Folsom City Council
March 11, 2025

1 Agenda
City Council Regular Meeting and Joint City Council/
Folsom Redevelopment Successor Agency/ Folsom
Public Financing Authority/ Folsom Ranch Financing
Authority/ South of 50 Parking Authority Meeting
Folsom City Hall | City Council Chambers, First Floor
50 Natoma Street, Folsom, CA 95630
March 11, 2025, 6:30 PM
Welcome to Your City Council Meeting
We welcome your interest and involvement in the city’s legislative process. This agenda includes information about topics coming before the City Council and the action recommended by city staff. You can read about each topic in the staff reports, which are available on the city website and in the Office of the City Clerk. The City Clerk is also available to answer any questions you have about City Council meeting procedures.

Participation
If you would like to provide comments to the City Council, please:
 Fill out a blue speaker request form, located at the back table.  Submit the form to the City Clerk before the item begins.  When it’s your turn, the City Clerk will call your name and invite you to the podium.  Speakers generally have three minutes, unless the presiding officer (usually the mayor) changes that time.

Reasonable Accommodations
In compliance with the Americans with Disabilities Act, if you are a person with a disability and you need a disability-related modification or accommodation to participate in this meeting, please contact the City Clerk’s Office at (916) 461-6035, (916) 355-7328 (fax) or [email protected]. Requests must be made as early as possible and at least two full business days before the start of the meeting.

How to Watch
The City of Folsom provides three ways to watch a City Council meeting:

In Person Online On TV

City Council meetings take place at
City Hall, 50 Natoma Street
Watch the livestream and replay past
meetings on the city website,
www.folsom.ca.us
Watch live and replays of meetings on
Sac Metro Cable TV, Channel 14

More information about City Council meetings is available at the end of this agenda

2 City Council Regular Meeting
and
Joint City Council/ Folsom Redevelopment Successor Agency/ Folsom Public Financing Authority/
Folsom Ranch Financing Authority/ South of 50 Parking Authority Meeting

Folsom City Hall | City Council Chambers, First Floor
50 Natoma Street, Folsom, CA 95630
www.folsom.ca.us
Tuesday, March 11, 2025 6:30 PM

Sarah Aquino, Mayor

Mike Kozlowski, Councilmember Barbara Leary, Councilmember Justin Raithel, Vice Mayor Anna Rohrbough, Councilmember

AGENDA

CALL TO ORDER
ROLL CALL:

Councilmembers: Kozlowski, Leary, Raithel, Rohrbough, Aquino The City Council has adopted a policy that no new item will begin after 10:30 p.m. Therefore, if you are here for an item that has not been heard by 10:30 p.m., you may leave, as the item will be continued to a future Council meeting.

PLEDGE OF ALLEGIANCE

AGENDA UPDATE
BUSINESS FROM THE FLOOR:

Members of the public are entitled to address the City Council concerning any item within the Folsom City Council's subject matter jurisdiction. Public comments are generally limited to no more than three minutes. Except for certain specific exceptions, the City Council is prohibited from discussing or taking action on any item not appearing on the posted agenda.

3 SCHEDULED PRESENTATIONS:

1. Resolution of Commendation Honoring Vista Jr. Eagles Comp Cheer Squad

2. Presentation of the Benefits of Youth Sports

3. City Manager’s Fiscal Year 2024-25 Second Quarter Financial Report CONSENT CALENDAR:

Items appearing on the Consent Calendar are considered routine and may be approved by one motion.

Councilmembers may pull an item for discussion.

4. Receive and File the City of Folsom Annual Comprehensive Financial Report for the Year Ended June 30, 2024

5. Resolution No. 11333 - A Resolution Acknowledging Receipt of Completed Annual State Mandated Fire Inspections

6. Resolution No. 11334- A Resolution Authorizing the City Manager to Execute Amendment No. 1 to the Agreement (Contract No. 173-21 21-067) with Bennett Engineering Services, Inc. for Design Services for the Basin 4 Phase 1 Sewer Project (WW2201)

7. Resolution No. 11335 – A Resolution Directing the Finance Director to Make a Transfer from the General Fund to the Capital Projects Fund for the Amount in Excess of the General Fund Reserve

8. Resolution No. 11336 - A Resolution Authorizing the City Manager to Execute a Memorandum of Understanding with the County of Sacramento for Commercial and Industrial Stormwater Inspections and Enforcement Within Folsom to Comply with the City’s National Pollutant Discharge Elimination System (NPDES) Permit

9. Resolution No. 11337- A Resolution Authorizing Staff to Submit Grant Extension and Budget Increase Request to the Federal Emergency Management Agency’s Hazard Mitigation Grant Program and California Office of Emergency Services for the City of Folsom Defensible Space and Vegetation Management Plan

10. Resolution No. 11338- A Resolution Authorizing the City Manager to Execute a Contract Amendment with Dewberry Engineers, Inc. (Formerly Drake Haglan & Associates) to Complete the Project Authorization and Environmental Documentation for the US-50/Empire Ranch Road Interchange (Project No. PW1804) and Appropriation of Funds

CONVENE JOINT MEETING
ROLL CALL: Council / Boardmembers: Kozlowski, Leary, Raithel, Rohrbough, Aquino CONSENT CALENDAR:

11. Receive and File the City of Folsom, the Folsom Redevelopment Successor Agency, the Folsom Public Financing Authority, the Folsom Ranch Financing Authority, and the South of 50 Parking Authority Monthly Investment Reports for the Month of December 2024

ADJOURNMENT

RECONVENE CITY COUNCIL MEETING

CITY MANAGER REPORTS

COUNCIL COMMENTS

ADJOURNMENT

4 NOTICE: Members of the public are entitled to directly address the City Council concerning any item that is described in the notice of this meeting, before or during consideration of that item. If you wish to address Council on an issue, which is on this agenda, please complete a blue speaker request card, and deliver it to a staff member at the table on the left side of the Council Chambers prior to discussion of the item. When your name is called, stand to be recognized by the Mayor and then proceed to the podium. If you wish to address the City Council on any other item of interest to the public, when the Mayor asks if there is any “Business from the Floor,” follow the same procedure described above. Please limit your comments to three minutes or less.

NOTICE REGARDING CHALLENGES TO DECISIONS: Pursuant to all applicable laws and regulations, including without limitation, California Government Code Section 65009 and or California Public Resources Code Section 21177, if you wish to challenge in court any of the abov e decisions (regarding planning, zoning and/or environmental decisions), you may be limited to raising only those issues you or someone else raised at the public hearing(s) described in this notice/agenda, or in written correspondence delivered to the City at, or prior to, the public hearing.

As presiding officer, the Mayor has the authority to preserve order at all City Council meetings, to remove or cause the removal of any person from any such meeting for disorderly conduct, or for making personal, impertinent, or slanderous remarks, using profanity, or becoming boisterous, threatening or personally abusive while addressing said Council, and to enforce the rules of the Council.

PERSONS INTERESTED IN PROPOSING AN ITEM FOR THE CITY COUNCIL AGENDA SHOULD CONTACT A MEMBER OF THE CITY COUNCIL.

This meeting of the City Council is recorded with closed captioning. The recording will be cablecast on Metro Cable Channel 14, the local government affairs channel on the Comcast and DirecTV U -Verse cable system, and will be shown in its entirety on the Friday and Saturday following the meeting, both at 9 a.m. The recording will also be video streamed at metro14live.saccounty.gov.The City does not control scheduling of this telecast and persons interested in watching the televised meeting should confirm this schedule with Metro Cable TV, Channel 14. The City of Folsom provides live and archived webcasts of regular City Council meetings. The webcasts can be found on the online services page of the City's website www.folsom.ca.us.

In compliance with the Americans with Disabilities Act, if you are a person with a disability and you need a disability-related modification or accommodation to participate in this meeting, please contact the City Clerk’s Office at (916) 461-6035, (916) 355-7328 (fax) or [email protected]. Requests must be made as early as possible and at least two full business days before the start of the meeting.

Any documents produced by the City and distributed to the City Council regarding any item on this agenda will be made available at the City Clerk’s Counter at City Hall located at 50 Natoma Street, Folsom, California and at the Folsom Public Library located at 411 Stafford Street, Folsom, California during normal business hours.

City of Folsom
Resolution of Commendation
Honoring
Vista Jr. Eagles Comp Cheer Squad
WHEREAS, the Vista Jr. Eagles Comp Cheer Squad is part of the youth football and cheer organizalion in Folsom; and
WHEREAS, members of the Vista Jr. Eagles Comp Cheer Squad earned first place in Division 15- Level 2 JamzNational Championship in Las Vegas; and WHEREAS, the team was the grand champion for all 42teams in Division 15, receiving the highest overall score; and
WHEREAS, their hard work, dedication and performance merits recognition from the City of Folsom.

NOW, THEREFORE' I, Sarah Aquino, Mayor of the City of Folsom, on behalf of the Folsom City Council and the Folsom community, do hereby extend commendations in the highest regard to the members of the Vista Jr. Eagles Comp Cheer Squad and encourage their continued success in the future.

COMMENDED this 1lth day of March 2025.

Sarah Aquino, MAYOR

03/11/2025 Item No.1.

This poge is intentionallA left blank
to facilitate double- sided printing
ond minimize poPer LLSa.

CITY OF
DISTINCTIVE B.Y NATURE
FOLSOh{

03/11/2025 Item No.1.
i, l:r I !j
i, },t! l1'l .

Folsom City Council
Staff Re rt

BACKGROUND / ISSUE
The Parks and Recreation Department will provide a brief overview of the Benefit of Youth Sports that staff are responsible for planning and facilitating in the City of Folsom.

The presentation will be delivered by Derik Perez, Recreation Supervisor.

RECOMMENDATION / COIINCII, ACTION
No action is requested of the City Council at this time.

Submitted,
Kelly Gonzalez, Parks & Recreation Director
MEETING DATE: 3llu202s
AGENDA SECTION: Scheduled Presentatrons
SUBJECT: Presentation of the Benefits of Youth Sports
F'ROM: Parks and Recreation Department
1

03/11/2025 Item No.2.

This page is intentionallA W blCInk
to facilitate double- side d printing
and minimize PaPer trse.

CITY OF
DISTINCTTVE B.Y NATURE
F()LSOl\{

03/11/2025 Item No.2.
h
Folsom City Council
Staff ort
MEETING DATE: 3lTll202s
AGENDA SECTION: Scheduled Presentattons
SUBJECT: City Manager's Fiscal Year 2024-25 Second Quarter Financial Report
FROM: Finance Department
ATION / COI]NCIL CTION
It is recommended that the City Council receive a presentation from the Finance Director for the City Manager's Fiscal Year 2024-25 Second Quarter Financial Report.

POLICY / RULE
Section 5.05R of the Charter of the City of Folsom requires the City Manager submit to the City Council a financial and management report showing the relationship between budgeted and actual revenues, and expenditures and encumbrances on a quarterly basis.

Section 3.02.050 (b) of the Folsom Municipal Code states ".... within 30 days after the end of each quarter during the fiscal year, and more often if required by the City Council, the City Manager shall submit to the City Council a financial and management report." ATTACHMENT:

1. Second Quarter Financial Report Fiscal Yeat 2024-25
Submitted,
\,*r"-
Stacey Tamagni
Finance Director/CFO
1

03/11/2025 Item No.3.

F (Dr-s(['e,f,

CITY OF
DI gTINCTIVE 6Y t.IATURE
City of Folsom
Quarterly Financial Report
Fiscal Year 2024-25 Second Quarter
March ILr2025
Prepared by the Office of Management and Budget
Financial Analysis and Reporting Division

03/11/2025 Item No.3.

Table of Contents
Section
Introduction...................

Executive Summary......

Financial Results
a) General Fund.....
b) Enterprise Funds
c) Other Funds......

City Housing Fund
Risk Management .......

Lighting and Landscape Districts ..........

Plan Area Impact Fees.....

Appendix
Combined General Fund Revenue & Expenditure Statement........ 8 9General Fund Departmental Expenditure Summary
Page No
I
1 2
5 6
6 6
7 7
Housing Fund Revenue & Expenditure Statement
Water Fund Revenue & Expense Statement..

Wastewater Fund Revenue & Expense Statement
Solid Waste Fund Revenue & Expense Statement
......1 I
......12
10 T3

03/11/2025 Item No.3.

Second Qu arter Financial Report
Fiscal Year 2024-25 lF olLsCII$4I
Introduction
This financial report provides an overview ofthe City's unaudited financial position through the second quarter offiscal year (FY) 2024-25 (July 1, 2024, through December 31,2024) for (l) the General Fund, (2) Housing Special Revenue Fund and L&L Districts, (3) the major enterprise operating funds, and (4) the Risk Management Internal Service Fund.

Notable cumulative second quarter to second quafier and budget to actual comparisons are included in this report in addition to year-end projections.

Executive Summary
The City's General Fundunassigned fund balance atthe end of FY 2023-24was$24.94 million, or2l.67YoofFY 2023- 24 expenditures. As of the second quarter of FY 2024-25, projected year-end General Fund revenues are $121.13 million and pro.jected expenditures are $129.12 million. The difference between revenues and expenditures is primarily due to the following factors:
. Carryover ofUnspent Expenses from FY 2023-24: Certain expenses approved and encumbered in FY 2023- 24,buInot expended by year-end, have been carried over to the FY 2024-25 budget. These unspent, approved expenditures are repofted as assigned fund balance inFY 2023-24 and will be utilized in the current fiscal year.
. Use of Fund Balance: City Council approved the use of $ L7 million from the General Fund's reserve fund balance for budgeted expenditures for FY 2024-25.
. Transfer to Capital Projects Fund: A transfer of $7,920,295 frorn the General Fund to the Capital Projects Fund is projected to address amounts in excess of the General Fund Reserve, in accordance with the Undesignated Fund Balances (Reserves) General Fund Reserve Policy, as amended on December 72,2023.

These adjustments account for the projected increase in expenditures over the originally approved budget. With this activity it is projected that the unassigned fund balance will be 522.16 milliori by the end of the fiscal year. The unassigned fund balance as a percentage of expenditures is projected to end the fiscal year at 11.16%. Below is a chart ofthe unassigned fund balance over the last ten years and displays the projected change from FY 2023-24toFY 2024-

25.

03/11/2025 Item No.3.

Unassigned General Fund Balance
$30,000,000
$28,000,000
$26,000,000
$24,000,000
$22,000,000
$20,000,000
$ I 8,000,000
$ r 6,000,000
$14,000,000
$ 12,000,000
$r0,000,000
$8,000,000
$6,000,000
$4,000,000
$2,000,000
$-

30.00%

25.00%

20.00o/o

15.00%

10.00%

5.00%

0.00%
FY16
Actual
FY17
Actual
FY18
Actual
FY19
Actual
FY2O
Actual
FY21
Actual
FY22
Actual
FY23
Actual
FY24
Actual
FY25
Projected
s22,961,939
21,360h

14.73o/o
$10,950,323
s24,941,979

21.670
s23,260,484
23,690/o
$19,200,703
n
$13,776,114

14.44Vo
$17,397,043

20.09o/o$1s,699,I23

18.44%
$15,529,576

19.90o/"
$22,157,145
l7.160/o
General Fund: Operating Revenues
The following table includes cumulative reyenue comparisons through the second quarter of FY 2023-24 andFY 2024- 25 and a revenue budget comparison for FY 2024-25 with year-end projections.

General Fund operating revenues through the second quarter are $42.46 million, which is l.99Yo more than the same period inFY 2023-24. Revenues are 35.83% of the budget through the second quarter of the current year, primarily due to the timing associated with receiving some of the larger revenue sources. For instance, property tax is the largest General Fund revenue source, but funding is received in two unequal installments, of which one has been received. The second installment will be received during the fourth quarter of the fiscal year.

The following is an explanation of the notable variances:
. Property tax revenues exceeded last year's cumulative second quarter by l0 .24% or $ 1 .69 million. A comparison of home sales during the second quarter of FY 2024-25 and FY 2023-24 shows the average median sales price decreased $23,000 from $747,000. Property tax revenue for FY 2024-25 year-end is projected to meet the budgeted amount of 544.66 million, an increase over the prior year of $3.61 million or 8.80%. . Sales tax revenues were less than last year's second quarter by 9.25% or $835,000. The most recent sales tax data shows a decrease over the same period compared to the prior year. Reduced spending on taxable goods is the biggest factor in the decreased sales tax over the same quarter last fiscal year. Based on the latest sales tax forecast, sales tax is trending to end the year below the budgeted amount of $29.08 million but projected to finish with an increase from the prior year of $611,000. Below is a graph showing sales tax revenue for the current fiscal year and the past five fiscal years.
2 Property Tax
Sales Tax
Trans ient Occr,rpancy Tax
Charges for Services
License, Permits & IntergoVt
Transfers In
All Other
FY23-24 Aetaal
Dec. 31,2023
s 16,s52,427
9,027,902
473,705
7,780,144
3,422,367
2,949,107
FY24-25 Actual
Dee.31,2024
$ 18,246,89',7
8,193,204
3 85,570
7,866,906
3,676,360
2,742,763
FY24-25
Budget
$ 44,658,430
29,075,767
2,500,000
13,840,847
1s,666,534
6,732,155
FY24-2s
Projecfed
$ 44,658,430
28,246,927
2,500,000
15,743,612
16,688,637
6,732,r5s
Yn of
Budget
100%
97%
100%
114%
107%
l00Yo
708o/o3183 5
Over/Under
Budgot
$-
(828,840)
1,902,765
1,022,103

03/11/2025 Item No.3.
35,000,000
30,000$00
25,000,000
20,000,000
15,000,000
10,000,000
5,ooo,ooo
Sales Tax
$27 .g1A3ig $28, 102.379 g 27 .636.132
$29.075. 76'l
s28.246.927
$25.846.985
s22.6t6.404
Actual
FY20
Actual
Fl'21
Actual
Fl'22
Actual
FY23
Actual
FY24
Budget
rl'2s
Projectiou
FY25
. Transient Occupancy Tax (TOT) collections are at $386,000 through the second quarter and are projected to end the fiscal year at the budgeted amount of $2.50 million' . Charges for services, including building and engineering fees, Parks and Recreation user fees, and ambulance fees are at$7.87 rnillior-r through the second quarter and are projected to end the fiscal year at $15.74 rnillion' The current projection is $1.90 million more than the FY 2024-25 budget amount of $13.84 rnillion. The projected increase over budget is prirnarily attributed to $350,000 anticipated additional Parks and Recreation ieei and projected increases in Ambulance fees and OES reimbursements for $559,000, and $520,000 respectively.
. License and permit fees and intergovernmental revenue increased $254,000 compared to the same quafter in the prior fiscal year and are projected to end the fiscal year at $16.69 million including $497,000 of ARPA funds. $660,000 is related to state grants that were received and spent but not included in the original budget.

General Fund: Department Operating Expenditures
The following table includes cumulative second quarter actual expenditure comparisons for FY 2023-24 andFY 2024- 25 and an expenditure budget-to-actual comparison for FY 2024-25.

Salaries
Benefits
o&M
Capital Outlay
Debt Service
Sutrtotal Expenditures
Tiansfer Excess Reserve
Total
FY 23-24 Actual
Dec.31,2023
$ 23,046,818
14,561,273
t4,437,440
1,545,7 56
130.347
$ 53,721,634
FY24-25 Actual
Dec.31,2024
$ 25,213,038
15,357,485
15,364,616
2,253,831
FY24-25
Budget
$ 50,510,363
33,438,67 s
32,26t,080
7 ,295,969
501,792
FY 24-25
Projected
$ 51,244,151
32,289,133
35,914,825
7,195,970
Over/Under
Budget
$ 733,788
(t,149,s42)
3,653,145
(99,99e)
o/o of
Budget
101.50h

96.6Yo
ltl.3%

98.6%
100.0%
102.50
501 792
$ 58,188,970
1,970,295
s 124,007,879 s 127 ,14s,871
1,970,295
$ 3,137,992
t,97 0,295
53 721 159 $ t29 I 7 104.1
J

03/11/2025 Item No.3.

Curnulative General Fund expenditures for the second quarter of FY 2024-25 have increased by 11.98% compared to the same period last year, totaling 4851% of the annual budget. The year-end projection for expenditures is Sl29.l2 million, which exceeds the budgeted amount by $5.11 million, or 104.12Yo of the original budget.

However, excluding the transfer of excess General Fund reserves, which was not part of the adopted budget, the projected year-end expendituie would be $ 127.15 million-$3.l4 million more than the budgeted amount, or l02.5Yo of the budget' The projected increase in expenditures is primarily driven by rising costs in services and supplies, including higher utility "*p"nr"r, supply costs, emergency repairs or equipment replacements, and increased contracted service costs.

The table below shows a comparison for FY 2023-24 and FY 2024-25 for each General Fund Department.

The following is an explanation of the department specific variances of year-end projections as compared to the budget:
. police Department is projected to end the year over budget by $958,000. The amounts over budget are mostly due to increased salary costs and due to increases in categories sttch as vehicle maintenance, petroleum products, utilities, contracts, and replacement of equipment and vehicles. . Fire Department is projected to end the year over budget by $889,000 due to increased overtime costs. . Community Development Depafiment is projected to end the fiscal year $595,000 over the budgeted amount, which is mostly due to increases in contract costs that are partially offset by increased revenues' . parks and Recreation Department based on activity through the first half of the year, is projected to end the hscal year $912,000 over the budgeted amount. The amounts over budget are mostly due to increases in categoi.ies such as utility costs, printing costs, credit cards service fees, supply costs, instructors, and maintenance of equipment, buildings, and vehicles. This increase is spread across most of the Parks and Recreation divisions and is partially offset by increased program revenues mentioned in the revenue section above.
4 General Governmetrt
Police
Fire
Community Development
Parks & Recreation
Library
Public Works
Non-Departmental
Operating Tiansfers Out
FY23-24 Actual
Dec.31,2023
s s,280,278
13,957,727
13,716,636
4,187,143
8,93 1,081
I ,0 14,48 1
4,233,136
2,401,152
FY 24-25 Actual
Dec.31,2024
$ s,623,7 s9
15,029,370
t6,372,239
3,646,627
9,698,440
991,534
3,933,689
2,893,311
FY24-25
Budget
11,117,681
29,883,254
32,672,825
7 ,68s,7 40
21,556,897
2,220,694
9,443,563
9,377,225
50,000
FY24-25
Projected
$ I 1,13 8,485
30,841,726
33,s61,348
8,280,517
22,469,247
2,257,473
9,082,849
9,514,225
I,970,295
Over/Under
Budget
$ 20,804
958,473
888,522
594,777
912,351
36,779
(360,714)
137,000
'h of
Budget
103.2%
102.7%
t07.7%
t04.2%
10t.7%

96.20 t01.5%
3940.6%
104.1
$
1,970.295 920.2951,
$53 60 1591 I 879 $ 129 ll6 166 10 7

03/11/2025 Item No.3.

Enterprise Funds:

Water Fund
The Water Fund is reported on a combined basis and includes the following funds: Water Impact, Water Operating, Water Capital, and Water Meters.

The table below includes cumulative second quafter actual revenue and expense comparisons for FY 2023'24 and FY 2024-25 and a budget to actual comparison for FY 2024-25 for the Water Operating Fund.

The Water Fund is projected to end the year with program reverlues of $21.19 rnillion. Total operating expenses, including transfers out are projected to end the year at $ 17.89 million, or 91.94oh of the budget. Total expenditures for capital projects are estimated to be $3.77 million at year-end. The fund will end the year with projected working capital of $30.71 million.

Wastewater Fund
The Wastewater Fund is reported on a combined basis and includes the Wastewater and Wastewater Capital Funds.

FY 23-24 Actual
Dec.31,2023
FY 24-25 Actual
Dee.31,2024
1,826,244
I,278,337
3,481,436
524,7 52

6.s70
FY24-25
Budget
3,982,506
2,786,665
9,496,566
1,349,503
1,842,428
$ 19,457 ,668
FY24-25
Projected
Over/Under
Budget
ohof
Budget
ProgramRevenues $ 10,598,432 S 10,237,171 $ 19,186,000 $ 21,191,000 $ 2,005'000 1105% Salaries
Benefits
Operating Expenses
Tiansfers Out
Debt Service
Capital Expenses
Worki tal
$ 6,37 5,148
$ 697,210
1,719,584
1,2t3,802
2,967,244
47 | ,518
3,000
3,817,497
2,671,670
8,208,566
1,349,503
1,842,428
(165,009)
(t t4,995)
( 1,288,000)
9590h

95.9%;o

86.4Yo
100.0%
100.0%

97.94o/o

38.730
$ 7,1 17,339 $ 17,889,664
$ 1,475,376 s 9,743,975 S 3,773,975
$ 3l 181 08 30 708
$ (1,568,004)
$ (5,970,000)
FY 23-24 Actual
Dec.31,2023
FY24-25 Actual
Dec.31,2024
FY24-25
Budget
FY24-25
Projected
Over/Under
Budget
oh of
Budget
Program Revenues S 7.019,246 $ 7,186,606 $ 12,116,435 $ 12,166,435 $ 50,000 100-4lo/o Salaries
Benefits
Operating Eryenses
Transfers Out
Debt Service
917,539
667,994
538,358
353,721
1,010,742
749,898
635,078
410,320
2,308,1 1 l
1,708,023
2,527,210
820,639
2,164,798
1,603,909
2,107,210
820,639
(143,3 13)
(104,1 14)
(420,000)

93.79%

93.90%

83.38%
100
$
$
2,477,672 $ 2,806,038
s 1,907,851
$
$
7,363,983 $
$
$
6,696,556
6,629,008
s (667,427)
(s28,649)

90.94%
$
1 Capital Eryenses 3,828,001 7,757,657
73 92.61%
5

03/11/2025 Item No.3.

The Wastewater Fund is projected to end the year with program revenues of $12.17 rnillion. Total operating expenses, including transfers out, are projected to end the year at $6.70 million, or 90.94o/o of the budget. Total expenditures for capital piojects are estimated to be $6.63 million at year-end. The fund will end the year with projected working capital of $20.17 rnillion.

Solid Waste Fund
The Solid Waste Fund is reported on a combined basis and includes the Solid Waste Operating, Solid Waste Capital, and Solid Waste Plan Area Capital.

The Solid Waste Fund is projected to end the yeal with program revenues of $28.38 million. Total operating expenses, including transfers out, are projected to end the year at$20.97 million, or 100% of the budget. Total expenditures for capital outluy costs are estimated to be $6.16 million at year-end. The fund will end the year with projected working capital of $21 .46 rnilliorr.

Other Funds
City Housing Fund
The City Housing Fund as of December 31,2024 had a cash balance of 514.44 million. The City Council has previously upp.ou.d housing project loans with the most recent being for $2.7 million for the Harrington Grove Affordable Housing project.

Risk Management Internal Service Fund
The Risk Management Fund captures the activity associated with employee and retiree health, dental and vision insurance, workers' compensation, and liability insurance expense.

As of December 31, 2024,the City has paid $4.02 rnillion for health, vision, and dental insurance for active employees and$2.29 million for retired employees and $1.47 million for workers' compensation. Liability insurance payments were $3.8 million. The total expenditures for FY 2024-25 are projected at$,22.85 million, which is an increase from the prior fiscal year of $L20 million which is mostly seen in contracts, workers compensation, and liability costs.

The projected ending unrestricted net position is $3.93 million, a $420,000 increase from FY 2023-24. 6 FY 23-24 Actual
Dec.3L,2023
FY 24-25 Actual
Dec.31,2024
Fv 24-25
Budget
FY 24-25
Projected
Over/Under
Budget
oh of
Budget
ProgramRevenues $ 15,343,189 S 16,791,952 $ 27,432,000 $ 28,382,000 $ 950,000 103'5% Salaries
Benefits
Operating Expenses
Transfers Out
Debt Selvice
2,118,205
1 ,626,101
3,568,256
804,774
2,286,27 5
I,721 ,800
4,086,s23
969,233
4,905,661
3,7 t5,193
I 0,3 45,8 86
7,998"466
4,739,105
3,579,397
10,655,8 86
1,998.466
( I 66,5 56)
(135,796)
3 10,000
965%

96.3o/o
103.0%
100.0%

0.0%
100.0%$
$
8,1t7,336 $ 9,063,831
$ 2,385,443
$ 20,965,206
$ 6,1 63,5 86
8 20,972,854
$ 6,163,586
$
$
7,648
Capital Expenses 5,802,009 100.0%
tal 20 l0 $21 5

03/11/2025 Item No.3.

Lighting and Landscape Funds
There are 30 Lighting and Landscape (L&L) Districts in the City of Folsom. Each District has its own budget and maintenance requirements to maintain various assets ranging fi'orn shrub beds, mini parks, walls, fences, monument signs, streetlights, bollards, landscape lighting, irigation systems, artwork, a waterfall, walkways/trails, open space, trees, and electrical services.

Below is a summary list of the main projects or activities that occurred in our L&L Districts during October, November, and December 2024:

Other activities that have taken place in the L&L's this quarter include:
. Multiple hazatdtree removals.
o 115 streetlight requests completed, including several pole replacements. o 204 SeeClickFix work requests completed.

Total plan Area Impact Fees received through the second quarter of FY 2024-25 were $4.94 million. Expenditures during the second quarter totaled approximately $4.72 million in all Plan Area Impact Fee funds. Expenditures were for Fire Station 34 construction, and Prospector Park construction.

Plan Area Impact Fees
District Proiect Date Cost
Prairie Oaks Ranch Ladder Fuel Removal 12/3012024 $101,389 Willow Creek
Estates South
Irrigation Controller Replacement tzn512024 $12,168
American River
Canyon North
Mystic Hills Plant Infill ll/2U2024 $1,322
7

03/11/2025 Item No.3.

APPENDIX A
City of Folsomo California
Combined General Fund
Revenue and Expense Statement
Quarter Ended December 31,2024
REVf,NUf,S:

Ta\esl
Property
Sales And Use
Trilsient Occupmc)'
Real Properly Trmsfer
Frmchise Fees
Other
Intergoremmental
Cheges For Cunent Services
Fines And Forfeilures
Interest
Miscellmeous
Operating Trdsfers In

TOTALRTVENUES
E)(PENI'ITURES:

Curent Operding:

General Goremment
Public Safety
Public Wa],s md Facilities
Comunity Services
culture ild Recreation
Non-Departmental
Operaling Trmsfers Out
TOTAL EXPENDITURf,S

APPROPRIATION OF FUND BALANCE
FUND BALANCE, JULY 1

FUNI' BALANCE
FY 2024
As of
12t31t2023
Fy 2025
As of
1U31t2024
t6j52,427
9,027,902
473.705
t8.246.897
8,193,204
385,570
w 2024 FY 2025
BUDGET
FY25 Forecsl
As of
1213t12024

VARIANCE
For€cst vs Budget

VARIANCE
Acutal vs Budget
$ 4t-045.572
27,636,t32
2,521,841
797,839
747,"162
t,207.483
4,896,431
14,105,509
t6,378,992
2l 1,816
2,89t,036
552,189

44.658.430
29,0'15,'16't

2.500,000
927,000
817,000
1,250,000
3,860,72s
I 1,805.809
I3.840.847
I I 1.000
300,000
2,644,46tJ

44.658.430
28,246,927
2,500,000
92't,000
817,000
1,250,000
3,950,',l25
12,737,912
t5.743,612
125,000
617,331
2,819160
(828,840)
%
t00%
97%
1000/0
l00o/o
100%
100%
102%
r08%
tt4%
tt3%
206%
ta70/o
4t%
28%
l5o/o
0%
0%
t5%
55%
t3%
51%
9%
188%
220/0
4t%
36%
st%
50%
42%
470/o
4s%
3t%
394to/"
49%
(26,4t1,533)
(20,882,563)
(2,1t4.430)
(92?,ooo)
(817,000)
(1,065,751)
(t,'1 s0,992)
(10,239,181)
(5,973,941)
(r00.s38)
265,034
(2,0s2,s60)
225,577
3,053,748
368,619

7."180,144
12,369
666,057
524,431
5,280,278 $
27,614.363
4,233,t36

4.18'7,143
9,945,562
2,401,r52
184,249
2,t09,133
t,566,628
'1.866,906
10,462
565.034
591.900
90,000
932,103
t.902,765
14,000
317,331
175,000
2,949,107
41,634.481

5.623,'159
3 1,401.609
3,933,689
3,646.627
t0,6a9.974
2,893-311
(t.422.0s7)
(1,s21,860)
ll 738.458
10,046,086

55.aa5,774
8,746.4',71
8,952,289
22,994.5t3
8,096,163
(r,577.07t\
(1,152,276)
6,732,155
1 18,523"193
I l.l 17.681
62,556,079
9,443,563

7.685,740
23,1'17,591
9,3'17,225
50,000
t24,007.E79
(s,484,686)
34,394,397
28,909,71 I
(1,422,0s1)
(1,521,860)
(1,302,'120)
$ 24,663,073
155
I I,138.485
64,403,074
9,082,849
8,280,5I7
24,'126.721
9,514,225
20,804
1,846,995
(360,1 t4)
594,'17'1
949,130
137,000
5,493.922
3t,t54.470
s,509,874
4,039,tt3
13,08?,616

6.483,915
53,721-634
(12,087,148)
30,764,35E
18,617,211
(1.380,323)
(1,279,783)
(783.568)
$ ts,233,s37
(t1.69s,92t' 3,630,039
104.

NONSPENDABLE FUND BALANCE

RESTRICTED FUND BALANCE

COMMITTED FUNI' BALANCE

ASSIGNED FUND BALANCE
(l
(1,s2r,860)

UNRESTRICTEII FUND BALANCE
8

03/11/2025 Item No.3.

APPENDIX B
City of Folsom, California
Expenditure Summary - General Fund Departrnents
Quarter Ended December 31,2024
FY 2024
As of
t213112023
FY 2025
As of
12/31D024
FY 2024
ACTUAL
FY 2025
BUDGET
FY25 Forecast
As of
12131/2024

VARIANCE
Forecast vs Budget

VARIANCE
Actual vs. Budget
$
EXPENDITURES:

City Council
City Manager
City Clerk
Office of Mgnt & Budget
City Attomey
Human Resources
Police
Fire
Commmity Development
Parks & Recreation
Library
Public Works
Othq
Non Departnental
Operating Transfers Out
TOTAL EXPENDITURES:
$$ s6,893 $
621,026
334,782
3,776,269
573,776
417,532
13,957,727
13,716,636
4,187,143
8,93 1,081
1,014,481
4,233,136
66,874
644,783
401,593
3"3s3,979
682,989
473,540
15,029,370
16,372,239
3,646,627
9,698,440
991,534
3,933,689
t42,7t8 $
1,345,373
743,306
6,632,149
1,306"487
947,648
29,883,254
32,672,82s
7,68s,740
21,556,897
2,220,694
9,443,s63
137,533
t,386,794
1?<'1))
6,632,149
1,310"296
936,391
30,841,726
33,s6t,348
8,280,s17
22"469,247
2,257,473
9,082,U9
(5,185)
4t,421
(7,e84)
3,809
(rt,zs7)
958,473
888,s22
594,777
912,3s1
36,779
(360,714)
137,000

96.37% S
103.08%

98.93y,
100.00%
t00.29%

98.8t%
103.zty.
102.7204
t07.74%
104.23%
rot.66%

96.18%
v"
101.46%
3940.s9%
(7s,844)
(700,590)
(34t,7 t3)
(3,278,170)
(623,498)
(474,108)
(14,8s3,884)
(16,300,s86)
(4,039,r l3)
(r 1,8s8,457)
(t,229,160\
(s,s09,874)
120,089
1,284"1 I 8
637,t8l
5,902,868
1,26',7,677
834,153
28,1 81,864
27,703,910
8,952,289
20,895,15 l
2,099,362
8,746,471
8,096,163
387
$ I 15,108,419
$ $ 47Yo
48%
54Yo
s1%
5204
50%
s0%
50v.
47%
45%
45%
42%
2,40t,ts2 2,893,311 9,377,72s
50,000
9,514,225
1,970,295
(6,483,91s) 31v.

1.920.295 394104
$ s3.721.634 $ 60.159.265 s 124,007,879 $ 129,116,166 $ 5,108,287 104.12% $ (63,848,614) 49% I

03/11/2025 Item No.3.

APPENDIX C
City of Folsomo California
Housing Fund
Revenue and Expense Statement
Quarter Ended December 31,2024

REVENUESI
Tues
Intergovemental
Chrges for Cunent Senices
Impact Fse Rcvenue
lnterest Revenue
Other Revenue
Operating Trrosfers In

TOTALREVENUES
EXPENDITURES:

Salary & Benefits
Seruices & Supplies
Contracts
Insurmce
Other Operating Expensss
Capital Outlay
Extaordinary Loss on Dissolution ofRDAS
Operating Trmsfers Out

TOTAL EXPENDITURES

APPROPRIATION OF FUND BALANCE
FUND BALANCE, JULY 1

FUND BALANCE

NONSPENDABLE FUND BALANCE

RESTRICTED FUND BALANCE

COMMITTED FUND BALANCE

ASSIGNED FUND BALANCE

UNRESTRICTED FUND BALANCE (DEFICIT)
FY 2024
ACTUAL
FY 2025
BUDGET
FY25 Forecast
As of
t2Rt/2024
FY 2025
As of
t2131/2024

VANANCE
Forecast vs Budget

VARIANCE
Actual vs Budget
% $ %
$
80t,691
227
1,488,981
442,064
2,606
437,846
3,300
$ 50,545,01 1
(30,s73,328)
12,Ot2
6,980
6,051,162
s25,759
t25,144
476,80'7
8,195
20,000
300,000
300,000
7,363
63 575,000
40,300
12,063
627,363
5,000
2,800,000
600,000
1,363
575,000
15,300
2,810,000
$ 5t,066,620
(r5,ooo)
2,500,000
300,000
(2s,000)
801,691
(le,773)
1,188,981
142,064
(4,7s7)
137,154
37,000
$$ s s
$
25yo
933yo
20v/o
IOOyo
I%
496Yo
l47Yo
350/o
5441/" 436%
$ $
t02
44 78 704
2,288,391 6,224,353
lo0%
38%
t00%
96%
'16%
8%
50%
'7loh85
48,256,620
Q9,688,r92\
48,256,620
$ 48,256,620
(48,256,620) (5
sl $1 $- $
10

03/11/2025 Item No.3.

APPENDIX D
City of Folsom, California
Combined Water Funds*
Revenue and Expense Statement
Quarter Ended December 31,2024
OPERATING REVENUES:

Charges For SeNices

TOTAL OPERATING REVENUES
OPERATING EXPENSES:

Salaies
Benefits
Uriliries
Supplies
Maintenmce md operation
Contractual Seryices
Depreciation
Other Operaling Expenses

TOTAL OPERATING EXPENSES

OPERATING INCOME (LOSS)
NONOPERATING REVENUE (EXPENSES) |
Irpact Fees
Other
Investment Income
Intergovernmental
Proceeds ofFinmoing
Debt Seryice Expense
Other Reimbursements
Capital Outlay - Prcjects

TOTAL NONOPERATING REVENUE
(EXPENSE)

INCOME (LOSS) BEFORE CAPITAI
CONTRIBTITIONS Al\O'*ON""UO,
Fv 2024
ACTUAL
FY 2025
BUDGET
FY25 Forecdt
As of
t213v2024

VARIANCE
Forectrt vs Budget

VARIANCE
t10%
I 100/.
53%
s3%
w 2024
As of
t2/31t2023
10,s98,432
10,598,432
t,7t9,584
1,213,802
444,tt4
709,918
451,986
755,585
605,641
5,900,629
4,697,803
499,'7t'|
28,827
517,468
(3,000)
(697,2r0)
405,802
5,103,605
15,55'1
(471,5r8)
(3e5,e61)
4,707,644
t20,972,567
t25,680,211
(3,439,70t\
_!__ru24oilo
112024
t7l
t,826,244
1,278,337
486,463
946,410
527,376
9t t,061
19, I 86,000
19, I 86,000
3,982,506
2,186,665
922,500
1,850,188
1,489,550
3,6r4,389
1,619,939
,r--
2,920,263
450,000
3,084,686
415,000
750,000
9l
9l
3,8t7,497
2,671,670
952,500
1,870,188
1,439,550
2,626,389
733
325,000
2,820,955
1,285,000
(1.842,428)
300,000
4,258,3t6
t33.6't5,9t4
(165,009)
(1 14,995)
30,000
20,000
(50,000)
(988,000)
8t%
90v.
(125,000) 72%
(263,73t) 9t%
870,000 3t0yo
(750,000) 0%
100Yr
70t
FY 2025
As of
3,442,|0
3,264,s3s
961,038
1,560,418
1,227,9t8
2,103,49t
5,133,616
96%
96%
ro3%
t0t%
97%
73%
(2,t56,262)
(1,508,328)
(416,037\
(903,718)
(962,1'14)
(2,703,328)
46%
46%
53yo
sIYa
3syr
25yr
t7
33 l5 38%
40%
42%
3%
t8t%
0%
72 155
188,859
97,808
152,462
(6,s70)
919,r79
3,991,329
t,626,982
750,000
1,835,858 0%
t5v"
901 6yr
(300,000) 0%
752 39%
(26t,t4r)
(2,986,878)
337,462
(750,000)
CAPITAL CONTRIBUTIONS AND TRANSFERS:

Trusfers In
Trmsfers Out

TOTAL CAPITAL CONTRIBUTIONS

ANDTRANSFERS

CHANGE IN NET ASSETS

NET ASSETS, JULY T

NET ASSETS

RESTRICTED NET ASSETS

UNRESTRICTED NET ASSETS
75,55'7
2,6a3,586 8,445,032
132,101,r85 129,417,s99
(192,t41) (1,842,428)
(9,743,975)
705 (6,886,7t7)
Q,966,4ss',)
100,000
(1,349,503)
(1,049,503)
(5,015,9s8)
129,41'7,s99
t24,40t,64t
09 $l $ I I 5,949,566
* Includes the following fmds: Water Inpact Feg Water Operating, Water Capital md Water Meters Prior yer includes prior period adjustment for GASB 68
11

03/11/2025 Item No.3.

APPENDIX E
City of Folsom, California
Combined Wastewater Funds*
Revenue and Expense Statement
Quarter Ended December 31,2024
OPERATING REVENUES:

Charges For Senices
Prison Seruices
TOTAL OPERATING REvENUf, S
OPERATING EXPENSES:

Salaries
Beneflts
utiliries
Supplies
Maintenanoe and Operation
Contmotual SeFices
Depreciation
Other Operating Expenses

TOTAL OPERATING EXPENSES

OPERATING INCOME (LOSS)
NONOPERATING REVENUE (EXPENSES):

Impact Fees
Investment Inoome
Other
Debt Seruice
Capiral Outlay - Prcjeots

TOTAL NONOPERATING REVENUE
(EXPENSE)

INCOME (LOSS) BEFORE CAPITAL

CONTRIBUTIONS AND TRANSFERS

CIIANGE IN NET ASSETS

NET ASSETS, JULY I
Fv 2024
As of
1213u2023
Fv 202s
6,985,646
33,600
1,019,246
FY 2024
7,1 53,006 t2,025,057
FY2sForecast VARIANCE
As of F*e"art t. Brdget
l2l3ll2l24 $ o/o
50,000
9t7,539
667,994
35,202
tll,042
12t,905
69,1 I 5
20t,095
2,123,490
4,895,35s

1.0t0,142
749,898
3'7,6'79
I 19,894
lt 1,084
t30,470
7t8
69,609
562,452
6,500
r,858,496
r,841,489
100,691
301,1 14
215.758
453,845
2,443,103
t17,165
1,596,078
2,761,818
(218)
12,049,235
67,200
12,tt6,43s
2,308,1 I I
1,'708,023
95,000
553,610
345,917
981,708
550,915
6,s43,344
5,573,091
186,920
135,000
(2"72s,774)
(7,rs1,6s7)
(9,s61,51 l)
(3,e88,420)
(820,639)
(820,639)
(4,809,059)
84,892,320
80,083,261
(1,13s,482)
_$ 78947J79_
t2,099,23s
2,t64,798
1,603,909
105,000
478,670
325,917
671,708
151,920
1,070,000
2,000,000
2,062,791
86,955,1 l0
(143,313)
(104,1 l3)
10,000
(75,000)
(20,000)
(3 10,000)
(3s,000)
935,000
4,72s,774
95%
90% 41

VARIANCE
(4,8e6,229)
(1,2e7,36e)
(9s8,125)
(57,32t)
(433,776)
Q34,833)
(85r,238)
0 17,31 l)
427,452
2,732,274
Fv 202s
BUDGET
61 t00%
t00yo
t00%
94%
94%
ttt%
86%
94%
68%
93Vo
36yo
s9%
50v.
59%
44yo
44%
40%
22%
32%
t3%
43%
37%
53,002
504,148
48,831
8t%
793%
-13%
37%
417%
0%
CAPITAL CONTRIBUTIONS AND TRANSFf,RS:

Transfers In
Transfers Out

TOTAL CAPITAL CONTRIBUTIONS
AI\D TRANSFERS
UNRESTRICTED NET ASSf,TS
(3,828,001)
(3,222,021)
t,673,33s
(353,12t)
(3s3,721)
1,319,614
79,243,653
80,603,266
(l le,86l)
_9_e0,48:4r_
3,ttt,279 5,608,667
88,003,s99 84,892,320
t7 $
ov"
27%
l3Vo
t00%

NET ASSETS
RESTRICTED NET ASSETS l3
* Includes the following funds: Sewer Operating and Sewer Capital Prior year includes prior period adjusthent for GASB 68 12

03/11/2025 Item No.3.

APPENDIX F
City of Folsom, California
Combined Solid Waste Funds*
Revenue and Expense Statement
Quarter Ended December 31,2024
OPERATING REVENUES:

Charges For SePices

TOTAL OPERATING REVENUES
OPERATING EXPENSES:

Salaries
Benefits
utilities
Supplies
Maintenance and Operation
Contmctual Services
Depreciation
Other Operating Expenses

TOTAL OPERATING EXPENSES

OPERATING INCOME (LOSS)

NONOPERATING REVENUE (EXPENSE)I
Impact Fees
Investment Income
Intergovemmental Revenues
Other
Debt seryice-Expense
Capital outlay
TOTAL NONOPERATING REVEI\ruD
(ExPENSE)

INCOME (LOSS) BEFORE CAPITAL

CONTRIBUTIONS AND TRANSFERS

CIIANGE IN NET ASSETS

NET ASSETS, JULY I
Fv 2024
As of
12131 12023
w 2025
As of
t213v2024
. 15,343,189
15,343,189

VARIANCE
F-"""rt"" B.rdC"t
%

VARIANCE
Actual vs Budget
6tyo
61,%
(2,619,386)
(1,993,393)
(23,688)
(r,208,73r)
\3e'1,t37)
(3,942,753)
FY 2024
4,27t,038
4,294,1s7
50,313
t,382,724
r,355,688
5,489,1 10
2,097,833
EY 202s
BUDGET
27,432,O00
27,432,O00
FY25 Forecast
As of
r2Btn024
4,739,t05
3,579,39'1
48,500
1,873,023
I,539,033
6,0a2,716
520,000
|,042,500
239,622
480,000
3,527,682
18,783,540
(166,556)
(t3s,796)
(125,000)
500,000
103%
103%
r00yo
37yo
47%
46Vo
5r%
40%
62%
350/o
2,tt8,20s
1,626,101
22,263
57t,657
474,107
2,094,352
405,878
226.t78
3,1r6,974
(804,7'14)
(804,774)
2,112,200
1,042,199
9,354,399
(r62,384)
$ 9,192,015
2,286,275
1,721,800
24,a12
'749,292
64t,896
2,139,963
306,t63
356,015
l7 r,419
516,578
196,256
668,544
994,256
36t,t49
501,995
(882)
731
6,226,991 8,213,659
2l,4a2,849 I 5,255,858
4,905,661
3,715,t93
48,500
t,998,023
1,039,033
6,082,716
t,t'77,6t4
520,000
532,500
239,622
(5,580,248)
(1,986,452\
(r,998,466)
(1,998,466)
(3,e84,918)
I 5,255,858
ll,270,940
(487,267\
$ 10,783,672
5 10,000
6,060,248
782,035
(348,s21)
(r5,e22)
(239,622)
5,776,504
0Vo
42Yo
43%
33%
97%
0%
-4%
3gyo
t4yo
-94o/o
t43
CA.PIT,A.L CONTRIBUTIONS AND TRANSFERST
Transfers In
Transfers Out

TOTAL CAPITAL CONTRIBUTIONS

AND TRANSFERS
NET A.SSETS

RESTRICTED NET ASSETS
UNRESTRICTED NET ASSETS $l
Includes the following funds: Solid Waste Operating, Solid Waste Capital, and Solid Waste Plan Area Capital Prior year includes prior period adjustment for GASB 68 13

03/11/2025 Item No.3.

Folsom City Council
Staff Re rt
REC oN/ COUNCIL TION
It is recommended that the City Council receive and file the City of Folsom Fiscal Yeat 2023- 24 AnnualComprehensive Financial Report. A bound hard copy of the report will be provided the night of the council meeting.

BACKGROUND / ISSUE
Each year the City is audited by an independent certified public accountant that renders a written opinion as to the accuracy and completeness of the Annual Comprehensive Financial Report (ACFR). The City of Folsom received an unqualified opinion on the financial staiements from Badawi & Associates Certified Public Accountants for the year ended June 30,2024.

The City also submits the ACFR to the Government Finance Officers Association (GFOA) for consideiation in their Certificate of Achievement for Excellence in Financiai Reporting program. The City received this award for Fiscal Year 2022-23 and we expect the report to earn the award againthis year.

Submitted,
Stacey Tamagni
1 MEETING DATE: 3tru202s
AGENDA SECTION: Consent Calendar
SUBJECT: Receive and File the City of Folsom Annual Comprehensive Financial Report for the Year Ended J:ur:re30,2024
FROM: Finance Department
Finance Director/CFO

03/11/2025 Item No.4.

This page is intentionally left blank
to facilitate double- side d printing
snd minimize PaPer trse.

CITY OF
DISTINCTIVE B,Y }JATURE
FOLSOl\[

03/11/2025 Item No.4.
.:r! ' li
l. '{ ir.1 , tj ,t_ } :\:l
Folsom City Council
Staff ort

RECO ATION / CITY COUN ACTION
The Fire Department recommends that the City Council pass and adopt Resolution No. I 1333 - A Resolution Acknowledging Receipt of Completed Annual State Mandated Fire Inspections

BACKGROUND / ISSUE
Existing taw (CA Health & Safety Code $ 13146.3) requires the Chief of Folsom Fire Department andlor their authorized representatives to inspect every building used as a public or private school within the City of Folsom not less than once each year, for the purpose of enforcing California fire code building standards.

Existing law (CA Health & Safety Code $ 13146.2) requires the City of Folsom Fire Department to annually inspect certain structures, including hotels, motels, lodging houses, and apartment houses, for compliance with fire code building standards.

Senate Bill 1205 requires that the mandated annual inspections be reported to the "administering authority" (City of Folsom City Council).

POLICY / RULE
Section 13146.4 has been added to the California Health & Safety Code requiring the City of Folsom Fire Department to report its compliance with Sections 13146.2 and 13146.3 annually to the City Council.
1 MEETING DATE: 3nU2025
AGENDA SECTION: Consent Calendar
SUBJECT: Resolution No. 1 1333 - A Resolution Acknowledging Receipt of Completed Annual State Mandated Fire Inspections
F'ROM: Fire Department

ANALYSIS

03/11/2025 Item No.5.

The Fire Department Prevention Division has completed all initial inspections pursuant to Sections 13146.2 and 13146.3 of the California Health and Safety Code as outlined in Attachment 2. Those occupancies found to be in violation of the Folsom Fire Code have either made the necessary corrections or are in the process of correcting applicable Fire Code violations; re-inspections will continue until all Fire Code violations are corrected.

FINANCIAL IMPACT
There is nominal fiscal impact as fire prevention staff are required, through state mandates, to inspect the specified buildings as described.

ENVIRONMENTAL REVIEW
This action is not considered a project under Section 15061(b)(3) of the California Environmental Quality Act Guidelines, and as such is exempt from environmental review'

ATTACHMENTS

1. Resolution No. 11333 - A Resolution Acknowledging Receipt of Completed Annual State Mandated Fire Inspections

2. 2024 Completed State'Mandated Inspections List
Submitted,
Ken Cusano, Fire Chief
2

03/11/2025 Item No.5.

Attachment 1
Resolution No. 11333 - A Resolution Acknowledging Receipt of Completed Annual State Mandated Fire Inspections

03/11/2025 Item No.5.

RESOLUTION NO. 11333

A RESOLUTION ACKNOWLEDGING RECEIPT OF

COMPLETED ANNUAL STATE MANDATED FIRE INSPECTIONS
WHEREAS, CA Health & Safety Code $ 13146.3 requires the Chief of Folsom Fire Department and/or their authorized representatives to inspect every building used as a public or private school within the City of Folsom not less than once each year, for the purpose of enforcing California fire code building standards; and
WHEREAS, CA Health & Safety Code $ 13146.2 requires the City of Folsom Fire Department to annually inspect certain structures, including hotels, motels, lodging houses, and apartment houses, for compliance with fire code building standards; and WHEREAS, pursuant to Senate Bill 1205, Section 13146.4 of the Health & Safety Code requires the City of Folsom Fire Department to report its compliance with Sections 13146.2 and 13146.3 annually to the City Council; and
WHEREAS, City of Folsom Fire Department Prevention Division completed all State mandated fire inspections including hotels, motels, lodging houses, apartment houses, and public or private schools; and
WHEREAS, the City of Folsom Fire Department annual report of compliance with inspection requirements is submitted to City Council,
NOW, THEREFORE, BE IT RESOLVED that the City Council acknowledges receipt of this report from the Fire Chief.
pASSED AND ADOPTED this llth day of March2025,by the following roll-call vote:

AYES:

NOES:

ABSENT:

ABSTAIN:

Councilmember(s):

Councilmember(s):

Councilmember(s):

Councilmember(s):

Sarah Aquino, MAYOR
ATTEST:

Christa Freemantle, CITY CLERK
ResolutionNo. 11333

03/11/2025 Item No.5.

Attachment 2
2024 Completed State Mandated Inspections List

03/11/2025 Item No.5.

FOLSOM FIRE

DEPARTMENT
53b Glenn Drive Folsom, CA 9S6go
Office (g16) +6r-6goo Fax (916) 984-7o9t ctTY or
tr"ffig-6$Rd
2024 Completed State Mandated lnspections List:

RESI DENTIAL FACI LITI ES
Name Address
Bidwell Apartments 705 & 707 Bidwell St.

Bidwell Apartments 709 Bidwell St.

Bidwell Pointe Apartments 125 E. Bidwell
Brookdale Folsom 780 Harrington Wy
Canyon Terrace Apartments 1600 Canyon Terrace Ln
Cogir of Folsom Alzheimer's Special Care 1801 E Natoma St Country House Assisted Living Facility 2005 lron Point Rd.

Court Yard Apartments 4l2Figueroa St.

Courtyard by Marriott 2575lron Point Rd
Creekside Oaks 171 5 Creekside Dr.

Creekview Manor 1720 Creekside Dr.

Fairfield lnn and Suites 1755 Cavitt Dr
Fairmont Apartments 200 S. Lexington Dr.

Falls at Willow Creek 1780 Creekside Dr
Folsom Care Center 510 Mill Street
Folsom Garden APartments 713 Stafford St.

Folsom Hotel 703 Sutter Street
Folsom Lodge Motel 501 E Bidwell St
Folsom Oaks Apartments 809 Bidwell St
Folsom Ranch Apartments 1000 Folsom Ranch Rd.

Forestwood Apartments 9483 Greenback Ln.

Garrett Apartments Bu ilding 2T2Montrose Dr.

Gas Light Apartments 51 Dean Way, 380 Wales, 390 Wales
Granite Folsom Apartments 1 150 Sibley St.

Hampton lnn and Suites 155 Placerville Rd
Hilton Garden lnn 221 lron Point Road

03/11/2025 Item No.5.

RESI DENTIAL FACI LITI ES
Name Address
Horizon Properties 270 Montrose Dr.

Hub Apartments 525 Willard Dr.
lron Point at Prairie Oaks Apartments 1550 lron Point Rd.

Jones Apartment Bu ilding 262Montrose Dr
Laird Apartment Building 266 Montrose Dr.

Laird Apartment Bu ilding 268 Montrose Dr
Laird Apartment Building 264 Montrose Dr.

Lake Natoma lnn 702 Gold Lake Dr
Lake Point Apartments 7550 Folsom Auburn Rd
Larkspur Landing 121 lron Point Rd
Legends at Willow Creek 180 S. Lexington Dr
Marshal Apartments 612 Stafford St.

Me Villa rtments 1 130 Duchow Way
Mercy Vil lage Apartments 1 160 Duchow Way
Mercy Village Apartments 1110 Duchow Way
Montecito Commons 6700 Oak Ave
Natoma Arms Apartments 101 Natoma St
Oakmont of Folsom 1574 Creekside Dr
Overlook at Blue Ravine 1200 Creekside Dr
Park Folsom 255 Wales Dr
Peterson Place Apartments 1 105 Blue Ravine Rd.

Prairie City Landing 645 Willard Dr
Preserve at Blue Ravine 1005 Blue Ravine Rd
Raintree artments 1000 Sibley St
Residence lnn 2555 lron Point Rd
Revel Senior Living 2075lron Point Rd
Sage Apartments 75 Scholar Way
Sherwood Apartments 2300 lron Point Rd.

Suites 1745 Cavitt Dr
Talavera Ridge Apartments 1550 Broadstone Pkwy
Talisman Apartment Building 201 Talisman Dr
Talisman Apartment Buildi ng 202 Talisman Dr.

Talisman Apartment Building 203 Talisman Dr.

Talisman Apartment Building 204 Talisman Dr.

Talisman artment Buildi 205 Talisman Dr.

Talisman artment Buildi 207 Talisman Dr.

Talisman rtment Buildi 209 Talisman Dr
2lPage

03/11/2025 Item No.5.

RESI DENTIAL FACI LITI ES
Name Address
Talisman Apartment Building 211 Talisman Dr
The Cottages at Folsom 1212 Bidwell St
The Park on Riley Apartments 99 Cable Cir.

The Pique at lron Point 101 Pique loop
Vintage Willow Creek (Senior Apartments) 1701 Creekside Dr Waterford Place 240 Natoma Station Dr
Willow Springs Apartments 250 McAdoo Dr
scHooLs
Name Address
Blanche Sprentz 249 Flower Dr
Carl Sundahl 9932 lnwood Rd
Empire Oaks 1830 Bonhill Dr
Folsom High 1655 lron Point Rd
Folsom Hills 106 Manseau Dr
Folsom Middle 500 Blue Ravine
Gold Ridge 735 Halidon
Mangini Elementary School 4640 Sparrow Dr.

Natoma Station 500 Turn Pike
Oak Chan 101 Prewett
Russell Ranch 375 Dry Creek Rd
Sandra J Gallardo 775 Russi Rd
Sutter Middle 715 Riley St
Theodore Judah 101 Dean Way
Vista del Lago 1 970 Broadstone

HOSPITALS
Name Address
Mercy Folsom Hospital 1650 Creekside Dr.

Vibra 300 Montrose Dr

DETENTION FACILITIES
Name Address
Folsom Police Department 46 Natoma St.
3lPage

03/11/2025 Item No.5.

ANNUAL INSPECTIONS STARTING 2025
Name Address
2800 lron Point Apts. (192 units) Empire Ranch and 50
AC by Marriott Palladio
Alder Creek Elementary 4545 Old Ranch Way
Avenida (Senior Apts.) 1 15 Healthy Way
Broadstone Villas 2840 E Bidwell St.

Canyon Terrace New Apt. Bldgs. 1 600 Canyon Terrace Ln
Harrington Grove Apts. 791 Harrington
lron Point Apts. 213712275|ron Point Rd
ManginiApts. (St. Anton APts.) 14776 Mangini Pkwy
Quarterra Apts. (192 Units) Empire Ranch and 50
South pointe Apts. (Atwell) 14481Southpointe Rd.
4lPage

03/11/2025 Item No.5.

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to facilitate double- sided printtng
and minimize paper trse.

CITY OF

DISTINCTIVE BY NATURE
FOLSON{

03/11/2025 Item No.5.

I i:, I,:': 'l :l\'l
Folsom City Council
Staff ort

RECO ON / CITY COUN ACTION
The Environmental and Water Resources Department recommends the City Council pass and adopt Resolution No. 11334 - A Resolution Authorizing the City Manager to Execute Amendment No. I to the Agreement (Contract No. 173-21 2I-067) with Berurett Engineering Services, Inc. for Design Services for the Basin 4 Phase 1 Sewer Project (WW2201).

BACKGROUND / ISSUE
The Environmental and Water Resources (EWR) Department identifies infrastructure rehabilitation and replacement projects through sewer master plans, ongoing condition assessment programs, and regulatory changes. EWR staff completed an analysis of potential wastewater projects through the City's Sanitary Sewer System Management Plan. Through these efforts, EWR staff identified the Basin 4 Phase 1 Project as a priority project.

The Basin 4 Sewer Phase 1 Proiect consists of rehabilitating and replacing approximately 3,200 lineal feet of sanitary sewer pipeline and the rehabilitation and the repair of one manhole. The project includes rehabilitating and replacing approximately 400 feet of sewer pipeline near Granite Park along Reading Street from Mormon/Natoma Alley to Figueroa/Mormon Alley, approximately 1,800 feet of sewer pipeline within the Natoma-Persifer Alley between Sibley Street and Riley Street, approximately 1,000 feet of sewer pipeline along Sutter Street between Scott Street and Coloma Street, and the rehabilitation and repair of a sewer manhole near Oak 1 MEETING DATE: 3lrll202s
AGENDA SECTION: Consent Calendar
SUBJECT: Resolution No. 11334 - A Resolution Authorizing the City Manager to Execute Amendment No. 1 to the Agreement
(Contract No. 173-21 2l-067) with Bennett Engineering
Services, Inc. for Design Services for the Basin 4 Phase I Sewer Project (WW2201)
FROM: Environmental and Water Resources Department

03/11/2025 Item No.6.

Avenue and East Bidwell. Amendment No. 1 is for additional engineering services related to design as well as construction administration.

This resolution will authorize the City Manager to execute Amendment No. I to the Agreement (Contract No. 173-21 2l-067) with Bennett Engineering Services, Inc. for Design Services for the Basin 4 Phase 1 Sewer Project (WW2201).

POLICY / RULE
In accordance with Chapter 2.36 of the Folsom Municipal Code. supplies, equipment, services, and construction with a value of $75,049 or greater shall be awarded by City Council.

ANALYSIS
Services recommended to be provided by Bennett Engineering Services, Inc. include additional design services and construction administration services for the Basin 4 Phase I Sewer Project' The following describes the additional engineering design services and proposed construction administration services that Bennett Engineering Services, Inc. will be performing:
o Prepare a Categorical Notice of Exemption under CEQA. o Minor updates to the plans and technical specifications (i.e. potholing, sewer testing, cleaning and inspection of sewer mains and manholes, cured-in-place- pipe lining, and groundwater dewatering) to minimize change orders during construction.
o Incorporate one additional plan sheet and specification to replace the existing flow meter at PumP Station No' 2'
o Incorporate additional details and specifications for the rehabilitation of various sewer manholes within the City that are at the end of their serviceable life. o Prepare conformed plans and specifications'
o Attend construction meetings.
o Coordinate activities during construction including Requests for Information (RFD and Submittal Reviews.
o Develop responses to RFIs.
o Review technical submittals.
o Redesign (up to 3) in the event of a utility conflict that requires alignment modification.
o Review and provide recommendations on proposed changes to the Contract (Change Orders).
o Site Visits.
o Prepare Record Drawings.
2 Page 38
03/11/2025 Item No.6.

This resolution will authorizethe City Manager to execute AmendmentNo. 1 to the Agreement (Contract No. 173-21 2l-067) with Bennett Engineering Services, Inc. for Design Services for the Basin 4 Phase 1 Sewer Proiect (WW2201) in the amount of $100,477 for a new not-to- exceed amount of $255,062.

FINANCIA I,IMPACT
The Basin 4 Phase 1 Sewer Project is included in the Capital Improvement Plan with a FY 2024-25 project budget of $2,840,705. Sufficient funds are available in the Sewer Operating Fund (Fund 530) for AmendmentNo. 1. The Environmental and Water Resources Department recommends that the amendment be executed with Bennett Engineering Services, Inc. in the amount of $100,477 for a new not-to-exceed amount of $255,062'

ENVIRONMENTAL REVIEW
This project is a rehabilitation project of existing infrastructure and therefore is categorically exempt from environmental review under the Califomia Environmental Quality Act as noted in Title 14 - California Code of Regulation, Chapter 3 - Guidelines for Implementation of the California Environmental Quality Act, Article 19 - Categorical Exemptions, Section 15302 - Replacement or Reconstruction.

ATTACHMENT
Resolution No. 1 1334 - A Resolution Authorizing the City Manager to Execute Amendment No. 1 to the Agreement (ContractNo. I73-2I2I-067) with Bennett Engineering Services, Inc. for Design Services for the Basin 4 Phase 1 Sewer Project (WW2201) Submitted,
Marcus Yasutake, Director

ENVIRONMENTAL AND WATER RESOURCES DEPARTMENT
J Page 39
03/11/2025 Item No.6.

RESOLUTION NO. II334

A RESOLUTION AUTHORIZING THE CITY MANAGER TO EXECUTE
AMENDMENT NO. 1 TO THE AGREEMENT (CONTRACT NO. 173-2121-067) WITH BENNETT ENGINEERING SERVICES,INC. FOR DESIGN SERVICES FOR THE BASrN 4 PHASE 1 SEWER PROJECT (WW2201)
WHEREAS, the City has identified this project as a priority to maintain integrity and operation of the City's sanitary sewer system; and
WHEREAS, the Basin 4 Phase 1 Sewer Project consists of rehabilitating and replacing approximately 3,200lineal feet of sanitary sewer pipeline and associated manholes; and WHEREAS, Bennett Engineering Services, Inc. by reason of their statement of qualifications, past experience, abilities for performing these types of services, and recent design services within the Historic District, are qualified to perform the required design services for this project; and
WHEREAS, sufficient funds have been budgeted and are available in the Sewer Operating Fund (Fund 530); and
WHEREAS, the agreement will be in a form acceptable to the City Attorney:

NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of Folsom authorizes the City Manager to execute Amendment No. 1 to the Agreement (Contract No. 173- 21 2l-067) with Bennett Engineering Services, Inc. for design services for the Basin 4 Phase 1 Sewer Project (WW2201) in the amount of $100,477 for a for new not-to-exceed amount of $255,062.

PASSED AND ADOPTED this 1lth day of March2025, by the following roll-call vote:

AYES:

NOES:

ABSENT:

ABSTAIN:

Councilmember(s):

Councilmember(s):

Councilmember(s):

Councilmember(s):

Sarah Aquino, MAYOR
ATTEST
Christa Freemantle, CITY CLERK
Resolution No. 11334
Page I of 1 Page 40
03/11/2025 Item No.6.
rf r, r,..;l: tl
Folsom City Council
Staff ort

RECOMMENDATION / CITY CW
The Finance Director respectfully recommends that the City Council pass and adopt Resolution No. 11335 - A Resolution Directing the Finance Director to Make a Transfer from the General Fund to the Capital Projects Fund for the Amount in Excess of the General Fund Reserve.

BACKGROUND / ISSUE
The Undesignated Fund Balances (Reserves) General Fund Reserve Policy states under the Transfer of Amounts in Excess of Specified Reserve section the following:
"To the extent funds accumulate in excess of the percentage of 20%o, such funds shall be transferred to the Capital Projects Fund. This transfer shall be made upon completion of the annual financial audit. It is the intent of the City Council to affect such transfers through a Mid- Year Budget Resolution"
After the completion of the Fiscal Year 2023-24 anrtual financial audit, the General Fund had an unassigned fund balance of $24,94I,979, exceeding the City Council's top range 20o/o reserve policy by $1,920,295. This unassigned fund balance in excess of the 20o/o resewe policy is the result of over thirteen years of careful financial management by the City Council 1 MEETING DATE: 3trU2025
AGENDA SECTION: Consent Calendar
SUBJECT: Resolution No. 1 1335 - A Resolution Directing the Finance Director to Make a Transfer from the General Fund to the Capital Projects Fund for the Amount in Excess of the General Fund Reserve
FROM: Finance Department

03/11/2025 Item No.7.
to allow for this one-time transfer, per the policy, for use for capital projects. This will be the first transfer of unassigned fund balance to the Capital Projects Fund since the Great Recession' POLICY i RULE
Financial Policy VI. Undesignated Fund Balances (Reserves) amended Decembet 12,2023, states that the City shall maintain an Undesignated Fund Balance (reserve) for the General Fund with atargetreserve range of l7o/o - 20% of the annual operating expenditures.

ATTACHMENT

1. Resolution No. 1 1335 - A Resolution Directing the Finance Director to Make a Transfer from the General Fund to the Capital Projects Fund for the Amount in Excess of the General Fund Reserve
Submitted,
Stacey Tamagni, Finance Director/CFO
Office of Management and Budget
2 Page 42
03/11/2025 Item No.7.

RESOLUTION NO. 11335

A RESOLUTION DIRECTING THE FINANCE DIRECTOR TO MAKE A TRANSFER

FROM THE GENERAL FUND TO THE CAPITAL PROJECTS FUND FOR THE

AMOUNT IN EXCESS OF THE GENERAL FUND RESERVE
WHEREAS, the City shall maintain an Undesignated Fund Balance (reserve) for the General Fund in the range of l7o/o - 20o/o; and
WHEREAS, to the extent funds accumulate in excess of the percentage of 20oh, such funds shall be transfened to the Capital Projects Fund; and
WHEREAS, this transfer shall be made upon completion of the annual financial audit; and WHEREAS, it is the intent of the City Council to affect such transfers through a Mid-Year Budget Resolution; and
WHEREAS, after the completion of the Fiscal Year 2023-24 artrrual financial audit, the General Fund had an unassigned fund balance of 524,941,979, exceeding the City Council's top range 20Yo rcserve policy by $1,920,295; and
WHEREAS, staff recommends transferring the excess reserve balance inthe General Fund to the Capital Projects Fund in accordance with the reserve policy amended by the City Council at the December 12,2023 City Council meeting; and
WHEREAS, this will be the first transfer of unassigned fund balance to the Capital Projects Fund since the Great Recession; and
WHEREAS, sufficient funds are available in the General Fund unassigned fund balance to make the transfer:

NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of Folsom directs the Finance Director to make a transfer of $I,920,295 from the General Fund (Fund 010) to the Capital Projects Fund (Fund 602) for the amount in excess of the General Fund reserve.

PASSED AND ADOPTED this 1lth day of March,2025, by the following roll-call vote:

AYES:

NOES:

ABSENT:

ABSTAIN:

Councilmember(s):

Councilmember(s):

Councilmember(s):

Councilmember(s):

Resolution No. 11335
Page I of2
Sarah Aquino, MAYOR

03/11/2025 Item No.7.

ATTEST:

Christa Freemantle, CITY CLERK
Resolution No. 11335

03/11/2025 Item No.7.
i I,i 1,'i'i ii'r'i
ii r!!rr!r.i 1, i,1i ,:

Folsom City Council
Staff Re ort
MEETING DATE: 3llu202s
AGENDA SECTION: Consent Calendar
SUBJECT: Resolution No. 1 1336 - A Resolution Authorizing the City Manager to Execute a Memorandum of Understanding with the County of Sacramento for Commercial and Industrial Stormwater Inspections and Enforcement within Folsom to Comply with the City's National Pollutant Discharge Elimination System G\fPDES) Permit
FROM: Public Works Department

MMEND CIL A
The Public Works Department recommends that the City Council pass and adopt Resolution No. 11336- A Resolution Authorizing the City Manager to Execute a Memorandum of Understanding with the County of Sacramento for Commercial and Industrial Stormwater Inspections and Enforcement within Folsom to comply with the City's National Pollutant Discharge Elimination SYstem G\fPDES) Permit.

BACKGROUND / rssuFt
The City of Folsom is a member of the Sacramento Stormwater Quality Partnership, along with the County of Sacramento and the Cities of Sacramento, Citrus Heights, Galt, Rancho Cordova, and Elk Grove (collectively referred to as Permittees). The partnership exists to develop programs and policies for compliance with waste discharge requirements Q'{ational Pollutant Discharge Elimination System INPDES] Permit No. CAS085324hereinafter referred to as "Permit") issued jointty to all the Permittees by the California Regional Water Quality Control Board (RWQCB) for municipal stormwater discharges.

City Council passed Resolution No. 7271 on February 24,2004, authorizing the City to enter into its first S-year Memorandum of Understanding (MOU) with Sacramento County Environmental Management Division (County EMD) to provide inspection and enforcement services at industrial and commercial facilities to meet certain requirements of the Permit. The MOU details the 1

03/11/2025 Item No.8.
responsibilities for the inspection program, enforcement, industry notification, record keeping, and complaint response. All Permittees executed separate 5-year agreements with County EMD to provide the same basic services. The 2004 MOU was first renewed in 2010 and again in 2015 and 2020. The current 2020 ly'rOU agreement expires on June 30, 2025. County EMD and the Permittees have agreed that there is interest to continue the program and accordingly developed a new 5-year agreement which is included as Attachment2.

POLICY / RULE
City Council authorrzation is required to enter into an inter-agency Agreement.

ANALYSIS
Attachment K - Prescriptive Requirements of the NPDES Permit No. CAS085324 (Permit) requires the City to inspect and ensure certain commercial/industrial facilities comply with the Permit and the City's Stormwater Ordinance. The current MOU between the City and the County EMD for these services expires on June 30, 2025. To avoid disruption to the program and noncompliance with the City's stormwater permit, it is requested that the new MOU be adopted.

The County of Sacramento will execute a new MOU with each agency under separate agreements to authorize the same terms of the agreement.

The Memorandum of Understanding with the County of Sacramento for implementing the Commercial and Industrial Stormwater Compliance Program required under the National Pollutant Discharge Eliminate System (NPDES) Permit No. CAS08 5324 has been reviewed and approved by the City Attorney's office, and a copy is included as Attachment2.

FINANCIAL IMPACT
The County's inspection program is entirely fee based, and other than continued City staff time for coordination and oversight it will have no financial impact on the City. The County charges the private businesses within our jurisdiction an annual inspection fee to be in the inspection program.

If the MOU is not approved, the City would have to spend significant additional staff time conducting the inspections and enforcement actions or hire a consultant to perform the required activities.

AL REVIEW
This action to enter into an MOU with the County does not call for the implementation of specific projects and only outlines an inspection program assigning roles and responsibilities and therefore is not subject to environmental review.

ATT

1. Resolution No. 11336 - A Resolution Authorizing the City Manager to Execute a 2 Page 46
03/11/2025 Item No.8.

Memorandum of Understanding with the County of Sacramento for Commercial and Industrial Stormwater Inspections and Enforcement within Folsom to Comply with the City's National Pollutant Discharge Elimination System O{PDES) Permit

2. Memorandum of Understanding withthe County of Sacramento for Commercial and Industrial Stormwater Inspections and Enforcement within Folsom to Comply with the City's National Pollutant Discharge Elimination System G\IPDES) Permit
Submitted,
Mark Rackovan, Public Works Director
aJ Page 47
03/11/2025 Item No.8.

Attachment 1
Resolution No. I 1336

03/11/2025 Item No.8.

RESOLUTION NO. 11336

A RESOLUTION AUTHORIZING THE CITY MANAGER TO EXECUTE A

MEMORANDUM OF UNDERSTANDING WITH THE COUNTY OF SACRAMENTO

FOR COMMERCIAL AND INDUSTRIAL STORMWATER INSPECTIONS AND

ENFORCEMENT WITHIN FOLSOM TO COMPLY WITH THE CITY'S NATIONAL

POLLUTANT DISCHARGE ELIMINATION SYSTEM (NPDES) PERMIT
WHEREAS, the Public Works Department oversees the City's compliance with waste discharge requirements of the City's National Pollutant Discharge Elimination System OfPDES) Permit issued by the California Regional Water Quality Control Board; and WHEREAS, Attachment K - Prescriptive Requirements of the NPDES Permit No.

CAS085324 (Permit) requires the City to inspect and ensure certain commercial/industrial facilities meet compliance with the Stormwater Ordinance; and WHEREAS, on June 15, 2020, the County and the City entered into a S-year Memorandum of Understanding (hereinafter referred to as the "Agreement") for ongoing inspections and enforcement at commercial and industrial sites withinthe City of Folsom to satisfii those specific requirements of the Permit; and
WHEREAS, as stated therein, the current Agreement expires June 30, 2025; and WHEREAS, the City and County have developed a new Agreement with terms and provisions intended to update those set forth in the present Agreement; and WHEREAS, to provide a consistent program across the county, lessen the burden to local businesses affected, anilreduce administrative costs, Sacramento County agrees to implement the required compliance program for all permitted agencies; and WHEREAS, the agreement will be in a form acceptable to the City Attorney:

NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of Folsom authorizes the City Manager to execute a Memorandum of Understanding with the County of Sacramento for Commercial and Industrial Stormwater Inspections and Enforcement within Folsom to comply with the City's National Pollutant Discharge Elimination System (I'JPDES) Permit.

PASSED AND ADOPTED this 1lth day of March,2025, by the following roll-call vote:

AYES:

NOES:

ABSENT:

ABSTAIN:

Councilmember(s):

Councilmember(s):

Councilmember(s):

Councilmember(s):

Resolution No. 11336

03/11/2025 Item No.8.

Sarah Aquino, MAYOR
ATTEST
Christa Freemantle, CITY CLERK
Resolution No. 11336
Page2 of2 Page 50
03/11/2025 Item No.8.

Attachment 2
Memorandum of lJnderstanding with the County of
Sacramento for Commercial and Industrial Stormwater
Inspections and Enforcement within Folsom to Comply
with the City's National Pollutant Discharge Elimination System OfPDES) Permit

03/11/2025 Item No.8.

COUNTY OF SAGRAMENTO AGREEMENT NO. #

AGREEMENT
THIS AGREEMENT is made and entered into as of this
-
day of
2025, between the COUNTY OF SACRAMENTO ENVIRONMENTAL MANAGEMENT DEPARTMENT, a political subdivision of the State of California (hereinafter referred to as "COUNTY"), and the CITY OF FOLSOM, a charter municipal corporation (hereinafter referred to as "C|TY").

RECITALS
WHEREAS, in 1987 Congress amended Section 402 of the Federal Clean Water Act to require the United States Environmental Protection Agency ("EPA") to promulgate regulations for permits for stormwater discharges; and
WHEREAS, the regulations are designed to control pollutants associated with stormwater discharges through the use of the National Pollutant Discharge Elimination System ("NPDES") permit system which allows the lawful discharge of stormwater into the waters of the United States; and
WHEREAS, the EPA has delegated to the State of California the authority to issue NPDES permits; and
WHEREAS, the California Regional Water Quality Control Board, Central Valley Region ("Regional Board") has been charged by the California State Water Resources Control Board with the responsibility to issue NPDES permits within the Central Valley Region; and
wHEREAS, on June 23, 2016, the Regional Board adopted a NPDES stormwater permit No. CAS0085324, Order No. R5-2016-0040-006, (hereinafter referred to as "Permit") for the County of Sacramento and the Cities of Citrus Heights, Elk Grove, Folsom, Galt, Rancho Cordova and Sacramento (PERMITTEES); and WHEREAS, references in this AGREEMENT to the Permit shall be construed as including applicable sections of the Stormwater Quality lmprovement Plan, (SQIP), and any other valid order or instrument issued by the Regional Board regarding implementation of the Permit; and
WHEREAS, PERMITTEES must comply with the Permit, its successor Permit, and other stormwater compliance documents subject to modification by the Regional Board; and
WHEREAS, CITY is responsible for overseeing regulatory compliance with the Permit for areas within its jurisdiction; and
WHEREAS, CITY has adopted a Stormwater Ordinance set forth at Chapter 8.70 of the Folsom Municipal Code ("stormwater Ordinance") to prohibit the discharge of pollutants to CITY's municipal stormwater conveyance system; and Page I of 14

03/11/2025 Item No.8.

WHEREAS, Section 2.7 ol the SQIP includes the requirement to track, inspect and ensure compliance with the Stormwater Ordinance at industrial and commercial facilities; and
WHEREAS, COUNTY, as both the State designated Certified Unified Program Agency (CUPA) and Environmental Health Agency for Sacramento County, is currently tricking, conducting inspections and otherwise regulating, pursuant to Division 20, Chapter 6.1 1 , and Division 104, Part 7 of the Health and Safety Code, the majority of the commercial and industrial facilities that are subject to compliance with the Stormwater Ordinance; and
WHEREAS, CITY has determined that the cost to track, inspect and ensure stormwater compliance at commercial and industrial facilities is such that it would be more economical, feasible, and appropriate to utilize the services of COUNTY to fulfill the commercial/industrial stormwater program requirements of the Permit; and WHEREAS, Article 11, section 8, of the California Constitution provides that a county may agree with a city within its borders to perform specified municipal functions, if provided by their respective charters, and the City and County Charters allow the City Council and the Board of Supervisors, respectively, to enter into agreements for the performance of municipal functions by COUNTY; and
WHEREAS, pursuant to Folsom Municipal Code Chapter 8.70, STORMWATER MANAGEMENT AND DISCHARGE CONTROL, Section 8.70.320; Commercial and lndustrial facility inspections, and Section 8.70.400, Enforcement, CITY may enter into agreements with COUNTY and its authorized officials and employees to administer and enforce the CITY Stormwater Ordinance with respect to commercial and industrial facilities in the CITY by including these facilities in COUNTY's commercial and industrial compliance program; and
WHEREAS' pursuant to Folsom Municipal Code Section 8.70.400 (C), if CITY and COUNTY enter into such an agreement, any administrative or civil enforcement by COUNTY of the CITY Stormwater Ordinance with respect to such commercial and industrial facilities shall be governed by and conducted pursuant to the COUNTY's own stormwater ordinance; and
WHEREAS, COUNTY and CITY desire to enter into the terms and conditions set forth herein,
NOW, THEREFORE, in consideration of the mutual promises hereinafter set forth, the parties hereto agree as follows.

I. SCOPE OF SERVICES
COUNTY shall provide services in the amount, type, and manner described in Exhibit "A", which is attached hereto and incorporated herein.

CITY shall provide services in the amount, type, and manner described in Exhibit "B", which is attached hereto and incorporated herein.

II. COST SHARE

03/11/2025 Item No.8.

Each party shall be responsible for the costs of implementing their respective services as described in Exhibits "A" and "8."
III. TERM
This Agreement shall be effective and commence as of the date first written above and shall end on June 30, 2030, unless sooner terminated as provided herein.

IV. NOTICE
Any notice, demand, request, consent, or approval that either party hereto may or is required to give the other pursuant to this Agreement shall be in writing and shall be either personally delivered or sent by certified mail, return receipt requested, addressed as follows:

TO COUNTY TO CITY
Jennea Monasterio, Director
Director
Sacramento of CountY
Environmental Management Department
11080 White Rock Road, Suite 200
Rancho Cordova, CA 95670
Rackovan,Mark
Department of Public Works
City of Folsom
50 Natoma Street
Folsom, CA 95630
Either party may change the address to which subsequent notice and/or other communications can be sent by giving written notice designating a change of address to the other party, which shall be effective upon receipt. Notice shall be deemed effective on the date of receipt.

V. COMPLIANCE WITH LAWS
CITY and COUNTY and their respective officers and employees shall observe and comply with all applicable Federal, State, County and City laws, regulations and ordinances, including but not limited to laws, regulations and ordinances governing conflict of interest.

VI. EMPLOYMENT STATUS OF PERSONNEL
1 Any persons employed by COUNTY for the performance of services pursuant to this Agreement shall remain employees of COUNTY, shall at all times be under the direction and control of COUNTY, and shall not be considered employees of CITY. All persons employed by COUNTY to perform services pursuant to this Agreement shall be entitled solely to the rights and privileges afforded to COUNTY employees and shall not be entitled, as a result of providing services hereunder, to any additional rights or privileges that may be afforded to CITY emPloYees.

For the purpose of performing the services provided for in this Agreement, and for the purpose of giving official status to the performance thereof where necessary, every COUNTY officer and employee engaged in the performance of any service hereunder shall be deemed to be an agent of the CITY while performing such services for CITY, provided that such services are within the scope of this Agreement, are purely municipal functions and 2

03/11/2025 Item No.8.
are performed as authorized by the Folsom Municipal Code. Notwithstanding the agency relationship established by this subsection, the CITY shall not be liable for any act or omission of any COUNTY officer or employee.

3. CITY shall not be liable for the payment of any salaries, wages, compensation or other benefits to any COUNTY employee performing services pursuant tb this Agreement, or for compensation or indemnity to any COUNTY employee for injury or sickness arising out of his or her employment with the COUNTY and providing services pursuant to this Agreement.

4. COUNTY hereby indemnifies and holds CITY harmless from any and all claims that may be made against CITY based on any contention by any third party that an employer-employee relationship exists by reason of this Agreement.

VII. SHARE OF LIABILITIES
Notwithstanding any provision hereof to the contrary, if the Regional Board or other regulatory agency imposes penalties on the CITY, or any third pady files a lawsuit against the CITY, based on any violation of the Permit by CITY, and such violation is related to any activities performed by either party under this Agreement, each party shall be responsible for the costs of such penalties or third party lawsuits to the extent that such penalties or lawsuits arise from activities performed or required to be performed by that party, its officers, directors, agents, employees, and volunteers, under this Agreement.

VIII. INDEMNIFICATION
CITY shall defend, indemnify and hold harmless COUNTY, its Board of Supervisors, officers, directors, agents, employees and volunteers from and against all demands, claims, actions, liabilities, losses, damages, and costs, including reasonable attorney's fees, arising out of or resulting from the performance of the Agreement, caused in whole or in part by the negligent or intentional acts or omissions of CITY officers, directors, agents, and employees (including its volunteers and students).

COUNTY shall defend, indemnify, and hold harmless CITY, its City Council, officers, directors, agents, employees, and volunteers from and against all demands, claims, actions, liabilities, losses, damages and costs, including reasonable attorneys' fees, arising out of or resulting from the performance of the Agreement, caused in whole or in part by the negligent or intentional acts or omissions of COUNTY's Board of Supervisors, officers, directors, agents, and employees (including its volunteers and students).

It is the intention of COUNTY and CITY that the provisions of this SECTION be interpreted to impose on each party responsibility to the other for the acts and omissions of their respective officers, directors, agents, employees, volunteers and students, COUNTY's Board of Supervisors, and CITY's City Council. lt is also the intention of COUNTY and CITY that, where comparative fault is determined to have been contributory, principles of comparative fault will be followed and each party shall bear the proportionate cost of any damage attributable to the fault of that party, its officers, directors, agents, employees, volunteers and students, COUNTYs Board of Supervisors and CITY's City Council.

03/11/2025 Item No.8.

IX. SUBCONTRACTS AND ASSIGNMENT

1. Any subcontracting will be subject to all applicable provisions of this Agreement. Subcontracting services delivered under this Agreement shall not in any way relieve COUNTY of any duty or responsibility under this Agreement and COUNTY shall remain primarily obligated for the performance of all services.

2. This Agreement is not assignable by COUNTY in whole or in part, without the prior written consent of CITY.

X. AMENDMENT AND WAIVER
Except as provided herein, no alteration, amendment, variation, or waiver of the terms of this Agreement shall be valid unless made in writing and signed by both parties.

Waiver by either party of any default, breach or condition precedent shall not be construed as a waiver of any other default, breach or condition precedent, or any other right hereunder.

XI. MODIFICATION
This MOU may be renegotiated, amended or modified at any time by mutual written agreement of the Parties.

XII. INTERPRETATION
This Agreement shall be deemed to have been prepared equally by both of the parties, and the Agreement and its individual provisions shall not be construed or interpreted more favorably for one party on the basis that the other party prepared it.

XIII. TERMINATION
Either party may terminate this Agreement upon one hundred and eighty (180) days written notice to the other party. Notice shall be deemed served on the date of mailing.

XIII. PRIOR AGREEMENTS
This Agreement constitutes the entire contract between COUNTY and CITY regarding the iubject matter of this Agreement. Any prior agreements, whether oral or written, between COUNTY and CITY regarding the subject matter of this Agreement are hereby terminated effective immediately upon full execution of this Agreement.

XIV. DUPLICATECOUNTERPARTS
This Agreement may be executed in duplicate counterparts. The Agreement shall be deemed executed when it has been signed by both parties.

03/11/2025 Item No.8.
lN WITNESS WHEREOF, the parties hereto have caused this Agreement to be duly executed as of the day and year first written above.

GOUNTY OF SACRAMENTO, a political subdivision of the State of Galifornia By:

D
Jennea Monasterio, Director
Environmental Management Department
Reviewed and approved by County Counsel
Date
Deputy County Counsel

COUNTY OF SACRAMENTO AGREEMENT NO

03/11/2025 Item No.8.

CITY OF FOLSOM
a charter municipal corporation of the State of California By:

Date
Brian Whitemyer, City Manager
Attest:

Christa Freemantle, City Clerk
Approved as to form:

Date:

Date
Steven Wang, City Attorney
PageT of14

03/11/2025 Item No.8.

EXHIBIT A to Agreement
between the COUNTY OF SACRAMENTO,
hereafter referred to as "GOUNTY," and
the GITY OF FOLSOM, hereafter referred to as "GITY"
I. SCOPE OF SERVICES

COUNTY DESCRIPTION OF SERVIGES
COUNTY will work within a cooperative relationship with CITY and provide the following services:

1. Administer and enforce CITY's Stormwater Ordinance with respect to commercial and industrial facilities within the GITY.

A. COUNTY will administer and enforce CITY's Stormwater Ordinance with respect to commercial and industrial facilities within the incorporated CITY area, to the extent that COUNTY administration and enforcement is authorized by the Stormwater Ordinance or any amendments thereto adopted by the FOLSOM CitY Council.

2. Provide inspections at commercial and industrial facilities within the incorporated GITY area as required by the Permit and the current California Regional Water Quality Gontrol Board Order in effect during the contract period consistent with applicable provisions of the Stormwater Ordinance.

A. COUNTY will complete a stormwater compliance inspection at each eligible commercial and industrialfacility at least once every three years, and not to exceed three years since last inspection.

B. As necessary to comply with provisions of the Permit, categories may be proposed by the City for addition to or deletion from the Commercial and lndustrial Stormwater Compliance Program (CISCP).

C. COUNTY will, in coordination with CITY, maintain and update inspection form(s) to be used by COUNTY personnel.

D. C0UNTY will maintain and update the required area survey activities to ensure that new facilities are incorporated into the stormwater inspection and enforcement program and will provide, at a minimum, annual updates of database.

E. COUNTY will distribute at the time of inspection any educational materials provided by CITY for such distribution.

F. As necessary to comply with provisions of the permit, at the request of CITY, C0UNTY will incorporate procedures to evaluate mitigation measures for target pollutant sources at commercial and industrialfacilities that are identified by CITY. lnspection procedures will be designed to provide reasonable assurance that pollutant sources and their associated mitigation measures are adequately managed to reduce pollutant discharge, while making efforts to

03/11/2025 Item No.8.
minimize the amount of additional time and resources needed to do so, by coordinating such procedures with existing inspection procedures.

3. Provide follow-up inspection and enforcement actions consistent with the requirements of the Permit and applicable provisions of the Stormwater Ordinance.

A. ln coordination with CITY, COUNTY will update follow-up inspection protocols and a progressive enforcement policy document for submittal to the Regional Board as part of the Stormwater Quality lmprovement Plan (SOIP).

B. COUNTY will provide enforcement assistance, as requested, by the Regional Board.

4. Provide a funding mechanism for commercial and industrial facility stormwater com pliance lnspection program.

A. COUNTY will quantify necessary COUNTY resources required to achieve compliance with the Permit as it applies to inspection, enforcement, and other related activities for commercial and industrial facilities, as agreed to in this Agreement.

B. COUNTY will develop and present to the COUNTY Board of Supervisors a proposed ordinance that authorizes COUNTY to recover program costs resulting from the expenditure of resources required for program implementation. Such an ordinance will include a fee schedule detailing annual fees for all facilities included in the commercial and industrial stormwater compliance program.

5. Provide support for presentations before the FOLSOM Gity Gouncil and other groups or lndividuals.
lf requested, COUNTY will assist in the presentation of stormwater related issues before the City Council and any other groups or individuals.

6. Provide Adequate lndustry Notification.

COUNTY, along with CITY, will conduct workshops and other outreach efforts to inform the regulated community of pending fee changes, significant compliance issues, and changes to program.

7. Provide for additional staff and training
A. COUNTY will review current level of staffing and will develop a work plan documenting additional staff required for the commercial and industrial stormwater com pliance prog ram i m plementation.

B. COUNTY will arrange for and secure staff training as needed or as requested by CITY.

8. Maintain adequate record-keeping and notification system

03/11/2025 Item No.8.

A. COUNTY will review and update recordkeeping and notification requirements required by the Permit and incorporate these requirements into its existing record keeping and outside agency reporting protocols and shall provide such records upon request to CITY.

B. COUNTY will make additions and/or adjustments to its existing database to comply with data management requirements contained in Permit.

C. County will maintain CISPP records for a minimum of five (5) years.

9. Appointment of a Senior Level Manager as liaison to GITY for coordination with the commercial and industrial stormwater compliance program.

COUNTY will designate a senior level position to oversee all stormwater program activities immediately upon signing of the Agreement who shall act as the primary liaison with CITY. CITY shall be immediately notified of this contact person.

10. Provide for complaint response.

A. COUNTY will maintain and update as needed the methodology that outlines how complaints should be categorized and the appropriate level of response.required as to complaints for those industries within COUNTY's inspection jurisdiction.

B. COUNTY, along with CITY, will work directly with the Regional Board to develop and modify this proposed methodology, to ensure Permit compliance.

C. Respond to complaints received regarding facilities not currently inventoried as a CISCP facility, but for which there is credible information indicating a reasonable likelihood that it is a CISCP facility. Based on its investigation of the facility, COUNTY will determine whether or not it is a CISCP facility. COUNTY will be responsible for investigation and enforcement of complaints at facilities it determines to be CISCP facilities, and will refer complaints regarding non-CISCP facilities to CITY. Referrals to CITY of non- CISCP facility discharges will be provided within one business day to the extent practicable.

11. Provide for reporting and documentation.

Not later than August 31 of each year, COUNTY will provide CITY any inspection, enforcement, cornplaint data or documentation needed by CITY to achieve compliance with reporting requirements contained in the Permit. This will include at a minimum:
. Number of businesses/facilities inspected;

03/11/2025 Item No.8.
. Number of enforcement actions taken, including the amount of fines or monies assessed and collected;
. Number of complaints referred to COUNTY by the Regional Board; . Total number of complaint responses by COUNTY;
. Enforcement assistance provided to the Regional Board; . lnspection or complaint response records for specific facilities requested by CITY on an as-needed basis.
. Program effectiveness evaluation data.
. Annual program cost accounting.

12. Provide for progress evaluation
A. COUNTY and CITY shall meet on a quarterly basis for program updates and coordination purposes. COUNTY and CITY will meet semi-annually to eval uate program effectiveness.

B. COUNTY and CITY will develop methodology for conducting CISCP program effectiveness evaluations to be completed by the COUNTY and reported as a part of item 11 above.

C. As with its other regulatory programs, COUNTY will prepare required records or documentation relating to the stormwater program for the purpose of a financial review or analysis by CITY and COUNTY Auditor(s).

13. Mitigation of Pollutant Sources
A. lf COUNTY discovers during an inspection or in response to a complaint that pollutants from a CISCP facility pose an imminent threat of entering CITY's storm drain system or natural surface water, and causing an exceedance of a receiving water limitation, COUNTY will take reasonable action to ensure that timely measures are taken to mitigate the pollutant source. COUNTY will either:
i. Ensure that the responsible party has acted to effectively mitigate the pollutant source; or
ii. Promptly notify the appropriate agencies that have the authority to abate the discharge in lieu of the responsible party.

B. COUNTY will establish, maintain, and provide its staff with proper procedures and a current list of contacts for making appropriate notifications to other agencies for timely pollutant mitigation.

C. COUNTY will not be financially responsible for pollutant mitigation

03/11/2025 Item No.8.

03/11/2025 Item No.8.

EXHIBIT B to Agreement
between the GOUNTY OF SACRAMENTO,
hereafter referred to as "COUNTY," and
the CITY OF FOLSOM, hereafter referred to as "GITY"
I. CITY DESCRIPTION OF SERVICES
Consistent with applicable provisions of the FOLSOM City Charter and Municipal Code, CITY will work within a cooperative relationship with COUNTY and provide the following services:

1. Assist in the specification of the commercial and industrial facilities to be inspected, as defined by Permit.

CITY will work with COUNTY to continue to maintain and update an inclusive inventory of commercial and industrial facilities that are subject to inspections, enforcement, and other associated activities, as defined by the Permit.

2. Provide support for presentations before COUNTY Board of Supervisors and other groups or individuals.
lf requested by COUNTY, CITY will assist in the presentation of stormwater related issues before COUNTY Board of Supervisors and any other groups or individuals.

3. Modification of Local Stormwater Ordinance.
lf necessary, CITY staff will amend or modify and present to the City Council proposed amendments to CITY's existing Stormwater Ordinance to ensure ongoing authorization is provided to COUNTY to implement the stormwater compliance program for commercial and industrial facilities consistently County-wide.

4. Provide Adequate lndustry Notification.

CITY will continue to maintain and update industry notification and educational materials and, when requested by the COUNTY, will participate with COUNTY in workshops and other outreach efforts to inform the regulated community of pending fee changes, significant compliance issues, and changes to the program.

5. Assist in staff training.
lf requested by COUNTY, CITY will provide assistance in developing staff training modules and materials. CITY will also assist, if requested, in the development of a work plan documenting additional staff required for the implementation of the commercial and industrial stormwater compliance program.

6. Appointment of a Senior Level Manager, or a Senior Level Manager's designated representative, as liaison to COUNTY for coordination with the commercial and industrial stormwater compliance program.

03/11/2025 Item No.8.

CITY will appoint a senior level manager or identify a senior level manager designee to oversee the commercial and industrial facility stormwater program activities and to act as the primary liaison with COUNTY.

7. Provide for complaint response.

CITY will be responsible for complaint response for those industries in the CITY that are not specified by the Permit or the Regional Board to be included in the commercial and industrial inspection program.

L Reporting and documentation requirements.

CITY willwork with COUNTY to develop specific report format(s) including data elements needed to comply with reporting requirements contained in the Permit.

9. Other Additional Services.

CITY may develop and provide to COUNTY educational outreach materials to be distributed during commercial and industrial inspections.

03/11/2025 Item No.8.

This poge is intentionallA Ieft blonk
to focilitqte double- sided printing
and minimize poper trse.

CITY OF
DISTINCTIVE B.Y NATURE
FOLSON{

03/11/2025 Item No.8.
i' i'.:' i ,:-r {-.ilvl
Folsom City Council
Staff ort

RECOMMENDATION / CITY COUNCIL ACTION
ResolutionNo. 11337-AResolutionAuthorizingStafftoSubmitGrantExtensionandBudget Increase Request to the Federal Emergency Management Agency'sHazard Mitigation Grant Program and California Office of Emergency Services for the City of Folsom Defensible Space and Vegetation Management Plan

BACKGROUND / ISSUE
The City of Folsom is responsible for the maintenance and servicing of approximately 1,100 acres of City owned open space across 70 different sites. Of that 1,100 acres, 335 acres have been identified as containing ladder fuels. Ladder fuels are generally defined as any combustible material that could facilitate the spread of ground and surface fires into the tree canopies resulting in a crown fire. Crown fires are much harder to fight and threaten the health of trees more than a ground fire. Traditionally, the City has completed annual weed abatement to address seasonal grasses but has only recently implemented a program to address other combustibles that exist from low growth in trees to establish defensible space to adjacent structures. The contractor who was completing this work has withdrawn due to their underbidding the project. To date we have completed sixty percent of the hazard mitigation work identified. This request is to allow staff to apply for a budget increase of twenty five percent for remaining sites through FEMA and CaIOES; for portions of the second and third 1 MEETING DATE: 31rU2025
AGENDA SECTION: Consent Calendar
SUBJECT: Resolution No. 1 1337 - A Resolution Authorizing Staff to Submit Grant Extension and Budget Increase Request to the Federal Emergency Management Agency' s Hazar d Miti gation Grant Program and California Office of Emergency Services for the City of Folsom Defensible Space and Vegetation
Management Plan
FROM: Parks and Recreation Department

03/11/2025 Item No.9.
phase of this three-phase program. The program is intended to systematically address the City owned open spaces and establish tolerances so that in subsequent years less work will be required to address ladder fuel and thus the annual, more routine work, will be more focused on the abatement of annual grasses and maintenance of adequate fuel breaks. Once completed there will be a defined separation between our developed and undeveloped areas. The current grant period expires on June 14,2025, and the timeline to put the work out to bid will not allow staff to complete all necessary work by that date. In addition to the budget increase request, staff will be requesting a one-year grant extension from FEMA and CaIOES to allow us to bid the scope of work and complete all remaining sites.

POLICY / RULE
City finance policy requires all grant applications and budget adjustments to be approved by the City Council before submittal.

ANALYSIS
On June l2th,2018, the Folsom City Council approved Resolution No. 10137 - A Resolution Authorizing the Application for Grant Funds from the Federal Emergency Management Agency's Hazard Mitigation Grant Program for the Folsom Defensible Space and Vegetation Management Plan.

On September 13, 2022, City council approved Resolution No. 10918 - A Resolution Atrthorizing and Accepting a Grant Award from the Federal Emergency Management Agency's Hazard Mitigation Grant Program and California Office of Emergency Services for the Implementation of the City of Folsom Defensible Space and Vegetation Management Plan.

Staff bid the project through the RFP process and the City Council awarded the contract to Loggers Unlimited on June 27,2023, with Resolution No. 11058 - A Resolution Authorizing the City Manager to Execute an Agreement with Loggers Unlimited for Shaded Fuel Break Creation and Ladder Fuel Removal.

On April 26, 2024, staff requested additional funds through the Hazard Mitigation Grant Program as the total cost of the project exc,eeded the 2018 grant request. On Septemher 16, 2024, staff received a notification of approval of supplemental funds approving $207,412.50 in additional funding. This additional funding increased the federal share from $279,000 to 5486,412.50, and the total project cost to $648,550.

On November 12,2024, the Folsom City Council approved Resolution No. 1 1286 - A Resolution of the City Council Accepting AdditionalHazard Mitigation Grant Program Funds and Authorize Appropriations of General Fund (Fund 010) Contingency Budget for the Completion of Ladder Fuel Removal in all Identified General Fund FireHazard Areas Associated with the FEMA Hazard Mitigation Grant Received on June 23,2022 2 Page 68
03/11/2025 Item No.9.

On February 14,2025 Logger Unlimited informed city staff that they could no longer complete the scope of work due to underbidding the job. Staff contacted CaIOES and verified that additional funds are avallable in the grant program. Staff informed CaIOES that an item would be presented to the City Council on March I1,2025, to request authorization to apply for an extension and budget increase.

Total project completion to date is 2I4 acres or 60 percent. Funding was previously appropriated for the remaining site with a bid cost of $196,141. Staff will be requesting a twenty-five percent budget increase for the remaining sites, or $49,036. If approved the federal portion will provide seventy-five percent reimbursement.

ENVIRONMENTAL REVIEW
Part of the grant award process for FEMA was to conduct an environmental review; their Record of Environmental Consideration (REC) is included below:

FEMA has determined that the Proposed Action is covered by the Region IX Programmatic Environmental Assessment for Recurring Actions in Arizona, California, and Nevada (PEA) under Section 2.5.1, Mechanical or Hand Clearing of Vegetation. This category covers the implementation of the above project elements and, therefore, the Proposed Action is consistent with this PEA category.

FINANCIAL IMPACT
There is no financial impact at this time to request additional funds and a time extension.

However, if approved, an appropriation will be requested at a future council meeting to accept the additional grarrt funds, which requires a25o/o matching contribution. The total request to FEMA and CaIOES for additional funds will be for a25Yo increase over the existing bid prices, or $49,036.

ATTACHMENT

1. Resolution No. 1 1337 - A Resolution Authorizing Staff to Submit Grant Extension and Budget Increase Request to the Federal Emergency Management Agency's Hazard Mitigation Grant Program and California Offrce of Emergency Services for the City of Folsom Defensible Space and Vegetation Management Plan Submitted,
Kelly Gonzalez,
Parks & Recreation Director
J Page 69
03/11/2025 Item No.9.

RESOLUTION NO. II337

A RESOLUTION AUTHORIZING STAFF TO SUBMIT GRANT EXTENSION AND

BUDGET INCREASE REQUEST TO THE FEDERAL EMERGENCY MANAGEMENT

AGENCY'S HAZARD MITIGATION GRANT PROGRAM AND CALIFORNIA

OFFICE OF EMERGENCY SERVICES FOR THE CITY OF FOLSOM DEFENSIBLE

SPACE AND VEGITATION MANAGEMENT PLAN
WHEREAS, on June 12th, 2018, the City Council of the City of Folsom approved Resolution 10137 - A Resolution Authorizing The Application For Grant Funds From the Federal Emergency Management Agency'sHazard Mitigation Grant Program For The Folsom Defensible Space and Vegetation Management Plan; and
WHEREAS, on September 13th, 2022, the City Council of the City of Folsom approved Resolution 10918 - A Resolution Authorizing and Accepting a Grant Award from the Federal Emergency Management Agency's Hazard Mitigation Grant Program and California Offrce of Emergency Services for the Implementation of the City of Folsom Defensible Space and Vegetation Management Plan; and
WHEREAS, On November 12,2024, the City Council of the City of Folsom approved Resolution No. 11286 - A Resolution of the City Council Accepting AdditionalHazardMitigation Grant Program Funds and Authorize Appropriation of General Fund (Fund 010) Contingency Budget for the Completion of Ladder Fuel Removal in all Identified General Fund Fire Hazard Areas Associated with the FEMA Hazard Mitigation Grant Received on June 23,2022; and WHEREAS, the grant timeline and budget will not allow the City to complete this work; WHEREAS, the city has the opportunity to file a request for a one-year time extension and25%o budget increase of $49,036; and
WHEREAS, grant funding if approved will allow the city to recover 75Yo of the total cost of work; and
NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of Folsom authorizes staff to submit a grant extension and budget increase request to FEMA and CalOES.

PASSED AND ADOPTED this 1lth day of March,2025, by the following roll-call vote:
and
AYES:

NOES:

ABSENT:

ABSTAIN:

Councilmember(s):

Councilmember(s):

Councilmember(s):

Councilmember(s):

Resolution No. 11337

03/11/2025 Item No.9.

Sarah Aquino, MAYOR
ATTEST
Christa Freemantle, CITY CLERK
Resolution No. 11337
Page2 of2 Page 71
03/11/2025 Item No.9.

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to facilitate double - sided printing
qnd minimize P oPer ttse.

OITY OF

DISTINCTIVE B,Y HATURE
FOLSON{

03/11/2025 Item No.9.

Folsom City Council
Staff rt
RECOMMENDATION / COI]NCIL ACTION
The Public Works Department recommends that the City Council pass and adopt Resolution No. 11338 - A Resolution Authorizingthe City Manager to Execute a Contract Amendment with Dewberry Engineers,Inc. (Formerly Drake Haglan & Associates) to Complete the Project Authorization and Environmental Documentation for the US-50/Empire Ranch Road Interchange (Project No. PW1804) and Appropriation of Funds.

BACKGROUND / ISSUE
The City first began work on the Empire Ranch interchange in200712008, completing much of the preliminary design and environmental clearance using Federal funds. Work on the project was halted, though, when the City shifted its design and funding priorities to the Folsom Lake Crossing Project.

In November 2017, the City Council approved Resolution No. 10039 - A Resolution Authorizing the City Manager to Execute a Consultant Service Agreement with Drake, Haglan & Associates, Inc. (Now Dewberry Engineers, Inc.) to Prepare Project Authorization and Environmental Documentation (PA/ED) for the US-5O/Empire Ranch Road Interchange and Appropriation of Funds.
1 MEETING DATE: 3trU2025
AGENDA SECTION: Consent Calendar
SUBJECT: Resolution No. 11338 - A Resolution Authorizing the City Manager to Execute a Contract Amendment with Dewberry
Engineers, Inc. (Formerly Drake Haglan & Associates) to Complete the Project Authorization and Environmental
Documentation for the US-SO/Empire Ranch Road Interchange (Project No. PWl804) and Appropriation of Funds
FROM: Public Works Department

03/11/2025 Item No.10.

The Caltrans PA/ED Phase is a critical stage in the Project Delivery Process for transportation projects in California. This phase includes all necessary studies, evaluations, and approvals to ensure a project is environmentally compliant and ready for final design.

This contract with Dewberry Engineers, Inc. has undergone four amendments to date, each extending the original contract period. This request will serve as the fifth amendment and will include another time extension and the necessary additional project budget to complete this phase.

While the initial budget for the Dewberry Engineers, Inc. contract accounted for addressing Caltrans comments for the draft project report, the unforeseen extent of the comments, coordination, updated document formats and standards, and revisions have resulted in a significant amount of additional work.

Below is a list of the work items that are included in this amendment that were not included in the original scope of work:
o Caltrans comments on the Draft Project Report (DPR), Geometric Approval Drawings (GAD), and Design Standard Decision Documents (DSDD). We have received mrmerous rounds of comments from Caltrans, many of which were addressed in previous comment cycles. Additionally, Caltrans staff changes have required the project team to bring other reviewers up to speed on the project and have resulted in additional comments by Caltrans and re-addressing previously responded to comments.

Due to the extended schedule, additional management, administration, quality control, and meetings are required.
o US-50/Empire Ranch Road (ERR) Grant Application(s) preparation and assistance. . Caltrans has made Design Standard changes and document format changes during the project, including:
o Highway Design Manual (HDM) Section 405.3(2)(b) Free right turn 20 mph design speed at pedestrian crossings
o HDM Section 405.10 Implementation of the OversizelOverweight (OSOW) design vehicle
o Format change from Design Hxception.Fact Sheet to l)esign Standard Decision Documents (DSDD)
o Format change to Traffic Management Plan (TMP) request form o Format change to DPR various sections
o Format change to Storm Water Data Report
o Highway Safety Manual (HSM) policy implementation
Recent project milestones include
Staff presented the most recent project design during the "Delivery Hour" presentation to Caltrans management.
2 o

03/11/2025 Item No.10.
o
a
The Draft Environmental Impact Report (EIR) has already been approved. Upon approval of the DPR, the EIR will be circulated for signatures.

More recently, Caltrans has provided additional comments on GADs, DPR, and DSDD.

We have clarified and addressed the GAD comments and sent back revised GADs and our response; these were sent to Caltrans on 919124 with the revised GADs, the performance checks, the updated drainage exhibits, and response to comments. After review of response, Caltrans provided comments on l0ll7l24 which included incorporating Highway Safety Manual elements in the project design. We met with Caltrans on 10128124 and lllll24 to discuss these comments. We requested from Caltrans an example of the HSM policy to incorporate in the DPR and DSDD.

The revised Draft Project Report and other associated documents were submitted to Caltrans on212412025.
a
Through the strategies outlined in the City of Folsom Strategic Plan, staff has prioritized this project and is committed to advancing it to a shovel-ready status while actively pursuing federal and state grant opportunities to secure the remaining funding necessary for construction.

POLICY / RULE
Section 2.36.080, Award of Contracts of the Folsom Municipal Code states, in part, that contracts for supplies, equipment, services, and construction with an estimated value of $7 5,049 or greater shall be awarded by City Council.

ANAI ,YSIS
Staff has reviewed the Dewberry scope and fee to provide the additional services and concurs with the level of effort required to comply with Caltrans requests for this phase of the project.

Staff will use the City's standard contract amendment in a form acceptable to the City Attorney

FINANCIAL IMPACT
The original contract with Dewberry -bngineers, lnc. was authorized for $1,308,950. Staff is requesting an amendment to the contract for the amount of $473,13 1, for an updated total not- to-exceed contract amount of $1,782,081.

In 2024, the city received an allocation of $4,000,000 of Highway Infrastructure Program (HIP) funds through the Community Project Funding / Congressionally Directed Spending program. These funds have been programmed for this project and a portion will be used to fund this contract amendment. This funding requires the city to contribute an ll.47Yolocal match in the amount of $54,268.13.

Staff is also requesting an appropriation of funds in the amount of $473,131 of which $418,862.87 will be reimbursed, resulting in a net financial impact to the City of $54,268.13.

J Page 75
03/11/2025 Item No.10.

Sufficient funds are avallable in the Transportation Improvement Fund (Fund 446) for the appropriation.

ENVIRONMENTAL REVIEW
This contract with Dewberry Engineers, Inc. included preparing the required California Environmental Quality Act (CEQA) and National Environmental Policy Act Q'{EPA) environmental documents and studies. The environmental document has already been approved and following Caltrans's approval of the Draft Project Report, the Environmental Document will be circulated for signatures.

ATTACHMENT
Resolution No. 11338 - A Resolution Authorizing the City Manager to Execute a Contract Amendment with Dewberry Engineers, Inc. (Formerly Drake Haglan & Associates) to Complete the Project Authorization and Environmental Documentation for the US-5O/Empire Ranch Road Interchange (Project No. PW1804) and Appropriation of Funds Submitted,
Mark Rackovan, Public Works Director
4 Page 76
03/11/2025 Item No.10.

RESOLUTION NO. 11338

A RESOLUTION AUTHORIZING THE CITY MANAGER TO EXECUTE A
CONTRACT AMENDMENT WITH DEWBERRY ENGINEERS, INC. (FORMERLY

DRAKE HAGLAN & ASSOCIATES) TO COMPLETE THE PROJECT

AUTHORIZATION AND ENVIRONMENTAL DOCUMENTATION FOR THE
US-50/EMPTRE RANCH ROAD INTERCHANGE (PROJECT NO. PW1804) AND

APPROPRIATION OF FUNDS
WHEREAS, the City of Folsom desires to complete the Project Authorization and Environmental Document (PA/ED) for the US-50/Empire Ranch Road Interchange; and WHEREAS, in November 2017, the City Council approved Resolution No. 10039 - A Resolution Authorizing the City Manager to Execute a Consultant Service Agreement with Drake, Haglan & Associates, Inc. to prepare the PA/ED for the US-50/Empire Ranch Road Interchange; and
WHEREAS, since the time of the initial contract award to Drake, Haglan & Associates, their name changed and they are now Dewberry Engineers, Inc.; and WHEREAS, Caltrans review feedback and comments have led to substantial modifications to the initial scope to obtain approval of the Project Report; and WHEREAS, sufficient funds are available in the Transportation Improvement Fund (Fund 446) in the amount of $473,131 to be appropriated for an updated total not-to-exceed contract amount of $1,782,081; and
WHEREAS, reimbursement in the amount of $418,862.87 will be received through Caltrans invoicing and will be credited to the Transportation Improvement Fund (Fund 446), resulting in a net financial impact of $54,268.13; and
WHEREAS, the agreement will be in a form acceptable to the City Attorney NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of Folsom authorizes the City Manager to execute a contract amendment with Dewberry Engineets, Inc. to complete the Project Authorization and Environmental Documentation for the US-5O/Empire Ranch Road Interchange (ProjectNo. PW1804) in the amount of $473,131 NOW, THEREFORE, BE IT FURTHER RESOLVED that the Finance Director is authorized to appropriate $473,131 in the Transportation Improvement Fund (Fund 446) for the US-5O/Empire Ranch Interchange Project (Project No. PW1804) for an updated total not-to- exceed contract amount of $1,782,081.

PASSED AND ADOPTED this 1lth day of March,2025, by the following roll-call vote:

Resolution No. 11338
Page I of2 Page 77
03/11/2025 Item No.10.

AYES:

NOES:

ABSENT:

ABSTAIN:

Councilmember(s):

Councilmember(s):

Councilmember(s):

Councilmember(s):

Sarah Aquino, MAYOR
ATTEST:

Christa Freemantle, CITY CLERK
Resolution No. I1338
Page2 of2 Page 78
03/11/2025 Item No.10.
h
Folsom City Council
Staff Re ort

RECO TION / CITY COUN , ACTION
The Finance Department recommends that the City Council receive and file the City of Folsom, the Folsom Redevelopment Successor Agency, the Folsom Public Financing Authority, the Folsom Ranch Financing Authority, and the South of 50 Parking Authority monthly Investment Reports for the month of Decemb er 2024.

BACKGROUND / ISSUE
Under the Charter of the City of Folsom and the authority granted by the City Council, the Finance Director is responsible for investing the unexpended cash of the City Treasury. The primary objectives of the City's investment policy are to maintain the safety of investment principal, provide liquidity to meet the short and long-term cash flow needs of the City, and earn a market-average yield on investments. The City's portfolio is managed in a manner responsive to the public trust and is consistent with state and local laws and the City's investment policy. The Finance Department hereby submits the investment reports for the City of Folsom, the Folsom Redevelopment Successor Agency, the Folsom Public Financing Authority, the Folsom Ranch Financing Authority, and the South of 50 Parking Authority for the month of December 2024.
1 MEETING DATE: 3lru202s
AGENDA SECTION: Joint Meeting Consent Calendar
SUBJECT: Receive and File the City of Folsom, the Folsom Redevelopment Successor Agency, the Folsom Public Financing Authority, the Folsom Ranch Financing Authority, and the South of 50 Parking Authority Monthly Investment Reports for the Month of
December 2024
FROM: Finance Department

03/11/2025 Item No.11.

POLICY / RIII,E,

1. Section 3.30.010(a) of the Folsom Municipal Code states "the term 'city' shall encompass the city of Folsom, the Folsom community redevelopment agency, and all other agencies and instrumentalities of the city under either the direct or indirect control of the city council, and this chapter regulates the investment of all moneys of those agencies."

2. Section 3.30.030(0 of the Folsom Municipal Code states that "the city's chief investment officer shall each month submit an investment report to the city council, which report shall include all required elements as prescribed by California Government code section 53646."

3. California Government Code, Sections 53601 through 53659 sets forth the state law governing investments for municipal governments in California.

4. Section 3.30.020(g) of the Folsom Municipal Code states that "all city cash shall be consolidated into one general bank account as set out in this code and invested on a pooled concept basis. Interest earnings shall be allocated to all city funds and subfunds according to fund and subfund cash and investment balance on at least a quarterly basis."

ANALYSIS
Overview
The City has diversified investments in accordance with the City Investment Policy and Govemment Code. The City of Folsom's total cash and investments are invested on a pooled basis as required by the Folsom Municipal Code.

The Portfolio Summary of the Crty's current report includes a "Pooled Equity Section" identifuing the Redevelopment Successor Agency's (RDSA) and Folsom Public Financing Authority's (FPFA) portion of the investment pool. The RDSA and FPFA list these amounts under "Cash" in their respective sections. Currently, the Folsom Ranch Financing Authority (FRFA) has no funds invested in Pooled Equity.

City of Folsom
Total Cash and Investments
The following graph illustrates the City's monthly cash and investment balances for fiscal years212l through 2025. Monthly fluctuations in cash and investments are the result of typical receipt of revenues less expenditures for operations, debt service, and capital improvements.

As of December 31,2024,the City's cash and investments totaled $309,559,57I; an increase of 545,471,685 (17%) from December 31,2023.
2 Page 80
03/11/2025 Item No.11.
-2O2O/2r

JUL AIJG
City of Folsom Total Cash and Invcstments
(Fiscal Year)
+2021/22 +2022/23 +2023/24 +2O24/2s
: sEp ocr Nov DEc JAN F€B MAR APR MAY iuN340
320
300
280
260
E
a240
220
2m
180
IU
140
720
The following chart shows the City's monthly cash and investment balances and percentage change for Fiscal Year 2024-25 alongwith the yearly dollar and percentage changes.

Total City Cash and Investments
Monthly
2024-25 Chanqe 2023-24
Monthly
Change
Yearly $
Change
Yenrly o/o
Change
Jul
Aug
Sep
Oct
Nov
Dec
-4%
-t%
0%
ao/-L /O
906
-3%
t%
t%
-2%
6%
l8%
t7%
l5%
t5%
14%
17%
$ 303,338,537
$ 292,274,877
$ 299,894,808
$ 290,874,052
s 284,125,510
$ 309,559,571
$ 257,726,288
$ 250,1.30,252
$ 257,882,783
$ 253,833,708
$ 248,964,786
$ 264,087,886
$ 45,612,249
$ 42,144,62s
$ 38,012,025
s 36,980,344
g 35,760,724
$ 45,471,685
The City's projected cash needs for the next six months are sufficiently provided for by anticipated revenues and the liquidity of its cash and investments. In addition, in accordance with Section 3.30.020(c) of the Municipal Code, less than 50o/o of the City's total cash is invested for a period longer than one year.

J Page 81
03/11/2025 Item No.11.

To Maturityas of December3t,2O24
3-4 Yrs
30,905,000
4-5 Yrs
24,391,000
2-3 Yrs
42,004,000 0 Days

13.3%
3L7%
L-2
1 Day
,92t,540
5,7%42,641,OO0
135%
0ays 2-183 Days
25,650,000
8,t%
33,0X8,000
1O.4Yo
Investment Performance
The City's Portfolio Management Summary report for the month of December 2024 is presented in Attachment I to this report. Portfolio investment earnings (including pooled equity earnings for the RDSA and FPFA) for the three-month quarter ended December 31, 2024 totaled $3,1 I1,967 . The total rate of return of the investment portfolio for the same period was 4.33Yo.

The following graph illustrates the total dollar amount and breakdown by investment category by quarter for December 31, 2023 tluough December 31, 2024. This graph lists the investments by face value.
4 Page 82
03/11/2025 Item No.11.
lnvestments by Category - last 5 Quarters
s350,000,000
s300,mo,000
s250,000,000
5200,000,000
s1s0,000,000
Sloo,ooqooo
ss0,000,000
: r Municipel Bonds
lcorporate Bonds
,
r US Agencies & Treasuries :
r Certificates of Deposit
I Commercial Paper :
r LGIP :
r Monet Market
I Cash - Checking
s-
December 31,
2023
572,305,0m
S25,s4s,om
S71,soo,om
S18,214,0m
s20,000,000
Ss1,1ss,ss9
S13,4e8P32
S1,000,191
March 31,2024
s73,48s,000
S25,s4s,ooo
s58,0m,O00
S18,463,000
s17,soop00
967,9g9,449
s20,412,389
S1,060,989
June 3q 2024
S78,45o,ooo
s32,088,000
S83,ooo,om
S19.575,0m
S2s,omPoo
S85,693,647
S€,79r,006
S1,048,s45
r LGIP
r Corporate Eonds
September 30,
2024
s74,790,0m
S32,o88,ooo
s75,sO0,0oo
S17,7os,om
s7,soo,m0
s6S,s%,247
522,372,6v
s1,036072
December 31"
2024
s77.s2s,000
S30,223,om
s68,r50,000
s17,711,000
st000,0oo
s90,684,1s9
s26As3,o21.

S1,035,992
r Cash - Checking r Money Market
t certificates of Deposit r US Agencies & Treasuries
I commercial Paper
t Municipal Bonds
lnvestments llsted at FaceValue
A detailed listing of the portfolio holdings as of December 3 1 , 2024 is included in Attachment 2 to this report.

The Local Government Investment Pool (LAIF) yield typically moves in the same direction as market yields, but is less volatile, lagging somewhat behind market moves. This can be seen in the chart on the next page, illustrating the historical monthly change in yield from July 2021 through December 2024 for LAIF and two-year US Treasury securities. The effective rate of return for the City Portfolio is also included.

After a rapid ascent of the Federal Funds Rate in 2022 and2023, the Federal Open Market Committee (FOMC) paused from July 2023 untrl September 2024, but after 3 rate cuts in the 5 Page 83
03/11/2025 Item No.11.
fall the rate is at 4.25-4.50%. The Consumer Price Index (CPD for January was up to 3.0Yo year-over-year (due in no small part to the price of eggs being upwards of $l0/dozen) while the jobless rate for January was 4Yo. While the jobless rate has held relatively steady throughout the latter half of 2024, the CPI has risen for four months after a low of 2.4Yo in September and has put a halt to any thoughts of a rate cut in the near future. Fed Funds futures project two 25 bps rate cuts in 2025, but with rising inflationary pressrres and an uncertain landscape from the current administration's desire for widespread tariffs and economic sanctions, those projections seem unlikely at the moment as the Fed adopts a wait-and-see approach. The bond market rallied in December as yields for a i0-year Treasury fell as low as

4.l5o(, sold off throughout the holiday season with yields reaching 4.79% in January, and have now rallied again. The current yield for a l0-year Treasury on February 26th,2025 is 4.30%o.

A listing of transactions for the second quarter of fiscal year 2025 is included in Attachment 3 to this report.

Folsom Redevelopment Successor Agency
Total Cash and Investments
The RDSA had total cash and investments of $4,540,889 as of December 31, 2024. This is an increase of $2,613,106 (37%) since December 31,2023. The cash held by the RDSA is comprised of city-held funds, as well as 2011 bond proceeds to be utilized for housing and non-housing projects. These proceeds held by the Agency are broken out individually in the Portfolio Management Summary in Attachment 1.
6 Yield Comparison
July 2022 - Decemb er 2024

5.500

5.00%

4.500

4.00o/o

3.50Vo

3.00Vo

2.500

2.A0o/o

1.50o/o
LAO0h
r$ s8..;S{t-{S $ ec,!+iJ{t-+S t} eelgs{
+I,AIF .+2 Yr Trsy -r*City
''rl
/Alnr,l \f -rJ vt'Y v:T -f-^
-/ --,f-
ra----f

03/11/2025 Item No.11.

The following table and graph illustrate the monthly balances and their respective percentage changes for the reporting period. Monthly fluctuations in cash and investments are the result of typical receipt of revenues less expenditures for operations, debt service, and capital improvements.

Folsom Redevelopme nt Success or Age ncy
2024-25
Monthly
Change 2023-24
Monthly
Change
Yearly $
Change
Yearly o/"
Chanee
Jul
Aug
Sep
Oct
Nov
Dec
$
$
$
$
$
$
7,641,114
4,543,915
4,543,926
4,543,937
4,540,878
4,540,889
6,587,646
3,529,550
3,529,766
3,529,966
3,521,169
1,153,995
$ 1,059,468
$ 1,014,365
$ 1,014,160
s 1,013,972
$ 1,013,709
$ (2,613,106)
-41%
0%
0%
0%
0%
$
$
$
$
$
$
-46%
0%
0%
0%
103%
16%
29%
29%
29%
29%
-31%
Folsom Redevelopment Successor Agency Total Cash and Investments $12,000,000
$9,000,000
$6,000,000
$3,000,000
$0
Jul Aug Sep Oct Nov Dec Jan Feb NIar Apr May Jun
tr2022-23 N2023-24 a202425
The RDSA's projected cash needs for the next six months are sufficiently provided for by anticipated revenues and the liquidity of its cash and investments.

Investment Performance
The RDSA's Portfolio Management Summary report for the month of December 2024 rs presented in Attachment 1. The RDSA's investment earnings for the three-month quarter ended December 3I, 2024 totaled $49,706. The effective rate of return for the RDSA investment portfolio for the same time period rs 4.47Yo. 7 Page 85
03/11/2025 Item No.11.

Folsom Public Financing Authority
Total Cash and Investments
The FPFA cash and investments totaled $26,126,570 as of December 31,2024. This is a decrease of $3,000,190 (10%) from December 3I,2023. Monthly fluctuations in cash and investments are the result of typical receipt of debt service repayment revenues and the subsequent debt service expenditures. The following table and graph illustrate the monthly balances and their respective percentage changes for the reporting period.

Folsom Public Financing Authority
2024-25
Monthly
Change 2023-24
Monthly
Change
Yearly $
Change
Yearly o/o
Change
Jul
Aug
Sep
Oct
Nov
Dec
$
$
$
$
$
$
29,231,861
29,231,870
26,231,819
26,120,947
27,822,105
26,126,510
$ 32,214,456
$ 32,214,464
$ 29,229,473
$ 29,120,340
$ 30,794,030
$ 29,726,161
g (2,982,595)
$ (2,982,595)
$ (2,997,594)
$ (2,999,393)
$ (2,971,925)
$ (3,000,190)
0%
-10%
0%
7%
-6%
0%
-9%
0%
6%
-5%
-9%
-9%
-t0%
-10%
-10%
-10%
Folsom Public Financing Authority Total Cash and Investments $40,000,000
s35,000,000
s30,000,000
s25,000,000
s20,000,000
JuI Aug Sep Ocf Nov Dec Jan Feb Mar Apr May Jun
a2022-23 s2023-24 a2024:25
The FPFA's projected cash needs for the next six months are sufficiently provided for by anticipated revenues and the liquidity of its cash and investments. 8 Page 86
03/11/2025 Item No.11.

Investment Performance
The FPFA's Portfolio Management Summary report for the month of Decembet 2024 is presented in attachment 1. The FPFA's investment earnings for the three-month quarter ended December 3I,2024 totaled $188,934. The effective rate of return for the FPFA investment portfolio for the same time period is 2.860/o.

Folsom Ranch Financing AuthoritY
Total Cash and Investments
The FRFA cash and investments totaled $172,920,000 as of December 3I,2024, an increase of $46,975,000 (37%) from the prior year. This increase is due to the issuance and purchase of $ 10,760,000 Community Facilities District No. 23 IA2 (Folsom Ranch) Local Obligations, the issuance and purchase of $26,735,000 Community Facilities District No. 18 (Folsom Plan Area - Area-Wide Improvements and Services) Local Obligations, and the issuance and purchase of $10,705,000 Community Facilities District No. 23 IA4 (Folsom Ranch) Local Obligations, less the maturin g of $1,225,000 of local obligations held by FRFA on September 1,2024.

The Authority's projected cash needs for the next six months are sufficiently provided for by anticipated revenues and the liquidity of its cash and investments.

Investment Performance
The FRFA's Portfolio Management Summary report for the month of December 2024 is presented in attachment 1. The FRFA's investment earnings for the three-month quarter ended December 3I,2024 totaled 5I,919,2I1. The effective rate of return for the FRFA investment portfolio for the same time period is 4.93o/o.

Safih of 50 Purking Authority
Total Cash and Investments
The South of 50 Parking Authority cash and investments totaled $0 as of December 3I,2024.

The Authority's projected cash needs for the next six months are sufficiently provided for by anticipated revenues and the liquidity of its cash and investments.

Investment Performance
There is no investment activity for the South of 50 Parking Authority 9 Page 87
03/11/2025 Item No.11.

ATTACHMENTS

1. City of Folsom, Folsom Redevelopment Successor Agency, Folsom Public Financing Authority, and Folsom Ranch Financing Authority Portfolio Management Summary December2024

2. City of Folsom Portfolio Holdings as of December 31,2024

3. City of Folsom Transaction Summary, Second Quarter of Fiscal Year 2025 Submitted,
Finance Director
Agency Finance Officer
Folsom Public Financing Authority Treasurer
Folsom Ranch Financing Authority Treasurer
South of 50 Parking Authority Treasurer
10 Page 88
03/11/2025 Item No.11.

ATTACHMENT 1

03/11/2025 Item No.11.

City of Folsom
Combined City of Folsom, Redevelopment
Successor Agency, FPFA & FRFA
Portfolio Summaries
December 31,2424
50 Natoma St
Folsom. CA 95630
(916) 461-6080
%ol
Portrolio
Book
Value
1,036,99200
17,698,687.32
4,993,480.55
29,52A,040,71
90,684,158.65
26,493,02 1.1E
75,381,20s.00
61,963,607.56
5 947 .417.28
1,134,007.07
2,591,295.00
a12,A77.'17

2.709.33
Book
Value
28,859.92
7,714.54
Market
Value
1,036,992.00
17,783,711.06
4,995,800.00
29,567,51 3.85
90,684,158.65
26,493,O2',1.18
74,710,648.75
61,527,736.00
4 qRR COO OO
ilarket
Valuo
1,134,007.07
2,591,295,00
a12,877"17
2,709-33
Market
Value
28,859.92
7,710.54
ta nqo onn oo
illarket
Value
Accrued
lnt6rest
Accrued
lnterest
Accrued
lnterest
Accrued
lnterest
]F@]LS(}MT
of Folsom
Cash
Cediiicate Of Deposit
Commercial Paper
CorpoEte Bond
Local Govemment lnvestment Pool
Money Market
Municipal Eond
US Agencies
US Treasuries
Cash
Non-Housing 201 1A Proceeds
Housing 20118 Proceeds
Money Markel
Total / Avelage
Public
Cash
Money Market
MunicipalBond
Total I Average
Folsom
MunicipalBond
Total / Average
YTM IiD COSI
Face AmounU
Shares cost Value
1,036,992.00
17,690,305.24
4,837,08',l.25
29,775,765"65
90,684,158.65
26,493,021.1E
74,183,321.65
6 t,704,690.65
1,134,007 "O7
2,59't,295.00
812,877.17

2.709.33
Cost Value
28,859.92
7,710.54
,A noo nnn nn
Cost Value
Days to
Maturitv
Days to
Maluritv
100,216.58
226,046.54
189,470.45
640,059.44
640,178.90

20.E52.90

0.33 5.59

1.58 9,54

28.62 8.36
24,47

19.62 189
0,1 1
0^03

99.85 4.262%
4"208o/o

5.411%

3.8260/o

4.633Vo

4.529o/o

3.8097o

4.059%
4"570%

4.3600/0

4.360%

4.3600k

4.3400/o
1,036,992.00
17,711,000.00
5,000,000.00
30,223,000.00
90,664,'t58-65
26,493,O21.'18
77,525,AOO.00

62.'t50,000.00
't,134,007.07
2,591,295.00
g'12,877.17
2,709.33
1 750
645
I
1 784
884
7AO6 000.000_00 5 C32 001 25

4.218% I 3,16,823,17',t.83 $ 312,337,337.52 I 314'126'610.25 Book
I 309,5s9,571.09
4,538,179.24
28,859.92
s 314,126,610.2s
Cost value
Book
Value
9 312,8E8,481.49 482 $ 1,817,624.81
%of
Portfolio
lnterest

98.550,6
1,Mo/a
o.01%

0.000/,
100.00%
,t00.00
Total Rate
of
City of Folsom Cash and lnvestmenls (exduding RDSA' FPFA & FRFA amounts) Redevelopment Sucessor Agency (included in RDSA lnvestment RePort) Public Financing Authorily (included in PFA lnvestment RePort) Folsom Ranch Financing Aulhority (included in FRFA lnvestmeni Report) Total Pooled Equity
Face AmounU
Successor Adencv VTM.A Cost Shares
%ol
Portfiolio
1 I
I
1 24.97

57.07 17.90

0.06 100.00
%ot
Poilfolio

4.380% $ 4,540,888.57
Cost
Face AmounU
Shares
2E,E59.92
7,710.54
,6.6C0.OOO.OO

2.761% $ 26,126,570.46 $
Face Amounu
Shar€s
$ 4540,888.57 i 4,s40,888.5? $ 4,540'088.57 r$
td
Day6 to
MaitrritvFinancind Authoritv YTM
Ranch Financino Authoriw

4.360%

4.336%

2.759o/o
1 1
181 I2A OqO O00 00 239.953.00
26,126,570.46 $ 26,126,570..16 $ 26,126,570.46 1816 $ 239'9S1.00 r00.00 %ol
Portfiolio
100.o0
YTM @ Cost
Book
Value
Days to
Maturitv
3**-

4.8079/" 172.920,ffiO.00

4.807% I 172,920,000.00 3 172,920,000.00
Februarv 26,2025
172 920 000-00 172.920.000.00 172920.OOO,OO 7160 2.438.041.65 2 $ 6,496,364.75
'103,538.09
3A4,544"21

3.537.41E-8,!.

Stacey Tamagni, Finance Director Date
s 172,920,000.00 $ 172,920,000.00 7160 I 2138'041.55 100.00

03/11/2025 Item No.11.

ATTACHMENT 2

03/11/2025 Item No.11.

City of Folsom
Portfolio Holdings
Portfolio Holdings for lnv. RePoft
Report Format: By Transaction
Portfolio / Report Group: City of Folsom
GrouP BY: Security TYPe
Average By: Face Amount / Shares
As ol 1213112024
lssuer Coupon
RatoDescriptlon
o.oool 36,992.001 o.o1Wells FarqoWells Fargo Cash

4.4zol 1,ooo,ooo.ool 0.32Wells FargoCash

4.2621 1,036,992.001 0.33
Total /
243,000.00 0.085.250Advia CU
249,000 00 0.084.600Alaska USA FGH4.6 3181202A

0.084.950 249,000.00Alliant

0.082.950 248.000.00Ally Bank
5 il11
121912025 0.083.1 50 246,000.00nrneiEan Express National Bank

0.0E5.050 248,000.00uslin TelcoAustin Telco 5.05 1112712026

0.08 5.1 50 243,000.00Bank of America NAof America NA 5.1 5 1A2912025 248.000.0rBankers' Bank of the West 5.000
247.OOO.O0 0.081.950Barclays Bank

0.084.700 244,000-00Beal Bank4.7

4.7 5

1.95 22312027
0_0E4.700 244,000.00eal Bank USA

0.0E4.200 244.000.00
244.000.00 0.084_600BMO Harris Bank NAs1812026

0.082.500 246,000.00BMW Bank of North AmericaAmerica 0,08243,000.005.650 Bank
California CIJ 5.85 1012712025

0.083.500 245,000.00NAOne NA 3.5
Bank
245.000.0 0.084.000Celtic BankBank 4 0,06244,000.004.E00CFSBank 243,000.00 0.085.400Charter oak CU5.4 ?J1

0.085.25C 248,000"00Chartway CUu 5.25711412025 0.084.75C 244,000.00CIBC Bank USActBc Bank USA 4,75 312412028

0.085.400 249,000.00Clearpath FCU
249,000.0r 0_06omenitv CaDiial BankGfrEniw Capitat eank 23 a/t+lzoze 0.083.400 249,000,00;onnexusConnexus 3.4 0.08244,000.004_500Custom€rs Bank412028customers 0.085.700 248,000.00Direct FCU

0.083.200 246,000.00Discover Bankil1912427Bank 0.084.500 247,000.ooDort Financial4.5 141 0.084.500 249,000.00Eaqlebsnk4.5 0.082.900 246,000.00Eaglemark Savings Bank2.9 611312A25 244,000.0 0.084.350:nterDrise Bank

0.084"650 244,OOO.OAFirst Family FCU1t1 0.084.700 249,000.00First FederaiE ings Bank4- 0"084.700I 244,000.0cFirst Foundation Bank4.7

4.500 244,000.0cFi'sTnational Bank of Middle TonnesseeNational Bank

3.100 249,000.0cGreenState CUffiSiffil slt+rzozz 249,000.00Jonesboro State Bank 1.100 244,000.0 0.084.300JPMoroan Chase Bank NA
1 121812026
NA 4.3 0.08249,000.00Lafayefte FCU 3.200c-z 0,084.350LCA Bank Corp4.35 1

0.02.550 246.000.00Leed€r Bank NABank NA

5.000 248,000.00Leaders CUcu 5 8/30/2028
249,000.004.350Libertv First CU

5.2 11 243,000.00 0.085.200Monticetlo Bankins Co.

0.08248,000,005.650Numerica CU1111012025 0.085.000 243.000.00Ootum Bank, lnc-lnc. 5 1

0.081.400 249,000.00Pentagon FCU1.4
244.000.00 0.084.600Pinnacle BankPinnacle Bank 4.6 5lEl2O26 0.08247,000.00 249.000.00 0.084,000Prefened Bank

0.084.650 249.000.00Raiz FCURaiz FCU 4-65 511112026

03/11/2025 Item No.11.
ol13l202A Red Crown CU 5.400 248,000,00 0_08
Red

4.5 aco a Biddeford Svq 4.500 244.000.00 0.08
Bank Safra National Bank of NY 2.000 247,000.00 0.08
SiiiE tr,tae gant< +s zltzlzoz9 Sallie Mae Bank 4.500 244,000.00 0.08 Bank

4.250

4.S00
249.000.00
244,0O0.00

0.08 0.08

4. FCU 3.4
Bank 5.1 1
Straronvienv fCU 3.400 249.000.00 0.04

5.100 243.000.00 0.08
Teachers CU 4,750 248.000.00 0.08

3.85 Siate Bank of lndia Chicago 3.850 245,000.00 0.08
3_35 SGte eank of tndia tlY 3.350 245,000.00 0.08

4.8 State employees CU 4.800 248,000.00 0.08
5 Svnchrony Bank 5,000 243,000.00 0.0E
Texls Exchange Bank, SSB 1.250 249,000.00 0.08

4.4 511Bowes ttre Pitnev Bowes Bank, lnc. 4.409 244,000.00 0.08

3.5 Third Federal S&L of Cleveland 3.500 245,000.00 0.08

4. 1 UniBank 4.754 244,000.00 0.08

3.45 4,6 Bank

3.450

4.600
245,000.00
244,000.00

0.08 0_08
Valley National Bank 4,6 3/5/2027
Westem Alliance Bank 5.05 611312A25 Western Alliance Bank 5.05C 243,000.00 0.08

4.179 17.71 1.000.00 5.59

0.790"000 2,500,000.00Natixis NY

0.790.000 2,500,000.00Natixis NY

5.000.000.00 1.580.001
J

0.Bank ofBank of

4.5t5t2026-22Bank 0.1

1.22311
1 1.22311
of Montrealof Montreal
1 0.s25t2024-26 0.331FinanceFinance 0.632,2.8711812029
&Co2.95
1 Bank
1 0.47LifeLife GF 1.2
1BankBank 3,25 0.3t1

0.5. 1 00
3 CreditCredit 1t512029

0.32I254 12t1112026

3.301

1.75 2t2512025 0.63000

2.8 11 0.63

3.875 0.634.0004

4.250
000,004.
311812027-25
7t1512027-25 0.63
5,51 6.00
Total /

0.160.700 500,000.00FHLBFHLB 0.7 0.631.375 2,000.000.00FHLB1

2.970FHLB
FHLB
12712026-23
3 1,000,000.00 o.323.200FHLB
o.323.500 '1,000,000.00FHLB

1.250,000,00 0.394.000FHLB
5 3.000.000.00 0.954.000FHLB

0.953,000,000.004"704FHLB4"7

03/11/2025 Item No.11.
3,000,000.001 0.955,250FHLB5.25 3,000,000.001 o.ss5.300FHLB

2.000.000.001 0.632.000FHLB-23 2.000,000.001 0.63'1.300FHLB 2s,7s0,000.001 8.133.537Bond

0.323.4501 1,000,000.00FHLMC

3.7501 1,500,000.00 0.47FHLMC3.75 1 0.76
-' 4.0001 2.4oo,ooo.ooFHLMC4 0.4a.oool 1.5oo,ooo.ooFHLMCFHLMC 4 0.954.3001 3,000,000.00FHLMC4.3 1 a324.3001 1,000,000.00FHLMC
o.954.3001 3.000,ooo.ooFHLMC7t2028-25 4.oEEl 13,400,000.0( 4.23 0_630.375 2.000,000.00FNMA0.375 2.000,000.00 0,635-000FNMAs-255 4.000,000.00 1.262.688FNMA

18.954.6391 60,052California GLASS;alifornia CLASS LGIP 1 8.954.63e1 60,0s:Total /
71LAIF-City-Quarterly
I.AIF-FPFAlP-Quarterly 9.6730Pool -
254.732.32 1.974.520 A
Wells Fargo
t38.288.86 6.394.520 2AWells Fargo
26 493,021,18 8.364.520

3.46 Alameda County GOBs 3.460 500.000.00 0.16
ccD 2.016
AIVord USD GOBS 1"062 0.40
Comm, 1t2026-24 Atascadero Comm. RDA-SA 5,000 1 50.000.00 0.05 3evbrly Hills USD 2.6s sl1l2o25 Hills
Hills
2-650 780,000.00
1,000,000.00

0.25 ffiTSozzeYtlzozo ffiown Centvat Proi 0.751 1,865,000.00 0.59 ffi
CA St DWR Cent Val Proj 1.051 1,62s,000.0c 0.51
Ca.rson RORSA tngs 1.288 300,000.0c 0.09

0.819
1 t2028
9t1t2025Davis
Citrus CcD GOBS 0.819 400.000,00 0.13
CSU Revenue Bonds 1.521 2,000.000.00 0.63
CSU Revenue Bonds 2.084 1,650,000.00 o.52

2.250 1 ,315,000.00 0.42
ttavrs RDA-SA TABs 2.000 435,000,00 0.14
12025 Dixon USD 0.953 1 00,000.00 0.03
USD lmp Folsoa Cordova USD lmp Dist 2 2.000 1,040,000.00 c ope ESD 0.970 300,000,00 0.09
ooe ESD 1.170 285,000,00 0.09

1.766 811
81112026
8t1t2028-23
Livermore Valley Joint USD 1.766 1,690,000.00 0.53
Marin CCD GOs 0_679 900.000.00 0.28
Marin CCD GOs 3.372 1,000,000.00 o.32
USD 2,203 Moreno Valley USD 2.203 100.000.00 0.03
usD 2.328
RDA-SA
:reno Vattev USD 2.32E 1 10,000.00 0.03
Hiil 0.961 1.425.000.00 0.45
Novato RDA-SA 2,420 1,545,000.00 0-49
8t112025 Oxnard UHSD 1.256 500,000.00 0.16
Palomar CCD 0.881 300,000.00 0.09
Sanitation 12111202 Sacramento Res. Sanitation District 1.042 2,305,000.00 o.73 San Bmadino City USD 6.500 s00,000.00 0.16
USD
191112025
Jose
San Bernadino City USD 6,500 300,000.00 0.09
San Jose Evergreen CCD 0.921 1,000,000.00 0.32
San Jose Everqreen CCD 5-070 1.500,000.00 o.47
san Jose
176
San Jose RDA-SA 3.076 1.1 70.000.00 0.37
San Jose RDA-SA 3.17e I 2,170,000.00 0.68

3.226 San Jose RDA-SA 3.22 1.500.000.00 o.47
Jose RDA-SA An Jose RDA-SA 3.226 1 0.32
lA-spa:sEt;2o2A San Jose RDASA 3.250 2,000,000.00 0.63

03/11/2025 Item No.11.
ian Jose USD 1.014 81112027 San Jose USD 1.014 700,000,00 0.22 Santa Ana Comm RDA-SA 3.967 1,485,000.00 o.47
Barbara 4,1 Santa Barbara CCD 4.125 1.000.000,00 o.32
santa earbaraTc o + t zs a h nozz Santa Barbara CCD 4.125 750,000.0 o.24 Santa Barbara CCD 437 8nf2o25 Santa Barbara CCD 4374 750,000.00 o.24 Lease
,l Santa Clarita PFA Lease Rev 1.176 360,000.00 0.11
ccD 3.697 Santa Monica CcD 3_697 'r.000.000.0c o.32
SL of 101112025
Santa 1.O47
ffi

2.000.000.01 0.63
of St of Hawaii GOBs 4.378 2.000,000.00 0.63
St. of Texas GOB's 3.011 101112026-25 it. of Texas GOB'S 3.011 2.000,000.00 0,63 GOBS 5 '10/1 St. of Texas GOBS 5.000 785,000.00 0.25
State of California GO 1.700 2,000,000"00 0.63
ffii c'atitornia co 177 l2o2a State of Califomia GO 1.700 1.500.000.00 4.47 State of California GO 2.375 101112026 State of California GO 2.375 1.600.000.00 0.51 State of Califomia GO 2.375 101112026 State of Califomia GO 2.375 81 5,000.00 0.26 SEte of califorriit Ga 3.os 41112029 State of California GO 3.050 2,000,000.00 0.63 GO 3-375 itat€ of California GO 3,375 2,000,000.00 0.63 GO 4.846 State of California GO 4.846 1,000,000.00 o.32 ffizg Slate of California GO 5 100 1.410.000.00 0"45
of Delaware 12028 State of Delaware GOB'S 4.450 1,500,000.00 0.47 Sorinqs USD 5.285 91112025 ulDhur Springs USD 5.285 265,000.0 0.0€ 7t1t2025
AX 3.063
UC Reqents GRBS Ser Ax 3.063 965,000.00 0.31
UC Regents GRBs SerAX 3.063 2.000.000.00 0.63
GRBS Ser BG 1,316 UC Reoents GRBs Ser BG 1.316 1,000,000,00 0.32 Ser UC Reoents GRBS Se. BG 1.316 1,000,000.00 0.3
5t2028 Uc Reoents MCPRBS Ser M 2.659 900.000.00 a2E
ccD 2.317 Ventura CGD 2,317 2.180.000.0 0.69
Yosemite CCD 1.35 81112026 Yosemite CcD 1.350 680,000.00 0.21 Yosemite CCD 1.35 81112026 Yosemite CCD 1.350 820,000.00 0.26 Yosemite CCD 1.689 81112025 Yosemite CCD 1,689I 75o,ooo.oo 0.24 1 Yosemite CCD 1-912 250,000.00 0.0E
ccD2.082 Yosemite CCD 2.O8 2.000.000.00 0.63

2.544 77.525.000.00 24.47
I IBdSUt
0,954.125Treasuryr-Note tjzsl'nttzozz 0.954.250 3,00cTreasuryT-Note4.2s 1213112025

6.00c 1,894.1 86SuE Total / Averaoe Treasurv Note
3:7"24 31G:8t 100.o0foHl,tAvsre'!6

03/11/2025 Item No.11.

ATTACHMENT 3

03/11/2025 Item No.11.

City of Folsom
Transactions Summary
Transaction Summary - lnvestment Report
Portfolio i Report Group: City of Folsom
GrouP BY: Action
Begin Date: 1010112024, End Date: 1213112024
Descrlption Security Type Seftlcment
Date Maturlty Date Face
AmUSharss Prlncipal vrM@
Cost
Coupon
Rate
}|Jr'
FHLMC 4.3 12t20t2029-25 FHLMC Bond 1212012024 12t2012029 3.000.000.00 2,970,900.00 4.519 4.300 San Francisco FCU 4.25 1112912027 Certificate Of Deposit 11t2712024 11t25t2027 249,000.00 249,000.00 4.250 4.250 Santa Barbara CCD 4.125 81112026 l\tlunicipal Bond 10t31t2024 811t2026 1.000,000.00 1.000,000.00 4.125 4.125 Santa Barbara CCO 4.1.25 81112027 l\Iunicipal Bond 10t3112024 8t112021 750,000.00 750,000.00 4.125 4.12 Santa Barbara CCD 4.37 81112025 lvlunicioal Bond 10t31t2024 8t1t2025 750,000.00 750.000.00 4.370 4.370 SL of Hawaii GOBs 4.278 10t112025 [ilunicioal Bond 12t18t2024 10t1t2025 1,000,000.00 1.000.000.00 4.278 4.278 St. of Hawaii GOBI 4.378 41112025 iuniciDal Bond 12t18t2024 4t1t2025 2,000,000,00 2,000,000.00 4.378 4.378 State of CalifomiaGO 1.7 21112028 lvlunicipal Bond 10t1612024 2t1t2028 1.500,000,00 1,394,280.0( 4^006 1.700 Sub Total / Averaoe Buv 1 0,249,000.00 10,1 14,180.0(
Called
Bank of America CorD 5.5 511612025-24 Corporale Bond 11t1612024 5t1612025 '1.000.000.00 1.000.000.001 0.000 5.500 FHLB s.4 5t912025-24 FHLB Bond '11t9t2024 5t9t2025 3,000,000.00 3.000.000.001 0.000 5.400 FHLB Step 211812025-22 FHLB Bond 11t18t2024 2t18t2025 1.350,000.00 1.350,000.001 0.000 0.750 FHLMC 5.35 1 t27 12426-23 FHLMC Bond 10t27t2024 1t2712026 2.000,000.00 2.000,000.00t 0.000 5.350 FNMA 5.65 1 1 127 12028-24 FNMA Bond 11t27t2024 11t27t2028 1,000,000,00 1.000.000.00t 0.000 5.650 Renasant Bank 5 1 1 12412025 -23 Certific€te Of Deposlt 11123t2024 11t24t2025 243,000.00 243,000.001 0.000 5.000 Sub Total / Averase Called 8,593,000.00 8.593,000.00t

2.500.000.00 0.000 0-000Commercial Paper 12t312024 12t3t2024 2,500,000.00Credit Aqricole CIB NY 0 121312024 615.000.00 0.000 0.563't1t1t2024 11t1t2024 615,000.00CSU Revenue Bonds 0.563 111112024 Municipal Bond

0.000 0-685'11t1t2024 11t1t2024 500,000,00 500,000.00CSU Revenue Bonds 0.685 1'll1l2o24 Municipal Bond 0-00c 5.500'1112512024 11t25t2024 2,000,000.0c 2,000,000.00FFCB 5.5 11125t2024 FFCB Bond 12t17t2024 12t17t2024 2.000,000.00 0.000 0.600FHLB 0.6 1217/2024-21 FHLB Bond

3.30012t16t2024 12t16t2024 865,000.0c 0.00cState Street Coro 3.3 1211612024 8,480,000,0c 8,480,000.00Sub Tobl / Average Matured

03/11/2025 Item No.11.

This poge is intentionally left blCInk
to facilitate double- sided printing
ond minimize poper ttse.

CITY OF
DISTINCTIVE E.Y NATURE
FOLSOl\{

03/11/2025 Item No.11.