Agenda packet — Coronado City Council, September 19, 2023

A G E N D A
CITY OF CORONADO CITY COUNCIL/
THE CITY OF CORONADO ACTING AS THE SUCCESSOR AGENCY TO THE COMMUNITY DEVELOPMENT AGENCY OF THE CITY OF CORONADO
Tuesday, September 19, 2023
Coronado City Hall Council Chamber
1825 Strand Way
Coronado, California 92118
CLOSED SESSION SPECIAL MEETING – 3:00 P.M.

REGULAR MEETING – 4:00 P.M.

In compliance with the Americans with Disabilities Act (ADA), if you need special assistance to participate in a City meeting or other services offered by this City, please contact the City Clerk’s office, (619) 522 7320. Assisted listening devices are available at this meeting. Ask the City Clerk if you desire to use this device. Upon request, the agenda and documents in the agenda packet can be made available in appropriate alternative formats to persons with a disability. Notification of at least 48 hours prior to the meeting or time when services are needed will assist the City staff in assuring that reasonable arrangements can be made to provide accessibility to the meeting or service.

CALIFORNIA ENVIRONMENTAL QUALITY ACT
The California Environmental Quality Act (“CEQA”) is the state law that requires the City to evaluate and document the potential environmental consequences of discretionary decision. (See, California Public Resources Code Sections 2100021189.3; and the “CEQA Guidelines” at California Code of Regulations Title 14, Division 6, Chapter 3, Sections 1500015387). For each item that requires a CEQA determination by the City Council, there is a reference to that determination on this agenda, and more information regarding the CEQA analysis is included in the documents that accompany this agenda. To the extent that City staff determines that particular items are not subject to CEQA, there will be no indication of a CEQA action on this agenda.

CLOSED SESSION SPECIAL MEETING – 3:00 P.M.

1. CALL TO ORDER/ROLL CALL

2. ANNOUNCEMENT OF CLOSED SESSION

3. CONFERENCE WITH LEGAL COUNSEL – ANTICIPATED LITIGATION Pursuant to Government Code section 54956.9(d)(2)
a. One (1) of Potential Case(s)
4CONFERENCEWITHLEGALCOUNSEL–EXISTINGLITIGATION
City of Coronado Page 1
CLOSED SESSION SPECIAL MEETING – 3:00 P.M.

1. CALL TO ORDER/ROLL CALL

2. ANNOUNCEMENT OF CLOSED SESSION

3. CONFERENCE WITH LEGAL COUNSEL – ANTICIPATED LITIGATION Pursuant to Government Code section 54956.9(d)(2)
a. One (1) of Potential Case(s)

4. CONFERENCE WITH LEGAL COUNSEL – EXISTING LITIGATION
Pursuant to Government Code section 54956.9(d)(1)
a. Player, et al v. City of Coronado
San Diego Superior Court Case 37202300038256CUWMCTL

5. COMMUNICATIONS ORAL:

Each person wishing to speak before the City Council on only matters listed on this agenda shall approach the City Council, give their name, and limit comments to three (3) minutes. Members of the public may also submit written comments on the City’s website, via email or request to provide live public comment via Zoom during the meeting. Requests for live public comment via Zoom must be made at least 24 hours in advance of the meeting. Please contact the City Clerk at (619) 5227321 or [email protected] for more information.

6. ADJOURN TO CLOSED SESSION
RECONVENE AND ANNOUNCE ACTION
REGULAR MEETING – 4:00 P.M.

1. CALL TO ORDER / ROLL CALL

2. INVOCATION AND PLEDGE OF ALLEGIANCE

3. MINUTES OF CITY COUNCIL/SUCCESSOR AGENCY:
a. Approval of the Minutes of the Regular Meeting of September 5, 2023

4. CEREMONIAL PRESENTATIONS
a. Proclamation: Suicide Prevention Month

5. CONSENT CALENDAR:

All items listed under this section are considered to be routine and will be acted upon with one motion. There will be no separate discussion of these items unless a member of the City Council or the public so requests, in which event, the item will be considered separately in its normal sequence.
a. APPROVAL OF READING BY TITLE AND WAIVER OF READING IN FULL OF ORDINANCES ON THIS AGENDA
Recommendation: Approve the reading by title and waive the reading in full of all Ordinances on the agenda.
b. REVIEW AND APPROVE THAT THE WARRANTS, AS CERTIFIED BY THE CITY/AGENCY TREASURER, ARE ALL CORRECT, JUST, AND CONFORM TO THE APPROVED BUDGET FOR FISCAL YEAR 202324
Recommendation: Approve the Warrants as certified by the City/Agency Treasurer. c. ADOPTION OF A RESOLUTION REDESIGNATING THE INTERSECTION OF OLIVE AVENUE AT D AVENUE AS STOP CONTROLLED
Recommendation: Adopt “A Resolution of the City Council of the City of Coronado, California, to redesignate the yield controlled intersection of Olive Avenue at D Avenue as stop controlled.”
d. ADOPTION OF A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CORONADO, CALIFORNIA, AUTHORIZING THE RECEIPT AND
APPROPRIATION OF 2023 REGIONAL REALIGNMENT RESPONSE GROUP FUNDS IN THE AMOUNT OF $5,000 PROVIDED BY THE COMMUNITY CORRECTIONS PARTNERSHIP (CCP) THROUGH THE COUNTY OF SAN DIEGO SHERIFF'S DEPARTMENT
Recommendation: Adopt “A Resolution of the City Council of the City of Coronado, California, authorizing the receipt and appropriation of 2023 Regional Realignment Response Group Funds in the amount of $5,000 provided by the Community Corrections Partnership (CCP) through the County of San Diego Sheriff’s Department.”

6. COMMUNICATIONS ORAL:

Each person wishing to speak before the City Council on matters not listed on this agenda shall approach the City Council, give their name, and limit comments to three (3) minutes. Members of the public may also submit written comments on the City’s website, via email or request to provide live public comment via Zoom during the meeting. Requests for live public comment via Zoom must be made at least 24 hours in advance of the meeting. Please contact the City Clerk at (619) 5227321 or [email protected] for more information.

7. CITY MANAGER/EXECUTIVE DIRECTOR:
a. Update on Council Directed Actions and Citizen Inquiries. (Informational Item)

8. PUBLIC HEARINGS: None.

9. COMMISSION AND COMMITTEE REPORTS: None.

8. PUBLIC HEARINGS: None.

9. COMMISSION AND COMMITTEE REPORTS: None.

10. CITY COUNCIL:
a. COUNCIL REPORTS ON INTERAGENCY COMMITTEE AND BOARD
ASSIGNMENTS. (Questions allowed to clarify but no responses, discussion or action.)
Recommendation: None.
b. RECEIVE AND FILE THE ANNUAL COMPREHENSIVE FINANCIAL REPORT FOR THE YEAR ENDING JUNE 30, 2022
Recommendation: Receive and file the City of Coronado Annual Comprehensive Financial Report for the year ending June 30, 2022.
c. INTRODUCTION AND FIRST READING OF AN ORDINANCE TO AMEND THE CORONADO MUNICIPAL CODE TO INCORPORATE EXPEDITED
PERMITTING FOR THE INSTALLATION OF ELECTRIC VEHICLE CHARGING STATIONS AND DETERMINATION THAT THE PROPOSED ORDINANCE IS EXEMPT FROM ENVIRONMENTAL REVIEW PURSUANT TO CEQA SECTION 15061(B)(3)
Recommendation: Conduct the first reading of the proposed Ordinance to amend Coronado Municipal Code title 70 by adding section 70.36 Electrical Vehicle Charging Stations (EVCS) and determine that the proposed Ordinance is exempt from environmental pursuant to California Environmental Quality Act (CEQA) section 15061(b)(3).

11. CITY ATTORNEY

12. COMMUNICATIONS WRITTEN:

13. ADJOURNMENT
A COPY OF THE AGENDA WITH THE BACKGROUND MATERIAL IS AVAILABLE FOR PUBLIC INSPECTION IN THE OFFICE OF THE CITY CLERK AT CITY HALL, AT THE PUBLIC LIBRARY, OR ON OUR WEBSITE AT www.coronado.ca.us
Writings and documents regarding an agenda item on an open session meeting, received after official posting and distributed to the Council for consideration, will be made available for public viewing at the City Clerk’s Office at City Hall, 1825 Strand Way, during normal business hours.

Materials submitted for consideration should be forwarded to the City Clerk’s Office at [email protected].

City of Coronado Page 4
(pg 55)
(pg 56)
(pg 258)
September 5, 2023 Coronado City Council Minutes Page 125

MINUTES OF THE

REGULAR MEETING OF THE
City Council of the City of Coronado
and the
City of Coronado Acting as the Successor Agency to the Community Development Agency of the City of Coronado
Held in the Council Chamber at:
1825 Strand Way
Coronado, California 92118
Tuesday, September 5, 2023
3:00 p.m. Closed Session Special Meeting
4:00 p.m. Regular Meeting
Note: The order in which items appear in the minutes is not necessarily the order in which they were discussed in the meeting.

1. CALL TO ORDER/ROLL CALL
The closed session special meeting of the City Council was called to order at 3:00 p.m. on Tuesday, September 5, 2023, in the City Council Chamber at City Hall with Mayor Bailey presiding.

A Quorum of members was present to conduct a meeting with the following results:

Present: (5) Councilmember Donovan; Councilmember Downey; Councilmember Duncan; Councilmember Tanaka;
Mayor Bailey.

Absent: (0) None.

Also Present: (3) City Manager/Agency Executive Director Tina Friend.

City Attorney/Agency Counsel Johanna N. Canlas.

City Clerk/Agency Secretary Kelsea Holian.

2. ANNOUNCEMENT OF CLOSED SESSION
Mayor Bailey announced closed session at 3:00 p.m.

3. CONFERENCE WITH LEGAL COUNSEL – ANTICIPATED LITIGATION Pursuant to Government Code section 54956.9(d)(2)
a. One potential case

4. CONFERENCE WITH LEGAL COUNSEL – EXISTING LITIGATION
Pursuant to Government Code section 54956.9(d)(1)
a. Frye v. City of Coronado, et al
San Diego Superior court Case 37-2023-0002250-CU-CR-CTL City of Coronado Page 5
September 5, 2023 Coronado City Council Minutes Page 126

5. CONFERENCE WITH LEGAL COUNSEL – INITIATION OF LITIGATION Pursuant to Government Code section 54956.9(d)(4)
a. One (1) of Potential Case(s)

6. COMMUNICATIONS – ORAL: None.

7. ADJOURN TO CLOSED SESSION
Mayor Bailey announced Closed Session recessed at 3:58 p.m. and that direction was provided.

1. CALL TO ORDER/ROLL CALL
The Regular Meeting of the City Council was called to order at 4:07 p.m. on Tuesday, September 5, 2023, in the City Council Chamber at City Hall with Mayor Bailey presiding.

A Quorum of members was present to conduct a meeting with the following results:

Present: (5) Councilmember Donovan; Councilmember Downey; Councilmember Duncan; Councilmember Tanaka;
Mayor Bailey.

Absent: (0) None.

Also Present: (3) City Manager/Agency Executive Director Tina Friend.

City Attorney/Agency Counsel Johanna N. Canlas.

City Clerk/Agency Secretary Kelsea Holian.

2. INVOCATION AND PLEDGE OF ALLEGIANCE
Mayor Bailey led the Pledge of Allegiance.

3. MINUTES
Carolyn Rogerson requested additions to Item 10a., citing written comments submitted to the Library Board of Trustees meeting. Councilmember Tanaka noted that the minutes were reflective of the report he provided and the additions were not necessary.

A motion to approve the minutes of the Regular Meeting of August 15, 2023, with corrections was made by Councilmember Downey and seconded by Councilmember Duncan.

The motion carried by the following results:

Yes: (5) Councilmember Donovan; Councilmember Downey;
Councilmember Duncan; Councilmember Tanaka;
Mayor Bailey.

City of Coronado Page 6
September 5, 2023 Coronado City Council Minutes Page 127

4. CEREMONIAL PRESENTATIONS

1. 4a. Proclamation: Arts in Education Week
Mayor Bailey read and presented the proclamation for Arts in Education Week to Rachel Strueber, Cultural Arts Commissioner, and Shane Schmeichel, Coronado Unified School District Director of Special Programs.

5. CONSENT CALENDAR
A motion to approve the Consent Calendar with the addition of Items 10d. and 12a. was made by Councilmember Downey and seconded by Councilmember Duncan.

The motion carried by the following results:

Yes: (5) Councilmember Donovan; Councilmember Downey;
Councilmember Duncan; Councilmember Tanaka;
Mayor Bailey.
5a. APPROVAL OF READING BY TITLE AND WAIVER OF READING IN FULL

OF ORDINANCES ON THIS AGENDA
Recommendation: Approve reading by title and waiving reading in full of all Ordinances on this agenda.

This item was approved under the Consent Calendar.
5b. REVIEW AND APPROVE THAT THE WARRANTS, AS CERTIFIED BY THE

CITY/AGENCY TREASURER, ARE ALL CORRECT, JUST, AND CONFORM TO THE APPROVED BUDGET FISCAL YEAR 2023-24
Recommendation: Approve the Warrants as certified by the City/Agency Treasurer.

This Financial Report was approved under the Consent Calendar. 5c. ADOPTION OF “A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CORONADO, CALIFORNIA, AMENDING ITS FISCAL YEAR 2023-24

PERSONNEL AUTHORIZATION AND COMPENSATION PLAN TO REFLECT CALENDAR YEAR 2024 CAFETERIA BENEFIT ALLOTMENT CHANGES” Recommendation: Adopt “A Resolution of the City Council of the City of Coronado, California, Amending its Fiscal Year 2023-24 Personnel Authorization and Compensation Plan to Reflect Calendar Year 2024 Cafeteria Benefit Allotment Changes.”
Resolution No. 2023-35 was adopted under the Consent Calendar.

City of Coronado Page 7
September 5, 2023 Coronado City Council Minutes Page 128 5d. SECOND READING AND ADOPTION OF “AN ORDINANCE OF THE CITY

COUNCIL OF THE CITY OF CORONADO, CALIFORNIA, AMENDING
CHAPTER 8.04, OF THE CITY OF CORONADO MUNICIPAL CODE
REGARDING PROCUREMENT REQUIREMENTS”
Recommendation: Conduct the second reading and adoption of “An Ordinance of the City Council of the City of Coronado, California, Amending Chapter 8.04 of the Coronado Municipal Code Regarding Procurement Requirements.” Ordinance No. 2023-02 was adopted under the Consent Calendar.

6. COMMISSION AND COMMITTEE REPORTS
a. Mobility Commission Update
Mobility Commission Vice Chair Robin Hagemann provided updates on the Commission’s Bayshore Bikeway project and requested City Council authorize staff to utilize instrumentation to gather data on the number of people who use the bikeway.

Mobility Commission Chair Dr. Howard Somers updated the council on the planned ferry fare hike and asked the City to formally express its dissatisfaction to both the California Public Utilities Commission and Flagship Cruises and initiate a reduced-rate ferry voucher system for Coronado residents.

7. COMMUNICATIONS – ORAL:

Jessica Tompane, Monica Olivares, Mike Yeager, Kristin Rinehart, Katie Yeager, Kelly Cahoon, Jim Rinehart, Monica Piepenkotter, Stephanie Dooley, Carolyn Rogerson, and Doris Besikof provided comments regarding book content in the Coronado Public Library’s youth section.

John Moutes, Vice President of Coronado Philharmonia Orchestra, expressed appreciation for allotted grant funds and announced details of the upcoming concert on September 9.

8. CITY MANAGER/EXECUTIVE DIRECTOR REPORT:
a. Update on Council-directed actions and citizen inquiries.

City Manager Tina Friend reported on recent successful activations of the emergency operations center and provided updates on the competition pool closure.

Kelsea Holian, City Clerk, introduced Sydney Roff, Deputy City Clerk. b. Annual Coronado Public Safety Open House on Sunday, October 8, 2023, from 5:30 a.m. to 5:00 p.m.

Fire Chief Jayson Summers provided information regarding the upcoming annual Coronado Public Safety Open House.

9. PUBLIC HEARINGS: None.

City of Coronado Page 8
September 5, 2023 Coronado City Council Minutes Page 129

10. COUNCIL BUSINESS:
10a. COUNCIL REPORTS ON INTER-AGENCY COMMITTEE AND BOARD

ASSIGNMENTS
Councilmember Downey reported on a letter she submitted to City Council regarding the environmental impact study related to the U.S. Navy’s proposal to increase port days for a third carrier within a year and reported her participation in meetings for the National League of Cities and Coronado Unified School District.

Councilmember Donovan provided an update regarding Assembly Bill 46, Military Services Retirement and Surviving Spouse Benefit Payment Act 2023-2024.

Councilmember Tanaka reported on his activities related to the Golf Course Advisory Committee.

Councilmember Duncan reported on his activities related to the San Diego Association of Governments, Metro Wastewater Joint Powers Authority, and Ad Hoc Cross Border Water Pollution Subcommittee.
10b. CONSIDERATION OF APPOINTMENT OF ONE STUDENT

REPRESENTATIVE TO SERVE A ONE-YEAR TERM ON THE PARKS AND

RECREATION COMMISSION
Sophia H. provided comments regarding her qualifications and her interest in being appointed.

The City Clerk called the names and recorded the votes as follows:

Selena H. 3 Votes
Sophia H. 5 Votes
Avery M. 3 Votes
The City Clerk called the names for the second round of voting and recorded the votes as follows:

Selena H. 0 Votes
Sophia H. 5 Votes
Avery M. 0 Votes
A motion to appoint Sophia H. as the student representative for the Parks and Recreation Commission with a term ending on September 30, 2024 was made by Mayor Bailey and seconded by Councilmember Downey.

City of Coronado Page 9
September 5, 2023 Coronado City Council Minutes Page 130 The motion carried by the following results:

Yes: (5) Councilmember Donovan; Councilmember Downey;
Councilmember Duncan; Councilmember Tanaka;
Mayor Bailey
10c. CONSIDER A PROPOSAL FROM CIRCUIT TO OPERATE AN ELECTRIC

MINI SHUTTLE PILOT PROGRAM
Richard Grunow, Director of Community Development, and Daniel Kramer, Head of Business Development for Circuit, provided presentations Councilmember Downey asked if any Circuit vehicle could accommodate a collapsible rollator or if a wheelchair-accessible vehicle would be required, and why the pilot program's duration was set for March through August. Mr. Kramer responded that all vehicles are equipped to handle either a collapsible rollator or a wheelchair. Mr. Grunow explained that the chosen timeframe aims to capture data both before and during the high visitor season but could be adjusted as needed.

Councilmember Donovan asked whether the expected greenhouse gas reductions were in line with the existing Climate Action Plan targets, and pricing models utilized by other Circuit users. Mr. Grunow responded that the projected ridership could surpass the current climate goals. Mr. Kramer added that the City of Oceanside initially offered a free pilot program but started charging upon its conclusion, Pacific Beach did not charge for the first three months but later introduced fees, and the City of Chula Vista initiated a free service but subsequently introduced pricing. The City of San Diego’s FRED (Free Ride Everywhere Downtown) program is still free of cost.

Mayor Bailey asked if there was any data showing the elasticity of the service when nominal fees were introduced. Mr. Kramer stated that typically there was no overall decrease in demand when fees were introduced but rather a decrease in cancellations.

Councilmember Duncan asked what funding sources other agencies’ shuttle programs utilized and if any other agencies excluded hotels with geofencing. Mr. Kramer replied that some agencies received grant funding or pay for the service with parking meter fees and that he did not believe other agencies excluded hotels, noting that it was a source of revenue for the service.

Mayor Bailey asked if Circuit has any solely ridership funded operations. Mr. Kramer responded in the negative, noting that most agencies utilize advertising to subsidize the service cost.

Councilmembers and Mr. Kramer discussion ensued regarding the initial proposal that was structured as door-to-door service in the Village, proposed shuttle service in the Cays measuring ridership and its alterations after implementation, if necessary, requirement of highway-drivable vehicles to service the area, and that the vehicle was shared with multiple parties.

City of Coronado Page 10
September 5, 2023 Coronado City Council Minutes Page 131 Carolyn Rogerson asked if the data on carbon footprint removal accounted for only gas vehicles and cited the large number of electric vehicles in Coronado.

Jim Rinehart spoke in support of charging a fee to riders.

Karen Rodgers spoke in support of the pilot program.

Discussion ensued among the City Council regarding pilot program operations, ridership fees, suggested modifications, implementation processes in other city agencies, and grant funding.

A motion to approve a six-month pilot program from April through September 2024 with door-to-door services in the Cays and Village and inclusion of hotels, free of charge, with the recommended hours, using the recommended number of vehicles, and implementation of a survey to gather ridership data including determining the number of cars taken off the road was made by Councilmember Downey and seconded by Councilmember Donovan.

Councilmember Donovan voiced support for the continuation of the summer shuttle service, inclusion of specific metrics in the evaluation process for service efficiency, which would encompass factors such as reduced wait times for passengers and the number of vehicles actively in service. He further noted the importance of gathering data on any cars that would otherwise be driven if not for the service and assessing the impact of the shuttle service on parking availability within the City.

Councilmember Duncan proposed an amendment to extend the hours of service on Friday and Saturday nights to 11:00 p.m.

Councilmember Downey agreed to the amendment and clarified the motion to include the revision. Councilmember Donovan reaffirmed his second.

Councilmember Tanaka noted that the service metrics should include the number of riders utilizing the service and the average wait time experienced by passengers, and his preference for initiating the service in the month of March.

Councilmember Downey amended her motion to have the six-month pilot program beginning in March and concluding in August and extending the pilot program if desired.

Councilmember Donovan reaffirmed his second.

Mayor Bailey provided comments regarding the program’s cost per rider and asked the Council to consider both the quantity of riders and the cost-basis criteria they would deem as indicative of a successful program once the pilot phase is completed.

The motion carried by the following results:

Yes: (4) Councilmember Donovan; Councilmember Downey;
Councilmember Duncan; Councilmember Tanaka;
No: (1) Mayor Bailey.

City of Coronado Page 11
September 5, 2023 Coronado City Council Minutes Page 132 10d. APPOINTMENT OF CITY COUNCIL REPRESENTATIVES TO SERVE ON

THE SAN DIEGO ASSOCIATION OF GOVERNMENTS BOARD AND POLICY

COMMITTEES
Recommendation: Request the City Council make determinations and ratify members to serve on the San Diego Association of Governments Board and Policy Committees.

This item was approved under the Consent Calendar with Councilmember Duncan as the primary representative, Councilmember Donovan as the first alternate and Mayor Bailey as the second alternate.

11. CITY ATTORNEY: None.

12. COMMUNICATIONS – WRITTEN
12a. RESPONSE LETTER TO THE 2022/2023 SAN DIEGO GRAND JURY REPORT ENTITLED “GOVERNANCE OF SAN DIEGO BAY AND ITS TIDAL LANDS AND REGIONS”
This item was reviewed under the Consent Calendar.

13. ADJOURNMENT
Mayor Bailey adjourned the Regular Meeting at 6:49 p.m. and the City Council reconvened the Closed Session Special Meeting.

The Closed Session Special Meeting adjourned at 7:20 p.m.

Approved: September 19, 2023
_____________________________________
RICHARD BAILEY, Mayor of the
City of Coronado
Attest:
_____________________________________
KELSEA HOLIAN, City Clerk of the
City of Coronado
City of Coronado Page 12
City of Coronado Page 13

THIS PAGE INTENTIONALLY LEFT BLANK
I hereby certify that the demands listed in the table below and on the attached vendor payment audit report for the City of Coronado and the City of Coronado Acting as the Successor Agency to the Community Development Agency of the City of Coronado are correct and just to the best of my knowledge and conform to approved budgets for Fiscal Year 2022/2023. Money is available in the proper funds to pay these demands.
_____________________________________________________
John J. Kim
Director of Administrative Services
_____________________________________________________
Mayor
Approved by the City Council on September 19,
2023
Agency Warrant(s) Voucher(s)
City of Coronado 20007170-90005652 V5002985-V5003045
City of Coronado Acting as the Successor
Agency to the Community Development
Agency of the City of Coronado
Voided Warrant(s) and Vouchers

Page 1 of 30 ends

Warrant List for City Council Meeting
September 19, 2023
90005651
City of Coronado Page 14
100 Non-Depart 10010000-80110 20007191 8/31/2023 SDG&E-(POLICE) 01 ACF ELEC JUL-AUG23 3,749.28 10010000-80110 3,749.28
100 Non-Depart 10010000-80111 20007191 8/31/2023 SDG&E-(POLICE) 01 ACF GAS JUL-AUG23 28.50 10010000-80111 28.50
100 Non-Depart 10010000-80112 20007173 8/31/2023 CAL-AM WATER (CITY

HALL ACCOUNT)
01 CH 6IN FIRE AUG23 72.23
10010000-80112 72.23
100 Non-Depart 10010000-80210 20007181 8/31/2023 AT&T/MCI (CITY MGR) 01 BAN 9391033623 AUG23 CW TLPRJ

76.64 10010000-80210 76.64
100 Non-Depart 10010000-80211 20007181 8/31/2023 AT&T/MCI (CITY MGR) 01 BAN 9391033624 AUG23 CW WAN

52.04 100 Non-Depart 10010000-80211 20007181 8/31/2023 AT&T/MCI (CITY MGR) 01 BAN9391033616 AUG23

ALARM LINES

76.52 100 Non-Depart 10010000-80211 20007181 8/31/2023 AT&T/MCI (CITY MGR) 01 BAN 9391033606 AUG23

ALARM LINE
287.50
10010000-80211 416.06
100 Non-Depart 10010000-80600 20007281 9/7/2023 CORONADO CAYS YACHT CLUB
00 CAYS PARK COMMUNITY
WORKSHOP #1
1,063.65
10010000-80600 1,063.65
100 Non-Depart 10010000-80650 5003027 9/7/2023 COFFEE AMBASSADOR, INC

02. COFFEE SUPPLY CH 353.83
10010000-80650 353.83
100 Legislativ 10011000-80030 20007273 9/7/2023 DAVID ALLEN JONES 01 LEGISLATIVE ADVOCACY SEP23
5,100.00
100 Legislativ 10011000-80030 20007273 9/7/2023 DAVID ALLEN JONES 01. LEGISLAT ADVOC AUG 2023 5,100.00 10011000-80030 10,200.00
100 CDSA Admin 10012202-80005 5003040 9/7/2023 DAVIS FARR LLP 01 FY24 CITY AUDIT - HOUSING

SUCCESOR AGENCY
1,078.00
10012202-80005 1,078.00
100 CDSA Admin 10012202-80040 20007200 8/31/2023 BURKE, WILLIAMS &

SORENSEN, LLP
HSG ELE 0065.004 8,122.00

Page 2 of 30 ends

FUND BUDGET UNITACCOUNT
CHECK
NUMBER
CHECK
DATE

NAME DESCRIPTION TRANSACTION
AMOUNT
Warrant List for City Council Meeting
September 19, 2023
City of Coronado Page 15
100 CDSA Admin 10012202-80040 20007200 8/31/2023 BURKE, WILLIAMS &

SORENSEN, LLP
HSG SUC 06 8200-0003 558.00
100 CDSA Admin 10012202-80040 20007261 9/7/2023 BURKE, WILLIAMS &

SORENSEN, LLP
HSC SUC 07 8200-0003 839.80
10012202-80040 9,519.80
100 Public Com 10012203-80030 5003043 9/7/2023 GRANICUS, LLC 09 CONTRACT SERVICES -

PROJECT CORONADO
8,586.75
10012203-80030 8,586.75
100 Public Com 10012203-80350 20007176 8/31/2023 EAGLE NEWSPAPER LLC 06 SUMMER SHUTTLE AD 306.00 100 Public Com 10012203-80350 20007176 8/31/2023 EAGLE NEWSPAPER LLC 00 CAYS PARK COMMUNITY

ENGAGEMENT SURVEY NOTICE
401.00
10012203-80350 707.00
100 Legal Serv 10012204-80040 20007200 8/31/2023 BURKE, WILLIAMS &

SORENSEN, LLP
RETAINER 03 8199-0001 #02 4,987.73
100 Legal Serv 10012204-80040 20007201 8/31/2023 BURKE, WILLIAMS &

SORENSEN, LLP
ADU 06 0001.007 70.80
10012204-80040 5,058.53
100 Legal Serv 10012204-80041 20007200 8/31/2023 BURKE, WILLIAMS &

SORENSEN, LLP
PS DEPT INV 06 0006.014 849.60
100 Legal Serv 10012204-80041 20007200 8/31/2023 BURKE, WILLIAMS &

SORENSEN, LLP
PRSNL 06 8199-0006 285.20
100 Legal Serv 10012204-80041 20007200 8/31/2023 BURKE, WILLIAMS &

SORENSEN, LLP
PD DEPT INV 06 0006.013 10,443.00
100 Legal Serv 10012204-80041 20007200 8/31/2023 BURKE, WILLIAMS &

SORENSEN, LLP
DILONARDO 06 0066.008 620.00
100 Legal Serv 10012204-80041 20007200 8/31/2023 BURKE, WILLIAMS &

SORENSEN, LLP
PRSNL 04 8199-0006 2,199.55
100 Legal Serv 10012204-80041 20007200 8/31/2023 BURKE, WILLIAMS &

SORENSEN, LLP
DILONDARDO 05 0066.008 3,424.50
100 Legal Serv 10012204-80041 20007200 8/31/2023 BURKE, WILLIAMS &

SORENSEN, LLP
PRSNL 05 8199-0006 109.60
100 Legal Serv 10012204-80041 20007200 8/31/2023 BURKE, WILLIAMS &

SORENSEN, LLP
PS DEPT INV 04 0006.014 16,134.00
100 Legal Serv 10012204-80041 20007200 8/31/2023 BURKE, WILLIAMS &

SORENSEN, LLP
PARKER 06 0065.002 1,271.00
100 Legal Serv 10012204-80041 20007200 8/31/2023 BURKE, WILLIAMS &

SORENSEN, LLP
DILONARDO 04 0066.008 11,697.15
100 Legal Serv 10012204-80041 20007200 8/31/2023 BURKE, WILLIAMS &

SORENSEN, LLP
PS DEPT INV 05 0006.014 2,147.60
100 Legal Serv 10012204-80041 20007201 8/31/2023 BURKE, WILLIAMS &

SORENSEN, LLP
GCWR 06 8199-0011 47.20
100 Legal Serv 10012204-80041 20007201 8/31/2023 BURKE, WILLIAMS &

SORENSEN, LLP
HDC MP 06 8199-0048 47.20
10012204-80041 49,275.60

Page 3 of 30 ends

FUND BUDGET UNITACCOUNT
CHECK
NUMBER
CHECK
DATE

NAME DESCRIPTION TRANSACTION
AMOUNT
Warrant List for City Council Meeting
September 19, 2023
City of Coronado Page 16
100 Legal Serv 10012204-80042 20007200 8/31/2023 BURKE, WILLIAMS &

SORENSEN, LLP
HERRON 06 0066.001 186.00
100 Legal Serv 10012204-80042 20007272 9/7/2023 MATTHEWS LAW GROUP, P.C.

01. OUTSIDE COUNSEL -

LITIGATION/SERVICES
1,437.00
10012204-80042 1,623.00
100 City Clerk 10013000-80030 20007227 9/7/2023 EAGLE NEWSPAPER LLC 01 LEGAL NOTICES 369.00 100 City Clerk 10013000-80030 20007252 9/7/2023 ROBERT HALF

INTERNATIONAL INC
00 TEMP SVS WE 08/11 1,584.00
100 City Clerk 10013000-80030 20007252 9/7/2023 ROBERT HALF

INTERNATIONAL INC

00. TEMP SVS WE 08/18 1,584.00
10013000-80030 3,537.00
100 City Clerk 10013000-80131 5003039 9/7/2023 AIS - ADVANCED IMAGING

STRATEGIES
01 Cty Clk Copier 52.67
10013000-80131 52.67
100 Finance Di 10014401-80005 5003040 9/7/2023 DAVIS FARR LLP 01 FY23 CITY AUDIT 7,781.00 100 Finance Di 10014401-80005 5003040 9/7/2023 DAVIS FARR LLP 01 FY24 CITY AUDIT - CITY AUDIT
3,133.00
100 Finance Di 10014401-80005 5003040 9/7/2023 DAVIS FARR LLP 01 FY24 CITY AUDIT -

FINANCIAL STATEMENT
PREPAR
3,750.00
100 Finance Di 10014401-80005 5003040 9/7/2023 DAVIS FARR LLP 01 FY24 CITY AUDIT - GASB 87 250.00 10014401-80005 14,914.00
100 Human Reso 10014402-80030 5003001 8/31/2023 KRONOS SAASHR INC 05 EE Timekeeping Jul23 1,590.69 10014402-80030 1,590.69
100 Human Reso 10014402-80055 5003036 9/7/2023 WILLSON SHIPPING INC. 05. PRE-EMPLOYMENT LIVE SCAN

30.00 10014402-80055 30.00
100 Human Reso 10014402-80390 20007204 8/31/2023 CORODATA SHREDDING, INC
00 AS Shred Svc Jul23 660.11
10014402-80390 660.11
100 Human Reso 10014402-80650 20007278 9/7/2023 ODP BUSINESS

SOLUTIONS, LLC

01. Office Supplies 18.04
100 Human Reso 10014402-80650 20007278 9/7/2023 ODP BUSINESS

SOLUTIONS, LLC

01. Office Supplies 18.31
100 Human Reso 10014402-80650 20007278 9/7/2023 ODP BUSINESS

SOLUTIONS, LLC

01. Office Supplies 39.22
100 Human Reso 10014402-80650 20007278 9/7/2023 ODP BUSINESS

SOLUTIONS, LLC

01.Office Supplies 64.63

Page 4 of 30 ends

FUND BUDGET UNITACCOUNT
CHECK
NUMBER
CHECK
DATE

NAME DESCRIPTION TRANSACTION
AMOUNT
Warrant List for City Council Meeting
September 19, 2023
City of Coronado Page 17
10014402-80650 140.20
100 Systems Ad 10014403-80030 20007252 9/7/2023 ROBERT HALF

INTERNATIONAL INC
TEMP SVS KH WE 08/18 1,267.20
100 Systems Ad 10014403-80030 5002995 8/31/2023 DELL MARKETING L.P. Microsoft Enterprise Agreement Renewal - Year 2
105,161.76
10014403-80030 106,428.96
100 Systems Ad 10014403-80210 20007189 8/31/2023 SPECTRUM BUSINESS 00 CABLE SVC AUG23 16.27 100 Systems Ad 10014403-80210 20007189 8/31/2023 SPECTRUM BUSINESS 00 CABLE SVC AUG23 145.55 100 Systems Ad 10014403-80210 20007189 8/31/2023 SPECTRUM BUSINESS 00 CABLE SVC AUG23 118.66 100 Systems Ad 10014403-80210 20007189 8/31/2023 SPECTRUM BUSINESS 00 CABLE SVC AUG23 16.28 100 Systems Ad 10014403-80210 20007237 9/7/2023 SPECTRUM BUSINESS 03 AUGUST23 LFGRD INTRNT 803.91 100 Systems Ad 10014403-80210 20007237 9/7/2023 SPECTRUM BUSINESS 03 AUGUST23 PD WIFI INTRNT 614.61 100 Systems Ad 10014403-80210 20007237 9/7/2023 SPECTRUM BUSINESS 03 AUGUST23 FIR CAY INTRNT 743.62 100 Systems Ad 10014403-80210 5003002 8/31/2023 COX BUSINESS 00. Internet City - PD 1,245.00 10014403-80210 3,703.90
100 Police Adm 10021101-80030 5003027 9/7/2023 COFFEE AMBASSADOR, INC
27 COFFEE SVCS 122.30
100 Police Adm 10021101-80030 5003027 9/7/2023 COFFEE AMBASSADOR, INC
27 COFFEE SVCS 280.24
100 Police Adm 10021101-80030 5003030 9/7/2023 LEXIPOL, LLC 18 SUPPLEMENTAL MANUALS 2,885.66 100 Police Adm 10021101-80030 20007270 9/7/2023 SUN RIDGE SYSTEMS, INC.
08 RIMS-CAD SUPPORT FY 24 39,023.00
100 Police Adm 10021101-80030 5003028 9/7/2023 AXON ENTERPRISE, INC. 23 BWC'S/EVIDENCE.COM/TASER

AGREEMENT
107,873.78
10021101-80030 150,184.98
100 Police Adm 10021101-80055 20007267 9/7/2023 NANCY K BOHL INC 01 COUNSELING SVCS - AUG 23 640.00 100 Police Adm 10021101-80055 20007225 9/7/2023 ST OF CA DEPT OF

JUSTICE-ACCOUNTING
06 APPLICANT FINGERPRINTS 490.00
100 Police Adm 10021101-80055 20007259 9/7/2023 PALOMAR HEALTH 03 FORENSIC EXAM 23-1523 1,350.00 100 Police Adm 10021101-80055 5003035 9/7/2023 CODE 4 INVESTIGATIONS, INC.
05 BACKGROUNDS -

BARTON/VALDOVINOS
1,925.00
100 Police Adm 10021101-80055 5003035 9/7/2023 CODE 4 INVESTIGATIONS, INC.
05 BACKGROUND-VELEZ 650.00
10021101-80055 5,055.00
100 Police Adm 10021101-80110 20007239 9/7/2023 SDG&E-(POLICE) PD ELECTRIC - JUL-AUG 23 #1 22,149.54 10021101-80110 22,149.54

Page 5 of 30 ends

FUND BUDGET UNITACCOUNT
CHECK
NUMBER
CHECK
DATE

NAME DESCRIPTION TRANSACTION
AMOUNT
Warrant List for City Council Meeting
September 19, 2023
City of Coronado Page 18
100 Police Adm 10021101-80111 20007239 9/7/2023 SDG&E-(POLICE) PD GASE JULY-AUG 23 #1 494.98 10021101-80111 494.98
100 Police Adm 10021101-80112 20007224 9/7/2023 CAL-AM WATER (POLICE

ACCOUNT)
01 DRINKING WATER-JUL 23 #1 450.66
100 Police Adm 10021101-80112 20007224 9/7/2023 CAL-AM WATER (POLICE

ACCOUNT)
01 IRRIGATION JULY 23 #1 1,015.87
10021101-80112 1,466.53
100 Police Adm 10021101-80120 20007266 9/7/2023 CORODATA SHREDDING, INC
02 SHRED SVC JULY 23 185.69
10021101-80120 185.69
100 Police Adm 10021101-80130 20007248 9/7/2023 BKM OFFICEWORKS 04 DISMANTLE FURNITURE 776.88 10021101-80130 776.88
100 Police Adm 10021101-80210 20007188 8/31/2023 SPECTRUM BUSINESS 08 PD TV JUNE23 340.92 100 Police Adm 10021101-80210 20007243 9/7/2023 VERIZON WIRELESS PD CELL PHONES JULY-AUG #1 4,602.94 100 Police Adm 10021101-80210 20007264 9/7/2023 AT&T (CALNET 3) 03 RECRUIT LINE JULY 23 #1 0.01 100 Police Adm 10021101-80210 20007264 9/7/2023 AT&T (CALNET 3) 03 DESK PHONES JUL-AUG #1 590.93 100 Police Adm 10021101-80210 5003032 9/7/2023 EQUIFAX INFORMATION

SERVICES LLC
10 CREDIT REPORTS 25.00
10021101-80210 5,559.80
100 Police Adm 10021101-80250 5003018 9/7/2023 ENTENMANN ROVIN CO 04 BADGE-STIESMEYER 326.39 100 Police Adm 10021101-80250 5003018 9/7/2023 ENTENMANN ROVIN CO 04 BADGES-DANG/HUTCHENS 627.78 100 Police Adm 10021101-80250 5003037 9/7/2023 CWA UNIFORMS INC 01 SVP UNIFORM-JOHNSON 155.59 10021101-80250 1,109.76
100 Police Adm 10021101-80330 20007288 9/7/2023 ONE-TIME VENDOR - EE REIMB
AMTRAK FARE-CCUG SEMINARMACIAS123.40
100 Police Adm 10021101-80330 20007293 9/7/2023 ONE-TIME VENDOR - PER DIEM
PER DIEM-ADAMS-SDCRLI 112.00
100 Police Adm 10021101-80330 20007295 9/7/2023 ONE-TIME VENDOR - PER DIEM
01 PER DIEM - WICKS-CLEARS
CONF
319.00
100 Police Adm 10021101-80330 20007284 9/7/2023 ONE-TIME VENDOR -

PARKING CITES

TUIT-CHAVIRA-SEXUAL

ASSAULT
365.00
100 Police Adm 10021101-80330 20007298 9/7/2023 ONE-TIME VENDOR - PER DIEM
01 PER DIEM-JONES-CLETS
CONF
232.00
100 Police Adm 10021101-80330 20007291 9/7/2023 ONE-TIME VENDOR - PER DIEM

PER DIEM-CHAN-BICYCLE
CLASS
203.00

Page 6 of 30 ends

FUND BUDGET UNITACCOUNT
CHECK
NUMBER
CHECK
DATE

NAME DESCRIPTION TRANSACTION
AMOUNT
Warrant List for City Council Meeting
September 19, 2023
City of Coronado Page 19
100 Police Adm 10021101-80330 20007294 9/7/2023 ONE-TIME VENDOR - PER DIEM

PER DIEM-CHAVIRA-SEXUAL

ASSAULT
319.00
100 Police Adm 10021101-80330 20007270 9/7/2023 SUN RIDGE SYSTEMS, INC.
01 RIMS CONF-RELOJ 1,315.00
100 Police Adm 10021101-80330 20007270 9/7/2023 SUN RIDGE SYSTEMS, INC.
01 RIMS CONF-HUTCHENS 1,315.00
100 Police Adm 10021101-80330 20007270 9/7/2023 SUN RIDGE SYSTEMS, INC.
01 RIMS CONF-HUGHES 1,315.00
100 Police Adm 10021101-80330 20007270 9/7/2023 SUN RIDGE SYSTEMS, INC.
01 RIMS CONF-SANDOVAL 1,315.00
100 Police Adm 10021101-80330 20007270 9/7/2023 SUN RIDGE SYSTEMS, INC.
01 RIMS CONF-MACIAS 1,315.00
100 Police Adm 10021101-80330 20007282 9/7/2023 ONE-TIME VENDOR -

PARKING CITES
01 TUITION-PALMORE-SRO
COURSE
133.00
100 Police Adm 10021101-80330 20007289 9/7/2023 ONE-TIME VENDOR - EE REIMB
MILEAGE-JONES-THREAT CONF 106.51
100 Police Adm 10021101-80330 20007296 9/7/2023 ONE-TIME VENDOR - PER DIEM
01 PER DIEM-MACIAS-CLETS
CONF
232.00
100 Police Adm 10021101-80330 20007297 9/7/2023 ONE-TIME VENDOR - PER DIEM
01 PER DIEM - GUERRAMARITIME COURSE725.00
100 Police Adm 10021101-80330 20007290 9/7/2023 ONE-TIME VENDOR - EE REIMB
AMTRAK FARE-CCUG SEMINARJONES123.40
100 Police Adm 10021101-80330 20007292 9/7/2023 ONE-TIME VENDOR - PER DIEM
01 PER DIEM-PALMORE-SROACADEMY319.00
100 Police Adm 10021101-80330 20007299 9/7/2023 ONE-TIME VENDOR - PER DIEM
01 PER DIEM - SELLERSMARITIME COURSE725.00
100 Police Adm 10021101-80330 20007285 9/7/2023 ONE-TIME VENDOR -

PARKING CITES
01 TUITION-CEDENO-SPECIAL
EVENTS
799.00
10021101-80330 11,411.31
100 Police Adm 10021101-80340 20007256 9/7/2023 RAYNE 10 DRINKING WATER 130.50 100 Police Adm 10021101-80340 20007258 9/7/2023 EL TAPATIO

RESTAURANT INC
11 DEPT MEETING CATERING 1,751.69
10021101-80340 1,882.19
100 Police Adm 10021101-80520 5003022 9/7/2023 SAN DIEGO POLICE

EQUIPMENT CO INC
03 AMMUNITION 3,851.80
10021101-80520 3,851.80
100 Police Adm 10021101-80650 20007226 9/7/2023 CORONADO LOCK AND KEY
01 MASTER KEYS 54.93
100 Police Adm 10021101-80650 20007245 9/7/2023 NATIONAL EMBLEM, INC 02 EVIDENCE TECH PATCHES 310.22 100 Police Adm 10021101-80650 20007260 9/7/2023 EAGLE GRAPHICS INC. 02 NAMEPLATE FOR PLAQUE 37.23 100 Police Adm 10021101-80650 5003018 9/7/2023 ENTENMANN ROVIN CO 02 BADGES - WALTERS 191.94 10021101-80650 594.32
100 Police Fie 10021102-80030 20007262 9/7/2023 PHOENIX GROUP

INFORMATION SYSTEMS
03 PARKING CITATION PROC
FEES JULY 2023
3,513.48
10021102-80030 3,513.48

Page 7 of 30 ends

FUND BUDGET UNITACCOUNT
CHECK
NUMBER
CHECK
DATE

NAME DESCRIPTION TRANSACTION
AMOUNT
Warrant List for City Council Meeting
September 19, 2023
City of Coronado Page 20
100 Police Fie 10021102-80130 20007265 9/7/2023 BMW MOTORCYCLES OF

ESCONDIDO
03 MOTOR MTC - 83262 370.85
100 Police Fie 10021102-80130 20007265 9/7/2023 BMW MOTORCYCLES OF

ESCONDIDO
03 MOTOR MTC 83262 771.20
10021102-80130 1,142.05
100 Police Fie 10021102-80650 5003037 9/7/2023 CWA UNIFORMS INC 06 HONORGUARD UNIFORMCEDENO

86.19 10021102-80650 86.19
100 Fire Servi 10025501-70032 5003025 9/7/2023 ACE UNIFORMS &

ACCESSORIES

01. BEAUMONT UNIF ITEMS 313.55
100 Fire Servi 10025501-70032 5003025 9/7/2023 ACE UNIFORMS &

ACCESSORIES

01. BEAUMONT UNIF ITEMS 255.37
10025501-70032 568.92
100 Fire Servi 10025501-80030 5003005 8/31/2023 ST OF CA DEPT OF

HEALTH CARE SVCS

14. 2023-2 PP-GEMT-IGT 16,435.24
100 Fire Servi 10025501-80030 20007267 9/7/2023 NANCY K BOHL INC 08. 7/23 CRISIS COUNSELING 550.00 100 Fire Servi 10025501-80030 20007267 9/7/2023 NANCY K BOHL INC 08. 8/23 CRISIS COUNSELING 550.00 10025501-80030 17,535.24
100 Fire Servi 10025501-80110 20007234 9/7/2023 SDG&E-(FIRE SRV

ACCOUNT)

01. 8/23 HQ ELEC 5,204.15
10025501-80110 5,204.15
100 Fire Servi 10025501-80111 20007183 8/31/2023 SDG&E-(FIRE SRV

ACCOUNT)

01. 8/23 HQ GAS 93.83
10025501-80111 93.83
100 Fire Servi 10025501-80130 5003007 8/31/2023 JOINT CONCEPT

MAITENANCE AND

TESTING, LLC

07. EMS BOTTLE HYDRO 88.00
100 Fire Servi 10025501-80130 5003041 9/7/2023 AMAZON CAPITAL

SERVICES INC

04. BUCKETS 88.48
100 Fire Servi 10025501-80130 5003041 9/7/2023 AMAZON CAPITAL

SERVICES INC

04. APPARATUS ORGANIZER 240.24
100 Fire Servi 10025501-80130 5003041 9/7/2023 AMAZON CAPITAL

SERVICES INC

03. EQUIPMENT FUEL 210.09
100 Fire Servi 10025501-80130 5003041 9/7/2023 AMAZON CAPITAL

SERVICES INC

08. FLASHLIGHT BATTERIES 45.52
10025501-80130 672.33
100 Fire Servi 10025501-80131 5003045 9/7/2023 BOUND TREE MEDICAL LLC

02. AED PADS 2,222.84
100 Fire Servi 10025501-80131 5003039 9/7/2023 AIS - ADVANCED IMAGING

STRATEGIES
02 FD Cays Copier 0.10

Page 8 of 30 ends

FUND BUDGET UNITACCOUNT
CHECK
NUMBER
CHECK
DATE

NAME DESCRIPTION TRANSACTION
AMOUNT
Warrant List for City Council Meeting
September 19, 2023
City of Coronado Page 21
10025501-80131 2,222.94
100 Fire Servi 10025501-80210 20007189 8/31/2023 SPECTRUM BUSINESS 00 CABLE SVC AUG23 71.22 100 Fire Servi 10025501-80210 5003041 9/7/2023 AMAZON CAPITAL

SERVICES INC

03. PHONE CHARGERS 299.32
100 Fire Servi 10025501-80210 20007237 9/7/2023 SPECTRUM BUSINESS 03 AUGUST23 FIRE TVs 87.65 100 Fire Servi 10025501-80210 20007180 8/31/2023 AT&T (CORONADO FIRE DEPT)

01. 7/23 CAYS 911 26.02
100 Fire Servi 10025501-80210 20007180 8/31/2023 AT&T (CORONADO FIRE DEPT)

01. 7/23 CAYS FAX 24.48
100 Fire Servi 10025501-80210 20007180 8/31/2023 AT&T (CORONADO FIRE DEPT)

01. 7/23 TELESTAFF 125.99
100 Fire Servi 10025501-80210 20007180 8/31/2023 AT&T (CORONADO FIRE DEPT)

01. 7/23 HQ FAX 24.48
100 Fire Servi 10025501-80210 20007180 8/31/2023 AT&T (CORONADO FIRE DEPT)

01. 7/23 HQ 911 26.02
100 Fire Servi 10025501-80210 20007242 9/7/2023 VERIZON WIRELESS 02. 8/23 FD CELL 173.78 100 Fire Servi 10025501-80210 20007242 9/7/2023 VERIZON WIRELESS 04. 8/23 FD IPADS 570.15 10025501-80210 1,429.11
100 Fire Servi 10025501-80280 20007170 8/31/2023 ARAMARK UNIFORM & CAREER

01. 36 0823 TOWEL MAT 94.62
100 Fire Servi 10025501-80280 20007170 8/31/2023 ARAMARK UNIFORM & CAREER

01. 37 0823 TOWEL MAT 71.50
10025501-80280 166.12
100 Fire Servi 10025501-80340 5003041 9/7/2023 AMAZON CAPITAL

SERVICES INC

14. FIREWORKS STORAGE 21.53
100 Fire Servi 10025501-80340 5003041 9/7/2023 AMAZON CAPITAL

SERVICES INC

14. UV LIGHT CASE 89.86
100 Fire Servi 10025501-80340 5003041 9/7/2023 AMAZON CAPITAL

SERVICES INC

14. ORGANIZATION SUPPLIES 25.62
100 Fire Servi 10025501-80340 20007182 8/31/2023 SDCFCA -

ADMINISTRATIVE

SECTION

12. FY24 MBR LMARTINEZ 60.00
100 Fire Servi 10025501-80340 20007182 8/31/2023 SDCFCA -

ADMINISTRATIVE

SECTION

12. FY24 MBR RGLORIOSO 30.00
100 Fire Servi 10025501-80340 5003004 8/31/2023 AMAZON CAPITAL

SERVICES INC

06. PREV IPAD COVER 62.48
10025501-80340 289.49
100 Fire Servi 10025501-80560 20007231 9/7/2023 LIFE ASSIST, INC. 01. EMS SUPPLIES 1,429.82 10025501-80560 1,429.82
100 Fire Servi 10025501-80575 5003041 9/7/2023 AMAZON CAPITAL

SERVICES INC

01. LNTB AUDIO UPGRADES 287.60
100 Fire Servi 10025501-80575 5003041 9/7/2023 AMAZON CAPITAL

SERVICES INC

01. LNTB ITEMS 124.14

Page 9 of 30 ends

FUND BUDGET UNITACCOUNT
CHECK
NUMBER
CHECK
DATE

NAME DESCRIPTION TRANSACTION
AMOUNT
Warrant List for City Council Meeting
September 19, 2023
City of Coronado Page 22
10025501-80575 411.74
100 Fire Servi 10025501-80610 20007205 8/31/2023 NATIONWIDE MEDICAL

SURGICAL INC

01. EMS SUPPLIES 60.74
100 Fire Servi 10025501-80610 20007205 8/31/2023 NATIONWIDE MEDICAL

SURGICAL INC

01. EMS SUPPLIES 1,658.55
100 Fire Servi 10025501-80610 5003008 8/31/2023 BOUND TREE MEDICAL LLC

01. EMS SUPPLIES 560.19
100 Fire Servi 10025501-80610 5003008 8/31/2023 BOUND TREE MEDICAL LLC

01. EMS SUPPLIES 1,330.78
100 Fire Servi 10025501-80610 5003008 8/31/2023 BOUND TREE MEDICAL LLC

01. EMS SUPPLIES 60.04
10025501-80610 3,670.30
100 Fire Servi 10025501-80650 20007179 8/31/2023 LIFE ASSIST, INC. 11.CANCER PREV HAND SOAP 241.66 100 Fire Servi 10025501-80650 5003019 9/7/2023 FIRE ETC 07. TURNOUT CLEANER 534.83 100 Fire Servi 10025501-80650 5003019 9/7/2023 FIRE ETC 08. NEW HIRE HELMETS 700.38 100 Fire Servi 10025501-80650 5003041 9/7/2023 AMAZON CAPITAL

SERVICES INC

01. OFFICE SUPPLIES 135.91
100 Fire Servi 10025501-80650 5003041 9/7/2023 AMAZON CAPITAL

SERVICES INC

01. OFFICE SUPPLIES 269.31
100 Fire Servi 10025501-80650 5003041 9/7/2023 AMAZON CAPITAL

SERVICES INC

01. OFFICE SUPPLIES 24.54
100 Fire Servi 10025501-80650 20007232 9/7/2023 QUILL CORPORATION 01. OFFICE SUPPLIES 49.77 100 Fire Servi 10025501-80650 5003004 8/31/2023 AMAZON CAPITAL

SERVICES INC

01. OFFICE SUPPLIES 29.70
100 Fire Servi 10025501-80650 5003004 8/31/2023 AMAZON CAPITAL

SERVICES INC

02. BADGE SHROUDS 23.68
100 Fire Servi 10025501-80650 5003018 9/7/2023 ENTENMANN ROVIN CO 02. CHIEF BADGE 155.49 100 Fire Servi 10025501-80650 20007268 9/7/2023 AFECO, INC. 08. PPE REPAIRS 46.75 100 Fire Servi 10025501-80650 20007268 9/7/2023 AFECO, INC. 07. PPE REPAIR 536.88 100 Fire Servi 10025501-80650 5003033 9/7/2023 MUNICIPAL EMERGENCY SERVICES, INC.

08. NEW HIRE SHROUDS 146.52
10025501-80650 2,895.42
100 Fire Servi 10025501-90030 5003041 9/7/2023 AMAZON CAPITAL

SERVICES INC

02. STATION FURNITURE 269.89
10025501-90030 269.89
100 Fire Servi 10025501-90040 20007242 9/7/2023 VERIZON WIRELESS 05. MATEY PHONE 149.74 10025501-90040 149.74
100 Disaster P 10025502-80210 20007180 8/31/2023 AT&T (CORONADO FIRE DEPT)

02. 7/23 EOC PHONES 165.63
100 Disaster P 10025502-80210 20007242 9/7/2023 VERIZON WIRELESS 01. 8/23 DP IPAD 38.01

Page 10 of 30 ends

FUND BUDGET UNITACCOUNT
CHECK
NUMBER
CHECK
DATE

NAME DESCRIPTION TRANSACTION
AMOUNT
Warrant List for City Council Meeting
September 19, 2023
City of Coronado Page 23
100 Disaster P 10025502-80210 20007280 9/7/2023 AT&T MOBILITY, LLC 01. DP CELL 7/23 49.96 10025502-80210 253.60
100 Fire/Beach 10025503-80110 20007235 9/7/2023 SDG&E-(LIFEGUARD ACCT)

01. 8/23 LG ELEC 1,717.37
10025503-80110 1,717.37
100 Fire/Beach 10025503-80130 5003041 9/7/2023 AMAZON CAPITAL

SERVICES INC

04. COTTER PINS 30.28
10025503-80130 30.28
100 Fire/Beach 10025503-80131 5003039 9/7/2023 AIS - ADVANCED IMAGING

STRATEGIES
02 LG Copier 28.38
10025503-80131 28.38
100 Fire/Beach 10025503-80210 20007180 8/31/2023 AT&T (CORONADO FIRE DEPT)

01. 7/23 TWR ALARM 123.92
100 Fire/Beach 10025503-80210 20007180 8/31/2023 AT&T (CORONADO FIRE DEPT)

01. 7/23 LG FAX 24.48
100 Fire/Beach 10025503-80210 20007242 9/7/2023 VERIZON WIRELESS 04. 8/23 LG CELL 82.80 100 Fire/Beach 10025503-80210 20007242 9/7/2023 VERIZON WIRELESS 02. 8/23 LG IPADS 334.73 100 Fire/Beach 10025503-80210 20007242 9/7/2023 VERIZON WIRELESS 02. 8/23 LG SIM CARDS 228.06 100 Fire/Beach 10025503-80210 20007280 9/7/2023 AT&T MOBILITY, LLC 04. LG CELL 7/23 99.92 10025503-80210 893.91
100 Fire/Beach 10025503-80280 20007170 8/31/2023 ARAMARK UNIFORM & CAREER

02. LG 0823 TOWEL MAT 52.03
10025503-80280 52.03
100 Fire/Beach 10025503-80340 5002988 8/31/2023 SAN DIEGO COUNTY SHERIFF'S DEPT.

05. DRIVER AWARENESS INST 1,084.00
100 Fire/Beach 10025503-80340 5002988 8/31/2023 SAN DIEGO COUNTY SHERIFF'S DEPT.

05. DRIVER TRAINER INST 1,421.00
10025503-80340 2,505.00
100 Fire/Beach 10025503-80575 5003041 9/7/2023 AMAZON CAPITAL

SERVICES INC

01. BOAT MOTION LIGHT 32.96
10025503-80575 32.96
100 Fire/Beach 10025503-80650 5003041 9/7/2023 AMAZON CAPITAL

SERVICES INC

11. BOAT LIGHT ADPT 179.92
10025503-80650 179.92

Page 11 of 30 ends

FUND BUDGET UNITACCOUNT
CHECK
NUMBER
CHECK
DATE

NAME DESCRIPTION TRANSACTION
AMOUNT
Warrant List for City Council Meeting
September 19, 2023
City of Coronado Page 24
100 PS Admin 10030001-80110 20007186 8/31/2023 SDG&E-(PUBLIC

SERVICES ACCT)
01 ELEC 101 B AVE 7/15-8/14/23 805.15
10030001-80110 805.15
100 PS Admin 10030001-80111 20007186 8/31/2023 SDG&E-(PUBLIC

SERVICES ACCT)
01 NATGAS 7/15-8/14/23 7.42
10030001-80111 7.42
100 PS Admin 10030001-80210 20007244 9/7/2023 CELLCO PARTNERSHIP 02 CELL PHONES 7/11-8/10/23 386.28 100 PS Admin 10030001-80210 20007202 8/31/2023 AT&T (CALNET 3) 01 9391033621 PS 252.16 10030001-80210 638.44
100 PS Admin 10030001-80650 20007274 9/7/2023 NESTLE WATERS NORTH

AMERICA
01 WATER-ADMIN-1519 379.50
100 PS Admin 10030001-80650 5003027 9/7/2023 COFFEE AMBASSADOR, INC
01 COFFEE SUPPLIES 362.62
100 PS Admin 10030001-80650 20007221 9/7/2023 ARAMARK UNIFORM & CAREER
01 LS COTTON TEE STOCK 117.02
100 PS Admin 10030001-80650 20007221 9/7/2023 ARAMARK UNIFORM & CAREER
00 MATS/TOWELS AUG 23 13.41
100 PS Admin 10030001-80650 20007221 9/7/2023 ARAMARK UNIFORM & CAREER
00 UNIFORMS AUG 23 2.60
100 PS Admin 10030001-80650 20007221 9/7/2023 ARAMARK UNIFORM & CAREER
00 MATS/TOWELS AUG 23 13.41
100 PS Admin 10030001-80650 20007221 9/7/2023 ARAMARK UNIFORM & CAREER
00 UNIFORMS AUG 23 2.60
10030001-80650 891.16
100 Streets Di 10030002-80030 20007221 9/7/2023 ARAMARK UNIFORM & CAREER
01 MATS/TOWELS AUG 23 8.54
100 Streets Di 10030002-80030 20007221 9/7/2023 ARAMARK UNIFORM & CAREER
01 MATS/TOWELS AUG 23 8.54
10030002-80030 17.08
100 Streets Di 10030002-80110 20007186 8/31/2023 SDG&E-(PUBLIC

SERVICES ACCT)
01 ELEC 6/22-7/21/23 7,824.05
100 Streets Di 10030002-80110 20007186 8/31/2023 SDG&E-(PUBLIC

SERVICES ACCT)
01 ELEC 101 B AVE 7/15-8/14/23 1,878.69
10030002-80110 9,702.74
100 Streets Di 10030002-80111 20007186 8/31/2023 SDG&E-(PUBLIC

SERVICES ACCT)
01 NATGAS 7/15-8/14/23 17.33
10030002-80111 17.33

Page 12 of 30 ends

FUND BUDGET UNITACCOUNT
CHECK
NUMBER
CHECK
DATE

NAME DESCRIPTION TRANSACTION
AMOUNT
Warrant List for City Council Meeting
September 19, 2023
City of Coronado Page 25
100 Streets Di 10030002-80133 20007233 9/7/2023 RCP BLOCK & BRICK, INC 03 SANDBAGS 435.76 100 Streets Di 10030002-80133 20007233 9/7/2023 RCP BLOCK & BRICK, INC 03 SAND BAGS 268.19 10030002-80133 703.95
100 Streets Di 10030002-80210 20007244 9/7/2023 CELLCO PARTNERSHIP 02 CELL PHONES 7/11-8/10/23 426.01 10030002-80210 426.01
100 Streets Di 10030002-80280 20007221 9/7/2023 ARAMARK UNIFORM & CAREER
01 UNIFORMS AUG 23 7.59
100 Streets Di 10030002-80280 20007221 9/7/2023 ARAMARK UNIFORM & CAREER
01 UNIFORMS AUG 23 7.59
10030002-80280 15.18
100 Streets Di 10030002-80575 20007250 9/7/2023 SANDLER BROTHERS 01 RAGS 129.71 10030002-80575 129.71
100 Streets Di 10030002-80650 20007274 9/7/2023 NESTLE WATERS NORTH

AMERICA
04 WATER-STREETS-0662 106.92
100 Streets Di 10030002-80650 20007221 9/7/2023 ARAMARK UNIFORM & CAREER
03 LS COTTON TEE STOCK 146.27
10030002-80650 253.19
100 Parks Divi 10030003-80030 20007277 9/7/2023 FOUR POINTS PEST MANAGEMENT, INC.
02 CONTRACT SERVICES PEST

CONTROL
325.00
100 Parks Divi 10030003-80030 20007221 9/7/2023 ARAMARK UNIFORM & CAREER
01 MATS/TOWELS AUG 23 23.17
100 Parks Divi 10030003-80030 20007221 9/7/2023 ARAMARK UNIFORM & CAREER
01 MATS/TOWELS AUG 23 23.17
100 Parks Divi 10030003-80030 5003023 9/7/2023 WEST COAST ARBORISTS, INC.
03 CONTRACT SERVICES WCA -

TREE TRIMMING
1,340.00
10030003-80030 1,711.34
100 Parks Divi 10030003-80110 20007186 8/31/2023 SDG&E-(PUBLIC

SERVICES ACCT)
01 ELEC 6/22-7/21/23 369.63
100 Parks Divi 10030003-80110 20007186 8/31/2023 SDG&E-(PUBLIC

SERVICES ACCT)
01 ELEC 101 B AVE 7/15-8/14/23 1,699.77
100 Parks Divi 10030003-80110 20007186 8/31/2023 SDG&E-(PUBLIC

SERVICES ACCT)
01 1651 STRAND WAY 74.91
100 Parks Divi 10030003-80110 20007236 9/7/2023 SDG&E-(PUBLIC

SERVICES ACCT)
01 1124 ADELLA AVE 470.60
100 Parks Divi 10030003-80110 20007236 9/7/2023 SDG&E-(PUBLIC

SERVICES ACCT)
01 648 POMONA AVE 14.83
100 Parks Divi 10030003-80110 20007236 9/7/2023 SDG&E-(PUBLIC

SERVICES ACCT)
01 790 POMONA AVE 14.83
10030003-80110 2,644.57

Page 13 of 30 ends

FUND BUDGET UNITACCOUNT
CHECK
NUMBER
CHECK
DATE

NAME DESCRIPTION TRANSACTION
AMOUNT
Warrant List for City Council Meeting
September 19, 2023
City of Coronado Page 26
100 Parks Divi 10030003-80111 20007186 8/31/2023 SDG&E-(PUBLIC

SERVICES ACCT)
01 NATGAS 7/15-8/14/23 15.68
10030003-80111 15.68
100 Parks Divi 10030003-80131 5003039 9/7/2023 AIS - ADVANCED IMAGING

STRATEGIES
01 PS Park Copier 11.11
10030003-80131 11.11
100 Parks Divi 10030003-80135 20007228 9/7/2023 EWING IRRIGATION

PRODUCTS INC
01 R&M OUTSIDE IRRIGATION >
400 BLOCK ORANGE
1,025.09
10030003-80135 1,025.09
100 Parks Divi 10030003-80210 20007244 9/7/2023 CELLCO PARTNERSHIP 01 CELL PHONES 7/11-8/10/23 457.12 100 Parks Divi 10030003-80210 20007287 9/7/2023 ONE-TIME VENDOR - EE REIMB
01 CELL PHONE ACCESSORIES

FOR MARCEL
112.06
100 Parks Divi 10030003-80210 20007202 8/31/2023 AT&T (CALNET 3) 01 9391033610 PARK 26.02 100 Parks Divi 10030003-80210 20007202 8/31/2023 AT&T (CALNET 3) 01 9391033625 PARK 52.04 10030003-80210 647.24
100 Parks Divi 10030003-80280 20007221 9/7/2023 ARAMARK UNIFORM & CAREER
01 UNIFORMS AUG 23 10.24
100 Parks Divi 10030003-80280 20007221 9/7/2023 ARAMARK UNIFORM & CAREER
01 UNIFORMS AUG 23 10.24
10030003-80280 20.48
100 Parks Divi 10030003-80575 20007255 9/7/2023 TERRA BELLA NURSERY, INC
02 MATERIALS - REPLACEMENT
PLANTINGS < LIBRARY
279.91
100 Parks Divi 10030003-80575 20007255 9/7/2023 TERRA BELLA NURSERY, INC
02 MATERIALS - PLANTING >

LIBRARY
258.28
10030003-80575 538.19
100 Parks Divi 10030003-80650 20007274 9/7/2023 NESTLE WATERS NORTH

AMERICA
01 WATER-PARKS-1293 132.71
100 Parks Divi 10030003-80650 20007241 9/7/2023 SHERRILL, INC 01 TREE CREW SAFETY

SUPPLIES

75.41 100 Parks Divi 10030003-80650 20007221 9/7/2023 ARAMARK UNIFORM & CAREER
02 LS COTTON TEE STOCK 365.68
100 Parks Divi 10030003-80650 20007240 9/7/2023 GRAINGER 04 SHOP SUPPLIES 61.17 100 Parks Divi 10030003-80650 20007240 9/7/2023 GRAINGER 03 MISC SUPPLIES SAFETY 156.09 100 Parks Divi 10030003-80650 20007240 9/7/2023 GRAINGER 04 ZIP TIES 19.87 100 Parks Divi 10030003-80650 20007240 9/7/2023 GRAINGER 04 SHOP TARPS 160.48 10030003-80650 971.41

Page 14 of 30 ends

FUND BUDGET UNITACCOUNT
CHECK
NUMBER
CHECK
DATE

NAME DESCRIPTION TRANSACTION
AMOUNT
Warrant List for City Council Meeting
September 19, 2023
City of Coronado Page 27
100 Fleet Divi 10030004-80030 20007221 9/7/2023 ARAMARK UNIFORM & CAREER
01 MATS/TOWELS AUG 23 15.85
100 Fleet Divi 10030004-80030 20007221 9/7/2023 ARAMARK UNIFORM & CAREER
01 MATS/TOWELS AUG 23 15.85
10030004-80030 31.70
100 Fleet Divi 10030004-80110 20007186 8/31/2023 SDG&E-(PUBLIC

SERVICES ACCT)
01 ELEC 101 B AVE 7/15-8/14/23 984.08
10030004-80110 984.08
100 Fleet Divi 10030004-80111 20007186 8/31/2023 SDG&E-(PUBLIC

SERVICES ACCT)
01 NATGAS 7/15-8/14/23 9.08
10030004-80111 9.08
100 Fleet Divi 10030004-80130 5003024 9/7/2023 R.D. OFFUTT COMPANY 04 RADIATOR CAP UNIT 5341 75.00 100 Fleet Divi 10030004-80130 5003026 9/7/2023 KIMBALL MIDWEST, INC 09 GRINDING DISC UNIT #16- 798

24.13 100 Fleet Divi 10030004-80130 20007269 9/7/2023 WANCO INC 02 TOUCH SCREEN UNIT 2-28 1,754.00 100 Fleet Divi 10030004-80130 20007172 8/31/2023 BROYHILL

MANUFACTURING

COMPANY
09 UNIT #16-1 A/C SWITCH 191.82
100 Fleet Divi 10030004-80130 20007229 9/7/2023 NAPA AUTO PARTS 06 UNIT #5-404 STARTER 242.05 100 Fleet Divi 10030004-80130 20007229 9/7/2023 NAPA AUTO PARTS 06 CREDIT STARTER UNIT #5- 404 WO 256080
-155.74
100 Fleet Divi 10030004-80130 20007229 9/7/2023 NAPA AUTO PARTS 06 UNIT #5-404 STARTER,

MOTOR AND CORE
239.48
100 Fleet Divi 10030004-80130 20007229 9/7/2023 NAPA AUTO PARTS 06 CORE CREDIT UNIT #5-404 -83.74 100 Fleet Divi 10030004-80130 20007196 8/31/2023 PERRY OF NATIONAL CITY
06 UNIT #5-8 WIPER MOTOR 52.61
100 Fleet Divi 10030004-80130 20007263 9/7/2023 FIRST CALL 06 FUSE KIT 41.19 100 Fleet Divi 10030004-80130 20007263 9/7/2023 FIRST CALL 02 UNIT 839 MINI BULB 194 4.08 100 Fleet Divi 10030004-80130 20007263 9/7/2023 FIRST CALL 06 LICENSE PLATE UNIT 5-439 14.75 100 Fleet Divi 10030004-80130 20007251 9/7/2023 PERRY OF NATIONAL CITY
02 BELT & BELT TENSIONER
UNIT 2-786
241.66
100 Fleet Divi 10030004-80130 20007251 9/7/2023 PERRY OF NATIONAL CITY
06 SWITCH UNIT 4-26 56.42
100 Fleet Divi 10030004-80130 20007251 9/7/2023 PERRY OF NATIONAL CITY
06 SOLENOID UNIT 4-26 157.25
100 Fleet Divi 10030004-80130 20007251 9/7/2023 PERRY OF NATIONAL CITY
06 SPARK PLUG UNIT 16-106 15.83
100 Fleet Divi 10030004-80130 20007251 9/7/2023 PERRY OF NATIONAL CITY
06 SWITCH UNIT 4-26 75.10
100 Fleet Divi 10030004-80130 20007251 9/7/2023 PERRY OF NATIONAL CITY
02 UNIT 840 PANEL COVER 87.30
100 Fleet Divi 10030004-80130 20007223 9/7/2023 BROYHILL

MANUFACTURING

COMPANY
09 NEUTRAL SWITCH UNIT 16-
798
459.75

Page 15 of 30 ends

FUND BUDGET UNITACCOUNT
CHECK
NUMBER
CHECK
DATE

NAME DESCRIPTION TRANSACTION
AMOUNT
Warrant List for City Council Meeting
September 19, 2023
City of Coronado Page 28
100 Fleet Divi 10030004-80130 20007223 9/7/2023 BROYHILL

MANUFACTURING

COMPANY
09 A/C FILTER UNIT 16-798 137.48
100 Fleet Divi 10030004-80130 20007271 9/7/2023 PACIFIC COAST AUTO

DETAIL CENTER IN
06 DETAIL WORK UNIT 5-847 273.75
10030004-80130 3,904.17
100 Fleet Divi 10030004-80131 5003039 9/7/2023 AIS - ADVANCED IMAGING

STRATEGIES
01 PS Flt Copier 12.06
10030004-80131 12.06
100 Fleet Divi 10030004-80210 20007238 9/7/2023 WILLY'S ELECTRONIC SUPPLY CO. INC.
02 IPAD CHARGER & CABLE 24.62
100 Fleet Divi 10030004-80210 20007244 9/7/2023 CELLCO PARTNERSHIP 02 CELL PHONES 7/11-8/10/23 1,858.43 10030004-80210 1,883.05
100 Fleet Divi 10030004-80280 20007221 9/7/2023 ARAMARK UNIFORM & CAREER
01 UNIFORMS AUG 23 34.35
100 Fleet Divi 10030004-80280 20007221 9/7/2023 ARAMARK UNIFORM & CAREER
01 UNIFORMS AUG 23 34.24
10030004-80280 68.59
100 Fleet Divi 10030004-80570 20007246 9/7/2023 TOPECO PRODUCTS 02 FASTENER STOCK

INVENTORY PD
1,122.65
100 Fleet Divi 10030004-80570 20007196 8/31/2023 PERRY OF NATIONAL CITY
02 ROTOR AND PADS 380.24
100 Fleet Divi 10030004-80570 20007263 9/7/2023 FIRST CALL 02 AIR, FUEL, OIL FILTER FOR STOCK

97.17 100 Fleet Divi 10030004-80570 20007263 9/7/2023 FIRST CALL 02 AIR & OIL FILTERS, FUEL

GLOVES, ADDITIVES
349.70
100 Fleet Divi 10030004-80570 20007263 9/7/2023 FIRST CALL 02 BELT CHANGER

MAINTAINER FOR STOCK
172.40
10030004-80570 2,122.16
100 Fleet Divi 10030004-80571 20007236 9/7/2023 SDG&E-(PUBLIC

SERVICES ACCT)
01 101 B AVE GAS 7/15-8/14 13.00
10030004-80571 13.00
100 Fleet Divi 10030004-80650 20007274 9/7/2023 NESTLE WATERS NORTH

AMERICA
05 WATER-FLEET-1428 77.94
100 Fleet Divi 10030004-80650 20007263 9/7/2023 FIRST CALL 05 DRIP PANS SHOP 80.76 100 Fleet Divi 10030004-80650 20007221 9/7/2023 ARAMARK UNIFORM & CAREER
02 LS COTTON TEE STOCK 146.27
10030004-80650 304.97
100 Fleet Divi 10030004-90055 20007240 9/7/2023 GRAINGER 01 SAWSALL AND GRINDER TOOLS
416.00
10030004-90055 416.00

Page 16 of 30 ends

FUND BUDGET UNITACCOUNT
CHECK
NUMBER
CHECK
DATE

NAME DESCRIPTION TRANSACTION
AMOUNT
Warrant List for City Council Meeting
September 19, 2023
City of Coronado Page 29
100 Facilities 10030005-80030 5003038 9/7/2023 MERJAN ENTERPRISES INC
04 INSTALL OF

SECURITY/ALARM

COMPONENTS
6,876.15
100 Facilities 10030005-80030 20007221 9/7/2023 ARAMARK UNIFORM & CAREER
01 MATS/TOWELS AUG 23 10.97
100 Facilities 10030005-80030 20007221 9/7/2023 ARAMARK UNIFORM & CAREER
01 MATS/TOWELS AUG 23 10.97
10030005-80030 6,898.09
100 Facilities 10030005-80110 20007186 8/31/2023 SDG&E-(PUBLIC

SERVICES ACCT)
01 ELEC 101 B AVE 7/15-8/14/23 715.69
10030005-80110 715.69
100 Facilities 10030005-80111 20007186 8/31/2023 SDG&E-(PUBLIC

SERVICES ACCT)
01 NATGAS 7/15-8/14/23 6.60
10030005-80111 6.60
100 Facilities 10030005-80210 20007244 9/7/2023 CELLCO PARTNERSHIP 01 CELL PHONES 7/11-8/10/23 527.74 100 Facilities 10030005-80210 20007202 8/31/2023 AT&T (CALNET 3) 02 9391033611 ROTARY 223.02 10030005-80210 750.76
100 Facilities 10030005-80280 20007221 9/7/2023 ARAMARK UNIFORM & CAREER
01 UNIFORMS AUG 23 4.67
100 Facilities 10030005-80280 20007221 9/7/2023 ARAMARK UNIFORM & CAREER
01 UNIFORMS AUG 23 4.67
10030005-80280 9.34
100 Facilities 10030005-80650 20007274 9/7/2023 NESTLE WATERS NORTH

AMERICA
02 WATER-WWO-1477 124.46
100 Facilities 10030005-80650 20007275 9/7/2023 AMAZON.COM SALES, INC 01 KEYBOARD - SAM BROWN 311.54 100 Facilities 10030005-80650 20007221 9/7/2023 ARAMARK UNIFORM & CAREER
02 LS COTTON TEE STOCK 175.52
10030005-80650 611.52
100 Beach Divi 10030006-80030 20007221 9/7/2023 ARAMARK UNIFORM & CAREER
01 MATS/TOWELS AUG 23 8.54
100 Beach Divi 10030006-80030 20007221 9/7/2023 ARAMARK UNIFORM & CAREER
01 MATS/TOWELS AUG 23 8.54
10030006-80030 17.08
100 Beach Divi 10030006-80110 20007186 8/31/2023 SDG&E-(PUBLIC

SERVICES ACCT)
01 ELEC 6/22-7/21/23 336.65
100 Beach Divi 10030006-80110 20007186 8/31/2023 SDG&E-(PUBLIC

SERVICES ACCT)
01 ELEC 101 B AVE 7/15-8/14/23 894.62
10030006-80110 1,231.27

Page 17 of 30 ends

FUND BUDGET UNITACCOUNT
CHECK
NUMBER
CHECK
DATE

NAME DESCRIPTION TRANSACTION
AMOUNT
Warrant List for City Council Meeting
September 19, 2023
City of Coronado Page 30
100 Beach Divi 10030006-80111 20007186 8/31/2023 SDG&E-(PUBLIC

SERVICES ACCT)
01 NATGAS 7/15-8/14/23 8.25
10030006-80111 8.25
100 Beach Divi 10030006-80120 5003020 9/7/2023 HAWTHORNE

MACHINERY CO,INC
02 LOADER LEASE 3,232.50
10030006-80120 3,232.50
100 Beach Divi 10030006-80131 5003039 9/7/2023 AIS - ADVANCED IMAGING

STRATEGIES
01 PS Bch Copier 2.49
10030006-80131 2.49
100 Beach Divi 10030006-80210 20007244 9/7/2023 CELLCO PARTNERSHIP 01 CELL PHONES 7/11-8/10/23 139.22 10030006-80210 139.22
100 Beach Divi 10030006-80280 20007221 9/7/2023 ARAMARK UNIFORM & CAREER
01 UNIFORMS AUG 23 1.94
100 Beach Divi 10030006-80280 20007221 9/7/2023 ARAMARK UNIFORM & CAREER
01 UNIFORMS AUG 23 1.94
10030006-80280 3.88
100 Beach Divi 10030006-80650 20007274 9/7/2023 NESTLE WATERS NORTH

AMERICA
04 WATER-BEACH-6761 16.47
100 Beach Divi 10030006-80650 20007221 9/7/2023 ARAMARK UNIFORM & CAREER
02 LS COTTON TEE STOCK 43.88
100 Beach Divi 10030006-80650 20007240 9/7/2023 GRAINGER 05 SHOP TARPS 55.30 100 Beach Divi 10030006-80650 20007240 9/7/2023 GRAINGER 01 RESTROOM SUPPLIES 72.61 100 Beach Divi 10030006-80650 20007240 9/7/2023 GRAINGER 05 SHOP SUPPLY CARD 49.83 100 Beach Divi 10030006-80650 20007240 9/7/2023 GRAINGER 03 GLOVES 1,004.62 10030006-80650 1,242.71
100 Engineerin 10030007-80055 5002997 8/31/2023 PSOMAS 6TH STREET ALLEY PONDING

EVALUATION JULY
10,797.67
10030007-80055 10,797.67
100 Engineerin 10030007-80210 20007244 9/7/2023 CELLCO PARTNERSHIP 01 CELL PHONES 7/11-8/10/23 484.67 10030007-80210 484.67
100 Engineerin 10030007-80650 20007194 8/31/2023 IPM LITHOGRAPHICS, INC 2000 PLUS SELF INKING STAMP 114.22 10030007-80650 114.22

Page 18 of 30 ends

FUND BUDGET UNITACCOUNT
CHECK
NUMBER
CHECK
DATE

NAME DESCRIPTION TRANSACTION
AMOUNT
Warrant List for City Council Meeting
September 19, 2023
City of Coronado Page 31
100 Library De 10050000-80110 20007185 8/31/2023 SDG&E-(LIBRARY ACCT) 01 ELECTRIC 7/15-8/14 17,437.52 10050000-80110 17,437.52
100 Library De 10050000-80111 20007185 8/31/2023 SDG&E-(LIBRARY ACCT) 01 GAS 7/15-8/14 29.87 10050000-80111 29.87
100 Library De 10050000-80132 20007226 9/7/2023 CORONADO LOCK AND KEY
01 KEYS 51.18
100 Library De 10050000-80132 20007226 9/7/2023 CORONADO LOCK AND KEY
01 KEYS 15.09
10050000-80132 66.27
100 Library De 10050000-80210 20007249 9/7/2023 T-MOBILE 01 HOT SPOTS SERVICE 294.00 100 Library De 10050000-80210 20007202 8/31/2023 AT&T (CALNET 3) 02 BAN #9391033619 LIB 124.96 10050000-80210 418.96
100 Library De 10050000-80300 5003044 9/7/2023 THE PITNEY BOWES

BANK INC
01 MAIL SUPPLIES 211.92
10050000-80300 211.92
100 Library De 10050000-80340 20007219 8/31/2023 ONE-TIME VENDOR -

TUITION
07 SELINA REIMB. BALANCE
FY24
578.00
10050000-80340 578.00
100 Library De 10050000-80510 5002998 8/31/2023 MIDWEST TAPE 07 AUDIOBOOKS 150.26 100 Library De 10050000-80510 5002998 8/31/2023 MIDWEST TAPE 09 DVD'S 368.98 100 Library De 10050000-80510 20007222 9/7/2023 BAKER & TAYLOR,INC. 02 GENERAL BOOKS 1,095.37 100 Library De 10050000-80510 20007222 9/7/2023 BAKER & TAYLOR,INC. 02 GEN BOOKS 2,149.90 100 Library De 10050000-80510 5003034 9/7/2023 CENGAGE LEARNING, INC.
02 GEN BOOKS 51.70
100 Library De 10050000-80510 5003034 9/7/2023 CENGAGE LEARNING, INC.
06 DATABASE 5,801.59
100 Library De 10050000-80510 5003041 9/7/2023 AMAZON CAPITAL

SERVICES INC
02 GEN BOOKS 26.19
100 Library De 10050000-80510 20007230 9/7/2023 INGRAM LIBRARY

SERVICES
03 JUV BOOKS 219.47
100 Library De 10050000-80510 20007230 9/7/2023 INGRAM LIBRARY

SERVICES
03 JUVENILE BOOKS 28.37
100 Library De 10050000-80510 20007230 9/7/2023 INGRAM LIBRARY

SERVICES
03 JUV BOOKS 324.90
100 Library De 10050000-80510 5003004 8/31/2023 AMAZON CAPITAL

SERVICES INC
03 JUV BOOKS 60.60

Page 19 of 30 ends

FUND BUDGET UNITACCOUNT
CHECK
NUMBER
CHECK
DATE

NAME DESCRIPTION TRANSACTION
AMOUNT
Warrant List for City Council Meeting
September 19, 2023
City of Coronado Page 32
100 Library De 10050000-80510 5003004 8/31/2023 AMAZON CAPITAL

SERVICES INC
09 DVD CREDIT -21.54
100 Library De 10050000-80510 20007171 8/31/2023 BAKER & TAYLOR,INC. 02 GEN BOOKS 958.01 100 Library De 10050000-80510 20007171 8/31/2023 BAKER & TAYLOR,INC. 02 GEN BOOKS 222.29 100 Library De 10050000-80510 20007171 8/31/2023 BAKER & TAYLOR,INC. 03 TEEN BOOKS 14.22 100 Library De 10050000-80510 20007171 8/31/2023 BAKER & TAYLOR,INC. 01 REF BOOKS 134.09 100 Library De 10050000-80510 20007171 8/31/2023 BAKER & TAYLOR,INC. 02 GEN BOOKS 135.33 100 Library De 10050000-80510 20007171 8/31/2023 BAKER & TAYLOR,INC. 02 GEN BOOKS 169.55 100 Library De 10050000-80510 20007171 8/31/2023 BAKER & TAYLOR,INC. 03 TEEN BOOKS 53.46 100 Library De 10050000-80510 20007171 8/31/2023 BAKER & TAYLOR,INC. 02 GEN BOOKS 18.12 100 Library De 10050000-80510 20007171 8/31/2023 BAKER & TAYLOR,INC. 03 TEEN BOOKS 161.61 100 Library De 10050000-80510 20007178 8/31/2023 INGRAM LIBRARY

SERVICES
03 JUV BOOKS 852.93
100 Library De 10050000-80510 20007178 8/31/2023 INGRAM LIBRARY

SERVICES
03 JUV BOOKS 137.41
10050000-80510 13,112.81
100 Library De 10050000-80630 20007170 8/31/2023 ARAMARK UNIFORM & CAREER
01 MAT SERVICE 105.89
100 Library De 10050000-80630 20007170 8/31/2023 ARAMARK UNIFORM & CAREER
01 MAT SERVICE 105.89
100 Library De 10050000-80630 5003004 8/31/2023 AMAZON CAPITAL

SERVICES INC
02 LIB SPECIFIC SUPPLIES 110.09
10050000-80630 321.87
100 Library De 10050000-80650 5003039 9/7/2023 AIS - ADVANCED IMAGING

STRATEGIES
Library Monochrome Printer 772.57
100 Library De 10050000-80650 5003041 9/7/2023 AMAZON CAPITAL

SERVICES INC
08 OFFICE SUPPLIES 18.31
100 Library De 10050000-80650 5003041 9/7/2023 AMAZON CAPITAL

SERVICES INC
02 TECH SUPPLIES 16.23
100 Library De 10050000-80650 20007208 8/31/2023 ODP BUSINESS

SOLUTIONS, LLC
08 OFFICE SUPPLIES 57.27
100 Library De 10050000-80650 5002994 8/31/2023 COFFEE AMBASSADOR, INC
09 COFFEE SERVICE 192.87
100 Library De 10050000-80650 5003004 8/31/2023 AMAZON CAPITAL

SERVICES INC
08 OFFICE SUPPLIES 52.96
100 Library De 10050000-80650 5003004 8/31/2023 AMAZON CAPITAL

SERVICES INC
08 OFFICE SUPPLIES 55.88
100 Library De 10050000-80650 5003004 8/31/2023 AMAZON CAPITAL

SERVICES INC
09 COFFEE SUPPLIES 10.99
100 Library De 10050000-80650 5003004 8/31/2023 AMAZON CAPITAL

SERVICES INC
02 COMPUTER SUPPLIES 54.92
100 Library De 10050000-80650 5003004 8/31/2023 AMAZON CAPITAL

SERVICES INC
08 TS SUPPLIES 49.54
100 Library De 10050000-80650 5003004 8/31/2023 AMAZON CAPITAL

SERVICES INC
09 COFFEE SUPPLIES 31.23
100 Library De 10050000-80650 20007247 9/7/2023 IPM LITHOGRAPHICS, INC 08 BUSINESS CARDS 216.58

Page 20 of 30 ends

FUND BUDGET UNITACCOUNT
CHECK
NUMBER
CHECK
DATE

NAME DESCRIPTION TRANSACTION
AMOUNT
Warrant List for City Council Meeting
September 19, 2023
City of Coronado Page 33
100 Library De 10050000-80650 20007278 9/7/2023 ODP BUSINESS

SOLUTIONS, LLC
08 OFFICE SUPPLIES 126.46
100 Library De 10050000-80650 5003021 9/7/2023 THE LIBRARY STORE 04 TECH SUPPLIES 436.54 10050000-80650 2,092.35
101 PAYROLL FU 101-20080 20007220 9/5/2023 CALPERS LONG-TERM

CARE PROGRAM
DED: LONG-TERM CARE PPE
082523
345.04
101-20080 345.04
101 PAYROLL FU 101-20090 5003012 9/5/2023 AFSCME DISTRICT COUNCIL 36
DED: AFSCME DUES 704.85
101 PAYROLL FU 101-20090 5003017 9/5/2023 MISSIONSQUARE-#705950

IRA-ROTH (ICMA)
DED: ROTH IRA

CONTRIBUTIONS
100.00
101 PAYROLL FU 101-20090 5003010 9/5/2023 MISSIONSQUARE-#300831 457 (ICMA)
DED: PRE-TAX 457 FIXED 26,702.56
101 PAYROLL FU 101-20090 5003010 9/5/2023 MISSIONSQUARE-#300831 457 (ICMA)
DED: PRE-TAX 457 % 8,921.44
101 PAYROLL FU 101-20090 5003010 9/5/2023 MISSIONSQUARE-#300831 457 (ICMA)
DED: PRE-TAX CM (ER) 461.54
101 PAYROLL FU 101-20090 5003010 9/5/2023 MISSIONSQUARE-#300831 457 (ICMA)
DED: ROTH 457 FIXED 2,265.00
101 PAYROLL FU 101-20090 5003010 9/5/2023 MISSIONSQUARE-#300831 457 (ICMA)
DED: ROTH 457 % 1,539.45
101 PAYROLL FU 101-20090 5003013 9/5/2023 EMPLOYEE SUNSHINE FUND
DED: EMPLOYEE SUNSHINE
FUND
130.00
101 PAYROLL FU 101-20090 5003011 9/5/2023 CORONADO
FIREFIGHTERS' ASSN.

DED: CFA DUES 2,710.28
101 PAYROLL FU 101-20090 5003014 9/5/2023 MISSIONSQUARE-#803434

RHS (ICMA)
DED: FIRE MGT RHS - 4% 517.81
101 PAYROLL FU 101-20090 5003014 9/5/2023 MISSIONSQUARE-#803434

RHS (ICMA)
DED: FIRE MGT RHS - 5% 839.90
101 PAYROLL FU 101-20090 5003009 9/5/2023 CORONADO POLICE OFFICERS' ASSN.

DED: CPOA DUES 4,499.87
101 PAYROLL FU 101-20090 5003016 9/5/2023 TOTAL ADMINISTRATIVE

SERVICES CORP
DED: CFA RHS - 3% 742.28
101 PAYROLL FU 101-20090 5003016 9/5/2023 TOTAL ADMINISTRATIVE

SERVICES CORP
DED: CFA RHS - 4% 2,299.92
101 PAYROLL FU 101-20090 5003016 9/5/2023 TOTAL ADMINISTRATIVE

SERVICES CORP
DED: CFA RHS - 5% 577.99
101-20090 53,012.89
102 Non-Depart 10210000-80041 20007200 8/31/2023 BURKE, WILLIAMS &

SORENSEN, LLP
JDOE V ROE SCHOOL 06
0066.010
5,780.50
102 Non-Depart 10210000-80041 20007200 8/31/2023 BURKE, WILLIAMS &

SORENSEN, LLP
RISK CLAIMS REV 06 8199-0068 377.60
102 Non-Depart 10210000-80041 20007200 8/31/2023 BURKE, WILLIAMS &

SORENSEN, LLP
PIANKO 06 0068.001 542.80
102 Non-Depart 10210000-80041 20007200 8/31/2023 BURKE, WILLIAMS &

SORENSEN, LLP
LAGRAVE 06 0066.009 78.60
102 Non-Depart 10210000-80041 20007200 8/31/2023 BURKE, WILLIAMS &

SORENSEN, LLP
RISK CLAIMS REV 05 0068 424.80
102 Non-Depart 10210000-80041 20007200 8/31/2023 BURKE, WILLIAMS &

SORENSEN, LLP
PIANKO 05 0068.001 236.00

Page 21 of 30 ends

FUND BUDGET UNITACCOUNT
CHECK
NUMBER
CHECK
DATE

NAME DESCRIPTION TRANSACTION
AMOUNT
Warrant List for City Council Meeting
September 19, 2023
City of Coronado Page 34
102 Non-Depart 10210000-80041 20007200 8/31/2023 BURKE, WILLIAMS &

SORENSEN, LLP
BRIDGEFORD 04 8199-0041 118.00
102 Non-Depart 10210000-80041 20007200 8/31/2023 BURKE, WILLIAMS &

SORENSEN, LLP
LAGRAVE 05 0066.009 78.60
102 Non-Depart 10210000-80041 20007200 8/31/2023 BURKE, WILLIAMS &

SORENSEN, LLP
JDOE V ROE 05 0066.010 1,395.00
102 Non-Depart 10210000-80041 20007200 8/31/2023 BURKE, WILLIAMS &

SORENSEN, LLP
PIANKO 04 0068.001 236.00
102 Non-Depart 10210000-80041 20007200 8/31/2023 BURKE, WILLIAMS &

SORENSEN, LLP
LAGRAVE 04 0066.009 235.80
102 Non-Depart 10210000-80041 20007200 8/31/2023 BURKE, WILLIAMS &

SORENSEN, LLP
BRIDGEFORD 06 8199-0041 354.00
102 Non-Depart 10210000-80041 5002987 8/31/2023 MCDOUGAL,LOVE,BOEHM

ER,FOLEY,LYON
BRIDGEFORD 06 CO.222 17,049.74
102 Non-Depart 10210000-80041 20007261 9/7/2023 BURKE, WILLIAMS &

SORENSEN, LLP
RISK CLAIMS REV 04 0068 495.60
10210000-80041 27,403.04
102 Non-Depart 10210000-80205 20007286 9/7/2023 ONE-TIME VENDOR - CLAIMS
GHC0053022 WHITTLE 2,094.31
10210000-80205 2,094.31
103 Employee B 103-14100 5003015 9/5/2023 BENEFIT & RISK

MANAGEMENT SERVICES
SEP BENEFITS-BRMS 56,473.11
103-14100 56,473.11
112 Refundable 112-20430 20007283 9/7/2023 ONE-TIME VENDOR -

PARKING CITES
00 EVIDENCE RETURNMCCORMACK-21-19771,000.00
112-20430 1,000.00
130 Public Ser 13030000-80103 20007177 8/31/2023 EDCO DISPOSAL

CORPORATION
01 RECYCLING SVCS AUG 2023 10,177.73
13030000-80103 10,177.73
130 Public Ser 13030000-80104 20007177 8/31/2023 EDCO DISPOSAL

CORPORATION
01 TRASH SVCS AUG 2023 15,711.30
13030000-80104 15,711.30
130 Public Ser 13030000-80131 5003039 9/7/2023 AIS - ADVANCED IMAGING

STRATEGIES
01 SW Copier 21.55
13030000-80131 21.55
130 Public Ser 13030000-80210 20007244 9/7/2023 CELLCO PARTNERSHIP 02 CELL PHONES 7/11-8/10/23 121.46 13030000-80210 121.46

Page 22 of 30 ends

FUND BUDGET UNITACCOUNT
CHECK
NUMBER
CHECK
DATE

NAME DESCRIPTION TRANSACTION
AMOUNT
Warrant List for City Council Meeting
September 19, 2023
City of Coronado Page 35
130 Public Ser 13030000-80650 20007279 9/7/2023 ECOLOGY DRUMS & TOTES
01 DRUMS & TOTES 2,493.60
130 Public Ser 13030000-80650 20007221 9/7/2023 ARAMARK UNIFORM & CAREER
02 LS COTTON TEE STOCK 29.25
13030000-80650 2,522.85
150 Cultural A 15053000-80360 20007276 9/7/2023 T'S & SIGNS INC. 01 FALL NON-PROFIT SERIES

ORANGE AVENUE BANNERS
5,546.25
15053000-80360 5,546.25
150 Cultural A 15053000-80702 20007176 8/31/2023 EAGLE NEWSPAPER LLC 04 ADML MCRAVEN EVENT AD 369.00 150 Cultural A 15053000-80702 20007176 8/31/2023 EAGLE NEWSPAPER LLC 01 VISITOR'S GUIDE AD 400.00 150 Cultural A 15053000-80702 20007176 8/31/2023 EAGLE NEWSPAPER LLC 04 ADML MCRAVEN EVENT AD 369.00 15053000-80702 1,138.00
150 Cultural A 15053000-80704 20007210 8/31/2023 DANA KIM OGBURN 02 PUBLIC ART SEA LEVEL

EXHIBIT UPGRADE
3,160.00
15053000-80704 3,160.00
150 Cultural A 15053000-80706 20007207 8/31/2023 T'S & SIGNS INC. 01 EXHIBITION HAPPINESS

COMES IN WAVES
264.79
15053000-80706 264.79
160 Recreation 160-20180 20007212 8/31/2023 ONE-TIME VENDOR -

RECREATION
00 PARK CANCELLATION

EVENT DUE TO HURRACAN
STORM
316.00
160 Recreation 160-20180 20007217 8/31/2023 ONE-TIME VENDOR -

RECREATION
00 PAYOUT OF USER CREDIT

FROM PM

10.00 160 Recreation 160-20180 20007215 8/31/2023 ONE-TIME VENDOR -

RECREATION
00 FACILITY RENTAL

CANCELLATION REFUND
1,882.00
160 Recreation 160-20180 20007215 8/31/2023 ONE-TIME VENDOR -

RECREATION
00 FACILITY RENTAL

CANCELLATION REFUND
200.00
160 Recreation 160-20180 20007213 8/31/2023 ONE-TIME VENDOR -

RECREATION
00 FACILITY SECURITY

DEPOSIT REFUND
200.00
160 Recreation 160-20180 20007213 8/31/2023 ONE-TIME VENDOR -

RECREATION
00 FACILITY SECURITY

DEPOSIT REFUND
300.00
160 Recreation 160-20180 20007214 8/31/2023 ONE-TIME VENDOR -

RECREATION
00 POOL PUNCH PASS REFUND
- DUE TO POOL CLOSED
120.00
160 Recreation 160-20180 20007216 8/31/2023 ONE-TIME VENDOR -

RECREATION
00 FACILITY SECURITY

DEPOSIT REFUN
500.00
160-20180 3,528.00
160 Recreation 16051101-80030 5002999 8/31/2023 MATCH POINT TENNIS COURTS INC.
09 TENNIS COURT

MAINTENANCE SERVICE
1,563.60
160 Recreation 16051101-80030 20007211 8/31/2023 CSG FORTE PAYMENTS, INC.
04 CREDIT CARD FEES - JULY
FORTE
1,869.60
16051101-80030 3,433.20

Page 23 of 30 ends

FUND BUDGET UNITACCOUNT
CHECK
NUMBER
CHECK
DATE

NAME DESCRIPTION TRANSACTION
AMOUNT
Warrant List for City Council Meeting
September 19, 2023
City of Coronado Page 36
160 Recreation 16051101-80110 20007184 8/31/2023 SDG&E-(REC ACCT) 01 ELEC 1014 6TH ST 07/15/23 - 08/14/23
108.68
16051101-80110 108.68
160 Recreation 16051101-80131 5003039 9/7/2023 AIS - ADVANCED IMAGING

STRATEGIES
03 Aquatics Copier 41.95
16051101-80131 41.95
160 Recreation 16051101-80210 20007192 8/31/2023 VERIZON WIRELESS 01 CELL CHARGES - PARK & BEACH

22.77 160 Recreation 16051101-80210 20007192 8/31/2023 VERIZON WIRELESS 01 CELL CHARGES - REC

CENTER / ADMIN
558.63
160 Recreation 16051101-80210 20007192 8/31/2023 VERIZON WIRELESS 01 CELL CHARGES - AQUATICS 55.75 160 Recreation 16051101-80210 20007192 8/31/2023 VERIZON WIRELESS 01 CELL CHARGES - AQUATICS 41.40 160 Recreation 16051101-80210 20007192 8/31/2023 VERIZON WIRELESS 01 CELL CHARGES - JDSC 82.80 160 Recreation 16051101-80210 20007192 8/31/2023 VERIZON WIRELESS 01 CELL CHARGES - PARK & BEACH

24.84 160 Recreation 16051101-80210 20007192 8/31/2023 VERIZON WIRELESS 01 CELL CHARGES - GOLF 104.21 160 Recreation 16051101-80210 20007192 8/31/2023 VERIZON WIRELESS 01 CELL CHARGES - JDSC 52.98 160 Recreation 16051101-80210 20007202 8/31/2023 AT&T (CALNET 3) 01 LANDLINE/VOIP 07/20/23 - 08/19/23

49.05 16051101-80210 992.43
160 Recreation 16051101-80340 20007218 8/31/2023 ONE-TIME VENDOR -

TUITION
08 TUITION FINAL

REINBURSMENT
386.45
16051101-80340 386.45
160 Recreation 16051101-90010 5003029 9/7/2023 DELL MARKETING L.P. Dell UltraSharp Monitors 2,342.32 16051101-90010 2,342.32
160 Recreation 16051102-80056 5003003 8/31/2023 ED ROEDER 03 YOUTH ART CLASSES 7/07/23 - 8/15/23
1,039.50
160 Recreation 16051102-80056 20007206 8/31/2023 MOVIES BY KIDS - O.C., LLC
01 MINECRAFT MOVIES CAMP
7/31/23 - 8/02/23
2,887.50
160 Recreation 16051102-80056 20007209 8/31/2023 CHARLENE MAGEE

DONOVAN
01 CHEER, DANCE & TUMBLE
7/06/23 - 8/08/23
882.00
160 Recreation 16051102-80056 20007209 8/31/2023 CHARLENE MAGEE

DONOVAN
01 CHEER, DANCE & TUMBLE,
BALLET 7/06/23 - 8/03/23
504.00
16051102-80056 5,313.00
160 Recreation 16051102-80600 5003000 8/31/2023 TALLAL, INC. 04 OUTDOOR MOVIE - SPECIAL EVENT
875.00

Page 24 of 30 ends

FUND BUDGET UNITACCOUNT
CHECK
NUMBER
CHECK
DATE

NAME DESCRIPTION TRANSACTION
AMOUNT
Warrant List for City Council Meeting
September 19, 2023
City of Coronado Page 37
160 Recreation 16051102-80600 5003000 8/31/2023 TALLAL, INC. 04 MOVIE ON THE BAY /

SPECIAL EVENT
875.00
16051102-80600 1,750.00
160 Recreation 16051102-80630 5002990 8/31/2023 WAXIE SANITARY SUPPLY,INC.
01 JANITORIAL SUPPLIES 84.68
16051102-80630 84.68
160 Recreation 16051103-80030 5002985 8/31/2023 BEARCOM 08 BACKGROUND MUSIC 253.50 16051103-80030 253.50
160 Recreation 16051103-80112 20007174 8/31/2023 CAL-AM WATER (RECREATION ACCOUNT)
01 1985 STRAND WY SPKLR
8/08/23 - 9/06/23
101.05
160 Recreation 16051103-80112 20007174 8/31/2023 CAL-AM WATER (RECREATION ACCOUNT)
01 1845 STRAND WY FIRE
8/08/23 - 9/06/23

43.63 16051103-80112 144.68
160 Recreation 16051103-80595 5002996 8/31/2023 SPARKLETTS 02 DRINKING WATER 177.85 16051103-80595 177.85
160 Recreation 16051103-80605 5002992 8/31/2023 WESTAIR GASES &

EQUIPMENT
01 CARBON DIOXIDE / WATER

PURIFICATION AGENTS
642.80
160 Recreation 16051103-80605 5003006 8/31/2023 HASA INC. 01 DEAD RUN / FULL TANK -

WATER PURIFICATION AGENT

75.00 160 Recreation 16051103-80605 5003006 8/31/2023 HASA INC. 01 HASACHLOR / WATER

PURIFICATION AGENTS
501.83
160 Recreation 16051103-80605 5003006 8/31/2023 HASA INC. 01 HASACHLOR / WATER

PURIFICATION AGENTS
1,348.24
160 Recreation 16051103-80605 5003042 9/7/2023 HASA INC. 01 DEAD RUN / FULL TANK -

WATER PURIFICATION AGENT

75.00 16051103-80605 2,642.87
160 Recreation 16051103-80635 20007179 8/31/2023 LIFE ASSIST, INC. 01 SAFETY & FIRST AID

SUPPLIES

64.59 160 Recreation 16051103-80635 20007179 8/31/2023 LIFE ASSIST, INC. 01 SAFETY & FIRST AID

SUPPLIES
171.86
16051103-80635 236.45
160 Recreation 16051103-80650 5002992 8/31/2023 WESTAIR GASES &

EQUIPMENT
01 CARBON DIOXIDE / WATER

PURIFICATION AGENTS
830.49
16051103-80650 830.49
160 Recreation 16051108-80056 20007199 8/31/2023 MASTER SPORTS 02 MASTER SPORTS 8/07/23 - 8/11/23
3,675.00

Page 25 of 30 ends

FUND BUDGET UNITACCOUNT
CHECK
NUMBER
CHECK
DATE

NAME DESCRIPTION TRANSACTION
AMOUNT
Warrant List for City Council Meeting
September 19, 2023
City of Coronado Page 38
160 Recreation 16051108-80056 20007199 8/31/2023 MASTER SPORTS 02 MASTER SPORTS 8/07/23 - 8/11/23
3,220.00
160 Recreation 16051108-80056 20007199 8/31/2023 MASTER SPORTS 02 MASTER SPORTS 6/26/23 - 6/30/23
6,300.00
160 Recreation 16051108-80056 20007199 8/31/2023 MASTER SPORTS 02 MASTER SPORTS 6/26/23 - 6/30/23
2,940.00
16051108-80056 16,135.00
180 Planning D 18040101-80041 20007200 8/31/2023 BURKE, WILLIAMS &

SORENSEN, LLP
CODE 06 8199-0002 1,467.20
180 Planning D 18040101-80041 20007200 8/31/2023 BURKE, WILLIAMS &

SORENSEN, LLP
SHRT TERM RENT 06 0002.001 463.66
180 Planning D 18040101-80041 20007200 8/31/2023 BURKE, WILLIAMS &

SORENSEN, LLP
HRC 06 8199-0007 165.20
180 Planning D 18040101-80041 20007200 8/31/2023 BURKE, WILLIAMS &

SORENSEN, LLP
CMSN GEN 06 8199-0004 590.00
180 Planning D 18040101-80041 20007200 8/31/2023 BURKE, WILLIAMS &

SORENSEN, LLP
COMM PLN 06 8199-0008 2,832.00
18040101-80041 5,518.06
180 Planning D 18040101-80042 20007200 8/31/2023 BURKE, WILLIAMS &

SORENSEN, LLP
WENTWORTH 06 0066.002 913.21
180 Planning D 18040101-80042 5002987 8/31/2023 MCDOUGAL,LOVE,BOEHM

ER,FOLEY,LYON
YOUNG 07 CO.219 43.75
18040101-80042 956.96
180 Planning D 18040101-80055 20007257 9/7/2023 HERITAGE

ARCHITECTURE &

PLANNING

05. HRR-HOTEL DEL
CORONADO - 060122-073122
36,480.00
18040101-80055 36,480.00
180 Building D 18040102-80131 5003039 9/7/2023 AIS - ADVANCED IMAGING

STRATEGIES
00 Bldg Copier 18.81
18040102-80131 18.81
201 Highway Us 20132000-80030 20007221 9/7/2023 ARAMARK UNIFORM & CAREER
01 MATS/TOWELS AUG 23 4.88
201 Highway Us 20132000-80030 20007221 9/7/2023 ARAMARK UNIFORM & CAREER
01 MATS/TOWELS AUG 23 4.88
20132000-80030 9.76
201 Highway Us 20132000-80280 20007221 9/7/2023 ARAMARK UNIFORM & CAREER
01 UNIFORMS AUG 23 10.17
201 Highway Us 20132000-80280 20007221 9/7/2023 ARAMARK UNIFORM & CAREER
01 UNIFORMS AUG 23 10.17
20132000-80280 20.34

Page 26 of 30 ends

FUND BUDGET UNITACCOUNT
CHECK
NUMBER
CHECK
DATE

NAME DESCRIPTION TRANSACTION
AMOUNT
Warrant List for City Council Meeting
September 19, 2023
City of Coronado Page 39
210 Eng/Proj D 21030000-97520 5003031 9/7/2023 PSOMAS SR75 SHORES MEDIAN JULY SVCS
1,039.25
21030000-97520 1,039.25
220 Marina Ope 22054902-80030 20007193 8/31/2023 CALIFORNIA YACHT MARINA
01 MANAGEMENT FEE JUL23 3,350.00
22054902-80030 3,350.00
220 Marina Ope 22054902-80122 20007173 8/31/2023 CAL-AM WATER (CITY

HALL ACCOUNT)
01 1717 STRAND WAY AUG-SEP
(SR75 MEDIAN IRRIG)

72.23 22054902-80122 72.23
610 W/W Operat 61081000-80030 20007254 9/7/2023 GLOBAL POWER

GROUP,INC
11 PORTABLE LIEN PM

SERVICES
250.00
610 W/W Operat 61081000-80030 20007254 9/7/2023 GLOBAL POWER

GROUP,INC
11 PORTABLE LIEN PM

SERVICES
250.00
610 W/W Operat 61081000-80030 20007254 9/7/2023 GLOBAL POWER

GROUP,INC
11 PORTABLE LIEN PM

SERVICES
250.00
610 W/W Operat 61081000-80030 20007221 9/7/2023 ARAMARK UNIFORM & CAREER
01 MATS/TOWELS AUG 23 36.58
610 W/W Operat 61081000-80030 20007221 9/7/2023 ARAMARK UNIFORM & CAREER
01 MATS/TOWELS AUG 23 36.58
61081000-80030 823.16
610 W/W Operat 61081000-80110 20007186 8/31/2023 SDG&E-(PUBLIC

SERVICES ACCT)
01 ELEC 6/22-7/21/23 3,592.59
610 W/W Operat 61081000-80110 20007186 8/31/2023 SDG&E-(PUBLIC

SERVICES ACCT)
01 ELEC 101 B AVE 7/15-8/14/23 1,699.77
610 W/W Operat 61081000-80110 20007236 9/7/2023 SDG&E-(PUBLIC

SERVICES ACCT)
01 1393 1ST ST 121.37
610 W/W Operat 61081000-80110 20007236 9/7/2023 SDG&E-(PUBLIC

SERVICES ACCT)
01 1111 GLORIETTA BLVD 28.14
61081000-80110 5,441.87
610 W/W Operat 61081000-80111 20007186 8/31/2023 SDG&E-(PUBLIC

SERVICES ACCT)
01 NATGAS 7/15-8/14/23 15.68
61081000-80111 15.68
610 W/W Operat 61081000-80130 20007253 9/7/2023 SAN DIEGO HYDRAULICS 01 HOSES 6-9 FOR CRANE 184.24 61081000-80130 184.24
610 W/W Operat 61081000-80131 5003039 9/7/2023 AIS - ADVANCED IMAGING

STRATEGIES
01 Wstwtr Copier 56.03
61081000-80131 56.03

Page 27 of 30 ends

FUND BUDGET UNITACCOUNT
CHECK
NUMBER
CHECK
DATE

NAME DESCRIPTION TRANSACTION
AMOUNT
Warrant List for City Council Meeting
September 19, 2023
City of Coronado Page 40
610 W/W Operat 61081000-80210 20007264 9/7/2023 AT&T (CALNET 3) 02 9391063128 GOLF WWO 58.08 610 W/W Operat 61081000-80210 20007264 9/7/2023 AT&T (CALNET 3) 01 9391033615 468.36 610 W/W Operat 61081000-80210 20007244 9/7/2023 CELLCO PARTNERSHIP 04 CELL PHONES 7/11-8/10/23 763.98 610 W/W Operat 61081000-80210 20007197 8/31/2023 SSD SYSTEMS 02 BURGLAR ALARM SVCS 9/1- 11/30/23
3,560.76
610 W/W Operat 61081000-80210 20007202 8/31/2023 AT&T (CALNET 3) 01 939103313 WWO 24.54 610 W/W Operat 61081000-80210 20007202 8/31/2023 AT&T (CALNET 3) 01 9391027769 WWO 76.52 610 W/W Operat 61081000-80210 20007202 8/31/2023 AT&T (CALNET 3) 02 9391063130 LG WWO 27.05 61081000-80210 4,979.29
610 W/W Operat 61081000-80280 20007221 9/7/2023 ARAMARK UNIFORM & CAREER
01 UNIFORMS AUG 23 38.36
610 W/W Operat 61081000-80280 20007221 9/7/2023 ARAMARK UNIFORM & CAREER
01 UNIFORMS AUG 23 38.36
61081000-80280 76.72
610 W/W Operat 61081000-80571 20007263 9/7/2023 FIRST CALL 01 BLUE DEF STOCK 329.53 61081000-80571 329.53
610 W/W Operat 61081000-80650 20007274 9/7/2023 NESTLE WATERS NORTH

AMERICA
02 WATER-WWO-1477 68.96
610 W/W Operat 61081000-80650 20007221 9/7/2023 ARAMARK UNIFORM & CAREER
04 LS COTTON TEE STOCK 438.81
610 W/W Operat 61081000-80650 20007240 9/7/2023 GRAINGER 03 RAIN GEAER 581.51 610 W/W Operat 61081000-80650 20007240 9/7/2023 GRAINGER 03 RAIN GEAR 145.64 610 W/W Operat 61081000-80650 20007240 9/7/2023 GRAINGER 03 SAFETY HARNESS 527.51 61081000-80650 1,762.43
610 W/W Operat 61081000-90040 5003029 9/7/2023 DELL MARKETING L.P. Mobile Precision Workstation 2,029.16 61081000-90040 2,029.16
610 W/W Operat 61081000-90055 20007275 9/7/2023 AMAZON.COM SALES, INC 01 STRAIGHT EDGES TOOL 84.03 61081000-90055 84.03
620 G/C Operat 62082000-70033 20007170 8/31/2023 ARAMARK UNIFORM & CAREER
01 UNIFORM SERVICES 129.13
62082000-70033 129.13

Page 28 of 30 ends

FUND BUDGET UNITACCOUNT
CHECK
NUMBER
CHECK
DATE

NAME DESCRIPTION TRANSACTION
AMOUNT
Warrant List for City Council Meeting
September 19, 2023
City of Coronado Page 41
620 G/C Operat 62082000-80055 5002993 8/31/2023 CARLOS JANITORIAL

SERVICE
05 JANITORIAL SERVICES 510.00
620 G/C Operat 62082000-80055 20007203 8/31/2023 JLP EQUIPMENT SPECIALIST, INC.
04 JD 4610 TRACTOR VALVE

INSTALL
1,040.00
62082000-80055 1,550.00
620 G/C Operat 62082000-80110 20007187 8/31/2023 SDG&E-(GOLF ACCT) 01 ELEC 409 GLORIETA BLV 07/15/23 - 08/14/23
399.20
620 G/C Operat 62082000-80110 20007187 8/31/2023 SDG&E-(GOLF ACCT) 01 ELEC 1307 GLORIETA BLV 07/15/23 - 08/14/23
286.32
620 G/C Operat 62082000-80110 20007187 8/31/2023 SDG&E-(GOLF ACCT) 01 ELEC 1109 GLORIETTA BLVD 07/15/23 - 08/14/23
619.31
620 G/C Operat 62082000-80110 20007187 8/31/2023 SDG&E-(GOLF ACCT) 01 ELEC 735 GLORIETA BLV 07/15/23 - 08/14/23
1,156.42
620 G/C Operat 62082000-80110 20007187 8/31/2023 SDG&E-(GOLF ACCT) 01 2000 VISALIA ROW HM1 07/15/23 - 08/14/23
5,296.70
620 G/C Operat 62082000-80110 20007187 8/31/2023 SDG&E-(GOLF ACCT) 01 ELEC 511 GLORIETA BLV 07/15/23 - 08/14/23

30.96 62082000-80110 7,788.91
620 G/C Operat 62082000-80111 20007187 8/31/2023 SDG&E-(GOLF ACCT) 01 GAS 2000 VISALIA ROW 07/15/23 - 08/14/23
322.83
62082000-80111 322.83
620 G/C Operat 62082000-80112 20007175 8/31/2023 CAL-AM WATER (GOLF

ACCOUNT)
01 1101 GLORIETTA BLVD IRRIG
07/07/23 - 08/07/23
43,784.99
62082000-80112 43,784.99
620 G/C Operat 62082000-80131 5003039 9/7/2023 AIS - ADVANCED IMAGING

STRATEGIES
01 Golf Copier 1.90
62082000-80131 1.90
620 G/C Operat 62082000-80134 20007198 8/31/2023 PAR WEST TURF

SERVICES, INC
03 NOZZLES 70.91
62082000-80134 70.91
620 G/C Operat 62082000-80210 20007189 8/31/2023 SPECTRUM BUSINESS 00 CABLE SVC AUG23 469.89 620 G/C Operat 62082000-80210 20007237 9/7/2023 SPECTRUM BUSINESS 03 AUGUST23 GLF/TEN INTRNT 1,730.43 62082000-80210 2,200.32
620 G/C Operat 62082000-80570 5002986 8/31/2023 ARIZONA MACHINERY LLC
01 SWITCH, IGNITIO L2D2-

EQUIPMENT PART

85.00 620 G/C Operat 62082000-80570 5002991 8/31/2023 PBM SUPPLY &

MANUFACTURING,INC
01 SPRAYER PARTS 89.98
62082000-80570 174.98

Page 29 of 30 ends

FUND BUDGET UNITACCOUNT
CHECK
NUMBER
CHECK
DATE

NAME DESCRIPTION TRANSACTION
AMOUNT
Warrant List for City Council Meeting
September 19, 2023
City of Coronado Page 42
620 G/C Operat 62082000-80571 5002989 8/31/2023 SC COMMERCIAL LLC 01 FUEL 1,959.36 62082000-80571 1,959.36
620 G/C Operat 62082000-80575 20007190 8/31/2023 WILBUR-ELLIS CO. 01 WETTING AGENTS 2,101.13 620 G/C Operat 62082000-80575 20007190 8/31/2023 WILBUR-ELLIS CO. 01 SURFACTANT 113.14 620 G/C Operat 62082000-80575 20007190 8/31/2023 WILBUR-ELLIS CO. 01 WETTING AGENT 2,254.52 62082000-80575 4,468.79
630 S/D Operat 63083301-80110 20007186 8/31/2023 SDG&E-(PUBLIC

SERVICES ACCT)
01 ELEC 6/22-7/21/23 3,065.78
630 S/D Operat 63083301-80110 20007186 8/31/2023 SDG&E-(PUBLIC

SERVICES ACCT)
01 ELEC 101 B AVE 7/15-8/14/23 268.39
63083301-80110 3,334.17
630 S/D Operat 63083301-80111 20007186 8/31/2023 SDG&E-(PUBLIC

SERVICES ACCT)
01 NATGAS 7/15-8/14/23 2.48
63083301-80111 2.48
630 S/D Operat 63083301-80210 20007244 9/7/2023 CELLCO PARTNERSHIP 02 CELL PHONES 7/11-8/10/23 131.30 630 S/D Operat 63083301-80210 20007195 8/31/2023 AT&T 01 HIWATER PERIOD 02 31.43 63083301-80210 162.73
820 Redev Obli 82079000-80360 90005652 9/1/2023 VINTAGE CINEMAS, INC. VILLAGE THEATER ADVALOREM TAXES 44,363.00
82079000-80360 44,363.00

Page 30 of 30 ends

FUND BUDGET UNITACCOUNT
CHECK
NUMBER
CHECK
DATE

NAME DESCRIPTION TRANSACTION
AMOUNT
Warrant List for City Council Meeting
September 19, 2023
City of Coronado Page 43

CITY COUNCIL STAFF REPORT
September 19, 2023 5c

ADOPTION OF A RESOLUTION REDESIGNATING THE INTERSECTION OF OLIVE AVENUE

AT D AVENUE AS STOP CONTROLLED
RECOMMENDATION:

Adopt “A Resolution of the City Council of the City of Coronado, California, to redesignate the yield controlled intersection of Olive Avenue at D Avenue as stop controlled.” BACKGROUND:

In 2022 the City of Coronado received a complaint citing concerns about vehicular operations at the intersection of Olive Avenue and D Avenue. The complaint was in relation to the existing yield control that Olive Avenue operates under and mentioned safety concerns related to near misses with other vehicles and non-motorists due to drivers not yielding to traffic on D Avenue.

This topic was presented to the Traffic Operations Committee (TOC) at its meeting on July 27, 2023; the staff recommendation to replace the yield sign with a stop sign was supported by the TOC with a 5-0 vote.

ANALYSIS:

Olive Avenue is classified as a “local” street and D Avenue is classified as a “collector” street under the City’s Circulation Element of the General Plan. Both streets are two-lane streets with parking allowed on both sides; D Avenue features angled parking on its west side, Olive Avenue has diagonal parking on its and north side, and all other on-street parking is provided via parallel parking. Right-of-way at this t-intersection is controlled by a yield sign on eastbound Olive Avenue while D Avenue is uncontrolled in both directions. The west leg of the intersection has a yellow school zone crosswalk (across Olive) as Coronado High School is located one block to the north.

See Attachment 2 – Vicinity Map.

The City uses specific criteria, commonly referred to as a warrant, to evaluate requests for installation of stop signs. The criteria consider accident history, traffic volumes, and physical characteristics of the surrounding area to determine whether the use of stop signs is appropriate.

The warrant policy for stop sign installation is included as Attachment 3.

A survey of traffic volumes collected in February 2023 is summarized as follows:  Major Street Volume (D Avenue):
o Average Daily Traffic: Southbound – 1,775 vehicles per day; Northbound – 1,004 vehicles per day. Total – 2,779 vehicles per day. o Peak Hour 2:00 PM: Southbound – 140 vehicles; Northbound – 78 vehicles.  Minor Street Volume (Olive Avenue):
o Average Daily Traffic: Eastbound – 956 vehicles per day. o Peak Hour 2:00 PM: Eastbound – 136 vehicles.

City of Coronado Page 44
Collision data for the intersection was obtained from the California Statewide Integrated Traffic Records System (SWITRS) database and the University of California, Berkeley, Transportation Injury Mapping System (TIMS) database. Based on crash data from 10/20/2021 through 10/20/2022 (the most recent one year interval available), there were no reported collisions in or near the intersection.

Analysis of volume data indicates criteria 1a and 2a of the City’s warrant policy are met. Additional review of the intersection revealed no unusual circumstances or conditions present that would affect the feasibility of a stop sign from being installed on Olive Avenue at its intersection with D Avenue. Furthermore, the intersection of Palm Avenue and D Avenue, nearly a mirror image of the subject intersection, already features a stop sign on Palm Avenue suggesting similar controls on Olive Avenue would be successful. Therefore, it is recommended that the existing yield sign on Olive Avenue at D Avenue be replaced with a stop sign.

FISCAL IMPACT:

The material cost to replace the existing yield sign and pavement marking with a stop sign and pavement marking is less than $1,000. The work will be paid out of the streets maintenance account and likely be completed by City staff.

ALTERNATIVE:

The subject location may remain a yield-controlled intersection.

CALIFORNIA ENVIRONMENTAL QUALITY ACT:

Categorically Exempt per California Environmental Quality Act (CEQA) Guideline; Class 1, Existing Facilities.

PUBLIC NOTICE:

Courtesy notices were sent to residents within 300' of the intersection.

ATTACHMENTS:

1. Resolution 2023-36

2. Vicinity Map

3. Stop and Yield Sign Policy
Submitted By: Public Services and Engineering Department / Jim Newton City of Coronado Page 45
Attachment 1
RESOLUTION NO. 2023-36

A RESOLUTION OF THE CITY COUNCIL OF THE CITY

OF CORONADO, CALIFORNIA, TO REDESIGNATE THE

YIELD-CONTROLLED INTERSECTION OF OLIVE

AVENUE AT D AVENUE AS A STOP-CONTROLLED

INTERSECTION
WHEREAS, California Vehicle Code, Division 11, Chapter 2 authorizes local jurisdictions to place and maintain traffic control devices necessary to indicate and carry out provisions of the code and guide traffic; and
WHEREAS, Coronado Municipal Code Chapter 56.10 authorizes the placement of traffic control devices in accordance with standards and specifications of the California Vehicle Code; and WHEREAS, the City uses specific criteria, commonly referred to as a warrant, to evaluate requests for installation of stop signs considering accident history, traffic volumes, and physical characteristics of the surrounding area to determine whether the use of stop signs is appropriate, and has found the location of Olive Avenue at D Avenue to meet these warrants; NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Coronado as follows:

1. That the existing “Yield” sign and associated pavement markings on Olive Avenue at D Avenue be replaced with a “Stop” sign and associated pavement markings.

2. That the registry of yield-controlled intersections maintained by the Public Services and Engineering Department be modified as follows:

D. OLIVE AVENUE

1. At D Avenue (Resolution 2023-36, 09-19-23)

3. That the registry of stop-controlled intersections and through streets maintained by the Public Services and Engineering Department be modified as follows:

X. OLIVE AVENUE

5. At D Avenue (Resolution 2023-36, 09-19-23)
City of Coronado Page 46
Attachment 1
PASSED, ADOPTED, AND APPROVED by the City Council of the City of Coronado, California, at a regular meeting thereof this nineteenth day of September, 2023 by the following vote to wit:

AYES:

NAYS:

ABSTAIN:

ABSENT:

APPROVED:
______________________________
RICHARD BAILEY, Mayor of the
City of Coronado, California
ATTEST:
__________________________________
KELSEA HOLIAN, City Clerk of the
City of Coronado, California
City of Coronado Page 47
Attachment 2
Vicinity Map
Olive Avenue and D Avenue Yield Sign Replacement
Olive Ave
D Ave
Seventh St
Orange Ave
City of Coronado Page 48
Attachment 3
Stop and Yield Sign Warrant Policy
City of Coronado – Engineering Standards and Procedures 04/07/15 As described in the California Manual of Uniform Traffic Control Devices (CaMUTCD):
“When two vehicles approach an intersection from different streets or highways at approximately the same time, the right-of-way rule requires the driver of the vehicle on the left to yield the right-of-way to the vehicle on the right. The right-of-way can be modified at through streets or highways by placing YIELD signs or STOP signs on one or more approaches.”
The following criteria are used to determine whether these types of signs are warranted at a given intersection:

Minimum Criteria
1) Stop signs will only be considered when at least one of the following conditions is met:
a. The principal street of the subject intersection experiences at minimum 500 vehicles per day or 50 vehicles per hour during the peak hour of any average day and the minor street experiences 50% of same volume criteria.
b. The subject intersection includes a designated “through street” and the minor street has no stop or yield sign in place.
c. The subject intersection has experienced three or more collisions susceptible to correction by stop signs within a one-year period.

Two-Way Stop Criteria
2) Stop signs on the minor street of an intersection are considered warranted when two of the above mentioned criteria have been met or when one of the above mentioned criteria and one of the following are met:
a. The principal street of the subject intersection experiences at minimum 1,000 vehicles per day or 100 vehicles per hour during the peak hour of any average day and the minor street experiences 50% of same volume criteria.
b. The intersection has experienced five or more types of collisions susceptible to correction by stop signs within a two-year period.
c. The available stopping sight distance along any approach to the intersection is less than what is recommended for the speed limit of the roadway per the AASHTO “Greenbook” methodology.
d. The principal street of the subject intersection experiences over 6,000 vehicles per day.

All-Way Stop Criteria
3) Stop signs are warranted on both the principal and minor street of an intersection if the Minimum Criteria have been met and at least one of the following conditions exist:
a. Total vehicular volume entering the intersection from all approaches averages 300 vehicles per hour for any eight hours of an average day and the volume on the minor street totals at least two-thirds of the volume of the principal street. Pedestrian and City of Coronado Page 49
Attachment 3
bicycle traffic may be included in the volume counts where their volumes are significant.
b. The intersection has experienced five or more types of collisions susceptible to correction by stop signs within a one-year period.
c. The available stopping sight distance along at least one approach on the principal street is less than what is recommended for the design speed of the roadway per the AASHTO “Greenbook” methodology.

Stop Sign Exclusions
4) Stop signs will not be considered along approaches where any of the following conditions exist:
a. Another stop sign controlling traffic along the same path of travel exists within 800 linear feet of the proposed location.
b. New stop signs will not be placed on designated through streets.

Yield Signs
5) Yield signs may be considered for use instead of two-way stop control when both of the following criteria are met:
a. Traffic volumes contained in Warrant Criteria 1) a. are 75% met. b. The subject intersection has experienced two or more collisions susceptible to correction by yield signs within a one-year period.

In accordance with California Manual of Uniform Traffic Control Devices guidelines, engineering judgment should always be utilized to identify unique conditions that might affect the feasibility of stop and yield signs in addition to the specific criteria contained within this policy.

City of Coronado Page 50

THIS PAGE INTENTIONALLY LEFT BLANK

CITY COUNCIL STAFF REPORT
September 19, 2023 5d

ADOPTION OF A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CORONADO, CALIFORNIA, AUTHORIZING THE RECEIPT AND APPROPRIATION OF 2023 REGIONAL REALIGNMENT RESPONSE GROUP FUNDS IN THE AMOUNT OF $5,000 PROVIDED BY

THE COMMUNITY CORRECTIONS PARTNERSHIP (CCP) THROUGH THE COUNTY OF SAN

DIEGO SHERIFF'S DEPARTMENT
RECOMMENDATION:

Adopt “A Resolution of the City Council of the City of Coronado, California, authorizing the receipt and appropriation of 2023 Regional Realignment Response Group Funds in the amount of $5,000 provided by the Community Corrections Partnership (CCP) through the County of San Diego Sheriff’s Department.”
BACKGROUND:

The intent of the Regional Realignment Response funding is to encourage counties to develop and implement evidence-based practices and alternatives to incarceration to limit future crimes and reduce victimization.

The San Diego County Sheriff’s Department has been designated as the fiscal agent of Regional Realignment Response funds for the San Diego County region. The original Memorandum of Agreement between the County of San Diego and participating cities in the County was created in 2013 to outline the disbursement of Realignment funds. It was amended twice in 2015. The current Memorandum of Agreement covers the period from July 1, 2023 through June 30, 2024.

The Coronado Police Department has been participating in the Southern Region Group consisting of police officers and sheriff’s deputies from Chula Vista, National City, the City of San Diego, and San Diego County since 2014. This group has worked collaboratively throughout the southern region in conducting compliance checks of released offenders who are identified through intelligence-based analysis to be at a higher risk for reoffending.

ANALYSIS:

In order to receive the funds, the City must approve an appropriation resolution. The State budget for Fiscal Year (FY) 23 has allocated additional funding for this program. Coronado’s allocation is $5,000. The Police Department will use the funding to participate in overtime operations conducting compliance checks on San Diego County probationers. Funds from this grant will be applied to the FY 24 budget.

FISCAL IMPACT:

Community Corrections Partnership has been awarded FY 23 funding. The City of Coronado is eligible to receive $5,000 of these funds. This funding will allow the City of Coronado to be reimbursed for overtime pay expenditures of up to $5,000 through the Regional Realignment Response Group as approved by the Community Corrections Partnership (CCP). Subject to approval by the City Council, a budget adjustment of $5,000 will be made to revenues and expenditures in the State Grants Fund 245. This grant must be expended by June 30, 2024.

City of Coronado Page 51
ALTERNATIVE:

The City Council can choose to not accept the funds.

CALIFORNIA ENVIRONMENTAL QUALITY ACT:

Not Applicable.

PUBLIC NOTICE:

No notice required.

ATTACHMENTS:

1. Resolution 2023-37
Submitted By: Police Services Department / Melissa Anderson City of Coronado Page 52
Attachment 1
RESOLUTION NO. 2023-37

A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF

CORONADO, CALIFORNIA, AUTHORIZING THE RECEIPT AND
APPROPRIATION OF $5,000 IN FUNDS PROVIDED BY THE
2023 REGIONAL ALIGNMENT RESPONSE GROUP THROUGH
THE COUNTY OF SAN DIEGO SHERIFF’S DEPARTMENT
WHEREAS, The Community Corrections Partnership (CCP) provides grant funds to local governments to support the Regional Realignment Response Group and its primary goal of public safety by developing and implementing a targeted, proactive, intelligence-based approach to control and counteract risks associated with realigned offenders released into San Diego County; and
WHEREAS, the City of Coronado Police Department is eligible to receive a portion of these grant funds provided by the Community Corrections Partnership (CCP) through the County of San Diego Sheriff’s Department and the City Council is authorized to approve and accept the receipt of grant funds, when the funds are made available; and WHEREAS, due to the low number of high-risk offenders residing in Coronado, Coronado Police Department personnel participate in grant funded operations sponsored by other agencies in the region.

NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Coronado as follows:

1. That the above recitations are true.

2. That the City Council approves the receipt and appropriation of $5,000 in funds provided by the 2023 Regional Alignment Response Group through the County of San Diego Sheriff’s Department.

City of Coronado Page 53
Attachment 1
PASSED, ADOPTED, AND APPROVED by the City Council of the City of Coronado, California, at a regular meeting thereof this nineteenth day of September 2023 by the following vote to wit:

AYES:

NAYS:

ABSTAIN:

ABSENT:

APPROVED:
____________________________________
RICHARD BAILEY, Mayor of the
City of Coronado, California
ATTEST:
__________________________________
Kelsea Holian, City Clerk of the
City of Coronado, California
City of Coronado Page 54
Item 10a.

Councilmember Donovan
Agenda Item 10a: Report on Inter-Agency Committees, Board Assignments, and Meetings for Councilmember Mike Donovan
Period of report: August 1, 2023 to August 31, 2023

Date Activity
8/1 Met with Coronado Port Commissioner Frank Urtasun.

Met with resident Frank Spitzer.
8/3 Marriott food truck Discover Coronado reception.

An Evening with Admiral William H. McRaven.
8/8 Met with resident Heidi Wilson.
8/9 Coronado MainStreet Board meeting.
8/14 Met with resident Shannon Player.

Cal Cities, San Diego County Division meeting.
8/15 Met with City Manager Tina Friend.
8/16 San Diego Military Advisory Council meeting.

RADM Rosen, Navy Region Southwest dinner and evening social. 8/17 Interview with legal investigator interviewing all MTS Board members regarding personnel lawsuit.
8/29 Meeting (virtual) with Ali Sajjad Taj, President, Cal Cities regarding meter upgrade process for residential solar and storage projects. 8/30 SDG&E Partner Portal Training Workshop.

Met with Mark Crisson, President, Coronado Cays HOA Board of Directors.

City of Coronado Page 55

THIS PAGE INTENTIONALLY LEFT BLANK

CITY COUNCIL STAFF REPORT
September 19, 2023 10b

RECEIVE AND FILE THE ANNUAL COMPREHENSIVE FINANCIAL REPORT FOR THE YEAR ENDING JUNE 30, 2022
RECOMMENDATION:

Receive and file the City of Coronado Annual Comprehensive Financial Report for the year ending June 30, 2022.

BACKGROUND:

City staff prepared the Annual Comprehensive Financial Report (ACFR) to provide the myriad statements of the financial condition of the City as of June 30, 2022 in accordance with Generally Accepted Accounting Principles for municipal governments. The City engaged the Certified Public Accounting firm of Davis Farr, LLP to examine the City’s financial statements, applying auditing procedures that are in accordance with the auditing standards that they are required to abide by in their profession. As part of the examination, Davis Farr reviews the City’s internal controls and provides assistance to City staff in the preparation of the ACFR.

A management partner from Davis Farr will be at the September 19, 2023 meeting, to provide a brief presentation and answer questions about the audit examination. This opportunity is provided to the Council to demonstrate the transparency of the audit process and help provide the public with a level of confidence in the manner in which the audit firm independently conducted its audit.

The ACFR has been submitted to the City Council and is on file in the Office of the City Clerk, the City’s Library, and online at:

June 30, 2022 Annual Comprehensive Financial Reports
• The Introductory Section of the ACFR contains a transmittal letter, which provides background information about the community and local economy, an organizational chart, and a page that identifies elected and appointed officials. • The Financial Section of the ACFR includes City Management’s Discussion and Analysis (MD&A), the Basic Financial Statements, and Combining and Individual Fund Statements and Schedules. This MD&A is designed to provide a general overview and summary of the results and required supplemental information for the year ended June 30, 2022. The MD&A is intended to be read in conjunction with the financial statements and other information found in the report.
• Accompanying this report are four letters from Davis Farr which constitute their report to the governing body on the scope of work performed as well as their report on matters of internal control and their compliance with auditing standards, single audit report for federal awards expenditure, and report on compliance for the Housing Successor.

City of Coronado Page 56
Responsibility for the accuracy, completeness, and fair presentation of the ACFR, which includes all disclosures in the financial statements, rests with City management. In addition, management is responsible for establishing and maintaining an internal control structure designed to ensure that adequate accounting data are compiled to allow for preparation of financial statements in conformity with generally accepted accounting principles, compliance with applicable laws and regulations, effectiveness and efficiency of financial operations, and assets of the City are protected from loss, theft, and misuse. The internal control structure is designed to provide reasonable, but not absolute, assurance that these objectives are met.

ANALYSIS:

At the conclusion of the audit, Davis Farr rendered an unmodified (clean) opinion, which signifies that the financial statements of the City of Coronado for the year ending June 30, 2022 are free of material misstatement. The independent audit involved examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements; assessing that the accounting principles used are appropriate and proper; evaluating the City’s internal control procedures; and determining that the overall financial statement presentation is in accordance with Generally Accepted Accounting Principles for government. Davis Farr conducted fieldwork on two occasions, first to conduct its assessment of the City’s accounting and internal control procedures, and second to conduct tests of financial transactions. Davis Farr has concluded, in its Independent Auditor’s Report (page 1 in the ACFR, which is included separately as a printed document), among other things, that:

In our opinion, the accompanying financial statements present fairly, in all material respects, the respective financial position of the governmental activities, the business-type activities, each major fund, and the aggregate remaining fund information of the City of Coronado, as of June 30, 2022, and the respective changes in financial position and cash flows thereof for the year then ended in accordance with accounting principles generally accepted in the United States of America.

As part of the FY 2021-22 engagement, Davis Farr also performed an audit of the City’s compliance with Health and Safety Code sections pertaining to Housing Successor Agencies.

The opinion of Davis Farr is that the City has complied in all material respects with the compliance requirements of the Health and Safety Code pertaining to Housing Agencies. The report on compliance has been published on the City’s website for review.

FISCAL IMPACT:

The ACFR shows the City’s financial condition as of June 30, 2022. The filing and receipt of this report does not result in a financial impact.

ALTERNATIVE:

Council may not receive the City of Coronado Annual Comprehensive Financial Report (ACFR) for the year ending June 30, 2022.

CALIFORNIA ENVIRONMENTAL QUALITY ACT:

Not Applicable.

PUBLIC NOTICE:

No notice required.

City of Coronado Page 57
ATTACHMENTS:

1. ACFR for Fiscal Year Ended June 30, 2022

2. Auditors’ letter to the Governing Body

3. Auditors’ Agreed Upon Procedures report over the Gann Limit

4. Single Audit Report on Federal Awards

5. Auditors’ report on Compliance with Applicable Requirement and on Internal Control Over Compliance for the Housing Successor
Submitted By: Administrative Services Department / John Kim City of Coronado Page 58
ANNUAL

COMPREHENSIVE

FINANCIAL REPORT

CITY OF CORONADO, CALIFORNIA
Fiscal Year 2021/2022
Attachment 1
City of Coronado Page 59
Attachment 1
City of Coronado Page 60

CITY OF CORONADO, CALIFORNIA

ANNUAL COMPREHENSIVE FINANCIAL REPORT

WITH AUDIT REPORT BY

INDEPENDENT CERTIFIED PUBLIC ACCOUNTANTS
FISCAL YEAR ENDED JUNE 30, 2022
PREPARED AND PRESENTED BY:

THE DEPARTMENT OF ADMINISTRATIVE SERVICES
John Kim, Director of Administrative Services
Attachment 1
City of Coronado Page 61

THIS PAGE INTENTIONALLY LEFT BLANK
Attachment 1
City of Coronado Page 62
Page
Number

INTRODUCTORY SECTION
Letter of Transmittal …………………………………………………………………………………………………i Organizational Chart …………………………………………………………………………………………………v List of Elected and Appointed Officials ………………………………………………………………………………vi GFOA Certificate of Achievement ……………………………………………………………………………………vii

FINANCIAL SECTION
Independent Auditor's Report …………………………………………………………………………………………1 Management Discussion and Analysis of Basic Financial Statements (Required Supplementary Information) ………………………………………………………………………………5

BASIC FINANCIAL STATEMENTS
Government-Wide Financial Statements:

Statement of Net Position …………………………………………………………………………………………21 Statement of Activities ……………………………………………………………………………………………22 Fund Financial Statements:

Balance Sheet - Governmental Funds ……………………………………………………………………………24 Reconciliation of the Balance Sheet of Governmental Funds to the Statement of Net Position …………………………………………………………………………………25 Statement of Revenues, Expenditures and Changes in Fund Balances - Governmental Funds ………………………………………………………………………………………………26 Reconciliation of the Statement of Revenues, Expenditures and Changes in Fund Balances of Governmental Funds to the Statement of Activities …………………………………. 27 Statement of Net Position - Proprietary Funds ……………………………………………………………………29 Statement of Revenues, Expenses and Changes in Fund Net Positions - Proprietary Funds …………………………………………………………………………………………………30 Statement of Cash Flows - Proprietary Funds ……………………………………………………………………31 Statement of Fiduciary Net Position - Fiduciary Funds ……………………………………………………………33 Statement of Changes in Fiduciary Net Position - Fiduciary Funds …………………………………….. 34 Notes to the Financial Statements ……………………………………………………………………………………35

REQUIRED SUPPLEMENTARY INFORMATION
Budgetary Comparison Schedule – General Fund …………………………………………………………………91 Notes to Required Supplementary Information ……………………………………………………………………93

CITY OF CORONADO

ANNUAL COMPREHENSIVE FINANCIAL REPORT
FOR THE YEAR ENDED JUNE 30, 2022

TABLE OF CONTENTS
Attachment 1
City of Coronado Page 63

FINANCIAL SECTION (CONTINUED)
Schedule of Changes in the Net Pension Liability and Related Ratios – Miscellaneous Plan …………………………………………………………………………………………………94 Schedule of Plan Contributions – Miscellaneous Plan ………………………………………………………………96 Schedule of Proportionate Share of the Net Pension Liability – Safety Plan ……………………………… 97 Schedule of Plan Contributions – Safety Plan ……………………………………………..……………………. 98 Schedule of Changes in Net OPEB Liability and Related Ratios………………………………………….. 99 Schedule of OPEB Plan Contributions…………………………………………………………………..... 100

COMBINING AND INDIVIDUAL FUND STATEMENTS AND SCHEDULES
Combining Balance Sheet – Non-Major Governmental Funds ……………………………………………………106 Combining Statement of Revenues, Expenditures and Changes in - Fund Balances – Non-Major Governmental Funds …………………………………………………………………110 Budgetary Comparison Schedules – Special Revenue Funds
Gas Tax ……………………………………………………………………………………………………………113
TransNet ……………………………………………………………………………………………………………114
Transportation Development …................................................................................................................. 115 Federal & State Grants………………………………………………………………………………….. 116 Public Safety ………………………………………………………………………………………………………117 Library ……………………………………………………………………………………………………………118
Community Development Block Grant ……………………………………………………………………………119 Affordable Housing ………………………………………………………………………………………………120 Affordable Housing in Lieu………………………………………………………………………………………121 Coronado Tidelands ………………………………………………………………………………………………122 Budgetary Comparison Schedule – Capital Projects Funds …………………………………………………………123

STATISTICAL SECTION
Statistical Section ……………………………………………………………………………………………………127 Net Position by Component Last Ten Fiscal Years …………………………………………………………………128 Changes in Net Position Last Ten Fiscal Years ............................................................................................... 130 Governmental Activities Tax Revenues by Source Last Ten Fiscal Years ...............................................................135 Fund Balances of Governmental Funds Last Ten Fiscal Years ...................................................................... 136 Changes in Fund Balances of Governmental Funds Last Ten Fiscal Years .................................................... 138 Assessed Value of Taxable Property Last Ten Fiscal Years ....................................................................... 140 Property Tax Rates – Direct and Overlapping Governments (Per $100 of Assessed Value) Last Ten Fiscal Years ………………………………………………………………142 Principal Property Taxpayers Based on Gross Assessed Values Current Year and Nine Years Ago ............................................................................................................................143 Attachment 1
City of Coronado Page 64

STATISTICAL SECTION (CONTINUED)
General Property Tax Levies and Collections Last Ten Fiscal Years ................................................................. 144 Schedule of Debt Ratios Last Ten Fiscal Years ...........................................................................145 Schedule of Direct and Overlapping Debt, June 30, 2022 ....................................................................... 146 Schedule of Legal Debt Margin, June 30, 2022 ...................................................................................... 147 Pledged Revenue Coverage Storm Drain Revenue Bonds
Last Ten Fiscal Years ........................................................................................................................................... 148 Demographic and Economic Statistics Last Ten Fiscal Years ......................................................................... 149 Principal Employers by Employee Size June 30, 2022 and June 30, 2013 ..............................................................150 Full – Time and Part – Time City Employees Last Ten Fiscal Years .......................................................... 151 Operating Indicators by Function Last Ten Fiscal Years ............................................................................... 152 Capital Asset Statistics By Function Last Ten Fiscal Years …………………………………………………………154 Attachment 1
City of Coronado Page 65

THIS PAGE INTENTIONALLY LEFT BLANK
Attachment 1
City of Coronado Page 66
1825 STRAND WAY OFFICE OF THE CITY MANAGER
CORONADO, CALIFORNIA 92118-3099 TEL. (619) 522-7335 FAX (619) 522-7846 August 28, 2023
To the Honorable Mayor, Councilmembers, and Citizens of the City of Coronado:

I am pleased to submit the Annual Comprehensive Financial Report (ACFR) of the City of Coronado for the fiscal year ended June 30, 2022.

This report consists of City management staff’s representations concerning the finances of the City. Consequently, management assumes full responsibility for the completeness and reliability of information presented in this report. To provide a reasonable basis for making these representations, the City’s management has established a comprehensive internal control framework designed to protect the City’s assets and to compile sufficient reliable information for the preparation of the financial statements in conformity with Generally Accepted Accounting Principles (GAAP). Because the costs of internal controls should not outweigh its benefits, the City’s comprehensive framework of internal controls has been designed both to provide reasonable rather than absolute assurance that the financial statements will be free from material misstatement and that they are fairly presented. As management we attest that, to the best of our knowledge and belief, this financial report is complete and reliable in all material respects.

Davis Farr, LLP, Certified Public Accountants, have issued an unmodified opinion of the fair presentation of the City of Coronado’s financial statements for the fiscal year ended June 30, 2022.

The independent auditor’s opinion report is presented as the first component of the financial section of this report.

Management’s Discussion and Analysis (MD&A) immediately follows the independent auditor’s report and provides a narrative introduction, overview, and analysis of the basic financial statements. This letter of transmittal is designed to complement and should be read in conjunction with the MD&A.

CITY OF CORONADO PROFILE
The City of Coronado, which incorporated on December 12, 1890, is located on a narrow peninsula at the southwestern edge of San Diego County. Bounded to the west by the Pacific Ocean and on the east by San Diego Bay, the City is accessible by the two-mile long San Diego-Coronado Bridge from the east and Silver Strand Highway to the south. The City occupies a land and water area of

32.7 square miles, serving a population of approximately 25,000 living in approximately 9,500 housing units. In addition, the City also serves seasonal residents, tourists, and local area daytime visitors.

Attachment 1
City of Coronado Page 67
ii
The City of Coronado operates under a council-manager form of government, with a Mayor and four-member council elected at-large for four-year staggered terms, with a two-term limit for each elected office. The City provides a wide range of services, including general government, police and fire protection; beach lifeguard services; disaster preparedness; building safety regulation and inspection; infrastructure and public facility capital improvement construction; sewer, storm drain, street, park and beach maintenance; library services; golf; and recreational and cultural programs.

Coronado has a rich history. It began as a resort community in 1886 with the formation of the Coronado Beach Company, followed by the opening of the Hotel Del Coronado in 1888. The City incorporated as a general law city in 1890. Coronado’s City Hall and Community Center are located on the Glorietta Bay Promenade, once the site of Tent City, a popular vacation destination from 1900 to 1939. In 1917, the U.S. Government established a military base at the north end of the Coronado peninsula, now known as Naval Air Station North Island (NASNI), the “Birthplace of Naval Aviation.” In 1943, as a second military installation, Naval Amphibious Base, Coronado (NAB) was added along the Silver Strand. NAB is the West Coast base of operations for SEAL teams. In 1969, the San Diego-Coronado Bridge opened, replacing an auto ferry system between Coronado and downtown San Diego and now accommodates an average of 83,000 vehicles per day. Commuters to naval bases result in the City doubling in size every workday. Today, Coronado is known for its historical charm as a residential community, a iconic tourist destination, as well as headquarters to the largest military command in the southwest region of the United States.

ECONOMIC CONDITIONS
Local Economy
The local economy for the City of Coronado is primarily based on tourism, but the largest employer is Naval Base Coronado (NBC), a consolidated United States Navy installation encompassing eight regional installations throughout Southern California, three of which are located in Coronado. NBC employs over 20,000 military and civilian personnel, a majority of whom are based at NASNI and NAB. The City’s proximity to the ocean, luxury resorts, award winning beaches, and island-like characteristics have resulted in Coronado being one of the region’s most recognized and desirable destinations for out-of-town and regional visitors. Seventeen local hotels provide more than 1,900 rooms, plus there are over 70 cafés and restaurants in the City. Hotels and restaurants employ over 4,000 workers.

Coronado’s property tax roll values for all taxable properties recorded a growth of 3.2% in fiscal year 2021-22 compared to fiscal year 2020-21. Property, sales, and transient occupancy tax (TOT) revenues are the City’s three largest revenue sources and account for 85% of general fund revenues.

Long-Term Financial Planning
The annual budget serves as the foundation for the City’s financial planning and control. The City Manager presents the proposed balanced budget to the City Council for review prior to the beginning of each fiscal year. In advance of the annual budget adoption process, the City Council also considers a multi-year financial projection for its General Fund to provide a long-term context for its annual budget. The proposed annual budget is presented at a public workshop in May, and Attachment 1
City of Coronado Page 68
iii
the Council adopts the final balanced budget no later than June 30, the close of the fiscal year. The budget is presented by fund and department. As of June 30, 2022, the City has 33 capital projects underway and has appropriated funds for 10 new capital projects in fiscal year 2022-23. Only the City Council has the authority to increase total appropriations within any fund, subject to the appropriations limitations established by State law. In contrast to other California cities, Coronado has enjoyed financial strength through conservative budgeting, most notably with over a decade of the General Fund operating without budget shortfalls and without dipping into reserves to make up for budget shortfalls.

Financial Policies
As part of the annual budget adoption process, the City Council reviews and updates the fund balance policy, including the size and use of reserves. For fiscal year 2022-23, the Council committed $31.5 million of the general fund balance for responding to unforeseen emergencies and economic downturns, and operating cash flow purposes, $4 million for future capital projects, and $500,000 for historic property preservation.

The City of Coronado has taken proactive steps in the long-term management of sustainable, affordable pension benefits for employees. In 2011, the City paid off its CalPERS Public Safety Plan side fund liability of $6.2 million several years early in order to avoid over $3.8 million in future interest costs. In 2013, the City pre-funded a $5 million contribution toward its Miscellaneous Pension Plan, shortening the amortization of its pension liabilities and lowering the City’s Miscellaneous Plan contribution rate. In January 2014, the City established an Other PostEmployment Benefits (OPEB), IRS Section 115 irrevocable trust with Public Agency Retirement Services (PARS) to stabilize future OPEB contribution costs. Total contributions made were $2,075,000 with a market value of $3,043,639 as of June 30, 2022. In June 2015, the City prefunded a $5 million contribution toward the Safety Pension Plan, reducing the Safety pension liability, which will result in lower amortization payments in future years. In October 2015, the City established the pension IRS Section 115 irrevocable trust with PARS to stabilize future CalPERS contribution costs. Total contributions made were $12,358,000 with a market value of $12,682,084 as of June 30, 2022.

Major Initiatives
The City’s commitment for Fiscal Year 2022-23 and beyond is to continue exploring innovative services that effectively meet the needs of the community. Included among the major initiatives for this year are:
 Continued investment in City infrastructure through 40 capital projects encompassing storm water, wastewater, recreational, public facilities, and transportation improvements.  Initiation of the Parker Pump Station joint stormwater and wastewater facility.  Re-initiation of the Cays Park Master Plan process.
 Resurfacing and restriping of the City’s tennis and pickleball courts.  Re-initiation of the Spreckels Center Lawn Bowling Green playing surface replacement.  Developing a Downtown streetscape plan for pavement, street furniture and lighting with focus on the rehabilitation of the 800 block of Orange Avenue.  Investment in the City’s Information Technology infrastructure including a new integrated Enterprise Resource Planning (ERP) system and agenda management software.  Adoption of Climate Action Plan and Sea Level Rise Vulnerability and Adaptation Plan.

Attachment 1
City of Coronado Page 69
iv
 Adoption of Climate Action Plan and Sea Level Rise Vulnerability and Adaptation Plan.  Developing the Library’s Winn Room renovation plan.
 Addressing COVID-19 pandemic issues and post emergency recovery.

Awards and Acknowledgements
The Government Finance Officers Association of the United States and Canada (GFOA) awarded a Certificate of Achievement for Excellence in Financial Reporting to the City of Coronado for its ACFR for the year ended June 30, 2021. The City applied for this prestigious national award recognizing conformance with the highest standards for preparation of state and local financial reports.

In order to be awarded a Certificate of Achievement, a government unit must publish an easily readable and efficiently organized Annual Comprehensive Financial Report, whose contents conform to program standards. This award is valid for a one-year period only.

The preparation of the Annual Comprehensive Financial Report was made possible by the dedicated services of the Finance Division of the Administrative Services Department. Special recognition goes to Madeline Smith, the City’s Finance Manager, who continues to dedicate herself to the preparation of this Annual Comprehensive Financial Report and its timely release.

There is no doubt that the City of Coronado enjoys a quality of life that sets it apart from other communities. Credit is due to current and previous Mayors and Councils for their support for maintaining the highest standards of professionalism in the management of the City’s finances.

Respectfully Submitted,
Tina Friend John J. Kim
City Manager Director of Administrative Service
Attachment 1
City of Coronado Page 70

CITY COUNCIL

COMMUNITY DEVELOPMENT

SUCCESSOR AGENCY

BOARD &

COMMISSIONS

CITY MANAGER

LIBRARY

RECREATION &
GOLF

COMMUNITY

DEVELOPMENT
PUBLIC

SERVICES &

ENGINEERING

CITIZENS OF CORONADO

CITY COUNCIL

COMMUNITY DEVELOPMENT

SUCCESSOR AGENCY

BOARD &

COMMISSIONS

CITY MANAGER

CITY COUNCIL

COMMUNITY DEVELOPMENT

SUCCESSOR AGENCY

CITY ATTORNEY
(Contract)

BOARDS &

COMMISSIONS

CITY MANAGER

CITY CLERK

ADMINISTRATIVE

SERVICES POLICE
FIRE
v
Attachment 1
City of Coronado Page 71

CITY OF CORONADO

LISTING OF ELECTED & APPOINTED OFFICIALS
As of June 30, 2022

ELECTED OFFICIALS
Richard Bailey
Mayor
Mike Donovan Bill Sandke
Mayor Pro-Tem Council Member
Marvin Heinze Casey Tanaka
Council Member Council Member

APPOINTED OFFICIALS
Tina Friend
City Manager
Johanna Canlas
City Attorney
vi
Attachment 1
City of Coronado Page 72
Government Finance Officers Association
Certificate of
Achievement
for Excellence
in Financial
Reporting
Presented to
City of Coronado
California
For its Annual Comprehensive
Financial Report
For the Fiscal Year Ended
June 30, 2021
Executive Director/CEO
vii Attachment 1
City of Coronado Page 73

THIS PAGE INTENTIONALLY LEFT BLANK
Attachment 1
City of Coronado Page 74

CITY OF CORONADO

FINANCIAL SECTION
Attachment 1
City of Coronado Page 75

THIS PAGE INTENTIONALLY LEFT BLANK
Attachment 1
City of Coronado Page 76
Independent Auditor’s Report
City Council
City of Coronado
Coronado, California
Report on the Audit of the Financial Statements
Opinions
We have audited the financial statements of the governmental activities, the business-type activities, each major fund, and the aggregate remaining fund information of the City of Coronado, California (City), as of and for the year June 30, 2022, and the related notes to the financial statements, which collectively comprise the City’s basic financial statements as listed in the table of contents.

Basis for Opinions
We conducted our audit in accordance with auditing standards generally accepted in the United States of America (GAAS) and the standards applicable to financial audits contained in Government Auditing Standards, issued by the Comptroller General of the United States. Our responsibilities under those standards are further described in the Auditor’s Responsibilities for the Audit of the Financial Statements section of our report. We are required to be independent of the City of Coronado and to meet our other ethical responsibilities, in accordance with the relevant ethical requirements relating to our audit. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinions.

Emphasis of Matter
As described further in Note 5 to the financial statements, during the year ended June 30, 2022, the City implemented Governmental Accounting Standards Board (GASB) Statement No.87, Lease Accounting. In addition, the financial statements reflect a prior period adjustment as described further in Note 21 to the financial statements. Our opinion is not modified with respect to these matters.

Responsibilities of Management for the Financial Statements The City of Coronado’s management is responsible for the preparation and fair presentation of the financial statements in accordance with accounting principles generally accepted in the United States of America, and for the design, implementation, and maintenance of internal control relevant to the preparation and fair presentation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, management is required to evaluate whether there are conditions or events, considered in the aggregate, that raise substantial doubt about the City of Coronado’s ability to continue as a going concern for one year after the date that the financial statements are issued.
1 Attachment 1
City of Coronado Page 77
Auditor’s Responsibilities for the Audit of the Financial Statements Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinions. Reasonable assurance is a high level of assurance but is not absolute assurance and therefore is not a guarantee that an audit conducted in accordance with GAAS will always detect a material misstatement when it exists. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control. Misstatements are considered material if there is a substantial likelihood that, individually or in the aggregate, they would influence the judgment made by a reasonable user based on the financial statements.

In performing an audit in accordance with GAAS, we:
 Exercise professional judgment and maintain professional skepticism throughout the audit.
 Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, and design and perform audit procedures responsive to those risks. Such procedures include examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements.  Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the City of Coronado’s internal control.

Accordingly, no such opinion is expressed.
 Evaluate the appropriateness of accounting policies used and the reasonableness of significant accounting estimates made by management, as well as evaluate the overall presentation of the financial statements.
 Conclude whether, in our judgment, there are conditions or events, considered in the aggregate, that raise substantial doubt about the City of Coronado’s ability to continue as a going concern for a reasonable period of time.

We are required to communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit, significant audit findings, and certain internal control–related matters that we identified during the audit.

Required Supplementary Information
Accounting principles generally accepted in the United States of America require that the management’s discussion and analysis, budgetary comparison schedule-general fund, schedule of changes in the net pension liability and related ratios-miscellaneous plan, schedule of plan contributions-miscellaneous plan, schedule of proportionate share of the net pension liability-safety plan, schedule of contributions- safety plan, schedule of changes in Net OPEB liability and related ratios, and schedule of OPEB plan contributions be presented to supplement the basic financial statements.

Such information is the responsibility of management and, although not a part of the basic financial statements, is required by the Governmental Accounting Standards Board who considers it to be an essential part of financial reporting for placing the basic financial statements in an appropriate operational, economic, or historical context. We have applied certain limited procedures to the required supplementary information in accordance with auditing standards generally accepted in the United States of America, which consisted of inquiries of management about the methods of preparing the information and comparing the information for consistency with management’s responses to our inquiries, the basic financial statements, and other knowledge we obtained during our audit of the basic financial statements. We do not express an opinion or provide any assurance on the information because the limited procedures do not provide us with sufficient evidence to express an opinion or provide any assurance.
2 Attachment 1
City of Coronado Page 78
Supplementary Information
Our audit was conducted for the purpose of forming opinions on the financial statements that collectively comprise the City of Coronado’s basic financial statements. The combining nonmajor fund financial statements and budgetary comparison schedules are presented for purposes of additional analysis and are not a required part of the basic financial statements.

The combining nonmajor fund financial statements and budgetary comparison schedules are the responsibility of management and were derived from and relate directly to the underlying accounting and other records used to prepare the basic financial statements. Such information has been subjected to the auditing procedures applied in the audit of the basic financial statements and certain additional procedures, including comparing and reconciling such information directly to the underlying accounting and other records used to prepare the basic financial statements or to the basic financial statements themselves, and other additional procedures in accordance with auditing standards generally accepted in the United States of America. In our opinion, the combining nonmajor fund financial statements and budgetary comparison schedules are fairly stated, in all material respects, in relation to the basic financial statements as a whole.

Other Information
Management is responsible for the other information included in the Annual Comprehensive Financial Report. The other information comprises the introductory section and statistical section but does not include the financial statements and our auditor's report thereon. Our opinions on the financial statements do not cover the other information, and we do not express an opinion or any form of assurance thereon. In connection with our audit of the financial statements, our responsibility is to read the other information and consider whether a material inconsistency exists between the other information and the financial statements, or the other information otherwise appears to be materially misstated. If, based on the work performed, we conclude that an uncorrected material misstatement of the other information exists, we are required to describe it in our report.

Other Reporting Required by Government Auditing Standards In accordance with Government Auditing Standards, we have also issued our report dated August 28, 2023 on our consideration of the City of Coronado’s internal control over financial reporting and on our tests of its compliance with certain provisions of laws, regulations, contracts, and grant agreements and other matters.

The purpose of that report is solely to describe the scope of our testing of internal control over financial reporting and compliance and the results of that testing, and not to provide an opinion on the effectiveness of internal control over financial reporting or on compliance. That report is an integral part of an audit performed in accordance with Government Auditing Standards in considering the City of Coronado’s internal control over financial reporting and compliance.

Irvine, California
August 28, 2023
3 Attachment 1
City of Coronado Page 79

THIS PAGE INTENTIONALLY LEFT BLANK
4 Attachment 1
City of Coronado Page 80
MANAGEMENT’S DISCUSSION

THE CITY OF CORONADO AND ANALYSIS
As management of the City of Coronado (the City), we offer readers of the City’s financial statements this narrative overview and analysis of the financial activities of the City for the fiscal year ended June 30, 2022. The Management’s Discussion and Analysis is designed to (a) assist the reader in focusing on significant financial issues; (b) provide an overview of the City’s financial activity; (c) identify changes in the City’s financial position (its ability to address future challenges); (d) identify any material deviations from the financial plan (approved budget); and (e) identify individual fund issues or concerns.

We encourage readers to consider the information presented here in conjunction with additional information that we have furnished in the financial statements (beginning on page 21).

FINANCIAL HIGHLIGHTS
 The assets and deferred outflows of the City exceeded its liabilities and deferred inflows at June 30, 2022, by $329 million (net position). Of this amount, $115 million (unrestricted net position) may be used to meet the government’s ongoing obligations to residents and creditors.  The City’s overall revenue was $86 million compared to expenses of $68 million, resulting in an increase in net position of $18 million.
 The City’s Governmental Activities total outstanding long-term debt at June 30, 2022, was $37 million, which is $26 million lower than the prior year. The deferred inflows of the City at June 30, 2022, was $24 million, which is $22 million higher than the prior year.  The City’s Governmental Funds reported combined ending fund balances of $183 million.

Revenues exceeded expenditures including transfers-out by $7 million.  At June 30, 2022, committed, assigned and unassigned fund balance for the general fund was $93 million, or 158% of total general fund expenditures.

OVERVIEW OF THE FINANCIAL STATEMENTS
This Management Discussion and Analysis is intended to serve as an introduction to the City’s Annual Comprehensive Financial Report (ACFR) for the Fiscal Year ending June 30, 2022, and the basic financial statements contained therein. The City’s basic financial statements consist of three components: 1) government-wide financial statements, 2) fund financial statements, and 3) the notes to the financial statements. This ACFR also contains other supplementary information in addition to the basic financial statements intended to furnish additional detail to support the basic financial statements.
5 Attachment 1
City of Coronado Page 81
MANAGEMENT’S DISCUSSION

THE CITY OF CORONADO AND ANALYSIS
Government-wide Financial Statements
The government-wide financial statements are designed to provide readers with a broad overview of the City’s finances, in a manner similar to a private sector business.

Statement of Net Position: This statement presents information on all of the City’s assets, liabilities, and deferred inflows/outflows of resources, with the difference between these items reported as net position. Over time, increases or decreases in net position may serve as a useful indicator of whether the financial position of the City is improving or deteriorating.

Statement of Activities: This statement presents information showing how the City’s net position changed during the most recent fiscal year. All changes in net position are reported as soon as the underlying event giving rise to the change occurs, regardless of the timing of related cash flows.

Thus, revenues and expenses are reported in this statement for some items that will only result in cash flows in future fiscal periods (e.g., uncollected taxes and earned but unused vacation leave).

Both of the government-wide financial statements, the Statement of Net Position and the Statement of Activities, distinguish functions of the City that are principally supported by taxes and intergovernmental revenues (governmental activities) from other functions that are intended to recover all or a significant portion of their costs through user fees and charges (business-type activities). The governmental activities of the City include general government, public safety, construction and maintenance, planning and building services, culture and leisure, transportation, and housing. The business-type activities of the City include wastewater, golf, and storm drain.

The government-wide financial statements can be found on pages 21-23 of this report.

Fund Financial Statements
A fund is a grouping of related accounts that is used to maintain control over resources that have been segregated for specific activities or objectives. The City, like other state and local governments, uses fund accounting to ensure and demonstrate compliance with finance-related legal requirements. All of the funds of the City can be divided into three categories as follows:

Governmental Funds: Governmental funds are used to account for essentially the same functions reported as governmental activities in the government-wide financial statements. However, unlike the government-wide financial statements, governmental fund financial statements focus on nearterm inflows and outflows of spendable resources, as well as on balances of spendable resources available at the end of the fiscal year. Such information may be useful in evaluating a government’s near-term financing requirements.

Because the focus of governmental funds is narrower than that of the government-wide financial statements, it is useful to compare the information presented for governmental funds with similar information presented for governmental activities in the government-wide financial statements.

By doing so, readers may better understand the long-term impact of the government’s near-term financing decisions.
6 Attachment 1
City of Coronado Page 82
MANAGEMENT’S DISCUSSION

THE CITY OF CORONADO AND ANALYSIS
Both the governmental fund Balance Sheet and the governmental fund Statement of Revenues, Expenditures, and Changes in Fund Balances provide a reconciliation to facilitate this comparison between governmental funds and governmental activities.

The City maintains 15 individual governmental funds. Information is presented separately in the governmental fund Balance Sheet and in the governmental fund Statement of Revenues, Expenditures, and Changes in Fund Balances for the General Fund and Capital Projects Funds, which are considered major funds.

Data from the other 13 governmental funds are combined into a single, aggregated presentation.

Individual fund data for each of these non-major governmental funds is provided in the form of combining statements in pages 102-108 of this report.

The City adopts an annual appropriated budget for its General Fund. A budgetary comparison schedule for the General Fund has been provided in page 88 of this report to demonstrate compliance with this budget.

The basic governmental fund financial statements can be found on pages 24 and 26 of this report.

Proprietary Funds: The City maintains one type of proprietary funds. Enterprise funds are used to report the same functions presented as business-type activities in the government-wide financial statements. The City uses enterprise funds to account for its Wastewater Utility, Golf Course, and Storm Drain Utility.

Proprietary funds provide the same type of information as the government-wide financial statements, only in more detail. The proprietary fund financial statements provide information on each of the enterprise funds noted above, as all are considered to be major funds.

The basic proprietary fund financial statements can be found on pages 28-30 of this report.

The following table shows a summary of the Statement of Net Position as of June 30, 2022 and 2021.
7 Attachment 1
City of Coronado Page 83
MANAGEMENT’S DISCUSSION

THE CITY OF CORONADO AND ANALYSIS
Fiduciary Funds: Fiduciary funds are used to account for resources held for the benefit of parties outside the government. Fiduciary funds are not reported in the government-wide financial statement because the resources of those funds are not available to support the City’s own programs. The accounting used for fiduciary funds is much like that used for proprietary funds.

The City maintains one type of fiduciary fund, a private purpose trust fund. This private purpose trust fund was established with the dissolution of the Former Redevelopment Agency to report the Successor Agency activity in the City’s financial statements, see Note 19 on pages 81-84.

The fiduciary fund financial statements can be found on pages 33-34 of this report.

Notes to the Financial Statements
The notes provide additional information that is essential to a full understanding of the data provided in the government-wide and fund financial statements. The notes to the financial statements can be found on pages 32-33 of this report.
(in thousands)
2022 2021 2022 2021 2022 2021
Current assets $ 192,176 $ 180,892 $ 23,414 $ 20,292 $ 215,590 $ 201,184 Noncurrent assets:

Capital assets 130,411 129,875 45,296 42,081 175,707 171,956 Total assets 322,587 310,767 68,710 62,373 391,297 373,140 Total deferred
outflows of resources 12,539 12,184 887 956 13,426 13,140 Current liabilities 7,081 4,493 1,625 567 8,706 5,060
Noncurrent liabilities 36,847 62,598 2,438 4,403 39,285 67,001 Total liabilities 43,928 67,091 4,063 4,970 47,991 72,061 Total deferred
inflows of resources 23,798 2,162 4,039 672 27,837 2,834 Net position:

Invested in capital assets 130,411 129,875 45,296 42,081 175,707 171,956 Restricted 38,146 50,311 - - 38,146 50,311
Unrestricted 98,843 73,512 16,199 15,606 115,042 89,118 Total net position $ 267,400 $ 253,698 $ 61,495 $ 57,687 $ 328,895 $ 311,385 Statement of Net Position
June 30, 2022 and 2021
Governmental Activities Business-Type Activities Totals 8 Attachment 1
City of Coronado Page 84
MANAGEMENT’S DISCUSSION

THE CITY OF CORONADO AND ANALYSIS
Other Information
In addition to the basic financial statements and accompanying notes, this report also presents certain supplemental and statistical information that may be useful to the users of the City’s financial statements. Statistical information about the City can be found in the last section of the report beginning on page 123.

FINANCIAL ANALYSIS
Government-Wide Analysis
During FY 2021-22, the City’s total net position increased from $311 million to $329 million, an increase of 5.71%. The increase is attributable to an increase in both governmental activity function of $14 million and increase in business activity function of $4 million.

At June 30, 2022 the City’s assets and deferred outflows of resources exceeded liabilities and deferred inflows of resources by $311 million. The total amount of capital assets (i.e., land, buildings, infrastructure, and equipment) decreased by $4 million from FY 2020-21 as addition to capital assets exceeded depreciation and deletion. Approximately 52% of the City’s net position is investment in capital assets. As of June 30, 2022, there was no debt used to acquire assets. The City uses these capital assets to provide a variety of services to the public; consequently, these assets are not available for future spending.

An additional portion of the City’s net position, 24%, represents resources that are subject to external restrictions as to how they may be used. These restrictions are typically imposed by parties outside the government (such as laws, regulations, creditors, or grantors of other governmental agencies). Assets are also restricted when associated with particular liabilities (for instance, restricted assets associated with revenue bonds). An amount equal to these restricted assets, less any related liabilities, is subsequently reported.

At the end of FY 2021-22 the remaining balance of net position, which is unrestricted, is $115 million. The unrestricted portion of net position comprises $99 million and $16 million in governmental and business-type activities, respectively. Unrestricted funds normally represent assets that are not otherwise restricted for any specific purpose and not specifically invested in capital assets.

The following table shows the summary of the City’s activities and the components that caused the City’s net position to increase:
9 Attachment 1
City of Coronado Page 85
MANAGEMENT’S DISCUSSION

THE CITY OF CORONADO AND ANALYSIS
Governmental Activities: Overall, revenues for the year ending June 30, 2022, increased by $10.8 million, or 14.3%. The following is a list of notable changes compared to the prior year:
 Property Tax revenue increased by $1.5 million which resulted from a $318 million increase (3.2%) in the City’s assessed value of taxable properties during FY 2021-22 as compared to the prior year.
 Transient Occupancy Tax revenue increased by $10.2 million due to continued demand and recovery from the pandemic in the City’s tourism activities during FY 2021-22.  Income from investments decreased by approximately $6.4 million due to lower interest and investment losses earnings from various investment assets held by the City.  Operating Grants and Contributions increased by $3.0 million due to approximately $2.8 million of the Coronavirus State Local Fiscal Recovery Fund program grant received through the American Rescue Plan Act.
2022 2021 2022 2021 2022 2021
Revenues:

Program Revenues
Charges for Services $ 6,245 $ 6,2 18 $ 14,963 $ 13,279 $ 2 1,208 $ 19 ,497 Operating Grants & Contributions 5,996 3,089 - - 5,996 3,089 Capital Grants & Contributions 991 1,0 82 - - 9 91 1,082 General Revenues
Property Tax 35,784 3 4,299 - - 3 5,784 34 ,299
Transient Occupancy Tax 19,745 9,5 95 - - 1 9,745 9,595 Sales & Use Tax 4,801 2,884 - - 4,801 2,884
Other Taxes 1,639 2,1 60 - - 1,639 2,160
Use of Money and Property (3,649) 2,781 (367) 189 (4,016) 2,970 Other 305 8 5 - - 3 05 85
Total Revenues 71,857 6 2,193 14,596 13,468 8 6,453 75 ,661 Expenses:

General Government 10,424 11,983 - - 10,424 11,983
Public Safety 23,768 27,757 - - 23,768 27,757
Construction & Maintenance 11,584 13,984 - - 11,584 13,984 Culture & Leisure 9,036 8,171 - - 9,036 8,171
Planning & Building 2,746 3,635 - - 2,746 3,635
Housing 97 127 - - 97 127
Wastewater - - 6,277 6,709 6,277 6,709
Golf - - 3,486 3,400 3,486 3,400
Storm Drain - - 1,301 1,374 1,301 1,374
Total Expenses 57,655 65,657 11,064 11,483 68,719 77,140 Increase (Decrease) in Net
Position Before Transfers 14,202 (3,464) 3,532 1,985 17,734 (1,479) Transfers (500) (685) 500 685 - -
Change in Net Position 13,702 (4,149) 4,032 2,670 17,734 (1,479) Net Position, July 1 (restated) 253,698 257,847 57,463 55,017 311,161 312,864 Net Position, June 30, $ 267,400 $ 253,698 $ 61,495 $ 57,687 $ 328,895 $ 311,385 Statement of Activities
For the fiscal year ended June 30, 2022 and 2021
(in thousands)
Governmental Activities Business-Type Activities Totals 10 Attachment 1
City of Coronado Page 86
MANAGEMENT’S DISCUSSION

THE CITY OF CORONADO AND ANALYSIS
Total expenses decreased by $8 million, or -12. %. The following are the notable changes compared to the prior year:
 Public safety decreased by $4.0 million due to decreases in the safety pension plan’s contribution rates, and grant expenditures; and increases in personnel vacancies.  Construction and maintenance decreased by $2.4 million due to reduced spending on major capital maintenance projects.
 General Government decreased by $1.6 million primarily decreases in pension plan’s contribution rates and increases in personnel vacancies.

The following chart compares governmental activities’ program revenues with expenses for all functions.

Business-Type Activities: During FY 2021-22, the net position for business-type activities increased by $4.1 million to $61.5 million. The net increase in net position was mostly due to continued operating income from Wastewater Utility fund and the increase of revenue in Golf Course fund from high demand.
$10,424
$23,768
$11,584
$9,036
$2,746
$97
$2,380
$3,604
$2,733
$2,551
$1,806
$98
$- $10,000 $20,000 $30,000 $40,000 $50,000
General Government
Public Safety
Culture & Leisure
Construction & Maintenance
Planning & Building
Housing
Expenses and Program Revenues
Governmental Activities
Year Ended June 30, 2022
(in thousands)
Expenses Program Revenues
11 Attachment 1
City of Coronado Page 87
MANAGEMENT’S DISCUSSION

THE CITY OF CORONADO AND ANALYSIS
Analysis of the Governmental Funds
As noted earlier, the City uses fund accounting to ensure and demonstrate compliance with finance-related legal requirements.

Governmental funds: The focus of the City’s governmental funds is to provide information on near-term inflows, outflows, and balances of spendable resources. Such information is useful in assessing the City’s financing requirements. In particular, unassigned fund balance may serve as a useful measure of a government’s net resources available for discretionary use as it represents the portion of fund balance which has not yet been limited to use for a particular purpose by either an external party, the City itself, or a group or individual that has been delegated authority to assign resources for use for particular purposes by the City Council.

As of June 30, 2022, the City’s governmental funds reported combined ending fund balances of $183.0 million, an increase of $6.7 million in comparison with the prior year. Of this amount, $30.7 million constitutes unassigned fund balance, which is available for spending at the government’s discretion. The remainder of the fund balance is either non-spendable, restricted, committed, or assigned to indicate that it is 1) not in spendable form or legally required to be maintained intact ($6.8 million); 2) restricted for particular purposes ($50.8 million); 3) committed for particular purposes ($32.1 million); or 4) assigned for particular purposes ($62.6 million).

The following chart compares the fund balance for the General Fund in the current and prior fiscal years.
12 Attachment 1
City of Coronado Page 88
MANAGEMENT’S DISCUSSION

THE CITY OF CORONADO AND ANALYSIS
The General Fund, which is the chief operating fund of the City, at June 30, 2022, had a total fund balance of $132.6 million, an increase of $6.8 million from FY 2020-21. The following schedule shows changes in fund balances for the governmental funds:

As a measure of the General Fund’s liquidity, it may be useful to compare both the General Fund’s unassigned fund balance and total fund balance to General Fund expenditures. Unassigned fund balance represents 61% of total general fund expenditures, while total fund balance represents 231% of that same amount.

In the other governmental funds, all fund balances are restricted ($18.1 million) or assigned ($32.4 million) for particular purposes. The following chart compares fund balance in other governmental funds in the current and prior fiscal years.
$7,541
$29,825 $31,350 $29,860
$27,156
$6,825
$32,685 $32,116
$30,227 $30,706
$0
$10,000
$20,000
$30,000
$40,000
$50,000
Nonspendable Restricted Committed Assigned Unassigned
General Fund
Components of Fund Balance
June 30, 2021 and 2022
(in thousands)
FY 2020-21 FY 2021-22
NonSpendable Restricted Committed Assigned Unassigned
General Fund $ (716,351) $ 2,861,403 $ 766,000 $ 367,690 $ 3,549,337 $ 6,828,079 Capital Projects - - - 2,181,003 - 2,181,003
Other Governmental Funds (202) (2,344,524) - - - (2,344,726) $ (716,553) $ 516,879 $ 766,000 $ 2,548,693 $ 3,549,337 $ 6,664,356 Governmental Funds Increase / (Decrease) in Fund Balances in FY 2021-22 Compared to FY 2020-21 Net Change
in Fund
Balance
13 Attachment 1
City of Coronado Page 89
MANAGEMENT’S DISCUSSION

THE CITY OF CORONADO AND ANALYSIS

Proprietary Funds: The City’s proprietary funds provide the same type of information as found in the government-wide financial statements, but in more detail. The following two tables show the changes in net position of the proprietary funds and invested in capital assets and unrestricted portions of net position of the proprietary funds of the City. The factors affecting the changes in net position and other factors regarding the proprietary funds have already been addressed in the discussion of the City’s business-type activities.

Changes in Net Position
Proprietary Funds
(in thousands)
$19
$20,468
$0
$30,181
$19 $0
$18,123
$0
$32,362
$0
$0
$10,000
$20,000
$30,000
$40,000
$50,000
Nonspendable Restricted Committed Assigned Unassigned
Other Governmental Funds
Components of Fund Balance
June 30, 2021 and 2022
(in thousands)
FY 2020-21 FY 2021-22
Net Position
June 30, 2021,
Restated
Changes in
Net Position
Net Position
June 30, 2022
Wastewater $ 45,374 $ 2,693 $ 48,067
Golf 5,686 1,485 7,171
Storm Drain 6,403 (147) 6,256
Total $ 57,463 $ 4,031 $ 61,494
14 Attachment 1
City of Coronado Page 90
MANAGEMENT’S DISCUSSION

THE CITY OF CORONADO AND ANALYSIS
Net Position
Proprietary Funds as of June 30, 2022
(in thousands)
Funds Budgetary Highlights
Original budget compared to final budget: During the year, there was an increase to revenue projections across all funds totaling $2.7 million. The majority of the increase was in continued recovery in sales and transient occupancy taxes from the impact of COVID pandemic on business sales and tourism. Adjustments to the General Fund expenditure budget were $835,000.

Final budget compared to actual results: In the General Fund, revenues were greater than projections by $3.8 million, due to higher actual results in sales and transient occupancy taxes.

This was offset by the use of money and property, which experienced investment losses on its Internal Revenue Code Section 115 Irrevocable Pension Trust Fund. In the General Fund, expenditures were under budget in all functional areas.

Debt Administration and Capital Assets
Long-term debt: Compensated absences, claims and judgments, and net pension and OPEB liabilities comprise the City’s long-term obligations. Overall, the City’s debt decreased by $27.7 million during Fiscal Year 2021-22. The overall decrease is due primarily to the decrease in the Net Pension Liability. This is mostly offset by the Deferred Inflows of Resources, which increased by $25.0 million during Fiscal Year 2021-22. The table below provides a comparison of the ending balance at June 30, 2021 and 2022. Additional information on the City’s long-term debts can be found in Note 8 on page 64 in the Financial Statement section of this report.

Investment in
Capital Assets
Unrestricted
Net Position
Total Net
Position
Wastewater $ 33,674 $ 14,393 $ 48,067
Golf 4,265 2,907 7,172
Storm Drain 7,357 (1,101) 6,256
Total $ 45,296 $ 16,199 $ 61,495
15 Attachment 1
City of Coronado Page 91
MANAGEMENT’S DISCUSSION

THE CITY OF CORONADO AND ANALYSIS
Outstanding Debt
(in thousands)
Capital assets: The City’s net capital assets for its governmental and business-type activities as of June 30, 2022 totals $175.7 million (net of accumulated depreciation). This investment includes land, art and collections, buildings, improvements other than buildings, infrastructure, and vehicles and equipment. The net change in capital assets for the current fiscal year was an increase of $3.8 million or 2.2%.

Capital Assets
(net of accumulated depreciation)
(in thousands)
The increase in the capital assets’ net book value was primarily due to the increase in construction in progress. Due to impacts of COVID pandemic on construction, the City continued to focus on construction projects in progress from prior years.

Additional information on the City’s capital assets can be found in Note 7 on pages 62-63 in the Financial Statement section of this report.
2022 2021 2022 2021 2022 2021
Compensated Absences $ 2,623 $ 2, 879 $ 2 17 $ 220 $ 2,840 $ 3,099 Claims and Judgments 7,821 7, 247 - - 7,821 7,247
Net Pension Liability 24,484 50, 652 1,974 3, 950 26,458 54,602 Net OPEB Liability 1,920 1, 821 2 46 234 2,166 2,055
Totals $ 36,848 $ 62,599 $ 2,437 $ 4,404 $ 39,285 $ 67,003 Governmental
Activities
Business-Type
Activities: Total
2022 2021 2022 2021 2022 2021
Land $ 33,127 $ 33,127 $ - $ - $ 33,127 $ 33,127
Art and Collections 1,829 1,780 - - 1,829 1,780
Construction in
Progress 4,04 5 2,815 4,50 4 1,977 8,549 4,792
Buildings 46,534 45,364 3,381 3,514 49,915 48,878
Improvements
Than Buildings 13,638 13,981 22,261 20,985 35,899 34,966 Infrastructure 25,207 26,723 8,174 8,478 33,381 35,201
Vehicles and 6,032 6,085 6,932 7,127 12,964 13,212
Equipment Under
Capital Lease - - 45 - 45 -
Totals $ 130,412 $ 129,875 $ 45,297 $ 42,081 $ 175,709 $ 171,956 Governmental
Activities
Business-Type
Activities: Total
16 Attachment 1
City of Coronado Page 92
MANAGEMENT’S DISCUSSION

THE CITY OF CORONADO AND ANALYSIS
Economic Factors and Next Year’s Budget
The following economic factors currently affect the City of Coronado and were considered in developing the FY 2022-23 budget.

 Assessed valuation growth in January 2022, which drives property tax growth for Fiscal Year 2022-23, was 8%. Assessed values in Coronado continue to trend upward, which accounts for the tax base.

 Revenue from transient occupancy taxes and sales tax are projected to continue its recovery to the pre-pandemic level as the demand for tourism remains strong as the economy reopened from COVID pandemic.
 The City has undertaken efforts to manage its liabilities associated with pensions and Other Post Employment Benefits (OPEB). In FY 2021-22, the City contributed a total of $2.0 million to its Internal Revenue Code Section 115 Irrevocable Pension Trust Fund which is maintained by the Public Agency Retirement System. The balance of the trust of $12.7 million is to be used to stabilize expected future increases in pension costs. The City budgeted an additional $1.0 million to be contributed to the pension trust fund. These and other strategies for managing pension costs continue to be a high priority of the City.  The General Fund minimum reserve requirement established by City Council policy was increased for FY 2022-23 to $36.0 million, an increase of 12.2% from the reported amount for FY 2021-22. The reserve requirement is committed to be used: 1) in the event of needed emergency response and/or economic downturns ($31.5 million); 2) for major construction projects ($4 million); and 3) for loss in property tax revenues from designation of historic preservation properties ($500,000). The actual amount of committed and unassigned general fund reserves at June 30, 2022 totals $66.3 million and is projected to remain stable during FY 2022-23 as the revenues and expenditures are expected to be level.  The City’s FY 2022-23 Budget is available online at the City’s website.

REQUESTS FOR INFORMATION
This financial report is designed to provide a general overview of the finances for all those with an interest in the government’s finances. Questions concerning any of the information provided in this report or requests for additional financial information should be addressed to:

Department of Administrative Services
City of Coronado
1825 Strand Way,
Coronado, CA 92118
17 Attachment 1
City of Coronado Page 93

THIS PAGE INTENTIONALLY LEFT BLANK
18 Attachment 1
City of Coronado Page 94

CITY OF CORONADO

BASIC FINANCIAL STATEMENTS
19 Attachment 1
City of Coronado Page 95

THIS PAGE INTENTIONALLY LEFT BLANK
20 Attachment 1
City of Coronado Page 96

CITY OF CORONADO

STATEMENT OF NET POSITION
JUNE 30, 2022
Governmental
Activities
Business-Type
Activities Total
ASSETS:

Cash and investments $ 159,016,630 $ 29,012,687 $ 188,029,317 Restricted 115 trust cash and investments 12,682,084 - 12,682,084 Accounts, grants and taxes receivable 5,227,306 2,616,519 7,843,825 Notes receivable 7,721,800 676,645 8,398,445
Interest receivable 4,184,420 - 4,184,420
Allowance for uncollectible receivables (9,770,656) - (9,770,656) Leases receivable 2,080,886 2,053,709 4,134,595
Loans to Successor Agency 55,608 - 55,608
Internal balances 10,946,092 (10,946,092) -
Prepaid items 32,075 - 32,075
Capital assets not being depreciated 39,001,662 4,504,312 43,505,974 Capital assets, net of accumulated depreciation 91,409,818 40,791,913 132,201,731 TOTAL ASSETS 322,587,725 68,709,693 391,297,418
DEFERRED OUTFLOWS OF RESOURCES:

Deferred items related to pensions 11,561,003 763,652 12,324,655 Deferred items related to OPEB 978,090 123,501 1,101,591 TOTAL DEFERRED OUTFLOWS OF RESOURCES 12,539,093 887,153 13,426,246 LIABILITIES:

Accounts payable 5,725,832 1,545,295 7,271,127
Unearned revenue 802,659 79,877 882,536
Deposits payable 552,580 - 552,580
Noncurrent liabilities:

Long-term liabilities due within one year 3,551,102 114,702 3,665,804 Long-term liabilities due in more than one year:

General, claims & compensated absences 6,892,074 102,568 6,994,642 Net pension liability 24,484,219 1,974,490 26,458,709
Net OPEB liability 1,920,343 246,269 2,166,612
TOTAL LIABILITIES 43,928,809 4,063,201 47,992,010
DEFERRED INFLOWS OF RESOURCES:

Deferred items related to pensions 21,332,483 2,002,338 23,334,821 Deferred items related to OPEB 433,565 54,746 488,311
Deferred items related to leases 2,031,934 1,981,580 4,013,514 TOTAL DEFERRED INFLOWS OF RESOURCES 23,797,982 4,038,664 27,836,646 NET POSITION:

Investment in capital assets 130,411,480 45,296,225 175,707,705 Restricted for:

Housing 921,647 - 921,647
Public safety 180,086 - 180,086
Culture & leisure 7,032,653 - 7,032,653
Construction & maintenance 2,378,229 - 2,378,229
Planning & building 1,413,281 - 1,413,281
Capital projects 18,715,809 - 18,715,809
City transportation 6,319,302 - 6,319,302
Public, Educational and Governmental (PEG) fees 277,977 - 277,977 Hotel Del Coronado master plan 850,075 - 850,075
Library endowment:

Expendable 37,469 - 37,469
Nonexpendable 18,699 - 18,699
Unrestricted 98,843,320 16,198,756 115,042,076
TOTAL NET POSITION $ 267,400,027 $ 61,494,981 $ 328,895,008 Primary Government
See Notes to the Financial Statements
21 Attachment 1
City of Coronado Page 97

CITY OF CORONADO

STATEMENT OF ACTIVITIES
YEAR ENDED JUNE 30, 2022
Expenses Charges for Services
Operating
Contributions and
Grants
Capital Contributions
and Grants
Functions/Programs
Primary Government:

Governmental Activities:

General government $ 10,423,903 $ 2,316,005 $ 63,541 $ - Public safety 23,767,540 242,907 3,361,148 -
Construction and maintenance 11,584,251 570,751 1,171,579 990,735 Culture and leisure 9,036,246 1,317,204 1,233,527 -
Planning and building services 2,745,784 1,699,966 166,437 - Housing 97,330 98,000 - -
Total Governmental Activities 57,655,053 6,244,833 5,996,232 990,735 Business-Type Activities:

Wastewater Utility 6,276,533 9,534,408 - -
Golf Course 3,485,940 4,756,241 - -
Storm Drain 1,301,421 672,044 - -
Total Business-Type Activities 11,063,894 14,962,693 - - Total Primary Government $ 68,718,947 $ 21,207,526 $ 5,996,232 $ 990,735 Total General Revenues and Transfers
Change in Net Position
Net position beginning of the year, restated
Net Position at End of Year
Transfers
Other
Program Revenues
General Revenues:

Taxes:

Property taxes, levied for general purpose
Transient occupancy taxes
Sales taxes
Franchise taxes
Real property transfer taxes
Use of money and property
See Notes to the Financial Statements
22 Attachment 1
City of Coronado Page 98
Governmental Activities
Business-Type
Activities Total
$ (8,044,357) $ - $ (8,044,357)
(20,163,485) - (20,163,485)
(8,851,186) - (8,851,186)
(6,485,515) - (6,485,515)
(879,381) - (879,381)
670 - 670
(44,423,253) - (44,423,253)
- 3,257,875 3,257,875
- 1,270,301 1,270,301
- (629,377) (629,377)
- 3,898,799 3,898,799
(44,423,253) 3,898,799 (40,524,454)
35,783,998 - 35,783,998
19,745,307 - 19,745,307
4,800,531 - 4,800,531
1,102,241 - 1,102,241
536,947 - 536,947
(3,648,551) (366,923) (4,015,474)
304,696 - 304,696
(500,000) 500,000 -
58,125,169 133,077 58,258,246
13,701,916 4,031,876 17,733,792
253,698,111 57,463,105 311,161,216
$ 267,400,027 $ 61,494,981 $ 328,895,008
Net (Expenses) Revenues and Changes in Net Position
Primary Government
23 Attachment 1
City of Coronado Page 99

CITY OF CORONADO

BALANCE SHEET

GOVERNMENTAL FUNDS
JUNE 30, 2022
$ 114,344,813 $ 27,135,004 $ 17,536,813 $ 159,016,630
Restricted 115 trust cash 12,682,084 - - 12,682,084
4,439,021 - 788,285 5,227,306
1,453,917 - 6,267,883 7,721,800
244,376 - 3,940,044 4,184,420
Allowance for uncollectible receivables (362,729) - (9,407,927) (9,770,656) 2,080,886 - - 2,080,886
55,608 - - 55,608
Advances to other funds 5,646,092 5,300,000 - 10,946,092 Due from other funds 194,306 - - 194,306
32,075 - - 32,075
$ 140,810,449 $ 32,435,004 $ 19,125,098 $ 192,370,551
Liabilities, Deferred Inflows and Fund Balances:
$ 4,909,699 $ 73,216 $ 742,917 $ 5,725,832
802,659 - - 802,659
Deposits payable 506,544 - 46,036 552,580
Due to other funds - - 194,306 194,306
6,218,902 73,216 983,259 7,275,377
Deferred Inflows of Resources:

Deferred items related to leases 2,031,934 - - 2,031,934 6,824,963 - 18,699 6,843,662
32,685,472 - 18,123,140 50,808,612
32,116,000 - - 32,116,000
30,227,454 32,361,788 - 62,589,242
30,705,724 - - 30,705,724
132,559,613 32,361,788 18,141,839 183,063,240
$ 140,810,449 $ 32,435,004 $ 19,125,098 $ 192,370,551
Cash and investments
General
Fund
Capital Project
Funds
Other
Governmental
Funds
Total
Governmental
Funds
Assets:

Fund Balances:

Accounts, grants and taxes receivable
Notes receivable
Interest receivable
Loan to Successor Agency
Prepaid items
Leases receivable
Total Assets
Liabilities:

Accounts payable
Unearned revenue
Total Liabilities
Total Liabilities, Deferred Inflows and Fund Balances
Non-spendable
Restricted
Committed
Assigned
Unassigned
Total Fund Balances
See Notes to the Financial Statements.
24 Attachment 1
City of Coronado Page 100

CITY OF CORONADO

RECONCILIATION OF THE BALANCE SHEET OF GOVERNMENTAL FUNDS

TO THE STATEMENT OF NET POSITION
JUNE 30, 2022
Fund balances of governmental funds 183,063,240$
Amounts reported for governmental activities in the statement of net position are different because:

Capital assets net of depreciation have not been included as financial resources in governmental fund activity. 130,411,480
Deferred outflows related to:

Pension 11,561,003
OPEB 978,090 12,539,093
Long-term liabilities, compensated absences, and net pension & OPEB liabilities that have not been included in the governmental fund activity:

Claims liability (7,820,606)
Compensated absences (2,622,570)
Net pension liability (24,484,219)
Net OPEB liability (1,920,343) (36,847,738)
Deferred inflows related to:

Pension (21,332,483)
OPEB (433,565) (21,766,048)
Net position of governmental activities $ 267,400,027
See Notes to the Financial Statements.
25 Attachment 1
City of Coronado Page 101

CITY OF CORONADO

STATEMENT OF REVENUES, EXPENDITURES,

AND CHANGES IN FUND BALANCES

GOVERNMENTAL FUNDS
YEAR ENDED JUNE 30, 2022
General Fund
$ -$ 61,969,024 $ - $ 61,969,024
817,934 - - 817,934
3,571,157 - 1,949,727 5,520,884
4,325,453 - 1,726,330 6,051,783
(3,315,151) 76,020 (397,759) (3,636,890)
220,731 - - 220,731
1,271,128 - 242,595 1,513,723
280,904 - 23,792 304,696
69,141,180 76,020 3,544,685 72,761,885
Current:
10,997,768 - - 10,997,768
25,130,380 - 45,247 25,175,627
11,505,125 - 526,430 12,031,555
7,538,229 - 771,518 8,309,747
3,048,286 - 97,330 3,145,616
588,313 900,017 4,448,886 5,937,216
58,808,101 900,017 5,889,411 65,597,529
10,333,079 (823,997) (2,344,726) 7,164,356
- 3,005,000 - 3,005,000
(3,505,000) - - (3,505,000)
(3,505,000) 3,005,000 - (500,000)
6,828,079 2,181,003 (2,344,726) 6,664,356
Fund balance beginning of the year 125,731,534 30,180,785 20,486,565 176,398,884 $ 132,559,613 $ 32,361,788 $ 18,141,839 $ 183,063,240
Licenses and permits
Capital Project
Funds
Other
Governmental
Funds
Total
Governmental
Funds
Revenues:

Taxes
Culture and leisure
Intergovernmental
Charges for services
Use of money and property
Fines and forfeitures
Reimbursements
Miscellaneous
Total Revenues
Expenditures:

General government
Public safety
Construction and maintenance
Transfers out
Total Other Financing Sources (Uses)
Net Change in Fund Balances
Fund Balances, End of Year
Planning and building services
Capital outlay
Total Expenditures
Excess (Deficiency) of Revenues Over (Under) Expenditures Other Financing Sources (Uses):

Transfers in
See Notes to the Financial Statements.
26 Attachment 1
City of Coronado Page 102

CITY OF CORONADO

RECONCILIATION OF THE STATEMENT OF REVENUES, EXPENDITURES,

AND CHANGES IN FUND BALANCES OF GOVERNMENTAL FUNDS

TO THE STATEMENT OF ACTIVITIES
YEAR ENDED JUNE 30, 2022
Net change in fund balances - total governmental funds $ 6,664,356 Amounts reported for governmental activities in the statement of activities are different because:

Governmental funds report capital outlays as expenditures. However, in the statement of activities, the costs of those assets is allocated over their estimated useful lives as depreciation expense. This is the amount by which capital outlays exceeded depreciation in the current period.

Capital asset acquisitions 5,504,452
Depreciation expense (4,885,693)
Disposal of capital assets (82,454) 536,305
Workers compensation and general claims expense reported in the statement of activities do not require the use of current financial resources and, therefore, are not reported as expenditures in governmental funds. (573,918) Compensated absences expenses reported in the statement of activities do not require the use of current financial resources and, therefore, are not reported as expenditures in governmental funds. 256,637
Pension obligation expenses reported in the statement of activities do not require the use of current financial resources and, therefore, are not reported as expenditures in governmental funds. 6,859,011
OPEB obligation expenses reported in the statement of activities do not require the use of current financial resources and, therefore, are not reported as expenditures in governmental funds. (40,475)
Change in net position of governmental activities $ 13,701,916 See Notes to the Financial Statements
27 Attachment 1
City of Coronado Page 103

THIS PAGE INTENTIONALLY LEFT BLANK
28 Attachment 1
City of Coronado Page 104

CITY OF CORONADO

STATEMENT OF NET POSITION

PROPRIETARY FUNDS
JUNE 30, 2022
Wastewater Utility
Golf
Course
Storm
Drain Totals
Assets:

Current:

Cash and investments $ 23,906,446 $ 4,310,839 $ 795,402 $ 29,012,687 Accounts, grants and taxes receivable 2,496,230 109,411 10,878 2,616,519 Leases receivable - 122,466 - 122,466
Total Current Assets 26,402,676 4,542,716 806,280 31,751,672 Noncurrent:

Leases receivable - 1,931,243 - 1,931,243
Notes receivable - 676,645 - 676,645
Capital assets not being depreciated 4,504,312 - - 4,504,312 Capital assets - net of accumulated depreciation 29,169,688 4,265,065 7,357,160 40,791,913 Total Noncurrent Assets 33,674,000 6,872,953 7,357,160 47,904,113 Total Assets 60,076,676 11,415,669 8,163,440 79,655,785 Deferred Outflows of Resources:

Deferred items related to pensions 249,946 374,180 139,526 763,652 Deferred items related to OPEB 39,696 61,751 22,054 123,501 Total Deferred Outflows of Resources 289,642 435,931 161,580 887,153 Liabilities:

Current:

Accounts payable and accrued liabilities 998,176 403,554 143,565 1,545,295 Unearned revenue 79,877 - - 79,877
Accrued compensated absences 36,993 66,328 11,381 114,702 Total Current Liabilities 1,115,046 469,882 154,946 1,739,874 Noncurrent:

Advances from other funds 9,687,288 - 1,258,804 10,946,092 Accrued compensated absences 35,582 58,723 8,263 102,568 Net pension liability 646,413 1,114,084 213,993 1,974,490 Net OPEB liability 78,524 124,910 42,835 246,269
Total Noncurrent Liabilities 10,447,807 1,297,717 1,523,895 13,269,419 Total Liabilities 11,562,853 1,767,599 1,678,841 15,009,293 Deferred Inflows of Resources:

Deferred items related to pensions 718,990 903,451 379,897 2,002,338 Deferred items related to OPEB 17,597 27,372 9,777 54,746 Deferred items related to leases - 1,981,580 - 1,981,580 Total Deferred Inflows of Resources 736,587 2,912,403 389,674 4,038,664 Net Position:

Investment in capital assets 33,674,000 4,265,065 7,357,160 45,296,225 Unrestricted 14,392,878 2,906,533 (1,100,655) 16,198,756 Total Net Position $ 48,066,878 $ 7,171,598 $ 6,256,505 $ 61,494,981 Business-Type Activities - Enterprise Funds
See Notes to the Financial Statements.
29 Attachment 1
City of Coronado Page 105

CITY OF CORONADO

STATEMENT OF REVENUES, EXPENSES

AND CHANGES IN NET POSITION

PROPRIETARY FUNDS
YEAR ENDED JUNE 30, 2022
Wastewater Utility
Golf
Course
Storm
Drain Totals
Operating Revenues:

Sewer user charges $ 6,188,557 $ - $ - $ 6,188,557
Navy sewer charges 1,145,713 - - 1,145,713
Reimbursements 2,200,138 - - 2,200,138
Green fees - 4,112,291 - 4,112,291
Rents and concessions - 576,189 - 576,189
Storm drain charges - - 672,044 672,044
Miscellaneous - 67,761 - 67,761
Total Operating Revenues 9,534,408 4,756,241 672,044 14,962,693 Operating Expenses:

Operations:

Personnel services 981,771 1,165,393 568,291 2,715,455
Utilities 168,430 1,212,125 24,216 1,404,771
Maintenance and repair 2,636,538 249,221 141,842 3,027,601 Administration 416,478 505,275 10,377 932,130
Contract services 586,919 106,727 239,129 932,775
Depreciation 1,377,642 247,199 272,143 1,896,984
Total Operating Expenses 6,167,778 3,485,940 1,255,998 10,909,716 Operating Income (Loss) 3,366,630 1,270,301 (583,954) 4,052,977 Nonoperating Revenues (Expenses):

Interest revenue (loss) (564,553) 35,154 (17,368) (546,767) Lease revenue - 179,844 - 179,844
Interest expense (108,755) - (45,423) (154,178)
Total Nonoperating Revenues (Expenses) (673,308) 214,998 (62,791) (521,101) Income (Loss) Before Transfers 2,693,322 1,485,299 (646,745) 3,531,876 Transfers in - - 500,000 500,000
Changes in Net Position 2,693,322 1,485,299 (146,745) 4,031,876 Net position beginning of the year, restated 45,373,556 5,686,299 6,403,250 57,463,105 Net Position End of Fiscal Year $ 48,066,878 $ 7,171,598 $ 6,256,505 $ 61,494,981 Business-Type Activities - Enterprise Funds
See Notes to the Financial Statements.
30 Attachment 1
City of Coronado Page 106

CITY OF CORONADO

STATEMENT OF CASH FLOWS

PROPRIETARY FUNDS
YEAR ENDED JUNE 30, 2022
Wastewater
Utility
Golf
Course
Storm
Drain Totals
Cash Flows from Operating Activities:

Cash received from customers and users $ 7,735,110 $ 4,739,391 $ 662,739 $ 13,137,240 Cash received from other operating activities 61,855 - - 61,855 Cash paid to suppliers for goods and services (3,198,562) (1,793,824) (326,099) (5,318,485) Cash paid to employees for services (1,166,816) (1,376,430) (684,292) (3,227,538) Net Cash Provided (Used) by Operating Activities 3,369,732 1,630,992 (347,652) 4,653,072 Cash Flows from Non-Capital Financing Activities:

Proceeds from advances from other funds 5,300,000 - - 5,300,000 Principal paid on advances from other funds (262,346) - (256,052) (518,398) Interest paid on advances from other funds (108,755) - (45,423) (154,178) Transfer in from other funds - - 500,000 500,000
Net Cash Provided (Used) by Non-Capital Financing Activities 4,928,899 - 198,525 5,127,424 Cash Flows from Capital and Related Financing Activities:

Acquisition and construction of capital assets (4,500,939) (211,192) (527,633) (5,239,764) Disposal of capital assets 71,849 8,853 47,173 127,875
Proceeds from lease revenues 107,715 - - 107,715
Net Cash Provided (Used) by Capital and Related Financing Activities (4,429,090) (94,624) (480,460) (5,004,174) Cash Flows from Investing Activities:

Interest received (564,553) 35,154 (17,368) (546,767)
Net Cash Provided (Used) by Investing Activities (564,553) 35,154 (17,368) (546,767) Net Increase (Decrease) in Cash and Cash Equivalents 3,304,988 1,571,522 (646,955) 4,229,555 Cash and Cash Equivalents at Beginning of Year 20,601,458 2,739,317 1,442,357 24,783,132 Cash and Cash Equivalents at End of Year $ 23,906,446 $ 4,310,839 $ 795,402 $ 29,012,687 Reconciliation of Operating Income to Net Cash Provided (Used) by Operating Activities:

Operating income (loss) $ 3,366,630 $ 1,270,301 $ (583,954) $ 4,052,977 Adjustments to reconcile operating income (loss) net cash provided (used) by operating activities:

Depreciation expense 1,377,642 247,199 272,143 1,896,984 (Increase) decrease in accounts receivable (1,879,175) (16,850) (9,305) (1,905,330) (Increase) decrease in notes receivable 61,855 - - 61,855 (Increase) decrease in deferred outflows from pensions 40,921 53,680 20,064 114,665 (Increase) decrease in deferred outflows from OPEB (14,796) (23,019) (8,222) (46,037) Increase (decrease) in accrued liabilities 609,803 279,524 89,465 978,792 Increase (decrease) in unearned revenues 79,877 - - 79,877 Increase (decrease) in compensated absences 152 7,254 (9,873) (2,467) Increase (decrease) in deferred inflows from pensions 488,685 577,617 279,963 1,346,265 Increase (decrease) in deferred inflows from OPEB 12,389 19,269 6,883 38,541 Increase (decrease) in net pension liability (716,449) (852,142) 173,410 (1,395,181) Increase (decrease) in net OPEB liability 4,053 (578,226) 6,304 (567,869) Total Adjustments 3,102 360,691 236,302 600,095
Net Cash Provided (Used) by Operating Activities $ 3,369,732 $ 1,630,992 $ (347,652) $ 4,653,072 Business-Type Activities - Enterprise Funds
See Notes to the Financial Statements.
31 Attachment 1
City of Coronado Page 107

THIS PAGE INTENTIONALLY LEFT BLANK
32 Attachment 1
City of Coronado Page 108

CITY OF CORONADO

STATEMENT OF FIDUCIARY NET POSITION

FIDUCIARY FUNDS
JUNE 30, 2022
Private Purpose Trust
Fund
Successor Agency of
the Former
Community
Development Agency
Assets:

Cash and investments $ 26,749,103
Interest receivable 28,855
Land 17,406,064
Total Assets 44,184,022
Liabilities:

Interest payable 1,528,398
Long-term liabilities:

Due in one year 6,862,825
Due in more than one year 96,497,357
Total Liabilities 104,888,580
Deferred Inflows of Resources:

Deferred charges on refunding 872,616
Total Deferred Inflows of Resources 872,616
Net Position:

Held in trust for other purposes (61,577,174)
Total Net Position (Deficit) $ (61,577,174)
See Notes to the Financial Statements.
33 Attachment 1
City of Coronado Page 109

CITY OF CORONADO

STATEMENT OF CHANGES IN FIDUCIARY NET POSITION

FIDUCIARY FUNDS
YEAR ENDED JUNE 30, 2022
Private Purpose
Trust Fund
Successor Agency
of the Former
Community
Development
Agency
Additions:

Taxes $ 19,473,048
Interest revenue 55,677
Total Additions 19,528,725
Deductions:

Contractual services 445,733
Interest expense 3,611,865
Changes in fair value of investment 344,841
Total Deductions 4,402,439
Changes in Net Position 15,126,286
Net position (deficit) beginning of the year (76,703,460) Net Position (Deficit) - End of the Year $ (61,577,174) See Notes to the Financial Statements.
34 Attachment 1
City of Coronado Page 110

CITY OF CORONADO

NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED JUNE 30, 2022
Note 1: REPORTING ENTITY AND SIGNIFICANT ACCOUNTING POLICIES:
a. Reporting Entity:

The reporting entity, “City of Coronado” includes the accounts of the City, the Coronado Improvement Corporation (CIC), and the Coronado Financing Authority (CFA).

The City of Coronado was incorporated on December 12, 1890, as a general law city and operates under a council/manager form of government.

The Coronado Improvement Corporation was organized on November 27, 1981, under the Non-Profit Public Benefit Corporation Law, State of California, for the purpose of providing financial assistance to the City of Coronado by acquiring, constructing, improving, and developing certain facilities for the collection, treatment and disposal of sewage, waste and wastewater within and outside the City. Separate financial statements for the CIC are not issued.

The Coronado Financing Authority is a joint powers authority, organized pursuant to a Joint Exercise of Powers Agreement, dated as of January 1, 1990 (the “Joint Powers Agreement”) by and between its members, and the Coronado Unified School District (District), and amended on September 1, 1992, to include the City as a member. The Joint Powers Agreement was entered into pursuant to the provisions of the California Government Code.

The CFA is a separate entity constituting a public instrumentality of the State of California and was formed for the public purpose of assisting in financing and refinancing public capital improvements for a member through the purchase by the CFA of a member agency’s bonds pursuant to bond purchase agreements, and/or the loan of funds to a member. The board of directors is composed of two members from City Council, and one member from the District board. Separate financial statements for CFA are not issued and, therefore, each member includes in its financial statements the accounts and transactions pertaining to its debt issuances through the CFA.

The criteria used in determining the scope of the reporting entity are based on the provisions of GASB Statement No. 61 “The Financial Reporting Entity: Omnibus-an amendment of GASB Statements No. 14 and No. 34”. The City of Coronado is the primary governmental unit. Component units are those entities that are financially accountable to the primary governmental unit either because the City appoints a voting majority of the component unit Board, or because the component unit provides financial benefit or imposes a financial burden on the City. The City has accounted for CIC and CFA as “blended” component units. Despite being legally separate, these units are so intertwined with the City that they are in substance, part of the City’s operations. Accordingly, the balances and transactions of the CIC and the CFA are included in the Special Revenue, Capital Project, and Enterprise Funds.
35 Attachment 1
City of Coronado Page 111

CITY OF CORONADO
NOTES TO THE FINANCIAL STATEMENTS (Continued)
Note 1: REPORTING ENTITY AND SIGNIFICANT ACCOUNTING POLICIES (Continued):

The following specific criteria were used in determining that the CIC and the CFA were blended component units:
1) The members of the City Council appoint the members of the governing body of CIC.

City employees manage CIC and provide all support functions for CIC including financial reporting and investment decisions.
2) Two of the three board members of CFA are members of the City Council. The sole function of the CFA is to issue bonds on behalf of its members. The CFA is managed by employees of the City.
b. Financial Statement Presentation, Measurement Focus, and Basis of Accounting:

The basic financial statements of the City are composed of the following:
 Government-wide financial statements
 Governmental fund financial statements
 Proprietary fund financial statements
 Fiduciary fund financial statements
 Notes to the financial statements
Government-Wide 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 activities of the City. For the most part, the effect of inter-fund 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. The government-wide financial statements do not include fiduciary funds activities.

The Statement of Activities demonstrates the degree to which the direct expenses of a given function are offset by program revenues. Direct expenses are those that are clearly identifiable with a specific function. Program revenues include 1) charges to customers who purchase, use, or directly benefit from goods, services, or privileges provided by a given function and 2) grants and contributions that are restricted to meeting the operational or capital requirements of a particular function. Taxes and other items not properly included among program revenues are reported as general revenues. 36 Attachment 1
City of Coronado Page 112

CITY OF CORONADO
NOTES TO THE FINANCIAL STATEMENTS (Continued)
Note 1: REPORTING ENTITY AND SIGNIFICANT ACCOUNTING POLICIES (Continued):

Governmental Fund Financial Statements:

The accounting system of the City is organized and operated on the basis of separate funds, each of which is considered a separate accounting entity. Each fund is accounted for by providing a separate set of self-balancing accounts that constitute its assets, liabilities, fund equity, revenues, and expenditures. 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.

Governmental fund financial statements for the City’s governmental funds are presented after the government-wide financial statements. These statements include a Balance Sheet and a Statement of Revenues, Expenditures, and Changes in Fund Balances for all major funds individually and non-major funds in aggregate.

Proprietary Fund Financial Statements:

Proprietary fund financial statements include a Statement of Net Position, a Statement of Revenues, Expenses and Changes in Net Position, and a Statement of Cash Flows for each major proprietary fund and non-major funds aggregated. However, the City of Coronado does not have non-major proprietary funds.

Fiduciary Fund Financial Statements:

Fiduciary fund financial statements include a Statement of Fiduciary Net Position and a Statement of Changes in Fiduciary Net Position. The City’s fiduciary funds represent private-purpose trust funds and are accounted for on the economic resources measurement focus and the accrual basis of accounting.

The following are the types of funds used by the City:

GOVERNMENTAL FUNDS:

General Fund:

The General Fund is used to account for all revenues and activities financed by the City that are not required to be accounted for in another fund.

Special Revenue Funds:

Special revenue funds are used to account for the proceeds of specific revenue sources that are legally restricted to expenditure for specified purposes. 37 Attachment 1
City of Coronado Page 113

CITY OF CORONADO
NOTES TO THE FINANCIAL STATEMENTS (Continued)
Note 1: REPORTING ENTITY AND SIGNIFICANT ACCOUNTING POLICIES (Continued):

Capital Projects Funds:

Capital projects funds are used to account for financial resources to be used for the acquisition or construction of major property equipment or facilities (other than those financed by the proprietary funds).

Permanent Funds:

Permanent funds are used to report resources that are legally restricted to the extent that only earnings, and not principal, may be used for purposes that support the City’s programs, that is, for the benefit of the City or its citizenry. All of the City’s permanent funds are to be used to support the City’s Library.

PROPRIETARY FUNDS:

Enterprise Funds:

Enterprise funds are used to account for operations that are (a) financed and operated in a manner similar to private business enterprises – where the intent of the governing body is that the costs (expenses, including depreciation) of providing goods or services to the general public on a continuing basis be financed or recovered primarily through user charges; or (b) where the governing body has decided that periodic determination of revenues earned, expenses incurred, and/or net income is appropriate for capital maintenance, public policy, management control, accountability, or other purposes.

FIDUCIARY FUNDS:

Private-Purpose Trust Fund:

Private-Purpose Trust Fund accounts for the assets and liabilities of the former Community Development Agency (CDA) and are allocated revenue to pay estimated installment payments of enforceable obligations until obligations of the former redevelopment agency are paid in full and assets have been liquidated.

The City’s major governmental funds are as follows:

The General Fund is used to account for and report all financial resources of the City except those required to be accounted for in another fund.

The Capital Projects Fund accounts for the construction and purchase of major City infrastructure, capital assets, and facilities replacement. 38 Attachment 1
City of Coronado Page 114

CITY OF CORONADO
NOTES TO THE FINANCIAL STATEMENTS (Continued)
Note 1: REPORTING ENTITY AND SIGNIFICANT ACCOUNTING POLICIES (Continued):

The City’s major proprietary funds are as follows:

The Wastewater Utility Enterprise Fund accounts for the provision of sewer service to the residents and military installations of the City. All activities necessary to provide such services are accounted for in this fund including, but not limited to, administration, operation, maintenance, construction, financing, and related debt service.

The Golf Course Enterprise Fund accounts for the provision of an 18-hole golf course facility to the general public. All activities necessary to provide such services are accounted for in this fund including, but not limited to, administration, operation, maintenance, and construction.

The Storm Drain Enterprise Fund accounts for the provision of storm drain service to the residents of the City. All activities necessary to provide such services are accounted for in this fund including, but not limited to, administration, operation, maintenance, construction, financing, and related debt service.

Measurement Focus:

Measurement focus is a term used to describe which transactions are recorded within the various financial statements. Basis of accounting refers to when transactions are recorded regardless of the measurement focus applied. In the government-wide Statement of Net Position and the Statement of Activities, activities are presented using the economic resources measurement focus. Under the economic resources measurement focus, all (both current and long-term) economic resources and obligations of the City are reported.

In the fund financial statements, all governmental funds are accounted for on a spending or “financial flow” measurement focus, meaning that only current assets and current liabilities are included on their balance sheets. Their reported fund balances (net current assets) are considered 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 net current assets. 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 are reported on the governmental fund balance sheets in spite of their measurement focus. However, special reporting treatments are used to indicate that they should not be considered “available spendable resources” since they do not represent net current assets. Recognition of governmental fund type revenue represented by non-current receivables are unavailable until they become current receivables. Noncurrent portions of other long-term receivables are offset by fund balance reserve amounts. Revenues, expenses, gains, losses, assets, and liabilities resulting from non-exchange transaction are recognized in accordance with the requirements of GASB Statement No. 33 “Accounting and Financial Reporting for Non-exchange Transactions”. 39 Attachment 1
City of Coronado Page 115

CITY OF CORONADO
NOTES TO THE FINANCIAL STATEMENTS (Continued)
Note 1: REPORTING ENTITY AND SIGNIFICANT ACCOUNTING POLICIES (Continued):

Because of their spending measurement focus, expenditure recognition for governmental fund types excludes amounts represented by non-current liabilities. Since they do not affect net current assets, such long-term amounts are not recognized as governmental fund type expenditures or fund liabilities.

Amounts expended to acquire capital assets are recorded as expenditures in the year that resources were expended, rather than as a fund asset. The proceeds of long-term debt are recorded as other financing sources rather than as a fund liability. Amounts paid to reduce long-term indebtedness are reported as fund expenditures.

Proprietary funds are accounted for using the economic resources measurement focus.

Accordingly, all assets and liabilities (whether current or non-current) are included on the Statement of Net Position. The Statement of Revenues, Expenses and Changes in Fund Net Position present increases (revenues) and decreases (expenses) in total Net Position.

Operating revenues in the proprietary funds are those revenues that are generated from the primary operations of the fund. All other revenues are reported as non-operating revenues.

Operating expenses are those expenses that are essential to the primary operations of the fund. All other expenses are reported as non-operating expenses.

When both restricted and unrestricted resources are combined in a fund, expenses are considered to be paid first from restricted resources, and then from unrestricted resources.

Basis of Accounting:

In the government-wide Statement of Net Position and Statement of Activities, the governmental activities and business type activities are presented using the accrual basis of accounting. Under the accrual basis of accounting, revenues are recognized when earned and expenses are recorded when the liability is incurred or economic asset used, regardless of the timing of related cash flows. Revenues, expenses, gains, losses, assets, and liabilities resulting from exchange and exchange-like transactions are recognized when the exchange takes place.

In the governmental fund financial statements, governmental funds are presented using the modified-accrual basis of accounting. Revenues are recognized when they become measurable and available as net current assets. Measurable means that the amounts can be estimated, or otherwise determined. Available means that the amounts were collected during the reporting period or soon enough thereafter to be available to finance the expenditures accrued for the reporting period. Accrued revenues include property taxes, taxpayer assessed taxes such as sales tax and transient occupancy taxes, and earnings on investments expected to be received within 60 days after year-end. Grant funds earned but not received are recorded as a receivable, and revenue is recognized because funds are expected to be received in accordance with grant contracts. 40 Attachment 1
City of Coronado Page 116

CITY OF CORONADO
NOTES TO THE FINANCIAL STATEMENTS (Continued)
Note 1: REPORTING ENTITY AND SIGNIFICANT ACCOUNTING POLICIES (Continued):

Grant funds received before the revenue recognition criteria have been met are reported as unearned revenues. Expenditures are recorded when the fund liability is incurred, if measurable, except for future interest on general long-term debt, which is recognized when due.

Proprietary, other post-employment benefit trust, and private-purpose trust fund types are accounted for on the accrual basis of accounting. Revenues in these funds are recognized when earned and expenses are recognized when the liability has been incurred. Unbilled wastewater fees are accrued at year-end.
c. 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. For financial statement presentation purposes, cash and cash equivalents are shown as unrestricted cash and investments in the proprietary funds.

Investments are stated at fair value (quoted market price or best available estimate thereof).

A substantial portion of the City’s investments are in short-term, highly liquid instruments, with original maturities of three months or less. For purposes of the Statement of Cash Flows, all cash and investments held by the enterprise funds (including restricted cash and investments) are considered to be short-term and, accordingly, are classified as cash and cash equivalents. In addition, the City did not participate in non-cash investing, capital or financing activities for the year ended June 30, 2022, which would require disclosure on the statement of cash flows.
d. Prepaid Items:

Certain payments to vendors reflect costs applicable to future accounting periods and are recorded as prepaid items in both the government-wide and fund financial statements. The cost of prepaid items is recorded as expenditures/expenses when consumed rather than when purchased.
41 Attachment 1
City of Coronado Page 117

CITY OF CORONADO
NOTES TO THE FINANCIAL STATEMENTS (Continued)
Note 1: REPORTING ENTITY AND SIGNIFICANT ACCOUNTING POLICIES (Continued):
e. Capital Assets:

The City’s capital assets, including infrastructure (e.g. roads, bridges, traffic signals, and similar items) are capitalized at historical costs or estimated historical costs. The City policy has set the capitalization threshold for reporting capital assets as follows:

Art and collections $25,000
Buildings and improvements 50,000
Equipment, except vehicles with vehicle identification numbers 10,000 Vehicles with vehicle identification numbers 10,000
Infrastructure 50,000
Gifts or contributions of capital assets are recorded at acquisition value when received.

Depreciation is recorded on a straight-line basis over the useful lives of the assets as follows:

Buildings 50 years
Improvements other than buildings 30-50 years
Vehicles and equipment 5-50 years
Infrastructure 30-60 years
The cost of normal maintenance and repairs that do not add to the value of the assets or materially extend asset lives are not capitalized. Construction in progress costs are capitalized and transferred to their respective capital asset category upon completion of the project.
f. Deferred Outflow/Inflow of Resources:

In addition to assets, the statements of net position and governmental funds balance sheet will sometimes report a separate section for deferred outflows of resources. This separate financial statement element, deferred outflows of resources, represents a consumption of net position that applies to a future period(s) and will not be recognized as an outflow of resources (expense/ expenditure) until then. The City has items that qualify for reporting in this category. Deferred outflows relate to the net pension and OPEB liability reported in the government-wide and proprietary statement of net position. These outflows are the result of the net difference between projected and actual earnings on pension plan investments, difference between expected and actual experience, contributions made after the measurement period, which are expensed in the following year, and of adjustments due to difference in proportions and the difference between actual contributions made and the proportionate share of contributions to the risk pool.
42 Attachment 1
City of Coronado Page 118

CITY OF CORONADO
NOTES TO THE FINANCIAL STATEMENTS (Continued)
Note 1: REPORTING ENTITY AND SIGNIFICANT ACCOUNTING POLICIES (Continued):

In addition to liabilities, the statements of net position, the governmental funds balance sheet, and statement of fiduciary net position will sometimes report a separate section for deferred inflows of resources. This separate financial statement element, deferred inflows of resources, represents an acquisition of net position that applies to a future period(s) that will not be recognized as an inflow of resources (revenue) until that time. The deferred inflows relating to the net pension and OPEB liability reported in the government-wide and proprietary statement of net position. These inflows are the result of the changes in assumptions, difference between expected and actual experiences, difference between actual contributions made and the proportionate share of contributions to the risk pool, and adjustments due to differences in proportions. The third relates to deferred charges on refunding tax allocation bonds reported in the statement of fiduciary net position. The fourth relates to deferred revenues associated with lease receivables that the City is a party to.
g. Claims and Judgments:

When it is probable that a claim liability has been incurred at year-end, and the amount of the loss can be reasonably estimated, the City records the estimated loss, net of any insurance coverage under its self-insurance program in the government-wide statements.

For FY 2021-22, the City contracted with an independent actuary to determine the estimated long-term and short-term self-insured workers’ compensation program. Claims and judgment liabilities are expected to be liquidated by the General Fund in future periods. h. Pension:

For purposes of measuring the net pension liability and deferred outflows/inflows or resources relating to pensions and pension expense, information about the fiduciary net position of the City’s pension plan with CalPERS and additions to/deductions from the plan’s fiduciary net position have been determined on the same basis as they are reported by CalPERS. For this purpose, benefit payments (including refunds of employee contributions) are recognized when due and payable in accordance with the benefits terms.

Investments are reported at fair value.

GASB 68 requires that the reported results must pertain to liability and asset information within certain defined timeframes. For this report, the following timeframes are used.

Valuation Date (VD) June 30, 2020
Measurement Date (MD) June 30, 2021
Measurement Period (MP) July 1, 2020 to June 30, 2021
43 Attachment 1
City of Coronado Page 119

CITY OF CORONADO
NOTES TO THE FINANCIAL STATEMENTS (Continued)
Note 1: REPORTING ENTITY AND SIGNIFICANT ACCOUNTING POLICIES (Continued):

The obligations for the net pension liability are primarily liquidated from the General Fund.

There is no fixed payment schedule for this liability.
i. Other Post-employment Benefits (OPEB)
For purposes of measuring the net OPEB liability, deferred outflows of resources and deferred inflows of resources related to OPEB, and OPEB expense, information about the fiduciary net position of the City’s OPEB plan and additions to/deductions from the OPEB plan’s fiduciary net position have been determined on the same basis. For this purpose, benefit payments are recognized when currently due and payable in accordance with the benefit terms. Investments are reported at fair value.

Generally accepted accounting principles require that the reported results must pertain to liability and asset information within a certain defined timeframe. For this report, the following timeframes are used:

Valuation Date June 30, 2021
Measurement Date June 30, 2021
Measurement Period July 1, 2020 to June 30, 2021
The obligations for the OPEB liability are primarily liquidated from the General Fund.

There is no fixed payment schedule for this liability.
j. Fair Value Measurements:

Certain assets and liabilities are required to be reported at fair value. The fair value framework provides a hierarchy that prioritizes the inputs to valuation techniques used to measure fair value. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements). The hierarchy level of an asset or liability is based on the lowest level of input that is significant to the fair value measurement. Valuation techniques used need to maximize the use of observable inputs and minimize the use of unobservable inputs. The three levels of fair value hierarchy are described as follows:

Level 1 – Inputs to the valuation methodology are unadjusted quoted prices for identical assets or liabilities in active markets.
44 Attachment 1
City of Coronado Page 120

CITY OF CORONADO
NOTES TO THE FINANCIAL STATEMENTS (Continued)
Note 1: REPORTING ENTITY AND SIGNIFICANT ACCOUNTING POLICIES (Continued):

Level 2 – Inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly, and fair value is determined through the use of models or other valuation methodologies including:
 Quoted prices for similar assets or liabilities in active markets;  Quoted prices for identical or similar assets or liabilities in markets that are inactive;  Inputs other than quoted prices that are observable for the asset or liability; and  Inputs that are derived principally from or corroborated by observable market data by correlation or other means.

Level 3 – Inputs to the valuation methodology are unobservable and significant to the fair value measurement. These unobservable inputs reflect the City’s own assumptions about the inputs market participants would use in pricing the asset or liability (including assumptions about risk). These unobservable inputs are developed based on the best information available in the circumstance.

The determination of what constitutes observable requires judgment by the City’s management. City management considers observable data to be that market data, which is readily available, regularly distributed or updated, reliable, and verifiable, not proprietary, and provided by multiple independent sources that are actively involved in the relevant market. The categorization of an investment or liability within the hierarchy is based upon the relative observability of the inputs to its fair value measurement and does not necessarily correspond to City management’s perceived risk of that investment or liability. k. Fund Balance Flow Assumption:

Sometimes the City will fund outlays for a particular purpose from both restricted and unrestricted resources (the total of committed, assigned, and unassigned fund balance). In order to calculate the amounts to report as restricted, committed, assigned, and unassigned fund balance in the governmental 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 policy to consider restricted fund balance to have been depleted before using any of the components of unrestricted fund balance. Further, when the components of unrestricted fund balance can be used for the same purpose, committed fund balance is depleted first, followed by assigned fund balance. Unassigned fund balance is applied last. 45 Attachment 1
City of Coronado Page 121

CITY OF CORONADO
NOTES TO THE FINANCIAL STATEMENTS (Continued)
Note 1: REPORTING ENTITY AND SIGNIFICANT ACCOUNTING POLICIES (Continued):
l. Net Position Flow Assumption:

Sometimes the government 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 government’s policy to consider restricted – net position to have been depleted before unrestricted – net position is applied.
m. Fund Balance Policies:

In the fund financial statements, governmental funds report the following fund balance classification:
 Non-spendable - 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 either (a) external creditors, grantors, contributors, or laws of regulations of other governments or (b) by law through constitutional provisions or enabling legislation.  Committed - includes amounts that can only be used for specific purposes pursuant to constraints imposed by formal action of the City’s highest authority, the City Council. The formal action that is required to be taken to establish, modify, or rescind a fund balance commitment is a resolution.
 Assigned - includes amounts that are constrained by the City’s intent to be used for specific purposes but are neither restricted nor committed. The City Manager is authorized to assign amounts to a specific purpose, which was established by the governing body through Resolution Number 8556.
 Unassigned - includes the residual amounts that have not been restricted, committed, or assigned to specific purposes.

An individual governmental fund could include non-spendable resources and amounts that are restricted, committed, or assigned or any combination of these classifications. The General Fund is the only fund that reports positive unassigned fund balance amount. 46 Attachment 1
City of Coronado Page 122

CITY OF CORONADO
NOTES TO THE FINANCIAL STATEMENTS (Continued)
Note 1: REPORTING ENTITY AND SIGNIFICANT ACCOUNTING POLICIES (Continued):
n. Committed Fund Balance:
 Emergency Response and Economic Stabilization – The City committed a reserve equal to six months of General Fund expenditures and transfers to provide emergency response and/or economic stabilization. The collected amount of committed funds for emergency response and economic stabilization may be utilized in the event of a locally proclaimed emergency, which shall mean the actual or threatened existence of conditions of disaster or of extreme peril to the safety of persons and property within this City caused by such conditions as air pollution, fire, flood, storm, epidemic, riot, or earthquake, or other conditions, including conditions resulting from war or imminent threat of war, but other than conditions resulting from a labor controversy, which conditions are or are likely to be beyond the control of the services, personnel, equipment, and facilities of this City, requiring the combined forces of other political subdivisions to combat. In addition, these funds may be utilized if there is a finding made of an unforeseen loss of at least 5% of budgeted transient occupancy or current property tax revenue or an unanticipated expenditure(s) of at least 5% of budgeted expenditures. At June 30, 2022, the amount of the commitment for emergency response and economic stabilization totals $27,616,000.
 Future Capital Project – For FY 2021-22, the city committed $4,000,000 for future capital improvement projects. The committed fund balance for capital improvements projects may only be reduced or increased by City Council action taken as part of the adoption or adjustment of the City’s annual budget.
 Historic Preservation – For FY 2021-22, the City committed $500,000 for future property tax reductions which have resulted from Mills Act agreements. The committed fund balance for historic preservation may be reduced or increased by City Council action taken as part of the adoption or adjustment of the City’s annual budget or reduced without further City Council action for the following reasons:
1) In the event of a proclaimed local emergency.
2) If there is an unforeseen loss of 5% or more in total General Fund actual revenues in comparison with the budgeted revenues for any subsequent year to FY 2021-22. 3) If the actual amount of Current Property Tax Revenues, in any subsequent year to FY 2021-22, is less than the highest amount of Current Property Tax Revenues over the previous ten-year period.
47 Attachment 1
City of Coronado Page 123

CITY OF CORONADO
NOTES TO THE FINANCIAL STATEMENTS (Continued)
Note 1: REPORTING ENTITY AND SIGNIFICANT ACCOUNTING POLICIES (Continued):
o. In the government-wide financial statements, Net Position is classified in three components – investment in capital assets; restricted; and unrestricted. These classifications are defined as follows:
 Investment in Capital Assets – this component of Net Position consists of capital assets, including restricted capital assets, net of accumulated depreciation and reduced by the outstanding balances of any bonds, mortgages, notes, or other borrowings that are attributable to the acquisition, construction, or improvement of those assets. If there are significant unspent related debt proceeds at year-end, the portion of the debt attributable to the unspent proceeds is not included in the calculation of investment in capital assets. Rather, that portion of the debt is included in the same Net Position component as the unspent proceeds.
 Restricted – This component of Net Position consists of constraints placed on net position use through external constraints imposed by creditors (such as through debt covenants), grantors, contributors, or laws or regulations of other governments or constraints imposed by law through constitutional provisions or enabling legislation.  Unrestricted Net Position – This component of Net Position consists of amounts that do not meet the definition of “restricted” or “investment in capital assets.” p. Property Taxes:

Under California law, property taxes are assessed and collected by the counties up to 1% of assessed value, plus other increases approved by the voters. The property taxes go into a pool and are then allocated to the cities based on complex formulas.

Accordingly, the City of Coronado accrues only those taxes, which are received within 60 days after year-end.

Lien Date January 1
Levy Date June 30
Due Date November 1 and February 1
Collection Date December 10 and April 10
48 Attachment 1
City of Coronado Page 124

CITY OF CORONADO
NOTES TO THE FINANCIAL STATEMENTS (Continued)
Note 1: REPORTING ENTITY AND SIGNIFICANT ACCOUNTING POLICIES (Continued):
q. Program Revenues:

Amounts reported as program revenues include 1) charges to customers or applicants who purchase, use, or directly benefit from goods, services, or privileges provided by a given function or segment and 2) grants and contributions (including special assessments) that are restricted to meeting the operational or capital requirements of a particular function or segment. All taxes, including those dedicated for specific purposes, and other internally dedicated resources are reported as general revenues rather than as program revenues. r. Use of Estimates:

The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets, liabilities and deferred inflows/outflows of resources and disclosure of contingent assets and liabilities 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.
s. Advances to Other Funds:

Long-term inter-fund advances are recorded as a receivable and as non-spendable in fund balance by the advancing governmental fund type.
t. Proprietary Funds Operating and Non-operating Revenues and Expenses:

Proprietary funds distinguish operating revenues and expenses from non-operating items.

Operating revenues and expenses 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 Wastewater Fund, Golf Course Fund, and Storm Drain Fund are charges to customers for sales and services. The wastewater fund also recognizes as operating revenue the portion of fees intended to recover the cost of connecting new customers to the sewer system. Operating expenses for enterprise funds include the cost of sales and services, administrative expenses, and depreciation on capital assets. All revenues and expenses not meeting this definition are reported as non-operating revenues and expenses.
49 Attachment 1
City of Coronado Page 125

CITY OF CORONADO
NOTES TO THE FINANCIAL STATEMENTS (Continued)
Note 1: REPORTING ENTITY AND SIGNIFICANT ACCOUNTING POLICIES (Continued):
u. Leases
For the year ended June 30, 2022, the financial statements include the adoption of GASB Statement No. 87, Leases. The primary objective of this statement is to enhance the relevance and consistency of information about governments’ leasing activities. This statement establishes a single model for lease accounting based on the principle that leases are financings of the right to use an underlying asset. Under this statement, a lessee is required to recognize a lease liability and an intangible right-to-use asset, and a lessor is required to recognize a lease receivable and a deferred inflow of resources. For additional information, refer to the disclosures in Footnote 5.

Key estimates and judgments include how the City determines the discount rate it uses to discount the expected lease receipts to present value, lease term, and lease receipts.

The City used the estimated incremental borrowing rate as the discount rate for leases. The lease term includes the non-cancellable period of the lease. Lease receipts include the measurement of the lease receivable and are composed of fixed payments from the lease.

The City monitors changes in circumstances that would require a remeasurement of its leases and will remeasure the lease receivable and deferred inflows of resources if certain changes occur that are expected to significantly affect the amount of the lease receivable.

Note 2: CASH AND INVESTMENTS
Cash and investments at June 30, 2022, are reported in the accompanying basic financial statements as follows:

Cash and investments at June 30, 2022, consisted of the following:

Governmental
Activities
Business-Type
Activities
Fiduciary
Funds Total Fair Value
Cash and investments $ $ 29,012,687 $ 26,749,103 $ 214,778,420 159,016,630 Restricted cash and investments 12,682,084 - - 12,682,084 Total Cash and Investments $ 171,698,714 $ 29,012,687 $ 26,749,103 $ 227,460,504 $ 6,430,966
7,400
221,022,138
$ 227,460,504
Demand accounts
Petty Cash
Investments
Total Cash and Investments
50 Attachment 1
City of Coronado Page 126

CITY OF CORONADO
NOTES TO THE FINANCIAL STATEMENTS (Continued)
Note 2: CASH AND INVESTMENTS (Continued):

Deposits:

At June 30, 2022, the carrying amount of the City’s demand deposits was $6,430,966 and the bank balances were $6,548,772. The $117,806 difference represents outstanding checks, deposits in transit, and other reconciling items.

Investment Authorized by the California Government Code and the City’s Investment Policy:

The table on the next page 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 or investments held by CalPERS.

Maximum
Amount or Maximum
Maximum Percentage Investment
Authorized Investment Type Maturity Allowed in One Issuer U.S. TreasuryBills, Bonds, and Notes 5 years None None
U.S. Government Agency Obligations 5 years None None
State of California Registered,Notes 5 years None None
Warrants, or Bonds
Registered Notes or Bonds of
Other Municipalities None None None
Negotiable Certificates of Deposit 5 years 30% N/A
Time Deposits 5 years N/A N/A
Medium-Term Notes 5 years 30% 5%
Commercial Paper 270 days 15% 10%
Bankers Acceptances 180 days 40% 30%
Repurchase Agreements 30 days 30% None
Local Agency Investment Funds (LAIF) N/A None None
County of San Diego Investment Pool N/A None None
Joint Powers Authority Shares
of Beneficial Interest N/A None None
Money Market Funds
N/A=Not Applicable
N/A 20% 10%
51 Attachment 1
City of Coronado Page 127

CITY OF CORONADO
NOTES TO THE FINANCIAL STATEMENTS (Continued)
Note 2: CASH AND INVESTMENTS (Continued):

Investment Authorized by Debt Agreements:

Investment of debt proceeds held by bond trustee is governed by provisions of the debt agreements, rather than the general provisions of the California Government Code or the City’s investment policy. Investments authorized for funds held by bond trustee include U.S.

Treasury Obligations, Federal Agency Securities, Certificates of Deposits, Commercial Paper, Local Agency Bonds, Bankers’ Acceptance, Money Market Mutual Funds, Investment Contracts and Repurchase Agreements. There were no limitations on the maximum amount that can be invested in one issuer, maximum percentage allowed or the maximum maturity of an investment.

Disclosures Relating to Interest Rate Risk:

Interest rate risk is the risk that changes in market interest rates will adversely affect the fair value of an investment. 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 matures or comes close to maturity evenly over time as necessary to provide the cash flow and liquidity needed for operations.

Information about the sensitivity of the fair values of the City’s investments (including investments held by bond trustee) to market interest rate fluctuations is provided by the following table that shows the distribution of the City’s investments by maturity:

Disclosure Relating to Credit Risk:

Credit risk is the risk that the issuer of an investment will not fulfill its obligation to the maturing of the investment. This risk 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 as of year-end for each investment type:

Investment Type
12 Months
or Less
1 to 6
Years
3 to 5
Years Total
Local Agency Investment Funds $ 99,840,224 $ - $ 99,840,224 - $ Money Market Mutual Funds 15,903,112 - - 15,903,112
Certificates of Deposit 250,000 - - 250,000
Mutual Funds 12,682,084 - - 12,682,084
San Diego Investment Pool 92,346,718 - - 92,346,718
Total $ 221,022,138 $ - $ 221,022,138 - $
Remaining Maturity
52 Attachment 1
City of Coronado Page 128

CITY OF CORONADO
NOTES TO THE FINANCIAL STATEMENTS (Continued)
Note 2: CASH AND INVESTMENTS (Continued):

Concentration of Credit Risk:

The investment policy of the City contains no limitations on the amount that can be invested in any one issuer beyond that stipulated by the California Government Code. No investments in any one issuer that represent 5% or more of the total City’s investments.

Custodial Credit Risk:

Custodial credit risk for deposits is the risk, that in the event of the failure of a depository financial institution, a government will not be able to recover its deposits or will not be able to recover collateral securities that are in the possession of an outside party. The custodial credit risk for investments is the risk that, in the event of the failure of the counterparty (e.g., brokerdealer) to a transaction, a government will not be able to recover the value of its investment or collateral securities that are in the possession of another party. The California Government Code and the City’s investment policy do not contain legal or policy requirements that would limit the exposure to custodial credit risk for deposits or investments, other than the following provision for deposits: The California Government Code requires that a financial institution secure deposits made by state or local governmental units by pledging securities in an undivided collateral pool held by a depository regulated under state law (unless so waived by the governmental unit). The market value of the pledge securities in the collateral pool must equal at least 110% of the total amount deposited by the public agencies. California law also allows financial institutions to secure City deposits by pledging first trust deed mortgage notes having a value of 150% of the secured public deposits. All of the City’s deposits were either fully insured or collateralized as of and for the year ended June 30, 2022.

California Local Agency Investment Fund (LAIF):

The LAIF is a voluntary program, created by a State Statute in 1977 as an investment alternative through which local governments may pool investments. The Local Agency Advisory Board, which consists of five members as designated by State Statute, has oversight responsibility over LAIF.

Investment AAA
Local Agency Investment Funds $ 99,840,224 N/A $ - $ 99,840,224 Money Market Mutual Funds 15,903,112 A 15,903,112 -
Certificates of Deposit 250,000 N/A - 250,000
Mutual Funds 12,682,084 N/A - 12,682,084
San Diego Investment Pool 92,346,718 N/A 92,346,718 -
Total $ 221,022,138 $ 108,249,830 $ 112,772,308
Total
Minimum
Legal
Rating Unrated
53 Attachment 1
City of Coronado Page 129

CITY OF CORONADO
NOTES TO THE FINANCIAL STATEMENTS (Continued)
Note 2: CASH AND INVESTMENTS (Continued):

The City may invest up to $75,000,000 (maximum amount per account allowed by LAIF) in a single LAIF fund account. Investments in LAIF are highly liquid, as deposits can be converted to cash within 24 hours without loss of interest. The City reports its investment in LAIF at the fair value amount provided by LAIF, which is the same as the value of the pool share. At June 30, 2022, the City’s two combined LAIF accounts proportionate fair value share in the pool was $99,840,224. This total represents $73,560,850 pooled for the City and $26,279,374 pooled for the Successor Agency.

Investment in San Diego County Investment Pool:

The City is a voluntary participant in the San Diego County Treasurer’s Pooled Money Fund, which is managed by San Diego County Treasurer-Tax Collector’s Office on behalf of the County of San Diego, school districts, colleges, special districts, and local agencies in San Diego. Permissible investments in the pool are made in accordance with California State law.

The maximum effective duration for the portfolio is 1.5 years.

Before a participant can withdraw funds from the pool it must submit a withdrawal request two working days prior to its desired withdrawal date. In addition, the County Treasurer’s Office must ensure that any withdrawals will not adversely affect the interest of all other depositors in the pool. Pursuant to California Government Code, the San Diego County Board of Supervisors has established the Treasury Oversight Committee (TOC) to monitor and review the pool’s investment policy. The TOC requires a financial audit to be conducted on a fiscal year basis to include limited tests of compliance with laws and regulations.

Investment in Public Agency Retirement Services:

The City is a voluntary participant in the Public Agency Retirement Services (PARS). In 2014, the City established an Internal Revenue Service Section 115 irrevocable trust with PARS for pension and OPEB. The trust account allows more control and flexibility in investment allocations compared to City’s portfolio which is restricted by State regulations to fixed income instruments. PARS is audited annually by an independent Certified Public Accountant.

Fair Value Hierarchy:

The City categorizes its fair value measurements within the fair value hierarchy established by GASB 72, Fair Value Measurement and Application. The hierarchy is based on the valuation inputs used to measure the fair value of the asset. Level 1 inputs are quoted prices in active markets for identical assets; Level 2 inputs are significant other observable inputs; Level 3 inputs are significant unobservable inputs. The City has the following recurring fair value measurements as of June 30, 2022:
54 Attachment 1
City of Coronado Page 130

CITY OF CORONADO
NOTES TO THE FINANCIAL STATEMENTS (Continued)
Note 2: CASH AND INVESTMENTS (Continued):

Note 3: NOTES RECEIVABLE:

The notes receivable at June 30, 2022, consisted of the following:

Lifeline Business Loans:

On April 21, 2020, the City Council established the Lifeline Business Loan program to provide up to $20,000 loans to small locally owned businesses generating sales tax in Coronado who have been adversely impacted by the COVID-19 pandemic. The purpose of the Lifeline Business Loan program is to preserve the City’s tax base and strengthen the local economy’s ability to recover and return to operation quickly.

Investment Type Totals Level 2
Investments by Fair Value Level:

Certificate of Deposits $ 250,000$ 250,000
Total Investments by Fair Value Level 250,000 250,000
Other Investments:

Local Agency Investment Funds - 99,840,224
San Diego Investment Pool - 92,346,718
Money Market Mutual Funds - 15,903,112
Mutual Funds (115 Irrevocable Trust) - 12,682,084
Total Investments Measured at Amortized Cost - 220,772,138 Total Investments $ 250,000$ 221,022,138
Governmental Activities:

Lifeline Business Loans $ 1,450,917
CATPAH 559,235
Tilaro and Day Trust 362,329
Novak 7,879
Silent Second Loans 447,263
CIHC Sr. Housing Loan - 550 Orange Ave. 1,565,973
CIHC LMIH Loan - 525 Orange Ave. 1,028,722
SDIHC LMIH Loan - Orange Villas 1,496,482
CIHC Building Loan - 525 Orange Ave. 800,000
Various Loans 3,000
7,721,800
Business-Type Activities:

Feast and Fareway Loan 676,645
Total Notes Receivable $ 8,398,445
55 Attachment 1
City of Coronado Page 131

CITY OF CORONADO
NOTES TO THE FINANCIAL STATEMENTS (Continued)
Note 3: NOTES RECEIVABLE (Continued):

Funding was prioritized into Tiers with $2 million allocated to Tier I and Tier II businesses.

Eligible Tier I businesses include eating and drinking establishments (non-formula), retail sales (non-formula), and hotels, motels, and bed and breakfasts (non-formula/non-corporate owned).

Eligible Tier II businesses include professional offices, real estate offices, personal services, musicians, repair services, light assembly, light industrial uses, internet providers and arcades, Coronado-based handyman and trade services, photocopying/mailbox services, newspapers and publishing, and non-formula gyms, dance halls, and martial arts studios.

The City received a total of 105 loan applications, of which 94 were approved. The total loans made as of June 30, 2022 are $1,450,917. Management estimated that 25% of these loans will not be collected and reported $362,729 as uncollectible.

CATPAH Loan:

On July 20, 1993, the former CDA issued a $2,410,000 loan to the Coronado Association to Provide Affordable Housing (CATPAH), a limited partnership, to assist in financing the acquisition and rehabilitation of twenty-three affordable housing units. The loan is non-interest bearing and is secured by a deed of trust on the properties acquired. The balance due under the note is to be repaid upon the earlier of (a) the sale, lease, exchange or other conveyance of the properties (other than the lease to low- and moderate-income households); (b) the uncured default of CATPAH under any of the loan documents; or (c) the expiration of Coronado Community Development plan on July 9, 2031.

Because the probable amount of future payments on the note, or the timing of payments on the note, could not be estimated with reasonable certainty, the disbursement to CATPAH was recorded as an expenditure. A note receivable from CATPAH has been recorded with an offset to allowance for uncollectible account receivables. Interest is accrued on an annual basis at

6.5% and added to the note receivable and deferred interest. On June 30, 2022, the present value for the receivable increased to $559,235.

Tilaro and Day Trusts Loan:

In July 1996, the former CDA issued two loans in the total amount of $520,371 to the Mario and Judith Tilaro Family Trust and John Day Smith Living Trust (Owner) to fund housing assistance and rehabilitation costs for very low income and lower income households. The loans are due on June 11, 2026 provided that the Owner does not default on the agreement, or the property transferred at an earlier date, unless an eligible transferee assumes the loan in a written agreement.
56 Attachment 1
City of Coronado Page 132

CITY OF CORONADO
NOTES TO THE FINANCIAL STATEMENTS (Continued)
Note 3: NOTES RECEIVABLE (Continued):

Because the probable amount of future payments on the loans, or the timing of such payments, could not be estimated with reasonable certainty, the disbursement of the monies to the Owner was recorded as an expenditure. A note receivable combining both loans from the Owner has been recorded with an offset to allowance for uncollectible account receivables. Interest is being accrued on an annual basis at 5.65% and added to the note receivable and allowance for uncollectible account receivables. If the loan is forgiven, the loan receivable will be writtenoff. At such time as principal payments are received on the loan in future years, the allowance for uncollectible account receivables will be reduced, and revenue will be recognized in the amount of the principal payments received. On June 30, 2022, the present value of the receivable increased to $362,329.

Novak Loan:

In October 1996, the former CDA issued a loan to an individual in the amount of $10,000 for the purpose of acquiring a housing unit burdened with affordable housing covenants. Under the terms of the agreement, the non-interest-bearing loan is due and payable in full on October 29, 2026; is secured by a trust deed on the property; and requires compliance with the affordable housing covenants.

Because the probable amount of future payments on the loan, or the timing of such payments, could not be estimated with reasonable certainty, the disbursement was recorded as an expenditure. A note receivable from the owner has been recorded with an offset to allowance for uncollectible account receivables. Interest is being accrued on an annual basis at 5.65% and added to the note receivable and allowance for uncollectible account receivables. At such time as principal payments are received on the note in future years, the allowance for uncollectible account receivables will be reduced, and revenue will be recognized in the amount of the principal payments received. On June 30, 2022, the present value of the receivable increased to $7,879.

Silent Second Loans:

From September through November 1998, the former CDA issued six loans to eligible homebuyers (Owners), to assist in the purchase of real property within the City. These noninterest-bearing loans varied in amount from $100,000 to $120,000, and totaling $652,200, are for a term of thirty years, and are secured as second trust deeds. While the loans do not bear interest, if certain events occur, payment of shared appreciation is required. The loans are each repayable upon the earlier sale or other transfer of the property to a non-eligible homebuyer with the shared appreciation amount. However, in the event of an earlier sale or transfer to an eligible homebuyer, the loan may be assumed. The full amount of each loan will be forgiven upon the thirtieth anniversary of the note in the event the Owner is not then in default of the agreement, or the loan has not previously become due.
57 Attachment 1
City of Coronado Page 133

CITY OF CORONADO
NOTES TO THE FINANCIAL STATEMENTS (Continued)
Note 3: NOTES RECEIVABLE (Continued):

Because the probable amount of future payments on the loan, or the timing of such payments, could not be estimated with reasonable certainty, the disbursements were recorded as expenditures. One loan receivable from the various Owners has been recorded with an offset to allowance for uncollectible accounts receivable at the discounted present value using a rate of 5.80%. Interest is being accrued on an annual basis at 5.80% and added to the note receivable and allowance for uncollectible account receivables. If the loans are forgiven, the loan receivable will be written off. At such time as principal payments are received on the note in future years, the allowance for uncollectible account receivables will be reduced, and revenue will be recognized in the amount of the principal payments received. On June 30, 2022, the present value of the receivable increased to $447,263.

Coronado Interfaith Housing Corporation Senior Housing Loan – 550 Orange Ave.:

In February 2006, the former CDA entered into a Disposition and Development Agreement (DDA) with the Coronado Interfaith Housing Corporation (CIHC) regarding two properties owned by the former CDA. The DDA establishes that CIHC would build and operate a thirty (30) unit senior affordable rental housing complex project. Under the terms of the DDA, the former CDA entered into a long-term ground lease of the properties for $1 per year for fiftyfive years. Additionally, the DDA provided a portion of the financing for the project in the form of a loan in the amount of $3,492,591. This loan is forgivable as long as CIHC complies with all terms and covenants included in the DDA during the fifty-five-year term of the agreement (commencing from occupancy of the first residential tenants). At the end of the ground lease, the land, improvements, and any remaining amount in the residual receipts account will revert to ownership by the City.

The loan has a stated annual interest rate of 3.00%, which was below the estimated incremental borrowing rate of the former CDA of 5.00%. Interest is accrued on an annual basis at 5.00% and added to the loan receivable and allowance for uncollectible account receivables. If the loan is forgiven, the loan receivable will be written-off. At such time as principal payments are received on the loan in future years, the allowance for uncollectible account receivables will be reduced and revenue will be recognized in the amount of the principal payments received.

On June 30, 2022, the present value of the loan receivable and accrued interest (at 3.00%) had increased to $1,565,973 and $1,642,858, respectively.
58 Attachment 1
City of Coronado Page 134

CITY OF CORONADO
NOTES TO THE FINANCIAL STATEMENTS (Continued)
Note 3: NOTES RECEIVABLE (Continued):

Coronado Interfaith Housing Corporation Affordable Housing Loan- 525 Orange Ave.:

On July 2, 2007, the former CDA entered into a DDA with CIHC regarding the rehabilitation and operation of affordable rental property owned by the former CDA at 525 Orange Avenue.

The DDA establishes that CIHC would rehabilitate and operate an affordable rental-housing complex on the property. Under the terms of the DDA, the former CDA entered into a longterm ground lease of the properties for $20,000 per year for fifty-five years. Additionally, the DDA provided a portion of the financing for the project in the form of a forgivable loan in the amount of $2,067,066. This loan is forgivable if CIHC complies with all terms and covenants included in the DDA during the fifty-five-year term of the agreement (commencing from occupancy of the first residential tenants). At the end of the ground lease, the land, improvements, and any remaining amount in the residual receipts account will revert to ownership by the City.

Because the probable amount of future payments on the loan, or the timing of payments on the loan, could not be estimated with reasonable certainty, the disbursement to CICH was recorded as an expenditure. A loan receivable from CICH has been recorded with an offset to allowance for uncollectible account receivables. The loan has a stated annual interest rate of 3.00%, which was below the estimated incremental borrowing rate of the former CDA of 4.72%. Interest is accrued on an annual basis at 4.72% and added to the loan receivable and allowance for uncollectible account receivables. If the loan is forgiven, the loan receivable will be writtenoff. At such time as principal payments are received on the loan in future years, the allowance for uncollectible account receivables will be reduced and revenue will be recognized in the amount of the principal payments received. On June 30, 2022, the present value of the loan receivable and accrued interest (at 3.00%) had increased to $1,028,722 and $873,265, respectively.

San Diego Interfaith Housing Corporation – Orange Villas:

In August 2008, the former CDA entered into a DDA with San Diego Interfaith Housing Corporation (SDIHC) regarding affordable housing construction at 440-450 Orange Avenue, substantial rehabilitation at 225 Orange Avenue, and subsequent operation of both properties.

The DDA establishes that SDIHC would construct, rehabilitate, and operate affordable housing complexes on the properties.

Under the terms of the DDA, the former CDA entered into a long-term ground lease of the properties for $1 per year for ninety-nine years. Additionally, the DDA provided a portion of the financing for the project in the form of a forgivable loan of $2,870,000 for a term of ninetynine years. This loan is forgivable as long as SDIHC complies with all terms and covenants included in the DDA upon the fifty-fifth anniversary of the Housing Assistance Note. At the end of the ground lease, the land, improvements, and any remaining amount in the residual receipts account will revert to ownership by the City.
59 Attachment 1
City of Coronado Page 135

CITY OF CORONADO
NOTES TO THE FINANCIAL STATEMENTS (Continued)
Note 3: NOTES RECEIVABLE (Continued):

Because the probable amount of future payments on the loan, or the timing of payments on the loan, could not be estimated with reasonable certainty, the disbursement to SDICH was recorded as expenditures. A loan receivable from SDICH has been recorded with an offset to allowance for uncollectible account receivables. The loan has a stated interest rate of 3.00%, which was below the estimated incremental borrowing rate of the former CDA of 4.50%.

Therefore, the balance of the note has been discounted based on the 4.50% rate (present value).

Interest is accrued on an annual basis at 4.50% and added to the loan receivable and allowance for uncollectible account receivables. If the loan is forgiven, the loan receivable will be writtenoff. At such time as principal and interest payments are received on the loan in future years, the allowance for uncollectible account receivables will be reduced and revenue will be recognized in the amount of the principal and interest payments received.

On June 30, 2022, the present value of the loan receivable and accrued interest (at 3.00%) had increased to $1,496,482 and $962,216, respectively.

Coronado Interfaith Housing Corporation Building Loan – 525 Orange Ave.:

On June 19, 2007, the former CDA entered into a DDA with CIHC. Under the DDA, a promissory note in the amount of $800,000 was given as part of an agreement dated December 19, 2007. The loan has a stated annual interest rate of 4.72% with repayment of principal and interest in annual installments equal to available revenues derived from the Project after payment of operation and maintenance expenses and Ground Lease Payments. The first payment was due on the first anniversary of the commencement date and the final payment in the amount of the unpaid note to be paid on the fifty-fifth anniversary. On June 30, 2022, the loan receivable balance was unchanged while accrued interest was $461,705.

Feast and Fareway Notes:

On April 5, 2019, the City entered into a loan agreement with Feast and Fareway LLC, the operator of the City’s Golf Course Restaurant. Under the loan agreement, promissory notes in the amount of $400,000 on April 5, 2019, and $300,000 on May 1, 2019 were executed to provide funding for capital improvements in the Golf Course’s kitchen. Under the terms of the promissory notes, Feast and Fareway will make interest only payments for the first two years of each note at the interest rate of 4.4% annually. The $400,000 note’s interest-only payment in the amount of $1,467 is due monthly until April 1, 2021.

The $300,000 note’s interest-only payment in the amount of $1,100 is due monthly until May 1, 2021. Due to the impact of Covid-19 pandemic, the two notes were combined into one note for $700,000 with the same interest rate of 4.4% annually, interest-only payments were deferred to June 2020, and deferred again to July 2021. On June 30, 2022, the loan receivable balance had decreased to $676,645 and the total deferred interest is $38,500. 60 Attachment 1
City of Coronado Page 136

CITY OF CORONADO
NOTES TO THE FINANCIAL STATEMENTS (Continued)
Note 4: LOANS TO SUCCESSOR AGENCY:

The initial consolidated promissory note between the City and Successor Agency of $28,326,552 was approved by the California Department of Finance as an enforceable obligation in FY 2014-15, and the previous allowance for uncollectible account has been removed. In October 2018, The Successor Agency refinanced its enforceable obligations, including loans to the City, by issuing Tax Allocation Refunding Bonds series 2018. All consolidated loans from the City to Successor Agency were refinanced except for the LifeGuard Tower Improvement loan, which was created in 2001 and had a balance plus accrued interest of 75,632 on December 31, 2013. The loan is payable bi-annually in June and December of each year in the amount of $2,785 for 17 years, with an interest rate of 5%. As of June 30, 2022, the loan receivable balance was $55,608. For details on the loans to the Successor Agency, see Note 19.

Note 5: LEASES RECEIVABLE:

For the year ended June 30, 2022, the financial statements include the adoption of GASB Statement No. 87, Leases. The primary objective of this statement is to enhance the relevance and consistency of information about governments’ leasing activities. This statement establishes a single model for lease accounting based on the principle that leases are financings of the right to use an underlying asset. Under this Statement, a lessee is required to recognize a lease liability and an intangible right-to-use lease asset, and a lessor is required to recognize a lease receivable and a deferred inflow of resources.

Governmental Activities
As of July 1, 2021, the City has two cell tower leases for easements located throughout Coronado and one restaurant lease for the Bluewater Grill. The interest rates for each cell tower lease and the restaurant lease are 5.0%. The initial lease agreement terms are 52 months and 21 months for the two cell tower leases, and 71 months for the restaurant lease. The total amount of lease revenue recognized in the current reporting period from leases is $326,935 and the total amount of interest received related to the leases was $112,062. The balance of the lease receivable at June 30, 2022 is $2,080,886. The City has a deferred inflow or resources associated with these leases that will be recognized as revenue over the lease term. The balance of the deferred inflow of resources at June 30, 2022 is $2,031,934.

Business-type Activities
As of July 1, 2021, the Golf Course Fund has one cell tower lease for an easement located on the golf course and one restaurant lease for the Feast and Fareway Restaurant. The interest rate for each lease is 5.0%. The initial lease agreement terms are 81 months for the cell tower lease, and 148 months for the restaurant lease. The total amount of lease revenue recognized in the current reporting period from leases is $179,844 and the total amount of interest received related to the leases was $98,519.
61 Attachment 1
City of Coronado Page 137

CITY OF CORONADO
NOTES TO THE FINANCIAL STATEMENTS (Continued)
Note 5: LEASE RECEIVABLE (Continued):

The balance of the lease receivable at June 30, 2022 is $2,053,709. The City has a deferred inflow or resources associated with these leases that will be recognized as revenue over the lease term. The balance of the deferred inflow of resources at June 30, 2022 is $1,981,580.

Note 6: INTER-FUND TRANSACTIONS:

The composition of inter-fund balances as of June 30, 2022, was as follows:

Due to/From Other Funds:

Advances To/From Other Funds:

In 2015, the General Fund made a long-term advance to the Storm Drain Enterprise Fund to defease the storm drain bonds. The storm drain enterprise fund is making a quarterly payment of $75,369 consisting of principal and interest of 3.2% annually. The last payment to pay off the advances will be on December 1, 2026. In 2019 and 2020, the General Fund loaned $4,000,000 and $1,050,000, respectively, in cash to the Wastewater Fund to pay for the design and construction of the sewer connection project. The actual project costs were $4,649,634, accordingly, the Wastewater Fund returned $400,366 to the General Fund in June 2021. On June 15, 2021, the City Council approved the repayment of the loan on 15 annual installments starting on June 30, 2022 with an interest rate of 2.339% annually.

On June 15, 2021, the City Council authorized a long-term advance to the Wastewater Enterprise Fund for the Parker Pump Station Replacement Project. The Parker Pump Station Replacement Project includes construction of a new sanitary sewer and storm drain pump station at 800 Coronado Avenue with an above-ground control building. This advance will be repaid from future sewer charges received from customers.

Funds - Reported Due from Funds - Reported Due to Amount General Fund Federal and State Grants $ 194,306
Funds - Reported Advances to
Funds - Reported Advances
from Amount
General Fund Storm Drain Enterprise Fund $ 1,258,804
General Fund Wastewater Enterprise Fund 4,387,288
Capital Projects Funds Wastewater Enterprise Fund 5,300,000 62 Attachment 1
City of Coronado Page 138

CITY OF CORONADO
NOTES TO THE FINANCIAL STATEMENTS (Continued)
Note 6: INTER-FUND TRANSACTIONS (Continued):

Inter-fund Transfers:

The $3,005,000 was transferred from the General Fund to the Capital Projects Fund to provide working capital and funding for capital projects. The $500,000 was from the General Fund to the Storm Drain Enterprise Fund to cover operational expenses.

Note 7: CHANGES IN CAPITAL ASSETS:

A summary of changes in capital assets for the year ended June 30, 2022, is as follows:

Transfers Out:

Transfers In: General Fund
Capital Project Funds $ 3,005,000
Storm Drain Enterprise 500,000
Total $ 3,505,000
Balance Balance
June 30, 2021 Additions (Deletions) June 30, 2022
Governmental Activities:

Capital Assets Not Being Depreciated:

Land $ 33,127,316 $ - $ - $ 33,127,316
Art and collections 1,779,628 49,270 - 1,828,898
Construction in progress 2,815,386 1,778,996 (548,934) 4,045,448 Total Capital Assets Not Being Depreciated 37,722,330 1,828,266 (548,934) 39,001,662 Capital Assets Being Depreciated:

Buildings 66,586,168 2,557,465 - 69,143,633
Improvements other than buildings 21,448,972 478,954 - 21,927,926 Infrastructure 55,332,224 - - 55,332,224
Vehicles and equipment 17,838,149 1,188,701 (436,084) 18,590,766 Total Capital Assets Being Depreciated 161,205,513 4,225,120 (436,084) 164,994,549 Less Accumulated Depreciation:

Buildings 21,222,530 1,387,449 - 22,609,979
Improvements other than buildings 7,467,523 822,595 - 8,290,118 Infrastructure 28,609,439 1,515,949 - 30,125,388
Vehicles and equipment 11,753,176 1,159,700 (353,630) 12,559,246 Total Accumulated Depreciation 69,052,668 4,885,693 (353,630) 73,584,731 Net Capital Assets Being Depreciated 92,152,845 (660,573) (82,454) 91,409,818 Net Capital Assets - Governmental Activities $ 1,167,693$ 129,875,175 $ (631,388) $ 130,411,480 63 Attachment 1
City of Coronado Page 139

CITY OF CORONADO
NOTES TO THE FINANCIAL STATEMENTS (Continued)
Note 7: CHANGES IN CAPITAL ASSETS (Continued):

Depreciation expense was charged to functions/programs of the City as follows:

Balance Balance
June 30, 2021 Additions (Deletions) Transfers June 30, 2022 Business-Type Activities:

Capital Assets Not Being Depreciated:

Construction in progress $ 1,976,781 $ - 4,502,308 $ $ (1,974,777) $ 4,504,312 Total Capital Assets Not Being Depreciated 1,976,781 4,502,308 - (1,974,777) 4,504,312 Capital Assets Being Depreciated:

Buildings 6,227,551 - - 6,227,551 -
Improvements other than buildings 49,759,118 159,892 - 1,974,777 51,893,787 Infrastructure 9,120,083 - - 9,120,083 -
Vehicles and equipment 15,476,113 557,892 (932,166) 47,210 15,149,049 Equipment under capital lease 51,742 - - - 51,742
Total Capital Assets Being Depreciated 80,634,607 717,784 (932,166) 2,021,987 82,442,212 Less Accumulated Depreciation:

Buildings 2,713,937 132,643 - - 2,846,580
Improvements other than buildings 28,773,600 859,682 - - 29,633,282 Infrastructure 642,127 304,336 - - 946,463
Vehicles and equipment 8,395,230 598,598 (804,292) 27,539 8,217,075 Equipment under capital lease 5,174 1,725 - - 6,899
Total Accumulated Depreciation 40,530,068 1,896,984 (804,292) 27,539 41,650,299 Net Capital Assets Being Depreciated 40,104,539 (1,179,200) (127,874) 1,994,448 40,791,913 Net Capital Assets - Business-Type Activities 42,081,320$ $3,323,108 $ (127,874) $ 19,671 $ 45,296,225 Governmental Activities:

General government $ 1,437,107
Public safety 1,131,788
Construction and maintenance 752,607
Planning and building services 14,401
Culture and leisure 1,549,790
Total Governmental Activities $ 4,885,693
Business-Type Activities:

Wastewater Utility $ 1,377,642
Golf Course 247,199
Storm Drain 272,143
Total Business-Type Activities $ 1,896,984
64 Attachment 1
City of Coronado Page 140

CITY OF CORONADO
NOTES TO THE FINANCIAL STATEMENTS (Continued)
Note 8: LONG-TERM DEBT OBLIGATIONS:

Governmental Activities – Long-Term Debt:

A summary of changes in governmental activities long-term debt at June 30, 2022, is as follows:
a. Compensated Absences:

This liability represents the total unpaid vacation and compensation time earned by employees of the City in its General and special revenue funds to be paid from future resources. Compensated absences are reported in governmental funds only if they have matured.
b. Workers’ Compensation and General Liability Claims:

See Note 9 detailing claims and judgements. The total Workers’ Compensation and claims liability at June 30, 2022 was $7,820,606.

Business-Type Activities – Long-Term Debt:

A summary of the changes in business-type activities long-term debt at June 30, 2022 is as follows:

Note 9: SELF - INSURANCE:

For liability insurance coverage, the City is a member of the California State Association of Counties Excess Insurance Authority (CSAC-EIA), a consortium of various California public entities. Each member entity pays an annual premium. Losses exceeding a member city’s selfinsured retention are paid by the pool or by a commercial excess insurance company.

Balance Balance Due Within
June 30, 2021 Additions Reductions June 30, 2022 One Year Compensated Absences $ 2,879,207 $1,048,569 $ (1,305,206) $ 2,622,570 $1,216,882 Claims and Judgements 7,246,688 1,876,477 (1,302,559) 7,820,606 2,334,220 Total Government-Wide
Governmental Activities $ 10,125,895 $2,925,046 $ (2,607,765) $ 10,443,176 $3,551,102 Balance Balance Due Within
June 30, 2021 Additions Reductions June 30, 2022 One Year Compensated Absences $ 219,737 $ 135,559 $ (138,026) $ 217,270 $ 114,702 Total Government-Wide
Business-Type Activities $ 219,737 $ 135,559 $ (138,026) $ 217,270 $ 114,702 65 Attachment 1
City of Coronado Page 141

CITY OF CORONADO
NOTES TO THE FINANCIAL STATEMENTS (Continued)
Note 9: SELF – INSURANCE (Continued):

For worker’s compensation insurance coverage, the City is a member of the Local Agency Workers’ Compensation Excess Joint Powers Authority (LAWCX). Each member city pays an annual premium. Losses exceeding a member city’s self-insured retention are paid by LAWCX up to $5,000,000 and by a commercial insurance company for losses from $5,000,000 to the statutory limit. The self-insured retentions and maximum coverage are:

The City has entered into contracts with a servicing agent who administers the workers’ compensation claims program. Settled claims have not exceeded any of the City’s coverage amounts in any of the last four fiscal years and there were no reductions in the City’s insurance coverage during the year ended June 30, 2022. Claims expenditures and liabilities are reported when it is probable that a loss has occurred, and the amount of the loss can be reasonably estimated. These losses include an estimate of claims that have been incurred but not reported.

The City has accrued its anticipated liability with respect to claims filed and claims incurred but not reported to the City as of year-end in the General Fund. Changes in the aggregate liability for claims for the years ended June 30, 2021, and 2022 are as follows:

The ultimate amount of losses incurred through June 30, 2022, is dependent on future developments. Based upon information from the City Attorney, the City’s claim administrators and others involved with the administration of the insurance programs, City management believes the accrual is adequate to cover such losses. General liability and workers’ compensation claims are paid out of the General Fund. For the year ended June 30, 2022, the City incurred a total of $1,876,447 in expenses for workers’ compensation.

Self-Insured Excess Coverage Above
Per Occurrence Self-Insurance Retention
Public Liability $ 50,000,000$ 250,000
Workers' Compensation 500,000 Statutory Amount
Workers' General
Compensation Liability Total
Liability as of June 30, 2020 $ 6,371,595 $ 332,534 $6,704,129 Claims and changes in estimates
during the year ended June 30, 2021 933,072 438,166 1,371,238 Claims payments during the year (828,679) - (828,679)
Liability as of June 30, 2021 6,475,988 770,700 7,246,688 Claims and changes in estimates
during the year ended June 30, 2022 1,876,477 - 1,876,477 ended June 30, 2022 (1,037,293) (265,266) (1,302,559)
Liability as of June 30, 2022 $ 7,315,172 $ 505,434 $7,820,606 66 Attachment 1
City of Coronado Page 142

CITY OF CORONADO
NOTES TO THE FINANCIAL STATEMENTS (Continued)
Note 10: PENSION PLAN OBLIGATIONS:

Plan Descriptions:

All qualified non-public safety permanent and probationary employees are eligible to participate in the City’s Miscellaneous Plan, an agent multiple-employer defined benefit pension plan administered by the California Public Employees’ Retirement System (CalPERS), which acts as a common investment and administrative agent for its participating member employers.

All qualified safety employees are eligible to participate in the City’s Safety Plan, a costsharing multiple-employer defined benefit pension plan administered by CalPERS, which acts as a common investment and administrative agent for its participating member employers.

Benefit provisions for the Plans are established by State statutes and City resolution. Copies of the PERS’ annual investment report may be obtained online at www.calpers.ca.gov.

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 with statutorily reduced benefits.

All members are eligible for non-duty disability benefits after 10 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. The cost-of-living adjustments for each plan are applied as specified by the Public Employees’ Retirement Law.

The Plan provisions and benefits in effect at June 30, 2022 are summarized as follows:

Tier 1 PEPRA*
Hire Date Prior to January 1, 2013 January 1, 2013 and after Benefit formula 3.0% @ 60 2.0% @ 62
Benefit vesting schedule 5 years service 5 years service Benefit payments Monthly for life Monthly for life
Minimum retirement age 50 52
Monthly benefits, as % of eligible compensation 2.0% to 3.0% 1.0% to 2.5% Required employee contribution rates 9.50% 6.75%
Required employer contribution rates - Normal Cost 12.280% 12.280% Required employer payment of Unfunded Liability $2,174,261 - Miscellaneous Plan
67 Attachment 1
City of Coronado Page 143

CITY OF CORONADO
NOTES TO THE FINANCIAL STATEMENTS (Continued)
Note 10: PENSION PLAN OBLIGATIONS (Continued):

Employees Covered:

At June 30, 2021, the measurement date, the following employees were covered by the benefit terms of the Miscellaneous plan:

At June 30, 2021, the measurement date, the following employees were covered by the benefit terms of the Safety plan:

Contribution Description:

Section 20814(c) of the California Public Employees’ Retirement Law (PERL) 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’ 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.

Tier 1 PEPRA*
Hire Date Prior to January 1, 2013 January 1, 2013 and after Benefit formula 3.0% @ 50 2.7% @ 57
Benefit vesting schedule 5 years service 5 years service Benefit payments Monthly for life Monthly for life
Minimum retirement age 50 50
Monthly benefits, as % of eligible compensation 3.0% 2.0 to 2.7% Required employee contribution rates 10.50% 13.00%
Required employer contribution rates - Normal Cost 23.710% 13.130% Required employer payment of Unfunded Liability $2,287,446 $4,280 Safety Cost-Sharing Plan
Active members 171
Transferred members 96
Terminated members 158
Retired members and beneficiaries 231
Total 656
Active members 77
Transferred members 27
Terminated members 21
Retired members and beneficiaries 150
Total 275
68 Attachment 1
City of Coronado Page 144

CITY OF CORONADO
NOTES TO THE FINANCIAL STATEMENTS (Continued)
Note 10: PENSION PLAN OBLIGATIONS (Continued):

The employer is required to contribute the difference between the actuarially determined rate and the contribution rate of employees. Employer 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 contribution requirements are classified as plan member contributions.

For the year ended June 30, 2022, the employer contributions recognized as a reduction to the net pension liability for all the Plans was $6,998,434.

Net Pension Liability:

The net pension liability is measured as the total pension liability, less the pension plan’s fiduciary net position. The net pension liability of each of the Plans is measured as of June 30, 2020, using an annual actuarial valuation as of June 30, 2020 rolled forward to June 30, 2021 using standard update procedures. A summary of principal assumptions and methods used to determine the net pension liability is shown below.

Actuarial Methods and Assumptions Used to Determine Total Pension Liability:

For the measurement period ended June 30, 2021, the total pension liability was determined by rolling forward the June 30, 2020 total pension liability. The June 30, 2021 total pension liabilities were based on the following actuarial methods and assumptions:
(1) The mortality table used was developed based on CalPERS-specific data. The probabilities of mortality are based on the 2017 CalPERS Experience Study for the period from 1997 to 2015. Pre-retirement and Post-retirement mortality rates include 15 years of projected mortality improvement using 90% of Scale MP-2016 published by the Society of Actuaries.

For more details on this table, please refer to the CalPERS Experience Study and Review of Actuarial Assumptions report from December 2017 that can be found on the CalPERS website.

Actuarial Cost Method Entry Age Normal
Actuarial Assumptions:

Discount Rate 7.15%
Inflation 2.5%
Salary Increase Varies by entry age and service
Mortality Rate Table (1) Derived using CalPERS' membership data for all funds Post Retirement Benefit
Increase
The lesser of contract COLA up to 2.50% until
purchasing power protection allowance floor on
purchasing power applies, 2.50% thereafter
69 Attachment 1
City of Coronado Page 145

CITY OF CORONADO
NOTES TO THE FINANCIAL STATEMENTS (Continued)
Note 10: PENSION PLAN OBLIGATIONS (Continued):

Discount Rate:

The discount rate used to measure the total pension liability was 7.15%. 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 required 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.

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 shortterm and long-term market return expectations as well as the expected pension fund cash flows.

Using historical returns of all of the funds’ asset classes, expected compound (geometric) returns were calculated over the short-term (first 10 years) and the long-term (11+ years) using a building-block approach. Using the expected nominal returns for both short-term and longterm, the present value of benefits was calculated for each fund. The expected rate of return was set by calculating the rounded single equivalent expected return that arrived at the same present value of benefits for cash flows as the one calculated using both short-term and longterm returns. The expected rate of return was then set equal to the single equivalent rate calculated above and adjusted to account for assumed administrative expenses. The expected real rates of return by asset class are as follows:
(1) In the System's CAFR, Fixed Income is included in Global Debt Securities; Liquidity is included in Short-term Investments; Inflation Assets are included in both Global Equity Securities and Global Debt Securities.
(2) An expected inflation of 2.00% used for this period. (3) An expected inflation of 2.92% used for this period.

Asset Class 1
Assumed Asset
Allocation
Real Return Years
1-10 2
Real Return Years
11+ 3
Public equity 50.0% 4.80% 5.98%
Fixed income 1.00 2.62 28.00
Inflation assets 0.77 1.81 -
Private equity 8.00 6.30 7.23
Real assets 13.00 3.75 4.93
Liquidity 1.00 - (0.92)
70 Attachment 1
City of Coronado Page 146

CITY OF CORONADO
NOTES TO THE FINANCIAL STATEMENTS (Continued)
Note 10: PENSION PLAN OBLIGATIONS (Continued):

Pension Liabilities, Pension Expense and Deferred Outflows and Deferred Inflows of Resources Related to Pensions:

The information in the following table includes the aggregate total pension related items for the Miscellaneous and Safety plans.

The following table shows the changes in net pension liability recognized over the measurement period for the Miscellaneous Plan.

The following table shows the Safety Plan’s proportionate share of the changes in net pension liability recognized over the measurement period.

Miscellaneous Safety Total
Net Pension Liabilities $ 9,681,851 $ 26,458,709$ 16,776,858 Deferred Outflows of Resources 3,582,236 8,742,419 12,324,655 Deferred Inflows of Resources 10,652,667 12,682,154 23,334,821 Pension Expense/ (Income) (458,907) 77,178 (381,729)
Total Pension
Liability
(a)
Plan Fiduciary Net
Position
(b)
Net Pension
Liability/(Asset)
(c)=(a)-(b)
Balance at June 30, 2020 (Valuation Date) $ 115,688,599 $ 91,352,187 $ 24,336,412 Changes Recognized for the Measurement Period:

Service Cost - 2,389,728 2,389,728
Interest on the Total Pension Liability - 8,137,530 8,137,530 Difference between Expected and Actual Experience - (195,623) (195,623) Net Plan to Plan Resource Movement - - -
Change of Assumptions - - -
Contribution from Employer - 3,388,562 (3,388,562)
Contribution from Employees - 1,043,538 (1,043,538)
Net Investment Income - 20,645,351 (20,645,351)
Benefit Payments, Including Refunds of Employee Contributions (5,752,463) (5,752,463) - Administrative Expense - (91,255) 91,255
Net Changes During 2020-21 4,579,172 19,233,733 (14,654,561) Balance at June 30, 2021 (Measurement Date) $ 120,267,771 $ 110,585,920 $ 9,681,851 Increase (Decrease)
Total Pension
Liability
(a)
Plan Fiduciary
Net Position
(b)
Net Pension
Liability/(Asset)
(c)=(a)-(b)
Balance at June 30, 2020 $ 123,543,208 $ 93,277,045 $ 30,266,163 Balance at June 30, 2021 127,348,219 110,571,361 16,776,858 Net Change During FY 2020-21 $ 3,805,011 $ 17,294,316 $ (13,489,305) Safety Plan Proportionate Share
71 Attachment 1
City of Coronado Page 147

CITY OF CORONADO
NOTES TO THE FINANCIAL STATEMENTS (Continued)
Note 10: PENSION PLAN OBLIGATIONS (Continued):

The City’s net pension liability for the Safety Plan is measured as the proportionate share of the net pension liability. The net pension liability of the Safety Plan is measured as of June 30, 2021, and the total pension liability for the Safety Plan used to calculate the net pension liability was determined by an actuarial valuation as of June 30, 2020, rolled forward to June 30, 2021, using standard update procedures. The City’s proportion 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 contributions of all participating employers actuarially determined. The City’s proportionate share of the net pension liability for the Safety Plan as of June 30, 2021 and 2022, was as follows:

Sensitivity of the Net Pension Liability to Changes in the Discount Rate:

The following presents the net pension liability/(asset) of the Plans as of the measurement date, calculated using the discount rate of 7.15 percent, as well as what the net pension liability/(asset) would be if it were calculated using a discount rate that is 1 percentage-point lower (6.15 percent) or one percentage-point higher (8.15 percent) than the current rate:

Amortization of Deferred Outflows and Deferred Inflows of Resources:

Under GASB 68, gains and losses related to changes in total pension liability and fiduciary net position are recognized in pension expense systematically over time. The first amortized amounts are recognized in pension expense for the year the gain or loss occurs. The remaining amounts are categorized as deferred outflows and deferred inflows of resources related to pensions and are to be recognized in future pension expense.

Proportion FY 2020-21 0.45429%
Proportion FY 2021-22 0.47804%
Change - Increase (Decrease) 0.02375%
Safety Cost-Sharing Plan
Discount Rate -1%

6.15%
Current Discount
Rate 7.15%
Discount Rate +1%

8.15%
Miscellaneous Plan $ 25,352,677 $ 9,681,851 $ (3,281,489) Safety Plan 33,919,028 16,776,858 2,696,684
Total Net Pension Liability $ 59,271,705 $ 26,458,709 $ (584,805) 72 Attachment 1
City of Coronado Page 148

CITY OF CORONADO
NOTES TO THE FINANCIAL STATEMENTS (Continued)
Note 10: PENSION PLAN OBLIGATIONS (Continued):

The amortization period differs depending on the source of the gain or loss:

Pension Plan Fiduciary Net Position:

The plan fiduciary net position disclosed in the GASB 68 accounting valuation report may differ from the plan assets reported in the funding actuarial valuation report due to several reasons. First, for the accounting valuations, CalPERS must keep items such as deficiency reserves, fiduciary self-insurance expense included as assets. These amounts are excluded for rate setting purposes in the funding actuarial valuation. In addition, differences may result from early Annual Comprehensive Financial Report closing and final reconciled reserves. Detailed information about each pension plan’s fiduciary net position is available in the separately issued CalPERS financial reports. See CalPERS website for additional information.

For the measurement period ending June 30, 2021 (the measurement date), the City incurred pension income of $458,907 for the Miscellaneous Plan, and pension expense of $77,178 for the Safety Plan.

As of June 30, 2022, the following were the reported deferred outflows of resources and deferred inflows of resources related to all pension plans:

Net difference between projected and actual
earnings on pension plan investments
5 year straight-line amortization
All other amounts Straight-line amortization over the
expected average remaining service
lifetime (EARSL), of all members that are
provided with benefits (active, inactive,
and retired), as of the beginning of the
measurement period.

Outflow of
Resources
Inflow of
Resources
Outflow of
Resources
Inflow of
Resources
Outflow of
Resources
Inflow of
Resources
Current year contributions that occurred after the
measurement date of June 30, 2021 $ 3,546,127 $ - $ 3,959,848 $ - 7,505,975 $ $ - Change of assumption - - - - - -
Difference between expected and actual experiences 36,109 373,498 - 2,902,421 2,866,312 373,498 Net difference between projected and actual
earnings on pension plan investments 10,279,169 - - 9,985,456 - 20,264,625 Differences between employer's contributions and
proportionate share of contributions - - - 2,696,698 - 2,696,698 Difference in proportionate share - - 1,916,259 - 1,916,259 - Total $ 3,582,236 $ 10,652,667 $ 8,742,419 $ 12,682,154 $ 12,324,655 $ 23,334,821 Miscellaneous Plan Safety Plan Total Deferred:
73 Attachment 1
City of Coronado Page 149

CITY OF CORONADO
NOTES TO THE FINANCIAL STATEMENTS (Continued)
Note 10: PENSION PLAN OBLIGATIONS (Continued):

Contributions subsequent to the measurement date in the amount of $7,505,975 are reported as deferred outflows of resources and will be recognized as a reduction of the net pension liability in the fiscal year ending June 30, 2023. Other amounts reported as deferred outflows or deferred inflows of resources related to pensions will be recognized as pension expense as follows:

Subsequent Events
On July 12, 2021, CalPERS report a preliminary 21.3% net return on investments for fiscal year 2020-21. Based on the threshold specified in CalPERS Funding Risk Mitigation policy, the excess return of 14.3% prescribes a reduction in investment volatility that corresponds to a reduction in the discount rate used for funding purposes of 0.20%, from 7.00% to 6.80%. Since CalPERS was in the final stages of the four-year Asset Liability Management (ALM) cycle, the board elected to defer any changes to the asset allocation until the ALM process concluded, and the board could make its final decision on the asset allocation in November 2021.

On November 17, 2021, the board adopted a new strategic asset allocation. The new asset allocation along with the new capital market assumptions, economic assumptions and administrative expense assumption support a discount rate of 6.90% (net of investment expense but with a reduction for administrative expense) for financial reporting purposes. This includes a reduction in the price inflation assumption from 2.50% to 2.30% as recommended in the November 2021 CalPERS Experience Study and Review of Actuarial Assumptions. This study also recommended modifications to retirement rates, termination rates, mortality rates and rates of salary increases that were adopted by the board. These new assumptions will be reflected in the GASB 68 accounting valuation reports for the June 30, 2022, measurement date.

Measurement
Period Ended June
30:

Deferred
Outflows/(Inflows) of
Resources for
Miscellaneous Plan
Deferred
Outflows/(Inflows) of
Resources for Safety
Plan
2023 $ (2,868,390) $ (1,410,302)
2024 (2,450,408) (1,636,442)
2025 (2,463,795) (2,104,981)
2026 (2,833,965) (2,747,858)
2027 - -
Thereafter - -
74 Attachment 1
City of Coronado Page 150

CITY OF CORONADO
NOTES TO THE FINANCIAL STATEMENTS (Continued)
Note 11: POST EMPLOYMENT HEALTH BENEFITS:

Plan Description:

The City provides a contribution towards retiree health benefits, which are provided through the Public Employee’s Medical and Hospital Care Act (PEMHCA) and is administered by the board of the California Public Employees Retirement System (CalPERS). It is an agent multiple-employer defined benefit retiree healthcare plan. To be eligible for retiree health benefits, an employee must retire from the City and commence pension benefits under CalPERS (typically on or after age 50 with at least five years of PERS eligible service). The scheduled required employer contributions for each eligible retiree under the CalPERS Health Plan are $149 per month per employee at the end of FY 2021-22.

Employees Covered:

As of the June 30, 2021 actuarial valuation, the following current and former employees were covered by the benefit terms of the City’s OPEB plan:

Contributions:

PEMHCA establishes required minimum contribution amounts for contracting agencies to provide for participating active and retired members. It further establishes that the contribution amount be adjusted annually to reflect any changes in the medical care component of the CPIU and rounded to the nearest dollar. For calendar years 2021 and 2022, the monthly contribution amounts for retired annuitants were $143 and $149, respectively. The City provides the minimum required contribution amount for retired annuitants. Retired annuitants who elect to participate in this program select coverage from among an array of offered health plans and pay the difference between the City’s minimum contribution and the monthly cost of coverage. For the fiscal year ended June 30, 2022, the City’s cash contributions were $0. In FY 2013-14, the City established an Internal Revenue Services Section 115 Irrevocable Trust with the Public Agency Retirement Services to stabilize future OPEB obligations.

Net OPEB Liability:

The City’s net OPEB liability was measured as of June 30, 2021 and the total OPEB liability used to calculate the net OPEB liability was determined by an actuarial valuation dated June 30, 2021. The following actuarial methods and assumptions were used in the actuarial valuation:

Inactive plan members or beneficiaries currently receiving benefits 70 Inactive plan members entitled to but not receiving benefits 0 Active plan members 253
Total 323
75 Attachment 1
City of Coronado Page 151

CITY OF CORONADO
NOTES TO THE FINANCIAL STATEMENTS (Continued)
Note 11: POST EMPLOYMENT HEALTH BENEFITS (Continued):
(1) Mortality rates are based on:

Miscellaneous – 2017 CalPERS Mortality for Miscellaneous and Schools Employees Mortality Tables
Police – 2017 CalPERS Mortality for Safety Employees Mortality Tables Miscellaneous – 2017 CalPERS Mortality for Safety Employees Mortality Tables (2) Pre-Retirement Turnover is according to the termination rates under the 2017 experience study for the CalPERS pension plan. The experience study reports may be accessed on the CalPERS website www.calpers.ca.gov under forms and publications.

The long-term expected rate of return on OPEB plan investments was determined using a building-block method in which best-estimate ranges of expected future real rates of return (expected returns, net of OPEB plan investment expense and inflation) are developed for each major asset class. These ranges are combined to produce the long-term expected rate of return by weighting the expected future real rates of return by the target asset allocation percentage and by adding expected inflation. Best estimates of arithmetic real rates of return for each major asset class included in the OPEB plan's target asset allocation as of June 30, 2021 are summarized in the following table:

Discount Rate:

The discount rate used to measure the total OPEB liability was 5.75%. The projection of cash flow used to determine the discount rate assumed that City contributions will be made at rates equal to the actuarially determined contribution rates.

Actuarial Assumptions:

Discount Rate 5.75%
Inflation 2.50%
Salary Increases 2.75%
Investment Rate of Return 5.75%
Mortality Rate (1) Derived using CalPERS' membership
data for all funds
Pre-Retirement Turnover (2) According to the termination rates under the 2017 experience study for the
CalPERS pension plan.

Healthcare Trend Rate 4.00%
Asset Class
Target
Allocation
Long-term
Expected Real
Rate of Return
All US Domestic Stock 50.0% 7.545%
Long-Term Corporate Bonds 50.0% 5.045%
Total 100.0%
76 Attachment 1
City of Coronado Page 152

CITY OF CORONADO
NOTES TO THE FINANCIAL STATEMENTS (Continued)
Note 11: POST EMPLOYMENT HEALTH BENEFITS (Continued):

Based on those assumptions, the OPEB plan’s fiduciary net position was projected to be available to make all projected OPEB payments for current active and inactive employees and beneficiaries. Therefore, the long-term expected rate of return on OPEB plan investments was applied to all periods of projected benefit payments to determine the total OPEB liability. The City does not currently have a pre-funding policy or practice for additional prefunding but also does not reimburse its current retiree payments from the 115 Trust. The projection of cash flows used to determine the discount rate assumed that no future pre-funding contributions are made to the 115 Trust.

Changes in OPEB Liability:

The changes in the net OPEB liability for the City’s plan were as follow:

Sensitivity of the Net OPEB Liability to Changes in the Discount Rate:

The following presents the net OPEB liability of the City if it were calculated using a discount rate that is one percentage lower or one percentage point higher than the current rate, for measurement period ended June 30, 2021:

Total OPEB
Liability
(a)
Plan Fiduciary Net
Position
(b)
Net OPEB
Liability/(Asset)
(c) = (a) - (b)
Balance at June 30, 2020 (Measurement Date) $ 2,884,859$ 2,054,149$ 4,939,008 Changes recognized for measurement period:

Service cost - 173,954 173,954
Interest - 341,378 341,378
Differences between expected and actual experience - (75,081) (75,081) Changes of assumptions - 574,156 574,156
Benefit payments, including refunds for member contributions - (259,793) (259,793) Plan fiduciary net position:

Contributions - employer 259,793 - (259,793)
Net investment income - 658,699 (658,699)
Benefit payments, including refunds of member contributions - 259,793 (259,793) Administrative expenses - 16,548 (16,548)
Net Changes During FY 2020-21 642,151 754,614 112,463
Balance at June 30, 2021 (Measurement Date) $ 5,693,622 $ 3,527,010 $ 2,166,612 Increase (Decrease)
Discount Rate -
1%

4.75%
Current Discount
Rate

5.75%
Discount rate +1%

6.75%
Net OPEB Liability $ 2,166,612$ 1,596,228 2,848,599 $
77 Attachment 1
City of Coronado Page 153

CITY OF CORONADO
NOTES TO THE FINANCIAL STATEMENTS (Continued)
Note 11: POST EMPLOYMENT HEALTH BENEFITS (Continued):

Sensitivity of the Net OPEB Liability to Changes in the Health Care Cost Trend Rates:

The following presents the Net OPEB liability of the City if it were calculated using healthcare cost trend rates that are one percentage point lower or one percentage point higher than the current rate, for measurement period ended June 30, 2021:

OPEB Plan Fiduciary Net Position:

The OPEB Plan Fiduciary Net Position is issued by PARS through their financial statements, which are publicly available and can be obtained by contacting PARS online at www.pars.org.

Amortization of Deferred Outflows and Deferred Inflows of Resources:

Gains and losses related to changes in total OPEB liability and fiduciary net position are recognized in OPEB expense systematically over time. Amounts are first recognized in OPEB expense for the year the gain or loss occurs. The remaining amounts are categorized as deferred outflows and deferred inflows of resources related to OPEB and are to be recognized in future OPEB expense. Deferred Outflows / (Inflows) of Resources represents the following items that have not been recognized in the OPEB Expense:

1. Differences between expected and actual experience of the OPEB plan.

2. Changes of assumptions.

3. Differences between projected and actual earnings in OPEB plan investments (for funded plans only).

The initial amortization period for the first two items noted above is based on expected future service lives while the difference between the projected and actual earnings in OPEB plan investment is amortized over five years. All balances are amortized linearly on a principal only basis and new bases will be created annually for each of the items above.

OPEB Expense and Deferred Outflows/Inflows of Resources Related to OPEB:

For the fiscal year ended June 30, 2022, the City recognized OPEB expense of $593,306. As of June 30, 2022, the City reported deferred outflows and inflows of resources related to OPEB from the following sources:
1% Decrease

3.0%
Current Healthcare
Cost Trend Rates

4.0%
1% Increase

5.0%
Net OPEB Liability $ 2,166,612$ 2,995,961$ 1,491,224
78 Attachment 1
City of Coronado Page 154

CITY OF CORONADO
NOTES TO THE FINANCIAL STATEMENTS (Continued)
Note 11: POST EMPLOYMENT HEALTH BENEFITS (Continued):

The $287,925 reported as deferred outflows related to contributions subsequent to the June 30, 2021 measurement date will be recognized as a reduction of the net OPEB liability during the fiscal year ending June 30, 2023. Other amounts reported as deferred outflows or deferred (inflows) of resources related to OPEB will be recognized as pension expense as follows:

Note 12: DEFERRED COMPENSATION SAVINGS PLAN:

For the benefit of its employees, the City participates in a 457 Deferred Compensation Program. The purpose of this program is to provide deferred compensation for public employees that elect to participate. Eligible employees may defer receipt of a portion of their salary until termination, retirement, death or unforeseeable emergency.

Federal law requires deferred compensation assets to be held in trust for the exclusive benefit of the participants. Accordingly, the City is in compliance with this legislation. Therefore, these assets are not the legal property of the City and are not subject to claims of the City's general creditors. The fair value of the plan assets held in trust by ICMA Retirement Corporation, at June 30, 2022, was $30,042,567. Since the City has little administrative involvement and does not perform the investing function for this plan, the assets and related liabilities are not shown on the statement of net position of the City.

Deferred
Outflows of
Resources
Deferred
Inflows of
Resources
OPEB contributions subsequent to measurement
date $ 287,925 $ -
Changes of assumptions 517,308 63,062
Differences between expected and actuarial
experience 296,358 125,150
Net difference between projected and actual
earnings on OPEB plan investments - 300,099
$ 1,101,591 $ 488,311
Fiscal Year Ending
June 30:

Deferred
Outflows/(Inflows)
of Resources
2023 $ 25,836
2024 36,127
2025 27,973
2026 8,057
2027 41,199
Thereafter 186,163
79 Attachment 1
City of Coronado Page 155

CITY OF CORONADO
NOTES TO THE FINANCIAL STATEMENTS (Continued)
Note 13: LITIGATIONS, COMMITMENTS, AND CONTINGENT LIABILITIES:

At June 30, 2022, the City was involved as a defendant in several lawsuits and claims arising out of the ordinary conduct of its affairs. It is the opinion of management and the City’s legal counsels handling these actions that settlement of these lawsuits and claims, if any, will not have a material effect on the financial position of the City.

Note 14: CONSTRUCTION COMMITMENTS:

The total amount of the outstanding construction commitments at June 30, 2022 was $1,178,570.

Note 15: ECONOMIC DEPENDENCY:

The City collects transient occupancy and sales taxes from various hotels/motels operating within the City. The transient occupancy and sales taxes amounted to 35% of the General Fund’s total revenues for the year ended June 30, 2022. The City has obtained business interruption insurance covering the potential loss of revenue from the four largest hotels in the City.

Note 16: CORONADO TOURISM IMPROVEMENT DISTRICT:

The Coronado Tourism Improvement District (CTID) was established in July 2010 to increase the number of overnight guests at Coronado hotels, in addition to improve revenue for local tourism-based businesses through advertising, marketing and public relations campaigns.

Funding does not come from the City of Coronado, rather it comes from a 0.50% (percent) transient rent assessment of the four largest hotels in Coronado. In July 2011, CTID became a 501(c)(6) non-profit entity, with a nine-person Advisory Board assembled to evaluate, approve, and advise the City of Coronado.

On May 5, 2015, the Coronado Tourism Improvement District II (CTID II) was established to further provide a stable and dedicated source of funding for marketing and promotion efforts that directly benefit the assessed hotels. Similar to the CTID, funding comes from a 0.50% (percent) transient rent assessment of the four largest hotels in Coronado. The CTID II levied assessments became effective July 1, 2015.
80 Attachment 1
City of Coronado Page 156

CITY OF CORONADO
NOTES TO THE FINANCIAL STATEMENTS (Continued)
Note 17: TAX ABATEMENTS:

The Mills Act is an economic incentive program in California for the restoration and preservation of qualified historic buildings by private property owners. Enacted in 1972, the Mills Act legislation grants participating local governments the authority to enter into contracts with owners of qualified historic properties who actively participate in the restoration and maintenance of their historic properties while receiving property tax relief.

The Mills Act Program was adopted by the City Council in 2000 by Resolution No. 7736. A fiscal cap was placed on the program to control the lost property tax revenue to the City and former Community Development Agency. The City Council authorized a maximum property tax loss of $15,000 for the “Program Start” and $5,000 additional property tax losses per year for “Program Growth” up to 2005. In August 2004, the City Council voted to increase the annual increment to a $10,000 per year, and in 2007, the City Council voted to increase the dollar amount of new Mills Act Agreements approved annually to $15,000.

At its October 4, 2011 meeting, the City Council adopted Resolution No. 8524 implementing a change to the Mills Act Program that sets the maximum savings that a property owner receives with a Mills Act Agreement at 50% of the current property tax for Mills Act applications received beginning January 1, 2012. As of June 30, 2022, the City has contracts with 179 property owners under the Mills Act provisions. Estimated loss from the Mills Act contracts are as follows:

Note 18: WASTEWATER TREATMENT REFUND:

The City is a participant in the Metropolitan Wastewater Joint Powers Authority (JPA), for wastewater treatment. Pursuant to the terms of the JPA, the City pays an equal quarterly predetermined amount calculated in advance of each fiscal year by the City of San Diego.

Based on actual flow of wastewater and other engineering factors, the City of San Diego reconciles amounts paid by the City to the actual costs incurred, which could result in an additional amount due to or from the City of San Diego. In the current fiscal year, the City recognized $1,868,064 in revenue for the refund for wastewater treatment costs paid during FY 2018-19. The City is unable to estimate potential refund or amount due to City of San Diego for fiscal years 2019-20, 2020-21 and 2021-22.

Mills Act
Contracted Value Market Value Difference
Estimated Revenue
Loss
$ 178,093,485 $ 325,921,794 $ 147,828,309 $ 461,717
81 Attachment 1
City of Coronado Page 157

CITY OF CORONADO
NOTES TO THE FINANCIAL STATEMENTS (Continued)
Note 19: SUCCESSOR AGENCY TRUST FOR ASSETS OF THE FORMER REDEVELOPMENT AGENCY:

On December 29, 2011, the California Supreme Court upheld Assembly Bill 1X 26 (“the Bill”) that provides for the dissolution of all redevelopment agencies in the State of California. This action impacted the reporting entity of the City that previously had reported a community redevelopment agency within the reporting entity of the City as a blended component unit. The Bill provides that upon dissolution of a community redevelopment agency, a “successor agency” is to be established to hold the assets until they are distributed to other units of state and local government.

The City Council elected to become the Successor Agency for the former community redevelopment agency in accordance with the Bill.

After enactment of the law, which occurred on June 28, 2011, community redevelopment agencies in the State of California cannot enter into new projects, obligations, or commitments.

Subject to the control of a newly established oversight board, remaining assets can only be used to pay enforceable obligations in existence at the date of dissolution (including the completion of any unfinished projects that were subject to legally enforceable contractual commitments).

Successor agencies will only be allocated revenue in the amount that is necessary to pay the estimated annual installment payments on enforceable obligations of the former community redevelopment agency until all enforceable obligations of the prior community redevelopment agency have been paid in full and all assets have been liquidated.

Additional information regarding the Successor Agency is as follows:
a. Cash and Investments:

Cash and investments reported in the accompanying financial statements were $26,749,103 as of June 30, 2022. See Note 2 for further information regarding the City’s cash and investments as it also relates to the Successor Agency. b. Capital Assets:

A summary of changes in capital assets for the year ended June 30, 2022, is as follows:

Balance June 30, 2021 16, $ 067,136
Additions:

Current year additions 1, 338,928
Balance June 30, 2022 17, $ 406,064
Land Purchase
82 Attachment 1
City of Coronado Page 158

CITY OF CORONADO
NOTES TO THE FINANCIAL STATEMENTS (Continued)
Note 19: SUCCESSOR AGENCY TRUST FOR ASSETS OF THE FORMER REDEVELOPMENT AGENCY (Continued):
c. Long-Term Debt:

In October 2018, the former CDA issued the 2018 Tax Allocation Refunding Bond (TARB) issue, to advance refund the 2000 Tax Allocation Bond (TAB), 2003 housing TAB, 2003 TAB, 2005 TAB, 2006 TAB, and City loans to the former CDA.

Bond premiums received on the 2018 Tax Allocation Refunding Bond (TARB) issue of $15,135,782 have been added to long-term debt and are being amortized over the remaining life of the TARB issue.

Long-term debt outstanding of the Successor Agency as of June 30, 2022, follows:

Tax Allocation Bonds:
2018 Tax Allocation Refunding Bonds:

On October 4, 2018, the Successor Agency to the former CDA issued $120,920,000 of series 2018 Tax Allocation Refunding Bonds consisting of $57,150,000 of serial bonds and $63,770,000 of term bonds due on September 1, 2033. The proceeds of the bonds were used to advance refund $2,750,000 of the Series 2000 TAB, $8,365,000 of the Series 2003 Housing TAB, $18,775,000 of the Series 2003 TAB, $46,345,000 of the Series 2005 TAB, $28,185,000 of the Series 2006 TARB, and $32,686,488 of the City loans to the former CDA. As a result, the refunded bonds and City loans are considered defeased and the liability has been removed from the Successor Agency column of the Statement of Fiduciary Net Position. The serial bonds pay interest semi-annually at the rate of 5% and mature from September 2019 through September 2026 with principal amounts ranging from $6,460,000 to $8,345,000. The term bonds pay interest semi-annually at the rate of 5% with $63,770,000 maturing on September 1, 2033. The 2018 TARB are term bonds subject to mandatory redemption on September 1 in each year commencing September 1, 2027 from sinking fund payments made by the Successor Agency to the principal account.

The term bonds are also subject to mandatory redemption in inverse order of sinking fund payments on September 1 of each year from excess pledged tax revenues.

Balance Balance
June 30, 2021 Additions Reductions June 30, 2022
Tax Allocation Bonds (TABs):
2018 Refunding Issue $ - 103,540,000 $ $ (11,335,000) $ 92,205,000 $ 6,860,000 Premium 2018 Issue 12,108,626 - (1,009,052) 11,099,574 - Total Bond and Premium 115,648,626 - (12,344,052) 103,304,574 6,860,000 Other Debt:

Payable to the City of Coronado 58,296 - (2,688) 55,608 2,825 Total Successor Agency $ - 115,706,922 $ $ 103,360,182$ (12,346,740) $ 6,862,825 Due Within
One Year
83 Attachment 1
City of Coronado Page 159

CITY OF CORONADO
NOTES TO THE FINANCIAL STATEMENTS (Continued)
Note 19: SUCCESSOR AGENCY TRUST FOR ASSETS OF THE FORMER REDEVELOPMENT AGENCY (Continued):

The annual requirements to amortize the 2018 TARB at June 30, 2022 are as follows:

The Statement of Fiduciary Net Position reported $872,616 deferred charges on refunding for the old tax allocation bonds that are being amortized over 15 years.

Loans from City of Coronado:

Loans Payoff:

All loans from the City to the former CDA were paid off except for the Life-Guard Tower Improvement Loan, which was created in 2001 and had a balance plus accrued interest of $75,632 on December 31, 2013. The loan is payable bi-annually in June and December of each year in the total amount of $2,785 for 17 years, with an interest rate of 5%. As of June 30, 2022, the loan receivable balance was $55,608. The annual requirements to amortize the Life-guard Tower loan at June 30, 2022, are as follows:

Year Ending June 30, Principal Interest Total
2023 6,860,000$ 4,438,750 $ $ 11,298,750
2024 7,210,000 4,087,000 11,297,000
2025 7,565,000 3,717,625 11,282,625
2026 7,945,000 3,329,875 11,274,875
2027 8,345,000 2,922,625 11,274,875
2028-2032 48,980,000 7,699,000 56,529,625
2033 5,300,000 132,500 16,849,500
Total $ 92,205,000 $ 26,327,375 $ 129,807,250
Year Ending June 30, Principal Interest Total
2023 2,825$ 2,745 $ $ 5,571
2024 2,967 2,603 5,571
2025 3,117 2,453 5,570
2026 3,275 2,295 5,570
2027 3,441 2,129 5,570
2028 - 2032 20,002 7,848 27,853
2033 - 2036 19,981 2,315 27,853
Total $ 55,608 $ 22,388 $ 83,558
84 Attachment 1
City of Coronado Page 160

CITY OF CORONADO
NOTES TO THE FINANCIAL STATEMENTS (Continued)
Note 19: SUCCESSOR AGENCY TRUST FOR ASSETS OF THE FORMER REDEVELOPMENT AGENCY (Continued):
d. Insurance:

The Successor Agency is covered under the City’s insurance policies. Therefore, the limitation and self-insured retentions applicable to the City also apply to the Successor Agency. Additional information as to coverage and self-insured retentions can be found in Note 9.
e. Commitments and Contingencies:

Owner Participation Agreements:

Village Theater:

In August 2008, the former CDA approved the OPA between the former CDA and the potential operator of the Village Theater. Under the terms of the agreement, up to $2,675,000 was obligated for the purpose of completing the rehabilitation of the theater as a three-screen, first-run movie house. The funding by the former CDA is in the form of a grant/loan that will eventually be forgiven provided that the owner continues to operate within the parameters specified in the agreement. As of June 30, 2022, a total amount of $2,608,978 was disbursed, and no more payment will be made under this term of the agreement. In the OPA, the former CDA agreed to pay an amount equal to the difference between the ad valorem taxes levied on the portion of the property occupied by the Theater with respect to the tax year immediately preceding the date the operator commences operation of the Village Theatre as adjusted annually pursuant to Revenue and Taxation Code Section 51 and ad valorem taxes levied with respect to each tax year commencing with the tax year next following the tax year in which the operator commences operation of the Village Theatre. As of June 30, 2022, the current and total ad valorem taxes paid were $43,711 and $290,767, respectively.

Coronado Hospital Land Acquisition:

In January 2009, the former CDA entered into an agreement with the Coronado Hospital Foundation to purchase $20,083,920 in land over a 15-year period. One-fifteenth interest in the property, equal to $1,338,928, will be acquired each year commencing in 2009 and continuing for fourteen additional years. As of June 30, 2022, the total amount of $17,406,064 was disbursed.

85 Attachment 1
City of Coronado Page 161

CITY OF CORONADO
NOTES TO THE FINANCIAL STATEMENTS (Continued)
Note 20: FUND BALANCE:

General
Fund
Capital
Projects
Other
Governmental
Funds
Total
Governmental
Funds
Non-Spendable for the following purposes:

Prepaid costs $ 32,075 $ - $ 18,699 $ 50,774
Notes and loans receivable 1,146,796 - - 1,146,796
Advances given to other funds 5,646,092 - - 5,646,092
Total Non-Spendable 6,824,963 - 18,699 6,843,662
Restricted for the following purposes:

Housing activities - - 921,647 921,647
City public safety - - 180,086 180,086
Culture & Leisure activities - - 7,032,653 7,032,653
Construction & maintenance - - 2,378,229 2,378,229
Planning & building reserve - - 1,413,281 1,413,281
Capital projects 18,715,809 - - 18,715,809
City transportation 159,527 - 6,159,775 6,319,302
PEG fees 277,977 - - 277,977
CalPERS stabilization 12,682,084 - - 12,682,084
Hotel Del Coronado master plan 850,075 - - 850,075
Library endowment (expendable) - - 33,923 33,923
Library endowment (nonexpendable) - - 3,546 3,546
Total Restricted 32,685,472 - 18,123,140 50,808,612
Committed for the following purposes:

Emergency response & economic stabilization 27,616,000 - - 27,616,000 Future capital projects 4,000,000 - - 4,000,000
Historic preservation 500,000 - - 500,000
Total Committed 32,116,000 - - 32,116,000
Assigned to the following purposes:

Planning & building reserve 1,057,870 - - 1,057,870
Liability insurance 1,612,247 - - 1,612,247
Worker's compensation 4,820,122 - - 4,820,122
Vehicle & IT replacement 5,412,759 - - 5,412,759
Construction & maintenance 16,225,397 - - 16,225,397
Capital projects - 32,361,788 - 32,361,788
Solid waste & recycling 96,940 - - 96,940
Culture & Leisure activities 228,238 - - 228,238
Employee benefits 773,881 - - 773,881
Total Assigned 30,227,454 32,361,788 - 62,589,242
Unassigned fund balances 30,705,724 - - 30,705,724
TOTAL FUND BALANCE $ 132,559,613 $ 32,361,788 $ 18,141,839 $ 183,063,240 86 Attachment 1
City of Coronado Page 162

CITY OF CORONADO
NOTES TO THE FINANCIAL STATEMENTS (Continued)
Note 21: PRIOR PERIOD ADJUSTMENT:

The City recognized $223,868 in wastewater utility revenues in advance of earning the revenues in the prior fiscal year. There was an impact of $223,868 on the beginning net position as can be seen in the table below.

Wastewater Utility
Fund
Business-Type
Activities
Net position at July 1, 2021 $ 57,686,973$ 45,597,424
Revenue not earned during fiscal year 2020-21 (223,868) (223,868) Net position at July 1, 2021, restated $ 57,463,105$ 45,373,556 Statement of Revenues, Expenses and
Changes in Net Position
87 Attachment 1
City of Coronado Page 163

THIS PAGE INTENTIONALLY LEFT BLANK
88 Attachment 1
City of Coronado Page 164

CITY OF CORONADO

REQUIRED SUPPLEMENTARY INFORMATION
89 Attachment 1
City of Coronado Page 165

THIS PAGE INTENTIONALLY LEFT BLANK
90 Attachment 1
City of Coronado Page 166

CITY OF CORONADO

BUDGETARY COMPARISON SCHEDULE

GENERAL FUND
YEAR ENDED JUNE 30, 2022
Original Final
Actual
Amounts
Revenues:

Taxes $ 52,666,709 $ 54,666,709 $ 61,969,024 $ 7,302,315 Licenses and permits 751,700 751,700 817,934 66,234
Intergovernmental 2,966,500 3,480,980 3,571,157 90,177
Charges for services 3,886,266 3,936,266 4,325,453 389,187 Use of money and property 283,985 314,670 (3,315,151) (3,629,821) Fines and forfeitures 304,100 259,100 220,731 (38,369)
Reimbursements 1,245,000 1,245,000 1,271,128 26,128
Miscellaneous 527,440 660,774 280,904 (379,870)
Total Revenues 62,631,700 65,315,199 69,141,180 3,825,981 Expenditures:

General government:

Legislative 1,357,024 1,357,024 1,393,200 36,176
City Clerk 335,694 335,694 312,751 (22,943)
City Manager 968,831 968,831 845,920 (122,911)
Public Communications 216,501 216,501 161,627 (54,874)
City Hall 1,790,100 1,790,100 930,998 (859,102)
Legal Services 598,000 598,000 865,738 267,738
Administrative Services 5,992,729 5,992,729 4,521,123 (1,471,606) Insurance 1,296,986 1,296,986 1,561,206 264,220
Employee Benefits 158,464 158,464 130,847 (27,617)
Workers Compensation 502,999 502,999 274,358 (228,641)
Public safety:

Police 15,873,617 15,983,617 14,905,027 (1,078,590)
Fire 10,137,031 10,373,031 10,225,353 (147,678)
Culture and leisure:

Recreation 4,422,097 4,636,097 4,196,654 (439,443)
Library 3,428,169 3,428,169 3,130,968 (297,201)
Citizen Donations 8,100 8,100 - (8,100)
Culture Arts 280,778 280,778 210,607 (70,171)
Construction and maintenance:

Public Services 10,368,954 10,518,954 9,687,539 (831,415) Engineering 1,293,457 1,293,457 1,104,737 (188,720)
Solid Waste & Recycling 655,933 655,933 712,849 56,916
Planning and building 3,645,014 3,645,014 3,048,286 (596,728) Capital outlay 2,631,979 2,756,979 588,313 (2,168,666)
Total Expenditures 65,962,457 66,797,457 58,808,101 (7,989,356) Other Financing Sources (Uses):

Transfers out (3,005,000) (3,005,000) (3,505,000) 500,000 Total Other Financing Sources (Uses) (3,005,000) (3,005,000) (3,505,000) 500,000 Net Change in Fund Balances (6,335,757) (4,487,258) 6,828,079 (3,663,375) Budgetary Fund Balance, July 1, 125,731,534 125,731,534 125,731,534 - Budgetary Fund Balances, June 30 $ 110,794,903 $ 113,182,448 $ 132,559,613 $ 12,549,086 Budget Amounts Actual
Over/(Under)
Budget
91 Attachment 1
City of Coronado Page 167

THIS PAGE INTENTIONALLY LEFT BLANK
92 Attachment 1
City of Coronado Page 168

CITY OF CORONADO

NOTES TO REQUIRED SUPPLEMENTARY INFORMATION
Note 1: STEWARDSHIP, COMPLIANCE AND ACCOUNTABILITY:
a. General Budget Policies:
1) The annual budget adopted by the City Council provides for the general operation of the City. It includes proposed expenditures and the means of financing them. 2) The City Council approves total budgeted appropriations and any amendments to appropriations throughout the year. This “appropriated budget” covers substantially all City expenditures, with the exception of debt service on bond issues and capital improvements projects, which expenditures constitute legally authorized “nonappropriated budget”. There were no significant non-budgeted financial activities. Actual expenditures may not exceed budgeted appropriations at the fund level. However, the City Manager is authorized to transfer budgeted amounts between individual accounts within department categories. Budgeted figures used in the financial statements are the final adjusted amounts, including any amendments to the budget during the year. 3) Formal budgetary integration is employed as a management control device. Commitments for materials and services, such as purchase orders and contracts, are recorded during the year as encumbrances to assist in controlling expenditures. Appropriations, which are encumbered at year-end lapse, and then are added to the following year’s budgeted appropriations.
4) Budgets for the General, Special Revenue, Debt Service, and Capital Project Funds are adopted on a basis substantially consistent with generally accepted accounting principles (GAAP). Accordingly, actual revenues and expenditures can be compared with related budgeted amounts without any significant reconciling items. No budgetary comparisons are presented for Proprietary Funds, as the City is not legally required to adopt a budget for these types of funds.
5) Under Article XIIIB of the California Constitution (the Gann Spending Limitation Initiative), the City is restricted as to the amount of annual appropriations from the proceeds of taxes, and if proceeds of taxes exceed allowed appropriations, the excess must either be refunded to the State controller, returned to the taxpayers through revisited tax rates or revised fee schedules, or an excess in one year may be offset against a deficit in the following year. For the fiscal year ended June 30, 2022, based on calculations by City Management, proceeds of taxes did not exceed related appropriations. Further, Section 5 of Article XIIIB allows the City to designate a portion of fund balance for general contingencies, to be used in future years without limitation.

Budgets were not prepared for permanent funds (the Reynolds Endowment, A.B. Fry Trust, Harlow Memorial Rose Garden Trust, Pauline Freedman Bequest, and Ted and Marjorie Stearns), therefore, no budgetary comparison is presented. 93 Attachment 1
City of Coronado Page 169

CITY OF CORONADO

MISCELLANEOUS PLAN

SCHEDULE OF CHANGES IN NET PENSION LIABILITY AND RELATED RATIOS AS OF JUNE 30, FOR THE LAST TEN FISCAL YEARS (1)
MEASUREMENT PERIOD 2021 2020 2019 2018 2017

TOTAL PENSION LIABILITY
Service Cost $ 2,389,728 $ 2,391,239 $ 2,306,052 $ 2,360,874 $ 2,227,244 Interest on Total Pension Liability 8,137,530 7,817,689 7,524,926 7,132,811 6,857,386 Change of Assumptions - - - (567,049) 5,736,873
Difference between Expected and Actual Experience (195,623) (705,472) 577,765 (662,470) (1,538,259) Benefit Payments, Including Refunds of Employee Contributions (5,752,463) (5,325,997) (4,821,072) (4,298,784) (3,840,883) Net Change in Total Pension Liability 4,579,172 4,177,459 5,587,671 3,965,382 9,442,361 Total Pension Liability - Beginning 115,688,599 111,511,140 105,923,469 101,958,087 92,515,726 Total Pension Liability - Ending 120,267,771 115,688,599 111,511,140 105,923,469 101,958,087

PLAN FIDUCIARY NET POSITION
Contribution - Employer 3,388,562 3,031,208 2,728,186 2,399,092 2,231,434 Contribution - Employees 1,043,538 1,050,776 924,629 903,269 897,937 Net Investment Income 20,645,351 4,405,904 5,517,905 6,700,257 7,927,655 Benefit Payments, Including Refunds of Employee Contributions (5,752,463) (5,325,997) (4,821,072) (4,298,784) (3,840,883) Plan to Plan Resource Movement - - - (195) -
Administrative Expense (91,255) (124,502) (59,962) (122,600) (105,663) Other Miscellaneous Income/(Expense) - - 195 (232,819) - Net Change in Fiduciary Net Position 19,233,733 3,037,389 4,289,881 5,348,220 7,110,480 Plan Fiduciary Net Position - Beginning 91,352,187 88,314,798 84,024,917 78,676,697 71,566,217 Plan Fiduciary Net Position - Ending 110,585,920 91,352,187 88,314,798 84,024,917 78,676,697 Plan Net Pension Liability/(Assets) - Ending $ 9,681,851 $ 24,336,412 $ 23,196,342 $ 21,898,552 $ 23,281,390 Plan Fiduciary Net Position as a Percentage of the Total Pension Liability 91.95% 78.96% 79.20% 79.33% 77.17% Covered Payroll $ 12,681,550 $ 12,333,768 $ 12,056,521 $ 11,529,934 $ 11,461,142 Plan Net Pension Liability/(Asset) as a Percentage of Covered Payroll 76.35% 197.32% 192.40% 189.93% 203.13% Notes to the Schedule:

Benefit Changes: The figures above do not include any liability impact that may have resulted from voluntary benefit changes that occurred on or before the Measurement Date. However, offers of Two Years Additional Service Credit (also known as Golden Handshakes) that occurred after the Valuation Date are not included in the figures above, unless the liability impact is deemed to be material by the plan actuary.

Changes of Assumptions: None in 2019 - 2021. In 2018, demographic assumptions and inflation rate were changed in accordance to the CalPERS Experience Study and Review of Assumptions December 2017. There were no changes in the discount rate. In 2017, the discount rate was reduced from 7.65 percent to 7.15 percent. In 2016, there were no changes. In 2015, amounts reported reflect an adjustment of the discount rate from 7.5 percent (net of administrative expense) to 7.65 percent (without a reduction for pension plan administrative expense). In 2014, amounts reported were based on the 7.5 percent discount rate. (1) Historical information is required only for measurement date for which GASB 68 is applicable. Fiscal Year 2014-15 was the first year of implementation, therefore only eight years are shown.
94 Attachment 1
City of Coronado Page 170

CITY OF CORONADO

MISCELLANEOUS PLAN

SCHEDULE OF CHANGES IN NET PENSION LIABILITY AND RELATED RATIOS AS OF JUNE 30, FOR THE LAST TEN FISCAL YEARS (1)
MEASUREMENT PERIOD 2016 2015 2014

TOTAL PENSION LIABILITY
Service Cost $ 2,050,254 $ 2,136,967 $ 2,135,743
Interest on Total Pension Liability 6,635,205 6,329,005 5,985,585 Change of Assumptions - (1,569,684) -
Difference between Expected and Actual Experience (872,772) (430,464) - Benefit Payments, Including Refunds of Employee Contributions (3,758,610) (3,335,867) (3,059,126) Net Change in Total Pension Liability 4,054,077 3,129,957 5,062,202 Total Pension Liability - Beginning 88,461,649 85,331,692 80,269,490 Total Pension Liability - Ending 92,515,726 88,461,649 85,331,692

PLAN FIDUCIARY NET POSITION
Contribution - Employer 2,037,221 1,861,146 1,774,885
Contribution - Employees 860,147 868,026 1,274,150
Net Investment Income 368,490 1,605,975 10,578,622
Benefit Payments, Including Refunds of Employee Contributions (3,758,610) (3,335,867) (3,059,126) Plan to Plan Resource Movement - (84) -
Administrative Expense (43,943) (81,196) -
Other Miscellaneous Income/(Expense) - - -
Net Change in Fiduciary Net Position (536,695) 918,000 10,568,531 Plan Fiduciary Net Position - Beginning 72,102,912 71,184,912 60,616,381 Plan Fiduciary Net Position - Ending 71,566,217 72,102,912 71,184,912 Plan Net Pension Liability/(Assets) - Ending $ 20,949,509 $ 16,358,737 $ 14,146,780 Plan Fiduciary Net Position as a Percentage of the Total Pension Liability 77.36% 81.51% 83.42% Covered Payroll $ 11,413,128 $ 11,595,677 $ 10,762,122
Plan Net Pension Liability/(Asset) as a Percentage of Covered Payroll 183.56% 141.08% 131.45% Notes to the Schedule:
(1) Historical information is required only for measurement date for which GASB 68 is applicable. Fiscal Year 2014-15 was the first year of implementation, therefore only eight years are shown.

In 2016, there were no changes. In 2015, amounts reported reflect an adjustment of the discount rate from 7.5 percent (net of administrative expense) to 7.65 percent (without a reduction for pension plan administrative expense). In 2014, amounts reported were based on the 7.5 percent discount rate. 95 Attachment 1
City of Coronado Page 171

CITY OF CORONADO

MISCELLANEOUS PLAN

SCHEDULE OF PLAN CONTRIBUTIONS
AS OF JUNE 30, FOR THE LAST TEN FISCAL YEARS (1)
2022 2021 2020 2019 2018 2017 2016 2015
Actuarially Determined Contribution $ 3,546,127 $ 3,394,986 $ 3,031,208 $ 2,728,186 $ 2,399,092 $ 2,231,434 $ 2,037,221 $ 1,861,146 Contribution in Relation to the Actuarially Determined
Contribution (3,546,127) (3,394,986) (3,031,208) (2,728,186) (2,399,092) (2,231,434) (2,037,221) (1,861,146) Contribution Deficiency (Excess) $ - $ - $ - $ - $ - $ - $ - $ - Covered Payroll $ 12,531,429 $ 12,681,550 $ 12,333,768 $ 12,056,521 $ 11,529,934 $ 11,461,142 $ 11,413,128 $ 11,595,677 Contributions as Percentage of Covered Payroll 28.30% 26.77% 24.58% 22.63% 20.81% 19.47% 17.85% 16.05% Valuation Date June 30, 2019
Actuarial cost method
Amortization method/period
Asset valuation method
Inflation 2.500%
Salary increases
Payroll growth 2.750%
Investment rate of return
Retirement age
Mortality
(1) Historical information is required only for measurement for which GASB68 is applicable. Fiscal Year 2014-15 was the first year of implementation, therefore only eight years are shown.

7.15% Net of Pension Plan Investment and Administrative Expenses; includes Inflation.

The probabilities of Retirement are based on the 2017 CalPERS Experience Study for the period from 1997 to 2015.

The probabilities of mortality are based on the 2017 CalPERS Experience Study for the period from 1997 to 2015.

Pre-retirement and Post-retirement mortality rates include 15 years of projected mortality improvement using 90% of Scale MP-2016 published by the Society of Actuaries.

Methods and assumptions used to determine contribution rates:

Entry age normal cost method
Level percentage of payroll
Fair value of assets
Varies by entry age and service
96 Attachment 1
City of Coronado Page 172

CITY OF CORONADO

SAFETY PLAN

SCHEDULE OF PROPORTIONATE SHARE OF NET PENSION LIABILITY AS OF JUNE 30, FOR THE LAST TEN FISCAL YEARS (1)
MEASUREMENT PERIOD 2021 2020 2019 2018 2017 2016 2015 2014 Plan's Proportion of the Net Pension
Liability 0.31021% 0.27817% 0.26483% 0.25693% 0.24757% 0.24418% 0.21893% 0.27235% Plan's Proportionate Share of the Net
Pension Liability $ 16,776,858 $ 30,266,162 $ 27,137,047 $ 24,758,824 $ 24,552,568 $ 21,129,139 $ 15,026,989 $ 16,947,023 Plan's Covered Payroll $ 9,010,360 $ 8,669,351 $ 8,106,754 $ 8,066,444 $ 7,831,499 $ 7,668,295 $ 7,315,770 $ 7,002,168 Proportionate Share of the Net Pension
Liability as Percentage of Covered Payroll 186.20% 349.12% 334.75% 306.94% 313.51% 275.54% 205.41% 242.03% Plan Fiduciary Net Position as a Percentage
of the Total Pension Liability 86.8% 75.5% 76.8% 77.6% 77.0% 75.07% 78.40% 79.82% Notes to the Schedule:
(1) Historical information is required only for measurement date for which GASB 68 is applicable. Fiscal Year 2014-15 was the first year of implementation, therefore only eight years are shown.

Benefit Changes: The figures above do not include any liability impact that may have resulted from voluntary benefit changes that occurred on or before the Measurement Date.

However, offers of Two Years Additional Service Credit (also known as Golden Handshakes) that occurred after the Valuation Date are not included in the figures above, unless the liability impact is deemed to be material by the plan actuary.

In 2015, amounts reported reflect an adjustment of the discount rate from 7.5 percent (net of administrative expense) to 7.65 percent (without a reduction for pension plan administrative expense). In 2014, amounts reported were based on the 7.5 percent discount rate. 97 Attachment 1
City of Coronado Page 173

CITY OF CORONADO

SAFETY PLAN

SCHEDULE OF PLAN CONTRIBUTIONS
AS OF JUNE 30, FOR THE LAST TEN FISCAL YEARS (1)
2022 2021 2020 2019 2018 2017 2016 2015
Actuarially Determined Contribution $ 3,959,848 $ 3,603,448 $ 3,191,990 $ 2,802,322 $ 2,417,255 $ 2,374,917 $ 2,172,049 2,027,930 Contribution in Relation to the
Actuarially Determined Contribution (3,959,848) (3,603,448) (3,191,990) (2,802,322) (2,417,255) (2,374,917) (2,172,049) (7,027,930) Contribution Deficiency (Excess) $ - $ - $ - $ - $ - $ - $ - (5,000,000) $ Covered Payroll $ 9,017,916 $ 9,010,360 $ 8,669,351 $ 8,106,754 $ 8,066,444 $ 7,831,499 $ 7,668,295 $ 7,315,770 Contribution as a Percentage of Covered
Payroll 43.91% 39.99% 36.82% 34.57% 29.97% 30.33% 28.33% 96.07% Valuation Date
Actuarial cost method
Amortization method/period
Asset valuation method
Inflation 2.500%
Salary increases
Payroll growth 2.750%
Investment rate of return
Retirement age
Mortality
June 30, 2019
Level percentage of payroll
Fair value of assets
Varies by entry age and service

7.15% Net of Pension Plan Investment and Administrative Expenses; includes Inflation.

The probabilities of Retirement are based on the 2017 CalPERS Experience Study for the period from 1997 to 2015.

The probabilities of mortality are based on the 2017 CalPERS Experience Study for the period from 1997 to 2015.

Pre-retirement and Post-retirement mortality rates include 15 years of projected mortality improvement using 90% of Scale MP-2016 published by the Society of Actuaries.
(1) Historical information is required only for measurement date for which GASB 68 is applicable. Fiscal Year 2014-15 was the first year of implementation, therefore only eight years are shown.

Methods and assumptions used to determine contribution rates:

Entry age normal cost method
98 Attachment 1
City of Coronado Page 174

CITY OF CORONADO

OPEB PLAN

SCHEDULE OF CHANGES IN NET OPEB LIABILITY AND RELATED RATIOS AS OF JUNE 30, FOR THE LAST TEN FISCAL YEARS (1)
MEASUREMENT PERIOD 2021 2020 2019 2018 2017
TOTAL OPEB LIABILITY:

Service Cost $ 173,954 $ 169,298 $ 146,790 $ 142,515 $ 133,192 Interest on Total OPEB Liability 341,378 336,520 291,488 275,261 259,637 Change of Assumptions 574,156 - (110,357) - -
Difference between Expected and Actual Experience (75,081) (73,933) 518,625 - - Benefit Payments, Including Refunds of Employee Contributions (259,793) (257,644) (198,209) (182,274) (175,617) Net Change in Total OPEB Liability 754,614 174,241 648,337 235,502 217,212 Total OPEB Liability - Beginning 4,939,008 4,764,767 4,116,430 3,880,928 3,663,716 Total OPEB Liability - Ending (a) 5,693,622 4,939,008 4,764,767 4,116,430 3,880,928 PLAN FIDUCIARY NET POSITION:

Contribution - Employer 259,793 257,644 198,209 182,274 175,617 Net Investment Income 658,699 95,884 145,328 222,710 267,218 Benefit Payments, Including Refunds of Employee Contributions (259,793) (257,644) (198,209) (182,274) (175,617) Administrative Expense (16,548) (7,011) (15,502) (6,485) (5,939) Net Change in Fiduciary Net Position 642,151 88,873 129,826 216,225 261,279 Plan Fiduciary Net Position - Beginning 2,884,859 2,795,986 2,666,160 2,449,935 2,188,656 Plan Fiduciary Net Position - Ending (b) $ 3,527,010 $ 2,884,859 $ 2,795,986 $ 2,666,160 $ 2,449,935 Plan Net OPEB Liability/(Assets) - Ending (a) - (b) $ 2,166,612 $ 2,054,149 $ 1,968,781 $ 1,450,270 $ 1,430,993 Plan Fiduciary Net Position as a Percentage of the Total OPEB Liability 61.95% 58.41% 58.68% 64.77% 63.13% Covered Payroll $ 22,003,820 $ 20,455,155 $ 19,907,693 $ 19,327,857 $ 18,935,364 Plan Net OPEB Liability/(Asset) as a Percentage of Covered Payroll 9.85% 10.04% 9.89% 7.50% 7.56% (1) Historical information is required only for measurement date for which GASB 68 is applicable. Fiscal Year 2014-15 was the first year of implementation, therefore only five years are shown.
99 Attachment 1
City of Coronado Page 175

CITY OF CORONADO

OPEB PLAN

SCHEDULE OF PLAN CONTRIBUTIONS
AS OF JUNE 30, FOR THE LAST TEN FISCAL YEARS (1)
2022 2021 2020 2019 2018
Actuarially Determined Contribution $ 287,925 $ 259,793 $ 257,644 $ 198,209 $ 184,398 Contribution in Relation to the Actuarially Determined
Contribution (287,925) (259,793) (257,644) (198,209) (184,398) Contribution Deficiency (Excess) $ - $ - $ - $ - $ -
Covered Payroll $ 22,265,804 $ 22,003,820 $ 20,455,155 $ 19,907,693 $ 19,327,857 Contributions as Percentage of Covered Payroll 1.29% 1.18% 1.26% 1.00% 0.95% Valuation Date
Actuarial cost method
Amortization method/period
Asset valuation method Market value
Inflation 2.50%
Payroll growth
Investment rate of return
Retirement age
Mortality The probabilities of mortality are based on the 2017 CalPERS Experience Study for the period from 1997 to 2015. Pre-retirement and Post-retirement mortality rates include 15 years of projected mortality improvement using 90% of Scale MP-2016 published by the Society of Actuaries.
(1) Historical information is required only for measurement date for which GASB 68 is applicable. Fiscal Year 2014-15 was the first year of implementation, therefore only five years are shown.

According to the retirement rates under the most recent CalPERS pension plan valuation. According to the following retirement tables:

Miscellaneous Tier 1: 3% @60
Miscellaneous Tier 2: 2.0% @62
Police Tier 1: 3% @50
Police Tier 2: 2.7% @57
Firefighter Tier 1: 3% @50
Firefighter Tier 2: 2.7% @57
June 30, 2021
Entry age normal cost method
Level percentage of payroll over a closed rolling 15-year period

2.75% plus merit scale

5.75% per annum net of expenses
Methods and assumptions used to determine contribution rates:
100 Attachment 1
City of Coronado Page 176

CITY OF CORONADO

COMBINING AND INDIVIDUAL FUND

STATEMENTS AND SCHEDULES
101 Attachment 1
City of Coronado Page 177

THIS PAGE INTENTIONALLY LEFT BLANK
102 Attachment 1
City of Coronado Page 178

CITY OF CORONADO

SPECIAL REVENUE FUNDS
Special Revenue Funds account for specific taxes and other revenue sources set aside in accordance with law or administrative regulation for a specific purpose.

Gas Tax – Accounts for state gasoline taxes received by the City. These funds may be used for street maintenance, right-of-way acquisition and street construction.

TransNet – Accounts for revenues from a one-half of one percent sales tax levied in San Diego County.

Expenditures can be used only for construction and maintenance of city streets.

Transportation Development – Accounts for funds received from Transportation Development Act’s Article 4 and Article 8.

Federal and State Grants – Accounts for the funds received from various grants, such as the State Recreation Program.

Public Safety – Accounts for proceeds of sales and assets that have been seized by law enforcement agencies during the investigation of criminal activities. These monies and the interest derived therefrom are used for the prevention, investigation, apprehension and prosecution of drug and other criminal law violators.

Library – Accounts for revenues from citizens gifts to the library. Expenditures are used for library programs enhancement.

Community Development Block Grant – Accounts for funds expended on specific community improvement programs and reimbursed from state or federal agencies.

Affordable Housing – Accounts for revenues collected and expenditures incurred in managing affordable housing.

Affordable Housing in Lieu – Accounts for revenues collected and expenditures incurred for the affordable housing in lieu fees program.

Coronado Tidelands – Accounts for revenues received through concession payments and slip rentals from Tideland area restaurants.
103 Attachment 1
City of Coronado Page 179

CITY OF CORONADO

PERMANENT FUNDS
A.B. Fry and Harlow Memorial Rose Garden Trusts – Accounts for principal and interest to be used for library improvements, and maintenance of the Harlow Memorial Rose Garden of the Library.

Pauline Freedman Bequest and Reynolds Endowment – Accounts for principal and interest income to be used for library improvements.

Ted and Marjorie Stearns Endowment – Accounts for the principal and interest income to be used for new children’s fictional and non-fictional books at the Coronado Library. 104 Attachment 1
City of Coronado Page 180

THIS PAGE INTENTIONALLY LEFT BLANK
105 Attachment 1
City of Coronado Page 181

CITY OF CORONADO

COMBINING BALANCE SHEET

NON-MAJOR GOVERNMENTAL FUNDS
JUNE 30, 2022
Gas Tax TransNet
Transportation
Development
Federal & State
Grants Public Safety
Assets:

Cash and investments $ 2,195,644 $ 184,486 $ 6,299,549 $ 159,453 - $ Accounts, grants and taxes receivable 87,380 468,600 - 214,939 - Notes receivable - - - - -
Interest receivable - - - - -
Allowance for uncollectible receivables - - - - -
Total Assets $ 2,283,024 $ 653,086 $ 6,299,549 $ 214,939 $ 159,453 Liabilities and Fund Balances:

Liabilities:

Accounts payable $ 89,282 $ 468,599 $ 139,774 $ - $ -
Deposits payable - - - - -
Due to other funds - - - 194,306 -
Total Liabilities 89,282 468,599 139,774 194,306 -
Fund Balances:

Non-spendable - - - - -
Restricted 2,193,742 184,487 6,159,775 20,633 159,453
Total Fund Balances 2,193,742 184,487 6,159,775 20,633 159,453 Total Liabilities and Fund Balances $ 2,283,024 $ 653,086 $ 6,299,549 $ 214,939 $ 159,453 Special Revenue Funds
106 Attachment 1
City of Coronado Page 182

CITY OF CORONADO

COMBINING BALANCE SHEET

NON-MAJOR GOVERNMENTAL FUNDS
JUNE 30, 2022
Assets:

Cash and investments
Accounts, grants and taxes receivable
Notes receivable
Interest receivable
Allowance for uncollectible receivables
Total Assets
Liabilities and Fund Balances:

Liabilities:

Accounts payable
Deposits payable
Due to other funds
Total Liabilities
Fund Balances:

Non-spendable
Restricted
Total Fund Balances
Total Liabilities and Fund Balances
Library
Community
Development
Block Grant
Affordable
Housing
Affordable
Housing in Lieu
Coronado
Tidelands
$ 921,304 $ 10,485 $ 140,000 $ 1,392,315 $ 6,177,409
- 10,481 500 - 6,385
- - 6,267,883 - -
- - 3,940,044 - -
- - (9,407,927) - -
$ 921,304 $ 20,966 $ 940,500 $ 1,392,315 $ 6,183,794
$ 454 $ - $ 18,853 $ - $ 25,955
- - - - 46,036
- - - - -
454 - 18,853 - 71,991
- - - - -
920,850 20,966 921,647 1,392,315 6,111,803
920,850 20,966 921,647 1,392,315 6,111,803
$ 921,304 $ 20,966 $ 940,500 $ 1,392,315 $ 6,183,794
(Continued)
Special Revenue Funds
107 Attachment 1
City of Coronado Page 183

CITY OF CORONADO

COMBINING BALANCE SHEET

NON-MAJOR GOVERNMENTAL FUNDS
JUNE 30, 2022
Assets:

Cash and investments
Accounts, grants and taxes receivable
Notes receivable
Interest receivable
Allowance for uncollectible receivables
Total Assets
Liabilities and Fund Balances:

Liabilities:

Accounts payable
Deposits payable
Due to other funds
Total Liabilities
Fund Balances:

Non-spendable
Restricted
Total Fund Balances
Total Liabilities and Fund Balances
A.B Fry &
Harlow Memorial
Rose Garden
Trusts
Pauline Freedman
Bequest &
Reynolds
Endowment
Ted and Marjorie
Stearns
Endowment
Total Nonmajor
Governmental
Funds
$ 7,084 $ 33,931 $ 15,153 $ 17,536,813
- - - 788,285
- - - 6,267,883
- - - 3,940,044
- - - (9,407,927)
$ 7,084 $ 33,931 $ 15,153 $ 19,125,098
$ - $ - $ - $ 742,917
- - - 46,036
- - - 194,306
- - - 983,259
3,546 - 15,153 18,699
3,538 33,931 - 18,123,140
7,084 33,931 15,153 18,141,839
$ 7,084 $ 33,931 $ 15,153 $ 19,125,098
(Concluded)
Permanent Funds
108 Attachment 1
City of Coronado Page 184

THIS PAGE INTENTIONALLY LEFT BLANK
109 Attachment 1
City of Coronado Page 185

CITY OF CORONADO

COMBINING STATEMENT OF REVENUES,

EXPENDITURES AND CHANGES IN FUND BALANCES

NON-MAJOR GOVERNMENTAL FUNDS
YEAR ENDED JUNE 30, 2022
Gas Tax TransNet
Transportation
Development
Federal & State
Grants Public Safety
Revenues:

Intergovernmental $ 924,924 $ 947,642 $ 4,679 $ 19,076 $ 5,766 Charges for services - 12,919 - - -
Use of money and property (54,683) (4,462) (148,679) 81 (4,266) Reimbursements - - 242,595 - -
Miscellaneous - - - - -
Total Revenue 870,241 956,099 98,595 19,157 1,500
Expenditures:

Current:

Public safety - - - 33,755 11,492
Construction and maintenance 296,808 - 229,622 - -
Culture and leisure - - - - -
Planning and building services - - - - -
Capital outlay 880,909 847,641 122,601 - -
Total Expenditures 1,177,717 847,641 352,223 33,755 11,492 (307,476) 108,458 (253,628) (14,598) (9,992)
Net Change in Fund Balances (307,476) 108,458 (253,628) (14,598) (9,992) Fund Balances, Beginning of the Year 2,501,218 76,029 6,413,403 35,231 169,445 Fund Balances, End of Year $ 2,193,742 $ 184,487 $ 6,159,775 $ 20,633 $ 159,453 Special Revenue Funds
Excess (Deficiency) of Revenues Over (Under) Expenditures 110 Attachment 1
City of Coronado Page 186

CITY OF CORONADO

COMBINING STATEMENT OF REVENUES,

EXPENDITURES AND CHANGES IN FUND BALANCES

NON-MAJOR GOVERNMENTAL FUNDS
YEAR ENDED JUNE 30, 2022
Revenues:

Intergovernmental
Charges for services
Use of money and property
Reimbursements
Miscellaneous
Total Revenue
Expenditures:

Current:

Public safety
Construction and maintenance
Culture and leisure
Planning and building services
Capital outlay
Total Expenditures
Net Change in Fund Balances
Fund Balances, Beginning of the Year
Fund Balances, End of Year
Excess (Deficiency) of Revenues Over (Under) Expenditures Library
Community
Development Block
Grant Affordable Housing
Affordable Housing
in Lieu Coronado Tidelands
$ 47,640$ -$ - $ - $ -
- - - 98,000 1,615,411
(19,900) (320) 29,176 (46,561) (146,819)
- - - - -
23,292 - 500 - -
3,392 47,320 29,676 51,439 1,468,592
- - - - -
- - - - -
52,183 - - - 719,335
- - 97,330 - -
- 40,270 1,981,396 576,069 -
52,183 40,270 2,078,726 576,069 719,335
(48,791) 7,050 (2,049,050) (524,630) 749,257
(48,791) 7,050 (2,049,050) (524,630) 749,257
969,641 13,916 2,970,697 1,916,945 5,362,546
$ 920,850 $ 20,966 $ 921,647 $ 1,392,315 $ 6,111,803
(Continued)
Special Revenue Funds
111 Attachment 1
City of Coronado Page 187

CITY OF CORONADO

COMBINING STATEMENT OF REVENUES,

EXPENDITURES AND CHANGES IN FUND BALANCES

NON-MAJOR GOVERNMENTAL FUNDS
YEAR ENDED JUNE 30, 2022
Revenues:

Intergovernmental
Charges for services
Use of money and property
Reimbursements
Miscellaneous
Total Revenue
Expenditures:

Current:

Public safety
Construction and maintenance
Culture and leisure
Planning and building services
Capital outlay
Total Expenditures
Net Change in Fund Balances
Fund Balances, Beginning of the Year
Fund Balances, End of Year
Excess (Deficiency) of Revenues Over (Under) Expenditures A.B Fry & Harlow
Memorial Rose
Garden Trusts
Pauline Freedman
Bequest & Reynolds
Endowment
Ted and Marjorie
Stearns Endowment
Total Nonmajor
Governmental
Funds
$ - $ - $ - $ 1,949,727
- - - 1,726,330
(168) (800) (358) (397,759)
- - - 242,595
- - - 23,792
(168) (800) (358) 3,544,685
- - - 45,247
- - - 526,430
- - - 771,518
- - - 97,330
- - - 4,448,886
- - - 5,889,411
(168) (800) (358) (2,344,726)
(168) (800) (358) (2,344,726)
7,252 34,731 15,511 20,486,565
$ 7,084 $ 33,931 $ 15,153 $ 18,141,839
(Concluded)
Permanent Funds
112 Attachment 1
City of Coronado Page 188

CITY OF CORONADO

BUDGETARY COMPARISON SCHEDULE

GAS TAX
YEAR ENDED JUNE 30, 2022
Original Final Actual Amounts
Revenues:

Intergovernmental $ 1,122,718 $ 1,122,718 $ 924,924 $ (197,794) Use of money and property 6,420 6,420 (54,683) (61,103) Total Revenues 1,129,138 1,129,138 870,241 (258,897)
Expenditures:

Construction and maintenance 332,810 332,810 296,808 (36,002) Capital outlay 742,156 1,182,670 880,909 (301,761)
Total Expenditures 1,074,966 1,515,480 1,177,717 (337,763) Net Change in Fund Balance 54,172 (386,342) (307,476) 78,866 Budgetary Fund Balance, July 1 2,501,218 2,501,218 2,501,218 - Budgetary Fund Balance, June 30 $ 2,555,390 $ 2,114,876 $ 2,193,742 $ 78,866 Budget Amounts Over/(Under)
Budget
113 Attachment 1
City of Coronado Page 189

CITY OF CORONADO

BUDGETARY COMPARISON SCHEDULE

TRANSNET
YEAR ENDED JUNE 30, 2022
Original Final Actual Amounts
Revenues:

Intergovernmental $ 678,000 $ 678,000 $ 947,642 $ 269,642 Charges for services 17,000 17,000 12,919 (4,081)
Use of money and property 320 320 (4,462) (4,782)
Total Revenues 695,320 695,320 956,099 260,779
Expenditures:

Construction and maintenance 103,991 103,991 - (103,991) Capital outlay 3,967,318 3,967,318 847,641 (3,119,677)
Total Expenditures 4,071,309 4,071,309 847,641 (3,223,668) Net Change in Fund Balance (3,375,989) (3,375,989) 108,458 3,484,447 Budgetary Fund Balance, July 1 76,029 76,029 76,029 -
Budgetary Fund Balance, June 30 $ (3,299,960) $ (3,299,960) $ 184,487 $ 3,484,447 Budget Amounts Actual
Over/(Under)
114 Attachment 1
City of Coronado Page 190

CITY OF CORONADO

BUDGETARY COMPARISON SCHEDULE

TRANSPORTATION DEVELOPMENT
YEAR ENDED JUNE 30, 2022
Original Final Actual Amounts
Revenues:

Intergovernmental $ - $ - $ 4,679 $ 4,679
Use of money and property 16,080 16,080 (148,679) (164,759) Reimbursements 235,000 235,000 242,595 7,595
Total Revenues 251,080 251,080 98,595 (152,485)
Expenditures:

Construction and maintenance 210,000 210,000 229,622 19,622 Capital outlay 5,413,224 5,413,224 122,601 (5,290,623)
Total Expenditures 5,623,224 5,623,224 352,223 (5,271,001) Net Change in Fund Balance (5,372,144) (5,372,144) (253,628) 5,118,516 Budgetary Fund Balance, July 1 6,413,403 6,413,403 6,413,403 - Budgetary Fund Balance, June 30 $ 1,041,259 $ 1,041,259 $ 6,159,775 $ 5,118,516 Budget Amounts Actual
Over/(Under)
115 Attachment 1
City of Coronado Page 191

CITY OF CORONADO

BUDGETARY COMPARISON SCHEDULE

FEDERAL & STATE GRANTS
YEAR ENDED JUNE 30, 2022
Original Final Actual Amounts
Revenues:

Intergovernmental $ 38,085 $ 38,085 $ 19,076 $ (19,009) Use of money and property 20 20 81 61
Total Revenues 38,105 38,105 19,157 (18,948)
Expenditures:

Public safety 38,285 38,285 33,755 (4,530)
Total Expenditures 38,285 38,285 33,755 (4,530)
Net Change in Fund Balance (180) (180) (14,598) (14,418) Budgetary Fund Balance, July 1 35,231 35,231 35,231 -
Budgetary Fund Balance, June 30 $ 35,051 $ 35,051 $ 20,633 $ (14,418) Budget Amounts Actual
Over/(Under)
116 Attachment 1
City of Coronado Page 192

CITY OF CORONADO

BUDGETARY COMPARISON SCHEDULE

PUBLIC SAFETY
YEAR ENDED JUNE 30, 2022
Original Final Actual Amounts
Revenues:

Intergovernmental $ - $ 5,000 $ 5,766 $ 766
Use of money and property 720 720 (4,266) (4,986)
Total Revenues 720 5,720 1,500 (4,220)
Expenditures:

Public safety 44,170 44,170 11,492 (32,678)
Total Expenditures 44,170 44,170 11,492 (32,678)
Net Change in Fund Balance (43,450) (38,450) (9,992) 28,458 Budgetary Fund Balance, July 1 169,445 169,445 169,445 - Budgetary Fund Balance, June 30 $ 125,995 $ 130,995 $ 159,453 $ 28,458 Budget Amounts Actual
Over/(Under)
117 Attachment 1
City of Coronado Page 193

CITY OF CORONADO

BUDGETARY COMPARISON SCHEDULE

LIBRARY
YEAR ENDED JUNE 30, 2022
Original Final Actual Amounts
Revenues:

Use of money and property $ 2,150 $ 2,150 $ (19,900) $ (22,050) Miscellaneous 26,500 26,500 23,292 (3,208)
Total Revenues 28,650 28,650 3,392 (25,258)
Expenditures:

Culture and leisure 110,500 110,500 52,183 (58,317)
Total Expenditures 110,500 110,500 52,183 (58,317)
Net Change in Fund Balance (81,850) (81,850) (48,791) 33,059 Budgetary Fund Balance, July 1 969,641 969,641 969,641 - Budgetary Fund Balance, June 30 $ 887,791 $ 887,791 $ 920,850 $ 33,059 Budget Amounts Actual
Over/(Under)
118 Attachment 1
City of Coronado Page 194

CITY OF CORONADO

BUDGETARY COMPARISON SCHEDULE

COMMUNITY DEVELOPMENT BLOCK GRANT
YEAR ENDED JUNE 30, 2022
Original Final Actual Amounts
Revenues:

Intergovernmental $ 76,880 $ 76,880 $ 47,640 $ (29,240) Use of money and property 30 30 (320) (350)
Total Revenues 76,910 76,910 47,320 (29,590)
Expenditures:

Capital outlay 149,124 149,124 40,270 (108,854)
Total Expenditures 149,124 149,124 40,270 (108,854)
Net Change in Fund Balance (72,214) (72,214) 7,050 79,264 Budgetary Fund Balance, July 1 13,916 13,916 13,916 -
Budgetary Fund Balance, June 30 $ (58,298) $ (58,298) $ 20,966 $ 13,702 Budget Amounts Actual
Over/(Under)
119 Attachment 1
City of Coronado Page 195

CITY OF CORONADO

BUDGETARY COMPARISON SCHEDULE

AFFORDABLE HOUSING
YEAR ENDED JUNE 30, 2022
Original Final Actual Amounts
Revenues:

Use of money and property $ 25,700 $ 25,700 $ 29,176 $ 3,476 Miscellaneous - - 500 500
Total Revenues 25,700 25,700 29,676 3,976
Expenditures:

Planning and building services 797,920 797,920 97,330 (700,590) Capital outlay - 1,970,000 1,981,396 11,396
Total Expenditures 797,920 2,767,920 2,078,726 (689,194) Net Change in Fund Balance (772,220) (2,742,220) (2,049,050) 693,170 Budgetary Fund Balance, July 1 2,970,697 2,970,697 2,970,697 - Budgetary Fund Balance, June 30 $ 2,198,477 $ 228,477 $ 921,647 $ 693,170 Budget Amounts Actual
Over/(Under)
120 Attachment 1
City of Coronado Page 196

CITY OF CORONADO

BUDGETARY COMPARISON SCHEDULE

AFFORDABLE HOUSING IN LIEU
YEAR ENDED JUNE 30, 2022
Original Final Actual Amounts
Revenues:

Charges for services $ 50,000 $ 50,000 $ 98,000 $ 48,000 Use of money and property 4,760 4,760 (46,561) (51,321) Total Revenues 54,760 54,760 51,439 (3,321)
Expenditures:

Capital outlay - 580,000 576,069 (3,931)
Total Expenditures - 580,000 576,069 (3,931)
Net Change in Fund Balance 54,760 (525,240) (524,630) 610 Budgetary Fund Balance, July 1 1,916,945 1,916,945 1,916,945 - Budgetary Fund Balance, June 30 $ 1,971,705 $ 1,391,705 $ 1,392,315 $ 610 Budget Amounts Actual
Over/(Under)
121 Attachment 1
City of Coronado Page 197

CITY OF CORONADO

BUDGETARY COMPARISON SCHEDULE

CORONADO TIDELANDS
YEAR ENDED JUNE 30, 2022
Original Final Actual Amounts
Revenues:

Charges for services $ 1,239,000 $ 1,239,000 $ 1,615,411 $ 376,411 Use of money and property 12,440 12,440 (146,819) (159,259) Total Revenues 1,251,440 1,251,440 1,468,592 217,152
Expenditures:

Culture and leisure 801,138 801,138 719,335 (81,803)
Total Expenditures 801,138 801,138 719,335 (81,803)
Net Change in Fund Balance 450,302 450,302 749,257 298,955 Budgetary Fund Balance, July 1 5,362,546 5,362,546 5,362,546 - Budgetary Fund Balance, June 30 $ 5,812,848 $ 5,812,848 $ 6,111,803 $ 298,955 Budget Amounts
Actual
Over/(Under)
Budget
122 Attachment 1
City of Coronado Page 198

CITY OF CORONADO

BUDGETARY COMPARISON SCHEDULE

CAPITAL PROJECTS FUNDS
YEAR ENDED JUNE 30, 2022
Original Final Actual Amounts
Revenues:

Use of money and property $ - $ - $ 76,020 $ 76,020
Total Revenues - - 76,020 76,020
Expenditures:

Capital outlay 5,736,063 5,736,063 900,017 (4,836,046)
Total Expenditures 5,736,063 5,736,063 900,017 (4,836,046) Excess (Deficiency) of Revenues
Over (Under) Expenditures (5,736,063) (5,736,063) (823,997) 4,912,066 Other Financing Sources (Uses):

Transfers in 2,950,000 2,950,000 3,005,000 55,000
Total Other Financing Sources (Uses) 2,950,000 2,950,000 3,005,000 55,000 Net Change in Fund Balance (2,786,063) (2,786,063) 2,181,003 4,967,066 Budgetary Fund Balance, July 1 30,180,785 30,180,785 30,180,785 - Budgetary Fund Balance, June 30 $ 27,394,722 $ 27,394,722 $ 32,361,788 $ 4,967,066 Budget Amounts Actual
Over/(Under)
123 Attachment 1
City of Coronado Page 199

THIS PAGE INTENTIONALLY LEFT BLANK
124 Attachment 1
City of Coronado Page 200

CITY OF CORONADO

STATISTICAL SECTION
125 Attachment 1
City of Coronado Page 201

THIS PAGE INTENTIONALLY LEFT BLANK
126 Attachment 1
City of Coronado Page 202
Statistical Section
This part of the City of Coronado’s Annual Comprehensive Financial Report presents detailed information as a context for understanding what the information in the financial statements, notes disclosures, and required supplementary information says about the City’s overall financial health.

Contents
Financial Trends
These schedules contain trend information to help the reader understand how the City’s financial performance and well-being have changed over time.
 Net Position by Component
 Changes in Net Position
 Tax Revenue by Source
 Fund Balances of Governmental Funds
 Changes in Fund Balances of Governmental Funds
Revenue Capacity
These schedules contain information to help the reader assess the factors affecting the City’s ability to generate its property taxes.
 Assessed Value of Taxable Property
 Direct and Overlapping Property Tax Rates
 Principal Property Tax Payers
 Property Tax Levies and Collections – General
Debt Capacity
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.  Ratios of Outstanding Debt by Type
 Direct and Overlapping Debt
 Legal Debt Margin Information – City
 Pledged Revenue Coverage – Storm Drain Revenue Bond
Demographic and Economic Information
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.
 Demographic and Economic Statistics
 Principal Employers
Operating Information
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.  Full-Time Equivalent Employees by Function
 Operating Indicators by Function/Program
 Capital Assets Statistics by Function/Program
Sources: Unless otherwise noted, the information in these schedules is derived from the annual comprehensive financial reports for the relevant year.
127 Attachment 1
City of Coronado Page 203
2012-13 2013-14 2014-15 2015-16
Governmental activities:

Investment in capital assets $ 119,100,233 $ 117,186,363 $ 116,205,185 $ 119,396,004 Restricted 15,124,191 16,272,773 15,034,923 15,373,001
Unrestricted 63,666,986 77,954,474 75,817,464 87,417,337 Total governmental activities net position 197,891,410 211,413,610 207,057,572 222,186,342 Business-type activities:

Investment in capital assets 32,145,734 31,788,279 36,386,056 36,024,815 Restricted 362,875 364,325 - -
Unrestricted 6,824,050 6,225,082 7,247,527 9,135,426
Total business-type activities net position 39,332,659 38,377,686 43,633,583 45,160,241 Primary government:

Net investment in capital assets 151,245,967 148,974,642 152,591,241 155,420,819 Restricted 15,487,066 16,637,098 15,034,923 15,373,001
Unrestricted 70,491,036 84,179,556 83,064,991 96,552,763 Total primary government net position $ 237,224,069 $ 249,791,296 $ 250,691,155 $ 267,346,583

CITY OF CORONADO

NET POSITION BY COMPONENT
TABLE 1
(accrual basis of accounting)

LAST TEN FISCAL YEARS
Fiscal Year
128 Attachment 1
City of Coronado Page 204

CITY OF CORONADO
2016-17 2017-18 2018-19 2019-20 2020-21 2021-22
$ 128,475,663 $ 129,502,485 $ 129,961,176 $ 131,584,730 $ 129,875,175 $ 130,411,480 17,402,258 23,770,635 50,900,920 47,904,346 50,310,634 38,145,227 102,264,206 99,784,410 78,862,469 78,358,378 73,512,302 98,843,320 248,142,127 253,057,530 259,724,565 257,847,454 253,698,111 267,400,027 36,958,117 37,493,053 39,487,586 42,951,193 42,081,320 45,296,225 - - - - - -
10,532,940 12,463,634 12,491,878 12,066,044 15,605,653 16,198,756 47,491,057 49,956,687 51,979,464 55,017,237 57,686,973 61,494,981 165,433,780 166,995,538 169,448,762 174,535,923 171,956,495 175,707,705 17,402,258 23,770,635 50,900,920 47,904,346 50,310,634 38,145,227 112,797,146 112,248,044 91,354,347 90,424,422 89,117,955 115,042,076 $ 295,633,184 $ 303,014,217 $ 311,704,029 $ 312,864,691 $311,385,084 $328,895,008 TABLE 1
Fiscal Year
(accrual basis of accounting)

LAST TEN FISCAL YEARS

NET POSITION BY COMPONENT
129 Attachment 1
City of Coronado Page 205

CITY OF CORONADO
2012-13 2013-14 2014-15 2015-16 2016-17
EXPENSES:

Governmental activities:

General Government $ 9,858,855 $ 9,556,425 $ 10,216,886 $ 8,171,947 $ 9,075,297 Public Safety 17,985,358 16,690,039 18,206,809 17,056,540 21,137,286 Construction and Maintenance 9,096,381 7,316,660 7,672,654 9,390,678 12,638,735 Culture and Leisure 9,383,173 8,537,869 7,960,184 7,641,820 10,431,184 Planning and Building Services 1,884,181 1,504,159 1,898,035 1,940,944 1,964,832 Housing 316,829 346,510 345,684 373,521 191,167
Tidelands - - 910,470 - -
Redevelopment - - - - -
Transportation 149,139 172,114 178,076 - -
Interest on long-term debt 1,313 1,928 993 147 -
Total governmental activities expenses 48,675,229 44,125,704 47,389,791 44,575,597 55,438,501 Business-type activities:

Wastewater 5,098,978 5,178,414 5,584,621 5,778,977 6,475,568 Golf 3,282,119 3,186,013 3,136,398 2,984,531 2,936,296
Storm Drain 1,086,571 1,015,595 1,359,668 1,121,395 977,814 Total business-type activities expenses 9,467,668 9,380,022 10,080,687 9,884,903 10,389,678 Total primary government expenses 58,142,897 53,505,726 57,470,478 54,460,500 65,828,179 PROGRAM REVENUES:

Governmental activities:

Charges for services:

General government 1,670,353 663,566 1,634,874 1,971,562 2,354,134 Public safety 2,392,406 2,435,992 1,226,901 792,715 1,266,032 Construction and maintenance 74,088 64,059 27,433 416,711 129,336 Culture and leisure 3,857,380 3,971,855 3,761,653 3,941,656 2,780,538 Planning and building services 1,195,851 1,455,130 1,582,416 1,742,250 1,753,389 Housing 395,645 415,690 376,923 371,749 376,354
Tidelands - - 1,313,307 - -
Transportation 17,041 145,737 18,527 - -
Operating grants and contributions 1,822,333 1,628,079 2,243,153 3,858,205 3,649,003 Capital grants and contributions 1,115,995 468,816 342,636 46,340 1,330,075 Total governmental activities
program revenues 12,541,092 11,248,924 12,527,823 13,141,188 13,638,861 Business type activities:

Charges for services:

Wastewater 4,391,249 4,790,582 5,620,922 6,875,646 7,417,758 Golf 2,829,920 3,062,117 3,003,543 2,992,019 2,894,708
Storm Drain 556,556 568,300 573,055 574,996 602,653
Total business type activities
program revenues 7,777,725 8,420,999 9,197,520 10,442,661 10,915,119 Total primary government
program revenues 20,318,817 19,669,923 21,725,343 23,583,849 24,553,980 TABLE 2
Fiscal Year

CHANGES IN NET POSITION

LAST TEN FISCAL YEARS
(accrual basis of accounting)
130 Attachment 1
City of Coronado Page 206

CITY OF CORONADO
2017-18 2018-19 2019-20 2020-21 2021-22
EXPENSES:

Governmental activities:

General Government $ 9,036,409 $ 9,625,099 $ 11,723,725 $ 11,983,665 $ 10,423,903 Public Safety 22,482,515 22,190,452 24,962,050 27,756,674 23,767,540 Construction and Maintenance 13,716,094 15,359,543 16,673,131 13,984,450 11,584,251 Culture and Leisure 9,538,728 10,779,164 10,158,149 8,171,526 9,036,246 Planning and Building Services 1,905,631 2,226,423 3,054,353 3,634,687 2,745,784 Housing 192,706 110,550 23,810 126,804 97,330
Tidelands - - - - -
Redevelopment - - - - -
Transportation - - - - -
Interest on long-term debt - - - - -
Total governmental activities expenses 56,872,083 60,291,231 66,595,218 65,657,806 57,655,053 Business-type activities:

Wastewater 6,540,317 7,155,168 6,442,924 6,708,941 6,276,533 Golf 3,247,361 3,989,913 3,584,465 3,400,518 3,485,940
Storm Drain 1,279,577 1,545,418 1,171,761 1,374,070 1,301,421 Total business-type activities expenses 11,067,255 12,690,499 11,199,150 11,483,529 11,063,894 Total primary government expenses 67,939,338 72,981,730 77,794,368 77,141,335 68,718,947 PROGRAM REVENUES:

Governmental activities:

Charges for services:

General government 2,209,553 2,163,343 2,372,274 2,421,046 2,316,005 Public safety 1,455,150 1,442,590 1,329,442 906,666 242,907 Construction and maintenance 548,385 414,638 580,507 512,398 570,751 Culture and leisure 2,717,556 2,615,932 1,695,062 831,207 1,317,204 Planning and building services 1,373,532 1,645,876 1,648,483 1,525,864 1,699,966 Housing 349,206 304,437 42,000 21,000 98,000
Tidelands - - - - -
Transportation - - - - -
Operating grants and contributions 2,680,923 2,040,841 3,123,744 3,089,246 5,996,232 Capital grants and contributions 971,783 1,572,599 2,278,197 1,081,528 990,735 Total governmental activities
program revenues 12,306,088 12,200,256 13,069,709 10,388,955 13,231,800 Business type activities:

Charges for services:

Wastewater 8,410,542 8,762,715 8,582,092 7,867,326 9,534,408 Golf 3,326,824 3,410,058 3,542,115 4,765,583 4,756,241
Storm Drain 848,179 731,814 677,479 646,526 672,044
Total business type activities
program revenues 12,585,545 12,904,587 12,801,686 13,279,435 14,962,693 Total primary government
program revenues 24,891,633 25,104,843 25,871,395 23,668,390 28,194,493 (Continued)
Fiscal Year

CHANGES IN NET POSITION

LAST TEN FISCAL YEARS
(accrual basis of accounting)
TABLE 2
131 Attachment 1
City of Coronado Page 207

CITY OF CORONADO
2012-13 2013-14 2014-15 2015-16 2016-17
TABLE 2
Fiscal Year

CHANGES IN NET POSITION

LAST TEN FISCAL YEARS
(accrual basis of accounting)
Net revenues (expenses):

Governmental activities (36,134,137) (32,876,780) (34,861,968) (31,434,409) (41,799,640) Business-type activities (1,689,943) (959,023) (883,167) 557,758 525,441 Total net revenue (expenses) (37,824,080) (33,835,803) (35,745,135) (30,876,651) (41,274,199) GENERAL REVENUE AND OTHER CHANGES IN NET POSITION:

Governmental Activities:

Taxes:

Property Taxes 22,442,077 23,186,424 24,557,604 27,011,615 27,680,962 Transient occupancy taxes 10,366,260 12,442,925 13,763,729 13,818,817 14,577,717 Sales and use taxes 2,986,179 3,258,208 3,493,272 4,041,392 3,338,149 Franchise & Other taxes 1,220,132 1,476,654 1,606,790 1,186,785 2,082,265 Use of Money and Property 687,615 645,280 118,868 336,345 488,996 Other 481,134 237,572 74,564 56,756 167,633
Extraordinary gain and special items - - 21,868,662 - 12,190,821 Transfers (889,038) 70,500 68,300 111,469 116,746
Total governmental activities 37,294,359 41,317,563 65,551,789 46,563,179 60,643,289 Business type activities:

Use of Money and Property 26,291 60,921 66,018 131,477 57,584 Gain on sale of capital assets 40,393 800 2,250 (10,294) - Other 1,000 12,829 2,504,661 959,186 1,864,537
Extraordinary gain and special items - - 7,102,369 - -
Transfers 889,038 (70,500) (68,300) (111,469) (116,746) Total business type activities 956,722 4,050 9,606,998 968,900 1,805,375 Total primary government 38,251,081 41,321,613 75,158,787 47,532,079 62,448,664 Changes in net position
Government activities 1,160,222 8,440,783 30,689,821 15,128,770 18,843,649 Business-type activities (733,221) (954,973) 8,723,831 1,526,658 2,330,816 Total primary government $ 427,001 $ 7,485,810 $ 39,413,652 $ 16,655,428 $ 21,174,465 132 Attachment 1
City of Coronado Page 208

CITY OF CORONADO
2017-18 2018-19 2019-20 2020-21 2021-22
Fiscal Year

CHANGES IN NET POSITION

LAST TEN FISCAL YEARS
(accrual basis of accounting)
TABLE 2
Net revenues (expenses):

Governmental activities (44,565,995) (48,090,975) (53,525,509) (55,268,851) (44,423,253) Business-type activities 1,518,290 214,088 1,602,536 1,795,906 3,898,799 Total net revenue (expenses) (43,047,705) (47,876,887) (51,922,973) (53,472,945) (40,524,454) GENERAL REVENUE AND OTHER CHANGES IN NET POSITION:

Governmental Activities:

Taxes:

Property Taxes 29,515,386 31,137,618 32,763,440 34,299,322 35,783,998 Transient occupancy taxes 15,264,023 15,650,765 10,993,396 9,595,095 19,745,307 Sales and use taxes 3,383,032 3,602,816 2,889,322 2,884,335 4,800,531 Franchise & Other taxes 2,185,830 2,030,015 1,910,180 2,159,854 1,639,188 Use of Money and Property 1,860,088 3,081,788 3,576,441 2,780,960 (3,648,551) Other 935,155 215,313 200,619 84,942 304,696
Extraordinary gain and special items 2,780,754 364,695 - - - Transfers (975,000) (1,325,000) (685,000) (685,000) (500,000) Total governmental activities 54,949,268 54,758,010 51,648,398 51,119,508 58,125,169 Business type activities:

Use of Money and Property 139,523 483,689 750,237 188,830 (366,923) Gain on sale of capital assets - - - - -
Other - - - - -
Extraordinary gain and special items - - - - -
Transfers 975,000 1,325,000 685,000 685,000 500,000
Total business type activities 1,114,523 1,808,689 1,435,237 873,830 133,077 Total primary government 56,063,791 56,566,699 53,083,635 51,993,338 58,258,246 Changes in net position
Government activities 10,383,273 6,667,035 (1,877,111) (4,149,343) 13,701,916 Business-type activities 2,632,813 2,022,777 3,037,773 2,669,736 4,031,876 Total primary government $ 13,016,086 $ 8,689,812 $ 1,160,662 $ (1,479,607) $ 17,733,792 (Concluded)
133 Attachment 1
City of Coronado Page 209

THIS PAGE INTENTIONALLY LEFT BLANK
134 Attachment 1
City of Coronado Page 210
Property Taxes
Sales and
Use Taxes
Transient
Occupancy
Taxes Tax Increment
Franchise &
Other Taxes Totals
22,442,077 2,986,179 10,366,260 - 1,220,132 37,014,648
23,186,424 3,258,208 12,442,925 - 1,476,654 40,364,211
24,557,604 3,493,272 13,763,729 - 1,606,790 43,421,395
27,011,615 4,041,392 13,818,817 - 1,186,785 46,058,609
27,680,962 3,338,149 14,577,717 - 2,082,265 47,679,093
29,515,386 3,383,032 15,264,023 - 2,185,830 50,348,271
31,137,618 3,602,816 15,650,765 - 2,030,015 52,421,214
32,763,440 2,889,322 10,993,396 - 1,910,180 48,556,338
34,299,322 2,884,335 9,595,095 - 2,159,854 48,938,606
35,783,998 4,800,531 19,745,307 - 1,639,188 61,969,024
2018-19
2017-18
2016-17
2020-21
2021-22
2019-20
(accrual basis of accounting)
TABLE 3

CITY OF CORONADO

GOVERNMENTAL ACTIVITIES TAX REVENUES BY SOURCE

LAST TEN FISCAL YEARS
Fiscal Year
2012-13
2013-14
2014-15
2015-16
135 Attachment 1
City of Coronado Page 211

CITY OF CORONADO
2012-13 2013-14 2014-15 2015-16
General fund:

Non-spendable $ 6,943,163 $ 7,232,670 $ 4,130,959 $ 4,058,544 Restricted 195,264 210,558 210,294 260,471
Committed 10,629,000 11,047,000 11,068,000 22,051,000
Assigned 15,413,121 19,334,284 24,015,402 17,468,480
Unassigned 34,927,045 39,983,327 36,870,315 24,062,440
Total general fund 68,107,593 77,807,839 76,294,970 67,900,935 All other governmental funds:

Nonspendable 3,461 3,461 - -
Restricted 14,928,927 16,062,215 14,824,629 15,112,530
Assigned 2,840,145 3,465,428 5,080,752 21,047,743
Unassigned - (84,229) - -
Total all other governmental funds 17,772,533 19,446,875 19,905,381 36,160,273 Total Governmental funds $ 85,880,126 $ 97,254,714 $ 96,200,351 $ 104,061,208 Fiscal Year

FUND BALANCES OF GOVERNMENTAL FUNDS
TABLE 4

LAST TEN FISCAL YEARS
(modified accrual basis of accounting)
136 Attachment 1
City of Coronado Page 212

CITY OF CORONADO
2016-17 2017-18 2018-19 2019-20 2020-21 2021-22
$ 3,627,332 $ 3,406,472 $ 7,122,571 $ 9,163,218 $ 7,541,314 $ 6,824,963 354,153 4,650,146 45,324,841 27,268,901 29,824,069 32,685,472 24,107,000 29,850,000 31,350,000 28,486,000 31,350,000 32,116,000 18,527,767 16,392,008 17,036,668 31,343,174 29,859,764 30,227,994 23,820,586 25,852,210 18,985,280 27,498,711 27,156,387 30,705,184 70,436,838 80,150,836 119,819,360 123,760,004 125,731,534 132,559,613 - 25,200 26,000 - 18,901 18,699
17,048,105 19,120,489 20,840,529 20,635,445 20,467,664 18,123,140 29,202,441 32,252,756 31,871,841 31,160,347 30,180,785 32,361,788 - - - - - -
46,250,546 51,398,445 52,738,370 51,795,792 50,667,350 50,503,627 $ 116,687,384 $ 131,549,281 $ 172,557,730 $ 175,555,796 $ 176,398,884 $ 183,063,240 NOTE:
(1) Substantial increases or decreases in fund balance components are explained in the Management Discussion and Analysis Section (MD&A).

Fiscal Year
TABLE 4
(modified accrual basis of accounting)

LAST TEN FISCAL YEARS

FUND BALANCES OF GOVERNMENTAL FUNDS
137 Attachment 1
City of Coronado Page 213

CITY OF CORONADO
2012-13 2013-14 2014-15 2015-16 2016-17
REVENUES:

Taxes $ 36,955,936 $ 40,312,411 $ 43,621,796 $ 46,010,444 $ 47,552,533 Licenses and permits 1,148,998 1,271,528 1,179,376 1,526,619 1,482,048 Intergovernmental 1,320,397 1,183,971 1,952,355 1,940,449 3,061,093 Charges for current services 5,229,524 5,331,693 5,514,599 7,420,789 6,923,874 Fines and forfeitures 460,751 409,897 369,467 360,399 333,356 Use of money and property 1,994,428 2,204,071 2,377,227 1,092,243 488,996 Miscellaneous 527,807 264,395 284,122 219,550 214,698
Contributions - 11,277 - - -
Reimbursements 2,064,680 1,374,495 1,612,238 1,559,759 3,340,125 Total revenues 49,702,521 52,363,738 56,911,180 60,130,252 63,396,723 EXPENDITURES:

Current:

General government 8,373,019 8,153,760 6,502,813 7,262,147 8,089,542 Public safety 16,977,316 16,703,497 23,013,782 18,748,416 19,642,662 Construction and maintenance 8,317,718 7,108,606 7,902,181 8,655,931 9,791,994 Culture and leisure 7,924,276 7,030,910 7,642,170 7,778,976 8,373,053 Planning and building services 1,873,196 1,552,343 1,652,353 1,722,191 2,040,854 Housing 187,017 216,698 219,782 275,743 -
Transportation 149,139 151,825 178,076 - -
Capital outlay 1,944,467 2,876,626 4,417,857 7,113,990 13,192,328 Debt service:

Principal retirement 22,629 45,011 45,946 23,323 -
Interest and fiscal charges 1,313 1,928 993 147 -
Total Expenditures 45,770,090 43,841,204 51,575,953 51,580,864 61,130,433

EXCESS (DEFICIENCY) OF REVENUES
OVER (UNDER) EXPENDITURES 3,932,431 8,522,534 5,335,227 8,549,388 2,266,290 OTHER FINANCING SOURCES (USES):

Transfers in 1,234,229 1,591,108 1,293,500 19,352,230 19,331,945 Transfers out (2,123,267) (1,520,608) (20,040,761) (1,225,200) (21,162,880) Other debts issued 136,448 - - - -
Total Other financing sources (uses) (752,590) 70,500 68,300 (688,531) (1,830,935) Extraordinary gain/(loss) - - - - -
Special item - - (6,457,890) - 12,190,821
NET CHANGE IN FUND BALANCES $ 3,179,841 $ 8,593,034 $ (1,054,363) $ 7,860,857 $ 12,626,176 Debt service as a percentage of
noncapital expenditures 0.05% 0.11% 0.10% 0.05% 0.00%
TABLE 5
Fiscal Year

CHANGES IN FUND BALANCE OF GOVERNMENTAL FUNDS

LAST TEN FISCAL YEARS
(modified accrual basis of accounting)
138 Attachment 1
City of Coronado Page 214

CITY OF CORONADO
2017-18 2018-19 2019-20 2020-21 2021-22
REVENUES:

Taxes $ 50,348,271 $ 52,421,214 $ 48,556,338 $ 48,938,606 $ 61,969,024 Licenses and permits 1,084,087 1,205,799 1,114,095 817,558 817,934 Intergovernmental 2,109,351 1,814,836 3,142,932 2,601,328 5,520,884 Charges for current services 7,208,311 6,889,612 6,186,875 5,185,447 6,051,783 Fines and forfeitures 360,984 378,703 366,798 215,176 220,731 Use of money and property 1,860,088 3,081,788 3,576,441 2,780,960 (3,636,890) Miscellaneous 935,155 215,313 200,619 84,942 304,696
Contributions - - - - -
Reimbursements 1,543,355 1,772,158 2,259,009 1,569,446 1,513,723 Total revenues 65,449,602 67,779,423 65,403,107 62,193,463 72,761,885 EXPENDITURES:

Current:

General government 8,251,827 9,022,893 9,945,290 10,354,476 10,997,768 Public safety 19,755,841 20,732,847 21,950,225 23,950,588 25,175,627 Construction and maintenance 11,012,267 11,377,360 11,770,733 12,072,194 12,031,555 Culture and leisure 8,470,179 9,559,748 8,473,309 7,055,799 8,309,747 Planning and building services 2,001,280 2,247,536 2,651,672 3,247,314 3,145,616 Housing - - - - -
Transportation - - - - -
Capital outlay 5,964,861 5,620,390 6,928,812 3,985,004 5,937,216 Debt service:

Principal retirement - - - - -
Interest and fiscal charges - - - - -
Total Expenditures 55,456,255 58,560,774 61,720,041 60,665,375 65,597,529

EXCESS (DEFICIENCY) OF REVENUES
OVER (UNDER) EXPENDITURES 9,993,347 9,218,649 3,683,066 1,528,088 7,164,356 OTHER FINANCING SOURCES (USES):

Transfers in 6,057,826 3,885,000 2,356,000 930,000 3,005,000 Transfers out (7,032,826) (5,210,000) (3,041,000) (1,615,000) (3,505,000) Other debts issued - - - - -
Total Other financing sources (uses) (975,000) (1,325,000) (685,000) (685,000) (500,000) Extraordinary gain/(loss) - - - - -
Special item 2,780,754 33,114,800 - - -
NET CHANGE IN FUND BALANCES $ 11,799,101 $ 41,008,449 $ 2,998,066 $ 843,088 $ 6,664,356 Debt service as a percentage of
noncapital expenditures 0.00% 0.00% 0.00% 0.00% 0.00%

CHANGES IN FUND BALANCE OF GOVERNMENTAL FUNDS
Fiscal Year
TABLE 5
(modified accrual basis of accounting)

LAST TEN FISCAL YEARS
139 Attachment 1
City of Coronado Page 215
City of Coronado
Fiscal Year Residential Commercial Industrial Institutional Recreational 2012-13 5,474,652,490 1,050,144,359 13,776,437 10,444,363 41,630,528 2013-14 5,620,861,698 1,074,712,726 15,215,436 10,531,938 54,574,962 2014-15 5,966,251,521 1,105,765,812 14,115,750 10,502,491 50,582,167 2015-16 6,326,504,353 1,168,826,680 14,397,776 10,575,940 53,695,697 2016-17 6,695,110,976 1,193,591,828 14,617,337 10,620,183 61,272,073 2017-18 7,077,515,298 1,308,422,591 14,909,678 11,054,417 77,794,646 2018-19 7,477,649,124 1,354,802,642 15,207,869 11,139,141 91,807,350 2019-20 7,847,838,770 1,208,059,119 544,425 2,133,459 107,667,647 2020-21 8,223,965,445 1,264,113,491 555,312 2,178,259 131,324,744 2021-22 8,575,962,273 1,240,716,513 561,063 2,200,827 161,843,695 Source: HdL Coren & Cone, San Diego County Assessor Combined Tax Rolls NOTE:
(1) In 1978, the voters of the State of California passed Proposition 13, which limited property taxes to a total minimum rate of 1%, based upon the assessed value of the property being taxed. Each year, the assessed value of property may be increased by an "inflation factor" (limited to a maximum increase of 2%). With few exceptions, property is only re-assessed at the time that it is sold to a new owner. At that point, the new assessed value is re-assessed at the purchase price of the property sold. The assessed valuation data shown above represents the only data currently available, with respect to the actual market value of taxable property, and is subject to the limitations described above.

ASSESSED VALUE OF TAXABLE PROPERTY

LAST TEN FISCAL YEARS
TABLE 6
140 Attachment 1
City of Coronado Page 216
City of Coronado
Total
Fiscal Year Vacant Land Cross Reference Unsecured Totals Direct Rate 2012-13 32,886,671 - 136,089,919 6,759,624,767 0.29442
2013-14 18,501,322 - 131,842,410 6,926,240,492 0.29651
2014-15 34,137,599 - 132,985,657 7,314,340,997 0.29650
2015-16 34,041,340 - 138,817,178 7,746,858,964 0.29364
2016-17 28,428,374 - 136,718,887 8,140,359,658 0.29817
2017-18 30,004,627 - 134,335,252 8,654,036,509 0.29653
2018-19 38,268,157 - 136,810,454 9,125,684,737 0.29739
2019-20 38,968,169 242,873,569 146,020,240 9,594,105,398 0.29805 2020-21 43,376,346 222,452,010 153,215,960 10,041,181,567 0.29869 2021-22 31,563,084 210,854,245 134,038,059 10,357,739,759 0.29918

ASSESSED VALUE OF TAXABLE PROPERTY
TABLE 6

LAST TEN FISCAL YEARS
141 Attachment 1
City of Coronado Page 217

CITY OF CORONADO
Total City's Share
South Bay Community Sweetwater Direct & of 1% Levy Redevel- Total Fiscal County School School College High Overlapping Per opment Direct Year Base District Bond District Bond Rate Prop 13 Rate Rate 2012-13 1.00000 0.01206 0.04838 0.03753 0.05862 1.15659 0.26235 - 0.29208 2013-14 1.00000 0.01197 0.07671 0.03675 0.05823 1.18366 0.26235 - 0.29258 2014-15 1.00000 0.01199 0.07631 0.03582 0.05407 1.17819 0.26235 - 0.29364 2015-16 1.00000 0.01070 0.07167 0.03961 0.05169 1.17367 0.26235 - 0.29466 2016-17 1.00000 0.01053 0.05703 0.03856 0.05162 1.15774 0.26235 - 0.29549 2017-18 1.00000 0.00977 0.06300 0.04981 0.05156 1.17414 0.26235 - 0.29653 2018-19 1.00000 0.00944 0.06595 0.04671 0.05283 1.17493 0.26235 - 0.29739 2019-20 1.00000 0.00924 0.06588 0.04482 0.05159 1.17153 0.26235 - 0.29805 2020-21 1.00000 0.00908 0.06337 0.02792 0.04880 1.14917 0.26235 - 0.29869 2021-22 1.00000 0.00846 0.06107 0.04854 0.04611 1.16418 0.26235 - 0.29918 Source: County of San Diego, Office of the Auditor and Controller NOTES:

TABLE 7
(PER $100 OF ASSESSED VALUE) LAST TEN FISCAL YEARS

PROPERTY TAX RATES - DIRECT AND OVERLAPPING GOVERNMENTS (1) In 1978, California voters passed Proposition 13 which set the property tax rate at a 1.00% fixed amount. This 1.00% is shared by all taxing agencies for which the subject property resides within. In addition to the 1.00% fixed amount, property owners are charged taxes as a percentage of assessed property values for the payment of any voter approved bonds. (2) Overlapping rates are those of local and county governments that apply to property owners within the City. Not all overlapping rates apply to all city property owners.
(3) City's share of 1% Levy is based on the City's share of the general fund tax rate area with the largest net taxable value within the city. ERAF general fund tax shifts may not be included in tax ration figures. (4) Redevelopment Rate is based on the largest RDA tax rate area and only includes rate(s) from indebtedness adopted prior to 1989 per California State statute. RDA direct and overlapping rates are applied only to the incremental property values. The approval of ABX1 26 eliminated Redevelopment from the State of California for the fiscal year 2012/13 and years thereafter. 142 Attachment 1
City of Coronado Page 218

CITY OF CORONADO
Taxpayer
Taxable
Assessed
Value
Percent of
Total City
Taxable
Assessed
Value
Taxable
Assessed
Value
Percent of
Total City
Taxable
Assessed
Value
BSK Del Partners LLC $ 699,788,826 6.76% $ 573,546,000 8.48% PR III Broadstone Coronado LLC 180,635,106 1.74% - 0.00% Coronado Commonwealth APTS INC - 0.00% 89,268,490 1.32% Host Hotels and Resorts LP 105,592,817 1.02% 82,632,301 1.22% 51st and 8th Avenue Corporation 57,630,527 0.56% 80,033,405 1.18% Jeff and Sharon Stevens - 0.00% 24,119,971 0.36%
HDC South Beach Development LLC 50,248,447 0.49% - 0.00% Hotel Del Partners LP - 0.00% 18,087,696 0.27%
SCP Coronado LLC - 0.00% 17,800,000 0.26%
Kabir Bluestar LLC 35,139,492 0.34% - 0.00%
Shops at Coronado LLC 23,681,183 0.23% - 0.00%
Pref Coronado Plaza LLC 23,259,609 0.22% - 0.00%
Boden Family Investments II LLC 22,766,869 0.22% 16,661,767 0.25% Island Terrance LP 21,969,554 0.21% - 0.00%
James T. and Tally J. Nathan - 0.00% 15,142,999 0.22%
Port Coronado Associates LLC - 0.00% 11,810,096 0.17%
Principal Taxpayers' Totals $ 1,220,712,430 11.79% 929,102,725 $ 13.74% City Totals $ 10,357,739,759 $ 6,759,624,767
The amounts shown above include assessed value data for both the City and the Community Development Successor Agency.

Source: HdL Coren & Cone, San Diego County Assessor Combined Tax Rolls

PRINCIPAL PROPERTY TAXPAYERS BASED ON GROSS ASSESSED VALUES

CURRENT FISCAL YEAR AND NINE YEARS AGO
TABLE 8
2021-22 2012-13
143 Attachment 1
City of Coronado Page 219

CITY OF CORONADO
Percent
Fiscal Total Current Tax of Levy Total Tax
Year Tax Levy Collections Collected Collections
2012-13 $18,855,754 $18,821,709 99.8% $14,542 $18,836,251 99.9% 2013-14 $19,394,490 $19,378,938 99.9% $13,382 $19,392,320 100.0% 2014-15 $20,557,361 $20,543,444 99.9% $4,319 $20,547,763 100.0% 2015-16 $21,905,678 $21,897,086 100.0% $15,742 $21,912,828 100.0% 2016-17 $23,170,229 $23,155,837 99.9% $10,024 $23,165,861 100.0% 2017-18 $24,699,447 $24,688,752 100.0% $11,861 $24,700,613 100.0% 2018-19 $26,125,997 $26,111,620 99.9% $13,724 $26,125,344 100.0% 2019-20 $27,552,215 $27,527,605 99.9% $13,667 $27,541,272 100.0% 2020-21 $28,850,223 $28,828,056 99.9% $12,864 $28,840,920 100.0% 2021-22 $30,005,970 $29,984,597 99.9% $1,885 $29,986,482 99.9% Source: San Diego County Auditor and Controller's Office Percent of
Total Tax
Collections to
Tax Levy
Delinquent
Tax
Collections
TABLE 9

LAST TEN FISCAL YEARS

GENERAL PROPERTY TAX LEVIES AND COLLECTIONS
144 Attachment 1
City of Coronado Page 220

THE CITY OF CORONADO
Fiscal Year
Revenue
Bond Debt Capital Lease Population (1)
Debt per
Capita
Number of
Units (2)
Debt per
Unit
2012-13 3,480,000 114,287 23,408 154 11,755 306
2013-14 3,280,000 69,276 23,577 142 11,562 290
2014-15 - 23,330 23,695 1 11,562 2
2015-16 - - 25,043 - 11,562 -
2016-17 - - 24,314 - n/a -
2017-18 - - 21,416 - n/a -
2018-19 - - 23,880 - n/a -
2019-20 - - 21,422 - n/a -
2020-21 - - 22,357 - n/a -
2021-22 - - 22,007 - n/a -
Source: (1) State Department of Finance, Demographics Unit; HdL Coren & Cone
(2) City of Coronado Public Services Department

SCHEDULE OF DEBT RATIOS

LAST TEN FISCAL YEARS
TABLE 10
145 Attachment 1
City of Coronado Page 221

CITY OF CORONADO

SCHEDULE OF DIRECT AND OVERLAPPING DEBT
JUNE 30, 2022
TABLE 11
Total Debt
June 30, 2022
% Applicable
(1)
Estimated Share of
Debt June 30, 2022
Direct Debt:

City of Coronado $ - 100.000% $ -
Overlapping Tax and Assessment Debt:

Southwestern Community College District $777,649,345 15.728% $ 122,308,689 Coronado Unified School District 4,737,625 100.000% 4,737,625 Sweetwater Union High School District 376,281,149 0.001% 3,763 South Bay Union School District 76,873,180 0.012% 9,225 Total Overlapping Tax and Assessment Debt $ 127,059,302 Overlapping General Fund Debt:

San Diego County General Fund Obligations $245,340,000 1.709% $ 4,192,861 San Diego County Pension Obligations 340,825,000 1.709% 5,824,699 San Diego County Superintendent of Schools
Obligations

7,780,000

1.709%

132,960
Southwestern Community College District Certificates
of Participation 375,000 15.728% 58,980
Coronado Unified School District Certificates of
Participation 17,270,374 100.000%

17,270,374
Sweetwater Union High School District General Fund
Obligations $ 29,140,000 0.001% 291
Total Overlapping General Fund Debt $ 27,480,165
OVERLAPPING TAX INCREMENT DEBT (Successor
Agency):
$ 92,205,000 100.000% $ 92,205,000
COMBINED TOTAL DEBT $ 246,744,467 (2)
(1) The percentage of overlapping debt applicable to the city is estimated using taxable assessed property value. Applicable percentages were estimated by determining the portion of the overlapping district's assessed value that is within the boundaries of the city divided by the district's total taxable assessed value. (2) Excludes tax and revenue anticipation notes, enterprise revenue, mortgage revenue and non-bonded capital lease obligations.

Source: California Municipal Statistics, Inc.
146 Attachment 1
City of Coronado Page 222
Net assessed value of all taxable property $ 10,357,739,759 Conversion percentage 25.00%
Adjusted assessed valuation 2,589,434,940
Debt limit percentage 15.00%
Debt limit 388,415,241
Total net debt applicable to limit -
Legal debt margin $ 388,415,241
The City of Coronado has had no indebtedness applicable to the limit during the past ten fiscal years.

Source: City of Coronado Administrative Services Department

CITY OF CORONADO
TABLE 12
JUNE 30, 2022

SCHEDULE OF LEGAL DEBT MARGIN
The Government Code of the State of California provides for a legal debt limit of 15% of gross assessed valuations. However, this provision was enacted when assessed valuation was based upon 25% of market value. Effective with 1981-82 fiscal year, each parcel is now assessed at 100% of market value (as of the most recent change in ownership for that parcel). The computations shown above reflect a conversion of assessed valuation data from the current full valuation perspective to the 25% level that was in effect at the time that the legal debt was enacted by the State of California for local governments located within the state.
147 Attachment 1
City of Coronado Page 223
Fiscal
Year Ended
June 30
Storm Drain User
Charges Principal Interest Coverage
2012-13 539,048 195,000 168,845 1.48
2013-14 537,713 200,000 161,825 1.49
2014-15 * 573,055 - - -
2015-16 * 574,997 - - -
2016-17 * 602,653 - - -
2017-18 * 651,852 - - -
2018-19 * 731,814 - - -
2019-20 * 677,479 - - -
2020-21* 646,526 - - -
2021-22* 672,044 - - -
Source: City of Coronado Administrative Services Department * Bond was defeased in 2014
TABLE 13

CITY OF CORONADO

PLEDGED REVENUE COVERAGE

STORM DRAIN REVENUE BONDS

LAST TEN FISCAL YEARS
148 Attachment 1
City of Coronado Page 224

CITY OF CORONADO
Calendar
Year
Population
(1) % Change
Per Capita
Personal
Income (2)
Labor
Force (3)
Unemployment Rate (4)
2012-13 23,408 0.6% 40,857 9,000 4.7%
2013-14 23,577 0.7% 46,222 9,000 3.7%
2014-15 23,695 0.5% 48,367 8,400 2.7%
2015-16 25,043 5.7% 46,752 9,000 2.9%
2016-17 24,314 -2.9% 48,845 8,800 2.7%
2017-18 21,416 -11.9% 59,226 9,300 3.0%
2018-19 23,880 11.5% 54,195 8,800 3.3%
2019-20 21,422 -10.3% 63,072 7,300 3.4%
2020-21 22,357 -6.4% 65,004 8,100 6.2%
2021-22 22,007 2.7% 65,004 8,100 3.3%
Sources:

TABLE 14

LAST TEN FISCAL YEARS

DEMOGRAPHIC AND ECONOMIC STATISTICS
City population fluctuates annually due to change in numbers of military personnel living on military installations at time of report.
(3) & (4) State of California Employment Development
(1) State Department of Finance, Demographics Unit & HdL Coren & Cone (2) HdL Coren & Cone
149 Attachment 1
City of Coronado Page 225

CITY OF CORONADO
Taxpayer 2021-22 2012-13
U.S.Navy (North Island Naval Air Station, et al) Military & Civilian 11,000 - 14,999 11,000 - 14,999 Branch Health Clinic North Island NAS 5,000 - 9,999 N/A Hotel Del Coronado 1,000 - 4,999 1,000 - 4,999
Loews Hotels Coronado Bay Resort 250 - 499 500 - 999
Sharp Coronado Hospital 250 - 499 500 - 999
City of Coronado 250 - 499 250 - 499
Marriott-Coronado Island 100 - 249 250 - 499
Coronado Unified School District 100 - 199 250 - 499
Vons 50 - 99 N/A
Peohe's Restaurant 50 - 99 100 - 249
BAE Systems (marine equip. & supplies) N/A 100 - 249
Realty Executives Dillon N/A 50 - 99
Source: City of Coronado and A to Z Databases
PRINCIPAL EMPLOYERS (By Employee Size)
JUNE 30, 2022 AND JUNE 30, 2013
TABLE 15
150 Attachment 1
City of Coronado Page 226

CITY OF CORONADO
Function 2012-13 2013-14 2014-15 2015-16 2016-17 2017-18 2018-19 2019-20 2020-21 2021-22 General government 21 21 21 23 25 25 25 26 26 26
Planning and building services 11 11 11 11 10 10 13 13 13 13 Public safety 100 105 105 105 108 108 109 111 111 112.25 Culture and leisure 42 45 45 44 45 45 45 45 45 45
Construction and maintenance 51 51 51 52 54 54 53 55 55 54.5 Total 225 233 233 235 242 242 245 250 250 251
Source: City Personnel Authorization and Compensation Plan

FULL-TIME AND PART-TIME CITY EMPLOYEES

LAST TEN FISCAL YEARS
TABLE 16
151 Attachment 1
City of Coronado Page 227

CITY OF CORONADO
2012-13 2013-14 2014-15 2015-16 2016-17
Public Safety:

Felony arrests made 118 124 130 119 146
Misdemeanor arrests made 688 707 741 749 684
Parking citations issued 10,603 7,956 7,563 4,812 6,640 Fire emergency responses 1,842 1,853 2,061 2,080 1,927
Building safety inspections 297 443 429 212 161
Beach lifeguard rescues 486 280 255 681 196
Construction and Maintenance (a):

Roads re-surfaced (miles) 0.10 1.50 0.00 0.00 0.50
Sidewalks re-surfaced (miles) 0.10 0.10 0.00 0.00 0.00
Alleys re-surfaced (miles) 0.00 0.00 0.32 0.00 0.00
Roads slurry sealed (miles) 4.50 3.40 3.85 4.01 4.09
Planning and Building:

Building permits issued 866 909 1,074 1,232 1,160
Building inspections 4,755 6,030 7,811 8,275 8,086
Culture and Leisure:

Library volumes in collection 164,580 165,374 165,843 163,529 162,006 Library audio-visual items in collection 34,439 36,665 38,511 34,627 38,881 Library items loaned 338,348 332,425 276,720 276,158 235,463 Library user traffic 368,062 334,625 324,809 306,206 312,351 Recreation classes/activities held 973 1,541 1,341 1,317 1,218 Pool admissions 55,001 60,120 57,648 59,798 45,948
Facility rentals 708 846 834 796 778
Golf rounds played 93,567 93,452 87,730 84,806 84,253
Wastewater/Storm Drain:

Residential units 11,208 11,208 11,208 11,237 11,237
Commercial units 547 547 547 557 557
Average daily treatment, estimated (millions/gallons) 2.7 2.7 2.7 2.5 2.4 (a) Projects completed and capitalized during the fiscal year Source: City of Coronado Operating Departments
Fiscal Year

OPERATING INDICATORS BY FUNCTION

LAST TEN FISCAL YEARS
TABLE 17
152 Attachment 1
City of Coronado Page 228

CITY OF CORONADO
2017-18 2018-19 2019-20 2020-21 2021-22
Public Safety:

Felony arrests made 146 130 110 101 115
Misdemeanor arrests made 684 723 588 522 384
Parking citations issued 5,755 9,371 7,773 6,331 4,863
Fire emergency responses 1,927 2,216 1,856 1,958 2,395
Building safety inspections 161 50 141 0 81
Beach lifeguard rescues 196 202 445 642 480
Construction and Maintenance (a):

Roads re-surfaced (miles) 0.50 0.00 1.10 0.33 0.69
Sidewalks re-surfaced (miles) 0.00 0.10 0.15 0.08 1.12
Alleys re-surfaced (miles) 0.00 0.00 0.00 0.00 0.00
Roads slurry sealed (miles) 4.09 0.00 9.50 6.00 3.22
Planning and Building:

Building permits issued 1,017 980 888 849 859
Building inspections 7,449 6,783 6,293 6,332 6,629
Culture and Leisure:

Library volumes in collection 216,689 216,513 177,489 170,421 172,625 Library audio-visual items in collection 50,546 51,426 66,268 35,443 30,513 Library items loaned 232,322 245,896 216,010 208,682 167,507 Library user traffic 278,363 293,649 244,436 114,933 79,190 Recreation classes/activities held 1,253 1,115 831 403 831 Pool admissions 29,582 27,558 20,886 39,426 60,816
Facility rentals 2,207 2,045 1,135 133 293
Golf rounds played 87,351 88,203 82,140 109,621 102,857 Wastewater/Storm Drain:

Residential units 11,237 11,245 11,795 11,795 11,801
Commercial units 557 563 563 563 580
Average daily treatment, estimated (millions/gallons) 2 2 2 1.5 2.0 Fiscal Year
TABLE 17

OPERATING INDICATORS BY FUNCTION

LAST TEN FISCAL YEARS
153 Attachment 1
City of Coronado Page 229

CITY OF CORONADO
2012-13 2013-14 2014-15 2015-16 2016-17
Public Safety:

Number of police stations 1 1 1 1 1
Number of fire stations 2 2 2 2 2
Construction and Maintenance:

Streets (miles) 40.4 40.4 40.4 40.4 40.4
Sidewalks (miles) 34.3 34.3 34.3 34.3 34.3
Alleys (miles) 9.9 9.9 9.9 9.9 9.9
Streetlights 348 348 348 348 348
Culture and Leisure:

Number of parks 18 18 18 18 18
Acres of parks 46.9 46.9 46.9 46.9 46.9
Community centers 1 1 1 1 1
Municipal pools 2 2 2 2 2
Municipal golf course 1 1 1 1 1
Public library 1 1 1 1 1
Tennis center 1 1 1 1 1
Senior center 1 1 1 1 1
Bike path (miles) 9.8 9.8 9.8 9.8 9.8
Skatepark 1.0 1.0 1.0 1.0 1.0
Wastewater:

Sanitary sewers (miles) 45.8 45.8 45.8 45.8 45.8
Storm drains (miles) 8.5 8.5 8.5 8.5 8.5
Fiscal Year

CAPITAL ASSET STATISTICS BY FUNCTION

LAST TEN FISCAL YEARS
TABLE 18
154 Attachment 1
City of Coronado Page 230

CITY OF CORONADO
2017-18 2018-19 2019-20 2020-21 2021-22
Public Safety:

Number of police stations 1 1 1 1 1
Number of fire stations 2 2 2 2 2
Construction and Maintenance:

Streets (miles) 40.4 40.4 40.4 40.4 40.4
Sidewalks (miles) 34.3 34.3 34.3 34.3 34.3
Alleys (miles) 9.9 9.9 9.9 9.9 9.9
Streetlights 348 348 348 348 348
Culture and Leisure:

Sanitary sewers (miles) 45.8 45.8 45.8 45.8 45.8
Storm drains (miles) 8.5 8.5 8.5 8.5 8.5
Source: City of Coronado Statistical Information, FY22 Adopted Budget Pg 21 Fiscal Year

CAPITAL ASSET STATISTICS BY FUNCTION

LAST TEN FISCAL YEARS
TABLE 18
155 Attachment 1
City of Coronado Page 231

THIS PAGE INTENTIONALLY LEFT BLANK
156 Attachment 1
City of Coronado Page 232
Honorable Mayor and Members of City Council
City of Coronado
Coronado, California
We have audited the financial statements of the governmental activities, the business-type activities, each major fund, and the aggregate remaining fund information of the City of Coronado (the “City”) as of and for the year ended June 30, 2022, and have issued our report thereon dated August 28, 2023. Professional standards require that we advise you of the following matters relating to our audit.

Our Responsibility in Relation to the Financial Statement Audit As communicated in our engagement letter dated May 15, 2022, our responsibility, as described by professional standards, is to form and express opinions about whether the financial statements that have been prepared by management with your oversight are presented fairly, in all material respects, in accordance with accounting principles generally accepted in the United States of America. Our audit of the financial statements does not relieve you or management of your respective responsibilities.

Our responsibility, as prescribed by professional standards, is to plan and perform our audit to obtain reasonable, rather than absolute, assurance about whether the financial statements are free of material misstatement. An audit of financial statements includes consideration of internal control over financial reporting as a basis for designing audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the entity’s internal control over financial reporting.

Accordingly, as part of our audit, we considered the internal control of the City solely for the purpose of determining our audit procedures and not to provide any assurance concerning such internal control.

We are also responsible for communicating significant matters related to the audit that are, in our professional judgment, relevant to your responsibilities in overseeing the financial reporting process. However, we are not required to design procedures for the purpose of identifying other matters to communicate to you.

Planned Scope and Timing of the Audit
We conducted our audit consistent with the planned scope and timing we previously communicated to you.

Compliance with All Ethics Requirements Regarding Independence The engagement team, others in our firm, as appropriate, our firm, have complied with all relevant ethical requirements regarding independence under the American Institute of Certified Public Accountants (“AICPA”) independence standards, contained in the Code of Professional Conduct.

Attachment 2
City of Coronado Page 233
We identified self-review threats to independence as a result of non-attest services provided. Those non-attest services included recording journal entries detected during the audit process and preparing the financial statements.

To mitigate the risk, management has compared the draft financial statements and footnotes to the underlying accounting records to verify accuracy and has reviewed a disclosure checklist to ensure footnotes are complete and accurate. Additionally, we utilize a quality control reviewer to perform a second review of journal entries and the financial statements. We believe these safeguards are sufficient to reduce the independence threats to an acceptable level.

Significant Risks Identified
We have identified the following significant risks:
 Implementation of the new lease accounting standard. We reviewed the City’s inventory of leases and selected a sample of lease agreements to test the calculations of the lease transactions. We ensured the City’s lease disclosure footnotes were accurate and complete in accordance with the new standard.  Compliance with Federal Grant Requirements. We reviewed the City’s schedule of federal expenses and selected major programs to test for compliance with federal grant requirements.

Qualitative Aspects of the Entity’s Significant Accounting Practices Significant Accounting Policies
Management has the responsibility to select and use appropriate accounting policies. A summary of the significant accounting policies adopted by the City is included in Note 1 to the financial statements. As described in Note 1(u) to the financial statements during the year, the City changed accounting policies related to leases by adopting Governmental Accounting Standards (GASB) Statement No. 87, Leases. No matters have come to our attention that would require us, under professional standards, to inform you about (1) the methods used to account for significant unusual transactions and (2) the effect of significant accounting policies in controversial or emerging areas for which there is a lack of authoritative guidance or consensus.

Significant Accounting Estimates
Accounting estimates are an integral part of the financial statements prepared by management and are based on management’s current judgments. Those judgments are normally based on knowledge and experience about past and current events and assumptions about future events. Certain accounting estimates are particularly sensitive because of their significance to the financial statements and because of the possibility that future events affecting them may differ markedly from management’s current judgments.

The most sensitive accounting estimates affecting the financial statements are:
 Management’s estimate of which capital projects represent ordinary maintenance activities necessary to keep an asset operational for its originally intended useful life versus significant improvement, replacement, and life extending projects that should be capitalized as additions to capital assets is based on management’s knowledge of the assets and their useful lives.

Attachment 2
City of Coronado Page 234
We evaluated the key factors and assumptions used to develop the amounts added to capital assets in determining that it is reasonable in relation to the financial statements taken as a whole.
 Management’s estimate of transactions related to net pension liabilities based on actuarial information. We evaluated the key factors and assumptions used to develop the amounts by the actuary and determined that it is reasonable in relation to the financial statements taken as a whole.
 Management’s estimate of transactions related to net OPEB liabilities based on actuarial information. We evaluated the key factors and assumptions used to develop the amounts by the actuary and determined that it is reasonable in relation to the financial statements taken as a whole.

Financial Statement Disclosures
Certain financial statement disclosures involve significant judgment and are particularly sensitive because of their significance to financial statement users. The most sensitive disclosures affecting the City’s financial statements are:
 The disclosure of pension plan obligations in note 10 to the financial statements.  The disclosure of post-employment health benefits in note 11 to the financial statements.

The financial statement disclosures are neutral, consistent, and clear.

Significant Unusual Transactions
For purposes of this communication, professional standards require us to communicate to you significant unusual transactions identified during our audit. There were no such transactions.

Significant Difficulties Encountered during the Audit
While we received full cooperation of management and believe that we were given direct and unrestricted access to the City’s books and records, as we disclosed in the management letter, we encountered challenges in performing and completing the audit process within the planned timeline. Primarily, these difficulties related to the implementation of the new accounting software, as well as turnover of staff, which resulted in delays to the completion of the audit.

Uncorrected and Corrected Misstatements
For purposes of this communication, professional standards also require us to accumulate all known and likely misstatements identified during the audit, other than those that we believe are trivial, and communicate them to the appropriate level of management. Further, professional standards require us to also communicate the effect of uncorrected misstatements related to prior periods on the relevant classes of transactions, account balances or disclosures, and the financial statements as a whole and each applicable opinion unit.The uncorrected financial statement misstatements summarized below whose effects in the current and prior periods, as determined by management, are immaterial, both individually and in the aggregate, to the financial statements taken as a whole.

Attachment 2
City of Coronado Page 235
Uncorrected misstatements or matters underlying those uncorrected misstatements could potentially cause future-period financial statements to be materially misstated, even though the uncorrected misstatements are immaterial to the financial statements currently under audit. We noted two immaterial misstatements that were not corrected by management: one to adjust claims payable in the golf fund and a second to reduce the workers compensation cash account for expenses incurred prior to the end of the fiscal year.

In addition, professional standards require us to communicate to you all material, corrected misstatements that were brought to the attention of management as a result of our audit procedures. The following material misstatements that we identified as a result of our audit procedures were brought to the attention of, and corrected by, management:
 $224,000 to correct the beginning fund balance and current year revenue in the wastewater fund
Disagreements with Management
For purposes of this letter, professional standards define a disagreement with management as a matter, whether or not resolved to our satisfaction, concerning a financial accounting, reporting, or auditing matter, which could be significant to the City’s financial statements or the auditor’s report. No such disagreements arose during the course of the audit.

Representations Requested from Management
We have requested certain written representations from management, which are included in the letter dated August 28, 2023.

Management’s Consultations with Other Accountants
In some cases, management may decide to consult with other accountants about auditing and accounting matters. Management informed us that, and to our knowledge, there were no consultations with other accountants regarding auditing and accounting matters.

Other Significant Matters, Findings, or Issues
In the normal course of our professional association with the City, we generally discuss a variety of matters, including the application of accounting principles and auditing standards, significant events or transactions that occurred during the year, operating and regulatory conditions affecting the entity, and operational plans and strategies that may affect the risks of material misstatement. None of the matters discussed resulted in a condition to our retention as the City’s auditors.

Other Information Included in Annual Comprehensive Financial Report Pursuant to professional standards, our responsibility as auditors for other information, whether financial or nonfinancial, included in the City’s annual report, does not extend beyond the information identified in the audit report, and we are not required to perform any procedures to corroborate such other information. However, in accordance with such standards, we have read the information and considered whether such information, or the manner of its presentation, was materially inconsistent with its presentation in the financial statements.

Attachment 2
City of Coronado Page 236
Our responsibility also includes communicating to you any information which we believe is a material misstatement of fact. Nothing came to our attention that caused us to believe that such information, or its manner of presentation, is materially inconsistent with the information, or manner of its presentation, appearing in the financial statements.

This report is intended solely for the information and use of the City Council and management of the City and is not intended to be and should not be used by anyone other than these specified parties.

Irvine, California
August 28, 2023
Attachment 2
City of Coronado Page 237
INDEPENDENT ACCOUNTANT’S REPORT
The Honorable Mayor and City Council
City of Coronado, California
We have performed the procedures enumerated below on the City of Coronado, California (City) appropriations limit worksheets for compliance with the requirements of Section 1.5 of Article XIIIB of the California Constitution for the year ended June 30, 2022. The City is responsible for compliance with Section 1.5 of Article XIIIB of the California Constitution.

The City has agreed to and acknowledged that these procedures are appropriate to meet the intended purpose of evaluating compliance with the requirements of Section 1.5 of Article XIIIB of the California Constitution and the League of California Cities publication entitled Article XIIIB Appropriations Limitation Uniform Guidelines for the year ended June 30, 2022. This report may not be suitable for any other purpose. The procedures performed may not address all the items of interest to a user of this report and may not meet the needs of all users of this report and, as such, users are responsible for determining whether the procedures performed are appropriate for their purposes.

The procedures and the associated findings are as follows:

1. We obtained the worksheets referred to above and compared the limit and annual adjustment factors included in those worksheets to the limit and annual adjustment factors that were adopted by resolution of the City Council. We also compared the population and inflation options included in the aforementioned worksheets to those that were selected by a recorded vote.

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

2. We recalculated the mathematical computations reflected in the City’s worksheets.

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

3. We compared the current year information used to determine the current year limit and agreed it to worksheets prepared by the City and to information provided by the State Department of Finance.

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

4. We compared the amount of the prior year appropriations limit presented in the worksheets to the amount adopted by the City Council for the prior year.

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

Attachment 3
City of Coronado Page 238
The Honorable Mayor and City Council
City of Coronado, California
Page Two
We were engaged by the City to perform this agreed-upon procedures engagement and conducted our engagement in accordance with standards established by the American Institute of Certified Public Accountants. We were not engaged to and did not conduct an examination or review, the objective of which would be the expression of an opinion or conclusion, respectively on the worksheets referred to above. Accordingly, we do not express such an opinion or conclusion. Had we performed additional procedures, other matters might have come to our attention that would have been reported to you. No procedures have been performed with respect to the determination of the appropriation limit for the base year, as defined by the League publication entitled Article XIIIB Appropriations Limitation Uniform Guidelines.

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

This report is intended solely for the information and use of the Management of the City of Coronado, California and is not intended to be, and should not be, used by anyone other than the specified party.

Irvine, California
August 28, 2023
Attachment 3
City of Coronado Page 239

CITY OF CORONADO
Coronado, California
Single Audit Report on Federal Awards
Year ended June 30, 2022
Attachment 4
City of Coronado Page 240

CITY OF CORONADO
Single Audit Report on Federal Awards
Year ended June 30, 2022

TABLE OF CONTENTS

Page
Report on Internal Control over Financial Reporting and on Compliance and Other Matters Based on an Audit of Financial Statements Performed in Accordance with Government Auditing Standards 1
Report on Compliance for Each Major Federal Program; Report on Internal Control over Compliance; and Report on the Schedule of Expenditures of Federal Awards Required by the Uniform Guidance 3
Schedule of Expenditures of Federal Awards 6
Notes to the Schedule of Expenditures of Federal Awards 7 Schedule of Findings and Questioned Costs 8
Summary Schedule of Prior Audit Findings 12
Attachment 4
City of Coronado Page 241

REPORT ON INTERNAL CONTROL OVER FINANCIAL REPORTING AND ON

COMPLIANCE AND OTHER MATTERS BASED ON AN AUDIT OF FINANCIAL

STATEMENTS PERFORMED IN ACCORDANCE WITH GOVERNMENT AUDITING

STANDARDS
Independent Auditor’s Report
City Council
City of Coronado
Coronado, California
We have audited, in accordance with auditing standards generally accepted in the United States of America and the standards applicable to financial audits contained in Government Auditing Standards issued by the Comptroller General of the United States, the financial statements of the governmental activities, the business-type activities, each major fund, and the aggregate remaining fund information of City of Coronado as of and for the year ended June 30, 2022, and the related notes to the financial statements, which collectively comprise City of Coronado’s basic financial statements, and have issued our report thereon dated August 28, 2023.

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

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

Our consideration of internal control over financial reporting was for the limited purpose described in the first paragraph of this section and was not designed to identify all deficiencies in internal control that might be material weaknesses or significant deficiencies and therefore, material weaknesses or significant deficiencies may exist that have not been identified. We identified certain deficiencies in internal control, described in the accompanying Schedule of Findings and Questioned Costs, as items 2022-001, 2022-002 and 2022-003 that we consider to be material weaknesses.
1 Attachment 4
City of Coronado Page 242
Report on Compliance and Other Matters
As part of obtaining reasonable assurance about whether City’s financial statements are free from material misstatement, we performed tests of its compliance with certain provisions of laws, regulations, contracts, and grant agreements, noncompliance with which could have a direct and material effect on the financial statements. However, providing an opinion on compliance with those provisions was not an objective of our audit and, accordingly, we do not express such an opinion. The results of our tests disclosed one item of noncompliance required to be reported under Government Auditing Standards, and which is described in the accompanying Schedule of Findings and Questioned Costs as item 2022-003.

City’s Response to Findings
Government Auditing Standards requires the auditor to perform limited procedures on the City’s response to the findings identified in our engagement and described in the accompanying Schedule of Findings and Questioned Costs. The City’s responses were not subjected to the other auditing procedures applied in the audit of the financial statements and, accordingly, we express no opinion on the response.

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

Irvine, California
August 28, 2023
2 Attachment 4
City of Coronado Page 243

REPORT ON COMPLIANCE FOR EACH MAJOR FEDERAL PROGRAM AND REPORT ON

INTERNAL CONTROL OVER COMPLIANCE

IN ACCORDANCE WITH THE UNIFORM GUIDANCE
Independent Auditor’s Report
City Council
City of Coronado
Coronado, California
Report on Compliance for Each Major Federal Program
Opinion on Each Major Federal Program
We have audited the City of Coronado’s (“City”) compliance with the types of compliance requirements identified as subject to audit in the OMB Compliance Supplement that could have a direct and material effect on each of the City’s major federal programs for the year ended June 30, 2022. The City’s major federal programs are identified in the summary of auditor’s results section of the accompanying schedule of findings and questioned costs.

In our opinion, the City complied, in all material respects, with the compliance requirements referred to above that could have a direct and material effect on each of its major federal programs for the year ended June 30, 2022.

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

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

Responsibilities of Management for Compliance
Management is responsible for compliance with the requirements referred to above and for the design, implementation, and maintenance of effective internal control over compliance with the requirements of laws, statutes, regulations, rules and provisions of contracts or grant agreements applicable to the City’s federal programs.
3 Attachment 4
City of Coronado Page 244
Auditor’s Responsibilities for the Audit of Compliance
Our objectives are to obtain reasonable assurance about whether material noncompliance with the compliance requirements referred to above occurred, whether due to fraud or error, and express an opinion on the City’s compliance based on our audit. Reasonable assurance is a high level of assurance but is not absolute assurance and therefore is not a guarantee that an audit conducted in accordance with GAAS, Government Auditing Standards, and the Uniform Guidance will always detect material noncompliance when it exists. The risk of not detecting material noncompliance resulting from fraud is higher than for that resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control. Noncompliance with the compliance requirements referred to above is considered material, if there is a substantial likelihood that, individually or in the aggregate, it would influence the judgment made by a reasonable user of the report on compliance about the City’s compliance with the requirements of each major federal program as a whole.

In performing an audit in accordance with GAAS, Government Auditing Standards, and the Uniform Guidance, we:
 Exercise professional judgment and maintain professional skepticism throughout the audit.
 Identify and assess the risks of material noncompliance, whether due to fraud or error, and design and perform audit procedures responsive to those risks. Such procedures include examining, on a test basis, evidence regarding the City’s compliance with the compliance requirements referred to above and performing such other procedures as we considered necessary in the circumstances.
 Obtain an understanding of the City’s internal control over compliance relevant to the audit in order to design audit procedures that are appropriate in the circumstances and to test and report on internal control over compliance in accordance with the Uniform Guidance, but not for the purpose of expressing an opinion on the effectiveness of the City’s internal control over compliance. Accordingly, no such opinion is expressed.

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

Report on Internal Control Over Compliance
A deficiency in internal control over compliance exists when the design or operation of a control over compliance does not allow management or employees, in the normal course of performing their assigned functions, to prevent, or detect and correct, noncompliance with a type of compliance requirement of a federal program on a timely basis. A material weakness in internal control over compliance is a deficiency, or a combination of deficiencies, in internal control over compliance, such that there is a reasonable possibility that material noncompliance with a type of compliance requirement of a federal program will not be prevented, or detected and corrected, on a timely basis.

A significant deficiency in internal control over compliance is a deficiency, or a combination of deficiencies, in internal control over compliance with a type of compliance requirement of a federal program that is less severe than a material weakness in internal control over compliance, yet important enough to merit attention by those charged with governance. 4 Attachment 4
City of Coronado Page 245
Our consideration of internal control over compliance was for the limited purpose described in the Auditor’s Responsibilities for the Audit of Compliance section above and was not designed to identify all deficiencies in internal control over compliance that might be material weaknesses or significant deficiencies in internal control over compliance. Given these limitations, during our audit we did not identify any deficiencies in internal control over compliance that we consider to be material weaknesses, as defined above. However, material weaknesses or significant deficiencies in internal control over compliance may exist that were not identified.

Our audit was not designed for the purpose of expressing an opinion on the effectiveness of internal control over compliance. Accordingly, no such opinion is expressed.

The purpose of this report on internal control over compliance is solely to describe the scope of our testing of internal control over compliance and the results of that testing based on the requirements of the Uniform Guidance. Accordingly, this report is not suitable for any other purpose.

Report on Schedule of Expenditures of Federal Awards Required by the Uniform Guidance
We have audited the financial statements of the governmental activities, the business-type activities, each major fund, and the aggregate remaining fund information of the City as of and for the year ended June 30, 2022, and the related notes to the financial statements, which collectively comprise the City’s basic financial statements. We issued our report thereon, dated August 28, 2023, which contained unmodified opinions on those financial statements. Our audit was conducted for the purpose of forming opinions on the financial statements that collectively comprise the basic financial statements. The accompanying schedule of expenditures of federal awards is presented for purposes of additional analysis as required by the Uniform Guidance and is not a required part of the basic financial statements.

Such information is the responsibility of management and was derived from and relates directly to the underlying accounting and other records used to prepare the basic financial statements and certain additional procedures including comparing and reconciling such information directly to the underlying accounting and other records used to prepare the basic financial statements or to the basic financial statements themselves, and other additional procedures in accordance with auditing standards generally accepted in the United States of America. In our opinion, the schedule of expenditures of federal awards is fairly stated in all material respects in relation to the basic financial statements as a whole.

Irvine, California
August 28, 2023
5 Attachment 4
City of Coronado Page 246
Federal Federal
Program Domestic Financial Amount
Federal Grantor/Pass-through Identification Assistance Assistance Paid to Grantor/Program Title Number Number Expenditures Subrecipients U.S. Department of Housing and Urban Development
Direct Programs:

Community Development Block Grant Entitlement Cluster:

Community Development Block Grant B-20-UC-06-0501 14.218 $ 40,270 $ - Total - U.S. Housing and Urban Development 40,270 -
U.S. Department of Homeland Security
Passed through the County Sheriff:

Homeland Security Grant Program
OPSG-S 20 (Stonegarden) DHS-20-GPD-067-00-02 97.067 2,180 - Total - U.S. Department of Homeland Security 2,180 -
U.S. Department of Justice
Direct Programs:

Bulletproof Vest Partnership Program
BVP (Bulletproof Vests) (100-5750) 2020BUBX20022889 16.607 5,725 - Equitable Sharing Program
Asset Forfeiture (DEA, US Marshalls) N/A 16.922 11,491 - Narcotics Task Force Reimbursement / DCESP N/A 16.922 9,316 - Joint Terrorism Task Force (FBI) N/A 16.922 5,478 -
Total - U.S. Department of Justice 32,010 -
U.S. Department of the Treasury
Passed through the State of California:

Coronavirus State and Local Fiscal Recovery Fund N/A 21.027 2,838,480 - Total - U.S. Department of the Treasury 2,838,480 -
U.S. Department of National Highway Traffic Safety Administration Direct Programs:

Highway Safety Cluster:

National Priority Safety Program
Ride to Live (2020) 69A3752030000405FCA1 20.616 5,625 - Ride to Live (2021) 69A3752130000405FCA1 20.616 24,953 - Subtotal Highway Safety Cluster 30,578 -
Total - U.S. Department of National Highway Traffic Safety Administration 30,578 - Total Expenditures of Federal Awards $ 2,943,518 $ -

CITY OF CORONADO
Schedule of Expenditures of Federal Awards
Year Ended June 30, 2022
See notes to schedule of expenditures of federal awards 6 Attachment 4
City of Coronado Page 247

CITY OF CORONADO
Notes to the Schedule of Expenditures of Federal Awards Year ended June 30, 2022
(1) Summary of Significant Accounting Policies Applicable to the Schedule of Expenditures of Federal Awards
(a) Scope of Presentation
The accompanying Schedule of Expenditures of Federal Awards (the “Schedule”) includes the federal grant activity of each of the City of Coronado’s major programs of the federal government for the year ended June 30, 2022. The information in the schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (“Uniform Guidance”).

Because the Schedule presents only a selected portion of the operations of the City of Coronado, it is not intended to and does not present the financial position, changes in net assets or cash flows of the City of Coronado. The City has not elected to use the 10 percent de minimis indirect cost rate allowed under the Uniform Guidance.
(b) Basis of Accounting
Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards wherein certain types of expenditures are not allowable or are limited as to reimbursement.
(c) Subrecipients
During the fiscal year ended June 30, 2022, the City of Coronado did not disburse any funds to subrecipients.
7 Attachment 4
City of Coronado Page 248

CITY OF CORONADO
Schedule of Findings and Questioned Costs
Year Ended June 30, 2022
Section I - Summary of Auditor's Results
Financial Statements

1. Type of auditors’ report issued on whether the financial statements audited were prepared in accordance with GAAP: Unmodified

2. Internal control over financial reporting:
a. Material weakness(es) identified? Yes
2022-001
2022-002
2022-003
b. Significant deficiency(ies) identified? No

3. Noncompliance material to the financial statements noted? Yes 2022-003
Federal Awards

1. Internal control over major programs:
a. Material weakness(es) identified? No
b. Significant deficiency(ies) identified? No

2. Type of auditors’ report issued on compliance for major programs:

Unmodified

3. Any audit findings disclosed that are required to be reported in accordance with 2 CFR 200.516 (a)? No

4. Identification of major programs:

CFDA Number Name of Federal Program or Cluster

21.027
Coronavirus State and Local Fiscal
Recovery Funds

5. Dollar threshold used to distinguish between Type A and Type B programs: $750,000

6. Auditee qualified as a low-risk auditee? No
8 Attachment 4
City of Coronado Page 249

CITY OF CORONADO
Schedule of Findings and Questioned Costs
Year Ended June 30, 2022
Section II - Financial Statement Findings
There are three financial statement findings that qualified for reporting in this category.

Finding 2022-001 – Timely and Accurate Financial Reports We noted the City’s accounting and reporting processes were delayed for the fiscal year ended June 30, 2022. The City experienced significant turnover in key staff, as well as a new system implementation that resulted in significant delays in recording of daily transactions and timely reporting. As a result, we were not able to begin the final stage of the audit until February 2023 and concluded in August 2023. Delays in receiving timely and current financial information can significantly impact management’s ability to effectively guide an organization.

Recommendation
We recommend management take steps necessary to ensure daily accounting transactions are recorded in a timely manner and year end closing journal entries are accurate and recorded. This may require the hiring of additional staff to bring the current books and records up to date. If it is determined that the department is understaffed, steps should be taken to alleviate this problem so that work can remain current without an undue hardship on any one employee.

Management's Response Regarding Corrective Action Taken or Planned As noted by the auditor, the City experienced significant turnovers in key staff and challenges in hiring consistent temporary help during numerous vacancies. The City has been actively recruiting for vacant positions, and the staffing level will be evaluated as key positions are fully or close to being fully staffed. The management also continues to work on certain post go-live implementations of additional features and functionalities of the new system to enhance the streamline of financial workflows.

Finding 2022-002 – Material Audit Adjustments and Excessive Journal Entries During our audit, we were provided with a significant number of journal entries after we received the final trial balance. In addition, we had approximately 6 journal entries detected as a result of audit procedures. Of the journal entries detected as a result of audit procedures, one resulted in a material prior period adjustment to the Wastewater Fund.

As previously mentioned, the City had significant turnover, as well as the implementation of a new accounting system, which contributed to the significant number of journal entries posted after the trial balance was finalized.
9 Attachment 4
City of Coronado Page 250

CITY OF CORONADO
Schedule of Findings and Questioned Costs
Year Ended June 30, 2022
Section II - Financial Statement Findings (Continued)
Recommendation
We recommend the City establish procedures to identify adjustments in the reporting period in which the related transactions occurred. In addition, management should take time to review account balances at year-end to ensure all adjusting journal entries have been properly recorded.

Management's Response Regarding Corrective Action Taken or Planned The City recognizes the higher number of journal entries provided after the final trial balance was submitted. The new team of City staff assigned to their first year of audit required these additional journal entries to be provided as they mostly related to necessary adjustments identified during the preparation of audit-related schedules and inquiries. We expect greater continuity of staff for next year’s audit, which will help improve the City’s preparation and review process of various audit-related schedules. The City will also review all journal entries proposed by the City and the auditors in this year’s audit to ensure that all applicable adjustments are properly recorded as part of next year’s final trial balance preparation.

Finding 2022-003 – Preparation of the Single Audit
“Upon the completion of the single audit, the reporting package (described in paragraph 5.38) and the data collection form (described in paragraph 5.39) must be electronically submitted by the auditee to the FAC. That submission must be completed within the earlier of 30 calendar days after receipt of the auditor’s reports or 9 months after the end of the audit period. If the due date falls on a Saturday, Sunday, or federal holiday, the reporting package is due the next business day.”
The City exceeded the reporting threshold of $750,000 in federal expenditures during the year ended June 30, 2022, and the Single Audit was due March 31, 2023. The City experienced significant turnover in key staff, as well as a new system implementation that resulted in delays in completing the single audit.

Recommendation
We recommend the City work toward completing subsequent single audits within the timeframe prescribed above.

Management's Response Regarding Corrective Action Taken or Planned Similar to Finding 2022-001, the City experienced significant turnovers in key staff and challenges in hiring consistent temporary help during numerous vacancies. The City has been actively recruiting for vacant positions, and the staffing level will be evaluated as key positions are fully or close to being fully staffed. The management also continues to work on certain post go-live implementations of additional features and functionalities of the new system to enhance the streamline of financial workflows.
10 Attachment 4
City of Coronado Page 251

CITY OF CORONADO
Schedule of Findings and Questioned Costs
Year Ended June 30, 2022
Section III - Federal Award Findings and Questioned Costs There were no federal award findings for the year ended June 30, 2022. 11 Attachment 4
City of Coronado Page 252

CITY OF CORONADO
Summary Schedule of Prior Audit Findings
Year Ended June 30, 2022
Section IV - Summary of Prior Audit Findings and Current Status There are no prior year audit findings.
12 Attachment 4
City of Coronado Page 253
1 INDEPENDENT AUDITOR’S REPORT ON COMPLIANCE WITH APPLICABLE

REQUIREMENT AND ON INTERNAL CONTROL OVER COMPLIANCE
To the Honorable Mayor and Members of the City Council
City of Coronado, California
Report on Compliance for the Housing Successor
Opinion
We have audited the City of Coronado Housing Successor (Housing Successor) with the type of compliance requirements described in the California Health and Safety Code sections applicable to California Housing Successor Agencies for the year ended June 30, 2022.

In our opinion, the Housing Successor complied, in all material respects, with the types of compliance requirements referred to above that could have a direct and material effect on the Housing Successor for the year ended June 30, 2022.

Basis for Opinion
We conducted our audit in accordance with auditing standards generally accepted in the United States of America (GAAS) and the standards applicable to financial audits contained in Government Auditing Standards, issued by the Comptroller General of the United States. Our responsibilities under those standards are further described in the Auditor’s Responsibilities for the Audit of the Financial Statements section of our report. We are required to be independent of the Housing Successor and to meet our other ethical responsibilities, in accordance with the relevant ethical requirements relating to our audit. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion.

Responsibilities of Management for the Financial Statements Management is responsible for compliance with the California Health and Safety Code sections applicable to California Housing Successor Agencies.

Auditor’s Responsibilities for the Audit of the Financial Statements Our objectives are to obtain reasonable assurance on the Housing Successor’s compliance with the California Health and Safety Code sections applicable to California Housing Successor agencies. Reasonable assurance is a high level of assurance but is not absolute assurance and therefore is not a guarantee that an audit conducted in accordance with GAAS will always detect a material misstatement when it exists. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control. Misstatements are considered material if there is a substantial likelihood that, individually or in the aggregate, they would influence the judgment made by a reasonable user based on the financial statements.

Attachment 5
City of Coronado Page 254
2 In performing an audit in accordance with GAAS, we:
 Exercise professional judgment and maintain professional skepticism throughout the audit.
 Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, and design and perform audit procedures responsive to those risks. Such procedures include examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements.  Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Housing Successor’s internal control.

Accordingly, no such opinion is expressed.
 Evaluate the appropriateness of accounting policies used and the reasonableness of significant accounting estimates made by management, as well as evaluate the overall presentation of the financial statements.
 Conclude whether, in our judgment, there are conditions or events, considered in the aggregate, that raise substantial doubt about the Housing Successor’s ability to continue as a going concern for a reasonable period of time.

Report on Internal Control over Compliance
Management of the Housing Successor is responsible for establishing and maintaining effective internal control over compliance with the type of compliance requirements referred to above. In planning and performing our audit of compliance, we considered the Housing Successor’s internal control over compliance with the type of requirements that could have a direct and material effect on the Housing Successor as a basis for designing the auditing procedures that are appropriate in the circumstances for the purpose of expressing our opinions on the financial statements, but not for the purpose of expressing an opinion on compliance and to test and report on internal controls over compliance. Accordingly, we do not express an opinion on the effectiveness of the Housing Successor’s internal control over compliance.

A deficiency in internal control over compliance exists when the design or operation of a control over compliance does not allow management or employees, in the normal course of performing their assigned functions, to prevent, or detect and correct, noncompliance of California Health and Safety Code sections applicable to California Housing Successor Agencies on a timely basis. A material weakness in internal control over compliance is a deficiency, or a combination of deficiencies, in internal control over compliance, such that there is a reasonable possibility that a material noncompliance with a type of compliance requirement of California Health and Safety Code sections applicable to California Housing Successor Agencies will not be prevented or detected and corrected on a timely basis. A significant deficiency in internal control over compliance is a deficiency, or a combination of deficiencies, in internal control over compliance that is less severe than a material weakness in internal control over compliance, yet important enough to merit attention by those charged with governance.

Our consideration of internal control over compliance was for the limited purpose described in the first paragraph of this section and was not designed to identify all deficiencies in internal control over compliance that might be material weaknesses or significant deficiencies.

Attachment 5
City of Coronado Page 255
3 Given these limitations, during our audit we did not identify any deficiencies in internal control over compliance that we consider to be material weaknesses. However, material weaknesses may exist that have not been identified.

Purpose of this Report
The purpose of this report on internal control over compliance is solely to describe the scope of our testing of internal control over compliance and the results of that testing based on the requirements of California Health and Safety code sections applicable to California Housing Successor Agencies. Accordingly, this communication is not suitable for any other purpose.

Report on Excess/Surplus Calculation
We have audited the financial statements of the governmental activities, the business-type activities, each major fund, and the aggregate remaining fund information of the City of Coronado, California, as of and for the year ended June 30, 2022, and we have issued our report thereon dated August 28, 2023, which contained an unmodified opinion on those financial statements. Our audit was conducted for the purpose of forming an opinion on the financial statements as a whole. The accompanying report on excess/surplus calculation is presented for the purposes of additional analysis only and is not required part of the financial statements. Such information is the responsibility of management and was derived from the financial statements. The report on excess/surplus calculation has not been subjected to the auditing procedures applied in the audit of the basic financial statements, and accordingly, we do not express an opinion or provide any assurance.

Irvine, California
August 28, 2023
Attachment 5
City of Coronado Page 256

CITY OF CORONADO HOUSING SUCCESSOR

COMPUTATION OF HOUSING SUCCESSOR
EXCESS/SURPLUS (HSC 34176.1)
Opening Fund Balance $ 921,647
Less Unavailable Amounts:
$ (6,267,883)
(6,267,883)
(5,346,236)
Aggregate amount deposited for last four years:
2021-2022 $ 29,676
2020-2021 48,191
2019-2020 112,068
2018-2019 236,675
Total $ 426,610
Base Limitation $ 1,000,000
$ 1,000,000
Computed Excess/Surplus None
Low and Moderate
Housing Funds
June 30, 2022
Greater amount
Available Housing Successor Funds
Loans Receivable
Limitation (greater of $1,000,000 or four years deposits) 4 Attachment 5
City of Coronado Page 257

CITY COUNCIL STAFF REPORT
September 19, 2023 10c

INTRODUCTION AND FIRST READING OF AN ORDINANCE TO AMEND THE CORONADO

MUNICIPAL CODE TO INCORPORATE EXPEDITED PERMITTING FOR THE INSTALLATION

OF ELECTRIC VEHICLE CHARGING STATIONS AND DETERMINATION THAT THE

PROPOSED ORDINANCE IS EXEMPT FROM ENVIRONMENTAL REVIEW PURSUANT TO CEQA SECTION 15061(B)(3)
RECOMMENDATION:

Conduct the first reading of the proposed Ordinance to amend Coronado Municipal Code title 70 by adding section 70.36 Electrical Vehicle Charging Stations (EVCS) and determine that the proposed Ordinance is exempt from environmental pursuant to California Environmental Quality Act (CEQA) section 15061(b)(3).

BACKGROUND:

Assembly Bill (AB) 1236, adopted by the State of California in 2015, mandates that local governments with a population of under 200,000 create an ordinance to establish a streamlined and accelerated permitting procedure for electric vehicle charging stations. AB 1236 was enacted with the goal of expanding the availability of charging infrastructure to promote the use of zeroemission vehicles.

In conjunction with AB 1236, AB 970, enacted in 2022, further improves the permit streamlining process by introducing specific, binding timelines for the review period. This additional legislation adds an element of efficiency and accountability to the permitting process for EVCS, aligning with California's goals of promoting cleaner energy sources and sustainable transportation practices.

An Implementation Plan for the City’s Climate Action Plan (CAP) was authorized by the City Council on June 6, 2023, outlining multiple initiatives aimed at reducing greenhouse gas emissions and fostering sustainability within the community. One of the primary objectives outlined in CAP Section 4.4.1, specifically item 1a dedicated to Electric Vehicles, is to foster the growth of EVCS. The creation of an ordinance aimed at expediting the permitting process for EVCS, in line with state mandates AB 1236 and AB 970, advances Coronado towards its goal of inspiring residents, businesses, and visitors to reduce greenhouse gas emissions through increased electric vehicle adoption.

ANALYSIS:

The proposed amendments to Coronado's Municipal Code would be in alignment with California's AB 1236 and AB 970 as outlined below:

ASSEMBLY BILL 1236
In accordance with AB 1236, cities and counties are required to adopt an ordinance and checklist that include several key elements:

1. Streamlined Ordinance: Create a clear and well-defined set of rules and regulations tailored to the needs of EVCS permits.

City of Coronado Page 258

2. Permitting Checklist: A concise permitting checklist is required to facilitate efficient processing. This checklist will outline all the necessary requirements that applicants must fulfill, providing a clear framework for the evaluation of applications.

3. Administrative Approval: To expedite decision-making, permits will be subjected to administrative approval by the building official, ensuring a streamlined decision-making process.

4. Electronic Signatures: Electronic signatures on application documents will now be accepted for permit processing.

5. Homeowner Association Exemption: Permits will not require approval from a Homeowner Association.

6. Deficiency Notice: If an application is found to be incomplete, a single comprehensive deficiency notice will be issued. Consolidating any deficiencies into one notification, allowing applicants to address all outstanding requirements at once.

ASSEMBLY BILL 970
In accordance with Assembly Bill 970, the state of California has introduced specific binding timelines for the review period of EVCS depending on the project's size and parking requirements. According to this legislation, the completeness of an application to install EVCS shall be determined by the reviewing city or county within five business days after submission. If no declaration of incompleteness or written notice highlighting deficiencies is provided within this timeframe, the application will be considered complete.

Furthermore, the bill requires an application to be deemed approved within 20 business days after the application is deemed complete. AB 970 also requires the following conditions to be met:

1. Approval by a relevant authority.

2. Determination by the building official that the installation poses no negative impact on public health or safety.

3. Does not require a use permit.

4. Absence of a permit denial by the building official.

5. Absence of an appeal to the planning commission of the respective city.

If all these conditions are met, the application will be considered approved. Furthermore, the bill stipulates that the City must decrease the required number of parking spaces by an amount sufficient to accommodate EVCS. Should the installation of the charging station and its associated equipment interfere with, reduce, eliminate, or affect the City's parking space requirements, modifications must be made to accommodate the EVCS.

AB 1236 highlights the urgency of reducing gas usage, while AB 970 emphasizes the transition to renewable electricity sources. These mandates not only prioritize environmental responsibility but also impose binding timelines on permit reviews. Given these compelling state-level directives Municipal Code Chapter 70.36 is a logical step forward.

City of Coronado Page 259
The proposed ordinance will bring the City into compliance with AB 1236 and AB 970 and simplify the EVCS permit process by utilizing a concise permitting checklist, expediting decisionmaking through binding timelines and administrative approval, accepting electronic signatures, eliminating the need for HOA approval, and consolidating multiple deficiency notices into one.

The draft ordinance with these components will ensure the City's compliance with California’s climate goals, contributing to reduced greenhouse gas emissions and fostering a more sustainable future for residents.

As such, staff recommends that the Council introduce an Ordinance creating Coronado Municipal Code Chapter 70.36 for its first reading. By incorporating the above listed elements into the permitting process, the City of Coronado will comply with state law have an efficient and streamlined system for handling EVCS permits, encouraging the expansion of the electric vehicle infrastructure and supporting the City and state of California’s sustainable transportation initiatives.

FISCAL IMPACT:

None.

ALTERNATIVE:

Council could make changes to the proposed ordinance or choose not to go forward with the adoption.

CALIFORNIA ENVIRONMENTAL QUALITY ACT:

Adoption of the proposed ordinance is exempt from CEQA review pursuant to State CEQA Guidelines Section 15061(b)(3) because there is no possibility that this ordinance may have a significant effect upon the environment.

PUBLIC NOTICE:

In lieu of the full text of the ordinance being published within 15 days after passage, the City Clerk shall publish and post the summary of the proposed ordinance at least five days before the meeting at which the ordinance is to be adopted and within 15 days after adoption.

ATTACHMENTS:

1. Ordinance 2023-03
Submitted By: Community Development Department / Jasmine Bridges City of Coronado Page 260
Attachment 1
ORDINANCE NO. 2023-03

AN ORDINANCE OF THE CITY COUNCIL OF THE CITY

OF CORONADO, CALIFORNIA, ADOPTING MUNICIPAL
CODE AMENDMENT TO ADD A NEW CHAPTER 70.36
(ELECTRIC VEHICLE CHARGING STATIONS) TO THE
CORONADO MUNICIPAL CODE.

WHEREAS, the City of Coronado is seeking approval of a Municipal Code Amendment, to add a new Chapter 70.36 (Electric Vehicle Charging Stations) to the Coronado Municipal Code to implement State law as adopted by Assembly Bill 1236 (2015), and Assembly Bill 970 (2021), in order to achieve timely and cost-effective installations for electric vehicle charging stations in accordance with California Government Code section 65850.7; and
WHEREAS, Chapter 70.36 will promote and encourage the use of electric vehicles in accordance with the City’s Climate Action Plan; and WHEREAS, an increase in the number of electric vehicle charging stations is expected to occur as the number of electric vehicles increases, which is consistent with the City’s Climate Action Plan goals to expand alternative fuel infrastructure and increase the percentage of vehicle miles traveled by electric and alternative fuel vehicles; and
WHEREAS, the proposed amendment would add a new Chapter 70.36 to the Coronado Municipal Code, including new Sections 70.36.010, 70.36.020, 70.36.030,

70.36.040, 70.36.050, and 70.36.060 to establish new definitions, a streamlined approval process, and standards for review and approval of electric vehicle charging stations; and
WHEREAS, Chapter 70.36 maintains the Building Official’s authority to protect the public health and safety; and
WHEREAS, a public hearing was held by the City Council on September 5, 2023. Evidence, both written and oral, was presented to, and considered by, the City Council at this public hearing.

NOW THEREFORE, the City Council of the City of Coronado hereby ordains as follows:

Section 1. All the above statements are true and incorporated herein.

Section 2. This activity is exempt from environmental review pursuant to CEQA section 15061(b)(3) because the proposed ordinance amendment would implement existing State law and therefore, would not enact any new regulations which could potentially result in a significant physical effect on the environment.

Section 3. Chapter 70.36 of the Coronado Municipal Code are hereby amended to read as follows:

SEE EXHIBIT “A” City of Coronado Page 261
Section 4. Severability. If any section, subsection, subdivision, paragraph, sentence, clause or phrase of this Chapter, or its application to any person or circumstance, is for any reason held to be invalid or unenforceable, such invalidity or unenforceability shall not affect the validity or enforceability of the remaining sections, subsections, subdivisions, paragraphs, sentences, clauses or phrases of this Chapter, or its application to any other person or circumstance. The City Council declares that it would have adopted each section, subsection, subdivision, paragraph, sentence, clause or phrase hereof, irrespective of the fact that any one or more other sections, subsections, subdivisions, paragraphs, sentences, clauses or phrases hereof be declared invalid or unenforceable.

EFFECTIVE DATE: This Ordinance shall be effective thirty (30) days after its adoption. Within fifteen (15) days after its adoption, the City Clerk of the City of Coronado shall cause this Ordinance to be published pursuant to the provisions of Government Code Section 36933.

INTRODUCED AND FIRST READ at a regular meeting of the City Council of the City of Coronado, California, on the September 19, 2023; and PASSED, ADOPTED, AND APPROVED by the City Council of the City of Coronado at a regular meeting thereof this __ day of __________ 2023 by the following vote to wit:

AYES:

NAYS:

ABSTAIN:

ABSENT:
_____________________________
Richard Bailey, Mayor of the
City of Coronado, California
ATTEST:
_______________________________
KELSEA HOLIAN, City Clerk of the
City of Coronado, California
*****

STATE OF CALIFORNIA )
COUNTY OF SAN DIEGO : ss.

CITY OF CORONADO )
I, Kelsea Holian, City Clerk of the City of Coronado, hereby certify that the foregoing ORDINANCE NO. 2023-03 passed at the regular meeting of the City Council of the City of Coronado held on the 3rd day of October 2023 after having been read at the regular meeting of said City Council held on the 19th day of September 2023. ________________________________
Kelsea Holian, City Clerk
City of Coronado
City of Coronado Page 262
EXHIBIT “A”
Chapter 70.36

ELECTRIC VEHICLE CHARGING STATIONS
Sections:

70.36.010 Purpose and intent.

70.36.020 Definitions.

70.36.030 Applicability.

70.36.040 Permit Application and Submittal Requirements.

70.36.050 Permit Review and Issuance.

70.36.060 Electric Vehicle Charging Station Installation Requirements.

70.36.010 Purpose and Intent
The purpose of Chapter 70.36 is to promote and encourage the use of electric vehicles in accordance with the City’s Climate Action Plan by providing an expedited, streamlined permitting process for electric vehicle charging stations for residential and non-residential uses consistent with California Government Code section 65850.7. The intent is to remove regulatory barriers and minimize permit processing costs in order to achieve timely and cost-effective installations. This Chapter allows the City to achieve those goals, prevent adverse impacts in the installation and use of electric vehicle charging stations, and maintain the Building Official’s authority to protect the public health and safety and to identify and address higher priority life-safety situations, where applicable.

70.36.020 Definitions
The following definitions shall apply to Chapter 70.36:

A. “Checklist” means the submittal checklist required by the City of Coronado to be submitted with the permit application for an electric vehicle charging station to demonstrate compliance.

B. “Electric vehicle charging station” or “charging station” means any level of electric vehicle supply equipment station that is designed and built in compliance with Article 625 of the California Electrical Code, as it reads on the effective date of this Chapter and delivers electricity from a source outside an electric vehicle into a plug-in electric vehicle.

C. “Electronic submittal” means the utilization of electronic mail (email); the Internet; or any combination of thereof.

D. “Specific, adverse impact” means a significant, quantifiable, direct, and unavoidable impact, based on objective, identified, and written public health or safety standards, policies, or conditions as they existed on the date the application was deemed complete.

City of Coronado Page 263
E. “Association” means a nonprofit corporation or unincorporated association created for the purpose of managing a common interest development.

70.36.030 Applicability
A. Chapter 70.36 applies to the permitting of all electric vehicle charging stations in the City of Coronado.

B. Electric vehicle charging stations legally established or permitted prior to the effective date of the Ordinance codified in this Chapter are not subject to the requirements of Chapter 70.36 unless physical modifications or alterations are undertaken that materially change the size, type, or components of the electric vehicle charging station in such a way as to require new permitting. Routine operation and maintenance or like-kind replacements shall not require a permit.

70.36.040 Permit Application and Submittal Requirements A. All electric vehicle charging stations shall meet applicable health and safety standards and requirements imposed by the State and the City.

B. Prior to submitting an application for processing, the applicant shall verify that the installation of an electric vehicle charging station will not have specific, adverse impacts to public health and safety and building occupants. Verification by the applicant includes but is not limited to electrical system capacity and loads; electrical system wiring, bonding and overcurrent protection; building infrastructure affected by charging station equipment and associated conduits; areas of charging station equipment and vehicle parking.

C. All documents required for the submission of an electric vehicle charging station application are available on the City website, including a Checklist of submittal requirements for expedited review. Unless otherwise specified, the Checklist shall be the most current version of the “Plug-In Electric Vehicle Infrastructure Permitting Checklist” of the “Zero-Emission Vehicles in California: Community Readiness” guidebook.

D. Electronic submittal of the required permit application and documents by email, fax, or the Internet shall be made available to all electric vehicle charging station permit applicants.

E. The permit application and associated documentation may be submitted to the Building Division in person, by mail, or by electronic submittal together with required permit processing and inspection fees. In the case of electronic submittal, the electronic signature of the applicant on all forms, applications, and other documents may be used in lieu of a wet signature.

City of Coronado Page 264

70.36.050 Permit Review and Issuance
A. The Community Development Department shall implement an administrative, nondiscretionary review process to expedite approval of electric vehicle charging stations.

B. A permit application that satisfies the information requirements in the City’s adopted Checklist shall be deemed complete and be promptly processed.

C. If an application is deemed incomplete, a written correction notice detailing all deficiencies in the application and any additional information or documentation required to be eligible for expedited permit issuance shall be sent to the applicant for resubmission.

D. Upon confirmation by the Building Official that the permit application and supporting documents meets the adopted Checklist and is consistent with all applicable laws and health and safety standards, the Building Official shall, consistent with Government Code Sections 65850.7, approve the application and issue all necessary permits. Such approval does not authorize an applicant to energize or utilize the electric vehicle charging station until the building permit is finaled by the city.

70.36.060 Electric Vehicle Charging Station Installation Requirements A. Electric vehicle charging station equipment shall meet the requirements of the California Electrical Code, the Society of Automotive Engineers, the National Electrical Manufacturers Association, and accredited testing laboratories such as Underwriters Laboratories, and rules of the Public Utilities Commission or a Municipal Electric Utility Company regarding safety and reliability.

B. Installation of electric vehicle charging stations and associated wiring, bonding, disconnecting means and overcurrent protective devices shall meet the requirements of Article 625 and all applicable provisions of the California Electrical Code.

C. Installation of electric vehicle charging stations shall be incorporated into the load calculations of all new or existing electrical services and shall meet the requirements of the California Electrical Code. Electric vehicle charging equipment shall be considered a continuous load.

D. Anchorage of either floor-mounted or wall-mounted electric vehicle charging stations shall meet the requirements of the California Building or Residential Code as applicable per occupancy, and the provisions of the manufacturer’s installation instructions. Mounting of charging stations shall not adversely affect building elements.

City of Coronado Page 265

Coronado City CouncilSeptember 19, 2023

Coronado City Council
September 19, 2023