City Council - Successor Agency - Housing Authority
January 17, 2023

303 W. Commonwealth Ave. Fullerton, CA 92832
Annual Comprehensive Financial Report
Fiscal Year Ending June 30, 2022
City of
Fullerton,
California
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City Manager’s Office
303 West Commonwealth Avenue, Fullerton, California 92832-1775 (714) 738-6310  [email protected]  www.cityoffullerton.com

December 22, 2022

The Honorable City Council
Fullerton, California

On behalf of the City of Fullerton, I am pleased to present the 2021-22 Annual Comprehensive Financial Report (ACFR). This report serves to verify that all financial data has been prepared accurately and in accordance with all compliance requirements of the Governmental Accounting Standards Board (GASB), as well as provide an update to City Council and the residents of Fullerton on the status of the City’s financial position.

The City of Fullerton’s financial statements were audited by La nce, Soll, & Lunghard, LLP, a firm of licensed certified public accountants. The goal of the indepen dent audit is to provide reasonable assurance that the financial statements of the City of Fullerto n for the fiscal year ended June 30, 2022, are free of material misstatement. The independent audit invol ved examining, on a test basis, evidence supporting the amounts and disclosures in the financial stateme nts, assessing the accounting principles used and significant estimates made by management, and evaluati ng the overall financial statement presentation.

The independent auditor concluded, based upon the audit, that t here was a reasonable basis for rendering an unmodified opinion that the City of Fullerton’s fi nancial statements for the fiscal year ended June 30, 2022, are fairly present ed in conformity with generall y accepted accounting principles (GAAP).

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

GAAP also requires that management deliver a narrative introduc tion, overview, and analysis to accompany the basic financial statements in the form of a Manag ement’s Discussion and Analysis (MD&A). The City of Fullerton’s MD&A immediately follows the report of the independent auditors.

The independent audit of the financial statements of the City o f Fullerton is also part of a broader, federally mandated “Single Audit” designed to meet the special needs of federal grantor agencies as required by the Federal Single Audit Act. The standards govern ing single audit engagements require the independent auditor to report not only on the fair presentation of the financial statements but also on the audited government’s internal controls and compliance with lega l requirements, with special emphasis on internal controls and legal requirements involving the administration of federal awards. These reports are available in the City of Fullerton’s separately issued single audit report.

ECONOMIC CONDITION AND OUTLOOK

Fullerton is in northwestern Orange County, approximately 25 miles southeast of downtown Los Angeles.

The City is ideally located for transportation, bounded by 3 ma jor highways, and located 15 miles northwest of John Wayne Airport. On an average workday prior to the COVID-19 crisis, Fullerton’s Transportation Center served an average of 3,000 commuters on t he Metrolink and Amtrak trains.

Encompassing 22.4 square miles, the City has a population of 14 2,732, ranking it the 41 st largest in the
State and the 6th largest in Orange County.

Founded in 1887 and incorporated in 1904, Fullerton operates as a general law city governed by a non-partisan, five-member City Council elected to serve stagger ed four-year terms. As of November 2018, City Council members began to be elected by district within five electoral districts in the city. In April 2022, the Fullerton City Council completed its redistricting process and adopted a new district i

boundary map, which established a new election sequencing. Beginning with the November 2022 elections, the City Council Member seats for Districts 3 and 5 were up for election to serve four-year terms. In 2024 the remaining City Council Member seats for Districts (1, 2, and 4) will be up for election to serve four-year terms. Services provided by the City include police and fire protection, community development, water and sanitation services, construction and ma intenance of streets and infrastructure, recreational and cultural service s, library services, general g overnmental support, and a general aviation airport.

Major employers in Fullerton include California State Universit y, Fullerton, Fullerton Community College, St. Jude Hospital, Raytheon Systems Company, and AJ Kirkwood & Associates Inc. The City’s unemployment rate has decreased to 2.9%, a rebound from the COVID-19 pandemic, which is below the statewide rate of 4.2% as of June 2022.

Fullerton is also a major center of higher education in Orange County. California State University, Fullerton, and Fullerton Community College are located within t he City, as well as two private colleges/universities for a total enrollment of 61,190 students . As a result of the COVID-19 pandemic, educational institutions have modified traditional “in-class” l earning towards online and hybrid classes. As campus education return to pre-pandemic levels, higher enrollme nt figures are anticipated which may result in further recovery for the economy in Fullerton.

Fullerton maintains a diversified tax base consisting of reside ntial, commercial, and industrial properties, which was impacted by the COVID-19 pandemic in previous years. However, the City’s major revenues such as property and sales tax have rebounded in FY 2021-22 to “pre-pandemic” levels. City major revenue increases are mainly due to increasing property values, and higher consumer confidence as restrictions from the pandemic subdue and consumer spending continued to spur a strong recovery in sales tax revenues. Sales tax h as also been aided by increased online point of sales purchasing from a new state sales tax law enacted on April 25, 2019 requiring online marketplace vendors to remit sales tax, resulting in increases to the City’s county pool allocations. D evelopment-related user fees have also increased as a result of cost recovery related fee increases ap proved and enacted in FY 2021-22 and continued development related activity and growth.

The City implemented several budget reduction strategies in FY 2021-22 and took steps to align its budgeted operating expense with operating revenues. Some of the budget reductions implemented included unfunding of over 50 full-time equivalent (FTE) positi ons, utilizing anticipat ed vacancy savings from routine turnover, as well as various other operating expen se reductions. Strong revenue recovery, expense budget reductions, and higher than anticipated vacancy savings resulted in a positive net impact on the City’s General Fund in FY 2021-22.

The federal government provided states and local agencies acros s the nation with economic relief from the COVID pandemic through the American Rescue Plan Act (ARPA). T h e C i t y w a s a l l o c a t e d $32.7 million of which the first tranche of $16.3 million recei ved in May 2021 and with the second tranche received in May 2022. On February 15, 2022, City Council appro ved the ARPA Spending Plan, which in addition to appropriating funds toward revenue losses, the City obligated funds toward improvements of the City’s street infrastructure, water main replacements, and critical information technology network upgrades. ARPA funds also provided other forms of assistance to the community, by assisting residents through a utility subsidy grant program and other various initi atives including addressing homelessness issues and aid to non-profit organizations.

While City revenues rebounded to pre-pandemic levels in FY 2021 -22, the City is committed to further development of its long-range strategic and financial planning efforts as well as continual assessment and identification of further revenue enhancement and operational e fficiency opportunities to support financial stability in the fiscal years to come.
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FINANCIAL INFORMATION
Management of the City is responsible for establishing and main taining internal controls designed to ensure that the assets of the government are protected from los s, theft, or misuse, and for compiling sufficient reliable information for the preparation of the City of Fullerton’s financial statements in conformity with GAAP. Because the cost of internal controls sh ould not outweigh their benefits, the City of Fullerton’s framework of internal controls have been designe d to provide reasonable rather than absolute assurance that the financial statements will be free f rom material misstatement. Management is responsible for both the accuracy of the financial report and t he completeness and fairness of the presentation. As management, we assert that, to the best of ou r knowledge and belief, this financial report is complete and reliable in all material respects.

Budgetary Controls
The City maintains budgetary controls, the objective of which is to ensure compliance with legal provisions embodied in the budget approved by the City Council. Activities of the general fund, special revenue funds, debt service funds, capital projects funds, and all the proprietary funds are included in the annual appropriated budget. The level of budgetary control (that is, the level at which expenditures cannot legally exceed the appropriated amount) is established at both the fund and departmental level.

To ensure and provide fiscal transparency, staff presents quarterly financial reports to City Council. These financial reports demonstrate the City’s revenues and expenditu res progress throughout the year and may also include additional budget appropriation requests and a mendments, in which the City Council can amend the operating budget during the fiscal year. The City also maintains an encumbrance accounting system as another met hod of accomplishing budgetary control. Encumbrances set aside and reserve funds for a specific purpose or contractual obligation to help ensure appropriated budgets are not overspent and aid departments in budget monitoring efforts. Bu dgetary control is the responsibility of each respective department which is supported by the City’s Adm inistrative Services Department’s oversight and monitoring of citywide and departmental budgets throughout the year.

Financial Policies

General Fund Balanced Budget

It is the City’s policy to adopt a balanced budget in the Gener al Fund, where operating revenues are equal to, or exceed operating expenditures. In the event, a balanced budget is not attainable, and the cause of the imbalance is expected to last for no more than one year, the planned use of available fund balance (reserves) to balance t he budget is permitted. In FY 20 21-22, the City achieved a balanced budget and will end the year with a $4.7 million net operating surplus (including transfers ins and outs), primarily due to the City’s budget reduction initiatives implem ented in FY 2021-22 and the higher than anticipated vacancy rate resulting in greater than budgeted vacancy savings.

General Fund Reserve

To ensure that adequate funds be reserved for potential conting encies such as economic uncertainties or emergencies that might threaten the health, safety, and welfare of the community, the City Council established a policy requiring a minimum of ten percent (10%) a nd a goal of seventeen percent (17%) of annual General Fund expenditures be set aside as contingency reserves. As of June 30, 2022, the City’s General Fund balance, comprised of non-spendable, restricted, c ommitted, assigned, and unassigned balances totaled $25.3 million, of which $4.0 million is considered unassigned pending future City Council direction. Of the $25.3 million, the assigned fund balance for contingency reserves is approximately $17.7 million which is at the City’s goal of 17% contingency reserve level of General Fund expenditures in FY 2021-22. This will be the first year that the City met its goal for a 17% contingency reserve. The increase in overall fund balance over the prior year is primari ly due to higher than anticipated revenues received in FY 2021-22 from the City’s economic recovery from the pandemic, budget reduction initiatives implemented in FY 2021-22, and the City’s high vacancy rate resulting in higher than anticipated vacancy savings achieved in FY 2021-22.

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Debt Management

To ensure that City debt is issued and prudently managed to mai ntain a sound fiscal position, and to maintain the highest credit rating possible and assist the City in its financial flexibility to meet fiscal challenges and finance projects that promote and foster economi c growth, a debt management policy was implemented in July of 2020. It is considered sound fiscal practice and prudent financial management for the City to adopt a formal debt management policy that sets parameters for issuing debt, managing the City's debt portfolio, and provides guidance to Ci ty staff and decision makers to issue debt with respect to the City’s overall fiscal condition.

Purchasing

The City’s purchasing policy regulates its centralized purchasing system for the City to achieve the procurement of goods and services from the lowest responsible b idders based on price, specifications, product evaluation, and delivery. The purchasing policy of the City is developed to comply with state and federal procurement laws, promotes an open and competitive proc ess to purchase-procure goods and services without prejudice, and is geared to ensure accountability and establish strong internal controls to ensure purchases are made appropriately and within budget. A review of the City’s Purchasing policy and related procedures was initiated in FY 2021-22 with the goals o f implementing best purchasing practices to achieve improved efficiency, greater transparency, and ease of understanding.

Long-Term Financial Planning

As part of the City’s financial planning efforts, the City deve lops and employs several “long-term” financial planning tools, or financial forecasts, including a five-year a nd ten-year financial plan, as well as its Capital Improvement Plan (CIP) for its project planning efforts . The City’s financial forecasts are financial planning tools that provide the City’s financial outlook over a number of fiscal years in its efforts toward fiscal sustainability and transpar ency. A five-year plan is a “ medium-term” decision making tool that addresses near-term economic fac tors and a ten-year plan is a “ long-term” financial plan at a more macro-level that projects city finances several years out.

Five-Year Financial Plan

Staff normally presents a Five-Y ear Financial Plan or Forecast for the General Fund to the City Council during the annual Budget Adoption process to aid the City Council in decision making for the new fiscal year. The financial planning model incorporates several economi c factors such as (but not limited to):
standard revenue inflators for its major revenues of property a nd sales taxes as well as other revenues, employee growth and CalPERS retirement factors, and mild recess ion years and higher inflation along with positive or negative financial trends which allows staff t o reprioritize goals to stay within financial resources (revenues).

Over the past few years, the City has prepared several short an d long-term financial plans, including five, ten, and twenty-year financial forecasts. In FY 2021-22, an abridged “short-term” financial forecast was presented on April 26, 2022 at the FY 2022-23 Budget Study Sess ion in lieu of the five-year forecast largely due to the unknown and uncertain economic impacts and l ong-term effects of the pandemic. In FY 2022-23, the City will return to its customary financial planning practice and prepare its annual five-year financial forecast.

Five-Year Capital Improvement Plan (CIP)

The Five-Year Capital Improvement Plan (CIP) is the City’s capital projects planning vehicle and plan for its proposed infrastructure improvements throughout the City. T he CIP Budget is adopted annually with the adopted budget, and capital projects are appropriated for t he current year with a five-year projected funding plan for each project. The CIP plan links anticipated e xpenditures for infrastructure development with recommended projects and proposed funding sources. The Ci ty’s Infrastructure and Natural Resources Advisory Committee (INRAC) contributes to the City’s capital project efforts by reviewing the City’s deferred maintenance, inf rastructure, and street needs a nd makes recommendations to the iv

City Council. Additionally, the City has established a dedicate d Infrastructure Fund to begin addressing these ongoing challenges.

The General Fund Financial Forecast and CIP financial plans are both utilized as critical financial planning and long-term, decision-making tools for City Management and City Council.

115 Pension and 115 OPEB Trusts

The City has also established Pension and OPEB Trusts to set as ide funds to be used for specific benefit plan purposes, such as CalPERS contributions and post-employmen t benefits. In fiscal year 2020-21, $487,000 was transferred into the City’s IRS Section 115 Pensio n Trust using one-time savings from the Police Department salaries and benefits. In fiscal year 2018-19, $50,000 was transferred into the City’s IRS Section 115 OPEB Trust. The use of a 115 Trust helps the C ity segregate funds for essential functions. These funds, as they accumulate, can be utilized to help ease budgetary pressures from spikes in unfunded actuarial liabilities in the future.

Dedicated Infrastructure Fund

In addition, the City Council authorized the establishment of a dedicated Infrastructure Fund, effective in FY 2020-21, to allocate any supplemental or additional revenue from specific tax sources to prioritize local infrastructure improvement. In FY 2021-22, $480,688 was transferred to the Infrastructure Fund for vital ADA improvement projects . It is anticipated that $1 milli on to $2 million will be allocated to this new fund annually. The Infrastructure Fund will enable the City to set aside funding dedicated for infrastructure to better meet the service needs of the community and support t ransparency. The fund was adopted as Ordinance No. 3284 and is codified in the Fullerton Municipal Code as Chapter 2.48.380.

MAJOR INITIATIVES

Overarching to financial planning, is the establishment and adh erence to the City’s overall strategic priorities. These priorities were outlined during the 2017-18 fiscal year with the establishment of three strategic priority policy statem ents: 1) Fiscal and Organizatio nal Stability, 2) Public Safety, and 3) Infrastructure and City Assets. These strategic priority policy statements were more specifically defined through tactical goals and objectives that help ensure focus on established priorities.

In FY 2021-22 (February 2022), in preparation of the upcoming b udget, the City’s major policy priorities were revisited and taken back to the City Council to reaffirm a nd/or identify new priorities for the City. At this meeting, the three priorities of Public Safety, Infrastruc ture and Fiscal and Organizational Stability were once again identified as the top priorities for the City C ouncil. In addition, economic development, use of ARPA funds and revenue-generating opportunities were identified as other important priorities for the City.

Notwithstanding, these current policy statements, which are listed on every City Council agenda item, include:

Fiscal and Organizational Stability

Fiscal and organizational stability objectives and goals include implementing financial stability for the General Fund and establishing organizational stability through organizational reviews, fostering a positive and productive workplace, a fair and equitable collective barga ining process with all employee labor groups, and improvement of the employee performance review proc ess. In FY 2021-22, salary wage increases of 5.25% were approved by all labor groups. Other imp ortant initiatives in this area was the hiring of a permanent City Manager who began his tenure on May 10, 2022, the hiring and filling of the City’s Executive management team, as well as the continuous rec ruiting and filling of critical budgeted positions city-wide.

In order to address fiscal stability, the City Council also implemented budget reduction measures in FY 2021-22, which included the unfunding of 50
+ FTE positions and other operating reductions. The use v

of ARPA funds is also expected to supplement the City’s budget reduction efforts and be utilized as revenue replacement to stabilize government finances over the next few years if needed.

Public Safety

Public Safety is the number one priority of City government and constitutes over 70% of the General Fund budget. In June 2022, Fullerton and City of Brea ended its “sha red command” Fire structure and agreement, and the City now has a full “in-house” Fire Departme nt with all Fullerton Fire command staff.

In addition, a financial review of contracting fire services wi th Orange County Fire Authority (OCFA) was initiated in FY 2021-22 to determine any prospective financial and service benefit to the City. Based on review of this study, City Council voted to retain fire services in-house in FY 2022-23.

The Fullerton Police Department, along with the regional North Orange County Collaborative, have continued to work together over the last year to open the Homeless Outreach and Proactive Engagement Center (HOPE Center). The HOPE Center in F ullerton is located on city-owned property near St. Jude Hospital. The City has allocated vital funding towards the rehabilitation and refurbishment of the new building which will serve as a command center for case workers, healthcare, and outreach providers who will work together to assist the unh oused population in the North Orange County region. The HOPE Center project received funding from va rious sources, including the CARES Act, the County of Orange, and ARPA. The HOPE Center will also dispatch mobile homeless outreach units with healthcare professionals and homeless liaisons to bring resources to the community.

Infrastructure and City Assets

The City’s infrastructure (e.g., roads, flood and sewer control , city buildings, IT systems) is readily acknowledged as needing signifi cant repair/upgrade and signific ant amount of investment and additional funding. The City has already begun addressing this and there are several initiatives currently in process, including: the establishment of an Infrastructure Fund that redirects 50% of all sales and secured property taxes above an annually established baseline level to infrastru cture improvements, an assessment of building and maintenance and improvement needs, pavement manage ment plan, water and sewer master plans and fee studies, and various cost studies to ensure development/engineering and fire user fees are adequately charged for full cost recovery, as well as amended local zoning to apply TOT taxes to short-term rental properties in the city. In addition, in FY 2 021-22, $13.1 million of federal ARPA funds were obligated towards street rehabilitation projects and $3.0 million for water main replacements projects, which will assist in addressing critical needs in the City’s infrastructure in the short-term. Despite the one-time infusion of ARPA funds and ongoing initiatives, a greater amount of investment and additional revenue sources are needed to fully address the City ’s infrastructure needs on a long-term basis.

In addition, the Community & Economic Development Department continues to focus on attracting quality economic enterprises to the community and ensuring that all development occurs within proper zoning and safety standards. Significant projects in this area also need to be addressed and managed, including updating the City’s eight-year Housing Element, and dealing with issues related to residential subdivisions resulting from the passage of SB 9. In addition, new developmen t projects such as the Goodman Logistics Center, Fox Block Development, Fullerton Hub, and man y others are in critical development phases and should bring in significant value to the City. Econo mic development projects produce long-term value for the City’s tax base and attract quality new businesses to the City.

AWARD

Fullerton’s financial reporting efforts have been recognized by the Government Finance Officers Association (GFOA) with a Certificate of Achievement for Excellence Award for Financial Reporting in our annual comprehensive financial report for the fiscal year ended June 30, 2021. To be awarded a Certificate of Achievement, a government must publish an easily readable and efficiently organized annu
al comprehensive financial report. This report must satisf y both generally accepted accounting principles and applicable legal requirements.

vi

A Certificate of Achievement is valid for a period of one year only. We believe that our current annual comprehensive financial report continues to meet the Certificate of Achievement Program’s requirements and we will be submitting it to the GFOA to determine its eligibility for another certificate.

ACKNOWLEDGMENTS

The preparation of this annual financial report would not have been possible without the efficient and dedicated services of the City’s accounting staff, led by Fisca l Services Manager Toni Smart and Accounting Supervisor John Ji. Appreciation is also extended to each City department for their cooperation and assistance throughout the fiscal year in the ef ficient administration of the City’s finances.

We also wish to extend our appreciation to the Mayor and City Council for their leadership and support in providing sound financial guidance to the Fullerton Community.

Respectfully submitted,

E r i c J . L e v i t t E llis Chang
City Manager D i r e c t o r o f A d m i n i s t r a t i v e S e r v i c e s vii
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Government Finance Officers Association
Certificate of
Achievement
for Excellence
in Financial
Reporting
Presented to
City of Fullerton
California
For its Annual Comprehensive
Financial Report
For the Fiscal Year Ended
June 30, 2021
Executive Director/CEO
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4 CITY OF FULLERTON
Management’s Discussion and Analysis

The City of Fullerton offers readers of its financial statement s this narrative overview and analysis of the financial activities of the City for the fiscal year ended June 30, 2022. The City encourages readers to consider the information presented here in conjunction with add itional information furnished in the letter of transmittal.

Financial Highlights

 The City’s total assets and def erred outflows of resources exceeded its liabilities and deferred inflows of resources at June 30, 2022, by $549.1 million (net position).  The City’s net position totaled $549.1 million at June 30, 202 2, representing an increase of $73.4 million over the previous fiscal year primarily due to increased water rates, sales tax revenue growth, increases in development-related user fees, State grant revenues for the acquisition of land for the West Coyote Hills development project, return on pension pl an assets, and a decrease in worker’s compensation claim expenses. Of the total net position, $621.1 million is the City’s net investment in capital assets, while $42.7 milli on is restricted for specific governmental operations, leaving a $114.7 million negative unrestricted balance.
 As of the close of the current f iscal year, the City’s governmental funds reported combined ending fund balances of $62.3 million, an increase of $2.1 million in compa rison with the prior year. The increase is primarily attributable to sales tax revenue and development-rel ated user fee increases in the General Fund partially offset by salary wage increases for all labor groups and increases in maintenance and support costs. The General Fund reflects assigned fund balance of $18.6 million, which compares to assigned fund balance the previous year of $16.1 million, a res tricted fund balance of $1.5 million, a committed fund balance of $0.4 m illion, a nonspendable balance of $0.7 million, and an unassigned fund balance of $4.0 million for a combined total of $25.3 million, representing an increase of $4.7 million over the previous fis cal year. The increase of $2 .5 million in assigned fund balance is primarily due to City Council designation to increase contingen cy reserves to the city’s goal of a 17% reserve level.
 Long-term debt increased by $7.7 million in fiscal year 2021-2 2 due to the City’s Energy Efficiency Project.
 Capital assets increased by $32.9 million due to construction in progress for various street, storm drains, and road infrastructure projects and the purchase of land for the West Coyote Hills project.

Overview of the Financial Statements

This annual report consists of four parts: (1) management’s dis cussion and analysis (this section), (2) the basic financial statement s, (3) required supplementary information, and (4) an optional section that presents combining statements for other government funds.

The management’s discussion and analysis are intended to serve as an introduction to the City’s basic financial statements. The City’s basic financial statements com prise three components:
(1) government-wide financial statements, (2) fund financial st atements, and (3) notes to the financial statements. The annual report also contains other supplementary information in addition to the basic financial statements.

Government-wide financial statements. The government-wide financial statements are comprised of the Statement of Net Position and the Statement of Activities. The se two statements are designed to provide readers with a broad overview of the City’s finances, in a manner similar to a private-sector business.

5 The Statement of Net Position presents information on all of the City’s assets, deferred out flows of resources, liabilities, and deferred inflow of resources, with the differences reported as net position. Over time, increases or decreases in net position may serve as a useful indicator of whether the financial position of the City is improving or deteriorating.

The Statement of Activities presents information showing how the City’s net position change d during the most recent fiscal year. All changes in net position are reported as soon as the underlying event giving rise to the change occurs, regardless of the timing of related cash flows. Thus, revenues and expenses are reported in this statement for some items that will only result i n c a s h f l o w s i n f u t u r e f i s c a l p e r i o d s (e.g., uncollected taxes and earned but unused vacation leave). Both of the government-wide financial statements distinguish functions of the City that are principal ly supported by taxes and intergovernmental revenues (governmental activities) from other functions that ar e intended to recover all or a significant portion of their costs through user fees and charges (business- type activities). The governmental activities of the City include general government, public safety, public w orks, community development, human and leisure services, and refuse collection. The business-type act ivities of the City incl ude the water utility, sewer enterprise operations, airport, parking facilities, Brea Dam recreational facilities, and CNG station.

The government-wide financial statements include the City, Full erton Public Financing Authority, and Housing Authority. Although these entities are legally separat e, they function for all practical purposes as part of the City and, therefore, have been included as blended component units as an integral part of the primary government.

Fund financial statements. The statements focus on current available resources and are or ganized on the basis of funds, each of which is defined as a fiscal and ac counting entity with a self-balancing set of accounts established for the purpose of carrying on specific ac tivities or attaining certain objectives in accordance with special regulations, restrictions, or limitations. The funds of the City are divided into three categories: governmental funds, proprietary funds, and fiduciary funds.

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

Because the focus of governmental funds is narrower than that o f the government-wide financial statements, it is useful to compare the information presented f or governmental funds with similar information presented for governmental activities in the govern ment-wide financial statements. By doing so, readers may better understand the long-term impact of the g overnment’s near-term financing decisions.

Both the governmental fund balance sheet and the governmental fund statement of revenues, expenditures, and changes in fund balances provide a reconciliation to facilitate this comparison between governmental funds and governmental activities.

Information is presented separat ely in the governmental fund ba lance sheet and in the governmental fund statement of revenues, expenditures, and changes in fund balanc es for the General Fund; the Grants Administration Special Revenue Fund; American Rescue Plan Act ( ARPA) Fund, and the City Capital Proje
cts Fund, all of which are considered major funds. The rem aining governmental funds are combined into a single, aggregated present ation. Individual fund data f or each of these other governmental funds is provided in the form of combining statements elsewhere in this report.

Proprietary funds. The City of Fullerton maintains two types of proprietary funds. Enterprise funds are used to report the same function s presented as business-type ac tivities in the government-wide financial statements. The City uses enterprise funds to account for its water utility, airport, sewer enterprise, parking facilities, Brea Dam recreational facility operations, and CNG station. Internal Service funds are used to report any activities that provide goods or services to other f unds or departments on a cost-reimbursement basis. The City uses internal service funds to account for its liability insurance, vehicle replacement, 6 workers’ compensation insurance, group insurance, equipment mai ntenance, information technology, building maintenance services and facility capital repair. Proprietary funds provide the same type of information as the government-wide financial statements, only in more detail. The proprietary fund financial statements provide separate information for the airport, water utility and sewer enterprise, all of which are considered major funds of the City. Individual fund data for t he other enterprise funds is provided in the form of combining statements elsewhere in this report.

Fiduciary funds. Fiduciary funds are used to account for resources held for the benefit of parties outside the government. Fiduciary funds are not reflected in government-wide financial statements because the resources of those funds are not available to support the City’ s own programs. The accounting used for fiduciary funds is much like that used for proprietary funds.

Notes to the financial statements. The notes provide additional information that is essential to a full understanding of the data provided in the government-wide and fund financial statements.

Other information. In addition to the basic financial statements and accompanyin g notes, this report also presents certain required supplementary information concerning the City’s budgetary comparison schedules for the General Fund and each major special revenue fund.

The combining statements referred to earlier in connection with other governmental funds and enterprise funds are presented immediately following the notes to the required supplementary information.

Government-wide Financial Analysis

As noted earlier, net position may serve over time as a useful indicator of a government’s financial position.

In the case of the City of Fullerton, assets and deferred outfl ows of resources exce eded liabilities and deferred inflows of resources by $549.1 million at the close of the most recent fiscal year. The City’s net position increased by $73.4 million from the previous year due to increased water rates, sales tax revenue growth, increases in development-related user fees, State grant revenues for the acquisition of land for the West Coyote Hills development p roject, return on pension plan a ssets, and a decrease in worker’s compensation expenses.

($ in thousands)
2022 2021 2022 2021 2022 2021
Current and other assets $228,606 $183,727 $86,657 $60,969 $315,263 $244,696 Capital assets 497,694 476,068 140,539 129,310 638,232 605,378 Total assets 726,300 659,795 227,196 190,279 953,495 850,075 Deferred Outflows 31,806 31,980 2,963 2,975 34,769 34,955 Long-term liabilities 250,391 317,346 21,687 29,509 272,078 346,856 Other liabilities 62,675 40,501 12,661 11,405 75,336 51,906 Total liabilities 313,066 357,847 34,348 40,914 347,414 398,761 Deferred Inflows 72,080 9,252 19,705 1,513 91,786 10,765 Net position:

Net investment in capital asset 486,642 473,537 134,468 122,811 621,110 596,348 Restricted 42,422 41,442 260 289 42,682 41,731
Unrestricted (156,105) (190,128) 41,377 27,727 (114,727) (162,401) Total net position $372,959 $324,851 $176,105 $150,827 $549,065 $475,678 Net Position
Governmental Business-type
activities activities Total
7 ($ in thousands)
2022 2021 2022 2021 2022 2021
Revenues:

Program revenues:

Charges for services 42,268$ 39,588 $ 62,254 $ 56,854 $ 104,522 $ 96,442 $ Operating grants and contributions 12,589 13,978 108 - 12,697 13,978 Capital grants and contributions 20,434 3,725 4,930 1,302 25,364 5,027 General revenues: - -
Property taxes 50,894 50,150 113 8 8 51,007 50,238
Sales taxes 30,494 25,571 - - 30,494 25,571 Franchise taxes 4,468 4,382 - - 4,468 4,382 Other taxes 5,552 3,357 - - 5,552 3,357 Motor vehicle in lieu –
unrestricted 161 104 - - 161 104 Use of Money & Property 372 3,271 (861) 227 (489) 3,498 Return on pension plan investments 18,378 - 18,378 -
Other 1,148 541 798 172 1,946 713
Transfers 396 186 (396) (186) - -
Total revenues 187,154 144,853 66,946 58,457 254,100 203,310 Expenses: -
G
eneral government 7,941 7,814 - - 7,941 7,814 Public safety 74,950 83,200 - - 74,950 83,200 Public w or ks 24,819 24,617 - - 24,819 24,617 Community development 7,194 10,123 - - 7,194 10,123 Human and leisure 11,134 11,058 - - 11,134 11,058 Refuse collection 12,766 12,862 - - 12,766 12,862 Interest on long-term debt 240 336 - - 240 336 Water utility - - 31,070 32,167 31,070 32,167 Airport - - 2,228 1,953 2,228 1,953 Parking facilities - - 73 9 7 7 3 9 7 Brea Dam recreational
facilities - - 3,978 2,730 3,978 2,730 Sew er enterprises - - 3,579 3,412 3,579 3,412 CNG - - 285 170 285 170 Total expenses 139,044 150,010 41,213 40,529 180,257 190,539 Change in net position 48,110 (5,157) 25,733 17,928 73,843 12,771 Net position - beginning, restated 324,851 330,008 150,371 132,899 475,222 462,907
Net position - ending 372,960$ 324,851$ 176,105$ 150,827$ 549,065$ 475,678 $ Governmental Business-type Total
Changes in Net Position
activities activities

Governmental activities. The net position for governmental activities increased by $48.1 million over the prior year.

Total revenues reflect an increase of $42.3 million from the prior year. Most of the increase in revenues can be attributed to increased sales tax revenue growth, increases in development-related user fees, State grant revenues for the acquisition of land for the West Coyote Hills development project, and return on pension plan investments.

Total expenses decreased by $11.0 million from the prior year. The decrease was attributed to a decrease in workers compensation claim and pension expenses.

8 Charges for Services

22.6%
Oper. Grants &
Contributions

6.7%
Capital Grants &
Contributions

10.9%
Property Taxes

27.2%
Sales Taxes

16.3%
Franchise Taxes

2.4%
Other Taxes

3.0%
Motor Vehicle in lieu -
Unrestricted

0.1%
Use of Money
& Property

0.2%
Return on
Pension Plan
Invest.

9.8%
Other
Taxes

0.6%
Special
Items

0.2%

REVENUES BY SOURCE -

GOVERNMENTAL ACTIVITIES
FISCAL YEAR 2021-22

0 10,000
20,000
30,000
40,000
50,000
60,000
70,000
80,000
General
Government
Public
Safety
Public
Works
Community
Development
Human &
Leisure
Refuse
Collection
Interest on
Long-Term
Debt
Dollars in Thousands

EXPENSES & PROGRAM REVENUES -

GOVERNMENTAL ACTIVITIES
FISCAL YEAR 2021-22
Expenses Program Revenues

Business-type activities. The Business-type activities rep orted an increase in net positi on of $25.2 million. Revenues reflect an increase of $8.5 million, and expenses show an increase of $0.7 million.

The primary factor for increas ed revenues relates to updated wa ter rates that went into effect this fiscal year. Expenses increased mainly due an increase in maintenance and operations expenses. 9 Charges for Services
- Water

74.2%
Charges for Services
- Sewer

9.0%
Charges for Services
-A i r p o r t

2.8%
Charges for Services
-B r e a D a m

6.3%
Charges for Services
-O t h e r

0.2% Operating
Contributions &
Grants

0.2%
Capital Grants &
Contributions

7.3%

REVENUES BY SOURCE -

BUSINESS-TYPE ACTIVITIES
FISCAL YEAR 2021-22

0 10,000
20,000
30,000
40,000
50,000
60,000
Water Utility Airport Sewer Enterprise Brea Dam Other
Dollars in Thousands

EXPENSES & PROGRAM REVENUES -

BUSINESS-TYPE ACTIVITIES
FISCAL YEAR 2021-22
Expenses Program Revenues

Financial Analysis of the City’s Funds

As noted earlier, the City of Fullerton uses fund accounting to ensure and demonstrate compliance with finance-related legal requirements.

Governmental funds. The focus of the City’s governmental funds is to provide inform ation on near-term inflows, outflows, and balances of spendable resources. Such information is useful in assessing the City’s financing requirements. Unassigned fund balance may serve as a useful measure of a government’s net resources available for spending at the end of the fiscal year.

As mentioned previously in this discussion, the City’s governme ntal funds reported combined ending fund balances of $62.3 million, an increase of $2.1 million in compa rison with the prior year. Of that total, 10 $0.8 million is nonspendable beca use it represents inventory an d prepaid costs; $42. 4 million represents monies legally restricted by external agencies for debt service and specific programs or projects, $0.4 million is committed to city infrastructure projects, and $18.6 million represents funds assigned by the City Council for a contingency reserve, street and road improve ments, and Laguna Lake. The remaining balance of $80,000 is unassigned.

The City reports four major governmental funds:

The General Fund is the chief operating fund of the City. At t he end of the current fiscal year, this fund balance totaled $25.3 million. Of that amount, $17.7 million w as assigned to a contingency reserve, which is 17% of total General Fund expenditures. The General Fund’s reserve policy is to maintain a minimum reserve equal to 10% and strive to reach a level of 17% of total General Fund expenditures each year. The unassigned fund balance was $4.0 million. Revenues totaled $112 .1 million, while expenditures totaled $104.2 million. The increase in fund balance was attributed to an increase in sales tax revenue, developer-related user fees from the City’s economic recovery f rom the pandemic, and due to budget reduction initiatives and savings from vacant positions.

The Grants Administration Fund reflected a deficit fund balance of $(1.4) million due to uncollected receivables as of June 30, 2022. This total represents a decre ase of $0.4 million from the previous fiscal year. The decrease is attributed to grant funds available 60 days after the end of the fiscal year for grant related expenditures. The timi ng of reimbursable grant monies resulted in the deficit fund balance of $(1.4) million.

The American Rescue Plan Act Fund (ARPA) reflected a deficit fu nd balance of $(0.6) million due to unrealized investment losses on the first tranche of $16.3 mill ion received. The purpose of this fund is to account for the federal funds received to address the COVID-19 public health crisis. The City was awarded $32.7 million and received the first $16.3 million in FY 2020-2 1 and the remaining $16.4 million in May 2022. $31.7 million is recorded as unearned revenue on the bala nce sheet pending use for eligible expenditures.

The Capital Projects Fund reported a deficit fund balance of $( 0.4) million, decrease of $2.0 million from the prior year. The purpose of the fund is fo r the construction, acquisition, and/or improvements of the City’s capital assets. Funding for many of the projects comes from grants that operate on a reimbursement basis and timing of receipt of the funds can often overlap fiscal years.

Another fourteen non-major govern mental funds are combined for reporting purposes in the government-wide statements and in clude the Gas Tax; Drainage Ca pital Outlay; Traffic Safety; Park Dwelling, Asset Seizure; Refuse Collection; Air Quality Improve ment; Sanitation; Measure M2, Housing, FTV Cable – PEG Access, SB2/PLHA, West Coyote Hills Endowment, and Debt Service Reserve Funds.

Proprietary funds. The City’s proprietary funds provide the same type of informa tion found in the government-wide financial statements, but in more detail. The City’s proprietary funds contain six enterprise funds: water utility, airport, sewer, parking facilities, CNG s tation, and Brea Dam recreational facilities. The eight internal service funds are also proprietary funds and inc lude: liability insurance, vehicle replacement, workers’ comp, group insurance, equipment maintenance, informat ion technology, building maintenance, and facility capital repair.

Unrestricted net position of the enterprise funds totaled $37.6 million at the end of the year: $30.5 million for the Water Utility Fund, $2.4 million for the Airport Fund, $5.3 million for the Sewer Fund, ($0.3) million for the Brea Dam Fund, ($0.3) million for Parking Facilities Fu nd, and $27,000 for the CNG Fund. The total increase in net position for these enterprise funds was $24.3 million from the prior fiscal year.

Unrestricted net position of the internal service funds totaled $26.1 million at the end of the year:
$0.2 million for Liability Insurance Fund, $7.6 million for Veh icle Replacement Fund, $12.0 million for Workers’ Comp Fund, $1.6 million for Group Insurance Fund, $1.5 million for Equipment Maintenance 11 Fund, $1.4 million for Information Technology Fund, ($0.8) mill ion for Building Maintenance Fund, and $2.6 million for Facility Capital Repair Fund.

Fiduciary funds. The City reports three fiduciary funds consisting of three cu stodial funds and two trust funds. The custodial funds include Collections for Other Governments, Community Facilities District, and Assessment District Funds which account for amounts received for other governments and transactions associated with various Districts. These custodial funds have a net position of $1.3 million. One trust fund includes the OPEB-PARS Fund, which accounts for the post-employ ment benefits, net position of $0.06 million. The Successor Agency Trust Fund accounts for all transactions associated with the Successor Agency to the Redevelopment Agency. The total net position at June 30, 2022 was $5.7 million.

General Fund Budgetary Highlights

The General Fund ended the fiscal year with a fund balance of $ 25.3 million, reflecting an increase of $4.7 million from the prior year. Total revenues increased by $10.8 million, and expenditures increased by $6.2 million over the prior year. The increase in revenue in c omparison to the prior year is due to sales tax revenue growth and increases in development-related user fees. Expenditure increases are due to salary wage increases approved for all labor groups.

Capital Asset and Debt Administration

Capital assets. The City’s investment in capital assets for its governmental and business type activities as of June 30, 2022, totaled $638.2 million (net of accumulated de preciation), an increase of $32.9 million due to the purchase of West Coyote Hills and the start of the Airpo rt Runway Shoulder Enhancement project.

Additional information on the City’s capital assets can be foun d in Note 7 of the Notes to the Financial Statements.

($ in thousands)
2022 2021 2022 2021 2022 2021
Land 72,182 $ 54,198 $ 9,128$ 9,128$ 81,310$ 63,326$ Buildings 64,817 66,457 6,581 5,503 71,398 71,960 Improvements other than buildings 30,504 30,468 54,132 50,251 84,636 80,719 Machinery and equipment 11,444 10,597 1,193 1,188 12,637 11,785 Leasehold improvements 109 136 - 7 109 143 Infrastructure 98,456 98,238 46,388 43,741 144,844 141,979 Construction in progress 220,181 215,974 23,116 19,491 243,297 235,465 Total 497,693$ 476,068$ 140,538$ 129,309$ 638,231$ 605,377$ Capital Assets
(net of depreciation)
activities activities
Governmental Business-type Total

Long-term debt. At the end of the current fiscal year, the City has total long-term debt outstanding of $22.5 million, an increase of $7.7 million due to the start of the City’s Energy Efficiency project. Additional information on the City’s long-term debt can be found in Note 14 of the Notes to the Financial Statements. 12 ($ in thousands)
2022 2021 2022 2021 2022 2021
Revenue bonds - $ - $ 6,169$ 6,606 $ 6,169 $ 6,606 $ Judgement obligation bonds 5,232 5,649 5,232 5,649 Financing agreements 11,052 2,531 - - 11,052 2,531 Total 16,284$ 8,180 $ 6,169 $ 6,606 $ 22,453 $ 14,786 $ Governmental Business-type Total
Long-term Debt
activities activities

Economic Factors and Next Year’s Budget

Since the great recession, the City continues to struggle to ba lance expenses with revenues while striving to maintain a high level of ser vice. This difficult situation becomes even more strained as pension costs continue to escalate, and aging infrastructure needs to be addressed. The fiscal year 2022-23 General Fund budget was balanced by the implementation of budget reduct ion measures and transfers in from the American Rescue Plan Act Fund (ARPA). The City Manager is moving forward and continues to work with City Council to determine cost reductions and identify revenue generating options, along with a plan to apply ARPA funds towards revenue loss.

Requests for Information

This financial report is designed to provide a general overview of the City of Fullerton’s finances for all those with an interest in the government’s finances. Questions conce rning any of the information provided in this report or requests for additional financial information should be addressed to the office of the Director of Administrative Services, 303 W. Commonwealth Avenue, Fullerton, California 92832. 13 7+,63$*(,17(17,21$//</()7%/$1.
14 CITY OF FULLERTON

STATEMENT OF NET POSITION
Governmental Business-Type
Activities Activities Total
Assets:

Cash and investments 164,904,538$ 58,080,459 $ 222,984,997$ Restricted assets - cash held with fiscal agent 8,760,900 260,242 9,021,142 Receivables:

Accounts 22,261,634 12,333,420 34,595,054
Taxes 464,726 - 464,726
Accrued interest 106,455 63,714 170,169
Notes and loans 25,115,214 - 25,115,214
Accrued interest - Leases 98,404 25,979 124,383
Internal balances (3,538,187) 3,538,187 -
Inventories 315,784 56,223 372,007
Prepaid costs 2,898,914 19,619 2,918,533
Lease Receivable 7,217,581 12,279,324 19,496,905
Capital assets - not being depreciated 292,362,831 32,244,412 324,607,243 Capital assets - net of accumulated depreciation 205,330,903 108,294,095 313,624,998 Total Assets 726,299,697 227,195,674 953,495,371
Deferred Outflows of Resources:

Deferred charge on refunding 437,500 98,595 536,095
Pension deferrals 25,484,824 1,876,549 27,361,373
Other post-employment benefits deferrals 5,884,110 987,737 6,871,847 Total Deferred Outflows of Resources 31,806,434 2,962,881 34,769,3 15 Liabilities:

Accounts payable 12,610,019 10,101,255 22,711,274
Accrued liabilities 3,298,832 233,100 3,531,932
Accrued interest payable 67,755 86,669 154,424
Deposits payable 7,075,110 2,240,095 9,315,205
Intergovernmental payable 297,422 - 297,422
Deferred revenue 71,129 - 71,129
Unearned revenue 39,255,074 - 39,255,074
Noncurrent liabilities:

Due within one year: bonds, loans, claims,
compensated absences 8,304,918 696,209 9,001,127
Due in more than one year:

Bonds, loans, claims, compensated absences 42,807,428 5,890,918 48,698,346 Net pension liability 170,429,021 10,312,935 180,741,956 Net other post-employment benefits liability 28,849,654 4,786,639 33,636,293 Total Liabilities 313,066,362 34,347,820 347,414,182
Deferred Inflows of Resources:

Pension deferrals 57,716,776 6,536,178 64,252,954
Leases 7,073,641 11,952,847 19,026,488
Other post-employment benefits deferrals 7,289,807 1,216,376 8,506,183 Total Deferred Inflows of Resources 72,080,224 19,705,401 91,785,6 25 Net Position:

Net investment in capital assets 486,642,083 134,467,701 621,109,784 Restricted:

Community development projects 1,044,058 - 1,044,058
Public safety 297,973 - 297,973
Parks and recreation 2,229,184 - 2,229,184
Public works 20,439,554 - 20,439,554
Capital projects 1,020,065 - 1,020,065
Debt service 205,907 260,242 466,149
Housing 12,913,930 - 12,913,930
Refuse collection 2,651,870 - 2,651,870
Library 738,475 - 738,475
Pension stabilization 501,509 - 501,509
Donations 379,500 - 379,500
Unrestricted (156,104,563) 41,377,391 (114,727,172)
Total Net Position 372,959,545$ 176,105,334 $ 549,064,879 $ JUNE 30, 2022
Primary Government
The notes to financial statements are an integral part of this statement. 15 CITY OF FULLERTON

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

Governmental Activities:

General government 7,940,606$ 1,592,802$ 1,881,352$ 750,000$ Public safety 74,949,953 8,283,991 728,425 -
Community development 7,194,383 5,977,018 3,445,042 -
Human and leisure 11,133,598 1,000,319 - -
Public works 24,819,303 11,685,934 6,534,008 19,683,794 Refuse collection 12,765,698 13,728,028 - -
Interest on long-term debt 240,538 - - -
Total Governmental Activities 139,044,079 42,268,092 12,588,827 20,433,794 Business-Type Activities:

Airport 2,227,525 1,885,119 108,527 4,731,456
Brea Dam Facilities Recreational 3,978,012 4,256,257 - - Water Utility 31,069,780 49,901,139 - 198,290
Parking Facilities 72,985 - - -
Sewer Enterprise 3,578,954 6,061,351 - -
Compressed Natural Gas Facility 284,690 150,102 - -
Total Business-Type Activities 41,211,946 62,253,968 108,527 4,929,746 Total Primary Government 180,256,025$ 104,522,060$ 12,697,354$ 25,363,540$ General Revenues:

Taxes:

Property taxes, levied for general purpose
Sales taxes
Franchise taxes
Other taxes
Motor vehicle in lieu - unrestricted
Use of money and property
Return on pension plan investments
Other
Transfers
Total General Revenues and Transfers
Change in Net Position
Net Position - Beginning
Restatement
Beginning of Fiscal Year, as restated
Net Position - Ending
Program Revenues
The notes to financial statements are an integral part of this statement. 16 Governmental Business-Type
Activities Activities Total
(3,716,452)$ -$ (3,716,452)$
(65,937,537) - (65,937,537)
2,227,677 - 2,227,677
(10,133,279) - (10,133,279)
13,084,433 - 13,084,433
962,330 - 962,330
(240,538) - (240,538)
(63,753,366) - (63,753,366)
- 4,497,577 4,497,577
- 278,245 278,245
- 19,029,649 19,029,649
- (72,985) (72,985)
- 2,482,397 2,482,397
- (134,588) (134,588)
- 26,080,295 26,080,295
(63,753,366) 26,080,295 (37,673,071)
50,893,765 113,521 51,007,286
30,493,831 - 30,493,831
4,467,509 - 4,467,509
5,551,739 - 5,551,739
161,078 - 161,078
372,207 (861,311) (489,104)
18,377,512 - 18,377,512
1,147,850 798,075 1,945,925
396,185 (396,185) -
111,861,676 (345,900) 111,515,776
48,108,310 25,734,395 73,842,705
324,851,235 150,827,420 475,678,655
- (456,481) (456,481)
324,851,235 150,370,939 475,222,174
372,959,545$ 176,105,334$ 549,064,879$
Net (Expenses) Revenues and
Changes in Net Position
Primary Government
The notes to financial statements are an integral part of this statement. 17 CITY OF FULLERTON

BALANCE SHEET

GOVERNMENTAL FUNDS
JUNE 30, 2022
General
Assets:

Cash and investments 28,478,212$ 2,258,982 $ 31,062,036$ Restricted assets - cash held with fiscal agents 544,589 297,422 - Receivables:

Accounts 9,048,170 2,322,684 -
Taxes 464,726 - -
Accrued interest 74,165 - 34,422 Leases 7,217,581 - -
Notes and loans - 13,349,448 - Due from other funds 413,248 - - Inventories 6,528 - - Prepaid costs 706,953 - - Total Assets 46,954,172$ 18,228,536 $ 31, 096,458$ Liabilities, Deferred Inflows of Resources,
and Fund Balances (Deficit):

Liabilities:

Accounts payable 3,807,767$ 154,209 $ 74,151$ Accrued liabilities 3,026,672 31,980 176 Deposits payable 7,059,128 3,432 - Due to other funds - - - Due to other governments - 297,422 - Unearned revenues 347,617 4,411,132 31,658,689 Total Liabilities 14,241,184 4,898,175 31,733,016 Deferred Inflows of Resources:

Unavailable revenues 364,779 14,728,994 - Leases 7,073,641 - -
Total Deferred Inflows of Resources 7,438,420 14,728,994 - Fund Balances (Deficit):

Nonspendable 713,481 - - Restricted 1,518,813 - - Committed 438,687 - - Assigned 18,569,739 - -
Unassigned 4,033,848 (1 ,398,633) (636,558) Total Fund Balances (Deficit) 25,274,568 (1, 398,633) (636,558) Total Liabilities, Deferred Inflows of
Resources, and Fund Balances (Deficit) 46,954,172$ 18,228,536$ 31,096,458$ American
Rescue Plan
Act
Grants
Administration
Special Revenue Funds
The notes to financial statements are an integral part of this statement. 18 CITY OF FULLERTON

BALANCE SHEET

GOVERNMENTAL FUNDS
JUNE 30, 2022
Assets:

Cash and investments
Restricted assets - cash held with fiscal agents
Receivables:

Accounts
Taxes
Accrued interest
Leases
Notes and loans
Due from other funds
Inventories
Prepaid costs
Total Assets
Liabilities, Deferred Inflows of Resources,
and Fund Balances (Deficit):

Liabilities:

Accounts payable
Accrued liabilities
Deposits payable
Due to other funds
Due to other governments
Unearned revenues
Total Liabilities
Deferred Inflows of Resources:

Unavailable revenues
Leases
Total Deferred Inflows of Resources
Fund Balances (Deficit):

Nonspendable
Restricted
Committed
Assigned
Unassigned
Total Fund Balances (Deficit)
Total Liabilities, Deferred Inflows of
Resources, and Fund Balances (Deficit)

Capital Projects
Fund
Other Total
Governmental Governmental
Funds Funds
6,170,452$ 25,668,927$ 93,638,609$
- - 842,011 3,981,365 6,869,076 22,221,295
- - 464,726 - 20,344 128,931
- - 7,217,581
- 11,765,766 25,115,214
- - 413,248 - - 6,528 51,811 - 758,764
10,203,628$ 44,324,113$ 150,806,907$
4,389,634$ 3, 032,434$ 11,458,195$
30,520 109,513 3,198,861
10,450 2,100 7,075,110
- 214,141 214,141
- - 297,422 2,813,027 - 39,230,465
7,243,631 3,358,188 61,474,194
3,353,702 1,536,023 19,983,498
- - 7,073,641 3,353,702 1,536,023 27,057,139
51,811 - 765,292
- 40,903,212 42,422,025
- - 438,687 - - 18,569,739 (445,516) (1,473,310) 79,831
(393,705) 39,429,902 62,275,574
10,203,628$ 44,324,113$ 150,806,907$
Capital
Projects
The notes to financial statements are an integral part of this statement. 19 7+,63$*(,17(17,21$//</()7%/$1.
20 CITY OF FULLERTON

RECONCILIATION OF THE BALANCE SHEET OF GOVERNMENTAL FUNDS

TO THE STATEMENT OF NET POSITION
JUNE 30, 2022
Amounts reported for governmental activities in the Statement of Net Position are different because:

Total Fund Balances - Governmental Funds 62,275,574$
Capital assets used in governmental activities are not financial resources and, therefore, are not reported in the funds. The details of this $489,996,836 are as follows:

Capital assets - not being depreciated 292,362,831$
Capital assets - being depreciated 478,822,009
Less: accumulated depreciation (281,188,004)
Net adjustment to increase Fund Balance - Total Governmental Funds to arrive at Net 489,996,836 Position - Governmental Activities
Other long-term assets are not available to pay for current period expenditures and, therefore, are reported as unavailable revenue in the funds. 19,912,369 Internal service funds are used by management to charge the costs of liability insurance, vehicle replacement, workers' compensation, group insurance, equipment maintenance, information technology, building maintenance, and facility capital repair to individual funds. The assets and liabilities of the internal service funds are included in governmental activities in the Statement of Net Position. The details of this $29,872,332 difference are as follows:

Net Position of the Internal Service Funds 33,609,626
Less: Internal payable representing charges in excess of cost to business-type activities - prior years (2,289,143)
Add: Internal receivable representing charges in less than the cost to business-type activities - current year (1,448,151)
Net adjustment to increase Fund Balance - Total Governmental Funds to arrive at Net Position - Governmental Activities 29,872,332
Deferred outflows and inflows of resources related to pensions and other post-employment benefits are only reported in the Statement of Net Position as the changes in these amounts only affect the government-wide statements for governmental activities. The details of this ($31,722,930) difference are as follows:

Deferred outflows of resources for pensions 24,755,030
Deferred inflows of resources for pensions (55,174,844) Deferred outflows of resources for other post-employment benefits 5,520,354 Deferred inflows of resources for other post-employment benefits (6,823,470) Net adjustment to increase Fund Balance - Total Governmental Funds to arrive at Net Position - Governmental Activities (31,722,930)
Long-term liabilities are not due and payable in the current period and, therefore, are not reported in the funds. The details of this ($197,374,636) difference are as follows:

Net pension liability (166,418,302)
Compensated absences (2,606,820)
Leases (1,409,648)
Claims and judgments (42,708)
Net other post-employment benefits liability (26,897,158) Net adjustment to decrease Fund Balance - Total Governmental Funds to arrive at Net Position - Governmental Activities (197,374,636)
Net Position of Governmental Activities 372,959,545$
The notes to financial statements are an integral part of this statement. 21 CITY OF FULLERTON

STATEMENT OF REVENUES, EXPENDITURES,

AND CHANGES IN FUND BALANCES

GOVERNMENTAL FUNDS
FOR THE YEAR ENDED JUNE 30, 2022
General
Revenues:

Taxes 86,939,335$ - $ -$
Franchise taxes 4,269,636 - -
Licenses and permits 2,736,503 - -
Intergovernmental 1,470,672 4,172,814 1,006,611
Charges for services 11,275,258 - -
Investment earnings 2,675,955 - (691,864)
Fines and forfeitures 1,560,603 - -
Miscellaneous 1,173,555 3,126 -
Total Revenues 112,101,517 4,175,940 314,747
Expenditures:

Current:

General government 6,621,526 - 676,655
Public safety 75,591,918 922,351 -
Community development 4,988,203 1,422,935 -
Human and leisure 9,165,659 104,336 -
Public works 7,512,297 130,766 -
Refuse collection -- -
Capital outlay 21,963 21,381 -
Debt service:

Principal retirement 259,240 - -
Interest and fiscal charges 46,895 - -
Total Expenditures 104,207,701 2,601,769 676,655
Excess (Deficiency) of Revenues
Over (Under) Expenditures 7,893,816 1,574,171 (361,908) Other Financing Sources (Uses):

Transfers in 361,742 - -
Transfers out (3,543,046) (1,957,310) (329,956)
Total Other Financing Sources (Uses) (3,181,304) (1,957,310) (329, 956) Net Change in Fund Balances 4,712,512 (383,139) (691,864) Fund Balances (Deficit) - Beginning 20,562,056 (1,015,494) 55,306 Fund Balances (Deficit) - Ending 25,274,568$ (1,398,633)$ (636,558)$ Special Revenue Funds
Grants
Administration
American
Rescue Plan
Act
The notes to financial statements are an integral part of this statement. 22 CITY OF FULLERTON

STATEMENT OF REVENUES, EXPENDITURES,

AND CHANGES IN FUND BALANCES

GOVERNMENTAL FUNDS
FOR THE YEAR ENDED JUNE 30, 2022
Revenues:

Taxes
Franchise taxes
Licenses and permits
Intergovernmental
Charges for services
Investment earnings
Fines and forfeitures
Miscellaneous
Total Revenues
Expenditures:

Current:

General government
Public safety
Community development
Human and leisure
Public works
Refuse collection
Capital outlay
Debt service:

Principal retirement
Interest and fiscal charges
Total Expenditures
Excess (Deficiency) of Revenues
Over (Under) Expenditures
Other Financing Sources (Uses):

Transfers in
Transfers out
Total Other Financing Sources (Uses)
Net Change in Fund Balances
Fund Balances (Deficit) - Beginning
Fund Balances (Deficit) - Ending
Capital
Projects Fund
Other Total
Governmental Governmental
Funds Funds
-$ 197,873$ 87,137,208$
-- 4,269,636
-- 2,736,503
19,289,549 9,820,169 35,759,815
78,997 21,643,174 32,997,429
- (116,339) 1,867,752
- 131,300 1,691,903
14,680 110,850 1,302,211
19,383,226 31,787,027 167,762,457
- 163,730 7,461,911
- 197,907 76,712,176
- 911,576 7,322,714
- 36,107 9,306,102
- 9,506,274 17,149,337
- 13,207,925 13,207,925
32,972,193 314,286 33,329,823
-- 259,240
-- 46,895
32,972,193 24,337,805 164,796,123
(13,588,967) 7,449,222 2,966,334
11,595,843 - 11,957,585
- (7,046,040) (12,876,352)
11,595,843 (7,046,040) (918,767)
(1,993,124) 403,182 2,047,567
1,599,419 39,026,720 60,228,007
(393,705)$ 39,429,902$ 62,275,574 $
Capital
Projects
The notes to financial statements are an integral part of this statement. 23 7+,63$*(,17(17,21$//</()7%/$1.
24 CITY OF FULLERTON

RECONCILIATION OF THE STATEMENT OF REVENUES, EXPENDITURES,

AND CHANGES IN FUND BALANCES OF GOVERNMENTAL FUNDS

TO THE STATEMENT OF ACTIVITIES
FOR THE YEAR ENDED JUNE 30, 2022
Amounts reported for governmental activities in the Statement of Activities are different because:

Net Change in Fund Balances - Total Governmental Funds 2,047,567$ Governmental funds report capital outlays as expenditures. However, in the Statement of Activities, the cost of these assets is allocated over their estimated useful lives and reported as depreciation expense. This is the amount by which capital outlays exceeded depreciation expense in the current period. The details of this $21,063,696 difference are as follows:

Capital outlay 32,628,822$
Depreciation and amortization expense (10,973,452)
Loss on disposal of capital assets (591,674)
Net adjustment to increase Net Changes in Fund Balances - Total Governmental Funds to arrive at Changes in Net Position of Governmental Activities 21,063,696 Revenues in the Statement of Activities that do not provide current financial resources are not reported as revenue in the funds. 1,361,780
Some expenses reported in the Statement of Activities do not require the use of current financial resources and, therefore, are not reported as expenditures in the governmental funds. The details of this $18,791,665 difference are as follows:

Compensated absences 201,985
Pensions 18,377,512
Other post-employment benefits (91,067)
Leases 259,240
Claims and judgments 43,995
Net adjustment to decrease Net Changes in Fund Balances - Total Governmental Funds to arrive at Changes in Net Position of Governmental Activities 18,791,665 The internal service funds are used by management to charge the costs of liability insurance, vehicle replacement, worker's compensation, group insurance, equipment maintenance, information technology, building maintenance, and facility capital repair to individual funds. The net revenue of certain activities of internal service funds is reported with governmental activities.

The details of this $4,843,602 difference are as follows:

Change in net position of internal service funds 6,291,753 Less: income from charges to business-type activities (1,448,151) Net adjustment to increase Net Changes in Fund Balances - Total Governmental Funds to arrive at Changes in Net Position of Governmental Activities 4,843,602 Change in Net Position of Governmental Activities 48,108,310$ The notes to financial statements are an integral part of this statement. 25 CITY OF FULLERTON

STATEMENT OF NET POSITION

PROPRIETARY FUNDS
JUNE 30, 2022
Assets:

Current Assets:

Cash and investments 2,986,957$ 44,711,913 $ 8,097,457$ Restricted assets - cash held with fiscal agent -- -
Accounts receivable 942,769 10,153,463 1,234,809
Accrued interest receivable 3,307 49,080 9,033
Accrued interest - leases 21,300 2,505 -
Inventory -- -
Prepaid items - 18,119 1,500
Total Current Assets 3,954,333 54,935,080 9,342,799
Noncurrent Assets:

Lease Receivables 10,316,510 1,050,918 -
Capital assets - net of accumulated depreciation 17,741,702 68,028,796 51,667,293 Total Noncurrent Assets 28,058,212 69,079,714 51,667,293 Total Assets 32,012,545 124,014,794 61,010,092
Deferred Outflows of Resources:

Deferred charge on refunding - 98,595 -
Pension deferrals 157,076 1,329,974 330,938
Other post-employment benefits deferrals 81,957 671,070 212,896 Total Deferred Outflows of Resources 239,033 2,099,639 543,834 Liabilities:

Current Liabilities:

Accounts payable 48,089 7,823,812 91,123
Accrued liabilities 17,246 162,294 44,056
Accrued interest payable - 67,968 -
Unearned revenues -- -
Deposits payable 72,614 2,166,621 640
Due to other funds -- -
Compensated absences - current 24,586 182,779 68,325
Claims and judgments - current -- -
Loans payable - current -- -
Bonds payable - current - 270,000 -
Total Current Liabilities 162,535 10,673,474 204,144
Noncurrent Liabilities:

Compensated absences 6,146 104,039 18,702
Claims and judgments -- -
Loans payable -- -
Bonds payable - 4,440,507 -
Net pension liability 863,243 7,309,121 1,818,727
Net other post-employment benefits liability 393,178 3,206,853 1,085,738 Total Noncurrent Liabilities 1,262,567 15,060,520 2,923,167 Total Liabilities 1,425,102 25,733,994 3,127,311
Deferred Inflows of Resources:

Leases 10,046,844 1,017,419 -
Pension deferrals 547,110 4,632,408 1,152,681
Other post-employment benefits deferrals 94,540 838,779 262,948 Total Deferred Inflows of Resources 10,688,494 6,488,606 1,415,629 Net Position:

Net investment in capital assets 17,741,702 63,416,884 51,667,293 Restricted for debt service -- -
Unrestricted 2,396,280 30,474,949 5,343,693
Total Net Position 20,137,982$ 93,891,833 $ 57,010,986 $ Adjustment to report the cumulative internal balance for the net effect of the activity between the internal service funds and the enterprise funds over time Net Position of Business-Type Activities
Business-Type Activities - Enterprise Funds
Water Utility
Sewer
Enterprise Airport
The notes to financial statements are an integral part of this statement. 26 CITY OF FULLERTON

STATEMENT OF NET POSITION

PROPRIETARY FUNDS
JUNE 30, 2022
Assets:

Current Assets:

Cash and investments
Restricted assets - cash held with fiscal agent
Accounts receivable
Accrued interest receivable
Accrued interest - leases
Inventory
Prepaid items
Total Current Assets
Noncurrent Assets:

Lease Receivables
Capital assets - net of accumulated depreciation
Total Noncurrent Assets
Total Assets
Deferred Outflows of Resources:

Deferred charge on refunding
Pension deferrals
Other post-employment benefits deferrals
Total Deferred Outflows of Resources
Liabilities:

Current Liabilities:

Accounts payable
Accrued liabilities
Accrued interest payable
Unearned revenues
Deposits payable
Due to other funds
Compensated absences - current
Claims and judgments - current
Loans payable - current
Bonds payable - current
Total Current Liabilities
Noncurrent Liabilities:

Compensated absences
Claims and judgments
Loans payable
Bonds payable
Net pension liability
Net other post-employment benefits liability
Total Noncurrent Liabilities
Total Liabilities
Deferred Inflows of Resources:

Leases
Pension deferrals
Other post-employment benefits deferrals
Total Deferred Inflows of Resources
Net Position:

Net investment in capital assets
Restricted for debt service
Unrestricted
Total Net Position
Adjustment to report the cumulative internal balance for the net effect of the activity between the internal service funds and the enterprise funds over time Net Position of Business-Type Activities
Governmental
Activities
Other
Enterprise Internal
Funds Totals Service Funds
2,284,132$ 58,080,459$ 71,265,929$
260,242 260,242 7,918,889
2,379 12,333,420 40,339
2,294 63,714 75,928
2,174 25,979 -
56,223 56,223 309,256
- 19,619 2,140,150
2,607,444 70,839,656 81,750,491
911,896 12,279,324 -
3,100,716 140,538,507 7,696,898
4,012,612 152,817,831 7,696,898
6,620,056 223,657,487 89,447,389
- 98,595 437,500
58,561 1,876,549 729,794
21,814 987,737 363,756
80,375 2,962,881 1,531,050
2,138,231 10,101,255 1,151,824
9,504 233,100 99,971
18,701 86,669 67,755
-- 24,609
220 2,240,095 -
199,107 199,107 -
10,519 286,209 -
-- 5,152,811
-- 117,561
140,000 410,000 432,167
2,516,282 13,556,435 7,046,698
2,630 131,517 -
-- 27,026,189
-- 9,524,442
1,318,894 5,759,401 4,800,000
321,844 10,312,935 4,010,719
100,870 4,786,639 1,952,496
1,744,238 20,990,492 47,313,846
4,260,520 34,546,927 54,360,544
888,584 11,952,847 -
203,979 6,536,178 2,541,932
20,109 1,216,376 466,337
1,112,672 19,705,401 3,008,269
1,641,822 134,467,701 7,508,007
260,242 260,242 -
(574,825) 37,640,097 26,101,619
1,327,239$ 172,368,040 33,609,626 $
3,737,294
176,105,334$
Business-Type Activities -
Enterprise Funds
The notes to financial statements are an integral part of this statement. 27 CITY OF FULLERTON

STATEMENT OF REVENUES, EXPENSES,

AND CHANGES IN NET POSITION

PROPRIETARY FUNDS
FOR THE YEAR ENDED JUNE 30, 2022
Operating Revenues:

Sales and service charges 1,885,119$ 49,901,139$ 6,061,351$ Interfund service charges - - - Miscellaneous 2,535 242,851 30,319 Total Operating Revenues 1,887,654 50, 143,990 6,091,670 Operating Expenses:

Maintenance, operations, and administration 1,824,542 12, 102,358 2,903,640 Cost of water - 18,406,714 - Claims expense - - - Depreciation expense 481,806 1,435,544 801,958 Total Operating Expenses 2,306,348 31, 944,616 3,705,598 Operating Income (Loss) (418,694) 18, 199,374 2,386,072 Nonoperating Revenues (Expenses):

Taxes 113,521 - -
Intergovernmental 108,527 - - Investment earnings 226,186 ( 893,017) (175,380) Interest expense - ( 216,918) - Gain (loss) on disposal of capital assets - - - Total Nonoperating Revenues (Expenses) 448,234 (1, 109,935) ( 175,380) Income (Loss) Before Transfers
and Contributions 29,540 17,089,439 2,210,692 Capital contributions 4,731,456 706,504 - Transfers in - - - Transfers out (8,681) ( 257,371) (130,133) Changes in Net Position 4,752,315 17, 538,572 2,080,559 Net Position - Beginning 15,385,667 76, 353,261 54,930,427 Restatements - - - Beginning of Fiscal Year, as restated 15,385,667 76, 353,261 54,930,427 Net Position - Ending 20,137,982$ 93,891,833 $ 57,010,986 $ Adjustment for the net effect of the current year activity between the internal service funds and the enterprise funds
Changes in Net Position of Business-Type Activities
Water Utility
Business-Type Activities - Enterprise Funds
Sewer
Enterprise Airport
The notes to financial statements are an integral part of this statement. 28 CITY OF FULLERTON

STATEMENT OF REVENUES, EXPENSES,

AND CHANGES IN NET POSITION

PROPRIETARY FUNDS
FOR THE YEAR ENDED JUNE 30, 2022
Operating Revenues:

Sales and service charges
Interfund service charges
Miscellaneous
Total Operating Revenues
Operating Expenses:

Maintenance, operations, and administration
Cost of water
Claims expense
Depreciation expense
Total Operating Expenses
Operating Income (Loss)
Nonoperating Revenues (Expenses):

Taxes
Intergovernmental
Investment earnings
Interest expense
Gain (loss) on disposal of capital assets
Total Nonoperating Revenues (Expenses)
Income (Loss) Before Transfers
and Contributions
Capital contributions
Transfers in
Transfers out
Changes in Net Position
Net Position - Beginning
Restatements
Beginning of Fiscal Year, as restated
Net Position - Ending
Adjustment for the net effect of the current year activity between the internal service funds and the enterprise funds
Changes in Net Position of Business-Type Activities
Governmental
Activities
Other
Enterprise Internal
Funds Totals Service Funds
4,406,359$ 62,253,968 $ -$
- - 33,998,367 14,156 289,861 454,492
4,420,515 62,543,829 34,452,859
4,328,495 21,159,035 25,224,810
- 18,406,714 -
- - 2,102,118 87,692 2,807,000 1,192,827
4,416,187 42,372,749 28,522,117
4,328 20,171,080 5,930,742
- 113,521 -
- 108,527 -
(19,100) ( 861,311) (1,495,545) (70,430) ( 287,348) (193,643)
- - (14,753) (89,530) ( 926,611) (1, 703,941) (85,202) 19,244,469 4,226,801
- 5,437,960 750,000
- - 2,037,056 - ( 396,185) (722,104) (85,202) 24,286,244 6,291,753
1,868,922 27,317,873
(456,481) -
1,412,441 27,317,873
1,327,239$ 33,609,626 $
1,448,151
25,734,395$
Business-Type Activities -
Enterprise Funds
The notes to financial statements are an integral part of this statement. 29 CITY OF FULLERTON

STATEMENT OF CASH FLOWS

PROPRIETARY FUNDS
FOR THE YEAR ENDED JUNE 30, 2022
Cash Flows from Operating Activities:

Receipts from customers 1,026,559$ 49,647,695 $ 6,120,409$ Receipts from interfund charges -- -
Cash recovered from insurance claims -- -
Other receipts -2 42,851 -
Payments to suppliers and service providers (1,237,399) (25,519,816) (2,186,328) Payments to employees for salaries and benefits (682,544) (7,088,122) (1,728,317) Payments of insurance claims -- -
Net Cash Provided by (Used for)
Operating Activities (893,384) 17,282,608 2,205,764
Cash Flows from Noncapital Financing Activities:

Transfers from other funds -- -
Taxes received 113,521 - -
Cash received on short-term interfund borrowings -- -
Principal paid on noncapital debt -- -
Interest paid on noncapital debt -- -
Transfers out (8,681) (257,371) (130,133)
Net Cash Provided by (Used for)
Noncapital Financing Activities 104,840 (257,371) (130,133) Cash Flows from Capital and Related Financing Activities:

Capital grants and contributions received 4,731,456 - - Acquisition and construction of capital assets (3,444,253) (7,616,154) (2,273,214) Principal paid on capital debt - (265,000) -
Interest paid on capital debt - (250,627) -
Advance refunding of old debt -
Net Cash Provided by (Used for)
Capital and Related Financing Activities 1,287,203 (8,131,781) (2,273,214) Cash Flows from Investing Activities:

Interest on investments 311,392 (957,151) (179,181)
Net Cash Provided by (Used for)
Investing Activities 311,392 (957,151) (179,181)
Net Increase (Decrease) in Cash and Cash Equivalents 810,051 7,936,305 (376,764) Cash and Cash Equivalents, July 1 2,176,906 36,775,608 8,474,221 Cash and Cash Equivalents, June 30 2,986,957$ 44,711,913 $ 8,097,457 $ Reconciliation of Cash and Cash Equivalents to
Amounts Reported on the Statement of Net Position
Cash and investments 2,986,957$ 44,711,913 $ 8,097,457$ Restricted assets - cash held with fiscal agent -- -
Cash and Cash Equivalents, June 30 2,986,957$ 44,711,913 $ 8,097,457 $ Reconciliation of Operating Income (Loss) to Net
Cash Provided by (Used for) Operating Activities:

Operating income (loss) (418,694)$ 18,199,374 $ 2,386,072$ Adjustments to Reconcile Operating Income (Loss) to
Net Cash Provided by (Used for) Operating Activities:

Depreciation 481,806 1,435,544 801,958
Nonoperating miscellaneous revenues/(expenses) -- -
(Increase) decrease in accounts receivable (10,911,042) (1,584,169) 28,229 (Increase) decrease in inventory -- -
(Increase) decrease in prepaid items - (18,119) (1,316) Increase (decrease) in accounts payable (51,746) (256,888) (563,599) Increase (decrease) in accrued liabilities 10,049,498 14,792 6,085 Increase (decrease) in unearned revenue -- -
Increase (decrease) in deposits payable 3,103 279,807 510 Increase (decrease) in claims and judgments -- -
Increase (decrease) in compensated absences 3,191 (80,228) (5,308) Increase (decrease) in pension items (49,498) (707,482) (446,859) Increase (decrease) in other post-employment benefits items (2) (23) (8) Total Adjustments (474,690) (916,766) (180,308)
Net Cash Provided by (Used for)
Operating Activities (893,384)$ 17,282,608 $ 2,205,764 $ Airport Water Utility
Business-Type Activities - Enterprise Funds
Sewer
Enterprise
The notes to financial statements are an integral part of this statement. 30 CITY OF FULLERTON

STATEMENT OF CASH FLOWS

PROPRIETARY FUNDS
FOR THE YEAR ENDED JUNE 30, 2022
Cash Flows from Operating Activities:

Receipts from customers
Receipts from interfund charges
Cash recovered from insurance claims
Other receipts
Payments to suppliers and service providers
Payments to employees for salaries and benefits
Payments of insurance claims
Net Cash Provided by (Used for)
Operating Activities
Cash Flows from Noncapital Financing Activities:

Transfers from other funds
Taxes received
Cash received on short-term interfund borrowings
Principal paid on noncapital debt
Interest paid on noncapital debt
Transfers out
Net Cash Provided by (Used for)
Noncapital Financing Activities
Cash Flows from Capital and Related Financing Activities:

Capital grants and contributions received
Acquisition and construction of capital assets
Principal paid on capital debt
Interest paid on capital debt
Advance refunding of old debt
Net Cash Provided by (Used for)
Capital and Related Financing Activities
Cash Flows from Investing Activities:

Interest on investments
Net Cash Provided by (Used for)
Investing Activities
Net Increase (Decrease) in Cash and Cash Equivalents
Cash and Cash Equivalents, July 1
Cash and Cash Equivalents, June 30
Reconciliation of Cash and Cash Equivalents to
Amounts Reported on the Statement of Net Position
Cash and investments
Restricted assets - cash held with fiscal agent
Cash and Cash Equivalents, June 30
Reconciliation of Operating Income (Loss) to Net
Cash Provided by (Used for) Operating Activities:

Operating income (loss)
Adjustments to Reconcile Operating Income (Loss) to
Net Cash Provided by (Used for) Operating Activities:

Depreciation
Nonoperating miscellaneous revenues/(expenses)
(Increase) decrease in accounts receivable
(Increase) decrease in inventory
(Increase) decrease in prepaid items
Increase (decrease) in accounts payable
Increase (decrease) in accrued liabilities
Increase (decrease) in unearned revenue
Increase (decrease) in deposits payable
Increase (decrease) in claims and judgments
Increase (decrease) in compensated absences
Increase (decrease) in pension items
Increase (decrease) in other post-employment benefits items Total Adjustments
Net Cash Provided by (Used for)
Operating Activities
Governmental
Activities
Other
Enterprise Internal
Funds Totals Service Funds
3,532,439$ 60,327,102$ -$
-- 33,962,820
-- -
-2 42,851 193,745
(1,896,959) (30,840,502) (19,823,401)
(44,999) (9,543,982) (2,891,678)
-- (5,822,471)
1,590,481 20,185,469 5,619,015
-- 2,037,056
-1 13,521 -
71,077 71,077 412,658
-- (420,000)
-- (121,601)
- (396,185) (722,104)
71,077 (211,587) 1,186,009
- 4,731,456 750,000
- (13,333,621) (1,769,306)
(135,000) (400,000) (114,359)
(69,653) (320,280) (6,980)
- 8,894,000
(204,653) (9,322,445) 7,753,355
(21,180) (846,120) (1,532,913)
(21,180) (846,120) (1,532,913)
1,435,725 9,805,317 13,025,466
1,108,649 48,535,384 66,159,352
2,544,374$ 58,340,701 $ 79,184,818 $
2,284,132$ 58,080,459$ 71,265,929$
260,242 260,242 7,918,889
2,544,374$ 58,340,701 $ 79,184,818 $
4,328$ 20,171,080$ 5,930,742$
87,692 2,807,000 1,192,827
-- 7,337
(883,346) (13,350,328) (34,522)
(24,920) (24,920) (93,737)
- (19,435) (589,467)
2,266,805 1,394,572 (180,770)
1,533 10,071,908 23,527
(4,950) (4,950) 1,337
220 283,640 -
-- (276,000)
6,390 (75,955) -
136,730 (1,067,109) (362,249)
(1) (34) (10)
1,586,153 14,389 (311,727)
1,590,481$ 20,185,469 $ 5,619,015 $
Business-Type Activities -
Enterprise Funds
The notes to financial statements are an integral part of this statement. 31 CITY OF FULLERTON

STATEMENT OF FIDUCIARY NET POSITION

FIDUCIARY FUNDS
JUNE 30, 2022
Custodial
Funds
Assets:

Cash and cash equivalents -$ 5,848,875$ 1,335,882$ Restricted assets - cash and cash equivalents - 6,228,325 - Investments:

Mutual funds -7 1 7 , 7 3 0 -
Equity securities 63,432 - -
Receivables:

Accounts -3 , 5 6 3 -
Leases -4 0 7 , 3 4 2 -
Accrued interest receivable -6 ,466 -
Notes and loans receivable - 37,128,462 -
Prepaid costs -1 01,464 -
Deposits -- 10,500
Land held for resale - 2,900,768 -
Total Assets 63,432 53,343,966 1,346,382
Deferred Outflows of Resources:

Deferred charges on refunding -1 37,352 -
Pension deferrals -8 ,858 -
Total Deferred Outflows of Resources - 146,210 -
Liabilities:

Accounts payable -1 4,003 21,800
Accrued liabilities -5 ,796 -
Accrued interest -4 93,513 -
Noncurrent:

Bonds payable - due within one year - 7,410,000 -
Bonds payable - due in more than one year - 39,392,389 - Net pension liability -4 8 , 6 8 3 -
Total Liabilities - 47,364,384 32,300
Deferred Inflows of Resources:

Leases -3 98,401 -
Pension deferrals -3 0,854 -
Total Deferred Inflows or Resources - 429,255 -
Net Position:

Restricted for post-employment benefits other than pensions 63,432 - - Restricted for individuals, organizations, and other governments - 5,696,537 1,314,082 Total Net Position 63,432$ 5,696,537 $ 1,314,082 $ Pension
(and Other
Employee
Benefit) Trust
Fund
Private-
Purpose Trust
Fund
Retiree Health
Insurance
Program
Successor
Agency of the
Former RDA
The notes to financial statements are an integral part of this statement. 32 CITY OF FULLERTON

STATEMENT OF CHANGES IN FIDUCIARY NET POSITION

FIDUCIARY FUNDS
FOR THE YEAR ENDED JUNE 30, 2022
Additions:

Investment Earnings:

Net increase (decrease) in fair value of investments (10,755)$ (156,553)$ -$ Interest, dividends, and other -7 4 4 , 2 8 3 -
Securities lending income - -
Total Investment Earnings (10,755) 587,730 -
Property taxes - 8,964,690 -
Miscellaneous -3 71,188 2,117,220
Total Additions (10,755) 9,923,608 2,117,220
Deductions:

Administrative expenses 433 171,166 -
Contractual services -3 09,468 -
Miscellaneous -- 2,195,101
Interest expense -6 17,604 -
Total Deductions 433 1,098,238 2,195,101
Changes in Net Position (11,188) 8,825,370 (77,881)
Net Position - Beginning, as Originally Reported 74,620 (3,274,403) (21,555,000) Restatement of Net Position -1 45,570 22,946,963
Net Position - Beginning, as Restated 74,620 (3,128,833) 1,391,963 Net Position - Ending 63,432$ 5,696,537 $ 1,314,082 $ Custodial
Funds
Pension
(and Other
Employee
Benefit) Trust
Fund
Private-
Purpose Trust
Fund
Successor
Agency of the
Former RDA
Retiree Health
Insurance
Program
The notes to financial statements are an integral part of this statement. 33 7+,63$*(,17(17,21$//</()7%/$1.
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72 CITY OF FULLERTON

NOTES TO FINANCIAL STATEMENTS (CONTINUED)
JUNE 30, 2022

Note 15: Fund Balance Classifications

The fund balances of the City’s governmental funds as of June 30, 2022, are presented below:

American Other Total
Grants Rescue Plan Governmental Governmental
Classification General Fund Administration Act Capital Projects Funds Funds Nonspendable:

Inventories 6,528$ -$ -$ -$ -$ 6,528$ Property held for resale - - - - - - Prepaid costs 706,953 - - 51,811 - 758,764 Subtotal - nonspendable 713,481 - - 51,811 - 765,292 Restricted:

Community development - - - - 1,044,058 1,044,058 Public safety - - - - 297,973 297,973 Parks and recreation - - - - 2,229,184 2,229,184 Public works - - - - 20,439,554 20,439,554 Capital projects - - - - 1,020,065 1,020,065 Debt service - - - - 205,907 205,907 Refuse collection - - - - 2,651,870 2,651,870 Housing - - - - 12,913,930 12,913,930 Library 738,475 - - - - 738,475 Pension stabilization 501,509 - - - - 501,509 Donations 278,829 100,671 379,500 Subtotal - restricted 1,518,813 - - - 40,903,212 42,422,025 Committed:

Capital projects 438,687 - - - - 438,687 Subtotal - restricted 438,687 - - - - 438,687 Assigned:

Contingency reserve 17,724,874 - - - - 17,724,874 Street projects 677,618 - - - - 677,618 Building permits 156,566 - - - - 156,566 Laguna Lake 10,681 - - - - 10,681 Subtotal - assigned 18,569,739 - - - - 18,569,739 Unassigned 4,033,848 (1,398,633) (636,558) (445,516) (1,473,310) 79,831 Total Fund Balance 25,274,568$ (1,398,633)$ (636,558)$ (393,705)$ 39,429,902$ 62,275,574$

Note 16: Interfund Transactions

The composition of interfund balances as of June 30, 2022, is as follows:

a. Transfers to and From Other Funds
American Other
Grants Rescue Plan Governmental Sewer Internal Service
Transfers In General Fund Administration Act Funds Airport Water Util ity Enterprise Funds Total General Fund -$ -$ 224,428$ 137,314$ -$ -$ -$ -$ 361,742$ Capital Projects 2,075,712 1,957,310 105,528 6,821,916 - - - 635,377 11,595,843 Internal Service Funds 1,467,334 - - 86,810 8,681 257,371 130,133 86,727 2,037,056 Total 3,543,046$ 1,957,310$ 329,956$ 7,046,040$ 8,681$ 257,371$ 130,133$ 722,104$ 13,994,641$ Transfers Out

In the fund financial statements, the interfund transfers generally are made for the purpose of debt service payments made from a debt service fund but funded from an operating fund, capital improvement project expenditures paid by a capita l projects fund but funded from other funds, or subsidy transfers. Additionally, during fi scal year 2021-22, the American Rescue Plan Act Fund transferred funds to the General Fund for administration allowance and Fullerton Museum invoices. The General fund also transferred funds to Internal Service Funds for the CCTV Network and Security Upgrad e and the Tyler Munis ERP Implementation projects.

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82 CITY OF FULLERTON

BUDGETARY COMPARISON SCHEDULE

GENERAL FUND
FOR THE YEAR ENDED JUNE 30, 2022
Variance with
Final Budget
Budget Amounts Actual Positive
Original Final Amounts (Negative)
Revenues:

Taxes 81,094,275$ 86,106,817 $ 91,208,971 $ 5,102,154$ Licenses and permits 2,179,942 2,233,142 2,736,503 503,361 Intergovernmental 616,000 1,087,854 1,470,672 382,818 Charges for services 10,520,384 10,683,717 11,275,258 591,541 Use of money and property 3,781,980 3,781,980 2,675,955 (1,106,025) Fines and forfeitures 1,034,100 1,034,100 1,560,603 526,503 Miscellaneous 1,681,704 1,681,704 1,173,555 (508,149) Total Revenues 100,908,385 106,609,314 112,101,517 5,492,203 Expenditures:

Current:

General government
Council 441,666 441,666 423,116 18,550 City Manager 2,325,792 2,325,792 1,986,007 339,785 City Clerk 696,542 693,542 667,549 25,993 Administrative Services Finance 2,438,586 2,489,086 2,445,129 43,957 Human Resources 964,432 964,432 608,100 356,332 Non-departmental (3,390,000) (3,390,000) 491,625 (3,881,625) Public safety
Fire 27,112,614 27,187,514 26,753,369 434,145 Police 52,667,201 52,720,401 48,838,549 3,881,852 Community development 5,501,454 5,501,454 4,988,203 513,251 Human and leisure
Parks and Recreation 5,915,249 5,915,249 5,678,737 236,512 Library 4,080,501 4,080,501 3,486,922 593,579 Public works 7,901,736 7,901,736 7,512,297 389,439 Capital outlay 100,000 571,854 21,963 549,891 Debt service:

Principal retirement 259,245 259,245 259,240 5 Interest and fiscal charges 46,905 46,905 46,895 10 Total Expenditures: 107,061,923 107,709,377 104,207,701 3,501,676 Excess (Deficiency) of Revenues
Over (Under) Expenditures (6,153,538) (1,100,063) 7,893,816 8,993,879 Other Financing Sources
Transfers in 200,000 424,428 361,742 (62,686) Transfers out (400,000) (4,877,430) (3,543,046) 1,334,384 Total Other Financing Sources (Uses): (200,000) (4,453,002) (3,181,304) 1,271,698 Net Change in Fund Balances (6,353,538)$ (5,553,065)$ 4,712,512 10,265,577$ Fund Balances - Beginning 20,562,056
Fund Balances - Ending 25,274,568$
The notes to required supplementary information are an integral part of this schedule. 83 CITY OF FULLERTON

BUDGETARY COMPARISON SCHEDULE

GRANTS ADMINISTRATION
FOR THE YEAR ENDED JUNE 30, 2022
Variance with
Final Budget
Budget Amounts Actual Positive
Original Final Amounts (Negative)
Revenues:

Intergovernmental 1,067,074$ 12,288,681$ 4,172,814$ (8,115,867)$ Use of money and property - - - - Miscellaneous - 294,545 3,126 (291,419) Total Revenues 1,067,074 12,583,226 4,175,940 (8,407,286) Expenditures:

Current:

General government 27,285 27,285 - 27,285 Public safety 132,867 1,945,640 922,351 1,023,289 Community development 682,014 3,284,674 1,422,935 1,861,739 Parks and recreation 498,752 505,951 104,336 401,615 Public works - 453,566 130,766 322,800 Capital outlay - 108,852 21,381 87,471 Total Expenditures 1,340,918 6,325,968 2,601,769 3,724,199 Excess (Deficiency) of Revenues
Over (Under) Expenditures (273,844) 6,257,258 1,574,171 (4,683,087) Other Financing Sources (Uses):

Transfers out - (1,963,323) (1,957,310) 6,013 Total Other Financing Sources (Uses) - (1,963,323) (1,957,310) 6,013 Net Change in Fund Balances (273,844)$ 4,293,935$ (383,139) (4,677,074)$ Fund (Deficit) - Beginning (1,015,494)
Fund (Deficit) - Ending (1,398,633)$
The notes to required supplementary information are an integral part of this schedule. 84 CITY OF FULLERTON

BUDGETARY COMPARISON SCHEDULE

AMERICAN RESCUE PLAN ACT
FOR THE YEAR ENDED JUNE 30, 2022
Variance with
Final Budget
Budget Amounts Actual Positive
Original Final Amounts (Negative)
Revenues:

Use of money and property -$ - $ (691,864)$ (691,864)$ Total Revenues - - 314,747 314,747 Expenditures:

Current:

General government - 2,923,941 676,655 2,247,286 Total Expenditures: - 2,923,941 676,655 2,247,286 Excess (Deficiency) of Revenues
Over (Under) Expenditures - (2,923,941) (361,908) (1,932,539) Other Financing Sources
Transfers out - (1,901,428) (329,956) 1,571,472 Total Other Financing Sources (Uses): - (1,901,428) (329,956) 1,571,472 Net Change in Fund Balances -$ (4,825,369)$ (691,864) (361,067)$ Fund Balances - Beginning 55,306
Fund Balances - Ending (636,558)$
The notes to required supplementary information are an integral part of this schedule. 85 &,7<2))8//(5721
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93 CITY OF FULLERTON

COMBINING BALANCE SHEET

NONMAJOR GOVERNMENTAL FUNDS
JUNE 30, 2022
Assets:

Cash and investments 6,004,662$ 6, 659,580$ - $ 2,228,257$ 293,387$ Receivables:

Accounts 667,940 173,017 10,061 - 29,617
Notes and loans ---- -
Accrued interest 4,249 4,999 - 927 293
Total Assets 6,676,851$ 6,837,596$ 10,061$ 2,229,184$ 323,297$ Liabilities, Deferred Inflows of
Liabilities:

Accounts payable 234,058$ - $ - $ - $ 5,371$ Accrued liabilities 37,938 3,767 - - 7,091
Deposits payable ---- -
Due to other funds ---- -
Total Liabilities 271,996 3,767 - - 12,462
Deferred Inflows of Resources:

Unavailable revenues 53,530 - - - 22,923
Total Deferred Inflows of Resources 53,530 - - - 22,923 Fund Balances:

Restricted 6,351,325 6,833,829 10,061 2,229,184 287,912 Unassigned ---- -
Total Fund Balances 6,351,325 6,833,829 10,061 2,229,184 287,912 Total Liabilities, Deferred Inflows of
Resources, and Fund Balances 6,676,851 $ 6, 837,596$ 10,061 $ 2,229,184 $ 323,297$ Special Revenue Funds
State Gas Tax
Drainage
Capital Outlay Traffic Safety Park Dwelling Asset Seizure Resources, and Fund Balances:
94 CITY OF FULLERTON

COMBINING BALANCE SHEET

NONMAJOR GOVERNMENTAL FUNDS
JUNE 30, 2022
Assets:

Cash and investments
Receivables:

Accounts
Notes and loans
Accrued interest
Total Assets
Liabilities, Deferred Inflows of
Liabilities:

Accounts payable
Accrued liabilities
Deposits payable
Due to other funds
Total Liabilities
Deferred Inflows of Resources:

Unavailable revenues
Total Deferred Inflows of Resources
Fund Balances:

Restricted
Unassigned
Total Fund Balances
Total Liabilities, Deferred Inflows of
Resources, and Fund Balances
Resources, and Fund Balances:
(CONTINUED)
1,186,305$ 1,042,897 $ 1,438,211 $ 4,362,467 $ 1,176,492$ 2,748,268 - 1,394,939 528,457 6,435
---- 11,765,766
1,158 1,161 1,623 3,245 1,299
3,935,731$ 1,044,058 $ 2,834,773 $ 4,894,169 $ 12, 949,992$ 1,085,368$ - $ 382,682$ 31,670 $ 31,742$ 965 - 57,532 - 2,220
---- 2,100
---- -
1,086,333 - 440,214 31,670 36,062
197,528 - 2,658 - -
197,528 - 2,658 - -
2,651,870 1,044,058 2,391,901 4,862,499 12,913,930
---- -
2,651,870 1,044,058 2,391,901 4,862,499 12,913,930
3,935,731$ 1,044,058 $ 2,834,773 $ 4,894,169 $ 12, 949,992$ Special Revenue Funds
Refuse
Collection
Air Quality
Improvement Sanitation Measure M2 Housing
95 CITY OF FULLERTON

COMBINING BALANCE SHEET

NONMAJOR GOVERNMENTAL FUNDS
JUNE 30, 2022
Assets:

Cash and investments
Receivables:

Accounts
Notes and loans
Accrued interest
Total Assets
Liabilities, Deferred Inflows of
Liabilities:

Accounts payable
Accrued liabilities
Deposits payable
Due to other funds
Total Liabilities
Deferred Inflows of Resources:

Unavailable revenues
Total Deferred Inflows of Resources
Fund Balances:

Restricted
Unassigned
Total Fund Balances
Total Liabilities, Deferred Inflows of
Resources, and Fund Balances
Resources, and Fund Balances:

Debt Service
Fund
Total
Nonmajor
Governmental
Funds
970,201$ - $ 100,561$ 205,907$ 25,668,927$ 50,958 1,259,384 - - 6,869,076
-- -- 11,765,766
1,065 215 110 - 20,344
1,022,224$ 1,259,599$ 100,671$ 205,907$ 44,324,113$ 2,159$ 1,259,384$ -$ -$ 3,032,434$ -- -- 109,513
-- -- 2,100
- 214,141 - - 214,141
2,159 1,473,525 - - 3,358,188
- 1,259,384 - - 1,536,023
- 1,259,384 - - 1,536,023
1,020,065 - 100,671 205,907 40,903,212
- (1,473,310) - - (1,473,310)
1,020,065 (1,473,310) 100,671 205,907 39,429,902
1,022,224$ 1,259,599$ 100,671$ 205,907$ 44,324,113$ Special Revenue Funds
FTV Cable -
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Fund SB2 / PLHA
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Hills
Endowment
Debt Service
Reserve
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CITY OF FULLERTON

BUDGETARY COMPARISON SCHEDULE

STATE GAS TAX
FOR THE YEAR ENDED JUNE 30, 2022
Variance with
Final Budget
Budget Amounts Actual Positive
Original Final Amounts (Negative)
Revenues:

Intergovernmental 3,640,532$ 6,431,983 $ 6,112,642 $ (319,341)$ Charges for services - - 7,527 7,527 Use of money and property 61,020 112,155 (72,715) (184,870) Total Revenues 3,701,552 6,544,138 6,047,454 (496,684) Expenditures:

Current:

General government - - 632 (632) Public works 3,041,842 3,041,842 3,188,195 (146,353) Capital outlay 7,000 7,000 11,942 (4,942) Total Expenditures 3,048,842 3,048,842 3,200,769 (151,927) Excess (Deficiency) of Revenues
Over (Under) Expenditures 652,710 3,495,296 2,846,685 (648,611) Other Financing Sources (Uses):

Transfers out (661,000) (9,767,253) (3,702,161) 6,065,092 Total Other Financing Sources (Uses) (661,000) (9,767,253) (3,702,161) 6,065,092 Net Change in Fund Balances (8,290)$ (6,271,957)$ (855,476) 5,416,481$ Fund Balances - Beginning 7,206,801
Fund Balances - Ending 6,351,325$
101

CITY OF FULLERTON

BUDGETARY COMPARISON SCHEDULE

DRAINAGE CAPITAL OUTLAY
FOR THE YEAR ENDED JUNE 30, 2022
Variance with
Final Budget
Budget Amounts Actual Positive
Original Final Amounts (Negative)
Revenues:

Charges for services 1,600,000$ 1,600,000 $ 1,499,905 $ (100,095)$ Use of money and property 93,795 93,795 (90,912) (184,707) Total Revenues 1,693,795 1,693,795 1,408,993 (284,802) Expenditures:

Current:

General government - - 743 (743) Public works 224,825 224,825 160,170 64,655 Total Expenditures 224,825 224,825 160,913 63,912 Excess (Deficiency) of Revenues
Over (Under) Expenditures 1,468,970 1,468,970 1,248,080 (220,890) Other Financing Sources (Uses):

Transfers out (1,300,000) (4,688,702) (706,043) 3,982,659 Total Other Financing Sources (Uses) (1,300,000) (4,688,702) (706,043) 3,982,659 Net Change in Fund Balances 168,970$ (3,219,732)$ 542,037 3,761,769$ Fund Balances - Beginning 6,291,792
Fund Balances - Ending 6,833,829$
102

CITY OF FULLERTON

BUDGETARY COMPARISON SCHEDULE

TRAFFIC SAFETY
FOR THE YEAR ENDED JUNE 30, 2022
Variance with
Final Budget
Budget Amounts Actual Positive
Original Final Amounts (Negative)
Revenues:

Fines and forfeitures 200,000$ 200,000 $ 131,300 $ (68,700)$ Total Revenues 200,000 200,000 131,300 (68,700) Excess (Deficiency) of Revenues
Over (Under) Expenditures 200,000 200,000 131,300 (68,700) Other Financing Sources (Uses):

Transfers out (200,000) (200,000) (137,314) 62,686 Total Other Financing Sources (Uses) (200,000) (200,000) (137,314) 62,686 Net Change in Fund Balances -$ -$ (6,014) (6,014)$ Fund Balances - Beginning 16,075
Fund Balances - Ending 10,061$
103

CITY OF FULLERTON

BUDGETARY COMPARISON SCHEDULE

PARK DWELLING
FOR THE YEAR ENDED JUNE 30, 2022
Variance with
Final Budget
Budget Amounts Actual Positive
Original Final Amounts (Negative)
Revenues:

Charges for services 1,241,700$ 1,241,700 $ 232,020 $ (1,009,680)$ Use of money and property 94,928 94,928 (13,070) (107,998) Total Revenues 1,336,628 1,336,628 218,950 (1,117,678) Expenditures:

Current:

General government - - 138 (138) Total Expenditures: - - 138 (138) Excess (Deficiency) of Revenues
Over (Under) Expenditures 1,336,628 1,336,628 218,812 (1,117,816) Other Financing Sources (Uses):

Transfers out (1,015,000) (3,885,327) (907,756) 2,977,571 Total Other Financing Sources (Uses) (1,015,000) (3,885,327) (907,756) 2,977,571 Net Change in Fund Balances 321,628$ (2,548,699)$ (688,944) 1,859,755$ Fund Balances - Beginning 2,918,128
Fund Balances - Ending 2,229,184$
104

CITY OF FULLERTON

BUDGETARY COMPARISON SCHEDULE

ASSET SEIZURE
FOR THE YEAR ENDED JUNE 30, 2022
Variance with
Final Budget
Budget Amounts Actual Positive
Original Final Amounts (Negative)
Revenues:

Intergovernmental 115,000$ 345,301 $ 389,447 $ 44,146$ Charges for services - - 5,425 5,425 Use of money and property 10,679 10,679 (5,331) (16,010) Total Revenues 125,679 355,980 389,541 33,561 Expenditures:

Current:

Public safety 76,124 103,124 197,907 (94,783) Capital outlay 80,000 404,337 292,436 111,901 Total Expenditures 156,124 507,461 490,343 17,118 Net Change in Fund Balances (30,445)$ (151,481)$ (100,802) 50,679$ Fund Balances - Beginning 388,714
Fund Balances - Ending 287,912$
105

CITY OF FULLERTON

BUDGETARY COMPARISON SCHEDULE

REFUSE COLLECTION
FOR THE YEAR ENDED JUNE 30, 2022
Variance with
Final Budget
Budget Amounts Actual Positive
Original Final Amounts (Negative)
Revenues:

Intergovernmental -$ 6,952$ - $ (6,952)$ Charges for services 12,826,917 12,826,917 13,530,500 703,583 Use of money and property - - (22,750) (22,750) Total Revenues 12,826,917 12,833,869 13,507,750 673,881 Expenditures:

Current:

Refuse collection 11,956,059 11,963,011 13,207,925 (1,244,914) Total Expenditures 11,956,059 11,963,011 13,207,925 (1,244,914) Excess (Deficiency) of Revenues
Over (Under) Expenditures 870,858 870,858 299,825 (571,033) Other Financing Sources (Uses):

Transfers out (150,000) (295,570) (68,279) 227,291 Total Other Financing Sources (Uses) (150,000) (295,570) (68,279) 227,291 Net Change in Fund Balances 720,858$ 575,288$ 231,546 (343,742)$ Fund Balances - Beginning 2,420,324
Fund Balances - Ending 2,651,870$
106

CITY OF FULLERTON

BUDGETARY COMPARISON SCHEDULE

AIR QUALITY IMPROVEMENT
FOR THE YEAR ENDED JUNE 30, 2022
Variance with
Final Budget
Budget Amounts Actual Positive
Original Final Amounts (Negative)
Revenues:

Intergovernmental 181,000$ 181,000 $ 134,334 $ (46,666)$ Use of money and property 15,600 15,600 (22,684) (38,284) Total Revenues 196,600 196,600 111,650 (84,950) Expenditures:

Current:

Community development 38,050 38,050 8,204 29,846 Capital outlay 265,000 265,000 - 265,000 Total Expenditures 303,050 303,050 8,204 294,846 Excess (Deficiency) of Revenues
Over (Under) Expenditures (106,450) (106,450) 103,446 209,896 Other Financing Sources (Uses):

Transfers out - (29,142) (20,394) 8,748 Total Other Financing Sources (Uses) - (29,142) (20,394) 8,748 Net Change in Fund Balances (106,450)$ (135,592)$ 83,052 218,644$ Fund Balances - Beginning 961,006
Fund Balances - Ending 1,044,058$
107

CITY OF FULLERTON

BUDGETARY COMPARISON SCHEDULE

SANITATION
FOR THE YEAR ENDED JUNE 30, 2022
Variance with
Final Budget
Budget Amounts Actual Positive
Original Final Amounts (Negative)
Revenues:

Charges for services 6,400,000$ 6,400,000 $ 6,367,797 $ (32,203)$ Use of money and property 58,136 58,136 (34,071) (92,207) Miscellaneous - - 50 50 Total Revenues 6,458,136 6,458,136 6,333,776 (124,360) Expenditures:

Current:

General government 120,746 120,746 106,869 13,877 Public works 7,092,059 7,092,059 5,955,394 1,136,665 Capital outlay 6,500 6,500 9,908 (3,408) Total Expenditures 7,219,305 7,219,305 6,072,171 1,147,134 Excess (Deficiency) of Revenues
Over (Under) Expenditures (761,169) (761,169) 261,605 1,022,774 Other Financing Sources (Uses):

Transfers out - - (43,861) (43,861) Total Other Financing Sources (Uses) - - (43,861) (43,861) Net Change in Fund Balances (761,169)$ (761,169)$ 217,744 978,913$ Fund Balances - Beginning 2,174,157
Fund Balances - Ending 2,391,901$
108

CITY OF FULLERTON

BUDGETARY COMPARISON SCHEDULE
MEASURE M2
FOR THE YEAR ENDED JUNE 30, 2022
Variance with
Final Budget
Budget Amounts Actual Positive
Original Final Amounts (Negative)
Revenues:

Intergovernmental 2,470,502$ 2,470,502 $ 3,183,746 $ 713,244$ Use of money and property 72,925 72,925 (59,939) (132,864) Total Revenues 2,543,427 2,543,427 3,123,807 580,380 Expenditures:

Current:

General government - - 483 (483) Parks and recreation 205,183 205,183 36,107 169,076 Public works 210,000 210,000 202,499 7,501 Total Expenditures 415,183 415,183 239,089 176,094 Excess (Deficiency) of Revenues
Over (Under) Expenditures 2,128,244 2,128,244 2,884,718 756,474 Other Financing Sources (Uses):

Transfers out (1,987,300) (4,776,853) (1,460,232) 3,316,621 Total Other Financing Sources (Uses) (1,987,300) (4,776,853) (1,460,232) 3,316,621 Net Change in Fund Balances 140,944$ (2,648,609)$ 1,424,486 4,073,095$ Fund Balances - Beginning 3,438,013
Fund Balances - Ending 4,862,499$
109

CITY OF FULLERTON

BUDGETARY COMPARISON SCHEDULE

HOUSING
FOR THE YEAR ENDED JUNE 30, 2022
Variance with
Final Budget
Budget Amounts Actual Positive
Original Final Amounts (Negative)
Revenues:

Use of money and property 244,756$ 244,756 $ 232,355 $ (12,401)$ Miscellaneous - - 5,400 5,400 Total Revenues 244,756 244,756 237,755 (7,001) Expenditures:

Current:

Community development 935,642 935,642 278,781 656,861 Total Expenditures: 935,642 935,642 278,781 656,861 Net Change in Fund Balances (690,886)$ (690,886)$ (41,026) 649,860$ Fund Balances - Beginning 12,954,956
Fund Balances - Ending 12,913,930$
110

CITY OF FULLERTON

BUDGETARY COMPARISON SCHEDULE

FTV CABLE - PEG ACCESS FUND
FOR THE YEAR ENDED JUNE 30, 2022
Variance with
Final Budget
Budget Amounts Actual Positive
Original Final Amounts (Negative)
Revenues:

Taxes 200,000$ 200,000 $ 197,873 $ (2,127)$ Use of money and property 16,015 16,015 (20,669) (36,684) Total Revenues 216,015 216,015 177,204 (38,811) Expenditures:

Current:

General government 192,229 192,229 54,865 137,364 Total Expenditures: 192,229 192,229 54,865 137,364 Net Change in Fund Balances 23,786$ 23,786$ 122,339 (176,175)$ Fund Balances - Beginning 897,726
Fund Balances - Ending 1,020,065$
111

CITY OF FULLERTON

BUDGETARY COMPARISON SCHEDULE

CAPITAL PROJECTS
FOR THE YEAR ENDED JUNE 30, 2022
Variance with
Final Budget
Budget Amounts Actual Positive
Original Final Amounts (Negative)
Revenues:

Intergovernmental 2,352,400$ 43,528,975 $ 19,289,549 $ (24,239,426)$ Charges for services 350,000 1,001,437 78,997 (922,440) Miscellaneous - - 14,680 14,680 Total Revenues 2,702,400 44,530,412 19,383,226 (25,147,186) Expenditures:

Capital outlay 12,136,777 86,781,862 32,972,193 53,809,669 Total Expenditures: 12,136,777 86,781,862 32,972,193 53,809,669 Excess (Deficiency) of Revenues
Over (Under) Expenditures (9,434,377) (42,251,450) (13,588,967) 28,662,483 Other Financing Sources
Transfers in 8,858,300 33,357,450 11,595,843 (21,761,607) Total Other Financing Sources (Uses): 8,858,300 42,251,450 11,595,843 (30,655,607) Net Change in Fund Balances (576,077)$ -$ (1,993,124) (1,993,124)$ Fund Balances - Beginning 1,599,419
Fund Balances - Ending (393,705)$
112

CITY OF FULLERTON

COMBINING STATEMENT OF NET POSITION

NONMAJOR PROPRIETARY FUNDS
JUNE 30, 2022
Totals
Assets:

Current Assets:

Cash and investments 2,190,110$ - $ 94,022$ 2,284,132$ Restricted assets - cash held with fiscal agent 260,242 - - 260,242 Accounts receivable 2,379 - - 2,379
Accrued interest receivable 2,407 (217) 104 2,294
Accrued interest 2,174 - - 2,174
Inventory 56,223 - - 56,223
Total Current Assets 2,513,535 (217) 94,126 2,607,444
Noncurrent Assets:

Lease receivable 911,896 - - 911,896
Capital assets - net of accumulated depreciation 2,558,927 541,789- 3,100,716 Total Noncurrent Assets 3,470,823 541,789 - 4,012,612
Total Assets 5,984,358 541,572 94,126 6,620,056
Deferred Outflows of Resources:

Pension deferrals 45,517 9,344 3,700 58,561
Other post-employment benefits deferrals 12,743 7,789 1,282 21,814 Total Deferred Outflows of Resources 58,260 17,133 4,982 80,375 Liabilities:

Current Liabilities:

Accounts payable 2,103,460 2,458 32,313 2,138,231
Accrued liabilities 8,090 988 426 9,504
Accrued interest payable 18,701 - - 18,701
Deposits payable 220 - - 220
Due to other funds - 199,107 - 199,107
Compensated absences - current 10,519 - - 10,519
Bonds payable - current 140,000 - - 140,000
Total Current Liabilities 2,280,990 202,553 32,739 2,516,282 Noncurrent Liabilities:

Compensated absences 2,630 - - 2,630
Bonds payable 1,318,894 - - 1,318,894
Net pension liability 250,147 51,356 20,341 321,844
Claims payable --- -
Net other post-employment benefits liability 62,619 32,936 5,315 100,870 Total Noncurrent Liabilities 1,634,290 84,292 25,656 1,744,238 Total Liabilities 3,915,280 286,845 58,395 4,260,520
Deferred Inflows of Resources:

Leases 888,584 - - 888,584
Pension deferrals 158,539 32,549 12,891 203,979
Other post-employment benefits deferrals 10,400 8,801 908 20,109 Total Deferred Inflows of Resources 1,057,523 41,350 13,799 1,112,672 Net Position:

Net investment in capital assets 1,100,033 541,789 - 1,641,822 Restricted for debt service 260,242 - - 260,242
Unrestricted (290,460) (311,279) 26,914 (574,825)
Total Net Position 1,069,815$ 230,510 $ 26,914 $ 1,327,239 $ Business-Type Activities - Enterprise Funds
Brea Dam
Facilities
Recreational
Parking
Facilities
Compressed
Natural Gas
Facility
113

CITY OF FULLERTON

COMBINING STATEMENT OF REVENUES,

EXPENSES, AND CHANGES IN NET POSITION

NONMAJOR PROPRIETARY FUNDS
FOR THE YEAR ENDED JUNE 30, 2022
Totals
Operating Revenues:

Sales and service charges 4,256,257$ -$ 150,102$ 4,406,359$ Miscellaneous 14,156 - - 14,156
Total Operating Revenues 4,270,413 - 150,102 4,420,515
Operating Expenses:

Maintenance, operations, and administration 3,958,163 75,568 294,764 4,328,495 Depreciation expense 87,692 - - 87,692
Total Operating Expenses 4,045,855 75,568 294,764 4,416,187 Operating Income (Loss) 224,558 (75,568) (144,662) 4,328 Nonoperating Revenues (Expenses):

Investment earnings (21,261) 4,123 (1,962) (19,100)
Interest expense (70,430) - - (70,430)
Total Nonoperating Revenues (Expenses) (91,691) 4,123 (1,962) (89,530) Income (Loss) Before Transfers 132,867 (71,445) (146,624) (85,202) Transfers in --- -
Transfers out --- -
Changes in Net Position 132,867 (71,445) (146,624) (85,202) Net Position:

Net Position - Beginning 1,393,429 301,955 173,538 1,868,922 Restatements (456,481) - - (456,481)
Beginning of Fiscal Year, as restated 936,948 301,955 173,538 1,412,441 Net Position - Ending 1,069,815$ 230,510 $ 26,914$ 1,327,239$ Brea Dam
Facilities
Recreational
Parking
Facilities
Compressed
Natural Gas
Facility
Business-Type Activities - Enterprise Funds
114

CITY OF FULLERTON

COMBINING STATEMENT OF CASH FLOWS

NONMAJOR PROPRIETARY FUNDS
FOR THE YEAR ENDED JUNE 30, 2022
Totals
Cash Flows from Operating Activities:

Receipts from customers 3,382,337$ -$ 150,102$ 3,532,439$ Payments to suppliers and service providers (1,579,744) (31,199) (286,016) (1,896,959) Payments to employees for salaries and benefits (58) (44,294) (647) (44,999) Net Cash Provided by (Used for)
Operating Activities 1,802,535 (75,493) (136,561) 1,590,481 Cash Flows from Noncapital Financing Activities:

Cash received on short-term interfund borrowings -7 1,077 - 71,077 Net Cash Provided by (Used for)
Non-Capital Financing Activities - 71,077 - 71,077
Cash Flows from Capital and Related Financing Activities:

Principal paid on capital debt (135,000) - - (135,000)
Interest paid on capital debt (69,653) - - (69,653)
Net Cash Provided by (Used for)
Capital and Related Financing Activities (204,653) - - (204,653) Cash Flows from Investing Activities:

Interest on investments (23,668) 4,416 (1,928) (21,180) Net Cash Provided by (Used for)
Investing Activities (23,668) 4,416 (1,928) (21,180)
Net Increase (Decrease) in Cash and Cash Equivalents 1,574,214 - ( 138,489) 1,435,725 Cash and Cash Equivalents, July 1 876,138 - 232,511 1,108,649 Cash and Cash Equivalents, June 30 2,450,352$ -$ 94,022$ 2,544,374$ Reconciliation of Cash and Cash Equivalents to
Amounts Reported on the Combining Statement
of Net Position:

Cash and investments 2,190,110$ - $ 94,022$ 2,284,132$ Restricted assets - cash held with fiscal agent 260,242 - - 260,242 Cash and Cash Equivalents, June 30 2,450,352 $ - $ 94,022$ 2,544,374 $ Reconciliation of Operating (Loss) to Net Cash
Provided by (Used for) by Operating Activities:

Operating Income (Loss) 224,558$ (75,568) $ (144,662)$ 4,328$ Adjustments to Reconcile Operating (Loss) to
Net Cash Provided by (Used for) Operating Activities:

Depreciation expense 87,692 - - 87,692
(Increase) decrease in accounts receivable (883,346) - - (883,346) (Increase) decrease in inventories (24,920) - - (24,920) Increase (decrease) in accounts payable 2,269,258 1,204 (3,657) 2,266,805 Increase (decrease) in accrued liabilities 1,385 (20) 168 1,533 Increase (decrease) in unearned revenue (4,950) (4,950) Increase (decrease) in deposits payable 220 220
Increase (decrease) in compensated absences 6,390 - - 6,390 Increase (decrease) in pension liability and related items 126,2 48 (1,109) 11,591 136,730 Increase (decrease) in OPEB liability and related items - - (1) (1) Total Adjustments 1,577,977 75 8,101 1,586,153
Net Cash Provided by (Used for)
Operating Activities 1,802,535$ (75,493)$ (136,561)$ 1,590,481$ Business-Type Activities - Enterprise Funds
Brea Dam
Facilities
Recreational
Parking
Facilities
Compressed
Natural Gas
Facility
115

CITY OF FULLERTON

COMBINING STATEMENT OF NET POSITION

INTERNAL SERVICE FUNDS
JUNE 30, 2022
Assets:

Current Assets:

Cash and investments 21,368,442$ 5,935,841$ 28,831,982$ 1,999,128$ 4,844,997$ Accounts receivable - 39,022 - - 1,317
Accrued interest receivable 23,348 5,242 31,659 2,204 5,262 Inventory - - - - 309,256
Prepaid items 4,000 1,744,938 - 391,212 -
Restricted:

Cash with fiscal agent - - - - -
Total Current Assets 21,395,790 7,725,043 28,863,641 2,392,544 5,160,832 Noncurrent Assets:

Capital assets - net of accumulated depreciation 1,601 7,105,591 14,777 14,901 17,964 Total Noncurrent Assets 1,601 7,105,591 14,777 14,901 17,964 Total Assets 21,397,391 14,830,634 28,878,418 2,407,445 5,178,796 Deferred Outflows of Resources:

Deferred charges on refunding 437,500 - - - -
Pension deferrals 51,477 - 55,907 65,365 250,589
Other post-employment benefits deferrals 26,199 - 13,725 27,887 137,773 Total Deferred Outflows of Resources 515,176 - 69,632 93,252 388,362 Liabilities:

Current Liabilities:

Accounts payable 12,039 46,284 12,960 63,850 239,299
Accrued liabilities 7,028 - 7,429 15,233 34,337
Accrued interest payable 27,040 1,741 - - 12,292
Unearned revenues - - - 24,609 -
Claims and judgments 3,255,331 - 1,897,480 - -
Loans payable - current - 117,561 - - -
Bonds payable - current 432,167 - - - -
Total Current Liabilities 3,733,605 165,586 1,917,869 103,692 285,928 Noncurrent Liabilities:

Claims and judgments 12,538,669 - 14,487,520 - -
Loans payable - - - - 630,442
Bonds payable 4,800,000 - - - -
Net pension liability 282,900 - 307,246 359,229 1,377,158 Net other post-employment benefits liability 150,559 - 63,573 139,059 745,516 Total Noncurrent Liabilities 17,772,128 - 14,858,339 498,288 2,753,116 Total Liabilities 21,505,733 165,586 16,776,208 601,980 3,039,044 Deferred Inflows of Resources:

Pension deferrals 179,298 - 194,727 227,674 872,822
Other post-employment benefits deferrals 38,420 - 10,211 33,161 181,079 Total Deferred Inflows of Resources 217,718 - 204,938 260,835 1,053, 901 Net Position:

Net investment in capital assets 1,601 6,988,030 14,777 14,901 - Unrestricted 187,515 7,677,018 11,952,127 1,622,981 1,474,213 Total Net Position 189,116$ 14,665,048$ 11,966,904$ 1,637,882$ 1,474,213$ Liability
Insurance
Vehicle
Replacement Workers' Comp
Group
Insurance
Equipment
Maintenance
Governmental Activities - Internal Service Funds
116

CITY OF FULLERTON

COMBINING STATEMENT OF NET POSITION

INTERNAL SERVICE FUNDS
JUNE 30, 2022
Assets:

Current Assets:

Cash and investments
Accounts receivable
Accrued interest receivable
Inventory
Prepaid items
Restricted:

Cash with fiscal agent
Total Current Assets
Noncurrent Assets:

Capital assets - net of accumulated depreciation
Total Noncurrent Assets
Total Assets
Deferred Outflows of Resources:

Deferred charges on refunding
Pension deferrals
Other post-employment benefits deferrals
Total Deferred Outflows of Resources
Liabilities:

Current Liabilities:

Accounts payable
Accrued liabilities
Accrued interest payable
Unearned revenues
Claims and judgments
Loans payable - current
Bonds payable - current
Total Current Liabilities
Noncurrent Liabilities:

Claims and judgments
Loans payable
Bonds payable
Net pension liability
Net other post-employment benefits liability
Total Noncurrent Liabilities
Total Liabilities
Deferred Inflows of Resources:

Pension deferrals
Other post-employment benefits deferrals
Total Deferred Inflows of Resources
Net Position:

Net investment in capital assets
Unrestricted
Total Net Position
Totals
3,205,004$ 2,470,805 $ 2,609,730 $ 71,265,929$ --- 40,339
3,499 2,739 1,975 75,928
--- 309,256
--- 2,140,150
- 7,918,889 - 7,918,889
3,208,503 10,392 ,433 2,611,705 81,750,491
406,910 53,366 81,788 7,696,898
406,910 53,366 81,788 7,696,898
3,615,413 10,445,799 2,693,493 89,447,389
--- 437,500
113,511 192,945 - 729,794
43,190 114,982 - 363,756
156,701 307,927 - 1,531,050
648,812 128,580 - 1,151,824
17,814 18,130 - 99,971
- 26,682 - 67,755
--- 24,609
--- 5,152,811
--- 117,561
--- 432,167
666,626 173,392 - 7,046,698
--- 27,026,189
- 8,894,000 - 9,524,442
--- 4,800,000
623,825 1,060,361 - 4,010,719
237,639 616,150 - 1,952,496
861,464 10,570,511 - 47,313,846
1,528,090 10,743 ,903 - 54,360,544
395,371 672,040 - 2,541,932
55,307 148,159 - 466,337
450,678 820,199 - 3,008,269
406,910 - 81,788 7,508,007
1,386,436 (810,376) 2,611,705 26,101,619
1,793,346$ (810,376) $ 2,693,493 $ 33,609,626 $ Information
Technology
Governmental Activities - Internal Service Funds
Building
Maintenance
Facility Capital
Repair
117

CITY OF FULLERTON

COMBINING STATEMENT OF REVENUES,

EXPENSES, AND CHANGES IN NET POSITION

INTERNAL SERVICE FUNDS
FOR THE YEAR ENDED JUNE 30, 2022
Operating Revenues:

Interfund service charges 7,348,463$ 2,822,721$ 4,429,433$ 7,325,916$ 2,957,261$ Miscellaneous 3,549 115,464 264,535 29,352 41,592
Total Operating Revenues 7,352,012 2,938,185 4,693,968 7,355,268 2,998,853 Operating Expenses:

Maintenance, operations and administration 5,003,811 41,773 866,901 7,047,385 3,032,790 Claims expense 2,869,902 - (767,784) - -
Depreciation expense - 1,012,603 2,463 2,484 10,176
Miscellaneous - 2,362 - - -
Total Operating Expenses 7,873,713 1,056,738 101,580 7,049,869 3,042,966 Operating Income (Loss) (521,701) 1,881,447 4,592,388 305,399 (44,113) Nonoperating Revenues (Expenses):

Investment earnings (466,660) (102,192) (619,060) (44,234) (102,451) Interest expense (161,674) (4,801) - - (27,168)
Gain (loss) on disposal of capital assets - (14,753) - - - Total Nonoperating Revenues (Expenses) (628,334) (121,746) (619,060) (44,234) (129,619) Income (Loss) Before Transfers (1,150,035) 1,759,701 3,973,328 261, 165 (173,732) Capital grants and contributions - 750,000 - - -
Transfers in ---- -
Transfers out (140,368) - - - (86,727)
Changes in Net Position (1,290,403) 2,509,701 3,973,328 261,165 (260,459) Net Position - Beginning 1,479,519 12,155,347 7,993,576 1,376,717 1,734,672 Net Position - Ending 189,116$ 14,665,048$ 11,966,904$ 1,637,882$ 1,474,213$ Liability
Insurance
Vehicle
Replacement Workers' Comp
Group
Insurance
Equipment
Maintenance
Governmental Activities - Internal Service Funds
118

CITY OF FULLERTON

COMBINING STATEMENT OF REVENUES,

EXPENSES, AND CHANGES IN NET POSITION

INTERNAL SERVICE FUNDS
FOR THE YEAR ENDED JUNE 30, 2022
Operating Revenues:

Interfund service charges
Miscellaneous
Total Operating Revenues
Operating Expenses:

Maintenance, operations and administration
Claims expense
Depreciation expense
Miscellaneous
Total Operating Expenses
Operating Income (Loss)
Nonoperating Revenues (Expenses):

Investment earnings
Interest expense
Gain (loss) on disposal of capital assets
Total Nonoperating Revenues (Expenses)
Income (Loss) Before Transfers
Capital grants and contributions
Transfers in
Transfers out
Changes in Net Position
Net Position - Beginning
Net Position - Ending
Totals
5,783,610$ 2,769,009 $ 561,954 $ 33,998,367$ --- 454,492
5,783,610 2,769,009 561,954 34,452,859
6,582,133 2,649,723 294 25,224,810
--- 2,102,118
143,112 7,706 14,283 1,192,827
--- 2,362
6,725,245 2,657,429 14,577 28,522,117
(941,635) 111,580 547,377 5,930,742
(70,426) (54,860) (35,662) (1,495,545)
--- (193,643)
--- (14,753)
(70,426) (54,860) (35,662) (1,703,941)
(1,012,061) 56,720 511,715 4,226,801
--- 750,000
2,037,056 - - 2,037,056
- - (495,009) (722,104)
1,024,995 56,720 16,706 6,291,753
768,351 (867,096) 2,676,787 27,317,873
1,793,346$ (810,376) $ 2,693,493 $ 33,609,626 $ Information
Technology
Building
Maintenance
Facility Capital
Repair
Governmental Activities - Internal Service Funds
119

CITY OF FULLERTON

COMBINING STATEMENT OF CASH FLOWS

INTERNAL SERVICE FUNDS
FOR THE YEAR ENDED JUNE 30, 2022
Cash Flows from Operating Activities:

Receipts from interfund charges 7,348,463$ 2,785,837$ 4,429,433$ 7,327,253$ 2,957,261$ Other receipts - 115,464 - 29,352 48,929
Payments to suppliers and service providers (1,163,231) (668,074) (572,519) (7,054,080) (2,011,472) Payments to employees for salaries and benefits (123,345) - (373,105) (298,293) (1,256,860) Payments of insurance claims (4,708,790) - (1,113,681) - - Net Cash Provided by (Used for)
Operating Activities 1,353,097 2,233,227 2,370,128 4,232 (262,142) Cash Flows from Noncapital Financing Activities:

Transfers from other funds ---- -
Cash received from short-term interfund borrowings - 412,658 - - - Principal paid on noncapital debt (420,000) - - - -
Interest paid on noncapital debt (121,601) - - - -
Transfers to other funds (140,368) - - - (86,727)
Net Cash Provided by (Used for)
Noncapital Financing Activities (681,969) 412,658 - - (86,727) Cash Flows from Capital and Related Financing Activities:

Acquisition and construction of capital assets (1,601) (1,767,705) - - - Principal paid on capital debt - (114,359) - - -
Interest paid on capital debt - (6,494) - - (27,168)
Proceeds from issuance of debt ---- -
Net Cash Provided by (Used for)
Capital and Related Financing (1,601) (1,138,558) - - (27,168) Cash Flows from Investing Activities:

Interest on investments (477,578) (104,747) (634,667) (45,229) (104,605) Net Cash Provided by (Used for)
Investing Activities (477,578) (104,747) (634,667) (45,229) (104,605) Net Increase (Decrease) in Cash and Cash Equivalents 191,949 1,402,580 1,735,461 (40,997) (480,642) Cash and Cash Equivalents, July 1 21,176,493 4,533,261 27,096,521 2,040,125 5,325,639 Cash and Cash Equivalents, June 30 21,368,442$ 5,935,841$ 28,831,982$ 1,999,128$ 4,844,997$ Reconciliation of Operating Income (Loss) to
Net Cash Provided by (Used for) Operating Activities:

Operating income (loss) (521,701)$ 1,881,447 $ 4,592,388 $ 305,399$ (44,113)$ Adjustments to Reconcile Operating Income (Loss) to
Net Cash Provided by (Used for) Operating Activities:

Depreciation expense - 1,012,603 2,463 2,484 10,176
Nonoperating miscellaneous revenues/(expenses) ---- 7,337 (Increase) decrease in accounts receivable - (34,522) - - - (Increase) decrease in inventories - - - - (93,737)
(Increase) decrease in prepaid items - (198,255) - (391,212) - Increase (decrease) in accounts payable (3,456) (428,046) 3,810 41, 100 97,135 Increase (decrease) in accrued liabilities 2,740 - 1,656 1,796 10,836 Increase (decrease) in unearned revenues - - - 1,337 -
Increase (decrease) in claims and judgments 1,870,000 - (2,146,000 )- - Increase (decrease) in pension liability and related items 5,515 - (84,189) 43,328 (249,771) Increase (decrease) in OPEB liability and related items (1) - - - (5) Total Adjustments 1,874,798 351, 780 (2,222,260) (301,167) (218,029) Net Cash Provided by (Used for)
Operating Activities 1,353,097$ 2,233,227$ 2,370,128$ 4,232$ (262,142)$ Schedule of Non-Cash Capital and Related Financing
Activities and Investing Activities:

Capital and Related Financing Activities:

Gain/(loss) on disposal of capital assets -$ (14,753)$ -$ -$ -$ Amortization of bond discount 31,160 - - - -
Total Capital and Related Financing Activities 31,160$ (14,753)$ -$ -$ -$ Investing Activities:

Unrealized gain/(loss) on investments (545,168)$ (122,082)$ (736,788)$ (51,561)$ (123,795)$ Liability
Insurance
Vehicle
Replacement Workers' Comp
Group
Insurance
Equipment
Maintenance
Governmental Activities - Internal Service Funds
120

CITY OF FULLERTON

COMBINING STATEMENT OF CASH FLOWS

INTERNAL SERVICE FUNDS
FOR THE YEAR ENDED JUNE 30, 2022
Cash Flows from Operating Activities:

Receipts from interfund charges
Other receipts
Payments to suppliers and service providers
Payments to employees for salaries and benefits
Payments of insurance claims
Net Cash Provided by (Used for)
Operating Activities
Cash Flows from Noncapital Financing Activities:

Transfers from other funds
Cash received from short-term interfund borrowings
Principal paid on noncapital debt
Interest paid on noncapital debt
Transfers to other funds
Net Cash Provided by (Used for)
Noncapital Financing Activities
Cash Flows from Capital and Related Financing Activities:

Acquisition and construction of capital assets
Principal paid on capital debt
Interest paid on capital debt
Proceeds from issuance of debt
Net Cash Provided by (Used for)
Capital and Related Financing
Cash Flows from Investing Activities:

Interest on investments
Net Cash Provided by (Used for)
Investing Activities
Net Increase (Decrease) in Cash and Cash Equivalents
Cash and Cash Equivalents, July 1
Cash and Cash Equivalents, June 30
Reconciliation of Operating Income (Loss) to
Net Cash Provided by (Used for) Operating Activities:

Operating income (loss)
Adjustments to Reconcile Operating Income (Loss) to
Net Cash Provided by (Used for) Operating Activities:

Depreciation expense
Nonoperating miscellaneous revenues/(expenses)
(Increase) decrease in accounts receivable
(Increase) decrease in inventories
(Increase) decrease in prepaid items
Increase (decrease) in accounts payable
Increase (decrease) in accrued liabilities
Increase (decrease) in unearned revenues
Increase (decrease) in claims and judgments
Increase (decrease) in pension liability and related items Increase (decrease) in OPEB liability and related items Total Adjustments
Net Cash Provided by (Used for)
Operating Activities
Schedule of Non-Cash Capital and Related Financing
Activities and Investing Activities:

Capital and Related Financing Activities:

Gain/(loss) on disposal of capital assets
Amortization of bond discount
Total Capital and Related Financing Activities
Investing Activities:

Unrealized gain/(loss) on investments
Totals
5,783,610$ 2,769,009 $ 561,954$ 33,962,820$ --- 193,745
(6,290,094) (2,063,637) (294) (19,823,401)
(202,323) (637,752) - (2,891,678)
--- (5,822,471)
(708,807) 67,620 561,660 5,619,015
2,037,056 - - 2,037,056
--- 412,658
--- (420,000)
--- (121,601)
- - (495,009) (722,104)
2,037,056 - (495,009) 1,186,009
--- (1,769,306)
--- (114,359)
-2 6,682 - (6,980)
- 8,894,000 - 8,894,000
- 8,920,682 - 7,753,355
(72,797) (56,734) (36,556) (1,532,913)
(72,797) (56,734) (36,556) (1,532,913)
1,255,452 8,931,568 30,095 13,025,466
1,949,552 1,458,126 2,579,635 66,159,352
3,205,004$ 10,389,694$ 2,609,730$ 79,184,818$ (941,635)$ 111,580 $ 547,377$ 5,930,742$ 143,112 7,706 14,283 1,192,827
--- 7,337
--- (34,522)
--- (93,737)
--- (589,467)
176,253 (67,566) - (180,770)
7,658 (1,159) - 23,527
--- 1,337
--- (276,000)
(94,195) 17,063 - (362,249)
-( 4) - (10)
232,828 (43,960) 14,283 (311,727)
(708,807)$ 67,620 $ 561,660$ 5,619,015$ -$ - $ - $ (14,753)$ --- 31,160
-$ - $ - $ 16,407$ (79,462)$ (62,156) $ (46,195)$ (1,767,207)$ Information
Technology
Building
Maintenance
Facility Capital
Repair
Governmental Activities - Internal Service Funds
121

CITY OF FULLERTON

COMBINING STATEMENT OF FIDUCIARY NET POSITION

CUSTODIAL FUNDS
JUNE 30, 2022
Assets:

Cash and cash equivalents 75,605$ 869,413$ 390,864 $ 1,335,882$ Total Assets 75,605 869,413 390,864 1,335,882
Liabilities:

Accounts payable 17,922 3,878 - 21,800
Total Liabilities 17,922 3,878 - 21,800
Net Position:

Restricted for individuals, organizations, and other governments 57,683 865,535 390,864 1,314,082 Total Net Position 57,683$ 865,535$ 390,864$ 1,314,082$ Total
Collections for
Other
Governments
Community
Facilities
Districts
Assessment
Districts
122

CITY OF FULLERTON

COMBINING STATEMENT OF CHANGES IN FIDUCIARY NET POSITION

CUSTODIAL FUNDS
FOR THE YEAR ENDED JUNE 30, 2022
Additions:

Miscellaneous 156,680$ 1,959,173 $ 1,367 $ 2,117,220$ Total Additions 156,680 1,959,173 1,367 2,117,220
Deductions:

Miscellaneous 204,422 1,990,679 - 2,195,101
Total Deductions 204,422 1,990,679 - 2,195,101
Changes in Net Position (47,742) (31,506) 1,367 (77,881) Net Position - Beginning, as Originally Reported 104,478 (22,048,975) 389,497 (21,555,000) -
Restatement of Net Position 947 22,946,016 - 22,946,963 Net Position - Beginning, as Restated 105,425 897,041 389,497 1,391,963 Net Position - Ending 57,683$ 865,535$ 390,864$ 1,314,082$ Collections for
Other
Governments
Community
Facilities
Districts
Assessment
Districts Total
123
7+,63$*(,17(17,21$//</()7%/$1.
124
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125
City of Fullerton
Net Position by Component
Last Ten Fiscal Years
(accrual basis of accounting)
(in Thousands)
2012-13 2013-14 2014-15 2015-16 2016-17
Governmental activities
Net investment in capital assets 302,884$ 306,424$ 343,504$ 384,032$ 406,560$ Restricted 31,113 30,585 28,620 26,427 27,704
Unrestricted 22,343 33,585 (128,432) (122,478) (123,501) Total governmental activities net position 356,340$ 370,594 $ 243,692 $ 287,981 $ 310,763$ Business-type activities
Net investment in capital assets 77,139$ 80,109$ 87,838$ 93,508$ 97,142$ Restricted 885 556 308 279 276
Unrestricted 20,826 24,948 10,579 11,119 14,490
Total business-type activities net position 98,850$ 105,613$ 98,725$ 104,906$ 111,908$ Primary government
Net investment in capital assets 380,023$ 386,533$ 431,342$ 477,540$ 503,701$ Restricted 31,998 31,141 28,928 26,706 27,980
Unrestricted 43,169 58,533 (117,853) (111,358) (109,010) Total primary government net position 455,190$ 476,207$ 342,417$ 392,887$ 422,671$ Fiscal Year
126
City of Fullerton
Net Position by Component
Last Ten Fiscal Years
(accrual basis of accounting)
(in Thousands)
Governmental activities
Net investment in capital assets
Restricted
Unrestricted
Total governmental activities net position
Business-type activities
Net investment in capital assets
Restricted
Unrestricted
Total business-type activities net position
Primary government
Net investment in capital assets
Restricted
Unrestricted
Total primary government net position
2017-18 2018-19 2019-20 2020-21 2021-22
428,099$ 450,340 $ 469,893 $ 473,537 $ 486,642 $ 39,316 42,006 41,568 41,442 42,423
(169,976) (170,220) (181,629) (190,128) (156,105)
297,439$ 322,126 $ 329,832 $ 324,851 $ 372,960$ 102,771$ 108,226 $ 114,443 $ 122,811 $ 134,468 $ 298 300 300 289 260
14,223 16,408 18,156 27,727 41,377
117,292$ 124,934 $ 132,899 $ 150,827 $ 176,105 $ 530,870$ 558,566 $ 584,336 $ 596,348 $ 621,110 $ 39,614 42,306 41,868 41,731$ 42,683$
(155,753) (153,812) (163,473) (162,401) $ (114,728) $ 414,731$ 447,060 $ 462,731 $ 475,678 $ 549,065 $ Fiscal Year
127
City of Fullerton
Changes in Net Position
Last Ten Fiscal Years
(accrual basis of accounting)
(in Thousands)
2012-13 2013-14 2014-15 2015-16 2016-17
Expenses
Governmental activities:

General government 11,135 $ 3,607 $ 4,983 $ 1,799 $ 1,594 $ Public safety 52,627 54,469 55,089 57,569 65,249
Public works 20,571 17,039 18,598 23,129 26,944
Community development 7,975 8,074 8,583 5,539 6,687
Human and leisure 9,729 10,661 11,110 11,741 11,670
Refuse collection 9,964 10,011 10,077 10,181 10,384
Interest on long-term debt 259 533 554 431 378
Total governmental activities net expenses 112,260 104,394 108,994 110,389 122,906 Business-type activities:

Water utility 24,892 27,929 26,929 24,991 27,268
Airport 1,396 1,517 1,445 1,492 1,526
Parking facilities 25 51 29 28 28
Brea Dam recreational facilities 2,983 2,899 2,745 2,764 2,8 57 Compressed Natural Gas facility 65 412 522 458 396
Sewer enterprise 3,886 2,384 3,375 3,076 3,495
Total business-type activities net expenses 33,247 35,192 35,045 32,809 35,570 Total primary government expenses 145,507$ 139,586$ 144,039$ 143,198$ 158,476$ Program Revenues
Governmental activities:

Charges for services:

General government 429 $ 547 $ 1,553 $ 820 $ 778 $ Public safety 4,823 5,140 5,066 5,035 5,071
Public works 7,259 7,723 7,691 7,300 8,195
Community development 3,681 4,529 4,085 3,810 4,548
Human and leisure 1,468 3,288 8,400 1,547 4,399
Refuse collection 10,170 10,255 10,449 10,569 10,788
Operating grants and contributions 8,033 8,990 8,820 8,473 13,74 8 Capital grants and contributions 16,206 35,283 39,543 29,053 22,761 Total governmental activities program revenues 52,069 75,755 85,607 66,607 70,288 Fiscal Year
128
City of Fullerton
Changes in Net Position
Last Ten Fiscal Years
(accrual basis of accounting)
(in Thousands)
Expenses
Governmental activities:

General government
Public safety
Public works
Community development
Human and leisure
Refuse collection
Interest on long-term debt
Total governmental activities net expenses
Business-type activities:

Water utility
Airport
Parking facilities
Brea Dam recreational facilities
Compressed Natural Gas facility
Sewer enterprise
Total business-type activities net expenses
Total primary government expenses
Program Revenues
Governmental activities:

Charges for services:

General government
Public safety
Public works
Community development
Human and leisure
Refuse collection
Operating grants and contributions
Capital grants and contributions
Total governmental activities program revenues
2017-18 2018-19 2019-20 2020-21 2021-22
6,862$ 5,675 $ 6,368 $ 7,814 $ 7,941 $ 75,773 76,743 83,043 83,200 74,950
28,183 24,726 26,077 24,617 24,819
8,761 10,645 8,524 10,123 7,194
12,670 13,065 13,574 11,058 11,134
10,394 10,878 11,716 12,862 12,766
358 391 410 336 241
143,001 142,123 149,712 150,010 139,044
30,290 27,806 32,315 32,167 31,070
1,667 1,831 2,493 1,953 2,227
45 23 104 97 73
2,770 2,945 2,679 2,729 3,978
274 140 196 170 285
3,735 3,384 4,831 3,412 3,579
38,781 36,129 42,618 40,528 41,212
181,782$ 178,252 $ 192,330 $ 190,538 $ 180,256 $ 1,305$ 1,222 $ 962 $ 1,857 $ 1,593 $ 5,179 7,209 7,945 7,095 8,284
9,717 11,587 11,449 11,618 11,686
4,515 4,850 3,936 4,359 5,977
1,809 5,387 1,356 1,552 1,000
10,894 11,661 12,059 13,107 13,728
8,897 9,035 10,538 13,978 12,589
23,180 27,752 4,796 3,725 20,434
65,496 78,703 53,041 57,291 75,291
Fiscal Year
129
City of Fullerton
Changes in Net Position
Last Ten Fiscal Years
(accrual basis of accounting)
(in Thousands)
2012-13 2013-14 2014-15 2015-16 2016-17
Business-type activities:

Charges for services:

Water utility 25,524 29,454 28,715 27,041 30,021
Airport 1,660 1,643 1,650 1,885 1,823
Parking facilities 25 - - 17 24
Brea Dam recreational facilities 2,996 3,017 3,083 2,918 2,7 25 Compressed Natural Gas facility 95 510 385 552 313
Sewer enterprise 6,770 6,799 6,418 5,844 5,948
Operating grants and contributions - -
Capital grants and contributions 520 79 457 420 1,417
Total business-type activities program revenues 37,590 41,502 40,708 38,677 42,271 Primary government program revenues 89,659$ 117,257$ 126,315$ 108,965$ 107,767$ Net (Expense)/Revenue
Governmental activities (60,192)$ (28,638)$ (23,387)$ (43,783)$ (52,618)$ Business-type activities 4,344 6,309 5,663 5,869 6,701
Total primary government net expense (55,848)$ (22,329)$ (17,724)$ (37,914)$ (45,917)$ General Revenues and
Other Changes in Net Position
Governmental activities:

Property taxes 37,226 $ 32,950 $ 35,723 $ 37,840 $ 39,738 $ Sales taxes 19,704 20,582 20,643 23,000 21,456
Franchise taxes 3,929 3,971 4,392 4,383 4,181
Other Taxes
Unrestricted motor vehicle in-lieu taxes 130 57 57 64
Unrestricted investment earnings
Use of money and property 1,676 3,636 3,858 4,615 3,976 Miscellaneous 4,189 4,283 4,699 4,823 6,024
Transfers (34) (36) (36) (36) (36)
Extraordinary item (980) (22,359) - 13,667
Gain on sale of capital asset
Total governmental activities 65,840 43,027 69,336 88,349 75,403 Business-type activities:

Property taxes 63 93 105 104 110
Use of money and property 43 80 39 41 38
Miscellaneous 213 244 366 132 117
Transfers 34 36 36 36 36
Total business-type activities 353 453 546 313 301
Total primary government 66,193$ 43,480$ 69,882$ 88,662$ 75,704$ Change in Net Position
Governmental activities 5,648$ 14,388$ 45,948$ 44,566$ 22,782$ Business-type activities 4,697 6,763 6,210 6,182 7,002
Total primary government 10,345$ 21,151$ 52,158$ 50,748$ 29,784$ Fiscal Year
(1)
130
City of Fullerton
Changes in Net Position
Last Ten Fiscal Years
(accrual basis of accounting)
(in Thousands)
Business-type activities:

Charges for services:

Water utility
Airport
Parking facilities
Brea Dam recreational facilities
Compressed Natural Gas facility
Sewer enterprise
Operating grants and contributions
Capital grants and contributions
Total business-type activities program revenues
Primary government program revenues
Net (Expense)/Revenue
Governmental activities
Business-type activities
Total primary government net expense
General Revenues and
Other Changes in Net Position
Governmental activities:

Property taxes
Sales taxes
Franchise taxes
Other Taxes
Unrestricted motor vehicle in-lieu taxes
Unrestricted investment earnings
Use of money and property
Miscellaneous
Transfers
Extraordinary item
Gain on sale of capital asset
Total governmental activities
Business-type activities:

Property taxes
Use of money and property
Miscellaneous
Transfers
Total business-type activities
Total primary government
Change in Net Position
Governmental activities
Business-type activities
Total primary government
2017-18 2018-19 2019-20 2020-21 2021-22
33,095 32,715 37,786 44,691 49,901
1,775 1,884 1,849 1,822 1,885
16 12 8 - -
2,863 2,510 2,448 3,958 4,256
421 222 190 170 150
6,390 6,044 5,944 6,212 6,061
-1 08
189 185 567 1,302 4,930
44,749 43,572 48,792 58,156 67,292
123,452$ 122,275 $ 101,833 $ 115,447 $ 142,583 $ (77,505)$ (63,420) $ (96,671) $ (92,719) $ (63,753) $ 5,968 7,443 6,174 17,628 26,080
(71,537)$ (55,977) $ (90,497) $ (75,091) $ (37,673) $ 42,146$ 44,204 $ 46,258 $ 50,150 $ 50,894 $ 21,834 24,438 23,095 25,571 30,494
4,336 4,493 4,358 4,382 4,468
5,552
75 69 113 104 161
4,594 8,444 7,453 3,271 372
5,558 6,459 5,249 3,898 1,147
(290) 186 396
17,850 18,378
3,150
81,403 88,107 104,376 87,562 111,862
98 87 107 88 113
40 45 1,612 227 (861)
166 67 71 172 798
290 - (186) (396)
594 199 1,790 301 (346)
81,997$ 88,306 $ 106,166 $ 87,863 $ 111,516 $ 3,898$ 24,687 $ 7,705 $ (5,157) $ 48,109 $ 6,562 7,642 7,964 17,929 25,734
10,460$ 32,329 $ 15,669 $ 12,772 $ 73,843 $ Fiscal Year
131
City of Fullerton
Fund Balances of Governmental Funds
Last Ten Fiscal Years
(modified accrual basis of accounting)
(in Thousands)
2012-13 2013-14 2014-15 2015-16 2016-17
General Fund
Reserved -$ - $ - $ - $ - $ Unreserved
Nonspendable 20 11 13 11 68
Restricted
Committed 7,422 7,679 7,967 8,743 9,139
Assigned
Unassigned 8,164 7,888 9,231 6,139 1,522
Total general fund 15,606$ 15,578$ 17,211$ 14,893$ 10,729$ All Other Governmental Funds
Reserved -$ - $ - $ - $ - $ Unreserved, reported in:

Special revenue funds
Capital projects funds
Debt service funds
Nonspendable
Special revenue funds 18,047 17,821
Capital projects funds - -
Other governmental funds -
Restricted
Special revenue funds 54 147 17,943 17,769 17,921
Capital projects funds -
Debt service funds -
Other governmental funds 10,960 10,361 10,677 8,658 9,783 Committed
Special revenue funds 12,209 10,681 10,473
Other governmental funds 11,320 13,849 9,520 10,227 9,445 Assigned
Special revenue funds
Capital projects funds -
Unassigned
Special revenue funds (197) (237) (97) (39) (77)
Capital projects funds (1,350) (18,281) (1,528) (4,187) (10, 441) Other governmental funds
Total all other governmental funds 38,834$ 23,660$ 48,724$ 43,109$ 37,104$ Beginning in 2011, the City started reporting fund balance in conformity with GASB Statement 54, which changed how fund balance is classified.

Fiscal Year
132
City of Fullerton
Fund Balances of Governmental Funds
Last Ten Fiscal Years
(modified accrual basis of accounting)
(in Thousands)
2017-18 2018-19 2019-20 2020-21 2021-22
-$ - $ -$ - $ - $ 290 7 3,214 2,908 713
1,386 672 1,514 1,519
439
8,992 15,656 13,958 16,140 18,570
4,999 5,432 217 - 4,034
14,281$ 22,481 $ 18,061 $ 20,562 $ 25,275 $ -$ - $ -$ - $ - $ 170 52
1 21,355 55
17,962 40,620 40,897 39,873 40,903
1,429
(172) (189) (327) (1,015) (2,036)
(3,233) (20,501) (1,391) - (446)
(847) (1,473)
35,912$ 19,930 $ 39,179 $ 39,666 $ 37,000 $ Fiscal Year
133
City of Fullerton
Changes in Fund Balances of Governmental Funds
Last Ten Fiscal Years
(modified accrual basis of accounting)
(in Thousands)
2012-13 2013-14 2014-15 2015-16 2016-17
Revenues
Taxes 60,696$ 57,394$ 60,558$ 65,275$ 66,134$ Franchise fees 3,929 3,971 4,392 4,383 4,181
Licenses and permits 1,434 1,766 2,283 1,877 2,037
Fines and forfeitures 1,686 1,586 1,751 1,628 1,513
Investment income 1,711 3,430 3,595 4,156 3,897
Intergovernmental 22,386 24,948 68,498 34,616 31,140
Charges for services 23,447 27,237 31,870 24,449 28,913 Other 2,066 1,448 1,284 948 1,820
Total revenues 117,355 121,780 174,231 137,332 139,635 Expenditures
Current
General government 6,572 4,577 5,396 5,197 5,230
Public safety 51,546 53 ,909 55,877 61,631 64,986
Public works 11,929 12,935 13,209 14,337 17,927
Community development 4,315 4,661 4,982 5,746 6,717
Human and leisure 8,545 9,205 9,400 10,047 9,876
Refuse collection 9,964 10,011 10,078 10,183 10,385
Debt service
Principal retired 813 753 764 712 722
Interest and fiscal charges 255 217 180 103 29
ERAF/SERAF payments
Pass through payment to taxing agencies
Capital outlay 18,805 39,276 47,912 37,338 37,012
Total expenditures 112,744 135,544 147,798 145,294 152,884 Excess (deficiency) of revenues
over (under) expenditures 4,611 (13,764) 26,433 (7,962) (13,249 ) Other Financing Sources (Uses)
Contributions from the Successor Agency 195
Bonds issued
Bond premium
Loss on disposition of assets
Proceeds from sale of capital asset 6 7 12 53
SERAF payment
Transfers in 11,415 6,845 6,292 8,992 9,460
Transfers out (8,276) (8,155) (6,040) (8,739) (8,853)
Capital Leases 2,473
Total other financing sources (uses) 3,340 (1,303) 264 306 3,080 Extraordinary item -
Net change in fund balances 6,971 (15,067) 26,697 (7,656) (10,16 9) Fund balances - July 1 47,469 54,440 39,238 65,935 58,002 Restatements 0 (135) (277)
Fund balances - June 30 54,440$ 39,238$ 65,935$ 58,002$ 47,833$ Debt service as a percentage of
noncapital expenditures 1.10% 1.00% 0.92% 0.75% 0.64%
Fiscal Years
134
City of Fullerton
Changes in Fund Balances of Governmental Funds
Last Ten Fiscal Years
(modified accrual basis of accounting)
(in Thousands)
Revenues
Taxes
Franchise fees
Licenses and permits
Fines and forfeitures
Investment income
Intergovernmental
Charges for services
Other
Total revenues
Expenditures
Current
General government
Public safety
Public works
Community development
Human and leisure
Refuse collection
Debt service
Principal retired
Interest and fiscal charges
ERAF/SERAF payments
Pass through payment to taxing agencies
Capital outlay
Total expenditures
Excess (deficiency) of revenues
over (under) expenditures
Other Financing Sources (Uses)
Contributions from the Successor Agency
Bonds issued
Bond premium
Loss on disposition of assets
Proceeds from sale of capital asset
SERAF payment
Transfers in
Transfers out
Capital Leases
Total other financing sources (uses)
Extraordinary item -
Net change in fund balances
Fund balances - July 1
Restatements
Fund balances - June 30
Debt service as a percentage of
noncapital expenditures
2017-18 2018-19 2019-20 2020-21 2021-22
68,810$ 73,901 $ 73,850 $ 79,279 $ 87,136 $ 4,335 4,493 4,145 4,182 4,270 2,284 2,784 2,146 2,406 2,737 1,674 1,658 1,239 1,014 1,692 4,399 6,895 5,185 3,013 1,868 42,575 20,611 37,715 23,343 35,760 26,383 33,008 30,505 31,430 32,997 1,624 1,958 1,464 1,160 1,302 152,084 145,308 156,249 145,827 167,762 4,466 4,922 5,870 7,506 7,462 65,519 68,958 72,921 72,970 76,740 15,428 16,590 16,926 16,244 17,265 6,763 6,601 7,940 9,780 7,219 9,980 10,480 10,668 8,704 9,307 10,737 11,166 11,899 12,714 13,208 519 806 745 252 259 18 13 66 54 47 38,426 33,636 15,483 14,947 33,289 151,856 153,172 142,518 143,171 164,796
228 (7,864) 13,731 2,656 2,966 (1,395) (3,406)
3,150 2,411
15,170 10,637 13,711 15,573 11,958
(14,793) (9,560) (15,513) (15,418) (12,876)
2,132 82 (1,802) 155 (918)
2,900
2,361 (7,782) 14,829 2,811 2,048
47,832 50,193 42,411 57,240 60,228
177 0
50,193$ 42,411 $ 57,240 $ 60,228 $ 62,276 $

0.47% 0.69% 0.64% 0.24% 0.23%
Fiscal Years
135
City of Fullerton
Assessed Value and Actual Value of Taxable Property
Last Ten Fiscal Years
(in Thousands)
Total Taxable
Fiscal Residential Commercial Industrial Agricultural** Other* Tax-Ex empt Assessed Total Direct Year Property Property Property Prop erty Property Property Value Tax Rate 2012-13 11,097,680 1,639,211 1,338,964 6,246 - 14,082,101 1.0614 2013-14 11,479,863 1,694,648 1,381,108 6,368 - 14,561,987 1.0568 2014-15 12,261,966 1,744,831 1,395,924 6,320 - 15,409,041 1.0543 2015-16 13,055,598 1,778,875 1,474,548 6,443 - 16,315,464 1.0649 2016-17 13,709,472 1,841,370 1,453,964 6,539 - 17,011,345 1.0798 2017-18 14,398,621 1,927,864 1,603,068 6,666 - 17,936,219 1.0816 2018-19 15,200,869 2,089,736 1,697,146 516 - 18,988,267 1.0785 2019-20 15,955,232 2,253,396 1,792,068 1,518 - 20,002,214 1.0737 2020-21 16,628,149 2,844,107 1,990,344 1,520 - 21,464,120 1.0825 2021-22 17,250,541 2,538,472 2,033,533 6,975 1,422 - 21,830,943 1.0769 *Other property includes water, mineral rights, rural, extensions, and unique miscellaneous. Values have changed due to reclassification.
**FY 21/22 Agricultural classification is added
Source: Orange County Assessor
136
City of Fullerton
Principal Property Tax Payers
Current Year and Nine Years Ago
Percentage Percentage
of Total City of Total City
Taxable Taxable Taxable Taxable
Assessed Assessed Assessed Assessed
Taxpayer Value Rank Value Value Rank Value
GLC Fullerton LLC 205,118,449$ 1 0.90
Aspect Acquisition LLC 138,643,658$ 2 0.61
Prologis USLV Subreit 3 LLC 128,404,631$ 3 0.57
FHF I Amerige Pointe LLC 124,121,941 $ 4 0.55
3503 RP Fullerton Metrocenter Land LLC 118,954,414$ 5 0.52 Uptown Fullerton LLC 106,148,009$ 6 0.47
University House Fullerton LLC 97,646,351$ 7 0.43 Corecare III 94,765,541$ 8 0.42
Rreef America Reit II Corporation 93,238,264 $ 9 0.41 Realty Income Propertis 14 LLC 86,000,000$ 10 0.38 Kimberly-Clark Worldwide Inc 154,905,176$ 1 1.03 Rreef America Reit II Corporation 78,882,414 2 0.53
Corecare III 70,548,019 3 0.47
Kraft Foods Global Inc 65,457,248 4 0.44
Sfers Real Estate Corporation 58,899,944 5 0.39
Amerige Heights Apartments LLC 57,752,477 6 0.39
Beckman Instruments Inc 56,097,386 7 0.37
Breitburn Energy Partners 55,802,756 8 0.37
PK I Fullerton Town Center LP 55,017,875 9 0.37
CPT Parkside LP 54,596,833 10 0.36
1,193,041,258$ 5.26% 707,960,128 $ 4.72%
Source: Orange County Assessment Rolls and HdL Companies Excludes government and tax-exempt property owners
2021-22 2012-13
%
%
137
City of Fullerton
Secured Property Tax Levies and Collections
Last Ten Fiscal Years
Collections in
Subsequent
Years
Fiscal Year
ended June 30 Total Tax Levy Amount % of Levy Amount % of Levy 2013 19,978,708 19,625,807 98. 23 209,533 19,835,340 99.28 2014 20,444,654 20,167,631 98. 65 170,860 20,338,491 99.48 2015 21,759,590 21,412,516 98. 40 162,109 21,574,625 99.15 2016 22,974,457 22,718,019 98. 88 159,395 22,877,414 99.58 2017 23,839,526 23,583,249 98. 92 141,968 23,725,217 99.52 2018 24,908,566 24,706,931 99. 19 142,799 24,849,730 99.76 2019 26,273,796 25,981,413 98. 89 157,559 26,138,972 99.49 2020 27,520,292 27,217,700 98. 90 214,101 27,431,801 99.68 2021 29,380,451 29,133,624 99. 16 207,733 29,341,357 99.87 2022 29,446,168 29,147,874 98.99 N/A 29,147,874 98.99
Property tax totals are net of 1915 act bond assessment distric t levies.

Collected within the Fiscal Year of the Levy Total Collections to Date Source: Orange County Auditor/Controller
138
City of Fullerton
Ratios of Outstanding Debt by Type
Last Ten Fiscal Years
(amounts expressed in thousands, except per capita amounts) Governmental Activities Business-Type Activities Total % of Fiscal Revenue Capital Section 108 Revenue Capital Construction Prim ary Personal Per Year Bonds Leases Loans Bonds Leases Loan Government Income (1) Capita (1) 2012-13 970 3,500 9,820 24 4,225 18,539 0.45% 134
2013-14 6,990 717 3,000 9,230 - 2,969 22,906 0.55% 163
2014-15 6,725 453 2,500 8,940 2,523 21,141 0.49% 150
2015-16 6,455 2,733 2,000 8,485 2,059 21,732 0.51% 154
2016-17 6,135 4,208 1,500 8,766 1,575 22,184 0.51% 157
2017-18 5,858 4,799 1,000 8,236 1,071 20,964 0.46% 145
2018-19 5,575 3,832 500 7,691 546 18,144 0.38% 126
2019-20 5,283 2,942 - 7,017 - - 15,242 0.30% 107
2020-21 5,649 2,531 - 6,606 - - 14,786 0.28% 106
2021-22 5,232 11,052 - 6,169 - - 22,453 NYA 157
Note: Details regarding the outstanding debt can be found in the notes to the financial statements. (1) See the Schedule of Demographic and Economic Statistics for personal income and population data.

NYA = Not Yet Available
139
City of Fullerton
Direct and Overlapping Property Tax Rates
Last Ten Fiscal Years
(rate per $1,000 of assessed value)
N. OC Placentia Metro
Fiscal City Fullerton Anaheim Brea Olinda Buena Park La Habra Communi ty Yorba Linda Water Year Direct Rate Schools Schools Sc hools Schools Schools College School s District 2012-13 1.0000 0.04239 0.08240 0.0 2365 0.01809 0.02644 0.01902 0.06203 0.00350 2013-14 1.0000 0.03971 0.08468 0.0 2470 0.01662 0.02746 0.01704 0.06525 0.00350 2014-15 1.0000 0.03721 0.05279 0.0 2528 0.04793 0.02612 0.01704 0.05822 0.00350 2015-16 1.0000 0.03447 0.09175 0.0 2292 0.01628 0.02546 0.03043 0.05665 0.00350 2016-17 1.0000 0.05091 0.08720 0.0 2298 0.03570 0.02719 0.02885 0.05475 0.00350 2017-18 1.0000 0.05237 0.06713 0.0 2325 0.03455 0.03058 0.02927 0.05529 0.00350 2018-19 1.0000 0.05025 0.09303 0.0 2370 0.03034 0.03084 0.02829 0.05261 0.00350 2019-20 1.0000 0.04960 0.09911 0.0 2291 0.03593 0.03353 0.02409 0.04848 0.00350 2020-21 1.0000 0.05055 0.10566 0.0 2489 0.03396 0.03617 0.03198 0.06032 0.00350 2021-22 1.0000 0.04812 0.10125 0.0 2376 0.04206 0.04090 0.02877 0.04849 0.00350 N. OC Total
Fiscal City Fullerton Community Direct
Year Direct Rate Schools College Tax Rate
2012-13 1.0000 0.04239 0.01902 1.0614
2013-14 1.0000 0.03971 0.01704 1.0568
2014-15 1.0000 0.03721 0.01704 1.0543
2015-16 1.0000 0.03447 0.03043 1.0649
2016-17 1.0000 0.05091 0.02885 1.0798
2017-18 1.0000 0.05237 0.02927 1.0816
2018-19 1.0000 0.05025 0.02829 1.0785
2019-20 1.0000 0.04960 0.02409 1.0737
2020-21 1.0000 0.05055 0.03198 1.0825
2021-22 1.0000 0.04812 0.02877 1.0769
Source: Orange County Assessor Tax Rate Table
Overlapping Rates
Total Direct Tax Rate
140
City of Fullerton
Direct and Overlapping Governmental Activities Debt
As of June 30, 2022
(in Thousands) Estimated
Estimated Share of
Debt Percentage Overlapping
Governmental Unit Outstanding Applicable 1 Debt
Debt repaid with property taxes: Orange County and Fullerton School Districts 162,932 $ 0.75% 1,216 $ Subtotal, overlapping debt 1,216$
City of Fullerton direct debt $5,238 5,238
Total direct and overlapping debt 6,454$
schedule estimates the portion of the outstanding debt of those overlapping governments that is born by the residents and businesses of the City of Fullerton. This process recognizes that, when considering the government's ability to issue However, this does not imply that every taxpayer is a resident, and therefore responsible for repaying the debt, of each overlapping government.
1 The percentage of overlapping debt applicable is estimated using net taxable assessed property values. Applicable percentages were estimated by determining the portion of the county's taxable assessed value that is within the government's boundaries and dividing it by the county's total taxable assessed value. and repay long-term debt, the entire debt burden born by the residents and businesses should be taken into account.

Sources: Assessed value data used to estimate applicable percentages provided by the County Board of Equalization and Assessment. Debt outstanding data provided by the county.

Note: Overlapping governments are those that coincide, at least in part, with the geographic boundaries of the city. This 141
City of Fullerton
Legal Debt Margin Information
Last Ten Fiscal Years
(in Thousands)
2013 (1) 2014 (1) 2015 (1) 2016 (1) 2017 (1)
Debt limit 2,112,315$ 2,184,298$ 2,311,356$ 2,447,320$ 2,551,702$ Total net debt applicable to limit 0 0 0 0 0
Legal debt margin 2,112,315$ 2,184,298$ 2,311,356$ 2,447,320$ 2,551,702$ Total net debt applicable to the
limit as a percentage of debt limit 0% 0% 0% 0% 0%
Legal Debt Margin Calculation for Fiscal Year 2021-22
Assessed value 21,830,943$
Add back: exempt real property -
Total Assessed Value 21,830,943$
Debt limit
(15% of total assessed value) 3,274,641$
Debt applicable to limit: 0
Legal debt margin 3,274,641$
Note: Under state finance law, the City of Fullerton's outstanding general obligation debt should not exceed 15 percent of total assessed property value. By law, the general obligation debt subject to the limitation may be offset by amounts set aside for repaying general obligation bonds.
(1) Net Taxable Value was used for the calculation rather than Assessed Value as in previous years.

Fiscal Year
142
City of Fullerton
Legal Debt Margin Information
Last Ten Fiscal Years
(in Thousands)
2018 (1) 2019 (1) 2020 (1) 2021 (1) 2022 (1)
2,690,433$ 2,848,240 $ 3,219,618 $ 3,219,618 $ 3,274,641 $ 00 0 0 0
2,690,433$ 2,848,240 $ 3,219,618 $ 3,219,618 $ 3,274,641 $ 0% 0% 0% 0% 0%
Fiscal Year
143
City of Fullerton
Revenue Bond Coverage
Fiscal Gross
Year Revenue (1) Principal Interest Total Coverage
2016 4,125,954$ 350,000 $ 273,663 $ 623,663 $ 6.62 2017 4,826,465 360,000 263,013 623,013 7.75
2018 3,670,038 370,000 252,063 622,063 5.90
2019 6,036,975 380,000 240,813 620,813 9.72
2020 6,908,323 390,000 231,213 621,213 11.12
2021 14,593,816 250,000 222,313 472,313 30.90
2022 19,634,918 265,000 212,013 477,013 41.16
(1) All water system net available revenue (operating income adjusted by depreciation expenses) Fiscal Gross
Year Revenue (1) Principal Interest Total Coverage
2013 2,954,820 200,000 350,800 550,800 5.36
2014 3,889,609 200,000 343,550 550,800 7.06
2015 N/A 0 0 0 N/A
2016 N/A 0 0 0 N/A
2017 N/A 0 0 0 N/A
2018 N/A 0 0 0 N/A
2019 N/A 0 0 0 N/A
2020 N/A 0 0 0 N/A
2021 N/A 0 0 0 N/A
2022 N/A 0 0 0 N/A
(1) All water system net available revenue (operating income adjusted by depreciation expenses) *The bonds were retired in March of 2014
Fiscal Gross
Year Revenue (1) Principal Interest Total Coverage
2013 - 825,000 84,869 909,869 0.00
2014 - 850,000 52,400 902,400 0.00
2015 - 885,000 17,700 902,700 0.00
2016 N/A 0 0 0 N/A
2017 N/A 0 0 0 N/A
2018 N/A 0 0 0 N/A
2019 N/A 0 0 0 N/A
2020 N/A 0 0 0 N/A
2021 N/A 0 0 0 N/A
2022 N/A 0 0 0 N/A
(1) Total Debt Service Fund revenues for Central and East Fullerton Redevelopment Project Areas. (3) The Redevelopment Agency was dissolved on February 1, 2012. *2003 COP fully retired in FY 14/15
Note- Gross Revenue comes from the ACFR financial statements not the GL 2014 Water Revenue Refunding Bonds
Debt Service Requirements
Last Seven Fiscal Years
2003 Refunding Certificates of Participation (3)
Last Ten Fiscal Years
Debt Service Requirements
Debt Service Requirements
2004 Water Revenue Certificates of Participation
Last Ten Fiscal Years
144
City of Fullerton
Revenue Bond Coverage
Fiscal Gross
Year Revenue (1) Principal Interest Total Coverage
2013 - 594,517 1,245,870 1,840,387 0.00
2014 - 597,421 1,285,716 1,883,137 0.00
2015 - 592,167 1,323,221 1,915,388 0.00
2016 N/A 0 0 0 N/A
2017 N/A 0 0 0 N/A
2018 N/A 0 0 0 N/A
2019 N/A 0 0 0 N/A
2020 N/A 0 0 0 N/A
2021 N/A 0 0 0 N/A
2022 N/A 0 0 0 N/A
(1) Total Debt Service Fund revenues for Central and East Fullerton Redevelopment Project Areas. (3) The Redevelopment Agency was dissolved on February 1, 2012. * The bonds were retired in February of 2015.

Last Ten Fiscal Years
1998 Refunding Revenue Bonds (3)
Debt Service Requirements
145
City of Fullerton
Revenue Bond Coverage
Fiscal Gross
Year Revenue (1) Principal Interest Total Coverage
2013 - 1,675,000 3,517,230 5,192,230 0.00
2014 - 1,735,000 3,438,852 5,173,852 0.00
2015 - 1,765,000 3,362,661 5,127,661 0.00
2016 - 3,245,000 3,371,173 6,616,173 0.00
2017 - 3,210,000 3,209,063 6,419,063 0.00
2018 - 3,285,000 3,046,688 6,331,688 0.00
2019 - 3,415,000 2,878,488 6,293,488 0.00
2020 - 3,765,000 2,698,953 6,463,953 0.00
2021 - 0 0 0 N/A
2022 - 0 0 0 N/A
(1) Total Debt Service Fund revenues for Orangefair, Central, and East Fullerton Redevelopment Project Areas. (3) The Redevelopment Agency was dissolved on February 1, 2012. *This bond is completely defeased with the issuance of the 2020A Tax Allocation Refunding Bonds as of June 30, 2021 Fiscal Gross
Year Revenue (1) Principal Interest Total Coverage
2013 - 130,000 20,068 150,068 0.00
2014 - 135,000 13,710 148,710 0.00
2015 - 140,000 7,014 147,014 0.00
2016 N/A 0 0 0 N/A
2017 N/A 0 0 0 N/A
2018 N/A 0 0 0 N/A
2019 N/A 0 0 0 N/A
2020 N/A 0 0 0 N/A
2021 N/A 0 0 0 N/A
2022 N/A 0 0 0 N/A
(1) Total Debt Service Fund revenues for Orangefair, Central, and East Fullerton Redevelopment Project Areas. (3) The Redevelopment Agency was dissolved on February 1, 2012. * The bonds were retired in FY 14/15
Fiscal Gross
Year Revenue (1) Principal Interest Total Coverage
2013 - 125,000 32,028 157,028 0.00
2014 - 135,000 25,034 160,034 0.00
2015 - 140,000 17,442 157,442 0.00
2016 - 150,000 9,540 159,540 0.00
2017 N/A 0 0 0 N/A
2018 N/A 0 0 0 N/A
2019 N/A 0 0 0 N/A
2020 N/A 0 0 0 N/A
2021 N/A 0 0 0 N/A
2022 N/A 0 0 0 N/A
(1) Total Debt Service Fund revenues for Orangefair, Central, and East Fullerton Redevelopment Project Areas. (3) The Redevelopment Agency was dissolved on February 1, 2012. *The bonds were retired in FY 15/16
2005 Tax Allocation Revenue Bonds (3)
Last Ten Fiscal Years
Last Ten Fiscal Years
Debt Service Requirements
Debt Service Requirements
Debt Service Requirements
2005 CRA/ERAF Taxable Revenue Bonds (3)
2006 CRA/ERAF Taxable Revenue Bonds (3)
Last Ten Fiscal Years
146
City of Fullerton
Revenue Bond Coverage
Fiscal Gross
Year Revenue (1) Principal Interest Total Coverage
2013 0 1,335,000 1,466,652 2,801,652 0.00
2014 0 1,380,000 1,422,478 2,802,478 0.00
2015 0 1,425,000 1,369,828 2,794,828 0.00
2016 0 1,485,000 1,310,707 2,795,707 0.00
2017 0 1,545,000 1,245,324 2,790,324 0.00
2018 0 1,615,000 1,170,453 2,785,453 0.00
2019 0 1,695,000 1,086,554 2,781,554 0.00
2020 0 1,780,000 994,045 2,774,045 0.00
2021 0 0 0 0 N/A
2022 0 0 0 0 N/A
(1) Total Debt Service Fund revenues for Orangefair and East Fullerton Redevelopment Project Areas. (2) The Redevelopment Agency was dissolved on February 1, 2012. *This bond was completely defeased with the issuance of the 2020B Tax Allocation Refunding Bonds as of June 30, 2021 Fiscal Gross
Year Revenue (1) Principal Interest Total Coverage
2013 - 95,000 191,726 286,726 0.00
2014 - 100,000 185,550 285,550 0.00
2015 - 105,000 179,050 284,050 0.00
2016 - 105,000 172,226 277,226 0.00
2017 - 110,000 165,400 275,400 0.00
2018 - 115,000 158,250 273,250 0.00
2019 - 120,000 150,776 270,776 0.00
2020 - 125,000 142,976 267,976 0.00
2021 - 125,000 134,850 259,850 0.00
2022 - 135,000 125,162 260,162 0.00
(1) Total Debt Service Fund revenues for Central and East Fullerton Redevelopment Project Areas. (2) The Redevelopment Agency was dissolved on February 1, 2012.

Fiscal Gross
Year Revenue (1) Principal Interest Total Coverage
2013 - 440,000 36,000 476,000 0.00
2014 - 460,000 18,400 478,400 0.00
2015 N/A 0 0 0 N/A
2016 N/A 0 0 0 N/A
2017 N/A 0 0 0 N/A
2018 N/A 0 0 0 N/A
2019 N/A 0 0 0 N/A
2020 N/A 0 0 0 N/A
2021 N/A 0 0 0 N/A
2022 N/A 0 0 0 N/A
(1) Total Debt Service Fund revenues for Central and East Fullerton Redevelopment Project Areas. (3) The Redevelopment Agency was dissolved on February 1, 2012. * The bonds were fully retired in May of 2014.

Debt Service Requirements
Last Ten Fiscal Years
2010 Tax Allocation Housing Revenue Bonds (2)
Note: The information for the 2015, 2020A, 2020B Tax Allocation Refunding Bonds are not included in the statistical section of the City of Fullerton's Annual Comprehensive Financial Report. Effective February 1, 2012 the State of California dissolved all redevelopment agencies, including the Redevelopment Agency of the City of Fullerton. A Successor Agency was set up to handle the ongoing debt service obligations of the former redevelopment agency. The Successor Agency acts in a fiduciary capacity only and is therefore excluded from the government-wide financial statements because any resources of this Agency cannot be used to support the government's programs. Likewise, the liabilities, including the debt service are not included in the statistical sections.

Debt Service Requirements
Debt Service Requirements
2010 Lease Revenue Bonds - Series A (2)
Last Ten Fiscal Years
2010 Lease Revenue Bonds - Series B (3)
Last Ten Fiscal Years
147
City of Fullerton
Demographic and Economic Statistics
Last Ten Fiscal Years
Per
Personal Capita
Fiscal Income Personal Unemployment
Year Population (1) (in thousands) Income (2)* Rate (3) 2013 140,131 4,130,641 29,477 5.6%
2014 140,120 4,089,122 29,183 6.2%
2015 142,457 4,101,586 28,791 5.1%
2016 142,234 4,228,814 29,731 4.6%
2017 144,214 4,311,756 29,898 4.5%
2018 142,824 4,533,852 31,744 3.0%
2019 141,863 4,796,794 33,812 2.9%
2020 139,431 5,058,288 36,278 9.6%
2021 142,732 5,369,372 37,618 8.5%
2022 142,732 NYA NYA 4.3%
Sources:
(1) State of California - Department of Finance
(2) U.S. Dept. of Commerce - Bureau of Economic Analysis (3) U.S. Dept. of Labor - Bureau of Labor Statistics
(4) 2010 Census
*Based on Orange County personal income data.

NYA = Not Yet Available
148
City of Fullerton
Principal Employers
Current Year and Nine Years Ago
% of Total % of Total
City City
Employer Employees Rank Employment* Employees Rank Employment California State University, Fullerton 3,000 1 4.23% 4,121 1 5.69% St. Jude Medical Center 1,797 2 2.53% 2,516 2 3.48%
Raytheon Systems Co. 1,200 3 1.69% 1,200 3 1.66%
Fullerton College 1,110 4 1.56% 1,100 5 1.52%
Fullerton School District 620 5 0.87% 1,273 4 1.76%
AJ Kirkwood & Associates, Inc 600 6 0.85%
City of Fullerton 568 7 0.80% 644 8 0.89%
Fullerton Joint Union High School Dist. 463 8 0.65% 870 6 1.20% Albertson's Regional Corporate 400 9 0.56% 570 9 0.79%
Morningside of Fullerton 350 10 0.49%
Alcoa Fastening Systems 720 7 0.99%
Kraft Foods 500 10 0.69%
Total 10,108 14.24% 13,514 18.67%
*Based upon U.S. Census Bureau's American Community Survey's estimate of 71,000 residents employed Source: Data Axle Reference Solutions
2022 2013
149
City of Fullerton and Fullerton Successor Agency
Full-Time Equivalent City Employees by Function (1)
Last Ten Fiscal Years
2012-13 2013-14 2014-15 2015-16 2016-17
Total Total Total Total Total
Department Positions Positions Positions Positions Positions City Council 6.0 6.0 6.0 6.0 6.0
City Manager 7.0 6.5 6.5 7.0 7.0
Administrative Svcs. 37.3 32.3 33.0 33.0 33.0
Human Resources 8.7 8.9 8.9 8.9 8.9
Fire 90.0 90.0 92.0 92.0 92.0
Police 214.0 210.0 211.0 212.0 212.0
Community Dev. 27.0 27.0 29.0 28.0 28.0
Engineering 35.0
Maintenance Svcs. 160.0
Public Works* 200.0 199.5 200.0 200.0
Parks & Recreation 21.0 21.0 22.0 22.0 22.0
Library 25.4 23.8 23.8 23.8 23.8
Subtotal 631.4 625.5 631.7 632.7 632.7
Part-Time Hours 192,762 177,294 177,389 165,840 165,920 Full-Time Equivalents 92.7 85.2 85.3 79.7 79.8
TOTAL POSITIONS 724.1 710.7 717.0 712.4 712.5
* The Engineering and Maintenance Services Departments are now merged into the Public Works Department as of FY 13/14
**Reductions in the non-regular positions due to COVID in FY 20/21 *** Excluding Fire Chief, employed by the City of Brea
(1) Source: City of Fullerton Final Budget
150
City of Fullerton and Fullerton Successor Agency
Full-Time Equivalent City Employees by Function (1)
Last Ten Fiscal Years
2017-18 2018-19 2019-20 2020-21 2021-22
Total Total Total Total Total
Positions Positions Positions Positions Positions

6.0 6.0 6.0 6.0 6.0

6.5 6.5 7.0 7.0 7.0

33.0 33.0 35.0 29.0 30.0

8.9 8.9 8.9 9.0 11.0

92.0 89.0 87.0 86.0 87.0 ***
217.0 218.0 203.0 209.0 209.0

28.0 28.0 30.0 31.0 31.0
198.0 198.0 194.0 195.0 192.0

21.0 21.0 21.0 17.0 21.0

23.8 23.8 23.8 21.8 23.8
634.2 632.2 615.7 610.8 617.8
165,255 159,639 160,159 68,410 ** 109,127

79.4 76.7 77.0 32.9 52.5
713.6 708.9 692.7 643.7 670.3
151
City of Fullerton
Elementary, High School, and University Enrollment Information (1) Last Ten Fiscal Years
2012-13 2013-14 2014-15 2015-16
Fullerton Elementary School District 13,830 13,801 13,730 13,544 Fullerton Joint Union High School District 14,046 13,969 13,910 13,773 Fullerton College 18,890 18,890 35,335 35,335
California State University - Fullerton 38,325 38,128 38,948 40,235 Western State University College of Law** 528 459 376 0 Southern California College of Optometry*** 400 391 391 400 Hope International University 1,694 2,011 1,420 1,438
Total enrollment in Fullerton's schools
and universities 87,713 87,649 104,110 104,725
*Based on average attendance (actual enrollment data is not available) **Western State University College of Law moved to Irvine during fiscal year 2015-16 ***Southern California College of Optometry became part of Marshall B. Ketchum University in 2013 (1) Sources: California Community Colleges Chancellor's Office Southern California College of Optometry, Hope International University Fullerton Elementary and Joint Union High School Distric ts. 152
City of Fullerton
Elementary, High School, and University Enrollment Information (1) Last Ten Fiscal Years
2016-17 2017-18 2018-19 2019-20 2020-21 2021-22
13,700 13,700 13,700 13,700 12,852 12,141
13,664 13,649 13,695 13,600 13,630 13,473
23,000 23,000 23,000 23,000 21,785 18,742
40,439 39,343 39,030 39,270 41,408 40,087
000000
544 500 500
* 500 * 740 * 738 *
2,349 1,752 1,749 1,784 1,531 1,623
93,696 91,944 91,674 91,854 91,946 86,804
153
City of Fullerton
Operating Indicators by Function
Last Ten Fiscal Years
Function: 2012-13 2013-14 2014-15 2015-16 2016-17
Police
Calls dispatched 46,762 47,292 48,637 50,628 52,527
Crime reports 16,233 16,645 16,925 17,635 18,059
Moving citations 5,440 5,350 5,212 7,573 3,878
Parking citations 28,658 35,371 35,551 37,613 36,658
Fire
Unit responses 16,108 11,646 17,500 18,813 18,250
Medical calls 6,993 9,494 8,201 8,725 8,298
Annual fire inspections 5,578 4,700 4,205 4,437 3,806
Water
Number of customer accounts 31,577 31,544 31,795 31,307 31,427 Average daily consumption
(millions of gallons) 23.8 25.4 22.9 20.9 20.6
Water samples taken 4,300 2,554 4,439 4,597 4,657
Sewers
Feet of sewer mains root cut/
chemically treated 408,144 249,744 209,009 215,312 236,257 Miles of sewer mains root cut/
hydro jetted
Number of chemically or
mechanically treated sewer
laterals 1,722 2,600 2,166 1,711 2,167
Traffic and General Engineering
Traffic signals maintained 151 151 150 151 151
Infrastructure improvement
projects administered 86 96 60 80 77
Private development
plans reviewed 933 1,038 2,695 2,500 2,564
Maintenance
Square ft. graffiti removal 370,166 403,016 344,120 316,667 348,336 Street sweeping miles 36,030 38,399 40,504 36,044 36,864 Trees pruned per year 13,000 13,542 13,500 14,975 14,005 Culture and Recreation
Park event attendance 28,000 29,500 39,500 42,000 45,000 Independ/ Park /Comm. Ctr.
participants 130,500 152,000 152,000 170,000 240,000
Fullerton Museum Center
attendance 15,000 23,987 23,987 29,265 21,734
Sources: City of Fullerton Budget Division and various City departments *Note - As of 7/1/17 sewer mains are root cut/hydro jetted rather than root cut/chemically treated ***As of FY 21/22 Fullerton Museum Center is no longer operated by the City **** Independence gym has not reopened since COVID
**Temporarily remain closed due to COVID in FY 20/21
154
City of Fullerton
Operating Indicators by Function
Last Ten Fiscal Years
2017-18 2018-19 2019-20 2020-21 2021-22
52,332 49,647 69,027 45,174 46,825
16,346 15,363 13,539 12,877 12,960
4,078 2,394 2,462 5,331 1,454
27,993 28,980 22,258 31,352 10,275
17,992 16,132 13,611 13,928 15,580
8,088 8,448 10,300 11,160 9,507
3,717 2,678 3,887 2,905 7,277
31,923 31,913 31,987 31,890 31,107

23.2 20.5 20.1 21.1 20.4
4,604 4,607 3,901 4,099 4,139
* ****
363 356.5 279.8 248.2 332.0
2,438 2,222 909 392 1,578
153 154 154 154 154
68 56 38 58 62
2,988 3,023 2,823 2,835 2,906
327,223 365,246 502,178 441,146 634,989
34,870 35,783 32,231 34,321 34,666
8,436 9,587 8,821 13,089 11,479
49,500 57,625 48,900 - * 49,400
250,000 268,000 244,656 56,224 146,057 ****
21,435 23,328 12,500 - * N/A ***
155
City of Fullerton
Capital Asset Statistics by Function
Last Ten Fiscal Years
Function: 2012-13 2013-14 2014-15 2015-16 2016-17
Public Safety
Police stations 1 1 1 1 1
Number of patrol units 26 30 31 34 31
Fire stations 6 6 6 6 6
Number of ladder trucks 2 2 2 2 2
Number of fire engines 11 11 11 11 11
Highways and streets
Miles of streets 290 290 290 285 285
Traffic Signals 150 151 150 151 151
Streetlights 7,263 7,275 7,275 6,900 6,900
Water
Number of water wells 11 11 11 11 10
Number of reservoirs 15 15 15 15 15
Miles of lines & mains 420 423 423 423 423
Sewer
Miles of sanitary sewers 324.00 320.00 322.40 323.30 320.00 Miles of storm drains 71.20 71.20 71.20 71.20 71.20
Culture and Recreation
Number of recreation and
cultural facilities 67 67 67 67 67
Number of acres for above 683 683 683 683 683
Number of libraries 2 2 2 2 2
Number of library books 241,058 241,058 210,597 210,597 210,597 Sources: City of Fullerton Budget Division and various City departments *The Hunt Library is undergoing a major refurbishment and is currently unavailable to the public. 156
City of Fullerton
Capital Asset Statistics by Function
Last Ten Fiscal Years
2017-18 2018-19 2019-20 2020-21 2021-22
1111 1
33 32 31 34 35
6666 6
2211 1
11 11 9 9 9
285 285 294 294 298
153 154 154 154 154
6,700 6,700 6,700 6,700 6,700
10 10 10 9 9
15 15 15 15 15
423 423 423 423 423
325.00 325.00 320.00 320.00 320.00

71.70 71.70 71.70 71.70 71.70
67 67 67 61 61
683 683 683 683 683
221 * 1* 1*
179,914 212,665 199,196 132,039 168,280
157
7+,63$*(,17(17,21$//</()7%/$1.
158