Colton City Council
March 3, 2026

CITY OF COLTON, CALIFORNIA

STATEMENT OF NET POSITION (CONTINUED)

PROPRIETARY FUNDS
JUNE 30, 2025

See accompanying Notes to Financial Statements.
(32)

Governmental
Business-Type Activities - Enterprise Funds Activities
Electric Water Waste Water Internal
Utility Utility Utility Total Service Funds

LIABILITIES
Current Liabilities:

Accounts Payable 4,301,227 $ 1,966,670 $ 888,368 $ 7,156,265 $ 353,260 $ Accrued Interest 147,333 191,412 46,836 385,581 - Deposits Payable 1,729,950 180,628 - 1,910,578 - Accrued Compensated Absences 480,089 199,347 140,539 819,975 68,690 Accrued Claims and Judgments - - - - 2,268,680 Lease Payable - 97,208 4,360 101,568 - Total OPEB Liability 300,344 123,092 93,550 516,986 - Bonds and Notes Payable 2,680,000 471,302 634,921 3,786,223 - Total Current Liabilities 9,638,943 3,229,659 1,808,574 14,677,176 2,690,630 Noncurrent Liabilities:

Accrued Compensated Absences 171,135 81,895 1,505 254,535 41,120 Accrued Claims and Judgments - - - - 4,606,109 Lease Payable - 325,279 26,596 351,875 - Total OPEB Liability 5,542,861 2,271,664 1,726,465 9,540,990 - Net Pension Liability 12,520,045 4,619,291 4,109,402 21,248,738 - Bonds and Notes Payable 10,064,567 15,232,669 4,217,156 29,514,392 - Total Noncurrent Liabilities 28,298,608 22,530,798 10,081,124 60,910,530 4,647,229 Total Liabilities 37,937,551 25,760,457 11,889,698 75,587,706 7,337,859

DEFERRED INFLOWS OF RESOURCES
Amounts Related to Leases 6,564,947 - - 6,564,947 - Deferred Amount from OPEB 1,277,934 523,744 398,045 2,199,723 - Total Deferred Inflows of Resources 7,842,881 523,744 398,045 8,764,670 -

NET POSITION
Net Investment in Capital Assets 28,166,983 25,322,751 31,536,162 85,025,896 2,584,650 Restricted for Debt Service 3,706,932 - - 3,706,932 - Unrestricted 66,247,535 24,738,081 7,470,726 98,456,342 16,727,996 Total Net Position 98,121,450 $ 50,060,832 $ 39,006,888 $ 187,189,170 19,312,646 $ Prior Years' Accumulated Adjustment to Reflect the
Consolidation of Internal Service Funds Activities
Related to the Enterprise Funds 3,863,013
Current Year's Adjustment to Reflect the
Consolidation of Internal Service Funds
Activities Related to the Enterprise Funds 946,612
Net Position of Business-Type Activities 191,998,795$

CITY OF COLTON, CALIFORNIA

STATEMENT OF REVENUES, EXPENSES, AND CHANGES IN NET POSITION

PROPRIETARY FUNDS
YEAR ENDED JUNE 30, 2025

See accompanying Notes to Financial Statements.
(33)

Governmental
Business-Type Activities - Enterprise Funds Activities
Electric Water Waste Water Internal
Utility Utility Utility Total Service Funds

OPERATING REVENUES
Sales and Service Charges 85,880,563 $ 13,112,880 $ 12,825,432 $ 111,818,875 $ 12,986,227 $ Miscellaneous 4,604,623 3,500,924 509,925 8,615,472 684 Total Operating Revenues 90,485,186 16,613,804 13,335,357 120,434,347 12,986,911

OPERATING EXPENSES
Salaries and Benefits 10,237,672 3,657,793 2,762,017 16,657,482 1,971,459 Maintenance and Operations 10,029,936 6,097,942 4,791,167 20,919,045 5,042,009 Generation 888,650 - - 888,650 - Purchased Power 32,499,165 - - 32,499,165 - Contractual Services - - - - 223,268 Claims and Benefits - - - - 2,533,554 Charges from Other Funds 5,749,649 1,238,257 2,651,696 9,639,602 - Depreciation and Amortization Expense 3,110,721 1,484,946 1,486,221 6,081,888 280,849 Total Operating Expenses 62,515,793 12,478,938 11,691,101 86,685,832 10,051,139 OPERATING INCOME 27,969,393 4,134,866 1,644,256 33,748,515 2,935,772

NONOPERATING REVENUES (EXPENSES)
Lease Revenue 651,721 - - 651,721 - Net Investment Income 2,984,544 1,456,436 644,446 5,085,426 1,007,153 Interest Expense (427,509) (576,246) (148,858) (1,152,613) - Other Expenses - (2,000) - (2,000) - Loss on Disposal of Capital Assets (159,455) - - (159,455) - Total Nonoperating Revenues
(Expenses) 3,049,301 878,190 495,588 4,423,079 1,007,153 INCOME BEFORE TRANSFERS 31,018,694 5,013,056 2,139,844 38,171,594 3,942,925 TRANSFERS OUT (16,242,506) (126,425) (112,437) (16,481,368) (72,738) CHANGE IN NET POSITION 14,776,188 4,886,631 2,027,407 21,690,226 3,870,187 Net Position - Beginning of Year, as
Previously Presented 83,345,262 45,453,034 36,979,481 165,777,777 15,442,459 Restatement (Correction of Error) - (278,833) - (278,833) - Net Position - Beginning of Year, as Restated 83,345,262 45,174,201 36,979,481 165,498,944 15,442,459 NET POSITION - END OF YEAR 98,121,450$ 50,060,832 $ 39,006,888 $ 187,189,170 $ 19,312,646 $ Adjustment to Reflect the Consolidation of Internal
Service Fund Activities Related to Enterprise Funds 946,612$ Change in Net Position - Enterprise Funds 21,690,226

CHANGE IN NET POSITION OF BUSINESS-
TYPE ACTIVITIES 22,636,838$

CITY OF COLTON, CALIFORNIA

STATEMENT OF CASH FLOWS

PROPRIETARY FUNDS
YEAR ENDED JUNE 30, 2025

See accompanying Notes to Financial Statements.
(34)

Governmental
Business-Type Activities - Enterprise Funds Activities
Electric Water Waste Water Internal
Utility Utility Utility Total Service Funds

CASH FLOWS FROM OPERATING ACTIVITIES
Cash Received from Customers and Users 90,668,088 $ 13,950,765 $ 12,225,754 $ 116,844,607 $ 12,979,659 $ Cash Paid to Suppliers for Goods and Services (50,578,513) (6,796,327) (7,795,253) (65,170,093) (7,407,955) Cash Paid to Employees for Services (10,040,415) (3,617,452) (2,732,807) (16,390,674) (1,945,262) Net Cash Provided By
Operating Activities 30,049,160 3,536,986 1,697,694 35,283,840 3,626,442

CASH FLOWS FROM NONCAPITAL

FINANCING ACTIVITIES
Cash Paid to Other Funds (16,148,774) (126,425) (112,437) (16,387,636) (72,738) Net Cash Used by Noncapital
Financing Activities (16,148,774) (126,425) (112,437) (16,387,636) (72,738)

CASH FLOWS FROM CAPITAL AND

RELATED FINANCING ACTIVITIES
Acquisition and Construction of Capital Assets (4,992,955) (2,040,016) (198,226) (7,231,197) (548,741) Subscription Payment (17,915) (17,910) (17,910) (53,735) - Lease Payment - (80,866) (4,203) (85,069) - Principal Paid on Capital Debt (2,560,000) (787,857) (616,962) (3,964,819) - Interest Paid on Capital Debt (716,354) (606,778) (155,235) (1,478,367) - Net Cash Used by Capital and
Related Financing Activities (8,287,224) (3,533,427) (992,536) (12,813,187) (548,741)

CASH FLOWS FROM INVESTING ACTIVITIES
Interest Received 2,980,087 1,490,315 653,910 5,124,312 996,746 Net Cash Provided by Investing
Activities 2,980,087 1,490,315 653,910 5,124,312 996,746

NET CHANGE IN CASH AND CASH
EQUIVALENTS 8,593,249 1,367,449 1,246,631 11,207,329 4,001,709
Cash and Cash Equivalents - Beginning of Year 63,396,466 29,607,253 13,525,677 106,529,396 19,717,787

CASH AND CASH EQUIVALENTS - END
OF YEAR 71,989,715$ 30,974,702 $ 14,772,308 $ 117,736,725 $ 23,719,496 $

CASH AND CASH EQUIVALENTS
Current Cash and Investments 68,282,783 $ 27,227,347 $ 11,278,066 $ 106,788,196 $ 23,719,496 $ Restricted Cash with Fiscal Agent 3,706,932 3,747,355 3,494,242 10,948,529 - Total Cash and Cash Equivalents 71,989,715 $ 30,974,702 $ 14,772,308 $ 117,736,725 $ 23,719,496 $

CITY OF COLTON, CALIFORNIA

STATEMENT OF CASH FLOWS (CONTINUED)

PROPRIETARY FUNDS
YEAR ENDED JUNE 30, 2025

See accompanying Notes to Financial Statements.
(35)

Governmental
Business-Type Activities - Enterprise Funds Activities
Electric Water Waste Water Internal
Utility Utility Utility Total Service Funds

RECONCILIATION OF OPERATING INCOME
(LOSS) TO NET CASH PROVIDED BY

OPERATING ACTIVITIES
Operating Income (Loss) 27,969,393 $ 4,134,866 $ 1,644,256 $ 33,748,515 $ 2,935,772 $ Adjustments to Reconcile Operating Income
(Loss) to Net Cash Provided by
Operating Activities:

Depreciation and Amortization Expense 3,110,721 1,484,946 1,486,221 6,081,888 280,849 Lease Revenue 396,251 - - 396,251 - Write Off of Cancelled CIP Projects - 265,279 - 265,279 - Changes in Assets, Deferred Outflows of Resources,
Liabilities, and Deferred Inflows of Resources:
(Increase) Decrease In:

Accounts Receivable (529,771) (2,708,052) (1,109,603) (4,347,426) (7,251) Prepaid Items 330,000 733 (316) 330,417 300 Deposits Receivable (1,911,977) - - (1,911,977) - Inventories (513,671) (11,900) - (525,571) - Deferred Amounts from OPEB 237,952 82,787 97,781 418,520 Deferred Amounts from Pension 722,052 493,816 303,686 1,519,554 - Increase (Decrease) In:

Accounts Payable (356,270) 535,316 (392,891) (213,845) (254,141) Deposits Payable 316,422 45,013 - 361,435 - Claims and Judgments - - - - 644,716 Compensated Absences 197,257 40,341 29,210 266,808 26,197 Total OPEB Liability (56,217) 34,987 (110,705) (131,935) -
Net Pension Liability (118,367) (971,185) (310,851) (1,400,403) - Deferred Amounts from OPEB 366,037 158,985 99,606 624,628 - Deferred Amounts from Pension (110,652) (48,946) (38,700) (198,298) - Net Cash Provided by
Operating Activities 30,049,160 $ 3,536,986 $ 1,697,694 $ 35,283,840 $ 3,626,442 $

NONCASH INVESTING, CAPITAL, AND

FINANCING ACTIVITIES
Loss on Dis
posal of Capital Assets (159,455)$ - $ - $ (159,455)$ - $ Assets Acquired Through Leases - $ 187,386$ - $ 187,386$ - $ Write Off of Cancelled Capital Projects - $ 265,279$ - $ 265,279$ - $

CITY OF COLTON, CALIFORNIA

STATEMENT OF FIDUCIARY NET POSITION

FIDUCIARY FUNDS
JUNE 30, 2025

See accompanying Notes to Financial Statements.
(36)

Private-Purpose
Trust Custodial
Funds Funds
ASSETS
Cash and Investments 3,491,976 $ 656,128 $
Receivables:

Taxes - 3,849
Accrued Interest 37,381 7,634
Restricted Assets:

Cash and Investments - -
Total Assets 3,529,357 667,611

LIABILITIES
Accounts Payable - 19,381
Accrued Interest 106,516 -
Deposits Payable 230,799 -
Due to Other Governments - 37,763 Long-Term Liabilities:

Due in One Year 1,170,000 -
Due in More than One Year 5,510,165 -
Total Liabilities 7,017,480 57,144

NET POSITION
Held for Other Individuals and Organizations (3,488,123) 610,467 Total Net Position (3,488,123) $ 610,467 $

CITY OF COLTON, CALIFORNIA

STATEMENT OF CHANGES IN FIDUCIARY NET POSITION

FIDUCIARY FUNDS
YEAR ENDED JUNE 30, 2025

See accompanying Notes to Financial Statements.
(37)

Private-Purpose
Trust Custodial
Funds Funds

ADDITIONS
Contributions 39,823 $ - $
Taxes 1,431,065 513,862
Interest and Change in Fair Value of Investments 134,705 28,520 Total Additions 1,605,593 542,382

DEDUCTIONS
Administrative Expenses 5,451 171,174
Professional Services - 230,412 Utilities - 65,666
Payment to County 237 -
Interest Expense 173,333 -
Total Deductions 179,021 467,252
CHANGE IN NET POSITION 1,426,572 75,130
Net Position - Beginning of Year (4,914,695) 535,337 NET POSITION - END OF YEAR (3,488,123)$ 610,467 $

CITY OF COLTON, CALIFORNIA

NOTES TO FINANCIAL STATEMENTS
JUNE 30, 2025

(38)

NOTE 1 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
The basic financial statements of the City of Colton, California (City), have been prepared in accordance with accounting principles generally accepted in the United States of America (GAAP) as applied to government units. The Governmental Accounting Standards Board (GASB) is the accepted standard-setting body for establishing governmental accounting and financial reporting principles. The more significant of the City’s accounting policies are described below.

A. Description of the Reporting Entity
The City is located in the County of San Bernardino and was incorporated on July 20, 1887, under the general laws of the state of California. The City operates under an elected Council/City Manager form of government. The City’s major operations include police and fire protection, electric, water, sanitation, public works, parks, recreation and certain social services and general administrat ion services. As required by GAAP, these financial statements present the City and its component units, entities for which the City is considered financially accountable.

A component unit is included in the primary gov ernment’s financial statements if the City appoints a voting majority of the component unit’s governing body and (1) it is able to impose its will on the component unit, or (2) there is a potential for the component unit to provide specific financial benefits to, or impose specific financial burdens on, the City.

The component units discussed below are controlled by common governing boards, which are substantively the same as the City’s governing boards. In addition, the component units provide services or other benefits almost entirely to the City, and there is a potential for the component units to impose financial burdens on the City. Therefore, these component units are presented as blended component units for financial reporting purposes. The component units have the same fiscal year-end as the City. The blended component units discussed below, although legally separate entities, are in substance part of the government operation and have been combined herein.

A brief description of each component unit follows:

The Colton Public Financing Authority (the Authority) was created by a joint powers agreement, formed for the purpose of issuing bonds in order to finance capital improvement projects. The Authority’s Board of Directors is composed of the five elected City Council members. The activity of the Authority is recorded in the Public Financing Authority Debt Service Fund. Separate financial statements are not prepared for the Authority.

CITY OF COLTON, CALIFORNIA

NOTES TO FINANCIAL STATEMENTS
JUNE 30, 2025

(39)

NOTE 1 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED) A. Description of the Reporting Entity (Continued)
The Colton Utility Authority (the Utility Authority) was created pursuant to Joint Powers Law Articles 1 through 4 (commencing with Section 6500) of Chapter 5, Division 7, Title 1 of the California Government Code and the Marks-Roos Local Bond Pooling Act of 1985. The Utility Authority was formed to provide for the lease, ownership, operation, maintenance, construction and financing of the Water and Wastewater Utility systems. The City Council acts as the governing board of the Utility Authority. The activity of the Utility Authority is recorded in the Water Utility and Wastewater Utility Proprietary Funds. Separate financial statements are not prepared for the Utility Authority.

In September 2000, the City entered into an agreement with the Utility Authority. The agreement was formed for the sole purpose for arranging for the Utility Authority to carry out all aspects of operations and maintenance of the City’s water and wastewater enterprise pursuant to and in accordance with the provisions of the Utility Authority agreement. The agreement is for a term of 55 years ending in 2055.

The City continues to own the water and wastewater enterprise. The Utility Authority has been afforded long-term nonexclusive access and use of the facilities to perform the services required under the agreement. As part of the agreement, payments are to be made from the Utility Authority to the City from the Water and Wastewater Utility Funds in the amount of $870,000 and $570,000 each year, respectively. These amounts are included as maintenance and operations expense on the statement of revenues, expenses and changes in net position.

The Colton Housing Authority (Housing Authority) was established on March 15, 2011. The Housing Authority was activated pursuant to State Law Section 34240 of the California Health and Safety Code, which allows for every City to establish a housing authority. The Housing Authority is designed to protect local housing funds and programs, provide new revenue opportunities for affordable housing programs, serve the public interest, promote public safety and welfare and ensure decent, safe, sanitary and affordable housing accommodations to persons of low income. The City Council of the City serves as the Housing Authority’s Commissioners and has operational responsibility for the component unit. The activity of the Housing Authority is recorded in the Housing Authority Special Revenue Fund. Separate financial statements are not prepared for the Housing Authority.

B. Government-Wide and Fund Financial Statements
The government-wide financial statements (i.e., the statement of net position and the statement of activities) report information on all of the nonfiduciary activities of the primary government and its component units. For the most part, the effect of interfund activity has been removed from these statements. Governmental activities, which normally are supported by taxes and intergovernmental revenues, are reported separately from business-type activities, which rely to a significant extent on fees and charges for support.

CITY OF COLTON, CALIFORNIA

NOTES TO FINANCIAL STATEMENTS
JUNE 30, 2025
(40)

NOT
E 1 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED) B.

Government-Wide and Fund Financial Statements (Continued) Certain eliminations ha
ve been made as prescribed by GASB Statement No. 34 in
regard to interfund activities, payables, and receivables. All internal balances in the statement of net position have been eliminated except those representing balances between the governmental activities and the business type activities, which are presented as internal balances an
d are eliminated in the total primary government
column. In the statement of activit
ies, interfund services have been eliminated; however,
those transactions bet
ween governmental and business type activities have not been eliminated.

The statement of activit
ies demonstrates the degree to which the direct expenses of a given fun
ction or segment is offset by program revenues. Direct expenses are those that are clearly identifiable
with a specific function or segment. Program revenues include (1) charges to customers or applicants who purchase, use, or directly benefit from goods, services or privileges provided by a given function or segment, and (2) gran ts
and contribu
tions that are restricted to meeting the operational or capital r equirements of a particular
function or segment. Taxes and other items not properly included among program revenues are reported instead as general revenues.

The underlyi
ng accounting system of the City is organized and operated on the basis of separate funds, each of which is considered to be a separate accounting entity. The operations of each fund are accounted for with a separate set of self-balancing accounts that comprise its assets, deferred outflows of resources, liabilities, deferred inflows of resources, fund equity, revenues and expenditures or expenses, as appropriate.

Governmental resources are allocated to and accounted for in individual funds based upon the purposes for which they are to be spent and the means by which spending activities are controlled.

Separate financial statements for the City’s governmental, proprietary and fiduciary funds are presented after the government-wide financial statements. These statements display information about major funds individually and other governmental funds in the aggregate for governmental funds. Fiduciary fund statements, even though excluded from the government-wide financial statements, include financial information for private- purpose trust funds and custodial funds.

C.

Measurement Focus, Basis of Accounting, and Financial Statement Presentation The accou
nting and financial reporting treatment is de termined by the applicable measureme
nt focus and basis of accounting. Measurement focus indicates the ty pe of resources b
eing measured, such as current financial resources or economic resour ces.

The basis o
f accounting indicates the timing of transactions or events for recognition in the financial statements.

CITY OF COLTON, CALIFORNIA

NOTES TO FINANCIAL STATEMENTS
JUNE 30, 2025

(41)

NOTE 1 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED) C. Measurement Focus, Basis of Accounting, and Financial Statement Presentation (Continued)
The government-wide financial statements are reported using the economic resources measurement focus and the accrual basis of accounting, as are the proprietary fund and fiduciary fund financial statements. Under the economic resources measurement focus, all assets, deferred outflows of resources, liabilities and deferred inflows of resources (whether current or noncurrent) associated with their activity are included on their statements of net position. Operating statements present increases (revenues) and decreases (expenses) in total net position. Under the accrual basis of accounting, revenues are recorded when earned and expenses are recorded when a liability is incurred, regardless of the timing of related cash flows. Property taxes are recognized as revenues in the year for which they are levied. Grants and similar items are recognized as revenue as soon as all eligibility requirements imposed by the provider have been met.

The City’s fiduciary fund financial statements report custodial funds and private purpose trust funds. Fiduciary funds are accounted for using the economic resources measurement focus and the accrual basis of accounting.

Governmental fund financial statements are reported using the current financial resources measurement focus and the modified accrual basis of accounting. Under the current financial resources measurement focu s, only current assets, current liabilities and deferred inflows of resources are generally included on their balance sheets. The reported fund balance is considered to be a measure of “available spendable resources.” Governmental fund operating statements present increases (revenues and other financing sources) and decreases (expenditures and other financing uses) in fund balance. Accordingly, they are said to present a summary of sources and uses of “available spendable resources” during a period. Noncurrent portions of long-term receivables due to governmental funds are reported on their balance sheets in spite of their spending measurement focus.

CITY OF COLTON, CALIFORNIA

NOTES TO FINANCIAL STATEMENTS
JUNE 30, 2025

(42)

NOTE 1 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED) C. Measurement Focus, Basis of Accounting, and Financial Statement Presentation (Continued)
Under the modified accrual basis of accounting, revenues are recognized as soon as they are both measurable and available. Revenues are considered to be available when they are collectible within the current period or soon enough thereafter to pay liabilities of the current period. For this purpose, the government considers revenues to be available if they are collected within 60 days of the end of the current fiscal period. Expenditures generally are recorded when a liability is incurred, as under accrual accounting.

However, debt service expenditures, as well as expenditures related to compensated absences, claims and judgments, are recorded only when payment is due. Property taxes, franchise taxes, licenses and interest associated with the current fiscal period are all considered to be susceptible to accrual and have been recognized as revenues of the current fiscal period. Only the portion of special assessments receivable due within the current fiscal period is considered to be susceptible to accrual as revenue of the current period. All other revenue items are considered to be measurable and available only when cash is received by the government.

The City reports the following major governmental funds:

• General Fund is used to account for sources and uses of financial resources applicable to the general government operation of the City. All general operating revenues and expenditures that are not restricted or accounted for in another fund are recorded in the General Fund.
• American Rescue Plan Act (“ARPA”) Fund is used to account for revenues and expenditures made for the ARPA Act funds received from the County and State to respond to the COVID-19 pandemic.
• Capital Improvements Fund is used to account for the General City capital projects. The funding for these projects is primarily from Measure I, Gas Tax and the General Fund.

The City reports the following major proprietary funds:

• The Electric Utility Fund is used to account for the production, distribution and transmission of electric energy to residents and businesses located within the City.
• The Water Utility Fund is used to account for the production and distribution of potable water to residents and businesses located within the City. • The Wastewater Utility Fund is used to account for the operation and maintenance of the water reclamation plant and sewage system.

CITY OF COLTON, CALIFORNIA

NOTES TO FINANCIAL STATEMENTS
JUNE 30, 2025

(43)

NOTE 1 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED) C. Measurement Focus, Basis of Accounting, and Financial Statement Presentation (Continued)
Additionally, the City reports the following fund types:

Governmental Fund Types
• Special Revenue Funds are used to account for the proceeds of specific revenue sources (other than special assessments, expendable trusts, or major capital projects) that are restricted to expenditures for special purposes. • Debt Service Funds are used to account for the accumulation of resources for, and the payment of, long-term debt principal, interest and related costs other than those being financed by proprietary funds.
• Capital Projects Funds are used to account for financial resources to be used for the acquisition or construction of major facilities other than those financed by Proprietary, Special Assessment and/or Trust Funds.

Propriety Fund Types
• Internal Service Funds are used by management to charge the cost of building and equipment, maintenance, information services, self-insurance and an automotive shop provided by one department to other departments of the City.

Fiduciary Fund Types
• The Private-Purpose Trust Funds account for the activities of the Cemetery and the Successor Agency to the Redevelopment Agency for the City of Colton (Successor Agency). The Cemetery private purpose trust fund holds donations made to the City for the Cemetery, and the Successor Agency private purpose trust fund accounts for the assets and liabilities of the former redevelopment agency and its allocated revenue to pay estimated installment payments of enforceable obligations until the obligations of the former redevelopment agency are paid in full and assets have been liquidated. Custodial funds are used to report fiduciary activities that are not required to be reported in private-purpose trust funds. The City uses the custodial fund to account for various assessment districts for which the City acts as an agent for debt service activity and monies seized by police as evidence.

D. New Accounting Pronouncement

Effective July 1, 2024, the City implemented GASB Statement No. 101, Compensated Absences. See Note 1K for more information.

CITY OF COLTON, CALIFORNIA

NOTES TO FINANCIAL STATEMENTS
JUNE 30, 2025

(44)

NOTE 1 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED) E. Cash and Investments
The City’s cash and cash equivalents are considered to be cash on hand, demand deposits and short term investments with original maturities of three months or less from the date of acquisition. The City maintains a cash and investment pool that is available for use for all funds. Each fund type’s position in the pool is reported in the financial statements as cash and investments.

Investments are recorded at fair value, which is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. Investments that are not traded on a market, such as investments in external pools, are valued based on the stated fair value represented by the external pool.

F. Receivables and Payables
Activity between funds that are representative of lending/borrowing arrangements outstanding at the end of the fiscal year are referred to as either “due to/from other funds” (i.e., the current portion of interfund loans) or “advances to/from other funds” (i.e., the noncurrent portion of interfund loans).

Property tax revenue is recognized in the fiscal year for which the taxes have been levied providing they become available. Available means then due, or past due and receivable within the current period, and collected within the current period, or expected to be collected soon enough thereafter (not to exceed 60 days), to be used to pay liabilities of the current period. The County of San Bernardino collects property taxes for the City. Tax liens attach annually as of 12:01 a.m. on the first day in January preceding the fiscal year for which the taxes are levied. Taxes are levied on both real and personal property as it exists on that date. The tax le vy covers the fiscal period from July 1 to June 30. All secured personal property taxes and one-half of the taxes on real property are due November 1; the second installment is due February 1. All taxes are delinquent, if unpaid, on December 10 and April 10, respectively. Unsecured personal property taxes become due on the first of March each year and are delinquent on August 31.

G. Inventories and Prepaid Items
Inventories of materials and supplies are carried at cost on a moving average basis. The City uses the consumption method of accounting for inventories. Certain payments to vendors reflect costs applicable to future accounting periods and are recorded as prepaid items in both government-wide and fund financial statements. The cost of prepaid items is recorded as expenditures/expenses when consumed rather than when purchased.

CITY OF COLTON, CALIFORNIA

NOTES TO FINANCIAL STATEMENTS
JUNE 30, 2025

(45)

NOTE 1 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED) H. Restricted Assets
Certain proceeds of debt issues, as well as certain resources set aside for their repayment, are classified as restricted assets in the financial statements because their use is limited by applicable bond covenants.

I. Capital Assets
Tangible capital assets, which include property, plant, equipment and infrastructure assets (e.g., roads, bridges, sidewalks and similar items), are reported in the government-wide and proprietary fund financ ial statements. The government defines capital assets as assets with an initial, individual cost of more than $5,000 (amount not rounded) and an estimated useful life in excess of one year. Such tangible assets are recorded at historical cost or estimated historical cost if purchased or constructed.

Donated capital assets are recorded at acquisition value at the date of donation. Lease and SBITA assets follow the same capitalization thresholds as capital assets.

The costs of normal maintenance and repairs that do not add to the value of the asset or materially extend assets lives are not capitalized. Major outlays for capital assets and improvements are capitalized as projects are constructed.

Property, plant, and equipment of the primar y government, as well as the component units, are depreciated using the straight-line method over the following estimated useful lives:

Building and Structures 40 Years
Furniture and Equipment 7 Years
Capacity Rights 55 Years
Intangible 30 Years
Public Domain Infrastructure 50 Years

Right-to-use lease assets are initially measured at the present value of payments expected to be made during the lease term, adjusted for lease payments made at or before the lease commencement date, plus cert ain initial direct costs. Subsequently, the lease asset is amortized in a systematic and rational manner over the shorter of the lease term or the useful life of the underlying asset.

SBITA assets are initially measured as the sum of the present value of payments expected to be made during the subscription term, payments associated with the SBITA contract made to the SBITA vendor at the commencement of the subscription term, when applicable, and capitalizable implementation costs, less any SBITA vendor incentives received form the SBITA vendor at the commencement of the SBITA term.

SBITA assets are amortized in a systematic and rational manner over the shorter of the subscription term or the useful life of the underlying IT assets.

CITY OF COLTON, CALIFORNIA

NOTES TO FINANCIAL STATEMENTS
JUNE 30, 2025

(46)

NOTE 1 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED) J. Deferred Outflows/Inflows of Resources
In addition to assets, the statement of net position reports a separate section for deferred outflows of resources. This separate financial statement element, deferred outflows of resources , represent a consumption of net assets that applies to future periods and will not be recognized as an outflow of resources (expense) until that time.

The category of deferred outflow of resources reported in the government-wide statement of net position and the proprietary funds financial statements and is related to a loss on refunding, pension, and other postemployment benefits. A deferred loss on refunding results from the difference in the carrying value of the refunded debt and its reacquisition price. This amount is deferred and amortized over the shorter of the life of the refunded or refunding debt. Deferred outflows on pension and other postemployment benefits are more fully discussed in Notes 9 and 10, respectively.

In addition to liabilities, the statement of net position and the governmental funds balance sheet reports a separate section for deferred inflows of resources. This separate financial statement element, deferred inflows of resources , represent an acquisition of net assets that applies to future periods and will not be recognized as an inflow of resources (revenue) until that time.

The City’s deferred inflows of resources reported on the government-wide statement of net position and the proprietary funds financial statements relate to pension and other postemployment benefits, which are more fully discussed in Notes 9 and 10, respectively.

The City’s deferred inflows of resources reported on the statement of net position and governmental funds balance sheet also include balances related to leases for amounts not yet received. Deferred inflows from lease receivable are initially measured at the initial amount of the lease receivable, adjusted for lease payments received at or before the lease commencement date. Subsequently, the deferred inflow of resources is recognized as revenue over the life of the lease term.

Deferred inflows from unavailable revenues, which arises only under a modified accrual basis of accounting, are reported only in the governmental funds balance sheet. The governmental funds report unavailable revenues from two sources, which are taxes and grants. These amounts are deferred and recognized as an inflow of resources in the period that the amounts become available.

CITY OF COLTON, CALIFORNIA

NOTES TO FINANCIAL STATEMENTS
JUNE 30, 2025
(47)

NOT
E 1 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED) K. Compensated Absences
The liability
for compensated absences reported in the government-wide and proprieta ry fund statem
ents consists of leave that has not been used that is attributable to services already ren
dered, accumulates and is more likely than not to be used for time off or otherwise paid in cash or settled through noncash means. The liability also includes amounts for leave that has been used for time
off but has not yet been paid in cash or
settled throu
gh noncash means and certain other types of leave.

L. Long-T
erm Obligations
In the government-wid e financial statements, long-term debt and other long-term obligations
are reported as liabilities in the statement of net position for governmental activities. Bond premiums and discounts are deferred and amortized over the life of the bonds. Amortization of bond premiums or discounts is included in interest expense.

Bonds payable are reported net of the applicable bond premium or discount.

In the fund financial statements, governmental fund types recognize bond premiums a nd discount
s, during the current period. The face amount of debt issued is reported as other financing sources. Premiums received on debt issuances are reported as other financing sources while discount
s on debt issuances are reported as other financing uses.

Issuance costs, whether or not withheld from the actual debt proceeds received, are reported as
debt service expenditures.

M. Fund Balance Classification
In the fund
financial statements, governmental funds report the following fund balan ce class
ification:

Nonspendable includes amounts that cannot be spent because they are either (a) not in spendable form or (b) legally or contractually required to be maintained intact.

Restricted includes amounts that are constrained on the use of resources by ei ther
(a) external creditors, grantors, contributors or laws of regulations of othe r governments or (b) by law through con
stitutional provisions or enabling legislation.

Committed includes amounts that can only be used for specific purposes pursuant to constraints imposed by formal action of the government’s highest authority, the City Council, and those that remain binding unless removed in the same manner. The formal action that is required to be taken to establish, modify or rescind a fund balance commitment is a City Council resolution.

CITY OF COLTON, CALIFORNIA

NOTES TO FINANCIAL STATEMENTS
JUNE 30, 2025

(48)

NOTE 1 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED) M. Fund Balance Classification (Continued)
In the fund financial statements, governmental funds report the following fund balance classification:

Committed (Continued) Examples of committed amounts are as follows:

A pension obligation reserve has been established through a resolution approved by the City Council. This reserve is calculated as 50% of the annual excess revenue over expenditures in the General Fund operating expenditures. This reserve has a balance of $35,287,493 as of June 30, 2025.

An OPEB obligation reserve has been established through a resolution approved by the City Council. This reserve is calculated as 25% of the annual excess revenue over expenditures in the General Fund operating expenditures. This reserve has a balance of $16,695,805 as of June 30, 2025.

Assigned includes amounts that are constrained by the government’s intent to be used for specific purposes but are neither restricted nor committed. The City Manager and/or Finance Director is authorized to assign amounts to a specific purpose, which was established by the governing body in Resolution 10 11.

Unassigned includes the residual balance for the government’s General Fund and includes all spendable amounts not contained in other classifications. In other funds, the unassigned classification is used only to report a deficit balance resulting from overspending for specific purposes for which amounts had been restricted, committed or assigned.

When an expenditure is incurred for purposes for which both restricted and unrestricted fund balances are available, the City considers restricted funds to have been spent first.

When an expenditure is incurred for which committed, assigned or unassigned fund balances are available, the City considers amounts to have been spent first out of committed funds, then assigned funds, and finally unassigned funds, as needed, unless the governing board has provided otherwise in its commitment or assignment actions.

CITY OF COLTON, CALIFORNIA

NOTES TO FINANCIAL STATEMENTS
JUNE 30, 2025

(49)

NOTE 1 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED) N. Net Position Classification
In the government-wide financial statements and proprietary fund financial statements, net position is reported in three categories:

Net Investment in Capital Assets – This amount consists of capital assets net of accumulated depreciation and reduced by outstanding debt and capital related payables that is attributed to the acquisition, construction or improvement of the assets.

Restricted Net Position – This amount is restricted by external creditors, grantors, contributors or laws or regulations of other governments.

Unrestricted – This amount is all net position that does not meet the definition of “net investment in capital assets” or “restricted net position.”

O. Net Position Flow Assumptions
Sometimes the City will fund outlays for a particular purpose from both restricted (e.g., restricted bond or grant proceeds) and unrestricted resources. In order to calculate the amounts to report as restricted – net position and unrestricted – net position in the government wide and proprietary fund financial statements, a flow assumption must be made about the order in which the resources are considered to be applied.

It is the City’s practice to consider restricted – net position to have been depleted before unrestricted – net position is applied.

P. Proprietary Funds Operating and Nonoperating Revenues and Expenses Proprietary funds distinguish operating revenues and expenses from nonoperating items. Operating revenues and expenses genera lly result from providing services and producing and delivering goods in connection with a proprietary fund’s principal ongoing operations. The principal operating revenues of the Electric Utility, Water Utility, Wastewater Utility and internal service funds are charges to customers for sales and services. Operating expenses for proprietary funds include the cost of sales and services, administrative expenses and depreciation on capital assets. All revenues and expenses not meeting this definition are reported as nonoperating revenues and expenses.

Q. Pensions
For purposes of measuring the net pension liability and deferred outflows/inflows of resources related to pensions, and pension expense, information about the fiduciary net position of the City’s California Public Em ployees’ Retirement System (CalPERS) plans (Plans) and additions to/deductions from the Plans’ fiduciary net position have been determined on the same basis as they are reported by CalPERS. For this purpose, benefit payments (including refunds of empl oyee contributions) are recognized when due and payable in accordance with the benefit terms. Investments are reported at fair value.

CITY OF COLTON, CALIFORNIA

NOTES TO FINANCIAL STATEMENTS
JUNE 30, 2025

(50)

NOTE 1 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED) R. Use of Estimates
The preparation of financial statements in accordance with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets, deferred outflows of resources, liabilities and deferred inflows of resources at the date of the financial statements and the reported amounts of revenues and expenditures/expenses during the reporting period. Actual results could differ from those estimates.

NOTE 2 STEWARDSHIP, COMPLIANCE, AND ACCOUNTABILITY
General Budget Policies
The City Council approves each year’s budget submitted by the City Manager prior to the beginning of the new fiscal year. Public hearings are conducted prior to its adoption by the City Council. Supplemental appropriations, where required during the period, are also approved by the City Council. Intradepartmental budget changes are approved by the City Manager. Expenditures may not exceed appropriations at the department level for the general fund and at the fund level for all other funds. At fiscal year-end, all unencumbered operating budget appropriations lapse. During the year, several supplementary appropriations were necessary.

Budget Basis of Accounting
Budgets for governmental funds are adopted on a basis consistent with GAAP.

Deficit Fund Balances
The following funds contained deficit fund balances as of June 30, 2025:

Deficit
Amount
Other Governmental Special Revenue Funds:

Community Development Block Grant 71,634 $
Miscellaneous Grants 1,517,150
Private-Purpose Trust Fund:

Successor Agency of the Former RDA 4,795,183

The other governmental special revenue funds deficits will be eliminated as grant reimbursements become available or transfers are made. The private-purpose trust fund deficit will be eliminated through the receipt of future RPPTTF to pay off long-term debt.

CITY OF COLTON, CALIFORNIA

NOTES TO FINANCIAL STATEMENTS
JUNE 30, 2025

(51)

NOTE 2 STEWARDSHIP, COMPLIANCE, AND ACCOUNTABILITY (CONTINUED) Excess of Expenditures Over Appropriations
Expenditures exceeded budgeted appropriations in the following fund:

Fund Variance with
Budget Actual Final Budget
Major Governmental Funds:

ARPA Special Revenue Fund - $ 7,662,113$ (7,662,113) $ Other Governmental Funds:

Community Child Care Special
Revenue Fund 1,858,049 1,898,440 (40,391)
Community Development Block Grant Fund 396,949 814,990 (418,041) State Traffic Relief Special Revenue Fund 1,377,432 1,497,798 (120,366) House City Fees Special Revenue Fund 453,026 808,409 (355,383) Local Transportation Special Revenue Fund 1,387,290 1,841,332 (454,042) Police Facility Development Fee
Special Revenue Fund - 140,679 (140,679) Miscellaneous Grants Special
Revenue Fund 13,000 2,656,580 (2,643,580) Housing Authority Special Revenue Fund - 126,500 (126,500) Taxable Pension Funding Bonds
Debt Service Fund 2,268,236 2,268,264 (28)
Development Fees Capital Projects Fund 250,000 855,278 (605,278) Colton Crossing Capital Projects Fund - 3,385 (3,385)

NOTE 3 CASH AND INVESTMENTS
Cash and Investments
Cash and investments held by the City at June 30, 2025, are reported in the accompanying financial statements as follows:

Statement of Net Position:

Cash and Investments 239,099,353 $
Restricted:

Cash and Investments 109,937
Cash with Fiscal Agent 14,072,735
Statement of Net Position - Fiduciary Funds:

Cash and Investments 4,148,104
Total Cash and Investments 257,430,129 $

Petty Cash 6,217 $
Deposits with Financial Institutions 31,808,653
Restricted Deposits with Financial Institutions 39,279
Investments 225,575,980
Total Cash and Investments 257,430,129 $

CITY OF COLTON, CALIFORNIA

NOTES TO FINANCIAL STATEMENTS
JUNE 30, 2025

(52)

NOTE 3 CASH AND INVESTMENTS (CONTINUED)
Investments Authorized by the California Government Code and the City’s Investment Policy
The table below identifies the investment types that are authorized for the City by the California Government Code (or the City’s investment policy, where more restrictive). The table also identifies certain provisions of the California Government Code (or the City’s investment policy, where more restrictive) that address interest rate risk, credit risk, and concentration of credit risk. This table does not address investments of debt proceeds held by bond trustees that are governed by the provisions of debt agreements of the City, rather than the general provisions of the California Government Code or the City’s investment policy.

Maximum Maximum
Maximum Percentage Investment
Authorized Investment Type Maturity of Portfolio in One Issuer Banker's Acceptances 180 Days 30% 30%
Negotiable Certificates of Deposit 5 Years 20% None
Commercial Paper 180 Days 25% 10%
State of California Local Agency
Investment Fund (LAIF) N/A None 75,000,000 $
Medium Term Notes 5 Years 30% 10%
Money Market Mutual Funds N/A 20% 10%
United States Treasury Obligations 5 Years None None
United States Government Sponsored
Agency Securities:

Federal Farm Credit Banks (FFCB) 5 Years 40% None
Federal Home Loan Banks (FHLB) 5 Years 40% None
Federal Home Loan Mortgage
Corporation (FHLMC) 5 Years 40% None
Federal National Mortgage
Association (FNMA) 5 Years 40% None
Repurchase Agreements 7 Days None None
N/A - Not Applicable

Investments Authorized by Debt Agreements
The above investments do not address investment of debt proceeds held by a bond trustee.

Investments of debt proceeds held by a bond trustee are governed by provisions of the debt agreements, rather than the general provisions of the California Government Code or the City’s investment policy. The table below identifies the investment types that are authorized for investments held by a bond trustee.

CITY OF COLTON, CALIFORNIA

NOTES TO FINANCIAL STATEMENTS
JUNE 30, 2025

(53)

NOTE 3 CASH AND INVESTMENTS (CONTINUED)
Investments Authorized by Debt Agreements (Continued)
The table also identifies certain provisions of these debt agreements that address interest rate risk, credit risk and concentration of credit risk.

Maximum Maximum
Maximum Percentage Investment
Authorized Investment Type Maturity of Portfolio in One Issuer Local Obligation Bonds None None None
Banker's Acceptances None None None
Certificates of Deposit 1 Year None None
Commercial Paper 180 Days None None
Money Market Mutual Funds None None None
United States Treasury Obligations None None None
United States Government Sponsored
Agency Securities None None None
Guaranteed Investment Contracts None None None

Interest Rate Risk
Interest rate risk is the risk that changes in market interest rates will adversely affect the fair value of an investment. Generally, the longer the maturity of an investment, the greater the sensitivity of its fair value to changes in market interest rates. One of the ways that the City manages its exposure to interest rate risk is by purchasing a combination of shorter term and longer term investments and by timing cash flows from maturities so that a portion of the portfolio is maturing or coming close to maturity evenly over time as necessary to provide the cash flows and liquidity needed for operations. The City has elected to use the segmented time distribution method of disclosure for its interest rate risk. As of June 30, 2025, the City had the following investments and original maturities:

Remaining Maturity (in Years)
1 Year 1 Year 3 Years
Investment Type or Less to 3 Years to 5 Years Total
LAIF 150,179,746 $ - $ - $ 150,179,746$ United States Government Sponsored
Agency Securities:

FHLB - 20,278,280 9,995,200 30,273,480 FNMA - - 11,017,270 11,017,270 Money Market Mutual Funds 20,032,455 - - 20,032,455 Held by Fiscal Agent:

Money Market Mutual Funds 14,073,029 - - 14,073,029 Total 184,285,230 $ 20,278,280 $ 21,012,470 $ 225,575,980 $

CITY OF COLTON, CALIFORNIA

NOTES TO FINANCIAL STATEMENTS
JUNE 30, 2025

(54)

NOTE 3 CASH AND INVESTMENTS (CONTINUED)
Credit Risk
Generally, credit risk is the risk that an issuer of an investment will not fulfill its obligation to the holder of the investment. This is measured by the assignment of a rating by a nationally recognized statistical rating organization.

Presented below is the minimum rating required by (where applicable) the California Government Code, the City’s investment policy, or debt agreements, and the actual rating by Standard & Poor’s as of fiscal year-end for each investment type.

Total as Minimum Ratings as of Fiscal Year End
of June 30, Legal Not
Investment Type 2025 Rating AAA AA+ Rated
LAIF 150,179,746 $ N/A - $ - $ 150,179,746$ United States Government Sponsored
Agency Securities:

FHLB 30,273,480 N/A - 30,273,480 - FNMA 11,017,270 N/A - 11,017,270 - Money Market Mutual Funds 20,032,455 A - 20,032,455 Held by Fiscal Agent:

Money Market Mutual Funds 14,073,029 A 14,073,029 - - Total 225,575,980 $ 14,073,029 $ 41,290,750 $ 170,212,201 $

Concentration of Credit Risk
The investment policy of the City contains no limitations on the amount that can be invested in any one issuer beyond that stipulated by th e California Government Code. Investments in any one issuer that represent 5% or more of the total City’s investments are as follows:

Amount
Issuer Invested
Federal Home Loan Bank 30,273,480 $
Federal National Mortgage Association 11,017,270

Custodial Credit Risk
The custodial credit risk for deposits is the risk that, in the event of the failure of a depository financial institution, a government will not be able to recover deposits or will not be able to recover collateral securities that are in the possession of an outside party. The custodial credit risk for investments is the risk that, in the event of the failure of the counterparty to a transaction, a government will not be able to recover the value of investment or collateral securities that are in the possession of an outside party. The California Government Code requires California banks and savings and loan associations to secure a City’s deposits by pledging government securities with a value of 110% of a City’s deposits. California law also allows financial institutions to secure City deposits by pledging first trust deed mortgage notes having a value of 150% of a City’s total deposits. The City Treasurer may waive the collateral requirement for deposits, which are fully insured up to $250,000 by the Federal Deposit Insurance Corporation. The collateral for deposits in federal and state chartered banks is held in safekeeping by an authorized Agent of Depository recognized by the State of California Department of Banking. The collateral for deposits with savings and loan associations is generally held in safekeeping by the Federal Home Loan Bank in San Francisco, California, as an Agent of Depository.

CITY OF COLTON, CALIFORNIA

NOTES TO FINANCIAL STATEMENTS
JUNE 30, 2025

(55)

NOTE 3 CASH AND INVESTMENTS (CONTINUED)
Custodial Credit Risk (Continued)
These securities are physically held in an undivided pool for all California public agency depositors. Under Government Code Section 53655, the placement of securities by a bank or savings and loan association with an Agent of Depository has the effect of perfecting the security interest in the name of the local governmental agency. Accordingly, all collateral held by California Agents of Depository is considered to be held for, and in the name of, the local governmental agency. As of June 30, 2025, all the City’s deposits with financial institutions were covered by federal depository insurance limits or were held in collateralized accounts.

Investments in State Investment Pool
The City is a voluntary participant in the Local Agency Investment Fund (LAIF) that is regulated by California Government Code Section 16429 under the oversight of the Treasurer of the state of California. LAIF is overseen by the Local Agency Investment Advisory Board, which consists of five members, in accordance with state of California statute. The State Treasurer’s Office audits the fund annually. The fair value of the City’s investment in this pool is reported in t he accompanying financial statements at amounts based upon the City’s pro rata share of the fair value provided by LAIF for the entire LAIF portfolio (in relation to the amortized cost of that portfolio). The balance available for withdrawal is based on the accounting records maintained by LAIF, which are recorded on an amortized cost basis.

Fair Value Measurements
The City categorizes its fair value measurement within the fair value hierarchy established by GAAP. The hierarchy is based on the relative inputs used to measure the fair value of the investments. Level 1 inputs are quoted prices in active markets for identical assets, Level 2 inputs are valued using a matrix pricing technique in where investments are valued based on the investments’ relationship to benchmark quoted prices, and Level 3 inputs are significant unobservable inputs. The City has the following recurring fair value measurements as of June 30, 2025:

Quoted Observable Unobservable
Prices Inputs Inputs
Level 1 Level 2 Level 3 Total
United States Government Sponsored
Agency Securities:

FHLB - $ 30,273,480$ - $ 30,273,480$ FNMA - 11,017,270 - 11,017,270 Total Leveled Investments - $ 41,290,750$ - $ 41,290,750 LAIF* 150,179,746
Money Market Mutual Funds* 34,105,484
Total Investment Portfolio 225,575,980$
* Not subject to fair value measurements.

CITY OF COLTON, CALIFORNIA

NOTES TO FINANCIAL STATEMENTS
JUNE 30, 2025

(56)

NOTE 4 LONG-TERM RECEIVABLES
Loans and notes receivable consist primarily of loans and advances for development purposes. Included in the Housing Authority are mortgage assistance program loans of $13,690 and other notes receivable of $28,436. The City is uncertain of the collectability of these loans, and therefore, the City has recorded an allowance for the principal balance of $42,126.

Pursuant to a Disposition and Development Agreement dated July 27, 2012, between the Housing Authority and Eagle Colton 55, LP, the Housing Authority has loaned a maximum amount of $4,924,000 in a promissory note dated March 1, 2013. The funds are to be used for acquisition and redevelopment of a 120-unit multifamily affordable senior citizen rental housing development. Interest is charged at a rate of 2% per annum. Annual payments are equal to 25% of residual receipts for each calendar year until the 16th anniversary of the occupancy date when all outstanding principal and interest shall be paid in annual payments equal to 10% of residual receipts until maturity.

All unpaid principal and interest shall be due upon maturity, which is 55 years from the date of the loan (in service date). Residual receipts are defined as annual project revenue less the sum of (1) operating expenses, (2) debt service, (3) repayment of loans, and (4) reserve deposits. As of June 30, 2025, the Housing Authority has disbursed $3,630,445 of the maximum loan amount of $4,924,000. The City is uncertain of the collectability of these loans, and therefore, the City has recorded an allowance for uncollectible for the outstanding balance, including accrued interest, of $3,574,557 at June 30, 2025.

NOTE 5 LEASE RECEIVABLES
The City, acting as lessor, leases land under long-term, noncancelable lease agreements.

On July 1, 2021, the City entered into a 306 month lease as lessor for the use of Lamar Billboard Signs. An initial lease receivable was recorded in the General Fund during 2021 in the amount of $4,442,796. During the fiscal year ended June 30, 2025, the City entered into an agreement with the lessee to reduce the amounts due under the agreement. This resulted in a reduction of the receivable in fiscal year 2024-2025 of $1,394,141 and a reduction of the deferred inflow of resources due to leases in the amount of $946,226. The net impact of this change resulted in an expenditure in fiscal year 2024-2025 totaling $447,916. As of June 30, 2025, the value of the lease receivable is $2,764,491. The lessee is required to make monthly payments ranging from $9,678 to $14,117 and no variable payments. The lease has an interest rate of 1.81%. The value of the deferred inflow of resources as of June 30, 2025 was $2,841,715, and City recognized lease revenue and interest revenue of $132,172 and $51,000, respectively, during the fiscal year.

On June 20, 2023, the City entered into a two identical 151 month leases as lessor for the use of Drews and Century Substations. Initial lease receivables were recorded in the Electric Utility Enterprise Fund in the amount of $7,834,517 for both leases. As of June 30, 2025, the value of the lease receivables is $7,010,299. The lessees are required to make monthly fixed payments, which change each year. The initial monthly payments totaled $60,038 for both leases. There are no variable payments. Each lease has an interest rate of

3.11%.

CITY OF COLTON, CALIFORNIA

NOTES TO FINANCIAL STATEMENTS
JUNE 30, 2025

(57)

NOTE 5 LEASE RECEIVABLES (CONTINUED)
The combined value of the deferred inflow of resources as of June 30, 2025 was $6,564,947, and City recognized lease revenue and interest revenue of $369,763 and $224,388, respectively, for both leases, during the fiscal year. The lessees have one extension option for 120 months. The lessees have a termination period of one month as of the lease commencements.

NOTE 6 CAPITAL ASSETS
Capital asset activity for the year ended June 30, 2025, was as follows:

Governmental Activities
Balance at Balance at
July 1, 2024 Additions Deletions Transfers June 30, 2025 Capital Assets, Not Being Depreciated:

Land 15,306,911 $ 450,196 $ - $ - $ 15,757,107$ Construction in Progress 12,568,706 10,064,891 (137,219) (6,116,288) 16,380,090 Total Capital Assets, Not
Being Depreciated 27,875,617 10,515,087 (137,219) (6,116,288) 32,137,197 Capital Assets, Being Depreciated and
Amortized:

Structures and Improvements 35,248,529 - - 3,549,709 38,798,238 Furniture and Equipment 20,022,341 828,963 (247,782) 446,731 21,050,253 Infrastructure 130,518,706 - - 2,119,848 132,638,554 Intangible Right to Use Lease Assets -
Building & Equipment 38,031 242,174 - - 280,205 Subscription Assets 142,947 329,442 (44,111) - 428,278 Total Capital Assets,
Being Depreciated and Amortized 185,970,554 1,400,579 (291,893) 6,116,288 193,195,528 Less Accumulated Depreciation for:

Structures and Improvements (14,471,483) (1,148,110) - - (15,619,593) Furniture and Equipment (14,738,413) (1,192,856) 247,782 - (15,683,487) Infrastructure (93,913,797) (2,164,662) - - (96,078,459) Less Accumulated Amortization for:

Intangible Right to Use Lease Assets -
Building & Equipment (15,846) (40,907) - - (56,753) Subscription Asset (83,488) (90,730) 44,111 - (130,107) Total Accumulated Depreciation
and Amortization (123,223,027) (4,637,265) 291,893 - (127,568,399) Total Capital Assets, Being
Depreciated and Amortized, Net 62,747,527 (3,236,686) - 6,116,288 65,627,129 Total Governmental Activities
Capital and Lease Assets, Net 90,623,144$ 7,278,401 $ (137,219) $ - $ 97,764,326$

Depreciation and amortization expense was charged in the following functions in the statement of activities for the year ended June 30, 2025, as follows:

General Government 311,862 $
Public Safety 675,844
Community Services 270,338
Public Works 3,379,221
Total 4,637,265 $

CITY OF COLTON, CALIFORNIA

NOTES TO FINANCIAL STATEMENTS
JUNE 30, 2025

(58)

NOTE 6 CAPITAL AND LEASE ASSETS (CONTINUED)
Business-Type Activities
Capital asset activity for the year ended June 30, 2025, was as follows:

Balance at Balance at
July 1, 2024 Additions Deletions Transfers June 30, 2025 Capital Assets, Not Being Depreciated:

Land 6,269,991 $ - $ - $ - $ 6,269,991$ Construction in Progress 4,550,372 788,185 (265,279) - 5,073,278 Total Capital Assets, Not
Being Depreciated 10,820,363 788,185 (265,279) - 11,343,269 Capital Assets, Being Depreciated and
Amortized:

Intangible Assets 400,000 - - - 400,000 Structures and Improvements 45,294,585 807,832 - - 46,102,417 Furniture and Equipment 51,489,265 2,790,885 (428,506) - 53,851,644 Capacity Rights 7,300,000 - - - 7,300,000 Infrastructure 134,708,444 2,844,295 (88,947) - 137,463,792 Intangible Right to Use Lease Assets -
Equipment 370,631 187,386 - - 558,017 Subscription Asset 161,234 - - - 161,234 Total Capital Assets,
Being Depreciated and Amortized 239,724,159 6,630,398 (517,453) - 245,837,104 Less Accumulated Depreciation for:

Intangible Assets (80,000) (8,000) - - (88,000) Structures and Improvements (32,353,649) (976,338) - - (33,329,987) Furniture and Equipment (33,436,380) (1,672,742) 299,958 - (34,809,164) Capacity Rights (4,379,993) (132,727) - - (4,512,720) Infrastructure (67,356,651) (3,146,333) 58,040 - (70,444,944)
Less Accumulated Amortization for:

Intangible Right to Use Lease Assets -
Equipment (26,188) (92,002) - - (118,190) Subscription Asset (107,490) (53,746) - - (161,236) Total Accumulated Depreciation
and Amortization (137,740,351) (6,081,888) 357,998 - (143,464,241) Total Capital Assets, Being
Depreciated and Amortized, Net 101,983,808 548,510 (159,455) - 102,372,863 Total Business-Type Activities
Capital and Lease Assets, Net 112,804,171$ 1,336,695 $ (424,734) $ - $ 113,716,132$

Depreciation and amortization expense was charged in the following functions in the statement of activities for the year ended June 30, 2025, as follows:

Electric Utility 3,110,721 $
Water Utility 1,484,946
Waste Water Utility 1,486,221
Total 6,081,888 $

CITY OF COLTON, CALIFORNIA

NOTES TO FINANCIAL STATEMENTS
JUNE 30, 2025
(59)

NOT
E 7 INTERFUND RECEIVABLE, PAYABLE, AND TRANSFERS
Interfund receivable and payable balances at June 30, 2025, are as follows:

Due To/From Other Funds
Receivable Payable Amount
General Fund Other Governmental Funds 30,616$
Other Governmental Funds Other Governmental Funds 8,236 Total 38,852$
The interfund balances were made
to cover negative cash balances and other temporary
loans at June 30, 2025.

Transfers
Transfers In Transfers Out Amount
General Fund Other Governmental Funds 42,086$
Electric Utility Enterprise Fund 15,900,000
Capital Improvement Capital
Projects Fund Other Governmental Funds 1,398,031
Other Governmental Funds General Fund 2,562,820
Other Governmental Funds 86,819
Electric Utility Enterprise Fund 342,506
Water Utility Enterprise Fund 126,425
Waste Water Utility Enterprise
Fund 112,437
Internal Service Funds 72,738
Total 20,643,862$
Transfers to
the General Fund from the Electric Utility Enterprise Fund for $15,900,000 were for general services in accordance with Measure D.

Other Governmental Funds transfers to the General Fund for $42,086 were for operating costs incurred during the year for homeless services and Mount Vernon Bridge projects.

The City uses the Capital Improvement Projects Fund to account for all of its capital projects. The funding sources for those projects were reported as transfers from various funds to the Capital Improvement Projects Fund. Transfers to the Capital Improvement Capital Projects Fund from Other Government al Funds were for the following capital projects: $23,675 for the Bridge No. 54C-0100 Mt Vernon at SAR, $23,184 for the La Cadena Drive bridge replacement, $1,286,532 for the Mt Vernon Bridge widening, and $64,640 for the Reche Canyon realign to Hunts Lane.

Transfers to Other Governmental Funds from the Other Governmental Funds for $86,819 consisted of $67,276 for the Taxable Pension Funding Bonds, Series 2007 debt service payments and administrative costs and $19,543 for the Homeless Solutions programs.

CITY OF COLTON, CALIFORNIA

NOTES TO FINANCIAL STATEMENTS
JUNE 30, 2025

(60)

NOTE 7 INTERFUND RECEIVABLE, PAYABLE, AND TRANSFERS (CONTINUED) Transfers (Continued)
Transfers to Other Governmental Funds from the General Fund were for the following:
$897,045 for Lease Revenue Bonds, 2007 Series B current year debt service payments and $1,665,775 Taxable Pension Funding Bonds, Series 2007 debt service payments.

Transfers to Other Governmental Funds from Electric Utility Enterprise Fund ($342,506), Water Utility Enterprise Fund ($126,425), Waste Water Utility Enterprise Fund ($112,437), and Internal Service Funds ($72,738) were for Taxable Pension Funding Bonds, Series 2007 debt service payments.

NOTE 8 LONG-TERM LIABILITIES
Governmental Activities
Changes in long-term liabilities for the governmental activities for the year ended June 30, 2025, are as follows:

Balance Due Due in
July 1, 2024, Balance Within More Than
as Restated Additions Deletions June 30, 2025 One Year One Year City:

Other Debt:

Taxable Pension Funding
Bonds, Series 2007 18,408,490 $ 453,649 $ (1,660,000) $ 17,202,139 $ 1,835,000 $ 15,367,139 $ Other-Long Term Liabilities:

Compensated Absences 3,054,523 3,465,616 (2,867,026) 3,653,113 2,355,136 1,297,977 Claims and Judgments
(Note 12) 6,230,073 2,505,637 (1,860,921) 6,874,789 2,268,680 4,606,109 County Memorandum
of Understanding (1) 3,858,802 - - 3,858,802 - 3,858,802 Subscription Liability 51,829 248,992 (62,615) 238,206 98,158 140,048 Lease Liability 22,417 242,174 (28,200) 236,391 190,626 45,765 Public Financing Authority:

Other Debt:

Lease Revenue Bonds,
2007 Series B 6,580,000 - (605,000) 5,975,000 635,000 5,340,000 Net Unamortized Premiums
and Discounts (55,409) - 1,735 (53,674) - (53,674) Total Long-Term Liabilities
Governmental Activities 38,150,725 $ 6,916,068 $ (7,082,027) $ 37,984,766 $ 7,382,600 $ 30,602,166 $ (1) During the fiscal year ended June 30, 2025, the City i dentified that the previously reported long-term liab ility amount for the County Memorandum of Understanding of $1,829,298 for governmental activities did not incl ude the entire long-term obligation. Governmental activitie s should have included an additional $2,029,504 and business-type activities, along with the water enter prise fund, should have reported $278,833. This resulted in a total restatement to the beginning liability of $2,308,337 to correct the error in reporting this long-term obligat ion. The total obligation as of July 1, 2024 should have been $ 3,858,802 for governmental activities and $278,833 for busine ss type activities and the water enterprise fund, resulting in a total long-term obligation of $4,137,635.

Taxable Pension Funding Bonds, Series 2007
Taxable Pension Funding Bonds, Series 2007 in the amount of $31,149,400 were issued in August 2007. The bonds are payable from legally available funds of the City and were issued to pay the normal contributions to CalPERS for fiscal year 2007-08 and to pay the unamortized, unfunded accrued actuarial liability with respect to certain pension benefits of certain City employees under the Retirement Law.

CITY OF COLTON, CALIFORNIA

NOTES TO FINANCIAL STATEMENTS
JUNE 30, 2025

(61)

NOTE 8 LONG-TERM LIABILITIES (CONTINUED)
Taxable Pension Funding Bonds, Series 2007 (Continued)
The bonds include $28,485,000 term current interest bonds with interest payable semiannually on February 1 and August 1 of each year commencing February 1, 2008, and $2,664,400 capital appreciation bonds payable at maturity. At June 30, 2025, the balance includes $9,390,000 principal and $7,812,139 accreted interest. The bonds have no reserve requirement.

The annual requirements to amortize the outstanding bond indebtedness as of June 30, 2025, including interest, are as follows:

Year Ending June 30, Principal Interest Total
2026 1,835,000 $ 501,572 $ 2,336,572 $
2027 1,065,000 415,732 1,480,732
2028 10,000 383,912 393,912
2029 90,000 380,952 470,952
2030 95,000 375,476 470,476
2031-2035 870,000 1,773,336 2,643,336 2036-2038 5,425,000 501,276 5,926,276 Total 9,390,000 4,332,256 $ 13,722,256 $
Plus: Accreted Interest 7,812,139
Total Taxable Pension
Funding Bonds, Series 2007 17,202,139$

The liability is generally paid from the Taxable Pension Funding Bonds Debt Service Fund.

Compensated Absences
The City’s policies relating to compensated absences are described in Note 1.K. This liability, amounting to $3,653,113 at June 30, 2025.

Claims and Judgments
The City’s liability for claims and judgments is described in Note 13. The liability of $6,874,789 will be paid in future years from the Insurance Internal Service Fund.

County Memorandum of Understanding
In November 1995, the County of San Bernardino (County) loaned $1,500,000 to the City under a memorandum of understanding between the County and the City and approved by the City on May 2, 1995. The loan is to be repaid without interest from development impact fees imposed and collected by the City on new development. In December 1996 and May 1997, the County loaned an additional $329,298 and $2,308,337 under a memorandum of understanding for administrative and engineering costs incurred by the County on the City’s behalf. The $2,308,337 is split with $278,833 attributed to the water enterprise fund and $2,029,504 attributed to governmental activities. At June 30, 2025, the total amount due is $4,137,635 of which $3,582,802 is recorded under governmental activities and $278,833 is recorded under the water utility enterprise fund. There is no repayment schedule, as fixed maturities and debt service payments have not been established for this loan.

CITY OF COLTON, CALIFORNIA

NOTES TO FINANCIAL STATEMENTS
JUNE 30, 2025

(62)

NOTE 8 LONG-TERM LIABILITIES (CONTINUED)
Colton Public Financing Authority Lease Revenue Bonds, 2007 Series B The Lease Revenue Bonds, 2007 Series B in the original issue amount of $13,385,000 were issued for the purpose of financing certain capital improvements for the City and refinancing the Refunding Certificates of Participation, Series 1998 and the Lease Revenue Bonds 2002, Series A. The bonds are limited obligations of the Authority payable from and secured by certain revenues consisting of certain base rental payments with respect to lease property by the City pursuant to a lease agreement dated August 1, 2007, between the City and the Authority. The bonds maturing on or after August 1, 2018, are subject to redemption prior to their respective maturity dates as a whole or in part from prepayments of base rental payment made by the City after August 1, 2017. Interest on the bonds is payable on August 1 and February 1 of each year commencing February 1, 2008, at a rate ranging from

4.0% to 5.0%. A reserve fund for the 2007 Series B Lease Revenue Bonds was established to be equal to the maximum annual debt service for the current period to the final payment, with a minimum requirement of $899,895. At June 30, 2025, this reserve requirement was met.

The annual requirements to amortize the outstanding bond indebtedness as of June 30, 2025, including interest, are as follows:

Year Ending June 30, Principal Interest Total
2026 635,000 $ 264,145 $ 899,145 $
2027 665,000 234,895 899,895
2028 695,000 203,948 898,948
2029 725,000 171,288 896,288
2030 760,000 136,563 896,563
2031-2033 2,495,000 181,331 2,676,331 Total 5,975,000 $ 1,192,170 $ 7,167,170 $

Subscription Liability
The City has entered into subscription based-information technology arrangements (SBITAs) for various software. The SBITA arrangements expire at various dates through 2029, provide for renewal options, and include interest rates ranging from 3.059% to

3.445%.

The future subscription payments under SBITA agreements are as follows:

Year Ending June 30, Principal Interest Total
2026 98,158 $ 6,812 $ 104,970 $
2027 57,371 4,353 61,724
2028 40,716 2,529 43,245
2029 41,961 1,284 43,245
Total 238,206 $ 14,978 $ 253,184 $

See Note 6 for capital asset and accumulated amortization amounts of $428,278 and $(130,107), respectively.

CITY OF COLTON, CALIFORNIA

NOTES TO FINANCIAL STATEMENTS
JUNE 30, 2025

(63)

NOTE 8 LONG-TERM LIABILITIES (CONTINUED)
Lease Liability
The City leases office space and vehi cles under long-term, noncancelable lease agreements that expires at various dates through 2027, provide for renewal options, and include interest rates ranging from 2.798% to 3.158%. Principal and interest requirements to maturity under lease agreements are as follows:

Year Ending June 30, Principal Interest Total
2026 190,626 $ 4,505 $ 195,131 $
2027 45,765 589 46,354
Total 236,391 $ 5,094 $ 241,485 $

See Note 6 for capital asset and accumulated amortization amounts of $280,205 and $(56,753), respectively.

Business-Type Activities
Changes in long term liabilities for the business type activities for the year ended June 30, 2025, are as follows:

Due Due in
Balance Balance Within More Than
July 1, 2024 Additions Deletions June 30, 2025 One Year One Year Revenue Bonds:

Colton Utility Authority
Water Revenue:

Bonds, Series 2017 15,320,000 $ - $ (420,000)$ 14,900,000 $ 435,000 $ 14,465,000 $ Unamortized Bond Premium 549,282 - (24,144) 525,138 - 525,138 Colton Utility Authority
Installment Sale Agreement 5,469,039 - (616,962) 4,852,077 634,921 4,217,156 Colton Public Financing
Authority Revenue
Refunding Bonds,
Series 2007A 4,805,000 - (280,000) 4,525,000 290,000 4,235,000 Colton Public Financing
Authority Electric Revenue
Refunding Bonds,
Series 2012A 9,815,000 - (2,280,000) 7,535,000 2,390,000 5,145,000 Unamortized Bond Premium 958,246 - (273,679) 684,567 - 684,567 Total 36,916,567 $ - $ (3,894,785)$ 33,021,782 $ 3,749,921 $ 29,271,861 $

Notes Payable:

Direct Borrowings and Placements:

Note Payable 367,857 $ - $ (367,857)$ - $ - $ - $ County Memorandum of
Understanding (1) 278,833 - - 278,833 36,302 242,531 Other Long-Term Liabilities:

Compensated Absences 807,702 950,806 (683,998) 1,074,510 819,975 254,535 Subscription Liability 53,735 - (53,735) - - - Lease Liability 351,126 187,386 (85,069) 453,443 101,568 351,875 Total Long-Term Liabilities
Business-Type Activities 38,775,820$ 1,138,192 $ (5,085,444) $ 34,828,568 $ 4,707,766 $ 30,120,802 $ (1) During the fiscal year ended June 30, 2025, the City i dentified that the previously reported long-term liab ility amount for the County Memorandum of Understanding of $1,829,298 for governmental activities did not include the entir e long-term obligation. Governmental activities should have included an additional $2,029,504 and business-type activities, along with the water enterprise fund, should have reported $278,833. This resulted in a total restate ment to the beginning liability of $2,308,337 to correct the error in reporting this long-term obli gation. The total obligation as of July 1, 2024 should have bee n $3,858,802 for governmental activities and $278,833 for business type activities and the water enterprise f und, resulting in a total long-term obligation of $4,137,63 5.

CITY OF COLTON, CALIFORNIA

NOTES TO FINANCIAL STATEMENTS
JUNE 30, 2025

(64)

NOTE 8 LONG-TERM LIABILITIES (CONTINUED)
Colton Utility Authority Water Revenue Bonds, Series 2017 The Colton Utility Authority Water Revenue Bonds, Series 2017 serial and term bonds in the original issue amount of $18,155,000 were issued to (i) refund the remaining outstanding Colton Financing Authority 1998 Water Revenue Bonds, (ii) acquire certain capital improvements for the Water Utility Enterprise Fund, and (iii) to pay certain costs of issuance.

The bonds are secured solely by and payable from net water revenues and certain funds and accounts held under the indenture. The bonds mature through March 2037 and bear interest, payable on March 1 and September 1, at rates from 2.0% to 3.3%. The bonds are subject to optional redemption beginning March 1, 2028, at the option of the Utility Authority.

Bonds maturing on March 1, 2042 and March 1, 2047, are subject to mandatory redemption.

The term bonds are subject to mandatory sinking account redemption beginning with bonds maturing on March 1, 2038. The 1998 Water Revenue Bonds were redeemed on March 1, 2018. A reserve fund for the 2017 Water Revenue Bonds was established to be equal to the maximum annual debt service for the current period to the final payment, with a minimum requirement of $1,006,269. At June 30, 2025, the reserve requirement is satisfied by a bond insurance with Assurance Guaranty Municipal Corporation. Additionally, the bonds require the City to collect fees by the Water Enterprise of at least 125% of the annual debt service of the bonds. At June 30, 2025, total amounts collected exceeded the minimum requirement.

The annual requirements to amortize the indebtedness as of June 30, 2025, including interest, are as follows:

Year Ending June 30, Principal Interest Total
2026 435,000 $ 571,269 $ 1,006,269 $
2027 455,000 549,519 1,004,519
2028 475,000 526,769 1,001,769
2029 500,000 503,019 1,003,019
2030 525,000 478,019 1,003,019
2031-2035 2,975,000 2,040,238 5,015,238 2036-2040 3,495,000 1,518,569 5,013,569 2041-2045 4,145,000 873,588 5,018,588 2046-2047 1,895,000 114,400 2,009,400 Total 14,900,000 $ 7,175,390 $ 22,075,390 $

Colton Utility Authority Installment Sale Agreement
In March 2017, the Colton Utility Authority entered into an installment sale agreement that provided funds for (i) the redemption of the Authority’s Revenue Bonds, 2000 Series, (ii) certain capital improvements to the Wastewater Utility Enterprise Fund and (iii) the payment of costs of issuance. The agreement matures through March 2032 and bears interest, payable on March 1 and September 1, at a rate of 2.89%. The agreement is secured solely by and payable from net wastewater revenues and certain funds and accounts held under the agreement.

CITY OF COLTON, CALIFORNIA

NOTES TO FINANCIAL STATEMENTS
JUNE 30, 2025
(65)

NOT
E 8 LONG-TERM LIABILITIES (CONTINUED)
Colton Utility Authority Installment Sale Agreement (Continued) The annual requirements to amortize the indebtedness as of June 30, 2025, including interest are as follows:

Year Ending June 30, Principal Interest Total
2026 634,921$ 135,635$ 770,556$
2027 653,404 117,152 770,556
2028 672,425 98,131 770,556
2029 692,000 78,557 770,557
2030 712,144 58,412 770,556
2031-2032 1,487,184 54,029 1,541,213 Total 4,852,078$ 541,916$ 5,393,994$
Colton Pub
lic Financing Authority Revenue Refunding Bonds, 2007 Series A The Colton Public Financing Authority Revenue Refunding Bonds, 2007 Series A in the original issue amount of $15,620,000 were issued to provide funds for (i) the acquisition, construction and installation of certain improvements to the City’s Electric System (the 2007 Project), (ii) the prepayment of a portion of the Certificates of Participation, Financing Authority for Resource Efficiency of California, Series 1997, (iii) to purchase a Reserve Account Policy for the Reserve Account, and (iv) the payment of the cost of issuance related to the 2007 Bonds. The 2007 Bonds are secured by a pledge, charge and lien upon facility revenues and a pledge of all the monies in the Purchase Payments Account and the Reserve Account. Purchase Payments consist of the purchase payments made by the City in connection with its purchase of the 2007 Project. Interest on the bonds is payable semiannually on April 1 and October 1 of each year commencing October 1, 2007. A reserve fund for the 2007 Series A Revenue Refunding Bonds was established with a requirement of 125% of average annual debt service for the current period to final payment, with a minimum requirement of $505,263. At June 30, 2025, the reserve requirement is satisfied by a bond insurance with Ambac. Additionally, the bonds require the City to collect fees of the Electric System so that net revenues equal at least 125% of the annual debt service of the bonds. At June 30, 2025, total amounts collected exceeded the minimum requirement.

Pledged Revenues
The City has pledged future electric utility revenues to repay revenue bonds. At June 30, 2025, $6,033,110 (including interest) remains outstanding to be repaid by future electric revenues if such revenues prove insufficient. For the fiscal year ended June 30, 2025, the net revenue available for service of all debt was $31,080,111. The debt principal and interest paid in fiscal year 2024- 2025 equals $505,183 (1.63% of available pledged net revenues).

CITY OF COLTON, CALIFORNIA

NOTES TO FINANCIAL STATEMENTS
JUNE 30, 2025

(66)

NOTE 8 LONG-TERM LIABILITIES (CONTINUED)
Colton Public Financing Authority Revenue Refunding Bonds, 2007 Series A (Continued)
Pledged Revenues (Continued)
The annual requirements to amortize the outstanding bond indebtedness as of June 30, 2025, including interest are as follows:

Year Ending June 30, Principal Interest Total
2026 290,000 $ 212,583 $ 502,583 $
2027 305,000 199,533 504,533
2028 315,000 185,808 500,808
2029 330,000 171,003 501,003
2030 345,000 155,493 500,493
2031-2035 2,000,000 516,240 2,516,240 2036-2037 940,000 67,450 1,007,450 Total 4,525,000 $ 1,508,110 $ 6,033,110 $

Colton Public Financing Authority Electric Revenue Refunding Bonds, Series 2012A The Colton Public Financing Authority Electric Revenue Refunding Bonds, Series 2012A in the original issue amount of $30,765,000 were is sued to provide funds for (i) the redemption of the Authority’s Revenue Bonds, 2002 Series, (ii) a deposit into the Reserve Account, and (iii) the payment of costs of issuance related to the 2012 Bonds. The bonds are secured primarily by a pledge, charge and lien upon facilities revenues and a pledge of all the moneys in the Purchase Payment Account and Reserve Account. The bonds mature beginning April 1, 2013 through April 1, 2028 and bear interest, payable April 1 and October 1, at rates from 2.00% to 5.00%. A reserve fund for the 2012 Series A Revenue Refunding Bonds was established to be equal to the maximum annual debt service for the current period to the final payment, with a minimum requirement of $2,770,500. On June 30, 2025, this reserve requirement was met. Additionally, the bonds require the City to collect fees of the Electric System so that net revenues equal at least 125% of the annual debt service of the bonds. At June 30, 2025, total amounts collected exceeded the minimum requirement.

Pledged Revenues
The City has pledged future electric utility revenues to repay revenue bonds. At June 30, 2025, $8,300,750 (includes interest) remains outstanding to be repaid by future electric revenues, if such revenues prove insufficient. For the fiscal year ended June 30, 2025, the net revenue available for service of all debt was $31,080,111. The debt principal and interest paid in fiscal year 2024- 2025 equals $2,770,750 (8.91% of available pledged net revenues).

CITY OF COLTON, CALIFORNIA

NOTES TO FINANCIAL STATEMENTS
JUNE 30, 2025

(67)

NOTE 8 LONG-TERM LIABILITIES (CONTINUED)
Colton Public Financing Authority Electric Revenue Refunding Bonds, Series 2012A (Continued)
Pledged Revenues (Continued)
The annual requirements to amortize the outstanding bond indebtedness as of June 30, 2025, including interest, are as follows:

Year Ending June 30, Principal Interest Total
2026 2,390,000 $ 376,750 $ 2,766,750 $ 2027 2,510,000 257,250 2,767,250 2028 2,635,000 131,750 2,766,750 Total 7,535,000 $ 765,750 $ 8,300,750 $

Note Payable
The City entered into a note payable agreement to acquire water meters. The final payment was due in fiscal year 2024-2025 and the note has been fully repaid.

County Memorandum of Understanding
See Note 8, governmental activities, for information regarding this obligation.

Compensated Absences
The City’s policies relating to compensated absences are described in Note 1.K. This liability, amounting to $1,074,510 at June 30, 2025.

Subscription Liability
The City has entered into subscription-based-information technology arrangements (SBITAs) for various software. The SBITA arrangements were still in effect as of June 30, 2025 and were not renewed as of year-end resulting in a $-0- obligation.

See Note 6 for capital asset and accumulated amortization amounts of $161,234 and $(161,234), respectively.

Lease Liability
The City leases office equipment and vehicles for various lease terms under long-term, noncancelable lease agreements. The leases expire at various dates through 2032 with interest rates ranging from 2.766% to 3.667%.

CITY OF COLTON, CALIFORNIA

NOTES TO FINANCIAL STATEMENTS
JUNE 30, 2025

(68)

NOTE 8 LONG-TERM LIABILITIES (CONTINUED)
Lease Liability (Continued)
Principal and interest requirements to maturity under lease agreements are as follows:

Year Ending June 30, Principal Interest Total
2026 101,568 $ 18,308 $ 119,876 $
2027 104,478 16,048 120,526
2028 107,472 13,728 121,200
2029 101,431 11,356 112,787
2029 23,551 10,171 33,722
2030-2032 14,943 4,477 19,420 Total 453,443 $ 74,088 $ 527,531 $

See Note 6 for capital asset and accumulated amortization amounts of $558,017 and $(118,190), respectively.

NOTE 9 PENSION PLANS
The following is a summary of pension related items for the year ended June 30, 2025:

Deferred Deferred Pension
Pension Outflows Inflows Expense
Liability of Resources of Resources (Credit)
Miscellaneous 50,484,053 $ 9,583,596 $ - $ 6,893,106$ Safety 76,611,346 21,209,465 (467,927) 14,381,258 Total 127,095,399 $ 30,793,061 $ (467,927) $ 21,274,364 $

A. General Information about the Pension Plans
Plan Descriptions
All qualified permanent and probationary employees are eligible to participate in the City’s Safety (police and fire) Plan, which is a cost-sharing multiemployer defined benefit plan, and the Miscellaneous (all other) Plan, which is an agent multiemployer defined benefit pension plan administered by CalPERS (collectively, the Plans), which acts as a common investment and administrative agent for its participating member employers.

Benefit provisions under the Plans are established by state of California statute and City resolution. CalPERS issues publicly available reports that include a full description of the pension plans regarding benefit provisions, assumptions and membership information that can be found on the CalPERS website.

CITY OF COLTON, CALIFORNIA

NOTES TO FINANCIAL STATEMENTS
JUNE 30, 2025

(69)

NOTE 9 PENSION PLANS (CONTINUED)
A. General Information about the Pension Plans (Continued) Benefits Provided
CalPERS provides service retirement and disability benefits, annual cost of living adjustments and death benefits to Plan members, who must be public employees and beneficiaries. Benefits are based on years of credited service, equal to one year of full- time employment. Members with five years of total service are eligible to retire at age 50 to 62 with statutorily reduced benefits. For employees hired into a plan with the 1.5% at 65 formula, eligibility for service retirement is age 55 with at least five years of services.

Public Employees’ Pension Reform Act miscellaneous members become eligible for service retirement upon attainment of age 52 with at least five years of service. All members are eligible for nonduty disability benefits after five years of service. The death benefit is one of the following: the Basic Death Benefit, the 1957 Survivor Benefit or the Optional Settlement 2W Death Benefit. Safety members can receive a special death benefit if the member dies while actively employed and the death is job-related. Fire members may receive the alternate death benefit in lieu of the Basic Death Benefit or the 1957 Survivor Benefit if the member dies while actively employed and has at least 20 years of total CalPERS service. The cost of living adjustments for each plan are applied as specified by the Public Employees’ Retirement Law.

The Plans’ provisions and benefits in effect at year ended June 30, 2025, are summarized as follows:

Prior to On or After On or After
Hire Date June 1, 2012 June 1, 2012 January 1, 2013
Benefit Formula 2.7%@55 2.5%@55 2%@62
Benefit Vesting Schedule 5 Years of Service 5 Years of Service 5 Years of Service Benefit Payments Monthly for Life Monthly for Life Monthly for Life Retirement Age 50 - 67 50 - 67 52 - 67
Monthly Benefits, as a % of Eligible Compensa 1.426% to 2.418% 1.426% to 2.418% 1.0% to 2.5% Required Employee Contribution Rates 7.79% 7.79% 7.50%
Required Employer Contribution Rates:

Normal Cost Rate 11.890% 11.890% 14.810%
Payment of Unfunded Liability - $ 4,217,066$ - $ Miscellaneous

Safety - Police
Tier I Tier II Tier III - PEPRA
Prior to On or After On or After
Hire Date October 15, 2011 October 15, 2011 January 1, 2013 Benefit Formula 3%@50 3%@55 2.7%@57
Benefit Vesting Schedule 5 Years of Service 5 Years of Service 5 Years of Service Benefit Payments Monthly for Life Monthly for Life Monthly for Life Retirement Age 50 50 - 55 50 - 57
Monthly Benefits, as a % of Eligible
Compensation 3.0% 2.4% to 3.0% 2% to 2.7%
Required Employee Contribution Rates 9.000% 9.000% 14.500% Required Employer Contribution Rates:

Normal Cost Rate 29.300% 26.290% 14.720%
Payment of Unfunded Liability 3,211,151 $ 3,343 $ 27,338 $

CITY OF COLTON, CALIFORNIA

NOTES TO FINANCIAL STATEMENTS
JUNE 30, 2025

(70)

NOTE 9 PENSION PLANS (CONTINUED)
A. General Information about the Pension Plans (Continued) Benefits Provided (Continued)
Safety - Fire
Tier I Tier II Tier III - PEPRA
Prior to On or After On or After
Hire Date October 15, 2011 October 15, 2011 January 1, 2013 Benefit Formula 3%@50 3%@55 2.7%@57
Benefit Vesting Schedule 5 Years of Service 5 Years of Service 5 Years of Service Benefit Payments Monthly for Life Monthly for Life Monthly for Life Retirement Age 50 50 - 55 50 - 57
Monthly Benefits, as a % of Eligible
Compensation 3.0% 2.0% to 2.7% 2% to 2.7%
Required Employee Contribution Rates 9.000% 9.000% 14.500% Required Employer Contribution Rates:

Normal Cost Rate 29.300% 26.290% 14.720%
Payment of Unfunded Liability 2,818,472 $ 9,521 $ 17,892 $

Employees Covered
At the measurement date ended June 30, 2024, the following employees were covered by the benefit terms for the Miscellaneous Plan:

Miscellaneous
Inactive Employees or Beneficiaries Currently
Receiving Benefits 396
Inactive Employees Entitled to but Not Yet
Receiving Benefits 305
Active Employees 201
Total 902

Contributions
Section 20814(c) of the California Public Employees’ Retirement Law requires that the employer contribution rates for all public employers are determined on an annual basis by the actuary and shall be effective on the July 1 following notice of a change in the rate. The total Plan contributions are determined through CalPERS’s annual actuarial valuation process. The actuarially determined rate is the estimated amount necessary to finance the costs of benefits earned by employees during the year, with an additional amount to finance any unfunded accrued liability. The City is required to contribute the difference between the actuarially determined rate and the contribution rate of employees. City contribution rates may change if Plan contracts are amended.

Payments made by the employer to satisfy contribution requirements that are identified by the pension plan terms as Plan member contributions requirements are classified as Plan member contributions.

Contributions for the fiscal year ended June 30, 2025, included $6,527,395 for the City’s Miscellaneous Plan and $8,639,953 for the City’s Safety Plan resulting in a total amount paid of $15,167,348. The pension liability for governmental activities is primarily liquidated from the general fund.

CITY OF COLTON, CALIFORNIA

NOTES TO FINANCIAL STATEMENTS
JUNE 30, 2025
(71)

NOT
E 9 PENSION PLANS (CONTINUED)
B. Net Pension Liability
The City’s n
et pension liability for each plan is measured as the total pension liabilit y, less t
he pension plan’s fiduciary net position. The net pension liability of each of the plans is measured as of June 30, 2024, using an annual actuarial valuation as of June 30, 2023, rolled forward to June 30, 2024, using stan dard update procedures. A summary of principal a
ssumptions and methods used to determine the net pension liability is shown below.

Actuarial Assumptions
The total pension liabilities in the June 30, 2023, actuarial valuations we re determined using the following actua
rial assumptions:

Miscellaneous Safety
Valuation Date: June 30, 2023 June 30, 2023
Measurement Date: June 30, 2024 June 30, 2024
Actuarial Cost Method: Entry-Age Normal Entry-Age Normal Cost Method Cost Method
Actuarial Assumptions:

Discount Rate 6.90% 6.90%
Inflation 2.30% 2.30%
Projected Salary Increase (1) (1)
Mortality Rate Table (2) (2)
Postretirement Benefit Increase (3) (3)
(1) Varies by entry age and service.
(2) The mortality table used was developed based on CalPERS-specific data. The probabilities of mortality are based on the 2021 CalPERS Experience Study for the period from 2001 to 2019. Pre-retirement and Post-retirement mortality rates includes include generational mortality improvement us ing 80% of Scale MP-2020 published by the by the Society of Actuaries. For more details on this table, please refer to the CalPERS Experience Study and Review of Actuarial Assumptions report from November 2021 that can be found on the CalPERS website.
(3) The lesser of contract COLA or 2.30% unt il Purchasing Power Protection Allowance Floor on purchasing power applies, 2.30% thereafter.

Long-Term
Expected Rate of Return
The long-term expected rate of return on pension plan investments was determined using a building-block method in which expected future real rates of return (expected returns, net of pension plan investment expense and inflation) are developed for each major asset class.

In determining the long-term expected rate of return, CalPERS took into account both short- term and long-term market return expectations. Using historical returns all of the funds’ asset classes, expected compound (geometric) returns were calculated over the next 20 years using a building-block approach. The expected rate of return was then adjusted to account for assumed administrative expenses of 10 Basis points.

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NOTE 9 PENSION PLANS (CONTINUED)
B. Net Pension Liability (Continued)
Long-Term Expected Rate of Return (Continued)
The expected real rates of return by asset class are as follows:

New
Strategic Real Return
Asset Class (a) Allocation (a) (b)
Global Equity - Cap-Weighted 30.00% 1.45%
Global Equity - Non-Cap-Weighted 12.00 3.84%
Private Equity 13.00 7.28%
Treasury 5.00 0.27%
Mortgage-Backed Securities 5.00 0.50%
Investment Grade Corporates 10.00 1.56%
High Yield 5.00 2.27%
Emerging Market Debt 5.00 2.45%
Private Debt 5.00 3.57%
Real Assets 15.00 3.21%
Leverage -5.00 -0.59%
Total 100.00%
(a) An expected inflation of 2.30% used for this period. (b) Figures are based on the 2021 Asset Liability Management study.

Discount Rate
The discount rate used to measure the total pension liability was 6.9%. The projection of cash flows used to determine the discount rate assumed that contributions from Plan members will be made at the current member contribution rates and that contributions from employers will be made at statutorily re quired rates, actuarially determined. Based on those assumptions, the Plan’s fiduciary net position was projected to be available to make all projected future benefit payments of current Plan members. Therefore, the long-term expected rate of return on Plan investments was applied to all periods of projected benefit payments to determine the total pension liability.

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NOTE 9 PENSION PLANS (CONTINUED)
C. Changes in the Net Pension Liability
The changes in the net pension liability for the Miscellaneous Plan, using the measurement date of June 30, 2024, are as follows:

Increase (Decrease)
Total Plan Net Pension
Pension Fiduciary Liability
Liability Net Position (Asset)
Balance at June 30, 2023
(Measurement Date) 181,378,596 $ 128,186,626 $ 53,191,970 $ Changes in the Year:

Service Cost 2,785,990 - 2,785,990 Interest on the Total Pension
Liability 12,387,724 - 12,387,724 Differences Between Expected
and Actual Experience 1,529,219 - 1,529,219 Contribution - Employer - 5,753,070 (5,753,070) Contribution - Employee - 1,503,666 (1,503,666) Net Investment Income - 12,258,420 (12,258,420) Administrative Expenses - (104,306) 104,306 Benefit Payments, Including
Refunds of Employee
Contributions (9,537,146) (9,537,146) - Net Changes 7,165,787 9,873,704 (2,707,917) Balance at June 30, 2024
(Measurement Date) 188,544,383 $ 138,060,330 $ 50,484,053 $

Proportionate Share of Net Pension Liability
As of measurement date June 30, 2024, the City reported net pension liabilities for its proportionate share of the net pension liability for the Safety Plan as follows:

Proportionate
Share of
Net Pension
Liability
Safety 76,611,346 $

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JUNE 30, 2025

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NOTE 9 PENSION PLANS (CONTINUED)
C. Changes in the Net Pension Liability (Continued)
Proportionate Share of Net Pension Liability (Continued) The City’s net pension liability for the Safety Plan is measured as the proportionate share of the net pension liability. The City’s proportionate share of the net pension liability was based on a projection of the City’s long-term share of contributions to the pension plans relative to the projected cont ributions of all participating employers, actuarially determined.

The City’s proportionate share of the net pension liability for the Safety Plan as of measurement dates ended June 30, 2023 and 2024, were as follows:

Safety
Proportion - June 30, 2023 1.03796%
Proportion - June 30, 2024 1.05079%
Change - Increase (Decrease) 0.01283%

Sensitivity of the Net Pension Liability to Changes in the Discount Rate The following presents the net pension liability of the City for each plan, calculated using the discount rate for each plan, as well as what the City’s net pension liability would be if it were calculated using a discount rate that is one percentage point lower or one percentage point higher than the current rate:

Miscellaneous Safety
1% Decrease 5.90% 5.90%
Net Pension Liability 75,255,525 $ 108,809,992 $
Current Discount Rate 6.90% 6.90%
Net Pension Liability 50,484,053 $ 76,611,346 $
1% Increase 7.90% 7.90%
Net Pension Liability 30,064,486 $ 50,277,381 $

Pension Plan Fiduciary Net Position
Detailed information about each pension plan’s fiduciary net position is available in the separately issued CalPERS financial reports.

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NOTE 9 PENSION PLANS (CONTINUED)
D. Pension Expenses and Deferred Outflows/Inflows of Resources Related to Pensions
For the year ended June 30, 2025, the City recognized pension expense of $6,893,106 and $14,381,258 for the Miscellaneous and Safety Plans, respectively. At June 30, 2025, the City reported deferred outflows of resources and deferred inflows of resources related to pensions from the following sources:

Miscellaneous Safety
Deferred Deferred Deferred Deferred
Outflows Inflows Outflows Inflows
of Resources of Resources of Resources of Resources
Pension Contributions Subsequent
to Measurement Date 6,527,395 $ - $ 8,639,953$ - $ Differences Between Expected
and Actual Experience 1,072,653 - 6,252,167 (203,285) Change in Assumptions - - 1,887,546 - Change in Employer's Proportion
and Differences Between the
Employer's Contributions and the
Employer's Proportionate Share
of Contributions - - 726,755 (264,642) Net Differences Between Projected
and Actual Earnings on Plan
Investments 1,983,548 - 3,703,044 - Total 9,583,596 $ - $ 21,209,465$ (467,927) $

Amounts of $6,527,395 and $8,639,953 reported as deferred outflows of resources related to contributions subsequent to the measurement date for Miscellaneous and Safety Plans, respectively, will be recognized as a reduction of the net pension liability in the year ending June 30, 2026. Other amounts reported as deferred outflows of resources and deferred inflows of resources related to pensions will be recognized as pension expense as follows:

Year Ending June 30, Miscellaneous Safety
2026 680,216 $ 4,559,076 $
2027 3,621,291 8,788,380
2028 (543,824) 21,142
2029 (701,482) (1,267,013)
2030 - -
Thereafter - -

E. Payable to the Pension Plans
At June 30, 2025, the City had no outstanding amount of contributions to the pension plans required for the year ended June 30, 2025.

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NOTE 10 OTHER POSTEMPLOYMENT BENEFITS PLAN
Plan Description
The City provides other postemployment benefits (OPEB) through a single-employer defined benefit healthcare plan. The plan, which is administered by the City, provides certain healthcare benefits. Specifically, the City provides health insurance for its retired employees according to the Personnel Rules and Regulations. The authority to do so is included annually in the Memorandum of Understanding between the City and each of its employee groups and ultimately passed by City Council action. No assets are accumulated in a trust that meets the criteria in paragraph 4 of GASB Statement 75.

Employees Covered
As of the June 30, 2024, measurement date, the following current and former employees were covered by the benefit terms under the plan:

Inactive Employees or Beneficiaries Currently
Receiving Benefits 147
Active Employees 306
Total 453

Total OPEB Liability
The City’s OPEB liability of $43,392,981 was measured as of June 30, 2024, and was determined by an actuarial valuation as of June 30, 2024.

Actuarial Assumptions and Other Inputs
The total OPEB liability as of June 30, 2024, was determined using the following actuarial assumptions and other inputs, applied to all periods included in the measurement, unless otherwise specified:

Valuation Date: June 30, 2024
Measurement Date: June 30, 2024
Actuarial Cost Method: Entry-Age Normal Cost Method
Actuarial Assumptions:

Discount Rate 3.93%
Inflation 2.50%
Projected Salary Increase 3.00% per annum, in aggregate Healthcare Cost Trend Rates 6.0% for Pre-Medicare plans and 12.5% for Medicare plans for 2026, followed by 5.5%
decreasing to 4.8% for years 2040 and later.

Mortality CalPERS 2021 Experience Study
Mortality Improvement MW Scale 2022

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JUNE 30, 2025
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NOT
E 10 OTHER POSTEMPLOYMENT BENEFITS PLAN (CONTINUED)
Discount Rate
There are no assets accumulated in a trust, therefore, the discount rate is the average of three rate indices: S&P General Obligation Municipal Bond 20-Year High Grade Index, the Fidelity Municipal Bond AA 20-Year Maturity Yield and the Bond Buyer General Obligation 20-Bond Municipal Bond index. The use of this index results in a discount rate of 3.93% at measurement date June 30, 2024.

Change in Assumption
Discount rate was changed from 3.88% to 3.93%. Also, the medical trend was updated from

12.6% for Pre-Medicare plans and 10.2% for Medicare plans for 2024 to the following: 6.0% for Pre-Medicare plans and 12.5% for Medicare plans for 2026, followed by 5.5% decreasing to 4.8% for years 2040 and later.

Changes in Total OPEB Liability
The change in total OPEB liability is as follows:

Total
OPEB
Liability
Balance at June 30, 2023
(Measurement Date) 45,800,968 $
Changes in the Year:

Service Cost 1,855,587
Interest on the Total OPEB Liability 1,810,725
Differences Between Expected and Actual
Experience (4,022,478)
Changes in Assumptions (113,084)
Benefit Payments (1,938,737)
Net Changes (2,407,987)
Balance at June 30, 2024
(Measurement Date) 43,392,981 $
Sensitivity of the T
otal OPEB Liability to Changes in the Discount Rate
The following presents the total OPEB liability of the City, calculated using the discount rate for the Plan, as well as what the City’s total OPEB liability would be if it were calculated using a discount rate that is one percentage point lower or one percentage point higher than the current rate:
1% Decrease Discount Rate 1% Increase
(2.93%) (3.93%) (4.93%)
Total OPEB Liability 48,995,854$ 43,392,981$ 38,750,375$

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NOTE 10 OTHER POSTEMPLOYMENT BENEFITS PLAN (CONTINUED)
Sensitivity of the Total OPEB Liability to Changes in the Discount Rate (Continued) The following presents the total OPEB liability of the City, as well as what the City’s total OPEB liability would be if it were calculated using healthcare cost trend rates that are one percentage point lower than the current healthcare cost trend rates:

Current
Healthcare
Cost
1% Decrease Trend Rates 1% Increase
(1) (2) (3)
Total OPEB Liability 38,911,087 $ 43,392,981 $ 49,117,597 $ (1) 5.0% for Pre-Medicare plans and 11.5% for Medicare plans for 2026, followed by 4.5% decreasing to 3.8% for years 2040 and later.
(2) 6.0% for Pre-Medicare plans and 12.5% for Medicare plans for 2026, followed by 5.5% decreasing to 4.8% for years 2040 and later.
(3) 7.0% for Pre-Medicare plans and 13.5% for Medicare plans for 2026, followed by 6.5% decreasing to 5.8% for years 2040 and later.

OPEB Expense and Deferred Outflows/Inflows of Resources Related to OPEB For the year ended June 30, 2025, the City recognized OPEB expense of $4,505,557. At June 30, 2025, the City reported deferred outflows of resources and deferred inflows of resources related to OPEB from the following sources:

Deferred Deferred
Outflows Inflows
of Resources of Resources
Employer Payment of OPEB Benefits
Subsequent to Measurement Date 2,230,423 $ - $
Differences Between Expected and Actual
Experience 1,627,704 (3,531,932)
Change in Assumptions 5,499,393 (5,958,302)
Total 9,357,520 $ (9,490,234)$

An amount of $2,230,423 reported as deferred outflows of resources related to employer payment of OPEB benefits subsequent to the measurement date will be recognized as a reduction of the OPEB liability in the year ending June 30, 2026.

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NOTE 10 OTHER POSTEMPLOYMENT BENEFITS PLAN (CONTINUED)
OPEB Expense and Deferred Outflows/Inflows of Resources Related to OPEB (Continued)
Other amounts reported as deferred outflows of resources and deferred inflows of resources related to OPEB will be recognized as OPEB expense as follows:

Year Ending June 30, Amount
2026 839,245 $
2027 485,818
2028 (398,433)
2029 (998,614)
2030 (1,296,226)
Thereafter (994,927)

NOTE 11 JOINTLY GOVERNED ORGANIZATIONS
Retail Energy Supply
The City receives electricity through firm contracts, local generation and market purchases.

The majority of electricity is delivered through firm contracts, which include “take or pay” and term purchases. Local generation and market purchases supplement firm contracts to meet the City’s retail load requirements.

Take or Pay Contracts
The City has entered into “take or pay” contracts to provide for future electric generating capacity for Colton electric utility customers. These contracts are not considered joint ventures since the City has no interest in the assets, liabilities or equity associated with any of the projects to which these take or pay contracts refer. The City is, however, obligated to pay its share of the amortized cost of indebtedness and operating and maintenance costs, regardless of the ability of the contracting agency to provide electricity or the City’s need for the electricity. However, in the opinion of management, the City does not have a financial responsibility for purposes of GASB Statement No. 14, Financial Reporting Entity , because the Southern California Public Power Authority (SCPPA) does not depend on revenue from the City to continue in existence. Obligation for this indebtedness is through participation in one joint powers agency, SCPPA.

These contracts constitute an obligation of the Electric Utility Fund to make debt service payments from its operating revenues. The Electric Utility Fund’s share of debt service is not recorded as an obligation on the accompanying bas ic financial statements; however, it is included as a component of its power supply expenses.

During the fiscal year ended June 30, 2025, the Electric Fund made payments totaling $19,043,393 for “take or pay” contracts. This amount includes over/under billings from previous fiscal year and contract provisions.

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NOTE 11 JOINTLY GOVERNED ORGANIZATIONS (CONTINUED)
Southern California Public Power Authority
SCPPA membership consists of 11 municipal electric utilities and one public district of the state of California, which serves the electric power needs of their Southern California electricity customers. SCPPA, a public entity organized under the laws of the state of California, was formed by a joint powers agreement dated November 1, 1980, pursuant to the joint exercise of powers act of the state of California. SCPPA was created for the purpose of planning, financing, developing, acquiring, constructing, operating and maintaining projects for the generation and transmission of electric energy for sale to its participants. The joint powers agreement has a term expiring in 2030 or such later date as all bonds and notes of SCPPA and the interest thereon have been paid in full or adequate provisions for payments have been made. A copy of SCPPA’s audited financial statements can be reviewed on their website at www.scppa.org or can be obtained by written request at 1160 Nicole Court, Glendora, CA 91740.

The City’s obligation is determined by the extent of its participation in projects developed by SCPPA. A summary of the City’s contracts and related projects and its contingent liability at June 30, 2025, is as follows:

Dollar Amounts Expressed in Thousands
City's City's
Total Total City's Share Share
Principal Interest Percentage Principal Interest
Project Outstanding Outstanding Share Outstanding Outstanding Generation Projects:

Magnolia Power Project 187,770 $ 49,154 $ 4.31% 8,093 $ 2,119 $ Natural Gas Projects:

Natural Gas Pinedale Project 905 205 100.00% 905 205 Natural Gas Barnett Project 1,870 423 100.00% 1,870 423 Prepaid Natural Gas:

Project No. 1 234,360 69,014 11.26% 26,380 7,592 Total Bonds Payable 37,248$ 10,339 $

The City’s interests in various SCPPA projects are described as follows:

Nuclear Generation Project
Palo Verde Project – On August 14, 1981, SCPPA purchased a 5.91% interest in the Palo Verde Nuclear Generating Station (PVNGS), a 3,810 MW nuclear fueled generating station near Phoenix, Arizona, a 5.44% ownership interest in the Arizona Nuclear Power Project High Voltage Switchyard (ANPP HVS) and a 6.55% share of the right to use certain portions of the Arizona Nuclear Power Project Valley Transmission System (collectively, the Palo Verde Project). Units 1, 2 and 3 of the Palo Verde Project began commercial operations in January 1986, September 1986, and January 1988, respectively.

Since inception of the ANPP HVS capital additions, new terminations and other events have successively changed the respective ownership interest in the ANPP HVS. In the fiscal year ended June 30, 2011, the PVNGS fourth transformer became the 14 th
termination in the ANPP HVS and caused SCPPA’s proportional ownership percentage to change from 5.56% to 5.44%. This change became effective April 1, 2011.

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NOTE 11 JOINTLY GOVERNED ORGANIZATIONS (CONTINUED)
Southern California Public Power Authority (Continued)
Nuclear Generation Project (Continued)
Units 1, 2, and 3 each operated under a 40 year Full Power Operating License from the Nuclear Regulatory Commission (NRC), expiring in 2025, 2026 and 2027, respectively.

In April 2011, after a detailed, two year process, the NRC approved the application to extend the operating licenses for all three units for an additional 20 years, allowing Unit 1 to operate through 2045, Unit 2 through 2046 and Unit 3 through 2047.

Coal Generation Project
San Juan Project – Effective July 1, 1993, SCPPA purchased a 41.80% interest in Unit 3 and related common facilities of the San Juan Generating Station from Century Power Corporation. Unit 3, a 497-MW unit, is one unit of a four-unit coal-fired power generating station in New Mexico. In an effort by the California participants in San Juan Unit 3, SCPPA and the other owners agreed to decommission Unit 3 no later than December 31, 2017.

To accommodate this goal, the participants accelerated the debt payment so that all debt was satisfied by January 1, 2017. Additionally, the coal supply contracts were renegotiated to remove the minimum coal purchase quantities beginning in fiscal year 2015-2016. Unit 3 ceased commercial operations on December 18, 2017. The City continues to have some small administrative costs associated with decommissioning activities.

Natural Gas Generation Project
Magnolia Power Project – The Magnolia Power Project (MAG) consists of a combined cycle natural gas fired generating plant with a nominally rated net base capacity of 242 MW and was built on a site in Burbank, California. The plant is the first that is wholly owned by SCPPA and entitlements to 100% of the capacity and energy of MAG have been sold to six of its members.

Large Hydro Generation Power
Hoover Uprating Project – As of March 1, 1986, SCPPA and six participants entered into an agreement pursuant to which each participant assigned its entitlement to Hoover Uprating capacity and associated firm energy to SCPPA in return for SCPPA’s agreement to provide for the advancement of funds for the uprating to the United States Bureau of Reclamation on behalf of such participants. The agreement expired on September 30, 2017.

On December 20, 2011, the Hoover Power Allocation Act, which extends the availability of Hoover Power to the existing contractors for an additional 50 years and creates a pool for new entrants, was signed into law. The participants entered into new agreements with the federal government for the capacity and energy, effective from October 1, 2017 through September 30, 2067. SCPPA and the six participants have agreed, effective October 1, 2017 through September 30, 2067, for the capacity and energy, as approved by each participant’s governing body.

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NOTE 11 JOINTLY GOVERNED ORGANIZATIONS (CONTINUED)
Southern California Public Power Authority (Continued)
Renewable Generation Projects
Astoria 2 Solar – In February 2013, City Council approved the Astoria 2 Project a 75 MW solar facility located in Ken County, California. The contract term is 20 years.

Astoria 2 Solar achieved commercial operation on December 9, 2016. The City’s share of the facility is 6.67% project entitlement share. The other Southern California Public Power Participants (SCPPA) include the Cities of Azusa, Banning, and Vernon.

Kingbird B Solar – The Kingbird B Solar Project is a 20 MW solar facility located in Kern County, California. The contract term is 20 years. Kingbird B Solar achieved commercial operation on October 22, 2013.The City has 15% project entitlement share.

The other SCPPA participants include the Cities of Riverside and Azusa.

Puente Hills Landfilled Gas – On January 1, 2017, the Puente Hills Gas-to-Energy Facility (Facility) which is owned by the County Sanitation District No. 2 of Los Angeles County Sanitation began delivering energy to SCPPA. The contract term is 14 years.

The City receives 23.2558% of 41.5 MW project entitlement share. The other SCPPA participants include the Cities of Azusa, Banning, Pasadena, and Vernon.

Casa Diablo Geothermal - On February 21, 2019, the SCPPA Board of Directors approved the Power Purchase Agreement and Power Sales Agreements for the City.

The Casa Diablo Geothermal is a 31 MW baseload renewable geothermal resource located in Mono County, California. The contract term is 25 years. Casa Diablo achieved commercial operation on July 14, 2022. The City receives 16 MW of the project entitlement share and is the only SCPPA participant in the project.

Transmission Projects
Mead Phoenix and Mead Adelanto Projects – As of August 4, 1992, SCPPA entered into an agreement to acquire an interest in the Mead Phoenix Project (Mead Phoenix), a transmission line extending between the Westwing substation in Arizona and the Marketplace substation in Nevada. The agreement provides SCPPA with an 18.31% interest in the Westwing Mead project component, a 17.76% interest in the Mead Substation project component and a 22.41% interest in the Mead Marketplace project component. As of August 4, 1992, SCPPA also entered into an agreement to acquire a

67.92% interest in the Mead Adelanto Project (Mead Adelanto), a transmission line extending between the Adelanto substation in Southern California and the Marketplace substation in Nevada. Funding for these projects was provided by a transfer of funds from the Multiple Project Fund and commercial operations commenced in April 1996.

The Los Angeles Department of Water & Power (LADWP) serves as project manager and operating agent of Mead Adelanto.

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NOTE 11 JOINTLY GOVERNED ORGANIZATIONS (CONTINUED)
Southern California Public Power Authority (Continued)
Natural Gas Projects
Natural Gas Pinedale Project – On July 1, 2005, SCPPA together with LADWP and Turlock Irrigation District (TID) acquired 42.5% of an undivided working interest in three natural gas leases located in the Pinedale Anticline region of the state of Wyoming.

SCPPA’s individual share in these interests equals 14.9%. The purchase includes 38 operating oil and gas wells and associated lateral pipelines, equipment, permits, rights of way and easements used in production. The natural gas field production is expected to increase for several more years as additional capital is invested on drilling new wells and then decline over a life expectancy greater than 30 years.

Natural Gas Barnett Project – Natural gas resources in the Barnett shale geological formation in Texas were acquired from Collins and Young Holding, L.L.P. (C&Y) for a total of $84 million. The acquisition settled on October 26, 2006, and was completed on December 7, 2006, when the participants, together with TID, exercised their option to purchase additional resources from C&Y.

Prepaid Natural Gas Project No. 1 – On October 11, 2007, SCPPA made a onetime prepayment of $481 million to acquire the right to receive approximately 135 billion cubic feet of natural gas from J. Aron & Company (J. Aron) to be delivered over a 30 year term beginning July 1, 2008. On October 3, 2007, prior to the acquisition of the prepaid gas supply, SCPPA entered into five separate Prepaid Natural Gas Sales Agreements (the Gas Sales Agreements) with J. Aron and simultaneously, five Prepaid Natural Gas Supply Agreements (the Gas Supply Contracts) in which SCPPA sold its interest in the natural gas, on a “take and pay” basis, to the cities of Anaheim, Burbank, Colton, Glendale and Pasadena (the Project No. 1 Participants). Through the Gas Supply Contracts, SCPPA has provided for the sale to the Project Participants, on a pay as you go basis, of all of the natural gas to be delivered to SCPPA pursuant to the Gas Sales Agreements.

On October 22, 2009, the Prepaid Natural Gas Sales Agreements and certain other agreements were restructured to reduce risk, provide an acceleration of a portion of the long term savings, reduce the remaining volumes of gas to be delivered from 135 billion to 90 billion cubic feet and shorten the term of the agreements from 30 years to 27 years. As a result of the restructuring, the Natural Gas contracts will now expire in 2035 and $165.5 million principal of the 2007 Natural Gas Project Bonds were terminated.

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NOTE 11 JOINTLY GOVERNED ORGANIZATIONS (CONTINUED)
San Bernardino Valley International Airport Authority
In May 1992, the San Bernardino Valley International Airport Authority (SBVIAA) was created pursuant to a joint exercise of powers agreement, entered into between the City of Colton, the County of San Bernardino and the Cities of Loma Linda, San Bernardino and Highland. The SBVIAA was established for the purpose of acquiring, operating, repairing, maintaining and administrating the aviation portions of the former Norton Air Force Base, now known as the San Bernardino International Airport. The City has no equity interest in the SBVIAA and does not receive a share of operating results. A copy of SBVIAA’s audited financial statements can be obtained by written request at 294 S. Leland Norton Way, Suite #1, San Bernardino, CA 92408.

Colton/San Bernardino Regional Tertiary Treatment and Water Reclamation Authority The City is a member of the Colton/San Bernardino Regional Tertiary Treatment and Water Reclamation Authority (the Regional Authority). The Governing Board of the Regional Authority is composed of two appointed representatives, one each from Colton and San Bernardino. In September 1994, the Regional Authority was formed for the purpose of creating a public agency to exercise the common powers of Colton and San Bernardino to construct, operate, use and maintain tertiary wastewater treatment, disposal and water reclamation systems. The City has no equity interest in the Regional Authority and does not receive a share of operating results.

In April 1994, the Regional Authority entered into a second agreement that provided for a loan in the amount of $30,563,058 for the construction of the Regional Tertiary Treatment System (RIX full scale facility). The City has no equity interest in the Regional Authority and does not receive a share of operating results. A copy of the Authority’s audited financial statements can be obtained by written request at 300 North “D” Street, 5th Floor, San Bernardino, CA 92418.

NOTE 12 CONCESSIONAIRE AGREEMENT
In March 2015, the City entered into a wastewater enterprise lease agreement with the City of Grand Terrace. Per the agreement, the City of Grand Terrace agreed to lease to the City the City of Grand Terrace’s wastewater enterprise. The agreement was formed for the sole purpose for arranging for the City to carry out all aspects of operation and maintenance of the City of Grand Terrace’s wastewater enterprise pursuant to and in accordance with the provisions of the sewer services agreement. The agreement is for a term of 50 years ending in 2064.

The City of Grand Terrace continues to own the wastewater enterprise. The City has been afforded long-term nonexclusive access and use of the facilities to perform the services required under the agreement. The City is to bill and collect all user fees related to the wastewater enterprise that include (a) sewer services fees, charges and assessments, (b) sewer capacity charges, sewer connection charges and (c) other revenue or income derived from use and operation of the wastewater enterprise.

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JUNE 30, 2025

(85)

NOTE 12 CONCESSIONAIRE AGREEMENT (CONTINUED)
As compensation for the exclusive use of th e wastewater enterprise, the City made a onetime advance payment of $400,000 and will pay approximately $300,000 in annual payments thereafter. The initial payment of $400,000 was recorded as intangible assets, amortized over the term of the agreement, which is 30 years.

During the fiscal year 2024-2025, the City made the annual payment of $401,500, which is included in the maintenance and operations expense in the Wastewater Utility Enterprise Fund.

NOTE 13 COMMITMENTS AND CONTINGENCIES
Self-Insurance Payable
The City is exposed to various risk of loss related to torts; theft, damage and destruction of assets; errors and omissions; and injuries to employees. In fiscal year 2022-2023 the City of Colton joined the Public Entity Risk Management Authority ( PERMA) risk pool, which has resulted in significant changes to both the workers’ compensation and liability programs.

The City has a self-insurance program for workers’ compensation and general liability and uses an internal service fund to account for and finance its uninsured risk of loss. Under the PERMA Insurance Pool program as well as internal service funding, the self-insurance funds provide coverage for up to a maximum of $500,000 for all workers’ compensation claims and $500,000 for each general liability claim and fully insures the excess amounts up to $5M for workers compensation, up to State of California Statutory Limits, and $50M for general liability respectively. Other risks are insured through PERMA’s risk pool programs, and through the purchase of commercial insurance. All funds of the City participate in the program and make payments to the internal service fund.

Liability: The City insures automobile and general liability risk up to $500,000 per occurrence including law enforcement occurrence. There is excess liability coverage of $50M for amounts above the $500,000 self-insured retention (SIR).

Workers’ Compensation: The City is self-i nsured for workers’ compensation risk up to $500,000 per occurrence for all employees. There is excess coverage of $5M for amounts above the $500,000 self-insured retention (SIR), and up to State of California Statutory Limits.

Property: The City purchases all risk property insurance, subject to exclusions, covering City buildings, contents, and machines subject to a $10,000 deductible and a limit of $200M (per property limits) per occurrence depending upon the type of loss.

Auto Physical Damage: The City purchases auto physical damage insurance on a replacement cost basis for all licensed vehicles and trailers subject to a $5,000 deductible with a scheduled limit amount per occurrence depending on the type of loss.

Employment Practices Liability: The City purchas es employment practices liability insurance with a $500,000 self-insured retention (SIR) and coverage up to $50M through PERMA and the employment law excess insurance pool , Employment Risk Management Authority (ERMA).

CITY OF COLTON, CALIFORNIA

NOTES TO FINANCIAL STATEMENTS
JUNE 30, 2025

(86)

NOTE 13 COMMITMENTS AND CONTINGENCIES (CONTINUED)
Self-Insurance Payable (Continued)
Crime: The City purchases crime (bond type) insurance with a $10,000 deductible and up to $2M per occurrence for loss of money and securities caused by employees or others.

Cyber Liability: The City has a self-insured retention (SIR) of $50,000 and purchases insurance coverage up to $20M.

Earthquake: The City purchases earthquake insurance for up to $28,422,411 with a minimum deductible of 5% per facility.

Drone: Drone liability insurance is included in the City’s Liability program for coverage up to $50M. Additional insurance is purchased to insure physical damage.

The fund establishes claims liabilities based on estimates of the ultimate cost of claims (including future claim adjustment expenses) that have been reported but not settled and of claims that have been incurred but not reported. The City has accrued for its anticipated liability with respect to claims filed and claims incurred but not reported to the City as of year-end. The accruals are in the amounts of $3,588,117 and $3,286,672 for the general liability claims and workers’ compensation claims, respectively, for a total of $6,874,789.

A reconciliation of changes in aggregate liabilities for claims for the last two fiscal years is as follows:

2025 2024
Beginning-Year Liability 6,230,073 $ 7,457,763 $
Current-Year Claims and Changes in Estimates 2,505,637 767,964 Claim Payments (1,860,921) (1,995,654)
Balance at Fiscal Year End 6,874,789 $ 6,230,073 $

There have been no significant changes in insurance coverage from the prior year. During the past three fiscal years, the amount of settlements has not exceeded the amount of insurance coverage.

The City is a member of the Public Entity Risk Management Authority (PERMA), a public entity risk pool operating as a common risk management and insurance program. The City continues to carry commercial insurance, both primary and excess, for all other risks of loss.

Litigation
There are several lawsuits pending against the City. The outcome and eventual liability of the City, if any, in these cases is not known at this time. Management estimates that the potential claims against the City, not covered by insurance or self-insurance reserves, resulting from such litigation would not materially affect the financial statements of the City.

CITY OF COLTON, CALIFORNIA

NOTES TO FINANCIAL STATEMENTS
JUNE 30, 2025

(87)

NOTE 14 SUCCESSOR AGENCY TRUST FOR ASSETS OF THE FORMER REDEVELOPMENT AGENCY
Cash and Investments
Cash and investments reported in the accompanying Successor Agency of the Former Redevelopment Agency financial statements consisted of the following:

Cash and Investments 1,969,699 $

Long-Term Liabilities
The following debt was transferred from the Redevelopment Agency to the Successor Agency as of February 1, 2012, as a result of the dissolution. A description of long-term debt outstanding (excluding defeased debt) of the Successor Agency as of June 30, 2025, is as follows:

Due Due in
Balance Balance Within More Than
June 30, 2024 Additions Deletions June 30, 2025 One Year One Year Tax Allocation Bonds:

Refunding Bonds,
Series 2015 6,800,000 $ - $ (1,120,000)$ 5,680,000 $ 1,170,000 $ 4,510,000 $ Unamortized Discounts 1,087,136 - (86,971) 1,000,165 - 1,000,165 Total 7,887,136 $ - $ (1,206,971)$ 6,680,165 $ 1,170,000 $ 5,510,165 $

Tax Allocation Refunding Bonds 2015 Series
On July 8, 2015, the City issued $18,925,000 of Series 2015 Tax Allocation Refunding Bonds. These refunding bonds were issued to advance refund the outstanding balance on the Series 1998 A and B bonds, 1999 Series bonds, 2004 Series A bonds and note payable – CIEDB. The bonds consist of serial bonds with annual maturity dates from August 1, 2016 through August 1, 2031, with interest rates ranging from 2.00% to 3.625% and term bonds of $1,365,000 with an interest rate of 4.00% maturing on August 1, 2036.

At June 30, 2025, the annual requirement to repay the remaining outstanding indebtedness is as follows:

Year Ending June 30, Principal Interest Total
2026 1,170,000 $ 226,388 $ 1,396,388 $
2027 1,230,000 166,388 1,396,388
2028 970,000 111,388 1,081,388
2029 225,000 83,481 308,481
2030 230,000 75,944 305,944
2031-2035 1,280,000 244,194 1,524,194 2036-2037 575,000 23,300 598,300 Total 5,680,000 $ 931,083 $ 6,611,083 $

CITY OF COLTON, CALIFORNIA

NOTES TO FINANCIAL STATEMENTS
JUNE 30, 2025
(88)

NOT
E 15 RESTATEMENT FOR A CORRECTION OF AN ERROR
A.

Restatement to Beginning Net Position: Correction of an Error in Previously Issued Financial Statements
During the
fiscal year ended June 30, 2025, the City identified that the previous ly reported long-term liability amount for the Cou
nty Memorandum of Understanding of
$1,829,298 for governmental activities did not include the entire long-te rm obligation.

Government
al activities should have included an additional $2,029,504 and business- type activities, along with the water enterprise fund, should have reported $278,833. This resulted in a
total restatement to beginning net position of $2,308,337 to correct the error in reporting
this long-term obligation. The total obligation as of July 1, 2024, should have been $3,858,802 for governmental activities and $278,833 for business type activities and the water enterprise fund, resulting in a total long-term obligation of $4,137,635. The effect of the correction is shown in the table below
.

June 30, 2024, Correction of June 30, 2024,
As Previously Error As Adjusted
Reported (A) or Restated
Government-Wide:

Governmental Activities 53,049,398$ (2,029,504)$ 51,019,894$ Business-Type Activities 169,640,790 (278,833)
169,361,957
Total Primary Government 222,690,188$ (2,308,337)$ 220,381,851$ Proprietary Funds:

Major Funds:

Water Utility 45,453,034 (278,833)
45,174,201
Tot
al Proprietary Funds 181,220,236$ (278,833)$
180,941,403$

(89)

REQUIRED SUPPLEMENTARY INFORMATION

CITY OF COLTON, CALIFORNIA
SCHEDULE OF CITY’S PROPORTIONATE SHARE IN THE NET PENSION LIABILITY

AND RELATED RATIOS
CalPERS PENSION PLANS

LAST TEN FISCAL YEARS

(90)

Fiscal Year Ended June 30, 2025 June 30, 2024 June 30, 2023 June 30, 2022 June 30, 2021 Measurement Period June 30, 2024 June 30, 2023 June 30, 2022 June 30, 2021 June 30, 2020 City's Proportion of the Net
Pension Liability 1.05079% 1.03796% 1.06369% 1.24853% 0.95962% City's Proportionate Share of the
Net Pension Liability 76,611,346 $ 77,587,111 $ 73,092,173 $ 43,817,132 $ 63,933,056 $ City's Covered Payroll 11,871,821 $ 10,599,582 $ 9,989,252 $ 9,590,910 $ 8,620,874 $ City's Proportionate Share of the Net
Pension Liability as a Percentage of
City's Covered Payroll 645.32% 731.98% 731.71% 456.86% 741.61% Plan's Fiduciary Net Position
as a Percentage of the Plan's
Total Pension Liability 67.50% 65.81% 66.63% 79.04% 68.91% Notes to Schedule:

Benefit Changes:

There were no changes in benefits.

Changes in Assumptions:

From fiscal year June 30, 2015 to June 30, 2016:

GASB 68, paragraph 68 states that the long-term expected rate of return should be determined net of pension plan investment expense but without reduction for pension plan administrative expense. The discount rate of 7.50% used for the June 30, 2014 measurement date was net of administrative expenses. The discount rate of 7.65% used for the June 30, 2015 measurement date is without reduction of pension plan administrative expense.

From fiscal year June 30, 2016 to June 30, 2017:

There were no changes in assumptions.

From fiscal year June 30, 2017 to June 30, 2018:

The discount rate was reduced from 7.65% to 7.15%.

From fiscal year June 30, 2018 to June 30, 2019:

Inflation was reduced from 2.75% to 2.50%.

From fiscal year June 30, 2019 to June 30, 2022:

There were no significant changes in assumptions.

From fiscal year June 30, 2022 to June 30, 2023:

The discount rate and long-term rate of return decreased from 7.15% to 6.9% and the inflation rate decreased from

2.5% to 2.3%.

From fiscal year June 30, 2023 to June 30, 2025:

There were no significant changes in assumptions.

Safety

CITY OF COLTON, CALIFORNIA
SCHEDULE OF CITY’S PROPORTIONATE SHARE IN THE NET PENSION LIABILITY

AND RELATED RATIOS (CONTINUED)
CalPERS PENSION PLANS

LAST TEN FISCAL YEARS

(91)

Fiscal Year Ended
Measurement Period
City's Proportion of the Net
Pension Liability
City's Proportionate Share of the
Net Pension Liability
City's Covered Payroll
City's Proportionate Share of the Net
Pension Liability as a Percentage of
City's Covered Payroll
Plan's Fiduciary Net Position
as a Percentage of the Plan's
Total Pension Liabilit
y
June 30, 2020 June 30, 2019 June 30, 2018 June 30, 2017 June 30, 2016 June 30, 2019 June 30, 2018 June 30, 2017 June 30, 2016 June 30, 2015

0.94376% 0.933270% 0.913560% 0.902780% 0.887770%
58,914,788$ 54,759,875 $ 53,943,082 $ 47,315,229 $ 36,579,955 $ 9,579,273$ 9,299,618 $ 8,523,558 $ 7,954,010 $ 8,572,102 $ 615.02% 588.84% 632.87% 594.86% 426.73%

75.26% 75.26% 73.31% 74.06% 78.40%
Safety

Notes to Schedule:

Benefit Changes:

There were no changes in benefits.

Changes in Assumptions:

From fiscal year June 30, 2015 to June 30, 2016:

GASB 68, paragraph 68 states that the long-term expected rate of return should be determined net of pension plan investment expense but without reduction for pension plan administrative expense. The discount rate of 7.50% used for the June 30, 2014 measurement date was net of administrative expenses. The discount rate of 7.65% used for the June 30, 2015 measurement date is without reduction of pension plan administrative expense.

From fiscal year June 30, 2016 to June 30, 2017:

There were no changes in assumptions.

From fiscal year June 30, 2017 to June 30, 2018:

The discount rate was reduced from 7.65% to 7.15%.

From fiscal year June 30, 2018 to June 30, 2019:

Inflation was reduced from 2.75% to 2.50%.

From fiscal year June 30, 2019 to June 30, 2022:

There were no significant changes in assumptions.

From fiscal year June 30, 2022 to June 30, 2023:

The discount rate and long-term rate of return decreased from 7.15% to 6.9% and the inflation rate decreased from

2.5% to 2.3%.

From fiscal year June 30, 2023 to June 30, 2025:

There were no significant changes in assumptions.

CITY OF COLTON, CALIFORNIA

SCHEDULE OF CONTRIBUTIONS
CalPERS PENSION PLANS

LAST TEN FISCAL YEARS

(92)

Fiscal Year Ended June 30, 2025 June 30, 2024 June 30, 2023 June 30, 2022 June 30, 2021 Contractually Required Contribution
(Actuarially Determined) 8,639,953 $ 7,693,495 $ 7,345,741 $ 6,665,476 $ 5,958,971 $ Contributions in Relation to
the Contractually Required
Contributions (8,639,953) (7,693,495) (7,345,741) (6,665,476) (5,958,971) Contribution Deficiency (Excess) - $ - $ - $ - $ - $ City's Covered Payroll 12,725,205 $ 11,871,821 $ 10,599,582 $ 9,989,252 $ 9,590,910 $ Contributions as a Percentage
of Covered Payroll 67.90% 64.80% 69.30% 66.73% 62.13%
Notes to Schedule:

Valuation Date 6/30/2022 6/30/2021 6/30/2020 6/30/2019 6/30/2018 Methods and Assumptions Used to
Determine Contribution Rates:

Actuarial Cost Method Entry Age Entry Age Entry Age Entry Age Entry Age Amortization Method (1) (1) (1) (1) (1)
Asset Valuation Method Fair Value Fair Value Fair Value Fair Value Fair Value Inflation 2.300% 2.300% 2.300% 2.500% 2.500%
Salary Increases (2) (2) (2) (2) (2)
Investment Rate of Return 6.90% (3) 6.90% (3) 6.90% (3) 7.00% (3) 7.00% (3) Retirement Age (4) (4) (4) (4) (4)
Mortality (5) (5) (5) (5) (5)
(1) Level percentage of payroll, closed
(2) Depending on age, service, and type of employment
(3) Net of pension plan investment expense, including inflation (4) Classic: 50- 67 and PEPRA: 52-67
(5) Mortality assumptions are based on mortality rates resulting from the most recent CalPERS Experience Study adopted by the CalPERS Board.

Safety

CITY OF COLTON, CALIFORNIA

SCHEDULE OF CONTRIBUTIONS (CONTINUED)
CalPERS PENSION PLANS

LAST TEN FISCAL YEARS

(93)

Fiscal Year Ended
Contractually Required Contribution
(Actuarially Determined)
Contributions in Relation to
the Contractually Required
Contributions
Contribution Deficiency (Excess)
City's Covered Payroll
Contributions as a Percentage
of Covered Payroll
Notes to Schedule:

Valuation Date
Methods and Assumptions Used to
Determine Contribution Rates:

Actuarial Cost Method
Amortization Method
Asset Valuation Method
Inflation
Salary Increases
Investment Rate of Return
Retirement Age
Mortality
June 30, 2020 June 30, 2019 June 30, 2018 June 30, 2017 June 30, 2016 5,255,476$ 4,437,898 $ 3,908,198 $ 3,319,478 $ 3,081,204 $ (5,255,476) (4,437,898) (3,908,198) (3,319,478) (3,081,204) -$ - $ - $ - $ - $ 8,620,874$ 9,579,273 $ 9,299,618 $ 8,523,558 $ 7,954,010 $

60.96% 46.33% 42.03% 38.94% 38.74%
6/30/2017 6/30/2016 6/30/2015 6/30/2014 6/30/2013
Entry Age Entry Age Entry Age Entry Age Entry Age
(1) (1) (1) (1) (1)
Fair Value Fair Value Fair Value Fair Value Fair Value

2.625% 2.75% 2.75% 2.75% 2.75%
(2) (2) (2) (2) (2)

7.25% (3) 7.375% (3) 7.50% (3) 7.50% (3) 7.50% (3)
(4) (4) (4) (4) (4)
(5) (5) (5) (5) (5)
Safety

(1) Level percentage of payroll, closed
(2) Depending on age, service, and type of employment
(3) Net of pension plan investment expense, including inflation (4) Classic: 50- 67 and PEPRA: 52-67
(5) Mortality assumptions are based on mortality rates resulting from the most recent CalPERS Experience Study adopted by the CalPERS Board.

CITY OF COLTON, CALIFORNIA

SCHEDULE OF CHANGES IN NET PENSION LIABILITY
CalPERS PENSION PLANS

LAST TEN FISCAL YEARS

(94)

Fiscal Year Ended June 30, 2025 June 30, 2024 June 30, 2023 June 30, 2022 June 30, 2021 Measurement Period June 30, 2024 June 30 , 2023 June 30, 2022 June 30, 2021 June 30, 2020 Total Pension Liability:

Service Cost 2,785,990 $ 2,735,451 $ 2,577,952 $ 2,386,656 $ 2,461,858 $ Interest on Total Pension Liability 12,387,724 11,912,275 11,460,267 11,314,393 11,011,405 Differences Between Expected and
Actual Experience 1,529,219 1,083,653 (2,794,232) (843,481) (838,202) Changes in Assumptions - - 5,527,613 - - Changes in Benefits - 267,972 - - - Benefit Payments, Including Refunds of
Employee Contributions (9,537,146) (9,086,145) (8,749,364) (8,615,641) (8,093,554) Net Change in Total Pension Liability 7,165,787 6,913,206 8,022,236 4,241,927 4,541,507 Total Pension Liability - Beginning of Year 181,378,596 174,465,390 166,443,154 162,201,227 157,659,720 Total Pension Liability - End of Year (a) 188,544,383 $ 181,378,596 $ 174,465,390 $ 166,443,154 $ 162,201,227 $ Plan Fiduciary Net Position:

Net Plan to Plan Resource Movement - $ - $ 216 $ - $ - $ Miscellaneous Expenses - - - - - Contributions - Employer 5,753,070 5,446,713 5,025,421 4,590,979 4,112,145 Contributions - Employee 1,503,666 1,109,511 1,029,715 992,202 1,020,294 Net Investment Income 12,258,420 7,609,530 (10,260,414) 25,531,661 5,522,127 Benefit Payments (9,537,146) (9,086,145) (8,749,364) (8,615,641) (8,093,554) Administrative Expense (104,306) (90,594) (84,867) (113,731) (157,114)
Net Change in Plan Fiduciary Net Position 9,873,704 4,989,015 (13,039,293) 22,385,470 2,403,898 Plan Fiduciary Net Position - Beginning of Year 128,186,626 123,197,611 136,236,904 113,851,434 111,447,536 Plan Fiduciary Net Position - End of Year (b) 138,060,330 $ 128,186,626 $ 123,197,611 $ 136,236,904 $ 113,851,434 $ Net Pension Liability - Ending (a)-(b) 50,484,053 $ 53,191,970 $ 51,267,779 $ 30,206,250 $ 48,349,793 $ Plan Fiduciary Net Position as a Percentage of the
Total Pension Liability 73.22% 70.67% 70.61% 81.85% 70.19% Covered Payroll 17,530,213 $ 14,370,768 $ 13,808,165 $ 13,598,995 $ 12,886,815 $ Net Pension Liability as Percentage of
Covered Payroll 287.98% 370.14% 371.29% 222.12% 375.19% Miscellaneous

Notes to Schedule:

Benefit Changes:

There were no changes in benefits.

Changes in Assumptions:

From fiscal year June 30, 2015 to June 30, 2016:

GASB 68, paragraph 68 states that the long-term expected rate of return should be determined net of pension plan investment expense but without reduction for pension plan administrative expense. The discount rate of 7.50% used for the June 30, 2014 measurement date was net of administrative expenses. The discount rate of 7.65% used for the June 30, 2015 measurement date is without reduction of pension plan administrative expense.

From fiscal year June 30, 2016 to June 30, 2017:

There were no changes in assumptions.

From fiscal year June 30, 2017 to June 30, 2018:

The discount rate was reduced from 7.65% to 7.15%.

From fiscal year June 30, 2018 to June 30, 2019:

Inflation was reduced from 2.75% to 2.50%.

From fiscal year June 30, 2019 to June 30, 2022:

There were no significant changes in assumptions.

From fiscal year June 30, 2022 to June 30, 2023:

The discount rate and long-term rate of return decreased from 7.15% to 6.9% and the inflation rate decreased from 2.5% to 2.3%.

From fiscal year June 30, 2023 to June 30, 2025:

There were no significant changes in assumptions.

CITY OF COLTON, CALIFORNIA

SCHEDULE OF CHANGES IN NET PENSION LIABILITY (CONTINUED) CalPERS PENSION PLANS

LAST TEN FISCAL YEARS

(95)

Fiscal Year Ended
Measurement Period
Total Pension Liability:

Service Cost
Interest on Total Pension Liability
Differences Between Expected and
Actual Experience
Changes in Assumptions
Changes in Benefits
Benefit Payments, Including Refunds of
Employee Contributions
Net Change in Total Pension Liability
Total Pension Liability - Beginning of Year
Total Pension Liability - End of Year (a)
Plan Fiduciary Net Position:

Net Plan to Plan Resource Movement
Miscellaneous Expenses
Contributions - Employer
Contributions - Employee
Net Investment Income
Benefit Payments
Administrative Expense
Net Change in Plan Fiduciary Net Position
Plan Fiduciary Net Position - Beginning of Year
Plan Fiduciary Net Position - End of Year (b)
Net Pension Liability - Ending (a)-(b)
Plan Fiduciary Net Position as a Percentage of the
Total Pension Liability
Covered Payroll
Net Pension Liability as Percentage of
Covered Payroll
June 30, 2020 June 30, 2019 June 30, 2018 June 30, 2017 June 30, 2016 June 30, 2019 June 30, 2018 June 30, 2017 June 30, 2016 June 30, 2015 2,493,798$ 2,509,394 $ 2,441,303 $ 2,173,034 $ 2,030,905 $ 10,683,159 10,127,309 9,698,932 9,339,587 8,828,015 2,325,332 1,242,908 19,319 1,753,280 (144,763) - (759,649) 8,163,980 - (2,174,145) - - - - - (7,370,298) (6,989,911) (6,342,617) (6,190,901) (5,801,181) 8,131,991 6,130,051 13,980,917 7,075,000 2,738,831 149,527,729 143,397,678 129,416,761 122,341,761 119,602,930 157,659,720$ 149,527,729 $ 143,397,678 $ 129,416,761 $ 122,341,761 $ -$ (249)$ - $ - $ - $ 249 (302,584) - - - 3,464,809 2,954,354 2,806,234 2,601,938 2,266,067 1,090,119 1,076,405 1,079,751 1,054,638 1,098,948 6,981,787 8,526,707 10,436,125 507,989 2,151,777 (7,370,298) (6,989,911) (6,342,617) (6,190,901) (5,801,181) (76,613) (159,337) (139,393) (58,810) (131,597) 4,090,053 5,105,385 7,840,100 (2,085,146) (415,986) 107,357,483 102,252,098 94,411,998 96,497,144 96,913,130 111,447,536$ 107,357,483 $ 102,252,098 $ 94,411,998 $ 96,497,144 $ 46,212,184$ 42,170,246 $ 41,145,580 $ 35,004,763 $ 25,844,617 $

70.69% 71.80% 71.31% 72.95% 78.88%
13,638,600$ 13,726,400 $ 14,021,318 $ 12,803,630 $ 13,135,088 $ 338.83% 307.22% 293.45% 273.40% 196.76%
Miscellaneous

Notes to Schedule:

Benefit Changes:

There were no changes in benefits.

Changes in Assumptions:

From fiscal year June 30, 2015 to June 30, 2016:

GASB 68, paragraph 68 states that the long-term expected rate of return should be determined net of pension plan investment expense but without reduction for pension plan administrative expense. The discount rate of 7.50% used for the June 30, 2014 measurement date was net of administrative expenses. The discount rate of 7.65% used for the June 30, 2015 measurement date is without reduction of pension plan administrative expense.

From fiscal year June 30, 2016 to June 30, 2017:

There were no changes in assumptions.

From fiscal year June 30, 2017 to June 30, 2018:

The discount rate was reduced from 7.65% to 7.15%.

From fiscal year June 30, 2018 to June 30, 2019:

Inflation was reduced from 2.75% to 2.50%.

From fiscal year June 30, 2019 to June 30, 2022:

There were no significant changes in assumptions.

From fiscal year June 30, 2022 to June 30, 2023:

The discount rate and long-term rate of return decreased from 7.15% to 6.9% and the inflation rate decreased from 2.5% to 2.3%.

From fiscal year June 30, 2023 to June 30, 2025:

There were no significant changes in assumptions.

CITY OF COLTON, CALIFORNIA

SCHEDULE OF CONTRIBUTIONS
CalPERS PENSION PLANS

LAST TEN FISCAL YEARS

(96)

Fiscal Year Ended June 30, 2025 June 30, 2024 June 30, 2023 June 30, 2022 June 30, 2021 Contractually Required Contribution
(Contractually Required) 6,527,395 $ 5,672,159 $ 5,446,713 $ 5,023,161 $ 4,593,240 $ Contributions in Relation to
the Contractually Required
Contributions (6,527,395) (5,672,159) (5,446,713) (5,023,161) (4,593,240) Contribution Deficiency (Excess) - $ - $ - $ - $ - $ Covered Payroll 19,499,904 $ 17,530,213 $ 14,370,768 $ 13,808,165 $ 13,598,995 $ Contributions as a Percentage
of Covered Payroll 33.47% 32.36% 37.90% 36.38% 33.78%
Notes to Schedule:

Valuation Date 6/30/2022 6/30/2021 6/30/2020 6/30/2019 6/30/2018 Methods and Assumptions Used to Determine
Contribution Rates:

Actuarial Cost Method Entry Age Entry Age Entry Age Entry Age Entry Age Amortization Method (1) (1) (1) (1) (1)
Asset Valuation Method Fair Value Fair Value Fair Value Fair Value Fair Value Inflation 2.300% 2.300% 2.300% 2.500% 2.500%
Salary Increases (2) (2) (2) (2) (2)
Investment Rate of Return 6.90% (3) 6.90% (3) 6.90% (3) 7.00% (3) 7.00% (3) Retirement Age (4) (4) (4) (4) (4)
Mortality (5) (5) (5) (5) (5)
(1) Level percentage of payroll, closed
(2) Depending on age, service, and type of employment
(3) Net of pension plan investment expense, including inflation (4) Classic: 50- 67 and PEPRA: 52-67
(5) Mortality assumptions are based on mortality rates resulting from the most recent CalPERS Experience Study adopted by the CalPERS Board.

Miscellaneous

CITY OF COLTON, CALIFORNIA

SCHEDULE OF CONTRIBUTIONS (CONTINUED)
CalPERS PENSION PLANS

LAST TEN FISCAL YEARS
(97)

Fiscal Year Ended
Contractually Required Contribution
(Contractually Required)
Contributions in Relation to
the Contractually Required
Contributions
Contribution Deficiency (Excess)
Covered Payroll
Contributions as a Percentage
of Covered Payroll
Notes to Schedule:

Valuation Date
Methods and Assumptions Used to Determine
Contribution Rates:

Actuarial Cost Method
Amortization Method
Asset Valuation Method
Inflation
Salary Increases
Investment Rate of Return
Retirement Age
Mortality
June 30, 2020 June 30, 2019 June 30, 2018 June 30, 2017 June 30, 2016 4,114,285$ 3,452,712 $ 2,941,634 $ 2,734,651 $ 2,504,134 $ (4,114,285) (3,452,712) (2,941,634) (2,734,651) (2,504,134) -$
-$
-$
-$
-$
12,
886,815$ 13,638,600$ 13,726,400$ 14,021,318$ 12,803,630$

31.93% 25.32% 21.43% 19.50% 19.56%
6/30/2017 6/30/2016 6/30/2015 6/30/2014 6/30/2013
Entry Age Entry Age Entry Age Entry Age Entry Age
(1)( 1)( 1)( 1)( 1)
Fair Value Fair Value Fair Value Fair Value Fair Value

2.625% 2.75% 2.75% 2.75% 2.75%
(2)( 2)( 2)( 2)( 2)

7.25% (3) 7.375% (3) 7.50% (3) 7.50% (3) 7.50% (3)
(4)( 4)( 4)( 4)( 4)
(5)( 5)( 5)( 5)( 5)
Miscellaneous

CITY OF COLTON, CALIFORNIA

SCHEDULE OF CHANGES IN THE TOTAL OPEB LIABILITY AND RELATED RATIOS

OTHER POSTEMPLOYMENT BENEFITS PLAN
LAST TEN FISCAL YEARS *

(98)

Fiscal Year End June 30, 2025 June 30, 2024 June 30, 2023 June 30, 2022 Measurement Date June 30, 2024 June 30, 2023 June 30, 2022 June 30, 2021 Total OPEB Liability:

Service Cost 1,855,587 $ 1,779,887 $ 2,473,079 $ 2,328,012 $ Interest on Total OPEB Liability 1,810,725 1,658,133 1,089,284 1,134,611 Differences Between Expected and Actual
Experience (4,022,478) - - - Changes in Assumptions (113,084) 1,117,447 (9,520,890) 6,042,181 Changes in Benefit Terms - - (2,106,047) Plan Experience - 403,187 41,105 Benefit Payments, Including Refunds of
Member Contributions (1,938,737) (1,853,266) (1,983,359) (1,949,639) Net Change in Total OPEB Liability ( 2,407,987) 2,702,201 (7,538,699) 5,490,223 Total OPEB Liability - Beginning of Year 45,800,968 43,098,767 50,637,466 45,147,243 Total OPEB Liability - Ending (a)-(b) 43,392,981 $ 45,800,968 $ 43,098,767 $ 50,637,466 $ Covered - Employee Payroll 29,402,034 $ 24,970,350 $ 23,797,417 $ 23,189,905 $ Total OPEB Liability as Percentage of
Covered - Employee Payroll 147.58% 183.42% 181.11% 218.36% Notes to Schedule:

No assets are accumulated in a trust that meets the criteria in paragraph 4 of GASB Statement 75.

Benefit Changes:

Change in maximum benefit amount to be paid by the City based on employee group and hire date.

Changes in Assumptions:

Discount Rate 3.93% 3.88% 3.77% 2.09%
From June 30, 2023 to June 30, 2024, the medical trend was updated from 6.8% in 2024 decreasing to 3.9% by 2075 to the following: 12.6% for Pre-Medicare plans and 10.2% for Medicare plans for 2024, followed by 8.0% for Pre-Medicare plans and 13.5% for Medicare plans for 2025, then 5.6% for 2026 decreasing to 3.9% for years 2075 and later.

From June 30, 2024 to June 30, 2025, the medical trend was updated from 12.6% for Pre-Medicare plans and 10.2% for Medicare plans for 2024 to the following: 6.0% for Pre-Medicare plans and 12.5% for Medicare plans for 2026, followed by 5.5% decreasing to 4.8% for years 2040 and later. * Fiscal year 2018 was the first year of implementation and therefore only eight years are shown.

CITY OF COLTON, CALIFORNIA

SCHEDULE OF CHANGES IN THE TOTAL OPEB LIABILITY AND RELATED RATIOS (CONTINUED)

OTHER POSTEMPLOYMENT BENEFITS PLAN
LAST TEN FISCAL YEARS *

(99)

Fiscal Year End
Measurement Date
Total OPEB Liability:

Service Cost
Interest on Total OPEB Liability
Differences Between Expected and Actual
Experience
Changes in Assumptions
Changes in Benefit Terms
Plan Experience
Benefit Payments, Including Refunds of
Member Contributions
Net Change in Total OPEB Liability
Total OPEB Liability - Beginning of Year
Total OPEB Liability - Ending (a)-(b)
Covered - Employee Payroll
Total OPEB Liability as Percentage of
Covered - Employee Payroll
June 30, 2021 June 30, 2020 June 30, 2019 June 30, 2018 June 30, 2020 June 30, 2019 June 30, 2018 June 30, 2017 1,921,819$ 1,233,655 $ 1,197,722 $ 1,308,041 $ 1,288,268 1,097,960 1,051,619 916,545 - 6,245,865 - - 3,874,473 1,968,572 (346,225) (1,977,837) - - - - - - - - (1,825,760) (1,588,495) (1,408,943) (1,322,951) 5,258,800 8,957,557 494,173 (1,076,202) 39,888,443 30,930,886 30,436,713 31,512,915 45,147,243$ 39,888,443 $ 30,930,886 $ 30,436,713 $ 22,391,564$ 23,216,582 $ 23,026,018 $ 22,544,876 $ 201.63% 171.81% 134.33% 135.01%

Notes to Schedule:

No assets are accumulated in a trust that meets the criteria in paragraph 4 of GASB Statement 75.

Benefit Changes:

Change in maximum benefit amount to be paid by the City based on employee group and hire date.

Changes in Assumptions:

Discount Rate 2.44% 3.15% 3.50% 3.40%

(100)

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(101)

SUPPLEMENTARY INFORMATION

COMBINING AND INDIVIDUAL FUND STATEMENTS AND SCHEDULES

(102)

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CITY OF COLTON, CALIFORNIA

OTHER NONMAJOR GOVERNMENTAL FUNDS
JUNE 30, 2025

(103)

Special Revenue Funds. Are used to account for the proceeds of specific revenue sources (other than special assessments, expendable trusts, or major capital projects), that are restricted to expenditures for special purposes. The following funds have been classified as other governmental funds:

Gas Tax Fund – To account for monies received and expended from State Gas Tax allocations.

Community Child Care Fund – To account for monies received and expended from State Department of Education.

Library Grant Fund – To account for monies received and expended from various grant sources.

Community Development Block Grant Fund – To account for monies received and expended by the City as a participant in the Federal Community Development Block Grant Program.

State Traffic Relief Fund – To account for monies received from AB2928 for street pavement maintenance, rehabilitation and reconstruction of traffic control devices.

Asset Seizure Fund – To account for monies received and property seized as a result of judicial forfeitures.

Air Quality Fund – To account for monies received fr om AQMD for Alternate Fuel Program and Trip Reduction.

Drug/Gang Intervention Fund – To account for monies received from Asset Seizure for anti-gang education.

Host City Fees Fund – To account for monies received and expended from County of San Bernardino for hosting the County landfill.

Storm Water Fund – To account for monies received and expended for the maintenance of storm drains.

Local Transportation Fund – To account for monies received from a portion of sales tax revenue restricted to fund transportation related activities.

New Facilities Fund – To account for monies received from new development dedicated to building of new Public Safety and Library facilities.

Civic Center Development Fee Fund – To account for monies received from new development dedicated to building of a new civic center facility.

Fire Facility Development Fee Fund – To account for monies received from new development dedicated to building of new fire facility.

Police Facility Development Fee Fund – To account for to account for monies received from new development dedicated to building of new police facility.

CITY OF COLTON, CALIFORNIA

OTHER NONMAJOR GOVERNMENTAL FUNDS
JUNE 30, 2025

(104)

ViTep Fund – this fund was setup using a grant from the Office of Traffic Safety to tow cars belonging to unlicensed drivers within the City. For conti nuation of the program revenue is now derived from citation of traffic violators within the City.

Miscellaneous Grants Fund – To account for monies received and expended from various grant sources.

Housing Authority Fund – To account for activities related to protecting local housing funds and programs, providing new revenue opportunities fo r affordable housing programs, promoting public safety and welfare, and ensuring decent, safe, sanitary and affordable housing accommodations to persons of low income within the City.

Debt Service Funds . Are used to account for the accumulation of resources for, and the payment of, long term debt principal, interest and related costs other than those being financed by proprietary funds.

Public Financing Authority (PFA) Fund – This fund is used to accumulate resources for the payment of principal and interest on long term debt for the City.

Taxable Pension Funding Bonds Fund – This fund is used to accumulate resources for the payment of principal and interest on the amount borrowed for purposes of funding the City’s enterprise funds’ previously unfunded pension liability.

Capital Projects Funds . Are used to account for financial resources to be used for the acquisition or construction of major facilities other than those financed by Proprietary, Special Assessment and/or Trust Funds. The following funds have been classified as other governmental funds.

Development Fees Fund – To account for funds collected from developers for capital infrastructure projects within the development.

Colton Crossing Fund – To account for funds relating to the Laurel/Hunts Lane Separation Project which are funded by Local Stimulus Funds, Proposition 42, Traffic Relief Funds and Traffic Impact Fees.

(105)

T

HIS PAGE INTENTIONALLY LEFT BLANK

CITY OF COLTON, CALIFORNIA

COMBINING BALANCE SHEET

OTHER GOVERNMENTAL FUNDS
JUNE 30, 2025

(106)

Special Revenue Funds
Community
Community Development State
Child Library Block Traffic Asset
Gas Tax Care Grant Grant Relief Seizure
ASSETS
Cash and Investments 637,306 $ 1,284,730 $ 12,958 $ 4,963 $ 2,011,446$ 465,777 $ Receivables:

Accounts - 4,566 - 38,852 - - Taxes - - - - 258,512 - Accrued Interest 6,550 15,108 154 - 22,006 5,795 Due from Other Governments 260,566 104,653 - 29,733 - - Due from Other Funds - - 8,236 - - - Land Held for Resale - - - - - - Restricted Assets:

Cash and Investments - - - - - 70,658 Cash and Investments with
Fiscal Agents - - - - - - Total Assets 904,422 $ 1,409,057 $ 21,348 $ 73,548 $ 2,291,964$ 542,230 $

LIABILITIES
Accounts Payable 44,581 $ 249,073 $ 1,806 $ 37,745 $ 240,418 $ - $ Unearned Revenues - 445,811 - - - - Due to Other Funds - - - 38,852 - - Total Liabilities 44,581 694,884 1,806 76,597 240,418 -

DEFERRED INFLOWS OF

RESOURCES
Unavailable Revenues - - - 68,585 - -

FUND BALANCES (DEFICITS)
Restricted:

Public Safety - - - - - 542,230 Capital Projects 859,841 - - - 2,051,546 - Debt Service - - - - - - Education - 714,173 19,542 - - - Affordable Housing - - - - - - Air Quality Projects - - - - - - Unassigned - - - (71,634) - - Total Fund Balances (Deficits) 859,841 714,173 19,542 (71,634) 2,051,546 542,230 Total Liabilities, Deferred
Inflow of Resources, and
Fund Balances 904,422 $ 1,409,057 $ 21,348 $ 73,548 $ 2,291,964$ 542,230 $

CITY OF COLTON, CALIFORNIA

COMBINING BALANCE SHEET (CONTINUED)

OTHER GOVERNMENTAL FUNDS
JUNE 30, 2025
(107)

ASSETS
Cash and Investments
Receivables:

Accounts
Taxes
Accrued Interest
Due from Other Governments
Due from Other Funds
Land Held for Resale
Restricted Assets:

Cash and Investments
Cash and Investments with
Fiscal Agents
Total Assets

LIABILITIES
Accounts Payable
Unearned Revenues
Due to Other Funds
Total Liabilities

DEFERRED INFLOWS OF

RESOURCES
Unavailable Revenues

FUND BALANCES (DEFICITS)
Restricted:

Public Safety
Capital Projects
Debt Service
Education
Affordable Housing
Air Quality Projects
Unassigned
Total Fund Balances (Deficits)
Total Liabilities, Deferred
Inflow of Resources, and
Fund Balances
Special Revenue Funds
Host
Air Drug/Gang City Storm Local New
Quality Intervention Fees Water Transportation Facilities 830,626$ 16,374 $ 1,208,286 $ 530,669 $ 4,256,336 $ 703,913 $ -
- -
-
24,404 -
-
- -
10,467 -
-
9,186
174 13,234 6,108 49,398 7,714 17,320 - 49,580 -
350,217
-
-
- - -
- -
-
- - -
- -
-
- -
-
-
-
-
- -
-
-
-
857,132$ 16,548$ 1,271,100$ 547,244$ 4,680,355$ 711,627$ -$
-$
66,387$ 30,644$ 71,580$ 21,420$ -
- -
-
-
-
-
- -
-
-
-
-
- 66,387 30,644 71,580 21,420 -
- -
-
125,238 -
-
16,548 -
-
-
-
-
- 1,204,713 516,600 4,483,537 690,207 -
- -
-
-
-
-
- -
-
-
-
-
- -
-
-
-
857,132 - -
-
-
-
-
- -
-
-
-
857,132 16,548 1,204,713 516,600 4,483,537 690,207 857,132$ 16,548$ 1,271,100$ 547,244$ 4,680,355$ 711,627$

CITY OF COLTON, CALIFORNIA

COMBINING BALANCE SHEET (CONTINUED)

OTHER GOVERNMENTAL FUNDS
JUNE 30, 2025
(108)

ASSETS
Cash and Investments
Receivables:

Accounts
Taxes
Accrued Interest
Due from Other Governments
Due from Other Funds
Land Held for Resale
Restricted Assets:

Cash and Investments
Cash and Investments with
Fiscal Agents
Total Assets

LIABILITIES
Accounts Payable
Unearned Revenues
Due to Other Funds
Total Liabilities

DEFERRED INFLOWS OF

RESOURCES
Unavailable Revenues

FUND BALANCES (DEFICITS)
Restricted:

Public Safety
Capital Projects
Debt Service
Education
Affordable Housing
Air Quality Projects
Unassigned
Total Fund Balances (Deficits)
Total Liabilities, Deferred
Inflow of Resources, and
Fund Balances
Civic Center Fire Facility Police Facility
Development Development Development Miscellaneous Housing Fee Fee Fee ViTep Grants Authority
164,107$ 391,463 $ 363,526 $ 405,425 $ 14,386 $ 929,277 $ -
-
-
-
1,391,393 -
-
-
-
-
-
-
1,813
4,336 4,234 4,469 7,320 11,133
-
-
-
-
1,274,616 -
-
-
-
-
-
-
-
-
-
-
-
84,131
-
-
-
-
-
-
-
-
-
-
-
-
165,920$
395,799$ 367,760$ 409,894$ 2,687,715$ 1,024,541$ -$
-$
87$
-$
231,231$ -$
-
-
-
-
1,705,812 -
-
-
-
-
-
-
-
-
87 -
1,937,043
-
- - - - 2,267,822 -
-
-
-
409,894 -
-
165,920
395,799 367,673 -
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
1,024,541
-
-
-
-
-
-
-
-
-
-
(1,517,150) -
165,920
395,799 367,673 409,894 (1,517,150) 1,024,541 165,920$ 395,799$ 367,760$ 409,894$ 2,687,715$ 1,024,541$ Special Revenue Funds

CITY OF COLTON, CALIFORNIA

COMBINING BALANCE SHEET (CONTINUED)

OTHER GOVERNMENTAL FUNDS
JUNE 30, 2025

(109)

ASSETS
Cash and Investments
Receivables:

Accounts
Taxes
Accrued Interest
Due from Other Governments
Due from Other Funds
Land Held for Resale
Restricted Assets:

Cash and Investments
Cash and Investments with
Fiscal Agents
Total Assets

LIABILITIES
Accounts Payable
Unearned Revenues
Due to Other Funds
Total Liabilities

DEFERRED INFLOWS OF

RESOURCES
Unavailable Revenues

FUND BALANCES (DEFICITS)
Restricted:

Public Safety
Capital Projects
Debt Service
Education
Affordable Housing
Air Quality Projects
Unassigned
Total Fund Balances (Deficits)
Total Liabilities, Deferred
Inflow of Resources, and
Fund Balances
Debt Service Funds Capital Projects Funds
Taxable Total
Public Pension Other
Financing Funding Development Colton Governmental
Authority Bonds Fees Crossing Funds
202,044$ 239,275 $ 16,262,915$ 833,888 $ 31,769,690$ - - - - 1,459,215 - - - - 268,979 2,235 442 180,309 9,259 360,977 - - - - 2,086,685 - - - - 8,236 - - - - 84,131 - - - - 70,658 934,362 2,189,844 - - 3,124,206 1,138,641$ 2,429,561 $ 16,443,224 $ 843,147 $ 39,232,777$ -$ - $ 340,605$ - $ 1,335,577$ - - - - 2,151,623 - - - - 38,852 - - 340,605 - 3,526,052 - - - - 2,461,645 - - - - 968,672 - - 16,102,619 843,147 27,681,602 1,138,641 2,429,561 - - 3,568,202 - - - - 733,715 - - - - 1,024,541 - - - - 857,132 - - - - (1,588,784) 1,138,641 2,429,561 16,102,619 843,147 33,245,080 1,138,641$ 2,429,561 $ 16,443,224 $ 843,147 $ 39,232,777$

CITY OF COLTON, CALIFORNIA

COMBINING STATEMENT OF REVENUES, EXPENDITURES, AND

CHANGES IN FUND BALANCES

OTHER GOVERNMENTAL FUNDS
YEAR ENDED JUNE 30, 2025
(110)

Special Revenue Funds
Community
Community D
evelopment State
Child Library Block Traffic Asset
Gas Tax Care Grant Grant Relief Seizure

REVENUES
Taxes -$
-$
-$
-$
-$
-$
I
ntergovernmental 1,500,909
2,054,420 54,194 822,834 1,466,980 - C
harges for Services -
35,005
-
-
-
-
I
nvestment Income 24,627 60,711
271
-
107,828
24,377
Fines and Forfeitures -
- -
-
-
63,203
M
iscellaneous -
39,870
-
-
-
-
Total Revenues 1,525,536 2,190,006 54,465 822,834 1,574,808 87,580

EXPENDITURES
Current:

General Government -
- -
-
-
-
P
ublic Safety -
- -
-
-
-
C
ommunity Services -
1,708,004
63,842 -
-
-
P
ublic Works 1,197,334 - -
-
-
-
Capital Outlay
-
163,925 -
755,896
1,497,798 -
D
ebt Service:

Principal Retirement -
- -
-
-
-
I
nterest and Fiscal Charges - - - - - -
T
otal Expenditures 1,197,334 1,871,929 63,842 755,896 1,497,798 -

EXCESS O

F REVENUES OVER
(UNDER) EXPENDITURES 328,202 318,077 (9,377) 66,938 77,010 87,580

OTHER FINANCING SOURCES
(USES)
Transfers In -
- 19,543 -
-
-
T
ransfers Out (23,447) (26,511) - (59,094) - - T
otal Other Financing
Sources (Uses) (23,447) (26,511) 19,543 (59,094) - -
NET

CHANGE IN FUND
BALANCES 304,755 291,566 10,166 7,844 77,010 87,580
Fund Balances (Deficits) -
Beginning of Year 555,086 422,607 9,376

(79,478) 1,974,536 454,650

FUND BALANCES (DEFICITS) -
END OF YEAR 859,841$ 714,173$ 19,542$ (71,634)$ 2,051,546$ 542,230$

CITY OF COLTON, CALIFORNIA

COMBINING STATEMENT OF REVENUES, EXPENDITURES, AND

CHANGES IN FUND BALANCES (CONTINUED)

OTHER GOVERNMENTAL FUNDS
YEAR ENDED JUNE 30, 2025

(111)

REVENUES
Taxes
Intergovernmental
Charges for Services
Investment Income
Fines and Forfeitures
Miscellaneous
Total Revenues

EXPENDITURES
Current:

General Government
Public Safety
Community Services
Public Works
Capital Outlay
Debt Service:

Principal Retirement
Interest and Fiscal Charges
Total Expenditures

EXCESS OF REVENUES OVER
(UNDER) EXPENDITURES

OTHER FINANCING SOURCES
(USES)
Transfers In
Transfers Out
Total Other Financing
Sources (Uses)

NET CHANGE IN FUND

BALANCES
Fund Balances (Deficits) -
Beginning of Year

FUND BALANCES (DEFICITS) -

END OF YEAR
Special Revenue Funds
Host
Air Drug/Gang City Storm Local New
Quality Intervention Fees Water Transportation Facilities -$ - $ - $ 652,151$ - $ - $ 69,861 - 395,543 - 1,254,455 - - - - - - 117,174 39,068 775 70,948 25,736 228,808 31,792 - - - - - - - - - - - - 108,929 775 466,491 677,887 1,483,263 148,966 - - - - - - - - - - - - - - - - - - - - - 754,740 - - 5,583 - 808,409 98,700 1,663,979 - - - - - - - - - - - - - 5,583 - 808,409 853,440 1,663,979 - 103,346 775 (341,918) (175,553) (180,716) 148,966 - - - - - - - - - (17,318) (177,353) - - - - (17,318) (177,353) - 103,346 775 (341,918) (192,871) (358,069) 148,966 753,786 15,773 1,546,631 709,471 4,841,606 541,241 857,132$ 16,548 $ 1,204,713 $ 516,600 $ 4,483,537 $ 690,207 $

CITY OF COLTON, CALIFORNIA

COMBINING STATEMENT OF REVENUES, EXPENDITURES, AND

CHANGES IN FUND BALANCES (CONTINUED)

OTHER GOVERNMENTAL FUNDS
YEAR ENDED JUNE 30, 2025
(112)

REVENUES
Taxes
Intergovernmental
Charges for Services
Investment Income
Fines and Forfeitures
Miscellaneous
Total Revenues

EXPENDITURES
Current:

General Government
Public Safety
Community Services
Public Works
Capital Outlay
Debt Service:

Principal Retirement
Interest and Fiscal Charges
Total Expenditures

EXCESS OF REVENUES OVER
(UNDER) EXPENDITURES

OTHER FINANCING SOURCES
(USES)
Transfers In
Transfers Out
Total Other Financing
Sources (Uses)

NET CHANGE IN FUND

BALANCES
Fund Balances (Deficits) -
Beginning of Year

FUND BALANCES (DEFICITS) -

END OF YEAR
Civic Center Fire Facility Police Facility
Development Development Development Miscellaneous Housing Fee Fee Fee ViTep Grants Authority
-$
-$
-$
-$
-$
-$
-
-
-
- 1,696,725 -
7,653
1,395
748
35,950 -
-
7,808
18,919 21,907 18,997 47,401 174,222 -
-
-
- -
-
-
-
-
- -
-
15,461
20,314 22,655 54,947 1,744,126 174,222 -
-
-
- 2,478
-
-
-
-
- 560,563 -
-
-
-
- -
-
-
-
140,679
- -
-
-
-
- - 937,246 -
-
-
-
- -
-
-
-
-
- -
126,500
- - 140,679 - 1,500,287 126,500
15,461 20,314 (118,024) 54,947 243,839 47,722 -
-
-
- -
-
-
-
-
- (1,156,293) -
-
-
-
- (1,156,293) -
15,461
20,314 (118,024) 54,947 (912,454) 47,722 150,459 375,485 485,697 354,947 (604,696) 976,819 165,920$ 395,799$ 367,673$ 409,894$ (1,517,150)$ 1,024,541$ Special Revenue Funds

CITY OF COLTON, CALIFORNIA

COMBINING STATEMENT OF REVENUES, EXPENDITURES, AND

CHANGES IN FUND BALANCES (CONTINUED)

OTHER GOVERNMENTAL FUNDS
YEAR ENDED JUNE 30, 2025

(113)

REVENUES
Taxes
Intergovernmental
Charges for Services
Investment Income
Fines and Forfeitures
Miscellaneous
Total Revenues

EXPENDITURES
Current:

General Government
Public Safety
Community Services
Public Works
Capital Outlay
Debt Service:

Principal Retirement
Interest and Fiscal Charges
Total Expenditures

EXCESS OF REVENUES OVER
(UNDER) EXPENDITURES

OTHER FINANCING SOURCES
(USES)
Transfers In
Transfers Out
Total Other Financing
Sources (Uses)

NET CHANGE IN FUND

BALANCES
Fund Balances (Deficits) -
Beginning of Year

FUND BALANCES (DEFICITS) -

END OF YEAR
Debt Service Funds
Taxable Total
Public Pension Other
Financing Funding Development Colton Governmental
Authority Bonds Fees Crossing Funds
-$ - $ - $ - $ 652,151$ - - - - 9,315,921 - - 830,842 - 1,028,767 48,012 90,732 787,105 40,374 1,870,418 - - - - 63,203 - 3,731 75,530 - 119,131 48,012 94,463 1,693,477 40,374 13,049,591

5,090 3,240 - - 10,808 - - - - 560,563 - - - - 1,771,846 - - 12,556 - 2,105,309 - - 775,802 3,385 6,710,723 605,000 1,660,000 - - 2,265,000 292,045 605,024 - - 1,023,569 902,135 2,268,264 788,358 3,385 14,447,818 (854,123) (2,173,801) 905,119 36,989 (1,398,227) 897,045 2,387,157 - - 3,303,745 - - (66,920) - (1,526,936) 897,045 2,387,157 (66,920) - 1,776,809 42,922 213,356 838,199 36,989 378,582 1,095,719 2,216,205 15,264,420 806,158 32,866,498 1,138,641$ 2,429,561 $ 16,102,619 $ 843,147 $ 33,245,080 $ Capital Projects Funds

CITY OF COLTON, CALIFORNIA

SCHEDULE OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCE

BUDGET AND ACTUAL

GAS TAX SPECIAL REVENUE FUND
YEAR ENDED JUNE 30, 2025
(114)

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

BUDGETARY FUND BALANCE - BEGINNING
OF YEAR 555,086$ 555,086 $ 555,086 $ - $

RESOURCES (INFLOWS)
Intergovernmental 1,483,235
1,483,235 1,500,909 17,674
Investment Income 4,130
11,230 24,627 13,397
Amounts Available for
Appropriations 2,042,451 2,049,551 2,080,622 31,071

CHARGES TO APPROPRIATIONS
(OUTFLOWS)
Current:

Public Works 1,269,449 1,353,024 1,197,334 155,690 Transfers Out 23,447 23,447 23,447 - Total Charges to Appropriations 1,292,896 1,376,471 1,220,781 155,690

BUDGETARY FUND BALANCE - END
OF YEAR 749,555$ 673,080$ 859,841$ 186,761$

CITY OF COLTON, CALIFORNIA

SCHEDULE OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCE

BUDGET AND ACTUAL

COMMUNITY CHILD CARE SPECIAL REVENUE FUND
YEAR ENDED JUNE 30, 2025

(115)

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

BUDGETARY FUND BALANCE - BEGINNING
OF YEAR 422,607$ 422,607 $ 422,607 $ - $

RESOURCES (INFLOWS)
Intergovernmental 1,787,288 1,795,040 2,054,420 259,380 Charges for Services 32,500 32,500 35,005 2,505 Investment Income 23,600 33,800 60,711 26,911 Miscellaneous - 10,800 39,870 29,070 Amounts Available for
Appropriations 2,265,995 2,294,747 2,612,613 317,866

CHARGES TO APPROPRIATIONS
(OUTFLOWS)
Current:

Community Services 1,787,758 2,107,755 1,708,004 399,751 Capital Outlay 43,780 117,955 163,925 (45,970) Transfers Out 26,511 26,511 26,511 - Total Charges to Appropriations 1,858,049 2,252,221 1,898,440 353,781

BUDGETARY FUND BALANCE (DEFICIT) -
END OF YEAR 407,946$ 42,526 $ 714,173 $ 671,647 $

CITY OF COLTON, CALIFORNIA

SCHEDULE OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCE

BUDGET AND ACTUAL

LIBRARY GRANT SPECIAL REVENUE FUND
YEAR ENDED JUNE 30, 2025

(116)

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

BUDGETARY FUND BALANCE - BEGINNING
OF YEAR 9,376$ 9,376 $ 9,376 $ - $

RESOURCES (INFLOWS)
Intergovernmental 50,000 50,000 54,194 4,194 Investment Income 310 10 271 261 Transfers In 19,543 19,543 19,543 - Amounts Available for
Appropriations 79,229 78,929 83,384 4,455

CHARGES TO APPROPRIATIONS
(OUTFLOWS)
Current:

Community Services 69,543 76,978 63,842 13,136

BUDGETARY FUND BALANCE - END
OF YEAR 9,686$ 1,951 $ 19,542 $ 17,591 $

CITY OF COLTON, CALIFORNIA

SCHEDULE OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCE

BUDGET AND ACTUAL

COMMUNITY DEVELOPMENT BLOCK GRANT SPECIAL REVENUE FUND
YEAR ENDED JUNE 30, 2025
(117)

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

BUDGETARY FUND BALANCE (DEFICIT) -
BEGINNING OF YEAR (79,478)$ (79,478) $ (79,478) $ - $

RESOURCES (INFLOWS)
Intergovernmental 396,950
1,173,674 822,834 (350,840)
Amounts Available for
Appropriations 317,472 1,094,196 743,356 (350,840)

CHARGES TO APPROPRIATIONS
(OUTFLOWS)
Capital Outlay 337,407 1,093,303 755,896 337,407 Transfers Out 59,543 59,543 59,094 449 T
otal Charges to Appropriations 396,950 1,152,846 814,990 337,856

BUDGETARY FUND BALANCE (DEFICIT) -
END OF YEAR (79,478)$ (58,650)$ (71,634)$ (12,984)$

CITY OF COLTON, CALIFORNIA

SCHEDULE OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCE

BUDGET AND ACTUAL

STATE TRAFFIC RELIEF SPECIAL REVENUE FUND
YEAR ENDED JUNE 30, 2025

(118)

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

BUDGETARY FUND BALANCE - BEGINNING
OF YEAR 1,974,536$ 1,974,536 $ 1,974,536 $ - $

RESOURCES (INFLOWS)
Intergovernmental 1,377,432 1,377,432 1,466,980 89,548 Investment Income 66,400 69,900 107,828 37,928 Amounts Available for
Appropriations 3,418,368 3,421,868 3,549,344 127,476

CHARGES TO APPROPRIATIONS
(OUTFLOWS)
Capital Outlay 1,377,432 2,603,318 1,497,798 1,105,520

BUDGETARY FUND BALANCE - END
OF YEAR 2,040,936$ 818,550 $ 2,051,546 $ 1,232,996 $

CITY OF COLTON, CALIFORNIA

SCHEDULE OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCE

BUDGET AND ACTUAL

ASSET SEIZURE SPECIAL REVENUE FUND
YEAR ENDED JUNE 30, 2025
(119)

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

BUDGETARY FUND BALANCE - BEGINNING
OF YEAR 454,650$ 454,650 $ 454,650 $ - $

RESOURCES (INFLOWS)
Inv
estment Income 12,500 16,100 24,377 8,277 Fines and Forfeitures
- - 63,203 63,203
Amounts Available for
Appropriations 467,150 470,750 542,230 71,480

BUDGETARY FUND BALANCE - END
OF YEAR 467,150$ 470,750$ 542,230$ 71,480$

CITY OF COLTON, CALIFORNIA

SCHEDULE OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCE

BUDGET AND ACTUAL

AIR QUALITY SPECIAL REVENUE FUND
YEAR ENDED JUNE 30, 2025
(120)

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

BUDGETARY FUND BALANCE - BEGINNING
OF YEAR 753,786$ 753,786 $ 753,786 $ - $

RESOURCES (INFLOWS)
Intergovernmental 50,000
50,000 69,861 19,861
Investment Income 24,750 26,450 39,068 12,618 Amounts Available for
Appropriations 828,536 830,236 862,715 32,479

CHARGES TO APPROPRIATIONS
(OUTFLOWS)
Capital Outlay 50,000 262,250 5,583

256,667

BUDGETARY FUND BALANCE - END
OF YEAR 778,536$ 567,986$ 857,132$ 289,146$

CITY OF COLTON, CALIFORNIA

SCHEDULE OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCE

BUDGET AND ACTUAL

DRUG/GANG INTERVENTION SPECIAL REVENUE FUND
YEAR ENDED JUNE 30, 2025

(121)

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

BUDGETARY FUND BALANCE - BEGINNING
OF YEAR 15,773$ 15,773 $ 15,773 $ - $

RESOURCES (INFLOWS)
Investment Income 480 480 775 295 Amounts Available for
Appropriations 16,253 16,253 16,548 295

BUDGETARY FUND BALANCE - END
OF YEAR 16,253$ 16,253 $ 16,548 $ 295 $

CITY OF COLTON, CALIFORNIA

SCHEDULE OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCE

BUDGET AND ACTUAL

HOST CITY FEES SPECIAL REVENUE FUND
YEAR ENDED JUNE 30, 2025

(122)

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

BUDGETARY FUND BALANCE - BEGINNING
OF YEAR 1,546,631$ 1,546,631 $ 1,546,631 $ - $

RESOURCES (INFLOWS)
Intergovernmental 460,860 460,860 395,543 (65,317) Investment Income 61,000 54,700 70,948 16,248 Amounts Available for
Appropriations 2,068,491 2,062,191 2,013,122 (49,069)

CHARGES TO APPROPRIATIONS
(OUTFLOWS)
Capital Outlay 453,026 1,712,981 808,409 904,572

BUDGETARY FUND BALANCE - END
OF YEAR 1,615,465$ 349,210 $ 1,204,713 $ 855,503 $

CITY OF COLTON, CALIFORNIA

SCHEDULE OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCE

BUDGET AND ACTUAL

STORM WATER SPECIAL REVENUE FUND
YEAR ENDED JUNE 30, 2025

(123)

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

BUDGETARY FUND BALANCE - BEGINNING
OF YEAR 709,471$ 709,471 $ 709,471 $ - $

RESOURCES (INFLOWS)
Taxes 650,019 650,019 652,151 2,132 Investment Income 32,000 19,800 25,736 5,936 Amounts Available for
Appropriations 1,391,490 1,379,290 1,387,358 8,068

CHARGES TO APPROPRIATIONS
(OUTFLOWS)
Current:

Public Works 916,696 827,537 754,740 72,797 Capital Outlay - 242,202 98,700 143,502 Transfers Out 17,318 17,318 17,318 - Total Charges to Appropriations 934,014 1,087,057 870,758 216,299

BUDGETARY FUND BALANCE - END
OF YEAR 457,476$ 292,233 $ 516,600 $ 224,367 $

CITY OF COLTON, CALIFORNIA

SCHEDULE OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCE

BUDGET AND ACTUAL

LOCAL TRANSPORTATION SPECIAL REVENUE FUND
YEAR ENDED JUNE 30, 2025

(124)

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

BUDGETARY FUND BALANCE - BEGINNING
OF YEAR 4,841,606$ 4,841,606 $ 4,841,606 $ - $

RESOURCES (INFLOWS)
Intergovernmental 1,387,290 1,387,290 1,254,455 (132,835) Investment Income 146,000 146,100 228,808 82,708 Amounts Available for
Appropriations 6,374,896 6,374,996 6,324,869 (50,127)

CHARGES TO APPROPRIATIONS
(OUTFLOWS)
Capital Outlay 1,387,290 3,080,820 1,663,979 1,416,841 Transfers Out - 1,063,077 177,353 885,724 Total Charges to Appropriations 1,387,290 4,143,897 1,841,332 2,302,565

BUDGETARY FUND BALANCE - END
OF YEAR 4,987,606$ 2,231,099 $ 4,483,537 $ 2,252,438 $

CITY OF COLTON, CALIFORNIA

SCHEDULE OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCE

BUDGET AND ACTUAL

NEW FACILITIES SPECIAL REVENUE FUND
YEAR ENDED JUNE 30, 2025

(125)

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

BUDGETARY FUND BALANCE - BEGINNING
OF YEAR 541,241$ 541,241 $ 541,241 $ - $

RESOURCES (INFLOWS)
Charges for Services 65,000 113,887 117,174 3,287 Investment Income 15,550 20,050 31,792 11,742 Amounts Available for
Appropriations 621,791 675,178 690,207 15,029

BUDGETARY FUND BALANCE - END
OF YEAR 621,791$ 675,178 $ 690,207 $ 15,029 $

CITY OF COLTON, CALIFORNIA

SCHEDULE OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCE

BUDGET AND ACTUAL

CIVIC CENTER DEVELOPMENT FEE SPECIAL REVENUE FUND
YEAR ENDED JUNE 30, 2025
(126)

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

BUDGETARY FUND BALANCE - BEGINNING
OF YEAR 150,459$ 150,459 $ 150,459 $ - $

RESOURCES (INFLOWS)
C
harges for Services - - 7,653
7,653
Inv
estment Income 4,500
5,300
7,808
2,508
Amounts Av
ailable for
Appropriations 154,959 155,759 165,920 10,161

BUDGETARY FUND BALANCE - END
OF YEAR 154,959$ 155,759$ 165,920$ 10,161$

CITY OF COLTON, CALIFORNIA

SCHEDULE OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCE

BUDGET AND ACTUAL

FIRE FACILITY DEVELOPMENT FEE SPECIAL REVENUE FUND
YEAR ENDED JUNE 30, 2025

(127)

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

BUDGETARY FUND BALANCE - BEGINNING
OF YEAR 375,485$ 375,485 $ 375,485 $ - $

RESOURCES (INFLOWS)
Charges for Services - - 1,395 1,395 Investment Income 11,500 13,200 18,919 5,719 Amounts Available for
Appropriations 386,985 388,685 395,799 7,114

BUDGETARY FUND BALANCE - END
OF YEAR 386,985$ 388,685 $ 395,799 $ 7,114 $

CITY OF COLTON, CALIFORNIA

SCHEDULE OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCE

BUDGET AND ACTUAL

POLICE FACILITY DEVELOPMENT FEE SPECIAL REVENUE FUND
YEAR ENDED JUNE 30, 2025

(128)

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

BUDGETARY FUND BALANCE - BEGINNING
OF YEAR 485,697$ 485,697 $ 485,697 $ - $

RESOURCES (INFLOWS)
Charges for Services - - 748 748 Investment Income 14,800 17,000 21,907 4,907 Amounts Available for
Appropriations 500,497 502,697 508,352 5,655

CHARGES TO APPROPRIATIONS
(OUTFLOWS)
Current:

Public Works - 140,000 140,679 (679)

BUDGETARY FUND BALANCE - END
OF YEAR 500,497$ 362,697 $ 367,673 $ 4,976 $

CITY OF COLTON, CALIFORNIA

SCHEDULE OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCE

BUDGET AND ACTUAL
ViTEP SPECIAL REVENUE FUND
YEAR ENDED JUNE 30, 2025

(129)

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

BUDGETARY FUND BALANCE - BEGINNING
OF YEAR 354,947$ 354,947 $ 354,947 $ - $

RESOURCES (INFLOWS)
Charges for Services - - 35,950 35,950 Investment Income 9,900 12,700 18,997 6,297 Amounts Available for
Appropriations 364,847 367,647 409,894 42,247

BUDGETARY FUND BALANCE - END
OF YEAR 364,847$ 367,647 $ 409,894 $ 42,247 $

CITY OF COLTON, CALIFORNIA

SCHEDULE OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCE

BUDGET AND ACTUAL

MISCELLANEOUS GRANTS SPECIAL REVENUE FUND
YEAR ENDED JUNE 30, 2025

(130)

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

BUDGETARY FUND BALANCE (DEFICIT) -
BEGINNING OF YEAR (604,696)$ (604,696) $ (604,696) $ - $

RESOURCES (INFLOWS)
Intergovernmental 133,000 36,048,068 1,696,725 (34,351,343) Investment Income 9,700 36,600 47,401 10,801 Amounts Available for
Appropriations (461,996) 35,479,972 1,139,430 (34,340,542)

CHARGES TO APPROPRIATIONS
(OUTFLOWS)
Current:

General Government - 1,166,851 2,478 1,164,373 Public Safety 13,000 3,005,447 560,563 2,444,884 Capital Outlay - 27,949,117 937,246 27,011,871 Transfers Out - 2,824,657 1,156,293 1,668,364 Total Charges to Appropriations 13,000 34,946,072 2,656,580 32,289,492

BUDGETARY FUND BALANCE (DEFICIT) -
END OF YEAR (474,996)$ 533,900 $ (1,517,150)$ (2,051,050) $

CITY OF COLTON, CALIFORNIA

SCHEDULE OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCE

BUDGET AND ACTUAL

HOUSING AUTHORITY SPECIAL REVENUE FUND
YEAR ENDED JUNE 30, 2025

(131)

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

BUDGETARY FUND BALANCE - BEGINNING
OF YEAR 976,819$ 976,819 $ 976,819 $ - $

RESOURCES (INFLOWS)
Investment Income 27,700 32,200 174,222 142,022 Amounts Available for
Appropriations 1,004,519 1,009,019 1,151,041 142,022

CHARGES TO APPROPRIATIONS
(OUTFLOWS)
Debt Service:

Interest and Fiscal Charges - - 126,500 (126,500)

BUDGETARY FUND BALANCE - END
OF YEAR 1,004,519$ 1,009,019 $ 1,024,541 $ 15,522 $

CITY OF COLTON, CALIFORNIA

SCHEDULE OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCE

BUDGET AND ACTUAL

PUBLIC FINANCING AUTHORITY DEBT SERVICE FUND
YEAR ENDED JUNE 30, 2025
(132)

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

BUDGETARY FUND BALANCE - BEGINNING
OF YEAR 1,095,719$ 1,095,719 $ 1,095,719 $ - $

RESOURCES (INFLOWS)
Inv
estment Income 70,350 44,650 48,012 3,362 T
ransfers In 897,045 897,045 897,045 - Amounts Available for
Appropriations 2,063,114 2,037,414 2,040,776 3,362 CHA

RGES TO APPROPRIATIONS
(OUTFLOWS)
Current:

General Government 5,162
5,162
5,090
72 D
ebt Service:

Principal Retirement 605,000 605,000 605,000 - Interest and Fiscal Charges 292,045 292,045 292,045 - Total Charges to Appropriations 902,207 902,207 902,135 72

BUDGETA

RY FUND BALANCE - END
OF YEAR 1,160,907$ 1,135,207$ 1,138,641$ 3,434$

CITY OF COLTON, CALIFORNIA

SCHEDULE OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCE

BUDGET AND ACTUAL

TAXABLE PENSION FUNDING BONDS DEBT SERVICE FUND
YEAR ENDED JUNE 30, 2025
(133)

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

BUDGETARY FUND BALANCE - BEGINNING
OF YEAR 2,216,205$ 2,216,205 $ 2,216,205 $ - $

RESOURCES (INFLOWS)
Inv
estment Income 143,000 101,600 90,732 (10,868) Miscellaneous - - 3,731
3,731
T
ransfers In 2,390,888 2,390,888 2,387,157 (3,731) Amounts Available for
Appropriations 4,750,093 4,708,693 4,697,825 (10,868)

CHARGES TO APPROPRIATIONS
(OUTFLOWS)
Current:

General Government 3,212

3,212
3,240
(28)
Debt Service:

Principal Retirement 1,660,000 1,660,000 1,660,000 - Interest and Fiscal Charges 605,024 605,024 605,024 - Total Charges to Appropriations 2,268,236 2,268,236 2,268,264 (28)

BUDGETARY FUND BALANCE - END
OF YEAR 2,481,857$ 2,440,457$ 2,429,561$ (10,896)$

CITY OF COLTON, CALIFORNIA

SCHEDULE OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCE

BUDGET AND ACTUAL

CAPITAL IMPROVEMENTS CAPITAL PROJECTS FUND
YEAR ENDED JUNE 30, 2025

(134)

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

BUDGETARY FUND BALANCE - BEGINNING
OF YEAR 654,425$ 654,425 $ 654,425 $ - $

RESOURCES (INFLOWS)
Intergovernmental 6,000,000 6,000,000 155,435 (5,844,565) Investment Income (Loss) 175,600 373,600 535,615 162,015 Transfers In - 4,259,624 1,398,031 (2,861,593) Amounts Available for
Appropriations 6,830,025 11,287,649 2,743,506 (8,544,143)

CHARGES TO APPROPRIATIONS
(OUTFLOWS)
Capital Outlay 10,000,000 14,819,227 1,480,519 13,338,708

BUDGETARY FUND BALANCE - END
OF YEAR (3,169,975)$ (3,531,578) $ 1,262,987 $ 4,794,565 $

CITY OF COLTON, CALIFORNIA

SCHEDULE OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCE

BUDGET AND ACTUAL

DEVELOPMENT FEES CAPITAL PROJECTS FUND
YEAR ENDED JUNE 30, 2025

(135)

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

BUDGETARY FUND BALANCE - BEGINNING
OF YEAR 15,264,420$ 15,264,420 $ 15,264,420 $ - $

RESOURCES (INFLOWS)
Charges for Services 1,050,000 1,050,000 830,842 (219,158) Investment Income 472,100 549,500 787,105 237,605 Miscellaneous 75,000 75,000 75,530 530 Amounts Available for
Appropriations 17,106,520 17,183,920 16,957,897 (226,023)

CHARGES TO APPROPRIATIONS
(OUTFLOWS)
Current:

Public Works - 23,920 12,556 11,364 Capital Outlay 250,000 8,068,233 775,802 7,292,431 Transfers Out - 730,837 66,920 663,917 Total Charges to Appropriations 250,000 8,822,990 855,278 7,967,712

BUDGETARY FUND BALANCE - END
OF YEAR 16,856,520$ 8,360,930 $ 16,102,619 $ 7,741,689 $

CITY OF COLTON, CALIFORNIA

SCHEDULE OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCE

BUDGET AND ACTUAL

COLTON CROSSING CAPITAL PROJECTS FUND
YEAR ENDED JUNE 30, 2025

(136)

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

BUDGETARY FUND BALANCE - BEGINNING
OF YEAR 806,158$ 806,158 $ 806,158 $ - $

RESOURCES (INFLOWS)
Investment Income 25,500 28,200 40,374 12,174 Amounts Available for
Appropriations 831,658 834,358 846,532 12,174

CHARGES TO APPROPRIATIONS
(OUTFLOWS)
Capital Outlay - 3,561 3,385 176

BUDGETARY FUND BALANCE - END
OF YEAR 831,658$ 830,797 $ 843,147 $ 12,350 $

CITY OF COLTON, CALIFORNIA

INTERNAL SERVICE FUNDS
JUNE 30, 2025

(137)

Internal Service Funds. Finance and account for goods and services provided by one City department to other City departments, or to other governm ents, on a cost-reimbursement basis, including depreciation. The City used the following Internal Service Funds:

Facility and Equipment Maintenance Fund – To account for the City’s buildings maintenance and utilities costs.

Information Services Fund – To account for the City’s information services.

Insurance Fund – To account for the City’s liabilities for claims and judgments.

Automotive Shop Fund – To account for the City’s fleet maintenance and replacement.

CITY OF COLTON, CALIFORNIA

COMBINING STATEMENT OF NET POSITION

INTERNAL SERVICE FUNDS
JUNE 30, 2025

(138)

Governmental Activities - Internal Service Funds
Facility and
Equipment Information Automotive
Maintenance Services Insurance Shop Total
ASSETS
Current Assets:

Cash and Investments 1,461,419 $ 1,424,364 $ 17,677,214 $ 3,156,499 $ 23,719,496 $ Receivables:

Accounts - - 7,484 - 7,484 Accrued Interest 17,054 16,499 168,747 35,066 237,366 Total Current Assets 1,478,473 1,440,863 17,853,445 3,191,565 23,964,346 Capital Assets:

Capital Assets, Not Being Depreciated 410,613 - - 113,957 524,570 Capital Assets, Net of
Accumulated Depreciation 1,588,282 326,199 - 247,108 2,161,589 Net Capital Assets 1,998,895 326,199 - 361,065 2,686,159 Total Assets 3,477,368 1,767,062 17,853,445 3,552,630 26,650,505

LIABILITIES
Current Liabilities:

Accounts Payable 141,702 87,678 40,172 83,708 353,260 Accrued Compensated Absences 23,182 28,091 - 17,417 68,690 Accrued Claims and Judgments - - 2,268,680 - 2,268,680 Total Current Liabilities 164,884 115,769 2,308,852 101,125 2,690,630 Noncurrent Liabilities:

Accrued Compensated Absences 7,963 32,619 - 538 41,120 Accrued Claims and Judgments - - 4,606,109 - 4,606,109 Total Noncurrent Liabilities 7,963 32,619 4,606,109 538 4,647,229 Total Liabilities 172,847 148,388 6,914,961 101,663 7,337,859

NET POSITION
Net Investment In Capital Assets 1,936,603 326,100 - 321,947 2,584,650 Unrestricted 1,367,918 1,292,574 10,938,484 3,129,020 16,727,996 Total Net Position 3,304,521 $ 1,618,674 $ 10,938,484 $ 3,450,967 $ 19,312,646 $

CITY OF COLTON, CALIFORNIA

COMBINING STATEMENT OF REVENUES, EXPENSES, AND CHANGES IN NET POSITION

INTERNAL SERVICE FUNDS
YEAR ENDED JUNE 30, 2025

(139)

Governmental Activities - Internal Service Funds
Facility and
Equipment Information Automotive
Maintenance Services Insurance Shop Total

OPERATING REVENUES
Sales and Service Charges 1,504,086 $ 1,160,211 $ 9,542,003 $ 779,927 $ 12,986,227 $ Miscellaneous - - - 684 684 Total Operating Revenues 1,504,086 1,160,211 9,542,003 780,611 12,986,911

OPERATING EXPENSES
Salaries and Benefits 637,658 541,668 479,768 312,365 1,971,459 Maintenance and Operations 639,104 585,006 3,488,265 329,634 5,042,009 Contractual Services 93,861 23,894 105,513 - 223,268 Claims and Benefits - - 2,533,554 - 2,533,554 Depreciation Expense 140,351 97,728 - 42,770 280,849 Total Operating Expenses 1,510,974 1,248,296 6,607,100 684,769 10,051,139 OPERATING INCOME (LOSS) (6,888) (88,085) 2,934,903 95,842 2,935,772

NONOPERATING EXPENSE
Net Investment Income 79,323 70,825 704,925 152,080 1,007,153 INCOME (LOSS) BEFORE TRANSFERS 72,435 (17,260) 3,639,828 247,922 3,942,925 TRANSFERS OUT (19,850) (20,782) (17,452) (14,654) (72,738) CHANGE IN NET POSITION 52,585 (38,042) 3,622,376 233,268 3,870,187 Net Position - Beginning of Year 3,251,936 1,656,716 7,316,108 3,217,699 15,442,459 NET POSITION - END OF YEAR 3,304,521$ 1,618,674 $ 10,938,484 $ 3,450,967 $ 19,312,646 $

CITY OF COLTON, CALIFORNIA

COMBINING STATEMENT OF CASH FLOWS

INTERNAL SERVICE FUNDS
YEAR ENDED JUNE 30, 2025
(140)

Governmental Activities - Internal Service Funds
Facility and
Equipment Information Automotive
Maintenance Services Insurance Shop Total

CASH FLOWS FROM OPERATING ACTIVITIES
Cash Received from Customers and Users 1,504,319 $ 1,160,211 $ 9,534,519 $ 780,610 $ 12,979,659$ Cash Paid to Suppliers for Goods and Services (989,276) (555,925) (5,591,700) (271,054) (7,407,955) Cash Paid to Employees for Services (633,375) (524,520) (479,768) (307,599) (1,945,262) Net Cash Provided (Used) by
Operating Activities (118,332) 79,766 3,463,051 201,957 3,626,442

CASH FLOWS FROM NONCAPITAL

FINANCING ACTIVITIES
Cash Paid to Other Funds (19,850) (20,782) (17,452) (14,654) (72,738) Net Cash Used by Noncapital
Financing Activities (19,850) (20,782) (17,452) (14,654) (72,738)

CASH FLOWS FROM CAPITAL AND

RELATED FINANCING ACTIVITIES
Acquisition and Construction of Capital Assets (438,905) - -

(109,836) (548,741)
Net Cash Used by Capital and
Related Financing Activities (438,905) - -

(109,836) (548,741)

CASH FLOWS FROM INVESTING ACTIVITIES
Interest Received 88,350 71,550 681,211 155,635 996,746 Net Cash Provided by
Investing Activities 88,350 71,550 681,211 155,635 996,746

NET CHANGE IN CASH AND CASH
EQUIVALENTS (488,737) 130,534 4,126,810 233,102 4,001,709 Cash and Cash Equivalents - Beginning of Year 1,950,156 1,293,830 13,550,404 2,923,397 19,717,787

CASH AND CASH EQUIVALENTS -
END OF YEAR 1,461,419$ 1,424,364$ 17,677,214$ 3,156,499$ 23,719,496$

RECONCILIATION OF OPERATING INCOME

(LOSS) TO NET CASH PROVIDED (USED)

BY OPERATING ACTIVITIES
Operating Income (Loss) (6,888) $ (88,085) $ 2,934,903 $ 95,842 $ 2,935,772$ Adjustments to Reconcile Operating Income (Loss)
to Net Cash Provided (Used) by Operating Activities:

Depreciation Expense 140,351 97,728 -

42,770
280,849
Changes in Assets and Liabilities:
(Increase) Decrease in Accounts Receivable 233
- (7,484)
- (7,251)
(I
ncrease) Decrease in Prepaid Assets - - 300
- 300
Increase (Decrease) in Accounts Payable (256,311) 52,975 (109,384) 58,579 (254,141) I
ncrease (Decrease) in Compensated Absences 4,283 17,148 - 4,766
26,197
Increase (Decrease) in Claims and Judgments - - 644,716 - 644,716 Net
Cash Provided (Used) by
Operating Activities (118,332)$ 79,766$ 3,463,051$ 201,957$ 3,626,442$

CITY OF COLTON, CALIFORNIA

CUSTODIAL FUNDS
JUNE 30, 2025

(141)

Custodial Funds. Are used to account for assets held by the City as an agent for individuals, private organizations, other governments and/or other funds. Custodial Funds operate as a clearing mechanism. Cash resources are collected, held for a brief period and then distributed to the proper recipients. The City has a fiduciary responsibility for the assets, which it does not own. The following are classified as custodial funds in the financial statements.

Assessment Districts Fund – To account for funds collected from Assessment Districts.

Evidence Fund – To account for monies seized by police as evidence.

CITY OF COLTON, CALIFORNIA

COMBINING STATEMENT OF FIDUCIARY NET POSITION

ALL CUSTODIAL FUNDS
JUNE 30, 2025

(142)

Assessment
Districts Evidence
Fund Fund Total
ASSETS
Cash and Investments 354,425 $ 301,703 $ 656,128 $ Receivables:

Taxes 3,849 - 3,849 Accrued Interest 4,296 3,338 7,634 Total Assets 362,570 305,041 667,611

LIABILITIES
Accounts Payable 19,381 - 19,381 Due to Other Governments 37,763 - 37,763 Total Liabilities 57,144 - 57,144

NET POSITION
Held for Other Individuals and Organizations 305,426 305,041 610,467 Total Net Position 305,426 $ 305,041 $ 610,467 $

CITY OF COLTON, CALIFORNIA

COMBINING STATEMENT OF CHANGES IN FIDUCIARY NET POSITION

ALL CUSTODIAL FUNDS
YEAR ENDED JUNE 30, 2025

(143)

Assessment
Districts Evidence
Fund Fund Total

ADDITIONS
Taxes 513,862 $ - $ 513,862$ Interest and Change in Fair Value of Investments 13,961 14,559 28,520 Total Additions 527,823 14,559 542,382

DEDUCTIONS
Administrative Expenses 171,174 - 171,174 Professional Services 230,412 - 230,412 Utilities 65,666 - 65,666
Total Deductions 467,252 - 467,252 CHANGE IN NET POSITION 60,571 14,559 75,130 Net Position - Beginning of Year 244,855 290,482 535,337 NET POSITION - END OF YEAR 305,426$ 305,041 $ 610,467 $

CITY OF COLTON, CALIFORNIA

PRIVATE-PURPOSE TRUST FUNDS
JUNE 30, 2025

(144)

Private-Purpose Trust Funds . Are used to account for assets and related liabilities for the Cemetery Fund and former Redevelopment Agency.

Cemetery Fund – To account for donations made to the City for the Cemetery.

Successor Agency of the Former RDA – To account for the assets and liabilities of the former redevelopment agency and its allocated revenue to pay estimated installment payments of enforceable obligations until the obligations of the former redevelopment agency are paid in full and assets have been liquidated.

CITY OF COLTON, CALIFORNIA

COMBINING STATEMENT OF FIDUCIARY NET POSITION

ALL PRIVATE-PURPOSE TRUST FUNDS
JUNE 30, 2025

(145)

Successor
Cemetery Agency of the
Fund Former RDA Total
ASSETS
Cash and Investments 1,522,277 $ 1,969,699 $ 3,491,976 $ Receivables:

Accrued Interest 15,582 21,799 37,381 Total Assets 1,537,859 1,991,498 3,529,357

LIABILITIES
Accrued Interest - 106,516 106,516 Deposits Payable 230,799 - 230,799 Long-Term Liabilities:

Due in One Year - 1,170,000 1,170,000 Due in More than One Year - 5,510,165 5,510,165 Total Liabilities 230,799 6,786,681 7,017,480

NET POSITION
Held for Other Individuals and Organizations 1,307,060 (4,795,183) (3,488,123) Total Net Position 1,307,060 $ (4,795,183) $ (3,488,123) $

CITY OF COLTON, CALIFORNIA

COMBINING STATEMENT OF CHANGES IN FIDUCIARY NET POSITION

ALL PRIVATE-PURPOSE TRUST FUNDS
YEAR ENDED JUNE 30, 2025

(146)

Successor
Cemetery Agency of the
Fund Former RDA Total

ADDITIONS
Contributions 39,823 $ - $ 39,823$ Taxes - 1,431,065 1,431,065 Interest and Change in Fair Value of Investments 59,847 74,858 134,705 Total Additions 99,670 1,505,923 1,605,593

DEDUCTIONS
Administrative Expenses - 5,451 5,451 Payment to County - 237 237 Interest Expense - 173,333 173,333 Total Deductions - 179,021 179,021 CHANGE IN NET POSITION 99,670 1,326,902 1,426,572 Net Position - Beginning of Year 1,207,390 (6,122,085) (4,914,695) NET POSITION - END OF YEAR 1,307,060$ (4,795,183) $ (3,488,123) $

(147)

STATISTICAL SECTION
(UNAUDITED)

(148)

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CITY OF COLTON, CALIFORNIA

DESCRIPTION OF STATISTICAL SECTION CONTENTS
JUNE 30, 2025

(149)

This part of the City of Cerritos’s annual comprehensive financial report presents detailed information as a context for understanding what the information in the financial statements, note disclosures, and required supplementary information says about the City’s overall financial health.

Contents
Pages

Financial Trends 151 – 157
These schedules contain trend information to help the reader understand how the City’s financial performance and well-being have changed over time

Revenue Capacity 158
– 163
These schedules contain information to help the reader assess the factors affecting the City’s ability to generate its property and sales taxes.

Debt Capacity 164
– 167
These schedules present information to help the reader assess the affordability of the City’s current levels of outstanding debt and the City’s ability to issue additional debt in the future.

Demographic and Economic Information 168
– 169
These schedules offer demographic and economic indicators to help the reader understand the environment within which the City’s financial activities take place and to help make comparisons over time and with other governments.

Operating Information 170
– 172
These schedules contain information about the City’s operations and resources to help the reader understand how the City’s financial information relates to the services the City provides and the activities it performs.

Sources: Unless otherwise noted, the information in these schedules is derived from the annual comprehensive financial reports for the relevant year. The City implemented Statement 34 in 2004; schedules presenting government wide information include information beginning in that year.

(150)

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CITY OF COLTON, CALIFORNIA

NET POSITION BY COMPONENT

LAST TEN FISCAL YEARS
(MODIFIED ACCRUAL BASIS OF ACCOUNTING)
(151)
2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Governmental activities
Net I nvestm ent in capital assets 56,026,601$ 56,241,790$ 57,614,290$ 60,205,081$ 65,722,642$ 68,923,235$ 70,778,736$ 76,742,701$ 83,306,965$ 90,327,933$ Restricted 14,170,252 17,069,028 18,434,877 25,567,031 27,951,561 27,387,272 30,596,051 32,540,882 35,704,070 37,777,134 Unrestricted (81,162,735) (78,864,619) (94,872,475) (92,639,601) (94,410,149) (87,788,475) (85,682,326) (72,472,317) (65,961,637) (58,299,320) Total governmental activities net position (10,965,882)$ (5,553,801)$ (18,823,308)$ (6,867,489)$ (735,946)$ 8,522,032$ 15,692,461$ 36,811,266$ 53,049,398$ 69,805,747$ Business-type activities
Net I nvestm ent in capital assets 53,428,783$ 54,049,081$ 67,086,623$ 67,651,026$ 68,820,782$ 67,274,292$ 72,029,871$ 83,227,323$ 81,579,018$ 85,025,896$ Restricted 5,566,576 12,138,780 3,932,103 3,982,965 4,072,437 3,677,027 3,373,481 3,722,910 3,879,459 3,706,932 Unrestricted 51,134,616 49,189,201 47,080,519 56,113,738 61,100,251 70,685,437 68,030,129 60,579,624 84,182,313 103,265,967 Total business-type activities net position 110,129,975$ 115,377,062 $ 118,099,245 $ 127,747,729 $ 133,993,470 $ 141,636,756 $ 143,433,481 $ 147,529,857 $ 169,640,790 $ 191,998,795 $ Primary government
Net Investment in capital assets 109,455,384$ 110,290,871 $ 124,700,913 $ 127,856,107 $ 13 4,5 43,424$ 136,197,527 $ 142,808,607 $ 159,970,024 $ 164,885,983 $ 175,353,829 $ Restricted 19,736,828 29,207,808 22,366,980 29,549,996 32,023,998 31,064,299 33,969,532 36,263,792 39,583,529 41,484,066 Unrestricted (30,028,119) (29,675,418) (47,791,956) (36,525,863) (33,309,898) (17,103,038) (17,652,197) (11,892,693) 18,220,676 44,966,647 Total primary government net position 99,164,093$ 109,823,261$ 99,275,937 $ 120,880,240$ 133,257,524 $ 150,158,788 $ 159,125,942 $ 184,341,123 $ 222,690,188 $ 261,804,542 $ N otes: Per GASB 63, Net Assets have been replaced w ith Net Position for fiscal year 2013.

All descriptions have been changed to conform w ith this requirement.

The City began to report accrual information w hen it implemented GASB Statement 34 in fiscal year 2004 Fiscal Year

CITY OF COLTON, CALIFORNIA

CHANGES IN NET POSITION

LAST TEN FISCAL YEARS
(MODIFIED ACCRUAL BASIS OF ACCOUNTING)
(152)
2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
E xpenses
Governmental activities:

General government 1,435,968$ 2,827,380$ 3,323,729$ 2,575,487$ 4,231,203$ 3,571,304$ (329,592)$ 3,248,213$ 5,893,460$ 4,952,632$ Community Services 6,523,836 6,406,777 6,327,804 7,188,321 7,328,898 7,608,513 7,766,888 9,151,972 9,422,873 11,558,293 Public Works 7,588,622 6,946,020 6,171,521 6,011,976 6,502,500 6,685,834 6,696,575 7,656,839 8,235,021 10,016,697 Public Safety 25,583,592 27,803,253 28,429,019 31,119,615 33,887,766 35,333,948 40,062,962 26,558,039 43,218,277 50,809,530 Interest on long-term debt 2,151,410 2,067,915 2,148,554 1,773,988 1,744,808 1,659,041 1,604,186 1,509,189 1,416,401 1,314,719 Total governmental activities expenses 43,283,428 46,051,345 46,400,627 48,669,387 53,695,175 54,858,640 55,801,019 48,124,252 68,186,032 78,651,871 Business-type activities:

Elec tr ic 50,351,428 51,120,030 48,785,845 51,029,071 47,901,891 48,765,106 53,748,647 63,341,630 61,161,193 62,589,967 Water 7,536,133 8,347,920 8,728,560 9,005,710 9,725,277 9,898,697 8,836,901 10,332,048 12,129,931 12,810,266 Wastew ater 8,877,863 9,392,971 9,4 10,998 9,365,512 10,104,456 9,664,981 9,933,047 10,338,304 11,456,166 11,653,055 Total business-type activities expenses 66,765,424 68,860,921 66,925,403 69,400,293 67,731,624 68,328,784 72,518,595 84,011,982 84,747,290 87,053,288 Total primary government expenses 110,048,852$ 114,912,266 $ 113,326,030 $ 118,069,680 $ 121,426,799 $ 123,187,424 $ 128,319,614 $ 132,136,234 $ 152,933,322 $ 165,705,159 $ Program Revenues
Governmental activities:

Charges for services 5,896,532$ 9,000,436$ 8,344,863$ 9,909,845$ 9,471,119$ 9,203,272$ 8,269,683$ 8,702,663$ 11,355,047$ 10,724,272$ Operating contributions and grants 1,340,325 2,885,802 3,308,845 3,121,417 2,717,641 5,414,145 6,833,007 7,690,358 4,972,533 10,530,326 Capital contributions and grants 11,366,710 2,860,446 3,974,921 7,642,045 6,028,770 4,609,335 4,156,484 5,210,696 5,221,506 7,223,582 Total governmental activities program revenues 18,603,567 14,746,684 15,628,629 20,673,307 18,217,530 19,226,752 19,259,174 21,603,717 21,549,086 28,478,180 Business-type activities:

Charges for services:

Electric 62,806,729 64,768,274 65,166,954 65,238,492 61,775,835 63,818,932 63,122,470 71,519,700 89,721,748 91,136,907 Water 9,236,478 11,370,396 12,722,986 13,273,647 13,022,199 13,560,186 13,528,013 13,178,739 13,452,049 16,613,804
Wastew ater 9,395,918 10,183,882 9,944,984 9,833,469 9,898,411 10,696,082 9,396,533 10,334,528 9,985,985 13,335,357 Operating grants and contributions - - - - - - - 73,800 256,200 - Total business-type activities program revenues 81,439,125 86,322,552 87,834,924 88,345,608 84,696,445 88,075,200 86,047,016 95,106,767 113,415,982 121,086,068 Total primary government program revenues 100,042,692$ 101,069,236 $ 103,463,553 $ 109,018,915 $ 102,913,975 $ 107,301,952 $ 105,306,190 $ 116,710,484 $ 134,965,068 $ 149,564,248 $ Fiscal Year

CITY OF COLTON, CALIFORNIA

CHANGES IN NET POSITION (CONTINUED)

LAST TEN FISCAL YEARS
(MODIFIED ACCRUAL BASIS OF ACCOUNTING)
(153)
2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Net (E xpense)/Revenue
Governmental activities (24,679,861)$ (31,304,661)$ (30,771,998)$ (27,996,080)$ (35,477,645)$ (35,631,888)$ (36,541,845)$ (26,520,535)$ (46,636,946)$ (50,173,691)$ Business-type activities 14,673,701 17,461,631 20,909,521 18,945,315 16,964,821 19,746,416 13,528,421 11,094,785 28,668,692 34,032,780 Total primary government net expense (10,006,160)$ (13,843,030)$ (9,862,477)$ (9,050,765)$ (18,512,824)$ (15,885,472)$ (23,013,424)$ (15,425,750)$ (17,968,254)$ (16,140,911)$ General Revenues and Other Changes in Net Position
Governmental activities:

Taxes
Property taxes 9,091,011$ 9,202,416$ 9,718,702$ 10,693,887$ 11,416,280$ 12,666,201$ 13,347,412$ 15,142,416$ 16,196,157$ 17,152,415$ Sales taxes 8,499,869 9,111,126 9,360,121 11,263,771 10,672,833 13,630,270 14,143,702 16,432,934 23,497,844 23,869,922 Other taxes 2,049,089 2,518,622 2,867,325 2,969,762 3,008,167 3,703,290 3,907,479 3,915,070 3,740,192 3,469,815 Motor vehicle in lieu - 23,900 28,361 25,788 43,048 39,692 62,612 55,169 66,482 84,759 Use of money and property 2,119,057 1,934,110 1,930,035 3,121,914 3,115,824 1,728,740 894,619 3,163,201 7,550,599 7,589,346 Other 463,315 643,118 462,857 31
5,652 513,297 914,307 295,235 557,609 206,088 311,919 Transfers 8,072,681 12,910,188 13,252,825 11,561,125 12,841,494 12,207,366 11,061,215 9,061,987 11,069,082 16,481,368 Extraordinary gain (loss) - 575,630 - - - - - - - Total governmental activities 30,295,022 36,919,110 37,620,226 39,951,899 41,610,943 44,889,866 43,712,274 48,328,386 62,326,444 68,959,544 Business-type activities:

Use of money and property 335,727 425,594 740,256 2,261,794 2,119,913 104,236 (670,481) 2,063,578 5,059,957 5,085,426 Other - 123,233 76,418 2,500 2,500 - - - - Transfers (8,072,681) (12,910,188) (13,252,825) (11,561,125) (12,841,494) (12,207,366) (11,061,215) (9,061,987) (11,069,082) (16,481,368) Special Item - - - - -
Total business-type activities (7,736,954) (12,361,361) (12,436,151) (9,296,831) (10,719,081) (12,103,130) (11,731,696) (6,998,409) (6,009,125) (11,395,942) Total primary government 22,558,068$ 24,557,749$ 25,184,075$ 30,655,068$ 30,891,862$ 32, 786,736$ 31,980,578$ 41,329,977$ 56,317,319$ 57,563,602$ Change in Net Position
Governmental activities 5,615,161 5,614,449 6,848,228 11,955,819 6,133,298 9,257,978 7,170,429 21,807,851 15,689,498 18,785,853 Business-type activities 6,936,747 5,100,270 8,473,370 9,648,484 6,245,740 7,643,286 1,796,725 4,096,376 22,659,567 22,636,838 Total primary government 12,551,908$ 10,714,719$ 15,321,598$ 21,604,303$ 12,379,038$ 16,901,264$ 8,967,154$ 25,904,227$ 38,349,065$ 41,422,691$ Note s Per GASB 63, Net Assets have been replaced w ith Net Position for fiscal year 2013.

All descriptions have been changed to conform w ith this requirement.

Fiscal Year

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CITY OF COLTON, CALIFORNIA

FUND BALANCES OF GOVERNMENTAL FUNDS

LAST TEN FISCAL YEARS
(MODIFIED ACCRUAL BASIS OF ACCOUNTING)
(155)
2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
General Fund
Nonspendable 174,830$ 188,203$ 177,457$ 168,716$ 272,863$ 198,001$ 206,628$ 347,650$ 382,249$ 307,307$ R estricted - - - - - - - - - -
Committed 250,000 10,000 9,626,244 14,708,973 19,454,429 28,913,975 29,902,238 32,983,270 40,623,129 51,983,298 Unassigned 4,271,446 9,927,323 5,543,889 6,290,763 6,855,895 8,578,560 12,162,544 11,825,266 12,791,400 15,225,840 Total general fund 4,696,276$ 10,125,526$ 15,347,590 $ 21,168,452 $ 26,583,187 $ 37,690,536 $ 42,271,410 $ 45,156,186 $ 53,796,778 $ 67,516,445 $ All Other Governmental Funds
Nonspendable -$
- $
- $
- $
-$
-$ -$
-$
-$
-$
R estricted:

Reported in:

Special revenue funds 2,543,762 2,158,316 2,111,033 2,128,718 2,352,356 9,842,460 2,344,712 2,415,101 3,578,075 14,377,027 Capital projects funds 7,182,195 10,698,667 13,036,149 20,110,852 21,899,172 14,132,450 24,567,489 25,208,723 27,905,215 18,208,753 Debt service funds 4,444,295 4,212,045 3,177,656 2,548,244 2,665,895 2,761,977 2,857,868 3,052,592 3,311,924 3,568,202 Unassigned (887,620) (158,625) (33,768) (680,426) (519,148) (577,288) (1,086,476) (1,274,171) (684,174) (1,588,784) Total all other governmental funds 13,282,632$ 16,910,403 $ 18,291,070 $ 24,107,388 $ 26,398,275 $ 26,159,599 $ 28,683,593 $ 29,402,245 $ 34,111,040 $ 34,565,198 $ Fiscal Year

CITY OF COLTON, CALIFORNIA

CHANGES IN FUND BALANCES OF GOVERNMENTAL FUNDS

LAST TEN FISCAL YEARS
(MODIFIED ACCRUAL BASIS OF ACCOUNTING)

(156)

2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Re ve nue s
Taxes (see Schedule 6) 19,992,200$ 21,374,816 $ 22,920,786 $ 25,534,177 $ 25,705,585 $ 30,621,368 $ 32,037,551 $ 36,124,993 $ 44,067,772 $ 45,144,303 $ Licenses and permits 1,532,839 2,158,020 2,122,915 2,456,053 2,210,285 2,253,754 2,090,893 2,404,931 3,138,588 2,647,646 Intergovernmental 6,695,110 6,750,490 8,130,222 7,826,458 7,293,588 10,845,565 11,057,705 14,088,005 12,828,669 17,946,922 Charges for services 2,863,695 5,338,021 4,415,283 5,284,006 4,942,692 4,222,825 2,942,440 3,339,237 4,723,159 4,296,893 Use of money and property 2,081,510 1,841,970 1,808,418 2,720,043 2,791,998 1,811,762 1,023,529 3,063,549 6,681,538 6,618,226 Fines and fortfeitures 257,167 324,052 293,338 668,746 528,895 355,974 578,763 636,057 857,292 1,115,031 Contributions 50,000 50,000 25,000 75,000 - - 673,497 18,108 - 555,500 Miscellaneous 344,447 1,400,485 584,222 3,587,943 1,189,027 2,264,629 1,050,118 1,155,443 518,723 348,209 Total revenues 33,816,968 39,237,854 40,300,184 48,152,426 44,662,070 52,375,877 51,454,496 60,830,323 72,815,741 78,672,730 E xpenditures
General government 1,620,270 1,734,529 321,900 (217,498) 991,683 1,959,697 1,344,653 1,905,690 2,265,935 3,033,703 Community serv ic es 6,423,695 6,242,637 6,392,928 7,065,151 7,145,490 7,479,199 7,745,898 8,994,497 9,753,558 11,554,353 Public w or ks 6,123,692 4,965,789 5,003,419 6,496,037 4,259,048 4,664,991 4,577,073 5,170,665 5,603,444 7,018,250 Public safety 24,812,941 24,887,153 26,903,919 28,053,672 28,420,527 32,002,838 36,521,459 36,854,959 41,839,315 45,495,027 Capital outlay 4,455,227 2,304,395 1,875,917 2,412,236 6,049,130 4,534,453 2,039,693 9,325,777 7,809,858 11,056,701 Debt serv ic e
Principal retirement 2,438,015 2,283,384 2,807,618 2,150,825 1,553,312 1,707,772 1,891,330 2,067,380 2,304,735 2,355,815 Interest and fiscal charges 1,919,585 1,815,802 1,979,476 1,495,033 1,433,265 1,425,673 1,351,728 1,343,116 1,068,467 1,030,328 Total expenditures 47,793,425 44,233,689 45,285,177 47,455,456 49,852,455 53,774,623 55,471,834 65,662,084 70,645,312 81,544,177 Excess (Deficiency) of revenues
over (under) expenditures (13,976,457) (4,995,835) (4,984,993) 696,970 (5,190,385) (1,398,746) (4,017,338) (4,831,761) 2,170,429 (2,871,447) Other Financing Sources (Uses)

Lease Liabilities - - - 637,877 - - - - 38,031 242,174 Subscription Liabilities - - - - - - - - - 248,992.00 Transfers in 13,354,411 17,356,134 17,061,464 15,155,093 15,519,532 16,155,531 13,984,689 12,142,799 14,022,710 20,643,862 Transfers out (5,232,594) (4,396,281) (5,473,740) (4,852,760) (2,621,770) (3,888,112) (2,862,483) (3,018,563) (2,881,783) (4,089,756) Proceeds from sale of capital assets 220,043 953,001 - - - - - - - - Total other financing
sources (uses) 8,341,860 13,912,854 11,587,724 10,940,210 12,897,762 12,267,419 11,122,206 9,124,236 11,178,958 17,045,272 Net change in
fund balances (5,634,597) $ 8,917,019 $ 6,602,731 $ 11,637,180 $ 7,707,377 $ 10,868,673 $ 7,104,868 $ 4,292,475 $ 13,349,387 $ 14,173,825 $ Fis cal Ye ar

CITY OF COLTON, CALIFORNIA

ASSESSED VALUE AND ESTIMATED ACTUAL VALUE OF TAXABLE PROPERTY

LAST TEN FISCAL YEARS
(IN THOUSANDS OF DOLLARS)
(157)
E stimated
Total Taxable Total Actual
Fiscal Residential Commercial Industrial Other Assessed Tax Taxable Year Property Property Property Property Value Rate Value 2016 1,808,514 394,965 331,818 470,056 3,005,353 1.5573 2,896,554 2017 1,938,923 414,150 363,719 471,394 3,188,186 1.5216 3,066,251 2018 2,043,492 446,500 421,108 506,210 3,417,311 1.4804 3,289,462 2019 2,155,768 467,165 471,400 577,085 3,671,418 1.4945 3,540,801 2020 2,347,060 492,141 575,382 517,016 3,931,600 1.4820 3,770,650 2021 2,466,823 501,153 676,381 543,226 4,187,582 1.4946 4,019,966 2022 2,626,441 550,345 798,984 697,463 4,673,233 1.4833 4,501,962 2023 2,839,655 572,325 1,035,767 781,790 5,229,537 1.4030 5,016,941 2024 3,047,054 615,651 1,082,068 855,808 5,600,581 1.4583 5,386,428 2025 3,233,682 646,199 1,194,787 907,633 5,982,301 1.3658 5,764,831 *Source: San Bernardino County Assessor 2024/25 Combined Tax Rolls. HdL, Coren & Cone

CITY OF COLTON, CALIFORNIA

PROPERTY TAX RATES

ALL OVERLAPPING GOVERNMENTS

LAST TEN FISCAL YEARS
(RATE PER $1,000 OF ASSESSED VALUE)
(158)
San Bernardino San Bernardino City's Share
Fiscal Basic Colton Unified Rialto Unified Community Unified School San Bernardino Total D&O of 1% Levy per Total Direct Year Levy (1) School District School District College Board Bond Valley Water Tax Rate (2) Prop 13 (3) Rate (4) 2016 1.0000 0.1169 0.1194 0.0403 0.1182 0.1625 1.5573 0.16801 0.16642 2017 1.0000 0.1454 0.0992 0.0350 0.0795 0.1625 1.5216 0.16801 0.16644 2018 1.0000 0.0939 0.0957 0.0376 0.1007 0.1525 1.4804 0.16801 0.16637 2019 1.0000 0.1116 0.0771 0.0407 0.1126 0.1525 1.4945 0.16801 0.16622 2020 1.0000 0.1016 0.0848 0.0562 0.0969 0.1425 1.4820 0.16801 0.16627 2021 1.0000 0.1031 0.0805 0.0651 0.1034 0.1425 1.4946 0.16801 0.16160 2022 1.0000 0.1081 0.0829 0.0534 0.1089 0.1300 1.4833 0.16801 0.15871 2023 1.0000 0.0656 0.0746 0.0450 0.0878 0.1300 1.4030 0.16801 0.16005 2024 1.0000 0.0687 0.1556 0.0452 0.0688 0.1200 1.4583 0.16801 0.15996 2025 1.0000 0.0593 0.0659 0.0370 0.0936 0.1100 1.3658 0.16801 0.16013 Source: San Bernardino County Assessor's Office, Tax Rate Table, HdL, Coren & Cone N otes:
(1)
(2)
(3)
(4) Total Direct Rate is the w eighted average of all individual direct rates applied by th e C
ity/Agency preparing the statistical section information and excludes revenues derived from aircraft. Beginning in 2013/14 the Total Direct Rate no longer includes revenue generated from the former redevelopment tax rate areas. Challenges to recognized enforceable obligations are assumed to have been resolved duri ng
2 012/13. For the purposes of this report, residual revenue is assumed to be distributed to the City/Agency in the same proportions as general fund revenue.

City's Share of 1% Levy is based on the City's share of the general fund tax rate area w ith the largest net taxable value w ithin the City. ERAF general fund tax shifts may not be included in tax ratio figures.

In 1978, California voters passed Proposition 13 w hich set the property tax rate at a

1.00% fixed amount. This 1.00% is shared by all taxing agencies for w hich the subject property resides w ithin. In addition to the 1.00% fixed amount, property ow ners are charged taxes as a percentage of assessed property values for the payment of any voter-approved bonds.

Overlapping rates are those of local and county governments that apply to property ow ners w ithin the City. Not all overlapping rates apply to all city property ow ners.

CITY OF COLTON, CALIFORNIA

PRINCIPAL PROPERTY TAX PAYERS

CURRENT YEAR AND NINE YEARS AGO
(159)

Assessed Assessed
Taxpayer Value Value
Hart Agua Mansa LLC 132,651,001 1 2.30%
Boxer US Inc. 111,180,000 2 1.93%
DS Grand Terrace Ow ner LLC 105,213,000 3 1.83%
Lineage Master RE LLC 102,220,839 4 1.77% 36,741,224 3 1.27% MG District Appartments WTS LLC 93,386,304 5 1.62%
Walmart 90,149,566 6 1.56%
WSRE CP Colton Ow ner LP 72,828,000 7 1.26%
Fedex Group Package System Inc 68,519,076 8 1.19%
Alpha Z LA Industrial 3 LLC 59,823,000 9 1.04%
Wanvog Investments LLC 53,326,424 10 0.93% 36,458,118 4 1.26% AMB Holding Co. LLC 19,084,878 10 0.66%
Ashley Furniture Industries, Inc. 43,383,302 1 1.50%
BRE Properties Inc. 37,002,914 2 1.28%
CSM Bakery Products NA Inc 23,154,893 7 0.80%
Falcon Colton LLC 20,366,188 9 0.70%
Grand Terrace Apartments California 22,473,777 8 0.78% My Montecito III 24,671,845 6 0.85%
Pacific West Management 30,352,829 5 1.05%
Total 889,297,210$ 15.43% 293,689,968$ 10.15% City Total 5,764,831,403$ 2,896,553,546$
Source: HdL Coren & Cone (San Bernardino County Assessor 2024/25 Combined Tax Rolls and the SBE Non Unitary Tax Roll) 2016
Rank
Percentage
of Total City
Assessed
Value
2025
Rank
Percentage
of Total City
Assessed
Value

CITY OF COLTON, CALIFORNIA

PROPERTY TAX LEVIES AND COLLECTIONS

LAST TEN FISCAL YEARS

(160)

Fiscal
Year Taxes Levied Collections
E nded for the Percentage in Subsequent Percentage
June 30, Fiscal Year Amount of Levy Years Amount of Levy 2016 2,818,148 2,746,894 97.47% 150,086 2,896,980 102.80% 2017 3,007,413 2,948,120 98.03% 97,962 3,046,082 101.29% 2018 3,251,531 3,208,221 98.67% 122,644 3,330,865 102.44% 2019 3,866,230 3,786,646 97.94% 112,567 3,899,213 100.85% 2020 4,199,560 4,110,313 97.87% 50,650 4,160,963 99.08% 2021 4,208,109 4,434,991 105.39% 69,993 4,504,984 107.05% 2022 4,920,482 4,857,954 98.73% 65,882 4,923,836 100.07% 2023 5,605,287 5,491,110 97.96% 67,755 5,558,865 99.17% 2024 5,969,611 5,853,501 98.05% 74,539 5,928,039 99.30% 2025 6,425,813 6,297,800 98.01% 80,999 6,378,799 99.27% (1) Data provided by the San Bernardino County Assessor's Office for collection of prior year taxes does not segregate the information by fiscal year. Therefore, the City is unable to provide this information in the above schedule. (2) The Percentage of Levy may exceed 100% if the amounts collected for subsequent years exceed the delinquency. (3) Taxes levied for the fiscal year do not include roll corrections.

Source: County of San Bernardino Auditor-Controller - Property Tax Division Collected within the
Fiscal Year of the Levy Total Collections

CITY OF COLTON, CALIFORNIA

TAXABLE SALES BY CATEGORY

LAST TEN CALENDAR YEARS
(IN THOUSANDS OF DOLLARS)

(161)

2024 2023 2022 2021 2020 2019 2018 2017 2016 2015
Food Stores 45,835 $ 46,641 $ 51,821 $ 48,432 $ 44,015 $ 49,272 $ 48,391 $ 41,426 $ 42,616 $ 43,994 $ Eating and Drinking Places 111,297 114,313 111,567 110,280 86,252 84,418 77,833 73,909 71,469 65,441 Building Materials 112,762 112,036 127,406 118,047 101,079 109,459 145,448 134,653 108,327 86,755 Auto Dealers and Supplies 286,644 302,966 343,339 368,774 337,353 258,448 231,549 214,682 202,686 193,814 Service Stations 139,011 152,018 167,629 134,265 97,740 124,107 108,230 86,994 73,259 77,420 Other Retail Stores 138,938 147,608 165,529 181,580 152,432 150,504 146,398 140,152 151,424 137,254 All Other Outlets 316,900 350,949 395,318 369,645 354,779 273,744 238,180 215,035 189,468 178,787 Total 1,151,387 $ 1,226,531 $ 1,362,609 $ 1,331,023 $ 1,173,650 $ 1,049,952 $ 996,029 $ 906,851 $ 839,249 $ 783,465 $ Sources: HdL, Coren & Cone (State of California Board of Equalization, California Department of Tax and Fee Administration, State Controller's Office, The HdL Companies) Note : Due to confidentiality issues, the names of the ten largest revenue payers are not available. The categories presented are intended to provide alternative information regarding the sources of the City's revenue.

CITY OF COLTON, CALIFORNIA

DIRECT AND OVERLAPPING SALES TAX RATES

LAST TEN FISCAL YEARS

(162)

Fiscal Year City & Local San Bernardino County
2016 1.00% 0.50%
2017 1.00% 0.50%
2018 1.00% 0.25%
2019 1.00% 0.25%
2020 1.00% 0.25%
2021 1.00% 0.25%
2022 1.00% 0.25%
2023 1.00% 0.25%
2024 1.00% 0.25%
2025 1.00% 0.25%
Sources: California department of Tax & Fee Administration w ebsite On November 8, 2022 the voters passed Measure S w hich became effective April 1, 2023.

Measure S is a one percent transaction and use tax.

Note s : The city sales tax rate may be changed only w ith the approval of the state legislature.

CITY OF COLTON, CALIFORNIA
PRINCIPAL SALES TAX REMITTERS – IDENTIFIED BY CATEGORY, TOP 25

CURRENT YEAR AND NINE YEARS AGO

(163)

2025 2016
Service Stations Service Stations
Service Stations Service Stations
Service Stations Home Furnishings
Home Furnishings Home Furnishings
Used Automotive Dealers New Motor Vehicle Dealers
New Motor Vehicle Dealers Quick-Service Restaurants
Service Stations Electrical Equipment
Warehse/Farm/Const. Equip. Used Automotive Dealers
Trailers/RVs Warehse/Farm/Const. Equip.

Warehse/Farm/Const. Equip. Grocery Stores Liquor
Grocery Stores Trailers/RVs
Trailers/RVs Service Stations
Trailers/RVs Trailers/Auto Parts
Service Stations Trailers/RVs
Service Stations Contractors
Contractors Food Service Equip./Supplies
Food Service Equip./Supplies Family Apparel
Family Apparel Service Stations
Building Materials Service Stations
Grocery Stores Service Stations
Repair Shop/Equip. Rentals Lumber/Building Materials
Repair Shop/Equip. Rentals Grocery Stores Liquor
Auctioneers Service Stations
Service Stations Discount Dept Stores
Discount Dept Stores New Motor Vehicle Dealers
Sources : State Board of Equalization, California Dept. of Taxes and Fees Admin., State Controller's office, The HdL Companies.

CITY OF COLTON, CALIFORNIA

RATIOS OF OUTSTANDING DEBT BY TYPE

LAST TEN FISCAL YEARS
(DOLLARS IN THOUSANDS, EXCEPT PER CAPITA)

(164)

Financing Pension Total Percentage
Fiscal Notes and Authority Obligation Lease Subscription Revenue Term Lease Subscription Primary of Personal Per Year Agreements Bonds Bond Liab ilities Liabilities B onds Loan Liab ilities Liabilities Government Income Capita 2016 2,631 11,405 26,325 442 - 49,020 6,548 - - 88,971 10.5% 1,668 2017 1,829 10,800 25,151 218 - 52,301 5,777 - - 70,925 8.0% 1,316 2018 1,829 9,730 23,819 111 - 57,196 4,986 - - 73,852 7.8% 1,375 2019 1,829 9,255 22,571 638 - 53,432 4,176 - - 69,330 6.7% 1,275 2020 1,829 8,844 21,821 520 - 52,216 3,345 - - 66,754 6.2% 1,233 2021 1,829 8,322 21,117 397 - 47,823 2,494 - - 60,865 5.3% 1,123 2022 1,829 7,781 20,299 285 - 44,369 1,630 - - 55,894 4.8% 1,042 2023 1,966 7,219 19,365 - 124 40,654 727 78 106 50,874 4.1% 957 2024 1,829 6,633 18,301 22 52 36,917 368 351 54 46,226 3.4% 876 2025 3,859 6,021 17,102 236 238 33,022 - 453 - 43,829 3.0% 823 N otes: Details regarding the city's outstanding debt can be found in Note 8 of the notes to the financial statements.

Business-type Activities
See Schedule 18 for personal income and population data. These ratios are calculated using personal income and population for the prior calendar year.

Governmental Activities

CITY OF COLTON, CALIFORNIA

DIRECT AND OVERLAPPING GOVERNMENTAL ACTIVITIES DEBT
JUNE 30, 2025
(165)

2024-25 Assessed Valuation: $5,764,831,403
Total Debt Percent City's Share of Debt
OVERLAPPING TAX AND ASSESSMENT DEBT: June 30, 2025 Applicable (1) June 30, 2025 San Bernardino Valley Joint Community College District $880,363,439 5.301 % $46,668,066 Colton Joint Unified School District 202,937,994 29.131 59,117,867 Rialto Unified School District 137,835,197 4.985 6,871,085 San Bernardino Unified School District 299,021,967 0.006 17,941 TOTAL GROSS OVERLAPPING TAX AND ASSESSMENT DEBT $1,520,158,597 $112,674,959 DIRECT AND OVERLAPPING GENERAL FUND DEBT:

San Bernardino County General Fund Obligations $100,765,000 1.687 % $1,699,906 Colton Joint Unified School District General Fund Obligations 5,437,904 29.131 1,584,116 Rialto Unified School District General Fund Obligations 50,214,439 4.985 2,503,190 San Bernardino City Unified School District Certificates of Participation 149,245,000 0.006 8,955 City of Colton General Fund Obligations 6,021,003 100.000 6,021,000 City of Colton Pension Obligation Bonds 17,102,462 100.000 17,102,460 City of Colton Loans Payable (San Bernadino County MOU) 3,858,802 100.000 3,858,800 San Bernardino County Flood Control District Certificates of Participation 37,295,000 1.687 629,167 TOTAL DIRECT AND OVERLAPPING GENERAL FUND DEBT $369,939,610 $33,407,594 OVERLAPPING TAX INCREMENT DEBT (Successor Agencies):

City of Colton Tax Allocation Bonds $5,680,000 100.000 % $5,680,000 San Bernardino County Inland Valley Tax Allocation Bonds 203,740,000 1.931 3,934,219 TOTAL OVERLAPPING TAX INCREMENT DEBT $9,614,219
Total Direct Debt $23,123,460
Total Overlapping Debt $132,573,312
Combined Total Debt (2) $155,696,772
Note:
(1) The percentage of overlapping debt applicable to the city is estimated using taxable assessed property value.

A
pplicable percentages were estimated by determining the portion of the overlapping district's assessed value t
hat is within the boundaries of the city divided by the district's total taxable assessed value. (2) Excludes accreted interest.
(3) E
xcludes tax and revenue anticipation notes, enterprise revenue, mortgage revenue and non-bonded lease liability obligations.

Ratios to 2024-25 Assessed Valuation:

Total Overlapping Tax and Assessment Debt 1.95%
Total Direct Debt ($18,029,400) 0.31%
Combined Total Debt 2.55%
Ratios to Redevelopment Successor Agencies Incremental Valuation ($1,859,776,825):

Total Overlapping Tax Increment Debt 0.49%
Source: Av enu Insights & Analytics
CA Municipal Statistics, Inc.

Notes: Overlapping governments are those that coincide, at least in part, with the geographic boundaries of the city. This schedule

CITY OF COLTON, CALIFORNIA

LEGAL DEBT MARGIN INFORMATION

LAST TEN FISCAL YEARS
(DOLLARS IN THOUSANDS)

(166)

Legal Debt Margin Calculation for Fiscal Year 2025
A ssessed v alue 5,982,301$
Debt limit (15% of assessed value) 897,345
Debt applicable to limit:

General obligation bonds -
Less: Amount set aside for
repayment of general
obligation debt -

Total net debt applicable to limit -
Legal debt margin 897,345$
F iscal Year
2025 2024 2023 2022 2021 2020 2019 2018 2017 2016
Debt limit 897,345 $ 840,087 $ 784,431 $ 700,985 $ 628,137 $ 589,740 $ 550,713 $ 512,597 $ 478,228 $ 450,803 $ Total net debt applicable to limit - - - - - - - - - - Legal debt margin 897,345 $ 840,087 $ 784,431 $ 700,985 $ 628,137 $ 589,740 $ 550,713 $ 512,597 $ 478,228 $ 450,803 $ Total net debt applicable to the limit
as a percentage of debt limit 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% Notes: Under state finance law, the city's outstanding general obligation debt should not exceed 15 percent of total assessed property value.

However, the city has established a more conservative internal limit of no more than 5 percent. By law, the general obligation debt subject to the limitation may be offset by amounts set aside for repaying general obligation bonds.

CITY OF COLTON, CALIFORNIA

PLEDGED-REVENUE COVERAGE

LAST TEN FISCAL YEARS
(DOLLARS IN THOUSANDS)

(167)

2025 2024 2023 2022 2021 2020 2019 2018 2017 2016
Business Type Activity
Revenue Bonds
Operating Net Income (1) 33,248 37,681 16,142 19,445 26,400 27,395 29,232 29,063 23,764 21,765 Debt Service - Principal 3,798 3,440 3,418 3,156 4,095 3,915 3,764 10,386 3,295 3,155 Debt Service - Interest 1,621 1,603 1,753 1,893 2,083 2,264 2,418 2,136 2,218 2,356 Coverage (2) 6.14 7.47 3.12 3.85 4.27 4.43 4.73 2.32 4.31 3.95 Note s : (1) Net operating income (loss) exclusive of depreciation and connection fees, inclusive of investment revenue. (2) Ratio of revenue to payments against bonds.

CITY OF COLTON, CALIFORNIA

DEMOGRAPHIC AND ECONOMIC STATISTICS

LAST TEN CALENDAR YEARS

(168)

Personal Per
Income Capita
Calendar (thousands Personal Unemployment Median
Year Population of dollars) Income Rate Age
2015 53,351 850,300 $ 15,937$ 6.5% 27.7 2016 53,879 883,059 $ 16,389$ 5.7% 28.6 2017 53,724 948,500 $ 17,655$ 4.3% 29.6 2018 54,391 1,032,154 $ 18,976$ 4.2% 30.4 2019 54,118 1,073,709 $ 19,840$ 4.0% 30.7 2020 54,198 1,143,578 $ 21,100$ 9.9% 31.4 2021 53,617 1,173,639 $ 21,889$ 7.8% 31.8 2022 53,154 1,248,857 $ 23,495$ 4.3% 31.9 2023 52,778 1,348,894 $ 25,557$ 4.7% 33.2 2024 53,278 1,439,479 $ 27,018$ 5.0% 33.9 Source: Population: California State Department of Finance. HdL, Coren & Cone Unemployment Data: California Employment Development Department. HdL, Coren & Cone

CITY OF COLTON, CALIFORNIA
PRINCIPAL EMPLOYERS – TOP 20

CURRENT YEAR AND NINE YEARS AGO
(169)

Percentage Percentage
of Total City of Total City
E mployer Employees Rank Employment Employees Rank Employment Arrow head Regional Medical Center 4,851 1 18.03% 3,200 1 14.12% Colton Joint Unified School District 1,905 2 7.08% 738 5 3.26% Wal-Mart Distribution Center 976 3 3.63%
Ashley Furniture 549 4 2.04% 1,500 2 6.62%
Lineage Logistics 400 5 1.49% 767 3 3.38%
Chino Valley Ranchers 333 6 1.24%
City of Colton 330 7 1.23% 268 9 1.18%
Wal-Mart Supercenter 292 8 1.09% 293 8 1.29%
Reche Canyon Rehabilitation & Health Care Center 287 9 1.07% Rise Baking Co. (formerly Brill Inc.) 208 10 0.77%
Best Brands Corporation 500 6 2.21%
Kaiser Foundation Health Plan 750 4 3.31%
Reche Canyon Convalescent Center 350 7 1.54%
Stater Bros Market (2 Locations) 250 10 1.10%
Total 10,131 37.66% 8,616 38.01%
Total City Labor Force (1) 26,900
Source: MuniServices, LLC / Avenu Insights & Analytics
Source: City of Colton - FY2016 ACFR Publication
(1) Total City Labor Force provided by EDD Labor Force Data.

R
esults based on direct correspondence w ith city’s local businesses. 2025 2016

CITY OF COLTON, CALIFORNIA

FULL-TIME CITY GOVERNMENT EMPLOYEES BY FUNCTION/PROGRAM

LAST TEN FISCAL YEARS
(170)

2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Function/Program
General government
Management services 17 17 16 16 16 16 14 12 14 15 Finance 6 7 7 5 7 8 9 7 10 9
I nform ation system s 3 3 3 3 3 3 3 3 3 3 Planning 8 7 6 6 6 7 7 8 9 8
Building 2 2 2 4 3 3 3 3 2 4
Other 10 12 20 23 24 23 24 24 26 25
Police
Field Officers 43 48 49 53 52 52 54 52 51 65 Support staff 25 27 27 29 29 29 27 24 32 23 Fire
Firefighters and supervisors 33 38 38 36 37 37 38 39 46 45 S
upport staff 1 1 1 - 1
1 2 2 2 2
Other public w orks
Engineering and administrative 4 4 5 6 4
6 6 6 6 6
Maintenance 24
18 19 22 22
21 21 24 25 31
Redevelopment 1 - - - - - - - -
Community Services 12 12 11 9 8
8 9 9 8 9
Library 1 1 1 1 1
1 1 1 1 1
Water 15 15 14 12 13
14 15 14 17 19
Wastew ater 23 22 22 20 22
22 23 23 25 22
Electric 39 41 41 37 36
35 35 36 38 45
Total 267 275 282 282 284 286 291 287 315 332 Source: Finance Department
N otes: A full-time employee is scheduled to w ork 2,080 hours per year (including vacation and sick leave).

Actual Full-time E mployees
as of June 30

CITY OF COLTON, CALIFORNIA

OPERATING INDICATORS BY FUNCTION/PROGRAM

LAST TEN FISCAL YEARS

(171)

2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Function/Program
General government
Building permits issued 1,170 918 1,072 1,164 856 1,069 895 1,262 1,226 924 Building inspections conducted 4,677 3,824 3,861 4,812 3,554 4,486 5,276 6,567 4,639 490 Police
P hysical arrests 2,801 2,404 2,597 2,116 1,541 1,547 1,464 1,165 1,076 1,420 Parking violations 3,031 2,219 2,760 4,372 3,304 3,499 4,022 4,524 3,062 4,701 Traffic violations 3,379 1,786 2,576 3,564 1,486 1,206 1,138 1,168 769 1,571 Fire
Emergency responses 7,048 7,692 7,281 8,035 8,040 8,181 7,961 8,106 8,550 8,234 Fires extinguished 327 361 476 492 358 570 531 709 733 912 Inspections 743 757 784 798 742 814 1,066 1,007 1,000 Other public works
Street resurfacing (lane miles) 1 18 7 12 9 21 11 12 12 13 Potholes repaired 1,600 1,500 1,600 1,400 1,500 1,664 1,144 1,560 1,040 1,148 Parks and recreation
Facility usage permits issued 503 387 275 243 236 37 285 366 228 268 Individual Facility Reservations 780 3,582 3,159 2,068 322 2,414 1,117 3,804 1,774 Community center attendance 220,136 228,493 225,465 230,540 89,454 18,797 26,092 47,905 62,706 104,562 Library
Volumes in collection 84,949 85,725 86,321 84,246 84,319 83,725 84,448 84,904 85,263 85,503 Total volumes borrow ed 36,523 59,087 52,156 53,443 42,754 1,870 38,725 46,711 53,718 58,855 Early Care & Education
Preschool enrollments 142
After School enrollments 86
Water
New Connections 6 3 3 6 5 24 12 96 35 37 Water Main Breaks - 2 - 1 1 - 5 3 11 4 Average daily consumption 8,500 9,416 9,800 9,000 6,262 5,100 6,295 (thousands of gallons) 7,842 8,300 8,700 Peak daily consumption 13,100 13,300 16,680 16,810 12,400 10,200 10,981 (thousands of gallons) 15,302 13,300 11,800 Wastewater
Average daily sew age treatment 5,100 5,045 4,988 5,160 5,068 4,815 4,821 (thousands of gallons) 5,155 4,810 5,022 Ele ct r ic
Average daily consumption (kW) 1,029,500 1,002,597 1,016,732 977,479 883,282 963,125 992,469 935,467 916,784 927,832 Annual peak demand (MW) 81 81 87 86 83 88 83 93 98 95 Sources: Various city departments.

Fiscal Years

CITY OF COLTON, CALIFORNIA

CAPITAL ASSETS BY FUNCTION/PROGRAM

LAST TEN FISCAL YEARS
(172)

2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Function/Program
Police Protection
Stations 1 1 1 1 1 1 1 1 1 1 Substations 1 1 1 1 1 1 1 1 1 6 Patrol units 15 21 21 22 24 25 23 23 24 28 Specialized purpose units 42 42 42 44 47 41 42 41 44 40 Fire Protection
Stations 4 4 4 4 4 4 4 4 4 4 Squad units 2 2 2 1 1 1 1 1 1 2 Engine units 7 7 7 8 8 7 7 7 10 10 Other public works
Streets and alleys - paved (lane miles) 307 308 308 308 308 308 308 309 309 310 Traffic signals 56 60 63 63 65 65 67 71 71 72 P
arks and recreation
Acreage 50 50 50 50 50 50 50 50 50 50 Playgrounds 5 5 5 5 5 5 5 5 5 5 Baseball/softball diamonds 11 11 11 11 11 11 11 11 11 11 Soccer/football fields 1 1 1 1 1 1 1 1 1 - Community centers 4 4 4 4 4 4 4 4 4 4 Sw imming pool 1 1 1 1 1 1 1 1 1 1 Tennis courts 2 2 2 2 2 2 2 2 2 2 Libraries
Central Building 1 1 1 1 1 1 1 1 1 1 Satelite locations 2 2 2 1 1 1 1 1 1 1 B
ooks 84,949 85,725 86,321 73,827 73,926 73,287 73,990 74,410 74,731 72,473 Audiovisual recordings 9,607 9,727 9,768 10,313 10,393 10,438 10,458 10,494 10,532 12,790 Early Care & Education
Pr es c hool Sites 3
After School Sites 2
Municipal Water Department
Residential meters 9,485 8,932 9,042 8,945 8,954 9,020 9,253 9,362 10,526 10,223 Commercial/industrial meters 1,196 1,161 1,214 1,164 1,174 1,192 1,224 1,222 1,260 1,321 Fire protection meters 181 193 206 182 189 186 190 189 193 204 Water mains (miles) 130 130 130 130 130 130 130 130 130 130 Fire hydrants 1,518 1,518 1,518 1,525 1,525 1,534 1,539 1,548 1,554 1,557 Storage capacity (thousands of gallons) 19,300 17,300 17,300 17,300 17,300 17,300 17,300 17,300 17,300 17,300 Wastewater
Sanitary sew ers (miles) 178 178 178 178 178 178 178 178 178 178 Storm sew ers (miles)
Treatment capacity (thousands of gallons) 10,400 10,400 10,400 10,400 10,400 10,400 10,400 10,400 10,400 10,400 Municipal E lectric Department
Residential meters 16,533 16,599 16,784 15,795 16,956 17,208 17,291 16,818 17,066 16,957 Commerc ial 2,517 2,528 2,547 2,569 2,580 2,626 2,658 3,276 2,188 2,165 Indus trial 85 86 85 87 96 102 105 123 61 63 Municipal 257 261 267 268 268 272 276 249 232 236 Distribution lines (m iles) 170 170 172 175 175 175 175 175 175 175 Streetlights 5,320 5,307 5,307 5,323 5,320 5,320 5,320 5,320 5,320 5,320 Sources: Various city departments.

Fiscal Years