,800 917,223 936,180 4.613% 1.000% 11/15/23 07/28/28 940 FHLB 882,500 934,120 942,950 4.117% 1.300% 12/20/23 08/04/28 947 FHLB 2,981,700 2,989,943 3,088,380 4.892% 4.750% 10/18/23 09/08/28 982 FHLMC 842,300 910,374 930,360 4.614% 1.000% 11/15/23 10/19/28 1,023 FFCB 1,799,000 1,813,372 1,802,520 3.764% 1.450% 08/28/25 06/01/30 1,613 SECURITIES TOTAL 99,616,025$ 103,908,209 $ 103,862,940 $ LAIF 61,258,856$ 61,258,856 $
Municipal Issuance 69,360,776$ 69,545,310 $
Corporate Securities 83,033,218$ 84,240,330 $
Sweep Account (Union Bank) 30,676,534$ 30,676,534 $ TOTAL CD'S 23,250,000$ 23,403,180 $
TOTAL INVESTMENTS 371,487,593$ 372,987,150 $
* Market values for securities obtained from US Bank.

City of Clovis
Distribution of Investments
As of December 31, 2025
ATTACHMENT 1

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Activity Maturity
Institution Description Activit y Amount Market Value Rate Date Date California St Tax Var Mun Iss. Purchase 1,750,000 1,904,000 6.000% 12/19/25 03/01/30 Ally Bank CD Purchase 250,000 250,000 3.750% 12/04/25 12/04/28 Newtek Bk Natl Assn CD Purchase 250,000 250,000 3.600% 12/05/25 12/05/28 Texas Exchange Bk CD Purchase 250,000 250,000 3.650% 12/19/25 12/21/28 Alliant Cr Un CD Maturity 250,000 250,000 5.100% 12/30/25 12/30/25 Austin Telco Fed CD Maturity 250,000 250,000 4.950% 12/16/25 12/16/25 Community Bk Topeka CD Maturity 250,000 250,000 4.300% 12/15/25 12/15/25 First Tech Fed CD Maturity 250,000 250,000 5.150% 12/30/25 12/30/25 Morgan Stanley Private CD Maturity 250,000 250,000 4.750% 12/09/25 12/09/25

PORTFOLIO DATA
Current Month (12/25)
Book Market
CD'S 23,250,000 $ 23,403,180 $
Gov't Securities* 103,908,209 103,862,940
Municipal Securities 69,360,776 69,545,310
Corporate Securities 83,033,218 84,240,330
LAIF 61,258,856 61,258,856
Sweep Account (Union Bank) 30,676,534 30,676,534
TOTAL 371,487,593 $ 372,987,150 $
Prior Month (11/25)
Three Months Previous (09/25)
Book Market Book Market
CD'S 23,750,000 $ 23,911,528 $ CD'S 26,500,000 $ 26,704,488 $ Gov't Securities* 103,776,660 103,617,394 Gov't Securities* 104,463,132 104,078,512 Municipal Securities 67,375,610 67,586,036 Municipal Securities 61,534,541 61,651,440 Corporate Securities 83,003,116 84,411,180 Corporate Securities 80,667,249 81,819,219 LAIF 61,258,856 61,258,856 LAIF 60,596,907 60,596,907
Sweep Account (Union Bank) 25,127,640 25,127,640 Sweep Account (Union Bank) 33,825,743 33,825,743 TOTAL 364,291,882 $ 365,912,634 $ TOTAL $367,587,572 368,676,309 $ Six Months Previous (06/25)
One Year Previous (12/24)
Book Market Book Market
CD'S 28,000,000 $ 28,151,018 $ CD'S 32,000,000 $ 32,184,800 $ Gov't Securities* 119,242,114 118,384,399 Gov't Securities* 130,438,202 127,893,330 Municipal Securities 60,084,332 59,995,964 Municipal Securities 57,478,100 56,825,390 Corporate Securities 70,073,902 71,006,745 Corporate Securities 42,697,671 42,478,960 LAIF 59,940,157 59,940,157 LAIF 48,646,660 48,646,660
Sweep Account (Union Bank) 35,184,563 35,184,563 Sweep Account (Union Bank) 22,934,861 22,934,861 TOTAL $372,525,068 372,662,846 $ TOTAL 334,195,494 $ 330,964,001 $ *Adjusted Quarterly for Premium/Discount Amortization
As of December 31, 2025
Monthly Investment Transactions
City of Clovis
ATTACHMENT 2

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MARKET INTEREST INVEST MATURITY MATURITY FROM INTEREST
Negotiable CDs COST PRICE RATE DATE DATE 12/31/25 FREQUENCY Liberty First Cr Un 250,000 250,090.00 4.550% 01/17/23 01/19/26 19 QUARTERLY Capital Educators Fed Cr 250,000 250,105.00 4.550% 01/19/23 01/20/26 20 QUARTERLY City Natl Bank 250,000 250,092.50 4.350% 01/25/23 01/26/26 26 QUARTERLY Manufacturers Traders 250,000 250,095.00 4.250% 01/31/23 02/02/26 33 QUARTERLY Coastlife Cr Un 250,000 250,220.00 4.650% 02/13/23 02/13/26 44 QUARTERLY Achieve Finl Cr Un 250,000 250,245.00 4.650% 02/17/23 02/17/26 48 QUARTERLY California Cr Un Glendale 250,000 250,122.50 4.500% 02/23/23 02/23/26 54 QUARTERLY Truliant Fed Cr Un 250,000 250,315.00 4.600% 02/28/23 02/27/26 58 QUARTERLY Pioneer Fed Cr Un Mtn Home 250,000 250,327.50 4.600% 02/28/23 03/02/26 61 QUARTERLY Tradition Cap Bankk 250,000 250,295.00 4.600% 03/03/23 03/03/26 62 MONTHLY Alaska Fed Cr 250,000 250,355.00 4.650% 03/05/23 03/09/26 68 MONTHLY Mid Carolina Credit 250,000 250,565.00 4.600% 03/13/23 03/13/26 72 MONTHLY Blue Ridge Bank 250,000 250,567.50 4.500% 03/16/23 03/16/26 75 MONTHLY Northwest Bank 250,000 250,602.50 4.600% 03/17/23 03/17/26 76 MONTHLY Valleystar Credit Union 250,000 250,627.50 4.600% 03/20/23 03/20/26 79 MONTHLY First Community Bank 250,000 250,630.00 4.500% 03/22/23 03/23/26 82 MONTHLY Technology Credit Union 250,000 250,672.50 4.650% 03/23/23 03/23/26 82 MONTHLY Cibc Bank 250,000 250,605.00 4.650% 03/24/23 03/24/26 83 MONTHLY Signature Bank 250,000 250,660.00 4.500% 03/24/23 03/24/26 83 MONTHLY Point West Credit Union 250,000 250,847.50 5.000% 04/12/23 04/13/26 103 MONTHLY Flagstar Bank 250,000 250,947.50 4.650% 03/30/23 04/24/26 114 MONTHLY Utah Cmnty Credit Union 250,000 250,685.00 4.600% 04/26/23 04/27/26 117 MONTHLY Cross River Bank 250,000 250,852.50 4.650% 05/19/23 05/19/26 139 MONTHLY Raiz FCU 250,000 251,080.00 4.650% 05/24/23 05/26/26 146 MONTHLY Usalliance FCU 250,000 250,977.50 4.700% 05/26/23 05/26/26 146 MONTHLY Chartway Fed Cr Un 250,000 251,312.50 4.900% 06/09/23 06/09/26 160 MONTHLY Customers Bank 250,000 251,177.50 4.700% 06/14/23 06/15/26 166 MONTHLY Lafayette Fed Cr Un 250,000 251,467.50 4.950% 12/13/23 06/15/26 166 QUARTERLY Latino Cmnty Cr Un 250,000 251,562.50 4.900% 06/27/23 06/29/26 180 MONTHLY Leaders Cr Un 250,000 251,660.00 5.000% 06/30/23 06/30/26 181 MONTHLY Farmers Insurance 250,000 251,875.00 5.000% 07/21/23 07/21/26 202 MONTHLY Maine Svgs FCU 250,000 251,875.00 5.000% 07/21/23 07/21/26 202 MONTHLY Popular Bank New York 250,000 252,162.50 4.850% 09/06/23 09/04/26 247 QUARTERLY Freedom Northwest Cr Un 250,000 253,132.50 5.350% 09/19/23 09/18/26 261 QUARTERLY Amex National Bank 250,000 252,607.50 5.000% 09/20/23 09/21/26 264 QUARTERLY First Gty Bank 250,000 252,922.50 5.100% 10/13/23 10/13/26 286 MONTHLY Bridgewater Bank 250,000 253,122.50 5.100% 11/03/23 11/03/26 307 MONTHLY Taylorsville Svgs Bk 250,000 253,122. 50 5.100% 11/03/23 11/03/26 307 MONTHLY Mountain Comm Bk 250,000 252,172.50 4.500% 12/20/23 12/21/26 355 QUARTERLY American Bk Freedom 250,000 252,135.00 4.500% 12/22/23 12/22/26 356 QUARTERLY Rockland Fed Cr Un 250,000 252,417.50 4.600% 12/22/23 12/22/26 356 QUARTERLY Hughes Fed Cr Un 250,000 252,167.50 4.400% 01/29/24 01/29/27 394 QUARTERLY MVB Bk Inc Fairmont 250,000 251,770.00 4.250% 01/31/24 01/29/27 394 QUARTERLY Farmers & Merchants Tr Co 250,000 251,515.00 4.150% 01/30/24 02/01/27 397 QUARTERLY Oregon Cmnty Cr Un 250,000 251,887.50 4.300% 02/09/24 02/09/27 405 MONTHLY Valley Natl Bk 250,000 252,380.00 4.450% 02/21/24 02/22/27 418 MONTHLY CFBank Fairlawn 250,000 252,417.50 4.450% 03/05/24 03/05/27 429 QUARTERLY Haven Svgs Bk 250,000 252,572.50 4.500% 03/06/24 03/08/27 432 QUARTERLY Univest Natl Bk 250,000 252,847.50 4.600% 03/13/24 03/15/27 439 QUARTERLY First Natl Bk 250,000 252,930.00 4.600% 03/19/24 03/19/27 443 QUARTERLY Nicolet Natl Bk 250,000 252,945.00 4.600% 03/22/24 03/22/27 446 QUARTERLY People Bank Co 250,000 253,657.50 4.650% 03/30/23 03/30/27 454 MONTHLY United FID Bank FSB 250,000 253,055.00 4.600% 04/12/24 04/12/27 467 QUARTERLY Maine Cmnty Bk 250,000 253,582.50 4.700% 05/15/24 05/17/27 502 QUARTERLY Fahey Banking Co 250,000 253,605.00 4.700% 05/21/24 05/21/27 506 QUARTERLY Crown Bank Edina 250,000 253,452.50 4.650% 05/23/24 05/24/27 509 QUARTERLY Gilmer Natl Bk 250,000 253,872.50 4.750% 06/07/24 06/07/27 523 QUARTERLY First Fndtn Bk 250,000 254,447.50 4.900% 06/13/24 06/14/27 530 QUARTERLY Empower Fed Cr Un 250,000 254,545.00 4.900% 06/26/24 06/28/27 544 QUARTERLY Optum Bk Draper 250,000 253,802.50 4.700% 07/10/24 07/12/27 558 QUARTERLY Generations Cmnty Fed Cr Un 250,000 251,367.50 4.000% 08/21/24 08/23/27 600 QUARTERLY National Bk Superior 250,000 249,237.50 3.500% 10/08/24 10/08/27 646 QUARTERLY True Sky Cr Un 250,000 251,867.50 4.100% 11/06/24 11/08/27 677 QUARTERLY Workers Cr Un 250,000 251,857.50 4.100% 11/22/24 11/22/27 691 QUARTERLY Morgan Stanley Bk 250,000 251,437.50 4.000% 01/15/25 01/18/28 748 QUARTERLY Carroll County 250,000 254,227.50 4.650% 03/30/23 03/30/28 820 MONTHLY Discover Bank 250,000 253,447.50 4.350% 04/26/23 04/24/28 845 MONTHLY City of Clovis
Certificates of Deposit
As of December 31, 2025
ATTACHMENT 3

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MARKET INTEREST INVEST MATURITY MATURITY FROM INTEREST
Negotiable CDs COST PRICE RATE DATE DATE 12/31/25 FREQUENCY City of Clovis
Certificates of Deposit
As of December 31, 2025
TTCU Fed Cr Un 250,000 257,645.00 5.000% 07/26/23 07/26/28 938 MONTHLY Goldman Sachs Bk 250,000 250,560.00 3.850% 08/05/25 08/07/28 950 QUARTERLY Adams Cmnty Bk 250,000 250,510.00 3.850% 08/08/25 08/08/28 951 QUARTERLY American Eagle Bk 250,000 250,292.50 3.800% 08/08/25 08/08/28 951 QUARTERLY BMW Bk NA 250,000 250,505.00 3.850% 08/15/25 08/15/28 958 QUARTERLY Financial Plus Cr Un 250,000 250,620.00 3.850% 08/15/25 08/15/28 958 QUARTERLY Connexus Cr Un 250,000 251,560.00 4.000% 08/19/25 08/21/28 964 QUARTERLY Fisher Natl Bk 250,000 250,292.50 4.050% 08/28/25 08/28/28 971 QUARTERLY Luana Svgs Bk 250,000 249,915.00 3.750% 08/27/25 08/28/28 971 QUARTERLY First Natl Bk 250,000 249,955.00 3.750% 08/29/25 08/29/28 972 QUARTERLY State Bk India 250,000 248,965.00 3.600% 09/15/25 09/15/28 989 QUARTERLY BNY Mellon NA 250,000 248,727.50 3.550% 09/17/25 09/18/28 992 QUARTERLY Civic Fed Cr Un 250,000 249,265.00 3.650% 09/26/25 09/26/28 1,000 QUARTERLY United Bankers 250,000 248,210.00 3.500% 10/31/25 10/31/28 1,035 MONTHLY Covantage Cr Un 250,000 248,815.00 3.600% 11/06/25 11/06/28 1,041 QUARTERLY Wells Fargo Natl Bk 250,000 258,662.50 5.050% 11/14/23 11/14/28 1,049 MONTHLY Consumers Fed Cr Un 250,000 258,372.50 5.000% 11/16/23 11/16/28 1,051 MONTHLY San Francisco Fed Cr Un 250,000 253,252.50 4.250% 11/27/24 11/27/28 1,062 QUARTERLY Ally Bank 250,000 249,775.00 3.750% 12/04/25 12/04/28 1,069 QUARTERLY Newtek Bk Natl Assn 250,000 248,767.50 3.600% 12/05/25 12/05/28 1,070 QUARTERLY Texas Exchange Bk 250,000 249,077.50 3.650% 12/19/25 12/21/28 1,086 QUARTERLY Amerasia Bk 250,000 251,542.50 4.000% 02/15/24 02/15/29 1,142 MONTHLY Merrick Bk South 250,000 251,970.00 4.050% 12/20/24 06/11/29 1,258 QUARTERLY USF Fed Cr Un 250,000 254,515.00 4.350% 07/30/24 07/30/29 1,307 QUARTERLY Sallie Mae Bk 250,000 253,950.00 4.300% 07/31/24 07/31/29 1,308 QUARTERLY Hope Fed Cr Un 250,000 249,255.00 3.650% 09/29/25 09/29/29 1,368 QUARTERLY Negotiable CD TOTAL 23,250,000$ 23,403,180$
CD TOTAL 23,250,000$ 23,403,180$

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NET BOOK MARKET INTEREST INVEST MATURITY MATURITY FROM INTEREST Municipal Securities VALUE PRICE RATE DATE DATE 12/31/25 FREQUENCY Los Angeles CA USD Ref Bond 1,001,077 989,470 1.455% 11/15/21 07/01/26 182 QUARTERLY Chabot Las Positas Cmnty Clg CA 3,465,788 3,450,708 1.080% 07/27/22 08/01/26 213 QUARTERLY Chaffey CA High School Ref Bond 1,555,958 1,555,297 2.475% 06/30/22 08/01/26 213 QUARTERLY Huntington Beach HS Dist Ref Bond 3,273,582 3,257,871 1.208% 04/29/22 08/01/26 213 QUARTERLY Placentia Yorba USD Ref Bond 1,098,543 1,092,995 1.070% 05/31/22 08/01/26 213 QUARTERLY San Diego CA Cmnty Ref Bond 467,908 466,616 2.299% 04/29/22 08/01/26 213 QUARTERLY San Ramon Valley CA USD Ref Bond 2,125,000 2,095,165 1.147% 11/03/21 08/01/26 213 QUARTERLY Sonoma Cnty Jr College Ref Bond 1,988,131 1,986,140 2.447% 06/30/22 08/01/26 213 QUARTERLY San Diego CA Pub Facs Ref Bond 1,605,959 1,602,023 1.812% 08/18/22 10/15/26 288 QUARTERLY CA ST Univ Rev Ref Bond 2,436,599 2,449,900 1.142% 02/17/23 11/01/26 305 QUARTERLY El Dorado CA Irr Dist Ref Bond 1,153,167 1,148,046 1.687% 08/18/22 03/01/27 425 QUARTERLY Rancho Santiago Cmnty Clg 321,709 321,429 1.106% 11/17/22 03/01/27 425 QUARTERLY University Gen Rev Bond 2,290,669 2,308,322 1.316% 10/13/22 05/15/27 500 QUARTERLY El Monte Ca Ref Bond 576,340 580,332 1.326% 03/24/23 06/01/27 517 QUARTERLY Los Angeles CA Dept Wtr Ref Bond 2,041,195 2,029,100 5.516% 04/27/23 07/01/27 547 QUARTERLY Colton CA Jt Uni Sch 1,016,207 1,026,430 1.603% 11/17/22 08/01/27 578 QUARTERLY Contra Costa Ref Bond 858,295 860,948 2.163% 09/15/22 08/01/27 578 QUARTERLY Corona Norco Ref Bond 240,216 244,835 2.297% 09/28/23 08/01/27 578 QUARTERLY Foothill De Anza CCD 518,035 523,438 1.473% 12/15/22 08/01/27 578 QUARTERLY Fremont CA Uni Sch Dist 1,046,560 1,056,968 1.113% 11/17/22 08/01/27 578 QUARTERLY Fremont CA USD Ref Bond 1,122,794 1,110,782 2.000% 05/31/22 08/01/27 578 QUARTERLY Marin CA Cmnty Clg Dist 328,990 333,955 3.330% 11/17/22 08/01/27 578 QUARTERLY Mount San Antonio Cmnty Clg 270,790 274,387 1.139% 11/17/22 08/01/27 578 QUARTERLY Mount San Antonio Ref Bond 392,094 397,256 2.329% 10/13/22 08/01/27 578 QUARTERLY Saddleback VY Uni Ref Bond 2,960,043 2,943,630 2.400% 08/10/22 08/01/27 578 QUARTERLY San Diego CA Com CD 574,270 579,864 2.407% 12/15/22 08/01/27 578 QUARTERLY San Ramon Valley Ref Bond 1,384,983 1,389,410 3.415% 09/15/22 08/01/27 578 QUARTERLY Santa Monica Cmnty Clg Ref Bond 993,412 995,590 3.050% 09/15/22 08/01/27 578 QUARTERLY Sierra CA Cmnty Clg Dist 442,645 447,609 1.129% 11/17/22 08/01/27 578 QUARTERLY William Hart CA Un High 190,243 192,658 1.174% 11/17/22 08/01/27 578 QUARTERLY San Jose CA Txble Ser B 883,750 895,313 2.600% 10/13/22 09/01/27 609 QUARTERLY Soquel Creek Cnty Ref Bond 515,826 519,456 1.445% 05/18/23 03/01/28 791 QUARTERLY Gardena Calif Pension Oblig 948,238 970,910 2.663% 10/19/23 04/01/28 822 QUARTERLY Beverly Hills Ref Bond 595,921 602,539 1.514% 06/15/23 06/01/28 883 QUARTERLY California Health FACS 734,719 754,414 3.378% 11/16/23 06/01/28 883 QUARTERLY Alameda Cnty Calif 528,487 538,364 3.519% 03/21/24 08/01/28 944 QUARTERLY Desert CA Cmnty College 947,220 961,030 2.023% 01/19/24 08/01/28 944 QUARTERLY Long Beach Calif Cmnty 693,253 704,530 2.337% 03/21/24 08/01/28 944 QUARTERLY Redondo Beach Ref Bond 619,889 635,742 1.430% 09/28/23 08/01/28 944 QUARTERLY San Ramon Valley CA Uni 1,700,720 1,733,823 1.670% 07/13/23 08/01/28 944 QUARTERLY Santa Ana College Impt 1,388,130 1,410,495 1.320% 07/13/23 08/01/28 944 QUARTERLY Santa Clarita CA Cmnty 936,517 948,610 1.563% 01/19/24 08/01/28 944 QUARTERLY William Hart CA High 932,772 945,340 1.429% 12/21/23 08/01/28 944 QUARTERLY Yosemite Calif Cmnty Clg 712,814 724,380 2.210% 12/21/23 08/01/28 944 QUARTERLY University Calif 1,405,788 1,399,530 1.697% 11/20/25 05/15/29 1,231 QUARTERLY Los Angeles Calif Cmnty 1,026,222 1,042,118 5.520% 02/13/25 08/01/29 1,309 QUARTERLY Riverside Calif Cmnty 1,838,765 1,867,820 1.785% 03/27/25 08/01/29 1,309 QUARTERLY Berkeley Calif Jt Pwrs 3,032,236 3,049,890 4.375% 07/24/25 10/01/29 1,370 QUARTERLY California St Tax Var 1,902,795 1,892,818 6.000% 12/19/25 03/01/30 1,521 QUARTERLY Santa Clara VY 731,139 729,336 1.622% 09/26/25 04/01/30 1,552 QUARTERLY University CA 2,731,171 2,725,350 1.614% 09/26/25 05/15/30 1,596 QUARTERLY Marin CA Cmnty Clg 453,422 454,170 1.610% 09/26/25 08/01/30 1,674 QUARTERLY California ST 5,243,840 5,221,000 4.875% 09/02/25 09/01/30 1,705 QUARTERLY Imperial Calif Irr Dist 1,115,943 1,107,161 4.160% 10/31/25 11/01/30 1,766 QUARTERLY Mun. Securities TOTAL 69,360,776$ 69,545,310 $
Municipal Securities TOTAL 69,360,776$ 69,545,310 $
City of Clovis
Municipal Securities
As of December 31, 2025
ATTACHMENT 4

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NET BOOK MARKET INTEREST INVEST MATURITY MATURITY FROM INTEREST Corporate Securities VALUE PRICE RATE DATE DATE 12/31/25 FREQUENCY Duke Energy Carolinas 1,968,876 2,004,980 3.950% 02/16/24 11/15/28 1,050 QUARTERLY Toyota MTR Cr Corp 1,995,066 2,036,360 4.650% 02/16/24 01/05/29 1,101 QUARTERLY Procter & Gamble Co 1,996,642 2,037,340 4.350% 02/16/24 01/29/29 1,125 QUARTERLY Air Products and Chemicals Inc 1,994,988 2,035,100 4.600% 07/29/24 02/08/29 1,135 QUARTERLY Texas Instrument Inc 2,006,172 2,043,140 4.600% 05/24/24 02/08/29 1,135 QUARTERLY Cummins Inc 2,020,642 2,052,720 4.900% 07/29/24 02/20/29 1,147 QUARTERLY Bristol-Myers Squibb Co 2,002,649 2,056,120 4.900% 05/24/24 02/22/29 1,149 QUARTERLY AstraZeneca Finance LLC 1,988,301 2,053,440 4.850% 04/19/24 02/26/29 1,153 QUARTERLY Cisco Sys Inc 2,012,790 2,052,820 4.850% 03/21/24 02/26/29 1,153 QUARTERLY Caterpillar Finl 2, 013,481 2,055,020 4.850% 06/21/24 02/27/29 1,154 QUARTERLY Merck Co Inc 1,934,589 1,968,140 3.400% 03/21/24 03/07/29 1,162 QUARTERLY Blackrock Funding Inc 2,006,427 2,044,440 4.700% 03/21/24 03/14/29 1,169 QUARTERLY Adobe Inc 2,006,968 2,051,000 4.800% 05/24/24 04/04/29 1,190 QUARTERLY Home Depot Inc 1,994,727 2,057,680 4.900% 04/19/24 04/15/29 1,201 QUARTERLY Midamerican Energy Co 1,462,670 1,482,210 3.650% 11/20/24 04/15/29 1,201 QUARTERLY United Health Group 1,980,225 2,039,300 4.700% 04/19/24 04/15/29 1,201 QUARTERLY Glaxosmithkline Capital 1,923,987 1,962,280 3.375% 06/21/24 06/01/29 1,248 QUARTERLY John Deere Capital 2,009,005 2,055,140 4.850% 06/21/24 06/11/29 1,258 QUARTERLY Citibank NA 2,030,943 2,046,520 4.838% 08/15/24 08/06/29 1,314 QUARTERLY Honeywell Intl Inc 2,067,000 2,054,600 4.875% 09/27/24 09/01/29 1,340 QUARTERLY Unilever Capital Corp 1,384,781 1,409,280 2.125% 11/20/24 09/06/29 1,345 QUARTERLY Paccar Financial Corp 1,966,306 2,002,620 4.000% 12/19/24 09/26/29 1,365 QUARTERLY State Street Corp 1,835,548 1,884,080 2.400% 02/13/25 01/24/30 1,485 QUARTERLY Pepsico Inc 2,987,645 3,068,430 4.600% 02/13/25 02/07/30 1,499 QUARTERLY Eli Lilly & Co 3, 000,000 3,084,840 4.750% 02/13/25 02/12/30 1,504 QUARTERLY Target Corp 1,847,275 1,870,840 2.350% 03/27/25 02/15/30 1,507 QUARTERLY Hershey Co 2,021,959 2,054,180 4.750% 03/27/25 02/24/30 1,516 QUARTERLY Johnson & Johnson 2,029,532 2,060,900 4.700% 03/27/25 03/01/30 1,521 QUARTERLY President & Fellow 2,548,318 2,578,375 4.887% 04/23/25 03/15/30 1,535 QUARTERLY Kimberly Clark Corp 2,392,456 2,406,500 3.100% 05/30/25 03/26/30 1,546 QUARTERLY Mastercard Inc 1,916,982 1,952,980 3.350% 03/27/25 03/26/30 1,546 QUARTERLY Nike Inc 2,368,303 2,384,525 2.850% 05/30/25 03/27/30 1,547 QUARTERLY Gen Dynamics Corp 2,429,025 2,453,675 3.625% 04/23/25 04/01/30 1,552 QUARTERLY Costco Whsl Corp 2,035,814 1,811,580 1.600% 08/28/25 04/20/30 1,571 QUARTERLY Pfizer Investment Enterprise 2,011,313 2,039,500 4.650% 06/27/25 05/19/30 1,600 QUARTERLY Applied Materials Inc 1,821,410 2,261,475 1.750% 10/16/25 06/01/30 1,613 QUARTERLY Dartmouth College 2,017,680 2,017,600 4.273% 07/29/25 06/01/30 1,613 QUARTERLY Trustees Princeton Univ 2,054,828 2,046,560 4.146% 08/28/25 07/01/30 1,643 QUARTERLY Stanford Univ 2,288,706 2,010,840 4.647% 08/28/25 08/01/30 1,674 QUARTERLY Auto Data Process 2,659,189 2,653,200 1.250% 09/26/25 09/01/30 1,705 QUARTERLY Corp. Securities TOTAL 83,033,218$ 84,240,330 $
Corporate Securities TOTAL 83,033,218$ 84,240,330 $
City of Clovis
Corporate Securities
As of December 31, 2025
ATTACHMENT 5

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Treasury Rates as of December 31, 2025
3 month Treasury bill 3.67
6 month Treasury bill 3.59
2 Yr Treasury note 3.47
3 Yr Treasury note 3.55
5 Yr Treasury note 3.73
10 Yr Treasury note 4.18

CITY OF CLOVIS

FINANCE DEPARTMENT
DECEMBER 31, 2025 TREASURY RATES
As indicated in the above graph, treasuries decreased from 3-month to 3-year notes, and increased from 3-year to 10-year notes.
0 1
2 3
4 5
6 3 month
Treasury bill
6 month
Treasury bill
2 Yr Treasury
note
3 Yr Treasury
note
5 Yr Treasury
note
10 Yr
Treasury note

INTEREST RATES

TREASURIES
TREASURY RATES ON DECEMBER 31, 2025
ATTACHMENT 6

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Report to the City Council

To: City Council
From: Finance Department
Date: May 18, 2026
Staff: Angela Papazian, Deputy Finance Director
Subject: Finance – Receive and File – Treasurer's Report for the Month of December, 2025.

Recommendation: Receive and File
Attachments:

1. Treasurer's Report December ATT 1 Cash Balances

2. Treasurer's Report December ATT 2 Inv Activity

3. Treasurer's Report December ATT 3 Orig Maturities

Recommendation:

Staff recommends that the City Council receive and file the Treasurer’s Report for the Month of December 2025.

Executive Summary:

Attached for the Council’s information is the Treasurer’s Report for the month ended December 31, 2025.

Pursuant to Section 41004 of the Government Code of the State of California, the City Treasurer is required to submit a monthly report of all receipts, disbursements, and fund balances. Attachment 1 provides a summary of the beginning balance, total receipts, total disbursements, ending balance for all funds, and a listing, by fund, of all month-end fund balances. Attachment 2 summarizes the investment activity for the month and distribution, by type of investment, held by the City. Attachment 3 lists all investments with original maturities exceeding one year as of the month ended December 31, 2025.

Background:

State law (Government Code Section 53646(b)) requires that the City Treasurer provide quarterly reports on their investment activities to their governing body.

Fiscal Impact:

None.

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Reason for Recommendation:

The Finance report is for information only and no action is required.

Actions Following Approval:

Staff will file the report.

Conflict of Interest:

None.

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Previous Balance 5,862,357.93$
Deposits 42,057,566.23
Disbursements (43,070,894.55)
Current Balance 4,849,029.61$

FUNDS BALANCE
100 General Fund (6,697,500.93) $
101 General Fund - Measure Y 15,864,052.05
201 Local Transportation 19,508,260.30
202 Parking and Business Improvements 259,542.43
203 Off Highway Use 78,689.62
204 Community Facilities District 2020-1 434,411.57 205 Senior Citizen Memorial Trust 70,926.84
207 Landscape Assessment District 7,548,808.92
208 Blackhorse III (95-1) Assessment District (14,688.99) 209 Blackhorse III (95-1) Assessment District 2 31,413.73 275 HCD Block Grant Fund 913,280.53
301 Park & Recreation Acquisition 9,276,558.21
304 Affordable Housing 1,150,663.06
305 Refuse Equipment Reserve 3,014,496.99
310 Special Street Deposit Fund 61,753,533.70
314 Housing Successor Agency 443,171.91
402 1976 Fire Bond Redemption 25,446.16
404 1976 Sewer Bond Redemption Fund 455,241.41
501 Community Sanitation Fund 16,388,940.57
502 Sewer Service Fund 39,646,719.81
504 Sewer Capital Projects-Users 857,201.95
506 Sewer Capital Projects-Developer 21,617.88
507 Water Service Fund 49,578,254.61
508 Water Capital Projects-Users 8,131,877.10
509 Water Capital Projects-Developer 13,238,848.91 515 Transit Fund 18,076,339.21
540 Planning & Development Services 16,481,958.35
601 Property & Liability Insurance 1,660,240.42
602 Fleet Maintenance 31,597,103.21
603 Employee Benefit Fund 23,998,335.89
604 General Government Services 26,493,733.50
605 Facilities Maintenance 6,829,927.62
606 Information Technology 6,336,379.35
701 Curb & Gutter Fund 179,724.73
703 Payroll Tax & Withholding Fund 1,794,876.75
712 Temperance/Barstow Assmt Dist (98-1) 84,717.17 713 Shepherd/Temperance Assmt Dist (2000-1) 5,689.95 715 Supp Law Enforcement Serv 251,330.97
716 Asset Forfeiture 695,410.13
720 Measure A-Public Safety Facility Tax 2,163.51
736 SA Admin Trust Fund 1,421.40
741 SA Debt Service Trust Fund (133,635.71)
747 Housing Successor Trust Fund 1,137.98
SUBTOTALS 376,336,622.77$
999 Invested Funds (371,487,593.16)
TOTAL 4,849,029.61$
Statement of Cash Balances
As of December 31, 2025
City of Clovis
ATTACHMENT 1

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Balance of Investments Previous Month End 364,291,881.95 $ Time Certificates of Deposit Transactions
Investments 750,000.00
Withdrawals (1,250,000.00)
Total CD Changes (500,000.00)
Other Changes
Government Securities 2,035,549.00
Local Agency Investment Fund 0.00
Municipal Securities 81,166.00
Corporate Securities 30,102.00
Sweep Account 5,548,894.21
Total Other Changes 7,695,711.21
Balance of Investments Current Month End 371,487,593.16$ Insured CD's 23,250,000.00
Government Securities 103,908,209.10
Corporation Securities 83,033,218.00
Local Agency Investment Fund 61,258,856.38
Municipal Securities 69,360,775.55
Sweep Account 30,676,534.13
Investment Total 371,487,593.16$
For the month of December 31, 2025
City of Clovis
Distribution of Investments
As of December 31, 2025
City of Clovis
Summary of Investment Activity
ATTACHMENT 2

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Investment
Balance At Stated
Institution Face Value Amortized Cost Maturity Rate
FFCB 5,000,000.00 4,999,039.00 2/11/2026 0.580%
FHLB 4,000,000.00 3,997,198.00 2/24/2026 0.750%
FHLB 3,000,000.00 2,981,957.00 3/16/2026 0.790%
FHLB 5,000,000.00 4,995,134.00 9/28/2026 0.940%
FHLB 4,000,000.00 3,933,255.00 10/28/2026 1.150%
FHLB 6,000,000.00 5,997,845.00 11/24/2026 1.250%
FHLB 5,000,000.00 5,024,679.60 12/11/2026 2.125%
FHLB 4,500,000.00 4,387,222.00 2/24/2027 1.020%
FHLB 5,000,000.00 4,885,593.00 2/24/2027 1.020%
FHLB 4,000,000.00 3,928,263.00 2/26/2027 0.900%
FHLB 6,800,000.00 6,595,165.00 2/26/2027 0.900%
FHLB 5,700,000.00 5,783,980.00 2/26/2027 0.900%
FHLB 6,000,000.00 5,521,514.00 2/26/2027 1.000%
FHLB 4,000,000.00 4,000,000.00 3/8/2027 2.375%
FHLB 6,000,000.00 5,633,990.00 2/22/2028 0.830%
FHLB 400,000.00 376,504.00 2/25/2028 1.125%
FFCB 2,500,000.00 2,315,828.00 3/2/2028 1.000%
FHLB 3,000,000.00 2,069,652.50 3/10/2028 4.500%
FFCB 2,245,000.00 3,056,591.00 3/10/2028 1.000%
FFCB 700,000.00 661,038.00 3/22/2028 1.370%
FFCB 6,000,000.00 6,047,257.00 4/25/2028 3.875%
FFCB 5,500,000.00 5,430,564.00 4/27/2028 3.740%
FFCB 3,000,000.00 2,801,073.00 6/22/2028 4.470%
FFCB 1,000,000.00 919,835.00 7/13/2028 1.230%
FHLMC 1,000,000.00 917,223.00 7/27/2028 1.100%
FNMA 1,000,000.00 934,120.00 7/28/2028 1.000%
FHLB 1,000,000.00 2,989,943.00 8/4/2028 1.300%
FFCB 3,000,000.00 910,374.00 9/8/2028 4.750%
FHLMC 1,000,000.00 1,813,372.00 10/19/2028 1.000%
Government Maturities Exceeding One Year
As of December 31, 2025
City of Clovis
ATTACHMENT 3

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Investment
Balance At Stated
Institution Face Value Amortized Cost Maturity Rate
LA CUSD GO Bonds 1,000,000.00 1,001,077.00 7/1/2026 1.455% Chabot Las Positas Comm Coll 3,505,000.00 3,465,788.00 8/1/2026 1.080% Chaffey Joint Union HS 1,565,000.00 1,555,957.50 8/1/2026 2.475% Huntington Beach Union HS 3,305,000.00 3,273,582.00 8/1/2026 1.208% Placentia Yorba Linda USD 1,110,000.00 1,098,543.00 8/1/2026 1.070% San Diego Comm Coll Dist 470,000.00 467,908.00 8/1/2026 2.299% San Ramon Valley CUSD 2,125,000.00 2,125,000.00 8/1/2026 1.147% Sonoma County Jr Coll Dist 2,000,000.00 1,988,131.00 8/1/2026 2.447% San Diego Pub Facilities Dist 1,625,000.00 1,605,959.00 10/15/2026 1.812% California St Univ Taxable 2021B 2,500,000.00 2,436,599.00 11/1/2026 1.142% El Dorado Irrigation Dist 1,175,000.00 1,153,167.00 3/1/2027 1.687% Rancho Santiago CC Ref 2020 335,000.00 321,708.50 3/1/2027 1.106% UC Taxable Gen Bds 2020 B 2,385,000.00 2,290,668.50 5/15/2027 1.316% El Monte HSD Taxable Ref 2021 600,000.00 576,340.00 6/1/2027 1.326% LA Dept Wtr Pwr Rev Bonds 2010C 2,000,000.00 2,041,195.00 7/1/2027 5.516% Colton CA USD Ref Bonds 2020 1,060,000.00 1,016,207.00 8/1/2027 1.603% Contra Costa Comm College Dist 880,000.00 858,295.00 8/1/2027 2.163% Corona Norco USD Ref Bond 2019 250,000.00 240,216.00 8/1/2027 2.297% Foothill De Anza CC Taxable 2021 540,000.00 518,035.00 8/1/2027 1.473% Fremont USD Alameda County 1,100,000.00 1,046,560.00 8/1/2027 1.113% Fremont USD Taxable Ref 2021 1,140,000.00 1,122,794.00 8/1/2027 2.000% Marin County Comm Coll 2016 335,000.00 328,989.80 8/1/2027 3.330% Mount San Antonio CC 2021 285,000.00 270,790.00 8/1/2027 1.139% Mount San Antonio Comm Coll 405,000.00 392,093.75 8/1/2027 2.329% Saddleback Valley USD 3,000,000.00 2,960,043.00 8/1/2027 2.400% San Diego CCD Taxable 2019 590,000.00 574,270.00 8/1/2027 2.407% San Ramon Valley CUSD 1,435,000.00 1,384,983.00 8/1/2027 1.440% Santa Monica Comm College Dist 1,000,000.00 993,412.00 8/1/2027 3.415% Sierra CA CCD 2021A Ref 465,000.00 442,644.50 8/1/2027 1.129% William Hart USD 2020 Ref 200,000.00 190,243.00 8/1/2027 1.174% San Jose Ca Taxable Series B 910,000.00 883,750.00 9/1/2027 2.600% Soquel Creek Wtr Ref 2020 545,000.00 515,825.50 3/1/2028 1.445% Gardena Calif Pension Obligation 1,000,000.00 948,238.00 4/1/2028 2.663% Beverly Hills Taxable Ref 2020B 635,000.00 595,920.50 6/1/2028 1.514% California Health Facs Fing Au 760,000.00 734,719.00 6/1/2028 3.378% Alameda Cnty Calif 540,000.00 528,487.00 8/1/2028 3.519% Desert CA Cmnty College 1,000,000.00 947,220.00 8/1/2028 2.023% Long Beach Calif Cmnty 730,000.00 693,253.00 8/1/2028 2.337% Redondo Beach CA Uni Bond 2018 675,000.00 619,889.00 8/1/2028 1.430% San Ramon Valley CA 1,820,000.00 1,700,720.00 8/1/2028 1.670% Santa Ana College Impt 1,500,000.00 1,388,130.00 8/1/2028 1.320% Santa Clarita Calif Cmnty 1,000,000.00 936,517.00 8/1/2028 1.563% William Hart High 1,000,000.00 932,772.00 8/1/2028 1.429% Yosemite Calif Cmnty College 750,000.00 712,814.00 8/1/2028 2.210% University of California 1,500,000.00 1,026,222.00 5/15/2029 1.697% Los Angeles Community College Dis
t 1,250,000.00 1,405,788.00 8/1/2029 5.520%
Riverside Community College Dist 2,000,000.00 1,838,765.00 8/1/2029 1.785% Berkeley Calif Jt Pwers 3,000,000.00 3,032,236.00 10/1/2029 4.375% State of CA Tax Var 1,750,000.00 1,902,795.00 3/1/2030 6.000% Santa Clara Valley Transport 800,000.00 731,139.00 4/1/2030 1.622% University of California 3,000,000.00 2,731,171.00 5/15/2030 1.614% Marin Community College 500,000.00 453,422.00 8/1/2030 1.610% State of California 2,000,000.00 2,088,753.00 9/1/2030 4.875% State of California 3,000,000.00 3,155,087.00 9/1/2030 4.875% Imperial Irrigation District 1,100,000.00 1,115,943.00 11/1/2030 4.160% As of December 31, 2025
City of Clovis
Municipal Maturities Exceeding One Year

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Investment
Balance At Stated
Institution Face Value Amortized Cost Maturity Rate
Duke Energy Carolinas LLC 2,000,000.00 1,968,876.00 11/15/2028 3.950% Toyota MTR Cr Corp 2,000,000.00 1,995,066.00 1/5/2029 4.350% Procter & Gamble Co 2,000,000.00 1,996,642.00 1/29/2029 4.650% Air Products and Chemicals 2,000,000.00 1,994,988.00 2/8/2029 4.600% Texas Instrument Inc 2,000,000.00 2,006,172.00 2/8/2029 4.600% Cummins Inc 2,000,000.00 2,020,642.00 2/20/2029 4.900%
Bristol-Myers Squibb Co 2,000,000.00 2,002,649.00 2/22/2029 4.900% Astrazeneca Finance LLC 2,000,000.00 1,988,301.00 2/26/2029 4.850% Cisco Sys Inc. 2,000,000.00 2,012,790.00 2/26/2029 4.850% Caterpillar Finl 2,000,000.00 2,013,481.00 2/27/2029 4.850% Merck Co Inc. 2,000,000.00 1,934,589.00 3/7/2029 3.400% Blackrock Fund Inc. 2,000,000.00 2,006,427.00 3/14/2029 4.700% Adobe Inc 2,000,000.00 2,006,968.00 4/4/2029 4.800%
Home Depot Inc. 2,000,000.00 1,994,727.00 4/15/2029 4.900% United Health Group 2,000,000.00 1,980,225.00 4/15/2029 4.700% Midamerican Energy Co 1,500,000.00 1,462,670.00 4/15/2029 3.650% Glaxosmithkline Capital 2,000,000.00 1,923,987.00 6/1/2029 3.375% John Deere Capital 2,000,000.00 2,009,005.00 6/11/2029 4.850% Citibank NA 2,000,000.00 2,030,943.00 8/6/2029 4.838%
Honeywell Intl Inc 2,000,000.00 2,067,000.00 9/1/2029 4.875% Unilever Capital Corp 1,500,000.00 1,384,781.00 9/6/2029 2.125% Paccar Financial Group 2,000,000.00 1,966,306.00 9/26/2029 4.000% State Street Corp 2,000,000.00 1,835,548.00 1/24/2030 2.400% Pepsico Inc 3,000,000.00 2,987,645.00 2/7/2030 4.600%
Eli Lilly & Co 3,000,000.00 3,000,000.00 2/12/2030 4.750% Target Corp 2,000,000.00 1,847,275.00 2/15/2030 2.350%
Hershey Company 2,000,000.00 2,021,959.00 2/24/2030 4.750% Johnson & Johnson 2,000,000.00 2,029,532.00 3/1/2030 4.700% President & Fellow 2,500,000.00 2,548,318.00 3/15/2030 4.887% Kimberly Clark Corp 2,500,000.00 2,392,456.00 3/26/2030 3.100% Mastercard Inc 2,000,000.00 1,916,982.00 3/26/2030 3.350% Nike Inc 2,500,000.00 2,368,303.00 3/27/2030 2.850%
Gen Dynamics Corp 2,500,000.00 2,429,025.00 4/1/2030 3.625% Costco Wholesale Corp 2,000,000.00 2,035,814.00 4/20/2030 1.600% Pfizer Investment Enterprise 2,000,000.00 2,011,313.00 5/19/2030 4.650% Dartmouth College 2,000,000.00 1,821,410.00 6/1/2030 4.273% Applied Materials Inc 2,500,000.00 2,017,680.00 6/1/2030 1.750% Trustees Princeton Univ 2,000,000.00 2,054,828.00 7/1/2030 4.647% Stanford University 2,000,000.00 2,288,706.00 8/1/2030 4.146% Automatic Data Processing 3,000,000.00 2,659,189.00 9/1/2030 1.250% City of Clovis
Corporate Maturities Exceeding One Year
As of December 31, 2025

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Report to the City Council

To: City Council
From: General Services Department
Date: May 18, 2026
Staff: Linda Parry, Senior Management Analyst
Subject: General Services - Approval – Res. 26-___, Approving Amendments to the City’s Internal Revenue Code Section 125 Flexible Benefits Plan.

Recommendation: Approve
Attachments:

1. Flexible Benefits Plan ATT 1 Res. 26-

Recommendation:

For City Council to approve a Resolution approving amendments to the City’s Internal Revenue Code Section 125 Flexible Benefits Plan.

Executive Summary:

The City established an Internal Revenue Code Section 125 plan in 1991, and revised the plan in 2004, 2018, and 2020. The Section 125 plan allows employees the opportunity to pay their share of the health plan premiums on a pre-tax basis. The current revisions to the Section 125 plan reflect updated language regarding benefit eligibility, which is now stated in broader terms. These revisions allow the City to modify benefit eligibility as needed to comply with policy or legislative changes, without requiring amendments to the Section 125 plan each time a new benefit is introduced or changed. Other minor changes in verbiage have been made to align with current policies and procedures.

Background:

The City offers employee benefits on a pre-tax basis. An employer’s benefit plan that offers benefits on a pre-tax basis is referred to as a “Section 125 Plan’ or “Flexible Benefits Plan.” Section 125 of the Internal Revenue Code requires an employer who offers pre-tax benefits to have an approved written Flexible Benefits Plan document that describes all benefits and establishes rules for eligibility and elections. An update to the benefit eligibility language is necessary to give the City flexibility to adjust eligibility as required by legislative or policy changes, without having to amend the Section 125 plan each time a new benefit is introduced or changed. Other minor changes in verbiage have been made to align with current policies and procedures.

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Fiscal Impact:

There is no fiscal impact. The plan already exists and needs to be amended to reflect the verbiage changes.

Reason for Recommendation:

As a result of plan changes that have occurred since 2020, it is necessary for the City to restate its Section 125 Plan to reflect current benefit eligibility. Broader language will allow the City to make changes without requiring amendments to Section 125.

Actions Following Approval:

Personnel staff will revise the City’s IRC Section 125 plan document and distribute a copy of the restated plan document to all enrolled participants.

Conflict of Interest:

None.

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RESOLUTION 26-

RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CLOVIS APPROVING AMENDMENTS TO THE CITY’S INTERNAL REVENUE CODE SECTION 125 FLEXIBLE

BENEFITS PLAN

WHEREAS, the City maintains a plan consistent with the operative rules and regulations for Internal Revenue Code (IRC) Section 125 Flexible Benefit Plans; and

WHEREAS, the modification of benefit eligibility verbiage and other minor revisions to the IRC Section 125 Flexible Benefits Plan requires City Council approval; and

WHEREAS, the City desires to maintain and operate an IRC Section 125 consistent with applicable laws, rules and regulations.

NOW, THEREFORE, BE IT RESOLVED, that the City of Clovis amends and restates the City’s Flexible Benefits Plan effective January 1, 2026, as shown in Attachment A of Attachment 1.

* * * * *

The foregoing Resolution was introduced and adopted at a regular meeting of the City Council of the City of Clovis held on May 18, 2026, by the following vote to wit:

AYES:

NOES:

ABSENT:

ABSTAIN:

DATED: May 18, 2026

___________________________ __________________________ Mayor City Clerk

ATTACHMENT 1

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THE CITY OF CLOVIS

FLEXIBLE BENEFIT PLAN

Original Effective Date: February 1, 1991

As Amended and Restated Effective January 1, 2026

ATTACHMENT A

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INTRODUCTION .....................................................................................................................................1 ARTICLE I. — DEFINITIONS ................................................................................................................1

1.1 “Administrator” ..................................................................................................................1

1.2 “Benefits” ...........................................................................................................................1

1.3 “Benefits Accounts” ...........................................................................................................1

1.4 “Benefits Enrollment Form” ..............................................................................................1

1.5 “CFRA” ..............................................................................................................................1

1.6 “Change in Status” .............................................................................................................1

1.7 “Child” or “Children” ........................................................................................................1

1.8 “Code” ................................................................................................................................1

1.9 “Compensation” ................................................................................................................2

1.10 “Eligible Dependent” ........................................................................................................2

1.11 “Eligible Employee” ..........................................................................................................2

1.12 “Employee” ........................................................................................................................2

1.13 “Employer” ........................................................................................................................2

1.14 “Entry Date” ......................................................................................................................2

1.15 “FMLA” .............................................................................................................................2

1.16 “Health Savings Account” or “HSA” ................................................................................2

1.17 “Open Enrollment Period” ................................................................................................2

1.18 “Opt-Out Election” ...........................................................................................................3

1.19 “Participant” ......................................................................................................................3

1.20 “Plan” .................................................................................................................................3

1.21 “Plan Year” ........................................................................................................................3

1.22 “Salary Reduction” ............................................................................................................3

1.23 “Salary Reduction Agreement” ..........................................................................................3

1.24 “Special Enrollment Right” ...............................................................................................3

1.25 “Spouse” ............................................................................................................................3

1.26 “Timely Submitted” ...........................................................................................................3 ARTICLE II. — ELIGIBILITY AND PLAN PARTICIPATION ...........................................................3

2.1 ELIGIBILITY ....................................................................................................................3

2.2 EFFECTIVE DATE OF PARTICIPATION – ENTRY DATE ......................................3

2.3 PARTICIPATION – OTHER CONDITIONS ................................................................4

2.4 TERMINATION OF PARTICIPATION ........................................................................4

2.5 SUSPENSION OF PARTICIPATION ............................................................................4

2.6 REVOCATION OFSALARY REDUCTION ...................................................................5

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2.7 REINSTATEMENT OF FORMER PARTICIPANT .....................................................5

2.8 GOVERNMENT MANDATED LEAVES OF ABSENCE .............................................5

2.9 NON-GOVERNMENT MANDATED LEAVES OF ABSENCE ..................................6 ARTICLE III. — METHODS AND TIMING OF ELECTIONS ...........................................................6

3.1 IN GENERAL ...................................................................................................................6

3.2 SALARY REDUCTION OR OPT-OUT ..........................................................................7

3.3 ADMINISTRATOR’S POWER TO MODIFY AND SUSPEND ELECTIONS ............7

3.4 ELECTION CHANGE OR REVOCATION ..................................................................7 ARTICLE IV. — PLAN RECORDKEEPING ..........................................................................................9

4.1 PAYMENT OF BENEFITS .............................................................................................9

4.2 ACCOUNTS ......................................................................................................................9 ARTICLE V. — BENEFITS AND METHOD OF FUNDING ..............................................................9

5.1 GENERAL RULE .............................................................................................................9

5.2 LIMITATION OF BENEFITS FOR CERTAIN INDIVIDUALS .................................9

5.3 METHOD OF FUNDING ..............................................................................................10 ARTICLE VI. — PLAN ADMINISTRATION .......................................................................................10

6.1 POWER ............................................................................................................................10

6.2 REVIEW PROCEDURES ...............................................................................................10

6.3 INDEMNIFICATION ....................................................................................................11 ARTICLE VII. — MISCELLANEOUS ....................................................................................................11

7.1 STATE OF JURISDICTION ...........................................................................................11

7.2 SEVERABILITY ..............................................................................................................11

7.3 PLAN NOT AN EMPLOYMENT CONTRACT ...........................................................11

7.4 NON-TRANSFERABILITY OF INTEREST AND FACILITY OF PAYMENT ........11

7.5 MISTAKE OF FACT ........................................................................................................11

7.6 COST OF ADMINISTERING THE PLAN ...................................................................12

7.7 WITHHOLDING FOR TAXES .....................................................................................12

7.8 MISREPRESENTATION OR FRAUD .........................................................................12 ARTICLE VIII. — AMENDMENT AND TERMINATION ................................................................12

8.1 AMENDMENT ...............................................................................................................12

8.2 TERMINATION .............................................................................................................12 APPENDIX A ............................................................................................................................................13

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TABLE OF CONTENTS
INTRODUCTION ..............................................................................................................................................101 ARTICLE I — DEFINITIONS ..........................................................................................................................101

1.1 “Administrator” ...................................................................................................................................................................101

1.2 “Benefits” .............................................................................................................................................................................101

1.3 “Benefits Accounts” ...........................................................................................................................................................101

1.4 “Benefits Enrollment Form” .......................................................................................................................................................101

1.5 “CFRA” .......................................................................................................................................................................101

1.6 “Change in Status” ..............................................................................................................................................................101

1.7 “Child” or “Children” ........................................................................................................................................................101

1.8 “Code” .........................................................................................................................................................................101

1.9 “Compensation” ..................................................................................................................................................................102

1.10 “Effective Date” ...............................................................................................................................................................102

1.11 “Eligible Dependent” .......................................................................................................................................................102

1.12 “Eligible Employee” .........................................................................................................................................................102

1.13 “Employee” .......................................................................................................................................................................102

1.14 “Employer” ........................................................................................................................................................................102

1.15 “Entry Date” .....................................................................................................................................................................102

1.16 “FMLA” ......................................................................................................................................................................102

1.17 “Health Savings Account” or “HSA” ............................................................................................................................102

1.18 “Open Enrollment Period” .............................................................................................................................................103

1.19 “Opt-Out Election” ..........................................................................................................................................................103

1.20 “Participant” ......................................................................................................................................................................103

1.21 “Plan” ..........................................................................................................................................................................103

1.22 “Plan Year” ........................................................................................................................................................................103

1.23 “Salary Reduction” ............................................................................................................................................................103

1.24 “Salary Reduction Agreement” .......................................................................................................................................103

1.25 “Special Enrollment Right” .............................................................................................................................................103

1.26 “Spouse” .............................................................................................................................................................................103

1.27 “Timely Submitted” ..........................................................................................................................................................103 ARTICLE II — ELIGIBILITY AND PLAN PARTICIPATION ......................................................................201

2.1 ELIGIBILITY .....................................................................................................................................................................201

2.2 EFFECTIVE DATE OF PARTICIPATION – ENTRY DATE .............................................................................201

2.3 PARTICIPATION – OTHER CONDITIONS ...........................................................................................................202

2.4 TERMINATION OF PARTICIPATION ....................................................................................................................202

2.5 SUSPENSION OF PARTICIPATION .........................................................................................................................202

2.6 REVOCATION OF SALARY REDUCTION ............................................................................................................203

2.7 REINSTATEMENT OF FORMER PARTICIPANT ................................................................................................203

2.8 GOVERNMENT MANDATED LEAVES OF ABSENCE ....................................................................................203

2.8.1 HEALTH BENEFITS ...........................................................................................................................................203

2.8.2 NON-HEALTH BENEFITS ...............................................................................................................................204

2.9 NON-GOVERNMENT MANDATED LEAVES OF ABSENCE ..............................................................................204 ARTICLE III — METHODS AND TIMING OF ELECTIONS .....................................................................301

3.1 IN GENERAL ....................................................................................................................................................................301

3.2 SALARY REDUCTION OR OPT-OUT ......................................................................................................................301

3.3 ADMINISTRATOR’S POWER TO MODIFY AND SUSPEND ELECTIONS ................................................301

3.4 ELECTION CHANGE OR REVOCATION .............................................................................................................302 ARTICLE IV — PLAN RECORDKEEPING ....................................................................................................401

4.1 PAYMENT OF BENEFITS ............................................................................................................................................401

4.2 ACCOUNTS .......................................................................................................................................................................401

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ARTICLE V — BENEFITS AND METHOD OF FUNDING .........................................................................501

5.1 GENERAL RULE .............................................................................................................................................................501

5.2 LIMITATION OF BENEFITS FOR CERTAIN INDIVIDUALS .........................................................................501

5.3 METHOD OF FUNDING ........................................................................................................................................................501 ARTICLE VI — PLAN ADMINISTRATION ...................................................................................................601

6.1 POWER ......................................................................................................................................................................601

6.2 REVIEW PROCEDURES …………………………………………………………………...601
ARTICLE VII — MISCELLANEOUS ...............................................................................................................701

7.1 STATE OF JURISDICTION ..........................................................................................................................................701

7.2 SEVERABILITY ................................................................................................................................................................701

7.3 PLAN NOT AN EMPLOYMENT CONTRACT ......................................................................................................701

7.4 NON-TRANSFERABILITY OF INTEREST AND FACILITY OF PAYMENT ..............................................701

7.5 MISTAKE OF FACT ........................................................................................................................................................701

7.6 COST OF ADMINISTERING THE PLAN ................................................................................................................701

7.7 WITHHOLDING FOR TAXES ....................................................................................................................................701 ARTICLE VIII — AMENDMENT AND TERMINATION ............................................................................801

8.1 AMENDMENT ..................................................................................................................................................................801

8.2 TERMINATION ...............................................................................................................................................................801 APPENDIX A ..........................................................................................................................dcccii

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INTRODUCTION
The Employer has adopted this Internal Revenue Code section 125 premium conversion cafeteria plan (the “Plan”) to provide pre-tax salary reduction premium payments for qualified benefits and taxable cash in lieu of Benefits to Eligible Employees. The Plan is specifically designated as a cafeteria plan under Code section 125 for the reduction of Compensation for the payment of premiums for group health coverage in accordance with the terms of sections 105 and 106 of the Code with the expectation that the Benefits provided under the Plan be eligible for exclusion from income tax or, otherwise, to provide a cash payment to those Eligible Employees who elect to waive the Benefits available under the Plan upon proof of other group health coverage.

The Plan’s original Effective Date is February 1, 1991. It was amended and restated effective January 1, 2004, March 1, 2018 , May 1, 2020, and again amended and restated by way of this document effective and MayJanuary 1, 20202026.

ARTICLE 1.— DEFINITIONS

1.1 “Administrator” means the Employer or such other person or committee as may be appointed by the Employer to administer the Plan.

1.2 “Benefits” means the benefits listed in Appendix A.

1.3 “Benefits Accounts” means the accounts established by the Administrator under the Plan for each Participant’s Benefits, or cash-in-lieu of Benefits, for purposes of administering the Plan.

1.4 “Benefits Enrollment Form” means the form or forms, including a Salary Reduction Agreement, evidencing an Eligible Employee’s elections in respect of his Benefits, or waiver of Benefits, for a Plan Year or portion of a Plan Year.

1.5 “CFRA” means the California Family Rights Act.

1.6 “Change in Status” means an event described in Section 3.4 of the Plan that allows a change to elections designated within a Benefits Enrollment Form or revocation of such designation and completion of a new form Benefits Enrollment Form, including the addition or deletion of the underlying component benefits elections, including a Special Enrollment Right, as permitted in that Section, Treasury Regulations issued under section 125 of the Code and the Health Insurance Portability and Accountability Act (“HIPAA”).

1.7 “Child” or “Children” means biological child, stepchildren, adopted children, children placed for adoption, any other child for whom coverage is required pursuant to a national medical child support order up to age 26 and a disabled child who satisfies the definition of disabled in Section 12102 of the Americans with Disabilities Act.

1.8 “Code” means the Internal Revenue Code of 1986, as amended.

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1.9 “Compensation” means all earned income, salary taxable wages and other earnings paid by the Employer to a Participant during a Plan Year, including any amounts contributed by the Employer pursuant to a Salary Reduction Agreement which are not includable in gross income under sections 125, 401(a), 402(g)(3), 402(h), 403(b), or 457 (b) of the Code.

1.10 “Effective Date” means February 1, 1991. “Eligible Dependent” means a Spouse and Children as their eligibility is described in the underlying Benefits component.

1.11 “Eligible Employee” means an Employee who is eligible to participate in the Plan in accordance with the terms and conditions of the underlying elected in one or more bBenefits component and as stated under the terms of such Benefit components in and the City of Clovis Employee Benefits Guide and related communications. for the relevant Plan Year.

Such Employee Benefits Guide(s) is hereby incorporated into and made part of the Plan by reference.

1.12 “Employee” means a person regularly employed by the Employer as a common law Employee on its payroll, being compensated for specific duties performed and who performs services for the Employer and with respect to whom the Employer controls the individual’s performance, time and the manner and means by which the work is performed, regardless of that individual’s official title within the Employer’s organization.

The term “Employee” shall not include any individual for the period of time such individual was classified by the Employer as an independent contractor, leased Employee (whether or not a “Leased Employee” under the Code) or any other classification other than Employee.

In the event an individual who is excluded from Employee status under the preceding sentence is reclassified as an Employee of the Employer pursuant to a final determination by the Internal Revenue Service, another governmental entity with authority to make such a reclassification, or a court of competent jurisdiction, such individual shall not retroactively be an Employee under the Plan. Such reclassified Employee may become a Participant in the Plan at such later time as the individual satisfies the conditions of participation set forth in the Plan.

1.13 “Employer” means the City of Clovis. or any of its affiliates, successors or assignors which adopt the Plan.

1.14 “Entry Date” means the date an Eligible Employee becomes a Participant under the Plan (i.e. the date the Employee is first covered under a Benefit option).

1.15 “FMLA” means the Family and Medical Leave Act.

1.16 “Health Savings Account” or “HSA” means a health savings account established under Code section 223. Such arrangements are individual trusts or custodial accounts, each separately established and maintained by an Employee with a qualified trustee/custodian.

1.17 “Open Enrollment Period” means the period established by the Administrator immediately prior before the beginning of a Plan Year during which Eligible Employees may submit or revise a Benefits Enrollment Form, make changes to their existing elections and elect Benefits choices for the immediately following Plan Year, provided, however, Sections 2.2(b) shall apply in the case of an Eligible Employee who first becomes eligible to participate, or is eligible to make a new election or change an election during the Plan

1.11 1.12

1.14 1.15

1.16 1.17

1.18 1.20

1.13 1.14

1.15 1.16

1.17 1.18

1.19 1.20

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Year. to elect Benefits for the following Plan Year. The Open Enrollment Period may be changed by the Adminitrator without the need to amend the Plan. The Administrator may establish and modify the Open Enrollment Period at its discretion without amending the Plan.

1.18 “Opt-Out Election” means an election by an Eligible Employee to waive Benefits and, upon demonstration of other group health coverage satisfactory to the Administrator, receive taxable cash-in lieu of Benefits.

1.19 “Participant” means an Eligible Employee who has satisfied the eligibility requirements of the Plan and relevant Benefits components of the Plan, completed the Benefits Enrollment Form and Timely Submitted such form to the Administrator and now participates in the Plan pursuant to Article II.

1.20 “Plan” means the City of Clovis Flexible Benefit Plan, as described herein.

1.21 “Plan Year” means the 12 consecutive month period beginning on January 1 and ending on December 31 of each calendar year.

1.22 “Salary Reduction” means the amount by which a Participant’s Compensation is decreased pursuant to the Salary Reduction Agreement.

1.23 “Salary Reduction Agreement” means an agreement by an Employee authorizing the Employer to reduce the Employee’s Compensation while a Participant for purposes of making contributions towards Benefits and HSA under the Plan.

1.24 “Special Enrollment Right” means the right to enroll in the Plan and underlying Benefits components of the Plan because of a loss of eligibility for group health coverage or health insurance coverage; or becoming eligible for a state premium assistance subsidy; or the acquisition of a new Spouse or Eligible Dependent by marriage, birth, adoption or placement for adoption as governed by, and in accordance with HIPAA.

1.25 “Spouse” means a legally married spouse, whether same-sex or opposite-sex, in a marriage entered into under the laws of a U.S. or foreign jurisdiction having the authority to sanction marriage. The term Spouse excludes an individual separated from an Employee Participant under a decree of legal separation.

1.26 “Timely Submitted” means, unless the Administrator has specific and special cause to alter the definition of this phrase, within 31 30 calendar days of the event that has triggered the Change in Status or such greater time frame as may be required by HIPAA.

ARTICLE II.— ELIGIBILITY AND PLAN PARTICIPATION

2.1 ELIGIBILITY
An Employee who satisfies the eligibility requirements as stated in the City of Clovis Employee Benefits Guide and related communications for the Plan Year in question, as well as the requirements of the relevant underlying Benefits component of the Plan, shall be eligible to participate in the Plan upon first becoming an Eligible Employee.

1.21 1.22

1.23 1.24

1.25 1.26

1.27

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2.2 EFFECTIVE DATE OF PARTICIPATION – ENTRY DATE
(a) An Eligible Employee shall become a Participant in the Plan after providing the Administrator with an executed Benefits Enrollment Form setting forth the Benefits to be made available to the To participate in the Plan, an Eligible Employee for the immediately following Plan Year or remaining portion of the current Plan Year, as applicable, and any supporting documents as may be required by the Administrator. As part of the must timely and properly complete a Benefits Enrollment Form, the Participant shall also execute including a Salary Reduction Agreement which authorizesauthorizing the Employer to withhold from the Participant's reduce Compensation an amount the Participant elects to have contributed to the Planfor the elected Benefits. The Participant must , before the end of the first Plan Year of participation and before the end of each subsequent Plan Year during the Open Enrollment Period , provide the Administrator with a newly executed Benefits Enrollment Form. Each submit a new Benefits Enrollment Form shall specify the type and amount of Benefits to be made available to the Participant for the immediately during each Open Enrollment Period to continue participation for the following Plan Year. If athe Participant fails to execute a validsubmit a timely Benefits Enrollment Form with supporting documents, if any are required, during an annual Open Enrollment or any other Special Enrollment period following a qualified event, or if the form is not Timely Submitted to the Administrator, the Participant shall be yearis deemed to have elected to continue the same Benefits and coverage then in effect for such Participant for the remainder of the Plan Year until the following annual Open Enrollment period and following plan, subject to the terms of the applicable Benefit components. (b) An Eligible Employee who satisfies subsection (a) becomes a Participant on the date he or she becomes eligible for coverage under the applicable Benefit component, as determined under the terms of that Benefit component and the City of Clovis Employee Benefits Guide and related communications.
( b ) Except as provided otherwise in this Section 2.2, an Eligible Employee’s participation shall be effective on the latest of:
(1) The first day of the Plan Year, provided that the Benefits Enrollment Form and supporting documents (if any supporting documents are required) are appropriately completed and Timely Submitted to the Administrator prior to the beginning of the Plan Year in the timeframe and manner as prescribed by the Administrator; or
(2) The date of hire of the month preceding submission of the Benefits Enrollment Form and supporting documents or as soon as administratively feasible, provided that such Benefits Enrollment Form and any supporting documents are appropriately completed and Timely Submitted to the Administrator within thirty days of the date the Employee first becomes an Eligible Employee.

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2.3 PARTICIPATION – OTHER CONDITIONS
Participation in the Plan by an Eligible Employee shall be contingent upon receipt by the Administrator of such applications, consents, proofs of birth or marriage, elections, beneficiary designations, and other documents and information as may be prescribed by the Plan, Benefits component of the Plan or the Administrator.

2.4 TERMINATION OF PARTICIPATION
(a) Participation in the Plan shall terminate for a Participant as of the earliest of:
(1) The date on which the Plan is terminated;
(2) The date the Participant fails to make a required contribution under the Plan; (3) The date the Participant dies, resigns or terminates employment with the Employer, subject to any pre-tax contributions that might be taken from a final paycheck following death, resignation, or termination, as determined by the Employer; or
(4) Unless otherwise required under the Uniformed Services Employment and Reemployment Rights Act, the date the individual enters active duty in the military of any country.
(b) Participation in the Plan by a Spouse or Child shall terminate as of the earliest of:
(1) The date on which the Plan is terminated;
(2) The date the Participant no longer a participates in the Plan; (3) Unless otherwise required under the Uniform Employment and Reemployment Rights Act, the date the individual enters active duty in the military of any country or
(4) The date on which the individual is no longer a Spouse or a Child under age 26 (unless disabled as defined under Section 12102 of the Americans with Disabilities Act)in the applicable Benefits component.

Participation in any Benefit component of the Plan will cease on the date specified in the applicable Benefits component.

2.5 SUSPENSION OF PARTICIPATION
(a) Except as otherwise provided, in the event a Participant ceases to be an Eligible Employee, takes approved leave of absence, or ceases to have enough Compensation to cover the funds allotted under the Salary Reduction Agreement, as elected, but does not terminate employment, participation in the Plan shall be determined by the Administrator based on applicable law.

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(b) During periods of suspended participation, if any, no contributions shall be made pursuant to Section 3.2, and no Benefits shall be provided under the Plan. (c) If an Employee again becomes an Eligible Employee, has adequate Compensation, or returns from a leave of absence without termination of employment, active participation in the Plan shall be reinstated and the most recent election shall remain in effect, except as otherwise permitted pursuant to Section 3.4.

2.6 REVOCATION OF SALARY REDUCTION
If a Participant revokes the Salary Reduction Agreement, as permitted herein, the Eligible Employee shall not be entitled to enter into a new Salary Reduction Agreement until the next Open Enrollment Period except as otherwise provided in Section 3.4.

2.7 REINSTATEMENT OF FORMER PARTICIPANT
(a) A former Participant who again becomes eligible for participation during the same Plan Year in which participation terminated, and within thirty (30) days of the date on which participation terminated, shall not be entitled to make a new election for the remainder of the Plan Year. Rather, upon reemployment, the former Participant shall continue the same election in effect prior to separation from service, except as otherwise permitted pursuant to Section 3.4.
(b) A former Participant who again becomes eligible for participation during the same Plan Year in which participation terminated, but more than thirty (30) days after the date on which participation terminated, shall be treated as a newly Eligible Employee and shall be permitted to make new elections in accordance with Section

2.2(a) of the Plan.
(c) A former Participant who again becomes eligible for participation after the Plan Year in which participation terminated shall be treated as a newly Eligible Employee and shall be permitted to make new elections in accordance with Section 2.2(a) of the Plan.

2.8 GOVERNMENT MANDATED LEAVES OF ABSENCE

2.8.1 Health Benefits
(a) Health Benefits . Notwithstanding any provision to the contrary in the Plan, if a Participant commences a qualifying leave under FMLA or CFRA, then to the extent required by FMLA or CFRA, the Employer will continue to maintain the Participant’s Benefits on the same terms and conditions as if the Participant were still an active Employee. If the Participant continues to receive his regular rate of pay, Benefits will continue and amounts will be deducted from pay pursuant to the Salary Reduction Agreement. If the Participant elects to continue his coverage while on an unpaid leave, the Employer will continue to pay itshis share of the premium.

A Participant on unpaid leave may elect to continue his coverage during the FMLA or CFRA leave. If the Participant elects to continue coverage while on unpaid leave, then the Participant may pay his share of the premium in one of the following ways:
(1) (a) With after-tax dollars, by sending monthly payments to the Employer;

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(2) (b) With pre-tax dollars, by pre-paying all or a portion of the premium for the expected duration of the leave on a pre-tax Salary Reduction basis out of pre- leave Compensation. To pre-pay the premium, the Participant must make a special election to that effect prior to the date that such Compensation would normally be made available (pre-tax dollars may not be used to fund coverage during the next Plan Year); or
(3) (c) Under another arrangement agreed upon between the Participant and the Administrator (e.g., the Administrator may fund coverage during the leave and withhold “catch-up” amounts upon the Participant’s return).

If a Participant’s coverage ceases while on FMLA or CFRA leave, the Participant will be permitted to re-enter the Plan upon return from such leave on the same basis as the Participant was participating in the Plan prior to the leave or otherwise required by the FMLA or CFRA.

2.8.2 Non-Health Benefits
(b) Non-Health Benefits. If a Participant commences a qualifying leave under FMLA, entitlement to non-health benefits is to be determined by the Employer’s policy for providing such Benefits when the Participant is on non- FMLA leave, as described in Section 2.9.

2.9 NON-GOVERNMENT MANDATED LEAVES OF ABSENCE
If a Participant commences an unpaid leave of absence that does not affect eligibility, then the Participant will continue to participate, and the premium due for the Participant will be paid either pre-tax by pre- payment before commencing leave, by after-tax contributions while on leave, or with catch-up contributions after the leave ends, as may be determined by the Employer.

If a Participant commences unpaid leave that affects eligibility, the election change rules in Section

3.4 2.4 will apply. To the extent COBRA applies, the Participant may continue coverage under COBRA.

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ARTICLE III.— METHODS AND TIMING OF ELECTIONS

3.1 IN GENERAL
(a) An election to participate in the Plan shall be in writing on the Benefits Enrollment Form provided by the Administrator. Participation in the Plan may be subject to additional requirements of the Administrator or the underlying Benefits component. (b) The Administrator shall establish procedures and deadlines for filing elections, which shall be communicated to Eligible Employees.
(c) Failure to file a Benefits Enrollment Form:
(1) If an Eligible Employee fails to complete and sign a Benefits Enrollment Form which is Timely Submitted during his or her initial election period, then the Eligible Employee may not make any election hereunder until (i) the next Open Enrollment Period; or (ii) an event occurs that would permit an election to be made during the Plan Year as described herein. (2) An Employee who is a current plan Participant and who fails to complete, sign, and file a Benefits Enrollment Form within the time prescribed by the Administrator during an annual or any other special Open Enrollment Period shall be deemed to have elected to continue the same Benefits and coverage then in effect for such Participant until the following annual Open Enrollment Period.

3.2 SALARY REDUCTION OR OPT-OUT
Each Eligible Employee who wishes to participate in the Plan must file a Benefits Enrollment Form that includes a Salary Reduction Agreement. The amount of Compensation reduced pursuant to the Salary Reduction Agreement, if any, shall be prorated over all payroll periods during the Plan Year.

Eligible Employees may make an Opt-Out Election to waive Benefits and, upon adequate demonstration of other group health plan coverage as may be required by the Administrator, receive, in return, taxable cash Benefits in amounts specified in current City Policy and Memorandums of Understanding.

3.3 ADMINISTRATOR’S POWER TO MODIFY AND SUSPEND ELECTIONS (a) Notwithstanding any other Plan provisions, the Administrator will suspend, modify, or terminate a Salary Reduction Agreement under the following circumstances:
(1) If the Salary Reduction Agreement amount is greater than the Participant’s Compensation;
(2) In compliance with a change or revocation of a Benefits Enrollment Form as allowed in Section 3.4; or

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(3) If necessary for the Plan to pass any relevant nondiscrimination tests of the Code.
(b) With respect to Benefits components of the Plan, the Administrator may at its discretion and in a nondiscriminatory manner:
(1) Increase or decrease the Benefits premiums during the Plan Year including premium adjustments, surcharges and waiver of surcharges associated with a wellness program; and
(2) Determine whether any increase or decrease is significant for purposes of rules regarding automatic election changes.

3.4 ELECTION CHANGE OR REVOCATION
A Participant’s Salary Reduction Agreement or Opt-Out Election for any Plan Year may not be changed or revoked by a Participant, except as provided in this Section. (a) A Participant may submit a new Benefits Enrollment Form or change an existing Benefits Enrollment Form if one of the following Changes in Status events occurs and the Benefit election change is consistent with the applicable Change in Status, as further described in subsection (f).
(1) Legal Marital Status. Any event that changes a Participant’s legal marital status, including marriage, death of Spouse, divorce, legal separation, or annulment.
(2) Number of Eligible Dependents. Any event that changes the number of a Participant’s Eligible Dependents, including birth, adoption, placement for adoption, or death of an Eligible Dependent.
(3) Employment Status. Any event that changes the employment status of a Participant, Spouse or Eligible Dependent, including termination or commencement of employment, a strike or lockout, the commencement or return from an unpaid leave of absence, a change in worksite, and any other change in the employment status (e.g. changing from union to non-union) of the Participant, Spouse or Eligible Dependent that results in any one of these individuals gaining or losing eligibility under an accident or health plan or a group term life insurance plan, as applicable. (4) Eligible Dependent Status. Any event that causes a Participant’s Eligible Dependent to satisfy or cease to satisfy the eligibility requirements for coverage due to attainment of age or similar circumstances. (5) Residence. Any event that changes the place of residence of the Participant, his or her Spouse, or Eligible Dependent that would cause them to lose or gain eligibility.

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METHODS AND TIMING OF ELECTIONS

(b) Special Enrollment Rights under HIPAA. If a Participant, Spouse or Eligible Dependent is entitled to a Special Enrollment Right, the Participant may revoke the existing Benefits Enrollment Form and make a new election for the remaining portion of the Plan Year; provided, however, that the new election is consistent with the applicable Special Enrollment Right, that the new election is Timely Submitted and conforms to the applicable provisions of the underlying Benefits component of the Plan.
(c) Judgments Judgment, Decree or Order. A Participant may change a Benefits Enrollment Form if a judgment, decree or order (including a National Medical Child Support Notice) resulting from a divorce, legal separation, annulment or change in legal custody requires health coverage for a Participant’s Child such that the Participant may elect to provide coverage for the Child if the order requires coverage under the Participant’s plan, or to cancel coverage for the Child if the order requires the Participant’s Spouse, former Spouse or other individual to provide coverage for the Child. Unless eligible for coverage under the continuation of coverage provisions of the Benefits component of the Plan, in no event shall an ex-Spouse, legally separated Spouse be covered under any Benefits component of the Plan.
(d) Medicare or Medicaid Entitlement. A Participant may voluntarily cancel or reduce coverage under the Plan for the individual who becomes eligible for Medicare or Medicaid. Additionally, a Participant may commence or increase coverage for the individual who loses eligibility for coverage under Medicare or Medicaid and shall have 60 calendar days to do so.
(e) 31 30 Calendar Day Limit. Except as described in subparagraph (d), all election changes or revocations of elections under a Benefits Enrollment Form requested under this Section 3.4 shall be in writing and submitted to the Administrator within thirty-one (31) thirty (30) days of the applicable event unless otherwise required under HIPAA or regulations under the Code.
(f) Health Savings Account Election Changes. Notwithstanding anything in this Section 3.4 to the contrary, a Participant may commence, cease, increase or decrease contributions to a Health Savings Account at any time. (g) ( f ) Other Election Changes under a Benefits Enrollment Form. Notwithstanding this Section 3.4:
(1) If the provisions of the Code or other relevant law require the Employer to accept mid-year election changes under other circumstances, the Code will govern, without any amendment to the Plan.
(2) If the U.S. Treasury issues supplemental guidance to liberalize or restrict any of the conditions described above, the Employer may administer the Plan, in its discretion, in accordance with such supplemental guidance, upon proper notification to Participants.

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The City of Clovis – 2020 2026 Flexible Benefits Plan 401 |Page
Page

ARTICLE IV.— PLAN RECORDKEEPING

4.1 PAYMENT OF BENEFITS
The Employer shall make all payments required by the Benefits components of the Plan out of its general assets. The Employer will retain title to and beneficial ownership of assets which are earmarked for payment of Benefits under the Plan. No pre-funding of Benefits will be required.

4.2 ACCOUNTS
For bookkeeping purposes only, the Employer will maintain Benefits Accounts in respect of each Participant.

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The City of Clovis – 2020 2026 Flexible Benefits Plan 501 |Page
Page

ARTICLE V.— BENEFITS AND METHOD OF FUNDING

5.1 GENERAL RULE
All Benefits shall be payable or provided under this Article for a Plan Year only if such Benefits relate to periods in which the individual has properly elected to participate in that Benefits component offered under the Plan by the Employer pursuant to a completed Benefits Enrollment Form Timely Submitted to the Administrator.

5.2 LIMITATION OF BENEFITS FOR CERTAIN INDIVIDUALS
The Benefits or premiums paid under this Article V for any Plan Year, and/or the corresponding Salary Reduction Agreement amounts, may be limited by the Administrator for certain Participants in accordance with the nondiscrimination requirements contained in the Code including, without limitation, Code sections 105 and 125.

5.3 METHOD OF FUNDING
All amounts payable under the Plan shall be paid from the general assets of the Employer. The maximum contribution that may be made under the Plan for a Participant is the total of the maximum amount that may be elected in the Salary Reduction Agreement or the taxable cash amount available pursuant to an Opt-Out Election.

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The City of Clovis – 20202026 Flexible Benefits Plan 601 |Page
Page

ARTICLE VI.— PLAN ADMINISTRATION

6.1 POWER
The Administrator has full discretionary authority to administer and interpret the Plan, including discretionary authority to make findings of fact, to determine eligibility for participation and for Benefits under the Plan, to correct errors, and to construe ambiguous terms. The Administrator may delegate its discretionary authority and such duties and responsibilities as it deems appropriate to facilitate the day-to-day administration of the Plan and, unless the Administrator provides otherwise, such a delegation will carry with it the full discretionary authority to accomplish the delegation. Determinations by the Administrator or its delegate will be final and conclusive upon all persons. The powers of the Administrator include, but are not limited to, the following:
(a) To make and enforce such rules and regulations as it shall deem necessary or proper for the efficient administration of the Plan;
(b) To employ and appoint actuaries, attorneys, accountants, consultants, and other experts; and
(c) To perform any other necessary or proper functions in the operation of the Plan.

6.2 REVIEW PROCEDURES
In cases where the Plan Administrator denies a benefit under this Plan for any Participant, Spouse or or Eligible Dependent or any other person eligible to receive benefits under the Plan, the Plan Administrator shall furnish in writing to said party the reasons for the denial of benefits. For this purpose, “benefit” means making and changing elections under this Plan and the amount of any pre-tax Salary Reduction associated with such an election. The written denial shall be provided to the party within 30 days of the date the benefit was denied by the Plan Administrator. The written denial shall refer to any Plan or section of the Code upon which the Plan Administrator relied in making such denial. The denial may include a request for any additional data or material needed to properly complete the claim and explain why such data or material is necessary, and explain the Plan’s claim review procedures. If requested in writing, and within 180 days of the claim denial, the Plan Administrator shall afford any claimant whose request for claim was denied a full and fair review of the Plan Administrator’s decision, and within 60 days of the request for review of the denied claim, the Plan Administrator shall notify the claimant in writing of the Plan Administrator’s final decision on the reviewed claim.

With respect to the denial of any claim for benefits from an insurance company or other third-party benefit provider, paid for as a premium-type Benefit under the Plan, the review procedures of the insurance company or other third-party benefit provider shall apply.

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The City of Clovis – 20202026 Flexible Benefits Plan 701 |Page
Page

Before pursuing legal action, a person claiming Plan Benefits or seeking redress related to the Plan must first exhaust the Plan’s review procedures as described in Section 6.2. Unless otherwise provided by law, the Employer and Administrator are the only necessary parties to any action or proceeding that involves the Plan or its administration. No Employee, Employer, or other person or entity is entitled to notice of any legal action, unless a court with appropriate jurisdiction orders otherwise.

6.3 INDEMNIFICATION
To the fullest extent permitted by law, the Employer shall indemnify and reimburse the Administrator for any expenses, liabilities, or losses arising out of any act or omission relating to Administrator’s actions (or inactions) under the Plan, unless such action or inaction constitutes willful misconduct or gross negligence. This indemnification provision supplements, and does not substitute or diminish, any existing obligations or requirements that the Employer has to indemnify the Administrator.

ARTICLE VII.— MISCELLANEOUS

7.1 STATE OF JURISDICTION
Except to the extent superseded by the laws of the United States Code or other applicable federal law, the Plan and all rights and duties thereunder shall be governed, construed, and administered in accordance with the laws of the State of California.

7.2 SEVERABILITY
If any provision of the Plan is held invalid or unenforceable, its invalidity or unenforceability shall not affect any other provisions of the Plan, and the Plan shall be construed and enforced as if such provision had not been included herein.

7.3 PLAN NOT AN EMPLOYMENT CONTRACT
The Plan is not an employment contract. Nothing in the Plan shall be construed to limit in any way the right of the Employer to terminate an individual’s employment at any time for any reason whatsoever with or without cause.

7.4 NON-TRANSFERABILITY OF INTEREST AND FACILITY OF PAYMENT Except as otherwise expressly permitted by the Plan, the interests of persons entitled to Benefits under the Plan are not subject to their debts or other obligations and, except as may be required by the tax withholding provisions of the Code or any other applicable law, may not be voluntarily or involuntarily sold, transferred, alienated, assigned, or encumbered. When any person entitled to Benefits under the Plan is under legal disability or in the Administrator’s opinion is in any way incapacitated so as to be unable to manage his affairs, the Administrator may cause such person’s Benefits to be paid to such person’s legal representative for his or her benefit, or to be applied for the benefit of such person in any other manner that the Administrator may determine.

7.5 MISTAKE OF FACT

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The City of Clovis – 20202026 Flexible Benefits Plan 701 |Page
Page

Any mistake of fact or misstatement of fact shall be corrected when it becomes known and proper adjustment made by reason thereof. The Neither the Employer nor the Administrator shall not be liable in any manner for any determination of fact made in good faith.

7.6 COST OF ADMINISTERING THE PLAN
The costs and expenses incurred by the Employer in administering the Plan shall be paid by the Plan and the Participants, unless paid by the Employer.

7.7 WITHHOLDING FOR TAXES
Notwithstanding any other provision of the Plan, the Employer may withhold from any payment to be made under the Plan such amount or amounts as may be required for purposes of complying with the tax withholding provisions of the Code or any other applicable law.

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The City of Clovis – 2020 2026 Flexible Benefits Plan

801 |Pag

7.8 MISREPRESENTATION OR FRAUD
An Employee who receives Benefits under the Plan as a result of false, incomplete, or incorrect information or a misleading or fraudulent representation may be required to repay all amounts paid by the Plan and may be liable for all costs of collection, including attorney’s fees and court costs.

The Administrator shall decide such matters on a case-by-case basis.

ARTICLE VIII.— AMENDMENT AND TERMINATION

8.1 AMENDMENT
The Employer or its delegate may amend in writing any part or all of the Plan or any Benefits component at any time and from time to time.

8.2 TERMINATION
The Plan and any Benefits component offered under the Plan, including cash-in-lieu of Benefits, may be terminated at any time by action of the Employer or its delegate on behalf of the Employer.

THE CITY OF CLOVIS

Executed this Day of , 20 .

By:

Its:

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APPENDIX A

1.1 Administrator Contact Information:

The City of Clovis Personnel
Office 1625 Shaw Ave. Suite 101,
Clovis, CA 93611
559.324.2725

1.2 Benefits
• Group Medical Insurance
• Prescription Drug Coverage
• Dental Coverage
• Vision Coverage
• Group Life Insurance
• Health Savings AccountsAccount contributions facilitated through salary reduction under the Plan

1.3 Cash-in-Lieu of Benefits upon waiver and proof of other group coverage

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Report to the City Council

To: City Council
From: General Services Department
Date: May 18, 2026
Staff: Linda Parry, Senior Management Analyst
Subject: General Services — Approval — Res. 26-___, Appointing the City Manager as Plan Administrator of the City's Internal Revenue Code Section 125 Flexible Benefits Plan.

Recommendation: Approve
Attachments:

1. Flexible Benefits Plan Administrator ATT 1 Res. 26

Recommendation:

For the City Council to approve a Resolution appointing the City Manager as Plan Administrator of the City’s Section 125 Flexible Benefits Plan.

Executive Summary:

After consultation with a tax attorney, a resolution was recommended to appoint the City Manager as Plan Administrator of the City’s Section 125 Flexible Benefits plan in order to streamline plan administration, reduce fiduciary exposure, and ensure the City can respond promptly to IRS guidance, legislative changes, and operational needs without requiring a Council agenda item for each amendment to the Plan.

Background:

Internal Revenue Code Section 125 requires an employer who offers pre-tax benefits to have an approved written Flexible Benefits Plan document that describes all benefits and establishes rules for eligibility and elections. Revisions to the Section 125 plan have historically required Council approval.

The proposed resolution would authorize the City Manager to adopt amendments to the Section 125 Flexible Spending Plan that are: required to maintain compliance with applicable federal or state law or IRS guidance, administrative in nature; or necessary to implement benefit changes previously approved by the City Council through the budget process, memoranda of understanding, or side letter agreements. Amendments that would materially alter the substantive benefit structure, create new financial obligations not previously authorized by the Council, or require bargaining unit negotiations, would continue to require Council approval. The Council has previously exercised similar authority by appointing the City Manager as Plan Administrator of the 457(b) plan. The proposed delegation of

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amendment authority is a logical extension of that prior action and is consistent with fiduciary best practices.

Fiscal Impact:

None.

Reason for Recommendation:

Appointing the City Manager as Plan Administrator for the Flexible Benefits Plan is based on recommendation of legal counsel and provides flexibility while preserving City Council oversight for significant changes.

Actions Following Approval:

When appropriate, the City Manager will adopt amendments to the Section 125 Flexible Spending plan. Amendments to the Section 125 Plan that would materially alter the substantive benefit structure or create new financial obligations would need Council approval.

Conflict of Interest:

None.

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ATTACHMENT 1
RESOLUTION 26-

RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CLOVIS

APPOINTING THE CITY MANAGER AS THE PLAN ADMINISTRATOR OF THE CITY’S INTERNAL REVENUE CODE SECTION 125 FLEXIBLE BENEFITS PLAN

WHEREAS, the City of Clovis sponsors and maintains a Flexible Benefits plan (“the Plan”) under IRC Section 125 for the benefit of its eligible employees; and

WHEREAS, the Plan currently provides that the "Administrator" means the Employer or such other person or committee as may be appointed by the Employer to administer the Plan; and

WHEREAS, the City desires to designate a Plan Administrator to provide clear, accountable, and professional oversight of the administration of the Plan; and

WHEREAS, leading tax attorneys advise appointing the City Manager as Plan Administrator of the Plan to allow the City to promptly respond to IRS guidance, legislative changes, and operational needs without requiring City Council approval; and

WHEREAS, based on best practices and following internal consultation, City staff recommends the appointment of the City Manager as the administrator of the Plan.

NOW, THEREFORE, BE IT RESOLVED, that the City of Clovis hereby appoints the City Manager, and any City staff he/she may designate to assist him/her in that role, as the Administrator of the Plan, with responsibility and authority for the administration of the Plan.

* * * * *

The foregoing resolution was introduced and adopted at a regular meeting of the City Council of the City of Clovis held on May 18, 2026, by the following vote, to wit.

AYES:

NOES:

ABSENT:

ABSTAIN:

DATED: May 18, 2026

______________________________ ______________________________ Mayor City Clerk

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Report to the City Council

To: City Council
From: General Services Department
Date: May 18, 2026
Staff: Amy Hance, General Services Director
Subject: General Services — Approval - Res. 26-____, Approving a Side Letter Agreement with the Clovis Technical and Financial Professionals (CTFP) to Establish a Modified Salary Structure Methodology.

Recommendation: Approve
Attachments:

1. CTFP Side Letter Salary Structure Modification ATT 1 Res. 26-___

Recommendation:

For the City Council to approve a resolution approving a side letter agreement with the Clovis Technical and Financial Professionals (CTFP) to establish a modified salary structure methodology.

Executive Summary:

In 2025, the City conducted a comprehensive salary structure analysis to determine the current position structure, internal relationships inside of departments, and shared position relationships between different departments. The goal was to support standardization of the structure to enhance succession planning and employee retention. The City has established a salary structure for all positions represented in CTFP.

Background:

In 2025, the City conducted a comprehensive salary structure analysis to determine the current position structure, internal relationships inside departments, and shared position relationships between different departments. The goal was to support standardization of the structure to enhance succession planning and employee retention. The City has established a salary structure for all positions represented in CTFP.

To provide consistent structure throughout the organization, staff developed a general structure standard using a strategy known as benchmarking, which is simply identifying a position within a classifications series that has been proven to be consistently compared to similar positions in comparison cities during Clovis' triennial salary survey. Once a position has been designated as a benchmark, other positions within the same job family are assigned a goal percentage difference in salary. This difference in salary can be above the benchmark position, or it may be below the

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benchmark position, depending on the structure of the job family. The position also may be set to be the same as a similar position with similar duties in another department or bargaining unit.

There are several advantages to the benchmark strategy, including consistency across roles and departments along with budget control and predictability. Additionally, this change will allow a higher degree of workforce planning, which is paramount as roles within the City continue to change and additional jobs are added. And finally, and most importantly, salary transparency builds trust with employees.

Through the meet and confer process, the City and CTFP mutually agreed upon the terms in the Side Letter Agreement.

Fiscal Impact:

None.

Reason for Recommendation:

A resolution by the City Council is required to authorize the execution of a Side Letter Agreement between the City and CTFP.

Actions Following Approval:

The Side Letter Agreement between the City and CTFP will be executed.

Conflict of Interest:

None.

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ATTACHMENT 1
RESOLUTION 26-

RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CLOVIS

APPROVING A SIDE LETTER AGREEMENT WITH THE

CLOVIS TECHNICAL AND FINANCIAL PROFESSIONALS (CTFP)

WHEREAS, the City conducted a comprehensive salary structure analysis to determine the current position structure; and

WHEREAS, the goal was to support standardization of the structure to enhance succession planning and employee retention; and

WHEREAS, the City has established a salary structure for all positions represented in CTFP; and

WHEREAS, CTFP and the City representatives met and conferred on the side letter and are in agreement.

NOW, THEREFORE, BE IT RESOLVED, that the City of Clovis approves the Side Letter Agreement with CTFP (Attachment A) and authorizes the City Manager to sign the agreement.

* * * * * *

The foregoing Resolution was introduced and adopted at a regular meeting of the City Council of the City of Clovis held on May 18, 2026, by the following vote to wit:

AYES:

NOES:

ABSENT:

ABSTAIN:

DATED: May 18, 2026

___________________________ __________________________ Mayor City Clerk

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ATTACHMENT A

Side Letter Agreement to the 2025-2028 Memorandum of
Understanding Between the City of Clovis and the
Clovis Technical and Financial Professionals (CTFP)

The City of Clovis (“The City”) and the CTFP mutually agree to this Side Letter Agreement.

This Side Letter Agreement will be incorporated into the Memorandum of Understanding between the City of Clovis and CTFP(“MOU”). Except as amended herein, each and every term and condition of the MOU shall remain in full force and effect.

The City has conducted a salary structure analysis of all job classifications throughout the city, including those located within the bargaining unit represented by CTFP. CTFP agrees to the adoption of the salary structure for all positions represented in the bargaining unit as found in Exhibit A, attached.

This Side Letter Agreement will become effective May 18, 2026, when approved by the City Council and fully executed by the parties.

For the CITY: For the ASSOCIATION:

___________________________ _____________________________ Andrew Haussler, City Manager Hung Vu, CTFP President

___________________________ _____________________________ Scott G. Cross, City Attorney Lee Xiong, CTFP Vice President

ATTEST: ________________________
Briana Parra, City Clerk

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EXHIBIT A
Salary Structure

Position Title Position Relationship
Senior Accountant 10% Above Accountant
Accountant Benchmark
Finance Business Systems Analyst
Same as Senior Information Technology
Analyst
Lead Accounting Systems Technician
10% Above Sr. Accounting Systems
Technician
Senior Accounting Systems Technician Benchmark
Information Technology Cybersecurity
Analyst
Same as Senior Information Technology
Analyst
Senior Information Technology Analyst
10% Above Information Technology
Analyst
Information Technology Analyst Benchmark
Senior Information Technology Specialist
10% Above Information Technology
Specialist
Information Technology Specialist Benchmark
Information Technology Technician Benchmark

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Report to the City Council

To: City Council
From: General Services Department
Date: May 18, 2026
Staff: Bethany Berube, Deputy General Services Director Subject: General Services – Approval to Waive the City’s Usual Purchasing Requirements and Authorize the City Manager to Approve the Purchase of Seven (7) FrontRunners and One (1) Class C – Ford E450 Cutaway Bus for $1,866,429.95 Utilizing the California Association for Coordinated Transportation (CalACT) Competitive Bid Award.

Recommendation: Approve
Attachments:

1. Vehicle Purchase ATT 1 FrontRunner Quote

2. Vehicle Purchase ATT 2 Ford E450 Quote

Recommendation:

For the City Council to waive the usual purchasing requirements and authorize the City Manager to approve a revised vehicle purchase utilizing the California Association for Coordinated Transportation (CalACT) cooperative bid award. This action updates the previously approved purchase on April 20, 2026, to reflect a revised vehicle configuration of seven (7) FrontRunners and one (1) Class C – Ford E450 Cutaway Bus, ensuring alignment with programmed funding amounts. The total project cost remains consistent with prior Council authorization.

Executive Summary:

Staff recommends the purchase of seven (7) FrontRunners and one (1) Class C – Ford E450 Cutaway Bus through Davey Coach. These vehicles will be added to Clovis Transit’s existing fleet to support fixed-route service and enhance overall service delivery.

The cost of the seven (7) FrontRunners is $1,694,837.06, and the cost of one (1) Class C – Ford E450 is $171,592.89, for a total project cost of $1,866,429.95.

This revised vehicle configuration aligns with programmed funding levels in the Federal Transportation Improvement Program (FTIP). Costs associated with the vehicles will be funded through a combination of Federal Transit Administration (FTA) Sections 5307 and 5339 funds and Transportation Development Credits (TDCs). Clovis Transit’s use of the CalACT cooperative purchasing program is consistent with the City of Clovis Purchasing Policy, Section IV, C, 1, b, (1).

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Background:

Clovis Transit will purchase additional vehicles to support our growing community, to meet the increasing demand for fixed-route services, and to accommodate the newly implemented fixed-route redesign.

In 2010, following the end of the Caltrans purchasing cooperative, CalACT created a purchasing cooperative administered by Basin Transit Authority to assist small and medium-sized transit agencies with vehicle procurements.

The CalACT purchasing cooperative awards bid positions in accordance with the Federal Transit Administration and California Department of Transportation regulations and has been audited by both agencies with no findings. The purchasing cooperative is also compliant with Buy America requirements. The purchase of transit vehicles requires technical expertise and a broad scope of knowledge of bus manufacturing concepts. By utilizing the cooperative and most recent agreement RFP No. 20-01, Clovis Transit can purchase the vehicles our operation needs at a competitive cost for a 1.5% procurement fee.

Vehicle specifications and options were listed in the CalACT request for proposal and the vendor’s proposals. These specifications meet or exceed our transit operation’s desired vehicle design and capacity. The FrontRunner has a single-step curb height entrance to a true flat floor and is designed to hold up to fourteen (14) passengers or ten (10) passengers and two (2) mobility devices. The Class C – Ford E450 has the capacity of twenty-one (21) passengers or fifteen (15) passengers with two (2) mobility devices.

Fiscal Impact:

Federal Transit Administration (FTA) funds and Transportation Development Credits (TDCs) held in the City’s Transit fund account for the purchase of transit vehicles. Vehicle purchases were included in the 2025/2026 fiscal year budget.

Pricing for the recommended purchase is as follows:
• Proposed seven (7) FrontRunners, including options, tax, and procurement fee:
$1,694,837.06.
• Proposed one (1) Class C – Ford E450 Cutaway Bus, including options, tax, and procurement fee: $171,592.89

Total: $1,866,429.95

Reason for Recommendation:

Two primary requirements guide the purchase of new vehicles:
• Several Clovis Transit vehicles have exceeded their useful life. The current fleet includes eight (8) vehicles with an average mileage of 377,498 miles, with the highest mileage reaching 410,816 miles. Two (2) vehicles have over 400,000 miles and six vehicles have well over 300,000 miles.
• Due to the newly implemented fixed route redesign, Clovis Transit requires additional vehicles to accommodate the expansion from two (2) routes to eight (8) routes. The expansion of routes

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necessitates a substantial increase in the number of transit vehicles to support service needs.

Actions Following Approval:

Following approval, transit staff will prepare a purchase order for the City Manager’s approval, and vehicles will be ordered. Vehicles are expected to be delivered within six to nine months.

Conflict of Interest:

None.

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MBTA 20-01 Quotation
Contract # 20-01
Comer Hobbs
12380 Firestone Blvd
Norwalk, CA 90650
[email protected]
(424) 901-3301
Date:

End User:

Contact:

Address:

City:

State:

Zip:

Phone:

Email:

EXTENDED
QTY. PART_ID DESCRIPTION ADDITIONAL INFO. UM UNIT_PRICE PRICE 0 1 23' - 10-passenger New England Wheels FrontRunner - 23'/10+2 EA 162,883.00$ $162,883 1 Option #28 Additional Mobility Aid Position - 360, Per Position EA 1,291.00$ $1,291 1 Option #43 REI PA System, 4 Interior & 1 ADA Exterior Speaker EA 934.00$ $934 1 Option #109 Stop Request System (w/ sign) EA 2,247.00$ $2,247 1 Option #110 Hanover Front and Side Destination Signs EA 6,034.00$ $6,034 1 Option #136 Full Air Suspension Front/Rear EA 5,821.00$ $5,821 1 Option #137 Ventura Plug Door EA 8,887.00$ $8,887 1 Unpublished Option Sportworks 2-positin Bike Rack Mounted Internally EA 4,358.00$ $4,358 1 Unpublished Option Full Exterior Wrap Design TBD - 3M Vinyl EA 16,125.00$ $16,125 1 Unpublished Option IT Cabinet Mounted in Co-Pilot Seat Area EA 1,415.00$ $1,415 1 Unpublished Option Credit - Gaseous Prep Package EA (806.00)$ -$806 6 Unpublished Option Freedman Wall Seat Aisle Facing EA 1,005.00$ $6,030 Base Unit Cost $162,883.00
Published Options: 25,214.00$
Non-Published Options: 27,122.00$
Total of all Options: $52,336.00
Subtotal of Order: $215,219.00
ADA Non-Taxable: $26,879.00
CalACT Administrative Fee $3,228.29
9/8/25 Pricing
Registration/DMV $58.00
CA Tire & Battery Fee ($1.75 per tire &
$2.00 per battery) $11.00
Delivery Zone #3 $6,148.00
Sales Tax @ 8.975% $17,455.30
TOTAL: $242,119.58
QUANTITY: 7
GRAND TOTAL: $1,694,837.06
Amount Removed from the total price to calculate Sales Tax: $26,879.00 Sales Tax Subject to Change at or near Delivery
***Delivery Estimate Q3 ARO***
93612
559-324-2770
[email protected]

05.06.26 City of Clovis
Bethany Berube
785 Third Street
Clovis
CA

Page 1 of 1 ends

Attachment 1

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DODGE PROMASTER FRONTRUNNER 9 PASSENGERS + 3 WC
8 PASSENGERS, 3 WC (or 10+2, 12+1 or 14+0) + DRIVER
FORWARD SEATING, 6 SINGLE FLIP DOWN SEATS & FRONT RAMP
180” 272” 176” SLIDE-and-CLICK WC SECUREMENTS

CHASSIS MODEL BUS MODEL PASSENGER CAPACITYCHASSIS

WHEEL BASE OVERALL LENGTH ADDITIONAL FEATURESFLOOR LENGTH

41.00 CLEAR DOOR OPENING
175.64
272.20

96.06 OVERALL
WIDTH

34.00 89.60

INTERIOR
WIDTH

28.00 HIP TO KNEE

48.00 ADA WHEELCHAIR 30" X 48

60.00 FOR EXTENDED WHEELCAHIR

48.00 ADA WHEELCHAIR 30" X 48"

48.00 WHEELCHAIR ADA 30" X 48" MANUAL WHEELCHAIR RAMP

FREEDMAN DOUBLE
3PT SEAT 4 PLCS

GRABRAIL

FREEDMAN BANTAM SIDE
FACING FLIP SEAT 4 PLACES

GRABRAIL

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CalACT
Contract # 20-01
12380 Firestone Blvd
Norwalk, CA 90650
[email protected]
(424) 901-3301
Date:

End User:

Contact:

Address:

City:

State:

Zip:

Phone:

Email:

EXTENDED
QTY. PART_ID DESCRIPTION ADDITIONAL INFO. UM UNIT_PRICE PRICE 1 1 Class C - Ford E450 - Front Lift Turtle Top Terra Transit - 14 Ambulatory + 2 W/C - Front Lift EA 113,379.00$ $113,379
4 1 Freedman Foldaway Seat (double) EA 1,317.00$ $5,268 1 2 34"-36" Freedman Flip Seat (featherweight) EA 1,143.00$ $1,143 1 12 USSC G2 E Drivers Seat (If not standard) EA 1,890.00$ $1,890 1 14 ADNIK Power Seat Base EA 616.00$ $616
1 25 Raised Flat Floor - (3 Step Entry) EA 712.00$ $712 2 31 Qstraint Deluxe (8100) credit per set of 4 EA (388.00)$ -$776 1 40 Braun NCL 1000 (1k lbs capacity lift) EA 549.00$ $549 1 42 Lift Pad Cover EA 165.00$ $165
1 48 REI PA system (4 interior, 1 exterior ADA sokr) EA 694.00$ $694 1 56 Transair TA77R90 (Super 13 90k) Roof Top System EA 8,341.00$ $8,341 1 76 Intermotive Break Out Box (Multi Access Hub) EA $0 1 77 Cruise Control Standard EA N/A
1 79 Sportworks bike rack (black 2 bike) EA 2,726.00$ $2,726 1 82 CrossOver Mirror EA 1,152.00$ $1,152
1 84 Roof Vent EA 397.00$ $397
1 91 Dialight Exterior LED **********Not Available********** EA N/A 1 95 Farebox rail/prewire EA 287.00$ $287
1 102 Rear Backup Camera and Monitor EA 583.00$ $583 1 116 Stop Request System (w/ sign) EA 1,077.00$ $1,077 1 117 Hanover Front and Side Destination Signs EA 6,807.00$ $6,807 1 Unpublished Option Exterior Paint - One Color, Roof Remains White Not Needed - Wrapping Bus EA -$ $0 1 Unpublished Option Front Monitor Mounted Behind Driver on Shield To be Purhased & Installed by Passio Technoligies after delivery EA -$ $0
1 Unpublished Option Floorplan will have 5-across Rear Row Includes Adding One Seat EA 346.00$ $346 16 Unpublished Option Freedman ABS Seat Backs All Seats Except Rear Row EA 82.00$ $1,312 1 Unpublished Option Exterior Graphics - Full Installation 3M Materials EA 5,734.00$ $5,734 Base Unit Cost $113,379.00
Ford Mobility Rebate: $1,000.00
Published Options: 31,631.00$
Non-Published Options: 7,392.00$
Total of all Options: $39,023.00
Subtotal of Order: $153,402.00
ADA Non-Taxable: $25,028.00
CalACT Administrative Fee $2,301.03
9/8/25 Pricing
Registration/DMV $58.00
CA Tire & Battery Fee ($1.75 per tire &
$2.00 per battery) $14.50
Ford Mobility Rebate: -$1,000.00
Delivery Zone #3: $4,942.00
Sales Tax @ 8.975% $11,875.36
TOTAL: $171,592.89
QUANTITY: 1
GRAND TOTAL: $171,592.89
Amount Removed from the total price to calculate Sales Tax: $25,028.00 Sales Tax Subject to Change at or near Delivery
***Delivery Estimate 6 months ARO***
93612
559-324-2770
[email protected]

05.06.26 City of Clovis
Bethany Berube
785 Third Street
Clovis
CA

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Attachment 2

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FILE NAME :

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bus in the industry in both quality of material
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FLOOR LENGTH:

CHASSIS MAKE:TURTLE TOP BODY MODEL:

SCALE:

DATE:

DRAFTSMAN: DRAWING NUMBER:

DIMENSIONING TOLERANCE = +/- 3"
CHASSIS GVWR:

ORDER NUMBER:

REVISION:

CONTACT TURTLE TOP AT 800-269-2105 FOR

AVAILABILITY OF THIS FLOOR LAYOUT IF
DRAWING DATE HAS EXCEEDED 90 DAYS.

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Report to the City Council

To: City Council
From: Planning and Development Services Department
Date: May 18, 2026
Staff: Thad Avery, City Engineer
Subject: Planning and Development Services – Approval – Pre-Authorize the City Manager to Award the CIP 24-16 Ashlan Avenue Street Improvements to the Lowest Responsible Bidder; and Authorize the City Manager to Execute the Contract on Behalf of the City.

Recommendation: Approve
Attachments:

1. CIP 24-16 Bid Award ATT 1 Vicinity Map

Recommendation:

For the City Council to pre-authorize the City Manager to award the subject project to the lowest responsible bidder; and authorize the City Manager to execute the contract on behalf of the City.

Executive Summary:

Staff is recommending that City Council pre-authorize the City Manager to award and execute the contract to the lowest responsible bidder so the contractor may start and complete construction in a timely manner.

The project involves ±0.75-mile of street rehabilitation on Ashlan Avenue from Winery Avenue to Peach Avenue. Project improvements include pulverizing in place and replacing A.C. pavement; reconstructing curb ramps, concrete valley gutter, concrete curb and gutter, concrete median island curb and cap, and concrete sidewalk; adjustment of existing utility manholes and utility valve boxes to finish grades; replacement of traffic striping, markings and signage, traffic loop detectors; and traffic signal modification.

Background:

The project plans and specifications have been made available to prospective bidders. The bid opening is scheduled for May 19, 2026. The construction cost is estimated at $1,552,269.50. The apparent low bidder will be determined following the bid opening process, and the project award will take place after staff has validated the bidder’s license status through the California State Contractor’s Board and has submitted all the required paperwork.

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Fiscal Impact:

This project was budgeted in the 2025-2026 Community Investment Program. The project is supported by Surface Transportation Block Grant (STBG) Program funding. The construction cost has been estimated as noted above and funding is available and allocated at this amount. Staff will evaluate the lowest responsible bids in comparison with the estimated construction costs and will execute the contracts only if the lowest bid is financially responsive to the allocated funding.

Reason for Recommendation:

Staff is requesting that the City Council pre-authorize the City Manager to award and execute the contract for the project to the lowest responsible bidder that meets the contract requirements. Pre- authorization for awarding of this project will allow the Engineering Division to continue timely delivery of the project.

Actions Following Approval:

1. Staff will open bids and determine the lowest responsible bidder for the project, and City Council will receive a report of the bid award.

2. The contract will be prepared and executed, subject to the Contractor providing performance security that is satisfactory to the City.

3. Construction will begin approximately two (2) weeks after contract execution and be completed in forty (40) working days thereafter.

Conflict of Interest:

None.

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0 1 20.5
Miles
International
Shaw
Gettysburg
Copper
Dakota
Behymer
Perrin
Shepherd
T eague
Nees
Sierra
Bullard
Barstow
Ashlan
DockeryThompsonHighlandLeonardDeWolfLocanT emperanceArmstrongFowlerSunnysideClovisMinnewawaPeachWillow Shields
Alluvial
Herndon
McCall

VICINITY MAP
Legend
City Limits
Sphere of Influence
Tiffany Ljuba-Silguero
Print Date: May 6, 2026
CIP 24-16 Ashlan Avenue Street Improvements
Project Location
Attachment 1

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Report to the City Council

To: City Council
From: Planning and Development Services Department
Date: May 18, 2026
Staff: Thad Avery, City Engineer
Subject: Planning and Development Services – Approval – Final Acceptance for Final Map for Tract 5550 acceptance of public improvements with authorization to record the Notice of Completion and release of sureties as required, located on the north side of Teague Avenue, between Fowler and Armstrong Avenues (GVM Development, LLC, Granville Homes).

Recommendation: Approve
Attachments:

1. TM 5550 Final Acceptance ATT 1 - Vicinity Map

Recommendation:

For the City Council to:

1. Accept the public improvements for Tract 5550; and authorize recording of the Notice of Completion; and

2. Authorize the release of the Performance Surety immediately and then release of the Labor and Materials Surety ninety (90) days after the recordation of the Notice of Completion (provided no lien has been filed) and release of Public Improvements Maintenance Surety upon the expiration of the one-year warranty period and provided any defective work has been repaired to the City’s satisfaction.

Executive Summary:

The owner, GVM Development, LLC, Granville Homes, has requested final acceptance of the public improvements constructed or installed in conjunction with this tract. The public improvements include all those shown on the subdivision improvement plans approved by the City Engineer except the improvements that are shown outside city limits. The requirement for the improvements outside city limits was removed upon the County of Fresno's request. The construction or installation of public improvements within the city is complete. The owner has requested final acceptance. Staff is recommending approval of their request.

All landscaping, including sidewalks along the side yards of lots, has been constructed. The

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construction or installation of the public improvements is complete. The owner has requested final acceptance. Staff is recommending approval of their request.

Background:

City inspection staff, including those of the various affected departments, has certified that all the public improvements requested for acceptance has been constructed or installed in accordance with the approved plans, specifications and standards, and to the satisfaction of the City Engineer. The developer has furnished the required Maintenance Surety to guarantee the accepted public improvements for a period of one year from the date of Council acceptance.

Fiscal Impact:

The costs for periodic routine maintenance, as well as repairs needed as the improvements deteriorate with age and usage, will be incorporated into the annual maintenance budget of the Public Utilities Department as these costs are identified.

Reason for Recommendation:

The Subdivision Map Act requires that once construction of the required improvements has been completed in compliance with all codes, plans and specifications, and all other required documents have been completed and submitted, final acceptance is required and the appropriate sureties are released.

Actions Following Approval:

Record the Notice of Completion and release the Performance, Labor and Materials, and Maintenance Sureties as appropriate.

Conflict of Interest:

None.

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International
Shaw
Gettysburg
Copper
Dakota
Behymer
Perrin
Shepherd
T eague
Nees
Sierra
Bullard
Barstow
Ashlan
DockeryThompsonHighlandLeonardDeWolfLocanT emperanceArmstrongFowlerSunnysideClovisMinnewawaPeachWillow Shields
Alluvial
Herndon
McCall

VICINITY MAP
Legend
City Limits
Sphere of Influence
Ruben Amavizca
Print Date: May 06, 2026
TM 5550 (GVM Development, LLC, Granville Homes)
Project Location
Attachment 1

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Report to the City Council

To: City Council
From: Finance Department
Date: May 18, 2026
Staff: Jay Schengel, Finance Director
Subject: Consider Review and Introduction – Res. 26-___, 2026-27 City of Clovis Annual Budget, Five-Year Capital Improvement Program, Measure Y, and information regarding the Clovis Successor Agency.
a. Finance Department (Jay Schengel)
b. City Council/City Attorney/City Manager/City Clerk (Andrew Haussler) c. Police Department (Curt Fleming)
d. Fire Department (Chris Ekk)
e. Public Utilities Department (Scott Redelfs)
f. Planning and Development Services/Community Investment Program (Renee Mathis)
g. General Services Department (Amy Hance)
h. Economic Development, Housing, and Communications (Chad McCollum) Recommendation: Receive Introduction and continue the public hearing to June 1, 2026.

Attachments:

1. Budget 26-27 ATT 1 Res. 26-__

2. Budget 26-27 ATT 2 City of Clovis Annual Budget

Recommendation:

Receive the 2026-27 City of Clovis Annual Budget and open the public hearing for departmental review and comment, continue the public hearing to June 1, 2026, and adopt the budget resolution no later than June 30, 2026.

Executive Summary:

According to the Municipal Code, the City Manager is responsible for providing the City Council with a recommended annual budget prior to commencement of the succeeding fiscal year and by no later than the third regular Council meeting in May. The Annual Budget is a plan for the financial operations of the City and includes a spending plan for all City operations, a five-year community investment program, and estimated revenues for the upcoming fiscal year.

The purpose of the budget is to enable the City Council to make financial plans for current and long-

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term expenditure needs, to ensure that executive management is administering the plans as set forth, and to allow citizens and investors with an opportunity to form opinions about the financial policies and administration of the City.

Background:

The 2026-27 Annual Budget for general operations and capital improvement programs is $429.7 million.

This includes $47.6 million in capital improvement projects known as the City’s Community Investment Program (CIP). The 2026-27 Annual Budget is the spending plan for community investment in local services such as public safety, parks and recreation, transit, streets, water and sewer, and repairs/maintenance of public facilities. The Annual Budget is also the spending plan for investment in infrastructure for the community. The Annual Budget provides for a range of public services and focuses on those services that are essential to our citizens. Continuing prudent fiscal decisions and ongoing economic development initiatives enable the City to grow service levels and remain fiscally sustainable.

Guided by ongoing community feedback, the 2026-2027 Annual Budget remains heavily focused on the number one priority identified by our residents: maintaining Clovis as a safe community. To support this, the budget proposes continued, targeted investments across essential City departments. These allocations support public safety—including Police and Fire—as well as street and park maintenance, recreation opportunities, senior services, city cleanliness, and administrative support. The proposed new positions include police officers, communication service officers, information technology personnel, maintenance workers, and administrative personnel, all dedicated to enhancing City services.

To help protect the community during emergencies or unexpected financial challenges, the budget sets aside $28.1 million in the City’s Emergency Reserve. This is an increase of $7.1 million from last year and brings the reserve balance to 20% of annual expenditures. Reaching this level meets the prudent 20%–25% reserve target recommended by independent auditors to help ensure essential city services can continue during economic downturns or other unforeseen events.

The 2026-27 Annual Budget highlights include:

Enhance Public Safety. Public safety is a core service to the City.

1. Increase of 6 sworn Police personnel bringing the total authorized to 141 officers.

2. Add critical support staff positions to enable officers and firefighters to keep Clovis safe.

3. The budget provides for the replacement of 20 vehicles and 9 new vehicles in the Police Department, along with a new crisis negotiation vehicle and 2 motorcycles.

4. Construct the alternate dispatch center for the Police Department.

5. Make upgrades to the jail control systems and elevator.

6. The Fire Department hired 6 new firefighters with grant funding in fiscal year 2025-2026. The budget provides 1 replacement light duty vehicle and 2 type 6 vehicles for the new firefighters.

7. Prepare to acquire for the future Fire Station 7. Make Improvements to existing Fire Stations to address deferred maintenance.

Continue the Impact of Measure Y. Approved by 66.9% of voters in the November 2024 election, Measure Y, a 1% local sales tax, continues to provide the critical funding necessary to preserve the Clovis way of life. The goals of Measure Y, as mandated by the voters, are:

1. Maintaining Public Safety

2. Keeping Clovis Safe & Clean

3. Retaining Small Businesses & Jobs

4. Protecting Local Drinking Water Sources

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5. Repairing Streets & Roads

6. Addressing Homelessness

7. Maintaining Youth & Parks Programs

8. Other General Services

9. Spending Disclosure/Spent Locally
For the 2026-2027 fiscal year, it is projected that Measure Y will generate $31.3 million in revenues.

Measure Y continues to have a profoundly positive impact on the safety and security of our community.

The budget maximizes these funds through strategic investments that directly support our first responders, funding vital new public safety initiatives and protecting essential Police and Fire services within the General Fund. Additionally, the City is utilizing $4 million in savings from the prior year's Measure Y fund balance to responsibly catch up on deferred public safety fleet replacements. This strategic transfer begins a multi-year effort to retire aging emergency vehicles. Further details are available in the Measure Y section of the budget document.

Provide Neighborhood Investments. This is an ongoing, long-term effort to improve community appearance, stabilize neighborhoods, enhance amenities in older areas, and foster economic opportunities. These investments total $17.7 million in the proposed 2026-2027 budget, building on investments from 2023-2024 to 2025-2026 of over $48 million, including the following for the 2026-2027 fiscal year:

1. Affordable Housing Programs Continue Unprecedented Level of Investment of over $6 million in Grant and City funding.

2. Active code enforcement will continue with a cross-department effort.

3. Public street improvements. Reconstruct or Design:
a. Design Sunnyside and Nees Avenues Traffic Signal
b. Design Armstrong – Gould Canal to Shaw Avenues
c. Design Ashlan Avenue – Temperance to Locan Avenues
d. Design Barstow Avenue – Armstrong to Locan Avenues
e. Design Bullard Avenue – Willow to Villa & Sunnyside to Fowler Avenues f. Design Fowler Avenue – Barstow to Tollhouse Avenues
g. Design Gettysburg Avenue – Sunnyside to Fowler & Temperance to Locan Avenues h. Design Minnewawa Avenue – Nees to Teague Avenues
i. Design Peach Avenue – Gettysburg to Shaw Avenues
j. Design Shaw Avenue – SR 168 to Willow & Temperance to Locan Avenues k. Design Willow Avenue – Gettysburg to Shaw & Herndon to Alluvial Avenues l. Reconstruct Armstrong Avenue – Shaw to Barstow Avenues m. Reconstruct Herndon Avenue – Villa to Clovis Avenues n. Reconstruct Willow Avenue – Barstow to Sierra Avenues o. Construction of Shaw Avenue from De Wolf to Leonard Avenues to serve the Loma Vista Community
p. Construct ADA Improvements as part of various street improvement projects

4. Trail Improvements. Installation of lighting along Dry Creek Trail and Wayfinding Signage to guide residents and a pedestrian bridge to connect Cottonwood Park to the Dry Creek Business Park.

5. Alley Improvements. Reconstruct various alleys in eligible lower-income neighborhoods.

6. Economic Development Investments.
a. Revitalization planning for underutilized Shaw Avenue commercial properties.

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b. Offer small and micro-business incubation services in Southwest Clovis in partnership with the Clovis Culinary Center and regional partners.
c. Continue marketing the area for retail and job-generating uses to serve adjacent neighborhoods and the City as a whole.
d. Adding a staff position to add to the City’s ability to assist business and attract new investments.

Provide Fiscal Security. To safeguard the community against unforeseen challenges, the budget allocates a total of $28.1 million to the Emergency Reserve. This represents a $7.1 million increase from last year, bringing the reserve to 20% of expenditures. Achieving this level meets the 20%-25% prudent target recommended by independent auditors to protect essential city services from unexpected losses.

Utilization of these funds requires a 4/5ths vote of the City Council.

Further Secure Water Supplies and Systems.

1. Continue investments with the Fresno Irrigation District for the firm surface water supply.

2. Improve treatment at the Surface Water Treatment Plant and City water wells to improve the quality and quantity of potable water and increase groundwater recharge through existing and new facilities.

3. Review Wastewater diversion improvements to increase the capacity of the Sewer System.

4. Update the Water Master Plan.

Invest in Employees. The budget includes a budgeted cost of living increase and funds for employee benefits. Funds for training and educational opportunities have been included and encouraged to be used to allow employees to reach their full potential at the City.

Invest in Planning our Future. The budget includes funding for the update to the General Plan.

Invest in the City’s Economic Future. Staff will be actively working on attracting commercial and industrial businesses to Clovis to add jobs and revenues to the City. Staff will continue to make strategic marketing efforts aimed at top revenue-producing businesses to support the financial needs of the City.

Relationships are being established and maintained with critical development partners in the community and projects are assisted through the development process. Staff will also be working with regional partners to develop entrepreneurial and small business growth resources. Staff will continue a focused marketing effort on reinforcing Clovis as a medical hub for services, education, and research. To bolster this effort, an additional staff position is proposed, the first expansion of economic development staff since the elimination of redevelopment agencies nearly 15 years ago.

Expand the Trail System and Parks. City funds are budgeted to design and construct a new park in the Loma Vista area that will also allow for groundwater recharge. Additional crews are being added to better maintain General Fund Parks and trails.

Recreation Investments. $250,000 allocated to make repairs and improvements to the Recreation Center.

Increase the Reserve and Address Past Funding Shortfalls. This budget includes funding to reach a 20% Emergency Reserve, funding to catch up the fleet fund, and fund balances to address facilities issues once an included comprehensive Facilities Master Plan is completed.

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The General Fund and Measure Y Fund are the only sources of discretionary funding used for basic government services such as public safety, streets, parks, recreation, and senior services. The proposed General Fund Budget is balanced using Measure Y, a newly approved 1% sales that was implemented on April 1, 2025. This new revenue stream has provided an enormous opportunity to the City from our citizens, to ensure that we not only remain financially stable, but maintain services to meet the community’s needs and key priorities. Total General Fund Expenditures including Measure Y are projected at $140.4 million and represent an increase of 8% compared to the estimated expenditures for 2026-2027. Total General Fund Revenues including Measure Y are projected at $148.7 million, which is an increase of 3% when compared to the estimated revenues for 2026-2027.

The Executive Summary and Introduction Sections of the Annual Budget provide an overview of the important goals, target actions, resulting projects, and fiscal overview addressed within the budget. The Annual Budget presented to the City Council addresses the goals by which the community will measure its success, meets the most essential service needs for the community, provides substantial investment in planned maintenance of sewer, water, and street facilities, directs resources to economic development and support for job creation, continues the effort to plan for the community, and is balanced, with prudent emergency reserve funding set aside, as requested by the Council. For these reasons, the budget is recommended for consideration and adoption by the City Council.

Attached is the Budget Document containing additional summary narratives, details of revenues, expenditures, personnel, and debt and capital projects.

Fiscal Impact:

In accordance with the Municipal Code, and in compliance with State law, the City Council is required to adopt a balanced annual budget for each fiscal year by June 30, 2026. The Annual Budget provides a spending plan for the upcoming year that is balanced keeping expenditures in line with revenues; includes a five-year community investment program; includes a detailed section on Measure Y revenues, expenditures and goals; includes a prudent reserve of funds for emergencies and unforeseen events; and authorizes position allocations, all as approved by the Council.

Reason for Recommendation:

The City Council must conduct a public hearing to provide an opportunity for the public to comment on the proposed Annual Budget; must review the proposal to determine that the financial plan fairly represents the fiscal policies and priorities of the City Council; and is required by local ordinance, in compliance with State law, to adopt a balanced budget by no later than June 30, 2026. If the Council fails to adopt a budget by that date, then the City Manager’s proposed budget will automatically become effective to avoid any interruption in City operations, but no capital projects or capital

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purchases would be allowed until final action by the City Council.

Actions Following Approval:

On May 18, 2026, the 2026-27 City of Clovis Annual Budget will be presented with a recommendation to open the public hearing for departmental review and comment, continue the public hearings to June 1, 2026, for further Council input and adopt the budget resolution no later than June 30, 2026.

Copies of the recommended Annual Budget will be available for review by the public on May 18, 2026, and prior to the budget hearing at City Hall and on the City’s website found at ClovisCA.Gov.

Conflict of Interest:

None.

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ATTACHMENT 1
RESOLUTION 26-__

RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CLOVIS APPROVING THE ANNUAL BUDGET FOR FISCAL YEAR 2026-2027, ORDERING TRANSFERS, AND

ADOPTING THE SUMMARY OF APPROPRIATIONS BY FUND AND DEPARTMENT AND OTHER NECESSARY ACTIONS RELATED TO APPROVING THE 2026-2027 BUDGET

WHEREAS, the City Council is required to adopt the Budget by June 30 of each year; and

WHEREAS, the Council has conducted a public hearing on the recommended 2026-2027 Budget; and

WHEREAS, the adoption of Proposition 111 on June 5, 1990, requires the Council to adopt an Appropriation Limit; and

WHEREAS, the Council intends to establish the City's Appropriation Limit in conformance with the provisions of Proposition 111; and

WHEREAS, the City Council finds it necessary to adopt the 2026-2027 Budget.

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

*Note: Exhibits A – E will be available at the June 1, 2026, meeting.

1. The 2026-2027 Annual Budget and corresponding Personnel Allocation is approved.

2. The City Council approves and orders the transfer of monies in and out of various funds as set forth in the "Notes to Resources and Appropriations Summary" of said 2026-2027 Budget Book.

3. The “Summary of Expenditures/Expenses 2026-2027 by Department within Fund-Legal Level of Budgetary Control" attached as Exhibit A is approved.

4. The Appropriation Limit as calculated and shown on Page 9 of the 2026-2027 Budget book is approved for $481,707,022.

5. The Council orders that any budget savings or unanticipated revenue be transferred to reserves in accordance with the Appropriation Limit.

6. Any amendments to the appropriations as may be subsequently approved by the Council shall be in conformance with Section 2-8.11, Section 2-8.13 and Section 2-8.17 of the Clovis Municipal Code.

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7. The City Council orders that $28,099,000 of the Fund Balance from the City's General Fund be designated as Emergency Reserve.

8. The City Council approves the Five-Year Capital Improvement Program that is included within the Annual Budget.

9. The Clovis Redevelopment Successor Agency’s information is included in the City budget and accounting systems for administrative purposes and is shown in Exhibit A.

10. The updated Monthly Salary Schedules by bargaining group are attached as Exhibit B.

11. The City Council will implement the approved 3% annual increase in sewer user rates and will refund in full the $7.30 per month sewer bond surcharge thereby adopting the fees itemized in Exhibit C.

12. The City Council will implement the approved annual 4% increase in rates for refuse, residential recycling, organics, and street sweeping as shown in Exhibit D.

13. The City Council will not implement the approved 3% annual increase in water user rates thereby adopting the fees itemized in Exhibit E. The non-drought rates on Exhibit E will be in effect for 2026-2027.

* * * * *

The foregoing resolution was introduced and adopted at a regular meeting of the City Council of the City of Clovis held on May 18, 2026, by the following vote, to wit:

AYES:

NOES:

ABSENT:

ABSTAIN:

DATED:

______________________________ ______________________________ Mayor City Clerk

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RECOMMENDED
2026-2027
Annual Budget
Including Five-Year Community Investment Program
Attachment 2

Page 88 of 429 ends

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CITY OF CLOVIS
2026 - 2027
BUDGET
Submitted to City Council
May 18, 2026
___________________________________
Vong Mouanoutoua
Mayor
Diane Pearce
Mayor Pro-
Tem
Lynne Ashbeck
Council Member
Drew Bessinger
Council Member
Matt Basgall
Council Member

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HOW TO USE THIS BUDGET
This Budget document has been designed to
provide the public concise and readable information
about the City of Clovis. The Budget explains the
services and objectives, annual spending plan for
2026-2027, debt obligations, and other vital
information about the operations of the City.

This Budget document is separated into eleven
sections, designated by tabbed pages that provide
quick identification of its contents. The Table of
Contents lists every subject covered in this
document and the associated page number.

The tabbed pages include brief descriptions of the
data within each section. The following are the
eleven major sections and a brief explanation of
each:

Table of Contents
A listing of all major sections, subsections, and the
associated page numbers.

Executive Summary
The Executive Summary Section includes the City
Manager's letter to the Mayor, City Council, and
residents of the City of Clovis which provides an
overview of the recommended Budget and its
objectives, policies and goals, a discussion of
funding for City services, a discussion of major
capital projects, and a general economic outlook for
the City.

Introduction
The Introduction Section provides general
information about the City, long-range goals, major
policies, financial policies, discretionary revenues,
economic outlook, basis of budgeting, budget
process and calendar, budgetary controls,
appropriation limitation, fund descriptions, and
organizational charts.

Summary of Revenues and Expenditures
The Summary of Revenues and Expenditures
Section provides several summary presentations of
financial transactions contained in the
recommended Budget and a listing of primary
revenue sources for the General Fund.

Personnel
The Personnel Section provides a summary and a
detailed list of all the employee positions and the
proposed changes in the recommended Budget.

Operations
The Operations Section provides detailed
information about the programs and proposed
expenditures for each department. Each
department b
egins with a summary identifying all
activities for the department. The summary is
followed by department performance measures,
which includes detail for each activity. Activity
narratives include a brief "Five-Year Outlook" that
addresses future budget considerations. Following
the activity narratives ar e the activity budget detail including position allocations.

Measure Y
The Measure Y Section provides a comprehensive
breakd
own of Measure Y expenditures, categorized
by type and a
ligned with key community goals. This
section provides a clear picture of how Measure Y
funds are allocated to enhance public safety,
infrastructure, and essential services. On
Novemb
er 5, 2024 Clovis voters approved a local
1% transactions and use tax (sales tax) to assist
the City in m eeting specific goals and priorities in
public safety, safety and cleanliness, business and
job retention, streets/roads repai
r, homelessness,
youth and parks programs, other general services,
spending disclo sure and reporting and suppo rt for
City departments.

Debt Obligations
The Debt Obligation Section provides information
about the City's poli cies on long -term debt, current
long-term debt obligations, and the legal debt limit.

Community Investment Program
The Community Investment Program Section
provides a general explanation of all capital projects
planned for 2026
-2027 and is organized by activity.

Projec
ts are identified on the basis of priority nee d
and availability of funding.

Five-Year Community Investment Program
The Five-Year Community Investment Program
Section provides a general explanation of all capital
projects planned for 2025-2026 thro ugh 2029-2030
and beyond and is also organized by activity.

Projects are identified on the basis of priority nee d
and availability of funding.

Appendix
The Appendix Section provides demographic
information, phone numbers of City of fices, elected
officials, miscellaneous statistics, and a glossa ry of

terms used in this document.

Every attempt has been made to make this Budget
document as easy
to understand as possible. We

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apologize for the use of "technical terms"; but due to
the nature of accounting, their use is sometimes
unavoidable. We hope that including a Glossary of
terms in the Appendix Section will help the reader
through these technical areas. If you have any
questions or need clarification of items in this
Budget, contact the Finance Department by calling
(559)324-2130.

The Budget document is available for public
inspection at City Hall, Clovis Civic Center, 1033
Fifth Street, and the Clovis Branch Library, 1155
Fifth Street, during regular business hours, as well
as the City’s website at www.clovisca.gov. Individual
copies may also be purchased from the Finance
Department.

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TABLE OF CONTENTS

I. Executive Summary .......................................................................................................... .............. i-vi

II. Introduction .............................................................................................................. .................... 1-22 Summary of Discretionary and Non-Discretionary
Revenues Chart .................................................................................................................... 4 Use of Discreti onary Revenues Chart ......................................................................................... 5 Description and Purpose of Accounting Funds .................................................................... 10-11 Organization al Charts ........................................................................................................... 12-21 Management Staff & B udget Task Force .................................................................................. 22 III. Summary of Revenues and Expenditures .................................................................................. 23-50 Fund Balanc e Summary ............................................................................................................ 23 Fund Highlights ..................................................................................................................... 24-25 Summary of Resources and Appropria tions ............................................................................. 26 Notes to Re sources and Appropriations .............................................................................. 27-28 Summary of Revenues and Expenditures ................................................................................. 29 Budget Summary - All Funds ............................................................................................... 30-31 Budget Summar y by Fund .................................................................................................... 32-35 Summary of Revenues by Fund ........................................................................................... 36-37 Revenue by Source ........................................................................................................... ... 38-47 Summary of Expendi tures by Fund ...................................................................................... 48-50

IV. Personnel……………………………………………………………………………………………….. 51-58 Personnel Overview ............................................................................................................. 51-52 Summary of Position s by Department ....................................................................................... 53 Detail of Positions by Department ........................................................................................ 54-58

V. Operations…………………………… ……………………………… ………………………………...59-190

Table of Contents ...................................................................................................................... 59 Summary of Expenditures by Department/Function ............................................................ 60-61 City Council ................................................................................................................ .......... 62-65 City Attorney ............................................................................................................... .......... 66-67 City Manage r Department .................................................................................................... 68-87 General Services Department ............................................................................................ 88-1 11 Finance De partment ......................................................................................................... 112-117 Planning and Development Se rvices Department ........................................................... 118-129 Police D epartment ............................................................................................................ 130-147 Fire Department ................................................................................................................ 148-159 Public Utilitie s Department ............................................................................................... 160-187 Clovis Succes sor Agencies .............................................................................................. 188-190 VI. Measure Y ................................................................................................................. .............. 191-228 Measure Y Overview ............................................................................................................... 191 Summary of Measure Y Resour ces and Appropriations ......................................................... 192 Summary of Meas ure Y Transfers .......................................................................................... 193 Measure Y Budget Summary ........................................................................................... 194-196 Budget Detail by Goals ..................................................................................................... 197-228

VII. Debt Ob ligations ..................................................................................................................... 229-236 Debt Summary ......................................................................................................................... 230 Description of Long-Term Debt ........................................................................................ 231-236

VIII. Community Investment Program Summary ............................................................................. C1-C16 IX. Five-Year Community Investment Program ........................................................................... C17-C56

X. Appendix ................................................................................................................... ................. A1-A7 Glossary .................................................................................................................... ........ A8-A14

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The Executive Summary provides an
overview of key programs and projects to
be undertaken by the Annual Budget and
provides a summary of current financial
conditions that will offset operating revenues.

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May 18, 2026
To: Mayor Mouanoutoua, Members of the Ci ty Council, and Citizens of Clovis

EXECUTIVE SUMMARY
The Recommended 2026-2027 Ann ual Budget for general operations and capital improvement programs for the City of Clovis in the amount of $429.7 million is hereby submitted, in accordance with the Clovis Municipal Code.

Building upon the historic foundation set last year, the Recommended 2026-2027 Annual Budget continues to maximi
ze the opportunities provided by Measure Y, the 1% sales and use tax overwhelmingly approved by over 66% of Cl
ovis voters. The sustained engagement and support from our residents remain the driving force behind our commitment to preserving the Clovis Way of Life.

Guided by ongoing community feedback, the 2026-2027 A nnual Budget remains heavily focused on the number one p
riority identified by our residents: maintaining Clov is as a safe community. To support this, the budget proposes continued, targeted investm ents acro ss essential city departments . These allocations support public safety—in
cluding Police and Fire—as well as street and park maintenance, recreation opportunities, senior services,
city cleanliness, and administrative support. The proposed new positions include police officers, community service officers, information technology personnel, maintenance workers, and administrative personnel, all dedicated to enhancing city services.

It is
important to remember that without the ongoing revenue from Measure Y, the City would currently be facing significant cuts to General Fund Departments. Instead, despite lingering economic uncertainty, inflationary pressures, and a growing demand for services, Clovis remains in a sustainable fiscal position. The 2026-2027 Annual Budg
et solidifies our financial stability by increasing healthy reserves, building fund balances for future need
s, and advancing our plans to address deferred maintenance and fleet replacement.

Highlights
The Recommended 2026-2027 Annual Budget is the spending plan for local services and investment in the community's infrastructure. The Annual Budget provides fo r a ran ge of public services, focusing heavily on those that are essential to our citizens. Continuing to utilize Measure Y revenues, the City is advancing its multi-year effort to maintain a high quality of life for residents through critical investments in staffing, services, and capital needs, su
ch as facilities. The 2026-2027 Annual Budget highlights include:
 Enhance Public Safety. Public safety is a core service to the City. o Increase of 6 sworn Police personnel bringing the total authorized to 141 officers. o Add critical support staff positions to enable officers and firefighters to keep Clovis safe. o The budget provides for the replacement of 20 vehicles and 9 new vehicles in the Police Department, along with a new crisis negotiation vehicle and 2 motorcycles. o Construct the alternate dispatch center for the Police Department. o Make upgrades to the jail control systems and elevator. o The Fire Department hired 6 new firefighters with grant funding in fiscal year 2025-2026. The budget provides for 1 replacement light duty vehicle and 2 type 6 vehicles for the new firefighters.
o Prepare to acquire for the future Fire Station 7.
o Make improvements to existing Fire Stations to address deferred maintenance.

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ii
 Continuing the Impact of Measure Y. Approved by 66.9% of voters in the November 2024 election, Measure Y—a 1% local sales tax—continues to provide t he critical funding necessary to preserve the Clovis way of life.

The goals of Measure Y, as mandated by the voters, are:

1. Maintaining Public Safety

2. Keeping Clovis Safe & Clean

3. Retaining Small Businesses & Jobs

4. Protecting Local Drinking Water Sources

5. Repairing Streets & Roads

6. Addressing Homelessness

7. Maintaining Youth & Parks Programs

8. Other General Services

9. Spending Disclosure/Spent Locally

For the 2026-2027 fiscal year, it is projected that Measure Y will generate $31.3 million in revenues.

Measure Y continues to have a profoundly positive impact on the safety and security of our community.

The budget maximizes these funds through strategi c investments that directly support our first responders—funding vital new public safety initiative s and protecting essential Police and Fire services within the General Fund. Additionally, the City is utilizing $4 million in savings from the prior year's Measure Y fund balance to responsibly catch up on deferred public safety fleet replacements. This strategic transfer begins a multi-year effort to retire aging emergency v ehicles. Further details are available in the Measure Y section of the budget document.

 Provide Neighborhood Investments. This is an ongoing, long-term effort to improve community appearance, stabilize neighborhoods, enhance amenities in older areas, and foster economic opportunities.

These investments total $17.7 million in the pr oposed 2026-2027 budget, building on investments from 2023-2024 to 2025-2026 of over $48 million, including the following for the 2026-2027 fiscal year:
o Affordable Housing Programs Continue Unprecedented Level of Investment of over $6 million in Grant and City Funding.
o Active code enforcement will continue with a cross-department effort. o Public street improvements. Reconstruct or Design:
 Design Sunnyside and Nees Avenues Traffic Signal
 Design Armstrong – Gould Canal to Shaw Avenues
 Design Ashlan Avenue – Temperance to Locan Avenues
 Design Barstow Avenue – Armstrong to Locan Avenues
 Design Bullard Avenue – Willow to Villa & Sunnyside to Fowler Avenues  Design Fowler Avenue – Barstow to Tollhouse Avenues
 Design Gettysburg Avenue – Sunnyside to Fowler & Temperance to Locan Avenues  Design Minnewawa Avenue – Nees to Teague Avenues
 Design Peach Avenue – Gettysburg to Shaw Avenues
 Design Shaw Avenue – SR 168 to Willow & Temperance to Locan Avenues  Design Willow Avenue – Gettysburg to Shaw & Herndon to Alluvial Avenues  Reconstruct Armstrong Avenue – Shaw to Barstow Avenues  Reconstruct Herndon Avenue – Villa to Clovis Avenues
 Reconstruct Willow Avenue – Barstow to Sierra Avenues  Construction of Shaw Avenue from Dewolf to Leonard Avenues to serve the Loma Vista Community
 Construct ADA Improvements as part of various street improvement projects o Trail Improvements. Installation of lighting along Dry Creek Trail and Wayfinding Signage to guide residents and a pedestrian bridge to co nnect Cottonwood Park to the Dry Creek Business Park.
o Alley Improvements. Reconstruct various alleys in eligible lower-income neighborhoods. o Economic Development Investments.
 Revitalization planning for underutilized Shaw Avenue commercial properties.  Offer small and micro business incubation services in Southwest Clovis in partnership with the Clovis Culinary Center and regional partners.
 Continue marketing the area for retail and job generating uses to serve adjacent neighborhoods and the City as a whole.
 Adding a staff position to add to the City ’s ability to assist business and attract new investments.

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iii
 Provide Fiscal Security. To safeguard the community against unforeseen challenges, the budget allocates a total of $28.1 million to the Emergency Reserve. This represents a $7.1 million (33.8%) increase from last year, bringing the total Emergency Reserve to 20% of expenditures. Achieving this level meets the 20%- 25% prudent target recommended by independent audito rs to protect essential city services from unexpected losses. Utilization of these funds requires a 4/5ths vote of the City Council.  Further Secure Water Supplies and Systems.
o Continue investments with the Fresno Irrigation District for the firm surface water supply. o Improve treatment at the Surface Water Treatment Plant and City water wells to improve the quality and quantity of potable water and increase groundwater recharge through existing and new facilities.
o Review Wastewater diversion improvements to increase capacity of the Sewer System. o Update the Water Master Plan.
 Invest in E mployees. The budget includes a budgeted cost of living increase and funds for employ ee benefits. Funds for training and educational opportunities have been included and encouraged to be used to allow employees to reach their full potential at the City.  Invest in Planning our Future. The budget includes funding for the update to the General Plan.  Invest in the City’s Economic Future. Staff will be actively working on attracting commercial and industrial businesses to Clovis to add jobs and revenues to the City. Staff will continue to make strategic marketing efforts aimed at top revenue producing businesses to support the financial needs of the City. Relationships are being established and maintained with critical development partners in the community and projects are assisted through the development pr ocess. Staff will also be worki ng with regional partners to develop entrepreneurial and small business growth resources. Staff will continue a focused marketing effort on reinforcing Clovis as a medical hub for services, education, and research. To bolster this effort an additional staff position is proposed, the first expansion of economic development staff since the el imination of redevelopment agencies nearly 15 years ago.
 Expand the Trail System and Parks. City funds are budgeted to design and construct a new park in th e Loma Vista area that will also allow for groundwater recharge. Additional crews are being added to better maintain General Fund Parks and trails.
 Recreation Investments. $250,000 allocated to make repairs and improvements to the Recreation Center.  Increase the Reserve and Address Past Funding Shortfalls The budget includes funding to reach a 20% Emergency Reserve, funding to catch up the Fleet fund, and fund balances to address facilities issues once an included comprehensive Facilities Master Plan is completed.

The 2026-2027 Annual Budget will be available for review at the City Clerk’s Office - 1033 Fifth Street, at the Clovis Branch Library - 1155 Fifth Street, and on the City’s website as of May 18, 2026. Individual copies are available for purchase from the Finance Department. The public hearing to consider the Annual Budget will be at the regular City Council meeting of June 1, 2026, with adoption scheduled at the conclusion of the hearing.

Our Vision, Mission, and Community Values
Vision
Home.

Clovis is more than a city. It is a place to call home – where shared values, diverse perspectives, and a commitment to one another come together to create a thriving and cherished community. We aspire to be a beacon of unity, safety, civility, prosperity, innovation, and sustainabl e living, ensuring that Clovis is always more than just a place to live, but rather, a place to belong.

Mission
To set the standard for e
xcellence in defining, delivering, and protecting local governance.

Community Values

 “Do the right thing”: We make d
ecisions that are in the best interests of our community. We are honest, ethical, and transparent in our dealings with others.
 Heritage, history, and traditions: We are committed to preserving, educating, and passing on our heritage, history, and traditions while welcoming new traditions along the way.

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iv
 Safest city in the Valley: We prioritize the safety and well-being of our residents by providing effective public safety services, maintaining our infrastructure, and promoting community preparedness to create a secure and resilient environment.
 Strong neig hborhoods, engaged residents, and planned growth: We plan and implement orderl y community growth consistent with the City’s Vision. We actively engage the community in determining how our community grows, from our earliest neighborhoods to our newer growth areas.  Education, innovation, and collaboration to support a vibrant economy: We are committed to growing a vibrant and sustainable local economy by continui ng to attract new businesses, supporting existing businesses, and cultivating an environment that encourages entrepreneurship, job growth, and econ omic prosperity. We provide educational opportunities for all to ensure the curre nt workforce and future generations are prepared for success.
 Stewardship, sustainability, and good governance: We are good stewards of our resources, making careful and thoughtful choices in the best interest of our community’s future.  Healthiest community in the Valley: We plan our community to provide recreational opportunities, parks, trails, a world-class senior center, and community programs, promoting an active and healthy lifestyle and fostering a strong sense of community connection.
 Employer of choice: We maintain Clovis as the public sector employer of choice.

Fiscal Overview
The City’s employment landscape remains strong and highly stable. After peaking at 13% several years ago, the local unemployment rate dropped significantly, stab ilized around 4% through 2024 and 2025, and continues to remain healthy at 4.4% in early 2026.

While traditional sales tax revenues experienced a decline from historical highs a few years ago, overall revenues are forecasted to remain robust—nearly doubling previous baselines—thanks to the ongoing impact of Measure Y.

Consumer spending appears to be stabilizing, and inflati on has trended closely toward the Federal Reserve’s 2% target, marking a significant improvement from previous years.

However, we remain vigilant. The City is closely navigating the economic crosswinds that emerged throughout 2025 and into 2026, including shifts in consumer sentiment, evolving trade and tariff policies, and potential supply chain disruptions. To safeguard our financial health, the pr oposed budget includes a prudent, measured increase in services. This approach allows us to closely monitor Measure Y funds and overall financial performance, ensuring we retain the flexibility to make mid-year adjustments if volatile economic conditions require it.

Beyond standard economic cycles, the City is proactiv ely adapting to permanent, structural shifts in the macroeconomic environment. Notably, consumer habits ar e evolving as the transition toward non-taxable digital services and direct delivery continues to outpace traditional brick-and-mortar retail growth. Concurrently, sustained telecommuting trends have permanently altered daily traffic patterns and commercial real estate demand, while attracting and retaining skilled labor remains a persistent challenge across sectors. Amidst these shifts, however, there is tremendous opportunity; we have seen a large, sustained increase in entrepreneurial start-ups, a trend the City continues to actively support and leverage. Rather than viewing these broader economic changes solely as challenges, the City recognizes them as distinct oppor tunities. The upcoming General Plan Update will directly address these evolving real estate, infrastructure, and co mmercial needs to ensure Clovis remains ahead of the curve.

The rapid economic shifts over the last several years ha ve ultimately confirmed what we already knew: Clovis stands on exceptionally solid ground. New businesses, innovative ideas, and adaptable operating models continue to emerge, proving our long-term strength despite shor t-term macroeconomic challenges in the labor market, inflation, and trade policy.

Our core fundamentals—a well-educated community, excellent infrastructure, sound land-use policies, and a heritage of hard work—fuel an economic engine that promis es a bright future. The City's ongoing commitment to building a diverse economy that attracts high-quality businesses, employees, and residents remains our strongest defense against uncertainty. When combined with the wi se, voter-approved investments from Measure Y, we are building a more resilient, safe, and stable community. Moving forward, maintaining a strong spirit of partnership with local businesses will be essential to achieving our mutual goal: a vibrant community where all Clovis residents can flourish.

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v
Budget Overview
The 2026-2027 Annual Budget for all funds totals $ 429.7 million, including $382.1 m illion in operating expenses and $47.6 million in capital improvement expenditures. The budget is balanced using current revenues, anticipated rate increases, and available reserves. This budget represents a 0.94% increase compared to estimated expenditures for 2025-2026, due primarily to several large capital projects being completed in the current year and not reflected in the proposed budget. A summary of expenditures by function is provided below:

General
Fund
The proposed General Fund Budget is balanced using current year revenues. Total General Fund Revenues including Measure Y are projected at $148.7 million, which is an increase of 3% when compared to the estimated revenues for 2025-2026. Total General Fund Expenditures including Measure Y are projected at $140.4 million and represent an increase of 8% compared to the estimated expenditures for 2025-2026.

The summary of General Fund expenditures by function is provided below:

For the 2026-2027 fiscal year, sales tax revenues are projected to reach $61.4 million, representing a 10% increase over the previous budget. This dramatic growth is direct ly attributable to the passage of Measure Y, a 1¢ local transaction and use tax (sales tax) that seamlessly supplements the statewide 1% Bradley-Burns tax. This new revenue stream has provided an enormous opportunity to t he City from our citizens, to ensure that we not only remain financially stable, but maintain services to meet the community’s needs and key priorities. Prior to the passage of Measure Y, the City’s traditional Bradley-Burns revenue had begun to contract, experiencing declines of 2% in FY 2024 and 1% in FY 2025. These declines were largely driven by macroeconomic uncertainty and inflationary pressures, which forced households to shift discretionary spending toward essentials like food, housing, and transportation. By securing Measure Y as a new reve nue stream, the City successf ully averted what would have been significant budgetary cuts. Today, sales tax remains the City's largest funding source, comprising 52% of projected discretionary revenue for the 2026-2027 fiscal year.

Property tax revenues, including in-lieu vehicle license fees, are pr ojected to reach $46. 3 million—a healthy 7% increase from the previous fiscal year. These revenues represent 36% of the City’s projected discretionary revenue for 2026-2027. While overall property tax revenues continue to rise, the City is taking a prudent forecasting approach as new housing development normalizes from hi storical highs. Additionally, commercial property tax revenues will be closely monitored, as the broader, ongoing shifts toward e-commerce and remote work may impact commercial real estate demands and valuations over time.

A cornerstone of Clovis’ long-term fiscal health is the accumulation of sufficient reserve funds. A robust Emergency Reserve is vital to protecting the community against unexpected catastrophic events and ensuring the uninterrupted delivery of essential City services during rapid economic downturns. Independent auditors recommend a target reserve of 20% to 25% of expenditures for a municipality the size of Clovis. Reflecting a commitment to responsible Public Safety
76%
General
Government/
Economic Dev
9%
Public
Utilities
5%
Cultural &
Recreation
10%
General Government $ 11,999,900
Public Safety 106,502,900
Planning & Development Services 18,535,000
Community Investment Program 47,634,000
Public Utilities 99,984,100
Culture & Recreation 41,376,000
Internal Services
103,689,000
TOTAL $ 429,720,900
Public Safety $ 106,502,900
General Government/Economic Dev. 11,999,900
Public Utilities 7,600,000
Cultural & Recreation 14,341,700
TOTAL $ 140,444,500
General
Government
3%
Public Safety
25%
Planning &
Development
Services
4%
Community
Investment
Program
11%
Public Utilities
23%Culture & Rec
10%
Internal
Services
24%

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vi
financial stewardship, the 2026-2027 Annual Budget includes a strategic tran sfer to the Emergency Reserve, bringing the total to $28.1 million, thereby successfully achieving the rigorous 20% target.

The General Fund serves as the financial engine for the Ci ty's essential operations. It is the only fund containing discretionary revenues, which provides the flexibility needed to finance co re services such as Police and Fire protection, street and park maintenance, recreation programs, and senior services. Understanding the fundamental difference between "discretionary" and "non-discretionary" (restricted) revenue is vital. This distinction clarifies local government financing and highlights how funding decisions made at both the state and local levels directly impact the City’s ability to deliver these core services. Currently, only 29% of the City’s to tal revenues are discretionary and available for flexible spending. The remaining 71% are strictly designated for specific purposes. A more detailed breakdown of how discretionary revenues are utilized is provided in the Introduction Section of this budget.

Other Funds
Although a major focus of the budget disc ussion is the General Fund because it represents the essential core services delivered to citizens and is supported by general tax revenues, other funds are no less important. These other funds include the community inve stment funds, enterprise funds, and inte rnal service funds. All these funds are balanced for 2026-2027, utilizing current revenue and reserves when appropriate.

In the Public Utilities Department, Sewer will have a 3% rate increase in this year’s budget and will refund the full $7.30 bond surcharge. The Water Fund will implement the authoriz ed Proposition 218 wate r rate increases of approximately 21% per year for the next three years beginning January 1, 2027, followed by a 3% annual escalator beginning July 1, 2029. The Water Fund has two rate schedules: one for normal conditions and one for drought conditions. This year’s budget anticipates normal conditions. Community Sanitation will have a 4% increase for recycling and organics operations, a 4% increase for refu se services and a 4% increase for street sweeping charges. The Transit Enterprise Fund and Planning and Development Services Fund (PDS) are fully funded this year. These funds are included in the Summary of Fund Balances and other tables in the Summary of Revenue and Expenditures section of this budget.

The Internal Service Funds are included in this budget and act as cost accumulation and allocation centers. All of these funds are fully funded with adequate balances to manage emergencies in the respective operational areas, should the need arise. In addition, the Community Investment Program (CIP) is included in this budget with details included in the CIP section.

The 2026-2027 Annual Budget represents the City being in a strong fiscal position poised to make investments to continue Clovis’ heritage and mission “To set the standard for excellence in defining, delivering, and protecting local governance.” I wish to thank the Council, the City’s Executive Management Team, and all City Employees for their extraordinary efforts as we have continued to provide excellent public service and look forward to maintaining Clovis as the best City in California. I am confident that we will continue to succeed in 2026-2027.

Respectfully submitted,

Andrew Haussler
City Manager

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The Introduction Section provides general
information about the City, long-range
goals, major policies, financial planning,
key budget objectives, economic outlook,
discretionary revenues, budget process
and calendar, basis of budgeting, budgetary
controls, appropriation limitation, fund
descriptions, and organizational charts.

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INTRODUCTION
The City of Clovi
s was incorporated on February 27, 1912,
as a general law city of the State of California and as such can exercise the powers allowed by the Constitution and laws of the State of California. The City is governed by the City Council-Manager form of government in which the City Council determines the mission, land use, and spending
policies of the City and appoints the City Manager to
oversee the day-to-day operation in carrying forward those policies. Historically, the City Council consisted of five members elected at large for alternating four-year terms.

The City will transition to district-based elections beginning with the first election under this system on November 3, 2026. The City provides the following services: public
safety, animal control, trans it, senior services, parks, recreation, economic development, planning and zoning,
building inspection and engineering, street maintenance and lighting, water treatment and delivery, refuse
collection and disposal, sewage collection and treatment, water reuse, street cleaning, and general administrative services.

In accordance with state law and the Clovis Municipal
Code, the City prepares and adopts an annual balanced
budget on a basis consistent with generally accepted
accounting principles. Annual appropriated budgets are adopted for the General Fund including Measure Y funds, special revenue funds, capital project funds, and debt
service funds. Spending plans are also adopted for
proprietary funds.

FINANCIAL POLICIES
The City Council has esta
blished fiscal policies that govern the City’s financial administration and are designed to safeguard the City’s assets, provide for a stable funding base, and ensure that adequate accounting data is compiled. The accounting data allows for the preparati on of various accounting reports such as this budget and the Annual Comprehensive Financial Report (ACFR). Following are the financial policies that provide the basis for the financial direction of the City:
 The City’s budget policy states that all operating budgets shall be balanced, and ongoing costs will not exceed current revenues plus the available fund ba lance that exceeds reserv e fund requirements. The minimum reserve for any operational fund is 10% of the budgeted expenditures with the goal for reserves of 20-25% of budgeted expenditures unless capital borrowing or extraordinary fiscal conditions require that higher levels of reserves be maintained.
 The Enterprise Funds are to be fully supported by user fees and charges, and the Internal Services Funds are to be funded at appropriate levels to ensure reasonable ability to respond to unforeseen events. The City has designated a contribution of general funds to the General Government Services Fund (an Internal Service Fund) to address the building space needs for new fire stations, safety training facilities, regional park facilities, business and industrial parks, upgrades and new technology for improved productivity, and major remodeling, repairs, or additions to existing facilities.  The City will not issue long-term debt to cover curren t operations. The City will consider the issuance of long-term debt to purchase/build capital assets when those assets will benefit users over several years and it is determined that it is more equitable to sp read the capital investment and financing costs of the assets to current and future users of the assets.
1

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 Annually, the City will have an indepen
dent audit of it s financial records prepared by a certified public accounting firm, pursuant to generally accepted a uditing standards, and will submit an annual financial report to the City Council by December 31 for the previous fiscal year.  Fees for services provided will be charged directly to users of the services when appropriate and should cover the full cost of service delivery. Fees will be reviewed on an annual basis to ensure that the fee is appropriate for the service provided compared to actual cost or an approved cost index.  Development impact fees will be established with the goal that new growth pays the cost of infrastructure improvements and minimizes the burden to existing residents.  The City will invest available cash assets in a mann er consistent with the safeguards and diversity that a prudent investor would adhere to with primary emphasis on preservation of principal, sufficient liquidity to cover anticipated payment outflows, and high yields consistent with the first two goals. The City’s investments will be consistent with Section 53601 of the Government Code of the State of California that identifies which types of investments are eligible for investment of public funds, and the maximum percentage of an investment portfolio that is allowed for any one investment.

The City remains in compliance with all its financial policies.

KEY BUDGET OBJECTIVES
The overall key obj ecti
ve of this budget is to maintain the quality of life in Clovis with targeted investments while keeping expenditures in line with revenues. For more details on how these objectives relate to departmental goals, refer to the Department Summaries included in the Operations Section.

1. Continue the implementation of Measure Y, focusing on the goals of the measure including:
 Maintaining Public Safety
 Keeping Clovis Safe & Clean
 Retaining Small Businesses & Jobs
 Protecting Local Drinking Water Sources
 Repairing Streets & Roads
 Addressing Homelessness
 Maintaining Youth & Parks Programs
 Other General Services
 Spending Disclosure/Spent Locally
The initial focus is on Public Safety with a measured plan to expand public safety services and the support systems needed to allow safety personnel to serve the community. The objective is to allow Measure Y resources to become fully known while beginning to address the priorities of the community.

2. Continue the implementation of the General Pl an update with a target adoption date of end of 2027 and all service and infrastructure master plans.

3. Implement an Economic Develo pment Strategy that seeks to fa cilitate the growth of new or expanding businesses and jobs that improve the overall tax base of the City, improve the diversity of the local economy, and improve the income of residents in the community.

4. Implement the capital investment assessment and master plan to provide a safe, clean, and well- maintained community for the residents, to provide first-rate public facilities to serve the City’s population well into the future, and to induce increased local employment from construction contracts; and to provide preventative maintenance as a priority expenditure to avoid greater costs in the future.

5. Provide targeted neighborhood investments. This is a long-term effort to improve community appearance, neighborhood stabilization, infrastr ucture improvements, amenities in older neighborhoods, and economic opportunities. Thes e investments total $17.7 million in the 2026- 2027 budget on top of over $48 million in the previous two budgets in funding primarily reinvesting in some of the City’s older neighborhoods.
2

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DISCRETION

ARY VERSUS NON-DISCRETIONARY REVENUES
The distinction between these catego
ries of revenue is especially important for the General Fund. It is the key to understanding the financing of general government operations and services. Understanding these categories of revenue makes it clearer how decisions are made on funding local government and how the use of these revenues can affect core government servic es. With constrained sour ces of revenue, the terms “discretionary” and “non-discretionary” revenues have taken on greater importance.

Discretionary revenues are those for which the City can decide, without restriction, how these funds will be expended and on which programs. Examples of discretionary revenues are property taxes, most sales taxes, and business license fees, all of which may be allocated to support any lawful purpose of the City’s choosing.

Discretionary revenues are used to support the General Fund operations and programs. The primary sources of discretionary revenues are property, sales, and certain other taxes which account for 99% of total discretionary funding.

Non-discretionary revenues have restrictions, and th e City must spend these revenues on the programs for which they are intended. Examples of non-discretio nary revenues include gas taxes that must be used for street maintenance; and development fees that must be used for land use entitlement processes and inspections or investment in public improvements associated with new development.

The chart on the following page titled “Summary of Discretionary and Non-Discretionary Revenues 2026-2027” illustrates that only 29% of total annual revenues are discretionary with the remaining 71% as non- discretionary. The City’s discretionary revenues this year total $116.0 million, of which $114.9 million is being appropriated in the General Fund and $0.35 million are being transferred to the Planning and Development Services Fund and $0.75 million are being transferred to Housing Funds to pay for the public benefit supported by that operation. The remaining $313.7 million of revenues are non-discretionary. Of the discretionary revenues, the chart titled “Use of Discretionary Rev enues 2026-2027” shows that the City will use 83%, or $96.1 million, of the total $116.0 million of discretionary funds for public safety. 3

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SUMMARY OF

DISCRETIONARY AND NON-DISCRETIONARY
REVENUES 2026-2027
Non-
Discretionary Discretionary Total
Property Taxes 42,230,000 4,069,000 46,299,000
Sales & Other Taxes 75,289,000 541,000 75,830,000
Licenses & Permits 735,000 5,321,400 6,056,400
Fines & Forfeitures 0 235,000 235,000
Use of Money & Property 300,000 7,213,100 7,513,100
Revenue From Other Agencies 337,000 44,460,300 44,797,300 Charges For Current Services 0 226,232,200 226,232,200
Other Revenues 0 1,160,600 1,160,600
TOTAL CURRENT FUNDING 118,891,000 289,232,600 408,123,600 (Additions to)/Use of Available Balance (2,847,700) 24,445,000 21,597,300 TOTAL 116,043,300 313,677,600 429,720,900
29%
71%
Discretionary Non-Discretionary
Current Funding
4

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USE OF DISCRETIONARY REVENUES
2026-2027
Non- Use of
Total Discretionary Discretionary
Departments Expenditures Revenues Revenues
City Council 759,000 389,000 370,000
City Attorney 1,250,100 844,000 406,100
City Manager 20,780,800 17,802,600 2,978,200
General Services 100,105,700 94,860,500 5,245,200
Finance 4,915,600 3,788,000 1,127,600
Police 72,467,300 7,577,000 64,890,300
Fire 34,035,600 2,778,000 31,257,600
Public Utilities 129,237,800 121,379,700 7,858,100
Planning & Development Services 18,535,000 17,934,800 600,200 Community Investment Program 47,634,000 46,324,000 1,310,000 TOTAL 429,720,900 313,677,600 116,043,300
Public Utilities
7%
Planning & Dev.

Srvcs
1%
Community
Investment
Program
1%
Public Safety
83%
General Services
4%
Admin & Econ Dev
4%
5

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ECONOMIC OUTLOOK
The City’s un
employment rate peaked in May of 2020 at 13%, dropped to as low as 2.5% in March of 2022, and in April of 2026 it was 4.4%. It has been increasing slowly this past year and is very close to the unemployment rate pre-pandemic. Inflation is currently above the Federal Reserve target rate of 2%, a marked improvement from several years ago but still a headwind for economic growth. Additional economic uncertainties have developed in the first half of 2026. Consumer sentiment is dropping, inflation expectations are increasing, and a recession is being forecasted as a “potential” with supply chain disruptions being a concern due to tariffs and further supply disruptions. The City was experiencing a decline in Bradley-Burns sales tax revenue three years ago, year over year, but with the passage of Measure Y on November 4, 2024, sales tax revenues are projected to more than double from approximately $30 million to about $61 million for 2026-2027. This new measure had a transformative fiscal impact on the City’s General Fund by rapidly increasing revenues allowing for major investments in core City services. The City’s efforts over many years to build a strong and diverse economy that attracts high quality businesses, employees, and residents will be key in walking through more economic uncertainty. Clovis’ solid economic base and the investment of Measure Y funds will continue to build a resilient, safe, and stable community, allowing Clovis to provide a strong and stable foundation for Clovis residents to flourish. The proposed budget includes a prudent increase in services and corresponding expenditures that alongside close monitoring of Measure Y and other fund performance, will allow for adjustments as needed to navigate the volatile economic conditions.

In addition, the City is faced with a rapidly changing environment beyond the most recent economic uncertainties. The method of product delivery is transitioning to non-taxable digital services and delivery services rather than brick and mortar locations. Many employees are continuing to telecommute, changing daily traffic patterns, and finding labor is a continued challenge. This has resulted in changes in real estate demand and the cost of labor. In this, there are opportunities for the City to address the changes in the upcoming General Plan Update. The City has also supported and leveraged the large and continued increases in entrepreneurial start-ups.

The economic shifts that rapidly occurred during the pandemic confirmed that the City is on solid ground economically with new businesses, ideas, and ways of doing business coming forth to keep Clovis strong for the long run despite short term challenges in the la bor market, inflationary pressures, and monetary policy, and now trade policy and fiscal policy. The fundam entals of a well-educated community, excellent infrastructure, good land use policies, and a heritage of hard work will provide for an economic engine that gives hope for the future. Continuing a spirit of partnership with Clovis businesses and residents is going to be critical in reaching the mutual goals of a vibrant community that allows for the success of all its residents.

Upcoming projects that will have a positive effect on the local economy include:
 California Health Sciences University (CHSU) increasing enrollment candidates for becoming medical doctors in the Sierra Gateway Commerce District;
 Further attraction of businesses to the Sierra Gateway Commerce District;  Businesses locating in the expanded Dry Creek Industrial Park and nearby business developments;  Additional expansion of medical facilities at Clovis Community Medical Center and adjacent properties;  Targeted investments of $17.7 million that will im prove Clovis neighborhoods and provide economic opportunities;
 Development of approximately 400,000 square feet of industrial buildings on vacant parcels in the Clovis Industrial Business Park;
 The development on the Clovis and Dakota Avenue site into approximately 400,000 squa re feet of industrial will add at least 1,000 jobs to the City;
 The beginning of commercial development in the Heritage Grove growth area;  Additional commercial development coming to the Herndon Avenue Corridor;  Continued investment in the Shaw Avenue Corridor;
 Additional retail opening to the Loma Vista Urban Center;  Construction of a six-lane expressway on Shaw Avenue from DeWolf to Leonard Avenues; and  Proposed car dealerships at Clovis and Herndon Avenues. 6

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FUND ACC

OUNTING
The accounts of the City are organized o
n a basis of funds, each of which is considered a separate accounting entity. The operations of each fund are accounted for with a separate set of self-balancing accounts that comprise its assets, liabilities, fund equity, revenues, and expenses/expenditures. Government resources are allocated to and accounted for in individual funds based on the purposes for which they are to be spent. The various funds are grouped into three broad categories as follows:

Governmental Fund Types - Governmental funds are used to account for all of the City's general activities, including the collection and disbursement of earmarked mo nies (special revenue funds), the acquisition of or construction of general fixed assets (capital projects funds), and the servicing of general long-term debt (debt service funds). The General Fund is used to account for all activities of the general government not accounted for in some other fund. The Measure Y fund is a subset of the General Fund.

Proprietary Funds - Proprietary funds are used to account for activities similar to those found in the private sector, where the determination of net income is necessary or useful to sound financial administration and the primary intent is to recover the costs of providing the goods or services through user charges. Goods or services from such activities can be provided either to outside parties (enterprise funds) or to other departments or agencies primarily within the government (internal service funds).

Fiduciary Funds - Fiduciary funds are used to account for assets held on behalf of outside parties in a trustee capacity. Assessment Districts fall within this category as does the Redevelopment Successor Agency.

BASIS OF BUDGETING
The budgets of the gove
rnmental fund types (General Fund, special revenue, capital projects, debt service, and assessment districts) are prepared on a modified accrual basis. This means expenditures are recorded when the liability is incurred, and revenues are recognized if they are received during the fiscal year or shortly thereafter. In addition, the City treats encumbrances as expenditures onl y for budgetary control purposes.

Encumbrances open at year-end are reported as assi gnments of fund balances since they do not constitute expenditures or liabilities. Available expendable resources include beginning fund balance and current year revenues and transfers from other funds.

The spending plans for the proprietary fund types, comprised of internal service funds (employee benefits, fleet, liability and property insurance, and general servic es) and enterprise funds (water, sewer, community sanitation, planning and development services, and transit), are prepared on a full accrual basis. Expenses are recorded when the liability is incurred, and rev enues are recognized when the service is provided.

Exceptions exist in the way the City prepares its spending plans for the enterprise funds and the way they are reported in the City's Annual Comprehensive Financial Report (ACFR). Depreciation on assets is not shown in the spending plan, but expenditures for capital are shown at the full purchase price. The ACFR shows depreciation but not capital expenditure, which is in accordance with generally accepted accounting principles.

Available expendable resources for proprietary funds include beginning working capital, current revenues, and transfers in. Beginning working capital is defined as curr ent assets less current liabilities; in other words, working capital represents cash available to pay expenses.

FIVE-YEAR COMMUNITY INVESTMENT PROGRAM
Based on the City’s M
aster Development Plans, the program consists of broad evaluation and establishment of priorities for capital projects essential for future development, as well as the replacement of existing City facilities as needed to ensure the continued delivery of services to the public. An important part of the process of developing the community investment program for capital improvements is determination of the logical order of construction of projects included in the master plans so that underground work is well coordinated to be accomplished in advance of above groundwork. Public service programs and the master plans are the principal bases for determining general priorities. Other factors, however, may influence the final decision as to when a particular project is to be undertaken, such as public demand, major commercial or industrial users, the need to coordinate with other jurisdictions, or even special funding. The five-year community investment program is not designed to do all things that need to be done, but rather to develop a reasonable program of public needs and a dependable order of urgency for each project in relation to other projects. The preparation of the capital budget provides greater assurance that the projects will be undertaken in order of need, that overlapping projects will be avoided, that costly mi stakes can be avoided, and that all projects can be 7

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coordinated
with each other. Below are a few highlight s of projects included in the Five-Year Community Investment Program:
 Upgrades and repairs to Fire, Police, and Park Facilities  Construction of the Recharge Basin Park in the Loma Vista area  Design of Various Street Rehabilitation Projects
 Rehabilitation or Widening of Various Streets, including:
o Armstrong Avenue – Shaw to Barstow Avenues
o Herndon Avenue – Villa to Clovis Avenues
o Willow Avenue – Barstow to Sierra Avenues

BUDGET PROCESS
The proposed budget is require
d by City Ordinance to be submitted to the City Council by the third meeting in May for the upcoming fiscal year (which begins July 1 and ends June 30). The Council holds public hearings following the submittal of the budget, and may add to, subtract from, or change appropriations within revenues and reserves estimated as available. The Council is required to adopt a balanced budget by June 30. If a balanced budget is not adopted by June 30, to ensure continuity of government services, the City Manager’s proposed budget becomes effective (excluding capital expenditures).

As part of the budget process, City staff prepared a five-year forecast that analyzed the City's long-term fiscal condition. It identifies trends and issues that must be addressed early to ensure the City's continued financial success in meeting the service needs of the City's residents. These planning sessions are intended to identify Council goals and priorities for the upcoming year. The departments then provide budgetary requests necessary to provide the services required to meet the Council goals. Once the City Manager confirms that the budget is structurally balanced with current resources sufficient to cover current expenditures, the Finance Department accumulates the data into a budget book representing the proposed budget that is submitted to Council.

Following adoption of the budget, it is sometimes necessary to amend the budget. The City Manager may transfer any appropriation within a specific fund no t to exceed $5,000 for appropriations and $2,500 for reserves. Transfers exceeding these amounts require Council action. Also, the Personnel section from time to time may require an amendment should additional staffing be necessary or should the complement of staff require adjustment. These changes also require Council action.

BUDGET CALENDAR
Departmental
Submittal (including CIP) April 3, 2026
City Manager Budget Review April 6 - April 10, 2026
Introduction of Recommended Budget to City Council May 18, 2026 Council Budget Review and Public Hearings June 1, 2026
Adoption of Budget June 1, 2026

BUDGET CONTROL
Budgetary co
ntrol is maintained at the department level by fund for both expenditures and personnel. The City utilizes encumbrance accounting in governmental funds under which purchase orders, contracts, and other commitments for expenditures are recorded to reserve the budgeted line item. Monthly reports to staff and quarterly reports to Council are utilized to affect budgetary control and reporting. 8

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APPROPRIATIONS LIMITA
TION
In November of 1979, California vo ters ap
proved a constitutional amendment that established an
Appropriations Limitation for the state and local govern ments. In June of 1990, the electorate approved Proposition 111 that amended the provisions of the constitution to provide for the adjustment of the Limitation.

The formula now used to calculate the Appropriations Limit is the percentage change in California Per Capita Income (PCI) or the percentage change in valuations of non-residential construction (NRC) plus the percentage change in the City's population or the County's, whiche ver is greater. The State Department of Finance has provided the City with the population estimates and the Per Capita Income. The City’s population increased approximately 0.25% from 2025. The percentage change in the California PCI was approximately 4.95%. The change in non-residential construction was 2.72%. Therefore, the change in PCI is used.

Appropriations Limitation 2025-2026 $457,842,552
Add: Change in Population (0.25%) 1,144,606
Add: Change in PCI (4.95%)
$458,987,158
22,719,864
Appropriations Limitation 2026-2027 $481,707,022
Less: Proposed Expenditures Subject to Limitation in 2026-2027 143,646,703 Amount of Unused Authorized Appropri
ations $338,060,319
Over the past five years, the City of Clovis
’ expenditures have been less than the appropriation (approximately 24% of the limit); therefore, it is not likely that the City of Clovis will reach the Appropriations Limit in the future.

It is recommended that the Council's adoption of t he Budget include the establishment of the City's Appropriations Limitation for the 2026-2027 fiscal year at $481,707,022. ____________________________________
9

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DESCRIPTION AND PURPOSE

OF ACCOUNTING FUNDS
The infor
mation below provides a brief outline for each of the funds utilized by the City to account for revenue and expenditures for the various activities of the City.

Community Facilities District 2020-1 Fund
The Community Facilities District 2020-1 Fund is a
special revenue fund that houses the collection and
spending of tax assessments within Community
Facilities District 2020-1. Assessments collected will
be used to finance all costs associated with the
maintenance and operation of certain public sewer
facilities and the eventual replacement thereof.

Community Sanitation Fund
The Community Sanitation Fund, which is self-
supporting from fees, is operated as a City business
or "enterprise." All costs including depreciation are
recorded in this fund. All revenue from service
charges related to the collection and disposal of solid waste, recycling, organics, and street sweeping fees
is deposited into this fund.

Employee Benefits Fund
This fund accounts for the cost of employee benefits
including retirement, workers' compensation, health
insurance, unemployment insurance, and social
security and Medicare insurance. The source of
funding is a charge to all departments with
personnel.

Fleet Maintenance and Replacement Fund
This fund accounts for the expenditures for
maintaining the City's fleet and for equipment
replacement. The source of funding is rental and
replacement charges to all operating departments
that use vehicles or equipment.

General Fund
The purpose of the General Fund is to account for
general government activities such as public safety,
planning, some public works, and revenue collection
administration. All local tax revenues, building fees, certain user charges, and all discretionary revenues
are deposited in the General Fund. The General
Fund also receives non-discretionary revenues
related to specific activities that are performed by the operating sections within the General Fund.

General Fund – Measure Y
The purpose of the General Fund – Measure Y is to
account for general government expenditures
related to activities approved by the voters of the City of Clovis for a 1% Transactions and Use Tax (Sales
tax) known as Measure. Such activities include
maintaining public safety, keeping Clovis safe and
clean, retaining small businesses and jobs,
protecting local drinking water, repairing streets and
roads, addressing homelessness, maintaining youth
and parks programs, othe r general services, and
requiring public spending disclosure. All Measure Y
tax revenues are considered discretionary revenues
and deposited in the General Fund – Measure Y.

To support the operational, facility, and fleet needs
associated with Measure Y, the City also established
two additional internal service funds: the Facilities
Maintenance – Measure Y Fund and the Fleet
Maintenance – Measure Y Fund. These funds were
created to separately track Measure Y eligible
expenditures related to centralized support services,
government facilities, and fleet operations, thereby
enhancing transparency and aligning costs with the
specific purposes authorized by voters.

General Government Services/Facilities Fund
This fund accounts for centralized support provided
to other departments including computer services,
central supplies, communications, energy, and
janitorial services and for government facility
maintenance, enhancements, and acquisitions. The
sources of funding come from a charge to all
operating departments.

Housing & Community Development Fund
This fund accounts for the operations of the Housing
and Community Development Program. The funding
source is the Housing and Community Development
Block Grant.
10

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Housing Successor Fund
This fund was created to continue those City
managed housing projects not affected by the
State’s elimination of Redevelopment Agencies.

Landscape Maintenance Fund
This fund accounts for the expenditures of the
Landscape Maintenance Districts.

Liability and Property Insurance Fund
This fund accounts for the cost of general liability and property damage claims and insurance. The source
of funding is from a charge to all operating
departments.

Park Projects Fund
This fund accounts for the revenue, primarily from
developer fees and park grants, for the purpose of
park development, including acquisition of property.

Also, as needed, funds are transferred from this fund
to the Park Bond Debt Service Fund for payment of
the annual principal and interest on the Park Bonds,
which were used for park acquisition and
development.

Planning & Development Services Fund
This fund accounts for the activities of the building,
planning, and engineering departments of the City.

Revenue is mainly generated from permit fees for
services provided.

Sewer Construction-Developer Fund
This fund accounts for the revenue from developer
fees from the Major Facilities Sewer charge and to
account for capital improvements for major trunk
sewer projects and expansion at the treatment plant.

Sewer Construction-Enterprise Fund
This fund accounts for capital expenditures for sewer
main construction. Funds are transferred into the
fund from the Sewer Service Fund for user-related
projects and from the Developer Trust Fund as
reimbursements are made for developer projects.

Sewer Service Fund
This enterprise fund accounts for the operation and
maintenance of the City's sanitary sewer system,
including operating costs of the City's share of the
Fresno-Clovis Wastewater Treatment Facility. The
fund is self-supporting from sewer user fees.

Street Construction Fund
This fund accounts for the capital street projects paid for out of the City's share of Transportation
Development Act (SB 325) funds allocated by the
state, 1/2 cent sales tax for transportation, Special
Gas Tax Select Street funds, and federal funding
sources under the Federal Intermodel Surface
Transportation Efficiency Act. In addition, funds are
transferred from the Developer Trust Fund as
reimbursements are made for developer-financed
projects.

Successor Agencies Fund
This fund was established to manage the wind down
of the Clovis Community Development Agency.

State actions eliminated Redevelopment Agencies
effective 1/31/12 and required the creation of this
fund.

Transit Fund
This fund accounts for the operation of the City's
transit system including Stageline and Round-Up
and services contracted from Fresno Area Express
(FAX). The sources of funding for this activity are SB 325 monies, farebox revenues, and 1/2 cent sales
tax for transportation.

Water Construction-Developer Fund
This fund accounts for the revenue from developer
fees and for capital improvements for major water
lines, water wells, and other major capital
improvements.

Water Construction-Enterprise Fund
This fund accounts for revenue from developer fees
and expenditures for installation of water mains.

Water Service Fund
This enterprise fund accounts for revenues from
delivery of water and the related expenditures to
operate and maintain the water system. Funds are
transferred from this fu nd to the Water Main
Construction Fund for system maintenance and
upgrades.

Page 118 of 429 ends

City Of Clovis Organization Chart

MAYOR AND

CITY COUNCIL

CITY MANAGER

ASSISTANT CITY MANAGER

PLANNING COMMISSION

PERSONNEL COMMISSION

CITY ATTORNEY

CITIZENS OF
CLOVIS

GENERAL SERVICES DEPARTMENT

PERSONNEL/RISK MANAGEMENT

SENIOR SERVICES

PUBLIC TRANSIT

RECREATION SERVICES

FACILITIES MAINTENANCE

PURCHASING

CITY MANAGER DEPARTMENT

ECONOMIC DEVELOPMENT &

COMMUNICATIONS

HOUSING & COMMUNITY DEVELOPMENT

CITY CLERK OPERATIONS

INFORMATION TECHNOLOGY

SUCCESSOR AGENCY

FINANCE DEPARTMENT

ACCOUNTING/REPORTING

UTILITY BILLING

FORECASTING

BUDGETING

CITY TREASURER

FIRE DEPARTMENT

OPERATIONS

TRAINING

FIRE PREVENTION

EMERGENCY PREPAREDNESS

PLANNING AND DEVELOPMENT

SERVICES DEPARTMENT

PLANNING

BUILDING

ENGINEERING SERVICES

COMMUNITY INVESTMENT PROGRAM

POLICE DEPARTMENT

ADMINISTRATION & SUPPORT SERVICES

COMMUNICATIONS

PATROL & JAIL SERVICES

INVESTIGATIO NS

YOUTH & ANIMAL SERVICES

PUBLIC UTILITIES DEPARTMENT
WAT ER

WASTEWATER

COMMUNITY SANITATION
PARKS

STREET MAINTENANCE & LIGHTING
FLEET
12

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City Manager Department

CITY MANAGER

INFORMATION

TECHNOLOGY

ECONOMIC DEVELOPMENT

HOUSING &

COMMUNICATIONS

CITY CLERK ADMINISTRATION

ASSISTANT CITY MANAGER

EX ECUTIVE MANAGEMENT
TEAM
13

Page 120 of 429 ends

General Services Department

GENERAL SERVICES

DIRECTOR

PERSONNEL

RISK MANAGEMENT

COMMUNITY SERVICES DEPARTMENT SUPPORT

PERSONNEL SERVICES SENIOR SERVICES PURCHASING

FACILITIES

MAINTENANCE

RECREATIONEMPLOYEE BENEFITS

RISK MANAGEMENT PUBLIC TRANSIT
14

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Finance Department

FINANCE DIRECTOR

CITY TREASURER

ACCOUNTING INVESTMENT AND

REVENUE

BUDGETING

FORECASTING

FINANCIAL

REPORTING

DEBT ISSUANCE
& ADMINISTRATION

BILLING AND

COLLECTION
GRANT

ACCOUNTING

INVESTING
COST

ACCOUNTING
15

Page 122 of 429 ends

Planning and Development Services Department

PLANNING AND DEVELOPMENT SERVICES

DIRECTOR

PLANNING

DIVISION

BUILDING

DIVISION

ENGINEERING

DIVISION

ADVANCE PLANNING

CURRENT PLANNING

MAJOR PROJECTS
& PROGRAMS

PERMIT PROCESSING ENGINEERING

ADMINISTRATION

CAPITAL

IMPROVEMENTS

CONSTRUCTION

MANAGEMENT

INSPECTIONS

DEVELOPMENT
REVIEW

RESIDENTIAL

COMMERCIAL
16

Page 123 of 429 ends

Police Department

CHIEF OF POLICE

ADMINISTRATION &

SUPPORT SERVICES

OPERATIONS

PATROL SPECIAL ENFOR-

CEMENT TEAM
CRIME

ANALYSIS

MAGEC/HEAT/
ACT

FBI-TERRORISM

TASK FORCE

HOMELAND

SECURITY

COMPUTER

FORENSICS

WELLNESS &

FITNESS
HIRING

RESERVES

CHAPLAINS &

VOLUNTEERS
FLEET

PUBLIC RECORDS
ACT

NEIGHBORHOOD

SERVICES

RECORDS &

PUBLIC SERVICES

TRAINING
ANIMAL

RESPONSE TEAM

MISS WINKLES PET

ADOPTION CENTER

NON-PROFITS

RECEIVING &

CARE CENTER

GRAFFITI

ABATEMENT

JUVENILE

WORK PROGRAM

DIVERSION
YOUTH

ACADEMY

JUVENILE DRUG

EDUCATION

INVESTIGATIONS

BUDGET/
GRANTS
UAV
WAT CH 1
BEAT 7 & 8
WAT CH 3
BEAT 1
EOD
JAIL
FIELD

TRAINING
WATCH 2
BEAT 2, 3, & 6

INTERNAL

AFFAIRS

INJURIES W/C
CUSD

LIAISON

TECHNOLOGY

QUALITY OF LIFE
ISSUES

YOUTH SERVICES &

ANIMAL SERVICES
WATCH 4 & 6
BEAT 4 & 5
HONOR
GUARD

HOSPITAL/
EMS

PITCHESS
K9 MUTUAL
AID
CROWD

MANAGEMENT

COMMUNI-

CATIONS
POLICY, PROC.
& UOF REVIEW

TRAFFIC

PROPERTY &

EVIDENCE

FACILITIES
SWAT/
CNT
PIO &
MEDIA

SPECIAL

VEHICLES
17

Page 124 of 429 ends

Fire Department

FIRE CHIEF

EMERGENCY

OPERATIONS DIVISION

COMMUNITY RISK

REDUCTION DIVISION

TRAINING

COMMUNICATIONS

EMERGENCY

PREPAREDNESS
FIRE

INVESTIGATIONS
FIRE

PREVENTION
BUDGET

ACCREDITATION

STRATEGIC

PLANNING

PERSONNEL
SHIFT

OPERATIONS

SPECIALIZED
TEAMS
FLEET

FACILITIES

LOGISTICS

ADMINISTRATION

DIVISION
18

Page 125 of 429 ends

Public Utilities Department

PUBLIC UTILITIES

DIRECTOR

UTILITIES & PARKS ADMINISTRATION, SAFETY

TECHNICAL & FLEET

SANITATION & STREETS

WATER SUPPLY
& DISTRIBUTION

WASTEWATER

STORM DRAINAGE

SOLID WASTE

COLLECTION

LANDFILL

OPERATIONS

RECYCLING

ADMINISTRATION

STREET CLEANING
STREET

MAINTENANCE

STREET LIGHTING

PARKS/LANDSCAPE

MAINTENANCE

ADMIN & CLERICAL

UTILITIES PLANNING
& ENGINEERING

SAFETY & COMPLIANCE
FLEET

MAINTENANCE
19

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Clovis Successor Agencies

COMMUNICATIONSSUCCESSOR
AGENCY

ECONOMIC

DEVELOPMENT

AFFORDABLE

HOUSING

ECONOMIC DEVELOPMENT, HOUSING &

COMMUNICATIONS DIRECTOR
20

Page 127 of 429 ends

City Departments by Fund Type

CITY OF CLOVIS

GOVERNMENT FUND TYPES

ENTERPRISE FUND

COMMUNITY SANITATION

PLANNING & DEVELOPMENT SERVICES

TRANSIT

WASTEWATER
WATER

GENERAL FUND

CITY ATTORNEY

CITY CLERK

CITY COUNCIL

CITY MANAGER

ECONOMIC DEVELOPMENT &

COMMUNICATIONS

FINANCE
FIRE
PARKS

PERSONNEL
POLICE

RECREATION

SENIOR SERVICES

STORM DRAIN

STREET LIGHTING

STREET MAINTENANCE

INTERNAL SERVICE FUND

EMPLOYEE BENEFITS

FACILITIES MAINTENANCE

FLEET MAINTENANCE

INFORMATION TECHNOLOGY

LIABILITY & PROPERTY INSURANCE

SPECIAL REVENUE FUND

COMMUNITY FACILITIES DISTRICT

HOUSING & COMMUNITY DEVELOPMENT

LANDSCAPE MAINTENANCE DISTRICT

CAPITAL PROJECTS FUND

CAPITAL INVESTMENT PROGRAM

GOVERNMENTAL FUNDS PROPRIETARY FUNDS

Page 128 of 429 ends

CITY OF CLOVIS
2026-2027 MANAGEMENT STAFF
Andrew Haussler, City Manager
Paul Armendariz, Assistant City Manager
Chad McCollum, Economic Deve
lopment, Housing & Communications Director
Scott Cross, City Attorney
Curt Fleming, Police Chief
Chris Ekk, Fire Chief
Jay Schengel, Finance Director/Treasurer
Amy Hance, General Services Director
Renee Mathis, Planning & Development Services Director
Scott Redelfs, Public Utilities Director

BUDGET PREPARATION TASK FORCE
Andrew Haussler, City Manager
Jay Schengel, Finance Director
Paul Armendariz
Susan Eva
ns
Angela Papazian
Jose Cortez
Jose Reynoso
Ran Chan
Quinn Ringgold
Nathaniel Lopez
Fernando Copetti
Rebecca Simonian
22

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The Summary Section provides summarized
information on the various funds, revenue,
expenditures, and fund balances. The Summary
Section also provides a detailed presentation
of specific General Fund revenue.

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FUND BALANCE SUMMARY
This section contains information about
the various funds utilized by the City presented in summary form. The narrative, Highlights of Fund Activities, provides facts about the major fund groups. The information is intended to present to the reader, in a condensed form, important data about each fund group.

The Summary of Resources and Appropriations, which follows the Highlights, provides a very concise presentation of the various funds. For each fund, the Summary includes the estimated beginning fund balance as of July 1, 2026; the total estimated revenue for 2026-2027; the total proposed budget expenditures for 2026-2027; and the projected ending fund balance for each fund as of June 30, 2027.

The Notes to Resources and Appropriations Summary, immediately following the Summary of Resources and Appropriations, provides detail on the various fund trans fers along with notes about fund presentation and is an integral part of the Summary.

These schedules provide, in a condensed form, an overview of the financial position of the City for the budget year.
23

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FUND HIGHLIGHTS
General Fund - General Fund expenditures are being funded through current year revenues and a transfer from the Measure Y Fund. Projected revenues are $117.2 million which is $3.7 million or 3.3% more than the revised revenues for 2025-2026. Revenues for 2026-2027 are increasing mainly due to property taxes, sales taxes, transient occupancy taxes, and business license taxes. Proposed expenditures are $129.3 million and represent $3.2 million or 2.6% more when compar ed to 2025-2026 estimated expendi tures. The increase in 2026-27 proposed expenditures is largely due to increased costs for employee benefit programs including retirement and health insurance along with general price increases on the cost of services and supplies. Twenty-five new positions are recommended for the General Fund for 2026-2027. Sixteen positions in the Police Department, two positions in the Fire Department, one position in the Economic Development Division, four positions in the Parks Division, one position in the Street Lighting Division, and one position in the Streets Division. The General Fund has $28.1 million, or 20.0% of expenditures, designated as an emergency reserve consisting of $21.0 million in the General Fund and $7.1 million in the General Fund – Measure Y reserve. The General Fund also reflects no unassigned fund balance to be carried forward as a contingency for economic uncertainty and in case of unexpected expenditures or revenue shortfalls, but a signi ficant amount is forecasted to be available in the Measure Y fund balance, a discretionary resource for City Council to consider for critical needs and future investments.

General Fund - Measure Y - This fund is newly created to account for general government expenditures related to activities specifically funded with Measure Y, a 1% Transactions and Use Tax (Sales tax) approved by the voters of the City of Clovis on November 5, 2024. Such activities include maintaining public safety, keeping Clovis safe and clean, retaining small businesses and jobs, protecting local drinking water, repairing streets and roads, addressing homelessness, maintaining youth and parks programs, other general services, and requiring public spending disclosure. All Measure Y tax revenues are considered discretionary revenues and are deposited in the General Fund – Measure Y. Measure Y expenditures are being funded through current year revenues. Projected revenues are $31.3 million, which is $0.6 million or 2% more than the revised revenues for 2025-2026. Proposed expenditures are $29.4 million; $13.2 million for sustaining essential services levels and $16.2 million for operations that meet the goals approved by the voters. Also, using prior year savings, we are utilizing $4.0 million to catch up on deferred public safety fleet replacements. Refer to the Measure Y Section for more details.

Special Revenue Funds - The Housing and Community Development Fund projects a fund balance of $1.6 million for 2026-2027 with current program costs funde d using capital funds for projects and a combination of revenues and a transfer from the General Fund to co ver current operational program costs. The Landscape Assessment District Fund shows a pr ojected fund balance of $12.5 million for 2026-2027. This amount is being accumulated for required reserve and future equipment replacement. The Community Facilities District 2020-1 shows a projected fund balance of $0.5 million.

Internal Service Funds - All of the City’s Internal Service Funds have adequate revenues or reserves to cover current operating requirements. All Internal Services Funds derive revenue primarily from charges to user departments. The General Services Department has no new recommended positions for 2026-2027. The General Government Facilities Fund includes a limited number of minor projects with the reserves committed to future debt service obligations.

Enterprise Funds - All of the City’s Enterprise Funds show sufficient revenue and working capital to meet current operating requirements. With the increase in development over the last few years, the City has rebated utility customers the Sewer bond coverage charge of $7.30 per month. The City will continue to rebate the $7.30 per month Sewer bond coverage charge in 2026-2027. Sewer operations have an authorized 3% escalator, which is included in the proposed budget. The Community Sanitation Enterprise has an approved 4% increase effective every July 1 as needed. The need for this increase has been reviewed and will be implemented effective July 1, 2026, for the Recycling and Organics programs, the Refuse program and the Street Sweeping program. The Water Fund will implement the authorized Proposition 218 wa ter rate increases of approximately 21% per year for the next three years beginning Ja nuary 1, 2027, followed by a 3% annual escalator beginning July 1, 2029.

The Water/Sewer/Community Sanitation operations will add seven new positions in 2026-2027. The Transit Enterprise will continue utilizing the annual money received from the Transportation Development Act (TDA) and the Federal Transit Administration (FTA) to improve transit services and for capital improvements. The Transit Department has no new recommended positions for 2026-2 027. To accommodate staffing changes and market demands, the Planning & Development Enterprise will be adding one new position and eliminating another. 24

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Capital Improvements - Several major projects are included in the 2026-2027 budget and are listed in the Community Investment Program Section. The City has also identified several major projects in the Five-Year Community Investment Program Section for years beyond 2026-2027 that do not currently have funding sources identified.

More details regarding the recommended positions included in the 2026-2027 budget in the General Fund , Internal Service Funds, and Enterprise Funds are included in the Personnel Section. 25

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SUMMARY OF

RESOURCES AND APPROPRIATIONS
2026-2027
Beginning Current Ending
Fund Balance Transfers Resources Expenditures Balance

GENERAL
General Fund* 0 12,115,300 117,234,900 129,350,200 0
General Fund - Measure Y* 11,636,700 (22,298,000) 31,490,000 11,094,300 9,734,400 Total General Fund 11,636,700 (10,182,700) 148,724,900 140,444,500 9,734,400

SPECIAL REVENUE FUNDS
Housing & Community Develop. 2,888,300 750,000 5,368,200 7,322,300 1,684,200 Landscape Assessment Dist 11,537,100 0 7,030,000 5,985,000 12,582,100 Community Facilities Dist 2020-1 521,000 0 100,000 32,700 588,300 Total Special Revenue 14,946,400 750,000 12,498,200 13,340,000 14,854,600

INTERNAL SERVICE FUNDS
Liability & Property Insurance 3,334,800 0 9,464,500 10,433,400 2,365,900 Employee Benefits 19,538,300 0 54,194,700 52,916,200 20,816,800 Fleet Maintenance 27,805,900 4,052,800 18,689,600 17,276,700 33,271,600 Fleet Maintenance - Measure Y 0 2,223,300 172,000 2,223,300 172,000 General Government Services 13,502,400 40,000 19,795,900 19,540,200 13,798,100 General Government Services - Measure Y 0 1,299,200 0 1,299,200 0 Total Internal Service 64,181,400 7,615,300 102,316,700 103,689,000 70,424,400

ENTERPRISE FUNDS
Community Sanitation 10,941,100 150,000 30,502,300 32,730,200 8,863,200 Sewer Service 28,615,500 (2,730,000) 20,800,500 21,909,300 24,776,700 Water Service 23,957,800 (230,000) 25,875,000 31,726,900 17,875,900 Transit 419,900 (52,800) 19,712,000 19,712,000 367,100
Planning & Development Service 10,965,000 150,000 18,102,000 18,284,800 10,932,200 Planning & Development Service - Measure Y 0 250,200 0 250,200 0 Total Enterprise 74,899,300 (2,462,600) 114,991,800 124,613,400 62,815,100

CAPITAL IMPROVEMENT FUNDS
Sewer Construction 387,500 3,790,000 5,822,600 8,735,000 1,265,100 Park Projects 4,723,000 0 2,562,000 3,050,000 4,235,000 Street Construction 17,510,100 0 11,774,400 11,715,000 17,569,500 Water Construction 13,093,900 1,530,000 6,610,000 18,612,000 2,621,900 General Government Facilities 22,760,900 (550,000) 2,823,000 4,212,000 20,821,900 General Government Facilities - Measure Y 0 1,310,000 0 1,310,000 0 Total Capital Improvement 58,475,400 6,080,000 29,592,000 47,634,000 46,513,400 224,139,200 1,800,000 408,123,600 429,720,900 204,341,900 Beginning Ending
Balance Transfers Additions Deductions Balance

SUCCESSOR AGENCIES TRUST FUND
Clovis Successor Agencies** 1,025,000 0 1,406,000 1,361,000 1,070,000 * The General Fund maintains a combined emergency reserve of $28,099,000, consisting of $20,970,000 in the General Fund and $7,129,000 in the General Fund–Measure Y reserve. This total represents 20.0% of expenditures, consistent with the reserve level directed by the City Council. **The Clovis Successor Agencies are Private Purpose Trust Funds and as such are reported separately and not included in Citywide totals.
26

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NOTES TO RESOURCES & APPROPRIATIONS

SUMMARY

1. Summary of Transfers
Interfund operating transfers are legally authorized transfers from one fund receiving revenue to the fund where the resources are to be expended.

Amount From To Purpose
$ 350,000 General Fund Planning and Dev General Fund supported activity 600,000
General Fund Affordable Housing Various housing projects 60,000 Affordable Housing Housing & Comm Dev Housing administration 150,000 General Fund Housing & Comm Dev Housing administration 52,800 Transit Fleet Maintenance Fleet support
13,215,300 General Fund – Meas Y General Fund Maintain current services 2,223,300 General Fund – Meas Y Fleet – Meas Y Acquisition of fleet vehicles 1,310,000 General Fund – Meas Y Gen Govt Svs – Meas Y Various capital projects 650,000 General Fund – Meas Y Gen Govt Svs – Meas Y Facilities projects and staffing 250,200 General Fund – Meas Y Planning and Dev Additional staff costs 649,200 General Fund – Meas Y Information Tech IT projects and staffing 4,000,000 General Fund – Meas Y Fleet Maintenance Acquisition & maintenance 750,000 General Govt Svs Water Service Debt service – Fire Station 6 730,000 Water Service Water Capital-Dev Debt service – 2003 Revenue Bonds 1,060,000 Street Deposit Sewer Cap-Dev Various capital projects 550,000 Street Deposit Water Cap-Dev Various capital projects 250,000 Water Service Water Capital-User Various capital projects 150,000 Comm Sanitation Cap* Comm Sanitation Oper Acquisition of refuse containers 200,000 Planning and Dev Gen Govt Sv cs - CIP Various capital projects 40,000 Parking Business Impro Facilities Maintenance Various capital projects 3,000,000 Sewer Service Sewer Cap-Dev Debt service
270,000 Sewer Capital-Dev Sewer Service Ongoing capital projects 27

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2. For pre s
entation purposes, several funds were combined on the Summary of Fund Balances as follows:

Sewer Capital -
Sewer Capital-Enterprise
Sewer Capital-Developer
Water Construction -
Water Capital-Enterprise
Water Capital-Developer
*Community Sanitation Capital Fund is unbudgeted and as such, is not shown on the preceding schedule, but is fully disclosed in the City's Annual Financial Report. 28

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SUMMARY REVENUES AND EXPENDITURES
The following summary schedule provides an excellent overview of the City's 2026-2027 revenues and expenditures. The schedule on the following page combines all the City's funds into one summary schedule while the “2026-2027 Budget Summary-B
y Fund” provides a summary of revenues and expenditures for each fund.

Care needs to be taken when attempting to draw c onclusions from summary schedules, especially when comparing on
e budget year to prior years. Because of the up-and-down nature of capital project expenditures, the City's total budget can experience wide swings from year to year. An example of this may be a large street or sewer project that is budgeted in one budget year and may not exist in the next. This type of project may increase the budget by several million
dollars in any one year.

The reader should also be aware that the majority of the City's revenue and expenditures is restricted to specific purposes and
cannot be transferred from one fund to another. As was indicated in the City Manager's letter and further discussed in the Introduction Section, the General Fund is the only fund with discretionary revenues to pay for City services, such as police and fire. The other funds are restricted in their use, such as the Water Enterprise Fund, which can o
nly be used to pay expenses related to water delivery.

Following the summary schedules is a detailed description of major revenue sources. We are providing historical trends, budg
et
ing assumptions, and other information as appropriate.

The "2026-2027 Budget Summary-All Funds" includes all funding sources and expenditures for all Governmental and Proprietary Funds. A review of the revenue shows that “Charges for Current Services” is the largest revenue source followed by "Ch
arges to Other Departments”. Included in "Charges for Current Services" are the charges for the City's Enterprise Funds (water, sewer, refuse, etc.). This revenue source makes up 38% of the total funding sources. The source "Charges to Other Departments" reflects interfund charges, or revenue derived, by the City's Internal Service F
unds such as General Services, Em ployee Benefits, Fleet Services, and Liability and Property Insurance to other operating funds for services received fr om the Internal Service Funds. This funding source reflects 18% of the
total. (Please read the note at the bottom of the “2026-2027 Budget Summary-All Funds” about the effect Internal Service Fund charges have on the City's revenues and expenditures.) Property Taxes show an inc
rease due primarily to expected countywide growth, improving property values from prior years, and the statutory
Prop 13 increase of 2% or California CPI, whichever is less. The California CPI for 2026-2027 is 2%. Property taxes
account for 11% of the City’s revenue. The revenue source “Sales & Use Tax” which accounts for 15% of total revenue, reflects a significant increase due to the passage of Measure Y, a newly approved 1%
sales tax that was implemented on April 1, 2025. This new revenue stream has provided an enormous opportunity
to the City from our citizens, to ensure that we not only remain financially stable, but maintain services to meet the community’s needs and key priorities.

Overall,
the City budget is larger when compared to the prior year. Capital outlays/improvements account for 16% of the total budgeted expenditures in 2026-2027 and are decreasing when compared to the 2025-2026 estimated budget amounts.

The combined totals for all salaries and benefits, which account for 35% of the total expenditures, show a significant increase from the previous year due to the addition of thirty-five positions. Reflected in the category “Administrative and Overhead,” which makes up 9% of the total, is the expenditure side of the interfund charges by the City’s Internal Service Funds. This expenditure reflects costs such as computer
services, communications, energy, and office supplies. The expenditure category “Employee Related ISF Charges
” which accounts for 12% of total expenditures is another interfund related expenditure acc
ount and reflects the internal transfer of a portion of employee benefits.

Again, the reader is
requested to view each of these revenue and expenditure categories on a per fund and departmental basis along with
looking at a "Total Summarized Picture." Each of the department presentations included in the Operational Section will provide further information about the programs and proposed expenditures for each department.
29

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2024-2025 2025-2026 2026-2027

ACTUAL ESTIMATED BUDGET

FUNDING SOURCES
Property Taxes 41,135,997 43,581,000 46,299,000
Sales & Use Tax 36,340,501 60,218,000 61,478,000
Other Taxes 13,791,630 14,007,000 14,352,000
Licenses and Permits 4,986,171 6,005,800 6,056,400
Fines 225,318 230,000 235,000
Use of Money & Property 11,254,816 9,160,900 7,513,100
From Other Agencies 36,704,565 57,771,600 44,797,300
Charges for Current Services 119,631,767 124,335,300 153,915,400 Other Revenues 8,902,085 3,881,600 1,160,600
Charges to Other Departments-ISF 81,316,088 89,676,700 72,316,800 Other Financing Sources 958,857 650,300 0
Total Revenues and Other
Financing Sources 355,247,795 409,518,200 408,123,600
Beginning Fund Balances 209,745,576 241,821,000 225,789,200 Total Available Resources 564,993,371 651,339,200 633,912,800

EXPENDITURES/EXPENSES
Salaries-Regular 62,768,903 71,181,900 84,387,800
Overtime 9,227,009 9,878,200 8,977,000
Extra Help 4,466,294 6,323,400 6,526,000
Benefits 39,408,977 46,044,100 51,226,300
Vehicle Charges 16,339,784 17,143,100 18,819,500
Energy 11,463,995 12,126,100 12,759,700
Communications 940,524 978,600 940,500
Professional Services 33,338,750 38,565,900 37,612,000
Repair and Maintenance 5,381,475 6,846,500 10,265,900
State Mandates 1,035,129 1,198,700 1,236,700
Special Events 64,574 102,800 143,000
Building and Equipment Rental 16,187 27,000 19,000
Office Supplies 782,638 907,500 962,500
Materials and Supplies 8,045,385 9,567,500 9,954,100
Travel and Meeting Expense 280,470 416,600 372,300
Training 792,597 1,166,300 1,394,400
Dues and Subscriptions 789,041 1,208,200 1,666,700
Administration and Overhead 32,215,766 34,125,500 37,057,600 Employee-Related ISF Charges 39,771,328 46,019,800 51,909,100 Liability Insurance Prog-ISF 7,036,957 7,802,300 9,959,000 Debt Service 13,882,239 14,521,200 14,541,100
Capital Outlays/Improvements 35,274,349 99,548,800 68,990,700 Total Expenditures/Expenses and Other Uses 323,322,371 425,700,000 429,720,900 Net Operating Transfers * 150,000 150,000 150,000
Ending Fund Balances 241,821,000 225,789,200 204,341,900 2026-2027 BUDGET SUMMARY - ALL FUNDS
Included in the schedule below are items that are not considered revenue/expenses for financial reporting purposes. These items are:

Long-term Debt (COPs and loans; included in "Other Financing Sources") -- Reported as liabilities for financial reporting Principal payments on long-term debt (included in "Debt Service") -- Reported as a reduction to liabilities for financial reporting Capital additions (included in "Capital Outlays") -- Reported as fixed assets for financial reporting The numbers presented above include revenue and expenses for the City's Internal Service Funds. These funds act as cost allocation departments in that they accumulate the cost of goods and services and distribute these costs to the various other user departments. The user departments in turn record an expense/expenditure, and the Internal Service Fund records revenue. Therefore, a doubling effect occurs for those revenues and expenses/expenditures.

The Clovis Successor Agencies are Private Purpose Trust Funds and as such are reported separately and not included in Citywide totals. * Net transfers are the result of the transfer to the Refuse Disposal Fund from the Community Sanitation Fund, an unbudgeted fund. 30

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Other Taxes

3.4%
Property Taxes

10.6%
Other Financing Sources

0.3%
Sales & Use Tax

14.7%
Licenses and Permits

1.5%
Other Revenues

0.9%
From Other Agencies

14.1%
Use of Money and
Property

2.2%
Charges for Current
Services

30.3%
Fines

0.1%
Charges to Other
Departments-ISF

21.9%
2025-2026 ESTIMATED REVENUES
Other Taxes

3.5%
Property Taxes

11.3%
Other Financing Sources

0.1%
Sales & Use Tax

15.1%
Licenses and Permits

1.5%
Other Revenues

0.3%
From Other Agencies

11.0%
Use of Money
and Property

1.8%
Charges for Current
Services

37.5%
Fines

0.1%
Charges to Other
Departments-ISF

17.8%
2026-2027 BUDGET REVENUES
Expenditure charts are presented by fund later in this section and by department and function in the Operations section. 31

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General General General Services Fleet
Planning &
Development
Services Total

FUNDING SOURCES
Property Taxes 46,199,000
Sales & Use Tax 30,173,000 31,305,000 31,305,000 Other Taxes 14,352,000
Licenses and Permits 975,000
Fines 235,000
Use of Money & Property 221,500 185,000 185,000
From Other Agencies 7,796,800
Charges for Current Services 16,489,000 172,000 172,000 Other Revenues 793,600
Charges to Other Departments-ISF
Total Sources 117,234,900 31,490,000 0 172,000 0 31,662,000

EXPENDITURES/EXPENSES
Salaries-Regular 47,650,300 4,861,800 240,900 40,000 149,400 5,292,100 Overtime 7,802,400 9,000 9,000
Extra Help 2,806,000
Benefits 32,831,300 3,300,200 76,600 17,400 65,800 3,460,000 Vehicle Charges 7,231,200 194,800 5,300 200,100
Energy 3,358,900
Communications 285,000 18,000 18,000
Professional Services 7,549,300 547,000 547,000
Repair and Maintenance 454,300 510,500 510,500
State Mandates
Liability Insurance Prog-ISF
Special Events 4,000
Building and Equipment Rental 18,000
Office Supplies 182,500
Materials and Supplies 2,392,500 409,500 409,500
Travel and Meeting Expense 234,100 3,000 3,000
Training 649,400 338,000 338,000
Dues and Subscriptions 115,700 75,000 75,000
Administration and Overhead 14,638,700 1,196,000 26,400 17,900 35,000 1,275,300 Employee-Related ISF Charges
Debt Service
Capital Outlays/Improvements 1,146,600 217,000 1,674,500 2,148,000 4,039,500 Total Uses 129,350,200 11,094,300 2,609,200 2,223,300 250,200 16,177,000 Measure Y
Funds
2026-2027 BUDGET SUMMARY - BY FUND
32

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Enterprise
Funds
Community
Sanitation
Sewer
Service Transit
Water
Service
Planning & Development
Services

FUNDING SOURCES
Property Taxes
Sales & Use Tax
Other Taxes
Licenses and Permits 5,081,400
Fines
Use of Money & Property 439,000 1,554,000 401,300 1,448,000 399,000 From Other Agencies 59,300 19,310,700 27,000
Charges for Current Services 29,918,000 19,221,500 24,227,000 12,538,600 Other Revenues 86,000 25,000 200,000 56,000
Charges to Other Departments-ISF
Total Sources 30,502,300 20,800,500 19,712,000 25,875,000 18,102,000

EXPENDITURES/EXPENSE
S
Salaries-Regular 6,707,200 1,981,900 3,165,600 4,897,400 8,364,600 Overtime 517,000 18,500 174,100 205,500 147,900
Extra Help 35,000 15,000 3,544,000 18,000 58,000
Benefits 3,119,900 903,600 2,498,900 2,236,900 3,371,700 Vehicle Charges 7,162,100 457,700 1,962,700 1,060,600 401,100 Energy 30,000 1,800,000 5,650,000
Communications 10,200 5,000 294,000 21,000 36,000
Professional Services 7,365,200 8,403,500 280,300 3,620,000 2,703,200 Repair and Maintenance 40,100 1,803,500 2,447,000
State Mandates 1,166,700
Liability Insurance Prog-ISF 2,000 3,000
Special Events 14,000
Building and Equipment Rental 1,000
Office Supplies 113,900 5,500 53,000 17,000
Materials and Supplies 208,700 349,500 1,984,800 10,000 Travel and Meeting Expense 21,500 8,000 24,400 8,000 30,000 Training 46,500 18,200 9,700 48,000 31,500
Dues and Subscriptions 11,500 7,000 4,100 8,500 22,000 Administration and Overhead 4,838,700 3,614,400 2,706,700 4,459,700 2,964,800 Employee-Related ISF Charges
Debt Service 1,500
Capital Outlays/Improvements 1,333,000 2,516,500 5,047,500 5,008,500 110,000 Total Uses 32,730,200 21,909,300 19,712,000 31,726,900 18,284,800 2026-2027 BUDGET SUMMARY - BY FUND
33

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Funds
Liability and
Property
Insurance
Employee
Benefits
General
Services Fleet Sewer
Park
Projects Streets Water

FUNDING SOURCES
Property Taxes
Sales & Use Tax
Other Taxes
Licenses and Permits
Fines
Use of Money & Property 39,000 540,000 1,013,200 732,000 16,000 525,000 From Other Agencies 133,000 432,000 11,720,400 Charges for Current Services 12,236,100 17,957,600 5,806,600 2,130,000 54,000 6,085,000 Other Revenues
Charges to Other Departments-ISF 9,425,500 53,654,700 9,236,600 Total Sources 9,464,500 54,194,700 22,618,900 18,689,600 5,822,600 2,562,000 11,774,400 6,610,000

EXPENDITURES/EXPENSE
S
Salaries-Regular 242,500 458,000 3,380,400 1,998,000 Overtime 3,000 3,000 68,800 27,800
Extra Help 50,000
Benefits 102,100 186,700 1,513,300 926,200 Vehicle Charges 9,100 19,700 194,200 113,800 Energy 1,920,800
Communications 268,500 2,800
Professional Services 11,000 696,600 358,200 Repair and Maintenance 3,288,500 1,695,000
State Mandates 70,000
Liability Insurance Prog-ISF 9,954,000
Special Events 125,000
Building and Equipment Rental
Office Supplies 587,500 3,100
Materials and Supplies 8,000 329,500 4,259,100 Travel and Meeting Expense 4,400 1,200 30,600 4,300 Training 46,000 37,600 146,500 23,000 Dues and Subscriptions 1,000 500 1,416,300 1,100 Administration and Overhead 63,300 114,400 877,300 1,449,600 Employee-Related ISF Charges 51,909,100
Debt Service 2,963,400 422,200 8,212,000 2,942,000 Capital Outlays/Improvements 50,000 6,020,000 5,922,500 523,000 3,050,000 11,715,000 15,670,000 Total Uses 10,433,400 52,916,200 23,752,200 17,276,700 8,735,000 3,050,000 11,715,000 18,612,000 Funds
Internal Service Capital Projects
2026-2027 BUDGET SUMMARY - BY FUND
34

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Trust Fund
Housing &
Community
Development
Landscape
Assessment District
Community Facilities
Dist 2020-1 Affordable Housing
Total Successor Agency
Trust Fund*
FUNDING SOURCES Additions
Property Taxes 100,000 46,299,000 1,406,000
Sales & Use Tax 61,478,000
Other Taxes 14,352,000
Licenses and Permits 6,056,400
Fines 235,000
Use of Money & Property 100 7,513,100
From Other Agencies 4,764,400 553,700 44,797,300
Charges for Current Services 7,030,000 50,000 153,915,400 Other Revenues 1,160,600
Charges to Other Departments-ISF 72,316,800
Total Sources 4,764,500 7,030,000 100,000 603,700 408,123,600 1,406,000 EXPENDITURES/EXPENSES Deductions
Salaries-Regular 249,800 84,387,800
Overtime 8,977,000
Extra Help 6,526,000
Benefits 75,700 51,226,300
Vehicle Charges 7,200 18,819,500
Energy 12,759,700
Communications 940,500
Professional Services 87,000 5,985,000 5,700 37,612,000 20,000 Repair and Maintenance 27,000 10,265,900
State Mandates 1,236,700
Liability Insurance Prog-ISF 9,959,000
Special Events 143,000
Building and Equipment Rental 19,000
Office Supplies 962,500
Materials and Supplies 2,500 9,954,100
Travel and Meeting Expense 2,800 372,300
Training 1,394,400
Dues and Subscriptions 4,000 1,666,700
Administration and Overhead 54,700 37,057,600
Employee-Related ISF Charges 51,909,100
Debt Service 14,541,100 1,341,000
Capital Outlays/Improvements 4,540,200 2,298,400 68,990,700 Total Uses 5,023,900 5,985,000 32,700 2,298,400 429,720,900 1,361,000 2026-2027 BUDGET SUMMARY - BY FUND
Funds
Special Revenue
35

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Clovis City CouncilMay 18, 2026

Clovis City Council
May 18, 2026