Del Mar City Council
April 7, 2025

ATTEST AND CERTIFICATION:

STATE OF CALIFORNIA

COUNTY OF SAN DIEGO

CITY OF DEL MAR
I, Sarah Krietor, Administrative Services Manager/City Clerk of the City of Del Mar, California, DO HEREBY CERTIFY, that the foregoing is a true and correct copy of Resolution No. 2025-XX, adopted by the City Council of the City of Del Mar, California, at a Regular Meeting held the 7th day of April 2025, by the following vote:

AYES:

NOES:

RECUSE:

ABSENT:

ABSTAIN:
____ _____
Sarah Krietor, Administrative Services
Manager/City Clerk
City of Del Mar
Attachment A 28 April 7, 2025 Item 08
Local Assistance Procedures Manual EXHIBIT
14-F Utility Agreements
Exhibit 14-F Utility
Agreements

UTILITY

AGREEMENTS

SAN DIEGO ASSOCIATION OF GOVERNMENTS (SANDAG)

UTILITY AGREEMENT
County Route P.M. Project #
San Diego
Fed. Aid. No. FTACML-6066(220)
Owner's File: SANDAG CIP No. 1239813 & 1239822
FEDERAL PARTICIPATION: On the Project: Yes
On the Utilities: No
UTILITY AGREEMENT NO. 243.26-972-PL-DM and 243.26-985-PL-DM The San Diego Association of Governments (SANDAG) hereinafter "LOCAL AGENCY" proposes to relocate a 15” sewer line and 10” water line to 28th Street, in City of Del Mar, San Diego County, California.

And: City of Del Mar
hereinafter called "OWNER," owns and maintains sewer and water facilities; within the limits of LOCAL AGENCY’s project that requires relocation of said facilities to accommodate LOCAL AGENCY’s project.

It is hereby mutually agreed that:

I. WORK TO BE DONE:

In accordance with Notice to Owner No. dated , LOCAL AGENCY shall relocate OWNER's sewer and water as shown on LOCAL AGENCY's contract plans for the improvement of the San Dieguito Double Track & Special Events Platform Project, which Sewer & Water Relocation Plans are attached hereto as Exhibit “A” and by this reference are made a part hereof (“Plans”). OWNER hereby acknowledgesreview of LOCAL AGENCY's Plans for work and agrees to the construction in the manner proposed and by LOCAL AGENCY adhering to construction industry best practice standards.

Deviations from the Plans described above initiated by either the LOCAL AGENCY or the OWNER, shall be agreed upon by both parties hereto under a written Revised Notice to Owner. Such Revised Notices to OWNER, approved by the LOCAL AGENCY and agreed to and acknowledged by the OWNER, will constitute an approved revision of the Plans described above and are hereby made a part hereof. No work under said
Attachment B 29 April 7, 2025 Item 08
EXHIBIT 14-F Local Assistance Procedures Manual
Utility Agreements
deviation shall commence prior to written agreement and execution by the OWNER of the Revised Notice to OWNER. Changes in the scope of the work will require an amendment to this Agreement in addition to the revised Notice to OWNER. OWNER shall have the right to inspect the work during all phases of construction. Upon completion of the work by LOCAL AGENCY, OWNER agrees to accept ownership and maintenance of the constructed facilities that conform to the OWNER’s requirements and relinquishes and abandons the replaced facilities.

II. LIABILITY FOR WORK AND INDEMNIFICATION
LOCAL AGENCY shall, to the fullest extent permitted by law, hold harmless, protect, defend (with counsel approved by the OWNER) and indemnify the OWNER, the OWNERS’ City Council, its members, Commissioners, Boards and each member thereof, its officers, agents, employees, representatives, and their successors and assigns, from and against any and all losses, liabilities, claims, suit damage, expenses and costs, including reasonable attorney’s fees and costs, and expert costs and investigation expenses (“Claims”), which are directly caused by LOCAL AGENCYS performance under this Agreement or any negligent or wrongful act or omission associated with the construction of the Project by LOCAL AGENCY, its officers, employees, representatives,subcontractors, or agents, regardless of whether or notsuch claim, loss or liability is caused in part by a party indemnified hereunder. The LOCAL AGENCY shall have no obligation, however, to defend or indemnify the OWNER if it is determined by a court of competent jurisdiction that such Claim was caused by the negligence or willful misconduct of OWNER.

Existing facilities are located in their present position pursuant to rights of the OWNER and will be relocated at LOCAL AGENCY’s sole expense in accordance with the Plans. All existing licenses, encroachments, or other agreements between OWNER and North County Transit District (“NCTD”) shall remain in effect unless otherwise agreed to between OWNER and NCTD.

III. PERFORMANCE OF WORK
OWNER shall have access to all phases of the relocation work to be performed by LOCAL AGENCY, as described in Section I above, for the purpose of inspection to ensure that the work is in accordance with the specifications contained in the Plans; however, all questions regarding the work being performed will be directed to LOCAL AGENCY's Resident Engineer for their evaluation and to resolve any dispute in the interest of both parties.

IV. PAYMENT FOR WORK
The LOCAL AGENCY shall perform the work under Section I above at no expense to OWNER except as agreed to by amendment to this agreement.

LPP 07-04 September 28,
2007
Attachment B 30 April 7, 2025 Item 08
EXHIBIT 14-F Local Assistance Procedures Manual
Utility Agreements
V. GENERAL CONDITIONS
Upon completion of the work to be done by LOCAL AGENCY in accordance with the above-mentioned Plans, the new facilities shall become the property of OWNER, and OWNER shall have the rights in accordance with the agreements with NCTD in the new location.

IN WITNESS WHEREOF, the above parties have executed this Agreement the day and year above written.

SAN DIEGO ASSOCIATION OF GOVERNMENTS CITY OF DEL MAR
By: By:

DAVID CORTEZ, PE ASHLEY JONES

DIRECTOR OF ENGINEERING & CONSTRUCTION CITY MANAGER
Date: Date:

Distribution: 1) Owner, 2) Utility Coordinator, 3) DLAE –File, 4) District Utility Coordinator – File

September 28, 2007 LPP 07-04
Attachment B 31 April 7, 2025 Item 08
p p p p p p p p p p p p p p p p p p p p p p p p p APN 29903002 APN 29903012 APN 29906108 APN 29906109 APN 29906208 APN 29906209 APN 29906401 SAN DIEGUITO RIVER APN 29903002 APN 29903021 APN 29907103 DATE:08/18/21 LEGENDEXISTING ACCESS EXISTING FENCE 28th STREET NCTD R/W EXISTING ACCESS NOTE: AREA SUBJECT TO INUNDATION DURING 100-YEAR FLOOD. BRIDGE LIMITS NCTD R/W REVETMENT CITY OF DEL MAR STORM CHANNEL 10' DEEP WITH 2'-4' OF STANDING WATER AREA NOT ACCESSIBLE ACCESS GATE WITH LOCKS FOR CITY OF DEL MAR AND NCTD 2:1 ARTICULATED BLOCK SLOPE CITY OF DEL MAR WORK AREA DECOMPOSED GRANITE DECOMPOSED GRANITE MARINE CONCRETE ARTICULATED BLOCK DRAINAGE DTICH BRIDGE ABUTMENT RETAINING WALL HEIGHT VARIES 10' TO 5' EXISTING 6" CHAIN LINK FENCECITY OF DEL MAR PUBLIC WORKS YARD EXISTING TRAIL SIGN PLACED AT BEGINNING OF EXISTING TRAIL: "TRAIL ACCESS IS SUBJECT TO FLOODING" CONSTRUCTION SIGN PLACED: "NO TRAIL ACCESS" SLOPE 5% MAX SLOPE 5% MAX 2:1 ARTICULATED BLOCK SLOPE LIMITS OF WORK AREA AT EXISTING FENCE HOME OWNER ASSOCIATION TRAIL PLAZA DEL MAR CONDOS EXISTING PUMP STATION SIGN PLACED AT BEGINNING OF EXISTING TRAIL: "TRAIL ACCESS IS SUBJECT TO FLOODING" CONSTRUCTION SIGN PLACED: "NO TRAIL ACCESS" SIGN PLACED AT BEGINNING OF EXISTING TRAIL: "TRAIL ACCESS IS SUBJECT TO FLOODING" CONSTRUCTION SIGN PLACED: "NO TRAIL ACCESS" LIMITS OF WORK AREA DEL MAR FAIRGROUNDS SCHEMATIC LAYOUT AND WORK AREAS FOR PEDESTRIAN UNDERCROSSING DRAFT DELIBERATIVE ISSUED 11-22-24

NOT FOR CONSTRUCTION
Attachment C
32 April 7, 2025 Item 08
p p p p p p p p p
MATCHLINE "MT-1" 2828+50
MATCHLINE "MT-1" 2838+40
MATCHLINE "MT-1" 2838+40
MATCHLINE "MT-1" 2847+90 DESIGNED BY DRAWN BY SANDAG CHECKED BY 5007812 SAN DIEGUITO RIVER BRIDGE REPLACEMENT, DOUBLE TRACK AND SPECIAL EVENTS PLATFORM 401 B Street Suite 301 San Diego, CA 92101 DATE E EXP. T TA D RETSIG RNO. N FO AL OF C R L OFESSION R CIVIL IA RE NI GNE P S E E I A E E EXP. T TA D RETSIG RNO. N FO AL OF C R L OFESSION R CIVIL IA RE NI GNE P S E E I A E 1"=40' CG-104 90 GRADING AND DRAINAGE PLAN MT-1 STA 2828+50 TO MT-1 STA 2847+90 G. SHAW M. COOPER P. MCCOLL A. ANDERSON 09/24 09/24 09/24 09/24

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Attachment C
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p p p p p p p p p p p p p p p p p p p p DESIGNED BY DRAWN BY SANDAG CHECKED BY 5007812 SAN DIEGUITO RIVER BRIDGE REPLACEMENT, DOUBLE TRACK AND SPECIAL EVENTS PLATFORM 401 B Street Suite 301 San Diego, CA 92101 DATE E EXP. T TA D RETSIG RNO. N FO AL OF C R L OFESSION R CIVIL IA RE NI GNE P S E E I A E E EXP. T TA D RETSIG RNO. N FO AL OF C R L OFESSION R CIVIL IA RE NI GNE P S E E I A E 1"=20' CG-107 93 SOUTH ABUTMENT DETAIL PEDESTRIAN UNDERCROSSING G. SHAW M. COOPER P. MCCOLL A. ANDERSON 09/24 09/24 09/24 09/24

NOT FOR CONSTRUCTION
Attachment C
34 April 7, 2025 Item 08
DESIGNED BY DRAWN BY SANDAG CHECKED BY 5007812 SAN DIEGUITO RIVER BRIDGE REPLACEMENT, DOUBLE TRACK AND SPECIAL EVENTS PLATFORM 401 B Street Suite 301 San Diego, CA 92101 DATE E EXP. T TA D RETSIG RNO. N FO AL OF C R L OFESSION R CIVIL IA RE NI GNE P S E E I A E E EXP. T TA D RETSIG RNO. N FO AL OF C R L OFESSION R CIVIL IA RE NI GNE P S E E I A E AS SHOWN CG-113 99 EXISTING ROCK SLOPE PROTECTION REMOVAL G. SHAW M. COOPER P. MCCOLL A. ANDERSON 09/24 09/24 09/24 09/24 PLAN

NOT FOR CONSTRUCTION
Attachment C
35 April 7, 2025 Item 08
DESIGNED BY DRAWN BY SANDAG CHECKED BY 5007812 SAN DIEGUITO RIVER BRIDGE REPLACEMENT, DOUBLE TRACK AND SPECIAL EVENTS PLATFORM 401 B Street Suite 301 San Diego, CA 92101 DATE E EXP. T TA D RETSIG R NO. N FO AL OF C R L OFESSION R CIVIL IA RE NI GNE P S E E I A E E EXP. T TA D RETSIG R NO. N FO AL OF C R L OFESSION R CIVIL IA RE NI GNE P S E E I A E VERT: 1"=20' CG-202 101 STORM DRAIN PROFILES G. SHAW M. COOPER P. MCCOLL A. ANDERSON 09/24 09/24 09/24 09/24 HORZ: 1"=20' STORM DRAIN PROFILE 'D' STORM DRAIN PROFILE 'E' STORM DRAIN PROFILE 'F' STORM DRAIN PROFILE 'G' STORM DRAIN PROFILE 'H'

NOT FOR CONSTRUCTION
Attachment C
36 April 7, 2025 Item 08
DESIGNED BY DRAWN BY SANDAG CHECKED BY 5007812 SAN DIEGUITO RIVER BRIDGE REPLACEMENT, DOUBLE TRACK AND SPECIAL EVENTS PLATFORM 401 B Street Suite 301 San Diego, CA 92101 DATE E EXP. T TA D RETSIG RNO. N FO AL OF C R L OFESSION R CIVIL IA RE NI GNE P S E E I A E E EXP. T TA D RETSIG RNO. N FO AL OF C R L OFESSION R CIVIL IA RE NI GNE P S E E I A E CG-205 104 NORTH/SOUTH ABUTMENT SECTION AND PROFILE G. SHAW M. COOPER P. MCCOLL A. ANDERSON 09/24 09/24 09/24 09/24 AS SHOWN SOUTH ABUTMENT PEDESTRIAN UNDERCROSSING CENTERLINE PROFILE NORTH ABUTMENT SECTION

NOT FOR CONSTRUCTION
Attachment C
37 April 7, 2025 Item 08
DESIGNED BY DRAWN BY SANDAG CHECKED BY 5007812 SAN DIEGUITO RIVER BRIDGE REPLACEMENT, DOUBLE TRACK AND SPECIAL EVENTS PLATFORM 401 B Street Suite 301 San Diego, CA 92101 DATE E EXP. T TA D RETSIG RNO. N FO AL OF C R L OFESSION R CIVIL IA RE NI GNE P S E E I A E E EXP. T TA D RETSIG RNO. N FO AL OF C R L OFESSION R CIVIL IA RE NI GNE P S E E I A E TYPICAL SECTION AT PEDESTRIAN PATH ARTICULATED BLOCK OVERFLOW DITCH AS SHOWN CG-301 106 GRADING AND DRAINAGE DETAILS SHEET 1 OF 4 G. SHAW M. COOPER P. MCCOLL A. ANDERSON 09/24 09/24 09/24 09/24 TYPICAL SECTION AT PEDESTRIAN PATH ROCK SLOPE PROTECTION FAIRGROUNDS

NOT FOR CONSTRUCTION
Attachment C
38 April 7, 2025 Item 08
GENERAL NOTES GENERAL NOTES (CONT.) DESIGNED BY DRAWN BY SANDAG CHECKED BY 5007812 SAN DIEGUITO RIVER BRIDGE REPLACEMENT, DOUBLE TRACK AND SPECIAL EVENTS PLATFORM 401 B Street Suite 301 San Diego, CA 92101 DATE E EXP. T TA D RETSIG RNO. N FO AL OF C R L OFESSION R CIVIL IA RE NI GNE P S E E I A E Underground Service Alert of Southern California TOLL FREE 1-800-422-4133 TWO WORKING DAYS BEFORE YOU DIG NOTICE TO CONTRACTOR PURSUANT TO ASSEMBLY BILL 3019 NO EXCAVATION PERMIT IS VALID UNLESS THE CONTRACTOR CONTACTS AND OBTAINS AN INQUIRY I.D. NUMBER FROM "UNDER- GROUND SERVICE ALERT" (1-800-422-4133) AT LEAST TWO WORKING DAYS PRIOR TO COMMENCING EXCAVATION. CALL: R N/A CU-201 137 CITY OF DEL MAR NOTES SHEET 1 OF 2 G. SHAW M. COOPER P. MCCOLL A. ANDERSON 09/24 09/24 09/24 09/24 City of Del Mar 1050 Camino del Mar, Del Mar, CA 92014 T 858.755-9313 F 858.755-2794 www.delmar.ca.us CU-203

NOT FOR CONSTRUCTION
Attachment D
39 April 7, 2025 Item 08
DESIGNED BY DRAWN BY SANDAG CHECKED BY 5007812 SAN DIEGUITO RIVER BRIDGE REPLACEMENT, DOUBLE TRACK AND SPECIAL EVENTS PLATFORM 401 B Street Suite 301 San Diego, CA 92101 DATE E EXP. T TA D RETSIG RNO. N FO AL OF C R L OFESSION R CIVIL IA RE NI GNE P S E E I A E N/A CU-202 138 CITY OF DEL MAR NOTES SHEET 2 OF 2 G. SHAW M. COOPER P. MCCOLL A. ANDERSON 09/24 09/24 09/24 09/24 Underground Service Alert of Southern California TOLL FREE 1-800-422-4133 TWO WORKING DAYS BEFORE YOU DIG NOTICE TO CONTRACTOR PURSUANT TO ASSEMBLY BILL 3019 NO EXCAVATION PERMIT IS VALID UNLESS THE CONTRACTOR CONTACTS AND OBTAINS AN INQUIRY I.D. NUMBER FROM "UNDER- GROUND SERVICE ALERT" (1-800-422-4133) AT LEAST TWO WORKING DAYS PRIOR TO COMMENCING EXCAVATION. CALL: R City of Del Mar 1050 Camino del Mar, Del Mar, CA 92014 T 858.755-9313 F 858.755-2794 NOT www.delmar.ca.us

FOR CONSTRUCTION
Attachment D
40 April 7, 2025 Item 08
p p p p p p
p DESIGNED BY DRAWN BY SANDAG CHECKED BY 5007812 SAN DIEGUITO RIVER BRIDGE REPLACEMENT, DOUBLE TRACK AND SPECIAL EVENTS PLATFORM 401 B Street Suite 301 San Diego, CA 92101 DATE E EXP. T
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FOR CONSTRUCTION
Attachment D
41 April 7, 2025 Item 08
City of Del Mar
1050 Camino del Mar, Del Mar, CA 92014
T 858.755-9313 F 858.755-2794
www.delmar.ca.us
401 B Street
Suite 301
San Diego, CA 92101

NOT FOR CONSTRUCTION
Attachment D 42 April 7, 2025 Item 08
DESIGNED BY DRAWN BY SANDAG CHECKED BY 5007812 SAN DIEGUITO RIVER BRIDGE REPLACEMENT, DOUBLE TRACK AND SPECIAL EVENTS PLATFORM 401 B Street Suite 301 San Diego, CA 92101 DATE E EXP. T TA D RETSIG RNO. N FO AL OF C R L OFESSION R CIVIL IA RE NI GNE P S E E I A E WALL PENETRATION DETAIL STEEL CASING DETAIL City of Del Mar 1050 Camino del Mar, Del Mar, CA 92014 T 858.755-9313 F 858.755-2794 www.delmar.ca.us G. SHAW M .COOPER C. HAHN A. ANDERSON 09/24 09/24 09/24 09/24 DETAILS AS SHOWN CU-301 XX REINFORCED PRECAST VALVE VAULT FOR TRAFFIC LOADS AND LADDER PLAN PROFILE

NOT FOR CONSTRUCTION
Attachment D
43 April 7, 2025 Item 08
p p p p p p p p p
MATCHLINE "MT-1" 2828+50
MATCHLINE "MT-1" 2838+40
MATCHLINE "MT-1" 2838+40
MATCHLINE "MT-1" 2847+90 DESIGNED BY DRAWN BY SANDAG CHECKED BY 5007812 SAN DIEGUITO RIVER BRIDGE REPLACEMENT, DOUBLE TRACK AND SPECIAL EVENTS PLATFORM 401 B Street Suite 301 San Diego, CA 92101 DATE E EXP. T TA D RETSIG RNO. N FO AL OF C R L OFESSION R CIVIL IA RE NI GNE P S E E I A E E EXP. T TA D RETSIG RNO. N FO AL OF C R L OFESSION R CIVIL IA RE NI GNE P S E E I A E 1"=40' CG-104 90 GRADING AND DRAINAGE PLAN MT-1 STA 2828+50 TO MT-1 STA 2847+90 G. SHAW M. COOPER P. MCCOLL A. ANDERSON 09/24 09/24 09/24 09/24

NOT FOR CONSTRUCTION
Attachment D
44 April 7, 2025 Item 08
p p p p p p p p p p p p p p p p p p p p DESIGNED BY DRAWN BY SANDAG CHECKED BY 5007812 SAN DIEGUITO RIVER BRIDGE REPLACEMENT, DOUBLE TRACK AND SPECIAL EVENTS PLATFORM 401 B Street Suite 301 San Diego, CA 92101 DATE E EXP. T TA D RETSIG RNO. N FO AL OF C R L OFESSION R CIVIL IA RE NI GNE P S E E I A E E EXP. T TA D RETSIG RNO. N FO AL OF C R L OFESSION R CIVIL IA RE NI GNE P S E E I A E 1"=20' CG-107 93 SOUTH ABUTMENT DETAIL PEDESTRIAN UNDERCROSSING G. SHAW M. COOPER P. MCCOLL A. ANDERSON 09/24 09/24 09/24 09/24

NOT FOR CONSTRUCTION
Attachment D
45 April 7, 2025 Item 08
DESIGNED BY DRAWN BY SANDAG CHECKED BY 5007812 SAN DIEGUITO RIVER BRIDGE REPLACEMENT, DOUBLE TRACK AND SPECIAL EVENTS PLATFORM 401 B Street Suite 301 San Diego, CA 92101 DATE E EXP. T TA D RETSIG RNO. N FO AL OF C R L OFESSION R CIVIL IA RE NI GNE P S E E I A E E EXP. T TA D RETSIG RNO. N FO AL OF C R L OFESSION R CIVIL IA RE NI GNE P S E E I A E AS SHOWN CG-113 99 EXISTING ROCK SLOPE PROTECTION REMOVAL G. SHAW M. COOPER P. MCCOLL A. ANDERSON 09/24 09/24 09/24 09/24 PLAN

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Attachment D
46 April 7, 2025 Item 08
DESIGNED BY DRAWN BY SANDAG CHECKED BY 5007812 SAN DIEGUITO RIVER BRIDGE REPLACEMENT, DOUBLE TRACK AND SPECIAL EVENTS PLATFORM 401 B Street Suite 301 San Diego, CA 92101 DATE E EXP. T TA D RETSIG R NO. N FO AL OF C R L OFESSION R CIVIL IA RE NI GNE P S E E I A E E EXP. T TA D RETSIG R NO. N FO AL OF C R L OFESSION R CIVIL IA RE NI GNE P S E E I A E VERT: 1"=20' CG-202 101 STORM DRAIN PROFILES G. SHAW M. COOPER P. MCCOLL A. ANDERSON 09/24 09/24 09/24 09/24 HORZ: 1"=20' STORM DRAIN PROFILE 'D' STORM DRAIN PROFILE 'E' STORM DRAIN PROFILE 'F' STORM DRAIN PROFILE 'G' STORM DRAIN PROFILE 'H'

NOT FOR CONSTRUCTION
Attachment D
47 April 7, 2025 Item 08
DESIGNED BY DRAWN BY SANDAG CHECKED BY 5007812 SAN DIEGUITO RIVER BRIDGE REPLACEMENT, DOUBLE TRACK AND SPECIAL EVENTS PLATFORM 401 B Street Suite 301 San Diego, CA 92101 DATE E EXP. T TA D RETSIG RNO. N FO AL OF C R L OFESSION R CIVIL IA RE NI GNE P S E E I A E E EXP. T TA D RETSIG RNO. N FO AL OF C R L OFESSION R CIVIL IA RE NI GNE P S E E I A E CG-205 104 NORTH/SOUTH ABUTMENT SECTION AND PROFILE G. SHAW M. COOPER P. MCCOLL A. ANDERSON 09/24 09/24 09/24 09/24 AS SHOWN SOUTH ABUTMENT PEDESTRIAN UNDERCROSSING CENTERLINE PROFILE NORTH ABUTMENT SECTION

NOT FOR CONSTRUCTION
Attachment D
48 April 7, 2025 Item 08
DESIGNED BY DRAWN BY SANDAG CHECKED BY 5007812 SAN DIEGUITO RIVER BRIDGE REPLACEMENT, DOUBLE TRACK AND SPECIAL EVENTS PLATFORM 401 B Street Suite 301 San Diego, CA 92101 DATE E EXP. T TA D RETSIG RNO. N FO AL OF C R L OFESSION R CIVIL IA RE NI GNE P S E E I A E E EXP. T TA D RETSIG RNO. N FO AL OF C R L OFESSION R CIVIL IA RE NI GNE P S E E I A E TYPICAL SECTION AT PEDESTRIAN PATH ARTICULATED BLOCK OVERFLOW DITCH AS SHOWN CG-301 106 GRADING AND DRAINAGE DETAILS SHEET 1 OF 4 G. SHAW M. COOPER P. MCCOLL A. ANDERSON 09/24 09/24 09/24 09/24 TYPICAL SECTION AT PEDESTRIAN PATH ROCK SLOPE PROTECTION FAIRGROUNDS

NOT FOR CONSTRUCTION
Attachment D
49 April 7, 2025 Item 08
© 2020 Microsoft Corporation © 2019 DigitalGlobe ©CNES
LEGEND CONSTRUCTION ACCESS, LAYDOWN AREAS AND CONSTRUCTION EASEMENTS DRAFT DELIBERATIVE ISSUED: 11/22/2024 DESIGNED BY DRAWN BY SANDAG CHECKED BY 5007812 SAN DIEGUITO RIVER BRIDGE REPLACEMENT, DOUBLE TRACK AND SPECIAL EVENTS PLATFORM 401 B Street Suite 301 San Diego, CA 92101 DATE E EXP. T TA D RETSIG RNO.

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Attachment E
50 April 7, 2025 Item 08
LEGEND CONCEPTUAL TRAFFIC CONTROL PLAN CITY OF DEL MAR DRAFT DELIBERATIVE ISSUED: 11/22/2024 “ ” GENERAL NOTES: TRAFFIC CONTROL CONCEPT FOR WORK TO BE DONE BY AREA: CONSTRUCTION ACCESS NOTES: DESIGNED BY DRAWN BY SANDAG CHECKED BY 5007812 SAN DIEGUITO RIVER BRIDGE REPLACEMENT, DOUBLE TRACK AND SPECIAL EVENTS PLATFORM 401 B Street Suite 301 San Diego, CA 92101 DATE E EXP. T TA D RETSIG RNO. N FO AL OF C R L OFESSION R CIVIL IA RE NI GNE P S E E I A E E EXP. T TA D RETSIG RNO. N FO AL OF C R L OFESSION R CIVIL IA RE NI GNE P S E E I A E CS-008

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Attachment E
51 April 7, 2025 Item 08
Attachment F 52 April 7, 2025 Item 08
Attachment F 53 April 7, 2025 Item 08
Attachment G 54 April 7, 2025 Item 08
City of Del Mar
Agenda Report
________________________________________________________________________________________________________ City Council Action:

TO: Honorable Mayor and City Council Members
FROM: Joe Bride, Public Works Director
Karen Falk, Principal Engineer
Polly Robertson, Management Analyst
Via Ashley Jones, City Manager
DATE: April 7, 2025
SUBJECT: Resolution Approving the Del Mar Projects for Inclusion in the TransNet Local Street Improvement Program of Projects for Fiscal Years 2025-2026 through 2029-2030
BACKGROUND:

REQUESTED ACTION/RECOMMENDATION:

Staff recommends that City Council conduct a public hearing and adopt a Resolution (Attachment A) approving Del Mar projects for inclusion in the TransNet Local Street Improvement Program of Projects as part of the Regional Transportation Improvement Program for Fiscal Year 2025-2026 through Fiscal Year 2029-2030.

TransNet is the half-cent sales tax for funding local transportation projects that was first approved by voters in 1988. On November 4, 2004, the voters of San Diego County approved the San Diego Transportation Improvement Program Ordinance and Expenditure Plan (TransNet Extension Ordinance) that extended TransNet for an additional 40-year period.

The San Diego Association of Governments (SANDAG) approves the TransNet Program of Projects (POP) list as an element of the Regional Transportation Improvement Program (RTIP) every two years. The RTIP is a multi-year program of proposed major highway, arterial, transit, and bikeway projects. The SANDAG Board, in its role as the San Diego County Regional Transportation Commission, approves a five-year program of projects to be funded with TransNet revenues.

DISCUSSION/ANALYSIS:

On February 19, 2025, SANDAG released its TransNet Revenue Forecast for the fiveyear period of Fiscal Year 2025-2026 through Fiscal Year 2029-2030 for the Local Street Improvements (LSI) program (Attachment B). SANDAG’s TransNet revenue estimates are based on forecasted sales and the half-cent tax that is applied to each sale and are adjusted annually.
1 April 7, 2025 Item 09
City Council Agenda Report
TransNet Local Streets Improvement Program
April 7, 2025

SANDAG estimates that the City of Del Mar will receive a total of $692,000 in TransNet LSI funds during Fiscal Years 2025-2026 through Fiscal Year 2029-2030. In addition, the City has an estimated carry-over of $604,000 from FY 2024-2025 that will be spent in FY 2025-2026 on pavement improvement projects.

To use TransNet LSI funds on City projects, those projects must be included within the SANDAG approved POP. City staff proposes funding pavement improvements and local match to the Camino del Mar Bridge Replacement with TransNet revenues for the next five fiscal years as listed in the table below. The amounts in the table represent only the RTIP portion of the full amount, not the anticipated annual City expenditure.

Del Mar’s Amended RTIP List of Programmed Projects

PROJECT
ID PROJECT TITLE FY 25/26
FY
26/27
FY
27/28
FY
28/29
FY
29/30
TOTAL
DM 01 Annual Street Maintenance
(Small Area Repairs) $39,000 $40,000 $41,000 $42,000 $44,000 $206,000 DM 02
Local Match to Bridge
Retrofit Projects (Camino
del Mar Bridge over San
Dieguito River
Replacement Project)
$0 $10,000 $10,000 $10,000 $0 $30,000
DM 06 Sidewalk, Street, and
Drainage Improvements $92,000 $85,000 $86,000 $90,000 $103,000 $456,000 Revenue Forecast $131,000 $135,000 $137,000 $142,000 $147,000 $692,000 Estimated Carry Over $604,000 $0 $0 $0 $0
Estimated Funding Available $735,000 $135,000 $137,000 $142,000 $147,000 $1,296,000 The proposed list of programmed projects during the Fiscal Year 2025-2026 includes adjustments to the Annual Street Maintenance (DM 01) and Sidewalk, Street, and Drainage Improvements (DM 06) to reflect the overall decrease in the projected revenues for the next five years. Staff recommends deferring the use of RTIP funds for the Camino del Mar Bridge (DM 02) until Fiscal Year 2026-2027, when the project enters the construction phase.

The proposed Resolution (Attachment A) provides certification to SANDAG that the City:
1) will not spend more than 30% of annual revenues on maintenance-related projects; 2) will comply with TransNet requirements that all new and revised projects will accommodate travel by pedestrians and bicyclists; and 3) meets all applicable provisions of the TransNet Extension Ordinance and SANDAG Board Policy 31. 2 April 7, 2025 Item 09
City Council Agenda Report
TransNet Local Streets Improvement Program
April 7, 2025

The TransNet Extension Ordinance requires the City to expend a minimum annual level of local discretionary funds for street and road purposes throughout the five-year RTIP.

This Maintenance of Effort (MOE) requirement is adjusted every three years and audited on an annual basis. Currently, the City's annual MOE for use on streets and roads is $379,643, with an additional requirement that $17,493 be spent on specialized transportation services such as those provided by Del Mar Community Connections to seniors and persons with disabilities. Since the City’s MOE requirement is based on the City’s General Fund revenues which includes Measure Q revenue, the City funds a proportionate share of its annual MOE requirement ($45,500) using Measure Q funds.

FISCAL IMPACT:

There is no fiscal action to be taken by the City Council related to this item. The transportation related project expenditures and anticipated RTIP funding discussed in this report total $1,296,000 over the next five fiscal years. RTIP funding for specialized transportation and street and road services to meet the City’s MOE requirement is included in the FY 2024-25 Operating and Capital Budget.

ENVIRONMENTAL IMPACT:

The proposed City Council action does not constitute a “project” under the definition set forth in California Environmental Quality Act (CEQA) Guidelines Section 15378 because it will not have a potential to result in a direct or indirect physical change in the environment and is, therefore, not subject to CEQA. No further action under CEQA is required. Each project will receive the appropriate environmental review at time of implementation.

NEXUS TO CITY COUNCIL GOALS AND PRIORITIES:

TransNet funds support the City Council’s approved Tier 1 Capital Improvement Projects.

ATTACHMENTS:

Attachment A – Resolution Adopting City of Del Mar’s RTIP Program of Projects for FY 2025-2026 through FY 2029-2030
Attachment B – TransNet Revenue Forecast – Local Street Improvement Program 3 April 7, 2025 Item 09

ATTACHMENT A
RESOLUTION NO. 2025-XX

A RESOLUTION OF THE CITY/COUNTY OF THE CITY OF DEL

MAR, CALIFORNIA, ADOPTING THE LIST OF DEL MAR

PROJECTS FOR INCLUSION IN THE TRANSNET LOCAL

STREET IMPROVEMENT PROGRAM OF PROJECTS FOR
FISCAL YEARS 2025-2026 THROUGH 2029-2030
WHEREAS, on November 4, 2004, the voters of San Diego County approved the San Diego Transportation Improvement Program Ordinance and Expenditure Plan (TransNet Extension Ordinance), which has been amended from time to time in accordance with the applicable amendment requirements; and
WHEREAS, the TransNet Extension Ordinance provides that SANDAG, acting as the Regional Transportation Commission, shall approve on a biennial basis a multi-year program of projects submitted by local jurisdictions identifying those transportation projects eligible to use transportation sales tax (TransNet) funds; and WHEREAS, the City of Del Mar was provided with an estimate of annual TransNet local street improvement revenues for fiscal years 2025-2026 through 2029-2030; and WHEREAS, the City of Del Mar has held a noticed public hearing with an agenda item that clearly identified the proposed list of projects prior to approval of the projects by its authorized legislative body in accordance with Section 5(A) of the TransNet Extension Ordinance and Rule 7 of SANDAG Board Policy No. 31.

NOW THEREFORE, BE IT RESOLVED that pursuant to Section 2(C)(1) of the TransNet Extension Ordinance, the City of Del Mar certifies that no more than 30 percent of its cumulative revenues shall be spent on local street and road maintenance-related projects, or that its expenditures are consistent with the most recent TransNet Extension Ordinance requirements adopted by SANDAG.

BE IT FURTHER RESOLVED that pursuant to Section 4(E)(3) of the TransNet Extension Ordinance, the City of Del Mar certifies that all new projects, or major reconstruction projects, funded by TransNet revenues shall accommodate travel by pedestrians and bicyclists, and that any exception to this requirement permitted under the Ordinance and proposed shall be clearly noticed as part of the City of Del Mar’s public hearing process.

BE IT FURTHER RESOLVED that pursuant to Section 8 of the TransNet Extension Ordinance, the City of Del Mar certifies that the required minimum annual level of local discretionary funds to be expended for street and road purposes will be met throughout the 5-year period consistent with the most recent Maintenance of Effort Requirements adopted by SANDAG.
4 April 7, 2025 Item 09
Resolution No. 2025-XX

BE IT FURTHER RESOLVED that pursuant to Section 9A of the TransNet Extension Ordinance, the City of Del Mar certifies that it will exact $2,875.06 plus all applicable annual increases, from the private sector for each newly constructed residential housing unit in that jurisdiction (unless exempted under the TransNet Extension Ordinance,) and shall contribute such exactions to the Regional Transportation Congestion Improvement Program (RTCIP).

BE IT FURTHER RESOLVED that pursuant to Section 13 of the TransNet Extension Ordinance, the City of Del Mar certifies that it has established a separate Transportation Improvement Account for TransNet revenues with interest earned expended only for those purposes for which the funds were allocated.

BE IT FURTHER RESOLVED that pursuant to Section 18 of the TransNet Extension Ordinance, the City of Del Mar certifies that each project of $250,000 or more will be clearly designated during construction with TransNet project funding identification signs.

BE IT FURTHER RESOLVED that the City of Del Mar does hereby certify that all other applicable provisions of the TransNet Extension Ordinance and SANDAG Board Policy No. 31 have been met.

BE IT FURTHER RESOLVED that the City of Del Mar agrees to indemnify, hold harmless, and defend SANDAG, the San Diego County Regional Transportation Commission, and all officers and employees thereof against all causes of action or claims related to City of Del Mar’s TransNet funded projects.

PASSED, APPROVED, AND ADOPTED by the City Council of the City of Del Mar, California at a Regular Meeting held on the 7th day of April, 2025. _____________________________
Terry Gaasterland, Mayor
City of Del Mar
APPROVED AS TO FORM:
____________________________
Leslie E. Devaney, City Attorney
City of Del Mar
5 April 7, 2025 Item 09
Resolution No. 2025-XX

ATTEST AND CERTIFICATION:

STATE OF CALIFORNIA

COUNTY OF SAN DIEGO

CITY OF DEL MAR
I, SARAH KRIETOR, Administrative Services Manager/City Clerk of the City of Del Mar, California, DO HEREBY CERTIFY, that the foregoing is a true and correct copy of Resolution No. 2025-XX, adopted by the City Council of the City of Del Mar, California, at a Regular Meeting held the 7th day of April 2025, by the following vote:

AYES:

NOES:

RECUSE:

ABSENT:

ABSTAIN:
__________________________________
Sarah Krietor, Administrative Services
Manager/City Clerk
City of Del Mar
6 April 7, 2025 Item 09
02/19/2025
Jurisdiction
January 2023
Population3
Maintained
Miles3 FY 2025* FY 2026 FY 2027 FY 2028 FY 2029 FY 2030 Carlsbad 115,045 429.45 $4,827 $4,843 $4,911 $5,038 $5,202 $5,381 Chula Vista 276,813 561.44 $9,272 $9,304 $9,435 $9,679 $9,997 $10,343 Coronado 22,272 45.89 $795 $798 $809 $828 $854 $882
Del Mar4 3,918 26.11 $134 $131 $135 $137 $142 $147
El Cajon 104,804 197.30 $3,468 $3,480 $3,529 $3,619 $3,737 $3,865 Encinitas 61,254 172.02 $2,321 $2,328 $2,361 $2,421 $2,499 $2,584 Escondido 150,571 342.35 $5,244 $5,262 $5,336 $5,474 $5,652 $5,847 Imperial Beach4 26,109 45.65 $835 $712 $899 $922 $950 $982 La Mesa 60,753 143.84 $2,173 $2,181 $2,211 $2,267 $2,340 $2,420 Lemon Grove 27,517 62.40 $998 $1,002 $1,015 $1,040 $1,073 $1,109 National City 58,374 104.46 $1,928 $1,934 $1,961 $2,011 $2,075 $2,146 Oceanside 172,186 433.11 $6,190 $6,211 $6,299 $6,461 $6,673 $6,903 Poway 48,620 177.28 $2,048 $2,055 $2,084 $2,137 $2,205 $2,280 San Diego 1,383,623 2,798.88 $46,112 $46,268 $46,925 $48,144 $49,730 $51,458 San Marcos4 94,823 182.58 $2,237 $2,247 $2,292 $2,375 $2,482 $2,600 Santee4 59,574 115.84 $1,207 $1,208 $1,227 $1,269 $1,325 $1,512 Solana Beach4 12,831 42.57 $232 $234 $241 $254 $272 $291 Vista 100,113 175.22 $3,251 $3,262 $3,308 $3,393 $3,503 $3,623 County4 511,223 1,994.51 $20,306 $20,472 $20,722 $21,296 $22,043 $22,853 Subtotal Street & Road*** 3,290,423 8,050.9 $113,581 $113,933 $115,699 $118,764 $122,754 $127,224 42% 35%
Local EMP5 $7,364 $7,250 $7,274 $7,377 $7,567 $7,815
Local Smart Growth5 $8,592 $8,458 $8,487 $8,606 $8,828 $9,117 *Estimate updated in January 2025
**Revenue estimates for planning purposes only. Payments will be based on actual sales tax monthly receipts from the State Board of Equalization. *** Totals may not add up due to rounding

4. Revenues are net of estimated commercial paper and/or bond debt service payments

5. EMP to be distributed on a project by project basis; Smart Growth to be allocated based on Call for Projects process.

TransNet Revenue Forecast - Local Street Improvement Program1 Revised FY 2025 and Estimates for FY 2026 to FY 2030 (in $000s)**

1.Projection of revenues are based on estimate of growth rate on taxable sales as forecasted by SANDAG and excludes interest and prior year excess funds.

2. Distribution of revenue estimates are based on the 2004 Proposition A Extension: San Diego Transportation Improvement Program and Expenditure Plan and apportioned as follows: (a) $50,000 annual base per agency ; (b) balance distributed on a formula of 2/3 population and 1/3 maintained miles.

3. Population numbers are based on state Department of Finance (DOF) report of January 2023 population; Maintained miles figures are based on Caltrans 2023 California Public Road Data (December 2024).

Attachment B 7 April 7, 2025 Item 09
City of Del Mar
Agenda Report
________________________________________________________________________________________________________ City Council Action:

TO: Honorable Mayor and City Council Members
FROM: Ashlea Houston, Management Analyst
Clem Brown, Assistant City Manager
Captain Shane Watts, San Diego County Sheriff’s Department Via Ashley Jones, City Manager
DATE: April 7, 2025
SUBJECT: Introduction of Ordinance to Regulate Bicycles, Including Electric Bicycles, in the City of Del Mar
REQUESTED ACTIONS/RECOMMENDATION:

Staff recommends that the City Council introduce an Ordinance (Attachment A) adding Chapter 14.54 to the City’s Traffic Code (Title 14 of the Del Mar Municipal Code) regulating the use of bicycles, including e-bikes, in the City of Del Mar.

BACKGROUND:

Del Mar, like other neighboring jurisdictions, has seen a dramatic increase in the number of e-bikes throughout the community. E-bikes provide a clean alternative to vehicular travel and serve as a more efficient mode of transportation compared to a traditional bicycle. However, inexperienced or unsafe e-bike riders can put pedestrians and drivers at risk of serious injuries or even death. Fatal e-bike collisions in the neighboring cities of Carlsbad and Encinitas led both cities to act by adopting e-bike regulations with increased enforcement abilities. The City of Solana Beach also updated its municipal code to incorporate e-bike regulations modeled after those two cities’ provisions.

In Del Mar, the City Council has identified e-bike safety as an important concern, as echoed by the San Diego County Sheriff’s Department and members of the community.

Moreover, the Fiscal Year (FY) 2024-2025 City Council Work Plan includes a Tier 2 priority item to update the Del Mar Municipal Code (DMMC) to add e-bike regulations reflecting those of our neighboring jurisdictions in Encinitas and Solana Beach.

DISCUSSION/ANALYSIS:

Largely initiated by the pandemic, the rapid increase in e-bike riders has highlighted the need for adopting regulations to promote the safety of all bicycle riders and pedestrians, including e-bike riders. Many new e-bike riders may not know or do not properly follow the rules of the road, putting themselves and others at risk of serious injuries or death.

The Sheriff’s Department encourages consistent enforcement of e-bikes across all three cities serviced by the North Coastal Sheriff’s Station, including Del Mar, Encinitas, and Solana Beach. Encinitas and Solana Beach have adopted updates to their municipal 1 April 7, 2025 Item 10
City Council Agenda Report
Introduction of Ordinance to Regulate Bicycles, Including Electric Bicycles, in the City of Del Mar March 17, 2025

codes to provide the Sheriff’s Department with alternative enforcement options and educational tools for e-bike riders.

Along with updating e-bike regulations, the Sheriff’s Department encourages the cities it services to offer a diversion program as an alternative to issuing citations for violations of bicycle and e-bike laws. Both Encinitas and Solana Beach have included diversion programs in their municipal code updates. A diversion program allows a deputy to require the completion of a bicycle training safety course under the provisions of the municipal code instead of triggering the California Vehicle Code (CVC) citation process, which requires appearance in traffic court and payment of a fine defined by the CVC, or completion of traffic school. Instead, first-time violators are typically diverted to bicycle training safety courses hosted by the San Diego Bicycle Coalition.

The Ordinance (Attachment A) proposes adding Chapter 14.54 to the DMMC to regulate bicycle and e-bike activity in the City. Currently, aside from the Pilot Bike Share Program governed under DMMC Chapter 14.60, the DMMC lacks a chapter dedicated specifically to bicycle/e-bike regulations. If adopted, the proposed new Chapter 14.54 would provide a Citywide definition of bicycles, to include e-bikes, consistent with the definition under the CVC; specify regulations applicable to riders and their passengers; and give the Sheriff’s Department authority to divert first-time bicycle/e-bike offenders to a bicycle safety training program rather than issuing a citation. The proposed regulations are consistent with existing regulations in effect in Encinitas and Solana Beach. The Sheriff’s Department has also reviewed and is supportive of the proposed regulations. Adopting the proposed Ordinance will facilitate a unified enforcement approach across the three cities services by the North Coastal Sheriff’s Station and further protect the safety of riders and pedestrians.

If introduced by the City Council, the Ordinance would return to Council for consideration and adoption on April 21, 2025, and would be effective 30 days after adoption.

FISCAL IMPACT:

There is no fiscal impact or action to be taken related to this Agenda item.

ENVIRONMENTAL IMPACT:

The proposed City Council action does not constitute a “project” under the definition set forth in California Environmental Quality Act (CEQA) Guidelines Section 15378 because it will not have a potential to result in a direct or indirect physical change in the environment and is, therefore, not subject to CEQA. No further action under CEQA is required.

NEXUS TO CITY COUNCIL GOALS AND PRIORITIES:

E-Bike Safety – Municipal Code Amendments is listed as a Tier 2 City Council priority for FY 2024-2025.

ATTACHMENTS:

Attachment A — Proposed Ordinance to Regulate Bikes/E-Bikes 2 April 7, 2025 Item 10
Attachment A
ORDINANCE No. XXXX

AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF DEL
MAR, CALIFORNIA, ADDING CHAPTER 14.54 TO THE DEL MAR

MUNICIPAL CODE REGULATING BICYCLES, INCLUDING

ELECTRIC BICYCLES, IN THE CITY OF DEL MAR
WHEREAS, the City of Del Mar (City) enacted Title 14 of the Del Mar Municipal Code (DMMC) to regulate traffic within the City; and
WHEREAS, violations of DMMC Title 14 provisions are generally punishable as infractions, unless otherwise expressly stated; and
WHEREAS, the City has seen an increase in the use of electric bicycles, also commonly referred to as “e-bikes”, within the City; and WHEREAS, the City Council desires to adopt provisions regulating the use of bicycles within the City, including e-bikes, to continue protecting the public health, safety and welfare of the community and its residents and visitors, including by enhancing traffic and pedestrian safety; and
WHEREAS, the City Council further desires to allow first-time offenders who violate any such provisions with an opportunity to take an approved bicycle training safety course in lieu of receiving a citation.

NOW, THEREFORE, the City Council of the City of Del Mar, California, does hereby ordain as follows:

SECTION ONE:

The above recitals are true and correct and are incorporated by reference into this action.

SECTION TWO:

That a new Chapter 14.54 be added to the Del Mar Municipal Code as follows:

Chapter 14.54 – Bicycles

14.54.010 – Purpose. The purpose of this Chapter is to establish regulations regarding the use of Bicycles and Electric Bicycles on any public roadway, street, highway, parkway, rightof-way, alley, or other public property within the City of Del Mar.

14.54.020 – Definitions. For purposes of Chapter 14.54, the following definitions shall apply:

Bicycle shall have the same meaning as ascribed in California Vehicle Code Section 231, as that section may be amended from time to time. The term Bicycle as used herein shall include Electric Bicycles, as defined below.

Electric Bicycle (E-bike) shall have the same meaning as ascribed in California Vehicle Code Section 312.5, as that section may be amended from time to time. 3 April 7, 2025 Item 10
Ordinance No. XXXX

Business District shall mean any commercial zone in the City of Del Mar, including but not limited to commercial zones within the Village Center District.

14.54.030 – Laws Applicable to Persons Operating and/or Riding Bicycles.

A. Any person operating or riding a Bicycle shall exercise reasonable care and safety, and shall observe all applicable laws, including, but not limited to, yielding to pedestrians and obeying the instructions of official traffic control signals, signs, and other devices applicable to vehicles.

B. Any person operating or riding a Bicycle upon a roadway shall be granted those rights and subject to those duties established by the laws of the State of California and by this Title, which are applicable to persons operating or riding in a vehicle, except for those provisions that, by their nature, can have no application.

C. It shall be unlawful for any person required by the California Vehicle Code to wear a helmet while operating or riding a Bicycle to wear the helmet in any way other than the fashion for which the helmet is designed to be worn, including, but not limited to, the use of straps and strap closure mechanisms.

D. It shall be unlawful for any person operating or riding a Bicycle to cling or attach themselves or the Bicycle to any other moving vehicle.

14.54.040 – Areas Where Riding Bicycles is Prohibited.

Within the City of Del Mar, it shall be unlawful for any person to ride a Bicycle in, on or upon:

A. Any sidewalk in a Business District.

B. Any sidewalk posted with signs prohibiting such riding.

C. Any street with a designated bicycle path or way.

D. Any park or preserve (consistent with Section 8.04.090 of this Municipal Code).

E. Any trail or walkway within the confines of the San Dieguito Lagoon and River Valley, unless designated and signed as permitting Bicycle access (consistent with Section

8.12.030 of this Municipal Code).

14.54.050 – Enforcement.

In lieu of the imposition of the penalties authorized by this Title and/or the filing of charges in a court of competent jurisdiction, the Sheriff or Chief of Police or designee may allow a firsttime violator of this Chapter to complete an agency-approved bicycle training safety course, if and when such a program is available.
4 April 7, 2025 Item 10
Ordinance No. XXXX

SECTION THREE:

The City Council finds that approval of this Ordinance is exempt from the preparation of an environmental document pursuant to the California Environmental Quality Act (CEQA) Guidelines Section 15378. This action does not constitute a “project” under the definition set forth in CEQA Guidelines Section 15378 because it will not have a potential to result in a direct or indirect physical change in the environment and is, therefore, not subject to CEQA.

No further action under CEQA is required.

SECTION FOUR:

This Ordinance was introduced by the City Council on April 7, 2025.

SECTION FIVE:

The City Clerk is direct to prepare and have published a summary of this Ordinance no less than five days prior to the consideration of its adoption and again within 15 days following adoption indicating votes cast.

SECTION SIX:

If any section, subsection, subdivision, paragraph, sentence, clause, phrase or portion of this Ordinance is, for any reason, held invalid or unconstitutional, such decision shall not affect the validity or effectiveness of the remaining portions of this Ordinance.

SECTION SEVEN:

Upon adoption, the Ordinance will take effect and be in force 30 days from the date that the City Council takes action to adopt the Ordinance.

PASSED, APPROVED AND ADOPTED by the City Council of the City of Del Mar, California, at a regular meeting held on the 21st day of April 2025. ____________________________
Terry Gaasterland, Mayor
City of Del Mar
APPROVED AS TO FORM:
____________________________
Leslie E. Devaney, City Attorney
City of Del Mar
5 April 7, 2025 Item 10
Ordinance No. XXXX

ATTEST AND CERTIFICATION:

STATE OF CALIFORNIA

COUNTY OF SAN DIEGO

CITY OF DEL MAR
I, SARAH KRIETOR, Administrative Services Manager/City Clerk of the City of Del Mar, California, DO HEREBY CERTIFY, that the foregoing is a true and correct copy of Ordinance No. XXXX, which has been published pursuant to law, and adopted by the City Council of the City of Del Mar, California, at a Regular Meeting held the 21st day of April 2025, by the following vote:

AYES:

NOES:

RECUSE:

ABSENT:

ABSTAIN:
______________________________
Sarah Krietor, Administrative Services
Manager/City Clerk
City of Del Mar
6 April 7, 2025 Item 10
City of Del Mar
Agenda Report
________________________________________________________________________________________________________ City Council Action:

TO: Honorable Mayor and City Council Members
FROM: Amanda Lee, Principal Planner
Karen Brindley, Planning and Community Development Director Via Ashley Jones, City Manager
DATE: April 7, 2025
SUBJECT: Introduction of an Ordinance to Accept California Coastal Commission (CCC) Modifications to Amend Del Mar Municipal Code (DMMC) Chapters 30.22 (Central Commercial Zone) and 30.31 (Public Facilities Zone) in Local Coastal Program Amendment Ordinance No. 1006 Adopted by the City Council on April 15, 2024, for Consistency with the February 6, 2025, Coastal Commission Conditional Certification Decision
REQUESTED ACTION/RECOMMENDATION:

Staff recommends the City Council introduce an Ordinance (Attachment A) to accept changes required by the CCC as a condition of final certification of the Local Coastal Program Amendment (LCPA), which amends the Central Commercial (CC) Zone regulations in DMMC Chapter 30.22 and Public Facilities (PF) Zone regulations in DMMC Chapter 30.31 to increase local housing capacity.

BACKGROUND:

On April 15, 2024, the City Council adopted Ordinance No. 1006 (Attachment B), amending the City’s Local Coastal Program, as necessary for compliance with the City’s certified 6th Cycle Housing Element (2021-2029) Program 1C (CC Zone) and Program 1H (PF Zone).

The action applies to the CC Zone (9th Street to 15th Street along Camino del Mar) along with nine public facilities sites (10th and 28th Street vacant lots, Civic Center, library, post office, and four water towers). Following approval by the Council, the Ordinance was submitted to the CCC for certification as required.

Additional background regarding the Local Coastal Program amendments may be accessed in the following links to City Council Agenda reports for March 18, April 1, and April 15, 2024:
https://www.delmar.ca.us/DocumentCenter/View/9230/Item-8---CC-PF-Zone-Amendments https://www.delmar.ca.us/AgendaCenter/ViewFile/Agenda/_04012024-3423 https://www.delmar.ca.us/AgendaCenter/ViewFile/Agenda/_04152024-3436 1 April 7, 2025 Item 11
City Council Agenda Report
CCC Modifications to CC/PF Housing-Related Amendments
April 7, 2025

DISCUSSION/ANALYSIS:

On February 6, 2025, the CCC conditionally certified the City’s CC/PF LCPA application to allow 20 dwelling units per acre (du/ac), which increases the allowed density in the CC zone and PF zone for projects that include an affordable housing component. The CCC staff report (Item Th20d) may be accessed in the following link:
https://www.coastal.ca.gov/meetings/agenda/
The CCC conditional certification approval action resulted in required modifications that include:
• Disclosure that the City-owned 28th Street lot is located in the Floodplain Overlay Zone; • Clarification that the existing horizontal zoning requirement will apply to housing development;
• Removal of standards related to “bulk and mass” and “neighbor privacy” due to the redundancy with existing City design standards found in other Chapters of the DMMC; and
• Minor corrections made to strengthen existing coastal protection standards and to amend separately published lists of the use designations and allowed uses for the respective zones to ensure consistency.

The required CCC modifications as shown in Attachment C are consistent with the Del Mar Community Plan (General Plan) as amended by City Council action on April 1, 2024, which allows 20 dwelling units per acre (du/ac) density in the CC Zone and PF Zone subject to specific criteria and context specific factors that are applicable to the respective zones. The allowance of 20 du/ac density ensures that certain properties will be eligible to apply for processing of a Density Bonus project in accordance with State Density Bonus Law (DBL).

However, it is important to note that the State’s DBL does not supersede or lessen the effect of the California Coastal Act.

The amendments will continue to maintain small-scale pedestrian-oriented development that minimizes impacts to local neighborhoods consistent with the CC/PF LCPA Ordinance adopted by the City Council on April 15, 2024. This includes consistency with existing LCP protections for:
• Maximum building height (26 feet above grade on both sides of Camino del Mar and 14 feet above the adjacent curb on the west side of Camino del Mar); • Protections of public scenic views (i.e., views of the Pacific Ocean from Camino del Mar and other public vantage points) to the maximum extent possible without preventing the reasonable use of private property;
• Protection of public access to the shoreline; and
• Protection of public safety from coastal hazards.

Proposed future development will require a Coastal Development Permit (CDP) that accounts for the site-specific development context and the ability of the project to conform with the certified LCP and the obligation to adopt required findings for approval under DMMC Section 2 April 7, 2025 Item 11
City Council Agenda Report
CCC Modifications to CC/PF Housing-Related Amendments
April 7, 2025

30.75.140. However, under certain circumstances a permit for a Density Bonus project may be denied if the City makes a finding that: 1) the request for concessions or incentives would not result in identifiable and actual cost reductions to provide for affordable housing; 2) the request would have a specific adverse impact on public health, safety, the environment, or historic resources; or 3) the request would be contrary to federal or state law.

The introduction and adoption of the proposed Ordinance reflecting the CCC modifications will allow the City to obtain final certification approval from the CCC. If introduced, the Ordinance would return to the Council for consideration and adoption on April 21, 2025. The adopted regulations will take effect on the date CCC grants final certification approval, which typically occurs at the first available CCC hearing following City Council adoption.

FISCAL IMPACT:

There is no fiscal action to be taken by the City Council for this agenda item.

ENVIRONMENTAL IMPACT:

In accordance with the California Environmental Quality Act (CEQA), it has been determined based on substantial evidence in the record that the amendments would not result in any significant effects on the environment or an increase in the severity of effects on the environment as previously analyzed and identified in the Final Program Environmental Impact Report (PEIR) for the 6th Cycle Housing Element. Pursuant to CEQA Guidelines Section 15162, no further environmental documentation is therefore necessary because the certified 6th Cycle Housing Element Final PEIR analyzed the proposed action, and no further environmental document is required. The 6th Cycle Housing Element Final Program Environmental Impact Report (PEIR) and associated Mitigation, Monitoring, and Reporting Program was certified by the City Council on October 5, 2020 (State Clearinghouse (SCH) No. 2020029064). The Final PEIR is available at:
www.delmar.ca.us/DocumentCenter/View/7171/Final-PEIR-91020 HOUSING IMPACT:

In April 2024, the Del Mar Community Plan was amended to increase the City’s housing capacity by creating sites allowing 20 dwelling units per acre to facilitate future development of affordable housing in accordance with the certified 6th Cycle Housing Element. The associated code amendments are necessary for consistency with the Community Plan and will result in the completion of Housing Element Programs 1C and 1H. The result of this action will create new housing opportunities and implement the Housing Element Program 6B (Affirmatively Furthering Fair Housing) commitment to create new opportunities for housing mobility and relocation to and within Del Mar with a goal of creating 100 additional housing opportunities beyond the City’s Regional Housing Needs Allocation (RHNA). These actions will further improve housing choices and affordability options for moderate income, lower income, and special needs households.
3 April 7, 2025 Item 11
City Council Agenda Report
CCC Modifications to CC/PF Housing-Related Amendments
April 7, 2025

NEXUS TO CITY COUNCIL GOALS AND PRIORITIES:

Implementation of the identified zoning actions in compliance with the City’s 6th Cycle Housing Element is a Tier 1 (Highest) City Council priority work plan item.

ATTACHMENTS:

Attachment A – Proposed Ordinance Accepting CCC Modifications to Ordinance No. 1006 Attachment B – Previously Adopted Ordinance No. 1006
Attachment C – CCC Modifications in Strikeout-Underline Format 4 April 7, 2025 Item 11

ATTACHMENT A
ORDINANCE NO. XXXX

AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF

DEL MAR, CALIFORNIA, AMENDING THE DEL MAR
MUNICIPAL CODE (ZONING CODE) CHAPTER 30.22

CENTRAL COMMERCIAL (CC) ZONE REGULATIONS AND
CHAPTER 30.31 PUBLIC FACILITIES (PF) ZONE AS
ADOPTED BY PROSPECTIVE ORDINANCE NO. 1006; AND
AMENDING THE CITY’S CERTIFIED LOCAL COASTAL

PROGRAM (LCP) BY AMENDING THE LCP LAND USE
DESIGNATIONS/ALLOWED USES” LIST IN THE LCP LAND
USE PLAN; AND AMENDING THE LCP “ZONING USE
DESIGNATIONS/ALLOWED USES” LIST IN THE LCP
IMPLEMENTATION PLAN; ALL RELATING TO

AMENDMENTS REQUIRED BY THE CALIFORNIA

COASTAL COMMISSION AS A CONDITION OF APPROVAL

FOR THE CITY TO OBTAIN FINAL CERTIFICATION OF

THE ORDINANCES NEEDED FOR IMPLEMENTATION OF
THE 6TH CYCLE HOUSING ELEMENT PROGRAMS 1C (CC
ZONE) AND 1H (PF ZONE)
WHEREAS, the City’s certified 6th Cycle Housing Element includes commitments identified in Program 1C (Central Commercial), Program 1H (Public Facilities), and Program 6B (Fair Housing) to increase local housing capacity by amending the City’s Community Plan (General Plan), Del Mar Municipal Code (DMMC), and Local Coastal Program (LCP); and
WHEREAS, in a noticed public hearing on February 21, 2024, the Planning Commission recommended the City Council approve the CEQA determination and adopt amendments to the Central Commercial (CC) Zone and Public Facilities (PF) Zone land use designations and regulations in the Del Mar Community Plan, DMMC, and LCP with the stipulation that new project development will apply the maximum height of the certified LCP based on the local topography which slopes downward from east to west, the protection of existing public scenic views, and the need to maintain the existing pedestrian scale in accordance with the Del Mar Community Plan and certified LCP; and WHEREAS, on April 1, 2024, the City Council approved the CEQA determination and adopted amendments to the Del Mar Community Plan to implement the City’s 6th Cycle Housing Element commitments identified in Program 1C (Central Commercial), Program 1H (Public Facilities), and Program 6B (Fair Housing); and WHEREAS, on April 15, 2024, the City Council adopted Ordinance No. 1006 with companion amendments required by Housing Element Programs 1C, 1H, and 6B amending the Del Mar Municipal Code and Local Coastal Program (LCP) for the Central Commercial (CC) Zone and Public Facilities (PF) Zone; and 5 April 7, 2025 Item 11
Ordinance No. XXXX

WHEREAS, City staff engaged in extensive public outreach to encourage public participation in formulating these adopted regulations, which included articles posted on the City’s website, multiple announcements made in the City’s weekly updates, and multiple announcements made during public meetings including the Planning Commission and City Council meetings; and
WHEREAS, the whole of the City of Del Mar is located entirely within the “Coastal Zone” boundary and is therefore subject to full compliance with the California Coastal Act; and
WHEREAS, in order to effectively implement applicable State housing laws, the City must harmonize the Coastal Act and the City’s LCP policies and regulations with the State housing laws to ensure protection of sensitive coastal resources, protection of public coastal view sheds, provide coastal parking to ensure public access, and protect the public health and safety of residents and visitors; and WHEREAS, on February 6, 2025, the California Coastal Commission voted to conditionally certify the City’s CC/PF Ordinance/LCPA with modifications imposed as a condition of approval; and
WHEREAS, on March 21, 2025, the notice of City Council public hearing was published in the Coast News and mailed notices were sent to all interested parties; and WHEREAS, the required CCC modifications have been incorporated herein; and WHEREAS, adoption of this Ordinance (allowing 20 dwelling units per acre density in the Central Commercial and Public Facilities Zones, subject to specific criteria and development context specific factors) allows the City to obtain final certification approval from the California Coastal Commission and to complete its implementation of the 6th Cycle Housing Element commitments, allowing the City to maintain compliance with State law and avoid decertification of its Housing Element.

NOW, THEREFORE, BE IT RESOLVED, that the City Council of the City of Del Mar, California, based on substantial evidence in the whole of the administrative record, hereby finds and declares the following:

1. The foregoing Findings and with the incorporation of the above stated Recitals are true and correct and are integrated into this action.

2. The Del Mar Community Plan land use designations for Central Commercial and Public Facilities adopted by Resolution on April 1, 2024, and the amendments to the Local Coastal Program and Zoning Code (Del Mar Municipal Code Title 30) in prospective Ordinance No. 1006 adopted April 15, 2024, and this Ordinance are consistent with State law requirements (California Government Code Section 65860 et seq) that requires that land use and zoning designations be consistent as applied to site development.
6 April 7, 2025 Item 11
Ordinance No. XXXX

3. The CC Zone applies to the majority of land within the City’s Village Center, which is a pedestrian-oriented downtown that runs along Camino del Mar between 9th Street and 15th Street. This area is Del Mar’s principal commercial, visitor-serving, small-scale, pedestrian oriented downtown, which includes scenic blue water ocean views. The existing regulations limit building height to twenty-six (26) feet above grade and a maximum of fourteen (14) feet above the curb elevation on the west side of Camino del Mar. The applicable Community Plan and LCP policies reflect the community vision to maintain the unique, small-town character and strong community identity through building design and height limits, which preserve ocean views and promote an open space small-town atmosphere.

4. Within the CC Zone, there is one developed multi-tenant commercial property known as “Stratford Square” that is located at 1438 Camino del Mar in the Historic Preservation Overly Zone. The property is a fully occupied commercial property that is small in size at 0.21 acres (9,375 sf). While the property may become eligible to process a Density Bonus project per State DBL as a result of the density increase to 20 dwelling units per acre, any proposed development would be required to be consistent with State and Federal law, including provisions for protection of historic resources and ensure protection of public health and safety.

5. The PF zone applies to ten public facilities, all of which are City-owned with the exception of the Del Mar Library (County-owned) and U.S. Post Office (Federallyowned). A Sites Analysis identified housing development potential for nine public facilities in the PF Zone including: the vacant 10th Street and 28th Street lots in the City’s 6th Cycle Housing Element, the Del Mar Civic Center, Del Mar Library, United States Post Office, and four water towers (Pine Needles, Crest, 11th Street, and Zuni). Shores Park was explicitly excluded as a potential site for housing in the certified 6th Cycle Housing Element.

6. Within the PF Zone, there is one vacant property at 28th Street that is located within the floodplain identified by the Federal Emergency Management Agency (FEMA) as subject to periodic inundation due to flooding as identified by best available science, are being exacerbated by climate change and sea level rise (existing and projected). Applicable federal, state, and local regulations ensure that new development in the floodplain will be appropriately sited and constructed so as to avoid flood hazards to those who will occupy the development; and to avoid damage or hazards to the surrounding area. On a citywide basis, the City is addressing projected flood conditions to minimize flood risk through adaptation mitigation measures. These measures are consistent with the adopted City of Del Mar Sea Level Rise Adaptation Plan (Environmental Science Associates October 2018). Currently, the City has an existing system of shoreline protection along the shoreline in the North Beach neighborhood, which has been maintained in accordance with the Beach Preservation Initiative and the Beach Overlay Zone policies and regulations in the City’s certified Local Coastal Program. In addition, the City has a Sand Compatibility Opportunistic Use Program in place to facilitate sediment management and maintenance of a wide beach and is in process of 7 April 7, 2025 Item 11
Ordinance No. XXXX

preparing a conceptual plan for a living levee, vegetated berm system, to provide flood adaptation along the banks of the San Dieguito River in accordance with the City’s adopted Sea Level Rise Adaptation Plan and the Coastal Act. All new development, including the City-owned vacant 28th Street parcel, must demonstrate how the proposed development will implement adaptation measures to minimize flood damage and avoid flood hazards in accordance with the City’s certified LCP and the California Coastal Act Chapter 3, Article 6, Section 30253(a) (Cal. Pub. Res. Code Section 30253(a)). These protections will be further enhanced through the requirement for disclosure of applicable overlay zones (i.e., location of the City-owned 28th Street vacant lot in the Floodplain Overlay Zone).

7. There are no identified environmentally sensitive coastal resources or environmentally sensitive habitat areas that are located within the CC Zone or PF Zone. Protection of these natural habitats and environmentally sensitive resources is a cornerstone of the Coastal Act found in the California Coastal Act Chapter 3, Article 6, Section 30240 (Cal. Pub. Res. Code Section 30240). State Density Bonus law specifically provides that coastal resource protections found in the California Coastal Act are not to be superseded or its effects lessened.

8. Within the CC Zone and PF Zone and surrounding neighborhoods there are public scenic view corridors to coastal resources that are protected under the California Coastal Act. Consistent with the Coastal Act Chapter 3, Article 6, Section 30251, these scenic and visual qualities of coastal areas shall be considered and protected as a resource of public importance. Permitted development shall be sited and designed to protect views to and along the ocean and scenic coastal areas. (See: Cal. Pub. Res. Code Sec. 30251). New development in highly scenic areas such as those designated in the California Coastline preservation and Recreation Plan prepared by the Department of Parks and Recreation and by local government shall be subordinate to the character of its setting. (See: cal. Pub. Res.

Code Section 30251).

9. In order to protect coastal resources and public access, State DBL does not supersede or lessen the effect of the California Coastal Act. (Cal. Gov. Code. Sec. 65915(m). Density Bonus project development may not obstruct the public scenic and visual qualities of the City’s coastal areas. To be consistent with the mandates of the California Coastal Act, building restricted easements are enforced and certain height restrictions, including the existing certified height limit of 26 feet above grade and a maximum of 14 feet above the curb elevation on the west side of Camino del Mar, may be enforced on Density Bonus project development to ensure protection of public scenic coastal vistas.

10. Application of the existing height in the certified LCP for the CC Zone will implement the Del Mar Community Plan and certified LCP Land Use Plan policies to maintain pedestrian scale and preserve public scenic views that exist throughout the CC Zone due to the topography which slopes from the hill above to the east of the CC Zone down toward the south beach shoreline located west of the CC Zone. 8 April 7, 2025 Item 11
Ordinance No. XXXX

NOW THEREFORE, BE IT FURTHER RESOLVED, the City Council of the City of Del Mar hereby ordains as follows:

SECTION ONE: That DMMC Section 30.22.031 for the CC Zone shall be amended to read as follows:

30.22.031 Allowance for Multi-Dwelling Unit Residential Use A. Multiple dwelling unit residential use (0-20 dwelling units per acre) is an allowed use in the CC zone for mixed use projects that include an affordable housing component for lower income households. The minimum amount of affordable housing units included in a project must be calculated in accordance with Chapter

24.21 and provided on site. Any fractional unit obligation shall be rounded up.

B. Proposed multiple dwelling unit development shall maintain a pedestrian-oriented, predominately retail village character, with attractive walkways and courts which encourage social interaction.

C. Project design shall maintain public scenic views and public access protections consistent with the certified Local Coastal Program.

SECTION TWO: That DMMC Section 30.31.020 (PF Zone Allowed Uses) shall be amended as follows:

30.31.020 Allowable Uses
The following uses are allowable in the PF Zone:

A. Public schools.

B. Private schools that are open to the public and whose primary function is providing educational programs for pre-school students and students in grades K through

12. C. City, county, state and federal buildings and uses, including:

Administrative offices
Fire and police stations
Public works buildings
Public meeting rooms or chambers
Libraries
Postal offices
Public parking facilities
Public parks and playgrounds
D. Utility structures, such as: Pump stations and water tanks 9 April 7, 2025 Item 11
Ordinance No. XXXX

E. With the exception of the Shores Park site (APNs 300-200-01, 300-200-02, 300- 200-22, 300-200-23), multiple dwelling unit residential (at a density of 0-20 dwelling units per acre or the maximum number of dwelling unit specified for the parcel in the certified Housing Element, whichever is greater) that includes affordable housing for lower income households shall be an allowed use in the PF zone. State law defines a lower income household as people or families whose gross income does not exceed 80 percent of Area Median Income (AMI) and includes low income, very low income, and extremely low-income households.

1. Proposed multiple dwelling unit residential development shall comply with the maximum height and setbacks specified in Section 30.31.070 and with the maximum floor area and lot coverage applicable to adjacent properties with a common boundary in accordance with the certified Local Coastal Program.

2. Project design shall maintain public scenic views and public access protections consistent with the certified Local Coastal Program.

3. Prior to issuance of a Coastal Development Permit for the 28th Street parcel, located within the special flood hazard area identified on the most recent FEMA Flood Insurance Rate Map (FIRM), the project shall demonstrate compliance with the following conditions of approval:
a. Development shall be located and designed, including elevation and flood proofing, to minimize flood damage and flood hazards, including with consideration of sea level rise.
b. Development shall comply with the certified Local Coastal Program. c. Owners and successors in interest of any development on the 28th Street parcel shall notify dwelling unit occupants of all overlay zones applicable to the property.

SECTION THREE: That the City’s certified Local Coastal Program Land Use Plan Chapter II Land Use Development policies for the Village Center District shall be amended as follows:

C. LAND USE DEVELOPMENT GOALS AND POLICIES - BY DISTRICT

9. Village Center District
This area is designated primarily as Central Commercial (CC) and is Del Mar’s principal commercial, visitor serving and professional area. The Village Center is a pedestrianoriented downtown that is intended to group housing, retail services, and commercial services with facilities for civic and community activities. It extends along both sides of Camino del Mar, beginning at 9th Street and reaching north to 15th Street. The District 10 April 7, 2025 Item 11
Ordinance No. XXXX

contains the site of the U.S. Post Office, City Hall, and City of Del Mar’s branch of the County of San Diego Library designated as PF (Public Facilities) on the Land Use Map.

Multiple specific plan areas are also included in the Village District. The Specific Plan for the Del Mar Hotel, (HSP west side of Camino del Mar at 15th Street) generally limits the uses on the site to a hotel, timeshare and short term rental units and associated retail uses. The Specific Plan for the Del Mar Plaza, (PSP east side of Camino del Mar at 15th Street) generally limits the uses on site to restaurant and retail uses with a small percentage allowed for office use. The 941 Camino del Mar Specific Plan (941SP east side of Camino del Mar at 10th Street) generally limits the uses to a combination of restaurant, retail, short term rental, and residential uses. Each of the Specific Plan areas devotes a portion of the property to public and quasi-public use. Each of these specific plans were voter approved and require a recorded Development Agreement between the City and the developer/property owner. Where a particular conflict arises between the provisions of a valid and recorded Development Agreement and any policies of this Land Use Plan that have been subsequently adopted, the former shall continue to be binding and shall supersede the subsequently adopted policies of this Land Use Plan.

Subsequent development agreements or amendments to existing Development Agreements shall be consistent with the Land Use Plan in effect at the time.

The CC (Central Commercial) designation encompasses the majority of land within the Village District. The CC designation allows for a variety of commercial uses aimed at serving the needs of both residents and visitors to the area. Due to the City’s popularity as a visitor-destination point, the majority of the property in the CC Zone has been developed with uses that serve both residents and visitors. The Central Commercial area allows pedestrian-oriented retail activities, commercial services and a limited number of offices; and multiple dwelling unit residential (0-20 dwelling units per acre) in non-street fronting building spaces (except as permitted by DMMC Section 30.22.033) that includes affordable housing for lower income households and is designed consistent with the policy intent to retain a pedestrian-oriented downtown and compliance with the certified Local Coastal Program. State law defines a lower income household as people or families whose gross income does not exceed 80 percent of Area Median Income (AMI) and includes low income, very low income, and extremely low-income households.

In order to facilitate the demand for more goods and services, the following policies have been developed to better utilize the commercially designated land in the Village Center District.
a. In the Village Center District, large single purpose businesses, and businesses catering to an automotive public (drive-through banks, drive through food stands, etc.) shall be discouraged.
b. In the Village Center District, building designs which incorporate a unique and small-town character shall be encouraged and building designs which are based on a corporate identity or logo shall be discouraged.
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Ordinance No. XXXX

c. In the Village Center District, retail enterprises whose primary purposes are to satisfy the needs of the community and enhance the quality and convenience of life in Del Mar shall be encouraged.
d. In the Central Commercial portion of the Village Center District, retail uses shall be encouraged over office uses for floor area located at the street level of structures fronting Camino del Mar. Residential uses shall not be permitted in street-fronting building spaces (except as permitted by DMMC Section

30.22.033).
e. While some office space is desirable, it shall be concentrated in the southern portion of the Village Center District.
f. In addition to a variety of commercial businesses, the Village Center District should have a Community Center, complete with Council Chambers, City Hall, Library and Communications Center; attractive walkways, and a variety of open spaces such as courts and landscaped areas.
g. Pedestrian-oriented streetscape which promotes social interaction, pedestrian use and a strong community identity shall be encouraged in the Village Center District.
h. In the Village Center District, structures shall be in keeping with the pedestrian scale and village character of the community.
i. In the Village Center District, structures shall be of an architectural style which retains a low scale intensity of development, utilizes designs which preserve ocean views, and promotes an open space small-town atmosphere. [No change to #10]
SECTION FOUR: That the City’s certified Local Coastal Program Land Use Plan Map “Land Use Designations/Allowed Uses” descriptions for the CC Zone and the PF Zone be amended as follows:

LAND USE DESIGNATIONS/ALLOWED USES
[No change to R1-40 through CVPP]
CC - Retailing of goods and dispensing of services, (exclusive of drive-through). Shops, Delis, Restaurants, Cafes, florists, Hardware, Offices, Financial institutions, Pharmacies, Gasoline service stations*, Bars*, Cocktail lounges*, Theatres*, Vet clinics*, Hotels/Motels*, and multiple dwelling unit residential (0-20 dwelling units per acre) in nonstreet fronting building spaces (except as permitted by DMMC Section 30.22.033) that includes affordable housing for lower income households. State law defines a lower income household as people or families whose gross income does not exceed 80 percent 12 April 7, 2025 Item 11
Ordinance No. XXXX

of Area Median Income (AMI) and includes low income, very low income, and extremely low-income households.
[No change to BC through PSP]
SECTION FIVE: That the City’s certified Local Coastal Program Zoning Map “Zoning Use Designations/Allowed Uses” descriptions for the CC Zone and the PF Zone be amended as follows:

ZONING USE DESIGNATIONS/ALLOWED USES
[No change to R1-40 through CVPP]
CC - Retailing of goods and dispensing of services, (exclusive of drive-through). Shops, Delis, Restaurants, Cafes, Florists, Hardware, Offices, Financial institutions, Pharmacies, Gasoline service stations*, Bars*, Cocktail lounges*, Theatres*, Vet clinics*, Hotels/Motels*, and multiple dwelling unit residential (0-20 dwelling units per acre) in nonstreet fronting building spaces (except as permitted by DMMC Section 30.22.033) that includes affordable housing for lower income households. State law defines a lower income household as people or families whose gross income does not exceed 80 percent of Area Median Income (AMI) and includes low income, very low income, and extremely low-income households.
[No change to BC through PP]
PF - Public schools; City, County, State and Federal buildings; Utility structures; and with the exception of the Shores Park site (APNs 300-200-01, 300-200-02, 300-200-22, 300- 200-23), multiple dwelling unit residential (at a density of 0-20 dwelling units per acre or the maximum number of dwelling unit specified for the parcel in the certified Housing Element, whichever is greater) that includes affordable housing for lower income households. State law defines a lower income household as people or families whose gross income does not exceed 80 percent of Area Median Income (AMI) and includes low income, very low income, and extremely low-income households. [No change to 941 SP through PSP]
SECTION SIX:

Pursuant to the California Environmental Quality Act (CEQA), the proposed actions have been the subject of prior environmental analysis in the 6th Cycle Housing Element Update Final Program Environmental Impact Report (SCH No. 2020029064) certified by the City Council on October 5, 2020 (Resolution 2020-52), which analyzed and disclosed anticipated impacts of future housing development. Refer to the Final 6th Cycle PEIR:
www.delmar.ca.us/DocumentCenter/View/7171/Final-PEIR-91020 No new or substantially greater impacts would result. As such, pursuant to CEQA Guidelines Sections 15162, and based on the review of the entire record, including 13 April 7, 2025 Item 11
Ordinance No. XXXX

without limitation, the Final PEIR referenced above, the proposed action does not require a subsequent EIR or further environmental review.

SECTION SEVEN:

Pursuant to the certified 6th Cycle Housing Element, these amendments were adopted prior to April 2024 to implement Housing Element Program 1C (Central Commercial Zone), Program 1H (Public Facilities Zone), and Program 6B (Affirmatively Furthering Fair Housing) to ensure the City’s certified Housing Element continues to be maintained in compliance with State law. HCD indicated in its May 31, 2023, Housing Element certification letter that the City must continue the timely and effective implementation of all Housing Element programs to maintain its status of having a certified Housing Element, and that HCD has the authority to revoke the City’s Housing Element compliance if the City’s actions do not comply with State law or the Housing programs are not timely implemented. The Coastal Commission conditionally certified the Ordinance/LCPA on February 6, 2025. The City scheduled the introduction hearing for the amending ordinance to occur on the first available date for the associated public hearing of the City Council.

SECTION EIGHT:

This Ordinance was introduced by the City Council on April 7, 2025.

SECTION NINE:

The City Clerk is directed to prepare and have published a summary of this Ordinance no less than five days prior to the consideration of its adoption and again within 15 days following adoption indicating votes cast.

SECTION TEN:

If any section, subsection, sentence, clause, phrase or portion of this Ordinance is, for any reason, held invalid or unconstitutional, such decision shall not affect the validity of the remaining portions of this Ordinance.

SECTION ELEVEN:

Upon adoption, the Ordinance will be submitted to the California Coastal Commission for final certification of the Local Coastal Program Amendment. The Ordinance will take effect and be in force on the date that the Coastal Commission takes action to unconditionally certify the Local Coastal Program Amendment. 14 April 7, 2025 Item 11
Ordinance No. XXXX

PASSED, APPROVED AND ADOPTED at a regular meeting of the City Council held on the 21st day of April 2025.
________________________________
Terry Gaasterland, Mayor
City of Del Mar
APPROVED AS TO FORM:
______________________________
Leslie E. Devaney, City Attorney
City of Del Mar
ATTEST AND CERTIFICATION:

STATE OF CALIFORNIA

COUNTY OF SAN DIEGO

CITY OF DEL MAR
I, SARAH KRIETOR, Administrative Services Manager/City Clerk of the City of Del Mar, California, DO HEREBY CERTIFY, that the foregoing is a true and correct copy of Ordinance No. XXXX, which has been published pursuant to law, and adopted by the City Council of the City of Del Mar, California, at a Regular Meeting held the 21st day of April 2025, by the following vote:

AYES:

NOES:

RECUSE:

ABSENT:

ABSTAIN:
______________________________
Sarah Krietor, Administrative Services
Manager/City Clerk
City of Del Mar
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Attachment C
1 CCC Modification in Strikeout – Underline Format for Amending Ordinance SECTION ONE: That DMMC Section 30.22.031 for the CC Zone shall be amended to read as follows:

30.22.031 Allowance for Multi-Dwelling Unit Residential Use A. Multiple dwelling unit residential use (0-20 dwelling units per acre) is an allowed use in the CC zone for mixed use projects that include an affordable housing component for lower income households. The minimum amount of affordable housing units included in a project must be calculated in accordance with Chapter 24.21 and provided on site. Any fractional unit obligation shall be rounded up.

B. Proposed multiple dwelling unit development shall maintain a pedestrian-oriented, predominately retail village character, with attractive walkways and courts which encourage social interaction.

C. Project design shall minimize bulk and mass and consider and include design features to preserve privacy on neighboring residential properties.

D.C. Project design shall consider and include design features to preserve views to the ocean and shall maintain public scenic views and public access protections consistent with the certified Local Coastal Program.

SECTION TWO: That DMMC Section 30.31.020 (PF Zone Allowed Uses) shall be amended as follows:

30.31.020 Allowable Uses
The following uses are allowable in the PF Zone:
[No Change A. through D.]
E. With the exception of the Shores Park site (APNs 300-200-01, 300-200-02, 300-200-22, 300-200-23), multiple dwelling unit residential (at a density of 0-20 dwelling units per acre or the maximum number of dwelling unit specified for the parcel in the certified Housing Element, whichever is greater) that includes affordable housing for lower income households shall be an allowed use in the PF zone. State law defines a lower income household as people or families whose gross income does not exceed 80 percent of Area Median Income (AMI) and includes low income, very low income, and extremely lowincome households.

1. Proposed multiple dwelling unit residential development shall comply with the maximum height and setbacks specified in Section 30.31.070 and with the maximum floor area and lot coverage applicable to adjacent properties with a common boundary in accordance with the certified Local Coastal Program.

2. Project design shall minimize bulk and mass and consider and include design features to preserve privacy on neighboring residential properties.

3.2. Project design shall consider and include design features to preserve views to the ocean and shall maintain public scenic views and public access protections consistent with the certified Local Coastal Program.
30 April 7, 2025 Item 11
Attachment C
2 3. Prior to issuance of a Coastal Development Permit for the 28th Street parcel, located within the special flood hazard area identified on the most recent FEMA Flood Insurance Rate Map (FIRM), the project shall demonstrate compliance with the following conditions of approval:
a. Development shall be located and designed, including elevation and flood proofing, to minimize flood damage and flood hazards, including with consideration of sea level rise.
b. Development shall comply with the certified Local Coastal Program. c. Owners and successors in interest of any development on the 28th Street parcel shall notify dwelling unit occupants of all overlay zones applicable to the property.

SECTION THREE: That the City’s certified Local Coastal Program Land Use Plan Chapter II Land Use Development policies for the Village Center District shall be amended as follows:

C. LAND USE DEVELOPMENT GOALS AND POLICIES - BY DISTRICT

9. Village Center District
This area is designated primarily as Central Commercial (CC) and is Del Mar’s principal commercial, visitor serving and professional area. The Village Center is a pedestrian-oriented downtown that is intended to group housing, retail services, and commercial services with facilities for civic and community activities. It extends along both sides of Camino del Mar, beginning at 9th Street and reaching north to 15th Street. The District contains the site of the U.S. Post Office, City Hall, and City of Del Mar’s branch of the County of San Diego Library designated as PF (Public Facilities) on the Land Use Map.

Multiple specific plan areas are also included in the Village District. The Specific Plan for the Del Mar Hotel, (HSP west side of Camino del Mar at 15th Street) generally limits the uses on the site to a hotel, timeshare and short term rental units and associated retail uses. The Specific Plan for the Del Mar Plaza, (PSP east side of Camino del Mar at 15th Street) generally limits the uses on site to restaurant and retail uses with a small percentage allowed for office use. The 941 Camino del Mar Specific Plan (941SP east side of Camino del Mar at 10th Street) generally limits the uses to a combination of restaurant, retail, short term rental, and residential uses. Each of the Specific Plan areas devotes a portion of the property to public and quasi-public use. Each of these specific plans was voter approved and requires a recorded Development Agreement between the City and the developer/property owner. Where a particular conflict arises between the provisions of a valid and recorded Development Agreement and any policies of this Land Use Plan that have been subsequently adopted, the former shall continue to be binding and shall supersede the subsequently adopted policies of this Land Use Plan. Subsequent development agreements or amendments to existing Development Agreements shall be consistent with the Land Use Plan in effect at the time.

The CC (Central Commercial) designation encompasses the majority of land within the Village District. The CC designation allows for a variety of commercial uses aimed at serving the needs of both residents and visitors to the area. Due to the City’s popularity as a visitor-destination point, the majority of the property in the CC Zone has been developed with uses that serve both residents and visitors. The Central Commercial area allows pedestrian oriented retail activities, 31 April 7, 2025 Item 11
Attachment C
3 commercial services and a limited number of offices; and multiple dwelling unit residential (0-20 dwelling units per acre) in non-street fronting building spaces (except as permitted by DMMC Section 30.22.033) that includes affordable housing for lower income households and is designed consistent with the policy intent to retain a pedestrian-oriented downtown and compliance with the certified Local Coastal Program. State law defines a lower income household as people or families whose gross income does not exceed 80 percent of Area Median Income (AMI) and includes low income, very low income, and extremely low-income households.

In order to facilitate the demand for more goods and services, the following policies have been developed to better utilize the commercially designated land in the Village Center District a. In the Village Center District, large single purpose businesses, and businesses catering to an automotive public (drive-through banks, drive through food stands, etc.) shall be discouraged.
b. In the Village Center District, building designs which incorporate a unique and small-town character shall be encouraged and building designs which are based on a corporate identity or logo shall be discouraged.
c. In the Village Center District, retail enterprises whose primary purposes are to satisfy the needs of the community and enhance the quality and convenience of life in Del Mar shall be encouraged.
d. In the Central Commercial portion of the Village Center District, retail uses shall be encouraged over office uses for floor area located at the street level of structures fronting Camino del Mar. Residential uses shall not be permitted in street-fronting building spaces (except as permitted by DMMC Section 30.22.033).
e. While some office space is desirable, it shall be concentrated in the southern portion of the Village Center District.
f. In addition to a variety of commercial businesses, the Village Center District should have a Community Center, complete with Council Chambers, City Hall, Library and Communications Center; attractive walkways, and a variety of open spaces such as courts and landscaped areas.
g. Pedestrian-oriented streetscape which promotes social interaction, pedestrian use and a strong community identity shall be encouraged in the Village Center District. h. In the Village Center District, structures shall be in keeping with the pedestrian scale and village character of the community.
i. In the Village Center District, structures shall be of an architectural style which retains a low scale intensity of development, utilizes designs which preserve ocean views, and promotes an open space small-town atmosphere.
[No change to #10]
SECTION FOUR: That the City’s certified Local Coastal Program Land Use Plan Map “Land Use Designations/Allowed Uses” descriptions for the CC Zone and the PF Zone be amended as follows:
32 April 7, 2025 Item 11
Attachment C
4 LAND USE DESIGNATIONS/ALLOWED USES
[No change to R1-40 through CVPP]
CC - Retailing of goods and dispensing of services, (exclusive of drive-through). Shops, Delis, Restaurants, Cafes, florists, Hardware, Offices, Financial institutions, Pharmacies, Gasoline service stations*, Bars*, Cocktail lounges*, Theatres*, Vet clinics*, Hotels/Motels*, and multiple dwelling unit residential (0-20 dwelling units per acre) in non-street fronting building spaces (except as permitted by DMMC Section 30.22.033) that includes affordable housing for lower income households. State law defines a lower income household as people or families whose gross income does not exceed 80 percent of Area Median Income (AMI) and includes low income, very low income, and extremely low-income households.
[No change to BC through PSP]
SECTION FIVE: That the City’s certified Local Coastal Program Zoning Map “Zoning Use Designations/Allowed Uses” descriptions for the CC Zone and the PF Zone be amended as follows:

ZONING USE DESIGNATIONS/ALLOWED USES
[No change to R1-40 through CVPP]
CC - Retailing of goods and dispensing of services, (exclusive of drive-through). Shops, Delis, Restaurants, Cafes, Florists, Hardware, Offices, Financial institutions, Pharmacies, Gasoline service stations*, Bars*, Cocktail lounges*, Theatres*, Vet clinics*, Hotels/Motels*, and multiple dwelling unit residential (0-20 dwelling units per acre) in non-street fronting building spaces (except as permitted by DMMC Section 30.22.033) that includes affordable housing for lower income households. State law defines a lower income household as people or families whose gross income does not exceed 80 percent of Area Median Income (AMI) and includes low income, very low income, and extremely low-income households.
[No change to BC through PP]
PF - Public schools; City, County, State and Federal buildings; Utility structures; and with the exception of the Shores Park site (APNs 300-200-01, 300-200-02, 300-200-22, 300-200-23), multiple dwelling unit residential (at a density of 0-20 dwelling units per acre or the maximum number of dwelling unit specified for the parcel in the certified Housing Element, whichever is greater) that includes affordable housing for lower income households. State law defines a lower income household as people or families whose gross income does not exceed 80 percent of Area Median Income (AMI) and includes low income, very low income, and extremely low-income households.
[No change to 941 SP through PSP]
33 April 7, 2025 Item 11
City of Del Mar
Agenda Report
TO: Honorable Mayor and City Council Members
FROM: Marco Camacho, Finance Manager/Treasurer
Monica Molina, Finance Officer
Ashley Jones, City Manager
DATE: April 7, 2025
SUBJECT: Fiscal Year 2023-24 Final Financial Report and Fiscal Year 2024-25 Mid-Year Financial Report
REQUESTED ACTION/RECOMMENDATION:

Staff recommends that the City Council receive the June 30, 2024 Annual Comprehensive Financial Report (ACFR) and Fiscal Year 2023-24 Final Financial Report; and, 1) Review the Fiscal Year 2024-25 Mid-Year Financial Report; and, 2) Approve Resolution (Attachment F) amending the FY 2024-25 Operating and Capital Budget as included in Exhibit A, authorizing revenue adjustments totaling $1,112,470 and expenditure adjustments totaling $967,380, and authorizing unspent FY 2023-24 encumbrances and continuing appropriations to be carried over to FY 2024-25 as included in Attachment G totaling $11,419,135 in expenditures and $3,273,487 in revenues.

DISCUSSION/ANALYSIS:

FISCAL YEAR 2023-2024 ANNUAL COMPREHENSIVE FINANCIAL REPORT (ACFR) The City’s audit firm, CliftonLarsonAllen, LLP (CLA), has completed its audit of the City’s financial statements and notes to the basic financial statements for the fiscal year (FY) ended June 30, 2024. Based on the results of their audit, CLA provided the City with an unmodified opinion on the financial statements, which means that the City’s financial statements are free of material misstatements and consistent with Generally Accepted Accounting Principles (GAAP). The auditor provided a report with information about the auditor’s responsibilities under generally accepted auditing standards and Government Auditing Standards and OMB Circular A-133 as well as certain communications related to their audit. These communications are contained in Attachment A.

The specific financial documents on which the auditor expresses an opinion are the basic financial statements, and notes to the basic financial statements. These documents, along with the auditor’s opinion letter and management’s discussion and analysis, are the core ACFR documents. Additional documents that make up the ACFR include the letter of transmittal from the City Manager and Finance Manager/Treasurer and a supplemental section, which includes a statistical section presenting detailed information to assist the reader in assessing the economic condition of the City. The ACFR is available on the City’s website at http://www.delmar.ca.us/acfr.

CLA provided the Independent Auditors’ Report on Internal Control over Financial Reporting and on Compliance and Other Matters Based on an Audit of Financial Statements Performed in Accordance with Government Auditing Standards and is provided in Attachment B. The purpose of this report is to describe the scope of the auditors’ testing of internal control over financial reporting and compliance, and the results of that testing. The City’s internal control over financial 1 April 7, 2025 Item 12
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reporting was considered for the limited purpose of expressing an opinion on the financial statements.

Article XIII-B of the California State Constitution places limits on the amount of revenue that can be spent by the State and each local government entity. It is the responsibility of the City to calculate the annual appropriations limit. The City’s auditors are required to review and approve the appropriations calculation as part of their audit of the City. The auditor found no exceptions to the City’s calculation of the appropriations limit. The Independent Accountants’ Report on Agreed-Upon Procedures Applied to Appropriations Limit Worksheets No. 6 is included as Attachment C.

FISCAL YEAR 2023-2024 FINAL FINANCIAL REPORT
The original FY 2023-24 Budget, approved on June 19, 2023, included anticipating all General Fund revenue sources to meet or exceed pre-pandemic levels, funded important operations and re-established capital and special projects that were previously placed on hold. The approved FY 2023-24 Budget reflected a projected General Fund Contingency (GF) of 27.87% (102 days of operation) and included transfers of $360,000 to the Pension Reserve Fund, $300,000 to the Housing Reserve Fund, $200,000 to the Capital Reserve Fund, and $100,000 to the Equipment Replacement Reserve Fund.

The City Council approved the FY 2023-24 Mid-Year Budget Update on March 18, 2024, which included increasing General Fund revenue projections by $475,500 and General Fund expenditure budgets by $301,500, and additional transfers of: $640,000 to the Pensions Reserve Fund; $250,000 to the Capital Reserve Fund; and $200,000 to the Housing Reserve Fund. The updated FY 2023-24 Budget was approved with an adjusted June 30, 2024 General Fund Contingency of 29.60% or $5,357,792, which represents 108 days of operation.

Last month, CLA completed the FY 2023-24 financial audit. Attached for review is the Final Financial Report (Attachment D) for FY 2023-24. The report reflects a final General Fund Contingency balance of $6.85 million, which represents a contingency of 38.57% (141 days of operations).

Attachment E is a General Fund cash flow report for FY 2023-24, which includes the Mid-Year budget (column B) approved on March 18, 2024; final results (column C); and the difference between the Mid-Year budget and final results (column D). The following summary tables compare final results to the Mid-Year adjusted budget for FY 2023-24.

General Fund Revenues
The final revenue report for FY 2023-24 indicates that there was a gain in total General Fund revenues of approximately $1.78 million when compared to the final budget, which is summarized in Table A below:

Table A – General Fund Revenues
Revenue
Source
Mid-Year
Budget
FY2023-24
Final
Results
FY2023-24
Difference % of Budget
Property tax $7,500,000 $7,651,288 $151,288 102.0%
TOT 3,800,000 3,799,038 (962) 100.0%
Sales tax 2,100,000 2,196,466 96,466 104.6%
Parking meter 1,400,000 1,433,473 33,473 102.4%
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FY 2023-24 Final Financial Report and FY 2024-25 Mid-Year Financial Report April 7, 2025

Parking violations 1,200,000 1,395,851 195,851 116.3%
Planning services 1,082,000 1,286,304 204,304 118.9%
Other revenue 3,697,550 4,798,892 1,101,342 129.8%
Total $20,779,550 $22,561,312 $1,781,762 108.6%
General Fund Expenditures
FY 2023-24 General Fund operating expenditures were budgeted to fully restore operational services to pre-COVID levels, totaling $15.55 million. Expenditures were subsequently adjusted during the Budget Update and Mid-Year processes that occurred during the fiscal year, resulting in a final operating expenditure budget of $16.08 million. The following final results outlined in Table B indicate that total General Fund operating expenditures stayed within the final adjusted budget:

Table B – General Fund Operating Expenditures
Program Mid-Year
Budget
FY2023-24
Final
Results
FY2023-24
Difference % of Budget
General Government* $5,750,967 $6,068,172 ($317,205) 105.50% Public Safety** 8,340,407 8,079,619 260,788 96.9%
Public Works 849,350 769,660 79,690 90.6%
Non-departmental 818,700 732,840 85,860 89.5%
Equipment replacement 324,700 270,159 54,541 83.2%
Total $16,084,124 $15,920,450 $163,674 99.0%
* Includes City Council, City Manager, Legal services, Admin services, and Planning services. **Includes Law enforcement, Fire services; Lifeguard services; and Parking enforcement.

Capital Improvement/Special Projects
The calculated final results for capital projects, including the carryover funds of $4.46 million, total $7.30 million. The final results for special projects totaled $1.23 million, including an unexpended balanced of $0.80 million. Staff recommends that the unexpended FY 2023-24 funds from projects that were not completed during the year be carried over to FY 2024-25. A summary of capital and special project results is provided below in Table C:

Table C- Capital & Special Projects
Program Mid-Year
Budget
FY2023-24
Final
Results
FY2023-24
Unspent
(carry-over)*
% of
Budget
General Fund CIP $4,545,787 $2,230,198 $2,315,589 49.1% Open Space CIP 1,806,595 146,197 1,660,398 8.0%
TransNet CIP 527,000 95,996 431,004 18.2%
Clean Water CIP 462,385 369,738 92,647 79.9%
Total CIP $7,341,767 $2,842,129 $4,499,638 38.7%
Special Projects 1,234,180 430,060 804,120 34.8%
Total $8,575,947 $3,272,189 $5,303,758 38.1%
* Only $4,456,595 of unspent capital improvement budget and $798,574 of special projects will be carried over to FY 2024-25.
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FY 2023-24 Final Financial Report and FY 2024-25 Mid-Year Financial Report April 7, 2025

Measure Q Fund
Originally projected at $3.40 million, this revenue source was decreased to $3.20 million at Mid-Year. Similar to sales tax, due to the post-pandemic spending spike in FY 2022-23, revenue leveled off in FY 2023-24, with final results in Measure Q revenue allocations remaining flat in FY 2023-24. However, due to high Measure Q balance and favorable interest earnings on investments, results came in 11% higher than last year at $3.78 million.

The final projected Measure Q budget for FY 2023-24 expenditures was $6.78 million. Total Measure Q expenditures for the year totaled $1.17 million. Although the final results indicate a savings of approximately $5.61 million in Measure Q expenditures, the majority of remaining unspent funds will be encumbered and carried over to FY 2024-25. A summary of the results is provided in Table D below:

Table D – Measure Q Fund
Revenue Final
Budget
Final
Results
Difference % of Budget
Measure Q $3,200,000 $3,780,939 $580,939 118%
Expenditures Final Budget
FY 23-24
Final Exp
FY 23-24
Unspent
(carry-over*)
% of Budget
Undergrounding-General $150,000 $96,237 $53,763 64.1%
UUP-Tewa Ct 108,376 97,002 11,374 89.5%
UUD1A Stratford Ct South 3,336,537 236,019 3,100,518 7.0% UUD-X1A-Crest Canyon 2,286,526 470,474 1,816,052 20.5%
UUD1B – Stratford North 592,818 142,174 450,644 23.9%
UUD2 – Beach Colony 60,275 51,911 8,364 86.1%
UUD3 – South Hill 93,300 5,516 87,784 5.9%
Pavement Rehab 120,500 75,000 45,500 62.2%
Shores Park 33,828 - 33,828 0%
Total $6,782,160 $1,174,333 $5,607,827 17.3%
*Only $5,562,625 of unspent Measure Q budget will be carried over to FY 2024-25.

Based on $3.78 million of Measure Q revenue funds (including earned interest) and $1.17 million in expenditures, the final FY 2023-24 ending fund balance, including unspent funds that will be carried over to FY 2024-25, is at $10.38 million. Staff recommends carrying over $5.56 million of unspent funds in the FY 2024-25 Mid-Year report.

General Fund Reserves
Table E provides a summary of the changes in General Fund reserves including the Housing and Capital Improvement Reserve funds. In comparison to the Mid-Year budget approved on March 18, 2024, the Final Reserve Summary for FY 2023-24 shows an increase of 8.97% to the General Fund Contingency from 29.60% to 38.57%, and a total General Fund Contingency balance increase of $1.49 million from $5.36 million to $6.85 million. The final balances will be carried over to the FY 2024-25 Reserve Summary to calculate the new estimated projected General Fund Contingency at June 30, 2025. 4 April 7, 2025 Item 12
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Table E – General Fund Reserves & Transfers
Account Adopted
Budget
FY 23-24
(6/19/23)
Mid-Year
Budget
FY 23-24
(3/18/24)
Final
Results
FY 23-24
(3/25/25)
General Fund Contingency 27.87% 29.60% 38.57%
General Fund Contingency $4,910,011 $5,357,792 $6,849,772 Pension Reserve* 3,760,000 4,400,000 4,421,894
Self-Insurance 350,003 415,632 415,632
Leave Liability 100,000 100,000 100,000
Equipment Replacement 983,200 760,700 815,241
Total General Fund $10,103,214 $11,034,124 $12,602,539
Housing Reserve 1,400,000 1,600,000 1,600,000
Capital Reserve 400,000 650,000 650,000
*A total additional Pension Reserve of $1.90 million is reported in the Water and Wastewater Funds, resulting in a Citywide Pension Reserve balance of $ 6.32 million.

FISCAL YEAR 2024-2025 MID-YEAR FINANCIAL REPORT
The original FY 2024-25 Budget was approved in June 2023. On June 17, 2024, the City Council approved the Updated Fiscal Year 2024-25 Operating and Capital Budget (Budget). The Budget Update included additional capital and special project expenditures related to the City work plan that was approved by the City Council during the Goal Setting Workshop on March 11, 2024. The approved FY 2024-25 Budget Update reflected an Operating and Capital Budget of $42.22 million with a General Fund Contingency of 25.69% (94 days of operation) and included transfers of $360,000 to the Pension Reserve Fund, $100,000 to the Equipment Reserve Fund, $300,000 to the Housing Reserve Fund, and $2.50 million to the Capital Reserve Fund.

In order to present the FY 2024-25 Mid-Year Financial Report with the most updated information, the July 1, 2024, beginning balances have been updated to reflect the FY 2023-24 final results as discussed above.

After a thorough review of financial data through the second quarter (July-December 2024) of FY 2024-25, as discussed in detail below and presented in Attachment F, staff recommends increasing General Fund revenues by $685,620 and General Fund expenditures by $230,500.

Staff also recommends carrying over funds from FY 2023-24 (Attachment G), resulting in an adjusted June 30, 2025, General Fund Contingency of $5,683,024, which is a 30.08% contingency (110 days of operations) and exceeds the Council’s General Fund Contingency goal of 25%.

General Fund Revenues
Staff has reviewed revenues through the second quarter of the current fiscal year and an increase of $685,620 in General Fund revenue is recommended. Below is information regarding the revenues received for the first half of the fiscal year in each of the City’s largest sources of revenue, which is summarized, along with recommended adjustments in Table C below.

Property Tax
Property tax is the City’s largest source of revenue and accounts for 35% of the City’s FY 2024- 25 General Fund revenues. The City receives 12 property tax apportionments per fiscal year (July 1 – June 30). To date, the City has received seven property tax apportionments, with the 5 April 7, 2025 Item 12
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FY 2023-24 Final Financial Report and FY 2024-25 Mid-Year Financial Report April 7, 2025

largest of these distributions received in December. As of December 2024, the total property tax received by the City for FY 2024-25, is $3.33 million. In comparison to prior year collections, current receipts (including receipts received thru March) indicate that property tax is coming in around 5.3% higher. Applying a 5% increase to FY 2023-24 final results of $7.65 million, would result in a FY 2024-25 year-end projection as budgeted at $8.03 million.

Another available resource that staff utilizes to project property tax revenue is the County of San Diego tax/revenue accountability report that is provided to the City monthly. This report includes total property tax allocated to Del Mar based on the property tax bill that was sent out to residents for the current year. The reported amount includes corrections, supplemental bills, prior year escapes and penalties and interest. Staff estimates that 97% of expected collections will be received by the end of the year, which for FY 2024-25 is projected at $8.07 million. Based on the data received to date, the current 5% increase, and reports provided by the County of San Diego, staff recommends maintaining the current $8.03 million budget projection with no budget adjustment at this time.

Transient Occupancy Tax (TOT)
TOT is the City’s second largest revenue source and accounts for 17% of the City’s FY 2024-25 General Fund revenues. The City receives TOT payments on a monthly basis. Fiscal Year 2022- 23 collections showed record breaking results, which staff considered an anomaly. Fiscal Year 2023-24 collections came in slightly lower than Fiscal Year 2022-23 at $3.80 million. In comparison to the same period last year, the first half collections (July-December 2024) show revenue coming in at approximately 4.0% higher than last year. The following Table F summarizes Mid-Year and Year-End TOT results for the past five fiscal years:

Table F. FY 2020-21 thru FY 2024-25 Mid-Year and Year-End TOT Results Fiscal Year
Mid-Year
Results
% of
Total
Year-End
Results
Difference
to PY
2024-2025 $2,209,192 55.2% $4,000,000* $200,962
2023-2024 2,123,582 55.9% 3,799,038 (17,354)
2022-2023 2,146,670 56.2% 3,816,392 396,526
2021-2022 1,851,155 54.1% 3,419,866 1,627,776
2020-2021 987,862 55.1% 1,792,090 (508,414)
*Budget projection for TOT revenue.

Historical data indicates that receipts collected through December of each year typically represents approximately 55% of the total revenue collected by the end of the year. Based on a current 4.0% increase in TOT collections, the projected FY 2024-25 total would be approximately $3.95 million. The $1.74 million revenue collection required for the last six months of the year (January-June 2025) to meet the $3.95 million projection would require collections to come in the same as what was collected in the last five months for FY 2023-24. Staff recommends increasing TOT projection by $180,000 to a new projection of $4.00 million.

Sales Tax
Sales tax is the City’s third largest source of revenue and accounts for 10% of the City’s total General Fund revenues. The City receives sales tax payments on a monthly basis with quarterly true-up payments, which the State correlates with the calendar year not the fiscal year. Last 6 April 7, 2025 Item 12
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FY 2023-24 Final Financial Report and FY 2024-25 Mid-Year Financial Report April 7, 2025

month, the City received the second quarter sales tax true-up payment, which is included in the analysis below.

To date, the City has received approximately $1.28 million in sales tax receipts. When compared to the same quarter receipts last year, third quarter receipts (July-September 2024) came in

1.79% higher and fourth quarter receipts (October-December 2024) came in 15.90% higher. As was anticipated, similar to TOT, Fiscal Year 2022-23 results were an anomaly based on the spending hike from consumers. As predicted by the City’s sales tax consultant (HdL) and other economic forecasts, the trend leveled off in FY 2023-24 due to lower consumer spending largely related to restaurants and hotels and auto and transportation sales.

HdL forecasts anticipate Fiscal Year 2024-25 revenue to remain relatively flat at $2.22 million.

However, the first two quarters of the current fiscal year show positive results coming in at 6.91% higher than last year. Staff recommends not making any adjustments to the current $2.30 million projection and continue to closely monitor sales tax revenue and return to the City Council if adjustment is necessary. Table G below includes historical sales tax data by calendar year quarter. The last two quarters of the current fiscal year are anticipated projections.

Table G. FY 2020-21 thru FY 2024-25 Quarterly Sales Tax Receipts Fiscal Year
3 rd Quarter
Jul-Sep
Receipts
4 th Quarter
Oct-Dec
Receipts
1 st Quarter
Jan-Mar
Receipts
2 nd Quarter
Apr-Jun
Receipts
Totals
2024-2025 $773,839 $502,485 $360,000* $663,676* $2,300,000* 2023-2024 760,245 433,535 354,742 647,943 2,196,465
2022-2023 813,190 509,776 346,379 636,917 2,306,262
2021-2022 644,065 476,648 368,787 579,216 2,068,716
2020-2021 321,812 221,455 197,667 407,037 1,147,971
*Projected quarterly receipts and totals.

Parking Violation Revenue
Parking violation revenue for the first six months of the fiscal year came in 14.62% higher than the prior year. The increase was largely due to bail amounts (fees) increasing on July 1, 2024, as part of the User Fee cost of living adjustment and the increased ability to acquire vehicle registered owner data. Staff has re-evaluated projections for the second half of the fiscal year, and recommends increasing parking violation revenue by $100,000, resulting in a new revenue projection of $1.35 million for parking violations.

Parking Meter Revenue
Parking meter revenue for the first six months of the fiscal year came in 42.45% higher than the prior year largely due to increase usage of parking machines. Staff has re-evaluated projections for the second half of the fiscal year, and recommends increasing parking meter revenue by $300,000, resulting in a new revenue projection of $1.70 million.

Other General Fund Revenue Adjustments
Based on actual collections to date, an adjustment of $105,620 is recommended based on actual receipts received to date related to Workers’ Compensation reimbursement, sale of City property, EV Charging revenue, and donations for the installation of water fountain filling stations. 7 April 7, 2025 Item 12
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The following Table H summarizes the requested General Fund Mid-Year revenue adjustments:

Table H. Recommended FY 2024-25 General Fund Revenue Adjustments Account Current Budget Recommended
Adjustment
Amended
Budget
Property tax $8,032,500 $- $8,032,500
TOT 3,820,000 180,000 4,000,000
Sales tax 2,300,000 - 2,300,000
Parking violations 1,250,000 100,000 1,350,000
Parking meters 1,400,000 300,000 1,700,000
Other revenue 5,517,810 105,620 5,623,430
Total $22,320,310 $685,620 $23,005,930
Other Non-General Fund Revenues
In addition to the General Fund adjustments described above, staff will be requesting an increase of $34,000 in the Supplemental Law Enforcement Fund to account for the actual funds received from the Revenue Growth program, and an increase of $132,850 in the Housing Fund to account for actual housing in-lieu fees collected to date.

Included in this report is an increase of $200,000 to the Water Fund and $60,000 to the Wastewater Fund that does not have an impact to the General Fund. This increase is largely due to increased usage revenues based on current activity.

General Fund Operating Expenditures
Staff has reviewed expenditures through the second quarter of the current fiscal year and an increase of $230,500 in General Fund expenditure adjustments is recommended. Below is information regarding the more significant General Fund adjustments being proposed, which are summarized along with the recommended adjustments in Table I.

Legal Services
The City of Del Mar contracts with Devaney Pate Morris & Cameron, LLP for City Attorney legal services. Based on demand for services through the mid-year, including assistance with the unanticipated Council vacancy that occurred in Fall 2024, ongoing legal support related to the San Diego Association of Governments (SANDAG) proposed LOSSAN realignment project, and anticipated needs through the year-end, staff recommends an increase of $100,000 for legal retainer services.

Fire Protection Services
The City has received the 1st and 2nd Quarter invoices for fire management services provided in the current fiscal year which reflects cost increases of approximately 18%, which relates to increased salary and benefits costs for Encinitas Fire Management staff which Del Mar pays a proportionate share of. As such, an additional $40,000 will be required to cover the cost for the remainder of the year. Separately, another $40,000 is being requested to cover current and anticipated costs for duty coverage provided by the City of Solana Beach and the City of Encinitas due to fire personnel vacancies.

Also included in the mid-year adjustment for fire protection services is $22,000 for critical repairs to the City’s 2012 Pierce Fire Engine. The City’s reserve engine is functioning as the City’s primary 8 April 7, 2025 Item 12
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FY 2023-24 Final Financial Report and FY 2024-25 Mid-Year Financial Report April 7, 2025

fire engine while a new engine is currently on order, so it is essential that the current engine continue to be maintained in good working condition.

Equipment Replacement
The City’s primary network backup device is at the end of its useful life and frequently failing. IT staff recommends replacing it as soon as possible with a new backup device, estimated at $14,500, which will enhance disaster recovery and ransomware protection for the City.

The Lifeguard Division recommends replacement of one of their two Inflatable Rescue Boats (IRB) that are used for patrol, ocean rescues, making enforcement contacts, backing up lifeguards on incidents, and providing much needed transportation of patrons involved in rescues or medical aids – especially during busy summer tides or periods of high tides. The cost of a new IRB is estimated at $24,000. A generous public donation of $10,000 for use toward the purchase of a new IRB will be considered by the City Council on April 7, 2025. Staff recommends an adjustment of $14,000 to cover the remaining cost of the IRB.

Table I. Recommended FY 2024-25 General Fund Expenditure Adjustments Program Current
Budget
Enc &
Approp
Recommended
Adjustment
Amended
Budget
General government $6,343,510 $1,300 $100,000 $6,444,810 Public safety 8,627,860 35,732 102,000 8,765,592
Public works 828,780 16,033 - 844,813
Non-Departmental 842,570 - - 842,570
Equipment Replacement 182,240 47,159 28,500 257,899
Total $16,824,960 $100,224 $230,500 $17,155,684
Other Non-General Fund Expenditure Adjustments
Recommended increases to Non-General Fund expenditures are included in Table J below:

Table J. Recommended FY 2024-25 Non-General Fund Expenditure Adjustments Fund Amount Description
Gas Tax $15,000 Restriping of Camino del Mar
Housing Fund 17,240 City contribution to the Del Mar Community Connections Rent Subsidy Program administration
Capital Improvement 45,000 Unanticipated HVAC and rain gutter repairs at City Hall Special Project 70,240 Legal services associated with Short Term Rental project and support for new Enterprise Resource
Planning system
Total $147,480
Included in this report are also recommended adjustments to the Enterprise funds that do not impact the General Fund Contingency. This includes an increase of $222,450 to the Water Fund; $40,000 to the Clean Water Fund; and $176,950 to the Wastewater Fund, which are largely due to increased operational costs including vehicle maintenance, supplies, and equipment expenses. 9 April 7, 2025 Item 12
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Reserves
An updated FY 2023-24 Reserve Summary Report is included with this report as part of Attachment F, which reflects the following:
 Updated beginning balances at July 1, 2024 based on FY 2023-24 final results;  Current adopted budget which includes adjustments approved by the City Council from July 1, 2024 to March 3, 2025;
 Encumbrances and Continuing Appropriations (Attachment G) for committed contracts or capital projects that were not completed by June 30, 2024; and,  Additional adjustments recommended for approval, as described above.

Table K below represents the estimated ending General Fund reserve balances at June 30, 2025, reflecting adjustments and additional reserve transfers recommended by staff as part of this MidYear process.

Table K. General Fund Reserve Balances
Account FY 2024-25
Original
Budget
(6/19/23)
FY 2024-25
Budget
Update
(6/17/24)
FY 2024-25
Budget
Mid-Year
(3/25/25)
Difference
General Fund Contingency 26.54% 25.69% 30.08% 4.39%
General Fund Contingency $4,804,462 $4,837,122 $5,683,024 $845,902 Pension Reserve* 4,120,000 4,760,000 4,781,894 21,894
Housing Reserve 1,700,000 1,650,000 1,650,000 -
Self-Insurance 350,003 300,000 300,000 -
Leave Liability 100,000 100,000 100,000 -
Equipment Replacement 1,054,800 678,460 657,342 (21,118) Total General Fund $12,129,265 $12,325,582 $13,172,260 $846,678 Capital Improvement Reserve 600,000 3,150,000 3,150,000 - *An additional $1.90 million in Pension Reserve Funds are held in the Water and Wastewater fund.

Measure Q Fund
Revenues
Measure Q revenues allocated to the City are made up of 1% of all taxable transactions that occur within the Del Mar city boundary, online purchases made by Del Mar residents, and vehicle purchases by Del Mar residents from out-of-town vendors/car dealers.

To date in the current fiscal year, the City has received approximately $1.92 million in Measure Q tax receipts. Based on current trends, including interest earnings, and quarterly reports prepared by HdL, the City’s sales tax consultant, the projected Measure Q revenue projection for FY 2024- 25 is as budgeted at $3.50 million. Staff will continue to monitor Measure Q revenue and will request additional adjustments as necessary.

Expenditures
In FY 2020-21, the City Council established an undergrounding project budget for Tewa Court, which is now complete. In July 2021, the City Council established undergrounding districts 1A and X1A. Construction for District 1A began in Summer 2024, and construction for X1A is planned for Fall 2025. At the end of FY 2022-23, the Council authorized pre-formation activities for 10 April 7, 2025 Item 12
City Council Agenda Report
FY 2023-24 Final Financial Report and FY 2024-25 Mid-Year Financial Report April 7, 2025

undergrounding district 1B. In FY 2023-24 City Council authorized preformation activities for Districts 2 and 3, and preconstruction activities for District 1B. Funds for activities related to these active undergrounding districts has been allocated by the Council. The total available funding for all Measure Q projects is currently at $13.41 million, which includes the $5.56 million in carry over funds from FY 2023-24. Based on a review of all current activities, staff recommends an increase to the undergrounding general account by $150,000 for administrative costs that are reimbursable to the General Fund.

Reserves
Based on the final FY 2023-24 year-end results, revenues received to date, and projected activity through the remainder of the fiscal year, the Measure Q fund balance at June 30, 2025, is projected at $320,680.

Finance Committee Feedback
Staff presented the FY 2023-24 Final Financial Report and FY 2024-25 Mid-Year Financial Report to the City’s Finance Committee on March 25, 2025. The Committee was pleased with the positive results and supported staff’s recommendation to approve the budget adjustments as included in the report.

City’s Cash and Investments
Pursuant to the City’s Investment Policy, included with this report as Attachment H, is the Treasurer’s Report as of December 31, 2024.

OVERALL SUMMARY
After a thorough review of financial activity through January 2025 for all funds, staff recommends a total revenue increase of $1,112,470, a total expenditure increase of $967,380, and a net carryover of unspent FY 2023-24 funds totaling $8,145,648. If these adjustments are approved, the new ending General Fund Contingency balance will increase from $4,837,122 as reported on July 1, 2024, to $5,683,024, which represents a 30.08% contingency (110 days of operations) and exceeds the Council’s 25% General Fund Contingency goal.

FISCAL IMPACT:

Council approval of the recommended action for this agenda item will result in amending the Fiscal Year 2024-25 Operating and Capital Budget as included in Exhibit A of Attachment F ENVIRONMENTAL IMPACT:

The proposed City Council action does not constitute a “project” under the definition set forth in California Environmental Quality Act (CEQA) Guidelines Section 15378 because it will not have a potential to result in a direct or indirect physical change in the environment and is, therefore, not subject to CEQA. No further action under CEQA is required.

NEXUS TO CITY COUNCIL GOALS AND PRIORITIES:

This item is operational in nature and is not directly related to the City Council’s list of Goals and Priorities.

ATTACHMENTS
Attachment A - Independent Auditors’ Report
Attachment B - Independent Auditors’ Report on Internal Control over Financial Reporting and on Compliance and Other Matters Based on an Audit of Financial Statements Performed in Accordance with Government Auditing Standards 11 April 7, 2025 Item 12
City Council Agenda Report
FY 2023-24 Final Financial Report and FY 2024-25 Mid-Year Financial Report April 7, 2025

Attachment C - Independent Accountants’ Report on Agreed-Upon Procedures Applied to Appropriations Limit Worksheet No. 6
Attachment D - Fiscal Year 2023-24 Final Financial Report Attachment E - Fiscal Year 2023-24 General Fund Cash Flow Report Attachment F - Resolution 2025-XX Amending the Fiscal Year 2024-25 Operating and Capital Budget
Attachment G - Fiscal Year 2023-24 Encumbrances and Continuing Appropriations Attachment H - Treasurer’s Investment Report for the Quarter Ended December 31, 2024 12 April 7, 2025 Item 12
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Honorable City Council of the
City of Del Mar
Del Mar, 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 City of Del Mar as of and for the year ended June 30, 2024, and have issued our report thereon dated March 19, 2025. We have previously communicated to you information about our responsibilities under auditing standards generally accepted in the United States of America and Government Auditing Standards, as well as certain information related to the planned scope and timing of our audit in our statement of work dated May 14, 2024.

Professional standards also require that we communicate to you the following information related to our audit.

Significant audit findings or issues
Qualitative aspects of accounting practices
Accounting policies
Management is responsible for the selection and use of appropriate accounting policies. The significant accounting policies used by City of Del Mar are described in Note 1 to the financial statements.

No significant new accounting policies were adopted and the application of existing policies was not changed during the year.

We noted no transactions entered into by the City during the year for which there is a lack of authoritative guidance or consensus. All significant transactions have been recognized in the financial statements in the proper period.

Accounting estimates
Accounting estimates are an integral part of the financial statements prepared by management and are based on management’s 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 significantly from those expected. There were no accounting estimates affecting the financial statements which were particularly sensitive or required substantial judgments by management.

Financial statement disclosures
There were no particularly sensitive financial statement disclosures.

The financial statement disclosures are neutral, consistent, and clear.

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

Attachment A
13 April 7, 2025 Item 12
Honorable City Council of the
City of Del Mar, California

Uncorrected misstatements
Professional standards require us to accumulate all misstatements identified during the audit, other than those that are clearly trivial, and communicate them to the appropriate level of management.

Management did not identify and we did not notify them of any uncorrected financial statement misstatements.

Corrected misstatements
Management did not identify and we did not notify them of any financial statement misstatements detected as a result of audit procedures.

Disagreements with management
For purposes of this communication, a disagreement with management is a disagreement on a financial accounting, reporting, or auditing matter, whether or not resolved to our satisfaction, that could be significant to the financial statements or the auditors’ report. No such disagreements arose during our audit.

Management representations
We have requested certain representations from management that are included in the management representation letter dated March 19, 2025.

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

Significant issues discussed with management prior to engagement We generally discuss a variety of matters, including the application of accounting principles and auditing standards, with management each year prior to engagement as the entity’s auditors. However, these discussions occurred in the normal course of our professional relationship and our responses were not a condition to our engagement.

Required supplementary information
With respect to the required supplementary information (RSI) accompanying the financial statements, we made certain inquiries of management about the methods of preparing the RSI, including whether the RSI has been measured and presented in accordance with prescribed guidelines, whether the methods of measurement and preparation have been changed from the prior period and the reasons for any such changes, and whether there were any significant assumptions or interpretations underlying the measurement or presentation of the RSI. We compared the RSI for consistency with management’s responses to the foregoing inquiries, the basic financial statements, and other knowledge obtained during the audit of the basic financial statements. Because these limited procedures do not provide sufficient evidence, we did not express an opinion or provide any assurance on the RSI.

14 April 7, 2025 Item 12
Honorable City Council of the
City of Del Mar, California

Supplementary information in relation to the financial statements as a whole With respect to the combining fund financial statements, and the individual budgetary schedules (collectively, the supplementary information) accompanying the financial statements, on which we were engaged to report in relation to the financial statements as a whole, we made certain inquiries of management and evaluated the form, content, and methods of preparing the information to determine that the information complies with accounting principles generally accepted in the United States of America, the method of preparing it has not changed from the prior period or the reasons for such changes, and the information is appropriate and complete in relation to our audit of the financial statements. We compared and reconciled the supplementary information to the underlying accounting records used to prepare the financial statements or to the financial statements themselves. We have issued our report thereon dated March 19, 2025.

Other information included in annual reports
Other information (financial or nonfinancial information other than the financial statements and our auditors’ report thereon) is being included in your annual report and is comprised of the introductory and statistical sections. Our responsibility for other information included in your annual report does not extend beyond the financial information identified in our opinion on the financial statements. We have no responsibility for determining whether such other information is properly stated and do not have an obligation to perform any procedures to corroborate other information contained in your annual report.

We are required by professional standards to read the other information included in your annual report and consider whether a material inconsistency exists between the other information and the financial statements because the credibility of the financial statements and our auditors’ report thereon may be undermined by material inconsistencies between the audited financial statements and other information.

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.

Our auditors’ report on the financial statements includes a separate section, “Other Information,” which states we do not express an opinion or any form of assurance on the other information included in the annual report. We did not identify any material inconsistencies between the other information and the audited financial statements.
* * *
This communication is intended solely for the information and use of the City Council and management of City of Del Mar and is not intended to be, and should not be, used by anyone other than these specified parties.

CliftonLarsonAllen LLP
Irvine, California
March 19, 2025
15 April 7, 2025 Item 12
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INDEPENDENT AUDITORS’ REPORT ON INTERNAL CONTROL OVER FINANCIAL REPORTING

AND ON COMPLIANCE AND OTHER MATTERS BASED ON AN AUDIT OF FINANCIAL

STATEMENTS PERFORMED IN ACCORDANCE WITH GOVERNMENT AUDITING STANDARDS Honorable Mayor and Members of the City Council
City of Del Mar
Del Mar, California
We have audited, in accordance with the auditing standards generally accepted in the United States of America and the standards applicable to financial audits contained in Government Auditing Standards issued by the Comptroller General of the United States, the financial statements of the governmental activities, the business-type activities, each major fund, and the aggregate remaining fund information of City of Del Mar (the City), as of and for the year ended June 30, 2024, and the related notes to the financial statements, which collectively comprise the City’s basic financial statements, and have issued our report thereon dated March 19, 2025.

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 City’s internal control.

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

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

Attachment B
16 April 7, 2025 Item 12
Honorable Mayor and Members of the City Council
City of Del Mar
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 no instances of noncompliance or other matters that are required to be reported under Government Auditing Standards.

Purpose of This Report
The purpose of this report is solely to describe the scope of our testing of internal control and compliance and the results of that testing, and not to provide an opinion on the effectiveness of the 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.

CliftonLarsonAllen LLP
Irvine, California
March 19, 2025
17 April 7, 2025 Item 12

CITY OF DEL MAR, CALIFORNIA

AGREED-UPON PROCEDURES
APPROPRIATIONS LIMIT WORKSHEET NO. 6
YEAR ENDED JUNE 30, 2024
Attachment C
18 April 7, 2025 Item 12
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INDEPENDENT ACCOUNTANTS’ REPORT

ON AGREED-UPON PROCEDURES
APPLIED TO APPROPRIATIONS LIMIT WORKSHEET NO. 6
Honorable City Council
of the City of Del Mar
Del Mar, California
We have performed the procedures enumerated below on the accompanying Appropriations Limit Worksheet No. 6 of the City of Del Mar, California, (the “City”) for the year ended June 30, 2024. The City’s management is responsible for the Appropriations Limit Worksheet No. 6.

The City and the League of California Cities (as presented in the League publication entitled "Article XIII-B Appropriations Limit Uniform Guidelines") have agreed to and acknowledged that the procedures performed are appropriate to meet the intended purpose of meeting the requirements of Section 1.5 of Article XIII-B of the California Constitution. 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:
a. We obtained the completed Appropriations Limit Worksheet No. 6 for the year ended June 30, 2024, and compared the limit and annual adjustment factors included in that worksheet to the limit and annual adjustment factors that were adopted by resolution of the City Council. We also compared the population and inflation options included in the aforementioned worksheet to those that were selected by a recorded vote of the City Council.

No exceptions were noted as a result of our performing this procedure. b. For the Appropriations Limit Worksheet No. 6, we added last year’s limit to the total adjustments, and compared the resulting amount to this year’s limit. We also recalculated the adjustment factor and the adjustment for inflation and population, and compared the results to the amounts on Appropriations Limit Worksheet No. 6.

No exceptions were noted as a result of our performing this procedure. c. We compared the prior year appropriations limit presented in the accompanying Appropriations Limit Worksheet No. 6 to the prior year appropriations limit adopted by the City Council for the prior year.

No exceptions were noted as a result of our performing this procedure. 19 April 7, 2025 Item 12
City Council
City of Del Mar
Del Mar, California
(3)
We were engaged by the City to perform this agreed-upon procedures engagement and conducted our engagement in accordance with attestation standards established by the American Institute of Certified Public Accountants. We were not engaged to and did not conduct an examination or review engagement, the objective of which would be the expression of an opinion or conclusion, respectively, on the accompanying Appropriations Limit Worksheet No. 6. Accordingly, we do not express such an opinion or conclusion. Had we performed additional procedures, other matters might have come to our attention that would have been reported to you.

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

This report is intended solely for the information and use of the City Council and management of the City of Del Mar, California and is not intended to be, and should not be, used by anyone other than these specified parties.

CliftonLarsonAllen LLP
Irvine, California
August 6, 2024
20 April 7, 2025 Item 12

CITY OF DEL MAR
APPROPRIATIONS LIMIT WORKSHEET NO. 6
YEAR ENDED JUNE 30, 2024
See accompanying Notes to Appropriations Limit Worksheet No. 6. (4)
Appropriations Limit for Fiscal Year Ended June 30, 2023 (see Note 2) 33,603,521 $ Adjustments Factors for the Fiscal Year Ended June 30, 2024 (see Note 2):

Inflation Population
Factor Factor Combined
(Note 3) (Note 4) Factor

1.00000000 1.04440000 1.04440000 0.04440000
Adjustment for Inflation and Population 1,491,996
Other Adjustments (Note 5) -
Total Adjustments 1,491,996
Appropriations Limit for Fiscal Year Ended June 30, 2024 35,095,517 $ 21 April 7, 2025 Item 12

CITY OF DEL MAR
NOTES TO APPROPRIATIONS LIMIT WORKSHEET NO. 6
JUNE 30, 2024
(5)
NOTE 1 PURPOSE OF AGREED UPON PROCEDURES
Under Article XIIIB of the California Constitution (the Gann Spending Limitation Initiative), California governmental agencies are restricted as to the amount of annual appropriations from proceeds of taxes. Effective for years beginning on or after July 1, 1990, under Section

1.5 of Article XIIIB, the annual calculation of the appropriations limit is subject to agreedupon procedures in connection with the annual audit.

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

NOTE 3 INFLATION FACTORS
A California governmental agency may adjust its appropriations limit by either the percentage change in California per capita personal income from the preceding year (which is supplied by the State Department of Finance), or the percentage change in the local assessment roll from the preceding year due to the change of local nonresidential construction. The factor adopted by the City of Del Mar (the “City”) for fiscal year 2023-2024 represents the percentage change in California per capita personal income from the preceding year.

NOTE 4 POPULATION FACTORS
A California governmental agency may adjust its appropriations limit by either the annual percentage change of the jurisdiction’s own population, or the annual percentage change in population in the County where the jurisdiction is located. The factor adopted by the City for fiscal year 2023-2024 represents the annual percentage change in the population for the City.

NOTE 5 OTHER ADJUSTMENTS
A California governmental agency may be required to adjust its appropriations limit when certain events occur, such as the transfer of responsibility for municipal services to, or from, another governmental agency or private entity. The City had no such adjustments for the year ended June 30, 2024.
22 April 7, 2025 Item 12
23 April 7, 2025 Item 12

BEGINNING ENDING

BALANCE O & M CIP BALANCE
JUL 1, 2023 REVENUES EXPENDITURES EXPENDITURES IN (OUT) JUN 30, 2024 ACTUAL FY 2024 FY 2024 FY 2024 FY 2024 FY 2024 ACTUAL
CONTINGENCY 38.57% 6,413,333 22,452,218 (15,563,091) - 325,303 $ (6,777,991) 6,849,772 RESTRICTED:

SELF-INSURANCE 437,632 - - - - (22,000) 415,632
DESIGNATED:

ENCUMBRANCES - - - - - - -
COASTAL PARKING REVENUE - 81,900 (81,900) - - - -
SIDEWALK CAFÉ - 5,300 (5,300) - - - -

HOUSING RESERVE - - - - - - -
PENSION RESERVE 3,400,000 21,894 - - 1,000,000 - 4,421,894 LEAVE LIABILITY 100,000 - - - - - 100,000
EQUIPMENT REPLACEMENT 985,400 - (270,159) - 100,000 - 815,241 TOTAL GENERAL FUND 11,336,365 22,561,312 (15,920,450) - 1,425,303 (6,799,991) 12,602,539 3,780,939 7,372,624 - (777,058) - (5,562,625) 4,813,880 ENCUMBRANCES 397,275 - - (397,275) 5,562,625 - 5,562,625 TOTAL MEASURE Q FUND 7,769,899 3,780,939 - (1,174,333) 5,562,625 (5,562,625) 10,376,505 107,381 90,384 - - - (90,380) 107,385
114,641 9,835 (758,972) - 634,496 - -
646,359 - (1,195,384) - 549,025 - -

DESIGNATED
ENCUMBRANCES 154,607 - - - 87,118 - 241,725
CAPITAL IMPROVEMENT PROJECTS 35,000 - - (146,197) 111,197 - - OPEN SPACE ACQUISITION 86,388 - - - - - 86,388
TREE RESERVE 37,267 3,750 - - - - 41,017
TOTAL OPEN SPACE FUND 278,262 685,109 (1,195,384) (146,197) 747,340 - 369,131 192,923 - - - - (192,923) -
46,159 13,894 (44,521) - - - 15,531
87,833 136,432 (68,491) - - - 155,775

CITY OF DEL MAR

RESERVE SUMMARY
FISCAL YEAR 2023-2024

TRANSFERS

FINAL FINANCIAL REPORT

GENERAL FUND

MEASURE Q

ROAD MAINTENANCE REHABILITATION ACCT

GAS TAX FUND

OPEN SPACE FUND

SUPPLEMENTAL LAW ENFORCEMENT FUND

REGIONAL COMMUNICATIONS FUND

GRANTS FUND
Attachment D
24 April 7, 2025 Item 12

BEGINNING ENDING

BALANCE O & M CIP BALANCE
JUL 1, 2023 REVENUES EXPENDITURES EXPENDITURES IN (OUT) JUN 30, 2024 ACTUAL FY 2024 FY 2024 FY 2024 FY 2024 FY 2024 ACTUAL

CITY OF DEL MAR

RESERVE SUMMARY
FISCAL YEAR 2023-2024

TRANSFERS

FINAL FINANCIAL REPORT
42,364 52,065 (45,684) - - - 48,745
HOUSING RESERVE 1,100,000 - - - 500,000 - 1,600,000
42,364 1,152,065 (45,684) - 500,000 - 1,648,745
251,345 385,566 (64,849) - - - 572,062
40,405 3,572 (10,736) - - (20,000) 13,241
116,606 200,000 - (1,344,018) 1,075,205 - 47,793
ENCUMBRANCES 591,015 295,165 - (886,180) 875,560 875,560 RESERVE FOR CAPITAL 200,000 - - - 450,000 650,000
DEBT SERVICE - - (902,860) - 902,860 - -
TOTAL CAPITAL IMPROVEMENT FUND 991,015 411,771 (902,860) (2,230,198) 3,303,625 - 1,573,353 - - - (60,860) 60,860 - -
ENCUMBRANCES 874,180 - - (369,200) 293,594 - 798,574
TOTAL SPECIAL PROJECT FUND 874,180 - - (430,060) 354,454 - 798,574 228,931 3,190 (228,756) - - - 3,365
4,977 31,628 - - - - 36,605
349,499 308,724 (261,612) - - - 396,611
NET POSITION 1,459,839 4,588,738 (4,016,737) - 143,966 (339,500) 1,836,306 RESTRICTED:

CONTRIBUTED CAPITAL 4,028,272 - - - - - 4,028,272

DESIGNATED
ENCUMBRANCES 484,983 - (363,485) - - - 121,498
SELF-INSURANCE 50,000 - - - - - 50,000
RATE STABILIZATION 200,000 - - - - - 200,000
CAPTIAL REPLACEMENT 350,000 - - - 120,000 - 470,000
NET PENSION LIABILITY (1,832,206) - - - - (143,966) (1,976,172) PENSION RESERVE 780,500 - - - 219,500 - 1,000,000
OPERATING RESERVE 500,000 - - - - - 500,000
EQUIPMENT REPLACEMENT 200,000 - - - - - 200,000
UTILITY PLANT IN SERVICE 7,274,127 - 73,841 - - - 7,347,968 TOTAL WATER FUND 13,495,515 4,588,738 (4,306,381) - 483,466 (483,466) 13,777,872

PEG FEE FUND

HOUSING FUND
AB 939 FUND

CAPITAL IMPROVEMENT FUND

SPECIAL PROJECT FUND

TRANSNET FUND
RTCIP

WORKERS' COMPENSATION FUND

WATER FUND
25 April 7, 2025 Item 12

BEGINNING ENDING

BALANCE O & M CIP BALANCE
JUL 1, 2023 REVENUES EXPENDITURES EXPENDITURES IN (OUT) JUN 30, 2024 ACTUAL FY 2024 FY 2024 FY 2024 FY 2024 FY 2024 ACTUAL

CITY OF DEL MAR

RESERVE SUMMARY
FISCAL YEAR 2023-2024

TRANSFERS

FINAL FINANCIAL REPORT
NET POSITION - 668,695 (712,845) - 107,848 - 63,698

DESIGNATED
UTILITY PLANT IN SERVICE 141,348 - - 305,528 446,876
ENCUMBRANCES 341,486 - - 30,228 (305,528) 66,186

CAPITAL REPLACEMENT RESERVE - - - -
TOTAL CLEAN WATER FUND 482,834 668,695 (712,845) - 443,604 (305,528) 576,760 NET POSITION 452,325 4,176,376 (3,758,904) - 144,728 (300,668) 713,858 -

RESTRICTED
IBANK RESERVE 228,828 - - - - - 228,828
CONTRIBUTED CAPITAL 650,814 - - - - - 650,814
LOAN RESERVE-STATE REVOLVING - 332,979 - - - - 332,979

DESIGNATED
ENCUMBRANCES 358,703 - - - 16,257 - 374,960
SELF-INSURANCE 50,000 - - - - - 50,000
CAPITAL REPLACEMENT 350,000 - - - 150,000 - 500,000
NET PENSION LIABILITY (1,841,900) - - - - (144,728) (1,986,628) PENSION RESERVE 817,000 - - - 83,000 900,000
OPERATING RESERVE 408,000 - - - - - 408,000
EQUIPMENT REPLACEMENT 300,000 - - - - - 300,000
UTILITY PLANT IN SERVICE 8,497,298 - - - 51,411 8,548,709 RATE STABILIZATION 200,000 - - - - - 200,000
TOTAL WASTEWATER FUND 10,804,047 4,176,376 (3,758,904) - 445,396 (445,396) 11,221,520 TOTAL ENTERPRISE FUNDS 24,782,396 9,433,809 (8,778,130) - 1,372,466 (1,234,390) 25,576,151 TOTAL - ALL FUNDS 48,167,408 38,339,398 (28,280,445) (3,980,788) 13,900,309 (13,900,309) 54,245,573

CLEANWATER FUND

WASTEWATER FUND
26 April 7, 2025 Item 12
ACTUAL ACTUAL ADOPTED MID-YEAR ACTUAL %

REVENUE REVENUE BUDGET AMENDED REVENUE RECV'D PROJECTED FINAL FINAL (6/19/23) BUDGET FINAL FY REVENUE
SOURCE OF FUNDS FY 2021-22 FY 2022-23 FY 2023-24 FY 2023-24 FY 2023-24 2023-24 FY 2023-24

GENERAL FUND
TAXES
PROPERTY TAX 6,615,450 7,241,627 7,176,000 7,500,000 7,651,288 102.0% 7,450,000 VLF IN LIEU OF PROPERTY TAX 699,411 759,841 790,190 790,190 807,116 102.1% 806,920 SALES AND USE TAX 2,068,716 2,306,262 2,250,000 2,100,000 2,196,466 104.6% 2,100,000 TRANSIENT OCCUPANCY TAX 3,419,866 3,816,392 3,800,000 3,800,000 3,799,038 100.0% 3,785,000 BUSINESS LICENSE TAX 282,187 276,466 300,000 200,000 362,769 181.4% 225,000 FRANCHISE TAX 404,226 442,409 200,000 300,000 446,816 148.9% 300,000 REAL PROPERTY TRANSFER TAX 274,365 134,893 140,000 140,000 178,484 127.5% 140,000 TOTAL 13,764,222 14,977,890 14,656,190 14,830,190 15,441,977 104.1% 14,806,920

LICENSES & PERMITS
LICENSES & PERMITS 2,335 352 500 500 3,485 696.9% 758
JUNIOR LIFEGUARD 96,990 88,689 95,000 95,000 90,310 95.1% 95,000 PARKING PERMITS 30,060 31,333 25,000 25,000 27,387 109.5% 25,000 TOTAL 129,385 120,374 120,500 120,500 121,182 100.6% 120,758

FINES & FORFEITURES
MOVING VIOLATIONS/VEHICLE CODE FINES 42,640 58,170 55,000 55,000 69,284 126.0% 60,000 PARKING VIOLATIONS 903,237 1,368,108 925,000 1,200,000 1,395,851 116.3% 1,450,000 PENALTIES 23,939 5,712 12,000 12,000 25,267 210.6% 12,000 ADMINISTRATIVE CITATIONS 43,595 88,167 45,000 45,000 55,152 122.6% 45,000 RED LIGHT ENFORCEMENT 52,859 73,937 65,000 65,000 94,156 144.9% 80,000 TOTAL 1,066,270 1,594,094 1,102,000 1,377,000 1,639,711 119.1% 1,647,000

REVENUE FROM USE OF ASSETS
INTEREST EARNINGS 199,381 42,271 270,000 270,000 925,444 342.8% 300,000 RENTAL INCOME 230,372 199,944 200,000 200,000 240,743 120.4% 220,000 PARKING METER INCOME 1,513,143 1,268,930 1,400,000 1,400,000 1,433,473 102.4% 1,350,000 SIDEWALK CAFÉ USER FEE 1,469 6,339 5,000 5,000 12,371 247.4% 6,000 TOTAL 1,512,898 1,700,152 1,875,000 1,875,000 2,612,031 139.3% 1,876,000

REVENUE FROM OTHER AGENCIES
MOTOR VEHICLE LICENSE FEE 4,040 4,919 4,000 4,000 4,868 121.7% 1,000 PUBLIC SAFETY AUGMENTATION FUND 107,147 102,840 100,000 100,000 107,890 107.9% 110,000 HOMEOWNER EXEMPT 35,835 35,718 35,000 35,000 34,592 98.8% 35,000 STATE MANDATED COST REIMB - - 1,500 1,500 128 8.5% 1,000 FEDERAL/STATE/LOCAL GRANTS 5,000 - - 20,500 24,406 119.1% 20,500 CORONAVIRUS RELIEF FUNDS 870,883 - - - - 0.0% -
OFF-TRACK PARIMUTUEL 9,009 7,380 8,000 8,000 7,465 93.3% 7,000 SOLID WASTE 10,996 27,761 11,000 11,000 12,620 114.7% 25,000 TOTAL 1,042,910 178,619 159,500 180,000 191,969 106.6% 199,500

CHARGES - PLANNING SERVICES
PLANNING SERVICES 625,509 541,624 520,000 520,000 502,183 96.6% 480,000 ENGINEERING SERVICES 181,888 151,057 120,000 120,000 171,259 142.7% 160,000 BUILDING SERVICES 606,602 435,382 442,000 442,000 612,862 138.7% 442,000 TOTAL 1,413,999 1,128,062 1,082,000 1,082,000 1,286,304 118.9% 1,082,000

OTHER REVENUE SOURCES
PARKING IN-LIEU FEE - 8,510 5,000 5,000 13,764 275.3% 6,900 SALE OF PROPERTY - 28,600 - - - 0.0% -
ADMINISTRATIVE CHARGE 910,344 910,344 965,790 965,790 937,650 97.1% 965,780 CONTRIBUTIONS 3,660 43,719 - 6,000 16,993 0.0% 6,000
ADMINISTRATIVE CHARGE-MEASURE Q 59,875 68,951 150,000 150,000 90,528 60.4% 150,000 WC/STD REIMBURSEMENTS 22,665 35,709 - - 14,572 100.0% - INSURANCE CLAIM REIMBURSEMENT 3,807 130,493 - - - 0.0% - EXPENDITURE REIMBURSEMENT 3,811 25,305 171,000 163,070 148,006 90.8% 160,000 MISCELLANEOUS 137,182 55,548 25,000 25,000 46,626 186.5% 40,000 TOTAL 1,141,344 1,307,179 1,316,790 1,314,860 1,268,138 96.4% 1,328,680 TOTAL GENERAL FUND 21,999,774 19,077,624 20,311,980 20,779,550 22,561,312 108.6% 21,060,858

CITY OF DEL MAR
FISCAL YEAR 2023-2024

FINAL FINANCIAL REPORT

REVENUE SUMMARIES
27 April 7, 2025 Item 12
ACTUAL ACTUAL ADOPTED MID-YEAR ACTUAL %

REVENUE REVENUE BUDGET AMENDED REVENUE RECV'D PROJECTED FINAL FINAL (6/19/23) BUDGET FINAL FY REVENUE
SOURCE OF FUNDS FY 2021-22 FY 2022-23 FY 2023-24 FY 2023-24 FY 2023-24 2023-24 FY 2023-24

CITY OF DEL MAR
FISCAL YEAR 2023-2024

FINAL FINANCIAL REPORT

REVENUE SUMMARIES
MEASURE Q FUND 3,401,946 3,297,998 3,400,000 3,200,000 3,780,939 118.2% 3,300,000 ROAD MAINTENANCE REHAB ACCOUNT 90,384 81,628 97,400 97,400 107,381 110.2% 95,000 GAS TAX FUND 105,890 104,286 118,310 118,310 114,641 96.9% 115,000

OPEN SPACE FUND
TAXES 34,115 27,412 12,000 12,000 18,144 151.2% 12,000
LICENSE & PERMITS 390,339 358,560 540,000 440,000 403,365 91.7% 450,000 FEDERAL/STATE GRANTS - 35,000 680,000 680,000 215,672 31.7% 680,000 OFF-TRACK PARIMUTUEL 4,334 4,227 5,000 5,000 4,976 99.5% 5,000 CONTRIBUTIONS 102,856 40,000 862,000 862,000 34,000 0.0% 862,000 MISCELLANEOUS 8,021 51,268 42,860 42,860 8,952 20.9% 30,000 TOTAL OPEN SPACE FUND 539,665 516,468 2,141,860 2,041,860 685,109 33.6% 2,039,000 SUPPLEMENTAL LAW FUND 166,847 157,926 100,000 160,000 192,923 120.6% 160,000 REGIONAL COMMUNICATION 43,990 57,034 45,000 45,000 46,159 102.6% 44,000 GRANTS FUND 71,515 51,930 60,000 70,000 87,833 125.5% 60,000 HOUSING FUND 2,546 (3,489) - 30,000 42,364 141.2% 30,000 AB 939 159,145 193,546 154,000 154,000 251,345 163.2% 160,000 PEG FEE FUND 43,647 42,868 46,000 46,000 40,405 87.8% 44,000

CAPITAL IMPROVEMENT FUND
FEDERAL/STATE/LOCAL GRANTS 684,949 211,768 1,129,560 2,632,810 208,899 7.9% 2,632,810 MISCELLANEOUS 63,564 (32,712) - - 202,872 0.0% 42,000
TOTAL CAPITAL IMPROVEMENT FUND 748,513 179,056 1,129,560 2,632,810 411,771 15.6% 2,674,810 TRANSNET FUND 133,698 152,346 391,000 391,000 228,931 58.6% 527,000 RTCIP FUND 23,784 2,479 - - 4,977 100.0% 500
SPECIAL PROJECTS FUND 225,000 65,000 - - - 0.0% -
TOTAL GENERAL GOVERNMENTAL FUNDS 27,756,344 23,976,701 27,995,110 29,765,930 28,556,090 95.9% 30,310,168 WORKERS' COMPENSATION FUND 290,088 235,541 290,000 290,000 349,499 120.5% 300,000

WATER UTILITY FUND
WATER SALES 2,250,941 2,393,663 2,375,000 2,375,000 2,365,627 99.6% 2,375,000 READY TO SERVE CHARGE 1,860,332 1,747,817 1,800,000 1,900,000 1,954,206 102.9% 1,950,000 OTHER CONNECTION FEES 57,667 62,444 54,000 54,000 68,356 126.6% 48,000 MISCELLANEOUS 101,824 107,673 107,000 107,000 200,549 187.4% 65,000 TOTAL OPERATING REVENUE 4,270,764 4,311,597 4,336,000 4,436,000 4,588,738 103.4% 4,438,000 28 April 7, 2025 Item 12
ACTUAL ACTUAL ADOPTED MID-YEAR ACTUAL %

REVENUE REVENUE BUDGET AMENDED REVENUE RECV'D PROJECTED FINAL FINAL (6/19/23) BUDGET FINAL FY REVENUE
SOURCE OF FUNDS FY 2021-22 FY 2022-23 FY 2023-24 FY 2023-24 FY 2023-24 2023-24 FY 2023-24

CITY OF DEL MAR
FISCAL YEAR 2023-2024

FINAL FINANCIAL REPORT

REVENUE SUMMARIES

CLEAN WATER PROGRAM
SERVICE CHARGE 623,696 632,149 630,000 665,000 657,722 98.9% 665,000 MISCELLANEOUS 5,266 226 5,000 5,000 10,973 219.5% 9,000 TOTAL CLEAN WATER PROGRAM 628,962 632,375 635,000 670,000 668,695 99.8% 674,000

WASTEWATER FUND
SERVICE CHARGES 1,860,666 1,767,441 1,840,000 1,920,000 1,954,106 101.8% 1,970,000 USAGE CHARGES 1,923,924 2,008,043 1,920,000 2,050,000 1,950,126 95.1% 2,000,000 OTHER SEWER FEES 67,657 90,210 75,000 75,000 83,766 111.7% 75,000 MISCELLANEOUS 56,127 18,490 77,000 77,000 188,378 244.6% 80,000 TOTAL WASTEWATER FUND 3,908,374 3,884,184 3,912,000 4,122,000 4,176,376 101.3% 4,125,000 TOTAL ENTERPRISE FUNDS 8,828,156 8,808,100 8,883,000 9,228,000 9,433,809 102.2% 9,237,000 TOTAL ALL FUNDS 33,040,398 36,854,533 37,168,110 39,283,930 38,339,398 97.6% 39,847,168 29 April 7, 2025 Item 12
ACTUAL ACTUAL ADOPTED MID-YEAR ACTUAL %

EXP EXP BUDGET AMENDED EXP EXPENSED PROJECTED
FINAL FINAL (6/19/23) BUDGET FINAL EXP
DEPARTMENT FY 2021-22 FY 2022-23 FY 2023-24 FY 2023-24 FY 2023-24 FY 2023-24 FY 2023-24

GENERAL FUND

GENERAL GOVERNMENT
CITY COUNCIL 23,400 22,010 32,780 41,080 41,603 101.3% 44,000 LEGAL SERVICES 625,181 432,042 450,000 450,000 700,194 155.6% 450,000 CITY MANAGER 714,344 850,489 881,400 881,400 878,774 99.7% 900,000 HUMAN RESOURCES 226,829 168,257 230,080 230,080 258,453 112.3% 230,000 CITY CLERK 337,212 247,843 300,890 300,890 361,529 120.2% 334,020 INFORMATION SYSTEMS 504,087 449,278 551,240 551,240 548,153 99.4% 556,000 FINANCE SERVICES 736,709 781,332 802,020 802,020 764,865 95.4% 800,000 RISK MANAGEMENT 280,408 286,591 352,150 352,150 368,636 104.7% 340,000 PLANNING SERVICES 1,196,048 1,124,971 1,635,760 1,635,760 1,508,816 92.2% 1,620,000 CODE ENFORCEMENT 148,242 140,177 144,750 149,247 161,031 107.9% 150,000 BUILDING SERVICES 485,477 349,196 357,100 357,100 476,118 133.3% 345,000 TOTAL 5,277,937 4,852,186 5,738,170 5,750,967 6,068,173 105.5% 5,769,020

PUBLIC SAFETY
LAW ENFORCEMENT 2,687,591 2,635,662 2,862,770 2,862,770 2,747,809 96.0% 2,850,000 LIFEGUARD SERVICES 1,393,458 1,267,016 1,464,640 1,479,692 1,516,815 102.5% 1,480,000 PARKING ENFORCEMENT 1,084,591 826,516 1,101,920 1,149,483 1,046,838 91.1% 1,150,000 FIRE PROTECTION 2,442,988 2,400,378 2,611,550 2,818,212 2,741,927 97.3% 2,815,000 HAZARDOUS WASTE MANAGEMENT 17,632 17,629 20,250 20,250 20,077 99.1% 15,000 SOLID WASTE 3,508 4,647 5,000 5,000 3,001 60.0% 3,000
EMERGENCY PREPAREDNESS 2,884 1,314 5,000 5,000 3,152 63.0% 5,000 TOTAL 7,632,652 7,153,161 8,071,130 8,340,407 8,079,619 96.9% 8,318,000

PUBLIC WORKS
ENGINEERING SERVICES 137,256 145,511 263,750 275,390 284,858 103.4% 235,000 STORM DRAIN 154,487 134,225 205,960 205,960 199,913 97.1% 210,000 FACILITIES 237,242 184,408 350,650 368,000 284,889 77.4% 368,000 TOTAL 528,985 464,144 820,360 849,350 769,660 90.6% 813,000

NON-DEPARTMENTAL
COMMUNITY SUPPORT 415,129 390,627 414,910 414,910 385,398 92.9% 414,910 TV STUDIO 97,575 82,855 115,850 115,850 89,375 77.1% 114,000 CITY MEMBERSHIPS 93,740 90,754 104,310 104,310 101,741 97.5% 102,000 CITY HALL - GENERAL 157,091 129,645 183,630 156,326 183,630 85.1% 180,000 TOTAL 763,535 693,881 818,700 818,700 732,840 89.5% 810,910

TOTAL GENERAL FUND BEFORE
EQUIPMENT REPLACEMENT 14,203,109 13,163,371 15,448,360 15,759,424 15,650,291 99.3% 15,710,930 EQUIPMENT REPLACEMENT 987,427 65,687 102,200 324,700 270,159 83.2% 224,700

TOTAL GENERAL FUND INCLUDING
EQUIPMENT REPLACEMENT 15,190,536 13,229,057 15,550,560 16,084,124 15,920,450 99.0% 15,935,630 MEASURE Q FUND 1,325,555 907,051 5,636,310 6,782,160 1,174,333 17.3% 6,688,860 ROAD MAINTENANCE REHAB ACCOUNT - - - - - 0% -

CITY OF DEL MAR
FISCAL YEAR 2023-2024

FINAL FINANCIAL REPORT

EXPENDITURE SUMMARIES
30 April 7, 2025 Item 12
ACTUAL ACTUAL ADOPTED MID-YEAR ACTUAL %

EXP EXP BUDGET AMENDED EXP EXPENSED PROJECTED
FINAL FINAL (6/19/23) BUDGET FINAL EXP
DEPARTMENT FY 2021-22 FY 2022-23 FY 2023-24 FY 2023-24 FY 2023-24 FY 2023-24 FY 2023-24

CITY OF DEL MAR
FISCAL YEAR 2023-2024

FINAL FINANCIAL REPORT

EXPENDITURE SUMMARIES

GAS TAX FUND
STREET MAINTENANCE 276,033 182,099 351,830 389,515 269,233 69.1% 384,200 STREET LIGHTS/SIGNS 161,080 125,632 184,210 186,390 174,857 93.8% 185,400 STREET LANDSCAPING 272,320 278,477 303,100 354,700 314,882 88.8% 352,600 TOTAL GAX TAX FUND 709,434 586,208 839,140 930,605 758,972 81.6% 922,200

OPEN SPACE FUND
POWERHOUSE OPERATIONS 379,591 371,958 492,430 495,453 426,569 86.1% 497,000 BEACH MAINTENANCE 363,402 337,950 445,350 446,980 334,473 74.8% 442,300 PARK MAINTENANCE 309,117 307,011 480,450 533,200 434,342 81.5% 530,200 TOTAL OPEN SPACE FUND 1,052,109 1,016,918 1,418,230 1,475,633 1,195,384 81.0% 1,469,500 SUPPLEMENTAL LAW ENFORCEMENT - - - - - 0% -
REGIONAL COMMUNICATION FUND 40,960 61,607 61,250 61,250 44,521 72.7% 61,250 GRANTS FUND 69,752 37,917 61,170 79,670 68,491 86.0% 79,670 HOUSING FUND 101,143 95,600 40,000 45,690 45,684 100.0% 45,690 AB 939 35,989 150,398 78,840 93,672 64,849 69.2% 93,672 PEG FEE FUND 18,510 10,427 10,700 10,700 10,736 100.3% 10,700 TOTAL GENERAL O&M FUNDS 18,543,989 16,095,184 23,696,200 25,563,504 19,283,421 75.4% 25,307,172

CAPITAL IMPROVEMENT FUNDS
OPEN SPACE CIP 584,768 137,311 1,592,000 1,806,595 146,197 8.1% 1,743,595 GENERAL FUND CIP 909,191 763,030 2,213,060 4,545,787 2,230,198 49.1% 4,545,787 DEBT SERVICE-CITY HALL 904,283 905,661 905,670 905,670 902,860 99.7% 905,670 TRANSNET II CIP 133,264 152,680 391,000 527,000 228,756 43.4% 527,000 RTCIP FUND - 5,000 - - - 0.0% -
TOTAL CAPITAL IMPROVEMENT FUNDS 2,531,506 1,963,682 5,101,730 7,785,052 3,508,011 45.1% 7,722,052 SPECIAL PROJECT FUND 452,662 368,344 354,000 1,234,180 430,060 34.8% 1,234,180 TOTAL GENERAL GOVERNMENTAL FUNDS 18,427,211 21,528,157 29,151,930 34,582,736 23,221,491 67.1% 34,263,404 WORKERS' COMPENSATION FUND 380,724 228,848 263,150 276,150 261,612 94.7% 274,000

WATER FUND
GENERAL ADMINISTRATION 1,653,945 1,773,437 2,087,540 2,159,426 2,051,373 95.0% 2,159,400 RISK MANAGEMENT 132,948 153,582 171,070 171,070 162,220 94.8% 170,000 RAW WATER SUPPLY 1,677,581 1,647,167 1,811,460 1,811,460 1,717,992 94.8% 1,810,900 TREATMENT/DELIVERY 441,012 445,740 436,030 436,030 374,796 86.0% 437,000 TOTAL WATER FUND O&M 3,905,486 4,019,926 4,506,100 4,577,986 4,306,381 94.1% 4,577,300 WATER CAP IMPROVEMENT 1,367 29,848 300,000 1,013,777 894,560 88.2% 1,013,777 TOTAL WATER FUND 3,906,853 4,049,775 4,806,100 5,591,763 5,200,941 93.0% 5,591,077 31 April 7, 2025 Item 12
ACTUAL ACTUAL ADOPTED MID-YEAR ACTUAL %

EXP EXP BUDGET AMENDED EXP EXPENSED PROJECTED
FINAL FINAL (6/19/23) BUDGET FINAL EXP
DEPARTMENT FY 2021-22 FY 2022-23 FY 2023-24 FY 2023-24 FY 2023-24 FY 2023-24 FY 2023-24

CITY OF DEL MAR
FISCAL YEAR 2023-2024

FINAL FINANCIAL REPORT

EXPENDITURE SUMMARIES

CLEAN WATER FUND
PLANNING 66,315 59,593 63,720 63,720 78,255 122.8% 63,200 CODE ENFORCEMENT 37,415 35,490 38,480 38,480 39,025 101.4% 37,800 CLEAN WATER MANAGEMENT 281,209 266,563 314,750 314,750 307,573 97.7% 315,000 PUBLIC WORKS 275,141 211,739 324,490 333,000 287,993 86.5% 333,000 TOTAL CLEAN WATER O & M 660,080 573,385 741,440 749,950 712,845 95.1% 749,000 CLEAN WATER CAP IMPROVEMENT 3,462 63,114 65,000 462,385 369,738 80.0% 462,385 TOTAL CLEAN WATER FUND 663,542 636,499 806,440 1,212,335 1,082,583 89.3% 1,211,385

WASTEWATER FUND
RISK MANAGEMENT 131,867 138,316 180,070 180,070 162,220 90.1% 180,000 WASTEWATER TRANSPORTATION 102,276 16,540 133,750 133,750 57,498 43.0% 132,400 WASTEWATER TREATMENT 909,145 703,746 983,880 983,880 927,290 94.2% 984,000 DEBT SERVICE 150,176 161,382 569,390 569,390 563,446 99.0% 567,200 WASTEWATER PROGRAM 2,109,626 2,382,970 2,536,700 2,674,101 2,550,377 95.4% 2,674,000 TOTAL WASTEWATER FUND O&M 3,403,091 3,402,953 4,403,790 4,541,191 4,260,831 93.8% 4,537,600 WASTEWATER CAPITAL IMPROVEMENT - - 375,000 629,902 257,223 40.8% 629,902 TOTAL WASTEWATER FUND 3,403,091 3,402,953 4,778,790 5,171,093 4,518,054 87.4% 5,167,502 TOTAL ENTERPRISE FUNDS 7,973,485 8,089,227 10,391,330 11,975,191 10,801,578 90.2% 11,969,964 TOTAL EXPENDITURES 26,745,285 29,882,366 39,806,410 46,834,077 34,284,682 73.2% 46,507,368 32 April 7, 2025 Item 12
City of Del Mar
Cash Flow Report
General Fund
Fiscal Year 2023-24
Adopted Mid-Year Final
FY 2024 Budget Results
Jun 2023 FY 2024 FY 2024 Difference
(A) (B) (C) (D = C- B)
Total Revenue 20,779,550 20,311,980 22,561,312 1,781,762 Total Expenditures 16,084,124 15,550,560 15,920,450 (163,674) Transfers
Gas Tax 720,830 802,460 634,496 (167,964)
Open Space 681,370 728,773 549,025 (179,748)
SLESF (160,000) (160,000) (192,923) (32,923)
Regional Comm 10,386 11,760 - (11,760)
Housing Fund Transfer 300,000 500,000 500,000 -
Capital Improvement Transfer 200,000 450,000 450,000 -
Clean Water (non-CIP) 106,440 79,950 107,848 27,898
RMRA Reimb (97,400) (187,784) (90,380) 97,404
PEG Fee Reimb (30,000) (30,000) (20,000) 10,000
Total Transfers 1,731,626 2,195,159 1,938,066 (257,093) City Hall Debt 905,670 905,670 902,860 (2,810)
Cash Flow (before CIP & SP) 2,124,124 $ 1,594,597 $ 3,799,936 $ 2,205,339 $ Transfer to CIP
Open Space 187,000 293,977 198,315 (95,662)
General Fund 1,083,500 1,121,962 1,950,765 828,803

RTCIP - - - -
Clean Water 65,000 120,899 30,228 (90,671)
Total CIP 1,335,500 1,536,838 2,179,308 642,470
Transfer to Special Projects 360,000 354,000 354,454 (5,546) Cash Flow (after CIP & SP) 434,624 $ (302,241) $ 1,266,174 $ 1,568,415 $ Reserves
Contingency Reserves 4,910,011 5,357,792 6,849,772 1,491,980 Self-Insurance 350,003 415,632 415,632 -
Housing Reserve 1,400,000 1,600,000 1,600,000 -
Pension Reserves 3,760,000 4,400,000 4,421,894 21,894
Leave Liability 100,000 100,000 100,000 -
Equipment Replecement 983,200 760,700 815,241 54,541
12,634,124 11,503,214 14,202,539 1,568,415
Other Reserve
Capital Reserve 400,000 650,000 650,000 -
Attachment E
33 April 7, 2025 Item 12
Attachment F
RESOLUTION NO. 2025-XX

A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF DEL
MAR, CALIFORNIA, AMENDING THE FISCAL YEAR 2024-2025

OPERATING AND CAPITAL BUDGET
WHEREAS, on June 19, 2023, the City Council of the City of Del Mar adopted Resolution 2023-21, approving the Fiscal Years 2023-2024 and 2024-2025 Operating and Capital Budget; and
WHEREAS, on June 17, 2024, the City Council of the City of Del Mar adopted Resolution 2024-26, updating the Fiscal Year 2024-2025 Operating and Capital Budget; and
WHEREAS, a comprehensive second quarter review of expenditures and revenues through December 31, 2024, has been completed; and WHEREAS, based on the results of the review, adjustments to the Fiscal Year 2024-2025 Operating and Capital Budget are needed to cover costs and account for anticipated revenues through the end of the current fiscal year (Exhibit “A”); and WHEREAS, staff has requested City Council authorization for the City Manager to approve the purchase of an Inflatable Rescue Boat from the Equipment Replacement Fund for Fiscal Year 2024-2025 for an amount not to exceed $24,000, which will be partially offset by a $10,000 donation.

NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Del Mar, California, that the above recitals are true and correct.

BE IT FURTHER RESOLVED that the Fiscal Year 2024-2025 Operating and Capital Budget is amended as shown in Exhibit “A” to the Resolution.

BE IT FURTHER RESOLVED that the City Council does hereby provide authorization to the City Manager to approve the purchase of an Inflatable Rescue Boat from the Equipment Replacement Fund for Fiscal Year 2024-2025 for an amount not to exceed $24,000.

PASSED, APPROVED AND ADOPTED by the City Council of the City of Del Mar, California, at a Regular Meeting held on the 7th day of April 2025. ________________________________
Terry Gaasterland, Mayor
City of Del Mar
34 April 7, 2025 Item 12
Resolution No. 2025-XX

APPROVED AS TO FORM:
________________________________
Leslie E. Devaney, City Attorney
City of Del Mar
ATTEST AND CERTIFICATION:

STATE OF CALIFORNIA

COUNTY OF SAN DIEGO

CITY OF DEL MAR
I, Sarah Krietor, Administrative Services Manager/City Clerk of the City of Del Mar, California, DO HEREBY CERTIFY that the foregoing is a true and correct copy of Resolution No. 2025-XX, adopted by the City Council of the City of Del Mar, California, at a Regular Meeting held the 7th day of April 2025, by the following vote:

AYES:

NOES:

RECUSE:

ABSENT:

ABSTAIN:
________________________________
Sarah Krietor, Administrative Services
Manager/City Clerk
City of Del Mar
35 April 7, 2025 Item 12

BEGINNING ENDING

BALANCE O & M CIP BALANCE
JUL 1, 2024 REVENUES EXPENDITURES EXPENDITURES IN (OUT) JUN 30, 2025 ACTUAL FY 2025 FY 2025 FY 2025 FY 2025 FY 2025 ESTIMATE CONTINGENCY 30.08% 6,849,772 22,924,030 (16,675,885) - 637,877 $ (8,052,770) 5,683,024 RESTRICTED:

SELF-INSURANCE 415,632 - (140,000) - - 24,368 300,000
DESIGNATED:

ENCUMBRANCES - - - - - - -

DISTRICT TAX (MEASURE Q) - - - - - - -
COASTAL PARKING REVENUE - 81,900 (81,900) - - - -
HOUSING RESERVE 1,600,000 300,000 (250,000) 1,650,000
PENSION RESERVE 4,421,894 - - - 360,000 - 4,781,894
LEAVE LIABILITY 100,000 - - - - - 100,000
EQUIPMENT REPLACEMENT 815,241 - (257,899) - 100,000 - 657,342 TOTAL GENERAL FUND 14,202,539 23,005,930 (17,155,684) - 1,397,877 (8,278,402) 13,172,260 3,500,000 4,813,880 - (7,993,200) - - 320,680
ENCUMBRANCES 5,562,625 - - (5,562,625) - - -
TOTAL MEASURE Q FUND 10,376,505 3,500,000 - (13,555,825) - - 320,680 - - - - - - -
100,860 107,385 - - - (208,245) -
114,770 - (902,515) - 787,745 - -
924,530 - (1,434,588) - 510,058 - -

DESIGNATED
ENCUMBRANCES 241,725 - - (241,725) - - -
CAPITAL IMPROVEMENT PROJECTS 1,418,673 - - (1,499,673) 81,000 - - OPEN SPACE ACQUISITION 86,388 - - - - - 86,388
TREE RESERVE 41,017 - - - - - 41,017
TOTAL OPEN SPACE FUND 369,130 2,343,203 (1,434,588) (1,741,398) 591,058 - 127,405 194,000 - - - - (194,000) -
45,000 15,531 (61,250) - 13,897 - 13,178

CITY OF DEL MAR

RESERVE SUMMARY
FISCAL YEAR 2024-2025

TRANSFERS

MID-YEAR FINANCIAL REPORT

GENERAL FUND

MEASURE Q

EMERGENCY EXPENDITURE FUND

ROAD MAINTENANCE REHABILITATION ACCT

GAS TAX FUND

OPEN SPACE FUND

SUPPLEMENTAL LAW ENFORCEMENT FUND

REGIONAL COMMUNICATIONS FUND
Exhibit A
36 April 7, 2025 Item 12

BEGINNING ENDING

BALANCE O & M CIP BALANCE
JUL 1, 2024 REVENUES EXPENDITURES EXPENDITURES IN (OUT) JUN 30, 2025 ACTUAL FY 2025 FY 2025 FY 2025 FY 2025 FY 2025 ESTIMATE

CITY OF DEL MAR

RESERVE SUMMARY
FISCAL YEAR 2024-2025

TRANSFERS

MID-YEAR FINANCIAL REPORT
66,352 155,775 (67,522) - - - 154,605
162,850 48,745 (57,240) - - - 154,355

HOUSING RESERVE - - - - - -
TOTAL HOUSING FUND 48,745 162,850 (57,240) - - - 154,355 154,000 572,062 (118,890) - - - 607,172
46,000 13,241 (31,200) - - (10,000) 18,041
2,835,764 47,793 (4,096,365) 1,212,808 - -
ENCUMBRANCES 875,560 - (875,560) - -
RESERVE FOR CAPITAL 650,000 - - - 2,500,000 3,150,000
DEBT SERVICE - - (904,290) - 904,290 - -
TOTAL CAPITAL IMPROVEMENT FUND 1,573,353 2,835,764 (904,290) (4,971,925) 4,617,098 - 3,150,000 - 798,574 - (1,538,274) 739,700 - -
578,000 3,365 - (578,000) - - 3,365
- 36,605 - - - - 36,605
290,000 396,611 (304,000) - - - 382,611
NET POSITION 1,836,306 4,669,000 (4,517,911) - - (556,794) 1,430,601 RESTRICTED:

CONTRIBUTED CAPITAL 4,028,272 - - - - - 4,028,272

DESIGNATED
ENCUMBRANCES 121,498 - (2,281) (119,217) - - -
SELF-INSURANCE 50,000 - - - - - 50,000
RATE STABILIZATION 200,000 - - - - - 200,000
CAPTIAL REPLACEMENT 470,000 - - (622,000) 528,794 - 376,794 NET PENSION LIABILITY (1,976,172) - - - - - (1,976,172) PENSION RESERVE 1,000,000 - - - - - 1,000,000
OPERATING RESERVE 500,000 - - - - - 500,000
EQUIPMENT REPLACEMENT 200,000 - (28,000) - 28,000 - 200,000 UTILITY PLANT IN SERVICE 7,347,968 - (385,000) - - - 6,962,968 TOTAL WATER FUND 13,777,872 4,669,000 (4,933,192) (741,217) 556,794 (556,794) 12,772,463

PEG FEE FUND

GRANTS FUND

HOUSING FUND
AB 939 FUND

CAPITAL IMPROVEMENT FUND

SPECIAL PROJECT FUND

TRANSNET FUND
RTCIP

WORKERS' COMPENSATION FUND

WATER FUND
37 April 7, 2025 Item 12

BEGINNING ENDING

BALANCE O & M CIP BALANCE
JUL 1, 2024 REVENUES EXPENDITURES EXPENDITURES IN (OUT) JUN 30, 2025 ACTUAL FY 2025 FY 2025 FY 2025 FY 2025 FY 2025 ESTIMATE

CITY OF DEL MAR

RESERVE SUMMARY
FISCAL YEAR 2024-2025

TRANSFERS

MID-YEAR FINANCIAL REPORT
NET POSITION 63,698 635,000 (825,470) - 126,772 -
-

DESIGNATED -
UTILITY PLANT IN SERVICE 446,876 - 446,876
ENCUMBRANCES 66,186 (364) (65,822) - -
CAPITAL REPLACEMENT - (416,500) 416,500 -
TOTAL CLEAN WATER FUND 576,760 635,000 (825,834) (482,322) 543,272 - 446,876 NET POSITION 713,858 4,152,000 (4,159,521) - - (439,900) 266,437 -

RESTRICTED
IBANK RESERVE 228,828 - - - - - 228,828
CONTRIBUTED CAPITAL 650,814 - - - - - 650,814
LOAN RESERVE-STATE REVOLVING - 332,979 - - - - 332,979

DESIGNATED
ENCUMBRANCES 374,960 - (2,281) (372,679) - - -
SELF-INSURANCE 50,000 - - - - - 50,000
CAPITAL REPLACEMENT 500,000 - - (425,000) 425,000 - 500,000 NET PENSION LIABILITY (1,986,628) - - - - - (1,986,628) PENSION RESERVE 900,000 - - - - - 900,000
OPERATING RESERVE 408,000 - - - - - 408,000
EQUIPMENT REPLACEMENT 300,000 - (14,900) - 14,900 - 300,000 UTILITY PLANT IN SERVICE 8,548,709 - (700,000) - - - 7,848,709 RATE STABILIZATION 200,000 - - - - - 200,000
TOTAL WASTEWATER FUND 11,221,520 4,152,000 (4,876,702) (797,679) 439,900 (439,900) 9,699,139 TOTAL ENTERPRISE FUNDS 25,576,152 9,456,000 (10,635,728) (2,021,218) 1,539,966 (996,694) 22,918,478 TOTAL - ALL FUNDS 54,245,573 42,892,729 (31,672,907) (24,406,640) 9,687,341 (9,687,341) 41,058,755

CLEANWATER FUND

WASTEWATER FUND
38 April 7, 2025 Item 12
ACTUAL ACTUAL ACTUAL % CURRENT MID-YEAR PROPOSED ACTUAL %

REVENUE REVENUE REVENUE RECV'D ADOPTED ENC & BUDGET AMENDED REVENUE RECV'D PROJECTED

FINAL FINAL MID-YEAR MID-YEAR BUDGET APPROP REQUEST BUDGET MIDYEAR MIDYEAR REVENUE SOURCE OF FUNDS FY 2022-23 FY2023-24 FY2023-24 FY2023-24 FY 2024-25 FY 2024-25 FY2024-25 FY 2024-25 FY 2024-25 2024-25 FY 2024-25

GENERAL FUND
TAXES
PROPERTY TAX 7,241,627 7,651,288 3,231,286 42.2% 8,032,500 - - 8,032,500 3,330,497 41.5% 8,070,000 VLF IN LIEU OF PROPERTY TAX 759,841 807,116 57 0.0% 821,800 - - 821,800 - 0.0% 830,000 SALES AND USE TAX 2,306,262 2,196,466 1,193,779 54.3% 2,300,000 - - 2,300,000 895,355 38.9% 2,200,000 TRANSIENT OCCUPANCY TAX 3,816,392 3,799,038 2,123,582 55.9% 3,820,000 - 180,000 4,000,000 1,709,725 42.7% 4,000,000 BUSINESS LICENSE TAX 276,466 362,769 123,715 34.1% 350,000 - - 350,000 98,873 28.2% 330,000 FRANCHISE TAX 442,409 446,816 145,078 32.5% 430,000 - - 430,000 75,475 17.6% 430,000 REAL PROPERTY TRANSFER TAX 134,893 178,484 83,261 46.6% 140,000 - - 140,000 70,777 50.6% 145,000 TOTAL 14,977,890 15,441,977 6,900,758 44.7% 15,894,300 - 180,000 16,074,300 6,180,702 38.5% 16,005,000 - -

LICENSES & PERMITS - -
LICENSES & PERMITS 3,485 2,335 750 21.5% 500 - - 500 750 150.0% 750 JUNIOR LIFEGUARD 90,310 96,990 923 1.0% 95,000 - - 95,000 1,615 1.7% 95,000 PARKING PERMITS 27,387 30,060 13,298 48.6% 25,000 - - 25,000 13,165 52.7% 30,000 TOTAL 121,181 129,385 14,971 12.4% 120,500 - - 120,500 15,530 12.9% 125,750 -

FINES & FORFEITURES -
MOVING VIOLATIONS/VEHICLE CODE FINES 58,170 69,284 34,638 50.0% 55,000 - - 55,000 31,893 58.0% 65,000 PARKING VIOLATIONS 1,368,108 1,395,851 666,701 47.8% 1,250,000 - 100,000 1,350,000 764,142 56.6% 1,450,000 PENALTIES 5,712 25,267 15,118 59.8% 12,000 - - 12,000 7,781 64.8% 12,000 ADMINISTRATIVE CITATIONS 88,167 55,152 28,450 51.6% 45,000 - - 45,000 24,115 53.6% 45,000 RED LIGHT ENFORCEMENT 73,937 94,156 39,611 42.1% 65,000 - - 65,000 38,291 58.9% 80,000 TOTAL 1,594,094 1,639,711 784,518 47.8% 1,427,000 - 100,000 1,527,000 866,222 56.7% 1,652,000 -

REVENUE FROM USE OF ASSETS -
INV EARN-GENERAL 925,444 199,381 159,517 17.2% 400,000 - - 400,000 240,269 60.1% 400,000 RENTAL INCOME 240,743 230,372 159,447 66.2% 200,000 - - 200,000 234,760 117.4% 240,000 PARKING METER INCOME 1,268,930 1,433,473 625,652 43.6% 1,400,000 - 300,000 1,700,000 891,255 52.4% 1,650,000 SIDEWALK CAFÉ USER FEE 12,371 1,469 6,015 48.6% 3,000 - - 3,000 4,054 135.1% 3,000 TOTAL 1,700,152 2,612,031 950,631 36.4% 2,003,000 - 300,000 2,303,000 1,370,338 59.5% 2,293,000

REVENUE FROM OTHER AGENCIES
MOTOR VEHICLE LICENSE FEE 4,868 4,040 - 0.0% 4,000 - - 4,000 - 0.0% 4,800 PUBLIC SAFETY AUGMENTATION FUND 107,890 107,147 54,209 50.2% 100,000 - - 100,000 46,154 46.2% 100,000 HOMEOWNER EXEMPT 34,592 35,835 6,213 18.0% 35,000 - - 35,000 5,150 14.7% 30,000 STATE MANDATED COST REIMB 128 - 128 0.0% 1,500 - - 1,500 - 0.0% 1,500 FEDERAL/STATE GRANTS 24,406 5,000 20,556 84.2% 162,200 - - 162,200 5,000 3.1% 162,200 CORONAVIRUS RELIEF FUNDS - 870,883 - 0.0% 162,310 - - 162,310 - 0.0% 162,310 OFF-TRACK PARIMUTUEL 7,465 9,009 2,387 32.0% 8,000 - - 8,000 1,366 17.1% 6,500 SOLID WASTE 12,620 10,996 12,620 100.0% 11,000 - - 11,000 12,932 117.6% 12,900 TOTAL 191,969 1,042,910 96,113 50.1% 484,010 - - 484,010 70,602 14.6% 480,210 -

CHARGES - PLANNING SERVICES -
PLANNING SERVICES 502,183 625,509 213,161 42.4% 520,000 - - 520,000 314,323 60.4% 525,000 ENGINEERING SERVICES 171,259 181,888 84,078 49.1% 200,000 - - 200,000 77,847 38.9% 160,000 BUILDING SERVICES 612,862 606,602 257,075 41.9% 500,000 - - 500,000 289,300 57.9% 540,000 TOTAL 1,286,304 1,413,999 554,314 43.1% 1,220,000 - - 1,220,000 681,470 55.9% 1,225,000

CITY OF DEL MAR
FISCAL YEAR 2024-25

MID-YEAR FINANCIAL REPORT

REVENUE SUMMARIES
39 April 7, 2025 Item 12
ACTUAL ACTUAL ACTUAL % CURRENT MID-YEAR PROPOSED ACTUAL %

REVENUE REVENUE REVENUE RECV'D ADOPTED ENC & BUDGET AMENDED REVENUE RECV'D PROJECTED

FINAL FINAL MID-YEAR MID-YEAR BUDGET APPROP REQUEST BUDGET MIDYEAR MIDYEAR REVENUE SOURCE OF FUNDS FY 2022-23 FY2023-24 FY2023-24 FY2023-24 FY 2024-25 FY 2024-25 FY2024-25 FY 2024-25 FY 2024-25 2024-25 FY 2024-25

CITY OF DEL MAR
FISCAL YEAR 2024-25

MID-YEAR FINANCIAL REPORT

REVENUE SUMMARIES

OTHER REVENUE SOURCES
PARKING IN-LIEU FEE 13,764 - 6,892 50.1% 1,500 - - 1,500 2,669 177.9% 2,700 ADMINISTRATIVE CHARGE 937,650 910,344 468,822 50.0% 990,000 - - 990,000 482,898 48.8% 990,000 ADMINISTRATIVE CHARGE-MEASURE Q 90,528 59,875 - 0.0% 150,000 - - 150,000 - 0.0% 150,000 EXPENDITURE REIMBURSEMENT 148,006 3,811 15,323 10.4% 5,000 - 30,000 35,000 30,766 87.9% 35,000 MISCELLANEOUS 73,594 167,314 36,860 50.1% 25,000 - 75,620 100,620 83,976 83.5% 100,620 TOTAL 1,263,541 1,141,344 527,897 41.8% 1,171,500 - 105,620 1,277,120 600,309 47.0% 1,278,320 - -
TOTAL GENERAL FUND 22,556,715 21,999,774 9,829,202 43.6% 22,320,310 - 685,620 23,005,930 9,785,173 42.5% 23,059,280 MEASURE Q FUND 3,780,939 3,401,946 1,911,144 50.5% 3,500,000 - - 3,500,000 1,306,930 37.3% 3,490,000 ROAD MAINTENANCE REHAB ACCOUNT 107,381 90,384 48,309 45.0% 100,860 - - 100,860 45,924 45.5% 99,760 GAS TAX FUND 114,641 105,890 60,442 52.7% 114,770 - - 114,770 53,560 46.7% 117,400 -

OPEN SPACE FUND -
-
TAXES 18,144 34,115 8,150 44.9% 12,000 - - 12,000 2,308 19.2% 8,000 LICENSE & PERMITS 403,365 390,339 200,400 49.7% 440,000 - - 440,000 197,115 44.8% 435,000 RENTAL INCOME - - - 0.0% 221,670 - - 221,670 73,892 33.3% 235,000 FEDERAL/STATE GRANTS 215,672 - 180,672 83.8% - - - - - 0.0% - OFF-TRACK PARIMUTUEL 4,976 4,334 1,591 32.0% 5,000 - - 5,000 911 18.2% 4,000 CONTRIBUTIONS 34,000 102,856 34,000 100.0% 203,000 1,418,673 - 1,621,673 - 0.0% 1,621,673 MISCELLANEOUS 8,952 8,021 5,414 60.5% 42,860 - - 42,860 74,900 174.8% 42,860 TOTAL OPEN SPACE FUND 685,109 539,665 430,227 62.8% 924,530 1,418,673 - 2,343,203 349,126 14.9% 2,346,533 -
SUPPLEMENTAL LAW FUND 192,923 166,847 116,180 60.2% 160,000 - 34,000 194,000 124,672 64.3% 194,000 -
REGIONAL COMMUNICATION 46,159 43,990 - 0.0% 45,000 - - 45,000 - 0.0% 46,000 -
GRANTS FUND 87,833 71,515 25,885 29.5% 66,352 - - 66,352 10,506 15.8% 70,000 -
HOUSING FUND 42,364 2,546 7,873 18.6% 30,000 - 132,850 162,850 166,481 102.2% 162,850 -
AB 939 251,345 159,145 77,678 30.9% 154,000 - - 154,000 42,054 27.3% 154,000 -
PEG FEE FUND 40,405 43,647 20,844 51.6% 46,000 - - 46,000 8,682 18.9% 40,000 40 April 7, 2025 Item 12
ACTUAL ACTUAL ACTUAL % CURRENT MID-YEAR PROPOSED ACTUAL %

REVENUE REVENUE REVENUE RECV'D ADOPTED ENC & BUDGET AMENDED REVENUE RECV'D PROJECTED

FINAL FINAL MID-YEAR MID-YEAR BUDGET APPROP REQUEST BUDGET MIDYEAR MIDYEAR REVENUE SOURCE OF FUNDS FY 2022-23 FY2023-24 FY2023-24 FY2023-24 FY 2024-25 FY 2024-25 FY2024-25 FY 2024-25 FY 2024-25 2024-25 FY 2024-25

CITY OF DEL MAR
FISCAL YEAR 2024-25

MID-YEAR FINANCIAL REPORT

REVENUE SUMMARIES

CAPITAL IMPROVEMENT FUND
FEDERAL/STATE GRANTS 208,899 684,949 111,102 53.2% 1,411,950 1,423,814 - 2,835,764 - 0.0% 2,672,450 MISCELLANEOUS 202,872 63,564 41,221 20.3% - - - - - 100.0% - TOTAL CAPITAL IMPROVEMENT FUND 411,771 748,513 152,323 37.0% 1,411,950 1,423,814 - 2,835,764 - 0.0% 2,672,450 -
TRANSNET FUND 228,931 133,698 49,066 21.4% 147,000 431,000 - 578,000 11 0.0% 578,000 -
RTCIP FUND 4,977 23,784 228 4.6% - - - - 122 100.0% 400 -
SPECIAL PROJECTS FUND - 225,000 - 0.0% - - - - - 0.0% - -
TOTAL GENERAL GOVERNMENTAL FUNDS 28,551,493 27,756,344 12,729,401 44.6% 29,020,772 3,273,487 852,470 33,146,729 11,893,241 35.9% 33,030,673 -
WORKERS' COMPENSATION FUND 349,499 290,088 146,880 42.0% 290,000 - - 290,000 176,541 60.9% 290,000 -

WATER UTILITY FUND -
-
WATER SALES 2,365,627 2,250,941 1,362,692 57.6% 2,375,000 - 200,000 2,575,000 1,622,079 63.0% 2,600,000 READY TO SERVE CHARGE 1,954,206 1,860,332 954,624 48.8% 1,950,000 - - 1,950,000 1,012,982 51.9% 1,960,000 OTHER CONNECTION FEES 68,356 57,667 28,920 42.3% 54,000 - - 54,000 20,268 37.5% 35,000 MISCELLANEOUS 200,549 101,824 31,148 15.5% 90,000 - - 90,000 36,854 40.9% 74,000 TOTAL OPERATING REVENUE 4,588,738 4,270,764 2,377,384 51.8% 4,469,000 - 200,000 4,669,000 2,692,183 57.7% 4,669,000 -

CLEAN WATER PROGRAM -
-
SERVICE CHARGE 657,722 623,696 362,767 55.2% 630,000 - - 630,000 328,840 52.2% 595,000 MISCELLANEOUS 10,973 5,266 3,662 33.4% 5,000 - - 5,000 1,645 32.9% 41,200 TOTAL CLEAN WATER PROGRAM 668,695 628,962 366,429 54.8% 635,000 - - 635,000 330,485 52.0% 636,200

WASTEWATER FUND
SERVICE CHARGES 1,954,106 1,860,666 954,728 48.9% 1,940,000 - 60,000 2,000,000 1,077,276 53.9% 2,000,000 USAGE CHARGES 1,950,126 1,923,924 1,029,256 52.8% 2,000,000 - - 2,000,000 1,104,367 55.2% 2,000,000 OTHER SEWER FEES 83,766 67,657 35,439 42.3% 75,000 - - 75,000 19,331 25.8% 47,700 MISCELLANEOUS 188,378 56,127 27,468 14.6% 77,000 - - 77,000 19,032 24.7% 48,000 TOTAL WASTEWATER FUND 4,176,376 3,908,374 2,046,891 49.0% 4,092,000 - 60,000 4,152,000 2,220,006 53.5% 4,095,700 -
TOTAL ENTERPRISE FUNDS 8,808,100 9,433,809 4,790,704 50.8% 9,196,000 - 260,000 9,456,000 5,242,674 55.4% 9,400,900 -
TOTAL ALL FUNDS 36,854,532 38,334,801 17,666,985 46.1% 38,506,772 3,273,487 1,112,470 42,892,729 17,312,456 40.4% 42,721,573 41 April 7, 2025 Item 12
ACTUAL ACTUAL ACTUAL % CURRENT MID-YEAR PROPOSED ACTUAL %

EXP EXP EXP EXPENSED ADOPTED ENC & BUDGET AMENDED EXP EXP PROJECTED

FINAL FINAL MID-YEAR MID-YEAR BUDGET APPROP REQUEST BUDGET MIDYEAR MIDYEAR EXP DEPARTMENT FY 2022-23 FY 2023-24 FY 2023-24 FY 2023-24 FY 2024-25 FY 2024-25 FY 2024-25 FY 2024-25 FY 2024-25 FY 2024-25 FY 2024-25

GENERAL FUND

GENERAL GOVERNMENT
CITY COUNCIL 41,603 23,400 12,012 28.9% 35,280 - - 35,280 10,440 29.6% 39,870 LEGAL SERVICES 700,194 625,181 134,040 19.1% 506,000 - 100,000 606,000 201,991 33.3% 600,000 CITY MANAGER 878,774 714,344 412,969 47.0% 922,090 - - 922,090 418,517 45.4% 920,095 HUMAN RESOURCES 258,453 226,829 130,000 50.3% 249,590 - - 249,590 145,932 58.5% 274,860 CITY CLERK 361,529 337,212 169,585 46.9% 364,740 - - 364,740 227,303 62.3% 448,500 INFORMATION SYSTEMS 548,153 504,087 337,507 61.6% 544,960 - - 544,960 349,802 64.2% 561,200 FINANCE SERVICES 764,865 736,709 376,321 49.2% 809,760 650 - 810,410 352,223 43.5% 814,690 RISK MANAGEMENT 368,636 280,408 315,510 85.6% 481,350 - - 481,350 401,001 83.3% 428,000 PLANNING SERVICES 1,508,816 1,196,048 698,502 46.3% 1,876,690 650 - 1,877,340 956,054 50.9% 1,830,700 CODE ENFORCEMENT 161,031 148,242 93,517 58.1% 149,550 - - 149,550 99,344 66.4% 170,390 BUILDING SERVICES 476,118 485,477 183,886 38.6% 403,500 - - 403,500 247,615 61.4% 403,500 TOTAL 6,068,172 5,277,937 2,863,849 47.2% 6,343,510 1,300 100,000 6,444,810 3,410,222 52.9% 6,491,805

PUBLIC SAFETY
LAW ENFORCEMENT 2,747,809 2,687,591 948,141 34.5% 2,962,340 - - 2,962,340 978,161 33.0% 2,848,940 LIFEGUARD SERVICES 1,516,815 1,393,458 797,723 52.6% 1,547,960 - - 1,547,960 866,376 56.0% 1,626,080 PARKING ENFORCEMENT 1,046,838 1,084,591 525,204 50.2% 1,189,520 - - 1,189,520 573,396 48.2% 1,221,730 FIRE PROTECTION 2,741,927 2,442,988 1,405,147 51.2% 2,894,330 35,732 102,000 3,032,062 1,481,517 48.9% 3,024,020 HAZARDOUS WASTE MANAGEMENT 20,077 17,632 20,077 100.0% 22,960 - - 22,960 21,907 95.4% 22,910 SOLID WASTE 3,001 3,508 1,109 37.0% 5,000 - - 5,000 191 3.8% 4,000 EMERGENCY PREPAREDNESS 3,152 2,884 1,347 42.7% 5,750 - - 5,750 1,327 23.1% 5,580 TOTAL 8,079,619 7,632,652 3,698,748 45.8% 8,627,860 35,732 102,000 8,765,592 3,922,875 44.8% 8,753,260

PUBLIC WORKS
ENGINEERING SERVICES 284,858 137,256 50,254 17.6% 263,750 - - 263,750 73,229 27.8% 250,000 STORM DRAIN 199,913 154,487 95,132 47.6% 205,750 16,033 - 221,783 147,414 66.5% 249,300 FACILITIES 284,889 237,242 134,901 47.4% 359,280 - - 359,280 102,166 28.4% 328,090 TOTAL 769,660 528,985 280,287 36.4% 828,780 16,033 - 844,813 322,809 38.2% 827,390

NON-DEPARTMENTAL
COMMUNITY SUPPORT 385,398 415,129 244,666 63.5% 427,510 - - 427,510 287,159 67.2% 442,200 TV STUDIO 89,375 97,575 13,578 15.2% 119,420 - - 119,420 16,373 13.7% 124,200 CITY MEMBERSHIPS 101,741 93,740 97,971 96.3% 109,890 - - 109,890 101,308 92.2% 105,170 CITY HALL - GENERAL 156,326 157,091 75,775 48.5% 185,750 - - 185,750 100,817 54.3% 185,000 TOTAL 732,840 763,535 431,990 58.9% 842,570 - - 842,570 505,657 60.0% 856,570

TOTAL GENERAL FUND BEFORE
EQUIPMENT REPLACEMENT 15,650,291 14,203,109 7,274,874 46.5% 16,642,720 53,065 202,000 16,897,785 8,161,563 48.3% 16,929,025 EQUIPMENT REPLACEMENT 270,159 987,427 4,562 1.7% 182,240 47,159 28,500 257,899 60,953 23.6% 257,900

TOTAL GENERAL FUND INCLUDING -
EQUIPMENT REPLACEMENT 15,920,450 15,190,536 7,279,436 45.7% 16,824,960 100,224 230,500 17,155,684 8,222,516 47.9% 17,186,925

CITY OF DEL MAR
FISCAL YEAR 2024-2025

MID-YEAR FINANCIAL REPORT

EXPENDITURE SUMMARIES
42 April 7, 2025 Item 12
ACTUAL ACTUAL ACTUAL % CURRENT MID-YEAR PROPOSED ACTUAL %

EXP EXP EXP EXPENSED ADOPTED ENC & BUDGET AMENDED EXP EXP PROJECTED

FINAL FINAL MID-YEAR MID-YEAR BUDGET APPROP REQUEST BUDGET MIDYEAR MIDYEAR EXP DEPARTMENT FY 2022-23 FY 2023-24 FY 2023-24 FY 2023-24 FY 2024-25 FY 2024-25 FY 2024-25 FY 2024-25 FY 2024-25 FY 2024-25 FY 2024-25

CITY OF DEL MAR
FISCAL YEAR 2024-2025

MID-YEAR FINANCIAL REPORT

EXPENDITURE SUMMARIES
- -
MEASURE Q FUND 1,174,333 1,325,555 18,250 1.6% 7,843,200 5,562,625 150,000 13,555,825 490,157 3.6% 9,752,400 - -
ROAD MAINTENANCE REHAB ACCOUNT - - - 0.0% - - - - - 0.0% -

GAS TAX FUND
STREET MAINTENANCE 269,233 276,033 115,916 43.1% 382,420 65 - 382,485 151,983 39.7% 318,505 STREET LIGHTS/SIGNS 174,857 161,080 73,126 41.8% 198,850 - 15,000 213,850 52,538 24.6% 178,640 STREET LANDSCAPING 314,882 272,320 196,796 62.5% 306,180 - - 306,180 126,681 41.4% 285,780 TOTAL GAX TAX FUND 758,972 709,433 385,838 50.8% 887,450 65 15,000 902,515 331,202 36.7% 782,925

OPEN SPACE FUND
POWERHOUSE OPERATIONS 426,569 379,591 203,613 47.7% 485,030 4,169 - 489,199 199,801 40.8% 472,600 BEACH MAINTENANCE 334,473 363,402 179,510 53.7% 451,620 59 - 451,679 152,942 33.9% 406,450 PARK MAINTENANCE 434,342 309,117 163,499 37.6% 493,710 - - 493,710 195,166 39.5% 498,080 TOTAL OPEN SPACE FUND 1,195,384 1,052,110 546,622 45.7% 1,430,360 4,228 - 1,434,588 547,909 38.2% 1,377,130 SUPPLEMENTAL LAW ENFORCEMENT - - - 0.0% - - - - 0.0% -
REGIONAL COMMUNICATION FUND 44,521 40,960 - 0.0% 61,250 - - 61,250 - 0.0% 61,250 GRANTS FUND 68,491 69,752 12,729 18.6% 67,522 - 67,522 12,695 18.8% 67,520 HOUSING FUND 45,684 101,143 45,684 100.0% 40,000 - 17,240 57,240 57,234 100.0% 57,240 AB 939 64,849 35,989 27,020 41.7% 118,890 - - 118,890 29,403 24.7% 119,530 PEG FEE FUND 10,736 18,510 6,319 58.9% 31,200 - - 31,200 3,837 12.3% 43,530 TOTAL GENERAL O&M FUNDS 19,283,420 18,543,988 8,321,898 43.2% 27,304,832 5,667,142 412,740 33,384,714 9,694,953 29.0% 29,448,450

CAPITAL IMPROVEMENT FUNDS
OPEN SPACE CIP 146,197 584,768 64,747 44.3% 81,000 1,660,398 - 1,741,398 106,267 6.1% 1,741,398 GENERAL FUND CIP 2,230,198 909,191 508,814 22.8% 2,627,550 2,299,375 45,000 4,971,925 817,743 16.4% 4,971,925 DEBT SERVICE-CITY HALL 902,860 904,283 684,093 75.8% 904,290 - - 904,290 689,595 76.3% 904,290 TRANSNET II CIP 228,756 133,264 49,066 21.4% 147,000 431,000 - 578,000 - 0.0% 578,000 RTCIP FUND - - - 0.0% - - - - - 0.0% -
TOTAL CAPITAL IMPROVEMENT FUNDS 3,508,011 2,531,506 1,306,720 37.2% 3,759,840 4,390,773 45,000 8,195,613 1,613,605 19.7% 8,195,613 SPECIAL PROJECT FUND 430,060 452,662 127,014 29.5% 669,460 798,574 70,240 1,538,274 102,043 6.6% 1,488,274 TOTAL GENERAL GOVERNMENTAL FUNDS 23,221,491 21,528,156 9,755,632 42.0% 31,734,132 10,856,489 527,980 43,118,601 11,410,601 26.5% 39,132,337 43 April 7, 2025 Item 12
ACTUAL ACTUAL ACTUAL % CURRENT MID-YEAR PROPOSED ACTUAL %

EXP EXP EXP EXPENSED ADOPTED ENC & BUDGET AMENDED EXP EXP PROJECTED

FINAL FINAL MID-YEAR MID-YEAR BUDGET APPROP REQUEST BUDGET MIDYEAR MIDYEAR EXP DEPARTMENT FY 2022-23 FY 2023-24 FY 2023-24 FY 2023-24 FY 2024-25 FY 2024-25 FY 2024-25 FY 2024-25 FY 2024-25 FY 2024-25 FY 2024-25

CITY OF DEL MAR
FISCAL YEAR 2024-2025

MID-YEAR FINANCIAL REPORT

EXPENDITURE SUMMARIES
WORKERS' COMPENSATION FUND 261,612 380,724 231,003 88.3% 304,000 - - 304,000 237,279 78.1% 304,000

WATER FUND
GENERAL ADMINISTRATION 2,051,373 1,653,945 746,519 36.4% 2,157,790 2,282 22,450 2,182,522 867,612 39.8% 2,178,010 RISK MANAGEMENT 162,220 132,948 154,514 95.2% 187,540 - - 187,540 200,403 106.9% 202,900 RAW WATER SUPPLY 1,717,992 1,677,581 791,098 46.0% 1,902,040 - 200,000 2,102,040 922,902 43.9% 2,100,000 TREATMENT/DELIVERY 374,796 441,012 72,700 19.4% 461,090 - - 461,090 150,427 32.6% 450,000 TOTAL WATER FUND O&M 4,306,381 3,905,486 1,764,831 41.0% 4,708,460 2,282 222,450 4,933,192 2,141,344 43.4% 4,930,910 WATER CAP IMPROVEMENT - 1,367 16,315 100.0% 622,000 119,217 - 741,217 16,665 2.2% 741,210 TOTAL WATER FUND 4,306,381 3,906,853 1,781,146 41.4% 5,330,460 121,499 222,450 5,674,409 2,158,009 38.0% 5,672,120

CLEAN WATER FUND
PLANNING 78,255 66,315 35,205 45.0% 71,460 - 20,000 91,460 46,496 50.8% 90,630 CODE ENFORCEMENT 39,025 37,415 22,888 58.6% 39,560 - - 39,560 25,625 64.8% 42,390 CLEAN WATER MANAGEMENT 307,573 281,209 132,277 43.0% 344,030 - - 344,030 103,177 30.0% 341,500 PUBLIC WORKS 287,993 275,141 140,559 48.8% 330,420 364 20,000 350,784 159,493 45.5% 350,590 TOTAL CLEAN WATER O & M 712,846 660,080 330,929 46.4% 785,470 364 40,000 825,834 334,791 40.5% 825,110 CLEAN WATER CAP IMPROVEMENT - 3,462 4,208 100.0% 416,500 65,822 - 482,322 10,746 2.2% 416,500 TOTAL CLEAN WATER FUND 712,846 663,542 335,137 47.0% 1,201,970 66,186 40,000 1,308,156 345,537 26.4% 1,241,610

WASTEWATER FUND
RISK MANAGEMENT 162,220 131,867 154,514 95.2% 196,540 - - 196,540 200,403 102.0% 200,500 WASTEWATER TRANSPORTATION 57,498 102,276 29,702 51.7% 139,740 - - 139,740 59,404 42.5% 134,000 WASTEWATER TREATMENT 927,290 909,145 627,909 67.7% 1,039,550 - 130,000 1,169,550 463,246 39.6% 1,167,000 DEBT SERVICE 563,446 150,176 544,430 96.6% 568,850 - - 568,850 545,735 95.9% 568,850 WASTEWATER PROGRAM 2,550,377 2,109,626 935,543 36.7% 2,752,790 2,282 46,950 2,802,022 938,029 33.5% 2,804,070 TOTAL WASTEWATER FUND O&M 4,260,831 3,403,090 2,292,098 53.8% 4,697,470 2,282 176,950 4,876,702 2,206,817 45.3% 4,874,420 WASTEWATER CAPITAL IMPROVEMENT (501,927) - 1,390 0.0% 425,000 372,679 - 797,679 5,887 0.7% 797,680 TOTAL WASTEWATER FUND 3,758,904 3,403,090 2,293,488 61.0% 5,122,470 374,961 176,950 5,674,381 2,212,704 39.0% 5,672,100 TOTAL ENTERPRISE FUNDS 8,778,131 7,973,485 4,409,771 50.2% 11,654,900 562,646 439,400 12,656,946 4,716,250 37.3% 12,585,830 TOTAL EXPENDITURES 29,882,365 32,261,234 14,396,406 44.6% 43,693,032 11,419,135 967,380 56,079,547 16,364,130 29.2% 52,022,167 44 April 7, 2025 Item 12
City of Del Mar
Cash Flow Report
General Fund
Fiscal Year 2024-25
Budget Mid-Year
Adopted Update Proposed
FY 2025 FY 2025 FY 2025
(6/19/23) (6/17/24) (3/25/25) Difference
(A) (B) (C) (D=C-B)
Total Revenue 22,320,310 20,730,540 23,005,930 685,620
Total Expenditures 16,824,960 15,813,560 17,155,684 330,724 Transfers
RMRA Reimb (90,000) (100,860) (208,245) (107,385)
Gas Tax 731,110 772,680 787,745 15,065
Open Space 679,820 571,830 510,058 (61,772)
SLESF (100,000) (160,000) (194,000) (34,000)
Regional Comm 18,301 13,897 13,897 -
Housing Fund 25,888 (26,375) - 26,375
Clean Water (non-CIP) 131,060 150,470 126,772 (23,698)
PEG Fee Reimb (40,000) (20,000) (10,000) 10,000
Total Transfers 1,356,179 1,201,642 1,026,227 (175,415) City Hall Debt 904,290 904,290 904,290 -
Cash Flow (before CIP & SP) 2,656,511 $ 3,389,418 $ 3,919,729 $ 530,311 $ Transfer to CIP/Reserves
Open Space CIP 81,000 81,000 81,000 -
General Fund CIP 767,500 927,500 1,212,808 285,308
CIP Reserve Transfer 200,000 2,500,000 2,500,000 -

RTCIP - - - -
Clean Water CIP 365,000 365,000 416,500 51,500
Total CIP 1,413,500 3,873,500 4,210,308 336,808
Transfer to Special Projects 669,460 616,960 739,700 70,240 Cash Flow (after CIP & SP) 626,051 $ (1,153,542) $ (1,030,279) $ 123,263 $ Reserves
Contingency Reserves 4,804,462 4,837,122 5,683,024 845,902 Self-Insurance 350,003 300,000 300,000 -
Housing Reserve 1,700,000 1,650,000 1,650,000
Pension Reserves 4,120,000 4,760,000 4,781,894 21,894
Leave Liability 100,000 100,000 100,000 -
Equipment Replacement 1,054,800 678,460 657,342 (21,118) 12,325,582 12,129,265 13,172,260 846,678
Other Reserves
Capital Reserve 600,000 3,150,000 3,150,000 -
45 April 7, 2025 Item 12
City of Del Mar
Summary of Encumbrances and Continuing Appropriations
Fiscal Year 2023-24
Project Name Department Account Number Amounts
General Fund
Central Square Tech (PO52-00091) ASD 01.5400.3200 650
Central Square Tech (PO52-00091) PL 01.5530.3200 650
Central Square Tech (PO52-00091) PW Various Accounts 33 Sonsray Machinery (PO58-00763) PW 01.5840.2600 16,000
Custom Truck & Body (PO58-00780) PW 01.5890.5997 1,435
AVI Systems (PO52-00088) ASD 01.5890.5997 45,724
Air Compressor ASD 01.5730.2600 35,000
Wildland Hose Packs (PO 57-00126) Fire 01.5730.2600 732 Total Fund 100,224 $
Measure Q Fund
Utility Specialist (PO58-00543) PW 02.7000.7001 21,456
Undergrounding - General PW 02.7000.7001 32,307
Pavement Rehabilitation PW 02.7000.7009 45,500
Utility Specialist (PO58-00795) PW 02.7000.7202 425,228 Undergrounding 1A - Stratford Ct. South PW 02.7000.7202 2,675,290 Utility Specialist (PO58-00530) PW 02.7000.7203 284,909 Helix Env (PO58-00531) PW 02.7000.7203 33,007
Undergrounding X1A - Crest Cyn PW 02.7000.7203 1,498,136 West Coast Arborist (PO58-00729) PW 02.7000.7204 1,245
Utility Specialist (PO58-00530) PW 02.7000.7204 389,092 Undergrounding 1B -Stratford Ct. North PW 02.7000.7204 60,307 Utility Specialist (PO58-00530) PW 02.7000.7205 8,364
Undergrounding 3 - South Hill PW 02.7000.7206 87,784
Total Fund 5,562,625 $
Gas Tax Fund
Central Square Tech (PO52-00091) PW Various Accounts 65 Total Fund 65 $
Open Space Fund
Central Square Tech (PO52-00091) PW Various Accounts 59 $ Johnson Controls (PO56-00247) CS 21.5635.3200 4,169
Total Fund 4,228 $
Open Space CIP
Riverpath Del Mar PW 21.7000.7007 1,418,673 $ *
Landscape Enhancements PW 21.7000.7008 115,000
17th St Lifeguard Tower Improvements PW 21.7000.7042 13,423 20th St Lifeguard Driveway Improv PW 21.7000.7051 113,302 Total Fund 1,660,398 $
Attachment G
46 April 7, 2025 Item 12
General Fund CIP
Pavement Rehabilitation PW 40.7000.7009 212,080 $
Major Facility Repairs PW 40.7000.7010 44,973
CDM Bridge over San Dieguito PW 40.7000.7011 1,423,814 * Jimmy Durante Blvd Bluff Repairs PW 40.7000.7026 146,360 Major Arterial Bike Route Repairs PW 40.7000.7041 29,726 Hoska Ave Alley Assessment PW 40.7000.7047 435,075
San Dieguito Dr Development PW 40.7000.7048 7,347
Total Fund 2,299,375 $
TransNet CIP
Pavement Rehabilitation PW 44.7000.7009 431,000 $ *
Total Fund 431,000 $
Special Projects
NC/PC Zone Code Amendment PL 49.8000.8011 15,000 $
Fairgrounds Housing Agreement PL 49.8000.8013 350,571
Update Community Plan Safety Element PL 49.8000.8018 43,500 Environmental Justice Element PL 49.8000.8019 5,000
Affordable Housing Incentives PL 49.8000.8020 79,000
SB35 Streamlining Procedures PL 49.8000.8021 1,500
Objective Design Standards PL 49.8000.8022 16,092
ADU Facilitation Measures PL 49.8000.8026 22,724
Housing State Law Alignment #2 PL 49.8000.8027 5,000
6th Cycle Zoning Programs PL 49.8000.8028 27,127
HAP Grant Expenditures PL 49.8000.8029 17,060
TSVS Updates PL 49.8000.8030 120,000
Update Public Tree Policy PL 49.8000.8031 26,000
Shoreline/Living Levee PL 49.8000.8032 70,000
Total Fund 798,574 $
Water Fund
Central Square Tech (PO52-00091) PW 51.5840.3200 228 $
Custom Truck Body (PO58-00780) PW 51.5840.5500 2,054
Infrastructure Improvements PW 51.7000.7017 60,432
Valve Replacements PW 51.7000.7037 58,785
$ 121,499
Clean Water Fund
Central Square Tech (PO52-00091) PW 55.5840.3200 39 $
Custom Truck Body (PO58-00780) PW 55.5840.5500 325
Storm Drain Impvoements PW 55.7000.7032 65,822
$ 66,186
Wastewater Fund
Central Square Tech (PO52-00091) PW 57.5840.3200 228 $
Custom Truck Body (PO58-00780) PW 57.5840.5500 2,054
Infrastructure Improvements PW 57.7000.7024 372,679
` 374,961 $
Total Encumbrances 11,419,135 $
* Offset with Federal, State, and Local funds which will be reflected in the Revenue Summary Report. 47 April 7, 2025 Item 12
Par Value (1) Market Value (2) Book Value (3)
Cash & Investments Held by City
Investment Portfolio
Managed Investments
U.S. Bank Safekeeping Cash Account 94,651 $ 94,651 $ 94,651 $ 0.24% U.S. Treasury Bill/ Note 18,543,000 18,253,650 18,185,983 46.36%Federal Agency Bond 200,000 195,337 200,000 0.51% Certificate of Deposit 4,858,000 4,778,505 4,858,000 12.38% Managed Investments Subtotal $ 23,322,143 23,695,651 $ 23,338,634 $ 59.50% Pooled Investments
State of CA Local Agency Investment Fund 12,422,283 $ 12,422,283 $ 12,422,283 $ 31.67% County Investment Pool 3,005,107 3,005,107 3,005,107 7.66% Pooled Investments Subtotal $ 15,427,390 15,427,390 $ 15,427,390 $ 39.33% Investment Portfolio Subtotal $ 38,749,534 39,123,041 $ 38,766,024 $ 98.83% Cash/Time Deposits $ 460,894 460,894 $ 460,894 $ 1.17%
Funds Available for Investment $ 39,210,428 39,583,935 $ 39,226,918 $ 100.00% Accrued Interest $ 13,739 13,739 $ 13,739 $
Total Cash & Investments Held by City 39,597,674 $ 39,224,166 $ 39,240,657 $ Notes:1. Par value is the principal amount of the investment on maturity. 2. Market values contained herein are received from sources we believe are reliable; however, we do not guarantee their accuracy.3. Book value is par value of the security plus or minus any premium or discount on the security.

City of Del Mar
Summary of Cash and Investments for the Quarter Ended December 31, 2024 Portfolio Assets % of Portfolio
Attachment H
48 April 7, 2025 Item 12
*Note: Cash/time deposits not included in WYTM
Excludes Pooled Investments and U.S. Bank Custodial Cash Account Under 1 Year
Maturity Dec 2024 Sep-24 Change 1 - 2 Years
3-Month 4.37% 4.73% -0.36% 2 - 3 Years
1-Year 4.16% 3.98% 0.18% 3 - 4 Years2-Year 4.25% 3.66% 0.59% 4 - 5 Years3-Year 4.27% 3.58% 0.69% Total5-Year 4.38% 3.58% 0.80% 10-Year 4.58% 3.81% 0.77%
OctNov
Dec 2024 Dec 2023 Dec 2022 Dec 2021 Dec

4.25% 4.23% 4.41% 0.73% Total for Quarter
Note: Interest Earnings figures do not include capital gains or losses City of Del Mar
Investment Report for the Quarter Ended December 31, 2024 Investment Portfolio Summary and Key Statistics
Portfolio Key Statistics
PAR Value 39,123,041 $
U.S. Treasury Yields - Quarterly Comparison $ 84% 19,892,000 Book Value (COST) 38,766,024 $ Market Value 38,749,534 $ Weighted Average Maturity (in years) 0.65 Weighted Yield to Maturity* 3.97%
Portfolio Maturity PAR Maturing % Maturing
$ 10% 2,275,000$ 5% 1,234,000$ 1% 200,000
2-Year U.S. Treasury Yield - Historical Data $ 120,951 120,951 $ $ 0% -
$ 100% 23,601,000
Interest Earnings FY 23-24 FY 24-25 Change
$ 370,525 - $ 370,525 $
$ 134,554 134,554 $
$ 115,020 115,020 $

46.55%

31.68%

12.19%

7.66%1.18%

0.50%

0.24% U.S. TREASURY BILL/NOTE 46.55%
STATE OF CA LOCAL AGENCY INVESTMENT FUND31.68%CERTIFICATE OF DEPOSIT 12.19%COUNTY INVESTMENT POOL 7.66%CASH/TIME DEPOSITS 1.18%FEDERAL AGENCY BOND 0.50%U.S. BANK SAFEKEEPING CASH ACCOUNT 0.24% 0%
20%40%60%80%
100%
Under 1
Year
1 - 2 Years 2 - 3 Years 3 - 4 Years 4 - 5 Years
84%
10% 5% 1% 0%
Portfolio Maturity Distribution
49 April 7, 2025 Item 12
Annualized
PRINCIPAL NOMINAL Rate of Portfolio Weighted MATURITY
CUSIP AMOUNT COUPON Return Weighting Coupon DATE
Cross River Bank NJ 227563CJ0 240,000.00 4.85000 4.85000 4.94% 0.23960478 5/19/2025 Capital One 14042RRL7 245,000.00 3.10000 3.10000 5.04% 0.15634006 5/25/2025 Chartway FCU 16141BAK7 200,000.00 5.25000 5.25000 4.12% 0.21613833 8/1/2025 BMW Bank North America 05580AXF6 249,000.00 0.50000 0.50000 5.13% 0.02562783 9/25/2025 Texas Exchange Bank Crowley 88241TJN1 225,000.00 0.60000 0.60000 4.63% 0.02778921 11/25/2025 Trustone Financial Credit Union 89841MBZ9 240,000.00 4.40000 4.40000 4.94% 0.21737340 12/12/2025 BMO Harris Bank NA 05600XBY5 200,000.00 0.55000 0.55000 4.12% 0.02264306 2/18/2026 Bank United NA 066519QV4 200,000.00 0.95000 0.95000 4.12% 0.03911075 4/14/2026 UBS Bank USA 90348JP61 248,000.00 0.90000 0.90000 5.10% 0.04594483 7/8/2026 Synchrony Bank Draper 87165FA38 200,000.00 0.95000 0.95000 4.12% 0.03911075 9/17/2026 Hapo Community Credit Union 41138NAD0 240,000.00 5.40000 5.40000 4.94% 0.26677645 9/29/2026 State Bank of India New York 856285YH8 248,000.00 1.15000 1.15000 5.10% 0.05870729 10/29/2026 Austin Felco Fed Credit Union 052392EA1 249,000.00 4.30000 4.30000 5.13% 0.22039934 12/14/2026 Greenstate Cr Un Liberty 39573LCE6 248,000.00 1.35000 1.35000 5.10% 0.06891725 1/14/2027 American Express National Bank 02589ABQ4 247,000.00 2.00000 2.00000 5.08% 0.10168794 3/9/2027 Capital One Bank (USA) NA 14042TFJ1 245,000.00 2.70000 2.70000 5.04% 0.13616715 4/13/2027 Discover Bank 254673G83 246,000.00 3.15000 3.15000 5.06% 0.15951009 6/14/2027 Preferred Bank LA CA 740367QF7 248,000.00 4.00000 4.00000 5.10% 0.20419926 9/30/2027 Liberty First Credit Union 530520AK1 200,000.00 4.70000 4.70000 4.12% 0.19349527 8/7/2028 Bank of America NA 06051XDT6 200,000.00 5.00000 5.00000 4.12% 0.20584603 5/22/2026 Goldman Sachs Bank 38150VUZ0 240,000.00 5.05000 5.05000 4.94% 0.24948538 6/11/2026 $ 4,858,000.00 2.89762 2.89762 100.00% 2.89487443
Annualized
PRINCIPAL NOMINAL Rate of Portfolio Weighted MATURITY
CUSIP AMOUNT COUPON Return Weighting Coupon DATE
U.S. Treasury Bill 912797LR6 $ 2,375,000 0.00000 0.00000 12.81% 0.00000000 01/02/2025 U.S. Treasury Bill 912797LY1 $ 2,253,000 0.00000 0.00000 12.15% 0.00000000 01/16/2025 U.S. Treasury Bill 912797KJ5 $ 4,400,000 0.00000 0.00000 23.73% 0.00000000 03/20/2025 U.S. Treasury Bill 912797MV6 $ 1,020,000 0.00000 0.00000 5.50% 0.00000000 04/03/2025 U.S. Treasury Bill 912797NV5 $ 4,085,000 0.00000 0.00000 22.03% 0.00000000 06/20/2025 U.S. Treasury Bill 912797NL7 $ 4,160,000 0.00000 0.00000 22.43% 0.00000000 11/28/2025 U.S. Treasury Bill 91282CLY5 $ 250,000 4.25000 4.25000 1.35% 0.05729925 11/30/2026 $ 18,543,000.00 0.60714 0.60714 100.00% 0.05729925
Federal Home Loan Mtg Corp 3134GWPT7 200,000.00 0.60000 0.60000 100.00% 0.60000000 8/19/2025 $ 200,000.00 0.60000 0.30000 100.00% 0.60000000

GOVERNMENT AGENCIES
As of December 31, 2024

CITY OF DEL MAR
CERTIFICATE OF DEPOSITS (with U.S. BANK)
As of December 31, 2024

UNITED STATES TREASURY BILLS
As of December 31, 2024
50 April 7, 2025 Item 12